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FIRST BANCORP. (Holding Company Only) Financial Information (Tables) | 9 Months Ended
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Sep. 30, 2022
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Statements of Financial Condition [Table Text Block] | The following condensed financial information presents the financial position of First BanCorp. at the holding company level only as of September 30, 2022 and December 31, 2021, and the results of its operations for the quarters and nine-month periods ended September 30, 2022 and 2021: Statements of Financial Condition (Unaudited) As of September 30, As of December 31, 2022 2021 (In thousands) Assets Cash and due from banks $ 18,298 $ 20,751 Other investment securities 735 285 Investment in First Bank Puerto Rico, at equity 1,408,435 2,247,289 Investment in First Bank Insurance Agency, at equity 24,501 19,521 Investment in FBP Statutory Trust I 1,951 1,951 Investment in FBP Statutory Trust II 3,561 3,561 Dividend receivable 523 295 Other assets 155 71 Total assets $ 1,458,159 $ 2,293,724 Liabilities and Stockholdersʼ Equity Liabilities: Other borrowings $ 183,762 $ 183,762 Accounts payable and other liabilities 9,064 8,195 Total liabilities 192,826 191,957 Stockholdersʼ equity 1,265,333 2,101,767 Total liabilities and stockholdersʼ equity $ 1,458,159 $ 2,293,724
Statements of Income [Table Text Block] | Statements of Income (Unaudited) Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands) Income: Interest income on money market investments $ 19 $ 13 $ 33 $ 37 Dividend income from banking subsidiaries 49,728 15,555 292,000 50,684 Dividend income from non-banking subsidiaries - 30,000 - 30,000 Other income 68 39 159 116 Total income 49,815 45,607 292,192 80,837 Expense: Other borrowings 2,273 1,277 5,304 3,856 Other operating expenses 422 358 1,295 1,494 Total expenses 2,695 1,635 6,599 5,350 Income before income taxes and equity in undistributed earnings of subsidiaries 47,120 43,972 285,593 75,487 Income tax expense 735 556 2,634 2,344 Equity in undistributed earnings of subsidiaries (distributions in excess of earnings) 28,218 32,262 (51,061) 134,243 Net income $ 74,603 $ 75,678 $ 231,898 $ 207,386 Other comprehensive loss, net of tax (270,937) (18,740) (778,694) (89,173) Comprehensive (loss) income $ (196,334) $ 56,938 $ (546,796) $ 118,213

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- Definition Tabular disclosure of condensed balance sheet, including, but not limited to, balance sheets of consolidated entities and consolidation eliminations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 12 -Paragraph (a) -Subsection 04 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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