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OTHER BORROWINGS | 9 Months Ended
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Sep. 30, 2022
Subordinated Borrowings [Abstract] |
OTHER BORROWINGS [Text Block] | NOTE 11 – OTHER BORROWINGS Other borrowings, as of the indicated dates, consisted of: September 30, December 31, 2022 2021 (In thousands) Floating rate junior subordinated debentures (FBP Statutory Trust I) (1) $ 65,205 $ 65,205 Floating rate junior subordinated debentures (FBP Statutory Trust II) (2) 118,557 118,557 $ 183,762 $ 183,762 (1) Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.75 % over 3-month LIBOR ( 6.28 % as of September 30, 2022 and 2.97 % as of December 31, 2021). (2) Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.50 % over 3-month LIBOR ( 6.03 % as of September 30, 2022 and 2.71 % as of December 31, 2021).

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- Definition The entire disclosure for borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC's uniform net capital rule, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
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