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OTHER BORROWINGS (Tables) | 12 Months Ended
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Dec. 31, 2022
OTHER BORROWINGS [Abstract] |
Components of Other Borrowings [Table Text Block] | Junior subordinated debentures, as of the indicated dates, consisted of: December 31, December 31, (In thousands) 2022 2021 Floating rate junior subordinated debentures (FBP Statutory Trust I) (1) (3) $ 65,205 $ 65,205 Floating rate junior subordinated debentures (FBP Statutory Trust II) (2)(3) 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 ( 7.49 % as of December 31, 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 ( 7.25 % as of December 31, 2022 and 2.71 % as of December 31, 2021). (3) See Note 10 - Non-Consolidated Variable Interest Entities and Servicing Assets for additional information on the nature and terms of these debentures.

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- Definition Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, 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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