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REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2023
REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES [Abstract]  
Corporations and its banking subsidiary's regulatory capital positions [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Regulatory Requirements
Actual
For Capital Adequacy Purposes
To be Well
 
-Capitalized
Thresholds
 
Amount
Ratio
Amount
Ratio
Amount
Ratio
(Dollars in thousands)
As of June 30, 2023
Total Capital (to Risk-Weighted
 
Assets)
 
First BanCorp.
$
2,396,564
19.15
%
$
1,001,189
8.0
%
N/A
N/A
%
 
FirstBank
$
2,326,581
18.59
%
$
1,001,046
8.0
%
$
1,251,307
10.0
%
CET1 Capital (to Risk-Weighted Assets)
 
First BanCorp.
$
2,082,843
16.64
%
$
563,169
4.5
%
N/A
N/A
%
 
FirstBank
$
2,069,732
16.54
%
$
563,088
4.5
%
$
813,350
6.5
%
Tier I Capital (to Risk-Weighted
 
Assets)
 
First BanCorp.
$
2,082,843
16.64
%
$
750,892
6.0
%
N/A
N/A
%
 
FirstBank
$
2,169,732
17.34
%
$
750,784
6.0
%
$
1,001,046
8.0
%
Leverage ratio
 
First BanCorp.
$
2,082,843
10.73
%
$
776,742
4.0
%
N/A
N/A
%
 
FirstBank
$
2,169,732
11.18
%
$
776,431
4.0
%
$
970,539
5.0
%
As of December 31, 2022
Total Capital (to Risk-Weighted
 
Assets)
 
First BanCorp.
$
2,385,866
19.21
%
$
993,405
8.0
%
N/A
N/A
%
 
FirstBank
$
2,346,093
18.90
%
$
993,264
8.0
%
$
1,241,580
10.0
%
CET1 Capital (to Risk-Weighted Assets)
 
First BanCorp.
$
2,052,333
16.53
%
$
558,790
4.5
%
N/A
N/A
%
 
FirstBank
$
2,090,832
16.84
%
$
558,711
4.5
%
$
807,027
6.5
%
Tier I Capital (to Risk-Weighted
 
Assets)
 
First BanCorp.
$
2,052,333
16.53
%
$
745,054
6.0
%
N/A
N/A
%
 
FirstBank
$
2,190,832
17.65
%
$
744,948
6.0
%
$
993,264
8.0
%
Leverage ratio
 
First BanCorp.
$
2,052,333
10.70
%
$
767,075
4.0
%
N/A
N/A
%
 
FirstBank
$
2,190,832
11.43
%
$
766,714
4.0
%
$
958,392
5.0
%