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REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2023
Total Capital (to Risk-Weighted
 
Assets)
 
First BanCorp.
$
2,403,319
18.57
%
$
1,035,589
8.0
%
N/A
N/A
 
FirstBank
$
2,376,003
18.36
%
$
1,035,406
8.0
%
$
1,294,257
10.0
%
CET1 Capital (to Risk-Weighted Assets)
 
First BanCorp.
$
2,084,432
16.10
%
$
528,519
4.5
%
N/A
N/A
 
FirstBank
$
2,113,995
16.33
%
$
582,416
4.5
%
$
841,267
6.5
%
Tier I Capital (to Risk-Weighted
 
Assets)
 
First BanCorp.
$
2,084,432
16.10
%
$
776,692
6.0
%
N/A
N/A
 
FirstBank
$
2,213,995
17.11
%
$
776,554
6.0
%
$
1,035,406
8.0
%
Leverage ratio
 
First BanCorp.
$
2,084,432
10.78
%
$
773,615
4.0
%
N/A
N/A
 
FirstBank
$
2,213,995
11.45
%
$
773,345
4.0
%
$
966,682
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
%
Schedule of detail of commitments to extend credit, standby letters of credit and commitments to sell loans [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table summarizes commitments to extend credit and standby letters of
 
credit as of the indicated dates:
December 31,
 
2023
2022
(In thousands)
Financial instruments whose contract amounts represent credit risk:
 
Commitments to extend credit:
 
Construction undisbursed funds
$
234,974
$
170,639
 
Unused credit card lines
 
882,486
936,231
 
Unused personal lines of credit
 
38,956
41,988
 
Commercial lines of credit
 
862,963
761,634
 
Letters of credit:
 
Commercial letters of credit
69,543
68,647
 
Standby letters of credit
8,313
9,160