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DEPOSITS
6 Months Ended
Jun. 30, 2024
DEPOSITS [Abstract]  
DEPOSITS
NOTE 8 – DEPOSITS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table summarizes deposit balances as of the indicated dates:
June 30, 2024
December 31, 2023
(In thousands)
Type of account:
Non-interest-bearing deposit accounts
$
5,406,054
$
5,404,121
Interest-bearing checking accounts
3,831,677
3,937,945
Interest-bearing saving accounts
3,629,326
3,596,855
Time deposits
3,037,120
2,833,730
Brokered certificates of deposits ("CDs")
624,779
783,334
 
Total
$
16,528,956
$
16,555,985
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table presents the remaining contractual maturities of time deposits,
 
including brokered CDs, as of June 30, 2024:
Total
 
(In thousands)
Three months or less
$
966,977
Over three months to six months
829,519
Over six months to one year
1,102,165
Over one year to two years
 
474,119
Over two years to three years
 
70,269
Over three years to four years
 
126,118
Over four years to five years
 
70,897
Over five years
21,835
 
Total
$
3,661,899
Total
 
Puerto Rico and
 
U.S. time deposits
 
with balances of
 
more than $250,000
 
amounted to $
1.6
 
billion and $
1.4
 
billion as of
 
June
30,
 
2024
 
and
 
December
 
31,
 
2023,
 
respectively.
 
This
 
amount
 
does
 
not
 
include
 
brokered
 
CDs
 
that
 
are
 
generally
 
participated
 
out
 
by
brokers in
 
shares of
 
less than
 
the FDIC
 
insurance limit.
 
As of
 
June 30,
 
2024 and
 
December 31,
 
2023, unamortized
 
broker placement
fees amounted
 
to $
1.2
 
million and
 
$
1.0
 
million, respectively,
 
which are
 
amortized over
 
the contractual
 
maturity of
 
the brokered
 
CDs
under the interest method.