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FAIR VALUE (Tables)	6 Months Ended
	Jun. 30, 2024
FAIR VALUE [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis [Table Text Block]	Assets and liabilities measured at fair value on a recurring basis are summarized below as of June 30,2024 and December 31, 2023: As of June 30, 2024 As of December 31, 2023 Fair Value Measurements Using  Fair Value Measurements Using  Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total (In thousands) Assets: Debt securities available for sale: U.S. Treasury securities $ 117,073 $ - $ - $ 117,073 $ 135,393 $ - $ - $ 135,393 Noncallable U.S. agencies debt securities - 495,689 - 495,689 - 433,437 - 433,437 Callable U.S. agencies debt securities - 1,739,738 - 1,739,738 - 1,874,960 - 1,874,960 MBS - 2,597,712 4,567 (1) 2,602,279 - 2,779,994 4,785 (1) 2,784,779 Puerto Rico government obligation - - 1,532 1,532 - - 1,415 1,415 Other investments - - 1,000 1,000 - - - - Equity securities 4,867 - - 4,867 4,893 - - 4,893 Derivative assets - 316 - 316 - 341 - 341 Liabilities: Derivative liabilities - 152 - 152 - 317 - 317 (1) Related to private label MBS.
Fair Value of Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The table below presents a reconciliation of the beginning and ending balances of all assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the quarters and six-month periods ended June 30, 2024 and 2023: Quarter Ended June 30, Six-Month Period Ended June 30, 2024 2023 2024 2023 Level 3 Instruments Only  Securities Available for Sale (1) Securities Available for Sale (1) Securities Available for Sale (1) Securities Available for Sale (1) (In thousands) Beginning balance $ 6,275 $ 7,605 $ 6,200 $ 8,495  Total gains (losses):  Included in other comprehensive income (loss) (unrealized) 175 (19) 414 (181)  Included in earnings (unrealized) (2) (60) 16 9 25  Purchases 1,000 - 1,000 -  Principal repayments and amortization (3) (291) (245) (524) (982) Ending balance $ 7,099 $ 7,357 $ 7,099 $ 7,357 ___________________ (1) Amounts mostly related to private label MBS. (2) Changes in unrealized (losses) gains included in earnings were recognized within provision for credit losses – expense and relate to assets still held as of the reporting date. (3) For the six-month period ended June 30, 2023 includes a $ 0.5  million repayment of a matured debt security.
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	The tables below present quantitative information for significant assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) as of June 30,2024 and December 31, 2023: June 30, 2024 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum  Maximum (Dollars in thousands) Available-for-sale debt securities:  Private label MBS $ 4,567 Discounted cash flows Discount rate 16.8% 16.8% 16.8% Prepayment rate 0.0% 5.6% 3.4% Projected cumulative loss rate 0.2% 9.4% 4.1%  Puerto Rico government obligation $ 1,532 Discounted cash flows Discount rate 12.9% 12.9% 12.9% Projected cumulative loss rate 25.9% 25.9% 25.9% December 31, 2023 Fair Value Valuation Technique Unobservable Input Range Weighted Average Minimum  Maximum (Dollars in thousands) Available-for-sale debt securities:  Private label MBS $ 4,785 Discounted cash flows Discount rate 16.1% 16.1% 16.1% Prepayment rate 0.0% 6.9% 3.7% Projected cumulative loss rate 0.1% 10.9% 4.2%  Puerto Rico government obligation $ 1,415 Discounted cash flows Discount rate 14.1% 14.1% 14.1% Projected cumulative loss rate 25.8% 25.8% 25.8%
Impairment or Valuation Adjustments were Recorded for Assets Recognized at Fair Value [Table Text Block]	For the quarter and six-month period ended June 30, 2024, the Corporation recorded losses or valuation adjustments for assets recognized at fair value on a non-recurring basis and still held at June 30, 2024, as shown in the following table: Carrying value as of June 30, 2024 Related to losses recorded for the Quarter Ended June 30, 2024 Related to losses recorded for the Six- Month Period Ended June 30, 2024 Losses recorded for the Quarter Ended June 30, 2024 Losses recorded for the Six-Month Period Ended June 30, 2024 (In thousands) Level 3: Loans receivable (1) $ 25,930 $ 26,117 $ (107) $ (144) OREO (2) 1,044 1,292 (55) (171) (1) Consists mainly of collateral dependent commercial and construction loans. The Corporation generally measured losses based on the fair value of the collateral. The Corporation derived the fair values from external appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g., absorption rates), which are not market observable. The haircuts applied on appraisals were of 4 % for the quarter and six-month period ended June 30, 2024.  (2) The Corporation derived the fair values from appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption rates and net operating income of income producing properties), which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio. The haircuts applied ranged from 2 % to 18 % for the quarter and six-month period ended June 30, 2024. For the quarter and six-month period ended June 30, 2023, the Corporation recorded losses or valuation adjustments for assets recognized at fair value on a non-recurring basis and still held at June 30, 2023, as shown in the following table: Carrying value as of June 30, 2023 Related to (losses) gains recorded for the Quarter Ended June 30, 2023 Related to (losses) gains recorded for the Six- Month Period Ended June 30, 2023 (Losses) gains recorded for the Quarter Ended June 30, 2023 (Losses) gains recorded for the Six-Month Period Ended June 30, 2023 (In thousands) Level 3: Loans receivable (1) $ 8,011 $ 8,920 $ (6,515) $ (6,744) OREO (2) 1,471 2,038 45 12 Level 2: Loans held for sale (3) $ 14,295 $ 14,295 $ (73) $ (73) (1) Consists mainly of collateral dependent commercial and construction loans. The Corporation generally measured losses based on the fair value of the collateral. The Corporation derived the fair values from external appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the collateral (e.g., absorption rates), which are not market observable. The haircuts applied on appraisals ranged from 1 % to 22 % for the quarter and six-month period ended June 30, 2023. (2) The Corporation derived the fair values from appraisals that took into consideration prices in observed transactions involving similar assets in similar locations but adjusted for specific characteristics and assumptions of the properties (e.g., absorption rates and net operating income of income producing properties), which are not market observable. Losses were related to market valuation adjustments after the transfer of the loans to the OREO portfolio. The haircuts applied ranged from 7 % to 34 % for the quarter ended June 30, 2023, and 6 % to 34 % for the six-month period ended June 30, 2023. (3) The Corporation derived the fair value of these loans based on published secondary market prices of MBS with similar characteristics.
Estimated Fair Value and Carrying Value of Financial Instruments [Table Text Block]	The following tables present the carrying value, estimated fair value and estimated fair value level of the hierarchy of financial instruments as of June 30,2024 and December 31, 2023: Total Carrying Amount in Statement of Financial Condition as of June 30, 2024 Fair Value Estimate as of June 30, 2024 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments (amortized cost) $ 586,282 $ 586,282 $ 586,282 $ - $ - Available-for-sale debt securities (fair value) 4,957,311 4,957,311 117,073 4,833,139 7,099 Held-to-maturity debt securities:  Held-to-maturity debt securities (amortized cost) 344,435  Less: ACL on held-to-maturity debt securities (1,267)  Held-to-maturity debt securities, net of ACL $ 343,168 333,690 - 222,364 111,326 Equity securities (amortized cost) 46,170 46,170 - 46,170 (1) - Other equity securities (fair value) 4,867 4,867 4,867 - - Loans held for sale (lower of cost or market) 10,392 10,450 - 10,450 - Loans held for investment:  Loans held for investment (amortized cost) 12,385,508  Less: ACL for loans and finance leases (254,532)  Loans held for investment, net of ACL $ 12,130,976 12,058,472 - - 12,058,472 MSRs (amortized cost) 25,952 44,590 - - 44,590 Derivative assets (fair value)  (2) 316 316 - 316 - Liabilities: Deposits (amortized cost) $ 16,528,956 $ 16,521,923 $ - $ 16,521,923 $ - Advances from the FHLB (amortized cost):  Long-term 500,000 495,838 - 495,838 - Other long-term borrowings (amortized cost) 161,700 159,696 - - 159,696 Derivative liabilities (fair value)  (2) 152 152 - 152 - (1) Includes FHLB stock with a carrying value of $ 34.0  million, which is considered restricted. (2) Includes interest rate swap agreements, interest rate caps, forward contracts, interest rate lock commitments, and forward loan sales commitments. Total Carrying Amount in Statement of Financial Condition as of December 31, 2023 Fair Value Estimate as of December 31, 2023 Level 1 Level 2 Level 3 (In thousands) Assets: Cash and due from banks and money market investments (amortized cost) $ 663,164 $ 663,164 $ 663,164 $ - $ - Available-for-sale debt securities (fair value) 5,229,984 5,229,984 135,393 5,088,391 6,200 Held-to-maturity debt securities:  Held-to-maturity debt securities (amortized cost) 354,178  Less: ACL on held-to-maturity debt securities (2,197)  Held-to-maturity debt securities, net of ACL $ 351,981 346,132 - 235,239 110,893 Equity securities (amortized cost) 44,782 44,782 - 44,782 (1) - Other equity securities (fair value) 4,893 4,893 4,893 - - Loans held for sale (lower of cost or market) 7,368 7,476 - 7,476 - Loans held for investment:   Loans held for investment (amortized cost) 12,185,483  Less: ACL for loans and finance leases (261,843)  Loans held for investment, net of ACL $ 11,923,640 11,762,855 - - 11,762,855 MSRs (amortized cost) 26,941 45,244 - - 45,244 Derivative assets (fair value) (2) 341 341 - 341 - Liabilities: Deposits (amortized cost) $ 16,555,985 $ 16,565,435 $ - $ 16,565,435 $ - Advances from the FHLB (amortized cost)  Long-term 500,000 500,522 - 500,522 - Other long-term borrowings (amortized cost) 161,700 159,999 - - 159,999 Derivative liabilities (fair value) (2) 317 317 - 317 - (1) Includes FHLB stock with a carrying value of $ 34.6  million, which is considered restricted. (2) Includes interest rate swap agreements, interest rate caps, forward contracts and interest rate lock commitments.

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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