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REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES (Tables)
 6 Months Ended
Jun. 30, 2024
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, 2024
Total Capital (to Risk-Weighted
 
Assets)
 
First BanCorp.
$
2,394,971
18.21
%
$
1,052,081
8.0
%
N/A
N/A
 
FirstBank
$
2,364,456
17.98
%
$
1,051,871
8.0
%
$
1,314,838
10.0
%
CET1 Capital (to Risk-Weighted Assets)
 
First BanCorp.
$
2,073,346
15.77
%
$
591,795
4.5
%
N/A
N/A
 
FirstBank
$
2,099,713
15.97
%
$
591,677
4.5
%
$
854,645
6.5
%
Tier I Capital (to Risk-Weighted
 
Assets)
 
First BanCorp.
$
2,073,346
15.77
%
$
789,061
6.0
%
N/A
N/A
 
FirstBank
$
2,199,713
16.73
%
$
788,903
6.0
%
$
1,051,871
8.0
%
Leverage ratio
 
First BanCorp.
$
2,073,346
10.63
%
$
779,944
4.0
%
N/A
N/A
 
FirstBank
$
2,199,713
11.29
%
$
779,653
4.0
%
$
974,566
5.0
%
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
%