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BORROWINGS (Tables) | 12 Months Ended
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Dec. 31, 2024
BORROWINGS [Abstract] |
Summary of Advances from FHLB [Table Text Block] | The following is a summary of the advances from the FHLB as of the indicated dates: December 31, 2024 December 31, 2023 (In thousands) Long-term Fixed -rate advances from the FHLB (1) $ 500,000 $ 500,000 (1) Weighted-average interest rate of 4.45 % as of each of December 31, 2024 and 2023, respectively. Advances from the FHLB mature as follows as of the indicated date: December 31, 2024 (In thousands) Three months or less $ 180,000 Over six months to one year 30,000 Over one year to two years 90,000 Over two years to three years 200,000 Total (1) $ 500,000 (1) Average remaining term to maturity of 1.48 years.
Components of Junior Subordinated Debentures [Table Text Block] | (In thousands) December 31, 2024 December 31, 2023 Long-term floating rate junior subordinated debentures (FBP Statutory Trust I) (1) $ 43,143 $ 43,143 Long-term floating rate junior subordinated debentures (FBP Statutory Trust II) (2) 18,557 118,557 $ 61,700 $ 161,700 (1) Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.75 % over 3-month CME Term SOFR plus a 0.26161 % tenor spread adjustment as of December 31, 2024 and 2023 ( 7.36 % as of December 31, 2024 and 8.39 % as of December 31, 2023). (2) Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.50 % over 3-month CME Term SOFR plus a 0.26161 % tenor spread adjustment as of December 31, 2024 and 2023 ( 7.12 % as of December 31, 2024 and 8.13 % as of December 31, 2023).

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- Definition Tabular disclosure of advance from Federal Home Loan Bank (FHLBank). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 + Details
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- Definition Tabular disclosure of borrowings under subordinated debt agreements that qualify as available in computing net capital under SEC uniform net capital rules for broker-dealers, including restrictive covenants, collateral, interest rates and due dates, amounts due by date and amount owed in total. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 + Details
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