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DEPOSITS
3 Months Ended
Mar. 31, 2025
DEPOSITS [Abstract]  
DEPOSITS
NOTE 7 – DEPOSITS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table summarizes deposit balances as of the indicated dates:
March 31, 2025
December 31, 2024
(In thousands)
Type of account:
Non-interest-bearing deposit accounts
$
5,629,383
$
5,547,538
Interest-bearing checking accounts
4,138,245
4,308,116
Interest-bearing saving accounts
3,448,043
3,530,382
Time deposits
3,124,391
3,007,144
Brokered CDs
482,467
478,118
 
Total
$
16,822,529
$
16,871,298
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table presents the remaining contractual maturities of time deposits,
 
including brokered CDs, as of March 31, 2025:
Total
 
(In thousands)
Three months or less
$
794,151
Over three months to six months
713,383
Over six months to one year
1,278,655
Over one year to two years
 
541,594
Over two years to three years
 
141,983
Over three years to four years
 
75,668
Over four years to five years
 
39,722
Over five years
21,702
 
Total
$
3,606,858
Total
 
Puerto
 
Rico
 
and
 
U.S.
 
time
 
deposits
 
with
 
balances
 
of
 
more
 
than
 
$250,000
 
amounted
 
to
 
$
1.6
 
billion
 
and
 
$
1.5
 
billion
 
as
 
of
March 31, 2025
 
and December 31,
 
2024, 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
 
March
 
31,
 
2025
 
and
 
December
 
31,
 
2024,
 
unamortized
 
broker
placement
 
fees
 
amounted
 
to
 
$
1.0
 
million
 
and
 
$
1.1
 
million,
 
respectively,
 
which
 
are
 
amortized
 
over
 
the
 
contractual
 
maturity
 
of
 
the
brokered CDs under the interest method.