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PLEDGED ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2022
Pledged Assets [Abstract] |
Schedule of Pledged and not Pledged Assets | The following table shows a summary of pledged and not pledged assets at December 31, 2022 and 2021. Investment securities available for sale are presented at fair value, and investment securities held to maturity, residential mortgage loans, commercial loans and leases are presented at amortized cost:
| December 31,
| 2022 |  | 2021
| (In thousands)
Pledged investment securities to secure: |  |  |
Derivatives | $ | 443 |  |  | $ | 1,679 |
Bond for the Bank's trust operations | 104 |  |  | 105 |
Puerto Rico public fund deposits | 293,650 |  |  | 143,775 |
Total pledged investment securities | 294,197 |  |  | 145,559 |
Pledged residential mortgage loans to secure: |  |  |
Advances from the Federal Home Loan Bank | 473,600 |  |  | 550,209 |
Pledged commercial loans to secure: |  |  |
Advances from the Federal Home Loan Bank | 477,516 |  |  | 398,754 |
Federal Reserve Bank Credit Facility | 49,117 |  |  | 47,239 |
Puerto Rico public fund deposits | 73,617 |  |  | 85,148 |
| 600,250 |  |  | 531,141 |
Pledged auto loans and leases to secure: |  |  |
Federal Reserve Bank Credit Facility | 1,160,678 |  |  | 1,138,126 |
Total pledged assets | $ | 2,528,725 |  |  | $ | 2,365,035 |
Financial assets not pledged: |  |  |
Investment securities | $ | 1,653,649 |  |  | $ | 732,661 |
Residential mortgage loans | 1,250,120 |  |  | 1,408,158 |
Commercial loans | 2,050,767 |  |  | 1,879,755 |
Consumer loans | 537,257 |  |  | 409,675 |
Auto loans and leases | 803,237 |  |  | 568,184 |
Total assets not pledged | $ | 6,295,030 |  |  | $ | 4,998,433 |

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- Definition Tabular disclosure of financial instruments held by the entity for its own account for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=66007379&loc=d3e113888-111728 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729 + Details
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