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PLEDGED ASSETS (Tables)

12 Months Ended

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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- References

No definition available.

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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

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