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PLEDGED ASSETS | 12 Months Ended
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Dec. 31, 2023
Pledged Assets [Abstract] |
PLEDGED ASSETS | PLEDGED ASSETS The following table shows a summary of pledged and not pledged assets at December 31, 2023 and 2022. Investment securities available for sale are presented at fair value, and investment securities held to maturity, residential mortgage loans, commercial loans, and auto loans are presented at amortized cost:
| December 31,
| 2023 |  | 2022
| (In thousands)
Pledged investment securities to secure: |  |  |
Bank Term Funding Program | 48,070 |  |  | — |
Derivatives | — |  |  | 443 |
IBE Regulation | 645 |  |  | — |
Bond for the Bank's trust operations | 104 |  |  | 104 |
Puerto Rico public fund deposits | 1,575,042 |  |  | 293,650 |
Total pledged investment securities | 1,623,861 |  |  | 294,197 |
Pledged residential mortgage loans to secure: |  |  |
Advances from the Federal Home Loan Bank | 769,813 |  |  | 473,600 |
Pledged commercial loans to secure: |  |  |
Advances from the Federal Home Loan Bank | 236,665 |  |  | 477,516 |
Federal Reserve Bank Credit Facility | 70,075 |  |  | 49,117 |
Puerto Rico public fund deposits | 69,731 |  |  | 73,617 |
| 376,471 |  |  | 600,250 |
Pledged Auto loans to secure: |  |  |
Federal Reserve Bank Credit Facility | 1,169,711 |  |  | 1,160,678 |
Total pledged assets | $ | 3,939,856 |  |  | $ | 2,528,725 |
Financial assets not pledged: |  |  |
Investment securities | $ | 1,024,427 |  |  | $ | 1,653,649 |
Residential mortgage loans | 792,796 |  |  | 1,250,120 |
Commercial loans | 2,728,777 |  |  | 2,050,767 |
Consumer loans | 620,446 |  |  | 537,257 |
Auto loans | 1,104,710 |  |  | 803,237 |
Total assets not pledged | $ | 6,271,156 |  |  | $ | 6,295,030 |

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- Definition Refer to those assets that are transferred to a lender for the purpose of securing debt. The lender of the debt maintains possession of the pledged asset, but does not have ownership unless default occurs. + References No definition available. + Details
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- References No definition available. + Details
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Data Type: | xbrli:stringItemType
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Period Type: | duration