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PLEDGED ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2023
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, 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 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 -Topic 860 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481444/860-30-45-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 860 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147481420/860-30-50-1A + Details
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