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PLEDGED ASSETS
 12 Months Ended
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,
20232022
(In thousands)
Pledged investment securities to secure:
Bank Term Funding Program48,070 — 
Derivatives— 443 
IBE Regulation645 — 
Bond for the Bank's trust operations104 104 
Puerto Rico public fund deposits1,575,042 293,650 
Total pledged investment securities1,623,861 294,197 
Pledged residential mortgage loans to secure:
Advances from the Federal Home Loan Bank769,813 473,600 
Pledged commercial loans to secure:
Advances from the Federal Home Loan Bank236,665 477,516 
Federal Reserve Bank Credit Facility70,075 49,117 
Puerto Rico public fund deposits69,731 73,617 
376,471 600,250 
Pledged Auto loans to secure:
Federal Reserve Bank Credit Facility1,169,711 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 loans792,796 1,250,120 
Commercial loans2,728,777 2,050,767 
Consumer loans620,446 537,257 
Auto loans1,104,710 803,237 
Total assets not pledged$6,271,156 $6,295,030