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CASH RESTRICTIONS
12 Months Ended
Dec. 31, 2024
Restricted Cash and Investments [Abstract]  
CASH RESTRICTIONS CASH RESTRICTIONS
The Bank is required by Puerto Rico law to maintain average weekly reserve balances to cover demand deposits, excluding government deposits that are secured with pledged collateral. The amount of those minimum average reserve balances for the week that covered December 31, 2024, was $472.0 million (December 31, 2023 - $464.5 million). At December 31, 2024 and 2023, the Bank complied with this requirement. Cash and due from banks, as well as other short-term highly liquid securities, are used to cover the required average reserve balances.