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REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Corporations and its banking subsidiarys regulatory capital positions [Table Text Block]
The regulatory capital positions of the Corporation and FirstBank as of December 31, 2018 and 2017 were as follows:
Regulatory Requirements
ActualFor Capital Adequacy PurposesTo be Well-Capitalized-GeneralThresholds
AmountRatioAmountRatioAmountRatio
(Dollars in thousands)
As of December 31, 2018
Total Capital (to
Risk-Weighted Assets)
First BanCorp.$2,118,94024.00%$706,4188.0%N/AN/A
FirstBank$2,075,89423.51%$706,4268.0%$883,03210.0%
Common Equity Tier 1 Capital
(to Risk-Weighted Assets)
First BanCorp.$1,792,88020.30%397,3604.5%N/AN/A
FirstBank$1,656,56318.76%397,3654.5%573,9716.5%
Tier I Capital (to
Risk-Weighted Assets)
First BanCorp.$1,828,98420.71%$529,8146.0%N/AN/A
FirstBank$1,964,56322.25%$529,8196.0%$706,4268.0%
Leverage ratio
First BanCorp.$1,828,98415.37%$475,9244.0%N/AN/A
FirstBank$1,964,56316.53%$475,4904.0%$594,3625.0%
At December 31, 2017
Total Capital (to
Risk-Weighted Assets)
First BanCorp.$1,989,87322.53%$706,4328.0%N/AN/A
FirstBank$1,947,62722.06%$706,2188.0%$882,77210.0%
Common Equity Tier 1 Capital
(to Risk-Weighted Assets)
First BanCorp.$1,674,16418.96%$397,3684.5%N/AN/A
FirstBank$1,562,43117.70%$397,2484.5%$573,8026.5%
Tier I Capital (to
Risk-Weighted Assets)
First BanCorp.$1,675,28218.97%$529,8246.0%N/AN/A
FirstBank$1,835,44520.79%$529,6636.0%$706,2188.0%
Leverage ratio
First BanCorp.$1,675,28214.03%$477,6434.0%N/AN/A
FirstBank$1,835,44515.39%$477,0564.0%$596,3205.0%
Schedule of detail of commitments to extend credit, standby letters of credit and commitments to sell loans [Table Text Block]
The following table summarizes commitments to extend credit and standby letters of credit as of the indicated dates:
December 31,
20182017
(In thousands)
Financial instruments whose contract amounts represent credit risk:
Commitments to extend credit:
Construction undisbursed funds$160,905$77,649
Unused personal lines of credit 722,510710,607
Commercial lines of credit 455,344471,732
Commercial letters of credit69,66446,728
Standby letters of credit2,8652,691