OTHER BORROWINGS

3 Months Ended

Mar. 31, 2020

Subordinated Borrowings [Abstract]

OTHER BORROWINGS [Text Block]

NOTE 20 – OTHER BORROWINGS

Other borrowings, as of the indicated dates, consisted of:

	March 31,		December 31,
	2020		2019
	(In thousands)
Floating rate junior subordinated debentures (FBP Statutory Trust I) (1)	$	65,593	$	65,593
Floating rate junior subordinated debentures (FBP Statutory Trust II) (2)		118,557		118,557
	$	184,150	$	184,150

Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.75% over 3-month LIBOR (3.59% as of March 31, 2020 and 4.65% as of December 31, 2019).Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.50% over 3-month LIBOR (3.62% as of March 31, 2020 and 4.41% as of December 31, 2019).