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REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]  
Corporations and its banking subsidiarys regulatory capital positions [Table Text Block]

 

 

Regulatory Requirements

 

 

Actual

 

For Capital Adequacy Purposes

 

To be Well-Capitalized

Thresholds

 

 

 

 

 

 

Amount

 

Ratio

 

Amount

 

Ratio

 

Amount

 

Ratio

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

2,416,682

 

20.37%

 

$

948,890

 

8.0%

 

 

N/A

 

N/A

FirstBank

$

2,360,493

 

19.91%

 

$

948,624

 

8.0%

 

$

1,185,780

 

10.0%

CET1 Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

2,053,045

 

17.31%

 

$

533,751

 

4.5%

 

 

N/A

 

N/A

FirstBank

$

1,903,251

 

16.05%

 

$

533,601

 

4.5%

 

$

770,757

 

6.5%

Tier I Capital (to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

2,089,149

 

17.61%

 

$

711,667

 

6.0%

 

 

N/A

 

N/A

FirstBank

$

2,211,251

 

18.65%

 

$

711,468

 

6.0%

 

$

948,624

 

8.0%

Leverage ratio

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

2,089,149

 

11.26%

 

$

742,352

 

4.0%

 

 

N/A

 

N/A

FirstBank

$

2,211,251

 

11.92%

 

$

741,841

 

4.0%

 

$

927,301

 

5.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

2,286,337

 

25.22%

 

$

725,236

 

8.0%

 

 

N/A

 

N/A

FirstBank

$

2,242,262

 

24.74%

 

$

725,047

 

8.0%

 

$

906,309

 

10.0%

CET1 Capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(to risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

1,957,887

 

21.60%

 

$

407,946

 

4.5%

 

 

N/A

 

N/A

FirstBank

$

1,820,571

 

20.09%

 

$

407,839

 

4.5%

 

$

589,101

 

6.5%

Tier I Capital (to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

1,993,991

 

22.00%

 

$

543,927

 

6.0%

 

 

N/A

 

N/A

FirstBank

$

2,128,571

 

23.49%

 

$

543,785

 

6.0%

 

$

725,047

 

8.0%

Leverage ratio

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

1,993,991

 

16.15%

 

$

493,786

 

4.0%

 

 

N/A

 

N/A

FirstBank

$

2,128,571

 

17.26%

 

$

493,242

 

4.0%

 

$

616,552

 

5.0%

 

 
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,

 

 

2020

 

2019

(In thousands)

 

 

 

 

 

 

Financial instruments whose contract amounts represent credit risk:

 

 

 

 

 

 

Commitments to extend credit:

 

 

 

 

 

 

Construction undisbursed funds

 

$

119,900

 

$

185,569

Unused personal lines of credit

 

 

1,180,860

 

 

722,761

Commercial lines of credit

 

 

759,947

 

 

533,230

Commercial letters of credit

 

 

135,987

 

 

82,281

 

 

 

 

 

 

 

Standby letters of credit

 

 

4,964

 

 

4,452