MONEY MARKET INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2022

MONEY MARKET INVESTMENTS [Abstract]

Schedule Of Money Market Investments [Table Text Block]

2022

2021

(Dollars in thousands)

Time deposits with other financial institutions

(1) (2)

$

300

$

300

Overnight deposits with other financial institutions

(3)

541

1,200

Other short-term investments

(4)

1,184

1,182

$

2,025

$

2,682

(1)

Consists of time deposits segregated for compliance with the Puerto Rico International Banking Law.

(2)

Interest rate of

0.40

% and

0.05

% as of December 31, 2022 and 2021, respectively.

(3)

Weighted-average interest rate of

4.33

% and

0.07

% as of December 31, 2022 and 2021, respectively.

(4)

Weighted-average interest rate of

0.14

% and

0.15

% as of December 31, 2022 and 2021, respectively.