REGULATORY MATTERS, CASH RESTRICTIONS, COMMITMENTS, AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2022

REGULATORY MATTERS, CASH RESTRICTIONS, COMMITMENTS, AND CONTINGENCIES [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, 2022

Total Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,385,866

19.21

%

$

993,405

8.0

%

N/A

N/A

%

 FirstBank

$

2,346,093

18.90

%

$

993,264

8.0

%

$

1,241,580

10.0

%

CET1 Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,052,333

16.53

%

$

558,790

4.5

%

N/A

N/A

%

 FirstBank

$

2,090,832

16.84

%

$

558,711

4.5

%

$

807,027

6.5

%

Tier I Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,052,333

16.53

%

$

745,054

6.0

%

N/A

N/A

%

 FirstBank

$

2,190,832

17.65

%

$

744,948

6.0

%

$

993,264

8.0

%

Leverage ratio

 First BanCorp.

$

2,052,333

10.70

%

$

767,075

4.0

%

N/A

N/A

%

 FirstBank

$

2,190,832

11.43

%

$

766,714

4.0

%

$

958,392

5.0

%

As of December 31, 2021

Total Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,433,953

20.50

%

$

949,637

8.0

%

N/A

N/A

%

 FirstBank

$

2,401,390

20.23

%

$

949,556

8.0

%

$

1,186,944

10.0

%

CET1 Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,112,630

17.80

%

$

534,171

4.5

%

N/A

N/A

%

 FirstBank

$

2,150,317

18.12

%

$

534,125

4.5

%

$

771,514

6.5

%

Tier I Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,112,630

17.80

%

$

712,228

6.0

%

N/A

N/A

%

 FirstBank

$

2,258,317

19.03

%

$

712,167

6.0

%

$

949,556

8.0

%

Leverage ratio

 First BanCorp.

$

2,112,630

10.14

%

$

833,091

4.0

%

N/A

N/A

%

 FirstBank

$

2,258,317

10.85

%

$

832,773

4.0

%

$

1,040,967

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, 

2022

2021

(In thousands)

Financial instruments whose contract amounts represent credit risk:

 Commitments to extend credit:

 Construction undisbursed funds

$

170,639

$

197,917

 Unused personal lines of credit 

978,219

1,180,824

 Commercial lines of credit 

761,634

725,259

 Letters of credit:

 Commercial letters of credit

68,647

151,140

 Standby letters of credit

9,160

4,342