REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2023

REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES [Abstract]

Corporations and its banking subsidiary's 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 March 31, 2023

Total Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,366,591

19.02

%

$

995,597

8.0

%

N/A

N/A

%

 FirstBank

$

2,327,600

18.71

%

$

995,452

8.0

%

$

1,244,315

10.0

%

CET1 Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,032,369

16.33

%

$

560,023

4.5

%

N/A

N/A

%

 FirstBank

$

2,071,650

16.65

%

$

559,942

4.5

%

$

808,805

6.5

%

Tier I Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,032,369

16.33

%

$

746,697

6.0

%

N/A

N/A

%

 FirstBank

$

2,171,650

17.45

%

$

746,589

6.0

%

$

995,452

8.0

%

Leverage ratio

 First BanCorp.

$

2,032,369

10.57

%

$

769,399

4.0

%

N/A

N/A

%

 FirstBank

$

2,171,650

11.29

%

$

769,102

4.0

%

$

961,378

5.0

%

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

%