REGULATORY MATTERS, COMMITMENTS, AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 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 September 30,2023

Total Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,385,079

18.84

%

$

1,012,868

8.0

%

N/A

N/A

%

 FirstBank

$

2,335,546

18.45

%

$

1,012,710

8.0

%

$

1,265,888

10.0

%

CET1 Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,069,675

16.35

%

$

569,738

4.5

%

N/A

N/A

%

 FirstBank

$

2,077,017

16.41

%

$

569,649

4.5

%

$

822,827

6.5

%

Tier I Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,069,675

16.35

%

$

759,651

6.0

%

N/A

N/A

%

 FirstBank

$

2,177,017

17.20

%

$

759,533

6.0

%

$

1,012,710

8.0

%

Leverage ratio

 First BanCorp.

$

2,069,675

10.57

%

$

783,163

4.0

%

N/A

N/A

%

 FirstBank

$

2,177,017

11.12

%

$

782,913

4.0

%

$

978,641

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

%