MONEY MARKET INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2023

MONEY MARKET INVESTMENTS [Abstract]

Schedule Of Money Market Investments [Table Text Block]

As of December 31,

2023

2022

(Dollars in thousands)

Time deposits with other financial institutions

(1)

$

300

$

300

Overnight deposits with other financial institutions

(2)

439

541

Other short-term investments

(3)

500

1,184

$

1,239

$

2,025

(1)

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

1.05

% and

0.40

% as of December 31, 2023 and 2022, respectively.

(2)

Weighted-average interest rate of

5.33

% and

4.33

% as of December 31, 2023 and 2022, respectively.

(3)

Weighted-average interest rate of

2.47

% and

0.14

% as of December 31, 2023 and 2022, respectively.