REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES (Tables)

3 Months Ended

Mar. 31, 2024

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 31,2024

Total Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,388,964

18.36

%

$

1,040,707

8.0

%

N/A

N/A

 FirstBank

$

2,360,406

18.15

%

$

1,040,576

8.0

%

$

1,300,720

10.0

%

CET1 Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,068,978

15.90

%

$

585,398

4.5

%

N/A

N/A

 FirstBank

$

2,097,291

16.12

%

$

585,324

4.5

%

$

845,468

6.5

%

Tier I Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,068,978

15.90

%

$

780,531

6.0

%

N/A

N/A

 FirstBank

$

2,197,291

16.89

%

$

780,432

6.0

%

$

1,040,576

8.0

%

Leverage ratio

 First BanCorp.

$

2,068,978

10.65

%

$

777,406

4.0

%

N/A

N/A

 FirstBank

$

2,197,291

11.31

%

$

777,103

4.0

%

$

971,379

5.0

%

As of December 31, 2023

Total Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,403,319

18.57

%

$

1,035,589

8.0

%

N/A

N/A

 FirstBank

$

2,376,003

18.36

%

$

1,035,406

8.0

%

$

1,294,257

10.0

%

CET1 Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,084,432

16.10

%

$

528,519

4.5

%

N/A

N/A

%

 FirstBank

$

2,113,995

16.33

%

$

582,416

4.5

%

$

841,267

6.5

%

Tier I Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,084,432

16.10

%

$

776,692

6.0

%

N/A

N/A

 FirstBank

$

2,213,995

17.11

%

$

776,554

6.0

%

$

1,035,406

8.0

%

Leverage ratio

 First BanCorp.

$

2,084,432

10.78

%

$

773,615

4.0

%

N/A

N/A

 FirstBank

$

2,213,995

11.45

%

$

773,345

4.0

%

$

966,682

5.0

%