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MONEY MARKET INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2024
MONEY MARKET INVESTMENTS [Abstract]  
Schedule of Money Market Investments [Table Text Block]
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31,
2024
2023
(Dollars in thousands)
Time deposits with other financial institutions
(1)
$
500
$
300
Overnight deposits with other financial institutions
(2)
200
439
Other short-term investments
(3)
500
500
$
1,200
$
1,239
(1)
Consists of time deposits segregated for compliance with the Puerto
 
Rico International Banking Law.
 
Interest rate of
1.05
% as of each of December 31, 2024 and 2023, respectively.
(2)
Weighted-average interest rate
 
of
4.33
% and
5.33
% as of December 31, 2024 and 2023, respectively.
(3)
Weighted-average interest rate
 
of
1.39
% and
2.47
% as of December 31, 2024 and 2023, respectively.