REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2024

REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES [Abstract]

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 December 31, 2024

Total Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,404,581

18.02

%

$

1,067,380

8.0

%

N/A

N/A

 FirstBank

$

2,369,441

17.76

%

$

1,067,033

8.0

%

$

1,333,791

10.0

%

CET1 Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,177,748

16.32

%

$

600,401

4.5

%

N/A

N/A

 FirstBank

$

2,102,512

15.76

%

$

600,206

4.5

%

$

866,964

6.5

%

Tier I Capital (to Risk-Weighted Assets)

 First BanCorp.

$

2,177,748

16.32

%

$

800,535

6.0

%

N/A

N/A

 FirstBank

$

2,202,512

16.51

%

$

800,275

6.0

%

$

1,067,033

8.0

%

Leverage ratio

 First BanCorp.

$

2,177,748

11.07

%

$

786,937

4.0

%

N/A

N/A

 FirstBank

$

2,202,512

11.20

%

$

786,712

4.0

%

$

983,390

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

%

Summary of Commitments [Table Text Block]

The following table summarizes commitments to extend credit and standby letters of credit as of the indicated dates:

December 31,

2024

2023

(In thousands)

Financial instruments whose contract amounts represent credit risk:

 Commitments to extend credit:

 Construction undisbursed funds

$

283,302

$

234,974

 Unused credit card lines 

787,849

882,486

 Unused personal lines of credit 

37,140

38,956

 Commercial lines of credit 

1,053,938

862,963

 Letters of credit:

 Commercial letters of credit

41,738

69,543

 Standby letters of credit

24,635

8,313