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FIRST BANCORP. (Holding Company Only) Financial Information (Tables)
9 Months Ended
Sep. 30, 2018
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Statements of Financial Condition

The following condensed financial information presents the financial position of the Holding Company only as of September 30, 2018 and December 31, 2017 and the results of its operations for the quarters and nine-month periods ended September 30, 2018 and 2017.

Statements of Financial Condition
As of September 30, As of December 31,
20182017
(In thousands)
Assets
Cash and due from banks$20,940$20,864
Money market investments6,1116,111
Other investment securities285285
Loans held for investment, net-191
Investment in FirstBank Puerto Rico, at equity2,062,9082,028,641
Investment in FirstBank Insurance Agency, at equity16,73812,400
Investment in FBP Statutory Trust I1,9632,698
Investment in FBP Statutory Trust II3,5613,561
Other assets2,3293,799
Total assets$2,114,835$2,078,550
Liabilities and Stockholdersʼ Equity
Liabilities:
Other borrowings $184,150$208,635
Accounts payable and other liabilities3,270818
Total liabilities187,420209,453
Stockholdersʼ equity1,927,4151,869,097
Total liabilities and stockholdersʼ equity$2,114,835$2,078,550
Statements of Income (Loss)
Statements of Income (Loss)
Quarter EndedNine-Month Period Ended
September 30, September 30,
2018201720182017
(In thousands)(In thousands)
Income:
Interest income on money market investments$5$5$15$15
Interest income on loans105-105-
Dividend income from banking subsidiary2,9001,80028,2845,400
Dividend income from non-banking subsidiaries-3,000-3,000
Other income7068203195
3,0804,87328,6078,610
Expense:
Other borrowings2,3152,1396,6356,166
Other operating expenses6248141,8512,480
2,9392,9538,4868,646
Gain on early extinguishment of debt-1,3912,3161,391
Income before income taxes and equity
in undistributed earnings (losses) of subsidiaries1413,31122,4371,355
Income tax expense-(45)-(45)
Equity in undistributed earnings (losses) of subsidiaries36,182(14,018)78,06641,477
Net income (loss)$36,323$(10,752)$100,503$42,787
Other Comprehensive (loss) income, net of tax(10,780)3,719(42,272)23,480
Comprehensive income (loss)$25,543$(7,033)$58,231$66,267