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REGULATORY MATTERS, COMMITMENTS AND CONTINGENCIES (Tables)
3 Months Ended
Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]  
Corporations and its banking subsidiarys regulatory capital positions [Table Text Block]

The regulatory capital positions of the Corporation and FirstBank as of March 31, 2022 and December 31, 2021, which reflect the delay in the effect of CECL on regulatory capital, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk-Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

2,428,930

 

20.44%

 

$

950,603

 

8.0%

 

 

N/A

 

N/A

FirstBank

$

2,395,864

 

20.17%

 

$

950,418

 

8.0%

 

$

1,188,022

 

10.0%

CET1 Capital (to Risk-Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

2,103,970

 

17.71%

 

$

534,714

 

4.5%

 

 

N/A

 

N/A

FirstBank

$

2,149,154

 

18.09%

 

$

534,610

 

4.5%

 

$

772,214

 

6.5%

Tier I Capital (to Risk-Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

2,103,970

 

17.71%

 

$

712,952

 

6.0%

 

 

N/A

 

N/A

FirstBank

$

2,249,154

 

18.93%

 

$

712,813

 

6.0%

 

$

950,418

 

8.0%

Leverage ratio

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

2,103,970

 

10.35%

 

$

813,172

 

4.0%

 

 

N/A

 

N/A

FirstBank

$

2,249,154

 

11.07%

 

$

812,893

 

4.0%

 

$

1,016,117

 

5.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Capital (to Risk-Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

2,433,953

 

20.50%

 

$

949,637

 

8.0%

 

 

N/A

 

N/A

FirstBank

$

2,401,390

 

20.23%

 

$

949,556

 

8.0%

 

$

1,186,944

 

10.0%

CET1 Capital (to Risk-Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

2,112,630

 

17.80%

 

$

534,171

 

4.5%

 

 

N/A

 

N/A

FirstBank

$

2,150,317

 

18.12%

 

$

534,125

 

4.5%

 

$

771,514

 

6.5%

Tier I Capital (to Risk-Weighted Assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

2,112,630

 

17.80%

 

$

712,228

 

6.0%

 

 

N/A

 

N/A

FirstBank

$

2,258,317

 

19.03%

 

$

712,167

 

6.0%

 

$

949,556

 

8.0%

Leverage ratio

 

 

 

 

 

 

 

 

 

 

 

 

 

 

First BanCorp.

$

2,112,630

 

10.14%

 

$

833,091

 

4.0%

 

 

N/A

 

N/A

FirstBank

$

2,258,317

 

10.85%

 

$

832,773

 

4.0%

 

$

1,040,967

 

5.0%