OTHER BORROWINGS (Tables)

6 Months Ended

Jun. 30, 2022

Subordinated Borrowings [Abstract]

Components of Other Borrowings [Table Text Block]

Other borrowings, as of the indicated dates, consisted of:

		June 30,		December 31,
		2022		2021
(In thousands)
Floating rate junior subordinated debentures (FBP Statutory Trust I) (1)		$	65,205	$	65,205
Floating rate junior subordinated debentures (FBP Statutory Trust II) (2)			118,557		118,557
		$	183,762	$	183,762
(1)	Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.75% over 3-month LIBOR (4.78% as of June 30, 2022 and 2.97% as of December 31, 2021).
(2)	Amount represents junior subordinated interest-bearing debentures due in 2034 with a floating interest rate of 2.50% over 3-month LIBOR (4.60% as of June 30, 2022 and 2.71% as of December 31, 2021).