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DEPOSITS
 9 Months Ended
Sep. 30, 2024
DEPOSITS [Abstract]  
DEPOSITS
NOTE 8 – DEPOSITS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following table summarizes deposit balances as of the indicated dates:
September 30, 2024
December 31, 2023
(In thousands)
Type of account:
Non-interest-bearing deposit accounts
$
5,275,733
$
5,404,121
Interest-bearing checking accounts
3,909,255
3,937,945
Interest-bearing saving accounts
3,575,093
3,596,855
Time deposits
3,067,261
2,833,730
Brokered certificates of deposits (“CDs”)
520,048
783,334
 
Total
$
16,347,390
$
16,555,985
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
The following
 
table presents
 
the remaining
 
contractual maturities
 
of time
 
deposits, including
 
brokered
 
CDs, as
 
of September
 
30,
2024:
Total
 
(In thousands)
Three months or less
$
1,089,421
Over three months to six months
774,943
Over six months to one year
902,524
Over one year to two years
 
526,478
Over two years to three years
 
82,095
Over three years to four years
 
119,118
Over four years to five years
 
70,914
Over five years
21,816
 
Total
$
3,587,309
Total
 
Puerto
 
Rico
 
and
 
U.S.
 
time
 
deposits
 
with
 
balances
 
of
 
more
 
than
 
$250,000
 
amounted
 
to
 
$
1.6
 
billion
 
and
 
$
1.4
 
billion
 
as
 
of
September 30, 2024
 
and December 31,
 
2023, respectively.
 
This amount does
 
not include brokered
 
CDs that are generally
 
participated
out by
 
brokers in
 
shares of
 
less than the
 
FDIC insurance
 
limit. As
 
of each
 
September 30,
 
2024 and
 
December 31,
 
2023, unamortized
broker
 
placement
 
fees
 
amounted
 
to
 
$
1.0
 
million,
 
which
 
are amortized
 
over
 
the
 
contractual
 
maturity
 
of
 
the
 
brokered
 
CDs
 
under
 
the
interest method.