Firstbank Puerto Rico Mortgage Rates, Fees & Info

San Juan,

LEI: 549300WWJ28EP3GZG107

Tax ID: 66-0183103

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Firstbank Puerto Rico is a smaller bank specializing in Home Purchase loans. Firstbank Puerto Rico has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: San Juan, Miami, Aguadilla, Arecibo, and Ponce among others. We have data for 18 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Firstbank Puerto Rico has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Firstbank Puerto Rico is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.30% 4/21/24
    30 Year Conventional Refi 6.23% 4/21/24
    30 Year Cash-out Refi 6.28% 4/21/24
    30 Year FHA Purchase 6.56% 4/21/24
    30 Year FHA Refi 6.41% 4/21/24
    30 Year VA Purchase 5.58% 4/21/24
    30 Year VA Refi 5.71% 4/21/24
    30 Year USDA Purchase 6.10% 4/21/24
    30 Year USDA Refi 5.69% 4/21/24
    15 Year Conventional Purchase 6.00% 4/21/24
    15 Year Conventional Refi 5.59% 4/21/24
    15 Year Cash-out Refi 5.59% 4/21/24
    15 Year FHA Purchase 6.87% 4/21/24
    15 Year FHA Refi 6.50% 4/21/24
    15 Year VA Purchase 6.28% 4/21/24
    15 Year VA Refi 5.51% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Firstbank Puerto Rico Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Firstbank Puerto Rico. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    3,017

    Origination Dollar Volume (All Markets)

    $494,585,000

    Employee count

    2,677 Show all (21) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    SAN JUAN-BAYAMÓN-CAGUAS, PR (FHA|USDA|VA) 1,865 $302,895,000 $162,410 $6,187 4.64%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 407 $108,205,000 $265,860 $4,606 5.17%
    AGUADILLA-ISABELA, PR (FHA|USDA|VA) 197 $23,795,000 $120,787 $5,693 4.32%
    Arecibo, PR (FHA|USDA|VA) 172 $18,810,000 $109,360 $5,239 4.32%
    PONCE, PR (FHA|USDA|VA) 144 $16,440,000 $114,167 $5,670 4.39%
    SAN GERMÁN, PR (FHA|USDA|VA) 65 $6,635,000 $102,077 $4,776 4.58%
    YAUCO, PR (FHA|USDA|VA) 48 $4,840,000 $100,833 $4,458 4.39%
    MAYAGÜEZ, PR (FHA|USDA|VA) 36 $3,480,000 $96,667 $5,261 4.60%
    Santa Isabel, PR (FHA|USDA|VA) 22 $2,410,000 $109,545 $6,101 3.77%
    Coamo, PR (FHA|USDA|VA) 19 $2,255,000 $118,684 $6,378 3.95%
    GUAYAMA, PR (FHA|USDA|VA) 27 $2,245,000 $83,148 $4,454 4.59%
    Coco, PR (FHA|USDA|VA) 7 $595,000 $85,000 $4,679 4.30%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $535,000 $535,000 $0 5.63%
    Key West, FL (FHA|USDA|VA) 1 $455,000 $455,000 $5,315 5.00%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $425,000 $425,000 $0 5.50%
    Outside of Metro Areas 3 $375,000 $125,000 $5,203 4.75%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.50%
    Jayuya, PR (FHA|USDA|VA) 1 $65,000 $65,000 $3,560 4.75%
    Firstbank Puerto Rico's top markets include San Juan, Miami, Aguadilla, Arecibo, and Ponce among others.

    Their top states include:
  • Puerto Rico (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against FIRSTBANK PUERTO RICO based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS
    Similarity Rank: 12
    COOPERATIVA DE AHORRO Y CREDITO DE CAMUY
    Similarity Rank: 24
    Cooperativa A/C Oriental
    Similarity Rank: 48
    COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC.
    Similarity Rank: 54
    Cooperativa de Ahorro y Credito de Rincon
    Similarity Rank: 66
    BANCO SANTANDER PUERTO RICO
    Similarity Rank: 90
    Cooperativa De Credito Y Ahorro San Jose
    Similarity Rank: 92
    Cooperativa A/C de Arecibo
    Similarity Rank: 108
    COOPERATIVA DE AHORRO Y CREDITO VEGA ALTA
    Similarity Rank: 111
    LATIN AMERICAN FINANCIAL CORPORATION
    Similarity Rank: 184

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,507 $302,175,000 $200,514 $5,245 5.18%
    FHA 924 $116,170,000 $125,725 $6,540 4.16%
    USDA 418 $47,510,000 $113,660 $5,351 4.02%
    VA 168 $28,730,000 $171,012 $7,151 4.04%

    For 2018, Firstbank Puerto Rico's most frequently originated type of loan was Conventional, with 1,507 originations. Their 2nd most popular type was FHA, with 924 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,504 $421,550,000 $168,351 $5,872 4.66%
    Refi 315 $46,455,000 $147,476 $5,869 4.52%
    Cash Out Refi 151 $19,975,000 $132,285 $4,699 4.62%
    Other 36 $5,290,000 $146,944 $5,261 4.81%
    Home Improvement 11 $1,315,000 $119,545 $5,487 4.72%

    For 2018, Firstbank Puerto Rico's most frequently cited loan purpose was Home Purchase, with 2,504 originations. The 2nd most popular reason was Refi, with 315 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,688 $446,230,000 $166,008 $5,872 4.66%
    15 Year 194 $22,700,000 $117,010 $5,300 4.34%
    20 Year 65 $7,385,000 $113,615 $4,864 4.74%
    Other 32 $3,420,000 $106,875 $4,401 4.13%
    10 Year 30 $8,800,000 $293,333 $4,354 4.72%
    30+ year 4 $3,900,000 $975,000 $15,155 5.75%
    5 Year 4 $2,150,000 $537,500 $0 6.53%

    For 2018, Firstbank Puerto Rico's most frequently cited loan duration was 30 Year, with 2,688 originations. The 2nd most popular length was 15 Year, with 194 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 880 $125,840,000 $143,000
    $<1k 845 $138,925,000 $164,408
    $2k-3k 462 $59,250,000 $128,247
    $3k-4k 271 $42,195,000 $155,701
    $5k+ 191 $58,415,000 $305,838
    $4k-5k 141 $25,175,000 $178,546

    Firstbank Puerto Rico's average total fees were $5,872, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 880 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 1,213 $188,365,000 $155,289
    5-6% 850 $163,340,000 $192,165
    3-4% 838 $115,260,000 $137,542
    6-7% 109 $26,465,000 $242,798
    2.5-3% 5 $545,000 $109,000
    7-8% 2 $610,000 $305,000

    During 2018, Firstbank Puerto Rico's average interest rate for loans was 4.66%, while their most frequently originated rate bucket for loans was 4-5%, with 1,213 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,321 $181,375,000 $137,301 $6,058 4.45%
    $100,000 or less 1,128 $81,650,000 $72,385 $3,887 4.73%
    $200k-400k 410 $111,210,000 $271,244 $8,317 4.79%
    $400k-600k 95 $43,845,000 $461,526 $9,769 5.14%
    $1MM+ 34 $53,820,000 $1,582,941 $16,225 5.38%
    $600k-1MM 29 $22,685,000 $782,241 $10,491 5.47%

    2018 saw Firstbank Puerto Rico place emphasis on $100k-200k loans with 1,321 originations, totaling $181,375,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 1,366 $131,450,000 $96,230 $4,891 4.40%
    $50k-75k 576 $78,380,000 $136,076 $5,935 4.62%
    $75k-100k 297 $48,235,000 $162,407 $6,371 4.85%
    $100k-150k 284 $56,540,000 $199,085 $6,768 4.96%
    $150k-250k 183 $47,505,000 $259,590 $7,236 5.18%
    $250k+ 130 $80,190,000 $616,846 $9,686 5.35%

    Firstbank Puerto Rico lent most frequently to those with incomes in the $50k or less range, with 1,366 originations. The second most popular income band? $50k-75k, with 576 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 590 $92,500,000 $156,780 $5,718 4.65%
    20-30% 531 $92,275,000 $173,776 $5,763 4.75%
    42% 198 $31,580,000 $159,495 $5,396 4.88%
    40% 163 $23,105,000 $141,748 $5,513 4.66%
    41% 154 $29,930,000 $194,351 $6,079 4.70%
    <20% 146 $30,390,000 $208,151 $5,701 4.73%
    39% 144 $26,050,000 $180,903 $5,814 4.82%
    37% 144 $25,590,000 $177,708 $5,791 4.78%
    38% 129 $18,565,000 $143,915 $5,294 4.74%
    36% 118 $20,480,000 $173,559 $5,611 4.79%
    44% 112 $14,400,000 $128,571 $5,731 4.46%
    49% 105 $16,275,000 $155,000 $6,968 4.38%
    43% 95 $14,415,000 $151,737 $6,069 4.46%
    46% 85 $12,155,000 $143,000 $6,400 4.31%
    45% 80 $10,700,000 $133,750 $5,990 4.29%
    48% 71 $8,895,000 $125,282 $5,971 4.29%
    47% 58 $7,770,000 $133,966 $6,114 4.30%
    50-60% 41 $5,615,000 $136,951 $7,396 4.23%
    >60% 6 $740,000 $123,333 $5,346 4.92%

    Firstbank Puerto Rico lent most frequently to those with DTI ratios of 30-36%, with 590 originations. The next most common DTI ratio? 20-30%, with 531 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,550 $407,950,000 $159,980 $5,840 4.62%
    Not provided 296 $50,710,000 $171,318 $5,433 4.72%
    Black 123 $15,355,000 $124,837 $5,104 4.83%
    Not applicable 24 $15,230,000 $634,583 $26,971 5.55%
    Asian 11 $3,485,000 $316,818 $8,533 5.27%
    American Indian 9 $1,195,000 $132,778 $6,449 4.29%
    Other Asian 3 $425,000 $141,667 $3,692 5.25%
    Native Hawaiian or Islander 1 $235,000 $235,000 $5,103 4.75%

    Approval Rates

    Total approvals of all applications
    85.95%

    Firstbank Puerto Rico has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.85%

    Firstbank Puerto Rico has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,017 $494,585,000 $163,933

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $4,775,000 $682,143
    Single Family (1-4 Units):Site-Built 3,010 $489,810,000 $162,728

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 43 $3,515,000 $81,744 $3,261 4.95%
    40-60% 194 $39,230,000 $202,216 $4,701 4.97%
    60-80% 723 $141,495,000 $195,705 $5,494 5.00%
    80-100% 1,948 $290,990,000 $149,379 $5,953 4.49%
    Over 100% 90 $17,190,000 $191,000 $8,100 4.50%
    Under 20% 4 $430,000 $107,500 $3,195 4.69%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    FIRSTBANK PUERTO RICO Conventional home mortgage Trouble during payment process 7 33.3%
    FIRSTBANK PUERTO RICO FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 4.8%
    FIRSTBANK PUERTO RICO FHA mortgage Struggling to pay mortgage 2 9.5%
    FIRSTBANK PUERTO RICO FHA mortgage Trouble during payment process 1 4.8%
    FIRSTBANK PUERTO RICO Other type of mortgage Trouble during payment process 2 9.5%
    FIRSTBANK PUERTO RICO Other type of mortgage Struggling to pay mortgage 1 4.8%
    FIRSTBANK PUERTO RICO Conventional home mortgage Closing on a mortgage 2 9.5%
    FIRSTBANK PUERTO RICO Conventional home mortgage Incorrect information on your report 1 4.8%
    FIRSTBANK PUERTO RICO Conventional home mortgage Struggling to pay mortgage 4 19.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    FirstBank Puerto Rico 2 Calle Ii Mayaguez, PR 680 Full Service B&M $131,237
    FirstBank Puerto Rico #181 Street, Km 3.7, Lot #180 Trujillo Alto, PR 976 Full Service B&M $83,875
    FirstBank Puerto Rico #392 Ave. De Diego Rio Piedras, PR 925 Full Service B&M $70,128
    FirstBank Puerto Rico #6a Strand Street Frederiksted, St. Croix Frederiksted, VI 840 Full Service B&M $36,612
    FirstBank Puerto Rico 1130 Munoz Rivera Avenue San Juan, PR 936 Full Service B&M $1,297
    FirstBank Puerto Rico 11a & 11b Curacao Gade Charlotte Amalie, VI 802 Full Service B&M $305,234
    FirstBank Puerto Rico 12-13 King Street Christiansted, VI 820 Full Service Retail $85,124
    FirstBank Puerto Rico 1325 W. 49th Street Hialeah, FL 33012 Full Service B&M $53,455
    FirstBank Puerto Rico 13730 Sw Kendall Drive Miami, FL 33193 Full Service B&M $79,421
    FirstBank Puerto Rico 1519 Ave Ponce De Leon Santurce, PR 909 Full Service B&M $1,953,013
    FirstBank Puerto Rico 204 South Flamingo Road Pembroke Pines, FL 33027 Full Service B&M $167,589
    FirstBank Puerto Rico 2990 Ponce De Leon Boulevard Coral Gables, FL 33134 Full Service B&M $185,779
    FirstBank Puerto Rico 33 Km 44.7 Quebrada Fajardo, PR 738 Full Service B&M $44,931
    FirstBank Puerto Rico 3897 Nw 107th Avenue Doral, FL 33178 Full Service B&M $55,211
    FirstBank Puerto Rico 4-5 Orange Grove Street Christiansted, VI 820 Full Service B&M $105,586
    FirstBank Puerto Rico 43-46 Norre Gade, Grand Galleria St Thomas, VI 802 Full Service B&M $86,196
    FirstBank Puerto Rico 701 Waterford Way, Bldg. 1, Suite 800 Miami, FL 33126 Full Service B&M $327,450
    FirstBank Puerto Rico 7220 West Atlantic Boulevard Margate, FL 33063 Full Service B&M $246,961
    FirstBank Puerto Rico 848 Brickell Ave Miami, FL 33131 Full Service B&M $26,667
    FirstBank Puerto Rico 9795 South Dixie Highway Pinecrest, FL 33156 Full Service B&M $46,261
    FirstBank Puerto Rico 9859 S.W. 40th Street Miami, FL 33165 Full Service B&M $143,638
    FirstBank Puerto Rico Ashford Ave 1476 Esq De Diego Condado, PR 907 Full Service B&M $99,665
    FirstBank Puerto Rico Ave. Ashford # 1161 Condado, PR 907 Full Service B&M $151,958
    FirstBank Puerto Rico Ave. Comerio Esq. Luis Pales Matos Toa Baja, PR 957 Full Service B&M $106,091
    FirstBank Puerto Rico Ave. Munoz Rivera # 876 Hyde Park Rio Piedras, PR 927 Full Service B&M $123,867
    FirstBank Puerto Rico B-5 Tabonuco Street, Urb Caparra Hills, San Patricio Guaynabo, PR 968 Full Service B&M $265,593
    FirstBank Puerto Rico Calle Marginal Road Km 38.0 Vega Baja, PR 693 Full Service B&M $46,755
    FirstBank Puerto Rico Carr Pr 53 Int Pr 156 Caguas, PR 725 Full Service B&M $122,387
    FirstBank Puerto Rico Carr. Estatal #3 Km 18.8 Canovanas, PR 729 Full Service B&M $46,112
    FirstBank Puerto Rico Cayey Shopping Center Cayey, PR 736 Full Service B&M $140,561
    FirstBank Puerto Rico Centro Del Sur Shopping, Suite 229 Ponce, PR 717 Full Service B&M $128,149
    FirstBank Puerto Rico Century Plaza, 1898-A West Hillsboro Boulevard Deerfield Beach, FL 33442 Full Service B&M $250,932
    FirstBank Puerto Rico Comerio Ave Plaza Del Parque Shop Ce Bayamon, PR 959 Full Service B&M $89,261
    FirstBank Puerto Rico Corner Of Nativo Alers & Pr-411 Aguada, PR 602 Full Service B&M $68,689
    FirstBank Puerto Rico Corner Of Roberto H. Todd Avenue And Aldea Street San Juan, PR 907 Full Service B&M $82,148
    FirstBank Puerto Rico De Diego Avenue #200 Rio Piedras, PR 921 Full Service B&M $118,264
    FirstBank Puerto Rico E-6 Zafiro Avenue Caguas, PR 725 Full Service B&M $148,267
    FirstBank Puerto Rico El Senorial Shopping Center Rio Piedras, PR 927 Full Service B&M $114,468
    FirstBank Puerto Rico El Trigal Plaza, State Road # 2 Manati, PR 674 Full Service B&M $87,645
    FirstBank Puerto Rico Estatal Pr 506 Ponce, PR 716 Full Service B&M $62,899
    FirstBank Puerto Rico Grand Boulevard Paseos Suite 107 San Juan, PR 926 Full Service B&M $80,693
    FirstBank Puerto Rico Isla Verde Ave Lots 71,73 And 75 Carolina, PR 979 Full Service B&M $82,508
    FirstBank Puerto Rico Kronprindsens Gade Suite 50, Gers Bldg. Charlotte Amalie, VI 802 Full Service B&M $76,465
    FirstBank Puerto Rico Lifetime Building, State Road #2 Hatillo, PR 659 Full Service B&M $115,841
    FirstBank Puerto Rico Mahi Mahi Shopping Village State Roa Dorado, PR 646 Full Service B&M $71,026
    FirstBank Puerto Rico Parque Escorial Mall Carolina, PR 985 Full Service B&M $67,726
    FirstBank Puerto Rico Plaza Aquarium Shop.Center, Carr.159 Toa Alta, PR 953 Full Service B&M $32,453
    FirstBank Puerto Rico Plaza Carolina Shopping Center 65th Carolina, PR 983 Full Service B&M $289,686
    FirstBank Puerto Rico Plaza Centro Mall Ave. Munoz Marin Caguas, PR 725 Full Service B&M $68,632
    FirstBank Puerto Rico Plaza Ferran Shop.Cter. Carr2 Km. 12.5 Aguadilla, PR 603 Full Service B&M $36,184
    FirstBank Puerto Rico Plaza Guaynabo, State Road#20,km.3.4 Guaynabo, PR 969 Full Service B&M $118,759
    FirstBank Puerto Rico Plaza Las Americas Shopping Center Hato Rey, PR 918 Full Service B&M $239,544
    FirstBank Puerto Rico Plaza Yauco, State Road #2 & Road 12 Yauco, PR 698 Full Service B&M $46,950
    FirstBank Puerto Rico Port Of Sales Mall 9100 Havenside Su Charlotte Amalie, VI 802 Full Service B&M $142,164
    FirstBank Puerto Rico Recinto Sur And Tanca Street, #300 San Juan, PR 901 Full Service B&M $146,300
    FirstBank Puerto Rico Rexville Town Center, Lot #3 S.R. 167, Km 0.6 Bayamon, PR 957 Full Service B&M $148,103
    FirstBank Puerto Rico Road No. 3 Km. 134.8 Guayama, PR 784 Full Service B&M $39,935
    FirstBank Puerto Rico Santa Rosa Shopping Center Bayamon, PR 959 Full Service B&M $51,253
    FirstBank Puerto Rico State Road # 167, Km. 1.3 Bayamon, PR 959 Full Service B&M $91,002
    FirstBank Puerto Rico State Road #111, Km 17.9, Bldg 4166 San Sebastian, PR 685 Full Service B&M $87,840
    FirstBank Puerto Rico State Road #2 Km.13.9 Hato Tejas Bayamon, PR 959 Full Service B&M $69,065
    FirstBank Puerto Rico State Road #2, 190.4 Intersection, Road #343 Mayaguez, PR 680 Full Service B&M $62,990
    FirstBank Puerto Rico State Road No. 100 Km. 7.3, Cabo Rojo Plaza Cabo Rojo, PR 623 Full Service B&M $55,235
    FirstBank Puerto Rico Suites 110 & 111 Parcel No. 17b Estate Smith Bay Charlotte Amalie, VI 802 Full Service B&M $32,623
    FirstBank Puerto Rico Sunny Isle Shopping Center Christiansted, VI 820 Full Service B&M $72,427
    FirstBank Puerto Rico The Marketplace, Unit #106 St John, VI 830 Full Service B&M $63,733
    FirstBank Puerto Rico Triumph Plaza Road #3 Km 83.6 Humacao, PR 792 Full Service B&M $138,598

    For 2018, Firstbank Puerto Rico had 67 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $624,822
    Net interest income $534,221
    Total noninterest income $70,406
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $21,308
    Trading account gains and fees $0
    Additional Noninterest Income $49,098
    Pre-tax net operating income $194,059
    Securities gains (or losses, -) $-95
    Income before extraordinary items $204,978
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $204,978
    Minority interest net income $0
    Net income $204,978
    Sale, conversion, retirement of capital stock, net $3,632
    Net operating income $205,073

    Firstbank Puerto Rico's gross interest income from loans was $624,822,000.
    Firstbank Puerto Rico's net interest income from loans was $534,221,000.
    Firstbank Puerto Rico's fee based income from loans was $21,308,000.
    Firstbank Puerto Rico's net income from loans was $204,978,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $90,601
    Provision for credit losses $59,253
    Total noninterest expense $351,315
    Salaries and employee benefits $154,279
    Premises and equipment expense $48,586
    Additional noninterest expense $148,450
    Applicable income taxes $-11,014
    Net charge-offs $95,542
    Cash dividends $37,784

    Firstbank Puerto Rico's interest expense for loans was $90,601,000.
    Firstbank Puerto Rico's payroll and benefits expense were $154,279,000.
    Firstbank Puerto Rico's property, plant and equipment expenses $48,586,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 5.0%
    Real Estate loans 7.0%
    Construction & Land Development loans 16.0%
    Nonfarm, nonresidential loans 5.0%
    Multifamily residential loans 2.0%
    1-4 family residential loans 9.0%
    HELOC loans 13.0%
    All other family 9.0%
    Commercial & industrial loans 2.0%
    Personal loans 0.0%
    Credit card loans 1.4%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 20.0%

    Deposits

    Type Value (in 000's)
    Total deposits $9,024,868
    Deposits held in domestic offices $8,801,490
    Deposits by Individuals, partnerships, and corporations $7,947,599
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $853,891
    Deposits by Commercial banks and other depository institutions in U.S. $0
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $3,665,583
    Demand deposits $2,352,397
    Nontransaction accounts $5,135,907
    Money market deposit accounts (MMDAs) $496,449
    Other savings deposits (excluding MMDAs) $1,743,196
    Total time deposits $2,896,263
    Total time and savings deposits $6,449,093
    Noninterest-bearing deposits $2,352,397
    Interest-bearing deposits $6,449,093
    Retail deposits $7,447,809
    IRAs and Keogh plan accounts $197,339
    Brokered deposits $706,684
    Deposits held in foreign offices $223,378

    Assets

    Asset Value (in 000's)
    Total Assets $12,232,012
    Cash & Balances due from depository institutions $579,329
    Interest-bearing balances $499,320
    Total securities $2,087,801
    Federal funds sold & reverse repurchase $0
    Net loans and leases $8,704,947
    Loan and leases loss allowance $187,071
    Trading account assets $0
    Bank premises and fixed assets $136,216
    Other real estate owned $131,402
    Goodwill and other intangibles $65,563
    All other assets $526,754

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $12,232,012
    Total Liabilities $10,052,351
    Total deposits $9,024,868
    Interest-bearing deposits $6,599,233
    Deposits held in domestic offices $8,801,490
    % insured (estimated) $69
    Federal funds purchased and repurchase agreements $150,086
    Trading liabilities $0
    Other borrowed funds $740,000
    Subordinated debt $0
    All other liabilities $137,397

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $8,704,947
    Loan and leases loss allowance $187,071
    Total loans and leases (domestic) $8,892,018
    All real estate loans $5,660,479
    Real estate loans in domestic offices $5,500,348
    Construction and development loans $81,175
    Residential 1-4 family construction $10,682
    Other construction, all land development and other land $70,493
    Loans secured by nonfarm nonresidential properties $2,195,320
    Nonfarm nonresidential secured by owner-occupied properties $829,885
    Commercial real estate & other non-farm, non-residential $1,365,435
    Multifamily residential real estate $80,066
    1-4 family residential loans $3,143,787
    Farmland loans $0
    Loans held in foreign offices $160,131
    Farm loans $0
    Commercial and industrial loans $832,724
    To non-U.S. addressees $2,610
    Loans to individuals $1,584,422
    Credit card loans $264,011
    Related Plans $11,092
    Consumer Auto Loans $941,199
    Other loans to individuals $368,120
    All other loans & leases $814,393
    Loans to foreign governments and official institutions $0
    Other loans $375,353
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $22,007
    Loans secured by real estate to non-U.S. addressees $160,131
    Restructured Loans & leases $484,871
    Non 1-4 family restructured loans & leases $206,237
    Total loans and leases (foreign) $170,260

    FIRSTBANK PUERTO RICO had $8,704,947,000 of loans outstanding in 2018. $5,660,479,000 of loans were in real estate loans. $81,175,000 of loans were in development loans. $80,066,000 of loans were in multifamily mortgage loans. $3,143,787,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $264,011,000 of loans were in credit card loans. $941,199,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 726 $162,523 $223,861
    Nonfarm, nonresidential loans - <$100k 119 $5,526 $46,437
    Nonfarm, nonresidential loans - $100-250k 249 $29,558 $118,707
    Nonfarm, nonresidential loans - $250k-1MM 358 $127,439 $355,975
    Commercial & Industrial, US addressed loans - <$1MM 999 $59,640 $59,700
    Commercial & Industrial, US addressed loans - <$100k 804 $12,841 $15,971
    Commercial & Industrial, US addressed loans - $100-250k 99 $11,935 $120,556
    Commercial & Industrial, US addressed loans - $250k-1MM 96 $34,864 $363,167