Firstbank Puerto Rico Mortgage Rates, Fees & Info

San Juan,

LEI: 549300WWJ28EP3GZG107

Tax ID: 66-0183103

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Mortgage Data

Bank Data

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. Firstbank Puerto Rico has a low ratio of conventional loans. Their top markets by origination volume include: San Juan, Miami, Aguadilla, Arecibo, and Ponce among others. We have data for 15 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.30% 3/24/24
30 Year Conventional Refi 6.23% 3/24/24
30 Year Cash-out Refi 6.28% 3/24/24
30 Year FHA Purchase 6.56% 3/24/24
30 Year FHA Refi 6.41% 3/24/24
30 Year VA Purchase 5.58% 3/24/24
30 Year VA Refi 5.71% 3/24/24
30 Year USDA Purchase 6.10% 3/24/24
30 Year USDA Refi 5.69% 3/24/24
15 Year Conventional Purchase 6.00% 3/24/24
15 Year Conventional Refi 5.59% 3/24/24
15 Year Cash-out Refi 5.59% 3/24/24
15 Year FHA Purchase 6.87% 3/24/24
15 Year FHA Refi 6.50% 3/24/24
15 Year VA Purchase 6.28% 3/24/24
15 Year VA Refi 5.51% 3/24/24
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

2,971

Origination Dollar Volume (All Markets)

$495,075,000

Employee count

2,699 Show all (16) 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) 1,864 $301,340,000 $161,663 $5,894 4.05%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 383 $108,875,000 $284,269 $4,567 5.10%
AGUADILLA-ISABELA, PR (FHA|USDA|VA) 235 $29,835,000 $126,957 $5,113 3.86%
Arecibo, PR (FHA|USDA|VA) 159 $17,825,000 $112,107 $4,913 3.90%
PONCE, PR (FHA|USDA|VA) 119 $12,565,000 $105,588 $5,112 3.91%
SAN GERMÁN, PR (FHA|USDA|VA) 71 $9,145,000 $128,803 $5,072 4.12%
YAUCO, PR (FHA|USDA|VA) 32 $3,680,000 $115,000 $4,925 4.02%
MAYAGÜEZ, PR (FHA|USDA|VA) 36 $3,290,000 $91,389 $4,056 4.16%
GUAYAMA, PR (FHA|USDA|VA) 28 $2,280,000 $81,429 $3,725 4.24%
Coamo, PR (FHA|USDA|VA) 16 $1,920,000 $120,000 $4,668 3.91%
Santa Isabel, PR (FHA|USDA|VA) 18 $1,810,000 $100,556 $5,050 3.55%
Key West, FL (FHA|USDA|VA) 1 $865,000 $865,000 $8,772 5.50%
Outside of Metro Areas 2 $720,000 $360,000 $6,197 5.94%
Coco, PR (FHA|USDA|VA) 6 $670,000 $111,667 $4,964 3.81%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $255,000 $255,000 $8,176 4.00%
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.

    BANCO SANTANDER PUERTO RICO
    Similarity Rank: 184
    POWER FINANCIAL
    Similarity Rank: 188
    Cooperativa A/C Oriental
    Similarity Rank: 204

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,437 $281,585,000 $195,953 $4,991 4.71%
    FHA 970 $133,350,000 $137,474 $6,341 3.66%
    USDA 378 $44,840,000 $118,624 $4,777 3.61%
    VA 183 $33,465,000 $182,869 $6,226 3.53%
    Conventional 3 $1,835,000 $611,667 $0 0.00%

    For 2019, Firstbank Puerto Rico's most frequently originated type of loan was Conventional, with 1,437 originations. Their 2nd most popular type was FHA, with 970 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,533 $439,305,000 $173,433 $5,614 4.18%
    Cash Out Refi 192 $26,110,000 $135,990 $5,218 4.07%
    Refi 143 $19,675,000 $137,587 $5,205 3.73%
    Other 77 $7,575,000 $98,377 $4,009 4.06%
    Home Improvement 26 $2,410,000 $92,692 $3,784 4.59%

    For 2019, Firstbank Puerto Rico's most frequently cited loan purpose was Home Purchase, with 2,533 originations. The 2nd most popular reason was Cash Out Refi, with 192 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,629 $430,325,000 $163,684 $5,629 4.19%
    15 Year 203 $23,295,000 $114,754 $4,435 3.88%
    20 Year 58 $6,500,000 $112,069 $5,086 3.96%
    Other 47 $8,855,000 $188,404 $4,294 3.83%
    10 Year 31 $18,255,000 $588,871 $3,908 4.01%
    30+ year 2 $1,990,000 $995,000 $13,378 5.19%
    5 Year 1 $5,855,000 $5,855,000 $0 4.38%

    For 2019, Firstbank Puerto Rico's most frequently cited loan duration was 30 Year, with 2,629 originations. The 2nd most popular length was 15 Year, with 203 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,124 $174,860,000 $155,569
    $1k-2k 786 $117,500,000 $149,491
    $2k-3k 431 $57,795,000 $134,095
    $3k-4k 218 $37,900,000 $173,853
    $5k+ 144 $41,220,000 $286,250
    $4k-5k 102 $19,110,000 $187,353

    Firstbank Puerto Rico's average total fees were $5,629, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,124 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,344 $199,400,000 $148,363
    4-5% 685 $135,645,000 $198,022
    5-6% 559 $95,395,000 $170,653
    2.5-3% 288 $41,630,000 $144,549
    6-7% 80 $19,750,000 $246,875
    <2.5% 11 $1,185,000 $107,727

    During 2019, Firstbank Puerto Rico's average interest rate for loans was 4.19%, while their most frequently originated rate bucket for loans was 3-4%, with 1,344 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,325 $183,775,000 $138,698 $5,568 3.95%
    $100,000 or less 1,008 $75,410,000 $74,812 $3,667 4.32%
    $200k-400k 502 $135,650,000 $270,219 $8,022 4.19%
    $400k-600k 88 $40,390,000 $458,977 $7,923 4.51%
    $600k-1MM 31 $23,045,000 $743,387 $9,287 5.31%
    $1MM+ 17 $36,805,000 $2,165,000 $19,284 5.42%

    2019 saw Firstbank Puerto Rico place emphasis on $100k-200k loans with 1,325 originations, totaling $183,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 1,286 $129,230,000 $100,490 $4,564 3.90%
    $50k-75k 574 $81,320,000 $141,672 $5,688 4.09%
    $100k-150k 325 $67,425,000 $207,462 $6,252 4.46%
    $75k-100k 325 $59,755,000 $183,862 $6,868 4.22%
    $150k-250k 188 $51,290,000 $272,819 $6,701 4.71%
    $250k+ 112 $54,940,000 $490,536 $8,581 4.98%

    Firstbank Puerto Rico lent most frequently to those with incomes in the $50k or less range, with 1,286 originations. The second most popular income band? $50k-75k, with 574 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 582 $94,060,000 $161,615 $5,422 4.28%
    20-30% 502 $75,910,000 $151,215 $5,455 4.13%
    <20% 172 $26,460,000 $153,837 $4,909 4.31%
    42% 155 $25,725,000 $165,968 $5,103 4.53%
    39% 148 $25,800,000 $174,324 $5,092 4.29%
    40% 142 $19,150,000 $134,859 $5,123 4.21%
    41% 137 $24,435,000 $178,358 $5,788 4.31%
    37% 128 $23,380,000 $182,656 $5,675 4.26%
    44% 127 $18,705,000 $147,283 $5,808 3.81%
    38% 117 $18,555,000 $158,590 $5,194 4.25%
    43% 113 $18,335,000 $162,257 $5,788 3.94%
    45% 99 $15,045,000 $151,970 $5,122 4.01%
    36% 95 $14,905,000 $156,895 $5,544 4.40%
    46% 86 $13,790,000 $160,349 $6,282 3.77%
    48% 82 $14,160,000 $172,683 $6,773 4.04%
    49% 82 $13,630,000 $166,220 $6,040 3.75%
    50-60% 82 $12,480,000 $152,195 $6,622 3.60%
    47% 62 $9,930,000 $160,161 $6,299 3.93%
    Exempt% 3 $1,835,000 $611,667 $0 0.00%
    >60% 1 $175,000 $175,000 $4,423 6.63%

    Firstbank Puerto Rico lent most frequently to those with DTI ratios of 30-36%, with 582 originations. The next most common DTI ratio? 20-30%, with 502 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,736 $438,080,000 $160,117 $5,573 4.14%
    Not applicable 19 $25,345,000 $1,333,947 $0 5.27%
    Black 125 $15,555,000 $124,440 $4,690 4.20%
    Not provided 72 $10,570,000 $146,806 $4,431 4.36%
    Asian 17 $5,005,000 $294,412 $5,627 4.88%
    Other Pacific Islander 1 $405,000 $405,000 $12,453 5.88%
    Native Hawaiian or Islander 1 $115,000 $115,000 $5,930 3.00%

    Approval Rates

    Total approvals of all applications
    82.64%

    Firstbank Puerto Rico has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.89%

    Firstbank Puerto Rico has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 3 $1,835,000 $611,667
    NA 2,968 $493,240,000 $166,186

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 7 $15,655,000 $2,236,429
    Single Family (1-4 Units):Site-Built 2,964 $479,420,000 $161,748

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 52 $6,480,000 $124,615 $3,734 4.37%
    40-60% 184 $30,480,000 $165,652 $4,402 4.36%
    60-80% 656 $128,780,000 $196,311 $4,983 4.66%
    80-100% 1,994 $312,240,000 $156,590 $5,747 3.98%
    Over 100% 36 $8,790,000 $244,167 $9,600 4.17%
    Under 20% 2 $90,000 $45,000 $2,174 4.94%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    FIRSTBANK PUERTO RICO Conventional home mortgage Closing on a mortgage 2 8.3%
    FIRSTBANK PUERTO RICO VA mortgage Struggling to pay mortgage 1 4.2%
    FIRSTBANK PUERTO RICO Other type of mortgage Closing on a mortgage 1 4.2%
    FIRSTBANK PUERTO RICO FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 4.2%
    FIRSTBANK PUERTO RICO Conventional home mortgage Trouble during payment process 5 20.8%
    FIRSTBANK PUERTO RICO Conventional home mortgage Struggling to pay mortgage 9 37.5%
    FIRSTBANK PUERTO RICO FHA mortgage Trouble during payment process 4 16.7%
    FIRSTBANK PUERTO RICO FHA mortgage Struggling to pay mortgage 1 4.2%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    FirstBank Puerto Rico #181 Street, Km 3.7, Lot #180 Trujillo Alto, PR 976 Full Service B&M $79,724
    FirstBank Puerto Rico #392 Ave. De Diego Rio Piedras, PR 925 Full Service B&M $69,208
    FirstBank Puerto Rico #6a Strand Street Frederiksted, St. Croix Frederiksted, VI 840 Full Service B&M $40,598
    FirstBank Puerto Rico 1130 Munoz Rivera Avenue San Juan, PR 936 Full Service B&M $2,548
    FirstBank Puerto Rico 11a & 11b Curacao Gade Charlotte Amalie, VI 802 Full Service B&M $381,979
    FirstBank Puerto Rico 12-13 King Street Christiansted, VI 820 Full Service Retail $82,099
    FirstBank Puerto Rico 1325 W. 49th Street Hialeah, FL 33012 Full Service B&M $59,858
    FirstBank Puerto Rico 1348 Miramar Ave. Suite 1, Hato Bajo Ward Arecibo, PR 612 Full Service B&M $111,867
    FirstBank Puerto Rico 13730 Sw Kendall Drive Miami, FL 33193 Full Service B&M $73,722
    FirstBank Puerto Rico 1519 Ave Ponce De Leon Santurce, PR 909 Full Service B&M $1,581,829
    FirstBank Puerto Rico 2 Calle Ii, Western Plaza Ii Road 2 Km 179.5 Mayaguez, PR 680 Full Service B&M $138,965
    FirstBank Puerto Rico 204 South Flamingo Road Pembroke Pines, FL 33027 Full Service B&M $153,964
    FirstBank Puerto Rico 2990 Ponce De Leon Boulevard Coral Gables, FL 33134 Full Service B&M $192,023
    FirstBank Puerto Rico 33 Km 44.7 Quebrada Fajardo, PR 738 Full Service B&M $49,624
    FirstBank Puerto Rico 3897 Nw 107th Avenue Doral, FL 33178 Full Service B&M $57,840
    FirstBank Puerto Rico 4-5 Orange Grove Street Christiansted, VI 820 Full Service B&M $108,091
    FirstBank Puerto Rico 43-46 Norre Gade, Grand Galleria St Thomas, VI 802 Full Service B&M $76,628
    FirstBank Puerto Rico 7220 West Atlantic Boulevard Margate, FL 33063 Full Service B&M $200,586
    FirstBank Puerto Rico 800 Waterford Way, Suite 800 Miami, FL 33126 Full Service B&M $409,412
    FirstBank Puerto Rico 848 Brickell Ave Miami, FL 33131 Full Service B&M $30,601
    FirstBank Puerto Rico 9795 South Dixie Highway Pinecrest, FL 33156 Full Service B&M $45,338
    FirstBank Puerto Rico 9859 S.W. 40th Street Miami, FL 33165 Full Service B&M $117,380
    FirstBank Puerto Rico Ashford Ave 1476 Esq De Diego Condado, PR 907 Full Service B&M $87,784
    FirstBank Puerto Rico Ave. Ashford # 1161 Condado, PR 907 Full Service B&M $218,874
    FirstBank Puerto Rico Ave. Comerio Esq. Luis Pales Matos Toa Baja, PR 957 Full Service B&M $101,795
    FirstBank Puerto Rico Ave. Munoz Rivera # 876 Hyde Park Rio Piedras, PR 927 Full Service B&M $143,854
    FirstBank Puerto Rico B-5 Tabonuco Street, Urb Caparra Hills, San Patricio Guaynabo, PR 968 Full Service B&M $242,603
    FirstBank Puerto Rico Calle Marginal Road Km 38.0 Vega Baja, PR 693 Full Service B&M $50,852
    FirstBank Puerto Rico Carr Pr 53 Int Pr 156 Caguas, PR 725 Full Service B&M $119,328
    FirstBank Puerto Rico Carr. Estatal #3 Km 18.8, Belz Factory Outlet World Canovanas, PR 729 Full Service B&M $48,359
    FirstBank Puerto Rico Cayey Shopping Center Cayey, PR 736 Full Service B&M $155,737
    FirstBank Puerto Rico Centro Del Sur Shopping, Suite 229 Ponce, PR 717 Full Service B&M $141,589
    FirstBank Puerto Rico Century Plaza, 1898-A West Hillsboro Boulevard Deerfield Beach, FL 33442 Full Service B&M $218,014
    FirstBank Puerto Rico Comerio Ave Plaza Del Parque Shop Ce Bayamon, PR 959 Full Service B&M $92,010
    FirstBank Puerto Rico Corner Of Nativo Alers & Pr-411 Aguada, PR 602 Full Service B&M $77,972
    FirstBank Puerto Rico Corner Of Roberto H. Todd Avenue And Aldea Street San Juan, PR 907 Full Service B&M $79,972
    FirstBank Puerto Rico De Diego Avenue #200 Rio Piedras, PR 921 Full Service B&M $116,860
    FirstBank Puerto Rico E-6 Zafiro Avenue Caguas, PR 725 Full Service B&M $154,184
    FirstBank Puerto Rico El Senorial Shopping Center Rio Piedras, PR 927 Full Service B&M $120,806
    FirstBank Puerto Rico El Trigal Plaza, State Road # 2 Manati, PR 674 Full Service B&M $103,453
    FirstBank Puerto Rico Estatal Pr 506, Avenida San Cristobal Ponce, PR 716 Full Service B&M $69,288
    FirstBank Puerto Rico Grand Boulevard Paseos Suite 107 San Juan, PR 926 Full Service B&M $82,972
    FirstBank Puerto Rico Isla Verde Ave Lots 71,73 And 75 Carolina, PR 979 Full Service B&M $92,691
    FirstBank Puerto Rico Kronprindsens Gade Suite 50, Gers Bldg. Charlotte Amalie, VI 802 Full Service B&M $79,710
    FirstBank Puerto Rico Mahi Mahi Shopping Village State Roa Dorado, PR 646 Full Service B&M $77,495
    FirstBank Puerto Rico Parque Escorial Mall Carolina, PR 985 Full Service B&M $67,306
    FirstBank Puerto Rico Plaza Aquarium Shop.Center, Carr.159 Toa Alta, PR 953 Full Service B&M $33,885
    FirstBank Puerto Rico Plaza Carolina Shopping Center 65th Carolina, PR 983 Full Service B&M $319,943
    FirstBank Puerto Rico Plaza Centro Mall Ave. Munoz Marin Caguas, PR 725 Full Service B&M $71,589
    FirstBank Puerto Rico Plaza Ferran Shop.Cter. Carr2 Km. 12.5 Aguadilla, PR 603 Full Service B&M $43,198
    FirstBank Puerto Rico Plaza Guaynabo, State Road#20,km.3.4 Guaynabo, PR 969 Full Service B&M $152,146
    FirstBank Puerto Rico Plaza Las Americas Shopping Center Hato Rey, PR 918 Full Service B&M $228,999
    FirstBank Puerto Rico Plaza Yauco, State Road #2 & Road 12, Locale 47/48 Yauco, PR 698 Full Service B&M $52,495
    FirstBank Puerto Rico Port Of Sales Mall 9100 Havenside Su Charlotte Amalie, VI 802 Full Service B&M $136,226
    FirstBank Puerto Rico Recinto Sur Street Esq Paseo Colon Local 9 San Juan, PR 901 Full Service B&M $165,690
    FirstBank Puerto Rico Rexville Town Center, Lot #3 S.R. 167, Km 0.6 Bayamon, PR 957 Full Service B&M $148,094
    FirstBank Puerto Rico Road No. 3 Km. 134.8 Guayama, PR 784 Full Service B&M $43,654
    FirstBank Puerto Rico Santa Rosa Shopping Center Bayamon, PR 959 Full Service B&M $52,822
    FirstBank Puerto Rico State Road # 167, Km. 1.3 Bayamon, PR 959 Full Service B&M $123,696
    FirstBank Puerto Rico State Road #111, Km 17.9, Bldg 4166 San Sebastian, PR 685 Full Service B&M $95,581
    FirstBank Puerto Rico State Road #2 Km.13.9 Hato Tejas Bayamon, PR 959 Full Service B&M $68,121
    FirstBank Puerto Rico State Road #2, 190.4 Intersection, Road #343 Mayaguez, PR 680 Full Service B&M $70,127
    FirstBank Puerto Rico State Road No. 100 Km. 7.3, Cabo Rojo Plaza Cabo Rojo, PR 623 Full Service B&M $69,140
    FirstBank Puerto Rico Suites 110 & 111 Parcel No. 17b Estate Smith Bay Charlotte Amalie, VI 802 Full Service B&M $33,656
    FirstBank Puerto Rico Sunny Isle Shopping Center, Unit 54 Christiansted, VI 820 Full Service B&M $75,738
    FirstBank Puerto Rico The Marketplace, Unit #106, 500 Estate Enighed St John, VI 830 Full Service B&M $67,221
    FirstBank Puerto Rico Triumph Plaza Road #3 Km 83.6, Rio Abajo Ward Humacao, PR 792 Full Service B&M $147,126

    For 2019, Firstbank Puerto Rico had 67 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $675,692
    Net interest income $576,247
    Total noninterest income $78,431
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $23,520
    Trading account gains and fees $0
    Additional Noninterest Income $54,911
    Pre-tax net operating income $243,653
    Securities gains (or losses, -) $-497
    Income before extraordinary items $173,953
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $173,953
    Minority interest net income $0
    Net income $173,953
    Sale, conversion, retirement of capital stock, net $3,633
    Net operating income $174,345

    Firstbank Puerto Rico's gross interest income from loans was $675,692,000.
    Firstbank Puerto Rico's net interest income from loans was $576,247,000.
    Firstbank Puerto Rico's fee based income from loans was $23,520,000.
    Firstbank Puerto Rico's net income from loans was $173,953,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $99,445
    Provision for credit losses $40,225
    Total noninterest expense $370,800
    Salaries and employee benefits $160,220
    Premises and equipment expense $49,595
    Additional noninterest expense $160,985
    Applicable income taxes $69,203
    Net charge-offs $81,399
    Cash dividends $42,243

    Firstbank Puerto Rico's interest expense for loans was $99,445,000.
    Firstbank Puerto Rico's payroll and benefits expense were $160,220,000.
    Firstbank Puerto Rico's property, plant and equipment expenses $49,595,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 3.0%
    Real Estate loans 5.0%
    Construction & Land Development loans 8.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 8.0%
    HELOC loans 7.0%
    All other family 8.0%
    Commercial & industrial loans 1.0%
    Personal loans 0.0%
    Credit card loans 1.5%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 100.0%

    Deposits

    Type Value (in 000's)
    Total deposits $9,390,254
    Deposits held in domestic offices $9,167,365
    Deposits by Individuals, partnerships, and corporations $8,295,327
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $872,038
    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 $3,776,319
    Demand deposits $2,303,316
    Nontransaction accounts $5,391,046
    Money market deposit accounts (MMDAs) $450,567
    Other savings deposits (excluding MMDAs) $1,889,300
    Total time deposits $3,051,179
    Total time and savings deposits $6,864,049
    Noninterest-bearing deposits $2,303,316
    Interest-bearing deposits $6,864,049
    Retail deposits $7,812,012
    IRAs and Keogh plan accounts $198,934
    Brokered deposits $557,417
    Deposits held in foreign offices $222,889

    Assets

    Asset Value (in 000's)
    Total Assets $12,597,360
    Cash & Balances due from depository institutions $637,130
    Interest-bearing balances $565,248
    Total securities $2,263,628
    Federal funds sold & reverse repurchase $0
    Net loans and leases $8,886,544
    Loan and leases loss allowance $145,897
    Trading account assets $0
    Bank premises and fixed assets $199,347
    Other real estate owned $101,626
    Goodwill and other intangibles $61,963
    All other assets $447,122

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $12,597,360
    Total Liabilities $10,235,177
    Total deposits $9,390,254
    Interest-bearing deposits $7,023,277
    Deposits held in domestic offices $9,167,365
    % insured (estimated) $63
    Federal funds purchased and repurchase agreements $100,000
    Trading liabilities $0
    Other borrowed funds $570,000
    Subordinated debt $0
    All other liabilities $174,923

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $8,886,544
    Loan and leases loss allowance $145,897
    Total loans and leases (domestic) $9,032,441
    All real estate loans $5,272,076
    Real estate loans in domestic offices $5,122,115
    Construction and development loans $115,236
    Residential 1-4 family construction $8,582
    Other construction, all land development and other land $106,654
    Loans secured by nonfarm nonresidential properties $1,988,396
    Nonfarm nonresidential secured by owner-occupied properties $719,171
    Commercial real estate & other non-farm, non-residential $1,269,225
    Multifamily residential real estate $61,767
    1-4 family residential loans $2,956,716
    Farmland loans $0
    Loans held in foreign offices $149,961
    Farm loans $0
    Commercial and industrial loans $1,127,508
    To non-U.S. addressees $3,798
    Loans to individuals $1,846,040
    Credit card loans $292,288
    Related Plans $11,249
    Consumer Auto Loans $1,129,947
    Other loans to individuals $412,556
    All other loans & leases $786,817
    Loans to foreign governments and official institutions $0
    Other loans $259,830
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $4,236
    Loans secured by real estate to non-U.S. addressees $149,960
    Restructured Loans & leases $402,444
    Non 1-4 family restructured loans & leases $131,522
    Total loans and leases (foreign) $159,001

    FIRSTBANK PUERTO RICO had $8,886,544,000 of loans outstanding in 2019. $5,272,076,000 of loans were in real estate loans. $115,236,000 of loans were in development loans. $61,767,000 of loans were in multifamily mortgage loans. $2,956,716,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $292,288,000 of loans were in credit card loans. $1,129,947,000 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 646 $143,927 $222,797
    Nonfarm, nonresidential loans - <$100k 103 $5,018 $48,718
    Nonfarm, nonresidential loans - $100-250k 225 $27,054 $120,240
    Nonfarm, nonresidential loans - $250k-1MM 318 $111,855 $351,745
    Commercial & Industrial, US addressed loans - <$1MM 1,215 $67,943 $55,920
    Commercial & Industrial, US addressed loans - <$100k 997 $14,909 $14,954
    Commercial & Industrial, US addressed loans - $100-250k 101 $12,056 $119,366
    Commercial & Industrial, US addressed loans - $250k-1MM 117 $40,978 $350,239