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 and Refi 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 22 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% 4/18/24
    30 Year Conventional Refi 6.23% 4/18/24
    30 Year Cash-out Refi 6.28% 4/18/24
    30 Year FHA Purchase 6.56% 4/18/24
    30 Year FHA Refi 6.41% 4/18/24
    30 Year VA Purchase 5.58% 4/18/24
    30 Year VA Refi 5.71% 4/18/24
    30 Year USDA Purchase 6.10% 4/18/24
    30 Year USDA Refi 5.69% 4/18/24
    15 Year Conventional Purchase 6.00% 4/18/24
    15 Year Conventional Refi 5.59% 4/18/24
    15 Year Cash-out Refi 5.59% 4/18/24
    15 Year FHA Purchase 6.87% 4/18/24
    15 Year FHA Refi 6.50% 4/18/24
    15 Year VA Purchase 6.28% 4/18/24
    15 Year VA Refi 5.51% 4/18/24
    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

    3,008

    Origination Dollar Volume (All Markets)

    $551,910,000

    Employee count

    3,328 Show all (22) 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) 1,887 $321,325,000 $170,284 $5,236 3.06%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 548 $150,960,000 $275,474 $4,962 3.56%
    AGUADILLA-ISABELA, PR (FHA|USDA|VA) 200 $29,170,000 $145,850 $4,730 2.97%
    Arecibo, PR (FHA|USDA|VA) 126 $15,600,000 $123,810 $4,338 3.02%
    PONCE, PR (FHA|USDA|VA) 90 $12,710,000 $141,222 $5,252 2.81%
    SAN GERMÁN, PR (FHA|USDA|VA) 48 $6,220,000 $129,583 $4,013 3.00%
    MAYAGÜEZ, PR (FHA|USDA|VA) 30 $3,930,000 $131,000 $4,608 3.25%
    YAUCO, PR (FHA|USDA|VA) 16 $2,640,000 $165,000 $4,430 2.89%
    GUAYAMA, PR (FHA|USDA|VA) 20 $1,970,000 $98,500 $3,639 2.78%
    Santa Isabel, PR (FHA|USDA|VA) 14 $1,360,000 $97,143 $3,925 2.85%
    Coamo, PR (FHA|USDA|VA) 13 $1,315,000 $101,154 $3,874 3.09%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $1,055,000 $1,055,000 $0 4.25%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $785,000 $261,667 $4,600 3.00%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $610,000 $305,000 $6,231 2.56%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $515,000 $515,000 $6,829 2.63%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $435,000 $435,000 $4,794 2.75%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $360,000 $180,000 $4,021 2.38%
    Outside of Metro Areas 1 $285,000 $285,000 $3,899 3.75%
    PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $3,031 2.88%
    Coco, PR (FHA|USDA|VA) 2 $230,000 $115,000 $4,964 2.81%
    Clewiston, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.50%
    Jayuya, PR (FHA|USDA|VA) 1 $75,000 $75,000 $2,621 2.75%
    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 DE AGUADA
    Similarity Rank: 14
    COOPERATIVA DE AHORRO Y CREDITO DE CAMUY
    Similarity Rank: 30
    COOPERATIVA DE AHORRO Y CREDITO DE MANATI INC.
    Similarity Rank: 42
    COOPERATIVA DE CREDITO LA SAGRADA FAMILIA
    Similarity Rank: 52
    Cooperativa De Credito Y Ahorro San Jose
    Similarity Rank: 69
    BANCO SANTANDER PUERTO RICO
    Similarity Rank: 90
    Cooperativa de Ahorro y Credito de Rincon
    Similarity Rank: 96
    CARIBE FEDERAL CREDIT UNION
    Similarity Rank: 96
    The Lending Center Corporation
    Similarity Rank: 132
    LATIN AMERICAN FINANCIAL CORPORATION
    Similarity Rank: 145

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,623 $346,295,000 $213,367 $5,015 3.30%
    FHA 763 $114,735,000 $150,374 $5,649 2.94%
    USDA 396 $49,200,000 $124,242 $4,222 2.95%
    VA 225 $41,175,000 $183,000 $4,852 2.87%
    Conventional 1 $505,000 $505,000 $0 0.00%

    For 2020, Firstbank Puerto Rico's most frequently originated type of loan was Conventional, with 1,623 originations. Their 2nd most popular type was FHA, with 763 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,892 $334,500,000 $176,797 $5,153 3.34%
    Refi 695 $124,965,000 $179,806 $5,016 2.69%
    Cash Out Refi 370 $85,450,000 $230,946 $4,802 2.93%
    Other 35 $4,735,000 $135,286 $3,805 3.35%
    Home Improvement 16 $2,260,000 $141,250 $4,872 3.02%

    For 2020, Firstbank Puerto Rico's most frequently cited loan purpose was Home Purchase, with 1,892 originations. The 2nd most popular reason was Refi, with 695 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,408 $445,930,000 $185,187 $5,114 3.26%
    15 Year 337 $58,065,000 $172,300 $4,927 2.49%
    20 Year 116 $20,200,000 $174,138 $4,803 2.80%
    Other 100 $18,320,000 $183,200 $4,705 2.85%
    10 Year 46 $9,310,000 $202,391 $4,626 2.65%
    3 Year 1 $85,000 $85,000 $0 8.25%

    For 2020, Firstbank Puerto Rico's most frequently cited loan duration was 30 Year, with 2,408 originations. The 2nd most popular length was 15 Year, with 337 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,592 $256,320,000 $161,005
    $1k-2k 751 $157,485,000 $209,700
    $2k-3k 302 $53,320,000 $176,556
    $3k-4k 101 $18,925,000 $187,376
    $5k+ 75 $24,805,000 $330,733
    $4k-5k 56 $13,890,000 $248,036

    Firstbank Puerto Rico's average total fees were $5,114, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,592 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,494 $276,480,000 $185,060
    3-4% 641 $109,235,000 $170,413
    <2.5% 440 $87,070,000 $197,886
    4-5% 322 $58,560,000 $181,863
    5-6% 104 $18,720,000 $180,000
    6-7% 3 $595,000 $198,333
    7-8% 1 $235,000 $235,000
    Over 8% 1 $85,000 $85,000

    During 2020, Firstbank Puerto Rico's average interest rate for loans was 3.26%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,494 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,389 $194,515,000 $140,040 $4,628 3.05%
    $200k-400k 714 $195,760,000 $274,174 $6,589 3.06%
    $100,000 or less 694 $54,090,000 $77,939 $3,365 3.38%
    $400k-600k 191 $90,045,000 $471,440 $8,195 3.01%
    $600k-1MM 16 $12,050,000 $753,125 $10,220 4.46%
    $1MM+ 4 $5,450,000 $1,362,500 $14,232 4.13%

    2020 saw Firstbank Puerto Rico place emphasis on $100k-200k loans with 1,389 originations, totaling $194,515,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 945 $102,295,000 $108,249 $4,205 3.11%
    $50k-75k 584 $93,190,000 $159,572 $5,040 3.10%
    $75k-100k 357 $73,685,000 $206,401 $5,497 3.18%
    $100k-150k 318 $78,040,000 $245,409 $5,886 3.11%
    $150k-250k 253 $77,855,000 $307,727 $6,431 3.35%
    $250k+ 143 $54,105,000 $378,357 $7,670 3.33%

    Firstbank Puerto Rico lent most frequently to those with incomes in the $50k or less range, with 945 originations. The second most popular income band? $50k-75k, with 584 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 518 $93,030,000 $179,595 $5,051 3.12%
    30-36% 508 $88,490,000 $174,193 $5,077 3.16%
    <20% 162 $31,560,000 $194,815 $5,110 3.04%
    42% 162 $32,700,000 $201,852 $4,956 3.48%
    38% 132 $24,640,000 $186,667 $5,115 3.33%
    41% 124 $23,930,000 $192,984 $5,171 3.48%
    44% 122 $22,490,000 $184,344 $4,960 3.00%
    43% 117 $23,885,000 $204,145 $5,421 2.99%
    40% 115 $19,055,000 $165,696 $4,956 3.16%
    36% 109 $19,445,000 $178,394 $4,885 3.18%
    39% 104 $21,770,000 $209,327 $5,234 3.32%
    37% 92 $16,090,000 $174,891 $4,543 3.34%
    49% 90 $17,880,000 $198,667 $5,385 2.95%
    45% 89 $15,895,000 $178,596 $5,096 3.13%
    46% 75 $15,095,000 $201,267 $5,803 2.95%
    48% 73 $14,135,000 $193,630 $5,484 2.95%
    47% 63 $11,665,000 $185,159 $5,724 2.99%
    50-60% 58 $9,580,000 $165,172 $6,002 2.99%
    Exempt% 1 $505,000 $505,000 $0 0.00%

    Firstbank Puerto Rico lent most frequently to those with DTI ratios of 20-30%, with 518 originations. The next most common DTI ratio? 30-36%, with 508 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,776 $512,910,000 $184,766 $5,099 3.12%
    Black 154 $20,070,000 $130,325 $4,449 3.26%
    Not provided 58 $10,800,000 $186,207 $4,907 3.05%
    Not applicable 11 $6,155,000 $559,545 $0 4.61%
    Asian 6 $1,440,000 $240,000 $5,138 3.69%
    Chinese 1 $305,000 $305,000 $3,960 2.63%
    American Indian 2 $230,000 $115,000 $3,553 2.75%

    Approval Rates

    Total approvals of all applications
    87.50%

    Firstbank Puerto Rico has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.48%

    Firstbank Puerto Rico has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 1 $505,000 $505,000
    NA 3,007 $551,405,000 $183,374

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $3,130,000 $782,500
    Single Family (1-4 Units):Site-Built 3,004 $548,780,000 $182,683

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 57 $8,695,000 $152,544 $3,922 2.98%
    40-60% 207 $43,325,000 $209,300 $4,765 3.05%
    60-80% 783 $161,775,000 $206,609 $4,977 3.19%
    80-100% 1,650 $287,940,000 $174,509 $5,262 3.17%
    Over 100% 22 $3,810,000 $173,182 $7,064 3.31%
    Under 20% 4 $1,050,000 $262,500 $4,369 3.94%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    FIRSTBANK PUERTO RICO Other type of mortgage Closing on a mortgage 1 5.0%
    FIRSTBANK PUERTO RICO FHA mortgage Struggling to pay mortgage 2 10.0%
    FIRSTBANK PUERTO RICO FHA mortgage Trouble during payment process 2 10.0%
    FIRSTBANK PUERTO RICO Other type of mortgage Incorrect information on your report 1 5.0%
    FIRSTBANK PUERTO RICO VA mortgage Struggling to pay mortgage 1 5.0%
    FIRSTBANK PUERTO RICO Other type of mortgage Struggling to pay mortgage 1 5.0%
    FIRSTBANK PUERTO RICO Conventional home mortgage Closing on a mortgage 2 10.0%
    FIRSTBANK PUERTO RICO Conventional home mortgage Struggling to pay mortgage 3 15.0%
    FIRSTBANK PUERTO RICO Conventional home mortgage Trouble during payment process 6 30.0%
    FIRSTBANK PUERTO RICO FHA mortgage Closing on a mortgage 1 5.0%

    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 $94,778
    Firstbank Puerto Rico #392 Ave. De Diego Rio Piedras, PR 925 Full Service B&M $76,432
    Firstbank Puerto Rico #6a Strand Street Frederiksted, St. Croix Frederiksted, VI 840 Full Service B&M $47,188
    Firstbank Puerto Rico 1130 Munoz Rivera Avenue San Juan, PR 936 Full Service B&M $1,719
    Firstbank Puerto Rico 11a & 11b Curacao Gade Charlotte Amalie, VI 802 Full Service B&M $405,907
    Firstbank Puerto Rico 12-13 King Street Christiansted, VI 820 Full Service Retail $87,459
    Firstbank Puerto Rico 1325 W. 49th Street Hialeah, FL 33012 Full Service B&M $74,429
    Firstbank Puerto Rico 1348 Miramar Ave. Suite 1, Hato Bajo Ward Arecibo, PR 612 Full Service B&M $141,064
    Firstbank Puerto Rico 13730 Sw Kendall Drive Miami, FL 33193 Full Service B&M $77,459
    Firstbank Puerto Rico 1519 Ave Ponce De Leon Santurce, PR 909 Full Service B&M $1,977,416
    Firstbank Puerto Rico 2 Calle Ii, Western Plaza Ii Road 2 Km 179.5 Mayaguez, PR 680 Full Service B&M $163,834
    Firstbank Puerto Rico 204 South Flamingo Road Pembroke Pines, FL 33027 Full Service B&M $145,022
    Firstbank Puerto Rico 2990 Ponce De Leon Boulevard Coral Gables, FL 33134 Full Service B&M $194,093
    Firstbank Puerto Rico 33 Km 44.7 Quebrada Fajardo, PR 738 Full Service B&M $72,487
    Firstbank Puerto Rico 3897 Nw 107th Avenue Doral, FL 33178 Full Service B&M $65,298
    Firstbank Puerto Rico 4-5 Orange Grove Street Christiansted, VI 820 Full Service B&M $108,888
    Firstbank Puerto Rico 43-46 Norre Gade, Grand Galleria St Thomas, VI 802 Full Service B&M $101,746
    Firstbank Puerto Rico 7220 West Atlantic Boulevard Margate, FL 33063 Full Service B&M $181,646
    Firstbank Puerto Rico 800 Waterford Way, Suite 800 Miami, FL 33126 Full Service B&M $505,761
    Firstbank Puerto Rico 848 Brickell Ave Miami, FL 33131 Full Service B&M $45,105
    Firstbank Puerto Rico 9795 South Dixie Highway Pinecrest, FL 33156 Full Service B&M $43,060
    Firstbank Puerto Rico 9859 S.W. 40th Street Miami, FL 33165 Full Service B&M $114,386
    Firstbank Puerto Rico Ashford Ave 1476 Esq De Diego Condado, PR 907 Full Service B&M $100,226
    Firstbank Puerto Rico Ave. Ashford # 1161 Condado, PR 907 Full Service B&M $368,448
    Firstbank Puerto Rico Ave. Comerio Esq. Luis Pales Matos Toa Baja, PR 957 Full Service B&M $120,665
    Firstbank Puerto Rico Ave. Munoz Rivera # 876 Hyde Park Rio Piedras, PR 927 Full Service B&M $166,337
    Firstbank Puerto Rico B-5 Tabonuco Street, Urb Caparra Hills, San Patricio Guaynabo, PR 968 Full Service B&M $283,613
    Firstbank Puerto Rico Calle Marginal Road Km 38.0 Vega Baja, PR 693 Full Service B&M $64,338
    Firstbank Puerto Rico Carr Pr 53 Int Pr 156 Caguas, PR 725 Full Service B&M $139,575
    Firstbank Puerto Rico Carr. Estatal #3 Km 18.8, Belz Factory Outlet World Canovanas, PR 729 Full Service B&M $60,252
    Firstbank Puerto Rico Cayey Shopping Center Cayey, PR 736 Full Service B&M $177,656
    Firstbank Puerto Rico Centro Del Sur Shopping, Suite 229 Ponce, PR 717 Full Service B&M $207,052
    Firstbank Puerto Rico Century Plaza, 1898-A West Hillsboro Boulevard Deerfield Beach, FL 33442 Full Service B&M $196,653
    Firstbank Puerto Rico Comerio Ave Plaza Del Parque Shop Ce Bayamon, PR 959 Full Service B&M $111,877
    Firstbank Puerto Rico Corner Of Nativo Alers & Pr-411 Aguada, PR 602 Full Service B&M $127,805
    Firstbank Puerto Rico Corner Of Roberto H. Todd Avenue And Aldea Street San Juan, PR 907 Full Service B&M $80,452
    Firstbank Puerto Rico De Diego Avenue #200 Rio Piedras, PR 921 Full Service B&M $132,194
    Firstbank Puerto Rico E-6 Zafiro Avenue Caguas, PR 725 Full Service B&M $185,818
    Firstbank Puerto Rico El Senorial Shopping Center Rio Piedras, PR 927 Full Service B&M $136,506
    Firstbank Puerto Rico El Trigal Plaza, State Road # 2 Manati, PR 674 Full Service B&M $126,989
    Firstbank Puerto Rico Estatal Pr 506, Avenida San Cristobal Ponce, PR 716 Full Service B&M $94,753
    Firstbank Puerto Rico Grand Boulevard Paseos Suite 107 San Juan, PR 926 Full Service B&M $104,354
    Firstbank Puerto Rico Isla Verde Ave Lots 71,73 And 75 Carolina, PR 979 Full Service B&M $104,565
    Firstbank Puerto Rico Kronprindsens Gade Suite 50, Gers Bldg. Charlotte Amalie, VI 802 Full Service B&M $75,276
    Firstbank Puerto Rico Mahi Mahi Shopping Village State Roa Dorado, PR 646 Full Service B&M $91,353
    Firstbank Puerto Rico Parque Escorial Mall Carolina, PR 985 Full Service B&M $82,733
    Firstbank Puerto Rico Plaza Aquarium Shop.Center, Carr.159 Toa Alta, PR 953 Full Service B&M $45,066
    Firstbank Puerto Rico Plaza Carolina Shopping Center 65th Carolina, PR 983 Full Service B&M $255,765
    Firstbank Puerto Rico Plaza Centro Mall Ave. Munoz Marin Caguas, PR 725 Full Service B&M $84,834
    Firstbank Puerto Rico Plaza Ferran Shop.Cter. Carr2 Km. 12.5 Aguadilla, PR 603 Full Service B&M $60,287
    Firstbank Puerto Rico Plaza Guaynabo, State Road#20,km.3.4 Guaynabo, PR 969 Full Service B&M $176,809
    Firstbank Puerto Rico Plaza Las Americas Shopping Center Hato Rey, PR 918 Full Service B&M $264,115
    Firstbank Puerto Rico Plaza Yauco, State Road #2 & Road 12, Locale 47/48 Yauco, PR 698 Full Service B&M $71,568
    Firstbank Puerto Rico Port Of Sales Mall 9100 Havenside Su Charlotte Amalie, VI 802 Full Service B&M $143,350
    Firstbank Puerto Rico Recinto Sur Street Esq Paseo Colon Local 9 San Juan, PR 901 Full Service B&M $193,218
    Firstbank Puerto Rico Rexville Town Center, Lot #3 S.R. 167, Km 0.6 Bayamon, PR 957 Full Service B&M $171,031
    Firstbank Puerto Rico Road No. 3 Km. 134.8 Guayama, PR 784 Full Service B&M $53,703
    Firstbank Puerto Rico Santa Rosa Shopping Center Bayamon, PR 959 Full Service B&M $70,471
    Firstbank Puerto Rico State Road # 167, Km. 1.3 Bayamon, PR 959 Full Service B&M $96,578
    Firstbank Puerto Rico State Road #111, Km 17.9, Bldg 4166 San Sebastian, PR 685 Full Service B&M $169,027
    Firstbank Puerto Rico State Road #2 Km.13.9 Hato Tejas Bayamon, PR 959 Full Service B&M $88,316
    Firstbank Puerto Rico State Road #2, 190.4 Intersection, Road #343 Mayaguez, PR 680 Full Service B&M $94,981
    Firstbank Puerto Rico State Road No. 100 Km. 7.3, Cabo Rojo Plaza Cabo Rojo, PR 623 Full Service B&M $80,732
    Firstbank Puerto Rico Suites 110 & 111 Parcel No. 17b Estate Smith Bay Charlotte Amalie, VI 802 Full Service B&M $32,724
    Firstbank Puerto Rico Sunny Isle Shopping Center, Unit 54 Christiansted, VI 820 Full Service B&M $79,831
    Firstbank Puerto Rico The Marketplace, Unit #106, 500 Estate Enighed St John, VI 830 Full Service B&M $64,410
    Firstbank Puerto Rico Triumph Plaza Road #3 Km 83.6, Rio Abajo Ward Humacao, PR 792 Full Service B&M $152,336

    For 2020, Firstbank Puerto Rico had 67 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $692,955
    Net interest income $606,492
    Total noninterest income $92,399
    Gross Fiduciary activities income $92
    Service charges on deposit accounts $24,268
    Trading account gains and fees $0
    Additional Noninterest Income $68,039
    Pre-tax net operating income $104,279
    Securities gains (or losses, -) $13,236
    Income before extraordinary items $105,873
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $105,873
    Minority interest net income $0
    Net income $105,873
    Sale, conversion, retirement of capital stock, net $5,022
    Net operating income $93,960

    Firstbank Puerto Rico's gross interest income from loans was $692,955,000.
    Firstbank Puerto Rico's net interest income from loans was $606,492,000.
    Firstbank Puerto Rico's fee based income from loans was $24,268,000.
    Firstbank Puerto Rico's net income from loans was $105,873,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $86,463
    Provision for credit losses $170,985
    Total noninterest expense $423,627
    Salaries and employee benefits $178,898
    Premises and equipment expense $59,246
    Additional noninterest expense $185,483
    Applicable income taxes $11,642
    Net charge-offs $43,703
    Cash dividends $52,707

    Firstbank Puerto Rico's interest expense for loans was $86,463,000.
    Firstbank Puerto Rico's payroll and benefits expense were $178,898,000.
    Firstbank Puerto Rico's property, plant and equipment expenses $59,246,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 4.0%
    Construction & Land Development loans 5.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 7.0%
    HELOC loans 13.0%
    All other family 7.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.5%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $15,372,421
    Deposits held in domestic offices $15,174,025
    Deposits by Individuals, partnerships, and corporations $12,933,744
    Deposits by U.S. Government $5,560
    Deposits by States and political subdivisions in the U.S. $1,862,775
    Deposits by Commercial banks and other depository institutions in U.S. $371,946
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $8,364,383
    Demand deposits $4,892,552
    Nontransaction accounts $6,809,642
    Money market deposit accounts (MMDAs) $640,791
    Other savings deposits (excluding MMDAs) $3,193,923
    Total time deposits $2,974,927
    Total time and savings deposits $10,281,473
    Noninterest-bearing deposits $4,480,638
    Interest-bearing deposits $10,693,387
    Retail deposits $13,731,686
    IRAs and Keogh plan accounts $210,605
    Brokered deposits $441,695
    Deposits held in foreign offices $198,396

    Assets

    Asset Value (in 000's)
    Total Assets $18,778,630
    Cash & Balances due from depository institutions $1,486,889
    Interest-bearing balances $1,375,949
    Total securities $4,829,136
    Federal funds sold & reverse repurchase $0
    Net loans and leases $11,441,691
    Loan and leases loss allowance $380,822
    Trading account assets $0
    Bank premises and fixed assets $240,560
    Other real estate owned $83,060
    Goodwill and other intangibles $112,278
    All other assets $585,016

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $18,778,630
    Total Liabilities $16,381,667
    Total deposits $15,372,421
    Interest-bearing deposits $10,827,161
    Deposits held in domestic offices $15,174,025
    % insured (estimated) $56
    Federal funds purchased and repurchase agreements $300,000
    Trading liabilities $0
    Other borrowed funds $450,686
    Subordinated debt $0
    All other liabilities $258,560

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $11,441,691
    Loan and leases loss allowance $380,822
    Total loans and leases (domestic) $11,822,513
    All real estate loans $7,028,919
    Real estate loans in domestic offices $6,889,163
    Construction and development loans $217,466
    Residential 1-4 family construction $21,245
    Other construction, all land development and other land $196,221
    Loans secured by nonfarm nonresidential properties $3,016,417
    Nonfarm nonresidential secured by owner-occupied properties $1,028,965
    Commercial real estate & other non-farm, non-residential $1,987,452
    Multifamily residential real estate $102,763
    1-4 family residential loans $3,552,517
    Farmland loans $0
    Loans held in foreign offices $139,756
    Farm loans $3,793
    Commercial and industrial loans $1,639,730
    To non-U.S. addressees $7,532
    Loans to individuals $2,121,073
    Credit card loans $319,824
    Related Plans $10,932
    Consumer Auto Loans $1,293,800
    Other loans to individuals $496,517
    All other loans & leases $1,028,998
    Loans to foreign governments and official institutions $0
    Other loans $302,645
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $139,756
    Restructured Loans & leases $400,449
    Non 1-4 family restructured loans & leases $134,243
    Total loans and leases (foreign) $151,046

    FIRSTBANK PUERTO RICO had $11,441,691,000 of loans outstanding in 2020. $7,028,919,000 of loans were in real estate loans. $217,466,000 of loans were in development loans. $102,763,000 of loans were in multifamily mortgage loans. $3,552,517,000 of loans were in 1-4 family mortgage loans. $3,793,000 of loans were in farm loans. $319,824,000 of loans were in credit card loans. $1,293,800,000 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 1,597 $262,533 $164,391
    Nonfarm, nonresidential loans - <$100k 456 $15,635 $34,287
    Nonfarm, nonresidential loans - $100-250k 645 $74,193 $115,028
    Nonfarm, nonresidential loans - $250k-1MM 496 $172,705 $348,196
    Commercial & Industrial, US addressed loans - <$1MM 8,908 $386,911 $43,434
    Commercial & Industrial, US addressed loans - <$100k 7,871 $154,440 $19,621
    Commercial & Industrial, US addressed loans - $100-250k 647 $84,542 $130,668
    Commercial & Industrial, US addressed loans - $250k-1MM 390 $147,929 $379,305
    Agriculture operations loans - <$1MM 5 $1,619 $323,800
    Agriculture operations loans - <$100k 1 $25 $25,000
    Agriculture operations loans - $100-250k 1 $142 $142,000
    Agriculture operations loans - $250k-1MM 3 $1,452 $484,000