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. Their top markets by origination volume include: San Juan, Miami, Aguadilla, Arecibo, and Ponce among others. We have data for 19 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% 4/28/24
    30 Year Conventional Refi 6.23% 4/28/24
    30 Year Cash-out Refi 6.28% 4/28/24
    30 Year FHA Purchase 6.56% 4/28/24
    30 Year FHA Refi 6.41% 4/28/24
    30 Year VA Purchase 5.58% 4/28/24
    30 Year VA Refi 5.71% 4/28/24
    30 Year USDA Purchase 6.10% 4/28/24
    30 Year USDA Refi 5.69% 4/28/24
    15 Year Conventional Purchase 6.00% 4/28/24
    15 Year Conventional Refi 5.59% 4/28/24
    15 Year Cash-out Refi 5.59% 4/28/24
    15 Year FHA Purchase 6.87% 4/28/24
    15 Year FHA Refi 6.50% 4/28/24
    15 Year VA Purchase 6.28% 4/28/24
    15 Year VA Refi 5.51% 4/28/24
    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

    3,327

    Origination Dollar Volume (All Markets)

    $653,465,000

    Employee count

    3,041 Show all (14) 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) 2,206 $409,210,000 $185,499 $6,199 2.89%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 418 $150,590,000 $360,263 $5,657 3.90%
    AGUADILLA-ISABELA, PR (FHA|USDA|VA) 263 $34,965,000 $132,947 $4,929 2.69%
    Arecibo, PR (FHA|USDA|VA) 143 $17,115,000 $119,685 $4,908 2.63%
    PONCE, PR (FHA|USDA|VA) 104 $14,800,000 $142,308 $5,481 2.94%
    SAN GERMÁN, PR (FHA|USDA|VA) 67 $9,215,000 $137,537 $5,520 2.92%
    MAYAGÜEZ, PR (FHA|USDA|VA) 28 $3,550,000 $126,786 $5,102 3.23%
    YAUCO, PR (FHA|USDA|VA) 23 $3,145,000 $136,739 $5,882 2.76%
    Coamo, PR (FHA|USDA|VA) 16 $2,250,000 $140,625 $6,118 2.70%
    GUAYAMA, PR (FHA|USDA|VA) 19 $1,975,000 $103,947 $4,659 2.75%
    Key West, FL (FHA|USDA|VA) 3 $1,455,000 $485,000 $5,761 2.88%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 6 $1,450,000 $241,667 $4,817 2.98%
    Santa Isabel, PR (FHA|USDA|VA) 12 $1,400,000 $116,667 $4,974 2.46%
    Coco, PR (FHA|USDA|VA) 9 $655,000 $72,778 $3,995 2.64%
    Outside of Metro Areas 3 $635,000 $211,667 $5,780 3.38%
    Jayuya, PR (FHA|USDA|VA) 4 $430,000 $107,500 $5,407 2.50%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 1 $315,000 $315,000 $5,450 3.38%
    PUNTA GORDA, FL (FHA|USDA|VA) 1 $185,000 $185,000 $0 3.38%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $125,000 $125,000 $0 3.38%
    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 Jesus Obrero
    Similarity Rank: 25
    COOPERATIVA DE AHORRO Y CREDITO LAS PIEDRAS
    Similarity Rank: 27
    COOPERATIVA DE AHORRO Y CREDITO DE CAMUY
    Similarity Rank: 48
    COOPERATIVA DE AHORRO Y CREDITO DE CABO ROJO
    Similarity Rank: 50
    COOPERATIVA DE AHORRO Y CREDITO DE ISABELA
    Similarity Rank: 55
    COOPERATIVA DE CREDITO LA SAGRADA FAMILIA
    Similarity Rank: 56
    COOPERATIVA DE AHORRO Y CREDITO DE AGUADA
    Similarity Rank: 60
    COOPERATIVA DE AHORRO Y CREDITO DR. MANUEL ZENO GANDIA
    Similarity Rank: 72
    COOPERATIVA DE AHORRO Y CREDITO ROOSEVELT ROADS
    Similarity Rank: 96
    Cooperativa De Credito Y Ahorro San Jose
    Similarity Rank: 150

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,248 $489,730,000 $217,851 $5,840 3.14%
    FHA 632 $96,390,000 $152,516 $6,602 2.70%
    USDA 290 $36,740,000 $126,690 $4,733 2.67%
    VA 157 $30,605,000 $194,936 $6,127 2.58%

    For 2021, Firstbank Puerto Rico's most frequently originated type of loan was Conventional, with 2,248 originations. Their 2nd most popular type was FHA, with 632 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,771 $370,575,000 $209,246 $5,741 3.29%
    Refi 1,144 $209,360,000 $183,007 $6,155 2.53%
    Cash Out Refi 328 $60,440,000 $184,268 $6,063 2.91%
    Other 62 $8,260,000 $133,226 $5,082 3.19%
    Home Improvement 22 $4,830,000 $219,545 $5,669 3.20%

    For 2021, Firstbank Puerto Rico's most frequently cited loan purpose was Home Purchase, with 1,771 originations. The 2nd most popular reason was Refi, with 1,144 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,295 $448,885,000 $195,593 $5,862 3.21%
    15 Year 671 $109,855,000 $163,718 $6,186 2.32%
    20 Year 166 $26,710,000 $160,904 $5,644 2.78%
    Other 109 $16,595,000 $152,248 $5,403 2.72%
    10 Year 84 $50,120,000 $596,667 $5,814 2.85%
    30+ year 1 $1,215,000 $1,215,000 $18,629 3.50%
    5 Year 1 $85,000 $85,000 $0 7.50%

    For 2021, Firstbank Puerto Rico's most frequently cited loan duration was 30 Year, with 2,295 originations. The 2nd most popular length was 15 Year, with 671 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,075 $191,305,000 $177,958
    $1k-2k 773 $139,495,000 $180,459
    $2k-3k 515 $78,155,000 $151,757
    $3k-4k 331 $53,705,000 $162,251
    $5k+ 246 $73,480,000 $298,699
    $4k-5k 175 $36,835,000 $210,486

    Firstbank Puerto Rico's average total fees were $5,862, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,075 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,215 $210,465,000 $173,222
    <2.5% 1,058 $169,310,000 $160,028
    3-4% 514 $143,580,000 $279,339
    4-5% 487 $114,715,000 $235,554
    5-6% 48 $14,320,000 $298,333
    7-8% 2 $140,000 $70,000
    Over 8% 2 $830,000 $415,000
    6-7% 1 $105,000 $105,000

    During 2021, Firstbank Puerto Rico's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,215 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 1,564 $219,060,000 $140,064 $5,384 2.87%
    $100,000 or less 864 $67,430,000 $78,044 $3,738 3.02%
    $200k-400k 642 $177,520,000 $276,511 $8,311 3.03%
    $400k-600k 190 $91,390,000 $481,000 $10,459 3.11%
    $600k-1MM 35 $26,405,000 $754,429 $8,441 4.74%
    $1MM+ 32 $71,660,000 $2,239,375 $14,717 4.34%

    2021 saw Firstbank Puerto Rico place emphasis on $100k-200k loans with 1,564 originations, totaling $219,060,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 1,076 $113,930,000 $105,883 $4,605 2.83%
    $50k-75k 662 $99,590,000 $150,438 $5,672 2.88%
    $75k-100k 414 $80,390,000 $194,179 $6,405 3.06%
    $100k-150k 408 $95,370,000 $233,750 $7,271 3.08%
    $150k-250k 267 $78,565,000 $294,251 $8,181 3.22%
    $250k+ 166 $89,360,000 $538,313 $9,678 3.58%

    Firstbank Puerto Rico lent most frequently to those with incomes in the $50k or less range, with 1,076 originations. The second most popular income band? $50k-75k, with 662 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 648 $121,100,000 $186,883 $5,654 2.96%
    30-36% 593 $111,965,000 $188,811 $6,062 3.05%
    <20% 248 $49,240,000 $198,548 $6,186 2.85%
    42% 165 $35,415,000 $214,636 $5,835 3.42%
    39% 140 $27,360,000 $195,429 $6,268 3.26%
    36% 123 $23,385,000 $190,122 $6,172 3.16%
    38% 123 $23,865,000 $194,024 $5,873 3.07%
    44% 121 $21,965,000 $181,529 $6,495 2.90%
    40% 120 $20,420,000 $170,167 $5,487 3.11%
    37% 118 $20,620,000 $174,746 $5,589 3.19%
    41% 115 $18,365,000 $159,696 $5,556 3.22%
    43% 105 $17,755,000 $169,095 $5,770 2.86%
    45% 105 $17,705,000 $168,619 $6,271 2.81%
    49% 100 $22,790,000 $227,900 $6,974 2.68%
    47% 80 $15,390,000 $192,375 $6,573 2.69%
    46% 78 $13,820,000 $177,179 $6,637 2.64%
    48% 77 $14,675,000 $190,584 $6,278 2.63%
    50-60% 32 $5,310,000 $165,938 $6,309 2.72%

    Firstbank Puerto Rico lent most frequently to those with DTI ratios of 20-30%, with 648 originations. The next most common DTI ratio? 30-36%, with 593 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,056 $565,430,000 $185,023 $5,936 2.95%
    Not applicable 22 $43,650,000 $1,984,091 $0 5.22%
    Black 175 $24,395,000 $139,400 $5,396 3.17%
    Not provided 50 $14,530,000 $290,600 $5,991 3.39%
    Asian 9 $2,475,000 $275,000 $5,912 4.13%
    Other Asian 3 $1,325,000 $441,667 $5,966 3.67%
    American Indian 9 $1,035,000 $115,000 $4,081 3.04%
    Asian Indian 1 $415,000 $415,000 $16,336 3.13%
    Native Hawaiian or Islander 2 $210,000 $105,000 $5,514 4.25%

    Approval Rates

    Total approvals of all applications
    83.76%

    Firstbank Puerto Rico has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    73.61%

    Firstbank Puerto Rico has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,327 $653,465,000 $196,413

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,327 $653,465,000 $196,413

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 81 $17,735,000 $218,951 $6,015 3.11%
    40-60% 307 $68,495,000 $223,111 $5,381 2.86%
    60-80% 1,140 $250,640,000 $219,860 $5,994 3.10%
    80-100% 1,565 $282,165,000 $180,297 $6,087 2.96%
    Over 100% 20 $5,590,000 $279,500 $8,255 3.78%
    Under 20% 3 $555,000 $185,000 $7,586 2.83%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    FIRSTBANK PUERTO RICO FHA mortgage Struggling to pay mortgage 1 3.8%
    FIRSTBANK PUERTO RICO Other type of mortgage Trouble during payment process 1 3.8%
    FIRSTBANK PUERTO RICO VA mortgage Closing on a mortgage 1 3.8%
    FIRSTBANK PUERTO RICO VA mortgage Struggling to pay mortgage 1 3.8%
    FIRSTBANK PUERTO RICO VA mortgage Trouble during payment process 2 7.7%
    FIRSTBANK PUERTO RICO Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 3 11.5%
    FIRSTBANK PUERTO RICO Conventional home mortgage Closing on a mortgage 3 11.5%
    FIRSTBANK PUERTO RICO Conventional home mortgage Struggling to pay mortgage 3 11.5%
    FIRSTBANK PUERTO RICO Conventional home mortgage Trouble during payment process 10 38.5%
    FIRSTBANK PUERTO RICO FHA mortgage Trouble during payment process 1 3.8%

    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 $118,787
    Firstbank Puerto Rico #392 Ave. De Diego Rio Piedras, PR 925 Full Service B&M $79,346
    Firstbank Puerto Rico #6a Strand Street Frederiksted, St. Croix Frederiksted, VI 840 Full Service B&M $41,613
    Firstbank Puerto Rico 1130 Munoz Rivera Avenue San Juan, PR 936 Full Service B&M $1,392
    Firstbank Puerto Rico 11a & 11b Curacao Gade Charlotte Amalie, VI 802 Full Service B&M $1,304,561
    Firstbank Puerto Rico 1300 Jesus T. Pinero Avenue San Juan, PR 920 Full Service B&M $135,954
    Firstbank Puerto Rico 521 Jose Cedeno Avenue Arecibo, PR 612 Full Service B&M $97,871
    Firstbank Puerto Rico 1325 W. 49th Street Hialeah, FL 33012 Full Service B&M $79,882
    Firstbank Puerto Rico 1348 Miramar Ave. Suite 1, Hato Bajo Ward Arecibo, PR 612 Full Service B&M $184,591
    Firstbank Puerto Rico 13730 Sw Kendall Drive Miami, FL 33193 Full Service B&M $80,782
    Firstbank Puerto Rico 1519 Ave Ponce De Leon Santurce, PR 909 Full Service B&M $3,615,627
    Firstbank Puerto Rico 2 Calle Ii, Western Plaza Ii Road 2 Km 179.5 Mayaguez, PR 680 Full Service B&M $184,289
    Firstbank Puerto Rico 204 South Flamingo Road Pembroke Pines, FL 33027 Full Service B&M $138,072
    Firstbank Puerto Rico 207 Ave Ponce De Leon San Juan, PR 917 Full Service B&M $27,873
    Firstbank Puerto Rico 207 Ave Ponce De Leon San Juan, PR 917 Full Service B&M $547,585
    Firstbank Puerto Rico 2990 Ponce De Leon Boulevard Coral Gables, FL 33134 Full Service B&M $213,057
    Firstbank Puerto Rico 33 Km 44.7 Quebrada Fajardo, PR 738 Full Service B&M $93,387
    Firstbank Puerto Rico 3897 Nw 107th Avenue Doral, FL 33178 Full Service B&M $84,972
    Firstbank Puerto Rico 4-5 Orange Grove Street Christiansted, VI 820 Full Service B&M $190,080
    Firstbank Puerto Rico 65th Infantry Avenue 13th Street San Juan, PR 926 Full Service B&M $75,391
    Firstbank Puerto Rico 7 Calle Tabonuco, Santander Tower, Ph, B Guaynabo, PR 968 Full Service B&M $0
    Firstbank Puerto Rico 7220 West Atlantic Boulevard Margate, FL 33063 Full Service B&M $152,570
    Firstbank Puerto Rico 800 Waterford Way, Suite 800 Miami, FL 33126 Full Service B&M $713,163
    Firstbank Puerto Rico 848 Brickell Ave Miami, FL 33131 Full Service B&M $65,039
    Firstbank Puerto Rico 9795 South Dixie Highway Pinecrest, FL 33156 Full Service B&M $34,190
    Firstbank Puerto Rico 9859 S.W. 40th Street Miami, FL 33165 Full Service B&M $110,838
    Firstbank Puerto Rico Ashford Ave 1476 Esq De Diego Condado, PR 907 Full Service B&M $159,229
    Firstbank Puerto Rico Ave. Ashford # 1161 Condado, PR 907 Full Service B&M $685,312
    Firstbank Puerto Rico Ave. Comerio Esq. Luis Pales Matos Toa Baja, PR 957 Full Service B&M $130,411
    Firstbank Puerto Rico Ave. Munoz Rivera # 876 Hyde Park Rio Piedras, PR 927 Full Service B&M $272,532
    Firstbank Puerto Rico B-5 Tabonuco Street, Urb Caparra Hills, San Patricio Guaynabo, PR 968 Full Service B&M $376,019
    Firstbank Puerto Rico Bayamon Oeste Shopping Center Bayamon, PR 985 Full Service B&M $261,605
    Firstbank Puerto Rico Bo. San Anton, Carretera Num. 3 Carolina, PR 984 Full Service B&M $49,134
    Firstbank Puerto Rico Calle Marginal Road Km 38.0 Vega Baja, PR 693 Full Service B&M $69,734
    Firstbank Puerto Rico Calle Tabonuco B-4, Local 8, T-Mobile Center Guaynabo, PR 968 Full Service B&M $193,553
    Firstbank Puerto Rico Carolina Shopping Center Carolina, PR 982 Full Service B&M $86,316
    Firstbank Puerto Rico Carr Pr 53 Int Pr 156 Caguas, PR 725 Full Service B&M $250,085
    Firstbank Puerto Rico Carr. Estatal #3 Km 18.8, Belz Factory Outlet World Canovanas, PR 729 Full Service B&M $68,085
    Firstbank Puerto Rico Cayey Shopping Center Cayey, PR 736 Full Service B&M $202,657
    Firstbank Puerto Rico Centro Comercial Los Dominicos Levittown, PR 949 Full Service B&M $45,166
    Firstbank Puerto Rico Centro Commercial Del Montehiedra Town Center, Avenida Los Romeros #941 Rio Piedras, PR 926 Full Service B&M $42,426
    Firstbank Puerto Rico Centro Del Sur Shopping, Suite 229 Ponce, PR 717 Full Service B&M $207,889
    Firstbank Puerto Rico Century Plaza, 1898-A West Hillsboro Boulevard Deerfield Beach, FL 33442 Full Service B&M $176,339
    Firstbank Puerto Rico Comerio Ave Plaza Del Parque Shop Ce Bayamon, PR 959 Full Service B&M $146,123
    Firstbank Puerto Rico Corner Of Nativo Alers & Pr-411 Aguada, PR 602 Full Service B&M $222,024
    Firstbank Puerto Rico Corner Of Roberto H. Todd Avenue And Aldea Street San Juan, PR 907 Full Service B&M $93,193
    Firstbank Puerto Rico De Diego Avenue #200 Rio Piedras, PR 921 Full Service B&M $144,976
    Firstbank Puerto Rico E-6 Zafiro Avenue Caguas, PR 725 Full Service B&M $223,910
    Firstbank Puerto Rico El Senorial Shopping Center Rio Piedras, PR 927 Full Service B&M $142,898
    Firstbank Puerto Rico El Trigal Plaza, State Road # 2 Manati, PR 674 Full Service B&M $161,779
    Firstbank Puerto Rico Estatal Pr 506, Avenida San Cristobal Ponce, PR 716 Full Service B&M $116,591
    Firstbank Puerto Rico Gautier Benitez Avenue 179 Caguas, PR 725 Full Service B&M $159,333
    Firstbank Puerto Rico Grand Boulevard Paseos Suite 107 San Juan, PR 926 Full Service B&M $118,775
    Firstbank Puerto Rico Isla Verde Ave Lots 71,73 And 75 Carolina, PR 979 Full Service B&M $128,789
    Firstbank Puerto Rico Kronprindsens Gade Suite 50, Gers Bldg. Charlotte Amalie, VI 802 Full Service B&M $35,826
    Firstbank Puerto Rico Loiza And San Jorge Street Santurce, PR 911 Full Service B&M $213,694
    Firstbank Puerto Rico Lot #3, Barrio Montellano, Carretera Numero 1 Cayey, PR 736 Full Service B&M $72,094
    Firstbank Puerto Rico Mahi Mahi Shopping Village State Roa Dorado, PR 646 Full Service B&M $120,845
    Firstbank Puerto Rico Mayaguez Mall Shopping Ctr Mayaguez, PR 680 Full Service B&M $104,750
    Firstbank Puerto Rico Mendez Vigo And Las Nereidas Streets Mayaguez, PR 682 Full Service B&M $66,966
    Firstbank Puerto Rico Parque Escorial Mall Carolina, PR 985 Full Service B&M $106,660
    Firstbank Puerto Rico Plaza Aquarium Shop.Center, Carr.159 Toa Alta, PR 953 Full Service B&M $51,642
    Firstbank Puerto Rico Plaza Carolina Shopping Center 65th Carolina, PR 983 Full Service B&M $327,471
    Firstbank Puerto Rico Plaza Del Caribe Mall, State Road #1 Ponce, PR 731 Full Service B&M $381,583
    Firstbank Puerto Rico Plaza Del Sol Shopping Center Avenid Bayamon, PR 961 Full Service B&M $42,628
    Firstbank Puerto Rico Plaza Ferran Shop.Cter. Carr2 Km. 12.5 Aguadilla, PR 603 Full Service B&M $81,522
    Firstbank Puerto Rico Plaza Guaynabo, State Road#20,km.3.4 Guaynabo, PR 969 Full Service B&M $235,618
    Firstbank Puerto Rico Plaza Las Americas Shopping Center Hato Rey, PR 918 Full Service B&M $279,426
    Firstbank Puerto Rico Plaza Las Americas Shopping Center San Juan, PR 913 Full Service B&M $166,789
    Firstbank Puerto Rico Plaza Palma Real Shopping Center, P.R. 3 And P.R. 53, Bo. Rio Abajo Humacao, PR 791 Full Service B&M $97,792
    Firstbank Puerto Rico Plaza Walmart State Road #3 Km. 134.7 Guayama, PR 784 Full Service B&M $61,017
    Firstbank Puerto Rico Plaza Yauco, State Road #2 & Road 12, Locale 47/48 Yauco, PR 698 Full Service B&M $98,697
    Firstbank Puerto Rico Plazoleta Las Cumbres Guaynabo, PR 969 Full Service B&M $112,755
    Firstbank Puerto Rico Port Of Sales Mall 9100 Havenside Su Charlotte Amalie, VI 802 Full Service B&M $151,377
    Firstbank Puerto Rico Recinto Sur Street Esq Paseo Colon Local 9 San Juan, PR 901 Full Service B&M $255,560
    Firstbank Puerto Rico Rexville Town Center, Lot #3 S.R. 167, Km 0.6 Bayamon, PR 957 Full Service B&M $194,526
    Firstbank Puerto Rico Road #2, Kilometer 37.5 Bo Caribe & State Road Number 688 Vega Baja, PR 693 Full Service B&M $120,404
    Firstbank Puerto Rico Ruiz Belvis And Miramar Streets San Sebastian, PR 685 Full Service B&M $96,305
    Firstbank Puerto Rico San Carlos Avenue And Betances St. Aguadilla, PR 603 Full Service B&M $82,612
    Firstbank Puerto Rico Santa Rosa Shopping Center Bayamon, PR 959 Full Service B&M $79,789
    Firstbank Puerto Rico State Road # 167, Km. 1.3 Bayamon, PR 959 Full Service B&M $148,181
    Firstbank Puerto Rico State Road #111, Km 17.9, Bldg 4166 San Sebastian, PR 685 Full Service B&M $162,126
    Firstbank Puerto Rico State Road #2 Km.13.9 Hato Tejas Bayamon, PR 959 Full Service B&M $98,649
    Firstbank Puerto Rico State Road #2, 190.4 Intersection, Road #343 Mayaguez, PR 680 Full Service B&M $106,018
    Firstbank Puerto Rico State Road No. 100 Km. 7.3, Cabo Rojo Plaza Cabo Rojo, PR 623 Full Service B&M $89,842
    Firstbank Puerto Rico Sunny Isle Shopping Center, Unit 54 Christiansted, VI 820 Full Service B&M $84,715
    Firstbank Puerto Rico The Marketplace, Unit #106, 500 Estate Enighed St John, VI 830 Full Service B&M $85,757
    Firstbank Puerto Rico Triumph Plaza Road #3 Km 83.6, Rio Abajo Ward Humacao, PR 792 Full Service B&M $209,414

    For 2021, Firstbank Puerto Rico had 88 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $794,702
    Net interest income $734,961
    Total noninterest income $119,183
    Gross Fiduciary activities income $148
    Service charges on deposit accounts $34,921
    Trading account gains and fees $0
    Additional Noninterest Income $84,114
    Pre-tax net operating income $426,397
    Securities gains (or losses, -) $-102
    Income before extraordinary items $282,529
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $282,529
    Minority interest net income $0
    Net income $282,529
    Sale, conversion, retirement of capital stock, net $-194,689
    Net operating income $282,609

    Firstbank Puerto Rico's gross interest income from loans was $794,702,000.
    Firstbank Puerto Rico's net interest income from loans was $734,961,000.
    Firstbank Puerto Rico's fee based income from loans was $34,921,000.
    Firstbank Puerto Rico's net income from loans was $282,529,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $59,741
    Provision for credit losses $-65,698
    Total noninterest expense $493,445
    Salaries and employee benefits $202,874
    Premises and equipment expense $77,762
    Additional noninterest expense $212,809
    Applicable income taxes $143,766
    Net charge-offs $50,073
    Cash dividends $98,059

    Firstbank Puerto Rico's interest expense for loans was $59,741,000.
    Firstbank Puerto Rico's payroll and benefits expense were $202,874,000.
    Firstbank Puerto Rico's property, plant and equipment expenses $77,762,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 2.0%
    Real Estate loans 3.0%
    Construction & Land Development loans 1.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 1.0%
    1-4 family residential loans 4.0%
    HELOC loans 9.0%
    All other family 4.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 1.0%
    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 $17,821,274
    Deposits held in domestic offices $17,616,535
    Deposits by Individuals, partnerships, and corporations $14,054,847
    Deposits by U.S. Government $7,121
    Deposits by States and political subdivisions in the U.S. $3,068,104
    Deposits by Commercial banks and other depository institutions in U.S. $486,463
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $10,856,866
    Demand deposits $6,956,855
    Nontransaction accounts $6,759,669
    Money market deposit accounts (MMDAs) $702,686
    Other savings deposits (excluding MMDAs) $3,574,721
    Total time deposits $2,482,262
    Total time and savings deposits $10,659,680
    Noninterest-bearing deposits $6,956,855
    Interest-bearing deposits $10,659,680
    Retail deposits $16,278,381
    IRAs and Keogh plan accounts $203,623
    Brokered deposits $347,946
    Deposits held in foreign offices $204,739

    Assets

    Asset Value (in 000's)
    Total Assets $20,778,081
    Cash & Balances due from depository institutions $2,542,333
    Interest-bearing balances $2,461,991
    Total securities $6,628,700
    Federal funds sold & reverse repurchase $0
    Net loans and leases $10,826,783
    Loan and leases loss allowance $269,030
    Trading account assets $0
    Bank premises and fixed assets $216,711
    Other real estate owned $40,848
    Goodwill and other intangibles $99,366
    All other assets $423,340

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $20,778,081
    Total Liabilities $18,530,792
    Total deposits $17,821,274
    Interest-bearing deposits $10,795,359
    Deposits held in domestic offices $17,616,535
    % insured (estimated) $51
    Federal funds purchased and repurchase agreements $300,000
    Trading liabilities $0
    Other borrowed funds $207,221
    Subordinated debt $0
    All other liabilities $202,297

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $10,826,783
    Loan and leases loss allowance $269,030
    Total loans and leases (domestic) $11,095,813
    All real estate loans $6,264,201
    Real estate loans in domestic offices $6,130,249
    Construction and development loans $149,435
    Residential 1-4 family construction $15,549
    Other construction, all land development and other land $133,886
    Loans secured by nonfarm nonresidential properties $2,837,981
    Nonfarm nonresidential secured by owner-occupied properties $940,197
    Commercial real estate & other non-farm, non-residential $1,897,784
    Multifamily residential real estate $132,881
    1-4 family residential loans $3,006,303
    Farmland loans $3,649
    Loans held in foreign offices $133,952
    Farm loans $3,477
    Commercial and industrial loans $1,457,026
    To non-U.S. addressees $5,859
    Loans to individuals $2,304,561
    Credit card loans $290,226
    Related Plans $8,718
    Consumer Auto Loans $1,571,542
    Other loans to individuals $434,075
    All other loans & leases $1,066,548
    Loans to foreign governments and official institutions $0
    Other loans $287,328
    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 $133,951
    Restructured Loans & leases $385,365
    Non 1-4 family restructured loans & leases $124,334
    Total loans and leases (foreign) $142,679

    FIRSTBANK PUERTO RICO had $10,826,783,000 of loans outstanding in 2021. $6,264,201,000 of loans were in real estate loans. $149,435,000 of loans were in development loans. $132,881,000 of loans were in multifamily mortgage loans. $3,006,303,000 of loans were in 1-4 family mortgage loans. $3,477,000 of loans were in farm loans. $290,226,000 of loans were in credit card loans. $1,571,542,000 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 1,329 $224,383 $168,836
    Nonfarm, nonresidential loans - <$100k 363 $13,094 $36,072
    Nonfarm, nonresidential loans - $100-250k 539 $60,457 $112,165
    Nonfarm, nonresidential loans - $250k-1MM 427 $150,832 $353,237
    Commercial & Industrial, US addressed loans - <$1MM 7,139 $217,647 $30,487
    Commercial & Industrial, US addressed loans - <$100k 6,534 $87,919 $13,456
    Commercial & Industrial, US addressed loans - $100-250k 356 $45,677 $128,306
    Commercial & Industrial, US addressed loans - $250k-1MM 249 $84,051 $337,554
    Agriculture operations loans - <$1MM 3 $336 $112,000
    Agriculture operations loans - <$100k 1 $9 $9,000
    Agriculture operations loans - $100-250k 1 $84 $84,000
    Agriculture operations loans - $250k-1MM 1 $243 $243,000