v3.25.1
Deposits
 3 Months Ended
Mar. 31, 2025
Deposits [Abstract]  
Deposits
Note 14 – Deposits
Total deposits
 
as of the end of the periods presented consisted of:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
March 31, 2025
December 31, 2024
Savings accounts
$
14,637,131
$
14,224,271
NOW, money market and other interest bearing demand deposits
26,853,186
26,507,637
Total savings, NOW,
 
money market and other interest bearing demand deposits
41,490,317
40,731,908
Certificates of deposit:
Under $250,000
5,401,219
5,383,331
$250,000 and over
3,766,918
3,629,551
 
Total certificates of deposit
9,168,137
9,012,882
Total interest bearing deposits
$
50,658,454
$
49,744,790
Non- interest bearing deposits
$
15,160,801
$
15,139,555
Total deposits
$
65,819,255
$
64,884,345
A summary of certificates of deposits by maturity at March 31, 2025 follows:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
2025
$
5,427,988
2026
1,680,639
2027
711,573
2028
623,776
2029
460,676
2030 and thereafter
263,485
Total certificates of deposit
$
9,168,137
At March 31, 2025, the Corporation had brokered deposits amounting to $
1.6
 
billion (December 31, 2024 - $
1.6
 
billion).
The aggregate amount of overdrafts in demand deposit accounts that were
 
reclassified to loans was $
24.9
 
million at March 31, 2025
(December 31, 2024 - $
10.4
 
million).
At
 
March
 
31,
 
2025,
 
Puerto
 
Rico
 
government
 
deposits
 
amounted
 
to
 
$
19.6
 
billion.
 
Puerto
 
Rico
 
government
 
deposits
 
are
 
interest
bearing accounts, which are indexed to short-term market rates and fluctuate
 
in cost with changes in those rates, in accordance with
contractual terms.