Firstbank of Puerto Rico

Firstbank of Puerto Rico is headquartered in Santurce and is the 2^nd largest bank in the state of PR. It is also the 88^th largest bank in the nation. It was established in 1949 and as of March of 2012, it had grown to 2,455 employees at 17 locations. Firstbank of Puerto Rico's savings rates are 35% higher than the national average, and it has a 3-star health rating.

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Data for Q1 2012

Institution Statistics Firstbank of Puerto Rico FDIC Certificate # 30387 BankRate Report View Year Established 1949 Employees 2455 Primary Regulator FDIC Assets and Liabilities Assets $13.07 billion Loans $9.86 billion Deposits $9.95 billion Equity Capital $1.61 billion Loan Loss Allowance $467.70 million Unbacked Noncurrent Loans $1.15 billion Real Estate Owned $135.91 million Historic Data - March 2011 Assets $15.09 billion Equity Capital $1.22 billion Loan Loss Allowance $538.43 million Unbacked Noncurrent Loans $1.29 billion Real Estate Owned $91.95 million Profit Margin - Quarterly Net Interest Margin 3.44% Return on Assets -0.33% Return on Equity -2.7% Interest Income $152.26 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Firstbank of Puerto Rico had $1.29 billion in non-current loans and owned real-estate with $2.07 billion in equity and loan loss allowances on hand to cover it. This gives Firstbank of Puerto Rico a Texas Ratio of 62.14% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Firstbank of Puerto Rico decreased slightly from 78.16% as of March 31, 2011 to 62.14% as of March 31, 2012, resulting in a positive change of 20.49%.This indicates that the balance sheet and financial strength for Firstbank of Puerto Rico has improved slightly in recent periods. Deposit Growth In the past year, Firstbank of Puerto Rico has decreased its total deposits by -$1.79 billion, resulting in -15.25% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Firstbank of Puerto Rico has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Firstbank of Puerto Rico has $13.07 billion in assets with $2.07 billion in equity, resulting in a capitalization level of 15.86%, which is excellent.

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