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Income Statement
FIRST BANCORP PR (FBP)
source: myfinsight.com
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Investment securities
$23,720,000
Loans
$242,573,000
Money market
investments and...
$11,897,000
Total interest and
dividend income
$278,190,000
Net interest income
$215,859,000
Card and processing
income
$11,880,000
Service charges and fees
on deposit...
$9,756,000
Mortgage banking
activities
$3,401,000
Insurance commission
income
$2,538,000
Other non-interest
income
$3,375,000
Total interest
expense
$62,331,000
Net interest income
after provision for...
$195,272,000
Total non-interest
income
$30,950,000
Provision for credit
losses - expense
$20,587,000
Debt securities
-$81,000
Deposits
$58,638,000
Long-term borrowings
$3,693,000
Income before income
taxes
$102,885,000
Total non-interest
expenses
$123,337,000
Net gain on oreo
operations
-$591,000
Loans and finance
leases
$20,381,000
Unfunded loan
commitments
$287,000
Net income
$80,180,000
Income tax expense
$22,705,000
Credit and debit card
processing expenses
$7,747,000
Communications
$2,208,000
Fdic deposit
insurance
$2,235,000
Employees' compensation
and benefits
$60,058,000
Business promotion
$3,495,000
Occupancy and equipment
$22,297,000
Other non-interest
expenses
$8,567,000
Professional service fees
$11,609,000
Taxes, other than
income taxes
$5,712,000
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