# BANCO SANTANDER PUERTO RICO
SAN JUAN, PR · FDIC certificate 20828 · asset band $1-10B · latest filing 2020-06 · stopped filing (departed)

**Verdict on the desk:** this could be *liquidity-rich*. Composite score 1 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $5.99B | |
| Deposits | $4.86B | |
| Loans and leases | $2.74B | |
| Total equity | $1.01B | |
| Loans / deposits | 53.27% (p5 of band) | 87.07% |
| Liquid assets / assets | 53.41% (p95 of band) | |
| Uninsured deposits / deposits | 34.28% (p62 of band) | 28.71% |
| Brokered deposits | 1.05% | |
| Wholesale funding | 1.14% (p17 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 18.20% (p98 of band) | 9.64% |
| Unrealized securities loss / equity | 1.76% (p41 of band) | 2.50% |
| AOCI / equity | 0.96% (p42 of band) | |
| ROA (annualized) | 0.54% (p20 of band) | 0.94% |
| Net interest margin | 3.01% (p24 of band) | 3.46% |
| Efficiency ratio | 68.44% (p74 of band) | |
| Noncurrent loans | 1.44% (p89 of band) | 0.53% |
| Net charge-offs (annualized) | 0.39% (p95 of band) | |
| Reserve coverage of noncurrent | 370.64% | |
| Real estate % of loans | 73% | |
| Construction % of loans | 0.00% (p2 of band) | |
| Auto loans | $0 (0.00% of loans; DQ –, NCO 0.00%) | |
| Loans to nondepository financials | $32.5M (3% of equity) (p86 of band) | |
| Deposits YoY | -3.5% | |
| Employees | 931 | |

## Flags firing in the latest filing

- **charge-offs p90** (`aq_nco`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 7 | loans exceed deposits, uninsured deposits >50%, wholesale funding >15%, run vulnerability, losing money, charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 5 |  | losing money, charge-offs p90 |
| 2011-09 | 5 | charge-offs p90 | wholesale funding >15% |
| 2011-12 | 5 | liquid assets <10% | charge-offs p90 |
| 2012-03 | 2 | charge-offs p90 | loans exceed deposits, uninsured deposits >50%, run vulnerability, liquid assets <10% |
| 2012-06 | 2 | uninsured deposits leaving | charge-offs p90 |
| 2012-09 | 1 |  | uninsured deposits leaving |
| 2012-12 | 1 |  |  |
| 2013-03 | 2 | charge-offs p90 |  |
| 2013-06 | 2 |  |  |
| 2013-09 | 5 | uninsured deposits >50%, run vulnerability, assets shrinking |  |
| 2013-12 | 6 | noncurrent p90 |  |
| 2014-03 | 5 | deposits shrinking | uninsured deposits >50%, run vulnerability |
| 2014-06 | 5 |  |  |
| 2014-09 | 6 | uninsured deposits leaving |  |
| 2014-12 | 6 |  |  |
| 2015-03 | 6 |  |  |
| 2015-06 | 6 |  |  |
| 2015-09 | 5 |  | uninsured deposits leaving |
| 2015-12 | 3 |  | assets shrinking, deposits shrinking |
| 2016-03 | 3 |  |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 3 |  |  |
| 2016-12 | 3 |  |  |
| 2017-03 | 3 |  |  |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 4 | losing money |  |
| 2018-03 | 3 |  | losing money |
| 2018-06 | 5 | deposits shrinking, uninsured deposits leaving |  |
| 2018-09 | 3 |  | deposits shrinking, uninsured deposits leaving |
| 2018-12 | 3 |  |  |
| 2019-03 | 3 |  |  |
| 2019-06 | 3 |  |  |
| 2019-09 | 4 | capital falling |  |
| 2019-12 | 1 |  | reserve under noncurrent, noncurrent p90, capital falling |
| 2020-03 | 0 |  | charge-offs p90 |
| 2020-06 | 1 | charge-offs p90 |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2019-12-04 [Santander agrees to sell its retail and commercial banking franchise in Puerto Rico to FirstBank Puerto Rico for approximately $1.1 billion - santander.com](https://news.google.com/rss/articles/CBMingJBVV95cUxORkhPdlJZekd4Uk1idTN1RlMzMEF6OV9KRHppbXFjWnlwTnZtTHBxa19Sd0Fma0E5NXZ6ejEySURPSWUxZDZsRUcxWnVBN1BEOFBsNnZBSDY5MzFkLXZfUElQS0xwM1h3eFlVelEwbFd3UlZxcUZ0aWVmZC14aTVEaVd0d1B6VEpvWWlwc0pncTlsTWp3U290NUNnQmtXVkhDS0JQbzlPRW5YVkE4TEpBVTR6dWxRYXlqdkJyVVpiSkpDM1hLUlpWc2lKYlBSNlNwdFdNSG42Y19sVTVvanZnV3dJX052RGV4RzBQNlhVeXI5Y29hSzJITW1CbUh5bDVKbHJsMFdIZGdOTGh4dkZ1MGNlZTNfVEtxOTVPSFVB?oc=5) · santander.com
- 2020-09-02 [First BanCorp wraps acquisition of Banco Santander Puerto Rico - Retail Banker International](https://news.google.com/rss/articles/CBMirwFBVV95cUxPd25ESVZrLTRXVlZRdTBDWGJaVHRiemxGVE1sOF9saFNxWmxIZ1JnT01za3ZpcE5ldWw0RGphakh1TVVNZjNHeTM5R255Ni1OWGtrTTFWQUtBNXdHT21RbWFLN21xbGYxWDhha3dtSXoybjlPTkN6Y3pEbWlsY0lBV1dVZWlIclhhSUpDMjVqWGtwX0d2bkoyci10SjFLbFQ5cG9RUEdQREpiMFdteVhr?oc=5) · Retail Banker International
- 2019-10-22 [First BanCorp. to buy Banco Santander Puerto Rico in $1.1B transaction - News is My Business](https://news.google.com/rss/articles/CBMinwFBVV95cUxNUkpVUm5RTHg0LXVpZHJjWGNpdktkSEVMdGJlYjZEQnhFTHNza2tib2VFNHhtcmRLTTlCMzFaZjUtZnNUcEVpNzktTzVaUTFBSHc1S0xKS1liUXowNHd6clNmbENtMjk1V1RMU1FXODRidDZUbXJhemxYQWZhVnRJa0hWa3UxOFBTdDJlejcyU0hLVjZEUUJMU3dnOFByY1E?oc=5) · News is My Business
- 2025-01-08 [Banking in Puerto Rico in 2025: The Ultimate Guide - Nomad Capitalist](https://news.google.com/rss/articles/CBMid0FVX3lxTE1JV1E3QnM4dUVFWkh3OU81STNOMXBOWDBQbC1OaURzZGRwTGtJY3VJdTE5TVNFdmw5ajZZbkFlcEUyTmtGd1B4T2gyM0pLYU9TSU8yaEdEVkNBUzN2R1B3VGUwNG1CMzZXdmR1c3YzdkJ3bVk0cW9V?oc=5) · Nomad Capitalist
- 2017-12-05 [Santander launches ‘Depósito Simple’ mobile check deposit service - News is My Business](https://news.google.com/rss/articles/CBMiaEFVX3lxTFBCaEhCOGh0X1lkeWdaNlZaeG45aU1iZi1TcklPc2VWWURVMWYwV2x4RVFiTDZ5WHJMZF9XRUtvQW9GZDE0OTZYaU9qajl4bFJQQ081eUdnU3NMenZ5ZE9TdExPVTJVNUhi?oc=5) · News is My Business
- 2011-03-27 [Banco Santander Puerto Rico again included in list of best emerging banks - News is My Business](https://news.google.com/rss/articles/CBMipgFBVV95cUxNbHJMcEdjMDB6MmlfenlIUXZmWEdfM3hfX1RsOEp0Wk8tQVpiR3ZXMUplVmlaV1RXMF9YLVFBaERzMlQ4MWdnMDFDUHp4ZWdUZzZFNlF4UTYtcm1iRmZNRmR4NWljN1BZOUdnbHh2Z3VjTFR3YmVFTFpCcksxS2VZa01DRk95V1BHYzBJX0Q4SUZPYzcxSHpfRFN4MjNpMUs0YXp2OV9B?oc=5) · News is My Business
- 2012-04-10 [Moody’s reviews 3 P.R. banks for possible ratings downgrades - News is My Business](https://news.google.com/rss/articles/CBMikgFBVV95cUxNTVVVU2tQbUh2UW5nSGFXdjZORTk3QjVMYkt5alFiSTRHelRJR0pOZlRsbEtOODF6WFZlRFlOXzFqbmhkTTFKWk9FcEthNWhHWDZsMGZOZ190cF90d2pyamp0eUhNU2luVEJjaUxzQzlRUmw2Q0xQVU1hWC1BRUQ3bE9pVjA0NDBfWE1NdWRCaTRLUQ?oc=5) · News is My Business
- 2013-07-15 [Puerto Rico banks announce holiday schedule - News is My Business](https://news.google.com/rss/articles/CBMifkFVX3lxTE9JVzAtT25ZNFpuWVpqOTJmMVFyQm1CcXhWRkdXOU1UN3lCZ0RtUlFFNFVVb3l2QXNGeG1XdndCdDlIRnU3NG41M2ZjeFhxVWRGMWFKWXdKQkZ1aUo2NlBBMjNIVlhlZVhEQUZVM3BjUm4wTGRtQmZfQXFCbkV5UQ?oc=5) · News is My Business

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=20828 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/28.json (key "20828", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide