December 31, 2001 December 31, 2000 (In thousands) Assets: Cash and due from banks $ 17,422 $ 17,026 Money market instruments 300 300 Investment securities available for sale, at market value: United States Government obligations 24,802 18,951 Other investments 35,507 27,347 Total investment securities available for sale  60,309 46,298 Loans receivable 5,682 Investment in FirstBank Puerto Rico, at equity 515,623 368,338 Investment in FirstBank Insurance Agency, at equity 371 Other assets  3,383 2,856 Total assets  $603,090 $434,818 Liabilities and Stockholders’ Equity: Accounts payable and other liabilities $ 171 $ 357 Stockholders’ equity 602,919 434,461 Contingencies and commitments Total liabilities and stockholders’ equity $603,090 $434,818 Statements of Financial Condition 81 0 First BanCorp.> 2001 Year ended December 31, 2001 2000 1999 (In thousands) Income: Interest income on investment securities $ 658 $ 776 $ 1,537 Interest income on other investments 250 289 1,141 Interest income on loans 306 Dividend from FirstBank  24,000 24,000 10,000 Other income 1,761 8,251 61 26,975 33,316 12,739 Expenses: Interest expense 25 Other operating expenses 559 487 243 559 512 243 Income before income taxes and equity in undistributed earnings of subsidiaries 26,416 32,804 12,496 Income taxes 170 209 374 Equity in undistributed earnings of subsidiaries 59,755 34,681 49,953 Net income 86,001 67,276 62,075 Other comprehensive income (loss), net of tax 13,306 49,050 (77,399 Comprehensive income (loss) $ 99,307 $116,326 $(15,324 The principal source of income for the Holding Company consists of the earnings of FirstBank. Statements of Income ) )