Popular (BPOP) 10-K 1 Mar 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2021	Feb. 24, 2022	Jun. 30, 2021
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity File Number	001-34084
Entity Registrant Name	POPULAR, INC.
Entity Incorporation State Country Code	PR
Entity Tax Identification Number	66-0667416
Entity Address Address Line 1	209 Muñoz Rivera Avenue
Entity Address City Or Town	Hato Rey
Entity Address Country	PR
Entity Address Postal Zip Code	00918
City Area Code	787
Local Phone Number	765-9800
Well known season issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock Shares Outstanding		79,917,972
Document Incorporated by reference	Portions of Popular, Inc.’s definitive proxy statement relating to the 2022 Annual Meeting of Stockholders of Popular, Inc. (the “Proxy Statement”) are incorporated herein by reference in response to Items 10 through 14 of Part III. The Proxy Statement will be filed with the Securities and Exchange Commission (the “SEC”) on or about March 30, 2022.
Entity Central Index Key	0000763901
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Public Float			$ 5.9
Icfr Auditor Attestation Flag	true
Common Stock
Entity listings
Security 12b Title	Common Stock ($0.01 par value)
Trading Symbol	BPOP
Security Exchange Name	NASDAQ
Cumulative Preferred Stock 6.125%
Entity listings
Security 12b Title	6.125% Cumulative Monthly Income Trust Preferred Securities
Trading Symbol	BPOPM
Security Exchange Name	NASDAQ

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	San Juan, Puerto Rico
Auditor Firm ID	238

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Assets:
Cash and due from banks	$ 428,433,000	$ 491,065,000
Money market investments:
Time deposits with other banks	17,536,719,000	11,640,880,000
Total money market investments	17,536,719,000	11,640,880,000
Trading account debt securities, at fair value:
Pledged securities with creditors' right to repledge	0	241,000
Other trading account debt securities	29,711,000	36,433,000
Debt securities available-for-sale, at fair value:
Pledged securities with creditors' right to repledge	93,330,000	125,819,000
Other debt securities available-for-sale	24,874,939,000	21,435,333,000
Debt securities held-to-maturity, at amortized cost (fair value 2021 - $83,368; 2020 - $94,891)	79,461,000	92,621,000
Less - Allowance for credit losses	8,096,000	10,261,000
Debt securities held-to-maturity, net	71,365,000	82,360,000
Equity securities (realizable value 2021 - $192,345; 2020 - $173,929)	189,977,000	173,737,000
Loans held-for-sale, at lower of cost or fair value	59,168,000	99,455,000
Loans held-in-portfolio	29,506,225,000	29,588,430,000
Less - Unearned income	265,668,000	203,234,000
Allowance for credit losses	695,366,000	896,250,000
Total loans held-in-portfolio, net	28,545,191,000	28,488,946,000
Premises and equipment, net	494,240,000	510,241,000
Other real estate	85,077,000	83,146,000
Accrued income receivable	203,096,000	209,320,000
Mortgage servicing rights, at fair value	121,570,000	118,395,000
Other assets	1,628,571,000	1,737,041,000
Goodwill	720,293,000	671,122,000
Other intangible assets	16,219,000	22,466,000
Total assets	75,097,899,000	65,926,000,000
Deposits:
Non-interest bearing	15,684,482,000	13,128,699,000
Interest bearing	51,320,606,000	43,737,641,000
Total deposits	67,005,088,000	56,866,340,000
Assets sold under agreements to repurchase	91,603,000	121,303,000
Other short-term borrowings	75,000,000	0
Notes payable	988,563,000	1,224,981,000
Other liabilities	968,248,000	1,684,689,000
Total liabilities	69,128,502,000	59,897,313,000
Commitments and contingencies
Stockholders' equity:
Preferred stock, 30,000,000 shares authorized; 885,726 shares issued and outstanding (2020 - 885,726)	22,143,000	22,143,000
Common stock, $0.01 par value; 170,000,000 shares authorized;104,579,334 shares issued (2020 - 104,508,290) and 79,851,169 shares outstanding (2020 - 84,244,235)	1,046,000	1,045,000
Surplus	4,650,182,000	4,571,534,000
Retained earnings	2,973,745,000	2,260,928,000
Treasury stock - at cost, 24,728,165 shares (2020 - 20,264,055)	(1,352,650,000)	(1,016,954,000)
Accumulated other comprehensive (loss) income, net of tax	(325,069,000)	189,991,000
Total stockholders' equity	5,969,397,000	6,028,687,000
Total liabilities and stockholders' equity	$ 75,097,899,000	$ 65,926,000,000

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF CONDITION (PARENTHETICAL) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Held to maturity securities fair value	$ 83,368	$ 94,891
Realizable Value Of Equity Securities	$ 192,345	$ 173,929
Preferred stock shares authorized	30,000,000	30,000,000
Preferred stock, shares issued	885,726	885,726
Preferred stock shares outstanding	885,726	885,726
Common Stock Par Or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock Shares Authorized	170,000,000	170,000,000
Common Stock Shares Issued	104,579,334	104,508,290
Common Stock Shares Outstanding	79,851,169	84,244,235
Treasury stock	24,728,165	20,264,055

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest income:
Loans	$ 1,747,827	$ 1,742,390	$ 1,802,968
Money market investments	21,147	19,721	89,823
Investment securities	353,663	329,440	368,002
Total interest income	2,122,637	2,091,551	2,260,793
Interest expense:
Deposits	111,621	175,855	304,858
Short-term borrowings	319	2,457	6,100
Long-term debt	53,107	56,626	58,141
Total interest expense	165,047	234,938	369,099
Net interest income	1,957,590	1,856,613	1,891,694
Provision for credit losses (benefit)	(193,464)	292,536	165,779
Net interest income after provision for credit losses (benefit)	2,151,054	1,564,077	1,725,915
Non-interest income:
Mortgage banking activities	50,133	10,401	32,093
Net gain (loss) on sale of debt securities	23	41	(20)
Net gain, including impairment on equity securities	131	6,279	2,506
Net (loss) profit on trading account debt securities	(389)	1,033	994
Net (loss) gain on sale of loans, including valuation adjustments on loans held-for-sale	(73)	1,234	0
Adjustments (expense) to indemnity reserves on loans sold	4,406	390	(343)
Other operating income	113,951	87,219	88,514
Total non-interest income	642,128	512,312	569,883
Operating expenses:
Personnel costs	631,802	564,205	590,625
Net occupancy expenses	102,226	119,345	96,339
Equipment expenses	92,097	88,932	84,215
Other taxes	56,783	54,454	51,653
Professional fees	410,865	394,122	384,411
Communications	25,234	23,496	23,450
Business promotion	72,981	57,608	75,372
FDIC deposit insurance	25,579	23,868	18,179
Other real estate owned (OREO) (income) expenses	(14,414)	(3,480)	4,298
Other operating expenses	136,988	128,882	139,570
Amortization of intangibles	9,134	6,397	9,370
Total operating expenses	1,549,275	1,457,829	1,477,482
Income before income tax	1,243,907	618,560	818,316
Income tax expense	309,018	111,938	147,181
Net Income	934,889	506,622	671,135
Net Income Applicable to Common Stock	$ 933,477	$ 504,864	$ 667,412
Net Income per Common Share - Basic	$ 11.49	$ 5.88	$ 6.89
Net Income per Common Share - Diluted	$ 11.46	$ 5.87	$ 6.88
Service charges on deposit accounts
Non-interest income:
Revenue from contract with customer	$ 162,698	$ 147,823	$ 160,933
Other services
Non-interest income:
Revenue from contract with customer	$ 311,248	$ 257,892	$ 285,206

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Income and Comprehensive Income
Net income	$ 934,889	$ 506,622	$ 671,135
Reclassification to retained earnings due to cumulative effect of accounting change	0	0	(50)
Other comprehensive income (loss) before tax:
Foreing currency translation adjustment	3,947	(14,471)	(6,847)
Adjustment of pension and postretirement benefit plans	36,950	(9,032)	(21,874)
Amortization of net losses	20,749	21,447	23,508
Unrealized holding (losses) gains on debt securities arising during the period	(619,470)	419,993	286,063
Reclassification adjustment for (gains) losses included in net income	(23)	(41)	20
Unrealized net gains (losses) on cash flow hedges	539	(8,872)	(5,741)
Reclassification adjustment for net losses included in net income	1,847	6,379	3,882
Other comprehensive (loss) income before tax	(555,461)	415,403	278,961
Income tax benefit (expense)	40,401	(55,474)	(20,925)
Total other comprehensive (loss) income, net of tax	(515,060)	359,929	258,036
Comprehensive income, net of tax	$ 419,829	$ 866,551	$ 929,171

TAX EFFECT ALLOCATED TO EACH CO

TAX EFFECT ALLOCATED TO EACH COMPONENT OF OTHER COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Income and Comprehensive Income
Adjustment of pension and postretirement benefit plans	$ (13,856)	$ 3,387	$ 8,203
Amortization of net losses	(7,781)	(8,042)	(8,817)
Unrealized holding (losses) gains on debt securities arising during the period	62,468	(51,213)	(20,113)
Reclassification adjustment for (gains) losses included in net income	5	6	(4)
Unrealized net gains (losses) on cash flow hedges	(172)	2,472	1,302
Reclassification adjustment for net losses included in net income	(263)	(2,084)	(1,496)
Income tax benefit (expense)	$ 40,401	$ (55,474)	$ (20,925)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Cumulative effect adoption adjustment	Common Stock	Preferred Stock	Capital surplus	Retained earnings	Retained earningsCumulative effect adoption adjustment	Treasury stock	Accumulated other comprehensive income (loss)
Beginning balance at Dec. 31, 2018	$ 5,435,057	$ 4,905	$ 1,043	$ 50,160	$ 4,365,606	$ 1,651,731	$ 4,905	$ (205,509)	$ (427,974)
Increase Decrease In Stockholders Equity [Roll Forward]
Net income	671,135					671,135
Issuance of stock	3,497		1		3,496
Dividends declared:
Common stock	(116,022)					(116,022)
Preferred stock	(3,723)					(3,723)
Common stock purchases	(256,012)				15,740			(271,752)
Common stock reissuance	5,222				374			4,848
Stock based compensation	14,684				2,085			12,599
Other comprehensive loss, net of tax	258,036								258,036
Transfer to statutory reserve	0				60,111	(60,111)
Ending balance at Dec. 31, 2019	6,016,779	$ (205,842)	1,044	50,160	4,447,412	2,147,915	$ (205,842)	(459,814)	(169,938)
Increase Decrease In Stockholders Equity [Roll Forward]
Net income	506,622					506,622
Issuance of stock	4,263		1		4,262
Dividends declared:
Common stock	(136,561)					(136,561)
Preferred stock	(1,758)					(1,758)
Common stock purchases	(504,172)				76,335			(580,507)
Common stock reissuance	4,830				(1,192)			6,022
Preferred stock redemption	(28,017)			(28,017)
Stock based compensation	12,614				(4,731)			17,345
Other comprehensive loss, net of tax	359,929								359,929
Transfer to statutory reserve	0				49,448	(49,448)
Ending balance at Dec. 31, 2020	6,028,687		1,045	22,143	4,571,534	2,260,928		(1,016,954)	189,991
Increase Decrease In Stockholders Equity [Roll Forward]
Net income	934,889					934,889
Issuance of stock	4,674		1		4,673
Dividends declared:
Common stock	(142,290)					(142,290)
Preferred stock	(1,412)					(1,412)
Common stock purchases	(355,650)				(8,557)			(347,093)
Stock based compensation	15,559				4,162			11,397
Other comprehensive loss, net of tax	(515,060)								(515,060)
Transfer to statutory reserve	0				78,370	(78,370)
Ending balance at Dec. 31, 2021	$ 5,969,397		$ 1,046	$ 22,143	$ 4,650,182	$ 2,973,745		$ (1,352,650)	$ (325,069)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Sep. 30, 2021	May 03, 2021	Jan. 30, 2020
Statement of Stockholders' Equity [Abstract]
Common stock dividends per share cash paid	$ 1.75	$ 1.60	$ 1.20
Accelerated share repurchases settlement receipt	$ 350	$ 500	$ 250
Accelerate share repurchase
Stock Repurchase Program Authorized Amount					$ 350	$ 500
Accelerated share repurchases settlement receipt				$ 350

DISCLOSURE OF CHANGES IN NUMBER

DISCLOSURE OF CHANGES IN NUMBER OF SHARES - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Preferred Stock:
Preferred stock - Balance at beginning of period	885,726	2,006,391	2,006,391
Preferred stock shares redemption	0	(1,120,665)	0
Preferred stock - Balance at ending of period	885,726	885,726	2,006,391
Common Stock - Issued:
Common stock - balance at beginning of period	104,508,290	104,392,222	104,320,303
Issuance of stock	71,044	116,068	71,919
Common stock - balance at end of period	104,579,334	104,508,290	104,392,222
Treasury stock	(24,728,165)	(20,264,055)	(8,802,593)
Common stock shares outstanding	79,851,169	84,244,235	95,589,629

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 934,889	$ 506,622	$ 671,135
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses (benefit)	(193,464)	292,536	165,779
Amortization of intangibles	9,134	6,397	9,370
Depreciation and amortization of premises and equipment	55,104	58,452	58,067
Net accretion of discounts and amortization of premiums and deferred fees	(21,962)	(63,300)	(158,070)
Interest capitalized on loans subject to the temporary payment moratorium or loss mitigation alternatives	(15,567)	(95,212)	0
Share-based compensation	17,774	8,254	12,303
Impairment losses on right-of-use and long-lived assets	5,320	18,004	2,591
Fair value adjustments on mortgage servicing rights	10,206	42,055	27,771
Adjustments (expense) to indemnity reserves on loans sold	(4,406)	(390)	343
Earnings from investments under the equity method, net of dividends or distributions	(50,942)	(27,738)	(28,011)
Deferred income tax expense	229,371	75,044	141,332
(Gain) loss on:
Disposition of premises and equipment and other productive assets	(18,393)	(11,561)	(6,666)
Proceeds from insurance claims	0	(366)	(1,205)
Sale of debt securities	(23)	(41)	20
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities	(21,611)	(32,449)	(15,888)
Sale of foreclosed assets, including write-downs	(30,098)	(19,958)	(21,982)
Acquisitions of loans held-for-sale	(251,336)	(227,697)	(223,939)
Proceeds from sale of loans held-for-sale	95,100	83,456	71,075
Net originations on loans held-for-sale	(527,585)	(391,537)	(289,430)
Net (increase) decrease in:
Trading debt securities	741,465	493,993	460,969
Equity securities	(2,336)	(8,263)	(8,032)
Accrued income receivable	6,193	(35,616)	(8,369)
Other assets	25,022	114,329	(37,847)
Net (decrease) increase in:
Interest payable	(5,395)	(5,404)	(284)
Pension and other postretirement benefits obligation	(4,104)	5,898	778
Other liabilities	22,802	(106,736)	(116,443)
Total adjustments	70,269	172,150	34,232
Net cash provided by operating activities	1,005,158	678,772	705,367
Cash flows from investing activities:
Net (increase) decrease in money market investments	(5,895,789)	(8,378,577)	905,558
Purchases of investment securities:
Available-for-sale	(14,672,856)	(21,033,807)	(18,733,295)
Equity	(16,196)	(30,794)	(16,300)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:
Available-for-sale	9,602,430	18,224,362	14,650,440
Held-to-maturity	15,700	6,733	5,913
Proceeds from sale of investment securities:
Available-for-sale	235,992	5,103	99,445
Equity	2,904	25,206	20,030
Net repayments (disbursements) on loans	469,268	(875,941)	(641,029)
Proceeds from sale of loans	203,179	84,385	110,534
Acquisition of loan portfolios	(348,179)	(1,138,276)	(619,737)
Payments to acquire other intangible	(905)	(83)	(10,382)
Payments to acquire businesses, net of cash acquired	(155,828)	0	0
Return of capital from equity method investments	6,362	959	6,942
Payments to acquire equity method investments	(375)	(1,778)	0
Acquisition of premises and equipment	(72,781)	(60,073)	(75,665)
Proceeds from insurance claims	0	366	1,205
Proceeds from sale of:
Premises and equipment and other productive assets	21,482	26,548	18,608
Foreclosed assets	86,942	77,521	107,881
Net cash used in investing activities	(10,518,650)	(13,068,146)	(4,169,852)
Net increase (decrease) in:
Deposits	10,138,617	13,102,028	4,043,955
Assets sold under agreements to repurchase	(29,700)	(72,076)	(88,151)
Other short-term borrowings	75,000	0	(41)
Payment of notes payable	(237,713)	(139,920)	(210,377)
Principal payments of finance leases	(2,852)	(3,145)	(1,726)
Proceeds from issuance of notes payable	0	261,999	75,000
Proceeds from issuance of common stock	4,674	9,093	8,719
Payments for repurchase of redeemable preferred stock	0	(28,017)	0
Dividends paid	(141,466)	(133,645)	(115,810)
Net payments for repurchase of common stock	(350,535)	(500,479)	(250,581)
Payments related to tax witholding for share-based compensation	(5,115)	(3,693)	(5,431)
Net cash provided by financing activities	9,450,910	12,492,145	3,455,557
Net (decrease) increase in cash and due from banks, and restricted cash	(62,582)	102,771	(8,928)
Cash and due from banks and restricted cash at beginning of period	497,094	394,323	403,251
Cash and due from banks and restricted cash at end of period	$ 434,512	$ 497,094	$ 394,323

Nature of operations

Nature of operations	12 Months Ended
	Dec. 31, 2021
Nature of operation [Abstract]
Nature Of Operations	Note 1 – Nature of operations Popular, Inc. (the “Corporation or “Popular”) is a diversified, publicly-owned financial holding company subject to the supervision and regulation of the Board of Governors of the Federal Reserve System. The Corporation has operations in Puerto Rico, the mainland United States (“U.S.”) and the U.S. and British Virgin Islands. In Puerto Rico, the Corporation provides retail, mortgage and commercial banking services, through its principal banking subsidiary, Banco Popular de Puerto Rico (“BPPR”), as well as investment banking, broker-dealer, auto and equipment leasing and financing, and insurance services through specialized subsidiaries. In the mainland U.S., the Corporation provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank (“PB” or “Popular U.S.”), which has branches located in New York, New Jersey and Florida, and equipment leasing and financing services through Popular Equipment Finance (“PEF”), a newly formed wholly-owned subsidiary of PB based in Minnesota.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies
Summary of significant accounting policies	Note 2 – Summary of significant accounting policies The accounting and financial reporting policies of Popular, Inc. and its subsidiaries (the “Corporation”) conform with accounting principles generally accepted in the United States of America and with prevailing practices within the financial services industry. The following is a description of the most significant of these policies: Principles of consolidation The consolidated financial statements include the accounts of Popular, Inc. and its subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. In accordance with the consolidation guidance for variable interest entities, the Corporation would also consolidate any variable interest entities (“VIEs”) for which it has a controlling financial interest; and therefore, it is the primary beneficiary. Assets held in a fiduciary capacity are not assets of the Corporation and, accordingly, are not included in the Consolidated Statements of Financial Condition. Unconsolidated investments, in which there is at least 20% ownership and / or the Corporation exercises significant influence, are generally accounted for by the equity method with earnings recorded in other operating income. Limited partnerships are also accounted for by the equity method unless the investor’s interest is so “minor” that the limited partner may have virtually no influence over partnership operating and financial policies. These investments are included in other assets and the Corporation’s proportionate share of income or loss is included in other operating income. Statutory business trusts that are wholly-owned by the Corporation and are issuers of trust preferred securities are not consolidated in the Corporation’s Consolidated Financial Statements. Business combinations Business combinations are accounted for under the acquisition method. Under this method, assets acquired, liabilities assumed and any noncontrolling interest in the acquiree at the acquisition date are measured at their fair values as of the acquisition date. The acquisition date is the date the acquirer obtains control. Transaction costs are expensed as incurred. Contingent consideration classified as an asset or a liability is remeasured to fair value at each reporting date until the contingency is resolved. The changes in fair value of the contingent consideration are recognized in earnings unless the arrangement is a hedging instrument for which changes are initially recognized in other comprehensive income. On October 15, 2021, Popular Equipment Finance, LLC (“PEF”), a newly formed wholly-owned subsidiary of Popular Bank (“PB”), completed the acquisition of certain assets and the assumption of certain liabilities of K2 Capital Group LLC’s (“K2”) equipment leasing and financing business based in Minnesota (the “Acquired Business”). The Corporation determined that this acquisition constituted a business combination as defined by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 805 “Business Combinations”. Refer to Note 4, Business combination, for further details on the K2 Transaction. Use of estimates in the preparation of financial statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Fair value measurements The Corporation determines the fair values of its financial instruments based on the fair value framework established in the guidance for Fair Value Measurements in ASC Subtopic 820-10, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standard describes three levels of inputs that may be used to measure fair value which are (1) quoted market prices for identical assets or liabilities in active markets, (2) observable market-based inputs or unobservable inputs that are corroborated by market data, and (3) unobservable inputs that are not corroborated by market data. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. The guidance in ASC Subtopic 820-10 also addresses measuring fair value in situations where markets are inactive and transactions are not orderly. Transactions or quoted prices for assets and liabilities may not be determinative of fair value when transactions are not orderly, and thus, may require adjustments to estimate fair value. Price quotes based on transactions that are not orderly should be given little, if any, weight in measuring fair value. Price quotes based on transactions that are orderly shall be considered in determining fair value, and the weight given is based on facts and circumstances. If sufficient information is not available to determine if price quotes are based on orderly transactions, less weight should be given to the price quote relative to other transactions that are known to be orderly. Investment securities Investment securities are classified in four categories and accounted for as follows:  Debt securities that the Corporation has the intent and ability to hold to maturity are classified as debt securities held-to-maturity and reported at amortized cost. An ACL is established for the expected credit losses over the remaining term of debt securities held-to-maturity. The Corporation has established a methodology to estimate credit losses which considers qualitative factors, including internal credit ratings and the underlying source of repayment in determining the amount of expected credit losses. Debt securities held-to-maturity are written-off through the ACL when a portion or the entire amount is deemed uncollectible, based on the information considered to develop expected credit losses through the life of the asset. The ACL is estimated by leveraging the expected loss framework for mortgages in the case of securities collateralized by 2 nd  Debt securities classified as trading securities are reported at fair value, with unrealized and realized gains and losses included in non-interest income.  Debt securities classified as available-for-sale are reported at fair value. Declines in fair value below the securities’ amortized cost which are not related to estimated credit losses are recorded through other comprehensive income or loss, net of taxes. If the Corporation intends to sell or believes it is more likely than not that it will be required to sell the debt security, it is written down to fair value through earnings. Credit losses relating to available-for-sale debt securities are recorded through an ACL, which are limited to the difference between the amortized cost and the fair value of the asset. The ACL is established for the expected credit losses over the remaining term of debt security. The Corporation’s portfolio of available-for-sale securities is comprised mainly of U.S. Treasury notes and obligations from the U.S. Government. These securities have an explicit or implicit guarantee from the U.S. government, are highly rated by major rating agencies, and have a long history of no credit losses. Accordingly, the Corporation applies a zero-credit loss assumption and no ACL for these securities has been established. The Corporation monitors its securities portfolio composition and credit performance on a quarterly basis to determine if any allowance is considered necessary. Debt securities available-for-sale are written-off when a portion or the entire amount is deemed uncollectible, based on the information considered to develop expected credit losses through the life of the asset. The specific identification method is used to determine realized gains and losses on debt securities available-for-sale, which are included in net (loss) gain on sale of debt securities in the Consolidated Statements of Operations.  Equity securities that have readily available fair values are reported at fair value. Equity securities that do not have readily available fair values are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Stock that is owned by the Corporation to comply with regulatory requirements, such as Federal Reserve Bank and Federal Home Loan Bank (“FHLB”) stock, is included in this category, and their realizable value equals their cost. Unrealized and realized gains and losses and any impairment on equity securities are included in net gain (loss), including impairment on equity securities in the Consolidated Statements of Operations. Dividend income from investments in equity securities is included in interest income. The amortization of premiums is deducted and the accretion of discounts is added to net interest income based on the interest method over the outstanding period of the related securities. Purchases and sales of securities are recognized on a trade date basis. Derivative financial instruments All derivatives are recognized on the Statements of Financial Condition at fair value. The Corporation’s policy is not to offset the fair value amounts recognized for multiple derivative instruments executed with the same counterparty under a master netting arrangement nor to offset the fair value amounts recognized for the right to reclaim cash collateral (a receivable) or the obligation to return cash collateral (a payable) arising from the same master netting arrangement as the derivative instruments. For a cash flow hedge, changes in the fair value of the derivative instrument are recorded net of taxes in accumulated other comprehensive income/(loss) and subsequently reclassified to net income (loss) in the same period(s) that the hedged transaction impacts earnings. For free-standing derivative instruments, changes in fair values are reported in current period earnings. Prior to entering a hedge transaction, the Corporation formally documents the relationship between hedging instruments and hedged items, as well as the risk management objective and strategy for undertaking various hedge transactions. This process includes linking all derivative instruments to specific assets and liabilities on the Statements of Financial Condition or to specific forecasted transactions or firm commitments along with a formal assessment, at both inception of the hedge and on an ongoing basis, as to the effectiveness of the derivative instrument in offsetting changes in fair values or cash flows of the hedged item. Hedge accounting is discontinued when the derivative instrument is not highly effective as a hedge, a derivative expires, is sold, terminated, when it is unlikely that a forecasted transaction will occur or when it is determined that it is no longer appropriate. When hedge accounting is discontinued the derivative continues to be carried at fair value with changes in fair value included in earnings. For non-exchange traded contracts, fair value is based on dealer quotes, pricing models, discounted cash flow methodologies or similar techniques for which the determination of fair value may require significant management judgment or estimation. The fair value of derivative instruments considers the risk of non-performance by the counterparty or the Corporation, as applicable. The Corporation obtains or pledges collateral in connection with its derivative activities when applicable under the agreement . Loans Loans are classified as loans held-in-portfolio when management has the intent and ability to hold the loan for the foreseeable future, or until maturity or payoff. The foreseeable future is a management judgment which is determined based upon the type of loan, business strategies, current market conditions, balance sheet management and liquidity needs. Management’s view of the foreseeable future may change based on changes in these conditions. When a decision is made to sell or securitize a loan that was not originated or initially acquired with the intent to sell or securitize, the loan is reclassified from held-in-portfolio into held-for-sale. Due to changing market conditions or other strategic initiatives, management’s intent with respect to the disposition of the loan may change, and accordingly, loans previously classified as held-for-sale may be reclassified into held-in-portfolio. Loans transferred between loans held-for-sale and held-in-portfolio classifications are recorded at the lower of cost or fair value at the date of transfer. Purchased loans with no evidence of credit deterioration since origination are recorded at fair value upon acquisition. Credit discounts are included in the determination of fair value. Loans held-for-sale are stated at the lower of cost or fair value, cost being determined based on the outstanding loan balance less unearned income, and fair value determined, generally in the aggregate. Fair value is measured based on current market prices for similar loans, outstanding investor commitments, prices of recent sales or discounted cash flow analyses which utilize inputs and assumptions which are believed to be consistent with market participants’ views. The cost basis also includes consideration of deferred origination fees and costs, which are recognized in earnings at the time of sale. Upon reclassification to held-for-sale, credit related fair value adjustments are recorded as a reduction in the ACL. To the extent that the loan's reduction in value has not already been provided for in the ACL, an additional provision for credit losses is recorded. Subsequent to reclassification to held-for-sale, the amount, by which cost exceeds fair value, if any, is accounted for as a valuation allowance with changes therein included in the determination of net income (loss) for the period in which the change occurs. Loans held-in-portfolio are reported at their outstanding principal balances net of any unearned income, charge-offs, unamortized deferred fees and costs on originated loans, and premiums or discounts on purchased loans. Fees collected and costs incurred in the origination of new loans are deferred and amortized using the interest method or a method which approximates the interest method over the term of the loan as an adjustment to interest yield. The past due status of a loan is determined in accordance with its contractual repayment terms. Furthermore, loans are reported as past due when either interest or principal remains unpaid for 30 days or more in accordance with its contractual repayment terms. Non-accrual loans are those loans on which the accrual of interest is discontinued. When a loan is placed on non-accrual status, all previously accrued and unpaid interest is charged against interest income and the loan is accounted for either on a cash-basis method or on the cost-recovery method. Loans designated as non-accruing are returned to accrual status when the Corporation expects repayment of the remaining contractual principal and interest. Recognition of interest income on commercial and construction loans is discontinued when the loans are 90 days or more in arrears on payments of principal or interest or when other factors indicate that the collection of principal and interest is doubtful. The portion of a secured loan deemed uncollectible is charged-off no later than 365 days past due. However, in the case of a collateral dependent loan, the excess of the recorded investment over the fair value of the collateral (portion deemed uncollectible) is generally promptly charged-off, but in any event, not later than the quarter following the quarter in which such excess was first recognized. Commercial unsecured loans are charged-off no later than 180 days past due. Recognition of interest income on mortgage loans is generally discontinued when loans are 90 days or more in arrears on payments of principal or interest. The portion of a mortgage loan deemed uncollectible is charged-off when the loan is 180 days past due. The Corporation discontinues the recognition of interest on residential mortgage loans insured by the Federal Housing Administration (“FHA”) or guaranteed by the U.S. Department of Veterans Affairs (“VA”) when 15-months delinquent as to principal or interest. The principal repayment on these loans is insured. Recognition of interest income on closed-end consumer loans and home equity lines of credit is discontinued when the loans are 90 days or more in arrears on payments of principal or interest. Income is generally recognized on open-end consumer loans, except for home equity lines of credit, until the loans are charged-off. Recognition of interest income for lease financing is ceased when loans are 90 days or more in arrears. Closed-end consumer loans and leases are charged-off when they are 120 days in arrears. Open-end (revolving credit) consumer loans are charged-off when 180 days in arrears. Commercial and consumer overdrafts are generally charged-off no later than 60 days past their due date. A loan classified as a troubled debt restructuring (“TDR”) is typically in non-accrual status at the time of the modification. The TDR loan continues in non-accrual status until the borrower has demonstrated a willingness and ability to make the restructured loan payments (at least six months of sustained performance after the modification (or one year for loans providing for quarterly or semi-annual payments)) and management has concluded that it is probable that the borrower would not be in payment default in the foreseeable future. Lease financing The Corporation leases passenger and commercial vehicles and equipment to individual and corporate customers. The finance method of accounting is used to recognize revenue on lease contracts that meet the criteria specified in the guidance for leases in ASC Topic 842. Aggregate rentals due over the term of the leases less unearned income are included in finance lease contracts receivable. Unearned income is amortized using a method which results in approximate level rates of return on the principal amounts outstanding. Finance lease origination fees and costs are deferred and amortized over the average life of the lease as an adjustment to the interest yield. Revenue for other leases is recognized as it becomes due under the terms of the agreement. Loans acquired with deteriorated credit quality Purchased credit deteriorated (“PCD”) loans are defined as those with evidence of a more-than-insignificant deterioration in credit quality since origination. PCD loans are initially recorded at its purchase price plus an estimated allowance for credit losses (“ACL”). Upon the acquisition of a PCD loan, the Corporation makes an estimate of the expected credit losses over the remaining contractual term of each individual loan. The estimated credit losses over the life of the loan are recorded as an ACL with a corresponding addition to the loan purchase price. The amount of the purchased premium or discount which is not related to credit risk is amortized over the life of the loan through net interest income using the effective interest method or a method that approximates the effective interest method. Changes in expected credit losses are recorded as an increase or decrease to the ACL with a corresponding charge (reverse) to the provision for credit losses in the Consolidated Statement of Operations. Upon transition to the individual loan measurement, these loans follow the same nonaccrual policies as non-PCD loans and are therefore no longer excluded from non-performing status. Modifications of PCD loans that meet the definition of a TDR subsequent to the adoption of ASC Topic 326 are accounted and reported as such following the same processes as non-PCD loans. Refer to Note 8 to the Consolidated Financial Statements for additional information with respect to loans acquired with deteriorated credit quality. Accrued interest receivable The amortized basis for loans and investments in debt securities is presented exclusive of accrued interest receivable. The Corporation has elected not to establish an ACL for accrued interest receivable for loans and investments in debt securities, given the Corporation’s non-accrual policies, in which accrual of interest is discontinued and reversed based on the asset’s delinquency status. Allowance for credit losses – loans portfolio The Corporation establishes an ACL for its loan portfolio based on its estimate of credit losses over the remaining contractual term of the loans, adjusted for expected prepayments. An ACL is recognized for all loans including originated and purchased loans, since inception, with a corresponding charge to the provision for credit losses, except for PCD loans for which the ACL at acquisition is recorded as an addition to the purchase price with subsequent changes recorded in earnings. Loan losses are charged and recoveries are credited to the ACL. The Corporation follows a methodology to estimate the ACL which includes a reasonable and supportable forecast period for estimating credit losses, considering quantitative and qualitative factors as well as the economic outlook. As part of this methodology, management evaluates various macroeconomic scenarios provided by third parties. At December 31, 2021, management applied probability weights to the outcome of the selected scenarios. This evaluation includes benchmarking procedures as well as careful analysis of the underlying assumptions used to build the scenarios. The application of probability weights include baseline, optimistic and pessimistic scenarios. The weights applied are subject to evaluation on a quarterly basis as part of the ACL’s governance process. The Corporation considers additional macroeconomic scenarios as part of its qualitative adjustment framework. The macroeconomic variables chosen to estimate credit losses were selected by combining quantitative procedures with expert judgment. These variables were determined to be the best predictors of expected credit losses within the Corporation’s loan portfolios and include drivers such as unemployment rate, different measures of employment levels, house prices, gross domestic product and measures of disposable income, amongst others. The loss estimation framework includes a reasonable and supportable period of 2 years for PR portfolios, gradually reverting, over a 1-year horizon, to historical macroeconomic variables at the model input level. For the US portfolio the reasonable and supportable period considers the contractual life of the asset, impacted by prepayments, except for the US CRE portfolio. The US CRE portfolio utilizes a 2-year reasonable and supportable period gradually reverting, over a 1-year horizon, to historical information at the output level. The Corporation developed loan level quantitative models distributed by geography and loan type. This segmentation was determined by evaluating their risk characteristics, which include default patterns, source of repayment, type of collateral, and lending channels, amongst others. The modeling framework includes competing risk models to generate lifetime defaults and prepayments, and other loan level modeling techniques to estimate loss severity. Recoveries on future losses are contemplated as part of the loss severity modeling. These parameters are estimated by combining internal risk factors with macroeconomic expectations. In order to generate the expected credit losses, the output of these models is combined with loan level repayment information. The internal risk factors contemplated within the models may include borrowers’ credit scores, loan-to-value, delinquency status, risk ratings, interest rate, loan term, loan age and type of collateral, amongst others. The ACL also includes a qualitative framework that addresses two main components: losses that are expected but not captured within the quantitative modeling framework, and model imprecision. In order to identify potential losses that are not captured through the models, management evaluates model limitations as well as the different risks covered by the variables used in each quantitative model. The Corporation considers additional macroeconomic scenarios to address these risks. This assessment takes into consideration factors listed as part of ASC 326-20-55-4. To complement the analysis, management also evaluates whether there are sectors that have low levels of historical defaults, but current conditions show the potential for future losses. This type of qualitative adjustment is more prevalent in the commercial portfolios. The model imprecision component of the qualitative adjustments is determined after evaluating model performance for these portfolios through different time periods. This type of qualitative adjustment mainly impacts consumer portfolios. The Corporation has designated as collateral dependent loans secured by collateral when foreclosure is probable or when foreclosure is not probable but the practical expedient is used. The practical expedient is used when repayment is expected to be provided substantially by the sale or operation of the collateral and the borrower is experiencing financial difficulty. The ACL of collateral dependent loans is measured based on the fair value of the collateral less costs to sell. The fair value of the collateral is based on appraisals, which may be adjusted due to their age, and the type, location, and condition of the property or area or general market conditions to reflect the expected change in value between the effective date of the appraisal and the measurement date. In the case of troubled debt restructurings (“TDRs”), the established framework captures the impact of concessions through discounting modified contractual cash flows, both principal and interest, at the loan’s original effective rate. The impact of these concessions is combined with the expected credit losses generated by the quantitative loss models in order to arrive at the ACL. As a result, the ACL related to TDRs is impacted by the expected macroeconomic conditions. The Credit Cards portfolio, due to its revolving nature, does not have a specified maturity date. To estimate the average remaining term of this segment, management evaluated the portfolios payment behavior based on internal historical data. These payment behaviors were further classified into sub-categories that accounted for delinquency history and differences between transactors, revolvers and customers that have exhibited mixed transactor/revolver behavior. Transactors are defined as active accounts without any finance charge in the last 6 months. The paydown curves generated for each sub-category are applied to the outstanding exposure at the measurement date using the first-in first-out (FIFO) methodology. These amortization patterns are combined with loan level default and loss severity modeling to arrive at the ACL. Troubled debt restructurings A restructuring constitutes a TDR when the Corporation separately concludes that both of the following conditions exist: 1) the restructuring constitute a concession and 2) the debtor is experiencing financial difficulties. The concessions stem from an agreement between the Corporation and the debtor or are imposed by law or a court. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. A concession has been granted when, as a result of the restructuring, the Corporation does not expect to collect all amounts due, including interest accrued at the original contract rate. If the payment of principal is dependent on the value of collateral, the current value of the collateral is taken into consideration in determining the amount of principal to be collected; therefore, all factors that changed are considered to determine if a concession was granted, including the change in the fair value of the underlying collateral that may be used to repay the loan. Classification of loan modifications as TDRs involves a degree of judgment. Indicators that the debtor is experiencing financial difficulties which are considered include: (i) the borrower is currently in default on any of its debt or it is probable that the borrower would be in payment default on any of its debt in the foreseeable future without the modification; (ii) the borrower has declared or is in the process of declaring bankruptcy; (iii) there is significant doubt as to whether the borrower will continue to be a going concern; (iv) the borrower has securities that have been delisted, are in the process of being delisted, or are under threat of being delisted from an exchange; (v) based on estimates and projections that only encompass the borrower’s current business capabilities, it is forecasted that the entity-specific cash flows will be insufficient to service the debt (both interest and principal) in accordance with the contractual terms of the existing agreement through maturity; and (vi) absent the current modification, the borrower cannot obtain funds from sources other than the existing creditors at an effective interest rate equal to the current market interest rate for similar debt for a non-troubled debtor. The identification of TDRs is critical in the determination of the adequacy of the ACL. A loan may be restructured in a troubled debt restructuring into two (or more) loan agreements, for example, Note A and Note B. Note A represents the portion of the original loan principal amount that is expected to be fully collected along with contractual interest. Note B represents the portion of the original loan that may be considered uncollectible and charged-off, but the obligation is not forgiven to the borrower. Note A may be returned to accrual status provided all of the conditions for a TDR to be returned to accrual status are met. The modified loans are considered TDRs. Refer to Note 9 to the Consolidated Financial Statements for additional qualitative information on TDRs and the Corporation’s determination of the ACL. Reserve for unfunded commitments The Corporation establishes a reserve for unfunded commitments, based on the estimated losses over the remaining term of the facility. An allowance is not established for commitments that are unconditionally cancellable by the Corporation. Accordingly, no reserve is established for unfunded commitments related to its credit cards portfolio. Reserve for the unfunded portion of credit commitments is presented within other liabilities in the Consolidated Statements of Financial Condition. Net adjustments to the reserve for unfunded commitments are reflected in the Consolidated Statements of Operations as provision for credit losses for the years ended December 31, 2021 and 2020. Transfers and servicing of financial assets The transfer of an entire financial asset, a group of entire financial assets, or a participating interest in an entire financial asset in which the Corporation surrenders control over the assets is accounted for as a sale if all of the following conditions set forth in ASC Topic 860 are met: (1) the assets must be isolated from creditors of the transferor, (2) the transferee must obtain the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the transferor cannot maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. When the Corporation transfers financial assets and the transfer fails any one of these criteria, the Corporation is prevented from derecognizing the transferred financial assets and the transaction is accounted for as a secured borrowing. For federal and Puerto Rico income tax purposes, the Corporation treats the transfers of loans which do not qualify as “true sales” under the applicable accounting guidance, as sales, recognizing a deferred tax asset or liability on the transaction. For transfers of financial assets that satisfy the conditions to be

New accounting pronouncements

New accounting pronouncements	12 Months Ended
	Dec. 31, 2021
New Accounting Pronouncements and Changes in Accounting Principles
New Accounting Pronouncements	Note 3 - New accounting pronouncements Recently Adopted Accounting Standards Updates Standard Description Date of adoption Effect on the financial statements FASB ASU 2021-06, Presentation of Financial Statements (Topic 205), Financial Services – Depository and Lending (Topic 942), and Financial Services – Investment Companies (Topic 946): Amendments to SEC Paragraphs Pursuant to SEC Financial Rule Releases No. 33-10786, Amendments to Financial Disclosures about Acquired and Disposed Businesses, and No. 33-10835, Update of Statistical Disclosures for Bank and Savings and Loan Registrants The FASB issued ASU 2021-06 in August 2021, which amends certain paragraphs from the ASC in response to the issuance of SEC Final Rules Nos. 33-10786 and 33-10835. August 9, 2021 The adoption of ASU 2021-06 during 2021 resulted in simplified MD&A disclosures. FASB ASU 2020-10, Codification Improvements The FASB issued ASU 2020-10 in October 2020 which moves all disclosures guidance to the appropriate codification section and makes other improvements and technical corrections. December 31, 2021 The Corporation was not impacted by the adoption of ASU 2020-10 during the fourth quarter of 2021. FASB ASU 2020-08, Codification Improvements to Subtopic 310-20 – Receivables – Nonrefundable Fees and Other Costs The FASB issued ASU 2020-08 in October 2020 which clarifies that a reporting entity should assess whether a callable debt security purchased at a premium is within the scope of ASC 310-20-35-33 each reporting period, which impacts the amortization period for nonrefundable fees and other costs. January 1, 2021 The Corporation was not impacted by the adoption of ASU 2020-08 during the first quarter of 2021 since it does not currently hold purchased callable debt securities at a premium. FASB ASU 2020-04, Reference Rate Reform (Topic 848) The FASB issued ASU 2020-04 in March 2020, which provides accounting relief from the impact of the cessation of LIBOR by, among other things, providing optional expedients to treat contract modifications resulting from such reference rate reform as a continuation of the existing contract and for hedging relationships to not be de-designated resulting from such changes provided certain criteria are met. December 31, 2021 The Corporation identified all LIBOR-based contracts that will be impacted by the cessation of LIBOR. It has incorporated fallback language in new contracts and is in the process of completing the modification of existing contracts to include adequate fallback language. The Company has no outstanding hedge accounting relationships tied to LIBOR-based assets or liabilities. Furthermore, the Company stopped originating LIBOR-based contracts in December 2021 so no new exposures will be added prospectively. The election to apply the optional expedients did not have a material impact on the Consolidated Financial Statements. Standard Description Date of adoption Effect on the financial statements FASB ASU 2020-01, Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323 and Topic 815 The FASB issued ASU 2020-01 in January 2020, which clarifies that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative in accordance with Topic 321 and includes scope considerations for entities that hold non-derivative forward contracts and purchased options to acquire equity securities that, upon settlement of the forward contract or exercise of the purchase option, would be accounted for under the equity method of accounting. January 1, 2021 The Corporation was not impacted by the adoption of ASU 2020-01 during the first quarter of 2021 since it does not hold non-derivative forward contracts and purchased options to acquire equity securities that, upon settlement of the forward or exercise of the purchase option, would be accounted for under the equity method of accounting. Notwithstanding, it will consider this guidance for the purposes of applying the measurement alternative in ASC Topic 321 immediately before applying or discontinuing the equity method of accounting. FASB ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes The FASB issued ASU 2019-12 in December 2019, which simplifies the accounting for income taxes by removing certain exceptions such as the incremental approach for intraperiod tax allocation and interim period income tax accounting for year-to-date losses that exceed anticipated losses. In addition, the ASU simplifies GAAP in a number of areas such as when separate financial statements of legal entities are not subject to tax and enacted changes in tax laws in interim periods. January 1, 2021 The Corporation adopted ASU 2019-12 during the first quarter of 2021 but was not materially impacted by the amendments of this ASU. It will consider this guidance for enacted changes in tax laws, subsequent step-ups in the tax basis of goodwill, or ownership changes in investments. FASB ASUs Financial Instruments – Credit Losses (Topic 326) The CECL model applies to financial assets measured at amortized cost that are subject to credit losses and certain off-balance sheet exposures. CECL establishes a forward-looking methodology that reflects the expected credit losses over the lives of financial assets, starting when such assets are first acquired or originated. Under the revised methodology, credit losses are measured based on past events, current conditions and reasonable and supportable forecasts that affect the collectability of financial assets. CECL also revises the approach to recognizing credit losses for available-for-sale securities by replacing the direct write-down approach with the allowance approach and limiting the allowance to the amount at which the security’s fair value is less than the amortized cost. In addition, CECL provides that the initial allowance for credit losses on purchased credit deteriorated (“PCD”) financial assets will be recorded as an increase to the purchase price, with subsequent changes to the allowance recorded as a credit loss expense. The standards also expand credit quality disclosures. These accounting standards updates were effective on January 1, 2020. Prior to the adoption of CECL, the Corporation followed a systematic methodology to establish and evaluate the adequacy of the allowance for credit losses to provide for probable losses in the loan portfolio. As a result of the adoption, the Corporation recorded an increase in its allowance for credit losses related to its loan portfolio of $ 315 million, and a decrease of $ 9 million in the allowance for credit losses for unfunded commitments and credit recourse guarantees which is recorded in Other Liabilities. The Corporation also recognized an allowance for credit losses of approximately $ 13 million related to its held-to-maturity debt securities portfolio. The adoption of CECL was recognized under the modified retrospective approach. Therefore, the adjustments to record the increase in the allowance for credit losses was recorded as a decrease to the opening balance of retained earnings of the year of implementation, net of income taxes, except for approximately $ 17 million related to loans previously accounted under ASC Subtopic 310-30, which resulted in a reclassification between certain contra loan balance accounts to the allowance for credit losses. The total impact to retained earnings, net of tax, related to the adoption of CECL was of $ 205.8 million. As part of the adoption of CECL, the Corporation made the election to break the existing pools of purchased credit impaired (“PCI”) loans and, as such, these loans are no longer excluded from non-performing status. Accounting Standards Updates Not Yet Adopted Standard Description Date of adoption Effect on the financial statements FASB ASU 2021-08, Business Combinations (Topic 805) – Accounting for Contract Assets and Contract Liabilities from Contracts with Customers The FASB issued ASU 2021-08 in October 2021, which amends ASC Topic 805 by requiring contract assets and contract liabilities arising from revenue contracts with customers to be recognized in accordance with ASC Topic 606 on the acquisition date instead of fair value. January 1, 2023 Upon adoption of this ASU, the Corporation will consider this guidance for revenue contracts with customers recognized as part of business combinations entered into on or after the effective date. FASB ASU 2021-05, Leases (Topic 842), Lessors – Certain Leases with Variable Lease Payments The FASB issued ASU 2021-05 in July 2021, which amends ASC Topic 842 so that lessors can classify as operating leases those leases with variable lease payments that, prior to these amendments, would have been classified as a sales-type or direct financing lease and at inception a loss would have been recognized. January 1, 2022 The Corporation does not expect to be impacted by the adoption of this ASU since it does not hold direct financing leases with variable lease payments. FASB ASU 2021-04, Earnings per Share (Topic 260), Debt – Modifications and Extinguishments (Subtopic 470-50), Compensation – Stock Compensation (Topic 718), and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (a consensus of the FASB Emerging Issues Task Force) The FASB issued ASU 2021-04 in May 2021, which clarifies the accounting for a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after a modification or exchange and the related EPS effects of such transaction if recognized as an adjustment to equity. January 1, 2022 Upon adoption of this ASU, the Corporation will consider this guidance for modifications or exchanges of freestanding equity-classified written call options. FASB ASU 2020-06, Debt – Debt with Conversion and other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity The FASB issued ASU 2020-06 in August 2020 which, among other things, simplifies the accounting for convertible instruments and contracts in an entity’s own equity and amends the diluted EPS computation for these instruments. January 1, 2022 Upon adoption of this standard, the Corporation will consider these amendments in its evaluation of contracts in its own equity, including accelerated share repurchase transactions.

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
Business Combination	Note 4 – Business combination On October 15, 2021, Popular Equipment Finance, LLC (“PEF”), a newly formed wholly-owned subsidiary of Popular Bank (“PB”), completed the acquisition of certain assets and the assumption of certain liabilities of K2 Capital Group LLC’s (“K2”) equipment leasing and financing business based in Minnesota (the “Acquired Business”). Commercial loans acquired by PEF as part of this transaction consisted of $ 105 million in commercial direct financing leases and $ 14 million in working capital lines. Refer to Note 2, Summary of significant accounting policies, for further details. Specializing in the healthcare industry, the Acquired Business provides a variety of lease products, including operating and finance leases, and also offers private label vendor finance programs to equipment manufacturers and healthcare organizations. The acquisition provides PB with a national equipment leasing platform that complements its existing health care lending business. The following table presents the fair values of the consideration and major classes of identifiable assets acquired and liabilities assumed by PEF as of October 15, 2021. Book value prior to purchase accounting Fair value As recorded by (In thousands) adjustments adjustments Popular, Inc. Cash consideration $ 156,628 $ - $ 156,628 Contingent consideration - 9,241 9,241 Total consideration $ 156,628 $ 9,241 $ 165,869 Assets: Cash and due from banks $ 800 $ - $ 800 Commercial loans 118,907 ( 3,332) 115,575 Premises and equipment 6,987 2,009 8,996 Accrued income receivable 57 - 57 Other assets 2,822 - 2,822 Other intangible assets - 2,887 2,887 Total assets $ 129,573 $ 1,564 $ 131,137 Liabilities: Other liabilities 14,439 - 14,439 Total liabilities $ 14,439 $ - $ 14,439 Net assets acquired $ 115,134 $ 1,564 $ 116,698 Goodwill on acquisition $ 49,171 The fair values initially assigned to the assets acquired and liabilities assumed are preliminary and are subject to refinement for up to one year after the closing date of the acquisition as new information relative to closing date fair values becomes available. As the Corporation finalizes its analyses, there may continue to be adjustments to the recorded carrying values, and thus the recognized goodwill may increase or decrease. Following is a description of the methods used to determine the fair values of significant assets acquired and liabilities assumed on the K2 Transaction: Commercial Loans In determining the fair value of commercial direct financing leases, the specific terms and conditions of each lease agreement were considered. The fair values for commercial direct financing leases were calculated based on the fair value of the underlying collateral, or from the cash flows expected to be collected discounted at a market rate commensurate with the credit risk profile of the lessee at origination in instances where there was a purchase option at the end of the lease term with a stated guaranteed residual value. Fair values for commercial working capital lines were calculated based on the present value of remaining contractual payments discounted at a market rate commensurate with the credit risk profile of the borrower at origination. These commercial loans were accounted for under ASC Subtopic 310-20. As of October 15, 2021, the gross contractual receivable for commercial loans amounted to $ 125 million. An allowance for credit losses of $ 1 million was recognized as of October 15, 2021 with an offset to provision for credit losses, which represents the estimate of contractual cash flows not expected to be collected. Goodwill The amount of goodwill is the residual difference between the consideration transferred to K2 and the fair value of the assets acquired, net of the liabilities assumed. The entire amount of goodwill is deductible for income tax purposes pursuant to U.S. Internal Revenue Code (“IRC”) section 197 over a 15-year period. Contingent consideration The fair value of the contingent consideration, which relates to approximately $ 29 million in earnout payments that could be payable to K2 over a three-year period, was calculated based on a Montecarlo Simulation model. The Corporation believes that given the amount of assets and liabilities assumed and the size of the operations acquired in relation to Popular’s operations, the historical results of K2 are not significant to Popular’s results, and thus no pro forma information is presented.

Restrictions on cash and due fr

Restrictions on cash and due from banks and certain securities	12 Months Ended
	Dec. 31, 2021
Restricted cash and investment [Abstract]
Restricted On Cash And Due From Banks And Certain Securities	Note 5 - Restrictions on cash and due from banks and certain securities BPPR is required by regulatory agencies to maintain average reserve balances with the Federal Reserve Bank of New York (the “Fed”) or other banks. Those required average reserve balances amounted to $ 2.7 billion at December 31, 2021 (December 31, 2020 - $ 2.3 billion). Cash and due from banks, as well as other highly liquid securities, are used to cover the required average reserve balances. At December 31, 2021, the Corporation held $ 50 million in restricted assets in the form of funds deposited in money market accounts, debt securities available for sale and equity securities (December 31, 2020 - $ 39 million). The restricted assets held in debt securities available for sale and equity securities consist primarily of assets held for the Corporation’s non-qualified retirement plans and fund deposits guaranteeing possible liens or encumbrances over the title of insured properties.

Debt securities available-for-s

Debt securities available-for-sale	12 Months Ended
	Dec. 31, 2021
Debt securities available-for-sale
Debt Securities, Available-for-sale
Investments in debt and marketable equity securities	Note 6 – Debt securities available-for-sale The following tables present the amortized cost, gross unrealized gains and losses, approximate fair value, weighted average yield and contractual maturities of debt securities available-for-sale at December 31, 2021 and December 31, 2020 At December 31, 2021 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 1,225,558 $ 13,556 $ 69 $ 1,239,045 2.33 % After 1 to 5 years 10,059,163 98,808 65,186 10,092,785 1.18 After 5 to 10 years 4,563,265 739 36,804 4,527,200 1.22 Total U.S. Treasury securities 15,847,986 113,103 102,059 15,859,030 1.27 Obligations of U.S. Government sponsored entities Within 1 year 70 - - 70 5.63 Total obligations of U.S. Government sponsored entities 70 - - 70 5.63 Collateralized mortgage obligations - federal agencies After 1 to 5 years 2,433 42 - 2,475 2.16 After 5 to 10 years 43,241 295 6 43,530 1.54 After 10 years 172,176 3,441 357 175,260 2.13 Total collateralized mortgage obligations - federal agencies 217,850 3,778 363 221,265 2.01 Mortgage-backed securities Within 1 year 11 1 - 12 4.79 After 1 to 5 years 65,749 2,380 11 68,118 2.23 After 5 to 10 years 665,600 17,998 5 683,593 1.97 After 10 years 8,263,835 68,128 195,910 8,136,053 1.67 Total mortgage-backed securities 8,995,195 88,507 195,926 8,887,776 1.69 Other After 1 to 5 years 123 5 - 128 3.62 Total other 123 5 - 128 3.62 Total debt securities available-for-sale [1] $ 25,061,224 $ 205,393 $ 298,348 $ 24,968,269 1.42 % [1] Includes $ 22.0 billion pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $ 20.9 billion serve as collateral for public funds. At December 31, 2020 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 4,900,055 $ 16,479 $ - $ 4,916,534 0.69 % After 1 to 5 years 5,007,223 259,399 - 5,266,622 2.05 After 5 to 10 years 567,367 37,517 - 604,884 1.68 Total U.S. Treasury securities 10,474,645 313,395 - 10,788,040 1.40 Obligations of U.S. Government sponsored entities Within 1 year 59,993 101 - 60,094 1.46 After 1 to 5 years 90 - - 90 5.64 Total obligations of U.S. Government sponsored entities 60,083 101 - 60,184 1.47 Collateralized mortgage obligations - federal agencies After 1 to 5 years 1,388 14 - 1,402 2.97 After 5 to 10 years 61,229 1,050 - 62,279 1.56 After 10 years 318,292 10,202 43 328,451 2.04 Total collateralized mortgage obligations - federal agencies 380,909 11,266 43 392,132 1.97 Mortgage-backed securities Within 1 year 5,616 56 - 5,672 2.83 After 1 to 5 years 50,393 1,735 - 52,128 2.35 After 5 to 10 years 454,880 20,022 6 474,896 1.91 After 10 years 9,608,860 180,844 1,839 9,787,865 1.94 Total mortgage-backed securities 10,119,749 202,657 1,845 10,320,561 1.94 Other After 1 to 5 years 224 11 - 235 3.62 Total other 224 11 - 235 3.62 Total debt securities available-for-sale [1] $ 21,035,610 $ 527,430 $ 1,888 $ 21,561,152 1.66 % [1] Includes $ 18.2 billion pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $ 16.9 billion serve as collateral for public funds. The weighted average yield on debt securities available-for-sale is based on amortized cost; therefore, it does not give effect to changes in fair value. Securities not due on a single contractual maturity date, such as mortgage-backed securities and collateralized mortgage obligations, are classified in the period of final contractual maturity. The expected maturities of collateralized mortgage obligations, mortgage-backed securities and certain other securities may differ from their contractual maturities because they may be subject to prepayments or may be called by the issuer. The following table presents the aggregate amortized cost and fair value of debt securities available-for-sale at December 31, 2021 by contractual maturity. (In thousands) Amortized cost Fair value Within 1 year $ 1,225,639 $ 1,239,127 After 1 to 5 years 10,127,468 10,163,506 After 5 to 10 years 5,272,106 5,254,323 After 10 years 8,436,011 8,311,313 Total debt securities available-for-sale $ 25,061,224 $ 24,968,269 During the years ended December 31, 2021 and 2020 , the Corporation sold U.S. Treasury Notes. The proceeds from these sales were $ 236 million and $ 5 million, respectively. Gross realized gains and losses on the sale of debt securities available-for-sale for the years ended December 31, 2021, 2020 and 2019 were as follows: (In thousands) 2021 2020 2019 Gross realized gains $ 695 $ 41 $ - Gross realized losses ( 672) - ( 20) Net realized gains (losses) on sale of debt securities available-for-sale $ 23 $ 41 $ ( 20) The following tables present the Corporation’s fair value and gross unrealized losses of debt securities available-for-sale, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2021 and 2020. At December 31, 2021 Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Fair unrealized Fair unrealized (In thousands) value losses value losses value losses U.S. Treasury securities $ 9,590,448 $ 102,059 $ - $ - $ 9,590,448 $ 102,059 Collateralized mortgage obligations - federal agencies 35,533 334 1,084 29 36,617 363 Mortgage-backed securities 5,767,556 170,614 595,051 25,312 6,362,607 195,926 Total debt securities available-for-sale in an unrealized loss position $ 15,393,537 $ 273,007 $ 596,135 $ 25,341 $ 15,989,672 $ 298,348 At December 31, 2020 Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Fair unrealized Fair unrealized (In thousands) value losses value losses value losses Collateralized mortgage obligations - federal agencies $ 4,029 $ 43 $ - $ - $ 4,029 $ 43 Mortgage-backed securities 886,432 1,834 555 11 886,987 1,845 Total debt securities available-for-sale in an unrealized loss position $ 890,461 $ 1,877 $ 555 $ 11 $ 891,016 $ 1,888 As of December 31, 2021, the portfolio of available-for-sale debt securities reflects gross unrealized losses of approximately $ 298 million, driven mainly by U.S. Treasury Securities and mortgage-backed securities, which were impacted by increases in the interest rate environment. The following table states the name of issuers, and the aggregate amortized cost and fair value of the debt securities of such issuer (includes available-for-sale and held-to-maturity debt securities), in which the aggregate amortized cost of such securities exceeds 10% of stockholders’ equity. This information excludes debt securities backed by the full faith and credit of the U.S. Government. Investments in obligations issued by a state of the U.S. and its political subdivisions and agencies, which are payable and secured by the same source of revenue or taxing authority, other than the U.S. Government, are considered securities of a single issuer. 2021 2020 (In thousands) Amortized cost Fair value Amortized cost Fair value FNMA $ 1,533,637 $ 1,587,127 $ 2,242,121 $ 2,338,897 Freddie Mac 3,228,543 3,176,197 3,616,238 3,675,679

Debt securities held-to-maturit

Debt securities held-to-maturity	12 Months Ended
	Dec. 31, 2021
Held To Maturity Debt Securities
Debt Securities, Held-to-maturity
Investments in debt and marketable equity securities	Note 7 –Debt securities held-to-maturity The following tables present the amortized cost, allowance for credit losses, gross unrealized gains and losses, approximate fair value, weighted average yield and contractual maturities of debt securities held-to-maturity at December 31, 2021 and 2020. At December 31, 2021 Allowance Gross Gross Weighted Amortized for Credit Net of unrealized unrealized Fair average (In thousands) cost Losses Allowance gains losses value yield Obligations of Puerto Rico, States and political subdivisions Within 1 year $ 4,240 $ 7 $ 4,233 $ 4 $ - $ 4,237 6.07 % After 1 to 5 years 14,395 148 14,247 149 - 14,396 6.23 After 5 to 10 years 11,280 122 11,158 104 - 11,262 2.18 After 10 years 43,561 7,819 35,742 11,746 - 47,488 1.50 Total obligations of Puerto Rico, States and political subdivisions 73,476 8,096 65,380 12,003 - 77,383 2.79 Collateralized mortgage obligations - federal agencies After 1 to 5 years 25 - 25 - - 25 6.44 Total collateralized mortgage obligations - federal agencies 25 - 25 - - 25 6.44 Securities in wholly owned statutory business trusts After 10 years 5,960 - 5,960 - - 5,960 6.33 Total securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 6.33 Total debt securities held-to-maturity $ 79,461 $ 8,096 $ 71,365 $ 12,003 $ - $ 83,368 3.06 % At December 31, 2020 Allowance Gross Gross Weighted Amortized for Credit Net of unrealized unrealized Fair average (In thousands) cost Losses Allowance gains losses value yield Obligations of Puerto Rico, States and political subdivisions Within 1 year $ 3,990 $ 50 $ 3,940 $ 47 $ - $ 3,987 6.05 % After 1 to 5 years 16,030 710 15,320 710 - 16,030 6.16 After 5 to 10 years 14,845 573 14,272 295 23 14,544 2.77 After 10 years 46,164 8,928 37,236 11,501 - 48,737 1.58 Total obligations of Puerto Rico, States and political subdivisions 81,029 10,261 70,768 12,553 23 83,298 2.93 Collateralized mortgage obligations - federal agencies After 1 to 5 years 31 - 31 1 - 32 6.44 Total collateralized mortgage obligations - federal agencies 31 - 31 1 - 32 6.44 Securities in wholly owned statutory business trusts After 10 years 11,561 - 11,561 - - 11,561 6.51 Total securities in wholly owned statutory business trusts 11,561 - 11,561 - - 11,561 6.51 Total debt securities held-to-maturity $ 92,621 $ 10,261 $ 82,360 $ 12,554 $ 23 $ 94,891 3.38 % Securities not due on a single contractual maturity date, such as collateralized mortgage obligations, are classified in the period of final contractual maturity. The expected maturities of collateralized mortgage obligations and certain other securities may differ from their contractual maturities because they may be subject to prepayments or may be called by the issuer. The following table presents the aggregate amortized cost and fair value of debt securities held-to-maturity at December 31, 2021 by contractual maturity. (In thousands) Amortized cost Fair value Within 1 year $ 4,240 $ 4,237 After 1 to 5 years 14,420 14,421 After 5 to 10 years 11,280 11,262 After 10 years 49,521 53,448 Total debt securities held-to-maturity $ 79,461 $ 83,368 Credit Quality Indicators The following describes the credit quality indicators by major security type that the Corporation considers in its’ estimate to develop the allowance for credit losses for investment securities held-to-maturity. At December 31, 2021 and December 31, 2020, the “Obligations of Puerto Rico, States and political subdivisions” classified as held-to-maturity, includes securities issued by municipalities of Puerto Rico that are generally not rated by a credit rating agency. This includes $ 30 million of general and special obligation bonds issued by three municipalities of Puerto Rico, that are payable primarily from certain property taxes imposed by the issuing municipality (December 31, 2020 - $ 35 million). In the case of general obligations, they also benefit from a pledge of the full faith, credit and unlimited taxing power of the issuing municipality, which is required by law to levy property taxes in an amount sufficient for the payment of debt service on such general obligation bonds. The Corporation performs periodic credit quality reviews of these securities and internally assigns standardized credit risk ratings based on its evaluation. The Corporation considers these ratings in its estimate to develop the allowance for credit losses associated with these securities. For the definitions of the obligor risk ratings, refer to the Credit Quality section of Note 9. The following presents the amortized cost basis of securities held by the Corporation issued by municipalities of Puerto Rico aggregated by the internally assigned standardized credit risk rating: At December 31, 2021 At December 31, 2020 (In thousands) Securities issued by Puerto Rico municipalities Watch $ 16,345 $ 35,315 Pass 13,800 - Total $ 30,145 $ 35,315 At December 31, 2021, the portfolio of “Obligations of Puerto Rico, States and political subdivisions” also includes $ 43 million in securities issued by the Puerto Rico Housing Finance Authority (“HFA”), a government instrumentality, for which the underlying source of payment is second mortgage loans in Puerto Rico residential properties (not the government), but for which HFA, provides a guarantee in the event of default and upon the satisfaction of certain other conditions (December 31, 2020 - $ 46 million). These securities are not rated by a credit rating agency. The Corporation assesses the credit risk associated with these securities by evaluating the refreshed FICO scores of a representative sample of the underlying borrowers. At December 31, 2021, the average refreshed FICO score for the representative sample, comprised of 64% of the nominal value of the securities, used for the loss estimate was of 704 (compared to 66% and 697, respectively, at December 31, 2020). The loss estimates for this portfolio was based on the methodology established under CECL for similar loan obligations. The Corporation does not consider the government guarantee when estimating the credit losses associated with this portfolio. A further deterioration of the Puerto Rico economy or of the fiscal health of the Government of Puerto Rico and/or its instrumentalities (including if any of the issuing municipalities become subject to a debt restructuring proceeding under PROMESA) could further affect the value of these securities, resulting in losses to the Corporation. Refer to Note 24 for additional information on the Corporation’s exposure to the Puerto Rico Government. Delinquency status At December 31, 2021 and December 31, 2020, there were no securities held-to-maturity in past due or non-performing status. Allowance for credit losses on debt securities held-to-maturity The following table provides the activity in the allowance for credit losses related to debt securities held-to-maturity by security type at December 31, 2021 and December 31, 2020: For the year ended December 31, 2021 2020 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 10,261 $ - Impact of adopting CECL - 12,654 Provision for credit losses (benefit) ( 2,165) ( 2,393) Securities charged-off - - Recoveries - - Ending balance $ 8,096 $ 10,261 The allowance for credit losses for the Obligations of Puerto Rico, States and political subdivisions includes $ 0.3 million for securities issued by municipalities of Puerto Rico, and $ 7.8 million for bonds issued by the Puerto Rico HFA, which are secured by second mortgage loans on Puerto Rico residential properties (compared to $ 1.4 million and $ 8.9 million, respectively, at December 31, 2020).

Loans

Loans	12 Months Ended
	Dec. 31, 2021
Receivables
Loans	Note 8 – Loans For a summary of the accounting policies related to loans, interest recognition and allowance for credit losses refer to Note 2 - Summary of Significant Accounting Policies of this Form 10-K. During the year ended December 31, 2021 , the Corporation recorded purchases (including repurchases) of mortgage loans amounting to $ 393 million including $ 14 million in Purchased Credit Deteriorated (“PCD”) loans, consumer loans of $ 61 million and commercial loans of $ 139 million; compared to purchases (including repurchases) of mortgage loans of $ 1.3 billion including $ 160 million in PCD loans, consumer loans of $ 56 million and commercial loans of $ 26 million, during the year ended December 31, 2020 . During 2020, these mortgage loan repurchases included a bulk repurchase transaction of $ 688 million in GNMA loans, of which $ 684 million were 90 days past due at that time, including $ 324 million which were already included in the Corporation’s ending portfolio balance at June 30, 2020, since due to the delinquency status of the loans the Corporation had the right but not the obligation to repurchase the assets and is required to recognize (rebook) these loans in accordance with U.S. GAAP. The bulk repurchase also included $ 120 million in loans from the FNMA and FHMLC servicing portfolio, subject to credit recourse which were considered PCD loans. The Corporation performed whole-loan sales involving approximately $ 145 million of residential mortgage loans and $ 131 million of commercial and construction loans during the year ended December 31, 2021 ( December 31, 2020 - $ 150 million of residential mortgage loans and $ 32 million of commercial loans). Also, during the year ended December 31, 2021 , the Corporation securitized approximately $ 380 million of mortgage loans into Government National Mortgage Association (“GNMA”) mortgage-backed securities $ 330 million of mortgage loans into Federal National Mortgage Association (“FNMA”) mortgage-backed securities, compared to $ 332 million and $ 176 million, respectively, during the year ended December 31, 2020. Also, the Corporation securitized approximately $ 23 million of mortgage loans into Federal Home Loan Mortgage Corporation (“FHLMC”) mortgage-backed securities during the year ended December 31, 2021 . As previously disclosed in Note 4, on October 15, 2021 Popular Equipment Finance LLC acquired $ 105 million in commercial finance leases and $ 14 million in working capital lines as a result of the acquisition of certain assets and the assumption of certain liabilities from the K2 Capital Group LLC. The portfolio of leases and loans from the acquired business is included in the information presented in this note. Delinquency status The following tables present the amortized cost basis of loans held-in-portfolio (“HIP”), net of unearned income, by past due status, and by loan class including those that are in non-performing status or that are accruing interest but are past due 90 days or more at December 31, 2021 and 2020. December 31, 2021 Puerto Rico Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 314 $ - $ 272 $ 586 $ 154,183 $ 154,769 $ 272 $ - Commercial real estate: Non-owner occupied 2,399 136 20,716 23,251 2,266,672 2,289,923 20,716 - Owner occupied 3,329 278 54,335 57,942 1,365,787 1,423,729 54,335 - Commercial and industrial 3,438 1,727 45,242 50,407 3,478,041 3,528,448 44,724 518 Construction - - 485 485 86,626 87,111 485 - Mortgage 217,830 81,754 805,245 1,104,829 5,147,037 6,251,866 333,887 471,358 Leasing 9,240 2,037 3,102 14,379 1,366,940 1,381,319 3,102 - Consumer: Credit cards 5,768 3,520 8,577 17,865 901,986 919,851 - 8,577 Home equity lines of credit 46 - 23 69 3,502 3,571 - 23 Personal 10,027 6,072 21,235 37,334 1,250,726 1,288,060 21,235 - Auto 59,128 15,019 23,085 97,232 3,314,955 3,412,187 23,085 - Other 432 714 12,621 13,767 110,781 124,548 12,448 173 Total $ 311,951 $ 111,257 $ 994,938 $ 1,418,146 $ 19,447,236 $ 20,865,382 $ 514,289 $ 480,649 December 31, 2021 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 3,826 $ - $ - $ 3,826 $ 1,804,035 $ 1,807,861 $ - $ - Commercial real estate: Non-owner occupied 5,721 683 622 7,026 2,316,441 2,323,467 622 - Owner occupied 1,095 - 1,013 2,108 392,265 394,373 1,013 - Commercial and industrial 9,410 2,680 4,015 16,105 1,794,026 1,810,131 3,897 118 Construction - - - - 629,109 629,109 - - Mortgage 11,711 2,573 21,969 36,253 1,139,077 1,175,330 21,969 - Consumer: Credit cards - - - - 10 10 - - Home equity lines of credit 71 34 5,406 5,511 69,780 75,291 5,406 - Personal 863 574 681 2,118 152,827 154,945 681 - Other - - - - 4,658 4,658 - - Total $ 32,697 $ 6,544 $ 33,706 $ 72,947 $ 8,302,228 $ 8,375,175 $ 33,588 $ 118 December 31, 2021 Popular, Inc. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP [2] [3] loans loans Commercial multi-family $ 4,140 $ - $ 272 $ 4,412 $ 1,958,218 $ 1,962,630 $ 272 $ - Commercial real estate: Non-owner occupied 8,120 819 21,338 30,277 4,583,113 4,613,390 21,338 - Owner occupied 4,424 278 55,348 60,050 1,758,052 1,818,102 55,348 - Commercial and industrial 12,848 4,407 49,257 66,512 5,272,067 5,338,579 48,621 636 Construction - - 485 485 715,735 716,220 485 - Mortgage [1] 229,541 84,327 827,214 1,141,082 6,286,114 7,427,196 355,856 471,358 Leasing 9,240 2,037 3,102 14,379 1,366,940 1,381,319 3,102 - Consumer: Credit cards 5,768 3,520 8,577 17,865 901,996 919,861 - 8,577 Home equity lines of credit 117 34 5,429 5,580 73,282 78,862 5,406 23 Personal 10,890 6,646 21,916 39,452 1,403,553 1,443,005 21,916 - Auto 59,128 15,019 23,085 97,232 3,314,955 3,412,187 23,085 - Other 432 714 12,621 13,767 115,439 129,206 12,448 173 Total $ 344,648 $ 117,801 $ 1,028,644 $ 1,491,093 $ 27,749,464 $ 29,240,557 $ 547,877 $ 480,767 [1] It is the Corporation’s policy to report delinquent residential mortgage loans insured by Federal Housing Administration (“FHA”) or guaranteed by the U.S. Department of Veterans Affairs (“VA”) as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured. The balance of these loans includes $ 13 million at December 31, 2021 related to the rebooking of loans previously pooled into GNMA securities, in which the Corporation had a buy-back option as further described below. Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to repurchases option are required to be reflected (rebooked) on the financial statements of BPPR with an offsetting liability. These balances include $ 304 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of December 31, 2021. Furthermore, the Corporation has approximately $ 50 million in reverse mortgage loans which are guaranteed by FHA, but which are currently not accruing interest. Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets. [2] Loans held-in-portfolio are net of $ 266 million in unearned income and exclude $ 59 million in loans held-for-sale. [3] Includes $ 6.6 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 3.2 billion were pledged at the Federal Home Loan Bank ("FHLB") as collateral for borrowings and $ 1.7 billion at the Federal Reserve Bank ("FRB") for discount window borrowings and $ 1.7 billion serve as collateral for public funds. December 31, 2020 Puerto Rico Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 796 $ - $ 505 $ 1,301 $ 150,979 $ 152,280 $ 505 $ - Commercial real estate: Non-owner occupied 2,189 3,503 77,137 82,829 1,924,504 2,007,333 77,137 - Owner occupied 8,270 1,218 92,001 101,489 1,497,406 1,598,895 92,001 - Commercial and industrial 10,223 775 35,012 46,010 4,183,098 4,229,108 34,449 563 Construction - - 21,497 21,497 135,609 157,106 21,497 - Mortgage [1] 195,602 87,726 1,428,824 1,712,152 5,057,991 6,770,143 414,343 1,014,481 Leasing 9,141 1,427 3,441 14,009 1,183,652 1,197,661 3,441 - Consumer: Credit cards 6,550 4,619 12,798 23,967 895,968 919,935 - 12,798 Home equity lines of credit 184 - 48 232 3,947 4,179 - 48 Personal 11,255 8,097 26,387 45,739 1,232,008 1,277,747 26,387 - Auto 53,186 12,696 15,736 81,618 3,050,610 3,132,228 15,736 - Other 304 483 15,052 15,839 110,826 126,665 14,881 171 Total $ 297,700 $ 120,544 $ 1,728,438 $ 2,146,682 $ 19,426,598 $ 21,573,280 $ 700,377 $ 1,028,061 [1] It is the Corporation’s policy to report delinquent residential mortgage loans insured by FHA or guaranteed by the VA as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured. These include $ 57 million in loans rebooked under the GNMA program at December 31, 2020, in which issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. December 31, 2020 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 5,273 $ - $ 1,894 $ 7,167 $ 1,736,544 $ 1,743,711 $ 1,894 $ - Commercial real estate: Non-owner occupied 924 3,640 669 5,233 1,988,577 1,993,810 669 - Owner occupied 191 650 334 1,175 343,205 344,380 334 - Commercial and industrial 1,117 72 3,091 4,280 1,540,513 1,544,793 3,091 - Construction 21,312 - 7,560 28,872 740,230 769,102 7,560 - Mortgage 33,422 15,464 14,864 63,750 1,056,787 1,120,537 14,864 - Consumer: Credit cards - - 3 3 28 31 - 3 Home equity lines of credit 236 342 7,491 8,069 86,502 94,571 7,491 - Personal 1,486 1,342 1,474 4,302 194,936 199,238 1,474 - Other - - 20 20 1,723 1,743 20 - Total $ 63,961 $ 21,510 $ 37,400 $ 122,871 $ 7,689,045 $ 7,811,916 $ 37,397 $ 3 December 31, 2020 Popular, Inc. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP [2] [3] loans loans Commercial multi-family $ 6,069 $ - $ 2,399 $ 8,468 $ 1,887,523 $ 1,895,991 $ 2,399 $ - Commercial real estate: Non-owner occupied 3,113 7,143 77,806 88,062 3,913,081 4,001,143 77,806 - Owner occupied 8,461 1,868 92,335 102,664 1,840,611 1,943,275 92,335 - Commercial and industrial 11,340 847 38,103 50,290 5,723,611 5,773,901 37,540 563 Construction 21,312 - 29,057 50,369 875,839 926,208 29,057 - Mortgage [1] 229,024 103,190 1,443,688 1,775,902 6,114,778 7,890,680 429,207 1,014,481 Leasing 9,141 1,427 3,441 14,009 1,183,652 1,197,661 3,441 - Consumer: Credit cards 6,550 4,619 12,801 23,970 895,996 919,966 - 12,801 Home equity lines of credit 420 342 7,539 8,301 90,449 98,750 7,491 48 Personal 12,741 9,439 27,861 50,041 1,426,944 1,476,985 27,861 - Auto 53,186 12,696 15,736 81,618 3,050,610 3,132,228 15,736 - Other 304 483 15,072 15,859 112,549 128,408 14,901 171 Total $ 361,661 $ 142,054 $ 1,765,838 $ 2,269,553 $ 27,115,643 $ 29,385,196 $ 737,774 $ 1,028,064 [1] It is the Corporation’s policy to report delinquent residential mortgage loans insured by FHA or guaranteed by the VA as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured. The balance of these loans includes $ 57 million at December 31, 2020 related to the rebooking of loans previously pooled into GNMA securities, in which the Corporation had a buy-back option as further described below. Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to repurchases option are required to be reflected (rebooked) on the financial statements of BPPR with an offsetting liability. These balances include $ 329 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of December 31, 2020. Furthermore, the Corporation has approximately $ 60 million in reverse mortgage loans which are guaranteed by FHA, but which are currently not accruing interest. Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets. [2] Loans held-in-portfolio are net of $ 203 million in unearned income and exclude $ 99 million in loans held-for-sale. [3] Includes $ 6.5 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 4.1 billion were pledged at the FHLB as collateral for borrowings and $ 2.4 billion at the FRB for discount window borrowings. Recognition of interest income on mortgage loans is generally discontinued when loans are 90 days or more in arrears on payments of principal or interest. The Corporation discontinues the recognition of interest income on residential mortgage loans insured by the FHA or guaranteed by VA when 15 months delinquent as to principal or interest, since the principal repayment on these loans is insured. At December 31, 2021, mortgage loans held-in-portfolio include $ 1.9 billion (December 31, 2020 - $ 2.1 billion) of loans insured by the FHA, or guaranteed VA of which $ 0.5 billion (December 31, 2020 - $ 1.0 billion) are 90 days or more past due. These balances include $ 716 million in loans modified under a TDR (December 31, 2020 - $ 655 million), that are presented as accruing loans. The portfolio of guaranteed loans includes $ 304 million of residential mortgage loans in Puerto Rico that are no longer accruing interest as of December 31, 2021 (December 31, 2020 - $ 329 million). The Corporation has approximately $ 50 million in reverse mortgage loans in Puerto Rico which are guaranteed by FHA, but which are currently not accruing interest at December 31, 2021 (December 31, 2020 - $ 60 million). Loans with a delinquency status of 90 days past due as of December 31, 2021 include $ 13 million in loans previously pooled into GNMA securities (December 31, 2020 - $ 57 million). Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to the repurchase option are required to be reflected on the financial statements of BPPR with an offsetting liability. Loans in our serviced GNMA portfolio benefit from payment forbearance programs but continue to reflect the contractual delinquency until the borrower repays deferred payments or completes a payment deferral modification or other borrower assistance alternative. The components of the net financing leases, including finance leases within the C&I category, receivable at December 31, 2021 and 2020 were as follows: (In thousands) 2021 2020 Total minimum lease payments $ 1,190,545 $ 957,367 Estimated residual value of leased property 518,670 419,024 Deferred origination costs, net of fees 21,474 18,141 Less - Unearned financing income 257,738 196,788 Net minimum lease payments 1,472,951 1,197,744 Less - Allowance for credit losses 18,581 16,863 Net minimum lease payments, net of allowance for credit losses $ 1,454,370 $ 1,180,881 At December 31, 2021, future minimum lease payments are expected to be received as follows: (In thousands) 2022 $ 106,927 2023 123,654 2024 181,405 2025 216,577 2026 369,592 2027 and thereafter 192,390 Total $ 1,190,545 The following tables present the amortized cost basis of non-accrual loans as of December 31, 2021 and 2020 by class of loans: December 31, 2021 Puerto Rico Popular U.S. Popular, Inc. (In thousands) Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Commercial multi-family $ - $ 272 $ - $ - $ - $ 272 Commercial real estate non-owner occupied 15,819 4,897 - 622 15,819 5,519 Commercial real estate owner occupied 13,491 40,844 - 1,013 13,491 41,857 Commercial and industrial 30,177 14,547 - 3,897 30,177 18,444 Construction - 485 - - - 485 Mortgage 169,827 164,060 29 21,940 169,856 186,000 Leasing 276 2,826 - - 276 2,826 Consumer: HELOCs - - - 5,406 - 5,406 Personal 6,279 14,956 81 600 6,360 15,556 Auto 879 22,206 - - 879 22,206 Other - 12,448 - - - 12,448 Total $ 236,748 $ 277,541 $ 110 $ 33,478 $ 236,858 $ 311,019 December 31, 2020 Puerto Rico Popular U.S. Popular, Inc. (In thousands) Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Commercial multi-family $ - $ 505 $ - $ 1,894 $ - $ 2,399 Commercial real estate non-owner occupied 35,968 41,169 - 669 35,968 41,838 Commercial real estate owner occupied 14,825 77,176 - 334 14,825 77,510 Commercial and industrial 1,148 33,301 - 3,091 1,148 36,392 Construction - 21,497 - 7,560 - 29,057 Mortgage 141,737 272,606 517 14,347 142,254 286,953 Leasing - 3,441 - - - 3,441 Consumer: HELOCs - - - 7,491 - 7,491 Personal 9,265 17,122 - 1,474 9,265 18,596 Auto - 15,736 - - - 15,736 Other - 14,881 - 20 - 14,901 Total $ 202,943 $ 497,434 $ 517 $ 36,880 $ 203,460 $ 534,314 Loans in non-accrual status with no allowance at December 31, 2021 include $ 237 million in collateral dependent loans (December 31, 2020 - $ 203 million). The Corporation recognized $ 3 million in interest income on non-accrual loans during the year ended December 31, 2021 (December 31, 2020 - $ 4 million). The Corporation has designated loans classified as collateral dependent for which the ACL is measured based on the fair value of the collateral less cost to sell, when foreclosure is probable or when the repayment is expected to be provided substantially by the sale or operation of the collateral and the borrower is experiencing financial difficulty. The fair value of the collateral is based on appraisals, which may be adjusted due to their age, and the type, location, and condition of the property or area or general market conditions to reflect the expected change in value between the effective date of the appraisal and the measurement date. Appraisals are updated every one to two years depending on the type of loan and the total exposure of the borrower. The following tables present the amortized cost basis of collateral-dependent loans, for which the ACL was measured based on the fair value of the collateral less cost to sell, by class of loans and type of collateral as of December 31, 2021 and 2020: December 31, 2021 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total Puerto Rico Commercial multi-family $ 1,374 $ - $ - $ - $ - $ 1,374 Commercial real estate: Non-owner occupied 211,026 - - - - 211,026 Owner occupied 47,268 - - - - 47,268 Commercial and industrial 2,650 - 680 10,675 27,893 41,898 Mortgage 179,774 - - - - 179,774 Leasing - 574 - - - 574 Consumer: Personal 6,165 - - - - 6,165 Auto - 8,983 - - - 8,983 Total Puerto Rico $ 448,257 $ 9,557 $ 680 $ 10,675 $ 27,893 $ 497,062 Popular U.S. Mortgage 926 - - - - 926 Total Popular U.S. $ 926 $ - $ - $ - $ - $ 926 Popular, Inc. Commercial multi-family $ 1,374 $ - $ - $ - $ - $ 1,374 Commercial real estate: Non-owner occupied 211,026 - - - - 211,026 Owner occupied 47,268 - - - - 47,268 Commercial and industrial 2,650 - 680 10,675 27,893 41,898 Mortgage 180,700 - - - - 180,700 Leasing - 574 - - - 574 Consumer: Personal 6,165 - - - - 6,165 Auto - 8,983 - - - 8,983 Total Popular, Inc. $ 449,183 $ 9,557 $ 680 $ 10,675 $ 27,893 $ 497,988 December 31, 2020 (In thousands) Real Estate Auto Equipment Taxi Medallions Accounts Receivables Other Total Puerto Rico Commercial multi-family $ 1,301 $ - $ - $ - $ - $ - $ 1,301 Commercial real estate: Non-owner occupied 299,223 - - - - - 299,223 Owner occupied 79,769 - - - - - 79,769 Commercial and industrial 7,577 - 1,438 - 10,989 12,046 32,050 Construction 21,497 - - - - - 21,497 Mortgage 181,648 - - - - - 181,648 Consumer: Personal 7,414 - - - - - 7,414 Auto - 4 - - - - 4 Total Puerto Rico $ 598,429 $ 4 $ 1,438 $ - $ 10,989 $ 12,046 $ 622,906 Popular U.S. Commercial multi-family $ 1,755 $ - $ - $ - $ - $ - $ 1,755 Commercial and industrial - - - 1,545 - - 1,545 Construction 7,560 - - - - - 7,560 Mortgage 855 - - - - - 855 Total Popular U.S. $ 10,170 $ - $ - $ 1,545 $ - $ - $ 11,715 Popular, Inc. Commercial multi-family $ 3,056 $ - $ - $ - $ - $ - $ 3,056 Commercial real estate: Non-owner occupied 299,223 - - - - - 299,223 Owner occupied 79,769 - - - - - 79,769 Commercial and industrial 7,577 - 1,438 1,545 10,989 12,046 33,595 Construction 29,057 - - - - - 29,057 Mortgage 182,503 - - - - - 182,503 Consumer: Personal 7,414 - - - - - 7,414 Auto - 4 - - - - 4 Total Popular, Inc. $ 608,599 $ 4 $ 1,438 $ 1,545 $ 10,989 $ 12,046 $ 634,621 Purchased Credit Deteriorated (PCD) Loans The Corporation has purchased loans during the year for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of those loans is as follows: (In thousands) December 31, 2021 December 31, 2020 Purchase price of loans at acquisition $ 10,995 $ 152,667 Allowance for credit losses at acquisition 3,142 7,512 Non-credit discount / (premium) at acquisition 446 ( 6,542) Par value of acquired loans at acquisition $ 14,583 $ 153,637

Allowance for credit losses - l

Allowance for credit losses - loans held-in-portfolio	12 Months Ended
	Dec. 31, 2021
Allowance for credit losses [Abstract]
Allowance for credit losses	Note 9 – Allowance for credit losses – loans held-in-portfolio The Corporation follows the current expected credit loss (“CECL”) model, to establish and evaluate the adequacy of the allowance for credit losses (“ACL”) to provide for expected losses in the loan portfolio. This model establishes a forward-looking methodology that reflects the expected credit losses over the lives of financial assets, starting when such assets are first acquired or originated. In addition, CECL provides that the initial ACL on purchased credit deteriorated (“PCD”) financial assets be recorded as an increase to the purchase price, with subsequent changes to the allowance recorded as a credit loss expense. The provision for credit losses recorded in current operations is based on this methodology. Loan losses are charged and recoveries are credited to the ACL. At December 31, 2021, the Corporation estimated the ACL by weighting the outputs of optimistic, baseline, and pessimistic scenarios. Among the three scenarios used to estimate the ACL, the baseline is assigned the highest probability, followed by the pessimistic scenario given the uncertainties in the economic outlook and downside risk. The weights applied are subject to evaluation on a quarterly basis as part of the ACL’s governance process. The current baseline forecast continues to show a favorable economic scenario. The 2022 expected GDP growth rate for Puerto Rico is approximately 4%, with the unemployment rate expected to average around 7.4% for the year. In the case of the United States, the baseline scenario expects GDP growth for 2022 of approximately 4.6%, with unemployment rate expected to average around 3.7%. For 2023 both regions expect GDP growth with average unemployment rate levels remaining stable in comparison to 2022. The following tables present the changes in the ACL of loans held-in-portfolio and unfunded commitments for the years ended December 31, 2021 and 2020. For the year ended December 31, 2021 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 225,323 $ 4,871 $ 195,557 $ 16,863 $ 297,136 $ 739,750 Provision for credit losses (benefit) ( 91,695) ( 1,533) ( 57,684) 2,094 19,800 ( 129,018) Initial allowance for credit losses - PCD Loans - - 3,142 - - 3,142 Charge-offs ( 17,180) ( 6,620) ( 17,656) ( 4,637) ( 78,047) ( 124,140) Recoveries 35,480 4,923 14,927 3,258 45,840 104,428 Ending balance - loans $ 151,928 $ 1,641 $ 138,286 $ 17,578 $ 284,729 $ 594,162 Allowance for credit losses - unfunded commitments: Beginning balance $ 4,913 $ 4,610 $ - $ - $ - $ 9,523 Provision for credit losses (benefit) ( 3,162) ( 2,222) - - - ( 5,384) Ending balance - unfunded commitments [1] $ 1,751 $ 2,388 $ - $ - $ - $ 4,139 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the year ended December 31, 2021 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 108,057 $ 9,366 $ 20,159 $ 18,918 $ 156,500 Provision for credit losses (benefit) ( 45,427) ( 4,764) ( 3,949) ( 187) ( 54,327) Charge-offs ( 1,177) ( 523) ( 605) ( 8,732) ( 11,037) Recoveries 2,424 643 587 6,414 10,068 Ending balance - loans $ 63,877 $ 4,722 $ 16,192 $ 16,413 $ 101,204 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,753 $ 4,469 $ - $ 106 $ 6,328 Provision for credit losses (benefit) ( 369) ( 2,132) - ( 69) ( 2,570) Ending balance - unfunded commitments [1] $ 1,384 $ 2,337 $ - $ 37 $ 3,758 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the year ended December 31, 2021 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 333,380 $ 14,237 $ 215,716 $ 16,863 $ 316,054 $ 896,250 Provision for credit losses (benefit) ( 137,122) ( 6,297) ( 61,633) 2,094 19,613 ( 183,345) Initial allowance for credit losses - PCD Loans - - 3,142 - - 3,142 Charge-offs ( 18,357) ( 7,143) ( 18,261) ( 4,637) ( 86,779) ( 135,177) Recoveries 37,904 5,566 15,514 3,258 52,254 114,496 Ending balance - loans $ 215,805 $ 6,363 $ 154,478 $ 17,578 $ 301,142 $ 695,366 Allowance for credit losses - unfunded commitments: Beginning balance $ 6,666 $ 9,079 $ - $ - $ 106 $ 15,851 Provision for credit losses (benefit) ( 3,531) ( 4,354) - - ( 69) ( 7,954) Ending balance - unfunded commitments [1] $ 3,135 $ 4,725 $ - $ - $ 37 $ 7,897 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the year ended December 31, 2020 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 131,063 $ 574 $ 116,281 $ 10,768 $ 173,965 $ 432,651 Impact of adopting CECL 62,393 115 86,081 ( 713) 122,492 270,368 Provision for credit losses 48,756 3,228 5,318 14,172 134,391 205,865 Initial allowance for credit losses - PCD Loans - - 7,512 - - 7,512 Charge-offs ( 27,731) - ( 30,080) ( 10,447) ( 170,023) ( 238,281) Recoveries 10,842 954 10,445 3,083 36,311 61,635 Ending balance - loans $ 225,323 $ 4,871 $ 195,557 $ 16,863 $ 297,136 $ 739,750 Allowance for credit losses - unfunded commitments: Beginning balance $ 678 $ 294 $ - $ - $ 7,467 $ 8,439 Impact of adopting CECL 1,158 ( 185) - - ( 7,467) ( 6,494) Provision for credit losses 3,077 4,501 - - - 7,578 Ending balance - unfunded commitments [1] $ 4,913 $ 4,610 $ - $ - $ - $ 9,523 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the year ended December 31, 2020 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 16,557 $ 4,266 $ 4,827 $ 19,407 $ 45,057 Impact of adopting CECL 29,537 ( 3,038) 10,431 7,809 44,739 Provision for credit losses 59,748 8,427 4,891 3,405 76,471 Charge-offs ( 2,078) ( 1,509) ( 59) ( 17,404) ( 21,050) Recoveries 4,293 1,220 69 5,701 11,283 Ending balance - loans $ 108,057 $ 9,366 $ 20,159 $ 18,918 $ 156,500 Allowance for credit losses - unfunded commitments: Beginning balance $ 152 $ 125 $ - $ 1 $ 278 Impact of adopting CECL 453 582 - ( 1) 1,034 Provision for credit losses 1,148 3,762 - 106 5,016 Ending balance - unfunded commitments [1] $ 1,753 $ 4,469 $ - $ 106 $ 6,328 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the year ended December 31, 2020 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 147,620 $ 4,840 $ 121,108 $ 10,768 $ 193,372 $ 477,708 Impact of adopting CECL 91,930 ( 2,923) 96,512 ( 713) 130,301 315,107 Provision for credit losses 108,504 11,655 10,209 14,172 137,796 282,336 Initial allowance for credit losses - PCD Loans - - 7,512 - - 7,512 Charge-offs ( 29,809) ( 1,509) ( 30,139) ( 10,447) ( 187,427) ( 259,331) Recoveries 15,135 2,174 10,514 3,083 42,012 72,918 Ending balance - loans $ 333,380 $ 14,237 $ 215,716 $ 16,863 $ 316,054 $ 896,250 Allowance for credit losses - unfunded commitments: Beginning balance $ 830 $ 419 $ - $ - $ 7,468 $ 8,717 Impact of adopting CECL 1,611 397 - - ( 7,468) ( 5,460) Provision for credit losses 4,225 8,263 - - 106 12,594 Ending balance - unfunded commitments [1] $ 6,666 $ 9,079 $ - $ - $ 106 $ 15,851 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. Modifications A modification of a loan constitutes a troubled debt restructuring when a borrower is experiencing financial difficulty and the modification constitutes a concession. For a summary of the accounting policy related to troubled debt restructurings (“TDRs”), refer to the Summary of Significant Accounting Policies included in Note 2 to these Consolidated Financial Statements. The outstanding balance of loans classified as TDRs amounted to $ 1.7 billion at December 31, 2021 (December 31, 2020 - $ 1.7 billion). The amount of outstanding commitments to lend additional funds to debtors owing receivables whose terms have been modified in TDRs amounted to $ 9 million related to the commercial loan portfolio at December 31, 2021 (December 31, 2020 - $ 14 million). The following table presents the outstanding balance of loans classified as TDRs according to their accruing status and the related allowance at December 31, 2021 and 2020. December 31, 2021 December 31, 2020 (In thousands) Accruing Non-Accruing Total Related Allowance Accruing Non-Accruing Total Related Allowance Loans held-in-portfolio: Commercial $ 261,344 $ 64,744 $ 326,088 $ 24,736 $ 259,246 $ 103,551 $ 362,797 $ 15,236 Construction - - - - - 21,497 21,497 4,397 Mortgage [1] 1,143,204 112,509 1,255,713 61,888 1,060,193 135,772 1,195,965 71,018 Leasing 325 47 372 42 392 218 610 150 Consumer 64,093 10,556 74,649 16,124 74,707 12,792 87,499 22,508 Loans held-in-portfolio $ 1,468,966 $ 187,856 $ 1,656,822 $ 102,790 $ 1,394,538 $ 273,830 $ 1,668,368 $ 113,309 [1] At December 31, 2021, accruing mortgage loan TDRs include $ 716 million guaranteed by U.S. sponsored entities at BPPR, compared to $ 655 million at December 31, 2020. The following tables present the loan count by type of modification for those loans modified in a TDR during the years ended December 31, 2021 and 2020. Loans modified as TDRs for the U.S. operations are considered insignificant to the Corporation. For the year ended December 31, 2021 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial multi-family - 1 1 - Commercial real estate non-owner occupied - 11 1 - Commercial real estate owner occupied 4 23 4 12 Commercial and industrial 5 13 - 21 Mortgage 39 140 1,590 5 Leasing - - 2 - Consumer: Credit cards 134 - 1 43 HELOCs - 1 1 - Personal 183 117 1 2 Auto - 7 3 - Other 7 - - 1 Total 372 313 1,604 84 For the year ended December 31, 2020 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial multi-family - 2 - - Commercial real estate non-owner occupied 2 10 - 1 Commercial real estate owner occupied - 37 - - Commercial and industrial 3 50 - - Construction - 1 - - Mortgage 3 68 331 411 Leasing - - 5 17 Consumer: Credit cards 659 - - 93 HELOCs - 2 1 - Personal 355 5 1 1 Auto - 2 2 38 Other 3 - - - Total 1,025 177 340 561 The following tables present, by class, quantitative information related to loans modified as TDRs during the years ended December 31, 2021 and 2020. Popular, Inc. For the year ended December 31, 2021 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for credit losses as a result of modification Commercial multi-family 2 $ 246 $ 211 $ 26 Commercial real estate non-owner occupied 12 3,612 3,604 177 Commercial real estate owner occupied 43 95,354 90,096 1,577 Commercial and industrial 39 6,573 5,719 745 Mortgage 1,774 213,661 214,367 6,632 Leasing 2 40 38 5 Consumer: Credit cards 178 2,223 2,136 42 HELOCs 2 176 228 54 Personal 303 4,222 4,217 899 Auto 10 199 206 65 Other 8 305 303 124 Total 2,373 $ 326,611 $ 321,125 $ 10,346 Popular, Inc. For the year ended December 31, 2020 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for credit losses as a result of modification Commercial multi-family 2 $ 1,133 $ 1,115 $ ( 18) Commercial real estate non-owner occupied 13 25,217 22,065 ( 969) Commercial real estate owner occupied 37 10,955 10,914 137 Commercial and industrial 53 3,140 3,178 34 Construction 1 21,514 21,514 4,370 Mortgage 813 102,559 85,394 6,875 Leasing 22 720 732 65 Consumer: Credit cards 752 7,048 7,097 286 HELOCs 3 510 396 33 Personal 362 6,194 6,188 1,043 Auto 42 836 838 131 Other 3 25 25 6 Total 2,103 $ 179,851 $ 159,456 $ 11,993 During the year ended December 31, 2021, five loans with an aggregate unpaid principal balance of $ 10.2 million were restructured into multiple notes (“Note A / B split”) , compared to ten loans with an aggregate unpaid principal balance of $ 35.1 million during the year ended December 31, 2020, of which a discounted payoff for one loan with an aggregate unpaid principal balance of $ 1.7 million was completed after the restructuring. The Corporation recorded $ 0.3 million in charge-offs as part of Note A / B splits during 2020. The recorded investment on these commercial TDRs amounted to approximately $ 10.2 million at December 31, 2021, compared to $ 32.9 million at December 31, 2020. These loans were restructured after analyzing the borrowers’ capacity to repay the debt, collateral and ability to perform under the modified terms. The following tables present, by class, TDRs that were subject to payment default and that had been modified as a TDR during the twelve months preceding the default date. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification date. Loans modified as a TDR that were fully paid down, charged-off or foreclosed upon by period end are not reported. Defaulted during the year ended December 31, 2021 (Dollars in thousands) Loan count Recorded investment as of first default date Commercial real estate non-owner occupied 4 $ 8,421 Commercial real estate owner occupied 4 4,500 Commercial and industrial 5 317 Mortgage 104 10,543 Consumer: Credit cards 81 979 Personal 27 723 Total 225 $ 25,483 Defaulted during the year ended December 31, 2020 (Dollars in thousands) Loan count Recorded investment as of first default date Commercial real estate non-owner occupied 1 $ 1,700 Commercial real estate owner occupied 6 933 Commercial and industrial 4 141 Construction 1 21,497 Mortgage 249 26,925 Consumer: Credit cards 317 2,560 Personal 99 1,660 Other 2 1 Total 679 $ 55,417 Commercial, consumer and mortgage loans modified in a TDR are closely monitored for delinquency as an early indicator of possible future default. If loans modified in a TDR subsequently default, the allowance for credit losses may be increased or partial charge-offs may be taken to further write-down the carrying value of the loan. Credit Quality The Corporation has defined a risk rating system to assign a rating to all credit exposures, particularly for the commercial and construction loan portfolios. Risk ratings in the aggregate provide the Corporation’s management the asset quality profile for the loan portfolio. The risk rating system provides for the assignment of ratings at the obligor level based on the financial condition of the borrower. The risk rating analysis process is performed at least once a year or more frequently if events or conditions change which may deteriorate the credit quality. In the case of consumer and mortgage loans, these loans are classified considering their delinquency status at the end of the reporting period. The Corporation’s obligor risk rating scales range from rating 1 (Excellent) to rating 14 (Loss). The obligor risk rating reflects the risk of payment default of a borrower in the ordinary course of business. Pass Credit Classifications: Pass (Scales 1 through 8) – Loans classified as pass have a well defined primary source of repayment, with no apparent risk, strong financial position, minimal operating risk, profitability, liquidity and strong capitalization. Watch (Scale 9) – Loans classified as watch have acceptable business credit, but borrower’s operations, cash flow or financial condition evidence more than average risk, requires above average levels of supervision and attention from Loan Officers. Special Mention (Scale 10) - Loans classified as special mention have potential weaknesses that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Corporation’s credit position at some future date. Adversely Classified Classifications: Substandard (Scales 11 and 12) - Loans classified as substandard are deemed to be inadequately protected by the current net worth and payment capacity of the obligor or of the collateral pledged, if any. Loans classified as such have well-defined weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful (Scale 13) - Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the additional characteristic that the weaknesses make the collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loss (Scale 14) - Uncollectible and of such little value that continuance as a bankable asset is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather it is not practical or desirable to defer writing off this asset even though partial recovery may be effected in the future. Risk ratings scales 10 through 14 conform to regulatory ratings. The assignment of the obligor risk rating is based on relevant information about the ability of borrowers to service their debts such as current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The following tables present the amortized cost basis, net of unearned income, of loans held-in-portfolio based on the Corporation’s assignment of obligor risk ratings as defined at December 31, 2021 and 2020 by vintage year. December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Puerto Rico Commercial: Commercial multi-family Watch $ - $ - $ - $ - $ - $ 4,485 $ - $ - $ 4,485 Special mention - - - - - 3,025 - - 3,025 Substandard - - 982 - - 6,257 100 - 7,339 Pass 24,936 21,288 34,840 25,311 2,066 31,468 11 - 139,920 Total commercial multi-family $ 24,936 $ 21,288 $ 35,822 $ 25,311 $ 2,066 $ 45,235 $ 111 $ - $ 154,769 Commercial real estate non-owner occupied Watch $ 100,465 $ 228,852 $ 25,443 $ 137,044 $ 2,406 $ 205,304 $ 3,237 $ - $ 702,751 Special Mention 18,509 12,563 7,271 - 4,608 24,056 - - 67,007 Substandard 30,155 27,790 24,200 25,456 2,770 72,407 - - 182,778 Pass 513,087 88,662 88,353 37,999 42,522 557,052 9,712 - 1,337,387 Total commercial real estate non-owner occupied $ 662,216 $ 357,867 $ 145,267 $ 200,499 $ 52,306 $ 858,819 $ 12,949 $ - $ 2,289,923 Commercial real estate owner occupied Watch $ 8,393 $ 8,612 $ 8,972 $ 6,958 $ 3,039 $ 121,716 $ - $ - $ 157,690 Special Mention 5,573 857 7,598 1,427 2,449 103,472 - - 121,376 Substandard 6,960 1,028 1,646 35,529 1,869 113,288 - - 160,320 Doubtful - - - - 76 612 - - 688 Pass 238,533 198,442 44,943 23,112 32,585 429,651 16,389 - 983,655 Total commercial real estate owner occupied $ 259,459 $ 208,939 $ 63,159 $ 67,026 $ 40,018 $ 768,739 $ 16,389 $ - $ 1,423,729 Commercial and industrial Watch $ 186,529 $ 12,542 $ 21,536 $ 103,835 $ 14,577 $ 90,776 $ 108,183 $ - $ 537,978 Special Mention 7,380 9,936 14,856 28,473 1,012 28,448 60,397 - 150,502 Substandard 2,190 1,091 3,041 35,826 66,771 45,168 38,003 - 192,090 Doubtful - - - - - 62 - - 62 Pass 843,661 335,369 275,357 84,084 72,580 333,869 702,896 - 2,647,816 Total commercial and industrial $ 1,039,760 $ 358,938 $ 314,790 $ 252,218 $ 154,940 $ 498,323 $ 909,479 $ - $ 3,528,448 Construction Substandard $ - $ - $ 485 $ - $ - $ - $ - $ - $ 485 Pass 21,596 41,622 1,148 - - - 22,260 - 86,626 Total construction $ 21,596 $ 41,622 $ 1,633 $ - $ - $ - $ 22,260 $ - $ 87,111 Mortgage Substandard $ - $ 954 $ 5,212 $ 5,613 $ 4,310 $ 122,690 $ - $ - $ 138,779 Pass 463,742 304,780 223,464 265,239 194,982 4,660,880 - - 6,113,087 Total mortgage $ 463,742 $ 305,734 $ 228,676 $ 270,852 $ 199,292 $ 4,783,570 $ - $ - $ 6,251,866 Leasing Substandard $ 124 $ 618 $ 880 $ 613 $ 613 $ 235 $ - $ - $ 3,083 Loss - - - 1 16 2 - - 19 Pass 613,452 328,085 222,770 133,112 62,881 17,917 - - 1,378,217 Total leasing $ 613,576 $ 328,703 $ 223,650 $ 133,726 $ 63,510 $ 18,154 $ - $ - $ 1,381,319 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Puerto Rico Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 8,577 $ - $ 8,577 Pass - - - - - - 911,274 - 911,274 Total credit cards $ - $ - $ - $ - $ - $ - $ 919,851 $ - $ 919,851 HELOCs Substandard - - - - - - 23 - 23 Pass $ - $ - $ - $ - $ - $ - $ 3,548 $ - $ 3,548 Total HELOCs $ - $ - $ - $ - $ - $ - $ 3,571 $ - $ 3,571 Personal Substandard $ 426 $ 610 $ 2,105 $ 866 $ 936 $ 15,680 $ - $ 1,385 $ 22,008 Loss 30 2 3 - - 3 - - 38 Pass 539,604 197,652 227,328 91,341 53,630 120,065 - 36,394 1,266,014 Total Personal $ 540,060 $ 198,264 $ 229,436 $ 92,207 $ 54,566 $ 135,748 $ - $ 37,779 $ 1,288,060 Auto Substandard $ 3,080 $ 7,520 $ 9,498 $ 4,739 $ 2,210 $ 1,422 $ - $ - $ 28,469 Loss 42 11 - - - - - - 53 Pass 1,259,800 808,339 637,300 420,293 177,104 80,829 - - 3,383,665 Total Auto $ 1,262,922 $ 815,870 $ 646,798 $ 425,032 $ 179,314 $ 82,251 $ - $ - $ 3,412,187 Other consumer Substandard $ - $ 114 $ 21 $ 487 $ - $ 135 $ 11,250 $ - $ 12,007 Loss - - - 579 - 34 - - 613 Pass 24,845 9,781 9,348 5,610 3,914 947 57,483 - 111,928 Total Other consumer $ 24,845 $ 9,895 $ 9,369 $ 6,676 $ 3,914 $ 1,116 $ 68,733 $ - $ 124,548 Total Puerto Rico $ 4,913,112 $ 2,647,120 $ 1,898,600 $ 1,473,547 $ 749,926 $ 7,191,955 $ 1,953,343 $ 37,779 $ 20,865,382 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular U.S. Commercial: Commercial multi-family Watch $ 8,600 $ 41,348 $ 56,229 $ 20,682 $ 37,343 $ 48,753 $ - $ - $ 212,955 Special mention - 3,752 9,013 30,244 11,071 28,297 - - 82,377 Substandard - - 67,149 12,748 - 18,644 - - 98,541 Pass 422,613 241,805 201,298 144,534 46,809 352,724 4,205 - 1,413,988 Total commercial multi-family $ 431,213 $ 286,905 $ 333,689 $ 208,208 $ 95,223 $ 448,418 $ 4,205 $ - $ 1,807,861 Commercial real estate non-owner occupied Watch $ 12,716 $ 22,109 $ 42,067 $ 56,576 $ 28,604 $ 154,289 $ 780 $ - $ 317,141 Special Mention 2,939 - 3,205 7,025 10,573 15,569 - - 39,311 Substandard - 756 6,405 14,544 11,384 60,323 - - 93,412 Pass 543,667 356,071 156,925 211,432 250,516 346,606 8,386 - 1,873,603 Total commercial real estate non-owner occupied $ 559,322 $ 378,936 $ 208,602 $ 289,577 $ 301,077 $ 576,787 $ 9,166 $ - $ 2,323,467 Commercial real estate owner occupied Watch $ - $ 239 $ 7,825 $ 8,150 $ 1,676 $ 17,132 $ 4,222 $ - $ 39,244 Special Mention - - - - - 1,800 - - 1,800 Substandard - - 1,148 2,878 - 20,841 - - 24,867 Pass 129,898 46,737 34,355 23,845 26,236 63,463 3,928 - 328,462 Total commercial real estate owner occupied $ 129,898 $ 46,976 $ 43,328 $ 34,873 $ 27,912 $ 103,236 $ 8,150 $ - $ 394,373 Commercial and industrial Watch $ 3,747 $ 4,667 $ 4,292 $ 9,273 $ 5 $ 1,530 $ 3,925 $ - $ 27,439 Special Mention 2,504 7,203 670 481 59 215 8,177 - 19,309 Substandard 537 97 4,559 495 168 1,890 159 - 7,905 Loss 262 58 108 17 51 191 - - 687 Pass 273,254 339,564 211,695 191,086 115,146 339,336 284,710 - 1,754,791 Total commercial and industrial $ 280,304 $ 351,589 $ 221,324 $ 201,352 $ 115,429 $ 343,162 $ 296,971 $ - $ 1,810,131 Construction Watch $ - $ 14,300 $ 23,547 $ 28,757 $ 34,205 $ - $ - $ - $ 100,809 Special Mention - - - - - 13,622 - - 13,622 Substandard - - - 15,438 10,231 - - - 25,669 Pass 130,587 136,045 165,105 13,634 36,500 7,138 - - 489,009 Total construction $ 130,587 $ 150,345 $ 188,652 $ 57,829 $ 80,936 $ 20,760 $ - $ - $ 629,109 Mortgage Substandard $ - $ 4,338 $ 3,894 $ 967 $ 217 $ 12,680 $ - $ - $ 22,096 Pass 326,641 266,212 215,071 61,986 6,376 276,948 - - 1,153,234 Total mortgage $ 326,641 $ 270,550 $ 218,965 $ 62,953 $ 6,593 $ 289,628 $ - $ - $ 1,175,330 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 10 $ - $ 10 Total credit cards $ - $ - $ - $ - $ - $ - $ 10 $ - $ 10 HELOCs Substandard $ - $ - $ - $ - $ - $ 3,006 $ - $ 935 $ 3,941 Loss - - - - - 207 - 1,258 1,465 Pass - - - - - 11,423 38,267 20,195 69,885 Total HELOCs $ - $ - $ - $ - $ - $ 14,636 $ 38,267 $ 22,388 $ 75,291 Personal Substandard $ 72 $ 81 $ 250 $ 73 $ 17 $ 163 $ 2 $ - $ 658 Loss - - 4 - - 19 - - 23 Pass 75,538 19,411 43,346 7,418 2,802 5,625 124 - 154,264 Total Personal $ 75,610 $ 19,492 $ 43,600 $ 7,491 $ 2,819 $ 5,807 $ 126 $ - $ 154,945 Other consumer Pass $ - $ - $ - $ - $ - $ - $ 4,658 $ - $ 4,658 Total Other consumer $ - $ - $ - $ - $ - $ - $ 4,658 $ - $ 4,658 Total Popular U.S. $ 1,933,575 $ 1,504,793 $ 1,258,160 $ 862,283 $ 629,989 $ 1,802,434 $ 361,553 $ 22,388 $ 8,375,175 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Watch $ 8,600 $ 41,348 $ 56,229 $ 20,682 $ 37,343 $ 53,238 $ - $ - $ 217,440 Special mention - 3,752 9,013 30,244 11,071 31,322 - - 85,402 Substandard - - 68,131 12,748 - 24,901 100 - 105,880 Pass 447,549 263,093 236,138 169,845 48,875 384,192 4,216 - 1,553,908 Total commercial multi-family $ 456,149 $ 308,193 $ 369,511 $ 233,519 $ 97,289 $ 493,653 $ 4,316 $ - $ 1,962,630 Commercial real estate non-owner occupied Watch $ 113,181 $ 250,961 $ 67,510 $ 193,620 $ 31,010 $ 359,593 $ 4,017 $ - $ 1,019,892 Special Mention 21,448 12,563 10,476 7,025 15,181 39,625 - - 106,318 Substandard 30,155 28,546 30,605 40,000 14,154 132,730 - - 276,190 Pass 1,056,754 444,733 245,278 249,431 293,038 903,658 18,098 - 3,210,990 Total commercial real estate non-owner occupied $ 1,221,538 $ 736,803 $ 353,869 $ 490,076 $ 353,383 $ 1,435,606 $ 22,115 $ - $ 4,613,390 Commercial real estate owner occupied Watch $ 8,393 $ 8,851 $ 16,797 $ 15,108 $ 4,715 $ 138,848 $ 4,222 $ - $ 196,934 Special Mention 5,573 857 7,598 1,427 2,449 105,272 - - 123,176 Substandard 6,960 1,028 2,794 38,407 1,869 134,129 - - 185,187 Doubtful - - - - 76 612 - - 688 Pass 368,431 245,179 79,298 46,957 58,821 493,114 20,317 - 1,312,117 Total commercial real estate owner occupied $ 389,357 $ 255,915 $ 106,487 $ 101,899 $ 67,930 $ 871,975 $ 24,539 $ - $ 1,818,102 Commercial and industrial Watch $ 190,276 $ 17,209 $ 25,828 $ 113,108 $ 14,582 $ 92,306 $ 112,108 $ - $ 565,417 Special Mention 9,884 17,139 15,526 28,954 1,071 28,663 68,574 - 169,811 Substandard 2,727 1,188 7,600 36,321 66,939 47,058 38,162 - 199,995 Doubtful - - - - - 62 - - 62 Loss 262 58 108 17 51 191 - - 687 Pass 1,116,915 674,933 487,052 275,170 187,726 673,205 987,606 - 4,402,607 Total commercial and industrial $ 1,320,064 $ 710,527 $ 536,114 $ 453,570 $ 270,369 $ 841,485 $ 1,206,450 $ - $ 5,338,579 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular, Inc. Construction Watch $ - $ 14,300 $ 23,547 $ 28,757 $ 34,205 $ - $ - $ - $ 100,809 Special Mention - - - - - 13,622 - - 13,622 Substandard - - 485 15,438 10,231 - - - 26,154 Pass 152,183 177,667 166,253 13,634 36,500 7,138 22,260 - 575,635 Total construction $ 152,183 $ 191,967 $ 190,285 $ 57,829 $ 80,936 $ 20,760 $ 22,260 $ - $ 716,220 Mortgage Substandard $ - $ 5,292 $ 9,106 $ 6,580 $ 4,527 $ 135,370 $ - $ - $ 160,875 Pass 790,383 570,992 438,535 327,225 201,358 4,937,828 - - 7,266,321 Total mortgage $ 790,383 $ 576,284 $ 447,641 $ 333,805 $ 205,885 $ 5,073,198 $ - $ - $ 7,427,196 Leasing Substandard $ 124 $ 618 $ 880 $ 613 $ 613 $ 235 $ - $ - $ 3,083 Loss - - - 1 16 2 - - 19 Pass 613,452 328,085 222,770 133,112 62,881 17,917 - - 1,378,217 Total leasing $ 613,576 $ 328,703 $ 223,650 $ 133,726 $ 63,510 $ 18,154 $ - $ - $ 1,381,319 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular, Inc. Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 8,577 $ - $ 8,577 Pass - - - - - - 911,284 - 911,284 Total credit cards $ - $ - $ - $ - $ - $ - $ 919,861 $ - $ 919,861 HELOCs Substandard $ - $ - $ - $ - $ - $ 3,006 $ 23 $ 935 $ 3,964 Loss - - - - - 207 - 1,258 1,465 Pass - - - - - 11,423 41,815 20,195 73,433 Total HELOCs $ - $ - $ - $ - $ - $ 14,636 $ 41,838 $ 22,388 $ 78,862 Personal Substandard $ 498 $ 691 $ 2,355 $ 939 $ 953 $ 15,843 $ 2 $ 1,385 $ 22,666 Loss 30 2 7 - - 22 - - 61 Pass 615,142 217,063 270,674 98,759 56,432 125,690 124 36,394 1,420,278 Total Personal $ 615,670 $ 217,756 $ 273,036 $ 99,698 $ 57,385 $ 141,555 $ 126 $ 37,779 $ 1,443,005 Auto Substandard $ 3,080 $ 7,520 $ 9,498 $ 4,739 $ 2,210 $ 1,422 $ - $ - $ 28,469 Loss 42 11 - - - - - - 53 Pass 1,259,800 808,339 637,300 420,293 177,104 80,829 - - 3,383,665 Total Auto $ 1,262,922 $ 815,870 $ 646,798 $ 425,032 $ 179,314 $ 82,251 $ - $ - $ 3,412,187 Other consumer Substandard $ - $ 114 $ 21 $ 487 $ - $ 135 $ 11,250 $ - $ 12,007 Loss - - - 579 - 34 - - 613 Pass 24,845 9,781 9,348 5,610 3,914 947 62,141 - 116,586 Total Other consumer $ 24,845 $ 9,895 $ 9,369 $ 6,676 $ 3,914 $ 1,116 $ 73,391 $ - $ 129,206 Total Popular Inc. $ 6,846,687 $ 4,151,913 $ 3,156,760 $ 2,335,830 $ 1,379,915 $ 8,994,389 $ 2,314,896 $ 60,167 $ 29,240,557 December 31, 2020 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2020 2019 2018 2017 2016 Prior Years Total Puerto Rico Commercial: Commercial multi-family Watch $ - $ - $ - $ - $ - $ 460 $ - $ - $ 460 Special mention - - - - - 4,160 - - 4,160 Substandard - - - - - 400 100 - 500 Pass 5,216 36,433 26,051 2,106 2,563 74,791 - - 147,160 Total commercial multi-family $ 5,216 $ 36,433 $ 26,051 $ 2,106 $ 2,563 $ 79,811 $ 100 $ - $ 152,280 Commercial real estate non-owner occupied Watch $ 160,960 $ 73,561 $ 27,592 $ 40,654 $ 33,277 $ 197,912 $ 2,100 $ - $ 536,056 Special Mention - 26,331 124,560 29,711 19,895 62,839 836 - 264,172 Substandard 43,399 74,303 26,799 4,932 29,974 130,218 95 - 309,720 Pass 88,324 53,385 39,814 60,585 124,643 527,282 3,352 - 897,385 Total commercial real estate non-owner occupied $ 292,683 $ 227,580 $ 218,765 $ 135,882 $ 207,789 $ 918,251 $ 6,383 $ - $ 2,007,333 Commercial real estate owner occupied Watch $ 96,046 $ 10,319 $ 14,412 $ 9,760 $ 9,584 $ 146,445 $ 2,627 $ - $ 289,193 Special Mention 850 6,638 249 6,571 282 172,078 - - 186,668 Substandard 1,774 2,181 37,686 1,878 27,094 145,193 - - 215,806 Doubtful - - - - - 1,714 - - 1,714 Pass 204,840 54,274 31,917 57,854 128,392 417,376 10,861 - 905,514 Total commercial real estate owner occupied $ 303,510 $ 73,412 $ 84,264 $ 76,063 $ 165,352 $ 882,806 $ 13,488 $ - $ 1,598,895 Commercial and industrial Watch $ 131,556 $ 77,821 $ 182,776 $ 40,318 $ 63,968 $ 267,856 $ 243,335 $ - $ 1,007,630 Special Mention 28,310 10,297 19,220 45,861 910 28,507 86,263 - 219,368 Substandard 32,941 2,180 26,921 26,769 1,824 55,220 49,036 - 194,891 Doubtful - 67 - 1 - 54 1 - 123 Loss - - - - - - 13 - 13 Pass 1,181,399 492,778 119,709 168,174 105,442 218,716 520,865 - 2,807,083 Total commercial and industrial $ 1,3

Mortgage banking activities

Mortgage banking activities	12 Months Ended
	Dec. 31, 2021
Mortgage Banking [Abstract]
Mortgage Banking Activities	Note 10 – Mortgage banking activities Income from mortgage banking activities includes mortgage servicing fees earned in connection with administering residential mortgage loans and valuation adjustments on mortgage servicing rights. It also includes gain on sales and securitizations of residential mortgage loans, losses on repurchased loans, including interest advances, and trading gains and losses on derivative contracts used to hedge the Corporation’s securitization activities. In addition, lower-of-cost-or-market valuation adjustments to residential mortgage loans held for sale, if any, are recorded as part of the mortgage banking activities. The following table presents the components of mortgage banking activities: Years ended December 31, (In thousands) 2021 2020 2019 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 38,105 $ 43,234 $ 46,952 Mortgage servicing rights fair value adjustments ( 10,206) ( 42,055) ( 27,430) Total mortgage servicing fees, net of fair value adjustments 27,899 1,179 19,522 Net gain on sale of loans, including valuation on loans held for sale 21,684 31,215 18,817 Trading account profit (loss): Realized gains (losses) on closed derivative positions 1,323 ( 10,586) ( 6,246) Total trading account profit (loss) 1,323 ( 10,586) ( 6,246) Losses on repurchased loans, including interest advances [1] ( 773) ( 11,407) - Total mortgage banking activities $ 50,133 $ 10,401 $ 32,093 [1] The Corporation, from time to time, repurchases delinquent loans from its GNMA servicing portfolio, in compliance with Guarantor guidelines, and may incur in losses related to previously advanced interest on delinquent loans. During the quarter ended September 30, 2020 the Corporation repurchased $ 687.9 million of GNMA loans and recorded a loss of $ 10.5 million for previously advanced interest on delinquent loans. Effective for the quarter ended September 30, 2020, the Corporation has determined to present these losses as part of its Mortgage Banking Activities, which were previously presented within the indemnity reserves on loans sold component of non-interest income. The amount of these losses for prior years were considered immaterial for reclassification.

Transfers of financial assets a

Transfers of financial assets and mortgage servicing assets	12 Months Ended
	Dec. 31, 2021
Transfers and Servicing of Financial Assets
Transfers Of Financial Assets And Mortgage Servicing Assets	Note 11 – Transfers of financial assets and mortgage servicing assets The Corporation typically transfers conforming residential mortgage loans in conjunction with GNMA, FNMA and FHLMC securitization transactions whereby the loans are exchanged for cash or securities and servicing rights. As seller, the Corporation has made certain representations and warranties with respect to the originally transferred loans and, in the past, has sold certain loans with credit recourse to a government-sponsored entity, namely FNMA. Refer to Note 23 to the Consolidated Financial Statements for a description of such arrangements. No liabilities were incurred as a result of these securitizations during the years ended December 31, 2021 and 2020 because they did not contain any credit recourse arrangements. The Corporation recorded a net gain of $ 18.4 million and $ 27.3 million, respectively, during the years ended December 31, 2021 and 2020 related to the residential mortgage loans securitized. The following tables present the initial fair value of the assets obtained as proceeds from residential mortgage loans securitized during the years ended December 31, 2021 and 2020: Proceeds Obtained During the Year Ended December 31, 2021 (In thousands) Level 1 Level 2 Level 3 Initial fair value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 380,228 $ - $ 380,228 Mortgage-backed securities - FNMA - 329,617 - 329,617 Mortgage-backed securities - FHLMC - 22,688 - 22,688 Total trading account debt securities $ - $ 732,533 $ - $ 732,533 Mortgage servicing rights $ - $ - $ 11,314 $ 11,314 Total $ - $ 732,533 $ 11,314 $ 743,847 Proceeds Obtained During the Year Ended December 31, 2020 (In thousands) Level 1 Level 2 Level 3 Initial fair value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 332,207 $ - $ 332,207 Mortgage-backed securities - FNMA - 175,864 - 175,864 Total trading account debt securities $ - $ 508,071 $ - $ 508,071 Mortgage servicing rights $ - $ - $ 7,236 $ 7,236 Total $ - $ 508,071 $ 7,236 $ 515,307 During the year ended December 31, 2021, the Corporation retained servicing rights on whole loan sales involving approximately $ 144 million in principal balance outstanding (2020 - $ 147 million), with net realized gains of approximately $ 3.2 million (2020 - $ 3.9 million). All loan sales performed during the years ended December 31, 2021 and 2020 were without credit recourse agreements. The Corporation recognizes as assets the rights to service loans for others, whether these rights are purchased or result from asset transfers such as sales and securitizations. These mortgage servicing rights (“MSRs”) are measured at fair value. The Corporation uses a discounted cash flow model to estimate the fair value of MSRs. The discounted cash flow model incorporates assumptions that market participants would use in estimating future net servicing income, including estimates of prepayment speeds, discount rate, cost to service, escrow account earnings, contractual servicing fee income, prepayment and late fees, among other considerations. Prepayment speeds are adjusted for the loans’ characteristics and portfolio behavior. The following table presents the changes in MSRs measured using the fair value method for the years ended December 31, 2021 and 2020. Residential MSRs (In thousands) December 31, 2021 December 31, 2020 Fair value at beginning of period $ 118,395 $ 150,906 Additions 13,391 9,544 Changes due to payments on loans [1] ( 15,383) ( 11,692) Reduction due to loan repurchases ( 1,233) ( 11,060) Changes in fair value due to changes in valuation model inputs or assumptions 6,410 ( 19,327) Other ( 10) 24 Fair value at end of period [2] $ 121,570 $ 118,395 [1] Represents changes due to collection / realization of expected cash flows over time. [2] At December 31, 2021, PB had MSRs amounting to $ 1.6 million (December 31, 2020 - $ 0.7 million). Residential mortgage loans serviced for others were $ 12.1 billion at December 31, 2021 (2020 - $ 12.9 billion). Net mortgage servicing fees, a component of mortgage banking activities in the Consolidated Statements of Operations, include the changes from period to period in the fair value of the MSRs, including changes due to collection / realization of expected cash flows. The banking subsidiaries receive servicing fees based on a percentage of the outstanding loan balance. These servicing fees are credited to income when they are collected. At December 31, 2021, those weighted average mortgage servicing fees were 0.30% (2020 – 0.31%). Under these servicing agreements, the banking subsidiaries do not generally earn significant prepayment penalty fees on the underlying loans serviced. The section below includes information on assumptions used in the valuation model of the MSRs, originated and purchased. Key economic assumptions used in measuring the servicing rights derived from loans securitized or sold by the Corporation during the years ended December 31, 2021 and 2020 were as follows: Years ended December 31, 2021 December 31, 2020 BPPR PB BPPR PB Prepayment speed 6.8 % 19.0 % 7.6 % 21.9 % Weighted average life (in years) 8.3 20.9 8.7 3.6 Discount rate (annual rate) 10.5 % 10.7 % 10.9 % 10.5 % Key economic assumptions used to estimate the fair value of MSRs derived from sales and securitizations of mortgage loans performed by the banking subsidiaries and servicing rights purchased from other financial institutions, and the sensitivity to immediate changes in those assumptions, were as follows as of the end of the periods reported: Originated MSRs Purchased MSRs December 31, December 31, December 31, December 31, (In thousands) 2021 2020 2021 2020 Fair value of servicing rights $ 40,058 $ 44,129 $ 81,512 $ 74,266 Weighted average life (in years) 7.1 6.2 7.5 5.9 Weighted average prepayment speed (annual rate) 7.7 % 6.6 % 7.6 % 7.1 % Impact on fair value of 10% adverse change $ ( 1,500) $ ( 1,115) $ ( 1,486) $ ( 2,206) Impact on fair value of 20% adverse change $ ( 2,359) $ ( 2,194) $ ( 3,495) $ ( 4,312) Weighted average discount rate (annual rate) 11.2 % 11.3 % 11.0 % 11.1 % Impact on fair value of 10% adverse change $ ( 2,079) $ ( 1,640) $ ( 2,731) $ ( 2,740) Impact on fair value of 20% adverse change $ ( 3,452) $ ( 3,175) $ ( 5,832) $ ( 5,301) The sensitivity analyses presented in the table above for servicing rights are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10 and 20 percent variation in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in the sensitivity tables included herein, the effect of a variation in a particular assumption on the fair value of the retained interest is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments and increased credit losses), which might magnify or counteract the sensitivities. At December 31, 2021, the Corporation serviced $ 0.7 billion (2020 - $ 0.9 billion) in residential mortgage loans with credit recourse to the Corporation, from which $ 26 million was 60 days or more past due (2020 - $ 52 million). Also refer to Note 23 for information on changes in the Corporation’s liability of estimated losses related to loans serviced with credit recourse. Under the GNMA securitizations, the Corporation, as servicer, has the right to repurchase (but not the obligation), at its option and without GNMA’s prior authorization, any loan that is collateral for a GNMA guaranteed mortgage-backed security when certain delinquency criteria are met. At the time that individual loans meet GNMA’s specified delinquency criteria and are eligible for repurchase, the Corporation is deemed to have regained effective control over these loans if the Corporation was the pool issuer. At December 31, 2021, the Corporation had recorded $ 13 million in mortgage loans on its Consolidated Statements of Financial Condition related to this buy-back option program (2020 - $ 57 million). Loans in our serviced GNMA portfolio benefit from payment forbearance programs but continue to reflect the contractual delinquency until the borrower repays deferred payments or completes a payment deferral modification or other borrower assistance alternative. As long as the Corporation continues to service the loans that continue to be collateral in a GNMA guaranteed mortgage-backed security, the MSR is recognized by the Corporation. During the year ended December 31, 2021, the Corporation repurchased approximately $ 94 million of mortgage loans from its GNMA servicing portfolio (2020 - $ 862 million). The determination to repurchase these loans was based on the economic benefits of the transaction, which results in a reduction of the servicing costs for these severely delinquent loans, mostly related to principal and interest advances. The risk associated with the loans is reduced due to their guaranteed nature. The Corporation may place these loans under COVID-19 modification programs offered by FHA, VA or United States Department of Agriculture (USDA) or other loss mitigation programs offered by the Corporation, and once brought back to current status, these may be either retained in portfolio or re-sold in the secondary market.

Premises and equipment

Premises and equipment	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment
Premises and Equipment	Note 12 - Premises and equipment Premises and equipment are stated at cost less accumulated depreciation and amortization as follows: (In thousands) Useful life in years 2021 2020 Premises and equipment: Land $ 94,246 $ 109,780 Buildings 10- 50 468,293 512,131 Equipment 2- 10 374,192 350,014 Leasehold improvements 3- 10 87,406 87,289 929,891 949,434 Less - Accumulated depreciation and amortization 559,234 574,835 Subtotal 370,657 374,599 Construction in progress 29,337 25,862 Premises and equipment, net $ 494,240 $ 510,241 Depreciation and amortization of premises and equipment for the year 2021 was $ 55.1 million (2020 -$ 58.4 million; 2019 - $ 58.1 million), of which $ 25.2 million (2020 - $ 27.2 million; 2019 - $ 27.3 million) was charged to occupancy expense and $ 29.8 million (2020 - $ 31.2 million; 2019 - $ 30.8 million) was charged to equipment, communications and other operating expenses. Occupancy expense of premises and equipment is net of rental income of $ 13.4 million (2020 - $ 15.5 million; 2019 - $ 19.3 million). For information related to the amortization expense of finance leases, refer to Note 33 - Leases.

Other real estate owned

Other real estate owned	12 Months Ended
	Dec. 31, 2021
Other Real Estate [Abstract]
Other Real Estate Owned	Note 13 – Other real estate owned The following tables present the activity related to Other Real Estate Owned (“OREO”), for the years ended December 31, 2021, 2020 and 2019. For the year ended December 31, 2021 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 13,214 $ 69,932 $ 83,146 Write-downs in value ( 1,058) ( 2,161) ( 3,219) Additions 9,746 55,898 65,644 Sales ( 7,282) ( 52,666) ( 59,948) Other adjustments 397 ( 943) ( 546) Ending balance $ 15,017 $ 70,060 $ 85,077 For the year ended December 31, 2020 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 16,959 $ 105,113 $ 122,072 Write-downs in value ( 1,564) ( 3,060) ( 4,624) Additions 2,223 17,785 20,008 Sales ( 4,359) ( 49,797) ( 54,156) Other adjustments ( 45) ( 109) ( 154) Ending balance $ 13,214 $ 69,932 $ 83,146 For the year ended December 31, 2019 OREO OREO (In thousands) Commercial/ Construction Mortgage Total Balance at beginning of period $ 21,794 $ 114,911 $ 136,705 Write-downs in value ( 1,584) ( 4,541) ( 6,125) Additions 6,801 62,630 69,431 Sales ( 9,892) ( 67,137) ( 77,029) Other adjustments ( 160) ( 750) ( 910) Ending balance $ 16,959 $ 105,113 $ 122,072

Other assets

Other assets	12 Months Ended
	Dec. 31, 2021
Other Assets Abstract
Other assets	Note 14 − Other assets The caption of other assets in the consolidated statements of financial condition consists of the following major categories: (In thousands) December 31, 2021 December 31, 2020 Net deferred tax assets (net of valuation allowance) $ 657,597 $ 851,592 Investments under the equity method 298,988 250,467 Prepaid taxes 37,924 32,615 Other prepaid expenses 79,845 74,572 Derivative assets 26,093 20,785 Trades receivable from brokers and counterparties 65,460 65,429 Principal, interest and escrow servicing advances 53,942 65,671 Guaranteed mortgage loan claims receivable 98,001 80,477 Operating ROU assets (Note 33) 141,748 131,921 Finance ROU assets (Note 33) 13,459 15,464 Others 155,514 148,048 Total other assets $ 1,628,571 $ 1,737,041 The Corporation enters in the ordinary course of business into technology hosting arrangements that are service contracts. These arrangements can include capitalizable implementation costs that are amortized during the term of the hosting arrangement. The Corporation recognizes capitalizable implementation costs related to hosting arrangements that are service contracts within Others in the table above. As of December 31, 2021, the total capitalized implementation costs amounted to $ 18.4 million with an accumulated amortization of $ 8.8 million for a net value of $ 9.6 million, compared to total capitalized implementation costs amounting to $ 17.4 million with an accumulated amortization of $ 4.9 million for a net value of $ 12.5 million as of December 31, 2020. Total amortization expense for all capitalized implementation costs of hosting arrangements that are service contracts for the year ended December 31, 2021 was $ 3.9 million (December 31, 2020 - $ 2.2 million).

Goodwill and other intangible a

Goodwill and other intangible assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure
Goodwill And Other Intangible Assets	Note 15 – Goodwill and other intangible assets The changes in the carrying amount of goodwill for the year ended December 31, 2021, allocated by reportable segments, were as follows (refer to Note 37 for the definition of the Corporation’s reportable segments): 2021 Balance at Goodwill on Balance at (In thousands) January 1, 2021 acquisition December 31,2021 Banco Popular de Puerto Rico $ 320,248 $ - $ 320,248 Popular U.S. 350,874 49,171 400,045 Total Popular, Inc. $ 671,122 $ 49,171 $ 720,293 The goodwill recognized during the year ended December 31, 2021 in the reportable segment of Popular U.S. of $ 49 million was related to the K2 Transaction. Refer to Note 4, Business combination, for additional information related to the K2 Transaction, including the goodwill and other intangible assets recognized. There were no changes in the carrying amount of goodwill for the year ended December 31, 2020. At December 31, 2021, the Corporation had $ 0.7 million of identifiable intangible assets with indefinite useful lives, compared to $ 6.1 million at December 31, 2020, due to the recognition of an impairment loss of $ 5.4 million associated with a trademark. The following table reflects the components of other intangible assets subject to amortization: Gross Net Carrying Accumulated Carrying (In thousands) Amount Amortization Value December 31, 2021 Core deposits $ 12,810 $ 8,754 $ 4,056 Other customer relationships 14,286 2,883 11,403 Total other intangible assets $ 27,096 $ 11,637 $ 15,459 December 31, 2020 Core deposits $ 12,810 $ 7,473 $ 5,337 Other customer relationships 26,397 15,684 10,713 Trademark 488 236 252 Total other intangible assets $ 39,695 $ 23,393 $ 16,302 During the year ended December 31, 2021, $ 15.0 million in other customer relationships became fully amortized and thus were removed from the Corporation’s intangibles assets, from which $ 14.2 million were recognized as part of the purchase of the American Airlines co-branded credit card portfolio during 2011. During the year ended December 31, 2021, the Corporation recognized $ 9.1 million in amortization expense related to other intangible assets with definite useful lives, which includes the previously mentioned $ 5.4 million impairment loss (2020 - $ 6.4 million; 2019 - $ 9.4 million). The following table presents the estimated amortization of the intangible assets with definite useful lives for each of the following periods: (In thousands) Year 2022 $ 3,299 Year 2023 3,179 Year 2024 2,938 Year 2025 1,750 Year 2026 1,416 Later years 2,877 Results of the Annual Goodwill Impairment Test The Corporation’s goodwill and other identifiable intangible assets having an indefinite useful life are tested for impairment, at least annually and on a more frequent basis if events or circumstances indicate impairment could have taken place. Such events could include, among others, a significant adverse change in the business climate, an adverse action by a regulator, an unanticipated change in the competitive environment and a decision to change the operations or dispose of a reporting unit. Management monitors events or changes in circumstances between annual tests to determine if these events or changes in circumstances would more likely than not reduce the fair value of its reporting units below their carrying amounts. The Corporation performed the annual goodwill impairment evaluation for the entire organization during the third quarter of 2021 using July 31, 2021 as the annual evaluation date. The reporting units utilized for this evaluation were those that are one level below the business segments, which are the legal entities within the reportable segment. The Corporation follows push-down accounting, as such all goodwill is assigned to the reporting units when carrying out a business combination. In determining the fair value of each reporting unit, the Corporation generally uses a combination of methods, including market price multiples of comparable companies and transactions, as well as discounted cash flow analysis. Management evaluates the particular circumstances of each reporting unit in order to determine the most appropriate valuation methodology and the weights applied to each valuation methodology, as applicable. The Corporation evaluates the results obtained under each valuation methodology to identify and understand the key value drivers in order to ascertain that the results obtained are reasonable and appropriate under the circumstances. Elements considered include current market and economic conditions, developments in specific lines of business, and any particular features in the individual reporting units. The computations require management to make estimates and assumptions. Critical assumptions that are used as part of these evaluations include:  a selection of comparable publicly traded companies, based on nature of business, location and size;  a selection of comparable acquisitions;  the discount rate applied to future earnings, based on an estimate of the cost of equity;  the potential future earnings of the reporting unit; and  the market growth and new business assumptions. For purposes of the market comparable companies’ approach, valuations were determined by calculating average price multiples of relevant value drivers from a group of companies that are comparable to the reporting unit being analyzed and applying those price multiples to the value drivers of the reporting unit. Management uses judgment in the determination of which value drivers are considered more appropriate for each reporting unit. Comparable companies’ price multiples represent minority-based multiples and thus, a control premium adjustment is added to the comparable companies’ market multiples applied to the reporting unit’s value drivers. For purposes of the market comparable transactions’ approach, valuations had been previously determined by the Corporation by calculating average price multiples of relevant value drivers from a group of transactions for which the target companies are comparable to the reporting unit being analyzed and applying those price multiples to the value drivers of the reporting unit. For purposes of the discounted cash flows (“DCF”) approach, the valuation is based on estimated future cash flows. The financial projections used in the DCF valuation analysis for each reporting unit are based on the most recent (as of the valuation date) financial projections presented to the Corporation’s Asset / Liability Management Committee (“ALCO”). The growth assumptions included in these projections are based on management’s expectations for each reporting unit’s financial prospects considering economic and industry conditions as well as particular plans of each entity (i.e. restructuring plans, de-leveraging, etc.). The cost of equity used to discount the cash flows was calculated using the Ibbotson Build-Up Method and ranged from 11.34% to 15.13 % for the 2021 analysis. The Ibbotson Build-Up Method builds up a cost of equity starting with the rate of return of a “risk-free” asset (20-year U.S. Treasury note) and adds to it additional risk elements such as equity risk premium, size premium, industry risk premium, and a specific geographic risk premium (as applicable). The resulting discount rates were analyzed in terms of reasonability given the current market conditions. No impairment was recognized by the Corporation from the annual test as of July 31, 2021. The results of the BPPR annual goodwill impairment test as of July 31, 2021 indicated that the average estimated fair value using all valuation methodologies exceeded BPPR’s equity value by approximately $ 1.5 billion or 50% compared to $ 282 million or 9%, for the annual goodwill impairment test completed as of July 31, 2020 . PB’s annual goodwill impairment test results as of such dates indicated that the average estimated fair value using all valuation methodologies exceeded PB’s equity value by approximately $ 412 million or 24% , compared to $ 215 million or 13%, for the annual goodwill impairment test completed as of July 31, 2020 . The goodwill balance of BPPR and PB, as legal entities, represented approximately 91% of the Corporation’s total goodwill balance as of the July 31, 2021 valuation date. Furthermore, as part of the analyses, management performed a reconciliation of the aggregate fair values determined for the reporting units to the market capitalization of the Corporation concluding that the fair value results determined for the reporting units in the July 31, 2021 annual assessment were reasonable. The goodwill impairment evaluation process requires the Corporation to make estimates and assumptions with regard to the fair value of the reporting units. Actual values may differ significantly from these estimates. Such differences could result in future impairment of goodwill that would, in turn, negatively impact the Corporation’s results of operations and the reporting units where the goodwill is recorded. Declines in the Corporation’s market capitalization and adverse economic conditions sustained over a longer period of time negatively affecting forecasted cash flows could increase the risk of goodwill impairment in the future. The extent to which the COVID-19 pandemic further impacts our business, results of operations and financial condition, as well as the operations of our clients, customers, service providers and suppliers, will depend on future developments, which are highly uncertain and is difficult to predict, including the scope and duration of the pandemic and actions taken by governmental authorities and other third parties in response thereto. A decline in the Corporation’s stock price related to global and/or regional macroeconomic conditions, the continued weakness in the Puerto Rico economy and fiscal situation, reduced future earnings estimates, additional expenses and higher credit losses, and the continuance of the current interest rate environment could, individually or in the aggregate, have a material impact on the determination of the fair value of our reporting units, which could in turn result in an impairment of goodwill in the future. An impairment of goodwill would result in a non-cash expense, net of tax impact. A charge to earnings related to a goodwill impairment would not impact regulatory capital calculations. The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments . December 31, 2021 Balance at Balance at December 31, Accumulated December 31, 2021 impairment 2021 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 324,049 $ 3,801 $ 320,248 Popular U.S. 564,456 164,411 400,045 Total Popular, Inc. $ 888,505 $ 168,212 $ 720,293 December 31, 2020 Balance at Balance at December 31, Accumulated December 31, 2020 impairment 2020 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 324,049 $ 3,801 $ 320,248 Popular U.S. 515,285 164,411 350,874 Total Popular, Inc. $ 839,334 $ 168,212 $ 671,122

Deposits

Deposits	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Deposits	Note 16 – Deposits Total interest bearing deposits as of the end of the periods presented consisted of: (In thousands) December 31, 2021 December 31, 2020 Savings accounts $ 15,871,998 $ 14,031,736 NOW, money market and other interest bearing demand deposits 28,736,459 22,398,057 Total savings, NOW, money market and other interest bearing demand deposits 44,608,457 36,429,793 Certificates of deposit: Under $250,000 4,086,059 4,524,794 $250,000 and over 2,626,090 2,783,054 Total certificates of deposit 6,712,149 7,307,848 Total interest bearing deposits $ 51,320,606 $ 43,737,641 A summary of certificates of deposits by maturity at December 31, 2021 follows: (In thousands) 2022 $ 4,043,357 2023 864,315 2024 681,201 2025 511,710 2026 534,030 2027 and thereafter 77,536 Total certificates of deposit $ 6,712,149 At December 31, 2021, the Corporation had brokered deposits amounting to $ 0.8 billion (December 31, 2020 - $ 0.8 billion). The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans was $ 6 million at December 31, 2021 (December 31, 2020 - $ 3 million) At December 31, 2021, public sector deposits amounted to $ 20.3 billion. A significant portion of Puerto Rico public sector deposits are expected to be used by Puerto Rico pursuant to the Plan of Adjustment for Puerto Rico confirmed by the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) Title III Court, which is expected to become effective on or about March 15, 2022. However, the receipt by the P.R. Government of additional COVID-19 and hurricane recovery related Federal assistance, and seasonal tax collections, could increase public deposit balances at BPPR in the near term. The rate at which public deposit balances will decline is uncertain and difficult to predict. The amount and timing of any such reduction is likely to be impacted by, for example, the implementation of PROMESA and the speed at which COVID-19 federal assistance is distributed.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Borrowings	Note 17 – Borrowings Assets sold under agreements to repurchase Assets sold under agreements to repurchase amounted to $ 92 million at December 31, 2021 and $ 121 million December 31, 2020. The Corporation’s repurchase transactions are overcollateralized with the securities detailed in the table below. The Corporation’s repurchase agreements have a right of set-off with the respective counterparty under the supplemental terms of the master repurchase agreements. In an event of default each party has a right of set-off against the other party for amounts owed in the related agreement and any other amount or obligation owed in respect of any other agreement or transaction between them. Pursuant to the Corporation’s accounting policy, the repurchase agreements are not offset with other repurchase agreements held with the same counterparty. The following table presents information related to the Corporation’s repurchase transactions accounted for as secured borrowings that are collateralized with debt securities available-for-sale, other assets held-for-trading purposes or which have been obtained under agreements to resell. It is the Corporation’s policy to maintain effective control over assets sold under agreements to repurchase; accordingly, such securities continue to be carried on the Consolidated Statements of Financial Condition. Repurchase agreements accounted for as secured borrowings December 31, 2021 December 31, 2020 Repurchase liability Repurchase liability Repurchase weighted average Repurchase weighted average (Dollars in thousands) liability interest rate liability interest rate U.S. Treasury securities Within 30 days $ 19,538 0.30 % $ 67,157 1.16 % After 30 to 90 days 30,295 0.21 39,318 1.20 After 90 days 29,036 0.29 9,979 0.33 Total U.S. Treasury securities 78,869 0.26 116,454 1.10 Mortgage-backed securities Within 30 days 11,733 0.26 3,778 0.28 After 30 to 90 days - - 268 1.50 After 90 days 722 0.16 - - Total mortgage-backed securities 12,455 0.26 4,046 0.36 Collateralized mortgage obligations Within 30 days 279 0.25 803 0.24 Total collateralized mortgage obligations 279 0.25 803 0.24 Total $ 91,603 0.26 % $ 121,303 1.07 % Repurchase agreements in this portfolio are generally short-term, often overnight. As such our risk is very limited. We manage the liquidity risks arising from secured funding by sourcing funding globally from a diverse group of counterparties, providing a range of securities collateral and pursuing longer durations, when appropriate . (Dollars in thousands) 2021 2020 Maximum aggregate balance outstanding at any month-end $ 92,101 $ 195,498 Average monthly aggregate balance outstanding $ 91,394 $ 143,718 Weighted average interest rate: For the year 0.35 % 1.63 % At December 31 0.26 % 1.11 % Other short-term borrowings At December 31, 2021, other short-term borrowings consisted of $ 75 million in FHLB Advances. There were no other short-term borrowings outstanding at December 31, 2020 . The following table presents additional information related to the Corporation’s other short-term borrowings for the years ended December 31, 2021 and December 31, 2020. (Dollars in thousands) 2021 2020 Maximum aggregate balance outstanding at any month-end $ 75,000 $ 100,000 Average monthly aggregate balance outstanding $ 343 $ 21,557 Weighted average interest rate: For the year 0.35 % 0.56 % At December 31 0.35 % 0.73 % Notes Payable The following table presents the composition of notes payable at December 31, 2021 and December 31, 2020. (In thousands) December 31, 2021 December 31, 2020 Advances with the FHLB with maturities ranging from 2022 through 2029 paying interest at monthly fixed rates ranging from 0.39% to 3.18% (2020 - 0.39% to 4.19%) $ 492,429 $ 542,469 Advances with the FRB maturing on 2022 paying interest at annual fixed rate of 0.35% [1] - 1,009 Unsecured senior debt securities maturing on 2023 paying interest semiannually at a fixed rate of 6.125%, net of debt issuance costs of $ 2,158 (2020 - $ 3,426) 297,842 296,574 Junior subordinated deferrable interest debentures (related to trust preferred securities) maturing on 2034 with fixed interest rates ranging from 6.125% to 6.564% (2020 - 6.125% to 6.70%), net of debt issuance costs of $ 342 (2020 - $ 369) 198,292 384,929 Total notes payable $ 988,563 $ 1,224,981 [1] During the second quarter of 2021, the Paycheck Protection Program Liquidity Facility advance was prepaid. Notes payable included junior subordinated debentures issued by the Corporation that were associated to capital issued by the Popular Capital Trust I. On November 1, 2021 , the Corporation redeemed all outstanding 6.70% Cumulative Monthly Income Trust Preferred Securities (the “Capital Securities”) issued by the Popular Capital Trust I (liquidation amount of $ 25 per security and amounting to approximately $ 187 million (or approximately $ 181 million after excluding Popular’s participation in the Trust of approximately $ 6 million) in the aggregate). The redemption price for the Capital Securities was equal to $ 25 per security plus accrued and unpaid distributions up to and excluding the redemption date in the amount of $ 0.139583 per security, for a total payment per security in the amount of $ 25.139583. Upon redemption, Popular delisted the Capital Securities of Popular Capital Trust I (NASDAQ: BPOPN) from the Nasdaq Global Select Market. A breakdown of borrowings by contractual maturities at December 31, 2021 is included in the table below. Assets sold under Short-term (In thousands) agreements to repurchase borrowings Notes payable Total 2022 $ 91,603 75,000 $ 103,148 $ 269,751 2023 - - 341,103 341,103 2024 - - 91,943 91,943 2025 - - 139,920 139,920 2026 - - 74,500 74,500 Later years - - 237,949 237,949 Total borrowings $ 91,603 75,000 $ 988,563 $ 1,155,166 At December 31, 2021 and 2020, the Corporation had FHLB borrowing facilities whereby the Corporation could borrow up to $ 3.0 billion, of which $ 0.6 billion and $ 0.5 billion, respectively, were used. In addition, at December 31, 2021 and 2020, the Corporation had placed $ 1.2 billion and $ 0.9 billion, respectively, of the available FHLB credit facility as collateral for municipal letters of credit to secure deposits. The FHLB borrowing facilities are collateralized with loans held-in-portfolio, and do not have restrictive covenants or callable features. Also, at December 31, 2021, the Corporation has a borrowing facility at the discount window of the Federal Reserve Bank of New York amounting to $ 1.3 billion (2020 - $ 1.4 billion), which remained unused at December 31, 2021 and December 31, 2020.

Trust preferred securities

Trust preferred securities	12 Months Ended
	Dec. 31, 2021
Trust preferred securities [Abstract]
Trust Preferred Securities	Note 18 – Trust preferred securities Statutory trusts established by the Corporation (Popular Capital Trust I, Popular North America Capital Trust I and Popular Capital Trust II) had issued trust preferred securities (also referred to as “capital securities”) to the public. The proceeds from such issuances, together with the proceeds of the related issuances of common securities of the trusts (the “common securities”), were used by the trusts to purchase junior subordinated deferrable interest debentures (the “junior subordinated debentures”) issued by the Corporation. The sole assets of the trusts consisted of the junior subordinated debentures of the Corporation and the related accrued interest receivable. These trusts are not consolidated by the Corporation pursuant to accounting principles generally accepted in the United States of America. The junior subordinated debentures are included by the Corporation as notes payable in the Consolidated Statements of Financial Condition, while the common securities issued by the issuer trusts are included as debt securities held-to-maturity. The common securities of each trust are wholly-owned, or indirectly wholly-owned, by the Corporation. As disclosed in Note 17, on November 1, 2021, the Corporation redeemed all outstanding trust preferred securities issued by the Popular Capital Trust I amounting to approximately $ 187 million (or approximately $ 181 million after excluding the Corporation’s participation in the Trust of approximately $ 6 million) in the aggregate. The following tables presents financial data pertaining to the different trusts at December 31, 2021 and 2020. (Dollars in thousands) December 31, 2021 Popular North America Popular Issuer Capital Trust I Capital Trust Il Capital securities $ 91,651 $ 101,023 Distribution rate 6.564 % 6.125 % Common securities $ 2,835 $ 3,125 Junior subordinated debentures aggregate liquidation amount $ 94,486 $ 104,148 Stated maturity date September 2034 December 2034 Reference notes [1],[3],[5] [2],[4],[5] [1] Statutory business trust that is wholly-owned by PNA and indirectly wholly-owned by the Corporation. [2] Statutory business trust that is wholly-owned by the Corporation. [3] The obligation of PNA under the junior subordinated debenture and its guarantees of the capital securities under the trust is fully and unconditionally guaranteed on a subordinated basis by the Corporation to the extent set forth in the guarantee agreement. [4] These capital securities are fully and unconditionally guaranteed on a subordinated basis by the Corporation to the extent set forth in the guarantee agreement. [5] The Corporation has the right, subject to any required prior approval from the Federal Reserve, to redeem after certain dates or upon the occurrence of certain events mentioned below, the junior subordinated debentures at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest to the date of redemption. The maturity of the junior subordinated debentures may be shortened at the option of the Corporation prior to their stated maturity dates (i) on or after the stated optional redemption dates stipulated in the agreements, in whole at any time or in part from time to time, or (ii) in whole, but not in part, at any time within 90 days following the occurrence and during the continuation of a tax event, an investment company event or a capital treatment event as set forth in the indentures relating to the capital securities, in each case subject to regulatory approval. (Dollars in thousands) December 31, 2020 Popular Popular North America Popular Issuer Capital Trust I Capital Trust I Capital Trust Il Capital securities $ 181,063 $ 91,651 $ 101,023 Distribution rate 6.700 % 6.564 % 6.125 % Common securities $ 5,601 $ 2,835 $ 3,125 Junior subordinated debentures aggregate liquidation amount $ 186,664 $ 94,486 $ 104,148 Stated maturity date November 2033 September 2034 December 2034 Reference notes [2],[4],[5] [1],[3],[5] [2],[4],[5] [1] Statutory business trust that is wholly-owned by PNA and indirectly wholly-owned by the Corporation. [2] Statutory business trust that is wholly-owned by the Corporation. [3] The obligation of PNA under the junior subordinated debenture and its guarantees of the capital securities under the trust is fully and unconditionally guaranteed on a subordinated basis by the Corporation to the extent set forth in the guarantee agreement. [4] These capital securities are fully and unconditionally guaranteed on a subordinated basis by the Corporation to the extent set forth in the applicable guarantee agreement. [5] The Corporation has the right, subject to any required prior approval from the Federal Reserve, to redeem after certain dates or upon the occurrence of certain events mentioned below, the junior subordinated debentures at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest to the date of redemption. The maturity of the junior subordinated debentures may be shortened at the option of the Corporation prior to their stated maturity dates (i) on or after the stated optional redemption dates stipulated in the agreements, in whole at any time or in part from time to time, or (ii) in whole, but not in part, at any time within 90 days following the occurrence and during the continuation of a tax event, an investment company event or a capital treatment event as set forth in the indentures relating to the capital securities, in each case subject to regulatory approval. At December 31, 2021, the Corporation’s $ 193 million in trust preferred securities outstanding do not qualify for Tier 1 capital treatment, but instead qualify for Tier 2 capital treatment compared to $ 374 million at December 31, 2020.

Other liabilities

Other liabilities	12 Months Ended
	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Other liabilites	Note 19 − Other liabilities The caption of other liabilities in the consolidated statements of financial condition consists of the following major categories: (In thousands) December 31, 2021 December 31, 2020 Accrued expenses $ 308,594 $ 235,449 Accrued interest payable 33,227 38,622 Accounts payable 91,804 69,784 Dividends payable 35,937 33,701 Trades payable 13,789 720,212 Liability for GNMA loans sold with an option to repurchase 12,806 57,189 Reserves for loan indemnifications 12,639 24,781 Reserve for operational losses 43,886 41,452 Operating lease liabilities (Note 33) 154,114 152,588 Finance lease liabilities (Note 33) 19,719 22,572 Pension benefit obligation 8,778 35,568 Postretirement benefit obligation 161,988 179,211 Others 70,967 73,560 Total other liabilities $ 968,248 $ 1,684,689

Stockholders' equity

Stockholders' equity	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note
Stockholders' Equity	Note 20 – Stockholders’ equity The Corporation’s common stock ranks junior to all series of preferred stock as to dividend rights and / or as to rights on liquidation, dissolution or winding up of the Corporation. Dividends on preferred stock are payable if declared. The Corporation’s ability to declare or pay dividends on, or purchase, redeem or otherwise acquire, its common stock is subject to certain restrictions in the event that the Corporation fails to pay or set aside full dividends on the preferred stock for the latest dividend period. The ability of the Corporation to pay dividends in the future is limited by regulatory requirements, legal availability of funds, recent and projected financial results, capital levels and liquidity of the Corporation, general business conditions and other factors deemed relevant by the Corporation’s Board of Directors. The Corporation’s common stock trades on the NASDAQ Stock Market LLC (the “NASDAQ”) under the symbol BPOP. The 2003 Series A Preferred Stock are not listed on NASDAQ. Preferred stocks The Corporation has 30,000,000 shares of authorized preferred stock that may be issued in one or more series, and the shares of each series shall have such rights and preferences as shall be fixed by the Board of Directors when authorizing the issuance of that particular series. The Corporation’s shares of preferred stock at December 31, 2021 consisted of:  6.375% non-cumulative monthly income preferred stock, 2003 Series A, no par value, liquidation preference value of $ 25 per share. Holders on record of the 2003 Series A Preferred Stock are entitled to receive, when, as and if declared by the Board of Directors of the Corporation or an authorized committee thereof, out of funds legally available, non-cumulative cash dividends at the annual rate per share of 6.375% of their liquidation preference value, or $ 0.1328125 per share per month. These shares of preferred stock are perpetual, nonconvertible, have no preferential rights to purchase any securities of the Corporation and are redeemable solely at the option of the Corporation with the consent of the Board of Governors of the Federal Reserve System. The redemption price per share is $ 25.00. The shares of 2003 Series A Preferred Stock have no voting rights, except for certain rights in instances when the Corporation does not pay dividends for a defined period. These shares are not subject to any sinking fund requirement. Cash dividends declared and paid on the 2003 Series A Preferred Stock amounted to $ 1.4 million for the years ended December 31, 2021, 2020 and 2019. Outstanding shares of 2003 Series A Preferred Stock amounted to 885,726 at December 31, 2021, 2020 and 2019. On February 24, 2020, the Corporation redeemed all the outstanding shares of the 2008 Series B Preferred Stock. The redemption price of the 2008 Series B Preferred Stock was $ 25.00 per share, plus $ 0.1375 (representing the amount of accrued and unpaid dividends for the current monthly dividend period to the redemption date), for a total payment per share in the amount of $ 25.1375. At December 31, 2019 the Corporation had 1,120,665 outstanding shares of 2008 Series B Preferred Stock, described as follows:  8.25% non-cumulative monthly income preferred stock, 2008 Series B, no par value, liquidation preference value of $ 25 per share. The shares of 2008 Series B Preferred Stock were issued in May 2008. Holders of record of the 2008 Series B Preferred Stock are entitled to receive, when, as and if declared by the Board of Directors of the Corporation or an authorized committee thereof, out of funds legally available, non-cumulative cash dividends at the annual rate per share of 8.25% of their liquidation preferences, or $ 0.171875 per share per month. These shares of preferred stock are perpetual, nonconvertible, have no preferential rights to purchase any securities of the Corporation and are redeemable solely at the option of the Corporation with the consent of the Board of Governors of the Federal Reserve System beginning on May 28, 2013. Cash dividends declared and paid on the 2008 Series B Preferred Stock amounted to $ 2.3 million for the year ended December 31, 2019. Common stocks Dividends During the year 2021, c ash dividends of $ 1.75 ( 2020 - $ 1.60; 2019 - $ 1.20) per common share outstanding were declared amounting to $ 142.3 million (2020 - $ 136.6 million; 2019 - $ 116.0 million) of which $ 35.9 million were payable to shareholders of common stock at December 31, 2021 (2020 - $ 33.7 million; 2019 - $ 29.0 million) . The quarterly dividend of $ 0.45 per share declared to shareholders of record as of the close of business on December 7, 2021, was paid on January 3, 2022. On January 12, 2022, the Corporation announced as part of its capital plan for 2022, an increase in its quarterly common stock dividend from $ 0.45 to $ 0.55 per share, beginning in the second quarter of 2022, subject to approval by its Board of Directors. On February 23, 2022, the Corporation’s Board of Directors approved a quarterly cash dividend of $ 0.55 per share on its outstanding common stock, payable on April 1, 2022 to shareholders of record at the close of business on March 15, 2022. Accelerated share repurchase transaction (“ASR”) On May 3, 2021, the Corporation entered into a $ 350 million ASR transaction with respect to its common stock, which was accounted for as a treasury stock transaction. As a result of the receipt of the initial 3,785,831 shares, the Corporation recognized in stockholders’ equity approximately $ 280 million in treasury stock and $ 70 million as a reduction in capital surplus. The Corporation completed the transaction on September 9, 2021 and received 828,965 additional shares of common stock and recognized $ 61 million in treasury stock with a corresponding increase in capital surplus. In total, the Corporation repurchased a total of 4,614,796 shares at an average price of $ 75.8430 under the ASR Agreement. On January 30, 2020, the Corporation entered into a $ 500 million ASR transaction with respect to its common stock, which was accounted for as a treasury stock transaction. As a result of the receipt of the initial 7,055,919 shares, the Corporation recognized in stockholders’ equity approximately $ 400 million in treasury stock and $ 100 million as a reduction in capital surplus. On March 19, 2020 (the “early termination date”), the dealer counterparty to the ASR exercised its right to terminate the ASR as a result of the trading price of the Corporation’s common stock falling below a specified level due to the effects of the COVID-19 pandemic on the global markets. As a result of such early termination, the final settlement of the ASR, which was expected to occur during the fourth quarter of 2020, occurred during the second quarter of 2020. The Corporation completed the transaction on May 27, 2020 and received 4,763,216 additional shares of common stock after the early termination date. In total the Corporation repurchased 11,819,135 shares at an average price per share of $ 42.3043 under the ASR. During the fourth quarter of 2019, the Corporation completed a $ 250 million ASR. In connection therewith, the Corporation received an initial delivery of 3,500,000 shares of common stock during the first quarter of 2019 and received 1,165,607 additional shares of common stock during the fourth quarter of 2019. The final number of shares delivered at settlement was based on the average daily volume weighted average prince (“VWAP”) of its common stock, net of a discount, during the term of the ASR of $ 53.58. In connection with the transaction, the Corporation recognized $ 266 million in treasury stock, offset by $ 16 million adjustment to capital surplus. Statutory reserve The Banking Act of the Commonwealth of Puerto Rico requires that a minimum of 10% of BPPR’s net income for the year be transferred to a statutory reserve account until such statutory reserve equals the total of paid-in capital on common and preferred stock. Any losses incurred by a bank must first be charged to retained earnings and then to the reserve fund. Amounts credited to the reserve fund may not be used to pay dividends without the prior consent of the Puerto Rico Commissioner of Financial Institutions. The failure to maintain sufficient statutory reserves would preclude BPPR from paying dividends. BPPR’s statutory reserve fund amounted to $ 786 million at December 31, 2021 ( 2020 - $ 708 million; 2019 - $ 659 million). During 2021 , $ 78 million was transferred to the statutory reserve account ( 2020 - $ 49 million, 2019 - $ 60 million). BPPR was in compliance with the statutory reserve requirement in 2021 , 2020 and 2019 .

Regulatory capital requirements

Regulatory capital requirements	12 Months Ended
	Dec. 31, 2021
Regulatory Capital Requirements
Regulatory Capital Requirments	Note 21 – Regulatory capital requirements The Corporation, BPPR and PB are subject to various regulatory capital requirements imposed by the federal banking agencies. Failure to meet minimum capital requirements can lead to certain mandatory and additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Corporation’s consolidated financial statements. Popular, Inc., BPPR and PB are subject to Basel III capital requirements, including minimum and well capitalized regulatory capital ratios and compliance with the standardized approach for determining risk-weighted assets. The Basel III Capital Rules established a Common Equity Tier I (“CET1”) capital measure and related regulatory capital ratio CET1 to risk-weighted assets. The Basel III Capital Rules provide that a depository institution will be deemed to be well capitalized if it maintained a leverage ratio of at least 5%, a CET1 ratio of at least 6.5%, a Tier 1 risk-based capital ratio of at least 8% and a total risk-based ratio of at least 10%. Management has determined that at December 31, 2021 and 2020, the Corporation exceeded all capital adequacy requirements to which it is subject. The Corporation has been designated by the Federal Reserve Board as a Financial Holding Company (“FHC”) and is eligible to engage in certain financial activities permitted under the Gramm-Leach-Bliley Act of 1999. Pursuant to the adoption of the CECL accounting standard on January 1, 2020, the Corporation elected to use a five-year transition period option as permitted in the final interim regulatory capital rules effective March 31, 2020. The five-year transition period provision delays for two years the estimated impact of the adoption of the CECL accounting standard on regulatory capital, followed by a three-year transition period to phase out the aggregate amount of the capital benefit provided during the initial two-year delay. On April 9, 2020, federal banking regulators issued an interim final rule to modify the Basel III regulatory capital rules applicable to banking organizations to allow those organizations participating in the Paycheck Protection Program (“PPP”) established under the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) to neutralize the regulatory capital effects of participating in the program. Specifically, the agencies have clarified that banking organizations, including the Corporation and its Bank subsidiaries, are permitted to assign a zero percent risk weight to PPP loans for purposes of determining risk-weighted assets and risk-based capital ratios. Additionally, in order to facilitate use of the Paycheck Protection Program Liquidity Facility (the “PPPL Facility”), which provides Federal Reserve Bank loans to eligible financial institutions such as the Corporation’s Bank subsidiaries to fund PPP loans, the agencies further clarified that, for purposes of determining leverage ratios, a banking organization is permitted to exclude from total average assets PPP loans that have been pledged as collateral for a PPPL Facility. As of December 31, 2021, the Corporation has $ 353 million in PPP loans and no loans were pledged as collateral for PPPL Facilities. At December 31, 2021 and 2020, BPPR and PB were well-capitalized under the regulatory framework for prompt corrective action. The following tables present the Corporation’s risk-based capital and leverage ratios at December 31, 2021 and 2020 under the Basel III regulatory guidance. Actual Capital adequacy minimum requirement (including conservation capital buffer) [1] (Dollars in thousands) Amount Ratio Amount Ratio 2021 Total Capital (to Risk-Weighted Assets): Corporation $ 6,084,105 19.35 % $ 3,301,329 10.500 % BPPR 4,281,930 18.92 2,376,184 10.500 PB 1,361,911 16.78 852,032 10.500 Common Equity Tier I Capital (to Risk-Weighted Assets): Corporation $ 5,476,031 17.42 % $ 2,200,886 7.000 % BPPR 3,998,102 17.67 1,584,123 7.000 PB 1,309,398 16.14 568,021 7.000 Tier I Capital (to Risk-Weighted Assets): Corporation $ 5,498,174 17.49 % $ 2,672,504 8.500 % BPPR 3,998,102 17.67 1,923,577 8.500 PB 1,309,398 16.14 689,740 8.500 Tier I Capital (to Average Assets): Corporation $ 5,498,174 7.41 % $ 2,969,535 4 % BPPR 3,998,102 6.24 2,561,003 4 PB 1,309,398 13.44 389,736 4 [1] The conservation capital buffer included for these ratios is 2.5%, except for the Tier I to Average Asset ratio for which the buffer is not applicable and therefore the capital adequacy minimum of 4% is presented. Actual Capital adequacy minimum requirement (including conservation capital buffer) (Dollars in thousands) Amount Ratio Amount Ratio 2020 Total Capital (to Risk-Weighted Assets): Corporation $ 5,773,919 18.81 % $ 3,223,720 10.500 % BPPR 4,226,887 18.58 2,388,394 10.500 PB 1,283,332 17.34 776,975 10.500 Common Equity Tier I Capital (to Risk-Weighted Assets): Corporation $ 4,992,096 16.26 % $ 2,149,146 7.000 % BPPR 3,940,385 17.32 1,592,262 7.000 PB 1,190,758 16.09 517,983 7.000 Tier I Capital (to Risk-Weighted Assets): Corporation $ 5,014,239 16.33 % $ 2,609,678 8.500 % BPPR 3,940,385 17.32 1,933,461 8.500 PB 1,190,758 16.09 628,980 8.500 Tier I Capital (to Average Assets): Corporation $ 5,014,239 7.80 % $ 2,572,201 4 % BPPR 3,940,385 7.26 2,169,835 4 PB 1,190,758 12.35 385,685 4 The following table presents the minimum amounts and ratios for the Corporation’s banks to be categorized as well-capitalized. 2021 2020 (Dollars in thousands) Amount Ratio Amount Ratio Total Capital (to Risk-Weighted Assets): BPPR $ 2,263,032 10 % $ 2,274,660 10 % PB 811,459 10 739,976 10 Common Equity Tier I Capital (to Risk-Weighted Assets): BPPR $ 1,470,971 6.5 % $ 1,478,529 6.5 % PB 527,448 6.5 480,985 6.5 Tier I Capital (to Risk-Weighted Assets): BPPR $ 1,810,426 8 % $ 1,819,728 8 % PB 649,167 8 591,981 8 Tier I Capital (to Average Assets): BPPR $ 3,201,254 5 % $ 2,712,294 5 % PB 487,171 5 482,106 5

Other comprehensive (loss) inco

Other comprehensive (loss) income	12 Months Ended
	Dec. 31, 2021
Disclosure Of Change In Accumulated Other Comprehensive Income Loss [Abstract]
Other Comprehensive Income (Loss)	Note 22 – Other comprehensive (loss) income The following table presents changes in accumulated other comprehensive (loss) income by component for the years ended December 31, 2021, 2020 and 2019. Changes in Accumulated Other Comprehensive (Loss) Income by Component [1] Years ended December 31, (In thousands) 2021 2020 2019 Foreign currency translation Beginning Balance $ ( 71,254) $ ( 56,783) $ ( 49,936) Other comprehensive income (loss) 3,947 ( 14,471) ( 6,847) Net change 3,947 ( 14,471) ( 6,847) Ending balance $ ( 67,307) $ ( 71,254) $ ( 56,783) Adjustment of pension and postretirement benefit plans Beginning Balance $ ( 195,056) $ ( 202,816) $ ( 203,836) Other comprehensive income (loss) before reclassifications 23,094 ( 5,645) ( 13,671) Amounts reclassified from accumulated other comprehensive loss for amortization of net losses 12,968 13,405 14,691 Net change 36,062 7,760 1,020 Ending balance $ ( 158,994) $ ( 195,056) $ ( 202,816) Unrealized net holding (losses) gains on debt securities Beginning Balance $ 460,900 $ 92,155 $ ( 173,811) Other comprehensive (loss) income before reclassifications ( 557,002) 368,780 265,950 Amounts reclassified from accumulated other comprehensive income (loss) for (gains) losses on securities ( 18) ( 35) 16 Net change ( 557,020) 368,745 265,966 Ending balance $ ( 96,120) $ 460,900 $ 92,155 Unrealized net losses on cash flow hedges Beginning Balance $ ( 4,599) $ ( 2,494) $ ( 391) Reclassification to retained earnings due to cumulative effect adjustment of accounting change - - ( 50) Other comprehensive income (loss) before reclassifications 367 ( 6,400) ( 4,439) Amounts reclassified from accumulated other comprehensive loss 1,584 4,295 2,386 Net change 1,951 ( 2,105) ( 2,103) Ending balance $ ( 2,648) $ ( 4,599) $ ( 2,494) Total $ ( 325,069) $ 189,991 $ ( 169,938) [1] All amounts presented are net of tax. The following table presents the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the years ended December 31, 2021, 2020, and 2019. Reclassifications Out of Accumulated Other Comprehensive (Loss) Income Affected Line Item in the Years ended December 31, (In thousands) Consolidated Statements of Operations 2021 2020 2019 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ ( 20,749) $ ( 21,447) $ ( 23,508) Total before tax ( 20,749) ( 21,447) ( 23,508) Income tax benefit 7,781 8,042 8,817 Total net of tax $ ( 12,968) $ ( 13,405) $ ( 14,691) Unrealized net holding (losses) gains on debt securities Realized gain (loss) on sale of debt securities Net gain (loss) on sale of debt securities $ 23 $ 41 $ ( 20) Total before tax 23 41 ( 20) Income tax (expense) benefit ( 5) ( 6) 4 Total net of tax $ 18 $ 35 $ ( 16) Unrealized net losses on cash flow hedges Forward contracts Mortgage banking activities $ ( 704) $ ( 5,559) $ ( 3,992) Interest rate swaps Other operating income ( 1,143) ( 820) 110 Total before tax ( 1,847) ( 6,379) ( 3,882) Income tax benefit 263 2,084 1,496 Total net of tax $ ( 1,584) $ ( 4,295) $ ( 2,386) Total reclassification adjustments, net of tax $ ( 14,534) $ ( 17,665) $ ( 17,093)

Guarantees

Guarantees	12 Months Ended
	Dec. 31, 2021
Guarantees
Guarantees	Note 23 – Guarantees The Corporation has obligations upon the occurrence of certain events under financial guarantees provided in certain contractual agreements as summarized below. The Corporation issues financial standby letters of credit and has risk participation in standby letters of credit issued by other financial institutions, in each case to guarantee the performance of various customers to third parties. If the customers failed to meet its financial or performance obligation to the third party under the terms of the contract, then, upon their request, the Corporation would be obligated to make the payment to the guaranteed party. At December 31, 2021, the Corporation recorded a liability of $ 0.2 million (December 31, 2020 - $ 0.2 million), which represents the unamortized balance of the obligations undertaken in issuing the guarantees under the standby letters of credit. In accordance with the provisions of ASC Topic 460, the Corporation recognizes at fair value the obligation at inception of the standby letters of credit. The fair value approximates the fee received from the customer for issuing such commitments. These fees are deferred and are recognized over the commitment period. The contracted amounts in standby letters of credit outstanding at December 31, 2021 and 2020, shown in Note 24, represent the maximum potential amount of future payments that the Corporation could be required to make under the guarantees in the event of nonperformance by the customers. These standby letters of credit are used by the customers as a credit enhancement and typically expire without being drawn upon. The Corporation’s standby letters of credit are generally secured, and in the event of nonperformance by the customers, the Corporation has rights to the underlying collateral provided, which normally includes cash, marketable securities, real estate, receivables, and others. Management does not anticipate any material losses related to these instruments. Also, from time to time, the Corporation securitized mortgage loans into guaranteed mortgage-backed securities subject in certain instances, to lifetime credit recourse on the loans that serve as collateral for the mortgage-backed securities. The Corporation has not sold any mortgage loans subject to credit recourse since 2009. Also, from time to time, the Corporation may sell, in bulk sale transactions, residential mortgage loans and Small Business Administration (“SBA”) commercial loans subject to credit recourse or to certain representations and warranties from the Corporation to the purchaser. These representations and warranties may relate, for example, to borrower creditworthiness, loan documentation, collateral, prepayment and early payment defaults. The Corporation may be required to repurchase the loans under the credit recourse agreements or representation and warranties. At December 31, 2021, the Corporation serviced $ 0.7 billion (December 31, 2020 - $ 0.9 billion) in residential mortgage loans subject to credit recourse provisions, principally loans associated with FNMA and FHLMC residential mortgage loan securitization programs. In the event of any customer default, pursuant to the credit recourse provided, the Corporation is required to repurchase the loan or reimburse the third party investor for the incurred loss. The maximum potential amount of future payments that the Corporation would be required to make under the recourse arrangements in the event of nonperformance by the borrowers is equivalent to the total outstanding balance of the residential mortgage loans serviced with recourse and interest, if applicable. During 2021, the Corporation repurchased approximately $ 19 million of unpaid principal balance in mortgage loans subject to the credit recourse provisions (2020 - $ 161 million, which included $ 120 million as part of the bulk loan repurchase from FNMA and FHLMC during the third quarter of 2020, for which the Corporation recorded a release of $ 5.1 million in its reserve for credit recourse). In the event of nonperformance by the borrower, the Corporation has rights to the underlying collateral securing the mortgage loan. The Corporation suffers losses on these loans when the proceeds from a foreclosure sale of the property underlying a defaulted mortgage loan are less than the outstanding principal balance of the loan plus any uncollected interest advanced and the costs of holding and disposing the related property. At December 31, 2021, the Corporation’s liability established to cover the estimated credit loss exposure related to loans sold or serviced with credit recourse amounted to $ 12 million (December 31, 2020 - $ 22 million). The following table shows the changes in the Corporation’s liability of estimated losses from these credit recourses agreements, included in the consolidated statements of financial condition during the years ended December 31, 2021 and 2020. Years ended December 31, (In thousands) 2021 2020 Balance as of beginning of period $ 22,484 $ 34,862 Impact of adopting CECL - ( 3,831) Provision (benefit) for recourse liability ( 2,948) ( 104) Net charge-offs ( 7,736) ( 8,443) Balance as of end of period $ 11,800 $ 22,484 The estimated losses to be absorbed under the credit recourse arrangements are recorded as a liability when the loans are sold and are updated by accruing or reversing expense (categorized in the line item “Adjustments (expense) to indemnity reserves on loans sold” in the consolidated statements of operations) throughout the life of the loan, as necessary, when additional relevant information becomes available. The methodology used to estimate the recourse liability is a function of the recourse arrangements given and considers a variety of factors, which include actual defaults and historical loss experience, foreclosure rate, estimated future defaults and the probability that a loan would be delinquent. Statistical methods are used to estimate the recourse liability. Expected loss rates are applied to different loan segmentations. The expected loss, which represents the amount expected to be lost on a given loan, considers the probability of default and loss severity. The probability of default represents the probability that a loan in good standing would become 90 days delinquent within the following twelve-month period. Regression analysis quantifies the relationship between the default event and loan-specific characteristics, including credit scores, loan-to-value ratios, and loan aging, among others. When the Corporation sells or securitizes mortgage loans, it generally makes customary representations and warranties regarding the characteristics of the loans sold. The Corporation’s mortgage operations in Puerto Rico group conforming mortgage loans into pools which are exchanged for FNMA and GNMA mortgage-backed securities, which are generally sold to private investors, or are sold directly to FNMA for cash. As required under the government agency programs, quality review procedures are performed by the Corporation to ensure that asset guideline qualifications are met. To the extent the loans do not meet specified characteristics, the Corporation may be required to repurchase such loans or indemnify for losses and bear any subsequent loss related to the loans. There were no repurchases under BPPR’s representation and warranty arrangements during the years ended December 31, 2021 and 2020. A substantial amount of these loans reinstate to performing status or have mortgage insurance, and thus the ultimate losses on the loans are not deemed significant. The following table presents the changes in the Corporation’s liability for estimated losses associated with the indemnifications and representations and warranties related to loans sold during the years ended December 31, 2021 and 2020. Years ended December 31, (In thousands) 2021 2020 Balance as of beginning of period $ 2,297 $ 3,212 Provision (benefit) for representation and warranties ( 1,458) ( 915) Balance as of end of period $ 839 $ 2,297 Servicing agreements relating to the mortgage-backed securities programs of FNMA and GNMA, and to mortgage loans sold or serviced to certain other investors, including FHLMC, require the Corporation to advance funds to make scheduled payments of principal, interest, taxes and insurance, if such payments have not been received from the borrowers. At December 31, 2021, the Corporation serviced $ 12.1 billion in mortgage loans for third-parties, including the loans serviced with credit recourse (December 31, 2020 - $ 12.9 billion). The Corporation generally recovers funds advanced pursuant to these arrangements from the mortgage owner, from liquidation proceeds when the mortgage loan is foreclosed or, in the case of FHA/VA loans, under the applicable FHA and VA insurance and guarantees programs. However, in the meantime, the Corporation must absorb the cost of the funds it advances during the time the advance is outstanding. The Corporation must also bear the costs of attempting to collect on delinquent and defaulted mortgage loans. In addition, if a defaulted loan is not cured, the mortgage loan would be canceled as part of the foreclosure proceedings and the Corporation would not receive any future servicing incom e with respect to that loan. At December 31, 2021, the outstanding balance of funds advanced by the Corporation under such mortgage loan servicing agreements was approximately $ 54 million (December 31, 2020 - $ 66 million). To the extent the mortgage loans underlying the Corporation’s servicing portfolio experience increased delinquencies, the Corporation would be required to dedicate additional cash resources to comply with its obligation to advance funds as well as incur addition al administrative costs related to increases in collection efforts. Popular, Inc. Holding Company (“PIHC”) fully and unconditionally guarantees certain borrowing obligations issued by certain of its 100% owned consolidated subsidiaries amounting to $ 94 million at both December 31, 2021 and December 31, 2020, respectively. In addition, at both December 31, 2021 and December 31, 2020, PIHC fully and unconditionally guaranteed on a subordinated basis $ 193 million and $ 374 million, respectively, of capital securities (trust preferred securities) issued by wholly-owned issuing trust entities to the extent set forth in the applicable guarantee agreement. Refer to Note 18 to the consolidated financial statements for further information on the trust preferred securities.

Commitments and contingencies

Commitments and contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure
Commitments And Contingencies	Note 24 – Commitments and contingencies Off-balance sheet risk The Corporation is a party to financial instruments with off-balance sheet credit risk in the normal course of business to meet the financial needs of its customers. These financial instruments include loan commitments, letters of credit and standby letters of credit. These instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the consolidated statements of financial condition. The Corporation’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit, standby letters of credit and financial guarantees is represented by the contractual notional amounts of those instruments. The Corporation uses the same credit policies in making these commitments and conditional obligations as it does for those reflected on the consolidated statements of financial condition. Financial instruments with off-balance sheet credit risk, whose contract amounts represent potential credit risk as of the end of the periods presented were as follows: (In thousands) December 31, 2021 December 31, 2020 Commitments to extend credit: Credit card lines $ 5,382,089 $ 5,226,660 Commercial and construction lines of credit 3,830,601 3,805,459 Other consumer unused credit commitments 250,229 257,312 Commercial letters of credit 3,260 1,864 Standby letters of credit 27,848 22,266 Commitments to originate or fund mortgage loans 95,372 96,786 At December 31, 2021 and December 31, 2020, the Corporation maintained a reserve of approximately $ 7.9 million and $ 15.9 million, respectively, for potential losses associated with unfunded loan commitments related to commercial, construction and consumer lines of credit. Other commitments At December 31, 2021, and December 31, 2020, the Corporation also maintained other non-credit commitments for approximately $ 1.0 million and $ 1.4 million, respectively, primarily for the acquisition of other investments. Business concentration Since the Corporation’s business activities are concentrated primarily in Puerto Rico, its results of operations and financial condition are dependent upon the general trends of the Puerto Rico economy and, in particular, the residential and commercial real estate markets. The concentration of the Corporation’s operations in Puerto Rico exposes it to greater risk than other banking companies with a wider geographic base. Its asset and revenue composition by geographical area is presented in Note 37 to the Consolidated Financial Statements. Puerto Rico has faced significant fiscal and economic challenges for over a decade. In response to such challenges, the U.S. Congress enacted the Puerto Rico Oversight Management and Economic Stability Act (“PROMESA”) in 2016, which, among other things, established a Fiscal Oversight and Management Board for Puerto Rico (the “Oversight Board”) and a framework for the restructuring of the debts of the Commonwealth, its instrumentalities and municipalities. The Commonwealth and several of its instrumentalities have commenced debt restructuring proceedings under PROMESA. As of the date of this report, while municipalities have been designated as covered entities under PROMESA, no municipality has commenced, or has been authorized by the Oversight Board to commence, any such debt restructuring proceeding under PROMESA. At December 31, 2021, the Corporation’s direct exposure to the Puerto Rico government and its instrumentalities and municipalities totaled $ 367 million, of which $ 349 million were outstanding, compared to $ 377 million, which were fully outstanding at December 31, 2020. Of the amount outstanding, $ 319 million consists of loans and $ 30 million are securities ($ 342 million and $ 35 million at December 31, 2020). Substantially all of the amount outstanding at December 31, 2021 and December 31, 2020 were obligations from various Puerto Rico municipalities. In most cases, these were “general obligations” of a municipality, to which the applicable municipality has pledged its good faith, credit and unlimited taxing power, or “special obligations” of a municipality, to which the applicable municipality has pledged other revenues. At December 31, 2021, 75% of the Corporation’s exposure to municipal loans and securities was concentrated in the municipalities of San Juan, Guaynabo, Carolina and Bayamón. On July 1, 2021, the Corporation received scheduled principal payments amounting to $ 32 million from various obligations from Puerto Rico municipalities. The following table details the loans and investments representing the Corporation’s direct exposure to the Puerto Rico government according to their maturities as of December 31, 2021: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 14 $ - $ 14 $ 14 After 5 to 10 years 1 - 1 1 After 10 years 38 - 38 38 Total Central Government 53 - 53 53 Municipalities Within 1 year 4,240 68,650 72,890 72,890 After 1 to 5 years 14,395 70,962 85,357 103,546 After 5 to 10 years 11,280 123,521 134,801 134,801 After 10 years 230 55,257 55,487 55,487 Total Municipalities 30,145 318,390 348,535 366,724 Total Direct Government Exposure $ 30,198 $ 318,390 $ 348,588 $ 366,777 In addition, at December 31, 2021, the Corporation had $ 275 million in loans insured or securities issued by Puerto Rico governmental entities but for which the principal source of repayment is non-governmental ($ 317 million at December 31, 2020 ). These included $ 232 million in residential mortgage loans insured by the Puerto Rico Housing Finance Authority (“HFA”), a governmental instrumentality that has been designated as a covered entity under PROMESA (December 31, 2020 - $ 260 million). These mortgage loans are secured by first mortgages on Puerto Rico residential properties and the HFA insurance covers losses in the event of a borrower default and upon the satisfaction of certain other conditions. The Corporation also had at December 31, 2021, $ 43 million in bonds issued by HFA which are secured by second mortgage loans on Puerto Rico residential properties, and for which HFA also provides insurance to cover losses in the event of a borrower default and upon the satisfaction of certain other conditions (December 31, 2020 - $ 46 million). In the event that the mortgage loans insured by HFA and held by the Corporation directly or those serving as collateral for the HFA bonds default and the collateral is insufficient to satisfy the outstanding balance of these loans, HFA’s ability to honor its insurance will depend, among other factors, on the financial condition of HFA at the time such obligations become due and payable. The Corporation does not consider the government guarantee when estimating the credit losses associated with this portfolio. Although the Governor is currently authorized by local legislation to impose a temporary moratorium on the financial obligations of the HFA, a moratorium on such obligations has not been imposed as of the date hereof. BPPR’s commercial loan portfolio also includes loans to private borrowers who are service providers, lessors, suppliers or have other relationships with the government. These borrowers could be negatively affected by the Commonwealth’s fiscal crisis and the ongoing Title III proceedings under PROMESA. Similarly, BPPR’s mortgage and consumer loan portfolios include loans to government employees and retirees, which could also be negatively affected by fiscal measures such as employee layoffs or furloughs or reductions in pension benefits. In addition, $ 1.6 billion of residential mortgages, $ 353 million of Small Business Administration (“SBA”) loans under the Paycheck Protection Program (“PPP”) and $ 67 million commercial loans were insured or guaranteed by the U.S. Government or its agencies at December 31, 2021 (compared to $ 1.8 billion, $ 1.3 billion and $ 60 million, respectively, at December 31, 2020). At December 31, 2021, the Corporation has operations in the United States Virgin Islands (the “USVI”) and has approximately $ 70 million in direct exposure to USVI government entities (December 31, 2020 - $ 105 million). The USVI has been experiencing a number of fiscal and economic challenges that could adversely affect the ability of its public corporations and instrumentalities to service their outstanding debt obligations. At December 31, 2021, the Corporation has operations in the British Virgin Islands (“BVI”), which has been negatively affected by the COVID-19 pandemic, particularly as a reduction in the tourism activity which accounts for a significant portion of its economy. Although the Corporation has no significant exposure to a single borrower in the BVI, it has a loan portfolio amounting to approximately $ 221 million comprised of various retail and commercial clients, compared to a loan portfolio of $ 251 million at December 31, 2020, which included a $ 19 million loan with the BVI Government that was paid off during the second quarter of 2021. Legal Proceedings The nature of Popular’s business ordinarily generates claims, litigation, investigations, and legal and administrative cases and proceedings (collectively, “Legal Proceedings”). When the Corporation determines that it has meritorious defenses to the claims asserted, it vigorously defends itself. The Corporation will consider the settlement of cases (including cases where it has meritorious defenses) when, in management’s judgment, it is in the best interest of the Corporation and its stockholders to do so. On at least a quarterly basis, Popular assesses its liabilities and contingencies relating to outstanding Legal Proceedings utilizing the most current information available. For matters where it is probable that the Corporation will incur a material loss and the amount can be reasonably estimated, the Corporation establishes an accrual for the loss. Once established, the accrual is adjusted on at least a quarterly basis to reflect any relevant developments, as appropriate. For matters where a material loss is not probable, or the amount of the loss cannot be reasonably estimated, no accrual is established. In certain cases, exposure to loss exists in excess of the accrual to the extent such loss is reasonably possible, but not probable. Management believes and estimates that the range of reasonably possible losses (with respect to those matters where such limits may be determined, in excess of amounts accrued) for current Legal Proceedings ranged from $ 0 to approximately $ 33.9 million as of December 31, 2021. In certain cases, management cannot reasonably estimate the possible loss at this time. Any estimate involves significant judgment, given the varying stages of the Legal Proceedings (including the fact that many of them are currently in preliminary stages), the existence of multiple defendants in several of the current Legal Proceedings whose share of liability has yet to be determined, the numerous unresolved issues in many of the Legal Proceedings, and the inherent uncertainty of the various potential outcomes of such Legal Proceedings. Accordingly, management’s estimate will change from time-to-time, and actual losses may be more or less than the current estimate. While the outcome of Legal Proceedings is inherently uncertain, based on information currently available, advice of counsel, and available insurance coverage, management believes that the amount it has already accrued is adequate and any incremental liability arising from the Legal Proceedings in matters in which a loss amount can be reasonably estimated will not have a material adverse effect on the Corporation’s consolidated financial position. However, in the event of unexpected future developments, it is possible that the ultimate resolution of these matters in a reporting period, if unfavorable, could have a material adverse effect on the Corporation’s consolidated financial position for that period. Set forth below is a description of the Corporation’s significant Legal Proceedings. BANCO POPULAR DE PUERTO RICO Hazard Insurance Commission-Related Litigation Popular, Inc., BPPR and Popular Insurance, LLC (the “Popular Defendants”) have been named defendants in a class action complaint captioned Pérez Díaz v. Popular, Inc., et al, filed before the Court of First Instance, Arecibo Part. The complaint originally sought damages and preliminary and permanent injunctive relief on behalf of the class against the Popular Defendants, as well as Antilles Insurance Company and MAPFRE-PRAICO Insurance Company (the “Defendant Insurance Companies”). Plaintiffs allege that the Popular Defendants have been unjustly enriched by failing to reimburse them for commissions paid by the Defendant Insurance Companies to the insurance agent and/or mortgagee for policy years when no claims were filed against their hazard insurance policies. They demand the reimbursement to the purported “class” of an estimated $ 400 million plus legal interest, for the “good experience” commissions allegedly paid by the Defendant Insurance Companies during the relevant time period, as well as injunctive relief seeking to enjoin the Defendant Insurance Companies from paying commissions to the insurance agent/mortgagee and ordering them to pay those fees directly to the insured. A motion for dismissal on the merits filed by the Defendant Insurance Companies was denied with a right to replead following limited targeted discovery. Each of the Puerto Rico Court of Appeals and the Puerto Rico Supreme Court denied the Popular Defendants’ request to review the lower court’s denial of the motion to dismiss. In December 2017, plaintiffs amended the complaint and, in January 2018, defendants filed an answer thereto. Separately, in October 2017, the Court entered an order whereby it broadly certified the class, after which the Popular Defendants filed a certiorari petition before the Puerto Rico Court of Appeals in relation to the class certification, which the Court declined to entertain. In November 2018 and in January 2019, plaintiffs filed voluntary dismissal petitions against MAPFRE-PRAICO Insurance Company and Antilles Insurance Company, respectively, leaving the Popular Defendants as the sole remaining defendants in the action. In April 2019, the Court amended the class definition to limit it to individual homeowners whose residential units were subject to a mortgage from BPPR who, in turn, obtained risk insurance policies with Antilles Insurance or MAPFRE Insurance through Popular Insurance from 2002 to 2015, and who did not make insurance claims against said policies during their effective term. The Court approved in September 2020 the notice to the class, which is yet to be published. On May 7, 2021, the Popular Defendants filed a motion for summary judgment with respect to plaintiffs’ unjust enrichment theory of liability, reserving the right to file an additional motion for summary judgment regarding damages should the court deny the Popular Defendant’s pending motion to exclude an economic expert recently designated by Plaintiffs. On May 7, 2021, Popular, Inc. and BPPR also filed a separate motion for summary judgment alleging that, even taking as true and correct Plaintiffs’ theory of liability, Popular, Inc. and BPPR are not liable to Plaintiffs since they do not receive—and are legally prohibited from receiving insurance commissions. On September 27, 2021, the Court held an oral hearing to discuss the pending motions for summary judgment. At such hearing, Plaintiffs notified they did not object the dismissal of the action with prejudice as to Popular, Inc. and BPPR, leaving Popular Insurance, LLC as the sole remaining defendant in the case. On November 1, 2021, the Court issued a resolution denying Popular Insurance, LLC’s motion for summary judgment. On December 29, 2021, Popular Insurance filed a petition of certiorari to the Puerto Rico Court of Appeals, seeking review from the denial of the motion for summary judgment. This petition of certiorari is now fully briefed and pending resolution. Mortgage-Related Litigation BPPR was named a defendant in a putative class action captioned Yiries Josef Saad Maura v. Banco Popular, et al. on behalf of residential customers of the defendant banks who have allegedly been subject to illegal foreclosures and/or loan modifications through their mortgage servicers. Plaintiffs contend that when they sought to reduce their loan payments, defendants failed to provide them with such reduced loan payments, instead subjecting them to lengthy loss mitigation processes while filing foreclosure claims against them in parallel, all in violation of the Truth In Lending Act (“TILA”), the Real Estate Settlement Procedures Act (“RESPA”), the Equal Credit Opportunity Act (“ECOA”), the Fair Credit Reporting Act (“FCRA”), the Fair Debt Collection Practices Act (“FDCPA”) and other consumer-protection laws and regulations. Plaintiffs did not include a specific amount of damages in their complaint. After waiving service of process, BPPR filed a motion to dismiss the complaint (as did most co-defendants, separately). BPPR further filed a motion to oppose class certification, which the Court granted in September 2018. In April 2019, the Court entered an Opinion and Order granting BPPR’s and several other defendants’ motions to dismiss with prejudice. Plaintiffs filed a Motion for Reconsideration in April 2019, which Popular timely opposed. In September 2019, the Court issued an Amended Opinion and Order dismissing plaintiffs’ claims against all defendants, denying the reconsideration requests and other pending motions, and issuing final judgment. In October 2019, plaintiffs filed a Motion for Reconsideration of the Court’s Amended Opinion and Order, which was denied in December 2019. In January 2020, plaintiffs filed a Notice of Appeal to the U.S. Court of Appeals for the First Circuit. Plaintiffs filed their appeal brief in July 2020, Appellees filed their brief in September 2020, and Appellants filed their reply brief in January 2021. The appeal is now fully briefed and pending resolution. Insufficient Funds and Overdraft Fees Class Actions In February 2020, BPPR was served with a putative class action complaint captioned Soto-Melendez v. Banco Popular de Puerto Rico, filed before the United States District Court for the District of Puerto Rico. The complaint alleges breach of contract, breach of the covenant of good faith and fair dealing and unjust enrichment due to BPPR’s purported practice of (a) assessing more than one insufficient funds fee (“NSF Fees”) on the same “item” or transaction and (b) charging both NSF Fees and overdraft fees (“OD Fees”) on the same item or transaction, and is filed on behalf of all persons who during the applicable statute of limitations period were charged NSF Fees and/or OD Fees pursuant to these purported practices. In April 2020, BPPR filed a motion to dismiss the case. On April 21, 2021, the Court issued an order granting in part and denying in part BPPR’s motion to dismiss; the unjust enrichment claim was dismissed, whereas the breach of contract and covenant of good faith and fair dealing claims survived the motion. Discovery is ongoing. Popular has been also named as a defendant on a putative class action complaint captioned Golden v. Popular, Inc. filed in March 2020 before the U.S. District Court for the Southern District of New York, seeking damages, restitution and injunctive relief. Plaintiff alleges breach of contract, violation of the covenant of good faith and fair dealing, unjust enrichment and violation of New York consumer protection law due to Popular’s purported practice of charging OD Fees on transactions that, under plaintiffs’ theory, do not overdraw the account. Plaintiff describes Popular’s purported practice of charging OD Fees as “Authorize Positive, Purportedly Settle Negative” (“APPSN”) transactions and alleges that Popular assesses OD Fees over authorized transactions for which sufficient funds are held for settlement. In August 2020, Popular filed a Motion to Dismiss on several grounds, including failure to state a claim against Popular, Inc. and improper venue. In October 2020, Plaintiffs filed a Notice of Voluntary Dismissal before the U.S. District Court for the Southern District of New York and, simultaneously, filed an identical complaint in the U.S. District Court for the District of the Virgin Islands against Popular, Inc., Popular Bank and BPPR. In November 2020, Plaintiffs filed a Notice of Voluntary Dismissal against Popular, Inc. and Popular Bank following a Motion to Dismiss filed on behalf of such entities which argued failure to state a claim and lack of minimum contacts of such parties with the U.S.V.I. district court jurisdiction. BPPR, the only defendant remaining in the case, was served with process in November 2020 and filed a Motion to Dismiss in January 2021. On October 4, 2021, the District Court, notwithstanding that BPPR’s Motion to Dismiss remains pending resolution, held an initial scheduling conference and, thereafter, issued a trial management order where it scheduled the deadline for all discovery for November 1, 2022, the deadline for the filing of a joint pre-trial brief for June 1, 2023, and the trial for June 20 to June 30, 2023. On January 31, 2022, Popular was also named as a defendant on a putative class action complaint captioned Lipsett v. Popular, Inc. d/b/a Banco Popular, filed before the U.S. District Court for the Southern District of New York, seeking damages, restitution and injunctive relief. Similar to the claims set forth in the aforementioned Golden complaint, Plaintiff alleges breach of contract, including violations of the covenant of good faith and fair dealing, as a result of Popular’s purported practice of charging OD Fees for APPSN transactions. The complaint further alleges that Popular assesses OD Fees over authorized transactions for which sufficient funds are held for settlement. Popular waived service of process and expects to file a responsive allegation by April 4, 2022. POPULAR BANK Employment-Related Litigation In July 2019, Popular Bank (“PB”) was served in a putative class complaint in which it was named as a defendant along with five ( 5) current PB employees (collectively, the “AB Defendants”), captioned Aileen Betances, et al. v. Popular Bank, et al., filed before the Supreme Court of the State of New York (the “AB Action”). The complaint, filed by five ( 5) current and former PB employees, seeks to recover damages for the AB Defendants' alleged violation of local and state sexual harassment, discrimination and retaliation laws. Additionally, in July 2019, PB was served in a putative class complaint in which it was named as a defendant along with six ( 6) current PB employees (collectively, the “DR Defendants”), captioned Damian Reyes, et al. v. Popular Bank, et al., filed before the Supreme Court of the State of New York (the “DR Action”). The DR Action, filed by three ( 3) current and former PB employees, seeks to recover damages for the DR Defendants’ alleged violation of local and state discrimination and retaliation laws. Plaintiffs in both complaints are represented by the same legal counsel, and five of the six named individual defendants in the DR Action are the same named individual defendants in the AB Action. Both complaints are related, among other things, to allegations of purported sexual harassment and/or misconduct by a former PB employee as well as PB’s actions in connection thereto and seek no less than $ 100 million in damages each. In October 2019, PB and the other defendants filed several Motions to Dismiss. Plaintiffs opposed the motions in December 2019 and PB and the other defendants replied in January 2020. In July 2020, a hearing to discuss the motions to dismiss filed by PB in both actions was held, at which the Court dismissed one of the causes of action included by plaintiffs in the AB Action. In June 2021, the Court in the AB Action entered a judgment dismissing all claims except those regarding the principal plaintiff Aileen Betances against PB for retaliation, and Betances’ claim against three ( 3) other AB Defendants for aiding/abetting the alleged retaliation. Also, in July 2021, the Court in the DR action entered a partial judgment dismissing all claims against the individual DR Defendants, with all surviving claims being against PB and limited to local retaliation claims and local and state discrimination claims. Plaintiffs in both the AB Action and the DR Action have filed notices of appeal of both judgments. On August 11, 2021, PB and the remaining AB Defendants in the AB Action, as well as PB in the DR Action, answered the respective complaints as to the surviving claims. Discovery is ongoing. POPULAR SECURITIES Puerto Rico Bonds and Closed-End Investment Funds The volatility in prices and declines in value that Puerto Rico municipal bonds and closed-end investment companies that invest primarily in Puerto Rico municipal bonds have experienced since August 2013 have led to regulatory inquiries, customer complaints and arbitrations for most broker-dealers in Puerto Rico, including Popular Securities. Popular Securities has received customer complaints and, as of December 31, 2021, was named as a respondent (among other broker-dealers) in 65 pending arbitration proceedings with initial claimed amounts of approximately $ 62 million in the aggregate. While Popular Securities believes it has meritorious defenses to the claims asserted in these proceedings, it has often determined that it is in its best interest to settle certain claims rather than expend the money and resources required to see such cases to completion. The Puerto Rico Government’s defaults and non-payment of its various debt obligations, as well as the Commonwealth’s and the Financial Oversight Management Board’s (the “Oversight Board”) decision to pursue restructurings under Title III and Title VI of PROMESA, have impacted the number of customer complaints (and claimed damages) filed against Popular Securities concerning Puerto Rico bonds and closed-end investment companies that invest primarily in Puerto Rico bonds. An adverse result in the arbitration proceedings described above, or a significant increase in customer complaints, could have a material adverse effect on Popular. On October 28, 2021, a panel in an arbitration proceeding with claimed damages arising from trading losses of approximately $ 30 million ordered Popular Securities to pay claimants approximately $ 6.9 million in compensatory damages and expenses. On November 4, 2021, the claimants in such arbitration proceeding filed a complaint captioned Trinidad García v. Popular, Inc. et. al. before the United States District Court for the District of Puerto Rico against Popular, Inc., BPPR and Popular Securities (the “Popular Defendants”) alleging, inter alia, that they sustained monetary losses as a result of the Popular Defendants’ anticompetitive, unfair, and predatory practices, including tying arrangements prohibited by the Bank Holding Company Act. Plaintiffs claim that the Popular Defendants caused them to enter a tying arrangement scheme whereby BPPR allegedly would extend secured credit lines to the Plaintiffs on the conditions that they transfer their portfolios to Popular Securities to be used as pledged collateral and obtain additional investment services and products solely from Popular Securities, not from any of its competitors. Plaintiffs also invoke federal court’s supplemental jurisdiction to allege several state law claims against the Popular Defendants, including contractual fault, fault in causing losses in value of the pledge collateral, breach of contract, request for specific compliance thereof, fault in pre-contractual negotiations, emotional distress, and punitive damages. On January 27, 2022, Plaintiffs filed an Amended Complaint and the Popular Defendants were served with summons on that same date. Plaintiffs demand no less than $ 390 million in damages, plus an award for costs and attorney's fees. The Popular Defendants expect to file their response by March 21, 2022. PROMESA Title III Proceedings In 2017, the Oversight Board engaged the law firm of Kobre & Kim to carry out an independent investigation on behalf of the Oversight Board regarding, among other things, the causes of the Puerto Rico financial crisis. Popular, Inc., BPPR and Popular Securities (collectively, the “Popular Companies”) were served by, and cooperated with, the Oversight Board in connection with requests for the preservation and voluntary production of certain documents and witnesses with respect to Kobre & Kim’s independent investigation. On August 20, 2018, Kobre & Kim issued its Final Report, which contained various references to the Popular Companies, including an allegation that Popular Securities participated as an underwriter in the Commonwealth’s 2014 issuance of government obligation bonds notwithstanding having allegedly advised against it. The report noted that such allegation could give rise to an unjust enrichment claim against the Corporation and could also serve as a basis to equitably subordinate claims filed by the Corporation in the Title III proceeding to other third-party claims. After the publication of the Final Report, the Oversight Board created a special claims committee (“SCC”) and, before the end of the applicable two-year statute of limitations for the filing of such claims pursuant to the U.S. Bankruptcy Code, the SCC, along with the Commonwealth’s Unsecured Creditors’ Committee (“UCC”), filed various avoidance, fraudulent transfer and other claims against third parties, including government vendors and financial institutions and other professionals involved in bond issuances then being challenged as invalid by the SCC and the UCC. The Popular Companies, the SCC and the UCC entered into a tolling agreement with respect to potential claims the SCC and the UCC, on behalf of the Commonwealth or other Title III debtors, may assert against the Popular Companies for the avoidance and recovery of payments and/or transfers made to the Popular Companies or as a result of any role of the Popular Companies in the offering of the aforementioned challenged bond issuances. On January 12, 2022, the SCC, the UCC and the Popular Companies executed a settlement agreement as to potential claims related to the avoidance and recovery of payments and/or transfers made to the Popular Companies. The tolling agreement as to potential claims the SCC and the UCC may assert against the Popular Companies as a result of any role of the Popular Companies in the offering of certain challenged bond issuances remains in effect.

Non-consolidated variable inter

Non-consolidated variable interest entities	12 Months Ended
	Dec. 31, 2021
Variable Interest Entity
Variable interest entity disclosure	Note 25 – Non-consolidated variable interest entities The Corporation is involved with three statutory trusts which it established to issue trust preferred securities to the public. These trusts are deemed to be variable interest entities (“VIEs”) since the equity investors at risk have no substantial decision-making rights. The Corporation does not hold any variable interest in the trusts, and therefore, cannot be the trusts’ primary beneficiary. Furthermore, the Corporation concluded that it did not hold a controlling financial interest in these trusts since the decisions of the trusts are predetermined through the trust documents and the guarantee of the trust preferred securities is irrelevant since in substance the sponsor is guaranteeing its own debt. Also, the Corporation is involved with various special purpose entities mainly in guaranteed mortgage securitization transactions, including GNMA and FNMA. These special purpose entities are deemed to be VIEs since they lack equity investments at risk. The Corporation’s continuing involvement in these guaranteed loan securitizations includes owning certain beneficial interests in the form of securities as well as the servicing rights retained. The Corporation is not required to provide additional financial support to any of the variable interest entities to which it has transferred the financial assets. The mortgage-backed securities, to the extent retained, are classified in the Corporation’s Consolidated Statements of Financial Condition as available-for-sale or trading securities. The Corporation concluded that, essentially, these entities (FNMA and GNMA) control the design of their respective VIEs, dictate the quality and nature of the collateral, require the underlying insurance, set the servicing standards via the servicing guides and can change them at will, and can remove a primary servicer with cause, and without cause in the case of FNMA. Moreover, through their guarantee obligations, agencies (FNMA and GNMA) have the obligation to absorb losses that could be potentially significant to the VIE. The Corporation holds variable interests in these VIEs in the form of agency mortgage-backed securities and collateralized mortgage obligations, including those securities originated by the Corporation and those acquired from third parties. Additionally, the Corporation holds agency mortgage-backed securities and agency collateralized mortgage obligations issued by third party VIEs in which it has no other form of continuing involvement. Refer to Note 28 to the Consolidated Financial Statements for additional information on the debt securities outstanding at December 31, 2021 and 2020, which are classified as available-for-sale and trading securities in the Corporation’s Consolidated Statements of Financial Condition. In addition, the Corporation holds variable interests in the form of servicing fees, since it retains the right to service the transferred loans in those government-sponsored special purpose entities (“SPEs”) and may also purchase the right to service loans in other government-sponsored SPEs that were transferred to those SPEs by a third-party. The following table presents the carrying amount and classification of the assets related to the Corporation’s variable interests in non-consolidated VIEs and the maximum exposure to loss as a result of the Corporation’s involvement as servicer of GNMA and FNMA loans at December 31, 2021 and 2020. (In thousands) December 31, 2021 December 31, 2020 Assets Servicing assets: Mortgage servicing rights $ 94,464 $ 90,273 Total servicing assets $ 94,464 $ 90,273 Other assets: Servicing advances $ 7,968 $ 8,769 Total other assets $ 7,968 $ 8,769 Total assets $ 102,432 $ 99,042 Maximum exposure to loss $ 102,432 $ 99,042 The size of the non-consolidated VIEs, in which the Corporation has a variable interest in the form of servicing fees, measured as the total unpaid principal balance of the loans, amounted to $ 8.3 billion at December 31, 2021 (December 31, 2020 - $ 8.7 billion). The Corporation determined that the maximum exposure to loss includes the fair value of the MSRs and the assumption that the servicing advances at December 31, 2021 and 2020 will not be recovered. The agency debt securities are not included as part of the maximum exposure to loss since they are guaranteed by the related agencies. ASU 2009-17 requires that an ongoing primary beneficiary assessment should be made to determine whether the Corporation is the primary beneficiary of any of the VIEs it is involved with. The conclusion on the assessment of these non-consolidated VIEs has not changed since their initial evaluation. The Corporation concluded that it is still not the primary beneficiary of these VIEs, and therefore, these VIEs are not required to be consolidated in the Corporation’s financial statements at December 31, 2021.

Derivative instruments and hedg

Derivative instruments and hedging activities	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure
Derivative Instruments and Hedging Activities	Note 26 – Derivative instruments and hedging activities The use of derivatives is incorporated as part of the Corporation’s overall interest rate risk management strategy to minimize significant unplanned fluctuations in earnings and cash flows that are caused by interest rate volatility. The Corporation’s goal is to manage interest rate sensitivity by modifying the repricing or maturity characteristics of certain balance sheet assets and liabilities so that the net interest income is not materially affected by movements in interest rates. The Corporation uses derivatives in its trading activities to facilitate customer transactions, and as a means of risk management. As a result of interest rate fluctuations, hedged fixed and variable interest rate assets and liabilities will appreciate or depreciate in fair value. The effect of this unrealized appreciation or depreciation is expected to be substantially offset by the Corporation’s gains or losses on the derivative instruments that are linked to these hedged assets and liabilities. As a matter of policy, the Corporation does not use highly leveraged derivative instruments for interest rate risk management. The credit risk attributed to the counterparty’s nonperformance risk is incorporated in the fair value of the derivatives. Additionally, the fair value of the Corporation’s own credit standing is considered in the fair value of the derivative liabilities. During the year ended December 31, 2021, inclusion of the credit risk in the fair value of the derivatives resulted in a loss of $ 0.3 million from the Corporation’s credit standing adjustment and a loss of $ 0.1 million from the counterparty’s nonperformance risk. During the years ended December 31, 2020 and 2019, the Corporation recognized a gain of $ 0.7 million and $ 0.2 million, respectively, from the Corporation’s credit standing adjustment. The Corporation’s derivatives are subject to agreements which allow a right of set-off with each respective counterparty. In an event of default each party has a right of set-off against the other party for amounts owed in the related agreement and any other amount or obligation owed in respect of any other agreement or transaction between them. Pursuant to the Corporation’s accounting policy, the fair value of derivatives is not offset with the fair value of other derivatives held with the same counterparty even if these agreements allow a right of set-off. In addition, the fair value of derivatives is not offset with the amounts for the right to reclaim financial collateral or the obligation to return financial collateral. Financial instruments designated as cash flow hedges or non-hedging derivatives outstanding at December 31, 2021 and 2020 were as follows: Notional amount Derivative assets Derivative liabilities Statement of Fair value at Statement of Fair value at At December 31, condition December 31, condition December 31, (In thousands) 2021 2020 classification 2021 2020 classification 2021 2020 Derivatives designated as hedging instruments: Forward contracts $ 87,900 $ 188,800 Other assets $ 18 $ - Other liabilities $ 125 $ 1,267 Total derivatives designated as hedging instruments $ 87,900 $ 188,800 $ 18 $ - $ 125 $ 1,267 Derivatives not designated as hedging instruments: Interest rate caps $ 27,866 $ 29,248 Other assets $ - $ - Other liabilities $ - $ - Indexed options on deposits 79,114 69,054 Other assets 26,075 20,785 - - - Bifurcated embedded options 72,352 63,121 - - - Interest bearing deposits 22,753 17,658 Total derivatives not designated as hedging instruments $ 179,332 $ 161,423 $ 26,075 $ 20,785 $ 22,753 $ 17,658 Total derivative assets and liabilities $ 267,232 $ 350,223 $ 26,093 $ 20,785 $ 22,878 $ 18,925 Cash Flow Hedges The Corporation utilizes forward contracts to hedge the sale of mortgage-backed securities with duration terms over one month. Interest rate forwards are contracts for the delayed delivery of securities, which the seller agrees to deliver on a specified future date at a specified price or yield. These forward contracts are hedging a forecasted transaction and thus qualify for cash flow hedge accounting. Changes in the fair value of the derivatives are recorded in other comprehensive (loss) income. The amount included in accumulated other comprehensive (loss) income corresponding to these forward contracts is expected to be reclassified to earnings in the next twelve months. These contracts have a maximum remaining maturity of 76 days at December 31, 2021. For cash flow hedges, net gains (losses) on derivative contracts that are reclassified from accumulated other comprehensive (loss) income to current period earnings are included in the line item in which the hedged item is recorded and during the period in which the forecasted transaction impacts earnings, as presented in the tables below. Year ended December 31, 2021 (In thousands) Amount of net gain (loss) recognized in OCI on derivatives (effective portion) Classification in the statement of operations of the net gain (loss) reclassified from AOCI into income (effective portion and ineffective portion) Amount of net gain (loss) reclassified from AOCI into income (effective portion) Amount of net gain (loss) recognized in income on derivatives (ineffective portion) Forward contracts $ 456 Mortgage banking activities $ ( 704) $ - Total $ 456 $ ( 704) $ - Year ended December 31, 2020 (In thousands) Amount of net gain (loss) recognized in OCI on derivatives (effective portion) Classification in the statement of operations of the net gain (loss) reclassified from AOCI into income (effective portion and ineffective portion) Amount of net gain (loss) reclassified from AOCI into income (effective portion) Amount of net gain (loss) recognized in income on derivatives (ineffective portion) Forward contracts $ ( 6,594) Mortgage banking activities $ ( 5,559) $ - Total $ ( 6,594) $ ( 5,559) $ - Year ended December 31, 2019 (In thousands) Amount of net gain (loss) recognized in OCI on derivatives (effective portion) Classification in the statement of operations of the net gain (loss) reclassified from AOCI into income (effective portion and ineffective portion) Amount of net gain (loss) reclassified from AOCI into income (effective portion) Amount of net gain (loss) recognized in income on derivatives (ineffective portion) Forward contracts $ ( 3,502) Mortgage banking activities $ ( 3,992) $ - Total $ ( 3,502) $ ( 3,992) $ - Fair Value Hedges At December 31, 2021 and 2020, there were no derivatives designated as fair value hedges. Non-Hedging Activities For the year ended December 31, 2021, the Corporation recognized a gain of $ 2.3 million (2020 – loss of $ 3.0 million; 2019 – loss of $ 1.2 million) related to its non-hedging derivatives, as detailed in the table below. Amount of Net Gain (Loss) Recognized in Income on Derivatives Year ended Year ended Year ended Classification of Net Gain (Loss) December 31, December 31, December 31, (In thousands) Recognized in Income on Derivatives 2021 2020 2019 Forward contracts Mortgage banking activities $ 2,027 $ ( 5,027) $ ( 2,254) Interest rate caps Other operating income - - ( 5) Indexed options on deposits Interest expense 6,824 5,462 7,898 Bifurcated embedded options Interest expense ( 6,538) ( 3,417) ( 6,883) Total $ 2,313 $ ( 2,982) $ ( 1,244) Forward Contracts The Corporation has forward contracts to sell mortgage-backed securities, which are accounted for as trading derivatives. Changes in their fair value are recognized in mortgage banking activities. Interest Rate Caps The Corporation enters into interest rate caps as an intermediary on behalf of its customers and simultaneously takes offsetting positions under the same terms and conditions, thus minimizing its market and credit risks. Indexed and Embedded Options The Corporation offers certain customers’ deposits whose return are tied to the performance of the Standard and Poor’s (“S&P 500”) stock market indexes, and other deposits whose returns are tied to other stock market indexes or other equity securities performance. The Corporation bifurcated the related options embedded within these customers’ deposits from the host contract in accordance with ASC Subtopic 815-15. In order to limit the Corporation’s exposure to changes in these indexes, the Corporation purchases indexed options which returns are tied to the same indexes from major broker dealer companies in the over the counter market. Accordingly, the embedded options and the related indexed options are marked-to-market through earnings.

Related party transactions

Related party transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions
Related Party Transactions	Note 27 – Related party transactions The Corporation grants loans to its directors, executive officers, including certain related individuals or organizations, and affiliates in the ordinary course of business. The activity and balance of these loans were as follows: (In thousands) Balance at December 31, 2019 $ 133,054 New loans 8,360 Payments ( 16,839) Other changes, including existing loans to new related parties 316 Balance at December 31, 2020 $ 124,891 New loans 3,182 Payments ( 28,208) Other changes, including existing loans to new related parties 2,714 Balance at December 31, 2021 $ 102,579 New loans and payments include disbursements and collections from existing lines of credit. The Corporation has had loan transactions with the Corporation’s directors, executive officers, including certain related individuals or organizations, and affiliates, and proposes to continue such transactions in the ordinary course of its business, on substantially the same terms, including interest rates and collateral, as those prevailing for comparable loan transactions with third parties. Except as discussed below, the extensions of credit have not involved and do not currently involve more than normal risks of collection or present other unfavorable features. In addition, d uring 2020, in response to the coronavirus (COVID-19) pandemic, BPPR implemented loan payment moratorium programs with respect to consumer and commercial loans which were made available to all qualifying customers to provide financial relief during the pandemic. Certain Related Parties participated in this moratorium programs under the same terms and conditions offered to other unrelated third parties. In 2010, as part of the Westernbank FDIC assisted transaction, BPPR acquired five commercial loans made to entities that were wholly owned by one brother-in-law of a director of the Corporation. The loans were secured by real estate and personally guaranteed by the director’s brother-in-law. The loans were originated by Westernbank between 2001 and 2005 and had an aggregate outstanding principal balance of approximately $ 33.5 million when they were acquired by BPPR in 2010. Between 2011 and 2014, the loans were restructured to consist of (i) five notes with an aggregate outstanding principal balance of $ 19.8 million with a 6% annual interest rate (“Notes A”) and (ii) five notes with an aggregate outstanding balance of $ 13.5 million with a 1% annual interest rate, to be paid upon maturity (“Notes B”). The restructured notes had an original maturity of September 30, 2016 and, thereafter, various interim renewals were approved to allow for the re-negotiation of a longer-term extension. The most recent of these interim renewals were approved on February, April and August 2020. These renewals, among other things, decreased the interest rate applicable to the Notes A to 4.25% and maintained the Notes B at an interest rate of 1%. During 2020, the Audit Committee also authorized two separate 90-day principal and interest moratoriums, from March to May and from June to August, as financial relief in response to the coronavirus (COVID-19) pandemic. On September 2020, in accordance with the Related Party Transaction Policy and after being approved by the Audit Committee, the maturity date of the credit facilities was extended until April 2022, fixing the interest rate at 4.25% for Notes A and at 1% for Notes B during such term. The aggregate outstanding balance on the loans as of December 31, 2021 was approximately $ 30.6 million, of which approximately $ 17.1 million corresponded to Notes A and $ 13.5 million to Notes B. In April 2010, in connection with the acquisition of the Westernbank assets from the FDIC, as receiver, BPPR acquired a term loan to a corporate borrower partially owned by an investment corporation in which the Corporation’s Chairman, at that time the Chief Executive Officer, as well as certain of his family members, are the owners. In addition, the Chairman’s sister and brother-in-law are owners of an entity that holds an ownership interest in the borrower. At the time the loan was acquired by BPPR, it had an unpaid principal balance of $ 40.2 million. In May 2017, this loan was sold by BPPR to Popular, Inc., holding company (“PIHC”). At the time of sale, the loan had an unpaid principal balance of $ 37.9 million. PIHC paid $ 37.9 million to BPPR for the loan, of which $ 6.0 million was recognized by BPPR as a capital contribution representing the difference between the fair value and the book value of the loan at the time of transfer. Immediately upon being acquired by PIHC, the loan’s maturity was extended by 90 days (under the same terms as originally contracted) to provide the PIHC additional time to evaluate a refinancing or long-term extension of the loan. In August 2017, the credit facility was refinanced with a stated maturity in February 2019. During 2017, the facility was subject to the loan payment moratorium offered as part of the hurricane relief efforts. As such, interest payments amounting to approximately $ 0.5 million were deferred and capitalized as part of the loan balance. In February 2019, the Audit Committee approved, under the Related Party Policy, a 36 -month renewal of the loan at an interest rate of 5.75% and a 30 -year amortization schedule. In December 2021, the Corporation refinanced the then-current $ 36.0 million principal balance of the loan at an interest rate of 4.50%, a maturity date of December 2026 and a 20 -year amortization schedule. As of December 31, 2021, the unpaid principal balance amounted to $ 34.8 million. In April 2010, a private trust and a sister-in-law of a director, as co-borrowers, obtained a $ 0.2 million mortgage loan from Popular Mortgage, then a subsidiary of BPPR, secured by a residential property. The loan was a fully amortizing 40 -year mortgage loan with a fixed annual rate of 2.99% for the first 5 years, and thereafter an annual rate of 5.875%. From March to August 2020, the borrowers participated in the COVID-19 forbearance program offered by BPPR to qualifying mortgage customers in response to the coronavirus (COVID-19) pandemic. After the expiration of such moratorium period, borrowers did not make any payments under the loan during the months of September and October 2020, thereby defaulting on the indebtedness. On November 2020, the borrowers requested and were granted, an additional 3-month loan payment moratorium pursuant to BPPR’s ordinary course loss mitigation program, which expired in January 2021. Since the expiration of this 3-month loan payment forbearance the borrowers have failed to make the monthly loan payments when due. The outstanding balance of the loan as of December 31, 2021 was approximately $ 0.2 million. BPPR is currently evaluating borrowers’ application in connection with this loan under BPPR’s loss mitigation program. At December 31, 2021, the Corporation’s banking subsidiaries held deposits from related parties, excluding EVERTEC, Inc. (“EVERTEC”) amounting to approximately $ 700 million (2020 - $ 851 million). From time to time, the Corporation, in the ordinary course of business, obtains services from related parties that have some association with the Corporation. Management believes the terms of such arrangements are consistent with arrangements entered into with independent third parties. For the year ended December 31, 2021, the Corporation made contributions of approximately $ 4.5 million to Fundación Banco Popular and Popular Bank Foundation, which are not-for-profit corporations dedicated to philanthropic work (2020 - $ 1.6 million). The Corporation also provided human and operational resources to support the activities of the Fundación Banco Popular which in 2021 amounted to approximately $ 1.3 million (2020- $ 1.4 million). Related party transactions with EVERTEC, as an affiliate The Corporation has an investment in EVERTEC, Inc. (“EVERTEC”), which provides various processing and information technology services to the Corporation and its subsidiaries and gives BPPR access to the ATH network owned and operated by EVERTEC. As of December 31, 2021, the Corporation’s stake in EVERTEC was 16.19%. The Corporation continues to have significant influence over EVERTEC. Accordingly, the investment in EVERTEC is accounted for under the equity method and is evaluated for impairment if events or circumstances indicate that a decrease in value of the investment has occurred that is other than temporary. The Corporation recorded $ 2.3 million in dividend distributions during the year ended December 31, 2021 from its investments in EVERTEC’s holding company (December 31, 2020 - $ 2.3 million). The Corporation’s equity in EVERTEC is presented in the table which follows and is included as part of “other assets” in the consolidated statement of financial condition. (In thousands) December 31, 2021 December 31, 2020 Equity investment in EVERTEC $ 110,299 $ 86,158 The Corporation had the following financial condition balances outstanding with EVERTEC at December 31, 2021 and December 31, 2020. Items that represent liabilities to the Corporation are presented with parenthesis. (In thousands) December 31, 2021 December 31, 2020 Accounts receivable (Other assets) $ 5,668 $ 5,678 Deposits ( 150,737) ( 125,361) Accounts payable (Other liabilities) ( 3,431) ( 2,395) Net total $ ( 148,500) $ ( 122,078) The Corporation’s proportionate share of income from EVERTEC is included in other operating income in the consolidated statements of operations. The following table presents the Corporation’s proportionate share of EVERTEC’s income and changes in stockholders’ equity for the years ended December 31, 2021, 2020 and 2019. Years ended December 31, (In thousands) 2021 2020 2019 Share of income from investment in EVERTEC $ 26,096 $ 16,936 $ 16,749 Share of other changes in EVERTEC's stockholders' equity 53 865 516 Share of EVERTEC's changes in equity recognized in income $ 26,149 $ 17,801 $ 17,265 The following tables present the impact of transactions and service payments between the Corporation and EVERTEC (as an affiliate) and their impact on the results of operations for the years ended December 31, 2021, 2020 and 2019. Items that represent expenses to the Corporation are presented with parenthesis. Years ended December 31, (In thousands) 2021 2020 2019 Category Interest expense on deposits $ ( 388) $ ( 315) $ ( 106) Interest expense ATH and credit cards interchange income from services to EVERTEC 27,384 22,406 29,224 Other service fees Rental income charged to EVERTEC 6,593 7,305 7,418 Net occupancy Fees on services provided by EVERTEC ( 245,945) ( 223,069) ( 219,992) Professional fees Other services provided to EVERTEC 740 1,002 1,118 Other operating expenses Total $ ( 211,616) $ ( 192,671) $ ( 182,338) Centro Financiero BHD León At December 31, 2021, the Corporation had a 15.84% equity interest in Centro Financiero BHD León, S.A. (“BHD León”), one of the largest banking and financial services groups in the Dominican Republic. During the year ended December 31, 2021, the Corporation recorded $ 27.7 million in earnings from its investment in BHD León (December 31, 2020 - $ 27.0 million), which had a carrying amount of $ 180.3 million at December 31, 2021 (December 31, 2020 - $ 153.1 million). The Corporation received $ 4.3 million in dividends distributions during the year ended December 31, 2021, from its investment in BHD León (December 31, 2020 - $ 13.2 million). Investment Companies The Corporation, through its subsidiary Popular Asset Management LLC (“PAM”), provides advisory services to several investment companies registered under the Investment Company Act of 1940 in exchange for a fee. The Corporation, through its subsidiary BPPR, also provides administrative, custody and transfer agency services to these investment companies. These fees are calculated at an annual rate of the average net assets of the investment company, as defined in each agreement. Due to its advisory role, the Corporation considers these investment companies as related parties. For the year ended December 31, 2021 administrative fees charged to these investment companies amounted to $ 4.1 million (December 31, 2020 - $ 6.3 million) and waived fees amounted to $ 1.5 million (December 31, 2020 - $ 2.8 million), for a net fee of $ 2.6 million (December 31, 2020 - $ 3.5 million). The Corporation, through its subsidiary BPPR, had also entered into certain uncommitted credit facilities with those investment companies. The available lines of credit facilities amounted to $ 275 million at December 31, 2020. The aggregate sum of all outstanding balances under all credit facilities that could be made available by BPPR, from time to time, to those investment companies for which PAM acted as investment advisor or co-investment advisor, could have never exceed the lesser of $200 million or 10% of BPPR’s capital.

Fair value measurement

Fair value measurement	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures
Fair Value Measurement	Note 28 – Fair value measurement ASC Subtopic 820-10 “Fair Value Measurements and Disclosures” establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels in order to increase consistency and comparability in fair value measurements and disclosures. The hierarchy is broken down into three levels based on the reliability of inputs as follows:  Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Corporation has the ability to access at the measurement date. Valuation on these instruments does not necessitate a significant degree of judgment since valuations are based on quoted prices that are readily available in an active market.  Level 2 - Quoted prices other than those included in Level 1 that are observable either directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or that can be corroborated by observable market data for substantially the full term of the financial instrument.  Level 3 - Inputs are unobservable and significant to the fair value measurement. Unobservable inputs reflect the Corporation’s own judgements about assumptions that market participants would use in pricing the asset or liability. The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the observable inputs be used when available. Fair value is based upon quoted market prices when available. If listed prices or quotes are not available, the Corporation employs internally-developed models that primarily use market-based inputs including yield curves, interest rates, volatilities, and credit curves, among others. Valuation adjustments are limited to those necessary to ensure that the financial instrument’s fair value is adequately representative of the price that would be received or paid in the marketplace. These adjustments include amounts that reflect counterparty credit quality, the Corporation’s credit standing, constraints on liquidity and unobservable parameters that are applied consistently. The estimated fair value may be subjective in nature and may involve uncertainties and matters of significant judgment for certain financial instruments. Changes in the underlying assumptions used in calculating fair value could significantly affect the results. Fair Value on a Recurring and Nonrecurring Basis The following fair value hierarchy tables present information about the Corporation’s assets and liabilities measured at fair value on a recurring basis at December 31, 2021 and 2020 : At December 31, 2021 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE MEASUREMENTS Assets Debt securities available-for-sale: U.S. Treasury securities $ - $ 15,859,030 $ - $ - $ 15,859,030 Obligations of U.S. Government sponsored entities - 70 - - 70 Collateralized mortgage obligations - federal agencies - 221,265 - - 221,265 Mortgage-backed securities - 8,886,950 826 - 8,887,776 Other - 128 - - 128 Total debt securities available-for-sale $ - $ 24,967,443 $ 826 $ - $ 24,968,269 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 6,530 $ - $ - $ - $ 6,530 Obligations of Puerto Rico, States and political subdivisions - 85 - - 85 Collateralized mortgage obligations - 59 198 - 257 Mortgage-backed securities - 22,559 - - 22,559 Other - - 280 - 280 Total trading account debt securities, excluding derivatives $ 6,530 $ 22,703 $ 478 $ - $ 29,711 Equity securities $ - $ 32,429 $ - $ 77 $ 32,506 Mortgage servicing rights - - 121,570 - 121,570 Derivatives - 26,093 - - 26,093 Total assets measured at fair value on a recurring basis $ 6,530 $ 25,048,668 $ 122,874 $ 77 $ 25,178,149 Liabilities Derivatives $ - $ ( 22,878) $ - $ - $ ( 22,878) Contingent consideration - - ( 9,241) - ( 9,241) Total liabilities measured at fair value on a recurring basis $ - $ ( 22,878) $ ( 9,241) $ - $ ( 32,119) At December 31, 2020 (In thousands) Level 1 Level 2 Level 3 Total RECURRING FAIR VALUE MEASUREMENTS Assets Debt securities available-for-sale: U.S. Treasury securities $ 3,499,781 $ 7,288,259 $ - $ 10,788,040 Obligations of U.S. Government sponsored entities - 60,184 - 60,184 Collateralized mortgage obligations - federal agencies - 392,132 - 392,132 Mortgage-backed securities - 10,319,547 1,014 10,320,561 Other - 235 - 235 Total debt securities available-for-sale $ 3,499,781 $ 18,060,357 $ 1,014 $ 21,561,152 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 11,506 $ - $ - $ 11,506 Obligations of Puerto Rico, States and political subdivisions - 103 - 103 Collateralized mortgage obligations - 68 278 346 Mortgage-backed securities - 24,338 - 24,338 Other - - 381 381 Total trading account debt securities, excluding derivatives $ 11,506 $ 24,509 $ 659 $ 36,674 Equity securities $ - $ 29,590 $ - $ 29,590 Mortgage servicing rights - - 118,395 118,395 Derivatives - 20,785 - 20,785 Total assets measured at fair value on a recurring basis $ 3,511,287 $ 18,135,241 $ 120,068 $ 21,766,596 Liabilities Derivatives $ - $ ( 18,925) $ - $ ( 18,925) Total liabilities measured at fair value on a recurring basis $ - $ ( 18,925) $ - $ ( 18,925) The fair value information included in the following tables is not as of period end, but as of the date that the fair value measurement was recorded during the years ended December 31, 2021, 2020 and 2019 and excludes nonrecurring fair value measurements of assets no longer outstanding as of the reporting date. Year ended December 31, 2021 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 21,167 $ 21,167 $ ( 3,721) Other real estate owned [2] - - 7,727 7,727 ( 1,579) Other foreclosed assets [2] - - 68 68 ( 33) Long-lived assets held-for-sale [3] - - 9,007 9,007 ( 5,320) Trademark [4] - - 156 156 ( 5,404) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 38,125 $ 38,125 $ ( 16,057) [1] Relates mostly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations. Costs to sell are excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and other collateral owned that were written down to their fair value. Costs to sell are excluded from the reported fair value amount. [3] Represents the fair value of long-lived assets held-for-sale that were written down to their fair value. [4] Represents the fair value of a trademark due to a write-down on impairment. Year ended December 31, 2020 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 74,511 $ 74,511 $ ( 15,290) Loans held-for-sale [2] - - 2,738 2,738 ( 1,311) Other real estate owned [3] - - 20,123 20,123 ( 3,325) Other foreclosed assets [3] - - 116 116 ( 148) ROU assets [4] - - 446 446 ( 15,920) Leasehold improvements [4] - - 126 126 ( 2,084) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 98,060 $ 98,060 $ ( 38,078) [1] Relates mostly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations. Costs to sell are excluded from the reported fair value amount. [2] Relates to a quarterly valuation on loans held-for-sale. Costs to sell are excluded from the reported fair value amount. [3] Represents the fair value of foreclosed real estate and other collateral owned that were written down to their fair value. Costs to sell are excluded from the reported fair value amount. [4] The impairment was measured based on the sublease rental value of the branches that were subject to the strategic realignment of PB's New Metro Branch network. Year ended December 31, 2019 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 35,363 $ 35,363 $ ( 13,533) Other real estate owned [2] - - 18,132 18,132 ( 3,526) Other foreclosed assets [2] - - 1,213 1,213 ( 156) Long-lived assets held-for-sale [3] - - 2,500 2,500 ( 2,591) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 57,208 $ 57,208 $ ( 19,806) [1] Relates mostly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations. Costs to sell are excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and other collateral owned that were written down to their fair value. Costs to sell are excluded from the reported fair value amount. [3] Represents the fair value of long-lived assets held-for-sale that were written down to their fair value. The following tables present the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the years ended December 31, 2021, 2020, and 2019 . Year ended December 31, 2021 MBS Other classified CMOs securities as debt classified classified securities as trading as trading Mortgage available- account debt account debt servicing Total Contingent Total (In thousands) for-sale securities securities rights assets Consideration liabilities Balance at January 1, 2021 $ 1,014 $ 278 $ 381 $ 118,395 $ 120,068 $ - $ - Gains (losses) included in earnings - ( 1) ( 101) ( 10,216) ( 10,318) - - Gains (losses) included in OCI ( 13) - - - ( 13) - - Additions - 29 - 13,391 13,419 9,241 9,241 Settlements ( 175) ( 107) - - ( 282) - - Balance at December 31, 2021 $ 826 $ 198 $ 280 $ 121,570 $ 122,874 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at December 31, 2021 $ - $ ( 1) $ ( 45) $ 6,410 $ 6,364 $ - - Year ended December 31, 2020 MBS Other classified CMOs securities as debt classified classified securities as trading as trading Mortgage available- account debt account debt servicing Total (In thousands) for-sale securities securities rights assets Balance at January 1, 2020 $ 1,182 $ 530 $ 440 $ 150,906 $ 153,058 Gains (losses) included in earnings - ( 1) ( 59) ( 42,055) ( 42,115) Gains (losses) included in OCI ( 18) - - - ( 18) Additions - 4 - 9,544 9,548 Settlements ( 150) ( 255) - - ( 405) Balance at December 31, 2020 $ 1,014 $ 278 $ 381 $ 118,395 $ 120,068 Changes in unrealized gains (losses) included in earnings relating to assets still held at December 31, 2020 $ - $ - $ 27 $ ( 19,327) $ ( 19,300) Year ended December 31, 2019 MBS Other classified CMOs securities as debt classified MBS classified securities as trading classified as as trading Mortgage available- account debt trading account account debt servicing Total (In thousands) for-sale securities debt securities securities rights assets Balance at January 1, 2019 $ 1,233 $ 611 $ 43 $ 485 $ 169,777 $ 172,149 Gains (losses) included in earnings - ( 1) ( 1) ( 45) ( 27,516) ( 27,563) Gains (losses) included in OCI ( 1) - - - - ( 1) Additions - 71 25 - 9,143 9,239 Settlements ( 50) ( 151) ( 41) - ( 498) ( 740) Transfers out of Level 3 - - ( 26) - - ( 26) Balance at December 31, 2019 $ 1,182 $ 530 $ - $ 440 $ 150,906 $ 153,058 Changes in unrealized gains (losses) included in earnings relating to assets still held at December 31, 2019 $ - $ 1 $ - $ 20 $ ( 14,190) $ ( 14,169) During the year ended December 31, 2019, certain MBS were transferred from Level 3 to Level 2 due to a change in valuation technique from an internally prepared pricing matrix to a bond’s theoretical value. Gains and losses (realized and unrealized) included in earnings for the years ended December 31, 2021, 2020, and 2019 for Level 3 assets and liabilities included in the previous tables are reported in the consolidated statement of operations as follows: 2021 2020 2019 Total Changes in unrealized Total Changes in unrealized Total Changes in unrealized gains (losses) gains (losses) gains (losses) gains (losses) gains (losses) gains (losses) included relating to assets still included relating to assets still included relating to assets still (In thousands) in earnings held at reporting date in earnings held at reporting date in earnings held at reporting date Mortgage banking activities $ ( 10,216) $ 6,410 $ ( 42,055) $ ( 19,327) $ ( 27,516) $ ( 14,190) Trading account (loss) profit ( 102) ( 46) ( 60) 27 ( 47) 21 Total $ ( 10,318) $ 6,364 $ ( 42,115) $ ( 19,300) $ ( 27,563) $ ( 14,169) The following tables include quantitative information about significant unobservable inputs used to derive the fair value of Level 3 instruments, excluding those instruments for which the unobservable inputs were not developed by the Corporation such as prices of prior transactions and/or unadjusted third-party pricing sources at December 31, 2021 and 2020. Fair value at December 31, (In thousands) 2021 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 198 Discounted cash flow model Weighted average life 0.8 years ( 0.04 - 1.0 years) Yield 3.6% ( 3.6% - 4.1%) Prepayment speed 11.4% ( 10.1% - 17.2%) Other - trading $ 280 Discounted cash flow model Weighted average life 2.9 years Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 20,041 [2] External appraisal Haircut applied on external appraisals 5.0% Other real estate owned $ 3,631 [3] External appraisal Haircut applied on external appraisals 22.3% ( 5.0% - 35.0%) [1] Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table. [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table. Fair value at December 31, (In thousands) 2020 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 278 Discounted cash flow model Weighted average life 1.2 years ( 0.6 - 1.4 years) Yield 3.6% ( 3.6% - 4.1%) Prepayment speed 17.7% ( 13.8% - 18.3%) Other - trading $ 381 Discounted cash flow model Weighted average life 3.6 years Yield 12.0% Prepayment speed 10.8% Mortgage servicing rights $ 118,395 Discounted cash flow model Prepayment speed 6.9% ( 0.3% - 24.6%) Weighted average life 6.0 years ( 0.3 - 12.3 years) Discount rate 11.1% ( 9.5% - 14.7%) Loans held-in-portfolio $ 74,347 [2] External appraisal Haircut applied on external appraisals 20.9% ( 10.0% - 40.0%) Other real estate owned $ 14,926 [3] External appraisal Haircut applied on external appraisals 22.1% ( 5.0% - 30.0%) [1] Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table. [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table. Effective the fourth quarter 2021, the mortgage servicing rights fair value was provided by a third-party valuation specialist. Refer to Note 11 for additional information on MSRs. The significant unobservable inputs used in the fair value measurement of the Corporation’s collateralized mortgage obligations and interest-only collateralized mortgage obligation (reported as “other”), which are classified in the “trading” category, are yield, constant prepayment rate, and weighted average life. S ignificant increases (decreases) in any of those inputs in isolation would result in significantly lower (higher) fair value measurement. Generally, a change in the assumption used for the constant prepayment rate will generate a directionally opposite change in the weighted average life. For example, as the average life is reduced by a higher constant prepayment rate, a lower yield will be realized, and when there is a reduction in the constant prepayment rate, the average life of these collateralized mortgage obligations will extend, thus resulting in a higher yield. The significant unobservable inputs used in the fair value measurement of the Corporation’s mortgage servicing rights are constant prepayment rates and discount rates. Increases in interest rates may result in lower prepayments. Discount rates vary according to products and / or portfolios depending on the perceived risk. Increases in discount rates result in a lower fair value measurement Following is a description of the Corporation’s valuation methodologies used for assets and liabilities measured at fair value. The disclosure requirements exclude certain financial instruments and all non-financial instruments. Accordingly, the aggregate fair value amounts of the financial instruments disclosed do not represent management’s estimate of the underlying value of the Corporation. Trading account debt securities and debt securities available-for-sale  U.S. Treasury securities: The fair value of U.S. Treasury notes is based on yields that are interpolated from the constant maturity treasury curve. These securities are classified as Level 2. U.S. Treasury bills are classified as Level 1 given the high volume of trades and pricing based on those trades.  Obligations of U.S. Government sponsored entities: The Obligations of U.S. Government sponsored entities include U.S. agency securities, which fair value is based on an active exchange market and on quoted market prices for similar securities. The U.S. agency securities are classified as Level 2.  Obligations of Puerto Rico, States and political subdivisions: Obligations of Puerto Rico, States and political subdivisions include municipal bonds. The bonds are segregated and the like characteristics divided into specific sectors. Market inputs used in the evaluation process include all or some of the following: trades, bid price or spread, two sided markets, quotes, benchmark curves including but not limited to Treasury benchmarks, LIBOR and swap curves, market data feeds such as those obtained from municipal market sources, discount and capital rates, and trustee reports. The municipal bonds are classified as Level 2.  Mortgage-backed securities: Certain agency mortgage-backed securities (“MBS”) are priced based on a bond’s theoretical value derived from similar bonds defined by credit quality and market sector. Their fair value incorporates an option adjusted spread. The agency MBS are classified as Level 2. Other agency MBS such as GNMA Puerto Rico Serials are priced using an internally-prepared pricing matrix with quoted prices from local brokers dealers. These particular MBS are classified as Level 3.  Collateralized mortgage obligations: Agency collateralized mortgage obligations (“CMOs”) are priced based on a bond’s theoretical value derived from similar bonds defined by credit quality and market sector and for which fair value incorporates an option adjusted spread. The option adjusted spread model includes prepayment and volatility assumptions, ratings (whole loans collateral) and spread adjustments. These CMOs are classified as Level 2. Other CMOs, due to their limited liquidity, are classified as Level 3 due to the insufficiency of inputs such as executed trades, credit information and cash flows.  Corporate securities (included as “other” in the “available-for-sale” category): Given that the quoted prices are for similar instruments, these securities are classified as Level 2.  Corporate securities and interest-only strips (included as “other” in the “trading account debt securities” category): For corporate securities, quoted prices for these security types are obtained from broker dealers. Given that the quoted prices are for similar instruments or do not trade in highly liquid markets, these securities are classified as Level 2. Given that the fair value was estimated based on a discounted cash flow model using unobservable inputs, interest-only strips are classified as Level 3. Equity securities Equity securities are comprised principally of shares in closed-ended and open-ended mutual funds and other equity securities. Closed-end funds are traded on the secondary market at the shares’ market value. Open-ended funds are considered to be liquid, as investors can sell their shares continually to the fund and are priced at NAV. Mutual funds are classified as Level 2. Other equity securities that do not trade in highly liquid markets are also classified as Level 2, except for one equity security that do not have readily determinable fair value and is under an investment company is measured at NAV. Mortgage servicing rights Mortgage servicing rights (“MSRs”) do not trade in an active market with readily observable prices. MSRs are priced using a discounted cash flow model valuation performed by a third party. The discounted cash flow model incorporates assumptions that market participants would use in estimating future net servicing income, including portfolio characteristics, prepayments assumptions, discount rates, delinquency and foreclosure rates, late charges, other ancillary revenues, cost to service and other economic factors. Prepayment speeds are adjusted for the loans’ characteristics and portfolio behavior. Due to the unobservable nature of certain valuation inputs, the MSRs are classified as Level 3. Derivatives Interest rate caps and indexed options are traded in over-the-counter active markets. These derivatives are indexed to an observable interest rate benchmark, such as LIBOR or equity indexes, and are priced using an income approach based on present value and option pricing models using observable inputs. Other derivatives are liquid and have quoted prices, such as forward contracts or “to be announced securities” (“TBAs”). All of these derivatives are classified as Level 2. The non-performance risk is determined using internally-developed models that consider the collateral held, the remaining term, and the creditworthiness of the entity that bears the risk, and uses available public data or internally-developed data related to current spreads that denote their probability of default. Contingent consideration liability The fair value of the contingent consideration, which relates to earnout payments that could be payable to K2 over a three-year period, was calculated based on a discounted cash flow technique using the probability-weighted average from likely scenarios. This contingent consideration is classified as Level 3. Loans held-in-portfolio that are collateral dependent The impairment is measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations and which could be subject to internal adjustments. These collateral dependent loans are classified as Level 3. Loans measured at fair value pursuant to lower of cost or fair value adjustments Loans measured at fair value on a nonrecurring basis pursuant to lower of cost or fair value were priced based on secondary market prices and discounted cash flow models which incorporate internally-developed assumptions for prepayments and credit loss estimates. These loans are classified as Level 3. Other real estate owned and other foreclosed assets Other real estate owned includes real estate properties securing mortgage, consumer, and commercial loans. Other foreclosed assets include primarily automobiles securing auto loans. The fair value of foreclosed assets may be determined using an external appraisal, broker price opinion, or an internal valuation. These foreclosed assets are classified as Level 3 since they are subject to internal adjustments. ROU assets and leasehold improvements The impairment was measured based on the sublease rental value of the branches that were subject to the strategic realignment of PB’s New York Metro Branch network. These ROU assets and leasehold improvements are classified as Level 3. Long-lived assets held-for-sale The Corporation evaluates for impairment its long-lived assets, whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable and records a write down for the difference between the carrying amount and the fair value less cost to sell. These long-lived assets held-for-sale are classified as Level 3. Trademark The write-down on impairment of a trademark was based on the discontinuance of origination thru e-loan platform. This trademark is classified as Level 3.

Fair value of financial instrum

Fair value of financial instruments	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures
Fair Value of Financial Instruments	Note 29 – Fair value of financial instruments The fair value of financial instruments is the amount at which an asset or obligation could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale. For those financial instruments with no quoted market prices available, fair values have been estimated using present value calculations or other valuation techniques, as well as management’s best judgment with respect to current economic conditions, including discount rates, estimates of future cash flows, and prepayment assumptions. Many of these estimates involve various assumptions and may vary significantly from amounts that could be realized in actual transactions. The fair values reflected herein have been determined based on the prevailing rate environment at December 31, 2021 and December 31, 2020, as applicable. In different interest rate environments, fair value estimates can differ significantly, especially for certain fixed rate financial instruments. In addition, the fair values presented do not attempt to estimate the value of the Corporation’s fee generating businesses and anticipated future business activities, that is, they do not represent the Corporation’s value as a going concern. There have been no changes in the Corporation’s valuation methodologies and inputs used to estimate the fair values for each class of financial assets and liabilities not measured at fair value. The following tables present the carrying amount and estimated fair values of financial instruments with their corresponding level in the fair value hierarchy. The aggregate fair value amounts of the financial instruments disclosed do not represent management’s estimate of the underlying value of the Corporation. December 31, 2021 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 428,433 $ 428,433 $ - $ - $ - $ 428,433 Money market investments 17,536,719 17,530,640 6,079 - - 17,536,719 Trading account debt securities, excluding derivatives [1] 29,711 6,530 22,703 478 - 29,711 Debt securities available-for-sale [1] 24,968,269 - 24,967,443 826 - 24,968,269 Debt securities held-to-maturity: Obligations of Puerto Rico, States and political subdivisions $ 65,380 $ - $ - $ 77,383 $ - $ 77,383 Collateralized mortgage obligation-federal agency 25 - - 25 - 25 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities held-to-maturity $ 71,365 $ - $ 5,960 $ 77,408 $ - $ 83,368 Equity securities: FHLB stock $ 59,918 $ - $ 59,918 $ - $ - $ 59,918 FRB stock 96,217 - 96,217 - - 96,217 Other investments 33,842 - 32,429 3,704 77 36,210 Total equity securities $ 189,977 $ - $ 188,564 $ 3,704 $ 77 $ 192,345 Loans held-for-sale $ 59,168 $ - $ - $ 59,885 $ - $ 59,885 Loans held-in-portfolio 28,545,191 - - 27,489,583 - 27,489,583 Mortgage servicing rights 121,570 - - 121,570 - 121,570 Derivatives 26,093 - 26,093 - - 26,093 December 31, 2021 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 60,292,939 $ - $ 60,292,939 $ - $ - $ 60,292,939 Time deposits 6,712,149 - 6,647,301 - - 6,647,301 Total deposits $ 67,005,088 $ - $ 66,940,240 $ - $ - $ 66,940,240 Assets sold under agreements to repurchase $ 91,603 $ - $ 91,602 $ - $ - $ 91,602 Other short-term borrowings [2] $ 75,000 $ - $ 75,000 $ - $ - $ 75,000 Notes payable: FHLB advances $ 492,429 $ - $ 496,091 $ - $ - $ 496,091 Unsecured senior debt securities 297,842 - 319,296 - - 319,296 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,292 - 201,879 - - 201,879 Total notes payable $ 988,563 $ - $ 1,017,266 $ - $ - $ 1,017,266 Derivatives $ 22,878 $ - $ 22,878 $ - $ - $ 22,878 Contingent consideration $ 9,241 $ - $ - $ 9,241 $ - $ 9,241 [1] Refer to Note 28 to the Consolidated Financial Statements for the fair value by class of financial asset and its hierarchy level. [2] Refer to Note 17 to the Consolidated Financial Statements for the composition of other short-term borrowings. December 31, 2020 Carrying (In thousands) amount Level 1 Level 2 Level 3 Fair value Financial Assets: Cash and due from banks $ 491,065 $ 491,065 $ - $ - $ 491,065 Money market investments 11,640,880 11,634,851 6,029 - 11,640,880 Trading account debt securities, excluding derivatives [1] 36,674 11,506 24,509 659 36,674 Debt securities available-for-sale [1] 21,561,152 3,499,781 18,060,357 1,014 21,561,152 Debt securities held-to-maturity: Obligations of Puerto Rico, States and political subdivisions $ 70,768 $ - $ - $ 83,298 $ 83,298 Collateralized mortgage obligation-federal agency 31 - - 32 32 Securities in wholly owned statutory business trusts 11,561 - 11,561 - 11,561 Total debt securities held-to-maturity $ 82,360 $ - $ 11,561 $ 83,330 $ 94,891 Equity securities: FHLB stock $ 49,799 $ - $ 49,799 $ - $ 49,799 FRB stock 93,045 - 93,045 - 93,045 Other investments 30,893 - 29,590 1,495 31,085 Total equity securities $ 173,737 $ - $ 172,434 $ 1,495 $ 173,929 Loans held-for-sale $ 99,455 $ - $ - $ 102,189 $ 102,189 Loans held-in-portfolio 28,488,946 - - 27,098,297 27,098,297 Mortgage servicing rights 118,395 - - 118,395 118,395 Derivatives 20,785 - 20,785 - 20,785 December 31, 2020 Carrying (In thousands) amount Level 1 Level 2 Level 3 Fair value Financial Liabilities: Deposits: Demand deposits $ 49,558,492 $ - $ 49,558,492 $ - $ 49,558,492 Time deposits 7,307,848 - 7,319,963 - 7,319,963 Total deposits $ 56,866,340 $ - $ 56,878,455 $ - $ 56,878,455 Assets sold under agreements to repurchase $ 121,303 $ - $ 121,257 $ - $ 121,257 Notes payable: FHLB advances $ 542,469 $ - $ 561,977 $ - $ 561,977 Unsecured senior debt securities 296,574 - 321,078 - 321,078 Junior subordinated deferrable interest debentures (related to trust preferred securities) 384,929 - 395,078 - 395,078 FRB advances 1,009 - 1,009 - 1,009 Total notes payable $ 1,224,981 $ - $ 1,279,142 $ - $ 1,279,142 Derivatives $ 18,925 $ - $ 18,925 $ - $ 18,925 [1] Refer to Note 28 to the Consolidated Financial Statements for the fair value by class of financial asset and its hierarchy level. The notional amount of commitments to extend credit at December 31, 2021 and December 31, 2020 is $ 9.5 billion and $ 9.3 billion, respectively, and represents the unused portion of credit facilities granted to customers. The notional amount of letters of credit at December 31, 2021 and December 31, 2020 is $ 31 million and $ 24 million respectively, and represents the contractual amount that is required to be paid in the event of nonperformance. The fair value of commitments to extend credit and letters of credit, which are based on the fees charged to enter into those agreements, are not material to Popular’s financial statements.

Employee benefits

Employee benefits	12 Months Ended
	Dec. 31, 2021
Employee benefits
Pension and postretirement benefits	Note 30 – Employee benefits Certain employees of BPPR are covered by three non-contributory defined benefit pension plans, the Banco Popular de Puerto Rico Retirement Plan and two Restoration Plans (the “Pension Plans”). Pension benefits are based on age, years of credited service, and final average compensation. The Pension Plans are currently closed to new hires and the accrual of benefits are frozen to all participants. The Pension Plans’ benefit formula is based on a percentage of average final compensation and years of service as of the plan freeze date. Normal retirement age under the retirement plan is age 65 with 5 years of service. Pension costs are funded in accordance with minimum funding standards under the Employee Retirement Income Security Act of 1974 (“ERISA”). Benefits under the Pension Plans are subject to the U.S. and Puerto Rico Internal Revenue Code limits on compensation and benefits. Benefits under restoration plans restore benefits to selected employees that are limited under the Banco Popular de Puerto Rico Retirement Plan due to U.S. and Puerto Rico Internal Revenue Code limits and a compensation definition that excludes amounts deferred pursuant to nonqualified arrangements. In addition to providing pension benefits, BPPR provides certain health care benefits for certain retired employees (the “OPEB Plan”). Regular employees of BPPR, hired before February 1, 2000, may become eligible for health care benefits, provided they reach retirement age while working for BPPR. The Corporation’s funding policy is to make annual contributions to the plans, when necessary, in amounts which fully provide for all benefits as they become due under the plans. The Corporation’s pension fund investment strategy is to invest in a prudent manner for the exclusive purpose of providing benefits to participants. A well defined internal structure has been established to develop and implement a risk-controlled investment strategy that is targeted to produce a total return that, when combined with BPPR contributions to the fund, will maintain the fund’s ability to meet all required benefit obligations. Risk is controlled through diversification of asset types, such as investments in domestic and international equities and fixed income. Equity investments include various types of stock and index funds. Also, this category includes Popular, Inc.’s common stock. Fixed income investments include U.S. Government securities and other U.S. agencies’ obligations, corporate bonds, mortgage loans, mortgage-backed securities and index funds, among others. A designated committee periodically reviews the performance of the pension plans’ investments and assets allocation. The Trustee and the money managers are allowed to exercise investment discretion, subject to limitations established by the pension plans’ investment policies. The plans forbid money managers to enter into derivative transactions, unless approved by the Trustee. The overall expected long-term rate-of-return-on-assets assumption reflects the average rate of earnings expected on the funds invested or to be invested to provide for the benefits included in the benefit obligation. The assumption has been determined by reflecting expectations regarding future rates of return for the plan assets, with consideration given to the distribution of the investments by asset class and historical rates of return for each individual asset class. This process is reevaluated at least on an annual basis and if market, actuarial and economic conditions change, adjustments to the rate of return may come into place. The Pension Plans weighted average asset allocation as of December 31, 2021 and 2020 and the approved asset allocation ranges, by asset category, are summarized in the table below. Minimum allotment Maximum allotment 2021 2020 Equity 0 % 70 % 30 % 38 % Debt securities 0 % 100 % 67 % 60 % Popular related securities 0 % 5 % 2 % 1 % Cash and cash equivalents 0 % 100 % 1 % 1 % The following table sets forth by level, within the fair value hierarchy, the Pension Plans’ assets at fair value at December 31, 2021 and 2020. Investments measured at net asset value per share (“NAV”) as a practical expedient have not been classified in the fair value hierarchy, but are presented in order to permit reconciliation of the plans’ assets. During the year ended December 31, 2021 investments in certain government obligations classified as Level 2 were substituted by proprietary funds of a money manager that invest in government obligations that are measured at NAV. 2021 2020 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total Level 1 Level 2 Level 3 Measured at NAV Total Obligations of the U.S. Government, its agencies, states and political subdivisions $ - $ 9,259 $ - $ 188,377 $ 197,636 $ - $ 187,065 $ - $ 7,377 $ 194,442 Corporate bonds and debentures - 375,875 - 8,485 384,360 - 326,344 - 8,180 334,524 Equity securities - Common Stocks 41,414 - - - 41,414 101,081 - - - 101,081 Equity securities - ETF's 111,365 25,446 - - 136,811 94,009 38,229 - - 132,238 Foreign commingled trust funds - - - 82,912 82,912 - - - 98,431 98,431 Mutual fund - 5,262 - - 5,262 - 4,526 - - 4,526 Private equity investments - - 56 - 56 - - 70 - 70 Cash and cash equivalents 7,523 - - - 7,523 9,626 - - - 9,626 Accrued investment income - - 4,510 - 4,510 - - 3,847 - 3,847 Total assets $ 160,302 $ 415,842 $ 4,566 $ 279,774 $ 860,484 $ 204,716 $ 556,164 $ 3,917 $ 113,988 $ 878,785 The closing prices reported in the active markets in which the securities are traded are used to value the investments. Following is a description of the valuation methodologies used for investments measured at fair value:  Obligations of U.S. Government, its agencies, states and political subdivisions - The fair value of Obligations of U.S. Government and its agencies obligations are based on an active exchange market and on quoted market prices for similar securities. U.S. agency structured notes are priced based on a bond’s theoretical value from similar bonds defined by credit quality and market sector and for which the fair value incorporates an option adjusted spread in deriving their fair value. The fair value of municipal bonds are based on trade data on these instruments reported on Municipal Securities Rulemaking Board (“MSRB”) transaction reporting system or comparable bonds from the same issuer and credit quality. These securities are classified as Level 2, except for the governmental index funds that are measured at NAV.  Corporate bonds and debentures - Corporate bonds and debentures are valued at fair value at the closing price reported in the active market in which the bond is traded. These securities are classified as Level 2, except for the c orporate bond funds that are measured at NAV.  Equity securities – common stocks - Equity securities with quoted market prices obtained from an active exchange market and high liquidity are classified as Level 1.  Equity securities – ETF’s – Exchange Traded Funds shares with quoted market prices obtained from an active exchange market. Highly liquid ETF’s are classified as Level 1 while less liquid ETF’s are classified as Level 2.  Foreign commingled trust fund- Collective investment funds are valued at the NAV of shares held by the plan at year end.  Mutual funds – Mutual funds are valued at the NAV of shares held by the plan at year end. Mutual funds are classified as Level 2.  Mortgage-backed securities – The fair value is based on trade data from brokers and exchange platforms where these instruments regularly trade. Certain agency mortgage and other asset backed securities (“MBS”) are priced based on a bond’s theoretical value from similar bonds defined by credit quality and market sector. Their fair value incorporates an option adjusted spread and prepayment projections. The agency MBS are classified as Level 2.  Private equity investments - Private equity investments include an investment in a private equity fund. The fund value is recorded at its net realizable value which is affected by the changes in the fair market value of the investments held in the fund. This fund is classified as Level 3.  Cash and cash equivalents - The carrying amount of cash and cash equivalents is a reasonable estimate of the fair value since it is available on demand or due to their short-term maturity. Cash and cash equivalents are classified as Level 1.  Accrued investment income – Given the short-term nature of these assets, their carrying amount approximates fair value. Since there is a lack of observable inputs related to instrument specific attributes, these are reported as Level 3. The preceding valuation methods may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, although the plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date. The following table presents the change in Level 3 assets measured at fair value. (In thousands) 2021 2020 Balance at beginning of year $ 3,917 $ 4,670 Purchases, sales, issuance and settlements (net) 649 ( 753) Balance at end of year $ 4,566 $ 3,917 There were transfers in and/or out of Level 3 for financial instruments measured at fair value on a recurring basis during the years ended December 31, 2021 and 2020. There were transfers in and/or out of Level 1 and Level 2 during the years ended December 31, 2021 and 2020. Information on the shares of common stock held by the pension plans is provided in the table that follows. (In thousands, except number of shares information) 2021 2020 Shares of Popular, Inc. common stock 167,182 162,936 Fair value of shares of Popular, Inc. common stock $ 13,716 $ 9,177 Dividends paid on shares of Popular, Inc. common stock held by the plan $ 280 $ 238 The following table presents the components of net periodic benefit cost for the years ended December 31, 2021, 2020 and 2019. Pension Plans OPEB Plan (In thousands) 2021 2020 2019 2021 2020 2019 Personnel costs: Service cost $ - $ - $ - $ 642 $ 713 $ 759 Other operating expenses: Interest cost 15,993 23,389 28,439 3,573 4,913 5,955 Expected return on plan assets ( 38,679) ( 38,104) ( 32,388) - - - Recognized net actuarial loss 18,876 20,880 23,508 1,873 567 - Net periodic benefit cost $ ( 3,810) $ 6,165 $ 19,559 $ 6,088 $ 6,193 $ 6,714 Total benefit cost $ ( 3,810) $ 6,165 $ 19,559 $ 6,088 $ 6,193 $ 6,714 The following table sets forth the aggregate status of the plans and the amounts recognized in the consolidated financial statements at December 31, 2021 and 2020. Pension Plans OPEB Plan (In thousands) 2021 2020 2021 2020 Change in benefit obligation: Benefit obligation at beginning of year $ 914,353 $ 852,551 $ 179,210 $ 168,681 Service cost - - 642 713 Interest cost 15,993 23,389 3,573 4,913 Actuarial (gain)/loss [1] ( 34,297) 83,277 ( 17,286) 11,247 Benefits paid ( 44,578) ( 44,864) ( 6,181) ( 6,344) Benefit obligation at end of year $ 851,471 $ 914,353 $ 159,958 $ 179,210 Change in fair value of plan assets: Fair value of plan assets at beginning of year $ 878,785 $ 799,935 $ - $ - Actual return on plan assets 26,049 123,484 - - Employer contributions 228 230 6,181 6,344 Benefits paid ( 44,578) ( 44,864) ( 6,181) ( 6,344) Fair value of plan assets at end of year $ 860,484 $ 878,785 $ - $ - Funded status of the plan: Benefit obligation at end of year $ ( 851,471) $ ( 914,353) $ ( 159,958) $ ( 179,210) Fair value of plan assets at end of year 860,484 878,785 - - Funded status at year end $ 9,013 $ ( 35,568) $ ( 159,958) $ ( 179,210) Amounts recognized in accumulated other comprehensive loss: Net loss 225,356 265,899 12,993 32,152 Accumulated other comprehensive loss (AOCL) $ 225,356 $ 265,899 $ 12,993 $ 32,152 Reconciliation of net (liabilities) assets: Net liabilities at beginning of year $ ( 35,568) $ ( 52,616) $ ( 179,210) $ ( 168,681) Amount recognized in AOCL at beginning of year, pre-tax 265,899 288,882 32,152 21,472 Amount prepaid at beginning of year 230,331 236,266 ( 147,058) ( 147,209) Net periodic benefit cost 3,810 ( 6,165) ( 6,088) ( 6,193) Contributions 228 230 6,181 6,344 Amount prepaid at end of year 234,369 230,331 ( 146,965) ( 147,058) Amount recognized in AOCL ( 225,356) ( 265,899) ( 12,993) ( 32,152) Net asset/(liabilities) at end of year $ 9,013 $ ( 35,568) $ ( 159,958) $ ( 179,210) [1] For 2021, significant components of the Pension Plans actuarial gain that changed the benefit obligation were mainly related to an increase in the single weighted-average discount rates partially offset by a lower return on the fair value of plan assets. For OPEB Plans significant components of the actuarial gain that change the benefit obligation were mainly related to an increase in discount rates and the per capita claim assumption at year-end which was lower than expected. The per capita claim methodology for the fully insured Medicare Advantage plans changed from age-based per capita cost to cost that do not vary by age. For 2020, significant components of the Pension Plans actuarial loss that changed the benefit obligation were mainly related to a decrease in discount rates partially offset by a greater return on the fair value of plan assets. For OPEB Plans significant components of the actuarial loss that change the benefit obligation were mainly related to a decrease in discount rates partially offset by the per capita claim assumption at year-end which was lower than expected and the healthcare trend rate assumption which was updated at year-end. The following table presents the change in accumulated other comprehensive loss (“AOCL”), pre-tax, for the years ended December 31, 2021 and 2020. (In thousands) Pension Plans OPEB Plan 2021 2020 2021 2020 Accumulated other comprehensive loss at beginning of year $ 265,899 $ 288,882 $ 32,152 $ 21,472 Increase (decrease) in AOCL: Recognized during the year: Amortization of actuarial losses ( 18,876) ( 20,880) ( 1,873) ( 567) Occurring during the year: Net actuarial (gains)/losses ( 21,667) ( 2,103) ( 17,286) 11,247 Total (decrease) increase in AOCL ( 40,543) ( 22,983) ( 19,159) 10,680 Accumulated other comprehensive loss at end of year $ 225,356 $ 265,899 $ 12,993 $ 32,152 The Corporation estimates the service and interest cost components utilizing a full yield curve approach in the estimation of these components by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to their underlying projected cash flows. To determine benefit obligation at year end, the Corporation used a weighted average of annual spot rates applied to future expected cash flows for years ended December 31, 2021 and 2020 . The following table presents the discount rate and assumed health care cost trend rates used to determine the benefit obligation and net periodic benefit cost for the plans: Pension Plans OPEB Plan Weighted average assumptions used to determine net periodic benefit cost for the years ended December 31: 2021 2020 2019 2021 2020 2019 Discount rate for benefit obligation 2.41 - 2.48 % 3.22 - 3.27 % 4.20 - 4.23 % 2.65 % 3.38 % 4.30 % Discount rate for service cost N/A N/A N/A 3.09 % 3.72 % 4.49 % Discount rate for interest cost 1.76 - 1.80 % 2.81 - 2.83 % 3.87 - 3.90 % 2.03 % 2.98 % 3.99 % Expected return on plan assets 4.60 - 5.50 % 5.00 - 5.80 % 5.30 - 6.00 % N/A N/A N/A Initial health care cost trend rate N/A N/A N/A 5.00 % 5.00 % 5.00 % Ultimate health care cost trend rate N/A N/A N/A 4.50 % 5.00 % 5.00 % Year that the ultimate trend rate is reached N/A N/A N/A 2023 2020 2019 Pension Plans OPEB Plan Weighted average assumptions used to determine benefit obligation at December 31: 2021 2020 2021 2020 Discount rate for benefit obligation 2.79- 2.83 % 2.41- 2.48 % 2.94 % 2.65 % Initial health care cost trend rate N/A N/A 4.75 % 5.00 % Ultimate health care cost trend rate N/A N/A 4.50 % 4.50 % Year that the ultimate trend rate is reached N/A N/A 2023 2023 The following table presents information for plans with a projected benefit obligation and accumulated benefit obligation in excess of plan assets for the years ended December 31, 2021 and 2020. Pension Plans OPEB Plan (In thousands) 2021 2020 2021 2020 Projected benefit obligation $ 851,471 $ 914,353 $ 159,958 $ 179,210 Accumulated benefit obligation 851,471 914,353 159,958 179,210 Fair value of plan assets 860,484 878,785 - - The Corporation expects to pay the following contributions to the plans during the year ended December 31, 2022. (In thousands) 2022 Pension Plans $ 227 OPEB Plan $ 5,971 Benefit payments projected to be made from the plans during the next ten years are presented in the table below. (In thousands) Pension Plans OPEB Plan 2022 $ 48,339 $ 5,971 2023 45,409 6,117 2024 45,598 6,293 2025 45,742 6,458 2026 45,824 6,667 2027 - 2031 226,642 35,807 The table below presents a breakdown of the plans’ assets and liabilities at December 31, 2021 and 2020. Pension Plans OPEB Plan (In thousands) 2021 2020 2021 2020 Non-current assets $ 17,792 $ - $ - $ - Current liabilities 227 229 5,959 6,328 Non-current liabilities 8,552 35,339 153,999 172,882 Savings plans The Corporation also provides defined contribution savings plans pursuant to Section 1081.01(d) of the Puerto Rico Internal Revenue Code and Section 401(k) of the U.S. Internal Revenue Code, as applicable, for substantially all the employees of the Corporation. Investments in the plans are participant-directed, and employer matching contributions are determined based on the specific provisions of each plan. Employees are fully vested in the employer’s contribution after five years of service. The cost of providing these benefits in the year ended December 31, 2021 was $ 13.3 million (2020 - $ 14.0 million, 2019 - $ 15.1 million). The plans held 1,279,982 (2020 – 1,362,593) shares of common stock of the Corporation with a market value of approximately $ 105 million at December 31, 2021 (2020 - $ 77 million).

Net income per common share

Net income per common share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share
Net Income (Loss) Per Common Share	Note 31 – Net income per common share The following table sets forth the computation of net income per common share (“EPS”), basic and diluted, for the years ended December 31, 2021, 2020 and 2019: (In thousands, except per share information) 2021 2020 2019 Net income $ 934,889 $ 506,622 $ 671,135 Preferred stock dividends ( 1,412) ( 1,758) ( 3,723) Net income applicable to common stock $ 933,477 $ 504,864 $ 667,412 Average common shares outstanding 81,263,027 85,882,371 96,848,835 Average potential dilutive common shares 157,127 92,888 148,965 Average common shares outstanding - assuming dilution 81,420,154 85,975,259 96,997,800 Basic EPS $ 11.49 $ 5.88 $ 6.89 Diluted EPS $ 11.46 $ 5.87 $ 6.88 As disclosed in Note 20, as of September 30, 2021, the Corporation completed its $ 350 million accelerated share repurchase transaction (“ASR”) and, in connection therewith, received an initial delivery of 3,785,831 shares of common stock during the second quarter of 2021 and 828,965 additional shares of common stock during the third quarter of 2021. The final number of shares delivered was based in the average daily volume weighted average price (“VWAP”) of its common stock, net of discount, during the term of the ASR, which amounted to $ 75.84. Potential common shares consist of shares of common stock issuable under the assumed exercise of stock options, restricted stock and performance share awards using the treasury stock method. This method assumes that the potential common shares are issued and the proceeds from exercise, in addition to the amount of compensation cost attributed to future services, are used to purchase shares of common stock at the exercise date. The difference between the number of potential common shares issued and the shares of common stock purchased is added as incremental shares to the actual number of shares outstanding to compute diluted earnings per share. Warrants, stock options, restricted stock and performance share awards, if any, that result in lower potential common shares issued than shares of common stock purchased under the treasury stock method are not included in the computation of dilutive earnings per share since their inclusion would have an antidilutive effect in earnings per common share.

Revenue from contract with cust

Revenue from contract with customers	12 Months Ended
	Dec. 31, 2021
Revenue From Contract With Customer Abstract
Revenue From Contract With Customer Text Block	Note 32 – Revenue from contracts with customers The following table presents the Corporation’s revenue streams from contracts with customers by reportable segment for the years ended December 31, 2021, 2020 and 2019 Years ended December 31, (In thousands) 2021 2020 2019 BPPR Popular U.S. BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 151,453 $ 11,245 $ 136,703 $ 11,120 $ 146,384 $ 14,549 Other service fees: Debit card fees 47,681 956 38,685 967 46,066 1,076 Insurance fees, excluding reinsurance 40,929 3,798 35,799 2,484 42,995 3,803 Credit card fees, excluding late fees and membership fees 117,418 1,052 88,091 831 86,884 866 Sale and administration of investment products 23,634 - 21,755 - 23,072 - Trust fees 24,855 - 21,700 - 21,198 - Total revenue from contracts with customers [1] $ 405,970 $ 17,051 $ 342,733 $ 15,402 $ 366,599 $ 20,294 [1] The amounts include intersegment transactions of $ 4.1 million, $ 4.3 million and $ 3.8 million, respectively, for the years ended December 31, 2021, 2020 and 2019. Revenue from contracts with customers is recognized when, or as, the performance obligations are satisfied by the Corporation by transferring the promised services to the customers. A service is transferred to the customer when, or as, the customer obtains control of that service. A performance obligation may be satisfied over time or at a point in time. Revenue from a performance obligation satisfied over time is recognized based on the services that have been rendered to date. Revenue from a performance obligation satisfied at a point in time is recognized when the customer obtains control over the service. The transaction price, or the amount of revenue recognized, reflects the consideration the Corporation expects to be entitled to in exchange for those promised services. In determining the transaction price, the Corporation considers the effects of variable consideration. Variable consideration is included in the transaction price only to the extent it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur. The Corporation is the principal in a transaction if it obtains control of the specified goods or services before they are transferred to the customer. If the Corporation acts as principal, revenues are presented in the gross amount of consideration to which it expects to be entitled and are not netted with any related expenses. On the other hand, the Corporation is an agent if it does not control the specified goods or services before they are transferred to the customer. If the Corporation acts as an agent, revenues are presented in the amount of consideration to which it expects to be entitled, net of related expenses. Following is a description of the nature and timing of revenue streams from contracts with customers: Service charges on deposit accounts Service charges on deposit accounts are earned on retail and commercial deposit activities and include, but are not limited to, nonsufficient fund fees, overdraft fees and checks stop payment fees. These transaction-based fees are recognized at a point in time, upon occurrence of an activity or event or upon the occurrence of a condition which triggers the fee assessment. The Corporation is acting as principal in these transactions. Debit card fees Debit card fees include, but are not limited to, interchange fees, surcharging income and foreign transaction fees. These transaction-based fees are recognized at a point in time, upon occurrence of an activity or event or upon the occurrence of a condition which triggers the fee assessment. Interchange fees are recognized upon settlement of the debit card payment transactions. The Corporation is acting as principal in these transactions. Insurance fees Insurance fees include, but are not limited to, commissions and contingent commissions. Commissions and fees are recognized when related policies are effective since the Corporation does not have an enforceable right to payment for services completed to date. An allowance is created for expected adjustments to commissions earned related to policy cancellations. Contingent commissions are recorded on an accrual basis when the amount to be received is notified by the insurance company. The Corporation is acting as an agent since it arranges for the sale of the policies and receives commissions if, and when, it achieves the sale. Credit card fees Credit card fees include, but are not limited to, interchange fees, additional card fees, cash advance fees, balance transfer fees, foreign transaction fees, and returned payments fees. Credit card fees are recognized at a point in time, upon the occurrence of an activity or an event. Interchange fees are recognized upon settlement of the credit card payment transactions. The Corporation is acting as principal in these transactions. Sale and administration of investment products Fees from the sale and administration of investment products include, but are not limited to, commission income from the sale of investment products, asset management fees, underwriting fees, and mutual fund fees. Commission income from investment products is recognized on the trade date since clearing, trade execution, and custody services are satisfied when the customer acquires or disposes of the rights to obtain the economic benefits of the investment products and brokerage contracts have no fixed duration and are terminable at will by either party. The Corporation is acting as principal in these transactions since it performs the service of providing the customer with the ability to acquire or dispose of the rights to obtain the economic benefits of investment products. Asset management fees are satisfied over time and are recognized in arrears. At contract inception, the estimate of the asset management fee is constrained from the inclusion in the transaction price since the promised consideration is dependent on the market and thus is highly susceptible to factors outside the manager’s influence. As advisor, the broker-dealer subsidiary is acting as principal. Underwriting fees are recognized at a point in time, when the investment products are sold in the open market at a markup. When the broker-dealer subsidiary is lead underwriter, it is acting as an agent. In turn, when it is a participating underwriter, it is acting as principal. Mutual fund fees, such as distribution fees, are considered variable consideration and are recognized over time, as the uncertainty of the fees to be received is resolved as NAV is determined and investor activity occurs. The promise to provide distribution-related services is considered a single performance obligation as it requires the provision of a series of distinct services that are substantially the same and have the same pattern of transfer. When the broker-dealer subsidiary is acting as a distributor, it is acting as principal. In turn, when it acts as third-party dealer, it is acting as an agent. Trust fees Trust fees are recognized from retirement plan, mutual fund administration, investment management, trustee, escrow, and custody and safekeeping services. These asset management services are considered a single performance obligation as it requires the provision of a series of distinct services that are substantially the same and have the same pattern of transfer. The performance obligation is satisfied over time, except for optional services and certain other services that are satisfied at a point in time. Revenues are recognized in arrears, when, or as, the services are rendered. The Corporation is acting as principal since, as asset manager, it has the obligation to provide the specified service to the customer and has the ultimate discretion in establishing the fee paid by the customer for the specified services.

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	Note 33 – Leases The Corporation enters in the ordinary course of business into operating and finance leases for land, buildings and equipment. These contracts generally do not include purchase options or residual value guarantees. The remaining lease terms of 0.1 to 32.0 years considers options to extend the leases for up to 20.0 years. The Corporation identifies leases when it has both the right to obtain substantially all of the economic benefits from the use of the asset and the right to direct the use of the asset. The Corporation recognizes right-of-use assets (“ROU assets”) and lease liabilities related to operating and finance leases in its Consolidated Statements of Financial Condition under the caption of other assets and other liabilities, respectively. Refer to Note 14 and Note 19, respectively, for information on the balances of these lease assets and liabilities. The Corporation uses the incremental borrowing rate for purposes of discounting lease payments for operating and finance leases, since it does not have enough information to determine the rates implicit in the leases. The discount rates are based on fixed-rate and fully amortizing borrowing facilities of its banking subsidiaries that are collateralized. For leases held by non-banking subsidiaries, a credit spread is added to this rate based on financing transactions with a similar credit risk profile. On October 27, 2020, PB, the United States mainland banking subsidiary of the Corporation, authorized and approved a strategic realignment of its New York Metro branch network that resulted in eleven branch closures, of which nine were leased properties. The branch closures were completed on January 29, 2021. An impairment loss of ROU assets amounting to $ 15.9 million was recognized in connection with this transaction during the fourth quarter of 2020. The following table presents the undiscounted cash flows of operating and finance leases for each of the following periods: December 31, 2021 (In thousands) 2022 2023 2024 2025 2026 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 30,044 $ 27,956 $ 26,550 $ 23,619 $ 15,187 $ 50,912 $ 174,268 $ ( 20,154) $ 154,114 Finance Leases 3,402 3,491 3,589 3,701 3,350 5,501 23,034 ( 3,315) 19,719 The following table presents the lease cost recognized by the Corporation in the Consolidated Statements of Operations as follows: Years ended December 31, (In thousands) 2021 2020 2019 Finance lease cost: Amortization of ROU assets $ 2,006 $ 2,215 $ 1,701 Interest on lease liabilities 1,044 1,185 1,194 Operating lease cost 29,970 31,674 30,664 Short-term lease cost 647 214 252 Variable lease cost 93 51 97 Sublease income ( 70) ( 113) ( 113) Net gain recognized from sale and leaseback transaction [1] ( 7,007) ( 5,550) - Impairment of operating ROU assets [2] - 14,805 - Impairment of finance ROU assets [2] - 1,115 - Total lease cost [3] $ 26,683 $ 45,596 $ 33,795 [1] During the quarter ended September 30, 2021, the Corporation recognized the transfer of two corporate office buildings as a sale. During the quarter ended June 30, 2020, the Corporation recognized the transfer of the Caparra Center as a sale. Since these sale and partial leaseback transactions were considered to be at fair value, no portion of the gain on sale was deferred. [2] Impairment loss recognized during the fourth quarter of 2020 in connection with the closure of nine branches as a result of the strategic realignment of PB’s New York Metro branch network. [3] Total lease cost is recognized as part of net occupancy expense, except for the net gain recognized from sale and leaseback transactions which was included as part of other operating income. The following table presents supplemental cash flow information and other related information related to operating and finance leases. Years ended December 31, (Dollars in thousands) 2021 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases [1] $ 38,288 $ 41,650 $ 30,073 Operating cash flows from finance leases 1,044 1,185 1,200 Financing cash flows from finance leases [1] 2,852 3,145 1,726 ROU assets obtained in exchange for new lease obligations: Operating leases [2] $ 24,136 $ 14,975 $ 28,430 Finance leases - 4,510 661 Weighted-average remaining lease term: Operating leases 7.9 years 8.0 years 8.7 years Finance leases 8.3 years 8.9 years 7.3 years Weighted-average discount rate: Operating leases 2.7 % 3.0 % 3.4 % Finance leases 5.0 % 5.0 % 5.9 % [1] During the quarter ended March 31, 2021, the Corporation made base lease termination payments amounting to $ 7.8 million in connection with the closure of nine branches as a result of the strategic realignment of PB’s New York Metro branch network. [2] During the quarter ended September 30, 2021, the Corporation recognized a lease liability of $ 16.8 million and a corresponding ROU asset for the same amount as a result of the partial leaseback of two corporate office buildings. As of December 31, 2021, the Corporation has an additional operating lease contract that has not yet commenced with an undiscounted contract amount of $ 2.3 million, which will have a lease term of 20 years.

Stock-based compensation

Stock-based compensation	12 Months Ended
	Dec. 31, 2021
Disclosure of compensation related costs sharebased payments [Abstract]
Stock-based Compensation	Note 34 - Stock-based compensation Incentive Plan On May 12, 2020, the shareholders of the Corporation approved the Popular, Inc. 2020 Omnibus Incentive Plan, which permits the Corporation to issue several types of stock-based compensation to employees and directors of the Corporation and/or any of its subsidiaries (the “2020 Incentive Plan”). The 2020 Incentive Plan replaced the Popular, Inc. 2004 Omnibus Incentive Plan, which was in effect prior to the adoption of the 2020 Incentive Plan (the “2004 Incentive Plan” and, together with the 2020 Incentive Plan, the “Incentive Plan”). Participants under the Incentive Plan are designated by the Compensation Committee of the Board of Directors (or its delegate, as determined by the Board). Under the Incentive Plan, the Corporation has issued restricted stock and performance shares for its employees and restricted stock and restricted stock units (“RSUs”) to its directors. The restricted stock granted under the Incentive Plan to employees becomes vested based on the employees’ continued service with Popular. Unless otherwise stated in an agreement, the compensation cost associated with the shares of restricted stock is determined based on a two-prong vesting schedule. The first part is vested ratably over five years commencing at the date of grant (the “graduated vesting portion”) and the second part is vested at termination of employment after attaining 55 years of age and 10 years of service (the “retirement vesting portion”). The graduated vesting portion is accelerated at termination of employment after attaining 55 years of age and 10 years of service. The vesting schedule for restricted shares granted on or after 2014 and prior to 2021 was modified as follows: the graduated vesting portion is vested ratably over four years commencing at the date of the grant and the retirement vesting portion is vested at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service. The graduated vesting portion is accelerated at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service. Restricted stock granted on or after 2021 will vest ratably in equal annual installments over a period of 4 years or 3 years, depending in the classification of the employee. The performance share award granted under the Incentive Plan consist of the opportunity to receive shares of Popular, Inc.’s common stock provided that the Corporation achieves certain goals during a three-year performance cycle. The goals will be based on two metrics weighted equally: the Relative Total Shareholder Return (“TSR”) and the Absolute Earnings per Share (“EPS”) goals. For grants issued on 2020 and 2021, the EPS goal is substituted by the Absolute Return on Average Assets (“ROA”) goal and the Absolute Return on Average Tangible Common Equity (“ROATCE”) respectively. The TSR metric is considered to be a market condition under ASC 718. For equity settled awards based on a market condition, the fair value is determined as of the grant date and is not subsequently revised based on actual performance. The EPS, ROA and ROATCE metrics are considered to be a performance condition under ASC 718. The fair value is determined based on the probability of achieving the EPS, ROA goal as of each reporting period. The TSR and EPS, ROA or ROATCE metrics are equally weighted and work independently. The number of shares that will ultimately vest ranges from 50% to a 150% of target based on both market (TSR) and performance (EPS, ROA and ROATCE) conditions. The performance shares vest at the end of the three-year performance cycle. If a participant terminates employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service, the performance shares shall continue outstanding and vest at the end of the performance cycle. The following table summarizes the restricted stock and performance shares activity under the Incentive Plan for members of management. (Not in thousands) Shares Weighted-average grant date fair value Non-vested at January 1, 2019 382,186 $ 36.41 Granted 218,169 55.55 Performance Shares Quantity Adjustment 15,061 55.72 Vested ( 270,051) 44.73 Non-vested at December 31, 2019 345,365 $ 41.68 Granted 253,943 42.49 Performance Shares Quantity Adjustment ( 7) 48.79 Vested ( 234,421) 42.64 Forfeited ( 6,368) 44.26 Non-vested at December 31, 2020 358,512 $ 41.23 Granted 191,479 69.38 Performance Shares Quantity Adjustment 54,306 54.21 Vested ( 273,974) 55.11 Forfeited ( 8,440) 43.48 Non-vested at December 31, 2021 321,883 $ 47.98 During the year ended December 31, 2021, 120,105 shares of restricted stock (2020 - 213,511; 2019 - 152,773) and 71,374 performance shares (2020 - 40,432; 2019 - 65,396 ) were awarded to management under the Incentive Plan. During the year ended December 31, 2021, the Corporation recognized $ 8.6 million of restricted stock expense related to management incentive awards, with a tax benefit of $ 1.6 million (2020 - $ 7.6 million, with a tax benefit of $ 1.3 million; 2019 - $ 7.7 million, with a tax benefit of $ 1.2 million). During the year ended December 31, 2021, the fair market value of the restricted stock vested was $ 11.6 million at grant date and $ 18.6 million at vesting date. This triggers a windfall of $ 2.5 million that was recorded as a reduction on income tax expense. During the year ended December 31, 2021 the Corporation recognized $ 5.8 million of performance shares expense, with a tax benefit of $ 0.5 million (2020 - $ 2.3 million, with a tax benefit of $ 0.2 million; 2019 - $ 4.6 million, with a tax benefit of $ 0.3 million ). T he total unrecognized compensation cost related to non-vested restricted stock awards to members of management at December 31, 2021 was $ 8.9 million and is expected to be recognized over a weighted-average period of 2.1 years. The following table summarizes the restricted stock activity under the Incentive Plan for members of the Board of Directors: (Not in thousands) Restricted stock Weighted-average grant date fair value RSU Weighted-average grant date fair value Non-vested at January 1, 2019 - - - - Granted 1,052 $ 49.25 27,449 $ 57.64 Vested ( 1,052) 49.25 ( 27,449) 57.64 Forfeited - - - - Non-vested at December 31, 2019 - - - - Granted - $ - 43,866 $ 35.47 Vested - - ( 43,866) 35.47 Forfeited - - - - Non-vested at December 31, 2020 - - - - Granted - $ - 20,638 $ 78.20 Vested - - ( 20,638) 78.20 Forfeited - - - - Non-vested at December 31, 2021 - - - - The equity awards granted to members of the Board of Directors of Popular, Inc. (the “Directors”) will vest and become non-forfeitable on the grant date of such award. Effective in May 2019, all equity awards granted to the Directors may be paid in either restricted stock or RSUs at each Directors election. If RSUs are elected, the Directors may defer the delivery of the shares of common stock underlying the RSU award until their retirement. To the extent that cash dividends are paid on the Corporation’s outstanding common stock, the Directors holding RSUs will receive an additional number of RSUs that reflect a reinvested dividend equivalent. For 2019, Directors elected shares of restricted stock and RSUs and for 2020 and 2021, all Directors elected RSUs. For the year ended December 31, 2021, 20,638 RSUs were granted to the Directors (2020 - 43,866; 2019 - 1,052; shares of restricted stock and 27,449 RSUs). For the year ended December 31, 2021, $ 1.9 million of restricted stock expense related to these RSUs was recognized, with a tax benefit of $ 0.4 million (2020 - $ 1.6 million with a tax benefit of $ 0.3 million; 2019 - $ 52 thousand with a tax benefit of $ 6 thousand for shares of restricted stock and $ 1.6 million with a tax benefit of $ 0.2 million for RSUs). The fair value at vesting date of the RSUs vested during the year ended December 31, 2021 for the Directors was $ 1.6 million.

Income taxes

Income taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure
Income Taxes	Note 35 – Income taxes The components of income tax expense for the years ended December 31, are summarized in the following table. (In thousands) 2021 2020 2019 Current income tax (benefit) expense: Puerto Rico $ 69,415 $ 33,281 $ 2,251 Federal and States 10,232 3,613 3,598 Subtotal 79,647 36,894 5,849 Deferred income tax expense (benefit): Puerto Rico 179,688 69,300 123,337 Federal and States 49,683 5,744 17,995 Subtotal 229,371 75,044 141,332 Total income tax expense $ 309,018 $ 111,938 $ 147,181 The reasons for the difference between the income tax expense applicable to income before provision for income taxes and the amount computed by applying the statutory tax rate in Puerto Rico were as follows: 2021 2020 2019 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Amount % of pre-tax income Computed income tax at statutory rates $ 466,465 38 % $ 231,960 38 % $ 306,869 38 % Benefit of net tax exempt interest income ( 139,426) ( 12) ( 126,232) ( 20) ( 145,597) ( 18) Effect of income subject to preferential tax rate ( 11,981) ( 1) ( 10,141) ( 2) ( 9,562) ( 1) Deferred tax asset valuation allowance 20,932 2 15,276 2 16,992 2 Difference in tax rates due to multiple jurisdictions ( 30,719) ( 3) ( 1,903) - ( 12,888) ( 2) Adjustment in net deferred tax due to change in the applicable tax rate - - - - ( 6,559) ( 1) Unrecognized tax benefits ( 5,484) - ( 2,163) - - - State and local taxes 14,629 1 4,350 - 4,749 1 Others ( 5,398) - 791 - ( 6,823) ( 1) Income tax expense $ 309,018 25 % $ 111,938 18 % $ 147,181 18 % For the year ended December 31, 2021, the Corporation recorded income tax expense of $ 309.0 million, compared to $ 111.9 million for the previous year. The increase in income tax expense was mainly due to higher pre-tax income during the year 2021 as compared to year 2020 resulting primarily from a lower provision for credit losses partially offset by higher net exempt interest income and higher income from the U.S. operations subject to lower statutory tax rate. The results for the year 2019 include an additional income tax benefit of $ 26 million related to the revision of the amount of exempt income earned in prior years, that resulted in the amendment of income tax returns for Banco Popular de Puerto Rico for the years 2015 to 2017 and certain adjustments pertaining to tax periods for which the statute of limitations had expired. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and their tax bases. Significant components of the Corporation’s deferred tax assets and liabilities at December 31 were as follows: December 31, 2021 (In thousands) PR US Total Deferred tax assets: Tax credits available for carryforward $ 261 $ 2,781 $ 3,042 Net operating loss and other carryforward available 112,331 665,164 777,495 Postretirement and pension benefits 57,002 - 57,002 Deferred loan origination fees/cost 2,788 - 2,788 Allowance for credit losses 233,500 31,872 265,372 Deferred gains 1,642 - 1,642 Accelerated depreciation 5,246 7,422 12,668 FDIC-assisted transaction 152,665 - 152,665 Lease liability 31,211 23,894 55,105 Difference in outside basis from pass-through entities 54,781 - 54,781 Other temporary differences 38,512 8,418 46,930 Total gross deferred tax assets 689,939 739,551 1,429,490 Deferred tax liabilities: Indefinite-lived intangibles 76,635 51,150 127,785 Unrealized net gain (loss) on trading and available-for-sale securities 4,329 2,817 7,146 Right of use assets 29,025 20,282 49,307 Deferred loan origination fees/cost - 3,567 3,567 Other temporary differences 43,856 1,530 45,386 Total gross deferred tax liabilities 153,845 79,346 233,191 Valuation allowance 128,557 410,970 539,527 Net deferred tax asset $ 407,537 $ 249,235 $ 656,772 December 31, 2020 (In thousands) PR US Total Deferred tax assets: Tax credits available for carryforward $ 3,003 $ 5,269 $ 8,272 Net operating loss and other carryforward available 124,355 698,842 823,197 Postretirement and pension benefits 80,179 - 80,179 Deferred loan origination fees 12,079 ( 2,652) 9,427 Allowance for credit losses 373,010 38,606 411,616 Accelerated depreciation 3,439 5,390 8,829 FDIC-assisted transaction 152,665 - 152,665 Intercompany deferred gains 1,728 - 1,728 Lease liability 22,790 18,850 41,640 Difference in outside basis from pass-through entities 61,222 - 61,222 Other temporary differences 38,954 7,344 46,298 Total gross deferred tax assets 873,424 771,649 1,645,073 Deferred tax liabilities: Indefinite-lived intangibles 73,305 37,745 111,050 Unrealized net gain (loss) on trading and available-for-sale securities 67,003 8,595 75,598 Right of use assets 20,708 15,510 36,218 Other temporary differences 50,247 1,169 51,416 Total gross deferred tax liabilities 211,263 63,019 274,282 Valuation allowance 112,871 407,225 520,096 Net deferred tax asset $ 549,290 $ 301,405 $ 850,695 The net deferred tax asset shown in the table above at December 31, 2021 is reflected in the consolidated statements of financial condition as $ 0.7 billion in net deferred tax assets (in the “other assets” caption) (2020 - $ 0.9 billion in deferred tax asset in the “other assets” caption) and $ 825 thousand in deferred tax liabilities (in the “other liabilities” caption) (2020 - $ 897 thousand in deferred tax liabilities in the “other liabilities” caption), reflecting the aggregate deferred tax assets or liabilities of individual tax-paying subsidiaries of the Corporation. The deferred tax asset related to the NOLs outstanding at December 31, 2021 expires as follows: (In thousands) 2022 $ 396 2023 1,363 2024 9,310 2025 13,516 2026 13,367 2027 15,202 2028 288,395 2029 119,297 2030 120,255 2031 117,210 2032 22,758 2033 10,749 2034 44,473 2035 1,079 2036 125 $ 777,495 At December 31, 2021 the net deferred tax asset of the U.S. operations amounted to $ 660 million with a valuation allowance of approximately $ 411 million, for a net deferred tax asset after valuation allowance of approximately $ 249 million. The Corporation evaluates the realization of the deferred tax asset by taxing jurisdiction. The U.S. operation is not in a cumulative three-year loss position and had sustained profitability for the three-year period ended December 31, 2021. Years 2020 and 2021 have been impacted by the COVID-19 pandemic and other events. Year 2020 was unfavorably impacted by the ACL reserve build-ups and the impairment of expenses on the branch closures in the New York region. Year 2021 has been favorably impacted by a strong economic recovery that resulted in ACL reserve releases, reversing the year 2020 build-up. The financial results for year 2021 is objectively verifiable positive evidence, evaluated together with the positive evidence of stable credit metrics, in combination with the length of the expiration of the NOLs. On the other hand, the Corporation evaluated the negative evidence accumulated over the years, including financial results lower than expectations and the uncertainty created by new variants of COVID-19. As of December 31, 2021, after weighting all positive and negative evidence, the Corporation concluded that it is more likely than not that approximately $ 249 million of the deferred tax asset from the U.S. operations, comprised mainly of net operating losses, will be realized. The Corporation based this determination on its estimated earnings available to realize the deferred tax asset for the remaining carryforward period, together with the historical level of book income adjusted by permanent differences. Management will continue to monitor and review the U.S. operation’s results and the pre-tax earnings forecast on a quarterly basis to assess the future realization of the deferred tax asset. Management will closely monitor factors, including, net income versus forecast, targeted loan growth, net interest income margin, allowance for credit losses, charge offs, NPLs inflows and NPA balances. Strong financial results during year 2022 together with the additional income expected from the recent acquisition of K2 assets, along with new tax initiatives could be considered additional positive evidence that, in the future, could overcome totally or partially the negative evidence evaluated as of December 31, 2021, that could result in future adjustments to the valuation allowance. At December 31, 2021, the Corporation’s net deferred tax assets related to its Puerto Rico operations amounted to $ 408 million. The Corporation’s Puerto Rico Banking operation is not in a cumulative loss position and has sustained profitability for the three year period ended December 31, 2021. This is considered a strong piece of objectively verifiable positive evidence that out weights any negative evidence considered by management in the evaluation of the realization of the deferred tax asset. Based on this evidence and management’s estimate of future taxable income, the Corporation has concluded that it is more likely than not that such net deferred tax asset of the Puerto Rico Banking operations will be realized. The Holding Company operation is in a cumulative loss position, taking into account taxable income exclusive of reversing temporary differences, for the three years period ending December 31, 2021. Management expects these losses will be a trend in future years. This objectively verifiable negative evidence is considered by management a strong negative evidence that will suggest that income in future years will be insufficient to support the realization of all deferred tax asset. After weighting of all positive and negative evidence management concluded, as of the reporting date, that it is more likely than not that the Holding Company will not be able to realize any portion of the deferred tax assets, considering the criteria of ASC Topic 740. Accordingly, the Corporation has maintained a full valuation allowance on the deferred tax asset of $ 129 million as of December 2021. Under the Puerto Rico Internal Revenue Code, the Corporation and its subsidiaries are treated as separate taxable entities and are not entitled to file consolidated tax returns. However, certain subsidiaries that are organized as limited liability companies with a partnership election are treated as pass-through entities for Puerto Rico tax purposes. The Code provides a dividends-received deduction of 100% on dividends received from “controlled” subsidiaries subject to taxation in Puerto Rico and 85% on dividends received from other taxable domestic corporations. The Corporation’s subsidiaries in the United States file a consolidated federal income tax return. The intercompany settlement of taxes paid is based on tax sharing agreements which generally allocate taxes to each entity based on a separate return basis. The following table presents a reconciliation of unrecognized tax benefits. (In millions) Balance at January 1, 2020 $ 16.3 Reduction as a result of lapse of statute of limitations ( 1.5) Balance at December 31, 2020 $ 14.8 Reduction as a result of lapse of statute of limitations ( 11.3) Balance at December 31, 2021 $ 3.5 At December 31, 2021, the total amount of interest recognized in the statement of financial condition approximated $ 2.8 million (2020 - $ 4.8 million). The total interest expense recognized during 2021 was $ 892 thousand net of a reduction of $ 2.9 million due to the expiration of the statute of limitation (2020 - $ 2.0 million net of a reduction of $ 645 thousand). Management determined that, as of December 31, 2021 and 2020, there was no need to accrue for the payment of penalties. The Corporation’s policy is to report interest related to unrecognized tax benefits in income tax expense, while the penalties, if any, are reported in other operating expenses in the consolidated statements of operations. After consideration of the effect on U.S. federal tax of unrecognized U.S. state tax benefits, the total amount of unrecognized tax benefits, including U.S. and Puerto Rico that, if recognized through earnings, would affect the Corporation’s effective tax rate, was approximately $ 5.5 million at December 31, 2021 (2020 - $ 10.2 million). The amount of unrecognized tax benefits may increase or decrease in the future for various reasons including adding amounts for current tax year positions, expiration of open income tax returns due to the statute of limitations, changes in management’s judgment about the level of uncertainty, status of examinations, litigation and legislative activity, and the addition or elimination of uncertain tax positions. The Corporation and its subsidiaries file income tax returns in Puerto Rico, the U.S. federal jurisdiction, various U.S. states and political subdivisions, and foreign jurisdictions. As of December 31, 2021, the following years remain subject to examination in the U.S. Federal jurisdiction – 2018 and thereafter and in the Puerto Rico jurisdiction – 2017 and thereafter. The Corporation anticipates a reduction in the total amount of unrecognized tax benefits within the next 12 months, which could amount to approximately $ 1.4 million, including interest.

Supplemental disclosure on the

Supplemental disclosure on the consolidated statements of cash flows	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Supplemental Disclosure on the Consolidated Statements of Cash Flows	Note 36 – Supplemental disclosure on the consolidated statements of cash flows Additional disclosures on cash flow information and non-cash activities for the years ended December 31, 2021, 2020 and 2019 are listed in the following table: (In thousands) 2021 2020 2019 Income taxes paid $ 64,997 $ 13,045 $ 14,461 Interest paid 170,442 240,342 369,383 Non-cash activities: Loans transferred to other real estate 57,638 14,464 67,056 Loans transferred to other property 45,144 48,614 53,286 Total loans transferred to foreclosed assets 102,782 63,078 120,342 Loans transferred to other assets 7,219 7,117 16,503 Financed sales of other real estate assets 13,014 15,606 15,907 Financed sales of other foreclosed assets 43,060 34,492 30,840 Total financed sales of foreclosed assets 56,074 50,098 46,747 Financed sale of premises and equipment 31,085 31,350 - Transfers from premises and equipment to long-lived assets held-for-sale 32,103 - - Transfers from loans held-in-portfolio to loans held-for-sale 69,890 82,299 - Transfers from loans held-for-sale to loans held-in-portfolio 9,762 20,153 7,829 Loans securitized into investment securities [1] 732,533 508,071 458,758 Trades receivables from brokers and counterparties 64,824 64,092 39,364 Trades payable to brokers and counterparties 13,789 720,212 4,084 Recognition of mortgage servicing rights on securitizations or asset transfers 13,391 9,544 9,143 Loans booked under the GNMA buy-back option 19,798 24,244 72,480 Capitalization of Right of Use Assets 35,683 29,692 189,097 [1] Includes loans securitized into trading securities and subsequently sold before year end. The following table provides a reconciliation of cash and due from banks, and restricted cash reported within the Consolidated Statement of Financial Condition that sum to the total of the same such amounts shown in the Consolidated Statement of Cash Flows. (In thousands) December 31, 2021 December 31, 2020 December 31, 2019 Cash and due from banks $ 411,346 $ 484,859 $ 361,705 Restricted cash and due from banks 17,087 6,206 26,606 Restricted cash in money market investments 6,079 6,029 6,012 Total cash and due from banks, and restricted cash [2] $ 434,512 $ 497,094 $ 394,323 [2] Refer to Note 5 - Restrictions on cash and due from banks and certain securities for nature of restrictions.

Segment reporting

Segment reporting	12 Months Ended
	Dec. 31, 2021
Segment reporting disclosure
Segment Reporting	Note 37 – Segment reporting The Corporation’s corporate structure consists of two reportable segments – Banco Popular de Puerto Rico and Popular U.S. Management determined the reportable segments based on the internal reporting used to evaluate performance and to assess where to allocate resources. The segments were determined based on the organizational structure, which focuses primarily on the markets the segments serve, as well as on the products and services offered by the segments. Banco Popular de Puerto Rico: Given that Banco Popular de Puerto Rico constitutes a significant portion of the Corporation’s results of operations and total assets at December 31, 2021, additional disclosures are provided for the business areas included in this reportable segment, as described below: Commercial banking represents the Corporation’s banking operations conducted at BPPR, which are targeted mainly to corporate, small and middle size businesses. It includes aspects of the lending and depository businesses, as well as other finance and advisory services. BPPR allocates funds across business areas based on duration matched transfer pricing at market rates. This area also incorporates income related with the investment of excess funds, as well as a proportionate share of the investment function of BPPR. Consumer and retail banking represents the branch banking operations of BPPR which focus on retail clients. It includes the consumer lending business operations of BPPR, as well as the lending operations of Popular Auto and Popular Mortgage. Popular Auto focuses on auto and lease financing, while Popular Mortgage focuses principally on residential mortgage loan originations. The consumer and retail banking area also incorporates income related with the investment of excess funds from the branch network, as well as a proportionate share of the investment function of BPPR. Other financial services include the trust service units of BPPR, asset management services of Popular Asset Management, the brokerage and investment banking operations of Popular Securities, and the insurance agency and reinsurance businesses of Popular Insurance, Popular Risk Services, and Popular Life Re. Most of the services that are provided by these subsidiaries generate profits based on fee income. Popular U.S.: Popular U.S. reportable segment consists of the banking operations of Popular Bank (PB), Popular Insurance Agency, U.S.A., and Popular Equipment Finance (PEF). PB operates through a retail branch network in the U.S. mainland under the name of Popular, and equipment leasing and financing services through PEF. Popular Insurance Agency, U.S.A. offers investment and insurance services across the PB branch network. The Corporate group consists primarily of the holding companies Popular, Inc., Popular North America, Popular International Bank and certain of the Corporation’s investments accounted for under the equity method, including EVERTEC and Centro Financiero BHD, León. The accounting policies of the individual operating segments are the same as those of the Corporation. Transactions between reportable segments are primarily conducted at market rates, resulting in profits that are eliminated for reporting consolidated results of operations. The tables that follow present the results of operations and total assets by reportable segments: December 31, 2021 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 1,674,589 $ 321,154 $ 6 Provision for credit losses (benefit) ( 136,352) ( 56,897) - Non-interest income 565,310 24,518 ( 548) Amortization of intangibles 2,813 665 - Depreciation expense 46,539 7,415 - Other operating expenses 1,285,959 203,892 ( 544) Income tax expense 253,479 56,538 - Net income $ 787,461 $ 134,059 $ 2 Segment assets $ 64,336,681 $ 10,399,066 $ ( 31,528) December 31, 2021 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,995,749 $ ( 38,159) $ - $ 1,957,590 Provision for credit losses (benefit) ( 193,249) ( 215) - ( 193,464) Non-interest income 589,280 56,535 ( 3,687) 642,128 Amortization of intangibles 3,478 5,656 - 9,134 Depreciation expense 53,954 1,150 - 55,104 Other operating expenses 1,489,307 ( 545) ( 3,725) 1,485,037 Income tax expense (benefit) 310,017 ( 1,085) 86 309,018 Net income $ 921,522 $ 13,415 $ ( 48) $ 934,889 Segment assets $ 74,704,219 $ 5,458,718 $ ( 5,065,038) $ 75,097,899 December 31, 2020 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 1,593,599 $ 302,517 $ 11 Provision for credit losses 210,955 81,486 - Non-interest income 445,893 24,285 ( 553) Amortization of intangibles 5,634 665 - Depreciation expense 47,890 9,558 - Other operating expenses 1,169,816 228,406 ( 544) Income tax expense 106,211 7,411 - Net income (loss) $ 498,986 $ ( 724) $ 2 Segment assets $ 55,353,626 $ 10,255,954 $ ( 33,935) December 31, 2020 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,896,127 $ ( 39,514) $ - $ 1,856,613 Provision for credit losses 292,441 95 - 292,536 Non-interest income 469,625 46,442 ( 3,755) 512,312 Amortization of intangibles 6,299 98 - 6,397 Depreciation expense 57,448 1,004 - 58,452 Other operating expenses 1,397,678 ( 1,212) ( 3,486) 1,392,980 Income tax expense (benefit) 113,622 ( 1,560) ( 124) 111,938 Net income $ 498,264 $ 8,503 $ ( 145) $ 506,622 Segment assets $ 65,575,645 $ 5,214,439 $ ( 4,864,084) $ 65,926,000 December 31, 2019 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 1,633,950 $ 295,470 $ ( 51) Provision for credit losses 135,495 30,028 - Non-interest income 506,739 23,160 ( 561) Amortization of intangibles 8,610 664 - Depreciation expense 49,058 8,263 - Other operating expenses 1,208,458 205,219 ( 547) Income tax expense 129,145 19,164 - Net income $ 609,923 $ 55,292 $ ( 65) Segment assets $ 41,756,864 $ 10,056,316 $ ( 18,576) December 31, 2019 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,929,369 $ ( 37,675) $ - $ 1,891,694 Provision for credit losses 165,523 256 - 165,779 Non-interest income 529,338 43,901 ( 3,356) 569,883 Amortization of intangibles 9,274 96 - 9,370 Depreciation expense 57,321 746 - 58,067 Other operating expenses 1,413,130 55 ( 3,140) 1,410,045 Income tax expense (benefit) 148,309 ( 1,041) ( 87) 147,181 Net income $ 665,150 $ 6,114 $ ( 129) $ 671,135 Segment assets $ 51,794,604 $ 5,228,276 $ ( 4,907,556) $ 52,115,324 Additional disclosures with respect to the Banco Popular de Puerto Rico reportable segment are as follows: December 31, 2021 Banco Popular de Puerto Rico Consumer Other Total Banco Commercial and Retail Financial Popular de (In thousands) Banking Banking Services Eliminations Puerto Rico Net interest income $ 734,501 $ 934,611 $ 5,477 $ - $ 1,674,589 Provision for credit losses (benefit) ( 85,990) ( 50,362) - - ( 136,352) Non-interest income 118,126 343,125 109,018 ( 4,959) 565,310 Amortization of intangibles 290 2,110 609 ( 196) 2,813 Depreciation expense 20,512 25,386 641 - 46,539 Other operating expenses 377,563 818,503 91,652 ( 1,759) 1,285,959 Income tax expense 180,874 66,616 5,989 - 253,479 Net income $ 359,378 $ 415,483 $ 15,604 $ ( 3,004) $ 787,461 Segment assets $ 64,994,081 $ 31,313,708 $ 2,038,402 $ ( 34,009,510) $ 64,336,681 December 31, 2020 Banco Popular de Puerto Rico Consumer Other Total Banco Commercial and Retail Financial Popular de (In thousands) Banking Banking Services Eliminations Puerto Rico Net interest income $ 653,091 $ 927,165 $ 13,343 $ - $ 1,593,599 Provision for credit losses 47,905 163,050 - - 210,955 Non-interest income 100,329 249,464 97,443 ( 1,343) 445,893 Amortization of intangibles 197 3,609 1,828 - 5,634 Depreciation expense 20,488 26,746 656 - 47,890 Other operating expenses 303,534 782,521 85,122 ( 1,361) 1,169,816 Income tax expense (benefit) 104,617 ( 5,934) 7,528 - 106,211 Net income $ 276,679 $ 206,637 $ 15,652 $ 18 $ 498,986 Segment assets $ 49,806,766 $ 29,000,270 $ 2,218,444 $ ( 25,671,854) $ 55,353,626 December 31, 2019 Banco Popular de Puerto Rico Consumer Other Eliminations Total Banco Commercial and Retail Financial and Other Popular de (In thousands) Banking Banking Services Adjustments Puerto Rico Net interest income $ 619,926 $ 1,009,196 $ 4,828 $ - $ 1,633,950 Provision for credit losses (benefit) ( 46,099) 181,594 - - 135,495 Non-interest income 99,758 303,268 106,218 ( 2,505) 506,739 Amortization of intangibles 195 4,294 4,121 - 8,610 Depreciation expense 20,024 28,411 623 - 49,058 Other operating expenses 309,762 835,582 65,631 ( 2,517) 1,208,458 Income tax expense 104,636 11,999 12,510 - 129,145 Net income $ 331,166 $ 250,584 $ 28,161 $ 12 $ 609,923 Segment assets $ 34,340,842 $ 23,976,004 $ 380,557 $ ( 16,940,539) $ 41,756,864 Geographic Information The following information presents selected financial information based on the geographic location where the Corporation conducts its business. The banking operations of BPPR are primarily based in Puerto Rico, where it has the largest retail banking franchise. BPPR also conducts banking operations in the U.S. Virgin Islands, the British Virgin Islands and New York. BPPR’s banking operations in the United States include E-loan, an online platform used to offer personal loans, co-branded credit cards offerings and an online deposit gathering platform. In the Virgin Islands, the BPPR segment offers banking products, including loans and deposits. During the year ended December 31, 2021, the BPPR segment generated approximately $ 50.6 million (2020 - $ 55.3 million, 2019 - $ 55.7 million) in revenues from its operations in the United States, including net interest income, service charges on deposit accounts and other service fees. In addition, the BPPR segment generated $ 45.4 million in revenues (2020 - $ 44.2 million, 2019 - $ 47.6 million) from its operations in the U.S. and British Virgin Islands. At December 31, 2021, total assets for the BPPR segment related to its operations in the United States amounted to $ 589 million (2020 - $ 627 million). (In thousands) 2021 2020 2019 Revenues: [1] Puerto Rico $ 2,136,481 $ 1,921,207 $ 2,016,089 United States 390,201 376,529 371,368 Other 73,036 71,189 74,120 Total consolidated revenues $ 2,599,718 $ 2,368,925 $ 2,461,577 [1] Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net gain (loss) on sale of debt securities, net gain, including impairment on equity securities, net (loss) profit on trading account debt securities, net (loss) gain on sale of loans, including valuation adjustments on loans held-for-sale, adjustments (expense) to indemnity reserves on loans sold, and other operating income. Selected Balance Sheet Information (In thousands) 2021 2020 2019 Puerto Rico Total assets $ 63,221,282 $ 54,143,954 $ 40,544,255 Loans 19,770,118 20,413,112 18,989,286 Deposits 57,211,608 47,586,880 34,664,243 United States Total assets $ 10,986,055 $ 10,878,030 $ 10,693,536 Loans 8,903,493 8,396,983 7,819,187 Deposits 7,777,232 7,672,549 7,664,792 Other Total assets $ 890,562 $ 904,016 $ 877,533 Loans 626,115 674,556 657,603 Deposits [1] 2,016,248 1,606,911 1,429,571 [1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

Popular, Inc. (Holding company

Popular, Inc. (Holding company only) financial information	12 Months Ended
	Dec. 31, 2021
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Popular, Inc (Holding Company Only) Financial Information	Note 38 - Popular, Inc. (holding company only) financial information The following condensed financial information presents the financial position of Popular, Inc. Holding Company only at December 31, 2021 and 2020, and the results of its operations and cash flows for the years ended December 31, 2021, 2020 and 2019. Condensed Statements of Condition December 31, (In thousands) 2021 2020 ASSETS Cash and due from banks (includes $ 79,660 due from bank subsidiary (2020 - $ 69,299)) $ 79,660 $ 69,299 Money market investments 205,646 111,596 Debt securities held-to-maturity, at amortized cost (includes $ 3,125 in common 8,726)) [1] 3,125 8,726 Equity securities, at lower of cost or realizable value 19,711 16,049 Investment in BPPR and subsidiaries, at equity 3,858,701 4,327,188 Investment in Popular North America and subsidiaries, at equity 1,834,931 1,733,411 Investment in other non-bank subsidiaries, at equity 288,736 271,129 Other loans 29,445 31,473 Less - Allowance for credit losses 96 311 Premises and equipment 5,684 5,322 Investment in equity method investees 114,955 88,272 Other assets (includes $ 6,802 due from subsidiaries and affiliate (2020 - $ 5,518)) 32,810 35,002 Total assets $ 6,473,308 $ 6,697,156 LIABILITIES AND STOCKHOLDERS' EQUITY Notes payable $ 401,990 $ 587,386 Other liabilities (includes $ 6,591 due to subsidiaries and affiliate (2020 - $ 3,779)) 101,923 81,148 Stockholders’ equity 5,969,395 6,028,622 Total liabilities and stockholders’ equity $ 6,473,308 $ 6,697,156 [1] Refer to Note 18 to the consolidated financial statements for information on the statutory trusts. Condensed Statements of Operations Years ended December 31, (In thousands) 2021 2020 2019 Income: Dividends from subsidiaries $ 792,000 $ 586,000 $ 408,000 Interest income (includes $ 828 due from subsidiaries and affiliates (2020 - $ 2,290; 2019 - $ 4,237)) 4,303 4,949 6,669 Earnings from investments in equity method investees 29,387 17,841 17,279 Other operating income - 1 1 Net (loss) gain, including impairment, on equity securities ( 525) 1,494 988 Total income 825,165 610,285 432,937 Expenses: Interest expense 36,444 38,528 38,528 Provision for credit losses (benefit) ( 215) 95 256 Operating expense (income) (includes expenses for services provided by subsidiaries and affiliate of $ 13,546 (2020 - $ 13,140 ; 2019 - $ 14,400)), net of reimbursement by subsidiaries for services provided by parent of $ 162,019 (2020 - $ 138,729 ; 2019 - $ 106,725) 5,432 ( 921) 80 Total expenses 41,661 37,702 38,864 Income before income taxes and equity in undistributed earnings (losses) of subsidiaries 783,504 572,583 394,073 Income tax expense 352 17 - Income before equity in undistributed earnings (losses) of subsidiaries 783,152 572,566 394,073 Equity in undistributed earnings (losses) of subsidiaries 151,737 ( 65,944) 277,062 Net income $ 934,889 $ 506,622 $ 671,135 Comprehensive income, net of tax $ 419,829 $ 866,551 $ 929,171 Condensed Statements of Cash Flows Years ended December 31, (In thousands) 2021 2020 2019 Cash flows from operating activities: Net income $ 934,889 $ 506,622 $ 671,135 Adjustments to reconcile net income to net cash provided by operating activities: Equity in (earnings) losses of subsidiaries, net of dividends or distributions ( 151,737) 65,944 ( 277,062) Provision for credit losses (benefit) ( 215) 95 256 Amortization of intangibles 5,656 98 96 Net accretion of discounts and amortization of premiums and deferred fees 1,241 1,233 1,240 Share-based compensation 8,895 5,770 7,927 Earnings from investments under the equity method, net of dividends or distributions ( 26,360) ( 15,510) ( 14,948) Sale of foreclosed assets, including write-downs 59 - - Net (increase) decrease in: Equity securities ( 3,662) ( 5,305) ( 4,051) Other assets ( 1,970) ( 8,327) 1,134 Net (decrease) increase in: Interest payable ( 1,042) - - Other liabilities 19,095 2,470 2,508 Total adjustments ( 150,040) 46,468 ( 282,900) Net cash provided by operating activities 784,849 553,090 388,235 Cash flows from investing activities: Net (increase) decrease in money market investments ( 94,000) 110,000 ( 45,000) Proceeds from calls, paydowns, maturities and redemptions of investment securities held-to-maturity 5,601 - - Net repayments on other loans 1,879 587 677 Capital contribution to subsidiaries ( 12,900) ( 10,000) ( 9,000) Return of capital from wholly owned subsidiaries - 12,500 13,000 Return of capital from equity method investments - 131 - Acquisition of premises and equipment ( 1,788) ( 2,667) ( 1,289) Proceeds from sale of premises and equipment 83 285 3 Proceeds from sale of foreclosed assets 87 - - Net cash (used in) provided by investing activities ( 101,038) 110,836 ( 41,609) Cash flows from financing activities: Payments of notes payable ( 186,664) - - Proceeds from issuance of common stock 10,493 15,175 13,451 Payments for repurchase of redeemable preferred stock - ( 28,017) - Dividends paid ( 141,466) ( 133,645) ( 115,810) Net payments for repurchase of common stock ( 350,656) ( 500,705) ( 250,571) Payments related to tax withholding for share-based compensation ( 5,107) ( 3,394) ( 5,420) Net cash used in financing activities ( 673,400) ( 650,586) ( 358,350) Net increase (decrease) in cash and due from banks, and restricted cash 10,411 13,340 ( 11,724) Cash and due from banks, and restricted cash at beginning of period 69,894 56,554 68,278 Cash and due from banks, and restricted cash at end of period $ 80,305 $ 69,894 $ 56,554 Popular, Inc. (parent company only) received distributions from its direct equity method investees amounting to $ 3.0 million for the year ended December 31, 2021 (2020 - $ 2.3 million; 2019 - $ 2.3 million), of which $ 2.3 million are related to dividend distributions (2020 - $ 2.3 million; 2019 - $ 2.3 million). There were no dividend distributions from PIBI for the year ended Dec 31, 2021 (2020 - $ 12.5 million; 2019 - $ 13.0 million). PIBI main source of income is derived from its investment in BHD. Notes payable include junior subordinated debentures issued by the Corporation that are associated to capital securities issued by the Popular Capital Trust II and medium-term notes. Refer to Note 18 for a description of significant provisions related to these junior subordinated debentures. The following table presents the aggregate amounts by contractual maturities of notes payable at December 31, 2021: Year (In thousands) 2022 $ - 2023 297,842 2024 - 2025 - 2026 - Later years 104,148 Total $ 401,990

Subsequent events

Subsequent events	12 Months Ended
	Dec. 31, 2021
Subsequent event [Abstract]
Subsequent Events	Note 39 ─ Subsequent events Accelerated Share Repurchase Transaction On February 28, 2022, the Corporation entered into an accelerated share repurchase transaction of $ 400 million with respect to its common stock, which will be accounted for as a treasury stock transaction. Accordingly, as a result of the receipt of the initial shares, the Corporation will recognize in shareholders’ equity approximately $ 320 million in treasury stock and $ 80 million as a reduction of capital surplus. The Corporation expects to further adjust its treasury stock and capital surplus accounts to reflect the delivery or receipt of cash or shares upon the termination of the ASR agreement, which will depend on the average price of the Corporation’s shares during the term of the ASR, less a discount. The final settlement of the ASR is expected to occur no later than the third quarter of 2022. Entry into Asset Purchase Agreement with Evertec; Renegotiation and Extension of Commercial Agreements On February 24, 2022, the Corporation and BPPR, entered into an Asset Purchase Agreement (the “Purchase Agreement”), dated as of February 24, 2022, with EVERTEC and Evertec Group, LLC, a wholly owned subsidiary of EVERTEC (“EVERTEC Group”), pursuant to which BPPR will purchase from EVERTEC Group certain information technology and related assets currently used by EVERTEC to service certain of BPPR’s key channels (the “Acquired Assets”) under the Amended and Restated Master Service Agreement (the “MSA”), dated September 30, 2010, among Popular, BPPR and EVERTEC. In connection with the purchase of the Acquired Assets, BPPR will assume certain liabilities relating to the Acquired Assets (together with the purchase of the Acquired Assets, the “Transaction”). The Transaction is expected to close on or about June 30, 2022, subject to the satisfaction of certain closing conditions. In connection with the consummation of the Transaction (the “Closing”), Popular or BPPR will transfer to EVERTEC Group, as consideration for the Transaction, shares of EVERTEC’s common stock (“EVERTEC Common Stock”) having an aggregate value equal to $ 197 million, subject to certain purchase price adjustments, calculated on the basis that each share of EVERTEC Common Stock is valued at $ 42.84 per share. As a result of this transfer, Popular expects that its percentage ownership of the outstanding shares of EVERTEC Common Stock will be reduced from its current level, which is approximately 16.2%, to approximately 10.5% immediately following the Closing. In connection with the Closing, Popular and BPPR will also enter with EVERTEC into, among other commercial agreements, a Second Amended and Restated Master Services Agreement (the “Second A&R MSA”), pursuant to which EVERTEC Group will continue to provide various key information technology and various transaction processing services to Popular, BPPR and their respective subsidiaries, which services are provided under the currently effective MSA. Under the Second A&R MSA, Popular and BPPR would no longer be subject to exclusivity provisions under the currently effective MSA that require Popular and BPPR to obtain certain services from EVERTEC Group, nor will they be subject to rights of first refusal that EVERTEC Group currently has under the currently effective MSA with respect to certain technology projects. In connection with the elimination of exclusivity provisions under the currently effective MSA, EVERTEC Group will be entitled to receive monthly payments from Popular and BPPR to the extent that EVERTEC Group’s revenues under the Second A&R MSA fall below certain agreed minimum amounts on an annualized basis (each, an “Annual Minimum”). The Annual Minimum will equal (i) $ 170 million for each one-year period from the effective date of the Second A&R MSA through September 30, 2025; (ii) $ 165 million for each one-year period from October 1, 2025 through September 30, 2026; and (iii) $ 160 million for each one-year period from October 1, 2026 through September 30, 2028 (in each case, pro-rated for any partial one-year period). Under the currently effective MSA, EVERTEC Group is entitled to increase annually the fees charged under the MSA based on the annual increases in the Consumer Price Index (the “Annual MSA CPI Escalation”), subject to an annual cap of 5%. At the Closing, the Annual MSA CPI Escalation that became effective as of October 1, 2021 will be retroactively eliminated, and BPPR will receive a credit against fees payable under the Second A&R MSA equal to the amount by which the fees paid by BPPR for the period from October 1, 2021 through the Closing were increased as a result of the most recent Annual MSA CPI Escalation. Additionally, the cap on the Annual MSA CPI Escalation will be reduced relative to the currently effective MSA and will be capped (i) at 1.5% for each one-year period beginning on the effective date of the Second A&R MSA through September 30, 2025, and (ii) at 2% for each one-year period from October 1, 2025 through September 30, 2028 (or if lower, at the percentage by which the CPI increase during the prior one-year period exceeded 2%). In addition, beginning in October 2025, BPPR will receive a 10% fee discount for services provided under the Second A&R MSA. At the Closing, EVERTEC and Popular will also enter into a Registration Rights and Sell-Down Agreement (the “Registration Rights Agreement”) pursuant to which Popular may sell to third parties during the 90-day period following the Closing (the “Sell-Down Period”) a sufficient number of its shares of EVERTEC Common Stock so as to reduce Popular’s ownership of shares of EVERTEC Common Stock to no more than 4.99% of the total number of shares of EVERTEC Common Stock issued and outstanding. At the end of the Sell-Down Period, if there are any shares of EVERTEC Common Stock beneficially owned, owned of record or controlled by Popular in excess of 4.5% of the total number of shares of EVERTEC Common Stock issued and outstanding (“Excess Common Stock”), EVERTEC shall cause all the shares of Excess Common Stock to be exchanged for shares of EVERTEC non-voting preferred stock (the “Non-Voting Preferred Stock”, and such conversion, the “Share Conversion”). Following the Share Conversion, if Popular at any point would beneficially own, own of record or control shares of Excess Common Stock, EVERTEC shall cause all such Excess Common Stock to be exchanged for Non-Voting Preferred Stock. The Non-Voting Preferred Stock will have identical rights and privileges as EVERTEC Common Stock, except that the Non-Voting Preferred Stock will be non-voting other than limited protective voting rights and will automatically convert into shares of EVERTEC Common Stock in the hands of a transferee after a transfer (i) in a widespread public distribution, (ii) to EVERTEC, (iii) in which no transferee (or group of associated transferees) would receive 2% or more of the outstanding securities of any class of voting securities of EVERTEC or (iv) to a transferee that would control more than 50% of every class of voting securities of EVERTEC without any such transfer. The Registration Rights Agreement contains customary registration rights with respect to the shares of EVERTEC Common Stock and Non-Voting Preferred Stock held by Popular, including customary indemnification provisions, similar to the registration rights provided for in the Stockholder Agreement (the “Stockholder Agreement”), dated April 17, 2012, among Carib Latam Holdings, Inc., and each of the holders of Carib Latam Holdings, Inc., as amended on March 27, 2013, June 30, 2013 and November 13, 2013. Under the Stockholder Agreement, which will be terminated at Closing, Popular is currently entitled to, among other things, (1) nominate two directors for election to EVERTEC’s board of directors, (2) limited pre-emptive rights and (3) various registration rights with respect to EVERTEC Common Stock. At the Closing, certain other commercial agreements will be entered into by and between Popular or BPPR (or both) and EVERTEC or EVERTEC Group, Inc., including (i) a Second Amended and Restated Independent Sales Organization Sponsorship and Services Agreement, pursuant to which BPPR will continue to sponsor EVERTEC Group as an independent sales organization with various credit card associations and will receive revenue sharing on a percentage of the net revenues of EVERTEC Group’s merchant acquiring business and person-to-business merchant services business, for an initial term commencing on the date of the Closing and ending on December 31, 2035 (a ten-year extension of the term of the currently effective agreement), and (ii) a Second Amended and Restated ATH Network Participation Agreement, pursuant to which BPPR will continue to be required to issue ATH-branded debit cards and may issue dual-branded debit cards having certain enhanced functionalities and will continue to have the ability to access the ATH Network and BPPR’s customers will continue to be able to access EVERTEC Group’s ATH Movil person-to-person and person-to-business services, for an initial term commencing on the date of the Closing and ending on September 30, 2030 (a five-year extension of the term of the currently effective agreement).

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies
Consolidation	Principles of consolidation The consolidated financial statements include the accounts of Popular, Inc. and its subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. In accordance with the consolidation guidance for variable interest entities, the Corporation would also consolidate any variable interest entities (“VIEs”) for which it has a controlling financial interest; and therefore, it is the primary beneficiary. Assets held in a fiduciary capacity are not assets of the Corporation and, accordingly, are not included in the Consolidated Statements of Financial Condition. Unconsolidated investments, in which there is at least 20% ownership and / or the Corporation exercises significant influence, are generally accounted for by the equity method with earnings recorded in other operating income. Limited partnerships are also accounted for by the equity method unless the investor’s interest is so “minor” that the limited partner may have virtually no influence over partnership operating and financial policies. These investments are included in other assets and the Corporation’s proportionate share of income or loss is included in other operating income. Statutory business trusts that are wholly-owned by the Corporation and are issuers of trust preferred securities are not consolidated in the Corporation’s Consolidated Financial Statements.
Business combinations	Business combinations Business combinations are accounted for under the acquisition method. Under this method, assets acquired, liabilities assumed and any noncontrolling interest in the acquiree at the acquisition date are measured at their fair values as of the acquisition date. The acquisition date is the date the acquirer obtains control. Transaction costs are expensed as incurred. Contingent consideration classified as an asset or a liability is remeasured to fair value at each reporting date until the contingency is resolved. The changes in fair value of the contingent consideration are recognized in earnings unless the arrangement is a hedging instrument for which changes are initially recognized in other comprehensive income. On October 15, 2021, Popular Equipment Finance, LLC (“PEF”), a newly formed wholly-owned subsidiary of Popular Bank (“PB”), completed the acquisition of certain assets and the assumption of certain liabilities of K2 Capital Group LLC’s (“K2”) equipment leasing and financing business based in Minnesota (the “Acquired Business”). The Corporation determined that this acquisition constituted a business combination as defined by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 805 “Business Combinations”. Refer to Note 4, Business combination, for further details on the K2 Transaction.
Use of estimates	Use of estimates in the preparation of financial statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Fair value measurements	Fair value measurements The Corporation determines the fair values of its financial instruments based on the fair value framework established in the guidance for Fair Value Measurements in ASC Subtopic 820-10, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standard describes three levels of inputs that may be used to measure fair value which are (1) quoted market prices for identical assets or liabilities in active markets, (2) observable market-based inputs or unobservable inputs that are corroborated by market data, and (3) unobservable inputs that are not corroborated by market data. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. The guidance in ASC Subtopic 820-10 also addresses measuring fair value in situations where markets are inactive and transactions are not orderly. Transactions or quoted prices for assets and liabilities may not be determinative of fair value when transactions are not orderly, and thus, may require adjustments to estimate fair value. Price quotes based on transactions that are not orderly should be given little, if any, weight in measuring fair value. Price quotes based on transactions that are orderly shall be considered in determining fair value, and the weight given is based on facts and circumstances. If sufficient information is not available to determine if price quotes are based on orderly transactions, less weight should be given to the price quote relative to other transactions that are known to be orderly.
Investments securities	Investment securities Investment securities are classified in four categories and accounted for as follows:  Debt securities that the Corporation has the intent and ability to hold to maturity are classified as debt securities held-to-maturity and reported at amortized cost. An ACL is established for the expected credit losses over the remaining term of debt securities held-to-maturity. The Corporation has established a methodology to estimate credit losses which considers qualitative factors, including internal credit ratings and the underlying source of repayment in determining the amount of expected credit losses. Debt securities held-to-maturity are written-off through the ACL when a portion or the entire amount is deemed uncollectible, based on the information considered to develop expected credit losses through the life of the asset. The ACL is estimated by leveraging the expected loss framework for mortgages in the case of securities collateralized by 2 nd  Debt securities classified as trading securities are reported at fair value, with unrealized and realized gains and losses included in non-interest income.  Debt securities classified as available-for-sale are reported at fair value. Declines in fair value below the securities’ amortized cost which are not related to estimated credit losses are recorded through other comprehensive income or loss, net of taxes. If the Corporation intends to sell or believes it is more likely than not that it will be required to sell the debt security, it is written down to fair value through earnings. Credit losses relating to available-for-sale debt securities are recorded through an ACL, which are limited to the difference between the amortized cost and the fair value of the asset. The ACL is established for the expected credit losses over the remaining term of debt security. The Corporation’s portfolio of available-for-sale securities is comprised mainly of U.S. Treasury notes and obligations from the U.S. Government. These securities have an explicit or implicit guarantee from the U.S. government, are highly rated by major rating agencies, and have a long history of no credit losses. Accordingly, the Corporation applies a zero-credit loss assumption and no ACL for these securities has been established. The Corporation monitors its securities portfolio composition and credit performance on a quarterly basis to determine if any allowance is considered necessary. Debt securities available-for-sale are written-off when a portion or the entire amount is deemed uncollectible, based on the information considered to develop expected credit losses through the life of the asset. The specific identification method is used to determine realized gains and losses on debt securities available-for-sale, which are included in net (loss) gain on sale of debt securities in the Consolidated Statements of Operations.  Equity securities that have readily available fair values are reported at fair value. Equity securities that do not have readily available fair values are measured at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Stock that is owned by the Corporation to comply with regulatory requirements, such as Federal Reserve Bank and Federal Home Loan Bank (“FHLB”) stock, is included in this category, and their realizable value equals their cost. Unrealized and realized gains and losses and any impairment on equity securities are included in net gain (loss), including impairment on equity securities in the Consolidated Statements of Operations. Dividend income from investments in equity securities is included in interest income. The amortization of premiums is deducted and the accretion of discounts is added to net interest income based on the interest method over the outstanding period of the related securities. Purchases and sales of securities are recognized on a trade date basis.
Derivatives financial instruments	Derivative financial instruments All derivatives are recognized on the Statements of Financial Condition at fair value. The Corporation’s policy is not to offset the fair value amounts recognized for multiple derivative instruments executed with the same counterparty under a master netting arrangement nor to offset the fair value amounts recognized for the right to reclaim cash collateral (a receivable) or the obligation to return cash collateral (a payable) arising from the same master netting arrangement as the derivative instruments. For a cash flow hedge, changes in the fair value of the derivative instrument are recorded net of taxes in accumulated other comprehensive income/(loss) and subsequently reclassified to net income (loss) in the same period(s) that the hedged transaction impacts earnings. For free-standing derivative instruments, changes in fair values are reported in current period earnings. Prior to entering a hedge transaction, the Corporation formally documents the relationship between hedging instruments and hedged items, as well as the risk management objective and strategy for undertaking various hedge transactions. This process includes linking all derivative instruments to specific assets and liabilities on the Statements of Financial Condition or to specific forecasted transactions or firm commitments along with a formal assessment, at both inception of the hedge and on an ongoing basis, as to the effectiveness of the derivative instrument in offsetting changes in fair values or cash flows of the hedged item. Hedge accounting is discontinued when the derivative instrument is not highly effective as a hedge, a derivative expires, is sold, terminated, when it is unlikely that a forecasted transaction will occur or when it is determined that it is no longer appropriate. When hedge accounting is discontinued the derivative continues to be carried at fair value with changes in fair value included in earnings. For non-exchange traded contracts, fair value is based on dealer quotes, pricing models, discounted cash flow methodologies or similar techniques for which the determination of fair value may require significant management judgment or estimation. The fair value of derivative instruments considers the risk of non-performance by the counterparty or the Corporation, as applicable. The Corporation obtains or pledges collateral in connection with its derivative activities when applicable under the agreement
Loans	Loans Loans are classified as loans held-in-portfolio when management has the intent and ability to hold the loan for the foreseeable future, or until maturity or payoff. The foreseeable future is a management judgment which is determined based upon the type of loan, business strategies, current market conditions, balance sheet management and liquidity needs. Management’s view of the foreseeable future may change based on changes in these conditions. When a decision is made to sell or securitize a loan that was not originated or initially acquired with the intent to sell or securitize, the loan is reclassified from held-in-portfolio into held-for-sale. Due to changing market conditions or other strategic initiatives, management’s intent with respect to the disposition of the loan may change, and accordingly, loans previously classified as held-for-sale may be reclassified into held-in-portfolio. Loans transferred between loans held-for-sale and held-in-portfolio classifications are recorded at the lower of cost or fair value at the date of transfer. Purchased loans with no evidence of credit deterioration since origination are recorded at fair value upon acquisition. Credit discounts are included in the determination of fair value. Loans held-for-sale are stated at the lower of cost or fair value, cost being determined based on the outstanding loan balance less unearned income, and fair value determined, generally in the aggregate. Fair value is measured based on current market prices for similar loans, outstanding investor commitments, prices of recent sales or discounted cash flow analyses which utilize inputs and assumptions which are believed to be consistent with market participants’ views. The cost basis also includes consideration of deferred origination fees and costs, which are recognized in earnings at the time of sale. Upon reclassification to held-for-sale, credit related fair value adjustments are recorded as a reduction in the ACL. To the extent that the loan's reduction in value has not already been provided for in the ACL, an additional provision for credit losses is recorded. Subsequent to reclassification to held-for-sale, the amount, by which cost exceeds fair value, if any, is accounted for as a valuation allowance with changes therein included in the determination of net income (loss) for the period in which the change occurs. Loans held-in-portfolio are reported at their outstanding principal balances net of any unearned income, charge-offs, unamortized deferred fees and costs on originated loans, and premiums or discounts on purchased loans. Fees collected and costs incurred in the origination of new loans are deferred and amortized using the interest method or a method which approximates the interest method over the term of the loan as an adjustment to interest yield. The past due status of a loan is determined in accordance with its contractual repayment terms. Furthermore, loans are reported as past due when either interest or principal remains unpaid for 30 days or more in accordance with its contractual repayment terms. Non-accrual loans are those loans on which the accrual of interest is discontinued. When a loan is placed on non-accrual status, all previously accrued and unpaid interest is charged against interest income and the loan is accounted for either on a cash-basis method or on the cost-recovery method. Loans designated as non-accruing are returned to accrual status when the Corporation expects repayment of the remaining contractual principal and interest. Recognition of interest income on commercial and construction loans is discontinued when the loans are 90 days or more in arrears on payments of principal or interest or when other factors indicate that the collection of principal and interest is doubtful. The portion of a secured loan deemed uncollectible is charged-off no later than 365 days past due. However, in the case of a collateral dependent loan, the excess of the recorded investment over the fair value of the collateral (portion deemed uncollectible) is generally promptly charged-off, but in any event, not later than the quarter following the quarter in which such excess was first recognized. Commercial unsecured loans are charged-off no later than 180 days past due. Recognition of interest income on mortgage loans is generally discontinued when loans are 90 days or more in arrears on payments of principal or interest. The portion of a mortgage loan deemed uncollectible is charged-off when the loan is 180 days past due. The Corporation discontinues the recognition of interest on residential mortgage loans insured by the Federal Housing Administration (“FHA”) or guaranteed by the U.S. Department of Veterans Affairs (“VA”) when 15-months delinquent as to principal or interest. The principal repayment on these loans is insured. Recognition of interest income on closed-end consumer loans and home equity lines of credit is discontinued when the loans are 90 days or more in arrears on payments of principal or interest. Income is generally recognized on open-end consumer loans, except for home equity lines of credit, until the loans are charged-off. Recognition of interest income for lease financing is ceased when loans are 90 days or more in arrears. Closed-end consumer loans and leases are charged-off when they are 120 days in arrears. Open-end (revolving credit) consumer loans are charged-off when 180 days in arrears. Commercial and consumer overdrafts are generally charged-off no later than 60 days past their due date. A loan classified as a troubled debt restructuring (“TDR”) is typically in non-accrual status at the time of the modification. The TDR loan continues in non-accrual status until the borrower has demonstrated a willingness and ability to make the restructured loan payments (at least six months of sustained performance after the modification (or one year for loans providing for quarterly or semi-annual payments)) and management has concluded that it is probable that the borrower would not be in payment default in the foreseeable future.
Lease financing	Lease financing The Corporation leases passenger and commercial vehicles and equipment to individual and corporate customers. The finance method of accounting is used to recognize revenue on lease contracts that meet the criteria specified in the guidance for leases in ASC Topic 842. Aggregate rentals due over the term of the leases less unearned income are included in finance lease contracts receivable. Unearned income is amortized using a method which results in approximate level rates of return on the principal amounts outstanding. Finance lease origination fees and costs are deferred and amortized over the average life of the lease as an adjustment to the interest yield. Revenue for other leases is recognized as it becomes due under the terms of the agreement.
Loans acquired with deteriorated credit quality	Loans acquired with deteriorated credit quality Purchased credit deteriorated (“PCD”) loans are defined as those with evidence of a more-than-insignificant deterioration in credit quality since origination. PCD loans are initially recorded at its purchase price plus an estimated allowance for credit losses (“ACL”). Upon the acquisition of a PCD loan, the Corporation makes an estimate of the expected credit losses over the remaining contractual term of each individual loan. The estimated credit losses over the life of the loan are recorded as an ACL with a corresponding addition to the loan purchase price. The amount of the purchased premium or discount which is not related to credit risk is amortized over the life of the loan through net interest income using the effective interest method or a method that approximates the effective interest method. Changes in expected credit losses are recorded as an increase or decrease to the ACL with a corresponding charge (reverse) to the provision for credit losses in the Consolidated Statement of Operations. Upon transition to the individual loan measurement, these loans follow the same nonaccrual policies as non-PCD loans and are therefore no longer excluded from non-performing status. Modifications of PCD loans that meet the definition of a TDR subsequent to the adoption of ASC Topic 326 are accounted and reported as such following the same processes as non-PCD loans. Refer to Note 8 to the Consolidated Financial Statements for additional information with respect to loans acquired with deteriorated credit quality.
Accrued interest receivable	Accrued interest receivable The amortized basis for loans and investments in debt securities is presented exclusive of accrued interest receivable. The Corporation has elected not to establish an ACL for accrued interest receivable for loans and investments in debt securities, given the Corporation’s non-accrual policies, in which accrual of interest is discontinued and reversed based on the asset’s delinquency status.
Allowance for credit losses - loans portfolio	Allowance for credit losses – loans portfolio The Corporation establishes an ACL for its loan portfolio based on its estimate of credit losses over the remaining contractual term of the loans, adjusted for expected prepayments. An ACL is recognized for all loans including originated and purchased loans, since inception, with a corresponding charge to the provision for credit losses, except for PCD loans for which the ACL at acquisition is recorded as an addition to the purchase price with subsequent changes recorded in earnings. Loan losses are charged and recoveries are credited to the ACL. The Corporation follows a methodology to estimate the ACL which includes a reasonable and supportable forecast period for estimating credit losses, considering quantitative and qualitative factors as well as the economic outlook. As part of this methodology, management evaluates various macroeconomic scenarios provided by third parties. At December 31, 2021, management applied probability weights to the outcome of the selected scenarios. This evaluation includes benchmarking procedures as well as careful analysis of the underlying assumptions used to build the scenarios. The application of probability weights include baseline, optimistic and pessimistic scenarios. The weights applied are subject to evaluation on a quarterly basis as part of the ACL’s governance process. The Corporation considers additional macroeconomic scenarios as part of its qualitative adjustment framework. The macroeconomic variables chosen to estimate credit losses were selected by combining quantitative procedures with expert judgment. These variables were determined to be the best predictors of expected credit losses within the Corporation’s loan portfolios and include drivers such as unemployment rate, different measures of employment levels, house prices, gross domestic product and measures of disposable income, amongst others. The loss estimation framework includes a reasonable and supportable period of 2 years for PR portfolios, gradually reverting, over a 1-year horizon, to historical macroeconomic variables at the model input level. For the US portfolio the reasonable and supportable period considers the contractual life of the asset, impacted by prepayments, except for the US CRE portfolio. The US CRE portfolio utilizes a 2-year reasonable and supportable period gradually reverting, over a 1-year horizon, to historical information at the output level. The Corporation developed loan level quantitative models distributed by geography and loan type. This segmentation was determined by evaluating their risk characteristics, which include default patterns, source of repayment, type of collateral, and lending channels, amongst others. The modeling framework includes competing risk models to generate lifetime defaults and prepayments, and other loan level modeling techniques to estimate loss severity. Recoveries on future losses are contemplated as part of the loss severity modeling. These parameters are estimated by combining internal risk factors with macroeconomic expectations. In order to generate the expected credit losses, the output of these models is combined with loan level repayment information. The internal risk factors contemplated within the models may include borrowers’ credit scores, loan-to-value, delinquency status, risk ratings, interest rate, loan term, loan age and type of collateral, amongst others. The ACL also includes a qualitative framework that addresses two main components: losses that are expected but not captured within the quantitative modeling framework, and model imprecision. In order to identify potential losses that are not captured through the models, management evaluates model limitations as well as the different risks covered by the variables used in each quantitative model. The Corporation considers additional macroeconomic scenarios to address these risks. This assessment takes into consideration factors listed as part of ASC 326-20-55-4. To complement the analysis, management also evaluates whether there are sectors that have low levels of historical defaults, but current conditions show the potential for future losses. This type of qualitative adjustment is more prevalent in the commercial portfolios. The model imprecision component of the qualitative adjustments is determined after evaluating model performance for these portfolios through different time periods. This type of qualitative adjustment mainly impacts consumer portfolios. The Corporation has designated as collateral dependent loans secured by collateral when foreclosure is probable or when foreclosure is not probable but the practical expedient is used. The practical expedient is used when repayment is expected to be provided substantially by the sale or operation of the collateral and the borrower is experiencing financial difficulty. The ACL of collateral dependent loans is measured based on the fair value of the collateral less costs to sell. The fair value of the collateral is based on appraisals, which may be adjusted due to their age, and the type, location, and condition of the property or area or general market conditions to reflect the expected change in value between the effective date of the appraisal and the measurement date. In the case of troubled debt restructurings (“TDRs”), the established framework captures the impact of concessions through discounting modified contractual cash flows, both principal and interest, at the loan’s original effective rate. The impact of these concessions is combined with the expected credit losses generated by the quantitative loss models in order to arrive at the ACL. As a result, the ACL related to TDRs is impacted by the expected macroeconomic conditions. The Credit Cards portfolio, due to its revolving nature, does not have a specified maturity date. To estimate the average remaining term of this segment, management evaluated the portfolios payment behavior based on internal historical data. These payment behaviors were further classified into sub-categories that accounted for delinquency history and differences between transactors, revolvers and customers that have exhibited mixed transactor/revolver behavior. Transactors are defined as active accounts without any finance charge in the last 6 months. The paydown curves generated for each sub-category are applied to the outstanding exposure at the measurement date using the first-in first-out (FIFO) methodology. These amortization patterns are combined with loan level default and loss severity modeling to arrive at the ACL.
Troubled debt restructuring	Troubled debt restructurings A restructuring constitutes a TDR when the Corporation separately concludes that both of the following conditions exist: 1) the restructuring constitute a concession and 2) the debtor is experiencing financial difficulties. The concessions stem from an agreement between the Corporation and the debtor or are imposed by law or a court. These concessions could include a reduction in the interest rate on the loan, payment extensions, forgiveness of principal, forbearance or other actions intended to maximize collection. A concession has been granted when, as a result of the restructuring, the Corporation does not expect to collect all amounts due, including interest accrued at the original contract rate. If the payment of principal is dependent on the value of collateral, the current value of the collateral is taken into consideration in determining the amount of principal to be collected; therefore, all factors that changed are considered to determine if a concession was granted, including the change in the fair value of the underlying collateral that may be used to repay the loan. Classification of loan modifications as TDRs involves a degree of judgment. Indicators that the debtor is experiencing financial difficulties which are considered include: (i) the borrower is currently in default on any of its debt or it is probable that the borrower would be in payment default on any of its debt in the foreseeable future without the modification; (ii) the borrower has declared or is in the process of declaring bankruptcy; (iii) there is significant doubt as to whether the borrower will continue to be a going concern; (iv) the borrower has securities that have been delisted, are in the process of being delisted, or are under threat of being delisted from an exchange; (v) based on estimates and projections that only encompass the borrower’s current business capabilities, it is forecasted that the entity-specific cash flows will be insufficient to service the debt (both interest and principal) in accordance with the contractual terms of the existing agreement through maturity; and (vi) absent the current modification, the borrower cannot obtain funds from sources other than the existing creditors at an effective interest rate equal to the current market interest rate for similar debt for a non-troubled debtor. The identification of TDRs is critical in the determination of the adequacy of the ACL. A loan may be restructured in a troubled debt restructuring into two (or more) loan agreements, for example, Note A and Note B. Note A represents the portion of the original loan principal amount that is expected to be fully collected along with contractual interest. Note B represents the portion of the original loan that may be considered uncollectible and charged-off, but the obligation is not forgiven to the borrower. Note A may be returned to accrual status provided all of the conditions for a TDR to be returned to accrual status are met. The modified loans are considered TDRs. Refer to Note 9 to the Consolidated Financial Statements for additional qualitative information on TDRs and the Corporation’s determination of the ACL.
Reserve for unfunded commitments	Reserve for unfunded commitments The Corporation establishes a reserve for unfunded commitments, based on the estimated losses over the remaining term of the facility. An allowance is not established for commitments that are unconditionally cancellable by the Corporation. Accordingly, no reserve is established for unfunded commitments related to its credit cards portfolio. Reserve for the unfunded portion of credit commitments is presented within other liabilities in the Consolidated Statements of Financial Condition. Net adjustments to the reserve for unfunded commitments are reflected in the Consolidated Statements of Operations as provision for credit losses for the years ended December 31, 2021 and 2020.
Transfers and servicing of financial assets	Transfers and servicing of financial assets The transfer of an entire financial asset, a group of entire financial assets, or a participating interest in an entire financial asset in which the Corporation surrenders control over the assets is accounted for as a sale if all of the following conditions set forth in ASC Topic 860 are met: (1) the assets must be isolated from creditors of the transferor, (2) the transferee must obtain the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the transferor cannot maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. When the Corporation transfers financial assets and the transfer fails any one of these criteria, the Corporation is prevented from derecognizing the transferred financial assets and the transaction is accounted for as a secured borrowing. For federal and Puerto Rico income tax purposes, the Corporation treats the transfers of loans which do not qualify as “true sales” under the applicable accounting guidance, as sales, recognizing a deferred tax asset or liability on the transaction. For transfers of financial assets that satisfy the conditions to be accounted for as sales, the Corporation derecognizes all assets sold; recognizes all assets obtained and liabilities incurred in consideration as proceeds of the sale, including servicing assets and servicing liabilities, if applicable; initially measures at fair value assets obtained and liabilities incurred in a sale; and recognizes in earnings any gain or loss on the sale. The guidance on transfer of financial assets requires a true sale analysis of the treatment of the transfer under state law as if the Corporation was a debtor under the bankruptcy code. A true sale legal analysis includes several legally relevant factors, such as the nature and level of recourse to the transferor, and the nature of retained interests in the loans sold. The analytical conclusion as to a true sale is never absolute and unconditional, but contains qualifications based on the inherent equitable powers of a bankruptcy court, as well as the unsettled state of the common law. Once the legal isolation test has been met, other factors concerning the nature and extent of the transferor’s control over the transferred assets are taken into account in order to determine whether derecognition of assets is warranted. The Corporation sells mortgage loans to the Government National Mortgage Association (“GNMA”) in the normal course of business and retains the servicing rights. The GNMA programs under which the loans are sold allow the Corporation to repurchase individual delinquent loans that meet certain criteria. At the Corporation’s option, and without GNMA’s prior authorization, the Corporation may repurchase the delinquent loan for an amount equal to 100% of the remaining principal balance of the loan. Once the Corporation has the unconditional ability to repurchase the delinquent loan, the Corporation is deemed to have regained effective control over the loan and recognizes the loan on its balance sheet as well as an offsetting liability, regardless of the Corporation’s intent to repurchase the loan.
Servicing assets	Servicing assets The Corporation periodically sells or securitizes loans while retaining the obligation to perform the servicing of such loans. In addition, the Corporation may purchase or assume the right to service loans originated by others. Whenever the Corporation undertakes an obligation to service a loan, management assesses whether a servicing asset or liability should be recognized. A servicing asset is recognized whenever the compensation for servicing is expected to more than adequately compensate the servicer for performing the servicing. Likewise, a servicing liability would be recognized in the event that servicing fees to be received are not expected to adequately compensate the Corporation for its expected cost. Mortgage servicing assets recorded at fair value are separately presented on the Consolidated Statements of Financial Condition. All separately recognized servicing assets are initially recognized at fair value. For subsequent measurement of servicing rights, the Corporation has elected the fair value method for mortgage loans servicing rights (“MSRs”). Under the fair value measurement method, MSRs are recorded at fair value each reporting period, and changes in fair value are reported in mortgage banking activities in the Consolidated Statement of Operations. Contractual servicing fees including ancillary income and late fees, as well as fair value adjustments, are reported in mortgage banking activities in the Consolidated Statement of Operations. Loan servicing fees, which are based on a percentage of the principal balances of the loans serviced, are credited to income as loan payments are collected. The fair value of servicing rights is estimated by using a cash flow valuation model which calculates the present value of estimated future net servicing cash flows, taking into consideration actual and expected loan prepayment rates, discount rates, servicing costs, and other economic factors, which are determined based on current market conditions.
Premises and equipment	Premises and equipment Premises and equipment are stated at cost less accumulated depreciation and amortization. Depreciation is computed on a straight-line basis over the estimated useful life of each type of asset. Amortization of leasehold improvements is computed over the terms of the respective leases or the estimated useful lives of the improvements, whichever is shorter. Costs of maintenance and repairs which do not improve or extend the life of the respective assets are expensed as incurred. Costs of renewals and betterments are capitalized. When assets are disposed of, their cost and related accumulated depreciation are removed from the accounts and any gain or loss is reflected in earnings as realized or incurred, respectively. The Corporation capitalizes interest cost incurred in the construction of significant real estate projects, which consist primarily of facilities for its own use or intended for lease. The amount of interest cost capitalized is to be an allocation of the interest cost incurred during the period required to substantially complete the asset. The interest rate for capitalization purposes is to be based on a weighted average rate on the Corporation’s outstanding borrowings, unless there is a specific new borrowing associated with the asset. Interest cost capitalized for the years ended December 31, 2021, 2020 and 2019 was not significant. The Corporation recognizes right-of-use assets (“ROU assets”) and lease liabilities relating to operating and finance lease arrangements in its Consolidated Statements of Financial Condition within other assets and other liabilities, respectively. For finance leases, interest is recognized on the lease liability separately from the amortization of the ROU asset, whereas for operating leases a single lease cost is recognized so that the cost of the lease is allocated over the lease term on a straight-line basis. Impairments on ROU assets are evaluated under the guidance for impairment or disposal of long-lived assets. The Corporation recognizes gains on sale and leaseback transactions in earnings when the transfer constitutes a sale, and the transaction was at fair value. Refer to Note 33 to the Consolidated Financial Statements f or additional information on operating and finance lease arrangements.
Impairment of long-lived assets	Impairment of long-lived assets The Corporation evaluates for impairment its long-lived assets to be held and used, and long-lived assets to be disposed of, whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable and records a write down for the difference between the carrying amount and the fair value less costs to sell.
Other real estate	Other real estate Other real estate, received in satisfaction of a loan, is recorded at fair value less estimated costs of disposal. The difference between the carrying amount of the loan and the fair value less cost to sell is recorded as an adjustment to the ACL. Subsequent to foreclosure, any losses in the carrying value arising from periodic re-evaluations of the properties, and any gains or losses on the sale of these properties are credited or charged to expense in the period incurred and are included as OREO expenses. The cost of maintaining and operating such properties is expensed as incurred. Updated appraisals are obtained to adjust the value of the other real estate assets. The frequency depends on the loan type and total credit exposure. The appraisal for a commercial or construction other real estate property with a book value equal to or greater than $1 million is updated annually and if lower than $1 million it is updated every two years. For residential mortgage properties, the Corporation requests appraisals annually. Appraisals may be adjusted due to age, collateral inspections, property profiles, or general market conditions. The adjustments applied are based upon internal information such as other appraisals for the type of properties and/or loss severity information that can provide historical trends in the real estate market and may change from time to time based on market conditions.
Goodwill and other intangible assets	Goodwill and other intangible assets Goodwill is recognized when the purchase price is higher than the fair value of net assets acquired in business combinations under the purchase method of accounting. Goodwill is not amortized but is tested for impairment at least annually or more frequently if events or circumstances indicate possible impairment. If the carrying amount of any of the reporting units exceeds its fair value, the Corporation would be required to record an impairment charge for the difference up to the amount of the goodwill. In determining the fair value of each reporting unit, the Corporation generally uses a combination of methods, including market price multiples of comparable companies and transactions, as well as discounted cash flow analysis. Goodwill impairment losses are recorded as part of operating expenses in the Consolidated Statements of Operations. Other intangible assets deemed to have an indefinite life are not amortized but are tested for impairment using a one-step process which compares the fair value with the carrying amount of the asset. In determining that an intangible asset has an indefinite life, the Corporation considers expected cash inflows and legal, regulatory, contractual, competitive, economic and other factors, which could limit the intangible asset’s useful life. Other identifiable intangible assets with a finite useful life, mainly core deposits, are amortized using various methods over the periods benefited, which range from 5 to 10 years. These intangibles are evaluated periodically for impairment when events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairments on intangible assets with a finite useful life are evaluated under the guidance for impairment or disposal of long-lived assets.
Repurchase And Resale Agreements Policy	Assets sold / purchased under agreements to repurchase / resell Repurchase and resell agreements are treated as collateralized financing transactions and are carried at the amounts at which the assets will be subsequently reacquired or resold as specified in the respective agreements. It is the Corporation’s policy to take possession of securities purchased under agreements to resell. However, the counterparties to such agreements maintain effective control over such securities, and accordingly those securities are not reflected in the Corporation’s Consolidated Statements of Financial Condition. The Corporation monitors the fair value of the underlying securities as compared to the related receivable, including accrued interest. It is the Corporation’s policy to maintain effective control over assets sold under agreements to repurchase; accordingly, such securities continue to be carried on the Consolidated Statements of Financial Condition. The Corporation may require counterparties to deposit additional collateral or return collateral pledged, when appropriate.
Software	Software Capitalized software is stated at cost, less accumulated amortization. Capitalized software includes purchased software and capitalizable application development costs associated with internally-developed software. Amortization, computed on a straight-line method, is charged to operations over the estimated useful life of the software. Capitalized software is included in “Other assets” in the Consolidated Statement of Financial Condition.
Gurantees, including indirect gurantees of indebtness of others	Guarantees, including indirect guarantees of indebtedness to others The estimated losses to be absorbed under the credit recourse arrangements are recorded as a liability when the loans are sold and are updated by accruing or reversing expense (categorized in the line item “Adjustments (expense) to indemnity reserves on loans sold” in the Consolidated Statements of Operations) throughout the life of the loan, as necessary, when additional relevant information becomes available. The recourse liability is estimated using loan level statistical techniques. Internal factors that are evaluated include customer credit scores, refreshed loan-to-values, loan age, and outstanding balance, amongst others. The methodology leverages the expected loss framework for mortgage loans and includes macroeconomic expectations based on a 2-year reasonable and supportable period, gradually reverting over a 1-year horizon to historical macroeconomic variables at the input level. Estimated future defaults, prepayments and loss severity are combined with loan level repayment information in order to estimate lifetime expected losses for this portfolio. The reserve for the estimated losses under the credit recourse arrangements is presented separately within other liabilities in the Consolidated Statements of Financial Condition. Refer to Note 23 to the Consolidated Financial Statements for further disclosures on guarantees.
Treasury stock	Treasury stock Treasury stock is recorded at cost and is carried as a reduction of stockholders’ equity in the Consolidated Statements of Financial Condition. At the date of retirement or subsequent reissue, the treasury stock account is reduced by the cost of such stock. At retirement, the excess of the cost of the treasury stock over its par value is recorded entirely to surplus. At reissuance, the difference between the consideration received upon issuance and the specific cost is charged or credited to surplus.
Income Recognition - Investment banking revenues and commissions	Revenues from contract with customers Refer to Note 32 for a detailed description of the Corporation’s policies on the recognition and presentation of revenues from contract with customers.
Foreign exchange	Foreign exchange Assets and liabilities denominated in foreign currencies are translated to U.S. dollars using prevailing rates of exchange at the end of the period. Revenues, expenses, gains and losses are translated using weighted average rates for the period. The resulting foreign currency translation adjustment from operations for which the functional currency is other than the U.S. dollar is reported in accumulated other comprehensive loss, except for highly inflationary environments in which the effects are included in other operating expenses. The Corporation holds interests in Centro Financiero BHD León, S.A. (“BHD León”) in the Dominican Republic. The business of BHD León is mainly conducted in their country’s foreign currency. The resulting foreign currency translation adjustment from these operations is reported in accumulated other comprehensive loss. Refer to the disclosure of accumulated other comprehensive loss included in Note 22.
Income taxes	Income taxes The Corporation recognizes deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Corporation’s financial statements or tax returns. Deferred income tax assets and liabilities are determined for differences between financial statement and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future. The computation is based on enacted tax laws and rates applicable to periods in which the temporary differences are expected to be recovered or settled. The guidance for income taxes requires a reduction of the carrying amounts of deferred tax assets by a valuation allowance if, based on the available evidence, it is more likely than not (defined as a likelihood of more than 50 percent) that such assets will not be realized. Accordingly, the need to establish valuation allowances for deferred tax assets is assessed periodically by the Corporation based on the more likely than not realization threshold criterion. In the assessment for a valuation allowance, appropriate consideration is given to all positive and negative evidence related to the realization of the deferred tax assets. This assessment considers, among others, all sources of taxable income available to realize the deferred tax asset, including the future reversal of existing temporary differences, the future taxable income exclusive of reversing temporary differences and carryforwards, taxable income in carryback years and tax-planning strategies. In making such assessments, significant weight is given to evidence that can be objectively verified. The valuation of deferred tax assets requires judgment in assessing the likely future tax consequences of events that have been recognized in the Corporation’s financial statements or tax returns and future profitability. The Corporation’s accounting for deferred tax consequences represents management’s best estimate of those future events. Positions taken in the Corporation’s tax returns may be subject to challenge by the taxing authorities upon examination. Uncertain tax positions are initially recognized in the financial statements when it is more likely than not (greater than 50%) that the position will be sustained upon examination by the tax authorities, assuming full knowledge of the position and all relevant facts. The amount of unrecognized tax benefit may increase or decrease in the future for various reasons including adding amounts for current tax year positions, expiration of open income tax returns due to the statute of limitations, changes in management’s judgment about the level of uncertainty, including addition or elimination of uncertain tax positions, status of examinations, litigation, settlements with tax authorities and legislative activity. The Corporation accounts for the taxes collected from customers and remitted to governmental authorities on a net basis (excluded from revenues). Income tax expense or benefit for the year is allocated among continuing operations, discontinued operations, and other comprehensive income, as applicable. The amount allocated to continuing operations is the tax effect of the pre-tax income or loss from continuing operations that occurred during the year, plus or minus income tax effects of (a) changes in circumstances that cause a change in judgment about the realization of deferred tax assets in future years, (b) changes in tax laws or rates, (c) changes in tax status, and (d) tax-deductible dividends paid to shareholders, subject to certain exceptions.
Employees' retirement and other postretirement benefits plans	Employees’ retirement and other postretirement benefit plans Pension costs are computed on the basis of accepted actuarial methods and are charged to current operations. Net pension costs are based on various actuarial assumptions regarding future experience under the plan, which include costs for services rendered during the period, interest costs and return on plan assets, as well as deferral and amortization of certain items such as actuarial gains or losses. The funding policy is to contribute to the plan, as necessary, to provide for services to date and for those expected to be earned in the future. To the extent that these requirements are fully covered by assets in the plan, a contribution may not be made in a particular year. The cost of postretirement benefits, which is determined based on actuarial assumptions and estimates of the costs of providing these benefits in the future, is accrued during the years that the employee renders the required service. The guidance for compensation retirement benefits of ASC Topic 715 requires the recognition of the funded status of each defined pension benefit plan, retiree health care and other postretirement benefit plans on the Consolidated Statements of Financial Condition.
Stock-based compensation	Stock-based compensation The Corporation opted to use the fair value method of recording stock-based compensation as described in the guidance for employee share plans in ASC Subtopic 718-50.
Comprehensive income (loss)	Comprehensive income Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances, except those resulting from investments by owners and distributions to owners. Comprehensive income (loss) is separately presented in the Consolidated Statements of Comprehensive Income.
Net income per common share	Net income per common share Basic income per common share is computed by dividing net income adjusted for preferred stock dividends, including undeclared or unpaid dividends if cumulative, and charges or credits related to the extinguishment of preferred stock or induced conversions of preferred stock, by the weighted average number of common shares outstanding during the year. Diluted income per common share takes into consideration the weighted average common shares adjusted for the effect of stock options, restricted stock, performance shares and warrants, if any, using the treasury stock method.
Statement of cash flow	Statement of cash flows For purposes of reporting cash flows, cash includes cash on hand and amounts due from banks, including restricted cash.

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies
New accounting pronouncements policies	Recently Adopted Accounting Standards Updates Standard Description Date of adoption Effect on the financial statements FASB ASU 2021-06, Presentation of Financial Statements (Topic 205), Financial Services – Depository and Lending (Topic 942), and Financial Services – Investment Companies (Topic 946): Amendments to SEC Paragraphs Pursuant to SEC Financial Rule Releases No. 33-10786, Amendments to Financial Disclosures about Acquired and Disposed Businesses, and No. 33-10835, Update of Statistical Disclosures for Bank and Savings and Loan Registrants The FASB issued ASU 2021-06 in August 2021, which amends certain paragraphs from the ASC in response to the issuance of SEC Final Rules Nos. 33-10786 and 33-10835. August 9, 2021 The adoption of ASU 2021-06 during 2021 resulted in simplified MD&A disclosures. FASB ASU 2020-10, Codification Improvements The FASB issued ASU 2020-10 in October 2020 which moves all disclosures guidance to the appropriate codification section and makes other improvements and technical corrections. December 31, 2021 The Corporation was not impacted by the adoption of ASU 2020-10 during the fourth quarter of 2021. FASB ASU 2020-08, Codification Improvements to Subtopic 310-20 – Receivables – Nonrefundable Fees and Other Costs The FASB issued ASU 2020-08 in October 2020 which clarifies that a reporting entity should assess whether a callable debt security purchased at a premium is within the scope of ASC 310-20-35-33 each reporting period, which impacts the amortization period for nonrefundable fees and other costs. January 1, 2021 The Corporation was not impacted by the adoption of ASU 2020-08 during the first quarter of 2021 since it does not currently hold purchased callable debt securities at a premium. FASB ASU 2020-04, Reference Rate Reform (Topic 848) The FASB issued ASU 2020-04 in March 2020, which provides accounting relief from the impact of the cessation of LIBOR by, among other things, providing optional expedients to treat contract modifications resulting from such reference rate reform as a continuation of the existing contract and for hedging relationships to not be de-designated resulting from such changes provided certain criteria are met. December 31, 2021 The Corporation identified all LIBOR-based contracts that will be impacted by the cessation of LIBOR. It has incorporated fallback language in new contracts and is in the process of completing the modification of existing contracts to include adequate fallback language. The Company has no outstanding hedge accounting relationships tied to LIBOR-based assets or liabilities. Furthermore, the Company stopped originating LIBOR-based contracts in December 2021 so no new exposures will be added prospectively. The election to apply the optional expedients did not have a material impact on the Consolidated Financial Statements. Standard Description Date of adoption Effect on the financial statements FASB ASU 2020-01, Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323 and Topic 815 The FASB issued ASU 2020-01 in January 2020, which clarifies that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting for the purposes of applying the measurement alternative in accordance with Topic 321 and includes scope considerations for entities that hold non-derivative forward contracts and purchased options to acquire equity securities that, upon settlement of the forward contract or exercise of the purchase option, would be accounted for under the equity method of accounting. January 1, 2021 The Corporation was not impacted by the adoption of ASU 2020-01 during the first quarter of 2021 since it does not hold non-derivative forward contracts and purchased options to acquire equity securities that, upon settlement of the forward or exercise of the purchase option, would be accounted for under the equity method of accounting. Notwithstanding, it will consider this guidance for the purposes of applying the measurement alternative in ASC Topic 321 immediately before applying or discontinuing the equity method of accounting. FASB ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes The FASB issued ASU 2019-12 in December 2019, which simplifies the accounting for income taxes by removing certain exceptions such as the incremental approach for intraperiod tax allocation and interim period income tax accounting for year-to-date losses that exceed anticipated losses. In addition, the ASU simplifies GAAP in a number of areas such as when separate financial statements of legal entities are not subject to tax and enacted changes in tax laws in interim periods. January 1, 2021 The Corporation adopted ASU 2019-12 during the first quarter of 2021 but was not materially impacted by the amendments of this ASU. It will consider this guidance for enacted changes in tax laws, subsequent step-ups in the tax basis of goodwill, or ownership changes in investments. FASB ASUs Financial Instruments – Credit Losses (Topic 326) The CECL model applies to financial assets measured at amortized cost that are subject to credit losses and certain off-balance sheet exposures. CECL establishes a forward-looking methodology that reflects the expected credit losses over the lives of financial assets, starting when such assets are first acquired or originated. Under the revised methodology, credit losses are measured based on past events, current conditions and reasonable and supportable forecasts that affect the collectability of financial assets. CECL also revises the approach to recognizing credit losses for available-for-sale securities by replacing the direct write-down approach with the allowance approach and limiting the allowance to the amount at which the security’s fair value is less than the amortized cost. In addition, CECL provides that the initial allowance for credit losses on purchased credit deteriorated (“PCD”) financial assets will be recorded as an increase to the purchase price, with subsequent changes to the allowance recorded as a credit loss expense. The standards also expand credit quality disclosures. These accounting standards updates were effective on January 1, 2020. Prior to the adoption of CECL, the Corporation followed a systematic methodology to establish and evaluate the adequacy of the allowance for credit losses to provide for probable losses in the loan portfolio. As a result of the adoption, the Corporation recorded an increase in its allowance for credit losses related to its loan portfolio of $ 315 million, and a decrease of $ 9 million in the allowance for credit losses for unfunded commitments and credit recourse guarantees which is recorded in Other Liabilities. The Corporation also recognized an allowance for credit losses of approximately $ 13 million related to its held-to-maturity debt securities portfolio. The adoption of CECL was recognized under the modified retrospective approach. Therefore, the adjustments to record the increase in the allowance for credit losses was recorded as a decrease to the opening balance of retained earnings of the year of implementation, net of income taxes, except for approximately $ 17 million related to loans previously accounted under ASC Subtopic 310-30, which resulted in a reclassification between certain contra loan balance accounts to the allowance for credit losses. The total impact to retained earnings, net of tax, related to the adoption of CECL was of $ 205.8 million. As part of the adoption of CECL, the Corporation made the election to break the existing pools of purchased credit impaired (“PCI”) loans and, as such, these loans are no longer excluded from non-performing status. Accounting Standards Updates Not Yet Adopted Standard Description Date of adoption Effect on the financial statements FASB ASU 2021-08, Business Combinations (Topic 805) – Accounting for Contract Assets and Contract Liabilities from Contracts with Customers The FASB issued ASU 2021-08 in October 2021, which amends ASC Topic 805 by requiring contract assets and contract liabilities arising from revenue contracts with customers to be recognized in accordance with ASC Topic 606 on the acquisition date instead of fair value. January 1, 2023 Upon adoption of this ASU, the Corporation will consider this guidance for revenue contracts with customers recognized as part of business combinations entered into on or after the effective date. FASB ASU 2021-05, Leases (Topic 842), Lessors – Certain Leases with Variable Lease Payments The FASB issued ASU 2021-05 in July 2021, which amends ASC Topic 842 so that lessors can classify as operating leases those leases with variable lease payments that, prior to these amendments, would have been classified as a sales-type or direct financing lease and at inception a loss would have been recognized. January 1, 2022 The Corporation does not expect to be impacted by the adoption of this ASU since it does not hold direct financing leases with variable lease payments. FASB ASU 2021-04, Earnings per Share (Topic 260), Debt – Modifications and Extinguishments (Subtopic 470-50), Compensation – Stock Compensation (Topic 718), and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Issuer’s Accounting for Certain Modifications or Exchanges of Freestanding Equity-Classified Written Call Options (a consensus of the FASB Emerging Issues Task Force) The FASB issued ASU 2021-04 in May 2021, which clarifies the accounting for a modification or an exchange of a freestanding equity-classified written call option that remains equity classified after a modification or exchange and the related EPS effects of such transaction if recognized as an adjustment to equity. January 1, 2022 Upon adoption of this ASU, the Corporation will consider this guidance for modifications or exchanges of freestanding equity-classified written call options. FASB ASU 2020-06, Debt – Debt with Conversion and other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity The FASB issued ASU 2020-06 in August 2020 which, among other things, simplifies the accounting for convertible instruments and contracts in an entity’s own equity and amends the diluted EPS computation for these instruments. January 1, 2022 Upon adoption of this standard, the Corporation will consider these amendments in its evaluation of contracts in its own equity, including accelerated share repurchase transactions.

Derivative instruments and he_2

Derivative instruments and hedging activities (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies
Derivatives, Offsetting Fair Value Amounts, Policy	Pursuant to the Corporation’s accounting policy, the fair value of derivatives is not offset with the fair value of other derivatives held with the same counterparty even if these agreements allow a right of set-off. In addition, the fair value of derivatives is not offset with the amounts for the right to reclaim financial collateral or the obligation to return financial collateral.

Fair Value Measurement (Policie

Fair Value Measurement (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies
Fair value measurement policy	ASC Subtopic 820-10 “Fair Value Measurements and Disclosures” establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels in order to increase consistency and comparability in fair value measurements and disclosures. The hierarchy is broken down into three levels based on the reliability of inputs as follows:  Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Corporation has the ability to access at the measurement date. Valuation on these instruments does not necessitate a significant degree of judgment since valuations are based on quoted prices that are readily available in an active market.  Level 2 - Quoted prices other than those included in Level 1 that are observable either directly or indirectly. Level 2 inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, or other inputs that are observable or that can be corroborated by observable market data for substantially the full term of the financial instrument.  Level 3 - Inputs are unobservable and significant to the fair value measurement. Unobservable inputs reflect the Corporation’s own judgements about assumptions that market participants would use in pricing the asset or liability. The Corporation maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the observable inputs be used when available. Fair value is based upon quoted market prices when available. If listed prices or quotes are not available, the Corporation employs internally-developed models that primarily use market-based inputs including yield curves, interest rates, volatilities, and credit curves, among others. Valuation adjustments are limited to those necessary to ensure that the financial instrument’s fair value is adequately representative of the price that would be received or paid in the marketplace. These adjustments include amounts that reflect counterparty credit quality, the Corporation’s credit standing, constraints on liquidity and unobservable parameters that are applied consistently. The estimated fair value may be subjective in nature and may involve uncertainties and matters of significant judgment for certain financial instruments. Changes in the underlying assumptions used in calculating fair value could significantly affect the results.

Revenue from contracts with cus

Revenue from contracts with customers (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies
Revenue recognition	Revenue from contracts with customers is recognized when, or as, the performance obligations are satisfied by the Corporation by transferring the promised services to the customers. A service is transferred to the customer when, or as, the customer obtains control of that service. A performance obligation may be satisfied over time or at a point in time. Revenue from a performance obligation satisfied over time is recognized based on the services that have been rendered to date. Revenue from a performance obligation satisfied at a point in time is recognized when the customer obtains control over the service. The transaction price, or the amount of revenue recognized, reflects the consideration the Corporation expects to be entitled to in exchange for those promised services. In determining the transaction price, the Corporation considers the effects of variable consideration. Variable consideration is included in the transaction price only to the extent it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur. The Corporation is the principal in a transaction if it obtains control of the specified goods or services before they are transferred to the customer. If the Corporation acts as principal, revenues are presented in the gross amount of consideration to which it expects to be entitled and are not netted with any related expenses. On the other hand, the Corporation is an agent if it does not control the specified goods or services before they are transferred to the customer. If the Corporation acts as an agent, revenues are presented in the amount of consideration to which it expects to be entitled, net of related expenses. Following is a description of the nature and timing of revenue streams from contracts with customers: Service charges on deposit accounts Service charges on deposit accounts are earned on retail and commercial deposit activities and include, but are not limited to, nonsufficient fund fees, overdraft fees and checks stop payment fees. These transaction-based fees are recognized at a point in time, upon occurrence of an activity or event or upon the occurrence of a condition which triggers the fee assessment. The Corporation is acting as principal in these transactions. Debit card fees Debit card fees include, but are not limited to, interchange fees, surcharging income and foreign transaction fees. These transaction-based fees are recognized at a point in time, upon occurrence of an activity or event or upon the occurrence of a condition which triggers the fee assessment. Interchange fees are recognized upon settlement of the debit card payment transactions. The Corporation is acting as principal in these transactions. Insurance fees Insurance fees include, but are not limited to, commissions and contingent commissions. Commissions and fees are recognized when related policies are effective since the Corporation does not have an enforceable right to payment for services completed to date. An allowance is created for expected adjustments to commissions earned related to policy cancellations. Contingent commissions are recorded on an accrual basis when the amount to be received is notified by the insurance company. The Corporation is acting as an agent since it arranges for the sale of the policies and receives commissions if, and when, it achieves the sale. Credit card fees Credit card fees include, but are not limited to, interchange fees, additional card fees, cash advance fees, balance transfer fees, foreign transaction fees, and returned payments fees. Credit card fees are recognized at a point in time, upon the occurrence of an activity or an event. Interchange fees are recognized upon settlement of the credit card payment transactions. The Corporation is acting as principal in these transactions. Sale and administration of investment products Fees from the sale and administration of investment products include, but are not limited to, commission income from the sale of investment products, asset management fees, underwriting fees, and mutual fund fees. Commission income from investment products is recognized on the trade date since clearing, trade execution, and custody services are satisfied when the customer acquires or disposes of the rights to obtain the economic benefits of the investment products and brokerage contracts have no fixed duration and are terminable at will by either party. The Corporation is acting as principal in these transactions since it performs the service of providing the customer with the ability to acquire or dispose of the rights to obtain the economic benefits of investment products. Asset management fees are satisfied over time and are recognized in arrears. At contract inception, the estimate of the asset management fee is constrained from the inclusion in the transaction price since the promised consideration is dependent on the market and thus is highly susceptible to factors outside the manager’s influence. As advisor, the broker-dealer subsidiary is acting as principal. Underwriting fees are recognized at a point in time, when the investment products are sold in the open market at a markup. When the broker-dealer subsidiary is lead underwriter, it is acting as an agent. In turn, when it is a participating underwriter, it is acting as principal. Mutual fund fees, such as distribution fees, are considered variable consideration and are recognized over time, as the uncertainty of the fees to be received is resolved as NAV is determined and investor activity occurs. The promise to provide distribution-related services is considered a single performance obligation as it requires the provision of a series of distinct services that are substantially the same and have the same pattern of transfer. When the broker-dealer subsidiary is acting as a distributor, it is acting as principal. In turn, when it acts as third-party dealer, it is acting as an agent. Trust fees Trust fees are recognized from retirement plan, mutual fund administration, investment management, trustee, escrow, and custody and safekeeping services. These asset management services are considered a single performance obligation as it requires the provision of a series of distinct services that are substantially the same and have the same pattern of transfer. The performance obligation is satisfied over time, except for optional services and certain other services that are satisfied at a point in time. Revenues are recognized in arrears, when, or as, the services are rendered. The Corporation is acting as principal since, as asset manager, it has the obligation to provide the specified service to the customer and has the ultimate discretion in establishing the fee paid by the customer for the specified services.

Business Combinations (Table)

Business Combinations (Table)	12 Months Ended
	Dec. 31, 2021
Business Combinations [Abstract]
Fair value of identifiable assets acquired and liabilities assumed	The following table presents the fair values of the consideration and major classes of identifiable assets acquired and liabilities assumed by PEF as of October 15, 2021. Book value prior to purchase accounting Fair value As recorded by (In thousands) adjustments adjustments Popular, Inc. Cash consideration $ 156,628 $ - $ 156,628 Contingent consideration - 9,241 9,241 Total consideration $ 156,628 $ 9,241 $ 165,869 Assets: Cash and due from banks $ 800 $ - $ 800 Commercial loans 118,907 ( 3,332) 115,575 Premises and equipment 6,987 2,009 8,996 Accrued income receivable 57 - 57 Other assets 2,822 - 2,822 Other intangible assets - 2,887 2,887 Total assets $ 129,573 $ 1,564 $ 131,137 Liabilities: Other liabilities 14,439 - 14,439 Total liabilities $ 14,439 $ - $ 14,439 Net assets acquired $ 115,134 $ 1,564 $ 116,698 Goodwill on acquisition $ 49,171

Debt securities available-for_2

Debt securities available-for-sale (Tables)	12 Months Ended
	Dec. 31, 2021
Investments [Abstract]
Debt Securities, Available-For-Sale	At December 31, 2021 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 1,225,558 $ 13,556 $ 69 $ 1,239,045 2.33 % After 1 to 5 years 10,059,163 98,808 65,186 10,092,785 1.18 After 5 to 10 years 4,563,265 739 36,804 4,527,200 1.22 Total U.S. Treasury securities 15,847,986 113,103 102,059 15,859,030 1.27 Obligations of U.S. Government sponsored entities Within 1 year 70 - - 70 5.63 Total obligations of U.S. Government sponsored entities 70 - - 70 5.63 Collateralized mortgage obligations - federal agencies After 1 to 5 years 2,433 42 - 2,475 2.16 After 5 to 10 years 43,241 295 6 43,530 1.54 After 10 years 172,176 3,441 357 175,260 2.13 Total collateralized mortgage obligations - federal agencies 217,850 3,778 363 221,265 2.01 Mortgage-backed securities Within 1 year 11 1 - 12 4.79 After 1 to 5 years 65,749 2,380 11 68,118 2.23 After 5 to 10 years 665,600 17,998 5 683,593 1.97 After 10 years 8,263,835 68,128 195,910 8,136,053 1.67 Total mortgage-backed securities 8,995,195 88,507 195,926 8,887,776 1.69 Other After 1 to 5 years 123 5 - 128 3.62 Total other 123 5 - 128 3.62 Total debt securities available-for-sale [1] $ 25,061,224 $ 205,393 $ 298,348 $ 24,968,269 1.42 % [1] Includes $ 22.0 billion pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $ 20.9 billion serve as collateral for public funds. At December 31, 2020 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 4,900,055 $ 16,479 $ - $ 4,916,534 0.69 % After 1 to 5 years 5,007,223 259,399 - 5,266,622 2.05 After 5 to 10 years 567,367 37,517 - 604,884 1.68 Total U.S. Treasury securities 10,474,645 313,395 - 10,788,040 1.40 Obligations of U.S. Government sponsored entities Within 1 year 59,993 101 - 60,094 1.46 After 1 to 5 years 90 - - 90 5.64 Total obligations of U.S. Government sponsored entities 60,083 101 - 60,184 1.47 Collateralized mortgage obligations - federal agencies After 1 to 5 years 1,388 14 - 1,402 2.97 After 5 to 10 years 61,229 1,050 - 62,279 1.56 After 10 years 318,292 10,202 43 328,451 2.04 Total collateralized mortgage obligations - federal agencies 380,909 11,266 43 392,132 1.97 Mortgage-backed securities Within 1 year 5,616 56 - 5,672 2.83 After 1 to 5 years 50,393 1,735 - 52,128 2.35 After 5 to 10 years 454,880 20,022 6 474,896 1.91 After 10 years 9,608,860 180,844 1,839 9,787,865 1.94 Total mortgage-backed securities 10,119,749 202,657 1,845 10,320,561 1.94 Other After 1 to 5 years 224 11 - 235 3.62 Total other 224 11 - 235 3.62 Total debt securities available-for-sale [1] $ 21,035,610 $ 527,430 $ 1,888 $ 21,561,152 1.66 % [1] Includes $ 18.2 billion pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $ 16.9 billion serve as collateral for public funds.
Schedule Of Aggregate Amortized Cost And Fair Value Of Afs By Contractual Maturity	(In thousands) Amortized cost Fair value Within 1 year $ 1,225,639 $ 1,239,127 After 1 to 5 years 10,127,468 10,163,506 After 5 to 10 years 5,272,106 5,254,323 After 10 years 8,436,011 8,311,313 Total debt securities available-for-sale $ 25,061,224 $ 24,968,269
Schedule Of Realized Gain Loss	(In thousands) 2021 2020 2019 Gross realized gains $ 695 $ 41 $ - Gross realized losses ( 672) - ( 20) Net realized gains (losses) on sale of debt securities available-for-sale $ 23 $ 41 $ ( 20)
Debt Securities Available For Sale Unrealized Loss Position Fair Value	At December 31, 2021 Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Fair unrealized Fair unrealized (In thousands) value losses value losses value losses U.S. Treasury securities $ 9,590,448 $ 102,059 $ - $ - $ 9,590,448 $ 102,059 Collateralized mortgage obligations - federal agencies 35,533 334 1,084 29 36,617 363 Mortgage-backed securities 5,767,556 170,614 595,051 25,312 6,362,607 195,926 Total debt securities available-for-sale in an unrealized loss position $ 15,393,537 $ 273,007 $ 596,135 $ 25,341 $ 15,989,672 $ 298,348 At December 31, 2020 Less than 12 months 12 months or more Total Gross Gross Gross Fair unrealized Fair unrealized Fair unrealized (In thousands) value losses value losses value losses Collateralized mortgage obligations - federal agencies $ 4,029 $ 43 $ - $ - $ 4,029 $ 43 Mortgage-backed securities 886,432 1,834 555 11 886,987 1,845 Total debt securities available-for-sale in an unrealized loss position $ 890,461 $ 1,877 $ 555 $ 11 $ 891,016 $ 1,888
Schedule of securities aggregate amortized cost exceed 10 percent of stockholders equity	2021 2020 (In thousands) Amortized cost Fair value Amortized cost Fair value FNMA $ 1,533,637 $ 1,587,127 $ 2,242,121 $ 2,338,897 Freddie Mac 3,228,543 3,176,197 3,616,238 3,675,679

Debt securities held-to-matur_2

Debt securities held-to-maturity (Tables)	12 Months Ended
	Dec. 31, 2021
Investments [Abstract]
Debt Securities, Held-to-maturity	At December 31, 2021 Allowance Gross Gross Weighted Amortized for Credit Net of unrealized unrealized Fair average (In thousands) cost Losses Allowance gains losses value yield Obligations of Puerto Rico, States and political subdivisions Within 1 year $ 4,240 $ 7 $ 4,233 $ 4 $ - $ 4,237 6.07 % After 1 to 5 years 14,395 148 14,247 149 - 14,396 6.23 After 5 to 10 years 11,280 122 11,158 104 - 11,262 2.18 After 10 years 43,561 7,819 35,742 11,746 - 47,488 1.50 Total obligations of Puerto Rico, States and political subdivisions 73,476 8,096 65,380 12,003 - 77,383 2.79 Collateralized mortgage obligations - federal agencies After 1 to 5 years 25 - 25 - - 25 6.44 Total collateralized mortgage obligations - federal agencies 25 - 25 - - 25 6.44 Securities in wholly owned statutory business trusts After 10 years 5,960 - 5,960 - - 5,960 6.33 Total securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 6.33 Total debt securities held-to-maturity $ 79,461 $ 8,096 $ 71,365 $ 12,003 $ - $ 83,368 3.06 % At December 31, 2020 Allowance Gross Gross Weighted Amortized for Credit Net of unrealized unrealized Fair average (In thousands) cost Losses Allowance gains losses value yield Obligations of Puerto Rico, States and political subdivisions Within 1 year $ 3,990 $ 50 $ 3,940 $ 47 $ - $ 3,987 6.05 % After 1 to 5 years 16,030 710 15,320 710 - 16,030 6.16 After 5 to 10 years 14,845 573 14,272 295 23 14,544 2.77 After 10 years 46,164 8,928 37,236 11,501 - 48,737 1.58 Total obligations of Puerto Rico, States and political subdivisions 81,029 10,261 70,768 12,553 23 83,298 2.93 Collateralized mortgage obligations - federal agencies After 1 to 5 years 31 - 31 1 - 32 6.44 Total collateralized mortgage obligations - federal agencies 31 - 31 1 - 32 6.44 Securities in wholly owned statutory business trusts After 10 years 11,561 - 11,561 - - 11,561 6.51 Total securities in wholly owned statutory business trusts 11,561 - 11,561 - - 11,561 6.51 Total debt securities held-to-maturity $ 92,621 $ 10,261 $ 82,360 $ 12,554 $ 23 $ 94,891 3.38 %
Schedule Of Aggregate Amortized Cost And Fair Value Of HTMs By Contractual Maturity	(In thousands) Amortized cost Fair value Within 1 year $ 4,240 $ 4,237 After 1 to 5 years 14,420 14,421 After 5 to 10 years 11,280 11,262 After 10 years 49,521 53,448 Total debt securities held-to-maturity $ 79,461 $ 83,368
Debt securities held to maturity credit quality indicator	At December 31, 2021 At December 31, 2020 (In thousands) Securities issued by Puerto Rico municipalities Watch $ 16,345 $ 35,315 Pass 13,800 - Total $ 30,145 $ 35,315
Debt securities held to maturity allowance for credit loss	For the year ended December 31, 2021 2020 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 10,261 $ - Impact of adopting CECL - 12,654 Provision for credit losses (benefit) ( 2,165) ( 2,393) Securities charged-off - - Recoveries - - Ending balance $ 8,096 $ 10,261

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable
Purchased Financial Assets With Credit Deterioration	Purchased Credit Deteriorated (PCD) Loans The Corporation has purchased loans during the year for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of those loans is as follows: (In thousands) December 31, 2021 December 31, 2020 Purchase price of loans at acquisition $ 10,995 $ 152,667 Allowance for credit losses at acquisition 3,142 7,512 Non-credit discount / (premium) at acquisition 446 ( 6,542) Par value of acquired loans at acquisition $ 14,583 $ 153,637
Net Financing Leases [Table Text Block]	(In thousands) 2021 2020 Total minimum lease payments $ 1,190,545 $ 957,367 Estimated residual value of leased property 518,670 419,024 Deferred origination costs, net of fees 21,474 18,141 Less - Unearned financing income 257,738 196,788 Net minimum lease payments 1,472,951 1,197,744 Less - Allowance for credit losses 18,581 16,863 Net minimum lease payments, net of allowance for credit losses $ 1,454,370 $ 1,180,881
Sales-type and Direct Financing Leases, Lease Receivable, Maturity [Table Text Block]	At December 31, 2021, future minimum lease payments are expected to be received as follows: (In thousands) 2022 $ 106,927 2023 123,654 2024 181,405 2025 216,577 2026 369,592 2027 and thereafter 192,390 Total $ 1,190,545
Loans Held in Portfolio
Accounts, Notes, Loans and Financing Receivable
Past due financing receivables	The following tables present the amortized cost basis of loans held-in-portfolio (“HIP”), net of unearned income, by past due status, and by loan class including those that are in non-performing status or that are accruing interest but are past due 90 days or more at December 31, 2021 and 2020. December 31, 2021 Puerto Rico Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 314 $ - $ 272 $ 586 $ 154,183 $ 154,769 $ 272 $ - Commercial real estate: Non-owner occupied 2,399 136 20,716 23,251 2,266,672 2,289,923 20,716 - Owner occupied 3,329 278 54,335 57,942 1,365,787 1,423,729 54,335 - Commercial and industrial 3,438 1,727 45,242 50,407 3,478,041 3,528,448 44,724 518 Construction - - 485 485 86,626 87,111 485 - Mortgage 217,830 81,754 805,245 1,104,829 5,147,037 6,251,866 333,887 471,358 Leasing 9,240 2,037 3,102 14,379 1,366,940 1,381,319 3,102 - Consumer: Credit cards 5,768 3,520 8,577 17,865 901,986 919,851 - 8,577 Home equity lines of credit 46 - 23 69 3,502 3,571 - 23 Personal 10,027 6,072 21,235 37,334 1,250,726 1,288,060 21,235 - Auto 59,128 15,019 23,085 97,232 3,314,955 3,412,187 23,085 - Other 432 714 12,621 13,767 110,781 124,548 12,448 173 Total $ 311,951 $ 111,257 $ 994,938 $ 1,418,146 $ 19,447,236 $ 20,865,382 $ 514,289 $ 480,649 December 31, 2021 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 3,826 $ - $ - $ 3,826 $ 1,804,035 $ 1,807,861 $ - $ - Commercial real estate: Non-owner occupied 5,721 683 622 7,026 2,316,441 2,323,467 622 - Owner occupied 1,095 - 1,013 2,108 392,265 394,373 1,013 - Commercial and industrial 9,410 2,680 4,015 16,105 1,794,026 1,810,131 3,897 118 Construction - - - - 629,109 629,109 - - Mortgage 11,711 2,573 21,969 36,253 1,139,077 1,175,330 21,969 - Consumer: Credit cards - - - - 10 10 - - Home equity lines of credit 71 34 5,406 5,511 69,780 75,291 5,406 - Personal 863 574 681 2,118 152,827 154,945 681 - Other - - - - 4,658 4,658 - - Total $ 32,697 $ 6,544 $ 33,706 $ 72,947 $ 8,302,228 $ 8,375,175 $ 33,588 $ 118 December 31, 2021 Popular, Inc. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP [2] [3] loans loans Commercial multi-family $ 4,140 $ - $ 272 $ 4,412 $ 1,958,218 $ 1,962,630 $ 272 $ - Commercial real estate: Non-owner occupied 8,120 819 21,338 30,277 4,583,113 4,613,390 21,338 - Owner occupied 4,424 278 55,348 60,050 1,758,052 1,818,102 55,348 - Commercial and industrial 12,848 4,407 49,257 66,512 5,272,067 5,338,579 48,621 636 Construction - - 485 485 715,735 716,220 485 - Mortgage [1] 229,541 84,327 827,214 1,141,082 6,286,114 7,427,196 355,856 471,358 Leasing 9,240 2,037 3,102 14,379 1,366,940 1,381,319 3,102 - Consumer: Credit cards 5,768 3,520 8,577 17,865 901,996 919,861 - 8,577 Home equity lines of credit 117 34 5,429 5,580 73,282 78,862 5,406 23 Personal 10,890 6,646 21,916 39,452 1,403,553 1,443,005 21,916 - Auto 59,128 15,019 23,085 97,232 3,314,955 3,412,187 23,085 - Other 432 714 12,621 13,767 115,439 129,206 12,448 173 Total $ 344,648 $ 117,801 $ 1,028,644 $ 1,491,093 $ 27,749,464 $ 29,240,557 $ 547,877 $ 480,767 [1] It is the Corporation’s policy to report delinquent residential mortgage loans insured by Federal Housing Administration (“FHA”) or guaranteed by the U.S. Department of Veterans Affairs (“VA”) as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured. The balance of these loans includes $ 13 million at December 31, 2021 related to the rebooking of loans previously pooled into GNMA securities, in which the Corporation had a buy-back option as further described below. Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to repurchases option are required to be reflected (rebooked) on the financial statements of BPPR with an offsetting liability. These balances include $ 304 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of December 31, 2021. Furthermore, the Corporation has approximately $ 50 million in reverse mortgage loans which are guaranteed by FHA, but which are currently not accruing interest. Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets. [2] Loans held-in-portfolio are net of $ 266 million in unearned income and exclude $ 59 million in loans held-for-sale. [3] Includes $ 6.6 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 3.2 billion were pledged at the Federal Home Loan Bank ("FHLB") as collateral for borrowings and $ 1.7 billion at the Federal Reserve Bank ("FRB") for discount window borrowings and $ 1.7 billion serve as collateral for public funds. December 31, 2020 Puerto Rico Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 796 $ - $ 505 $ 1,301 $ 150,979 $ 152,280 $ 505 $ - Commercial real estate: Non-owner occupied 2,189 3,503 77,137 82,829 1,924,504 2,007,333 77,137 - Owner occupied 8,270 1,218 92,001 101,489 1,497,406 1,598,895 92,001 - Commercial and industrial 10,223 775 35,012 46,010 4,183,098 4,229,108 34,449 563 Construction - - 21,497 21,497 135,609 157,106 21,497 - Mortgage [1] 195,602 87,726 1,428,824 1,712,152 5,057,991 6,770,143 414,343 1,014,481 Leasing 9,141 1,427 3,441 14,009 1,183,652 1,197,661 3,441 - Consumer: Credit cards 6,550 4,619 12,798 23,967 895,968 919,935 - 12,798 Home equity lines of credit 184 - 48 232 3,947 4,179 - 48 Personal 11,255 8,097 26,387 45,739 1,232,008 1,277,747 26,387 - Auto 53,186 12,696 15,736 81,618 3,050,610 3,132,228 15,736 - Other 304 483 15,052 15,839 110,826 126,665 14,881 171 Total $ 297,700 $ 120,544 $ 1,728,438 $ 2,146,682 $ 19,426,598 $ 21,573,280 $ 700,377 $ 1,028,061 [1] It is the Corporation’s policy to report delinquent residential mortgage loans insured by FHA or guaranteed by the VA as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured. These include $ 57 million in loans rebooked under the GNMA program at December 31, 2020, in which issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. December 31, 2020 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP loans loans Commercial multi-family $ 5,273 $ - $ 1,894 $ 7,167 $ 1,736,544 $ 1,743,711 $ 1,894 $ - Commercial real estate: Non-owner occupied 924 3,640 669 5,233 1,988,577 1,993,810 669 - Owner occupied 191 650 334 1,175 343,205 344,380 334 - Commercial and industrial 1,117 72 3,091 4,280 1,540,513 1,544,793 3,091 - Construction 21,312 - 7,560 28,872 740,230 769,102 7,560 - Mortgage 33,422 15,464 14,864 63,750 1,056,787 1,120,537 14,864 - Consumer: Credit cards - - 3 3 28 31 - 3 Home equity lines of credit 236 342 7,491 8,069 86,502 94,571 7,491 - Personal 1,486 1,342 1,474 4,302 194,936 199,238 1,474 - Other - - 20 20 1,723 1,743 20 - Total $ 63,961 $ 21,510 $ 37,400 $ 122,871 $ 7,689,045 $ 7,811,916 $ 37,397 $ 3 December 31, 2020 Popular, Inc. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) days days or more past due Current Loans HIP [2] [3] loans loans Commercial multi-family $ 6,069 $ - $ 2,399 $ 8,468 $ 1,887,523 $ 1,895,991 $ 2,399 $ - Commercial real estate: Non-owner occupied 3,113 7,143 77,806 88,062 3,913,081 4,001,143 77,806 - Owner occupied 8,461 1,868 92,335 102,664 1,840,611 1,943,275 92,335 - Commercial and industrial 11,340 847 38,103 50,290 5,723,611 5,773,901 37,540 563 Construction 21,312 - 29,057 50,369 875,839 926,208 29,057 - Mortgage [1] 229,024 103,190 1,443,688 1,775,902 6,114,778 7,890,680 429,207 1,014,481 Leasing 9,141 1,427 3,441 14,009 1,183,652 1,197,661 3,441 - Consumer: Credit cards 6,550 4,619 12,801 23,970 895,996 919,966 - 12,801 Home equity lines of credit 420 342 7,539 8,301 90,449 98,750 7,491 48 Personal 12,741 9,439 27,861 50,041 1,426,944 1,476,985 27,861 - Auto 53,186 12,696 15,736 81,618 3,050,610 3,132,228 15,736 - Other 304 483 15,072 15,859 112,549 128,408 14,901 171 Total $ 361,661 $ 142,054 $ 1,765,838 $ 2,269,553 $ 27,115,643 $ 29,385,196 $ 737,774 $ 1,028,064 [1] It is the Corporation’s policy to report delinquent residential mortgage loans insured by FHA or guaranteed by the VA as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured. The balance of these loans includes $ 57 million at December 31, 2020 related to the rebooking of loans previously pooled into GNMA securities, in which the Corporation had a buy-back option as further described below. Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to repurchases option are required to be reflected (rebooked) on the financial statements of BPPR with an offsetting liability. These balances include $ 329 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of December 31, 2020. Furthermore, the Corporation has approximately $ 60 million in reverse mortgage loans which are guaranteed by FHA, but which are currently not accruing interest. Due to the guaranteed nature of the loans, it is the Corporation’s policy to exclude these balances from non-performing assets. [2] Loans held-in-portfolio are net of $ 203 million in unearned income and exclude $ 99 million in loans held-for-sale. [3] Includes $ 6.5 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 4.1 billion were pledged at the FHLB as collateral for borrowings and $ 2.4 billion at the FRB for discount window borrowings.
Financing receivable non accrual status	December 31, 2021 Puerto Rico Popular U.S. Popular, Inc. (In thousands) Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Commercial multi-family $ - $ 272 $ - $ - $ - $ 272 Commercial real estate non-owner occupied 15,819 4,897 - 622 15,819 5,519 Commercial real estate owner occupied 13,491 40,844 - 1,013 13,491 41,857 Commercial and industrial 30,177 14,547 - 3,897 30,177 18,444 Construction - 485 - - - 485 Mortgage 169,827 164,060 29 21,940 169,856 186,000 Leasing 276 2,826 - - 276 2,826 Consumer: HELOCs - - - 5,406 - 5,406 Personal 6,279 14,956 81 600 6,360 15,556 Auto 879 22,206 - - 879 22,206 Other - 12,448 - - - 12,448 Total $ 236,748 $ 277,541 $ 110 $ 33,478 $ 236,858 $ 311,019 December 31, 2020 Puerto Rico Popular U.S. Popular, Inc. (In thousands) Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Commercial multi-family $ - $ 505 $ - $ 1,894 $ - $ 2,399 Commercial real estate non-owner occupied 35,968 41,169 - 669 35,968 41,838 Commercial real estate owner occupied 14,825 77,176 - 334 14,825 77,510 Commercial and industrial 1,148 33,301 - 3,091 1,148 36,392 Construction - 21,497 - 7,560 - 29,057 Mortgage 141,737 272,606 517 14,347 142,254 286,953 Leasing - 3,441 - - - 3,441 Consumer: HELOCs - - - 7,491 - 7,491 Personal 9,265 17,122 - 1,474 9,265 18,596 Auto - 15,736 - - - 15,736 Other - 14,881 - 20 - 14,901 Total $ 202,943 $ 497,434 $ 517 $ 36,880 $ 203,460 $ 534,314
Collateral dependent financial assets	December 31, 2021 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total Puerto Rico Commercial multi-family $ 1,374 $ - $ - $ - $ - $ 1,374 Commercial real estate: Non-owner occupied 211,026 - - - - 211,026 Owner occupied 47,268 - - - - 47,268 Commercial and industrial 2,650 - 680 10,675 27,893 41,898 Mortgage 179,774 - - - - 179,774 Leasing - 574 - - - 574 Consumer: Personal 6,165 - - - - 6,165 Auto - 8,983 - - - 8,983 Total Puerto Rico $ 448,257 $ 9,557 $ 680 $ 10,675 $ 27,893 $ 497,062 Popular U.S. Mortgage 926 - - - - 926 Total Popular U.S. $ 926 $ - $ - $ - $ - $ 926 Popular, Inc. Commercial multi-family $ 1,374 $ - $ - $ - $ - $ 1,374 Commercial real estate: Non-owner occupied 211,026 - - - - 211,026 Owner occupied 47,268 - - - - 47,268 Commercial and industrial 2,650 - 680 10,675 27,893 41,898 Mortgage 180,700 - - - - 180,700 Leasing - 574 - - - 574 Consumer: Personal 6,165 - - - - 6,165 Auto - 8,983 - - - 8,983 Total Popular, Inc. $ 449,183 $ 9,557 $ 680 $ 10,675 $ 27,893 $ 497,988 December 31, 2020 (In thousands) Real Estate Auto Equipment Taxi Medallions Accounts Receivables Other Total Puerto Rico Commercial multi-family $ 1,301 $ - $ - $ - $ - $ - $ 1,301 Commercial real estate: Non-owner occupied 299,223 - - - - - 299,223 Owner occupied 79,769 - - - - - 79,769 Commercial and industrial 7,577 - 1,438 - 10,989 12,046 32,050 Construction 21,497 - - - - - 21,497 Mortgage 181,648 - - - - - 181,648 Consumer: Personal 7,414 - - - - - 7,414 Auto - 4 - - - - 4 Total Puerto Rico $ 598,429 $ 4 $ 1,438 $ - $ 10,989 $ 12,046 $ 622,906 Popular U.S. Commercial multi-family $ 1,755 $ - $ - $ - $ - $ - $ 1,755 Commercial and industrial - - - 1,545 - - 1,545 Construction 7,560 - - - - - 7,560 Mortgage 855 - - - - - 855 Total Popular U.S. $ 10,170 $ - $ - $ 1,545 $ - $ - $ 11,715 Popular, Inc. Commercial multi-family $ 3,056 $ - $ - $ - $ - $ - $ 3,056 Commercial real estate: Non-owner occupied 299,223 - - - - - 299,223 Owner occupied 79,769 - - - - - 79,769 Commercial and industrial 7,577 - 1,438 1,545 10,989 12,046 33,595 Construction 29,057 - - - - - 29,057 Mortgage 182,503 - - - - - 182,503 Consumer: Personal 7,414 - - - - - 7,414 Auto - 4 - - - - 4 Total Popular, Inc. $ 608,599 $ 4 $ 1,438 $ 1,545 $ 10,989 $ 12,046 $ 634,621

Allowance for credit losses -_2

Allowance for credit losses - loans held-in-portfolio (Tables)	12 Months Ended
	Dec. 31, 2021
Allowance for credit losses on financing receivables	For the year ended December 31, 2021 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 225,323 $ 4,871 $ 195,557 $ 16,863 $ 297,136 $ 739,750 Provision for credit losses (benefit) ( 91,695) ( 1,533) ( 57,684) 2,094 19,800 ( 129,018) Initial allowance for credit losses - PCD Loans - - 3,142 - - 3,142 Charge-offs ( 17,180) ( 6,620) ( 17,656) ( 4,637) ( 78,047) ( 124,140) Recoveries 35,480 4,923 14,927 3,258 45,840 104,428 Ending balance - loans $ 151,928 $ 1,641 $ 138,286 $ 17,578 $ 284,729 $ 594,162 Allowance for credit losses - unfunded commitments: Beginning balance $ 4,913 $ 4,610 $ - $ - $ - $ 9,523 Provision for credit losses (benefit) ( 3,162) ( 2,222) - - - ( 5,384) Ending balance - unfunded commitments [1] $ 1,751 $ 2,388 $ - $ - $ - $ 4,139 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the year ended December 31, 2021 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 108,057 $ 9,366 $ 20,159 $ 18,918 $ 156,500 Provision for credit losses (benefit) ( 45,427) ( 4,764) ( 3,949) ( 187) ( 54,327) Charge-offs ( 1,177) ( 523) ( 605) ( 8,732) ( 11,037) Recoveries 2,424 643 587 6,414 10,068 Ending balance - loans $ 63,877 $ 4,722 $ 16,192 $ 16,413 $ 101,204 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,753 $ 4,469 $ - $ 106 $ 6,328 Provision for credit losses (benefit) ( 369) ( 2,132) - ( 69) ( 2,570) Ending balance - unfunded commitments [1] $ 1,384 $ 2,337 $ - $ 37 $ 3,758 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the year ended December 31, 2021 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 333,380 $ 14,237 $ 215,716 $ 16,863 $ 316,054 $ 896,250 Provision for credit losses (benefit) ( 137,122) ( 6,297) ( 61,633) 2,094 19,613 ( 183,345) Initial allowance for credit losses - PCD Loans - - 3,142 - - 3,142 Charge-offs ( 18,357) ( 7,143) ( 18,261) ( 4,637) ( 86,779) ( 135,177) Recoveries 37,904 5,566 15,514 3,258 52,254 114,496 Ending balance - loans $ 215,805 $ 6,363 $ 154,478 $ 17,578 $ 301,142 $ 695,366 Allowance for credit losses - unfunded commitments: Beginning balance $ 6,666 $ 9,079 $ - $ - $ 106 $ 15,851 Provision for credit losses (benefit) ( 3,531) ( 4,354) - - ( 69) ( 7,954) Ending balance - unfunded commitments [1] $ 3,135 $ 4,725 $ - $ - $ 37 $ 7,897 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the year ended December 31, 2020 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 131,063 $ 574 $ 116,281 $ 10,768 $ 173,965 $ 432,651 Impact of adopting CECL 62,393 115 86,081 ( 713) 122,492 270,368 Provision for credit losses 48,756 3,228 5,318 14,172 134,391 205,865 Initial allowance for credit losses - PCD Loans - - 7,512 - - 7,512 Charge-offs ( 27,731) - ( 30,080) ( 10,447) ( 170,023) ( 238,281) Recoveries 10,842 954 10,445 3,083 36,311 61,635 Ending balance - loans $ 225,323 $ 4,871 $ 195,557 $ 16,863 $ 297,136 $ 739,750 Allowance for credit losses - unfunded commitments: Beginning balance $ 678 $ 294 $ - $ - $ 7,467 $ 8,439 Impact of adopting CECL 1,158 ( 185) - - ( 7,467) ( 6,494) Provision for credit losses 3,077 4,501 - - - 7,578 Ending balance - unfunded commitments [1] $ 4,913 $ 4,610 $ - $ - $ - $ 9,523 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the year ended December 31, 2020 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 16,557 $ 4,266 $ 4,827 $ 19,407 $ 45,057 Impact of adopting CECL 29,537 ( 3,038) 10,431 7,809 44,739 Provision for credit losses 59,748 8,427 4,891 3,405 76,471 Charge-offs ( 2,078) ( 1,509) ( 59) ( 17,404) ( 21,050) Recoveries 4,293 1,220 69 5,701 11,283 Ending balance - loans $ 108,057 $ 9,366 $ 20,159 $ 18,918 $ 156,500 Allowance for credit losses - unfunded commitments: Beginning balance $ 152 $ 125 $ - $ 1 $ 278 Impact of adopting CECL 453 582 - ( 1) 1,034 Provision for credit losses 1,148 3,762 - 106 5,016 Ending balance - unfunded commitments [1] $ 1,753 $ 4,469 $ - $ 106 $ 6,328 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the year ended December 31, 2020 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 147,620 $ 4,840 $ 121,108 $ 10,768 $ 193,372 $ 477,708 Impact of adopting CECL 91,930 ( 2,923) 96,512 ( 713) 130,301 315,107 Provision for credit losses 108,504 11,655 10,209 14,172 137,796 282,336 Initial allowance for credit losses - PCD Loans - - 7,512 - - 7,512 Charge-offs ( 29,809) ( 1,509) ( 30,139) ( 10,447) ( 187,427) ( 259,331) Recoveries 15,135 2,174 10,514 3,083 42,012 72,918 Ending balance - loans $ 333,380 $ 14,237 $ 215,716 $ 16,863 $ 316,054 $ 896,250 Allowance for credit losses - unfunded commitments: Beginning balance $ 830 $ 419 $ - $ - $ 7,468 $ 8,717 Impact of adopting CECL 1,611 397 - - ( 7,468) ( 5,460) Provision for credit losses 4,225 8,263 - - 106 12,594 Ending balance - unfunded commitments [1] $ 6,666 $ 9,079 $ - $ - $ 106 $ 15,851 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.
Schedule of Trouble Debt Restructurings breakdown by Accrual and Nonaccrual Status	December 31, 2021 December 31, 2020 (In thousands) Accruing Non-Accruing Total Related Allowance Accruing Non-Accruing Total Related Allowance Loans held-in-portfolio: Commercial $ 261,344 $ 64,744 $ 326,088 $ 24,736 $ 259,246 $ 103,551 $ 362,797 $ 15,236 Construction - - - - - 21,497 21,497 4,397 Mortgage [1] 1,143,204 112,509 1,255,713 61,888 1,060,193 135,772 1,195,965 71,018 Leasing 325 47 372 42 392 218 610 150 Consumer 64,093 10,556 74,649 16,124 74,707 12,792 87,499 22,508 Loans held-in-portfolio $ 1,468,966 $ 187,856 $ 1,656,822 $ 102,790 $ 1,394,538 $ 273,830 $ 1,668,368 $ 113,309 [1] At December 31, 2021, accruing mortgage loan TDRs include $ 716 million guaranteed by U.S. sponsored entities at BPPR, compared to $ 655 million at December 31, 2020.
Troubled Debt Restructurings Loan Count By Type Of Modification	For the year ended December 31, 2021 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial multi-family - 1 1 - Commercial real estate non-owner occupied - 11 1 - Commercial real estate owner occupied 4 23 4 12 Commercial and industrial 5 13 - 21 Mortgage 39 140 1,590 5 Leasing - - 2 - Consumer: Credit cards 134 - 1 43 HELOCs - 1 1 - Personal 183 117 1 2 Auto - 7 3 - Other 7 - - 1 Total 372 313 1,604 84 For the year ended December 31, 2020 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial multi-family - 2 - - Commercial real estate non-owner occupied 2 10 - 1 Commercial real estate owner occupied - 37 - - Commercial and industrial 3 50 - - Construction - 1 - - Mortgage 3 68 331 411 Leasing - - 5 17 Consumer: Credit cards 659 - - 93 HELOCs - 2 1 - Personal 355 5 1 1 Auto - 2 2 38 Other 3 - - - Total 1,025 177 340 561
Troubled Debt Restructurings on Financing Receivables	Popular, Inc. For the year ended December 31, 2021 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for credit losses as a result of modification Commercial multi-family 2 $ 246 $ 211 $ 26 Commercial real estate non-owner occupied 12 3,612 3,604 177 Commercial real estate owner occupied 43 95,354 90,096 1,577 Commercial and industrial 39 6,573 5,719 745 Mortgage 1,774 213,661 214,367 6,632 Leasing 2 40 38 5 Consumer: Credit cards 178 2,223 2,136 42 HELOCs 2 176 228 54 Personal 303 4,222 4,217 899 Auto 10 199 206 65 Other 8 305 303 124 Total 2,373 $ 326,611 $ 321,125 $ 10,346 Popular, Inc. For the year ended December 31, 2020 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for credit losses as a result of modification Commercial multi-family 2 $ 1,133 $ 1,115 $ ( 18) Commercial real estate non-owner occupied 13 25,217 22,065 ( 969) Commercial real estate owner occupied 37 10,955 10,914 137 Commercial and industrial 53 3,140 3,178 34 Construction 1 21,514 21,514 4,370 Mortgage 813 102,559 85,394 6,875 Leasing 22 720 732 65 Consumer: Credit cards 752 7,048 7,097 286 HELOCs 3 510 396 33 Personal 362 6,194 6,188 1,043 Auto 42 836 838 131 Other 3 25 25 6 Total 2,103 $ 179,851 $ 159,456 $ 11,993
T D R Loans Subsequent Default	Defaulted during the year ended December 31, 2021 (Dollars in thousands) Loan count Recorded investment as of first default date Commercial real estate non-owner occupied 4 $ 8,421 Commercial real estate owner occupied 4 4,500 Commercial and industrial 5 317 Mortgage 104 10,543 Consumer: Credit cards 81 979 Personal 27 723 Total 225 $ 25,483 Defaulted during the year ended December 31, 2020 (Dollars in thousands) Loan count Recorded investment as of first default date Commercial real estate non-owner occupied 1 $ 1,700 Commercial real estate owner occupied 6 933 Commercial and industrial 4 141 Construction 1 21,497 Mortgage 249 26,925 Consumer: Credit cards 317 2,560 Personal 99 1,660 Other 2 1 Total 679 $ 55,417
Financing Receivable Credit Quality Indicators	December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Puerto Rico Commercial: Commercial multi-family Watch $ - $ - $ - $ - $ - $ 4,485 $ - $ - $ 4,485 Special mention - - - - - 3,025 - - 3,025 Substandard - - 982 - - 6,257 100 - 7,339 Pass 24,936 21,288 34,840 25,311 2,066 31,468 11 - 139,920 Total commercial multi-family $ 24,936 $ 21,288 $ 35,822 $ 25,311 $ 2,066 $ 45,235 $ 111 $ - $ 154,769 Commercial real estate non-owner occupied Watch $ 100,465 $ 228,852 $ 25,443 $ 137,044 $ 2,406 $ 205,304 $ 3,237 $ - $ 702,751 Special Mention 18,509 12,563 7,271 - 4,608 24,056 - - 67,007 Substandard 30,155 27,790 24,200 25,456 2,770 72,407 - - 182,778 Pass 513,087 88,662 88,353 37,999 42,522 557,052 9,712 - 1,337,387 Total commercial real estate non-owner occupied $ 662,216 $ 357,867 $ 145,267 $ 200,499 $ 52,306 $ 858,819 $ 12,949 $ - $ 2,289,923 Commercial real estate owner occupied Watch $ 8,393 $ 8,612 $ 8,972 $ 6,958 $ 3,039 $ 121,716 $ - $ - $ 157,690 Special Mention 5,573 857 7,598 1,427 2,449 103,472 - - 121,376 Substandard 6,960 1,028 1,646 35,529 1,869 113,288 - - 160,320 Doubtful - - - - 76 612 - - 688 Pass 238,533 198,442 44,943 23,112 32,585 429,651 16,389 - 983,655 Total commercial real estate owner occupied $ 259,459 $ 208,939 $ 63,159 $ 67,026 $ 40,018 $ 768,739 $ 16,389 $ - $ 1,423,729 Commercial and industrial Watch $ 186,529 $ 12,542 $ 21,536 $ 103,835 $ 14,577 $ 90,776 $ 108,183 $ - $ 537,978 Special Mention 7,380 9,936 14,856 28,473 1,012 28,448 60,397 - 150,502 Substandard 2,190 1,091 3,041 35,826 66,771 45,168 38,003 - 192,090 Doubtful - - - - - 62 - - 62 Pass 843,661 335,369 275,357 84,084 72,580 333,869 702,896 - 2,647,816 Total commercial and industrial $ 1,039,760 $ 358,938 $ 314,790 $ 252,218 $ 154,940 $ 498,323 $ 909,479 $ - $ 3,528,448 Construction Substandard $ - $ - $ 485 $ - $ - $ - $ - $ - $ 485 Pass 21,596 41,622 1,148 - - - 22,260 - 86,626 Total construction $ 21,596 $ 41,622 $ 1,633 $ - $ - $ - $ 22,260 $ - $ 87,111 Mortgage Substandard $ - $ 954 $ 5,212 $ 5,613 $ 4,310 $ 122,690 $ - $ - $ 138,779 Pass 463,742 304,780 223,464 265,239 194,982 4,660,880 - - 6,113,087 Total mortgage $ 463,742 $ 305,734 $ 228,676 $ 270,852 $ 199,292 $ 4,783,570 $ - $ - $ 6,251,866 Leasing Substandard $ 124 $ 618 $ 880 $ 613 $ 613 $ 235 $ - $ - $ 3,083 Loss - - - 1 16 2 - - 19 Pass 613,452 328,085 222,770 133,112 62,881 17,917 - - 1,378,217 Total leasing $ 613,576 $ 328,703 $ 223,650 $ 133,726 $ 63,510 $ 18,154 $ - $ - $ 1,381,319 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Puerto Rico Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 8,577 $ - $ 8,577 Pass - - - - - - 911,274 - 911,274 Total credit cards $ - $ - $ - $ - $ - $ - $ 919,851 $ - $ 919,851 HELOCs Substandard - - - - - - 23 - 23 Pass $ - $ - $ - $ - $ - $ - $ 3,548 $ - $ 3,548 Total HELOCs $ - $ - $ - $ - $ - $ - $ 3,571 $ - $ 3,571 Personal Substandard $ 426 $ 610 $ 2,105 $ 866 $ 936 $ 15,680 $ - $ 1,385 $ 22,008 Loss 30 2 3 - - 3 - - 38 Pass 539,604 197,652 227,328 91,341 53,630 120,065 - 36,394 1,266,014 Total Personal $ 540,060 $ 198,264 $ 229,436 $ 92,207 $ 54,566 $ 135,748 $ - $ 37,779 $ 1,288,060 Auto Substandard $ 3,080 $ 7,520 $ 9,498 $ 4,739 $ 2,210 $ 1,422 $ - $ - $ 28,469 Loss 42 11 - - - - - - 53 Pass 1,259,800 808,339 637,300 420,293 177,104 80,829 - - 3,383,665 Total Auto $ 1,262,922 $ 815,870 $ 646,798 $ 425,032 $ 179,314 $ 82,251 $ - $ - $ 3,412,187 Other consumer Substandard $ - $ 114 $ 21 $ 487 $ - $ 135 $ 11,250 $ - $ 12,007 Loss - - - 579 - 34 - - 613 Pass 24,845 9,781 9,348 5,610 3,914 947 57,483 - 111,928 Total Other consumer $ 24,845 $ 9,895 $ 9,369 $ 6,676 $ 3,914 $ 1,116 $ 68,733 $ - $ 124,548 Total Puerto Rico $ 4,913,112 $ 2,647,120 $ 1,898,600 $ 1,473,547 $ 749,926 $ 7,191,955 $ 1,953,343 $ 37,779 $ 20,865,382 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular U.S. Commercial: Commercial multi-family Watch $ 8,600 $ 41,348 $ 56,229 $ 20,682 $ 37,343 $ 48,753 $ - $ - $ 212,955 Special mention - 3,752 9,013 30,244 11,071 28,297 - - 82,377 Substandard - - 67,149 12,748 - 18,644 - - 98,541 Pass 422,613 241,805 201,298 144,534 46,809 352,724 4,205 - 1,413,988 Total commercial multi-family $ 431,213 $ 286,905 $ 333,689 $ 208,208 $ 95,223 $ 448,418 $ 4,205 $ - $ 1,807,861 Commercial real estate non-owner occupied Watch $ 12,716 $ 22,109 $ 42,067 $ 56,576 $ 28,604 $ 154,289 $ 780 $ - $ 317,141 Special Mention 2,939 - 3,205 7,025 10,573 15,569 - - 39,311 Substandard - 756 6,405 14,544 11,384 60,323 - - 93,412 Pass 543,667 356,071 156,925 211,432 250,516 346,606 8,386 - 1,873,603 Total commercial real estate non-owner occupied $ 559,322 $ 378,936 $ 208,602 $ 289,577 $ 301,077 $ 576,787 $ 9,166 $ - $ 2,323,467 Commercial real estate owner occupied Watch $ - $ 239 $ 7,825 $ 8,150 $ 1,676 $ 17,132 $ 4,222 $ - $ 39,244 Special Mention - - - - - 1,800 - - 1,800 Substandard - - 1,148 2,878 - 20,841 - - 24,867 Pass 129,898 46,737 34,355 23,845 26,236 63,463 3,928 - 328,462 Total commercial real estate owner occupied $ 129,898 $ 46,976 $ 43,328 $ 34,873 $ 27,912 $ 103,236 $ 8,150 $ - $ 394,373 Commercial and industrial Watch $ 3,747 $ 4,667 $ 4,292 $ 9,273 $ 5 $ 1,530 $ 3,925 $ - $ 27,439 Special Mention 2,504 7,203 670 481 59 215 8,177 - 19,309 Substandard 537 97 4,559 495 168 1,890 159 - 7,905 Loss 262 58 108 17 51 191 - - 687 Pass 273,254 339,564 211,695 191,086 115,146 339,336 284,710 - 1,754,791 Total commercial and industrial $ 280,304 $ 351,589 $ 221,324 $ 201,352 $ 115,429 $ 343,162 $ 296,971 $ - $ 1,810,131 Construction Watch $ - $ 14,300 $ 23,547 $ 28,757 $ 34,205 $ - $ - $ - $ 100,809 Special Mention - - - - - 13,622 - - 13,622 Substandard - - - 15,438 10,231 - - - 25,669 Pass 130,587 136,045 165,105 13,634 36,500 7,138 - - 489,009 Total construction $ 130,587 $ 150,345 $ 188,652 $ 57,829 $ 80,936 $ 20,760 $ - $ - $ 629,109 Mortgage Substandard $ - $ 4,338 $ 3,894 $ 967 $ 217 $ 12,680 $ - $ - $ 22,096 Pass 326,641 266,212 215,071 61,986 6,376 276,948 - - 1,153,234 Total mortgage $ 326,641 $ 270,550 $ 218,965 $ 62,953 $ 6,593 $ 289,628 $ - $ - $ 1,175,330 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 10 $ - $ 10 Total credit cards $ - $ - $ - $ - $ - $ - $ 10 $ - $ 10 HELOCs Substandard $ - $ - $ - $ - $ - $ 3,006 $ - $ 935 $ 3,941 Loss - - - - - 207 - 1,258 1,465 Pass - - - - - 11,423 38,267 20,195 69,885 Total HELOCs $ - $ - $ - $ - $ - $ 14,636 $ 38,267 $ 22,388 $ 75,291 Personal Substandard $ 72 $ 81 $ 250 $ 73 $ 17 $ 163 $ 2 $ - $ 658 Loss - - 4 - - 19 - - 23 Pass 75,538 19,411 43,346 7,418 2,802 5,625 124 - 154,264 Total Personal $ 75,610 $ 19,492 $ 43,600 $ 7,491 $ 2,819 $ 5,807 $ 126 $ - $ 154,945 Other consumer Pass $ - $ - $ - $ - $ - $ - $ 4,658 $ - $ 4,658 Total Other consumer $ - $ - $ - $ - $ - $ - $ 4,658 $ - $ 4,658 Total Popular U.S. $ 1,933,575 $ 1,504,793 $ 1,258,160 $ 862,283 $ 629,989 $ 1,802,434 $ 361,553 $ 22,388 $ 8,375,175 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Watch $ 8,600 $ 41,348 $ 56,229 $ 20,682 $ 37,343 $ 53,238 $ - $ - $ 217,440 Special mention - 3,752 9,013 30,244 11,071 31,322 - - 85,402 Substandard - - 68,131 12,748 - 24,901 100 - 105,880 Pass 447,549 263,093 236,138 169,845 48,875 384,192 4,216 - 1,553,908 Total commercial multi-family $ 456,149 $ 308,193 $ 369,511 $ 233,519 $ 97,289 $ 493,653 $ 4,316 $ - $ 1,962,630 Commercial real estate non-owner occupied Watch $ 113,181 $ 250,961 $ 67,510 $ 193,620 $ 31,010 $ 359,593 $ 4,017 $ - $ 1,019,892 Special Mention 21,448 12,563 10,476 7,025 15,181 39,625 - - 106,318 Substandard 30,155 28,546 30,605 40,000 14,154 132,730 - - 276,190 Pass 1,056,754 444,733 245,278 249,431 293,038 903,658 18,098 - 3,210,990 Total commercial real estate non-owner occupied $ 1,221,538 $ 736,803 $ 353,869 $ 490,076 $ 353,383 $ 1,435,606 $ 22,115 $ - $ 4,613,390 Commercial real estate owner occupied Watch $ 8,393 $ 8,851 $ 16,797 $ 15,108 $ 4,715 $ 138,848 $ 4,222 $ - $ 196,934 Special Mention 5,573 857 7,598 1,427 2,449 105,272 - - 123,176 Substandard 6,960 1,028 2,794 38,407 1,869 134,129 - - 185,187 Doubtful - - - - 76 612 - - 688 Pass 368,431 245,179 79,298 46,957 58,821 493,114 20,317 - 1,312,117 Total commercial real estate owner occupied $ 389,357 $ 255,915 $ 106,487 $ 101,899 $ 67,930 $ 871,975 $ 24,539 $ - $ 1,818,102 Commercial and industrial Watch $ 190,276 $ 17,209 $ 25,828 $ 113,108 $ 14,582 $ 92,306 $ 112,108 $ - $ 565,417 Special Mention 9,884 17,139 15,526 28,954 1,071 28,663 68,574 - 169,811 Substandard 2,727 1,188 7,600 36,321 66,939 47,058 38,162 - 199,995 Doubtful - - - - - 62 - - 62 Loss 262 58 108 17 51 191 - - 687 Pass 1,116,915 674,933 487,052 275,170 187,726 673,205 987,606 - 4,402,607 Total commercial and industrial $ 1,320,064 $ 710,527 $ 536,114 $ 453,570 $ 270,369 $ 841,485 $ 1,206,450 $ - $ 5,338,579 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular, Inc. Construction Watch $ - $ 14,300 $ 23,547 $ 28,757 $ 34,205 $ - $ - $ - $ 100,809 Special Mention - - - - - 13,622 - - 13,622 Substandard - - 485 15,438 10,231 - - - 26,154 Pass 152,183 177,667 166,253 13,634 36,500 7,138 22,260 - 575,635 Total construction $ 152,183 $ 191,967 $ 190,285 $ 57,829 $ 80,936 $ 20,760 $ 22,260 $ - $ 716,220 Mortgage Substandard $ - $ 5,292 $ 9,106 $ 6,580 $ 4,527 $ 135,370 $ - $ - $ 160,875 Pass 790,383 570,992 438,535 327,225 201,358 4,937,828 - - 7,266,321 Total mortgage $ 790,383 $ 576,284 $ 447,641 $ 333,805 $ 205,885 $ 5,073,198 $ - $ - $ 7,427,196 Leasing Substandard $ 124 $ 618 $ 880 $ 613 $ 613 $ 235 $ - $ - $ 3,083 Loss - - - 1 16 2 - - 19 Pass 613,452 328,085 222,770 133,112 62,881 17,917 - - 1,378,217 Total leasing $ 613,576 $ 328,703 $ 223,650 $ 133,726 $ 63,510 $ 18,154 $ - $ - $ 1,381,319 December 31, 2021 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2021 2020 2019 2018 2017 Prior Years Total Popular, Inc. Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 8,577 $ - $ 8,577 Pass - - - - - - 911,284 - 911,284 Total credit cards $ - $ - $ - $ - $ - $ - $ 919,861 $ - $ 919,861 HELOCs Substandard $ - $ - $ - $ - $ - $ 3,006 $ 23 $ 935 $ 3,964 Loss - - - - - 207 - 1,258 1,465 Pass - - - - - 11,423 41,815 20,195 73,433 Total HELOCs $ - $ - $ - $ - $ - $ 14,636 $ 41,838 $ 22,388 $ 78,862 Personal Substandard $ 498 $ 691 $ 2,355 $ 939 $ 953 $ 15,843 $ 2 $ 1,385 $ 22,666 Loss 30 2 7 - - 22 - - 61 Pass 615,142 217,063 270,674 98,759 56,432 125,690 124 36,394 1,420,278 Total Personal $ 615,670 $ 217,756 $ 273,036 $ 99,698 $ 57,385 $ 141,555 $ 126 $ 37,779 $ 1,443,005 Auto Substandard $ 3,080 $ 7,520 $ 9,498 $ 4,739 $ 2,210 $ 1,422 $ - $ - $ 28,469 Loss 42 11 - - - - - - 53 Pass 1,259,800 808,339 637,300 420,293 177,104 80,829 - - 3,383,665 Total Auto $ 1,262,922 $ 815,870 $ 646,798 $ 425,032 $ 179,314 $ 82,251 $ - $ - $ 3,412,187 Other consumer Substandard $ - $ 114 $ 21 $ 487 $ - $ 135 $ 11,250 $ - $ 12,007 Loss - - - 579 - 34 - - 613 Pass 24,845 9,781 9,348 5,610 3,914 947 62,141 - 116,586 Total Other consumer $ 24,845 $ 9,895 $ 9,369 $ 6,676 $ 3,914 $ 1,116 $ 73,391 $ - $ 129,206 Total Popular Inc. $ 6,846,687 $ 4,151,913 $ 3,156,760 $ 2,335,830 $ 1,379,915 $ 8,994,389 $ 2,314,896 $ 60,167 $ 29,240,557 December 31, 2020 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2020 2019 2018 2017 2016 Prior Years Total Puerto Rico Commercial: Commercial multi-family Watch $ - $ - $ - $ - $ - $ 460 $ - $ - $ 460 Special mention - - - - - 4,160 - - 4,160 Substandard - - - - - 400 100 - 500 Pass 5,216 36,433 26,051 2,106 2,563 74,791 - - 147,160 Total commercial multi-family $ 5,216 $ 36,433 $ 26,051 $ 2,106 $ 2,563 $ 79,811 $ 100 $ - $ 152,280 Commercial real estate non-owner occupied Watch $ 160,960 $ 73,561 $ 27,592 $ 40,654 $ 33,277 $ 197,912 $ 2,100 $ - $ 536,056 Special Mention - 26,331 124,560 29,711 19,895 62,839 836 - 264,172 Substandard 43,399 74,303 26,799 4,932 29,974 130,218 95 - 309,720 Pass 88,324 53,385 39,814 60,585 124,643 527,282 3,352 - 897,385 Total commercial real estate non-owner occupied $ 292,683 $ 227,580 $ 218,765 $ 135,882 $ 207,789 $ 918,251 $ 6,383 $ - $ 2,007,333 Commercial real estate owner occupied Watch $ 96,046 $ 10,319 $ 14,412 $ 9,760 $ 9,584 $ 146,445 $ 2,627 $ - $ 289,193 Special Mention 850 6,638 249 6,571 282 172,078 - - 186,668 Substandard 1,774 2,181 37,686 1,878 27,094 145,193 - - 215,806 Doubtful - - - - - 1,714 - - 1,714 Pass 204,840 54,274 31,917 57,854 128,392 417,376 10,861 - 905,514 Total commercial real estate owner occupied $ 303,510 $ 73,412 $ 84,264 $ 76,063 $ 165,352 $ 882,806 $ 13,488 $ - $ 1,598,895 Commercial and industrial Watch $ 131,556 $ 77,821 $ 182,776 $ 40,318 $ 63,968 $ 267,856 $ 243,335 $ - $ 1,007,630 Special Mention 28,310 10,297 19,220 45,861 910 28,507 86,263 - 219,368 Substandard 32,941 2,180 26,921 26,769 1,824 55,220 49,036 - 194,891 Doubtful - 67 - 1 - 54 1 - 123 Loss - - - - - - 13 - 13 Pass 1,181,399 492,778 119,709 168,174 105,442 218,716 520,865 - 2,807,083 Total commercial and industrial $ 1,374,206 $ 583,143 $ 348,626 $ 281,123 $ 172,144 $ 570,353 $ 899,513 $ - $ 4,229,108 Construction Watch $ - $ 105 $ 4,895 $ - $ - $ - $ 960 $ - $ 5,960 Substandard - - - 21,497 - - - - 21,497 Pass 15,723 22,408 3,423 63,582 - - 24,513 - 129,649 Total construction $ 15,723 $ 22,513 $ 8,318 $ 85,079 $ - $ - $ 25,473 $ - $ 157,106 Mortgage Substandard $ 754 $ 903 $ 1,172 $ 3,129 $ 4,374 $ 159,359 $ - $ - $ 169,691 Pass 263,473 224,390 177,537 212,650 225,824 5,496,578 - - 6,600,452 Total mortgage $ 264,227 $ 225,293 $ 178,709 $ 215,779 $ 230,198 $ 5,655,937 $ - $ - $ 6,770,143 Leasing Substandard $ 200 $ 822 $ 748 $ 913 $ 617 $ 136 $ - $ - $ 3,436 Pass 480,964 315,022 209,340 109,708 63,955 15,236 - - 1,194,225 Total leasing $ 481,164 $ 315,844 $ 210,088 $ 110,621 $ 64,572 $ 15,372 $ - $ - $ 1,197,661 December 31, 2020 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2020 2019 2018 2017 2016 Prior Years Total Puerto Rico Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 12,798 $ - $ 12,798 Pass - - - - - - 907,137 - 907,137 Total credit cards $ - $ - $ - $ - $ - $ - $ 919,935 $ - $ 919,935 HELOCs Pass $ - $ - $ - $ - $ - $ 540 $ 3,639 $ - $ 4,179 Total HELOCs $ - $ - $ - $ - $ - $ 540 $ 3,639 $ - $ 4,179 Personal Substandard $ 1,288 $ 4,782 $ 1,741 $ 1,022 $ 971 $ 18,647 $ 152 $ 1,545 $ 30,148 Pass 323,170 413,973 168,142 99,768 57,319 137,693 2,144 45,390 1,247,599 Total Personal $ 324,458 $ 418,755 $ 169,883 $ 100,790 $ 58,290 $ 156,340 $ 2,296 $ 46,935 $ 1,277,747 Auto Substandard $ 1,975 $ 6,029 $ 3,612 $ 1,760 $ 1,369 $ 990 $ - $ - $ 15,735 Pass 1,064,082 881,343 628,657 299,677 168,157 74,577 - - 3,116,493 Total Auto $ 1,066,057 $ 887,372 $ 632,269 $ 301,437 $ 169,526 $ 75,567 $ - $ - $ 3,132,228 Other consumer Substandard $ - $ 16 $ 1,376 $ 240 $ 174 $ 13,075 $ - $ - $ 14,881 Pass 16,912 15,698 13,158 4,966 2,828 3,785 54,437 - 111,784 Total Other consumer $ 16,912 $ 15,714 $ 14,534 $ 5,206 $ 3,002 $ 16,860 $ 54,437 $ - $ 126,665 Total Puerto Rico $ 4,144,156 $ 2,806,059 $ 1,891,507 $ 1,314,086 $ 1,073,436 $ 8,371,837 $ 1,925,264 $ 46,935 $ 21,573,280 December 31, 2020 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2020 2019 2018 2017 2016 Prior Years Total Popular U.S. Commercial: Commercial multi-family Watch $ 1,643 $ 16,787 $ 39,980 $ 39,713 $ 52,989 $ 61,369 $ - $ - $ 212,481 Special mention 3,122 30,708 4,380 19,593 37,745 20,463 - - 116,011 Substandard - 17,376 21,771 1,755 20,085 6,247 - - 67,234 Pass 326,008 289,652 163,812 100,555 132,400 332,709 2,849 - 1,347,985 Total commercial multi-family $ 330,773 $ 354,523 $ 229,943 $ 161,616 $ 243,219 $ 420,788 $ 2,849 $ - $ 1,743,711 Commercial real estate non-owner occupied Watch $ 10,057 $ 23,877 $ 76,629 $ 56,112 $ 49,166 $ 62,766 $ 1,055 $ - $ 279,662 Special Mention - 4,760 15,304 14,623 70,224 20,028 350 - 125,289 Substandard 771 18,642 36,495 11,007 40,528 28,984 - - 136,427 Pass 397,686 231,904 224,256 236,008 142,432 214,495 5,651 - 1,452,432 Total commercial real estate non-owner occupied $ 408,514 $ 279,183 $ 352,684 $ 317,750 $ 302,350 $ 326,273 $ 7,056 $ - $ 1,993,810 Commercial real estate owner occupied Watch $ 393 $ 8,266 $ 7,941 $ 4,060 $ 16,689 $ 16,108 $ 4,222 $ - $ 57,679 Special Mention - - 192 - - 1,467 - - 1,659 Substandard - 1,152 2,361 - 1,348 20,305 - - 25,166 Pass 48,684 47,484 47,451 28,761 18,296 68,739 461 - 259,876 Total commercial real estate owner occupied $ 49,077 $ 56,902 $ 57,945 $ 32,821 $ 36,333 $ 106,619 $ 4,683 $ - $ 344,380 Commercial and industrial Watch $ 16,126 $ 1,973 $ 30 $ 3,621 $ 1,196 $ 8,488 $ 3,972 $ - $ 35,406 Special Mention 14,056 - - 1,634 4,807 4,756 1,637 - 26,890 Substandard 2,029 6,568 - - - 5,980 2,394 - 16,971 Pass 410,349 196,958 198,249 132,993 123,762 300,846 102,369 - 1,465,526 Total commercial and industrial $ 442,560 $ 205,499 $ 198,279 $ 138,248 $ 129,765 $ 320,070 $ 110,372 $ - $ 1,544,793 Construction Watch $ 8,451 $ - $ - $ 37,015 $ - $ 2,065 $ - $ - $ 47,531 Special Mention - - - 3,089 - 30,083 - - 33,172 Substandard - - 20,655 9,372 7,560 - - - 37,587 Pass 79,489 288,865 168,411 99,814 8,392 5,841 - - 650,812 Total construction $ 87,940 $ 288,865 $ 189,066 $ 149,290 $ 15,952 $ 37,989 $ - $ - $ 769,102 Mortgage Substandard $ 29 $ - $ 1,221 $ - $ 328 $ 13,287 $ - $ - $ 14,865 Pass 356,839 275,289 103,160 9,337 9,530 351,517 - - 1,105,672 Total mortgage $ 356,868 $ 275,289 $ 104,381 $ 9,337 $ 9,858 $ 364,804 $ - $ - $ 1,120,537 December 31, 2020 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2020 2019 2018 2017 2016 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 31 $ - $ 31 Total credit cards $ - $ - $ - $ - $ - $ - $ 31 $ - $ 31 HELOCs Substandard $ - $ - $ - $ - $ - $ 112 $ - $ 357 $ 469 Loss - - - - - 156 - 6,867 7,023 Pass - - - - - 11,907 39,366 35,806 87,079 Total HELOCs $ - $ - $ - $ - $ - $ 12,175 $ 39,366 $ 43,030 $ 94,571 Personal Substandard $ 83 $ 784 $ 165 $ 74 $ 18 $ 6 $ - $ - $ 1,130 Loss - 17 63 12 6 244 2 - 344 Pass 40,539 109,606 27,693 9,623 1,855 8,256 192 - 197,764 Total Personal $ 40,622 $ 110,407 $ 27,921 $ 9,709 $ 1,879 $ 8,506 $ 194 $ - $ 199,238 Other consumer Substandard $ - $ - $ - $ - $ - $ - $ 20 $ - $ 20 Pass - - - - - - 1,723 - 1,723 Total Other consumer $ - $ - $ - $ - $ - $ - $ 1,743 $ - $ 1,743 Total Popular U.S. $ 1,716,354 $ 1,570,668 $ 1,160,219 $ 818,771 $ 739,356 $ 1,597,224 $ 166,294 $ 43,030 $ 7,811,916 December 31, 2020 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2020 2019 2018 2017 2016 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Watch $ 1,643 $ 16,787 $ 39,980 $ 39,713 $ 52,989 $ 61,829 $ - $ - $ 212,941 Special mention 3,122 30,708 4,380 19,593 37,745 24,623 - - 120,171 Substandard - 17,376 21,771 1,755 20,085 6,647 100 - 67,734 Pass 331,224 326,085 189,863 102,661 134,963 407,500 2,849 - 1,495,145 Total commercial multi-family $ 335,989 $ 390,956 $ 255,994 $ 163,722 $ 245,782 $ 500,599 $ 2,949 $ - $ 1,895,991 Commercial real estate non-owner occupied Watch $ 171,017 $ 97,438 $ 104,221 $ 96,766 $ 82,443 $ 260,678 $ 3,155 $ - $ 815,718 Special Mention - 31,091 139,864 44,334 90,119 82,867 1,186 - 389,461 Substandard 44,170 92,945 63,294 15,939 70,502 159,202 95 - 446,147 Pass 486,010 285,289 264,070 296,593 267,075 741,777 9,003 - 2,349,817 Total commercial real estate non-owner occupied $ 701,197 $ 506,763 $ 571,449 $ 453,632 $ 510,139 $ 1,244,524 $ 13,439 $ - $ 4,001,143 Commercial real estate owner occupied Watch $ 96,439 $ 18,585 $ 22,353 $ 13,820 $ 26,273 $ 162,553 $ 6,849 $ - $ 346,872 Special Mention 850 6,638 441 6,571 282 173,545 - - 188,327 Substandard 1,774 3,333 40,047 1,878 28,442 165,498 - - 240,972 Doubtful - - - - - 1,714 - - 1,714 Pass 253,524 101,758 79,368 86,615 146,688 486,115 11,322 - 1,165,390 Total commercial real estate owner occupied $ 352,587 $ 130,314 $ 142,209 $ 108,884 $ 201,685 $ 989,425 $ 18,171 $ - $ 1,943,275 Commercial and industrial Watch $ 147,682 $ 79,794 $ 182,806 $ 43,939 $ 65,164 $ 276,344 $ 247,307 $ - $ 1,043,036 Special Mention 42,366 10,297 19,220 47,495 5,717 33,263 87,900 - 246,258 Substandard 34,970 8,748 26,921 26,769 1,824 61,200 51,430 - 211,862 Doubtful - 67 - 1 - 54 1 - 123 Loss - - - - - - 13 - 13 Pass 1,591,748 689,736 317,958 301,167 229,204 519,562 623,234 - 4,272,609 Total commercial and industrial $ 1,816,766 $ 788,642 $ 546,905 $ 419,371 $ 301,909 $ 890,423 $ 1,009,885 $ - $ 5,773,901 December 31, 2020 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2020 2019 2018 2017 2016 Prior Years Total Popular, Inc. Construction Watch $ 8,451 $ 105 $ 4,895 $ 37,015 $ - $ 2,065 $ 960 $ - $ 53,491 Special Mention - - - 3,089 - 30,083 - - 33,172 Substandard - - 20,655 30,869 7,560 - - - 59,084 Pass 95,212 311,273 171,834 163,396 8,392 5,841 24,513 - 780,461 Total construction $ 103,663 $ 311,378 $ 197,384 $ 234,369 $ 15,952 $ 37,989 $ 25,473 $ - $ 926,208 Mortgage Substandard $ 783 $ 903 $ 2,393 $ 3,129 $ 4,702 $ 172,646 $ - $ - $ 184,556 Pass 620,312 499,679 280,697 221,987 235,354 5,848,095 - - 7,706,124 Total mortgage $ 621,095 $ 500,582 $ 283,090 $ 225,116 $ 240,056 $ 6,020,741 $ - $ - $ 7,890,680 Leasing Substandard $ 200 $ 822 $ 748 $ 913 $ 617 $ 136 $ - $ - $ 3,436 Pass 480,964 315,022 209,340 109,708 63,955 15,236 - - 1,194,225 Total leasing $ 481,164 $ 315,844 $ 210,088 $ 110,621 $ 64,572 $ 15,372 $ - $ - $ 1,197,661 December 31, 2020 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2020 2019 2018 2017 2016 Prior Years Total Popular, Inc. Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 12,798 $ - $ 12,798 Pass - - - - - - 907,168 - 907,168 Total credit cards $ - $ - $ - $ - $ - $ - $ 919,966 $ - $ 919,966 HELOCs Substandard $ - $ - $ - $ - $ - $ 112 $ - $ 357 $ 469 Loss - - - - - 156 - 6,867 7,023 Pass - - - - - 12,447 43,005 35,806 91,258 Total HELOCs $ - $ - $ - $ - $ - $ 12,715 $ 43,005 $ 43,030 $ 98,750 Personal Substandard $ 1,371 $ 5,566 $ 1,906 $ 1,096 $ 989 $ 18,653 $ 152 $ 1,545 $ 31,278 Loss - 17 63 12 6 244 2 - 344 Pass 363,709 523,579 195,835 109,391 59,174 145,949 2,336 45,390 1,445,363 Total Personal $ 365,080 $ 529,162 $ 197,804 $ 110,499 $ 60,169 $ 164,846 $ 2,490 $ 46,935 $ 1,476,985 Auto Substandard $ 1,975 $ 6,029 $ 3,612 $ 1,760 $ 1,369 $ 990 $ - $ - $ 15,735 Pass 1,064,082 881,343 628,657 299,677 168,157 74,577 - - 3,116,493 Total Auto $ 1,066,057 $ 887,372 $ 632,269 $ 301,437 $ 169,526 $ 75,567 $ - $ - $ 3,132,228 Other consumer Substandard $ - $ 16 $ 1,376 $ 240 $ 174 $ 13,075 $ 20 $ - $ 14,901 Pass 16,912 15,698 13,158 4,966 2,828 3,785 56,160 - 113,507 Total Other consumer $ 16,912 $ 15,714 $ 14,534 $ 5,206 $ 3,002 $ 16,860 $ 56,180 $ - $ 128,408 Total Popular Inc. $ 5,860,510 $ 4,376,727 $ 3,051,726 $ 2,132,857 $ 1,812,792 $ 9,969,061 $ 2,091,558 $ 89,965 $ 29,385,196

Mortgage banking activities (Ta

Mortgage banking activities (Tables)	12 Months Ended
	Dec. 31, 2021
Mortgage Banking [Abstract]
Mortgage Banking Activities	Years ended December 31, (In thousands) 2021 2020 2019 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 38,105 $ 43,234 $ 46,952 Mortgage servicing rights fair value adjustments ( 10,206) ( 42,055) ( 27,430) Total mortgage servicing fees, net of fair value adjustments 27,899 1,179 19,522 Net gain on sale of loans, including valuation on loans held for sale 21,684 31,215 18,817 Trading account profit (loss): Realized gains (losses) on closed derivative positions 1,323 ( 10,586) ( 6,246) Total trading account profit (loss) 1,323 ( 10,586) ( 6,246) Losses on repurchased loans, including interest advances [1] ( 773) ( 11,407) - Total mortgage banking activities $ 50,133 $ 10,401 $ 32,093 [1] The Corporation, from time to time, repurchases delinquent loans from its GNMA servicing portfolio, in compliance with Guarantor guidelines, and may incur in losses related to previously advanced interest on delinquent loans. During the quarter ended September 30, 2020 the Corporation repurchased $ 687.9 million of GNMA loans and recorded a loss of $ 10.5 million for previously advanced interest on delinquent loans. Effective for the quarter ended September 30, 2020, the Corporation has determined to present these losses as part of its Mortgage Banking Activities, which were previously presented within the indemnity reserves on loans sold component of non-interest income. The amount of these losses for prior years were considered immaterial for reclassification.

Transfers of financial assets_2

Transfers of financial assets and mortgage servicing assets (Tables)	12 Months Ended
	Dec. 31, 2021
Transfers and Servicing of Financial Assets
Schedule Of Securitizations Of Financial Assets Accounted For As Sale [Text Block]	Proceeds Obtained During the Year Ended December 31, 2021 (In thousands) Level 1 Level 2 Level 3 Initial fair value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 380,228 $ - $ 380,228 Mortgage-backed securities - FNMA - 329,617 - 329,617 Mortgage-backed securities - FHLMC - 22,688 - 22,688 Total trading account debt securities $ - $ 732,533 $ - $ 732,533 Mortgage servicing rights $ - $ - $ 11,314 $ 11,314 Total $ - $ 732,533 $ 11,314 $ 743,847 Proceeds Obtained During the Year Ended December 31, 2020 (In thousands) Level 1 Level 2 Level 3 Initial fair value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 332,207 $ - $ 332,207 Mortgage-backed securities - FNMA - 175,864 - 175,864 Total trading account debt securities $ - $ 508,071 $ - $ 508,071 Mortgage servicing rights $ - $ - $ 7,236 $ 7,236 Total $ - $ 508,071 $ 7,236 $ 515,307
Schedule Of Servicing Assets At Fair Value Text Block	Residential MSRs (In thousands) December 31, 2021 December 31, 2020 Fair value at beginning of period $ 118,395 $ 150,906 Additions 13,391 9,544 Changes due to payments on loans [1] ( 15,383) ( 11,692) Reduction due to loan repurchases ( 1,233) ( 11,060) Changes in fair value due to changes in valuation model inputs or assumptions 6,410 ( 19,327) Other ( 10) 24 Fair value at end of period [2] $ 121,570 $ 118,395 [1] Represents changes due to collection / realization of expected cash flows over time. [2] At December 31, 2021, PB had MSRs amounting to $ 1.6 million (December 31, 2020 - $ 0.7 million).
Schedule Of Assumptions For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Servicing Liabilities Text Block	Years ended December 31, 2021 December 31, 2020 BPPR PB BPPR PB Prepayment speed 6.8 % 19.0 % 7.6 % 21.9 % Weighted average life (in years) 8.3 20.9 8.7 3.6 Discount rate (annual rate) 10.5 % 10.7 % 10.9 % 10.5 %
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets	Originated MSRs Purchased MSRs December 31, December 31, December 31, December 31, (In thousands) 2021 2020 2021 2020 Fair value of servicing rights $ 40,058 $ 44,129 $ 81,512 $ 74,266 Weighted average life (in years) 7.1 6.2 7.5 5.9 Weighted average prepayment speed (annual rate) 7.7 % 6.6 % 7.6 % 7.1 % Impact on fair value of 10% adverse change $ ( 1,500) $ ( 1,115) $ ( 1,486) $ ( 2,206) Impact on fair value of 20% adverse change $ ( 2,359) $ ( 2,194) $ ( 3,495) $ ( 4,312) Weighted average discount rate (annual rate) 11.2 % 11.3 % 11.0 % 11.1 % Impact on fair value of 10% adverse change $ ( 2,079) $ ( 1,640) $ ( 2,731) $ ( 2,740) Impact on fair value of 20% adverse change $ ( 3,452) $ ( 3,175) $ ( 5,832) $ ( 5,301)

Premises and equipment (Tables)

Premises and equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment
Premises and equipment	(In thousands) Useful life in years 2021 2020 Premises and equipment: Land $ 94,246 $ 109,780 Buildings 10- 50 468,293 512,131 Equipment 2- 10 374,192 350,014 Leasehold improvements 3- 10 87,406 87,289 929,891 949,434 Less - Accumulated depreciation and amortization 559,234 574,835 Subtotal 370,657 374,599 Construction in progress 29,337 25,862 Premises and equipment, net $ 494,240 $ 510,241

Other real estate owned (Tables

Other real estate owned (Tables)	12 Months Ended
	Dec. 31, 2021
Other Real Estate [Abstract]
Other real estate owned	For the year ended December 31, 2021 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 13,214 $ 69,932 $ 83,146 Write-downs in value ( 1,058) ( 2,161) ( 3,219) Additions 9,746 55,898 65,644 Sales ( 7,282) ( 52,666) ( 59,948) Other adjustments 397 ( 943) ( 546) Ending balance $ 15,017 $ 70,060 $ 85,077 For the year ended December 31, 2020 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 16,959 $ 105,113 $ 122,072 Write-downs in value ( 1,564) ( 3,060) ( 4,624) Additions 2,223 17,785 20,008 Sales ( 4,359) ( 49,797) ( 54,156) Other adjustments ( 45) ( 109) ( 154) Ending balance $ 13,214 $ 69,932 $ 83,146 For the year ended December 31, 2019 OREO OREO (In thousands) Commercial/ Construction Mortgage Total Balance at beginning of period $ 21,794 $ 114,911 $ 136,705 Write-downs in value ( 1,584) ( 4,541) ( 6,125) Additions 6,801 62,630 69,431 Sales ( 9,892) ( 67,137) ( 77,029) Other adjustments ( 160) ( 750) ( 910) Ending balance $ 16,959 $ 105,113 $ 122,072

Other assets (Tables)

Other assets (Tables)	12 Months Ended
	Dec. 31, 2021
Other Assets Abstract
Other Assets by Major Categories	(In thousands) December 31, 2021 December 31, 2020 Net deferred tax assets (net of valuation allowance) $ 657,597 $ 851,592 Investments under the equity method 298,988 250,467 Prepaid taxes 37,924 32,615 Other prepaid expenses 79,845 74,572 Derivative assets 26,093 20,785 Trades receivable from brokers and counterparties 65,460 65,429 Principal, interest and escrow servicing advances 53,942 65,671 Guaranteed mortgage loan claims receivable 98,001 80,477 Operating ROU assets (Note 33) 141,748 131,921 Finance ROU assets (Note 33) 13,459 15,464 Others 155,514 148,048 Total other assets $ 1,628,571 $ 1,737,041

Goodwill and other intangible_2

Goodwill and other intangible assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure
Components of Other Intangible Assets Subject to Amortization	The following table reflects the components of other intangible assets subject to amortization: Gross Net Carrying Accumulated Carrying (In thousands) Amount Amortization Value December 31, 2021 Core deposits $ 12,810 $ 8,754 $ 4,056 Other customer relationships 14,286 2,883 11,403 Total other intangible assets $ 27,096 $ 11,637 $ 15,459 December 31, 2020 Core deposits $ 12,810 $ 7,473 $ 5,337 Other customer relationships 26,397 15,684 10,713 Trademark 488 236 252 Total other intangible assets $ 39,695 $ 23,393 $ 16,302
Estimated Amortization of the Intangible Assets with Definite Useful Lives	The following table presents the estimated amortization of the intangible assets with definite useful lives for each of the following periods: (In thousands) Year 2022 $ 3,299 Year 2023 3,179 Year 2024 2,938 Year 2025 1,750 Year 2026 1,416 Later years 2,877
Goodwill and accumulated impairment losses by reportable segments	The changes in the carrying amount of goodwill for the year ended December 31, 2021, allocated by reportable segments, were as follows (refer to Note 37 for the definition of the Corporation’s reportable segments): 2021 Balance at Goodwill on Balance at (In thousands) January 1, 2021 acquisition December 31,2021 Banco Popular de Puerto Rico $ 320,248 $ - $ 320,248 Popular U.S. 350,874 49,171 400,045 Total Popular, Inc. $ 671,122 $ 49,171 $ 720,293 The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments . December 31, 2021 Balance at Balance at December 31, Accumulated December 31, 2021 impairment 2021 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 324,049 $ 3,801 $ 320,248 Popular U.S. 564,456 164,411 400,045 Total Popular, Inc. $ 888,505 $ 168,212 $ 720,293 December 31, 2020 Balance at Balance at December 31, Accumulated December 31, 2020 impairment 2020 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 324,049 $ 3,801 $ 320,248 Popular U.S. 515,285 164,411 350,874 Total Popular, Inc. $ 839,334 $ 168,212 $ 671,122

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2021
Deposits [Abstract]
Interest bearing deposits	(In thousands) December 31, 2021 December 31, 2020 Savings accounts $ 15,871,998 $ 14,031,736 NOW, money market and other interest bearing demand deposits 28,736,459 22,398,057 Total savings, NOW, money market and other interest bearing demand deposits 44,608,457 36,429,793 Certificates of deposit: Under $250,000 4,086,059 4,524,794 $250,000 and over 2,626,090 2,783,054 Total certificates of deposit 6,712,149 7,307,848 Total interest bearing deposits $ 51,320,606 $ 43,737,641
Time deposit by maturity disclosure	(In thousands) 2022 $ 4,043,357 2023 864,315 2024 681,201 2025 511,710 2026 534,030 2027 and thereafter 77,536 Total certificates of deposit $ 6,712,149

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of Repurchase Agreements	Repurchase agreements accounted for as secured borrowings December 31, 2021 December 31, 2020 Repurchase liability Repurchase liability Repurchase weighted average Repurchase weighted average (Dollars in thousands) liability interest rate liability interest rate U.S. Treasury securities Within 30 days $ 19,538 0.30 % $ 67,157 1.16 % After 30 to 90 days 30,295 0.21 39,318 1.20 After 90 days 29,036 0.29 9,979 0.33 Total U.S. Treasury securities 78,869 0.26 116,454 1.10 Mortgage-backed securities Within 30 days 11,733 0.26 3,778 0.28 After 30 to 90 days - - 268 1.50 After 90 days 722 0.16 - - Total mortgage-backed securities 12,455 0.26 4,046 0.36 Collateralized mortgage obligations Within 30 days 279 0.25 803 0.24 Total collateralized mortgage obligations 279 0.25 803 0.24 Total $ 91,603 0.26 % $ 121,303 1.07 %
Schedule Of Maximum Aggregate Balance Average Aggregate Balance And Weighted Average Interest Rate [Text Block]	(Dollars in thousands) 2021 2020 Maximum aggregate balance outstanding at any month-end $ 92,101 $ 195,498 Average monthly aggregate balance outstanding $ 91,394 $ 143,718 Weighted average interest rate: For the year 0.35 % 1.63 % At December 31 0.26 % 1.11 % . The following table presents additional information related to the Corporation’s other short-term borrowings for the years ended December 31, 2021 and December 31, 2020. (Dollars in thousands) 2021 2020 Maximum aggregate balance outstanding at any month-end $ 75,000 $ 100,000 Average monthly aggregate balance outstanding $ 343 $ 21,557 Weighted average interest rate: For the year 0.35 % 0.56 % At December 31 0.35 % 0.73 %
Notes Payable	Notes Payable The following table presents the composition of notes payable at December 31, 2021 and December 31, 2020. (In thousands) December 31, 2021 December 31, 2020 Advances with the FHLB with maturities ranging from 2022 through 2029 paying interest at monthly fixed rates ranging from 0.39% to 3.18% (2020 - 0.39% to 4.19%) $ 492,429 $ 542,469 Advances with the FRB maturing on 2022 paying interest at annual fixed rate of 0.35% [1] - 1,009 Unsecured senior debt securities maturing on 2023 paying interest semiannually at a fixed rate of 6.125%, net of debt issuance costs of $ 2,158 (2020 - $ 3,426) 297,842 296,574 Junior subordinated deferrable interest debentures (related to trust preferred securities) maturing on 2034 with fixed interest rates ranging from 6.125% to 6.564% (2020 - 6.125% to 6.70%), net of debt issuance costs of $ 342 (2020 - $ 369) 198,292 384,929 Total notes payable $ 988,563 $ 1,224,981 [1] During the second quarter of 2021, the Paycheck Protection Program Liquidity Facility advance was prepaid.
Maturity distribution of debt securities	A breakdown of borrowings by contractual maturities at December 31, 2021 is included in the table below. Assets sold under Short-term (In thousands) agreements to repurchase borrowings Notes payable Total 2022 $ 91,603 75,000 $ 103,148 $ 269,751 2023 - - 341,103 341,103 2024 - - 91,943 91,943 2025 - - 139,920 139,920 2026 - - 74,500 74,500 Later years - - 237,949 237,949 Total borrowings $ 91,603 75,000 $ 988,563 $ 1,155,166

Trust preferred securities (Tab

Trust preferred securities (Tables)	12 Months Ended
	Dec. 31, 2021
Trust preferred securities [Abstract]
Schedule Of Financial Data Pertaining To Different Trusts [Table Text Block]	The following tables presents financial data pertaining to the different trusts at December 31, 2021 and 2020. (Dollars in thousands) December 31, 2021 Popular North America Popular Issuer Capital Trust I Capital Trust Il Capital securities $ 91,651 $ 101,023 Distribution rate 6.564 % 6.125 % Common securities $ 2,835 $ 3,125 Junior subordinated debentures aggregate liquidation amount $ 94,486 $ 104,148 Stated maturity date September 2034 December 2034 Reference notes [1],[3],[5] [2],[4],[5] [1] Statutory business trust that is wholly-owned by PNA and indirectly wholly-owned by the Corporation. [2] Statutory business trust that is wholly-owned by the Corporation. [3] The obligation of PNA under the junior subordinated debenture and its guarantees of the capital securities under the trust is fully and unconditionally guaranteed on a subordinated basis by the Corporation to the extent set forth in the guarantee agreement. [4] These capital securities are fully and unconditionally guaranteed on a subordinated basis by the Corporation to the extent set forth in the guarantee agreement. [5] The Corporation has the right, subject to any required prior approval from the Federal Reserve, to redeem after certain dates or upon the occurrence of certain events mentioned below, the junior subordinated debentures at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest to the date of redemption. The maturity of the junior subordinated debentures may be shortened at the option of the Corporation prior to their stated maturity dates (i) on or after the stated optional redemption dates stipulated in the agreements, in whole at any time or in part from time to time, or (ii) in whole, but not in part, at any time within 90 days following the occurrence and during the continuation of a tax event, an investment company event or a capital treatment event as set forth in the indentures relating to the capital securities, in each case subject to regulatory approval. (Dollars in thousands) December 31, 2020 Popular Popular North America Popular Issuer Capital Trust I Capital Trust I Capital Trust Il Capital securities $ 181,063 $ 91,651 $ 101,023 Distribution rate 6.700 % 6.564 % 6.125 % Common securities $ 5,601 $ 2,835 $ 3,125 Junior subordinated debentures aggregate liquidation amount $ 186,664 $ 94,486 $ 104,148 Stated maturity date November 2033 September 2034 December 2034 Reference notes [2],[4],[5] [1],[3],[5] [2],[4],[5] [1] Statutory business trust that is wholly-owned by PNA and indirectly wholly-owned by the Corporation. [2] Statutory business trust that is wholly-owned by the Corporation. [3] The obligation of PNA under the junior subordinated debenture and its guarantees of the capital securities under the trust is fully and unconditionally guaranteed on a subordinated basis by the Corporation to the extent set forth in the guarantee agreement. [4] These capital securities are fully and unconditionally guaranteed on a subordinated basis by the Corporation to the extent set forth in the applicable guarantee agreement. [5] The Corporation has the right, subject to any required prior approval from the Federal Reserve, to redeem after certain dates or upon the occurrence of certain events mentioned below, the junior subordinated debentures at a redemption price equal to 100% of the principal amount, plus accrued and unpaid interest to the date of redemption. The maturity of the junior subordinated debentures may be shortened at the option of the Corporation prior to their stated maturity dates (i) on or after the stated optional redemption dates stipulated in the agreements, in whole at any time or in part from time to time, or (ii) in whole, but not in part, at any time within 90 days following the occurrence and during the continuation of a tax event, an investment company event or a capital treatment event as set forth in the indentures relating to the capital securities, in each case subject to regulatory approval.

Other liabilities (Tables)

Other liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Other Liabilities Table Text Block	(In thousands) December 31, 2021 December 31, 2020 Accrued expenses $ 308,594 $ 235,449 Accrued interest payable 33,227 38,622 Accounts payable 91,804 69,784 Dividends payable 35,937 33,701 Trades payable 13,789 720,212 Liability for GNMA loans sold with an option to repurchase 12,806 57,189 Reserves for loan indemnifications 12,639 24,781 Reserve for operational losses 43,886 41,452 Operating lease liabilities (Note 33) 154,114 152,588 Finance lease liabilities (Note 33) 19,719 22,572 Pension benefit obligation 8,778 35,568 Postretirement benefit obligation 161,988 179,211 Others 70,967 73,560 Total other liabilities $ 968,248 $ 1,684,689

Regulatory capital requiremen_2

Regulatory capital requirements (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Regulatory Capital Requirements Additional Information [Abstract]
Schedule Of Compliance With Regulatory Capital Requirements Under Banking Regulations	Actual Capital adequacy minimum requirement (including conservation capital buffer) [1] (Dollars in thousands) Amount Ratio Amount Ratio 2021 Total Capital (to Risk-Weighted Assets): Corporation $ 6,084,105 19.35 % $ 3,301,329 10.500 % BPPR 4,281,930 18.92 2,376,184 10.500 PB 1,361,911 16.78 852,032 10.500 Common Equity Tier I Capital (to Risk-Weighted Assets): Corporation $ 5,476,031 17.42 % $ 2,200,886 7.000 % BPPR 3,998,102 17.67 1,584,123 7.000 PB 1,309,398 16.14 568,021 7.000 Tier I Capital (to Risk-Weighted Assets): Corporation $ 5,498,174 17.49 % $ 2,672,504 8.500 % BPPR 3,998,102 17.67 1,923,577 8.500 PB 1,309,398 16.14 689,740 8.500 Tier I Capital (to Average Assets): Corporation $ 5,498,174 7.41 % $ 2,969,535 4 % BPPR 3,998,102 6.24 2,561,003 4 PB 1,309,398 13.44 389,736 4 [1] The conservation capital buffer included for these ratios is 2.5%, except for the Tier I to Average Asset ratio for which the buffer is not applicable and therefore the capital adequacy minimum of 4% is presented. Actual Capital adequacy minimum requirement (including conservation capital buffer) (Dollars in thousands) Amount Ratio Amount Ratio 2020 Total Capital (to Risk-Weighted Assets): Corporation $ 5,773,919 18.81 % $ 3,223,720 10.500 % BPPR 4,226,887 18.58 2,388,394 10.500 PB 1,283,332 17.34 776,975 10.500 Common Equity Tier I Capital (to Risk-Weighted Assets): Corporation $ 4,992,096 16.26 % $ 2,149,146 7.000 % BPPR 3,940,385 17.32 1,592,262 7.000 PB 1,190,758 16.09 517,983 7.000 Tier I Capital (to Risk-Weighted Assets): Corporation $ 5,014,239 16.33 % $ 2,609,678 8.500 % BPPR 3,940,385 17.32 1,933,461 8.500 PB 1,190,758 16.09 628,980 8.500 Tier I Capital (to Average Assets): Corporation $ 5,014,239 7.80 % $ 2,572,201 4 % BPPR 3,940,385 7.26 2,169,835 4 PB 1,190,758 12.35 385,685 4
Schedule Of Minimum Amount And Ratios To Be Categorized As Well Capitalized	2021 2020 (Dollars in thousands) Amount Ratio Amount Ratio Total Capital (to Risk-Weighted Assets): BPPR $ 2,263,032 10 % $ 2,274,660 10 % PB 811,459 10 739,976 10 Common Equity Tier I Capital (to Risk-Weighted Assets): BPPR $ 1,470,971 6.5 % $ 1,478,529 6.5 % PB 527,448 6.5 480,985 6.5 Tier I Capital (to Risk-Weighted Assets): BPPR $ 1,810,426 8 % $ 1,819,728 8 % PB 649,167 8 591,981 8 Tier I Capital (to Average Assets): BPPR $ 3,201,254 5 % $ 2,712,294 5 % PB 487,171 5 482,106 5

Other comprehensive (loss) in_2

Other comprehensive (loss) income (Tables)	12 Months Ended
	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss)
Schedule of accumulated other comprehensive income	Changes in Accumulated Other Comprehensive (Loss) Income by Component [1] Years ended December 31, (In thousands) 2021 2020 2019 Foreign currency translation Beginning Balance $ ( 71,254) $ ( 56,783) $ ( 49,936) Other comprehensive income (loss) 3,947 ( 14,471) ( 6,847) Net change 3,947 ( 14,471) ( 6,847) Ending balance $ ( 67,307) $ ( 71,254) $ ( 56,783) Adjustment of pension and postretirement benefit plans Beginning Balance $ ( 195,056) $ ( 202,816) $ ( 203,836) Other comprehensive income (loss) before reclassifications 23,094 ( 5,645) ( 13,671) Amounts reclassified from accumulated other comprehensive loss for amortization of net losses 12,968 13,405 14,691 Net change 36,062 7,760 1,020 Ending balance $ ( 158,994) $ ( 195,056) $ ( 202,816) Unrealized net holding (losses) gains on debt securities Beginning Balance $ 460,900 $ 92,155 $ ( 173,811) Other comprehensive (loss) income before reclassifications ( 557,002) 368,780 265,950 Amounts reclassified from accumulated other comprehensive income (loss) for (gains) losses on securities ( 18) ( 35) 16 Net change ( 557,020) 368,745 265,966 Ending balance $ ( 96,120) $ 460,900 $ 92,155 Unrealized net losses on cash flow hedges Beginning Balance $ ( 4,599) $ ( 2,494) $ ( 391) Reclassification to retained earnings due to cumulative effect adjustment of accounting change - - ( 50) Other comprehensive income (loss) before reclassifications 367 ( 6,400) ( 4,439) Amounts reclassified from accumulated other comprehensive loss 1,584 4,295 2,386 Net change 1,951 ( 2,105) ( 2,103) Ending balance $ ( 2,648) $ ( 4,599) $ ( 2,494) Total $ ( 325,069) $ 189,991 $ ( 169,938) [1] All amounts presented are net of tax.
Reclassification out of accumulated other comprehensive income	Reclassifications Out of Accumulated Other Comprehensive (Loss) Income Affected Line Item in the Years ended December 31, (In thousands) Consolidated Statements of Operations 2021 2020 2019 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ ( 20,749) $ ( 21,447) $ ( 23,508) Total before tax ( 20,749) ( 21,447) ( 23,508) Income tax benefit 7,781 8,042 8,817 Total net of tax $ ( 12,968) $ ( 13,405) $ ( 14,691) Unrealized net holding (losses) gains on debt securities Realized gain (loss) on sale of debt securities Net gain (loss) on sale of debt securities $ 23 $ 41 $ ( 20) Total before tax 23 41 ( 20) Income tax (expense) benefit ( 5) ( 6) 4 Total net of tax $ 18 $ 35 $ ( 16) Unrealized net losses on cash flow hedges Forward contracts Mortgage banking activities $ ( 704) $ ( 5,559) $ ( 3,992) Interest rate swaps Other operating income ( 1,143) ( 820) 110 Total before tax ( 1,847) ( 6,379) ( 3,882) Income tax benefit 263 2,084 1,496 Total net of tax $ ( 1,584) $ ( 4,295) $ ( 2,386) Total reclassification adjustments, net of tax $ ( 14,534) $ ( 17,665) $ ( 17,093)

Guarantees (Tables)

Guarantees (Tables)	12 Months Ended
	Dec. 31, 2021
Guarantee on loans sold or serviced with credit recourse
Guarantor Obligations
Credit recourse agreements reserve	The following table shows the changes in the Corporation’s liability of estimated losses from these credit recourses agreements, included in the consolidated statements of financial condition during the years ended December 31, 2021 and 2020. Years ended December 31, (In thousands) 2021 2020 Balance as of beginning of period $ 22,484 $ 34,862 Impact of adopting CECL - ( 3,831) Provision (benefit) for recourse liability ( 2,948) ( 104) Net charge-offs ( 7,736) ( 8,443) Balance as of end of period $ 11,800 $ 22,484
Banco Popular de Puerto Rico | Guarantee on loans sold or serviced with representation and warranties
Guarantor Obligations
Estimated losses associated with indemnifications and representations and warranties related to loans sold	The following table presents the changes in the Corporation’s liability for estimated losses associated with the indemnifications and representations and warranties related to loans sold during the years ended December 31, 2021 and 2020. Years ended December 31, (In thousands) 2021 2020 Balance as of beginning of period $ 2,297 $ 3,212 Provision (benefit) for representation and warranties ( 1,458) ( 915) Balance as of end of period $ 839 $ 2,297

Commitments and contingencies (

Commitments and contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure
Financial Instruments with Off-Balance Sheet Credit Risk, Whose Contract Amounts Represent Potential Credit Risk	Financial instruments with off-balance sheet credit risk, whose contract amounts represent potential credit risk as of the end of the periods presented were as follows: (In thousands) December 31, 2021 December 31, 2020 Commitments to extend credit: Credit card lines $ 5,382,089 $ 5,226,660 Commercial and construction lines of credit 3,830,601 3,805,459 Other consumer unused credit commitments 250,229 257,312 Commercial letters of credit 3,260 1,864 Standby letters of credit 27,848 22,266 Commitments to originate or fund mortgage loans 95,372 96,786
Direct exposure to the Puerto Rico government by maturity	The following table details the loans and investments representing the Corporation’s direct exposure to the Puerto Rico government according to their maturities as of December 31, 2021: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 14 $ - $ 14 $ 14 After 5 to 10 years 1 - 1 1 After 10 years 38 - 38 38 Total Central Government 53 - 53 53 Municipalities Within 1 year 4,240 68,650 72,890 72,890 After 1 to 5 years 14,395 70,962 85,357 103,546 After 5 to 10 years 11,280 123,521 134,801 134,801 After 10 years 230 55,257 55,487 55,487 Total Municipalities 30,145 318,390 348,535 366,724 Total Direct Government Exposure $ 30,198 $ 318,390 $ 348,588 $ 366,777

Non-consolidated variable int_2

Non-consolidated variable interest entities (Tables)	12 Months Ended
	Dec. 31, 2021
Variable Interest Entity
Carrying Amount and Classification of Assets Related to the Corporation's Variable Interests in Non-Consolidated VIEs and Maximum Exposure to Loss	(In thousands) December 31, 2021 December 31, 2020 Assets Servicing assets: Mortgage servicing rights $ 94,464 $ 90,273 Total servicing assets $ 94,464 $ 90,273 Other assets: Servicing advances $ 7,968 $ 8,769 Total other assets $ 7,968 $ 8,769 Total assets $ 102,432 $ 99,042 Maximum exposure to loss $ 102,432 $ 99,042

Derivative Instruments and he_3

Derivative Instruments and hedging activities (Tables)	12 Months Ended
	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure
Financial instruments designated as cash flow hedges or non-hedging derivatives outstanding	Notional amount Derivative assets Derivative liabilities Statement of Fair value at Statement of Fair value at At December 31, condition December 31, condition December 31, (In thousands) 2021 2020 classification 2021 2020 classification 2021 2020 Derivatives designated as hedging instruments: Forward contracts $ 87,900 $ 188,800 Other assets $ 18 $ - Other liabilities $ 125 $ 1,267 Total derivatives designated as hedging instruments $ 87,900 $ 188,800 $ 18 $ - $ 125 $ 1,267 Derivatives not designated as hedging instruments: Interest rate caps $ 27,866 $ 29,248 Other assets $ - $ - Other liabilities $ - $ - Indexed options on deposits 79,114 69,054 Other assets 26,075 20,785 - - - Bifurcated embedded options 72,352 63,121 - - - Interest bearing deposits 22,753 17,658 Total derivatives not designated as hedging instruments $ 179,332 $ 161,423 $ 26,075 $ 20,785 $ 22,753 $ 17,658 Total derivative assets and liabilities $ 267,232 $ 350,223 $ 26,093 $ 20,785 $ 22,878 $ 18,925
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	Year ended December 31, 2021 (In thousands) Amount of net gain (loss) recognized in OCI on derivatives (effective portion) Classification in the statement of operations of the net gain (loss) reclassified from AOCI into income (effective portion and ineffective portion) Amount of net gain (loss) reclassified from AOCI into income (effective portion) Amount of net gain (loss) recognized in income on derivatives (ineffective portion) Forward contracts $ 456 Mortgage banking activities $ ( 704) $ - Total $ 456 $ ( 704) $ - Year ended December 31, 2020 (In thousands) Amount of net gain (loss) recognized in OCI on derivatives (effective portion) Classification in the statement of operations of the net gain (loss) reclassified from AOCI into income (effective portion and ineffective portion) Amount of net gain (loss) reclassified from AOCI into income (effective portion) Amount of net gain (loss) recognized in income on derivatives (ineffective portion) Forward contracts $ ( 6,594) Mortgage banking activities $ ( 5,559) $ - Total $ ( 6,594) $ ( 5,559) $ - Year ended December 31, 2019 (In thousands) Amount of net gain (loss) recognized in OCI on derivatives (effective portion) Classification in the statement of operations of the net gain (loss) reclassified from AOCI into income (effective portion and ineffective portion) Amount of net gain (loss) reclassified from AOCI into income (effective portion) Amount of net gain (loss) recognized in income on derivatives (ineffective portion) Forward contracts $ ( 3,502) Mortgage banking activities $ ( 3,992) $ - Total $ ( 3,502) $ ( 3,992) $ -
Amount of Net Gain (Loss) Recognized in Income on Derivatives	Amount of Net Gain (Loss) Recognized in Income on Derivatives Year ended Year ended Year ended Classification of Net Gain (Loss) December 31, December 31, December 31, (In thousands) Recognized in Income on Derivatives 2021 2020 2019 Forward contracts Mortgage banking activities $ 2,027 $ ( 5,027) $ ( 2,254) Interest rate caps Other operating income - - ( 5) Indexed options on deposits Interest expense 6,824 5,462 7,898 Bifurcated embedded options Interest expense ( 6,538) ( 3,417) ( 6,883) Total $ 2,313 $ ( 2,982) $ ( 1,244)

Related party transactions (Tab

Related party transactions (Tables)	12 Months Ended
	Dec. 31, 2021
Related party transactions	(In thousands) Balance at December 31, 2019 $ 133,054 New loans 8,360 Payments ( 16,839) Other changes, including existing loans to new related parties 316 Balance at December 31, 2020 $ 124,891 New loans 3,182 Payments ( 28,208) Other changes, including existing loans to new related parties 2,714 Balance at December 31, 2021 $ 102,579 New loans and payments include disbursements and collections from existing lines of credit.
EVERTEC Inc.
Equity method investments	(In thousands) December 31, 2021 December 31, 2020 Equity investment in EVERTEC $ 110,299 $ 86,158
Balance sheet data resulting from related party transactions	(In thousands) December 31, 2021 December 31, 2020 Accounts receivable (Other assets) $ 5,668 $ 5,678 Deposits ( 150,737) ( 125,361) Accounts payable (Other liabilities) ( 3,431) ( 2,395) Net total $ ( 148,500) $ ( 122,078)
Proportionate Share Of Income Loss And Changes In Stockholders Equity	Years ended December 31, (In thousands) 2021 2020 2019 Share of income from investment in EVERTEC $ 26,096 $ 16,936 $ 16,749 Share of other changes in EVERTEC's stockholders' equity 53 865 516 Share of EVERTEC's changes in equity recognized in income $ 26,149 $ 17,801 $ 17,265
Income Statement Data Resulting From Related Party Transactions	Years ended December 31, (In thousands) 2021 2020 2019 Category Interest expense on deposits $ ( 388) $ ( 315) $ ( 106) Interest expense ATH and credit cards interchange income from services to EVERTEC 27,384 22,406 29,224 Other service fees Rental income charged to EVERTEC 6,593 7,305 7,418 Net occupancy Fees on services provided by EVERTEC ( 245,945) ( 223,069) ( 219,992) Professional fees Other services provided to EVERTEC 740 1,002 1,118 Other operating expenses Total $ ( 211,616) $ ( 192,671) $ ( 182,338)

Fair value measurement (Tables)

Fair value measurement (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures
Assets and Liabilities Measured at Fair Value on a Recurring Basis	At December 31, 2021 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE MEASUREMENTS Assets Debt securities available-for-sale: U.S. Treasury securities $ - $ 15,859,030 $ - $ - $ 15,859,030 Obligations of U.S. Government sponsored entities - 70 - - 70 Collateralized mortgage obligations - federal agencies - 221,265 - - 221,265 Mortgage-backed securities - 8,886,950 826 - 8,887,776 Other - 128 - - 128 Total debt securities available-for-sale $ - $ 24,967,443 $ 826 $ - $ 24,968,269 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 6,530 $ - $ - $ - $ 6,530 Obligations of Puerto Rico, States and political subdivisions - 85 - - 85 Collateralized mortgage obligations - 59 198 - 257 Mortgage-backed securities - 22,559 - - 22,559 Other - - 280 - 280 Total trading account debt securities, excluding derivatives $ 6,530 $ 22,703 $ 478 $ - $ 29,711 Equity securities $ - $ 32,429 $ - $ 77 $ 32,506 Mortgage servicing rights - - 121,570 - 121,570 Derivatives - 26,093 - - 26,093 Total assets measured at fair value on a recurring basis $ 6,530 $ 25,048,668 $ 122,874 $ 77 $ 25,178,149 Liabilities Derivatives $ - $ ( 22,878) $ - $ - $ ( 22,878) Contingent consideration - - ( 9,241) - ( 9,241) Total liabilities measured at fair value on a recurring basis $ - $ ( 22,878) $ ( 9,241) $ - $ ( 32,119) At December 31, 2020 (In thousands) Level 1 Level 2 Level 3 Total RECURRING FAIR VALUE MEASUREMENTS Assets Debt securities available-for-sale: U.S. Treasury securities $ 3,499,781 $ 7,288,259 $ - $ 10,788,040 Obligations of U.S. Government sponsored entities - 60,184 - 60,184 Collateralized mortgage obligations - federal agencies - 392,132 - 392,132 Mortgage-backed securities - 10,319,547 1,014 10,320,561 Other - 235 - 235 Total debt securities available-for-sale $ 3,499,781 $ 18,060,357 $ 1,014 $ 21,561,152 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 11,506 $ - $ - $ 11,506 Obligations of Puerto Rico, States and political subdivisions - 103 - 103 Collateralized mortgage obligations - 68 278 346 Mortgage-backed securities - 24,338 - 24,338 Other - - 381 381 Total trading account debt securities, excluding derivatives $ 11,506 $ 24,509 $ 659 $ 36,674 Equity securities $ - $ 29,590 $ - $ 29,590 Mortgage servicing rights - - 118,395 118,395 Derivatives - 20,785 - 20,785 Total assets measured at fair value on a recurring basis $ 3,511,287 $ 18,135,241 $ 120,068 $ 21,766,596 Liabilities Derivatives $ - $ ( 18,925) $ - $ ( 18,925) Total liabilities measured at fair value on a recurring basis $ - $ ( 18,925) $ - $ ( 18,925)
Nonrecurring fair value measurements	Year ended December 31, 2021 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 21,167 $ 21,167 $ ( 3,721) Other real estate owned [2] - - 7,727 7,727 ( 1,579) Other foreclosed assets [2] - - 68 68 ( 33) Long-lived assets held-for-sale [3] - - 9,007 9,007 ( 5,320) Trademark [4] - - 156 156 ( 5,404) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 38,125 $ 38,125 $ ( 16,057) [1] Relates mostly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations. Costs to sell are excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and other collateral owned that were written down to their fair value. Costs to sell are excluded from the reported fair value amount. [3] Represents the fair value of long-lived assets held-for-sale that were written down to their fair value. [4] Represents the fair value of a trademark due to a write-down on impairment. Year ended December 31, 2020 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 74,511 $ 74,511 $ ( 15,290) Loans held-for-sale [2] - - 2,738 2,738 ( 1,311) Other real estate owned [3] - - 20,123 20,123 ( 3,325) Other foreclosed assets [3] - - 116 116 ( 148) ROU assets [4] - - 446 446 ( 15,920) Leasehold improvements [4] - - 126 126 ( 2,084) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 98,060 $ 98,060 $ ( 38,078) [1] Relates mostly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations. Costs to sell are excluded from the reported fair value amount. [2] Relates to a quarterly valuation on loans held-for-sale. Costs to sell are excluded from the reported fair value amount. [3] Represents the fair value of foreclosed real estate and other collateral owned that were written down to their fair value. Costs to sell are excluded from the reported fair value amount. [4] The impairment was measured based on the sublease rental value of the branches that were subject to the strategic realignment of PB's New Metro Branch network. Year ended December 31, 2019 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 35,363 $ 35,363 $ ( 13,533) Other real estate owned [2] - - 18,132 18,132 ( 3,526) Other foreclosed assets [2] - - 1,213 1,213 ( 156) Long-lived assets held-for-sale [3] - - 2,500 2,500 ( 2,591) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 57,208 $ 57,208 $ ( 19,806) [1] Relates mostly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations. Costs to sell are excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and other collateral owned that were written down to their fair value. Costs to sell are excluded from the reported fair value amount. [3] Represents the fair value of long-lived assets held-for-sale that were written down to their fair value.
Assets measured on recurring basis, unobservable input reconciliation	Year ended December 31, 2021 MBS Other classified CMOs securities as debt classified classified securities as trading as trading Mortgage available- account debt account debt servicing Total Contingent Total (In thousands) for-sale securities securities rights assets Consideration liabilities Balance at January 1, 2021 $ 1,014 $ 278 $ 381 $ 118,395 $ 120,068 $ - $ - Gains (losses) included in earnings - ( 1) ( 101) ( 10,216) ( 10,318) - - Gains (losses) included in OCI ( 13) - - - ( 13) - - Additions - 29 - 13,391 13,419 9,241 9,241 Settlements ( 175) ( 107) - - ( 282) - - Balance at December 31, 2021 $ 826 $ 198 $ 280 $ 121,570 $ 122,874 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at December 31, 2021 $ - $ ( 1) $ ( 45) $ 6,410 $ 6,364 $ - - Year ended December 31, 2020 MBS Other classified CMOs securities as debt classified classified securities as trading as trading Mortgage available- account debt account debt servicing Total (In thousands) for-sale securities securities rights assets Balance at January 1, 2020 $ 1,182 $ 530 $ 440 $ 150,906 $ 153,058 Gains (losses) included in earnings - ( 1) ( 59) ( 42,055) ( 42,115) Gains (losses) included in OCI ( 18) - - - ( 18) Additions - 4 - 9,544 9,548 Settlements ( 150) ( 255) - - ( 405) Balance at December 31, 2020 $ 1,014 $ 278 $ 381 $ 118,395 $ 120,068 Changes in unrealized gains (losses) included in earnings relating to assets still held at December 31, 2020 $ - $ - $ 27 $ ( 19,327) $ ( 19,300) Year ended December 31, 2019 MBS Other classified CMOs securities as debt classified MBS classified securities as trading classified as as trading Mortgage available- account debt trading account account debt servicing Total (In thousands) for-sale securities debt securities securities rights assets Balance at January 1, 2019 $ 1,233 $ 611 $ 43 $ 485 $ 169,777 $ 172,149 Gains (losses) included in earnings - ( 1) ( 1) ( 45) ( 27,516) ( 27,563) Gains (losses) included in OCI ( 1) - - - - ( 1) Additions - 71 25 - 9,143 9,239 Settlements ( 50) ( 151) ( 41) - ( 498) ( 740) Transfers out of Level 3 - - ( 26) - - ( 26) Balance at December 31, 2019 $ 1,182 $ 530 $ - $ 440 $ 150,906 $ 153,058 Changes in unrealized gains (losses) included in earnings relating to assets still held at December 31, 2019 $ - $ 1 $ - $ 20 $ ( 14,190) $ ( 14,169)
Gain (loss) included in earnings, measured on recurring basis	2021 2020 2019 Total Changes in unrealized Total Changes in unrealized Total Changes in unrealized gains (losses) gains (losses) gains (losses) gains (losses) gains (losses) gains (losses) included relating to assets still included relating to assets still included relating to assets still (In thousands) in earnings held at reporting date in earnings held at reporting date in earnings held at reporting date Mortgage banking activities $ ( 10,216) $ 6,410 $ ( 42,055) $ ( 19,327) $ ( 27,516) $ ( 14,190) Trading account (loss) profit ( 102) ( 46) ( 60) 27 ( 47) 21 Total $ ( 10,318) $ 6,364 $ ( 42,115) $ ( 19,300) $ ( 27,563) $ ( 14,169)
Fair value measurements, recurring and nonrecurring valuation techniques	Fair value at December 31, (In thousands) 2021 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 198 Discounted cash flow model Weighted average life 0.8 years ( 0.04 - 1.0 years) Yield 3.6% ( 3.6% - 4.1%) Prepayment speed 11.4% ( 10.1% - 17.2%) Other - trading $ 280 Discounted cash flow model Weighted average life 2.9 years Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 20,041 [2] External appraisal Haircut applied on external appraisals 5.0% Other real estate owned $ 3,631 [3] External appraisal Haircut applied on external appraisals 22.3% ( 5.0% - 35.0%) [1] Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table. [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table. Fair value at December 31, (In thousands) 2020 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 278 Discounted cash flow model Weighted average life 1.2 years ( 0.6 - 1.4 years) Yield 3.6% ( 3.6% - 4.1%) Prepayment speed 17.7% ( 13.8% - 18.3%) Other - trading $ 381 Discounted cash flow model Weighted average life 3.6 years Yield 12.0% Prepayment speed 10.8% Mortgage servicing rights $ 118,395 Discounted cash flow model Prepayment speed 6.9% ( 0.3% - 24.6%) Weighted average life 6.0 years ( 0.3 - 12.3 years) Discount rate 11.1% ( 9.5% - 14.7%) Loans held-in-portfolio $ 74,347 [2] External appraisal Haircut applied on external appraisals 20.9% ( 10.0% - 40.0%) Other real estate owned $ 14,926 [3] External appraisal Haircut applied on external appraisals 22.1% ( 5.0% - 30.0%) [1] Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table. [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table.

Fair value of financial instr_2

Fair value of financial instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures
Carrying or Notional Amounts and Estimated Fair Values for Financial Instruments	The following tables present the carrying amount and estimated fair values of financial instruments with their corresponding level in the fair value hierarchy. The aggregate fair value amounts of the financial instruments disclosed do not represent management’s estimate of the underlying value of the Corporation. December 31, 2021 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 428,433 $ 428,433 $ - $ - $ - $ 428,433 Money market investments 17,536,719 17,530,640 6,079 - - 17,536,719 Trading account debt securities, excluding derivatives [1] 29,711 6,530 22,703 478 - 29,711 Debt securities available-for-sale [1] 24,968,269 - 24,967,443 826 - 24,968,269 Debt securities held-to-maturity: Obligations of Puerto Rico, States and political subdivisions $ 65,380 $ - $ - $ 77,383 $ - $ 77,383 Collateralized mortgage obligation-federal agency 25 - - 25 - 25 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities held-to-maturity $ 71,365 $ - $ 5,960 $ 77,408 $ - $ 83,368 Equity securities: FHLB stock $ 59,918 $ - $ 59,918 $ - $ - $ 59,918 FRB stock 96,217 - 96,217 - - 96,217 Other investments 33,842 - 32,429 3,704 77 36,210 Total equity securities $ 189,977 $ - $ 188,564 $ 3,704 $ 77 $ 192,345 Loans held-for-sale $ 59,168 $ - $ - $ 59,885 $ - $ 59,885 Loans held-in-portfolio 28,545,191 - - 27,489,583 - 27,489,583 Mortgage servicing rights 121,570 - - 121,570 - 121,570 Derivatives 26,093 - 26,093 - - 26,093 December 31, 2021 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 60,292,939 $ - $ 60,292,939 $ - $ - $ 60,292,939 Time deposits 6,712,149 - 6,647,301 - - 6,647,301 Total deposits $ 67,005,088 $ - $ 66,940,240 $ - $ - $ 66,940,240 Assets sold under agreements to repurchase $ 91,603 $ - $ 91,602 $ - $ - $ 91,602 Other short-term borrowings [2] $ 75,000 $ - $ 75,000 $ - $ - $ 75,000 Notes payable: FHLB advances $ 492,429 $ - $ 496,091 $ - $ - $ 496,091 Unsecured senior debt securities 297,842 - 319,296 - - 319,296 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,292 - 201,879 - - 201,879 Total notes payable $ 988,563 $ - $ 1,017,266 $ - $ - $ 1,017,266 Derivatives $ 22,878 $ - $ 22,878 $ - $ - $ 22,878 Contingent consideration $ 9,241 $ - $ - $ 9,241 $ - $ 9,241 [1] Refer to Note 28 to the Consolidated Financial Statements for the fair value by class of financial asset and its hierarchy level. [2] Refer to Note 17 to the Consolidated Financial Statements for the composition of other short-term borrowings. December 31, 2020 Carrying (In thousands) amount Level 1 Level 2 Level 3 Fair value Financial Assets: Cash and due from banks $ 491,065 $ 491,065 $ - $ - $ 491,065 Money market investments 11,640,880 11,634,851 6,029 - 11,640,880 Trading account debt securities, excluding derivatives [1] 36,674 11,506 24,509 659 36,674 Debt securities available-for-sale [1] 21,561,152 3,499,781 18,060,357 1,014 21,561,152 Debt securities held-to-maturity: Obligations of Puerto Rico, States and political subdivisions $ 70,768 $ - $ - $ 83,298 $ 83,298 Collateralized mortgage obligation-federal agency 31 - - 32 32 Securities in wholly owned statutory business trusts 11,561 - 11,561 - 11,561 Total debt securities held-to-maturity $ 82,360 $ - $ 11,561 $ 83,330 $ 94,891 Equity securities: FHLB stock $ 49,799 $ - $ 49,799 $ - $ 49,799 FRB stock 93,045 - 93,045 - 93,045 Other investments 30,893 - 29,590 1,495 31,085 Total equity securities $ 173,737 $ - $ 172,434 $ 1,495 $ 173,929 Loans held-for-sale $ 99,455 $ - $ - $ 102,189 $ 102,189 Loans held-in-portfolio 28,488,946 - - 27,098,297 27,098,297 Mortgage servicing rights 118,395 - - 118,395 118,395 Derivatives 20,785 - 20,785 - 20,785 December 31, 2020 Carrying (In thousands) amount Level 1 Level 2 Level 3 Fair value Financial Liabilities: Deposits: Demand deposits $ 49,558,492 $ - $ 49,558,492 $ - $ 49,558,492 Time deposits 7,307,848 - 7,319,963 - 7,319,963 Total deposits $ 56,866,340 $ - $ 56,878,455 $ - $ 56,878,455 Assets sold under agreements to repurchase $ 121,303 $ - $ 121,257 $ - $ 121,257 Notes payable: FHLB advances $ 542,469 $ - $ 561,977 $ - $ 561,977 Unsecured senior debt securities 296,574 - 321,078 - 321,078 Junior subordinated deferrable interest debentures (related to trust preferred securities) 384,929 - 395,078 - 395,078 FRB advances 1,009 - 1,009 - 1,009 Total notes payable $ 1,224,981 $ - $ 1,279,142 $ - $ 1,279,142 Derivatives $ 18,925 $ - $ 18,925 $ - $ 18,925 [1] Refer to Note 28 to the Consolidated Financial Statements for the fair value by class of financial asset and its hierarchy level.

Employee benefits (Tables)

Employee benefits (Tables)	12 Months Ended
	Dec. 31, 2021
Employee benefits
Schedule Of Allocation Of Plan Assets	Minimum allotment Maximum allotment 2021 2020 Equity 0 % 70 % 30 % 38 % Debt securities 0 % 100 % 67 % 60 % Popular related securities 0 % 5 % 2 % 1 % Cash and cash equivalents 0 % 100 % 1 % 1 % 2021 2020 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total Level 1 Level 2 Level 3 Measured at NAV Total Obligations of the U.S. Government, its agencies, states and political subdivisions $ - $ 9,259 $ - $ 188,377 $ 197,636 $ - $ 187,065 $ - $ 7,377 $ 194,442 Corporate bonds and debentures - 375,875 - 8,485 384,360 - 326,344 - 8,180 334,524 Equity securities - Common Stocks 41,414 - - - 41,414 101,081 - - - 101,081 Equity securities - ETF's 111,365 25,446 - - 136,811 94,009 38,229 - - 132,238 Foreign commingled trust funds - - - 82,912 82,912 - - - 98,431 98,431 Mutual fund - 5,262 - - 5,262 - 4,526 - - 4,526 Private equity investments - - 56 - 56 - - 70 - 70 Cash and cash equivalents 7,523 - - - 7,523 9,626 - - - 9,626 Accrued investment income - - 4,510 - 4,510 - - 3,847 - 3,847 Total assets $ 160,302 $ 415,842 $ 4,566 $ 279,774 $ 860,484 $ 204,716 $ 556,164 $ 3,917 $ 113,988 $ 878,785
Schedule of changes in plan assets	(In thousands) 2021 2020 Balance at beginning of year $ 3,917 $ 4,670 Purchases, sales, issuance and settlements (net) 649 ( 753) Balance at end of year $ 4,566 $ 3,917
Schedule Of Information Popular Inc Shares Of Common Stock Held By The Plans	(In thousands, except number of shares information) 2021 2020 Shares of Popular, Inc. common stock 167,182 162,936 Fair value of shares of Popular, Inc. common stock $ 13,716 $ 9,177 Dividends paid on shares of Popular, Inc. common stock held by the plan $ 280 $ 238
Components of Net Periodic Pension/Postretirement Benefit Cost	Pension Plans OPEB Plan (In thousands) 2021 2020 2019 2021 2020 2019 Personnel costs: Service cost $ - $ - $ - $ 642 $ 713 $ 759 Other operating expenses: Interest cost 15,993 23,389 28,439 3,573 4,913 5,955 Expected return on plan assets ( 38,679) ( 38,104) ( 32,388) - - - Recognized net actuarial loss 18,876 20,880 23,508 1,873 567 - Net periodic benefit cost $ ( 3,810) $ 6,165 $ 19,559 $ 6,088 $ 6,193 $ 6,714 Total benefit cost $ ( 3,810) $ 6,165 $ 19,559 $ 6,088 $ 6,193 $ 6,714
Schedule Of Aggregate Status Of The Plans And The Amounts Recognized In The Consolidated Financial Statements	Pension Plans OPEB Plan (In thousands) 2021 2020 2021 2020 Change in benefit obligation: Benefit obligation at beginning of year $ 914,353 $ 852,551 $ 179,210 $ 168,681 Service cost - - 642 713 Interest cost 15,993 23,389 3,573 4,913 Actuarial (gain)/loss [1] ( 34,297) 83,277 ( 17,286) 11,247 Benefits paid ( 44,578) ( 44,864) ( 6,181) ( 6,344) Benefit obligation at end of year $ 851,471 $ 914,353 $ 159,958 $ 179,210 Change in fair value of plan assets: Fair value of plan assets at beginning of year $ 878,785 $ 799,935 $ - $ - Actual return on plan assets 26,049 123,484 - - Employer contributions 228 230 6,181 6,344 Benefits paid ( 44,578) ( 44,864) ( 6,181) ( 6,344) Fair value of plan assets at end of year $ 860,484 $ 878,785 $ - $ - Funded status of the plan: Benefit obligation at end of year $ ( 851,471) $ ( 914,353) $ ( 159,958) $ ( 179,210) Fair value of plan assets at end of year 860,484 878,785 - - Funded status at year end $ 9,013 $ ( 35,568) $ ( 159,958) $ ( 179,210) Amounts recognized in accumulated other comprehensive loss: Net loss 225,356 265,899 12,993 32,152 Accumulated other comprehensive loss (AOCL) $ 225,356 $ 265,899 $ 12,993 $ 32,152 Reconciliation of net (liabilities) assets: Net liabilities at beginning of year $ ( 35,568) $ ( 52,616) $ ( 179,210) $ ( 168,681) Amount recognized in AOCL at beginning of year, pre-tax 265,899 288,882 32,152 21,472 Amount prepaid at beginning of year 230,331 236,266 ( 147,058) ( 147,209) Net periodic benefit cost 3,810 ( 6,165) ( 6,088) ( 6,193) Contributions 228 230 6,181 6,344 Amount prepaid at end of year 234,369 230,331 ( 146,965) ( 147,058) Amount recognized in AOCL ( 225,356) ( 265,899) ( 12,993) ( 32,152) Net asset/(liabilities) at end of year $ 9,013 $ ( 35,568) $ ( 159,958) $ ( 179,210) [1] For 2021, significant components of the Pension Plans actuarial gain that changed the benefit obligation were mainly related to an increase in the single weighted-average discount rates partially offset by a lower return on the fair value of plan assets. For OPEB Plans significant components of the actuarial gain that change the benefit obligation were mainly related to an increase in discount rates and the per capita claim assumption at year-end which was lower than expected. The per capita claim methodology for the fully insured Medicare Advantage plans changed from age-based per capita cost to cost that do not vary by age. For 2020, significant components of the Pension Plans actuarial loss that changed the benefit obligation were mainly related to a decrease in discount rates partially offset by a greater return on the fair value of plan assets. For OPEB Plans significant components of the actuarial loss that change the benefit obligation were mainly related to a decrease in discount rates partially offset by the per capita claim assumption at year-end which was lower than expected and the healthcare trend rate assumption which was updated at year-end.
Schedule of defined benefit plan amount recognized in other comprehensive income loss	(In thousands) Pension Plans OPEB Plan 2021 2020 2021 2020 Accumulated other comprehensive loss at beginning of year $ 265,899 $ 288,882 $ 32,152 $ 21,472 Increase (decrease) in AOCL: Recognized during the year: Amortization of actuarial losses ( 18,876) ( 20,880) ( 1,873) ( 567) Occurring during the year: Net actuarial (gains)/losses ( 21,667) ( 2,103) ( 17,286) 11,247 Total (decrease) increase in AOCL ( 40,543) ( 22,983) ( 19,159) 10,680 Accumulated other comprehensive loss at end of year $ 225,356 $ 265,899 $ 12,993 $ 32,152
Schedule of Assumptions Used	Pension Plans OPEB Plan Weighted average assumptions used to determine net periodic benefit cost for the years ended December 31: 2021 2020 2019 2021 2020 2019 Discount rate for benefit obligation 2.41 - 2.48 % 3.22 - 3.27 % 4.20 - 4.23 % 2.65 % 3.38 % 4.30 % Discount rate for service cost N/A N/A N/A 3.09 % 3.72 % 4.49 % Discount rate for interest cost 1.76 - 1.80 % 2.81 - 2.83 % 3.87 - 3.90 % 2.03 % 2.98 % 3.99 % Expected return on plan assets 4.60 - 5.50 % 5.00 - 5.80 % 5.30 - 6.00 % N/A N/A N/A Initial health care cost trend rate N/A N/A N/A 5.00 % 5.00 % 5.00 % Ultimate health care cost trend rate N/A N/A N/A 4.50 % 5.00 % 5.00 % Year that the ultimate trend rate is reached N/A N/A N/A 2023 2020 2019 Pension Plans OPEB Plan Weighted average assumptions used to determine benefit obligation at December 31: 2021 2020 2021 2020 Discount rate for benefit obligation 2.79- 2.83 % 2.41- 2.48 % 2.94 % 2.65 % Initial health care cost trend rate N/A N/A 4.75 % 5.00 % Ultimate health care cost trend rate N/A N/A 4.50 % 4.50 % Year that the ultimate trend rate is reached N/A N/A 2023 2023
Schedule of Accumulated and Projected Benefit Obligations	Pension Plans OPEB Plan (In thousands) 2021 2020 2021 2020 Projected benefit obligation $ 851,471 $ 914,353 $ 159,958 $ 179,210 Accumulated benefit obligation 851,471 914,353 159,958 179,210 Fair value of plan assets 860,484 878,785 - -
Schedule of employer contribution to benefit plan	(In thousands) 2022 Pension Plans $ 227 OPEB Plan $ 5,971
Schedule of expected benefit payments	(In thousands) Pension Plans OPEB Plan 2022 $ 48,339 $ 5,971 2023 45,409 6,117 2024 45,598 6,293 2025 45,742 6,458 2026 45,824 6,667 2027 - 2031 226,642 35,807
Schedule Of Breakdown Postretirement Health Care Benefit Plan Liabilities	Pension Plans OPEB Plan (In thousands) 2021 2020 2021 2020 Non-current assets $ 17,792 $ - $ - $ - Current liabilities 227 229 5,959 6,328 Non-current liabilities 8,552 35,339 153,999 172,882

Net income per common share (Ta

Net income per common share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share
Computation of Net Income (Loss) Per Common Share ("EPS"), Basic and Diluted	(In thousands, except per share information) 2021 2020 2019 Net income $ 934,889 $ 506,622 $ 671,135 Preferred stock dividends ( 1,412) ( 1,758) ( 3,723) Net income applicable to common stock $ 933,477 $ 504,864 $ 667,412 Average common shares outstanding 81,263,027 85,882,371 96,848,835 Average potential dilutive common shares 157,127 92,888 148,965 Average common shares outstanding - assuming dilution 81,420,154 85,975,259 96,997,800 Basic EPS $ 11.49 $ 5.88 $ 6.89 Diluted EPS $ 11.46 $ 5.87 $ 6.88

Revenue from contracts with c_2

Revenue from contracts with customers (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue From Contract With Customer Abstract
Disaggregation Of Revenue [Table Text Block]	The following table presents the Corporation’s revenue streams from contracts with customers by reportable segment for the years ended December 31, 2021, 2020 and 2019 Years ended December 31, (In thousands) 2021 2020 2019 BPPR Popular U.S. BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 151,453 $ 11,245 $ 136,703 $ 11,120 $ 146,384 $ 14,549 Other service fees: Debit card fees 47,681 956 38,685 967 46,066 1,076 Insurance fees, excluding reinsurance 40,929 3,798 35,799 2,484 42,995 3,803 Credit card fees, excluding late fees and membership fees 117,418 1,052 88,091 831 86,884 866 Sale and administration of investment products 23,634 - 21,755 - 23,072 - Trust fees 24,855 - 21,700 - 21,198 - Total revenue from contracts with customers [1] $ 405,970 $ 17,051 $ 342,733 $ 15,402 $ 366,599 $ 20,294 [1] The amounts include intersegment transactions of $ 4.1 million, $ 4.3 million and $ 3.8 million, respectively, for the years ended December 31, 2021, 2020 and 2019.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Lease Liability Maturity	The following table presents the undiscounted cash flows of operating and finance leases for each of the following periods: December 31, 2021 (In thousands) 2022 2023 2024 2025 2026 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 30,044 $ 27,956 $ 26,550 $ 23,619 $ 15,187 $ 50,912 $ 174,268 $ ( 20,154) $ 154,114 Finance Leases 3,402 3,491 3,589 3,701 3,350 5,501 23,034 ( 3,315) 19,719
Leases cost	The following table presents the lease cost recognized by the Corporation in the Consolidated Statements of Operations as follows: Years ended December 31, (In thousands) 2021 2020 2019 Finance lease cost: Amortization of ROU assets $ 2,006 $ 2,215 $ 1,701 Interest on lease liabilities 1,044 1,185 1,194 Operating lease cost 29,970 31,674 30,664 Short-term lease cost 647 214 252 Variable lease cost 93 51 97 Sublease income ( 70) ( 113) ( 113) Net gain recognized from sale and leaseback transaction [1] ( 7,007) ( 5,550) - Impairment of operating ROU assets [2] - 14,805 - Impairment of finance ROU assets [2] - 1,115 - Total lease cost [3] $ 26,683 $ 45,596 $ 33,795 [1] During the quarter ended September 30, 2021, the Corporation recognized the transfer of two corporate office buildings as a sale. During the quarter ended June 30, 2020, the Corporation recognized the transfer of the Caparra Center as a sale. Since these sale and partial leaseback transactions were considered to be at fair value, no portion of the gain on sale was deferred. [2] Impairment loss recognized during the fourth quarter of 2020 in connection with the closure of nine branches as a result of the strategic realignment of PB’s New York Metro branch network. [3] Total lease cost is recognized as part of net occupancy expense, except for the net gain recognized from sale and leaseback transactions which was included as part of other operating income.
Leases supplemental information	The following table presents supplemental cash flow information and other related information related to operating and finance leases. Years ended December 31, (Dollars in thousands) 2021 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases [1] $ 38,288 $ 41,650 $ 30,073 Operating cash flows from finance leases 1,044 1,185 1,200 Financing cash flows from finance leases [1] 2,852 3,145 1,726 ROU assets obtained in exchange for new lease obligations: Operating leases [2] $ 24,136 $ 14,975 $ 28,430 Finance leases - 4,510 661 Weighted-average remaining lease term: Operating leases 7.9 years 8.0 years 8.7 years Finance leases 8.3 years 8.9 years 7.3 years Weighted-average discount rate: Operating leases 2.7 % 3.0 % 3.4 % Finance leases 5.0 % 5.0 % 5.9 % [1] During the quarter ended March 31, 2021, the Corporation made base lease termination payments amounting to $ 7.8 million in connection with the closure of nine branches as a result of the strategic realignment of PB’s New York Metro branch network. [2] During the quarter ended September 30, 2021, the Corporation recognized a lease liability of $ 16.8 million and a corresponding ROU asset for the same amount as a result of the partial leaseback of two corporate office buildings.

Stock-based compensation (Table

Stock-based compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Executive Officers
Schedule of Unvested Restricted Stock Units Roll Forward	(Not in thousands) Shares Weighted-average grant date fair value Non-vested at January 1, 2019 382,186 $ 36.41 Granted 218,169 55.55 Performance Shares Quantity Adjustment 15,061 55.72 Vested ( 270,051) 44.73 Non-vested at December 31, 2019 345,365 $ 41.68 Granted 253,943 42.49 Performance Shares Quantity Adjustment ( 7) 48.79 Vested ( 234,421) 42.64 Forfeited ( 6,368) 44.26 Non-vested at December 31, 2020 358,512 $ 41.23 Granted 191,479 69.38 Performance Shares Quantity Adjustment 54,306 54.21 Vested ( 273,974) 55.11 Forfeited ( 8,440) 43.48 Non-vested at December 31, 2021 321,883 $ 47.98
Directors
Schedule of Unvested Restricted Stock Units Roll Forward	(Not in thousands) Restricted stock Weighted-average grant date fair value RSU Weighted-average grant date fair value Non-vested at January 1, 2019 - - - - Granted 1,052 $ 49.25 27,449 $ 57.64 Vested ( 1,052) 49.25 ( 27,449) 57.64 Forfeited - - - - Non-vested at December 31, 2019 - - - - Granted - $ - 43,866 $ 35.47 Vested - - ( 43,866) 35.47 Forfeited - - - - Non-vested at December 31, 2020 - - - - Granted - $ - 20,638 $ 78.20 Vested - - ( 20,638) 78.20 Forfeited - - - - Non-vested at December 31, 2021 - - - -

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Schedule Of Components Of Income Tax Expense Benefit	(In thousands) 2021 2020 2019 Current income tax (benefit) expense: Puerto Rico $ 69,415 $ 33,281 $ 2,251 Federal and States 10,232 3,613 3,598 Subtotal 79,647 36,894 5,849 Deferred income tax expense (benefit): Puerto Rico 179,688 69,300 123,337 Federal and States 49,683 5,744 17,995 Subtotal 229,371 75,044 141,332 Total income tax expense $ 309,018 $ 111,938 $ 147,181
Components of Deferred Tax Assets and Liabilities	December 31, 2021 (In thousands) PR US Total Deferred tax assets: Tax credits available for carryforward $ 261 $ 2,781 $ 3,042 Net operating loss and other carryforward available 112,331 665,164 777,495 Postretirement and pension benefits 57,002 - 57,002 Deferred loan origination fees/cost 2,788 - 2,788 Allowance for credit losses 233,500 31,872 265,372 Deferred gains 1,642 - 1,642 Accelerated depreciation 5,246 7,422 12,668 FDIC-assisted transaction 152,665 - 152,665 Lease liability 31,211 23,894 55,105 Difference in outside basis from pass-through entities 54,781 - 54,781 Other temporary differences 38,512 8,418 46,930 Total gross deferred tax assets 689,939 739,551 1,429,490 Deferred tax liabilities: Indefinite-lived intangibles 76,635 51,150 127,785 Unrealized net gain (loss) on trading and available-for-sale securities 4,329 2,817 7,146 Right of use assets 29,025 20,282 49,307 Deferred loan origination fees/cost - 3,567 3,567 Other temporary differences 43,856 1,530 45,386 Total gross deferred tax liabilities 153,845 79,346 233,191 Valuation allowance 128,557 410,970 539,527 Net deferred tax asset $ 407,537 $ 249,235 $ 656,772 December 31, 2020 (In thousands) PR US Total Deferred tax assets: Tax credits available for carryforward $ 3,003 $ 5,269 $ 8,272 Net operating loss and other carryforward available 124,355 698,842 823,197 Postretirement and pension benefits 80,179 - 80,179 Deferred loan origination fees 12,079 ( 2,652) 9,427 Allowance for credit losses 373,010 38,606 411,616 Accelerated depreciation 3,439 5,390 8,829 FDIC-assisted transaction 152,665 - 152,665 Intercompany deferred gains 1,728 - 1,728 Lease liability 22,790 18,850 41,640 Difference in outside basis from pass-through entities 61,222 - 61,222 Other temporary differences 38,954 7,344 46,298 Total gross deferred tax assets 873,424 771,649 1,645,073 Deferred tax liabilities: Indefinite-lived intangibles 73,305 37,745 111,050 Unrealized net gain (loss) on trading and available-for-sale securities 67,003 8,595 75,598 Right of use assets 20,708 15,510 36,218 Other temporary differences 50,247 1,169 51,416 Total gross deferred tax liabilities 211,263 63,019 274,282 Valuation allowance 112,871 407,225 520,096 Net deferred tax asset $ 549,290 $ 301,405 $ 850,695
Summary Of Operating Loss Carryforwards	(In thousands) 2022 $ 396 2023 1,363 2024 9,310 2025 13,516 2026 13,367 2027 15,202 2028 288,395 2029 119,297 2030 120,255 2031 117,210 2032 22,758 2033 10,749 2034 44,473 2035 1,079 2036 125 $ 777,495
Reconciliation of Unrecognized Tax Benefits	(In millions) Balance at January 1, 2020 $ 16.3 Reduction as a result of lapse of statute of limitations ( 1.5) Balance at December 31, 2020 $ 14.8 Reduction as a result of lapse of statute of limitations ( 11.3) Balance at December 31, 2021 $ 3.5
PR
Differences Between Income Tax Expense (Benefit) Applicable to Income Before Income Taxes and Amount Computed by Applying the Statutory Tax Rate in Puerto Rico	2021 2020 2019 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Amount % of pre-tax income Computed income tax at statutory rates $ 466,465 38 % $ 231,960 38 % $ 306,869 38 % Benefit of net tax exempt interest income ( 139,426) ( 12) ( 126,232) ( 20) ( 145,597) ( 18) Effect of income subject to preferential tax rate ( 11,981) ( 1) ( 10,141) ( 2) ( 9,562) ( 1) Deferred tax asset valuation allowance 20,932 2 15,276 2 16,992 2 Difference in tax rates due to multiple jurisdictions ( 30,719) ( 3) ( 1,903) - ( 12,888) ( 2) Adjustment in net deferred tax due to change in the applicable tax rate - - - - ( 6,559) ( 1) Unrecognized tax benefits ( 5,484) - ( 2,163) - - - State and local taxes 14,629 1 4,350 - 4,749 1 Others ( 5,398) - 791 - ( 6,823) ( 1) Income tax expense $ 309,018 25 % $ 111,938 18 % $ 147,181 18 %

Supplemental disclosure on th_2

Supplemental disclosure on the consolidated statements of cash flows (Tables)	12 Months Ended
	Dec. 31, 2021
Supplemental Cash Flow Information
Additional Disclosures on Cash Flow Information and Non-Cash Activities	(In thousands) 2021 2020 2019 Income taxes paid $ 64,997 $ 13,045 $ 14,461 Interest paid 170,442 240,342 369,383 Non-cash activities: Loans transferred to other real estate 57,638 14,464 67,056 Loans transferred to other property 45,144 48,614 53,286 Total loans transferred to foreclosed assets 102,782 63,078 120,342 Loans transferred to other assets 7,219 7,117 16,503 Financed sales of other real estate assets 13,014 15,606 15,907 Financed sales of other foreclosed assets 43,060 34,492 30,840 Total financed sales of foreclosed assets 56,074 50,098 46,747 Financed sale of premises and equipment 31,085 31,350 - Transfers from premises and equipment to long-lived assets held-for-sale 32,103 - - Transfers from loans held-in-portfolio to loans held-for-sale 69,890 82,299 - Transfers from loans held-for-sale to loans held-in-portfolio 9,762 20,153 7,829 Loans securitized into investment securities [1] 732,533 508,071 458,758 Trades receivables from brokers and counterparties 64,824 64,092 39,364 Trades payable to brokers and counterparties 13,789 720,212 4,084 Recognition of mortgage servicing rights on securitizations or asset transfers 13,391 9,544 9,143 Loans booked under the GNMA buy-back option 19,798 24,244 72,480 Capitalization of Right of Use Assets 35,683 29,692 189,097 [1] Includes loans securitized into trading securities and subsequently sold before year end.
Reconciliation Of Cash And Due From Banks And Restricted Cash	(In thousands) December 31, 2021 December 31, 2020 December 31, 2019 Cash and due from banks $ 411,346 $ 484,859 $ 361,705 Restricted cash and due from banks 17,087 6,206 26,606 Restricted cash in money market investments 6,079 6,029 6,012 Total cash and due from banks, and restricted cash [2] $ 434,512 $ 497,094 $ 394,323 [2] Refer to Note 5 - Restrictions on cash and due from banks and certain securities for nature of restrictions.

Segment reporting (Tables)

Segment reporting (Tables)	12 Months Ended
	Dec. 31, 2021
Table Text Block
Results of Operations and Total Assets	December 31, 2021 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 1,674,589 $ 321,154 $ 6 Provision for credit losses (benefit) ( 136,352) ( 56,897) - Non-interest income 565,310 24,518 ( 548) Amortization of intangibles 2,813 665 - Depreciation expense 46,539 7,415 - Other operating expenses 1,285,959 203,892 ( 544) Income tax expense 253,479 56,538 - Net income $ 787,461 $ 134,059 $ 2 Segment assets $ 64,336,681 $ 10,399,066 $ ( 31,528) December 31, 2021 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,995,749 $ ( 38,159) $ - $ 1,957,590 Provision for credit losses (benefit) ( 193,249) ( 215) - ( 193,464) Non-interest income 589,280 56,535 ( 3,687) 642,128 Amortization of intangibles 3,478 5,656 - 9,134 Depreciation expense 53,954 1,150 - 55,104 Other operating expenses 1,489,307 ( 545) ( 3,725) 1,485,037 Income tax expense (benefit) 310,017 ( 1,085) 86 309,018 Net income $ 921,522 $ 13,415 $ ( 48) $ 934,889 Segment assets $ 74,704,219 $ 5,458,718 $ ( 5,065,038) $ 75,097,899 December 31, 2020 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 1,593,599 $ 302,517 $ 11 Provision for credit losses 210,955 81,486 - Non-interest income 445,893 24,285 ( 553) Amortization of intangibles 5,634 665 - Depreciation expense 47,890 9,558 - Other operating expenses 1,169,816 228,406 ( 544) Income tax expense 106,211 7,411 - Net income (loss) $ 498,986 $ ( 724) $ 2 Segment assets $ 55,353,626 $ 10,255,954 $ ( 33,935) December 31, 2020 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,896,127 $ ( 39,514) $ - $ 1,856,613 Provision for credit losses 292,441 95 - 292,536 Non-interest income 469,625 46,442 ( 3,755) 512,312 Amortization of intangibles 6,299 98 - 6,397 Depreciation expense 57,448 1,004 - 58,452 Other operating expenses 1,397,678 ( 1,212) ( 3,486) 1,392,980 Income tax expense (benefit) 113,622 ( 1,560) ( 124) 111,938 Net income $ 498,264 $ 8,503 $ ( 145) $ 506,622 Segment assets $ 65,575,645 $ 5,214,439 $ ( 4,864,084) $ 65,926,000 December 31, 2019 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 1,633,950 $ 295,470 $ ( 51) Provision for credit losses 135,495 30,028 - Non-interest income 506,739 23,160 ( 561) Amortization of intangibles 8,610 664 - Depreciation expense 49,058 8,263 - Other operating expenses 1,208,458 205,219 ( 547) Income tax expense 129,145 19,164 - Net income $ 609,923 $ 55,292 $ ( 65) Segment assets $ 41,756,864 $ 10,056,316 $ ( 18,576) December 31, 2019 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,929,369 $ ( 37,675) $ - $ 1,891,694 Provision for credit losses 165,523 256 - 165,779 Non-interest income 529,338 43,901 ( 3,356) 569,883 Amortization of intangibles 9,274 96 - 9,370 Depreciation expense 57,321 746 - 58,067 Other operating expenses 1,413,130 55 ( 3,140) 1,410,045 Income tax expense (benefit) 148,309 ( 1,041) ( 87) 147,181 Net income $ 665,150 $ 6,114 $ ( 129) $ 671,135 Segment assets $ 51,794,604 $ 5,228,276 $ ( 4,907,556) $ 52,115,324 December 31, 2021 Banco Popular de Puerto Rico Consumer Other Total Banco Commercial and Retail Financial Popular de (In thousands) Banking Banking Services Eliminations Puerto Rico Net interest income $ 734,501 $ 934,611 $ 5,477 $ - $ 1,674,589 Provision for credit losses (benefit) ( 85,990) ( 50,362) - - ( 136,352) Non-interest income 118,126 343,125 109,018 ( 4,959) 565,310 Amortization of intangibles 290 2,110 609 ( 196) 2,813 Depreciation expense 20,512 25,386 641 - 46,539 Other operating expenses 377,563 818,503 91,652 ( 1,759) 1,285,959 Income tax expense 180,874 66,616 5,989 - 253,479 Net income $ 359,378 $ 415,483 $ 15,604 $ ( 3,004) $ 787,461 Segment assets $ 64,994,081 $ 31,313,708 $ 2,038,402 $ ( 34,009,510) $ 64,336,681 December 31, 2020 Banco Popular de Puerto Rico Consumer Other Total Banco Commercial and Retail Financial Popular de (In thousands) Banking Banking Services Eliminations Puerto Rico Net interest income $ 653,091 $ 927,165 $ 13,343 $ - $ 1,593,599 Provision for credit losses 47,905 163,050 - - 210,955 Non-interest income 100,329 249,464 97,443 ( 1,343) 445,893 Amortization of intangibles 197 3,609 1,828 - 5,634 Depreciation expense 20,488 26,746 656 - 47,890 Other operating expenses 303,534 782,521 85,122 ( 1,361) 1,169,816 Income tax expense (benefit) 104,617 ( 5,934) 7,528 - 106,211 Net income $ 276,679 $ 206,637 $ 15,652 $ 18 $ 498,986 Segment assets $ 49,806,766 $ 29,000,270 $ 2,218,444 $ ( 25,671,854) $ 55,353,626 December 31, 2019 Banco Popular de Puerto Rico Consumer Other Eliminations Total Banco Commercial and Retail Financial and Other Popular de (In thousands) Banking Banking Services Adjustments Puerto Rico Net interest income $ 619,926 $ 1,009,196 $ 4,828 $ - $ 1,633,950 Provision for credit losses (benefit) ( 46,099) 181,594 - - 135,495 Non-interest income 99,758 303,268 106,218 ( 2,505) 506,739 Amortization of intangibles 195 4,294 4,121 - 8,610 Depreciation expense 20,024 28,411 623 - 49,058 Other operating expenses 309,762 835,582 65,631 ( 2,517) 1,208,458 Income tax expense 104,636 11,999 12,510 - 129,145 Net income $ 331,166 $ 250,584 $ 28,161 $ 12 $ 609,923 Segment assets $ 34,340,842 $ 23,976,004 $ 380,557 $ ( 16,940,539) $ 41,756,864
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area	(In thousands) 2021 2020 2019 Revenues: [1] Puerto Rico $ 2,136,481 $ 1,921,207 $ 2,016,089 United States 390,201 376,529 371,368 Other 73,036 71,189 74,120 Total consolidated revenues $ 2,599,718 $ 2,368,925 $ 2,461,577 [1] Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net gain (loss) on sale of debt securities, net gain, including impairment on equity securities, net (loss) profit on trading account debt securities, net (loss) gain on sale of loans, including valuation adjustments on loans held-for-sale, adjustments (expense) to indemnity reserves on loans sold, and other operating income. Selected Balance Sheet Information (In thousands) 2021 2020 2019 Puerto Rico Total assets $ 63,221,282 $ 54,143,954 $ 40,544,255 Loans 19,770,118 20,413,112 18,989,286 Deposits 57,211,608 47,586,880 34,664,243 United States Total assets $ 10,986,055 $ 10,878,030 $ 10,693,536 Loans 8,903,493 8,396,983 7,819,187 Deposits 7,777,232 7,672,549 7,664,792 Other Total assets $ 890,562 $ 904,016 $ 877,533 Loans 626,115 674,556 657,603 Deposits [1] 2,016,248 1,606,911 1,429,571 [1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

Popular, Inc. (Holding only) (T

Popular, Inc. (Holding only) (Tables) - Popular, Inc. Holding Co.	12 Months Ended
	Dec. 31, 2021
Condensed Balance Sheet	Condensed Statements of Condition December 31, (In thousands) 2021 2020 ASSETS Cash and due from banks (includes $ 79,660 due from bank subsidiary (2020 - $ 69,299)) $ 79,660 $ 69,299 Money market investments 205,646 111,596 Debt securities held-to-maturity, at amortized cost (includes $ 3,125 in common 8,726)) [1] 3,125 8,726 Equity securities, at lower of cost or realizable value 19,711 16,049 Investment in BPPR and subsidiaries, at equity 3,858,701 4,327,188 Investment in Popular North America and subsidiaries, at equity 1,834,931 1,733,411 Investment in other non-bank subsidiaries, at equity 288,736 271,129 Other loans 29,445 31,473 Less - Allowance for credit losses 96 311 Premises and equipment 5,684 5,322 Investment in equity method investees 114,955 88,272 Other assets (includes $ 6,802 due from subsidiaries and affiliate (2020 - $ 5,518)) 32,810 35,002 Total assets $ 6,473,308 $ 6,697,156 LIABILITIES AND STOCKHOLDERS' EQUITY Notes payable $ 401,990 $ 587,386 Other liabilities (includes $ 6,591 due to subsidiaries and affiliate (2020 - $ 3,779)) 101,923 81,148 Stockholders’ equity 5,969,395 6,028,622 Total liabilities and stockholders’ equity $ 6,473,308 $ 6,697,156 [1] Refer to Note 18 to the consolidated financial statements for information on the statutory trusts.
Condensed Income Statement	Condensed Statements of Operations Years ended December 31, (In thousands) 2021 2020 2019 Income: Dividends from subsidiaries $ 792,000 $ 586,000 $ 408,000 Interest income (includes $ 828 due from subsidiaries and affiliates (2020 - $ 2,290; 2019 - $ 4,237)) 4,303 4,949 6,669 Earnings from investments in equity method investees 29,387 17,841 17,279 Other operating income - 1 1 Net (loss) gain, including impairment, on equity securities ( 525) 1,494 988 Total income 825,165 610,285 432,937 Expenses: Interest expense 36,444 38,528 38,528 Provision for credit losses (benefit) ( 215) 95 256 Operating expense (income) (includes expenses for services provided by subsidiaries and affiliate of $ 13,546 (2020 - $ 13,140 ; 2019 - $ 14,400)), net of reimbursement by subsidiaries for services provided by parent of $ 162,019 (2020 - $ 138,729 ; 2019 - $ 106,725) 5,432 ( 921) 80 Total expenses 41,661 37,702 38,864 Income before income taxes and equity in undistributed earnings (losses) of subsidiaries 783,504 572,583 394,073 Income tax expense 352 17 - Income before equity in undistributed earnings (losses) of subsidiaries 783,152 572,566 394,073 Equity in undistributed earnings (losses) of subsidiaries 151,737 ( 65,944) 277,062 Net income $ 934,889 $ 506,622 $ 671,135 Comprehensive income, net of tax $ 419,829 $ 866,551 $ 929,171
Condensed Cash Flow Statement	Condensed Statements of Cash Flows Years ended December 31, (In thousands) 2021 2020 2019 Cash flows from operating activities: Net income $ 934,889 $ 506,622 $ 671,135 Adjustments to reconcile net income to net cash provided by operating activities: Equity in (earnings) losses of subsidiaries, net of dividends or distributions ( 151,737) 65,944 ( 277,062) Provision for credit losses (benefit) ( 215) 95 256 Amortization of intangibles 5,656 98 96 Net accretion of discounts and amortization of premiums and deferred fees 1,241 1,233 1,240 Share-based compensation 8,895 5,770 7,927 Earnings from investments under the equity method, net of dividends or distributions ( 26,360) ( 15,510) ( 14,948) Sale of foreclosed assets, including write-downs 59 - - Net (increase) decrease in: Equity securities ( 3,662) ( 5,305) ( 4,051) Other assets ( 1,970) ( 8,327) 1,134 Net (decrease) increase in: Interest payable ( 1,042) - - Other liabilities 19,095 2,470 2,508 Total adjustments ( 150,040) 46,468 ( 282,900) Net cash provided by operating activities 784,849 553,090 388,235 Cash flows from investing activities: Net (increase) decrease in money market investments ( 94,000) 110,000 ( 45,000) Proceeds from calls, paydowns, maturities and redemptions of investment securities held-to-maturity 5,601 - - Net repayments on other loans 1,879 587 677 Capital contribution to subsidiaries ( 12,900) ( 10,000) ( 9,000) Return of capital from wholly owned subsidiaries - 12,500 13,000 Return of capital from equity method investments - 131 - Acquisition of premises and equipment ( 1,788) ( 2,667) ( 1,289) Proceeds from sale of premises and equipment 83 285 3 Proceeds from sale of foreclosed assets 87 - - Net cash (used in) provided by investing activities ( 101,038) 110,836 ( 41,609) Cash flows from financing activities: Payments of notes payable ( 186,664) - - Proceeds from issuance of common stock 10,493 15,175 13,451 Payments for repurchase of redeemable preferred stock - ( 28,017) - Dividends paid ( 141,466) ( 133,645) ( 115,810) Net payments for repurchase of common stock ( 350,656) ( 500,705) ( 250,571) Payments related to tax withholding for share-based compensation ( 5,107) ( 3,394) ( 5,420) Net cash used in financing activities ( 673,400) ( 650,586) ( 358,350) Net increase (decrease) in cash and due from banks, and restricted cash 10,411 13,340 ( 11,724) Cash and due from banks, and restricted cash at beginning of period 69,894 56,554 68,278 Cash and due from banks, and restricted cash at end of period $ 80,305 $ 69,894 $ 56,554
Borrowings by contractual maturities	Year (In thousands) 2022 $ - 2023 297,842 2024 - 2025 - 2026 - Later years 104,148 Total $ 401,990

New Accounting Pronouncement -

New Accounting Pronouncement - Additional Information (Details) - USD ($) $ in Thousands	Jan. 02, 2020	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Less - Allowance for credit losses		$ 695,366	$ 896,250	$ 477,708
Stockholders' equity		5,969,397	6,028,687	6,016,779	$ 5,435,057
Debt Securities Held To Maturity allowance for credit loss	$ 13,000	$ 8,096	$ 10,261
Cumulative effect adoption adjustment
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Stockholders' equity	(205,800)			$ (205,842)	$ 4,905
Unfunded loan commitment
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Allowance for credit loss, increase (decrease)	(9,000)
Loan portfolio
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Allowance for credit loss, increase (decrease)	315,000
ASC Subtopic 310 30
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Allowance for credit loss, increase (decrease)	$ 17,000

Business Combination - Fair val

Business Combination - Fair value of identifiable assets acquired and liabilities assumed (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Oct. 15, 2021	Dec. 31, 2020
Labilities:
Goodwill on acquisition	$ 720,293		$ 671,122
K2 Capital Group LLC
Business Acquisition
Cash consideration		$ 156,628
Contingent consideration		9,241
Total consideration		165,869
Assets:
Cash and due from banks		800
Commercial loans		115,575
Premises and equipment		8,996
Accrrued income receivables		57
Other assets		2,822
Identifiable intangible assets		2,887
Total assets		131,137
Labilities:
Other liabilities		14,439
Total liabilities		14,439
Net assets acquired		116,698
Goodwill on acquisition		49,171
K2 Capital Group LLC | Book value before acquisition adjustment
Business Acquisition
Cash consideration		156,628
Contingent consideration		0
Total consideration		156,628
Assets:
Cash and due from banks		800
Commercial loans		118,907
Premises and equipment		6,987
Accrrued income receivables		57
Other assets		2,822
Identifiable intangible assets		0
Total assets		129,573
Labilities:
Other liabilities		14,439
Total liabilities		14,439
Net assets acquired		115,134
K2 Capital Group LLC | Fair value adjustment
Business Acquisition
Cash consideration		0
Contingent consideration		9,241
Total consideration		9,241
Assets:
Cash and due from banks		0
Commercial loans		(3,332)
Premises and equipment		2,009
Accrrued income receivables		0
Other assets		0
Identifiable intangible assets		2,887
Total assets		1,564
Labilities:
Other liabilities		0
Total liabilities		0
Net assets acquired		$ 1,564

Business Combinations - Narrati

Business Combinations - Narratives (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Oct. 15, 2021	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition
Notes Receivable Gross	$ 29,240,557		$ 29,385,196
Less - Allowance for credit losses	$ 695,366		$ 896,250	$ 477,708
K2 Capital Group LLC
Business Acquisition
Contingent consideration earnout payment over three year periods		$ 29,000
Commercial loans		115,575
Goodwill amortization period	15 years
K2 Capital Group LLC | Book value
Business Acquisition
Commercial loans		118,907
K2 Capital Group LLC | Book value | Direct financing leases
Business Acquisition
Commercial loans		105,000
K2 Capital Group LLC | Book value | Working capital
Business Acquisition
Commercial loans		14,000
K2 Capital Group LLC | Commercial Loans
Business Acquisition
Notes Receivable Gross		125,000
Less - Allowance for credit losses		$ 1,000

Restrictions on cash and due _2

Restrictions on cash and due from banks and certain securities - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure - Restrictions on Cash and Due from Banks and Certain Securities - Additional Information [Abstract]
Average Reserve Required With Federal Reserve Bank	$ 2,700	$ 2,300
Restricted Cash And Cash Equivalents	$ 50	$ 39

Debt Securities Available for S

Debt Securities Available for Sale - Weighted average yield and contractual maturities of debt securities AFS (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Amortized cost
Amortized cost - Within 1 year	$ 1,225,639
Amortized cost - After 1 to 5 years	10,127,468
Amortized cost - After 5 to 10 years	5,272,106
Amortized cost - After 10 years	8,436,011
Amortized Cost	25,061,224	$ 21,035,610
Gross unrealized gains
Gross unrealized gains	205,393	527,430
Gross unrealized loss
Gross unrealized losses	298,348	1,888
Fair Value
Fair value - Within 1 year	1,239,127
Fair value - After 1 to 5 years	10,163,506
Fair value - After 5 to 10 years	5,254,323
Fair value - After 10 years	8,311,313
Debt Securities Available for sale, at fair value	$ 24,968,269	$ 21,561,152
Weighted average yield
Weighted Average Yield	1.42%	1.66%
US Treasury Securities
Amortized cost
Amortized cost - Within 1 year	$ 1,225,558	$ 4,900,055
Amortized cost - After 1 to 5 years	10,059,163	5,007,223
Amortized cost - After 5 to 10 years	4,563,265	567,367
Amortized Cost	15,847,986	10,474,645
Gross unrealized gains
Gross unrealized gain - Within 1 year	13,556	16,479
Gross unrealized gain - After 1 to 5 years	98,808	259,399
Gross unrealized gain - After 5 to 10 years	739	37,517
Gross unrealized gains	113,103	313,395
Gross unrealized loss
Gross unrealized losses - Within 1 year	69	0
Gross unrealized losses - After 1 to 5 years	65,186	0
Gross unrealized losses - After 5 to 10 years	36,804	0
Gross unrealized losses	102,059	0
Fair Value
Fair value - Within 1 year	1,239,045	4,916,534
Fair value - After 1 to 5 years	10,092,785	5,266,622
Fair value - After 5 to 10 years	4,527,200	604,884
Debt Securities Available for sale, at fair value	$ 15,859,030	$ 10,788,040
Weighted average yield
Weighted average yield - Within 1 year	2.33%	0.69%
Weighted average yield - After 1 to 5 years	1.18%	2.05%
Weighted average yield - After 5 to 10 years	1.22%	1.68%
Weighted Average Yield	1.27%	1.40%
Obligations of U.S. Government sponsored entities
Amortized cost
Amortized cost - Within 1 year	$ 70	$ 59,993
Amortized cost - After 1 to 5 years		90
Amortized Cost	70	60,083
Gross unrealized gains
Gross unrealized gain - Within 1 year	0	101
Gross unrealized gain - After 1 to 5 years		0
Gross unrealized gains	0	101
Gross unrealized loss
Gross unrealized losses - Within 1 year	0	0
Gross unrealized losses - After 1 to 5 years		0
Gross unrealized losses	0	0
Fair Value
Fair value - Within 1 year	70	60,094
Fair value - After 1 to 5 years		90
Debt Securities Available for sale, at fair value	$ 70	$ 60,184
Weighted average yield
Weighted average yield - Within 1 year	5.63%	1.46%
Weighted average yield - After 1 to 5 years		5.64%
Weighted Average Yield	5.63%	1.47%
Collateralized Mortgage Obligations - Federal agencies
Amortized cost
Amortized cost - After 1 to 5 years	$ 2,433	$ 1,388
Amortized cost - After 5 to 10 years	43,241	61,229
Amortized cost - After 10 years	172,176	318,292
Amortized Cost	217,850	380,909
Gross unrealized gains
Gross unrealized gain - After 1 to 5 years	42	14
Gross unrealized gain - After 5 to 10 years	295	1,050
Gross unrealized gain - After 10 years	3,441	10,202
Gross unrealized gains	3,778	11,266
Gross unrealized loss
Gross unrealized losses - After 1 to 5 years	0	0
Gross unrealized losses - After 5 to 10 years	6	0
Gross unrealized losses - After 10 years	357	43
Gross unrealized losses	363	43
Fair Value
Fair value - After 1 to 5 years	2,475	1,402
Fair value - After 5 to 10 years	43,530	62,279
Fair value - After 10 years	175,260	328,451
Debt Securities Available for sale, at fair value	$ 221,265	$ 392,132
Weighted average yield
Weighted average yield - After 1 to 5 years	2.16%	2.97%
Weighted average yield - After 5 to 10 years	1.54%	1.56%
Weighted average yield - After 10 years	2.13%	2.04%
Weighted Average Yield	2.01%	1.97%
Mortgage Backed Securities
Amortized cost
Amortized cost - Within 1 year	$ 11	$ 5,616
Amortized cost - After 1 to 5 years	65,749	50,393
Amortized cost - After 5 to 10 years	665,600	454,880
Amortized cost - After 10 years	8,263,835	9,608,860
Amortized Cost	8,995,195	10,119,749
Gross unrealized gains
Gross unrealized gain - Within 1 year	1	56
Gross unrealized gain - After 1 to 5 years	2,380	1,735
Gross unrealized gain - After 5 to 10 years	17,998	20,022
Gross unrealized gain - After 10 years	68,128	180,844
Gross unrealized gains	88,507	202,657
Gross unrealized loss
Gross unrealized losses - Within 1 year	0	0
Gross unrealized losses - After 1 to 5 years	11	0
Gross unrealized losses - After 5 to 10 years	5	6
Gross unrealized losses - After 10 years	195,910	1,839
Gross unrealized losses	195,926	1,845
Fair Value
Fair value - Within 1 year	12	5,672
Fair value - After 1 to 5 years	68,118	52,128
Fair value - After 5 to 10 years	683,593	474,896
Fair value - After 10 years	8,136,053	9,787,865
Debt Securities Available for sale, at fair value	$ 8,887,776	$ 10,320,561
Weighted average yield
Weighted average yield - Within 1 year	4.79%	2.83%
Weighted average yield - After 1 to 5 years	2.23%	2.35%
Weighted average yield - After 5 to 10 years	1.97%	1.91%
Weighted average yield - After 10 years	1.67%	1.94%
Weighted Average Yield	1.69%	1.94%
Other
Amortized cost
Amortized cost - After 1 to 5 years	$ 123	$ 224
Amortized Cost	123	224
Gross unrealized gains
Gross unrealized gain - After 1 to 5 years	5	11
Gross unrealized gains	5	11
Gross unrealized loss
Gross unrealized losses - After 1 to 5 years	0	0
Gross unrealized losses	0	0
Fair Value
Fair value - After 1 to 5 years	128	235
Debt Securities Available for sale, at fair value	$ 128	$ 235
Weighted average yield
Weighted average yield - After 1 to 5 years	3.62%	3.62%
Weighted Average Yield	3.62%	3.62%

Debt Securities Available for_2

Debt Securities Available for Sale - Weighted average yield and contractual maturities of debt securities AFS - Parenthetical (Details) - Debt securities available-for-sale - USD ($) $ in Billions	Dec. 31, 2021	Dec. 31, 2020
Schedule of Available-for-sale Securities [Line Items]
Pledged Financial Instruments, Not Separately Reported, Securities	$ 22	$ 18.2
Pledged Financial Instruments, Not Separately Reported, Securities for Other Debt Facilities	$ 20.9	$ 16.9

Debt Securities Available for_3

Debt Securities Available for Sale - Aggregate Amortized Cost and Fair Value of AFS by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Amortized cost
Amortized cost - Within 1 year	$ 1,225,639
Amortized cost - After 1 to 5 years	10,127,468
Amortized cost - After 5 to 10 years	5,272,106
Amortized cost - After 10 years	8,436,011
Amortized cost	25,061,224
Fair Value
Fair value - Within 1 year	1,239,127
Fair value - After 1 to 5 years	10,163,506
Fair value - After 5 to 10 years	5,254,323
Fair value - After 10 years	8,311,313
Fair Value	$ 24,968,269	$ 21,561,152

Debt Securities Available for_4

Debt Securities Available for Sale - Realized gains and losses on debt securities available-for-sale (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Available-for-sale Securities, Gross Realized Gain (Loss), Disclosures
Gross Realized Gains	$ 695	$ 41	$ 0
Gross Realized Losses	(672)	0	(20)
Net realized gains (losses) on sale of debt securities available-for-sale	$ 23	$ 41	$ (20)

Debt Securities Available for_5

Debt Securities Available for Sale - AFS debt securities in a continuous unrealized loss position (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale
Less than 12 months Fair Value	$ 15,393,537	$ 890,461
Less than 12 months Gross Unrealized Losses	273,007	1,877
12 months or more Fair Value	596,135	555
12 months or more Gross Unrealized Losses	25,341	11
Total Fair Value	15,989,672	891,016
Total Gross Unrealized Losses	298,348	1,888
US Treasury Securities
Debt Securities, Available-for-sale
Less than 12 months Fair Value	9,590,448
Less than 12 months Gross Unrealized Losses	102,059
12 months or more Fair Value	0
12 months or more Gross Unrealized Losses	0
Total Fair Value	9,590,448
Total Gross Unrealized Losses	102,059
Collateralized Mortgage Obligations - Federal agencies
Debt Securities, Available-for-sale
Less than 12 months Fair Value	35,533	4,029
Less than 12 months Gross Unrealized Losses	334	43
12 months or more Fair Value	1,084	0
12 months or more Gross Unrealized Losses	29	0
Total Fair Value	36,617	4,029
Total Gross Unrealized Losses	363	43
Mortgage Backed Securities
Debt Securities, Available-for-sale
Less than 12 months Fair Value	5,767,556	886,432
Less than 12 months Gross Unrealized Losses	170,614	1,834
12 months or more Fair Value	595,051	555
12 months or more Gross Unrealized Losses	25,312	11
Total Fair Value	6,362,607	886,987
Total Gross Unrealized Losses	$ 195,926	$ 1,845

Debt Securities Available for_6

Debt Securities Available for Sale - Fair value of the debt securities of issuers (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Investment
Amortized Cost	$ 25,061,224	$ 21,035,610
Debt Securities Available for sale, at fair value	24,968,269	21,561,152
FNMA
Investment
Amortized Cost	1,533,637	2,242,121
Debt Securities Available for sale, at fair value	1,587,127	2,338,897
Freddie Mac
Investment
Amortized Cost	3,228,543	3,616,238
Debt Securities Available for sale, at fair value	$ 3,176,197	$ 3,675,679

Debt Securities Available for_7

Debt Securities Available for Sale - Debt securities available- for-sale - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale
Proceeds from sale of debt securities available-for-sale	$ 235,992	$ 5,103	$ 99,445
Gross unrealized losses	298,348	1,888
US Treasury Securities
Debt Securities, Available-for-sale
Proceeds from sale of debt securities available-for-sale	236,000	5,000
Gross unrealized losses	102,059	0
Obligations of U.S. Government sponsored entities
Debt Securities, Available-for-sale
Gross unrealized losses	$ 0	$ 0

Debt Securities Held-to-matur_3

Debt Securities Held-to-maturity - Weighted average yield and contractual maturities of debt securities HTM (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Jan. 02, 2020	Dec. 31, 2019
Amortized cost
Amortized cost - Within 1 year	$ 4,240
Amortized cost - After 1 to 5 years	14,420
Amortized cost - After 5 to 10 years	11,280
Amortized cost - After 10 years	49,521
Debt securities held-to-maturity, at amortized cost (includes $3,125 in common securities from statutory trusts (2020 - $8,726))	79,461	$ 92,621
Allowance for credit losses
Less - Allowance for credit losses	8,096	10,261	$ 13,000
Net of Allowance
Net of Allowance	71,365	82,360
Gross unrecognized gains
Gross Unrealized Gains	12,003	12,554
Gross unrealized losses
Gross Unrealized Losses	0	23
Fair Value
Fair Value - within 1 year	4,237
Fair Value - After 1 to 5 years	14,421
Fair Value - After 5 to 10 years	11,262
Fair Value - After 10 years	53,448
Fair value	$ 83,368	$ 94,891
Weighted Average Yield
Weighted Average Yield	3.06%	3.38%
Obligations of Puerto Rico, States and political subdivisions
Amortized cost
Amortized cost - Within 1 year	$ 4,240	$ 3,990
Amortized cost - After 1 to 5 years	14,395	16,030
Amortized cost - After 5 to 10 years	11,280	14,845
Amortized cost - After 10 years	43,561	46,164
Debt securities held-to-maturity, at amortized cost (includes $3,125 in common securities from statutory trusts (2020 - $8,726))	73,476	81,029
Allowance for credit losses
Allowance for credit losses - Within 1 Year	7	50
Allowance for credit losses - After 1 to 5 years	148	710
Allowance for credit losses - After 5 to 10 years	122	573
Allowance for credit losses - After 10 years	7,819	8,928
Less - Allowance for credit losses	8,096	10,261		$ 0
Net of Allowance
Net of Allowance - Within 1 Year	4,233	3,940
Net of Allowance - After 1 to 5 Years	14,247	15,320
Net of Allowance - After 5 to 10 Years	11,158	14,272
Net of Allowance - After 10 Years	35,742	37,236
Net of Allowance	65,380	70,768
Gross unrecognized gains
Gross unrealized gains - Within 1 year	4	47
Gross unrealized gains - After 1 to 5 years	149	710
Gross unrealized gains - After 5 to 10 years	104	295
Gross unrealized gains - After 10 years	11,746	11,501
Gross Unrealized Gains	12,003	12,553
Gross unrealized losses
Gross unrealized losses - Within 1 year	0	0
Gross unrealized losses - After 1 to 5 years	0	0
Gross unrealized losses - After 5 to 10 years	0	23
Gross unrealized losses - After 10 years	0	0
Gross Unrealized Losses	0	23
Fair Value
Fair Value - within 1 year	4,237	3,987
Fair Value - After 1 to 5 years	14,396	16,030
Fair Value - After 5 to 10 years	11,262	14,544
Fair Value - After 10 years	47,488	48,737
Fair value	$ 77,383	$ 83,298
Weighted Average Yield
Weighted average yield - Within 1 Year	6.07%	6.05%
Weighted average yield - After 1 to 5 years	6.23%	6.16%
Weighted average yield - After 5 to 10 years	2.18%	2.77%
Weighted average yield - After 10 years	1.50%	1.58%
Weighted Average Yield	2.79%	2.93%
Collateralized Mortgage Obligations - Federal agencies
Amortized cost
Amortized cost - After 1 to 5 years	$ 25	$ 31
Debt securities held-to-maturity, at amortized cost (includes $3,125 in common securities from statutory trusts (2020 - $8,726))	25	31
Allowance for credit losses
Allowance for credit losses - After 1 to 5 years	0	0
Less - Allowance for credit losses	0	0
Net of Allowance
Net of Allowance - After 1 to 5 Years	25	31
Net of Allowance	25	31
Gross unrecognized gains
Gross unrealized gains - After 1 to 5 years	0	1
Gross Unrealized Gains	0	1
Gross unrealized losses
Gross unrealized losses - After 1 to 5 years	0	0
Gross Unrealized Losses	0	0
Fair Value
Fair Value - After 1 to 5 years	25	32
Fair value	$ 25	$ 32
Weighted Average Yield
Weighted average yield - After 1 to 5 years	6.44%	6.44%
Weighted Average Yield	6.44%	6.44%
Securities in wholly owned statutory business trusts
Amortized cost
Amortized cost - After 10 years	$ 5,960	$ 11,561
Debt securities held-to-maturity, at amortized cost (includes $3,125 in common securities from statutory trusts (2020 - $8,726))	5,960	11,561
Allowance for credit losses
Allowance for credit losses - After 10 years	0	0
Less - Allowance for credit losses	0	0
Net of Allowance
Net of Allowance - After 10 Years	5,960	11,561
Net of Allowance	5,960	11,561
Gross unrecognized gains
Gross unrealized gains - After 10 years	0	0
Gross Unrealized Gains	0	0
Gross unrealized losses
Gross unrealized losses - After 10 years	0	0
Gross Unrealized Losses	0	0
Fair Value
Fair Value - After 10 years	5,960	11,561
Fair value	$ 5,960	$ 11,561
Weighted Average Yield
Weighted average yield - After 10 years	6.33%	6.51%
Weighted Average Yield	6.33%	6.51%

Debt Securities Held-to-matur_4

Debt Securities Held-to-maturity - Aggregate Amortized Cost and Fair Value of HTMS by Contractual Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Held-to-maturity Securities, Classified [Abstract]
Amortized cost - Within 1 year	$ 4,240
Amortized cost - After 1 to 5 years	14,420
Amortized cost - After 5 to 10 years	11,280
Amortized cost - After 10 years	49,521
Amortized cost	79,461	$ 92,621
Fair Value - within 1 year	4,237
Fair Value - After 1 to 5 years	14,421
Fair Value - After 5 to 10 years	11,262
Fair Value - After 10 years	53,448
Held to maturity securities fair value	$ 83,368	$ 94,891

Debt Securities Held-to-matur_5

Debt Securities Held-to-maturity - Delinquency status (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Securities, Held-to-maturity
Held to maturity securities	$ 79,461	$ 92,621
Obligations of Puerto Rico, States and political subdivisions
Debt Securities, Held-to-maturity
Held to maturity securities	73,476	81,029
Collateralized Mortgage Obligations - Federal agencies
Debt Securities, Held-to-maturity
Held to maturity securities	25	31
Securities in wholly owned statutory business trusts
Debt Securities, Held-to-maturity
Held to maturity securities	$ 5,960	$ 11,561

Debt Securities Held-to-matur_6

Debt Securities Held-to-maturity - Credit quality indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt securities held to maturity credit quality indicator
Held to maturity securities	$ 79,461	$ 92,621
Obligations of Puerto Rico, States and political subdivisions
Debt securities held to maturity credit quality indicator
Held to maturity securities	73,476	81,029
Obligations of Puerto Rico, States and political subdivisions | Munis Payable From Real and Personal Property Taxes
Debt securities held to maturity credit quality indicator
Held to maturity securities	30,145	35,315
Watch | Obligations of Puerto Rico, States and political subdivisions | Munis Payable From Real and Personal Property Taxes
Debt securities held to maturity credit quality indicator
Held to maturity securities	16,345	35,315
Pass | Obligations of Puerto Rico, States and political subdivisions | Munis Payable From Real and Personal Property Taxes
Debt securities held to maturity credit quality indicator
Held to maturity securities	$ 13,800	$ 0

Debt Securities Held-to-matur_7

Debt Securities Held-to-maturity - Allowance for credit loss on held to maturity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt securities held to maturity allowance for credit loss
Beginning balance	$ 10,261
Ending balance	8,096	$ 10,261
Obligations of Puerto Rico, States and political subdivisions
Debt securities held to maturity allowance for credit loss
Beginning balance	10,261	0
Impact of adopting CECL	0	12,654
Provision for credit losses (benefit)	(2,165)	(2,393)
Securities charged-off	0	0
Recoveries	0	0
Ending balance	$ 8,096	$ 10,261

Debt Securities Held-to-matur_8

Debt Securities Held-to-maturity -Additional Information (Details) $ in Thousands	Dec. 31, 2021USD ($)score	Dec. 31, 2020USD ($)score	Jan. 02, 2020USD ($)	Dec. 31, 2019USD ($)
Debt Securities, Held-to-maturity
Debt securities held-to-maturity, at amortized cost (includes $3,125 in common securities from statutory trusts (2020 - $8,726))	$ 79,461	$ 92,621
Allowance for credit losses	8,096	10,261	$ 13,000
Obligations of Puerto Rico, States and political subdivisions
Debt Securities, Held-to-maturity
Debt securities held-to-maturity, at amortized cost (includes $3,125 in common securities from statutory trusts (2020 - $8,726))	73,476	81,029
Allowance for credit losses	$ 8,096	$ 10,261		$ 0
Average Credit Score Fico | score	704	697
Percentage of nominal value	64.00%	66.00%
Obligations of Puerto Rico, States and political subdivisions | Munis Payable From Real and Personal Property Taxes
Debt Securities, Held-to-maturity
Debt securities held-to-maturity, at amortized cost (includes $3,125 in common securities from statutory trusts (2020 - $8,726))	$ 30,145	$ 35,315
Allowance for credit losses	300	1,400
Obligations of Puerto Rico, States and political subdivisions | Munis Not Guaranteed By Puerto Rico Central Government
Debt Securities, Held-to-maturity
Debt securities held-to-maturity, at amortized cost (includes $3,125 in common securities from statutory trusts (2020 - $8,726))	43,000	46,000
Allowance for credit losses	$ 7,800	$ 8,900

Loans - Loans held-in-portfolio

Loans - Loans held-in-portfolio in past due status, non-performing status and accruing loans past-due 90 days or more by loan class (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	$ 29,240,557	$ 29,385,196
Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	344,648	361,661
Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	117,801	142,054
Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,028,644	1,765,838
Non-accrual loans	547,877	737,774
Accruing loans past-due 90 days or more	480,767	1,028,064
Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,491,093	2,269,553
Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	27,749,464	27,115,643
Construction
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	716,220	926,208
Construction | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	21,312
Construction | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Construction | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	485	29,057
Non-accrual loans	485	29,057
Accruing loans past-due 90 days or more	0	0
Construction | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	485	50,369
Construction | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	715,735	875,839
Mortgages
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	7,427,196	7,890,680
Mortgages | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	229,541	229,024
Mortgages | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	84,327	103,190
Mortgages | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	827,214	1,443,688
Non-accrual loans	355,856	429,207
Accruing loans past-due 90 days or more	471,358	1,014,481
Mortgages | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,141,082	1,775,902
Mortgages | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,286,114	6,114,778
Commercial | Commercial multi-family
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,962,630	1,895,991
Commercial | Commercial multi-family | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,140	6,069
Commercial | Commercial multi-family | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Commercial | Commercial multi-family | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	272	2,399
Non-accrual loans	272	2,399
Accruing loans past-due 90 days or more	0	0
Commercial | Commercial multi-family | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,412	8,468
Commercial | Commercial multi-family | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,958,218	1,887,523
Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,613,390	4,001,143
Commercial | CRE non-owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,120	3,113
Commercial | CRE non-owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	819	7,143
Commercial | CRE non-owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	21,338	77,806
Non-accrual loans	21,338	77,806
Accruing loans past-due 90 days or more	0	0
Commercial | CRE non-owner occupied | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	30,277	88,062
Commercial | CRE non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,583,113	3,913,081
Commercial | CRE owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,818,102	1,943,275
Commercial | CRE owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,424	8,461
Commercial | CRE owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	278	1,868
Commercial | CRE owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	55,348	92,335
Non-accrual loans	55,348	92,335
Accruing loans past-due 90 days or more	0	0
Commercial | CRE owner occupied | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	60,050	102,664
Commercial | CRE owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,758,052	1,840,611
Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,338,579	5,773,901
Commercial | Commercial and Industrial | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,848	11,340
Commercial | Commercial and Industrial | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,407	847
Commercial | Commercial and Industrial | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	49,257	38,103
Non-accrual loans	48,621	37,540
Accruing loans past-due 90 days or more	636	563
Commercial | Commercial and Industrial | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	66,512	50,290
Commercial | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,272,067	5,723,611
Leasing
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,381,319	1,197,661
Leasing | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	9,240	9,141
Leasing | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,037	1,427
Leasing | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,102	3,441
Non-accrual loans	3,102	3,441
Accruing loans past-due 90 days or more	0	0
Leasing | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	14,379	14,009
Leasing | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,366,940	1,183,652
Consumer | Credit card
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	919,861	919,966
Consumer | Credit card | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,768	6,550
Consumer | Credit card | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,520	4,619
Consumer | Credit card | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,577	12,801
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	8,577	12,801
Consumer | Credit card | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	17,865	23,970
Consumer | Credit card | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	901,996	895,996
Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	78,862	98,750
Consumer | Home equity lines of credit | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	117	420
Consumer | Home equity lines of credit | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	34	342
Consumer | Home equity lines of credit | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,429	7,539
Non-accrual loans	5,406	7,491
Accruing loans past-due 90 days or more	23	48
Consumer | Home equity lines of credit | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,580	8,301
Consumer | Home equity lines of credit | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	73,282	90,449
Consumer | Personal loans
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,443,005	1,476,985
Consumer | Personal loans | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10,890	12,741
Consumer | Personal loans | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,646	9,439
Consumer | Personal loans | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	21,916	27,861
Non-accrual loans	21,916	27,861
Accruing loans past-due 90 days or more	0	0
Consumer | Personal loans | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	39,452	50,041
Consumer | Personal loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,403,553	1,426,944
Consumer | Auto Loan
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,412,187	3,132,228
Consumer | Auto Loan | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	59,128	53,186
Consumer | Auto Loan | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	15,019	12,696
Consumer | Auto Loan | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	23,085	15,736
Non-accrual loans	23,085	15,736
Accruing loans past-due 90 days or more	0	0
Consumer | Auto Loan | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	97,232	81,618
Consumer | Auto Loan | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,314,955	3,050,610
Consumer | Other
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	129,206	128,408
Consumer | Other | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	432	304
Consumer | Other | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	714	483
Consumer | Other | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,621	15,072
Non-accrual loans	12,448	14,901
Accruing loans past-due 90 days or more	173	171
Consumer | Other | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	13,767	15,859
Consumer | Other | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	115,439	112,549
Puerto Rico
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	20,865,382	21,573,280
Puerto Rico | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	311,951	297,700
Puerto Rico | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	111,257	120,544
Puerto Rico | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	994,938	1,728,438
Non-accrual loans	514,289	700,377
Accruing loans past-due 90 days or more	480,649	1,028,061
Puerto Rico | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,418,146	2,146,682
Puerto Rico | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	19,447,236	19,426,598
Puerto Rico | Construction
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	87,111	157,106
Puerto Rico | Construction | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Puerto Rico | Construction | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Puerto Rico | Construction | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	485	21,497
Non-accrual loans	485	21,497
Accruing loans past-due 90 days or more	0	0
Puerto Rico | Construction | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	485	21,497
Puerto Rico | Construction | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	86,626	135,609
Puerto Rico | Mortgages
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,251,866	6,770,143
Puerto Rico | Mortgages | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	217,830	195,602
Puerto Rico | Mortgages | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	81,754	87,726
Puerto Rico | Mortgages | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	805,245	1,428,824
Non-accrual loans	333,887	414,343
Accruing loans past-due 90 days or more	471,358	1,014,481
Puerto Rico | Mortgages | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,104,829	1,712,152
Puerto Rico | Mortgages | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,147,037	5,057,991
Puerto Rico | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	154,769	152,280
Puerto Rico | Commercial | Commercial multi-family | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	314	796
Puerto Rico | Commercial | Commercial multi-family | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Puerto Rico | Commercial | Commercial multi-family | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	272	505
Non-accrual loans	272	505
Accruing loans past-due 90 days or more	0	0
Puerto Rico | Commercial | Commercial multi-family | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	586	1,301
Puerto Rico | Commercial | Commercial multi-family | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	154,183	150,979
Puerto Rico | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,289,923	2,007,333
Puerto Rico | Commercial | CRE non-owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,399	2,189
Puerto Rico | Commercial | CRE non-owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	136	3,503
Puerto Rico | Commercial | CRE non-owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	20,716	77,137
Non-accrual loans	20,716	77,137
Accruing loans past-due 90 days or more	0	0
Puerto Rico | Commercial | CRE non-owner occupied | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	23,251	82,829
Puerto Rico | Commercial | CRE non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,266,672	1,924,504
Puerto Rico | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,423,729	1,598,895
Puerto Rico | Commercial | CRE owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,329	8,270
Puerto Rico | Commercial | CRE owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	278	1,218
Puerto Rico | Commercial | CRE owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	54,335	92,001
Non-accrual loans	54,335	92,001
Accruing loans past-due 90 days or more	0	0
Puerto Rico | Commercial | CRE owner occupied | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	57,942	101,489
Puerto Rico | Commercial | CRE owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,365,787	1,497,406
Puerto Rico | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,528,448	4,229,108
Puerto Rico | Commercial | Commercial and Industrial | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,438	10,223
Puerto Rico | Commercial | Commercial and Industrial | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,727	775
Puerto Rico | Commercial | Commercial and Industrial | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	45,242	35,012
Non-accrual loans	44,724	34,449
Accruing loans past-due 90 days or more	518	563
Puerto Rico | Commercial | Commercial and Industrial | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	50,407	46,010
Puerto Rico | Commercial | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,478,041	4,183,098
Puerto Rico | Leasing
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,381,319	1,197,661
Puerto Rico | Leasing | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	9,240	9,141
Puerto Rico | Leasing | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,037	1,427
Puerto Rico | Leasing | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,102	3,441
Non-accrual loans	3,102	3,441
Accruing loans past-due 90 days or more	0	0
Puerto Rico | Leasing | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	14,379	14,009
Puerto Rico | Leasing | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,366,940	1,183,652
Puerto Rico | Consumer | Credit card
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	919,851	919,935
Puerto Rico | Consumer | Credit card | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,768	6,550
Puerto Rico | Consumer | Credit card | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,520	4,619
Puerto Rico | Consumer | Credit card | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,577	12,798
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	8,577	12,798
Puerto Rico | Consumer | Credit card | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	17,865	23,967
Puerto Rico | Consumer | Credit card | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	901,986	895,968
Puerto Rico | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,571	4,179
Puerto Rico | Consumer | Home equity lines of credit | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	46	184
Puerto Rico | Consumer | Home equity lines of credit | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Puerto Rico | Consumer | Home equity lines of credit | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	23	48
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	23	48
Puerto Rico | Consumer | Home equity lines of credit | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	69	232
Puerto Rico | Consumer | Home equity lines of credit | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,502	3,947
Puerto Rico | Consumer | Personal loans
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,288,060	1,277,747
Puerto Rico | Consumer | Personal loans | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10,027	11,255
Puerto Rico | Consumer | Personal loans | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,072	8,097
Puerto Rico | Consumer | Personal loans | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	21,235	26,387
Non-accrual loans	21,235	26,387
Accruing loans past-due 90 days or more	0	0
Puerto Rico | Consumer | Personal loans | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	37,334	45,739
Puerto Rico | Consumer | Personal loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,250,726	1,232,008
Puerto Rico | Consumer | Auto Loan
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,412,187	3,132,228
Puerto Rico | Consumer | Auto Loan | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	59,128	53,186
Puerto Rico | Consumer | Auto Loan | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	15,019	12,696
Puerto Rico | Consumer | Auto Loan | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	23,085	15,736
Non-accrual loans	23,085	15,736
Accruing loans past-due 90 days or more	0	0
Puerto Rico | Consumer | Auto Loan | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	97,232	81,618
Puerto Rico | Consumer | Auto Loan | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,314,955	3,050,610
Puerto Rico | Consumer | Other
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	124,548	126,665
Puerto Rico | Consumer | Other | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	432	304
Puerto Rico | Consumer | Other | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	714	483
Puerto Rico | Consumer | Other | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,621	15,052
Non-accrual loans	12,448	14,881
Accruing loans past-due 90 days or more	173	171
Puerto Rico | Consumer | Other | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	13,767	15,839
Puerto Rico | Consumer | Other | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	110,781	110,826
Popular U.S.
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,375,175	7,811,916
Popular U.S. | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	32,697	63,961
Popular U.S. | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,544	21,510
Popular U.S. | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	33,706	37,400
Non-accrual loans	33,588	37,397
Accruing loans past-due 90 days or more	118	3
Popular U.S. | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	72,947	122,871
Popular U.S. | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,302,228	7,689,045
Popular U.S. | Construction
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	629,109	769,102
Popular U.S. | Construction | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	21,312
Popular U.S. | Construction | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Construction | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	7,560
Non-accrual loans	0	7,560
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Construction | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	28,872
Popular U.S. | Construction | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	629,109	740,230
Popular U.S. | Mortgages
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,175,330	1,120,537
Popular U.S. | Mortgages | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	11,711	33,422
Popular U.S. | Mortgages | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,573	15,464
Popular U.S. | Mortgages | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	21,969	14,864
Non-accrual loans	21,969	14,864
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Mortgages | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	36,253	63,750
Popular U.S. | Mortgages | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,139,077	1,056,787
Popular U.S. | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,807,861	1,743,711
Popular U.S. | Commercial | Commercial multi-family | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,826	5,273
Popular U.S. | Commercial | Commercial multi-family | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Commercial | Commercial multi-family | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	1,894
Non-accrual loans	0	1,894
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Commercial | Commercial multi-family | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,826	7,167
Popular U.S. | Commercial | Commercial multi-family | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,804,035	1,736,544
Popular U.S. | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,323,467	1,993,810
Popular U.S. | Commercial | CRE non-owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,721	924
Popular U.S. | Commercial | CRE non-owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	683	3,640
Popular U.S. | Commercial | CRE non-owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	622	669
Non-accrual loans	622	669
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Commercial | CRE non-owner occupied | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	7,026	5,233
Popular U.S. | Commercial | CRE non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,316,441	1,988,577
Popular U.S. | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	394,373	344,380
Popular U.S. | Commercial | CRE owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,095	191
Popular U.S. | Commercial | CRE owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	650
Popular U.S. | Commercial | CRE owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,013	334
Non-accrual loans	1,013	334
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Commercial | CRE owner occupied | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,108	1,175
Popular U.S. | Commercial | CRE owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	392,265	343,205
Popular U.S. | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,810,131	1,544,793
Popular U.S. | Commercial | Commercial and Industrial | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	9,410	1,117
Popular U.S. | Commercial | Commercial and Industrial | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,680	72
Popular U.S. | Commercial | Commercial and Industrial | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,015	3,091
Non-accrual loans	3,897	3,091
Accruing loans past-due 90 days or more	118	0
Popular U.S. | Commercial | Commercial and Industrial | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	16,105	4,280
Popular U.S. | Commercial | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,794,026	1,540,513
Popular U.S. | Consumer | Credit card
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10	31
Popular U.S. | Consumer | Credit card | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Consumer | Credit card | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Consumer | Credit card | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	3
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	0	3
Popular U.S. | Consumer | Credit card | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	3
Popular U.S. | Consumer | Credit card | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10	28
Popular U.S. | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	75,291	94,571
Popular U.S. | Consumer | Home equity lines of credit | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	71	236
Popular U.S. | Consumer | Home equity lines of credit | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	34	342
Popular U.S. | Consumer | Home equity lines of credit | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,406	7,491
Non-accrual loans	5,406	7,491
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Consumer | Home equity lines of credit | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,511	8,069
Popular U.S. | Consumer | Home equity lines of credit | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	69,780	86,502
Popular U.S. | Consumer | Personal loans
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	154,945	199,238
Popular U.S. | Consumer | Personal loans | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	863	1,486
Popular U.S. | Consumer | Personal loans | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	574	1,342
Popular U.S. | Consumer | Personal loans | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	681	1,474
Non-accrual loans	681	1,474
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Consumer | Personal loans | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,118	4,302
Popular U.S. | Consumer | Personal loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	152,827	194,936
Popular U.S. | Consumer | Other
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,658	1,743
Popular U.S. | Consumer | Other | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Consumer | Other | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Consumer | Other | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	20
Non-accrual loans	0	20
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Consumer | Other | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	20
Popular U.S. | Consumer | Other | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	$ 4,658	$ 1,723

Loans - Loans HIP in past due s

Loans - Loans HIP in past due status, non-performing status and accruing loans past-due 90 days or more by loan class (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable
Unearned Income		$ 265,668	$ 203,234
Loans held-for-sale, at lower of cost or fair value		59,168	99,455
Loans pledged as collateral		6,600,000	6,500,000
Loans-held-in portfolio served as collateral to secure credit facilities authorized with the FHLB		3,200,000	4,100,000
Notes Receivable Gross		29,240,557	29,385,196
FRB Advances
Accounts, Notes, Loans and Financing Receivable
Loans served as collateral to secure debt obligations		1,700,000	2,400,000
Public Funds
Accounts, Notes, Loans and Financing Receivable
Loans served as collateral to secure debt obligations		1,700,000
Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		27,749,464	27,115,643
Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		1,491,093	2,269,553
Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing		480,767	1,028,064
Notes Receivable Gross		1,028,644	1,765,838
Buy Back Option Program
Accounts, Notes, Loans and Financing Receivable
Repurchased loans		94,000	862,000
GNMA | Buy Back Option Program
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross				$ 324,000
GNMA | Bulk loan repurchase
Accounts, Notes, Loans and Financing Receivable
Repurchased loans	$ 687,900		688,000
GNMA | Bulk loan repurchase | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Repurchased loans			684,000
Puerto Rico
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		20,865,382	21,573,280
Puerto Rico | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		19,447,236	19,426,598
Puerto Rico | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		1,418,146	2,146,682
Puerto Rico | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing		480,649	1,028,061
Notes Receivable Gross		994,938	1,728,438
Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		7,427,196	7,890,680
Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		6,286,114	6,114,778
Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		1,141,082	1,775,902
Mortgages | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing		471,358	1,014,481
Notes Receivable Gross		827,214	1,443,688
Mortgages | GNMA | Buy Back Option Program | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing		13,000	57,000
Mortgages | Puerto Rico
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		6,251,866	6,770,143
Mortgages | Puerto Rico | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		5,147,037	5,057,991
Mortgages | Puerto Rico | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		1,104,829	1,712,152
Mortgages | Puerto Rico | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing		471,358	1,014,481
Notes Receivable Gross		805,245	1,428,824
Mortgages | Puerto Rico | GNMA | Buy Back Option Program | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing			57,000
Reverse Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		50,000	60,000
Reverse Mortgages | Puerto Rico | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		50,000	60,000
Residential mortgage loans insured By FHA | Puerto Rico
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing		$ 304,000	$ 329,000

Loans - Components of Net Finan

Loans - Components of Net Financing Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Receivables
Total minimum lease payments	$ 1,190,545	$ 957,367
Estimated residual value of leased property	518,670	419,024
Deferred origination costs, net of fees	21,474	18,141
Less - Unearned financing income	257,738	196,788
Net minimum lease payments	1,472,951	1,197,744
Less - Allowance for credit losses	18,581	16,863
Net minimum lease payments, net of allowance for credit losses	$ 1,454,370	$ 1,180,881

Loans - Future minimum lease pa

Loans - Future minimum lease payments (Details) $ in Thousands	Dec. 31, 2021USD ($)
Sales Type and Direct financing Leases Lease Receivable Fiscal Year Maturity [Abstract]
2022	$ 106,927
2023	123,654
2024	181,405
2025	216,577
2026	369,592
2027 and thereafter	192,390
Total	$ 1,190,545

Loans - Amortized cost basis an

Loans - Amortized cost basis and interest income recognized on non-accrual loans (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing receivable nonaccrual status
Non-accrual with no allowance	$ 236,858	$ 203,460
Non-accrual with allowance	311,019	534,314
Construction
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	485	29,057
Mortgages
Financing receivable nonaccrual status
Non-accrual with no allowance	169,856	142,254
Non-accrual with allowance	186,000	286,953
Commercial | Commercial multi-family
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	272	2,399
Commercial | CRE non-owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	15,819	35,968
Non-accrual with allowance	5,519	41,838
Commercial | CRE owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	13,491	14,825
Non-accrual with allowance	41,857	77,510
Commercial | Commercial and Industrial
Financing receivable nonaccrual status
Non-accrual with no allowance	30,177	1,148
Non-accrual with allowance	18,444	36,392
Leasing
Financing receivable nonaccrual status
Non-accrual with no allowance	276	0
Non-accrual with allowance	2,826	3,441
Consumer | Home equity lines of credit
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	5,406	7,491
Consumer | Personal loans
Financing receivable nonaccrual status
Non-accrual with no allowance	6,360	9,265
Non-accrual with allowance	15,556	18,596
Consumer | Auto Loan
Financing receivable nonaccrual status
Non-accrual with no allowance	879	0
Non-accrual with allowance	22,206	15,736
Consumer | Other
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	12,448	14,901
Puerto Rico
Financing receivable nonaccrual status
Non-accrual with no allowance	236,748	202,943
Non-accrual with allowance	277,541	497,434
Puerto Rico | Construction
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	485	21,497
Puerto Rico | Mortgages
Financing receivable nonaccrual status
Non-accrual with no allowance	169,827	141,737
Non-accrual with allowance	164,060	272,606
Puerto Rico | Commercial | Commercial multi-family
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	272	505
Puerto Rico | Commercial | CRE non-owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	15,819	35,968
Non-accrual with allowance	4,897	41,169
Puerto Rico | Commercial | CRE owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	13,491	14,825
Non-accrual with allowance	40,844	77,176
Puerto Rico | Commercial | Commercial and Industrial
Financing receivable nonaccrual status
Non-accrual with no allowance	30,177	1,148
Non-accrual with allowance	14,547	33,301
Puerto Rico | Leasing
Financing receivable nonaccrual status
Non-accrual with no allowance	276	0
Non-accrual with allowance	2,826	3,441
Puerto Rico | Consumer | Home equity lines of credit
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	0	0
Puerto Rico | Consumer | Personal loans
Financing receivable nonaccrual status
Non-accrual with no allowance	6,279	9,265
Non-accrual with allowance	14,956	17,122
Puerto Rico | Consumer | Auto Loan
Financing receivable nonaccrual status
Non-accrual with no allowance	879	0
Non-accrual with allowance	22,206	15,736
Puerto Rico | Consumer | Other
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	12,448	14,881
Popular U.S.
Financing receivable nonaccrual status
Non-accrual with no allowance	110	517
Non-accrual with allowance	33,478	36,880
Popular U.S. | Construction
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	0	7,560
Popular U.S. | Mortgages
Financing receivable nonaccrual status
Non-accrual with no allowance	29	517
Non-accrual with allowance	21,940	14,347
Popular U.S. | Commercial | Commercial multi-family
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	0	1,894
Popular U.S. | Commercial | CRE non-owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	622	669
Popular U.S. | Commercial | CRE owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	1,013	334
Popular U.S. | Commercial | Commercial and Industrial
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	3,897	3,091
Popular U.S. | Leasing
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	0	0
Popular U.S. | Consumer | Home equity lines of credit
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	5,406	7,491
Popular U.S. | Consumer | Personal loans
Financing receivable nonaccrual status
Non-accrual with no allowance	81	0
Non-accrual with allowance	600	1,474
Popular U.S. | Consumer | Auto Loan
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	0	0
Popular U.S. | Consumer | Other
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	$ 0	$ 20

Loans - Amortized cost basis of

Loans - Amortized cost basis of collateral dependent loans by class (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	$ 29,240,557	$ 29,385,196
Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	497,988	634,621
Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	449,183	608,599
Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	9,557	4
Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	680	1,438
Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		1,545
Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,675	10,989
Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	27,893	12,046
Construction
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	716,220	926,208
Construction | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		29,057
Construction | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		29,057
Construction | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Construction | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Construction | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Construction | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Construction | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	7,427,196	7,890,680
Mortgages | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	180,700	182,503
Mortgages | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	180,700	182,503
Mortgages | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Mortgages | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Mortgages | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Mortgages | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Mortgages | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | Commercial multi-family
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,962,630	1,895,991
Commercial | Commercial multi-family | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,374	3,056
Commercial | Commercial multi-family | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,374	3,056
Commercial | Commercial multi-family | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | Commercial multi-family | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | Commercial multi-family | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Commercial | Commercial multi-family | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | Commercial multi-family | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE non-owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	4,613,390	4,001,143
Commercial | CRE non-owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	211,026	299,223
Commercial | CRE non-owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	211,026	299,223
Commercial | CRE non-owner occupied | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE non-owner occupied | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE non-owner occupied | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Commercial | CRE non-owner occupied | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE non-owner occupied | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,818,102	1,943,275
Commercial | CRE owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	47,268	79,769
Commercial | CRE owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	47,268	79,769
Commercial | CRE owner occupied | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE owner occupied | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE owner occupied | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Commercial | CRE owner occupied | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | CRE owner occupied | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	5,338,579	5,773,901
Commercial | Commercial and Industrial | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	41,898	33,595
Commercial | Commercial and Industrial | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	2,650	7,577
Commercial | Commercial and Industrial | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Commercial | Commercial and Industrial | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	680	1,438
Commercial | Commercial and Industrial | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		1,545
Commercial | Commercial and Industrial | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,675	10,989
Commercial | Commercial and Industrial | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	27,893	12,046
Consumer | Personal loans
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,443,005	1,476,985
Consumer | Personal loans | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,165	7,414
Consumer | Personal loans | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,165	7,414
Consumer | Personal loans | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Personal loans | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Personal loans | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Consumer | Personal loans | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Personal loans | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Auto Loan
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	3,412,187	3,132,228
Consumer | Auto Loan | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	8,983	4
Consumer | Auto Loan | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Auto Loan | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	8,983	4
Consumer | Auto Loan | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Auto Loan | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Consumer | Auto Loan | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Auto Loan | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Consumer | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	129,206	128,408
Leasing
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,381,319	1,197,661
Leasing | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	574
Leasing | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Leasing | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	574
Leasing | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Leasing | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Leasing | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Puerto Rico
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	20,865,382	21,573,280
Puerto Rico | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	497,062	622,906
Puerto Rico | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	448,257	598,429
Puerto Rico | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	9,557	4
Puerto Rico | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	680	1,438
Puerto Rico | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Puerto Rico | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,675	10,989
Puerto Rico | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	27,893	12,046
Puerto Rico | Construction
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	87,111	157,106
Puerto Rico | Construction | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		21,497
Puerto Rico | Construction | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		21,497
Puerto Rico | Construction | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Puerto Rico | Construction | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Puerto Rico | Construction | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Puerto Rico | Construction | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Puerto Rico | Construction | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Puerto Rico | Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,251,866	6,770,143
Puerto Rico | Mortgages | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	179,774	181,648
Puerto Rico | Mortgages | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	179,774	181,648
Puerto Rico | Mortgages | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Mortgages | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Mortgages | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Puerto Rico | Mortgages | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Mortgages | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | Commercial multi-family
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	154,769	152,280
Puerto Rico | Commercial | Commercial multi-family | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,374	1,301
Puerto Rico | Commercial | Commercial multi-family | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,374	1,301
Puerto Rico | Commercial | Commercial multi-family | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | Commercial multi-family | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | Commercial multi-family | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Puerto Rico | Commercial | Commercial multi-family | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | Commercial multi-family | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE non-owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	2,289,923	2,007,333
Puerto Rico | Commercial | CRE non-owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	211,026	299,223
Puerto Rico | Commercial | CRE non-owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	211,026	299,223
Puerto Rico | Commercial | CRE non-owner occupied | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE non-owner occupied | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE non-owner occupied | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Puerto Rico | Commercial | CRE non-owner occupied | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE non-owner occupied | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,423,729	1,598,895
Puerto Rico | Commercial | CRE owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	47,268	79,769
Puerto Rico | Commercial | CRE owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	47,268	79,769
Puerto Rico | Commercial | CRE owner occupied | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE owner occupied | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE owner occupied | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Puerto Rico | Commercial | CRE owner occupied | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | CRE owner occupied | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	3,528,448	4,229,108
Puerto Rico | Commercial | Commercial and Industrial | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	41,898	32,050
Puerto Rico | Commercial | Commercial and Industrial | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	2,650	7,577
Puerto Rico | Commercial | Commercial and Industrial | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Commercial | Commercial and Industrial | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	680	1,438
Puerto Rico | Commercial | Commercial and Industrial | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Puerto Rico | Commercial | Commercial and Industrial | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,675	10,989
Puerto Rico | Commercial | Commercial and Industrial | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	27,893	12,046
Puerto Rico | Consumer | Personal loans
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,288,060	1,277,747
Puerto Rico | Consumer | Personal loans | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,165	7,414
Puerto Rico | Consumer | Personal loans | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,165	7,414
Puerto Rico | Consumer | Personal loans | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Personal loans | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Personal loans | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Puerto Rico | Consumer | Personal loans | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Personal loans | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Auto Loan
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	3,412,187	3,132,228
Puerto Rico | Consumer | Auto Loan | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	8,983	4
Puerto Rico | Consumer | Auto Loan | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Auto Loan | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	8,983	4
Puerto Rico | Consumer | Auto Loan | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Auto Loan | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Puerto Rico | Consumer | Auto Loan | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Auto Loan | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Consumer | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	124,548	126,665
Puerto Rico | Leasing
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,381,319	1,197,661
Puerto Rico | Leasing | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	574
Puerto Rico | Leasing | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Puerto Rico | Leasing | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	574
Puerto Rico | Leasing | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Puerto Rico | Leasing | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Puerto Rico | Leasing | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Popular U.S.
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	8,375,175	7,811,916
Popular U.S. | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	926	11,715
Popular U.S. | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	926	10,170
Popular U.S. | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		1,545
Popular U.S. | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Construction
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	629,109	769,102
Popular U.S. | Construction | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		7,560
Popular U.S. | Construction | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		7,560
Popular U.S. | Construction | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Construction | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Construction | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Construction | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Construction | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,175,330	1,120,537
Popular U.S. | Mortgages | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	926	855
Popular U.S. | Mortgages | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	926	855
Popular U.S. | Mortgages | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Mortgages | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Mortgages | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Mortgages | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Mortgages | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S. | Commercial | Commercial multi-family
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,807,861	1,743,711
Popular U.S. | Commercial | Commercial multi-family | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		1,755
Popular U.S. | Commercial | Commercial multi-family | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		1,755
Popular U.S. | Commercial | Commercial multi-family | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Commercial | Commercial multi-family | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Commercial | Commercial multi-family | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Commercial | Commercial multi-family | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Commercial | Commercial multi-family | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Commercial | CRE non-owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	2,323,467	1,993,810
Popular U.S. | Commercial | CRE owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	394,373	344,380
Popular U.S. | Commercial | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,810,131	1,544,793
Popular U.S. | Commercial | Commercial and Industrial | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		1,545
Popular U.S. | Commercial | Commercial and Industrial | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Commercial | Commercial and Industrial | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Commercial | Commercial and Industrial | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Commercial | Commercial and Industrial | Taxi medallions
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		1,545
Popular U.S. | Commercial | Commercial and Industrial | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Commercial | Commercial and Industrial | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross		0
Popular U.S. | Consumer | Personal loans
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	154,945	199,238
Popular U.S. | Consumer | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	$ 4,658	$ 1,743

Loans - Purchased Credit Deteri

Loans - Purchased Credit Deteriorated Loans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Purchased Financial Assets With Credit Deterioration [Abstract]
Purchase price of loans at acquisition	$ 10,995	$ 152,667
Allowance for credit losses at acquisition	3,142	7,512
Non-credit discount/premium at acquisition	446	(6,542)
Par value of acquired loans at acquisition	$ 14,583	$ 153,637

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2021	Dec. 31, 2020	Oct. 15, 2021	Jun. 30, 2020
Accounts, Notes, Loans and Financing Receivable
Interest income recognized		$ 3,000	$ 4,000
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds		743,847	515,307
Financing Receivable Modifications Recorded Investment		1,656,822	1,668,368
Loans held in portfolio, net of unearned income		29,240,557	29,385,196
Non-accrual with no allowance		236,858	203,460
K2 Capital Group LLC
Accounts, Notes, Loans and Financing Receivable
Commercial loans				$ 115,575
K2 Capital Group LLC | Book value
Accounts, Notes, Loans and Financing Receivable
Commercial loans				118,907
Direct financing leases | K2 Capital Group LLC | Book value
Accounts, Notes, Loans and Financing Receivable
Commercial loans				105,000
Working capital | K2 Capital Group LLC | Book value
Accounts, Notes, Loans and Financing Receivable
Commercial loans				$ 14,000
Trading account debt securities
Accounts, Notes, Loans and Financing Receivable
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds		732,533	508,071
Accruing
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Modifications Recorded Investment		1,468,966	1,394,538
Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		497,988	634,621
Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		1,491,093	2,269,553
Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more		480,767	1,028,064
Loans held in portfolio, net of unearned income		1,028,644	1,765,838
Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		27,749,464	27,115,643
Buy Back Option Program
Accounts, Notes, Loans and Financing Receivable
Repurchased loans		94,000	862,000
GNMA
Accounts, Notes, Loans and Financing Receivable
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds		380,000	332,000
GNMA | Trading account debt securities
Accounts, Notes, Loans and Financing Receivable
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds		380,228	332,207
GNMA | Buy Back Option Program
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income					$ 324,000
GNMA | Bulk loan repurchase
Accounts, Notes, Loans and Financing Receivable
Repurchased loans	$ 687,900		688,000
GNMA | Bulk loan repurchase | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Repurchased loans			684,000
FNMA
Accounts, Notes, Loans and Financing Receivable
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds		330,000	176,000
FNMA | Trading account debt securities
Accounts, Notes, Loans and Financing Receivable
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds		329,617	175,864
FHLMC
Accounts, Notes, Loans and Financing Receivable
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds		23,000
FHLMC | Trading account debt securities
Accounts, Notes, Loans and Financing Receivable
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds		22,688
Consumer loans
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans		61,000	56,000
Residential Mortgage
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans		393,000	1,300,000
Mortgage Loans Sold		145,000	150,000
Purchased credit deterioration loan
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans		14,000	160,000
Serviced mortgage loans | Loans with recourse
Accounts, Notes, Loans and Financing Receivable
Repurchased loans		19,000	161,000
Serviced mortgage loans | Bulk loan repurchase | Loans with recourse
Accounts, Notes, Loans and Financing Receivable
Repurchased loans			120,000
Mortgages
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Modifications Recorded Investment		1,255,713	1,195,965
Loans held in portfolio, net of unearned income		7,427,196	7,890,680
Non-accrual with no allowance		169,856	142,254
Mortgages | Accruing
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Modifications Recorded Investment		1,143,204	1,060,193
Mortgages | Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		180,700	182,503
Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		1,141,082	1,775,902
Mortgages | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more		471,358	1,014,481
Loans held in portfolio, net of unearned income		827,214	1,443,688
Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		6,286,114	6,114,778
Mortgages | US Government Agency Insured Loans
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		1,900,000	2,100,000
Mortgages | US Government Agency Insured Loans | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		500,000	1,000,000
Mortgages | Guaranteed by us sponsored entities | Accruing
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Modifications Recorded Investment		716,000	655,000
Mortgages | GNMA | Buy Back Option Program | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more		13,000	57,000
Commercial Loans
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans		139,000	26,000
Loans Sold			32,000
Reverse Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		50,000	60,000
Commercial and construction loan
Accounts, Notes, Loans and Financing Receivable
Loans Sold		131,000
Puerto Rico
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		20,865,382	21,573,280
Non-accrual with no allowance		236,748	202,943
Puerto Rico | Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		497,062	622,906
Puerto Rico | Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		1,418,146	2,146,682
Puerto Rico | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more		480,649	1,028,061
Loans held in portfolio, net of unearned income		994,938	1,728,438
Puerto Rico | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		19,447,236	19,426,598
Puerto Rico | Mortgages
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		6,251,866	6,770,143
Non-accrual with no allowance		169,827	141,737
Puerto Rico | Mortgages | Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		179,774	181,648
Puerto Rico | Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		1,104,829	1,712,152
Puerto Rico | Mortgages | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more		471,358	1,014,481
Loans held in portfolio, net of unearned income		805,245	1,428,824
Puerto Rico | Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		5,147,037	5,057,991
Puerto Rico | Mortgages | GNMA | Buy Back Option Program | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more			57,000
Puerto Rico | Reverse Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income		50,000	60,000
Puerto Rico | Residential mortgage loans insured By FHA
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more		$ 304,000	$ 329,000

Allowance for credit losses - A

Allowance for credit losses - Allowance Movement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Allowance for Credit Losses
Beginning balance	$ 896,250	$ 477,708
Impact of adopting CECL		315,107
Provision for credit losses (benefit)	(183,345)	282,336
Initial allowance for credit losses - PCD Loans	3,142	7,512
Charge-offs	(135,177)	(259,331)
Recoveries	114,496	72,918
Ending balance	695,366	896,250
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	15,851	8,717
Impact of adopting CECL		(5,460)
Provision for credit losses (benefit)	(7,954)	12,594
Balance at end of period	7,897	15,851
Construction
Financing Receivable, Allowance for Credit Losses
Beginning balance	14,237	4,840
Impact of adopting CECL		(2,923)
Provision for credit losses (benefit)	(6,297)	11,655
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(7,143)	(1,509)
Recoveries	5,566	2,174
Ending balance	6,363	14,237
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	9,079	419
Impact of adopting CECL		397
Provision for credit losses (benefit)	(4,354)	8,263
Balance at end of period	4,725	9,079
Mortgages
Financing Receivable, Allowance for Credit Losses
Beginning balance	215,716	121,108
Impact of adopting CECL		96,512
Provision for credit losses (benefit)	(61,633)	10,209
Initial allowance for credit losses - PCD Loans	3,142	7,512
Charge-offs	(18,261)	(30,139)
Recoveries	15,514	10,514
Ending balance	154,478	215,716
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	0	0
Impact of adopting CECL		0
Provision for credit losses (benefit)	0	0
Balance at end of period	0	0
Commercial
Financing Receivable, Allowance for Credit Losses
Beginning balance	333,380	147,620
Impact of adopting CECL		91,930
Provision for credit losses (benefit)	(137,122)	108,504
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(18,357)	(29,809)
Recoveries	37,904	15,135
Ending balance	215,805	333,380
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	6,666	830
Impact of adopting CECL		1,611
Provision for credit losses (benefit)	(3,531)	4,225
Balance at end of period	3,135	6,666
Leasing
Financing Receivable, Allowance for Credit Losses
Beginning balance	16,863	10,768
Impact of adopting CECL		(713)
Provision for credit losses (benefit)	2,094	14,172
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(4,637)	(10,447)
Recoveries	3,258	3,083
Ending balance	17,578	16,863
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	0	0
Impact of adopting CECL		0
Provision for credit losses (benefit)	0	0
Balance at end of period	0	0
Consumer
Financing Receivable, Allowance for Credit Losses
Beginning balance	316,054	193,372
Impact of adopting CECL		130,301
Provision for credit losses (benefit)	19,613	137,796
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(86,779)	(187,427)
Recoveries	52,254	42,012
Ending balance	301,142	316,054
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	106	7,468
Impact of adopting CECL		(7,468)
Provision for credit losses (benefit)	(69)	106
Balance at end of period	37	106
Puerto Rico
Financing Receivable, Allowance for Credit Losses
Beginning balance	739,750	432,651
Impact of adopting CECL		270,368
Provision for credit losses (benefit)	(129,018)	205,865
Initial allowance for credit losses - PCD Loans	3,142	7,512
Charge-offs	(124,140)	(238,281)
Recoveries	104,428	61,635
Ending balance	594,162	739,750
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	9,523	8,439
Impact of adopting CECL		(6,494)
Provision for credit losses (benefit)	(5,384)	7,578
Balance at end of period	4,139	9,523
Puerto Rico | Construction
Financing Receivable, Allowance for Credit Losses
Beginning balance	4,871	574
Impact of adopting CECL		115
Provision for credit losses (benefit)	(1,533)	3,228
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(6,620)	0
Recoveries	4,923	954
Ending balance	1,641	4,871
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	4,610	294
Impact of adopting CECL		(185)
Provision for credit losses (benefit)	(2,222)	4,501
Balance at end of period	2,388	4,610
Puerto Rico | Mortgages
Financing Receivable, Allowance for Credit Losses
Beginning balance	195,557	116,281
Impact of adopting CECL		86,081
Provision for credit losses (benefit)	(57,684)	5,318
Initial allowance for credit losses - PCD Loans	3,142	7,512
Charge-offs	(17,656)	(30,080)
Recoveries	14,927	10,445
Ending balance	138,286	195,557
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	0	0
Impact of adopting CECL		0
Provision for credit losses (benefit)	0	0
Balance at end of period	0	0
Puerto Rico | Commercial
Financing Receivable, Allowance for Credit Losses
Beginning balance	225,323	131,063
Impact of adopting CECL		62,393
Provision for credit losses (benefit)	(91,695)	48,756
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(17,180)	(27,731)
Recoveries	35,480	10,842
Ending balance	151,928	225,323
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	4,913	678
Impact of adopting CECL		1,158
Provision for credit losses (benefit)	(3,162)	3,077
Balance at end of period	1,751	4,913
Puerto Rico | Leasing
Financing Receivable, Allowance for Credit Losses
Beginning balance	16,863	10,768
Impact of adopting CECL		(713)
Provision for credit losses (benefit)	2,094	14,172
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(4,637)	(10,447)
Recoveries	3,258	3,083
Ending balance	17,578	16,863
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	0	0
Impact of adopting CECL		0
Provision for credit losses (benefit)	0	0
Balance at end of period	0	0
Puerto Rico | Consumer
Financing Receivable, Allowance for Credit Losses
Beginning balance	297,136	173,965
Impact of adopting CECL		122,492
Provision for credit losses (benefit)	19,800	134,391
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(78,047)	(170,023)
Recoveries	45,840	36,311
Ending balance	284,729	297,136
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	0	7,467
Impact of adopting CECL		(7,467)
Provision for credit losses (benefit)	0	0
Balance at end of period	0	0
Popular U.S.
Financing Receivable, Allowance for Credit Losses
Beginning balance	156,500	45,057
Impact of adopting CECL		44,739
Provision for credit losses (benefit)	(54,327)	76,471
Charge-offs	(11,037)	(21,050)
Recoveries	10,068	11,283
Ending balance	101,204	156,500
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	6,328	278
Impact of adopting CECL		1,034
Provision for credit losses (benefit)	(2,570)	5,016
Balance at end of period	3,758	6,328
Popular U.S. | Construction
Financing Receivable, Allowance for Credit Losses
Beginning balance	9,366	4,266
Impact of adopting CECL		(3,038)
Provision for credit losses (benefit)	(4,764)	8,427
Charge-offs	(523)	(1,509)
Recoveries	643	1,220
Ending balance	4,722	9,366
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	4,469	125
Impact of adopting CECL		582
Provision for credit losses (benefit)	(2,132)	3,762
Balance at end of period	2,337	4,469
Popular U.S. | Mortgages
Financing Receivable, Allowance for Credit Losses
Beginning balance	20,159	4,827
Impact of adopting CECL		10,431
Provision for credit losses (benefit)	(3,949)	4,891
Charge-offs	(605)	(59)
Recoveries	587	69
Ending balance	16,192	20,159
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	0	0
Impact of adopting CECL		0
Provision for credit losses (benefit)	0	0
Balance at end of period	0	0
Popular U.S. | Commercial
Financing Receivable, Allowance for Credit Losses
Beginning balance	108,057	16,557
Impact of adopting CECL		29,537
Provision for credit losses (benefit)	(45,427)	59,748
Charge-offs	(1,177)	(2,078)
Recoveries	2,424	4,293
Ending balance	63,877	108,057
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	1,753	152
Impact of adopting CECL		453
Provision for credit losses (benefit)	(369)	1,148
Balance at end of period	1,384	1,753
Popular U.S. | Consumer
Financing Receivable, Allowance for Credit Losses
Beginning balance	18,918	19,407
Impact of adopting CECL		7,809
Provision for credit losses (benefit)	(187)	3,405
Charge-offs	(8,732)	(17,404)
Recoveries	6,414	5,701
Ending balance	16,413	18,918
Off Balance Sheet Credit Loss Liability [Rollforward]
Balance at beginning of period	106	1
Impact of adopting CECL		(1)
Provision for credit losses (benefit)	(69)	106
Balance at end of period	$ 37	$ 106

Allowance for credit losses - T

Allowance for credit losses - Troubled debt restructuring according to their accruing status (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable
Troubled debt restructurings	$ 1,656,822	$ 1,668,368
TDR
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	102,790	113,309
Non-Accruing
Financing Receivable
Troubled debt restructurings	187,856	273,830
Accruing
Financing Receivable
Troubled debt restructurings	1,468,966	1,394,538
Construction
Financing Receivable
Troubled debt restructurings	0	21,497
Construction | TDR
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	0	4,397
Construction | Non-Accruing
Financing Receivable
Troubled debt restructurings	0	21,497
Construction | Accruing
Financing Receivable
Troubled debt restructurings	0	0
Mortgages
Financing Receivable
Troubled debt restructurings	1,255,713	1,195,965
Mortgages | TDR
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	61,888	71,018
Mortgages | Non-Accruing
Financing Receivable
Troubled debt restructurings	112,509	135,772
Mortgages | Accruing
Financing Receivable
Troubled debt restructurings	1,143,204	1,060,193
Commercial
Financing Receivable
Troubled debt restructurings	326,088	362,797
Commercial | TDR
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	24,736	15,236
Commercial | Non-Accruing
Financing Receivable
Troubled debt restructurings	64,744	103,551
Commercial | Accruing
Financing Receivable
Troubled debt restructurings	261,344	259,246
Leasing
Financing Receivable
Troubled debt restructurings	372	610
Leasing | TDR
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	42	150
Leasing | Non-Accruing
Financing Receivable
Troubled debt restructurings	47	218
Leasing | Accruing
Financing Receivable
Troubled debt restructurings	325	392
Consumer
Financing Receivable
Troubled debt restructurings	74,649	87,499
Consumer | TDR
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	16,124	22,508
Consumer | Non-Accruing
Financing Receivable
Troubled debt restructurings	10,556	12,792
Consumer | Accruing
Financing Receivable
Troubled debt restructurings	$ 64,093	$ 74,707

Allowance for credit losses -_3

Allowance for credit losses - Troubled debt restructuring according to their accruing status - Subnote (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable
Financing Receivable Modifications Recorded Investment	$ 1,656,822	$ 1,668,368
Accruing
Financing Receivable
Financing Receivable Modifications Recorded Investment	1,468,966	1,394,538
Mortgages
Financing Receivable
Financing Receivable Modifications Recorded Investment	1,255,713	1,195,965
Mortgages | Accruing
Financing Receivable
Financing Receivable Modifications Recorded Investment	1,143,204	1,060,193
Mortgages | Guaranteed by us sponsored entities | Accruing
Financing Receivable
Financing Receivable Modifications Recorded Investment	$ 716,000	$ 655,000

Allowance for credit losses -_4

Allowance for credit losses - Troubled debt restructurings loan count by type of modification (Details) - loans	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable
Loan count	2,373	2,103
Reduction in interest rate
Financing Receivable
Loan count	372	1,025
Extension of maturity date
Financing Receivable
Loan count	313	177
Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	1,604	340
Other
Financing Receivable
Loan count	84	561
Construction
Financing Receivable
Loan count		1
Construction | Reduction in interest rate
Financing Receivable
Loan count		0
Construction | Extension of maturity date
Financing Receivable
Loan count		1
Construction | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count		0
Construction | Other
Financing Receivable
Loan count		0
Mortgages
Financing Receivable
Loan count	1,774	813
Mortgages | Reduction in interest rate
Financing Receivable
Loan count	39	3
Mortgages | Extension of maturity date
Financing Receivable
Loan count	140	68
Mortgages | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	1,590	331
Mortgages | Other
Financing Receivable
Loan count	5	411
Commercial | Commercial multi-family
Financing Receivable
Loan count	2	2
Commercial | Commercial multi-family | Reduction in interest rate
Financing Receivable
Loan count	0	0
Commercial | Commercial multi-family | Extension of maturity date
Financing Receivable
Loan count	1	2
Commercial | Commercial multi-family | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	1	0
Commercial | Commercial multi-family | Other
Financing Receivable
Loan count	0	0
Commercial | CRE non-owner occupied
Financing Receivable
Loan count	12	13
Commercial | CRE non-owner occupied | Reduction in interest rate
Financing Receivable
Loan count	0	2
Commercial | CRE non-owner occupied | Extension of maturity date
Financing Receivable
Loan count	11	10
Commercial | CRE non-owner occupied | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	1	0
Commercial | CRE non-owner occupied | Other
Financing Receivable
Loan count	0	1
Commercial | CRE owner occupied
Financing Receivable
Loan count	43	37
Commercial | CRE owner occupied | Reduction in interest rate
Financing Receivable
Loan count	4	0
Commercial | CRE owner occupied | Extension of maturity date
Financing Receivable
Loan count	23	37
Commercial | CRE owner occupied | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	4	0
Commercial | CRE owner occupied | Other
Financing Receivable
Loan count	12	0
Commercial | Commercial and Industrial
Financing Receivable
Loan count	39	53
Commercial | Commercial and Industrial | Reduction in interest rate
Financing Receivable
Loan count	5	3
Commercial | Commercial and Industrial | Extension of maturity date
Financing Receivable
Loan count	13	50
Commercial | Commercial and Industrial | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	0
Commercial | Commercial and Industrial | Other
Financing Receivable
Loan count	21	0
Consumer | Credit card
Financing Receivable
Loan count	178	752
Consumer | Credit card | Reduction in interest rate
Financing Receivable
Loan count	134	659
Consumer | Credit card | Extension of maturity date
Financing Receivable
Loan count	0	0
Consumer | Credit card | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	1	0
Consumer | Credit card | Other
Financing Receivable
Loan count	43	93
Consumer | Home equity lines of credit
Financing Receivable
Loan count	2	3
Consumer | Home equity lines of credit | Reduction in interest rate
Financing Receivable
Loan count	0	0
Consumer | Home equity lines of credit | Extension of maturity date
Financing Receivable
Loan count	1	2
Consumer | Home equity lines of credit | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	1	1
Consumer | Home equity lines of credit | Other
Financing Receivable
Loan count	0	0
Consumer | Personal loans
Financing Receivable
Loan count	303	362
Consumer | Personal loans | Reduction in interest rate
Financing Receivable
Loan count	183	355
Consumer | Personal loans | Extension of maturity date
Financing Receivable
Loan count	117	5
Consumer | Personal loans | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	1	1
Consumer | Personal loans | Other
Financing Receivable
Loan count	2	1
Consumer | Auto Loan
Financing Receivable
Loan count	10	42
Consumer | Auto Loan | Reduction in interest rate
Financing Receivable
Loan count	0	0
Consumer | Auto Loan | Extension of maturity date
Financing Receivable
Loan count	7	2
Consumer | Auto Loan | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	3	2
Consumer | Auto Loan | Other
Financing Receivable
Loan count	0	38
Consumer | Other
Financing Receivable
Loan count	8	3
Consumer | Other | Reduction in interest rate
Financing Receivable
Loan count	7	3
Consumer | Other | Extension of maturity date
Financing Receivable
Loan count	0	0
Consumer | Other | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	0
Consumer | Other | Other
Financing Receivable
Loan count	1	0
Leasing
Financing Receivable
Loan count	2	22
Leasing | Reduction in interest rate
Financing Receivable
Loan count	0	0
Leasing | Extension of maturity date
Financing Receivable
Loan count	0	0
Leasing | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	2	5
Leasing | Other
Financing Receivable
Loan count	0	17

Allowance for credit losses - Q

Allowance for credit losses - Quantitative information by loan class for loans modified as T D R (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)loans	Dec. 31, 2020USD ($)loans
Financing Receivable
Loan count | loans	2,373	2,103
Pre-Modification Recorded Investment	$ 326,611	$ 179,851
Post Modification Recorded Investment	321,125	159,456
Increase (decrease) in the allowance for loan losses as a result of modification	$ 10,346	$ 11,993
Construction
Financing Receivable
Loan count | loans		1
Pre-Modification Recorded Investment		$ 21,514
Post Modification Recorded Investment		21,514
Increase (decrease) in the allowance for loan losses as a result of modification		$ 4,370
Mortgages
Financing Receivable
Loan count | loans	1,774	813
Pre-Modification Recorded Investment	$ 213,661	$ 102,559
Post Modification Recorded Investment	214,367	85,394
Increase (decrease) in the allowance for loan losses as a result of modification	$ 6,632	$ 6,875
Commercial | Commercial multi-family
Financing Receivable
Loan count | loans	2	2
Pre-Modification Recorded Investment	$ 246	$ 1,133
Post Modification Recorded Investment	211	1,115
Increase (decrease) in the allowance for loan losses as a result of modification	$ 26	$ (18)
Commercial | CRE non-owner occupied
Financing Receivable
Loan count | loans	12	13
Pre-Modification Recorded Investment	$ 3,612	$ 25,217
Post Modification Recorded Investment	3,604	22,065
Increase (decrease) in the allowance for loan losses as a result of modification	$ 177	$ (969)
Commercial | CRE owner occupied
Financing Receivable
Loan count | loans	43	37
Pre-Modification Recorded Investment	$ 95,354	$ 10,955
Post Modification Recorded Investment	90,096	10,914
Increase (decrease) in the allowance for loan losses as a result of modification	$ 1,577	$ 137
Commercial | Commercial and Industrial
Financing Receivable
Loan count | loans	39	53
Pre-Modification Recorded Investment	$ 6,573	$ 3,140
Post Modification Recorded Investment	5,719	3,178
Increase (decrease) in the allowance for loan losses as a result of modification	$ 745	$ 34
Consumer | Credit card
Financing Receivable
Loan count | loans	178	752
Pre-Modification Recorded Investment	$ 2,223	$ 7,048
Post Modification Recorded Investment	2,136	7,097
Increase (decrease) in the allowance for loan losses as a result of modification	$ 42	$ 286
Consumer | Home equity lines of credit
Financing Receivable
Loan count | loans	2	3
Pre-Modification Recorded Investment	$ 176	$ 510
Post Modification Recorded Investment	228	396
Increase (decrease) in the allowance for loan losses as a result of modification	$ 54	$ 33
Consumer | Personal loans
Financing Receivable
Loan count | loans	303	362
Pre-Modification Recorded Investment	$ 4,222	$ 6,194
Post Modification Recorded Investment	4,217	6,188
Increase (decrease) in the allowance for loan losses as a result of modification	$ 899	$ 1,043
Consumer | Auto Loan
Financing Receivable
Loan count | loans	10	42
Pre-Modification Recorded Investment	$ 199	$ 836
Post Modification Recorded Investment	206	838
Increase (decrease) in the allowance for loan losses as a result of modification	$ 65	$ 131
Consumer | Other
Financing Receivable
Loan count | loans	8	3
Pre-Modification Recorded Investment	$ 305	$ 25
Post Modification Recorded Investment	303	25
Increase (decrease) in the allowance for loan losses as a result of modification	$ 124	$ 6
Leasing
Financing Receivable
Loan count | loans	2	22
Pre-Modification Recorded Investment	$ 40	$ 720
Post Modification Recorded Investment	38	732
Increase (decrease) in the allowance for loan losses as a result of modification	$ 5	$ 65

Allowance for credit losses -_5

Allowance for credit losses - T D R that subsequently defaulted (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)loans	Dec. 31, 2020USD ($)loans
Financing Receivable
Loan count | loans	225	679
Recorded investment as of first default date | $	$ 25,483	$ 55,417
Construction
Financing Receivable
Loan count | loans		1
Recorded investment as of first default date | $		$ 21,497
Mortgages
Financing Receivable
Loan count | loans	104	249
Recorded investment as of first default date | $	$ 10,543	$ 26,925
Commercial | CRE non-owner occupied
Financing Receivable
Loan count | loans	4	1
Recorded investment as of first default date | $	$ 8,421	$ 1,700
Commercial | CRE owner occupied
Financing Receivable
Loan count | loans	4	6
Recorded investment as of first default date | $	$ 4,500	$ 933
Commercial | Commercial and Industrial
Financing Receivable
Loan count | loans	5	4
Recorded investment as of first default date | $	$ 317	$ 141
Consumer | Credit card
Financing Receivable
Loan count | loans	81	317
Recorded investment as of first default date | $	$ 979	$ 2,560
Consumer | Personal loans
Financing Receivable
Loan count | loans	27	99
Recorded investment as of first default date | $	$ 723	$ 1,660
Consumer | Other
Financing Receivable
Loan count | loans		2
Recorded investment as of first default date | $		$ 1

Allowance for credit losses - C

Allowance for credit losses - Credit quality indicators (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Financing Receivable, Recorded Investment
2021 / 2020	$ 6,846,687	$ 5,860,510
2020 / 2019	4,151,913	4,376,727
2019 / 2018	3,156,760	3,051,726
2018 / 2017	2,335,830	2,132,857
2017 / 2016	1,379,915	1,812,792
Prior Years	8,994,389	9,969,061
Revolving Loans Amortized Cost Basis	2,314,896	2,091,558
Revolving Loans Converted to Term Loans Amortized Cost Basis	60,167	89,965
Loans held in portfolio	29,240,557	29,385,196
Construction
Financing Receivable, Recorded Investment
2021 / 2020	152,183	103,663
2020 / 2019	191,967	311,378
2019 / 2018	190,285	197,384
2018 / 2017	57,829	234,369
2017 / 2016	80,936	15,952
Prior Years	20,760	37,989
Revolving Loans Amortized Cost Basis	22,260	25,473
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	716,220	926,208
Construction | Watch
Financing Receivable, Recorded Investment
2021 / 2020	0	8,451
2020 / 2019	14,300	105
2019 / 2018	23,547	4,895
2018 / 2017	28,757	37,015
2017 / 2016	34,205	0
Prior Years	0	2,065
Revolving Loans Amortized Cost Basis	0	960
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	100,809	53,491
Construction | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	3,089
2017 / 2016	0	0
Prior Years	13,622	30,083
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	13,622	33,172
Construction | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	485	20,655
2018 / 2017	15,438	30,869
2017 / 2016	10,231	7,560
Prior Years	0	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	26,154	59,084
Construction | Pass
Financing Receivable, Recorded Investment
2021 / 2020	152,183	95,212
2020 / 2019	177,667	311,273
2019 / 2018	166,253	171,834
2018 / 2017	13,634	163,396
2017 / 2016	36,500	8,392
Prior Years	7,138	5,841
Revolving Loans Amortized Cost Basis	22,260	24,513
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	575,635	780,461
Mortgages
Financing Receivable, Recorded Investment
2021 / 2020	790,383	621,095
2020 / 2019	576,284	500,582
2019 / 2018	447,641	283,090
2018 / 2017	333,805	225,116
2017 / 2016	205,885	240,056
Prior Years	5,073,198	6,020,741
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	7,427,196	7,890,680
Mortgages | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	783
2020 / 2019	5,292	903
2019 / 2018	9,106	2,393
2018 / 2017	6,580	3,129
2017 / 2016	4,527	4,702
Prior Years	135,370	172,646
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	160,875	184,556
Mortgages | Pass
Financing Receivable, Recorded Investment
2021 / 2020	790,383	620,312
2020 / 2019	570,992	499,679
2019 / 2018	438,535	280,697
2018 / 2017	327,225	221,987
2017 / 2016	201,358	235,354
Prior Years	4,937,828	5,848,095
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	7,266,321	7,706,124
Commercial | Commercial multi-family
Financing Receivable, Recorded Investment
2021 / 2020	456,149	335,989
2020 / 2019	308,193	390,956
2019 / 2018	369,511	255,994
2018 / 2017	233,519	163,722
2017 / 2016	97,289	245,782
Prior Years	493,653	500,599
Revolving Loans Amortized Cost Basis	4,316	2,949
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,962,630	1,895,991
Commercial | Commercial multi-family | Watch
Financing Receivable, Recorded Investment
2021 / 2020	8,600	1,643
2020 / 2019	41,348	16,787
2019 / 2018	56,229	39,980
2018 / 2017	20,682	39,713
2017 / 2016	37,343	52,989
Prior Years	53,238	61,829
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	217,440	212,941
Commercial | Commercial multi-family | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	0	3,122
2020 / 2019	3,752	30,708
2019 / 2018	9,013	4,380
2018 / 2017	30,244	19,593
2017 / 2016	11,071	37,745
Prior Years	31,322	24,623
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	85,402	120,171
Commercial | Commercial multi-family | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	17,376
2019 / 2018	68,131	21,771
2018 / 2017	12,748	1,755
2017 / 2016	0	20,085
Prior Years	24,901	6,647
Revolving Loans Amortized Cost Basis	100	100
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	105,880	67,734
Commercial | Commercial multi-family | Pass
Financing Receivable, Recorded Investment
2021 / 2020	447,549	331,224
2020 / 2019	263,093	326,085
2019 / 2018	236,138	189,863
2018 / 2017	169,845	102,661
2017 / 2016	48,875	134,963
Prior Years	384,192	407,500
Revolving Loans Amortized Cost Basis	4,216	2,849
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,553,908	1,495,145
Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment
2021 / 2020	1,221,538	701,197
2020 / 2019	736,803	506,763
2019 / 2018	353,869	571,449
2018 / 2017	490,076	453,632
2017 / 2016	353,383	510,139
Prior Years	1,435,606	1,244,524
Revolving Loans Amortized Cost Basis	22,115	13,439
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	4,613,390	4,001,143
Commercial | CRE non-owner occupied | Watch
Financing Receivable, Recorded Investment
2021 / 2020	113,181	171,017
2020 / 2019	250,961	97,438
2019 / 2018	67,510	104,221
2018 / 2017	193,620	96,766
2017 / 2016	31,010	82,443
Prior Years	359,593	260,678
Revolving Loans Amortized Cost Basis	4,017	3,155
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,019,892	815,718
Commercial | CRE non-owner occupied | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	21,448	0
2020 / 2019	12,563	31,091
2019 / 2018	10,476	139,864
2018 / 2017	7,025	44,334
2017 / 2016	15,181	90,119
Prior Years	39,625	82,867
Revolving Loans Amortized Cost Basis	0	1,186
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	106,318	389,461
Commercial | CRE non-owner occupied | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	30,155	44,170
2020 / 2019	28,546	92,945
2019 / 2018	30,605	63,294
2018 / 2017	40,000	15,939
2017 / 2016	14,154	70,502
Prior Years	132,730	159,202
Revolving Loans Amortized Cost Basis	0	95
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	276,190	446,147
Commercial | CRE non-owner occupied | Pass
Financing Receivable, Recorded Investment
2021 / 2020	1,056,754	486,010
2020 / 2019	444,733	285,289
2019 / 2018	245,278	264,070
2018 / 2017	249,431	296,593
2017 / 2016	293,038	267,075
Prior Years	903,658	741,777
Revolving Loans Amortized Cost Basis	18,098	9,003
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	3,210,990	2,349,817
Commercial | CRE owner occupied
Financing Receivable, Recorded Investment
2021 / 2020	389,357	352,587
2020 / 2019	255,915	130,314
2019 / 2018	106,487	142,209
2018 / 2017	101,899	108,884
2017 / 2016	67,930	201,685
Prior Years	871,975	989,425
Revolving Loans Amortized Cost Basis	24,539	18,171
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,818,102	1,943,275
Commercial | CRE owner occupied | Watch
Financing Receivable, Recorded Investment
2021 / 2020	8,393	96,439
2020 / 2019	8,851	18,585
2019 / 2018	16,797	22,353
2018 / 2017	15,108	13,820
2017 / 2016	4,715	26,273
Prior Years	138,848	162,553
Revolving Loans Amortized Cost Basis	4,222	6,849
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	196,934	346,872
Commercial | CRE owner occupied | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	5,573	850
2020 / 2019	857	6,638
2019 / 2018	7,598	441
2018 / 2017	1,427	6,571
2017 / 2016	2,449	282
Prior Years	105,272	173,545
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	123,176	188,327
Commercial | CRE owner occupied | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	6,960	1,774
2020 / 2019	1,028	3,333
2019 / 2018	2,794	40,047
2018 / 2017	38,407	1,878
2017 / 2016	1,869	28,442
Prior Years	134,129	165,498
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	185,187	240,972
Commercial | CRE owner occupied | Doubtful
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	76	0
Prior Years	612	1,714
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	688	1,714
Commercial | CRE owner occupied | Pass
Financing Receivable, Recorded Investment
2021 / 2020	368,431	253,524
2020 / 2019	245,179	101,758
2019 / 2018	79,298	79,368
2018 / 2017	46,957	86,615
2017 / 2016	58,821	146,688
Prior Years	493,114	486,115
Revolving Loans Amortized Cost Basis	20,317	11,322
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,312,117	1,165,390
Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment
2021 / 2020	1,320,064	1,816,766
2020 / 2019	710,527	788,642
2019 / 2018	536,114	546,905
2018 / 2017	453,570	419,371
2017 / 2016	270,369	301,909
Prior Years	841,485	890,423
Revolving Loans Amortized Cost Basis	1,206,450	1,009,885
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	5,338,579	5,773,901
Commercial | Commercial and Industrial | Watch
Financing Receivable, Recorded Investment
2021 / 2020	190,276	147,682
2020 / 2019	17,209	79,794
2019 / 2018	25,828	182,806
2018 / 2017	113,108	43,939
2017 / 2016	14,582	65,164
Prior Years	92,306	276,344
Revolving Loans Amortized Cost Basis	112,108	247,307
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	565,417	1,043,036
Commercial | Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	9,884	42,366
2020 / 2019	17,139	10,297
2019 / 2018	15,526	19,220
2018 / 2017	28,954	47,495
2017 / 2016	1,071	5,717
Prior Years	28,663	33,263
Revolving Loans Amortized Cost Basis	68,574	87,900
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	169,811	246,258
Commercial | Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	2,727	34,970
2020 / 2019	1,188	8,748
2019 / 2018	7,600	26,921
2018 / 2017	36,321	26,769
2017 / 2016	66,939	1,824
Prior Years	47,058	61,200
Revolving Loans Amortized Cost Basis	38,162	51,430
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	199,995	211,862
Commercial | Commercial and Industrial | Doubtful
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	67
2019 / 2018	0	0
2018 / 2017	0	1
2017 / 2016	0	0
Prior Years	62	54
Revolving Loans Amortized Cost Basis	0	1
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	62	123
Commercial | Commercial and Industrial | Loss
Financing Receivable, Recorded Investment
2021 / 2020	262	0
2020 / 2019	58	0
2019 / 2018	108	0
2018 / 2017	17	0
2017 / 2016	51	0
Prior Years	191	0
Revolving Loans Amortized Cost Basis	0	13
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	687	13
Commercial | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment
2021 / 2020	1,116,915	1,591,748
2020 / 2019	674,933	689,736
2019 / 2018	487,052	317,958
2018 / 2017	275,170	301,167
2017 / 2016	187,726	229,204
Prior Years	673,205	519,562
Revolving Loans Amortized Cost Basis	987,606	623,234
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	4,402,607	4,272,609
Leasing
Financing Receivable, Recorded Investment
2021 / 2020	613,576	481,164
2020 / 2019	328,703	315,844
2019 / 2018	223,650	210,088
2018 / 2017	133,726	110,621
2017 / 2016	63,510	64,572
Prior Years	18,154	15,372
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,381,319	1,197,661
Leasing | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	124	200
2020 / 2019	618	822
2019 / 2018	880	748
2018 / 2017	613	913
2017 / 2016	613	617
Prior Years	235	136
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	3,083	3,436
Leasing | Loss
Financing Receivable, Recorded Investment
2021 / 2020	0
2020 / 2019	0
2019 / 2018	0
2018 / 2017	1
2017 / 2016	16
Prior Years	2
Revolving Loans Amortized Cost Basis	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Loans held in portfolio	19
Leasing | Pass
Financing Receivable, Recorded Investment
2021 / 2020	613,452	480,964
2020 / 2019	328,085	315,022
2019 / 2018	222,770	209,340
2018 / 2017	133,112	109,708
2017 / 2016	62,881	63,955
Prior Years	17,917	15,236
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,378,217	1,194,225
Consumer | Credit card
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	919,861	919,966
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	919,861	919,966
Consumer | Credit card | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	8,577	12,798
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	8,577	12,798
Consumer | Credit card | Pass
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	911,284	907,168
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	911,284	907,168
Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	14,636	12,715
Revolving Loans Amortized Cost Basis	41,838	43,005
Revolving Loans Converted to Term Loans Amortized Cost Basis	22,388	43,030
Loans held in portfolio	78,862	98,750
Consumer | Home equity lines of credit | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	3,006	112
Revolving Loans Amortized Cost Basis	23	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	935	357
Loans held in portfolio	3,964	469
Consumer | Home equity lines of credit | Loss
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	207	156
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,258	6,867
Loans held in portfolio	1,465	7,023
Consumer | Home equity lines of credit | Pass
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	11,423	12,447
Revolving Loans Amortized Cost Basis	41,815	43,005
Revolving Loans Converted to Term Loans Amortized Cost Basis	20,195	35,806
Loans held in portfolio	73,433	91,258
Consumer | Personal loans
Financing Receivable, Recorded Investment
2021 / 2020	615,670	365,080
2020 / 2019	217,756	529,162
2019 / 2018	273,036	197,804
2018 / 2017	99,698	110,499
2017 / 2016	57,385	60,169
Prior Years	141,555	164,846
Revolving Loans Amortized Cost Basis	126	2,490
Revolving Loans Converted to Term Loans Amortized Cost Basis	37,779	46,935
Loans held in portfolio	1,443,005	1,476,985
Consumer | Personal loans | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	498	1,371
2020 / 2019	691	5,566
2019 / 2018	2,355	1,906
2018 / 2017	939	1,096
2017 / 2016	953	989
Prior Years	15,843	18,653
Revolving Loans Amortized Cost Basis	2	152
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,385	1,545
Loans held in portfolio	22,666	31,278
Consumer | Personal loans | Loss
Financing Receivable, Recorded Investment
2021 / 2020	30	0
2020 / 2019	2	17
2019 / 2018	7	63
2018 / 2017	0	12
2017 / 2016	0	6
Prior Years	22	244
Revolving Loans Amortized Cost Basis	0	2
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	61	344
Consumer | Personal loans | Pass
Financing Receivable, Recorded Investment
2021 / 2020	615,142	363,709
2020 / 2019	217,063	523,579
2019 / 2018	270,674	195,835
2018 / 2017	98,759	109,391
2017 / 2016	56,432	59,174
Prior Years	125,690	145,949
Revolving Loans Amortized Cost Basis	124	2,336
Revolving Loans Converted to Term Loans Amortized Cost Basis	36,394	45,390
Loans held in portfolio	1,420,278	1,445,363
Consumer | Auto Loan
Financing Receivable, Recorded Investment
2021 / 2020	1,262,922	1,066,057
2020 / 2019	815,870	887,372
2019 / 2018	646,798	632,269
2018 / 2017	425,032	301,437
2017 / 2016	179,314	169,526
Prior Years	82,251	75,567
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	3,412,187	3,132,228
Consumer | Auto Loan | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	3,080	1,975
2020 / 2019	7,520	6,029
2019 / 2018	9,498	3,612
2018 / 2017	4,739	1,760
2017 / 2016	2,210	1,369
Prior Years	1,422	990
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	28,469	15,735
Consumer | Auto Loan | Loss
Financing Receivable, Recorded Investment
2021 / 2020	42
2020 / 2019	11
2019 / 2018	0
2018 / 2017	0
2017 / 2016	0
Prior Years	0
Revolving Loans Amortized Cost Basis	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Loans held in portfolio	53
Consumer | Auto Loan | Pass
Financing Receivable, Recorded Investment
2021 / 2020	1,259,800	1,064,082
2020 / 2019	808,339	881,343
2019 / 2018	637,300	628,657
2018 / 2017	420,293	299,677
2017 / 2016	177,104	168,157
Prior Years	80,829	74,577
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	3,383,665	3,116,493
Consumer | Other
Financing Receivable, Recorded Investment
2021 / 2020	24,845	16,912
2020 / 2019	9,895	15,714
2019 / 2018	9,369	14,534
2018 / 2017	6,676	5,206
2017 / 2016	3,914	3,002
Prior Years	1,116	16,860
Revolving Loans Amortized Cost Basis	73,391	56,180
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	129,206	128,408
Consumer | Other | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	114	16
2019 / 2018	21	1,376
2018 / 2017	487	240
2017 / 2016	0	174
Prior Years	135	13,075
Revolving Loans Amortized Cost Basis	11,250	20
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	12,007	14,901
Consumer | Other | Loss
Financing Receivable, Recorded Investment
2021 / 2020	0
2020 / 2019	0
2019 / 2018	0
2018 / 2017	579
2017 / 2016	0
Prior Years	34
Revolving Loans Amortized Cost Basis	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Loans held in portfolio	613
Consumer | Other | Pass
Financing Receivable, Recorded Investment
2021 / 2020	24,845	16,912
2020 / 2019	9,781	15,698
2019 / 2018	9,348	13,158
2018 / 2017	5,610	4,966
2017 / 2016	3,914	2,828
Prior Years	947	3,785
Revolving Loans Amortized Cost Basis	62,141	56,160
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	116,586	113,507
Puerto Rico
Financing Receivable, Recorded Investment
2021 / 2020	4,913,112	4,144,156
2020 / 2019	2,647,120	2,806,059
2019 / 2018	1,898,600	1,891,507
2018 / 2017	1,473,547	1,314,086
2017 / 2016	749,926	1,073,436
Prior Years	7,191,955	8,371,837
Revolving Loans Amortized Cost Basis	1,953,343	1,925,264
Revolving Loans Converted to Term Loans Amortized Cost Basis	37,779	46,935
Loans held in portfolio	20,865,382	21,573,280
Puerto Rico | Construction
Financing Receivable, Recorded Investment
2021 / 2020	21,596	15,723
2020 / 2019	41,622	22,513
2019 / 2018	1,633	8,318
2018 / 2017	0	85,079
2017 / 2016	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	22,260	25,473
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	87,111	157,106
Puerto Rico | Construction | Watch
Financing Receivable, Recorded Investment
2021 / 2020		0
2020 / 2019		105
2019 / 2018		4,895
2018 / 2017		0
2017 / 2016		0
Prior Years		0
Revolving Loans Amortized Cost Basis		960
Revolving Loans Converted to Term Loans Amortized Cost Basis		0
Loans held in portfolio		5,960
Puerto Rico | Construction | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	485	0
2018 / 2017	0	21,497
2017 / 2016	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	485	21,497
Puerto Rico | Construction | Pass
Financing Receivable, Recorded Investment
2021 / 2020	21,596	15,723
2020 / 2019	41,622	22,408
2019 / 2018	1,148	3,423
2018 / 2017	0	63,582
2017 / 2016	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	22,260	24,513
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	86,626	129,649
Puerto Rico | Mortgages
Financing Receivable, Recorded Investment
2021 / 2020	463,742	264,227
2020 / 2019	305,734	225,293
2019 / 2018	228,676	178,709
2018 / 2017	270,852	215,779
2017 / 2016	199,292	230,198
Prior Years	4,783,570	5,655,937
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	6,251,866	6,770,143
Puerto Rico | Mortgages | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	754
2020 / 2019	954	903
2019 / 2018	5,212	1,172
2018 / 2017	5,613	3,129
2017 / 2016	4,310	4,374
Prior Years	122,690	159,359
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	138,779	169,691
Puerto Rico | Mortgages | Pass
Financing Receivable, Recorded Investment
2021 / 2020	463,742	263,473
2020 / 2019	304,780	224,390
2019 / 2018	223,464	177,537
2018 / 2017	265,239	212,650
2017 / 2016	194,982	225,824
Prior Years	4,660,880	5,496,578
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	6,113,087	6,600,452
Puerto Rico | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment
2021 / 2020	24,936	5,216
2020 / 2019	21,288	36,433
2019 / 2018	35,822	26,051
2018 / 2017	25,311	2,106
2017 / 2016	2,066	2,563
Prior Years	45,235	79,811
Revolving Loans Amortized Cost Basis	111	100
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	154,769	152,280
Puerto Rico | Commercial | Commercial multi-family | Watch
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	4,485	460
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	4,485	460
Puerto Rico | Commercial | Commercial multi-family | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	3,025	4,160
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	3,025	4,160
Puerto Rico | Commercial | Commercial multi-family | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	982	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	6,257	400
Revolving Loans Amortized Cost Basis	100	100
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	7,339	500
Puerto Rico | Commercial | Commercial multi-family | Pass
Financing Receivable, Recorded Investment
2021 / 2020	24,936	5,216
2020 / 2019	21,288	36,433
2019 / 2018	34,840	26,051
2018 / 2017	25,311	2,106
2017 / 2016	2,066	2,563
Prior Years	31,468	74,791
Revolving Loans Amortized Cost Basis	11	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	139,920	147,160
Puerto Rico | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment
2021 / 2020	662,216	292,683
2020 / 2019	357,867	227,580
2019 / 2018	145,267	218,765
2018 / 2017	200,499	135,882
2017 / 2016	52,306	207,789
Prior Years	858,819	918,251
Revolving Loans Amortized Cost Basis	12,949	6,383
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	2,289,923	2,007,333
Puerto Rico | Commercial | CRE non-owner occupied | Watch
Financing Receivable, Recorded Investment
2021 / 2020	100,465	160,960
2020 / 2019	228,852	73,561
2019 / 2018	25,443	27,592
2018 / 2017	137,044	40,654
2017 / 2016	2,406	33,277
Prior Years	205,304	197,912
Revolving Loans Amortized Cost Basis	3,237	2,100
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	702,751	536,056
Puerto Rico | Commercial | CRE non-owner occupied | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	18,509	0
2020 / 2019	12,563	26,331
2019 / 2018	7,271	124,560
2018 / 2017	0	29,711
2017 / 2016	4,608	19,895
Prior Years	24,056	62,839
Revolving Loans Amortized Cost Basis	0	836
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	67,007	264,172
Puerto Rico | Commercial | CRE non-owner occupied | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	30,155	43,399
2020 / 2019	27,790	74,303
2019 / 2018	24,200	26,799
2018 / 2017	25,456	4,932
2017 / 2016	2,770	29,974
Prior Years	72,407	130,218
Revolving Loans Amortized Cost Basis	0	95
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	182,778	309,720
Puerto Rico | Commercial | CRE non-owner occupied | Pass
Financing Receivable, Recorded Investment
2021 / 2020	513,087	88,324
2020 / 2019	88,662	53,385
2019 / 2018	88,353	39,814
2018 / 2017	37,999	60,585
2017 / 2016	42,522	124,643
Prior Years	557,052	527,282
Revolving Loans Amortized Cost Basis	9,712	3,352
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,337,387	897,385
Puerto Rico | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment
2021 / 2020	259,459	303,510
2020 / 2019	208,939	73,412
2019 / 2018	63,159	84,264
2018 / 2017	67,026	76,063
2017 / 2016	40,018	165,352
Prior Years	768,739	882,806
Revolving Loans Amortized Cost Basis	16,389	13,488
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,423,729	1,598,895
Puerto Rico | Commercial | CRE owner occupied | Watch
Financing Receivable, Recorded Investment
2021 / 2020	8,393	96,046
2020 / 2019	8,612	10,319
2019 / 2018	8,972	14,412
2018 / 2017	6,958	9,760
2017 / 2016	3,039	9,584
Prior Years	121,716	146,445
Revolving Loans Amortized Cost Basis	0	2,627
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	157,690	289,193
Puerto Rico | Commercial | CRE owner occupied | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	5,573	850
2020 / 2019	857	6,638
2019 / 2018	7,598	249
2018 / 2017	1,427	6,571
2017 / 2016	2,449	282
Prior Years	103,472	172,078
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	121,376	186,668
Puerto Rico | Commercial | CRE owner occupied | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	6,960	1,774
2020 / 2019	1,028	2,181
2019 / 2018	1,646	37,686
2018 / 2017	35,529	1,878
2017 / 2016	1,869	27,094
Prior Years	113,288	145,193
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	160,320	215,806
Puerto Rico | Commercial | CRE owner occupied | Doubtful
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	76	0
Prior Years	612	1,714
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	688	1,714
Puerto Rico | Commercial | CRE owner occupied | Pass
Financing Receivable, Recorded Investment
2021 / 2020	238,533	204,840
2020 / 2019	198,442	54,274
2019 / 2018	44,943	31,917
2018 / 2017	23,112	57,854
2017 / 2016	32,585	128,392
Prior Years	429,651	417,376
Revolving Loans Amortized Cost Basis	16,389	10,861
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	983,655	905,514
Puerto Rico | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment
2021 / 2020	1,039,760	1,374,206
2020 / 2019	358,938	583,143
2019 / 2018	314,790	348,626
2018 / 2017	252,218	281,123
2017 / 2016	154,940	172,144
Prior Years	498,323	570,353
Revolving Loans Amortized Cost Basis	909,479	899,513
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	3,528,448	4,229,108
Puerto Rico | Commercial | Commercial and Industrial | Watch
Financing Receivable, Recorded Investment
2021 / 2020	186,529	131,556
2020 / 2019	12,542	77,821
2019 / 2018	21,536	182,776
2018 / 2017	103,835	40,318
2017 / 2016	14,577	63,968
Prior Years	90,776	267,856
Revolving Loans Amortized Cost Basis	108,183	243,335
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	537,978	1,007,630
Puerto Rico | Commercial | Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	7,380	28,310
2020 / 2019	9,936	10,297
2019 / 2018	14,856	19,220
2018 / 2017	28,473	45,861
2017 / 2016	1,012	910
Prior Years	28,448	28,507
Revolving Loans Amortized Cost Basis	60,397	86,263
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	150,502	219,368
Puerto Rico | Commercial | Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	2,190	32,941
2020 / 2019	1,091	2,180
2019 / 2018	3,041	26,921
2018 / 2017	35,826	26,769
2017 / 2016	66,771	1,824
Prior Years	45,168	55,220
Revolving Loans Amortized Cost Basis	38,003	49,036
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	192,090	194,891
Puerto Rico | Commercial | Commercial and Industrial | Doubtful
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	67
2019 / 2018	0	0
2018 / 2017	0	1
2017 / 2016	0	0
Prior Years	62	54
Revolving Loans Amortized Cost Basis	0	1
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	62	123
Puerto Rico | Commercial | Commercial and Industrial | Loss
Financing Receivable, Recorded Investment
2021 / 2020		0
2020 / 2019		0
2019 / 2018		0
2018 / 2017		0
2017 / 2016		0
Prior Years		0
Revolving Loans Amortized Cost Basis		13
Revolving Loans Converted to Term Loans Amortized Cost Basis		0
Loans held in portfolio		13
Puerto Rico | Commercial | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment
2021 / 2020	843,661	1,181,399
2020 / 2019	335,369	492,778
2019 / 2018	275,357	119,709
2018 / 2017	84,084	168,174
2017 / 2016	72,580	105,442
Prior Years	333,869	218,716
Revolving Loans Amortized Cost Basis	702,896	520,865
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	2,647,816	2,807,083
Puerto Rico | Leasing
Financing Receivable, Recorded Investment
2021 / 2020	613,576	481,164
2020 / 2019	328,703	315,844
2019 / 2018	223,650	210,088
2018 / 2017	133,726	110,621
2017 / 2016	63,510	64,572
Prior Years	18,154	15,372
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,381,319	1,197,661
Puerto Rico | Leasing | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	124	200
2020 / 2019	618	822
2019 / 2018	880	748
2018 / 2017	613	913
2017 / 2016	613	617
Prior Years	235	136
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	3,083	3,436
Puerto Rico | Leasing | Loss
Financing Receivable, Recorded Investment
2021 / 2020	0
2020 / 2019	0
2019 / 2018	0
2018 / 2017	1
2017 / 2016	16
Prior Years	2
Revolving Loans Amortized Cost Basis	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Loans held in portfolio	19
Puerto Rico | Leasing | Pass
Financing Receivable, Recorded Investment
2021 / 2020	613,452	480,964
2020 / 2019	328,085	315,022
2019 / 2018	222,770	209,340
2018 / 2017	133,112	109,708
2017 / 2016	62,881	63,955
Prior Years	17,917	15,236
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,378,217	1,194,225
Puerto Rico | Consumer | Credit card
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	919,851	919,935
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	919,851	919,935
Puerto Rico | Consumer | Credit card | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	8,577	12,798
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	8,577	12,798
Puerto Rico | Consumer | Credit card | Pass
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	911,274	907,137
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	911,274	907,137
Puerto Rico | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	0	540
Revolving Loans Amortized Cost Basis	3,571	3,639
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	3,571	4,179
Puerto Rico | Consumer | Home equity lines of credit | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0
2020 / 2019	0
2019 / 2018	0
2018 / 2017	0
2017 / 2016	0
Prior Years	0
Revolving Loans Amortized Cost Basis	23
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Loans held in portfolio	23
Puerto Rico | Consumer | Home equity lines of credit | Pass
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	0	540
Revolving Loans Amortized Cost Basis	3,548	3,639
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	3,548	4,179
Puerto Rico | Consumer | Personal loans
Financing Receivable, Recorded Investment
2021 / 2020	540,060	324,458
2020 / 2019	198,264	418,755
2019 / 2018	229,436	169,883
2018 / 2017	92,207	100,790
2017 / 2016	54,566	58,290
Prior Years	135,748	156,340
Revolving Loans Amortized Cost Basis	0	2,296
Revolving Loans Converted to Term Loans Amortized Cost Basis	37,779	46,935
Loans held in portfolio	1,288,060	1,277,747
Puerto Rico | Consumer | Personal loans | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	426	1,288
2020 / 2019	610	4,782
2019 / 2018	2,105	1,741
2018 / 2017	866	1,022
2017 / 2016	936	971
Prior Years	15,680	18,647
Revolving Loans Amortized Cost Basis	0	152
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,385	1,545
Loans held in portfolio	22,008	30,148
Puerto Rico | Consumer | Personal loans | Loss
Financing Receivable, Recorded Investment
2021 / 2020	30
2020 / 2019	2
2019 / 2018	3
2018 / 2017	0
2017 / 2016	0
Prior Years	3
Revolving Loans Amortized Cost Basis	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Loans held in portfolio	38
Puerto Rico | Consumer | Personal loans | Pass
Financing Receivable, Recorded Investment
2021 / 2020	539,604	323,170
2020 / 2019	197,652	413,973
2019 / 2018	227,328	168,142
2018 / 2017	91,341	99,768
2017 / 2016	53,630	57,319
Prior Years	120,065	137,693
Revolving Loans Amortized Cost Basis	0	2,144
Revolving Loans Converted to Term Loans Amortized Cost Basis	36,394	45,390
Loans held in portfolio	1,266,014	1,247,599
Puerto Rico | Consumer | Auto Loan
Financing Receivable, Recorded Investment
2021 / 2020	1,262,922	1,066,057
2020 / 2019	815,870	887,372
2019 / 2018	646,798	632,269
2018 / 2017	425,032	301,437
2017 / 2016	179,314	169,526
Prior Years	82,251	75,567
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	3,412,187	3,132,228
Puerto Rico | Consumer | Auto Loan | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	3,080	1,975
2020 / 2019	7,520	6,029
2019 / 2018	9,498	3,612
2018 / 2017	4,739	1,760
2017 / 2016	2,210	1,369
Prior Years	1,422	990
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	28,469	15,735
Puerto Rico | Consumer | Auto Loan | Loss
Financing Receivable, Recorded Investment
2021 / 2020	42
2020 / 2019	11
2019 / 2018	0
2018 / 2017	0
2017 / 2016	0
Prior Years	0
Revolving Loans Amortized Cost Basis	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Loans held in portfolio	53
Puerto Rico | Consumer | Auto Loan | Pass
Financing Receivable, Recorded Investment
2021 / 2020	1,259,800	1,064,082
2020 / 2019	808,339	881,343
2019 / 2018	637,300	628,657
2018 / 2017	420,293	299,677
2017 / 2016	177,104	168,157
Prior Years	80,829	74,577
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	3,383,665	3,116,493
Puerto Rico | Consumer | Other
Financing Receivable, Recorded Investment
2021 / 2020	24,845	16,912
2020 / 2019	9,895	15,714
2019 / 2018	9,369	14,534
2018 / 2017	6,676	5,206
2017 / 2016	3,914	3,002
Prior Years	1,116	16,860
Revolving Loans Amortized Cost Basis	68,733	54,437
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	124,548	126,665
Puerto Rico | Consumer | Other | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	114	16
2019 / 2018	21	1,376
2018 / 2017	487	240
2017 / 2016	0	174
Prior Years	135	13,075
Revolving Loans Amortized Cost Basis	11,250	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	12,007	14,881
Puerto Rico | Consumer | Other | Loss
Financing Receivable, Recorded Investment
2021 / 2020	0
2020 / 2019	0
2019 / 2018	0
2018 / 2017	579
2017 / 2016	0
Prior Years	34
Revolving Loans Amortized Cost Basis	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Loans held in portfolio	613
Puerto Rico | Consumer | Other | Pass
Financing Receivable, Recorded Investment
2021 / 2020	24,845	16,912
2020 / 2019	9,781	15,698
2019 / 2018	9,348	13,158
2018 / 2017	5,610	4,966
2017 / 2016	3,914	2,828
Prior Years	947	3,785
Revolving Loans Amortized Cost Basis	57,483	54,437
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	111,928	111,784
Popular U.S.
Financing Receivable, Recorded Investment
2021 / 2020	1,933,575	1,716,354
2020 / 2019	1,504,793	1,570,668
2019 / 2018	1,258,160	1,160,219
2018 / 2017	862,283	818,771
2017 / 2016	629,989	739,356
Prior Years	1,802,434	1,597,224
Revolving Loans Amortized Cost Basis	361,553	166,294
Revolving Loans Converted to Term Loans Amortized Cost Basis	22,388	43,030
Loans held in portfolio	8,375,175	7,811,916
Popular U.S. | Construction
Financing Receivable, Recorded Investment
2021 / 2020	130,587	87,940
2020 / 2019	150,345	288,865
2019 / 2018	188,652	189,066
2018 / 2017	57,829	149,290
2017 / 2016	80,936	15,952
Prior Years	20,760	37,989
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	629,109	769,102
Popular U.S. | Construction | Watch
Financing Receivable, Recorded Investment
2021 / 2020	0	8,451
2020 / 2019	14,300	0
2019 / 2018	23,547	0
2018 / 2017	28,757	37,015
2017 / 2016	34,205	0
Prior Years	0	2,065
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	100,809	47,531
Popular U.S. | Construction | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	3,089
2017 / 2016	0	0
Prior Years	13,622	30,083
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	13,622	33,172
Popular U.S. | Construction | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	20,655
2018 / 2017	15,438	9,372
2017 / 2016	10,231	7,560
Prior Years	0	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	25,669	37,587
Popular U.S. | Construction | Pass
Financing Receivable, Recorded Investment
2021 / 2020	130,587	79,489
2020 / 2019	136,045	288,865
2019 / 2018	165,105	168,411
2018 / 2017	13,634	99,814
2017 / 2016	36,500	8,392
Prior Years	7,138	5,841
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	489,009	650,812
Popular U.S. | Mortgages
Financing Receivable, Recorded Investment
2021 / 2020	326,641	356,868
2020 / 2019	270,550	275,289
2019 / 2018	218,965	104,381
2018 / 2017	62,953	9,337
2017 / 2016	6,593	9,858
Prior Years	289,628	364,804
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,175,330	1,120,537
Popular U.S. | Mortgages | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	29
2020 / 2019	4,338	0
2019 / 2018	3,894	1,221
2018 / 2017	967	0
2017 / 2016	217	328
Prior Years	12,680	13,287
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	22,096	14,865
Popular U.S. | Mortgages | Pass
Financing Receivable, Recorded Investment
2021 / 2020	326,641	356,839
2020 / 2019	266,212	275,289
2019 / 2018	215,071	103,160
2018 / 2017	61,986	9,337
2017 / 2016	6,376	9,530
Prior Years	276,948	351,517
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,153,234	1,105,672
Popular U.S. | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment
2021 / 2020	431,213	330,773
2020 / 2019	286,905	354,523
2019 / 2018	333,689	229,943
2018 / 2017	208,208	161,616
2017 / 2016	95,223	243,219
Prior Years	448,418	420,788
Revolving Loans Amortized Cost Basis	4,205	2,849
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,807,861	1,743,711
Popular U.S. | Commercial | Commercial multi-family | Watch
Financing Receivable, Recorded Investment
2021 / 2020	8,600	1,643
2020 / 2019	41,348	16,787
2019 / 2018	56,229	39,980
2018 / 2017	20,682	39,713
2017 / 2016	37,343	52,989
Prior Years	48,753	61,369
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	212,955	212,481
Popular U.S. | Commercial | Commercial multi-family | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	0	3,122
2020 / 2019	3,752	30,708
2019 / 2018	9,013	4,380
2018 / 2017	30,244	19,593
2017 / 2016	11,071	37,745
Prior Years	28,297	20,463
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	82,377	116,011
Popular U.S. | Commercial | Commercial multi-family | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	17,376
2019 / 2018	67,149	21,771
2018 / 2017	12,748	1,755
2017 / 2016	0	20,085
Prior Years	18,644	6,247
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	98,541	67,234
Popular U.S. | Commercial | Commercial multi-family | Pass
Financing Receivable, Recorded Investment
2021 / 2020	422,613	326,008
2020 / 2019	241,805	289,652
2019 / 2018	201,298	163,812
2018 / 2017	144,534	100,555
2017 / 2016	46,809	132,400
Prior Years	352,724	332,709
Revolving Loans Amortized Cost Basis	4,205	2,849
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,413,988	1,347,985
Popular U.S. | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment
2021 / 2020	559,322	408,514
2020 / 2019	378,936	279,183
2019 / 2018	208,602	352,684
2018 / 2017	289,577	317,750
2017 / 2016	301,077	302,350
Prior Years	576,787	326,273
Revolving Loans Amortized Cost Basis	9,166	7,056
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	2,323,467	1,993,810
Popular U.S. | Commercial | CRE non-owner occupied | Watch
Financing Receivable, Recorded Investment
2021 / 2020	12,716	10,057
2020 / 2019	22,109	23,877
2019 / 2018	42,067	76,629
2018 / 2017	56,576	56,112
2017 / 2016	28,604	49,166
Prior Years	154,289	62,766
Revolving Loans Amortized Cost Basis	780	1,055
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	317,141	279,662
Popular U.S. | Commercial | CRE non-owner occupied | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	2,939	0
2020 / 2019	0	4,760
2019 / 2018	3,205	15,304
2018 / 2017	7,025	14,623
2017 / 2016	10,573	70,224
Prior Years	15,569	20,028
Revolving Loans Amortized Cost Basis	0	350
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	39,311	125,289
Popular U.S. | Commercial | CRE non-owner occupied | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	771
2020 / 2019	756	18,642
2019 / 2018	6,405	36,495
2018 / 2017	14,544	11,007
2017 / 2016	11,384	40,528
Prior Years	60,323	28,984
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	93,412	136,427
Popular U.S. | Commercial | CRE non-owner occupied | Pass
Financing Receivable, Recorded Investment
2021 / 2020	543,667	397,686
2020 / 2019	356,071	231,904
2019 / 2018	156,925	224,256
2018 / 2017	211,432	236,008
2017 / 2016	250,516	142,432
Prior Years	346,606	214,495
Revolving Loans Amortized Cost Basis	8,386	5,651
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,873,603	1,452,432
Popular U.S. | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment
2021 / 2020	129,898	49,077
2020 / 2019	46,976	56,902
2019 / 2018	43,328	57,945
2018 / 2017	34,873	32,821
2017 / 2016	27,912	36,333
Prior Years	103,236	106,619
Revolving Loans Amortized Cost Basis	8,150	4,683
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	394,373	344,380
Popular U.S. | Commercial | CRE owner occupied | Watch
Financing Receivable, Recorded Investment
2021 / 2020	0	393
2020 / 2019	239	8,266
2019 / 2018	7,825	7,941
2018 / 2017	8,150	4,060
2017 / 2016	1,676	16,689
Prior Years	17,132	16,108
Revolving Loans Amortized Cost Basis	4,222	4,222
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	39,244	57,679
Popular U.S. | Commercial | CRE owner occupied | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	192
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	1,800	1,467
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,800	1,659
Popular U.S. | Commercial | CRE owner occupied | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	1,152
2019 / 2018	1,148	2,361
2018 / 2017	2,878	0
2017 / 2016	0	1,348
Prior Years	20,841	20,305
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	24,867	25,166
Popular U.S. | Commercial | CRE owner occupied | Pass
Financing Receivable, Recorded Investment
2021 / 2020	129,898	48,684
2020 / 2019	46,737	47,484
2019 / 2018	34,355	47,451
2018 / 2017	23,845	28,761
2017 / 2016	26,236	18,296
Prior Years	63,463	68,739
Revolving Loans Amortized Cost Basis	3,928	461
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	328,462	259,876
Popular U.S. | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment
2021 / 2020	280,304	442,560
2020 / 2019	351,589	205,499
2019 / 2018	221,324	198,279
2018 / 2017	201,352	138,248
2017 / 2016	115,429	129,765
Prior Years	343,162	320,070
Revolving Loans Amortized Cost Basis	296,971	110,372
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,810,131	1,544,793
Popular U.S. | Commercial | Commercial and Industrial | Watch
Financing Receivable, Recorded Investment
2021 / 2020	3,747	16,126
2020 / 2019	4,667	1,973
2019 / 2018	4,292	30
2018 / 2017	9,273	3,621
2017 / 2016	5	1,196
Prior Years	1,530	8,488
Revolving Loans Amortized Cost Basis	3,925	3,972
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	27,439	35,406
Popular U.S. | Commercial | Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment
2021 / 2020	2,504	14,056
2020 / 2019	7,203	0
2019 / 2018	670	0
2018 / 2017	481	1,634
2017 / 2016	59	4,807
Prior Years	215	4,756
Revolving Loans Amortized Cost Basis	8,177	1,637
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	19,309	26,890
Popular U.S. | Commercial | Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	537	2,029
2020 / 2019	97	6,568
2019 / 2018	4,559	0
2018 / 2017	495	0
2017 / 2016	168	0
Prior Years	1,890	5,980
Revolving Loans Amortized Cost Basis	159	2,394
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	7,905	16,971
Popular U.S. | Commercial | Commercial and Industrial | Loss
Financing Receivable, Recorded Investment
2021 / 2020	262
2020 / 2019	58
2019 / 2018	108
2018 / 2017	17
2017 / 2016	51
Prior Years	191
Revolving Loans Amortized Cost Basis	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Loans held in portfolio	687
Popular U.S. | Commercial | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment
2021 / 2020	273,254	410,349
2020 / 2019	339,564	196,958
2019 / 2018	211,695	198,249
2018 / 2017	191,086	132,993
2017 / 2016	115,146	123,762
Prior Years	339,336	300,846
Revolving Loans Amortized Cost Basis	284,710	102,369
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	1,754,791	1,465,526
Popular U.S. | Consumer | Credit card
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	10	31
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	10	31
Popular U.S. | Consumer | Credit card | Pass
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	10	31
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	10	31
Popular U.S. | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	14,636	12,175
Revolving Loans Amortized Cost Basis	38,267	39,366
Revolving Loans Converted to Term Loans Amortized Cost Basis	22,388	43,030
Loans held in portfolio	75,291	94,571
Popular U.S. | Consumer | Home equity lines of credit | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	3,006	112
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	935	357
Loans held in portfolio	3,941	469
Popular U.S. | Consumer | Home equity lines of credit | Loss
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	207	156
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,258	6,867
Loans held in portfolio	1,465	7,023
Popular U.S. | Consumer | Home equity lines of credit | Pass
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	11,423	11,907
Revolving Loans Amortized Cost Basis	38,267	39,366
Revolving Loans Converted to Term Loans Amortized Cost Basis	20,195	35,806
Loans held in portfolio	69,885	87,079
Popular U.S. | Consumer | Personal loans
Financing Receivable, Recorded Investment
2021 / 2020	75,610	40,622
2020 / 2019	19,492	110,407
2019 / 2018	43,600	27,921
2018 / 2017	7,491	9,709
2017 / 2016	2,819	1,879
Prior Years	5,807	8,506
Revolving Loans Amortized Cost Basis	126	194
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	154,945	199,238
Popular U.S. | Consumer | Personal loans | Substandard
Financing Receivable, Recorded Investment
2021 / 2020	72	83
2020 / 2019	81	784
2019 / 2018	250	165
2018 / 2017	73	74
2017 / 2016	17	18
Prior Years	163	6
Revolving Loans Amortized Cost Basis	2	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	658	1,130
Popular U.S. | Consumer | Personal loans | Loss
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	17
2019 / 2018	4	63
2018 / 2017	0	12
2017 / 2016	0	6
Prior Years	19	244
Revolving Loans Amortized Cost Basis	0	2
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	23	344
Popular U.S. | Consumer | Personal loans | Pass
Financing Receivable, Recorded Investment
2021 / 2020	75,538	40,539
2020 / 2019	19,411	109,606
2019 / 2018	43,346	27,693
2018 / 2017	7,418	9,623
2017 / 2016	2,802	1,855
Prior Years	5,625	8,256
Revolving Loans Amortized Cost Basis	124	192
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	154,264	197,764
Popular U.S. | Consumer | Other
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	4,658	1,743
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	4,658	1,743
Popular U.S. | Consumer | Other | Substandard
Financing Receivable, Recorded Investment
2021 / 2020		0
2020 / 2019		0
2019 / 2018		0
2018 / 2017		0
2017 / 2016		0
Prior Years		0
Revolving Loans Amortized Cost Basis		20
Revolving Loans Converted to Term Loans Amortized Cost Basis		0
Loans held in portfolio		20
Popular U.S. | Consumer | Other | Pass
Financing Receivable, Recorded Investment
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
2017 / 2016	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	4,658	1,723
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Loans held in portfolio	$ 4,658	$ 1,723

Allowance for credit losses -_6

Allowance for credit losses - Allowance for loan losses - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)loans	Dec. 31, 2020USD ($)loans
Financing Receivable
Troubled debt restructurings	$ 1,656,822	$ 1,668,368
Accruing
Financing Receivable
Troubled debt restructurings	1,468,966	1,394,538
Commercial Loans
Financing Receivable
Outstanding commitments to lend additional funds to debtors owing receivables whose terms have been modified in troubled debt restructurings	9,000	14,000
Note A / B Split
Financing Receivable
Troubled debt restructurings	10,200	32,900
Aggregated unpaid principal balance	$ 10,200	35,100
Loans restructuring charge offs		$ 300
Number of loans | loans	5	10
Note A / B Split | Discounted payoff
Financing Receivable
Aggregated unpaid principal balance		$ 1,700
Number of loans | loans		1
Commercial
Financing Receivable
Troubled debt restructurings	$ 326,088	$ 362,797
Commercial | Accruing
Financing Receivable
Troubled debt restructurings	$ 261,344	$ 259,246

Mortgage banking activities (De

Mortgage banking activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Mortgage servicing rights fair value adjustments	$ (10,206)	$ (42,055)	$ (27,771)
Net gain on sale of loans, including valuation adjustments on loans held-for-sale	(73)	1,234	0
Total trading account (loss) profit	(389)	1,033	994
Mortgage banking activities	50,133	10,401	32,093
Mortgage banking activities
Mortgage servicing fees	38,105	43,234	46,952
Mortgage servicing rights fair value adjustments	(10,206)	(42,055)	(27,430)
Total mortgage servicing fees, net of fair value adjustments	27,899	1,179	19,522
Net gain on sale of loans, including valuation adjustments on loans held-for-sale	21,684	31,215	18,817
Realized profit (losses) on closed derivative positions	1,323	(10,586)	(6,246)
Total trading account (loss) profit	1,323	(10,586)	(6,246)
Loss on repurchased loans, including interest advances	(773)	(11,407)	0
Mortgage banking activities	$ 50,133	$ 10,401	$ 32,093

Mortgage banking activities -su

Mortgage banking activities -subnote (Details) - GNMA - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2020
Mortgage banking
Loss for previously advanced interest on delinquent loans	$ (10.5)
Bulk loan repurchase
Mortgage banking
Repurchased loans	$ 687.9	$ 688

Transfers of financial assets_3

Transfers of financial assets and servicing assets - Initial fair value of assets obtained as proceeds from residential mortgage loans securitized (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	$ 743,847	$ 515,307
GNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	380,000	332,000
FNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	330,000	176,000
FHLMC
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	23,000
Trading account debt securities
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	732,533	508,071
Trading account debt securities | GNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	380,228	332,207
Trading account debt securities | FNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	329,617	175,864
Trading account debt securities | FHLMC
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	22,688
Mortgage Servicing Rights
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	11,314	7,236
Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Level 1 | Trading account debt securities
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Level 1 | Trading account debt securities | GNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Level 1 | Trading account debt securities | FNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Level 1 | Trading account debt securities | FHLMC
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0
Level 1 | Mortgage Servicing Rights
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	732,533	508,071
Level 2 | Trading account debt securities
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	732,533	508,071
Level 2 | Trading account debt securities | GNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	380,228	332,207
Level 2 | Trading account debt securities | FNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	329,617	175,864
Level 2 | Trading account debt securities | FHLMC
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	22,688
Level 2 | Mortgage Servicing Rights
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	11,314	7,236
Level 3 | Trading account debt securities
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Level 3 | Trading account debt securities | GNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Level 3 | Trading account debt securities | FNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Level 3 | Trading account debt securities | FHLMC
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0
Level 3 | Mortgage Servicing Rights
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	$ 11,314	$ 7,236

Transfers of financial assets_4

Transfers of financial assets and servicing assets - Changes in MSRs measured using the fair value method (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Transfers and Servicing of Financial Assets
Fair value at beginning of period	$ 118,395	$ 150,906
Additions	13,391	9,544
Changes due to payments of loans	(15,383)	(11,692)
Reduction due to loan repurchases	(1,233)	(11,060)
Changes in fair value due to changes in valuation model inputs or assumptions	6,410	(19,327)
Other disposals	(10)	24
Fair value at end of period	$ 121,570	$ 118,395

Transfers of financial assets_5

Transfers of financial assets and servicing assets - Changes in MSRs measured using the fair value method - Parenthetical (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Servicing Assets at Fair Value
Servicing asset at fair value amount	$ 121,570	$ 118,395	$ 150,906
PB
Servicing Assets at Fair Value
Servicing asset at fair value amount	$ 1,600	$ 700

Transfers of financial assets_6

Transfers of financial assets and servicing assets - Key economic assumptions used (Details) - Residential Mortgage	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
BPPR
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement
Prepayment speed	6.80%	7.60%
Weighted average life	8 years 3 months 18 days	8 years 8 months 12 days
Discount rate (annual rate)	10.50%	10.90%
PB
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement
Prepayment speed	19.00%	21.90%
Weighted average life	20 years 10 months 24 days	3 years 7 months 6 days
Discount rate (annual rate)	10.70%	10.50%

Transfers of financial assets_7

Transfers of financial assets and servicing assets - Fair value of purchased and originated MSRs, valuation assumptions and sensitivity (Details) - Residential Mortgage - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Originated MSRs
Transfers of financial assets
Fair value of servicing rights	$ 40,058	$ 44,129
Weighted average life	7 years 1 month 6 days	6 years 2 months 12 days
Prepayment speed	7.70%	6.60%
Impact on fair value of 10% adverse change	$ (1,500)	$ (1,115)
Impact on fair value of 20% adverse change	$ (2,359)	$ (2,194)
Discount rate	11.20%	11.30%
Impact on fair value of 10% adverse change	$ (2,079)	$ (1,640)
Impact on fair value of 20% adverse change	(3,452)	(3,175)
Purchased MSRs
Transfers of financial assets
Fair value of servicing rights	$ 81,512	$ 74,266
Weighted average life	7 years 6 months	5 years 10 months 24 days
Prepayment speed	7.60%	7.10%
Impact on fair value of 10% adverse change	$ (1,486)	$ (2,206)
Impact on fair value of 20% adverse change	$ (3,495)	$ (4,312)
Discount rate	11.00%	11.10%
Impact on fair value of 10% adverse change	$ (2,731)	$ (2,740)
Impact on fair value of 20% adverse change	$ (5,832)	$ (5,301)

Transfers of financial assets_8

Transfers of financial assets and servicing assets - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Servicing rights on whole loan sales, principal balance	$ 144,000,000	$ 147,000,000
Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale	$ 3,200,000	$ 3,900,000
Weighted average mortgage servicing fees	0.30%	0.31%
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Liabilities Incurred	$ 0	$ 0
Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transfer or Servicing Assets Or Liabilities Description Of Objectives Methodology And Limitations	The sensitivity analyses presented in the table above for servicing rights are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10 and 20 percent variation in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in the sensitivity tables included herein, the effect of a variation in a particular assumption on the fair value of the retained interest is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments and increased credit losses), which might magnify or counteract the sensitivities.
Mortgage loans related to buy-back option program	$ 29,506,225,000	29,588,430,000
Buy Back Option Program
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Repurchased loans	94,000,000	862,000,000
Mortgage loans related to buy-back option program	13,000,000	57,000,000
Loans with recourse
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Loans serviced	700,000,000	900,000,000
Principal amount 60 days or more past due	26,000,000	52,000,000
Residential Mortgage
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale	18,400,000	27,300,000
Mortgage loans related to buy-back option program	1,600,000,000	1,800,000,000
Serviced mortgage loans
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Loans serviced	12,100,000,000	12,900,000,000
Serviced mortgage loans | Loans with recourse
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items]
Repurchased loans	$ 19,000,000	$ 161,000,000

Premises and equipment (Detail)

Premises and equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment
Property, Plant and Equipment, Gross	$ 929,891	$ 949,434
Less - Accumulated depreciation and amortization	559,234	574,835
Subtotal	370,657	374,599
Construction in progress	29,337	25,862
Premises and equipment, net	494,240	510,241
Land
Property, Plant and Equipment
Property, Plant and Equipment, Gross	94,246	109,780
Building
Property, Plant and Equipment
Property, Plant and Equipment, Gross	$ 468,293	512,131
Building | Maximum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life	50 years
Building | Minimum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life	10 years
Equipment
Property, Plant and Equipment
Property, Plant and Equipment, Gross	$ 374,192	350,014
Equipment | Maximum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life	10 years
Equipment | Minimum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life	2 years
Leasehold improvements
Property, Plant and Equipment
Property, Plant and Equipment, Gross	$ 87,406	$ 87,289
Leasehold improvements | Maximum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life	10 years
Leasehold improvements | Minimum
Property, Plant and Equipment
Property, Plant and Equipment, Useful Life	3 years

Premises and equipment - Additi

Premises and equipment - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Premises And Equipmen Additional Information [Abstract]
Depreciation, Depletion and Amortization	$ 55.1	$ 58.4	$ 58.1
Occupancy Expense	25.2	27.2	27.3
Equipment Communications And Other Operating Expenses	29.8	31.2	30.8
Rental Income	$ 13.4	$ 15.5	$ 19.3

Other Real Estate Owned (Detail

Other Real Estate Owned (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Real Estate Owned Rollforward
Balance at beginning of the period	$ 83,146	$ 122,072	$ 136,705
Write-downs in value	(3,219)	(4,624)	(6,125)
Additions	65,644	20,008	69,431
Sales	(59,948)	(54,156)	(77,029)
Other adjustments	(546)	(154)	(910)
Ending balance	85,077	83,146	122,072
Mortgages
Other Real Estate Owned Rollforward
Balance at beginning of the period	69,932	105,113	114,911
Write-downs in value	(2,161)	(3,060)	(4,541)
Additions	55,898	17,785	62,630
Sales	(52,666)	(49,797)	(67,137)
Other adjustments	(943)	(109)	(750)
Ending balance	70,060	69,932	105,113
Commercial / Construction
Other Real Estate Owned Rollforward
Balance at beginning of the period	13,214	16,959	21,794
Write-downs in value	(1,058)	(1,564)	(1,584)
Additions	9,746	2,223	6,801
Sales	(7,282)	(4,359)	(9,892)
Other adjustments	397	(45)	(160)
Ending balance	$ 15,017	$ 13,214	$ 16,959

Other assets (Details)

Other assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred Costs Capitalized Prepaid And Other Assets Disclosure Abstract
Net deferred tax assets (net of valuation allowance)	$ 657,597	$ 851,592
Investments under the equity method	298,988	250,467
Prepaid taxes	37,924	32,615
Other prepaid expenses	79,845	74,572
Derivative assets	26,093	20,785
Trades receivables from brokers and counterparties	65,460	65,429
Principal, interest and escrow servicing advances	53,942	65,671
Guaranteed mortgage loan claims receivable	98,001	80,477
Operating ROU assets	$ 141,748	$ 131,921
Operating Lease Right Of Use Asset Statement Of Financial Position Line Item	Total other assets	Total other assets
Finance ROU assets	$ 13,459	$ 15,464
Finance Lease Right Of Use Asset Statement Of Financial Position Line Item	Total other assets	Total other assets
Others	$ 155,514	$ 148,048
Total other assets	$ 1,628,571	$ 1,737,041

Other assets - Narratives (Deta

Other assets - Narratives (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Deferred Costs Capitalized Prepaid And Other Assets Disclosure Abstract
Hosting arrangement service contract implementation cost capitalized	$ 18.4	$ 17.4
Hosting arrangement service contract accumulated amortization	8.8	4.9
Hosting arrangement service contract, net value	9.6	12.5
Hosting arrangement service amortization expense	$ 3.9	$ 2.2

Goodwill and Intangible Assets

Goodwill and Intangible Assets - Change in carrying amount of goodwill (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)
Goodwill [Rollforward]
Beginning Balance	$ 671,122
Goodwill on acquisition	49,171
Ending Balance	720,293
Banco Popular de Puerto Rico
Goodwill [Rollforward]
Beginning Balance	320,248
Goodwill on acquisition	0
Ending Balance	320,248
Popular U.S.
Goodwill [Rollforward]
Beginning Balance	350,874
Goodwill on acquisition	49,171
Ending Balance	$ 400,045

Goodwill and other intangible_3

Goodwill and other intangible assets - Components of other intangible assets subject to amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets
Gross amount	$ 27,096	$ 39,695
Finite Lived Intangible Assets Accumulated Amortization	11,637	23,393
Finite-Lived Intangible Assets, Net	15,459	16,302
Core deposits
Finite-Lived Intangible Assets
Core deposits - Gross	12,810	12,810
Finite Lived Intangible Assets Accumulated Amortization	8,754	7,473
Finite-Lived Intangible Assets, Net	4,056	5,337
Other customer relationship
Finite-Lived Intangible Assets
Customer relationships - Gross	14,286	26,397
Finite Lived Intangible Assets Accumulated Amortization	2,883	15,684
Finite-Lived Intangible Assets, Net	$ 11,403	10,713
Trademarks
Finite-Lived Intangible Assets
Gross amount		488
Finite Lived Intangible Assets Accumulated Amortization		236
Finite-Lived Intangible Assets, Net		$ 252

Goodwill and other intangible_4

Goodwill and other intangible assets - Estimated amortization of the intangible assets with definite useful lives (Details) $ in Thousands	Dec. 31, 2021USD ($)
Goodwill and Intangible Assets Disclosure
Year 2022	$ 3,299
Year 2023	3,179
Year 2024	2,938
Year 2025	1,750
Year 2026	1,416
Later years	$ 2,877

Goodwill and other intangible_5

Goodwill and other intangible assets - Gross amount of goodwill and accumulated impairment losses (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Goodwill
Goodwill Gross	$ 888,505	$ 839,334
Goodwill Impaired Accumulated Impairment Loss	168,212	168,212
Goodwill (net amounts)	720,293	671,122
Banco Popular de Puerto Rico
Goodwill
Goodwill Gross	324,049	324,049
Goodwill Impaired Accumulated Impairment Loss	3,801	3,801
Goodwill (net amounts)	320,248	320,248
Popular U.S.
Goodwill
Goodwill Gross	564,456	515,285
Goodwill Impaired Accumulated Impairment Loss	164,411	164,411
Goodwill (net amounts)	$ 400,045	$ 350,874

Goodwill and other intangible_6

Goodwill and other intangible assets - Additional Information (Details) - USD ($)	3 Months Ended		7 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Jul. 31, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Oct. 15, 2021	Jul. 31, 2020
Goodwill and other intangible assets
Amortization Of Intangible Assets				$ 9,134,000	$ 6,397,000	$ 9,370,000
Goodwill on acquisition				$ 49,171,000
Changes in the carrying amount of goodwill	$ 0	$ 0			0
Goodwill impairment charge			$ 0
K2 Capital Group LLC
Goodwill and other intangible assets
Identifiable intangible assets							$ 2,887,000
Discounted cash flow approach | Minimum
Goodwill and other intangible assets
Cost of equity discount rate	11.34%			11.34%
Discounted cash flow approach | Maximum
Goodwill and other intangible assets
Cost of equity discount rate	15.13%			15.13%
Trademarks | E-Loan
Goodwill and other intangible assets
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)				$ 5,400,000
Identifiable intangible assets	$ 700,000	6,100,000		700,000	6,100,000
Customer relationship
Goodwill and other intangible assets
Finite-Lived Customer Relationships, Gross	14,286,000	$ 26,397,000		14,286,000	$ 26,397,000
Customer relationship | Credit card portfolio acquisition
Goodwill and other intangible assets
Amortization Of Intangible Assets				15,000,000
Finite-Lived Customer Relationships, Gross	$ 14,200,000			14,200,000
Banco Popular de Puerto Rico
Goodwill and other intangible assets
Step 1 Fair Value Excess Over Carrying Amount			$ 1,500,000,000					$ 282,000,000
Percentage excess of fair value of reporting unit over equity value			50.00%					9.00%
Goodwill on acquisition				0
Popular U.S.
Goodwill and other intangible assets
Step 1 Fair Value Excess Over Carrying Amount			$ 412,000,000					$ 215,000,000
Percentage excess of fair value of reporting unit over equity value			24.00%					13.00%
Goodwill on acquisition				49,171,000
Popular U.S. | K2 Capital Group LLC
Goodwill and other intangible assets
Goodwill on acquisition				$ 49,000,000
Banco Popular de Puerto Rico and Popular Bank
Goodwill and other intangible assets
Percentage Of Goodwill			91.00%

Deposits - Total interest beari

Deposits - Total interest bearing deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits [Abstract]
Savings accounts	$ 15,871,998	$ 14,031,736
NOW, money market and other interest bearing demand deposits	28,736,459	22,398,057
Total savings, NOW, money market and other interest bearing demand deposits	44,608,457	36,429,793
Certificates of deposit:
Under $250,000	4,086,059	4,524,794
$250,000 and over	2,626,090	2,783,054
Total certificates of deposit	6,712,149	7,307,848
Total interest bearing deposits	$ 51,320,606	$ 43,737,641

Deposits - Summary of certifica

Deposits - Summary of certificates of deposit by maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits [Abstract]
2022	$ 4,043,357
2023	864,315
2024	681,201
2025	511,710
2026	534,030
2027 and thereafter	77,536
Total certificates of deposit	$ 6,712,149	$ 7,307,848

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deposits [Abstract]
Brokered deposits	$ 800,000	$ 800,000
Overdrafts in demand deposit accounts reclassified to loans	6,000	3,000
Deposit
Deposits	67,005,088	$ 56,866,340
Public sector
Deposit
Deposits	$ 20,300,000

Borrowings - Repurchase agreeme

Borrowings - Repurchase agreements accounted for as secured borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 91,603	$ 121,303
Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 91,603	$ 121,303
Repurchase liability weighted average interest rate	0.26%	1.07%
US Treasury Securities | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 78,869	$ 116,454
Repurchase liability weighted average interest rate	0.26%	1.10%
US Treasury Securities | Within 30 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 19,538	$ 67,157
Repurchase liability weighted average interest rate	0.30%	1.16%
US Treasury Securities | After 30 to 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 30,295	$ 39,318
Repurchase liability weighted average interest rate	0.21%	1.20%
US Treasury Securities | After 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 29,036	$ 9,979
Repurchase liability weighted average interest rate	0.29%	0.33%
Mortgage Backed Securities | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 12,455	$ 4,046
Repurchase liability weighted average interest rate	0.26%	0.36%
Mortgage Backed Securities | Within 30 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 11,733	$ 3,778
Repurchase liability weighted average interest rate	0.26%	0.28%
Mortgage Backed Securities | After 30 to 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 0	$ 268
Repurchase liability weighted average interest rate	0.00%	1.50%
Mortgage Backed Securities | After 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 722	$ 0
Repurchase liability weighted average interest rate	0.16%	0.00%
CMO | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 279	$ 803
Repurchase liability weighted average interest rate	0.25%	0.24%
CMO | Within 30 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 279	$ 803
Repurchase liability weighted average interest rate	0.25%	0.24%

Borrowings - Maximum aggregate

Borrowings - Maximum aggregate balance of federal funds purchased and repurchase agreements (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure [Abstract]
Maximum aggregate balance outstanding at any month-end	$ 92,101	$ 195,498
Average montly aggregate balance outstanding	$ 91,394	$ 143,718
Weighted average interest rate for the year	0.35%	1.63%
Weighted average interest rate at December 31	0.26%	1.11%

Borrowings - Other short-term b

Borrowings - Other short-term borrowings - (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Short-term debt
Maximum aggregate balance outstanding at any month-end	$ 75,000	$ 100,000
Average monthly aggregate balance outstanding	$ 343	$ 21,557
Weighted average interest rate for the year	0.35%	0.56%
Weighted average interest rate at December 31	0.35%	0.73%

Borrowings - Notes payable (Det

Borrowings - Notes payable (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument
Notes payable	$ 988,563	$ 1,224,981
Advances with FHLB with maturities ranging from 2022 Through 2029
Debt Instrument
Advances with the FHLB	492,429	542,469
Advances with FRB | Fixed rate with maturities on 2022 paying interest annually
Debt Instrument
Notes payable	0	1,009
Unsecured senior debt | Fixed Rate with maturities on 2023 paying interest semiannually
Debt Instrument
Notes payable	297,842	296,574
Junior subordinated debt | Fixed Rate with maturities on 2034
Debt Instrument
Notes payable	$ 198,292	$ 384,929

Borrowings - Notes payable -Par

Borrowings - Notes payable -Parenthetical (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Advances with FHLB with maturities ranging from 2022 Through 2029
Debt Instrument
Notes Payable Maturity Year Range Start	2022
Notes Payable Maturity Year Range End	2029
Advances with FHLB with maturities ranging from 2022 Through 2029 | Minimum
Debt Instrument
Advances with the FHLB, interest rate	0.39%	0.39%
Advances with FHLB with maturities ranging from 2022 Through 2029 | Maximum
Debt Instrument
Advances with the FHLB, interest rate	3.18%	4.19%
Advances with FRB | Fixed rate with maturities on 2022 paying interest annually
Debt Instrument
Fixed interest rate percentage		0.35%
Debt instrument maturity year		2022
Debt Instrument Frequency Of Periodic Payment		annual
Unsecured senior debt | Fixed Rate with maturities on 2023 paying interest semiannually
Debt Instrument
Fixed interest rate percentage	6.125%
Debt instrument maturity year	2023
Debt issuance costs	$ 2,158	$ 3,426
Debt Instrument Frequency Of Periodic Payment	semiannually
Junior subordinated debt | Fixed Rate with maturities on 2034
Debt Instrument
Notes Payable Maturity Year Range End	2034
Debt issuance costs	$ 342	$ 369
Junior subordinated debt | Fixed Rate with maturities on 2034 | Minimum
Debt Instrument
Fixed interest rate percentage	6.125%	6.125%
Junior subordinated debt | Fixed Rate with maturities on 2034 | Maximum
Debt Instrument
Fixed interest rate percentage	6.564%	6.70%

Borrowings - Borrowings by cont

Borrowings - Borrowings by contractual maturities (Details) $ in Thousands	Dec. 31, 2021USD ($)
Debt Disclosure
2022	$ 269,751
2023	341,103
2024	91,943
2025	139,920
2026	74,500
Later years	237,949
Total borrowings	1,155,166
Assets sold under agreements to repurchase
Debt Disclosure
2022	91,603
2023	0
2024	0
2025	0
2026	0
Later years	0
Total borrowings	91,603
Short term borrowings
Debt Disclosure
2022	75,000
2023	0
2024	0
2025	0
2026	0
Later years	0
Total borrowings	75,000
Notes payable
Debt Disclosure
2022	103,148
2023	341,103
2024	91,943
2025	139,920
2026	74,500
Later years	237,949
Total borrowings	$ 988,563

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($)	10 Months Ended
	Nov. 01, 2021	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure
FHLB advances maximum amount available		$ 3,000,000,000	$ 3,000,000,000
Federal Home Loan Bank Advances And Letters Of Credit Amount Used		600,000,000	500,000,000
Assets sold under agreements to repurchase		91,603,000	121,303,000
Other short-term borrowings		75,000,000	0
Popular Capital Trust I | Trust preferred securities redemption
Debt Disclosure
Capital securities			181,063,000
Common securities			$ 5,601,000
Note payable, interest rate			6.70%
Popular Capital Trust I | Trust preferred securities redemption | 6.70% Cumulative Monthly Income Trust Preferred Securities
Debt Disclosure
Capital securities	$ 181,000,000
Common securities	6,000,000
Cumulative monthly income trust preferred securities outstanding	$ 187,000,000
Trust Preferred Securities Redemption Price Per Share	$ 25
Accrued and unpaid distrubtion per share	0.139583
Trust Preferred Securities Liquidation Price Per Share	25
Dividends perferred stock per share	$ 25.139583
Note payable, interest rate	6.70%
Preferred securities redemption date	Nov. 1, 2021
Advances with FRB
Debt Disclosure
Line Of Credit Facility Current Borrowing Capacity		1,300,000,000	$ 1,400,000,000
Federal Home Loan Bank
Debt Disclosure
Line Of Credit Facility Capacity Available For Specific Purpose Other Than For Trade Purchases		1,200,000,000	$ 900,000,000
Other short-term borrowings		$ 75,000,000

Trust preferred securities - Fi

Trust preferred securities - Financial data pertaining to different trust (Details) - Trust preferred securities redemption - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Popular Capital Trust I
Debt Instrument
Capital securities		$ 181,063
Note payable, interest rate		6.70%
Common securities		$ 5,601
Junior subordinated deferrable interest debentures		$ 186,664
Stated maturity date		November 2033
Popular North America Capital Trust I
Debt Instrument
Capital securities	$ 91,651	$ 91,651
Note payable, interest rate	6.564%	6.564%
Common securities	$ 2,835	$ 2,835
Junior subordinated deferrable interest debentures	$ 94,486	$ 94,486
Stated maturity date	September 2034	September 2034
Popular Capital Trust II
Debt Instrument
Capital securities	$ 101,023	$ 101,023
Note payable, interest rate	6.125%	6.125%
Common securities	$ 3,125	$ 3,125
Junior subordinated deferrable interest debentures	$ 104,148	$ 104,148
Stated maturity date	December 2034	December 2034

Trust preferred securities - Tr

Trust preferred securities - Trust preferred securities - Additional Information (Details) - USD ($) $ in Thousands	10 Months Ended
	Nov. 01, 2021	Dec. 31, 2021	Dec. 31, 2020
Debt Disclosure
Trust Preferred Securities Subject To Phase Out Provision Of Dodd Frank Act		$ 193,000	$ 374,000
Popular Capital Trust I | Trust preferred securities redemption
Debt Disclosure
Capital securities			181,063
Common securities			$ 5,601
Popular Capital Trust I | Trust preferred securities redemption | 6.70% Cumulative Monthly Income Trust Preferred Securities
Debt Disclosure
Capital securities	$ 181,000
Common securities	6,000
Cumulative monthly income trust preferred securities outstanding	$ 187,000
Preferred securities redemption date	Nov. 1, 2021

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Liabilities Disclosure [Abstract]
Accrued expenses	$ 308,594	$ 235,449
Accrued interest payable	33,227	38,622
Accounts payable	91,804	69,784
Dividends payable	35,937	33,701	$ 29,000
Trades payable	13,789	720,212
Liability for GNMA loans sold with an option to repurchase	12,806	57,189
Reserves for loan indemnifications	12,639	24,781
Reserve for operational losses	43,886	41,452
Operating lease liabilities	$ 154,114	$ 152,588
Operating Lease Liability Statement Of Financial Position Line Item	Other liabilities	Other liabilities
Finance lease liabilities	$ 19,719	$ 22,572
Operating Lease Liability Statement Of Financial Position Line Item	Other liabilities	Other liabilities
Pension benefit obligation	$ 8,778	$ 35,568
Postretirement benefit obligation	161,988	179,211
Other liabilities	70,967	73,560
Total other liabilities	$ 968,248	$ 1,684,689

Stockholders' equity - Preferre

Stockholders' equity - Preferred stock - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	2 Months Ended	12 Months Ended
	Feb. 24, 2020	Dec. 31, 2021	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2018
Stockholders Equity Note
Preferred stock shares outstanding		885,726	2,006,391	885,726	2,006,391
Preferred stock shares authorized		30,000,000		30,000,000
Preferred Stock | 2003 Series A Preferred Stock
Stockholders Equity Note
Preferred Stock Redemption Price Per Share		$ 25
Preferred stock liquidation preference		25
Preferred stock dividends per share cash paid		$ 0.1328125
Preferred stock dividend rate percentage		6.375%
Dividend preferred stock cash paid		$ 1.4	$ 1.4	$ 1.4
Preferred stock shares outstanding		885,726	885,726	885,726
Preferred Stock | 2008 Series B Preferred Stock
Stockholders Equity Note
Preferred Stock Redemption Price Per Share	$ 25
Accrued and unpaid dividends on each share	0.1375
Dividends perferred stock per share	$ 25.1375
Preferred stock liquidation preference			$ 25
Preferred stock dividends per share cash paid			$ 0.171875
Preferred stock dividend rate percentage			8.25%
Dividend preferred stock cash paid			$ 2.3
Preferred stock shares outstanding			1,120,665

Stockholders' equity - Common s

Stockholders' equity - Common stock - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 12, 2022	Feb. 23, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stockholders Equity Note
Cash dividends			$ 142,290	$ 136,561	$ 116,022
Common stock dividends per share cash paid			$ 1.75	$ 1.60	$ 1.20
Dividends Declared per Common Share			$ 0.45
Dividend payable, to be paid date			Jan. 3, 2022
Dividends payable, record date			Dec. 7, 2021
Dividends payable			$ 35,937	$ 33,701	$ 29,000
Subsequent event
Stockholders Equity Note
Dividends Declared per Common Share	$ 0.55	$ 0.55
Dividend payable, to be paid date		Apr. 1, 2022
Dividends payable, record date		Mar. 15, 2022

Stockholders' equity - ASR - Ad

Stockholders' equity - ASR - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Sep. 09, 2021	May 03, 2021	May 27, 2020	Jan. 30, 2020	Feb. 28, 2022	Sep. 30, 2021	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stockholders Equity Note
Accelerated share repurchases price paid per share											$ 53.58
Accelerated share repurchases settlement receipt							$ 250,000		$ 350,000	$ 500,000	$ 250,000
Common stock purchases									355,650	504,172	256,012
Initial shares received as part of an accelerated share repurchase program								3,500,000
Common Shares Repurchased Accelerated Share Repurchase Agreements							1,165,607
Treasury stock
Stockholders Equity Note
Common stock purchases									347,093	580,507	271,752
Capital surplus
Stockholders Equity Note
Common stock purchases									$ 8,557	$ (76,335)	(15,740)
Accelerate share repurchase
Stockholders Equity Note
Stock Repurchased During Period Shares	4,614,796
Stock repurchase program authorized amount		$ 350,000		$ 500,000
Accelerated share repurchases price paid per share	$ 75.8430					$ 75.84
Accelerated share repurchases settlement receipt						$ 350,000
Initial shares received as part of an accelerated share repurchase program		3,785,831		7,055,919
Common Shares Repurchased Accelerated Share Repurchase Agreements	828,965
Accelerate share repurchase | Treasury stock
Stockholders Equity Note
Common stock purchases	$ 61,000										266,000
Reduction in capital surplus		$ 280,000		$ 400,000
Accelerate share repurchase | Capital surplus
Stockholders Equity Note
Common stock purchases											$ 16,000
Reduction in capital surplus		$ (70,000)		$ (100,000)
Accelerate share repurchase | Subsequent event
Stockholders Equity Note
Stock repurchase program authorized amount					$ 400,000
Accelerate share repurchase | Subsequent event | Treasury stock
Stockholders Equity Note
shareholders equity increase decrease recognized during the period					(320,000)
Accelerate share repurchase | Subsequent event | Capital surplus
Stockholders Equity Note
shareholders equity increase decrease recognized during the period					$ (80,000)
Accelerate share repurchase | COVID 19
Stockholders Equity Note
Stock Repurchased During Period Shares			11,819,135
Accelerated share repurchases price paid per share			$ 42.3043
Common Shares Repurchased Accelerated Share Repurchase Agreements			4,763,216

Stockholders' equity - Statutor

Stockholders' equity - Statutory reserve - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Stockholders Equity Note
Puerto Rico Laws Restrictions on Banks Net Income	a minimum of 10% of BPPR’s net income
Statutory reserve balance	$ 786,000	$ 708,000	$ 659,000
Transfer to statutory reserve	0	0	0
Capital surplus
Stockholders Equity Note
Transfer to statutory reserve	$ 78,370	$ 49,448	$ 60,111

Regulatory capital requiremen_3

Regulatory capital requirements - Corporation's risk-based capital and leverage ratios (Details) $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Capital Adequacy Minimum Requirement Plus Capital Conservation Buffer/Basel III
Regulatory Capital Requirements under Banking Regulations
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	0.04
Corporate
Regulatory Capital Requirements under Banking Regulations
Capital	$ 6,084,105	$ 5,773,919
Capital to Risk Weighted Assets	0.1935	0.1881
Common Equity Tier One Capital	$ 5,476,031	$ 4,992,096
Common Equity Tier One Capital Ratio	0.1742	0.1626
Tier One Risk Based Capital	$ 5,498,174	$ 5,014,239
Tier One Risk Based Capital to Risk Weighted Assets	0.1749	0.1633
Tier One Leverage Capital	$ 5,498,174	$ 5,014,239
Tier One Leverage Capital to Average Assets	0.0741	0.0780
Corporate | Capital Adequacy Minimum Requirement Plus Capital Conservation Buffer/Basel III
Regulatory Capital Requirements under Banking Regulations
Capital Required for Capital Adequacy	$ 3,301,329	$ 3,223,720
Capital Required for Capital Adequacy to Risk Weighted Assets	0.10500	0.10500
Common Equity Tier One Capital Required For Capital Adequacy	$ 2,200,886	$ 2,149,146
Common Equity Tier 1 Based Capital Minimum Requirement Ratio	0.07000	0.07000
Tier One Risk Based Capital Required for Capital Adequacy	$ 2,672,504	$ 2,609,678
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	0.08500	0.08500
Tier One Leverage Capital Required for Capital Adequacy	$ 2,969,535	$ 2,572,201
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	0.04	0.04
BPPR
Regulatory Capital Requirements under Banking Regulations
Capital	$ 4,281,930	$ 4,226,887
Capital to Risk Weighted Assets	0.1892	0.1858
Common Equity Tier One Capital	$ 3,998,102	$ 3,940,385
Common Equity Tier One Capital Ratio	0.1767	0.1732
Tier One Risk Based Capital	$ 3,998,102	$ 3,940,385
Tier One Risk Based Capital to Risk Weighted Assets	0.1767	0.1732
Tier One Leverage Capital	$ 3,998,102	$ 3,940,385
Tier One Leverage Capital to Average Assets	0.0624	0.0726
BPPR | Capital Adequacy Minimum Requirement Plus Capital Conservation Buffer/Basel III
Regulatory Capital Requirements under Banking Regulations
Capital Required for Capital Adequacy	$ 2,376,184	$ 2,388,394
Capital Required for Capital Adequacy to Risk Weighted Assets	0.10500	0.10500
Common Equity Tier One Capital Required For Capital Adequacy	$ 1,584,123	$ 1,592,262
Common Equity Tier 1 Based Capital Minimum Requirement Ratio	0.07000	0.07000
Tier One Risk Based Capital Required for Capital Adequacy	$ 1,923,577	$ 1,933,461
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	0.08500	0.08500
Tier One Leverage Capital Required for Capital Adequacy	$ 2,561,003	$ 2,169,835
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	0.04	0.04
PB
Regulatory Capital Requirements under Banking Regulations
Capital	$ 1,361,911	$ 1,283,332
Capital to Risk Weighted Assets	0.1678	0.1734
Common Equity Tier One Capital	$ 1,309,398	$ 1,190,758
Common Equity Tier One Capital Ratio	0.1614	0.1609
Tier One Risk Based Capital	$ 1,309,398	$ 1,190,758
Tier One Risk Based Capital to Risk Weighted Assets	0.1614	0.1609
Tier One Leverage Capital	$ 1,309,398	$ 1,190,758
Tier One Leverage Capital to Average Assets	0.1344	0.1235
PB | Capital Adequacy Minimum Requirement Plus Capital Conservation Buffer/Basel III
Regulatory Capital Requirements under Banking Regulations
Capital Required for Capital Adequacy	$ 852,032	$ 776,975
Capital Required for Capital Adequacy to Risk Weighted Assets	0.10500	0.10500
Common Equity Tier One Capital Required For Capital Adequacy	$ 568,021	$ 517,983
Common Equity Tier 1 Based Capital Minimum Requirement Ratio	0.07000	0.07000
Tier One Risk Based Capital Required for Capital Adequacy	$ 689,740	$ 628,980
Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets	0.08500	0.08500
Tier One Leverage Capital Required for Capital Adequacy	$ 389,736	$ 385,685
Tier One Leverage Capital Required for Capital Adequacy to Average Assets	0.04	0.04

Regulatory capital requiremen_4

Regulatory capital requirements - Corporation's risk-based capital and leverage ratios - subnote (Details) - Capital Adequacy Minimum Requirement Plus Capital Conservation Buffer/Basel III	Dec. 31, 2021
Regulatory Capital Requirements under Banking Regulations
Capital conservation buffer	0.025
Leverage ratio for capital adequacy ratio	0.04

Regulatory capital requiremen_5

Regulatory capital requirements - Minimum amounts and ratios to be categorized as well-capitalized (Details) - Basel III $ in Thousands	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
BPPR
Regulatory Capital Requirements under Banking Regulations
Capital Required to be Well Capitalized	$ 2,263,032	$ 2,274,660
Capital Required to be Well Capitalized to Risk Weighted Assets	0.10	0.10
Common Equity Tier 1 Based Capital Amount To Be Well Capitalized	$ 1,470,971	$ 1,478,529
Common Equity Tier 1 Based Capital Ratio To Be Well Capitalized	0.065	0.065
Tier One Risk Based Capital Required to be Well Capitalized	$ 1,810,426	$ 1,819,728
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	0.08	0.08
Tier One Leverage Capital Required to be Well Capitalized	$ 3,201,254	$ 2,712,294
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	0.05	0.05
PB
Regulatory Capital Requirements under Banking Regulations
Capital Required to be Well Capitalized	$ 811,459	$ 739,976
Capital Required to be Well Capitalized to Risk Weighted Assets	0.10	0.10
Common Equity Tier 1 Based Capital Amount To Be Well Capitalized	$ 527,448	$ 480,985
Common Equity Tier 1 Based Capital Ratio To Be Well Capitalized	0.065	0.065
Tier One Risk Based Capital Required to be Well Capitalized	$ 649,167	$ 591,981
Tier One Risk Based Capital Required to be Well Capitalized to Risk Weighted Assets	0.08	0.08
Tier One Leverage Capital Required to be Well Capitalized	$ 487,171	$ 482,106
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	0.05	0.05

Regulatory capital requiremen_6

Regulatory capital requirements - Additional Information (Details)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Regulatory Capital Requirements under Banking Regulations
Loans held-in-portfolio	$ 29,506,225,000	$ 29,588,430,000
Paycheck Protection Program
Regulatory Capital Requirements under Banking Regulations
Collateral loans	0
SBA loans under PPP program
Regulatory Capital Requirements under Banking Regulations
Loans held-in-portfolio	$ 353,000,000	$ 1,300,000,000
Standardized approach | Basel III
Regulatory Capital Requirements under Banking Regulations
CET 1 minimum ratio required ratio	0.065
Tier one risk based capital required for capital adequacy ratio	0.08
Capital required for capital adequacy ratio	0.10
Leverage ratio required	0.05

Other comprehensive income (los

Other comprehensive income (loss) - Change in accumulated other comprehensive income (loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Foreign Currency Translation
Beginning Balance	$ (71,254)	$ (56,783)	$ (49,936)
Other comprehensive income (loss) before reclassifications	3,947	(14,471)	(6,847)
Net change	3,947	(14,471)	(6,847)
Ending Balance	(67,307)	(71,254)	(56,783)
Adjustment of pension and postretirement benefit plans
Beginning Balance	(195,056)	(202,816)	(203,836)
Other comprehensive income (loss) before reclassification	23,094	(5,645)	(13,671)
Amounts reclassified from accumulated other comprehensive loss for amortization of net losses	12,968	13,405	14,691
Net change	36,062	7,760	1,020
Ending Balance	(158,994)	(195,056)	(202,816)
Unrealized net holding gains (losses) on debt securities
Beginning Balance	460,900	92,155	(173,811)
Other comprehensive (loss) income before reclassifications	(557,002)	368,780	265,950
Amounts reclassified from accumulated other comprehensive income (loss) for (gains) loss on securities	(18)	(35)	16
Net change	(557,020)	368,745	265,966
Ending Balance	(96,120)	460,900	92,155
Unrealized net (losses) gain on cash flow hedges
Beginning Balance	(4,599)	(2,494)	(391)
Reclassification to retained earnings due to cumulative effect of accounting change	0	0	(50)
Other comprehensive income (loss) before reclassifications	367	(6,400)	(4,439)
Amounts reclassified from other accumulated other comprehensive loss	1,584	4,295	2,386
Net change	1,951	(2,105)	(2,103)
Ending Balance	(2,648)	(4,599)	(2,494)
Accumulated other comprehensive (loss) income, net of tax	$ (325,069)	$ 189,991	$ (169,938)

Other comprehensive income (l_2

Other comprehensive income (loss) - Reclassification out of accumulated other comprehensive income (Details) - Reclassification out of accumulated other comprehensive income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reclassification out of accumulated other comprehensive loss
Net of tax	$ (14,534)	$ (17,665)	$ (17,093)
Cash flow hedge
Reclassification out of accumulated other comprehensive loss
Before Tax	(1,847)	(6,379)	(3,882)
Income tax benefit	263	2,084	1,496
Net of tax	(1,584)	(4,295)	(2,386)
Cash flow hedge | Forward contracts | Mortgage banking activities
Reclassification out of accumulated other comprehensive loss
Before Tax	(704)	(5,559)	(3,992)
Cash flow hedge | Interest rate swap | Other operating expense (income)
Reclassification out of accumulated other comprehensive loss
Before Tax	(1,143)	(820)	110
Pension and postretirement benefit plan
Reclassification out of accumulated other comprehensive loss
Before Tax	(20,749)	(21,447)	(23,508)
Income tax benefit	7,781	8,042	8,817
Net of tax	(12,968)	(13,405)	(14,691)
Pension and postretirement benefit plan | Other operating expense (income)
Reclassification out of accumulated other comprehensive loss
Before Tax	(20,749)	(21,447)	(23,508)
Gains (losses) on debt securities
Reclassification out of accumulated other comprehensive loss
Before Tax	23	41	(20)
Income tax benefit	(5)	(6)	4
Net of tax	18	35	(16)
Gains (losses) on debt securities | Net gain (loss) on sale of debt securities
Reclassification out of accumulated other comprehensive loss
Before Tax	$ 23	$ 41	$ (20)

Guarantees - Changes from credi

Guarantees - Changes from credit recourses agreements (Details) - Guarantee on loans sold or serviced with credit recourse - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Guarantor Obligations
Balance as of beginning of period	$ 22,484	$ 34,862
Impact of adopting CECL	0	(3,831)
Provision (reversal) for recourse liability	(2,948)	(104)
Net charge-offs	(7,736)	(8,443)
Balance as of end of period	$ 11,800	$ 22,484

Guarantees - Changes from custo

Guarantees - Changes from customary respresentations and warranties related to loans sold by BPPR (Details) - Indemnification Guarantee - Banco Popular de Puerto Rico - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Guarantor Obligations [Line Items]
Balance as of beginning of period	$ 2,297	$ 3,212
Provision (reversal) for representations and warranties	(1,458)	(915)
Balance as of end of period	$ 839	$ 2,297

Guarantees - Credit recourse -

Guarantees - Credit recourse - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Guarantee on loans sold or serviced with credit recourse
Guarantor Obligations
Valuation allowances and reserves balance	$ 11,800,000	$ 22,484,000	$ 34,862,000
Serviced mortgage loans
Guarantor Obligations
Loans serviced	12,100,000,000	12,900,000,000
Loans with recourse
Guarantor Obligations
Loans serviced	700,000,000	900,000,000
Loans with recourse | Serviced mortgage loans
Guarantor Obligations
Repurchased loans	19,000,000	161,000,000
Loans with recourse | Serviced mortgage loans | Bulk loan repurchase
Guarantor Obligations
Repurchased loans		120,000,000
Credit recourse reserve		(5,100,000)
Securitization | Guarantee on loans sold or serviced with representation and warranties
Guarantor Obligations
Repurchased loans	$ 0	$ 0

Guarantees - Other Guarantees -

Guarantees - Other Guarantees - Additional Information (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Guarantor Obligations
Funds Advanced To Investors Under Servicing Agreements	$ 53,942	$ 65,671
Popular, Inc. Holding Co.
Guarantor Obligations
Wholly-owned subsidiary percentage	100.00%
Popular, Inc. Holding Co. | Debt Securities Payable
Guarantor Obligations
Guarantees, unamortized balance of the obligations	$ 94,000	94,000
Financial Standby Letter Of Credit
Guarantor Obligations
Guarantees, unamortized balance of the obligations	200	200
Guarantee Type, Other | Popular, Inc. Holding Co. | Capital securities (trust preferred securities)
Guarantor Obligations
Guarantees, unamortized balance of the obligations	$ 193,000	$ 374,000

Commitments and Contingencies -

Commitments and Contingencies - Financial instruments with off-Balance Sheet credit risk (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Commitments To Extend Credit | Credit card
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Unused Commitments To Extend Credit	$ 5,382,089	$ 5,226,660
Commitments To Extend Credit | Commercial and construction lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Unused Commitments To Extend Credit	3,830,601	3,805,459
Commitments To Extend Credit | Other consumer unused credit commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Unused Commitments To Extend Credit	250,229	257,312
Commercial Letters of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Unused Commitments To Extend Credit	3,260	1,864
Standby Letters of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Unused Commitments To Extend Credit	27,848	22,266
Commitments to originate or fund mortgage loans
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Unused Commitments To Extend Credit	$ 95,372	$ 96,786

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Direct Exposure to Puerto Rico Government by Maturity (Details) - PR Government direct exposure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	$ 348,588	$ 377,000
Total concentration of risk	366,777
Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	30,198	35,000
Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	318,390	$ 342,000
From PR Central Government
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	53
Total concentration of risk	53
From PR Central Government | After 1 and within 5 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	14
Total concentration of risk	14
From PR Central Government | After 5 to 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	1
Total concentration of risk	1
From PR Central Government | After 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	38
Total concentration of risk	38
From PR Central Government | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	53
From PR Central Government | Investment Portfolio | After 1 and within 5 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	14
From PR Central Government | Investment Portfolio | After 5 to 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	1
From PR Central Government | Investment Portfolio | After 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	38
From PR Central Government | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	0
From PR Central Government | Loans | After 1 and within 5 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	0
From PR Central Government | Loans | After 5 to 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	0
From PR Central Government | Loans | After 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	0
From Municipalities
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	348,535
Total concentration of risk	366,724
From Municipalities | Within 1 year
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	72,890
Total concentration of risk	72,890
From Municipalities | After 1 and within 5 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	85,357
Total concentration of risk	103,546
From Municipalities | After 5 to 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	134,801
Total concentration of risk	134,801
From Municipalities | After 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	55,487
Total concentration of risk	55,487
From Municipalities | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	30,145
From Municipalities | Investment Portfolio | Within 1 year
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	4,240
From Municipalities | Investment Portfolio | After 1 and within 5 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	14,395
From Municipalities | Investment Portfolio | After 5 to 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	11,280
From Municipalities | Investment Portfolio | After 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	230
From Municipalities | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	318,390
From Municipalities | Loans | Within 1 year
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	68,650
From Municipalities | Loans | After 1 and within 5 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	70,962
From Municipalities | Loans | After 5 to 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	123,521
From Municipalities | Loans | After 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	$ 55,257

Commitments and contingencies_3

Commitments and contingencies - Commitments - Additional Information (Details) - USD ($) $ in Thousands	Jul. 02, 2021	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies Disclosure
Exposure Municipal Loans And Securities		75.00%
Loans And Leases Receivable Gross Carrying Amount		$ 29,506,225	$ 29,588,430
Commitments To Extend Credit
Commitments and Contingencies Disclosure
Reserve of potential losses associated with unfunded loan commitments		7,900	15,900
Noncredit commitment
Commitments and Contingencies Disclosure
Investments		1,000	1,400
Residential mortgage loans
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount		1,600,000	1,800,000
SBA loans under PPP program
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount		353,000	1,300,000
BVI | Retail and commerical loans
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount		221,000	251,000
BVI | Loan with BVI government
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount			19,000
Insured or guaranteed by the U.S. Government or its agencies | Commercial Loans
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount		67,000	60,000
PR Government direct exposure
Commitments and Contingencies Disclosure
Outstanding concentration of risk		348,588	377,000
Total concentration of risk		366,777
Principal payments received	$ 32,000
PR Government direct exposure | Loans
Commitments and Contingencies Disclosure
Outstanding concentration of risk		318,390	342,000
PR Government direct exposure | Loans | Adjustment rounding
Commitments and Contingencies Disclosure
Outstanding concentration of risk		319,000
PR Government direct exposure | Securities Investment
Commitments and Contingencies Disclosure
Outstanding concentration of risk		30,198	35,000
PR Government Indirect Exposure
Commitments and Contingencies Disclosure
Outstanding concentration of risk		275,000	317,000
Loans and Leases Receivable, Consumer, Mortgage with PRHA		232,000	260,000
PR Government Indirect Exposure | PR Housing Bonds backed by second mortgage loans
Commitments and Contingencies Disclosure
Outstanding concentration of risk		43,000	46,000
USVI Government Direct Exposure | From USVI Government And Public Corporations
Commitments and Contingencies Disclosure
Total concentration of risk		$ 70,000	$ 105,000

Commitments and contingencies_4

Commitments and contingencies - Legal Proceedings - Additional Information (Details) $ in Millions	1 Months Ended			12 Months Ended
	Oct. 28, 2021USD ($)	Jun. 28, 2021Defendant	Jul. 30, 2019DefendantPlaintiff	Dec. 31, 2021USD ($)claims	Jan. 27, 2022USD ($)
Hazard Insurance Commision Related Litigation
Legal Matters And Contingencies
Loss Contingency Damages Sought Value				$ 400
PB | Aileen Betances, et al. v. Popular Bank, et al
Legal Matters And Contingencies
Number of plaintiffs | Plaintiff			5
Loss Contingency Number Of Defendants | Defendant		3	5
PB | Damian Reyes, et al. v. Popular Bank, et al
Legal Matters And Contingencies
Number of plaintiffs | Plaintiff			3
Loss Contingency Number Of Defendants | Defendant			6
Aggregate Arbitrations with Claimed Damages | Popular Securities
Legal Matters And Contingencies
Loss Contingency Pending Claims Number | claims				65
Loss Contingency Damages Sought Value				$ 62
One arbitration with Claimed damages | Popular Securities | Trinidad Garcia v. Popular Inc et. al.
Legal Matters And Contingencies
Loss Contingency Damages Sought Value	$ 30
Litigation settlement amount awarded	$ 6.9
One arbitration with Claimed damages | Popular Securities | Trinidad Garcia v. Popular Inc et. al. | Subsequent event
Legal Matters And Contingencies
Damages sought amended					$ 390
Minimum
Legal Matters And Contingencies
Loss Contingency Range Of Possible Loss Portion Not Accrued				0
Minimum | PB | PB Employment Related Litigation
Legal Matters And Contingencies
Loss Contingency Damages Sought Value				100
Maximum
Legal Matters And Contingencies
Loss Contingency Range Of Possible Loss Portion Not Accrued				$ 33.9

Non-consolidated VIEs - Corpora

Non-consolidated VIEs - Corporation's VI in non-consolidated VIEs and max exposure to loss (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Variable Interest Entity
Assets	$ 75,097,899	$ 65,926,000	$ 52,115,324
Variable Interest Entity Not Primary Beneficiary
Variable Interest Entity
Assets	102,432	99,042
Maximum exposure to loss	102,432	99,042
Variable Interest Entity Not Primary Beneficiary | Servicing assets
Variable Interest Entity
Assets	94,464	90,273
Variable Interest Entity Not Primary Beneficiary | Mortgage servicing rights
Variable Interest Entity
Assets	94,464	90,273
Variable Interest Entity Not Primary Beneficiary | Other assets
Variable Interest Entity
Assets	7,968	8,769
Variable Interest Entity Not Primary Beneficiary | Servicing advances
Variable Interest Entity
Assets	$ 7,968	$ 8,769

Non-consolidated variable int_3

Non-consolidated variable interest entities - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Variable Interest Entity
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement	$ 144	$ 147
Variable Interest Entity Not Primary Beneficiary [Member]
Variable Interest Entity
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement	$ 8,300	$ 8,700

Derivative instruments and he_4

Derivative instruments and hedging activities - Cash flow hedges and non-hedging derivatives outstanding (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Notional Amount Of Derivatives
Derivative, Notional Amount	$ 267,232	$ 350,223
Derivative Asset Fair Value Net
Deivatives assets	26,093	20,785
Derivative Liability Fair Value Net
Derivatives liabilities	22,878	18,925
Designated As Hedging Instrument Member
Notional Amount Of Derivatives
Derivative, Notional Amount	87,900	188,800
Derivative Asset Fair Value Net
Deivatives assets	18	0
Derivative Liability Fair Value Net
Derivatives liabilities	125	1,267
Non designated as hedging instrument
Notional Amount Of Derivatives
Derivative, Notional Amount	179,332	161,423
Derivative Asset Fair Value Net
Deivatives assets	26,075	20,785
Derivative Liability Fair Value Net
Derivatives liabilities	22,753	17,658
Forward contracts | Designated As Hedging Instrument Member
Notional Amount Of Derivatives
Derivative, Notional Amount	87,900	188,800
Forward contracts | Designated As Hedging Instrument Member | Other assets
Derivative Asset Fair Value Net
Deivatives assets	18	0
Forward contracts | Designated As Hedging Instrument Member | Other liabilities
Derivative Liability Fair Value Net
Derivatives liabilities	125	1,267
Interest rate cap | Non designated as hedging instrument
Notional Amount Of Derivatives
Derivative, Notional Amount	27,866	29,248
Interest rate cap | Non designated as hedging instrument | Other assets
Derivative Asset Fair Value Net
Deivatives assets	0	0
Interest rate cap | Non designated as hedging instrument | Other liabilities
Derivative Liability Fair Value Net
Derivatives liabilities	0	0
Indexed options on deposits | Non designated as hedging instrument
Notional Amount Of Derivatives
Derivative, Notional Amount	79,114	69,054
Indexed options on deposits | Non designated as hedging instrument | Other assets
Derivative Asset Fair Value Net
Deivatives assets	26,075	20,785
Bifurcated embedded options | Non designated as hedging instrument
Notional Amount Of Derivatives
Derivative, Notional Amount	72,352	63,121
Bifurcated embedded options | Non designated as hedging instrument | Interest-bearing deposits
Derivative Liability Fair Value Net
Derivatives liabilities	$ 22,753	$ 17,658

Derivative instruments and he_5

Derivative instruments and hedging activities (Cash flow hedges) (Detail) - Cash flow hedging - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative Instruments, Gain (Loss)
Amount of net gain (loss) recognized in OCI on derivatives (effective portion)	$ 456	$ (6,594)	$ (3,502)
Amount of net gain (loss) reclassified from AOCI into income (effective portion)	(704)	(5,559)	(3,992)
Amount of net gain (loss) recognized in income on derivatives (ineffective portion)	0	0	0
Forward contracts
Derivative Instruments, Gain (Loss)
Amount of net gain (loss) recognized in OCI on derivatives (effective portion)	$ 456	$ (6,594)	$ (3,502)
Classification in the statement of operations of the net gain (loss) reclassified from AOCI into income (effective portion and ineffective portion)	Mortgage banking activities	Mortgage banking activities	Mortgage banking activities
Amount of net gain (loss) reclassified from AOCI into income (effective portion)	$ (704)	$ (5,559)	$ (3,992)
Amount of net gain (loss) recognized in income on derivatives (ineffective portion)	$ 0	$ 0	$ 0

Derivative instruments and he_6

Derivative instruments and hedging activities - Non-hedging activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative Instruments, Gain (Loss)
Amount of net gain (loss) recognized in income on derivatives	$ 2,313	$ (2,982)	$ (1,244)
Forward contracts | Mortgage banking activities
Derivative Instruments, Gain (Loss)
Amount of net gain (loss) recognized in income on derivatives	2,027	(5,027)	(2,254)
Interest rate cap | Other operating income
Derivative Instruments, Gain (Loss)
Amount of net gain (loss) recognized in income on derivatives	0	0	(5)
Indexed options on deposits | Interest Expense
Derivative Instruments, Gain (Loss)
Amount of net gain (loss) recognized in income on derivatives	6,824	5,462	7,898
Bifurcated embedded options | Interest Expense
Derivative Instruments, Gain (Loss)
Amount of net gain (loss) recognized in income on derivatives	$ (6,538)	$ (3,417)	$ (6,883)

Derivative instruments and he_7

Derivative instruments and hedging activities - Derivative instruments and hedging activities- Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Derivative
Fair Value Hedges, Net	$ 0	$ 0
Amount of net gain (loss) recognized in income on derivatives	2,313,000	(2,982,000)	$ (1,244,000)
Derivative liabilities credit risk gain losses	$ (300,000)	$ 700,000	$ 200,000
Derivative remaining maturity days	76 days
Counterparty credit risk
Derivative
Derivative liabilities credit risk gain losses	$ (100,000)

Related party transactions - Re

Related party transactions - Related party transactions table (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Beginning of period	$ 124,891	$ 133,054
New loans	3,182	8,360
Payments	(28,208)	(16,839)
Other Changes	2,714	316
End of period	$ 102,579	$ 124,891

Related party transactions - Co

Related party transactions - Corporation's equity in Evertec (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction
Carrying value of equity method investment	$ 298,988	$ 250,467
EVERTEC Inc.
Related Party Transaction
Carrying value of equity method investment	$ 110,299	$ 86,158

Related party transactions - Fi

Related party transactions - Financial Condition accounts outstanding with EVERTEC (Details) - EVERTEC Inc. - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Accounts receivables (Other assets)	$ 5,668	$ 5,678
Deposits	(150,737)	(125,361)
Accounts payable (Other liabilities)	(3,431)	(2,395)
Net total	$ (148,500)	$ (122,078)

Related party transactions - Pr

Related party transactions - Proportionate share of income (loss) and changes in stockholder's equity from EVERTEC (Details) - EVERTEC Inc. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction [Line Items]
Share of income from investment	$ 26,096	$ 16,936	$ 16,749
Share of other changes in stockholders equity	53	865	516
Share of changes in equity recognized in income	$ 26,149	$ 17,801	$ 17,265

Related party transactions - Im

Related party transactions - Impact on the results of operations of transactions between the Corporation and EVERTEC (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction
Related Party Transaction, Amounts of Transaction	$ (3,182)	$ (8,360)
EVERTEC Inc.
Related Party Transaction
Related Party Transaction, Amounts of Transaction	(211,616)	(192,671)	$ (182,338)
EVERTEC Inc. | Interest Expense
Related Party Transaction
Interest Expense Related Party	(388)	(315)	(106)
EVERTEC Inc. | ATH and credit cards interchange income from services
Related Party Transaction
Related Party Transaction Revenues From Transactions With Related Party	27,384	22,406	29,224
EVERTEC Inc. | Rental income charged
Related Party Transaction
Related Party Transaction Revenues From Transactions With Related Party	6,593	7,305	7,418
EVERTEC Inc. | Processing fees on services provided
Related Party Transaction
Expenses from Transactions with related party	(245,945)	(223,069)	(219,992)
EVERTEC Inc. | Other services provided
Related Party Transaction
Related Party Transaction Revenues From Transactions With Related Party	$ 740	$ 1,002	$ 1,118

Related party transactions - _2

Related party transactions - Related party transactions with affiliated company - Equity Method - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Related Party Transaction
Carrying value of equity method investment	$ 298,988	$ 250,467
EVERTEC Inc.
Related Party Transaction
Equity Method Investment Ownership Percentage	16.19%
Carrying value of equity method investment	$ 110,299	86,158
Earnings from investments in equity method investees	26,149	17,801	$ 17,265
Dividends distribution	$ 2,300	2,300
BHD LEON
Related Party Transaction
Equity Method Investment Ownership Percentage	15.84%
Carrying value of equity method investment	$ 180,300	153,100
Earnings from investments in equity method investees	27,700	27,000
Dividends distribution	$ 4,300	$ 13,200

Related party transactions - _3

Related party transactions - Related party transactions with affiliated company - Additional Information 1 (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction
Related Party Transaction, Amounts of Transaction	$ 3,182	$ 8,360
Related Party With Investment Companies
Related Party Transaction
Line of credit facility maximum borrowing capacity		275,000
Administrative Fees	4,100	6,300
Waived Fees	1,500	2,800
Net fees	$ 2,600	3,500
Credit Facilities Terms	The aggregate sum of all outstanding balances under all credit facilities that could be made available by BPPR, from time to time, to those investment companies for which PAM acted as investment advisor or co-investment advisor, could have never exceed the lesser of $200 million or 10% of BPPR’s capital.
Banco Popular Foundation
Related Party Transaction
Donations Expenses	$ 1,300	1,400
BPPR Foundation
Related Party Transaction
Donations Expenses	4,500	1,600
Related party exclude Evertec
Related Party Transaction
Deposits	$ 700,000	$ 851,000

Related party transactions - _4

Related party transactions - Related party transactions with affiliated company - Additional Information 2 (Details) $ in Thousands	1 Months Ended	2 Months Ended	3 Months Ended	12 Months Ended		48 Months Ended
	May 31, 2017USD ($)	Feb. 15, 2019USD ($)	Apr. 01, 2010USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2014USD ($)loans
Related Party Transaction
New loans				$ 3,182	$ 8,360
Family member of management / director | Commercial Loans
Related Party Transaction
Aggregated unpaid principal balance			$ 33,500	30,600
Family member of management / director | Commercial Loans | Note A
Related Party Transaction
Aggregated unpaid principal balance				17,100		$ 19,800
Loan Count | loans						5
Annual Interest Rate					4.25%	6.00%
Family member of management / director | Commercial Loans | Note B
Related Party Transaction
Aggregated unpaid principal balance				13,500		$ 13,500
Loan Count | loans						5
Annual Interest Rate					1.00%	1.00%
Family member of management / director | Residential Mortgage
Related Party Transaction
Aggregated unpaid principal balance				200
Loan amortization term			40 years
Loans and Leases Receivable, Related Parties			$ 200
Fixed annual rate first five years			2.99%
Fixed annual rate after five years			5.875%
Related party transaction loan sold between BPPR and Popular Inc | Commercial Loans
Related Party Transaction
Aggregated unpaid principal balance	$ 37,900		$ 40,200	34,800
Principal amount balance				$ 36,000
Other Additional Capital	6,000
Interest Payment		$ 500
Loan amortization term		30 years		20 years
Loan renewal term		36 months
Annual Interest Rate		5.75%		4.50%
New loans	$ 37,900

Fair value measurement - Assets

Fair value measurement - Assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Debt Securities Available for sale, at fair value	$ 24,968,269	$ 21,561,152
Mortgage servicing rights	121,570	118,395	$ 150,906
Liabilities
Derivatives	(22,878)	(18,925)
US Treasury Securities
Assets
Debt Securities Available for sale, at fair value	15,859,030	10,788,040
Obligations of U.S. Government sponsored entities
Assets
Debt Securities Available for sale, at fair value	70	60,184
Collateralized Mortgage Obligations - Federal agencies
Assets
Debt Securities Available for sale, at fair value	221,265	392,132
Mortgage Backed Securities
Assets
Debt Securities Available for sale, at fair value	8,887,776	10,320,561
Other
Assets
Debt Securities Available for sale, at fair value	128	235
Recurring
Assets
Debt Securities Available for sale, at fair value	24,968,269	21,561,152
Trading account debt securities, excluding derivatives	29,711	36,674
Equity securities at fair value	32,506	29,590
Mortgage servicing rights	121,570	118,395
Derivatives	26,093	20,785
Total assets measured at fair value on a nonrecurring basis	25,178,149	21,766,596
Liabilities
Derivatives	(22,878)	(18,925)
Contingent consideration	9,241
Total	(32,119)	(18,925)
Recurring | US Treasury Securities
Assets
Debt Securities Available for sale, at fair value	15,859,030	10,788,040
Trading account debt securities, excluding derivatives	6,530	11,506
Recurring | Obligations of U.S. Government sponsored entities
Assets
Debt Securities Available for sale, at fair value	70	60,184
Recurring | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	85	103
Recurring | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt Securities Available for sale, at fair value	221,265	392,132
Recurring | CMO
Assets
Trading account debt securities, excluding derivatives	257	346
Recurring | Mortgage Backed Securities
Assets
Debt Securities Available for sale, at fair value	8,887,776	10,320,561
Trading account debt securities, excluding derivatives	22,559	24,338
Recurring | Other
Assets
Debt Securities Available for sale, at fair value	128	235
Trading account debt securities, excluding derivatives	280	381
Recurring | Level 1
Assets
Debt Securities Available for sale, at fair value	0	3,499,781
Trading account debt securities, excluding derivatives	6,530	11,506
Equity securities at fair value	0	0
Mortgage servicing rights	0	0
Derivatives	0	0
Total assets measured at fair value on a nonrecurring basis	6,530	3,511,287
Liabilities
Derivatives	0	0
Contingent consideration	0
Total	0	0
Recurring | Level 1 | US Treasury Securities
Assets
Debt Securities Available for sale, at fair value	0	3,499,781
Trading account debt securities, excluding derivatives	6,530	11,506
Recurring | Level 1 | Obligations of U.S. Government sponsored entities
Assets
Debt Securities Available for sale, at fair value	0	0
Recurring | Level 1 | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 1 | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt Securities Available for sale, at fair value	0	0
Recurring | Level 1 | CMO
Assets
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 1 | Mortgage Backed Securities
Assets
Debt Securities Available for sale, at fair value	0	0
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 1 | Other
Assets
Debt Securities Available for sale, at fair value	0	0
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 2
Assets
Debt Securities Available for sale, at fair value	24,967,443	18,060,357
Trading account debt securities, excluding derivatives	22,703	24,509
Equity securities at fair value	32,429	29,590
Mortgage servicing rights	0	0
Derivatives	26,093	20,785
Total assets measured at fair value on a nonrecurring basis	25,048,668	18,135,241
Liabilities
Derivatives	(22,878)	(18,925)
Contingent consideration	0
Total	(22,878)	(18,925)
Recurring | Level 2 | US Treasury Securities
Assets
Debt Securities Available for sale, at fair value	15,859,030	7,288,259
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 2 | Obligations of U.S. Government sponsored entities
Assets
Debt Securities Available for sale, at fair value	70	60,184
Recurring | Level 2 | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	85	103
Recurring | Level 2 | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt Securities Available for sale, at fair value	221,265	392,132
Recurring | Level 2 | CMO
Assets
Trading account debt securities, excluding derivatives	59	68
Recurring | Level 2 | Mortgage Backed Securities
Assets
Debt Securities Available for sale, at fair value	8,886,950	10,319,547
Trading account debt securities, excluding derivatives	22,559	24,338
Recurring | Level 2 | Other
Assets
Debt Securities Available for sale, at fair value	128	235
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 3
Assets
Debt Securities Available for sale, at fair value	826	1,014
Trading account debt securities, excluding derivatives	478	659
Equity securities at fair value	0	0
Mortgage servicing rights	121,570	118,395
Derivatives	0	0
Total assets measured at fair value on a nonrecurring basis	122,874	120,068
Liabilities
Derivatives	0	0
Contingent consideration	9,241
Total	(9,241)	0
Recurring | Level 3 | US Treasury Securities
Assets
Debt Securities Available for sale, at fair value	0	0
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 3 | Obligations of U.S. Government sponsored entities
Assets
Debt Securities Available for sale, at fair value	0	0
Recurring | Level 3 | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 3 | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt Securities Available for sale, at fair value	0	0
Recurring | Level 3 | CMO
Assets
Trading account debt securities, excluding derivatives	198	278
Recurring | Level 3 | Mortgage Backed Securities
Assets
Debt Securities Available for sale, at fair value	826	1,014
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 3 | Other
Assets
Debt Securities Available for sale, at fair value	0	0
Trading account debt securities, excluding derivatives	280	$ 381
Recurring | NAV
Assets
Debt Securities Available for sale, at fair value	0
Trading account debt securities, excluding derivatives	0
Equity securities at fair value	77
Mortgage servicing rights	0
Derivatives	0
Total assets measured at fair value on a nonrecurring basis	77
Liabilities
Derivatives	0
Contingent consideration	0
Total	0
Recurring | NAV | US Treasury Securities
Assets
Debt Securities Available for sale, at fair value	0
Trading account debt securities, excluding derivatives	0
Recurring | NAV | Obligations of U.S. Government sponsored entities
Assets
Debt Securities Available for sale, at fair value	0
Recurring | NAV | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	0
Recurring | NAV | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt Securities Available for sale, at fair value	0
Recurring | NAV | CMO
Assets
Trading account debt securities, excluding derivatives	0
Recurring | NAV | Mortgage Backed Securities
Assets
Debt Securities Available for sale, at fair value	0
Trading account debt securities, excluding derivatives	0
Recurring | NAV | Other
Assets
Debt Securities Available for sale, at fair value	0
Trading account debt securities, excluding derivatives	$ 0

Fair value measurement - Asse_2

Fair value measurement - Assets measured at fair value on nonrecurring basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value
Other real estate	$ 85,077	$ 83,146
ROU assets	141,748	131,921
Nonrecurring
Fair Value
Loans	21,167	74,511	$ 35,363
Loans held-for-sale		2,738
Other real estate	7,727	20,123	18,132
Other foreclosed assets	68	116	1,213
ROU assets		446
Leasehold improvements		126
Long-lived asset held-for-sale	9,007		2,500
Trademark	156
Total assets measured at fair value on a nonrecurring basis	38,125	98,060	57,208
Loans - write-down	(3,721)	(15,290)	(13,533)
Loans held-for-sale - write-down		(1,311)
Other real estate owned - write down	(1,579)	(3,325)	(3,526)
Other foreclosed assets - write down	(33)	(148)	(156)
ROU Assets - write down		(15,920)
Leasehold improvements - write down		(2,084)
Long-lived asset held-for-sale - write down	(5,320)		(2,591)
Trademark - write down	(5,404)
Total assets measured - write down	(16,057)	(38,078)	(19,806)
Nonrecurring | Level 1
Fair Value
Loans	0	0	0
Loans held-for-sale		0
Other real estate	0	0	0
Other foreclosed assets	0	0	0
ROU assets		0
Leasehold improvements		0
Long-lived asset held-for-sale	0		0
Trademark	0
Total assets measured at fair value on a nonrecurring basis	0	0	0
Nonrecurring | Level 2
Fair Value
Loans	0	0	0
Loans held-for-sale		0
Other real estate	0	0	0
Other foreclosed assets	0	0	0
ROU assets		0
Leasehold improvements		0
Long-lived asset held-for-sale	0		0
Trademark	0
Total assets measured at fair value on a nonrecurring basis	0	0	0
Nonrecurring | Level 3
Fair Value
Loans	21,167	74,511	35,363
Loans held-for-sale		2,738
Other real estate	7,727	20,123	18,132
Other foreclosed assets	68	116	1,213
ROU assets		446
Leasehold improvements		126
Long-lived asset held-for-sale	9,007		2,500
Trademark	156
Total assets measured at fair value on a nonrecurring basis	$ 38,125	$ 98,060	$ 57,208

Fair value measurement - Change

Fair value measurement - Changes in level 3 assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	$ 120,068	$ 153,058	$ 172,149
Gains (Losses) included in earnings	(10,318)	(42,115)	(27,563)
Gains (losses) included in OCI	(13)	(18)	(1)
Additions	13,419	9,548	9,239
Settlements	(282)	(405)	(740)
Transfers out of Level 3			(26)
Ending Balance	122,874	120,068	153,058
Changes in unrealized gains (losses) included in earnings relating to assets still held	6,364	(19,300)	(14,169)
Liabilities, Fair Value Disclosure [Abstract]
Beginning Balance	0
Liabilitiy - Gains (Losses) included in earnings	0
Gains (losses) included in OCI	0
Additions	(9,241)
Settlements	0
Ending Balance	(9,241)	0
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss	0
Contingent consideration
Liabilities, Fair Value Disclosure [Abstract]
Beginning Balance	0
Liabilitiy - Gains (Losses) included in earnings	0
Gains (losses) included in OCI	0
Additions	(9,241)
Settlements	0
Ending Balance	(9,241)	0
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss	0
Debt securities available-for-sale | Mortgage Backed Securities
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	1,014	1,182	1,233
Gains (Losses) included in earnings	0	0	0
Gains (losses) included in OCI	(13)	(18)	(1)
Additions	0	0	0
Settlements	(175)	(150)	(50)
Transfers out of Level 3			0
Ending Balance	826	1,014	1,182
Changes in unrealized gains (losses) included in earnings relating to assets still held	0	0	0
Trading account debt securities | Mortgage Backed Securities
Assets, Fair Value Disclosure [Abstract]
Beginning Balance		0	43
Gains (Losses) included in earnings			(1)
Gains (losses) included in OCI			0
Additions			25
Settlements			(41)
Transfers out of Level 3			(26)
Ending Balance			0
Changes in unrealized gains (losses) included in earnings relating to assets still held			0
Trading account debt securities | CMO
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	278	530	611
Gains (Losses) included in earnings	(1)	(1)	(1)
Gains (losses) included in OCI	0	0	0
Additions	29	4	71
Settlements	(107)	(255)	(151)
Transfers out of Level 3			0
Ending Balance	198	278	530
Changes in unrealized gains (losses) included in earnings relating to assets still held	(1)	0	1
Trading account debt securities | Other
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	381	440	485
Gains (Losses) included in earnings	(101)	(59)	(45)
Gains (losses) included in OCI	0	0	0
Additions	0	0	0
Settlements	0	0	0
Transfers out of Level 3			0
Ending Balance	280	381	440
Changes in unrealized gains (losses) included in earnings relating to assets still held	(45)	27	20
Mortgage Servicing Rights
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	118,395	150,906	169,777
Gains (Losses) included in earnings	(10,216)	(42,055)	(27,516)
Gains (losses) included in OCI	0	0	0
Additions	13,391	9,544	9,143
Settlements	0	0	(498)
Transfers out of Level 3			0
Ending Balance	121,570	118,395	150,906
Changes in unrealized gains (losses) included in earnings relating to assets still held	$ 6,410	$ (19,327)	$ (14,190)

Fair value measurement - Gains

Fair value measurement - Gains and losses (realized and unrealized) included in earnings for level 3 assets and liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract
Gains (Losses) included in earnings	$ (10,318)	$ (42,115)	$ (27,563)
Liabilitiy - Gains (Losses) included in earnings	0
Changes in unrealized gains (losses) included in earnings relating to assets still held	6,364	(19,300)	(14,169)
Change in unrealized gain loss - fair value liabilities	0
Gain (loss) included in earnings	(10,318)	(42,115)	(27,563)
Mortgage banking activities
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract
Gains (Losses) included in earnings	(10,216)	(42,055)	(27,516)
Changes in unrealized gains (losses) included in earnings relating to assets still held	6,410	(19,327)	(14,190)
Trading gains losses
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract
Gains (Losses) included in earnings	(102)	(60)	(47)
Changes in unrealized gains (losses) included in earnings relating to assets still held	$ (46)	$ 27	$ 21

Fair value measurement - Quanti

Fair value measurement - Quantitative inputs level 3 (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Mortgage servicing rights	$ 121,570	$ 118,395	$ 150,906
Other real estate	85,077	83,146
Recurring
Assets
Trading Securities Debt	29,711	36,674
Mortgage servicing rights	121,570	118,395
Recurring | CMO
Assets
Trading Securities Debt	257	346
Recurring | Other
Assets
Trading Securities Debt	280	381
Recurring | Level 3
Assets
Trading Securities Debt	478	659
Mortgage servicing rights	121,570	118,395
Recurring | Level 3 | Mortgage Servicing Rights
Assets
Mortgage servicing rights		$ 118,395
Recurring | Level 3 | Mortgage Servicing Rights | Discounted cash flow approach | Minimum
Unobservable inputs
Weighted average life		3 months 18 days
Prepayment speed		0.30%
Discount rate		9.50%
Recurring | Level 3 | Mortgage Servicing Rights | Discounted cash flow approach | Maximum
Unobservable inputs
Weighted average life		12 years 3 months 18 days
Prepayment speed		24.60%
Discount rate		14.70%
Recurring | Level 3 | Mortgage Servicing Rights | Discounted cash flow approach | Weighted Average
Unobservable inputs
Weighted average life		6 years
Prepayment speed		6.90%
Discount rate		11.10%
Recurring | Level 3 | CMO
Assets
Trading Securities Debt	$ 198	$ 278
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Minimum
Unobservable inputs
Weighted average life	14 days	7 months 6 days
Yield	3.60%	3.60%
Prepayment speed	10.10%	13.80%
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Maximum
Unobservable inputs
Weighted average life	1 year	1 year 4 months 24 days
Yield	4.10%	4.10%
Prepayment speed	17.20%	18.30%
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Weighted Average
Unobservable inputs
Weighted average life	9 months 18 days	1 year 2 months 12 days
Yield	3.60%	3.60%
Prepayment speed	11.40%	17.70%
Recurring | Level 3 | Other
Assets
Trading Securities Debt	$ 280	$ 381
Recurring | Level 3 | Other | Trading account debt securities | Discounted cash flow approach
Unobservable inputs
Weighted average life	2 years 10 months 24 days	3 years 7 months 6 days
Yield	12.00%	12.00%
Prepayment speed	10.80%	10.80%
Nonrecurring
Assets
Loans	$ 21,167	$ 74,511	35,363
Other real estate	7,727	20,123	18,132
Nonrecurring | Level 3
Assets
Loans	21,167	74,511	35,363
Other real estate	7,727	20,123	$ 18,132
Nonrecurring | Level 3 | Loan
Assets
Loans	$ 20,041	$ 74,347
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal
Unobservable inputs
Haircut applied on external appraisal	5.00%
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Minimum
Unobservable inputs
Haircut applied on external appraisal		10.00%
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Maximum
Unobservable inputs
Haircut applied on external appraisal		40.00%
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Weighted Average
Unobservable inputs
Haircut applied on external appraisal		20.90%
Nonrecurring | Level 3 | Other real estate owned
Assets
Other real estate	$ 3,631	$ 14,926
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal | Minimum
Unobservable inputs
Haircut applied on external appraisal	5.00%	5.00%
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal | Maximum
Unobservable inputs
Haircut applied on external appraisal	35.00%	30.00%
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal | Weighted Average
Unobservable inputs
Haircut applied on external appraisal	22.30%	22.10%

Fair value measurement - Additi

Fair value measurement - Additional Information (Details)	12 Months Ended
	Dec. 31, 2021
Trading account debt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Sensitivity Analysis, Description	The significant unobservable inputs used in the fair value measurement of the Corporation’s collateralized mortgage obligations and interest-only collateralized mortgage obligation (reported as “other”), which are classified in the “trading” category, are yield, constant prepayment rate, and weighted average life. Significant increases (decreases) in any of those inputs in isolation would result in significantly lower (higher) fair value measurement. Generally, a change in the assumption used for the constant prepayment rate will generate a directionally opposite change in the weighted average life. For example, as the average life is reduced by a higher constant prepayment rate, a lower yield will be realized, and when there is a reduction in the constant prepayment rate, the average life of these collateralized mortgage obligations will extend, thus resulting in a higher yield.
Mortgage Servicing Rights
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair Value Measurements, Sensitivity Analysis, Description	The significant unobservable inputs used in the fair value measurement of the Corporation’s mortgage servicing rights are constant prepayment rates and discount rates. Increases in interest rates may result in lower prepayments. Discount rates vary according to products and / or portfolios depending on the perceived risk. Increases in discount rates result in a lower fair value measurement

Fair value of financial instr_3

Fair value of financial instruments - Carrying or notional amounts and estimated fair values for financial instruments (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Financial Assets:
Cash and due from banks	$ 428,433,000	$ 491,065,000
Money market investments	17,536,719,000	11,640,880,000
Debt Securities Available for sale, at fair value	24,968,269,000	21,561,152,000
Debt securities held-to-maturity, net	71,365,000	82,360,000
Equity securities:
Equity securities, at lower of cost or realizable value	189,977,000	173,737,000
Loans held in portfolio, net	28,545,191,000	28,488,946,000
Mortgage servicing rights	121,570,000	118,395,000	$ 150,906,000
Deposits
Time deposits	6,712,149,000	7,307,848,000
Deposits	67,005,088,000	56,866,340,000
Assets sold under agreements to repurchase	91,603,000	121,303,000
Other short-term borrowings	75,000,000	0
Notes payable:
Notes payable	988,563,000	1,224,981,000
Derivatives	22,878,000	18,925,000
Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity, net	65,380,000	70,768,000
Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt Securities Available for sale, at fair value	221,265,000	392,132,000
Debt securities held-to-maturity, net	25,000	31,000
Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity, net	5,960,000	11,561,000
Other
Financial Assets:
Debt Securities Available for sale, at fair value	128,000	235,000
Carrying amount
Financial Assets:
Cash and due from banks	428,433,000	491,065,000
Money market investments	17,536,719,000	11,640,880,000
Trading account debt securities, excluding derivatives	29,711,000	36,674,000
Debt Securities Available for sale, at fair value	24,968,269,000	21,561,152,000
Debt securities held-to-maturity, net	71,365,000	82,360,000
Equity securities:
FHLB Stock	59,918,000	49,799,000
FRB stock	96,217,000	93,045,000
Other investments	33,842,000	30,893,000
Equity securities, at lower of cost or realizable value	189,977,000	173,737,000
Loans held-for-sale	59,168,000	99,455,000
Loans held in portfolio, net	28,545,191,000	28,488,946,000
Mortgage servicing rights	121,570,000	118,395,000
Derivatives	26,093,000	20,785,000
Deposits
Demand deposits	60,292,939,000	49,558,492,000
Time deposits	6,712,149,000	7,307,848,000
Deposits	67,005,088,000	56,866,340,000
Assets sold under agreements to repurchase	91,603,000	121,303,000
Other short-term borrowings	75,000,000
Notes payable:
Advances with the FHLB	492,429,000	542,469,000
Unsecured senior debt securities	297,842,000	296,574,000
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust	198,292,000	384,929,000
FRB advances		1,009,000
Notes payable	988,563,000	1,224,981,000
Derivatives	22,878,000	18,925,000
Contingent consideration	9,241,000
Carrying amount | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity, net	65,380,000	70,768,000
Carrying amount | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity, net	25,000	31,000
Carrying amount | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity, net	5,960,000	11,561,000
Fair Value
Financial Assets:
Cash and due from banks	428,433,000	491,065,000
Money market investments	17,536,719,000	11,640,880,000
Trading account debt securities, excluding derivatives	29,711,000	36,674,000
Debt Securities Available for sale, at fair value	24,968,269,000	21,561,152,000
Debt securities held-to-maturity, net	83,368,000	94,891,000
Equity securities:
FHLB Stock	59,918,000	49,799,000
FRB stock	96,217,000	93,045,000
Other investments	36,210,000	31,085,000
Equity securities, at lower of cost or realizable value	192,345,000	173,929,000
Loans held-for-sale	59,885,000	102,189,000
Loans held in portfolio, net	27,489,583,000	27,098,297,000
Mortgage servicing rights	121,570,000	118,395,000
Derivatives	26,093,000	20,785,000
Deposits
Demand deposits	60,292,939,000	49,558,492,000
Time deposits	6,647,301,000	7,319,963,000
Deposits	66,940,240,000	56,878,455,000
Assets sold under agreements to repurchase	91,602,000	121,257,000
Other short-term borrowings	75,000,000
Notes payable:
Advances with the FHLB	496,091,000	561,977,000
Unsecured senior debt securities	319,296,000	321,078,000
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust	201,879,000	395,078,000
FRB advances		1,009,000
Notes payable	1,017,266,000	1,279,142,000
Derivatives	22,878,000	18,925,000
Contingent consideration	9,241,000
Fair Value | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity, net	77,383,000	83,298,000
Fair Value | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity, net	25,000	32,000
Fair Value | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity, net	5,960,000	11,561,000
Fair Value | Level 1
Financial Assets:
Cash and due from banks	428,433,000	491,065,000
Money market investments	17,530,640,000	11,634,851,000
Trading account debt securities, excluding derivatives	6,530,000	11,506,000
Debt Securities Available for sale, at fair value	0	3,499,781,000
Debt securities held-to-maturity, net	0	0
Equity securities:
FHLB Stock	0	0
FRB stock	0	0
Other investments	0	0
Equity securities, at lower of cost or realizable value	0	0
Loans held-for-sale	0	0
Loans held in portfolio, net	0	0
Mortgage servicing rights	0	0
Derivatives	0	0
Deposits
Demand deposits	0	0
Time deposits	0	0
Deposits	0	0
Assets sold under agreements to repurchase	0	0
Other short-term borrowings	0
Notes payable:
Advances with the FHLB	0	0
Unsecured senior debt securities	0	0
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust	0	0
FRB advances		0
Notes payable	0	0
Derivatives	0	0
Contingent consideration	0
Fair Value | Level 1 | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity, net	0	0
Fair Value | Level 1 | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity, net	0	0
Fair Value | Level 1 | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity, net	0	0
Fair Value | Level 2
Financial Assets:
Cash and due from banks	0	0
Money market investments	6,079,000	6,029,000
Trading account debt securities, excluding derivatives	22,703,000	24,509,000
Debt Securities Available for sale, at fair value	24,967,443,000	18,060,357,000
Debt securities held-to-maturity, net	5,960,000	11,561,000
Equity securities:
FHLB Stock	59,918,000	49,799,000
FRB stock	96,217,000	93,045,000
Other investments	32,429,000	29,590,000
Equity securities, at lower of cost or realizable value	188,564,000	172,434,000
Loans held-for-sale	0	0
Loans held in portfolio, net	0	0
Mortgage servicing rights	0	0
Derivatives	26,093,000	20,785,000
Deposits
Demand deposits	60,292,939,000	49,558,492,000
Time deposits	6,647,301,000	7,319,963,000
Deposits	66,940,240,000	56,878,455,000
Assets sold under agreements to repurchase	91,602,000	121,257,000
Other short-term borrowings	75,000,000
Notes payable:
Advances with the FHLB	496,091,000	561,977,000
Unsecured senior debt securities	319,296,000	321,078,000
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust	201,879,000	395,078,000
FRB advances		1,009,000
Notes payable	1,017,266,000	1,279,142,000
Derivatives	22,878,000	18,925,000
Contingent consideration	0
Fair Value | Level 2 | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity, net	0	0
Fair Value | Level 2 | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity, net	0	0
Fair Value | Level 2 | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity, net	5,960,000	11,561,000
Fair Value | Level 3
Financial Assets:
Cash and due from banks	0	0
Money market investments	0	0
Trading account debt securities, excluding derivatives	478,000	659,000
Debt Securities Available for sale, at fair value	826,000	1,014,000
Debt securities held-to-maturity, net	77,408,000	83,330,000
Equity securities:
FHLB Stock	0	0
FRB stock	0	0
Other investments	3,704,000	1,495,000
Equity securities, at lower of cost or realizable value	3,704,000	1,495,000
Loans held-for-sale	59,885,000	102,189,000
Loans held in portfolio, net	27,489,583,000	27,098,297,000
Mortgage servicing rights	121,570,000	118,395,000
Derivatives	0	0
Deposits
Demand deposits	0	0
Time deposits	0	0
Deposits	0	0
Assets sold under agreements to repurchase	0	0
Other short-term borrowings	0
Notes payable:
Advances with the FHLB	0	0
Unsecured senior debt securities	0	0
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust	0	0
FRB advances		0
Notes payable	0	0
Derivatives	0	0
Contingent consideration	9,241,000
Fair Value | Level 3 | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity, net	77,383,000	83,298,000
Fair Value | Level 3 | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity, net	25,000	32,000
Fair Value | Level 3 | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity, net	0	$ 0
Fair Value | NAV
Financial Assets:
Cash and due from banks	0
Money market investments	0
Trading account debt securities, excluding derivatives	0
Debt Securities Available for sale, at fair value	0
Debt securities held-to-maturity, net	0
Equity securities:
FHLB Stock	0
FRB stock	0
Other investments	77,000
Equity securities, at lower of cost or realizable value	77,000
Loans held-for-sale	0
Loans held in portfolio, net	0
Mortgage servicing rights	0
Derivatives	0
Deposits
Demand deposits	0
Time deposits	0
Deposits	0
Assets sold under agreements to repurchase	0
Other short-term borrowings	0
Notes payable:
Advances with the FHLB	0
Unsecured senior debt securities	0
Junior Subordinated Debenture Owed To Unconsolidated Subsidiary Trust	0
Notes payable	0
Derivatives	0
Contingent consideration	0
Fair Value | NAV | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity, net	0
Fair Value | NAV | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity, net	0
Fair Value | NAV | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity, net	$ 0

Fair Value of financial instr_4

Fair Value of financial instruments- Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Letter Of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure Off balance Sheet Risks Face Amount Asset	$ 31	$ 24
Commitments To Extend Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Fair Value Disclosure Off balance Sheet Risks Face Amount Asset	$ 9,500	$ 9,300

Employee benefits - Plans targe

Employee benefits - Plans target allocation by asset category (Details)	Dec. 31, 2021	Dec. 31, 2020
Popular Related Securities
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan actual asset allocations	2.00%	1.00%
Popular Related Securities | Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets target allocation	5.00%
Popular Related Securities | Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets target allocation	0.00%
Equity
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan actual asset allocations	30.00%	38.00%
Equity | Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets target allocation	70.00%
Equity | Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets target allocation	0.00%
Debt Securities
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan actual asset allocations	67.00%	60.00%
Debt Securities | Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets target allocation	100.00%
Debt Securities | Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets target allocation	0.00%
Cash and Cash Equivalents
Defined Benefit Plan Disclosure [Line Items]
Define benefit plan actual asset allocations	1.00%	1.00%
Cash and Cash Equivalents | Maximum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets target allocation	100.00%
Cash and Cash Equivalents | Minimum
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan assets target allocation	0.00%

Employee benefits - Plan assets

Employee benefits - Plan assets by fair value hierarchy (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure
Fair value of plan assets	$ 860,484	$ 878,785
Obligations of U.S. Government sponsored entities
Defined Benefit Plan Disclosure
Fair value of plan assets	197,636	194,442
Corporate bonds and debentures
Defined Benefit Plan Disclosure
Fair value of plan assets	384,360	334,524
Equity securities - Common stocks
Defined Benefit Plan Disclosure
Fair value of plan assets	41,414	101,081
Equity securities - ETF's
Defined Benefit Plan Disclosure
Fair value of plan assets	136,811	132,238
Foreign Commingled Trust Fund
Defined Benefit Plan Disclosure
Fair value of plan assets	82,912	98,431
Mutual Funds
Defined Benefit Plan Disclosure
Fair value of plan assets	5,262	4,526
Private Equity investments
Defined Benefit Plan Disclosure
Fair value of plan assets	56	70
Cash and Cash Equivalents
Defined Benefit Plan Disclosure
Fair value of plan assets	7,523	9,626
Accrued Income Receivable
Defined Benefit Plan Disclosure
Fair value of plan assets	4,510	3,847
Level 1
Defined Benefit Plan Disclosure
Fair value of plan assets	160,302	204,716
Level 1 | Obligations of U.S. Government sponsored entities
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 1 | Corporate bonds and debentures
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 1 | Equity securities - Common stocks
Defined Benefit Plan Disclosure
Fair value of plan assets	41,414	101,081
Level 1 | Equity securities - ETF's
Defined Benefit Plan Disclosure
Fair value of plan assets	111,365	94,009
Level 1 | Foreign Commingled Trust Fund
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 1 | Mutual Funds
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 1 | Private Equity investments
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 1 | Cash and Cash Equivalents
Defined Benefit Plan Disclosure
Fair value of plan assets	7,523	9,626
Level 1 | Accrued Income Receivable
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 2
Defined Benefit Plan Disclosure
Fair value of plan assets	415,842	556,164
Level 2 | Obligations of U.S. Government sponsored entities
Defined Benefit Plan Disclosure
Fair value of plan assets	9,259	187,065
Level 2 | Corporate bonds and debentures
Defined Benefit Plan Disclosure
Fair value of plan assets	375,875	326,344
Level 2 | Equity securities - Common stocks
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 2 | Equity securities - ETF's
Defined Benefit Plan Disclosure
Fair value of plan assets	25,446	38,229
Level 2 | Foreign Commingled Trust Fund
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 2 | Mutual Funds
Defined Benefit Plan Disclosure
Fair value of plan assets	5,262	4,526
Level 2 | Private Equity investments
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 2 | Cash and Cash Equivalents
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 2 | Accrued Income Receivable
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 3
Defined Benefit Plan Disclosure
Fair value of plan assets	4,566	3,917	$ 4,670
Level 3 | Obligations of U.S. Government sponsored entities
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 3 | Corporate bonds and debentures
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 3 | Equity securities - Common stocks
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 3 | Equity securities - ETF's
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 3 | Foreign Commingled Trust Fund
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 3 | Mutual Funds
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 3 | Private Equity investments
Defined Benefit Plan Disclosure
Fair value of plan assets	56	70
Level 3 | Cash and Cash Equivalents
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
Level 3 | Accrued Income Receivable
Defined Benefit Plan Disclosure
Fair value of plan assets	4,510	3,847
NAV
Defined Benefit Plan Disclosure
Fair value of plan assets	279,774	113,988
NAV | Obligations of U.S. Government sponsored entities
Defined Benefit Plan Disclosure
Fair value of plan assets	188,377	7,377
NAV | Corporate bonds and debentures
Defined Benefit Plan Disclosure
Fair value of plan assets	8,485	8,180
NAV | Equity securities - Common stocks
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
NAV | Equity securities - ETF's
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
NAV | Foreign Commingled Trust Fund
Defined Benefit Plan Disclosure
Fair value of plan assets	82,912	98,431
NAV | Mutual Funds
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
NAV | Private Equity investments
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
NAV | Cash and Cash Equivalents
Defined Benefit Plan Disclosure
Fair value of plan assets	0	0
NAV | Accrued Income Receivable
Defined Benefit Plan Disclosure
Fair value of plan assets	$ 0	$ 0

Employee benefits - Changes in

Employee benefits - Changes in level 3 assets measured at fair value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation
Fair value of plan assets at beginning of year	$ 878,785
Fair value of plan assets at end of year	860,484	$ 878,785
Level 3
Defined Benefit Plan, Change in Fair Value of Plan Assets, Level 3 Reconciliation
Fair value of plan assets at beginning of year	3,917	4,670
Purchases, sales, issuance, settlements, paydowns and maturities (net)	649	(753)
Fair value of plan assets at end of year	$ 4,566	$ 3,917

Employee benefits - Information

Employee benefits - Information Popular Inc. shares of common stock held by the plans (Details) - Commom stock held by pension plan - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure
Shares of Popular, Inc. common stock	167,182	162,936
Fair value of shares of Popular, Inc. common stock	$ 13,716	$ 9,177
Dividends paid on shares of Popular, Inc. common stock held by the plan	$ 280	$ 238

Employee benefits - Components

Employee benefits - Components of net periodic benefit cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plans
Personnel costs:
Service cost	$ 0	$ 0	$ 0
Other operating expenses
Interest cost	15,993	23,389	28,439
Expected return on plan assets	(38,679)	(38,104)	(32,388)
Recognized net actuarial loss	18,876	20,880	23,508
Net periodic benefit (credit) cost	(3,810)	6,165	19,559
Total net periodic pension cost	(3,810)	6,165	19,559
OPEB Plan
Personnel costs:
Service cost	642	713	759
Other operating expenses
Interest cost	3,573	4,913	5,955
Expected return on plan assets	0	0	0
Recognized net actuarial loss	1,873	567	0
Net periodic benefit (credit) cost	6,088	6,193	6,714
Total net periodic pension cost	$ 6,088	$ 6,193	$ 6,714

Employee benefits - Aggregate s

Employee benefits - Aggregate status of the plans and the amounts recognized in the consolidated financial statements (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	$ 878,785
Fair value of plan assets at end of year	860,484	$ 878,785
Pension Plans
Change in benefit obligation:
Benefit obligation at beginning of year	914,353	852,551
Service cost	0	0	$ 0
Interest cost	15,993	23,389	28,439
Actuarial loss (gain)	(34,297)	83,277
Benefits paid	(44,578)	(44,864)
Benefit obligation at end of year	851,471	914,353	852,551
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	878,785	799,935
Actual return on plan assets	26,049	123,484
Employer contribution	228	230
Benefits paid	(44,578)	(44,864)
Fair value of plan assets at end of year	860,484	878,785	799,935
OPEB Plan
Change in benefit obligation:
Benefit obligation at beginning of year	179,210	168,681
Service cost	642	713	759
Interest cost	3,573	4,913	5,955
Actuarial loss (gain)	(17,286)	11,247
Benefits paid	(6,181)	(6,344)
Benefit obligation at end of year	159,958	179,210	168,681
Change in fair value of plan assets:
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Employer contribution	6,181	6,344
Benefits paid	(6,181)	(6,344)
Fair value of plan assets at end of year	$ 0	$ 0	$ 0

Employee benefits - Funded Stat

Employee benefits - Funded Status of the plan (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Funded status of the plan:
Fair value of plan assets at end of year	$ 860,484	$ 878,785
Pension Plans
Funded status of the plan:
Benefit obligation at end of year	(851,471)	(914,353)	$ (852,551)
Fair value of plan assets at end of year	860,484	878,785	799,935
Funded status at year end	9,013	(35,568)	(52,616)
OPEB Plan
Funded status of the plan:
Benefit obligation at end of year	(159,958)	(179,210)	(168,681)
Fair value of plan assets at end of year	0	0	0
Funded status at year end	$ (159,958)	$ (179,210)	$ (168,681)

Employee benefits - Accumulated

Employee benefits - Accumulated other comprehensive losses (Detail) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plans
Amounts recognized in accumulated other comprehensive losss:
Net loss	$ 225,356	$ 265,899
Accumulated other comprehensive loss	225,356	265,899	$ 288,882
OPEB Plan
Amounts recognized in accumulated other comprehensive losss:
Net loss	12,993	32,152
Accumulated other comprehensive loss	$ 12,993	$ 32,152	$ 21,472

Employee benefits - Reconciliat

Employee benefits - Reconciliation of net (liabilities) assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plans
Reconciliation of net (liabilities) assets:
Net (liabilities) assets at beginning of year	$ (35,568)	$ (52,616)
Amount recognized in AOCL at beginning of year	265,899	288,882
Amount prepaid (accrued) at beginning of year	230,331	236,266
Net periodic benefit (credit) cost	3,810	(6,165)	$ (19,559)
Contributions	228	230
Amount prepaid (accrued) at end of year	234,369	230,331	236,266
Accumulated other comprehensive loss	(225,356)	(265,899)	(288,882)
Net (liabilities) assets at end of year	9,013	(35,568)	(52,616)
OPEB Plan
Reconciliation of net (liabilities) assets:
Net (liabilities) assets at beginning of year	(179,210)	(168,681)
Amount recognized in AOCL at beginning of year	32,152	21,472
Amount prepaid (accrued) at beginning of year	(147,058)	(147,209)
Net periodic benefit (credit) cost	(6,088)	(6,193)	(6,714)
Contributions	6,181	6,344
Amount prepaid (accrued) at end of year	(146,965)	(147,058)	(147,209)
Accumulated other comprehensive loss	(12,993)	(32,152)	(21,472)
Net (liabilities) assets at end of year	$ (159,958)	$ (179,210)	$ (168,681)

Employee benefits - Change in a

Employee benefits - Change in accumulated other comprehensive income loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Amount recognized in AOCL at beginning of year	$ 265,899	$ 288,882
Recognized During Year:
Recognized net actuarial loss	18,876	20,880	$ 23,508
Ocurring during the year:
Net actuarial (gains) losses	(21,667)	(2,103)
Total (decrease) increase in AOCL	(40,543)	(22,983)
Amount recognized in AOCL at end of year	225,356	265,899	288,882
OPEB Plan
Defined Benefit Plan Disclosure [Line Items]
Amount recognized in AOCL at beginning of year	32,152	21,472
Recognized During Year:
Recognized net actuarial loss	1,873	567	0
Ocurring during the year:
Net actuarial (gains) losses	(17,286)	11,247
Total (decrease) increase in AOCL	(19,159)	10,680
Amount recognized in AOCL at end of year	$ 12,993	$ 32,152	$ 21,472

Employee benefits - Discount ra

Employee benefits - Discount rate and assumed health care cost trend rates (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension Plans | Minimum
Weighted average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate for benefit obligation	2.41%	3.22%	4.20%
Discount rate for interest cost	1.76%	2.81%	3.87%
Expected return on plan asset	4.60%	5.00%	5.30%
Weighted average assumptions used to determine benefit obligation at December 31:
Discount rate for benefit obligation	2.79%	2.41%
Pension Plans | Maximum
Weighted average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate for benefit obligation	2.48%	3.27%	4.23%
Discount rate for interest cost	1.80%	2.83%	3.90%
Expected return on plan asset	5.50%	5.80%	6.00%
Weighted average assumptions used to determine benefit obligation at December 31:
Discount rate for benefit obligation	2.83%	2.48%
OPEB Plan
Weighted average assumptions used to determine net periodic benefit cost for the years ended December 31:
Discount rate for benefit obligation	2.65%	3.38%	4.30%
Discount rate for service cost	3.09%	3.72%	4.49%
Discount rate for interest cost	2.03%	2.98%	3.99%
Initial health care cost trend rates	5.00%	5.00%	5.00%
Ultimate health care cost trend rate	4.50%	5.00%	5.00%
Year that the ultimate trend rate is reached	2023	2020	2019
Weighted average assumptions used to determine benefit obligation at December 31:
Discount rate for benefit obligation	2.94%	2.65%
Initial health care cost trend rates	4.75%	5.00%
Ultimate health care cost trend rate	4.50%	4.50%
Year that the ultimate trend rate is reached	2023	2023

Employee benefits - Accumulat_2

Employee benefits - Accumulated benefit obligation in excess of plan assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Pension Plans
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	$ 851,471	$ 914,353
Accumulated benefit obligation	851,471	914,353
Fair value of plan assets	860,484	878,785
OPEB Plan
Defined Benefit Plan Disclosure [Line Items]
Projected benefit obligation	159,958	179,210
Accumulated benefit obligation	159,958	179,210
Fair value of plan assets	$ 0	$ 0

Employee benefits - Contributio

Employee benefits - Contributions to the benefit plans (Details) $ in Thousands	Dec. 31, 2021USD ($)
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected employer contributions to the benefit plans during the next year	$ 227
OPEB Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Expected employer contributions to the benefit plans during the next year	$ 5,971

Employee benefits - Projected b

Employee benefits - Projected benefit payments (Details) $ in Thousands	Dec. 31, 2021USD ($)
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2022	$ 48,339
2023	45,409
2024	45,598
2025	45,742
2026	45,824
2027- 2031	226,642
OPEB Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
2022	5,971
2023	6,117
2024	6,293
2025	6,458
2026	6,667
2027- 2031	$ 35,807

Employee benefits - Breakdown o

Employee benefits - Breakdown of pension and OPEB plans assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Pension Plans
Defined Benefit Plan Disclosure
Non-current assets	$ 17,792	$ 0
Current liabilities	227	229
Non-current liabilities	8,552	35,339
OPEB Plan
Defined Benefit Plan Disclosure
Non-current assets	0	0
Current liabilities	5,959	6,328
Non-current liabilities	$ 153,999	$ 172,882

Employee benefits - Additional

Employee benefits - Additional information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Transfers Between Level 1 and Level 2, Description and Policy [Abstract]
Transfers in or out of Level 1	$ 0	$ 0
Transfers in or out of Level 2	0	0
Transfers in or out of Level 3	0	0
Savings Plans
Fair Value, Transfers Between Level 1 and Level 2, Description and Policy [Abstract]
Savings Plans	105,000,000	77,000,000
Savings Plans Contributions	$ 13,300,000	$ 14,000,000	$ 15,100,000
Savings Plans Stocks Held	1,279,982	1,362,593

Net income per common share - C

Net income per common share - Computation of net income (loss) per common share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share, Basic and Diluted [Abstract]
Net income	$ 934,889	$ 506,622	$ 671,135
Preferred stock dividends	(1,412)	(1,758)	(3,723)
Net income applicable to common stock	$ 933,477	$ 504,864	$ 667,412
Average common shares outstanding	81,263,027	85,882,371	96,848,835
Average potential dilutive common shares	157,127	92,888	148,965
Average common shares outstanding - assuming dilution	81,420,154	85,975,259	96,997,800
Basic EPS	$ 11.49	$ 5.88	$ 6.89
Diluted EPS	$ 11.46	$ 5.87	$ 6.88

Net income per common share - A

Net income per common share - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	Sep. 09, 2021	May 03, 2021	Jan. 30, 2020	Sep. 30, 2021	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2021	Dec. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Accelerated share repurchases settlement receipt					$ 250		$ 250	$ 350	$ 500
Initial shares received as part of an accelerated share repurchase program						3,500,000
Common Shares Repurchased Accelerated Share Repurchase Agreements					1,165,607
Accelerated share repurchases price paid per share							$ 53.58
Accelerate share repurchase
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Accelerated share repurchases settlement receipt				$ 350
Initial shares received as part of an accelerated share repurchase program		3,785,831	7,055,919
Common Shares Repurchased Accelerated Share Repurchase Agreements	828,965
Accelerated share repurchases price paid per share	$ 75.8430			$ 75.84

Revenue from contracts with c_3

Revenue from contracts with customers - Revenue streams (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Service charges on deposit accounts
Revenue From Contract With Customer Excluding Assessed Tax	$ 162,698	$ 147,823	$ 160,933
BPPR
Revenue From Contract With Customer Excluding Assessed Tax	405,970	342,733	366,599
BPPR | Service charges on deposit accounts
Revenue From Contract With Customer Excluding Assessed Tax	151,453	136,703	146,384
BPPR | Debit card fees
Revenue From Contract With Customer Excluding Assessed Tax	47,681	38,685	46,066
BPPR | Insurance fees, excluding reinsurance
Revenue From Contract With Customer Excluding Assessed Tax	40,929	35,799	42,995
BPPR | Credit card fees excluding late fees and membership fees
Revenue From Contract With Customer Excluding Assessed Tax	117,418	88,091	86,884
BPPR | Sale and administration of investment products
Revenue From Contract With Customer Excluding Assessed Tax	23,634	21,755	23,072
BPPR | Trust fees
Revenue From Contract With Customer Excluding Assessed Tax	24,855	21,700	21,198
Popular U.S.
Revenue From Contract With Customer Excluding Assessed Tax	17,051	15,402	20,294
Popular U.S. | Service charges on deposit accounts
Revenue From Contract With Customer Excluding Assessed Tax	11,245	11,120	14,549
Popular U.S. | Debit card fees
Revenue From Contract With Customer Excluding Assessed Tax	956	967	1,076
Popular U.S. | Insurance fees, excluding reinsurance
Revenue From Contract With Customer Excluding Assessed Tax	3,798	2,484	3,803
Popular U.S. | Credit card fees excluding late fees and membership fees
Revenue From Contract With Customer Excluding Assessed Tax	1,052	831	866
Popular U.S. | Sale and administration of investment products
Revenue From Contract With Customer Excluding Assessed Tax	0	0	0
Popular U.S. | Trust fees
Revenue From Contract With Customer Excluding Assessed Tax	$ 0	$ 0	$ 0

Revenue from contracts with c_4

Revenue from contracts with customers - Revenue streams - Parenthetical (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Intersegment Transaction
Revenue From Contract With Customer Excluding Assessed Tax	$ 4.1	$ 4.3	$ 3.8

Leases - Future minimum payment

Leases - Future minimum payments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating lease liabilities under Topic 842
Operating leases - 2022	$ 30,044
Operating leases - 2023	27,956
Operating leases - 2024	26,550
Operating leases - 2025	23,619
Operating leases - 2026	15,187
Operating leases - later years	50,912
Operating leases - Total	174,268
Less: Imputed interest	(20,154)
Operating lease liabilities	$ 154,114	$ 152,588
Operating Lease Liability Statement Of Financial Position Extensible List	Other liabilities	Other liabilities
Finance lease liabilities under Topic 842
Finance leases - 2022	$ 3,402
Finance leases - 2023	3,491
Finance leases - 2024	3,589
Finance leases - 2025	3,701
Finance leases - 2026	3,350
Finance leases - later years	5,501
Finance leases - Total	23,034
Less: imputed interest	(3,315)
Finance lease liabilities	$ 19,719	$ 22,572
Finance Lease Liability Statement Of Financial Position Extensible List	Other liabilities	Other liabilities

Leases - Lease cost (Details)

Leases - Lease cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Lease Cost [Abstract]
Amortization of ROU assets	$ 2,006	$ 2,215	$ 1,701
Interest on lease liabilities	1,044	1,185	1,194
Operating lease cost	29,970	31,674	30,664
Short-term lease cost	647	214	252
Variable lease cost	93	51	97
Sublease Income	(70)	(113)	(113)
Net gain recognized from sale and lease back transaction	(7,007)	(5,550)	0
Impairment of operating ROU assets	0	14,805	0
Impairment of finance ROU assets	0	1,115	0
Total lease cost	$ 26,683	$ 45,596	$ 33,795

Leases - Supplemental cash flow

Leases - Supplemental cash flow information and other related information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating cash flows from operating leases	$ 38,288	$ 41,650	$ 30,073
Operating cash flows from finance leases	1,044	1,185	1,200
Financing cash flows from finance leases	2,852	3,145	1,726
ROU assets obtained in exchange for new lease obligations - Operating leases	24,136	14,975	28,430
ROU assets obtained in exchange for new lease obligations - Finance leases	$ 0	$ 4,510	$ 661
Weighted average remaining term - Operating leases	7 years 10 months 24 days	8 years	8 years 8 months 12 days
Weighted average remaining lease term - Finance leases	8 years 3 months 18 days	8 years 10 months 24 days	7 years 3 months 18 days
Weighted average discount rate - Operating leases	2.70%	3.00%	3.40%
Weighted average discount rate - Finance leases	5.00%	5.00%	5.90%

Leases - Supplemental cash fl_2

Leases - Supplemental cash flow information and other related information - Subnote (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Lease
Operating lease liabilities		$ 154,114		$ 152,588
Operating ROU assets		$ 141,748		$ 131,921
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List		Other Assets		Other Assets
Branches closure | PB
Lease
Lease termination payment	$ 7,800
Corporate office buildings
Lease
Operating lease liabilities			$ 16,800
Operating ROU assets			$ 16,800

Leases - Additional Information

Leases - Additional Information (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Oct. 27, 2020Branches
Leases [Abstract]
Amortization of ROU assets		$ 2,006	$ 2,215	$ 1,701
Interest on lease liabilities		1,044	$ 1,185	$ 1,194
Undiscounted contract amount operating leases not yet commenced		$ 2,300
Leases
Operating lease contract not yet commenced		20 years
PB | Branches closure
Leases
Asset impairment charges	$ 15,900
Number of branches closed | Branches					11
Minimum
Leases
Remaining lease term of contract		1 month 6 days
Maximum
Leases
Remaining lease term of contract		32 years
Lessee remaining lease renewal term		20 years

Stock-based compensation - Summ

Stock-based compensation - Summary of incentive plan for members of management (Details) - Performance Based Shares - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restricted Stock
Non-vested at beginning of period	358,512	345,365	382,186
Granted	191,479	253,943	218,169
Performance Shares Quantity Adjustment	54,306	(7)	15,061
Vested	(273,974)	(234,421)	(270,051)
Forfeited	(8,440)	(6,368)
Non-vested at end of period	321,883	358,512	345,365
Weighted-Average Grant Date Fair Value
Non-vested at beginning of period	$ 41.23	$ 41.68	$ 36.41
Granted	69.38	42.49	55.55
Performance Shares Quantity Adjustment	54.21	48.79	55.72
Vested	55.11	42.64	44.73
Forfeited	43.48	44.26
Non-vested at end of period	$ 47.98	$ 41.23	$ 41.68

Stock-based compensation - Su_2

Stock-based compensation - Summary of incentive plan for members of the Board of Directors (Details) - Directors - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restricted Stock Award
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Roll Forward
Non-vested at beginning of period	0	0	0
Granted	0	0	1,052
Vested	0	0	(1,052)
Forfeited	0	0	0
Non-vested at end of period	0	0	0
Weighted-Average Grant Date Fair Value
Non-vested at beginning of period	$ 0	$ 0	$ 0
Granted	0	0	49.25
Vested	0	0	49.25
Forfeited	0	0	0
Non-vested at end of period	$ 0	$ 0	$ 0
Restricted Stock Units (RSUs)
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Roll Forward
Non-vested at beginning of period	0	0	0
Granted	20,638	43,866	27,449
Vested	(20,638)	(43,866)	(27,449)
Forfeited	0	0	0
Non-vested at end of period	0	0	0
Weighted-Average Grant Date Fair Value
Non-vested at beginning of period	$ 0	$ 0	$ 0
Granted	78.20	35.47	57.64
Vested	78.20	35.47	57.64
Forfeited	0	0	0
Non-vested at end of period	$ 0	$ 0	$ 0

Stock-based compensation - Addi

Stock-based compensation - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Employee Stock Option
Stock-based compensation
Total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management	$ 8,900
Total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management, period of recognition (in years)	2 years 1 month 6 days
Restricted Stock Award
Stock-based compensation
Windfall Net Of Shortfall	$ 2,500
Restricted Stock Award | Directors
Stock-based compensation
Stock granted	0	0	1,052
Restricted Stock Expense			$ 52
Incentive award, tax benefit			$ 6
Restricted Stock Units (RSUs) | Executive Officers
Stock-based compensation
Stock granted	120,105	213,511	152,773
Restricted Stock Expense	$ 8,600	$ 7,600	$ 7,700
Incentive award, tax benefit	1,600	$ 1,300	$ 1,200
Fair Market Value of stock vested at vesting date	$ 18,600
Stock-Based Compensation, vesting rights	the compensation cost associated with the shares of restricted stock is determined based on a two-prong vesting schedule. The first part is vested ratably over five years commencing at the date of grant (the “graduated vesting portion”) and the second part is vested at termination of employment after attaining 55 years of age and 10 years of service (the “retirement vesting portion”). The graduated vesting portion is accelerated at termination of employment after attaining 55 years of age and 10 years of service. The vesting schedule for restricted shares granted on or after 2014 and prior to 2021 was modified as follows: the graduated vesting portion is vested ratably over four years commencing at the date of the grant and the retirement vesting portion is vested at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service. The graduated vesting portion is accelerated at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service. Restricted stock granted on or after 2021 will vest ratably in equal annual installments over a period of 4 years or 3 years, depending in the classification of the employee.
Restricted Stock Units (RSUs) | Executive Officers | Share Vesting On Grant Date
Stock-based compensation
Fair value of stocks vested at grant date	$ 11,600
Restricted Stock Units (RSUs) | Directors
Stock-based compensation
Stock granted	20,638	43,866	27,449
Restricted Stock Expense	$ 1,900	$ 1,600	$ 1,600
Incentive award, tax benefit	400	$ 300	$ 200
Fair value of stocks vested at grant date	$ 1,600
Performance Based Shares | Minimum
Stock-based compensation
Vested and expected to vest range based on shareholder return	50.00%
Performance Based Shares | Maximum
Stock-based compensation
Vested and expected to vest range based on shareholder return	150.00%
Performance Based Shares | Executive Officers
Stock-based compensation
Stock granted	71,374	40,432	65,396
Restricted Stock Expense	$ 5,800	$ 2,300	$ 4,600
Incentive award, tax benefit	$ 500	$ 200	$ 300
Stock-Based Compensation, vesting rights	The number of shares that will ultimately vest ranges from 50% to a 150% of target based on both market (TSR) and performance (EPS, ROA and ROATCE) conditions. The performance shares vest at the end of the three-year performance cycle. If a participant terminates employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service, the performance shares shall continue outstanding and vest at the end of the performance cycle.

Income taxes - Components of in

Income taxes - Components of income tax expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current income tax expense
Puerto Rico	$ 69,415	$ 33,281	$ 2,251
Federal and States	10,232	3,613	3,598
Subtotal current income tax expense	79,647	36,894	5,849
Deferred income tax expense (benefit)
Puerto Rico	179,688	69,300	123,337
Federal and States	49,683	5,744	17,995
Subtotal deferred income tax expense (benefit)	229,371	75,044	141,332
Income tax expense	$ 309,018	$ 111,938	$ 147,181

Income taxes - Differences betw

Income taxes - Differences between income tax expense (benefit) in Puerto Rico (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Amount
Income tax expense	$ 309,018	$ 111,938	$ 147,181
PR
Amount
Computed income tax at statutory rates	466,465	231,960	306,869
Benefit of net tax exempt interest income	(139,426)	(126,232)	(145,597)
Effect of income subject to preferential tax rate	(11,981)	(10,141)	(9,562)
Deferred tax asset valuation allowance	20,932	15,276	16,992
Difference in tax rates due to multiple jurisdictions	(30,719)	(1,903)	(12,888)
Adjustments in net deferred tax due to change in tax law	0	0	(6,559)
Unrecognized tax benefits	(5,484)	(2,163)	0
State and local taxes	14,629	4,350	4,749
Other	(5,398)	791	(6,823)
Income tax expense	$ 309,018	$ 111,938	$ 147,181
% of pre-tax income
Computed income tax at statutory rates	38.00%	38.00%	38.00%
Benefit of net tax exempt interest income	(12.00%)	(20.00%)	(18.00%)
Effect of income subject to preferential tax rate	(1.00%)	(2.00%)	(1.00%)
Deferred tax asset valuation allowance	2.00%	2.00%	2.00%
Difference in tax rates due to multiple jurisdictions	(3.00%)	0.00%	(2.00%)
Adjustments in net deferred tax due to change in tax law	0.00%	0.00%	(1.00%)
Unrecognized tax benefits	0.00%	0.00%	0.00%
State and local taxes	1.00%	0.00%	1.00%
Others	0.00%	0.00%	(1.00%)
Income tax expense	25.00%	18.00%	18.00%

Income taxes - Components of de

Income taxes - Components of deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets:
Tax credits available for carryforward	$ 3,042	$ 8,272
Net operating loss and other carryforward available	777,495	823,197
Postretirement and pension benefits	57,002	80,179
Deferred loan origination fees	2,788	9,427
Allowance for credit losses	265,372	411,616
Deferred gains	1,642
Accelerated depreciation	12,668	8,829
FDIC-assisted transaction	152,665	152,665
Intercompany deferred gains		1,728
Lease liability	55,105	41,640
Difference in outside basis from pass-through entities	54,781	61,222
Other temporary differences	46,930	46,298
Total gross deferred tax assets	1,429,490	1,645,073
Deferred tax liabilities:
Indefinite-lived intangibles	127,785	111,050
Unrealized net gain (loss) on trading and available-for-sale securities	7,146	75,598
Deferred loan origination fees/cost	3,567
Right of use assets	49,307	36,218
Other temporary differences	45,386	51,416
Total gross deferred tax liabilities	233,191	274,282
Valuation allowance	539,527	520,096
Net deferred tax asset	656,772	850,695
PR
Deferred tax assets:
Tax credits available for carryforward	261	3,003
Net operating loss and other carryforward available	112,331	124,355
Postretirement and pension benefits	57,002	80,179
Deferred loan origination fees	2,788	12,079
Allowance for credit losses	233,500	373,010
Deferred gains	1,642
Accelerated depreciation	5,246	3,439
FDIC-assisted transaction	152,665	152,665
Intercompany deferred gains		1,728
Lease liability	31,211	22,790
Difference in outside basis from pass-through entities	54,781	61,222
Other temporary differences	38,512	38,954
Total gross deferred tax assets	689,939	873,424
Deferred tax liabilities:
Indefinite-lived intangibles	76,635	73,305
Unrealized net gain (loss) on trading and available-for-sale securities	4,329	67,003
Deferred loan origination fees/cost	0
Right of use assets	29,025	20,708
Other temporary differences	43,856	50,247
Total gross deferred tax liabilities	153,845	211,263
Valuation allowance	128,557	112,871
Net deferred tax asset	407,537	549,290
US
Deferred tax assets:
Tax credits available for carryforward	2,781	5,269
Net operating loss and other carryforward available	665,164	698,842
Postretirement and pension benefits	0	0
Deferred loan origination fees	0	(2,652)
Allowance for credit losses	31,872	38,606
Deferred gains	0
Accelerated depreciation	7,422	5,390
FDIC-assisted transaction	0	0
Intercompany deferred gains		0
Lease liability	23,894	18,850
Difference in outside basis from pass-through entities	0	0
Other temporary differences	8,418	7,344
Total gross deferred tax assets	739,551	771,649
Deferred tax liabilities:
Indefinite-lived intangibles	51,150	37,745
Unrealized net gain (loss) on trading and available-for-sale securities	2,817	8,595
Deferred loan origination fees/cost	3,567
Right of use assets	20,282	15,510
Other temporary differences	1,530	1,169
Total gross deferred tax liabilities	79,346	63,019
Valuation allowance	410,970	407,225
Net deferred tax asset	$ 249,235	$ 301,405

Income taxes - Net operating lo

Income taxes - Net operating loss carryfowards (Details) $ in Thousands	Dec. 31, 2021USD ($)
Operating Loss Carryforwards
Net operating loss and other carryforward available	$ 777,495
Tax Year 2022
Operating Loss Carryforwards
Net operating loss and other carryforward available	396
Tax Year 2023
Operating Loss Carryforwards
Net operating loss and other carryforward available	1,363
Tax Year 2024
Operating Loss Carryforwards
Net operating loss and other carryforward available	9,310
Tax Year 2025
Operating Loss Carryforwards
Net operating loss and other carryforward available	13,516
Tax Year 2026
Operating Loss Carryforwards
Net operating loss and other carryforward available	13,367
Tax Year 2027
Operating Loss Carryforwards
Net operating loss and other carryforward available	15,202
Tax Year 2028
Operating Loss Carryforwards
Net operating loss and other carryforward available	288,395
Tax Year 2029
Operating Loss Carryforwards
Net operating loss and other carryforward available	119,297
Tax Year 2030
Operating Loss Carryforwards
Net operating loss and other carryforward available	120,255
Tax Year 2031
Operating Loss Carryforwards
Net operating loss and other carryforward available	117,210
Tax Year 2032
Operating Loss Carryforwards
Net operating loss and other carryforward available	22,758
Tax Year 2033
Operating Loss Carryforwards
Net operating loss and other carryforward available	10,749
Tax Year 2034
Operating Loss Carryforwards
Net operating loss and other carryforward available	44,473
Tax Year 2035
Operating Loss Carryforwards
Net operating loss and other carryforward available	1,079
Tax Year 2036
Operating Loss Carryforwards
Net operating loss and other carryforward available	$ 125

Income taxes - Reconciliation o

Income taxes - Reconciliation of unrecognized tax benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure
Beginning Balance	$ 14.8	$ 16.3
Reduction as a result of lapse of statute of limitations	(11.3)	(1.5)
Ending Balance	$ 3.5	$ 14.8

Income taxes - Additional Infor

Income taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Taxes
Valuation allowance	$ 539,527	$ 520,096
Net deferred tax assets (net of valuation allowance)	657,597	851,592
Net deferred tax asset	656,772	850,695
Unrecognized tax benefits, accrued interest	2,800	4,800
Recognized Tax Benefits Current Interest On Income Taxes Accrued	892	2,000
Total amount of unrecognized tax benefits, that if recognized, would affect effective tax rate	5,500	10,200
Unrecognized Tax Benefits Expected Decreases Resulting From Settlements With Taxing Authorities	1,400
Income tax expense	309,018	111,938	$ 147,181
Interest Expense Reduction Due To Expiration Of The Statue Of Limitations	2,900	645	26,000
Other liabilities
Income Taxes
Net deferred tax liabilities	825	897
PR
Income Taxes
Valuation allowance	128,557	112,871
Net deferred tax asset	$ 407,537	549,290
Dividends Received Deduction From Controlled Subsidiary Percentage	100.00%
Dividends Received Deductions From Other Taxable Domestic Corporations Percentage	85.00%
Income tax expense	$ 309,018	111,938	$ 147,181
US
Income Taxes
Valuation allowance	410,970	407,225
Net deferred tax asset	249,235	$ 301,405
Deferred Tax Assets	$ 660,000

Supplemental disclosure on th_3

Supplemental disclosure on the consolidated statments of cash flows - Non-cash activities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Supplemental Cash Flow Information
Income taxes paid	$ 64,997	$ 13,045	$ 14,461
Interest Paid	170,442	240,342	369,383
Non-cash activities:
Loans transferred to other real estate	57,638	14,464	67,056
Loans transferred to other property	45,144	48,614	53,286
Total loans transferred to foreclosed assets	102,782	63,078	120,342
Loans transfered to other assets	7,219	7,117	16,503
Financed sales of other real estate assets	13,014	15,606	15,907
Financed sales of other foreclosed assets	43,060	34,492	30,840
Total financed sales of foreclosed assets	56,074	50,098	46,747
Financed sale of premises and equipment	31,085	31,350	0
Transfers from premises and equipment to long-lived assets held-for-sale	32,103	0	0
Transfers from loans held-in-portfolio to loans held-for-sale	69,890	82,299	0
Transfers from loans held-for-sale to loans held-in-portfolio	9,762	20,153	7,829
Loans securitized into investment securities	732,533	508,071	458,758
Trades receivables from brokers and counterparties	64,824	64,092	39,364
Trades payable to brokers and counterparties	13,789	720,212	4,084
Recognition of mortgage servicing rights on securitizations or asset transfers	13,391	9,544	9,143
Loans booked under the GNMA buy-back option	19,798	24,244	72,480
Capitalization Of Right Of Use Assets	$ 35,683	$ 29,692	$ 189,097

Supplemental disclosure on th_4

Supplemental disclosure on the consolidated statments of cash flows - Cash and due from banks, and restricted cash (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Supplemental Cash Flow Information
Cash and due from banks	$ 411,346	$ 484,859	$ 361,705
Restricted cash and due from banks	17,087	6,206	26,606
Restricted cash in money market investments	6,079	6,029	6,012
Total cash and due from banks, and restricted cash	$ 434,512	$ 497,094	$ 394,323	$ 403,251

Segment reporting - Results of

Segment reporting - Results of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information
Net Interest income (expense)	$ 1,957,590	$ 1,856,613	$ 1,891,694
Provision for credit losses (benefit)	(193,464)	292,536	165,779
Non interest Income	642,128	512,312	569,883
Amortization of intangibles	9,134	6,397	9,370
Depreciation expense	55,104	58,452	58,067
Other operating expenses	1,485,037	1,392,980	1,410,045
Income tax expense (benefit)	309,018	111,938	147,181
Net income (loss) from continuing operations	934,889	506,622	671,135
Segment assets	75,097,899	65,926,000	52,115,324
Reportable Segment
Segment Reporting Information
Net Interest income (expense)	1,995,749	1,896,127	1,929,369
Provision for credit losses (benefit)	(193,249)	292,441	165,523
Non interest Income	589,280	469,625	529,338
Amortization of intangibles	3,478	6,299	9,274
Depreciation expense	53,954	57,448	57,321
Other operating expenses	1,489,307	1,397,678	1,413,130
Income tax expense (benefit)	310,017	113,622	148,309
Net income (loss) from continuing operations	921,522	498,264	665,150
Segment assets	74,704,219	65,575,645	51,794,604
Intersegment Elimination
Segment Reporting Information
Net Interest income (expense)	6	11	(51)
Provision for credit losses (benefit)	0	0	0
Non interest Income	(548)	(553)	(561)
Amortization of intangibles	0	0	0
Depreciation expense	0	0	0
Other operating expenses	(544)	(544)	(547)
Income tax expense (benefit)	0	0	0
Net income (loss) from continuing operations	2	2	(65)
Segment assets	(31,528)	(33,935)	(18,576)
Corporate
Segment Reporting Information
Net Interest income (expense)	(38,159)	(39,514)	(37,675)
Provision for credit losses (benefit)	(215)	95	256
Non interest Income	56,535	46,442	43,901
Amortization of intangibles	5,656	98	96
Depreciation expense	1,150	1,004	746
Other operating expenses	(545)	(1,212)	55
Income tax expense (benefit)	(1,085)	(1,560)	(1,041)
Net income (loss) from continuing operations	13,415	8,503	6,114
Segment assets	5,458,718	5,214,439	5,228,276
Eliminations
Segment Reporting Information
Net Interest income (expense)	0	0	0
Provision for credit losses (benefit)	0	0	0
Non interest Income	(3,687)	(3,755)	(3,356)
Amortization of intangibles	0	0	0
Depreciation expense	0	0	0
Other operating expenses	(3,725)	(3,486)	(3,140)
Income tax expense (benefit)	86	(124)	(87)
Net income (loss) from continuing operations	(48)	(145)	(129)
Segment assets	(5,065,038)	(4,864,084)	(4,907,556)
Banco Popular de Puerto Rico | Reportable Segment
Segment Reporting Information
Net Interest income (expense)	1,674,589	1,593,599	1,633,950
Provision for credit losses (benefit)	(136,352)	210,955	135,495
Non interest Income	565,310	445,893	506,739
Amortization of intangibles	2,813	5,634	8,610
Depreciation expense	46,539	47,890	49,058
Other operating expenses	1,285,959	1,169,816	1,208,458
Income tax expense (benefit)	253,479	106,211	129,145
Net income (loss) from continuing operations	787,461	498,986	609,923
Segment assets	64,336,681	55,353,626	41,756,864
Banco Popular de Puerto Rico | Reportable Segment | Commercial Banking
Segment Reporting Information
Net Interest income (expense)	734,501	653,091	619,926
Provision for credit losses (benefit)	(85,990)	47,905	(46,099)
Non interest Income	118,126	100,329	99,758
Amortization of intangibles	290	197	195
Depreciation expense	20,512	20,488	20,024
Other operating expenses	377,563	303,534	309,762
Income tax expense (benefit)	180,874	104,617	104,636
Net income (loss) from continuing operations	359,378	276,679	331,166
Segment assets	64,994,081	49,806,766	34,340,842
Banco Popular de Puerto Rico | Reportable Segment | Consumer and Retail Banking
Segment Reporting Information
Net Interest income (expense)	934,611	927,165	1,009,196
Provision for credit losses (benefit)	(50,362)	163,050	181,594
Non interest Income	343,125	249,464	303,268
Amortization of intangibles	2,110	3,609	4,294
Depreciation expense	25,386	26,746	28,411
Other operating expenses	818,503	782,521	835,582
Income tax expense (benefit)	66,616	(5,934)	11,999
Net income (loss) from continuing operations	415,483	206,637	250,584
Segment assets	31,313,708	29,000,270	23,976,004
Banco Popular de Puerto Rico | Reportable Segment | Other Financial Services
Segment Reporting Information
Net Interest income (expense)	5,477	13,343	4,828
Provision for credit losses (benefit)	0	0	0
Non interest Income	109,018	97,443	106,218
Amortization of intangibles	609	1,828	4,121
Depreciation expense	641	656	623
Other operating expenses	91,652	85,122	65,631
Income tax expense (benefit)	5,989	7,528	12,510
Net income (loss) from continuing operations	15,604	15,652	28,161
Segment assets	2,038,402	2,218,444	380,557
Banco Popular de Puerto Rico | Reportable Segment | Eliminations
Segment Reporting Information
Net Interest income (expense)	0	0	0
Provision for credit losses (benefit)	0	0	0
Non interest Income	(4,959)	(1,343)	(2,505)
Amortization of intangibles	(196)	0	0
Depreciation expense	0	0	0
Other operating expenses	(1,759)	(1,361)	(2,517)
Income tax expense (benefit)	0	0	0
Net income (loss) from continuing operations	(3,004)	18	12
Segment assets	(34,009,510)	(25,671,854)	(16,940,539)
PB | Reportable Segment
Segment Reporting Information
Net Interest income (expense)	321,154	302,517	295,470
Provision for credit losses (benefit)	(56,897)	81,486	30,028
Non interest Income	24,518	24,285	23,160
Amortization of intangibles	665	665	664
Depreciation expense	7,415	9,558	8,263
Other operating expenses	203,892	228,406	205,219
Income tax expense (benefit)	56,538	7,411	19,164
Net income (loss) from continuing operations	134,059	(724)	55,292
Segment assets	$ 10,399,066	$ 10,255,954	$ 10,056,316

Segment reporting - Geographic

Segment reporting - Geographic information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information
Net Revenue	$ 2,599,718	$ 2,368,925	$ 2,461,577
PR
Segment Reporting Information
Net Revenue	2,136,481	1,921,207	2,016,089
US
Segment Reporting Information
Net Revenue	390,201	376,529	371,368
Other
Segment Reporting Information
Net Revenue	$ 73,036	$ 71,189	$ 74,120

Segment reporting - Selected Ba

Segment reporting - Selected Balance Sheet information (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information
Assets	$ 75,097,899	$ 65,926,000	$ 52,115,324
Deposits	67,005,088	56,866,340
Puerto Rico
Segment Reporting Information
Assets	63,221,282	54,143,954	40,544,255
Loans	19,770,118	20,413,112	18,989,286
Deposits	57,211,608	47,586,880	34,664,243
Popular U.S.
Segment Reporting Information
Assets	10,986,055	10,878,030	10,693,536
Loans	8,903,493	8,396,983	7,819,187
Deposits	7,777,232	7,672,549	7,664,792
Other
Segment Reporting Information
Assets	890,562	904,016	877,533
Loans	626,115	674,556	657,603
Deposits	$ 2,016,248	$ 1,606,911	$ 1,429,571

Segment Reporting - Additional

Segment Reporting - Additional Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)units	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Segment Reporting Information
Number Of Operating Segments | units	2
Factors Used To Identify Entitys Reportable Segments	Banco Popular de Puerto Rico and Popular U.S. Management determined the reportable segments based on the internal reporting used to evaluate performance and to assess where to allocate resources.
Net Revenue	$ 2,599,718	$ 2,368,925	$ 2,461,577
Assets	75,097,899	65,926,000	52,115,324
US
Segment Reporting Information
Net Revenue	390,201	376,529	371,368
Assets	10,986,055	10,878,030	10,693,536
Other
Segment Reporting Information
Net Revenue	73,036	71,189	74,120
Assets	890,562	904,016	877,533
Banco Popular de Puerto Rico | US
Segment Reporting Information
Net Revenue	50,600	55,300	55,700
Assets	589,000	627,000
Banco Popular de Puerto Rico | Other
Segment Reporting Information
Net Revenue	$ 45,400	$ 44,200	$ 47,600

Popular, Inc. (Holding compan_2

Popular, Inc. (Holding company only) financial information (Statement of Condition) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks (includes $79,660 due from bank subsidiary (2020 - $69,299))	$ 428,433	$ 491,065
Money market investments	17,536,719	11,640,880
Debt securities held-to-maturity, at amortized cost (includes $3,125 in common securities from statutory trusts (2020 - $8,726))	79,461	92,621
Equity securities, at lower of cost or realizable value	189,977	173,737
Less - Allowance for credit losses	695,366	896,250	$ 477,708
Premises and equipment	494,240	510,241
Investments under the equity method	298,988	250,467
Assets	75,097,899	65,926,000	52,115,324
LIABILITIES AND STOCKHOLDERS' EQUITY
Notes payable	988,563	1,224,981
Other liabilities (includes $6,591 due to subsidiaries and affiliate (2020 - $3,779))	70,967	73,560
Stockholders' equity	5,969,397	6,028,687	$ 6,016,779	$ 5,435,057
Total liabilities and stockholders' equity	75,097,899	65,926,000
Popular, Inc. Holding Co.
ASSETS
Cash and due from banks (includes $79,660 due from bank subsidiary (2020 - $69,299))	79,660	69,299
Money market investments	205,646	111,596
Debt securities held-to-maturity, at amortized cost (includes $3,125 in common securities from statutory trusts (2020 - $8,726))	3,125	8,726
Equity securities, at lower of cost or realizable value	19,711	16,049
Other loans	29,445	31,473
Less - Allowance for credit losses	96	311
Premises and equipment	5,684	5,322
Investments under the equity method	114,955	88,272
Other assets (includes $6,802 due from subsidiaries and affiliate (2020 - $5,518))	32,810	35,002
Assets	6,473,308	6,697,156
LIABILITIES AND STOCKHOLDERS' EQUITY
Notes payable	401,990	587,386
Other liabilities (includes $6,591 due to subsidiaries and affiliate (2020 - $3,779))	101,923	81,148
Stockholders' equity	5,969,395	6,028,622
Total liabilities and stockholders' equity	6,473,308	6,697,156
Popular, Inc. Holding Co. | BPPR and subsidiaries
ASSETS
Investment in subsidiaries, at equity	3,858,701	4,327,188
Popular, Inc. Holding Co. | Popular North America and subsidiaries
ASSETS
Investment in subsidiaries, at equity	1,834,931	1,733,411
Popular, Inc. Holding Co. | Other non-bank subsidiaries
ASSETS
Investment in subsidiaries, at equity	$ 288,736	$ 271,129

Popular, Inc. (Holding compan_3

Popular, Inc. (Holding company only) financial information (Statement of Condition) (Parenthetical) (Details) - Popular, Inc. Holding Co. - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Assets:
Cash and due from bank subsidiary	$ 79,660	$ 69,299
Common securities from statutory trusts	3,125	8,726
Other assets due from subsidiaries and affiliate	6,802	5,518
Other liabilities due to subsidiaries and affiliate	$ 6,591	$ 3,779

Popular, Inc. (Holding compan_4

Popular, Inc. (Holding company only) financial information (Statement of Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income:
Net (loss) gain, including impairment, on equity securities	$ 131	$ 6,279	$ 2,506
Expenses
Interest expense	165,047	234,938	369,099
Provision for credit losses (benefit)	(193,464)	292,536	165,779
Income before income taxes and equity in undistributed earnings (losses) of subsidiaries	1,243,907	618,560	818,316
Income tax expense	309,018	111,938	147,181
Net income	934,889	506,622	671,135
Comprehensive income, net of tax	419,829	866,551	929,171
Popular, Inc. Holding Co.
Income:
Dividends from subsidiaries	792,000	586,000	408,000
Interest income (includes $828 due from subsidiaries and affiliates (2020 - $2,290; 2019 - $4,237))	4,303	4,949	6,669
Earnings from investments in equity method investees	29,387	17,841	17,279
Other operating income	0	1	1
Net (loss) gain, including impairment, on equity securities	(525)	1,494	988
Total income	825,165	610,285	432,937
Expenses
Interest expense	36,444	38,528	38,528
Provision for credit losses (benefit)	(215)	95	256
Operating expense (income) (includes expenses for services provided by subsidiaries and affiliate of $13,546 (2020 - $13,140 ; 2019 - $14,400)), net of reimbursement by subsidiaries for services provided by parent of $162,019 (2020 - $138,729 ; 2019 - $106,725)	5,432	(921)	80
Total expense	41,661	37,702	38,864
Income before income taxes and equity in undistributed earnings (losses) of subsidiaries	783,504	572,583	394,073
Income tax expense	352	17	0
Income before equity in undistributed earnings (losses) of subsidiaries	783,152	572,566	394,073
Equity in undistributed earnings (losses) of subsidiaries	151,737	(65,944)	277,062
Net income	934,889	506,622	671,135
Comprehensive income, net of tax	$ 419,829	$ 866,551	$ 929,171

Popular, Inc. (Holding compan_5

Popular, Inc. (Holding company only) financial information (Statement of Operations) (Parenthetical) (Details) - Popular, Inc. Holding Co. - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues
Interest income from subsidiaries and affiliate	$ 828	$ 2,290	$ 4,237
Expenses
Operating expenses for services by subsidiaries and affiliates	13,546	13,140	14,400
Expense reimbursement by subsidiaries for services provided by parent	$ 162,019	$ 138,729	$ 106,725

Popular, Inc. (Holding compan_6

Popular, Inc. (Holding company only) financial information (Statement of Cash Flows) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 934,889	$ 506,622	$ 671,135
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses (benefit)	(193,464)	292,536	165,779
Amortization of intangibles	9,134	6,397	9,370
Net accretion of discounts and amortization of premiums and deferred fees	(21,962)	(63,300)	(158,070)
Share-based compensation	17,774	8,254	12,303
Earnings from investments under the equity method, net of dividends or distributions	(50,942)	(27,738)	(28,011)
Sale of foreclosed assets, including write-downs	(30,098)	(19,958)	(21,982)
Net (increase) decrease in:
Equity securities	(2,336)	(8,263)	(8,032)
Net (decrease) increase in:
Interest payable	(5,395)	(5,404)	(284)
Other liabilities	22,802	(106,736)	(116,443)
Total adjustments	70,269	172,150	34,232
Net cash provided by operating activities	1,005,158	678,772	705,367
Cash flows from investing activities:
Net (increase) decrease in money market investments	(5,895,789)	(8,378,577)	905,558
Proceeds from calls, paydowns, maturities and redemptions of investment securities held-to-maturity	15,700	6,733	5,913
Return of capital from equity method investments	6,362	959	6,942
Acquisition of premises and equipment	72,781	60,073	75,665
Proceeds from sale of premises and equipment	21,482	26,548	18,608
Proceeds from sale of foreclosed assets	86,942	77,521	107,881
Net cash (used in) provided by investing activities	(10,518,650)	(13,068,146)	(4,169,852)
Cash flows from financing activities:
Payment of notes payable	(237,713)	(139,920)	(210,377)
Proceeds from notes payable	0	261,999	75,000
Proceeds from issuance of common stock	4,674	9,093	8,719
Payments for repurchase of redeemable preferred stock	0	(28,017)	0
Dividends paid	(141,466)	(133,645)	(115,810)
Net payments for repurchase of common stock	(350,535)	(500,479)	(250,581)
Payments related to tax witholding for share-based compensation	(5,115)	(3,693)	(5,431)
Net cash used in financing activities	9,450,910	12,492,145	3,455,557
Net increase (decrease) in cash and due from banks, and restricted cash	(62,582)	102,771	(8,928)
Cash and due from banks and restricted cash at beginning of period	497,094	394,323	403,251
Cash and due from banks and restricted cash at end of period	434,512	497,094	394,323
Popular, Inc. Holding Co.
Cash flows from operating activities:
Net income	934,889	506,622	671,135
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in (earnings) losses of subsidiaries, net of dividends or distributions	(151,737)	65,944	(277,062)
Provision for credit losses (benefit)	(215)	95	256
Amortization of intangibles	5,656	98	96
Net accretion of discounts and amortization of premiums and deferred fees	1,241	1,233	1,240
Share-based compensation	8,895	5,770	7,927
Earnings from investments under the equity method, net of dividends or distributions	(26,360)	(15,510)	(14,948)
Sale of foreclosed assets, including write-downs	59	0	0
Net (increase) decrease in:
Equity securities	(3,662)	(5,305)	(4,051)
Other assets	(1,970)	(8,327)	1,134
Net (decrease) increase in:
Interest payable	(1,042)	0	0
Other liabilities	19,095	2,470	2,508
Total adjustments	(150,040)	46,468	(282,900)
Net cash provided by operating activities	784,849	553,090	388,235
Cash flows from investing activities:
Net (increase) decrease in money market investments	(94,000)	110,000	(45,000)
Proceeds from calls, paydowns, maturities and redemptions of investment securities held-to-maturity	5,601	0	0
Net repayments on other loans	1,879	587	677
Capital contribution to subsidiaries	(12,900)	(10,000)	(9,000)
Return of capital from wholly owned subsidiaries	0	12,500	13,000
Return of capital from equity method investments	0	131	0
Acquisition of premises and equipment	(1,788)	(2,667)	(1,289)
Proceeds from sale of premises and equipment	83	285	3
Proceeds from sale of foreclosed assets	87	0	0
Net cash (used in) provided by investing activities	(101,038)	110,836	(41,609)
Cash flows from financing activities:
Payment of notes payable	(186,664)	0	0
Proceeds from issuance of common stock	10,493	15,175	13,451
Payments for repurchase of redeemable preferred stock	0	(28,017)	0
Dividends paid	(141,466)	(133,645)	(115,810)
Net payments for repurchase of common stock	(350,656)	(500,705)	(250,571)
Payments related to tax witholding for share-based compensation	(5,107)	(3,394)	(5,420)
Net cash used in financing activities	(673,400)	(650,586)	(358,350)
Net increase (decrease) in cash and due from banks, and restricted cash	10,411	13,340	(11,724)
Cash and due from banks and restricted cash at beginning of period	69,894	56,554	68,278
Cash and due from banks and restricted cash at end of period	$ 80,305	$ 69,894	$ 56,554

Popular, Inc. (Holding compan_7

Popular, Inc. (Holding company only) financial information (Notes payable by contractual maturities) (Details) - Notes payable - Popular, Inc. Holding Co. $ in Thousands	Dec. 31, 2021USD ($)
Debt Disclosure
2022	$ 0
2023	297,842
2024	0
2025	0
2026	0
Later years	104,148
Total	$ 401,990

Popular, Inc. (Holding compan_8

Popular, Inc. (Holding company only) financial information - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
BHD LEON
Dividends distribution	$ 4,300,000	$ 13,200,000
Popular, Inc. Holding Co. | Equity Method Investee
Dividends distribution	2,300,000	2,300,000	$ 2,300,000
Dividends and others received	3,000,000	2,300,000	2,300,000
Popular, Inc. Holding Co. | BHD LEON
Dividends distribution	$ 0	$ 12,500,000	$ 13,000,000

Subsequent events- Additional I

Subsequent events- Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	2 Months Ended
	Feb. 28, 2022	Feb. 24, 2022	Dec. 31, 2021	May 03, 2021	Jan. 30, 2020
Accelerate share repurchase
Subsequent Events
Stock repurchase program authorized amount				$ 350	$ 500
EVERTEC Assets | Master service agreement
Subsequent Events
Business acquisition, ownership percentage			16.20%
Annual MSA CPI Escalation cap			5.00%
Subsequent event | Accelerate share repurchase
Subsequent Events
Stock repurchase program authorized amount	$ 400
Subsequent event | Accelerate share repurchase | Treasury stock
Subsequent Events
shareholders equity increase decrease recognized during the period	(320)
Subsequent event | Accelerate share repurchase | Capital surplus
Subsequent Events
shareholders equity increase decrease recognized during the period	$ (80)
Subsequent event | EVERTEC Assets | Master service agreement
Subsequent Events
Business acquisition, ownership percentage		10.50%
Business acquisition, aggregated equity value		$ 197
The calculation basis of each common stock per share of acquiree		$ 42.84
Subsequent event | EVERTEC Assets | Second Amended and Restated Master Service Agreement
Subsequent Events
Business Combination, Contingent Consideration Arrangements, Description		The Annual Minimum will equal (i) $170 million for each one-year period from the effective date of the Second A&R MSA through September 30, 2025; (ii) $165 million for each one-year period from October 1, 2025 through September 30, 2026; and (iii) $160 million for each one-year period from October 1, 2026 through September 30, 2028 (in each case, pro-rated for any partial one-year period).
Subsequent event | EVERTEC Assets | Second Amended and Restated Master Service Agreement | From the effective date through September 30, 2025
Subsequent Events
Minimum Annual Revenue of Acquiree		$ 170
Annual MSA CPI Escalation cap		1.50%
Subsequent event | EVERTEC Assets | Second Amended and Restated Master Service Agreement | From October 1, 2025 through September 30, 2026
Subsequent Events
Minimum Annual Revenue of Acquiree		$ 165
Service fees discount		10.00%
Subsequent event | EVERTEC Assets | Second Amended and Restated Master Service Agreement | From October 1, 2026 through September 30, 2028
Subsequent Events
Minimum Annual Revenue of Acquiree		$ 160
Subsequent event | EVERTEC Assets | Second Amended and Restated Master Service Agreement | From October 1, 2025 through September 30, 2028
Subsequent Events
Annual MSA CPI Escalation cap		2.00%
Subsequent event | EVERTEC Assets | Registration Rights Agreement
Subsequent Events
Maximum voting securities of EVERTEC a transferee that would control		50.00%
Maximum acquiree Common Stock issued and outstanding allow to sell percent		4.99%
Percent of shares owned in excess allowed for share conversion		4.50%
Maximum outstanding securities of any class of voting securities of EVERTEC that transferee (or group of associated transferees) would receive		2.00%
Business Combination, Contingent Consideration Arrangements, Description		The Non-Voting Preferred Stock will have identical rights and privileges as EVERTEC Common Stock, except that the Non-Voting Preferred Stock will be non-voting other than limited protective voting rights and will automatically convert into shares of EVERTEC Common Stock in the hands of a transferee after a transfer (i) in a widespread public distribution, (ii) to EVERTEC, (iii) in which no transferee (or group of associated transferees) would receive 2% or more of the outstanding securities of any class of voting securities of EVERTEC or (iv) to a transferee that would control more than 50% of every class of voting securities of EVERTEC without any such transfer.
Subsequent event | EVERTEC Assets | Other Commercial Agreements
Subsequent Events
Business Combination, Contingent Consideration Arrangements, Description		At the Closing, certain other commercial agreements will be entered into by and between Popular or BPPR (or both) and EVERTEC or EVERTEC Group, Inc., including (i) a Second Amended and Restated Independent Sales Organization Sponsorship and Services Agreement, pursuant to which BPPR will continue to sponsor EVERTEC Group as an independent sales organization with various credit card associations and will receive revenue sharing on a percentage of the net revenues of EVERTEC Group’s merchant acquiring business and person-to-business merchant services business, for an initial term commencing on the date of the Closing and ending on December 31, 2035 (a ten-year extension of the term of the currently effective agreement), and (ii) a Second Amended and Restated ATH Network Participation Agreement, pursuant to which BPPR will continue to be required to issue ATH-branded debit cards and may issue dual-branded debit cards having certain enhanced functionalities and will continue to have the ability to access the ATH Network and BPPR’s customers will continue to be able to access EVERTEC Group’s ATH Movil person-to-person and person-to-business services, for an initial term commencing on the date of the Closing and ending on September 30, 2030 (a five-year extension of the term of the currently effective agreement).