Popular (BPOP) 10-Q 10 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	May 05, 2022
Cover [Abstract]
Document Type	10-Q
Document quarterly report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
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	Popular Center Building
Entity Address Address Line 2	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
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		76,572,954
Entity Central Index Key	0000763901
Amendment Flag	false
Current Fiscal Year End Date	--12-31
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

CONSOLIDATED STATEMENTS OF COND

CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets:
Cash and due from banks	$ 439,148	$ 428,433
Money market investments:
Time deposits with other banks	10,069,692	17,536,719
Total money market investments	10,069,692	17,536,719
Trading account debt securities, at fair value:
Pledged securities with creditors' right to repledge	0	0
Other trading account debt securities	36,042	29,711
Debt securities available-for-sale, at fair value:
Pledged securities with creditors' right to repledge	72,639	93,330
Other debt securities available-for-sale	26,287,276	24,874,939
Debt securities held-to-maturity, at amortized cost (fair value 2022 - $75,882; 2021 - $83,368)	75,984	79,461
Less - Allowance for credit losses	7,844	8,096
Debt securities held-to-maturity, net	68,140	71,365
Equity securities (realizable value 2022 - $187,137; 2021 - $192,345)	186,348	189,977
Loans held-for-sale, at lower of cost or fair value	55,150	59,168
Loans held-in-portfolio	29,856,356	29,506,225
Less - Unearned income	268,166	265,668
Allowance for credit losses	677,792	695,366
Total loans held-in-portfolio, net	28,910,398	28,545,191
Premises and equipment, net	488,390	494,240
Other real estate	90,567	85,077
Accrued income receivable	204,466	203,096
Mortgage servicing rights, at fair value	125,358	121,570
Other assets	1,755,847	1,628,571
Goodwill	720,293	720,293
Other intangible assets	15,328	16,219
Total assets	69,525,082	75,097,899
Deposits:
Non-interest bearing	16,096,666	15,684,482
Interest bearing	46,765,629	51,320,606
Total deposits	62,862,295	67,005,088
Assets sold under agreements to repurchase	72,819	91,603
Other short-term borrowings	0	75,000
Notes payable	987,887	988,563
Other liabilities	930,835	968,248
Total liabilities	64,853,836	69,128,502
Commitments and contingencies
Stockholders' equity:
Preferred stock, 30,000,000 shares authorized; 885,726 shares issued and outstanding (2021 - 885,726)	22,143	22,143
Common stock, $0.01 par value; 170,000,000 shares authorized;104,594,794 shares issued (2021 - 104,579,334) and 76,487,523 shares outstanding (2021 - 79,851,169)	1,046	1,046
Surplus	4,571,111	4,650,182
Retained earnings	3,143,004	2,973,745
Treasury stock - at cost, 28,107,271 shares (2021 - 24,728,165)	(1,668,820)	(1,352,650)
Accumulated other comprehensive loss, net of tax	(1,397,238)	(325,069)
Total stockholders' equity	4,671,246	5,969,397
Total liabilities and stockholders' equity	$ 69,525,082	$ 75,097,899

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF CONDITION (PARENTHETICAL) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Held to maturity securities fair value	$ 75,882	$ 83,368
Realizable Value Of Equity Securities	$ 187,137	$ 192,345
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	104,594,794	104,579,334
Common Stock Shares Outstanding	76,487,523	79,851,169
Treasury stock	28,107,271	24,728,165

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest income:
Loans	$ 426,791	$ 434,649
Money market investments	6,464	3,112
Investment securities	96,466	85,690
Total interest income	529,721	523,451
Interest expense:
Deposits	24,783	30,201
Short-term borrowings	80	143
Long-term debt	10,546	13,995
Total interest expense	35,409	44,339
Net interest income	494,312	479,112
Provision for credit losses (benefit)	(15,500)	(82,226)
Net interest income after provision for credit losses (benefit)	509,812	561,338
Non-interest income:
Mortgage banking activities	12,865	17,343
Net (loss) gain, including impairment, on equity securities	(2,094)	421
Net loss on trading account debt securities	(723)	(45)
Indemnity reserves on loans sold expense	(745)	(698)
Other operating income	27,542	26,384
Total non-interest income	154,692	153,653
Operating expenses:
Personnel costs	166,996	159,479
Net occupancy expenses	24,723	26,013
Equipment expenses	23,479	21,575
Other taxes	15,715	13,959
Professional fees	108,497	99,948
Communications	6,147	6,833
Business promotion	15,083	12,521
FDIC deposit insurance	7,372	5,968
Other real estate owned (OREO) income	(2,713)	(4,533)
Other operating expenses	36,149	32,714
Amortization of intangibles	891	1,051
Total operating expenses	402,339	375,528
Income before income tax	262,165	339,463
Income tax expense	50,479	76,831
Net Income	211,686	262,632
Net Income Applicable to Common Stock	$ 211,333	$ 262,279
Net Income per Common Share - Basic	$ 2.69	$ 3.13
Net Income per Common Share - Diluted	$ 2.69	$ 3.12
Service charges on deposit accounts
Non-interest income:
Revenue from contract with customer	$ 40,713	$ 39,620
Other services
Non-interest income:
Revenue from contract with customer	$ 77,134	$ 70,628

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Income and Comprehensive Income
Net income	$ 211,686	$ 262,632
Other comprehensive (loss) income before tax:
Foreing currency translation adjustment	(2,858)	569
Adjustment of pension and postretirement benefit plans	2,030	0
Amortization of net losses of pension and postretirement benefit plans	3,911	5,190
Unrealized holding losses on debt securities arising during the period	(1,219,023)	(397,327)
Unrealized net gains on cash flow hedges	3,888	2,223
Reclassification adjustment for net gains included in net income	(699)	(91)
Other comprehensive loss before tax	(1,212,751)	(389,436)
Income tax benefit	140,582	24,707
Total other comprehensive loss, net of tax	(1,072,169)	(364,729)
Comprehensive loss, net of tax	$ (860,483)	$ (102,097)

TAX EFFECT ALLOCATED TO EACH CO

TAX EFFECT ALLOCATED TO EACH COMPONENT OF OTHER COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Statement of Income and Comprehensive Income
Adjustment of pension and postretirement benefit plans	$ (761)	$ 0
Amortization of net losses of pension and postretirement benefit plans	(1,467)	(1,948)
Unrealized holding losses on debt securities arising during the period	143,193	27,382
Unrealized net gains on cash flow hedges	(749)	(866)
Reclassification adjustment for net gains included in net income	366	139
Income tax benefit	$ 140,582	$ 24,707

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands		Total	Common Stock	Preferred Stock	Capital surplus	Retained earnings	Treasury stock	Accumulated other comprehensive income (loss)
Beginning 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
Net income		262,632				262,632
Issuance of stock		1,118			1,118
Dividends declared:
Common stock	[1]	(33,754)				(33,754)
Preferred stock		(353)				(353)
Common stock purchases		(3,942)					(3,942)
Stock based compensation		7,900			(733)		8,633
Other comprehensive loss, net of tax		(364,729)						(364,729)
Ending balance at Mar. 31, 2021		5,897,559	1,045	22,143	4,571,919	2,489,453	(1,012,263)	(174,738)
Beginning balance at Dec. 31, 2021		5,969,397	1,046	22,143	4,650,182	2,973,745	(1,352,650)	(325,069)
Increase Decrease In Stockholders Equity
Net income		211,686				211,686
Issuance of stock		1,199			1,199
Dividends declared:
Common stock	[1]	(42,074)				(42,074)
Preferred stock		(353)				(353)
Common stock purchases	[2]	(404,920)			(80,000)		(324,920)
Stock based compensation		8,480			(270)		8,750
Other comprehensive loss, net of tax		(1,072,169)						(1,072,169)
Ending balance at Mar. 31, 2022		$ 4,671,246	$ 1,046	$ 22,143	$ 4,571,111	$ 3,143,004	$ (1,668,820)	$ (1,397,238)
[1]	Dividends declared per common share during the quarter ended March 31, 2022 - $ 0.55 (2021 - $ 0.40).
[2]	During the quarter ended March 31, 2022, the Corporation entered into a $ 400 million accelerated share repurchase transaction with respect to its common stock. Refer to Note 17 for additional information.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Feb. 28, 2022
Dividends Declared per Common Share	$ 0.55	$ 0.40
Accelerate share repurchase
Stock Repurchase Program Authorized Amount	$ 400		$ 400

DISCLOSURE OF CHANGES IN NUMBER

DISCLOSURE OF CHANGES IN NUMBER OF SHARES - shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Preferred Stock:
Preferred stock - Balance at beginning of period	885,726	885,726
Preferred stock - Balance at ending of period	885,726	885,726
Common Stock - Issued:
Common stock - balance at beginning of period	104,579,334	104,508,290
Issuance of stock	15,460	20,987
Common stock - balance at end of period	104,594,794	104,529,277
Treasury stock	(28,107,271)	(20,150,097)
Common stock shares outstanding	76,487,523	84,379,180

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities:
Net income	$ 211,686	$ 262,632
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses (benefit)	(15,500)	(82,226)
Amortization of intangibles	891	1,051
Depreciation and amortization of premises and equipment	13,630	14,738
Net accretion of discounts and amortization of premiums and deferred fees	15,843	(12,361)
Interest capitalized on loans subject to the temporary payment moratorium or loss mitigation alternatives	(3,416)	(2,855)
Share-based compensation	8,276	8,905
Impairment losses on right-of-use and long-lived assets	0	303
Fair value adjustments on mortgage servicing rights	(1,017)	(512)
Adjustments to indemnity reserves on loans sold	745	698
Earnings from investments under the equity method, net of dividends or distributions	(15,099)	(12,088)
Deferred income tax expense	22,129	69,633
(Loss) gain on:
Disposition of premises and equipment and other productive assets	(2,363)	(4,443)
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities	1,534	(4,977)
Sale of foreclosed assets, including write-downs	(7,566)	(6,090)
Acquisitions of loans held-for-sale	(55,134)	(63,261)
Proceeds from sale of loans held-for-sale	19,739	218,483
Net originations on loans held-for-sale	(98,356)	(327,742)
Net decrease (increase) in:
Trading debt securities	136,941	182,659
Equity securities	(111)	(3,197)
Accrued income receivable	(1,379)	(6,728)
Other assets	4,068	(4,942)
Net decrease in:
Interest payable	(7,106)	(8,498)
Pension and other postretirement benefits obligation	(196)	(1,071)
Other liabilities	(31,053)	(27,714)
Total adjustments	(14,500)	(72,235)
Net cash provided by operating activities	197,186	190,397
Cash flows from investing activities:
Net decrease in money market investments	7,467,248	72,284
Purchases of investment securities:
Available-for-sale	(5,747,659)	(6,828,725)
Equity	(845)	(1,296)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:
Available-for-sale	3,109,090	4,492,494
Held-to-maturity	4,114	3,339
Proceeds from sale of investment securities:
Equity	4,585	64
Net (disbursements) repayments on loans	(236,365)	290,232
Proceeds from sale of loans	752	48,156
Acquisition of loan portfolios	(119,479)	(86,071)
Return of capital from equity method investments	0	682
Acquisition of premises and equipment	(15,205)	(17,850)
Proceeds from sale of:
Premises and equipment and other productive assets	578	8,497
Foreclosed assets	23,631	24,968
Net cash provided by (used in) investing activities	4,490,445	(1,993,226)
Net (decrease) increase in:
Deposits	(4,141,068)	1,881,314
Assets sold under agreements to repurchase	(18,784)	(34,469)
Other short-term borrowings	(75,000)	0
Payment of notes payable	(1,000)	(1,075)
Principal payments of finance leases	(833)	(1,133)
Proceeds from issuance of common stock	1,199	1,118
Dividends paid	(36,289)	(34,053)
Net payments for repurchase of common stock	(400,604)	(279)
Payments related to tax witholding for share-based compensation	(4,316)	(3,663)
Net cash (used in) provided by financing activities	(4,676,695)	1,807,760
Net increase in cash and due from banks, and restricted cash	10,936	4,931
Cash and due from banks and restricted cash at beginning of period	434,512	497,094
Cash and due from banks and restricted cash at end of period	$ 445,448	$ 502,025

Nature of operations

Nature of operations	3 Months Ended
	Mar. 31, 2022
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 wholly-owned subsidiary of PB based in Minnesota.

Basis of presentation

Basis of presentation	3 Months Ended
	Mar. 31, 2022
Basis of presentation [Abstract]
Basis of presentation	Note 2 – Basis of Presentation Basis of Presentation The consolidated interim financial statements have been prepared without audit. The Consolidated Statement of Financial Condition data at December 31, 2021 was derived from audited financial statements. The unaudited interim financial statements are, in the opinion of management, a fair statement of the results for the periods reported and include all necessary adjustments, all of a normal recurring nature, for a fair statement of such results. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted from the unaudited financial statements pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, these financial statements should be read in conjunction with the audited Consolidated Financial Statements of the Corporation for the year ended December 31, 2021, included in the Corporation’s 2021 Form 10-K. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period. 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.

New accounting pronouncements

New accounting pronouncements	3 Months Ended
	Mar. 31, 2022
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 2021-05, 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 was not impacted by the adoption of ASU 2021-05 during the first quarter of 2022 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 The Corporation was not impacted by the adoption of ASU 2021-04 during the first quarter of 2022 since it does not hold freestanding equity-classified written call options under the scope of this guidance. 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 The Corporation adopted ASU 2020-06 during the first quarter of 2022. There was no material impact upon the adoption in the analysis of the accelerated share repurchase transaction discussed in Note 17, which was classified as an equity instrument and the related potential shares were considered in its dilutive earnings per share calculation. Accounting Standards Updates Not Yet Adopted Standard Description Date of adoption Effect on the financial statements FASB ASU 2022-02, Financial Instruments—Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures The FASB issued ASU 2022-02 in March 2022, which eliminates the accounting guidance for TDRs in Subtopic 310-40 Receivables—Troubled Debt Restructurings by Creditors and requires to apply the loan refinancing and restructuring guidance to determine whether a modification results in a new loan or a continuation of an existing loan. In addition, the ASU enhances the disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty and enhances the vintage disclosure by requiring to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases. January 1, 2023 The Corporation is currently evaluating the impact that the adoption of this guidance will have on its presentation and disclosures. FASB ASU 2022-01, Derivatives and Hedging (Topic 815) – Fair Value Hedging—Portfolio Layer Method The FASB issued ASU 2022-01 in March 2022, which amends ASC Topic 815 by allowing non prepayable financial assets also to be included in a closed portfolio hedged using the portfolio layer method. This amendment permits an entity to apply fair value hedging to a stated amount of a closed portfolio of prepayable and non-prepayable financial assets without considering prepayment risk or credit risk when measuring those assets. January 1, 2023 The Corporation is currently evaluating the impact of this amendment on its consolidated financial statements. For other recently issued Accounting Standards Updates not yet effective, refer to Note 3 to the Consolidated Financial Statements included in the 2021 Form 10-K.

Restrictions on cash and due fr

Restrictions on cash and due from banks and certain securities	3 Months Ended
	Mar. 31, 2022
Restricted cash and investment [Abstract]
Restricted On Cash And Due From Banks And Certain Securities	Note 4 - 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 $ 2.8 billion at March 31, 2022 (December 31, 2021 - $ 2.7 billion). Cash and due from banks, as well as other highly liquid securities, are used to cover the required average reserve balances. At March 31, 2022, the Corporation held $ 92 million in restricted assets in the form of funds deposited in money market accounts, debt securities available for sale and equity securities (December 31, 2021 - $ 50 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	3 Months Ended
	Mar. 31, 2022
Debt securities available-for-sale
Debt Securities, Available-for-sale
Investments in debt and marketable equity securities	Note 5 – 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 March 31, 2022 and December 31, 2021 At March 31, 2022 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 3,330,374 $ 7,509 $ 3,844 $ 3,334,039 0.98 % After 1 to 5 years 10,844,508 5,396 416,936 10,432,968 1.17 After 5 to 10 years 4,704,946 - 292,842 4,412,104 1.32 Total U.S. Treasury securities 18,879,828 12,905 713,622 18,179,111 1.18 Obligations of U.S. Government sponsored entities Within 1 year 70 1 - 71 5.59 Total obligations of U.S. Government sponsored entities 70 1 - 71 5.59 Collateralized mortgage obligations - federal agencies After 1 to 5 years 2,062 - 18 2,044 2.12 After 5 to 10 years 47,568 6 1,191 46,383 1.56 After 10 years 146,811 714 4,737 142,788 2.19 Total collateralized mortgage obligations - federal agencies 196,441 720 5,946 191,215 2.04 Mortgage-backed securities Within 1 year 3 - - 3 2.11 After 1 to 5 years 65,835 256 413 65,678 2.17 After 5 to 10 years 739,719 668 9,398 730,989 2.06 After 10 years 7,789,911 9,667 606,841 7,192,737 1.65 Total mortgage-backed securities 8,595,468 10,591 616,652 7,989,407 1.68 Other After 1 to 5 years 109 2 - 111 3.62 Total other 109 2 - 111 3.62 Total debt securities available-for-sale [1] $ 27,671,916 $ 24,219 $ 1,336,220 $ 26,359,915 1.34 % [1] Includes $ 17.7 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 $ 16.6 billion serve as collateral for public funds. 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. 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. Debt 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. There were no debt securities sold during the quarters ended March 31, 2022 and 2021. 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 March 31, 2022 and December 31, 2021 . At March 31, 2022 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 $ 15,249,412 $ 681,815 $ 553,050 $ 31,807 $ 15,802,462 $ 713,622 Collateralized mortgage obligations - federal agencies 157,384 5,854 997 92 158,381 5,946 Mortgage-backed securities 2,763,780 126,822 4,613,565 489,830 7,377,345 616,652 Total debt securities available-for-sale in an unrealized loss position $ 18,170,576 $ 814,491 $ 5,167,612 $ 521,729 $ 23,338,188 $ 1,336,220 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 As of March 31, 2022, the portfolio of available-for-sale debt securities reflects gross unrealized losses of approximately $ 1.3 billion, driven mainly by fixed-rate U.S. Treasury Securities and mortgage-backed securities, which have been impacted by a decline in fair value as a result of the rising interest rate environment. The portfolio of available for sale securities is comprised mainly of U.S Treasuries and obligations from the U.S. Government, its agencies or government sponsored entities, including FNMA, FHMLC and GNMA. As discussed in Note 2 to the Consolidated Financial Statements included in Form 10-K for the year ended December 31, 2021, these securities carry 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 .

Debt securities held-to-maturit

Debt securities held-to-maturity	3 Months Ended
	Mar. 31, 2022
Held To Maturity Debt Securities
Debt Securities, Held-to-maturity
Investments in debt and marketable equity securities	Note 6 –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 March 31, 2022 and December 31, 2021. At March 31, 2022 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 $ 4,440 $ 13 $ 4,427 $ 13 $ - $ 4,440 6.10 % After 1 to 5 years 13,045 158 12,887 158 - 13,045 6.28 After 5 to 10 years 9,530 89 9,441 24 1 9,464 1.40 After 10 years 42,985 7,584 35,401 8,067 520 42,948 1.48 Total obligations of Puerto Rico, States and political subdivisions 70,000 7,844 62,156 8,262 521 69,897 2.66 Collateralized mortgage obligations - federal agencies After 1 to 5 years 24 - 24 1 - 25 6.44 Total collateralized mortgage obligations - federal agencies 24 - 24 1 - 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 $ 75,984 $ 7,844 $ 68,140 $ 8,263 $ 521 $ 75,882 2.95 % 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 % Debt 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. 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 March 31, 2022 and December 31, 2021, 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 $ 27 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, 2021 - $ 30 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 8 to the Consolidated Financial Statements . 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 March 31, 2022 At December 31, 2021 (In thousands) Securities issued by Puerto Rico municipalities Watch $ 15,075 $ 16,345 Pass 12,170 13,800 Total $ 27,245 $ 30,145 At March 31, 2022, 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, 2021 - $ 43 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 March 31, 2022, the average refreshed FICO score for the representative sample, comprised of 65% of the nominal value of the securities, used for the loss estimate was of 704 (compared to 64% and 704, respectively, at December 31, 2021). 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 20 to the Consolidated Financial Statements for additional information on the Corporation’s exposure to the Puerto Rico Government. Delinquency status At March 31, 2022 and December 31, 2021, 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 March 31, 2022 and March 31, 2021: For the quarters ended March 31, 2022 2021 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 8,096 $ 10,261 Provision for credit losses (benefit) ( 252) ( 165) Securities charged-off - - Recoveries - - Ending balance $ 7,844 $ 10,096 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 $ 7.5 million for bonds issued by the Puerto Rico HFA, which are secured by second mortgage loans on Puerto Rico residential properties (compared to $ 0.3 million and $ 7.8 million, respectively, at December 31, 2021).

Loans

Loans	3 Months Ended
	Mar. 31, 2022
Receivables
Loans	Note 7 – 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 the 2021 Form 10-K. During the quarter ended March 31, 2022 , the Corporation recorded purchases (including repurchases) of mortgage loans amounting to $ 82 million including $ 3 million in Purchased Credit Deteriorated (“PCD”) loans and consumer loans of $ 91 million ; compared to purchases (including repurchases) of mortgage loans of $ 126 million including $ 6 million in PCD loans and commercial loans of $ 21 million, during the quarter ended March 31, 2021 . The Corporation performed whole-loan sales involving approximately $ 19 million of residential mortgage loans and $ 1 million of commercial loans during the quarter ended March 31, 2022 ( March 31, 2021 - $ 66 million of residential mortgage loans and $ 17 million of commercial loans). Also, during the quarter ended March 31, 2022 , the Corporation securitized approximately $ 78 million of mortgage loans into Government National Mortgage Association (“GNMA”) mortgage-backed securities and $ 58 million of mortgage loans into Federal National Mortgage Association (“FNMA”) mortgage-backed securities, compared to $ 102 million and $ 86 million, respectively, during the quarter ended March 31, 2021. Also, the Corporation securitized approximately $ 7 million of mortgage loans into Federal Home Loan Mortgage Corporation (“FHLMC”) mortgage-backed securities during the quarter ended March 31, 2022 . 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 March 31, 2022 and December 31, 2021. March 31, 2022 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 $ 2,130 $ 189 $ 274 $ 2,593 $ 160,648 $ 163,241 $ 274 $ - Commercial real estate: Non-owner occupied 3,646 93 20,627 24,366 2,536,174 2,560,540 20,627 - Owner occupied 4,024 50 49,732 53,806 1,396,696 1,450,502 49,732 - Commercial and industrial 1,218 169 48,167 49,554 3,333,918 3,383,472 47,149 1,018 Construction 715 - - 715 126,610 127,325 - - Mortgage 182,397 79,374 736,338 998,109 5,125,554 6,123,663 306,560 429,778 Leasing 9,819 2,446 3,766 16,031 1,410,091 1,426,122 3,766 - Consumer: Credit cards 5,817 3,728 9,049 18,594 896,966 915,560 - 9,049 Home equity lines of credit - - 23 23 3,093 3,116 - 23 Personal 10,215 6,184 19,157 35,556 1,267,920 1,303,476 19,157 - Auto 51,497 11,353 27,514 90,364 3,339,798 3,430,162 27,514 - Other 537 37 12,184 12,758 112,322 125,080 12,037 147 Total $ 272,015 $ 103,623 $ 926,831 $ 1,302,469 $ 19,709,790 $ 21,012,259 $ 486,816 $ 440,015 March 31, 2022 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 $ - $ - $ - $ - $ 1,865,623 $ 1,865,623 $ - $ - Commercial real estate: Non-owner occupied [1] 902 740 374 2,016 1,391,874 1,393,890 374 - Owner occupied [1] 6,385 - 677 7,062 1,398,580 1,405,642 677 - Commercial and industrial 10,925 602 4,891 16,418 1,788,918 1,805,336 4,352 539 Construction - - - - 617,458 617,458 - - Mortgage 13,006 1,069 21,826 35,901 1,166,782 1,202,683 21,826 - Consumer: Credit cards - - - - 26 26 - - Home equity lines of credit 259 15 5,248 5,522 68,437 73,959 5,248 - Personal 739 558 627 1,924 203,381 205,305 627 - Other - 1 1 2 6,007 6,009 1 - Total $ 32,216 $ 2,985 $ 33,644 $ 68,845 $ 8,507,086 $ 8,575,931 $ 33,105 $ 539 [1] During the first quarter of 2022, the Corporation reclassified $ 0.9 billion of loans from the Commercial Real Estate (“CRE”) Non-Owner-Occupied category to the CRE Owner-Occupied category. The selected loans are primarily to skilled and assisted living nursing homes where the majority of the revenues, which are the basis for the repayment of the loans, are generated from medical and related operational activities. These loans meet the type of business and source requirements as defined in the regulatory guidance allowing this classification. March 31, 2022 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 $ 2,130 $ 189 $ 274 $ 2,593 $ 2,026,271 $ 2,028,864 $ 274 $ - Commercial real estate: Non-owner occupied 4,548 833 21,001 26,382 3,928,048 3,954,430 21,001 - Owner occupied 10,409 50 50,409 60,868 2,795,276 2,856,144 50,409 - Commercial and industrial 12,143 771 53,058 65,972 5,122,836 5,188,808 51,501 1,557 Construction 715 - - 715 744,068 744,783 - - Mortgage [1] 195,403 80,443 758,164 1,034,010 6,292,336 7,326,346 328,386 429,778 Leasing 9,819 2,446 3,766 16,031 1,410,091 1,426,122 3,766 - Consumer: Credit cards 5,817 3,728 9,049 18,594 896,992 915,586 - 9,049 Home equity lines of credit 259 15 5,271 5,545 71,530 77,075 5,248 23 Personal 10,954 6,742 19,784 37,480 1,471,301 1,508,781 19,784 - Auto 51,497 11,353 27,514 90,364 3,339,798 3,430,162 27,514 - Other 537 38 12,185 12,760 118,329 131,089 12,038 147 Total $ 304,231 $ 106,608 $ 960,475 $ 1,371,314 $ 28,216,876 $ 29,588,190 $ 519,921 $ 440,554 [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 March 31, 2022 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 $ 266 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of March 31, 2022. Furthermore, the Corporation has approximately $ 45 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 $ 268 million in unearned income and exclude $ 55 million in loans held-for-sale. [3] Includes $ 6.4 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 3.0 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, 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 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 $ 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 FHLB as collateral for borrowings and $ 1.7 billion at the FRB for discount window borrowings and $ 1.7 billion serve as collateral for public funds. 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 March 31, 2022, mortgage loans held-in-portfolio include $ 1.9 billion (December 31, 2021 - $ 1.9 billion) of loans insured by the FHA, or guaranteed VA of which $ 0.4 billion (December 31, 2021 - $ 0.5 billion) are 90 days or more past due. These balances include $ 721 million in loans modified under a TDR (December 31, 2021 - $ 716 million), that are presented as accruing loans. The portfolio of guaranteed loans includes $ 266 million of residential mortgage loans in Puerto Rico that are no longer accruing interest as of March 31, 2022 (December 31, 2021 - $ 304 million). The Corporation has approximately $ 45 million in reverse mortgage loans in Puerto Rico which are guaranteed by FHA, but which are currently not accruing interest at March 31, 2022 (December 31, 2021 - $ 50 million). Loans with a delinquency status of 90 days past due as of March 31, 2022 include $ 13 million in loans previously pooled into GNMA securities (December 31, 2021 - $ 13 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 following tables present the amortized cost basis of non-accrual loans as of March 31, 2022 and 2021 by class of loans: March 31, 2022 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 $ - $ 274 $ - $ - $ - $ 274 Commercial real estate non-owner occupied 15,477 5,150 - 374 15,477 5,524 Commercial real estate owner occupied 9,720 40,012 - 677 9,720 40,689 Commercial and industrial 27,536 19,613 - 4,352 27,536 23,965 Mortgage 159,025 147,535 - 21,826 159,025 169,361 Leasing 228 3,538 - - 228 3,538 Consumer: HELOCs - - - 5,248 - 5,248 Personal 6,590 12,567 74 553 6,664 13,120 Auto 1,153 26,361 - - 1,153 26,361 Other 263 11,774 - 1 263 11,775 Total $ 219,992 $ 266,824 $ 74 $ 33,031 $ 220,066 $ 299,855 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 Loans in non-accrual status with no allowance at March 31, 2022 include $ 220 million in collateral dependent loans (December 31, 2021 - $ 237 million). The Corporation recognized $ 4 million in interest income on non-accrual loans during the quarter ended March 31, 2022 (March 31, 2021 - $ 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 March 31, 2022 and December 31, 2021: March 31, 2022 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total Puerto Rico Commercial multi-family $ 1,367 $ - $ - $ - $ - $ 1,367 Commercial real estate: Non-owner occupied 215,343 - - - - 215,343 Owner occupied 40,200 - - - - 40,200 Commercial and industrial 1,731 - 668 10,250 32,149 44,798 Mortgage 165,879 - - - - 165,879 Leasing - 652 6 - - 658 Consumer: Personal 6,585 - - - - 6,585 Auto - 6,781 - - - 6,781 Other - - - - 263 263 Total Puerto Rico $ 431,105 $ 7,433 $ 674 $ 10,250 $ 32,412 $ 481,874 Popular U.S. Mortgage $ 731 - - - - $ 731 Total Popular U.S. $ 731 $ - $ - $ - $ - $ 731 Popular, Inc. Commercial multi-family $ 1,367 $ - $ - $ - $ - $ 1,367 Commercial real estate: Non-owner occupied 215,343 - - - - 215,343 Owner occupied 40,200 - - - - 40,200 Commercial and industrial 1,731 - 668 10,250 32,149 44,798 Mortgage 166,610 - - - - 166,610 Leasing - 652 6 - - 658 Consumer: Personal 6,585 - - - - 6,585 Auto - 6,781 - - - 6,781 Other - - - - 263 263 Total Popular, Inc. $ 431,836 $ 7,433 $ 674 $ 10,250 $ 32,412 $ 482,605 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 Purchased Credit Deteriorated (PCD) Loans The Corporation has purchased loans during the quarter 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) March 31, 2022 March 31, 2021 Purchase price of loans at acquisition $ 2,002 $ 4,935 Allowance for credit losses at acquisition 612 1,356 Non-credit discount / (premium) at acquisition 99 121 Par value of acquired loans at acquisition $ 2,713 $ 6,412

Allowance for credit losses - l

Allowance for credit losses - loans held-in-portfolio	3 Months Ended
	Mar. 31, 2022
Allowance for credit losses [Abstract]
Allowance for credit losses	Note 8 – 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 March 31, 2022, 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 weightings 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. 2022 annualized GDP growth of 3.5% and 3.7% is expected for Puerto Rico and United States, respectively. This represents a reduction for both Puerto Rico and United States since last quarter’s GDP growth forecast was 4.0% and 4.6%, respectively. Changes in assumptions related to fiscal stimulus and higher energy prices contributed to the reduction. The 2022 average unemployment rate is forecasted at 7.3% and 3.6% for Puerto Rico and United States, respectively, consistent with the previous estimate of 7.4% and 3.7%. The following tables present the changes in the ACL of loans held-in-portfolio and unfunded commitments for the quarters ended March 31, 2022 and 2021. For the quarter ended March 31, 2022 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 151,928 $ 1,641 $ 138,286 $ 17,578 $ 284,729 $ 594,162 Provision for credit losses (benefit) ( 10,687) 357 ( 10,528) 386 7,811 ( 12,661) Initial allowance for credit losses - PCD Loans - - 612 - - 612 Charge-offs ( 527) - ( 1,321) ( 407) ( 22,065) ( 24,320) Recoveries 4,757 416 4,313 841 8,491 18,818 Ending balance - loans $ 145,471 $ 2,414 $ 131,362 $ 18,398 $ 278,966 $ 576,611 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,751 $ 2,388 $ - $ - $ - $ 4,139 Provision for credit losses (benefit) ( 104) ( 464) - - - ( 568) Ending balance - unfunded commitments [1] $ 1,647 $ 1,924 $ - $ - $ - $ 3,571 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 31, 2022 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 63,877 $ 4,722 $ 16,192 $ 16,413 $ 101,204 Provision for credit losses (benefit) ( 5,332) ( 1,725) 1,632 3,681 ( 1,744) Charge-offs ( 127) - - ( 1,305) ( 1,432) Recoveries 754 1,128 20 1,251 3,153 Ending balance - loans $ 59,172 $ 4,125 $ 17,844 $ 20,040 $ 101,181 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,384 $ 2,337 $ - $ 37 $ 3,758 Provision for credit losses (benefit) ( 66) ( 202) - ( 7) ( 275) Ending balance - unfunded commitments [1] $ 1,318 $ 2,135 $ - $ 30 $ 3,483 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 31, 2022 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 215,805 $ 6,363 $ 154,478 $ 17,578 $ 301,142 $ 695,366 Provision for credit losses (benefit) ( 16,019) ( 1,368) ( 8,896) 386 11,492 ( 14,405) Initial allowance for credit losses - PCD Loans - - 612 - - 612 Charge-offs ( 654) - ( 1,321) ( 407) ( 23,370) ( 25,752) Recoveries 5,511 1,544 4,333 841 9,742 21,971 Ending balance - loans $ 204,643 $ 6,539 $ 149,206 $ 18,398 $ 299,006 $ 677,792 Allowance for credit losses - unfunded commitments: Beginning balance $ 3,135 $ 4,725 $ - $ - $ 37 $ 7,897 Provision for credit losses (benefit) ( 170) ( 666) - - ( 7) ( 843) Ending balance - unfunded commitments [1] $ 2,965 $ 4,059 $ - $ - $ 30 $ 7,054 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 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) ( 29,646) 1,306 ( 2,805) ( 4,058) ( 4,773) ( 39,976) Initial allowance for credit losses - PCD Loans - - 1,356 - - 1,356 Charge-offs ( 2,883) ( 6,619) ( 10,381) ( 1,058) ( 24,029) ( 44,970) Recoveries 4,317 702 2,078 940 17,459 25,496 Ending balance - loans $ 197,111 $ 260 $ 185,805 $ 12,687 $ 285,793 $ 681,656 Allowance for credit losses - unfunded commitments: Beginning balance $ 4,913 $ 4,610 $ - $ - $ - $ 9,523 Provision for credit losses (benefit) ( 1,000) ( 4,365) - - - ( 5,365) Ending balance - unfunded commitments [1] $ 3,913 $ 245 $ - $ - $ - $ 4,158 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 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) ( 28,933) ( 431) ( 3,918) ( 2,521) ( 35,803) Charge-offs ( 383) - ( 1) ( 3,256) ( 3,640) Recoveries 367 - 81 1,636 2,084 Ending balance - loans $ 79,108 $ 8,935 $ 16,321 $ 14,777 $ 119,141 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,753 $ 4,469 $ - $ 106 $ 6,328 Provision for credit losses (benefit) ( 310) ( 566) - ( 41) ( 917) Ending balance - unfunded commitments [1] $ 1,443 $ 3,903 $ - $ 65 $ 5,411 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 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) ( 58,579) 875 ( 6,723) ( 4,058) ( 7,294) ( 75,779) Initial allowance for credit losses - PCD Loans - - 1,356 - - 1,356 Charge-offs ( 3,266) ( 6,619) ( 10,382) ( 1,058) ( 27,285) ( 48,610) Recoveries 4,684 702 2,159 940 19,095 27,580 Ending balance - loans $ 276,219 $ 9,195 $ 202,126 $ 12,687 $ 300,570 $ 800,797 Allowance for credit losses - unfunded commitments: Beginning balance $ 6,666 $ 9,079 $ - $ - $ 106 $ 15,851 Provision for credit losses (benefit) ( 1,310) ( 4,931) - - ( 41) ( 6,282) Ending balance - unfunded commitments [1] $ 5,356 $ 4,148 $ - $ - $ 65 $ 9,569 [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 the 2021 Form 10-K. The outstanding balance of loans classified as TDRs amounted to $ 1.7 billion at March 31, 2022 (December 31, 2021 - $ 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 March 31, 2022 (December 31, 2021 - $ 9 million). The following table presents the outstanding balance of loans classified as TDRs according to their accruing status and the related allowance at March 31, 2022 and December 31, 2021. March 31, 2022 December 31, 2021 (In thousands) Accruing Non-Accruing Total Related Allowance Accruing Non-Accruing Total Related Allowance Loans held-in-portfolio: Commercial $ 302,795 $ 66,334 $ 369,129 $ 21,007 $ 261,344 $ 64,744 $ 326,088 $ 24,736 Mortgage [1] 1,151,887 101,024 1,252,911 60,308 1,143,204 112,509 1,255,713 61,888 Leasing 188 28 216 30 325 47 372 42 Consumer 60,652 10,194 70,846 15,592 64,093 10,556 74,649 16,124 Loans held-in-portfolio $ 1,515,522 $ 177,580 $ 1,693,102 $ 96,937 $ 1,468,966 $ 187,856 $ 1,656,822 $ 102,790 [1] At March 31, 2022, accruing mortgage loan TDRs include $ 721 million guaranteed by U.S. sponsored entities at BPPR, compared to $ 716 million at December 31, 2021. The following tables present the loan count by type of modification for those loans modified in a TDR during the quarters ended March 31, 2022 and 2021. Loans modified as TDRs for the U.S. operations are considered insignificant to the Corporation. For the quarter ended March 31, 2022 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial real estate non-owner occupied - - - 1 Commercial real estate owner occupied 1 1 - - Commercial and industrial 1 5 - 11 Mortgage 1 34 288 1 Consumer: Credit cards 15 - - 15 Personal 25 20 - - Auto - 1 - - Total 43 61 288 28 For the quarter ended March 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 - - Commercial real estate non-owner occupied - 9 - - Commercial real estate owner occupied 2 20 - - Commercial and industrial - 8 - - Mortgage 8 40 360 - Leasing - - 1 - Consumer: Credit cards 52 - - 14 HELOCs - - 1 - Personal 61 2 1 - Auto - 1 2 - Other 4 - - - Total 127 81 365 14 The following tables present, by class, quantitative information related to loans modified as TDRs during the quarters ended March 31, 2022 and 2021. Popular, Inc. For the quarter ended March 31, 2022 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for loan losses as a result of modification Commercial real estate non-owner occupied 1 $ 3,400 $ 3,400 $ - Commercial real estate owner occupied 2 729 727 - Commercial and industrial 17 49,346 49,155 2,030 Mortgage 324 34,876 35,592 1,020 Consumer: Credit cards 30 248 273 5 Personal 45 729 728 130 Auto 1 28 28 5 Total 420 $ 89,356 $ 89,903 $ 3,190 Popular, Inc. For the quarter ended March 31, 2021 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for loan losses as a result of modification Commercial multi-family 1 $ 87 $ 86 $ 4 Commercial real estate non-owner occupied 9 3,295 3,281 141 Commercial real estate owner occupied 22 29,750 29,484 572 Commercial and industrial 8 222 218 8 Mortgage 408 47,654 49,729 1,046 Leasing 1 32 32 4 Consumer: Credit cards 66 824 854 27 HELOCs 1 63 116 28 Personal 64 1,062 1,062 304 Auto 3 48 53 10 Other 4 6 6 1 Total 587 $ 83,043 $ 84,921 $ 2,145 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 quarter ended March 31, 2022 (Dollars in thousands) Loan count Recorded investment as of first default date Mortgage 6 $ 1,870 Consumer: Credit cards 16 127 Personal 12 128 Total 34 $ 2,125 Defaulted during the quarter ended March 31, 2021 (Dollars in thousands) Loan count Recorded investment as of first default date Commercial real estate owner occupied 2 $ 3,754 Commercial and industrial 2 224 Mortgage 23 1,732 Consumer: Credit cards 40 535 Personal 6 260 Total 73 $ 6,505 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 ACL may be increased or partial charge-offs may be taken to further write-down the carrying value of the loan. Credit Quality 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 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 March 31, 2022 and December 31, 2021 by vintage year. For the definitions of the obligor risk ratings, refer to the Credit Quality section of Note 8 to the Consolidated Financial Statements included in the Corporation’s Form 10-K for the year ended December 31, 2021. March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Puerto Rico Commercial: Commercial multi-family Watch $ - $ - $ - $ - $ - $ 4,418 $ - $ - $ 4,418 Special mention - - - - - 2,952 - - 2,952 Substandard - - - 986 - 6,102 100 - 7,188 Pass 12,788 24,608 21,061 34,410 25,152 30,451 213 - 148,683 Total commercial multi-family $ 12,788 $ 24,608 $ 21,061 $ 35,396 $ 25,152 $ 43,923 $ 313 $ - $ 163,241 Commercial real estate non-owner occupied Watch $ 29,903 $ 117,431 $ 226,357 $ 29,725 $ 134,641 $ 167,332 $ 3,087 $ - $ 708,476 Special Mention - 26,258 12,015 7,627 - 29,273 - - 75,173 Substandard 3,393 4,294 27,555 19,856 37,249 72,503 - - 164,850 Pass 181,148 499,552 197,587 87,349 36,193 601,857 8,355 - 1,612,041 Total commercial real estate non-owner occupied $ 214,444 $ 647,535 $ 463,514 $ 144,557 $ 208,083 $ 870,965 $ 11,442 $ - $ 2,560,540 Commercial real estate owner occupied Watch $ 675 $ 7,705 $ 6,952 $ 7,887 $ 7,044 $ 108,001 $ - $ - $ 138,264 Special Mention 118 5,550 949 7,150 1,412 107,134 - - 122,313 Substandard - 4,999 1,021 988 34,997 108,747 - - 150,752 Doubtful - - - - - 641 - - 641 Pass 29,665 273,843 151,427 48,295 53,440 462,038 19,824 - 1,038,532 Total commercial real estate owner occupied $ 30,458 $ 292,097 $ 160,349 $ 64,320 $ 96,893 $ 786,561 $ 19,824 $ - $ 1,450,502 Commercial and industrial Watch $ 8,608 $ 93,150 $ 11,684 $ 23,180 $ 101,967 $ 80,917 $ 99,008 $ - $ 418,514 Special Mention - 7,878 4,865 12,573 27,081 51,740 52,803 - 156,940 Substandard 35 2,189 5,933 2,983 23,533 89,083 41,040 - 164,796 Doubtful - - - - - 96 - - 96 Pass 224,627 766,346 187,160 272,866 48,585 372,756 770,786 - 2,643,126 Total commercial and industrial $ 233,270 $ 869,563 $ 209,642 $ 311,602 $ 201,166 $ 594,592 $ 963,637 $ - $ 3,383,472 Construction Watch $ 6,644 $ - $ - $ - $ - $ - $ - $ - $ 6,644 Special Mention 1,797 - - - - - - - 1,797 Pass 184 28,486 58,323 1,903 - - 29,988 - 118,884 Total construction $ 8,625 $ 28,486 $ 58,323 $ 1,903 $ - $ - $ 29,988 $ - $ 127,325 Mortgage Substandard $ 119 $ 108 $ 1,224 $ 4,780 $ 5,402 $ 116,846 $ - $ - $ 128,479 Pass 59,395 473,279 299,789 217,561 254,971 4,690,189 - - 5,995,184 Total mortgage $ 59,514 $ 473,387 $ 301,013 $ 222,341 $ 260,373 $ 4,807,035 $ - $ - $ 6,123,663 Leasing Substandard $ - $ 678 $ 652 $ 1,051 $ 705 $ 631 $ - $ - $ 3,717 Loss - - - - - 49 - - 49 Pass 207,900 526,319 307,398 202,190 119,085 59,464 - - 1,422,356 Total leasing $ 207,900 $ 526,997 $ 308,050 $ 203,241 $ 119,790 $ 60,144 $ - $ - $ 1,426,122 March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Puerto Rico Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 9,049 $ - $ 9,049 Pass - - - - - - 906,511 - 906,511 Total credit cards $ - $ - $ - $ - $ - $ - $ 915,560 $ - $ 915,560 HELOCs Substandard $ - $ - $ - $ - $ - $ - $ 23 $ - $ 23 Pass - - - - - - 3,093 - 3,093 Total HELOCs $ - $ - $ - $ - $ - $ - $ 3,116 $ - $ 3,116 Personal Substandard $ 630 $ 1,078 $ 641 $ 1,956 $ 785 $ 13,421 $ - $ 1,321 $ 19,832 Loss - - - 1 3 23 - - 27 Pass 168,643 491,177 166,166 192,611 78,207 152,766 - 34,047 1,283,617 Total Personal $ 169,273 $ 492,255 $ 166,807 $ 194,568 $ 78,995 $ 166,210 $ - $ 35,368 $ 1,303,476 Auto Substandard $ - $ 5,973 $ 8,556 $ 9,371 $ 4,900 $ 3,373 $ - $ - $ 32,173 Loss - 32 33 58 16 14 - - 153 Pass 311,670 1,174,172 756,985 580,986 373,406 200,617 - - 3,397,836 Total Auto $ 311,670 $ 1,180,177 $ 765,574 $ 590,415 $ 378,322 $ 204,004 $ - $ - $ 3,430,162 Other consumer Substandard $ - $ - $ 110 $ 20 $ 537 $ 7 $ 11,121 $ - $ 11,795 Loss - - - - 389 - - - 389 Pass 6,302 22,933 8,908 8,523 5,196 4,352 56,682 - 112,896 Total Other consumer $ 6,302 $ 22,933 $ 9,018 $ 8,543 $ 6,122 $ 4,359 $ 67,803 $ - $ 125,080 Total Puerto Rico $ 1,254,244 $ 4,558,038 $ 2,463,351 $ 1,776,886 $ 1,374,896 $ 7,537,793 $ 2,011,683 $ 35,368 $ 21,012,259 March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular U.S. Commercial: Commercial multi-family Watch $ - $ 8,569 $ 43,642 $ 40,570 $ 20,576 $ 123,917 $ - $ - $ 237,274 Special mention - - 1,217 8,973 29,613 35,180 - - 74,983 Substandard - - - 67,018 12,685 16,514 - - 96,217 Pass 76,737 422,609 239,450 208,367 143,251 364,174 2,561 - 1,457,149 Total commercial multi-family $ 76,737 $ 431,178 $ 284,309 $ 324,928 $ 206,125 $ 539,785 $ 2,561 $ - $ 1,865,623 Commercial real estate non-owner occupied Watch $ - $ 12,704 $ 16,909 $ 26,886 $ 46,012 $ 120,879 $ 97 $ - $ 223,487 Special Mention - - - 3,183 1,808 25,948 - - 30,939 Substandard - 2,920 753 - 1,567 35,538 - - 40,778 Pass 96,512 206,434 214,871 101,177 95,335 378,221 6,136 - 1,098,686 Total commercial real estate non-owner occupied $ 96,512 $ 222,058 $ 232,533 $ 131,246 $ 144,722 $ 560,586 $ 6,233 $ - $ 1,393,890 Commercial real estate owner occupied Watch $ - $ - $ 5,343 $ 7,775 $ 12,654 $ 60,557 $ 4,222 $ - $ 90,551 Special Mention - - - - 5,174 15,902 - - 21,076 Substandard - - - 7,527 2,300 43,602 - - 53,429 Pass 124,847 428,804 142,310 94,258 144,834 301,051 4,482 - 1,240,586 Total commercial real estate owner occupied $ 124,847 $ 428,804 $ 147,653 $ 109,560 $ 164,962 $ 421,112 $ 8,704 $ - $ 1,405,642 Commercial and industrial Watch $ 691 $ 3,210 $ 3,104 $ 3,187 $ 8,894 $ 1,041 $ 17,121 $ - $ 37,248 Special Mention 825 2,323 6,896 635 530 207 8,983 - 20,399 Substandard 114 134 260 4,648 1,212 1,974 369 - 8,711 Loss - 433 120 29 14 218 - - 814 Pass 20,935 277,342 336,892 205,703 186,778 435,798 274,716 - 1,738,164 Total commercial and industrial $ 22,565 $ 283,442 $ 347,272 $ 214,202 $ 197,428 $ 439,238 $ 301,189 $ - $ 1,805,336 Construction Watch $ - $ 3,959 $ 14,222 $ 26,775 $ 29,549 $ 35,090 $ - $ - $ 109,595 Special Mention - - - - - 13,655 - - 13,655 Substandard - - - - 15,841 10,184 - - 26,025 Pass 7,352 134,447 145,675 136,487 5,650 38,572 - - 468,183 Total construction $ 7,352 $ 138,406 $ 159,897 $ 163,262 $ 51,040 $ 97,501 $ - $ - $ 617,458 Mortgage Substandard $ - $ 1,595 $ 4,338 $ 4,110 $ 1,054 $ 10,729 $ - $ - $ 21,826 Pass 63,698 318,614 258,525 206,391 60,663 272,966 - - 1,180,857 Total mortgage $ 63,698 $ 320,209 $ 262,863 $ 210,501 $ 61,717 $ 283,695 $ - $ - $ 1,202,683 March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 26 $ - $ 26 Total credit cards $ - $ - $ - $ - $ - $ - $ 26 $ - $ 26 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,928 $ - $ 814 $ 3,742 Loss - - - - - 161 - 1,345 1,506 Pass - - - - - 10,512 40,677 17,522 68,711 Total HELOCs $ - $ - $ - $ - $ - $ 13,601 $ 40,677 $ 19,681 $ 73,959 Personal Substandard $ - $ 62 $ 73 $ 156 $ 82 $ 151 $ - $ - $ 524 Loss - 5 62 2 - 34 - - 103 Pass 75,243 69,809 15,416 31,855 5,688 6,667 - - 204,678 Total Personal $ 75,243 $ 69,876 $ 15,551 $ 32,013 $ 5,770 $ 6,852 $ - $ - $ 205,305 Other consumer Substandard $ - $ - $ - $ - $ - $ - $ 1 $ - $ 1 Pass - - - - - - 6,008 - 6,008 Total Other consumer $ - $ - $ - $ - $ - $ - $ 6,009 $ - $ 6,009 Total Popular U.S. $ 466,954 $ 1,893,973 $ 1,450,078 $ 1,185,712 $ 831,764 $ 2,362,370 $ 365,399 $ 19,681 $ 8,575,931 March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Watch $ - $ 8,569 $ 43,642 $ 40,570 $ 20,576 $ 128,335 $ - $ - $ 241,692 Special mention - - 1,217 8,973 29,613 38,132 - - 77,935 Substandard - - - 68,004 12,685 22,616 100 - 103,405 Pass 89,525 447,217 260,511 242,777 168,403 394,625 2,774 - 1,605,832 Total commercial multi-family $ 89,525 $ 455,786 $ 305,370 $ 360,324 $ 231,277 $ 583,708 $ 2,874 $ - $ 2,028,864 Commercial real estate non-owner occupied Watch $ 29,903 $ 130,135 $ 243,266 $ 56,611 $ 180,653 $ 288,211 $ 3,184 $ - $ 931,963 Special Mention - 26,258 12,015 10,810 1,808 55,221 - - 106,112 Substandard 3,393 7,214 28,308 19,856 38,816 108,041 - - 205,628 Pass 277,660 705,986 412,458 188,526 131,528 980,078 14,491 - 2,710,727 Total commercial real estate non-owner occupied $ 310,956 $ 869,593 $ 696,047 $ 275,803 $ 352,805 $ 1,431,551 $ 17,675 $ - $ 3,954,430 Commercial real estate owner occupied Watch $ 675 $ 7,705 $ 12,295 $ 15,662 $ 19,698 $ 168,558 $ 4,222 $ - $ 228,815 Special Mention 118 5,550 949 7,150 6,586 123,036 - - 143,389 Substandard - 4,999 1,021 8,515 37,297 152,349 - - 204,181 Doubtful - - - - - 641 - - 641 Pass 154,512 702,647 293,737 142,553 198,274 763,089 24,306 - 2,279,118 Total commercial real estate owner occupied $ 155,305 $ 720,901 $ 308,002 $ 173,880 $ 261,855 $ 1,207,673 $ 28,528 $ - $ 2,856,144 Commercial and industrial Watch $ 9,299 $ 96,360 $ 14,788 $ 26,367 $ 110,861 $ 81,958 $ 116,129 $ - $ 455,762 Special Mention 825 10,201 11,761 13,208 27,611 51,947 61,786 - 177,339 Substandard 149 2,323 6,193 7,631 24,745 91,057 41,409 - 173,507 Doubtful - - - - - 96 - - 96 Loss - 433 120 29 14 218 - - 814 Pass 245,562 1,043,688 524,052 478,569 235,363 808,554 1,045,502 - 4,381,290 Total commercial and industrial $ 255,835 $ 1,153,005 $ 556,914 $ 525,804 $ 398,594 $ 1,033,830 $ 1,264,826 $ - $ 5,188,808 March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Construction Watch $ 6,644 $ 3,959 $ 14,222 $ 26,775 $ 29,549 $ 35,090 $ - $ - $ 116,239 Special Mention 1,797 - - - - 13,655 - - 15,452 Substandard - - - - 15,841 10,184 - - 26,025 Pass 7,536 162,933 203,998 138,390 5,650 38,572 29,988 - 587,067 Total construction $ 15,977 $ 166,892 $ 218,220 $ 165,165 $ 51,040 $ 97,501 $ 29,988 $ - $ 744,783 Mortgage Substandard $ 119 $ 1,703 $ 5,562 $ 8,890 $ 6,456 $ 127,575 $ - $ - $ 150,305 Pass 123,093 791,893 558,314 423,952 315,634 4,963,155 - - 7,176,041 Total mortgage $ 123,212 $ 793,596 $ 563,876 $ 432,842 $ 322,090 $ 5,090,730 $ - $ - $ 7,326,346 Leasing Substandard $ - $ 678 $ 652 $ 1,051 $ 705 $ 631 $ - $ - $ 3,717 Loss - - - - - 49 - - 49 Pass 207,900 526,319 307,398 202,190 119,085 59,464 - - 1,422,356 Total leasing $ 207,900 $ 526,997 $ 308,050 $ 203,241 $ 119,790 $ 60,144 $ - $ - $ 1,426,122 March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 9,049 $ - $ 9,049 Pass - - - - - - 906,537 - 906,537 Total credit cards $ - $ - $ - $ - $ - $ - $ 915,586 $ - $ 915,586 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,928 $ 23 $ 814 $ 3,765 Loss - - - - - 161 - 1,345 1,506 Pass - - - - - 10,512 43,770 17,522 71,804 Total HELOCs $ - $ - $ - $ - $ - $ 13,601 $ 43,793 $ 19,681 $ 77,075 Personal Substandard $ 630 $ 1,140 $ 714 $ 2,112 $ 867 $ 13,572 $ - $ 1,321 $ 20,356 Loss - 5 62 3 3 57 - - 130 Pass 243,886 560,986 181,582 224,466 83,895 159,433 - 34,047 1,488,295 Total Personal $ 244,516 $ 562,131 $ 182,358 $ 226,581 $ 84,765 $ 173,062 $ - $ 35,368 $ 1,508,781 Auto Substandard $ - $ 5,973 $ 8,556 $ 9,371 $ 4,900 $ 3,373 $ - $ - $ 32,173 Loss - 32 33 58 16 14 - - 153 Pass 311,670 1,174,172 756,985 580,986 373,406 200,617 - - 3,397,836 Total Auto $ 311,670 $ 1,180,177 $ 765,574 $ 590,415 $ 378,322 $ 204,004 $ - $ - $ 3,430,162 Other consumer Substandard $ - $ - $ 110 $ 20 $ 537 $ 7 $ 11,122 $ - $ 11,796 Loss - - - - 389 - - - 389 Pass 6,302 22,933 8,908 8,523 5,196 4,352 62,690 - 118,904 Total Other consumer $ 6,302 $ 22,933 $ 9,018 $ 8,543 $ 6,122 $ 4,359 $ 73,812 $ - $ 131,089 Total Popular Inc. $ 1,721,198 $ 6,452,011 $ 3,913,429 $ 2,962,598 $ 2,206,660 $ 9,900,163 $ 2,377,082 $ 55,049 $ 29,588,190 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,

Mortgage banking activities

Mortgage banking activities	3 Months Ended
	Mar. 31, 2022
Mortgage Banking [Abstract]
Mortgage Banking Activities	Note 9 – 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: Quarters ended March 31, (In thousands) 2022 2021 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 9,323 $ 9,715 Mortgage servicing rights fair value adjustments 1,088 512 Total mortgage servicing fees, net of fair value adjustments 10,411 10,227 Net (loss) gain on sale of loans, including valuation on loans held-for-sale ( 1,534) 4,975 Trading account profit: Unrealized gains on outstanding derivative positions 2 - Realized profit on closed derivative positions 4,135 2,502 Total trading account profit 4,137 2,502 Losses on repurchased loans, including interest advances ( 149) ( 361) Total mortgage banking activities $ 12,865 $ 17,343

Transfers of financial assets a

Transfers of financial assets and mortgage servicing assets	3 Months Ended
	Mar. 31, 2022
Transfers and Servicing of Financial Assets
Transfers Of Financial Assets And Mortgage Servicing Assets	Note 10 – 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 19 to the Consolidated Financial Statements for a description of such arrangements. No liabilities were incurred as a result of these securitizations during the quarters ended March 31, 2022 and 2021 because they did not contain any credit recourse arrangements. During the quarter ended March 31, 2022, the Corporation recorded a net loss of $ 1.1 million (March 31, 2021 - a net gain of $ 3.7 million) 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 quarters ended March 31, 2022 and 2021: Proceeds Obtained During the Quarter Ended March 31, 2022 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 77,894 $ - $ 77,894 Mortgage-backed securities - FNMA - 57,690 - 57,690 Mortgage-backed securities - FHLMC - 7,118 - 7,118 Total trading account debt securities $ - $ 142,702 $ - $ 142,702 Mortgage servicing rights $ - $ - $ 2,409 $ 2,409 Total $ - $ 142,702 $ 2,409 $ 145,111 Proceeds Obtained During the Quarter Ended March 31, 2021 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 101,988 $ - $ 101,988 Mortgage-backed securities - FNMA - 86,280 - 86,280 Total trading account debt securities $ - $ 188,268 $ - $ 188,268 Mortgage servicing rights $ - $ - $ 2,809 $ 2,809 Total $ - $ 188,268 $ 2,809 $ 191,077 During the quarter ended March 31, 2022, the Corporation retained servicing rights on whole loan sales involving approximately $ 19 million in principal balance outstanding (March 31, 2021 - $ 65 million), with net realized gains of approximately $ 0.2 million (March 31, 2021 - gains of $ 1.3 million). All loan sales performed during the quarters ended March 31, 2022 and 2021 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 quarters ended March 31, 2022 and 2021. Residential MSRs (In thousands) March 31, 2022 March 31, 2021 Fair value at beginning of period $ 121,570 $ 118,395 Additions 2,771 3,636 Changes due to payments on loans [1] ( 2,983) ( 4,094) Reduction due to loan repurchases ( 252) ( 556) Changes in fair value due to changes in valuation model inputs or assumptions 4,252 5,162 Fair value at end of period [2] $ 125,358 $ 122,543 [1] Represents changes due to collection / realization of expected cash flows over time. [2] At March 31, 2022, PB had MSRs amounting to $ 1.8 million (March 31, 2021 - $ 1.0 million). Residential mortgage loans serviced for others were $ 11.9 billion at March 31, 2022 (December 31, 2021 - $ 12.1 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 March 31, 2022, those weighted average mortgage servicing fees were 0.31% (March 31, 2021 - 0.30%). 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 quarters ended March 31, 2022 and 2021 were as follows: Quarters ended March 31, 2022 March 31, 2021 BPPR PB BPPR PB Prepayment speed 5.2 % 10.0 % 8.8 % 21.4 % Weighted average life (in years) 9.4 6.9 7.2 3.5 Discount rate (annual rate) 10.3 % 10.0 % 10.5 % 11.0 % 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 March 31, December 31, March 31, December 31, (In thousands) 2022 2021 2022 2021 Fair value of servicing rights $ 40,155 $ 40,058 $ 85,203 $ 81,512 Weighted average life (in years) 5.9 7.1 6.2 7.5 Weighted average prepayment speed (annual rate) 7.5 % 7.7 % 7.3 % 7.6 % Impact on fair value of 10% adverse change $ ( 598) $ ( 1,500) $ ( 2,186) $ ( 1,486) Impact on fair value of 20% adverse change $ ( 1,376) $ ( 2,359) $ ( 4,091) $ ( 3,495) Weighted average discount rate (annual rate) 11.2 % 11.2 % 11.0 % 11.0 % Impact on fair value of 10% adverse change $ ( 1,326) $ ( 2,079) $ ( 3,726) $ ( 2,731) Impact on fair value of 20% adverse change $ ( 2,754) $ ( 3,452) $ ( 6,991) $ ( 5,832) 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 March 31, 2022, the Corporation serviced $0.7 billion in residential mortgage loans with credit recourse to the Corporation (December 31, 2021 - $0.7 billion). Also refer to Note 19 to the Consolidated Financial Statements 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 March 31, 2022, the Corporation had recorded $ 13 million in mortgage loans on its Consolidated Statements of Financial Condition related to this buy-back option program (December 31, 2021 - $ 13 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 quarter ended March 31, 2022, the Corporation repurchased approximately $ 19 million (March 31, 2021 - $ 44 million) of mortgage loans from its GNMA servicing portfolio. 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, mainly 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.

Other real estate owned

Other real estate owned	3 Months Ended
	Mar. 31, 2022
Other Real Estate [Abstract]
Other Real Estate Owned	Note 11 – Other real estate owned The following tables present the activity related to Other Real Estate Owned (“OREO”), for the quarters ended March 31, 2022 and 2021. For the quarter ended March 31, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,017 $ 70,060 $ 85,077 Write-downs in value ( 364) ( 328) ( 692) Additions 2,687 19,240 21,927 Sales ( 1,980) ( 13,543) ( 15,523) Other adjustments 108 ( 330) ( 222) Ending balance $ 15,468 $ 75,099 $ 90,567 For the quarter ended March 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 ( 307) ( 970) ( 1,277) Additions 3,850 1,873 5,723 Sales ( 1,672) ( 13,860) ( 15,532) Ending balance $ 15,085 $ 56,975 $ 72,060

Other assets

Other assets	3 Months Ended
	Mar. 31, 2022
Other Assets Abstract
Other assets	Note 12 − Other assets The caption of other assets in the consolidated statements of financial condition consists of the following major categories: (In thousands) March 31, 2022 December 31, 2021 Net deferred tax assets (net of valuation allowance) $ 776,243 $ 657,597 Investments under the equity method 313,420 298,988 Prepaid taxes 32,147 37,924 Other prepaid expenses 89,245 79,845 Derivative assets 24,848 26,093 Trades receivable from brokers and counterparties 60,497 65,460 Principal, interest and escrow servicing advances 49,877 53,942 Guaranteed mortgage loan claims receivable 94,401 98,001 Operating ROU assets (Note 27) 132,229 141,748 Finance ROU assets (Note 27) 19,479 13,459 Others 163,461 155,514 Total other assets $ 1,755,847 $ 1,628,571 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 March 31, 2022, the total capitalized implementation costs amounted to $ 21.6 million with an accumulated amortization of $ 9.7 million for a net value of $ 11.9 million, compared to total capitalized implementation costs amounting to $ 18.4 million with an accumulated amortization of $ 8.8 million for a net value of $ 9.6 million as of December 31, 2021. Total amortization expense for all capitalized implementation costs of hosting arrangements that are service contracts for the quarter ended March 31, 2022 was $ 0.9 million (March 31, 2021 - $ 0.8 million).

Goodwill and other intangible a

Goodwill and other intangible assets	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure
Goodwill And Other Intangible Assets	Note 13 – Goodwill and other intangible assets Goodwill There were no changes in the carrying amount of goodwill during the quarters ended March 31, 2022 and 2021. The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments: March 31, 2022 Balance at Balance at March 31, Accumulated March 31, 2022 impairment 2022 (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, 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 Other Intangible Assets At March 31, 2022 and December 31, 2021, the Corporation had $ 0.7 million of identifiable intangible assets with indefinite useful lives. The following table reflects the components of other intangible assets subject to amortization: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value March 31, 2022 Core deposits $ 12,810 $ 9,074 $ 3,736 Other customer relationships 14,286 3,454 10,832 Total other intangible assets $ 27,096 $ 12,528 $ 14,568 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 During the quarter ended March 31, 2022, the Corporation recognized $ 0.9 million in amortization expense related to other intangible assets with definite useful lives (March 31, 2021 - $ 1.1 million). The following table presents the estimated amortization of the intangible assets with definite useful lives for each of the following periods: (In thousands) Remaining 2022 $ 2,384 Year 2023 3,179 Year 2024 2,938 Year 2025 1,750 Year 2026 1,440 Later years 2,877

Deposits

Deposits	3 Months Ended
	Mar. 31, 2022
Deposits [Abstract]
Deposits	Note 14 – Deposits Total interest bearing deposits as of the end of the periods presented consisted of: (In thousands) March 31, 2022 December 31, 2021 Savings accounts $ 16,209,748 $ 15,871,998 NOW, money market and other interest bearing demand deposits 23,465,192 28,736,459 Total savings, NOW, money market and other interest bearing demand deposits 39,674,940 44,608,457 Certificates of deposit: Under $250,000 4,116,459 4,086,059 $250,000 and over 2,974,230 2,626,090 Total certificates of deposit 7,090,689 6,712,149 Total interest bearing deposits $ 46,765,629 $ 51,320,606 A summary of certificates of deposits by maturity at March 31, 2022 follows: (In thousands) 2022 $ 3,914,729 2023 1,112,216 2024 747,887 2025 573,506 2026 508,775 2027 and thereafter 233,576 Total certificates of deposit $ 7,090,689 At March 31, 2022, the Corporation had brokered deposits amounting to $ 0.9 billion (December 31, 2021 - $ 0.8 billion). The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans was $ 6 million at March 31, 2022 (December 31, 2021 - $ 6 million) At March 31, 2022, public sector deposits amounted to $ 14.8 billion. The receipt by the Puerto Rico Government of additional COVID-19 pandemic and hurricane recovery related Federal assistance, and seasonal tax collections, could increase public deposit balances at BPPR in the near term. However, the rate at which public deposit balances may decline is uncertain and difficult to predict. The amount and timing of any such reduction is likely to be impacted by, for example, the speed at which COVID-19 pandemic and hurricane recovery federal assistance is distributed and the financial condition, liquidity and cash management practices of the Puerto Rico Government and its instrumentalities. During the quarter ended March 31, 2022, approximately $ 10.1 billion were withdrawn from the public sector deposits held by the Bank to make debt service payments and other administrative payments pursuant to the Plan of Adjustment for Puerto Rico.

Borrowings

Borrowings	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Borrowings	Note 15 – Borrowings Assets sold under agreements to repurchase Assets sold under agreements to repurchase amounted to $ 73 million at March 31, 2022 and $ 92 million December 31, 2021. 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 March 31, 2022 December 31, 2021 Repurchase Repurchase (In thousands) liability liability U.S. Treasury securities Within 30 days $ 14,525 $ 19,538 After 30 to 90 days 14,975 30,295 After 90 days 32,867 29,036 Total U.S. Treasury securities 62,367 78,869 Mortgage-backed securities Within 30 days 2,763 11,733 After 90 days 7,395 722 Total mortgage-backed securities 10,158 12,455 Collateralized mortgage obligations Within 30 days 294 279 Total collateralized mortgage obligations 294 279 Total $ 72,819 $ 91,603 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. Other short-term borrowings There were no other short-term borrowings outstanding at March 31, 2022, compared to $ 75 million in FHLB Advances at December 31, 2021. Notes Payable The following table presents the composition of notes payable at March 31, 2022 and December 31, 2021. (In thousands) March 31, 2022 December 31, 2021 Advances with the FHLB with maturities ranging from 2022 through 2029 paying interest at monthly fixed rates ranging from 0.39% to 3.18% $ 491,429 $ 492,429 Unsecured senior debt securities maturing on 2023 paying interest semiannually at a fixed rate of 6.125%, net of debt issuance costs of $ 1,841 298,159 297,842 Junior subordinated deferrable interest debentures (related to trust preferred securities) maturing on 2034 with fixed interest rates ranging from 6.125% to 6.564%, net of debt issuance costs of $ 335 198,299 198,292 Total notes payable $ 987,887 $ 988,563 Note: Refer to the Corporation's 2021 Form 10-K for rates information at December 31, 2021. A breakdown of borrowings by contractual maturities at March 31, 2022 is included in the table below. Assets sold under (In thousands) agreements to repurchase Notes payable Total 2022 $ 72,819 $ 102,148 $ 174,967 2023 - 341,420 341,420 2024 - 91,943 91,943 2025 - 139,920 139,920 2026 - 74,500 74,500 Later years - 237,956 237,956 Total borrowings $ 72,819 $ 987,887 $ 1,060,706 At March 31, 2022 and December 31, 2021, the Corporation had FHLB borrowing facilities whereby the Corporation could borrow up to $ 2.9 billion and $ 3.0 billion, respectively, of which $ 0.5 billion and $ 0.6 billion, respectively, were used at each period. In addition, at March 31, 2022 and December 31, 2021, the Corporation had placed $ 0.5 billion and $ 1.2 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 March 31, 2022, the Corporation has a borrowing facility at the discount window of the Federal Reserve Bank of New York amounting to $ 1.3 billion (2021 - $ 1.3 billion), which remained unused at March 31, 2022 and December 31, 2021. The facility is a collateralized source of credit that is highly reliable even under difficult market conditions.

Other liabilities

Other liabilities	3 Months Ended
	Mar. 31, 2022
Other Liabilities Disclosure [Abstract]
Other liabilites	Note 16 − Other liabilities The caption of other liabilities in the consolidated statements of financial condition consists of the following major categories: (In thousands) March 31, 2022 December 31, 2021 Accrued expenses $ 285,700 $ 308,594 Accrued interest payable 26,121 33,227 Accounts payable 99,866 91,804 Dividends payable 42,074 35,937 Trades payable 10,710 13,789 Liability for GNMA loans sold with an option to repurchase 12,570 12,806 Reserves for loan indemnifications 11,148 12,639 Reserve for operational losses 41,836 43,886 Operating lease liabilities (Note 27) 144,484 154,114 Finance lease liabilities (Note 27) 25,665 19,719 Pension benefit obligation 8,496 8,778 Postretirement benefit obligation 159,940 161,988 Others 62,225 70,967 Total other liabilities $ 930,835 $ 968,248

Stockholders' equity

Stockholders' equity	3 Months Ended
	Mar. 31, 2022
Stockholders' Equity Note
Stockholders' Equity	Note 17 – Stockholders’ equity As of March 31, 2022, stockholder’s equity totaled $ 4.7 billion. During the quarter ended March 31, 2022, the Corporation declared cash dividends of $ 0.55 (2021 - $ 0.40) per common share amounting to $ 42.0 million (2021 - $ 33.8 million). The quarterly dividend declared to stockholders of record as of the close of business on March 15, 2022 was paid on April 1, 2022. Accelerated share repurchase transaction (“ASR”) On March 1, 2022, the Corporation announced that on February 28, 2022 it entered into an accelerated share repurchase agreement (the “ASR Agreement”) to repurchase an aggregate of $ 400 million of Corporation’s common stock. Under the terms of the ASR Agreement, on March 2, 2022 the Corporation made an initial payment of $ 400 million and received an initial delivery of 3,483,942 shares of Corporation’s Common Stock (the “Initial Shares”). The transaction was accounted for as a treasury stock transaction. Furthermore, as a result of the receipt of the Initial Shares, the Corporation recognized in shareholders’ equity approximately $ 320 million in treasury stock and $ 80 million as a reduction of capital surplus. Upon the final settlement of the ASR Agreement, the Corporation expects to further adjust its treasury stock and capital surplus accounts to reflect the final delivery or receipt of cash or shares, which will depend on the volume-weighted average price of the Corporation’s common stock during the term of the ASR Agreement, less a discount. The final settlement of the ASR Agreement is expected to occur no later than the third quarter of 2022.

Other comprehensive (loss) inco

Other comprehensive (loss) income	3 Months Ended
	Mar. 31, 2022
Disclosure Of Change In Accumulated Other Comprehensive Income Loss [Abstract]
Other Comprehensive Income (Loss)	Note 18 – Other comprehensive loss The following table presents changes in accumulated other comprehensive loss by component for the quarters ended March 31, 2022 and 2021. Changes in Accumulated Other Comprehensive Loss by Component [1] Quarters ended March 31, (In thousands) 2022 2021 Foreign currency translation Beginning Balance $ ( 67,307) $ ( 71,254) Other comprehensive (loss) income ( 2,858) 569 Net change ( 2,858) 569 Ending balance $ ( 70,165) $ ( 70,685) Adjustment of pension and postretirement benefit plans Beginning Balance $ ( 158,994) $ ( 195,056) Other comprehensive loss before reclassifications 1,269 - Amounts reclassified from accumulated other comprehensive loss for amortization of net losses 2,444 3,242 Net change 3,713 3,242 Ending balance $ ( 155,281) $ ( 191,814) Unrealized net holding (losses) gains on debt securities Beginning Balance $ ( 96,120) $ 460,900 Other comprehensive loss ( 1,075,830) ( 369,945) Net change ( 1,075,830) ( 369,945) Ending balance $ ( 1,171,950) $ 90,955 Unrealized net gains (losses) on cash flow hedges Beginning Balance $ ( 2,648) $ ( 4,599) Other comprehensive income before reclassifications 3,139 1,357 Amounts reclassified from accumulated other comprehensive gains (losses) ( 333) 48 Net change 2,806 1,405 Ending balance $ 158 $ ( 3,194) Total $ ( 1,397,238) $ ( 174,738) [1] All amounts presented are net of tax. The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss during the quarters ended March 31, 2022 and 2021. Reclassifications Out of Accumulated Other Comprehensive Loss Affected Line Item in the Quarters ended March 31, (In thousands) Consolidated Statements of Operations 2022 2021 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ ( 3,911) $ ( 5,190) Total before tax ( 3,911) ( 5,190) Income tax benefit 1,467 1,948 Total net of tax $ ( 2,444) $ ( 3,242) Unrealized net gains (losses) on cash flow hedges Forward contracts Mortgage banking activities $ 978 $ 370 Interest rate swaps Other operating income $ ( 279) $ ( 279) Total before tax 699 91 Income tax expense ( 366) ( 139) Total net of tax $ 333 $ ( 48) Total reclassification adjustments, net of tax $ ( 2,111) $ ( 3,290)

Guarantees

Guarantees	3 Months Ended
	Mar. 31, 2022
Guarantees
Guarantees	Note 19 – Guarantees At March 31, 2022 the Corporation had a liability of $ 0.1 million (December 31, 2021 - $ 0.2 million), which represents the unamortized balance of the obligations undertaken in issuing the guarantees under the standby letters of credit. Management does not anticipate any material losses related to these instruments. From time to time, the Corporation securitized mortgage loans into guaranteed mortgage-backed securities subject to limited, and in certain instances, 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. At March 31, 2022, the Corporation serviced $ 0.7 billion (December 31, 2021 - $ 0.7 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 the quarter ended March 31, 2022, the Corporation repurchased approximately $ 3 million of unpaid principal balance in mortgage loans subject to the credit recourse provisions ( March 31, 2021 - $ 8 million). In the event of nonperformance by the borrower, the Corporation has rights to the underlying collateral securing the mortgage loan. The Corporation suffers ultimate 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 March 31, 2022 the Corporation’s liability established to cover the estimated credit loss exposure related to loans sold or serviced with credit recourse amounted to $ 10 million (December 31, 2021 - $ 12 million). The following table shows the changes in the Corporation’s liability of estimated losses related to loans serviced with credit recourse provisions during the quarters ended March 31, 2022 and 2021. Quarters ended March 31, (In thousands) 2022 2021 Balance as of beginning of period $ 11,800 $ 22,484 Provision for recourse liability 46 817 Net charge-offs ( 1,511) ( 3,057) Balance as of end of period $ 10,335 $ 20,244 When the Corporation sells or securitizes mortgage loans, it generally makes customary representations and warranties regarding the characteristics of the loans sold. 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. During the quarter ended March 31, 2022 the Corporation purchased $ 927 thousand under representation and warranty arrangements. There were no repurchases of loans under representation and warranty arrangements during the quarter ended March 31, 2021. 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. From time to time, the Corporation sells loans and agrees to indemnify the purchaser for credit losses or any breach of certain representations and warranties made in connection with the sale. The following table presents the changes in the Corporation’s liability for estimated losses associated with indemnifications and representations and warranties related to loans sold by BPPR for the quarters ended March 31, 2022 and 2021. Quarters ended March 31, (In thousands) 2022 2021 Balance as of beginning of period $ 839 $ 2,297 Provision (benefit) for representation and warranties 699 ( 119) Net charge-offs ( 725) - Balance as of end of period $ 813 $ 2,178 Servicing agreements relating to the mortgage-backed securities programs of FNMA, FHLMC 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 March 31, 2022, the Corporation serviced $ 11.9 billion in mortgage loans for third-parties, including the loans serviced with credit recourse (December 31, 2021 - $ 12.1 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 March 31, 2022, the outstanding balance of funds advanced by the Corporation under such mortgage loan servicing agreements was approximately $ 50 million (December 31, 2021 - $ 54 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 March 31, 2022 and December 31, 2021. In addition, at March 31, 2022 and December 31, 2021, PIHC fully and unconditionally guaranteed on a subordinated basis $ 193 million 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 in the 2021 Form 10-K for further information on the trust preferred securities.

Commitments and contingencies

Commitments and contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure
Commitments And Contingencies	Note 20 – 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) March 31, 2022 December 31, 2021 Commitments to extend credit: Credit card lines $ 5,480,888 $ 5,382,089 Commercial and construction lines of credit 3,977,223 3,830,601 Other consumer unused credit commitments 248,708 250,229 Commercial letters of credit 3,640 3,260 Standby letters of credit 31,643 27,848 Commitments to originate or fund mortgage loans 113,755 95,372 At March 31, 2022 and December 31, 2021, the Corporation maintained a reserve of approximately $ 7.1 million and $ 7.9 million, respectively, for potential losses associated with unfunded loan commitments related to commercial and construction lines of credit. Other commitments At March 31, 2022, and December 31, 2021, the Corporation also maintained other non-credit commitments for approximately $ 1.0 million, 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 32 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 March 31, 2022, the Corporation’s direct exposure to the Puerto Rico government and its instrumentalities and municipalities totaled $ 364 million, of which $ 346 million were outstanding ($ 367 million and $ 349 million at December 31, 2021). Of the amount outstanding, $ 319 million consists of loans and $ 27 million are securities ($ 319 million and $ 30 million at December 31, 2021). Substantially all of the amount outstanding at March 31, 2022 and March 31, 2021 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 March 31, 2022, 75% of the Corporation’s exposure to municipal loans and securities was concentrated in the municipalities of San Juan, Guaynabo, Carolina and Bayamón. 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 March 31, 2022: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 16 $ - $ 16 $ 16 After 5 to 10 years 1 - 1 1 After 10 years 35 - 35 35 Total Central Government 52 - 52 52 Municipalities Within 1 year 4,440 72,065 76,505 94,694 After 1 to 5 years 13,045 67,472 80,517 80,517 After 5 to 10 years 9,530 123,507 133,037 133,037 After 10 years 230 55,257 55,487 55,487 Total Municipalities 27,245 318,301 345,546 363,735 Total Direct Government Exposure $ 27,297 $ 318,301 $ 345,598 $ 363,787 In addition, at March 31, 2022, the Corporation had $ 268 million in loans insured or securities issued by Puerto Rico governmental entities but for which the principal source of repayment is non-governmental ($ 275 million at December 31, 2021 ). These included $ 225 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, 2021 - $ 232 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 March 31, 2022, $ 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, 2021 - $ 43 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, $ 173 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 March 31, 2022 (compared to $ 1.6 billion, $ 353 million and $ 67 million, respectively, at December 31, 2021). The Corporation also had U.S. Treasury and obligations from the U.S. Government, its agencies or government sponsored entities within the portfolio of available-for-sale securities as described in Note 5 to the Consolidated Financial Statements. At March 31, 2022, 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, 2021 - $ 70 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 March 31, 2022, 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 $ 218 million comprised of various retail and commercial clients, compared to a loan portfolio of $ 221 million at December 31, 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 $ 26.9 million as of March 31, 2022. 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. In May 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. Also, in May 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. In 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 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, which Plaintiffs timely opposed. On February 28, 2022, the Court of Appeals entered a judgment reversing the lower court’s decision, after concluding it was unable to review de novo the denial of the motion for summary judgment since such decision failed to comply with the summary judgment standard. The Court of Appeals remanded the case to the lower court with instructions to enter a summary judgment that identifies the material contested issues of facts that prevents the lower court from granting Popular’s summary judgment motion. On April 22, 2022, the Court of Appeals issued the formal mandate to the Court of First Instance. 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 ACH “item” or transaction and (b) charging both NSF Fees and overdraft fees (“OD Fees”) on the same ACH 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. In April 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. On March 3, 2022, BPPR was also named as a defendant on a putative class action complaint captioned Orama-Caraballo v. Banco Popular, filed before the U.S. District Court for the District of Puerto Rico by the same Plaintiffs’ attorneys of the Soto-Melendez complaint. Similar to the claims set forth in the Soto-Melendez complaint, Plaintiffs allege breach of contract, breach of the covenant of good faith and fair dealing, and unjust enrichment due to the bank’s purported practice of (a) assessing more than one NSF Fee on the same “item” and (b) charging both NSF Fees and OD Fees on the same “item”, but included allegations with respect to “checks” in addition to ACH payments. During a mediation hearing held on April 5, 2022, the parties in both the Soto Melendez and Orama-Caraballo complaints reached a settlement in principle on a class-wide basis subject to final court approval. On April 28, 2022, the parties filed before the Court a notice of settlement and a request to stay the proceedings in both cases while Plaintiffs submit a motion for the preliminary approval of the class action settlement, which is expected to be filed by June 15, 2022. Popular was 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 described Popular’s purported practice of charging OD Fees as “Authorize Positive, Purportedly Settle Negative” (“APPSN”) transactions and alleged 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, Plaintiff 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, Plaintiff 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 alleged that Popular assesses OD Fees over authorized transactions for which sufficient funds are held for settlement. Popular waived service of process and filed a Motion to Compel Arbitration on April 4, 2022. In response to Popular’s motion, Plaintiff filed a Notice of Voluntary Dismissal on April 27, 2022. This matter is now closed. 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. On March 25, 2022, Plaintiffs in both the AB Action and the DR Action perfected their appeals seeking to reverse both partial judgments. Popular has until August 10, 2022 to file a reply brief as to both appeals. 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 March 31, 2022, was named as a respondent (among other broker-dealers) in 60 pending arbitration proceedings with initial claimed amounts of approximately $ 51 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 filed a Motion to Dismiss on March 21, 2022. Plaintiffs are expected to oppose to the Popular Defendants’ motion by May 19, 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 offerin

Non-consolidated variable inter

Non-consolidated variable interest entities	3 Months Ended
	Mar. 31, 2022
Variable Interest Entity
Variable interest entity disclosure	Note 21 – Non-consolidated variable interest entities The Corporation is involved with three statutory trusts which it created 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. The Corporation has also engaged in securitization transactions with FHLMC, but considers its exposure in the form of servicing fees and servicing advances not to be significant at March 31, 2022 . 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 23 to the Consolidated Financial Statements for additional information on the debt securities outstanding at March 31, 2022 and December 31, 2021, 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 March 31, 2022 and December 31, 2021. (In thousands) March 31, 2022 December 31, 2021 Assets Servicing assets: Mortgage servicing rights $ 97,717 $ 94,464 Total servicing assets $ 97,717 $ 94,464 Other assets: Servicing advances $ 7,283 $ 7,968 Total other assets $ 7,283 $ 7,968 Total assets $ 105,000 $ 102,432 Maximum exposure to loss $ 105,000 $ 102,432 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 $ 8.2 billion at March 31, 2022 (December 31, 2021 - $ 8.3 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 March 31, 2022 and December 31, 2021, 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 March 31, 2022.

Related party transactions

Related party transactions	3 Months Ended
	Mar. 31, 2022
Related Party Transactions
Related Party Transactions	Note 22 – Related party transactions The Corporation considers its equity method investees as related parties. The following provides information on transactions with equity method investees considered related parties. EVERTEC 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 March 31, 2022, the Corporation held 11,654,803 shares of EVERTEC, representing an ownership stake of 16.26 % . 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. As disclosed in Note 39 - Subsequent Events - to the financial statements included in Form 10K for the year ended December 31, 2021, o n February 24, 2022, the Corporation and BPPR, entered into an Asset Purchase Agreement (the “Purchase Agreement”), 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 the Corporation, 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”), the Corporation will transfer to EVERTEC Group, as consideration for the Transaction, shares of EVERTEC’s common stock (“EVERTEC Common Stock”) having an aggregate value of approximately $ 197 million, subject to certain purchase price adjustments, based on a price per share of $ 42.84, which value was determined at the time of entering into the Purchase Agreement. As a result of this transfer, the Corporation 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. As part of the transaction, the Corporation has also agreed to reduce its voting interest in EVERTEC below 4.5%, whether through selling shares of EVERTEC common stock or a conversion of such shares into non-voting preferred stock. The Corporation expects to sell down its stake in EVERTEC below 4.5% following the closing and intends to return to shareholders, via common stock repurchases, the after-tax gains resulting from such sale, subject to the receipt of regulatory approvals. Additionally, as part of the Closing, the Corporation 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 the Corporation, BPPR and their respective subsidiaries, which services are provided under the currently effective MSA . The Corporation recorded $ 0.6 million in dividends distributions during the quarter ended March 31, 2022 from its investments in EVERTEC (March 31, 2021 - $ 0.6 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 Statements of Financial Condition. (In thousands) March 31, 2022 December 31, 2021 Equity investment in EVERTEC $ 119,579 $ 110,299 The Corporation had the following financial condition balances outstanding with EVERTEC at March 31, 2022 and December 31, 2021. Items that represent liabilities to the Corporation are presented with parenthesis. (In thousands) March 31, 2022 December 31, 2021 Accounts receivable (Other assets) $ 5,640 $ 5,668 Deposits ( 157,209) ( 150,737) Accounts payable (Other liabilities) ( 1,242) ( 3,431) Net total $ ( 152,811) $ ( 148,500) 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 quarters ended March 31, 2022 and 2021. Quarters ended March 31, (In thousands) 2022 2021 Share of income from investment in EVERTEC $ 6,318 $ 5,734 Share of other changes in EVERTEC's stockholders' equity 1,787 178 Share of EVERTEC's changes in equity recognized in income $ 8,105 $ 5,912 The following table presents 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 quarters ended March 31, 2022 and 2021. Items that represent expenses to the Corporation are presented with parenthesis. Quarters ended March 31, (In thousands) 2022 2021 Category Interest expense on deposits $ ( 132) $ ( 89) Interest expense ATH and credit cards interchange income from services to EVERTEC 6,683 6,454 Other service fees Rental income charged to EVERTEC 1,681 1,547 Net occupancy Processing fees on services provided by EVERTEC ( 62,222) ( 60,141) Professional fees Other services provided to EVERTEC 218 121 Other operating expenses Total $ ( 53,772) $ ( 52,108) Centro Financiero BHD León At March 31, 2022, 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 quarter ended March 31, 2022, the Corporation recorded $ 7.4 million in earnings from its investment in BHD León (March 31, 2021 - $ 6.4 million), which had a carrying amount of $ 185.3 million at March 31, 2022 (December 31, 2021 - $ 160.1 million). There were no dividends distributions received by the Corporation from its investment in BHD León, during the quarter ended March 31, 2022 and 2021. 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 quarter ended March 31, 2022 administrative fees charged to these investment companies amounted to $ 0.7 million (March 31, 2021 - $ 1.2 million) and waived fees amounted to $ 0.3 million (March 31, 2021 - $ 0.5 million), for a net fee of $ 0.4 million (March 31, 2021 - $ 0.7 million). The Corporation, through its subsidiary BPPR, had also entered into certain uncommitted credit facilities with those investment companies . 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. During the year ended December 31, 2021, these credit facilities expired.

Fair value measurement

Fair value measurement	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures
Fair Value Measurement	Note 23 – 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. There have been no changes in the Corporation’s methodologies used to estimate the fair value of assets and liabilities from those disclosed in the 2021 Form 10-K. 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 March 31, 2022 and December 31, 2021 : At March 31, 2022 (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 $ 1,799,951 $ 16,379,160 $ - $ - $ 18,179,111 Obligations of U.S. Government sponsored entities - 71 - - 71 Collateralized mortgage obligations - federal agencies - 191,215 - - 191,215 Mortgage-backed securities - 7,988,614 793 - 7,989,407 Other - 111 - - 111 Total debt securities available-for-sale $ 1,799,951 $ 24,559,171 $ 793 $ - $ 26,359,915 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 16,686 $ - $ - $ - $ 16,686 Obligations of Puerto Rico, States and political subdivisions - 81 - - 81 Collateralized mortgage obligations - 53 174 - 227 Mortgage-backed securities - 18,779 - - 18,779 Other - - 267 - 267 Total trading account debt securities, excluding derivatives $ 16,686 $ 18,913 $ 441 $ - $ 36,040 Equity securities $ - $ 30,872 $ - $ 166 $ 31,038 Mortgage servicing rights - - 125,358 - 125,358 Derivatives - 24,848 - - 24,848 Total assets measured at fair value on a recurring basis $ 1,816,637 $ 24,633,804 $ 126,592 $ 166 $ 26,577,199 Liabilities Derivatives $ - $ ( 20,218) $ - $ - $ ( 20,218) Contingent consideration - - ( 9,241) - ( 9,241) Total liabilities measured at fair value on a recurring basis $ - $ ( 20,218) $ ( 9,241) $ - $ ( 29,459) 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) 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 quarters ended March 31, 2022 and 2021 and excludes nonrecurring fair value measurements of assets no longer outstanding as of the reporting date. Quarter ended March 31, 2022 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 4,891 $ 4,891 $ ( 180) Loans held-for-sale [2] - - 55,150 55,150 ( 675) Other real estate owned [3] - - 1,432 1,432 ( 495) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 61,473 $ 61,473 $ ( 1,350) [1] Relates mainly 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. Quarter ended March 31, 2021 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 2,384 $ 2,384 $ ( 406) Loans held-for-sale [2] - - 3,549 3,549 ( 846) Other real estate owned [3] - - 6,205 6,205 ( 1,073) Other foreclosed assets [3] - - 48 48 ( 7) Long-lived assets held-for-sale [4] - - 2,728 2,728 ( 303) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 14,914 $ 14,914 $ ( 2,635) [1] Relates mainly 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] 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 quarters ended March 31, 2022 and 2021 . Quarter ended March 31, 2022 MBS CMOs Other classified classified securities as debt as trading classified securities account as trading Mortgage available- debt account debt servicing Total Contingent Total (In thousands) for-sale securities securities rights assets consideration liabilities Balance at December 31, 2021 $ 826 $ 198 $ 280 $ 121,570 $ 122,874 $ 9,241 $ 9,241 Gains (losses) included in earnings - ( 1) ( 13) 1,017 1,003 - - Gains (losses) included in OCI ( 8) - - - ( 8) - - Additions - 2 - 2,771 2,773 - - Settlements ( 25) ( 25) - - ( 50) - - Balance at March 31, 2022 $ 793 $ 174 $ 267 $ 125,358 $ 126,592 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at March 31, 2022 $ - $ ( 1) $ 5 $ 4,252 $ 4,256 $ - $ - Quarter ended March 31, 2021 MBS Other classified CMOs securities as investment classified classified securities as trading as trading Mortgage available- account account servicing Total (In thousands) for-sale securities securities rights assets Balance at December 31, 2020 $ 1,014 $ 278 $ 381 $ 118,395 $ 120,068 Gains (losses) included in earnings - - ( 9) 512 503 Gains (losses) included in OCI ( 5) - - - ( 5) Additions - 1 - 3,636 3,637 Settlements ( 75) ( 28) - - ( 103) Balance at March 31, 2021 $ 934 $ 251 $ 372 $ 122,543 $ 124,100 Changes in unrealized gains (losses) included in earnings relating to assets still held at March 31, 2021 $ - $ - $ 4 $ 5,162 $ 5,166 Gains and losses (realized and unrealized) included in earnings for the quarters ended March 31, 2022 and 2021 for Level 3 assets and liabilities included in the previous tables are reported in the consolidated statements of operations as follows: Quarter ended March 31, 2022 Quarter ended March 31, 2021 Changes in unrealized Changes in unrealized Total gains gains (losses) relating to Total gains gains (losses) relating to (losses) included assets still held at (losses) included assets still held at (In thousands) in earnings reporting date in earnings reporting date Mortgage banking activities $ 1,017 $ 4,252 $ 512 $ 5,162 Trading account (loss) profit ( 14) 4 ( 9) 4 Total $ 1,003 $ 4,256 $ 503 $ 5,166 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 March 31, 2022 and 2021. Fair value at March 31, (In thousands) 2022 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 174 Discounted cash flow model Weighted average life 0.7 years ( 0.5 - 1.0 years) Yield 3.9% ( 3.9% - 4.5%) Prepayment speed 8.4% ( 0.1% - 15.7%) Other - trading $ 267 Discounted cash flow model Weighted average life 2.9 years Yield 12.0% Prepayment speed 10.8% Contingent consideration $ ( 9,241) Probability weighted discounted cash flows Discount rate 2.52% Loans held-in-portfolio $ 4,653 [2] External appraisal Haircut applied on external appraisals 12.6% [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. Fair value at March 31, (In thousands) 2021 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 251 Discounted cash flow model Weighted average life 1.1 years ( 0.3 - 1.3 years) Yield 3.6% ( 3.6% - 4.1%) Prepayment speed 12.9% ( 10.4% - 18.3%) Other - trading $ 372 Discounted cash flow model Weighted average life 3.6 years Yield 12.0% Prepayment speed 10.8% Mortgage servicing rights $ 122,543 Discounted cash flow model Prepayment speed 6.0% ( 0.4% - 24.6)%) Weighted average life 6.3 years ( 0.1 - 12.8 years) Discount rate 11.1% ( 9.5% - 14.7%) Loans held-in-portfolio $ 2,162 [2] External appraisal Haircut applied on external appraisals 16.3% ( 12.6% - 21.4%) Other real estate owned $ 5,772 [3] External appraisal Haircut applied on external appraisals 22.1% ( 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. Effective the fourth quarter 2021, the mortgage servicing rights fair value was provided by a third-party valuation specialist. Refer to Note 10 to the Consolidated Financial Statements 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

Fair value of financial instrum

Fair value of financial instruments	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures
Fair Value of Financial Instruments	Note 24 – 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 March 31, 2022 and December 31, 2021, 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. March 31, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 439,148 $ 439,148 $ - $ - $ - $ 439,148 Money market investments 10,069,692 10,063,392 6,300 - - 10,069,692 Trading account debt securities, excluding derivatives [1] 36,040 16,686 18,913 441 - 36,040 Debt securities available-for-sale [1] 26,359,915 1,799,951 24,559,171 793 - 26,359,915 Debt securities held-to-maturity: Obligations of Puerto Rico, States and political subdivisions $ 62,156 $ - $ - $ 69,897 $ - $ 69,897 Collateralized mortgage obligation-federal agency 24 - - 25 - 25 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities held-to-maturity $ 68,140 $ - $ 5,960 $ 69,922 $ - $ 75,882 Equity securities: FHLB stock $ 55,648 $ - $ 55,648 $ - $ - $ 55,648 FRB stock 96,747 - 96,747 - - 96,747 Other investments 33,953 - 30,872 3,704 166 34,742 Total equity securities $ 186,348 $ - $ 183,267 $ 3,704 $ 166 $ 187,137 Loans held-for-sale $ 55,150 $ - $ - $ 55,150 $ - $ 55,150 Loans held-in-portfolio 28,910,398 - - 28,008,363 - 28,008,363 Mortgage servicing rights 125,358 - - 125,358 - 125,358 Derivatives 24,848 - 24,848 - - 24,848 March 31, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 55,771,606 $ - $ 55,771,606 $ - $ - $ 55,771,606 Time deposits 7,090,689 - 6,912,361 - - 6,912,361 Total deposits $ 62,862,295 $ - $ 62,683,967 $ - $ - $ 62,683,967 Assets sold under agreements to repurchase $ 72,819 $ - $ 72,889 $ - $ - $ 72,889 Notes payable: FHLB advances $ 491,429 $ - $ 477,283 $ - $ - $ 477,283 Unsecured senior debt securities 298,159 - 312,375 - - 312,375 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,299 - 206,425 - - 206,425 Total notes payable $ 987,887 $ - $ 996,083 $ - $ - $ 996,083 Derivatives $ 20,218 $ - $ 20,218 $ - $ - $ 20,218 Contingent consideration $ 9,241 $ - $ - $ 9,241 $ - $ 9,241 [1] Refer to Note 23 to the Consolidated Financial Statements for the fair value by class of financial asset and its hierarchy level. 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 23 to the Consolidated Financial Statements for the fair value by class of financial asset and its hierarchy level. [2] Refer to Note 15 to the Consolidated Financial Statements for the composition of other short-term borrowings. The notional amount of commitments to extend credit at March 31, 2022 and December 31, 2021 is $ 9.7 billion and $ 9.5 billion, respectively, and represents the unused portion of credit facilities granted to customers. The notional amount of letters of credit at March 31, 2022 and December 31, 2021 is $ 35 million and $ 31 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.

Net income per common share

Net income per common share	3 Months Ended
	Mar. 31, 2022
Earnings Per Share
Net Income (Loss) Per Common Share	Note 25 – Net income per common share The following table sets forth the computation of net income per common share (“EPS”), basic and diluted, for the quarters ended March 31, 2022 and 2021 : Quarters ended March 31, (In thousands, except per share information) 2022 2021 Net income $ 211,686 $ 262,632 Preferred stock dividends ( 353) ( 353) Net income applicable to common stock $ 211,333 $ 262,279 Average common shares outstanding 78,443,706 83,899,769 Average potential dilutive common shares 151,757 152,166 Average common shares outstanding - assuming dilution 78,595,463 84,051,935 Basic EPS $ 2.69 $ 3.13 Diluted EPS $ 2.69 $ 3.12 As disclosed in Note 17 to the Consolidated Financial Statements, during the quarter ended March 31, 2022, the Corporation entered into a $ 400 million accelerated share repurchase transaction (“ASR”) and, in connection therewith, received an initial delivery of 3,483,942 shares of common stock. The initial share delivery was accounted for as a treasury stock transaction. As part of this transaction, the Corporation entered into a forward contract, which remains outstanding as of March 31, 2022, for which the Corporation expects to receive additional shares upon termination of the ASR agreement. The dilutive EPS computation excludes 1,379,886 shares that at March 31, 2022 were estimated to be received under the ASR since the effect would be antidilutive. For the quarters ended March 31, 2022 and 2021, the Corporation calculated the impact of potential dilutive common shares under the treasury stock method, consistent with the method used for the preparation of the financial statements for the year ended December 31, 2021. For a discussion of the calculation under the treasury stock method, refer to Note 31 of the Consolidated Financial Statements included in the 2021 Form 10-K.

Revenue from contract with cust

Revenue from contract with customers	3 Months Ended
	Mar. 31, 2022
Revenue From Contract With Customer Abstract
Revenue From Contract With Customer Text Block	Note 26 – Revenue from contracts with customers The following table presents the Corporation’s revenue streams from contracts with customers by reportable segment for the quarters ended March 31, 2022 and 2021 Quarters ended March 31, (In thousands) 2022 2021 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 37,985 $ 2,728 $ 36,859 $ 2,761 Other service fees: Debit card fees 11,562 217 11,342 235 Insurance fees, excluding reinsurance 10,038 1,322 8,238 609 Credit card fees, excluding late fees and membership fees 30,222 324 25,410 248 Sale and administration of investment products 5,791 - 5,540 - Trust fees 6,149 - 6,015 - Total revenue from contracts with customers [1] $ 101,747 $ 4,591 $ 93,404 $ 3,853 [1] The amounts include intersegment transactions of $ 1.5 million and $ 0.3 million, respectively, for the quarters ended March 31, 2022 and 2021. 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	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	Note 27 – 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 31.8 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 12 and Note 16 to the Consolidated Financial Statements, 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. The following table presents the undiscounted cash flows of operating and finance leases for each of the following periods: March 31, 2022 (In thousands) Remaining 2022 2023 2024 2025 2026 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 22,112 $ 27,896 $ 26,483 $ 23,555 $ 15,113 $ 47,965 $ 163,124 $ ( 18,640) $ 144,484 Finance Leases 3,060 4,167 4,264 4,376 4,025 9,668 29,560 ( 3,895) 25,665 The following table presents the lease cost recognized by the Corporation in the Consolidated Statements of Operations as follows: Quarters ended March 31, (In thousands) 2022 2021 Finance lease cost: Amortization of ROU assets $ 759 $ 581 Interest on lease liabilities 308 273 Operating lease cost 7,627 7,055 Short-term lease cost 55 87 Variable lease cost 23 30 Sublease income ( 9) ( 19) Total lease cost [1] $ 8,763 $ 8,007 [1] Total lease cost is recognized as part of net occupancy expense. The following table presents supplemental cash flow information and other related information related to operating and finance leases. Quarters ended March 31, (Dollars in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases [1] $ 7,506 $ 15,197 Operating cash flows from finance leases 308 273 Financing cash flows from finance leases [1] 833 1,133 ROU assets obtained in exchange for new lease obligations: Operating leases $ 1,553 $ 2,394 Weighted-average remaining lease term: Operating leases 7.6 years 8.2 years Finance leases 8.7 years 8.9 years Weighted-average discount rate: Operating leases 2.8 % 3.0 % Finance leases 4.4 % 5.1 % [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. As of March 31, 2022, the Corporation has additional operating and finance leases contracts that have not yet commenced with an undiscounted contract amount of $ 15.3 million and $ 2.2 million, respectively, which will have lease terms ranging from 10 to 20 years.

Pension and postretirement bene

Pension and postretirement benefits	3 Months Ended
	Mar. 31, 2022
Employee benefits
Pension and postretirement benefits	Note 28 – Pension and postretirement benefits The Corporation has a non-contributory defined benefit pension plan and supplementary pension benefit restoration plans for regular employees of certain of its subsidiaries (the “Pension Plans”). The accrual of benefits under the Pension Plans is frozen to all participants. The Corporation also provides certain postretirement health care benefits for retired employees of certain subsidiaries (the “OPEB Plan”). The components of net periodic cost for the Pension Plans and the OPEB Plan for the periods presented were as follows: Pension Plans OPEB Plan Quarters ended March 31, Quarters ended March 31, (In thousands) 2022 2021 2022 2021 Personnel Cost: Service cost $ - $ - $ 121 $ 159 Other operating expenses: Interest cost 4,800 3,998 983 893 Expected return on plan assets ( 8,847) ( 9,670) - - Amortization of prior service cost/(credit) - - - - Amortization of net loss 3,911 4,720 - 470 Total net periodic pension cost $ ( 136) $ ( 952) $ 1,104 $ 1,522 The Corporation paid the following contributions to the plans for the three months ended March 31, 2022 and expects to pay the following contributions for the year ending December 31, 2022. For the three months ended For the year ending (In thousands) March 31, 2022 December 31, 2022 Pension Plans $ 57 $ 227 OPEB Plan $ 1,645 $ 5,971

Stock-based compensation

Stock-based compensation	3 Months Ended
	Mar. 31, 2022
Disclosure of compensation related costs sharebased payments [Abstract]
Stock-based Compensation	Note 29 - Stock-based compensation On May 12, 2020, the stockholders 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 Talent and 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 (“RSU”) 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 granted prior to 2021 was determined based on a two-prong vesting schedule. The first part is vested ratably over five or four years commencing at the date of grant (“the graduated vesting portion”) and the second part is vested at termination of employment after attainment of 55 years of age and 10 years of service or 60 years of age and 5 years of service (“the retirement vesting portion”). 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 on the classification of the employee. The vesting schedule 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. 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, depending on the date of the grant, the Absolute Return on Average Assets (“ROA”) goal or the Absolute Return on Average Tangible Common Equity (“ROATCE”). 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 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 ROA or ROATCE goal as of each reporting period. The TSR and 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 (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 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 Granted 109,441 87.10 Performance Shares Quantity Adjustment 20,608 77.65 Vested ( 169,260) 71.47 Non-vested at March 31, 2022 282,672 $ 51.23 During the quarter ended March 31, 2022, 52,584 shares of restricted stock (March 31, 2021 - 53,239) and 56,857 performance shares ( March 31, 2021 - 71,374) were awarded to management under the Incentive Plan. During the quarter ended March 31, 2022, the Corporation recognized $ 4.5 million of restricted stock expense related to management incentive awards, with a tax benefit of $ 0.5 million (March 31, 2021 - $ 3.9 million, with a tax benefit of $ 0.5 million). For the quarter ended March 31, 2022, the fair market value of the restricted stock and performance shares vested was $ 8.0 million at grant date and $ 14.7 million at vesting date. This differential triggers a windfall, of $ 2.5 million that was recorded as a reduction in income tax expense. For the quarter ended March 31, 2022 , the Corporation recognized $ 3.7 million of performance shares expense, with a tax benefit of $ 0.3 million ( March 31, 2021 - $ 4.3 million, with a tax benefit of $ 0.4 million) . The total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management at March 31, 2022 was $ 9.5 million and is expected to be recognized over a weighted-average period of 2.05 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 units Weighted-Average Grant Date Fair Value per Unit Non-vested at December 31, 2020 $ - $ - Granted 20,638 78.20 Vested ( 20,638) 78.20 Forfeited - - Non-vested at December 31, 2021 $ - $ - Granted 530 82.73 Vested ( 530) 82.73 Forfeited - - Non-vested at March 31, 2022 $ - $ - 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 on May 2019 all equity awards granted to the Directors may be paid in either restricted stocks or RSU, at the Directors’ election. If RSU are elected the Directors may defer the delivery of the shares of common stocks underlying the RSU award after their retirement. To the extent that cash dividends are paid on the Corporation’s outstanding common stocks, the Directors will receive an additional number of RSU that reflect reinvested dividend equivalent. For 2020, 2021 and 2022, all Directors elected RSU. During the quarter ended March 31, 2022, 530 RSU were granted to the Directors (March 31, 2021 - 524). During this period, the Corporation recognized $ 44 thousand of restricted stock expense related to these RSU, with a tax benefit of $ 8 thousand (March 31, 2021 - $ 29 thousand, with a tax benefit of $ 5 thousand). The fair value at vesting date of the RSU vested during the quarter ended March 31, 2022 for directors was $ 44 thousand

Income taxes

Income taxes	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure
Income Taxes	Note 30 – Income taxes The reason 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: Quarters ended March 31, 2022 March 31, 2021 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 98,312 38 % $ 127,299 38 % Net benefit of tax exempt interest income ( 36,489) ( 14) ( 34,163) ( 10) Deferred tax asset valuation allowance 3,891 1 10,321 3 Difference in tax rates due to multiple jurisdictions ( 6,493) ( 2) ( 10,948) ( 3) Effect of income subject to preferential tax rate ( 3,945) ( 2) ( 3,329) ( 1) Adjustment due to estimate on the annual effective rate ( 6,380) ( 2) ( 10,328) ( 3) State and local taxes 3,665 1 61 - Others ( 2,082) ( 1) ( 2,082) ( 1) Income tax expense $ 50,479 19 % $ 76,831 23 % For the quarter ended March 31, 2022, the Corporation recorded an income tax expense of $ 50.5 million compared to $ 76.8 million for the quarter ended March 31, 2021. The decrease in income tax expense was primarily due to lower pre-tax income and higher tax-exempt income . The following table presents a breakdown of the significant components of the Corporation’s deferred tax assets and liabilities. March 31, 2022 (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 117,016 663,751 780,767 Postretirement and pension benefits 54,701 - 54,701 Deferred loan origination fees/cost 245 - 245 Allowance for credit losses 228,627 30,955 259,582 Accelerated depreciation 5,246 7,350 12,596 FDIC-assisted transaction 152,665 - 152,665 Intercompany deferred gains 1,739 - 1,739 Lease liability 31,292 22,856 54,148 Unrealized net gain on trading and available-for-sale securities 138,994 9,600 148,594 Difference in outside basis from pass-through entities 52,251 - 52,251 Other temporary differences 36,380 8,547 44,927 Total gross deferred tax assets 819,417 745,840 1,565,257 Deferred tax liabilities: Indefinite-lived intangibles 77,467 52,012 129,479 Right of use assets 29,103 19,310 48,413 Deferred loan origination fees/cost - 3,635 3,635 Other temporary differences 44,079 1,530 45,609 Total gross deferred tax liabilities 150,649 76,487 227,136 Valuation allowance 132,449 430,447 562,896 Net deferred tax asset $ 536,319 $ 238,906 $ 775,225 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 The net deferred tax asset shown in the table above at March 31, 2022 is reflected in the consolidated statements of financial condition as $ 0.8 billion in net deferred tax assets in the “Other assets” caption (December 31, 2021 - $ 0.7 billion) and $ 1.0 million in deferred tax liabilities in the “Other liabilities” caption (December 31, 2021 - $ 825 thousand), reflecting the aggregate deferred tax assets or liabilities of individual tax-paying subsidiaries of the Corporation in their respective tax jurisdiction, Puerto Rico or the United States. At March 31, 2022 the net deferred tax asset of the U.S. operations amounted to $ 669 million with a valuation allowance of approximately $ 430 million, for a net deferred tax asset after valuation allowance of approximately $ 239 million. The Corporation evaluates the realization of the deferred tax asset by taxing jurisdiction. The U.S. operation had sustained profitability for the year ended December 31, 2021, and the quarter ended March 31, 2022. 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 December 31,2021 and the quarter ended March 31,2022 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 challenges to the economy due to new variants of COVID-19 and geopolitical uncertainty. As of March 31, 2022 , after weighting all positive and negative evidence, the Corporation concluded that it is more likely than not that approximately $ 239 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 March 31, 2022, that could result in future adjustments to the valuation allowance. At March 31, 2022, the Corporation’s net deferred tax assets related to its Puerto Rico operations amounted to $ 536 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 March 31, 2022. This is considered a strong piece of objectively verifiable positive evidence that outweighs 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 March 31, 2022 . Management expects these losses will be a trend in future years. This objectively verifiable negative evidence is considered by management strong negative evidence that will suggest that income in future years will be insufficient to support the realization of all deferred tax assets. 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 valuation allowance on the deferred tax asset of $ 132 million as of March 2022. The reconciliation of unrecognized tax benefits, excluding interest, was as follows: (In millions) 2022 2021 Balance at January 1 $ 3.5 $ 14.8 Balance at March 31 $ 3.5 $ 14.8 At March 31, 2022, the total amount of accrued interest recognized in the statement of financial condition approximated $ 2.8 million (December 31, 2021 - $ 2.8 million). The total interest expense recognized at March 31, 2022 was $ 83 thousand, (March 31, 2021 - $ 364 thousand). Management determined that at March 31, 2022 and December 31, 2021 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, would affect the Corporation’s effective tax rate, was approximately $ 5.6 million at March 31, 2022 (December 31, 2021 - $ 5.5 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 statutes of limitation, 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. At March 31, 2022 , 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	3 Months Ended
	Mar. 31, 2022
Supplemental Cash Flow Information
Supplemental Disclosure on the Consolidated Statements of Cash Flows	Note 31 – Supplemental disclosure on the consolidated statements of cash flows Additional disclosures on cash flow information and non-cash activities for the quarters ended March 31, 2022 and March 31, 2021 are listed in the following table: (In thousands) March 31, 2022 March 31, 2021 Non-cash activities: Loans transferred to other real estate $ 18,647 $ 2,900 Loans transferred to other property 13,425 13,029 Total loans transferred to foreclosed assets 32,072 15,929 Loans transferred to other assets 2,228 1,156 Financed sales of other real estate assets 2,109 3,206 Financed sales of other foreclosed assets 9,384 9,417 Total financed sales of foreclosed assets 11,493 12,623 Financed sale of premises and equipment 11,738 - Transfers from loans held-in-portfolio to loans held-for-sale 7,607 38,959 Transfers from loans held-for-sale to loans held-in-portfolio 786 1,136 Loans securitized into investment securities [1] 142,702 188,268 Trades receivable from brokers and counterparties 60,186 70,965 Trades payable to brokers and counterparties 10,710 12,180 Recognition of mortgage servicing rights on securitizations or asset transfers 2,771 3,636 Loans booked under the GNMA buy-back option 4,961 7,393 Capitalization of lease right of use asset 3,689 1,774 [1] Includes loans securitized into trading securities and subsequently sold before quarter 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) March 31, 2022 March 31, 2021 Cash and due from banks $ 381,658 $ 489,084 Restricted cash and due from banks 57,490 6,831 Restricted cash in money market investments 6,300 6,110 Total cash and due from banks, and restricted cash [2] $ 445,448 $ 502,025 [2] Refer to Note 4 - Restrictions on cash and due from banks and certain securities for nature of restrictions.

Segment reporting

Segment reporting	3 Months Ended
	Mar. 31, 2022
Segment reporting disclosure
Segment Reporting	Note 32 – 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: The Banco Popular de Puerto Rico reportable segment includes commercial, consumer and retail banking operations conducted at BPPR. It also includes the lending operations of Popular Auto and Popular Mortgage. Other financial services within the BPPR segment 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, Popular Life Re, and Popular Re. 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: 2022 For the quarter ended March 31, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 415,169 $ 86,520 $ 1 Provision for credit losses (benefit) ( 13,690) ( 2,019) - Non-interest income 135,862 5,954 ( 137) Amortization of intangibles 484 407 - Depreciation expense 11,517 1,824 - Other operating expenses 334,878 53,639 ( 136) Income tax expense 39,316 11,592 - Net income $ 178,526 $ 27,031 $ - Segment assets $ 58,708,519 $ 10,579,410 $ ( 167,754) For the quarter ended March 31, 2022 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 501,690 $ ( 7,378) $ - $ 494,312 Provision for credit losses (benefit) ( 15,709) 209 - ( 15,500) Non-interest income 141,679 14,265 ( 1,252) 154,692 Amortization of intangibles 891 - - 891 Depreciation expense 13,341 289 - 13,630 Other operating expenses 388,381 444 ( 1,007) 387,818 Income tax expense (benefit) 50,908 ( 332) ( 97) 50,479 Net income $ 205,557 $ 6,277 $ ( 148) $ 211,686 Segment assets $ 69,120,175 $ 5,490,318 $ ( 5,085,411) $ 69,525,082 2021 For the quarter ended March 31, 2021 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 410,323 $ 79,169 $ 2 Provision for credit losses (benefit) ( 45,361) ( 36,720) - Non-interest income 135,208 5,666 ( 138) Amortization of intangibles 861 166 - Depreciation expense 12,143 2,328 - Other operating expenses 306,920 53,194 ( 136) Income tax expense 58,813 18,035 - Net income $ 212,155 $ 47,832 $ - Segment assets $ 55,990,801 $ 10,557,751 $ ( 41,613) For the quarter ended March 31, 2021 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 489,494 $ ( 10,382) $ - $ 479,112 Provision for credit losses (benefit) ( 82,081) ( 145) - ( 82,226) Non-interest income 140,736 13,150 ( 233) 153,653 Amortization of intangibles 1,027 24 - 1,051 Depreciation expense 14,471 267 - 14,738 Other operating expenses 359,978 670 ( 909) 359,739 Income tax expense (benefit) 76,848 ( 333) 316 76,831 Net income $ 259,987 $ 2,285 $ 360 $ 262,632 Segment assets $ 66,506,939 $ 5,193,058 $ ( 4,829,729) $ 66,870,268 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 quarter ended March 31, 2022 , the BPPR segment generated approximately $ 12.0 million ( 2021 - $ 12.7 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 $ 10.8 million in revenues ( 2021 - $ 11.6 million) from its operations in the U.S. and British Virgin Islands. At March 31, 2022 , total assets for the BPPR segment related to its operations in the United States amounted to $ 700 million (December 31, 2021 - $ 589 million). Geographic Information Quarter ended (In thousands) March 31, 2022 March 31, 2021 Revenues: [1] Puerto Rico $ 527,673 $ 518,709 United States 103,174 96,012 Other 18,157 18,044 Total consolidated revenues $ 649,004 $ 632,765 [1] Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net (loss) gain, including impairment on equity securities, net loss on trading account debt securities, indemnity reserves on loans sold expense and other operating income. Selected Balance Sheet Information: (In thousands) March 31, 2022 December 31, 2021 Puerto Rico Total assets $ 56,904,970 $ 63,221,282 Loans 19,823,507 19,770,118 Deposits 53,004,727 57,211,608 United States Total assets $ 11,234,624 $ 10,986,055 Loans 9,201,713 8,903,493 Deposits 7,843,062 7,777,232 Other Total assets $ 1,385,488 $ 890,562 Loans 618,120 626,115 Deposits [1] 2,014,506 2,016,248 [1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

Basis of presentation (Policies

Basis of presentation (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies
Consolidation	Basis of Presentation The consolidated interim financial statements have been prepared without audit. The Consolidated Statement of Financial Condition data at December 31, 2021 was derived from audited financial statements. The unaudited interim financial statements are, in the opinion of management, a fair statement of the results for the periods reported and include all necessary adjustments, all of a normal recurring nature, for a fair statement of such results. Certain information and note disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted from the unaudited financial statements pursuant to the rules and regulations of the Securities and Exchange Commission. Accordingly, these financial statements should be read in conjunction with the audited Consolidated Financial Statements of the Corporation for the year ended December 31, 2021, included in the Corporation’s 2021 Form 10-K. Operating results for the interim periods disclosed herein are not necessarily indicative of the results that may be expected for a full year or any future period.
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.

New Accounting Pronouncements (

New Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies
New accounting pronouncements policies	Recently Adopted Accounting Standards Updates Standard Description Date of adoption Effect on the financial statements 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 was not impacted by the adoption of ASU 2021-05 during the first quarter of 2022 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 The Corporation was not impacted by the adoption of ASU 2021-04 during the first quarter of 2022 since it does not hold freestanding equity-classified written call options under the scope of this guidance. 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 The Corporation adopted ASU 2020-06 during the first quarter of 2022. There was no material impact upon the adoption in the analysis of the accelerated share repurchase transaction discussed in Note 17, which was classified as an equity instrument and the related potential shares were considered in its dilutive earnings per share calculation. Accounting Standards Updates Not Yet Adopted Standard Description Date of adoption Effect on the financial statements FASB ASU 2022-02, Financial Instruments—Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures The FASB issued ASU 2022-02 in March 2022, which eliminates the accounting guidance for TDRs in Subtopic 310-40 Receivables—Troubled Debt Restructurings by Creditors and requires to apply the loan refinancing and restructuring guidance to determine whether a modification results in a new loan or a continuation of an existing loan. In addition, the ASU enhances the disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty and enhances the vintage disclosure by requiring to disclose current-period gross write-offs by year of origination for financing receivables and net investments in leases. January 1, 2023 The Corporation is currently evaluating the impact that the adoption of this guidance will have on its presentation and disclosures. FASB ASU 2022-01, Derivatives and Hedging (Topic 815) – Fair Value Hedging—Portfolio Layer Method The FASB issued ASU 2022-01 in March 2022, which amends ASC Topic 815 by allowing non prepayable financial assets also to be included in a closed portfolio hedged using the portfolio layer method. This amendment permits an entity to apply fair value hedging to a stated amount of a closed portfolio of prepayable and non-prepayable financial assets without considering prepayment risk or credit risk when measuring those assets. January 1, 2023 The Corporation is currently evaluating the impact of this amendment on its consolidated financial statements. For other recently issued Accounting Standards Updates not yet effective, refer to Note 3 to the Consolidated Financial Statements included in the 2021 Form 10-K.

Fair Value Measurement (Policie

Fair Value Measurement (Policies)	3 Months Ended
	Mar. 31, 2022
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. There have been no changes in the Corporation’s methodologies used to estimate the fair value of assets and liabilities from those disclosed in the 2021 Form 10-K. 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)	3 Months Ended
	Mar. 31, 2022
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.

Debt securities available-for_2

Debt securities available-for-sale (Tables)	3 Months Ended
	Mar. 31, 2022
Investments [Abstract]
Debt Securities, Available-For-Sale	At March 31, 2022 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 3,330,374 $ 7,509 $ 3,844 $ 3,334,039 0.98 % After 1 to 5 years 10,844,508 5,396 416,936 10,432,968 1.17 After 5 to 10 years 4,704,946 - 292,842 4,412,104 1.32 Total U.S. Treasury securities 18,879,828 12,905 713,622 18,179,111 1.18 Obligations of U.S. Government sponsored entities Within 1 year 70 1 - 71 5.59 Total obligations of U.S. Government sponsored entities 70 1 - 71 5.59 Collateralized mortgage obligations - federal agencies After 1 to 5 years 2,062 - 18 2,044 2.12 After 5 to 10 years 47,568 6 1,191 46,383 1.56 After 10 years 146,811 714 4,737 142,788 2.19 Total collateralized mortgage obligations - federal agencies 196,441 720 5,946 191,215 2.04 Mortgage-backed securities Within 1 year 3 - - 3 2.11 After 1 to 5 years 65,835 256 413 65,678 2.17 After 5 to 10 years 739,719 668 9,398 730,989 2.06 After 10 years 7,789,911 9,667 606,841 7,192,737 1.65 Total mortgage-backed securities 8,595,468 10,591 616,652 7,989,407 1.68 Other After 1 to 5 years 109 2 - 111 3.62 Total other 109 2 - 111 3.62 Total debt securities available-for-sale [1] $ 27,671,916 $ 24,219 $ 1,336,220 $ 26,359,915 1.34 % [1] Includes $ 17.7 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 $ 16.6 billion serve as collateral for public funds. 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.
Debt Securities Available For Sale Unrealized Loss Position Fair Value	At March 31, 2022 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 $ 15,249,412 $ 681,815 $ 553,050 $ 31,807 $ 15,802,462 $ 713,622 Collateralized mortgage obligations - federal agencies 157,384 5,854 997 92 158,381 5,946 Mortgage-backed securities 2,763,780 126,822 4,613,565 489,830 7,377,345 616,652 Total debt securities available-for-sale in an unrealized loss position $ 18,170,576 $ 814,491 $ 5,167,612 $ 521,729 $ 23,338,188 $ 1,336,220 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

Debt securities held-to-matur_2

Debt securities held-to-maturity (Tables)	3 Months Ended
	Mar. 31, 2022
Investments [Abstract]
Debt Securities, Held-to-maturity	At March 31, 2022 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 $ 4,440 $ 13 $ 4,427 $ 13 $ - $ 4,440 6.10 % After 1 to 5 years 13,045 158 12,887 158 - 13,045 6.28 After 5 to 10 years 9,530 89 9,441 24 1 9,464 1.40 After 10 years 42,985 7,584 35,401 8,067 520 42,948 1.48 Total obligations of Puerto Rico, States and political subdivisions 70,000 7,844 62,156 8,262 521 69,897 2.66 Collateralized mortgage obligations - federal agencies After 1 to 5 years 24 - 24 1 - 25 6.44 Total collateralized mortgage obligations - federal agencies 24 - 24 1 - 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 $ 75,984 $ 7,844 $ 68,140 $ 8,263 $ 521 $ 75,882 2.95 % 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 %
Debt securities held to maturity credit quality indicator	At March 31, 2022 At December 31, 2021 (In thousands) Securities issued by Puerto Rico municipalities Watch $ 15,075 $ 16,345 Pass 12,170 13,800 Total $ 27,245 $ 30,145
Debt securities held to maturity allowance for credit loss	For the quarters ended March 31, 2022 2021 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 8,096 $ 10,261 Provision for credit losses (benefit) ( 252) ( 165) Securities charged-off - - Recoveries - - Ending balance $ 7,844 $ 10,096

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2022
Accounts, Notes, Loans and Financing Receivable
Purchased Financial Assets With Credit Deterioration	Purchased Credit Deteriorated (PCD) Loans The Corporation has purchased loans during the quarter 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) March 31, 2022 March 31, 2021 Purchase price of loans at acquisition $ 2,002 $ 4,935 Allowance for credit losses at acquisition 612 1,356 Non-credit discount / (premium) at acquisition 99 121 Par value of acquired loans at acquisition $ 2,713 $ 6,412
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 March 31, 2022 and December 31, 2021. March 31, 2022 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 $ 2,130 $ 189 $ 274 $ 2,593 $ 160,648 $ 163,241 $ 274 $ - Commercial real estate: Non-owner occupied 3,646 93 20,627 24,366 2,536,174 2,560,540 20,627 - Owner occupied 4,024 50 49,732 53,806 1,396,696 1,450,502 49,732 - Commercial and industrial 1,218 169 48,167 49,554 3,333,918 3,383,472 47,149 1,018 Construction 715 - - 715 126,610 127,325 - - Mortgage 182,397 79,374 736,338 998,109 5,125,554 6,123,663 306,560 429,778 Leasing 9,819 2,446 3,766 16,031 1,410,091 1,426,122 3,766 - Consumer: Credit cards 5,817 3,728 9,049 18,594 896,966 915,560 - 9,049 Home equity lines of credit - - 23 23 3,093 3,116 - 23 Personal 10,215 6,184 19,157 35,556 1,267,920 1,303,476 19,157 - Auto 51,497 11,353 27,514 90,364 3,339,798 3,430,162 27,514 - Other 537 37 12,184 12,758 112,322 125,080 12,037 147 Total $ 272,015 $ 103,623 $ 926,831 $ 1,302,469 $ 19,709,790 $ 21,012,259 $ 486,816 $ 440,015 March 31, 2022 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 $ - $ - $ - $ - $ 1,865,623 $ 1,865,623 $ - $ - Commercial real estate: Non-owner occupied [1] 902 740 374 2,016 1,391,874 1,393,890 374 - Owner occupied [1] 6,385 - 677 7,062 1,398,580 1,405,642 677 - Commercial and industrial 10,925 602 4,891 16,418 1,788,918 1,805,336 4,352 539 Construction - - - - 617,458 617,458 - - Mortgage 13,006 1,069 21,826 35,901 1,166,782 1,202,683 21,826 - Consumer: Credit cards - - - - 26 26 - - Home equity lines of credit 259 15 5,248 5,522 68,437 73,959 5,248 - Personal 739 558 627 1,924 203,381 205,305 627 - Other - 1 1 2 6,007 6,009 1 - Total $ 32,216 $ 2,985 $ 33,644 $ 68,845 $ 8,507,086 $ 8,575,931 $ 33,105 $ 539 [1] During the first quarter of 2022, the Corporation reclassified $ 0.9 billion of loans from the Commercial Real Estate (“CRE”) Non-Owner-Occupied category to the CRE Owner-Occupied category. The selected loans are primarily to skilled and assisted living nursing homes where the majority of the revenues, which are the basis for the repayment of the loans, are generated from medical and related operational activities. These loans meet the type of business and source requirements as defined in the regulatory guidance allowing this classification. March 31, 2022 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 $ 2,130 $ 189 $ 274 $ 2,593 $ 2,026,271 $ 2,028,864 $ 274 $ - Commercial real estate: Non-owner occupied 4,548 833 21,001 26,382 3,928,048 3,954,430 21,001 - Owner occupied 10,409 50 50,409 60,868 2,795,276 2,856,144 50,409 - Commercial and industrial 12,143 771 53,058 65,972 5,122,836 5,188,808 51,501 1,557 Construction 715 - - 715 744,068 744,783 - - Mortgage [1] 195,403 80,443 758,164 1,034,010 6,292,336 7,326,346 328,386 429,778 Leasing 9,819 2,446 3,766 16,031 1,410,091 1,426,122 3,766 - Consumer: Credit cards 5,817 3,728 9,049 18,594 896,992 915,586 - 9,049 Home equity lines of credit 259 15 5,271 5,545 71,530 77,075 5,248 23 Personal 10,954 6,742 19,784 37,480 1,471,301 1,508,781 19,784 - Auto 51,497 11,353 27,514 90,364 3,339,798 3,430,162 27,514 - Other 537 38 12,185 12,760 118,329 131,089 12,038 147 Total $ 304,231 $ 106,608 $ 960,475 $ 1,371,314 $ 28,216,876 $ 29,588,190 $ 519,921 $ 440,554 [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 March 31, 2022 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 $ 266 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of March 31, 2022. Furthermore, the Corporation has approximately $ 45 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 $ 268 million in unearned income and exclude $ 55 million in loans held-for-sale. [3] Includes $ 6.4 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 3.0 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, 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 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 $ 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 FHLB as collateral for borrowings and $ 1.7 billion at the FRB for discount window borrowings and $ 1.7 billion serve as collateral for public funds.
Financing receivable non accrual status	March 31, 2022 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 $ - $ 274 $ - $ - $ - $ 274 Commercial real estate non-owner occupied 15,477 5,150 - 374 15,477 5,524 Commercial real estate owner occupied 9,720 40,012 - 677 9,720 40,689 Commercial and industrial 27,536 19,613 - 4,352 27,536 23,965 Mortgage 159,025 147,535 - 21,826 159,025 169,361 Leasing 228 3,538 - - 228 3,538 Consumer: HELOCs - - - 5,248 - 5,248 Personal 6,590 12,567 74 553 6,664 13,120 Auto 1,153 26,361 - - 1,153 26,361 Other 263 11,774 - 1 263 11,775 Total $ 219,992 $ 266,824 $ 74 $ 33,031 $ 220,066 $ 299,855 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
Collateral dependent financial assets	March 31, 2022 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total Puerto Rico Commercial multi-family $ 1,367 $ - $ - $ - $ - $ 1,367 Commercial real estate: Non-owner occupied 215,343 - - - - 215,343 Owner occupied 40,200 - - - - 40,200 Commercial and industrial 1,731 - 668 10,250 32,149 44,798 Mortgage 165,879 - - - - 165,879 Leasing - 652 6 - - 658 Consumer: Personal 6,585 - - - - 6,585 Auto - 6,781 - - - 6,781 Other - - - - 263 263 Total Puerto Rico $ 431,105 $ 7,433 $ 674 $ 10,250 $ 32,412 $ 481,874 Popular U.S. Mortgage $ 731 - - - - $ 731 Total Popular U.S. $ 731 $ - $ - $ - $ - $ 731 Popular, Inc. Commercial multi-family $ 1,367 $ - $ - $ - $ - $ 1,367 Commercial real estate: Non-owner occupied 215,343 - - - - 215,343 Owner occupied 40,200 - - - - 40,200 Commercial and industrial 1,731 - 668 10,250 32,149 44,798 Mortgage 166,610 - - - - 166,610 Leasing - 652 6 - - 658 Consumer: Personal 6,585 - - - - 6,585 Auto - 6,781 - - - 6,781 Other - - - - 263 263 Total Popular, Inc. $ 431,836 $ 7,433 $ 674 $ 10,250 $ 32,412 $ 482,605 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

Allowance for credit losses -_2

Allowance for credit losses - loans held-in-portfolio (Tables)	3 Months Ended
	Mar. 31, 2022
Allowance for credit losses on financing receivables	For the quarter ended March 31, 2022 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 151,928 $ 1,641 $ 138,286 $ 17,578 $ 284,729 $ 594,162 Provision for credit losses (benefit) ( 10,687) 357 ( 10,528) 386 7,811 ( 12,661) Initial allowance for credit losses - PCD Loans - - 612 - - 612 Charge-offs ( 527) - ( 1,321) ( 407) ( 22,065) ( 24,320) Recoveries 4,757 416 4,313 841 8,491 18,818 Ending balance - loans $ 145,471 $ 2,414 $ 131,362 $ 18,398 $ 278,966 $ 576,611 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,751 $ 2,388 $ - $ - $ - $ 4,139 Provision for credit losses (benefit) ( 104) ( 464) - - - ( 568) Ending balance - unfunded commitments [1] $ 1,647 $ 1,924 $ - $ - $ - $ 3,571 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 31, 2022 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 63,877 $ 4,722 $ 16,192 $ 16,413 $ 101,204 Provision for credit losses (benefit) ( 5,332) ( 1,725) 1,632 3,681 ( 1,744) Charge-offs ( 127) - - ( 1,305) ( 1,432) Recoveries 754 1,128 20 1,251 3,153 Ending balance - loans $ 59,172 $ 4,125 $ 17,844 $ 20,040 $ 101,181 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,384 $ 2,337 $ - $ 37 $ 3,758 Provision for credit losses (benefit) ( 66) ( 202) - ( 7) ( 275) Ending balance - unfunded commitments [1] $ 1,318 $ 2,135 $ - $ 30 $ 3,483 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 31, 2022 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 215,805 $ 6,363 $ 154,478 $ 17,578 $ 301,142 $ 695,366 Provision for credit losses (benefit) ( 16,019) ( 1,368) ( 8,896) 386 11,492 ( 14,405) Initial allowance for credit losses - PCD Loans - - 612 - - 612 Charge-offs ( 654) - ( 1,321) ( 407) ( 23,370) ( 25,752) Recoveries 5,511 1,544 4,333 841 9,742 21,971 Ending balance - loans $ 204,643 $ 6,539 $ 149,206 $ 18,398 $ 299,006 $ 677,792 Allowance for credit losses - unfunded commitments: Beginning balance $ 3,135 $ 4,725 $ - $ - $ 37 $ 7,897 Provision for credit losses (benefit) ( 170) ( 666) - - ( 7) ( 843) Ending balance - unfunded commitments [1] $ 2,965 $ 4,059 $ - $ - $ 30 $ 7,054 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 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) ( 29,646) 1,306 ( 2,805) ( 4,058) ( 4,773) ( 39,976) Initial allowance for credit losses - PCD Loans - - 1,356 - - 1,356 Charge-offs ( 2,883) ( 6,619) ( 10,381) ( 1,058) ( 24,029) ( 44,970) Recoveries 4,317 702 2,078 940 17,459 25,496 Ending balance - loans $ 197,111 $ 260 $ 185,805 $ 12,687 $ 285,793 $ 681,656 Allowance for credit losses - unfunded commitments: Beginning balance $ 4,913 $ 4,610 $ - $ - $ - $ 9,523 Provision for credit losses (benefit) ( 1,000) ( 4,365) - - - ( 5,365) Ending balance - unfunded commitments [1] $ 3,913 $ 245 $ - $ - $ - $ 4,158 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 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) ( 28,933) ( 431) ( 3,918) ( 2,521) ( 35,803) Charge-offs ( 383) - ( 1) ( 3,256) ( 3,640) Recoveries 367 - 81 1,636 2,084 Ending balance - loans $ 79,108 $ 8,935 $ 16,321 $ 14,777 $ 119,141 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,753 $ 4,469 $ - $ 106 $ 6,328 Provision for credit losses (benefit) ( 310) ( 566) - ( 41) ( 917) Ending balance - unfunded commitments [1] $ 1,443 $ 3,903 $ - $ 65 $ 5,411 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 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) ( 58,579) 875 ( 6,723) ( 4,058) ( 7,294) ( 75,779) Initial allowance for credit losses - PCD Loans - - 1,356 - - 1,356 Charge-offs ( 3,266) ( 6,619) ( 10,382) ( 1,058) ( 27,285) ( 48,610) Recoveries 4,684 702 2,159 940 19,095 27,580 Ending balance - loans $ 276,219 $ 9,195 $ 202,126 $ 12,687 $ 300,570 $ 800,797 Allowance for credit losses - unfunded commitments: Beginning balance $ 6,666 $ 9,079 $ - $ - $ 106 $ 15,851 Provision for credit losses (benefit) ( 1,310) ( 4,931) - - ( 41) ( 6,282) Ending balance - unfunded commitments [1] $ 5,356 $ 4,148 $ - $ - $ 65 $ 9,569 [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	March 31, 2022 December 31, 2021 (In thousands) Accruing Non-Accruing Total Related Allowance Accruing Non-Accruing Total Related Allowance Loans held-in-portfolio: Commercial $ 302,795 $ 66,334 $ 369,129 $ 21,007 $ 261,344 $ 64,744 $ 326,088 $ 24,736 Mortgage [1] 1,151,887 101,024 1,252,911 60,308 1,143,204 112,509 1,255,713 61,888 Leasing 188 28 216 30 325 47 372 42 Consumer 60,652 10,194 70,846 15,592 64,093 10,556 74,649 16,124 Loans held-in-portfolio $ 1,515,522 $ 177,580 $ 1,693,102 $ 96,937 $ 1,468,966 $ 187,856 $ 1,656,822 $ 102,790 [1] At March 31, 2022, accruing mortgage loan TDRs include $ 721 million guaranteed by U.S. sponsored entities at BPPR, compared to $ 716 million at December 31, 2021.
Troubled Debt Restructurings Loan Count By Type Of Modification	For the quarter ended March 31, 2022 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial real estate non-owner occupied - - - 1 Commercial real estate owner occupied 1 1 - - Commercial and industrial 1 5 - 11 Mortgage 1 34 288 1 Consumer: Credit cards 15 - - 15 Personal 25 20 - - Auto - 1 - - Total 43 61 288 28 For the quarter ended March 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 - - Commercial real estate non-owner occupied - 9 - - Commercial real estate owner occupied 2 20 - - Commercial and industrial - 8 - - Mortgage 8 40 360 - Leasing - - 1 - Consumer: Credit cards 52 - - 14 HELOCs - - 1 - Personal 61 2 1 - Auto - 1 2 - Other 4 - - - Total 127 81 365 14
Troubled Debt Restructurings on Financing Receivables	Popular, Inc. For the quarter ended March 31, 2022 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for loan losses as a result of modification Commercial real estate non-owner occupied 1 $ 3,400 $ 3,400 $ - Commercial real estate owner occupied 2 729 727 - Commercial and industrial 17 49,346 49,155 2,030 Mortgage 324 34,876 35,592 1,020 Consumer: Credit cards 30 248 273 5 Personal 45 729 728 130 Auto 1 28 28 5 Total 420 $ 89,356 $ 89,903 $ 3,190 Popular, Inc. For the quarter ended March 31, 2021 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for loan losses as a result of modification Commercial multi-family 1 $ 87 $ 86 $ 4 Commercial real estate non-owner occupied 9 3,295 3,281 141 Commercial real estate owner occupied 22 29,750 29,484 572 Commercial and industrial 8 222 218 8 Mortgage 408 47,654 49,729 1,046 Leasing 1 32 32 4 Consumer: Credit cards 66 824 854 27 HELOCs 1 63 116 28 Personal 64 1,062 1,062 304 Auto 3 48 53 10 Other 4 6 6 1 Total 587 $ 83,043 $ 84,921 $ 2,145
T D R Loans Subsequent Default	Defaulted during the quarter ended March 31, 2022 (Dollars in thousands) Loan count Recorded investment as of first default date Mortgage 6 $ 1,870 Consumer: Credit cards 16 127 Personal 12 128 Total 34 $ 2,125 Defaulted during the quarter ended March 31, 2021 (Dollars in thousands) Loan count Recorded investment as of first default date Commercial real estate owner occupied 2 $ 3,754 Commercial and industrial 2 224 Mortgage 23 1,732 Consumer: Credit cards 40 535 Personal 6 260 Total 73 $ 6,505
Financing Receivable Credit Quality Indicators	March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Puerto Rico Commercial: Commercial multi-family Watch $ - $ - $ - $ - $ - $ 4,418 $ - $ - $ 4,418 Special mention - - - - - 2,952 - - 2,952 Substandard - - - 986 - 6,102 100 - 7,188 Pass 12,788 24,608 21,061 34,410 25,152 30,451 213 - 148,683 Total commercial multi-family $ 12,788 $ 24,608 $ 21,061 $ 35,396 $ 25,152 $ 43,923 $ 313 $ - $ 163,241 Commercial real estate non-owner occupied Watch $ 29,903 $ 117,431 $ 226,357 $ 29,725 $ 134,641 $ 167,332 $ 3,087 $ - $ 708,476 Special Mention - 26,258 12,015 7,627 - 29,273 - - 75,173 Substandard 3,393 4,294 27,555 19,856 37,249 72,503 - - 164,850 Pass 181,148 499,552 197,587 87,349 36,193 601,857 8,355 - 1,612,041 Total commercial real estate non-owner occupied $ 214,444 $ 647,535 $ 463,514 $ 144,557 $ 208,083 $ 870,965 $ 11,442 $ - $ 2,560,540 Commercial real estate owner occupied Watch $ 675 $ 7,705 $ 6,952 $ 7,887 $ 7,044 $ 108,001 $ - $ - $ 138,264 Special Mention 118 5,550 949 7,150 1,412 107,134 - - 122,313 Substandard - 4,999 1,021 988 34,997 108,747 - - 150,752 Doubtful - - - - - 641 - - 641 Pass 29,665 273,843 151,427 48,295 53,440 462,038 19,824 - 1,038,532 Total commercial real estate owner occupied $ 30,458 $ 292,097 $ 160,349 $ 64,320 $ 96,893 $ 786,561 $ 19,824 $ - $ 1,450,502 Commercial and industrial Watch $ 8,608 $ 93,150 $ 11,684 $ 23,180 $ 101,967 $ 80,917 $ 99,008 $ - $ 418,514 Special Mention - 7,878 4,865 12,573 27,081 51,740 52,803 - 156,940 Substandard 35 2,189 5,933 2,983 23,533 89,083 41,040 - 164,796 Doubtful - - - - - 96 - - 96 Pass 224,627 766,346 187,160 272,866 48,585 372,756 770,786 - 2,643,126 Total commercial and industrial $ 233,270 $ 869,563 $ 209,642 $ 311,602 $ 201,166 $ 594,592 $ 963,637 $ - $ 3,383,472 Construction Watch $ 6,644 $ - $ - $ - $ - $ - $ - $ - $ 6,644 Special Mention 1,797 - - - - - - - 1,797 Pass 184 28,486 58,323 1,903 - - 29,988 - 118,884 Total construction $ 8,625 $ 28,486 $ 58,323 $ 1,903 $ - $ - $ 29,988 $ - $ 127,325 Mortgage Substandard $ 119 $ 108 $ 1,224 $ 4,780 $ 5,402 $ 116,846 $ - $ - $ 128,479 Pass 59,395 473,279 299,789 217,561 254,971 4,690,189 - - 5,995,184 Total mortgage $ 59,514 $ 473,387 $ 301,013 $ 222,341 $ 260,373 $ 4,807,035 $ - $ - $ 6,123,663 Leasing Substandard $ - $ 678 $ 652 $ 1,051 $ 705 $ 631 $ - $ - $ 3,717 Loss - - - - - 49 - - 49 Pass 207,900 526,319 307,398 202,190 119,085 59,464 - - 1,422,356 Total leasing $ 207,900 $ 526,997 $ 308,050 $ 203,241 $ 119,790 $ 60,144 $ - $ - $ 1,426,122 March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Puerto Rico Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 9,049 $ - $ 9,049 Pass - - - - - - 906,511 - 906,511 Total credit cards $ - $ - $ - $ - $ - $ - $ 915,560 $ - $ 915,560 HELOCs Substandard $ - $ - $ - $ - $ - $ - $ 23 $ - $ 23 Pass - - - - - - 3,093 - 3,093 Total HELOCs $ - $ - $ - $ - $ - $ - $ 3,116 $ - $ 3,116 Personal Substandard $ 630 $ 1,078 $ 641 $ 1,956 $ 785 $ 13,421 $ - $ 1,321 $ 19,832 Loss - - - 1 3 23 - - 27 Pass 168,643 491,177 166,166 192,611 78,207 152,766 - 34,047 1,283,617 Total Personal $ 169,273 $ 492,255 $ 166,807 $ 194,568 $ 78,995 $ 166,210 $ - $ 35,368 $ 1,303,476 Auto Substandard $ - $ 5,973 $ 8,556 $ 9,371 $ 4,900 $ 3,373 $ - $ - $ 32,173 Loss - 32 33 58 16 14 - - 153 Pass 311,670 1,174,172 756,985 580,986 373,406 200,617 - - 3,397,836 Total Auto $ 311,670 $ 1,180,177 $ 765,574 $ 590,415 $ 378,322 $ 204,004 $ - $ - $ 3,430,162 Other consumer Substandard $ - $ - $ 110 $ 20 $ 537 $ 7 $ 11,121 $ - $ 11,795 Loss - - - - 389 - - - 389 Pass 6,302 22,933 8,908 8,523 5,196 4,352 56,682 - 112,896 Total Other consumer $ 6,302 $ 22,933 $ 9,018 $ 8,543 $ 6,122 $ 4,359 $ 67,803 $ - $ 125,080 Total Puerto Rico $ 1,254,244 $ 4,558,038 $ 2,463,351 $ 1,776,886 $ 1,374,896 $ 7,537,793 $ 2,011,683 $ 35,368 $ 21,012,259 March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular U.S. Commercial: Commercial multi-family Watch $ - $ 8,569 $ 43,642 $ 40,570 $ 20,576 $ 123,917 $ - $ - $ 237,274 Special mention - - 1,217 8,973 29,613 35,180 - - 74,983 Substandard - - - 67,018 12,685 16,514 - - 96,217 Pass 76,737 422,609 239,450 208,367 143,251 364,174 2,561 - 1,457,149 Total commercial multi-family $ 76,737 $ 431,178 $ 284,309 $ 324,928 $ 206,125 $ 539,785 $ 2,561 $ - $ 1,865,623 Commercial real estate non-owner occupied Watch $ - $ 12,704 $ 16,909 $ 26,886 $ 46,012 $ 120,879 $ 97 $ - $ 223,487 Special Mention - - - 3,183 1,808 25,948 - - 30,939 Substandard - 2,920 753 - 1,567 35,538 - - 40,778 Pass 96,512 206,434 214,871 101,177 95,335 378,221 6,136 - 1,098,686 Total commercial real estate non-owner occupied $ 96,512 $ 222,058 $ 232,533 $ 131,246 $ 144,722 $ 560,586 $ 6,233 $ - $ 1,393,890 Commercial real estate owner occupied Watch $ - $ - $ 5,343 $ 7,775 $ 12,654 $ 60,557 $ 4,222 $ - $ 90,551 Special Mention - - - - 5,174 15,902 - - 21,076 Substandard - - - 7,527 2,300 43,602 - - 53,429 Pass 124,847 428,804 142,310 94,258 144,834 301,051 4,482 - 1,240,586 Total commercial real estate owner occupied $ 124,847 $ 428,804 $ 147,653 $ 109,560 $ 164,962 $ 421,112 $ 8,704 $ - $ 1,405,642 Commercial and industrial Watch $ 691 $ 3,210 $ 3,104 $ 3,187 $ 8,894 $ 1,041 $ 17,121 $ - $ 37,248 Special Mention 825 2,323 6,896 635 530 207 8,983 - 20,399 Substandard 114 134 260 4,648 1,212 1,974 369 - 8,711 Loss - 433 120 29 14 218 - - 814 Pass 20,935 277,342 336,892 205,703 186,778 435,798 274,716 - 1,738,164 Total commercial and industrial $ 22,565 $ 283,442 $ 347,272 $ 214,202 $ 197,428 $ 439,238 $ 301,189 $ - $ 1,805,336 Construction Watch $ - $ 3,959 $ 14,222 $ 26,775 $ 29,549 $ 35,090 $ - $ - $ 109,595 Special Mention - - - - - 13,655 - - 13,655 Substandard - - - - 15,841 10,184 - - 26,025 Pass 7,352 134,447 145,675 136,487 5,650 38,572 - - 468,183 Total construction $ 7,352 $ 138,406 $ 159,897 $ 163,262 $ 51,040 $ 97,501 $ - $ - $ 617,458 Mortgage Substandard $ - $ 1,595 $ 4,338 $ 4,110 $ 1,054 $ 10,729 $ - $ - $ 21,826 Pass 63,698 318,614 258,525 206,391 60,663 272,966 - - 1,180,857 Total mortgage $ 63,698 $ 320,209 $ 262,863 $ 210,501 $ 61,717 $ 283,695 $ - $ - $ 1,202,683 March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 26 $ - $ 26 Total credit cards $ - $ - $ - $ - $ - $ - $ 26 $ - $ 26 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,928 $ - $ 814 $ 3,742 Loss - - - - - 161 - 1,345 1,506 Pass - - - - - 10,512 40,677 17,522 68,711 Total HELOCs $ - $ - $ - $ - $ - $ 13,601 $ 40,677 $ 19,681 $ 73,959 Personal Substandard $ - $ 62 $ 73 $ 156 $ 82 $ 151 $ - $ - $ 524 Loss - 5 62 2 - 34 - - 103 Pass 75,243 69,809 15,416 31,855 5,688 6,667 - - 204,678 Total Personal $ 75,243 $ 69,876 $ 15,551 $ 32,013 $ 5,770 $ 6,852 $ - $ - $ 205,305 Other consumer Substandard $ - $ - $ - $ - $ - $ - $ 1 $ - $ 1 Pass - - - - - - 6,008 - 6,008 Total Other consumer $ - $ - $ - $ - $ - $ - $ 6,009 $ - $ 6,009 Total Popular U.S. $ 466,954 $ 1,893,973 $ 1,450,078 $ 1,185,712 $ 831,764 $ 2,362,370 $ 365,399 $ 19,681 $ 8,575,931 March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Watch $ - $ 8,569 $ 43,642 $ 40,570 $ 20,576 $ 128,335 $ - $ - $ 241,692 Special mention - - 1,217 8,973 29,613 38,132 - - 77,935 Substandard - - - 68,004 12,685 22,616 100 - 103,405 Pass 89,525 447,217 260,511 242,777 168,403 394,625 2,774 - 1,605,832 Total commercial multi-family $ 89,525 $ 455,786 $ 305,370 $ 360,324 $ 231,277 $ 583,708 $ 2,874 $ - $ 2,028,864 Commercial real estate non-owner occupied Watch $ 29,903 $ 130,135 $ 243,266 $ 56,611 $ 180,653 $ 288,211 $ 3,184 $ - $ 931,963 Special Mention - 26,258 12,015 10,810 1,808 55,221 - - 106,112 Substandard 3,393 7,214 28,308 19,856 38,816 108,041 - - 205,628 Pass 277,660 705,986 412,458 188,526 131,528 980,078 14,491 - 2,710,727 Total commercial real estate non-owner occupied $ 310,956 $ 869,593 $ 696,047 $ 275,803 $ 352,805 $ 1,431,551 $ 17,675 $ - $ 3,954,430 Commercial real estate owner occupied Watch $ 675 $ 7,705 $ 12,295 $ 15,662 $ 19,698 $ 168,558 $ 4,222 $ - $ 228,815 Special Mention 118 5,550 949 7,150 6,586 123,036 - - 143,389 Substandard - 4,999 1,021 8,515 37,297 152,349 - - 204,181 Doubtful - - - - - 641 - - 641 Pass 154,512 702,647 293,737 142,553 198,274 763,089 24,306 - 2,279,118 Total commercial real estate owner occupied $ 155,305 $ 720,901 $ 308,002 $ 173,880 $ 261,855 $ 1,207,673 $ 28,528 $ - $ 2,856,144 Commercial and industrial Watch $ 9,299 $ 96,360 $ 14,788 $ 26,367 $ 110,861 $ 81,958 $ 116,129 $ - $ 455,762 Special Mention 825 10,201 11,761 13,208 27,611 51,947 61,786 - 177,339 Substandard 149 2,323 6,193 7,631 24,745 91,057 41,409 - 173,507 Doubtful - - - - - 96 - - 96 Loss - 433 120 29 14 218 - - 814 Pass 245,562 1,043,688 524,052 478,569 235,363 808,554 1,045,502 - 4,381,290 Total commercial and industrial $ 255,835 $ 1,153,005 $ 556,914 $ 525,804 $ 398,594 $ 1,033,830 $ 1,264,826 $ - $ 5,188,808 March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Construction Watch $ 6,644 $ 3,959 $ 14,222 $ 26,775 $ 29,549 $ 35,090 $ - $ - $ 116,239 Special Mention 1,797 - - - - 13,655 - - 15,452 Substandard - - - - 15,841 10,184 - - 26,025 Pass 7,536 162,933 203,998 138,390 5,650 38,572 29,988 - 587,067 Total construction $ 15,977 $ 166,892 $ 218,220 $ 165,165 $ 51,040 $ 97,501 $ 29,988 $ - $ 744,783 Mortgage Substandard $ 119 $ 1,703 $ 5,562 $ 8,890 $ 6,456 $ 127,575 $ - $ - $ 150,305 Pass 123,093 791,893 558,314 423,952 315,634 4,963,155 - - 7,176,041 Total mortgage $ 123,212 $ 793,596 $ 563,876 $ 432,842 $ 322,090 $ 5,090,730 $ - $ - $ 7,326,346 Leasing Substandard $ - $ 678 $ 652 $ 1,051 $ 705 $ 631 $ - $ - $ 3,717 Loss - - - - - 49 - - 49 Pass 207,900 526,319 307,398 202,190 119,085 59,464 - - 1,422,356 Total leasing $ 207,900 $ 526,997 $ 308,050 $ 203,241 $ 119,790 $ 60,144 $ - $ - $ 1,426,122 March 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 9,049 $ - $ 9,049 Pass - - - - - - 906,537 - 906,537 Total credit cards $ - $ - $ - $ - $ - $ - $ 915,586 $ - $ 915,586 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,928 $ 23 $ 814 $ 3,765 Loss - - - - - 161 - 1,345 1,506 Pass - - - - - 10,512 43,770 17,522 71,804 Total HELOCs $ - $ - $ - $ - $ - $ 13,601 $ 43,793 $ 19,681 $ 77,075 Personal Substandard $ 630 $ 1,140 $ 714 $ 2,112 $ 867 $ 13,572 $ - $ 1,321 $ 20,356 Loss - 5 62 3 3 57 - - 130 Pass 243,886 560,986 181,582 224,466 83,895 159,433 - 34,047 1,488,295 Total Personal $ 244,516 $ 562,131 $ 182,358 $ 226,581 $ 84,765 $ 173,062 $ - $ 35,368 $ 1,508,781 Auto Substandard $ - $ 5,973 $ 8,556 $ 9,371 $ 4,900 $ 3,373 $ - $ - $ 32,173 Loss - 32 33 58 16 14 - - 153 Pass 311,670 1,174,172 756,985 580,986 373,406 200,617 - - 3,397,836 Total Auto $ 311,670 $ 1,180,177 $ 765,574 $ 590,415 $ 378,322 $ 204,004 $ - $ - $ 3,430,162 Other consumer Substandard $ - $ - $ 110 $ 20 $ 537 $ 7 $ 11,122 $ - $ 11,796 Loss - - - - 389 - - - 389 Pass 6,302 22,933 8,908 8,523 5,196 4,352 62,690 - 118,904 Total Other consumer $ 6,302 $ 22,933 $ 9,018 $ 8,543 $ 6,122 $ 4,359 $ 73,812 $ - $ 131,089 Total Popular Inc. $ 1,721,198 $ 6,452,011 $ 3,913,429 $ 2,962,598 $ 2,206,660 $ 9,900,163 $ 2,377,082 $ 55,049 $ 29,588,190 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

Mortgage banking activities (Ta

Mortgage banking activities (Tables)	3 Months Ended
	Mar. 31, 2022
Mortgage Banking [Abstract]
Mortgage Banking Activities	Quarters ended March 31, (In thousands) 2022 2021 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 9,323 $ 9,715 Mortgage servicing rights fair value adjustments 1,088 512 Total mortgage servicing fees, net of fair value adjustments 10,411 10,227 Net (loss) gain on sale of loans, including valuation on loans held-for-sale ( 1,534) 4,975 Trading account profit: Unrealized gains on outstanding derivative positions 2 - Realized profit on closed derivative positions 4,135 2,502 Total trading account profit 4,137 2,502 Losses on repurchased loans, including interest advances ( 149) ( 361) Total mortgage banking activities $ 12,865 $ 17,343

Transfers of financial assets_2

Transfers of financial assets and mortgage servicing assets (Tables)	3 Months Ended
	Mar. 31, 2022
Transfers and Servicing of Financial Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	Proceeds Obtained During the Quarter Ended March 31, 2022 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 77,894 $ - $ 77,894 Mortgage-backed securities - FNMA - 57,690 - 57,690 Mortgage-backed securities - FHLMC - 7,118 - 7,118 Total trading account debt securities $ - $ 142,702 $ - $ 142,702 Mortgage servicing rights $ - $ - $ 2,409 $ 2,409 Total $ - $ 142,702 $ 2,409 $ 145,111 Proceeds Obtained During the Quarter Ended March 31, 2021 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 101,988 $ - $ 101,988 Mortgage-backed securities - FNMA - 86,280 - 86,280 Total trading account debt securities $ - $ 188,268 $ - $ 188,268 Mortgage servicing rights $ - $ - $ 2,809 $ 2,809 Total $ - $ 188,268 $ 2,809 $ 191,077
Changes in MSRs measured using the fair value method	Residential MSRs (In thousands) March 31, 2022 March 31, 2021 Fair value at beginning of period $ 121,570 $ 118,395 Additions 2,771 3,636 Changes due to payments on loans [1] ( 2,983) ( 4,094) Reduction due to loan repurchases ( 252) ( 556) Changes in fair value due to changes in valuation model inputs or assumptions 4,252 5,162 Fair value at end of period [2] $ 125,358 $ 122,543 [1] Represents changes due to collection / realization of expected cash flows over time. [2] At March 31, 2022, PB had MSRs amounting to $ 1.8 million (March 31, 2021 - $ 1.0 million).
Key economic assumptions used in measuring the servicing rights retained at the date of the residential mortgage loan securitizations and whole loan sales by the banking subsidiaries	Quarters ended March 31, 2022 March 31, 2021 BPPR PB BPPR PB Prepayment speed 5.2 % 10.0 % 8.8 % 21.4 % Weighted average life (in years) 9.4 6.9 7.2 3.5 Discount rate (annual rate) 10.3 % 10.0 % 10.5 % 11.0 %
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	Originated MSRs Purchased MSRs March 31, December 31, March 31, December 31, (In thousands) 2022 2021 2022 2021 Fair value of servicing rights $ 40,155 $ 40,058 $ 85,203 $ 81,512 Weighted average life (in years) 5.9 7.1 6.2 7.5 Weighted average prepayment speed (annual rate) 7.5 % 7.7 % 7.3 % 7.6 % Impact on fair value of 10% adverse change $ ( 598) $ ( 1,500) $ ( 2,186) $ ( 1,486) Impact on fair value of 20% adverse change $ ( 1,376) $ ( 2,359) $ ( 4,091) $ ( 3,495) Weighted average discount rate (annual rate) 11.2 % 11.2 % 11.0 % 11.0 % Impact on fair value of 10% adverse change $ ( 1,326) $ ( 2,079) $ ( 3,726) $ ( 2,731) Impact on fair value of 20% adverse change $ ( 2,754) $ ( 3,452) $ ( 6,991) $ ( 5,832)

Other real estate owned (Tables

Other real estate owned (Tables)	3 Months Ended
	Mar. 31, 2022
Other Real Estate [Abstract]
Other real estate owned	For the quarter ended March 31, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,017 $ 70,060 $ 85,077 Write-downs in value ( 364) ( 328) ( 692) Additions 2,687 19,240 21,927 Sales ( 1,980) ( 13,543) ( 15,523) Other adjustments 108 ( 330) ( 222) Ending balance $ 15,468 $ 75,099 $ 90,567 For the quarter ended March 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 ( 307) ( 970) ( 1,277) Additions 3,850 1,873 5,723 Sales ( 1,672) ( 13,860) ( 15,532) Ending balance $ 15,085 $ 56,975 $ 72,060

Other assets (Tables)

Other assets (Tables)	3 Months Ended
	Mar. 31, 2022
Other Assets Abstract
Other Assets by Major Categories	(In thousands) March 31, 2022 December 31, 2021 Net deferred tax assets (net of valuation allowance) $ 776,243 $ 657,597 Investments under the equity method 313,420 298,988 Prepaid taxes 32,147 37,924 Other prepaid expenses 89,245 79,845 Derivative assets 24,848 26,093 Trades receivable from brokers and counterparties 60,497 65,460 Principal, interest and escrow servicing advances 49,877 53,942 Guaranteed mortgage loan claims receivable 94,401 98,001 Operating ROU assets (Note 27) 132,229 141,748 Finance ROU assets (Note 27) 19,479 13,459 Others 163,461 155,514 Total other assets $ 1,755,847 $ 1,628,571

Goodwill and other intangible_2

Goodwill and other intangible assets (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure
Goodwill and accumulated impairment losses by reportable segments	March 31, 2022 Balance at Balance at March 31, Accumulated March 31, 2022 impairment 2022 (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, 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
Components of other intangible assets subject to amortization	Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value March 31, 2022 Core deposits $ 12,810 $ 9,074 $ 3,736 Other customer relationships 14,286 3,454 10,832 Total other intangible assets $ 27,096 $ 12,528 $ 14,568 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
Estimated amortization of the intangible assets with definite useful lives	(In thousands) Remaining 2022 $ 2,384 Year 2023 3,179 Year 2024 2,938 Year 2025 1,750 Year 2026 1,440 Later years 2,877

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2022
Deposits [Abstract]
Interest bearing deposits	(In thousands) March 31, 2022 December 31, 2021 Savings accounts $ 16,209,748 $ 15,871,998 NOW, money market and other interest bearing demand deposits 23,465,192 28,736,459 Total savings, NOW, money market and other interest bearing demand deposits 39,674,940 44,608,457 Certificates of deposit: Under $250,000 4,116,459 4,086,059 $250,000 and over 2,974,230 2,626,090 Total certificates of deposit 7,090,689 6,712,149 Total interest bearing deposits $ 46,765,629 $ 51,320,606
Summary of certificates of deposits by maturity	(In thousands) 2022 $ 3,914,729 2023 1,112,216 2024 747,887 2025 573,506 2026 508,775 2027 and thereafter 233,576 Total certificates of deposit $ 7,090,689

Borrowings (Tables)

Borrowings (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of repurchase agreements	Repurchase agreements accounted for as secured borrowings March 31, 2022 December 31, 2021 Repurchase Repurchase (In thousands) liability liability U.S. Treasury securities Within 30 days $ 14,525 $ 19,538 After 30 to 90 days 14,975 30,295 After 90 days 32,867 29,036 Total U.S. Treasury securities 62,367 78,869 Mortgage-backed securities Within 30 days 2,763 11,733 After 90 days 7,395 722 Total mortgage-backed securities 10,158 12,455 Collateralized mortgage obligations Within 30 days 294 279 Total collateralized mortgage obligations 294 279 Total $ 72,819 $ 91,603
Notes payable	Notes Payable The following table presents the composition of notes payable at March 31, 2022 and December 31, 2021. (In thousands) March 31, 2022 December 31, 2021 Advances with the FHLB with maturities ranging from 2022 through 2029 paying interest at monthly fixed rates ranging from 0.39% to 3.18% $ 491,429 $ 492,429 Unsecured senior debt securities maturing on 2023 paying interest semiannually at a fixed rate of 6.125%, net of debt issuance costs of $ 1,841 298,159 297,842 Junior subordinated deferrable interest debentures (related to trust preferred securities) maturing on 2034 with fixed interest rates ranging from 6.125% to 6.564%, net of debt issuance costs of $ 335 198,299 198,292 Total notes payable $ 987,887 $ 988,563 Note: Refer to the Corporation's 2021 Form 10-K for rates information at December 31, 2021.
Borrowings by contractual maturities	A breakdown of borrowings by contractual maturities at March 31, 2022 is included in the table below. Assets sold under (In thousands) agreements to repurchase Notes payable Total 2022 $ 72,819 $ 102,148 $ 174,967 2023 - 341,420 341,420 2024 - 91,943 91,943 2025 - 139,920 139,920 2026 - 74,500 74,500 Later years - 237,956 237,956 Total borrowings $ 72,819 $ 987,887 $ 1,060,706

Other liabilities (Tables)

Other liabilities (Tables)	3 Months Ended
	Mar. 31, 2022
Other Liabilities Disclosure [Abstract]
Other Liabilities Table Text Block	(In thousands) March 31, 2022 December 31, 2021 Accrued expenses $ 285,700 $ 308,594 Accrued interest payable 26,121 33,227 Accounts payable 99,866 91,804 Dividends payable 42,074 35,937 Trades payable 10,710 13,789 Liability for GNMA loans sold with an option to repurchase 12,570 12,806 Reserves for loan indemnifications 11,148 12,639 Reserve for operational losses 41,836 43,886 Operating lease liabilities (Note 27) 144,484 154,114 Finance lease liabilities (Note 27) 25,665 19,719 Pension benefit obligation 8,496 8,778 Postretirement benefit obligation 159,940 161,988 Others 62,225 70,967 Total other liabilities $ 930,835 $ 968,248

Other comprehensive (loss) in_2

Other comprehensive (loss) income (Tables)	3 Months Ended
	Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss)
Schedule of accumulated other comprehensive income	Changes in Accumulated Other Comprehensive Loss by Component [1] Quarters ended March 31, (In thousands) 2022 2021 Foreign currency translation Beginning Balance $ ( 67,307) $ ( 71,254) Other comprehensive (loss) income ( 2,858) 569 Net change ( 2,858) 569 Ending balance $ ( 70,165) $ ( 70,685) Adjustment of pension and postretirement benefit plans Beginning Balance $ ( 158,994) $ ( 195,056) Other comprehensive loss before reclassifications 1,269 - Amounts reclassified from accumulated other comprehensive loss for amortization of net losses 2,444 3,242 Net change 3,713 3,242 Ending balance $ ( 155,281) $ ( 191,814) Unrealized net holding (losses) gains on debt securities Beginning Balance $ ( 96,120) $ 460,900 Other comprehensive loss ( 1,075,830) ( 369,945) Net change ( 1,075,830) ( 369,945) Ending balance $ ( 1,171,950) $ 90,955 Unrealized net gains (losses) on cash flow hedges Beginning Balance $ ( 2,648) $ ( 4,599) Other comprehensive income before reclassifications 3,139 1,357 Amounts reclassified from accumulated other comprehensive gains (losses) ( 333) 48 Net change 2,806 1,405 Ending balance $ 158 $ ( 3,194) Total $ ( 1,397,238) $ ( 174,738) [1] All amounts presented are net of tax.
Reclassification out of accumulated other comprehensive income	The following table presents the amounts reclassified out of each component of accumulated other comprehensive loss during the quarters ended March 31, 2022 and 2021. Reclassifications Out of Accumulated Other Comprehensive Loss Affected Line Item in the Quarters ended March 31, (In thousands) Consolidated Statements of Operations 2022 2021 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ ( 3,911) $ ( 5,190) Total before tax ( 3,911) ( 5,190) Income tax benefit 1,467 1,948 Total net of tax $ ( 2,444) $ ( 3,242) Unrealized net gains (losses) on cash flow hedges Forward contracts Mortgage banking activities $ 978 $ 370 Interest rate swaps Other operating income $ ( 279) $ ( 279) Total before tax 699 91 Income tax expense ( 366) ( 139) Total net of tax $ 333 $ ( 48) Total reclassification adjustments, net of tax $ ( 2,111) $ ( 3,290)

Guarantees (Tables)

Guarantees (Tables)	3 Months Ended
	Mar. 31, 2022
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 related to loans serviced with credit recourse provisions during the quarters ended March 31, 2022 and 2021. Quarters ended March 31, (In thousands) 2022 2021 Balance as of beginning of period $ 11,800 $ 22,484 Provision for recourse liability 46 817 Net charge-offs ( 1,511) ( 3,057) Balance as of end of period $ 10,335 $ 20,244
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	Quarters ended March 31, (In thousands) 2022 2021 Balance as of beginning of period $ 839 $ 2,297 Provision (benefit) for representation and warranties 699 ( 119) Net charge-offs ( 725) - Balance as of end of period $ 813 $ 2,178

Commitments and contingencies (

Commitments and contingencies (Tables)	3 Months Ended
	Mar. 31, 2022
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) March 31, 2022 December 31, 2021 Commitments to extend credit: Credit card lines $ 5,480,888 $ 5,382,089 Commercial and construction lines of credit 3,977,223 3,830,601 Other consumer unused credit commitments 248,708 250,229 Commercial letters of credit 3,640 3,260 Standby letters of credit 31,643 27,848 Commitments to originate or fund mortgage loans 113,755 95,372
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 March 31, 2022: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 16 $ - $ 16 $ 16 After 5 to 10 years 1 - 1 1 After 10 years 35 - 35 35 Total Central Government 52 - 52 52 Municipalities Within 1 year 4,440 72,065 76,505 94,694 After 1 to 5 years 13,045 67,472 80,517 80,517 After 5 to 10 years 9,530 123,507 133,037 133,037 After 10 years 230 55,257 55,487 55,487 Total Municipalities 27,245 318,301 345,546 363,735 Total Direct Government Exposure $ 27,297 $ 318,301 $ 345,598 $ 363,787

Non-consolidated variable int_2

Non-consolidated variable interest entities (Tables)	3 Months Ended
	Mar. 31, 2022
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) March 31, 2022 December 31, 2021 Assets Servicing assets: Mortgage servicing rights $ 97,717 $ 94,464 Total servicing assets $ 97,717 $ 94,464 Other assets: Servicing advances $ 7,283 $ 7,968 Total other assets $ 7,283 $ 7,968 Total assets $ 105,000 $ 102,432 Maximum exposure to loss $ 105,000 $ 102,432

Related party transactions (Tab

Related party transactions (Tables) - EVERTEC Inc.	3 Months Ended
	Mar. 31, 2022
Equity method investments	(In thousands) March 31, 2022 December 31, 2021 Equity investment in EVERTEC $ 119,579 $ 110,299
Balance sheet data resulting from related party transactions	(In thousands) March 31, 2022 December 31, 2021 Accounts receivable (Other assets) $ 5,640 $ 5,668 Deposits ( 157,209) ( 150,737) Accounts payable (Other liabilities) ( 1,242) ( 3,431) Net total $ ( 152,811) $ ( 148,500)
Proportionate Share Of Income Loss And Changes In Stockholders Equity	Quarters ended March 31, (In thousands) 2022 2021 Share of income from investment in EVERTEC $ 6,318 $ 5,734 Share of other changes in EVERTEC's stockholders' equity 1,787 178 Share of EVERTEC's changes in equity recognized in income $ 8,105 $ 5,912
Income Statement Data Resulting From Related Party Transactions	Quarters ended March 31, (In thousands) 2022 2021 Category Interest expense on deposits $ ( 132) $ ( 89) Interest expense ATH and credit cards interchange income from services to EVERTEC 6,683 6,454 Other service fees Rental income charged to EVERTEC 1,681 1,547 Net occupancy Processing fees on services provided by EVERTEC ( 62,222) ( 60,141) Professional fees Other services provided to EVERTEC 218 121 Other operating expenses Total $ ( 53,772) $ ( 52,108)

Fair value measurement (Tables)

Fair value measurement (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures
Assets and Liabilities Measured at Fair Value on a Recurring Basis	At March 31, 2022 (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 $ 1,799,951 $ 16,379,160 $ - $ - $ 18,179,111 Obligations of U.S. Government sponsored entities - 71 - - 71 Collateralized mortgage obligations - federal agencies - 191,215 - - 191,215 Mortgage-backed securities - 7,988,614 793 - 7,989,407 Other - 111 - - 111 Total debt securities available-for-sale $ 1,799,951 $ 24,559,171 $ 793 $ - $ 26,359,915 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 16,686 $ - $ - $ - $ 16,686 Obligations of Puerto Rico, States and political subdivisions - 81 - - 81 Collateralized mortgage obligations - 53 174 - 227 Mortgage-backed securities - 18,779 - - 18,779 Other - - 267 - 267 Total trading account debt securities, excluding derivatives $ 16,686 $ 18,913 $ 441 $ - $ 36,040 Equity securities $ - $ 30,872 $ - $ 166 $ 31,038 Mortgage servicing rights - - 125,358 - 125,358 Derivatives - 24,848 - - 24,848 Total assets measured at fair value on a recurring basis $ 1,816,637 $ 24,633,804 $ 126,592 $ 166 $ 26,577,199 Liabilities Derivatives $ - $ ( 20,218) $ - $ - $ ( 20,218) Contingent consideration - - ( 9,241) - ( 9,241) Total liabilities measured at fair value on a recurring basis $ - $ ( 20,218) $ ( 9,241) $ - $ ( 29,459) 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)
Nonrecurring fair value measurements	Quarter ended March 31, 2022 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 4,891 $ 4,891 $ ( 180) Loans held-for-sale [2] - - 55,150 55,150 ( 675) Other real estate owned [3] - - 1,432 1,432 ( 495) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 61,473 $ 61,473 $ ( 1,350) [1] Relates mainly 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. Quarter ended March 31, 2021 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 2,384 $ 2,384 $ ( 406) Loans held-for-sale [2] - - 3,549 3,549 ( 846) Other real estate owned [3] - - 6,205 6,205 ( 1,073) Other foreclosed assets [3] - - 48 48 ( 7) Long-lived assets held-for-sale [4] - - 2,728 2,728 ( 303) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 14,914 $ 14,914 $ ( 2,635) [1] Relates mainly 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] 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	Quarter ended March 31, 2022 MBS CMOs Other classified classified securities as debt as trading classified securities account as trading Mortgage available- debt account debt servicing Total Contingent Total (In thousands) for-sale securities securities rights assets consideration liabilities Balance at December 31, 2021 $ 826 $ 198 $ 280 $ 121,570 $ 122,874 $ 9,241 $ 9,241 Gains (losses) included in earnings - ( 1) ( 13) 1,017 1,003 - - Gains (losses) included in OCI ( 8) - - - ( 8) - - Additions - 2 - 2,771 2,773 - - Settlements ( 25) ( 25) - - ( 50) - - Balance at March 31, 2022 $ 793 $ 174 $ 267 $ 125,358 $ 126,592 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at March 31, 2022 $ - $ ( 1) $ 5 $ 4,252 $ 4,256 $ - $ - Quarter ended March 31, 2021 MBS Other classified CMOs securities as investment classified classified securities as trading as trading Mortgage available- account account servicing Total (In thousands) for-sale securities securities rights assets Balance at December 31, 2020 $ 1,014 $ 278 $ 381 $ 118,395 $ 120,068 Gains (losses) included in earnings - - ( 9) 512 503 Gains (losses) included in OCI ( 5) - - - ( 5) Additions - 1 - 3,636 3,637 Settlements ( 75) ( 28) - - ( 103) Balance at March 31, 2021 $ 934 $ 251 $ 372 $ 122,543 $ 124,100 Changes in unrealized gains (losses) included in earnings relating to assets still held at March 31, 2021 $ - $ - $ 4 $ 5,162 $ 5,166
Gain (loss) included in earnings, measured on recurring basis	Quarter ended March 31, 2022 Quarter ended March 31, 2021 Changes in unrealized Changes in unrealized Total gains gains (losses) relating to Total gains gains (losses) relating to (losses) included assets still held at (losses) included assets still held at (In thousands) in earnings reporting date in earnings reporting date Mortgage banking activities $ 1,017 $ 4,252 $ 512 $ 5,162 Trading account (loss) profit ( 14) 4 ( 9) 4 Total $ 1,003 $ 4,256 $ 503 $ 5,166
Fair value measurements, recurring and nonrecurring valuation techniques	Fair value at March 31, (In thousands) 2022 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 174 Discounted cash flow model Weighted average life 0.7 years ( 0.5 - 1.0 years) Yield 3.9% ( 3.9% - 4.5%) Prepayment speed 8.4% ( 0.1% - 15.7%) Other - trading $ 267 Discounted cash flow model Weighted average life 2.9 years Yield 12.0% Prepayment speed 10.8% Contingent consideration $ ( 9,241) Probability weighted discounted cash flows Discount rate 2.52% Loans held-in-portfolio $ 4,653 [2] External appraisal Haircut applied on external appraisals 12.6% [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. Fair value at March 31, (In thousands) 2021 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 251 Discounted cash flow model Weighted average life 1.1 years ( 0.3 - 1.3 years) Yield 3.6% ( 3.6% - 4.1%) Prepayment speed 12.9% ( 10.4% - 18.3%) Other - trading $ 372 Discounted cash flow model Weighted average life 3.6 years Yield 12.0% Prepayment speed 10.8% Mortgage servicing rights $ 122,543 Discounted cash flow model Prepayment speed 6.0% ( 0.4% - 24.6)%) Weighted average life 6.3 years ( 0.1 - 12.8 years) Discount rate 11.1% ( 9.5% - 14.7%) Loans held-in-portfolio $ 2,162 [2] External appraisal Haircut applied on external appraisals 16.3% ( 12.6% - 21.4%) Other real estate owned $ 5,772 [3] External appraisal Haircut applied on external appraisals 22.1% ( 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 of financial instr_2

Fair value of financial instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures
Carrying or Notional Amounts and Estimated Fair Values for Financial Instruments	March 31, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 439,148 $ 439,148 $ - $ - $ - $ 439,148 Money market investments 10,069,692 10,063,392 6,300 - - 10,069,692 Trading account debt securities, excluding derivatives [1] 36,040 16,686 18,913 441 - 36,040 Debt securities available-for-sale [1] 26,359,915 1,799,951 24,559,171 793 - 26,359,915 Debt securities held-to-maturity: Obligations of Puerto Rico, States and political subdivisions $ 62,156 $ - $ - $ 69,897 $ - $ 69,897 Collateralized mortgage obligation-federal agency 24 - - 25 - 25 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities held-to-maturity $ 68,140 $ - $ 5,960 $ 69,922 $ - $ 75,882 Equity securities: FHLB stock $ 55,648 $ - $ 55,648 $ - $ - $ 55,648 FRB stock 96,747 - 96,747 - - 96,747 Other investments 33,953 - 30,872 3,704 166 34,742 Total equity securities $ 186,348 $ - $ 183,267 $ 3,704 $ 166 $ 187,137 Loans held-for-sale $ 55,150 $ - $ - $ 55,150 $ - $ 55,150 Loans held-in-portfolio 28,910,398 - - 28,008,363 - 28,008,363 Mortgage servicing rights 125,358 - - 125,358 - 125,358 Derivatives 24,848 - 24,848 - - 24,848 March 31, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 55,771,606 $ - $ 55,771,606 $ - $ - $ 55,771,606 Time deposits 7,090,689 - 6,912,361 - - 6,912,361 Total deposits $ 62,862,295 $ - $ 62,683,967 $ - $ - $ 62,683,967 Assets sold under agreements to repurchase $ 72,819 $ - $ 72,889 $ - $ - $ 72,889 Notes payable: FHLB advances $ 491,429 $ - $ 477,283 $ - $ - $ 477,283 Unsecured senior debt securities 298,159 - 312,375 - - 312,375 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,299 - 206,425 - - 206,425 Total notes payable $ 987,887 $ - $ 996,083 $ - $ - $ 996,083 Derivatives $ 20,218 $ - $ 20,218 $ - $ - $ 20,218 Contingent consideration $ 9,241 $ - $ - $ 9,241 $ - $ 9,241 [1] Refer to Note 23 to the Consolidated Financial Statements for the fair value by class of financial asset and its hierarchy level. 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 23 to the Consolidated Financial Statements for the fair value by class of financial asset and its hierarchy level. [2] Refer to Note 15 to the Consolidated Financial Statements for the composition of other short-term borrowings.

Net income per common share (Ta

Net income per common share (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share
Computation of Net Income (Loss) Per Common Share ("EPS"), Basic and Diluted	The following table sets forth the computation of net income per common share (“EPS”), basic and diluted, for the quarters ended March 31, 2022 and 2021 Quarters ended March 31, (In thousands, except per share information) 2022 2021 Net income $ 211,686 $ 262,632 Preferred stock dividends ( 353) ( 353) Net income applicable to common stock $ 211,333 $ 262,279 Average common shares outstanding 78,443,706 83,899,769 Average potential dilutive common shares 151,757 152,166 Average common shares outstanding - assuming dilution 78,595,463 84,051,935 Basic EPS $ 2.69 $ 3.13 Diluted EPS $ 2.69 $ 3.12

Revenue from contracts with c_2

Revenue from contracts with customers (Tables)	3 Months Ended
	Mar. 31, 2022
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 quarters ended March 31, 2022 and 2021 Quarters ended March 31, (In thousands) 2022 2021 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 37,985 $ 2,728 $ 36,859 $ 2,761 Other service fees: Debit card fees 11,562 217 11,342 235 Insurance fees, excluding reinsurance 10,038 1,322 8,238 609 Credit card fees, excluding late fees and membership fees 30,222 324 25,410 248 Sale and administration of investment products 5,791 - 5,540 - Trust fees 6,149 - 6,015 - Total revenue from contracts with customers [1] $ 101,747 $ 4,591 $ 93,404 $ 3,853 [1] The amounts include intersegment transactions of $ 1.5 million and $ 0.3 million, respectively, for the quarters ended March 31, 2022 and 2021.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Lease Liability Maturity	The following table presents the undiscounted cash flows of operating and finance leases for each of the following periods: March 31, 2022 (In thousands) Remaining 2022 2023 2024 2025 2026 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 22,112 $ 27,896 $ 26,483 $ 23,555 $ 15,113 $ 47,965 $ 163,124 $ ( 18,640) $ 144,484 Finance Leases 3,060 4,167 4,264 4,376 4,025 9,668 29,560 ( 3,895) 25,665
Leases cost	The following table presents the lease cost recognized by the Corporation in the Consolidated Statements of Operations as follows: Quarters ended March 31, (In thousands) 2022 2021 Finance lease cost: Amortization of ROU assets $ 759 $ 581 Interest on lease liabilities 308 273 Operating lease cost 7,627 7,055 Short-term lease cost 55 87 Variable lease cost 23 30 Sublease income ( 9) ( 19) Total lease cost [1] $ 8,763 $ 8,007 [1] Total lease cost is recognized as part of net occupancy expense.
Leases supplemental information	The following table presents supplemental cash flow information and other related information related to operating and finance leases. Quarters ended March 31, (Dollars in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases [1] $ 7,506 $ 15,197 Operating cash flows from finance leases 308 273 Financing cash flows from finance leases [1] 833 1,133 ROU assets obtained in exchange for new lease obligations: Operating leases $ 1,553 $ 2,394 Weighted-average remaining lease term: Operating leases 7.6 years 8.2 years Finance leases 8.7 years 8.9 years Weighted-average discount rate: Operating leases 2.8 % 3.0 % Finance leases 4.4 % 5.1 % [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.

Pension and postretirement be_2

Pension and postretirement benefits (Tables)	3 Months Ended
	Mar. 31, 2022
Employee benefits
Components of Net Periodic Pension/Postretirement Benefit Cost	Pension Plans OPEB Plan Quarters ended March 31, Quarters ended March 31, (In thousands) 2022 2021 2022 2021 Personnel Cost: Service cost $ - $ - $ 121 $ 159 Other operating expenses: Interest cost 4,800 3,998 983 893 Expected return on plan assets ( 8,847) ( 9,670) - - Amortization of prior service cost/(credit) - - - - Amortization of net loss 3,911 4,720 - 470 Total net periodic pension cost $ ( 136) $ ( 952) $ 1,104 $ 1,522
Schedule of expected benefit payments	For the three months ended For the year ending (In thousands) March 31, 2022 December 31, 2022 Pension Plans $ 57 $ 227 OPEB Plan $ 1,645 $ 5,971

Stock-based compensation (Table

Stock-based compensation (Tables)	3 Months Ended
	Mar. 31, 2022
Executive Officers
Schedule of Unvested Restricted Stock Units Roll Forward	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 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 Granted 109,441 87.10 Performance Shares Quantity Adjustment 20,608 77.65 Vested ( 169,260) 71.47 Non-vested at March 31, 2022 282,672 $ 51.23
Directors
Schedule of Unvested Restricted Stock Units Roll Forward	The following table summarizes the restricted stock activity under the Incentive Plan for members of the Board of Directors: (Not in thousands) Restricted Stock units Weighted-Average Grant Date Fair Value per Unit Non-vested at December 31, 2020 $ - $ - Granted 20,638 78.20 Vested ( 20,638) 78.20 Forfeited - - Non-vested at December 31, 2021 $ - $ - Granted 530 82.73 Vested ( 530) 82.73 Forfeited - - Non-vested at March 31, 2022 $ - $ -

Income taxes (Tables)

Income taxes (Tables)	3 Months Ended
	Mar. 31, 2022
Components of Deferred Tax Assets and Liabilities	March 31, 2022 (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 117,016 663,751 780,767 Postretirement and pension benefits 54,701 - 54,701 Deferred loan origination fees/cost 245 - 245 Allowance for credit losses 228,627 30,955 259,582 Accelerated depreciation 5,246 7,350 12,596 FDIC-assisted transaction 152,665 - 152,665 Intercompany deferred gains 1,739 - 1,739 Lease liability 31,292 22,856 54,148 Unrealized net gain on trading and available-for-sale securities 138,994 9,600 148,594 Difference in outside basis from pass-through entities 52,251 - 52,251 Other temporary differences 36,380 8,547 44,927 Total gross deferred tax assets 819,417 745,840 1,565,257 Deferred tax liabilities: Indefinite-lived intangibles 77,467 52,012 129,479 Right of use assets 29,103 19,310 48,413 Deferred loan origination fees/cost - 3,635 3,635 Other temporary differences 44,079 1,530 45,609 Total gross deferred tax liabilities 150,649 76,487 227,136 Valuation allowance 132,449 430,447 562,896 Net deferred tax asset $ 536,319 $ 238,906 $ 775,225 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
Reconciliation of Unrecognized Tax Benefits	(In millions) 2022 2021 Balance at January 1 $ 3.5 $ 14.8 Balance at March 31 $ 3.5 $ 14.8
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	Quarters ended March 31, 2022 March 31, 2021 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 98,312 38 % $ 127,299 38 % Net benefit of tax exempt interest income ( 36,489) ( 14) ( 34,163) ( 10) Deferred tax asset valuation allowance 3,891 1 10,321 3 Difference in tax rates due to multiple jurisdictions ( 6,493) ( 2) ( 10,948) ( 3) Effect of income subject to preferential tax rate ( 3,945) ( 2) ( 3,329) ( 1) Adjustment due to estimate on the annual effective rate ( 6,380) ( 2) ( 10,328) ( 3) State and local taxes 3,665 1 61 - Others ( 2,082) ( 1) ( 2,082) ( 1) Income tax expense $ 50,479 19 % $ 76,831 23 %

Supplemental disclosure on th_2

Supplemental disclosure on the consolidated statements of cash flows (Tables)	3 Months Ended
	Mar. 31, 2022
Supplemental Cash Flow Information
Additional Disclosures on Cash Flow Information and Non-Cash Activities	(In thousands) March 31, 2022 March 31, 2021 Non-cash activities: Loans transferred to other real estate $ 18,647 $ 2,900 Loans transferred to other property 13,425 13,029 Total loans transferred to foreclosed assets 32,072 15,929 Loans transferred to other assets 2,228 1,156 Financed sales of other real estate assets 2,109 3,206 Financed sales of other foreclosed assets 9,384 9,417 Total financed sales of foreclosed assets 11,493 12,623 Financed sale of premises and equipment 11,738 - Transfers from loans held-in-portfolio to loans held-for-sale 7,607 38,959 Transfers from loans held-for-sale to loans held-in-portfolio 786 1,136 Loans securitized into investment securities [1] 142,702 188,268 Trades receivable from brokers and counterparties 60,186 70,965 Trades payable to brokers and counterparties 10,710 12,180 Recognition of mortgage servicing rights on securitizations or asset transfers 2,771 3,636 Loans booked under the GNMA buy-back option 4,961 7,393 Capitalization of lease right of use asset 3,689 1,774 [1] Includes loans securitized into trading securities and subsequently sold before quarter end.
Reconciliation Of Cash And Due From Banks And Restricted Cash	(In thousands) March 31, 2022 March 31, 2021 Cash and due from banks $ 381,658 $ 489,084 Restricted cash and due from banks 57,490 6,831 Restricted cash in money market investments 6,300 6,110 Total cash and due from banks, and restricted cash [2] $ 445,448 $ 502,025 [2] Refer to Note 4 - Restrictions on cash and due from banks and certain securities for nature of restrictions.

Segment reporting (Tables)

Segment reporting (Tables)	3 Months Ended
	Mar. 31, 2022
Table Text Block
Results of Operations and Total Assets	2022 For the quarter ended March 31, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 415,169 $ 86,520 $ 1 Provision for credit losses (benefit) ( 13,690) ( 2,019) - Non-interest income 135,862 5,954 ( 137) Amortization of intangibles 484 407 - Depreciation expense 11,517 1,824 - Other operating expenses 334,878 53,639 ( 136) Income tax expense 39,316 11,592 - Net income $ 178,526 $ 27,031 $ - Segment assets $ 58,708,519 $ 10,579,410 $ ( 167,754) For the quarter ended March 31, 2022 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 501,690 $ ( 7,378) $ - $ 494,312 Provision for credit losses (benefit) ( 15,709) 209 - ( 15,500) Non-interest income 141,679 14,265 ( 1,252) 154,692 Amortization of intangibles 891 - - 891 Depreciation expense 13,341 289 - 13,630 Other operating expenses 388,381 444 ( 1,007) 387,818 Income tax expense (benefit) 50,908 ( 332) ( 97) 50,479 Net income $ 205,557 $ 6,277 $ ( 148) $ 211,686 Segment assets $ 69,120,175 $ 5,490,318 $ ( 5,085,411) $ 69,525,082 2021 For the quarter ended March 31, 2021 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 410,323 $ 79,169 $ 2 Provision for credit losses (benefit) ( 45,361) ( 36,720) - Non-interest income 135,208 5,666 ( 138) Amortization of intangibles 861 166 - Depreciation expense 12,143 2,328 - Other operating expenses 306,920 53,194 ( 136) Income tax expense 58,813 18,035 - Net income $ 212,155 $ 47,832 $ - Segment assets $ 55,990,801 $ 10,557,751 $ ( 41,613) For the quarter ended March 31, 2021 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 489,494 $ ( 10,382) $ - $ 479,112 Provision for credit losses (benefit) ( 82,081) ( 145) - ( 82,226) Non-interest income 140,736 13,150 ( 233) 153,653 Amortization of intangibles 1,027 24 - 1,051 Depreciation expense 14,471 267 - 14,738 Other operating expenses 359,978 670 ( 909) 359,739 Income tax expense (benefit) 76,848 ( 333) 316 76,831 Net income $ 259,987 $ 2,285 $ 360 $ 262,632 Segment assets $ 66,506,939 $ 5,193,058 $ ( 4,829,729) $ 66,870,268
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area	Geographic Information Quarter ended (In thousands) March 31, 2022 March 31, 2021 Revenues: [1] Puerto Rico $ 527,673 $ 518,709 United States 103,174 96,012 Other 18,157 18,044 Total consolidated revenues $ 649,004 $ 632,765 [1] Total revenues include net interest income, service charges on deposit accounts, other service fees, mortgage banking activities, net (loss) gain, including impairment on equity securities, net loss on trading account debt securities, indemnity reserves on loans sold expense and other operating income. Selected Balance Sheet Information: (In thousands) March 31, 2022 December 31, 2021 Puerto Rico Total assets $ 56,904,970 $ 63,221,282 Loans 19,823,507 19,770,118 Deposits 53,004,727 57,211,608 United States Total assets $ 11,234,624 $ 10,986,055 Loans 9,201,713 8,903,493 Deposits 7,843,062 7,777,232 Other Total assets $ 1,385,488 $ 890,562 Loans 618,120 626,115 Deposits [1] 2,014,506 2,016,248 [1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

Restrictions on cash and due _2

Restrictions on cash and due from banks and certain securities - Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Disclosure - Restrictions on Cash and Due from Banks and Certain Securities - Additional Information [Abstract]
Average Reserve Required With Federal Reserve Bank	$ 2,800	$ 2,700
Restricted Cash And Cash Equivalents	$ 92	$ 50

Debt Securities Available for S

Debt Securities Available for Sale - Weighted average yield and contractual maturities of debt securities AFS (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Amortized cost
Amortized Cost	$ 27,671,916	$ 25,061,224
Gross unrealized gains
Gross unrealized gains	24,219	205,393
Gross unrealized loss
Gross unrealized losses	1,336,220	298,348
Fair Value
Debt securities available-for-sale	$ 26,359,915	$ 24,968,269
Weighted average yield
Weighted Average Yield	1.34%	1.42%
US Treasury Securities
Amortized cost
Amortized cost - Within 1 year	$ 3,330,374	$ 1,225,558
Amortized cost - After 1 to 5 years	10,844,508	10,059,163
Amortized cost - After 5 to 10 years	4,704,946	4,563,265
Amortized Cost	18,879,828	15,847,986
Gross unrealized gains
Gross unrealized gain - Within 1 year	7,509	13,556
Gross unrealized gain - After 1 to 5 years	5,396	98,808
Gross unrealized gain - After 5 to 10 years	0	739
Gross unrealized gains	12,905	113,103
Gross unrealized loss
Gross unrealized losses - Within 1 year	3,844	69
Gross unrealized losses - After 1 to 5 years	416,936	65,186
Gross unrealized losses - After 5 to 10 years	292,842	36,804
Gross unrealized losses	713,622	102,059
Fair Value
Fair value - Within 1 year	3,334,039	1,239,045
Fair value - After 1 to 5 years	10,432,968	10,092,785
Fair value - After 5 to 10 years	4,412,104	4,527,200
Debt securities available-for-sale	$ 18,179,111	$ 15,859,030
Weighted average yield
Weighted average yield - Within 1 year	0.98%	2.33%
Weighted average yield - After 1 to 5 years	1.17%	1.18%
Weighted average yield - After 5 to 10 years	1.32%	1.22%
Weighted Average Yield	1.18%	1.27%
Obligations of U.S. Government sponsored entities
Amortized cost
Amortized cost - Within 1 year	$ 70	$ 70
Amortized Cost	70	70
Gross unrealized gains
Gross unrealized gain - Within 1 year	1	0
Gross unrealized gains	1	0
Gross unrealized loss
Gross unrealized losses - Within 1 year	0	0
Gross unrealized losses	0	0
Fair Value
Fair value - Within 1 year	71	70
Debt securities available-for-sale	$ 71	$ 70
Weighted average yield
Weighted average yield - Within 1 year	5.59%	5.63%
Weighted Average Yield	5.59%	5.63%
Collateralized Mortgage Obligations - Federal agencies
Amortized cost
Amortized cost - After 1 to 5 years	$ 2,062	$ 2,433
Amortized cost - After 5 to 10 years	47,568	43,241
Amortized cost - After 10 years	146,811	172,176
Amortized Cost	196,441	217,850
Gross unrealized gains
Gross unrealized gain - After 1 to 5 years	0	42
Gross unrealized gain - After 5 to 10 years	6	295
Gross unrealized gain - After 10 years	714	3,441
Gross unrealized gains	720	3,778
Gross unrealized loss
Gross unrealized losses - After 1 to 5 years	18	0
Gross unrealized losses - After 5 to 10 years	1,191	6
Gross unrealized losses - After 10 years	4,737	357
Gross unrealized losses	5,946	363
Fair Value
Fair value - After 1 to 5 years	2,044	2,475
Fair value - After 5 to 10 years	46,383	43,530
Fair value - After 10 years	142,788	175,260
Debt securities available-for-sale	$ 191,215	$ 221,265
Weighted average yield
Weighted average yield - After 1 to 5 years	2.12%	2.16%
Weighted average yield - After 5 to 10 years	1.56%	1.54%
Weighted average yield - After 10 years	2.19%	2.13%
Weighted Average Yield	2.04%	2.01%
Mortgage Backed Securities
Amortized cost
Amortized cost - Within 1 year	$ 3	$ 11
Amortized cost - After 1 to 5 years	65,835	65,749
Amortized cost - After 5 to 10 years	739,719	665,600
Amortized cost - After 10 years	7,789,911	8,263,835
Amortized Cost	8,595,468	8,995,195
Gross unrealized gains
Gross unrealized gain - Within 1 year	0	1
Gross unrealized gain - After 1 to 5 years	256	2,380
Gross unrealized gain - After 5 to 10 years	668	17,998
Gross unrealized gain - After 10 years	9,667	68,128
Gross unrealized gains	10,591	88,507
Gross unrealized loss
Gross unrealized losses - Within 1 year	0	0
Gross unrealized losses - After 1 to 5 years	413	11
Gross unrealized losses - After 5 to 10 years	9,398	5
Gross unrealized losses - After 10 years	606,841	195,910
Gross unrealized losses	616,652	195,926
Fair Value
Fair value - Within 1 year	3	12
Fair value - After 1 to 5 years	65,678	68,118
Fair value - After 5 to 10 years	730,989	683,593
Fair value - After 10 years	7,192,737	8,136,053
Debt securities available-for-sale	$ 7,989,407	$ 8,887,776
Weighted average yield
Weighted average yield - Within 1 year	2.11%	4.79%
Weighted average yield - After 1 to 5 years	2.17%	2.23%
Weighted average yield - After 5 to 10 years	2.06%	1.97%
Weighted average yield - After 10 years	1.65%	1.67%
Weighted Average Yield	1.68%	1.69%
Other
Amortized cost
Amortized cost - After 1 to 5 years	$ 109	$ 123
Amortized Cost	109	123
Gross unrealized gains
Gross unrealized gain - After 1 to 5 years	2	5
Gross unrealized gains	2	5
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	111	128
Debt securities available-for-sale	$ 111	$ 128
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	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale
Financial instruments pledged to secure government and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements	$ 17.7	$ 22
Financial Instruments served as collateral to secure debt obligations	$ 16.6	$ 20.9

Debt Securities Available for_3

Debt Securities Available for Sale - AFS debt securities in a continuous unrealized loss position (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale
Less than 12 months Fair Value	$ 18,170,576	$ 15,393,537
Less than 12 months Gross Unrealized Losses	814,491	273,007
12 months or more Fair Value	5,167,612	596,135
12 months or more Gross Unrealized Losses	521,729	25,341
Total Fair Value	23,338,188	15,989,672
Total Gross Unrealized Losses	1,336,220	298,348
US Treasury Securities
Debt Securities, Available-for-sale
Less than 12 months Fair Value	15,249,412	9,590,448
Less than 12 months Gross Unrealized Losses	681,815	102,059
12 months or more Fair Value	553,050	0
12 months or more Gross Unrealized Losses	31,807	0
Total Fair Value	15,802,462	9,590,448
Total Gross Unrealized Losses	713,622	102,059
Collateralized Mortgage Obligations - Federal agencies
Debt Securities, Available-for-sale
Less than 12 months Fair Value	157,384	35,533
Less than 12 months Gross Unrealized Losses	5,854	334
12 months or more Fair Value	997	1,084
12 months or more Gross Unrealized Losses	92	29
Total Fair Value	158,381	36,617
Total Gross Unrealized Losses	5,946	363
Mortgage Backed Securities
Debt Securities, Available-for-sale
Less than 12 months Fair Value	2,763,780	5,767,556
Less than 12 months Gross Unrealized Losses	126,822	170,614
12 months or more Fair Value	4,613,565	595,051
12 months or more Gross Unrealized Losses	489,830	25,312
Total Fair Value	7,377,345	6,362,607
Total Gross Unrealized Losses	$ 616,652	$ 195,926

Debt Securities Available for_4

Debt Securities Available for Sale - Debt securities available- for-sale - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Debt Securities, Available-for-sale
Proceeds from sale of debt securities available-for-sale	$ 0	$ 0
Gross unrealized losses	$ 1,336,220,000		$ 298,348,000

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	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Amortized cost
Amortized cost	$ 75,984	$ 79,461
Allowance for credit losses
Allowance for credit losses	7,844	8,096
Net of Allowance
Net of Allowance	68,140	71,365
Gross unrecognized gains
Gross Unrealized Gains	8,263	12,003
Gross unrealized losses
Gross Unrealized Losses	521	0
Fair Value
Fair value	$ 75,882	$ 83,368
Weighted Average Yield
Weighted Average Yield	2.95%	3.06%
Obligations of Puerto Rico, States and political subdivisions
Amortized cost
Amortized cost - Within 1 year	$ 4,440	$ 4,240
Amortized cost - After 1 to 5 years	13,045	14,395
Amortized cost - After 5 to 10 years	9,530	11,280
Amortized cost - After 10 years	42,985	43,561
Amortized cost	70,000	73,476
Allowance for credit losses
Allowance for credit losses - Within 1 Year	13	7
Allowance for credit losses - After 1 to 5 years	158	148
Allowance for credit losses - After 5 to 10 years	89	122
Allowance for credit losses - After 10 years	7,584	7,819
Allowance for credit losses	7,844	8,096	$ 10,096	$ 10,261
Net of Allowance
Net of Allowance - Within 1 Year	4,427	4,233
Net of Allowance - After 1 to 5 Years	12,887	14,247
Net of Allowance - After 5 to 10 Years	9,441	11,158
Net of Allowance - After 10 Years	35,401	35,742
Net of Allowance	62,156	65,380
Gross unrecognized gains
Gross unrealized gains - Within 1 year	13	4
Gross unrealized gains - After 1 to 5 years	158	149
Gross unrealized gains - After 5 to 10 years	24	104
Gross unrealized gains - After 10 years	8,067	11,746
Gross Unrealized Gains	8,262	12,003
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	1	0
Gross unrealized losses - After 10 years	520	0
Gross Unrealized Losses	521	0
Fair Value
Fair Value - within 1 year	4,440	4,237
Fair Value - After 1 to 5 years	13,045	14,396
Fair Value - After 5 to 10 years	9,464	11,262
Fair Value - After 10 years	42,948	47,488
Fair value	$ 69,897	$ 77,383
Weighted Average Yield
Weighted average yield - Within 1 Year	6.10%	6.07%
Weighted average yield - After 1 to 5 years	6.28%	6.23%
Weighted average yield - After 5 to 10 years	1.40%	2.18%
Weighted average yield - After 10 years	1.48%	1.50%
Weighted Average Yield	2.66%	2.79%
Collateralized Mortgage Obligations - Federal agencies
Amortized cost
Amortized cost - After 1 to 5 years	$ 24	$ 25
Amortized cost	24	25
Allowance for credit losses
Allowance for credit losses - After 1 to 5 years	0	0
Allowance for credit losses	0	0
Net of Allowance
Net of Allowance - After 1 to 5 Years	24	25
Net of Allowance	24	25
Gross unrecognized gains
Gross unrealized gains - After 1 to 5 years	1	0
Gross Unrealized Gains	1	0
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	25
Fair value	$ 25	$ 25
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	$ 5,960
Amortized cost	5,960	5,960
Allowance for credit losses
Allowance for credit losses - After 10 years	0	0
Allowance for credit losses	0	0
Net of Allowance
Net of Allowance - After 10 Years	5,960	5,960
Net of Allowance	5,960	5,960
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	5,960
Fair value	$ 5,960	$ 5,960
Weighted Average Yield
Weighted average yield - After 10 years	6.33%	6.33%
Weighted Average Yield	6.33%	6.33%

Debt Securities Held-to-matur_4

Debt Securities Held-to-maturity - Credit quality indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt securities held to maturity credit quality indicator
Held to maturity securities	$ 75,984	$ 79,461
Obligations of Puerto Rico, States and political subdivisions
Debt securities held to maturity credit quality indicator
Held to maturity securities	70,000	73,476
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	27,245	30,145
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	15,075	16,345
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	$ 12,170	$ 13,800

Debt Securities Held-to-matur_5

Debt Securities Held-to-maturity - Allowance for credit loss on held to maturity (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt securities held to maturity allowance for credit loss
Beginning balance	$ 8,096
Ending balance	7,844
Obligations of Puerto Rico, States and political subdivisions
Debt securities held to maturity allowance for credit loss
Beginning balance	8,096	$ 10,261
Provision for credit losses (benefit)	(252)	(165)
Securities charged-off	0	0
Recoveries	0	0
Ending balance	$ 7,844	$ 10,096

Debt Securities Held-to-matur_6

Debt Securities Held-to-maturity -Additional Information (Details)	Mar. 31, 2022USD ($)score	Dec. 31, 2021USD ($)score	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Debt Securities, Held-to-maturity
Held to maturity securities	$ 75,984,000	$ 79,461,000
Allowance for credit losses	7,844,000	8,096,000
Obligations of Puerto Rico, States and political subdivisions
Debt Securities, Held-to-maturity
Held to maturity securities	70,000,000	73,476,000
Allowance for credit losses	$ 7,844,000	$ 8,096,000	$ 10,096,000	$ 10,261,000
Average Credit Score Fico | score	704	704
Percentage of nominal value	65.00%	64.00%
Obligations of Puerto Rico, States and political subdivisions | Munis Payable From Real and Personal Property Taxes
Debt Securities, Held-to-maturity
Held to maturity securities	$ 27,245,000	$ 30,145,000
Allowance for credit losses	300,000	300,000
Obligations of Puerto Rico, States and political subdivisions | Munis Not Guaranteed By Puerto Rico Central Government
Debt Securities, Held-to-maturity
Held to maturity securities	43,000,000	43,000,000
Allowance for credit losses	7,500,000	7,800,000
Past due
Debt Securities, Held-to-maturity
Held to maturity securities	$ 0	$ 0

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	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	$ 29,588,190	$ 29,240,557
Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	304,231	344,648
Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	106,608	117,801
Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	960,475	1,028,644
Non-accrual loans	519,921	547,877
Accruing loans past-due 90 days or more	440,554	480,767
Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,371,314	1,491,093
Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	28,216,876	27,749,464
Construction
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	744,783	716,220
Construction | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	715	0
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	0	485
Non-accrual loans	0	485
Accruing loans past-due 90 days or more	0	0
Construction | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	715	485
Construction | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	744,068	715,735
Mortgages
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	7,326,346	7,427,196
Mortgages | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	195,403	229,541
Mortgages | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	80,443	84,327
Mortgages | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	758,164	827,214
Non-accrual loans	328,386	355,856
Accruing loans past-due 90 days or more	429,778	471,358
Mortgages | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,034,010	1,141,082
Mortgages | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,292,336	6,286,114
Commercial | Commercial multi-family
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,028,864	1,962,630
Commercial | Commercial multi-family | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,130	4,140
Commercial | Commercial multi-family | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	189	0
Commercial | Commercial multi-family | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	274	272
Non-accrual loans	274	272
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	2,593	4,412
Commercial | Commercial multi-family | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,026,271	1,958,218
Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,954,430	4,613,390
Commercial | CRE non-owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,548	8,120
Commercial | CRE non-owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	833	819
Commercial | CRE non-owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	21,001	21,338
Non-accrual loans	21,001	21,338
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	26,382	30,277
Commercial | CRE non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,928,048	4,583,113
Commercial | CRE owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,856,144	1,818,102
Commercial | CRE owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10,409	4,424
Commercial | CRE owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	50	278
Commercial | CRE owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	50,409	55,348
Non-accrual loans	50,409	55,348
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	60,868	60,050
Commercial | CRE owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,795,276	1,758,052
Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,188,808	5,338,579
Commercial | Commercial and Industrial | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,143	12,848
Commercial | Commercial and Industrial | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	771	4,407
Commercial | Commercial and Industrial | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	53,058	49,257
Non-accrual loans	51,501	48,621
Accruing loans past-due 90 days or more	1,557	636
Commercial | Commercial and Industrial | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	65,972	66,512
Commercial | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,122,836	5,272,067
Leasing
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,426,122	1,381,319
Leasing | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	9,819	9,240
Leasing | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,446	2,037
Leasing | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,766	3,102
Non-accrual loans	3,766	3,102
Accruing loans past-due 90 days or more	0	0
Leasing | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	16,031	14,379
Leasing | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,410,091	1,366,940
Consumer | Credit card
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	915,586	919,861
Consumer | Credit card | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,817	5,768
Consumer | Credit card | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,728	3,520
Consumer | Credit card | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	9,049	8,577
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	9,049	8,577
Consumer | Credit card | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	18,594	17,865
Consumer | Credit card | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	896,992	901,996
Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	77,075	78,862
Consumer | Home equity lines of credit | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	259	117
Consumer | Home equity lines of credit | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	15	34
Consumer | Home equity lines of credit | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,271	5,429
Non-accrual loans	5,248	5,406
Accruing loans past-due 90 days or more	23	23
Consumer | Home equity lines of credit | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,545	5,580
Consumer | Home equity lines of credit | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	71,530	73,282
Consumer | Personal loans
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,508,781	1,443,005
Consumer | Personal loans | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10,954	10,890
Consumer | Personal loans | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,742	6,646
Consumer | Personal loans | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	19,784	21,916
Non-accrual loans	19,784	21,916
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	37,480	39,452
Consumer | Personal loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,471,301	1,403,553
Consumer | Auto Loan
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,430,162	3,412,187
Consumer | Auto Loan | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	51,497	59,128
Consumer | Auto Loan | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	11,353	15,019
Consumer | Auto Loan | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	27,514	23,085
Non-accrual loans	27,514	23,085
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	90,364	97,232
Consumer | Auto Loan | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,339,798	3,314,955
Consumer | Other
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	131,089	129,206
Consumer | Other | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	537	432
Consumer | Other | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	38	714
Consumer | Other | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,185	12,621
Non-accrual loans	12,038	12,448
Accruing loans past-due 90 days or more	147	173
Consumer | Other | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,760	13,767
Consumer | Other | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	118,329	115,439
Puerto Rico
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	21,012,259	20,865,382
Puerto Rico | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	272,015	311,951
Puerto Rico | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	103,623	111,257
Puerto Rico | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	926,831	994,938
Non-accrual loans	486,816	514,289
Accruing loans past-due 90 days or more	440,015	480,649
Puerto Rico | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,302,469	1,418,146
Puerto Rico | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	19,709,790	19,447,236
Puerto Rico | Construction
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	127,325	87,111
Puerto Rico | Construction | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	715	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	0	485
Non-accrual loans	0	485
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	715	485
Puerto Rico | Construction | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	126,610	86,626
Puerto Rico | Mortgages
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,123,663	6,251,866
Puerto Rico | Mortgages | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	182,397	217,830
Puerto Rico | Mortgages | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	79,374	81,754
Puerto Rico | Mortgages | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	736,338	805,245
Non-accrual loans	306,560	333,887
Accruing loans past-due 90 days or more	429,778	471,358
Puerto Rico | Mortgages | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	998,109	1,104,829
Puerto Rico | Mortgages | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,125,554	5,147,037
Puerto Rico | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	163,241	154,769
Puerto Rico | Commercial | Commercial multi-family | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,130	314
Puerto Rico | Commercial | Commercial multi-family | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	189	0
Puerto Rico | Commercial | Commercial multi-family | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	274	272
Non-accrual loans	274	272
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	2,593	586
Puerto Rico | Commercial | Commercial multi-family | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	160,648	154,183
Puerto Rico | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,560,540	2,289,923
Puerto Rico | Commercial | CRE non-owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,646	2,399
Puerto Rico | Commercial | CRE non-owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	93	136
Puerto Rico | Commercial | CRE non-owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	20,627	20,716
Non-accrual loans	20,627	20,716
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	24,366	23,251
Puerto Rico | Commercial | CRE non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,536,174	2,266,672
Puerto Rico | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,450,502	1,423,729
Puerto Rico | Commercial | CRE owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,024	3,329
Puerto Rico | Commercial | CRE owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	50	278
Puerto Rico | Commercial | CRE owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	49,732	54,335
Non-accrual loans	49,732	54,335
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	53,806	57,942
Puerto Rico | Commercial | CRE owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,396,696	1,365,787
Puerto Rico | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,383,472	3,528,448
Puerto Rico | Commercial | Commercial and Industrial | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,218	3,438
Puerto Rico | Commercial | Commercial and Industrial | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	169	1,727
Puerto Rico | Commercial | Commercial and Industrial | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	48,167	45,242
Non-accrual loans	47,149	44,724
Accruing loans past-due 90 days or more	1,018	518
Puerto Rico | Commercial | Commercial and Industrial | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	49,554	50,407
Puerto Rico | Commercial | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,333,918	3,478,041
Puerto Rico | Leasing
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,426,122	1,381,319
Puerto Rico | Leasing | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	9,819	9,240
Puerto Rico | Leasing | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,446	2,037
Puerto Rico | Leasing | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,766	3,102
Non-accrual loans	3,766	3,102
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	16,031	14,379
Puerto Rico | Leasing | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,410,091	1,366,940
Puerto Rico | Consumer | Credit card
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	915,560	919,851
Puerto Rico | Consumer | Credit card | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,817	5,768
Puerto Rico | Consumer | Credit card | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,728	3,520
Puerto Rico | Consumer | Credit card | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	9,049	8,577
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	9,049	8,577
Puerto Rico | Consumer | Credit card | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	18,594	17,865
Puerto Rico | Consumer | Credit card | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	896,966	901,986
Puerto Rico | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,116	3,571
Puerto Rico | Consumer | Home equity lines of credit | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	46
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	23
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	23	23
Puerto Rico | Consumer | Home equity lines of credit | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	23	69
Puerto Rico | Consumer | Home equity lines of credit | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,093	3,502
Puerto Rico | Consumer | Personal loans
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,303,476	1,288,060
Puerto Rico | Consumer | Personal loans | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10,215	10,027
Puerto Rico | Consumer | Personal loans | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,184	6,072
Puerto Rico | Consumer | Personal loans | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	19,157	21,235
Non-accrual loans	19,157	21,235
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	35,556	37,334
Puerto Rico | Consumer | Personal loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,267,920	1,250,726
Puerto Rico | Consumer | Auto Loan
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,430,162	3,412,187
Puerto Rico | Consumer | Auto Loan | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	51,497	59,128
Puerto Rico | Consumer | Auto Loan | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	11,353	15,019
Puerto Rico | Consumer | Auto Loan | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	27,514	23,085
Non-accrual loans	27,514	23,085
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	90,364	97,232
Puerto Rico | Consumer | Auto Loan | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,339,798	3,314,955
Puerto Rico | Consumer | Other
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	125,080	124,548
Puerto Rico | Consumer | Other | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	537	432
Puerto Rico | Consumer | Other | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	37	714
Puerto Rico | Consumer | Other | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,184	12,621
Non-accrual loans	12,037	12,448
Accruing loans past-due 90 days or more	147	173
Puerto Rico | Consumer | Other | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,758	13,767
Puerto Rico | Consumer | Other | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	112,322	110,781
Popular U.S.
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,575,931	8,375,175
Popular U.S. | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	32,216	32,697
Popular U.S. | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,985	6,544
Popular U.S. | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	33,644	33,706
Non-accrual loans	33,105	33,588
Accruing loans past-due 90 days or more	539	118
Popular U.S. | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	68,845	72,947
Popular U.S. | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,507,086	8,302,228
Popular U.S. | Construction
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	617,458	629,109
Popular U.S. | Construction | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
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	0
Non-accrual loans	0	0
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	0
Popular U.S. | Construction | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	617,458	629,109
Popular U.S. | Mortgages
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,202,683	1,175,330
Popular U.S. | Mortgages | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	13,006	11,711
Popular U.S. | Mortgages | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,069	2,573
Popular U.S. | Mortgages | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	21,826	21,969
Non-accrual loans	21,826	21,969
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	35,901	36,253
Popular U.S. | Mortgages | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,166,782	1,139,077
Popular U.S. | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,865,623	1,807,861
Popular U.S. | Commercial | Commercial multi-family | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	3,826
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	0
Non-accrual loans	0	0
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	0	3,826
Popular U.S. | Commercial | Commercial multi-family | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,865,623	1,804,035
Popular U.S. | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,393,890	2,323,467
Popular U.S. | Commercial | CRE non-owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	902	5,721
Popular U.S. | Commercial | CRE non-owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	740	683
Popular U.S. | Commercial | CRE non-owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	374	622
Non-accrual loans	374	622
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	2,016	7,026
Popular U.S. | Commercial | CRE non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,391,874	2,316,441
Popular U.S. | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,405,642	394,373
Popular U.S. | Commercial | CRE owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,385	1,095
Popular U.S. | Commercial | CRE owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Commercial | CRE owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	677	1,013
Non-accrual loans	677	1,013
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	7,062	2,108
Popular U.S. | Commercial | CRE owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,398,580	392,265
Popular U.S. | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,805,336	1,810,131
Popular U.S. | Commercial | Commercial and Industrial | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	10,925	9,410
Popular U.S. | Commercial | Commercial and Industrial | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	602	2,680
Popular U.S. | Commercial | Commercial and Industrial | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,891	4,015
Non-accrual loans	4,352	3,897
Accruing loans past-due 90 days or more	539	118
Popular U.S. | Commercial | Commercial and Industrial | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	16,418	16,105
Popular U.S. | Commercial | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,788,918	1,794,026
Popular U.S. | Consumer | Credit card
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	26	10
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	0
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	0	0
Popular U.S. | Consumer | Credit card | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Popular U.S. | Consumer | Credit card | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	26	10
Popular U.S. | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	73,959	75,291
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	259	71
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	15	34
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	5,248	5,406
Non-accrual loans	5,248	5,406
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	5,522	5,511
Popular U.S. | Consumer | Home equity lines of credit | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	68,437	69,780
Popular U.S. | Consumer | Personal loans
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	205,305	154,945
Popular U.S. | Consumer | Personal loans | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	739	863
Popular U.S. | Consumer | Personal loans | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	558	574
Popular U.S. | Consumer | Personal loans | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	627	681
Non-accrual loans	627	681
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	1,924	2,118
Popular U.S. | Consumer | Personal loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	203,381	152,827
Popular U.S. | Consumer | Other
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,009	4,658
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	1	0
Popular U.S. | Consumer | Other | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1	0
Non-accrual loans	1	0
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	2	0
Popular U.S. | Consumer | Other | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	$ 6,007	$ 4,658

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
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable
Unearned Income	$ 268,166		$ 265,668
Loans held-for-sale, at lower of cost or fair value	55,150		59,168
Loans pledged as collateral	6,400,000		6,600,000
Loans-held-in portfolio served as collateral to secure credit facilities authorized with the FHLB	3,000,000		3,200,000
Notes Receivable Gross	29,588,190		29,240,557
FRB Advances
Accounts, Notes, Loans and Financing Receivable
Loans served as collateral to secure debt obligations	1,700,000		1,700,000
Public Funds
Accounts, Notes, Loans and Financing Receivable
Loans served as collateral to secure debt obligations	1,700,000		1,700,000
Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	28,216,876		27,749,464
Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,371,314		1,491,093
Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	440,554		480,767
Notes Receivable Gross	960,475		1,028,644
GNMA
Accounts, Notes, Loans and Financing Receivable
Repurchased loans	19,000	$ 44,000
Mortgages
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	82,000	$ 126,000
Notes Receivable Gross	7,326,346		7,427,196
Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,292,336		6,286,114
Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,034,010		1,141,082
Mortgages | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	429,778		471,358
Notes Receivable Gross	758,164		827,214
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		13,000
Reverse Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	45,000		50,000
Residential mortgage loans insured By FHA
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	266,000		304,000
Commercial | CRE non-owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	3,954,430		4,613,390
Commercial | CRE non-owner occupied | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	3,928,048		4,583,113
Commercial | CRE non-owner occupied | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	26,382		30,277
Commercial | CRE non-owner occupied | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	0		0
Notes Receivable Gross	21,001		21,338
Commercial | CRE owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	2,856,144		1,818,102
Commercial | CRE owner occupied | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	2,795,276		1,758,052
Commercial | CRE owner occupied | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	60,868		60,050
Commercial | CRE owner occupied | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	0		0
Notes Receivable Gross	50,409		55,348
Puerto Rico
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	21,012,259		20,865,382
Puerto Rico | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	19,709,790		19,447,236
Puerto Rico | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,302,469		1,418,146
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	440,015		480,649
Notes Receivable Gross	926,831		994,938
Puerto Rico | Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,123,663		6,251,866
Puerto Rico | Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	5,125,554		5,147,037
Puerto Rico | Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	998,109		1,104,829
Puerto Rico | Mortgages | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	429,778		471,358
Notes Receivable Gross	736,338		805,245
Puerto Rico | Reverse Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	45,000		50,000
Puerto Rico | Residential mortgage loans insured By FHA
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	266,000		304,000
Puerto Rico | Commercial | CRE non-owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	2,560,540		2,289,923
Puerto Rico | Commercial | CRE non-owner occupied | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	2,536,174		2,266,672
Puerto Rico | Commercial | CRE non-owner occupied | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	24,366		23,251
Puerto Rico | Commercial | CRE non-owner occupied | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	0		0
Notes Receivable Gross	20,627		20,716
Puerto Rico | Commercial | CRE owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,450,502		1,423,729
Puerto Rico | Commercial | CRE owner occupied | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,396,696		1,365,787
Puerto Rico | Commercial | CRE owner occupied | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	53,806		57,942
Puerto Rico | Commercial | CRE owner occupied | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	0		0
Notes Receivable Gross	49,732		54,335
Popular U.S.
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	8,575,931		8,375,175
Popular U.S. | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	8,507,086		8,302,228
Popular U.S. | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	68,845		72,947
Popular U.S. | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	539		118
Notes Receivable Gross	33,644		33,706
Popular U.S. | Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,202,683		1,175,330
Popular U.S. | Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,166,782		1,139,077
Popular U.S. | Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	35,901		36,253
Popular U.S. | Mortgages | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	0		0
Notes Receivable Gross	21,826		21,969
Popular U.S. | Commercial | CRE non-owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,393,890		2,323,467
Reclassification of loan receivables	(900,000)
Popular U.S. | Commercial | CRE non-owner occupied | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,391,874		2,316,441
Popular U.S. | Commercial | CRE non-owner occupied | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	2,016		7,026
Popular U.S. | Commercial | CRE non-owner occupied | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	0		0
Notes Receivable Gross	374		622
Popular U.S. | Commercial | CRE owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,405,642		394,373
Reclassification of loan receivables	900,000
Popular U.S. | Commercial | CRE owner occupied | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,398,580		392,265
Popular U.S. | Commercial | CRE owner occupied | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	7,062		2,108
Popular U.S. | Commercial | CRE owner occupied | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Financing Receivable Recorded Investment 90 Days Past Due And Still Accruing	0		0
Notes Receivable Gross	$ 677		$ 1,013

Loans - Amortized cost basis an

Loans - Amortized cost basis and interest income recognized on non-accrual loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing receivable nonaccrual status
Non-accrual with no allowance	$ 220,066	$ 236,858
Non-accrual with allowance	299,855	311,019
Construction
Financing receivable nonaccrual status
Non-accrual with no allowance		0
Non-accrual with allowance		485
Mortgages
Financing receivable nonaccrual status
Non-accrual with no allowance	159,025	169,856
Non-accrual with allowance	169,361	186,000
Commercial | Commercial multi-family
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	274	272
Commercial | CRE non-owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	15,477	15,819
Non-accrual with allowance	5,524	5,519
Commercial | CRE owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	9,720	13,491
Non-accrual with allowance	40,689	41,857
Commercial | Commercial and Industrial
Financing receivable nonaccrual status
Non-accrual with no allowance	27,536	30,177
Non-accrual with allowance	23,965	18,444
Leasing
Financing receivable nonaccrual status
Non-accrual with no allowance	228	276
Non-accrual with allowance	3,538	2,826
Consumer | Home equity lines of credit
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	5,248	5,406
Consumer | Personal loans
Financing receivable nonaccrual status
Non-accrual with no allowance	6,664	6,360
Non-accrual with allowance	13,120	15,556
Consumer | Auto Loan
Financing receivable nonaccrual status
Non-accrual with no allowance	1,153	879
Non-accrual with allowance	26,361	22,206
Consumer | Other
Financing receivable nonaccrual status
Non-accrual with no allowance	263	0
Non-accrual with allowance	11,775	12,448
Puerto Rico
Financing receivable nonaccrual status
Non-accrual with no allowance	219,992	236,748
Non-accrual with allowance	266,824	277,541
Puerto Rico | Construction
Financing receivable nonaccrual status
Non-accrual with no allowance		0
Non-accrual with allowance		485
Puerto Rico | Mortgages
Financing receivable nonaccrual status
Non-accrual with no allowance	159,025	169,827
Non-accrual with allowance	147,535	164,060
Puerto Rico | Commercial | Commercial multi-family
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	274	272
Puerto Rico | Commercial | CRE non-owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	15,477	15,819
Non-accrual with allowance	5,150	4,897
Puerto Rico | Commercial | CRE owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	9,720	13,491
Non-accrual with allowance	40,012	40,844
Puerto Rico | Commercial | Commercial and Industrial
Financing receivable nonaccrual status
Non-accrual with no allowance	27,536	30,177
Non-accrual with allowance	19,613	14,547
Puerto Rico | Leasing
Financing receivable nonaccrual status
Non-accrual with no allowance	228	276
Non-accrual with allowance	3,538	2,826
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	6,590	6,279
Non-accrual with allowance	12,567	14,956
Puerto Rico | Consumer | Auto Loan
Financing receivable nonaccrual status
Non-accrual with no allowance	1,153	879
Non-accrual with allowance	26,361	22,206
Puerto Rico | Consumer | Other
Financing receivable nonaccrual status
Non-accrual with no allowance	263	0
Non-accrual with allowance	11,774	12,448
Popular U.S.
Financing receivable nonaccrual status
Non-accrual with no allowance	74	110
Non-accrual with allowance	33,031	33,478
Popular U.S. | Construction
Financing receivable nonaccrual status
Non-accrual with no allowance		0
Non-accrual with allowance		0
Popular U.S. | Mortgages
Financing receivable nonaccrual status
Non-accrual with no allowance	0	29
Non-accrual with allowance	21,826	21,940
Popular U.S. | Commercial | Commercial multi-family
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	0	0
Popular U.S. | Commercial | CRE non-owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	374	622
Popular U.S. | Commercial | CRE owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	677	1,013
Popular U.S. | Commercial | Commercial and Industrial
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	4,352	3,897
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	5,248	5,406
Popular U.S. | Consumer | Personal loans
Financing receivable nonaccrual status
Non-accrual with no allowance	74	81
Non-accrual with allowance	553	600
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	$ 1	$ 0

Loans - Amortized cost basis of

Loans - Amortized cost basis of collateral dependent loans by class (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	$ 29,588,190	$ 29,240,557
Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	482,605	497,988
Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	431,836	449,183
Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	7,433	9,557
Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	674	680
Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,250	10,675
Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	32,412	27,893
Construction
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	744,783	716,220
Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	7,326,346	7,427,196
Mortgages | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	166,610	180,700
Mortgages | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	166,610	180,700
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 | 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
Other | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	263
Other | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Other | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Other | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Other | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Other | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	263
Commercial | Commercial multi-family
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	2,028,864	1,962,630
Commercial | Commercial multi-family | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,367	1,374
Commercial | Commercial multi-family | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,367	1,374
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 | 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	3,954,430	4,613,390
Commercial | CRE non-owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	215,343	211,026
Commercial | CRE non-owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	215,343	211,026
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 | 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	2,856,144	1,818,102
Commercial | CRE owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	40,200	47,268
Commercial | CRE owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	40,200	47,268
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 | 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	5,188,808	5,338,579
Commercial | Commercial and Industrial | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	44,798	41,898
Commercial | Commercial and Industrial | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,731	2,650
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	668	680
Commercial | Commercial and Industrial | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,250	10,675
Commercial | Commercial and Industrial | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	32,149	27,893
Consumer | Personal loans
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,508,781	1,443,005
Consumer | Personal loans | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,585	6,165
Consumer | Personal loans | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,585	6,165
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 | 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	3,430,162	3,412,187
Consumer | Auto Loan | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,781	8,983
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	6,781	8,983
Consumer | Auto Loan | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	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	131,089	129,206
Leasing
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,426,122	1,381,319
Leasing | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	658	574
Leasing | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Leasing | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	652	574
Leasing | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6	0
Leasing | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Leasing | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	21,012,259	20,865,382
Puerto Rico | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	481,874	497,062
Puerto Rico | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	431,105	448,257
Puerto Rico | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	7,433	9,557
Puerto Rico | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	674	680
Puerto Rico | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,250	10,675
Puerto Rico | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	32,412	27,893
Puerto Rico | Construction
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	127,325	87,111
Puerto Rico | Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,123,663	6,251,866
Puerto Rico | Mortgages | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	165,879	179,774
Puerto Rico | Mortgages | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	165,879	179,774
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 | 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 | Other | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	263
Puerto Rico | Other | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Puerto Rico | Other | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Puerto Rico | Other | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Puerto Rico | Other | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0
Puerto Rico | Other | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	263
Puerto Rico | Commercial | Commercial multi-family
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	163,241	154,769
Puerto Rico | Commercial | Commercial multi-family | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,367	1,374
Puerto Rico | Commercial | Commercial multi-family | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,367	1,374
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 | 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	2,560,540	2,289,923
Puerto Rico | Commercial | CRE non-owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	215,343	211,026
Puerto Rico | Commercial | CRE non-owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	215,343	211,026
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 | 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	1,450,502	1,423,729
Puerto Rico | Commercial | CRE owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	40,200	47,268
Puerto Rico | Commercial | CRE owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	40,200	47,268
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 | 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	3,383,472	3,528,448
Puerto Rico | Commercial | Commercial and Industrial | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	44,798	41,898
Puerto Rico | Commercial | Commercial and Industrial | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,731	2,650
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	668	680
Puerto Rico | Commercial | Commercial and Industrial | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,250	10,675
Puerto Rico | Commercial | Commercial and Industrial | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	32,149	27,893
Puerto Rico | Consumer | Personal loans
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,303,476	1,288,060
Puerto Rico | Consumer | Personal loans | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,585	6,165
Puerto Rico | Consumer | Personal loans | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,585	6,165
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 | 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	3,430,162	3,412,187
Puerto Rico | Consumer | Auto Loan | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,781	8,983
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	6,781	8,983
Puerto Rico | Consumer | Auto Loan | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	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	125,080	124,548
Puerto Rico | Leasing
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,426,122	1,381,319
Puerto Rico | Leasing | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	658	574
Puerto Rico | Leasing | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Leasing | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	652	574
Puerto Rico | Leasing | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6	0
Puerto Rico | Leasing | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Puerto Rico | Leasing | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	0	0
Popular U.S.
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	8,575,931	8,375,175
Popular U.S. | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	731	926
Popular U.S. | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	731	926
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. | 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	617,458	629,109
Popular U.S. | Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,202,683	1,175,330
Popular U.S. | Mortgages | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	731	926
Popular U.S. | Mortgages | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	731	926
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 | 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	1,865,623	1,807,861
Popular U.S. | Commercial | CRE non-owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,393,890	2,323,467
Popular U.S. | Commercial | CRE owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,405,642	394,373
Popular U.S. | Commercial | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,805,336	1,810,131
Popular U.S. | Consumer | Personal loans
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	205,305	154,945
Popular U.S. | Consumer | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	$ 6,009	$ 4,658

Loans - Purchased Credit Deteri

Loans - Purchased Credit Deteriorated Loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Purchased Financial Assets With Credit Deterioration [Abstract]
Purchase price of loans at acquisition	$ 2,002	$ 4,935
Allowance for credit losses at acquisition	612	1,356
Non-credit discount/(premium) at acquisition	99	121
Par value of acquired loans at acquisition	$ 2,713	$ 6,412

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable
Interest income recognized	$ 4,000		$ 4,000
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds	145,111	$ 191,077
Loans held in portfolio, net of unearned income	29,588,190		29,240,557
Non-accrual with no allowance	220,066		236,858
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	142,702	188,268
Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	482,605		497,988
Non-accrual with no allowance	220,000		237,000
Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	1,371,314		1,491,093
Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	440,554		480,767
Loans held in portfolio, net of unearned income	960,475		1,028,644
Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	28,216,876		27,749,464
GNMA
Accounts, Notes, Loans and Financing Receivable
Repurchased loans	19,000	44,000
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	77,894	101,988
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	57,690	86,280
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	7,118
Consumer loans
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	91,000
Residential Mortgage
Accounts, Notes, Loans and Financing Receivable
Mortgage Loans Sold	19,000	66,000
Purchased credit deterioration loan
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	3,000	6,000
Mortgages
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	82,000	126,000
Loans held in portfolio, net of unearned income	7,326,346		7,427,196
Non-accrual with no allowance	159,025		169,856
Mortgages | Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	166,610		180,700
Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	1,034,010		1,141,082
Mortgages | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	429,778		471,358
Loans held in portfolio, net of unearned income	758,164		827,214
Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	6,292,336		6,286,114
Mortgages | US Government Agency Insured Loans
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	1,900,000		1,900,000
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	400,000		500,000
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		13,000
Commercial Loans
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans		21,000
Loans Sold	1,000	$ 17,000
Reverse Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	45,000		50,000
Residential mortgage loans insured By FHA
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	266,000		304,000
Puerto Rico
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	21,012,259		20,865,382
Non-accrual with no allowance	219,992		236,748
Puerto Rico | Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	481,874		497,062
Puerto Rico | Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	1,302,469		1,418,146
Puerto Rico | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	440,015		480,649
Loans held in portfolio, net of unearned income	926,831		994,938
Puerto Rico | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	19,709,790		19,447,236
Puerto Rico | Mortgages
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	6,123,663		6,251,866
Non-accrual with no allowance	159,025		169,827
Puerto Rico | Mortgages | Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	165,879		179,774
Puerto Rico | Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	998,109		1,104,829
Puerto Rico | Mortgages | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	429,778		471,358
Loans held in portfolio, net of unearned income	736,338		805,245
Puerto Rico | Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	5,125,554		5,147,037
Puerto Rico | Reverse Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	45,000		50,000
Puerto Rico | Residential mortgage loans insured By FHA
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	$ 266,000		$ 304,000

Allowance for credit losses - A

Allowance for credit losses - Allowance Movement (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Financing Receivable, Allowance for Credit Losses
Beginning balance	$ 695,366	$ 896,250
Provision for credit losses (benefit)	(14,405)	(75,779)
Initial allowance for credit losses - PCD Loans	612	1,356
Charge-offs	(25,752)	(48,610)
Recoveries	21,971	27,580
Ending balance	677,792	800,797
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	7,897	15,851
Provision for credit losses (benefit)	(843)	(6,282)
Balance at end of period	7,054	9,569
Construction
Financing Receivable, Allowance for Credit Losses
Beginning balance	6,363	14,237
Provision for credit losses (benefit)	(1,368)	875
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	0	(6,619)
Recoveries	1,544	702
Ending balance	6,539	9,195
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	4,725	9,079
Provision for credit losses (benefit)	(666)	(4,931)
Balance at end of period	4,059	4,148
Mortgages
Financing Receivable, Allowance for Credit Losses
Beginning balance	154,478	215,716
Provision for credit losses (benefit)	(8,896)	(6,723)
Initial allowance for credit losses - PCD Loans	612	1,356
Charge-offs	(1,321)	(10,382)
Recoveries	4,333	2,159
Ending balance	149,206	202,126
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0
Provision for credit losses (benefit)	0	0
Balance at end of period	0	0
Commercial
Financing Receivable, Allowance for Credit Losses
Beginning balance	215,805	333,380
Provision for credit losses (benefit)	(16,019)	(58,579)
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(654)	(3,266)
Recoveries	5,511	4,684
Ending balance	204,643	276,219
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	3,135	6,666
Provision for credit losses (benefit)	(170)	(1,310)
Balance at end of period	2,965	5,356
Leasing
Financing Receivable, Allowance for Credit Losses
Beginning balance	17,578	16,863
Provision for credit losses (benefit)	386	(4,058)
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(407)	(1,058)
Recoveries	841	940
Ending balance	18,398	12,687
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0
Provision for credit losses (benefit)	0	0
Balance at end of period	0	0
Consumer
Financing Receivable, Allowance for Credit Losses
Beginning balance	301,142	316,054
Provision for credit losses (benefit)	11,492	(7,294)
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(23,370)	(27,285)
Recoveries	9,742	19,095
Ending balance	299,006	300,570
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	37	106
Provision for credit losses (benefit)	(7)	(41)
Balance at end of period	30	65
Puerto Rico
Financing Receivable, Allowance for Credit Losses
Beginning balance	594,162	739,750
Provision for credit losses (benefit)	(12,661)	(39,976)
Initial allowance for credit losses - PCD Loans	612	1,356
Charge-offs	(24,320)	(44,970)
Recoveries	18,818	25,496
Ending balance	576,611	681,656
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	4,139	9,523
Provision for credit losses (benefit)	(568)	(5,365)
Balance at end of period	3,571	4,158
Puerto Rico | Construction
Financing Receivable, Allowance for Credit Losses
Beginning balance	1,641	4,871
Provision for credit losses (benefit)	357	1,306
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	0	(6,619)
Recoveries	416	702
Ending balance	2,414	260
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	2,388	4,610
Provision for credit losses (benefit)	(464)	(4,365)
Balance at end of period	1,924	245
Puerto Rico | Mortgages
Financing Receivable, Allowance for Credit Losses
Beginning balance	138,286	195,557
Provision for credit losses (benefit)	(10,528)	(2,805)
Initial allowance for credit losses - PCD Loans	612	1,356
Charge-offs	(1,321)	(10,381)
Recoveries	4,313	2,078
Ending balance	131,362	185,805
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	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	151,928	225,323
Provision for credit losses (benefit)	(10,687)	(29,646)
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(527)	(2,883)
Recoveries	4,757	4,317
Ending balance	145,471	197,111
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	1,751	4,913
Provision for credit losses (benefit)	(104)	(1,000)
Balance at end of period	1,647	3,913
Puerto Rico | Leasing
Financing Receivable, Allowance for Credit Losses
Beginning balance	17,578	16,863
Provision for credit losses (benefit)	386	(4,058)
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(407)	(1,058)
Recoveries	841	940
Ending balance	18,398	12,687
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	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	284,729	297,136
Provision for credit losses (benefit)	7,811	(4,773)
Initial allowance for credit losses - PCD Loans	0	0
Charge-offs	(22,065)	(24,029)
Recoveries	8,491	17,459
Ending balance	278,966	285,793
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0
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	101,204	156,500
Provision for credit losses (benefit)	(1,744)	(35,803)
Charge-offs	(1,432)	(3,640)
Recoveries	3,153	2,084
Ending balance	101,181	119,141
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	3,758	6,328
Provision for credit losses (benefit)	(275)	(917)
Balance at end of period	3,483	5,411
Popular U.S. | Construction
Financing Receivable, Allowance for Credit Losses
Beginning balance	4,722	9,366
Provision for credit losses (benefit)	(1,725)	(431)
Charge-offs	0	0
Recoveries	1,128	0
Ending balance	4,125	8,935
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	2,337	4,469
Provision for credit losses (benefit)	(202)	(566)
Balance at end of period	2,135	3,903
Popular U.S. | Mortgages
Financing Receivable, Allowance for Credit Losses
Beginning balance	16,192	20,159
Provision for credit losses (benefit)	1,632	(3,918)
Charge-offs	0	(1)
Recoveries	20	81
Ending balance	17,844	16,321
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	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	63,877	108,057
Provision for credit losses (benefit)	(5,332)	(28,933)
Charge-offs	(127)	(383)
Recoveries	754	367
Ending balance	59,172	79,108
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	1,384	1,753
Provision for credit losses (benefit)	(66)	(310)
Balance at end of period	1,318	1,443
Popular U.S. | Consumer
Financing Receivable, Allowance for Credit Losses
Beginning balance	16,413	18,918
Provision for credit losses (benefit)	3,681	(2,521)
Charge-offs	(1,305)	(3,256)
Recoveries	1,251	1,636
Ending balance	20,040	14,777
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	37	106
Provision for credit losses (benefit)	(7)	(41)
Balance at end of period	$ 30	$ 65

Allowance for credit losses - T

Allowance for credit losses - Troubled debt restructuring according to their accruing status (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable
Troubled debt restructurings	$ 1,693,102	$ 1,656,822
Accruing
Financing Receivable
Troubled debt restructurings	1,515,522	1,468,966
Non-Accruing
Financing Receivable
Troubled debt restructurings	177,580	187,856
Mortgages
Financing Receivable
Troubled debt restructurings	1,252,911	1,255,713
Mortgages | Accruing
Financing Receivable
Troubled debt restructurings	1,151,887	1,143,204
Mortgages | Non-Accruing
Financing Receivable
Troubled debt restructurings	101,024	112,509
Commercial
Financing Receivable
Troubled debt restructurings	369,129	326,088
Commercial | Accruing
Financing Receivable
Troubled debt restructurings	302,795	261,344
Commercial | Non-Accruing
Financing Receivable
Troubled debt restructurings	66,334	64,744
Leasing
Financing Receivable
Troubled debt restructurings	216	372
Leasing | Accruing
Financing Receivable
Troubled debt restructurings	188	325
Leasing | Non-Accruing
Financing Receivable
Troubled debt restructurings	28	47
Consumer
Financing Receivable
Troubled debt restructurings	70,846	74,649
Consumer | Accruing
Financing Receivable
Troubled debt restructurings	60,652	64,093
Consumer | Non-Accruing
Financing Receivable
Troubled debt restructurings	10,194	10,556
TDR
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	96,937	102,790
TDR | Mortgages
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	60,308	61,888
TDR | Commercial
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	21,007	24,736
TDR | Leasing
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	30	42
TDR | Consumer
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	$ 15,592	$ 16,124

Allowance for credit losses -_3

Allowance for credit losses - Troubled debt restructuring according to their accruing status - Subnote (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable
Financing Receivable Modifications Recorded Investment	$ 1,693,102	$ 1,656,822
Accruing
Financing Receivable
Financing Receivable Modifications Recorded Investment	1,515,522	1,468,966
Mortgages
Financing Receivable
Financing Receivable Modifications Recorded Investment	1,252,911	1,255,713
Mortgages | Accruing
Financing Receivable
Financing Receivable Modifications Recorded Investment	1,151,887	1,143,204
Mortgages | Guaranteed by us sponsored entities | Accruing
Financing Receivable
Financing Receivable Modifications Recorded Investment	$ 721,000	$ 716,000

Allowance for credit losses -_4

Allowance for credit losses - Troubled debt restructurings loan count by type of modification (Details) - loans	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Financing Receivable
Loan count	420	587
Reduction in interest rate
Financing Receivable
Loan count	43	127
Extension of maturity date
Financing Receivable
Loan count	61	81
Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	288	365
Other
Financing Receivable
Loan count	28	14
Mortgages
Financing Receivable
Loan count	324	408
Mortgages | Reduction in interest rate
Financing Receivable
Loan count	1	8
Mortgages | Extension of maturity date
Financing Receivable
Loan count	34	40
Mortgages | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	288	360
Mortgages | Other
Financing Receivable
Loan count	1	0
Commercial | Commercial multi-family
Financing Receivable
Loan count		1
Commercial | Commercial multi-family | Reduction in interest rate
Financing Receivable
Loan count		0
Commercial | Commercial multi-family | Extension of maturity date
Financing Receivable
Loan count		1
Commercial | Commercial multi-family | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count		0
Commercial | Commercial multi-family | Other
Financing Receivable
Loan count		0
Commercial | CRE non-owner occupied
Financing Receivable
Loan count	1	9
Commercial | CRE non-owner occupied | Reduction in interest rate
Financing Receivable
Loan count	0	0
Commercial | CRE non-owner occupied | Extension of maturity date
Financing Receivable
Loan count	0	9
Commercial | CRE non-owner occupied | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	0
Commercial | CRE non-owner occupied | Other
Financing Receivable
Loan count	1	0
Commercial | CRE owner occupied
Financing Receivable
Loan count	2	22
Commercial | CRE owner occupied | Reduction in interest rate
Financing Receivable
Loan count	1	2
Commercial | CRE owner occupied | Extension of maturity date
Financing Receivable
Loan count	1	20
Commercial | CRE owner occupied | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	0
Commercial | CRE owner occupied | Other
Financing Receivable
Loan count	0	0
Commercial | Commercial and Industrial
Financing Receivable
Loan count	17	8
Commercial | Commercial and Industrial | Reduction in interest rate
Financing Receivable
Loan count	1	0
Commercial | Commercial and Industrial | Extension of maturity date
Financing Receivable
Loan count	5	8
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	11	0
Consumer | Credit card
Financing Receivable
Loan count	30	66
Consumer | Credit card | Reduction in interest rate
Financing Receivable
Loan count	15	52
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	0	0
Consumer | Credit card | Other
Financing Receivable
Loan count	15	14
Consumer | Home equity lines of credit
Financing Receivable
Loan count		1
Consumer | Home equity lines of credit | Reduction in interest rate
Financing Receivable
Loan count		0
Consumer | Home equity lines of credit | Extension of maturity date
Financing Receivable
Loan count		0
Consumer | Home equity lines of credit | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count		1
Consumer | Home equity lines of credit | Other
Financing Receivable
Loan count		0
Consumer | Personal loans
Financing Receivable
Loan count	45	64
Consumer | Personal loans | Reduction in interest rate
Financing Receivable
Loan count	25	61
Consumer | Personal loans | Extension of maturity date
Financing Receivable
Loan count	20	2
Consumer | Personal loans | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	1
Consumer | Personal loans | Other
Financing Receivable
Loan count	0	0
Consumer | Auto Loan
Financing Receivable
Loan count	1	3
Consumer | Auto Loan | Reduction in interest rate
Financing Receivable
Loan count	0	0
Consumer | Auto Loan | Extension of maturity date
Financing Receivable
Loan count	1	1
Consumer | Auto Loan | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	2
Consumer | Auto Loan | Other
Financing Receivable
Loan count	0	0
Consumer | Other
Financing Receivable
Loan count		4
Consumer | Other | Reduction in interest rate
Financing Receivable
Loan count		4
Consumer | Other | Extension of maturity date
Financing Receivable
Loan count		0
Consumer | Other | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count		0
Consumer | Other | Other
Financing Receivable
Loan count		0
Leasing
Financing Receivable
Loan count		1
Leasing | Reduction in interest rate
Financing Receivable
Loan count		0
Leasing | Extension of maturity date
Financing Receivable
Loan count		0
Leasing | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count		1
Leasing | Other
Financing Receivable
Loan count		0

Allowance for credit losses - Q

Allowance for credit losses - Quantitative information by loan class for loans modified as T D R (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)loans	Mar. 31, 2021USD ($)loans
Financing Receivable
Loan count | loans	420	587
Pre-Modification Recorded Investment	$ 89,356	$ 83,043
Post Modification Recorded Investment	89,903	84,921
Increase (decrease) in the allowance for loan losses as a result of modification	$ 3,190	$ 2,145
Mortgages
Financing Receivable
Loan count | loans	324	408
Pre-Modification Recorded Investment	$ 34,876	$ 47,654
Post Modification Recorded Investment	35,592	49,729
Increase (decrease) in the allowance for loan losses as a result of modification	$ 1,020	$ 1,046
Commercial | Commercial multi-family
Financing Receivable
Loan count | loans		1
Pre-Modification Recorded Investment		$ 87
Post Modification Recorded Investment		86
Increase (decrease) in the allowance for loan losses as a result of modification		$ 4
Commercial | CRE non-owner occupied
Financing Receivable
Loan count | loans	1	9
Pre-Modification Recorded Investment	$ 3,400	$ 3,295
Post Modification Recorded Investment	3,400	3,281
Increase (decrease) in the allowance for loan losses as a result of modification	$ 0	$ 141
Commercial | CRE owner occupied
Financing Receivable
Loan count | loans	2	22
Pre-Modification Recorded Investment	$ 729	$ 29,750
Post Modification Recorded Investment	727	29,484
Increase (decrease) in the allowance for loan losses as a result of modification	$ 0	$ 572
Commercial | Commercial and Industrial
Financing Receivable
Loan count | loans	17	8
Pre-Modification Recorded Investment	$ 49,346	$ 222
Post Modification Recorded Investment	49,155	218
Increase (decrease) in the allowance for loan losses as a result of modification	$ 2,030	$ 8
Consumer | Credit card
Financing Receivable
Loan count | loans	30	66
Pre-Modification Recorded Investment	$ 248	$ 824
Post Modification Recorded Investment	273	854
Increase (decrease) in the allowance for loan losses as a result of modification	$ 5	$ 27
Consumer | Home equity lines of credit
Financing Receivable
Loan count | loans		1
Pre-Modification Recorded Investment		$ 63
Post Modification Recorded Investment		116
Increase (decrease) in the allowance for loan losses as a result of modification		$ 28
Consumer | Personal loans
Financing Receivable
Loan count | loans	45	64
Pre-Modification Recorded Investment	$ 729	$ 1,062
Post Modification Recorded Investment	728	1,062
Increase (decrease) in the allowance for loan losses as a result of modification	$ 130	$ 304
Consumer | Auto Loan
Financing Receivable
Loan count | loans	1	3
Pre-Modification Recorded Investment	$ 28	$ 48
Post Modification Recorded Investment	28	53
Increase (decrease) in the allowance for loan losses as a result of modification	$ 5	$ 10
Consumer | Other
Financing Receivable
Loan count | loans		4
Pre-Modification Recorded Investment		$ 6
Post Modification Recorded Investment		6
Increase (decrease) in the allowance for loan losses as a result of modification		$ 1
Leasing
Financing Receivable
Loan count | loans		1
Pre-Modification Recorded Investment		$ 32
Post Modification Recorded Investment		32
Increase (decrease) in the allowance for loan losses as a result of modification		$ 4

Allowance for credit losses -_5

Allowance for credit losses - T D R that subsequently defaulted (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)loans	Mar. 31, 2021USD ($)loans
Financing Receivable
Loan count | loans	34	73
Recorded investment as of first default date | $	$ 2,125	$ 6,505
Mortgages
Financing Receivable
Loan count | loans	6	23
Recorded investment as of first default date | $	$ 1,870	$ 1,732
Commercial | CRE owner occupied
Financing Receivable
Loan count | loans		2
Recorded investment as of first default date | $		$ 3,754
Commercial | Commercial and Industrial
Financing Receivable
Loan count | loans		2
Recorded investment as of first default date | $		$ 224
Consumer | Credit card
Financing Receivable
Loan count | loans	16	40
Recorded investment as of first default date | $	$ 127	$ 535
Consumer | Personal loans
Financing Receivable
Loan count | loans	12	6
Recorded investment as of first default date | $	$ 128	$ 260

Allowance for credit losses - C

Allowance for credit losses - Credit quality indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment
2022 / 2021	$ 1,721,198	$ 6,846,687
2021 / 2020	6,452,011	4,151,913
2020 / 2019	3,913,429	3,156,760
2019 / 2018	2,962,598	2,335,830
2018 / 2017	2,206,660	1,379,915
Prior Years	9,900,163	8,994,389
Revolving Loans Amortized Cost Basis	2,377,082	2,314,896
Revolving Loans Converted to Term Loans Amortized Cost Basis	55,049	60,167
Total	29,588,190	29,240,557
Construction
Financing Receivable, Recorded Investment
2022 / 2021	15,977	152,183
2021 / 2020	166,892	191,967
2020 / 2019	218,220	190,285
2019 / 2018	165,165	57,829
2018 / 2017	51,040	80,936
Prior Years	97,501	20,760
Revolving Loans Amortized Cost Basis	29,988	22,260
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	744,783	716,220
Construction | Watch
Financing Receivable, Recorded Investment
2022 / 2021	6,644	0
2021 / 2020	3,959	14,300
2020 / 2019	14,222	23,547
2019 / 2018	26,775	28,757
2018 / 2017	29,549	34,205
Prior Years	35,090	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	116,239	100,809
Construction | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	1,797	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	13,655	13,622
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	15,452	13,622
Construction | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	485
2019 / 2018	0	15,438
2018 / 2017	15,841	10,231
Prior Years	10,184	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	26,025	26,154
Construction | Pass
Financing Receivable, Recorded Investment
2022 / 2021	7,536	152,183
2021 / 2020	162,933	177,667
2020 / 2019	203,998	166,253
2019 / 2018	138,390	13,634
2018 / 2017	5,650	36,500
Prior Years	38,572	7,138
Revolving Loans Amortized Cost Basis	29,988	22,260
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	587,067	575,635
Mortgages
Financing Receivable, Recorded Investment
2022 / 2021	123,212	790,383
2021 / 2020	793,596	576,284
2020 / 2019	563,876	447,641
2019 / 2018	432,842	333,805
2018 / 2017	322,090	205,885
Prior Years	5,090,730	5,073,198
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	7,326,346	7,427,196
Mortgages | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	119	0
2021 / 2020	1,703	5,292
2020 / 2019	5,562	9,106
2019 / 2018	8,890	6,580
2018 / 2017	6,456	4,527
Prior Years	127,575	135,370
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	150,305	160,875
Mortgages | Pass
Financing Receivable, Recorded Investment
2022 / 2021	123,093	790,383
2021 / 2020	791,893	570,992
2020 / 2019	558,314	438,535
2019 / 2018	423,952	327,225
2018 / 2017	315,634	201,358
Prior Years	4,963,155	4,937,828
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	7,176,041	7,266,321
Commercial | Commercial multi-family
Financing Receivable, Recorded Investment
2022 / 2021	89,525	456,149
2021 / 2020	455,786	308,193
2020 / 2019	305,370	369,511
2019 / 2018	360,324	233,519
2018 / 2017	231,277	97,289
Prior Years	583,708	493,653
Revolving Loans Amortized Cost Basis	2,874	4,316
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,028,864	1,962,630
Commercial | Commercial multi-family | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	8,600
2021 / 2020	8,569	41,348
2020 / 2019	43,642	56,229
2019 / 2018	40,570	20,682
2018 / 2017	20,576	37,343
Prior Years	128,335	53,238
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	241,692	217,440
Commercial | Commercial multi-family | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	3,752
2020 / 2019	1,217	9,013
2019 / 2018	8,973	30,244
2018 / 2017	29,613	11,071
Prior Years	38,132	31,322
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	77,935	85,402
Commercial | Commercial multi-family | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	68,131
2019 / 2018	68,004	12,748
2018 / 2017	12,685	0
Prior Years	22,616	24,901
Revolving Loans Amortized Cost Basis	100	100
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	103,405	105,880
Commercial | Commercial multi-family | Pass
Financing Receivable, Recorded Investment
2022 / 2021	89,525	447,549
2021 / 2020	447,217	263,093
2020 / 2019	260,511	236,138
2019 / 2018	242,777	169,845
2018 / 2017	168,403	48,875
Prior Years	394,625	384,192
Revolving Loans Amortized Cost Basis	2,774	4,216
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,605,832	1,553,908
Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	310,956	1,221,538
2021 / 2020	869,593	736,803
2020 / 2019	696,047	353,869
2019 / 2018	275,803	490,076
2018 / 2017	352,805	353,383
Prior Years	1,431,551	1,435,606
Revolving Loans Amortized Cost Basis	17,675	22,115
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,954,430	4,613,390
Commercial | CRE non-owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	29,903	113,181
2021 / 2020	130,135	250,961
2020 / 2019	243,266	67,510
2019 / 2018	56,611	193,620
2018 / 2017	180,653	31,010
Prior Years	288,211	359,593
Revolving Loans Amortized Cost Basis	3,184	4,017
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	931,963	1,019,892
Commercial | CRE non-owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	21,448
2021 / 2020	26,258	12,563
2020 / 2019	12,015	10,476
2019 / 2018	10,810	7,025
2018 / 2017	1,808	15,181
Prior Years	55,221	39,625
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	106,112	106,318
Commercial | CRE non-owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	3,393	30,155
2021 / 2020	7,214	28,546
2020 / 2019	28,308	30,605
2019 / 2018	19,856	40,000
2018 / 2017	38,816	14,154
Prior Years	108,041	132,730
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	205,628	276,190
Commercial | CRE non-owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	277,660	1,056,754
2021 / 2020	705,986	444,733
2020 / 2019	412,458	245,278
2019 / 2018	188,526	249,431
2018 / 2017	131,528	293,038
Prior Years	980,078	903,658
Revolving Loans Amortized Cost Basis	14,491	18,098
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,710,727	3,210,990
Commercial | CRE owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	155,305	389,357
2021 / 2020	720,901	255,915
2020 / 2019	308,002	106,487
2019 / 2018	173,880	101,899
2018 / 2017	261,855	67,930
Prior Years	1,207,673	871,975
Revolving Loans Amortized Cost Basis	28,528	24,539
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,856,144	1,818,102
Commercial | CRE owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	675	8,393
2021 / 2020	7,705	8,851
2020 / 2019	12,295	16,797
2019 / 2018	15,662	15,108
2018 / 2017	19,698	4,715
Prior Years	168,558	138,848
Revolving Loans Amortized Cost Basis	4,222	4,222
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	228,815	196,934
Commercial | CRE owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	118	5,573
2021 / 2020	5,550	857
2020 / 2019	949	7,598
2019 / 2018	7,150	1,427
2018 / 2017	6,586	2,449
Prior Years	123,036	105,272
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	143,389	123,176
Commercial | CRE owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	6,960
2021 / 2020	4,999	1,028
2020 / 2019	1,021	2,794
2019 / 2018	8,515	38,407
2018 / 2017	37,297	1,869
Prior Years	152,349	134,129
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	204,181	185,187
Commercial | CRE owner occupied | Doubtful
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	76
Prior Years	641	612
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	641	688
Commercial | CRE owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	154,512	368,431
2021 / 2020	702,647	245,179
2020 / 2019	293,737	79,298
2019 / 2018	142,553	46,957
2018 / 2017	198,274	58,821
Prior Years	763,089	493,114
Revolving Loans Amortized Cost Basis	24,306	20,317
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,279,118	1,312,117
Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment
2022 / 2021	255,835	1,320,064
2021 / 2020	1,153,005	710,527
2020 / 2019	556,914	536,114
2019 / 2018	525,804	453,570
2018 / 2017	398,594	270,369
Prior Years	1,033,830	841,485
Revolving Loans Amortized Cost Basis	1,264,826	1,206,450
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	5,188,808	5,338,579
Commercial | Commercial and Industrial | Watch
Financing Receivable, Recorded Investment
2022 / 2021	9,299	190,276
2021 / 2020	96,360	17,209
2020 / 2019	14,788	25,828
2019 / 2018	26,367	113,108
2018 / 2017	110,861	14,582
Prior Years	81,958	92,306
Revolving Loans Amortized Cost Basis	116,129	112,108
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	455,762	565,417
Commercial | Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	825	9,884
2021 / 2020	10,201	17,139
2020 / 2019	11,761	15,526
2019 / 2018	13,208	28,954
2018 / 2017	27,611	1,071
Prior Years	51,947	28,663
Revolving Loans Amortized Cost Basis	61,786	68,574
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	177,339	169,811
Commercial | Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	149	2,727
2021 / 2020	2,323	1,188
2020 / 2019	6,193	7,600
2019 / 2018	7,631	36,321
2018 / 2017	24,745	66,939
Prior Years	91,057	47,058
Revolving Loans Amortized Cost Basis	41,409	38,162
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	173,507	199,995
Commercial | Commercial and Industrial | Doubtful
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	96	62
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	96	62
Commercial | Commercial and Industrial | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	262
2021 / 2020	433	58
2020 / 2019	120	108
2019 / 2018	29	17
2018 / 2017	14	51
Prior Years	218	191
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	814	687
Commercial | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment
2022 / 2021	245,562	1,116,915
2021 / 2020	1,043,688	674,933
2020 / 2019	524,052	487,052
2019 / 2018	478,569	275,170
2018 / 2017	235,363	187,726
Prior Years	808,554	673,205
Revolving Loans Amortized Cost Basis	1,045,502	987,606
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	4,381,290	4,402,607
Leasing
Financing Receivable, Recorded Investment
2022 / 2021	207,900	613,576
2021 / 2020	526,997	328,703
2020 / 2019	308,050	223,650
2019 / 2018	203,241	133,726
2018 / 2017	119,790	63,510
Prior Years	60,144	18,154
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,426,122	1,381,319
Leasing | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	124
2021 / 2020	678	618
2020 / 2019	652	880
2019 / 2018	1,051	613
2018 / 2017	705	613
Prior Years	631	235
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,717	3,083
Leasing | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	1
2018 / 2017	0	16
Prior Years	49	2
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	49	19
Leasing | Pass
Financing Receivable, Recorded Investment
2022 / 2021	207,900	613,452
2021 / 2020	526,319	328,085
2020 / 2019	307,398	222,770
2019 / 2018	202,190	133,112
2018 / 2017	119,085	62,881
Prior Years	59,464	17,917
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,422,356	1,378,217
Consumer | Credit card
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	915,586	919,861
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	915,586	919,861
Consumer | Credit card | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	9,049	8,577
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	9,049	8,577
Consumer | Credit card | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	906,537	911,284
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	906,537	911,284
Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	13,601	14,636
Revolving Loans Amortized Cost Basis	43,793	41,838
Revolving Loans Converted to Term Loans Amortized Cost Basis	19,681	22,388
Total	77,075	78,862
Consumer | Home equity lines of credit | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	2,928	3,006
Revolving Loans Amortized Cost Basis	23	23
Revolving Loans Converted to Term Loans Amortized Cost Basis	814	935
Total	3,765	3,964
Consumer | Home equity lines of credit | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	161	207
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,345	1,258
Total	1,506	1,465
Consumer | Home equity lines of credit | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	10,512	11,423
Revolving Loans Amortized Cost Basis	43,770	41,815
Revolving Loans Converted to Term Loans Amortized Cost Basis	17,522	20,195
Total	71,804	73,433
Consumer | Personal loans
Financing Receivable, Recorded Investment
2022 / 2021	244,516	615,670
2021 / 2020	562,131	217,756
2020 / 2019	182,358	273,036
2019 / 2018	226,581	99,698
2018 / 2017	84,765	57,385
Prior Years	173,062	141,555
Revolving Loans Amortized Cost Basis	0	126
Revolving Loans Converted to Term Loans Amortized Cost Basis	35,368	37,779
Total	1,508,781	1,443,005
Consumer | Personal loans | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	630	498
2021 / 2020	1,140	691
2020 / 2019	714	2,355
2019 / 2018	2,112	939
2018 / 2017	867	953
Prior Years	13,572	15,843
Revolving Loans Amortized Cost Basis	0	2
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,321	1,385
Total	20,356	22,666
Consumer | Personal loans | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	30
2021 / 2020	5	2
2020 / 2019	62	7
2019 / 2018	3	0
2018 / 2017	3	0
Prior Years	57	22
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	130	61
Consumer | Personal loans | Pass
Financing Receivable, Recorded Investment
2022 / 2021	243,886	615,142
2021 / 2020	560,986	217,063
2020 / 2019	181,582	270,674
2019 / 2018	224,466	98,759
2018 / 2017	83,895	56,432
Prior Years	159,433	125,690
Revolving Loans Amortized Cost Basis	0	124
Revolving Loans Converted to Term Loans Amortized Cost Basis	34,047	36,394
Total	1,488,295	1,420,278
Consumer | Auto Loan
Financing Receivable, Recorded Investment
2022 / 2021	311,670	1,262,922
2021 / 2020	1,180,177	815,870
2020 / 2019	765,574	646,798
2019 / 2018	590,415	425,032
2018 / 2017	378,322	179,314
Prior Years	204,004	82,251
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,430,162	3,412,187
Consumer | Auto Loan | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	3,080
2021 / 2020	5,973	7,520
2020 / 2019	8,556	9,498
2019 / 2018	9,371	4,739
2018 / 2017	4,900	2,210
Prior Years	3,373	1,422
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	32,173	28,469
Consumer | Auto Loan | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	42
2021 / 2020	32	11
2020 / 2019	33	0
2019 / 2018	58	0
2018 / 2017	16	0
Prior Years	14	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	153	53
Consumer | Auto Loan | Pass
Financing Receivable, Recorded Investment
2022 / 2021	311,670	1,259,800
2021 / 2020	1,174,172	808,339
2020 / 2019	756,985	637,300
2019 / 2018	580,986	420,293
2018 / 2017	373,406	177,104
Prior Years	200,617	80,829
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,397,836	3,383,665
Consumer | Other
Financing Receivable, Recorded Investment
2022 / 2021	6,302	24,845
2021 / 2020	22,933	9,895
2020 / 2019	9,018	9,369
2019 / 2018	8,543	6,676
2018 / 2017	6,122	3,914
Prior Years	4,359	1,116
Revolving Loans Amortized Cost Basis	73,812	73,391
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	131,089	129,206
Consumer | Other | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	114
2020 / 2019	110	21
2019 / 2018	20	487
2018 / 2017	537	0
Prior Years	7	135
Revolving Loans Amortized Cost Basis	11,122	11,250
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	11,796	12,007
Consumer | Other | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	579
2018 / 2017	389	0
Prior Years	0	34
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	389	613
Consumer | Other | Pass
Financing Receivable, Recorded Investment
2022 / 2021	6,302	24,845
2021 / 2020	22,933	9,781
2020 / 2019	8,908	9,348
2019 / 2018	8,523	5,610
2018 / 2017	5,196	3,914
Prior Years	4,352	947
Revolving Loans Amortized Cost Basis	62,690	62,141
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	118,904	116,586
Puerto Rico
Financing Receivable, Recorded Investment
2022 / 2021	1,254,244	4,913,112
2021 / 2020	4,558,038	2,647,120
2020 / 2019	2,463,351	1,898,600
2019 / 2018	1,776,886	1,473,547
2018 / 2017	1,374,896	749,926
Prior Years	7,537,793	7,191,955
Revolving Loans Amortized Cost Basis	2,011,683	1,953,343
Revolving Loans Converted to Term Loans Amortized Cost Basis	35,368	37,779
Total	21,012,259	20,865,382
Puerto Rico | Construction
Financing Receivable, Recorded Investment
2022 / 2021	8,625	21,596
2021 / 2020	28,486	41,622
2020 / 2019	58,323	1,633
2019 / 2018	1,903	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	29,988	22,260
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	127,325	87,111
Puerto Rico | Construction | Watch
Financing Receivable, Recorded Investment
2022 / 2021	6,644
2021 / 2020	0
2020 / 2019	0
2019 / 2018	0
2018 / 2017	0
Prior Years	0
Revolving Loans Amortized Cost Basis	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Total	6,644
Puerto Rico | Construction | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	1,797
2021 / 2020	0
2020 / 2019	0
2019 / 2018	0
2018 / 2017	0
Prior Years	0
Revolving Loans Amortized Cost Basis	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Total	1,797
Puerto Rico | Construction | Substandard
Financing Receivable, Recorded Investment
2022 / 2021		0
2021 / 2020		0
2020 / 2019		485
2019 / 2018		0
2018 / 2017		0
Prior Years		0
Revolving Loans Amortized Cost Basis		0
Revolving Loans Converted to Term Loans Amortized Cost Basis		0
Total		485
Puerto Rico | Construction | Pass
Financing Receivable, Recorded Investment
2022 / 2021	184	21,596
2021 / 2020	28,486	41,622
2020 / 2019	58,323	1,148
2019 / 2018	1,903	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	29,988	22,260
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	118,884	86,626
Puerto Rico | Mortgages
Financing Receivable, Recorded Investment
2022 / 2021	59,514	463,742
2021 / 2020	473,387	305,734
2020 / 2019	301,013	228,676
2019 / 2018	222,341	270,852
2018 / 2017	260,373	199,292
Prior Years	4,807,035	4,783,570
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	6,123,663	6,251,866
Puerto Rico | Mortgages | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	119	0
2021 / 2020	108	954
2020 / 2019	1,224	5,212
2019 / 2018	4,780	5,613
2018 / 2017	5,402	4,310
Prior Years	116,846	122,690
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	128,479	138,779
Puerto Rico | Mortgages | Pass
Financing Receivable, Recorded Investment
2022 / 2021	59,395	463,742
2021 / 2020	473,279	304,780
2020 / 2019	299,789	223,464
2019 / 2018	217,561	265,239
2018 / 2017	254,971	194,982
Prior Years	4,690,189	4,660,880
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	5,995,184	6,113,087
Puerto Rico | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment
2022 / 2021	12,788	24,936
2021 / 2020	24,608	21,288
2020 / 2019	21,061	35,822
2019 / 2018	35,396	25,311
2018 / 2017	25,152	2,066
Prior Years	43,923	45,235
Revolving Loans Amortized Cost Basis	313	111
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	163,241	154,769
Puerto Rico | Commercial | Commercial multi-family | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	4,418	4,485
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	4,418	4,485
Puerto Rico | Commercial | Commercial multi-family | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	2,952	3,025
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,952	3,025
Puerto Rico | Commercial | Commercial multi-family | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	982
2019 / 2018	986	0
2018 / 2017	0	0
Prior Years	6,102	6,257
Revolving Loans Amortized Cost Basis	100	100
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	7,188	7,339
Puerto Rico | Commercial | Commercial multi-family | Pass
Financing Receivable, Recorded Investment
2022 / 2021	12,788	24,936
2021 / 2020	24,608	21,288
2020 / 2019	21,061	34,840
2019 / 2018	34,410	25,311
2018 / 2017	25,152	2,066
Prior Years	30,451	31,468
Revolving Loans Amortized Cost Basis	213	11
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	148,683	139,920
Puerto Rico | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	214,444	662,216
2021 / 2020	647,535	357,867
2020 / 2019	463,514	145,267
2019 / 2018	144,557	200,499
2018 / 2017	208,083	52,306
Prior Years	870,965	858,819
Revolving Loans Amortized Cost Basis	11,442	12,949
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,560,540	2,289,923
Puerto Rico | Commercial | CRE non-owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	29,903	100,465
2021 / 2020	117,431	228,852
2020 / 2019	226,357	25,443
2019 / 2018	29,725	137,044
2018 / 2017	134,641	2,406
Prior Years	167,332	205,304
Revolving Loans Amortized Cost Basis	3,087	3,237
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	708,476	702,751
Puerto Rico | Commercial | CRE non-owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	18,509
2021 / 2020	26,258	12,563
2020 / 2019	12,015	7,271
2019 / 2018	7,627	0
2018 / 2017	0	4,608
Prior Years	29,273	24,056
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	75,173	67,007
Puerto Rico | Commercial | CRE non-owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	3,393	30,155
2021 / 2020	4,294	27,790
2020 / 2019	27,555	24,200
2019 / 2018	19,856	25,456
2018 / 2017	37,249	2,770
Prior Years	72,503	72,407
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	164,850	182,778
Puerto Rico | Commercial | CRE non-owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	181,148	513,087
2021 / 2020	499,552	88,662
2020 / 2019	197,587	88,353
2019 / 2018	87,349	37,999
2018 / 2017	36,193	42,522
Prior Years	601,857	557,052
Revolving Loans Amortized Cost Basis	8,355	9,712
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,612,041	1,337,387
Puerto Rico | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	30,458	259,459
2021 / 2020	292,097	208,939
2020 / 2019	160,349	63,159
2019 / 2018	64,320	67,026
2018 / 2017	96,893	40,018
Prior Years	786,561	768,739
Revolving Loans Amortized Cost Basis	19,824	16,389
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,450,502	1,423,729
Puerto Rico | Commercial | CRE owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	675	8,393
2021 / 2020	7,705	8,612
2020 / 2019	6,952	8,972
2019 / 2018	7,887	6,958
2018 / 2017	7,044	3,039
Prior Years	108,001	121,716
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	138,264	157,690
Puerto Rico | Commercial | CRE owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	118	5,573
2021 / 2020	5,550	857
2020 / 2019	949	7,598
2019 / 2018	7,150	1,427
2018 / 2017	1,412	2,449
Prior Years	107,134	103,472
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	122,313	121,376
Puerto Rico | Commercial | CRE owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	6,960
2021 / 2020	4,999	1,028
2020 / 2019	1,021	1,646
2019 / 2018	988	35,529
2018 / 2017	34,997	1,869
Prior Years	108,747	113,288
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	150,752	160,320
Puerto Rico | Commercial | CRE owner occupied | Doubtful
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	76
Prior Years	641	612
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	641	688
Puerto Rico | Commercial | CRE owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	29,665	238,533
2021 / 2020	273,843	198,442
2020 / 2019	151,427	44,943
2019 / 2018	48,295	23,112
2018 / 2017	53,440	32,585
Prior Years	462,038	429,651
Revolving Loans Amortized Cost Basis	19,824	16,389
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,038,532	983,655
Puerto Rico | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment
2022 / 2021	233,270	1,039,760
2021 / 2020	869,563	358,938
2020 / 2019	209,642	314,790
2019 / 2018	311,602	252,218
2018 / 2017	201,166	154,940
Prior Years	594,592	498,323
Revolving Loans Amortized Cost Basis	963,637	909,479
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,383,472	3,528,448
Puerto Rico | Commercial | Commercial and Industrial | Watch
Financing Receivable, Recorded Investment
2022 / 2021	8,608	186,529
2021 / 2020	93,150	12,542
2020 / 2019	11,684	21,536
2019 / 2018	23,180	103,835
2018 / 2017	101,967	14,577
Prior Years	80,917	90,776
Revolving Loans Amortized Cost Basis	99,008	108,183
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	418,514	537,978
Puerto Rico | Commercial | Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	7,380
2021 / 2020	7,878	9,936
2020 / 2019	4,865	14,856
2019 / 2018	12,573	28,473
2018 / 2017	27,081	1,012
Prior Years	51,740	28,448
Revolving Loans Amortized Cost Basis	52,803	60,397
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	156,940	150,502
Puerto Rico | Commercial | Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	35	2,190
2021 / 2020	2,189	1,091
2020 / 2019	5,933	3,041
2019 / 2018	2,983	35,826
2018 / 2017	23,533	66,771
Prior Years	89,083	45,168
Revolving Loans Amortized Cost Basis	41,040	38,003
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	164,796	192,090
Puerto Rico | Commercial | Commercial and Industrial | Doubtful
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	96	62
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	96	62
Puerto Rico | Commercial | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment
2022 / 2021	224,627	843,661
2021 / 2020	766,346	335,369
2020 / 2019	187,160	275,357
2019 / 2018	272,866	84,084
2018 / 2017	48,585	72,580
Prior Years	372,756	333,869
Revolving Loans Amortized Cost Basis	770,786	702,896
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,643,126	2,647,816
Puerto Rico | Leasing
Financing Receivable, Recorded Investment
2022 / 2021	207,900	613,576
2021 / 2020	526,997	328,703
2020 / 2019	308,050	223,650
2019 / 2018	203,241	133,726
2018 / 2017	119,790	63,510
Prior Years	60,144	18,154
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,426,122	1,381,319
Puerto Rico | Leasing | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	124
2021 / 2020	678	618
2020 / 2019	652	880
2019 / 2018	1,051	613
2018 / 2017	705	613
Prior Years	631	235
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,717	3,083
Puerto Rico | Leasing | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	1
2018 / 2017	0	16
Prior Years	49	2
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	49	19
Puerto Rico | Leasing | Pass
Financing Receivable, Recorded Investment
2022 / 2021	207,900	613,452
2021 / 2020	526,319	328,085
2020 / 2019	307,398	222,770
2019 / 2018	202,190	133,112
2018 / 2017	119,085	62,881
Prior Years	59,464	17,917
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,422,356	1,378,217
Puerto Rico | Consumer | Credit card
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	915,560	919,851
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	915,560	919,851
Puerto Rico | Consumer | Credit card | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	9,049	8,577
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	9,049	8,577
Puerto Rico | Consumer | Credit card | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	906,511	911,274
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	906,511	911,274
Puerto Rico | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	3,116	3,571
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,116	3,571
Puerto Rico | Consumer | Home equity lines of credit | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	23	23
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	23	23
Puerto Rico | Consumer | Home equity lines of credit | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	3,093	3,548
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,093	3,548
Puerto Rico | Consumer | Personal loans
Financing Receivable, Recorded Investment
2022 / 2021	169,273	540,060
2021 / 2020	492,255	198,264
2020 / 2019	166,807	229,436
2019 / 2018	194,568	92,207
2018 / 2017	78,995	54,566
Prior Years	166,210	135,748
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	35,368	37,779
Total	1,303,476	1,288,060
Puerto Rico | Consumer | Personal loans | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	630	426
2021 / 2020	1,078	610
2020 / 2019	641	2,105
2019 / 2018	1,956	866
2018 / 2017	785	936
Prior Years	13,421	15,680
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,321	1,385
Total	19,832	22,008
Puerto Rico | Consumer | Personal loans | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	30
2021 / 2020	0	2
2020 / 2019	0	3
2019 / 2018	1	0
2018 / 2017	3	0
Prior Years	23	3
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	27	38
Puerto Rico | Consumer | Personal loans | Pass
Financing Receivable, Recorded Investment
2022 / 2021	168,643	539,604
2021 / 2020	491,177	197,652
2020 / 2019	166,166	227,328
2019 / 2018	192,611	91,341
2018 / 2017	78,207	53,630
Prior Years	152,766	120,065
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	34,047	36,394
Total	1,283,617	1,266,014
Puerto Rico | Consumer | Auto Loan
Financing Receivable, Recorded Investment
2022 / 2021	311,670	1,262,922
2021 / 2020	1,180,177	815,870
2020 / 2019	765,574	646,798
2019 / 2018	590,415	425,032
2018 / 2017	378,322	179,314
Prior Years	204,004	82,251
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,430,162	3,412,187
Puerto Rico | Consumer | Auto Loan | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	3,080
2021 / 2020	5,973	7,520
2020 / 2019	8,556	9,498
2019 / 2018	9,371	4,739
2018 / 2017	4,900	2,210
Prior Years	3,373	1,422
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	32,173	28,469
Puerto Rico | Consumer | Auto Loan | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	42
2021 / 2020	32	11
2020 / 2019	33	0
2019 / 2018	58	0
2018 / 2017	16	0
Prior Years	14	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	153	53
Puerto Rico | Consumer | Auto Loan | Pass
Financing Receivable, Recorded Investment
2022 / 2021	311,670	1,259,800
2021 / 2020	1,174,172	808,339
2020 / 2019	756,985	637,300
2019 / 2018	580,986	420,293
2018 / 2017	373,406	177,104
Prior Years	200,617	80,829
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,397,836	3,383,665
Puerto Rico | Consumer | Other
Financing Receivable, Recorded Investment
2022 / 2021	6,302	24,845
2021 / 2020	22,933	9,895
2020 / 2019	9,018	9,369
2019 / 2018	8,543	6,676
2018 / 2017	6,122	3,914
Prior Years	4,359	1,116
Revolving Loans Amortized Cost Basis	67,803	68,733
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	125,080	124,548
Puerto Rico | Consumer | Other | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	114
2020 / 2019	110	21
2019 / 2018	20	487
2018 / 2017	537	0
Prior Years	7	135
Revolving Loans Amortized Cost Basis	11,121	11,250
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	11,795	12,007
Puerto Rico | Consumer | Other | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	579
2018 / 2017	389	0
Prior Years	0	34
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	389	613
Puerto Rico | Consumer | Other | Pass
Financing Receivable, Recorded Investment
2022 / 2021	6,302	24,845
2021 / 2020	22,933	9,781
2020 / 2019	8,908	9,348
2019 / 2018	8,523	5,610
2018 / 2017	5,196	3,914
Prior Years	4,352	947
Revolving Loans Amortized Cost Basis	56,682	57,483
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	112,896	111,928
Popular U.S.
Financing Receivable, Recorded Investment
2022 / 2021	466,954	1,933,575
2021 / 2020	1,893,973	1,504,793
2020 / 2019	1,450,078	1,258,160
2019 / 2018	1,185,712	862,283
2018 / 2017	831,764	629,989
Prior Years	2,362,370	1,802,434
Revolving Loans Amortized Cost Basis	365,399	361,553
Revolving Loans Converted to Term Loans Amortized Cost Basis	19,681	22,388
Total	8,575,931	8,375,175
Popular U.S. | Construction
Financing Receivable, Recorded Investment
2022 / 2021	7,352	130,587
2021 / 2020	138,406	150,345
2020 / 2019	159,897	188,652
2019 / 2018	163,262	57,829
2018 / 2017	51,040	80,936
Prior Years	97,501	20,760
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	617,458	629,109
Popular U.S. | Construction | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	3,959	14,300
2020 / 2019	14,222	23,547
2019 / 2018	26,775	28,757
2018 / 2017	29,549	34,205
Prior Years	35,090	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	109,595	100,809
Popular U.S. | Construction | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	13,655	13,622
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	13,655	13,622
Popular U.S. | Construction | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	15,438
2018 / 2017	15,841	10,231
Prior Years	10,184	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	26,025	25,669
Popular U.S. | Construction | Pass
Financing Receivable, Recorded Investment
2022 / 2021	7,352	130,587
2021 / 2020	134,447	136,045
2020 / 2019	145,675	165,105
2019 / 2018	136,487	13,634
2018 / 2017	5,650	36,500
Prior Years	38,572	7,138
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	468,183	489,009
Popular U.S. | Mortgages
Financing Receivable, Recorded Investment
2022 / 2021	63,698	326,641
2021 / 2020	320,209	270,550
2020 / 2019	262,863	218,965
2019 / 2018	210,501	62,953
2018 / 2017	61,717	6,593
Prior Years	283,695	289,628
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,202,683	1,175,330
Popular U.S. | Mortgages | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	1,595	4,338
2020 / 2019	4,338	3,894
2019 / 2018	4,110	967
2018 / 2017	1,054	217
Prior Years	10,729	12,680
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	21,826	22,096
Popular U.S. | Mortgages | Pass
Financing Receivable, Recorded Investment
2022 / 2021	63,698	326,641
2021 / 2020	318,614	266,212
2020 / 2019	258,525	215,071
2019 / 2018	206,391	61,986
2018 / 2017	60,663	6,376
Prior Years	272,966	276,948
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,180,857	1,153,234
Popular U.S. | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment
2022 / 2021	76,737	431,213
2021 / 2020	431,178	286,905
2020 / 2019	284,309	333,689
2019 / 2018	324,928	208,208
2018 / 2017	206,125	95,223
Prior Years	539,785	448,418
Revolving Loans Amortized Cost Basis	2,561	4,205
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,865,623	1,807,861
Popular U.S. | Commercial | Commercial multi-family | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	8,600
2021 / 2020	8,569	41,348
2020 / 2019	43,642	56,229
2019 / 2018	40,570	20,682
2018 / 2017	20,576	37,343
Prior Years	123,917	48,753
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	237,274	212,955
Popular U.S. | Commercial | Commercial multi-family | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	3,752
2020 / 2019	1,217	9,013
2019 / 2018	8,973	30,244
2018 / 2017	29,613	11,071
Prior Years	35,180	28,297
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	74,983	82,377
Popular U.S. | Commercial | Commercial multi-family | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	67,149
2019 / 2018	67,018	12,748
2018 / 2017	12,685	0
Prior Years	16,514	18,644
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	96,217	98,541
Popular U.S. | Commercial | Commercial multi-family | Pass
Financing Receivable, Recorded Investment
2022 / 2021	76,737	422,613
2021 / 2020	422,609	241,805
2020 / 2019	239,450	201,298
2019 / 2018	208,367	144,534
2018 / 2017	143,251	46,809
Prior Years	364,174	352,724
Revolving Loans Amortized Cost Basis	2,561	4,205
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,457,149	1,413,988
Popular U.S. | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	96,512	559,322
2021 / 2020	222,058	378,936
2020 / 2019	232,533	208,602
2019 / 2018	131,246	289,577
2018 / 2017	144,722	301,077
Prior Years	560,586	576,787
Revolving Loans Amortized Cost Basis	6,233	9,166
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,393,890	2,323,467
Popular U.S. | Commercial | CRE non-owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	12,716
2021 / 2020	12,704	22,109
2020 / 2019	16,909	42,067
2019 / 2018	26,886	56,576
2018 / 2017	46,012	28,604
Prior Years	120,879	154,289
Revolving Loans Amortized Cost Basis	97	780
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	223,487	317,141
Popular U.S. | Commercial | CRE non-owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	2,939
2021 / 2020	0	0
2020 / 2019	0	3,205
2019 / 2018	3,183	7,025
2018 / 2017	1,808	10,573
Prior Years	25,948	15,569
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	30,939	39,311
Popular U.S. | Commercial | CRE non-owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	2,920	756
2020 / 2019	753	6,405
2019 / 2018	0	14,544
2018 / 2017	1,567	11,384
Prior Years	35,538	60,323
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	40,778	93,412
Popular U.S. | Commercial | CRE non-owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	96,512	543,667
2021 / 2020	206,434	356,071
2020 / 2019	214,871	156,925
2019 / 2018	101,177	211,432
2018 / 2017	95,335	250,516
Prior Years	378,221	346,606
Revolving Loans Amortized Cost Basis	6,136	8,386
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,098,686	1,873,603
Popular U.S. | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	124,847	129,898
2021 / 2020	428,804	46,976
2020 / 2019	147,653	43,328
2019 / 2018	109,560	34,873
2018 / 2017	164,962	27,912
Prior Years	421,112	103,236
Revolving Loans Amortized Cost Basis	8,704	8,150
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,405,642	394,373
Popular U.S. | Commercial | CRE owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	239
2020 / 2019	5,343	7,825
2019 / 2018	7,775	8,150
2018 / 2017	12,654	1,676
Prior Years	60,557	17,132
Revolving Loans Amortized Cost Basis	4,222	4,222
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	90,551	39,244
Popular U.S. | Commercial | CRE owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	5,174	0
Prior Years	15,902	1,800
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	21,076	1,800
Popular U.S. | Commercial | CRE owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	1,148
2019 / 2018	7,527	2,878
2018 / 2017	2,300	0
Prior Years	43,602	20,841
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	53,429	24,867
Popular U.S. | Commercial | CRE owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	124,847	129,898
2021 / 2020	428,804	46,737
2020 / 2019	142,310	34,355
2019 / 2018	94,258	23,845
2018 / 2017	144,834	26,236
Prior Years	301,051	63,463
Revolving Loans Amortized Cost Basis	4,482	3,928
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,240,586	328,462
Popular U.S. | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment
2022 / 2021	22,565	280,304
2021 / 2020	283,442	351,589
2020 / 2019	347,272	221,324
2019 / 2018	214,202	201,352
2018 / 2017	197,428	115,429
Prior Years	439,238	343,162
Revolving Loans Amortized Cost Basis	301,189	296,971
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,805,336	1,810,131
Popular U.S. | Commercial | Commercial and Industrial | Watch
Financing Receivable, Recorded Investment
2022 / 2021	691	3,747
2021 / 2020	3,210	4,667
2020 / 2019	3,104	4,292
2019 / 2018	3,187	9,273
2018 / 2017	8,894	5
Prior Years	1,041	1,530
Revolving Loans Amortized Cost Basis	17,121	3,925
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	37,248	27,439
Popular U.S. | Commercial | Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	825	2,504
2021 / 2020	2,323	7,203
2020 / 2019	6,896	670
2019 / 2018	635	481
2018 / 2017	530	59
Prior Years	207	215
Revolving Loans Amortized Cost Basis	8,983	8,177
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	20,399	19,309
Popular U.S. | Commercial | Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	114	537
2021 / 2020	134	97
2020 / 2019	260	4,559
2019 / 2018	4,648	495
2018 / 2017	1,212	168
Prior Years	1,974	1,890
Revolving Loans Amortized Cost Basis	369	159
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	8,711	7,905
Popular U.S. | Commercial | Commercial and Industrial | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	262
2021 / 2020	433	58
2020 / 2019	120	108
2019 / 2018	29	17
2018 / 2017	14	51
Prior Years	218	191
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	814	687
Popular U.S. | Commercial | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment
2022 / 2021	20,935	273,254
2021 / 2020	277,342	339,564
2020 / 2019	336,892	211,695
2019 / 2018	205,703	191,086
2018 / 2017	186,778	115,146
Prior Years	435,798	339,336
Revolving Loans Amortized Cost Basis	274,716	284,710
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,738,164	1,754,791
Popular U.S. | Consumer | Credit card
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	26	10
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	26	10
Popular U.S. | Consumer | Credit card | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	26	10
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	26	10
Popular U.S. | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	13,601	14,636
Revolving Loans Amortized Cost Basis	40,677	38,267
Revolving Loans Converted to Term Loans Amortized Cost Basis	19,681	22,388
Total	73,959	75,291
Popular U.S. | Consumer | Home equity lines of credit | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	2,928	3,006
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	814	935
Total	3,742	3,941
Popular U.S. | Consumer | Home equity lines of credit | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	161	207
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,345	1,258
Total	1,506	1,465
Popular U.S. | Consumer | Home equity lines of credit | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	10,512	11,423
Revolving Loans Amortized Cost Basis	40,677	38,267
Revolving Loans Converted to Term Loans Amortized Cost Basis	17,522	20,195
Total	68,711	69,885
Popular U.S. | Consumer | Personal loans
Financing Receivable, Recorded Investment
2022 / 2021	75,243	75,610
2021 / 2020	69,876	19,492
2020 / 2019	15,551	43,600
2019 / 2018	32,013	7,491
2018 / 2017	5,770	2,819
Prior Years	6,852	5,807
Revolving Loans Amortized Cost Basis	0	126
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	205,305	154,945
Popular U.S. | Consumer | Personal loans | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	72
2021 / 2020	62	81
2020 / 2019	73	250
2019 / 2018	156	73
2018 / 2017	82	17
Prior Years	151	163
Revolving Loans Amortized Cost Basis	0	2
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	524	658
Popular U.S. | Consumer | Personal loans | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	5	0
2020 / 2019	62	4
2019 / 2018	2	0
2018 / 2017	0	0
Prior Years	34	19
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	103	23
Popular U.S. | Consumer | Personal loans | Pass
Financing Receivable, Recorded Investment
2022 / 2021	75,243	75,538
2021 / 2020	69,809	19,411
2020 / 2019	15,416	43,346
2019 / 2018	31,855	7,418
2018 / 2017	5,688	2,802
Prior Years	6,667	5,625
Revolving Loans Amortized Cost Basis	0	124
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	204,678	154,264
Popular U.S. | Consumer | Other
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	6,009	4,658
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	6,009	4,658
Popular U.S. | Consumer | Other | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0
2021 / 2020	0
2020 / 2019	0
2019 / 2018	0
2018 / 2017	0
Prior Years	0
Revolving Loans Amortized Cost Basis	1
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Total	1
Popular U.S. | Consumer | Other | Pass
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	0	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	6,008	4,658
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	$ 6,008	$ 4,658

Allowance for credit losses -_6

Allowance for credit losses - Allowance for loan losses - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Financing Receivable
Troubled debt restructurings	$ 1,693,102	$ 1,656,822
Accruing
Financing Receivable
Troubled debt restructurings	1,515,522	1,468,966
Commercial
Financing Receivable
Troubled debt restructurings	369,129	326,088
Outstanding commitments to lend additional funds to debtors owing receivables whose terms have been modified in troubled debt restructurings	9,000	9,000
Commercial | Accruing
Financing Receivable
Troubled debt restructurings	$ 302,795	$ 261,344

Mortgage banking activities (De

Mortgage banking activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Mortgage servicing rights fair value adjustments	$ 1,017	$ 512
Total trading account profit	(723)	(45)
Total mortgage banking activities	12,865	17,343
Mortgage banking activities
Mortgage servicing fees	9,323	9,715
Mortgage servicing rights fair value adjustments	1,088	512
Total mortgage servicing fees, net of fair value adjustments	10,411	10,227
Net (loss) gain on sale of loans, including valuation adjustments on loans held-for-sale	(1,534)	4,975
Unrealized gains on outstanding derivative positions	2	0
Realized profit on closed derivative positions	4,135	2,502
Total trading account profit	4,137	2,502
Losses on repurchased loans, including interest advances	(149)	(361)
Total mortgage banking activities	$ 12,865	$ 17,343

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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	$ 145,111	$ 191,077
Level 1
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	142,702	188,268
Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	2,409	2,809
Trading account debt securities
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	142,702	188,268
Trading account debt securities | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Trading account debt securities | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	142,702	188,268
Trading account debt securities | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Trading account debt securities | GNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	77,894	101,988
Trading account debt securities | GNMA | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Trading account debt securities | GNMA | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	77,894	101,988
Trading account debt securities | GNMA | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Trading account debt securities | FNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	57,690	86,280
Trading account debt securities | FNMA | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Trading account debt securities | FNMA | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	57,690	86,280
Trading account debt securities | FNMA | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Trading account debt securities | FHLMC
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	7,118
Trading account debt securities | FHLMC | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0
Trading account debt securities | FHLMC | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	7,118
Trading account debt securities | FHLMC | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0
Mortgage Servicing Rights
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	2,409	2,809
Mortgage Servicing Rights | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Mortgage Servicing Rights | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0
Mortgage Servicing Rights | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	$ 2,409	$ 2,809

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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Transfers and Servicing of Financial Assets
Fair value at beginning of period	$ 121,570	$ 118,395
Additions	2,771	3,636
Changes due to payments of loans	(2,983)	(4,094)
Reduction due to loan repurchases	(252)	(556)
Changes in fair value due to changes in valuation model inputs or assumptions	4,252	5,162
Fair value at end of period	$ 125,358	$ 122,543

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	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Servicing Assets at Fair Value
Servicing asset at fair value amount	$ 125,358	$ 121,570	$ 122,543	$ 118,395
PB
Servicing Assets at Fair Value
Servicing asset at fair value amount	$ 1,800		$ 1,000

Transfers of financial assets_6

Transfers of financial assets and servicing assets - Key economic assumptions used (Details) - Residential Mortgage	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
BPPR
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement
Prepayment speed	5.20%	8.80%
Weighted average life (in years)	9 years 4 months 24 days	7 years 2 months 12 days
Discount rate (annual rate)	10.30%	10.50%
PB
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement
Prepayment speed	10.00%	21.40%
Weighted average life (in years)	6 years 10 months 24 days	3 years 6 months
Discount rate (annual rate)	10.00%	11.00%

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	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Originated MSRs
Transfers of financial assets
Fair value of servicing rights	$ 40,155	$ 40,058
Weighted average life (in years)	5 years 10 months 24 days	7 years 1 month 6 days
Prepayment speed	7.50%	7.70%
Impact on fair value of 10% adverse change	$ (598)	$ (1,500)
Impact on fair value of 20% adverse change	$ (1,376)	$ (2,359)
Weighted average discount rate (annual rate)	11.20%	11.20%
Impact on fair value of 10% adverse change	$ (1,326)	$ (2,079)
Impact on fair value of 20% adverse change	(2,754)	(3,452)
Purchased MSRs
Transfers of financial assets
Fair value of servicing rights	$ 85,203	$ 81,512
Weighted average life (in years)	6 years 2 months 12 days	7 years 6 months
Prepayment speed	7.30%	7.60%
Impact on fair value of 10% adverse change	$ (2,186)	$ (1,486)
Impact on fair value of 20% adverse change	$ (4,091)	$ (3,495)
Weighted average discount rate (annual rate)	11.00%	11.00%
Impact on fair value of 10% adverse change	$ (3,726)	$ (2,731)
Impact on fair value of 20% adverse change	$ (6,991)	$ (5,832)

Transfers of financial assets_8

Transfers of financial assets and servicing assets - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Weighted average mortgage servicing fees	0.31%	0.30%
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	$ 29,856,356		$ 29,506,225
Buy Back Option Program
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Mortgage loans related to buy-back option program	13,000		13,000
GNMA
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Repurchased loans	19,000	$ 44,000
Residential Mortgage
Securitization 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	1,100	3,700
Mortgage loans related to buy-back option program	1,600,000		1,600,000
Residential Mortgage | Loans with recourse
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Loans serviced	700,000		700,000
Serviced mortgage loans
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Servicing rights on whole loan sales, principal balance	19,000	65,000
Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale	200	1,300
Loans serviced	11,900,000		$ 12,100,000
Serviced mortgage loans | Loans with recourse
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Repurchased loans	$ 3,000	$ 8,000

Other Real Estate Owned (Detail

Other Real Estate Owned (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other Real Estate Owned Rollforward
Balance at beginning of the period	$ 85,077	$ 83,146
Write-downs in value	(692)	(1,277)
Additions	21,927	5,723
Sales	(15,523)	(15,532)
Other adjustments	(222)
Ending balance	90,567	72,060
Mortgages
Other Real Estate Owned Rollforward
Balance at beginning of the period	70,060	69,932
Write-downs in value	(328)	(970)
Additions	19,240	1,873
Sales	(13,543)	(13,860)
Other adjustments	(330)
Ending balance	75,099	56,975
Commercial / Construction
Other Real Estate Owned Rollforward
Balance at beginning of the period	15,017	13,214
Write-downs in value	(364)	(307)
Additions	2,687	3,850
Sales	(1,980)	(1,672)
Other adjustments	108
Ending balance	$ 15,468	$ 15,085

Other assets (Details)

Other assets (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deferred Costs Capitalized Prepaid And Other Assets Disclosure Abstract
Net deferred tax assets (net of valuation allowance)	$ 776,243	$ 657,597
Investments under the equity method	313,420	298,988
Prepaid taxes	32,147	37,924
Other prepaid expenses	89,245	79,845
Derivative assets	24,848	26,093
Trades receivables from brokers and counterparties	60,497	65,460
Principal, interest and escrow servicing advances	49,877	53,942
Guaranteed mortgage loan claims receivable	94,401	98,001
Operating ROU assets	132,229	141,748
Finance ROU assets	19,479	13,459
Others	163,461	155,514
Total other assets	$ 1,755,847	$ 1,628,571
Operating Lease Right Of Use Asset Statement Of Financial Position	Total other assets	Total other assets
Finance Lease Right Of Use Asset Statement Of Financial Position	Total other assets	Total other assets

Other assets - Narratives (Deta

Other assets - Narratives (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Deferred Costs Capitalized Prepaid And Other Assets Disclosure Abstract
Hosting arrangement service contract implementation cost capitalized	$ 21.6		$ 18.4
Hosting arrangement service contract accumulated amortization	9.7		8.8
Hosting arrangement service contract, net value	11.9		$ 9.6
Hosting arrangement service amortization expense	$ 0.9	$ 0.8

Goodwill and other intangible_3

Goodwill and other intangible assets - Gross amount of goodwill and accumulated impairment losses (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Goodwill
Goodwill Gross	$ 888,505	$ 888,505
Goodwill Impaired Accumulated Impairment Loss	168,212	168,212
Goodwill (net amounts)	720,293	720,293
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	564,456
Goodwill Impaired Accumulated Impairment Loss	164,411	164,411
Goodwill (net amounts)	$ 400,045	$ 400,045

Goodwill and other intangible_4

Goodwill and other intangible assets - Components of other intangible assets subject to amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets
Gross amount	$ 27,096	$ 27,096
Finite Lived Intangible Assets Accumulated Amortization	12,528	11,637
Finite-Lived Intangible Assets, Net	14,568	15,459
Core deposits
Finite-Lived Intangible Assets
Core deposits - Gross	12,810	12,810
Finite Lived Intangible Assets Accumulated Amortization	9,074	8,754
Finite-Lived Intangible Assets, Net	3,736	4,056
Other customer relationship
Finite-Lived Intangible Assets
Customer relationships - Gross	14,286	14,286
Finite Lived Intangible Assets Accumulated Amortization	3,454	2,883
Finite-Lived Intangible Assets, Net	$ 10,832	$ 11,403

Goodwill and other intangible_5

Goodwill and other intangible assets - Estimated amortization of the intangible assets with definite useful lives (Details) $ in Thousands	Mar. 31, 2022USD ($)
Goodwill and Intangible Assets Disclosure
Remaining 2022	$ 2,384
Year 2023	3,179
Year 2024	2,938
Year 2025	1,750
Year 2026	1,440
Later years	$ 2,877

Goodwill and other intangible_6

Goodwill and other intangible assets - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Goodwill and other intangible assets
Amortization Of Intangible Assets	$ 891,000	$ 1,051,000
Identifiable intangible assets	700,000		$ 700,000
Changes in the carrying amount of goodwill	$ 0	$ 0

Deposits - Total interest beari

Deposits - Total interest bearing deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deposits [Abstract]
Savings accounts	$ 16,209,748	$ 15,871,998
NOW, money market and other interest bearing demand deposits	23,465,192	28,736,459
Total savings, NOW, money market and other interest bearing demand deposits	39,674,940	44,608,457
Certificates of deposit:
Under $250,000	4,116,459	4,086,059
$250,000 and over	2,974,230	2,626,090
Total certificates of deposit	7,090,689	6,712,149
Total interest bearing deposits	$ 46,765,629	$ 51,320,606

Deposits - Summary of certifica

Deposits - Summary of certificates of deposit by maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deposits [Abstract]
2022	$ 3,914,729
2023	1,112,216
2024	747,887
2025	573,506
2026	508,775
2027 and thereafter	233,576
Total certificates of deposit	$ 7,090,689	$ 6,712,149

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Deposits [Abstract]
Brokered deposits	$ 900,000	$ 800,000
Overdrafts in demand deposit accounts reclassified to loans	6,000	6,000
Deposit
Deposits	62,862,295	$ 67,005,088
Public sector
Deposit
Deposits	14,800,000
Deposit withdrawal	$ 10,100,000

Borrowings - Repurchase agreeme

Borrowings - Repurchase agreements accounted for as secured borrowings (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 72,819	$ 91,603
Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	72,819	91,603
US Treasury Securities | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	62,367	78,869
US Treasury Securities | Within 30 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	14,525	19,538
US Treasury Securities | After 30 to 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	14,975	30,295
US Treasury Securities | After 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	32,867	29,036
Mortgage Backed Securities | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	10,158	12,455
Mortgage Backed Securities | Within 30 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	2,763	11,733
Mortgage Backed Securities | After 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	7,395	722
CMO | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	294	279
CMO | Within 30 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 294	$ 279

Borrowings - Notes payable (Det

Borrowings - Notes payable (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument
Notes payable	$ 987,887	$ 988,563
Advances with FHLB with maturities ranging from 2022 Through 2029
Debt Instrument
FHLB advances	491,429	492,429
Unsecured senior debt | Fixed Rate with maturities on 2023 paying interest semiannually
Debt Instrument
Long Term Debt	298,159	297,842
Junior subordinated debt | Fixed Rate with maturities on 2034
Debt Instrument
Long Term Debt	$ 198,299	$ 198,292

Borrowings - Notes payable -Par

Borrowings - Notes payable -Parenthetical (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
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
Debt Instrument Frequency Of Periodic Payment	monthly
Advances with FHLB with maturities ranging from 2022 Through 2029 | Minimum
Debt Instrument
Advances with the FHLB, interest rate	0.39%
Advances with FHLB with maturities ranging from 2022 Through 2029 | Maximum
Debt Instrument
Advances with the FHLB, interest rate	3.18%
Unsecured senior debt | Fixed Rate with maturities on 2023 paying interest semiannually
Debt Instrument
Fixed interest rate percentage	6.125%
Senior Debt Maturity Year	2023
Debt issuance costs	$ 1,841
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	$ 335
Junior subordinated debt | Fixed Rate with maturities on 2034 | Minimum
Debt Instrument
Fixed interest rate percentage	6.125%
Junior subordinated debt | Fixed Rate with maturities on 2034 | Maximum
Debt Instrument
Fixed interest rate percentage	6.564%

Borrowings - Borrowings by cont

Borrowings - Borrowings by contractual maturities (Details) $ in Thousands	Mar. 31, 2022USD ($)
Debt Disclosure
2022	$ 174,967
2023	341,420
2024	91,943
2025	139,920
2026	74,500
Later years	237,956
Total borrowings	1,060,706
Assets sold under agreements to repurchase
Debt Disclosure
2022	72,819
2023	0
2024	0
2025	0
2026	0
Later years	0
Total borrowings	72,819
Notes payable
Debt Disclosure
2022	102,148
2023	341,420
2024	91,943
2025	139,920
2026	74,500
Later years	237,956
Total borrowings	$ 987,887

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Debt Disclosure
FHLB advances maximum amount available	$ 2,900,000,000	$ 3,000,000,000
Federal Home Loan Bank Advances And Letters Of Credit Amount Used	500,000,000	600,000,000
Assets sold under agreements to repurchase	72,819,000	91,603,000
Other short-term borrowings	0	75,000,000
Advances with FRB
Debt Disclosure
Line Of Credit Facility Current Borrowing Capacity	1,300,000,000	1,300,000,000
Federal Home Loan Bank
Debt Disclosure
Line Of Credit Facility Capacity Available For Specific Purpose Other Than For Trade Purchases	500,000,000	1,200,000,000
Other short-term borrowings	$ 0	$ 75,000,000

Other Liabilities (Details)

Other Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Accrued expenses	$ 285,700	$ 308,594
Accrued interest payable	26,121	33,227
Accounts payable	99,866	91,804
Dividends payable	42,074	35,937
Trades payable	10,710	13,789
Liability for GNMA loans sold with an option to repurchase	12,570	12,806
Reserves for loan indemnifications	11,148	12,639
Reserve for operational losses	41,836	43,886
Operating lease liabilities	144,484	154,114
Finance lease liabilities	25,665	19,719
Pension benefit obligation	8,496	8,778
Postretirement benefit obligation	159,940	161,988
Other liabilities	62,225	70,967
Total other liabilities	$ 930,835	$ 968,248
Operating Lease Liability Statement Of Financial Position	Other liabilities	Other liabilities
Operating Lease Liability Statement Of Financial Position	Other liabilities	Other liabilities

Stockholders' equity - Common s

Stockholders' equity - Common stock - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended
		Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Stockholders Equity Note
Stockholders' equity		$ 4,671,246	$ 5,897,559	$ 5,969,397	$ 6,028,687
Cash dividends	[1]	$ 42,074	$ 33,754
Dividends Declared per Common Share		$ 0.55	$ 0.40
Dividend payable, to be paid date		Apr. 1, 2022
Dividends payable, record date		Mar. 15, 2022
[1]	Dividends declared per common share during the quarter ended March 31, 2022 - $ 0.55 (2021 - $ 0.40).

Stockholders' equity - ASR - Ad

Stockholders' equity - ASR - Additional Information (Details) - Accelerate share repurchase - USD ($) $ in Millions	2 Months Ended	3 Months Ended
	Mar. 02, 2022	Mar. 31, 2022	Feb. 28, 2022
Stockholders Equity Note
Stock repurchase program authorized amount		$ 400	$ 400
Accelerated share repurchases settlement payment	$ 400
Initial shares received as part of an accelerated share repurchase program	3,483,942	3,483,942
Treasury stock
Stockholders Equity Note
Common stock purchases	$ (320)
Capital surplus
Stockholders Equity Note
Common stock purchases	$ (80)

Other comprehensive income (los

Other comprehensive income (loss) - Change in accumulated other comprehensive income (loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Foreign Currency Translation
Beginning Balance	$ (67,307)	$ (71,254)
Other comprehensive (loss) income	(2,858)	569
Net change	(2,858)	569
Ending Balance	(70,165)	(70,685)
Adjustment of pension and postretirement benefit plans
Beginning Balance	(158,994)	(195,056)
Other comprehensive loss before reclassification	1,269	0
Amounts reclassified from accumulated other comprehensive loss for amortization of net losses	2,444	3,242
Net change	3,713	3,242
Ending Balance	(155,281)	(191,814)
Unrealized net holding (losses) gains on debt securities
Beginning Balance	(96,120)	460,900
Other comprehensive loss	(1,075,830)	(369,945)
Net change	(1,075,830)	(369,945)
Ending Balance	(1,171,950)	90,955
Unrealized net gains (losses) on cash flow hedges
Beginning Balance	(2,648)	(4,599)
Other comprehensive income before reclassifications	3,139	1,357
Amounts reclassified from accumulated other comprehensive gains (losses)	(333)	48
Net change	2,806	1,405
Ending Balance	158	(3,194)
Accumulated other comprehensive loss, net of tax	$ (1,397,238)	$ (174,738)	$ (325,069)

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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Reclassification out of accumulated other comprehensive loss
Net of tax	$ (2,111)	$ (3,290)
Pension and postretirement benefit plan
Reclassification out of accumulated other comprehensive loss
Before Tax	(3,911)	(5,190)
Income tax benefit	1,467	1,948
Net of tax	(2,444)	(3,242)
Pension and postretirement benefit plan | Other operating expense
Reclassification out of accumulated other comprehensive loss
Before Tax	(3,911)	(5,190)
Cash flow hedge
Reclassification out of accumulated other comprehensive loss
Before Tax	699	91
Income tax benefit	(366)	(139)
Net of tax	333	(48)
Cash flow hedge | Forward contracts | Mortgage banking activities
Reclassification out of accumulated other comprehensive loss
Before Tax	978	370
Cash flow hedge | Interest rate swap | Other operating expense
Reclassification out of accumulated other comprehensive loss
Before Tax	$ (279)	$ (279)

Guarantees - Changes from credi

Guarantees - Changes from credit recourses agreements (Details) - Guarantee on loans sold or serviced with credit recourse - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Guarantor Obligations
Balance as of beginning of period	$ 11,800	$ 22,484
Provision for recourse liability	46	817
Net charge-offs	(1,511)	(3,057)
Balance as of end of period	$ 10,335	$ 20,244

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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Guarantor Obligations
Balance as of beginning of period	$ 839	$ 2,297
Provision (benefit) for representations and warranties	699	(119)
Net charge-offs	(725)	0
Balance as of end of period	$ 813	$ 2,178

Guarantees - Credit recourse -

Guarantees - Credit recourse - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Guarantee on loans sold or serviced with credit recourse
Guarantor Obligations
Valuation allowances and reserves balance	$ 10,335,000	$ 20,244,000	$ 11,800,000	$ 22,484,000
Serviced mortgage loans
Guarantor Obligations
Loans serviced	11,900,000,000		12,100,000,000
Loans with recourse | Serviced mortgage loans
Guarantor Obligations
Repurchased loans	3,000,000	8,000,000
Loans with recourse | Residential mortgage loans
Guarantor Obligations
Loans serviced	700,000,000		$ 700,000,000
Securitization | Guarantee on loans sold or serviced with representation and warranties
Guarantor Obligations
Repurchased loans	$ 927,000	$ 0

Guarantees - Other Guarantees -

Guarantees - Other Guarantees - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Guarantor Obligations
Funds Advanced To Investors Under Servicing Agreements	$ 49,877	$ 53,942
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	100	200
Guarantee Type, Other | Popular, Inc. Holding Co. | Capital securities (trust preferred securities)
Guarantor Obligations
Guarantees, unamortized balance of the obligations	$ 193,000	$ 193,000

Commitments and Contingencies -

Commitments and Contingencies - Financial instruments with off-Balance Sheet credit risk (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Commitments to extend credit | Credit card lines
Commitments and contingencies
Unused commitments to extend credit	$ 5,480,888	$ 5,382,089
Commitments to extend credit | Commercial and construction lines of credit
Commitments and contingencies
Unused commitments to extend credit	3,977,223	3,830,601
Commitments to extend credit | Other consumer unused credit commitments
Commitments and contingencies
Unused commitments to extend credit	248,708	250,229
Commercial letters of credit
Commitments and contingencies
Unused commitments to extend credit	3,640	3,260
Standby letters of credit
Commitments and contingencies
Unused commitments to extend credit	31,643	27,848
Commitments to originate or fund mortgage loans
Commitments and contingencies
Unused commitments to extend credit	$ 113,755	$ 95,372

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	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	$ 345,598	$ 349,000
Total concentration of risk	363,787	367,000
Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	27,297	30,000
Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	318,301	$ 319,000
From PR Central Government
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	52
Total concentration of risk	52
From PR Central Government | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	52
From PR Central Government | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	0
From PR Central Government | After 1 to 5 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	16
Total concentration of risk	16
From PR Central Government | After 1 to 5 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	16
From PR Central Government | After 1 to 5 years | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	0
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 5 to 10 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	1
From PR Central Government | After 5 to 10 years | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	0
From PR Central Government | After 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	35
Total concentration of risk	35
From PR Central Government | After 10 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	35
From PR Central Government | After 10 years | Loans
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	345,546
Total concentration of risk	363,735
From Municipalities | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	27,245
From Municipalities | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	318,301
From Municipalities | Within 1 year
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	76,505
Total concentration of risk	94,694
From Municipalities | Within 1 year | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	4,440
From Municipalities | Within 1 year | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	72,065
From Municipalities | After 1 to 5 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	80,517
Total concentration of risk	80,517
From Municipalities | After 1 to 5 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	13,045
From Municipalities | After 1 to 5 years | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	67,472
From Municipalities | After 5 to 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	133,037
Total concentration of risk	133,037
From Municipalities | After 5 to 10 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	9,530
From Municipalities | After 5 to 10 years | Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	123,507
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 | After 10 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	230
From Municipalities | After 10 years | Loans
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	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount	$ 29,856,356	$ 29,506,225
Commitments to extend credit
Commitments and Contingencies Disclosure
Reserve of potential losses associated with unfunded loan commitments	7,100	7,900
Noncredit commitment
Commitments and Contingencies Disclosure
Investments	1,000	1,000
Residential mortgage loans
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount	1,600,000	1,600,000
SBA loans under PPP program
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount	173,000	353,000
BVI | Retail and commerical loans
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount	218,000	221,000
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	67,000
PR Government direct exposure
Commitments and Contingencies Disclosure
Outstanding concentration of risk	345,598	349,000
Total concentration of risk	363,787	367,000
PR Government direct exposure | Loans
Commitments and Contingencies Disclosure
Outstanding concentration of risk	$ 318,301	319,000
Exposure Municipal Loans And Securities	75.00%
PR Government direct exposure | Loans | Adjustment
Commitments and Contingencies Disclosure
Outstanding concentration of risk	$ 319,000
PR Government direct exposure | Securities Investment
Commitments and Contingencies Disclosure
Outstanding concentration of risk	27,297	30,000
PR Government Indirect Exposure
Commitments and Contingencies Disclosure
Outstanding concentration of risk	268,000	275,000
Loans and Leases Receivable, Consumer, Mortgage with PRHA	225,000	232,000
PR Government Indirect Exposure | PR Housing Bonds backed by second mortgage loans
Commitments and Contingencies Disclosure
Outstanding concentration of risk	43,000	43,000
USVI Government Direct Exposure | From USVI Government And Public Corporations
Commitments and Contingencies Disclosure
Total concentration of risk	$ 70,000	$ 70,000

Commitments and contingencies_4

Commitments and contingencies - Legal Proceedings - Additional Information (Details) $ in Millions	1 Months Ended			3 Months Ended
	Oct. 28, 2021USD ($)	Jun. 28, 2021Defendant	Jul. 30, 2019PlaintiffDefendant	Mar. 31, 2022USD ($)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				60
Loss Contingency Damages Sought Value				$ 51
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
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				$ 26.9

Non-consolidated VIEs - Corpora

Non-consolidated VIEs - Corporation's VI in non-consolidated VIEs and max exposure to loss (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Variable Interest Entity
Assets	$ 69,525,082	$ 75,097,899	$ 66,870,268
Variable Interest Entity Not Primary Beneficiary
Variable Interest Entity
Assets	105,000	102,432
Maximum exposure to loss	105,000	102,432
Variable Interest Entity Not Primary Beneficiary | Servicing assets
Variable Interest Entity
Assets	97,717	94,464
Variable Interest Entity Not Primary Beneficiary | Mortgage servicing rights
Variable Interest Entity
Assets	97,717	94,464
Variable Interest Entity Not Primary Beneficiary | Other assets
Variable Interest Entity
Assets	7,283	7,968
Variable Interest Entity Not Primary Beneficiary | Servicing advances
Variable Interest Entity
Assets	$ 7,283	$ 7,968

Non-consolidated variable int_3

Non-consolidated variable interest entities - Additional Information (Details) - Variable Interest Entity Not Primary Beneficiary [Member] $ in Billions	3 Months Ended
	Mar. 31, 2022USD ($)NumberOfVIE	Dec. 31, 2021USD ($)
Variable Interest Entity
Number of VIEs | NumberOfVIE	3
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement | $	$ 8.2	$ 8.3

Related party transactions - Co

Related party transactions - Corporation's equity in Evertec (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Related Party Transaction
Equity investment	$ 313,420	$ 298,988
EVERTEC Inc.
Related Party Transaction
Equity investment	$ 119,579	$ 110,299

Related party transactions - Fi

Related party transactions - Financial Condition accounts outstanding with EVERTEC (Details) - EVERTEC Inc. - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Related Party Transaction
Accounts receivables (Other assets)	$ 5,640	$ 5,668
Deposits	(157,209)	(150,737)
Accounts payable (Other liabilities)	(1,242)	(3,431)
Net total	$ (152,811)	$ (148,500)

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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Related Party Transaction
Share of income from investment	$ 6,318	$ 5,734
Share of other changes in stockholders equity	1,787	178
Share of changes in equity recognized in income	$ 8,105	$ 5,912

Related party transactions - Im

Related party transactions - Impact on the results of operations of transactions between the Corporation and EVERTEC (Details) - EVERTEC Inc. - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Related Party Transaction
Related Party Transaction, Amounts of Transaction	$ (53,772)	$ (52,108)
Interest Expense
Related Party Transaction
Interest Expense Related Party	(132)	(89)
ATH and credit cards interchange income from services
Related Party Transaction
Related Party Transaction Revenues From Transactions With Related Party	6,683	6,454
Rental income charged
Related Party Transaction
Related Party Transaction Revenues From Transactions With Related Party	1,681	1,547
Processing fees on services provided
Related Party Transaction
Expenses from Transactions with related party	(62,222)	(60,141)
Other services provided
Related Party Transaction
Related Party Transaction Revenues From Transactions With Related Party	$ 218	$ 121

Related party transactions - Re

Related party transactions - Related party transactions with affiliated company - Equity Method - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Jun. 30, 2022	Dec. 31, 2021
Related Party Transaction
Equity investment	$ 313,420,000			$ 298,988,000
EVERTEC Inc.
Related Party Transaction
Ownership interest	16.26%
Equity investment	$ 119,579,000			110,299,000
Earnings from investments in equity method investees	8,105,000	$ 5,912,000
Equity Method Investment Dividends	$ 600,000	600,000
Number of shares held	11,654,803
EVERTEC Inc. | EVERTEC Assets | Master service agreement
Related Party Transaction
Ownership interest	16.20%
Business acquisition, aggregated equity value	$ 197,000,000
The calculation basis of each common stock per share of acquiree	$ 42.84
Percent of maximum voting interest	4.50%
EVERTEC Inc. | EVERTEC Assets | Master service agreement | Subsequent event
Related Party Transaction
Ownership interest			10.50%
BHD LEON
Related Party Transaction
Ownership interest	15.84%
Equity investment	$ 185,300,000			$ 160,100,000
Earnings from investments in equity method investees	7,400,000	6,400,000
Dividends distribution	$ 0	$ 0

Related party transactions - _2

Related party transactions - Related party transactions with affiliated company - Additional Information 1 (Details) - Related Party With Investment Companies - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Related Party Transaction
Administrative Fees	$ 0.7	$ 1.2
Waived Fees	0.3	0.5
Net fees	$ 0.4	$ 0.7
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. During the year ended December 31, 2021, these credit facilities expired.

Fair value measurement - Assets

Fair value measurement - Assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Assets
Debt securities available-for-sale	$ 26,359,915	$ 24,968,269
Mortgage servicing rights	125,358	121,570	$ 122,543	$ 118,395
US Treasury Securities
Assets
Debt securities available-for-sale	18,179,111	15,859,030
Obligations of U.S. Government sponsored entities
Assets
Debt securities available-for-sale	71	70
Collateralized Mortgage Obligations - Federal agencies
Assets
Debt securities available-for-sale	191,215	221,265
Mortgage Backed Securities
Assets
Debt securities available-for-sale	7,989,407	8,887,776
Other
Assets
Debt securities available-for-sale	111	128
Recurring
Assets
Debt securities available-for-sale	26,359,915	24,968,269
Trading account debt securities, excluding derivatives	36,040	29,711
Equity securities at fair value	31,038	32,506
Mortgage servicing rights	125,358	121,570
Derivatives	24,848	26,093
Total assets measured at fair value on a nonrecurring basis	26,577,199	25,178,149
Liabilities
Derivatives	(20,218)	(22,878)
Contingent consideration	(9,241)	(9,241)
Total	(29,459)	(32,119)
Recurring | US Treasury Securities
Assets
Debt securities available-for-sale	18,179,111	15,859,030
Trading account debt securities, excluding derivatives	16,686	6,530
Recurring | Obligations of U.S. Government sponsored entities
Assets
Debt securities available-for-sale	71	70
Recurring | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	81	85
Recurring | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt securities available-for-sale	191,215	221,265
Recurring | CMO
Assets
Trading account debt securities, excluding derivatives	227	257
Recurring | Mortgage Backed Securities
Assets
Debt securities available-for-sale	7,989,407	8,887,776
Trading account debt securities, excluding derivatives	18,779	22,559
Recurring | Other
Assets
Debt securities available-for-sale	111	128
Trading account debt securities, excluding derivatives	267	280
Recurring | Level 1
Assets
Debt securities available-for-sale	1,799,951	0
Trading account debt securities, excluding derivatives	16,686	6,530
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	1,816,637	6,530
Liabilities
Derivatives	0	0
Contingent consideration	0	0
Total	0	0
Recurring | Level 1 | US Treasury Securities
Assets
Debt securities available-for-sale	1,799,951	0
Trading account debt securities, excluding derivatives	16,686	6,530
Recurring | Level 1 | Obligations of U.S. Government sponsored entities
Assets
Debt securities available-for-sale	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	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	0	0
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 1 | Other
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 2
Assets
Debt securities available-for-sale	24,559,171	24,967,443
Trading account debt securities, excluding derivatives	18,913	22,703
Equity securities at fair value	30,872	32,429
Mortgage servicing rights	0	0
Derivatives	24,848	26,093
Total assets measured at fair value on a nonrecurring basis	24,633,804	25,048,668
Liabilities
Derivatives	(20,218)	(22,878)
Contingent consideration	0	0
Total	(20,218)	(22,878)
Recurring | Level 2 | US Treasury Securities
Assets
Debt securities available-for-sale	16,379,160	15,859,030
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 2 | Obligations of U.S. Government sponsored entities
Assets
Debt securities available-for-sale	71	70
Recurring | Level 2 | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	81	85
Recurring | Level 2 | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt securities available-for-sale	191,215	221,265
Recurring | Level 2 | CMO
Assets
Trading account debt securities, excluding derivatives	53	59
Recurring | Level 2 | Mortgage Backed Securities
Assets
Debt securities available-for-sale	7,988,614	8,886,950
Trading account debt securities, excluding derivatives	18,779	22,559
Recurring | Level 2 | Other
Assets
Debt securities available-for-sale	111	128
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 3
Assets
Debt securities available-for-sale	793	826
Trading account debt securities, excluding derivatives	441	478
Equity securities at fair value	0	0
Mortgage servicing rights	125,358	121,570
Derivatives	0	0
Total assets measured at fair value on a nonrecurring basis	126,592	122,874
Liabilities
Derivatives	0	0
Contingent consideration	(9,241)	(9,241)
Total	(9,241)	(9,241)
Recurring | Level 3 | US Treasury Securities
Assets
Debt securities available-for-sale	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	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	0	0
Recurring | Level 3 | CMO
Assets
Trading account debt securities, excluding derivatives	174	198	251
Recurring | Level 3 | Mortgage Backed Securities
Assets
Debt securities available-for-sale	793	826
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 3 | Other
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	267	280	$ 372
Recurring | NAV
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	0	0
Equity securities at fair value	166	77
Mortgage servicing rights	0	0
Derivatives	0	0
Total assets measured at fair value on a nonrecurring basis	166	77
Liabilities
Derivatives	0	0
Contingent consideration	0	0
Total	0	0
Recurring | NAV | US Treasury Securities
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	0	0
Recurring | NAV | Obligations of U.S. Government sponsored entities
Assets
Debt securities available-for-sale	0	0
Recurring | NAV | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	0	0
Recurring | NAV | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt securities available-for-sale	0	0
Recurring | NAV | CMO
Assets
Trading account debt securities, excluding derivatives	0	0
Recurring | NAV | Mortgage Backed Securities
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	0	0
Recurring | NAV | Other
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	$ 0	$ 0

Fair value measurement - Asse_2

Fair value measurement - Assets measured at fair value on nonrecurring basis (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Fair Value
Other real estate	$ 90,567		$ 85,077
ROU assets	132,229		$ 141,748
Nonrecurring
Fair Value
Loans	4,891	$ 2,384
Loans held-for-sale	55,150	3,549
Other real estate	1,432	6,205
Other foreclosed assets		48
Long-lived asset held-for-sale		2,728
Total assets measured at fair value on a nonrecurring basis	61,473	14,914
Loans - write-down	(180)	(406)
Loans held-for-sale - write-down	(675)	(846)
Other real estate owned - write down	(495)	(1,073)
Other foreclosed assets - write down		(7)
Long-lived asset held-for-sale - write down		(303)
Total assets measured - write down	(1,350)	(2,635)
Nonrecurring | Level 1
Fair Value
Loans	0	0
Loans held-for-sale	0	0
Other real estate	0	0
Other foreclosed assets		0
Long-lived asset held-for-sale		0
Total assets measured at fair value on a nonrecurring basis	0	0
Nonrecurring | Level 2
Fair Value
Loans	0	0
Loans held-for-sale	0	0
Other real estate	0	0
Other foreclosed assets		0
Long-lived asset held-for-sale		0
Total assets measured at fair value on a nonrecurring basis	0	0
Nonrecurring | Level 3
Fair Value
Loans	4,891	2,384
Loans held-for-sale	55,150	3,549
Other real estate	1,432	6,205
Other foreclosed assets		48
Long-lived asset held-for-sale		2,728
Total assets measured at fair value on a nonrecurring basis	$ 61,473	$ 14,914

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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	$ 122,874	$ 120,068
Gains (Losses) included in earnings	1,003	503
Gains (losses) included in OCI	(8)	(5)
Additions	2,773	3,637
Settlements	(50)	(103)
Ending Balance	126,592	124,100
Changes in unrealized gains (losses) included in earnings relating to assets still held	4,256	5,166
Liabilities, Fair Value Disclosure [Abstract]
Beginning Balance	(9,241)
Gains (Losses) included in earnings	0
Gains (losses) included in OCI	0
Additions	0
Settlements	0
Ending Balance	(9,241)
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss	0
Contingent consideration
Liabilities, Fair Value Disclosure [Abstract]
Beginning Balance	(9,241)
Gains (Losses) included in earnings	0
Gains (losses) included in OCI	0
Additions	0
Settlements	0
Ending Balance	(9,241)
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	826	1,014
Gains (Losses) included in earnings	0	0
Gains (losses) included in OCI	(8)	(5)
Additions	0	0
Settlements	(25)	(75)
Ending Balance	793	934
Changes in unrealized gains (losses) included in earnings relating to assets still held	0	0
Trading account debt securities | CMO
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	198	278
Gains (Losses) included in earnings	(1)	0
Gains (losses) included in OCI	0	0
Additions	2	1
Settlements	(25)	(28)
Ending Balance	174	251
Changes in unrealized gains (losses) included in earnings relating to assets still held	(1)	0
Trading account debt securities | Other
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	280	381
Gains (Losses) included in earnings	(13)	(9)
Gains (losses) included in OCI	0	0
Additions	0	0
Settlements	0	0
Ending Balance	267	372
Changes in unrealized gains (losses) included in earnings relating to assets still held	5	4
Mortgage Servicing Rights
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	121,570	118,395
Gains (Losses) included in earnings	1,017	512
Gains (losses) included in OCI	0	0
Additions	2,771	3,636
Settlements	0	0
Ending Balance	125,358	122,543
Changes in unrealized gains (losses) included in earnings relating to assets still held	$ 4,252	$ 5,162

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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract
Gains (Losses) included in earnings	$ 1,003	$ 503
Changes in unrealized gains (losses) included in earnings relating to assets still held	4,256	5,166
Mortgage banking activities
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract
Gains (Losses) included in earnings	1,017	512
Changes in unrealized gains (losses) included in earnings relating to assets still held	4,252	5,162
Trading account (loss) profit
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract
Gains (Losses) included in earnings	(14)	(9)
Changes in unrealized gains (losses) included in earnings relating to assets still held	$ 4	$ 4

Fair value measurement - Quanti

Fair value measurement - Quantitative inputs level 3 (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Assets
Mortgage servicing rights	$ 125,358	$ 122,543	$ 121,570	$ 118,395
Other real estate	90,567		85,077
Recurring
Assets
Trading Securities Debt	36,040		29,711
Mortgage servicing rights	125,358		121,570
Contingent consideration	(9,241)		(9,241)
Recurring | CMO
Assets
Trading Securities Debt	227		257
Recurring | Other
Assets
Trading Securities Debt	267		280
Recurring | Level 3
Assets
Trading Securities Debt	441		478
Mortgage servicing rights	125,358		121,570
Contingent consideration	(9,241)		(9,241)
Recurring | Level 3 | Mortgage Servicing Rights
Assets
Mortgage servicing rights		$ 122,543
Recurring | Level 3 | Mortgage Servicing Rights | Discounted cash flow approach | Minimum
Unobservable inputs
Weighted average life (in years)		1 month 6 days
Prepayment speed		0.40%
Discount rate		9.50%
Recurring | Level 3 | Mortgage Servicing Rights | Discounted cash flow approach | Maximum
Unobservable inputs
Weighted average life (in years)		12 years 9 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 (in years)		6 years 3 months 18 days
Prepayment speed		6.00%
Discount rate		11.10%
Recurring | Level 3 | Contingent consideration
Assets
Contingent consideration	$ (9,241)
Recurring | Level 3 | Contingent consideration | Probability weighted discounted cash flows
Unobservable inputs
Discount rate	2.52%
Recurring | Level 3 | CMO
Assets
Trading Securities Debt	$ 174	$ 251	198
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Minimum
Unobservable inputs
Weighted average life (in years)	6 months	3 months 18 days
Yield	3.90%	3.60%
Prepayment speed	0.10%	10.40%
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Maximum
Unobservable inputs
Weighted average life (in years)	1 year	1 year 3 months 18 days
Yield	4.50%	4.10%
Prepayment speed	15.70%	18.30%
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Weighted Average
Unobservable inputs
Weighted average life (in years)	8 months 12 days	1 year 1 month 6 days
Yield	3.90%	3.60%
Prepayment speed	8.40%	12.90%
Recurring | Level 3 | Other
Assets
Trading Securities Debt	$ 267	$ 372	$ 280
Recurring | Level 3 | Other | Trading account debt securities | Discounted cash flow approach
Unobservable inputs
Weighted average life (in years)	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	$ 4,891	$ 2,384
Other real estate	1,432	6,205
Nonrecurring | Level 3
Assets
Loans	4,891	2,384
Other real estate	1,432	6,205
Nonrecurring | Level 3 | Loan
Assets
Loans	$ 4,653	$ 2,162
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal
Unobservable inputs
Haircut applied on external appraisal	12.60%
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Minimum
Unobservable inputs
Haircut applied on external appraisal		12.60%
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Maximum
Unobservable inputs
Haircut applied on external appraisal		21.40%
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Weighted Average
Unobservable inputs
Haircut applied on external appraisal		16.30%
Nonrecurring | Level 3 | Other real estate owned
Assets
Other real estate		$ 5,772
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal | Minimum
Unobservable inputs
Haircut applied on external appraisal		5.00%
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal | Maximum
Unobservable inputs
Haircut applied on external appraisal		35.00%
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal | Weighted Average
Unobservable inputs
Haircut applied on external appraisal		22.10%

Fair value measurement - Additi

Fair value measurement - Additional Information (Details)	3 Months Ended
	Mar. 31, 2022
Trading account debt securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation
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
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 ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Financial Assets:
Cash and due from banks	$ 439,148	$ 428,433
Money market investments	10,069,692	17,536,719
Debt securities available-for-sale	26,359,915	24,968,269
Debt securities held-to-maturity	68,140	71,365
Equity securities:
Equity securities, at lower of cost or realizable value	186,348	189,977
Loans held in portfolio	28,910,398	28,545,191
Mortgage servicing rights	125,358	121,570	$ 122,543	$ 118,395
Deposits
Time deposits	7,090,689	6,712,149
Deposits	62,862,295	67,005,088
Assets sold under agreements to repurchase	72,819	91,603
Other short-term borrowings	0	75,000
Notes payable:
Notes payable	987,887	988,563
Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	62,156	65,380
Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities available-for-sale	191,215	221,265
Debt securities held-to-maturity	24	25
Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	5,960	5,960
Other
Financial Assets:
Debt securities available-for-sale	111	128
Carrying amount
Financial Assets:
Cash and due from banks	439,148	428,433
Money market investments	10,069,692	17,536,719
Trading account debt securities, excluding derivatives	36,040	29,711
Debt securities available-for-sale	26,359,915	24,968,269
Debt securities held-to-maturity	68,140	71,365
Equity securities:
FHLB stock	55,648	59,918
FRB stock	96,747	96,217
Other investments	33,953	33,842
Equity securities, at lower of cost or realizable value	186,348	189,977
Loans held-for-sale	55,150	59,168
Loans held in portfolio	28,910,398	28,545,191
Mortgage servicing rights	125,358	121,570
Derivatives	24,848	26,093
Deposits
Demand deposits	55,771,606	60,292,939
Time deposits	7,090,689	6,712,149
Deposits	62,862,295	67,005,088
Assets sold under agreements to repurchase	72,819	91,603
Other short-term borrowings		75,000
Notes payable:
FHLB advances	491,429	492,429
Unsecured senior debt securities	298,159	297,842
Junior subordinated deferrable interest debentures (related to trust preferred securities)	198,299	198,292
Notes payable	987,887	988,563
Derivatives	20,218	22,878
Contingent consideration	9,241	9,241
Carrying amount | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	62,156	65,380
Carrying amount | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	24	25
Carrying amount | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	5,960	5,960
Fair Value
Financial Assets:
Cash and due from banks	439,148	428,433
Money market investments	10,069,692	17,536,719
Trading account debt securities, excluding derivatives	36,040	29,711
Debt securities available-for-sale	26,359,915	24,968,269
Debt securities held-to-maturity	75,882	83,368
Equity securities:
FHLB stock	55,648	59,918
FRB stock	96,747	96,217
Other investments	34,742	36,210
Equity securities, at lower of cost or realizable value	187,137	192,345
Loans held-for-sale	55,150	59,885
Loans held in portfolio	28,008,363	27,489,583
Mortgage servicing rights	125,358	121,570
Derivatives	24,848	26,093
Deposits
Demand deposits	55,771,606	60,292,939
Time deposits	6,912,361	6,647,301
Deposits	62,683,967	66,940,240
Assets sold under agreements to repurchase	72,889	91,602
Other short-term borrowings		75,000
Notes payable:
FHLB advances	477,283	496,091
Unsecured senior debt securities	312,375	319,296
Junior subordinated deferrable interest debentures (related to trust preferred securities)	206,425	201,879
Notes payable	996,083	1,017,266
Derivatives	20,218	22,878
Contingent consideration	9,241	9,241
Fair Value | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	69,897	77,383
Fair Value | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	25	25
Fair Value | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	5,960	5,960
Fair Value | Level 1
Financial Assets:
Cash and due from banks	439,148	428,433
Money market investments	10,063,392	17,530,640
Trading account debt securities, excluding derivatives	16,686	6,530
Debt securities available-for-sale	1,799,951	0
Debt securities held-to-maturity	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	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:
FHLB advances	0	0
Unsecured senior debt securities	0	0
Junior subordinated deferrable interest debentures (related to trust preferred securities)	0	0
Notes payable	0	0
Derivatives	0	0
Contingent consideration	0	0
Fair Value | Level 1 | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | Level 1 | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | Level 1 | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | Level 2
Financial Assets:
Cash and due from banks	0	0
Money market investments	6,300	6,079
Trading account debt securities, excluding derivatives	18,913	22,703
Debt securities available-for-sale	24,559,171	24,967,443
Debt securities held-to-maturity	5,960	5,960
Equity securities:
FHLB stock	55,648	59,918
FRB stock	96,747	96,217
Other investments	30,872	32,429
Equity securities, at lower of cost or realizable value	183,267	188,564
Loans held-for-sale	0	0
Loans held in portfolio	0	0
Mortgage servicing rights	0	0
Derivatives	24,848	26,093
Deposits
Demand deposits	55,771,606	60,292,939
Time deposits	6,912,361	6,647,301
Deposits	62,683,967	66,940,240
Assets sold under agreements to repurchase	72,889	91,602
Other short-term borrowings		75,000
Notes payable:
FHLB advances	477,283	496,091
Unsecured senior debt securities	312,375	319,296
Junior subordinated deferrable interest debentures (related to trust preferred securities)	206,425	201,879
Notes payable	996,083	1,017,266
Derivatives	20,218	22,878
Contingent consideration	0	0
Fair Value | Level 2 | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | Level 2 | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | Level 2 | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	5,960	5,960
Fair Value | Level 3
Financial Assets:
Cash and due from banks	0	0
Money market investments	0	0
Trading account debt securities, excluding derivatives	441	478
Debt securities available-for-sale	793	826
Debt securities held-to-maturity	69,922	77,408
Equity securities:
FHLB stock	0	0
FRB stock	0	0
Other investments	3,704	3,704
Equity securities, at lower of cost or realizable value	3,704	3,704
Loans held-for-sale	55,150	59,885
Loans held in portfolio	28,008,363	27,489,583
Mortgage servicing rights	125,358	121,570
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:
FHLB advances	0	0
Unsecured senior debt securities	0	0
Junior subordinated deferrable interest debentures (related to trust preferred securities)	0	0
Notes payable	0	0
Derivatives	0	0
Contingent consideration	9,241	9,241
Fair Value | Level 3 | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	69,897	77,383
Fair Value | Level 3 | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	25	25
Fair Value | Level 3 | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | NAV
Financial Assets:
Cash and due from banks	0	0
Money market investments	0	0
Trading account debt securities, excluding derivatives	0	0
Debt securities available-for-sale	0	0
Debt securities held-to-maturity	0	0
Equity securities:
FHLB stock	0	0
FRB stock	0	0
Other investments	166	77
Equity securities, at lower of cost or realizable value	166	77
Loans held-for-sale	0	0
Loans held in portfolio	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:
FHLB advances	0	0
Unsecured senior debt securities	0	0
Junior subordinated deferrable interest debentures (related to trust preferred securities)	0	0
Notes payable	0	0
Derivatives	0	0
Contingent consideration	0	0
Fair Value | NAV | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | NAV | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	0	0
Fair Value | NAV | Securities in wholly owned statutory business trusts
Financial Assets:
Debt securities held-to-maturity	$ 0	$ 0

Fair Value of financial instr_4

Fair Value of financial instruments- Additional Information (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Letter Of Credit
Commitments and contingencies
Fair Value Disclosure Off balance Sheet Risks Face Amount Asset	$ 35	$ 31
Commitments to extend credit
Commitments and contingencies
Fair Value Disclosure Off balance Sheet Risks Face Amount Asset	$ 9,700	$ 9,500

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	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share, Basic and Diluted [Abstract]
Net income	$ 211,686	$ 262,632
Preferred stock dividends	(353)	(353)
Net income applicable to common stock	$ 211,333	$ 262,279
Average common shares outstanding	78,443,706	83,899,769
Average potential dilutive common shares	151,757	152,166
Average common shares outstanding - assuming dilution	78,595,463	84,051,935
Basic EPS	$ 2.69	$ 3.13
Diluted EPS	$ 2.69	$ 3.12

Net income per common share - A

Net income per common share - Additional Information (Details) - Accelerate share repurchase - USD ($) $ in Millions	2 Months Ended	3 Months Ended
	Mar. 02, 2022	Mar. 31, 2022	Feb. 28, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		1,379,886
Initial shares received as part of an accelerated share repurchase program	3,483,942	3,483,942
Stock repurchase program authorized amount		$ 400	$ 400

Revenue from contracts with c_3

Revenue from contracts with customers - Revenue streams (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Service charges on deposit accounts
Revenue from contract with customer	$ 40,713	$ 39,620
BPPR
Revenue from contract with customer	101,747	93,404
BPPR | Service charges on deposit accounts
Revenue from contract with customer	37,985	36,859
BPPR | Debit card fees
Revenue from contract with customer	11,562	11,342
BPPR | Insurance fees, excluding reinsurance
Revenue from contract with customer	10,038	8,238
BPPR | Credit card fees excluding late fees and membership fees
Revenue from contract with customer	30,222	25,410
BPPR | Sale and administration of investment products
Revenue from contract with customer	5,791	5,540
BPPR | Trust fees
Revenue from contract with customer	6,149	6,015
Popular U.S.
Revenue from contract with customer	4,591	3,853
Popular U.S. | Service charges on deposit accounts
Revenue from contract with customer	2,728	2,761
Popular U.S. | Debit card fees
Revenue from contract with customer	217	235
Popular U.S. | Insurance fees, excluding reinsurance
Revenue from contract with customer	1,322	609
Popular U.S. | Credit card fees excluding late fees and membership fees
Revenue from contract with customer	324	248
Popular U.S. | Sale and administration of investment products
Revenue from contract with customer	0	0
Popular U.S. | Trust fees
Revenue from contract with customer	$ 0	$ 0

Revenue from contracts with c_4

Revenue from contracts with customers - Revenue streams - Parenthetical (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Intersegment Transaction
Revenue From Contract With Customer Excluding Assessed Tax	$ 1.5	$ 0.3

Leases - Future minimum payment

Leases - Future minimum payments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Operating lease liabilities under Topic 842
Operating leases - 2022	$ 22,112
Operating leases - 2023	27,896
Operating leases - 2024	26,483
Operating leases - 2025	23,555
Operating leases - 2026	15,113
Operating leases - later years	47,965
Operating leases - Total	163,124
Less: Imputed interest	(18,640)
Operating lease liabilities	$ 144,484	$ 154,114
Operating Lease Liability Statement Of Financial Position Extensible List	Other liabilities	Other liabilities
Finance lease liabilities under Topic 842
Finance leases - 2022	$ 3,060
Finance leases - 2023	4,167
Finance leases - 2024	4,264
Finance leases - 2025	4,376
Finance leases - 2026	4,025
Finance leases - later years	9,668
Finance leases - Total	29,560
Less: imputed interest	(3,895)
Finance lease liabilities	$ 25,665	$ 19,719
Finance Lease Liability Statement Of Financial Position Extensible List	Other liabilities	Other liabilities

Leases - Lease cost (Details)

Leases - Lease cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Lease Cost [Abstract]
Amortization of ROU assets	$ 759	$ 581
Interest on lease liabilities	308	273
Operating lease cost	7,627	7,055
Short-term lease cost	55	87
Variable lease cost	23	30
Sublease Income	(9)	(19)
Total lease cost	$ 8,763	$ 8,007

Leases - Supplemental cash flow

Leases - Supplemental cash flow information and other related information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating cash flows from operating leases	$ 7,506	$ 15,197
Operating cash flows from finance leases	308	273
Financing cash flows from finance leases	833	1,133
ROU assets obtained in exchange for new lease obligations - Operating leases	$ 1,553	$ 2,394
Weighted average remaining lease term - Operating leases	7 years 7 months 6 days	8 years 2 months 12 days
Weighted average remaining lease term - Finance leases	8 years 8 months 12 days	8 years 10 months 24 days
Weighted average discount rate - Operating leases	2.80%	3.00%
Weighted average discount rate - Finance leases	4.40%	5.10%

Leases - Supplemental cash fl_2

Leases - Supplemental cash flow information and other related information - Subnote (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Branches closure | PB
Lease
Lease termination payment	$ 7.8

Leases - Additional Information

Leases - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)
Leases [Abstract]
Undiscounted contract amount operating leases not yet commenced	$ 15.3
Undiscounted contract amount finance leases not yet commenced	$ 2.2
Minimum
Leases
Remaining lease term of contract	1 month 6 days
Operating lease contract not yet commenced	10 years
Finance lease contract not yet commenced	10 years
Maximum
Leases
Remaining lease term of contract	31 years 9 months 18 days
Lessee remaining lease renewal term	20 years
Operating lease contract not yet commenced	20 years
Finance lease contract not yet commenced	20 years

Pension and postretirement be_3

Pension and postretirement benefits - Components of net periodic benefit cost (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Pension Plans
Personnel costs:
Service cost	$ 0	$ 0
Other operating expenses
Interest cost	4,800	3,998
Expected return on plan assets	(8,847)	(9,670)
Amortization of prior service cost/(credit)	0	0
Amortization of net loss	3,911	4,720
Total net periodic pension cost	(136)	(952)
OPEB Plan
Personnel costs:
Service cost	121	159
Other operating expenses
Interest cost	983	893
Expected return on plan assets	0	0
Amortization of prior service cost/(credit)	0	0
Amortization of net loss	0	470
Total net periodic pension cost	$ 1,104	$ 1,522

Pension and postretirement be_4

Pension and postretirement benefits - Contributions to the benefit plans (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Employer contribution	$ 57
Expected future employer contribution current year	227
OPEB Plan
Defined Benefit Plans and Other Postretirement Benefit Plans
Employer contribution	1,645
Expected future employer contribution current year	$ 5,971

Stock-based compensation - Summ

Stock-based compensation - Summary of incentive plan for members of management (Details) - Performance Based Shares - $ / shares	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Restricted Stock
Non-vested at beginning of period	321,883	358,512
Granted	109,441	191,479
Performance Shares Quantity Adjustment	20,608	54,306
Vested	(169,260)	(273,974)
Forfeited		(8,440)
Non-vested at end of period	282,672	321,883
Weighted-Average Grant Date Fair Value
Non-vested at beginning of period	$ 47.98	$ 41.23
Granted	87.10	69.38
Performance Shares Quantity Adjustment	77.65	54.21
Vested	71.47	55.11
Forfeited		43.48
Non-vested at end of period	$ 51.23	$ 47.98

Stock-based compensation - Su_2

Stock-based compensation - Summary of incentive plan for members of the Board of Directors (Details) - Restricted Stock Units (RSUs) - Directors - $ / shares	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
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	530	524	20,638
Vested	(530)		(20,638)
Forfeited	0		0
Non-vested at end of period	0		0
Weighted-Average Grant Date Fair Value
Non-vested at beginning of period	$ 0	$ 0	$ 0
Granted	82.73		78.20
Vested	82.73		78.20
Forfeited	0		0
Non-vested at end of period	$ 0		$ 0

Stock-based compensation - Addi

Stock-based compensation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Minimum
Stock-based compensation
Vested and expected to vest range based on shareholder return	50.00%
Maximum
Stock-based compensation
Vested and expected to vest range based on shareholder return	150.00%
Restricted Stock Units (RSUs)
Stock-based compensation
Stock-Based Compensation, vesting rights	Unless otherwise stated in an agreement, the compensation cost associated with the shares of restricted stock granted prior to 2021 was determined based on a two-prong vesting schedule. The first part is vested ratably over five or four years commencing at the date of grant (“the graduated vesting portion”) and the second part is vested at termination of employment after attainment of 55 years of age and 10 years of service or 60 years of age and 5 years of service (“the retirement vesting portion”). 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 on the classification of the employee. The vesting schedule 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 Units (RSUs) | Executive Officers
Stock-based compensation
Stock granted	52,584	53,239
Restricted Stock Expense	$ 4,500	$ 3,900
Incentive award, tax benefit	500	$ 500
Fair Market Value of stock vested at vesting date	14,700
Windfall Net Of Shortfall	2,500
Restricted Stock Units (RSUs) | Executive Officers | Share Vesting On Grant Date
Stock-based compensation
Fair Market Value of stock vested at vesting date	$ 8,000
Restricted Stock Units (RSUs) | Directors
Stock-based compensation
Stock granted	530	524	20,638
Restricted Stock Expense	$ 44	$ 29
Incentive award, tax benefit	8	$ 5
Fair Market Value of stock vested at vesting date	44
Performance Based Shares | Executive Officers
Stock-based compensation
Total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management	$ 9,500
Stock granted	56,857	71,374
Restricted Stock Expense	$ 3,700	$ 4,300
Incentive award, tax benefit	$ 300	$ 400
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 (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.
Performance Based Shares | Executive Officers | Weighted Average
Stock-based compensation
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 18 days

Income taxes - Differences betw

Income taxes - Differences between income tax expense (benefit) in Puerto Rico (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Amount
Income tax expense	$ 50,479	$ 76,831
PR
Amount
Computed income tax at statutory rates	98,312	127,299
Net benefit of tax exempt interest income	(36,489)	(34,163)
Deferred tax asset valuation allowance	3,891	10,321
Difference in tax rates due to multiple jurisdictions	(6,493)	(10,948)
Effect of income subject to preferential tax rate	(3,945)	(3,329)
Adjustment due to estimate on the annual effective rate	(6,380)	(10,328)
State and local taxes	3,665	61
Other	(2,082)	(2,082)
Income tax expense	$ 50,479	$ 76,831
% of pre-tax income
Computed income tax at statutory rates	38.00%	38.00%
Net benefit of tax exempt interest income	(14.00%)	(10.00%)
Deferred tax asset valuation allowance	1.00%	3.00%
Difference in tax rates due to multiple jurisdictions	(2.00%)	(3.00%)
Effect of income subject to preferential tax rate	(2.00%)	(1.00%)
Adjustment due to estimate on the annual effective rate	(2.00%)	(3.00%)
State and local taxes	1.00%	0.00%
Others	(1.00%)	(1.00%)
Income tax expense	19.00%	23.00%

Income taxes - Components of de

Income taxes - Components of deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Tax credits available for carryforward	$ 3,042	$ 3,042
Net operating loss and other carryforward available	780,767	777,495
Postretirement and pension benefits	54,701	57,002
Deferred loan origination fees/cost	245	2,788
Allowance for credit losses	259,582	265,372
Deferred gains		1,642
Accelerated depreciation	12,596	12,668
FDIC-assisted transaction	152,665	152,665
Intercompany deferred gains	1,739
Lease liability	54,148	55,105
Unrealized net gain on trading and available-for-sale securities	148,594
Difference in outside basis from pass-through entities	52,251	54,781
Other temporary differences	44,927	46,930
Total gross deferred tax assets	1,565,257	1,429,490
Deferred tax liabilities:
Indefinite-lived intangibles	129,479	127,785
Unrealized net gain (loss) on trading and available-for-sale securities		7,146
Right of use assets	48,413	49,307
Deferred loan origination fees/cost	3,635	3,567
Other temporary differences	45,609	45,386
Total gross deferred tax liabilities	227,136	233,191
Valuation allowance	562,896	539,527
Net deferred tax asset	775,225	656,772
PR
Deferred tax assets:
Tax credits available for carryforward	261	261
Net operating loss and other carryforward available	117,016	112,331
Postretirement and pension benefits	54,701	57,002
Deferred loan origination fees/cost	245	2,788
Allowance for credit losses	228,627	233,500
Deferred gains		1,642
Accelerated depreciation	5,246	5,246
FDIC-assisted transaction	152,665	152,665
Intercompany deferred gains	1,739
Lease liability	31,292	31,211
Unrealized net gain on trading and available-for-sale securities	138,994
Difference in outside basis from pass-through entities	52,251	54,781
Other temporary differences	36,380	38,512
Total gross deferred tax assets	819,417	689,939
Deferred tax liabilities:
Indefinite-lived intangibles	77,467	76,635
Unrealized net gain (loss) on trading and available-for-sale securities		4,329
Right of use assets	29,103	29,025
Deferred loan origination fees/cost	0	0
Other temporary differences	44,079	43,856
Total gross deferred tax liabilities	150,649	153,845
Valuation allowance	132,449	128,557
Net deferred tax asset	536,319	407,537
US
Deferred tax assets:
Tax credits available for carryforward	2,781	2,781
Net operating loss and other carryforward available	663,751	665,164
Postretirement and pension benefits	0	0
Deferred loan origination fees/cost	0	0
Allowance for credit losses	30,955	31,872
Deferred gains		0
Accelerated depreciation	7,350	7,422
FDIC-assisted transaction	0	0
Intercompany deferred gains	0
Lease liability	22,856	23,894
Unrealized net gain on trading and available-for-sale securities	9,600
Difference in outside basis from pass-through entities	0	0
Other temporary differences	8,547	8,418
Total gross deferred tax assets	745,840	739,551
Deferred tax liabilities:
Indefinite-lived intangibles	52,012	51,150
Unrealized net gain (loss) on trading and available-for-sale securities		2,817
Right of use assets	19,310	20,282
Deferred loan origination fees/cost	3,635	3,567
Other temporary differences	1,530	1,530
Total gross deferred tax liabilities	76,487	79,346
Valuation allowance	430,447	410,970
Net deferred tax asset	$ 238,906	$ 249,235

Income taxes - Reconciliation o

Income taxes - Reconciliation of unrecognized tax benefits (Details) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Income Tax Disclosure
Beginning Balance	$ 3.5	$ 14.8	$ 14.8
Ending Balance	$ 3.5	$ 3.5	$ 14.8

Income taxes - Additional Infor

Income taxes - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Income Taxes
Valuation allowance	$ 562,896,000		$ 539,527,000
Net deferred tax assets (net of valuation allowance)	776,243,000		657,597,000
Net deferred tax asset	775,225,000		656,772,000
Unrecognized tax benefits, accrued interest	2,800,000		2,800,000
Recognized Tax Benefits Current Interest On Income Taxes Accrued	83,000	$ 364,000
Accrual for the payment of penalties	0		0
Total amount of unrecognized tax benefits, that if recognized, would affect effective tax rate	5,600,000		5,500,000
Anticipated reduction in the total amount of unrecognized tax benefits within the next 12 months	1,400,000
Income tax expense	50,479,000	76,831,000
Other assets
Income Taxes
Net deferred tax assets (net of valuation allowance)	800,000,000		700,000,000
Other liabilities
Income Taxes
Net deferred tax liabilities	1,000,000		825,000
Popular, Inc Holding Co
Income Taxes
Valuation allowance	132,000,000
PR
Income Taxes
Valuation allowance	132,449,000		128,557,000
Net deferred tax asset	536,319,000		407,537,000
Income tax expense	50,479,000	$ 76,831,000
US
Income Taxes
Valuation allowance	430,447,000		410,970,000
Net deferred tax asset	238,906,000		$ 249,235,000
Deferred Tax Assets	$ 669,000,000

Supplemental disclosure on th_3

Supplemental disclosure on the consolidated statments of cash flows - Non-cash activities (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Non-cash activities:
Loans transferred to other real estate	$ 18,647	$ 2,900
Loans transferred to other property	13,425	13,029
Total loans transferred to foreclosed assets	32,072	15,929
Loans transfered to other assets	2,228	1,156
Financed sales of other real estate assets	2,109	3,206
Financed sales of other foreclosed assets	9,384	9,417
Total financed sales of foreclosed assets	11,493	12,623
Financed sale of premises and equipment	11,738	0
Transfers from loans held-in-portfolio to loans held-for-sale	7,607	38,959
Transfers from loans held-for-sale to loans held-in-portfolio	786	1,136
Loans securitized into investment securities	142,702	188,268
Trades receivables from brokers and counterparties	60,186	70,965
Trades payable to brokers and counterparties	10,710	12,180
Recognition of mortgage servicing rights on securitizations or asset transfers	2,771	3,636
Loans booked under the GNMA buy-back option	4,961	7,393
Capitalization of lease right of use asset	$ 3,689	$ 1,774

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	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Supplemental Cash Flow Information
Cash and due from banks	$ 381,658		$ 489,084
Restricted cash and due from banks	57,490		6,831
Restricted cash in money market investments	6,300		6,110
Total cash and due from banks, and restricted cash	$ 445,448	$ 434,512	$ 502,025	$ 497,094

Segment reporting - Results of

Segment reporting - Results of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Segment Reporting Information
Net Interest income (expense)	$ 494,312	$ 479,112
Provision for credit losses (benefit)	(15,500)	(82,226)
Non-interest Income	154,692	153,653
Amortization of intangibles	891	1,051
Depreciation expense	13,630	14,738
Other operating expenses	387,818	359,739
Income tax expense (benefit)	50,479	76,831
Net income	211,686	262,632
Segment assets	69,525,082	66,870,268	$ 75,097,899
Reportable Segment
Segment Reporting Information
Net Interest income (expense)	501,690	489,494
Provision for credit losses (benefit)	(15,709)	(82,081)
Non-interest Income	141,679	140,736
Amortization of intangibles	891	1,027
Depreciation expense	13,341	14,471
Other operating expenses	388,381	359,978
Income tax expense (benefit)	50,908	76,848
Net income	205,557	259,987
Segment assets	69,120,175	66,506,939
Intersegment Elimination
Segment Reporting Information
Net Interest income (expense)	1	2
Provision for credit losses (benefit)	0	0
Non-interest Income	(137)	(138)
Amortization of intangibles	0	0
Depreciation expense	0	0
Other operating expenses	(136)	(136)
Income tax expense (benefit)	0	0
Net income	0	0
Segment assets	(167,754)	(41,613)
Corporate
Segment Reporting Information
Net Interest income (expense)	(7,378)	(10,382)
Provision for credit losses (benefit)	209	(145)
Non-interest Income	14,265	13,150
Amortization of intangibles	0	24
Depreciation expense	289	267
Other operating expenses	444	670
Income tax expense (benefit)	(332)	(333)
Net income	6,277	2,285
Segment assets	5,490,318	5,193,058
Eliminations
Segment Reporting Information
Net Interest income (expense)	0	0
Provision for credit losses (benefit)	0	0
Non-interest Income	(1,252)	(233)
Amortization of intangibles	0	0
Depreciation expense	0	0
Other operating expenses	(1,007)	(909)
Income tax expense (benefit)	(97)	316
Net income	(148)	360
Segment assets	(5,085,411)	(4,829,729)
Banco Popular de Puerto Rico | Reportable Segment
Segment Reporting Information
Net Interest income (expense)	415,169	410,323
Provision for credit losses (benefit)	(13,690)	(45,361)
Non-interest Income	135,862	135,208
Amortization of intangibles	484	861
Depreciation expense	11,517	12,143
Other operating expenses	334,878	306,920
Income tax expense (benefit)	39,316	58,813
Net income	178,526	212,155
Segment assets	58,708,519	55,990,801
PB | Reportable Segment
Segment Reporting Information
Net Interest income (expense)	86,520	79,169
Provision for credit losses (benefit)	(2,019)	(36,720)
Non-interest Income	5,954	5,666
Amortization of intangibles	407	166
Depreciation expense	1,824	2,328
Other operating expenses	53,639	53,194
Income tax expense (benefit)	11,592	18,035
Net income	27,031	47,832
Segment assets	$ 10,579,410	$ 10,557,751

Segment reporting - Geographic

Segment reporting - Geographic information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Segment Reporting Information
Net Revenue	$ 649,004	$ 632,765
PR
Segment Reporting Information
Net Revenue	527,673	518,709
US
Segment Reporting Information
Net Revenue	103,174	96,012
Other
Segment Reporting Information
Net Revenue	$ 18,157	$ 18,044

Segment reporting - Selected Ba

Segment reporting - Selected Balance Sheet information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Segment Reporting Information
Assets	$ 69,525,082	$ 75,097,899	$ 66,870,268
Deposits	62,862,295	67,005,088
Puerto Rico
Segment Reporting Information
Assets	56,904,970	63,221,282
Loans	19,823,507	19,770,118
Deposits	53,004,727	57,211,608
Popular U.S.
Segment Reporting Information
Assets	11,234,624	10,986,055
Loans	9,201,713	8,903,493
Deposits	7,843,062	7,777,232
Other
Segment Reporting Information
Assets	1,385,488	890,562
Loans	618,120	626,115
Deposits	$ 2,014,506	$ 2,016,248

Segment Reporting - Additional

Segment Reporting - Additional Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)units	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
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	$ 649,004	$ 632,765
Assets	69,525,082	66,870,268	$ 75,097,899
US
Segment Reporting Information
Net Revenue	103,174	96,012
Assets	11,234,624		10,986,055
Other
Segment Reporting Information
Net Revenue	18,157	18,044
Assets	1,385,488		890,562
Banco Popular de Puerto Rico | US
Segment Reporting Information
Net Revenue	12,000	12,700
Assets	700,000		$ 589,000
Banco Popular de Puerto Rico | Other
Segment Reporting Information
Net Revenue	$ 10,800	$ 11,600