Popular (BPOP) 10-Q 9 Aug 22 2022 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2022	Aug. 05, 2022
Cover [Abstract]
Document Type	10-Q
Document quarterly report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
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		75,010,821
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	Jun. 30, 2022	Dec. 31, 2021
Assets:
Cash and due from banks	$ 528,590	$ 428,433
Money market investments:
Time deposits with other banks	9,687,356	17,536,719
Total money market investments	9,687,356	17,536,719
Trading account debt securities, at fair value:
Other trading account debt securities	32,317	29,711
Debt securities available-for-sale, at fair value:
Pledged securities with creditors' right to repledge	71,660	93,330
Other debt securities available-for-sale	26,194,591	24,874,939
Debt securities held-to-maturity, at amortized cost (fair value 2022 - $1,649,561; 2021 - $83,368)	1,664,015	79,461
Less - Allowance for credit losses	7,495	8,096
Debt securities held-to-maturity, net	1,656,520	71,365
Equity securities (realizable value 2022 - $176,697; 2021 - $192,345)	175,870	189,977
Loans held-for-sale, at lower of cost or fair value	28,546	59,168
Loans held-in-portfolio	30,643,443	29,506,225
Less - Unearned income	272,507	265,668
Allowance for credit losses	681,750	695,366
Total loans held-in-portfolio, net	29,689,186	28,545,191
Premises and equipment, net	490,152	494,240
Other real estate	92,137	85,077
Accrued income receivable	216,780	203,096
Mortgage servicing rights, at fair value	129,877	121,570
Other assets	1,773,523	1,628,571
Goodwill	720,293	720,293
Other intangible assets	14,533	16,219
Total assets	71,501,931	75,097,899
Deposits:
Non-interest bearing	16,663,259	15,684,482
Interest bearing	48,664,405	51,320,606
Total deposits	65,327,664	67,005,088
Assets sold under agreements to repurchase	70,925	91,603
Other short-term borrowings	0	75,000
Notes payable	888,210	988,563
Other liabilities	921,783	968,248
Total liabilities	67,208,582	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;104,614,108 shares issued (2021 - 104,579,334) and 76,576,397 shares outstanding (2021 - 79,851,169)	1,046	1,046
Surplus	4,576,478	4,650,182
Retained earnings	3,311,951	2,973,745
Treasury stock - at cost, 28,037,711 shares (2021 - 24,728,165)	(1,665,253)	(1,352,650)
Accumulated other comprehensive loss, net of tax	(1,953,016)	(325,069)
Total stockholders' equity	4,293,349	5,969,397
Total liabilities and stockholders' equity	$ 71,501,931	$ 75,097,899

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF CONDITION (PARENTHETICAL) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Held to maturity securities fair value	$ 1,649,561	$ 83,368
Realizable Value Of Equity Securities	$ 176,697	$ 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	104,614,108	104,579,334
Common Stock Shares Outstanding	76,576,397	79,851,169
Treasury stock	28,037,711	24,728,165

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest income:
Loans	$ 446,245	$ 433,781	$ 873,036	$ 868,430
Money market investments	23,742	4,274	30,206	7,386
Investment securities	101,774	91,706	198,240	177,396
Total interest income	571,761	529,761	1,101,482	1,053,212
Interest expense:
Deposits	27,827	28,060	52,610	58,261
Short-term borrowings	248	62	328	205
Long-term debt	9,824	13,837	20,370	27,832
Total interest expense	37,899	41,959	73,308	86,298
Net interest income	533,862	487,802	1,028,174	966,914
Provision for credit losses (benefit)	9,362	(17,015)	(6,138)	(99,241)
Net interest income after provision for credit losses (benefit)	524,500	504,817	1,034,312	1,066,155
Non-interest income:
Mortgage banking activities	13,575	7,448	26,440	24,791
Net (loss) gain, including impairment, on equity securities	(4,109)	1,565	(6,203)	1,986
Net gain (loss) on trading account debt securities	51	(47)	(672)	(92)
Net loss on sale of loans, including valuation adjustments on loans held-for-sale	0	(73)	0	(73)
Adjustments (expense) to indemnity reserves on loans sold	170	1,668	(575)	970
Other operating income	24,464	27,444	52,006	53,828
Total non-interest income	157,411	154,540	312,103	308,193
Operating expenses:
Personnel costs	168,788	154,204	335,784	313,683
Net occupancy expenses	26,214	24,562	50,937	50,575
Equipment expenses	25,088	22,805	48,567	44,380
Other taxes	15,780	13,205	31,495	27,164
Professional fees	114,872	101,153	223,369	201,101
Communications	5,993	6,005	12,140	12,838
Business promotion	21,353	16,511	36,436	29,032
FDIC deposit insurance	6,463	5,742	13,835	11,710
Other real estate owned (OREO) income	(7,806)	(4,299)	(10,519)	(8,832)
Other operating expenses	28,738	27,042	64,887	59,756
Amortization of intangibles	795	1,255	1,686	2,306
Total operating expenses	406,278	368,185	808,617	743,713
Income before income tax	275,633	291,172	537,798	630,635
Income tax expense	64,212	73,093	114,691	149,924
Net Income	211,421	218,079	423,107	480,711
Net Income Applicable to Common Stock	$ 211,068	$ 217,726	$ 422,401	$ 480,005
Net Income per Common Share - Basic	$ 2.77	$ 2.67	$ 5.46	$ 5.80
Net Income per Common Share - Diluted	$ 2.77	$ 2.66	$ 5.46	$ 5.79
Service charges on deposit accounts
Non-interest income:
Revenue from contract with customer	$ 41,809	$ 40,153	$ 82,522	$ 79,773
Other services
Non-interest income:
Revenue from contract with customer	$ 81,451	$ 76,382	$ 158,585	$ 147,010

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Income and Comprehensive Income
Net income	$ 211,421	$ 218,079	$ 423,107	$ 480,711
Other comprehensive (loss) income before tax:
Foreign currency translation adjustment	5,998	2,726	3,140	3,295
Adjustment of pension and postretirement benefit plans	0	0	2,030	0
Amortization of net losses of pension and postretirement benefit plans	3,911	5,189	7,822	10,379
Unrealized holding (losses) gains on debt securities arising during the period	(620,597)	76,913	(1,839,620)	(320,414)
Unrealized net (losses) gains on cash flow hedges	(377)	(602)	3,511	1,621
Reclassification adjustment for net (gains) losses included in net income	(880)	280	(1,579)	189
Other comprehensive (loss) income before tax	(611,945)	84,506	(1,824,696)	(304,930)
Income tax benefit (expense)	56,167	(5,459)	196,749	19,248
Total other comprehensive (loss) income, net of tax	(555,778)	79,047	(1,627,947)	(285,682)
Comprehensive (loss) income, net of tax	$ (344,357)	$ 297,126	$ (1,204,840)	$ 195,029

TAX EFFECT ALLOCATED TO EACH CO

TAX EFFECT ALLOCATED TO EACH COMPONENT OF OTHER COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Income and Comprehensive Income
Adjustment of pension and postretirement benefit plans	$ 0	$ 0	$ (761)	$ 0
Amortization of net losses of pension and postretirement benefit plans	(1,467)	(1,947)	(2,934)	(3,895)
Unrealized holding (losses) gains on debt securities arising during the period	57,177	(3,886)	200,370	23,496
Unrealized net (losses) gains on cash flow hedges	45	372	(704)	(494)
Reclassification adjustment for net (gains) losses included in net income	412	2	778	141
Income tax benefit (expense)	$ 56,167	$ (5,459)	$ 196,749	$ 19,248

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		480,711					480,711
Issuance of stock		2,226				2,226
Dividends declared:
Common stock	[2]	(70,048)	[1]				(70,048)
Preferred stock		(706)					(706)
Common stock purchases	[3]	(355,307)				(70,000)			(285,307)
Stock based compensation		14,733				2,899			11,834
Other comprehensive loss, net of tax		(285,682)								(285,682)
Ending balance at Jun. 30, 2021		5,814,614		1,045	22,143	4,506,659	2,670,885		(1,290,427)	(95,691)
Beginning balance at Mar. 31, 2021		5,897,559		1,045	22,143	4,571,919	2,489,453		(1,012,263)	(174,738)
Increase Decrease In Stockholders Equity
Net income		218,079					218,079
Issuance of stock		1,108				1,108
Dividends declared:
Common stock	[1]	(36,294)					(36,294)
Preferred stock		(353)					(353)
Common stock purchases	[3]	(351,365)				(70,000)			(281,365)
Stock based compensation		6,833				3,632			3,201
Other comprehensive loss, net of tax		79,047								79,047
Ending balance at Jun. 30, 2021		5,814,614		1,045	22,143	4,506,659	2,670,885		(1,290,427)	(95,691)
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		423,107					423,107
Issuance of stock		2,735				2,735
Dividends declared:
Common stock		(84,195)					(84,195)
Preferred stock		(706)					(706)
Common stock purchases	[4]	(406,295)				(80,000)			(326,295)
Stock based compensation		17,253				3,561			13,692
Other comprehensive loss, net of tax		(1,627,947)								(1,627,947)
Ending balance at Jun. 30, 2022		4,293,349		1,046	22,143	4,576,478	3,311,951		(1,665,253)	(1,953,016)
Beginning balance at Mar. 31, 2022		4,671,246		1,046	22,143	4,571,111	3,143,004		(1,668,820)	(1,397,238)
Increase Decrease In Stockholders Equity
Net income		211,421					211,421
Issuance of stock		1,536				1,536
Dividends declared:
Common stock	[1]	(42,121)					(42,121)	[2]
Preferred stock		(353)					(353)
Common stock purchases		(1,375)							(1,375)
Stock based compensation		8,773				3,831			4,942
Other comprehensive loss, net of tax		(555,778)								(555,778)
Ending balance at Jun. 30, 2022		$ 4,293,349		$ 1,046	$ 22,143	$ 4,576,478	$ 3,311,951		$ (1,665,253)	$ (1,953,016)
[1] Dividends declared per common share during the quarter ended June 30, 2022 - $ 0.55 (2021 - $ 0.45). Dividends declared per common share during the six months ended June 30, 2022 - $ 1.10 (2021 - $ 0.85). During the six month ended June 30, 2021, the Corporation entered into a $ 350 million accelerated share repurchase transaction with respect to its common stock, which was accounted for as a treasury stock transaction. Refer to Note 17 for additional information. During the six month ended June 30, 2022, the Corporation entered into a $ 400 million accelerated share repurchase transaction with respect to its common stock, which was accounted for as a treasury stock transaction. Refer to Note 17 for additional information.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 02, 2022	May 03, 2021
Dividends Declared per Common Share	$ 0.55	$ 0.45	$ 1.10	$ 0.85
Accelerate share repurchase
Stock Repurchase Program Authorized Amount	$ 400,000,000	$ 350,000,000	$ 400,000,000	$ 350,000,000	$ 400,000,000	$ 350,000,000

DISCLOSURE OF CHANGES IN NUMBER

DISCLOSURE OF CHANGES IN NUMBER OF SHARES - shares	6 Months Ended
	Jun. 30, 2022	Jun. 30, 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	34,774	37,576
Common stock - balance at end of period	104,614,108	104,545,866
Treasury stock	(28,037,711)	(23,889,386)
Common stock shares outstanding	76,576,397	80,656,480

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income	$ 423,107	$ 480,711
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses (benefit)	(6,138)	(99,241)
Amortization of intangibles	1,686	2,306
Depreciation and amortization of premises and equipment	27,354	28,408
Net accretion of discounts and amortization of premiums and deferred fees	39,614	(17,234)
Interest capitalized on loans subject to the temporary payment moratorium or loss mitigation alternatives	(6,210)	(8,330)
Share-based compensation	13,175	14,609
Impairment losses on right-of-use and long-lived assets	0	303
Fair value adjustments on mortgage servicing rights	(3,275)	5,727
Adjustments to indemnity reserves on loans sold	575	(970)
Earnings from investments under the equity method, net of dividends or distributions	(12,616)	(21,689)
Deferred income tax expense	37,322	125,228
(Loss) gain on:
Disposition of premises and equipment and other productive assets	(2,970)	(8,674)
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities	1,498	(10,106)
Sale of foreclosed assets, including write-downs	(18,694)	(16,126)
Acquisitions of loans held-for-sale	(103,192)	(122,806)
Proceeds from sale of loans held-for-sale	36,073	54,262
Net originations on loans held-for-sale	(158,691)	(284,298)
Net decrease (increase) in:
Trading debt securities	273,265	369,194
Equity securities	2,257	(5,191)
Accrued income receivable	(13,702)	5,818
Other assets	10,157	(7,729)
Net (decrease) increase in:
Interest payable	(212)	(3,878)
Pension and other postretirement benefits obligation	(1,411)	(1,954)
Other liabilities	(47,640)	930
Total adjustments	68,225	(1,441)
Net cash provided by operating activities	491,332	479,270
Cash flows from investing activities:
Net decrease (increase) in money market investments	7,850,071	(6,161,953)
Purchases of investment securities:
Available-for-sale	(8,819,124)	(7,568,621)
Held-to-maturity	(1,588,283)	0
Equity	(5,500)	(10,590)
Proceeds from calls, paydowns, maturities and redemptions of investment securities:
Available-for-sale	5,619,609	5,672,695
Held-to-maturity	5,491	4,999
Proceeds from sale of investment securities:
Equity	17,350	2,500
Net (disbursements) repayments on loans	(893,126)	422,509
Proceeds from sale of loans	43,353	51,032
Acquisition of loan portfolios	(288,589)	(150,116)
Payments to acquire other intangible	0	(1,185)
Return of capital from equity method investments	0	2,438
Acquisition of premises and equipment	(39,695)	(36,481)
Proceeds from sale of:
Premises and equipment and other productive assets	1,975	8,185
Foreclosed assets	54,997	49,271
Net cash provided by (used in) investing activities	1,958,529	(7,715,317)
Net (decrease) increase in:
Deposits	(1,668,448)	7,778,119
Assets sold under agreements to repurchase	(20,678)	(30,377)
Other short-term borrowings	(75,000)	0
Payment of notes payable	(101,000)	(49,009)
Principal payments of finance leases	(1,592)	(1,692)
Proceeds from issuance of common stock	2,735	2,226
Dividends paid	(78,718)	(68,161)
Net payments for repurchase of common stock	(400,704)	(350,409)
Payments related to tax witholding for share-based compensation	(5,591)	(4,898)
Net cash (used in) provided by financing activities	(2,348,996)	7,275,799
Net increase in cash and due from banks, and restricted cash	100,865	39,752
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	$ 535,377	$ 536,846

Nature of operations

Nature of operations	6 Months Ended
	Jun. 30, 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 a wholly-owned subsidiary of PB.

Basis of presentation

Basis of presentation	6 Months Ended
	Jun. 30, 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	6 Months Ended
	Jun. 30, 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 2022-03, Fair Value Measurement (Topic 820) Fair Value Measurement of Equity Securities Subject to Contractual Sale Restriction The FASB issued ASU 2022-03 in June 2022, which clarifies that a contractual restriction that prohibits the sale of an equity security is not considered part of the unit of account of the equity security, therefore, is not considered in measuring its fair value. The ASU also provides enhanced disclosures for equity securities subject to a contractual sale restriction. January 1, 2024 The Corporation is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements and presentation and disclosures. 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 troubled debt restructurings (“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 consolidated financial statements and 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	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 2022, the Corporation held $ 84 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	6 Months Ended
	Jun. 30, 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 June 30, 2022 and December 31, 2021 At June 30, 2022 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 3,846,972 $ 862 $ 14,196 $ 3,833,638 1.40 % After 1 to 5 years 11,863,562 21 593,726 11,269,857 1.28 After 5 to 10 years 4,115,435 - 378,448 3,736,987 1.36 Total U.S. Treasury securities 19,825,969 883 986,370 18,840,482 1.32 Obligations of U.S. Government sponsored entities Within 1 year 70 - - 70 5.51 Total obligations of U.S. Government sponsored entities 70 - - 70 5.51 Collateralized mortgage obligations - federal agencies After 1 to 5 years 1,725 - 27 1,698 2.20 After 5 to 10 years 44,777 2 1,484 43,295 1.65 After 10 years 134,231 312 6,752 127,791 2.24 Total collateralized mortgage obligations - federal agencies 180,733 314 8,263 172,784 2.09 Mortgage-backed securities Within 1 year 3 - - 3 5.62 After 1 to 5 years 59,826 150 991 58,985 2.21 After 5 to 10 years 836,020 136 26,286 809,870 2.09 After 10 years 7,297,573 4,002 918,113 6,383,462 1.60 Total mortgage-backed securities 8,193,422 4,288 945,390 7,252,320 1.66 Other After 1 to 5 years 595 - - 595 3.10 Total other 595 - - 595 3.10 Total debt securities available-for-sale [1] $ 28,200,789 $ 5,485 $ 1,940,023 $ 26,266,251 1.42 % [1] Includes $ 20.7 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 $ 19.5 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. Securities not due on a single contractual maturity date, such as mortgage-backed securities and collateralized mortgage obligations, are classified based on 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. No debt securities available-for-sale were sold during the six months ended June 30, 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 June 30, 2022 and December 31, 2021 . At June 30, 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 $ 15,450,643 $ 945,084 $ 664,811 $ 41,286 $ 16,115,454 $ 986,370 Collateralized mortgage obligations - federal agencies 148,922 8,166 852 97 149,774 8,263 Mortgage-backed securities 2,972,601 218,959 4,176,733 726,431 7,149,334 945,390 Total debt securities available-for-sale in an unrealized loss position $ 18,572,166 $ 1,172,209 $ 4,842,396 $ 767,814 $ 23,414,562 $ 1,940,023 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 June 30, 2022, the portfolio of available-for-sale debt securities reflects gross unrealized losses of approximately $ 1.9 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 debt 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	6 Months Ended
	Jun. 30, 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 June 30, 2022 and December 31, 2021. At June 30, 2022 Allowance Gross Gross Weighted Amortized for Credit Net of unrealized unrealized Fair average (In thousands) cost Losses Allowance gains losses value yield U.S. Treasury securities Within 1 year $ 98,743 $ - $ 98,743 $ 116 $ - $ 98,859 3.03 % After 1 to 5 years 1,490,003 - 1,490,003 - 11,276 1,478,727 2.64 Total U.S. Treasury securities 1,588,746 - 1,588,746 116 11,276 1,577,586 2.67 Obligations of Puerto Rico, States and political subdivisions Within 1 year 4,440 7 4,433 7 1 4,439 6.10 After 1 to 5 years 13,045 168 12,877 168 - 13,045 6.28 After 5 to 10 years 9,530 110 9,420 27 112 9,335 1.40 After 10 years 42,270 7,210 35,060 5,762 1,650 39,172 1.46 Total obligations of Puerto Rico, States and political subdivisions 69,285 7,495 61,790 5,964 1,763 65,991 2.66 Collateralized mortgage obligations - federal agencies After 1 to 5 years 24 - 24 - - 24 6.44 Total collateralized mortgage obligations - federal agencies 24 - 24 - - 24 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 $ 1,664,015 $ 7,495 $ 1,656,520 $ 6,080 $ 13,039 $ 1,649,561 2.68 % 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. As discussed in Note 2 to the Consolidated Financial Statements included in Form 10-K for the year ended December 31, 2021, U.S. Treasury securities carry an explicit 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. At June 30, 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 June 30, 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 June 30, 2022, the portfolio of “Obligations of Puerto Rico, States and political subdivisions” also includes $ 42 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 June 30, 2022, the average refreshed FICO score for the representative sample, comprised of 64% of the nominal value of the securities, used for the loss estimate was of 707 (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 June 30, 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 June 30, 2022 and June 30, 2021: For the quarters ended June 30, 2022 2021 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 7,844 $ 10,096 Provision for credit losses (benefit) ( 349) 118 Securities charged-off - - Recoveries - - Ending balance $ 7,495 $ 10,214 For the six months ended June 30, 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) ( 601) ( 47) Securities charged-off - - Recoveries - - Ending balance $ 7,495 $ 10,214 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 $ 7.2 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	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2022 , the Corporation recorded purchases (including repurchases) of mortgage loans amounting to $ 71 million and $ 153 million, respectively, including $ 1 million and $ 4 million in PCD loans, respectively, and consumer loans of $ 123 million and $ 214 million, respectively. During the quarter and six months ended June 30, 2022 , the Corporation recorded purchases of $ 23 million in commercial loans. During the quarter and six months ended June 30, 2021 , the Corporation recorded purchases (including repurchases) of mortgage loans amounting to $ 94 million and $ 220 million, respectively, including $ 5 million and $ 12 million in PCD loans, respectively, and commercial loans of $ 28 million and $ 49 million, respectively. The Corporation performed whole-loan sales involving approximately $ 14 million and $ 33 million of residential mortgage loans during the quarter and six months ended June 30, 2022, respectively (June 30, 2021 - $ 19 million and $ 85 million, respectively). During the quarter and six months ended June 30, 2022 , the Corporation performed sales of commercial loans, including loan participations amounting to $ 43 million (June 30, 2021 - $ 2 million and $ 9 million, respectively). Also, the Corporation securitized approximately $ 77 million and $ 155 million of mortgage loans into Government National Mortgage Association (“GNMA”) mortgage-backed securities during the quarter and six months ended June 30, 2022 , respectively ( June 30, 2021 - $ 107 million and $ 209 million, respectively). Furthermore, the Corporation securitized approximately $ 38 million and $ 95 million of mortgage loans into Federal National Mortgage Association (“FNMA”) mortgage-backed securities during the quarter and six months ended June 30, 2022 , respectively ( June 30, 2021 - $ 73 million and $ 159 million, respectively). Also, the Corporation securitized approximately $ 1 million and $ 9 million of mortgage loans into Federal Home Loan Mortgage Corporation (“FHLMC”) mortgage-backed securities during the quarter and six months ended June 30, 2022, respectively ( June 30, 2021 - $ 14 million for the quarter and six months ended ). 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 June 30, 2022 and December 31, 2021. June 30, 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 $ 1,992 $ - $ 254 $ 2,246 $ 234,308 $ 236,554 $ 254 $ - Commercial real estate: Non-owner occupied 1,379 110 20,435 21,924 2,630,194 2,652,118 20,435 - Owner occupied 4,894 2,860 32,155 39,909 1,366,840 1,406,749 32,155 - Commercial and industrial 2,534 1,526 44,176 48,236 3,472,447 3,520,683 43,649 527 Construction 498 - - 498 161,864 162,362 - - Mortgage 211,483 82,898 681,757 976,138 5,065,785 6,041,923 284,670 397,087 Leasing 9,970 2,164 4,665 16,799 1,463,423 1,480,222 4,665 - Consumer: Credit cards 5,785 4,142 8,896 18,823 947,876 966,699 - 8,896 Home equity lines of credit - - - - 3,122 3,122 - - Personal 11,216 6,043 19,045 36,304 1,351,796 1,388,100 19,045 - Auto 56,577 13,815 28,045 98,437 3,391,539 3,489,976 28,045 - Other 242 131 12,125 12,498 120,651 133,149 11,913 212 Total $ 306,570 $ 113,689 $ 851,553 $ 1,271,812 $ 20,209,845 $ 21,481,657 $ 444,831 $ 406,722 June 30, 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 $ - $ 187 $ 280 $ 467 $ 1,895,352 $ 1,895,819 $ 280 $ - Commercial real estate: Non-owner occupied 288 - - 288 1,467,935 1,468,223 - - Owner occupied 144 - 1,416 1,560 1,465,252 1,466,812 1,416 - Commercial and industrial 9,278 2,037 6,326 17,641 1,880,702 1,898,343 5,750 576 Construction - 7,000 - 7,000 621,558 628,558 - - Mortgage 1,561 3,587 20,192 25,340 1,194,692 1,220,032 20,192 - Consumer: Credit cards - - - - 47 47 - - Home equity lines of credit 303 16 4,705 5,024 66,431 71,455 4,705 - Personal 755 470 749 1,974 232,339 234,313 749 - Other - 13 1 14 5,663 5,677 1 - Total $ 12,329 $ 13,310 $ 33,669 $ 59,308 $ 8,829,971 $ 8,889,279 $ 33,093 $ 576 June 30, 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 $ 1,992 $ 187 $ 534 $ 2,713 $ 2,129,660 $ 2,132,373 $ 534 $ - Commercial real estate: Non-owner occupied 1,667 110 20,435 22,212 4,098,129 4,120,341 20,435 - Owner occupied 5,038 2,860 33,571 41,469 2,832,092 2,873,561 33,571 - Commercial and industrial 11,812 3,563 50,502 65,877 5,353,149 5,419,026 49,399 1,103 Construction 498 7,000 - 7,498 783,422 790,920 - - Mortgage [1] 213,044 86,485 701,949 1,001,478 6,260,477 7,261,955 304,862 397,087 Leasing 9,970 2,164 4,665 16,799 1,463,423 1,480,222 4,665 - Consumer: Credit cards 5,785 4,142 8,896 18,823 947,923 966,746 - 8,896 Home equity lines of credit 303 16 4,705 5,024 69,553 74,577 4,705 - Personal 11,971 6,513 19,794 38,278 1,584,135 1,622,413 19,794 - Auto 56,577 13,815 28,045 98,437 3,391,539 3,489,976 28,045 - Other 242 144 12,126 12,512 126,314 138,826 11,914 212 Total $ 318,899 $ 126,999 $ 885,222 $ 1,331,120 $ 29,039,816 $ 30,370,936 $ 477,924 $ 407,298 [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 $ 11 million at June 30, 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 $ 237 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of June 30, 2022. Furthermore, the Corporation has approximately $ 43 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 $ 273 million in unearned income and exclude $ 29 million in loans held-for-sale. [3] Includes $ 6.8 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 3.1 billion were pledged at the Federal Home Loan Bank ("FHLB") as collateral for borrowings and $ 1.8 billion at the Federal Reserve Bank ("FRB") for discount window borrowings and $ 1.9 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 June 30, 2022, mortgage loans held-in-portfolio include $ 1.9 billion (December 31, 2021 - $ 1.9 billion) of loans insured by the FHA, or guaranteed by the VA of which $ 0.4 billion (December 31, 2021 - $ 0.5 billion) are 90 days or more past due. These balances include $ 724 million in loans modified under a TDR (December 31, 2021 - $ 716 million), that are presented as accruing loans. The portfolio of guaranteed loans includes $ 237 million of residential mortgage loans in Puerto Rico that are no longer accruing interest as of June 30, 2022 (December 31, 2021 - $ 304 million). The Corporation has approximately $ 43 million in reverse mortgage loans in Puerto Rico which are guaranteed by FHA, but which are currently not accruing interest at June 30, 2022 (December 31, 2021 - $ 50 million). Loans with a delinquency status of 90 days past due as of June 30, 2022 include $ 11 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 June 30, 2022 and 2021 by class of loans: June 30, 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 $ - $ 254 $ - $ 280 $ - $ 534 Commercial real estate non-owner occupied 15,463 4,972 - - 15,463 4,972 Commercial real estate owner occupied 9,528 22,627 - 1,416 9,528 24,043 Commercial and industrial 24,748 18,901 - 5,750 24,748 24,651 Mortgage 146,322 138,348 20 20,172 146,342 158,520 Leasing 354 4,311 - - 354 4,311 Consumer: HELOCs - - - 4,705 - 4,705 Personal 5,330 13,715 - 749 5,330 14,464 Auto 1,041 27,004 - - 1,041 27,004 Other 263 11,650 - 1 263 11,651 Total $ 203,049 $ 241,782 $ 20 $ 33,073 $ 203,069 $ 274,855 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 June 30, 2022 include $ 203 million in collateral dependent loans (December 31, 2021 - $ 237 million). The Corporation recognized $ 3 million in interest income on non-accrual loans during the six months ended June 30, 2022 (June 30, 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 June 30, 2022 and December 31, 2021: June 30, 2022 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total Puerto Rico Commercial multi-family $ 1,355 $ - $ - $ - $ - $ 1,355 Commercial real estate: Non-owner occupied 212,029 - - - - 212,029 Owner occupied 24,864 - - - - 24,864 Commercial and industrial 1,425 - 549 10,164 29,486 41,624 Mortgage 159,293 - - - - 159,293 Leasing - 892 6 - - 898 Consumer: Personal 6,114 - - - - 6,114 Auto - 8,539 - - - 8,539 Other - - - - 263 263 Total Puerto Rico $ 405,080 $ 9,431 $ 555 $ 10,164 $ 29,749 $ 454,979 Popular U.S. Mortgage $ 921 $ - $ - $ - $ - $ 921 Total Popular U.S. $ 921 $ - $ - $ - $ - $ 921 Popular, Inc. Commercial multi-family $ 1,355 $ - $ - $ - $ - $ 1,355 Commercial real estate: Non-owner occupied 212,029 - - - - 212,029 Owner occupied 24,864 - - - - 24,864 Commercial and industrial 1,425 - 549 10,164 29,486 41,624 Mortgage 160,214 - - - - 160,214 Leasing - 892 6 - - 898 Consumer: Personal 6,114 - - - - 6,114 Auto - 8,539 - - - 8,539 Other - - - - 263 263 Total Popular, Inc. $ 406,001 $ 9,431 $ 555 $ 10,164 $ 29,749 $ 455,900 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 and six months ended June 30, 2022 and 2021 , 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) For the quarter ended June 30, 2022 For the six months ended June 30, 2022 Purchase price of loans at acquisition $ 591 $ 2,593 Allowance for credit losses at acquisition 170 782 Non-credit discount / (premium) at acquisition 26 125 Par value of acquired loans at acquisition $ 787 $ 3,500 (In thousands) For the quarter ended June 30, 2021 For the six months ended June 30, 2021 Purchase price of loans at acquisition $ 4,049 $ 8,984 Allowance for credit losses at acquisition 1,202 2,558 Non-credit discount / (premium) at acquisition 214 335 Par value of acquired loans at acquisition $ 5,465 $ 11,877

Allowance for credit losses - l

Allowance for credit losses - loans held-in-portfolio	6 Months Ended
	Jun. 30, 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 June 30, 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. Annualized 2022 GDP growth of 2.8% is expected for both Puerto Rico and the United States, compared to 3.5% and 3.7%, respectively, in the previous quarter. Changes in assumptions related to fiscal stimulus, higher energy prices and tighter financial market conditions contributed to the reduction. The 2022 average unemployment rate is forecasted at 6.9% and 3.5% for Puerto Rico and the United States, respectively, improving from 7.3% and 3.6%, respectively, in the previous forecast. The following tables present the changes in the ACL of loans held-in-portfolio and unfunded commitments for the quarters and six months ended June 30, 2022 and 2021. For the quarter ended June 30, 2022 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 145,471 $ 2,414 $ 131,362 $ 18,398 $ 278,966 $ 576,611 Provision for credit losses (benefit) 4,664 265 ( 5,953) 1,306 8,846 9,128 Initial allowance for credit losses - PCD Loans - - 170 - - 170 Charge-offs ( 1,322) - ( 1,367) ( 1,496) ( 21,779) ( 25,964) Recoveries 4,734 395 5,818 829 8,856 20,632 Ending balance $ 153,547 $ 3,074 $ 130,030 $ 19,037 $ 274,889 $ 580,577 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,647 $ 1,924 $ - $ - $ - $ 3,571 Provision for credit losses (benefit) 385 ( 390) - - - ( 5) Ending balance - unfunded commitments [1] $ 2,032 $ 1,534 $ - $ - $ - $ 3,566 [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 June 30, 2022 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 59,172 $ 4,125 $ 17,844 $ 20,040 $ 101,181 Provision for credit losses (benefit) ( 2,952) ( 290) 494 3,481 733 Charge-offs ( 397) - ( 68) ( 1,328) ( 1,793) Recoveries 260 4 5 783 1,052 Ending balance $ 56,083 $ 3,839 $ 18,275 $ 22,976 $ 101,173 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,318 $ 2,135 $ - $ 30 $ 3,483 Provision for credit losses (benefit) ( 1) ( 174) - 30 ( 145) Ending balance - unfunded commitments [1] $ 1,317 $ 1,961 $ - $ 60 $ 3,338 [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 June 30, 2022 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 204,643 $ 6,539 $ 149,206 $ 18,398 $ 299,006 $ 677,792 Provision for credit losses (benefit) 1,712 ( 25) ( 5,459) 1,306 12,327 9,861 Initial allowance for credit losses - PCD Loans - - 170 - - 170 Charge-offs ( 1,719) - ( 1,435) ( 1,496) ( 23,107) ( 27,757) Recoveries 4,994 399 5,823 829 9,639 21,684 Ending balance $ 209,630 $ 6,913 $ 148,305 $ 19,037 $ 297,865 $ 681,750 Allowance for credit losses - unfunded commitments: Beginning balance $ 2,965 $ 4,059 $ - $ - $ 30 $ 7,054 Provision for credit losses (benefit) 384 ( 564) - - 30 ( 150) Ending balance - unfunded commitments [1] $ 3,349 $ 3,495 $ - $ - $ 60 $ 6,904 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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) ( 6,023) 622 ( 16,481) 1,692 16,657 ( 3,533) Initial allowance for credit losses - PCD Loans - - 782 - - 782 Charge-offs ( 1,849) - ( 2,688) ( 1,903) ( 43,844) ( 50,284) Recoveries 9,491 811 10,131 1,670 17,347 39,450 Ending balance - loans $ 153,547 $ 3,074 $ 130,030 $ 19,037 $ 274,889 $ 580,577 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,751 $ 2,388 $ - $ - $ - $ 4,139 Provision for credit losses (benefit) 281 ( 854) - - - ( 573) Ending balance - unfunded commitments [1] $ 2,032 $ 1,534 $ - $ - $ - $ 3,566 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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) ( 8,284) ( 2,015) 2,126 7,162 ( 1,011) Charge-offs ( 524) - ( 68) ( 2,633) ( 3,225) Recoveries 1,014 1,132 25 2,034 4,205 Ending balance - loans $ 56,083 $ 3,839 $ 18,275 $ 22,976 $ 101,173 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,384 $ 2,337 $ - $ 37 $ 3,758 Provision for credit losses (benefit) ( 67) ( 376) - 23 ( 420) Ending balance - unfunded commitments [1] $ 1,317 $ 1,961 $ - $ 60 $ 3,338 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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) ( 14,307) ( 1,393) ( 14,355) 1,692 23,819 ( 4,544) Initial allowance for credit losses - PCD Loans - - 782 - - 782 Charge-offs ( 2,373) - ( 2,756) ( 1,903) ( 46,477) ( 53,509) Recoveries 10,505 1,943 10,156 1,670 19,381 43,655 Ending balance - loans $ 209,630 $ 6,913 $ 148,305 $ 19,037 $ 297,865 $ 681,750 Allowance for credit losses - unfunded commitments: Beginning balance $ 3,135 $ 4,725 $ - $ - $ 37 $ 7,897 Provision for credit losses (benefit) 214 ( 1,230) - - 23 ( 993) Ending balance - unfunded commitments [1] $ 3,349 $ 3,495 $ - $ - $ 60 $ 6,904 [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 June 30, 2021 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 197,111 $ 260 $ 185,805 $ 12,687 $ 285,793 $ 681,656 Provision for credit losses (benefit) ( 20,204) 481 ( 19,264) 5,257 11,242 ( 22,488) Initial allowance for credit losses - PCD Loans - - 1,202 - - 1,202 Charge-offs ( 2,035) - ( 5,047) ( 1,135) ( 17,366) ( 25,583) Recoveries 11,912 479 4,112 742 9,821 27,066 Ending balance $ 186,784 $ 1,220 $ 166,808 $ 17,551 $ 289,490 $ 661,853 Allowance for credit losses - unfunded commitments: Beginning balance $ 3,913 $ 245 $ - $ - $ - $ 4,158 Provision for credit losses ( 661) 1,160 - - - 499 Ending balance - unfunded commitments [1] $ 3,252 $ 1,405 $ - $ - $ - $ 4,657 [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 June 30, 2021 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 79,108 $ 8,935 $ 16,321 $ 14,777 $ 119,141 Provision for credit losses (benefit) 4,839 1,194 ( 933) ( 112) 4,988 Charge-offs ( 690) ( 523) - ( 2,374) ( 3,587) Recoveries 1,103 430 423 1,439 3,395 Ending balance - loans $ 84,360 $ 10,036 $ 15,811 $ 13,730 $ 123,937 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,443 $ 3,903 $ - $ 65 $ 5,411 Provision for credit losses 116 ( 231) - ( 17) ( 132) Ending balance - unfunded commitments [1] $ 1,559 $ 3,672 $ - $ 48 $ 5,279 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statement of Financial Condition. For the quarter ended June 30, 2021 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 276,219 $ 9,195 $ 202,126 $ 12,687 $ 300,570 $ 800,797 Provision for credit losses (benefit) ( 15,365) 1,675 ( 20,197) 5,257 11,130 ( 17,500) Initial allowance for credit losses - PCD Loans - - 1,202 - - 1,202 Charge-offs ( 2,725) ( 523) ( 5,047) ( 1,135) ( 19,740) ( 29,170) Recoveries 13,015 909 4,535 742 11,260 30,461 Ending balance $ 271,144 $ 11,256 $ 182,619 $ 17,551 $ 303,220 $ 785,790 Allowance for credit losses - loans: Beginning balance $ 5,356 $ 4,148 $ - $ - $ 65 $ 9,569 Provision for credit losses ( 545) 929 - - ( 17) 367 Ending balance - unfunded commitments [1] $ 4,811 $ 5,077 $ - $ - $ 48 $ 9,936 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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) ( 49,850) 1,787 ( 22,069) 1,199 6,469 ( 62,464) Initial allowance for credit losses - PCD Loans - - 2,558 - - 2,558 Charge-offs ( 4,918) ( 6,619) ( 15,428) ( 2,193) ( 41,395) ( 70,553) Recoveries 16,229 1,181 6,190 1,682 27,280 52,562 Ending balance - loans $ 186,784 $ 1,220 $ 166,808 $ 17,551 $ 289,490 $ 661,853 Allowance for credit losses - unfunded commitments: Beginning balance $ 4,913 $ 4,610 $ - $ - $ - $ 9,523 Provision for credit losses (benefit) ( 1,661) ( 3,205) - - - ( 4,866) Ending balance - unfunded commitments [1] $ 3,252 $ 1,405 $ - $ - $ - $ 4,657 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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) ( 24,094) 763 ( 4,851) ( 2,633) ( 30,815) Charge-offs ( 1,073) ( 523) ( 1) ( 5,630) ( 7,227) Recoveries 1,470 430 504 3,075 5,479 Ending balance - loans $ 84,360 $ 10,036 $ 15,811 $ 13,730 $ 123,937 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,753 $ 4,469 $ - $ 106 $ 6,328 Provision for credit losses (benefit) ( 194) ( 797) - ( 58) ( 1,049) Ending balance - unfunded commitments [1] $ 1,559 $ 3,672 $ - $ 48 $ 5,279 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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) ( 73,944) 2,550 ( 26,920) 1,199 3,836 ( 93,279) Initial allowance for credit losses - PCD Loans - - 2,558 - - 2,558 Charge-offs ( 5,991) ( 7,142) ( 15,429) ( 2,193) ( 47,025) ( 77,780) Recoveries 17,699 1,611 6,694 1,682 30,355 58,041 Ending balance - loans $ 271,144 $ 11,256 $ 182,619 $ 17,551 $ 303,220 $ 785,790 Allowance for credit losses - unfunded commitments: Beginning balance $ 6,666 $ 9,079 $ - $ - $ 106 $ 15,851 Provision for credit losses (benefit) ( 1,855) ( 4,002) - - ( 58) ( 5,915) Ending balance - unfunded commitments [1] $ 4,811 $ 5,077 $ - $ - $ 48 $ 9,936 [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 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 $ 1.6 billion at June 30, 2022 (December 31, 2021 - $ 1.7 billion). The amount of outstanding commitments to lend additional funds to debtors owing loans whose terms have been modified in TDRs amounted to $ 9 million related to the commercial loan portfolio at June 30, 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 June 30, 2022 and December 31, 2021. June 30, 2022 December 31, 2021 (In thousands) Accruing Non-Accruing Total Related Allowance Accruing Non-Accruing Total Related Allowance Loans held-in-portfolio: Commercial $ 267,762 $ 60,499 $ 328,261 $ 22,112 $ 261,344 $ 64,744 $ 326,088 $ 24,736 Mortgage [1] 1,160,469 93,309 1,253,778 62,587 1,143,204 112,509 1,255,713 61,888 Leasing 151 38 189 29 325 47 372 42 Consumer 57,690 9,240 66,930 14,546 64,093 10,556 74,649 16,124 Loans held-in-portfolio $ 1,486,072 $ 163,086 $ 1,649,158 $ 99,274 $ 1,468,966 $ 187,856 $ 1,656,822 $ 102,790 [1] At June 30, 2022, accruing mortgage loan TDRs include $ 724 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 June 30, 2022 and 2021. Loans modified as TDRs for the U.S. operations are considered insignificant to the Corporation. Popular, Inc. For the quarter ended June 30, 2022 For the six months ended June 30, 2022 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other 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 - 1 - 1 - 2 Commercial real estate owner occupied - 5 1 - 1 6 1 - Commercial and industrial 2 - 1 - 3 5 1 11 Mortgage 3 31 217 - 4 65 505 1 Leasing - - 1 - - - 1 - Consumer: Credit cards 9 - - 7 24 - - 22 Personal 29 36 - 1 54 56 - 1 Auto - - - - - 1 - - Total 43 73 220 9 86 134 508 37 Popular, Inc. For the quarter ended June 30, 2021 For the six months ended June 30, 2021 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial multi-family - - 1 - - 1 1 - Commercial real estate non-owner occupied - - - - - 9 - - Commercial real estate owner occupied 1 3 3 2 3 23 3 2 Commercial and industrial 1 - - 6 1 8 - 6 Mortgage 14 39 458 - 22 79 818 - Leasing - - - - - - 1 - Consumer: Credit cards 37 - 1 13 89 - 1 27 HELOCs - 1 - - - 1 1 - Personal 59 61 - 2 120 63 1 2 Auto - 1 - - - 2 2 - Other 2 - - - 6 - - - Total 114 105 463 23 241 186 828 37 The following tables present by class, quantitative information related to loans modified as TDRs during the quarters and six months ended June 30, 2022 and 2021. Popular, Inc. For the quarter ended June 30, 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 2 $ 52 $ 51 $ 5 Commercial real estate owner occupied 6 12,377 12,369 ( 2,073) Commercial and industrial 3 156 153 30 Mortgage 251 29,907 31,134 1,091 Leasing 1 14 12 2 Consumer: Credit cards 16 162 172 2 Personal 66 952 1,030 135 Total 345 $ 43,620 $ 44,921 $ ( 808) Popular, Inc. For the quarter ended June 30, 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 $ 159 $ 125 $ 22 Commercial real estate owner occupied 9 51,050 50,472 564 Commercial and industrial 7 491 489 57 Mortgage 511 58,094 61,522 2,105 Consumer: Credit cards 51 730 628 7 HELOCs 1 113 112 26 Personal 122 1,620 1,619 328 Auto 1 16 16 5 Other 2 5 5 1 Total 705 $ 112,278 $ 114,988 $ 3,115 Popular, Inc. For the six months ended June 30, 2022 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for credit losses as a result of modification Commercial real estate non-owner occupied 3 $ 3,452 $ 3,451 $ 5 Commercial real estate owner occupied 8 13,106 13,096 ( 2,073) Commercial and industrial 20 49,502 49,308 2,060 Mortgage 575 64,783 66,726 2,111 Leasing 1 14 12 2 Consumer: Credit cards 46 410 445 7 Personal 111 1,681 1,758 265 Auto 1 28 28 5 Total 765 $ 132,976 $ 134,824 $ 2,382 Popular, Inc. For the six months ended June 30, 2021 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for credit losses as a result of modification Commercial multi-family 2 $ 246 $ 211 $ 26 Commercial real estate non-owner occupied 9 3,295 3,281 141 Commercial real estate owner occupied 31 80,800 79,956 1,136 Commercial and industrial 15 713 707 65 Mortgage 919 105,748 111,251 3,151 Leasing 1 32 32 4 Consumer: Credit cards 117 1,554 1,482 34 HELOCs 2 176 228 54 Personal 186 2,682 2,681 632 Auto 4 64 69 15 Other 6 11 11 2 Total 1,292 $ 195,321 $ 199,909 $ 5,260 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. Popular, Inc. Defaulted during the quarter ended Defaulted during the six months ended (Dollars in thousands) Loan count Recorded investment as of first default date Loan count Recorded investment as of first default date Commercial and industrial 3 $ 2,496 3 $ 2,496 Mortgage 32 3,830 38 5,699 Consumer: Credit cards 8 28 19 135 Personal 7 270 19 398 Total 50 $ 6,624 79 $ 8,728 Popular, Inc. Defaulted during the quarter ended Defaulted during the six months ended (Dollars in thousands) Loan count Recorded investment as of first default date Loan count Recorded investment as of first default date Commercial real estate non-owner occupied 4 $ 8,421 4 $ 8,421 Commercial real estate owner occupied - - 2 3,754 Commercial and industrial 3 93 5 317 Mortgage 24 3,279 47 5,011 Consumer: Credit cards 23 280 60 751 Personal 11 212 14 472 Total 65 $ 12,285 132 $ 18,726 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 June 30, 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. June 30, 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 $ - $ - $ - $ - $ - $ 4,362 $ - $ - $ 4,362 Special mention - - - - - 2,890 - - 2,890 Substandard - - - 983 - 6,108 100 - 7,191 Pass 89,752 23,534 20,982 34,166 24,981 28,696 - - 222,111 Total commercial multi-family $ 89,752 $ 23,534 $ 20,982 $ 35,149 $ 24,981 $ 42,056 $ 100 $ - $ 236,554 Commercial real estate non-owner occupied Watch $ 29,864 $ 79,782 $ 220,704 $ 18,577 $ 85,504 $ 153,862 $ 2,187 $ - $ 590,480 Special Mention - 30,152 11,759 8,653 - 22,811 - - 73,375 Substandard 3,423 206 27,449 18,786 36,934 74,135 - - 160,933 Pass 355,064 534,328 210,145 97,235 35,018 585,865 9,675 - 1,827,330 Total commercial real estate non-owner occupied $ 388,351 $ 644,468 $ 470,057 $ 143,251 $ 157,456 $ 836,673 $ 11,862 $ - $ 2,652,118 Commercial real estate owner occupied Watch $ 2,234 $ 10,958 $ 5,892 $ 6,918 $ 6,962 $ 100,546 $ - $ - $ 133,510 Special Mention - - 931 7,136 1,394 78,144 - - 87,605 Substandard 11,425 4,873 1,306 859 34,762 91,428 - - 144,653 Doubtful - - - - - 603 - - 603 Pass 82,073 269,710 151,909 45,526 52,826 420,051 18,283 - 1,040,378 Total commercial real estate owner occupied $ 95,732 $ 285,541 $ 160,038 $ 60,439 $ 95,944 $ 690,772 $ 18,283 $ - $ 1,406,749 Commercial and industrial Watch $ 31,573 $ 74,590 $ 9,606 $ 23,705 $ 98,226 $ 58,662 $ 80,254 $ - $ 376,616 Special Mention - 1,806 569 1,741 24,954 49,956 20,221 - 99,247 Substandard 19,831 396 6,927 3,217 20,798 46,432 46,296 - 143,897 Doubtful - - - - - 83 - - 83 Loss - - - - - - 7 - 7 Pass 386,907 707,961 169,375 263,358 45,636 344,309 983,287 - 2,900,833 Total commercial and industrial $ 438,311 $ 784,753 $ 186,477 $ 292,021 $ 189,614 $ 499,442 $ 1,130,065 $ - $ 3,520,683 Construction Watch $ 7,450 $ 1,410 $ 8,623 $ 498 $ - $ - $ 14,119 $ - $ 32,100 Special Mention 1,787 - - - - - - - 1,787 Pass 1,589 36,280 64,524 1,116 - - 24,966 - 128,475 Total construction $ 10,826 $ 37,690 $ 73,147 $ 1,614 $ - $ - $ 39,085 $ - $ 162,362 Mortgage Substandard $ - $ 50 $ 1,307 $ 4,417 $ 5,483 $ 107,988 $ - $ - $ 119,245 Pass 136,373 463,858 293,940 211,365 245,782 4,571,360 - - 5,922,678 Total mortgage $ 136,373 $ 463,908 $ 295,247 $ 215,782 $ 251,265 $ 4,679,348 $ - $ - $ 6,041,923 Leasing Substandard $ 180 $ 937 $ 989 $ 972 $ 831 $ 665 $ - $ - $ 4,574 Loss - - - 26 - 64 - - 90 Pass 372,931 490,928 283,111 181,773 104,791 42,024 - - 1,475,558 Total leasing $ 373,111 $ 491,865 $ 284,100 $ 182,771 $ 105,622 $ 42,753 $ - $ - $ 1,480,222 June 30, 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 $ - $ - $ - $ - $ - $ - $ 8,879 $ - $ 8,879 Loss - - - - - - 17 - 17 Pass - - - - - - 957,803 - 957,803 Total credit cards $ - $ - $ - $ - $ - $ - $ 966,699 $ - $ 966,699 HELOCs Pass - - - - - - 3,122 - 3,122 Total HELOCs $ - $ - $ - $ - $ - $ - $ 3,122 $ - $ 3,122 Personal Substandard $ 69 $ 1,375 $ 768 $ 2,011 $ 848 $ 13,220 $ - $ 1,188 $ 19,479 Loss - 60 - 68 - 18 - 2 148 Pass 402,112 430,129 139,974 163,060 66,075 135,293 - 31,830 1,368,473 Total Personal $ 402,181 $ 431,564 $ 140,742 $ 165,139 $ 66,923 $ 148,531 $ - $ 33,020 $ 1,388,100 Auto Substandard $ 399 $ 7,125 $ 8,748 $ 8,895 $ 4,727 $ 3,005 $ - $ - $ 32,899 Loss - - 28 91 - 9 - - 128 Pass 646,578 1,101,866 697,273 525,778 329,466 155,988 - - 3,456,949 Total Auto $ 646,977 $ 1,108,991 $ 706,049 $ 534,764 $ 334,193 $ 159,002 $ - $ - $ 3,489,976 Other consumer Substandard $ - $ - $ 130 $ - $ 465 $ 5 $ 11,082 $ - $ 11,682 Loss - - - - 443 - - - 443 Pass 17,719 21,774 7,323 7,455 5,042 3,714 57,997 - 121,024 Total Other consumer $ 17,719 $ 21,774 $ 7,453 $ 7,455 $ 5,950 $ 3,719 $ 69,079 $ - $ 133,149 Total Puerto Rico $ 2,599,333 $ 4,294,088 $ 2,344,292 $ 1,638,385 $ 1,231,948 $ 7,102,296 $ 2,238,295 $ 33,020 $ 21,481,657 June 30, 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 $ - $ 8,526 $ 43,413 $ 48,152 $ 20,473 $ 64,575 $ - $ - $ 185,139 Special mention - - 1,213 942 29,452 22,477 - - 54,084 Substandard - - - 66,892 10,897 4,994 - - 82,783 Pass 264,305 409,863 206,453 196,526 133,228 359,456 3,982 - 1,573,813 Total commercial multi-family $ 264,305 $ 418,389 $ 251,079 $ 312,512 $ 194,050 $ 451,502 $ 3,982 $ - $ 1,895,819 Commercial real estate non-owner occupied Watch $ - $ 12,692 $ 16,783 $ 15,033 $ 45,671 $ 101,497 $ - $ - $ 191,676 Special Mention - - - 3,162 1,797 21,798 - - 26,757 Substandard - 2,902 749 11,739 1,555 32,860 - - 49,805 Pass 208,048 199,900 207,046 100,601 93,503 383,391 7,496 - 1,199,985 Total commercial real estate non-owner occupied $ 208,048 $ 215,494 $ 224,578 $ 130,535 $ 142,526 $ 539,546 $ 7,496 $ - $ 1,468,223 Commercial real estate owner occupied Watch $ - $ - $ 5,317 $ 3,795 $ 10,867 $ 41,669 $ 4,222 $ - $ 65,870 Special Mention - - - - 5,141 16,554 - - 21,695 Substandard - - - 7,479 2,287 43,495 - - 53,261 Pass 207,879 427,167 141,530 96,425 145,376 302,040 5,569 - 1,325,986 Total commercial real estate owner occupied $ 207,879 $ 427,167 $ 146,847 $ 107,699 $ 163,671 $ 403,758 $ 9,791 $ - $ 1,466,812 Commercial and industrial Watch $ 2,812 $ 2,201 $ 2,748 $ 2,652 $ 8,798 $ 727 $ 13,515 $ - $ 33,453 Special Mention 1,052 1,483 6,597 582 447 20 4,722 - 14,903 Substandard 328 1,203 1,268 4,460 796 1,857 5,224 - 15,136 Loss - 253 105 255 110 6 - - 729 Pass 70,371 302,851 371,225 200,441 183,865 409,491 295,878 - 1,834,122 Total commercial and industrial $ 74,563 $ 307,991 $ 381,943 $ 208,390 $ 194,016 $ 412,101 $ 319,339 $ - $ 1,898,343 Construction Watch $ - $ 4,016 $ 14,143 $ 30,941 $ 18,166 $ 33,444 $ - $ - $ 100,710 Special Mention - - - - - 13,655 - - 13,655 Substandard - - - - 15,892 10,154 - - 26,046 Pass 28,379 149,831 157,216 104,036 5,650 43,035 - - 488,147 Total construction $ 28,379 $ 153,847 $ 171,359 $ 134,977 $ 39,708 $ 100,288 $ - $ - $ 628,558 Mortgage Substandard $ - $ 639 $ 4,338 $ 4,285 $ 919 $ 10,010 $ - $ - $ 20,191 Pass 120,481 312,099 250,047 197,444 60,326 259,444 - - 1,199,841 Total mortgage $ 120,481 $ 312,738 $ 254,385 $ 201,729 $ 61,245 $ 269,454 $ - $ - $ 1,220,032 June 30, 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 $ - $ - $ - $ - $ - $ - $ 47 $ - $ 47 Total credit cards $ - $ - $ - $ - $ - $ - $ 47 $ - $ 47 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,653 $ - $ 813 $ 3,466 Loss - - - - - 159 - 1,079 1,238 Pass - - - - - 9,697 40,387 16,667 66,751 Total HELOCs $ - $ - $ - $ - $ - $ 12,509 $ 40,387 $ 18,559 $ 71,455 Personal Substandard $ 49 $ 163 $ 168 $ 168 $ 32 $ 142 $ - $ - $ 722 Loss - - - 11 - 16 - - 27 Pass 127,064 61,523 12,120 23,574 4,217 5,066 - - 233,564 Total Personal $ 127,113 $ 61,686 $ 12,288 $ 23,753 $ 4,249 $ 5,224 $ - $ - $ 234,313 Other consumer Substandard $ - $ - $ - $ - $ - $ - $ 1 $ - $ 1 Pass - - - - - - 5,676 - 5,676 Total Other consumer $ - $ - $ - $ - $ - $ - $ 5,677 $ - $ 5,677 Total Popular U.S. $ 1,030,768 $ 1,897,312 $ 1,442,479 $ 1,119,595 $ 799,465 $ 2,194,382 $ 386,719 $ 18,559 $ 8,889,279 June 30, 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 $ - $ 8,526 $ 43,413 $ 48,152 $ 20,473 $ 68,937 $ - $ - $ 189,501 Special mention - - 1,213 942 29,452 25,367 - - 56,974 Substandard - - - 67,875 10,897 11,102 100 - 89,974 Pass 354,057 433,397 227,435 230,692 158,209 388,152 3,982 - 1,795,924 Total commercial multi-family $ 354,057 $ 441,923 $ 272,061 $ 347,661 $ 219,031 $ 493,558 $ 4,082 $ - $ 2,132,373 Commercial real estate non-owner occupied Watch $ 29,864 $ 92,474 $ 237,487 $ 33,610 $ 131,175 $ 255,359 $ 2,187 $ - $ 782,156 Special Mention - 30,152 11,759 11,815 1,797 44,609 - - 100,132 Substandard 3,423 3,108 28,198 30,525 38,489 106,995 - - 210,738 Pass 563,112 734,228 417,191 197,836 128,521 969,256 17,171 - 3,027,315 Total commercial real estate non-owner occupied $ 596,399 $ 859,962 $ 694,635 $ 273,786 $ 299,982 $ 1,376,219 $ 19,358 $ - $ 4,120,341 Commercial real estate owner occupied Watch $ 2,234 $ 10,958 $ 11,209 $ 10,713 $ 17,829 $ 142,215 $ 4,222 $ - $ 199,380 Special Mention - - 931 7,136 6,535 94,698 - - 109,300 Substandard 11,425 4,873 1,306 8,338 37,049 134,923 - - 197,914 Doubtful - - - - - 603 - - 603 Pass 289,952 696,877 293,439 141,951 198,202 722,091 23,852 - 2,366,364 Total commercial real estate owner occupied $ 303,611 $ 712,708 $ 306,885 $ 168,138 $ 259,615 $ 1,094,530 $ 28,074 $ - $ 2,873,561 Commercial and industrial Watch $ 34,385 $ 76,791 $ 12,354 $ 26,357 $ 107,024 $ 59,389 $ 93,769 $ - $ 410,069 Special Mention 1,052 3,289 7,166 2,323 25,401 49,976 24,943 - 114,150 Substandard 20,159 1,599 8,195 7,677 21,594 48,289 51,520 - 159,033 Doubtful - - - - - 83 - - 83 Loss - 253 105 255 110 6 7 - 736 Pass 457,278 1,010,812 540,600 463,799 229,501 753,800 1,279,165 - 4,734,955 Total commercial and industrial $ 512,874 $ 1,092,744 $ 568,420 $ 500,411 $ 383,630 $ 911,543 $ 1,449,404 $ - $ 5,419,026 June 30, 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 $ 7,450 $ 5,426 $ 22,766 $ 31,439 $ 18,166 $ 33,444 $ 14,119 $ - $ 132,810 Special Mention 1,787 - - - - 13,655 - - 15,442 Substandard - - - - 15,892 10,154 - - 26,046 Pass 29,968 186,111 221,740 105,152 5,650 43,035 24,966 - 616,622 Total construction $ 39,205 $ 191,537 $ 244,506 $ 136,591 $ 39,708 $ 100,288 $ 39,085 $ - $ 790,920 Mortgage Substandard $ - $ 689 $ 5,645 $ 8,702 $ 6,402 $ 117,998 $ - $ - $ 139,436 Pass 256,854 775,957 543,987 408,809 306,108 4,830,804 - - 7,122,519 Total mortgage $ 256,854 $ 776,646 $ 549,632 $ 417,511 $ 312,510 $ 4,948,802 $ - $ - $ 7,261,955 Leasing Substandard $ 180 $ 937 $ 989 $ 972 $ 831 $ 665 $ - $ - $ 4,574 Loss - - - 26 - 64 - - 90 Pass 372,931 490,928 283,111 181,773 104,791 42,024 - - 1,475,558 Total leasing $ 373,111 $ 491,865 $ 284,100 $ 182,771 $ 105,622 $ 42,753 $ - $ - $ 1,480,222 June 30, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousa

Mortgage banking activities

Mortgage banking activities	6 Months Ended
	Jun. 30, 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 June 30, Six months ended June 30, (In thousands) 2022 2021 2022 2021 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 9,186 $ 9,522 $ 18,509 $ 19,237 Mortgage servicing rights fair value adjustments 2,257 ( 6,239) 3,345 ( 5,727) Total mortgage servicing fees, net of fair value adjustments 11,443 3,283 21,854 13,510 Net gain (loss) on sale of loans, including valuation on loans held-for-sale 36 5,197 ( 1,498) 10,172 Trading account profit (loss): Unrealized losses on outstanding derivative positions ( 2) - - - Realized gains (losses) on closed derivative positions 2,430 ( 866) 6,565 1,636 Total trading account profit (loss) 2,428 ( 866) 6,565 1,636 Losses on repurchased loans, including interest advances ( 332) ( 166) ( 481) ( 527) Total mortgage banking activities $ 13,575 $ 7,448 $ 26,440 $ 24,791

Transfers of financial assets a

Transfers of financial assets and mortgage servicing assets	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2022 and 2021 because they did not contain any credit recourse arrangements. During the quarter and six months ended June 30, 2022, the Corporation recorded a net loss of $ 0.7 million and $ 1.8 million, respectively (June 30, 2021 - a net gain of $ 4.7 million and $ 8.4 million, respectively) 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 and six months ended June 30, 2022 and 2021: Proceeds Obtained During the Quarter Ended June 30, 2022 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 77,269 $ - $ 77,269 Mortgage-backed securities - FNMA - 37,640 - 37,640 Mortgage-backed securities - FHLMC - 1,387 - 1,387 Total trading account debt securities $ - $ 116,296 $ - $ 116,296 Mortgage servicing rights $ - $ - $ 1,960 $ 1,960 Total $ - $ 116,296 $ 1,960 $ 118,256 Proceeds Obtained During the Six Months Ended June 30, 2022 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 155,163 $ - $ 155,163 Mortgage-backed securities - FNMA - 95,330 - 95,330 Mortgage-backed securities - FHLMC - 8,505 - 8,505 Total trading account debt securities $ - $ 258,998 $ - $ 258,998 Mortgage servicing rights $ - $ - $ 4,369 $ 4,369 Total $ - $ 258,998 $ 4,369 $ 263,367 Proceeds Obtained During the Quarter Ended June 30, 2021 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 106,729 $ - $ 106,729 Mortgage-backed securities - FNMA - 72,555 - 72,555 Mortgage-backed securities - FHLMC - 13,501 - 13,501 Total trading account debt securities $ - $ 192,785 $ - $ 192,785 Mortgage servicing rights $ - $ - $ 2,880 $ 2,880 Total $ - $ 192,785 $ 2,880 $ 195,665 Proceeds Obtained During the Six Months Ended June 30, 2021 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 208,717 $ - $ 208,717 Mortgage-backed securities - FNMA - 158,835 - 158,835 Mortgage-backed securities - FHLMC - 13,501 - 13,501 Total trading account debt securities $ - $ 381,053 $ - $ 381,053 Mortgage servicing rights $ - $ - $ 5,689 $ 5,689 Total $ - $ 381,053 $ 5,689 $ 386,742 During the six months ended June 30, 2022, the Corporation retained servicing rights on whole loan sales involving approximately $ 33 million in principal balance outstanding (June 30, 2021 - $ 84 million), with net realized gains of approximately $ 0.4 million (June 30, 2021 - gains of $ 1.8 million). All loan sales performed during the six months ended June 30, 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 six months ended June 30, 2022 and 2021. Residential MSRs (In thousands) June 30, 2022 June 30, 2021 Fair value at beginning of period $ 121,570 $ 118,395 Additions 5,032 6,809 Changes due to payments on loans [1] ( 5,877) ( 8,012) Reduction due to loan repurchases ( 463) ( 851) Changes in fair value due to changes in valuation model inputs or assumptions 9,571 3,126 Other 44 - Fair value at end of period [2] $ 129,877 $ 119,467 [1] Represents changes due to collection / realization of expected cash flows over time. [2] At June 30, 2022, PB had MSRs amounting to $ 2.0 million (June 30, 2021 - $ 1.3 million). Residential mortgage loans serviced for others were $ 11.6 billion at June 30, 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 June 30, 2022, those weighted average mortgage servicing fees were 0.31% (June 30, 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 and six months ended June 30, 2022 and 2021 were as follows: Quarters ended Six Months ended June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 BPPR PB BPPR PB BPPR PB BPPR PB Prepayment speed 4.7 % 7.8 % 5.9 % 12.5 % 5.0 % 8.9 % 7.4 % 21.2 % Weighted average life (in years) 10.2 8.0 8.9 6.0 9.8 7.4 8.0 9.5 Discount rate (annual rate) 10.5 % 9.5 % 10.4 % 11.0 % 10.4 % 9.8 % 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 June 30, December 31, June 30, December 31, (In thousands) 2022 2021 2022 2021 Fair value of servicing rights $ 40,917 $ 40,058 $ 88,960 $ 81,512 Weighted average life (in years) 6.8 7.1 7.5 7.5 Weighted average prepayment speed (annual rate) 6.6 % 7.7 % 6.5 % 7.6 % Impact on fair value of 10% adverse change $ ( 765) $ ( 1,500) $ ( 1,747) $ ( 1,486) Impact on fair value of 20% adverse change $ ( 1,505) $ ( 2,359) $ ( 3,438) $ ( 3,495) Weighted average discount rate (annual rate) 11.2 % 11.2 % 11.0 % 11.0 % Impact on fair value of 10% adverse change $ ( 1,617) $ ( 2,079) $ ( 3,694) $ ( 2,731) Impact on fair value of 20% adverse change $ ( 3,118) $ ( 3,452) $ ( 7,122) $ ( 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 June 30, 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 June 30, 2022, the Corporation had recorded $ 11 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 six months ended June 30, 2022, the Corporation repurchased approximately $ 35 million (June 30, 2021 - $ 65 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 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	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2022 and 2021. For the quarter ended June 30, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,468 $ 75,099 $ 90,567 Write-downs in value ( 486) ( 245) ( 731) Additions 832 20,663 21,495 Sales ( 1,564) ( 17,502) ( 19,066) Other adjustments - ( 128) ( 128) Ending balance $ 14,250 $ 77,887 $ 92,137 For the quarter ended June 30, 2021 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,085 $ 56,975 $ 72,060 Write-downs in value ( 157) ( 549) ( 706) Additions 2,125 17,067 19,192 Sales ( 2,653) ( 14,519) ( 17,172) Other adjustments 181 ( 283) ( 102) Ending balance $ 14,581 $ 58,691 $ 73,272 For the six months ended June 30, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,017 $ 70,060 $ 85,077 Write-downs in value ( 850) ( 573) ( 1,423) Additions 3,519 39,903 43,422 Sales ( 3,544) ( 31,045) ( 34,589) Other adjustments 108 ( 458) ( 350) Ending balance $ 14,250 $ 77,887 $ 92,137 For the six months ended June 30, 2021 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 13,214 $ 69,932 $ 83,146 Write-downs in value ( 464) ( 1,519) ( 1,983) Additions 5,975 18,940 24,915 Sales ( 4,325) ( 28,379) ( 32,704) Other adjustments 181 ( 283) ( 102) Ending balance $ 14,581 $ 58,691 $ 73,272

Other assets

Other assets	6 Months Ended
	Jun. 30, 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) June 30, 2022 December 31, 2021 Net deferred tax assets (net of valuation allowance) $ 817,867 $ 657,597 Investments under the equity method 318,836 298,988 Prepaid taxes 52,721 37,924 Other prepaid expenses 85,964 79,845 Derivative assets 17,218 26,093 Trades receivable from brokers and counterparties 45,118 65,460 Principal, interest and escrow servicing advances 45,889 53,942 Guaranteed mortgage loan claims receivable 84,990 98,001 Operating ROU assets (Note 27) 126,080 141,748 Finance ROU assets (Note 27) 19,349 13,459 Others 159,491 155,514 Total other assets $ 1,773,523 $ 1,628,571 The Corporation enters in the ordinary course of business into 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 the Other assets line item in the accompanying Consolidated Statements of Financial Condition. As of June 30, 2022, the total capitalized implementation costs amounted to $ 22.1 million with an accumulated amortization of $ 10.8 million for a net value of $ 11.3 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 and six months ended June 30, 2022 was $ 1.1 million and $ 2.0 million, respectively (June 30, 2021 - $ 1.1 million and $ 1.9 million, respectively).

Goodwill and other intangible a

Goodwill and other intangible assets	6 Months Ended
	Jun. 30, 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 for the quarters and six months ended June 30, 2022 and 2021. The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments: June 30, 2022 Balance at Balance at June 30, Accumulated June 30, 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 June 30, 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 June 30, 2022 Core deposits $ 12,810 $ 9,394 $ 3,416 Other customer relationships 14,286 3,929 10,357 Total other intangible assets $ 27,096 $ 13,323 $ 13,773 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 June 30, 2022, the Corporation recognized $ 0.8 million in amortization expense related to other intangible assets with definite useful lives (June 30, 2021 - $ 1.3 million). During the six months ended June 30, 2022, the Corporation recognized $ 1.7 million in amortization related to other intangible assets with definite useful lives (June 30, 2021 - $ 2.3 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 $ 1,589 Year 2023 3,179 Year 2024 2,938 Year 2025 1,750 Year 2026 1,440 Later years 2,877

Deposits

Deposits	6 Months Ended
	Jun. 30, 2022
Deposits [Abstract]
Deposits	Note 14 – Deposits Total interest bearing deposits as of the end of the periods presented consisted of: (In thousands) June 30, 2022 December 31, 2021 Savings accounts $ 15,796,175 $ 15,871,998 NOW, money market and other interest bearing demand deposits 25,772,708 28,736,459 Total savings, NOW, money market and other interest bearing demand deposits 41,568,883 44,608,457 Certificates of deposit: Under $250,000 4,143,611 4,086,059 $250,000 and over 2,951,911 2,626,090 Total certificates of deposit 7,095,522 6,712,149 Total interest bearing deposits $ 48,664,405 $ 51,320,606 A summary of certificates of deposits by maturity at June 30, 2022 follows: (In thousands) 2022 $ 3,357,467 2023 1,378,319 2024 842,853 2025 641,308 2026 484,722 2027 and thereafter 390,853 Total certificates of deposit $ 7,095,522 At June 30, 2022, the Corporation had brokered deposits amounting to $ 1.0 billion (December 31, 2021 - $ 0.8 billion). The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans was $ 8 million at June 30, 2022 (December 31, 2021 - $ 6 million) At June 30, 2022, public sector deposits amounted to $ 17.1 billion. Public deposit balances are difficult to predict. For example, the receipt by the Puerto Rico Government of hurricane recovery related Federal assistance, and seasonal tax collections, could increase public deposit balances at BPPR. On the other hand, the amount and timing of reductions in balances are likely to be impacted by, for example, the speed at which COVID-19 pandemic and hurricane recovery federal assistance is distributed, the financial condition, liquidity and cash management practices of the Puerto Rico Government and its instrumentalities and the implementation of fiscal and debt adjustment plans approved pursuant to PROMESA or other actions mandated by the Fiscal Oversight and Management Board for Puerto Rico (the “Oversight Board”).

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Borrowings	Note 15 – Borrowings Assets sold under agreements to repurchase Assets sold under agreements to repurchase amounted to $ 71 million at June 30, 2022 and $ 92 million at 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 June 30, 2022 December 31, 2021 Repurchase Repurchase (In thousands) liability liability U.S. Treasury securities Within 30 days $ 14,139 $ 19,538 After 30 to 90 days 18,198 30,295 After 90 days 27,207 29,036 Total U.S. Treasury securities 59,544 78,869 Mortgage-backed securities Within 30 days 10,534 11,733 After 30 to 90 days 847 - After 90 days - 722 Total mortgage-backed securities 11,381 12,455 Collateralized mortgage obligations Within 30 days - 279 Total collateralized mortgage obligations - 279 Total $ 70,925 $ 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 June 30, 2022, compared to $ 75 million in FHLB Advances at December 31, 2021. Notes Payable The following table presents the composition of notes payable at June 30, 2022 and December 31, 2021. (In thousands) June 30, 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% $ 391,429 $ 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 $ 1,524 298,475 297,842 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 $ 328 198,306 198,292 Total notes payable $ 888,210 $ 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 June 30, 2022 is included in the table below. Assets sold under (In thousands) agreements to repurchase Notes payable Total 2022 $ 70,925 $ 2,148 $ 73,073 2023 - 341,736 341,736 2024 - 91,943 91,943 2025 - 139,920 139,920 2026 - 74,500 74,500 Later years - 237,963 237,963 Total borrowings $ 70,925 $ 888,210 $ 959,135 At June 30, 2022 and December 31, 2021, the Corporation had FHLB borrowing facilities whereby the Corporation could borrow up to $ 3.0 billion, of which $ 0.4 billion and $ 0.6 billion, respectively, were used at each period. In addition, at June 30, 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 June 30, 2022, the Corporation has a borrowing facility at the discount window of the Federal Reserve Bank of New York amounting to $ 1.4 billion (December 31, 2021 - $ 1.3 billion), which remained unused at June 30, 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	6 Months Ended
	Jun. 30, 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) June 30, 2022 December 31, 2021 Accrued expenses $ 280,991 $ 308,594 Accrued interest payable 33,015 33,227 Accounts payable 97,220 91,804 Dividends payable 42,120 35,937 Trades payable 10,312 13,789 Liability for GNMA loans sold with an option to repurchase 11,034 12,806 Reserves for loan indemnifications 9,881 12,639 Reserve for operational losses 37,718 43,886 Operating lease liabilities (Note 27) 138,217 154,114 Finance lease liabilities (Note 27) 25,463 19,719 Pension benefit obligation 8,214 8,778 Postretirement benefit obligation 158,904 161,988 Others 68,694 70,967 Total other liabilities $ 921,783 $ 968,248

Stockholders' equity

Stockholders' equity	6 Months Ended
	Jun. 30, 2022
Stockholders' Equity Note
Stockholders' Equity	Note 17 – Stockholders’ equity As of June 30, 2022, stockholder’s equity totaled $ 4.3 billion. During the six months ended June 30, 2022, the Corporation declared cash dividends of $ 1.10 (2021 - $ 0.85) per common share amounting to $ 84.2 million (2021 - $ 70.0 million). The quarterly dividend declared to stockholders of record as of the close of business on June 2, 2022 was paid on July 1, 2022. Accelerated share repurchase transaction (“ASR”) On July 12, 2022, the Corporation completed its previously announced accelerated share repurchase program for the repurchase of an aggregate of $ 400 million of Popular’s common stock. Under the terms of the accelerated repurchase agreement (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 the Corporation’s Common Stock (the “Initial Shares”). The transaction was accounted for as a treasury stock transaction. As a result of the receipt of the Initial Shares, the Corporation recognized in stockholders’ 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 received an additional 1,582,922 shares of Popular’s common stock and recognized approximately $ 120 million as treasury stock with a corresponding increase in its capital surplus account. The Corporation repurchased a total of 5,066,864 shares at an average purchased price of $ 78.9443 under the ASR Agreement. On May 3, 2021, the Corporation entered into a $ 350 million accelerated share repurchase (“ASR”) transaction with respect to its common stock, which was accounted for as a treasury stock transaction. As a result of the receipt of the initial 3,785,831 shares, the Corporation recognized in stockholders’ equity approximately $ 280 million in treasury stock and $ 70 million as a reduction in capital surplus. The Corporation completed the transaction on September 9, 2021 and received 828,965 additional shares of Popular’s common stock and recognized $ 61 million in treasury stock with a corresponding increase in its capital surplus account. In total, the Corporation repurchased a total of 4,614,796 shares at an average price of $ 75.8430 under the 2021 ASR transaction.

Other comprehensive (loss) inco

Other comprehensive (loss) income	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2022 and 2021. Changes in Accumulated Other Comprehensive Loss by Component [1] Quarters ended Six months ended June 30, June 30, (In thousands) 2022 2021 2022 2021 Foreign currency translation Beginning Balance $ ( 70,165) $ ( 70,685) $ ( 67,307) $ ( 71,254) Other comprehensive income 5,998 2,726 3,140 3,295 Net change 5,998 2,726 3,140 3,295 Ending balance $ ( 64,167) $ ( 67,959) $ ( 64,167) $ ( 67,959) Adjustment of pension and postretirement benefit plans Beginning Balance $ ( 155,281) $ ( 191,814) $ ( 158,994) $ ( 195,056) Other comprehensive income before reclassifications - - 1,269 - Amounts reclassified from accumulated other comprehensive loss for amortization of net losses 2,444 3,242 4,888 6,484 Net change 2,444 3,242 6,157 6,484 Ending balance $ ( 152,837) $ ( 188,572) $ ( 152,837) $ ( 188,572) Unrealized net holding (losses) gains on debt securities Beginning Balance $ ( 1,171,950) $ 90,955 $ ( 96,120) $ 460,900 Other comprehensive (loss) income ( 563,420) 73,027 ( 1,639,250) ( 296,918) Net change ( 563,420) 73,027 ( 1,639,250) ( 296,918) Ending balance $ ( 1,735,370) $ 163,982 $ ( 1,735,370) $ 163,982 Unrealized net losses on cash flow hedges Beginning Balance $ 158 $ ( 3,194) $ ( 2,648) $ ( 4,599) Other comprehensive (loss) income before reclassifications ( 332) ( 230) 2,807 1,127 Amounts reclassified from accumulated other comprehensive loss ( 468) 282 ( 801) 330 Net change ( 800) 52 2,006 1,457 Ending balance $ ( 642) $ ( 3,142) $ ( 642) $ ( 3,142) Total $ ( 1,953,016) $ ( 95,691) $ ( 1,953,016) $ ( 95,691) [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 and six months ended June 30, 2022 and 2021. Reclassifications Out of Accumulated Other Comprehensive Loss Quarters ended Six Months ended Affected Line Item in the June 30, June 30, (In thousands) Consolidated Statements of Operations 2022 2021 2022 2021 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ ( 3,911) $ ( 5,189) $ ( 7,822) $ ( 10,379) Total before tax ( 3,911) ( 5,189) ( 7,822) ( 10,379) Income tax benefit 1,467 1,947 2,934 3,895 Total net of tax $ ( 2,444) $ ( 3,242) $ ( 4,888) $ ( 6,484) Unrealized net losses on cash flow hedges Forward contracts Mortgage banking activities $ 1,099 $ 2 $ 2,077 $ 348 Interest rate swaps Other operating income ( 219) ( 282) ( 498) ( 537) Total before tax 880 ( 280) 1,579 ( 189) Income tax benefit ( 412) ( 2) ( 778) ( 141) Total net of tax $ 468 $ ( 282) $ 801 $ ( 330) Total reclassification adjustments, net of tax $ ( 1,976) $ ( 3,524) $ ( 4,087) $ ( 6,814)

Guarantees

Guarantees	6 Months Ended
	Jun. 30, 2022
Guarantees
Guarantees	Note 19 – Guarantees At June 30, 2022, the Corporation recorded a liability of $ 0.2 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 June 30, 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 and six months ended June 30, 2022, the Corporation repurchased approximately $ 2 million and $ 5 million, respectively, of unpaid principal balance in mortgage loans subject to the credit recourse provisions ( June 30, 2021 - $ 7 million and $ 15 million, respectively). 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 June 30, 2022, the Corporation’s liability established to cover the estimated credit loss exposure related to loans sold or serviced with credit recourse amounted to $ 9 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 and six months ended June 30, 2022 and 2021 . Quarters ended June 30, Six months ended June 30, (In thousands) 2022 2021 2022 2021 Balance as of beginning of period $ 10,335 $ 20,244 $ 11,800 $ 22,484 Provision (benefit) for recourse liability ( 395) ( 1,568) ( 349) ( 751) Net charge-offs ( 845) ( 3,014) ( 2,356) ( 6,071) Balance as of end of period $ 9,095 $ 15,662 $ 9,095 $ 15,662 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 six months ended June 30, 2022, the Corporation purchased $ 1 million under representation and warranty arrangements. There were no repurchases of loans under representation and warranty arrangements during the six months ended June 30, 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. At June 30, 2022, the Corporation’s liability for estimated losses associated with indemnifications and representations and warranties related to loans sold by BPPR amounted to $ 0.8 million (December 31, 2021 - $ 0.8 million). 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 June 30, 2022, the Corporation serviced $ 11.6 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 June 30, 2022, the outstanding balance of funds advanced by the Corporation under such mortgage loan servicing agreements was approximately $ 46 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 June 30, 2022 and December 31, 2021. In addition, at June 30, 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	6 Months Ended
	Jun. 30, 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) June 30, 2022 December 31, 2021 Commitments to extend credit: Credit card lines $ 5,727,176 $ 5,382,089 Commercial and construction lines of credit 3,982,769 3,830,601 Other consumer unused credit commitments 249,490 250,229 Commercial letters of credit 1,991 3,260 Standby letters of credit 31,437 27,848 Commitments to originate or fund mortgage loans 121,631 95,372 At June 30, 2022 and December 31, 2021, the Corporation maintained a reserve of approximately $ 6.9 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 June 30, 2022, and December 31, 2021, the Corporation also maintained other non-credit commitments for approximately $ 1.5 million and $ 1.0 million, respectively, primarily for the acquisition of other investments. Business concentration Since the Corporation’s business activities are concentrated primarily in Puerto Rico, its results of operations and financial condition are dependent upon the general trends of the Puerto Rico economy and, in particular, the residential and commercial real estate markets. The concentration of the Corporation’s operations in Puerto Rico exposes it to greater risk than other banking companies with a wider geographic base. Its asset and revenue composition by geographical area is presented in Note 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 June 30, 2022, the Corporation’s direct exposure to the Puerto Rico government and its instrumentalities and municipalities totaled $ 396 million, of which $ 353 million were outstanding ($ 367 million and $ 349 million at December 31, 2021). Of the amount outstanding, $ 326 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 June 30, 2022 and December 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 June 30, 2022, 73% 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 June 30, 2022: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 15 $ - $ 15 $ 15 After 5 to 10 years 1 - 1 1 After 10 years 31 - 31 31 Total Central Government 47 - 47 47 Municipalities Within 1 year 4,440 31,880 36,320 372,881 After 1 to 5 years 13,045 67,472 80,517 13,045 After 5 to 10 years 9,530 170,643 180,173 9,530 After 10 years 230 55,257 55,487 230 Total Municipalities 27,245 325,252 352,497 395,686 Total Direct Government Exposure $ 27,292 $ 325,252 $ 352,544 $ 395,733 In addition, at June 30, 2022, the Corporation had $ 262 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 $ 220 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 June 30, 2022, $ 42 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, $ 1.5 billion of residential mortgages, $ 89 million of Small Business Administration (“SBA”) loans under the Paycheck Protection Program (“PPP”) and $ 69 million commercial loans were insured or guaranteed by the U.S. Government or its agencies at June 30, 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 June 30, 2022, the Corporation has operations in the United States Virgin Islands (the “USVI”) and has approximately $ 29 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 June 30, 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 $ 217 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 $ 30.5 million as of June 30, 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 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. In December 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, and 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 May 9, 2022, the trial court issued an amended resolution denying for a second time Popular Insurance’s Motion for Summary Judgment. On June 14, 2022, 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. Plaintiffs filed their response brief on July 28, 2022. The petition of Certiorari is now fully briefed and pending resolution. Mortgage-Related Litigation BPPR was named a defendant in a putative class action captioned Yiries Josef Saad Maura v. Banco Popular, et al. on behalf of residential customers of the defendant banks who have allegedly been subject to illegal foreclosures and/or loan modifications through their mortgage servicers. Plaintiffs contend that when they sought to reduce their loan payments, defendants failed to provide them with such reduced loan payments, instead subjecting them to lengthy loss mitigation processes while filing foreclosure claims against them in parallel, all in violation of the Truth In Lending Act (“TILA”), the Real Estate Settlement Procedures Act (“RESPA”), the Equal Credit Opportunity Act (“ECOA”), the Fair Credit Reporting Act (“FCRA”), the Fair Debt Collection Practices Act (“FDCPA”) and other consumer-protection laws and regulations. Plaintiffs did not include a specific amount of damages in their complaint. After waiving service of process, BPPR filed a motion to dismiss the complaint (as did most co-defendants, separately). BPPR further filed a motion to oppose class certification, which the Court granted in September 2018. In April 2019, the Court entered an Opinion and Order granting BPPR’s and several other defendants’ motions to dismiss with prejudice. Plaintiffs filed a Motion for Reconsideration in April 2019, which Popular timely opposed. In September 2019, the Court issued an Amended Opinion and Order dismissing plaintiffs’ claims against all defendants, denying the reconsideration requests and other pending motions, and issuing final judgment. In October 2019, plaintiffs filed a Motion for Reconsideration of the Court’s Amended Opinion and Order, which was denied in December 2019. In January 2020, plaintiffs filed a Notice of Appeal to the U.S. Court of Appeals for the First Circuit. Plaintiffs filed their appeal brief in July 2020, Appellees filed their brief in September 2020, and Appellants filed their reply brief in January 2021. The appeal is now fully briefed and pending resolution. Insufficient Funds and Overdraft Fees Class Actions In February 2020, BPPR was served with a putative class action complaint captioned Soto-Melendez v. Banco Popular de Puerto Rico, filed before the United States District Court for the District of Puerto Rico. The complaint alleges breach of contract, breach of the covenant of good faith and fair dealing and unjust enrichment due to BPPR’s purported practice of (a) assessing more than one insufficient funds fee (“NSF Fees”) on the same 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. In March 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. The parties expect to submit the settlement agreement for the Court's approval during August 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. In October 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. During a status hearing held on June 7, 2022, the District Court entered an amended scheduling order extending the discovery deadline to March 31, 2023 and granting plaintiffs until April 14, 2023 to file a motion for class certification. 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. On May 13, 2022, Plaintiff in the Lipsett complaint filed a new complaint captioned Lipsett v. Banco Popular North America d/b/a Popular Community Bank with the same allegations of his previous complaint against Popular. On June 10, 2022, after serving Plaintiff with a written notice of election to arbitrate the claims asserted in the complaint which went unanswered, Popular Bank filed a Pre-Motion Conference motion related to a new Motion to Compel Arbitration. The Court has yet to rule on the motion. 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 June 30, 2022, was named as a respondent (among other broker-dealers) in 41 pending arbitration proceedings with initial claimed amounts of approximately $ 40.5 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, which is yet to be fully briefed. Cyber Incident Related Litigation BPPR was named defendant in a putative class action complaint filed before the U.S. District Court for the District of Puerto Rico, captioned Rosa E. Rivera Marrero v. Banco Popular de Puerto Rico. Plaintiff contends BPPR failed to properly secure and safeguard the class members’ personally identifiable information (“PII”) which was purportedly exposed through a data breach experienced by a BPPR’s vendor in June 2021. Such data breach, which as alleged involved BPPR’s files, occurred via the exploitation of an alleged vulnerability in Accellion FTA, a legacy software product developed by Accellion, Inc used by BPPR’s vendor. Plaintiff further alleges that, during the data breach, an unauthorized actor removed one or more documents that contained PII of the plaintiff and purported class members. Plaintiff demands injunctive relief requesting, among other things, BPPR to protect all data collected through the course of its business in accordance with all applicable regulations, industry standards and federal, state or local laws, as well as an award for damages, attorneys’ fees, costs and litigation expenses. BPPR was served with process on May 27, 2022 and, on August 1, 2022, filed a Motion to Dismiss, which is yet to be fully briefed. 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

Non-consolidated variable inter

Non-consolidated variable interest entities	6 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 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 June 30, 2022 and December 31, 2021. (In thousands) June 30, 2022 December 31, 2021 Assets Servicing assets: Mortgage servicing rights $ 101,094 $ 94,464 Total servicing assets $ 101,094 $ 94,464 Other assets: Servicing advances $ 6,922 $ 7,968 Total other assets $ 6,922 $ 7,968 Total assets $ 108,016 $ 102,432 Maximum exposure to loss $ 108,016 $ 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 $ 8.1 billion at June 30, 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 June 30, 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 June 30, 2022.

Related party transactions

Related party transactions	6 Months Ended
	Jun. 30, 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 June 30, 2022, the Corporation held 11,654,803 shares of Evertec, representing an ownership stake of 16.3 % . As of June 30, 2022, the Corporation had significant influence over Evertec. Accordingly, as of June 30, 2022, the investment in Evertec was accounted for under the equity method and evaluated for impairment if events or circumstances indicate that a decrease in value of the investment has occurred that is other than temporary. As discussed in Note 33, Subsequent Events, on July 1, 2022, the Corporation’s wholly owned subsidiary, Banco Popular de Puerto Rico (“BPPR”), completed its previously announced acquisition of certain assets from Evertec Group, LLC (“Evertec Group”), a wholly owned subsidiary of Evertec, Inc. (“Evertec”) (NYSE: EVTC), to service certain BPPR channels. As a result of the closing of the transaction, BPPR acquired from Evertec Group certain critical channels, including BPPR’s retail and business digital banking and commercial cash management applications. BPPR also entered into amended and restated service agreements with Evertec Group pursuant to which Evertec Group will continue to provide various information technology and transaction processing services to Popular, BPPR and their respective subsidiaries. Under the amended service agreements, the Evertec Group will no longer have exclusive rights to provide certain of Popular’s technology services. The amended service agreements includes discounted pricing and lowered caps on contractual pricing escalators tied to the Consumer Price Index. As part of the transaction, BPPR and Evertec entered into a revenue sharing structure for BPPR in connection with its merchant acquiring relationship with Evertec. As consideration for the transaction, BPPR delivered to Evertec Group 4,589,169 shares of Evertec common stock valued at closing at $ 169 million (based on Evertec’s stock price on June 30, 2022 of $ 36.88), resulting in an after-tax gain of approximately $ 112 million. As a result of the transfer of the shares used as consideration for the transaction, Popular’s ownership stake in Evertec was reduced from approximately 16.3% to approximately 10.6% at the closing of the transaction. In connection with the transaction, Popular has agreed to further reduce its voting interest in Evertec to no more than 4.5%, whether through selling shares of Evertec common stock or a conversion of such shares into non-voting preferred stock within 90 days of the closing of the transaction. Popular expects to sell down its stake in Evertec to no more than 4.5%, subject to market conditions, and intends to return to Popular shareholders, via common stock repurchases, any after-tax gains resulting from such sale, subject to the receipt of regulatory approvals. The Corporation recorded $ 1.2 million in dividends distributions during the six months ended June 30, 2022 from its investments in Evertec (June 30, 2021 - $ 1.2 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) June 30, 2022 December 31, 2021 Equity investment in Evertec $ 125,330 $ 110,299 The Corporation had the following financial condition balances outstanding with Evertec at June 30, 2022 and December 31, 2021. Items that represent liabilities to the Corporation are presented with parenthesis. (In thousands) June 30, 2022 December 31, 2021 Accounts receivable (Other assets) $ 2,800 $ 5,668 Deposits ( 106,200) ( 150,737) Accounts payable (Other liabilities) ( 1,252) ( 3,431) Net total $ ( 104,652) $ ( 148,500) The Corporation’s proportionate share of income or loss 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 (loss) and changes in stockholders’ equity for the quarters and six months ended June 30, 2022 and 2021. Quarter ended Six Months ended (In thousands) June 30, 2022 June 30, 2022 Share of income from the investment in Evertec $ 5,480 $ 11,827 Share of other changes in Evertec's stockholders' equity 1,410 3,168 Share of Evertec's changes in equity recognized in income $ 6,890 $ 14,995 Quarter ended Six Months ended (In thousands) June 30, 2021 June 30, 2021 Share of income from the investment in Evertec $ 7,967 $ 13,716 Share of other changes in Evertec's stockholders' equity 237 400 Share of Evertec's changes in equity recognized in income $ 8,204 $ 14,116 The following tables present the transactions and service payments between the Corporation and Evertec (as an affiliate) and their impact on the results of operations for the quarters and six months ended June 30, 2022 and 2021. Items that represent expenses to the Corporation are presented with parenthesis. Quarter ended Six Months ended (In thousands) June 30, 2022 June 30, 2022 Category Interest expense on deposits $ ( 135) $ ( 267) Interest expense ATH and credit cards interchange income from services to Evertec 7,272 13,955 Other service fees Rental income charged to Evertec 1,577 3,258 Net occupancy Processing fees on services provided by Evertec ( 66,459) ( 128,681) Professional fees Other services provided to Evertec 202 420 Other operating expenses Total $ ( 57,543) $ ( 111,315) Quarter ended Six Months ended (In thousands) June 30, 2021 June 30, 2021 Category Interest expense on deposits $ ( 75) $ ( 164) Interest expense ATH and credit cards interchange income from services to Evertec 6,976 13,429 Other service fees Rental income charged to Evertec 1,396 2,943 Net occupancy Processing fees on services provided by Evertec ( 60,740) ( 120,881) Professional fees Other services provided to Evertec 219 340 Other operating expenses Total $ ( 52,224) $ ( 104,333) Centro Financiero BHD León At June 30, 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 six months ended June 30, 2022, the Corporation recorded $ 14.5 million in earnings from its investment in BHD León (June 30, 2021 - $ 12.6 million), which had a carrying amount of $ 184.8 million at June 30, 2022 (December 31, 2021 - $ 180.3 million). The Corporation received $ 16.0 million in dividends distributions during the six months ended June 30, 2022 from its investment in BHD León (June 30, 2021 - $ 4.3 million). Investment Companies The Corporation, through its subsidiary Popular Asset Management LLC (“PAM”), provides advisory services to several investment companies registered under the Investment Company Act of 1940 in exchange for a fee. The Corporation, through its subsidiary BPPR, also provides administrative, custody and transfer agency services to these investment companies. These fees are calculated at an annual rate of the average net assets of the investment company, as defined in each agreement. Due to its advisory role, the Corporation considers these investment companies as related parties. For the six months ended June 30, 2022 administrative fees charged to these investment companies amounted to $ 1.3 million (June 30, 2021 - $ 2.3 million) and waived fees amounted to $ 0.5 million (June 30, 2021 - $ 0.8 million), for a net fee of $ 0.8 million (June 30, 2021 - $ 1.5 million).

Fair value measurement

Fair value measurement	6 Months Ended
	Jun. 30, 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 June 30, 2022 and December 31, 2021: At June 30, 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 $ 2,019,437 $ 16,821,045 $ - $ - $ 18,840,482 Obligations of U.S. Government sponsored entities - 70 - - 70 Collateralized mortgage obligations - federal agencies - 172,784 - - 172,784 Mortgage-backed securities - 7,251,541 779 - 7,252,320 Other - 95 500 - 595 Total debt securities available-for-sale $ 2,019,437 $ 24,245,535 $ 1,279 $ - $ 26,266,251 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 16,873 $ - $ - $ - $ 16,873 Obligations of Puerto Rico, States and political subdivisions - 73 - - 73 Collateralized mortgage obligations - 51 152 - 203 Mortgage-backed securities - 14,904 - - 14,904 Other - - 264 - 264 Total trading account debt securities, excluding derivatives $ 16,873 $ 15,028 $ 416 $ - $ 32,317 Equity securities $ - $ 28,214 $ - $ 215 $ 28,429 Mortgage servicing rights - - 129,877 - 129,877 Derivatives - 17,218 - - 17,218 Total assets measured at fair value on a recurring basis $ 2,036,310 $ 24,305,995 $ 131,572 $ 215 $ 26,474,092 Liabilities Derivatives $ - $ ( 16,173) $ - $ - $ ( 16,173) Contingent consideration - - ( 9,241) - ( 9,241) Total liabilities measured at fair value on a recurring basis $ - $ ( 16,173) $ ( 9,241) $ - $ ( 25,414) 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 and six months ended June 30, 2022 and 2021 and excludes nonrecurring fair value measurements of assets no longer outstanding as of the reporting date. Six months ended June 30, 2022 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 6,694 $ 6,694 $ ( 1,183) Other real estate owned [2] - - 2,161 2,161 ( 769) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 8,855 $ 8,855 $ ( 1,952) [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] 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. Six months ended June 30, 2021 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 19,369 $ 19,369 $ ( 2,957) Loans held-for-sale [2] - - 8,700 8,700 ( 596) Other real estate owned [3] - - 7,942 7,942 ( 1,503) Long-lived assets held-for-sale [4] - - 2,728 2,728 ( 303) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 38,739 $ 38,739 $ ( 5,359) [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 and six months ended June 30, 2022 and 2021 . Quarter ended June 30, 2022 MBS Other CMOs Other classified securities classified securities as debt classified as as trading classified securities debt securities account as trading Mortgage available- available- debt account debt servicing Total Contingent Total (In thousands) for-sale for-sale securities securities rights assets consideration liabilities Balance at March 31, 2022 $ 793 $ - $ 174 $ 267 $ 125,358 $ 126,592 $ 9,241 $ 9,241 Gains (losses) included in earnings - - - ( 3) 2,258 2,255 - - Gains (losses) included in OCI 11 - - - - 11 - - Additions - 500 - - 2,261 2,761 - - Settlements ( 25) - ( 22) - - ( 47) - - Balance at June 30, 2022 $ 779 $ 500 $ 152 $ 264 $ 129,877 $ 131,572 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2022 $ - $ - $ ( 1) $ 2 $ 5,318 $ 5,319 $ - $ - Six months ended June 30, 2022 MBS Other Other classified securities CMOs securities as investment classified as classified classified securities debt securities as trading as trading Mortgage available- available- account account servicing Total Contingent Total (In thousands) for-sale for-sale securities securities rights assets consideration liabilities Balance at January 1, 2022 $ 826 $ - $ 198 $ 280 $ 121,570 $ 122,874 $ 9,241 $ 9,241 Gains (losses) included in earnings - - ( 1) ( 16) 3,275 3,258 - - Gains (losses) included in OCI 3 - - - - 3 - - Additions - 500 2 - 5,032 5,534 - - Settlements ( 50) - ( 47) - - ( 97) - - Balance at June 30, 2022 $ 779 $ 500 $ 152 $ 264 $ 129,877 $ 131,572 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2022 $ - $ - $ ( 1) $ 7 $ 9,571 $ 9,577 $ - $ - Quarter ended June 30, 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 March 31, 2021 $ 934 $ 251 $ 372 $ 122,543 $ 124,100 Gains (losses) included in earnings - - ( 11) ( 6,249) ( 6,260) Gains (losses) included in OCI 4 - - - 4 Additions - 23 - 3,173 3,196 Settlements - ( 24) - - ( 24) Balance at June 30, 2021 $ 938 $ 250 $ 361 $ 119,467 $ 121,016 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2021 $ - $ - $ 5 $ ( 2,036) $ ( 2,031) Six months ended June 30, 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 January 1, 2021 $ 1,014 $ 278 $ 381 $ 118,395 $ 120,068 Gains (losses) included in earnings - - ( 20) ( 5,737) ( 5,757) Gains (losses) included in OCI ( 1) - - - ( 1) Additions - 24 - 6,809 6,833 Settlements ( 75) ( 52) - - ( 127) Balance at June 30, 2021 $ 938 $ 250 $ 361 $ 119,467 $ 121,016 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2021 $ - $ - $ 9 $ 3,126 $ 3,135 Gains and losses (realized and unrealized) included in earnings for the quarters and six months ended June 30, 2022 and 2021 for Level 3 assets and liabilities included in the previous tables are reported in the consolidated statement of operations as follows: Quarter ended June 30, 2022 Six months ended June 30, 2022 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 $ 2,258 $ 5,318 $ 3,275 $ 9,571 Trading account profit (loss) ( 3) 1 ( 17) 6 Total $ 2,255 $ 5,319 $ 3,258 $ 9,577 Quarter ended June 30, 2021 Six months ended June 30, 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 $ ( 6,249) $ ( 2,036) $ ( 5,737) $ 3,126 Trading account profit (loss) ( 11) 5 ( 20) 9 Total $ ( 6,260) $ ( 2,031) $ ( 5,757) $ 3,135 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 June 30, 2022 and 2021. Fair value at June 30, (In thousands) 2022 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 152 Discounted cash flow model Weighted average life 0.6 years ( 0.3 - 0.8 years) Yield 4.2% ( 4.2% - 4.8%) Prepayment speed 12.5% ( 12.0% - 16.3%) Other - trading $ 264 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 $ 3,779 [2] External appraisal Haircut applied on external appraisals 12.6% Other real estate owned $ 76 [3] External appraisal Haircut applied on external appraisals 5.0% [1] Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table. [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table. Fair value at June 30, (In thousands) 2021 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 250 Discounted cash flow model Weighted average life 1.0 years ( 0.3 - 1.2 years) Yield 3.6% ( 3.6% - 4.1%) Prepayment speed 13.1% ( 10.2% - 18.1%) Other - trading $ 361 Discounted cash flow model Weighted average life 3.6 years Yield 12.0% Prepayment speed 10.8% Mortgage servicing rights $ 119,467 Discounted cash flow model Prepayment speed 6.0% ( 0.3% - 33.1)%) Weighted average life 6.2 years ( 0.1 - 13.1 years) Discount rate 11.1% ( 9.5% - 14.7%) Loans held-in-portfolio $ 18,565 [2] External appraisal Haircut applied on external appraisals 11.1% ( 10.0% - 30.5%) Other real estate owned $ 6,672 [3] External appraisal Haircut applied on external appraisals 20.3% ( 5.0% - 35.0%) [1] Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table. [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table. 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	6 Months Ended
	Jun. 30, 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 June 30, 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. June 30, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 528,590 $ 528,590 $ - $ - $ - $ 528,590 Money market investments 9,687,356 9,680,569 6,787 - - 9,687,356 Trading account debt securities, excluding derivatives [1] 32,317 16,873 15,028 416 - 32,317 Debt securities available-for-sale [1] 26,266,251 2,019,437 24,245,535 1,279 - 26,266,251 Debt securities held-to-maturity: U.S. Treasury securities $ 1,588,746 $ - $ 1,577,586 $ - $ - $ 1,577,586 Obligations of Puerto Rico, States and political subdivisions 61,790 - - 65,991 - 65,991 Collateralized mortgage obligation-federal agency 24 - - 24 - 24 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities held-to-maturity $ 1,656,520 $ - $ 1,583,546 $ 66,015 $ - $ 1,649,561 Equity securities: FHLB stock $ 49,595 $ - $ 49,595 $ - $ - $ 49,595 FRB stock 94,691 - 94,691 - - 94,691 Other investments 31,584 - 28,214 3,982 215 32,411 Total equity securities $ 175,870 $ - $ 172,500 $ 3,982 $ 215 $ 176,697 Loans held-for-sale $ 28,546 $ - $ - $ 29,008 $ - $ 29,008 Loans held-in-portfolio 29,689,186 - - 28,385,203 - 28,385,203 Mortgage servicing rights 129,877 - - 129,877 - 129,877 Derivatives 17,218 - 17,218 - - 17,218 June 30, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 58,232,142 $ - $ 58,232,142 $ - $ - $ 58,232,142 Time deposits 7,095,522 - 6,813,156 - - 6,813,156 Total deposits $ 65,327,664 $ - $ 65,045,298 $ - $ - $ 65,045,298 Assets sold under agreements to repurchase $ 70,925 $ - $ 70,991 $ - $ - $ 70,991 Notes payable: FHLB advances $ 391,429 $ - $ 371,908 $ - $ - $ 371,908 Unsecured senior debt securities 298,475 - 305,052 - - 305,052 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,306 - 197,151 - - 197,151 Total notes payable $ 888,210 $ - $ 874,111 $ - $ - $ 874,111 Derivatives $ 16,173 $ - $ 16,173 $ - $ - $ 16,173 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 June 30, 2022 and December 31, 2021 is $ 10 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 June 30, 2022 and December 31, 2021 is $ 33 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	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2022 and 2021: Quarters ended June 30, Six months ended June 30, (In thousands, except per share information) 2022 2021 2022 2021 Net income $ 211,421 $ 218,079 $ 423,107 $ 480,711 Preferred stock dividends ( 353) ( 353) ( 706) ( 706) Net income applicable to common stock $ 211,068 $ 217,726 $ 422,401 $ 480,005 Average common shares outstanding 76,171,784 81,609,435 77,301,469 82,748,275 Average potential dilutive common shares 115,099 163,354 124,805 140,103 Average common shares outstanding - assuming dilution 76,286,883 81,772,789 77,426,274 82,888,378 Basic EPS $ 2.77 $ 2.67 $ 5.46 $ 5.80 Diluted EPS $ 2.77 $ 2.66 $ 5.46 $ 5.79 As disclosed in Note 17 to the Consolidated Financial Statements, during the six-month period ended June 30, 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 remained outstanding as of June 30, 2022, for which the Corporation expected to receive additional shares upon the termination of the ASR agreement. The dilutive EPS computation excludes 1,564,406 shares that at June 30, 2022 were estimated to be received under the ASR since the effect would be antidilutive. As discussed in Note 17 to the Consolidated Financial Statements, on July 12, 2022, the Corporation completed the ASR and received an additional 1,582,922 shares of common stock, upon the settlement of the ASR agreement. For the quarters and six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2022 and 2021 Quarter ended June 30, Six months ended June 30, (In thousands) 2022 2022 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 38,993 $ 2,816 $ 76,978 $ 5,544 Other service fees: Debit card fees 12,660 222 24,222 439 Insurance fees, excluding reinsurance 9,982 1,374 20,020 2,696 Credit card fees, excluding late fees and membership fees 34,785 311 65,007 635 Sale and administration of investment products 6,017 - 11,808 - Trust fees 6,358 - 12,507 - Total revenue from contracts with customers [1] $ 108,795 $ 4,723 $ 210,542 $ 9,314 [1] The amounts include intersegment transactions of $ 3.5 million and $ 5 million, respectively, for the quarter and six months ended June 30, 2022. Quarter ended June 30, Six months ended June 30, (In thousands) 2021 2021 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 37,377 $ 2,776 $ 74,236 $ 5,537 Other service fees: Debit card fees 12,213 245 23,555 480 Insurance fees, excluding reinsurance 9,835 820 18,073 1,429 Credit card fees, excluding late fees and membership fees 29,717 266 55,127 514 Sale and administration of investment products 5,970 - 11,510 - Trust fees 6,289 - 12,304 - Total revenue from contracts with customers [1] $ 101,401 $ 4,107 $ 194,805 $ 7,960 [1] The amounts include intersegment transactions of $ 2 million and $ 2.3 million, respectively, for the quarter and six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 0.2 to 31.5 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: June 30, 2022 (In thousands) Remaining 2022 2023 2024 2025 2026 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 14,676 $ 27,985 $ 26,571 $ 23,644 $ 15,171 $ 47,965 $ 156,012 $ ( 17,795) $ 138,217 Finance Leases 2,079 4,225 4,323 4,434 4,084 9,995 29,140 ( 3,677) 25,463 The following table presents the lease cost recognized by the Corporation in the Consolidated Statements of Operations as follows: Quarters ended June 30, Six months ended June 30, (In thousands) 2022 2021 2022 2021 Finance lease cost: Amortization of ROU assets $ 686 $ 475 $ 1,445 $ 1,056 Interest on lease liabilities 279 265 587 538 Operating lease cost 7,660 7,150 15,287 14,205 Short-term lease cost 113 88 168 175 Variable lease cost 30 20 53 50 Sublease income ( 10) ( 19) ( 19) ( 38) Total lease cost [1] $ 8,758 $ 7,979 $ 17,521 $ 15,986 [1] Total lease cost is recognized as part of net occupancy expense, except for the net gain recognized from sale and leaseback transactions which was included as part of other operating income. The following table presents supplemental cash flow information and other related information related to operating and finance leases. Six months ended June 30, (Dollars in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases [1] $ 15,005 $ 22,542 Operating cash flows from finance leases 587 538 Financing cash flows from finance leases [1] 1,592 1,692 ROU assets obtained in exchange for new lease obligations: Operating leases $ 1,806 $ 2,801 Finance leases 556 - Weighted-average remaining lease term: Operating leases 7.5 years 8.1 years Finance leases 8.5 years 8.7 years Weighted-average discount rate: Operating leases 2.8 % 3.0 % Finance leases 4.3 % 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 June 30, 2022, the Corporation has additional operating and finance leases contracts that have not yet commenced with an undiscounted contract amount of $ 17.1 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	6 Months Ended
	Jun. 30, 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 June 30, Quarters ended June 30, (In thousands) 2022 2021 2022 2021 Personnel Cost: Service cost $ - $ - $ 121 $ 160 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 - 469 Total net periodic pension cost $ ( 136) $ ( 952) $ 1,104 $ 1,522 Pension Plans OPEB Plan Six months ended June 30, Six months ended June 30, (In thousands) 2022 2021 2022 2021 Personnel Cost: Service cost $ - $ - $ 242 $ 320 Other operating expenses: Interest cost 9,600 7,996 1,966 1,785 Expected return on plan assets ( 17,694) ( 19,341) - - Amortization prior service cost/(credit) - - - - Amortization of net loss 7,822 9,440 - 939 Total net periodic pension cost $ ( 272) $ ( 1,905) $ 2,208 $ 3,044 The Corporation paid the following contributions to the plans for the six months ended June 30, 2022 and expects to pay the following contributions for the year ending December 31, 2022. For the six months ended For the year ending (In thousands) June 30, 2022 December 31, 2022 Pension Plans $ 114 $ 227 OPEB Plan $ 3,305 $ 5,971

Stock-based compensation

Stock-based compensation	6 Months Ended
	Jun. 30, 2022
Disclosure of compensation related costs sharebased payments [Abstract]
Stock-based Compensation	Note 29 - Stock-based compensation Incentive Plan On May 12, 2020, the shareholders of the Corporation approved the Popular, Inc. 2020 Omnibus Incentive Plan, which permits the Corporation to issue several types of stock-based compensation to employees and directors of the Corporation and/or any of its subsidiaries (the “2020 Incentive Plan”). The 2020 Incentive Plan replaced the Popular, Inc. 2004 Omnibus Incentive Plan, which was in effect prior to the adoption of the 2020 Incentive Plan (the “2004 Incentive Plan” and, together with the 2020 Incentive Plan, the “Incentive Plan”). Participants under the Incentive Plan are designated by the 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 to its employees and restricted stock and restricted stock units (“RSUs”) to its directors. The restricted stock granted under the Incentive Plan to employees becomes vested based on the employees’ continued service with Popular. Unless otherwise stated in an agreement, the compensation cost associated with the shares of restricted stock 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 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 awards 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”) goal. 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 192,903 84.34 Performance Shares Quantity Adjustment 9,255 55.51 Vested ( 234,158) 67.23 Forfeited ( 295) 76.85 Non-vested at June 30, 2022 289,588 $ 56.89 During the quarter ended June 30, 2022, 83,462 shares of restricted stock (June 30, 2021 – 66,866) were awarded to management under the Incentive Plan. During the quarters ended June 30, 2022 and 2021, no performance shares were awarded to management under the Incentive Plan. For the six months ended June 30, 2022, 136,046 shares of restricted stock (June 30, 2021 – 120,105) and 56,857 performance shares ( June 30, 2021 - 71,374) were awarded to management under the Incentive Plan. During the quarter ended June 30, 2022, the Corporation recognized $ 2.9 million of restricted stock expense related to management incentive awards, with a tax benefit of $ 0.7 million (June 30, 2021 - $ 2.3 million, with a tax benefit of $ 0.5 million). For the six months ended June 30, 2022, the Corporation recognized $ 7.5 million of restricted stock expense related to management incentive awards, with a tax benefit of $ 1.2 million (June 30, 2021 - $ 6.2 million, with a tax benefit of $ 1.1 million). For the six months ended June 30, 2022, the fair market value of the restricted stock and performance shares vested was $ 6.9 million at grant date and $ 10.5 million at vesting date. This differential triggers a windfall of $ 3.1 million that was recorded as a reduction on income tax expense. During the quarter ended June 30, 2022 the Corporation recognized $ 0.3 million of performance shares expense, with a tax benefit of $ 12 thousand (June 30, 2021 - $ 0.3 million, with a tax benefit of $ 12 thousand) . For the six months ended June 30, 2022, the Corporation recognized $ 4.0 million of performance shares expense, with a tax benefit of $ 0.3 million (June 30, 2021 - $ 4.6 million, with a tax benefit of $ 0.5 million) . The total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management at June 30, 2022 was $ 13.1 million and is expected to be recognized over a weighted-average period of 1.9 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 23,552 77.59 Vested ( 23,552) 77.59 Forfeited - - Non-vested at June 30, 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 in May 2019, all equity awards granted to the Directors may be paid in either restricted stock or RSUs at each Directors election. If RSUs are elected, the Directors may defer the delivery of the shares of common stock underlying the RSUs award until their retirement. To the extent that cash dividends are paid on the Corporation’s outstanding common stock, the Directors will receive an additional number of RSUs that reflect a reinvested dividend equivalent. For 2022, 2021 and 2020, all Directors elected RSUs. During the quarter ended June 30, 2022, 23,022 RSUs were granted to the Directors (June 30, 2021 - 19,010) and the Corporation recognized expense related to these RSUs of $ 1.8 million with a tax benefit of $ 0.3 million (June 30, 2021 - $ 1.8 million with a tax benefit of $ 0.3 million). For the six months ended June 30, 2022, the Corporation granted 23,552 RSUs to the Directors (June 30, 2021 - 19,534) and the Corporation recognized $ 1.8 million of expense related to these RSUs, with a tax benefit of $ 0.3 million, (June 30, 2021 - $ 1.8 million, with a tax benefit of $ 0.3 million). The fair value at vesting date of the RSU vested during the six months ended June 30, 2022 for the Directors was $ 1.8 million.

Income taxes

Income taxes	6 Months Ended
	Jun. 30, 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 June 30, 2022 June 30, 2021 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 103,362 38 % $ 109,189 38 % Net benefit of tax exempt interest income ( 41,336) ( 15) ( 36,840) ( 13) Deferred tax asset valuation allowance 2,047 - 5,832 2 Difference in tax rates due to multiple jurisdictions ( 6,817) ( 3) ( 4,881) ( 2) Effect of income subject to preferential tax rate ( 3,097) ( 1) ( 1,405) ( 1) Adjustment due to estimate on the annual effective rate 6,939 3 ( 405) - State and local taxes 3,566 1 2,530 1 Others ( 452) - ( 927) - Income tax expense $ 64,212 23 % $ 73,093 25 % Six months ended June 30, 2022 June 30, 2021 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 201,674 38 % $ 236,488 38 % Net benefit of tax exempt interest income ( 77,825) ( 15) ( 71,003) ( 11) Deferred tax asset valuation allowance 5,938 1 16,153 3 Difference in tax rates due to multiple jurisdictions ( 13,310) ( 3) ( 15,829) ( 3) Effect of income subject to preferential tax rate ( 7,042) ( 1) ( 4,734) ( 1) Adjustment due to estimate on the annual effective rate 559 - ( 10,733) ( 2) State and local taxes 7,231 1 2,591 - Others ( 2,534) - ( 3,009) - Income tax expense $ 114,691 21 % $ 149,924 24 % For the quarter and six months ended June 30, 2022, the Corporation recorded an income tax expense of $ 64.2 million and $ 114.7 million, respectively, compared to $ 73.1 million and $ 149.9 million for the respective periods of 2021. The decrease in income tax expense was primarily due to lower pre-tax income and higher tax exempt income for the quarter and six months ended June 30, 2022. The following table presents a breakdown of the significant components of the Corporation’s deferred tax assets and liabilities. June 30, 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 119,891 652,204 772,095 Postretirement and pension benefits 52,779 - 52,779 Deferred loan origination fees/cost 21 - 21 Allowance for credit losses 233,382 31,025 264,407 Accelerated depreciation 5,246 7,268 12,514 FDIC-assisted transaction 152,665 - 152,665 Intercompany deferred gains 2,477 - 2,477 Lease liability 30,152 21,967 52,119 Unrealized net gain on trading and available-for-sale securities 196,221 16,138 212,359 Difference in outside basis from pass-through entities 46,112 - 46,112 Other temporary differences 33,701 8,291 41,992 Total gross deferred tax assets 872,908 739,674 1,612,582 Deferred tax liabilities: Indefinite-lived intangibles 78,300 52,874 131,174 Right of use assets 27,927 18,499 46,426 Deferred loan origination fees/cost 1,431 3,661 5,092 Other temporary differences 43,044 1,530 44,574 Total gross deferred tax liabilities 150,702 76,564 227,266 Valuation allowance 134,495 434,471 568,966 Net deferred tax asset $ 587,711 $ 228,639 $ 816,350 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 June 30, 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 $ 1.5 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 June 30, 2022 the net deferred tax asset of the U.S. operations amounted to $ 663 million with a valuation allowance of approximately $ 434 million, for a net deferred tax asset after valuation allowance of approximately $ 229 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 period ended June 30, 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 the period ended June 30, 2022 demonstrate financial stability for the U.S. operations, despite the climate of uncertainty as a result of recent global geopolitical and health challenges. These historical financial results are 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 global geopolitical uncertainty. As of June 30, 2022 , after weighting all positive and negative evidence, the Corporation concluded that it is more likely than not that approximately $ 229 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. If our U.S. operations continue to show strong financial results during year 2022 together with the additional income expected from the recent acquisition of K2 assets, along with new tax initiatives, this could be considered additional positive evidence that could overcome totally or partially the negative evidence evaluated as of June 30, 2022, that could increase the amount of benefit from net operating losses that the Corporation estimates to be realized in the future resulting in future adjustments to the valuation allowance. At June 30, 2022, the Corporation’s net deferred tax assets related to its Puerto Rico operations amounted to $ 588 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 June 30, 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 June 30, 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 $ 134 million as of June 30, 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 Balance at June 30 $ 3.5 $ 14.8 At June 30, 2022, the total amount of accrued interest recognized in the statement of financial condition approximated $ 2.9 million (December 31, 2021 - $ 2.8 million). The total interest expense recognized at June 30, 2022 was $ 165 thousand, (June 30, 2021 - $ 727 thousand). Management determined that at June 30, 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 $ 5.7 million at June 30, 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 June 30, 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 $ 1.5 million, including interest.

Supplemental disclosure on the

Supplemental disclosure on the consolidated statements of cash flows	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2022 and June 30, 2021 are listed in the following table: (In thousands) June 30, 2022 June 30, 2021 Non-cash activities: Loans transferred to other real estate $ 37,434 $ 22,012 Loans transferred to other property 25,836 22,450 Total loans transferred to foreclosed assets 63,270 44,462 Loans transferred to other assets 4,183 2,846 Financed sales of other real estate assets 4,282 7,329 Financed sales of other foreclosed assets 20,466 21,398 Total financed sales of foreclosed assets 24,748 28,727 Financed sale of premises and equipment 19,745 8,502 Transfers from premises and equipment to long-lived assets held-for-sale 440 26,222 Transfers from loans held-in-portfolio to loans held-for-sale 9,199 47,227 Transfers from loans held-for-sale to loans held-in-portfolio 5,773 1,886 Loans securitized into investment securities [1] 258,998 381,053 Trades receivable from brokers and counterparties 44,474 78,007 Trades payable to brokers and counterparties 10,313 12,400 Receivables from investments maturities - 50,000 Recognition of mortgage servicing rights on securitizations or asset transfers 5,032 6,809 Loans booked under the GNMA buy-back option 5,544 19,669 Capitalization of lease right of use asset 4,510 4,567 [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) June 30, 2022 June 30, 2021 Cash and due from banks $ 476,768 $ 524,083 Restricted cash and due from banks 51,822 6,766 Restricted cash in money market investments 6,787 5,997 Total cash and due from banks, and restricted cash [2] $ 535,377 $ 536,846 [2] Refer to Note 4 - Restrictions on cash and due from banks and certain securities for nature of restrictions.

Segment reporting

Segment reporting	6 Months Ended
	Jun. 30, 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 June 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 447,794 $ 93,431 $ 1 Provision for credit losses (benefit) 8,818 588 - Non-interest income 144,377 4,919 ( 136) Amortization of intangibles 485 310 - Depreciation expense 11,675 1,755 - Other operating expenses 337,979 55,911 ( 136) Income tax expense 53,588 11,697 - Net income $ 179,626 $ 28,089 $ 1 Segment assets $ 60,435,535 $ 10,820,953 $ ( 172,039) For the quarter ended June 30, 2022 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 541,226 $ ( 7,364) $ - $ 533,862 Provision for credit losses (benefit) 9,406 ( 44) - 9,362 Non-interest income 149,160 11,567 ( 3,316) 157,411 Amortization of intangibles 795 - - 795 Depreciation expense 13,430 294 - 13,724 Other operating expenses 393,754 ( 547) ( 1,448) 391,759 Income tax expense (benefit) 65,285 ( 335) ( 738) 64,212 Net income $ 207,716 $ 4,835 $ ( 1,130) $ 211,421 Segment assets $ 71,084,449 $ 5,456,518 $ ( 5,039,036) $ 71,501,931 For the six months ended June 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 862,963 $ 179,951 $ 2 Provision for credit losses (benefit) ( 4,872) ( 1,431) - Non-interest income 280,239 10,873 ( 273) Amortization of intangibles 969 717 - Depreciation expense 23,192 3,579 - Other operating expenses 672,857 109,550 ( 272) Income tax expense 92,904 23,289 - Net income $ 358,152 $ 55,120 $ 1 Segment assets $ 60,435,535 $ 10,820,953 $ ( 172,039) For the six months ended June 30, 2022 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,042,916 $ ( 14,742) $ - $ 1,028,174 Provision for credit losses (benefit) ( 6,303) 165 - ( 6,138) Non-interest income 290,839 25,832 ( 4,568) 312,103 Amortization of intangibles 1,686 - - 1,686 Depreciation expense 26,771 583 - 27,354 Other operating expenses 782,135 ( 103) ( 2,455) 779,577 Income tax expense (benefit) 116,193 ( 667) ( 835) 114,691 Net income $ 413,273 $ 11,112 $ ( 1,278) $ 423,107 Segment assets $ 71,084,449 $ 5,456,518 $ ( 5,039,036) $ 71,501,931 2021 For the quarter ended June 30, 2021 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 419,200 $ 78,743 $ 1 Provision for credit losses (benefit) ( 22,042) 4,856 - Non-interest income 136,052 5,267 ( 137) Amortization of intangibles 860 167 - Depreciation expense 11,808 1,597 - Other operating expenses 307,663 48,533 ( 136) Income tax expense 63,614 10,163 - Net income $ 193,349 $ 18,694 $ - Segment assets $ 62,104,522 $ 10,197,371 $ ( 23,954) For the quarter ended June 30, 2021 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 497,944 $ ( 10,142) $ - $ 487,802 Provision for credit losses (benefit) ( 17,186) 171 - ( 17,015) Non-interest income 141,182 15,274 ( 1,916) 154,540 Amortization of intangibles 1,027 228 - 1,255 Depreciation expense 13,405 265 - 13,670 Other operating expenses 356,060 ( 1,852) ( 948) 353,260 Income tax expense (benefit) 73,777 ( 313) ( 371) 73,093 Net income $ 212,043 $ 6,633 $ ( 597) $ 218,079 Segment assets $ 72,277,939 $ 5,407,659 $ ( 5,028,305) $ 72,657,293 For the six months ended June 30, 2021 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 829,523 $ 157,912 $ 3 Provision for credit losses (benefit) ( 67,403) ( 31,864) - Non-interest income 271,260 10,933 ( 275) Amortization of intangibles 1,721 333 - Depreciation expense 23,951 3,925 - Other operating expenses 614,583 101,727 ( 272) Income tax expense 122,427 28,198 - Net income $ 405,504 $ 66,526 $ - Segment assets $ 62,104,522 $ 10,197,371 $ ( 23,954) For the six months ended June 30, 2021 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 987,438 $ ( 20,524) $ - $ 966,914 Provision for credit losses (benefit) ( 99,267) 26 - ( 99,241) Non-interest income 281,918 28,424 ( 2,149) 308,193 Amortization of intangibles 2,054 252 - 2,306 Depreciation expense 27,876 532 - 28,408 Other operating expenses 716,038 ( 1,182) ( 1,857) 712,999 Income tax expense (benefit) 150,625 ( 646) ( 55) 149,924 Net income $ 472,030 $ 8,918 $ ( 237) $ 480,711 Segment assets $ 72,277,939 $ 5,407,659 $ ( 5,028,305) $ 72,657,293 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, an online deposit gathering platform and commercial lending activities. In the Virgin Islands, the BPPR segment offers banking products, including loans and deposits. During the six months period ended June 30, 2022, the BPPR segment generated approximately $ 26.1 million (2021 - $ 25.5 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 $ 23.0 million in revenues (2021 - $ 23.4 million) from its operations in the U.S. and British Virgin Islands. At June 30, 2022, total assets for the BPPR segment related to its operations in the United States amounted to $ 831 million (December 31, 2021 - $ 595 million). Geographic Information Quarter ended Six months ended (In thousands) June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 Revenues: [1] Puerto Rico $ 560,635 $ 529,143 $ 1,088,308 $ 1,047,852 United States 111,369 95,276 214,543 191,288 Other 19,269 17,923 37,426 35,967 Total consolidated revenues $ 691,273 $ 642,342 $ 1,340,277 $ 1,275,107 [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 gain (loss) on trading account debt securities, net loss on sale of loans, including valuation adjustment on loans held-for-sale, adjustments (expense) to indemnity reserves on loans sold, and other operating income. Selected Balance Sheet Information: (In thousands) June 30, 2022 December 31, 2021 Puerto Rico Total assets $ 58,506,196 $ 63,221,282 Loans 20,177,693 19,770,118 Deposits 55,140,193 57,211,608 United States Total assets $ 11,651,798 $ 10,986,055 Loans 9,652,668 8,903,493 Deposits 8,131,590 7,777,232 Other Total assets $ 1,343,937 $ 890,562 Loans 569,121 626,115 Deposits [1] 2,055,881 2,016,248 [1] Represents deposits from BPPR operations located in the U.S. and British Virgin Islands.

Subsequent events

Subsequent events	6 Months Ended
	Jun. 30, 2022
Subsequent event [Abstract]
Subsequent Events	Note 33 ─ Subsequent events Acquisition of Key Customer Channels and Amendments to Commercial Contracts with Evertec On July 1, 2022, the Corporation’s wholly owned subsidiary, Banco Popular de Puerto Rico (“BPPR”), completed its previously announced acquisition of certain assets from Evertec Group, LLC (“Evertec Group”), a wholly owned subsidiary of Evertec, Inc. (“Evertec”) (NYSE: EVTC), to service certain BPPR channels. As a result of the closing of the transaction, BPPR acquired from Evertec Group certain critical channels, including BPPR’s retail and business digital banking and commercial cash management applications. BPPR also entered into amended and restated service agreements with Evertec Group pursuant to which Evertec Group will continue to provide various information technology and transaction processing services to Popular, BPPR and their respective subsidiaries. Under the amended service agreements, the Evertec Group no longer has exclusive rights to provide certain of Popular’s technology services. The amended service agreements includes discounted pricing and lowered caps on contractual pricing escalators tied to the Consumer Price Index. As part of the transaction, BPPR and Evertec entered into a revenue sharing structure for BPPR in connection with its merchant acquiring relationship with Evertec. As consideration for the transaction, BPPR delivered to Evertec Group 4,589,169 shares of Evertec common stock valued at closing at $ 169 million (based on Evertec’s stock price on June 30, 2022 of $ 36.88), resulting in an after-tax gain of approximately $ 112 million. The consideration exchanged includes a approximately $ 145 million, related to the acquisition of the critical channels which will be accounted for as a business combination. Based on its preliminary analysis, the Corporation expects that the purchase price will be allocated primarily to goodwill and other software related intangible assets. The portion of the consideration attributed to the renegotiation of the Master Servicing Agreement (“MSA”) with Evertec amounted to approximately $ 24 million which will be recorded as an expense. As a result of the transfer of the shares used as consideration for the transaction, Popular’s ownership stake in Evertec was reduced from approximately 16.3% to approximately 10.6% at the closing of the transaction. In connection with the transaction, Popular has agreed to further reduce its voting interest in Evertec to no more than 4.5%, whether through selling shares of Evertec common stock or a conversion of such shares into non-voting preferred stock within 90 days of the closing of the transaction. Popular expects to sell down its stake in Evertec to no more than 4.5%, subject to market conditions, and intends to return to Popular shareholders, via common stock repurchases, any after-tax gains resulting from such sale, subject to the receipt of regulatory approvals. Completion of Accelerated Share Repurchase Transaction On July 12, 2022, the Corporation completed its previously announced accelerated share repurchase program for the repurchase of an aggregate of $ 400 million of Popular’s common stock. The Corporation repurchased a total of 5,066,864 shares at an average purchase price of $ 78.9443 under the ASR Agreement. Refer to Note 17 – Stockholders’ Equity for further information on the ASR transaction.

Basis of presentation (Policies

Basis of presentation (Policies)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 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 2022-03, Fair Value Measurement (Topic 820) Fair Value Measurement of Equity Securities Subject to Contractual Sale Restriction The FASB issued ASU 2022-03 in June 2022, which clarifies that a contractual restriction that prohibits the sale of an equity security is not considered part of the unit of account of the equity security, therefore, is not considered in measuring its fair value. The ASU also provides enhanced disclosures for equity securities subject to a contractual sale restriction. January 1, 2024 The Corporation is currently evaluating the impact that the adoption of this guidance will have on its consolidated financial statements and presentation and disclosures. 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 troubled debt restructurings (“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 consolidated financial statements and 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)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 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)	6 Months Ended
	Jun. 30, 2022
Investments [Abstract]
Debt Securities, Available-For-Sale	At June 30, 2022 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 3,846,972 $ 862 $ 14,196 $ 3,833,638 1.40 % After 1 to 5 years 11,863,562 21 593,726 11,269,857 1.28 After 5 to 10 years 4,115,435 - 378,448 3,736,987 1.36 Total U.S. Treasury securities 19,825,969 883 986,370 18,840,482 1.32 Obligations of U.S. Government sponsored entities Within 1 year 70 - - 70 5.51 Total obligations of U.S. Government sponsored entities 70 - - 70 5.51 Collateralized mortgage obligations - federal agencies After 1 to 5 years 1,725 - 27 1,698 2.20 After 5 to 10 years 44,777 2 1,484 43,295 1.65 After 10 years 134,231 312 6,752 127,791 2.24 Total collateralized mortgage obligations - federal agencies 180,733 314 8,263 172,784 2.09 Mortgage-backed securities Within 1 year 3 - - 3 5.62 After 1 to 5 years 59,826 150 991 58,985 2.21 After 5 to 10 years 836,020 136 26,286 809,870 2.09 After 10 years 7,297,573 4,002 918,113 6,383,462 1.60 Total mortgage-backed securities 8,193,422 4,288 945,390 7,252,320 1.66 Other After 1 to 5 years 595 - - 595 3.10 Total other 595 - - 595 3.10 Total debt securities available-for-sale [1] $ 28,200,789 $ 5,485 $ 1,940,023 $ 26,266,251 1.42 % [1] Includes $ 20.7 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 $ 19.5 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 June 30, 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 $ 15,450,643 $ 945,084 $ 664,811 $ 41,286 $ 16,115,454 $ 986,370 Collateralized mortgage obligations - federal agencies 148,922 8,166 852 97 149,774 8,263 Mortgage-backed securities 2,972,601 218,959 4,176,733 726,431 7,149,334 945,390 Total debt securities available-for-sale in an unrealized loss position $ 18,572,166 $ 1,172,209 $ 4,842,396 $ 767,814 $ 23,414,562 $ 1,940,023 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)	6 Months Ended
	Jun. 30, 2022
Investments [Abstract]
Debt Securities, Held-to-maturity	At June 30, 2022 Allowance Gross Gross Weighted Amortized for Credit Net of unrealized unrealized Fair average (In thousands) cost Losses Allowance gains losses value yield U.S. Treasury securities Within 1 year $ 98,743 $ - $ 98,743 $ 116 $ - $ 98,859 3.03 % After 1 to 5 years 1,490,003 - 1,490,003 - 11,276 1,478,727 2.64 Total U.S. Treasury securities 1,588,746 - 1,588,746 116 11,276 1,577,586 2.67 Obligations of Puerto Rico, States and political subdivisions Within 1 year 4,440 7 4,433 7 1 4,439 6.10 After 1 to 5 years 13,045 168 12,877 168 - 13,045 6.28 After 5 to 10 years 9,530 110 9,420 27 112 9,335 1.40 After 10 years 42,270 7,210 35,060 5,762 1,650 39,172 1.46 Total obligations of Puerto Rico, States and political subdivisions 69,285 7,495 61,790 5,964 1,763 65,991 2.66 Collateralized mortgage obligations - federal agencies After 1 to 5 years 24 - 24 - - 24 6.44 Total collateralized mortgage obligations - federal agencies 24 - 24 - - 24 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 $ 1,664,015 $ 7,495 $ 1,656,520 $ 6,080 $ 13,039 $ 1,649,561 2.68 % 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 June 30, 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 June 30, 2022 2021 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 7,844 $ 10,096 Provision for credit losses (benefit) ( 349) 118 Securities charged-off - - Recoveries - - Ending balance $ 7,495 $ 10,214 For the six months ended June 30, 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) ( 601) ( 47) Securities charged-off - - Recoveries - - Ending balance $ 7,495 $ 10,214

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2022 and 2021 , 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) For the quarter ended June 30, 2022 For the six months ended June 30, 2022 Purchase price of loans at acquisition $ 591 $ 2,593 Allowance for credit losses at acquisition 170 782 Non-credit discount / (premium) at acquisition 26 125 Par value of acquired loans at acquisition $ 787 $ 3,500 (In thousands) For the quarter ended June 30, 2021 For the six months ended June 30, 2021 Purchase price of loans at acquisition $ 4,049 $ 8,984 Allowance for credit losses at acquisition 1,202 2,558 Non-credit discount / (premium) at acquisition 214 335 Par value of acquired loans at acquisition $ 5,465 $ 11,877
Loans Held in Portfolio
Accounts, Notes, Loans and Financing Receivable
Past due financing receivables	June 30, 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 $ 1,992 $ - $ 254 $ 2,246 $ 234,308 $ 236,554 $ 254 $ - Commercial real estate: Non-owner occupied 1,379 110 20,435 21,924 2,630,194 2,652,118 20,435 - Owner occupied 4,894 2,860 32,155 39,909 1,366,840 1,406,749 32,155 - Commercial and industrial 2,534 1,526 44,176 48,236 3,472,447 3,520,683 43,649 527 Construction 498 - - 498 161,864 162,362 - - Mortgage 211,483 82,898 681,757 976,138 5,065,785 6,041,923 284,670 397,087 Leasing 9,970 2,164 4,665 16,799 1,463,423 1,480,222 4,665 - Consumer: Credit cards 5,785 4,142 8,896 18,823 947,876 966,699 - 8,896 Home equity lines of credit - - - - 3,122 3,122 - - Personal 11,216 6,043 19,045 36,304 1,351,796 1,388,100 19,045 - Auto 56,577 13,815 28,045 98,437 3,391,539 3,489,976 28,045 - Other 242 131 12,125 12,498 120,651 133,149 11,913 212 Total $ 306,570 $ 113,689 $ 851,553 $ 1,271,812 $ 20,209,845 $ 21,481,657 $ 444,831 $ 406,722 June 30, 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 $ - $ 187 $ 280 $ 467 $ 1,895,352 $ 1,895,819 $ 280 $ - Commercial real estate: Non-owner occupied 288 - - 288 1,467,935 1,468,223 - - Owner occupied 144 - 1,416 1,560 1,465,252 1,466,812 1,416 - Commercial and industrial 9,278 2,037 6,326 17,641 1,880,702 1,898,343 5,750 576 Construction - 7,000 - 7,000 621,558 628,558 - - Mortgage 1,561 3,587 20,192 25,340 1,194,692 1,220,032 20,192 - Consumer: Credit cards - - - - 47 47 - - Home equity lines of credit 303 16 4,705 5,024 66,431 71,455 4,705 - Personal 755 470 749 1,974 232,339 234,313 749 - Other - 13 1 14 5,663 5,677 1 - Total $ 12,329 $ 13,310 $ 33,669 $ 59,308 $ 8,829,971 $ 8,889,279 $ 33,093 $ 576 June 30, 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 $ 1,992 $ 187 $ 534 $ 2,713 $ 2,129,660 $ 2,132,373 $ 534 $ - Commercial real estate: Non-owner occupied 1,667 110 20,435 22,212 4,098,129 4,120,341 20,435 - Owner occupied 5,038 2,860 33,571 41,469 2,832,092 2,873,561 33,571 - Commercial and industrial 11,812 3,563 50,502 65,877 5,353,149 5,419,026 49,399 1,103 Construction 498 7,000 - 7,498 783,422 790,920 - - Mortgage [1] 213,044 86,485 701,949 1,001,478 6,260,477 7,261,955 304,862 397,087 Leasing 9,970 2,164 4,665 16,799 1,463,423 1,480,222 4,665 - Consumer: Credit cards 5,785 4,142 8,896 18,823 947,923 966,746 - 8,896 Home equity lines of credit 303 16 4,705 5,024 69,553 74,577 4,705 - Personal 11,971 6,513 19,794 38,278 1,584,135 1,622,413 19,794 - Auto 56,577 13,815 28,045 98,437 3,391,539 3,489,976 28,045 - Other 242 144 12,126 12,512 126,314 138,826 11,914 212 Total $ 318,899 $ 126,999 $ 885,222 $ 1,331,120 $ 29,039,816 $ 30,370,936 $ 477,924 $ 407,298 [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 $ 11 million at June 30, 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 $ 237 million of residential mortgage loans insured by FHA or guaranteed by the VA that are no longer accruing interest as of June 30, 2022. Furthermore, the Corporation has approximately $ 43 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 $ 273 million in unearned income and exclude $ 29 million in loans held-for-sale. [3] Includes $ 6.8 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $ 3.1 billion were pledged at the Federal Home Loan Bank ("FHLB") as collateral for borrowings and $ 1.8 billion at the Federal Reserve Bank ("FRB") for discount window borrowings and $ 1.9 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	June 30, 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 $ - $ 254 $ - $ 280 $ - $ 534 Commercial real estate non-owner occupied 15,463 4,972 - - 15,463 4,972 Commercial real estate owner occupied 9,528 22,627 - 1,416 9,528 24,043 Commercial and industrial 24,748 18,901 - 5,750 24,748 24,651 Mortgage 146,322 138,348 20 20,172 146,342 158,520 Leasing 354 4,311 - - 354 4,311 Consumer: HELOCs - - - 4,705 - 4,705 Personal 5,330 13,715 - 749 5,330 14,464 Auto 1,041 27,004 - - 1,041 27,004 Other 263 11,650 - 1 263 11,651 Total $ 203,049 $ 241,782 $ 20 $ 33,073 $ 203,069 $ 274,855 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	June 30, 2022 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total Puerto Rico Commercial multi-family $ 1,355 $ - $ - $ - $ - $ 1,355 Commercial real estate: Non-owner occupied 212,029 - - - - 212,029 Owner occupied 24,864 - - - - 24,864 Commercial and industrial 1,425 - 549 10,164 29,486 41,624 Mortgage 159,293 - - - - 159,293 Leasing - 892 6 - - 898 Consumer: Personal 6,114 - - - - 6,114 Auto - 8,539 - - - 8,539 Other - - - - 263 263 Total Puerto Rico $ 405,080 $ 9,431 $ 555 $ 10,164 $ 29,749 $ 454,979 Popular U.S. Mortgage $ 921 $ - $ - $ - $ - $ 921 Total Popular U.S. $ 921 $ - $ - $ - $ - $ 921 Popular, Inc. Commercial multi-family $ 1,355 $ - $ - $ - $ - $ 1,355 Commercial real estate: Non-owner occupied 212,029 - - - - 212,029 Owner occupied 24,864 - - - - 24,864 Commercial and industrial 1,425 - 549 10,164 29,486 41,624 Mortgage 160,214 - - - - 160,214 Leasing - 892 6 - - 898 Consumer: Personal 6,114 - - - - 6,114 Auto - 8,539 - - - 8,539 Other - - - - 263 263 Total Popular, Inc. $ 406,001 $ 9,431 $ 555 $ 10,164 $ 29,749 $ 455,900 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)	6 Months Ended
	Jun. 30, 2022
Allowance for credit losses on financing receivables	For the quarter ended June 30, 2022 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 145,471 $ 2,414 $ 131,362 $ 18,398 $ 278,966 $ 576,611 Provision for credit losses (benefit) 4,664 265 ( 5,953) 1,306 8,846 9,128 Initial allowance for credit losses - PCD Loans - - 170 - - 170 Charge-offs ( 1,322) - ( 1,367) ( 1,496) ( 21,779) ( 25,964) Recoveries 4,734 395 5,818 829 8,856 20,632 Ending balance $ 153,547 $ 3,074 $ 130,030 $ 19,037 $ 274,889 $ 580,577 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,647 $ 1,924 $ - $ - $ - $ 3,571 Provision for credit losses (benefit) 385 ( 390) - - - ( 5) Ending balance - unfunded commitments [1] $ 2,032 $ 1,534 $ - $ - $ - $ 3,566 [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 June 30, 2022 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 59,172 $ 4,125 $ 17,844 $ 20,040 $ 101,181 Provision for credit losses (benefit) ( 2,952) ( 290) 494 3,481 733 Charge-offs ( 397) - ( 68) ( 1,328) ( 1,793) Recoveries 260 4 5 783 1,052 Ending balance $ 56,083 $ 3,839 $ 18,275 $ 22,976 $ 101,173 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,318 $ 2,135 $ - $ 30 $ 3,483 Provision for credit losses (benefit) ( 1) ( 174) - 30 ( 145) Ending balance - unfunded commitments [1] $ 1,317 $ 1,961 $ - $ 60 $ 3,338 [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 June 30, 2022 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 204,643 $ 6,539 $ 149,206 $ 18,398 $ 299,006 $ 677,792 Provision for credit losses (benefit) 1,712 ( 25) ( 5,459) 1,306 12,327 9,861 Initial allowance for credit losses - PCD Loans - - 170 - - 170 Charge-offs ( 1,719) - ( 1,435) ( 1,496) ( 23,107) ( 27,757) Recoveries 4,994 399 5,823 829 9,639 21,684 Ending balance $ 209,630 $ 6,913 $ 148,305 $ 19,037 $ 297,865 $ 681,750 Allowance for credit losses - unfunded commitments: Beginning balance $ 2,965 $ 4,059 $ - $ - $ 30 $ 7,054 Provision for credit losses (benefit) 384 ( 564) - - 30 ( 150) Ending balance - unfunded commitments [1] $ 3,349 $ 3,495 $ - $ - $ 60 $ 6,904 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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) ( 6,023) 622 ( 16,481) 1,692 16,657 ( 3,533) Initial allowance for credit losses - PCD Loans - - 782 - - 782 Charge-offs ( 1,849) - ( 2,688) ( 1,903) ( 43,844) ( 50,284) Recoveries 9,491 811 10,131 1,670 17,347 39,450 Ending balance - loans $ 153,547 $ 3,074 $ 130,030 $ 19,037 $ 274,889 $ 580,577 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,751 $ 2,388 $ - $ - $ - $ 4,139 Provision for credit losses (benefit) 281 ( 854) - - - ( 573) Ending balance - unfunded commitments [1] $ 2,032 $ 1,534 $ - $ - $ - $ 3,566 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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) ( 8,284) ( 2,015) 2,126 7,162 ( 1,011) Charge-offs ( 524) - ( 68) ( 2,633) ( 3,225) Recoveries 1,014 1,132 25 2,034 4,205 Ending balance - loans $ 56,083 $ 3,839 $ 18,275 $ 22,976 $ 101,173 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,384 $ 2,337 $ - $ 37 $ 3,758 Provision for credit losses (benefit) ( 67) ( 376) - 23 ( 420) Ending balance - unfunded commitments [1] $ 1,317 $ 1,961 $ - $ 60 $ 3,338 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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) ( 14,307) ( 1,393) ( 14,355) 1,692 23,819 ( 4,544) Initial allowance for credit losses - PCD Loans - - 782 - - 782 Charge-offs ( 2,373) - ( 2,756) ( 1,903) ( 46,477) ( 53,509) Recoveries 10,505 1,943 10,156 1,670 19,381 43,655 Ending balance - loans $ 209,630 $ 6,913 $ 148,305 $ 19,037 $ 297,865 $ 681,750 Allowance for credit losses - unfunded commitments: Beginning balance $ 3,135 $ 4,725 $ - $ - $ 37 $ 7,897 Provision for credit losses (benefit) 214 ( 1,230) - - 23 ( 993) Ending balance - unfunded commitments [1] $ 3,349 $ 3,495 $ - $ - $ 60 $ 6,904 [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 June 30, 2021 Puerto Rico (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 197,111 $ 260 $ 185,805 $ 12,687 $ 285,793 $ 681,656 Provision for credit losses (benefit) ( 20,204) 481 ( 19,264) 5,257 11,242 ( 22,488) Initial allowance for credit losses - PCD Loans - - 1,202 - - 1,202 Charge-offs ( 2,035) - ( 5,047) ( 1,135) ( 17,366) ( 25,583) Recoveries 11,912 479 4,112 742 9,821 27,066 Ending balance $ 186,784 $ 1,220 $ 166,808 $ 17,551 $ 289,490 $ 661,853 Allowance for credit losses - unfunded commitments: Beginning balance $ 3,913 $ 245 $ - $ - $ - $ 4,158 Provision for credit losses ( 661) 1,160 - - - 499 Ending balance - unfunded commitments [1] $ 3,252 $ 1,405 $ - $ - $ - $ 4,657 [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 June 30, 2021 Popular U.S. (In thousands) Commercial Construction Mortgage Consumer Total Allowance for credit losses - loans: Beginning balance $ 79,108 $ 8,935 $ 16,321 $ 14,777 $ 119,141 Provision for credit losses (benefit) 4,839 1,194 ( 933) ( 112) 4,988 Charge-offs ( 690) ( 523) - ( 2,374) ( 3,587) Recoveries 1,103 430 423 1,439 3,395 Ending balance - loans $ 84,360 $ 10,036 $ 15,811 $ 13,730 $ 123,937 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,443 $ 3,903 $ - $ 65 $ 5,411 Provision for credit losses 116 ( 231) - ( 17) ( 132) Ending balance - unfunded commitments [1] $ 1,559 $ 3,672 $ - $ 48 $ 5,279 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statement of Financial Condition. For the quarter ended June 30, 2021 Popular, Inc. (In thousands) Commercial Construction Mortgage Leasing Consumer Total Allowance for credit losses - loans: Beginning balance $ 276,219 $ 9,195 $ 202,126 $ 12,687 $ 300,570 $ 800,797 Provision for credit losses (benefit) ( 15,365) 1,675 ( 20,197) 5,257 11,130 ( 17,500) Initial allowance for credit losses - PCD Loans - - 1,202 - - 1,202 Charge-offs ( 2,725) ( 523) ( 5,047) ( 1,135) ( 19,740) ( 29,170) Recoveries 13,015 909 4,535 742 11,260 30,461 Ending balance $ 271,144 $ 11,256 $ 182,619 $ 17,551 $ 303,220 $ 785,790 Allowance for credit losses - loans: Beginning balance $ 5,356 $ 4,148 $ - $ - $ 65 $ 9,569 Provision for credit losses ( 545) 929 - - ( 17) 367 Ending balance - unfunded commitments [1] $ 4,811 $ 5,077 $ - $ - $ 48 $ 9,936 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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) ( 49,850) 1,787 ( 22,069) 1,199 6,469 ( 62,464) Initial allowance for credit losses - PCD Loans - - 2,558 - - 2,558 Charge-offs ( 4,918) ( 6,619) ( 15,428) ( 2,193) ( 41,395) ( 70,553) Recoveries 16,229 1,181 6,190 1,682 27,280 52,562 Ending balance - loans $ 186,784 $ 1,220 $ 166,808 $ 17,551 $ 289,490 $ 661,853 Allowance for credit losses - unfunded commitments: Beginning balance $ 4,913 $ 4,610 $ - $ - $ - $ 9,523 Provision for credit losses (benefit) ( 1,661) ( 3,205) - - - ( 4,866) Ending balance - unfunded commitments [1] $ 3,252 $ 1,405 $ - $ - $ - $ 4,657 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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) ( 24,094) 763 ( 4,851) ( 2,633) ( 30,815) Charge-offs ( 1,073) ( 523) ( 1) ( 5,630) ( 7,227) Recoveries 1,470 430 504 3,075 5,479 Ending balance - loans $ 84,360 $ 10,036 $ 15,811 $ 13,730 $ 123,937 Allowance for credit losses - unfunded commitments: Beginning balance $ 1,753 $ 4,469 $ - $ 106 $ 6,328 Provision for credit losses (benefit) ( 194) ( 797) - ( 58) ( 1,049) Ending balance - unfunded commitments [1] $ 1,559 $ 3,672 $ - $ 48 $ 5,279 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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) ( 73,944) 2,550 ( 26,920) 1,199 3,836 ( 93,279) Initial allowance for credit losses - PCD Loans - - 2,558 - - 2,558 Charge-offs ( 5,991) ( 7,142) ( 15,429) ( 2,193) ( 47,025) ( 77,780) Recoveries 17,699 1,611 6,694 1,682 30,355 58,041 Ending balance - loans $ 271,144 $ 11,256 $ 182,619 $ 17,551 $ 303,220 $ 785,790 Allowance for credit losses - unfunded commitments: Beginning balance $ 6,666 $ 9,079 $ - $ - $ 106 $ 15,851 Provision for credit losses (benefit) ( 1,855) ( 4,002) - - ( 58) ( 5,915) Ending balance - unfunded commitments [1] $ 4,811 $ 5,077 $ - $ - $ 48 $ 9,936 [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	June 30, 2022 December 31, 2021 (In thousands) Accruing Non-Accruing Total Related Allowance Accruing Non-Accruing Total Related Allowance Loans held-in-portfolio: Commercial $ 267,762 $ 60,499 $ 328,261 $ 22,112 $ 261,344 $ 64,744 $ 326,088 $ 24,736 Mortgage [1] 1,160,469 93,309 1,253,778 62,587 1,143,204 112,509 1,255,713 61,888 Leasing 151 38 189 29 325 47 372 42 Consumer 57,690 9,240 66,930 14,546 64,093 10,556 74,649 16,124 Loans held-in-portfolio $ 1,486,072 $ 163,086 $ 1,649,158 $ 99,274 $ 1,468,966 $ 187,856 $ 1,656,822 $ 102,790 [1] At June 30, 2022, accruing mortgage loan TDRs include $ 724 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	Popular, Inc. For the quarter ended June 30, 2022 For the six months ended June 30, 2022 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other 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 - 1 - 1 - 2 Commercial real estate owner occupied - 5 1 - 1 6 1 - Commercial and industrial 2 - 1 - 3 5 1 11 Mortgage 3 31 217 - 4 65 505 1 Leasing - - 1 - - - 1 - Consumer: Credit cards 9 - - 7 24 - - 22 Personal 29 36 - 1 54 56 - 1 Auto - - - - - 1 - - Total 43 73 220 9 86 134 508 37 Popular, Inc. For the quarter ended June 30, 2021 For the six months ended June 30, 2021 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial multi-family - - 1 - - 1 1 - Commercial real estate non-owner occupied - - - - - 9 - - Commercial real estate owner occupied 1 3 3 2 3 23 3 2 Commercial and industrial 1 - - 6 1 8 - 6 Mortgage 14 39 458 - 22 79 818 - Leasing - - - - - - 1 - Consumer: Credit cards 37 - 1 13 89 - 1 27 HELOCs - 1 - - - 1 1 - Personal 59 61 - 2 120 63 1 2 Auto - 1 - - - 2 2 - Other 2 - - - 6 - - - Total 114 105 463 23 241 186 828 37
Troubled Debt Restructurings on Financing Receivables	Popular, Inc. For the quarter ended June 30, 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 2 $ 52 $ 51 $ 5 Commercial real estate owner occupied 6 12,377 12,369 ( 2,073) Commercial and industrial 3 156 153 30 Mortgage 251 29,907 31,134 1,091 Leasing 1 14 12 2 Consumer: Credit cards 16 162 172 2 Personal 66 952 1,030 135 Total 345 $ 43,620 $ 44,921 $ ( 808) Popular, Inc. For the quarter ended June 30, 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 $ 159 $ 125 $ 22 Commercial real estate owner occupied 9 51,050 50,472 564 Commercial and industrial 7 491 489 57 Mortgage 511 58,094 61,522 2,105 Consumer: Credit cards 51 730 628 7 HELOCs 1 113 112 26 Personal 122 1,620 1,619 328 Auto 1 16 16 5 Other 2 5 5 1 Total 705 $ 112,278 $ 114,988 $ 3,115 Popular, Inc. For the six months ended June 30, 2022 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for credit losses as a result of modification Commercial real estate non-owner occupied 3 $ 3,452 $ 3,451 $ 5 Commercial real estate owner occupied 8 13,106 13,096 ( 2,073) Commercial and industrial 20 49,502 49,308 2,060 Mortgage 575 64,783 66,726 2,111 Leasing 1 14 12 2 Consumer: Credit cards 46 410 445 7 Personal 111 1,681 1,758 265 Auto 1 28 28 5 Total 765 $ 132,976 $ 134,824 $ 2,382 Popular, Inc. For the six months ended June 30, 2021 (Dollars in thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for credit losses as a result of modification Commercial multi-family 2 $ 246 $ 211 $ 26 Commercial real estate non-owner occupied 9 3,295 3,281 141 Commercial real estate owner occupied 31 80,800 79,956 1,136 Commercial and industrial 15 713 707 65 Mortgage 919 105,748 111,251 3,151 Leasing 1 32 32 4 Consumer: Credit cards 117 1,554 1,482 34 HELOCs 2 176 228 54 Personal 186 2,682 2,681 632 Auto 4 64 69 15 Other 6 11 11 2 Total 1,292 $ 195,321 $ 199,909 $ 5,260
T D R Loans Subsequent Default	Popular, Inc. Defaulted during the quarter ended Defaulted during the six months ended (Dollars in thousands) Loan count Recorded investment as of first default date Loan count Recorded investment as of first default date Commercial and industrial 3 $ 2,496 3 $ 2,496 Mortgage 32 3,830 38 5,699 Consumer: Credit cards 8 28 19 135 Personal 7 270 19 398 Total 50 $ 6,624 79 $ 8,728 Popular, Inc. Defaulted during the quarter ended Defaulted during the six months ended (Dollars in thousands) Loan count Recorded investment as of first default date Loan count Recorded investment as of first default date Commercial real estate non-owner occupied 4 $ 8,421 4 $ 8,421 Commercial real estate owner occupied - - 2 3,754 Commercial and industrial 3 93 5 317 Mortgage 24 3,279 47 5,011 Consumer: Credit cards 23 280 60 751 Personal 11 212 14 472 Total 65 $ 12,285 132 $ 18,726
Financing Receivable Credit Quality Indicators	June 30, 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 $ - $ - $ - $ - $ - $ 4,362 $ - $ - $ 4,362 Special mention - - - - - 2,890 - - 2,890 Substandard - - - 983 - 6,108 100 - 7,191 Pass 89,752 23,534 20,982 34,166 24,981 28,696 - - 222,111 Total commercial multi-family $ 89,752 $ 23,534 $ 20,982 $ 35,149 $ 24,981 $ 42,056 $ 100 $ - $ 236,554 Commercial real estate non-owner occupied Watch $ 29,864 $ 79,782 $ 220,704 $ 18,577 $ 85,504 $ 153,862 $ 2,187 $ - $ 590,480 Special Mention - 30,152 11,759 8,653 - 22,811 - - 73,375 Substandard 3,423 206 27,449 18,786 36,934 74,135 - - 160,933 Pass 355,064 534,328 210,145 97,235 35,018 585,865 9,675 - 1,827,330 Total commercial real estate non-owner occupied $ 388,351 $ 644,468 $ 470,057 $ 143,251 $ 157,456 $ 836,673 $ 11,862 $ - $ 2,652,118 Commercial real estate owner occupied Watch $ 2,234 $ 10,958 $ 5,892 $ 6,918 $ 6,962 $ 100,546 $ - $ - $ 133,510 Special Mention - - 931 7,136 1,394 78,144 - - 87,605 Substandard 11,425 4,873 1,306 859 34,762 91,428 - - 144,653 Doubtful - - - - - 603 - - 603 Pass 82,073 269,710 151,909 45,526 52,826 420,051 18,283 - 1,040,378 Total commercial real estate owner occupied $ 95,732 $ 285,541 $ 160,038 $ 60,439 $ 95,944 $ 690,772 $ 18,283 $ - $ 1,406,749 Commercial and industrial Watch $ 31,573 $ 74,590 $ 9,606 $ 23,705 $ 98,226 $ 58,662 $ 80,254 $ - $ 376,616 Special Mention - 1,806 569 1,741 24,954 49,956 20,221 - 99,247 Substandard 19,831 396 6,927 3,217 20,798 46,432 46,296 - 143,897 Doubtful - - - - - 83 - - 83 Loss - - - - - - 7 - 7 Pass 386,907 707,961 169,375 263,358 45,636 344,309 983,287 - 2,900,833 Total commercial and industrial $ 438,311 $ 784,753 $ 186,477 $ 292,021 $ 189,614 $ 499,442 $ 1,130,065 $ - $ 3,520,683 Construction Watch $ 7,450 $ 1,410 $ 8,623 $ 498 $ - $ - $ 14,119 $ - $ 32,100 Special Mention 1,787 - - - - - - - 1,787 Pass 1,589 36,280 64,524 1,116 - - 24,966 - 128,475 Total construction $ 10,826 $ 37,690 $ 73,147 $ 1,614 $ - $ - $ 39,085 $ - $ 162,362 Mortgage Substandard $ - $ 50 $ 1,307 $ 4,417 $ 5,483 $ 107,988 $ - $ - $ 119,245 Pass 136,373 463,858 293,940 211,365 245,782 4,571,360 - - 5,922,678 Total mortgage $ 136,373 $ 463,908 $ 295,247 $ 215,782 $ 251,265 $ 4,679,348 $ - $ - $ 6,041,923 Leasing Substandard $ 180 $ 937 $ 989 $ 972 $ 831 $ 665 $ - $ - $ 4,574 Loss - - - 26 - 64 - - 90 Pass 372,931 490,928 283,111 181,773 104,791 42,024 - - 1,475,558 Total leasing $ 373,111 $ 491,865 $ 284,100 $ 182,771 $ 105,622 $ 42,753 $ - $ - $ 1,480,222 June 30, 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 $ - $ - $ - $ - $ - $ - $ 8,879 $ - $ 8,879 Loss - - - - - - 17 - 17 Pass - - - - - - 957,803 - 957,803 Total credit cards $ - $ - $ - $ - $ - $ - $ 966,699 $ - $ 966,699 HELOCs Pass - - - - - - 3,122 - 3,122 Total HELOCs $ - $ - $ - $ - $ - $ - $ 3,122 $ - $ 3,122 Personal Substandard $ 69 $ 1,375 $ 768 $ 2,011 $ 848 $ 13,220 $ - $ 1,188 $ 19,479 Loss - 60 - 68 - 18 - 2 148 Pass 402,112 430,129 139,974 163,060 66,075 135,293 - 31,830 1,368,473 Total Personal $ 402,181 $ 431,564 $ 140,742 $ 165,139 $ 66,923 $ 148,531 $ - $ 33,020 $ 1,388,100 Auto Substandard $ 399 $ 7,125 $ 8,748 $ 8,895 $ 4,727 $ 3,005 $ - $ - $ 32,899 Loss - - 28 91 - 9 - - 128 Pass 646,578 1,101,866 697,273 525,778 329,466 155,988 - - 3,456,949 Total Auto $ 646,977 $ 1,108,991 $ 706,049 $ 534,764 $ 334,193 $ 159,002 $ - $ - $ 3,489,976 Other consumer Substandard $ - $ - $ 130 $ - $ 465 $ 5 $ 11,082 $ - $ 11,682 Loss - - - - 443 - - - 443 Pass 17,719 21,774 7,323 7,455 5,042 3,714 57,997 - 121,024 Total Other consumer $ 17,719 $ 21,774 $ 7,453 $ 7,455 $ 5,950 $ 3,719 $ 69,079 $ - $ 133,149 Total Puerto Rico $ 2,599,333 $ 4,294,088 $ 2,344,292 $ 1,638,385 $ 1,231,948 $ 7,102,296 $ 2,238,295 $ 33,020 $ 21,481,657 June 30, 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 $ - $ 8,526 $ 43,413 $ 48,152 $ 20,473 $ 64,575 $ - $ - $ 185,139 Special mention - - 1,213 942 29,452 22,477 - - 54,084 Substandard - - - 66,892 10,897 4,994 - - 82,783 Pass 264,305 409,863 206,453 196,526 133,228 359,456 3,982 - 1,573,813 Total commercial multi-family $ 264,305 $ 418,389 $ 251,079 $ 312,512 $ 194,050 $ 451,502 $ 3,982 $ - $ 1,895,819 Commercial real estate non-owner occupied Watch $ - $ 12,692 $ 16,783 $ 15,033 $ 45,671 $ 101,497 $ - $ - $ 191,676 Special Mention - - - 3,162 1,797 21,798 - - 26,757 Substandard - 2,902 749 11,739 1,555 32,860 - - 49,805 Pass 208,048 199,900 207,046 100,601 93,503 383,391 7,496 - 1,199,985 Total commercial real estate non-owner occupied $ 208,048 $ 215,494 $ 224,578 $ 130,535 $ 142,526 $ 539,546 $ 7,496 $ - $ 1,468,223 Commercial real estate owner occupied Watch $ - $ - $ 5,317 $ 3,795 $ 10,867 $ 41,669 $ 4,222 $ - $ 65,870 Special Mention - - - - 5,141 16,554 - - 21,695 Substandard - - - 7,479 2,287 43,495 - - 53,261 Pass 207,879 427,167 141,530 96,425 145,376 302,040 5,569 - 1,325,986 Total commercial real estate owner occupied $ 207,879 $ 427,167 $ 146,847 $ 107,699 $ 163,671 $ 403,758 $ 9,791 $ - $ 1,466,812 Commercial and industrial Watch $ 2,812 $ 2,201 $ 2,748 $ 2,652 $ 8,798 $ 727 $ 13,515 $ - $ 33,453 Special Mention 1,052 1,483 6,597 582 447 20 4,722 - 14,903 Substandard 328 1,203 1,268 4,460 796 1,857 5,224 - 15,136 Loss - 253 105 255 110 6 - - 729 Pass 70,371 302,851 371,225 200,441 183,865 409,491 295,878 - 1,834,122 Total commercial and industrial $ 74,563 $ 307,991 $ 381,943 $ 208,390 $ 194,016 $ 412,101 $ 319,339 $ - $ 1,898,343 Construction Watch $ - $ 4,016 $ 14,143 $ 30,941 $ 18,166 $ 33,444 $ - $ - $ 100,710 Special Mention - - - - - 13,655 - - 13,655 Substandard - - - - 15,892 10,154 - - 26,046 Pass 28,379 149,831 157,216 104,036 5,650 43,035 - - 488,147 Total construction $ 28,379 $ 153,847 $ 171,359 $ 134,977 $ 39,708 $ 100,288 $ - $ - $ 628,558 Mortgage Substandard $ - $ 639 $ 4,338 $ 4,285 $ 919 $ 10,010 $ - $ - $ 20,191 Pass 120,481 312,099 250,047 197,444 60,326 259,444 - - 1,199,841 Total mortgage $ 120,481 $ 312,738 $ 254,385 $ 201,729 $ 61,245 $ 269,454 $ - $ - $ 1,220,032 June 30, 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 $ - $ - $ - $ - $ - $ - $ 47 $ - $ 47 Total credit cards $ - $ - $ - $ - $ - $ - $ 47 $ - $ 47 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,653 $ - $ 813 $ 3,466 Loss - - - - - 159 - 1,079 1,238 Pass - - - - - 9,697 40,387 16,667 66,751 Total HELOCs $ - $ - $ - $ - $ - $ 12,509 $ 40,387 $ 18,559 $ 71,455 Personal Substandard $ 49 $ 163 $ 168 $ 168 $ 32 $ 142 $ - $ - $ 722 Loss - - - 11 - 16 - - 27 Pass 127,064 61,523 12,120 23,574 4,217 5,066 - - 233,564 Total Personal $ 127,113 $ 61,686 $ 12,288 $ 23,753 $ 4,249 $ 5,224 $ - $ - $ 234,313 Other consumer Substandard $ - $ - $ - $ - $ - $ - $ 1 $ - $ 1 Pass - - - - - - 5,676 - 5,676 Total Other consumer $ - $ - $ - $ - $ - $ - $ 5,677 $ - $ 5,677 Total Popular U.S. $ 1,030,768 $ 1,897,312 $ 1,442,479 $ 1,119,595 $ 799,465 $ 2,194,382 $ 386,719 $ 18,559 $ 8,889,279 June 30, 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 $ - $ 8,526 $ 43,413 $ 48,152 $ 20,473 $ 68,937 $ - $ - $ 189,501 Special mention - - 1,213 942 29,452 25,367 - - 56,974 Substandard - - - 67,875 10,897 11,102 100 - 89,974 Pass 354,057 433,397 227,435 230,692 158,209 388,152 3,982 - 1,795,924 Total commercial multi-family $ 354,057 $ 441,923 $ 272,061 $ 347,661 $ 219,031 $ 493,558 $ 4,082 $ - $ 2,132,373 Commercial real estate non-owner occupied Watch $ 29,864 $ 92,474 $ 237,487 $ 33,610 $ 131,175 $ 255,359 $ 2,187 $ - $ 782,156 Special Mention - 30,152 11,759 11,815 1,797 44,609 - - 100,132 Substandard 3,423 3,108 28,198 30,525 38,489 106,995 - - 210,738 Pass 563,112 734,228 417,191 197,836 128,521 969,256 17,171 - 3,027,315 Total commercial real estate non-owner occupied $ 596,399 $ 859,962 $ 694,635 $ 273,786 $ 299,982 $ 1,376,219 $ 19,358 $ - $ 4,120,341 Commercial real estate owner occupied Watch $ 2,234 $ 10,958 $ 11,209 $ 10,713 $ 17,829 $ 142,215 $ 4,222 $ - $ 199,380 Special Mention - - 931 7,136 6,535 94,698 - - 109,300 Substandard 11,425 4,873 1,306 8,338 37,049 134,923 - - 197,914 Doubtful - - - - - 603 - - 603 Pass 289,952 696,877 293,439 141,951 198,202 722,091 23,852 - 2,366,364 Total commercial real estate owner occupied $ 303,611 $ 712,708 $ 306,885 $ 168,138 $ 259,615 $ 1,094,530 $ 28,074 $ - $ 2,873,561 Commercial and industrial Watch $ 34,385 $ 76,791 $ 12,354 $ 26,357 $ 107,024 $ 59,389 $ 93,769 $ - $ 410,069 Special Mention 1,052 3,289 7,166 2,323 25,401 49,976 24,943 - 114,150 Substandard 20,159 1,599 8,195 7,677 21,594 48,289 51,520 - 159,033 Doubtful - - - - - 83 - - 83 Loss - 253 105 255 110 6 7 - 736 Pass 457,278 1,010,812 540,600 463,799 229,501 753,800 1,279,165 - 4,734,955 Total commercial and industrial $ 512,874 $ 1,092,744 $ 568,420 $ 500,411 $ 383,630 $ 911,543 $ 1,449,404 $ - $ 5,419,026 June 30, 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 $ 7,450 $ 5,426 $ 22,766 $ 31,439 $ 18,166 $ 33,444 $ 14,119 $ - $ 132,810 Special Mention 1,787 - - - - 13,655 - - 15,442 Substandard - - - - 15,892 10,154 - - 26,046 Pass 29,968 186,111 221,740 105,152 5,650 43,035 24,966 - 616,622 Total construction $ 39,205 $ 191,537 $ 244,506 $ 136,591 $ 39,708 $ 100,288 $ 39,085 $ - $ 790,920 Mortgage Substandard $ - $ 689 $ 5,645 $ 8,702 $ 6,402 $ 117,998 $ - $ - $ 139,436 Pass 256,854 775,957 543,987 408,809 306,108 4,830,804 - - 7,122,519 Total mortgage $ 256,854 $ 776,646 $ 549,632 $ 417,511 $ 312,510 $ 4,948,802 $ - $ - $ 7,261,955 Leasing Substandard $ 180 $ 937 $ 989 $ 972 $ 831 $ 665 $ - $ - $ 4,574 Loss - - - 26 - 64 - - 90 Pass 372,931 490,928 283,111 181,773 104,791 42,024 - - 1,475,558 Total leasing $ 373,111 $ 491,865 $ 284,100 $ 182,771 $ 105,622 $ 42,753 $ - $ - $ 1,480,222 June 30, 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 $ - $ - $ - $ - $ - $ - $ 8,879 $ - $ 8,879 Loss - - - - - - 17 - 17 Pass - - - - - - 957,850 - 957,850 Total credit cards $ - $ - $ - $ - $ - $ - $ 966,746 $ - $ 966,746 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,653 $ - $ 813 $ 3,466 Loss - - - - - 159 - 1,079 1,238 Pass - - - - - 9,697 43,509 16,667 69,873 Total HELOCs $ - $ - $ - $ - $ - $ 12,509 $ 43,509 $ 18,559 $ 74,577 Personal Substandard $ 118 $ 1,538 $ 936 $ 2,179 $ 880 $ 13,362 $ - $ 1,188 $ 20,201 Loss - 60 - 79 - 34 - 2 175 Pass 529,176 491,652 152,094 186,634 70,292 140,359 - 31,830 1,602,037 Total Personal $ 529,294 $ 493,250 $ 153,030 $ 188,892 $ 71,172 $ 153,755 $ - $ 33,020 $ 1,622,413 Auto Substandard $ 399 $ 7,125 $ 8,748 $ 8,895 $ 4,727 $ 3,005 $ - $ - $ 32,899 Loss - - 28 91 - 9 - - 128 Pass 646,578 1,101,866 697,273 525,778 329,466 155,988 - - 3,456,949 Total Auto $ 646,977 $ 1,108,991 $ 706,049 $ 534,764 $ 334,193 $ 159,002 $ - $ - $ 3,489,976 Other consumer Substandard $ - $ - $ 130 $ - $ 465 $ 5 $ 11,083 $ - $ 11,683 Loss - - - - 443 - - - 443 Pass 17,719 21,774 7,323 7,455 5,042 3,714 63,673 - 126,700 Total Other consumer $ 17,719 $ 21,774 $ 7,453 $ 7,455 $ 5,950 $ 3,719 $ 74,756 $ - $ 138,826 Total Popular Inc. $ 3,630,101 $ 6,191,400 $ 3,786,771 $ 2,757,980 $ 2,031,413 $ 9,296,678 $ 2,625,014 $ 51,579 $ 30,370,936 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)	6 Months Ended
	Jun. 30, 2022
Mortgage Banking [Abstract]
Mortgage Banking Activities	Quarters ended June 30, Six months ended June 30, (In thousands) 2022 2021 2022 2021 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 9,186 $ 9,522 $ 18,509 $ 19,237 Mortgage servicing rights fair value adjustments 2,257 ( 6,239) 3,345 ( 5,727) Total mortgage servicing fees, net of fair value adjustments 11,443 3,283 21,854 13,510 Net gain (loss) on sale of loans, including valuation on loans held-for-sale 36 5,197 ( 1,498) 10,172 Trading account profit (loss): Unrealized losses on outstanding derivative positions ( 2) - - - Realized gains (losses) on closed derivative positions 2,430 ( 866) 6,565 1,636 Total trading account profit (loss) 2,428 ( 866) 6,565 1,636 Losses on repurchased loans, including interest advances ( 332) ( 166) ( 481) ( 527) Total mortgage banking activities $ 13,575 $ 7,448 $ 26,440 $ 24,791

Transfers of financial assets_2

Transfers of financial assets and mortgage servicing assets (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2022 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 77,269 $ - $ 77,269 Mortgage-backed securities - FNMA - 37,640 - 37,640 Mortgage-backed securities - FHLMC - 1,387 - 1,387 Total trading account debt securities $ - $ 116,296 $ - $ 116,296 Mortgage servicing rights $ - $ - $ 1,960 $ 1,960 Total $ - $ 116,296 $ 1,960 $ 118,256 Proceeds Obtained During the Six Months Ended June 30, 2022 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 155,163 $ - $ 155,163 Mortgage-backed securities - FNMA - 95,330 - 95,330 Mortgage-backed securities - FHLMC - 8,505 - 8,505 Total trading account debt securities $ - $ 258,998 $ - $ 258,998 Mortgage servicing rights $ - $ - $ 4,369 $ 4,369 Total $ - $ 258,998 $ 4,369 $ 263,367 Proceeds Obtained During the Quarter Ended June 30, 2021 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 106,729 $ - $ 106,729 Mortgage-backed securities - FNMA - 72,555 - 72,555 Mortgage-backed securities - FHLMC - 13,501 - 13,501 Total trading account debt securities $ - $ 192,785 $ - $ 192,785 Mortgage servicing rights $ - $ - $ 2,880 $ 2,880 Total $ - $ 192,785 $ 2,880 $ 195,665 Proceeds Obtained During the Six Months Ended June 30, 2021 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 208,717 $ - $ 208,717 Mortgage-backed securities - FNMA - 158,835 - 158,835 Mortgage-backed securities - FHLMC - 13,501 - 13,501 Total trading account debt securities $ - $ 381,053 $ - $ 381,053 Mortgage servicing rights $ - $ - $ 5,689 $ 5,689 Total $ - $ 381,053 $ 5,689 $ 386,742
Changes in MSRs measured using the fair value method	Residential MSRs (In thousands) June 30, 2022 June 30, 2021 Fair value at beginning of period $ 121,570 $ 118,395 Additions 5,032 6,809 Changes due to payments on loans [1] ( 5,877) ( 8,012) Reduction due to loan repurchases ( 463) ( 851) Changes in fair value due to changes in valuation model inputs or assumptions 9,571 3,126 Other 44 - Fair value at end of period [2] $ 129,877 $ 119,467 [1] Represents changes due to collection / realization of expected cash flows over time. [2] At June 30, 2022, PB had MSRs amounting to $ 2.0 million (June 30, 2021 - $ 1.3 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 Six Months ended June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 BPPR PB BPPR PB BPPR PB BPPR PB Prepayment speed 4.7 % 7.8 % 5.9 % 12.5 % 5.0 % 8.9 % 7.4 % 21.2 % Weighted average life (in years) 10.2 8.0 8.9 6.0 9.8 7.4 8.0 9.5 Discount rate (annual rate) 10.5 % 9.5 % 10.4 % 11.0 % 10.4 % 9.8 % 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 June 30, December 31, June 30, December 31, (In thousands) 2022 2021 2022 2021 Fair value of servicing rights $ 40,917 $ 40,058 $ 88,960 $ 81,512 Weighted average life (in years) 6.8 7.1 7.5 7.5 Weighted average prepayment speed (annual rate) 6.6 % 7.7 % 6.5 % 7.6 % Impact on fair value of 10% adverse change $ ( 765) $ ( 1,500) $ ( 1,747) $ ( 1,486) Impact on fair value of 20% adverse change $ ( 1,505) $ ( 2,359) $ ( 3,438) $ ( 3,495) Weighted average discount rate (annual rate) 11.2 % 11.2 % 11.0 % 11.0 % Impact on fair value of 10% adverse change $ ( 1,617) $ ( 2,079) $ ( 3,694) $ ( 2,731) Impact on fair value of 20% adverse change $ ( 3,118) $ ( 3,452) $ ( 7,122) $ ( 5,832)

Other real estate owned (Tables

Other real estate owned (Tables)	6 Months Ended
	Jun. 30, 2022
Other Real Estate [Abstract]
Other real estate owned	For the quarter ended June 30, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,468 $ 75,099 $ 90,567 Write-downs in value ( 486) ( 245) ( 731) Additions 832 20,663 21,495 Sales ( 1,564) ( 17,502) ( 19,066) Other adjustments - ( 128) ( 128) Ending balance $ 14,250 $ 77,887 $ 92,137 For the quarter ended June 30, 2021 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,085 $ 56,975 $ 72,060 Write-downs in value ( 157) ( 549) ( 706) Additions 2,125 17,067 19,192 Sales ( 2,653) ( 14,519) ( 17,172) Other adjustments 181 ( 283) ( 102) Ending balance $ 14,581 $ 58,691 $ 73,272 For the six months ended June 30, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,017 $ 70,060 $ 85,077 Write-downs in value ( 850) ( 573) ( 1,423) Additions 3,519 39,903 43,422 Sales ( 3,544) ( 31,045) ( 34,589) Other adjustments 108 ( 458) ( 350) Ending balance $ 14,250 $ 77,887 $ 92,137 For the six months ended June 30, 2021 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 13,214 $ 69,932 $ 83,146 Write-downs in value ( 464) ( 1,519) ( 1,983) Additions 5,975 18,940 24,915 Sales ( 4,325) ( 28,379) ( 32,704) Other adjustments 181 ( 283) ( 102) Ending balance $ 14,581 $ 58,691 $ 73,272

Other assets (Tables)

Other assets (Tables)	6 Months Ended
	Jun. 30, 2022
Other Assets Abstract
Other Assets by Major Categories	(In thousands) June 30, 2022 December 31, 2021 Net deferred tax assets (net of valuation allowance) $ 817,867 $ 657,597 Investments under the equity method 318,836 298,988 Prepaid taxes 52,721 37,924 Other prepaid expenses 85,964 79,845 Derivative assets 17,218 26,093 Trades receivable from brokers and counterparties 45,118 65,460 Principal, interest and escrow servicing advances 45,889 53,942 Guaranteed mortgage loan claims receivable 84,990 98,001 Operating ROU assets (Note 27) 126,080 141,748 Finance ROU assets (Note 27) 19,349 13,459 Others 159,491 155,514 Total other assets $ 1,773,523 $ 1,628,571

Goodwill and other intangible_2

Goodwill and other intangible assets (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure
Goodwill and accumulated impairment losses by reportable segments	June 30, 2022 Balance at Balance at June 30, Accumulated June 30, 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 June 30, 2022 Core deposits $ 12,810 $ 9,394 $ 3,416 Other customer relationships 14,286 3,929 10,357 Total other intangible assets $ 27,096 $ 13,323 $ 13,773 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 $ 1,589 Year 2023 3,179 Year 2024 2,938 Year 2025 1,750 Year 2026 1,440 Later years 2,877

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Jun. 30, 2022
Deposits [Abstract]
Interest bearing deposits	(In thousands) June 30, 2022 December 31, 2021 Savings accounts $ 15,796,175 $ 15,871,998 NOW, money market and other interest bearing demand deposits 25,772,708 28,736,459 Total savings, NOW, money market and other interest bearing demand deposits 41,568,883 44,608,457 Certificates of deposit: Under $250,000 4,143,611 4,086,059 $250,000 and over 2,951,911 2,626,090 Total certificates of deposit 7,095,522 6,712,149 Total interest bearing deposits $ 48,664,405 $ 51,320,606
Summary of certificates of deposits by maturity	(In thousands) 2022 $ 3,357,467 2023 1,378,319 2024 842,853 2025 641,308 2026 484,722 2027 and thereafter 390,853 Total certificates of deposit $ 7,095,522

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Schedule of repurchase agreements	Repurchase agreements accounted for as secured borrowings June 30, 2022 December 31, 2021 Repurchase Repurchase (In thousands) liability liability U.S. Treasury securities Within 30 days $ 14,139 $ 19,538 After 30 to 90 days 18,198 30,295 After 90 days 27,207 29,036 Total U.S. Treasury securities 59,544 78,869 Mortgage-backed securities Within 30 days 10,534 11,733 After 30 to 90 days 847 - After 90 days - 722 Total mortgage-backed securities 11,381 12,455 Collateralized mortgage obligations Within 30 days - 279 Total collateralized mortgage obligations - 279 Total $ 70,925 $ 91,603
Notes payable	Notes Payable The following table presents the composition of notes payable at June 30, 2022 and December 31, 2021. (In thousands) June 30, 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% $ 391,429 $ 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 $ 1,524 298,475 297,842 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 $ 328 198,306 198,292 Total notes payable $ 888,210 $ 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 June 30, 2022 is included in the table below. Assets sold under (In thousands) agreements to repurchase Notes payable Total 2022 $ 70,925 $ 2,148 $ 73,073 2023 - 341,736 341,736 2024 - 91,943 91,943 2025 - 139,920 139,920 2026 - 74,500 74,500 Later years - 237,963 237,963 Total borrowings $ 70,925 $ 888,210 $ 959,135

Other liabilities (Tables)

Other liabilities (Tables)	6 Months Ended
	Jun. 30, 2022
Other Liabilities Disclosure [Abstract]
Other Liabilities Table Text Block	(In thousands) June 30, 2022 December 31, 2021 Accrued expenses $ 280,991 $ 308,594 Accrued interest payable 33,015 33,227 Accounts payable 97,220 91,804 Dividends payable 42,120 35,937 Trades payable 10,312 13,789 Liability for GNMA loans sold with an option to repurchase 11,034 12,806 Reserves for loan indemnifications 9,881 12,639 Reserve for operational losses 37,718 43,886 Operating lease liabilities (Note 27) 138,217 154,114 Finance lease liabilities (Note 27) 25,463 19,719 Pension benefit obligation 8,214 8,778 Postretirement benefit obligation 158,904 161,988 Others 68,694 70,967 Total other liabilities $ 921,783 $ 968,248

Other comprehensive (loss) in_2

Other comprehensive (loss) income (Tables)	6 Months Ended
	Jun. 30, 2022
Accumulated Other Comprehensive Income (Loss)
Schedule of accumulated other comprehensive income	Changes in Accumulated Other Comprehensive Loss by Component [1] Quarters ended Six months ended June 30, June 30, (In thousands) 2022 2021 2022 2021 Foreign currency translation Beginning Balance $ ( 70,165) $ ( 70,685) $ ( 67,307) $ ( 71,254) Other comprehensive income 5,998 2,726 3,140 3,295 Net change 5,998 2,726 3,140 3,295 Ending balance $ ( 64,167) $ ( 67,959) $ ( 64,167) $ ( 67,959) Adjustment of pension and postretirement benefit plans Beginning Balance $ ( 155,281) $ ( 191,814) $ ( 158,994) $ ( 195,056) Other comprehensive income before reclassifications - - 1,269 - Amounts reclassified from accumulated other comprehensive loss for amortization of net losses 2,444 3,242 4,888 6,484 Net change 2,444 3,242 6,157 6,484 Ending balance $ ( 152,837) $ ( 188,572) $ ( 152,837) $ ( 188,572) Unrealized net holding (losses) gains on debt securities Beginning Balance $ ( 1,171,950) $ 90,955 $ ( 96,120) $ 460,900 Other comprehensive (loss) income ( 563,420) 73,027 ( 1,639,250) ( 296,918) Net change ( 563,420) 73,027 ( 1,639,250) ( 296,918) Ending balance $ ( 1,735,370) $ 163,982 $ ( 1,735,370) $ 163,982 Unrealized net losses on cash flow hedges Beginning Balance $ 158 $ ( 3,194) $ ( 2,648) $ ( 4,599) Other comprehensive (loss) income before reclassifications ( 332) ( 230) 2,807 1,127 Amounts reclassified from accumulated other comprehensive loss ( 468) 282 ( 801) 330 Net change ( 800) 52 2,006 1,457 Ending balance $ ( 642) $ ( 3,142) $ ( 642) $ ( 3,142) Total $ ( 1,953,016) $ ( 95,691) $ ( 1,953,016) $ ( 95,691) [1] All amounts presented are net of tax.
Reclassification out of accumulated other comprehensive income	Reclassifications Out of Accumulated Other Comprehensive Loss Quarters ended Six Months ended Affected Line Item in the June 30, June 30, (In thousands) Consolidated Statements of Operations 2022 2021 2022 2021 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ ( 3,911) $ ( 5,189) $ ( 7,822) $ ( 10,379) Total before tax ( 3,911) ( 5,189) ( 7,822) ( 10,379) Income tax benefit 1,467 1,947 2,934 3,895 Total net of tax $ ( 2,444) $ ( 3,242) $ ( 4,888) $ ( 6,484) Unrealized net losses on cash flow hedges Forward contracts Mortgage banking activities $ 1,099 $ 2 $ 2,077 $ 348 Interest rate swaps Other operating income ( 219) ( 282) ( 498) ( 537) Total before tax 880 ( 280) 1,579 ( 189) Income tax benefit ( 412) ( 2) ( 778) ( 141) Total net of tax $ 468 $ ( 282) $ 801 $ ( 330) Total reclassification adjustments, net of tax $ ( 1,976) $ ( 3,524) $ ( 4,087) $ ( 6,814)

Guarantees (Tables)

Guarantees (Tables)	6 Months Ended
	Jun. 30, 2022
Guarantee on loans sold or serviced with credit recourse
Guarantor Obligations
Credit recourse agreements reserve	Quarters ended June 30, Six months ended June 30, (In thousands) 2022 2021 2022 2021 Balance as of beginning of period $ 10,335 $ 20,244 $ 11,800 $ 22,484 Provision (benefit) for recourse liability ( 395) ( 1,568) ( 349) ( 751) Net charge-offs ( 845) ( 3,014) ( 2,356) ( 6,071) Balance as of end of period $ 9,095 $ 15,662 $ 9,095 $ 15,662

Commitments and contingencies (

Commitments and contingencies (Tables)	6 Months Ended
	Jun. 30, 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) June 30, 2022 December 31, 2021 Commitments to extend credit: Credit card lines $ 5,727,176 $ 5,382,089 Commercial and construction lines of credit 3,982,769 3,830,601 Other consumer unused credit commitments 249,490 250,229 Commercial letters of credit 1,991 3,260 Standby letters of credit 31,437 27,848 Commitments to originate or fund mortgage loans 121,631 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 June 30, 2022: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 15 $ - $ 15 $ 15 After 5 to 10 years 1 - 1 1 After 10 years 31 - 31 31 Total Central Government 47 - 47 47 Municipalities Within 1 year 4,440 31,880 36,320 372,881 After 1 to 5 years 13,045 67,472 80,517 13,045 After 5 to 10 years 9,530 170,643 180,173 9,530 After 10 years 230 55,257 55,487 230 Total Municipalities 27,245 325,252 352,497 395,686 Total Direct Government Exposure $ 27,292 $ 325,252 $ 352,544 $ 395,733

Non-consolidated variable int_2

Non-consolidated variable interest entities (Tables)	6 Months Ended
	Jun. 30, 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) June 30, 2022 December 31, 2021 Assets Servicing assets: Mortgage servicing rights $ 101,094 $ 94,464 Total servicing assets $ 101,094 $ 94,464 Other assets: Servicing advances $ 6,922 $ 7,968 Total other assets $ 6,922 $ 7,968 Total assets $ 108,016 $ 102,432 Maximum exposure to loss $ 108,016 $ 102,432

Related party transactions (Tab

Related party transactions (Tables) - EVERTEC Inc.	6 Months Ended
	Jun. 30, 2022
Equity method investments	(In thousands) June 30, 2022 December 31, 2021 Equity investment in Evertec $ 125,330 $ 110,299
Balance sheet data resulting from related party transactions	(In thousands) June 30, 2022 December 31, 2021 Accounts receivable (Other assets) $ 2,800 $ 5,668 Deposits ( 106,200) ( 150,737) Accounts payable (Other liabilities) ( 1,252) ( 3,431) Net total $ ( 104,652) $ ( 148,500)
Proportionate Share Of Income Loss And Changes In Stockholders Equity	Quarter ended Six Months ended (In thousands) June 30, 2022 June 30, 2022 Share of income from the investment in Evertec $ 5,480 $ 11,827 Share of other changes in Evertec's stockholders' equity 1,410 3,168 Share of Evertec's changes in equity recognized in income $ 6,890 $ 14,995 Quarter ended Six Months ended (In thousands) June 30, 2021 June 30, 2021 Share of income from the investment in Evertec $ 7,967 $ 13,716 Share of other changes in Evertec's stockholders' equity 237 400 Share of Evertec's changes in equity recognized in income $ 8,204 $ 14,116
Income Statement Data Resulting From Related Party Transactions	Quarter ended Six Months ended (In thousands) June 30, 2022 June 30, 2022 Category Interest expense on deposits $ ( 135) $ ( 267) Interest expense ATH and credit cards interchange income from services to Evertec 7,272 13,955 Other service fees Rental income charged to Evertec 1,577 3,258 Net occupancy Processing fees on services provided by Evertec ( 66,459) ( 128,681) Professional fees Other services provided to Evertec 202 420 Other operating expenses Total $ ( 57,543) $ ( 111,315) Quarter ended Six Months ended (In thousands) June 30, 2021 June 30, 2021 Category Interest expense on deposits $ ( 75) $ ( 164) Interest expense ATH and credit cards interchange income from services to Evertec 6,976 13,429 Other service fees Rental income charged to Evertec 1,396 2,943 Net occupancy Processing fees on services provided by Evertec ( 60,740) ( 120,881) Professional fees Other services provided to Evertec 219 340 Other operating expenses Total $ ( 52,224) $ ( 104,333)

Fair value measurement (Tables)

Fair value measurement (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures
Assets and Liabilities Measured at Fair Value on a Recurring Basis	At June 30, 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 $ 2,019,437 $ 16,821,045 $ - $ - $ 18,840,482 Obligations of U.S. Government sponsored entities - 70 - - 70 Collateralized mortgage obligations - federal agencies - 172,784 - - 172,784 Mortgage-backed securities - 7,251,541 779 - 7,252,320 Other - 95 500 - 595 Total debt securities available-for-sale $ 2,019,437 $ 24,245,535 $ 1,279 $ - $ 26,266,251 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 16,873 $ - $ - $ - $ 16,873 Obligations of Puerto Rico, States and political subdivisions - 73 - - 73 Collateralized mortgage obligations - 51 152 - 203 Mortgage-backed securities - 14,904 - - 14,904 Other - - 264 - 264 Total trading account debt securities, excluding derivatives $ 16,873 $ 15,028 $ 416 $ - $ 32,317 Equity securities $ - $ 28,214 $ - $ 215 $ 28,429 Mortgage servicing rights - - 129,877 - 129,877 Derivatives - 17,218 - - 17,218 Total assets measured at fair value on a recurring basis $ 2,036,310 $ 24,305,995 $ 131,572 $ 215 $ 26,474,092 Liabilities Derivatives $ - $ ( 16,173) $ - $ - $ ( 16,173) Contingent consideration - - ( 9,241) - ( 9,241) Total liabilities measured at fair value on a recurring basis $ - $ ( 16,173) $ ( 9,241) $ - $ ( 25,414) 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	Six months ended June 30, 2022 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 6,694 $ 6,694 $ ( 1,183) Other real estate owned [2] - - 2,161 2,161 ( 769) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 8,855 $ 8,855 $ ( 1,952) [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] 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. Six months ended June 30, 2021 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets Write-downs Loans [1] $ - $ - $ 19,369 $ 19,369 $ ( 2,957) Loans held-for-sale [2] - - 8,700 8,700 ( 596) Other real estate owned [3] - - 7,942 7,942 ( 1,503) Long-lived assets held-for-sale [4] - - 2,728 2,728 ( 303) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 38,739 $ 38,739 $ ( 5,359) [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 June 30, 2022 MBS Other CMOs Other classified securities classified securities as debt classified as as trading classified securities debt securities account as trading Mortgage available- available- debt account debt servicing Total Contingent Total (In thousands) for-sale for-sale securities securities rights assets consideration liabilities Balance at March 31, 2022 $ 793 $ - $ 174 $ 267 $ 125,358 $ 126,592 $ 9,241 $ 9,241 Gains (losses) included in earnings - - - ( 3) 2,258 2,255 - - Gains (losses) included in OCI 11 - - - - 11 - - Additions - 500 - - 2,261 2,761 - - Settlements ( 25) - ( 22) - - ( 47) - - Balance at June 30, 2022 $ 779 $ 500 $ 152 $ 264 $ 129,877 $ 131,572 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2022 $ - $ - $ ( 1) $ 2 $ 5,318 $ 5,319 $ - $ - Six months ended June 30, 2022 MBS Other Other classified securities CMOs securities as investment classified as classified classified securities debt securities as trading as trading Mortgage available- available- account account servicing Total Contingent Total (In thousands) for-sale for-sale securities securities rights assets consideration liabilities Balance at January 1, 2022 $ 826 $ - $ 198 $ 280 $ 121,570 $ 122,874 $ 9,241 $ 9,241 Gains (losses) included in earnings - - ( 1) ( 16) 3,275 3,258 - - Gains (losses) included in OCI 3 - - - - 3 - - Additions - 500 2 - 5,032 5,534 - - Settlements ( 50) - ( 47) - - ( 97) - - Balance at June 30, 2022 $ 779 $ 500 $ 152 $ 264 $ 129,877 $ 131,572 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2022 $ - $ - $ ( 1) $ 7 $ 9,571 $ 9,577 $ - $ - Quarter ended June 30, 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 March 31, 2021 $ 934 $ 251 $ 372 $ 122,543 $ 124,100 Gains (losses) included in earnings - - ( 11) ( 6,249) ( 6,260) Gains (losses) included in OCI 4 - - - 4 Additions - 23 - 3,173 3,196 Settlements - ( 24) - - ( 24) Balance at June 30, 2021 $ 938 $ 250 $ 361 $ 119,467 $ 121,016 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2021 $ - $ - $ 5 $ ( 2,036) $ ( 2,031) Six months ended June 30, 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 January 1, 2021 $ 1,014 $ 278 $ 381 $ 118,395 $ 120,068 Gains (losses) included in earnings - - ( 20) ( 5,737) ( 5,757) Gains (losses) included in OCI ( 1) - - - ( 1) Additions - 24 - 6,809 6,833 Settlements ( 75) ( 52) - - ( 127) Balance at June 30, 2021 $ 938 $ 250 $ 361 $ 119,467 $ 121,016 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2021 $ - $ - $ 9 $ 3,126 $ 3,135
Gain (loss) included in earnings, measured on recurring basis	Quarter ended June 30, 2022 Six months ended June 30, 2022 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 $ 2,258 $ 5,318 $ 3,275 $ 9,571 Trading account profit (loss) ( 3) 1 ( 17) 6 Total $ 2,255 $ 5,319 $ 3,258 $ 9,577 Quarter ended June 30, 2021 Six months ended June 30, 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 $ ( 6,249) $ ( 2,036) $ ( 5,737) $ 3,126 Trading account profit (loss) ( 11) 5 ( 20) 9 Total $ ( 6,260) $ ( 2,031) $ ( 5,757) $ 3,135
Fair value measurements, recurring and nonrecurring valuation techniques	Fair value at June 30, (In thousands) 2022 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 152 Discounted cash flow model Weighted average life 0.6 years ( 0.3 - 0.8 years) Yield 4.2% ( 4.2% - 4.8%) Prepayment speed 12.5% ( 12.0% - 16.3%) Other - trading $ 264 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 $ 3,779 [2] External appraisal Haircut applied on external appraisals 12.6% Other real estate owned $ 76 [3] External appraisal Haircut applied on external appraisals 5.0% [1] Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table. [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table. Fair value at June 30, (In thousands) 2021 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 250 Discounted cash flow model Weighted average life 1.0 years ( 0.3 - 1.2 years) Yield 3.6% ( 3.6% - 4.1%) Prepayment speed 13.1% ( 10.2% - 18.1%) Other - trading $ 361 Discounted cash flow model Weighted average life 3.6 years Yield 12.0% Prepayment speed 10.8% Mortgage servicing rights $ 119,467 Discounted cash flow model Prepayment speed 6.0% ( 0.3% - 33.1)%) Weighted average life 6.2 years ( 0.1 - 13.1 years) Discount rate 11.1% ( 9.5% - 14.7%) Loans held-in-portfolio $ 18,565 [2] External appraisal Haircut applied on external appraisals 11.1% ( 10.0% - 30.5%) Other real estate owned $ 6,672 [3] External appraisal Haircut applied on external appraisals 20.3% ( 5.0% - 35.0%) [1] Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table. [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table.

Fair value of financial instr_2

Fair value of financial instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures
Carrying or Notional Amounts and Estimated Fair Values for Financial Instruments	June 30, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 528,590 $ 528,590 $ - $ - $ - $ 528,590 Money market investments 9,687,356 9,680,569 6,787 - - 9,687,356 Trading account debt securities, excluding derivatives [1] 32,317 16,873 15,028 416 - 32,317 Debt securities available-for-sale [1] 26,266,251 2,019,437 24,245,535 1,279 - 26,266,251 Debt securities held-to-maturity: U.S. Treasury securities $ 1,588,746 $ - $ 1,577,586 $ - $ - $ 1,577,586 Obligations of Puerto Rico, States and political subdivisions 61,790 - - 65,991 - 65,991 Collateralized mortgage obligation-federal agency 24 - - 24 - 24 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities held-to-maturity $ 1,656,520 $ - $ 1,583,546 $ 66,015 $ - $ 1,649,561 Equity securities: FHLB stock $ 49,595 $ - $ 49,595 $ - $ - $ 49,595 FRB stock 94,691 - 94,691 - - 94,691 Other investments 31,584 - 28,214 3,982 215 32,411 Total equity securities $ 175,870 $ - $ 172,500 $ 3,982 $ 215 $ 176,697 Loans held-for-sale $ 28,546 $ - $ - $ 29,008 $ - $ 29,008 Loans held-in-portfolio 29,689,186 - - 28,385,203 - 28,385,203 Mortgage servicing rights 129,877 - - 129,877 - 129,877 Derivatives 17,218 - 17,218 - - 17,218 June 30, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 58,232,142 $ - $ 58,232,142 $ - $ - $ 58,232,142 Time deposits 7,095,522 - 6,813,156 - - 6,813,156 Total deposits $ 65,327,664 $ - $ 65,045,298 $ - $ - $ 65,045,298 Assets sold under agreements to repurchase $ 70,925 $ - $ 70,991 $ - $ - $ 70,991 Notes payable: FHLB advances $ 391,429 $ - $ 371,908 $ - $ - $ 371,908 Unsecured senior debt securities 298,475 - 305,052 - - 305,052 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,306 - 197,151 - - 197,151 Total notes payable $ 888,210 $ - $ 874,111 $ - $ - $ 874,111 Derivatives $ 16,173 $ - $ 16,173 $ - $ - $ 16,173 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)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share
Computation of Net Income (Loss) Per Common Share ("EPS"), Basic and Diluted	Quarters ended June 30, Six months ended June 30, (In thousands, except per share information) 2022 2021 2022 2021 Net income $ 211,421 $ 218,079 $ 423,107 $ 480,711 Preferred stock dividends ( 353) ( 353) ( 706) ( 706) Net income applicable to common stock $ 211,068 $ 217,726 $ 422,401 $ 480,005 Average common shares outstanding 76,171,784 81,609,435 77,301,469 82,748,275 Average potential dilutive common shares 115,099 163,354 124,805 140,103 Average common shares outstanding - assuming dilution 76,286,883 81,772,789 77,426,274 82,888,378 Basic EPS $ 2.77 $ 2.67 $ 5.46 $ 5.80 Diluted EPS $ 2.77 $ 2.66 $ 5.46 $ 5.79

Revenue from contracts with c_2

Revenue from contracts with customers (Tables)	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2022 and 2021 Quarter ended June 30, Six months ended June 30, (In thousands) 2022 2022 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 38,993 $ 2,816 $ 76,978 $ 5,544 Other service fees: Debit card fees 12,660 222 24,222 439 Insurance fees, excluding reinsurance 9,982 1,374 20,020 2,696 Credit card fees, excluding late fees and membership fees 34,785 311 65,007 635 Sale and administration of investment products 6,017 - 11,808 - Trust fees 6,358 - 12,507 - Total revenue from contracts with customers [1] $ 108,795 $ 4,723 $ 210,542 $ 9,314 [1] The amounts include intersegment transactions of $ 3.5 million and $ 5 million, respectively, for the quarter and six months ended June 30, 2022. Quarter ended June 30, Six months ended June 30, (In thousands) 2021 2021 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 37,377 $ 2,776 $ 74,236 $ 5,537 Other service fees: Debit card fees 12,213 245 23,555 480 Insurance fees, excluding reinsurance 9,835 820 18,073 1,429 Credit card fees, excluding late fees and membership fees 29,717 266 55,127 514 Sale and administration of investment products 5,970 - 11,510 - Trust fees 6,289 - 12,304 - Total revenue from contracts with customers [1] $ 101,401 $ 4,107 $ 194,805 $ 7,960 [1] The amounts include intersegment transactions of $ 2 million and $ 2.3 million, respectively, for the quarter and six months ended June 30, 2021.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 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: June 30, 2022 (In thousands) Remaining 2022 2023 2024 2025 2026 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 14,676 $ 27,985 $ 26,571 $ 23,644 $ 15,171 $ 47,965 $ 156,012 $ ( 17,795) $ 138,217 Finance Leases 2,079 4,225 4,323 4,434 4,084 9,995 29,140 ( 3,677) 25,463
Leases cost	The following table presents the lease cost recognized by the Corporation in the Consolidated Statements of Operations as follows: Quarters ended June 30, Six months ended June 30, (In thousands) 2022 2021 2022 2021 Finance lease cost: Amortization of ROU assets $ 686 $ 475 $ 1,445 $ 1,056 Interest on lease liabilities 279 265 587 538 Operating lease cost 7,660 7,150 15,287 14,205 Short-term lease cost 113 88 168 175 Variable lease cost 30 20 53 50 Sublease income ( 10) ( 19) ( 19) ( 38) Total lease cost [1] $ 8,758 $ 7,979 $ 17,521 $ 15,986 [1] Total lease cost is recognized as part of net occupancy expense, except for the net gain recognized from sale and leaseback transactions which was included as part of other operating income.
Leases supplemental information	The following table presents supplemental cash flow information and other related information related to operating and finance leases. Six months ended June 30, (Dollars in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases [1] $ 15,005 $ 22,542 Operating cash flows from finance leases 587 538 Financing cash flows from finance leases [1] 1,592 1,692 ROU assets obtained in exchange for new lease obligations: Operating leases $ 1,806 $ 2,801 Finance leases 556 - Weighted-average remaining lease term: Operating leases 7.5 years 8.1 years Finance leases 8.5 years 8.7 years Weighted-average discount rate: Operating leases 2.8 % 3.0 % Finance leases 4.3 % 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)	6 Months Ended
	Jun. 30, 2022
Employee benefits
Components of Net Periodic Pension/Postretirement Benefit Cost	Pension Plans OPEB Plan Quarters ended June 30, Quarters ended June 30, (In thousands) 2022 2021 2022 2021 Personnel Cost: Service cost $ - $ - $ 121 $ 160 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 - 469 Total net periodic pension cost $ ( 136) $ ( 952) $ 1,104 $ 1,522 Pension Plans OPEB Plan Six months ended June 30, Six months ended June 30, (In thousands) 2022 2021 2022 2021 Personnel Cost: Service cost $ - $ - $ 242 $ 320 Other operating expenses: Interest cost 9,600 7,996 1,966 1,785 Expected return on plan assets ( 17,694) ( 19,341) - - Amortization prior service cost/(credit) - - - - Amortization of net loss 7,822 9,440 - 939 Total net periodic pension cost $ ( 272) $ ( 1,905) $ 2,208 $ 3,044
Schedule of expected benefit payments	For the six months ended For the year ending (In thousands) June 30, 2022 December 31, 2022 Pension Plans $ 114 $ 227 OPEB Plan $ 3,305 $ 5,971

Stock-based compensation (Table

Stock-based compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Executive Officers
Schedule of Unvested Restricted Stock Units Roll Forward	(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 192,903 84.34 Performance Shares Quantity Adjustment 9,255 55.51 Vested ( 234,158) 67.23 Forfeited ( 295) 76.85 Non-vested at June 30, 2022 289,588 $ 56.89
Directors
Schedule of Unvested Restricted Stock Units Roll Forward	(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 23,552 77.59 Vested ( 23,552) 77.59 Forfeited - - Non-vested at June 30, 2022 $ - $ -

Income taxes (Tables)

Income taxes (Tables)	6 Months Ended
	Jun. 30, 2022
Components of Deferred Tax Assets and Liabilities	June 30, 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 119,891 652,204 772,095 Postretirement and pension benefits 52,779 - 52,779 Deferred loan origination fees/cost 21 - 21 Allowance for credit losses 233,382 31,025 264,407 Accelerated depreciation 5,246 7,268 12,514 FDIC-assisted transaction 152,665 - 152,665 Intercompany deferred gains 2,477 - 2,477 Lease liability 30,152 21,967 52,119 Unrealized net gain on trading and available-for-sale securities 196,221 16,138 212,359 Difference in outside basis from pass-through entities 46,112 - 46,112 Other temporary differences 33,701 8,291 41,992 Total gross deferred tax assets 872,908 739,674 1,612,582 Deferred tax liabilities: Indefinite-lived intangibles 78,300 52,874 131,174 Right of use assets 27,927 18,499 46,426 Deferred loan origination fees/cost 1,431 3,661 5,092 Other temporary differences 43,044 1,530 44,574 Total gross deferred tax liabilities 150,702 76,564 227,266 Valuation allowance 134,495 434,471 568,966 Net deferred tax asset $ 587,711 $ 228,639 $ 816,350 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 Balance at June 30 $ 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 June 30, 2022 June 30, 2021 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 103,362 38 % $ 109,189 38 % Net benefit of tax exempt interest income ( 41,336) ( 15) ( 36,840) ( 13) Deferred tax asset valuation allowance 2,047 - 5,832 2 Difference in tax rates due to multiple jurisdictions ( 6,817) ( 3) ( 4,881) ( 2) Effect of income subject to preferential tax rate ( 3,097) ( 1) ( 1,405) ( 1) Adjustment due to estimate on the annual effective rate 6,939 3 ( 405) - State and local taxes 3,566 1 2,530 1 Others ( 452) - ( 927) - Income tax expense $ 64,212 23 % $ 73,093 25 % Six months ended June 30, 2022 June 30, 2021 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 201,674 38 % $ 236,488 38 % Net benefit of tax exempt interest income ( 77,825) ( 15) ( 71,003) ( 11) Deferred tax asset valuation allowance 5,938 1 16,153 3 Difference in tax rates due to multiple jurisdictions ( 13,310) ( 3) ( 15,829) ( 3) Effect of income subject to preferential tax rate ( 7,042) ( 1) ( 4,734) ( 1) Adjustment due to estimate on the annual effective rate 559 - ( 10,733) ( 2) State and local taxes 7,231 1 2,591 - Others ( 2,534) - ( 3,009) - Income tax expense $ 114,691 21 % $ 149,924 24 %

Supplemental disclosure on th_2

Supplemental disclosure on the consolidated statements of cash flows (Tables)	6 Months Ended
	Jun. 30, 2022
Supplemental Cash Flow Information
Additional Disclosures on Cash Flow Information and Non-Cash Activities	(In thousands) June 30, 2022 June 30, 2021 Non-cash activities: Loans transferred to other real estate $ 37,434 $ 22,012 Loans transferred to other property 25,836 22,450 Total loans transferred to foreclosed assets 63,270 44,462 Loans transferred to other assets 4,183 2,846 Financed sales of other real estate assets 4,282 7,329 Financed sales of other foreclosed assets 20,466 21,398 Total financed sales of foreclosed assets 24,748 28,727 Financed sale of premises and equipment 19,745 8,502 Transfers from premises and equipment to long-lived assets held-for-sale 440 26,222 Transfers from loans held-in-portfolio to loans held-for-sale 9,199 47,227 Transfers from loans held-for-sale to loans held-in-portfolio 5,773 1,886 Loans securitized into investment securities [1] 258,998 381,053 Trades receivable from brokers and counterparties 44,474 78,007 Trades payable to brokers and counterparties 10,313 12,400 Receivables from investments maturities - 50,000 Recognition of mortgage servicing rights on securitizations or asset transfers 5,032 6,809 Loans booked under the GNMA buy-back option 5,544 19,669 Capitalization of lease right of use asset 4,510 4,567 [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) June 30, 2022 June 30, 2021 Cash and due from banks $ 476,768 $ 524,083 Restricted cash and due from banks 51,822 6,766 Restricted cash in money market investments 6,787 5,997 Total cash and due from banks, and restricted cash [2] $ 535,377 $ 536,846 [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)	6 Months Ended
	Jun. 30, 2022
Table Text Block
Results of Operations and Total Assets	2022 For the quarter ended June 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 447,794 $ 93,431 $ 1 Provision for credit losses (benefit) 8,818 588 - Non-interest income 144,377 4,919 ( 136) Amortization of intangibles 485 310 - Depreciation expense 11,675 1,755 - Other operating expenses 337,979 55,911 ( 136) Income tax expense 53,588 11,697 - Net income $ 179,626 $ 28,089 $ 1 Segment assets $ 60,435,535 $ 10,820,953 $ ( 172,039) For the quarter ended June 30, 2022 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 541,226 $ ( 7,364) $ - $ 533,862 Provision for credit losses (benefit) 9,406 ( 44) - 9,362 Non-interest income 149,160 11,567 ( 3,316) 157,411 Amortization of intangibles 795 - - 795 Depreciation expense 13,430 294 - 13,724 Other operating expenses 393,754 ( 547) ( 1,448) 391,759 Income tax expense (benefit) 65,285 ( 335) ( 738) 64,212 Net income $ 207,716 $ 4,835 $ ( 1,130) $ 211,421 Segment assets $ 71,084,449 $ 5,456,518 $ ( 5,039,036) $ 71,501,931 For the six months ended June 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 862,963 $ 179,951 $ 2 Provision for credit losses (benefit) ( 4,872) ( 1,431) - Non-interest income 280,239 10,873 ( 273) Amortization of intangibles 969 717 - Depreciation expense 23,192 3,579 - Other operating expenses 672,857 109,550 ( 272) Income tax expense 92,904 23,289 - Net income $ 358,152 $ 55,120 $ 1 Segment assets $ 60,435,535 $ 10,820,953 $ ( 172,039) For the six months ended June 30, 2022 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,042,916 $ ( 14,742) $ - $ 1,028,174 Provision for credit losses (benefit) ( 6,303) 165 - ( 6,138) Non-interest income 290,839 25,832 ( 4,568) 312,103 Amortization of intangibles 1,686 - - 1,686 Depreciation expense 26,771 583 - 27,354 Other operating expenses 782,135 ( 103) ( 2,455) 779,577 Income tax expense (benefit) 116,193 ( 667) ( 835) 114,691 Net income $ 413,273 $ 11,112 $ ( 1,278) $ 423,107 Segment assets $ 71,084,449 $ 5,456,518 $ ( 5,039,036) $ 71,501,931 2021 For the quarter ended June 30, 2021 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 419,200 $ 78,743 $ 1 Provision for credit losses (benefit) ( 22,042) 4,856 - Non-interest income 136,052 5,267 ( 137) Amortization of intangibles 860 167 - Depreciation expense 11,808 1,597 - Other operating expenses 307,663 48,533 ( 136) Income tax expense 63,614 10,163 - Net income $ 193,349 $ 18,694 $ - Segment assets $ 62,104,522 $ 10,197,371 $ ( 23,954) For the quarter ended June 30, 2021 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Inc. Net interest income (expense) $ 497,944 $ ( 10,142) $ - $ 487,802 Provision for credit losses (benefit) ( 17,186) 171 - ( 17,015) Non-interest income 141,182 15,274 ( 1,916) 154,540 Amortization of intangibles 1,027 228 - 1,255 Depreciation expense 13,405 265 - 13,670 Other operating expenses 356,060 ( 1,852) ( 948) 353,260 Income tax expense (benefit) 73,777 ( 313) ( 371) 73,093 Net income $ 212,043 $ 6,633 $ ( 597) $ 218,079 Segment assets $ 72,277,939 $ 5,407,659 $ ( 5,028,305) $ 72,657,293 For the six months ended June 30, 2021 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 829,523 $ 157,912 $ 3 Provision for credit losses (benefit) ( 67,403) ( 31,864) - Non-interest income 271,260 10,933 ( 275) Amortization of intangibles 1,721 333 - Depreciation expense 23,951 3,925 - Other operating expenses 614,583 101,727 ( 272) Income tax expense 122,427 28,198 - Net income $ 405,504 $ 66,526 $ - Segment assets $ 62,104,522 $ 10,197,371 $ ( 23,954) For the six months ended June 30, 2021 Reportable Total (In thousands) Segments Corporate Eliminations Popular, Inc. Net interest income (expense) $ 987,438 $ ( 20,524) $ - $ 966,914 Provision for credit losses (benefit) ( 99,267) 26 - ( 99,241) Non-interest income 281,918 28,424 ( 2,149) 308,193 Amortization of intangibles 2,054 252 - 2,306 Depreciation expense 27,876 532 - 28,408 Other operating expenses 716,038 ( 1,182) ( 1,857) 712,999 Income tax expense (benefit) 150,625 ( 646) ( 55) 149,924 Net income $ 472,030 $ 8,918 $ ( 237) $ 480,711 Segment assets $ 72,277,939 $ 5,407,659 $ ( 5,028,305) $ 72,657,293
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area	Geographic Information Quarter ended Six months ended (In thousands) June 30, 2022 June 30, 2021 June 30, 2022 June 30, 2021 Revenues: [1] Puerto Rico $ 560,635 $ 529,143 $ 1,088,308 $ 1,047,852 United States 111,369 95,276 214,543 191,288 Other 19,269 17,923 37,426 35,967 Total consolidated revenues $ 691,273 $ 642,342 $ 1,340,277 $ 1,275,107 [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 gain (loss) on trading account debt securities, net loss on sale of loans, including valuation adjustment on loans held-for-sale, adjustments (expense) to indemnity reserves on loans sold, and other operating income. Selected Balance Sheet Information: (In thousands) June 30, 2022 December 31, 2021 Puerto Rico Total assets $ 58,506,196 $ 63,221,282 Loans 20,177,693 19,770,118 Deposits 55,140,193 57,211,608 United States Total assets $ 11,651,798 $ 10,986,055 Loans 9,652,668 8,903,493 Deposits 8,131,590 7,777,232 Other Total assets $ 1,343,937 $ 890,562 Loans 569,121 626,115 Deposits [1] 2,055,881 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	Jun. 30, 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	$ 84	$ 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	Jun. 30, 2022	Dec. 31, 2021
Amortized cost
Amortized Cost	$ 28,200,789	$ 25,061,224
Gross unrealized gains
Gross unrealized gains	5,485	205,393
Gross unrealized loss
Gross unrealized losses	1,940,023	298,348
Fair Value
Debt securities available-for-sale	$ 26,266,251	$ 24,968,269
Weighted average yield
Weighted Average Yield	1.42%	1.42%
US Treasury Securities
Amortized cost
Amortized cost - Within 1 year	$ 3,846,972	$ 1,225,558
Amortized cost - After 1 to 5 years	11,863,562	10,059,163
Amortized cost - After 5 to 10 years	4,115,435	4,563,265
Amortized Cost	19,825,969	15,847,986
Gross unrealized gains
Gross unrealized gain - Within 1 year	862	13,556
Gross unrealized gain - After 1 to 5 years	21	98,808
Gross unrealized gain - After 5 to 10 years	0	739
Gross unrealized gains	883	113,103
Gross unrealized loss
Gross unrealized losses - Within 1 year	14,196	69
Gross unrealized losses - After 1 to 5 years	593,726	65,186
Gross unrealized losses - After 5 to 10 years	378,448	36,804
Gross unrealized losses	986,370	102,059
Fair Value
Fair value - Within 1 year	3,833,638	1,239,045
Fair value - After 1 to 5 years	11,269,857	10,092,785
Fair value - After 5 to 10 years	3,736,987	4,527,200
Debt securities available-for-sale	$ 18,840,482	$ 15,859,030
Weighted average yield
Weighted average yield - Within 1 year	1.40%	2.33%
Weighted average yield - After 1 to 5 years	1.28%	1.18%
Weighted average yield - After 5 to 10 years	1.36%	1.22%
Weighted Average Yield	1.32%	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	0	0
Gross unrealized gains	0	0
Gross unrealized loss
Gross unrealized losses - Within 1 year	0	0
Gross unrealized losses	0	0
Fair Value
Fair value - Within 1 year	70	70
Debt securities available-for-sale	$ 70	$ 70
Weighted average yield
Weighted average yield - Within 1 year	5.51%	5.63%
Weighted Average Yield	5.51%	5.63%
Collateralized Mortgage Obligations - Federal agencies
Amortized cost
Amortized cost - After 1 to 5 years	$ 1,725	$ 2,433
Amortized cost - After 5 to 10 years	44,777	43,241
Amortized cost - After 10 years	134,231	172,176
Amortized Cost	180,733	217,850
Gross unrealized gains
Gross unrealized gain - After 1 to 5 years	0	42
Gross unrealized gain - After 5 to 10 years	2	295
Gross unrealized gain - After 10 years	312	3,441
Gross unrealized gains	314	3,778
Gross unrealized loss
Gross unrealized losses - After 1 to 5 years	27	0
Gross unrealized losses - After 5 to 10 years	1,484	6
Gross unrealized losses - After 10 years	6,752	357
Gross unrealized losses	8,263	363
Fair Value
Fair value - After 1 to 5 years	1,698	2,475
Fair value - After 5 to 10 years	43,295	43,530
Fair value - After 10 years	127,791	175,260
Debt securities available-for-sale	$ 172,784	$ 221,265
Weighted average yield
Weighted average yield - After 1 to 5 years	2.20%	2.16%
Weighted average yield - After 5 to 10 years	1.65%	1.54%
Weighted average yield - After 10 years	2.24%	2.13%
Weighted Average Yield	2.09%	2.01%
Mortgage Backed Securities
Amortized cost
Amortized cost - Within 1 year	$ 3	$ 11
Amortized cost - After 1 to 5 years	59,826	65,749
Amortized cost - After 5 to 10 years	836,020	665,600
Amortized cost - After 10 years	7,297,573	8,263,835
Amortized Cost	8,193,422	8,995,195
Gross unrealized gains
Gross unrealized gain - Within 1 year	0	1
Gross unrealized gain - After 1 to 5 years	150	2,380
Gross unrealized gain - After 5 to 10 years	136	17,998
Gross unrealized gain - After 10 years	4,002	68,128
Gross unrealized gains	4,288	88,507
Gross unrealized loss
Gross unrealized losses - Within 1 year	0	0
Gross unrealized losses - After 1 to 5 years	991	11
Gross unrealized losses - After 5 to 10 years	26,286	5
Gross unrealized losses - After 10 years	918,113	195,910
Gross unrealized losses	945,390	195,926
Fair Value
Fair value - Within 1 year	3	12
Fair value - After 1 to 5 years	58,985	68,118
Fair value - After 5 to 10 years	809,870	683,593
Fair value - After 10 years	6,383,462	8,136,053
Debt securities available-for-sale	$ 7,252,320	$ 8,887,776
Weighted average yield
Weighted average yield - Within 1 year	5.62%	4.79%
Weighted average yield - After 1 to 5 years	2.21%	2.23%
Weighted average yield - After 5 to 10 years	2.09%	1.97%
Weighted average yield - After 10 years	1.60%	1.67%
Weighted Average Yield	1.66%	1.69%
Other
Amortized cost
Amortized cost - After 1 to 5 years	$ 595	$ 123
Amortized Cost	595	123
Gross unrealized gains
Gross unrealized gain - After 1 to 5 years	0	5
Gross unrealized gains	0	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	595	128
Debt securities available-for-sale	$ 595	$ 128
Weighted average yield
Weighted average yield - After 1 to 5 years	3.10%	3.62%
Weighted Average Yield	3.10%	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	Jun. 30, 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	$ 20.7	$ 22
Financial Instruments served as collateral to secure debt obligations	$ 19.5	$ 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	Jun. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale
Less than 12 months Fair Value	$ 18,572,166	$ 15,393,537
Less than 12 months Gross Unrealized Losses	1,172,209	273,007
12 months or more Fair Value	4,842,396	596,135
12 months or more Gross Unrealized Losses	767,814	25,341
Total Fair Value	23,414,562	15,989,672
Total Gross Unrealized Losses	1,940,023	298,348
US Treasury Securities
Debt Securities, Available-for-sale
Less than 12 months Fair Value	15,450,643	9,590,448
Less than 12 months Gross Unrealized Losses	945,084	102,059
12 months or more Fair Value	664,811	0
12 months or more Gross Unrealized Losses	41,286	0
Total Fair Value	16,115,454	9,590,448
Total Gross Unrealized Losses	986,370	102,059
Collateralized Mortgage Obligations - Federal agencies
Debt Securities, Available-for-sale
Less than 12 months Fair Value	148,922	35,533
Less than 12 months Gross Unrealized Losses	8,166	334
12 months or more Fair Value	852	1,084
12 months or more Gross Unrealized Losses	97	29
Total Fair Value	149,774	36,617
Total Gross Unrealized Losses	8,263	363
Mortgage Backed Securities
Debt Securities, Available-for-sale
Less than 12 months Fair Value	2,972,601	5,767,556
Less than 12 months Gross Unrealized Losses	218,959	170,614
12 months or more Fair Value	4,176,733	595,051
12 months or more Gross Unrealized Losses	726,431	25,312
Total Fair Value	7,149,334	6,362,607
Total Gross Unrealized Losses	$ 945,390	$ 195,926

Debt Securities Available for_4

Debt Securities Available for Sale - Debt securities available- for-sale - Additional Information (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Debt Securities, Available-for-sale
Proceeds from sale of debt securities available-for-sale	$ 0	$ 0
Gross unrealized losses	$ 1,940,023,000		$ 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	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Amortized cost
Amortized cost	$ 1,664,015		$ 79,461
Allowance for credit losses
Allowance for credit losses	7,495		8,096
Net of Allowance
Net of Allowance	1,656,520		71,365
Gross unrecognized gains
Gross Unrealized Gains	6,080		12,003
Gross unrealized losses
Gross Unrealized Losses	13,039		0
Fair Value
Fair value	$ 1,649,561		$ 83,368
Weighted Average Yield
Weighted Average Yield	2.68%		3.06%
US Treasury Securities
Amortized cost
Amortized cost - Within 1 year	$ 98,743
Amortized cost - After 1 to 5 years	1,490,003
Amortized cost	1,588,746
Allowance for credit losses
Allowance for credit losses - Within 1 Year	0
Allowance for credit losses - After 1 to 5 years	0
Allowance for credit losses	0
Net of Allowance
Net of Allowance - Within 1 Year	98,743
Net of Allowance - After 1 to 5 Years	1,490,003
Net of Allowance	1,588,746
Gross unrecognized gains
Gross unrealized gains - Within 1 year	116
Gross unrealized gains - After 1 to 5 years	0
Gross Unrealized Gains	116
Gross unrealized losses
Gross unrealized losses - Within 1 year	0
Gross unrealized losses - After 1 to 5 years	11,276
Gross Unrealized Losses	11,276
Fair Value
Fair Value - within 1 year	98,859
Fair Value - After 1 to 5 years	1,478,727
Fair value	$ 1,577,586
Weighted Average Yield
Weighted average yield - Within 1 Year	3.03%
Weighted average yield - After 1 to 5 years	2.64%
Weighted Average Yield	2.67%
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	42,270		43,561
Amortized cost	69,285		73,476
Allowance for credit losses
Allowance for credit losses - Within 1 Year	7		7
Allowance for credit losses - After 1 to 5 years	168		148
Allowance for credit losses - After 5 to 10 years	110		122
Allowance for credit losses - After 10 years	7,210		7,819
Allowance for credit losses	7,495	$ 7,844	8,096	$ 10,214	$ 10,096	$ 10,261
Net of Allowance
Net of Allowance - Within 1 Year	4,433		4,233
Net of Allowance - After 1 to 5 Years	12,877		14,247
Net of Allowance - After 5 to 10 Years	9,420		11,158
Net of Allowance - After 10 Years	35,060		35,742
Net of Allowance	61,790		65,380
Gross unrecognized gains
Gross unrealized gains - Within 1 year	7		4
Gross unrealized gains - After 1 to 5 years	168		149
Gross unrealized gains - After 5 to 10 years	27		104
Gross unrealized gains - After 10 years	5,762		11,746
Gross Unrealized Gains	5,964		12,003
Gross unrealized losses
Gross unrealized losses - Within 1 year	1		0
Gross unrealized losses - After 1 to 5 years	0		0
Gross unrealized losses - After 5 to 10 years	112		0
Gross unrealized losses - After 10 years	1,650		0
Gross Unrealized Losses	1,763		0
Fair Value
Fair Value - within 1 year	4,439		4,237
Fair Value - After 1 to 5 years	13,045		14,396
Fair Value - After 5 to 10 years	9,335		11,262
Fair Value - After 10 years	39,172		47,488
Fair value	$ 65,991		$ 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	1.46%		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	0		0
Gross Unrealized Gains	0		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	24		25
Fair value	$ 24		$ 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	Jun. 30, 2022	Dec. 31, 2021
Debt securities held to maturity credit quality indicator
Held to maturity securities	$ 1,664,015	$ 79,461
Obligations of Puerto Rico, States and political subdivisions
Debt securities held to maturity credit quality indicator
Held to maturity securities	69,285	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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Debt securities held to maturity allowance for credit loss
Beginning balance			$ 8,096
Ending balance	$ 7,495		7,495
Obligations of Puerto Rico, States and political subdivisions
Debt securities held to maturity allowance for credit loss
Beginning balance	7,844	$ 10,096	8,096	$ 10,261
Provision for credit losses (benefit)	(349)	118	(601)	(47)
Securities charged-off	0	0	0	0
Recoveries	0	0	0	0
Ending balance	$ 7,495	$ 10,214	$ 7,495	$ 10,214

Debt Securities Held-to-matur_6

Debt Securities Held-to-maturity -Additional Information (Details)	Jun. 30, 2022 USD ($) score	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($) score	Jun. 30, 2021 USD ($)	Mar. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Debt Securities, Held-to-maturity
Held to maturity securities	$ 1,664,015,000		$ 79,461,000
Allowance for credit losses	7,495,000		8,096,000
Obligations of Puerto Rico, States and political subdivisions
Debt Securities, Held-to-maturity
Held to maturity securities	69,285,000		73,476,000
Allowance for credit losses	$ 7,495,000	$ 7,844,000	$ 8,096,000	$ 10,214,000	$ 10,096,000	$ 10,261,000
Average Credit Score Fico | score	707		704
Percentage of nominal value	64%		64%
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	42,000,000		43,000,000
Allowance for credit losses	7,200,000		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	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	$ 30,370,936	$ 29,240,557
Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	318,899	344,648
Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	126,999	117,801
Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	885,222	1,028,644
Non-accrual loans	477,924	547,877
Accruing loans past-due 90 days or more	407,298	480,767
Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,331,120	1,491,093
Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	29,039,816	27,749,464
Construction
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	790,920	716,220
Construction | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	498	0
Construction | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	7,000	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	7,498	485
Construction | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	783,422	715,735
Mortgages
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	7,261,955	7,427,196
Mortgages | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	213,044	229,541
Mortgages | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	86,485	84,327
Mortgages | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	701,949	827,214
Non-accrual loans	304,862	355,856
Accruing loans past-due 90 days or more	397,087	471,358
Mortgages | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,001,478	1,141,082
Mortgages | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,260,477	6,286,114
Commercial | Commercial multi-family
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,132,373	1,962,630
Commercial | Commercial multi-family | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,992	4,140
Commercial | Commercial multi-family | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	187	0
Commercial | Commercial multi-family | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	534	272
Non-accrual loans	534	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	2,713	4,412
Commercial | Commercial multi-family | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,129,660	1,958,218
Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,120,341	4,613,390
Commercial | CRE non-owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,667	8,120
Commercial | CRE non-owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	110	819
Commercial | CRE non-owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	20,435	21,338
Non-accrual loans	20,435	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	22,212	30,277
Commercial | CRE non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,098,129	4,583,113
Commercial | CRE owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,873,561	1,818,102
Commercial | CRE owner occupied | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,038	4,424
Commercial | CRE owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,860	278
Commercial | CRE owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	33,571	55,348
Non-accrual loans	33,571	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	41,469	60,050
Commercial | CRE owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,832,092	1,758,052
Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,419,026	5,338,579
Commercial | Commercial and Industrial | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	11,812	12,848
Commercial | Commercial and Industrial | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,563	4,407
Commercial | Commercial and Industrial | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	50,502	49,257
Non-accrual loans	49,399	48,621
Accruing loans past-due 90 days or more	1,103	636
Commercial | Commercial and Industrial | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	65,877	66,512
Commercial | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,353,149	5,272,067
Leasing
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,480,222	1,381,319
Leasing | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	9,970	9,240
Leasing | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,164	2,037
Leasing | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,665	3,102
Non-accrual loans	4,665	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	16,799	14,379
Leasing | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,463,423	1,366,940
Consumer | Credit card
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	966,746	919,861
Consumer | Credit card | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,785	5,768
Consumer | Credit card | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,142	3,520
Consumer | Credit card | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,896	8,577
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	8,896	8,577
Consumer | Credit card | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	18,823	17,865
Consumer | Credit card | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	947,923	901,996
Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	74,577	78,862
Consumer | Home equity lines of credit | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	303	117
Consumer | Home equity lines of credit | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	16	34
Consumer | Home equity lines of credit | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,705	5,429
Non-accrual loans	4,705	5,406
Accruing loans past-due 90 days or more	0	23
Consumer | Home equity lines of credit | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,024	5,580
Consumer | Home equity lines of credit | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	69,553	73,282
Consumer | Personal loans
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,622,413	1,443,005
Consumer | Personal loans | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	11,971	10,890
Consumer | Personal loans | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,513	6,646
Consumer | Personal loans | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	19,794	21,916
Non-accrual loans	19,794	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	38,278	39,452
Consumer | Personal loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,584,135	1,403,553
Consumer | Auto Loan
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,489,976	3,412,187
Consumer | Auto Loan | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	56,577	59,128
Consumer | Auto Loan | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	13,815	15,019
Consumer | Auto Loan | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	28,045	23,085
Non-accrual loans	28,045	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	98,437	97,232
Consumer | Auto Loan | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,391,539	3,314,955
Consumer | Other
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	138,826	129,206
Consumer | Other | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	242	432
Consumer | Other | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	144	714
Consumer | Other | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,126	12,621
Non-accrual loans	11,914	12,448
Accruing loans past-due 90 days or more	212	173
Consumer | Other | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,512	13,767
Consumer | Other | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	126,314	115,439
Puerto Rico
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	21,481,657	20,865,382
Puerto Rico | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	306,570	311,951
Puerto Rico | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	113,689	111,257
Puerto Rico | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	851,553	994,938
Non-accrual loans	444,831	514,289
Accruing loans past-due 90 days or more	406,722	480,649
Puerto Rico | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,271,812	1,418,146
Puerto Rico | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	20,209,845	19,447,236
Puerto Rico | Construction
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	162,362	87,111
Puerto Rico | Construction | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	498	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	498	485
Puerto Rico | Construction | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	161,864	86,626
Puerto Rico | Mortgages
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,041,923	6,251,866
Puerto Rico | Mortgages | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	211,483	217,830
Puerto Rico | Mortgages | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	82,898	81,754
Puerto Rico | Mortgages | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	681,757	805,245
Non-accrual loans	284,670	333,887
Accruing loans past-due 90 days or more	397,087	471,358
Puerto Rico | Mortgages | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	976,138	1,104,829
Puerto Rico | Mortgages | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,065,785	5,147,037
Puerto Rico | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	236,554	154,769
Puerto Rico | Commercial | Commercial multi-family | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,992	314
Puerto Rico | Commercial | Commercial multi-family | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	0
Puerto Rico | Commercial | Commercial multi-family | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	254	272
Non-accrual loans	254	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	2,246	586
Puerto Rico | Commercial | Commercial multi-family | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	234,308	154,183
Puerto Rico | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,652,118	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	1,379	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	110	136
Puerto Rico | Commercial | CRE non-owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	20,435	20,716
Non-accrual loans	20,435	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	21,924	23,251
Puerto Rico | Commercial | CRE non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,630,194	2,266,672
Puerto Rico | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,406,749	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	4,894	3,329
Puerto Rico | Commercial | CRE owner occupied | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,860	278
Puerto Rico | Commercial | CRE owner occupied | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	32,155	54,335
Non-accrual loans	32,155	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	39,909	57,942
Puerto Rico | Commercial | CRE owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,366,840	1,365,787
Puerto Rico | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,520,683	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	2,534	3,438
Puerto Rico | Commercial | Commercial and Industrial | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,526	1,727
Puerto Rico | Commercial | Commercial and Industrial | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	44,176	45,242
Non-accrual loans	43,649	44,724
Accruing loans past-due 90 days or more	527	518
Puerto Rico | Commercial | Commercial and Industrial | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	48,236	50,407
Puerto Rico | Commercial | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,472,447	3,478,041
Puerto Rico | Leasing
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,480,222	1,381,319
Puerto Rico | Leasing | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	9,970	9,240
Puerto Rico | Leasing | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	2,164	2,037
Puerto Rico | Leasing | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,665	3,102
Non-accrual loans	4,665	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	16,799	14,379
Puerto Rico | Leasing | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,463,423	1,366,940
Puerto Rico | Consumer | Credit card
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	966,699	919,851
Puerto Rico | Consumer | Credit card | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,785	5,768
Puerto Rico | Consumer | Credit card | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	4,142	3,520
Puerto Rico | Consumer | Credit card | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,896	8,577
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	8,896	8,577
Puerto Rico | Consumer | Credit card | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	18,823	17,865
Puerto Rico | Consumer | Credit card | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	947,876	901,986
Puerto Rico | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,122	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	0	23
Non-accrual loans	0	0
Accruing loans past-due 90 days or more	0	23
Puerto Rico | Consumer | Home equity lines of credit | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	0	69
Puerto Rico | Consumer | Home equity lines of credit | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,122	3,502
Puerto Rico | Consumer | Personal loans
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,388,100	1,288,060
Puerto Rico | Consumer | Personal loans | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	11,216	10,027
Puerto Rico | Consumer | Personal loans | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	6,043	6,072
Puerto Rico | Consumer | Personal loans | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	19,045	21,235
Non-accrual loans	19,045	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	36,304	37,334
Puerto Rico | Consumer | Personal loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,351,796	1,250,726
Puerto Rico | Consumer | Auto Loan
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,489,976	3,412,187
Puerto Rico | Consumer | Auto Loan | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	56,577	59,128
Puerto Rico | Consumer | Auto Loan | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	13,815	15,019
Puerto Rico | Consumer | Auto Loan | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	28,045	23,085
Non-accrual loans	28,045	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	98,437	97,232
Puerto Rico | Consumer | Auto Loan | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,391,539	3,314,955
Puerto Rico | Consumer | Other
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	133,149	124,548
Puerto Rico | Consumer | Other | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	242	432
Puerto Rico | Consumer | Other | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	131	714
Puerto Rico | Consumer | Other | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,125	12,621
Non-accrual loans	11,913	12,448
Accruing loans past-due 90 days or more	212	173
Puerto Rico | Consumer | Other | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,498	13,767
Puerto Rico | Consumer | Other | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	120,651	110,781
Popular U.S.
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,889,279	8,375,175
Popular U.S. | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	12,329	32,697
Popular U.S. | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	13,310	6,544
Popular U.S. | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	33,669	33,706
Non-accrual loans	33,093	33,588
Accruing loans past-due 90 days or more	576	118
Popular U.S. | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	59,308	72,947
Popular U.S. | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	8,829,971	8,302,228
Popular U.S. | Construction
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	628,558	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	7,000	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	7,000	0
Popular U.S. | Construction | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	621,558	629,109
Popular U.S. | Mortgages
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,220,032	1,175,330
Popular U.S. | Mortgages | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,561	11,711
Popular U.S. | Mortgages | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	3,587	2,573
Popular U.S. | Mortgages | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	20,192	21,969
Non-accrual loans	20,192	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	25,340	36,253
Popular U.S. | Mortgages | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,194,692	1,139,077
Popular U.S. | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,895,819	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	187	0
Popular U.S. | Commercial | Commercial multi-family | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	280	0
Non-accrual loans	280	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	467	3,826
Popular U.S. | Commercial | Commercial multi-family | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,895,352	1,804,035
Popular U.S. | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,468,223	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	288	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	0	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	0	622
Non-accrual loans	0	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	288	7,026
Popular U.S. | Commercial | CRE non-owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,467,935	2,316,441
Popular U.S. | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,466,812	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	144	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	1,416	1,013
Non-accrual loans	1,416	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	1,560	2,108
Popular U.S. | Commercial | CRE owner occupied | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,465,252	392,265
Popular U.S. | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,898,343	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	9,278	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	2,037	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	6,326	4,015
Non-accrual loans	5,750	3,897
Accruing loans past-due 90 days or more	576	118
Popular U.S. | Commercial | Commercial and Industrial | Past due
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	17,641	16,105
Popular U.S. | Commercial | Commercial and Industrial | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	1,880,702	1,794,026
Popular U.S. | Consumer | Credit card
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	47	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	47	10
Popular U.S. | Consumer | Home equity lines of credit
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	71,455	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	303	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	16	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	4,705	5,406
Non-accrual loans	4,705	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	5,024	5,511
Popular U.S. | Consumer | Home equity lines of credit | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	66,431	69,780
Popular U.S. | Consumer | Personal loans
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	234,313	154,945
Popular U.S. | Consumer | Personal loans | Past Due 30 To 59 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	755	863
Popular U.S. | Consumer | Personal loans | Past Due 60 To 89 Days
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	470	574
Popular U.S. | Consumer | Personal loans | Past due 90 days or more
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	749	681
Non-accrual loans	749	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	1,974	2,118
Popular U.S. | Consumer | Personal loans | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	232,339	152,827
Popular U.S. | Consumer | Other
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	5,677	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	13	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	14	0
Popular U.S. | Consumer | Other | Current
Financing Receivable, Recorded Investment, Past Due
Loans held in portfolio	$ 5,663	$ 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	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable
Unearned Income	$ 272,507		$ 265,668
Loans held-for-sale, at lower of cost or fair value	28,546		59,168
Loans pledged as collateral	6,800,000		6,600,000
Loans-held-in portfolio served as collateral to secure credit facilities authorized with the FHLB	3,100,000		3,200,000
Notes Receivable Gross	30,370,936		29,240,557
FRB Advances
Accounts, Notes, Loans and Financing Receivable
Loans served as collateral to secure debt obligations	1,800,000		1,700,000
Public Funds
Accounts, Notes, Loans and Financing Receivable
Loans served as collateral to secure debt obligations	1,900,000		1,700,000
Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	29,039,816		27,749,464
Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,331,120		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	407,298		480,767
Notes Receivable Gross	885,222		1,028,644
GNMA
Accounts, Notes, Loans and Financing Receivable
Repurchased loans	35,000	$ 65,000
Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	7,261,955		7,427,196
Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,260,477		6,286,114
Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,001,478		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	397,087		471,358
Notes Receivable Gross	701,949		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	11,000		13,000
Reverse Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	43,000		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	$ 237,000		$ 304,000

Loans - Amortized cost basis an

Loans - Amortized cost basis and interest income recognized on non-accrual loans (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing receivable nonaccrual status
Non-accrual with no allowance	$ 203,069	$ 236,858
Non-accrual with allowance	274,855	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	146,342	169,856
Non-accrual with allowance	158,520	186,000
Commercial | Commercial multi-family
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	534	272
Commercial | CRE non-owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	15,463	15,819
Non-accrual with allowance	4,972	5,519
Commercial | CRE owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	9,528	13,491
Non-accrual with allowance	24,043	41,857
Commercial | Commercial and Industrial
Financing receivable nonaccrual status
Non-accrual with no allowance	24,748	30,177
Non-accrual with allowance	24,651	18,444
Leasing
Financing receivable nonaccrual status
Non-accrual with no allowance	354	276
Non-accrual with allowance	4,311	2,826
Consumer | Home equity lines of credit
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	4,705	5,406
Consumer | Personal loans
Financing receivable nonaccrual status
Non-accrual with no allowance	5,330	6,360
Non-accrual with allowance	14,464	15,556
Consumer | Auto Loan
Financing receivable nonaccrual status
Non-accrual with no allowance	1,041	879
Non-accrual with allowance	27,004	22,206
Consumer | Other
Financing receivable nonaccrual status
Non-accrual with no allowance	263	0
Non-accrual with allowance	11,651	12,448
Puerto Rico
Financing receivable nonaccrual status
Non-accrual with no allowance	203,049	236,748
Non-accrual with allowance	241,782	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	146,322	169,827
Non-accrual with allowance	138,348	164,060
Puerto Rico | Commercial | Commercial multi-family
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	254	272
Puerto Rico | Commercial | CRE non-owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	15,463	15,819
Non-accrual with allowance	4,972	4,897
Puerto Rico | Commercial | CRE owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	9,528	13,491
Non-accrual with allowance	22,627	40,844
Puerto Rico | Commercial | Commercial and Industrial
Financing receivable nonaccrual status
Non-accrual with no allowance	24,748	30,177
Non-accrual with allowance	18,901	14,547
Puerto Rico | Leasing
Financing receivable nonaccrual status
Non-accrual with no allowance	354	276
Non-accrual with allowance	4,311	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	5,330	6,279
Non-accrual with allowance	13,715	14,956
Puerto Rico | Consumer | Auto Loan
Financing receivable nonaccrual status
Non-accrual with no allowance	1,041	879
Non-accrual with allowance	27,004	22,206
Puerto Rico | Consumer | Other
Financing receivable nonaccrual status
Non-accrual with no allowance	263	0
Non-accrual with allowance	11,650	12,448
Popular U.S.
Financing receivable nonaccrual status
Non-accrual with no allowance	20	110
Non-accrual with allowance	33,073	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	20	29
Non-accrual with allowance	20,172	21,940
Popular U.S. | Commercial | Commercial multi-family
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	280	0
Popular U.S. | Commercial | CRE non-owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	0	622
Popular U.S. | Commercial | CRE owner occupied
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	1,416	1,013
Popular U.S. | Commercial | Commercial and Industrial
Financing receivable nonaccrual status
Non-accrual with no allowance	0	0
Non-accrual with allowance	5,750	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	4,705	5,406
Popular U.S. | Consumer | Personal loans
Financing receivable nonaccrual status
Non-accrual with no allowance	0	81
Non-accrual with allowance	749	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	Jun. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	$ 30,370,936	$ 29,240,557
Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	455,900	497,988
Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	406,001	449,183
Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	9,431	9,557
Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	555	680
Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,164	10,675
Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	29,749	27,893
Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	7,261,955	7,427,196
Mortgages | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	160,214	180,700
Mortgages | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	160,214	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	2,132,373	1,962,630
Commercial | Commercial multi-family | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,355	1,374
Commercial | Commercial multi-family | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,355	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	4,120,341	4,613,390
Commercial | CRE non-owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	212,029	211,026
Commercial | CRE non-owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	212,029	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	2,873,561	1,818,102
Commercial | CRE owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	24,864	47,268
Commercial | CRE owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	24,864	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	5,419,026	5,338,579
Commercial | Commercial and Industrial | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	41,624	41,898
Commercial | Commercial and Industrial | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,425	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	549	680
Commercial | Commercial and Industrial | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,164	10,675
Commercial | Commercial and Industrial | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	29,486	27,893
Consumer | Personal loans
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,622,413	1,443,005
Consumer | Personal loans | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,114	6,165
Consumer | Personal loans | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,114	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	3,489,976	3,412,187
Consumer | Auto Loan | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	8,539	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	8,539	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	138,826	129,206
Leasing
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,480,222	1,381,319
Leasing | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	898	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	892	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	21,481,657	20,865,382
Puerto Rico | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	454,979	497,062
Puerto Rico | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	405,080	448,257
Puerto Rico | Auto
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	9,431	9,557
Puerto Rico | Equipment
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	555	680
Puerto Rico | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,164	10,675
Puerto Rico | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	29,749	27,893
Puerto Rico | Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,041,923	6,251,866
Puerto Rico | Mortgages | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	159,293	179,774
Puerto Rico | Mortgages | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	159,293	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	236,554	154,769
Puerto Rico | Commercial | Commercial multi-family | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,355	1,374
Puerto Rico | Commercial | Commercial multi-family | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,355	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	2,652,118	2,289,923
Puerto Rico | Commercial | CRE non-owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	212,029	211,026
Puerto Rico | Commercial | CRE non-owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	212,029	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	1,406,749	1,423,729
Puerto Rico | Commercial | CRE owner occupied | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	24,864	47,268
Puerto Rico | Commercial | CRE owner occupied | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	24,864	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	3,520,683	3,528,448
Puerto Rico | Commercial | Commercial and Industrial | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	41,624	41,898
Puerto Rico | Commercial | Commercial and Industrial | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,425	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	549	680
Puerto Rico | Commercial | Commercial and Industrial | Accounts receivable
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	10,164	10,675
Puerto Rico | Commercial | Commercial and Industrial | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	29,486	27,893
Puerto Rico | Consumer | Personal loans
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,388,100	1,288,060
Puerto Rico | Consumer | Personal loans | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,114	6,165
Puerto Rico | Consumer | Personal loans | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	6,114	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	3,489,976	3,412,187
Puerto Rico | Consumer | Auto Loan | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	8,539	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	8,539	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	133,149	124,548
Puerto Rico | Leasing
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,480,222	1,381,319
Puerto Rico | Leasing | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	898	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	892	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	8,889,279	8,375,175
Popular U.S. | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	921	926
Popular U.S. | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	921	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. | Mortgages
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,220,032	1,175,330
Popular U.S. | Mortgages | Collateral assets
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	921	926
Popular U.S. | Mortgages | Real Estate
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	921	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	1,895,819	1,807,861
Popular U.S. | Commercial | CRE non-owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,468,223	2,323,467
Popular U.S. | Commercial | CRE owner occupied
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,466,812	394,373
Popular U.S. | Commercial | Commercial and Industrial
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	1,898,343	1,810,131
Popular U.S. | Consumer | Personal loans
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	234,313	154,945
Popular U.S. | Consumer | Other
Accounts, Notes, Loans and Financing Receivable
Notes Receivable Gross	$ 5,677	$ 4,658

Loans - Purchased Credit Deteri

Loans - Purchased Credit Deteriorated Loans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Purchased Financial Assets With Credit Deterioration [Abstract]
Purchase price of loans at acquisition	$ 591	$ 4,049	$ 2,593	$ 8,984
Allowance for credit losses at acquisition	170	1,202	782	2,558
Non-credit discount/(premium) at acquisition	26	214	125	335
Par value of acquired loans at acquisition	$ 787	$ 5,465	$ 3,500	$ 11,877

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable
Interest income recognized			$ 3,000	$ 4,000
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds	$ 118,256	$ 195,665	263,367	386,742
Loans held in portfolio, net of unearned income	30,370,936		30,370,936		$ 29,240,557
Non-accrual with no allowance	203,069		203,069		236,858
Troubled debt restructurings	1,649,158		1,649,158		1,656,822
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	116,296	192,785	258,998	381,053
Accruing
Accounts, Notes, Loans and Financing Receivable
Troubled debt restructurings	1,486,072		1,486,072		1,468,966
Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	455,900		455,900		497,988
Non-accrual with no allowance	203,000		203,000		237,000
Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	1,331,120		1,331,120		1,491,093
Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	407,298		407,298		480,767
Loans held in portfolio, net of unearned income	885,222		885,222		1,028,644
Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	29,039,816		29,039,816		27,749,464
GNMA
Accounts, Notes, Loans and Financing Receivable
Repurchased loans			35,000	65,000
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	77,269	106,729	155,163	208,717
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	37,640	72,555	95,330	158,835
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	1,387	13,501	8,505	13,501
Consumer loans
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	123,000		214,000
Residential Mortgage
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	71,000	94,000	153,000	220,000
Mortgage Loans Sold	14,000	19,000	33,000	85,000
Commercial Loans
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	23,000	28,000	23,000	49,000
Purchased credit deterioration loan
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	1,000	5,000	4,000	12,000
Mortgages
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	7,261,955		7,261,955		7,427,196
Non-accrual with no allowance	146,342		146,342		169,856
Troubled debt restructurings	1,253,778		1,253,778		1,255,713
Mortgages | Accruing
Accounts, Notes, Loans and Financing Receivable
Troubled debt restructurings	1,160,469		1,160,469		1,143,204
Mortgages | Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	160,214		160,214		180,700
Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	1,001,478		1,001,478		1,141,082
Mortgages | Past due 90 days or more
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	397,087		397,087		471,358
Loans held in portfolio, net of unearned income	701,949		701,949		827,214
Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	6,260,477		6,260,477		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		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		400,000		500,000
Mortgages | Guaranteed by us sponsored entities | Accruing
Accounts, Notes, Loans and Financing Receivable
Troubled debt restructurings	724,000		724,000		716,000
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	11,000		11,000		13,000
Commercial Loans
Accounts, Notes, Loans and Financing Receivable
Purchase of Loans	23,000
Loans Sold	43,000	$ 2,000	43,000	$ 9,000
Reverse Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	43,000		43,000		50,000
Residential mortgage loans insured By FHA
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	237,000		237,000		304,000
Puerto Rico
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	21,481,657		21,481,657		20,865,382
Non-accrual with no allowance	203,049		203,049		236,748
Puerto Rico | Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	454,979		454,979		497,062
Puerto Rico | Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	1,271,812		1,271,812		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	406,722		406,722		480,649
Loans held in portfolio, net of unearned income	851,553		851,553		994,938
Puerto Rico | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	20,209,845		20,209,845		19,447,236
Puerto Rico | Mortgages
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	6,041,923		6,041,923		6,251,866
Non-accrual with no allowance	146,322		146,322		169,827
Puerto Rico | Mortgages | Collateral Pledged
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	159,293		159,293		179,774
Puerto Rico | Mortgages | Past due
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	976,138		976,138		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	397,087		397,087		471,358
Loans held in portfolio, net of unearned income	681,757		681,757		805,245
Puerto Rico | Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	5,065,785		5,065,785		5,147,037
Puerto Rico | Reverse Mortgages | Current
Accounts, Notes, Loans and Financing Receivable
Loans held in portfolio, net of unearned income	43,000		43,000		50,000
Puerto Rico | Residential mortgage loans insured By FHA
Accounts, Notes, Loans and Financing Receivable
Accruing loans past-due 90 days or more	$ 237,000		$ 237,000		$ 304,000

Allowance for credit losses - A

Allowance for credit losses - Allowance Movement (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable, Allowance for Credit Losses
Beginning balance	$ 677,792	$ 800,797	$ 695,366	$ 896,250
Provision for credit losses (benefit)	9,861	(17,500)	(4,544)	(93,279)
Initial allowance for credit losses - PCD Loans	170	1,202	782	2,558
Charge-offs	(27,757)	(29,170)	(53,509)	(77,780)
Recoveries	21,684	30,461	43,655	58,041
Ending balance	681,750	785,790	681,750	785,790
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	7,054	9,569	7,897	15,851
Provision for credit losses (benefit)	(150)	367	(993)	(5,915)
Balance at end of period	6,904	9,936	6,904	9,936
Construction
Financing Receivable, Allowance for Credit Losses
Beginning balance	6,539	9,195	6,363	14,237
Provision for credit losses (benefit)	(25)	1,675	(1,393)	2,550
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	0	(523)	0	(7,142)
Recoveries	399	909	1,943	1,611
Ending balance	6,913	11,256	6,913	11,256
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	4,059	4,148	4,725	9,079
Provision for credit losses (benefit)	(564)	929	(1,230)	(4,002)
Balance at end of period	3,495	5,077	3,495	5,077
Mortgages
Financing Receivable, Allowance for Credit Losses
Beginning balance	149,206	202,126	154,478	215,716
Provision for credit losses (benefit)	(5,459)	(20,197)	(14,355)	(26,920)
Initial allowance for credit losses - PCD Loans	170	1,202	782	2,558
Charge-offs	(1,435)	(5,047)	(2,756)	(15,429)
Recoveries	5,823	4,535	10,156	6,694
Ending balance	148,305	182,619	148,305	182,619
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Balance at end of period	0	0	0	0
Commercial
Financing Receivable, Allowance for Credit Losses
Beginning balance	204,643	276,219	215,805	333,380
Provision for credit losses (benefit)	1,712	(15,365)	(14,307)	(73,944)
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	(1,719)	(2,725)	(2,373)	(5,991)
Recoveries	4,994	13,015	10,505	17,699
Ending balance	209,630	271,144	209,630	271,144
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	2,965	5,356	3,135	6,666
Provision for credit losses (benefit)	384	(545)	214	(1,855)
Balance at end of period	3,349	4,811	3,349	4,811
Leasing
Financing Receivable, Allowance for Credit Losses
Beginning balance	18,398	12,687	17,578	16,863
Provision for credit losses (benefit)	1,306	5,257	1,692	1,199
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	(1,496)	(1,135)	(1,903)	(2,193)
Recoveries	829	742	1,670	1,682
Ending balance	19,037	17,551	19,037	17,551
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Balance at end of period	0	0	0	0
Consumer
Financing Receivable, Allowance for Credit Losses
Beginning balance	299,006	300,570	301,142	316,054
Provision for credit losses (benefit)	12,327	11,130	23,819	3,836
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	(23,107)	(19,740)	(46,477)	(47,025)
Recoveries	9,639	11,260	19,381	30,355
Ending balance	297,865	303,220	297,865	303,220
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	30	65	37	106
Provision for credit losses (benefit)	30	(17)	23	(58)
Balance at end of period	60	48	60	48
Puerto Rico
Financing Receivable, Allowance for Credit Losses
Beginning balance	576,611	681,656	594,162	739,750
Provision for credit losses (benefit)	9,128	(22,488)	(3,533)	(62,464)
Initial allowance for credit losses - PCD Loans	170	1,202	782	2,558
Charge-offs	(25,964)	(25,583)	(50,284)	(70,553)
Recoveries	20,632	27,066	39,450	52,562
Ending balance	580,577	661,853	580,577	661,853
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	3,571	4,158	4,139	9,523
Provision for credit losses (benefit)	(5)	499	(573)	(4,866)
Balance at end of period	3,566	4,657	3,566	4,657
Puerto Rico | Construction
Financing Receivable, Allowance for Credit Losses
Beginning balance	2,414	260	1,641	4,871
Provision for credit losses (benefit)	265	481	622	1,787
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	0	0	0	(6,619)
Recoveries	395	479	811	1,181
Ending balance	3,074	1,220	3,074	1,220
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	1,924	245	2,388	4,610
Provision for credit losses (benefit)	(390)	1,160	(854)	(3,205)
Balance at end of period	1,534	1,405	1,534	1,405
Puerto Rico | Mortgages
Financing Receivable, Allowance for Credit Losses
Beginning balance	131,362	185,805	138,286	195,557
Provision for credit losses (benefit)	(5,953)	(19,264)	(16,481)	(22,069)
Initial allowance for credit losses - PCD Loans	170	1,202	782	2,558
Charge-offs	(1,367)	(5,047)	(2,688)	(15,428)
Recoveries	5,818	4,112	10,131	6,190
Ending balance	130,030	166,808	130,030	166,808
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Balance at end of period	0	0	0	0
Puerto Rico | Commercial
Financing Receivable, Allowance for Credit Losses
Beginning balance	145,471	197,111	151,928	225,323
Provision for credit losses (benefit)	4,664	(20,204)	(6,023)	(49,850)
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	(1,322)	(2,035)	(1,849)	(4,918)
Recoveries	4,734	11,912	9,491	16,229
Ending balance	153,547	186,784	153,547	186,784
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	1,647	3,913	1,751	4,913
Provision for credit losses (benefit)	385	(661)	281	(1,661)
Balance at end of period	2,032	3,252	2,032	3,252
Puerto Rico | Leasing
Financing Receivable, Allowance for Credit Losses
Beginning balance	18,398	12,687	17,578	16,863
Provision for credit losses (benefit)	1,306	5,257	1,692	1,199
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	(1,496)	(1,135)	(1,903)	(2,193)
Recoveries	829	742	1,670	1,682
Ending balance	19,037	17,551	19,037	17,551
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Balance at end of period	0	0	0	0
Puerto Rico | Consumer
Financing Receivable, Allowance for Credit Losses
Beginning balance	278,966	285,793	284,729	297,136
Provision for credit losses (benefit)	8,846	11,242	16,657	6,469
Initial allowance for credit losses - PCD Loans	0	0	0	0
Charge-offs	(21,779)	(17,366)	(43,844)	(41,395)
Recoveries	8,856	9,821	17,347	27,280
Ending balance	274,889	289,490	274,889	289,490
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Balance at end of period	0	0	0	0
Popular U.S.
Financing Receivable, Allowance for Credit Losses
Beginning balance	101,181	119,141	101,204	156,500
Provision for credit losses (benefit)	733	4,988	(1,011)	(30,815)
Charge-offs	(1,793)	(3,587)	(3,225)	(7,227)
Recoveries	1,052	3,395	4,205	5,479
Ending balance	101,173	123,937	101,173	123,937
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	3,483	5,411	3,758	6,328
Provision for credit losses (benefit)	(145)	(132)	(420)	(1,049)
Balance at end of period	3,338	5,279	3,338	5,279
Popular U.S. | Construction
Financing Receivable, Allowance for Credit Losses
Beginning balance	4,125	8,935	4,722	9,366
Provision for credit losses (benefit)	(290)	1,194	(2,015)	763
Charge-offs	0	(523)	0	(523)
Recoveries	4	430	1,132	430
Ending balance	3,839	10,036	3,839	10,036
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	2,135	3,903	2,337	4,469
Provision for credit losses (benefit)	(174)	(231)	(376)	(797)
Balance at end of period	1,961	3,672	1,961	3,672
Popular U.S. | Mortgages
Financing Receivable, Allowance for Credit Losses
Beginning balance	17,844	16,321	16,192	20,159
Provision for credit losses (benefit)	494	(933)	2,126	(4,851)
Charge-offs	(68)	0	(68)	(1)
Recoveries	5	423	25	504
Ending balance	18,275	15,811	18,275	15,811
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Balance at end of period	0	0	0	0
Popular U.S. | Commercial
Financing Receivable, Allowance for Credit Losses
Beginning balance	59,172	79,108	63,877	108,057
Provision for credit losses (benefit)	(2,952)	4,839	(8,284)	(24,094)
Charge-offs	(397)	(690)	(524)	(1,073)
Recoveries	260	1,103	1,014	1,470
Ending balance	56,083	84,360	56,083	84,360
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	1,318	1,443	1,384	1,753
Provision for credit losses (benefit)	(1)	116	(67)	(194)
Balance at end of period	1,317	1,559	1,317	1,559
Popular U.S. | Consumer
Financing Receivable, Allowance for Credit Losses
Beginning balance	20,040	14,777	16,413	18,918
Provision for credit losses (benefit)	3,481	(112)	7,162	(2,633)
Charge-offs	(1,328)	(2,374)	(2,633)	(5,630)
Recoveries	783	1,439	2,034	3,075
Ending balance	22,976	13,730	22,976	13,730
Allowance for credit losses - unfunded commitments:
Balance at beginning of period	30	65	37	106
Provision for credit losses (benefit)	30	(17)	23	(58)
Balance at end of period	$ 60	$ 48	$ 60	$ 48

Allowance for credit losses - T

Allowance for credit losses - Troubled debt restructuring according to their accruing status (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable
Troubled debt restructurings	$ 1,649,158	$ 1,656,822
Accruing
Financing Receivable
Troubled debt restructurings	1,486,072	1,468,966
Non-Accruing
Financing Receivable
Troubled debt restructurings	163,086	187,856
Mortgages
Financing Receivable
Troubled debt restructurings	1,253,778	1,255,713
Mortgages | Accruing
Financing Receivable
Troubled debt restructurings	1,160,469	1,143,204
Mortgages | Non-Accruing
Financing Receivable
Troubled debt restructurings	93,309	112,509
Commercial
Financing Receivable
Troubled debt restructurings	328,261	326,088
Commercial | Accruing
Financing Receivable
Troubled debt restructurings	267,762	261,344
Commercial | Non-Accruing
Financing Receivable
Troubled debt restructurings	60,499	64,744
Leasing
Financing Receivable
Troubled debt restructurings	189	372
Leasing | Accruing
Financing Receivable
Troubled debt restructurings	151	325
Leasing | Non-Accruing
Financing Receivable
Troubled debt restructurings	38	47
Consumer
Financing Receivable
Troubled debt restructurings	66,930	74,649
Consumer | Accruing
Financing Receivable
Troubled debt restructurings	57,690	64,093
Consumer | Non-Accruing
Financing Receivable
Troubled debt restructurings	9,240	10,556
TDR
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	99,274	102,790
TDR | Mortgages
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	62,587	61,888
TDR | Commercial
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	22,112	24,736
TDR | Leasing
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	29	42
TDR | Consumer
Financing Receivable
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment	$ 14,546	$ 16,124

Allowance for credit losses -_3

Allowance for credit losses - Troubled debt restructuring according to their accruing status - Subnote (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable
Financing Receivable Modifications Recorded Investment	$ 1,649,158	$ 1,656,822
Accruing
Financing Receivable
Financing Receivable Modifications Recorded Investment	1,486,072	1,468,966
Mortgages
Financing Receivable
Financing Receivable Modifications Recorded Investment	1,253,778	1,255,713
Mortgages | Accruing
Financing Receivable
Financing Receivable Modifications Recorded Investment	1,160,469	1,143,204
Mortgages | Guaranteed by us sponsored entities | Accruing
Financing Receivable
Financing Receivable Modifications Recorded Investment	$ 724,000	$ 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable
Loan count	345	705	765	1,292
Reduction in interest rate
Financing Receivable
Loan count	43	114	86	241
Extension of maturity date
Financing Receivable
Loan count	73	105	134	186
Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	220	463	508	828
Other
Financing Receivable
Loan count	9	23	37	37
Mortgages
Financing Receivable
Loan count	251	511	575	919
Mortgages | Reduction in interest rate
Financing Receivable
Loan count	3	14	4	22
Mortgages | Extension of maturity date
Financing Receivable
Loan count	31	39	65	79
Mortgages | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	217	458	505	818
Mortgages | Other
Financing Receivable
Loan count	0	0	1	0
Commercial | Commercial multi-family
Financing Receivable
Loan count		1		2
Commercial | Commercial multi-family | Reduction in interest rate
Financing Receivable
Loan count		0		0
Commercial | Commercial multi-family | Extension of maturity date
Financing Receivable
Loan count		0		1
Commercial | Commercial multi-family | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count		1		1
Commercial | Commercial multi-family | Other
Financing Receivable
Loan count		0		0
Commercial | CRE non-owner occupied
Financing Receivable
Loan count	2		3	9
Commercial | CRE non-owner occupied | Reduction in interest rate
Financing Receivable
Loan count	0	0	0	0
Commercial | CRE non-owner occupied | Extension of maturity date
Financing Receivable
Loan count	1	0	1	9
Commercial | CRE non-owner occupied | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	0	0	0
Commercial | CRE non-owner occupied | Other
Financing Receivable
Loan count	1	0	2	0
Commercial | CRE owner occupied
Financing Receivable
Loan count	6	9	8	31
Commercial | CRE owner occupied | Reduction in interest rate
Financing Receivable
Loan count	0	1	1	3
Commercial | CRE owner occupied | Extension of maturity date
Financing Receivable
Loan count	5	3	6	23
Commercial | CRE owner occupied | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	1	3	1	3
Commercial | CRE owner occupied | Other
Financing Receivable
Loan count	0	2	0	2
Commercial | Commercial and Industrial
Financing Receivable
Loan count	3	7	20	15
Commercial | Commercial and Industrial | Reduction in interest rate
Financing Receivable
Loan count	2	1	3	1
Commercial | Commercial and Industrial | Extension of maturity date
Financing Receivable
Loan count	0	0	5	8
Commercial | Commercial and Industrial | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	1	0	1	0
Commercial | Commercial and Industrial | Other
Financing Receivable
Loan count	0	6	11	6
Consumer | Credit card
Financing Receivable
Loan count	16	51	46	117
Consumer | Credit card | Reduction in interest rate
Financing Receivable
Loan count	9	37	24	89
Consumer | Credit card | Extension of maturity date
Financing Receivable
Loan count	0	0	0	0
Consumer | Credit card | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	1	0	1
Consumer | Credit card | Other
Financing Receivable
Loan count	7	13	22	27
Consumer | Home equity lines of credit
Financing Receivable
Loan count		1		2
Consumer | Home equity lines of credit | Reduction in interest rate
Financing Receivable
Loan count		0		0
Consumer | Home equity lines of credit | Extension of maturity date
Financing Receivable
Loan count		1		1
Consumer | Home equity lines of credit | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count		0		1
Consumer | Home equity lines of credit | Other
Financing Receivable
Loan count		0		0
Consumer | Personal loans
Financing Receivable
Loan count	66	122	111	186
Consumer | Personal loans | Reduction in interest rate
Financing Receivable
Loan count	29	59	54	120
Consumer | Personal loans | Extension of maturity date
Financing Receivable
Loan count	36	61	56	63
Consumer | Personal loans | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	0	0	1
Consumer | Personal loans | Other
Financing Receivable
Loan count	1	2	1	2
Consumer | Auto Loan
Financing Receivable
Loan count		1	1	4
Consumer | Auto Loan | Reduction in interest rate
Financing Receivable
Loan count	0	0	0	0
Consumer | Auto Loan | Extension of maturity date
Financing Receivable
Loan count	0	1	1	2
Consumer | Auto Loan | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	0	0	0	2
Consumer | Auto Loan | Other
Financing Receivable
Loan count	0	0	0	0
Consumer | Other
Financing Receivable
Loan count		2		6
Consumer | Other | Reduction in interest rate
Financing Receivable
Loan count		2		6
Consumer | Other | Extension of maturity date
Financing Receivable
Loan count		0		0
Consumer | Other | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count		0		0
Consumer | Other | Other
Financing Receivable
Loan count		0		0
Leasing
Financing Receivable
Loan count	1		1	1
Leasing | Reduction in interest rate
Financing Receivable
Loan count	0	0	0	0
Leasing | Extension of maturity date
Financing Receivable
Loan count	0	0	0	0
Leasing | Combination of reduction in interest rate and extension of maturity date
Financing Receivable
Loan count	1	0	1	1
Leasing | Other
Financing Receivable
Loan count	0	0	0	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		6 Months Ended
	Jun. 30, 2022 USD ($) loans	Jun. 30, 2021 USD ($) loans	Jun. 30, 2022 USD ($) loans	Jun. 30, 2021 USD ($) loans
Financing Receivable
Loan count | loans	345	705	765	1,292
Pre-Modification Recorded Investment	$ 43,620	$ 112,278	$ 132,976	$ 195,321
Post Modification Recorded Investment	44,921	114,988	134,824	199,909
Increase (decrease) in the allowance for loan losses as a result of modification	$ (808)	$ 3,115	$ 2,382	$ 5,260
Mortgages
Financing Receivable
Loan count | loans	251	511	575	919
Pre-Modification Recorded Investment	$ 29,907	$ 58,094	$ 64,783	$ 105,748
Post Modification Recorded Investment	31,134	61,522	66,726	111,251
Increase (decrease) in the allowance for loan losses as a result of modification	$ 1,091	$ 2,105	$ 2,111	$ 3,151
Commercial | Commercial multi-family
Financing Receivable
Loan count | loans		1		2
Pre-Modification Recorded Investment		$ 159		$ 246
Post Modification Recorded Investment		125		211
Increase (decrease) in the allowance for loan losses as a result of modification		$ 22		$ 26
Commercial | CRE non-owner occupied
Financing Receivable
Loan count | loans	2		3	9
Pre-Modification Recorded Investment	$ 52		$ 3,452	$ 3,295
Post Modification Recorded Investment	51		3,451	3,281
Increase (decrease) in the allowance for loan losses as a result of modification	$ 5		$ 5	$ 141
Commercial | CRE owner occupied
Financing Receivable
Loan count | loans	6	9	8	31
Pre-Modification Recorded Investment	$ 12,377	$ 51,050	$ 13,106	$ 80,800
Post Modification Recorded Investment	12,369	50,472	13,096	79,956
Increase (decrease) in the allowance for loan losses as a result of modification	$ (2,073)	$ 564	$ (2,073)	$ 1,136
Commercial | Commercial and Industrial
Financing Receivable
Loan count | loans	3	7	20	15
Pre-Modification Recorded Investment	$ 156	$ 491	$ 49,502	$ 713
Post Modification Recorded Investment	153	489	49,308	707
Increase (decrease) in the allowance for loan losses as a result of modification	$ 30	$ 57	$ 2,060	$ 65
Consumer | Credit card
Financing Receivable
Loan count | loans	16	51	46	117
Pre-Modification Recorded Investment	$ 162	$ 730	$ 410	$ 1,554
Post Modification Recorded Investment	172	628	445	1,482
Increase (decrease) in the allowance for loan losses as a result of modification	$ 2	$ 7	$ 7	$ 34
Consumer | Home equity lines of credit
Financing Receivable
Loan count | loans		1		2
Pre-Modification Recorded Investment		$ 113		$ 176
Post Modification Recorded Investment		112		228
Increase (decrease) in the allowance for loan losses as a result of modification		$ 26		$ 54
Consumer | Personal loans
Financing Receivable
Loan count | loans	66	122	111	186
Pre-Modification Recorded Investment	$ 952	$ 1,620	$ 1,681	$ 2,682
Post Modification Recorded Investment	1,030	1,619	1,758	2,681
Increase (decrease) in the allowance for loan losses as a result of modification	$ 135	$ 328	$ 265	$ 632
Consumer | Auto Loan
Financing Receivable
Loan count | loans		1	1	4
Pre-Modification Recorded Investment		$ 16	$ 28	$ 64
Post Modification Recorded Investment		16	28	69
Increase (decrease) in the allowance for loan losses as a result of modification		$ 5	$ 5	$ 15
Consumer | Other
Financing Receivable
Loan count | loans		2		6
Pre-Modification Recorded Investment		$ 5		$ 11
Post Modification Recorded Investment		5		11
Increase (decrease) in the allowance for loan losses as a result of modification		$ 1		$ 2
Leasing
Financing Receivable
Loan count | loans	1		1	1
Pre-Modification Recorded Investment	$ 14		$ 14	$ 32
Post Modification Recorded Investment	12		12	32
Increase (decrease) in the allowance for loan losses as a result of modification	$ 2		$ 2	$ 4

Allowance for credit losses -_5

Allowance for credit losses - T D R that subsequently defaulted (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($) loans	Jun. 30, 2021 USD ($) loans	Jun. 30, 2022 USD ($) loans	Jun. 30, 2021 USD ($) loans
Financing Receivable
Loan count | loans	50	65	79	132
Recorded investment as of first default date | $	$ 6,624	$ 12,285	$ 8,728	$ 18,726
Mortgages
Financing Receivable
Loan count | loans	32	24	38	47
Recorded investment as of first default date | $	$ 3,830	$ 3,279	$ 5,699	$ 5,011
Commercial | CRE non-owner occupied
Financing Receivable
Loan count | loans		4		4
Recorded investment as of first default date | $		$ 8,421		$ 8,421
Commercial | CRE owner occupied
Financing Receivable
Loan count | loans		0		2
Recorded investment as of first default date | $		$ 0		$ 3,754
Commercial | Commercial and Industrial
Financing Receivable
Loan count | loans	3	3	3	5
Recorded investment as of first default date | $	$ 2,496	$ 93	$ 2,496	$ 317
Consumer | Credit card
Financing Receivable
Loan count | loans	8	23	19	60
Recorded investment as of first default date | $	$ 28	$ 280	$ 135	$ 751
Consumer | Personal loans
Financing Receivable
Loan count | loans	7	11	19	14
Recorded investment as of first default date | $	$ 270	$ 212	$ 398	$ 472

Allowance for credit losses - C

Allowance for credit losses - Credit quality indicators (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment
2022 / 2021	$ 3,630,101	$ 6,846,687
2021 / 2020	6,191,400	4,151,913
2020 / 2019	3,786,771	3,156,760
2019 / 2018	2,757,980	2,335,830
2018 / 2017	2,031,413	1,379,915
Prior Years	9,296,678	8,994,389
Revolving Loans Amortized Cost Basis	2,625,014	2,314,896
Revolving Loans Converted to Term Loans Amortized Cost Basis	51,579	60,167
Total	30,370,936	29,240,557
Construction
Financing Receivable, Recorded Investment
2022 / 2021	39,205	152,183
2021 / 2020	191,537	191,967
2020 / 2019	244,506	190,285
2019 / 2018	136,591	57,829
2018 / 2017	39,708	80,936
Prior Years	100,288	20,760
Revolving Loans Amortized Cost Basis	39,085	22,260
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	790,920	716,220
Construction | Watch
Financing Receivable, Recorded Investment
2022 / 2021	7,450	0
2021 / 2020	5,426	14,300
2020 / 2019	22,766	23,547
2019 / 2018	31,439	28,757
2018 / 2017	18,166	34,205
Prior Years	33,444	0
Revolving Loans Amortized Cost Basis	14,119	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	132,810	100,809
Construction | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	1,787	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	15,442	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	15,892	10,231
Prior Years	10,154	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	26,046	26,154
Construction | Pass
Financing Receivable, Recorded Investment
2022 / 2021	29,968	152,183
2021 / 2020	186,111	177,667
2020 / 2019	221,740	166,253
2019 / 2018	105,152	13,634
2018 / 2017	5,650	36,500
Prior Years	43,035	7,138
Revolving Loans Amortized Cost Basis	24,966	22,260
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	616,622	575,635
Mortgages
Financing Receivable, Recorded Investment
2022 / 2021	256,854	790,383
2021 / 2020	776,646	576,284
2020 / 2019	549,632	447,641
2019 / 2018	417,511	333,805
2018 / 2017	312,510	205,885
Prior Years	4,948,802	5,073,198
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	7,261,955	7,427,196
Mortgages | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	689	5,292
2020 / 2019	5,645	9,106
2019 / 2018	8,702	6,580
2018 / 2017	6,402	4,527
Prior Years	117,998	135,370
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	139,436	160,875
Mortgages | Pass
Financing Receivable, Recorded Investment
2022 / 2021	256,854	790,383
2021 / 2020	775,957	570,992
2020 / 2019	543,987	438,535
2019 / 2018	408,809	327,225
2018 / 2017	306,108	201,358
Prior Years	4,830,804	4,937,828
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	7,122,519	7,266,321
Commercial | Commercial multi-family
Financing Receivable, Recorded Investment
2022 / 2021	354,057	456,149
2021 / 2020	441,923	308,193
2020 / 2019	272,061	369,511
2019 / 2018	347,661	233,519
2018 / 2017	219,031	97,289
Prior Years	493,558	493,653
Revolving Loans Amortized Cost Basis	4,082	4,316
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,132,373	1,962,630
Commercial | Commercial multi-family | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	8,600
2021 / 2020	8,526	41,348
2020 / 2019	43,413	56,229
2019 / 2018	48,152	20,682
2018 / 2017	20,473	37,343
Prior Years	68,937	53,238
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	189,501	217,440
Commercial | Commercial multi-family | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	3,752
2020 / 2019	1,213	9,013
2019 / 2018	942	30,244
2018 / 2017	29,452	11,071
Prior Years	25,367	31,322
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	56,974	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	67,875	12,748
2018 / 2017	10,897	0
Prior Years	11,102	24,901
Revolving Loans Amortized Cost Basis	100	100
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	89,974	105,880
Commercial | Commercial multi-family | Pass
Financing Receivable, Recorded Investment
2022 / 2021	354,057	447,549
2021 / 2020	433,397	263,093
2020 / 2019	227,435	236,138
2019 / 2018	230,692	169,845
2018 / 2017	158,209	48,875
Prior Years	388,152	384,192
Revolving Loans Amortized Cost Basis	3,982	4,216
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,795,924	1,553,908
Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	596,399	1,221,538
2021 / 2020	859,962	736,803
2020 / 2019	694,635	353,869
2019 / 2018	273,786	490,076
2018 / 2017	299,982	353,383
Prior Years	1,376,219	1,435,606
Revolving Loans Amortized Cost Basis	19,358	22,115
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	4,120,341	4,613,390
Commercial | CRE non-owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	29,864	113,181
2021 / 2020	92,474	250,961
2020 / 2019	237,487	67,510
2019 / 2018	33,610	193,620
2018 / 2017	131,175	31,010
Prior Years	255,359	359,593
Revolving Loans Amortized Cost Basis	2,187	4,017
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	782,156	1,019,892
Commercial | CRE non-owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	21,448
2021 / 2020	30,152	12,563
2020 / 2019	11,759	10,476
2019 / 2018	11,815	7,025
2018 / 2017	1,797	15,181
Prior Years	44,609	39,625
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	100,132	106,318
Commercial | CRE non-owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	3,423	30,155
2021 / 2020	3,108	28,546
2020 / 2019	28,198	30,605
2019 / 2018	30,525	40,000
2018 / 2017	38,489	14,154
Prior Years	106,995	132,730
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	210,738	276,190
Commercial | CRE non-owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	563,112	1,056,754
2021 / 2020	734,228	444,733
2020 / 2019	417,191	245,278
2019 / 2018	197,836	249,431
2018 / 2017	128,521	293,038
Prior Years	969,256	903,658
Revolving Loans Amortized Cost Basis	17,171	18,098
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,027,315	3,210,990
Commercial | CRE owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	303,611	389,357
2021 / 2020	712,708	255,915
2020 / 2019	306,885	106,487
2019 / 2018	168,138	101,899
2018 / 2017	259,615	67,930
Prior Years	1,094,530	871,975
Revolving Loans Amortized Cost Basis	28,074	24,539
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,873,561	1,818,102
Commercial | CRE owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	2,234	8,393
2021 / 2020	10,958	8,851
2020 / 2019	11,209	16,797
2019 / 2018	10,713	15,108
2018 / 2017	17,829	4,715
Prior Years	142,215	138,848
Revolving Loans Amortized Cost Basis	4,222	4,222
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	199,380	196,934
Commercial | CRE owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	5,573
2021 / 2020	0	857
2020 / 2019	931	7,598
2019 / 2018	7,136	1,427
2018 / 2017	6,535	2,449
Prior Years	94,698	105,272
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	109,300	123,176
Commercial | CRE owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	11,425	6,960
2021 / 2020	4,873	1,028
2020 / 2019	1,306	2,794
2019 / 2018	8,338	38,407
2018 / 2017	37,049	1,869
Prior Years	134,923	134,129
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	197,914	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	603	612
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	603	688
Commercial | CRE owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	289,952	368,431
2021 / 2020	696,877	245,179
2020 / 2019	293,439	79,298
2019 / 2018	141,951	46,957
2018 / 2017	198,202	58,821
Prior Years	722,091	493,114
Revolving Loans Amortized Cost Basis	23,852	20,317
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,366,364	1,312,117
Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment
2022 / 2021	512,874	1,320,064
2021 / 2020	1,092,744	710,527
2020 / 2019	568,420	536,114
2019 / 2018	500,411	453,570
2018 / 2017	383,630	270,369
Prior Years	911,543	841,485
Revolving Loans Amortized Cost Basis	1,449,404	1,206,450
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	5,419,026	5,338,579
Commercial | Commercial and Industrial | Watch
Financing Receivable, Recorded Investment
2022 / 2021	34,385	190,276
2021 / 2020	76,791	17,209
2020 / 2019	12,354	25,828
2019 / 2018	26,357	113,108
2018 / 2017	107,024	14,582
Prior Years	59,389	92,306
Revolving Loans Amortized Cost Basis	93,769	112,108
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	410,069	565,417
Commercial | Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	1,052	9,884
2021 / 2020	3,289	17,139
2020 / 2019	7,166	15,526
2019 / 2018	2,323	28,954
2018 / 2017	25,401	1,071
Prior Years	49,976	28,663
Revolving Loans Amortized Cost Basis	24,943	68,574
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	114,150	169,811
Commercial | Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	20,159	2,727
2021 / 2020	1,599	1,188
2020 / 2019	8,195	7,600
2019 / 2018	7,677	36,321
2018 / 2017	21,594	66,939
Prior Years	48,289	47,058
Revolving Loans Amortized Cost Basis	51,520	38,162
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	159,033	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	83	62
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	83	62
Commercial | Commercial and Industrial | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	262
2021 / 2020	253	58
2020 / 2019	105	108
2019 / 2018	255	17
2018 / 2017	110	51
Prior Years	6	191
Revolving Loans Amortized Cost Basis	7	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	736	687
Commercial | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment
2022 / 2021	457,278	1,116,915
2021 / 2020	1,010,812	674,933
2020 / 2019	540,600	487,052
2019 / 2018	463,799	275,170
2018 / 2017	229,501	187,726
Prior Years	753,800	673,205
Revolving Loans Amortized Cost Basis	1,279,165	987,606
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	4,734,955	4,402,607
Leasing
Financing Receivable, Recorded Investment
2022 / 2021	373,111	613,576
2021 / 2020	491,865	328,703
2020 / 2019	284,100	223,650
2019 / 2018	182,771	133,726
2018 / 2017	105,622	63,510
Prior Years	42,753	18,154
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,480,222	1,381,319
Leasing | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	180	124
2021 / 2020	937	618
2020 / 2019	989	880
2019 / 2018	972	613
2018 / 2017	831	613
Prior Years	665	235
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	4,574	3,083
Leasing | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	26	1
2018 / 2017	0	16
Prior Years	64	2
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	90	19
Leasing | Pass
Financing Receivable, Recorded Investment
2022 / 2021	372,931	613,452
2021 / 2020	490,928	328,085
2020 / 2019	283,111	222,770
2019 / 2018	181,773	133,112
2018 / 2017	104,791	62,881
Prior Years	42,024	17,917
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,475,558	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	966,746	919,861
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	966,746	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	8,879	8,577
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	8,879	8,577
Consumer | Credit card | Loss
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	17
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Total	17
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	957,850	911,284
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	957,850	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	12,509	14,636
Revolving Loans Amortized Cost Basis	43,509	41,838
Revolving Loans Converted to Term Loans Amortized Cost Basis	18,559	22,388
Total	74,577	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	2,653	3,006
Revolving Loans Amortized Cost Basis	0	23
Revolving Loans Converted to Term Loans Amortized Cost Basis	813	935
Total	3,466	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	159	207
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,079	1,258
Total	1,238	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	9,697	11,423
Revolving Loans Amortized Cost Basis	43,509	41,815
Revolving Loans Converted to Term Loans Amortized Cost Basis	16,667	20,195
Total	69,873	73,433
Consumer | Personal loans
Financing Receivable, Recorded Investment
2022 / 2021	529,294	615,670
2021 / 2020	493,250	217,756
2020 / 2019	153,030	273,036
2019 / 2018	188,892	99,698
2018 / 2017	71,172	57,385
Prior Years	153,755	141,555
Revolving Loans Amortized Cost Basis	0	126
Revolving Loans Converted to Term Loans Amortized Cost Basis	33,020	37,779
Total	1,622,413	1,443,005
Consumer | Personal loans | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	118	498
2021 / 2020	1,538	691
2020 / 2019	936	2,355
2019 / 2018	2,179	939
2018 / 2017	880	953
Prior Years	13,362	15,843
Revolving Loans Amortized Cost Basis	0	2
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,188	1,385
Total	20,201	22,666
Consumer | Personal loans | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	30
2021 / 2020	60	2
2020 / 2019	0	7
2019 / 2018	79	0
2018 / 2017	0	0
Prior Years	34	22
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	2	0
Total	175	61
Consumer | Personal loans | Pass
Financing Receivable, Recorded Investment
2022 / 2021	529,176	615,142
2021 / 2020	491,652	217,063
2020 / 2019	152,094	270,674
2019 / 2018	186,634	98,759
2018 / 2017	70,292	56,432
Prior Years	140,359	125,690
Revolving Loans Amortized Cost Basis	0	124
Revolving Loans Converted to Term Loans Amortized Cost Basis	31,830	36,394
Total	1,602,037	1,420,278
Consumer | Auto Loan
Financing Receivable, Recorded Investment
2022 / 2021	646,977	1,262,922
2021 / 2020	1,108,991	815,870
2020 / 2019	706,049	646,798
2019 / 2018	534,764	425,032
2018 / 2017	334,193	179,314
Prior Years	159,002	82,251
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,489,976	3,412,187
Consumer | Auto Loan | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	399	3,080
2021 / 2020	7,125	7,520
2020 / 2019	8,748	9,498
2019 / 2018	8,895	4,739
2018 / 2017	4,727	2,210
Prior Years	3,005	1,422
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	32,899	28,469
Consumer | Auto Loan | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	42
2021 / 2020	0	11
2020 / 2019	28	0
2019 / 2018	91	0
2018 / 2017	0	0
Prior Years	9	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	128	53
Consumer | Auto Loan | Pass
Financing Receivable, Recorded Investment
2022 / 2021	646,578	1,259,800
2021 / 2020	1,101,866	808,339
2020 / 2019	697,273	637,300
2019 / 2018	525,778	420,293
2018 / 2017	329,466	177,104
Prior Years	155,988	80,829
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,456,949	3,383,665
Consumer | Other
Financing Receivable, Recorded Investment
2022 / 2021	17,719	24,845
2021 / 2020	21,774	9,895
2020 / 2019	7,453	9,369
2019 / 2018	7,455	6,676
2018 / 2017	5,950	3,914
Prior Years	3,719	1,116
Revolving Loans Amortized Cost Basis	74,756	73,391
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	138,826	129,206
Consumer | Other | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	114
2020 / 2019	130	21
2019 / 2018	0	487
2018 / 2017	465	0
Prior Years	5	135
Revolving Loans Amortized Cost Basis	11,083	11,250
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	11,683	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	443	0
Prior Years	0	34
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	443	613
Consumer | Other | Pass
Financing Receivable, Recorded Investment
2022 / 2021	17,719	24,845
2021 / 2020	21,774	9,781
2020 / 2019	7,323	9,348
2019 / 2018	7,455	5,610
2018 / 2017	5,042	3,914
Prior Years	3,714	947
Revolving Loans Amortized Cost Basis	63,673	62,141
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	126,700	116,586
Puerto Rico
Financing Receivable, Recorded Investment
2022 / 2021	2,599,333	4,913,112
2021 / 2020	4,294,088	2,647,120
2020 / 2019	2,344,292	1,898,600
2019 / 2018	1,638,385	1,473,547
2018 / 2017	1,231,948	749,926
Prior Years	7,102,296	7,191,955
Revolving Loans Amortized Cost Basis	2,238,295	1,953,343
Revolving Loans Converted to Term Loans Amortized Cost Basis	33,020	37,779
Total	21,481,657	20,865,382
Puerto Rico | Construction
Financing Receivable, Recorded Investment
2022 / 2021	10,826	21,596
2021 / 2020	37,690	41,622
2020 / 2019	73,147	1,633
2019 / 2018	1,614	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	39,085	22,260
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	162,362	87,111
Puerto Rico | Construction | Watch
Financing Receivable, Recorded Investment
2022 / 2021	7,450
2021 / 2020	1,410
2020 / 2019	8,623
2019 / 2018	498
2018 / 2017	0
Prior Years	0
Revolving Loans Amortized Cost Basis	14,119
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Total	32,100
Puerto Rico | Construction | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	1,787
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	1,787
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	1,589	21,596
2021 / 2020	36,280	41,622
2020 / 2019	64,524	1,148
2019 / 2018	1,116	0
2018 / 2017	0	0
Prior Years	0	0
Revolving Loans Amortized Cost Basis	24,966	22,260
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	128,475	86,626
Puerto Rico | Mortgages
Financing Receivable, Recorded Investment
2022 / 2021	136,373	463,742
2021 / 2020	463,908	305,734
2020 / 2019	295,247	228,676
2019 / 2018	215,782	270,852
2018 / 2017	251,265	199,292
Prior Years	4,679,348	4,783,570
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	6,041,923	6,251,866
Puerto Rico | Mortgages | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	50	954
2020 / 2019	1,307	5,212
2019 / 2018	4,417	5,613
2018 / 2017	5,483	4,310
Prior Years	107,988	122,690
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	119,245	138,779
Puerto Rico | Mortgages | Pass
Financing Receivable, Recorded Investment
2022 / 2021	136,373	463,742
2021 / 2020	463,858	304,780
2020 / 2019	293,940	223,464
2019 / 2018	211,365	265,239
2018 / 2017	245,782	194,982
Prior Years	4,571,360	4,660,880
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	5,922,678	6,113,087
Puerto Rico | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment
2022 / 2021	89,752	24,936
2021 / 2020	23,534	21,288
2020 / 2019	20,982	35,822
2019 / 2018	35,149	25,311
2018 / 2017	24,981	2,066
Prior Years	42,056	45,235
Revolving Loans Amortized Cost Basis	100	111
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	236,554	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	4,362	4,485
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	4,362	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	2,890	3,025
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,890	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	983	0
2018 / 2017	0	0
Prior Years	6,108	6,257
Revolving Loans Amortized Cost Basis	100	100
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	7,191	7,339
Puerto Rico | Commercial | Commercial multi-family | Pass
Financing Receivable, Recorded Investment
2022 / 2021	89,752	24,936
2021 / 2020	23,534	21,288
2020 / 2019	20,982	34,840
2019 / 2018	34,166	25,311
2018 / 2017	24,981	2,066
Prior Years	28,696	31,468
Revolving Loans Amortized Cost Basis	0	11
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	222,111	139,920
Puerto Rico | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	388,351	662,216
2021 / 2020	644,468	357,867
2020 / 2019	470,057	145,267
2019 / 2018	143,251	200,499
2018 / 2017	157,456	52,306
Prior Years	836,673	858,819
Revolving Loans Amortized Cost Basis	11,862	12,949
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,652,118	2,289,923
Puerto Rico | Commercial | CRE non-owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	29,864	100,465
2021 / 2020	79,782	228,852
2020 / 2019	220,704	25,443
2019 / 2018	18,577	137,044
2018 / 2017	85,504	2,406
Prior Years	153,862	205,304
Revolving Loans Amortized Cost Basis	2,187	3,237
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	590,480	702,751
Puerto Rico | Commercial | CRE non-owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	18,509
2021 / 2020	30,152	12,563
2020 / 2019	11,759	7,271
2019 / 2018	8,653	0
2018 / 2017	0	4,608
Prior Years	22,811	24,056
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	73,375	67,007
Puerto Rico | Commercial | CRE non-owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	3,423	30,155
2021 / 2020	206	27,790
2020 / 2019	27,449	24,200
2019 / 2018	18,786	25,456
2018 / 2017	36,934	2,770
Prior Years	74,135	72,407
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	160,933	182,778
Puerto Rico | Commercial | CRE non-owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	355,064	513,087
2021 / 2020	534,328	88,662
2020 / 2019	210,145	88,353
2019 / 2018	97,235	37,999
2018 / 2017	35,018	42,522
Prior Years	585,865	557,052
Revolving Loans Amortized Cost Basis	9,675	9,712
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,827,330	1,337,387
Puerto Rico | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	95,732	259,459
2021 / 2020	285,541	208,939
2020 / 2019	160,038	63,159
2019 / 2018	60,439	67,026
2018 / 2017	95,944	40,018
Prior Years	690,772	768,739
Revolving Loans Amortized Cost Basis	18,283	16,389
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,406,749	1,423,729
Puerto Rico | Commercial | CRE owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	2,234	8,393
2021 / 2020	10,958	8,612
2020 / 2019	5,892	8,972
2019 / 2018	6,918	6,958
2018 / 2017	6,962	3,039
Prior Years	100,546	121,716
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	133,510	157,690
Puerto Rico | Commercial | CRE owner occupied | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	5,573
2021 / 2020	0	857
2020 / 2019	931	7,598
2019 / 2018	7,136	1,427
2018 / 2017	1,394	2,449
Prior Years	78,144	103,472
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	87,605	121,376
Puerto Rico | Commercial | CRE owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	11,425	6,960
2021 / 2020	4,873	1,028
2020 / 2019	1,306	1,646
2019 / 2018	859	35,529
2018 / 2017	34,762	1,869
Prior Years	91,428	113,288
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	144,653	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	603	612
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	603	688
Puerto Rico | Commercial | CRE owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	82,073	238,533
2021 / 2020	269,710	198,442
2020 / 2019	151,909	44,943
2019 / 2018	45,526	23,112
2018 / 2017	52,826	32,585
Prior Years	420,051	429,651
Revolving Loans Amortized Cost Basis	18,283	16,389
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,040,378	983,655
Puerto Rico | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment
2022 / 2021	438,311	1,039,760
2021 / 2020	784,753	358,938
2020 / 2019	186,477	314,790
2019 / 2018	292,021	252,218
2018 / 2017	189,614	154,940
Prior Years	499,442	498,323
Revolving Loans Amortized Cost Basis	1,130,065	909,479
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,520,683	3,528,448
Puerto Rico | Commercial | Commercial and Industrial | Watch
Financing Receivable, Recorded Investment
2022 / 2021	31,573	186,529
2021 / 2020	74,590	12,542
2020 / 2019	9,606	21,536
2019 / 2018	23,705	103,835
2018 / 2017	98,226	14,577
Prior Years	58,662	90,776
Revolving Loans Amortized Cost Basis	80,254	108,183
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	376,616	537,978
Puerto Rico | Commercial | Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	0	7,380
2021 / 2020	1,806	9,936
2020 / 2019	569	14,856
2019 / 2018	1,741	28,473
2018 / 2017	24,954	1,012
Prior Years	49,956	28,448
Revolving Loans Amortized Cost Basis	20,221	60,397
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	99,247	150,502
Puerto Rico | Commercial | Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	19,831	2,190
2021 / 2020	396	1,091
2020 / 2019	6,927	3,041
2019 / 2018	3,217	35,826
2018 / 2017	20,798	66,771
Prior Years	46,432	45,168
Revolving Loans Amortized Cost Basis	46,296	38,003
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	143,897	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	83	62
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	83	62
Puerto Rico | Commercial | Commercial and Industrial | Loss
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	7
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Total	7
Puerto Rico | Commercial | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment
2022 / 2021	386,907	843,661
2021 / 2020	707,961	335,369
2020 / 2019	169,375	275,357
2019 / 2018	263,358	84,084
2018 / 2017	45,636	72,580
Prior Years	344,309	333,869
Revolving Loans Amortized Cost Basis	983,287	702,896
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	2,900,833	2,647,816
Puerto Rico | Leasing
Financing Receivable, Recorded Investment
2022 / 2021	373,111	613,576
2021 / 2020	491,865	328,703
2020 / 2019	284,100	223,650
2019 / 2018	182,771	133,726
2018 / 2017	105,622	63,510
Prior Years	42,753	18,154
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,480,222	1,381,319
Puerto Rico | Leasing | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	180	124
2021 / 2020	937	618
2020 / 2019	989	880
2019 / 2018	972	613
2018 / 2017	831	613
Prior Years	665	235
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	4,574	3,083
Puerto Rico | Leasing | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	0
2019 / 2018	26	1
2018 / 2017	0	16
Prior Years	64	2
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	90	19
Puerto Rico | Leasing | Pass
Financing Receivable, Recorded Investment
2022 / 2021	372,931	613,452
2021 / 2020	490,928	328,085
2020 / 2019	283,111	222,770
2019 / 2018	181,773	133,112
2018 / 2017	104,791	62,881
Prior Years	42,024	17,917
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,475,558	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	966,699	919,851
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	966,699	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	8,879	8,577
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	8,879	8,577
Puerto Rico | Consumer | Credit card | Loss
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	17
Revolving Loans Converted to Term Loans Amortized Cost Basis	0
Total	17
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	957,803	911,274
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	957,803	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	3,122	3,571
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,122	3,571
Puerto Rico | Consumer | Home equity lines of credit | 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		23
Revolving Loans Converted to Term Loans Amortized Cost Basis		0
Total		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	3,122	3,548
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,122	3,548
Puerto Rico | Consumer | Personal loans
Financing Receivable, Recorded Investment
2022 / 2021	402,181	540,060
2021 / 2020	431,564	198,264
2020 / 2019	140,742	229,436
2019 / 2018	165,139	92,207
2018 / 2017	66,923	54,566
Prior Years	148,531	135,748
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	33,020	37,779
Total	1,388,100	1,288,060
Puerto Rico | Consumer | Personal loans | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	69	426
2021 / 2020	1,375	610
2020 / 2019	768	2,105
2019 / 2018	2,011	866
2018 / 2017	848	936
Prior Years	13,220	15,680
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,188	1,385
Total	19,479	22,008
Puerto Rico | Consumer | Personal loans | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	30
2021 / 2020	60	2
2020 / 2019	0	3
2019 / 2018	68	0
2018 / 2017	0	0
Prior Years	18	3
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	2	0
Total	148	38
Puerto Rico | Consumer | Personal loans | Pass
Financing Receivable, Recorded Investment
2022 / 2021	402,112	539,604
2021 / 2020	430,129	197,652
2020 / 2019	139,974	227,328
2019 / 2018	163,060	91,341
2018 / 2017	66,075	53,630
Prior Years	135,293	120,065
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	31,830	36,394
Total	1,368,473	1,266,014
Puerto Rico | Consumer | Auto Loan
Financing Receivable, Recorded Investment
2022 / 2021	646,977	1,262,922
2021 / 2020	1,108,991	815,870
2020 / 2019	706,049	646,798
2019 / 2018	534,764	425,032
2018 / 2017	334,193	179,314
Prior Years	159,002	82,251
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,489,976	3,412,187
Puerto Rico | Consumer | Auto Loan | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	399	3,080
2021 / 2020	7,125	7,520
2020 / 2019	8,748	9,498
2019 / 2018	8,895	4,739
2018 / 2017	4,727	2,210
Prior Years	3,005	1,422
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	32,899	28,469
Puerto Rico | Consumer | Auto Loan | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	42
2021 / 2020	0	11
2020 / 2019	28	0
2019 / 2018	91	0
2018 / 2017	0	0
Prior Years	9	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	128	53
Puerto Rico | Consumer | Auto Loan | Pass
Financing Receivable, Recorded Investment
2022 / 2021	646,578	1,259,800
2021 / 2020	1,101,866	808,339
2020 / 2019	697,273	637,300
2019 / 2018	525,778	420,293
2018 / 2017	329,466	177,104
Prior Years	155,988	80,829
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	3,456,949	3,383,665
Puerto Rico | Consumer | Other
Financing Receivable, Recorded Investment
2022 / 2021	17,719	24,845
2021 / 2020	21,774	9,895
2020 / 2019	7,453	9,369
2019 / 2018	7,455	6,676
2018 / 2017	5,950	3,914
Prior Years	3,719	1,116
Revolving Loans Amortized Cost Basis	69,079	68,733
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	133,149	124,548
Puerto Rico | Consumer | Other | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	114
2020 / 2019	130	21
2019 / 2018	0	487
2018 / 2017	465	0
Prior Years	5	135
Revolving Loans Amortized Cost Basis	11,082	11,250
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	11,682	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	443	0
Prior Years	0	34
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	443	613
Puerto Rico | Consumer | Other | Pass
Financing Receivable, Recorded Investment
2022 / 2021	17,719	24,845
2021 / 2020	21,774	9,781
2020 / 2019	7,323	9,348
2019 / 2018	7,455	5,610
2018 / 2017	5,042	3,914
Prior Years	3,714	947
Revolving Loans Amortized Cost Basis	57,997	57,483
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	121,024	111,928
Popular U.S.
Financing Receivable, Recorded Investment
2022 / 2021	1,030,768	1,933,575
2021 / 2020	1,897,312	1,504,793
2020 / 2019	1,442,479	1,258,160
2019 / 2018	1,119,595	862,283
2018 / 2017	799,465	629,989
Prior Years	2,194,382	1,802,434
Revolving Loans Amortized Cost Basis	386,719	361,553
Revolving Loans Converted to Term Loans Amortized Cost Basis	18,559	22,388
Total	8,889,279	8,375,175
Popular U.S. | Construction
Financing Receivable, Recorded Investment
2022 / 2021	28,379	130,587
2021 / 2020	153,847	150,345
2020 / 2019	171,359	188,652
2019 / 2018	134,977	57,829
2018 / 2017	39,708	80,936
Prior Years	100,288	20,760
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	628,558	629,109
Popular U.S. | Construction | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	4,016	14,300
2020 / 2019	14,143	23,547
2019 / 2018	30,941	28,757
2018 / 2017	18,166	34,205
Prior Years	33,444	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	100,710	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	15,892	10,231
Prior Years	10,154	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	26,046	25,669
Popular U.S. | Construction | Pass
Financing Receivable, Recorded Investment
2022 / 2021	28,379	130,587
2021 / 2020	149,831	136,045
2020 / 2019	157,216	165,105
2019 / 2018	104,036	13,634
2018 / 2017	5,650	36,500
Prior Years	43,035	7,138
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	488,147	489,009
Popular U.S. | Mortgages
Financing Receivable, Recorded Investment
2022 / 2021	120,481	326,641
2021 / 2020	312,738	270,550
2020 / 2019	254,385	218,965
2019 / 2018	201,729	62,953
2018 / 2017	61,245	6,593
Prior Years	269,454	289,628
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,220,032	1,175,330
Popular U.S. | Mortgages | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	639	4,338
2020 / 2019	4,338	3,894
2019 / 2018	4,285	967
2018 / 2017	919	217
Prior Years	10,010	12,680
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	20,191	22,096
Popular U.S. | Mortgages | Pass
Financing Receivable, Recorded Investment
2022 / 2021	120,481	326,641
2021 / 2020	312,099	266,212
2020 / 2019	250,047	215,071
2019 / 2018	197,444	61,986
2018 / 2017	60,326	6,376
Prior Years	259,444	276,948
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,199,841	1,153,234
Popular U.S. | Commercial | Commercial multi-family
Financing Receivable, Recorded Investment
2022 / 2021	264,305	431,213
2021 / 2020	418,389	286,905
2020 / 2019	251,079	333,689
2019 / 2018	312,512	208,208
2018 / 2017	194,050	95,223
Prior Years	451,502	448,418
Revolving Loans Amortized Cost Basis	3,982	4,205
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,895,819	1,807,861
Popular U.S. | Commercial | Commercial multi-family | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	8,600
2021 / 2020	8,526	41,348
2020 / 2019	43,413	56,229
2019 / 2018	48,152	20,682
2018 / 2017	20,473	37,343
Prior Years	64,575	48,753
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	185,139	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	1,213	9,013
2019 / 2018	942	30,244
2018 / 2017	29,452	11,071
Prior Years	22,477	28,297
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	54,084	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	66,892	12,748
2018 / 2017	10,897	0
Prior Years	4,994	18,644
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	82,783	98,541
Popular U.S. | Commercial | Commercial multi-family | Pass
Financing Receivable, Recorded Investment
2022 / 2021	264,305	422,613
2021 / 2020	409,863	241,805
2020 / 2019	206,453	201,298
2019 / 2018	196,526	144,534
2018 / 2017	133,228	46,809
Prior Years	359,456	352,724
Revolving Loans Amortized Cost Basis	3,982	4,205
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,573,813	1,413,988
Popular U.S. | Commercial | CRE non-owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	208,048	559,322
2021 / 2020	215,494	378,936
2020 / 2019	224,578	208,602
2019 / 2018	130,535	289,577
2018 / 2017	142,526	301,077
Prior Years	539,546	576,787
Revolving Loans Amortized Cost Basis	7,496	9,166
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,468,223	2,323,467
Popular U.S. | Commercial | CRE non-owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	12,716
2021 / 2020	12,692	22,109
2020 / 2019	16,783	42,067
2019 / 2018	15,033	56,576
2018 / 2017	45,671	28,604
Prior Years	101,497	154,289
Revolving Loans Amortized Cost Basis	0	780
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	191,676	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	3,162	7,025
2018 / 2017	1,797	10,573
Prior Years	21,798	15,569
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	26,757	39,311
Popular U.S. | Commercial | CRE non-owner occupied | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	2,902	756
2020 / 2019	749	6,405
2019 / 2018	11,739	14,544
2018 / 2017	1,555	11,384
Prior Years	32,860	60,323
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	49,805	93,412
Popular U.S. | Commercial | CRE non-owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	208,048	543,667
2021 / 2020	199,900	356,071
2020 / 2019	207,046	156,925
2019 / 2018	100,601	211,432
2018 / 2017	93,503	250,516
Prior Years	383,391	346,606
Revolving Loans Amortized Cost Basis	7,496	8,386
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,199,985	1,873,603
Popular U.S. | Commercial | CRE owner occupied
Financing Receivable, Recorded Investment
2022 / 2021	207,879	129,898
2021 / 2020	427,167	46,976
2020 / 2019	146,847	43,328
2019 / 2018	107,699	34,873
2018 / 2017	163,671	27,912
Prior Years	403,758	103,236
Revolving Loans Amortized Cost Basis	9,791	8,150
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,466,812	394,373
Popular U.S. | Commercial | CRE owner occupied | Watch
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	239
2020 / 2019	5,317	7,825
2019 / 2018	3,795	8,150
2018 / 2017	10,867	1,676
Prior Years	41,669	17,132
Revolving Loans Amortized Cost Basis	4,222	4,222
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	65,870	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	5,141	0
Prior Years	16,554	1,800
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	21,695	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	7,479	2,878
2018 / 2017	2,287	0
Prior Years	43,495	20,841
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	53,261	24,867
Popular U.S. | Commercial | CRE owner occupied | Pass
Financing Receivable, Recorded Investment
2022 / 2021	207,879	129,898
2021 / 2020	427,167	46,737
2020 / 2019	141,530	34,355
2019 / 2018	96,425	23,845
2018 / 2017	145,376	26,236
Prior Years	302,040	63,463
Revolving Loans Amortized Cost Basis	5,569	3,928
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,325,986	328,462
Popular U.S. | Commercial | Commercial and Industrial
Financing Receivable, Recorded Investment
2022 / 2021	74,563	280,304
2021 / 2020	307,991	351,589
2020 / 2019	381,943	221,324
2019 / 2018	208,390	201,352
2018 / 2017	194,016	115,429
Prior Years	412,101	343,162
Revolving Loans Amortized Cost Basis	319,339	296,971
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,898,343	1,810,131
Popular U.S. | Commercial | Commercial and Industrial | Watch
Financing Receivable, Recorded Investment
2022 / 2021	2,812	3,747
2021 / 2020	2,201	4,667
2020 / 2019	2,748	4,292
2019 / 2018	2,652	9,273
2018 / 2017	8,798	5
Prior Years	727	1,530
Revolving Loans Amortized Cost Basis	13,515	3,925
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	33,453	27,439
Popular U.S. | Commercial | Commercial and Industrial | Special Mention
Financing Receivable, Recorded Investment
2022 / 2021	1,052	2,504
2021 / 2020	1,483	7,203
2020 / 2019	6,597	670
2019 / 2018	582	481
2018 / 2017	447	59
Prior Years	20	215
Revolving Loans Amortized Cost Basis	4,722	8,177
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	14,903	19,309
Popular U.S. | Commercial | Commercial and Industrial | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	328	537
2021 / 2020	1,203	97
2020 / 2019	1,268	4,559
2019 / 2018	4,460	495
2018 / 2017	796	168
Prior Years	1,857	1,890
Revolving Loans Amortized Cost Basis	5,224	159
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	15,136	7,905
Popular U.S. | Commercial | Commercial and Industrial | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	262
2021 / 2020	253	58
2020 / 2019	105	108
2019 / 2018	255	17
2018 / 2017	110	51
Prior Years	6	191
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	729	687
Popular U.S. | Commercial | Commercial and Industrial | Pass
Financing Receivable, Recorded Investment
2022 / 2021	70,371	273,254
2021 / 2020	302,851	339,564
2020 / 2019	371,225	211,695
2019 / 2018	200,441	191,086
2018 / 2017	183,865	115,146
Prior Years	409,491	339,336
Revolving Loans Amortized Cost Basis	295,878	284,710
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,834,122	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	47	10
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	47	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	47	10
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	47	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	12,509	14,636
Revolving Loans Amortized Cost Basis	40,387	38,267
Revolving Loans Converted to Term Loans Amortized Cost Basis	18,559	22,388
Total	71,455	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	2,653	3,006
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	813	935
Total	3,466	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	159	207
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	1,079	1,258
Total	1,238	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	9,697	11,423
Revolving Loans Amortized Cost Basis	40,387	38,267
Revolving Loans Converted to Term Loans Amortized Cost Basis	16,667	20,195
Total	66,751	69,885
Popular U.S. | Consumer | Personal loans
Financing Receivable, Recorded Investment
2022 / 2021	127,113	75,610
2021 / 2020	61,686	19,492
2020 / 2019	12,288	43,600
2019 / 2018	23,753	7,491
2018 / 2017	4,249	2,819
Prior Years	5,224	5,807
Revolving Loans Amortized Cost Basis	0	126
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	234,313	154,945
Popular U.S. | Consumer | Personal loans | Substandard
Financing Receivable, Recorded Investment
2022 / 2021	49	72
2021 / 2020	163	81
2020 / 2019	168	250
2019 / 2018	168	73
2018 / 2017	32	17
Prior Years	142	163
Revolving Loans Amortized Cost Basis	0	2
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	722	658
Popular U.S. | Consumer | Personal loans | Loss
Financing Receivable, Recorded Investment
2022 / 2021	0	0
2021 / 2020	0	0
2020 / 2019	0	4
2019 / 2018	11	0
2018 / 2017	0	0
Prior Years	16	19
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	27	23
Popular U.S. | Consumer | Personal loans | Pass
Financing Receivable, Recorded Investment
2022 / 2021	127,064	75,538
2021 / 2020	61,523	19,411
2020 / 2019	12,120	43,346
2019 / 2018	23,574	7,418
2018 / 2017	4,217	2,802
Prior Years	5,066	5,625
Revolving Loans Amortized Cost Basis	0	124
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	233,564	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	5,677	4,658
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	5,677	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	5,676	4,658
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	$ 5,676	$ 4,658

Allowance for credit losses -_6

Allowance for credit losses - Allowance for loan losses - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Financing Receivable
Troubled debt restructurings	$ 1,649,158	$ 1,656,822
Commercial
Financing Receivable
Troubled debt restructurings	328,261	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

Mortgage banking activities (De

Mortgage banking activities (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Mortgage servicing rights fair value adjustments			$ 3,275	$ (5,727)
Net loss on sale of loans, including valuation adjustments on loans held-for-sale	$ 0	$ (73)	0	(73)
Total trading account profit (loss)	51	(47)	(672)	(92)
Total mortgage banking activities	13,575	7,448	26,440	24,791
Mortgage banking activities
Mortgage servicing fees	9,186	9,522	18,509	19,237
Mortgage servicing rights fair value adjustments	2,257	(6,239)	3,345	(5,727)
Total mortgage servicing fees, net of fair value adjustments	11,443	3,283	21,854	13,510
Net loss on sale of loans, including valuation adjustments on loans held-for-sale	36	5,197	(1,498)	10,172
Unrealized losses on outstanding derivative positions	(2)	0	0	0
Realized gains (losses) on closed derivative positions	2,430	(866)	6,565	1,636
Total trading account profit (loss)	2,428	(866)	6,565	1,636
Losses on repurchased loans, including interest advances	(332)	(166)	(481)	(527)
Total mortgage banking activities	$ 13,575	$ 7,448	$ 26,440	$ 24,791

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	$ 118,256	$ 195,665	$ 263,367	$ 386,742
Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	116,296	192,785	258,998	381,053
Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	1,960	2,880	4,369	5,689
Trading account debt securities
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	116,296	192,785	258,998	381,053
Trading account debt securities | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Trading account debt securities | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	116,296	192,785	258,998	381,053
Trading account debt securities | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Trading account debt securities | GNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	77,269	106,729	155,163	208,717
Trading account debt securities | GNMA | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Trading account debt securities | GNMA | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	77,269	106,729	155,163	208,717
Trading account debt securities | GNMA | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Trading account debt securities | FNMA
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	37,640	72,555	95,330	158,835
Trading account debt securities | FNMA | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Trading account debt securities | FNMA | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	37,640	72,555	95,330	158,835
Trading account debt securities | FNMA | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Trading account debt securities | FHLMC
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	1,387	13,501	8,505	13,501
Trading account debt securities | FHLMC | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Trading account debt securities | FHLMC | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	1,387	13,501	8,505	13,501
Trading account debt securities | FHLMC | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Mortgage Servicing Rights
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	1,960	2,880	4,369	5,689
Mortgage Servicing Rights | Level 1
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Mortgage Servicing Rights | Level 2
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	0	0	0	0
Mortgage Servicing Rights | Level 3
Assets
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized	$ 1,960	$ 2,880	$ 4,369	$ 5,689

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	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Transfers and Servicing of Financial Assets
Fair value at beginning of period	$ 121,570	$ 118,395
Additions	5,032	6,809
Changes due to payments of loans	(5,877)	(8,012)
Reduction due to loan repurchases	(463)	(851)
Changes in fair value due to changes in valuation model inputs or assumptions	9,571	3,126
Other disposals	44	0
Fair value at end of period	$ 129,877	$ 119,467

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	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Servicing Assets at Fair Value
Servicing asset at fair value amount	$ 129,877	$ 121,570	$ 119,467	$ 118,395
PB
Servicing Assets at Fair Value
Servicing asset at fair value amount	$ 2,000		$ 1,300

Transfers of financial assets_6

Transfers of financial assets and servicing assets - Key economic assumptions used (Details) - Residential Mortgage	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
BPPR
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement
Prepayment speed	4.70%	5.90%	5%	7.40%
Weighted average life	10 years 2 months 12 days	8 years 10 months 24 days	9 years 9 months 18 days	8 years
Discount rate (annual rate)	10.50%	10.40%	10.40%	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	7.80%	12.50%	8.90%	21.20%
Weighted average life	8 years	6 years	7 years 4 months 24 days	9 years 6 months
Discount rate (annual rate)	9.50%	11%	9.80%	11%

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	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Originated MSRs
Transfers of financial assets
Fair value of servicing rights	$ 40,917	$ 40,058
Weighted average life (in years)	6 years 9 months 18 days	7 years 1 month 6 days
Prepayment speed	6.60%	7.70%
Impact on fair value of 10% adverse change	$ (765)	$ (1,500)
Impact on fair value of 20% adverse change	$ (1,505)	$ (2,359)
Weighted average discount rate (annual rate)	11.20%	11.20%
Impact on fair value of 10% adverse change	$ (1,617)	$ (2,079)
Impact on fair value of 20% adverse change	(3,118)	(3,452)
Purchased MSRs
Transfers of financial assets
Fair value of servicing rights	$ 88,960	$ 81,512
Weighted average life (in years)	7 years 6 months	7 years 6 months
Prepayment speed	6.50%	7.60%
Impact on fair value of 10% adverse change	$ (1,747)	$ (1,486)
Impact on fair value of 20% adverse change	$ (3,438)	$ (3,495)
Weighted average discount rate (annual rate)	11%	11%
Impact on fair value of 10% adverse change	$ (3,694)	$ (2,731)
Impact on fair value of 20% adverse change	$ (7,122)	$ (5,832)

Transfers of financial assets_8

Transfers of financial assets and servicing assets - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 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%	0.31%	0.30%
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Liabilities Incurred	$ 0	$ 0	$ 0	$ 0
Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transfer or Servicing Assets Or Liabilities Description Of Objectives Methodology And Limitations			The sensitivity analyses presented in the table above for servicing rights are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10 and 20 percent variation in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in the sensitivity tables included herein, the effect of a variation in a particular assumption on the fair value of the retained interest is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments and increased credit losses), which might magnify or counteract the sensitivities.
Mortgage loans related to buy-back option program	30,643,443,000		$ 30,643,443,000		$ 29,506,225,000
Buy Back Option Program
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Mortgage loans related to buy-back option program	11,000,000		11,000,000		13,000,000
Loans with recourse
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Loans serviced	700,000,000		700,000,000		700,000,000
GNMA
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Repurchased loans			35,000,000	65,000,000
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	700,000	4,700,000	1,800,000	8,400,000
Mortgage loans related to buy-back option program	1,500,000,000		1,500,000,000		1,600,000,000
Serviced mortgage loans
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Servicing rights on whole loan sales, principal balance	33,000,000	84,000,000	33,000,000	84,000,000
Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale			400,000	1,800,000
Loans serviced	11,600,000,000		11,600,000,000		$ 12,100,000,000
Serviced mortgage loans | Loans with recourse
Securitization Financial Asset For Which Transfer Is Accounted As Sale Line Items
Repurchased loans	$ 2,000,000	$ 7,000,000	$ 5,000,000	$ 15,000,000

Other Real Estate Owned (Detail

Other Real Estate Owned (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Real Estate Owned Rollforward
Balance at beginning of the period	$ 90,567	$ 72,060	$ 85,077	$ 83,146
Write-downs in value	(731)	(706)	(1,423)	(1,983)
Additions	21,495	19,192	43,422	24,915
Sales	(19,066)	(17,172)	(34,589)	(32,704)
Other adjustments	(128)	(102)	(350)	(102)
Ending balance	92,137	73,272	92,137	73,272
Mortgages
Other Real Estate Owned Rollforward
Balance at beginning of the period	75,099	56,975	70,060	69,932
Write-downs in value	(245)	(549)	(573)	(1,519)
Additions	20,663	17,067	39,903	18,940
Sales	(17,502)	(14,519)	(31,045)	(28,379)
Other adjustments	(128)	(283)	(458)	(283)
Ending balance	77,887	58,691	77,887	58,691
Commercial / Construction
Other Real Estate Owned Rollforward
Balance at beginning of the period	15,468	15,085	15,017	13,214
Write-downs in value	(486)	(157)	(850)	(464)
Additions	832	2,125	3,519	5,975
Sales	(1,564)	(2,653)	(3,544)	(4,325)
Other adjustments	0	181	108	181
Ending balance	$ 14,250	$ 14,581	$ 14,250	$ 14,581

Other assets (Details)

Other assets (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deferred Costs Capitalized Prepaid And Other Assets Disclosure Abstract
Net deferred tax assets (net of valuation allowance)	$ 817,867	$ 657,597
Investments under the equity method	318,836	298,988
Prepaid taxes	52,721	37,924
Other prepaid expenses	85,964	79,845
Derivative assets	17,218	26,093
Trades receivables from brokers and counterparties	45,118	65,460
Principal, interest and escrow servicing advances	45,889	53,942
Guaranteed mortgage loan claims receivable	84,990	98,001
Operating ROU assets	126,080	141,748
Finance ROU assets	19,349	13,459
Others	159,491	155,514
Total other assets	$ 1,773,523	$ 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Deferred Costs Capitalized Prepaid And Other Assets Disclosure Abstract
Hosting arrangement service contract implementation cost capitalized	$ 22.1		$ 22.1		$ 18.4
Hosting arrangement service contract accumulated amortization	10.8		10.8		8.8
Hosting arrangement service contract, net value	11.3		11.3		$ 9.6
Hosting arrangement service amortization expense	$ 1.1	$ 1.1	$ 2	$ 1.9

Goodwill and other intangible_3

Goodwill and other intangible assets - Gross amount of goodwill and accumulated impairment losses (Details) - USD ($) $ in Thousands	Jun. 30, 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	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets
Gross Carrying Amount	$ 27,096	$ 27,096
Accumulated Amortization	13,323	11,637
Net Carrying Value	13,773	15,459
Core deposits
Finite-Lived Intangible Assets
Core deposits - Gross	12,810	12,810
Accumulated Amortization	9,394	8,754
Net Carrying Value	3,416	4,056
Other customer relationship
Finite-Lived Intangible Assets
Customer relationships - Gross	14,286	14,286
Accumulated Amortization	3,929	2,883
Net Carrying Value	$ 10,357	$ 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	Jun. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure
Remaining 2022	$ 1,589
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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Goodwill and other intangible assets
Amortization Of Intangible Assets	$ 795,000	$ 1,255,000	$ 1,686,000	$ 2,306,000
Identifiable intangible assets	700,000		700,000		$ 700,000
Changes in the carrying amount of goodwill	$ 0	$ 0	$ 0	$ 0

Deposits - Total interest beari

Deposits - Total interest bearing deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deposits [Abstract]
Savings accounts	$ 15,796,175	$ 15,871,998
NOW, money market and other interest bearing demand deposits	25,772,708	28,736,459
Total savings, NOW, money market and other interest bearing demand deposits	41,568,883	44,608,457
Certificates of deposit:
Under $250,000	4,143,611	4,086,059
$250,000 and over	2,951,911	2,626,090
Total certificates of deposit	7,095,522	6,712,149
Total interest bearing deposits	$ 48,664,405	$ 51,320,606

Deposits - Summary of certifica

Deposits - Summary of certificates of deposit by maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deposits [Abstract]
2022	$ 3,357,467
2023	1,378,319
2024	842,853
2025	641,308
2026	484,722
2027 and thereafter	390,853
Total certificates of deposit	$ 7,095,522	$ 6,712,149

Deposits - Additional Informati

Deposits - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deposits [Abstract]
Brokered deposits	$ 1,000,000	$ 800,000
Overdrafts in demand deposit accounts reclassified to loans	8,000	6,000
Deposit
Deposits	65,327,664	$ 67,005,088
Public sector
Deposit
Deposits	$ 17,100,000

Borrowings - Repurchase agreeme

Borrowings - Repurchase agreements accounted for as secured borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 70,925	$ 91,603
Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	70,925	91,603
US Treasury Securities | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	59,544	78,869
US Treasury Securities | Within 30 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	14,139	19,538
US Treasury Securities | After 30 to 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	18,198	30,295
US Treasury Securities | After 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	27,207	29,036
Mortgage Backed Securities | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	11,381	12,455
Mortgage Backed Securities | Within 30 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	10,534	11,733
Mortgage Backed Securities | After 30 to 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	847	0
Mortgage Backed Securities | After 90 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	0	722
CMO | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	0	279
CMO | Within 30 days | Secured Debt
Assets Sold under Agreements to Repurchase
Repurchase liability	$ 0	$ 279

Borrowings - Notes payable (Det

Borrowings - Notes payable (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument
Notes payable	$ 888,210	$ 988,563
Advances with FHLB with maturities ranging from 2022 Through 2029
Debt Instrument
FHLB advances	391,429	492,429
Unsecured senior debt | Fixed Rate with maturities on 2023 paying interest semiannually
Debt Instrument
Long Term Debt	298,475	297,842
Junior subordinated debt | Fixed Rate with maturities on 2034
Debt Instrument
Long Term Debt	$ 198,306	$ 198,292

Borrowings - Notes payable -Par

Borrowings - Notes payable -Parenthetical (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
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	$ 1,524
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	$ 328
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	Jun. 30, 2022 USD ($)
Debt Disclosure
2022	$ 73,073
2023	341,736
2024	91,943
2025	139,920
2026	74,500
Later years	237,963
Total borrowings	959,135
Assets sold under agreements to repurchase
Debt Disclosure
2022	70,925
2023	0
2024	0
2025	0
2026	0
Later years	0
Total borrowings	70,925
Notes payable
Debt Disclosure
2022	2,148
2023	341,736
2024	91,943
2025	139,920
2026	74,500
Later years	237,963
Total borrowings	$ 888,210

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Debt Disclosure
FHLB advances maximum amount available	$ 3,000,000,000	$ 3,000,000,000
Federal Home Loan Bank Advances And Letters Of Credit Amount Used	400,000,000	600,000,000
Assets sold under agreements to repurchase	70,925,000	91,603,000
Other short-term borrowings	0	75,000,000
Advances with FRB
Debt Disclosure
Line Of Credit Facility Current Borrowing Capacity	1,400,000,000	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	Jun. 30, 2022	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Accrued expenses	$ 280,991	$ 308,594
Accrued interest payable	33,015	33,227
Accounts payable	97,220	91,804
Dividends payable	42,120	35,937
Trades payable	10,312	13,789
Liability for GNMA loans sold with an option to repurchase	11,034	12,806
Reserves for loan indemnifications	9,881	12,639
Reserve for operational losses	37,718	43,886
Operating lease liabilities	138,217	154,114
Finance lease liabilities	25,463	19,719
Pension benefit obligation	8,214	8,778
Postretirement benefit obligation	158,904	161,988
Other liabilities	68,694	70,967
Total other liabilities	$ 921,783	$ 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				6 Months Ended
	Jun. 30, 2022		Jun. 30, 2021		Jun. 30, 2022	Jun. 30, 2021		Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Stockholders Equity Note
Stockholders' equity	$ 4,293,349		$ 5,814,614		$ 4,293,349	$ 5,814,614		$ 4,671,246	$ 5,969,397	$ 5,897,559	$ 6,028,687
Cash dividends	$ 42,121	[1]	$ 36,294	[1]	$ 84,195	$ 70,048	[1],[2]
Dividends Declared per Common Share	$ 0.55		$ 0.45		$ 1.10	$ 0.85
Dividend payable, to be paid date					Jul. 01, 2022
Dividends payable, record date					Jun. 02, 2022
[1] Dividends declared per common share during the quarter ended June 30, 2022 - $ 0.55 (2021 - $ 0.45). Dividends declared per common share during the six months ended June 30, 2022 - $ 1.10 (2021 - $ 0.85).

Stockholders' equity - ASR - Ad

Stockholders' equity - ASR - Additional Information (Details) - Accelerate share repurchase - USD ($)			2 Months Ended	6 Months Ended
	Sep. 09, 2021	May 03, 2021	Mar. 02, 2022	Jul. 12, 2022	Jun. 30, 2022	Jun. 30, 2021
Stockholders Equity Note
Stock repurchase program authorized amount		$ 350,000,000	$ 400,000,000		$ 400,000,000	$ 350,000,000
Accelerated share repurchases price paid per share	$ 75.8430
Accelerated share repurchases settlement payment			$ 400,000,000
Initial shares received as part of an accelerated share repurchase program		3,785,831	3,483,942		3,483,942
Common Shares Repurchased Accelerated Share Repurchase Agreements	828,965
Common shares attributable to ASR	4,614,796
Treasury stock
Stockholders Equity Note
Common stock purchases	$ 61,000,000	$ 280,000,000	$ (320,000,000)
Capital surplus
Stockholders Equity Note
Common stock purchases	$ 61,000,000	$ (70,000,000)	$ (80,000,000)
Subsequent event
Stockholders Equity Note
Accelerated share repurchases price paid per share				$ 78.9443
Common Shares Repurchased Accelerated Share Repurchase Agreements				1,582,922
Common shares attributable to ASR				5,066,864
Subsequent event | Treasury stock
Stockholders Equity Note
Common stock purchases				$ 120,000,000
Subsequent event | Capital surplus
Stockholders Equity Note
Common stock purchases				$ 120,000,000

Other comprehensive income (los

Other comprehensive income (loss) - Change in accumulated other comprehensive income (loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Foreign Currency Translation
Beginning Balance	$ (70,165)	$ (70,685)	$ (67,307)	$ (71,254)
Other comprehensive income	5,998	2,726	3,140	3,295
Net change	5,998	2,726	3,140	3,295
Ending Balance	(64,167)	(67,959)	(64,167)	(67,959)
Adjustment of pension and postretirement benefit plans
Beginning Balance	(155,281)	(191,814)	(158,994)	(195,056)
Other comprehensive income before reclassifications	0	0	1,269	0
Amounts reclassified from accumulated other comprehensive loss for amortization of net losses	2,444	3,242	4,888	6,484
Net change	2,444	3,242	6,157	6,484
Ending Balance	(152,837)	(188,572)	(152,837)	(188,572)
Unrealized net holding (losses) gains on debt securities
Beginning Balance	(1,171,950)	90,955	(96,120)	460,900
Other comprehensive (loss) income	(563,420)	73,027	(1,639,250)	(296,918)
Net change	(563,420)	73,027	(1,639,250)	(296,918)
Ending Balance	(1,735,370)	163,982	(1,735,370)	163,982
Unrealized net losses on cash flow hedges
Beginning Balance	158	(3,194)	(2,648)	(4,599)
Other comprehensive (loss) income before reclassifications	(332)	(230)	2,807	1,127
Amounts reclassified from accumulated other comprehensive loss	(468)	282	(801)	330
Net change	(800)	52	2,006	1,457
Ending Balance	(642)	(3,142)	(642)	(3,142)
Accumulated other comprehensive loss, net of tax	$ (1,953,016)	$ (95,691)	$ (1,953,016)	$ (95,691)	$ (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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Reclassification out of accumulated other comprehensive loss
Net of tax	$ (1,976)	$ (3,524)	$ (4,087)	$ (6,814)
Pension and postretirement benefit plan
Reclassification out of accumulated other comprehensive loss
Before Tax	(3,911)	(5,189)	(7,822)	(10,379)
Income tax benefit	1,467	1,947	2,934	3,895
Net of tax	(2,444)	(3,242)	(4,888)	(6,484)
Pension and postretirement benefit plan | Other operating income
Reclassification out of accumulated other comprehensive loss
Before Tax	(3,911)	(5,189)	(7,822)	(10,379)
Cash flow hedge
Reclassification out of accumulated other comprehensive loss
Before Tax	880	(280)	1,579	(189)
Income tax benefit	(412)	(2)	(778)	(141)
Net of tax	468	(282)	801	(330)
Cash flow hedge | Forward contracts | Mortgage banking activities
Reclassification out of accumulated other comprehensive loss
Before Tax	1,099	2	2,077	348
Cash flow hedge | Interest rate swap | Other operating income
Reclassification out of accumulated other comprehensive loss
Before Tax	$ (219)	$ (282)	$ (498)	$ (537)

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Guarantor Obligations
Balance as of beginning of period	$ 10,335	$ 20,244	$ 11,800	$ 22,484
Provision (benefit) for recourse liability	(395)	(1,568)	(349)	(751)
Net charge-offs	(845)	(3,014)	(2,356)	(6,071)
Balance as of end of period	$ 9,095	$ 15,662	$ 9,095	$ 15,662

Guarantees - Credit recourse -

Guarantees - Credit recourse - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Guarantee on loans sold or serviced with credit recourse
Guarantor Obligations
Valuation allowances and reserves balance	$ 9,095,000	$ 15,662,000	$ 9,095,000	$ 15,662,000	$ 10,335,000	$ 11,800,000	$ 20,244,000	$ 22,484,000
Serviced mortgage loans
Guarantor Obligations
Loans serviced	11,600,000,000		11,600,000,000			12,100,000,000
Loans with recourse
Guarantor Obligations
Loans serviced	700,000,000		700,000,000			$ 700,000,000
Loans with recourse | Serviced mortgage loans
Guarantor Obligations
Repurchased loans	$ 2,000,000	$ 7,000,000	5,000,000	15,000,000
Securitization | Guarantee on loans sold or serviced with representation and warranties
Guarantor Obligations
Repurchased loans			$ 1,000,000	$ 0

Guarantees - Other Guarantees -

Guarantees - Other Guarantees - Additional Information (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Guarantor Obligations
Funds Advanced To Investors Under Servicing Agreements	$ 45,889	$ 53,942
Popular, Inc. Holding Co.
Guarantor Obligations
Wholly-owned subsidiary percentage	100%
Popular, Inc. Holding Co. | Debt Securities Payable
Guarantor Obligations
Guarantees, unamortized balance of the obligations	$ 94,000	94,000
Financial Standby Letter Of Credit
Guarantor Obligations
Guarantees, unamortized balance of the obligations	200	200
Guarantee Type, Other | Popular, Inc. Holding Co. | Capital securities (trust preferred securities)
Guarantor Obligations
Guarantees, unamortized balance of the obligations	193,000	193,000
Indemnification Guarantee | Banco Popular de Puerto Rico
Guarantor Obligations
Liability for estimated credit loss related to loans sold or serviced	$ 800	$ 800

Commitments and Contingencies -

Commitments and Contingencies - Financial instruments with off-Balance Sheet credit risk (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Commitments to extend credit | Credit card lines
Commitments and contingencies
Unused commitments to extend credit	$ 5,727,176	$ 5,382,089
Commitments to extend credit | Commercial and construction lines of credit
Commitments and contingencies
Unused commitments to extend credit	3,982,769	3,830,601
Commitments to extend credit | Other consumer unused credit commitments
Commitments and contingencies
Unused commitments to extend credit	249,490	250,229
Commercial letters of credit
Commitments and contingencies
Unused commitments to extend credit	1,991	3,260
Standby letters of credit
Commitments and contingencies
Unused commitments to extend credit	31,437	27,848
Commitments to originate or fund mortgage loans
Commitments and contingencies
Unused commitments to extend credit	$ 121,631	$ 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	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	$ 352,544	$ 349,000
Total concentration of risk	395,733	367,000
Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	27,292	30,000
Loans
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	325,252	$ 319,000
From PR Central Government
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	47
Total concentration of risk	47
From PR Central Government | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	47
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	15
Total concentration of risk	15
From PR Central Government | After 1 to 5 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	15
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	31
Total concentration of risk	31
From PR Central Government | After 10 years | Investment Portfolio
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	31
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	352,497
Total concentration of risk	395,686
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	325,252
From Municipalities | Within 1 year
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	36,320
Total concentration of risk	372,881
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	31,880
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	13,045
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	180,173
Total concentration of risk	9,530
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	170,643
From Municipalities | After 10 years
Direct exposure to the puerto rico government by maturity
Outstanding concentration of risk	55,487
Total concentration of risk	230
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	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount	$ 30,643,443	$ 29,506,225
Commitments to extend credit
Commitments and Contingencies Disclosure
Reserve of potential losses associated with unfunded loan commitments	6,900	7,900
Noncredit commitment
Commitments and Contingencies Disclosure
Investments	1,500	1,000
Residential mortgage loans
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount	1,500,000	1,600,000
SBA loans under PPP program
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount	89,000	353,000
BVI | Retail and commerical loans
Commitments and Contingencies Disclosure
Loans And Leases Receivable Gross Carrying Amount	217,000	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	69,000	67,000
PR Government direct exposure
Commitments and Contingencies Disclosure
Outstanding concentration of risk	352,544	349,000
Total concentration of risk	$ 395,733	367,000
Exposure Municipal Loans And Securities	73%
PR Government direct exposure | Loans
Commitments and Contingencies Disclosure
Outstanding concentration of risk	$ 325,252	319,000
PR Government direct exposure | Loans | Adjustment
Commitments and Contingencies Disclosure
Outstanding concentration of risk	326,000
PR Government direct exposure | Securities Investment
Commitments and Contingencies Disclosure
Outstanding concentration of risk	27,292	30,000
PR Government Indirect Exposure
Commitments and Contingencies Disclosure
Outstanding concentration of risk	262,000	275,000
Loans and Leases Receivable, Consumer, Mortgage with PRHA	220,000	232,000
PR Government Indirect Exposure | PR Housing Bonds backed by second mortgage loans
Commitments and Contingencies Disclosure
Outstanding concentration of risk	42,000	43,000
USVI Government Direct Exposure | From USVI Government And Public Corporations
Commitments and Contingencies Disclosure
Total concentration of risk	$ 29,000	$ 70,000

Commitments and contingencies_4

Commitments and contingencies - Legal Proceedings - Additional Information (Details) $ in Millions	1 Months Ended			6 Months Ended
	Oct. 28, 2021 USD ($)	Jun. 28, 2021 Defendant	Jul. 30, 2019 Plaintiff Defendant	Jun. 30, 2022 USD ($) claims	Jan. 27, 2022 USD ($)
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				41
Loss Contingency Damages Sought Value				$ 40.5
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				$ 30.5

Non-consolidated VIEs - Corpora

Non-consolidated VIEs - Corporation's VI in non-consolidated VIEs and max exposure to loss (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Variable Interest Entity
Assets	$ 71,501,931	$ 75,097,899	$ 72,657,293
Variable Interest Entity Not Primary Beneficiary
Variable Interest Entity
Assets	108,016	102,432
Maximum exposure to loss	108,016	102,432
Variable Interest Entity Not Primary Beneficiary | Servicing assets
Variable Interest Entity
Assets	101,094	94,464
Variable Interest Entity Not Primary Beneficiary | Mortgage servicing rights
Variable Interest Entity
Assets	101,094	94,464
Variable Interest Entity Not Primary Beneficiary | Other assets
Variable Interest Entity
Assets	6,922	7,968
Variable Interest Entity Not Primary Beneficiary | Servicing advances
Variable Interest Entity
Assets	$ 6,922	$ 7,968

Non-consolidated variable int_3

Non-consolidated variable interest entities - Additional Information (Details) - Variable Interest Entity Not Primary Beneficiary [Member] $ in Billions	6 Months Ended
	Jun. 30, 2022 USD ($) NumberOfVIE	Dec. 31, 2021 USD ($)
Variable Interest Entity
Number of VIEs | NumberOfVIE	3
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement | $	$ 8.1	$ 8.3

Related party transactions - Co

Related party transactions - Corporation's equity in Evertec (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Related Party Transaction
Equity investment	$ 318,836	$ 298,988
EVERTEC Inc.
Related Party Transaction
Equity investment	$ 125,330	$ 110,299

Related party transactions - Fi

Related party transactions - Financial Condition accounts outstanding with EVERTEC (Details) - EVERTEC Inc. - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Related Party Transaction
Accounts receivables (Other assets)	$ 2,800	$ 5,668
Deposits	(106,200)	(150,737)
Accounts payable (Other liabilities)	(1,252)	(3,431)
Net total	$ (104,652)	$ (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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Related Party Transaction
Share of income from investment	$ 5,480	$ 7,967	$ 11,827	$ 13,716
Share of other changes in stockholders equity	1,410	237	3,168	400
Share of changes in equity recognized in income	$ 6,890	$ 8,204	$ 14,995	$ 14,116

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Related Party Transaction
Related Party Transaction, Amounts of Transaction	$ (57,543)	$ (52,224)	$ (111,315)	$ (104,333)
Interest Expense
Related Party Transaction
Interest Expense Related Party	(135)	(75)	(267)	(164)
ATH and credit cards interchange income from services
Related Party Transaction
Related Party Transaction Revenues From Transactions With Related Party	7,272	6,976	13,955	13,429
Rental income charged
Related Party Transaction
Related Party Transaction Revenues From Transactions With Related Party	1,577	1,396	3,258	2,943
Processing fees on services provided
Related Party Transaction
Expenses from Transactions with related party	(66,459)	(60,740)	(128,681)	(120,881)
Other services provided
Related Party Transaction
Related Party Transaction Revenues From Transactions With Related Party	$ 202	$ 219	$ 420	$ 340

Related party transactions - Re

Related party transactions - Related party transactions with affiliated company - Equity Method - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jul. 01, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Related Party Transaction
Equity investment	$ 318,836			$ 318,836		$ 298,988
EVERTEC Inc.
Related Party Transaction
Ownership interest	16.30%			16.30%
Equity investment	$ 125,330			$ 125,330		110,299
Earnings from investments in equity method investees	$ 6,890	$ 8,204		14,995	$ 14,116
Equity Method Investment Dividends				$ 1,200	1,200
Number of shares held	11,654,803			11,654,803
EVERTEC Inc. | EVERTEC Assets | Service agreement
Related Party Transaction
Ownership interest	16.30%			16.30%
Evertec stock price at period end	$ 36.88			$ 36.88
EVERTEC Inc. | EVERTEC Assets | Service agreement | Subsequent event
Related Party Transaction
Ownership interest			10.60%
Business acquisition, aggregated equity value			$ 169,000
Percent of maximum voting interest			4.50%
Common stock shares deliver to Evertec as consideration			4,589,169
Gain on shares sold to acquiree			$ 112,000
BHD LEON
Related Party Transaction
Ownership interest	15.84%			15.84%
Equity investment	$ 184,800			$ 184,800		$ 180,300
Earnings from investments in equity method investees				14,500	12,600
Dividends distribution				$ 16,000	$ 4,300

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	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Related Party Transaction
Administrative Fees	$ 1.3	$ 2.3
Waived Fees	0.5	0.8
Net fees	$ 0.8	$ 1.5

Fair value measurement - Assets

Fair value measurement - Assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Assets
Debt securities available-for-sale	$ 26,266,251	$ 24,968,269
Mortgage servicing rights	129,877	121,570	$ 119,467	$ 118,395
US Treasury Securities
Assets
Debt securities available-for-sale	18,840,482	15,859,030
Obligations of U.S. Government sponsored entities
Assets
Debt securities available-for-sale	70	70
Collateralized Mortgage Obligations - Federal agencies
Assets
Debt securities available-for-sale	172,784	221,265
Mortgage Backed Securities
Assets
Debt securities available-for-sale	7,252,320	8,887,776
Other
Assets
Debt securities available-for-sale	595	128
Recurring
Assets
Debt securities available-for-sale	26,266,251	24,968,269
Trading account debt securities, excluding derivatives	32,317	29,711
Equity securities at fair value	28,429	32,506
Mortgage servicing rights	129,877	121,570
Derivatives	17,218	26,093
Total assets measured at fair value on a nonrecurring basis	26,474,092	25,178,149
Liabilities
Derivatives	(16,173)	(22,878)
Contingent consideration	(9,241)	(9,241)
Total	(25,414)	(32,119)
Recurring | US Treasury Securities
Assets
Debt securities available-for-sale	18,840,482	15,859,030
Trading account debt securities, excluding derivatives	16,873	6,530
Recurring | Obligations of U.S. Government sponsored entities
Assets
Debt securities available-for-sale	70	70
Recurring | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	73	85
Recurring | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt securities available-for-sale	172,784	221,265
Recurring | CMO
Assets
Trading account debt securities, excluding derivatives	203	257
Recurring | Mortgage Backed Securities
Assets
Debt securities available-for-sale	7,252,320	8,887,776
Trading account debt securities, excluding derivatives	14,904	22,559
Recurring | Other
Assets
Debt securities available-for-sale	595	128
Trading account debt securities, excluding derivatives	264	280
Recurring | Level 1
Assets
Debt securities available-for-sale	2,019,437	0
Trading account debt securities, excluding derivatives	16,873	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	2,036,310	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	2,019,437	0
Trading account debt securities, excluding derivatives	16,873	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	24,245,535	24,967,443
Trading account debt securities, excluding derivatives	15,028	22,703
Equity securities at fair value	28,214	32,429
Mortgage servicing rights	0	0
Derivatives	17,218	26,093
Total assets measured at fair value on a nonrecurring basis	24,305,995	25,048,668
Liabilities
Derivatives	(16,173)	(22,878)
Contingent consideration	0	0
Total	(16,173)	(22,878)
Recurring | Level 2 | US Treasury Securities
Assets
Debt securities available-for-sale	16,821,045	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	70	70
Recurring | Level 2 | Obligations of Puerto Rico, States and political subdivisions
Assets
Trading account debt securities, excluding derivatives	73	85
Recurring | Level 2 | Collateralized Mortgage Obligations - Federal agencies
Assets
Debt securities available-for-sale	172,784	221,265
Recurring | Level 2 | CMO
Assets
Trading account debt securities, excluding derivatives	51	59
Recurring | Level 2 | Mortgage Backed Securities
Assets
Debt securities available-for-sale	7,251,541	8,886,950
Trading account debt securities, excluding derivatives	14,904	22,559
Recurring | Level 2 | Other
Assets
Debt securities available-for-sale	95	128
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 3
Assets
Debt securities available-for-sale	1,279	826
Trading account debt securities, excluding derivatives	416	478
Equity securities at fair value	0	0
Mortgage servicing rights	129,877	121,570
Derivatives	0	0
Total assets measured at fair value on a nonrecurring basis	131,572	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	152	198	250
Recurring | Level 3 | Mortgage Backed Securities
Assets
Debt securities available-for-sale	779	826
Trading account debt securities, excluding derivatives	0	0
Recurring | Level 3 | Other
Assets
Debt securities available-for-sale	500	0
Trading account debt securities, excluding derivatives	264	280	$ 361
Recurring | NAV
Assets
Debt securities available-for-sale	0	0
Trading account debt securities, excluding derivatives	0	0
Equity securities at fair value	215	77
Mortgage servicing rights	0	0
Derivatives	0	0
Total assets measured at fair value on a nonrecurring basis	215	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	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Fair Value
Other real estate	$ 92,137		$ 85,077
ROU assets	126,080		$ 141,748
Nonrecurring
Fair Value
Loans	6,694	$ 19,369
Loans held-for-sale		8,700
Other real estate	2,161	7,942
Long-lived asset held-for-sale		2,728
Total assets measured at fair value on a nonrecurring basis	8,855	38,739
Loans - write-down	(1,183)	(2,957)
Loans held-for-sale - write-down		(596)
Other real estate owned - write down	(769)	(1,503)
Long-lived asset held-for-sale - write down		(303)
Total assets measured - write down	(1,952)	(5,359)
Nonrecurring | Level 1
Fair Value
Loans	0	0
Loans held-for-sale		0
Other real estate	0	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
Other real estate	0	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	6,694	19,369
Loans held-for-sale		8,700
Other real estate	2,161	7,942
Long-lived asset held-for-sale		2,728
Total assets measured at fair value on a nonrecurring basis	$ 8,855	$ 38,739

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	$ 126,592	$ 124,100	$ 122,874	$ 120,068
Gains (Losses) included in earnings	2,255	(6,260)	3,258	(5,757)
Gains (losses) included in OCI	11	4	3	(1)
Additions	2,761	3,196	5,534	6,833
Settlements	(47)	(24)	(97)	(127)
Ending Balance	131,572	121,016	131,572	121,016
Changes in unrealized gains (losses) included in earnings relating to assets still held	5,319	(2,031)	9,577	3,135
Liabilities, Fair Value Disclosure [Abstract]
Beginning Balance	9,241		9,241
Gains (Losses) included in earnings	0		0
Gains (losses) included in OCI	0		0
Additions	0		0
Settlements	0		0
Ending Balance	9,241		9,241
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss	0		0
Contingent consideration
Liabilities, Fair Value Disclosure [Abstract]
Beginning Balance	9,241		9,241
Gains (Losses) included in earnings	0		0
Gains (losses) included in OCI	0		0
Additions	0		0
Settlements	0		0
Ending Balance	9,241		9,241
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss	0		0
Debt securities available-for-sale | Mortgage Backed Securities
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	793	934	826	1,014
Gains (Losses) included in earnings	0	0	0	0
Gains (losses) included in OCI	11	4	3	(1)
Additions	0	0	0	0
Settlements	(25)	0	(50)	(75)
Ending Balance	779	938	779	938
Changes in unrealized gains (losses) included in earnings relating to assets still held	0	0	0	0
Debt securities available-for-sale | Other
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	0		0
Gains (Losses) included in earnings	0		0
Gains (losses) included in OCI	0		0
Additions	500		500
Settlements	0		0
Ending Balance	500		500
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	174	251	198	278
Gains (Losses) included in earnings	0	0	(1)	0
Gains (losses) included in OCI	0	0	0	0
Additions	0	23	2	24
Settlements	(22)	(24)	(47)	(52)
Ending Balance	152	250	152	250
Changes in unrealized gains (losses) included in earnings relating to assets still held	(1)	0	(1)	0
Trading account debt securities | Other
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	267	372	280	381
Gains (Losses) included in earnings	(3)	(11)	(16)	(20)
Gains (losses) included in OCI	0	0	0	0
Additions	0	0	0	0
Settlements	0	0	0	0
Ending Balance	264	361	264	361
Changes in unrealized gains (losses) included in earnings relating to assets still held	2	5	7	9
Mortgage Servicing Rights
Assets, Fair Value Disclosure [Abstract]
Beginning Balance	125,358	122,543	121,570	118,395
Gains (Losses) included in earnings	2,258	(6,249)	3,275	(5,737)
Gains (losses) included in OCI	0	0	0	0
Additions	2,261	3,173	5,032	6,809
Settlements	0	0	0	0
Ending Balance	129,877	119,467	129,877	119,467
Changes in unrealized gains (losses) included in earnings relating to assets still held	$ 5,318	$ (2,036)	$ 9,571	$ 3,126

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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract
Gains (Losses) included in earnings	$ 2,255	$ (6,260)	$ 3,258	$ (5,757)
Changes in unrealized gains (losses) included in earnings relating to assets still held	5,319	(2,031)	9,577	3,135
Mortgage banking activities
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract
Gains (Losses) included in earnings	2,258	(6,249)	3,275	(5,737)
Changes in unrealized gains (losses) included in earnings relating to assets still held	5,318	(2,036)	9,571	3,126
Trading account (loss) profit
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract
Gains (Losses) included in earnings	(3)	(11)	(17)	(20)
Changes in unrealized gains (losses) included in earnings relating to assets still held	$ 1	$ 5	$ 6	$ 9

Fair value measurement - Quanti

Fair value measurement - Quantitative inputs level 3 (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Assets
Mortgage servicing rights	$ 129,877	$ 119,467	$ 121,570	$ 118,395
Other real estate	92,137		85,077
Recurring
Assets
Trading Securities Debt	32,317		29,711
Mortgage servicing rights	129,877		121,570
Contingent consideration	(9,241)		(9,241)
Recurring | CMO
Assets
Trading Securities Debt	203		257
Recurring | Other
Assets
Trading Securities Debt	264		280
Recurring | Level 3
Assets
Trading Securities Debt	416		478
Mortgage servicing rights	129,877		121,570
Contingent consideration	(9,241)		(9,241)
Recurring | Level 3 | Mortgage Servicing Rights
Assets
Mortgage servicing rights		$ 119,467
Recurring | Level 3 | Mortgage Servicing Rights | Discounted cash flow approach | Minimum
Unobservable inputs
Weighted average life (in years)		1 month 6 days
Prepayment speed		0.30%
Discount rate		9.50%
Recurring | Level 3 | Mortgage Servicing Rights | Discounted cash flow approach | Maximum
Unobservable inputs
Weighted average life (in years)		13 years 1 month 6 days
Prepayment speed		33.10%
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 2 months 12 days
Prepayment speed		6%
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	$ 152	$ 250	198
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Minimum
Unobservable inputs
Weighted average life (in years)	3 months 18 days	3 months 18 days
Yield	4.20%	3.60%
Prepayment speed	12%	10.20%
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Maximum
Unobservable inputs
Weighted average life (in years)	9 months 18 days	1 year 2 months 12 days
Yield	4.80%	4.10%
Prepayment speed	16.30%	18.10%
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Weighted Average
Unobservable inputs
Weighted average life (in years)	7 months 6 days	1 year
Yield	4.20%	3.60%
Prepayment speed	12.50%	13.10%
Recurring | Level 3 | Other
Assets
Trading Securities Debt	$ 264	$ 361	$ 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%	12%
Prepayment speed	10.80%	10.80%
Nonrecurring
Assets
Loans	$ 6,694	$ 19,369
Other real estate	2,161	7,942
Nonrecurring | Level 3
Assets
Loans	6,694	19,369
Other real estate	2,161	7,942
Nonrecurring | Level 3 | Loan
Assets
Loans	$ 3,779	$ 18,565
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		10%
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Maximum
Unobservable inputs
Haircut applied on external appraisal		30.50%
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Weighted Average
Unobservable inputs
Haircut applied on external appraisal		11.10%
Nonrecurring | Level 3 | Other real estate owned
Assets
Other real estate	$ 76	$ 6,672
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal
Unobservable inputs
Haircut applied on external appraisal	5%
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal | Minimum
Unobservable inputs
Haircut applied on external appraisal		5%
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal | Maximum
Unobservable inputs
Haircut applied on external appraisal		35%
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal | Weighted Average
Unobservable inputs
Haircut applied on external appraisal		20.30%

Fair value measurement - Additi

Fair value measurement - Additional Information (Details)	6 Months Ended
	Jun. 30, 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	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Financial Assets:
Cash and due from banks	$ 528,590	$ 428,433
Money market investments	9,687,356	17,536,719
Debt securities available-for-sale	26,266,251	24,968,269
Debt securities held-to-maturity	1,656,520	71,365
Equity securities:
Equity securities, at lower of cost or realizable value	175,870	189,977
Loans held in portfolio	29,689,186	28,545,191
Mortgage servicing rights	129,877	121,570	$ 119,467	$ 118,395
Deposits
Time deposits	7,095,522	6,712,149
Deposits	65,327,664	67,005,088
Assets sold under agreements to repurchase	70,925	91,603
Other short-term borrowings	0	75,000
Notes payable:
Notes payable	888,210	988,563
US Treasury Securities
Financial Assets:
Debt securities available-for-sale	18,840,482	15,859,030
Debt securities held-to-maturity	1,588,746
Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	61,790	65,380
Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities available-for-sale	172,784	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	595	128
Carrying amount
Financial Assets:
Cash and due from banks	528,590	428,433
Money market investments	9,687,356	17,536,719
Trading account debt securities, excluding derivatives	32,317	29,711
Debt securities available-for-sale	26,266,251	24,968,269
Debt securities held-to-maturity	1,656,520	71,365
Equity securities:
FHLB stock	49,595	59,918
FRB stock	94,691	96,217
Other investments	31,584	33,842
Equity securities, at lower of cost or realizable value	175,870	189,977
Loans held-for-sale	28,546	59,168
Loans held in portfolio	29,689,186	28,545,191
Mortgage servicing rights	129,877	121,570
Derivatives	17,218	26,093
Deposits
Demand deposits	58,232,142	60,292,939
Time deposits	7,095,522	6,712,149
Deposits	65,327,664	67,005,088
Assets sold under agreements to repurchase	70,925	91,603
Other short-term borrowings		75,000
Notes payable:
FHLB advances	391,429	492,429
Unsecured senior debt securities	298,475	297,842
Junior subordinated deferrable interest debentures (related to trust preferred securities)	198,306	198,292
Notes payable	888,210	988,563
Derivatives	16,173	22,878
Contingent consideration	9,241	9,241
Carrying amount | US Treasury Securities
Financial Assets:
Debt securities held-to-maturity	1,588,746
Carrying amount | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	61,790	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	528,590	428,433
Money market investments	9,687,356	17,536,719
Trading account debt securities, excluding derivatives	32,317	29,711
Debt securities available-for-sale	26,266,251	24,968,269
Debt securities held-to-maturity	1,649,561	83,368
Equity securities:
FHLB stock	49,595	59,918
FRB stock	94,691	96,217
Other investments	32,411	36,210
Equity securities, at lower of cost or realizable value	176,697	192,345
Loans held-for-sale	29,008	59,885
Loans held in portfolio	28,385,203	27,489,583
Mortgage servicing rights	129,877	121,570
Derivatives	17,218	26,093
Deposits
Demand deposits	58,232,142	60,292,939
Time deposits	6,813,156	6,647,301
Deposits	65,045,298	66,940,240
Assets sold under agreements to repurchase	70,991	91,602
Other short-term borrowings		75,000
Notes payable:
FHLB advances	371,908	496,091
Unsecured senior debt securities	305,052	319,296
Junior subordinated deferrable interest debentures (related to trust preferred securities)	197,151	201,879
Notes payable	874,111	1,017,266
Derivatives	16,173	22,878
Contingent consideration	9,241	9,241
Fair Value | US Treasury Securities
Financial Assets:
Debt securities held-to-maturity	1,577,586
Fair Value | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	65,991	77,383
Fair Value | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	24	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	528,590	428,433
Money market investments	9,680,569	17,530,640
Trading account debt securities, excluding derivatives	16,873	6,530
Debt securities available-for-sale	2,019,437	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 | US Treasury Securities
Financial Assets:
Debt securities held-to-maturity	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	6,787	6,079
Trading account debt securities, excluding derivatives	15,028	22,703
Debt securities available-for-sale	24,245,535	24,967,443
Debt securities held-to-maturity	1,583,546	5,960
Equity securities:
FHLB stock	49,595	59,918
FRB stock	94,691	96,217
Other investments	28,214	32,429
Equity securities, at lower of cost or realizable value	172,500	188,564
Loans held-for-sale	0	0
Loans held in portfolio	0	0
Mortgage servicing rights	0	0
Derivatives	17,218	26,093
Deposits
Demand deposits	58,232,142	60,292,939
Time deposits	6,813,156	6,647,301
Deposits	65,045,298	66,940,240
Assets sold under agreements to repurchase	70,991	91,602
Other short-term borrowings		75,000
Notes payable:
FHLB advances	371,908	496,091
Unsecured senior debt securities	305,052	319,296
Junior subordinated deferrable interest debentures (related to trust preferred securities)	197,151	201,879
Notes payable	874,111	1,017,266
Derivatives	16,173	22,878
Contingent consideration	0	0
Fair Value | Level 2 | US Treasury Securities
Financial Assets:
Debt securities held-to-maturity	1,577,586
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	416	478
Debt securities available-for-sale	1,279	826
Debt securities held-to-maturity	66,015	77,408
Equity securities:
FHLB stock	0	0
FRB stock	0	0
Other investments	3,982	3,704
Equity securities, at lower of cost or realizable value	3,982	3,704
Loans held-for-sale	29,008	59,885
Loans held in portfolio	28,385,203	27,489,583
Mortgage servicing rights	129,877	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 | US Treasury Securities
Financial Assets:
Debt securities held-to-maturity	0
Fair Value | Level 3 | Obligations of Puerto Rico, States and political subdivisions
Financial Assets:
Debt securities held-to-maturity	65,991	77,383
Fair Value | Level 3 | Collateralized Mortgage Obligations - Federal agencies
Financial Assets:
Debt securities held-to-maturity	24	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	215	77
Equity securities, at lower of cost or realizable value	215	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 | US Treasury Securities
Financial Assets:
Debt securities held-to-maturity	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	Jun. 30, 2022	Dec. 31, 2021
Letter Of Credit
Commitments and contingencies
Fair Value Disclosure Off balance Sheet Risks Face Amount Asset	$ 33	$ 31
Commitments to extend credit
Commitments and contingencies
Fair Value Disclosure Off balance Sheet Risks Face Amount Asset	$ 10,000	$ 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share, Basic and Diluted [Abstract]
Net income	$ 211,421	$ 218,079	$ 423,107	$ 480,711
Preferred stock dividends	(353)	(353)	(706)	(706)
Net income applicable to common stock	$ 211,068	$ 217,726	$ 422,401	$ 480,005
Average common shares outstanding	76,171,784	81,609,435	77,301,469	82,748,275
Average potential dilutive common shares	115,099	163,354	124,805	140,103
Average common shares outstanding - assuming dilution	76,286,883	81,772,789	77,426,274	82,888,378
Basic EPS	$ 2.77	$ 2.67	$ 5.46	$ 5.80
Diluted EPS	$ 2.77	$ 2.66	$ 5.46	$ 5.79

Net income per common share - A

Net income per common share - Additional Information (Details) - Accelerate share repurchase - USD ($)			2 Months Ended	6 Months Ended
	Sep. 09, 2021	May 03, 2021	Mar. 02, 2022	Jul. 12, 2022	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount					1,564,406
Initial shares received as part of an accelerated share repurchase program		3,785,831	3,483,942		3,483,942
Stock repurchase program authorized amount		$ 350,000,000	$ 400,000,000		$ 400,000,000	$ 350,000,000
Additional common shares repurchased	828,965
Subsequent event
Antidilutive Securities Excluded from Computation of Earnings Per Share
Additional common shares repurchased				1,582,922

Revenue from contracts with c_3

Revenue from contracts with customers - Revenue streams (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Service charges on deposit accounts
Revenue from contract with customer	$ 41,809	$ 40,153	$ 82,522	$ 79,773
BPPR
Revenue from contract with customer	108,795	101,401	210,542	194,805
BPPR | Service charges on deposit accounts
Revenue from contract with customer	38,993	37,377	76,978	74,236
BPPR | Debit card fees
Revenue from contract with customer	12,660	12,213	24,222	23,555
BPPR | Insurance fees, excluding reinsurance
Revenue from contract with customer	9,982	9,835	20,020	18,073
BPPR | Credit card fees excluding late fees and membership fees
Revenue from contract with customer	34,785	29,717	65,007	55,127
BPPR | Sale and administration of investment products
Revenue from contract with customer	6,017	5,970	11,808	11,510
BPPR | Trust fees
Revenue from contract with customer	6,358	6,289	12,507	12,304
Popular U.S.
Revenue from contract with customer	4,723	4,107	9,314	7,960
Popular U.S. | Service charges on deposit accounts
Revenue from contract with customer	2,816	2,776	5,544	5,537
Popular U.S. | Debit card fees
Revenue from contract with customer	222	245	439	480
Popular U.S. | Insurance fees, excluding reinsurance
Revenue from contract with customer	1,374	820	2,696	1,429
Popular U.S. | Credit card fees excluding late fees and membership fees
Revenue from contract with customer	311	266	635	514
Popular U.S. | Sale and administration of investment products
Revenue from contract with customer	0	0	0	0
Popular U.S. | Trust fees
Revenue from contract with customer	$ 0	$ 0	$ 0	$ 0

Revenue from contracts with c_4

Revenue from contracts with customers - Revenue streams - Parenthetical (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Intersegment Transaction
Revenue From Contract With Customer Excluding Assessed Tax	$ 3.5	$ 2	$ 5	$ 2.3

Leases - Future minimum payment

Leases - Future minimum payments (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Operating lease liabilities under Topic 842
Operating leases - 2022	$ 14,676
Operating leases - 2023	27,985
Operating leases - 2024	26,571
Operating leases - 2025	23,644
Operating leases - 2026	15,171
Operating leases - later years	47,965
Operating leases - Total	156,012
Less: Imputed interest	(17,795)
Operating lease liabilities	$ 138,217	$ 154,114
Operating Lease Liability Statement Of Financial Position Extensible List	Other liabilities	Other liabilities
Finance lease liabilities under Topic 842
Finance leases - 2022	$ 2,079
Finance leases - 2023	4,225
Finance leases - 2024	4,323
Finance leases - 2025	4,434
Finance leases - 2026	4,084
Finance leases - later years	9,995
Finance leases - Total	29,140
Less: imputed interest	(3,677)
Finance lease liabilities	$ 25,463	$ 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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Lease Cost [Abstract]
Amortization of ROU assets	$ 686	$ 475	$ 1,445	$ 1,056
Interest on lease liabilities	279	265	587	538
Operating lease cost	7,660	7,150	15,287	14,205
Short-term lease cost	113	88	168	175
Variable lease cost	30	20	53	50
Sublease Income	(10)	(19)	(19)	(38)
Total lease cost	$ 8,758	$ 7,979	$ 17,521	$ 15,986

Leases - Supplemental cash flow

Leases - Supplemental cash flow information and other related information (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating cash flows from operating leases	$ 15,005	$ 22,542
Operating cash flows from finance leases	587	538
Financing cash flows from finance leases	1,592	1,692
ROU assets obtained in exchange for new lease obligations - Operating leases	1,806	2,801
ROU assets obtained in exchange for new lease obligations - Finance leases	$ 556	$ 0
Weighted average remaining lease term - Operating leases	7 years 6 months	8 years 1 month 6 days
Weighted average remaining lease term - Finance leases	8 years 6 months	8 years 8 months 12 days
Weighted average discount rate - Operating leases	2.80%	3%
Weighted average discount rate - Finance leases	4.30%	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, 2021 USD ($)
Branches closure | PB
Lease
Lease termination payment	$ 7.8

Leases - Additional Information

Leases - Additional Information (Details) $ in Millions	6 Months Ended
	Jun. 30, 2022 USD ($)
Leases [Abstract]
Undiscounted contract amount operating leases not yet commenced	$ 17.1
Undiscounted contract amount finance leases not yet commenced	$ 2.2
Minimum
Leases
Remaining lease term of contract	2 months 12 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 6 months
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		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Pension Plans
Personnel costs:
Service cost	$ 0	$ 0	$ 0	$ 0
Other operating expenses
Interest cost	4,800	3,998	9,600	7,996
Expected return on plan assets	(8,847)	(9,670)	(17,694)	(19,341)
Amortization of prior service cost/(credit)	0	0	0	0
Amortization of net loss	3,911	4,720	7,822	9,440
Total net periodic pension cost	(136)	(952)	(272)	(1,905)
OPEB Plan
Personnel costs:
Service cost	121	160	242	320
Other operating expenses
Interest cost	983	893	1,966	1,785
Expected return on plan assets	0	0	0	0
Amortization of prior service cost/(credit)	0	0	0	0
Amortization of net loss	0	469	0	939
Total net periodic pension cost	$ 1,104	$ 1,522	$ 2,208	$ 3,044

Pension and postretirement be_4

Pension and postretirement benefits - Contributions to the benefit plans (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2022
Pension Plans
Defined Benefit Plans and Other Postretirement Benefit Plans
Employer contribution	$ 114
Expected future employer contribution current year		$ 227
OPEB Plan
Defined Benefit Plans and Other Postretirement Benefit Plans
Employer contribution	$ 3,305
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	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Restricted Stock
Non-vested at beginning of period	321,883	358,512
Granted	192,903	191,479
Performance Shares Quantity Adjustment	9,255	54,306
Vested	(234,158)	(273,974)
Forfeited	(295)	(8,440)
Non-vested at end of period	289,588	321,883
Weighted-Average Grant Date Fair Value
Non-vested at beginning of period	$ 47.98	$ 41.23
Granted	84.34	69.38
Performance Shares Quantity Adjustment	55.51	54.21
Vested	67.23	55.11
Forfeited	76.85	43.48
Non-vested at end of period	$ 56.89	$ 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		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 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	23,022	19,010	23,552	19,534	20,638
Vested			(23,552)		(20,638)
Forfeited			0		0
Non-vested at end of period	0		0		0
Weighted-Average Grant Date Fair Value
Non-vested at beginning of period			$ 0	$ 0	$ 0
Granted			77.59		78.20
Vested			77.59		78.20
Forfeited			0		0
Non-vested at end of period	$ 0		$ 0		$ 0

Stock-based compensation - Addi

Stock-based compensation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Executive Officers
Stock-based compensation
Total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management	$ 13,100		$ 13,100
Total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management, period of recognition (in years)			1 year 10 months 24 days
Fair value of stocks vested at grant date			$ 6,900
Fair Market Value of stock vested at vesting date			10,500
Windfall Net Of Shortfall			$ 3,100
Restricted Stock Award | Executive Officers
Stock-based compensation
Stock granted	83,462	66,866	136,046	120,105
Restricted Stock Expense	$ 2,900	$ 2,300	$ 7,500	$ 6,200
Incentive award, tax benefit	$ 700	$ 500	$ 1,200	$ 1,100
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 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) | Directors
Stock-based compensation
Stock granted	23,022	19,010	23,552	19,534	20,638
Restricted Stock Expense	$ 1,800	$ 1,800	$ 1,800	$ 1,800
Incentive award, tax benefit	$ 300	$ 300	300	$ 300
Fair Market Value of stock vested at vesting date			$ 1,800
Performance Based Shares | Minimum
Stock-based compensation
Vested and expected to vest range based on shareholder return	50%		50%
Performance Based Shares | Maximum
Stock-based compensation
Vested and expected to vest range based on shareholder return	150%		150%
Performance Based Shares | Executive Officers
Stock-based compensation
Stock granted	0	0	56,857	71,374
Restricted Stock Expense	$ 300	$ 300	$ 4,000	$ 4,600
Incentive award, tax benefit	$ 12	$ 12	$ 300	$ 500
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.

Income taxes - Differences betw

Income taxes - Differences between income tax expense (benefit) in Puerto Rico (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Amount
Income tax expense	$ 64,212	$ 73,093	$ 114,691	$ 149,924
PR
Amount
Computed income tax at statutory rates	103,362	109,189	201,674	236,488
Net benefit of tax exempt interest income	(41,336)	(36,840)	(77,825)	(71,003)
Deferred tax asset valuation allowance	2,047	5,832	5,938	16,153
Difference in tax rates due to multiple jurisdictions	(6,817)	(4,881)	(13,310)	(15,829)
Effect of income subject to preferential tax rate	(3,097)	(1,405)	(7,042)	(4,734)
Adjustment due to estimate on the annual effective rate	6,939	(405)	559	(10,733)
State and local taxes	3,566	2,530	7,231	2,591
Other	(452)	(927)	(2,534)	(3,009)
Income tax expense	$ 64,212	$ 73,093	$ 114,691	$ 149,924
% of pre-tax income
Computed income tax at statutory rates	38%	38%	38%	38%
Net benefit of tax exempt interest income	(15.00%)	(13.00%)	(15.00%)	(11.00%)
Deferred tax asset valuation allowance	0%	2%	1%	3%
Difference in tax rates due to multiple jurisdictions	(3.00%)	(2.00%)	(3.00%)	(3.00%)
Effect of income subject to preferential tax rate	(1.00%)	(1.00%)	(1.00%)	(1.00%)
Adjustment due to estimate on the annual effective rate	3%	0%	0%	(2.00%)
State and local taxes	1%	1%	1%	0%
Others	0%	0%	0%	0%
Income tax expense	23%	25%	21%	24%

Income taxes - Components of de

Income taxes - Components of deferred tax assets and liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Deferred tax assets:
Tax credits available for carryforward	$ 3,042	$ 3,042
Net operating loss and other carryforward available	772,095	777,495
Postretirement and pension benefits	52,779	57,002
Deferred loan origination fees/cost	21	2,788
Allowance for credit losses	264,407	265,372
Deferred gains		1,642
Accelerated depreciation	12,514	12,668
FDIC-assisted transaction	152,665	152,665
Intercompany deferred gains	2,477
Lease liability	52,119	55,105
Unrealized net gain on trading and available-for-sale securities	212,359
Difference in outside basis from pass-through entities	46,112	54,781
Other temporary differences	41,992	46,930
Total gross deferred tax assets	1,612,582	1,429,490
Deferred tax liabilities:
Indefinite-lived intangibles	131,174	127,785
Unrealized net gain (loss) on trading and available-for-sale securities		7,146
Right of use assets	46,426	49,307
Deferred loan origination fees/cost	5,092	3,567
Other temporary differences	44,574	45,386
Total gross deferred tax liabilities	227,266	233,191
Valuation allowance	568,966	539,527
Net deferred tax asset	816,350	656,772
PR
Deferred tax assets:
Tax credits available for carryforward	261	261
Net operating loss and other carryforward available	119,891	112,331
Postretirement and pension benefits	52,779	57,002
Deferred loan origination fees/cost	21	2,788
Allowance for credit losses	233,382	233,500
Deferred gains		1,642
Accelerated depreciation	5,246	5,246
FDIC-assisted transaction	152,665	152,665
Intercompany deferred gains	2,477
Lease liability	30,152	31,211
Unrealized net gain on trading and available-for-sale securities	196,221
Difference in outside basis from pass-through entities	46,112	54,781
Other temporary differences	33,701	38,512
Total gross deferred tax assets	872,908	689,939
Deferred tax liabilities:
Indefinite-lived intangibles	78,300	76,635
Unrealized net gain (loss) on trading and available-for-sale securities		4,329
Right of use assets	27,927	29,025
Deferred loan origination fees/cost	1,431	0
Other temporary differences	43,044	43,856
Total gross deferred tax liabilities	150,702	153,845
Valuation allowance	134,495	128,557
Net deferred tax asset	587,711	407,537
US
Deferred tax assets:
Tax credits available for carryforward	2,781	2,781
Net operating loss and other carryforward available	652,204	665,164
Postretirement and pension benefits	0	0
Deferred loan origination fees/cost	0	0
Allowance for credit losses	31,025	31,872
Deferred gains		0
Accelerated depreciation	7,268	7,422
FDIC-assisted transaction	0	0
Intercompany deferred gains	0
Lease liability	21,967	23,894
Unrealized net gain on trading and available-for-sale securities	16,138
Difference in outside basis from pass-through entities	0	0
Other temporary differences	8,291	8,418
Total gross deferred tax assets	739,674	739,551
Deferred tax liabilities:
Indefinite-lived intangibles	52,874	51,150
Unrealized net gain (loss) on trading and available-for-sale securities		2,817
Right of use assets	18,499	20,282
Deferred loan origination fees/cost	3,661	3,567
Other temporary differences	1,530	1,530
Total gross deferred tax liabilities	76,564	79,346
Valuation allowance	434,471	410,970
Net deferred tax asset	$ 228,639	$ 249,235

Income taxes - Reconciliation o

Income taxes - Reconciliation of unrecognized tax benefits (Details) - USD ($) $ in Millions	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021
Income Tax Disclosure
Beginning Balance	$ 3.5	$ 3.5	$ 14.8	$ 14.8	$ 14.8
Ending Balance	$ 3.5	$ 3.5	$ 3.5	$ 14.8	$ 14.8

Income taxes - Additional Infor

Income taxes - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Taxes
Valuation allowance	$ 568,966,000		$ 568,966,000		$ 539,527,000
Net deferred tax assets (net of valuation allowance)	817,867,000		817,867,000		657,597,000
Net deferred tax asset	816,350,000		816,350,000		656,772,000
Unrecognized tax benefits, accrued interest	2,900,000		2,900,000		2,800,000
Recognized Tax Benefits Current Interest On Income Taxes Accrued			165,000	$ 727,000
Accrual for the payment of penalties	0		0		0
Total amount of unrecognized tax benefits, that if recognized, would affect effective tax rate	5,700,000		5,700,000		5,500,000
Anticipated reduction in the total amount of unrecognized tax benefits within the next 12 months	1,500,000		1,500,000
Income tax expense	64,212,000	$ 73,093,000	114,691,000	149,924,000
Other assets
Income Taxes
Net deferred tax assets (net of valuation allowance)	800,000,000		800,000,000		700,000,000
Other liabilities
Income Taxes
Net deferred tax liabilities	1,500,000		1,500,000		825,000
Popular, Inc Holding Co
Income Taxes
Valuation allowance	134,000,000		134,000,000
PR
Income Taxes
Valuation allowance	134,495,000		134,495,000		128,557,000
Net deferred tax asset	587,711,000		587,711,000		407,537,000
Income tax expense	64,212,000	$ 73,093,000	114,691,000	$ 149,924,000
US
Income Taxes
Valuation allowance	434,471,000		434,471,000		410,970,000
Net deferred tax asset	228,639,000		228,639,000		$ 249,235,000
Deferred Tax Assets	$ 663,000,000		$ 663,000,000

Supplemental disclosure on th_3

Supplemental disclosure on the consolidated statments of cash flows - Non-cash activities (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Non-cash activities:
Loans transferred to other real estate	$ 37,434	$ 22,012
Loans transferred to other property	25,836	22,450
Total loans transferred to foreclosed assets	63,270	44,462
Loans transfered to other assets	4,183	2,846
Financed sales of other real estate assets	4,282	7,329
Financed sales of other foreclosed assets	20,466	21,398
Total financed sales of foreclosed assets	24,748	28,727
Financed sale of premises and equipment	19,745	8,502
Transfers from premises and equipment to long-lived assets held-for-sale	440	26,222
Transfers from loans held-in-portfolio to loans held-for-sale	9,199	47,227
Transfers from loans held-for-sale to loans held-in-portfolio	5,773	1,886
Loans securitized into investment securities	258,998	381,053
Trades receivables from brokers and counterparties	44,474	78,007
Trades payable to brokers and counterparties	10,313	12,400
Receivables from investments maturities	0	50,000
Recognition of mortgage servicing rights on securitizations or asset transfers	5,032	6,809
Loans booked under the GNMA buy-back option	5,544	19,669
Capitalization of lease right of use asset	$ 4,510	$ 4,567

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	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Supplemental Cash Flow Information
Cash and due from banks	$ 476,768		$ 524,083
Restricted cash and due from banks	51,822		6,766
Restricted cash in money market investments	6,787		5,997
Total cash and due from banks, and restricted cash	$ 535,377	$ 434,512	$ 536,846	$ 497,094

Segment reporting - Results of

Segment reporting - Results of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Segment Reporting Information
Net Interest income (expense)	$ 533,862	$ 487,802	$ 1,028,174	$ 966,914
Provision for credit losses (benefit)	9,362	(17,015)	(6,138)	(99,241)
Non-interest Income	157,411	154,540	312,103	308,193
Amortization of intangibles	795	1,255	1,686	2,306
Depreciation expense	13,724	13,670	27,354	28,408
Other operating expenses	391,759	353,260	779,577	712,999
Income tax expense (benefit)	64,212	73,093	114,691	149,924
Net income	211,421	218,079	423,107	480,711
Segment assets	71,501,931	72,657,293	71,501,931	72,657,293	$ 75,097,899
Reportable Segment
Segment Reporting Information
Net Interest income (expense)	541,226	497,944	1,042,916	987,438
Provision for credit losses (benefit)	9,406	(17,186)	(6,303)	(99,267)
Non-interest Income	149,160	141,182	290,839	281,918
Amortization of intangibles	795	1,027	1,686	2,054
Depreciation expense	13,430	13,405	26,771	27,876
Other operating expenses	393,754	356,060	782,135	716,038
Income tax expense (benefit)	65,285	73,777	116,193	150,625
Net income	207,716	212,043	413,273	472,030
Segment assets	71,084,449	72,277,939	71,084,449	72,277,939
Intersegment Elimination
Segment Reporting Information
Net Interest income (expense)	1	1	2	3
Provision for credit losses (benefit)	0	0	0	0
Non-interest Income	(136)	(137)	(273)	(275)
Amortization of intangibles	0	0	0	0
Depreciation expense	0	0	0	0
Other operating expenses	(136)	(136)	(272)	(272)
Income tax expense (benefit)	0	0	0	0
Net income	1	0	1	0
Segment assets	(172,039)	(23,954)	(172,039)	(23,954)
Corporate
Segment Reporting Information
Net Interest income (expense)	(7,364)	(10,142)	(14,742)	(20,524)
Provision for credit losses (benefit)	(44)	171	165	26
Non-interest Income	11,567	15,274	25,832	28,424
Amortization of intangibles	0	228	0	252
Depreciation expense	294	265	583	532
Other operating expenses	(547)	(1,852)	(103)	(1,182)
Income tax expense (benefit)	(335)	(313)	(667)	(646)
Net income	4,835	6,633	11,112	8,918
Segment assets	5,456,518	5,407,659	5,456,518	5,407,659
Eliminations
Segment Reporting Information
Net Interest income (expense)	0	0	0	0
Provision for credit losses (benefit)	0	0	0	0
Non-interest Income	(3,316)	(1,916)	(4,568)	(2,149)
Amortization of intangibles	0	0	0	0
Depreciation expense	0	0	0	0
Other operating expenses	(1,448)	(948)	(2,455)	(1,857)
Income tax expense (benefit)	(738)	(371)	(835)	(55)
Net income	(1,130)	(597)	(1,278)	(237)
Segment assets	(5,039,036)	(5,028,305)	(5,039,036)	(5,028,305)
Banco Popular de Puerto Rico | Reportable Segment
Segment Reporting Information
Net Interest income (expense)	447,794	419,200	862,963	829,523
Provision for credit losses (benefit)	8,818	(22,042)	(4,872)	(67,403)
Non-interest Income	144,377	136,052	280,239	271,260
Amortization of intangibles	485	860	969	1,721
Depreciation expense	11,675	11,808	23,192	23,951
Other operating expenses	337,979	307,663	672,857	614,583
Income tax expense (benefit)	53,588	63,614	92,904	122,427
Net income	179,626	193,349	358,152	405,504
Segment assets	60,435,535	62,104,522	60,435,535	62,104,522
PB | Reportable Segment
Segment Reporting Information
Net Interest income (expense)	93,431	78,743	179,951	157,912
Provision for credit losses (benefit)	588	4,856	(1,431)	(31,864)
Non-interest Income	4,919	5,267	10,873	10,933
Amortization of intangibles	310	167	717	333
Depreciation expense	1,755	1,597	3,579	3,925
Other operating expenses	55,911	48,533	109,550	101,727
Income tax expense (benefit)	11,697	10,163	23,289	28,198
Net income	28,089	18,694	55,120	66,526
Segment assets	$ 10,820,953	$ 10,197,371	$ 10,820,953	$ 10,197,371

Segment reporting - Geographic

Segment reporting - Geographic information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information
Net Revenue	$ 691,273	$ 642,342	$ 1,340,277	$ 1,275,107
PR
Segment Reporting Information
Net Revenue	560,635	529,143	1,088,308	1,047,852
US
Segment Reporting Information
Net Revenue	111,369	95,276	214,543	191,288
Other
Segment Reporting Information
Net Revenue	$ 19,269	$ 17,923	$ 37,426	$ 35,967

Segment reporting - Selected Ba

Segment reporting - Selected Balance Sheet information (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021
Segment Reporting Information
Assets	$ 71,501,931	$ 75,097,899	$ 72,657,293
Deposits	65,327,664	67,005,088
Puerto Rico
Segment Reporting Information
Assets	58,506,196	63,221,282
Loans	20,177,693	19,770,118
Deposits	55,140,193	57,211,608
Popular U.S.
Segment Reporting Information
Assets	11,651,798	10,986,055
Loans	9,652,668	8,903,493
Deposits	8,131,590	7,777,232
Other
Segment Reporting Information
Assets	1,343,937	890,562
Loans	569,121	626,115
Deposits	$ 2,055,881	$ 2,016,248

Segment Reporting - Additional

Segment Reporting - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) units	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
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	$ 691,273	$ 642,342	$ 1,340,277	$ 1,275,107
Assets	71,501,931	72,657,293	71,501,931	72,657,293	$ 75,097,899
US
Segment Reporting Information
Net Revenue	111,369	95,276	214,543	191,288
Assets	11,651,798		11,651,798		10,986,055
Other
Segment Reporting Information
Net Revenue	19,269	17,923	37,426	35,967
Assets	1,343,937		1,343,937		890,562
Banco Popular de Puerto Rico | US
Segment Reporting Information
Net Revenue			26,100	$ 25,500
Assets	831,000		$ 831,000		$ 595,000
Banco Popular de Puerto Rico | Other
Segment Reporting Information
Net Revenue	$ 23,000	$ 23,400

Subsequent events- Additional I

Subsequent events- Additional Information (Details) - USD ($)		6 Months Ended
	Sep. 09, 2021	Jul. 12, 2022	Jul. 01, 2022	Jun. 30, 2022	Mar. 02, 2022	Dec. 31, 2021	Jun. 30, 2021	May 03, 2021
Subsequent Events
Identifiable intangible assets				$ 700,000		$ 700,000
EVERTEC Inc.
Subsequent Events
Business acquisition, ownership percentage				16.30%
Accelerate share repurchase
Subsequent Events
Accelerated share repurchases price paid per share	$ 75.8430
Common shares attributable to ASR	4,614,796
Stock repurchase program authorized amount				$ 400,000,000	$ 400,000,000		$ 350,000,000	$ 350,000,000
EVERTEC Assets | Service agreement | EVERTEC Inc.
Subsequent Events
Business acquisition, ownership percentage				16.30%
Evertec stock price at period end				$ 36.88
Subsequent event | Accelerate share repurchase
Subsequent Events
Accelerated share repurchases price paid per share		$ 78.9443
Common shares attributable to ASR		5,066,864
Subsequent event | EVERTEC Assets | Service agreement | EVERTEC Inc.
Subsequent Events
Business acquisition, ownership percentage			10.60%
Business acquisition, aggregated equity value			$ 169,000,000
Gain on shares sold to acquiree			$ 112,000,000
Common stock shares deliver to Evertec as consideration			4,589,169
Percent of maximum voting interest			4.50%
Portion of the consideration recorded as expense			$ 24,000,000
Identifiable intangible assets			$ 145,000,000