Cover Page
Cover Page - shares | 3 Months Ended | |
Mar. 31, 2023 | May 08, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document quarterly report | true | |
Document Transition Report | false | |
Document Period End Date | Mar. 31, 2023 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q1 | |
Entity File Number | 001-34084 | |
Entity Registrant Name | POPULAR, INC. | |
Entity Incorporation State Country Code | PR | |
Entity Tax Identification Number | 66-0667416 | |
Entity Address Address Line 1 | Popular Center Building | |
Entity Address Address Line 2 | 209 Muñoz Rivera Avenue | |
Entity Address City Or Town | Hato Rey | |
Entity Address Country | PR | |
Entity Address Postal Zip Code | 00918 | |
City Area Code | 787 | |
Local Phone Number | 765-9800 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock Shares Outstanding | 71,974,054 | |
Entity Central Index Key | 0000763901 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Common Stock | ||
Entity Listings [Line Items] | ||
Security 12b Title | Common Stock ($0.01 par value) | |
Trading Symbol | BPOP | |
Security Exchange Name | NASDAQ | |
Cumulative Preferred Stock 6.125% | ||
Entity Listings [Line Items] | ||
Security 12b Title | 6.125% Cumulative Monthly Income Trust Preferred Securities | |
Trading Symbol | BPOPM | |
Security Exchange Name | NASDAQ |
CONSOLIDATED STATEMENTS OF COND
CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Assets: | ||
Cash and due from banks | $ 462,013 | $ 469,501 |
Money market investments: | ||
Time deposits with other banks | 6,098,288 | 5,614,595 |
Total money market investments | 6,098,288 | 5,614,595 |
Trading account debt securities, at fair value: | ||
Other trading account debt securities | 29,839 | 27,723 |
Debt securities available-for-sale, at fair value: | ||
Pledged securities with creditors' right to repledge | 106,094 | 129,203 |
Other debt securities available-for-sale | 17,067,034 | 17,675,171 |
Debt securities held-to-maturity, at amortized cost: | ||
Pledged securities with creditors' right to repledge | 26,676 | 26,496 |
Other held to maturities securities | 8,536,376 | 8,498,870 |
Debt securities held-to-maturity (fair value 2023 - $8,597,920; 2022 - $8,440,196) | 8,563,052 | 8,525,366 |
Less - Allowance for credit losses | 6,792 | 6,911 |
Debt securities held-to-maturity, net | 8,556,260 | 8,518,455 |
Equity securities (realizable value 2023 - $186,744; 2022 - $196,665) | 185,917 | 195,854 |
Loans held-for-sale, at fair value | 11,181 | 5,381 |
Loans held-in-portfolio | 32,645,023 | 32,372,925 |
Less - Unearned income | 306,650 | 295,156 |
Allowance for credit losses | 689,120 | 720,302 |
Total loans held-in-portfolio, net | 31,649,253 | 31,357,467 |
Premises and equipment, net | 508,007 | 498,711 |
Other real estate | 91,721 | 89,126 |
Accrued income receivable | 239,815 | 240,195 |
Mortgage servicing rights, at fair value | 127,475 | 128,350 |
Other assets | 1,703,285 | 1,847,813 |
Goodwill | 827,428 | 827,428 |
Other intangible assets | 12,149 | 12,944 |
Total assets | 67,675,759 | 67,637,917 |
Deposits: | ||
Non-interest bearing | 15,940,850 | 15,960,557 |
Interest bearing | 45,013,038 | 45,266,670 |
Total deposits | 60,953,888 | 61,227,227 |
Assets sold under agreements to repurchase | 123,499 | 148,609 |
Other short-term borrowings | 0 | 365,000 |
Notes payable | 1,279,127 | 886,710 |
Other liabilities | 848,520 | 916,946 |
Total liabilities | 63,205,034 | 63,544,492 |
Commitments and contingencies | ||
Stockholders' equity: | ||
Preferred stock, 30,000,000 shares authorized; 885,726 shares issued and outstanding (2022 - 885,726) | 22,143 | 22,143 |
Common stock, $0.01 par value; 170,000,000 shares authorized;104,683,010 shares issued (2022 - 104,657,522) and 71,965,984 shares outstanding (2022 - 71,853,720) | 1,047 | 1,047 |
Surplus | 4,792,619 | 4,790,993 |
Retained earnings | 3,982,140 | 3,834,348 |
Treasury stock - at cost, 32,717,026 shares (2022 - 32,803,802) | (2,025,399) | (2,030,178) |
Accumulated other comprehensive loss, net of tax | (2,301,825) | (2,524,928) |
Total stockholders' equity | 4,470,725 | 4,093,425 |
Total liabilities and stockholders' equity | $ 67,675,759 | $ 67,637,917 |
CONSOLIDATED STATEMENTS OF CO_2
CONSOLIDATED STATEMENTS OF CONDITION (PARENTHETICAL) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Held to maturity securities fair value | $ 8,597,920 | $ 8,440,196 |
Realizable Value Of Equity Securities | $ 186,744 | $ 196,665 |
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 | 104,683,010 | 104,657,522 |
Common Stock Shares Outstanding | 71,965,984 | 71,853,720 |
Treasury stock | 32,717,026 | 32,803,802 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Interest income: | ||
Loans | $ 541,210 | $ 426,791 |
Money market investments | 65,724 | 6,464 |
Investment securities | 132,088 | 96,466 |
Total interest income | 739,022 | 529,721 |
Interest expense: | ||
Deposits | 193,215 | 24,783 |
Short-term borrowings | 2,885 | 80 |
Long-term debt | 11,266 | 10,546 |
Total interest expense | 207,366 | 35,409 |
Net interest income | 531,656 | 494,312 |
Provision for credit losses (benefit) | 47,637 | (15,500) |
Net interest income after provision for credit losses (benefit) | 484,019 | 509,812 |
Mortgage banking activities | 7,400 | 12,865 |
Net gain (loss), including impairment on equity securities | 1,100 | (2,094) |
Net gain (loss) on trading account debt securities | 378 | (723) |
Adjustments to indemnity reserves on loans sold | 612 | (745) |
Other operating income | 27,717 | 27,542 |
Total non-interest income | 161,961 | 154,692 |
Operating expenses: | ||
Personnel costs | 198,760 | 166,996 |
Net occupancy expenses | 26,039 | 24,723 |
Equipment expenses | 8,412 | 8,389 |
Other taxes | 16,291 | 15,715 |
Professional fees | 33,431 | 36,792 |
Technology and software expenses | 68,559 | 70,535 |
Processing and transactional services | 33,909 | 30,953 |
Communications | 4,088 | 3,673 |
Business promotion | 18,871 | 15,083 |
FDIC deposit insurance | 8,865 | 7,372 |
Other real estate owned (OREO) income | (1,694) | (2,713) |
Other operating expenses | 24,361 | 23,930 |
Amortization of intangibles | 795 | 891 |
Total operating expenses | 440,687 | 402,339 |
Income before income tax | 205,293 | 262,165 |
Income tax expense | 46,314 | 50,479 |
Net Income | 158,979 | 211,686 |
Net Income Applicable to Common Stock | $ 158,626 | $ 211,333 |
Net Income per Common Share - Basic | $ 2.22 | $ 2.69 |
Net Income per Common Share - Diluted | $ 2.22 | $ 2.69 |
Service charges on deposit accounts | ||
Interest expense: | ||
Revenue from contract with customer | $ 34,678 | $ 40,713 |
Other services | ||
Interest expense: | ||
Revenue from contract with customer | $ 90,076 | $ 77,134 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Statement of Income and Comprehensive Income | ||
Net income | $ 158,979 | $ 211,686 |
Other comprehensive (loss) income before tax: | ||
Foreign currency translation adjustment | (5,245) | (2,858) |
Adjustment of pension and postretirement benefit plans | 0 | 2,030 |
Amortization of net losses of pension and postretirement benefit plans | 4,813 | 3,911 |
Unrealized holding gains (losses) on debt securities arising during the period | 213,318 | (1,219,023) |
Amortization of unrealized losses of debt securities transfer from available-for-sale to held-to-maturity | 42,040 | 0 |
Unrealized net (losses) gains on cash flow hedges | (30) | 3,888 |
Reclassification adjustment for net gains included in net income | (41) | (699) |
Other comprehensive income (loss) before tax | 254,855 | (1,212,751) |
Income tax (expense) benefit | (31,752) | 140,582 |
Total other comprehensive income (loss), net of tax | 223,103 | (1,072,169) |
Comprehensive income (loss), net of tax | $ 382,082 | $ (860,483) |
TAX EFFECT ALLOCATED TO EACH CO
TAX EFFECT ALLOCATED TO EACH COMPONENT OF OTHER COMPREHENSIVE LOSS - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Statement of Income and Comprehensive Income | ||
Adjustment of pension and postretirement benefit plans | $ 0 | $ (761) |
Amortization of net losses of pension and postretirement benefit plans | (1,805) | (1,467) |
Unrealized holding gains (losses) on debt securities arising during the period | (21,566) | 143,193 |
Amortization of unrealized losses of debt securities transfer from available-for-sale to held-to-maturity | (8,407) | 0 |
Unrealized net (losses) gains on cash flow hedges | 11 | (749) |
Reclassification adjustment for net gains included in net income | 15 | 366 |
Income tax (expense) benefit | $ (31,752) | $ 140,582 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Cumulative effect adoption adjustment | Common Stock | Preferred Stock | Capital surplus | Retained earnings | Retained earnings Cumulative effect adoption adjustment | Treasury stock | Accumulated other comprehensive income (loss) | |
Beginning balance at Dec. 31, 2021 | $ 5,969,397 | $ 1,046 | $ 22,143 | $ 4,650,182 | $ 2,973,745 | $ (1,352,650) | $ (325,069) | |||
Increase Decrease In Stockholders Equity | ||||||||||
Net income | 211,686 | 211,686 | ||||||||
Issuance of stock | 1,199 | 0 | 1,199 | |||||||
Dividends declared: | ||||||||||
Common stock | [1] | (42,074) | (42,074) | |||||||
Preferred stock | (353) | (353) | ||||||||
Common stock purchases | [2] | (404,920) | (80,000) | (324,920) | ||||||
Stock based compensation | 8,480 | (270) | 8,750 | |||||||
Other comprehensive (loss) income, net of tax | (1,072,169) | (1,072,169) | ||||||||
Ending balance at Mar. 31, 2022 | 4,671,246 | 1,046 | 22,143 | 4,571,111 | 3,143,004 | (1,668,820) | (1,397,238) | |||
Beginning balance at Dec. 31, 2022 | 4,093,425 | 1,047 | 22,143 | 4,790,993 | 3,834,348 | (2,030,178) | (2,524,928) | |||
Increase Decrease In Stockholders Equity | ||||||||||
Net income | 158,979 | 158,979 | ||||||||
Issuance of stock | 1,567 | 1,567 | ||||||||
Dividends declared: | ||||||||||
Common stock | (39,586) | (39,586) | ||||||||
Preferred stock | (353) | (353) | ||||||||
Common stock purchases | (2,970) | 0 | (2,970) | |||||||
Stock based compensation | 7,808 | 59 | 7,749 | |||||||
Other comprehensive (loss) income, net of tax | 223,103 | 223,103 | ||||||||
Ending balance at Mar. 31, 2023 | $ 4,470,725 | $ 28,752 | $ 1,047 | $ 22,143 | $ 4,792,619 | $ 3,982,140 | $ 28,752 | $ (2,025,399) | $ (2,301,825) | |
[1] Dividends declared per common share during the quarter 0.55 0.55 ). During the quarter 400 its common stock, which was accounted for as a treasury |
CONSOLIDATED STATEMENTS OF CH_2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Millions | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Feb. 28, 2022 | |
Dividends Declared per Common Share | $ 0.55 | $ 0.55 | |
Accelerate share repurchase | |||
Stock repurchase program authorized amount | $ 400 |
DISCLOSURE OF CHANGES IN NUMBER
DISCLOSURE OF CHANGES IN NUMBER OF SHARES - shares | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
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 | 104,657,522 | 104,579,334 |
Issuance of stock | 25,488 | 15,460 |
Common stock - balance at end of period | 104,683,010 | 104,594,794 |
Treasury stock | (32,717,026) | (28,107,271) |
Common stock shares outstanding | 71,965,984 | 76,487,523 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Cash flows from operating activities: | ||
Net income | $ 158,979 | $ 211,686 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for credit losses (benefit) | 47,637 | (15,500) |
Amortization of intangibles | 795 | 891 |
Depreciation and amortization of premises and equipment | 13,842 | 13,630 |
Net accretion of discounts and amortization of premiums and deferred fees | (2,276) | 15,843 |
Interest capitalized on loans subject to the temporary payment moratorium or loss mitigation alternatives | (2,876) | (3,416) |
Share-based compensation | 7,873 | 8,276 |
Fair value adjustments on mortgage servicing rights | 1,376 | (1,017) |
Adjustments to indemnity reserves on loans sold | (612) | 745 |
Earnings from investments under the equity method, net of dividends or distributions | (8,621) | (15,099) |
Deferred income tax (benefit) expense | (2,064) | 22,129 |
(Gain) loss on: | ||
Disposition of premises and equipment and other productive assets | (2,423) | (2,363) |
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities | (264) | 1,534 |
Sale of foreclosed assets, including write-downs | (5,228) | (7,566) |
Acquisitions of loans held-for-sale | (2,861) | (55,134) |
Proceeds from sale of loans held-for-sale | 9,148 | 19,739 |
Net originations on loans held-for-sale | (21,790) | (98,356) |
Net (increase) decrease in: | ||
Trading debt securities | (1,055) | 136,941 |
Equity securities | (3,731) | (111) |
Accrued income receivable | 314 | (1,379) |
Other assets | 25,072 | 4,068 |
Net (decrease) increase in: | ||
Interest payable | (2,846) | (7,106) |
Pension and other postretirement benefits obligation | 4,038 | (196) |
Other liabilities | (59,381) | (31,053) |
Total adjustments | (5,933) | (14,500) |
Net cash provided by operating activities | 153,046 | 197,186 |
Cash flows from investing activities: | ||
Net (increase) decrease in money market investments | (483,178) | 7,467,248 |
Purchases of investment securities: | ||
Available-for-sale | (3,960,443) | (5,747,659) |
Equity | (11,927) | (845) |
Proceeds from calls, paydowns, maturities and redemptions of investment securities: | ||
Available-for-sale | 4,909,334 | 3,109,090 |
Held-to-maturity | 3,818 | 4,114 |
Proceeds from sale of investment securities: | ||
Equity | 25,595 | 4,585 |
Net disbursements on loans | (155,538) | (236,365) |
Proceeds from sale of loans | 3,276 | 752 |
Acquisition of loan portfolios | (145,735) | (119,479) |
Return of capital from equity method investments | 249 | 0 |
Acquisition of premises and equipment | (36,062) | (15,205) |
Proceeds from sale of: | ||
Premises and equipment and other productive assets | 1,972 | 578 |
Foreclosed assets | 21,417 | 23,631 |
Net cash provided by investing activities | 172,778 | 4,490,445 |
Net decrease in: | ||
Deposits | (293,780) | (4,141,068) |
Assets sold under agreements to repurchase | (25,110) | (18,784) |
Other short-term borrowings | (365,000) | (75,000) |
Payment of notes payable | (1,000) | (1,000) |
Principal payments of finance leases | (804) | (833) |
Proceeds from issuance of notes payable | 394,178 | 0 |
Proceeds from issuance of common stock | 1,567 | 1,199 |
Dividends paid | (39,878) | (36,289) |
Net payments for repurchase of common stock | (282) | (400,604) |
Payments related to tax witholding for share-based compensation | (2,688) | (4,316) |
Net cash used in financing activities | (332,797) | (4,676,695) |
Net (decrease) increase in cash and due from banks, and restricted cash | (6,973) | 10,936 |
Cash and due from banks and restricted cash at beginning of period | 476,159 | 434,512 |
Cash and due from banks and restricted cash at end of period | $ 469,186 | $ 445,448 |
Nature of operations
Nature of operations | 3 Months Ended |
Mar. 31, 2023 | |
Nature of operation [Abstract] | |
Nature of operations | Note 1 – Nature of Operations Nature of Operations Popular, and mainland United and investment subsidiaries. In leasing branches located in New York, New Jersey, and Florida. |
Basis of presentation
Basis of presentation | 3 Months Ended |
Mar. 31, 2023 | |
Basis of presentation [Abstract] | |
Basis Of Accounting | 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 opinion normal recurring nature, for a fair statement of Certain principles statements statements should be read in conjunction December 31, 2022, included indicative of the results that may be expected for The Corporation embarked on a of 2022. The needs and expectations of Corporation to technology and business transformation will be As implement agile and the transformation initiative and to better portray the level of technology effective processing related expenses as standalone expense categories in the were no related disclosures have been reclassified to conform The following table provides the detail of 31-Mar-22 Financial statement line item As reported Adjustments Adjusted Equipment expenses $ 23,479 $ (15,090) $ 8,389 Professional services 108,497 (71,705) 36,792 Technology and - 70,535 70,535 Processing and transactional services - 30,953 30,953 Communications 6,147 (2,474) 3,673 Other expenses 36,149 (12,219) 23,930 Net effect on operating expenses $ 174,272 $ - $ 174,272 Use of Estimates in the Preparation of Financial Statements The preparation of financial requires management to make assets reporting period. Actual results could differ from those estimates. |
New accounting pronouncements
New accounting pronouncements | 3 Months Ended |
Mar. 31, 2023 | |
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 2022-05, Financial Services - Insurance (Topic 944) Transition for Sold Contracts The December 2022, which entity to make of (LDTI) transition guidance by-transaction been disposal significant derecognized contract. January 1, 2023 The the the not (LDTI). FASB ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations The September 2022, which requires to disclose information finance purchase of goods and services. January 1, 2023 The the the not use supplier finance programs. FASB ASU 2022-02, Financial Instruments— Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures The 2022, guidance (“TDRs”) in Troubled and refinancing determine whether a new loan. disclosure refinancing when difficulty disclosure current-period origination for financing investments in leases. January 1, 2023 The Corporation adopted ASU during adoption enhanced disclosure for to and charge Corporation be the under removal of for guidance eliminated measure from Corporation flow discontinuing the use of the DCF model to a losses 46 related modifications reduction and of increase modification. For related measurement of TDRs, the Corporation has retrospective approach for the of presented $ 29 beginning balance on January 1, 2023. Recently Adopted Accounting Standards Updates Standard Description Date of adoption Effect on the financial statements FASB ASU 2022-01, Derivatives and Hedging (Topic 815) – Fair Value Hedging—Portfolio Layer Method The 2022, allowing also hedged This fair closed prepayable considering when measuring those assets. January 1, 2023 The the adoption of ASU 2022-01 during the first hold value hedges. FASB ASU 2021-08, Business Combinations (Topic 805) – Accounting for Contract Assets and Contract Liabilities from Contracts with Customers The FASB 2021, requiring liabilities arising customers with ASC instead of fair value. January 1, 2023 The the adoption of ASU 2021-08 during the first consider contracts with customers recognized as part into on or after the effective date. Accounting Standards Updates Not Yet Adopted Standard Description Date of adoption Effect on the financial statements FASB ASU 2023-02, Investments—Equity Method and Joint Ventures (Topic 323) - Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method The 2023, permitting proportional amortization method to account for income low-income-housing structures certain eliminates 323-740 accounted amortization the use of other guidance. January 1, 2024 The Corporation the guidance statements disclosures. FASB ASU 2023-01, Leases (Topic 842), Lessors – Common Control Arrangements The 2023, requires improvements control leasehold control group as long the lease. companies improvements control leases as a transfer between entities under adjustments lessee underlying asset. January 1, 2024 The Corporation the guidance statements disclosures. For other recently issued Accounting Standards included in the 2022 Form 10-K. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies | |
Summary of significant accounting policies | Note 4 – Summary of significant accounting The principles generally accepted description of the significant accounting and In connection with the implementation of the Accounting Standards Update (“ASU”) 2022-02, the Corporation has modified its policy related to principle of allowance for credit losses in connection with A conditions exist: the loan, a payment extension, a forgiveness of principal, or a more-than-insignificant payment delay. Determination that a borrower is experiencing difficulties is critical in the determination of the adequacy The experiencing financial difficulties. The Corporation applied a modified retrospective transition method for the implementation of ASU 2022-02 which of approximately $ 46 29 retained earnings. A loan modified non-accrual status until the borrower has demonstrated a willingness months of sustained performance after the modification (or one year for loans providing for quarterly or semi-annual payments)) and management has concluded that it is probable Refer Corporation’s determination of the ACL. Refer below for changes in accounting policies due Loans Effective on January 1, 2023, earnings. aggregate and sales participants’ views. Derivative instruments Effective on the reclassified to net changes in the fair contracts to hedge the for the delayed delivery of securities, which the seller agrees to deliver on a specified future forward contracts are hedging a forecasted transaction Based Corporation discontinued changes in the fair value of the forward |
Restrictions on cash and due fr
Restrictions on cash and due from banks and certain securities | 3 Months Ended |
Mar. 31, 2023 | |
Restricted cash and investment [Abstract] | |
Restricted On Cash And Due From Banks And Certain Securities | Note 5 - Restrictions on cash and due from BPPR is “Fed”) or other banks. 2.8 $ 2.8 balances. At March 31, 72 debt 80 securities available for sale and equity securities consist primarily of assets and fund deposits guaranteeing possible liens or encumbrances |
Debt securities available-for-s
Debt securities available-for-sale | 3 Months Ended |
Mar. 31, 2023 | |
Debt securities available-for-sale | |
Schedule of Available-for-sale Securities [Line Items] | |
Investments in debt and marketable equity securities | Note 6 – Debt securities available-for-sale The following tables present and contractual maturities of debt securities available-for-sale At March 31, 2023 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 4,724,780 $ 622 $ 50,140 $ 4,675,262 2.69 % After 1 to 5 years 5,991,694 43 308,049 5,683,688 1.33 After 5 to 10 years 308,525 - 32,728 275,797 1.63 Total U.S. Treasury 11,024,999 665 390,917 10,634,747 1.92 Collateralized mortgage obligations - federal agencies After 1 to 5 years 13,109 - 733 12,376 1.58 After 5 to 10 years 34,671 - 2,230 32,441 1.80 After 10 years 123,200 34 9,279 113,955 2.56 Total collateralized 170,980 34 12,242 158,772 2.33 Mortgage-backed securities Within 1 year 460 - 3 457 3.37 After 1 to 5 years 71,211 14 2,721 68,504 2.36 After 5 to 10 years 837,061 47 52,682 784,426 2.19 After 10 years 6,610,019 1,220 1,086,066 5,525,173 1.63 Total mortgage-backed 7,518,751 1,281 1,141,472 6,378,560 1.70 Other After 1 to 5 years 1,049 - - 1,049 3.98 Total other 1,049 - - 1,049 3.98 Total debt securities [1] $ 18,715,779 $ 1,980 $ 1,544,631 $ 17,173,128 1.84 % [1] 10.3 servicing agreements that the secured parties are not permitted 9.4 funds. 6.7 facilities. At December 31, 2022 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 4,576,127 $ 506 $ 47,156 $ 4,529,477 2.42 % After 1 to 5 years 6,793,739 - 410,858 6,382,881 1.35 After 5 to 10 years 308,854 - 40,264 268,590 1.63 Total U.S. Treasury 11,678,720 506 498,278 11,180,948 1.78 Collateralized mortgage obligations - federal agencies After 1 to 5 years 3,914 - 213 3,701 1.77 After 5 to 10 years 47,979 - 3,428 44,551 1.73 After 10 years 127,639 24 10,719 116,944 2.53 Total collateralized 179,532 24 14,360 165,196 2.30 Mortgage-backed securities After 1 to 5 years 74,328 11 3,428 70,911 2.33 After 5 to 10 years 866,757 43 58,997 807,803 2.16 After 10 years 6,762,150 932 1,184,626 5,578,456 1.61 Total mortgage-backed 7,703,235 986 1,247,051 6,457,170 1.68 Other After 1 to 5 years 1,062 - 2 1,060 3.98 Total other 1,062 - 2 1,060 3.98 Total debt securities [1] $ 19,562,549 $ 1,516 $ 1,759,691 $ 17,804,374 1.75 % [1] Includes $ 11.3 servicing agreements that the secured parties are not permitted 10.3 public funds. The Corporation had unpledged Available 6.4 borrowing facilities. The weighted changes in fair value. Debt obligations, are classified mortgage-backed securities and certain other securities may prepayments or may be called by the issuer. There were no The aggregated by investment category and length of March 31, 2023 and December 31, 2022. At March 31, 2023 Less than 12 months 12 months or more Total Gross Gross Gross Fair Fair Fair (In thousands) value losses value losses value losses U.S. Treasury securities $ 2,162,329 $ 42,295 $ 6,598,099 $ 348,622 $ 8,760,428 $ 390,917 Collateralized mortgage obligations - federal agencies 42,946 1,526 113,220 10,716 156,166 12,242 Mortgage-backed securities 440,122 22,396 5,881,221 1,119,076 6,321,343 1,141,472 Total debt securities $ 2,645,397 $ 66,217 $ 12,592,540 $ 1,478,414 $ 15,237,937 $ 1,544,631 At December 31, 2022 Less than 12 months 12 months or more Total Gross Gross Gross Fair Fair Fair (In thousands) value losses value losses value losses U.S. Treasury securities $ 6,027,786 $ 288,582 $ 3,244,572 $ 209,696 $ 9,272,358 $ 498,278 Collateralized mortgage obligations - federal agencies 139,845 10,655 22,661 3,705 162,506 14,360 Mortgage-backed securities 1,740,214 138,071 4,662,195 1,108,980 6,402,409 1,247,051 Other 60 2 - - 60 2 Total debt securities $ 7,907,905 $ 437,310 $ 7,929,428 $ 1,322,381 $ 15,837,333 $ 1,759,691 As of March 31, 2023, the portfolio of available-for-sale debt securities reflects gross unrealized losses of approximately $ 1.5 driven mainly by fixed-rate U.S. Treasury Securities and value as a result of the rising interest rate 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 in the 2022 implicit guarantee from the U.S. Government, are highly rated Accordingly, the Corporation applies a zero-credit loss assumption and no ACL for In October 2022, the 6.5 7.4 its available-for-sale portfolio to its held-to-maturity portfolio. to maturity income (loss) (“AOCI”) and time of 873.0 This fair value discount is being accreted to interest income and the unrealized loss remaining in AOCI is being amortized, offsetting each other through the remaining life of the securities. |
Debt securities held-to-maturit
Debt securities held-to-maturity | 3 Months Ended |
Mar. 31, 2023 | |
Held To Maturity Debt Securities | |
Schedule of Held-to-maturity Securities [Line Items] | |
Investments in debt and marketable equity securities | Note 7 –Debt securities held-to-maturity The following value, weighted 2022. At March 31, 2023 Allowance Carrying Value Gross Gross Weighted Amortized Book [1] for Credit Net of unrealized unrealized Fair average (In thousands) cost Value Losses Allowance gains losses value yield U.S. Treasury securities Within 1 year $ 649,391 $ 649,391 $ - $ 649,391 $ - $ 6,923 $ 642,468 2.75 % After 1 to 5 years 6,591,199 6,043,507 - 6,043,507 49,211 28,571 6,064,147 1.45 After 5 to 10 years 2,043,395 1,801,754 - 1,801,754 25,736 - 1,827,490 1.44 Total U.S. Treasury 9,283,985 8,494,652 - 8,494,652 74,947 35,494 8,534,105 1.54 Obligations of Puerto Rico, States and political subdivisions Within 1 year 4,730 4,730 21 4,709 18 3 4,724 6.15 After 1 to 5 years 15,805 15,805 212 15,593 119 115 15,597 3.83 After 5 to 10 years 1,025 1,025 34 991 34 - 1,025 5.80 After 10 years 40,865 40,865 6,525 34,340 4,423 2,270 36,493 1.40 Total obligations of political subdivisions 62,425 62,425 6,792 55,633 4,594 2,388 57,839 2.45 Collateralized mortgage obligations - federal agencies After 1 to 5 years 16 16 - 16 1 - 17 6.44 Total collateralized federal agencies 16 16 - 16 1 - 17 6.44 Securities in wholly owned statutory business trusts After 10 years 5,959 5,959 - 5,959 - - 5,959 6.33 Total securities business trusts 5,959 5,959 - 5,959 - - 5,959 6.33 Total debt securities $ 9,352,385 $ 8,563,052 $ 6,792 $ 8,556,260 $ 79,542 $ 37,882 $ 8,597,920 1.55 % [1] Book value includes $ 789 securities transferred from available-for-sale securities [2] Includes $ 7.1 Corporation had unpledged held-to-maturities securities with 1.3 At December 31, 2022 Allowance Carrying Value Gross Gross Weighted Amortized Book [1] for Credit Net of unrealized unrealized Fair average (In thousands) cost Value Losses Allowance gains losses value yield U.S. Treasury securities Within 1 year $ 499,034 $ 499,034 $ - $ 499,034 $ - $ 6,203 $ 492,831 2.83 % After 1 to 5 years 6,147,568 5,640,767 - 5,640,767 - 59,806 5,580,961 1.49 After 5 to 10 years 2,638,238 2,313,666 - 2,313,666 - 14,857 2,298,809 1.41 Total U.S. Treasury 9,284,840 8,453,467 - 8,453,467 - 80,866 8,372,601 1.54 Obligations of Puerto Rico, States and political subdivisions ` Within 1 year 4,530 4,530 8 4,522 5 - 4,527 6.08 % After 1 to 5 years 19,105 19,105 234 18,871 150 82 18,939 4.24 After 5 to 10 years 1,025 1,025 34 991 34 - 1,025 5.80 After 10 years 41,261 41,261 6,635 34,626 4,729 2,229 37,126 1.40 Total obligations of political subdivisions 65,921 65,921 6,911 59,010 4,918 2,311 61,617 2.61 Collateralized mortgage obligations - federal agencies After 1 to 5 years 19 19 - 19 - - 19 6.44 Total collateralized federal agencies 19 19 - 19 - - 19 6.44 Securities in wholly owned statutory business trusts After 10 years 5,959 5,959 - 5,959 - - 5,959 6.33 Total securities business trusts 5,959 5,959 - 5,959 - - 5,959 6.33 Total debt securities $ 9,356,739 $ 8,525,366 $ 6,911 $ 8,518,455 $ 4,918 $ 83,177 $ 8,440,196 1.55 % [1] Book value includes $ 831 securities transferred from available-for-sale securities [2] Includes $ 6.9 Corporation had unpledged held-to-maturities securities with 1.5 Debt securities not due on a single contractual maturity date, of final from their contractual maturities because they may be Credit Quality Indicators The following describes the credit quality the allowance for credit losses for investment securities As discussed in guarantee Accordingly, the Corporation applies a zero-credit loss assumption and no ACL for At March 31, 2023 maturity, includes $ 22 from 25 obligations, they required by law to levy property taxes in an amount sufficient for the payment of Corporation performs periodic credit quality on its evaluation. these Financial Statements. The aggregated by the internally assigned standardized At March 31, 2023 At December 31, 2022 (In thousands) Securities issued by Puerto Rico municipalities Watch $ 2,905 $ 13,735 Pass 18,655 10,925 Total $ 21,560 $ 24,660 At 41 securities source of payment is second mortgage loans in Puerto Rico a guarantee 42 securities evaluating refreshed FICO 66 % estimate was 707 65 % 707 , based on the methodology established under CECL guarantee when estimating the credit losses associated A instrumentalities (including if any of could further affect the value of these securities, resulting in losses Refer to to the for additional Rico Government. Delinquency status At March 31, 2023 and December 31, 2022, there were no Allowance for credit losses on debt securities held-to-maturity The following table provides the at March 31, 2023 and March 31, 2022: For the quarters ended March 31, 2023 2022 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 6,911 $ 8,096 Provision for credit losses (benefit) (119) (252) Securities charged-off - - Recoveries - - Ending balance $ 6,792 $ 7,844 The 0.3 securities issued by municipalities of 6.5 second mortgage loans on 0.3 6.6 31, 2022). |
Loans
Loans | 3 Months Ended |
Mar. 31, 2023 | |
Receivables | |
Loans | Note 8 – Loans For Summary of Significant Accounting Policies of the 2022 During the 76 million, 27 45 mortgage loans of 82 3 91 March 31, 2022. The 10 2 commercial and construction loans 19 loans 1 approximately $ 1 and $ 10 $ 78 58 Delinquency status The following tables present the and by loan class including those that are in non-performing status or that are accruing March 31, 2023 and December 31, 2022. March 31, 2023 BPPR 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 $ 650 $ - $ 185 $ 835 $ 291,971 $ 292,806 $ 185 $ - Commercial real estate: Non-owner occupied 2,739 1,584 22,856 27,179 2,858,304 2,885,483 22,856 - Owner occupied 21,496 - 37,779 59,275 1,438,228 1,497,503 37,779 - Commercial and industrial 17,934 793 31,847 50,574 3,883,859 3,934,433 30,132 1,715 Construction 8,081 - - 8,081 147,268 155,349 - - Mortgage 183,187 81,729 515,752 780,668 5,336,016 6,116,684 224,075 291,677 Leasing 12,301 2,605 6,103 21,009 1,593,335 1,614,344 6,103 - Consumer: Credit cards 7,162 5,823 12,061 25,046 1,021,129 1,046,175 - 12,061 Home equity lines of credit - - - - 2,865 2,865 - - Personal 14,131 8,990 17,427 40,548 1,572,370 1,612,918 17,412 15 Auto 60,324 12,684 39,516 112,524 3,405,416 3,517,940 39,516 - Other 1,264 49 1,091 2,404 127,608 130,012 921 170 Total $ 329,269 $ 114,257 $ 684,617 $ 1,128,143 $ 21,678,369 $ 22,806,512 $ 378,979 $ 305,638 March 31, 2023 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 $ - $ - $ 421 $ 421 $ 2,043,130 $ 2,043,551 $ 421 $ - Commercial real estate: Non-owner occupied 16,033 - 207 16,240 1,748,952 1,765,192 207 - Owner occupied 18,042 - 5,095 23,137 1,497,947 1,521,084 5,095 - Commercial and industrial 13,779 3 5,570 19,352 2,045,857 2,065,209 5,325 245 Construction 7,165 - - 7,165 536,482 543,647 - - Mortgage 22,041 1,499 14,719 38,259 1,250,964 1,289,223 14,719 - Consumer: Credit cards - - - - 21 21 - - Home equity lines of credit 496 70 4,618 5,184 61,838 67,022 4,618 - Personal 1,900 1,259 2,505 5,664 222,487 228,151 2,505 - Other 2 - 514 516 8,245 8,761 514 - Total $ 79,458 $ 2,831 $ 33,649 $ 115,938 $ 9,415,923 $ 9,531,861 $ 33,404 $ 245 March 31, 2023 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 $ 650 $ - $ 606 $ 1,256 $ 2,335,101 $ 2,336,357 $ 606 $ - Commercial real estate: Non-owner occupied 18,772 1,584 23,063 43,419 4,607,256 4,650,675 23,063 - Owner occupied 39,538 - 42,874 82,412 2,936,175 3,018,587 42,874 - Commercial and industrial 31,713 796 37,417 69,926 5,929,716 5,999,642 35,457 1,960 Construction 15,246 - - 15,246 683,750 698,996 - - Mortgage [1] 205,228 83,228 530,471 818,927 6,586,980 7,405,907 238,794 291,677 Leasing 12,301 2,605 6,103 21,009 1,593,335 1,614,344 6,103 - Consumer: Credit cards 7,162 5,823 12,061 25,046 1,021,150 1,046,196 - 12,061 Home equity lines of credit 496 70 4,618 5,184 64,703 69,887 4,618 - Personal 16,031 10,249 19,932 46,212 1,794,857 1,841,069 19,917 15 Auto 60,324 12,684 39,516 112,524 3,405,416 3,517,940 39,516 - Other 1,266 49 1,605 2,920 135,853 138,773 1,435 170 Total $ 408,727 $ 117,088 $ 718,266 $ 1,244,081 $ 31,094,292 $ 32,338,373 $ 412,383 $ 305,883 [1] It is the Corporation’s policy to report delinquent residential the U.S. Department of Veterans Affairs repayment is insured. 167 longer accruing interest as of March 31, 2023. Furthermore, the 40 guaranteed by FHA, but which are currently not accruing interest. exclude these balances from non-performing assets. [2] Loans held-in-portfolio are net of $ 307 11 [3] Includes $ 7.7 of which $ 5.1 2.6 Bank ("FRB") for discount window borrowings. The Corporation Federal Reserve Bank of New York 2.8 1.5 December 31, 2022 BPPR Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) or more past due Current Loans HIP loans loans Commercial multi-family $ 425 $ - $ 242 $ 667 $ 280,706 $ 281,373 $ 242 $ - Commercial real estate: Non-owner occupied 941 428 23,662 25,031 2,732,296 2,757,327 23,662 - Owner occupied 729 245 23,990 24,964 1,563,092 1,588,056 23,990 - Commercial and industrial 3,036 941 35,777 39,754 3,756,754 3,796,508 34,277 1,500 Construction - - - - 147,041 147,041 - - Mortgage 222,926 91,881 579,993 894,800 5,215,479 6,110,279 242,391 337,602 Leasing 11,983 3,563 5,941 21,487 1,564,252 1,585,739 5,941 - Consumer: Credit cards 7,106 5,049 11,910 24,065 1,017,766 1,041,831 - 11,910 Home equity lines of credit - - - - 2,954 2,954 - - Personal 13,232 8,752 18,082 40,066 1,545,621 1,585,687 18,082 - Auto 68,868 19,243 40,978 129,089 3,383,441 3,512,530 40,978 - Other 487 87 12,682 13,256 124,324 137,580 12,446 236 Total $ 329,733 $ 130,189 $ 753,257 $ 1,213,179 $ 21,333,726 $ 22,546,905 $ 402,009 $ 351,248 December 31, 2022 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) or more past due Current Loans HIP loans loans Commercial multi-family $ 2,177 $ - $ - $ 2,177 $ 2,038,163 $ 2,040,340 $ - $ - Commercial real estate: Non-owner occupied 484 - 1,454 1,938 1,740,405 1,742,343 1,454 - Owner occupied - - 5,095 5,095 1,485,398 1,490,493 5,095 - Commercial and industrial 12,960 2,205 4,685 19,850 2,022,842 2,042,692 4,319 366 Construction - - - - 610,943 610,943 - - Mortgage 16,131 5,834 20,488 42,453 1,244,739 1,287,192 20,488 - Consumer: Credit cards - - - - 39 39 - - Home equity lines of credit 413 161 4,110 4,684 64,278 68,962 4,110 - Personal 1,808 1,467 1,958 5,233 232,659 237,892 1,958 - Other - - 8 8 9,960 9,968 8 - Total $ 33,973 $ 9,667 $ 37,798 $ 81,438 $ 9,449,426 $ 9,530,864 $ 37,432 $ 366 December 31, 2022 Popular, Inc. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) or more past due Current Loans HIP [2] [3] loans loans Commercial multi-family $ 2,602 $ - $ 242 $ 2,844 $ 2,318,869 $ 2,321,713 $ 242 $ - Commercial real estate: Non-owner occupied 1,425 428 25,116 26,969 4,472,701 4,499,670 25,116 - Owner occupied 729 245 29,085 30,059 3,048,490 3,078,549 29,085 - Commercial and industrial 15,996 3,146 40,462 59,604 5,779,596 5,839,200 38,596 1,866 Construction - - - - 757,984 757,984 - - Mortgage [1] 239,057 97,715 600,481 937,253 6,460,218 7,397,471 262,879 337,602 Leasing 11,983 3,563 5,941 21,487 1,564,252 1,585,739 5,941 - Consumer: Credit cards 7,106 5,049 11,910 24,065 1,017,805 1,041,870 - 11,910 Home equity lines of credit 413 161 4,110 4,684 67,232 71,916 4,110 - Personal 15,040 10,219 20,040 45,299 1,778,280 1,823,579 20,040 - Auto 68,868 19,243 40,978 129,089 3,383,441 3,512,530 40,978 - Other 487 87 12,690 13,264 134,284 147,548 12,454 236 Total $ 363,706 $ 139,856 $ 791,055 $ 1,294,617 $ 30,783,152 $ 32,077,769 $ 439,441 $ 351,614 [1] It is the Corporation’s policy to report delinquent residential 90 days or more as opposed to non-performing since 190 mortgage loans insured by FHA or guaranteed by the VA Corporation has approximately $ 42 Due to the guaranteed nature of the loans, it is the Corporation’s [2] Loans held-in-portfolio are net of $ 295 5 [3] Includes $ 7.4 of which $ 4.8 2.6 Bank (FRB) for discount window borrowings. The Corporation Federal Reserve Bank of New York 2.1 1.4 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 insured. At March 2.0 2 .0 billion) FHA, or guaranteed by the VA of which $ 0.3 0.3 guaranteed loans includes $ 167 31, 2023 190 40 Rico 42 million). Loans with a delinquency status of 7 securities 14 obligation to repurchase loans option portfolio benefit deferred payments or completes a payment deferral The following tables present the amortized cost basis loans: March 31, 2023 BPPR 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 $ - $ 185 $ - $ 421 $ - $ 606 Commercial real estate non-owner occupied 19,324 3,532 - 207 19,324 3,739 Commercial real estate owner occupied 24,513 13,266 5,095 - 29,608 13,266 Commercial and industrial 17,551 12,581 - 5,325 17,551 17,906 Mortgage 103,316 120,759 227 14,492 103,543 135,251 Leasing 194 5,909 - - 194 5,909 Consumer: - - - 4,618 - 4,618 5,122 12,290 - 2,505 5,122 14,795 1,117 38,399 - - 1,117 38,399 263 658 - 514 263 1,172 Total $ 171,400 $ 207,579 $ 5,322 $ 28,082 $ 176,722 $ 235,661 December 31, 2022 BPPR 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 $ - $ 242 $ - $ - $ - $ 242 Commercial real estate non-owner occupied 15,639 8,023 1,454 - 17,093 8,023 Commercial real estate owner occupied 9,070 14,920 5,095 - 14,165 14,920 Commercial and industrial 20,227 14,050 - 4,319 20,227 18,369 Mortgage 119,027 123,364 71 20,417 119,098 143,781 Leasing 458 5,483 - - 458 5,483 Consumer: - - - 4,110 - 4,110 4,623 13,459 - 1,958 4,623 15,417 1,177 39,801 - - 1,177 39,801 263 12,183 - 8 263 12,191 Total $ 170,484 $ 231,525 $ 6,620 $ 30,812 $ 177,104 $ 262,337 Loans in non-accrual status with 176 2022 - $ 177 4 31, 2023 (March 31, 2022 - $ 4 The Corporation has the collateral less sale or appraisals, which may be conditions to reflect the expected change in value between the effective date are updated every one to two years depending on The following tables present the amortized cost basis fair value of the collateral less cost to sell, by class March 31, 2023 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total BPPR Commercial multi-family $ 1,316 $ - $ - $ - $ - $ 1,316 Commercial real estate: Non-owner occupied 180,090 - - - - 180,090 Owner occupied 32,471 - - - - 32,471 Commercial and industrial 1,070 - 22 8,397 18,995 28,484 Mortgage 106,168 - - - - 106,168 Leasing - 844 - - - 844 Consumer: Personal 5,433 - - - - 5,433 Auto - 10,074 - - - 10,074 Other - - - - 263 263 Total BPPR $ 326,548 $ 10,918 $ 22 $ 8,397 $ 19,258 $ 365,143 Popular U.S. Commercial real estate: Owner occupied $ 5,095 $ - $ - $ - $ - $ 5,095 Commercial and industrial - - 74 - 2,000 2,074 Mortgage 775 - - - - 775 Total Popular U.S. $ 5,870 $ - $ 74 $ - $ 2,000 $ 7,944 Popular, Inc. Commercial multi-family $ 1,316 $ - $ - $ - $ - $ 1,316 Commercial real estate: Non-owner occupied 180,090 - - - - 180,090 Owner occupied 37,566 - - - - 37,566 Commercial and industrial 1,070 - 96 8,397 20,995 30,558 Mortgage 106,943 - - - - 106,943 Leasing - 844 - - - 844 Consumer: Personal 5,433 - - - - 5,433 Auto - 10,074 - - - 10,074 Other - - - - 263 263 Total Popular, $ 332,418 $ 10,918 $ 96 $ 8,397 $ 21,258 $ 373,087 December 31, 2022 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total BPPR Commercial multi-family $ 1,329 $ - $ - $ - $ - $ 1,329 Commercial real estate: Non-owner occupied 202,980 - - - - 202,980 Owner occupied 18,234 - - - - 18,234 Commercial and industrial 1,345 - 32 9,853 20,985 32,215 Mortgage 128,069 - - - - 128,069 Leasing - 1,020 - - - 1,020 Consumer: Personal 5,381 - - - - 5,381 Auto - 9,556 - - - 9,556 Other - - - - 263 263 Total BPPR $ 357,338 $ 10,576 $ 32 $ 9,853 $ 21,248 $ 399,047 Popular U.S. Commercial real estate: Non-owner occupied $ 1,454 $ - $ - $ - $ - $ 1,454 Owner occupied 5,095 - - - - 5,095 Commercial and industrial - - 136 - - 136 Mortgage 1,104 - - - - 1,104 Total Popular U.S. $ 7,653 $ - $ 136 $ - $ - $ 7,789 Popular, Inc. Commercial multi-family $ 1,329 $ - $ - $ - $ - $ 1,329 Commercial real estate: Non-owner occupied 204,434 - - - - 204,434 Owner occupied 23,329 - - - - 23,329 Commercial and industrial 1,345 - 168 9,853 20,985 32,351 Mortgage 129,173 - - - - 129,173 Leasing - 1,020 - - - 1,020 Consumer: Personal 5,381 - - - - 5,381 Auto - 9,556 - - - 9,556 Other - - - - 263 263 Total Popular, $ 364,991 $ 10,576 $ 168 $ 9,853 $ 21,248 $ 406,836 Purchased Credit Deteriorated (PCD) Loans The Corporation has purchased loans during deterioration of credit quality since origination. The (In thousands) March 31, 2023 March 31, 2022 Purchase price of loans at acquisition $ 255 $ 2,002 Allowance for credit losses at acquisition 68 612 Non-credit discount / (premium) at acquisition 9 99 Par value of acquired loans at acquisition $ 332 $ 2,713 |
Allowance for credit losses - l
Allowance for credit losses - loans held-in-portfolio | 3 Months Ended |
Mar. 31, 2023 | |
Allowance for credit losses [Abstract] | |
Allowance for credit losses | Note 9 – Allowance for credit losses – loans The Corporation follows provide for credit losses over the lives of financial assets, starting when such that the initial ACL on purchased credit deteriorated (“PCD”) financial subsequent operations modeling framework includes competing level techniques to estimate loss severity. with macroeconomic expectations to derive the At March Among the scenario given the quarterly basis as tied to the CECL accounting framework. These The respectively, strong, improving quarter-over-quarter to respectively, in the previous forecast. The following March 31, 2023 and 2022. For the quarter ended March 31, 2023 BPPR Impact of Provision for Allowance for Beginning Adopting credit losses credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 5,210 $ - $ (454) $ - $ - $ - $ 4,756 Commercial real estate non-owner occupied 52,475 - 1,284 - - 135 53,894 Commercial real estate owner occupied 48,393 (1,161) (2,730) - (3) 1,510 46,009 Commercial and industrial 68,217 (552) 9,819 - (1,607) 1,165 77,042 Total Commercial 174,295 (1,713) 7,919 - (1,610) 2,810 181,701 Construction 2,978 - 94 - - - 3,072 Mortgage 117,344 (33,556) 1,267 68 (846) 4,800 89,077 Leasing 20,618 (35) 734 - (1,417) 1,090 20,990 Consumer 58,670 - 15,570 - (8,676) 2,389 67,953 103 - (39) - (33) 69 100 96,369 (7,020) 11,104 - (13,580) 1,535 88,408 129,735 (21) 8,319 - (12,118) 4,914 130,829 15,433 - 235 - (11,007) 216 4,877 Total Consumer 300,310 (7,041) 35,189 - (45,414) 9,123 292,167 Total - Loans $ 615,545 $ (42,345) $ 45,203 $ 68 $ (49,287) $ 17,823 $ 587,007 Allowance for credit losses - unfunded commitments: Commercial $ 4,336 $ - $ 564 $ - $ - $ - $ 4,900 Construction 2,022 - (76) - - - 1,946 Ending balance - unfunded commitments [1] $ 6,358 $ - $ 488 $ - $ - $ - $ 6,846 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2023 Popular U.S. Impact of Provision for Beginning Adopting credit losses - Ending (In thousands) Balance ASU 2022-02 (benefits) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 21,101 $ - $ (493) $ - $ 2 $ 20,610 Commercial real estate non-owner occupied 19,065 - (2,961) - 1,852 17,956 Commercial real estate owner occupied 8,688 - (224) - 24 8,488 Commercial and industrial 12,227 - 2,528 (499) 968 15,224 Total Commercial 61,081 - (1,150) (499) 2,846 62,278 Construction 1,268 - (10) - - 1,258 Mortgage 17,910 (2,098) (426) - 14 15,400 Consumer - - 1 (1) - - 2,439 - (712) (143) 269 1,853 22,057 (1,140) 4,191 (4,170) 383 21,321 2 - 49 (53) 5 3 Total Consumer 24,498 (1,140) 3,529 (4,367) 657 23,177 Total - Loans $ 104,757 $ (3,238) $ 1,943 $ (4,866) $ 3,517 $ 102,113 Allowance for credit losses - unfunded commitments: Commercial $ 1,175 $ - $ 54 $ - $ - $ 1,229 Construction 1,184 - 94 - - 1,278 Consumer 88 - (26) - - 62 Ending balance - unfunded commitments [1] $ 2,447 $ - $ 122 $ - $ - $ 2,569 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2023 Popular Inc. Impact Provision for Allowance for Beginning of adopting credit losses credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 26,311 $ - $ (947) $ - $ - $ 2 $ 25,366 Commercial real estate non-owner occupied 71,540 - (1,677) - - 1,987 71,850 Commercial real estate owner occupied 57,081 (1,161) (2,954) - (3) 1,534 54,497 Commercial and industrial 80,444 (552) 12,347 - (2,106) 2,133 92,266 Total Commercial 235,376 (1,713) 6,769 - (2,109) 5,656 243,979 Construction 4,246 - 84 - - - 4,330 Mortgage 135,254 (35,654) 841 68 (846) 4,814 104,477 Leasing 20,618 (35) 734 - (1,417) 1,090 20,990 Consumer 58,670 - 15,571 - (8,677) 2,389 67,953 2,542 - (751) - (176) 338 1,953 118,426 (8,160) 15,295 - (17,750) 1,918 109,729 129,735 (21) 8,319 - (12,118) 4,914 130,829 15,435 - 284 - (11,060) 221 4,880 Total Consumer 324,808 (8,181) 38,718 - (49,781) 9,780 315,344 Total - Loans $ 720,302 $ (45,583) $ 47,146 $ 68 $ (54,153) $ 21,340 $ 689,120 Allowance for credit losses - unfunded commitments: Commercial $ 5,511 $ - $ 618 $ - $ - $ - $ 6,129 Construction 3,206 - 18 - - - 3,224 Consumer 88 - (26) - - - 62 Ending balance - unfunded commitments [1] $ 8,805 $ - $ 610 $ - $ - $ - $ 9,415 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2022 BPPR Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 3,050 $ 385 $ - $ - $ - $ 3,435 Commercial real estate non-owner occupied 45,211 6,244 - - 184 51,639 Commercial real estate owner occupied 54,176 (10,091) - (118) 3,060 47,027 Commercial and industrial 49,491 (7,225) - (409) 1,513 43,370 Total Commercial 151,928 (10,687) - (527) 4,757 145,471 Construction 1,641 357 - - 416 2,414 Mortgage 138,286 (10,528) 612 (1,321) 4,313 131,362 Leasing 17,578 386 - (407) 841 18,398 Consumer 43,499 3,701 - (5,683) 2,265 43,782 98 (16) - (90) 94 86 71,022 1,613 - (6,858) 1,777 67,554 154,498 2,693 - (8,878) 4,017 152,330 15,612 (180) - (556) 338 15,214 Total Consumer 284,729 7,811 - (22,065) 8,491 278,966 Total - Loans $ 594,162 $ (12,661) $ 612 $ (24,320) $ 18,818 $ 576,611 Allowance for credit losses - unfunded commitments: Commercial $ 1,751 $ (104) $ - $ - $ - $ 1,647 Construction 2,388 (464) - - - 1,924 Ending balance - unfunded commitments [1] $ 4,139 $ (568) $ - $ - $ - $ 3,571 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2022 Popular U.S. Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 25,418 $ (2,770) $ - $ - $ 7 $ 22,655 Commercial real estate non-owner occupied 22,246 (6,851) - - 3 15,398 Commercial real estate owner occupied 6,053 3,836 - - 112 10,001 Commercial and industrial 10,160 453 - (127) 632 11,118 Total Commercial 63,877 (5,332) - (127) 754 59,172 Construction 4,722 (1,725) - - 1,128 4,125 Mortgage 16,192 1,632 - - 20 17,844 Consumer - (9) - - 9 - 3,708 (992) - (10) 919 3,625 12,700 4,616 - (1,218) 313 16,411 5 66 - (77) 10 4 Total Consumer 16,413 3,681 - (1,305) 1,251 20,040 Total - Loans $ 101,204 $ (1,744) $ - $ (1,432) $ 3,153 $ 101,181 Allowance for credit losses - unfunded commitments: Commercial $ 1,384 $ (66) $ - $ - $ - $ 1,318 Construction 2,337 (202) - - - 2,135 Consumer 37 (7) - - - 30 Ending balance - unfunded commitments [1] $ 3,758 $ (275) $ - $ - $ - $ 3,483 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2022 Popular Inc. Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 28,468 $ (2,385) $ - $ - $ 7 $ 26,090 Commercial real estate non-owner occupied 67,457 (607) - - 187 67,037 Commercial real estate owner occupied 60,229 (6,255) - (118) 3,172 57,028 Commercial and industrial 59,651 (6,772) - (536) 2,145 54,488 Total Commercial 215,805 (16,019) - (654) 5,511 204,643 Construction 6,363 (1,368) - - 1,544 6,539 Mortgage 154,478 (8,896) 612 (1,321) 4,333 149,206 Leasing 17,578 386 - (407) 841 18,398 Consumer 43,499 3,692 - (5,683) 2,274 43,782 3,806 (1,008) - (100) 1,013 3,711 83,722 6,229 - (8,076) 2,090 83,965 154,498 2,693 - (8,878) 4,017 152,330 15,617 (114) - (633) 348 15,218 Total Consumer 301,142 11,492 - (23,370) 9,742 299,006 Total - Loans $ 695,366 $ (14,405) $ 612 $ (25,752) $ 21,971 $ 677,792 Allowance for credit losses - unfunded commitments: Commercial $ 3,135 $ (170) $ - $ - $ - $ 2,965 Construction 4,725 (666) - - - 4,059 Consumer 37 (7) - - - 30 Ending balance - unfunded commitments [1] $ 7,897 $ (843) $ - $ - $ - $ 7,054 [1] Allowance for credit losses of unfunded commitments is Modifications A insignificant payment delay, term extension or combination of the above made The amount during the quarter ended at March 31, 2023 amounted 7 The following tables show the amortized cost basis of the loans modified to borrowers experiencing financial difficulties at the end of the reporting 31,2023. Loans modified to borrowers under financial difficulties that were fully paid down, charged-off end are not reported. Loan Modifications Made to Borrowers Experiencing Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Mortgage $ 227 0.00 % $ - 0.00 % $ 227 0.00 % Consumer: 497 0.05 % - 0.00 % 497 0.05 % 172 0.01 % - 0.00 % 172 0.01 % 3 0.00 % - 0.00 % 3 0.00 % Total $ 899 0.00 % $ - 0.00 % $ 899 0.00 % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE owner occupied $ 1,754 0.12 % $ - 0.00 % $ 1,754 0.06 % Commercial and industrial 3,705 0.09 % - 0.00 % 3,705 0.06 % Construction - 0.00 % 3,518 0.65 % 3,518 0.50 % Mortgage 14,521 0.24 % 1,853 0.14 % 16,374 0.22 % Consumer: 26 0.00 % 54 0.02 % 80 0.00 % Total $ 20,006 0.09 % $ 5,425 0.06 % $ 25,431 0.08 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE non-owner occupied $ 1,751 0.06 % $ - 0.00 % $ 1,751 0.04 % CRE owner occupied 13,156 0.88 % 13,744 0.90 % 26,900 0.89 % Commercial and industrial 1,411 0.04 % 864 0.04 % 2,275 0.04 % Consumer: 33 0.03 % - 0.00 % 33 0.02 % Total $ 16,351 0.07 % $ 14,608 0.15 % $ 30,959 0.10 % Combination - Term extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE owner occupied $ 101 0.01 % $ - 0.00 % $ 101 0.00 % Mortgage 10,473 0.17 % 328 0.03 % 10,801 0.15 % Consumer: 422 0.03 % - 0.00 % 422 0.02 % 29 0.00 % - 0.00 % 29 0.00 % Total $ 11,025 0.05 % $ 328 0.00 % $ 11,353 0.04 % The following table describes the financial effect of the For the quarter ended March 31, 2023 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 6.00 % to 5.25 %. Mortgage Reduced weighted-average contractual interest rate from 5.69 % to 4.17 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.76 % to 4.47 %. Personal Reduced weighted-average contractual interest rate from 16.97 % to 9.11 %. Auto Reduced weighted-average contractual interest rate from 12.64 % to 12.62 %. Other Reduced weighted-average contractual interest rate from 17.99 % to 0 %. Term extension Loan Type Financial Effect CRE Owner occupied Added a weighted-average 2 Commercial and industrial Added a weighted-average 5 Construction Added a weighted-average 6 Mortgage Added a weighted-average 10 Consumer: Personal Added a weighted-average 6 Auto Added a weighted-average 2 Other than insignificant payment delay Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average 12 borrowers. CRE Owner occupied Added a weighted-average 7 Commercial and industrial Added a weighted-average 9 Consumer: Other Added a weighted-average 11 borrowers. The following table presents, by class, the performance The These loans will continue in non-accrual status, and presented as past willingness and ability to (or one year for loans providing for borrower would not be in payment default in the BPPR For the period ended March 31, 2023 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE Non-owner occupied $ - $ - $ - $ - $ 1,751 $ 1,751 $ - $ - CRE Owner occupied - - 1,803 1,803 13,208 15,011 209 1,594 Commercial and industrial - - 142 142 4,974 5,116 28 114 Mortgage 1,202 180 7,518 8,900 16,321 25,221 - 7,518 Consumer: 21 46 96 163 334 497 96 - 6 - 232 238 382 620 - 232 - - - - 29 29 - - - - 33 33 3 36 - 33 Total $ 1,229 $ 226 $ 9,824 $ 11,279 $ 37,002 $ 48,281 $ 333 $ 9,491 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. Payment default charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that Popular U.S. For the period ended March 31, 2023 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE Owner occupied $ - $ - $ - $ - $ 13,744 $ 13,744 $ - $ - Commercial and industrial - - - - 864 864 - - Construction - - - - 3,518 3,518 - - Mortgage - - 104 104 2,077 2,181 - 104 Consumer: - - 54 54 - 54 - 54 Total $ - $ - $ 158 $ 158 $ 20,203 $ 20,361 $ - $ 158 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. Payment default charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that Popular Inc. For the period ended March 31, 2023 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE Non-owner occupied $ - $ - $ - $ - $ 1,751 $ 1,751 $ - $ - CRE Owner occupied - - 1,803 1,803 26,952 28,755 209 1,594 Commercial and industrial - - 142 142 5,838 5,980 28 114 Construction - - - - 3,518 3,518 - - Mortgage 1,202 180 7,622 9,004 18,398 27,402 - 7,622 Consumer: 21 46 96 163 334 497 96 - 6 - 286 292 382 674 - 286 - - - - 29 29 - - - - 33 33 3 36 - 33 Total $ 1,229 $ 226 $ 9,982 $ 11,437 $ 57,205 $ 68,642 $ 333 $ 9,649 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. charged-off, whichever occurs first. The recorded inve date. Loans modified with financial difficulty that The modified during the restructured loan becoming 90 days past due after Legacy TDR Modifications A modification of financial difficulty refer to the Summary of Significant Accounting Policies The outstanding 1.6 commitments to 12 related to the commercial loan portfolio at December 31, The following table presents allowance at December 31, 2022. December 31, 2022 (In thousands) Accruing Non-Accruing Total Related Allowance Loans held-in-portfolio: $ 269,784 $ 54,641 $ 324,425 $ 18,451 [1] 1,169,976 86,790 1,256,766 58,819 1,154 24 1,178 43 54,395 7,883 62,278 13,577 Loans held-in-portfolio $ 1,495,309 $ 149,338 $ 1,644,647 $ 90,890 [1] At December 31, 2022, accruing mortgage loan TDRs include 725 The March 31, 2022. Loans modified as TDRs for the For the quarter ended March 31, 2022 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial real estate non-owner occupied - - - 1 Commercial real estate owner occupied 1 1 - - Commercial and industrial 1 5 - 11 Mortgage 1 34 288 1 Consumer: 15 - - 15 25 20 - - - 1 - - Total 43 61 288 28 The following table presents, by class, quantitative 31, 2022. Popular, Inc. For the quarter ended March 31, 2022 (In thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for loan losses as a result of modification Commercial real estate non-owner occupied 1 $ 3,400 $ 3,400 $ - Commercial real estate owner occupied 2 729 727 - Commercial and industrial 17 49,346 49,155 2,030 Mortgage 324 34,876 35,592 1,020 Consumer: 30 248 273 5 45 729 728 130 1 28 28 5 Total 420 $ 89,356 $ 89,903 $ 3,190 The following table presents, by twelve months preceding the default date. modified, paydowns foreclosed upon by period end are not reported. Defaulted during the quarter ended March 31, 2022 (In thousands) Loan count Recorded investment as of first default date Mortgage 6 $ 1,870 Consumer: 16 127 12 128 Total 34 $ 2,125 Credit Quality The risk The deteriorate the credit quality. status at the end of the reporting period. The following tables present the amortized cost basis, net of unearned income, of assignment vintage year. For Statements included in the 2022 Form 10-K: March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total BPPR Commercial: Commercial multi-family Watch $ 6,867 $ - $ - $ - $ 18,365 $ 4,378 $ - $ - $ 29,610 Special mention - - - - - 2,651 - - 2,651 Substandard - - - - - 3,234 100 - 3,334 Pass 28,087 138,361 22,771 20,740 16,039 30,943 270 - 257,211 Total commercial multi-family $ 34,954 $ 138,361 $ 22,771 $ 20,740 $ 34,404 $ 41,206 $ 370 $ - $ 292,806 Commercial real estate non-owner occupied Watch $ - $ 348 $ 11,102 $ 13,622 $ 14,506 $ 68,267 $ - $ - $ 107,845 Special Mention - - 29,425 19,841 63,115 49,505 5,000 - 166,886 Substandard - 8,802 - 2,607 18,488 20,454 - - 50,351 Pass 76,455 857,954 578,637 368,293 38,120 631,836 9,106 - 2,560,401 Total commercial real estate non- owner occupied $ 76,455 $ 867,104 $ 619,164 $ 404,363 $ 134,229 $ 770,062 $ 14,106 $ - $ 2,885,483 Commercial real estate owner occupied Watch $ - $ 11,755 $ 4,457 $ 9,329 $ 4,148 $ 95,445 $ 600 $ - $ 125,734 Special Mention - 9 2,417 1,534 6,147 66,300 13,834 - 90,241 Substandard - 16,087 6,078 784 712 80,734 - - 104,395 Doubtful - - - - - 438 - - 438 Pass 19,721 222,551 255,853 200,352 29,877 440,518 7,823 - 1,176,695 Total commercial real estate owner occupied $ 19,721 $ 250,402 $ 268,805 $ 211,999 $ 40,884 $ 683,435 $ 22,257 $ - $ 1,497,503 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 3 $ - $ - $ 3 Commercial and industrial Watch $ 2,151 $ 21,021 $ 1,994 $ 2,889 $ 18,406 $ 76,544 $ 42,623 $ - $ 165,628 Special Mention - 1,578 5,168 20,849 1,076 53,511 5,785 - 87,967 Substandard 5,418 766 1,137 1,813 2,588 29,834 44,565 - 86,121 Doubtful - - - 28 - 37 - - 65 Pass 228,133 758,835 578,791 275,748 164,951 328,693 1,259,501 - 3,594,652 Total commercial and industrial $ 235,702 $ 782,200 $ 587,090 $ 301,327 $ 187,021 $ 488,619 $ 1,352,474 $ - $ 3,934,433 Year-to-Date gross write-offs $ 172 $ - $ 54 $ 609 $ - $ 5 $ 767 $ - $ 1,607 Construction Watch $ - $ 35,764 $ 4,792 $ - $ - $ - $ - $ - $ 40,556 Substandard - - - 9,657 - - $ - - 9,657 Pass - 16,381 36,334 11,790 2,306 - 38,325 - 105,136 Total construction $ - $ 52,145 $ 41,126 $ 21,447 $ 2,306 $ - $ 38,325 $ - $ 155,349 Mortgage Substandard $ - $ 107 $ 166 $ 481 $ 3,255 $ 90,003 $ - $ - $ 94,012 Pass 117,402 452,532 445,012 280,846 201,346 4,525,534 - - 6,022,672 Total mortgage $ 117,402 $ 452,639 $ 445,178 $ 281,327 $ 204,601 $ 4,615,537 $ - $ - $ 6,116,684 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 846 $ - $ - $ 846 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total BPPR Leasing Substandard $ - $ 1,065 $ 1,819 $ 623 $ 1,293 $ 1,250 $ - $ - $ 6,050 Loss - 54 - - - - - - 54 Pass 193,921 595,135 399,400 218,226 130,385 71,173 - - 1,608,240 Total leasing $ 193,921 $ 596,254 $ 401,219 $ 218,849 $ 131,678 $ 72,423 $ - $ - $ 1,614,344 Year-to-Date gross write-offs $ - $ 640 $ 634 $ 94 $ - $ 49 $ - $ - $ 1,417 Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 12,058 $ - $ 12,058 Loss - - - - - - 3 - 3 Pass - - - - - - 1,034,114 - 1,034,114 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,046,175 $ - $ 1,046,175 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 8,676 $ - $ 8,676 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 2,865 $ - $ 2,865 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,865 $ - $ 2,865 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 33 $ - $ - $ 33 Personal Substandard $ - $ 1,879 $ 2,078 $ 545 $ 1,493 $ 10,640 $ - $ 1,073 $ 17,708 Loss - 105 141 17 32 2 - - 297 Pass 225,516 734,207 281,093 89,554 100,679 137,702 - 26,162 1,594,913 Total Personal $ 225,516 $ 736,191 $ 283,312 $ 90,116 $ 102,204 $ 148,344 $ - $ 27,235 $ 1,612,918 Year-to-Date gross write-offs $ 2 $ 5,105 $ 4,533 $ 1,372 $ 1,449 $ 1,119 $ - $ - $ 13,580 Auto Substandard $ - $ 8,772 $ 11,611 $ 9,978 $ 8,858 $ 5,505 $ - $ - $ 44,724 Loss - 50 9 21 16 - - - 96 Pass 292,535 1,094,296 895,350 539,897 381,528 269,514 - - 3,473,120 Total Auto $ 292,535 $ 1,103,118 $ 906,970 $ 549,896 $ 390,402 $ 275,019 $ - $ - $ 3,517,940 Year-to-Date gross write-offs $ 83 $ 6,034 $ 3,168 $ 1,633 $ 1,200 $ - $ - $ - $ 12,118 Other consumer Substandard $ - $ - $ - $ 90 $ 18 $ 550 $ 170 $ - $ 828 Loss - - - - - 263 - - 263 Pass 7,750 28,099 16,877 6,725 4,002 5,788 59,680 - 128,921 Total Other consumer $ 7,750 $ 28,099 $ 16,877 $ 6,815 $ 4,020 $ 6,601 $ 59,850 $ - $ 130,012 Year-to-Date gross write-offs $ - $ 6 $ - $ - $ 1 $ 11,000 $ - $ - $ 11,007 Total Puerto Rico $ 1,203,956 $ 5,006,513 $ 3,592,512 $ 2,106,879 $ 1,231,749 $ 7,101,246 $ 2,536,422 $ 27,235 $ 22,806,512 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular U.S. Commercial: Commercial multi-family Watch $ - $ 747 $ - $ 6,182 $ 61,528 $ 44,317 $ - $ - $ 112,774 Special mention - - - 1,181 - 22,401 - - 23,582 Substandard - - - - 14,893 10,661 - - 25,554 Pass 10,788 507,984 398,506 234,898 227,384 496,971 5,110 - 1,881,641 Total commercial multi-family $ 10,788 $ 508,731 $ 398,506 $ 242,261 $ 303,805 $ 574,350 $ 5,110 $ - $ 2,043,551 Commercial real estate non-owner occupied Watch $ - $ - $ 2,155 $ 1,241 $ 3,339 $ 52,379 $ - $ - $ 59,114 Special Mention - - - - 1,347 75,149 - - 76,496 Substandard - - 2,844 2,138 1,750 3,420 - - 10,152 Pass 28,126 549,487 204,917 246,309 108,845 474,644 7,102 - 1,619,430 Total commercial real estate non- owner occupied $ 28,126 $ 549,487 $ 209,916 $ 249,688 $ 115,281 $ 605,592 $ 7,102 $ - $ 1,765,192 Commercial real estate owner occupied Watch $ - $ - $ - $ 1,191 $ - $ 55,949 $ - $ - $ 57,140 Special Mention - - - 3,860 6,192 892 - - 10,944 Substandard - - - - 7,365 45,975 - - 53,340 Pass 47,027 361,856 417,522 114,090 77,271 376,040 5,854 - 1,399,660 Total commercial real estate owner occupied $ 47,027 $ 361,856 $ 417,522 $ 119,141 $ 90,828 $ 478,856 $ 5,854 $ - $ 1,521,084 Commercial and industrial Watch $ 2,320 $ 11,947 $ 2,532 $ 1,474 $ 1,783 $ 8,747 $ 3,641 $ - $ 32,444 Special Mention - 1,174 1,296 279 267 73 3 - 3,092 Substandard 255 584 176 134 4,219 2,089 3,477 - 10,934 Loss - 55 - 38 315 - - - 408 Pass 15,362 224,336 368,242 356,952 190,287 531,348 331,804 - 2,018,331 Total commercial and industrial $ 17,937 $ 238,096 $ 372,246 $ 358,877 $ 196,871 $ 542,257 $ 338,925 $ - $ 2,065,209 Year-to-Date gross write-offs $ 257 $ 218 $ 1 $ 8 $ 13 $ 2 $ - $ - $ 499 Construction Watch $ - $ - $ 12,364 $ - $ 6,909 $ 37,626 $ - $ - $ 56,899 Substandard - - - 1,423 - 9,260 - - 10,683 Pass 9,512 208,550 134,923 46,418 73,785 2,877 - - 476,065 Total construction $ 9,512 $ 208,550 $ 147,287 $ 47,841 $ 80,694 $ 49,763 $ - $ - $ 543,647 Mortgage Substandard $ - $ - $ 1,595 $ - $ 3,608 $ 9,516 $ - $ - $ 14,719 Pass 26,786 230,092 299,773 243,692 181,334 292,827 - - 1,274,504 Total mortgage $ 26,786 $ 230,092 $ 301,368 $ 243,692 $ 184,942 $ 302,343 $ - $ - $ 1,289,223 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 21 $ - $ 21 Total credit cards $ - $ - $ - $ - $ - $ - $ 21 $ - $ 21 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 1 $ - $ 1 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,162 $ 20 $ 1,551 $ 3,733 Loss - - - - - 111 - 775 886 Pass - - - - - 8,645 41,072 12,686 62,403 Total HELOCs $ - $ - $ - $ - $ - $ 10,918 $ 41,092 $ 15,012 $ 67,022 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 143 $ - $ - $ 143 Personal Substandard $ - $ 1,035 $ 226 $ 86 $ 175 $ 188 $ - $ - $ 1,710 Loss - 93 107 45 23 528 - - 796 Pass 20,044 147,255 39,982 5,756 10,285 2,323 - - 225,645 Total Personal $ 20,044 $ 148,383 $ 40,315 $ 5,887 $ 10,483 $ 3,039 $ - $ - $ 228,151 Year-to-Date gross write-offs $ - $ 2,331 $ 1,191 $ 271 $ 281 $ 96 $ - $ - $ 4,170 Other consumer Substandard $ - $ - $ - $ - $ - $ - $ 514 $ - $ 514 Pass - - - - - - 8,247 - 8,247 Total Other consumer $ - $ - $ - $ - $ - $ - $ 8,761 $ - $ 8,761 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 53 $ - $ - $ 53 Total Popular U.S. $ 160,220 $ 2,245,195 $ 1,887,160 $ 1,267,387 $ 982,904 $ 2,567,118 $ 406,865 $ 15,012 $ 9,531,861 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Watch $ 6,867 $ 747 $ - $ 6,182 $ 79,893 $ 48,695 $ - $ - $ 142,384 Special mention - - - 1,181 - 25,052 - - 26,233 Substandard - - - - 14,893 13,895 100 - 28,888 Pass 38,875 646,345 421,277 255,638 243,423 527,914 5,380 - 2,138,852 Total commercial multi-family $ 45,742 $ 647,092 $ 421,277 $ 263,001 $ 338,209 $ 615,556 $ 5,480 $ - $ 2,336,357 Commercial real estate non-owner occupied Watch $ - $ 348 $ 13,257 $ 14,863 $ 17,845 $ 120,646 $ - $ - $ 166,959 Special Mention - - 29,425 19,841 64,462 124,654 5,000 - 243,382 Substandard - 8,802 2,844 4,745 20,238 23,874 - - 60,503 Pass 104,581 1,407,441 783,554 614,602 146,965 1,106,480 16,208 - 4,179,831 Total commercial real estate non- owner occupied $ 104,581 $ 1,416,591 $ 829,080 $ 654,051 $ 249,510 $ 1,375,654 $ 21,208 $ - $ 4,650,675 Commercial real estate owner occupied Watch $ - $ 11,755 $ 4,457 $ 10,520 $ 4,148 $ 151,394 $ 600 $ - $ 182,874 Special Mention - 9 2,417 5,394 12,339 67,192 13,834 - 101,185 Substandard - 16,087 6,078 784 8,077 126,709 - - 157,735 Doubtful - - - - - 438 - - 438 Pass 66,748 584,407 673,375 314,442 107,148 816,558 13,677 - 2,576,355 Total commercial real estate owner occupied $ 66,748 $ 612,258 $ 686,327 $ 331,140 $ 131,712 $ 1,162,291 $ 28,111 $ - $ 3,018,587 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 3 $ - $ - $ 3 Commercial and industrial Watch $ 4,471 $ 32,968 $ 4,526 $ 4,363 $ 20,189 $ 85,291 $ 46,264 $ - $ 198,072 Special Mention - 2,752 6,464 21,128 1,343 53,584 5,788 - 91,059 Substandard 5,673 1,350 1,313 1,947 6,807 31,923 48,042 - 97,055 Doubtful - - - 28 - 37 - - 65 Loss - 55 - 38 315 - - - 408 Pass 243,495 983,171 947,033 632,700 355,238 860,041 1,591,305 - 5,612,983 Total commercial and industrial $ 253,639 $ 1,020,296 $ 959,336 $ 660,204 $ 383,892 $ 1,030,876 $ 1,691,399 $ - $ 5,999,642 Year-to-Date gross write-offs $ 429 $ 218 $ 55 $ 617 $ 13 $ 7 $ 767 $ - $ 2,106 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular, Inc. Construction Watch $ - $ 35,764 $ 17,156 $ - $ 6,909 $ 37,626 $ - $ - $ 97,455 Substandard - - - 11,080 - 9,260 - - 20,340 Pass 9,512 224,931 171,257 58,208 76,091 2,877 38,325 - 581,201 Total construction $ 9,512 $ 260,695 $ 188,413 $ 69,288 $ 83,000 $ 49,763 $ 38,325 $ - $ 698,996 Mortgage Substandard $ - $ 107 $ 1,761 $ 481 $ 6,863 $ 99,519 $ - $ - $ 108,731 Pass 144,188 682,624 744,785 524,538 382,680 4,818,361 - - 7,297,176 Total mortgage $ 144,188 $ 682,731 $ 746,546 $ 525,019 $ 389,543 $ 4,917,880 $ - $ - $ 7,405,907 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 846 $ - $ - $ 846 Substandard $ - $ 1,065 $ 1,819 $ 623 $ 1,293 $ 1,250 $ - $ - $ 6,050 Loss - 54 - - - - - - 54 Pass 193,921 595,135 399,400 218,226 130,385 71,173 - - 1,608,240 Total leasing $ 193,921 $ 596,254 $ 401,219 $ 218,849 $ 131,678 $ 72,423 $ - $ - $ 1,614,344 Year-to-Date gross write-offs $ - $ 640 $ 634 $ 94 $ - $ 49 $ - $ - $ 1,417 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular, Inc. Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 12,058 $ - $ 12,058 Loss - - - - - - 3 - 3 Pass - - - - - - 1,034,135 - 1,034,135 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,046,196 $ - $ 1,046,196 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 8,677 $ - $ 8,677 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,162 $ 20 $ 1,551 $ 3,733 Loss - - - - - 111 - 775 886 Pass - - - - - 8,645 43,937 12,686 65,268 Total HELOCs $ - $ - $ - $ - $ - $ 10,918 $ 43,957 $ 15,012 $ 69,887 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 176 $ - $ - $ 176 Personal Substandard $ - $ 2,914 $ 2,304 $ 631 $ 1,668 $ 10,828 $ - $ 1,073 $ 19,418 Loss - 198 248 62 55 530 - - 1,093 Pass 245,560 881,462 321,075 95,310 110,964 140,025 - 26,162 1,820,558 Total Personal $ 245,560 $ 884,574 $ 323,627 $ 96,003 $ 112,687 $ 151,383 $ - $ 27,235 $ 1,841,069 Year-to-Date gross write-offs $ 2 $ 7,436 $ 5,724 $ 1,643 $ 1,730 $ 1,215 $ - $ - $ 17,750 Auto Substandard $ - $ 8,772 $ 11,611 $ 9,978 $ 8,858 $ 5,505 $ - $ - $ 44,724 Loss - 50 9 21 16 - - - 96 Pass 292,535 1,094,296 895,350 539,897 381,528 269,514 - - 3,473,120 Total Auto $ 292,535 $ 1,103,118 $ 906,970 $ 549,896 $ 390,402 $ 275,019 $ - $ - $ 3,517,940 Year-to-Date gross write-offs $ 83 $ 6,034 $ 3,168 $ 1,633 $ 1,200 $ - $ - $ - $ 12,118 Other consumer Substandard $ - $ - $ - $ 90 $ 18 $ 550 $ 684 $ - $ 1,342 Loss - - - - - 263 - - 263 Pass 7,750 28,099 16,877 6,725 4,002 5,788 67,927 - 137,168 Total Other consumer $ 7,750 $ 28,099 $ 16,877 $ 6,815 $ 4,020 $ 6,601 $ 68,611 $ - $ 138,773 Year-to-Date gross write-offs $ - $ 6 $ - $ - $ 1 $ 11,053 $ - $ - $ 11,060 Total Popular Inc. $ 1,364,176 $ 7,251,708 $ 5,479,672 $ 3,374,266 $ 2,214,653 $ 9,668,364 $ 2,943,287 $ 42,247 $ 32,338,373 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total BPPR Commercial: Commercial multi-family Watch $ - $ - $ - $ 18,508 $ - $ 4,687 $ - $ - $ 23,195 Special mention - - - - - 2,692 - - 2,692 Substandard - - - - - 3,326 100 - 3,426 Pass 137,411 22,850 20,821 16,145 24,640 30,193 - - 252,060 Total commercial multi-family $ 137,411 $ 22,850 $ 20,821 $ 34,653 $ 24,640 $ 40,898 $ 100 $ - $ 281,373 Commercial real estate non-owner occupied Watch $ 173 $ 36,228 $ 14,045 $ 14,942 $ 7,777 $ 99,269 $ - $ - $ 172,434 Special Mention - 4,361 19,970 7,517 - 25,540 - - 57,388 Substandard 8,933 - 3,209 19,004 25,490 21,064 - - 77,700 Pass 855,839 585,690 294,086 94,056 35,105 568,893 16,136 - 2,449,805 Total commercial real estate non- owner occupied $ 864,945 $ 626,279 $ 331,310 $ 135,519 $ 68,372 $ 714,766 $ 16,136 $ - $ 2,757,327 Commercial real estate owner occupied Watch $ 2,296 $ 5,271 $ 9,447 $ 4,275 $ 31,649 $ 71,568 $ - $ - $ 124,506 Special Mention 10 284 1,684 6,578 1,076 61,460 - - 71,092 Substandard 16,205 6,177 802 800 770 84,205 - - 108,959 Doubtful - - - - - 505 - - 505 Pass 227,404 258,473 274,333 30,691 68,029 407,322 16,742 - 1,282,994 Total commercial real estate owner occupied $ 245,915 $ 270,205 $ 286,266 $ 42,344 $ 101,524 $ 625,060 $ 16,742 $ - $ 1,588,056 Commercial and industrial Watch $ 32,376 $ 2,185 $ 15,493 $ 18,829 $ 15,483 $ 51,602 $ 56,508 $ - $ 192,476 Special Mention 2,537 2,479 5,770 1,139 6 |
Mortgage banking activities
Mortgage banking activities | 3 Months Ended |
Mar. 31, 2023 | |
Mortgage Banking [Abstract] | |
Mortgage Banking Activities | Note 10 – Mortgage banking activities Income mortgage residential mortgage contracts mortgage loans held for sale, if any, are recorded as part of the mortgage The following table presents the components of mortgage Quarters ended March 31, (In thousands) 2023 2022 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 8,689 $ 9,323 Mortgage servicing rights fair value adjustments (1,376) 1,088 Total mortgage 7,313 10,411 Net gain (loss) on sale of loans, including valuation on loans [1] 263 (1,534) Trading account (loss) profit: Unrealized (loss) gains on outstanding derivative positions (131) 2 Realized gains on closed derivative positions 56 4,135 Total trading account (75) 4,137 Losses on repurchased loans, including interest advances (101) (149) Total mortgage $ 7,400 $ 12,865 [1] Effective on January 1, 2023, loans held-for-sale at lower-of-cost-or-market. |
Transfers of financial assets a
Transfers of financial assets and mortgage servicing assets | 3 Months Ended |
Mar. 31, 2023 | |
Transfers and Servicing of Financial Assets | |
Transfers Of Financial Assets And Mortgage Servicing Assets | Note 11 – Transfers of financial assets and mortgage servicing assets The securitization transactions has made loans Statements for a description of such arrangements. No not contain $ 0.1 1.1 The during the quarters ended March 31, 2023 and Proceeds Obtained During the Quarter Ended March (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 1,067 $ - $ 1,067 Mortgage-backed securities - FNMA - 9,899 - 9,899 Total trading account $ - $ 10,966 $ - $ 10,966 Mortgage servicing rights $ - $ - $ 278 $ 278 Total $ - $ 10,966 $ 278 $ 11,244 Proceeds Obtained During the Quarter Ended March (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 77,894 $ - $ 77,894 Mortgage-backed securities - FNMA - 57,690 - 57,690 Mortgage-backed securities - FHLMC - 7,118 - 7,118 Total trading account $ - $ 142,702 $ - $ 142,702 Mortgage servicing rights $ - $ - $ 2,409 $ 2,409 Total $ - $ 142,702 $ 2,409 $ 145,111 During the quarter ended March 31, 2023, the Corporation retained servicing rights on whole loan sales involving approximately $ 10 million in principal 19 0.2 31, 2022 - 0.2 recourse agreements. The Corporation recognizes as assets the rights to service loans for others, transfers such as sales and securitizations. These mortgage The incorporates prepayment speeds, discount rate, cost to service, escrow account earnings, contractual servicing fee income, prepayment and late fees, among other considerations. Prepayment speeds are The following and 2022. Residential MSRs (In thousands) March 31, 2023 March 31, 2022 Fair value at beginning of period $ 128,350 $ 121,570 Additions 501 2,771 Changes due to payments on loans [1] (2,422) (2,983) Reduction due to loan repurchases (240) (252) Changes in fair value due to changes in valuation model inputs 1,286 4,252 Fair value at end of period [2] $ 127,475 $ 125,358 [1] Represents changes due to collection / realization of expected cash flows over time. [2] At March 31, 2023, PB had MSRs amounting to $ 2 .0 million (March 31, 2022 - $ 1.8 Residential mortgage loans serviced for others were 10.9 11.1 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 credited 0.31 % (March 31, 2022 - 0.31 %). Under these servicing agreements, the banking subsidiaries do not generally earn significant prepayment penalty fees on the underlying loans serviced. The section economic assumptions used quarters ended March 31, 2023 and 2022 were Quarters ended March 31, 2023 March 31, 2022 BPPR PB BPPR PB Prepayment speed 6.7 % 7.3 % 5.2 % 10.0 % Weighted average life (in years) 8.9 8.0 9.4 6.9 Discount rate (annual rate) 9.5 % 10.5 % 10.3 % 10.0 % Key performed immediate changes in those assumptions, were as follows Originated MSRs Purchased MSRs March 31, December 31, March 31, December 31, (In thousands) 2023 2022 2023 2022 Fair value of servicing rights $ 41,143 $ 41,548 $ 86,332 $ 86,802 Weighted average life (in years) 6.7 6.8 6.9 6.9 Weighted average prepayment speed (annual 6.0 % 5.9 % 7.0 % 7.0 % Impact on fair value of 10% adverse change $ (707) $ (730) $ (1,557) $ (1,602) Impact on fair value of 20% adverse change $ (1,387) $ (1,433) $ (3,056) $ (3,143) Weighted average discount rate (annual rate) 11.3 % 11.2 % 11.0 % 11.0 % Impact on fair value of 10% adverse change $ (1,449) $ (1,485) $ (3,192) $ (3,256) Impact on fair value of 20% adverse change $ (2,806) $ (2,876) $ (6,182) $ (6,304) 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 0.6 (December 31, 2022 - $ 0.6 Corporation’s liability of estimated losses related to loans Under the GNMA without delinquency repurchase, the Corporation is deemed to have regained effective control over these loans if the Corporation was the pool issuer. At March 31, 7 related 14 payment forbearance programs completes a payment deferral modification or other borrower assistance alternative. As long as the Corporation continues to service the Corporation. During the quarter ended March 31, 18 19 mortgage benefits of the principal and interest advances. The risk associated with place these loans under modification programs offered by FHA, VA or United States Department of Agriculture (USDA) mitigation programs offered by the Corporation, re-sold in the secondary market. |
Other real estate owned
Other real estate owned | 3 Months Ended |
Mar. 31, 2023 | |
Other Real Estate [Abstract] | |
Other Real Estate Owned | Note 12 – Other real estate owned The following tables present the 2022. For the quarter ended March 31, 2023 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 12,500 $ 76,626 $ 89,126 Write-downs in value (194) (751) (945) Additions 1,023 18,675 19,698 Sales (941) (15,099) (16,040) Other adjustments - (118) (118) Ending balance $ 12,388 $ 79,333 $ 91,721 For the quarter ended March 31, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,017 $ 70,060 $ 85,077 Write-downs in value (364) (328) (692) Additions 2,687 19,240 21,927 Sales (1,980) (13,543) (15,523) Other adjustments 108 (330) (222) Ending balance $ 15,468 $ 75,099 $ 90,567 |
Other assets
Other assets | 3 Months Ended |
Mar. 31, 2023 | |
Other Assets Abstract | |
Other assets | Note 13 − Other assets The caption of other assets in the consolidated (In thousands) March 31, 2023 December 31, 2022 Net deferred tax assets (net of valuation allowance) $ 907,689 $ 953,676 Investments under the equity method 210,923 210,001 Prepaid taxes 34,585 39,405 Other prepaid expenses 32,131 33,384 Capitalized software costs 80,097 81,862 Derivative assets 19,365 19,229 Trades receivable from brokers and counterparties 10,638 35,099 Receivables from investments maturities 25,000 125,000 Principal, interest and escrow servicing advances 56,952 41,916 Guaranteed mortgage loan claims receivable 59,738 59,659 Operating ROU assets (Note 28) 119,895 125,573 Finance ROU assets (Note 28) 19,856 18,884 Others 126,416 104,125 Total other assets $ 1,703,285 $ 1,847,813 The Corporation regularly incurs in the Other Assets line item in the accompanying Consolidated Statements of Financial Condition. costs arrangements can The following arrangements: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value March 31, 2023 Software development costs $ 65,817 $ 19,930 $ 45,887 Software license costs 41,298 18,658 22,640 Cloud computing arrangements 21,244 9,674 11,570 Total Capitalized $ 128,359 $ 48,262 $ 80,097 December 31, 2022 Software development costs $ 63,609 $ 16,803 $ 46,806 Software license costs 37,165 14,164 23,001 Cloud computing arrangements 20,745 8,690 12,055 Total Capitalized $ 121,519 $ 39,657 $ 81,862 [1] Software intangible assets is presented as part of Other [2] The tables above excludes assets which have been fully Total expenses in the consolidated statement of operations, Quarters ended March 31, (In thousands) 2023 2022 Software development and license costs $ 14,991 $ 11,755 Cloud computing arrangements 984 958 Total amortization $ 15,975 $ 12,713 |
Goodwill and other intangible a
Goodwill and other intangible assets | 3 Months Ended |
Mar. 31, 2023 | |
Goodwill and Intangible Assets Disclosure | |
Goodwill And Other Intangible Assets | Note 14 – Goodwill and other intangible assets Goodwill There were no The following tables present the gross amount of March 31, 2023 Balance at Balance at March 31, Accumulated March 31, 2023 impairment 2023 (In thousands) losses Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 173,411 391,045 Total Popular, $ 1,004,640 $ 177,212 $ 827,428 December 31, 2022 December 31, Accumulated December 31, 2022 impairment 2022 (In thousands) losses Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 173,411 391,045 Total Popular, $ 1,004,640 $ 177,212 $ 827,428 Other Intangible Assets The following table reflects the components of Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value March 31, 2023 Core deposits $ 12,810 $ 10,355 $ 2,455 Other customer relationships 14,286 5,352 8,934 Total other intangible $ 27,096 $ 15,707 $ 11,389 December 31, 2022 Core deposits $ 12,810 $ 10,034 $ 2,776 Other customer relationships 14,286 4,878 9,408 Total other intangible $ 27,096 $ 14,912 $ 12,184 During the 0.8 assets with definite useful lives (March 31, 2022 0.9 The following periods: (In thousands) Remaining 2023 $ 2,384 Year 2024 2,938 Year 2025 1,750 Year 2026 1,440 Year 2027 959 Later years 1,918 |
Deposits
Deposits | 3 Months Ended |
Mar. 31, 2023 | |
Deposits [Abstract] | |
Deposits | Note 15 – Deposits Total deposits as of the end of the periods presented consisted of: (In thousands) March 31, 2023 December 31, 2022 Savings accounts $ 15,168,450 $ 14,746,329 NOW, money market and other interest 22,438,462 23,738,940 Total savings, NOW, 37,606,912 38,485,269 Certificates of deposit: Under $250,000 4,690,631 4,235,651 $250,000 and over 2,715,495 2,545,750 7,406,126 6,781,401 Total interest bearing $ 45,013,038 $ 45,266,670 Non- interest bearing deposits $ 15,940,850 $ 15,960,557 Total deposits $ 60,953,888 $ 61,227,227 A summary of certificates of deposits by maturity at (In thousands) 2023 $ 3,522,720 2024 1,753,093 2025 818,396 2026 512,800 2027 456,013 2028 and thereafter 343,104 Total certificates of $ 7,406,126 At March 31, 2023, the Corporation had brokered 1.2 1.1 The aggregate amount of overdrafts in demand 5.4 (December 31, 2022 - $ 6.3 At March 15.5 bearing hurricane recovery related Federal assistance and seasonal other hand, assistance is instrumentalities mandated require outflows are lower. |
Borrowings
Borrowings | 3 Months Ended |
Mar. 31, 2023 | |
Debt Disclosure [Abstract] | |
Borrowings | Note 16 – Borrowings Assets sold under agreements to repurchase Assets sold under agreements to repurchase amounted 123 149 The Corporation’s repurchase repurchase agreements. related Pursuant to the with the same counterparty. The following table that are collateralized with or which have been obtained under agreements to resell. under agreements Condition. Repurchase agreements accounted for as secured borrowings March 31, 2023 December 31, 2022 Repurchase Repurchase (In thousands) U.S. Treasury securities Within 30 days $ 17,521 $ 410 After 30 to 90 days 21,607 30,739 After 90 days 8,788 17,521 Total U.S. Treasury 47,916 48,670 Mortgage-backed securities 25,106 98,984 791 791 49,474 - Total mortgage-backed 75,371 99,775 Collateralized mortgage obligations 212 164 Total collateralized 212 164 Total $ 123,499 $ 148,609 Repurchase agreements in this portfolio liquidity risks arising from secured securities collateral and pursuing longer durations, Other short-term borrowings There no 365 December 31, 2022. Notes Payable The following table presents the composition of notes (In thousands) March 31, 2023 December 31, 2022 Advances with the FHLB with maturities ranging from 2023 2029 monthly fixed rates ranging from 0.39 % to 3.18 % $ 388,282 $ 389,282 Unsecured senior debt securities with maturities ranging 2023 2028 semiannually 6.125 % to 7.25 %, net of debt issuance costs of $ 7,481 692,519 299,109 Junior subordinated deferrable interest debentures (related to 2034 6.125 % to 6.564 %, net of debt issuance costs of $ 308 198,326 198,319 Total notes payable $ 1,279,127 $ 886,710 Note: Refer to the 2022 Form 10-K for rates information A breakdown of borrowings by contractual maturities Assets sold under (In thousands) agreements to repurchase Notes payable Total 2023 $ 118,894 $ 341,687 $ 460,581 2024 4,605 91,943 96,548 2025 - 139,920 139,920 2026 - 74,500 74,500 Later years - 631,077 631,077 Total borrowings $ 123,499 $ 1,279,127 $ 1,402,626 At March up to 3.4 3.3 0.4 0.8 31, 2023 and December 31, 2022, the Corporation had placed $ 0.3 0.4 facility as collateral for and loans held-in-portfolio, and do not have restrictive Also, at March 31, amounting to 1.5 1.4 The facility is a collateralized source of credit that |
Other liabilities
Other liabilities | 3 Months Ended |
Mar. 31, 2023 | |
Other Liabilities Disclosure [Abstract] | |
Other liabilites | Note 17 − Other liabilities The caption of other liabilities in the consolidated (In thousands) March 31, 2023 December 31, 2022 Accrued expenses $ 286,567 $ 337,284 Accrued interest payable 36,442 39,288 Accounts payable 87,642 76,456 Dividends payable 39,586 39,525 Trades payable 402 9,461 Liability for GNMA loans sold with an option to repurchase 7,086 14,271 Reserves for loan indemnifications 6,472 7,520 Reserve for operational losses 37,165 39,266 Operating lease liabilities (Note 28) 131,438 137,290 Finance lease liabilities (Note 28) 25,729 24,737 Pension benefit obligation 7,544 8,290 Postretirement benefit obligation 118,308 118,336 Others 64,139 65,222 Total other liabilities $ 848,520 $ 916,946 |
Stockholders' equity
Stockholders' equity | 3 Months Ended |
Mar. 31, 2023 | |
Stockholders' Equity Note | |
Stockholders' Equity | Note 18 – Stockholders’ As of March 31, 4.5 cash dividends of $ 0.55 0.55 ) per common share amounting to 39.6 42.0 declared to stockholders of record as of the close March 20, 2023 April 3, 2023 . Accelerated share repurchase transaction (“ASR”) On 400 respect to 3,483,942 shares, 320 80 reduction of capital surplus. 1,582,922 of 120 Corporation repurchased a total of 5,066,864 78.9443 |
Other comprehensive (loss) inco
Other comprehensive (loss) income | 3 Months Ended |
Mar. 31, 2023 | |
Disclosure Of Change In Accumulated Other Comprehensive Income Loss [Abstract] | |
Other Comprehensive Income (Loss) | Note 19 – Other comprehensive loss The following 2023 and 2022. Changes in Accumulated Other Comprehensive Loss Quarters ended March 31, (In thousands) 2023 2022 Foreign currency translation Beginning Balance $ (56,735) $ (67,307) Other comprehensive loss (5,245) (2,858) Net change (5,245) (2,858) Ending balance $ (61,980) $ (70,165) Adjustment of pension and postretirement benefit plans Beginning Balance $ (144,335) $ (158,994) Other comprehensive loss before reclassifications - 1,269 Amounts reclassified from accumulated other comprehensive amortization of net losses 3,008 2,444 Net change 3,008 3,713 Ending balance $ (141,327) $ (155,281) Unrealized net holding losses on debt securities Beginning Balance $ (2,323,903) $ (96,120) Other comprehensive income (loss) before reclasifications 191,752 (1,075,830) Amounts reclassified from accumulated other comprehensive loss amortization of net unrealized losses of debt securities available-for-sale to held-to-maturity 33,633 - Net change 225,385 (1,075,830) Ending balance $ (2,098,518) $ (1,171,950) Unrealized net gains on cash flow hedges Beginning Balance $ 45 $ (2,648) Other comprehensive (loss) income before reclassifications (19) 3,139 Amounts reclassified from accumulated other comprehensive (26) (333) Net change (45) 2,806 Ending balance $ - $ 158 Total $ (2,301,825) $ (1,397,238) [1] All amounts presented are net of tax. The following table quarters ended March 31, 2023 and 2022. Reclassifications Out of Accumulated Other Comprehensive Affected Line Item in the Quarters ended March 31, (In thousands) Consolidated Statements of Operations 2023 2022 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ (4,813) $ (3,911) Total before tax (4,813) (3,911) Income tax benefit 1,805 1,467 Total net of tax $ (3,008) $ (2,444) Unrealized holding losses on debts securities Amortization of unrealized net losses of debt securities transferred to held-to-maturity Investment securities $ (42,040) $ - Total before tax (42,040) - Income tax benefit 8,407 - Total net of tax $ (33,633) $ - Unrealized net gains on cash flow hedges Forward contracts Mortgage banking activities $ 41 $ 978 Interest rate swaps Other operating income $ - $ (279) Total before tax 41 699 Income tax expense (15) (366) Total net of tax $ 26 $ 333 Total reclassification $ (36,615) $ (2,111) |
Guarantees
Guarantees | 3 Months Ended |
Mar. 31, 2023 | |
Guarantees | |
Guarantees | Note 20 – Guarantees At 0.2 0.3 unamortized balance of the obligations not anticipate any material losses related to these From time to time, the Corporation securitized mortgage loans into guaranteed mortgage-backed securities subject to limited, and in certain instances, lifetime credit has not 0.6 (December 31, 0.6 with FNMA credit recourse loss. arrangements mortgage repurchased approximately $ 1 31, - $ 3 securing the the property underlying interest established to cover the estimated credit loss exposure related to loans sold 6 (December 31, 2022 - $ 7 The following table shows the changes in the Corporation’s liability of estimated losses related to loans serviced with credit recourse provisions during the quarters ended March 31, 2023 Quarters ended March 31, (In thousands) 2023 2022 Balance as of beginning of period $ 6,897 $ 11,800 Provision (benefit) for recourse liability (654) 46 Net charge-offs (379) (1,511) Balance as of end of period $ 5,864 $ 10,335 When the the characteristics of the loans to March 31, 134 927 thousand mortgage insurance, and thus the ultimate losses From representations and warranties made in connection with associated 0.6 (December 31, 2022 - $ 0.6 Servicing agreements sold or serviced to certain other investors, including FHLMC, of principal, Corporation serviced 10.9 31, 2022 11.1 owner, from and advances delinquent and defaulted mortgage loans. In of the foreclosure proceedings and the Corporation 31, approximately 57 42 servicing portfolio experience comply with its obligation to advance funds as well Popular, 100 % owned consolidated 94 31, 193 securities (trust preferred securities) issued by agreement. Refer preferred securities. |
Commitments and contingencies
Commitments and contingencies | 3 Months Ended |
Mar. 31, 2023 | |
Commitments and Contingencies Disclosure | |
Commitments And Contingencies | Note 21 – Commitments and contingencies Off-balance sheet risk The Corporation financial needs of its customers. These financial instruments These instruments involve, consolidated statements of financial condition. The commitments to extend credit, standby of those instruments. The does for those reflected on the consolidated statements Financial instruments with periods presented were as follows: (In thousands) March 31, 2023 December 31, 2022 Commitments to extend credit: Credit card lines $ 5,956,261 $ 5,853,990 Commercial and construction lines of credit 4,727,401 4,425,825 Other consumer unused credit commitments 249,773 250,271 Commercial letters of credit 1,982 3,351 Standby letters of credit 28,938 27,868 Commitments to originate or fund mortgage loans 36,662 45,170 At March 9.4 8.8 respectively, for potential losses associated with unfunded loan commitments Other commitments At March 31, 4.8 million, primarily for the acquisition of other investments. Business concentration Since the Corporation’s business activities are concentrated primarily in Puerto Rico, its results of operations and financial condition are dependent markets. The concentration with a wider geographic base. Its Financial Statements. Puerto Congress enacted the things, instrumentalities and proceedings under PROMESA, restructuring proceeding under PROMESA. At totaled $ 353 324 374 327 outstanding, 302 22 302 25 Substantially all municipalities. In most cases, these were “general obligations” of a municipality, to good pledged other revenues. At March 31, 2023, 73 % of the Corporation’s exposure to municipal loans and securities in the municipalities of San Juan, Guaynabo, Carolina The following table details the loans and investments representing the Corporation’s direct exposure to according to their maturities as of March 31, 2023: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 10 $ - $ 10 $ 10 After 5 to 10 years 1 - 1 1 After 10 years 30 - 30 30 Total Central 41 - 41 41 Municipalities Within 1 year 4,730 20,243 24,973 24,973 After 1 to 5 years 15,805 101,009 116,814 145,814 After 5 to 10 years 1,025 131,202 132,227 132,227 After 10 years - 49,831 49,831 49,831 Total Municipalities 21,560 302,285 323,845 352,845 Total Direct Government $ 21,601 $ 302,285 $ 323,886 $ 352,886 In addition, at March 245 entities but for 251 $ 204 instrumentality 209 mortgage loans event of a 41 million in HFA also provides (December 31, 42 those serving loans, obligations losses moratorium on the financial obligations of the HFA, a moratorium on BPPR’s other relationships with the government. These ongoing government furloughs or reductions in pension benefits. In 1.6 27 Protection Program (“PPP”) and 73 at March 31, 2023 (compared to $ 1.6 38 72 had U.S. Treasury available-for-sale and held-to-maturity securities as described At 28 million 28 number of service their outstanding debt obligations. At March COVID-19 Although approximately 210 214 December 31, 2022. Legal Proceedings The proceedings 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, quarterly basis, Popular assesses its liabilities and contingencies relating information reasonably estimated, quarterly amount of the loss cannot be reasonably estimated, In certain cases, Management believes and may be 0 16.04 as involves significant judgment, given the in preliminary stages), the yet to be determined, the numerous unresolved issues in potential losses may be more or less than the current estimate. While the available liability arising from adverse effect possible that the Corporation’s consolidated financial position for that period. Set forth below is a description of the Corporation’s BANCO POPULAR DE PUERTO RICO Mortgage-Related Litigation BPPR was residential through provide them with such reduced loan payments, instead subjecting them to lengthy loss mitigation processes while filing foreclosure claims (“RESPA”), Act (“FDCPA”) complaint. After waiving service BPPR entered an 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 issuing final which was denied Circuit. brief in January 2021. On March order dismissing pending resolution. Insufficient Funds and Overdraft Fees Class Actions In February Rico, filed before the United States District the covenant of good faith and fair dealing insufficient funds fee (“NSF Fees”) on the Fees”) on period dismiss the case. In April enrichment claim motion. In March Popular, 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 on “checks” in addition to ACH payments. During a settlement in principle on a and a agreement for the Court's preliminary approval. the settlement matters are now closed. Popular was also named as before alleged breach consumer protection law not overdraw the Settle sufficient funds state a 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 Voluntary argued failure only defendant remaining in the case, was served In scheduling November 2022, and several other parties in the 2022, the motion for the approval settlement agreement and scheduled the final approval On January Inc. d/b/a Banco Popular, filed before the U.S. District Court for the Southern District injunctive relief. Similar to the claims set forth in the violations of the covenant of good faith and transactions. are held for settlement. Popular waived service of process Plaintiff filed a Notice of Voluntary Dismissal in April 2022. On May Popular Plaintiff (“PB”) filed Motion conference September 8, 2022. Plaintiff opposed such motion on On December 9, 2022, the PB Appeals issued “CAMP” mediation conference, which was held on 2023, PB filed its appeal brief and, on April 10, Cyber Incident Related Litigation BPPR was named captioned safeguard experienced exploitation vendor. Plaintiff PII of the plaintiff all data state or local laws, as well as on May 27, 2022 to Dismiss and, on September 14, 2022, BPPR filed a reply in support of its Motion to Dismiss. On March 31, Court for entered a judgement dismissing the complaint without prejudice. not file a notice of appeal, the judgment became POPULAR SECURITIES Puerto Rico Bonds and Closed-End Investment The volatility primarily in and complaints 8 proceedings with 10.4 meritorious defenses to the claims asserted in these proceedings, claims defaults and Title III and Securities concerning Puerto Rico bonds and closed-end investment companies that invest primarily in Puerto results adverse effect on Popular. In October 2021, a panel in an arbitration proceeding with claimed damages arising from trading losses of approximately $ 30 ordered 6.9 2021, United Defendants”) alleging, inter alia, and Popular Defendants caused them to to the Plaintiffs on additional investment federal fault, fault in causing losses in value of the pledge collateral, breach of contract, request for specific compliance thereof, contractual negotiations, emotional distress, and punitive damages. In January 2022, Plaintiffs filed an Amended Complaint, and the Popular Defendants were served with summons on that same date. Plaintiffs demand no less than $ 390 award for costs and attorney's fees. The on June 10, 2022. Popular 2022. On between February 15, 2023, the United States District Court for the District of Puerto Rico issued an order dismissing the case and stating that a judgment shall be entered accordingly. PROMESA Title III Proceedings In Oversight Board Securities requests independent In August allegation that bonds enrichment claim against the Corporation and could also serve as a basis to equitably subordinate claims filed by the Corporation in the Title III proceeding to other third-party claims. After the publication of the Final Report, the Oversight Board created a special claims committee (“SCC”) and, before the end of the applicable two-year statute of limitations for the filing of such claims pursuant Commonwealth’s third parties, including government vendors and challenged as with respect to potential claims the SCC and the UCC, the Popular Companies for the avoidance and recovery of payments and/or transfers made to the Popular Companies or as a result of any role the UCC and the Popular Companies executed a settlement agreement as to potential claims related to the avoidance and recovery of payments and/or claims tolled the approval of the Commonwealth of Puerto Rico’s Plan Rico Avoidance Action Trust executed a settlement agreement as to potential claims related to the role of the Popular Companies in the offering of the challenged bond issuances. This matter |
Non-consolidated variable inter
Non-consolidated variable interest entities | 3 Months Ended |
Mar. 31, 2023 | |
Variable Interest Entity | |
Variable interest entity disclosure | Note 22 – Non-consolidated variable interest The Corporation is three are deemed to be variable interest entities (“VIEs”) since the equity investors at risk have no substantial decision-making rights. The Corporation does not the predetermined through sponsor is guaranteeing its own debt. Also, the including The exposure at . These entities guaranteed loan retained. The Corporation is not required to provide additional financial support to transferred Consolidated essentially, collateral, require can remove a agencies (FNMA and GNMA) have the obligation The mortgage obligations, including those securities originated by the Corporation and those acquired from Corporation holds agency mortgage-backed securities which information on the debt securities outstanding at March 31, and variable 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 non-consolidated VIEs FNMA loans at March 31, 2023 and December (In thousands) March 31, 2023 December 31, 2022 Assets Servicing assets: Mortgage servicing rights $ 98,184 $ 99,614 Total servicing $ 98,184 $ 99,614 Other assets: Servicing advances $ 5,942 $ 6,157 Total other assets $ 5,942 $ 6,157 Total assets $ 104,126 $ 105,771 Maximum exposure to loss $ 104,126 $ 105,771 The size of the total unpaid principal balance of the loans, 7.5 7.7 The Corporation servicing advances at March as part of the maximum exposure to loss since 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 changed therefore, these VIEs are not required to be consolidated |
Related party transactions
Related party transactions | 3 Months Ended |
Mar. 31, 2023 | |
Related Party Transactions | |
Related Party Transactions | Note 23 – Related party transactions The Corporation equity method investees considered related parties. EVERTEC Until information operated 0.6 dividends from its investment in Evertec during On July 1, 2022, BPPR completed its previously announced to amended and information transaction, relationship Evertec. As a stockholder’s equity under the equity method The following for the quarter ended March 31, 2022. Quarter ended March 31, (In thousands) 2022 Share of income from $ 6,318 Share of other changes in Evertec's stockholders' equity 1,787 Share of Evertec's changes in equity recognized in income $ 8,105 The following table presents and Corporation are presented with parenthesis. Quarter ended March 31, (In thousands) 2022 Category Interest expense on deposits $ (132) Interest expense ATH and credit cards interchange 6,683 Other service fees Rental income charged to EVERTEC 1,681 Net occupancy Processing fees on services provided by EVERTEC (62,222) Professional fees Other services provided to EVERTEC 218 Other operating expenses Total $ (53,772) Centro Financiero BHD León At March 15.84 % equity largest banking and financial services groups in the Dominican Republic. During the quarter ended March 31, 2023, the Corporation recorded $ 9.1 7.4 $ 201.4 199.8 Corporation from its investment in BHD León, during Investment Companies The Corporation, companies registered BPPR, also average net these investment companies as related parties. For the quarter ended March 31, 2023 administrative fees charged to 0.6 31, 2022 - 0.7 0.2 0.3 0.4 31, 2022 - $ 0.4 |
Fair value measurement
Fair value measurement | 3 Months Ended |
Mar. 31, 2023 | |
Fair Value Disclosures | |
Fair Value Measurement | Note 24 – Fair value measurement ASC Subtopic valuation techniques measurements and disclosures. The hierarchy is broken ● Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Corporation has the ability to access at since valuations are based on quoted prices that ● Level 2 - Quoted prices other than those included in Level 1 that are observable either directly or indirectly. include liabilities in market data for substantially the full term of the ● Level - Corporation’s own judgements about assumptions that The observable inputs be used when are curves, interest rates, that the financial instrument’s These adjustments include amounts that reflect counterparty credit quality, and unobservable parameters that are applied consistently. to estimate the fair value of assets and liabilities from The estimated fair financial instruments. Changes in the underlying assumptions Fair Value on a Recurring and Nonrecurring Basis The following fair value hierarchy tables a recurring basis at March 31, 2023 and December At March 31, 2023 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE Assets Debt securities available-for-sale: U.S. Treasury securities $ 1,865,470 $ 8,769,277 $ - $ - $ 10,634,747 Collateralized mortgage obligations - federal agencies - 158,772 - - 158,772 Mortgage-backed securities - 6,377,905 655 - 6,378,560 Other - 49 1,000 - 1,049 Total debt securities $ 1,865,470 $ 15,306,003 $ 1,655 $ - $ 17,173,128 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 15,462 $ - $ - $ - $ 15,462 Obligations of Puerto Rico, States and political subdivisions - 62 - - 62 Collateralized mortgage obligations - 45 88 - 133 Mortgage-backed securities - 13,779 188 - 13,967 Other - - 199 - 199 Total trading account derivatives $ 15,462 $ 13,886 $ 475 $ - $ 29,823 Equity securities $ - $ 32,545 $ - $ 318 $ 32,863 Mortgage servicing rights - - 127,475 - 127,475 Loans held-for-sale - 11,181 - - 11,181 Derivatives - 19,365 - - 19,365 Total assets measured recurring basis $ 1,880,932 $ 15,382,980 $ 129,605 $ 318 $ 17,393,835 Liabilities Derivatives $ - $ (17,115) $ - $ - $ (17,115) Total liabilities measured recurring basis $ - $ (17,115) $ - $ - $ (17,115) At December 31, 2022 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE Assets Debt securities available-for-sale: U.S. Treasury securities $ 1,908,589 $ 9,272,359 $ - $ - $ 11,180,948 Collateralized mortgage obligations - federal agencies - 165,196 - - 165,196 Mortgage-backed securities - 6,456,459 711 - 6,457,170 Other - 60 1,000 - 1,060 Total debt securities $ 1,908,589 $ 15,894,074 $ 1,711 $ - $ 17,804,374 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 13,069 $ - $ - $ - $ 13,069 Obligations of Puerto Rico, States and political subdivisions - 64 - - 64 Collateralized mortgage obligations - 47 113 - 160 Mortgage-backed securities - 14,008 215 - 14,223 Other - - 207 - 207 Total trading account derivatives $ 13,069 $ 14,119 $ 535 $ - $ 27,723 Equity securities $ - $ 29,302 $ - $ 330 $ 29,632 Mortgage servicing rights - - 128,350 - 128,350 Derivatives - 19,229 - - 19,229 Total assets measured recurring basis $ 1,921,658 $ 15,956,724 $ 130,596 $ 330 $ 18,009,308 Liabilities Derivatives $ - $ (17,000) $ - $ - $ (17,000) Total liabilities measured recurring basis $ - $ (17,000) $ - $ - $ (17,000) Beginning in the first quarter of 2023, the Corporation election better aligns with the management of had not elected the fair value option for any Loans held-for-sale measured at fair value Loans held-for-sale measured at fair value were priced The following table summarizes the difference between mortgage loans held for sale measured at fair value (In thousands) March 31, 2023 Aggregate Unpaid Fair Value Principal Balance Difference Loans held for sale $ 11,181 $ 11,116 $ 65 No During the quarter ended March 31,2023, the Corporation 70 value of mortgage loans held for sale for which the related hedging instrument, both of which Statement of Operations. The fair value information included in the following was recorded during the quarters ended March 31, longer outstanding Quarter ended March 31, 2023 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE Assets Write-downs Loans [1] $ - $ - $ 1,629 $ 1,629 $ (3) Other real estate owned [2] - - 2,330 2,330 (628) Other foreclosed assets [2] - - 15 15 (4) Total assets measured $ - $ - $ 3,974 $ 3,974 $ (635) [1] Relates mainly to certain impaired collateral dependent loans. derived from appraisals that take into consideration prices excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and excluded from the reported fair value amount. Quarter ended March 31, 2022 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE Assets Write-downs Loans [1] $ - $ - $ 4,891 $ 4,891 $ (180) Loans held-for-sale [2] - - 55,150 55,150 (675) Other real estate owned [3] - - 1,432 1,432 (495) Total assets measured $ - $ - $ 61,473 $ 61,473 $ (1,350) [1] Relates mainly to certain impaired collateral dependent loans. derived from appraisals that take into consideration prices excluded from the reported fair value amount. [2] Relates to a quarterly valuation on loans held-for-sale. [3] Represents the fair value of foreclosed real estate and excluded from the reported fair value amount. The following tables present the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the quarters ended March 31, 2023 and 2022. Quarter ended March 31, 2023 MBS Other CMOs MBS Other classified securities classified classified securities as debt classified as as trading as trading classified securities account account as trading Mortgage available- available- account debt servicing Total (In thousands) for-sale for-sale securities securities securities rights assets Balance at December 31, 2022 $ 711 $ 1,000 $ 113 $ 215 $ 207 $ 128,350 $ 130,596 Gains (losses) included in earnings - - - (1) (8) (1,376) (1,385) Gains (losses) included in OCI (6) - - - - - (6) Additions - - - - - 501 501 Settlements (50) - (25) (26) - - (101) Balance at March 31, 2023 $ 655 $ 1,000 $ 88 $ 188 $ 199 $ 127,475 $ 129,605 Changes in unrealized gains (losses) included in earnings relating to assets still held at March 31, 2023 $ - $ - $ - $ - $ 9 $ 1,286 $ 1,295 Quarter ended March 31, 2022 MBS Other classified CMOs securities as investment classified classified securities as trading as trading Mortgage available- account account servicing Total Contingent Total (In thousands) for-sale securities securities rights assets consideration liabilities Balance at $ 826 $ 198 $ 280 $ 121,570 $ 122,874 $ 9,241 $ 9,241 Gains (losses) included in earnings - (1) (13) 1,017 1,003 - - Gains (losses) included in OCI (8) - - - (8) - - Additions - 2 - 2,771 2,773 - - Settlements (25) (25) - - (50) - - Balance at March 31, 2022 $ 793 $ 174 $ 267 $ 125,358 $ 126,592 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at March 31, 2022 $ - $ (1) $ 5 $ 4,252 $ 4,256 $ - $ - Gains and losses (realized and unrealized) included in earnings for the quarters ended March 31, 2023 and 2022 for and liabilities included in the previous tables are Quarter ended March 31, 2023 Quarter ended March 31, 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 $ (1,376) $ 1,286 $ 1,017 $ 4,252 Trading account (loss) profit (9) 9 (14) 4 Total $ (1,385) $ 1,295 $ 1,003 $ 4,256 The following instruments, excluding those instruments of prior transactions and/or unadjusted third-party pricing Fair value at (In thousands) 2023 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 88 Discounted cash flow model Weighted average life 0.3 0.1 0.5 Yield 4.9 % ( 4.9 % - 5.4 %) Prepayment speed 9.2 % ( 8.3 % - 27.8 %) Other - trading $ 199 Discounted cash flow model Weighted average life 2.5 Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 1,560 [2] External appraisal Haircut applied on external appraisals 35.0 % [1] Weighted average of significant unobservable inputs [2] Loans held-in-portfolio in which haircuts were not applied Fair value at (In thousands) 2022 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 174 Discounted cash flow model Weighted average life 0.7 0.5 1 Yield 3.9 % ( 3.9 % - 4.5 %) Prepayment speed 8.4 % ( 0.1 % - 15.7 %) Other - trading $ 267 Discounted cash flow model Weighted average life 2.9 Yield 12.0% Prepayment speed 10.8% Contingent consideration $ (9,241) Probability weighted discounted cash flows Discount rate 2.52 % Loans held-in-portfolio $ 4,653 [2] External appraisal Haircut applied on external appraisals 12.6 % [1] Weighted average of significant unobservable inputs [2] Loans held-in-portfolio in which haircuts were not applied |
Fair value of financial instrum
Fair value of financial instruments | 3 Months Ended |
Mar. 31, 2023 | |
Fair Value Disclosures | |
Fair Value of Financial Instruments | Note 25 – Fair value of financial instruments The fair between available, fair values have been estimated using present best judgment with respect to current economic conditions, including discount rates, estimates of future cash flows, and prepayment assumptions. Many of these in actual transactions. The fair values 31, 2022, as applicable. In different interest rate environments, rate generating businesses concern. There have been each class of financial assets and liabilities not measured The following tables present the the fair estimate of the underlying value of the Corporation. March 31, 2023 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 462,013 $ 462,013 $ - $ - $ - $ 462,013 Money market investments 6,098,288 6,091,115 7,173 - - 6,098,288 Trading account debt securities, excluding [1] 29,823 15,462 13,886 475 - 29,823 Debt securities available-for-sale [1] 17,173,128 1,865,470 15,306,003 1,655 - 17,173,128 Debt securities held-to-maturity: U.S. Treasury securities $ 8,494,652 $ - $ 8,534,105 $ - $ - $ 8,534,105 Obligations of Puerto Rico, States and political subdivisions 55,633 - - 57,839 - 57,839 Collateralized mortgage obligation-federal agency 16 - - 16 - 16 Securities in wholly owned statutory business trusts 5,959 - 5,959 - - 5,959 Total debt securities $ 8,556,260 $ - $ 8,540,064 $ 57,855 $ - $ 8,597,919 Equity securities: FHLB stock $ 49,265 $ - $ 49,265 $ - $ - $ 49,265 FRB stock 99,134 - 99,134 - - 99,134 Other investments 37,518 - 32,545 5,482 318 38,345 Total equity securities $ 185,917 $ - $ 180,944 $ 5,482 $ 318 $ 186,744 Loans held-for-sale $ 11,181 $ - $ 11,181 $ - $ - $ 11,181 Loans held-in-portfolio 31,649,253 - - 30,066,069 - 30,066,069 Mortgage servicing rights 127,475 - - 127,475 - 127,475 Derivatives 19,365 - 19,365 - - 19,365 March 31, 2023 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 53,547,761 $ - $ 53,547,761 $ - $ - $ 53,547,761 Time deposits 7,406,127 - 7,019,993 - - 7,019,993 Total deposits $ 60,953,888 $ - $ 60,567,754 $ - $ - $ 60,567,754 Assets sold under agreements to repurchase $ 123,499 $ - $ 123,487 $ - $ - $ 123,487 Notes payable: FHLB advances $ 388,282 $ - $ 365,862 $ - $ - $ 365,862 Unsecured senior debt securities 692,519 - 693,253 - - 693,253 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,326 - 177,823 - - 177,823 Total notes payable $ 1,279,127 $ - $ 1,236,938 $ - $ - $ 1,236,938 Derivatives $ 17,115 $ - $ 17,115 $ - $ - $ 17,115 [1] Refer to Note 24 to the Consolidated Financial Statements December 31, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 469,501 $ 469,501 $ - $ - $ - $ 469,501 Money market investments 5,614,595 5,607,937 6,658 - - 5,614,595 Trading account debt securities, excluding [1] 27,723 13,069 14,119 535 - 27,723 Debt securities available-for-sale [1] 17,804,374 1,908,589 15,894,074 1,711 - 17,804,374 Debt securities held-to-maturity: U.S. Treasury securities $ 8,453,467 $ - $ 8,372,601 $ - $ - $ 8,372,601 Obligations of Puerto Rico, States and political subdivisions 59,010 - - 61,617 - 61,617 Collateralized mortgage 19 - - 19 - 19 Securities in wholly owned statutory business trusts 5,959 - 5,959 - - 5,959 Total debt securities $ 8,518,455 $ - $ 8,378,560 $ 61,636 $ - $ 8,440,196 Equity securities: FHLB stock $ 65,861 $ - $ 65,861 $ - $ - $ 65,861 FRB stock 96,206 - 96,206 - - 96,206 Other investments 33,787 - 29,302 4,966 330 34,598 Total equity securities $ 195,854 $ - $ 191,369 $ 4,966 $ 330 $ 196,665 Loans held-for-sale $ 5,381 $ - $ - $ 5,404 $ - $ 5,404 Loans held-in-portfolio 31,357,467 - - 29,366,365 - 29,366,365 Mortgage servicing rights 128,350 - - 128,350 - 128,350 Derivatives 19,229 - 19,229 - - 19,229 December 31, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 54,445,825 $ - $ 54,445,825 $ - $ - $ 54,445,825 Time deposits 6,781,402 - 6,464,943 - - 6,464,943 Total deposits $ 61,227,227 $ - $ 60,910,768 $ - $ - $ 60,910,768 Assets sold under agreements to repurchase $ 148,609 $ - $ 148,566 $ - $ - $ 148,566 Other short-term borrowings [2] 365,000 - 365,000 - - 365,000 Notes payable: - FHLB advances $ 389,282 $ - $ 361,951 $ - $ - $ 361,951 Unsecured senior debt securities 299,109 - 300,027 - - 300,027 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,319 - 173,938 - - 173,938 Total notes payable $ 886,710 $ - $ 835,916 $ - $ - $ 835,916 Derivatives $ 17,000 $ - $ 17,000 $ - $ - $ 17,000 [1] Refer to Note 24 to the Consolidated Financial Statements [2] Refer to Note 16 to the Consolidated Financial Statements The notional amount 10.9 10.5 respectively, March 31, 2023 and December 31, 2022 is $ 31 of nonperformance. enter into those agreements, are not material |
Net income per common share
Net income per common share | 3 Months Ended |
Mar. 31, 2023 | |
Earnings Per Share | |
Net Income (Loss) Per Common Share | Note 26 – Net income per common share The following table March 31, 2023 and 2022 : Quarters ended March 31, (In thousands, except per share information) 2023 2022 Net income $ 158,979 $ 211,686 Preferred stock dividends (353) (353) Net income applicable to common stock $ 158,626 $ 211,333 Average common shares outstanding 71,541,778 78,443,706 Average potential dilutive common shares 64,418 151,757 Average common shares outstanding - assuming dilution 71,606,196 78,595,463 Basic EPS $ 2.22 $ 2.69 Diluted EPS $ 2.22 $ 2.69 For the quarters the December Financial Statements included in the 2022 Form 10-K. |
Revenue from contract with cust
Revenue from contract with customers | 3 Months Ended |
Mar. 31, 2023 | |
Revenue From Contract With Customer Abstract | |
Revenue From Contract With Customer Text Block | Note 27 – Revenue from contracts with customers The quarters ended March 31, 2023 and 2022 Quarters ended March 31, (In thousands) 2023 2022 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 32,152 $ 2,526 $ 37,985 $ 2,728 Other service fees: Debit card fees 12,948 218 11,562 217 Insurance fees, excluding reinsurance 10,798 1,307 10,038 1,322 Credit card fees, excluding late fees and membership 36,174 579 30,222 324 Sale and administration of investment products 6,558 - 5,791 - Trust fees 5,896 - 6,149 - Total revenue from [1] $ 104,526 $ 4,630 $ 101,747 $ 4,591 [1] The amounts include intersegment transactions of $ 1.6 1.5 Revenue from contracts with transferring the control obligation satisfied obligation satisfied at a point in time amount of revenue services. In determining the transaction price, the Corporation considers the effects of variable consideration. Variable consideration is included recognized will before they consideration to which it expects to an agent if it does not control an agent, revenues are presented in the amount Following is a description of the nature and timing Service charges on deposit accounts Service nonsufficient fund time, Corporation is acting as principal in these transactions. Debit card fees Debit card fees include, but are not limited to, interchange based fees triggers Corporation is acting as principal in these transactions. Insurance fees Insurance fees when related date. commissions Corporation is acting the sale. Credit card fees Credit card foreign transaction fees, and returned payments activity or acting as principal in these transactions. Sale and administration of investment products Fees from investment products, asset management fees, underwriting Commission income from investment products is recognized on the trade date since clearing, trade execution, and custody services are satisfied when brokerage contracts have no fixed duration and transactions since it economic benefits of investment products. Asset management fee market and thus as principal. Underwriting fees are the broker-dealer subsidiary is lead principal. Mutual fund fees, of the fees to be services substantially the same and have the same pattern of as principal. In turn, when it acts as third-party dealer, it is acting Trust fees Trust fees and provision of obligation Revenues are recognized in manager, it has the obligation to provide the specified service to the customer and paid by the customer for the specified services. |
Leases
Leases | 3 Months Ended |
Mar. 31, 2023 | |
Leases [Abstract] | |
Leases | Note 28 – Leases The These contracts generally do 0.1 31.8 years 20 obtain substantially all of the economic benefits from The Corporation Consolidated Statements of Financial Condition under the caption of other assets and other liabilities, respectively. Refer to Note 13 and liabilities. The Corporation uses the since it and subsidiaries, a credit spread is added to this rate The following table presents the undiscounted March 31, 2023 (In thousands) Remaining 2023 2024 2025 2026 2027 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 22,345 $ 28,441 $ 25,514 $ 16,995 $ 11,769 $ 44,279 $ 149,343 $ (17,905) $ 131,438 Finance Leases 3,404 4,631 4,743 4,402 2,468 9,346 28,994 (3,265) 25,729 The following table presents the lease cost recognized Quarters ended March 31, (In thousands) 2023 2022 Finance lease cost: Amortization of ROU assets $ 824 $ 759 Interest on lease liabilities 296 308 Operating lease cost 7,854 7,627 Short-term lease cost 73 55 Variable lease cost 56 23 Sublease income (9) (9) Total lease cost [1] $ 9,094 $ 8,763 [1] Total lease cost The leases. Quarters ended March 31, (Dollars in thousands) 2023 2022 Cash paid for amounts included in the measurement of Operating cash flows from operating leases $ 7,754 $ 7,506 Operating cash flows from finance leases 296 308 Financing cash flows from finance leases 804 833 ROU assets obtained in exchange for new lease obligations: Operating leases $ 967 $ 1,553 Finance leases 1,796 - Weighted-average remaining lease term: Operating leases 7.3 years 7.6 years Finance leases 8.2 years 8.7 years Weighted-average discount rate: Operating leases 3.0 % 2.8 % Finance leases 4.1 % 4.4 % As of March 31, 2023, the Corporation has additional operating contract amount of $ 6.8 10 20 |
Pension and postretirement bene
Pension and postretirement benefits | 3 Months Ended |
Mar. 31, 2023 | |
Employee benefits | |
Pension and postretirement benefits | Note 29 – Pension and postretirement benefits The regular employees of all subsidiaries (the “OPEB Plan”). The components of net periodic cost for the Pension Pension Plans OPEB Plan Quarter ended March 31, Quarter ended March 31, (In thousands) 2023 2022 2023 2022 Personnel Cost: $ - $ - $ 48 $ 121 Other operating expenses: 7,887 4,800 1,520 983 (8,591) (8,847) - - - - - - 5,366 3,911 (553) - Total net periodic $ 4,662 $ (136) $ 1,015 $ 1,104 The Corporation following contributions for the year ending December For the three months ended For the year ending (In thousands) March 31, 2023 December 31, 2023 Pension Plans $ 57 $ 228 OPEB Plan $ 1,566 $ 5,924 |
Stock-based compensation
Stock-based compensation | 3 Months Ended |
Mar. 31, 2023 | |
Disclosure of compensation related costs sharebased payments [Abstract] | |
Stock-based Compensation | Note 30 - Stock-based compensation On May 12, Corporation to subsidiaries (the was in effect 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 The restricted with Unless otherwise stated in an agreement, the compensation cost associated with the shares of restricted stock granted prior to 2021 was determined based on a two-prong vesting schedule. The first part is vested ratably over five or four years commencing at the date of grant (“the graduated vesting portion”) and the second part is vested at termination of employment after attainment of 55 years of age and 10 years of service or 60 years of age and 5 years of service (“the retirement vesting portion”). The graduated vesting portion is accelerated at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service. Restricted stock granted on or after 2021 will vest ratably in equal annual installments over a period of 4 years or 3 years, depending on the classification of the employee. The vesting schedule is accelerated at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service. The common stock provided that the Corporation achieves certain goals during a three-year performance cycle. on Common Equity based performance. based on weighted and The number of shares that will ultimately vest ranges from 50% to a 150% of target based on both market (TSR) and performance (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 management. (Not in thousands) Shares Weighted-Average Grant Date Fair Value Non-vested at December 31, 2021 321,883 $ 47.98 Granted 194,791 84.29 Performance Shares Quantity Adjustment 6,947 78.02 Vested (240,033) 66.11 Forfeited (1,625) 78.86 Non-vested at December 31, 2022 281,963 $ 56.50 Granted 127,203 74.29 Performance Shares Quantity Adjustment 5,674 64.57 Vested (128,027) 68.60 Forfeited (12,375) 56.76 Non-vested at March 31, 2023 274,438 $ 58.48 During the 69,488 52,584 ) and 57,715 shares (March 31, 2022 - 56,857 ) were awarded to management under the During 4.4 management incentive awards, with a tax benefit of 0.3 4.5 0.5 the quarter ended 5.8 grant date and $ 8.9 1.1 income 3.6 expense, with a tax 0.1 3.7 0.3 compensation cost related to non-vested restricted stock awards and performance shares to members of management at March 31, 2023 was $ 11.4 1.72 The following table summarizes the restricted stock (Not in thousands) Restricted Stock units Weighted-Average Grant Date Fair Value per Unit Non-vested at December 31, 2021 $ - $ - Granted 25,321 77.48 Vested (25,321) 77.48 Forfeited - - Non-vested at December 31, 2022 $ - $ - Granted 1,029 65.57 Vested (1,029) 65.57 Forfeited - - Non-vested at March 31, 2023 $ - $ - The forfeitable on the restricted common stock outstanding common stock, the Directors During the 1,029 530 ). the Corporation 67 13 (March 31, 44 8 quarter ended March 31, 2023 for Directors was 67 |
Income taxes
Income taxes | 3 Months Ended |
Mar. 31, 2023 | |
Income Tax Disclosure | |
Income Taxes | Note 31 – Income taxes The reason for the difference between the income amount computed by applying the statutory tax rate Quarters ended March 31, 2023 March 31, 2022 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 76,985 38 % $ 98,312 38 % Net benefit of tax exempt interest income (21,902) (11) (42,869) (16) Effect of income subject to preferential tax rate (855) - (3,945) (2) Deferred tax asset valuation allowance (4,565) (2) 3,891 1 Difference in tax rates due to multiple jurisdictions (5,169) (3) (6,493) (2) State and local taxes 3,355 2 3,665 1 Others (1,535) (1) (2,082) (1) Income tax expense $ 46,314 23 % $ 50,479 19 % For the quarter ended March 31, 2023, 46.3 50.5 for the valuation Corporate Alternative associated with the allocation of higher interest The following table presents a breakdown of the March 31, 2023 PR US Total Deferred tax assets: Tax credits available $ 261 $ 4,726 $ 4,987 Net operating loss and other carryforward available 121,758 655,505 777,263 Postretirement and pension benefits 47,039 - 47,039 Allowance for credit losses 238,695 30,628 269,323 Depreciation 6,033 6,257 12,290 FDIC-assisted transaction 152,665 - 152,665 Lease liability 27,995 22,427 50,422 Unrealized net loss on investment securities 235,932 20,832 256,764 Difference in outside basis from pass-through entities 32,800 - 32,800 Mortgage Servicing Rights 13,012 - 13,012 Other temporary differences 29,835 8,589 38,424 Total gross deferred 906,025 748,964 1,654,989 Deferred tax liabilities: Intangibles 82,103 55,415 137,518 Right of use assets 25,631 19,322 44,953 Deferred loan origination fees/cost 1,804 2,995 4,799 Loans acquired 22,134 - 22,134 Other temporary differences 6,159 422 6,581 Total gross deferred 137,831 78,154 215,985 Valuation allowance 138,016 396,472 534,488 Net deferred tax asset $ 630,178 $ 274,338 $ 904,516 PR US Total Deferred tax assets: Tax credits available $ 261 $ 2,781 $ 3,042 Net operating loss and other carryforward available 121,742 661,144 782,886 Postretirement and pension benefits 47,122 - 47,122 Allowance for credit losses 250,615 32,688 283,303 Depreciation 5,972 6,309 12,281 FDIC-assisted transaction 152,665 - 152,665 Lease liability 28,290 23,521 51,811 Unrealized net loss on investment securities 265,955 23,913 289,868 Difference in outside basis from pass-through entities 40,602 - 40,602 Mortgage Servicing Rights 13,711 - 13,711 Other temporary differences 17,122 7,815 24,937 Total gross deferred 944,057 758,171 1,702,228 Deferred tax liabilities: Intangibles 81,174 54,623 135,797 Right of use assets 26,015 20,262 46,277 Deferred loan origination fees/cost 1,076 2,961 4,037 Loans acquired 23,353 - 23,353 Other temporary differences 1,531 - 1,531 Total gross deferred 133,149 77,846 210,995 Valuation allowance 137,863 402,333 540,196 Net deferred tax asset $ 673,045 $ 277,992 $ 951,037 The condition as $ 0.9 1.0 3.2 deferred 2.6 assets United States. At 671 approximately $ 396 274 evaluates profitability for stability for historical financial metrics, in evidence accumulated global geopolitical uncertainty. that it is more likely than not that approximately $ 274 net operating deferred tax differences. Management quarterly income versus charge offs, NPLs inflows and NPA balances. At March 31, 2023, the Corporation’s net deferred tax 630 The Corporation’s Puerto Rico Banking operation is not in a cumulative loss position and has sustained profitability for the last three calendar evidence that asset. likely than not that such net deferred tax asset of The temporary losses will evidence that weighting of all the Holding Company will not be able a valuation allowance on the deferred tax asset 138 The reconciliation of unrecognized tax benefits, excluding (In millions) 2023 2022 Balance at January 1 $ 2.5 $ 3.5 Balance at March 31 $ 2.5 $ 3.5 At March 31, 2.6 (December 31, 2022 - $ 2.6 56 $ 83 no 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 After consideration benefits, including U.S. and Puerto Rico, that if recognized, would affect the Corporation’s effective tax rate, was approximately $ 4.3 million at March 31, 2023 (December 31, 2022 - $ 4.3 The amount of current judgment about uncertain tax positions. next 12 months. The political subdivisions, Federal jurisdiction: 2019 and thereafter; and in |
Supplemental disclosure on the
Supplemental disclosure on the consolidated statements of cash flows | 3 Months Ended |
Mar. 31, 2023 | |
Supplemental Cash Flow Information | |
Supplemental Disclosure on the Consolidated Statements of Cash Flows | Note 32 – Supplemental disclosure on the consolidated Additional disclosures on cash flow information and are listed in the following table: (In thousands) March 31, 2023 March 31, 2022 Non-cash activities: $ 18,367 $ 18,647 17,343 13,425 35,710 32,072 2,778 2,228 3,203 2,109 13,232 9,384 16,435 11,493 14,105 11,738 2,475 7,607 1,500 786 [1] 10,966 142,702 10,307 60,186 402 10,710 99,620 - 501 2,771 855 4,961 2,699 3,689 [1] Includes loans securitized into trading securities and subsequently The following table provides a reconciliation of Statement of Financial Condition that sum to the total of Flows. (In thousands) March 31, 2023 March 31, 2022 Cash and due from banks $ 427,160 $ 381,658 Restricted cash and due from banks 34,853 57,490 Restricted cash in money market investments 7,173 6,300 Total cash and due [2] $ 469,186 $ 445,448 [2] Refer to Note 5 - Restrictions on cash and due from banks |
Segment reporting
Segment reporting | 3 Months Ended |
Mar. 31, 2023 | |
Segment reporting disclosure | |
Segment Reporting | Note 33 – Segment reporting The two 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. markets the segments serve, as well as on the products Banco Popular de Puerto Rico: The Banco Popular de BPPR, including Auto management services of Popular Asset the insurance agency and reinsurance businesses Popular U.S.: Popular U.S. reportable segment PEF. financing services through PEF. network. The Corporate group and certain of Centro Financiero BHD, León. The reportable segments are primarily conducted at market rates, resulting of operations. The tables that follow present the results of operations 2023 For the quarter ended March 31, 2023 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 449,820 $ 90,086 $ 1 Provision for credit losses 45,708 2,065 - Non-interest income 147,471 6,384 (136) Amortization of intangibles 484 311 - Depreciation expense 11,669 1,814 - Other operating expenses 363,715 63,317 (136) Income tax expense 42,832 3,976 - Net income $ 132,883 $ 24,987 $ 1 Segment assets $ 55,770,442 $ 12,147,556 $ (541,534) For the quarter ended March 31, 2023 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 539,907 $ (8,251) $ - $ 531,656 Provision for credit losses (benefit) 47,773 (136) - 47,637 Non-interest income 153,719 9,714 (1,472) 161,961 Amortization of intangibles 795 - - 795 Depreciation expense 13,483 359 - 13,842 Other operating expenses 426,896 230 (1,076) 426,050 Income tax expense (benefit) 46,808 (321) (173) 46,314 Net income $ 157,871 $ 1,331 $ (223) $ 158,979 Segment assets $ 67,376,464 $ 5,803,751 $ (5,504,456) $ 67,675,759 2022 For the quarter ended March 31, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Eliminations Net interest income $ 415,169 $ 86,520 $ 1 Provision for credit losses (benefit) (13,690) (2,019) - Non-interest income 135,862 5,954 (137) Amortization of intangibles 484 407 - Depreciation expense 11,517 1,824 - Other operating expenses 334,878 53,639 (136) Income tax expense 39,316 11,592 - Net income $ 178,526 $ 27,031 $ - Segment assets $ 58,708,519 $ 10,579,410 $ (167,754) For the quarter ended March 31, 2022 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 501,690 $ (7,378) $ - $ 494,312 Provision for credit losses (benefit) (15,709) 209 - (15,500) Non-interest income 141,679 14,265 (1,252) 154,692 Amortization of intangibles 891 - - 891 Depreciation expense 13,341 289 - 13,630 Other operating expenses 388,381 444 (1,007) 387,818 Income tax expense (benefit) 50,908 (332) (97) 50,479 Net income $ 205,557 $ 6,277 $ (148) $ 211,686 Segment assets $ 69,120,175 $ 5,490,318 $ (5,085,411) $ 69,525,082 Geographic Information The following information presents selected its business. The BPPR operations lending activities in the U.S., through its New York Branch, include periodic loan participations with participated in loans 316 294 the BPPR segment related to its operations in the United 1.4 1.2 the quarter 25.4 12.0 from its operations in In $ 11.6 10.8 Islands. Geographic Information Quarter ended (In thousands) March 31, 2023 March 31, 2022 Revenues: [1] $ 547,903 $ 527,673 125,045 103,174 20,669 18,157 Total consolidated $ 693,617 $ 649,004 [1] Total revenues include (loss), including impairment on equity securities, net gain (loss) sold and other operating income. Selected Balance Sheet Information: (In thousands) March 31, 2023 December 31, 2022 Puerto Rico Total assets $ 52,973,724 $ 53,541,427 Loans 20,970,708 20,884,442 Deposits 50,589,328 51,138,790 United States Total assets $ 13,506,272 $ 12,718,775 Loans 10,825,221 10,643,964 Deposits 8,630,394 8,182,702 Other Total assets $ 1,195,763 $ 1,377,715 Loans 553,625 554,744 Deposits [1] 1,734,166 1,905,735 [1] Represents deposits from BPPR operations located in the |
Basis of presentation (Policies
Basis of presentation (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
Basis of presentation [Abstract] | |
Basis of presentation policy | Basis of Presentation The consolidated interim financial statements have been prepared without audit. The Consolidated Statement of Financial Condition data at opinion normal recurring nature, for a fair statement of Certain principles statements statements should be read in conjunction December 31, 2022, included indicative of the results that may be expected for The Corporation embarked on a of 2022. The needs and expectations of Corporation to technology and business transformation will be As implement agile and the transformation initiative and to better portray the level of technology effective processing related expenses as standalone expense categories in the were no related disclosures have been reclassified to conform The following table provides the detail of 31-Mar-22 Financial statement line item As reported Adjustments Adjusted Equipment expenses $ 23,479 $ (15,090) $ 8,389 Professional services 108,497 (71,705) 36,792 Technology and - 70,535 70,535 Processing and transactional services - 30,953 30,953 Communications 6,147 (2,474) 3,673 Other expenses 36,149 (12,219) 23,930 Net effect on operating expenses $ 174,272 $ - $ 174,272 |
Use of estimates | Use of Estimates in the Preparation of Financial Statements The preparation of financial requires management to make assets reporting period. Actual results could differ from those estimates. |
New Accounting Pronouncements (
New Accounting Pronouncements (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies | |
New accounting pronouncements policies | Recently Adopted Accounting Standards Updates Standard Description Date of adoption Effect on the financial statements FASB ASU 2022-05, Financial Services - Insurance (Topic 944) Transition for Sold Contracts The December 2022, which entity to make of (LDTI) transition guidance by-transaction been disposal significant derecognized contract. January 1, 2023 The the the not (LDTI). FASB ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50) Disclosure of Supplier Finance Program Obligations The September 2022, which requires to disclose information finance purchase of goods and services. January 1, 2023 The the the not use supplier finance programs. FASB ASU 2022-02, Financial Instruments— Credit Losses (Topic 326) Troubled Debt Restructurings and Vintage Disclosures The 2022, guidance (“TDRs”) in Troubled and refinancing determine whether a new loan. disclosure refinancing when difficulty disclosure current-period origination for financing investments in leases. January 1, 2023 The Corporation adopted ASU during adoption enhanced disclosure for to and charge Corporation be the under removal of for guidance eliminated measure from Corporation flow discontinuing the use of the DCF model to a losses 46 related modifications reduction and of increase modification. For related measurement of TDRs, the Corporation has retrospective approach for the of presented $ 29 beginning balance on January 1, 2023. Recently Adopted Accounting Standards Updates Standard Description Date of adoption Effect on the financial statements FASB ASU 2022-01, Derivatives and Hedging (Topic 815) – Fair Value Hedging—Portfolio Layer Method The 2022, allowing also hedged This fair closed prepayable considering when measuring those assets. January 1, 2023 The the adoption of ASU 2022-01 during the first hold value hedges. FASB ASU 2021-08, Business Combinations (Topic 805) – Accounting for Contract Assets and Contract Liabilities from Contracts with Customers The FASB 2021, requiring liabilities arising customers with ASC instead of fair value. January 1, 2023 The the adoption of ASU 2021-08 during the first consider contracts with customers recognized as part into on or after the effective date. Accounting Standards Updates Not Yet Adopted Standard Description Date of adoption Effect on the financial statements FASB ASU 2023-02, Investments—Equity Method and Joint Ventures (Topic 323) - Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method The 2023, permitting proportional amortization method to account for income low-income-housing structures certain eliminates 323-740 accounted amortization the use of other guidance. January 1, 2024 The Corporation the guidance statements disclosures. FASB ASU 2023-01, Leases (Topic 842), Lessors – Common Control Arrangements The 2023, requires improvements control leasehold control group as long the lease. companies improvements control leases as a transfer between entities under adjustments lessee underlying asset. January 1, 2024 The Corporation the guidance statements disclosures. For other recently issued Accounting Standards included in the 2022 Form 10-K. |
Summary of significant accoun_2
Summary of significant accounting policies (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies | |
Financing receivable modification | In connection with the implementation of the Accounting Standards Update (“ASU”) 2022-02, the Corporation has modified its policy related to principle of allowance for credit losses in connection with A conditions exist: the loan, a payment extension, a forgiveness of principal, or a more-than-insignificant payment delay. Determination that a borrower is experiencing difficulties is critical in the determination of the adequacy The experiencing financial difficulties. The Corporation applied a modified retrospective transition method for the implementation of ASU 2022-02 which of approximately $ 46 29 retained earnings. A loan modified non-accrual status until the borrower has demonstrated a willingness months of sustained performance after the modification (or one year for loans providing for quarterly or semi-annual payments)) and management has concluded that it is probable Refer Corporation’s determination of the ACL. |
Loans | Loans Effective on January 1, 2023, earnings. aggregate and sales participants’ views. |
Derivatives financial instruments | Derivative instruments Effective on the reclassified to net changes in the fair contracts to hedge the for the delayed delivery of securities, which the seller agrees to deliver on a specified future forward contracts are hedging a forecasted transaction Based Corporation discontinued changes in the fair value of the forward |
Fair Value Measurement (Policie
Fair Value Measurement (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies | |
Fair value measurement policy | ASC Subtopic valuation techniques measurements and disclosures. The hierarchy is broken ● Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Corporation has the ability to access at since valuations are based on quoted prices that ● Level 2 - Quoted prices other than those included in Level 1 that are observable either directly or indirectly. include liabilities in market data for substantially the full term of the ● Level - Corporation’s own judgements about assumptions that The observable inputs be used when are curves, interest rates, that the financial instrument’s These adjustments include amounts that reflect counterparty credit quality, and unobservable parameters that are applied consistently. to estimate the fair value of assets and liabilities from The estimated fair financial instruments. Changes in the underlying assumptions |
Revenue from contracts with cus
Revenue from contracts with customers (Policies) | 3 Months Ended |
Mar. 31, 2023 | |
Accounting Policies | |
Revenue recognition | Revenue from contracts with transferring the control obligation satisfied obligation satisfied at a point in time amount of revenue services. In determining the transaction price, the Corporation considers the effects of variable consideration. Variable consideration is included recognized will before they consideration to which it expects to an agent if it does not control an agent, revenues are presented in the amount Following is a description of the nature and timing Service charges on deposit accounts Service nonsufficient fund time, Corporation is acting as principal in these transactions. Debit card fees Debit card fees include, but are not limited to, interchange based fees triggers Corporation is acting as principal in these transactions. Insurance fees Insurance fees when related date. commissions Corporation is acting the sale. Credit card fees Credit card foreign transaction fees, and returned payments activity or acting as principal in these transactions. Sale and administration of investment products Fees from investment products, asset management fees, underwriting Commission income from investment products is recognized on the trade date since clearing, trade execution, and custody services are satisfied when brokerage contracts have no fixed duration and transactions since it economic benefits of investment products. Asset management fee market and thus as principal. Underwriting fees are the broker-dealer subsidiary is lead principal. Mutual fund fees, of the fees to be services substantially the same and have the same pattern of as principal. In turn, when it acts as third-party dealer, it is acting Trust fees Trust fees and provision of obligation Revenues are recognized in manager, it has the obligation to provide the specified service to the customer and paid by the customer for the specified services. |
Basis of presentation (Table)
Basis of presentation (Table) | 3 Months Ended |
Mar. 31, 2023 | |
Nature of operations and basis of presentation [Abstract] | |
Reclassification of Other Operating Expenses | 31-Mar-22 Financial statement line item As reported Adjustments Adjusted Equipment expenses $ 23,479 $ (15,090) $ 8,389 Professional services 108,497 (71,705) 36,792 Technology and - 70,535 70,535 Processing and transactional services - 30,953 30,953 Communications 6,147 (2,474) 3,673 Other expenses 36,149 (12,219) 23,930 Net effect on operating expenses $ 174,272 $ - $ 174,272 |
Debt securities available-for_2
Debt securities available-for-sale (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Investments [Abstract] | |
Debt Securities, Available-For-Sale | At March 31, 2023 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 4,724,780 $ 622 $ 50,140 $ 4,675,262 2.69 % After 1 to 5 years 5,991,694 43 308,049 5,683,688 1.33 After 5 to 10 years 308,525 - 32,728 275,797 1.63 Total U.S. Treasury 11,024,999 665 390,917 10,634,747 1.92 Collateralized mortgage obligations - federal agencies After 1 to 5 years 13,109 - 733 12,376 1.58 After 5 to 10 years 34,671 - 2,230 32,441 1.80 After 10 years 123,200 34 9,279 113,955 2.56 Total collateralized 170,980 34 12,242 158,772 2.33 Mortgage-backed securities Within 1 year 460 - 3 457 3.37 After 1 to 5 years 71,211 14 2,721 68,504 2.36 After 5 to 10 years 837,061 47 52,682 784,426 2.19 After 10 years 6,610,019 1,220 1,086,066 5,525,173 1.63 Total mortgage-backed 7,518,751 1,281 1,141,472 6,378,560 1.70 Other After 1 to 5 years 1,049 - - 1,049 3.98 Total other 1,049 - - 1,049 3.98 Total debt securities [1] $ 18,715,779 $ 1,980 $ 1,544,631 $ 17,173,128 1.84 % [1] 10.3 servicing agreements that the secured parties are not permitted 9.4 funds. 6.7 facilities. At December 31, 2022 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 4,576,127 $ 506 $ 47,156 $ 4,529,477 2.42 % After 1 to 5 years 6,793,739 - 410,858 6,382,881 1.35 After 5 to 10 years 308,854 - 40,264 268,590 1.63 Total U.S. Treasury 11,678,720 506 498,278 11,180,948 1.78 Collateralized mortgage obligations - federal agencies After 1 to 5 years 3,914 - 213 3,701 1.77 After 5 to 10 years 47,979 - 3,428 44,551 1.73 After 10 years 127,639 24 10,719 116,944 2.53 Total collateralized 179,532 24 14,360 165,196 2.30 Mortgage-backed securities After 1 to 5 years 74,328 11 3,428 70,911 2.33 After 5 to 10 years 866,757 43 58,997 807,803 2.16 After 10 years 6,762,150 932 1,184,626 5,578,456 1.61 Total mortgage-backed 7,703,235 986 1,247,051 6,457,170 1.68 Other After 1 to 5 years 1,062 - 2 1,060 3.98 Total other 1,062 - 2 1,060 3.98 Total debt securities [1] $ 19,562,549 $ 1,516 $ 1,759,691 $ 17,804,374 1.75 % [1] Includes $ 11.3 servicing agreements that the secured parties are not permitted 10.3 public funds. The Corporation had unpledged Available 6.4 borrowing facilities. |
Debt Securities Available For Sale Unrealized Loss Position Fair Value | At March 31, 2023 Less than 12 months 12 months or more Total Gross Gross Gross Fair Fair Fair (In thousands) value losses value losses value losses U.S. Treasury securities $ 2,162,329 $ 42,295 $ 6,598,099 $ 348,622 $ 8,760,428 $ 390,917 Collateralized mortgage obligations - federal agencies 42,946 1,526 113,220 10,716 156,166 12,242 Mortgage-backed securities 440,122 22,396 5,881,221 1,119,076 6,321,343 1,141,472 Total debt securities $ 2,645,397 $ 66,217 $ 12,592,540 $ 1,478,414 $ 15,237,937 $ 1,544,631 At December 31, 2022 Less than 12 months 12 months or more Total Gross Gross Gross Fair Fair Fair (In thousands) value losses value losses value losses U.S. Treasury securities $ 6,027,786 $ 288,582 $ 3,244,572 $ 209,696 $ 9,272,358 $ 498,278 Collateralized mortgage obligations - federal agencies 139,845 10,655 22,661 3,705 162,506 14,360 Mortgage-backed securities 1,740,214 138,071 4,662,195 1,108,980 6,402,409 1,247,051 Other 60 2 - - 60 2 Total debt securities $ 7,907,905 $ 437,310 $ 7,929,428 $ 1,322,381 $ 15,837,333 $ 1,759,691 |
Debt securities held-to-matur_2
Debt securities held-to-maturity (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Investments [Abstract] | |
Debt Securities, Held-to-maturity | At March 31, 2023 Allowance Carrying Value Gross Gross Weighted Amortized Book [1] for Credit Net of unrealized unrealized Fair average (In thousands) cost Value Losses Allowance gains losses value yield U.S. Treasury securities Within 1 year $ 649,391 $ 649,391 $ - $ 649,391 $ - $ 6,923 $ 642,468 2.75 % After 1 to 5 years 6,591,199 6,043,507 - 6,043,507 49,211 28,571 6,064,147 1.45 After 5 to 10 years 2,043,395 1,801,754 - 1,801,754 25,736 - 1,827,490 1.44 Total U.S. Treasury 9,283,985 8,494,652 - 8,494,652 74,947 35,494 8,534,105 1.54 Obligations of Puerto Rico, States and political subdivisions Within 1 year 4,730 4,730 21 4,709 18 3 4,724 6.15 After 1 to 5 years 15,805 15,805 212 15,593 119 115 15,597 3.83 After 5 to 10 years 1,025 1,025 34 991 34 - 1,025 5.80 After 10 years 40,865 40,865 6,525 34,340 4,423 2,270 36,493 1.40 Total obligations of political subdivisions 62,425 62,425 6,792 55,633 4,594 2,388 57,839 2.45 Collateralized mortgage obligations - federal agencies After 1 to 5 years 16 16 - 16 1 - 17 6.44 Total collateralized federal agencies 16 16 - 16 1 - 17 6.44 Securities in wholly owned statutory business trusts After 10 years 5,959 5,959 - 5,959 - - 5,959 6.33 Total securities business trusts 5,959 5,959 - 5,959 - - 5,959 6.33 Total debt securities $ 9,352,385 $ 8,563,052 $ 6,792 $ 8,556,260 $ 79,542 $ 37,882 $ 8,597,920 1.55 % [1] Book value includes $ 789 securities transferred from available-for-sale securities [2] Includes $ 7.1 Corporation had unpledged held-to-maturities securities with 1.3 At December 31, 2022 Allowance Carrying Value Gross Gross Weighted Amortized Book [1] for Credit Net of unrealized unrealized Fair average (In thousands) cost Value Losses Allowance gains losses value yield U.S. Treasury securities Within 1 year $ 499,034 $ 499,034 $ - $ 499,034 $ - $ 6,203 $ 492,831 2.83 % After 1 to 5 years 6,147,568 5,640,767 - 5,640,767 - 59,806 5,580,961 1.49 After 5 to 10 years 2,638,238 2,313,666 - 2,313,666 - 14,857 2,298,809 1.41 Total U.S. Treasury 9,284,840 8,453,467 - 8,453,467 - 80,866 8,372,601 1.54 Obligations of Puerto Rico, States and political subdivisions ` Within 1 year 4,530 4,530 8 4,522 5 - 4,527 6.08 % After 1 to 5 years 19,105 19,105 234 18,871 150 82 18,939 4.24 After 5 to 10 years 1,025 1,025 34 991 34 - 1,025 5.80 After 10 years 41,261 41,261 6,635 34,626 4,729 2,229 37,126 1.40 Total obligations of political subdivisions 65,921 65,921 6,911 59,010 4,918 2,311 61,617 2.61 Collateralized mortgage obligations - federal agencies After 1 to 5 years 19 19 - 19 - - 19 6.44 Total collateralized federal agencies 19 19 - 19 - - 19 6.44 Securities in wholly owned statutory business trusts After 10 years 5,959 5,959 - 5,959 - - 5,959 6.33 Total securities business trusts 5,959 5,959 - 5,959 - - 5,959 6.33 Total debt securities $ 9,356,739 $ 8,525,366 $ 6,911 $ 8,518,455 $ 4,918 $ 83,177 $ 8,440,196 1.55 % [1] Book value includes $ 831 securities transferred from available-for-sale securities [2] Includes $ 6.9 Corporation had unpledged held-to-maturities securities with 1.5 |
Debt securities held to maturity credit quality indicator | At March 31, 2023 At December 31, 2022 (In thousands) Securities issued by Puerto Rico municipalities Watch $ 2,905 $ 13,735 Pass 18,655 10,925 Total $ 21,560 $ 24,660 |
Debt securities held to maturity allowance for credit loss | For the quarters ended March 31, 2023 2022 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 6,911 $ 8,096 Provision for credit losses (benefit) (119) (252) Securities charged-off - - Recoveries - - Ending balance $ 6,792 $ 7,844 |
Loans (Tables)
Loans (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Purchased Financial Assets With Credit Deterioration | Purchased Credit Deteriorated (PCD) Loans The Corporation has purchased loans during deterioration of credit quality since origination. The (In thousands) March 31, 2023 March 31, 2022 Purchase price of loans at acquisition $ 255 $ 2,002 Allowance for credit losses at acquisition 68 612 Non-credit discount / (premium) at acquisition 9 99 Par value of acquired loans at acquisition $ 332 $ 2,713 |
Loans Held in Portfolio | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Past due financing receivables | The following tables present the and by loan class including those that are in non-performing status or that are accruing March 31, 2023 and December 31, 2022. March 31, 2023 BPPR 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 $ 650 $ - $ 185 $ 835 $ 291,971 $ 292,806 $ 185 $ - Commercial real estate: Non-owner occupied 2,739 1,584 22,856 27,179 2,858,304 2,885,483 22,856 - Owner occupied 21,496 - 37,779 59,275 1,438,228 1,497,503 37,779 - Commercial and industrial 17,934 793 31,847 50,574 3,883,859 3,934,433 30,132 1,715 Construction 8,081 - - 8,081 147,268 155,349 - - Mortgage 183,187 81,729 515,752 780,668 5,336,016 6,116,684 224,075 291,677 Leasing 12,301 2,605 6,103 21,009 1,593,335 1,614,344 6,103 - Consumer: Credit cards 7,162 5,823 12,061 25,046 1,021,129 1,046,175 - 12,061 Home equity lines of credit - - - - 2,865 2,865 - - Personal 14,131 8,990 17,427 40,548 1,572,370 1,612,918 17,412 15 Auto 60,324 12,684 39,516 112,524 3,405,416 3,517,940 39,516 - Other 1,264 49 1,091 2,404 127,608 130,012 921 170 Total $ 329,269 $ 114,257 $ 684,617 $ 1,128,143 $ 21,678,369 $ 22,806,512 $ 378,979 $ 305,638 March 31, 2023 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 $ - $ - $ 421 $ 421 $ 2,043,130 $ 2,043,551 $ 421 $ - Commercial real estate: Non-owner occupied 16,033 - 207 16,240 1,748,952 1,765,192 207 - Owner occupied 18,042 - 5,095 23,137 1,497,947 1,521,084 5,095 - Commercial and industrial 13,779 3 5,570 19,352 2,045,857 2,065,209 5,325 245 Construction 7,165 - - 7,165 536,482 543,647 - - Mortgage 22,041 1,499 14,719 38,259 1,250,964 1,289,223 14,719 - Consumer: Credit cards - - - - 21 21 - - Home equity lines of credit 496 70 4,618 5,184 61,838 67,022 4,618 - Personal 1,900 1,259 2,505 5,664 222,487 228,151 2,505 - Other 2 - 514 516 8,245 8,761 514 - Total $ 79,458 $ 2,831 $ 33,649 $ 115,938 $ 9,415,923 $ 9,531,861 $ 33,404 $ 245 March 31, 2023 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 $ 650 $ - $ 606 $ 1,256 $ 2,335,101 $ 2,336,357 $ 606 $ - Commercial real estate: Non-owner occupied 18,772 1,584 23,063 43,419 4,607,256 4,650,675 23,063 - Owner occupied 39,538 - 42,874 82,412 2,936,175 3,018,587 42,874 - Commercial and industrial 31,713 796 37,417 69,926 5,929,716 5,999,642 35,457 1,960 Construction 15,246 - - 15,246 683,750 698,996 - - Mortgage [1] 205,228 83,228 530,471 818,927 6,586,980 7,405,907 238,794 291,677 Leasing 12,301 2,605 6,103 21,009 1,593,335 1,614,344 6,103 - Consumer: Credit cards 7,162 5,823 12,061 25,046 1,021,150 1,046,196 - 12,061 Home equity lines of credit 496 70 4,618 5,184 64,703 69,887 4,618 - Personal 16,031 10,249 19,932 46,212 1,794,857 1,841,069 19,917 15 Auto 60,324 12,684 39,516 112,524 3,405,416 3,517,940 39,516 - Other 1,266 49 1,605 2,920 135,853 138,773 1,435 170 Total $ 408,727 $ 117,088 $ 718,266 $ 1,244,081 $ 31,094,292 $ 32,338,373 $ 412,383 $ 305,883 [1] It is the Corporation’s policy to report delinquent residential the U.S. Department of Veterans Affairs repayment is insured. 167 longer accruing interest as of March 31, 2023. Furthermore, the 40 guaranteed by FHA, but which are currently not accruing interest. exclude these balances from non-performing assets. [2] Loans held-in-portfolio are net of $ 307 11 [3] Includes $ 7.7 of which $ 5.1 2.6 Bank ("FRB") for discount window borrowings. The Corporation Federal Reserve Bank of New York 2.8 1.5 December 31, 2022 BPPR Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) or more past due Current Loans HIP loans loans Commercial multi-family $ 425 $ - $ 242 $ 667 $ 280,706 $ 281,373 $ 242 $ - Commercial real estate: Non-owner occupied 941 428 23,662 25,031 2,732,296 2,757,327 23,662 - Owner occupied 729 245 23,990 24,964 1,563,092 1,588,056 23,990 - Commercial and industrial 3,036 941 35,777 39,754 3,756,754 3,796,508 34,277 1,500 Construction - - - - 147,041 147,041 - - Mortgage 222,926 91,881 579,993 894,800 5,215,479 6,110,279 242,391 337,602 Leasing 11,983 3,563 5,941 21,487 1,564,252 1,585,739 5,941 - Consumer: Credit cards 7,106 5,049 11,910 24,065 1,017,766 1,041,831 - 11,910 Home equity lines of credit - - - - 2,954 2,954 - - Personal 13,232 8,752 18,082 40,066 1,545,621 1,585,687 18,082 - Auto 68,868 19,243 40,978 129,089 3,383,441 3,512,530 40,978 - Other 487 87 12,682 13,256 124,324 137,580 12,446 236 Total $ 329,733 $ 130,189 $ 753,257 $ 1,213,179 $ 21,333,726 $ 22,546,905 $ 402,009 $ 351,248 December 31, 2022 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) or more past due Current Loans HIP loans loans Commercial multi-family $ 2,177 $ - $ - $ 2,177 $ 2,038,163 $ 2,040,340 $ - $ - Commercial real estate: Non-owner occupied 484 - 1,454 1,938 1,740,405 1,742,343 1,454 - Owner occupied - - 5,095 5,095 1,485,398 1,490,493 5,095 - Commercial and industrial 12,960 2,205 4,685 19,850 2,022,842 2,042,692 4,319 366 Construction - - - - 610,943 610,943 - - Mortgage 16,131 5,834 20,488 42,453 1,244,739 1,287,192 20,488 - Consumer: Credit cards - - - - 39 39 - - Home equity lines of credit 413 161 4,110 4,684 64,278 68,962 4,110 - Personal 1,808 1,467 1,958 5,233 232,659 237,892 1,958 - Other - - 8 8 9,960 9,968 8 - Total $ 33,973 $ 9,667 $ 37,798 $ 81,438 $ 9,449,426 $ 9,530,864 $ 37,432 $ 366 December 31, 2022 Popular, Inc. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) or more past due Current Loans HIP [2] [3] loans loans Commercial multi-family $ 2,602 $ - $ 242 $ 2,844 $ 2,318,869 $ 2,321,713 $ 242 $ - Commercial real estate: Non-owner occupied 1,425 428 25,116 26,969 4,472,701 4,499,670 25,116 - Owner occupied 729 245 29,085 30,059 3,048,490 3,078,549 29,085 - Commercial and industrial 15,996 3,146 40,462 59,604 5,779,596 5,839,200 38,596 1,866 Construction - - - - 757,984 757,984 - - Mortgage [1] 239,057 97,715 600,481 937,253 6,460,218 7,397,471 262,879 337,602 Leasing 11,983 3,563 5,941 21,487 1,564,252 1,585,739 5,941 - Consumer: Credit cards 7,106 5,049 11,910 24,065 1,017,805 1,041,870 - 11,910 Home equity lines of credit 413 161 4,110 4,684 67,232 71,916 4,110 - Personal 15,040 10,219 20,040 45,299 1,778,280 1,823,579 20,040 - Auto 68,868 19,243 40,978 129,089 3,383,441 3,512,530 40,978 - Other 487 87 12,690 13,264 134,284 147,548 12,454 236 Total $ 363,706 $ 139,856 $ 791,055 $ 1,294,617 $ 30,783,152 $ 32,077,769 $ 439,441 $ 351,614 [1] It is the Corporation’s policy to report delinquent residential 90 days or more as opposed to non-performing since 190 mortgage loans insured by FHA or guaranteed by the VA Corporation has approximately $ 42 Due to the guaranteed nature of the loans, it is the Corporation’s [2] Loans held-in-portfolio are net of $ 295 5 [3] Includes $ 7.4 of which $ 4.8 2.6 Bank (FRB) for discount window borrowings. The Corporation Federal Reserve Bank of New York 2.1 1.4 |
Financing receivable non accrual status | March 31, 2023 BPPR 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 $ - $ 185 $ - $ 421 $ - $ 606 Commercial real estate non-owner occupied 19,324 3,532 - 207 19,324 3,739 Commercial real estate owner occupied 24,513 13,266 5,095 - 29,608 13,266 Commercial and industrial 17,551 12,581 - 5,325 17,551 17,906 Mortgage 103,316 120,759 227 14,492 103,543 135,251 Leasing 194 5,909 - - 194 5,909 Consumer: - - - 4,618 - 4,618 5,122 12,290 - 2,505 5,122 14,795 1,117 38,399 - - 1,117 38,399 263 658 - 514 263 1,172 Total $ 171,400 $ 207,579 $ 5,322 $ 28,082 $ 176,722 $ 235,661 December 31, 2022 BPPR 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 $ - $ 242 $ - $ - $ - $ 242 Commercial real estate non-owner occupied 15,639 8,023 1,454 - 17,093 8,023 Commercial real estate owner occupied 9,070 14,920 5,095 - 14,165 14,920 Commercial and industrial 20,227 14,050 - 4,319 20,227 18,369 Mortgage 119,027 123,364 71 20,417 119,098 143,781 Leasing 458 5,483 - - 458 5,483 Consumer: - - - 4,110 - 4,110 4,623 13,459 - 1,958 4,623 15,417 1,177 39,801 - - 1,177 39,801 263 12,183 - 8 263 12,191 Total $ 170,484 $ 231,525 $ 6,620 $ 30,812 $ 177,104 $ 262,337 |
Collateral dependent financial assets | March 31, 2023 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total BPPR Commercial multi-family $ 1,316 $ - $ - $ - $ - $ 1,316 Commercial real estate: Non-owner occupied 180,090 - - - - 180,090 Owner occupied 32,471 - - - - 32,471 Commercial and industrial 1,070 - 22 8,397 18,995 28,484 Mortgage 106,168 - - - - 106,168 Leasing - 844 - - - 844 Consumer: Personal 5,433 - - - - 5,433 Auto - 10,074 - - - 10,074 Other - - - - 263 263 Total BPPR $ 326,548 $ 10,918 $ 22 $ 8,397 $ 19,258 $ 365,143 Popular U.S. Commercial real estate: Owner occupied $ 5,095 $ - $ - $ - $ - $ 5,095 Commercial and industrial - - 74 - 2,000 2,074 Mortgage 775 - - - - 775 Total Popular U.S. $ 5,870 $ - $ 74 $ - $ 2,000 $ 7,944 Popular, Inc. Commercial multi-family $ 1,316 $ - $ - $ - $ - $ 1,316 Commercial real estate: Non-owner occupied 180,090 - - - - 180,090 Owner occupied 37,566 - - - - 37,566 Commercial and industrial 1,070 - 96 8,397 20,995 30,558 Mortgage 106,943 - - - - 106,943 Leasing - 844 - - - 844 Consumer: Personal 5,433 - - - - 5,433 Auto - 10,074 - - - 10,074 Other - - - - 263 263 Total Popular, $ 332,418 $ 10,918 $ 96 $ 8,397 $ 21,258 $ 373,087 December 31, 2022 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total BPPR Commercial multi-family $ 1,329 $ - $ - $ - $ - $ 1,329 Commercial real estate: Non-owner occupied 202,980 - - - - 202,980 Owner occupied 18,234 - - - - 18,234 Commercial and industrial 1,345 - 32 9,853 20,985 32,215 Mortgage 128,069 - - - - 128,069 Leasing - 1,020 - - - 1,020 Consumer: Personal 5,381 - - - - 5,381 Auto - 9,556 - - - 9,556 Other - - - - 263 263 Total BPPR $ 357,338 $ 10,576 $ 32 $ 9,853 $ 21,248 $ 399,047 Popular U.S. Commercial real estate: Non-owner occupied $ 1,454 $ - $ - $ - $ - $ 1,454 Owner occupied 5,095 - - - - 5,095 Commercial and industrial - - 136 - - 136 Mortgage 1,104 - - - - 1,104 Total Popular U.S. $ 7,653 $ - $ 136 $ - $ - $ 7,789 Popular, Inc. Commercial multi-family $ 1,329 $ - $ - $ - $ - $ 1,329 Commercial real estate: Non-owner occupied 204,434 - - - - 204,434 Owner occupied 23,329 - - - - 23,329 Commercial and industrial 1,345 - 168 9,853 20,985 32,351 Mortgage 129,173 - - - - 129,173 Leasing - 1,020 - - - 1,020 Consumer: Personal 5,381 - - - - 5,381 Auto - 9,556 - - - 9,556 Other - - - - 263 263 Total Popular, $ 364,991 $ 10,576 $ 168 $ 9,853 $ 21,248 $ 406,836 |
Allowance for credit losses -_2
Allowance for credit losses - loans held-in-portfolio (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Allowance for credit losses on financing receivables | The following March 31, 2023 and 2022. For the quarter ended March 31, 2023 BPPR Impact of Provision for Allowance for Beginning Adopting credit losses credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 5,210 $ - $ (454) $ - $ - $ - $ 4,756 Commercial real estate non-owner occupied 52,475 - 1,284 - - 135 53,894 Commercial real estate owner occupied 48,393 (1,161) (2,730) - (3) 1,510 46,009 Commercial and industrial 68,217 (552) 9,819 - (1,607) 1,165 77,042 Total Commercial 174,295 (1,713) 7,919 - (1,610) 2,810 181,701 Construction 2,978 - 94 - - - 3,072 Mortgage 117,344 (33,556) 1,267 68 (846) 4,800 89,077 Leasing 20,618 (35) 734 - (1,417) 1,090 20,990 Consumer 58,670 - 15,570 - (8,676) 2,389 67,953 103 - (39) - (33) 69 100 96,369 (7,020) 11,104 - (13,580) 1,535 88,408 129,735 (21) 8,319 - (12,118) 4,914 130,829 15,433 - 235 - (11,007) 216 4,877 Total Consumer 300,310 (7,041) 35,189 - (45,414) 9,123 292,167 Total - Loans $ 615,545 $ (42,345) $ 45,203 $ 68 $ (49,287) $ 17,823 $ 587,007 Allowance for credit losses - unfunded commitments: Commercial $ 4,336 $ - $ 564 $ - $ - $ - $ 4,900 Construction 2,022 - (76) - - - 1,946 Ending balance - unfunded commitments [1] $ 6,358 $ - $ 488 $ - $ - $ - $ 6,846 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2023 Popular U.S. Impact of Provision for Beginning Adopting credit losses - Ending (In thousands) Balance ASU 2022-02 (benefits) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 21,101 $ - $ (493) $ - $ 2 $ 20,610 Commercial real estate non-owner occupied 19,065 - (2,961) - 1,852 17,956 Commercial real estate owner occupied 8,688 - (224) - 24 8,488 Commercial and industrial 12,227 - 2,528 (499) 968 15,224 Total Commercial 61,081 - (1,150) (499) 2,846 62,278 Construction 1,268 - (10) - - 1,258 Mortgage 17,910 (2,098) (426) - 14 15,400 Consumer - - 1 (1) - - 2,439 - (712) (143) 269 1,853 22,057 (1,140) 4,191 (4,170) 383 21,321 2 - 49 (53) 5 3 Total Consumer 24,498 (1,140) 3,529 (4,367) 657 23,177 Total - Loans $ 104,757 $ (3,238) $ 1,943 $ (4,866) $ 3,517 $ 102,113 Allowance for credit losses - unfunded commitments: Commercial $ 1,175 $ - $ 54 $ - $ - $ 1,229 Construction 1,184 - 94 - - 1,278 Consumer 88 - (26) - - 62 Ending balance - unfunded commitments [1] $ 2,447 $ - $ 122 $ - $ - $ 2,569 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2023 Popular Inc. Impact Provision for Allowance for Beginning of adopting credit losses credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 26,311 $ - $ (947) $ - $ - $ 2 $ 25,366 Commercial real estate non-owner occupied 71,540 - (1,677) - - 1,987 71,850 Commercial real estate owner occupied 57,081 (1,161) (2,954) - (3) 1,534 54,497 Commercial and industrial 80,444 (552) 12,347 - (2,106) 2,133 92,266 Total Commercial 235,376 (1,713) 6,769 - (2,109) 5,656 243,979 Construction 4,246 - 84 - - - 4,330 Mortgage 135,254 (35,654) 841 68 (846) 4,814 104,477 Leasing 20,618 (35) 734 - (1,417) 1,090 20,990 Consumer 58,670 - 15,571 - (8,677) 2,389 67,953 2,542 - (751) - (176) 338 1,953 118,426 (8,160) 15,295 - (17,750) 1,918 109,729 129,735 (21) 8,319 - (12,118) 4,914 130,829 15,435 - 284 - (11,060) 221 4,880 Total Consumer 324,808 (8,181) 38,718 - (49,781) 9,780 315,344 Total - Loans $ 720,302 $ (45,583) $ 47,146 $ 68 $ (54,153) $ 21,340 $ 689,120 Allowance for credit losses - unfunded commitments: Commercial $ 5,511 $ - $ 618 $ - $ - $ - $ 6,129 Construction 3,206 - 18 - - - 3,224 Consumer 88 - (26) - - - 62 Ending balance - unfunded commitments [1] $ 8,805 $ - $ 610 $ - $ - $ - $ 9,415 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2022 BPPR Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 3,050 $ 385 $ - $ - $ - $ 3,435 Commercial real estate non-owner occupied 45,211 6,244 - - 184 51,639 Commercial real estate owner occupied 54,176 (10,091) - (118) 3,060 47,027 Commercial and industrial 49,491 (7,225) - (409) 1,513 43,370 Total Commercial 151,928 (10,687) - (527) 4,757 145,471 Construction 1,641 357 - - 416 2,414 Mortgage 138,286 (10,528) 612 (1,321) 4,313 131,362 Leasing 17,578 386 - (407) 841 18,398 Consumer 43,499 3,701 - (5,683) 2,265 43,782 98 (16) - (90) 94 86 71,022 1,613 - (6,858) 1,777 67,554 154,498 2,693 - (8,878) 4,017 152,330 15,612 (180) - (556) 338 15,214 Total Consumer 284,729 7,811 - (22,065) 8,491 278,966 Total - Loans $ 594,162 $ (12,661) $ 612 $ (24,320) $ 18,818 $ 576,611 Allowance for credit losses - unfunded commitments: Commercial $ 1,751 $ (104) $ - $ - $ - $ 1,647 Construction 2,388 (464) - - - 1,924 Ending balance - unfunded commitments [1] $ 4,139 $ (568) $ - $ - $ - $ 3,571 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2022 Popular U.S. Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 25,418 $ (2,770) $ - $ - $ 7 $ 22,655 Commercial real estate non-owner occupied 22,246 (6,851) - - 3 15,398 Commercial real estate owner occupied 6,053 3,836 - - 112 10,001 Commercial and industrial 10,160 453 - (127) 632 11,118 Total Commercial 63,877 (5,332) - (127) 754 59,172 Construction 4,722 (1,725) - - 1,128 4,125 Mortgage 16,192 1,632 - - 20 17,844 Consumer - (9) - - 9 - 3,708 (992) - (10) 919 3,625 12,700 4,616 - (1,218) 313 16,411 5 66 - (77) 10 4 Total Consumer 16,413 3,681 - (1,305) 1,251 20,040 Total - Loans $ 101,204 $ (1,744) $ - $ (1,432) $ 3,153 $ 101,181 Allowance for credit losses - unfunded commitments: Commercial $ 1,384 $ (66) $ - $ - $ - $ 1,318 Construction 2,337 (202) - - - 2,135 Consumer 37 (7) - - - 30 Ending balance - unfunded commitments [1] $ 3,758 $ (275) $ - $ - $ - $ 3,483 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2022 Popular Inc. Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 28,468 $ (2,385) $ - $ - $ 7 $ 26,090 Commercial real estate non-owner occupied 67,457 (607) - - 187 67,037 Commercial real estate owner occupied 60,229 (6,255) - (118) 3,172 57,028 Commercial and industrial 59,651 (6,772) - (536) 2,145 54,488 Total Commercial 215,805 (16,019) - (654) 5,511 204,643 Construction 6,363 (1,368) - - 1,544 6,539 Mortgage 154,478 (8,896) 612 (1,321) 4,333 149,206 Leasing 17,578 386 - (407) 841 18,398 Consumer 43,499 3,692 - (5,683) 2,274 43,782 3,806 (1,008) - (100) 1,013 3,711 83,722 6,229 - (8,076) 2,090 83,965 154,498 2,693 - (8,878) 4,017 152,330 15,617 (114) - (633) 348 15,218 Total Consumer 301,142 11,492 - (23,370) 9,742 299,006 Total - Loans $ 695,366 $ (14,405) $ 612 $ (25,752) $ 21,971 $ 677,792 Allowance for credit losses - unfunded commitments: Commercial $ 3,135 $ (170) $ - $ - $ - $ 2,965 Construction 4,725 (666) - - - 4,059 Consumer 37 (7) - - - 30 Ending balance - unfunded commitments [1] $ 7,897 $ (843) $ - $ - $ - $ 7,054 [1] Allowance for credit losses of unfunded commitments is |
Financing receivable modified for debtors experiencing financial difficulty | Loan Modifications Made to Borrowers Experiencing Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Mortgage $ 227 0.00 % $ - 0.00 % $ 227 0.00 % Consumer: 497 0.05 % - 0.00 % 497 0.05 % 172 0.01 % - 0.00 % 172 0.01 % 3 0.00 % - 0.00 % 3 0.00 % Total $ 899 0.00 % $ - 0.00 % $ 899 0.00 % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE owner occupied $ 1,754 0.12 % $ - 0.00 % $ 1,754 0.06 % Commercial and industrial 3,705 0.09 % - 0.00 % 3,705 0.06 % Construction - 0.00 % 3,518 0.65 % 3,518 0.50 % Mortgage 14,521 0.24 % 1,853 0.14 % 16,374 0.22 % Consumer: 26 0.00 % 54 0.02 % 80 0.00 % Total $ 20,006 0.09 % $ 5,425 0.06 % $ 25,431 0.08 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE non-owner occupied $ 1,751 0.06 % $ - 0.00 % $ 1,751 0.04 % CRE owner occupied 13,156 0.88 % 13,744 0.90 % 26,900 0.89 % Commercial and industrial 1,411 0.04 % 864 0.04 % 2,275 0.04 % Consumer: 33 0.03 % - 0.00 % 33 0.02 % Total $ 16,351 0.07 % $ 14,608 0.15 % $ 30,959 0.10 % Combination - Term extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE owner occupied $ 101 0.01 % $ - 0.00 % $ 101 0.00 % Mortgage 10,473 0.17 % 328 0.03 % 10,801 0.15 % Consumer: 422 0.03 % - 0.00 % 422 0.02 % 29 0.00 % - 0.00 % 29 0.00 % Total $ 11,025 0.05 % $ 328 0.00 % $ 11,353 0.04 % The following table describes the financial effect of the For the quarter ended March 31, 2023 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 6.00 % to 5.25 %. Mortgage Reduced weighted-average contractual interest rate from 5.69 % to 4.17 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.76 % to 4.47 %. Personal Reduced weighted-average contractual interest rate from 16.97 % to 9.11 %. Auto Reduced weighted-average contractual interest rate from 12.64 % to 12.62 %. Other Reduced weighted-average contractual interest rate from 17.99 % to 0 %. Term extension Loan Type Financial Effect CRE Owner occupied Added a weighted-average 2 Commercial and industrial Added a weighted-average 5 Construction Added a weighted-average 6 Mortgage Added a weighted-average 10 Consumer: Personal Added a weighted-average 6 Auto Added a weighted-average 2 Other than insignificant payment delay Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average 12 borrowers. CRE Owner occupied Added a weighted-average 7 Commercial and industrial Added a weighted-average 9 Consumer: Other Added a weighted-average 11 borrowers. The following table presents, by class, the performance BPPR For the period ended March 31, 2023 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE Non-owner occupied $ - $ - $ - $ - $ 1,751 $ 1,751 $ - $ - CRE Owner occupied - - 1,803 1,803 13,208 15,011 209 1,594 Commercial and industrial - - 142 142 4,974 5,116 28 114 Mortgage 1,202 180 7,518 8,900 16,321 25,221 - 7,518 Consumer: 21 46 96 163 334 497 96 - 6 - 232 238 382 620 - 232 - - - - 29 29 - - - - 33 33 3 36 - 33 Total $ 1,229 $ 226 $ 9,824 $ 11,279 $ 37,002 $ 48,281 $ 333 $ 9,491 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. Payment default charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that Popular U.S. For the period ended March 31, 2023 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE Owner occupied $ - $ - $ - $ - $ 13,744 $ 13,744 $ - $ - Commercial and industrial - - - - 864 864 - - Construction - - - - 3,518 3,518 - - Mortgage - - 104 104 2,077 2,181 - 104 Consumer: - - 54 54 - 54 - 54 Total $ - $ - $ 158 $ 158 $ 20,203 $ 20,361 $ - $ 158 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. Payment default charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that Popular Inc. For the period ended March 31, 2023 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE Non-owner occupied $ - $ - $ - $ - $ 1,751 $ 1,751 $ - $ - CRE Owner occupied - - 1,803 1,803 26,952 28,755 209 1,594 Commercial and industrial - - 142 142 5,838 5,980 28 114 Construction - - - - 3,518 3,518 - - Mortgage 1,202 180 7,622 9,004 18,398 27,402 - 7,622 Consumer: 21 46 96 163 334 497 96 - 6 - 286 292 382 674 - 286 - - - - 29 29 - - - - 33 33 3 36 - 33 Total $ 1,229 $ 226 $ 9,982 $ 11,437 $ 57,205 $ 68,642 $ 333 $ 9,649 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. charged-off, whichever occurs first. The recorded inve date. Loans modified with financial difficulty that |
Schedule of Trouble Debt Restructurings breakdown by Accrual and Nonaccrual Status | December 31, 2022 (In thousands) Accruing Non-Accruing Total Related Allowance Loans held-in-portfolio: $ 269,784 $ 54,641 $ 324,425 $ 18,451 [1] 1,169,976 86,790 1,256,766 58,819 1,154 24 1,178 43 54,395 7,883 62,278 13,577 Loans held-in-portfolio $ 1,495,309 $ 149,338 $ 1,644,647 $ 90,890 [1] At December 31, 2022, accruing mortgage loan TDRs include 725 |
Troubled Debt Restructurings Loan Count By Type Of Modification | For the quarter ended March 31, 2022 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial real estate non-owner occupied - - - 1 Commercial real estate owner occupied 1 1 - - Commercial and industrial 1 5 - 11 Mortgage 1 34 288 1 Consumer: 15 - - 15 25 20 - - - 1 - - Total 43 61 288 28 |
Troubled Debt Restructurings on Financing Receivables | Popular, Inc. For the quarter ended March 31, 2022 (In thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for loan losses as a result of modification Commercial real estate non-owner occupied 1 $ 3,400 $ 3,400 $ - Commercial real estate owner occupied 2 729 727 - Commercial and industrial 17 49,346 49,155 2,030 Mortgage 324 34,876 35,592 1,020 Consumer: 30 248 273 5 45 729 728 130 1 28 28 5 Total 420 $ 89,356 $ 89,903 $ 3,190 |
T D R Loans Subsequent Default | Defaulted during the quarter ended March 31, 2022 (In thousands) Loan count Recorded investment as of first default date Mortgage 6 $ 1,870 Consumer: 16 127 12 128 Total 34 $ 2,125 |
Financing Receivable Credit Quality Indicators | March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total BPPR Commercial: Commercial multi-family Watch $ 6,867 $ - $ - $ - $ 18,365 $ 4,378 $ - $ - $ 29,610 Special mention - - - - - 2,651 - - 2,651 Substandard - - - - - 3,234 100 - 3,334 Pass 28,087 138,361 22,771 20,740 16,039 30,943 270 - 257,211 Total commercial multi-family $ 34,954 $ 138,361 $ 22,771 $ 20,740 $ 34,404 $ 41,206 $ 370 $ - $ 292,806 Commercial real estate non-owner occupied Watch $ - $ 348 $ 11,102 $ 13,622 $ 14,506 $ 68,267 $ - $ - $ 107,845 Special Mention - - 29,425 19,841 63,115 49,505 5,000 - 166,886 Substandard - 8,802 - 2,607 18,488 20,454 - - 50,351 Pass 76,455 857,954 578,637 368,293 38,120 631,836 9,106 - 2,560,401 Total commercial real estate non- owner occupied $ 76,455 $ 867,104 $ 619,164 $ 404,363 $ 134,229 $ 770,062 $ 14,106 $ - $ 2,885,483 Commercial real estate owner occupied Watch $ - $ 11,755 $ 4,457 $ 9,329 $ 4,148 $ 95,445 $ 600 $ - $ 125,734 Special Mention - 9 2,417 1,534 6,147 66,300 13,834 - 90,241 Substandard - 16,087 6,078 784 712 80,734 - - 104,395 Doubtful - - - - - 438 - - 438 Pass 19,721 222,551 255,853 200,352 29,877 440,518 7,823 - 1,176,695 Total commercial real estate owner occupied $ 19,721 $ 250,402 $ 268,805 $ 211,999 $ 40,884 $ 683,435 $ 22,257 $ - $ 1,497,503 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 3 $ - $ - $ 3 Commercial and industrial Watch $ 2,151 $ 21,021 $ 1,994 $ 2,889 $ 18,406 $ 76,544 $ 42,623 $ - $ 165,628 Special Mention - 1,578 5,168 20,849 1,076 53,511 5,785 - 87,967 Substandard 5,418 766 1,137 1,813 2,588 29,834 44,565 - 86,121 Doubtful - - - 28 - 37 - - 65 Pass 228,133 758,835 578,791 275,748 164,951 328,693 1,259,501 - 3,594,652 Total commercial and industrial $ 235,702 $ 782,200 $ 587,090 $ 301,327 $ 187,021 $ 488,619 $ 1,352,474 $ - $ 3,934,433 Year-to-Date gross write-offs $ 172 $ - $ 54 $ 609 $ - $ 5 $ 767 $ - $ 1,607 Construction Watch $ - $ 35,764 $ 4,792 $ - $ - $ - $ - $ - $ 40,556 Substandard - - - 9,657 - - $ - - 9,657 Pass - 16,381 36,334 11,790 2,306 - 38,325 - 105,136 Total construction $ - $ 52,145 $ 41,126 $ 21,447 $ 2,306 $ - $ 38,325 $ - $ 155,349 Mortgage Substandard $ - $ 107 $ 166 $ 481 $ 3,255 $ 90,003 $ - $ - $ 94,012 Pass 117,402 452,532 445,012 280,846 201,346 4,525,534 - - 6,022,672 Total mortgage $ 117,402 $ 452,639 $ 445,178 $ 281,327 $ 204,601 $ 4,615,537 $ - $ - $ 6,116,684 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 846 $ - $ - $ 846 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total BPPR Leasing Substandard $ - $ 1,065 $ 1,819 $ 623 $ 1,293 $ 1,250 $ - $ - $ 6,050 Loss - 54 - - - - - - 54 Pass 193,921 595,135 399,400 218,226 130,385 71,173 - - 1,608,240 Total leasing $ 193,921 $ 596,254 $ 401,219 $ 218,849 $ 131,678 $ 72,423 $ - $ - $ 1,614,344 Year-to-Date gross write-offs $ - $ 640 $ 634 $ 94 $ - $ 49 $ - $ - $ 1,417 Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 12,058 $ - $ 12,058 Loss - - - - - - 3 - 3 Pass - - - - - - 1,034,114 - 1,034,114 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,046,175 $ - $ 1,046,175 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 8,676 $ - $ 8,676 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 2,865 $ - $ 2,865 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,865 $ - $ 2,865 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 33 $ - $ - $ 33 Personal Substandard $ - $ 1,879 $ 2,078 $ 545 $ 1,493 $ 10,640 $ - $ 1,073 $ 17,708 Loss - 105 141 17 32 2 - - 297 Pass 225,516 734,207 281,093 89,554 100,679 137,702 - 26,162 1,594,913 Total Personal $ 225,516 $ 736,191 $ 283,312 $ 90,116 $ 102,204 $ 148,344 $ - $ 27,235 $ 1,612,918 Year-to-Date gross write-offs $ 2 $ 5,105 $ 4,533 $ 1,372 $ 1,449 $ 1,119 $ - $ - $ 13,580 Auto Substandard $ - $ 8,772 $ 11,611 $ 9,978 $ 8,858 $ 5,505 $ - $ - $ 44,724 Loss - 50 9 21 16 - - - 96 Pass 292,535 1,094,296 895,350 539,897 381,528 269,514 - - 3,473,120 Total Auto $ 292,535 $ 1,103,118 $ 906,970 $ 549,896 $ 390,402 $ 275,019 $ - $ - $ 3,517,940 Year-to-Date gross write-offs $ 83 $ 6,034 $ 3,168 $ 1,633 $ 1,200 $ - $ - $ - $ 12,118 Other consumer Substandard $ - $ - $ - $ 90 $ 18 $ 550 $ 170 $ - $ 828 Loss - - - - - 263 - - 263 Pass 7,750 28,099 16,877 6,725 4,002 5,788 59,680 - 128,921 Total Other consumer $ 7,750 $ 28,099 $ 16,877 $ 6,815 $ 4,020 $ 6,601 $ 59,850 $ - $ 130,012 Year-to-Date gross write-offs $ - $ 6 $ - $ - $ 1 $ 11,000 $ - $ - $ 11,007 Total Puerto Rico $ 1,203,956 $ 5,006,513 $ 3,592,512 $ 2,106,879 $ 1,231,749 $ 7,101,246 $ 2,536,422 $ 27,235 $ 22,806,512 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular U.S. Commercial: Commercial multi-family Watch $ - $ 747 $ - $ 6,182 $ 61,528 $ 44,317 $ - $ - $ 112,774 Special mention - - - 1,181 - 22,401 - - 23,582 Substandard - - - - 14,893 10,661 - - 25,554 Pass 10,788 507,984 398,506 234,898 227,384 496,971 5,110 - 1,881,641 Total commercial multi-family $ 10,788 $ 508,731 $ 398,506 $ 242,261 $ 303,805 $ 574,350 $ 5,110 $ - $ 2,043,551 Commercial real estate non-owner occupied Watch $ - $ - $ 2,155 $ 1,241 $ 3,339 $ 52,379 $ - $ - $ 59,114 Special Mention - - - - 1,347 75,149 - - 76,496 Substandard - - 2,844 2,138 1,750 3,420 - - 10,152 Pass 28,126 549,487 204,917 246,309 108,845 474,644 7,102 - 1,619,430 Total commercial real estate non- owner occupied $ 28,126 $ 549,487 $ 209,916 $ 249,688 $ 115,281 $ 605,592 $ 7,102 $ - $ 1,765,192 Commercial real estate owner occupied Watch $ - $ - $ - $ 1,191 $ - $ 55,949 $ - $ - $ 57,140 Special Mention - - - 3,860 6,192 892 - - 10,944 Substandard - - - - 7,365 45,975 - - 53,340 Pass 47,027 361,856 417,522 114,090 77,271 376,040 5,854 - 1,399,660 Total commercial real estate owner occupied $ 47,027 $ 361,856 $ 417,522 $ 119,141 $ 90,828 $ 478,856 $ 5,854 $ - $ 1,521,084 Commercial and industrial Watch $ 2,320 $ 11,947 $ 2,532 $ 1,474 $ 1,783 $ 8,747 $ 3,641 $ - $ 32,444 Special Mention - 1,174 1,296 279 267 73 3 - 3,092 Substandard 255 584 176 134 4,219 2,089 3,477 - 10,934 Loss - 55 - 38 315 - - - 408 Pass 15,362 224,336 368,242 356,952 190,287 531,348 331,804 - 2,018,331 Total commercial and industrial $ 17,937 $ 238,096 $ 372,246 $ 358,877 $ 196,871 $ 542,257 $ 338,925 $ - $ 2,065,209 Year-to-Date gross write-offs $ 257 $ 218 $ 1 $ 8 $ 13 $ 2 $ - $ - $ 499 Construction Watch $ - $ - $ 12,364 $ - $ 6,909 $ 37,626 $ - $ - $ 56,899 Substandard - - - 1,423 - 9,260 - - 10,683 Pass 9,512 208,550 134,923 46,418 73,785 2,877 - - 476,065 Total construction $ 9,512 $ 208,550 $ 147,287 $ 47,841 $ 80,694 $ 49,763 $ - $ - $ 543,647 Mortgage Substandard $ - $ - $ 1,595 $ - $ 3,608 $ 9,516 $ - $ - $ 14,719 Pass 26,786 230,092 299,773 243,692 181,334 292,827 - - 1,274,504 Total mortgage $ 26,786 $ 230,092 $ 301,368 $ 243,692 $ 184,942 $ 302,343 $ - $ - $ 1,289,223 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 21 $ - $ 21 Total credit cards $ - $ - $ - $ - $ - $ - $ 21 $ - $ 21 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 1 $ - $ 1 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,162 $ 20 $ 1,551 $ 3,733 Loss - - - - - 111 - 775 886 Pass - - - - - 8,645 41,072 12,686 62,403 Total HELOCs $ - $ - $ - $ - $ - $ 10,918 $ 41,092 $ 15,012 $ 67,022 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 143 $ - $ - $ 143 Personal Substandard $ - $ 1,035 $ 226 $ 86 $ 175 $ 188 $ - $ - $ 1,710 Loss - 93 107 45 23 528 - - 796 Pass 20,044 147,255 39,982 5,756 10,285 2,323 - - 225,645 Total Personal $ 20,044 $ 148,383 $ 40,315 $ 5,887 $ 10,483 $ 3,039 $ - $ - $ 228,151 Year-to-Date gross write-offs $ - $ 2,331 $ 1,191 $ 271 $ 281 $ 96 $ - $ - $ 4,170 Other consumer Substandard $ - $ - $ - $ - $ - $ - $ 514 $ - $ 514 Pass - - - - - - 8,247 - 8,247 Total Other consumer $ - $ - $ - $ - $ - $ - $ 8,761 $ - $ 8,761 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 53 $ - $ - $ 53 Total Popular U.S. $ 160,220 $ 2,245,195 $ 1,887,160 $ 1,267,387 $ 982,904 $ 2,567,118 $ 406,865 $ 15,012 $ 9,531,861 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Watch $ 6,867 $ 747 $ - $ 6,182 $ 79,893 $ 48,695 $ - $ - $ 142,384 Special mention - - - 1,181 - 25,052 - - 26,233 Substandard - - - - 14,893 13,895 100 - 28,888 Pass 38,875 646,345 421,277 255,638 243,423 527,914 5,380 - 2,138,852 Total commercial multi-family $ 45,742 $ 647,092 $ 421,277 $ 263,001 $ 338,209 $ 615,556 $ 5,480 $ - $ 2,336,357 Commercial real estate non-owner occupied Watch $ - $ 348 $ 13,257 $ 14,863 $ 17,845 $ 120,646 $ - $ - $ 166,959 Special Mention - - 29,425 19,841 64,462 124,654 5,000 - 243,382 Substandard - 8,802 2,844 4,745 20,238 23,874 - - 60,503 Pass 104,581 1,407,441 783,554 614,602 146,965 1,106,480 16,208 - 4,179,831 Total commercial real estate non- owner occupied $ 104,581 $ 1,416,591 $ 829,080 $ 654,051 $ 249,510 $ 1,375,654 $ 21,208 $ - $ 4,650,675 Commercial real estate owner occupied Watch $ - $ 11,755 $ 4,457 $ 10,520 $ 4,148 $ 151,394 $ 600 $ - $ 182,874 Special Mention - 9 2,417 5,394 12,339 67,192 13,834 - 101,185 Substandard - 16,087 6,078 784 8,077 126,709 - - 157,735 Doubtful - - - - - 438 - - 438 Pass 66,748 584,407 673,375 314,442 107,148 816,558 13,677 - 2,576,355 Total commercial real estate owner occupied $ 66,748 $ 612,258 $ 686,327 $ 331,140 $ 131,712 $ 1,162,291 $ 28,111 $ - $ 3,018,587 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 3 $ - $ - $ 3 Commercial and industrial Watch $ 4,471 $ 32,968 $ 4,526 $ 4,363 $ 20,189 $ 85,291 $ 46,264 $ - $ 198,072 Special Mention - 2,752 6,464 21,128 1,343 53,584 5,788 - 91,059 Substandard 5,673 1,350 1,313 1,947 6,807 31,923 48,042 - 97,055 Doubtful - - - 28 - 37 - - 65 Loss - 55 - 38 315 - - - 408 Pass 243,495 983,171 947,033 632,700 355,238 860,041 1,591,305 - 5,612,983 Total commercial and industrial $ 253,639 $ 1,020,296 $ 959,336 $ 660,204 $ 383,892 $ 1,030,876 $ 1,691,399 $ - $ 5,999,642 Year-to-Date gross write-offs $ 429 $ 218 $ 55 $ 617 $ 13 $ 7 $ 767 $ - $ 2,106 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular, Inc. Construction Watch $ - $ 35,764 $ 17,156 $ - $ 6,909 $ 37,626 $ - $ - $ 97,455 Substandard - - - 11,080 - 9,260 - - 20,340 Pass 9,512 224,931 171,257 58,208 76,091 2,877 38,325 - 581,201 Total construction $ 9,512 $ 260,695 $ 188,413 $ 69,288 $ 83,000 $ 49,763 $ 38,325 $ - $ 698,996 Mortgage Substandard $ - $ 107 $ 1,761 $ 481 $ 6,863 $ 99,519 $ - $ - $ 108,731 Pass 144,188 682,624 744,785 524,538 382,680 4,818,361 - - 7,297,176 Total mortgage $ 144,188 $ 682,731 $ 746,546 $ 525,019 $ 389,543 $ 4,917,880 $ - $ - $ 7,405,907 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 846 $ - $ - $ 846 Substandard $ - $ 1,065 $ 1,819 $ 623 $ 1,293 $ 1,250 $ - $ - $ 6,050 Loss - 54 - - - - - - 54 Pass 193,921 595,135 399,400 218,226 130,385 71,173 - - 1,608,240 Total leasing $ 193,921 $ 596,254 $ 401,219 $ 218,849 $ 131,678 $ 72,423 $ - $ - $ 1,614,344 Year-to-Date gross write-offs $ - $ 640 $ 634 $ 94 $ - $ 49 $ - $ - $ 1,417 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular, Inc. Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 12,058 $ - $ 12,058 Loss - - - - - - 3 - 3 Pass - - - - - - 1,034,135 - 1,034,135 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,046,196 $ - $ 1,046,196 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 8,677 $ - $ 8,677 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,162 $ 20 $ 1,551 $ 3,733 Loss - - - - - 111 - 775 886 Pass - - - - - 8,645 43,937 12,686 65,268 Total HELOCs $ - $ - $ - $ - $ - $ 10,918 $ 43,957 $ 15,012 $ 69,887 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 176 $ - $ - $ 176 Personal Substandard $ - $ 2,914 $ 2,304 $ 631 $ 1,668 $ 10,828 $ - $ 1,073 $ 19,418 Loss - 198 248 62 55 530 - - 1,093 Pass 245,560 881,462 321,075 95,310 110,964 140,025 - 26,162 1,820,558 Total Personal $ 245,560 $ 884,574 $ 323,627 $ 96,003 $ 112,687 $ 151,383 $ - $ 27,235 $ 1,841,069 Year-to-Date gross write-offs $ 2 $ 7,436 $ 5,724 $ 1,643 $ 1,730 $ 1,215 $ - $ - $ 17,750 Auto Substandard $ - $ 8,772 $ 11,611 $ 9,978 $ 8,858 $ 5,505 $ - $ - $ 44,724 Loss - 50 9 21 16 - - - 96 Pass 292,535 1,094,296 895,350 539,897 381,528 269,514 - - 3,473,120 Total Auto $ 292,535 $ 1,103,118 $ 906,970 $ 549,896 $ 390,402 $ 275,019 $ - $ - $ 3,517,940 Year-to-Date gross write-offs $ 83 $ 6,034 $ 3,168 $ 1,633 $ 1,200 $ - $ - $ - $ 12,118 Other consumer Substandard $ - $ - $ - $ 90 $ 18 $ 550 $ 684 $ - $ 1,342 Loss - - - - - 263 - - 263 Pass 7,750 28,099 16,877 6,725 4,002 5,788 67,927 - 137,168 Total Other consumer $ 7,750 $ 28,099 $ 16,877 $ 6,815 $ 4,020 $ 6,601 $ 68,611 $ - $ 138,773 Year-to-Date gross write-offs $ - $ 6 $ - $ - $ 1 $ 11,053 $ - $ - $ 11,060 Total Popular Inc. $ 1,364,176 $ 7,251,708 $ 5,479,672 $ 3,374,266 $ 2,214,653 $ 9,668,364 $ 2,943,287 $ 42,247 $ 32,338,373 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total BPPR Commercial: Commercial multi-family Watch $ - $ - $ - $ 18,508 $ - $ 4,687 $ - $ - $ 23,195 Special mention - - - - - 2,692 - - 2,692 Substandard - - - - - 3,326 100 - 3,426 Pass 137,411 22,850 20,821 16,145 24,640 30,193 - - 252,060 Total commercial multi-family $ 137,411 $ 22,850 $ 20,821 $ 34,653 $ 24,640 $ 40,898 $ 100 $ - $ 281,373 Commercial real estate non-owner occupied Watch $ 173 $ 36,228 $ 14,045 $ 14,942 $ 7,777 $ 99,269 $ - $ - $ 172,434 Special Mention - 4,361 19,970 7,517 - 25,540 - - 57,388 Substandard 8,933 - 3,209 19,004 25,490 21,064 - - 77,700 Pass 855,839 585,690 294,086 94,056 35,105 568,893 16,136 - 2,449,805 Total commercial real estate non- owner occupied $ 864,945 $ 626,279 $ 331,310 $ 135,519 $ 68,372 $ 714,766 $ 16,136 $ - $ 2,757,327 Commercial real estate owner occupied Watch $ 2,296 $ 5,271 $ 9,447 $ 4,275 $ 31,649 $ 71,568 $ - $ - $ 124,506 Special Mention 10 284 1,684 6,578 1,076 61,460 - - 71,092 Substandard 16,205 6,177 802 800 770 84,205 - - 108,959 Doubtful - - - - - 505 - - 505 Pass 227,404 258,473 274,333 30,691 68,029 407,322 16,742 - 1,282,994 Total commercial real estate owner occupied $ 245,915 $ 270,205 $ 286,266 $ 42,344 $ 101,524 $ 625,060 $ 16,742 $ - $ 1,588,056 Commercial and industrial Watch $ 32,376 $ 2,185 $ 15,493 $ 18,829 $ 15,483 $ 51,602 $ 56,508 $ - $ 192,476 Special Mention 2,537 2,479 5,770 1,139 6,767 46,040 6,283 - 71,015 Substandard 789 1,276 1,600 3,138 11,536 40,636 46,226 - 105,201 Doubtful - - 29 - 75 75 - - 179 Loss - - - - - - 144 - 144 Pass 793,662 684,647 211,013 177,265 65,197 292,173 1,203,536 - 3,427,493 Total commercial and industrial $ 829,364 $ 690,587 $ 233,905 $ 200,371 $ 99,058 $ 430,526 $ 1,312,697 $ - $ 3,796,508 Construction Watch $ 35,446 $ 3,116 $ 98 $ - $ - $ - $ 141 $ - $ 38,801 Substandard - - 9,629 - - - - - 9,629 Pass 13,044 34,387 15,961 2,262 - - 32,957 - 98,611 Total construction $ 48,490 $ 37,503 $ 25,688 $ 2,262 $ - $ - $ 33,098 $ - $ 147,041 Mortgage Substandard $ - $ 574 $ 687 $ 3,926 $ 4,227 $ 93,959 $ - $ - $ 103,373 Pass 449,286 451,027 285,026 204,170 237,007 4,380,390 - - 6,006,906 Total mortgage $ 449,286 $ 451,601 $ 285,713 $ 208,096 $ 241,234 $ 4,474,349 $ - $ - $ 6,110,279 Leasing Substandard $ 953 $ 1,491 $ 941 $ 1,172 $ 1,127 $ 215 $ - $ - $ 5,899 Loss - - - 21 - 21 - - 42 Pass 672,294 428,889 237,939 146,231 79,451 14,994 - - 1,579,798 Total leasing $ 673,247 $ 430,380 $ 238,880 $ 147,424 $ 80,578 $ 15,230 $ - $ - $ 1,585,739 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total BPPR Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 11,907 $ - $ 11,907 Loss - - - - - - 3 - 3 Pass - - - - - - 1,029,921 - 1,029,921 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,041,831 $ - $ 1,041,831 HELOCs Pass - $ - $ - $ - $ - $ - $ 2,954 - 2,954 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,954 $ - $ 2,954 Personal Substandard $ 1,330 $ 2,001 $ 764 $ 1,774 $ 503 $ 10,831 $ - $ 1,285 $ 18,488 Loss - - 53 20 31 10 - 1 115 Pass 841,564 320,809 103,337 117,568 46,555 109,543 - 27,708 1,567,084 Total Personal $ 842,894 $ 322,810 $ 104,154 $ 119,362 $ 47,089 $ 120,384 $ - $ 28,994 $ 1,585,687 Auto Substandard $ 6,764 $ 11,171 $ 10,466 $ 10,243 $ 4,597 $ 2,382 $ - $ - $ 45,623 Loss 23 41 48 25 7 14 - - 158 Pass 1,156,654 961,571 588,200 426,169 248,328 85,827 - - 3,466,749 Total Auto $ 1,163,441 $ 972,783 $ 598,714 $ 436,437 $ 252,932 $ 88,223 $ - $ - $ 3,512,530 Other consumer Substandard $ - $ - $ 100 $ 593 $ 543 $ 242 $ 10,902 $ - $ 12,380 Loss - - - - 263 40 - - 303 Pass 29,557 17,439 6,967 4,201 4,553 1,942 60,238 - 124,897 Total Other consumer $ 29,557 $ 17,439 $ 7,067 $ 4,794 $ 5,359 $ 2,224 $ 71,140 $ - $ 137,580 Total Puerto Rico $ 5,284,550 $ 3,842,437 $ 2,132,518 $ 1,331,262 $ 920,786 $ 6,511,660 $ 2,494,698 $ 28,994 $ 22,546,905 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular U.S. Commercial: Commercial multi-family Watch $ 750 $ 917 $ 6,218 $ 85,579 $ 9,633 $ 52,835 $ - $ - $ 155,932 Special mention - - 1,198 - 14,491 8,372 - - 24,061 Substandard - - - 9,305 7,373 2,941 - - 19,619 Pass 503,010 399,397 238,903 210,295 138,723 347,615 2,785 - 1,840,728 Total commercial multi-family $ 503,760 $ 400,314 $ 246,319 $ 305,179 $ 170,220 $ 411,763 $ 2,785 $ - $ 2,040,340 Commercial real estate non-owner occupied Watch $ - $ 2,167 $ 13,622 $ 3,355 $ 26,931 $ 29,849 $ - $ - $ 75,924 Special Mention - - - 1,353 - 75,269 - - 76,622 Substandard - 2,864 2,149 3,220 1,429 4,722 - - 14,384 Pass 552,258 209,338 211,449 109,781 100,065 383,409 9,113 - 1,575,413 Total commercial real estate non- owner occupied $ 552,258 $ 214,369 $ 227,220 $ 117,709 $ 128,425 $ 493,249 $ 9,113 $ - $ 1,742,343 Commercial real estate owner occupied Watch $ - $ - $ 1,197 $ 1,079 $ 6,095 $ 55,005 $ - $ - $ 63,376 Special Mention - - 3,886 - - 901 - - 4,787 Substandard - - - 7,403 11,165 33,586 - - 52,154 Pass 363,655 422,959 114,988 82,971 119,565 258,881 7,157 - 1,370,176 Total commercial real estate owner occupied $ 363,655 $ 422,959 $ 120,071 $ 91,453 $ 136,825 $ 348,373 $ 7,157 $ - $ 1,490,493 Commercial and industrial Watch $ 12,328 $ 2,218 $ 2,022 $ 2,049 $ 8,438 $ 532 $ 4,291 $ - $ 31,878 Special Mention 1,262 1,130 314 244 60 - 3 - 3,013 Substandard 260 935 74 4,278 315 1,829 1,408 - 9,099 Loss 292 525 1 75 192 3 - - 1,088 Pass 185,318 341,855 368,398 202,301 171,528 376,045 352,169 - 1,997,614 Total commercial and industrial $ 199,460 $ 346,663 $ 370,809 $ 208,947 $ 180,533 $ 378,409 $ 357,871 $ - $ 2,042,692 Construction Watch $ - $ 12,085 $ - $ 6,979 $ 18,310 $ 34,126 $ - $ - $ 71,500 Special Mention - 3 - - - - - - 3 Substandard - - 1,423 - 6,540 2,095 - - 10,058 Pass 164,272 146,062 91,486 93,118 10,863 23,581 - - 529,382 Total construction $ 164,272 $ 158,150 $ 92,909 $ 100,097 $ 35,713 $ 59,802 $ - $ - $ 610,943 Mortgage Substandard $ - $ 2,009 $ 3,478 $ 4,048 $ 1,156 $ 9,798 $ - $ - $ 20,489 Pass 236,595 303,204 243,468 183,846 58,026 241,564 - - 1,266,703 Total mortgage $ 236,595 $ 305,213 $ 246,946 $ 187,894 $ 59,182 $ 251,362 $ - $ - $ 1,287,192 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 39 $ - $ 39 Total credit cards $ - $ - $ - $ - $ - $ - $ 39 $ - $ 39 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,146 $ 20 $ 1,402 $ 3,568 Loss - - - - - 4 - 538 542 Pass - - - - - 9,169 41,724 13,959 64,852 Total HELOCs $ - $ - $ - $ - $ - $ 11,319 $ 41,744 $ 15,899 $ 68,962 Personal Substandard $ 621 $ 454 $ 149 $ 238 $ 70 $ 6 $ - $ - $ 1,538 Loss - - - - - 421 - - 421 Pass 165,153 46,320 7,339 13,443 2,021 1,657 - - 235,933 Total Personal $ 165,774 $ 46,774 $ 7,488 $ 13,681 $ 2,091 $ 2,084 $ - $ - $ 237,892 Other consumer Substandard $ - $ - $ - $ - $ - $ - $ 8 $ - $ 8 Pass - - - - - - 9,960 - 9,960 Total Other consumer $ - $ - $ - $ - $ - $ - $ 9,968 $ - $ 9,968 Total Popular U.S. $ 2,185,774 $ 1,894,442 $ 1,311,762 $ 1,024,960 $ 712,989 $ 1,956,361 $ 428,677 $ 15,899 $ 9,530,864 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Watch $ 750 $ 917 $ 6,218 $ 104,087 $ 9,633 $ 57,522 $ - $ - $ 179,127 Special mention - - 1,198 - 14,491 11,064 - - 26,753 Substandard - - - 9,305 7,373 6,267 100 - 23,045 Pass 640,421 422,247 259,724 226,440 163,363 377,808 2,785 - 2,092,788 Total commercial multi-family $ 641,171 $ 423,164 $ 267,140 $ 339,832 $ 194,860 $ 452,661 $ 2,885 $ - $ 2,321,713 Commercial real estate non-owner occupied Watch $ 173 $ 38,395 $ 27,667 $ 18,297 $ 34,708 $ 129,118 $ - $ - $ 248,358 Special Mention - 4,361 19,970 8,870 - 100,809 - - 134,010 Substandard 8,933 2,864 5,358 22,224 26,919 25,786 - - 92,084 Pass 1,408,097 795,028 505,535 203,837 135,170 952,302 25,249 - 4,025,218 Total commercial real estate non- owner occupied $ 1,417,203 $ 840,648 $ 558,530 $ 253,228 $ 196,797 $ 1,208,015 $ 25,249 $ - $ 4,499,670 Commercial real estate owner occupied Watch $ 2,296 $ 5,271 $ 10,644 $ 5,354 $ 37,744 $ 126,573 $ - $ - $ 187,882 Special Mention 10 284 5,570 6,578 1,076 62,361 - - 75,879 Substandard 16,205 6,177 802 8,203 11,935 117,791 - - 161,113 Doubtful - - - - - 505 - - 505 Pass 591,059 681,432 389,321 113,662 187,594 666,203 23,899 - 2,653,170 Total commercial real estate owner occupied $ 609,570 $ 693,164 $ 406,337 $ 133,797 $ 238,349 $ 973,433 $ 23,899 $ - $ 3,078,549 Commercial and industrial Watch $ 44,704 $ 4,403 $ 17,515 $ 20,878 $ 23,921 $ 52,134 $ 60,799 $ - $ 224,354 Special Mention 3,799 3,609 6,084 1,383 6,827 46,040 6,286 - 74,028 Substandard 1,049 2,211 1,674 7,416 11,851 42,465 47,634 - 114,300 Doubtful - - 29 - 75 75 - - 179 Loss 292 525 1 75 192 3 144 - 1,232 Pass 978,980 1,026,502 579,411 379,566 236,725 668,218 1,555,705 - 5,425,107 Total commercial and industrial $ 1,028,824 $ 1,037,250 $ 604,714 $ 409,318 $ 279,591 $ 808,935 $ 1,670,568 $ - $ 5,839,200 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Construction Watch $ 35,446 $ 15,201 $ 98 $ 6,979 $ 18,310 $ 34,126 $ 141 $ - $ 110,301 Special Mention - 3 - - - - - - 3 Substandard - - 11,052 - 6,540 2,095 - - 19,687 Pass 177,316 180,449 107,447 95,380 10,863 23,581 32,957 - 627,993 Total construction $ 212,762 $ 195,653 $ 118,597 $ 102,359 $ 35,713 $ 59,802 $ 33,098 $ - $ 757,984 Mortgage Substandard $ - $ 2,583 $ 4,165 $ 7,974 $ 5,383 $ 103,757 $ - $ - $ 123,862 Pass 685,881 754,231 528,494 388,016 295,033 4,621,954 - - 7,273,609 Total mortgage $ 685,881 $ 756,814 $ 532,659 $ 395,990 $ 300,416 $ 4,725,711 $ - $ - $ 7,397,471 Leasing Substandard $ 953 $ 1,491 $ 941 $ 1,172 $ 1,127 $ 215 $ - $ - $ 5,899 Loss - - - 21 - 21 - - 42 Pass 672,294 428,889 237,939 146,231 79,451 14,994 - - 1,579,798 Total leasing $ 673,247 $ 430,380 $ 238,880 $ 147,424 $ 80,578 $ 15,230 $ - $ - $ 1,585,739 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 11,907 $ - $ 11,907 Loss - - - - - - 3 - 3 Pass - - - - - - 1,029,960 - 1,029,960 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,041,870 $ - $ 1,041,870 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,146 $ 20 $ 1,402 $ 3,568 Loss - - - - - 4 - 538 542 Pass - - - - - 9,169 44,678 13,959 67,806 Total HELOCs $ - $ - $ - $ - $ - $ 11,319 $ 44,698 $ 15,899 $ 71,916 Personal Substandard $ 1,951 $ 2,455 $ 913 $ 2,012 $ 573 $ 10,837 $ - $ 1,285 $ 20,026 Loss - - 53 20 31 431 - 1 536 Pass 1,006,717 367,129 110,676 131,011 48,576 111,200 - 27,708 1,803,017 Total Personal $ 1,008,668 $ 369,584 $ 111,642 $ 133,043 $ 49,180 $ 122,468 $ - $ 28,994 $ 1,823,579 Auto Substandard $ 6,764 $ 11,171 $ 10,466 $ 10,243 $ 4,597 $ 2,382 $ - $ - $ 45,623 Loss 23 41 48 25 7 14 - - 158 Pass 1,156,654 961,571 588,200 426,169 248,328 85,827 - - 3,466,749 Total Auto $ 1,163,441 $ 972,783 $ 598,714 $ 436,437 $ 252,932 $ 88,223 $ - $ - $ 3,512,530 Other consumer Substandard $ - $ - $ 100 $ 593 $ 543 $ 242 $ 10,910 $ - $ 12,388 Loss - - - - 263 40 - - 303 Pass 29,557 17,439 6,967 4,201 4,553 1,942 70,198 - 134,857 Total Other consumer $ 29,557 $ 17,439 $ 7,067 $ 4,794 $ 5,359 $ 2,224 $ 81,108 $ - $ 147,548 Total Popular Inc. $ 7,470,324 $ 5,736,879 $ 3,444,280 $ 2,356,222 $ 1,633,775 $ 8,468,021 $ 2,923,375 $ 44,893 $ 32,077,769 |
Mortgage banking activities (Ta
Mortgage banking activities (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Mortgage Banking [Abstract] | |
Mortgage Banking Activities | Quarters ended March 31, (In thousands) 2023 2022 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 8,689 $ 9,323 Mortgage servicing rights fair value adjustments (1,376) 1,088 Total mortgage 7,313 10,411 Net gain (loss) on sale of loans, including valuation on loans [1] 263 (1,534) Trading account (loss) profit: Unrealized (loss) gains on outstanding derivative positions (131) 2 Realized gains on closed derivative positions 56 4,135 Total trading account (75) 4,137 Losses on repurchased loans, including interest advances (101) (149) Total mortgage $ 7,400 $ 12,865 [1] Effective on January 1, 2023, loans held-for-sale at lower-of-cost-or-market. |
Transfers of financial assets_2
Transfers of financial assets and mortgage servicing assets (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Transfers and Servicing of Financial Assets | |
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | Proceeds Obtained During the Quarter Ended March (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 1,067 $ - $ 1,067 Mortgage-backed securities - FNMA - 9,899 - 9,899 Total trading account $ - $ 10,966 $ - $ 10,966 Mortgage servicing rights $ - $ - $ 278 $ 278 Total $ - $ 10,966 $ 278 $ 11,244 Proceeds Obtained During the Quarter Ended March (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 77,894 $ - $ 77,894 Mortgage-backed securities - FNMA - 57,690 - 57,690 Mortgage-backed securities - FHLMC - 7,118 - 7,118 Total trading account $ - $ 142,702 $ - $ 142,702 Mortgage servicing rights $ - $ - $ 2,409 $ 2,409 Total $ - $ 142,702 $ 2,409 $ 145,111 |
Changes in MSRs measured using the fair value method | Residential MSRs (In thousands) March 31, 2023 March 31, 2022 Fair value at beginning of period $ 128,350 $ 121,570 Additions 501 2,771 Changes due to payments on loans [1] (2,422) (2,983) Reduction due to loan repurchases (240) (252) Changes in fair value due to changes in valuation model inputs 1,286 4,252 Fair value at end of period [2] $ 127,475 $ 125,358 [1] Represents changes due to collection / realization of expected cash flows over time. [2] At March 31, 2023, PB had MSRs amounting to $ 2 .0 million (March 31, 2022 - $ 1.8 |
Key economic assumptions used in measuring the servicing rights retained at the date of the residential mortgage loan securitizations and whole loan sales by the banking subsidiaries | Quarters ended March 31, 2023 March 31, 2022 BPPR PB BPPR PB Prepayment speed 6.7 % 7.3 % 5.2 % 10.0 % Weighted average life (in years) 8.9 8.0 9.4 6.9 Discount rate (annual rate) 9.5 % 10.5 % 10.3 % 10.0 % |
Key economic assumptions used to estimate the fair value of MSRs derived from sales and securitizations of mortgage loans performed by the banking subsidiaries and servicing rights purchased from other financial institutions | Originated MSRs Purchased MSRs March 31, December 31, March 31, December 31, (In thousands) 2023 2022 2023 2022 Fair value of servicing rights $ 41,143 $ 41,548 $ 86,332 $ 86,802 Weighted average life (in years) 6.7 6.8 6.9 6.9 Weighted average prepayment speed (annual 6.0 % 5.9 % 7.0 % 7.0 % Impact on fair value of 10% adverse change $ (707) $ (730) $ (1,557) $ (1,602) Impact on fair value of 20% adverse change $ (1,387) $ (1,433) $ (3,056) $ (3,143) Weighted average discount rate (annual rate) 11.3 % 11.2 % 11.0 % 11.0 % Impact on fair value of 10% adverse change $ (1,449) $ (1,485) $ (3,192) $ (3,256) Impact on fair value of 20% adverse change $ (2,806) $ (2,876) $ (6,182) $ (6,304) |
Other real estate owned (Tables
Other real estate owned (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Other Real Estate [Abstract] | |
Other real estate owned | For the quarter ended March 31, 2023 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 12,500 $ 76,626 $ 89,126 Write-downs in value (194) (751) (945) Additions 1,023 18,675 19,698 Sales (941) (15,099) (16,040) Other adjustments - (118) (118) Ending balance $ 12,388 $ 79,333 $ 91,721 For the quarter ended March 31, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,017 $ 70,060 $ 85,077 Write-downs in value (364) (328) (692) Additions 2,687 19,240 21,927 Sales (1,980) (13,543) (15,523) Other adjustments 108 (330) (222) Ending balance $ 15,468 $ 75,099 $ 90,567 |
Other assets (Tables)
Other assets (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Other Assets Abstract | |
Other Assets by Major Categories | (In thousands) March 31, 2023 December 31, 2022 Net deferred tax assets (net of valuation allowance) $ 907,689 $ 953,676 Investments under the equity method 210,923 210,001 Prepaid taxes 34,585 39,405 Other prepaid expenses 32,131 33,384 Capitalized software costs 80,097 81,862 Derivative assets 19,365 19,229 Trades receivable from brokers and counterparties 10,638 35,099 Receivables from investments maturities 25,000 125,000 Principal, interest and escrow servicing advances 56,952 41,916 Guaranteed mortgage loan claims receivable 59,738 59,659 Operating ROU assets (Note 28) 119,895 125,573 Finance ROU assets (Note 28) 19,856 18,884 Others 126,416 104,125 Total other assets $ 1,703,285 $ 1,847,813 |
Composition of acquired or developed software costs | The following arrangements: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value March 31, 2023 Software development costs $ 65,817 $ 19,930 $ 45,887 Software license costs 41,298 18,658 22,640 Cloud computing arrangements 21,244 9,674 11,570 Total Capitalized $ 128,359 $ 48,262 $ 80,097 December 31, 2022 Software development costs $ 63,609 $ 16,803 $ 46,806 Software license costs 37,165 14,164 23,001 Cloud computing arrangements 20,745 8,690 12,055 Total Capitalized $ 121,519 $ 39,657 $ 81,862 [1] Software intangible assets is presented as part of Other [2] The tables above excludes assets which have been fully |
Amortization expense for all capitalized software and hosting arrangement cost | Total expenses in the consolidated statement of operations, Quarters ended March 31, (In thousands) 2023 2022 Software development and license costs $ 14,991 $ 11,755 Cloud computing arrangements 984 958 Total amortization $ 15,975 $ 12,713 |
Goodwill and other intangible_2
Goodwill and other intangible assets (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Goodwill and Intangible Assets Disclosure | |
Goodwill and accumulated impairment losses by reportable segments | March 31, 2023 Balance at Balance at March 31, Accumulated March 31, 2023 impairment 2023 (In thousands) losses Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 173,411 391,045 Total Popular, $ 1,004,640 $ 177,212 $ 827,428 December 31, 2022 December 31, Accumulated December 31, 2022 impairment 2022 (In thousands) losses Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 173,411 391,045 Total Popular, $ 1,004,640 $ 177,212 $ 827,428 |
Components of other intangible assets subject to amortization | Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value March 31, 2023 Core deposits $ 12,810 $ 10,355 $ 2,455 Other customer relationships 14,286 5,352 8,934 Total other intangible $ 27,096 $ 15,707 $ 11,389 December 31, 2022 Core deposits $ 12,810 $ 10,034 $ 2,776 Other customer relationships 14,286 4,878 9,408 Total other intangible $ 27,096 $ 14,912 $ 12,184 |
Estimated amortization of the intangible assets with definite useful lives | (In thousands) Remaining 2023 $ 2,384 Year 2024 2,938 Year 2025 1,750 Year 2026 1,440 Year 2027 959 Later years 1,918 |
Deposits (Tables)
Deposits (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Deposits [Abstract] | |
Interest bearing deposits | (In thousands) March 31, 2023 December 31, 2022 Savings accounts $ 15,168,450 $ 14,746,329 NOW, money market and other interest 22,438,462 23,738,940 Total savings, NOW, 37,606,912 38,485,269 Certificates of deposit: Under $250,000 4,690,631 4,235,651 $250,000 and over 2,715,495 2,545,750 7,406,126 6,781,401 Total interest bearing $ 45,013,038 $ 45,266,670 Non- interest bearing deposits $ 15,940,850 $ 15,960,557 Total deposits $ 60,953,888 $ 61,227,227 |
Summary of certificates of deposits by maturity | (In thousands) 2023 $ 3,522,720 2024 1,753,093 2025 818,396 2026 512,800 2027 456,013 2028 and thereafter 343,104 Total certificates of $ 7,406,126 |
Borrowings (Tables)
Borrowings (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of repurchase agreements | Repurchase agreements accounted for as secured borrowings March 31, 2023 December 31, 2022 Repurchase Repurchase (In thousands) U.S. Treasury securities Within 30 days $ 17,521 $ 410 After 30 to 90 days 21,607 30,739 After 90 days 8,788 17,521 Total U.S. Treasury 47,916 48,670 Mortgage-backed securities 25,106 98,984 791 791 49,474 - Total mortgage-backed 75,371 99,775 Collateralized mortgage obligations 212 164 Total collateralized 212 164 Total $ 123,499 $ 148,609 |
Notes payable | Notes Payable The following table presents the composition of notes (In thousands) March 31, 2023 December 31, 2022 Advances with the FHLB with maturities ranging from 2023 2029 monthly fixed rates ranging from 0.39 % to 3.18 % $ 388,282 $ 389,282 Unsecured senior debt securities with maturities ranging 2023 2028 semiannually 6.125 % to 7.25 %, net of debt issuance costs of $ 7,481 692,519 299,109 Junior subordinated deferrable interest debentures (related to 2034 6.125 % to 6.564 %, net of debt issuance costs of $ 308 198,326 198,319 Total notes payable $ 1,279,127 $ 886,710 Note: Refer to the 2022 Form 10-K for rates information |
Borrowings by contractual maturities | A breakdown of borrowings by contractual maturities Assets sold under (In thousands) agreements to repurchase Notes payable Total 2023 $ 118,894 $ 341,687 $ 460,581 2024 4,605 91,943 96,548 2025 - 139,920 139,920 2026 - 74,500 74,500 Later years - 631,077 631,077 Total borrowings $ 123,499 $ 1,279,127 $ 1,402,626 |
Other liabilities (Tables)
Other liabilities (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Other Liabilities Disclosure [Abstract] | |
Other Liabilities Table Text Block | (In thousands) March 31, 2023 December 31, 2022 Accrued expenses $ 286,567 $ 337,284 Accrued interest payable 36,442 39,288 Accounts payable 87,642 76,456 Dividends payable 39,586 39,525 Trades payable 402 9,461 Liability for GNMA loans sold with an option to repurchase 7,086 14,271 Reserves for loan indemnifications 6,472 7,520 Reserve for operational losses 37,165 39,266 Operating lease liabilities (Note 28) 131,438 137,290 Finance lease liabilities (Note 28) 25,729 24,737 Pension benefit obligation 7,544 8,290 Postretirement benefit obligation 118,308 118,336 Others 64,139 65,222 Total other liabilities $ 848,520 $ 916,946 |
Other comprehensive (loss) in_2
Other comprehensive (loss) income (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Accumulated Other Comprehensive Income (Loss) | |
Schedule of accumulated other comprehensive income | Changes in Accumulated Other Comprehensive Loss Quarters ended March 31, (In thousands) 2023 2022 Foreign currency translation Beginning Balance $ (56,735) $ (67,307) Other comprehensive loss (5,245) (2,858) Net change (5,245) (2,858) Ending balance $ (61,980) $ (70,165) Adjustment of pension and postretirement benefit plans Beginning Balance $ (144,335) $ (158,994) Other comprehensive loss before reclassifications - 1,269 Amounts reclassified from accumulated other comprehensive amortization of net losses 3,008 2,444 Net change 3,008 3,713 Ending balance $ (141,327) $ (155,281) Unrealized net holding losses on debt securities Beginning Balance $ (2,323,903) $ (96,120) Other comprehensive income (loss) before reclasifications 191,752 (1,075,830) Amounts reclassified from accumulated other comprehensive loss amortization of net unrealized losses of debt securities available-for-sale to held-to-maturity 33,633 - Net change 225,385 (1,075,830) Ending balance $ (2,098,518) $ (1,171,950) Unrealized net gains on cash flow hedges Beginning Balance $ 45 $ (2,648) Other comprehensive (loss) income before reclassifications (19) 3,139 Amounts reclassified from accumulated other comprehensive (26) (333) Net change (45) 2,806 Ending balance $ - $ 158 Total $ (2,301,825) $ (1,397,238) [1] All amounts presented are net of tax. |
Reclassification out of accumulated other comprehensive income | The following table quarters ended March 31, 2023 and 2022. Reclassifications Out of Accumulated Other Comprehensive Affected Line Item in the Quarters ended March 31, (In thousands) Consolidated Statements of Operations 2023 2022 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ (4,813) $ (3,911) Total before tax (4,813) (3,911) Income tax benefit 1,805 1,467 Total net of tax $ (3,008) $ (2,444) Unrealized holding losses on debts securities Amortization of unrealized net losses of debt securities transferred to held-to-maturity Investment securities $ (42,040) $ - Total before tax (42,040) - Income tax benefit 8,407 - Total net of tax $ (33,633) $ - Unrealized net gains on cash flow hedges Forward contracts Mortgage banking activities $ 41 $ 978 Interest rate swaps Other operating income $ - $ (279) Total before tax 41 699 Income tax expense (15) (366) Total net of tax $ 26 $ 333 Total reclassification $ (36,615) $ (2,111) |
Guarantees (Tables)
Guarantees (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Guarantee on loans sold or serviced with credit recourse | |
Guarantor Obligations [Line Items] | |
Credit recourse agreements reserve | The following table shows the changes in the Corporation’s liability of estimated losses related to loans serviced with credit recourse provisions during the quarters ended March 31, 2023 Quarters ended March 31, (In thousands) 2023 2022 Balance as of beginning of period $ 6,897 $ 11,800 Provision (benefit) for recourse liability (654) 46 Net charge-offs (379) (1,511) Balance as of end of period $ 5,864 $ 10,335 |
Commitments and contingencies (
Commitments and contingencies (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Commitments and Contingencies Disclosure | |
Financial Instruments with Off-Balance Sheet Credit Risk, Whose Contract Amounts Represent Potential Credit Risk | Financial instruments with periods presented were as follows: (In thousands) March 31, 2023 December 31, 2022 Commitments to extend credit: Credit card lines $ 5,956,261 $ 5,853,990 Commercial and construction lines of credit 4,727,401 4,425,825 Other consumer unused credit commitments 249,773 250,271 Commercial letters of credit 1,982 3,351 Standby letters of credit 28,938 27,868 Commitments to originate or fund mortgage loans 36,662 45,170 |
Direct exposure to the Puerto Rico government by maturity | The following table details the loans and investments representing the Corporation’s direct exposure to according to their maturities as of March 31, 2023: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 10 $ - $ 10 $ 10 After 5 to 10 years 1 - 1 1 After 10 years 30 - 30 30 Total Central 41 - 41 41 Municipalities Within 1 year 4,730 20,243 24,973 24,973 After 1 to 5 years 15,805 101,009 116,814 145,814 After 5 to 10 years 1,025 131,202 132,227 132,227 After 10 years - 49,831 49,831 49,831 Total Municipalities 21,560 302,285 323,845 352,845 Total Direct Government $ 21,601 $ 302,285 $ 323,886 $ 352,886 |
Non-consolidated variable int_2
Non-consolidated variable interest entities (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Variable Interest Entity | |
Carrying Amount and Classification of Assets Related to the Corporation's Variable Interests in Non-Consolidated VIEs and Maximum Exposure to Loss | (In thousands) March 31, 2023 December 31, 2022 Assets Servicing assets: Mortgage servicing rights $ 98,184 $ 99,614 Total servicing $ 98,184 $ 99,614 Other assets: Servicing advances $ 5,942 $ 6,157 Total other assets $ 5,942 $ 6,157 Total assets $ 104,126 $ 105,771 Maximum exposure to loss $ 104,126 $ 105,771 |
Related party transactions (Tab
Related party transactions (Tables) - EVERTEC Inc. | 3 Months Ended |
Mar. 31, 2023 | |
Proportionate Share Of Income Loss And Changes In Stockholders Equity | Quarter ended March 31, (In thousands) 2022 Share of income from $ 6,318 Share of other changes in Evertec's stockholders' equity 1,787 Share of Evertec's changes in equity recognized in income $ 8,105 |
Income Statement Data Resulting From Related Party Transactions | Quarter ended March 31, (In thousands) 2022 Category Interest expense on deposits $ (132) Interest expense ATH and credit cards interchange 6,683 Other service fees Rental income charged to EVERTEC 1,681 Net occupancy Processing fees on services provided by EVERTEC (62,222) Professional fees Other services provided to EVERTEC 218 Other operating expenses Total $ (53,772) |
Fair value measurement (Tables)
Fair value measurement (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Fair Value Disclosures | |
Assets and Liabilities Measured at Fair Value on a Recurring Basis | At March 31, 2023 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE Assets Debt securities available-for-sale: U.S. Treasury securities $ 1,865,470 $ 8,769,277 $ - $ - $ 10,634,747 Collateralized mortgage obligations - federal agencies - 158,772 - - 158,772 Mortgage-backed securities - 6,377,905 655 - 6,378,560 Other - 49 1,000 - 1,049 Total debt securities $ 1,865,470 $ 15,306,003 $ 1,655 $ - $ 17,173,128 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 15,462 $ - $ - $ - $ 15,462 Obligations of Puerto Rico, States and political subdivisions - 62 - - 62 Collateralized mortgage obligations - 45 88 - 133 Mortgage-backed securities - 13,779 188 - 13,967 Other - - 199 - 199 Total trading account derivatives $ 15,462 $ 13,886 $ 475 $ - $ 29,823 Equity securities $ - $ 32,545 $ - $ 318 $ 32,863 Mortgage servicing rights - - 127,475 - 127,475 Loans held-for-sale - 11,181 - - 11,181 Derivatives - 19,365 - - 19,365 Total assets measured recurring basis $ 1,880,932 $ 15,382,980 $ 129,605 $ 318 $ 17,393,835 Liabilities Derivatives $ - $ (17,115) $ - $ - $ (17,115) Total liabilities measured recurring basis $ - $ (17,115) $ - $ - $ (17,115) At December 31, 2022 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE Assets Debt securities available-for-sale: U.S. Treasury securities $ 1,908,589 $ 9,272,359 $ - $ - $ 11,180,948 Collateralized mortgage obligations - federal agencies - 165,196 - - 165,196 Mortgage-backed securities - 6,456,459 711 - 6,457,170 Other - 60 1,000 - 1,060 Total debt securities $ 1,908,589 $ 15,894,074 $ 1,711 $ - $ 17,804,374 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 13,069 $ - $ - $ - $ 13,069 Obligations of Puerto Rico, States and political subdivisions - 64 - - 64 Collateralized mortgage obligations - 47 113 - 160 Mortgage-backed securities - 14,008 215 - 14,223 Other - - 207 - 207 Total trading account derivatives $ 13,069 $ 14,119 $ 535 $ - $ 27,723 Equity securities $ - $ 29,302 $ - $ 330 $ 29,632 Mortgage servicing rights - - 128,350 - 128,350 Derivatives - 19,229 - - 19,229 Total assets measured recurring basis $ 1,921,658 $ 15,956,724 $ 130,596 $ 330 $ 18,009,308 Liabilities Derivatives $ - $ (17,000) $ - $ - $ (17,000) Total liabilities measured recurring basis $ - $ (17,000) $ - $ - $ (17,000) |
Difference between the aggregate fair value and the aggregate unpaid principal balance formortgage loans held for sale measured at fair value | The following table summarizes the difference between mortgage loans held for sale measured at fair value (In thousands) March 31, 2023 Aggregate Unpaid Fair Value Principal Balance Difference Loans held for sale $ 11,181 $ 11,116 $ 65 |
Nonrecurring fair value measurements | Quarter ended March 31, 2023 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE Assets Write-downs Loans [1] $ - $ - $ 1,629 $ 1,629 $ (3) Other real estate owned [2] - - 2,330 2,330 (628) Other foreclosed assets [2] - - 15 15 (4) Total assets measured $ - $ - $ 3,974 $ 3,974 $ (635) [1] Relates mainly to certain impaired collateral dependent loans. derived from appraisals that take into consideration prices excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and excluded from the reported fair value amount. Quarter ended March 31, 2022 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE Assets Write-downs Loans [1] $ - $ - $ 4,891 $ 4,891 $ (180) Loans held-for-sale [2] - - 55,150 55,150 (675) Other real estate owned [3] - - 1,432 1,432 (495) Total assets measured $ - $ - $ 61,473 $ 61,473 $ (1,350) [1] Relates mainly to certain impaired collateral dependent loans. derived from appraisals that take into consideration prices excluded from the reported fair value amount. [2] Relates to a quarterly valuation on loans held-for-sale. [3] Represents the fair value of foreclosed real estate and excluded from the reported fair value amount. |
Assets measured on recurring basis, unobservable input reconciliation | Quarter ended March 31, 2023 MBS Other CMOs MBS Other classified securities classified classified securities as debt classified as as trading as trading classified securities account account as trading Mortgage available- available- account debt servicing Total (In thousands) for-sale for-sale securities securities securities rights assets Balance at December 31, 2022 $ 711 $ 1,000 $ 113 $ 215 $ 207 $ 128,350 $ 130,596 Gains (losses) included in earnings - - - (1) (8) (1,376) (1,385) Gains (losses) included in OCI (6) - - - - - (6) Additions - - - - - 501 501 Settlements (50) - (25) (26) - - (101) Balance at March 31, 2023 $ 655 $ 1,000 $ 88 $ 188 $ 199 $ 127,475 $ 129,605 Changes in unrealized gains (losses) included in earnings relating to assets still held at March 31, 2023 $ - $ - $ - $ - $ 9 $ 1,286 $ 1,295 Quarter ended March 31, 2022 MBS Other classified CMOs securities as investment classified classified securities as trading as trading Mortgage available- account account servicing Total Contingent Total (In thousands) for-sale securities securities rights assets consideration liabilities Balance at $ 826 $ 198 $ 280 $ 121,570 $ 122,874 $ 9,241 $ 9,241 Gains (losses) included in earnings - (1) (13) 1,017 1,003 - - Gains (losses) included in OCI (8) - - - (8) - - Additions - 2 - 2,771 2,773 - - Settlements (25) (25) - - (50) - - Balance at March 31, 2022 $ 793 $ 174 $ 267 $ 125,358 $ 126,592 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at March 31, 2022 $ - $ (1) $ 5 $ 4,252 $ 4,256 $ - $ - |
Gain (loss) included in earnings, measured on recurring basis | Quarter ended March 31, 2023 Quarter ended March 31, 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 $ (1,376) $ 1,286 $ 1,017 $ 4,252 Trading account (loss) profit (9) 9 (14) 4 Total $ (1,385) $ 1,295 $ 1,003 $ 4,256 |
Fair value measurements, recurring and nonrecurring valuation techniques | Fair value at (In thousands) 2023 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 88 Discounted cash flow model Weighted average life 0.3 0.1 0.5 Yield 4.9 % ( 4.9 % - 5.4 %) Prepayment speed 9.2 % ( 8.3 % - 27.8 %) Other - trading $ 199 Discounted cash flow model Weighted average life 2.5 Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 1,560 [2] External appraisal Haircut applied on external appraisals 35.0 % [1] Weighted average of significant unobservable inputs [2] Loans held-in-portfolio in which haircuts were not applied Fair value at (In thousands) 2022 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 174 Discounted cash flow model Weighted average life 0.7 0.5 1 Yield 3.9 % ( 3.9 % - 4.5 %) Prepayment speed 8.4 % ( 0.1 % - 15.7 %) Other - trading $ 267 Discounted cash flow model Weighted average life 2.9 Yield 12.0% Prepayment speed 10.8% Contingent consideration $ (9,241) Probability weighted discounted cash flows Discount rate 2.52 % Loans held-in-portfolio $ 4,653 [2] External appraisal Haircut applied on external appraisals 12.6 % [1] Weighted average of significant unobservable inputs [2] Loans held-in-portfolio in which haircuts were not applied |
Fair value of financial instr_2
Fair value of financial instruments (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Fair Value Disclosures | |
Carrying or Notional Amounts and Estimated Fair Values for Financial Instruments | March 31, 2023 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 462,013 $ 462,013 $ - $ - $ - $ 462,013 Money market investments 6,098,288 6,091,115 7,173 - - 6,098,288 Trading account debt securities, excluding [1] 29,823 15,462 13,886 475 - 29,823 Debt securities available-for-sale [1] 17,173,128 1,865,470 15,306,003 1,655 - 17,173,128 Debt securities held-to-maturity: U.S. Treasury securities $ 8,494,652 $ - $ 8,534,105 $ - $ - $ 8,534,105 Obligations of Puerto Rico, States and political subdivisions 55,633 - - 57,839 - 57,839 Collateralized mortgage obligation-federal agency 16 - - 16 - 16 Securities in wholly owned statutory business trusts 5,959 - 5,959 - - 5,959 Total debt securities $ 8,556,260 $ - $ 8,540,064 $ 57,855 $ - $ 8,597,919 Equity securities: FHLB stock $ 49,265 $ - $ 49,265 $ - $ - $ 49,265 FRB stock 99,134 - 99,134 - - 99,134 Other investments 37,518 - 32,545 5,482 318 38,345 Total equity securities $ 185,917 $ - $ 180,944 $ 5,482 $ 318 $ 186,744 Loans held-for-sale $ 11,181 $ - $ 11,181 $ - $ - $ 11,181 Loans held-in-portfolio 31,649,253 - - 30,066,069 - 30,066,069 Mortgage servicing rights 127,475 - - 127,475 - 127,475 Derivatives 19,365 - 19,365 - - 19,365 March 31, 2023 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 53,547,761 $ - $ 53,547,761 $ - $ - $ 53,547,761 Time deposits 7,406,127 - 7,019,993 - - 7,019,993 Total deposits $ 60,953,888 $ - $ 60,567,754 $ - $ - $ 60,567,754 Assets sold under agreements to repurchase $ 123,499 $ - $ 123,487 $ - $ - $ 123,487 Notes payable: FHLB advances $ 388,282 $ - $ 365,862 $ - $ - $ 365,862 Unsecured senior debt securities 692,519 - 693,253 - - 693,253 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,326 - 177,823 - - 177,823 Total notes payable $ 1,279,127 $ - $ 1,236,938 $ - $ - $ 1,236,938 Derivatives $ 17,115 $ - $ 17,115 $ - $ - $ 17,115 [1] Refer to Note 24 to the Consolidated Financial Statements December 31, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 469,501 $ 469,501 $ - $ - $ - $ 469,501 Money market investments 5,614,595 5,607,937 6,658 - - 5,614,595 Trading account debt securities, excluding [1] 27,723 13,069 14,119 535 - 27,723 Debt securities available-for-sale [1] 17,804,374 1,908,589 15,894,074 1,711 - 17,804,374 Debt securities held-to-maturity: U.S. Treasury securities $ 8,453,467 $ - $ 8,372,601 $ - $ - $ 8,372,601 Obligations of Puerto Rico, States and political subdivisions 59,010 - - 61,617 - 61,617 Collateralized mortgage 19 - - 19 - 19 Securities in wholly owned statutory business trusts 5,959 - 5,959 - - 5,959 Total debt securities $ 8,518,455 $ - $ 8,378,560 $ 61,636 $ - $ 8,440,196 Equity securities: FHLB stock $ 65,861 $ - $ 65,861 $ - $ - $ 65,861 FRB stock 96,206 - 96,206 - - 96,206 Other investments 33,787 - 29,302 4,966 330 34,598 Total equity securities $ 195,854 $ - $ 191,369 $ 4,966 $ 330 $ 196,665 Loans held-for-sale $ 5,381 $ - $ - $ 5,404 $ - $ 5,404 Loans held-in-portfolio 31,357,467 - - 29,366,365 - 29,366,365 Mortgage servicing rights 128,350 - - 128,350 - 128,350 Derivatives 19,229 - 19,229 - - 19,229 December 31, 2022 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 54,445,825 $ - $ 54,445,825 $ - $ - $ 54,445,825 Time deposits 6,781,402 - 6,464,943 - - 6,464,943 Total deposits $ 61,227,227 $ - $ 60,910,768 $ - $ - $ 60,910,768 Assets sold under agreements to repurchase $ 148,609 $ - $ 148,566 $ - $ - $ 148,566 Other short-term borrowings [2] 365,000 - 365,000 - - 365,000 Notes payable: - FHLB advances $ 389,282 $ - $ 361,951 $ - $ - $ 361,951 Unsecured senior debt securities 299,109 - 300,027 - - 300,027 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,319 - 173,938 - - 173,938 Total notes payable $ 886,710 $ - $ 835,916 $ - $ - $ 835,916 Derivatives $ 17,000 $ - $ 17,000 $ - $ - $ 17,000 [1] Refer to Note 24 to the Consolidated Financial Statements [2] Refer to Note 16 to the Consolidated Financial Statements |
Net income per common share (Ta
Net income per common share (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Earnings Per Share | |
Computation of Net Income (Loss) Per Common Share ("EPS"), Basic and Diluted | The following table March 31, 2023 and 2022 Quarters ended March 31, (In thousands, except per share information) 2023 2022 Net income $ 158,979 $ 211,686 Preferred stock dividends (353) (353) Net income applicable to common stock $ 158,626 $ 211,333 Average common shares outstanding 71,541,778 78,443,706 Average potential dilutive common shares 64,418 151,757 Average common shares outstanding - assuming dilution 71,606,196 78,595,463 Basic EPS $ 2.22 $ 2.69 Diluted EPS $ 2.22 $ 2.69 |
Revenue from contracts with c_2
Revenue from contracts with customers (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Revenue From Contract With Customer Abstract | |
Disaggregation Of Revenue [Table Text Block] | The quarters ended March 31, 2023 and 2022 Quarters ended March 31, (In thousands) 2023 2022 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 32,152 $ 2,526 $ 37,985 $ 2,728 Other service fees: Debit card fees 12,948 218 11,562 217 Insurance fees, excluding reinsurance 10,798 1,307 10,038 1,322 Credit card fees, excluding late fees and membership 36,174 579 30,222 324 Sale and administration of investment products 6,558 - 5,791 - Trust fees 5,896 - 6,149 - Total revenue from [1] $ 104,526 $ 4,630 $ 101,747 $ 4,591 [1] The amounts include intersegment transactions of $ 1.6 1.5 |
Leases (Tables)
Leases (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Leases [Abstract] | |
Lease Liability Maturity | The following table presents the undiscounted March 31, 2023 (In thousands) Remaining 2023 2024 2025 2026 2027 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 22,345 $ 28,441 $ 25,514 $ 16,995 $ 11,769 $ 44,279 $ 149,343 $ (17,905) $ 131,438 Finance Leases 3,404 4,631 4,743 4,402 2,468 9,346 28,994 (3,265) 25,729 |
Leases cost | The following table presents the lease cost recognized Quarters ended March 31, (In thousands) 2023 2022 Finance lease cost: Amortization of ROU assets $ 824 $ 759 Interest on lease liabilities 296 308 Operating lease cost 7,854 7,627 Short-term lease cost 73 55 Variable lease cost 56 23 Sublease income (9) (9) Total lease cost [1] $ 9,094 $ 8,763 [1] Total lease cost |
Leases supplemental information | The leases. Quarters ended March 31, (Dollars in thousands) 2023 2022 Cash paid for amounts included in the measurement of Operating cash flows from operating leases $ 7,754 $ 7,506 Operating cash flows from finance leases 296 308 Financing cash flows from finance leases 804 833 ROU assets obtained in exchange for new lease obligations: Operating leases $ 967 $ 1,553 Finance leases 1,796 - Weighted-average remaining lease term: Operating leases 7.3 years 7.6 years Finance leases 8.2 years 8.7 years Weighted-average discount rate: Operating leases 3.0 % 2.8 % Finance leases 4.1 % 4.4 % |
Pension and postretirement be_2
Pension and postretirement benefits (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Employee benefits | |
Components of Net Periodic Pension/Postretirement Benefit Cost | Pension Plans OPEB Plan Quarter ended March 31, Quarter ended March 31, (In thousands) 2023 2022 2023 2022 Personnel Cost: $ - $ - $ 48 $ 121 Other operating expenses: 7,887 4,800 1,520 983 (8,591) (8,847) - - - - - - 5,366 3,911 (553) - Total net periodic $ 4,662 $ (136) $ 1,015 $ 1,104 |
Schedule of expected benefit payments | For the three months ended For the year ending (In thousands) March 31, 2023 December 31, 2023 Pension Plans $ 57 $ 228 OPEB Plan $ 1,566 $ 5,924 |
Stock-based compensation (Table
Stock-based compensation (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Executive Officers | |
Schedule of Unvested Restricted Stock Units Roll Forward | The management. (Not in thousands) Shares Weighted-Average Grant Date Fair Value Non-vested at December 31, 2021 321,883 $ 47.98 Granted 194,791 84.29 Performance Shares Quantity Adjustment 6,947 78.02 Vested (240,033) 66.11 Forfeited (1,625) 78.86 Non-vested at December 31, 2022 281,963 $ 56.50 Granted 127,203 74.29 Performance Shares Quantity Adjustment 5,674 64.57 Vested (128,027) 68.60 Forfeited (12,375) 56.76 Non-vested at March 31, 2023 274,438 $ 58.48 |
Directors | |
Schedule of Unvested Restricted Stock Units Roll Forward | The following table summarizes the restricted stock (Not in thousands) Restricted Stock units Weighted-Average Grant Date Fair Value per Unit Non-vested at December 31, 2021 $ - $ - Granted 25,321 77.48 Vested (25,321) 77.48 Forfeited - - Non-vested at December 31, 2022 $ - $ - Granted 1,029 65.57 Vested (1,029) 65.57 Forfeited - - Non-vested at March 31, 2023 $ - $ - |
Income taxes (Tables)
Income taxes (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Components of Deferred Tax Assets and Liabilities | March 31, 2023 PR US Total Deferred tax assets: Tax credits available $ 261 $ 4,726 $ 4,987 Net operating loss and other carryforward available 121,758 655,505 777,263 Postretirement and pension benefits 47,039 - 47,039 Allowance for credit losses 238,695 30,628 269,323 Depreciation 6,033 6,257 12,290 FDIC-assisted transaction 152,665 - 152,665 Lease liability 27,995 22,427 50,422 Unrealized net loss on investment securities 235,932 20,832 256,764 Difference in outside basis from pass-through entities 32,800 - 32,800 Mortgage Servicing Rights 13,012 - 13,012 Other temporary differences 29,835 8,589 38,424 Total gross deferred 906,025 748,964 1,654,989 Deferred tax liabilities: Intangibles 82,103 55,415 137,518 Right of use assets 25,631 19,322 44,953 Deferred loan origination fees/cost 1,804 2,995 4,799 Loans acquired 22,134 - 22,134 Other temporary differences 6,159 422 6,581 Total gross deferred 137,831 78,154 215,985 Valuation allowance 138,016 396,472 534,488 Net deferred tax asset $ 630,178 $ 274,338 $ 904,516 PR US Total Deferred tax assets: Tax credits available $ 261 $ 2,781 $ 3,042 Net operating loss and other carryforward available 121,742 661,144 782,886 Postretirement and pension benefits 47,122 - 47,122 Allowance for credit losses 250,615 32,688 283,303 Depreciation 5,972 6,309 12,281 FDIC-assisted transaction 152,665 - 152,665 Lease liability 28,290 23,521 51,811 Unrealized net loss on investment securities 265,955 23,913 289,868 Difference in outside basis from pass-through entities 40,602 - 40,602 Mortgage Servicing Rights 13,711 - 13,711 Other temporary differences 17,122 7,815 24,937 Total gross deferred 944,057 758,171 1,702,228 Deferred tax liabilities: Intangibles 81,174 54,623 135,797 Right of use assets 26,015 20,262 46,277 Deferred loan origination fees/cost 1,076 2,961 4,037 Loans acquired 23,353 - 23,353 Other temporary differences 1,531 - 1,531 Total gross deferred 133,149 77,846 210,995 Valuation allowance 137,863 402,333 540,196 Net deferred tax asset $ 673,045 $ 277,992 $ 951,037 |
Reconciliation of Unrecognized Tax Benefits | (In millions) 2023 2022 Balance at January 1 $ 2.5 $ 3.5 Balance at March 31 $ 2.5 $ 3.5 |
PR | |
Differences Between Income Tax Expense (Benefit) Applicable to Income Before Income Taxes and Amount Computed by Applying the Statutory Tax Rate in Puerto Rico | Quarters ended March 31, 2023 March 31, 2022 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 76,985 38 % $ 98,312 38 % Net benefit of tax exempt interest income (21,902) (11) (42,869) (16) Effect of income subject to preferential tax rate (855) - (3,945) (2) Deferred tax asset valuation allowance (4,565) (2) 3,891 1 Difference in tax rates due to multiple jurisdictions (5,169) (3) (6,493) (2) State and local taxes 3,355 2 3,665 1 Others (1,535) (1) (2,082) (1) Income tax expense $ 46,314 23 % $ 50,479 19 % |
Supplemental disclosure on th_2
Supplemental disclosure on the consolidated statements of cash flows (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Supplemental Cash Flow Information | |
Additional Disclosures on Cash Flow Information and Non-Cash Activities | (In thousands) March 31, 2023 March 31, 2022 Non-cash activities: $ 18,367 $ 18,647 17,343 13,425 35,710 32,072 2,778 2,228 3,203 2,109 13,232 9,384 16,435 11,493 14,105 11,738 2,475 7,607 1,500 786 [1] 10,966 142,702 10,307 60,186 402 10,710 99,620 - 501 2,771 855 4,961 2,699 3,689 [1] Includes loans securitized into trading securities and subsequently |
Reconciliation Of Cash And Due From Banks And Restricted Cash | (In thousands) March 31, 2023 March 31, 2022 Cash and due from banks $ 427,160 $ 381,658 Restricted cash and due from banks 34,853 57,490 Restricted cash in money market investments 7,173 6,300 Total cash and due [2] $ 469,186 $ 445,448 [2] Refer to Note 5 - Restrictions on cash and due from banks |
Segment reporting (Tables)
Segment reporting (Tables) | 3 Months Ended |
Mar. 31, 2023 | |
Table Text Block | |
Results of Operations and Total Assets | 2023 For the quarter ended March 31, 2023 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 449,820 $ 90,086 $ 1 Provision for credit losses 45,708 2,065 - Non-interest income 147,471 6,384 (136) Amortization of intangibles 484 311 - Depreciation expense 11,669 1,814 - Other operating expenses 363,715 63,317 (136) Income tax expense 42,832 3,976 - Net income $ 132,883 $ 24,987 $ 1 Segment assets $ 55,770,442 $ 12,147,556 $ (541,534) For the quarter ended March 31, 2023 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 539,907 $ (8,251) $ - $ 531,656 Provision for credit losses (benefit) 47,773 (136) - 47,637 Non-interest income 153,719 9,714 (1,472) 161,961 Amortization of intangibles 795 - - 795 Depreciation expense 13,483 359 - 13,842 Other operating expenses 426,896 230 (1,076) 426,050 Income tax expense (benefit) 46,808 (321) (173) 46,314 Net income $ 157,871 $ 1,331 $ (223) $ 158,979 Segment assets $ 67,376,464 $ 5,803,751 $ (5,504,456) $ 67,675,759 2022 For the quarter ended March 31, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Eliminations Net interest income $ 415,169 $ 86,520 $ 1 Provision for credit losses (benefit) (13,690) (2,019) - Non-interest income 135,862 5,954 (137) Amortization of intangibles 484 407 - Depreciation expense 11,517 1,824 - Other operating expenses 334,878 53,639 (136) Income tax expense 39,316 11,592 - Net income $ 178,526 $ 27,031 $ - Segment assets $ 58,708,519 $ 10,579,410 $ (167,754) For the quarter ended March 31, 2022 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 501,690 $ (7,378) $ - $ 494,312 Provision for credit losses (benefit) (15,709) 209 - (15,500) Non-interest income 141,679 14,265 (1,252) 154,692 Amortization of intangibles 891 - - 891 Depreciation expense 13,341 289 - 13,630 Other operating expenses 388,381 444 (1,007) 387,818 Income tax expense (benefit) 50,908 (332) (97) 50,479 Net income $ 205,557 $ 6,277 $ (148) $ 211,686 Segment assets $ 69,120,175 $ 5,490,318 $ (5,085,411) $ 69,525,082 |
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area | Geographic Information Quarter ended (In thousands) March 31, 2023 March 31, 2022 Revenues: [1] $ 547,903 $ 527,673 125,045 103,174 20,669 18,157 Total consolidated $ 693,617 $ 649,004 [1] Total revenues include (loss), including impairment on equity securities, net gain (loss) sold and other operating income. Selected Balance Sheet Information: (In thousands) March 31, 2023 December 31, 2022 Puerto Rico Total assets $ 52,973,724 $ 53,541,427 Loans 20,970,708 20,884,442 Deposits 50,589,328 51,138,790 United States Total assets $ 13,506,272 $ 12,718,775 Loans 10,825,221 10,643,964 Deposits 8,630,394 8,182,702 Other Total assets $ 1,195,763 $ 1,377,715 Loans 553,625 554,744 Deposits [1] 1,734,166 1,905,735 [1] Represents deposits from BPPR operations located in the |
Basis of presentation (Details)
Basis of presentation (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Reclassification [Line items] | ||
Equipment expenses | $ 8,412 | $ 8,389 |
Professional fees | 33,431 | 36,792 |
Technology and software expenses | 68,559 | 70,535 |
Processing and transactional services | 33,909 | 30,953 |
Communications | 4,088 | 3,673 |
Other operating expenses | $ 24,361 | 23,930 |
Net effect on operating expenses | 174,272 | |
As Reported | ||
Reclassification [Line items] | ||
Equipment expenses | 23,479 | |
Professional fees | 108,497 | |
Technology and software expenses | 0 | |
Processing and transactional services | 0 | |
Communications | 6,147 | |
Other operating expenses | 36,149 | |
Net effect on operating expenses | 174,272 | |
Adjustments | ||
Reclassification [Line items] | ||
Equipment expenses | (15,090) | |
Professional fees | (71,705) | |
Technology and software expenses | 70,535 | |
Processing and transactional services | 30,953 | |
Communications | (2,474) | |
Other operating expenses | (12,219) | |
Net effect on operating expenses | $ 0 |
New Accounting Pronouncement -
New Accounting Pronouncement - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
New Accounting Pronouncements Or Change In Accounting Principle [Line Items] | ||||
Stockholders' equity | $ 4,470,725 | $ 4,093,425 | $ 4,671,246 | $ 5,969,397 |
Allowance for credit losses | 6,792 | $ 6,911 | ||
Cumulative effect adoption adjustment | ||||
New Accounting Pronouncements Or Change In Accounting Principle [Line Items] | ||||
Stockholders' equity | 28,752 | |||
ASU 2022-02 | ||||
New Accounting Pronouncements Or Change In Accounting Principle [Line Items] | ||||
Allowance for credit loss, increase (decrease) | 46,000 | |||
ASU 2022-02 | Cumulative effect adoption adjustment | ||||
New Accounting Pronouncements Or Change In Accounting Principle [Line Items] | ||||
Stockholders' equity | $ 29,000 |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
Summary of accounting policies | ||||
Stockholders' equity | $ 4,470,725 | $ 4,093,425 | $ 4,671,246 | $ 5,969,397 |
Cumulative effect adoption adjustment | ||||
Summary of accounting policies | ||||
Stockholders' equity | 28,752 | |||
ASU 2022-02 | ||||
Summary of accounting policies | ||||
Allowance for credit loss, increase (decrease) | 46,000 | |||
ASU 2022-02 | Cumulative effect adoption adjustment | ||||
Summary of accounting policies | ||||
Stockholders' equity | $ 29,000 |
Restrictions on cash and due _2
Restrictions on cash and due from banks and certain securities - Additional Information (Details) - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 |
Disclosure - Restrictions on Cash and Due from Banks and Certain Securities - Additional Information [Abstract] | ||
Average Reserve Required With Federal Reserve Bank | $ 2,800 | $ 2,800 |
Restricted Cash And Cash Equivalents | $ 72 | $ 80 |
Debt Securities Available for S
Debt Securities Available for Sale - Weighted average yield and contractual maturities of debt securities AFS (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Oct. 15, 2022 |
Amortized cost | |||
Amortized Cost | $ 18,715,779 | $ 19,562,549 | |
Gross unrealized gains | |||
Gross unrealized gains | 1,980 | 1,516 | |
Gross unrealized loss | |||
Gross unrealized losses | 1,544,631 | 1,759,691 | |
Fair Value | |||
Debt securities available-for-sale | $ 17,173,128 | $ 17,804,374 | |
Weighted average yield | |||
Weighted Average Yield | 1.84% | 1.75% | |
US Treasury Securities | |||
Amortized cost | |||
Amortized cost - Within 1 year | $ 4,724,780 | $ 4,576,127 | |
Amortized cost - After 1 to 5 years | 5,991,694 | 6,793,739 | |
Amortized cost - After 5 to 10 years | 308,525 | 308,854 | |
Amortized Cost | 11,024,999 | 11,678,720 | |
Gross unrealized gains | |||
Gross unrealized gain - Within 1 year | 622 | 506 | |
Gross unrealized gain - After 1 to 5 years | 43 | 0 | |
Gross unrealized gain - After 5 to 10 years | 0 | 0 | |
Gross unrealized gains | 665 | 506 | |
Gross unrealized loss | |||
Gross unrealized losses - Within 1 year | 50,140 | 47,156 | |
Gross unrealized losses - After 1 to 5 years | 308,049 | 410,858 | |
Gross unrealized losses - After 5 to 10 years | 32,728 | 40,264 | |
Gross unrealized losses | 390,917 | 498,278 | $ 873,000 |
Fair Value | |||
Fair value - Within 1 year | 4,675,262 | 4,529,477 | |
Fair value - After 1 to 5 years | 5,683,688 | 6,382,881 | |
Fair value - After 5 to 10 years | 275,797 | 268,590 | |
Debt securities available-for-sale | $ 10,634,747 | $ 11,180,948 | |
Weighted average yield | |||
Weighted average yield - Within 1 year | 2.69% | 2.42% | |
Weighted average yield - After 1 to 5 years | 1.33% | 1.35% | |
Weighted average yield - After 5 to 10 years | 1.63% | 1.63% | |
Weighted Average Yield | 1.92% | 1.78% | |
Collateralized Mortgage Obligations - Federal agencies | |||
Amortized cost | |||
Amortized cost - After 1 to 5 years | $ 13,109 | $ 3,914 | |
Amortized cost - After 5 to 10 years | 34,671 | 47,979 | |
Amortized cost - After 10 years | 123,200 | 127,639 | |
Amortized Cost | 170,980 | 179,532 | |
Gross unrealized gains | |||
Gross unrealized gain - After 1 to 5 years | 0 | 0 | |
Gross unrealized gain - After 5 to 10 years | 0 | 0 | |
Gross unrealized gain - After 10 years | 34 | 24 | |
Gross unrealized gains | 34 | 24 | |
Gross unrealized loss | |||
Gross unrealized losses - After 1 to 5 years | 733 | 213 | |
Gross unrealized losses - After 5 to 10 years | 2,230 | 3,428 | |
Gross unrealized losses - After 10 years | 9,279 | 10,719 | |
Gross unrealized losses | 12,242 | 14,360 | |
Fair Value | |||
Fair value - After 1 to 5 years | 12,376 | 3,701 | |
Fair value - After 5 to 10 years | 32,441 | 44,551 | |
Fair value - After 10 years | 113,955 | 116,944 | |
Debt securities available-for-sale | $ 158,772 | $ 165,196 | |
Weighted average yield | |||
Weighted average yield - After 1 to 5 years | 1.58% | 1.77% | |
Weighted average yield - After 5 to 10 years | 1.80% | 1.73% | |
Weighted average yield - After 10 years | 2.56% | 2.53% | |
Weighted Average Yield | 2.33% | 2.30% | |
Mortgage Backed Securities | |||
Amortized cost | |||
Amortized cost - Within 1 year | $ 460 | ||
Amortized cost - After 1 to 5 years | 71,211 | $ 74,328 | |
Amortized cost - After 5 to 10 years | 837,061 | 866,757 | |
Amortized cost - After 10 years | 6,610,019 | 6,762,150 | |
Amortized Cost | 7,518,751 | 7,703,235 | |
Gross unrealized gains | |||
Gross unrealized gain - Within 1 year | 0 | ||
Gross unrealized gain - After 1 to 5 years | 14 | 11 | |
Gross unrealized gain - After 5 to 10 years | 47 | 43 | |
Gross unrealized gain - After 10 years | 1,220 | 932 | |
Gross unrealized gains | 1,281 | 986 | |
Gross unrealized loss | |||
Gross unrealized losses - Within 1 year | 3 | ||
Gross unrealized losses - After 1 to 5 years | 2,721 | 3,428 | |
Gross unrealized losses - After 5 to 10 years | 52,682 | 58,997 | |
Gross unrealized losses - After 10 years | 1,086,066 | 1,184,626 | |
Gross unrealized losses | 1,141,472 | 1,247,051 | |
Fair Value | |||
Fair value - Within 1 year | 457 | ||
Fair value - After 1 to 5 years | 68,504 | 70,911 | |
Fair value - After 5 to 10 years | 784,426 | 807,803 | |
Fair value - After 10 years | 5,525,173 | 5,578,456 | |
Debt securities available-for-sale | $ 6,378,560 | $ 6,457,170 | |
Weighted average yield | |||
Weighted average yield - Within 1 year | 3.37% | ||
Weighted average yield - After 1 to 5 years | 2.36% | 2.33% | |
Weighted average yield - After 5 to 10 years | 2.19% | 2.16% | |
Weighted average yield - After 10 years | 1.63% | 1.61% | |
Weighted Average Yield | 1.70% | 1.68% | |
Other | |||
Amortized cost | |||
Amortized cost - After 1 to 5 years | $ 1,049 | $ 1,062 | |
Amortized Cost | 1,049 | 1,062 | |
Gross unrealized gains | |||
Gross unrealized gain - After 1 to 5 years | 0 | 0 | |
Gross unrealized gains | 0 | 0 | |
Gross unrealized loss | |||
Gross unrealized losses - After 1 to 5 years | 0 | 2 | |
Gross unrealized losses | 0 | 2 | |
Fair Value | |||
Fair value - After 1 to 5 years | 1,049 | 1,060 | |
Debt securities available-for-sale | $ 1,049 | $ 1,060 | |
Weighted average yield | |||
Weighted average yield - After 1 to 5 years | 3.98% | 3.98% | |
Weighted Average Yield | 3.98% | 3.98% |
Debt Securities Available for_2
Debt Securities Available for Sale - Weighted average yield and contractual maturities of debt securities AFS - Parenthetical (Details) - Debt securities available-for-sale - USD ($) $ in Billions | Mar. 31, 2023 | Dec. 31, 2022 |
Asset pledged as collateral | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Debt securities | $ 10.3 | $ 11.3 |
Loans served as collateral for public funds | 9.4 | 10.3 |
Asset Not Pledged as Collateral | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Debt securities | $ 6.7 | $ 6.4 |
Debt Securities Available for_3
Debt Securities Available for Sale - AFS debt securities in a continuous unrealized loss position (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | $ 2,645,397 | $ 7,907,905 |
Less than 12 months Gross Unrealized Losses | 66,217 | 437,310 |
12 months or more Fair Value | 12,592,540 | 7,929,428 |
12 months or more Gross Unrealized Losses | 1,478,414 | 1,322,381 |
Total Fair Value | 15,237,937 | 15,837,333 |
Total Gross Unrealized Losses | 1,544,631 | 1,759,691 |
US Treasury Securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 2,162,329 | 6,027,786 |
Less than 12 months Gross Unrealized Losses | 42,295 | 288,582 |
12 months or more Fair Value | 6,598,099 | 3,244,572 |
12 months or more Gross Unrealized Losses | 348,622 | 209,696 |
Total Fair Value | 8,760,428 | 9,272,358 |
Total Gross Unrealized Losses | 390,917 | 498,278 |
Collateralized Mortgage Obligations - Federal agencies | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 42,946 | 139,845 |
Less than 12 months Gross Unrealized Losses | 1,526 | 10,655 |
12 months or more Fair Value | 113,220 | 22,661 |
12 months or more Gross Unrealized Losses | 10,716 | 3,705 |
Total Fair Value | 156,166 | 162,506 |
Total Gross Unrealized Losses | 12,242 | 14,360 |
Mortgage Backed Securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 440,122 | 1,740,214 |
Less than 12 months Gross Unrealized Losses | 22,396 | 138,071 |
12 months or more Fair Value | 5,881,221 | 4,662,195 |
12 months or more Gross Unrealized Losses | 1,119,076 | 1,108,980 |
Total Fair Value | 6,321,343 | 6,402,409 |
Total Gross Unrealized Losses | $ 1,141,472 | 1,247,051 |
Other | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 60 | |
Less than 12 months Gross Unrealized Losses | 2 | |
12 months or more Fair Value | 0 | |
12 months or more Gross Unrealized Losses | 0 | |
Total Fair Value | 60 | |
Total Gross Unrealized Losses | $ 2 |
Debt Securities Available for_4
Debt Securities Available for Sale - Debt securities available- for-sale - Additional Information (Details) - USD ($) | 3 Months Ended | |||
Oct. 15, 2022 | Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Schedule of Available-for-sale Securities [Line Items] | ||||
Proceeds from sale of debt securities available-for-sale | $ 0 | $ 0 | ||
Gross unrealized losses | 1,544,631,000 | $ 1,759,691,000 | ||
US Treasury Securities | ||||
Schedule of Available-for-sale Securities [Line Items] | ||||
Available-for-sale securities transfer to Held-to-maturity | $ 6,500,000,000 | |||
Available-for-sale securities transfer to Held-to-Maturity at par value | 7,400,000,000 | |||
Gross unrealized losses | $ 873,000,000 | $ 390,917,000 | $ 498,278,000 |
Debt Securities Held-to-matur_3
Debt Securities Held-to-maturity - Weighted average yield and contractual maturities of debt securities HTM (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Amortized cost | ||||
Amortized cost | $ 9,352,385 | $ 9,356,739 | ||
Book Value | ||||
Book Value | 8,563,052 | 8,525,366 | ||
Allowance for credit losses | ||||
Allowance for credit losses | 6,792 | 6,911 | ||
Net of Allowance | ||||
Net of Allowance | 8,556,260 | 8,518,455 | ||
Gross unrecognized gains | ||||
Gross Unrealized Gains | 79,542 | 4,918 | ||
Gross unrealized losses | ||||
Gross Unrealized Losses | 37,882 | 83,177 | ||
Fair Value | ||||
Fair value | $ 8,597,920 | $ 8,440,196 | ||
Weighted Average Yield | ||||
Weighted Average Yield | 1.55% | 1.55% | ||
US Treasury Securities | ||||
Amortized cost | ||||
Amortized cost - Within 1 year | $ 649,391 | $ 499,034 | ||
Amortized cost - After 1 to 5 year | 6,591,199 | 6,147,568 | ||
Amortized cost - After 5 to 10 years | 2,043,395 | 2,638,238 | ||
Amortized cost | 9,283,985 | 9,284,840 | ||
Book Value | ||||
Book Value - within 1 year | 649,391 | 499,034 | ||
Book Value - Within 1 to 5 years | 6,043,507 | 5,640,767 | ||
Book Balue - After 5 to 10 years | 1,801,754 | 2,313,666 | ||
Book Value | 8,494,652 | 8,453,467 | ||
Allowance for credit losses | ||||
Allowance for credit losses - Within 1 Year | 0 | 0 | ||
Allowance for credit losses - After 1 to 5 years | 0 | 0 | ||
Allowance for credit losses - After 5 to 10 years | 0 | 0 | ||
Allowance for credit losses | 0 | 0 | ||
Net of Allowance | ||||
Net of Allowance - Within 1 Year | 649,391 | 499,034 | ||
Net of Allowance - After 1 to 5 Years | 6,043,507 | 5,640,767 | ||
Net of Allowance - After 5 to 10 Years | 1,801,754 | 2,313,666 | ||
Net of Allowance | 8,494,652 | 8,453,467 | ||
Gross unrecognized gains | ||||
Gross unrealized gains - Within 1 year | 0 | 0 | ||
Gross unrealized gains - After 1 to 5 years | 49,211 | 0 | ||
Gross unrealized gains - After 5 to 10 years | 25,736 | 0 | ||
Gross Unrealized Gains | 74,947 | 0 | ||
Gross unrealized losses | ||||
Gross unrealized losses - Within 1 year | 6,923 | 6,203 | ||
Gross unrealized losses - After 1 to 5 years | 28,571 | 59,806 | ||
Gross unrealized losses - After 5 to 10 years | 0 | 14,857 | ||
Gross Unrealized Losses | 35,494 | 80,866 | ||
Fair Value | ||||
Fair Value - within 1 year | 642,468 | 492,831 | ||
Fair Value - After 1 to 5 years | 6,064,147 | 5,580,961 | ||
Fair Value - After 5 to 10 years | 1,827,490 | 2,298,809 | ||
Fair value | $ 8,534,105 | $ 8,372,601 | ||
Weighted Average Yield | ||||
Weighted average yield - Within 1 Year | 2.75% | 2.83% | ||
Weighted average yield - After 1 to 5 years | 1.45% | 1.49% | ||
Weighted average yield - After 5 to 10 years | 1.44% | 1.41% | ||
Weighted Average Yield | 1.54% | 1.54% | ||
Obligations of Puerto Rico, States and political subdivisions | ||||
Amortized cost | ||||
Amortized cost - Within 1 year | $ 4,730 | $ 4,530 | ||
Amortized cost - After 1 to 5 year | 15,805 | 19,105 | ||
Amortized cost - After 5 to 10 years | 1,025 | 1,025 | ||
Amortized cost - After 10 years | 40,865 | 41,261 | ||
Amortized cost | 62,425 | 65,921 | ||
Book Value | ||||
Book Value - within 1 year | 4,730 | 4,530 | ||
Book Value - Within 1 to 5 years | 15,805 | 19,105 | ||
Book Balue - After 5 to 10 years | 1,025 | 1,025 | ||
Book Value - After 10 years | 40,865 | 41,261 | ||
Book Value | 62,425 | 65,921 | ||
Allowance for credit losses | ||||
Allowance for credit losses - Within 1 Year | 21 | 8 | ||
Allowance for credit losses - After 1 to 5 years | 212 | 234 | ||
Allowance for credit losses - After 5 to 10 years | 34 | 34 | ||
Allowance for credit losses - After 10 years | 6,525 | 6,635 | ||
Allowance for credit losses | 6,792 | 6,911 | $ 7,844 | $ 8,096 |
Net of Allowance | ||||
Net of Allowance - Within 1 Year | 4,709 | 4,522 | ||
Net of Allowance - After 1 to 5 Years | 15,593 | 18,871 | ||
Net of Allowance - After 5 to 10 Years | 991 | 991 | ||
Net of Allowance - After 10 Years | 34,340 | 34,626 | ||
Net of Allowance | 55,633 | 59,010 | ||
Gross unrecognized gains | ||||
Gross unrealized gains - Within 1 year | 18 | 5 | ||
Gross unrealized gains - After 1 to 5 years | 119 | 150 | ||
Gross unrealized gains - After 5 to 10 years | 34 | 34 | ||
Gross unrealized gains - After 10 years | 4,423 | 4,729 | ||
Gross Unrealized Gains | 4,594 | 4,918 | ||
Gross unrealized losses | ||||
Gross unrealized losses - Within 1 year | 3 | 0 | ||
Gross unrealized losses - After 1 to 5 years | 115 | 82 | ||
Gross unrealized losses - After 5 to 10 years | 0 | 0 | ||
Gross unrealized losses - After 10 years | 2,270 | 2,229 | ||
Gross Unrealized Losses | 2,388 | 2,311 | ||
Fair Value | ||||
Fair Value - within 1 year | 4,724 | 4,527 | ||
Fair Value - After 1 to 5 years | 15,597 | 18,939 | ||
Fair Value - After 5 to 10 years | 1,025 | 1,025 | ||
Fair Value - After 10 years | 36,493 | 37,126 | ||
Fair value | $ 57,839 | $ 61,617 | ||
Weighted Average Yield | ||||
Weighted average yield - Within 1 Year | 6.15% | 6.08% | ||
Weighted average yield - After 1 to 5 years | 3.83% | 4.24% | ||
Weighted average yield - After 5 to 10 years | 5.80% | 5.80% | ||
Weighted average yield - After 10 years | 1.40% | 1.40% | ||
Weighted Average Yield | 2.45% | 2.61% | ||
Collateralized Mortgage Obligations - Federal agencies | ||||
Amortized cost | ||||
Amortized cost - After 1 to 5 year | $ 16 | $ 19 | ||
Amortized cost | 16 | 19 | ||
Book Value | ||||
Book Value - Within 1 to 5 years | 16 | 19 | ||
Book Value | 16 | 19 | ||
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 | 16 | 19 | ||
Net of Allowance | 16 | 19 | ||
Gross unrecognized gains | ||||
Gross unrealized gains - After 1 to 5 years | 1 | 0 | ||
Gross Unrealized Gains | 1 | 0 | ||
Gross unrealized losses | ||||
Gross unrealized losses - After 1 to 5 years | 0 | 0 | ||
Gross Unrealized Losses | 0 | 0 | ||
Fair Value | ||||
Fair Value - After 1 to 5 years | 17 | 19 | ||
Fair value | $ 17 | $ 19 | ||
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 | $ 5,959 | $ 5,959 | ||
Amortized cost | 5,959 | 5,959 | ||
Book Value | ||||
Book Value - After 10 years | 5,959 | 5,959 | ||
Book Value | 5,959 | 5,959 | ||
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 | 5,959 | 5,959 | ||
Net of Allowance | 5,959 | 5,959 | ||
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 | 5,959 | 5,959 | ||
Fair value | $ 5,959 | $ 5,959 | ||
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 - Weighted average yield and contractual maturities of debt securities HTM - Parenthetical (Details) - Held To Maturity Debt Securities - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 |
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt securities net unrealized loss remaining in AOCI included in book value for AFS securities transferred to HTM securities | $ 789 | $ 831 |
Asset Not Pledged as Collateral | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt securities | 1,300 | 1,500 |
Asset pledged as collateral | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt securities | $ 7,100 | $ 6,900 |
Debt Securities Held-to-matur_5
Debt Securities Held-to-maturity - Credit quality indicators (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Debt securities held to maturity credit quality indicator [Line Items] | ||
Held to maturity securities | $ 9,352,385 | $ 9,356,739 |
Obligations of Puerto Rico, States and political subdivisions | ||
Debt securities held to maturity credit quality indicator [Line Items] | ||
Held to maturity securities | 62,425 | 65,921 |
Obligations of Puerto Rico, States and political subdivisions | Munis Payable From Real and Personal Property Taxes | ||
Debt securities held to maturity credit quality indicator [Line Items] | ||
Held to maturity securities | 21,560 | 24,660 |
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 [Line Items] | ||
Held to maturity securities | 2,905 | 13,735 |
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 [Line Items] | ||
Held to maturity securities | $ 18,655 | $ 10,925 |
Debt Securities Held-to-matur_6
Debt Securities Held-to-maturity - Allowance for credit loss on held to maturity (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Debt securities held to maturity allowance for credit loss | ||
Beginning balance | $ 6,911 | |
Ending balance | 6,792 | |
Obligations of Puerto Rico, States and political subdivisions | ||
Debt securities held to maturity allowance for credit loss | ||
Beginning balance | 6,911 | $ 8,096 |
Provision for credit losses (benefit) | (119) | (252) |
Securities charged-off | 0 | 0 |
Recoveries | 0 | 0 |
Ending balance | $ 6,792 | $ 7,844 |
Debt Securities Held-to-matur_7
Debt Securities Held-to-maturity -Additional Information (Details) | Mar. 31, 2023 USD ($) score | Dec. 31, 2022 USD ($) score | Mar. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Schedule of Held-to-maturity Securities [Line Items] | ||||
Held to maturity securities | $ 9,352,385,000 | $ 9,356,739,000 | ||
Allowance for credit losses | 6,792,000 | 6,911,000 | ||
Obligations of Puerto Rico, States and political subdivisions | ||||
Schedule of Held-to-maturity Securities [Line Items] | ||||
Held to maturity securities | 62,425,000 | 65,921,000 | ||
Allowance for credit losses | $ 6,792,000 | $ 6,911,000 | $ 7,844,000 | $ 8,096,000 |
Average Credit Score Fico | score | 707 | 707 | ||
Percentage of nominal value | 66% | 65% | ||
Obligations of Puerto Rico, States and political subdivisions | Munis Payable From Real and Personal Property Taxes | ||||
Schedule of Held-to-maturity Securities [Line Items] | ||||
Held to maturity securities | $ 21,560,000 | $ 24,660,000 | ||
Allowance for credit losses | 300,000 | 300,000 | ||
Obligations of Puerto Rico, States and political subdivisions | Munis Not Guaranteed By Puerto Rico Central Government | ||||
Schedule of Held-to-maturity Securities [Line Items] | ||||
Held to maturity securities | 41,000,000 | 42,000,000 | ||
Allowance for credit losses | 6,500,000 | 6,600,000 | ||
Past due | ||||
Schedule of Held-to-maturity Securities [Line Items] | ||||
Held to maturity securities | $ 0 | $ 0 |
Loans - Loans held-in-portfolio
Loans - Loans held-in-portfolio in past due status, non-performing status and accruing loans past-due 90 days or more by loan class (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | $ 32,338,373 | $ 32,077,769 |
Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 408,727 | 363,706 |
Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 117,088 | 139,856 |
Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 718,266 | 791,055 |
Non-accrual loans | 412,383 | 439,441 |
Accruing loans past-due 90 days or more | 305,883 | 351,614 |
Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,244,081 | 1,294,617 |
Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 31,094,292 | 30,783,152 |
Construction | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 698,996 | 757,984 |
Construction | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 15,246 | 0 |
Construction | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Construction | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Non-accrual loans | 0 | 0 |
Accruing loans past-due 90 days or more | 0 | 0 |
Construction | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 15,246 | 0 |
Construction | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 683,750 | 757,984 |
Mortgages | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 7,405,907 | 7,397,471 |
Mortgages | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 205,228 | 239,057 |
Mortgages | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 83,228 | 97,715 |
Mortgages | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 530,471 | 600,481 |
Non-accrual loans | 238,794 | 262,879 |
Accruing loans past-due 90 days or more | 291,677 | 337,602 |
Mortgages | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 818,927 | 937,253 |
Mortgages | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 6,586,980 | 6,460,218 |
Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,336,357 | 2,321,713 |
Commercial | Commercial multi-family | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 650 | 2,602 |
Commercial | Commercial multi-family | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Commercial | Commercial multi-family | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 606 | 242 |
Non-accrual loans | 606 | 242 |
Accruing loans past-due 90 days or more | 0 | 0 |
Commercial | Commercial multi-family | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,256 | 2,844 |
Commercial | Commercial multi-family | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,335,101 | 2,318,869 |
Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,650,675 | 4,499,670 |
Commercial | CRE non-owner occupied | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 18,772 | 1,425 |
Commercial | CRE non-owner occupied | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,584 | 428 |
Commercial | CRE non-owner occupied | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 23,063 | 25,116 |
Non-accrual loans | 23,063 | 25,116 |
Accruing loans past-due 90 days or more | 0 | 0 |
Commercial | CRE non-owner occupied | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 43,419 | 26,969 |
Commercial | CRE non-owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,607,256 | 4,472,701 |
Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,018,587 | 3,078,549 |
Commercial | CRE owner occupied | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 39,538 | 729 |
Commercial | CRE owner occupied | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 245 |
Commercial | CRE owner occupied | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 42,874 | 29,085 |
Non-accrual loans | 42,874 | 29,085 |
Accruing loans past-due 90 days or more | 0 | 0 |
Commercial | CRE owner occupied | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 82,412 | 30,059 |
Commercial | CRE owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,936,175 | 3,048,490 |
Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,999,642 | 5,839,200 |
Commercial | Commercial and Industrial | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 31,713 | 15,996 |
Commercial | Commercial and Industrial | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 796 | 3,146 |
Commercial | Commercial and Industrial | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 37,417 | 40,462 |
Non-accrual loans | 35,457 | 38,596 |
Accruing loans past-due 90 days or more | 1,960 | 1,866 |
Commercial | Commercial and Industrial | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 69,926 | 59,604 |
Commercial | Commercial and Industrial | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,929,716 | 5,779,596 |
Leasing | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,614,344 | 1,585,739 |
Leasing | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 12,301 | 11,983 |
Leasing | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,605 | 3,563 |
Leasing | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 6,103 | 5,941 |
Non-accrual loans | 6,103 | 5,941 |
Accruing loans past-due 90 days or more | 0 | 0 |
Leasing | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 21,009 | 21,487 |
Leasing | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,593,335 | 1,564,252 |
Consumer | Credit card | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,046,196 | 1,041,870 |
Consumer | Credit card | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 7,162 | 7,106 |
Consumer | Credit card | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,823 | 5,049 |
Consumer | Credit card | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 12,061 | 11,910 |
Non-accrual loans | 0 | 0 |
Accruing loans past-due 90 days or more | 12,061 | 11,910 |
Consumer | Credit card | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 25,046 | 24,065 |
Consumer | Credit card | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,021,150 | 1,017,805 |
Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 69,887 | 71,916 |
Consumer | Home equity lines of credit | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 496 | 413 |
Consumer | Home equity lines of credit | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 70 | 161 |
Consumer | Home equity lines of credit | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,618 | 4,110 |
Non-accrual loans | 4,618 | 4,110 |
Accruing loans past-due 90 days or more | 0 | 0 |
Consumer | Home equity lines of credit | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,184 | 4,684 |
Consumer | Home equity lines of credit | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 64,703 | 67,232 |
Consumer | Personal loans | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,841,069 | 1,823,579 |
Consumer | Personal loans | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 16,031 | 15,040 |
Consumer | Personal loans | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 10,249 | 10,219 |
Consumer | Personal loans | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 19,932 | 20,040 |
Non-accrual loans | 19,917 | 20,040 |
Accruing loans past-due 90 days or more | 15 | 0 |
Consumer | Personal loans | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 46,212 | 45,299 |
Consumer | Personal loans | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,794,857 | 1,778,280 |
Consumer | Auto Loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,517,940 | 3,512,530 |
Consumer | Auto Loan | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 60,324 | 68,868 |
Consumer | Auto Loan | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 12,684 | 19,243 |
Consumer | Auto Loan | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 39,516 | 40,978 |
Non-accrual loans | 39,516 | 40,978 |
Accruing loans past-due 90 days or more | 0 | 0 |
Consumer | Auto Loan | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 112,524 | 129,089 |
Consumer | Auto Loan | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,405,416 | 3,383,441 |
Consumer | Other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 138,773 | 147,548 |
Consumer | Other | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,266 | 487 |
Consumer | Other | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 49 | 87 |
Consumer | Other | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,605 | 12,690 |
Non-accrual loans | 1,435 | 12,454 |
Accruing loans past-due 90 days or more | 170 | 236 |
Consumer | Other | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,920 | 13,264 |
Consumer | Other | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 135,853 | 134,284 |
Puerto Rico | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 22,806,512 | 22,546,905 |
Puerto Rico | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 329,269 | 329,733 |
Puerto Rico | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 114,257 | 130,189 |
Puerto Rico | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 684,617 | 753,257 |
Non-accrual loans | 378,979 | 402,009 |
Accruing loans past-due 90 days or more | 305,638 | 351,248 |
Puerto Rico | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,128,143 | 1,213,179 |
Puerto Rico | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 21,678,369 | 21,333,726 |
Puerto Rico | Construction | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 155,349 | 147,041 |
Puerto Rico | Construction | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 8,081 | 0 |
Puerto Rico | Construction | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Puerto Rico | Construction | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Non-accrual loans | 0 | 0 |
Accruing loans past-due 90 days or more | 0 | 0 |
Puerto Rico | Construction | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 8,081 | 0 |
Puerto Rico | Construction | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 147,268 | 147,041 |
Puerto Rico | Mortgages | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 6,116,684 | 6,110,279 |
Puerto Rico | Mortgages | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 183,187 | 222,926 |
Puerto Rico | Mortgages | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 81,729 | 91,881 |
Puerto Rico | Mortgages | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 515,752 | 579,993 |
Non-accrual loans | 224,075 | 242,391 |
Accruing loans past-due 90 days or more | 291,677 | 337,602 |
Puerto Rico | Mortgages | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 780,668 | 894,800 |
Puerto Rico | Mortgages | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,336,016 | 5,215,479 |
Puerto Rico | Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 292,806 | 281,373 |
Puerto Rico | Commercial | Commercial multi-family | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 650 | 425 |
Puerto Rico | Commercial | Commercial multi-family | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Puerto Rico | Commercial | Commercial multi-family | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 185 | 242 |
Non-accrual loans | 185 | 242 |
Accruing loans past-due 90 days or more | 0 | 0 |
Puerto Rico | Commercial | Commercial multi-family | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 835 | 667 |
Puerto Rico | Commercial | Commercial multi-family | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 291,971 | 280,706 |
Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,885,483 | 2,757,327 |
Puerto Rico | Commercial | CRE non-owner occupied | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,739 | 941 |
Puerto Rico | Commercial | CRE non-owner occupied | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,584 | 428 |
Puerto Rico | Commercial | CRE non-owner occupied | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 22,856 | 23,662 |
Non-accrual loans | 22,856 | 23,662 |
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 [Line Items] | ||
Loans held in portfolio | 27,179 | 25,031 |
Puerto Rico | Commercial | CRE non-owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,858,304 | 2,732,296 |
Puerto Rico | Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,497,503 | 1,588,056 |
Puerto Rico | Commercial | CRE owner occupied | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 21,496 | 729 |
Puerto Rico | Commercial | CRE owner occupied | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 245 |
Puerto Rico | Commercial | CRE owner occupied | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 37,779 | 23,990 |
Non-accrual loans | 37,779 | 23,990 |
Accruing loans past-due 90 days or more | 0 | 0 |
Puerto Rico | Commercial | CRE owner occupied | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 59,275 | 24,964 |
Puerto Rico | Commercial | CRE owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,438,228 | 1,563,092 |
Puerto Rico | Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,934,433 | 3,796,508 |
Puerto Rico | Commercial | Commercial and Industrial | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 17,934 | 3,036 |
Puerto Rico | Commercial | Commercial and Industrial | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 793 | 941 |
Puerto Rico | Commercial | Commercial and Industrial | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 31,847 | 35,777 |
Non-accrual loans | 30,132 | 34,277 |
Accruing loans past-due 90 days or more | 1,715 | 1,500 |
Puerto Rico | Commercial | Commercial and Industrial | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 50,574 | 39,754 |
Puerto Rico | Commercial | Commercial and Industrial | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,883,859 | 3,756,754 |
Puerto Rico | Leasing | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,614,344 | 1,585,739 |
Puerto Rico | Leasing | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 12,301 | 11,983 |
Puerto Rico | Leasing | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,605 | 3,563 |
Puerto Rico | Leasing | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 6,103 | 5,941 |
Non-accrual loans | 6,103 | 5,941 |
Accruing loans past-due 90 days or more | 0 | 0 |
Puerto Rico | Leasing | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 21,009 | 21,487 |
Puerto Rico | Leasing | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,593,335 | 1,564,252 |
Puerto Rico | Consumer | Credit card | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,046,175 | 1,041,831 |
Puerto Rico | Consumer | Credit card | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 7,162 | 7,106 |
Puerto Rico | Consumer | Credit card | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,823 | 5,049 |
Puerto Rico | Consumer | Credit card | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 12,061 | 11,910 |
Non-accrual loans | 0 | 0 |
Accruing loans past-due 90 days or more | 12,061 | 11,910 |
Puerto Rico | Consumer | Credit card | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 25,046 | 24,065 |
Puerto Rico | Consumer | Credit card | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,021,129 | 1,017,766 |
Puerto Rico | Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,865 | 2,954 |
Puerto Rico | Consumer | Home equity lines of credit | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Puerto Rico | Consumer | Home equity lines of credit | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
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 [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Non-accrual loans | 0 | 0 |
Accruing loans past-due 90 days or more | 0 | 0 |
Puerto Rico | Consumer | Home equity lines of credit | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Puerto Rico | Consumer | Home equity lines of credit | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,865 | 2,954 |
Puerto Rico | Consumer | Personal loans | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,612,918 | 1,585,687 |
Puerto Rico | Consumer | Personal loans | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 14,131 | 13,232 |
Puerto Rico | Consumer | Personal loans | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 8,990 | 8,752 |
Puerto Rico | Consumer | Personal loans | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 17,427 | 18,082 |
Non-accrual loans | 17,412 | 18,082 |
Accruing loans past-due 90 days or more | 15 | 0 |
Puerto Rico | Consumer | Personal loans | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 40,548 | 40,066 |
Puerto Rico | Consumer | Personal loans | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,572,370 | 1,545,621 |
Puerto Rico | Consumer | Auto Loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,517,940 | 3,512,530 |
Puerto Rico | Consumer | Auto Loan | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 60,324 | 68,868 |
Puerto Rico | Consumer | Auto Loan | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 12,684 | 19,243 |
Puerto Rico | Consumer | Auto Loan | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 39,516 | 40,978 |
Non-accrual loans | 39,516 | 40,978 |
Accruing loans past-due 90 days or more | 0 | 0 |
Puerto Rico | Consumer | Auto Loan | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 112,524 | 129,089 |
Puerto Rico | Consumer | Auto Loan | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,405,416 | 3,383,441 |
Puerto Rico | Consumer | Other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 130,012 | 137,580 |
Puerto Rico | Consumer | Other | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,264 | 487 |
Puerto Rico | Consumer | Other | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 49 | 87 |
Puerto Rico | Consumer | Other | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,091 | 12,682 |
Non-accrual loans | 921 | 12,446 |
Accruing loans past-due 90 days or more | 170 | 236 |
Puerto Rico | Consumer | Other | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,404 | 13,256 |
Puerto Rico | Consumer | Other | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 127,608 | 124,324 |
Popular U.S. | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 9,531,861 | 9,530,864 |
Popular U.S. | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 79,458 | 33,973 |
Popular U.S. | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,831 | 9,667 |
Popular U.S. | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 33,649 | 37,798 |
Non-accrual loans | 33,404 | 37,432 |
Accruing loans past-due 90 days or more | 245 | 366 |
Popular U.S. | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 115,938 | 81,438 |
Popular U.S. | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 9,415,923 | 9,449,426 |
Popular U.S. | Construction | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 543,647 | 610,943 |
Popular U.S. | Construction | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 7,165 | 0 |
Popular U.S. | Construction | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Popular U.S. | Construction | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
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 [Line Items] | ||
Loans held in portfolio | 7,165 | 0 |
Popular U.S. | Construction | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 536,482 | 610,943 |
Popular U.S. | Mortgages | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,289,223 | 1,287,192 |
Popular U.S. | Mortgages | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 22,041 | 16,131 |
Popular U.S. | Mortgages | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,499 | 5,834 |
Popular U.S. | Mortgages | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 14,719 | 20,488 |
Non-accrual loans | 14,719 | 20,488 |
Accruing loans past-due 90 days or more | 0 | 0 |
Popular U.S. | Mortgages | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 38,259 | 42,453 |
Popular U.S. | Mortgages | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,250,964 | 1,244,739 |
Popular U.S. | Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,043,551 | 2,040,340 |
Popular U.S. | Commercial | Commercial multi-family | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 2,177 |
Popular U.S. | Commercial | Commercial multi-family | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Popular U.S. | Commercial | Commercial multi-family | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 421 | 0 |
Non-accrual loans | 421 | 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 [Line Items] | ||
Loans held in portfolio | 421 | 2,177 |
Popular U.S. | Commercial | Commercial multi-family | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,043,130 | 2,038,163 |
Popular U.S. | Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,765,192 | 1,742,343 |
Popular U.S. | Commercial | CRE non-owner occupied | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 16,033 | 484 |
Popular U.S. | Commercial | CRE non-owner occupied | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Popular U.S. | Commercial | CRE non-owner occupied | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 207 | 1,454 |
Non-accrual loans | 207 | 1,454 |
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 [Line Items] | ||
Loans held in portfolio | 16,240 | 1,938 |
Popular U.S. | Commercial | CRE non-owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,748,952 | 1,740,405 |
Popular U.S. | Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,521,084 | 1,490,493 |
Popular U.S. | Commercial | CRE owner occupied | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 18,042 | 0 |
Popular U.S. | Commercial | CRE owner occupied | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
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 [Line Items] | ||
Loans held in portfolio | 5,095 | 5,095 |
Non-accrual loans | 5,095 | 5,095 |
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 [Line Items] | ||
Loans held in portfolio | 23,137 | 5,095 |
Popular U.S. | Commercial | CRE owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,497,947 | 1,485,398 |
Popular U.S. | Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,065,209 | 2,042,692 |
Popular U.S. | Commercial | Commercial and Industrial | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 13,779 | 12,960 |
Popular U.S. | Commercial | Commercial and Industrial | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3 | 2,205 |
Popular U.S. | Commercial | Commercial and Industrial | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,570 | 4,685 |
Non-accrual loans | 5,325 | 4,319 |
Accruing loans past-due 90 days or more | 245 | 366 |
Popular U.S. | Commercial | Commercial and Industrial | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 19,352 | 19,850 |
Popular U.S. | Commercial | Commercial and Industrial | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,045,857 | 2,022,842 |
Popular U.S. | Consumer | Credit card | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 21 | 39 |
Popular U.S. | Consumer | Credit card | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Popular U.S. | Consumer | Credit card | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Popular U.S. | Consumer | Credit card | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
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 [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Popular U.S. | Consumer | Credit card | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 21 | 39 |
Popular U.S. | Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 67,022 | 68,962 |
Popular U.S. | Consumer | Home equity lines of credit | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 496 | 413 |
Popular U.S. | Consumer | Home equity lines of credit | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 70 | 161 |
Popular U.S. | Consumer | Home equity lines of credit | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,618 | 4,110 |
Non-accrual loans | 4,618 | 4,110 |
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 [Line Items] | ||
Loans held in portfolio | 5,184 | 4,684 |
Popular U.S. | Consumer | Home equity lines of credit | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 61,838 | 64,278 |
Popular U.S. | Consumer | Personal loans | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 228,151 | 237,892 |
Popular U.S. | Consumer | Personal loans | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,900 | 1,808 |
Popular U.S. | Consumer | Personal loans | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,259 | 1,467 |
Popular U.S. | Consumer | Personal loans | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,505 | 1,958 |
Non-accrual loans | 2,505 | 1,958 |
Accruing loans past-due 90 days or more | 0 | 0 |
Popular U.S. | Consumer | Personal loans | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,664 | 5,233 |
Popular U.S. | Consumer | Personal loans | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 222,487 | 232,659 |
Popular U.S. | Consumer | Other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 8,761 | 9,968 |
Popular U.S. | Consumer | Other | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2 | 0 |
Popular U.S. | Consumer | Other | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Popular U.S. | Consumer | Other | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 514 | 8 |
Non-accrual loans | 514 | 8 |
Accruing loans past-due 90 days or more | 0 | 0 |
Popular U.S. | Consumer | Other | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 516 | 8 |
Popular U.S. | Consumer | Other | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | $ 8,245 | $ 9,960 |
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 | Mar. 31, 2023 | Dec. 31, 2022 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Unearned Income | $ 306,650 | $ 295,156 |
Loans held-for-sale, at fair value | 11,181 | 5,381 |
Notes Receivable Gross | 32,338,373 | 32,077,769 |
Non-accrual with no allowance | 176,722 | 177,104 |
Asset pledged as collateral | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 7,700,000 | 7,400,000 |
Federal Home Loan Bank | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Line Of Credit Facility Current Borrowing Capacity | 2,800,000 | 2,100,000 |
Federal Home Loan Bank | Asset pledged as collateral | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,100,000 | 4,800,000 |
FRB Advances | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,600,000 | 2,600,000 |
Line Of Credit Facility Current Borrowing Capacity | 1,500,000 | 1,400,000 |
Current | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 31,094,292 | 30,783,152 |
Reverse Mortgages | Current | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 40,000 | 42,000 |
Residential mortgage loans insured By FHA | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual with no allowance | $ 167,000 | $ 190,000 |
Loans - Amortized cost basis an
Loans - Amortized cost basis and interest income recognized on non-accrual loans (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | $ 176,722 | $ 177,104 |
Non-accrual with allowance | 235,661 | 262,337 |
Mortgages | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 103,543 | 119,098 |
Non-accrual with allowance | 135,251 | 143,781 |
Commercial | Commercial multi-family | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 606 | 242 |
Commercial | CRE non-owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 19,324 | 17,093 |
Non-accrual with allowance | 3,739 | 8,023 |
Commercial | CRE owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 29,608 | 14,165 |
Non-accrual with allowance | 13,266 | 14,920 |
Commercial | Commercial and Industrial | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 17,551 | 20,227 |
Non-accrual with allowance | 17,906 | 18,369 |
Leasing | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 194 | 458 |
Non-accrual with allowance | 5,909 | 5,483 |
Consumer | Home equity lines of credit | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 4,618 | 4,110 |
Consumer | Personal loans | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 5,122 | 4,623 |
Non-accrual with allowance | 14,795 | 15,417 |
Consumer | Auto Loan | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 1,117 | 1,177 |
Non-accrual with allowance | 38,399 | 39,801 |
Consumer | Other | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 263 | 263 |
Non-accrual with allowance | 1,172 | 12,191 |
Puerto Rico | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 171,400 | 170,484 |
Non-accrual with allowance | 207,579 | 231,525 |
Puerto Rico | Mortgages | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 103,316 | 119,027 |
Non-accrual with allowance | 120,759 | 123,364 |
Puerto Rico | Commercial | Commercial multi-family | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 185 | 242 |
Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 19,324 | 15,639 |
Non-accrual with allowance | 3,532 | 8,023 |
Puerto Rico | Commercial | CRE owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 24,513 | 9,070 |
Non-accrual with allowance | 13,266 | 14,920 |
Puerto Rico | Commercial | Commercial and Industrial | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 17,551 | 20,227 |
Non-accrual with allowance | 12,581 | 14,050 |
Puerto Rico | Leasing | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 194 | 458 |
Non-accrual with allowance | 5,909 | 5,483 |
Puerto Rico | Consumer | Home equity lines of credit | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 0 | 0 |
Puerto Rico | Consumer | Personal loans | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 5,122 | 4,623 |
Non-accrual with allowance | 12,290 | 13,459 |
Puerto Rico | Consumer | Auto Loan | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 1,117 | 1,177 |
Non-accrual with allowance | 38,399 | 39,801 |
Puerto Rico | Consumer | Other | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 263 | 263 |
Non-accrual with allowance | 658 | 12,183 |
Popular U.S. | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 5,322 | 6,620 |
Non-accrual with allowance | 28,082 | 30,812 |
Popular U.S. | Mortgages | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 227 | 71 |
Non-accrual with allowance | 14,492 | 20,417 |
Popular U.S. | Commercial | Commercial multi-family | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 421 | 0 |
Popular U.S. | Commercial | CRE non-owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 1,454 |
Non-accrual with allowance | 207 | 0 |
Popular U.S. | Commercial | CRE owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 5,095 | 5,095 |
Non-accrual with allowance | 0 | 0 |
Popular U.S. | Commercial | Commercial and Industrial | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 5,325 | 4,319 |
Popular U.S. | Leasing | ||
Financing receivable nonaccrual status [Line Items] | ||
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 [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 4,618 | 4,110 |
Popular U.S. | Consumer | Personal loans | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 2,505 | 1,958 |
Popular U.S. | Consumer | Auto Loan | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 0 | 0 |
Popular U.S. | Consumer | Other | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | $ 514 | $ 8 |
Loans - Amortized cost basis of
Loans - Amortized cost basis of collateral dependent loans by class (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | $ 32,338,373 | $ 32,077,769 |
Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 373,087 | 406,836 |
Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 332,418 | 364,991 |
Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 10,918 | 10,576 |
Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 96 | 168 |
Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 8,397 | 9,853 |
Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 21,258 | 21,248 |
Mortgages | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 7,405,907 | 7,397,471 |
Mortgages | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 106,943 | 129,173 |
Mortgages | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 106,943 | 129,173 |
Mortgages | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Mortgages | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Mortgages | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Mortgages | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | Commercial multi-family | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,336,357 | 2,321,713 |
Commercial | Commercial multi-family | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,316 | 1,329 |
Commercial | Commercial multi-family | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,316 | 1,329 |
Commercial | Commercial multi-family | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | Commercial multi-family | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | Commercial multi-family | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | Commercial multi-family | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | CRE non-owner occupied | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 4,650,675 | 4,499,670 |
Commercial | CRE non-owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 180,090 | 204,434 |
Commercial | CRE non-owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 180,090 | 204,434 |
Commercial | CRE non-owner occupied | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | CRE non-owner occupied | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | CRE non-owner occupied | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | CRE non-owner occupied | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | CRE owner occupied | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 3,018,587 | 3,078,549 |
Commercial | CRE owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 37,566 | 23,329 |
Commercial | CRE owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 37,566 | 23,329 |
Commercial | CRE owner occupied | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | CRE owner occupied | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | CRE owner occupied | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | CRE owner occupied | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | Commercial and Industrial | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,999,642 | 5,839,200 |
Commercial | Commercial and Industrial | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 30,558 | 32,351 |
Commercial | Commercial and Industrial | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,070 | 1,345 |
Commercial | Commercial and Industrial | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Commercial | Commercial and Industrial | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 96 | 168 |
Commercial | Commercial and Industrial | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 8,397 | 9,853 |
Commercial | Commercial and Industrial | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 20,995 | 20,985 |
Consumer | Personal loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,841,069 | 1,823,579 |
Consumer | Personal loans | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,433 | 5,381 |
Consumer | Personal loans | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,433 | 5,381 |
Consumer | Personal loans | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Consumer | Personal loans | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Consumer | Personal loans | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Consumer | Personal loans | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Consumer | Auto Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 3,517,940 | 3,512,530 |
Consumer | Auto Loan | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 10,074 | 9,556 |
Consumer | Auto Loan | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Consumer | Auto Loan | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 10,074 | 9,556 |
Consumer | Auto Loan | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Consumer | Auto Loan | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Consumer | Auto Loan | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Consumer | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 138,773 | 147,548 |
Consumer | Other | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 263 | 263 |
Consumer | Other | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Consumer | Other | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Consumer | Other | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Consumer | Other | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Consumer | Other | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 263 | 263 |
Leasing | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,614,344 | 1,585,739 |
Leasing | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 844 | 1,020 |
Leasing | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Leasing | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 844 | 1,020 |
Leasing | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Leasing | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Leasing | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 22,806,512 | 22,546,905 |
Puerto Rico | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 365,143 | 399,047 |
Puerto Rico | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 326,548 | 357,338 |
Puerto Rico | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 10,918 | 10,576 |
Puerto Rico | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 22 | 32 |
Puerto Rico | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 8,397 | 9,853 |
Puerto Rico | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 19,258 | 21,248 |
Puerto Rico | Mortgages | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 6,116,684 | 6,110,279 |
Puerto Rico | Mortgages | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 106,168 | 128,069 |
Puerto Rico | Mortgages | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 106,168 | 128,069 |
Puerto Rico | Mortgages | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Mortgages | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Mortgages | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Mortgages | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | Commercial multi-family | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 292,806 | 281,373 |
Puerto Rico | Commercial | Commercial multi-family | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,316 | 1,329 |
Puerto Rico | Commercial | Commercial multi-family | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,316 | 1,329 |
Puerto Rico | Commercial | Commercial multi-family | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | Commercial multi-family | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | Commercial multi-family | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | Commercial multi-family | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | CRE non-owner occupied | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,885,483 | 2,757,327 |
Puerto Rico | Commercial | CRE non-owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 180,090 | 202,980 |
Puerto Rico | Commercial | CRE non-owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 180,090 | 202,980 |
Puerto Rico | Commercial | CRE non-owner occupied | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | CRE non-owner occupied | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | CRE non-owner occupied | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | CRE non-owner occupied | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | CRE owner occupied | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,497,503 | 1,588,056 |
Puerto Rico | Commercial | CRE owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 32,471 | 18,234 |
Puerto Rico | Commercial | CRE owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 32,471 | 18,234 |
Puerto Rico | Commercial | CRE owner occupied | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | CRE owner occupied | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | CRE owner occupied | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | CRE owner occupied | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | Commercial and Industrial | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 3,934,433 | 3,796,508 |
Puerto Rico | Commercial | Commercial and Industrial | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 28,484 | 32,215 |
Puerto Rico | Commercial | Commercial and Industrial | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,070 | 1,345 |
Puerto Rico | Commercial | Commercial and Industrial | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Commercial | Commercial and Industrial | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 22 | 32 |
Puerto Rico | Commercial | Commercial and Industrial | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 8,397 | 9,853 |
Puerto Rico | Commercial | Commercial and Industrial | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 18,995 | 20,985 |
Puerto Rico | Consumer | Personal loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,612,918 | 1,585,687 |
Puerto Rico | Consumer | Personal loans | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,433 | 5,381 |
Puerto Rico | Consumer | Personal loans | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,433 | 5,381 |
Puerto Rico | Consumer | Personal loans | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Consumer | Personal loans | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Consumer | Personal loans | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Consumer | Personal loans | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Consumer | Auto Loan | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 3,517,940 | 3,512,530 |
Puerto Rico | Consumer | Auto Loan | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 10,074 | 9,556 |
Puerto Rico | Consumer | Auto Loan | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Consumer | Auto Loan | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 10,074 | 9,556 |
Puerto Rico | Consumer | Auto Loan | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Consumer | Auto Loan | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Consumer | Auto Loan | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Consumer | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 130,012 | 137,580 |
Puerto Rico | Consumer | Other | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 263 | 263 |
Puerto Rico | Consumer | Other | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Consumer | Other | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Consumer | Other | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Consumer | Other | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Consumer | Other | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 263 | 263 |
Puerto Rico | Leasing | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,614,344 | 1,585,739 |
Puerto Rico | Leasing | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 844 | 1,020 |
Puerto Rico | Leasing | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Leasing | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 844 | 1,020 |
Puerto Rico | Leasing | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Leasing | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Leasing | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 9,531,861 | 9,530,864 |
Popular U.S. | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 7,944 | 7,789 |
Popular U.S. | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,870 | 7,653 |
Popular U.S. | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 74 | 136 |
Popular U.S. | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,000 | 0 |
Popular U.S. | Mortgages | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,289,223 | 1,287,192 |
Popular U.S. | Mortgages | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 775 | 1,104 |
Popular U.S. | Mortgages | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 775 | 1,104 |
Popular U.S. | Mortgages | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | Mortgages | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | Mortgages | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | Mortgages | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | Commercial | Commercial multi-family | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,043,551 | 2,040,340 |
Popular U.S. | Commercial | CRE non-owner occupied | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,765,192 | 1,742,343 |
Popular U.S. | Commercial | CRE non-owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,454 | |
Popular U.S. | Commercial | CRE non-owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,454 | |
Popular U.S. | Commercial | CRE non-owner occupied | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Commercial | CRE non-owner occupied | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Commercial | CRE non-owner occupied | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Commercial | CRE non-owner occupied | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Commercial | CRE owner occupied | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,521,084 | 1,490,493 |
Popular U.S. | Commercial | CRE owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,095 | 5,095 |
Popular U.S. | Commercial | CRE owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,095 | 5,095 |
Popular U.S. | Commercial | CRE owner occupied | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | Commercial | CRE owner occupied | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | Commercial | CRE owner occupied | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | Commercial | CRE owner occupied | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | Commercial | Commercial and Industrial | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,065,209 | 2,042,692 |
Popular U.S. | Commercial | Commercial and Industrial | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,074 | 136 |
Popular U.S. | Commercial | Commercial and Industrial | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | Commercial | Commercial and Industrial | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | Commercial | Commercial and Industrial | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 74 | 136 |
Popular U.S. | Commercial | Commercial and Industrial | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Popular U.S. | Commercial | Commercial and Industrial | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,000 | 0 |
Popular U.S. | Consumer | Personal loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 228,151 | 237,892 |
Popular U.S. | Consumer | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | $ 8,761 | $ 9,968 |
Loans - Purchased Credit Deteri
Loans - Purchased Credit Deteriorated Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Purchased Financial Assets With Credit Deterioration [Abstract] | ||
Purchase price of loans at acquisition | $ 255 | $ 2,002 |
Allowance for credit losses at acquisition | 68 | 612 |
Non-credit discount/(premium) at acquisition | 9 | 99 |
Par value of acquired loans at acquisition | $ 332 | $ 2,713 |
Loans - Additional Information
Loans - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest income recognized | $ 4,000 | $ 4,000 | |
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds | 11,244 | 145,111 | |
Loans held in portfolio, net of unearned income | 32,338,373 | $ 32,077,769 | |
Non-accrual with no allowance | 176,722 | 177,104 | |
Accumulated loans modified to borrowers under financial difficulties | 1,644,647 | ||
Trading account debt securities | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds | 10,966 | 142,702 | |
Accruing | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accumulated loans modified to borrowers under financial difficulties | 1,495,309 | ||
Collateral Pledged | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 373,087 | 406,836 | |
Non-accrual with no allowance | 176,000 | 177,000 | |
Past due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 1,244,081 | 1,294,617 | |
Past due 90 days or more | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accruing loans past-due 90 days or more | 305,883 | 351,614 | |
Loans held in portfolio, net of unearned income | 718,266 | 791,055 | |
Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 31,094,292 | 30,783,152 | |
GNMA | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Repurchased loans | 18,000 | 19,000 | |
GNMA | Trading account debt securities | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds | 1,067 | 77,894 | |
FNMA | Trading account debt securities | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds | 9,899 | 57,690 | |
FHLMC | Trading account debt securities | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds | 7,118 | ||
Consumer loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Purchase of Loans | 27,000 | 91,000 | |
Residential Mortgage | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Mortgage Loans Sold | 10,000 | 19,000 | |
Commercial Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Purchase of Loans | 45,000 | ||
Purchased credit deterioration loan | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Purchase of Loans | 3,000 | ||
Mortgages | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Purchase of Loans | 76,000 | 82,000 | |
Loans held in portfolio, net of unearned income | 7,405,907 | 7,397,471 | |
Non-accrual with no allowance | 103,543 | 119,098 | |
Accumulated loans modified to borrowers under financial difficulties | 1,256,766 | ||
Mortgages | Accruing | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accumulated loans modified to borrowers under financial difficulties | 1,169,976 | ||
Mortgages | Collateral Pledged | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 106,943 | 129,173 | |
Mortgages | Past due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 818,927 | 937,253 | |
Mortgages | Past due 90 days or more | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accruing loans past-due 90 days or more | 291,677 | 337,602 | |
Loans held in portfolio, net of unearned income | 530,471 | 600,481 | |
Mortgages | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 6,586,980 | 6,460,218 | |
Mortgages | US Government Agency Insured Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 2,000,000 | 2,000,000 | |
Mortgages | US Government Agency Insured Loans | Past due 90 days or more | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 300,000 | 300,000 | |
Mortgages | Guaranteed by U.S. sponsored entities | Accruing | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accumulated loans modified to borrowers under financial difficulties | 725,000 | ||
Mortgages | GNMA | Buy Back Option Program | Past due 90 days or more | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accruing loans past-due 90 days or more | 7,000 | 14,000 | |
Reverse Mortgages | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 40,000 | 42,000 | |
Residential mortgage loans insured By FHA | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual with no allowance | 167,000 | 190,000 | |
Commercial and construction loan | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans Sold | 2,000 | $ 1,000 | |
Puerto Rico | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 22,806,512 | 22,546,905 | |
Non-accrual with no allowance | 171,400 | 170,484 | |
Puerto Rico | Collateral Pledged | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 365,143 | 399,047 | |
Puerto Rico | Past due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 1,128,143 | 1,213,179 | |
Puerto Rico | Past due 90 days or more | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accruing loans past-due 90 days or more | 305,638 | 351,248 | |
Loans held in portfolio, net of unearned income | 684,617 | 753,257 | |
Puerto Rico | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 21,678,369 | 21,333,726 | |
Puerto Rico | Mortgages | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 6,116,684 | 6,110,279 | |
Non-accrual with no allowance | 103,316 | 119,027 | |
Puerto Rico | Mortgages | Collateral Pledged | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 106,168 | 128,069 | |
Puerto Rico | Mortgages | Past due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 780,668 | 894,800 | |
Puerto Rico | Mortgages | Past due 90 days or more | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accruing loans past-due 90 days or more | 291,677 | 337,602 | |
Loans held in portfolio, net of unearned income | 515,752 | 579,993 | |
Puerto Rico | Mortgages | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 5,336,016 | 5,215,479 | |
Puerto Rico | Reverse Mortgages | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 40,000 | 42,000 | |
Puerto Rico | Residential mortgage loans insured By FHA | Past due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual with no allowance | $ 167,000 | $ 190,000 |
Allowance for credit losses - A
Allowance for credit losses - Allowance Movement (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | $ 720,302 | $ 695,366 |
Impact of adopting ASU 2022-02 | (45,583) | |
Provision for credit losses (benefit) | 47,146 | (14,405) |
Allowance for credit losses - PCD Loans | 68 | 612 |
Charge-offs | (54,153) | (25,752) |
Recoveries | 21,340 | 21,971 |
Ending balance | 689,120 | 677,792 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 8,805 | 7,897 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 610 | (843) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 9,415 | 7,054 |
Construction | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 4,246 | 6,363 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 84 | (1,368) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 1,544 |
Ending balance | 4,330 | 6,539 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 3,206 | 4,725 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 18 | (666) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 3,224 | 4,059 |
Mortgages | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 135,254 | 154,478 |
Impact of adopting ASU 2022-02 | (35,654) | |
Provision for credit losses (benefit) | 841 | (8,896) |
Allowance for credit losses - PCD Loans | 68 | 612 |
Charge-offs | (846) | (1,321) |
Recoveries | 4,814 | 4,333 |
Ending balance | 104,477 | 149,206 |
Commercial | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 235,376 | 215,805 |
Impact of adopting ASU 2022-02 | (1,713) | |
Provision for credit losses (benefit) | 6,769 | (16,019) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (2,109) | (654) |
Recoveries | 5,656 | 5,511 |
Ending balance | 243,979 | 204,643 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 5,511 | 3,135 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 618 | (170) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 6,129 | 2,965 |
Commercial | Commercial multi-family | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 26,311 | 28,468 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (947) | (2,385) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 2 | 7 |
Ending balance | 25,366 | 26,090 |
Commercial | CRE non-owner occupied | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 71,540 | 67,457 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (1,677) | (607) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 1,987 | 187 |
Ending balance | 71,850 | 67,037 |
Commercial | CRE owner occupied | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 57,081 | 60,229 |
Impact of adopting ASU 2022-02 | (1,161) | |
Provision for credit losses (benefit) | (2,954) | (6,255) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (3) | (118) |
Recoveries | 1,534 | 3,172 |
Ending balance | 54,497 | 57,028 |
Commercial | Commercial and industrial | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 80,444 | 59,651 |
Impact of adopting ASU 2022-02 | (552) | |
Provision for credit losses (benefit) | 12,347 | (6,772) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (2,106) | (536) |
Recoveries | 2,133 | 2,145 |
Ending balance | 92,266 | 54,488 |
Leasing | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 20,618 | 17,578 |
Impact of adopting ASU 2022-02 | (35) | |
Provision for credit losses (benefit) | 734 | 386 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (1,417) | (407) |
Recoveries | 1,090 | 841 |
Ending balance | 20,990 | 18,398 |
Consumer | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 324,808 | 301,142 |
Impact of adopting ASU 2022-02 | (8,181) | |
Provision for credit losses (benefit) | 38,718 | 11,492 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (49,781) | (23,370) |
Recoveries | 9,780 | 9,742 |
Ending balance | 315,344 | 299,006 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 88 | 37 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (26) | (7) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 62 | 30 |
Consumer | Credit card | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 58,670 | 43,499 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 15,571 | 3,692 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (8,677) | (5,683) |
Recoveries | 2,389 | 2,274 |
Ending balance | 67,953 | 43,782 |
Consumer | HELOC | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 2,542 | 3,806 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (751) | (1,008) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (176) | (100) |
Recoveries | 338 | 1,013 |
Ending balance | 1,953 | 3,711 |
Consumer | Personal loans | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 118,426 | 83,722 |
Impact of adopting ASU 2022-02 | (8,160) | |
Provision for credit losses (benefit) | 15,295 | 6,229 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (17,750) | (8,076) |
Recoveries | 1,918 | 2,090 |
Ending balance | 109,729 | 83,965 |
Consumer | Auto Loan | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 129,735 | 154,498 |
Impact of adopting ASU 2022-02 | (21) | |
Provision for credit losses (benefit) | 8,319 | 2,693 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (12,118) | (8,878) |
Recoveries | 4,914 | 4,017 |
Ending balance | 130,829 | 152,330 |
Consumer | Other | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 15,435 | 15,617 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 284 | (114) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (11,060) | (633) |
Recoveries | 221 | 348 |
Ending balance | 4,880 | 15,218 |
Puerto Rico | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 615,545 | 594,162 |
Impact of adopting ASU 2022-02 | (42,345) | |
Provision for credit losses (benefit) | 45,203 | (12,661) |
Allowance for credit losses - PCD Loans | 68 | 612 |
Charge-offs | (49,287) | (24,320) |
Recoveries | 17,823 | 18,818 |
Ending balance | 587,007 | 576,611 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 6,358 | 4,139 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 488 | (568) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 6,846 | 3,571 |
Puerto Rico | Construction | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 2,978 | 1,641 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 94 | 357 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 416 |
Ending balance | 3,072 | 2,414 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 2,022 | 2,388 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (76) | (464) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 1,946 | 1,924 |
Puerto Rico | Mortgages | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 117,344 | 138,286 |
Impact of adopting ASU 2022-02 | (33,556) | |
Provision for credit losses (benefit) | 1,267 | (10,528) |
Allowance for credit losses - PCD Loans | 68 | 612 |
Charge-offs | (846) | (1,321) |
Recoveries | 4,800 | 4,313 |
Ending balance | 89,077 | 131,362 |
Puerto Rico | Commercial | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 174,295 | 151,928 |
Impact of adopting ASU 2022-02 | (1,713) | |
Provision for credit losses (benefit) | 7,919 | (10,687) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (1,610) | (527) |
Recoveries | 2,810 | 4,757 |
Ending balance | 181,701 | 145,471 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 4,336 | 1,751 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 564 | (104) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 4,900 | 1,647 |
Puerto Rico | Commercial | Commercial multi-family | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 5,210 | 3,050 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (454) | 385 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Ending balance | 4,756 | 3,435 |
Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 52,475 | 45,211 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 1,284 | 6,244 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 135 | 184 |
Ending balance | 53,894 | 51,639 |
Puerto Rico | Commercial | CRE owner occupied | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 48,393 | 54,176 |
Impact of adopting ASU 2022-02 | (1,161) | |
Provision for credit losses (benefit) | (2,730) | (10,091) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (3) | (118) |
Recoveries | 1,510 | 3,060 |
Ending balance | 46,009 | 47,027 |
Puerto Rico | Commercial | Commercial and industrial | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 68,217 | 49,491 |
Impact of adopting ASU 2022-02 | (552) | |
Provision for credit losses (benefit) | 9,819 | (7,225) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (1,607) | (409) |
Recoveries | 1,165 | 1,513 |
Ending balance | 77,042 | 43,370 |
Puerto Rico | Leasing | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 20,618 | 17,578 |
Impact of adopting ASU 2022-02 | (35) | |
Provision for credit losses (benefit) | 734 | 386 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (1,417) | (407) |
Recoveries | 1,090 | 841 |
Ending balance | 20,990 | 18,398 |
Puerto Rico | Consumer | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 300,310 | 284,729 |
Impact of adopting ASU 2022-02 | (7,041) | |
Provision for credit losses (benefit) | 35,189 | 7,811 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (45,414) | (22,065) |
Recoveries | 9,123 | 8,491 |
Ending balance | 292,167 | 278,966 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 0 | 0 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 0 | 0 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 0 | 0 |
Puerto Rico | Consumer | Credit card | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 58,670 | 43,499 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 15,570 | 3,701 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (8,676) | (5,683) |
Recoveries | 2,389 | 2,265 |
Ending balance | 67,953 | 43,782 |
Puerto Rico | Consumer | HELOC | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 103 | 98 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (39) | (16) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (33) | (90) |
Recoveries | 69 | 94 |
Ending balance | 100 | 86 |
Puerto Rico | Consumer | Personal loans | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 96,369 | 71,022 |
Impact of adopting ASU 2022-02 | (7,020) | |
Provision for credit losses (benefit) | 11,104 | 1,613 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (13,580) | (6,858) |
Recoveries | 1,535 | 1,777 |
Ending balance | 88,408 | 67,554 |
Puerto Rico | Consumer | Auto Loan | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 129,735 | 154,498 |
Impact of adopting ASU 2022-02 | (21) | |
Provision for credit losses (benefit) | 8,319 | 2,693 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (12,118) | (8,878) |
Recoveries | 4,914 | 4,017 |
Ending balance | 130,829 | 152,330 |
Puerto Rico | Consumer | Other | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 15,433 | 15,612 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 235 | (180) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (11,007) | (556) |
Recoveries | 216 | 338 |
Ending balance | 4,877 | 15,214 |
Popular U.S. | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 104,757 | 101,204 |
Impact of adopting ASU 2022-02 | (3,238) | |
Provision for credit losses (benefit) | 1,943 | (1,744) |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | (4,866) | (1,432) |
Recoveries | 3,517 | 3,153 |
Ending balance | 102,113 | 101,181 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 2,447 | 3,758 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 122 | (275) |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 2,569 | 3,483 |
Popular U.S. | Construction | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 1,268 | 4,722 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (10) | (1,725) |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | 0 | 0 |
Recoveries | 0 | 1,128 |
Ending balance | 1,258 | 4,125 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 1,184 | 2,337 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 94 | (202) |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 1,278 | 2,135 |
Popular U.S. | Mortgages | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 17,910 | 16,192 |
Impact of adopting ASU 2022-02 | (2,098) | |
Provision for credit losses (benefit) | (426) | 1,632 |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | 0 | 0 |
Recoveries | 14 | 20 |
Ending balance | 15,400 | 17,844 |
Popular U.S. | Commercial | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 61,081 | 63,877 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (1,150) | (5,332) |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | (499) | (127) |
Recoveries | 2,846 | 754 |
Ending balance | 62,278 | 59,172 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 1,175 | 1,384 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 54 | (66) |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 1,229 | 1,318 |
Popular U.S. | Commercial | Commercial multi-family | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 21,101 | 25,418 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (493) | (2,770) |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | 0 | 0 |
Recoveries | 2 | 7 |
Ending balance | 20,610 | 22,655 |
Popular U.S. | Commercial | CRE non-owner occupied | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 19,065 | 22,246 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (2,961) | (6,851) |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | 0 | 0 |
Recoveries | 1,852 | 3 |
Ending balance | 17,956 | 15,398 |
Popular U.S. | Commercial | CRE owner occupied | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 8,688 | 6,053 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (224) | 3,836 |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | 0 | 0 |
Recoveries | 24 | 112 |
Ending balance | 8,488 | 10,001 |
Popular U.S. | Commercial | Commercial and industrial | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 12,227 | 10,160 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 2,528 | 453 |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | (499) | (127) |
Recoveries | 968 | 632 |
Ending balance | 15,224 | 11,118 |
Popular U.S. | Leasing | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 0 | 0 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 0 | 0 |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Ending balance | 0 | 0 |
Popular U.S. | Consumer | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 24,498 | 16,413 |
Impact of adopting ASU 2022-02 | (1,140) | |
Provision for credit losses (benefit) | 3,529 | 3,681 |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | (4,367) | (1,305) |
Recoveries | 657 | 1,251 |
Ending balance | 23,177 | 20,040 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 88 | 37 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (26) | (7) |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 62 | 30 |
Popular U.S. | Consumer | Credit card | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 0 | 0 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 1 | (9) |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | (1) | 0 |
Recoveries | 0 | 9 |
Ending balance | 0 | 0 |
Popular U.S. | Consumer | HELOC | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 2,439 | 3,708 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | (712) | (992) |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | (143) | (10) |
Recoveries | 269 | 919 |
Ending balance | 1,853 | 3,625 |
Popular U.S. | Consumer | Personal loans | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 22,057 | 12,700 |
Impact of adopting ASU 2022-02 | (1,140) | |
Provision for credit losses (benefit) | 4,191 | 4,616 |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | (4,170) | (1,218) |
Recoveries | 383 | 313 |
Ending balance | 21,321 | 16,411 |
Popular U.S. | Consumer | Auto Loan | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 0 | 0 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 0 | 0 |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Ending balance | 0 | 0 |
Popular U.S. | Consumer | Other | ||
Financing Receivable, Allowance for Credit Losses | ||
Beginning balance | 2 | 5 |
Impact of adopting ASU 2022-02 | 0 | |
Provision for credit losses (benefit) | 49 | 66 |
Allowance for credit losses - PCD Loans | 0 | |
Charge-offs | (53) | (77) |
Recoveries | 5 | 10 |
Ending balance | $ 3 | $ 4 |
Allowance for credit losses -_3
Allowance for credit losses - Amortized cost basis of the loans modified to borrowers experiencing financial difficulties (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Financing Receivable | ||
Amortized Cost Basis | $ 89,903 | |
Mortgages | ||
Financing Receivable | ||
Amortized Cost Basis | 35,592 | |
Commercial | CRE non-owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | 3,400 | |
Commercial | CRE owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | 727 | |
Consumer | Credit card | ||
Financing Receivable | ||
Amortized Cost Basis | 273 | |
Consumer | Personal loans | ||
Financing Receivable | ||
Amortized Cost Basis | 728 | |
Consumer | Auto Loan | ||
Financing Receivable | ||
Amortized Cost Basis | 28 | |
Consumer | Other | ||
Financing Receivable | ||
Amortized Cost Basis | 0 | |
Leasing | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
Interest Rate Reduction | ||
Financing Receivable | ||
Amortized Cost Basis | $ 899 | |
% of total class of Financing Receivables | 0% | |
Interest Rate Reduction | Mortgages | ||
Financing Receivable | ||
Amortized Cost Basis | $ 227 | |
% of total class of Financing Receivables | 0% | |
Interest Rate Reduction | Consumer | Credit card | ||
Financing Receivable | ||
Amortized Cost Basis | $ 497 | |
% of total class of Financing Receivables | 0.05% | |
Interest Rate Reduction | Consumer | Personal loans | ||
Financing Receivable | ||
Amortized Cost Basis | $ 172 | |
% of total class of Financing Receivables | 0.01% | |
Interest Rate Reduction | Consumer | Other | ||
Financing Receivable | ||
Amortized Cost Basis | $ 3 | |
% of total class of Financing Receivables | 0% | |
Term Extension | ||
Financing Receivable | ||
Amortized Cost Basis | $ 25,431 | |
% of total class of Financing Receivables | 0.08% | |
Term Extension | Construction | ||
Financing Receivable | ||
Amortized Cost Basis | $ 3,518 | |
% of total class of Financing Receivables | 0.50% | |
Term Extension | Mortgages | ||
Financing Receivable | ||
Amortized Cost Basis | $ 16,374 | |
% of total class of Financing Receivables | 0.22% | |
Term Extension | Commercial | CRE owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | $ 1,754 | |
% of total class of Financing Receivables | 0.06% | |
Term Extension | Commercial | Commercial and industrial | ||
Financing Receivable | ||
Amortized Cost Basis | $ 3,705 | |
% of total class of Financing Receivables | 0.06% | |
Term Extension | Consumer | Personal loans | ||
Financing Receivable | ||
Amortized Cost Basis | $ 80 | |
% of total class of Financing Receivables | 0% | |
Combination - Term Extension and Interest Rate Reduction | ||
Financing Receivable | ||
Amortized Cost Basis | $ 11,353 | |
% of total class of Financing Receivables | 0.04% | |
Combination - Term Extension and Interest Rate Reduction | Mortgages | ||
Financing Receivable | ||
Amortized Cost Basis | $ 10,801 | |
% of total class of Financing Receivables | 0.15% | |
Combination - Term Extension and Interest Rate Reduction | Commercial | CRE owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | $ 101 | |
% of total class of Financing Receivables | 0% | |
Combination - Term Extension and Interest Rate Reduction | Consumer | Personal loans | ||
Financing Receivable | ||
Amortized Cost Basis | $ 422 | |
% of total class of Financing Receivables | 0.02% | |
Combination - Term Extension and Interest Rate Reduction | Consumer | Auto Loan | ||
Financing Receivable | ||
Amortized Cost Basis | $ 29 | |
% of total class of Financing Receivables | 0% | |
Other-Than-Insignificant Payment Delays | ||
Financing Receivable | ||
Amortized Cost Basis | $ 30,959 | |
% of total class of Financing Receivables | 0.10% | |
Other-Than-Insignificant Payment Delays | Commercial | CRE non-owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | $ 1,751 | |
% of total class of Financing Receivables | 0.04% | |
Other-Than-Insignificant Payment Delays | Commercial | CRE owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | $ 26,900 | |
% of total class of Financing Receivables | 0.89% | |
Other-Than-Insignificant Payment Delays | Commercial | Commercial and industrial | ||
Financing Receivable | ||
Amortized Cost Basis | $ 2,275 | |
% of total class of Financing Receivables | 0.04% | |
Other-Than-Insignificant Payment Delays | Consumer | Other | ||
Financing Receivable | ||
Amortized Cost Basis | $ 33 | |
% of total class of Financing Receivables | 0.02% | |
Puerto Rico | Interest Rate Reduction | ||
Financing Receivable | ||
Amortized Cost Basis | $ 899 | |
% of total class of Financing Receivables | 0% | |
Puerto Rico | Interest Rate Reduction | Mortgages | ||
Financing Receivable | ||
Amortized Cost Basis | $ 227 | |
% of total class of Financing Receivables | 0% | |
Puerto Rico | Interest Rate Reduction | Consumer | Credit card | ||
Financing Receivable | ||
Amortized Cost Basis | $ 497 | |
% of total class of Financing Receivables | 0.05% | |
Puerto Rico | Interest Rate Reduction | Consumer | Personal loans | ||
Financing Receivable | ||
Amortized Cost Basis | $ 172 | |
% of total class of Financing Receivables | 0.01% | |
Puerto Rico | Interest Rate Reduction | Consumer | Other | ||
Financing Receivable | ||
Amortized Cost Basis | $ 3 | |
% of total class of Financing Receivables | 0% | |
Puerto Rico | Term Extension | ||
Financing Receivable | ||
Amortized Cost Basis | $ 20,006 | |
% of total class of Financing Receivables | 0.09% | |
Puerto Rico | Term Extension | Construction | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Puerto Rico | Term Extension | Mortgages | ||
Financing Receivable | ||
Amortized Cost Basis | $ 14,521 | |
% of total class of Financing Receivables | 0.24% | |
Puerto Rico | Term Extension | Commercial | CRE owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | $ 1,754 | |
% of total class of Financing Receivables | 0.12% | |
Puerto Rico | Term Extension | Commercial | Commercial and industrial | ||
Financing Receivable | ||
Amortized Cost Basis | $ 3,705 | |
% of total class of Financing Receivables | 0.09% | |
Puerto Rico | Term Extension | Consumer | Personal loans | ||
Financing Receivable | ||
Amortized Cost Basis | $ 26 | |
% of total class of Financing Receivables | 0% | |
Puerto Rico | Combination - Term Extension and Interest Rate Reduction | ||
Financing Receivable | ||
Amortized Cost Basis | $ 11,025 | |
% of total class of Financing Receivables | 0.05% | |
Puerto Rico | Combination - Term Extension and Interest Rate Reduction | Mortgages | ||
Financing Receivable | ||
Amortized Cost Basis | $ 10,473 | |
% of total class of Financing Receivables | 0.17% | |
Puerto Rico | Combination - Term Extension and Interest Rate Reduction | Commercial | CRE owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | $ 101 | |
% of total class of Financing Receivables | 0.01% | |
Puerto Rico | Combination - Term Extension and Interest Rate Reduction | Consumer | Personal loans | ||
Financing Receivable | ||
Amortized Cost Basis | $ 422 | |
% of total class of Financing Receivables | 0.03% | |
Puerto Rico | Combination - Term Extension and Interest Rate Reduction | Consumer | Auto Loan | ||
Financing Receivable | ||
Amortized Cost Basis | $ 29 | |
% of total class of Financing Receivables | 0% | |
Puerto Rico | Other-Than-Insignificant Payment Delays | ||
Financing Receivable | ||
Amortized Cost Basis | $ 16,351 | |
% of total class of Financing Receivables | 0.07% | |
Puerto Rico | Other-Than-Insignificant Payment Delays | Commercial | CRE non-owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | $ 1,751 | |
% of total class of Financing Receivables | 0.06% | |
Puerto Rico | Other-Than-Insignificant Payment Delays | Commercial | CRE owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | $ 13,156 | |
% of total class of Financing Receivables | 0.88% | |
Puerto Rico | Other-Than-Insignificant Payment Delays | Commercial | Commercial and industrial | ||
Financing Receivable | ||
Amortized Cost Basis | $ 1,411 | |
% of total class of Financing Receivables | 0.04% | |
Puerto Rico | Other-Than-Insignificant Payment Delays | Consumer | Other | ||
Financing Receivable | ||
Amortized Cost Basis | $ 33 | |
% of total class of Financing Receivables | 0.03% | |
Popular U.S. | Interest Rate Reduction | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Popular U.S. | Interest Rate Reduction | Mortgages | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Popular U.S. | Interest Rate Reduction | Consumer | Credit card | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Popular U.S. | Interest Rate Reduction | Consumer | Personal loans | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Popular U.S. | Interest Rate Reduction | Consumer | Other | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Popular U.S. | Term Extension | ||
Financing Receivable | ||
Amortized Cost Basis | $ 5,425 | |
% of total class of Financing Receivables | 0.06% | |
Popular U.S. | Term Extension | Construction | ||
Financing Receivable | ||
Amortized Cost Basis | $ 3,518 | |
% of total class of Financing Receivables | 0.65% | |
Popular U.S. | Term Extension | Mortgages | ||
Financing Receivable | ||
Amortized Cost Basis | $ 1,853 | |
% of total class of Financing Receivables | 0.14% | |
Popular U.S. | Term Extension | Commercial | CRE owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Popular U.S. | Term Extension | Commercial | Commercial and industrial | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Popular U.S. | Term Extension | Consumer | Personal loans | ||
Financing Receivable | ||
Amortized Cost Basis | $ 54 | |
% of total class of Financing Receivables | 0.02% | |
Popular U.S. | Combination - Term Extension and Interest Rate Reduction | ||
Financing Receivable | ||
Amortized Cost Basis | $ 328 | |
% of total class of Financing Receivables | 0% | |
Popular U.S. | Combination - Term Extension and Interest Rate Reduction | Mortgages | ||
Financing Receivable | ||
Amortized Cost Basis | $ 328 | |
% of total class of Financing Receivables | 0.03% | |
Popular U.S. | Combination - Term Extension and Interest Rate Reduction | Commercial | CRE owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Popular U.S. | Combination - Term Extension and Interest Rate Reduction | Consumer | Personal loans | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Popular U.S. | Combination - Term Extension and Interest Rate Reduction | Consumer | Auto Loan | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Popular U.S. | Other-Than-Insignificant Payment Delays | ||
Financing Receivable | ||
Amortized Cost Basis | $ 14,608 | |
% of total class of Financing Receivables | 0.15% | |
Popular U.S. | Other-Than-Insignificant Payment Delays | Commercial | CRE non-owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Popular U.S. | Other-Than-Insignificant Payment Delays | Commercial | CRE owner occupied | ||
Financing Receivable | ||
Amortized Cost Basis | $ 13,744 | |
% of total class of Financing Receivables | 0.90% | |
Popular U.S. | Other-Than-Insignificant Payment Delays | Commercial | Commercial and industrial | ||
Financing Receivable | ||
Amortized Cost Basis | $ 864 | |
% of total class of Financing Receivables | 0.04% | |
Popular U.S. | Other-Than-Insignificant Payment Delays | Consumer | Other | ||
Financing Receivable | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% |
Allowance for credit losses - F
Allowance for credit losses - Financial effect of the modifications made to borrowers experiencing financial difficultie (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Financing Receivable | ||
Reduced the amortized cost basis | $ 3,190 | |
Mortgages | ||
Financing Receivable | ||
Reduced the amortized cost basis | 1,020 | |
Commercial | CRE non-owner occupied | ||
Financing Receivable | ||
Reduced the amortized cost basis | 0 | |
Commercial | CRE owner occupied | ||
Financing Receivable | ||
Reduced the amortized cost basis | 0 | |
Consumer | Credit card | ||
Financing Receivable | ||
Reduced the amortized cost basis | 5 | |
Consumer | Personal loans | ||
Financing Receivable | ||
Reduced the amortized cost basis | 130 | |
Consumer | Auto Loan | ||
Financing Receivable | ||
Reduced the amortized cost basis | 5 | |
Consumer | Other | ||
Financing Receivable | ||
Reduced the amortized cost basis | 0 | |
Leasing | ||
Financing Receivable | ||
Reduced the amortized cost basis | $ 0 | |
Interest Rate Reduction | Mortgages | ||
Financing Receivable | ||
Weighted average contractual interest rate before modification | 5.69% | |
Weighted average contractual interest rate after modification | 4.17% | |
Interest Rate Reduction | Commercial | CRE owner occupied | ||
Financing Receivable | ||
Weighted average contractual interest rate before modification | 6% | |
Weighted average contractual interest rate after modification | 5.25% | |
Interest Rate Reduction | Consumer | Credit card | ||
Financing Receivable | ||
Weighted average contractual interest rate before modification | 17.76% | |
Weighted average contractual interest rate after modification | 4.47% | |
Interest Rate Reduction | Consumer | Personal loans | ||
Financing Receivable | ||
Weighted average contractual interest rate before modification | 16.97% | |
Weighted average contractual interest rate after modification | 9.11% | |
Interest Rate Reduction | Consumer | Auto Loan | ||
Financing Receivable | ||
Weighted average contractual interest rate before modification | 12.64% | |
Weighted average contractual interest rate after modification | 12.62% | |
Interest Rate Reduction | Consumer | Other | ||
Financing Receivable | ||
Weighted average contractual interest rate before modification | 17.99% | |
Weighted average contractual interest rate after modification | 0% | |
Term Extension | Construction | ||
Financing Receivable | ||
Weighted average term increase | 6 months | |
Term Extension | Mortgages | ||
Financing Receivable | ||
Weighted average term increase | 10 years | |
Term Extension | Commercial | CRE owner occupied | ||
Financing Receivable | ||
Weighted average term increase | 2 years | |
Term Extension | Commercial | Commercial and industrial | ||
Financing Receivable | ||
Weighted average term increase | 5 months | |
Term Extension | Consumer | Personal loans | ||
Financing Receivable | ||
Weighted average term increase | 6 years | |
Term Extension | Consumer | Auto Loan | ||
Financing Receivable | ||
Weighted average term increase | 2 years | |
Other-Than-Insignificant Payment Delays | Commercial | CRE non-owner occupied | ||
Financing Receivable | ||
Weighted average term increase | 12 months | |
Other-Than-Insignificant Payment Delays | Commercial | CRE owner occupied | ||
Financing Receivable | ||
Weighted average term increase | 7 months | |
Other-Than-Insignificant Payment Delays | Commercial | Commercial and industrial | ||
Financing Receivable | ||
Weighted average term increase | 9 months | |
Other-Than-Insignificant Payment Delays | Consumer | Other | ||
Financing Receivable | ||
Weighted average term increase | 11 months |
Allowance for credit losses - P
Allowance for credit losses - Performance of loans modified (Details) $ in Thousands | Mar. 31, 2023 USD ($) |
Financing Receivable | |
Loan performance in the last 12 months after modification | $ 68,642 |
Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 11,437 |
Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 1,229 |
Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 226 |
Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 9,982 |
Payment default | 333 |
Financing Receivable Modified Past 12 Months Without Payment Default | 9,649 |
Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 57,205 |
Construction | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 3,518 |
Construction | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Construction | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Construction | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Construction | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 0 |
Construction | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 3,518 |
Mortgages | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 27,402 |
Mortgages | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 9,004 |
Mortgages | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 1,202 |
Mortgages | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 180 |
Mortgages | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 7,622 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 7,622 |
Mortgages | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 18,398 |
Commercial | CRE non-owner occupied | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 1,751 |
Commercial | CRE non-owner occupied | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Commercial | CRE non-owner occupied | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Commercial | CRE non-owner occupied | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Commercial | CRE non-owner occupied | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 0 |
Commercial | CRE non-owner occupied | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 1,751 |
Commercial | CRE owner occupied | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 28,755 |
Commercial | CRE owner occupied | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 1,803 |
Commercial | CRE owner occupied | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Commercial | CRE owner occupied | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Commercial | CRE owner occupied | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 1,803 |
Payment default | 209 |
Financing Receivable Modified Past 12 Months Without Payment Default | 1,594 |
Commercial | CRE owner occupied | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 26,952 |
Commercial | Commercial and Industrial | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 5,980 |
Commercial | Commercial and Industrial | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 142 |
Commercial | Commercial and Industrial | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Commercial | Commercial and Industrial | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Commercial | Commercial and Industrial | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 142 |
Payment default | 28 |
Financing Receivable Modified Past 12 Months Without Payment Default | 114 |
Commercial | Commercial and Industrial | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 5,838 |
Consumer | Credit card | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 497 |
Consumer | Credit card | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 163 |
Consumer | Credit card | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 21 |
Consumer | Credit card | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 46 |
Consumer | Credit card | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 96 |
Payment default | 96 |
Financing Receivable Modified Past 12 Months Without Payment Default | 0 |
Consumer | Credit card | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 334 |
Consumer | Personal loans | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 674 |
Consumer | Personal loans | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 292 |
Consumer | Personal loans | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 6 |
Consumer | Personal loans | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Consumer | Personal loans | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 286 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 286 |
Consumer | Personal loans | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 382 |
Consumer | Auto Loan | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 29 |
Consumer | Auto Loan | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Consumer | Auto Loan | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Consumer | Auto Loan | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Consumer | Auto Loan | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 0 |
Consumer | Auto Loan | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 29 |
Consumer | Other | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 36 |
Consumer | Other | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 33 |
Consumer | Other | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Consumer | Other | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Consumer | Other | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 33 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 33 |
Consumer | Other | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 3 |
Puerto Rico | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 48,281 |
Puerto Rico | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 11,279 |
Puerto Rico | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 1,229 |
Puerto Rico | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 226 |
Puerto Rico | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 9,824 |
Payment default | 333 |
Financing Receivable Modified Past 12 Months Without Payment Default | 9,491 |
Puerto Rico | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 37,002 |
Puerto Rico | Mortgages | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 25,221 |
Puerto Rico | Mortgages | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 8,900 |
Puerto Rico | Mortgages | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 1,202 |
Puerto Rico | Mortgages | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 180 |
Puerto Rico | Mortgages | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 7,518 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 7,518 |
Puerto Rico | Mortgages | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 16,321 |
Puerto Rico | Commercial | CRE non-owner occupied | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 1,751 |
Puerto Rico | Commercial | CRE non-owner occupied | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Commercial | CRE non-owner occupied | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Commercial | CRE non-owner occupied | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Commercial | CRE non-owner occupied | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 0 |
Puerto Rico | Commercial | CRE non-owner occupied | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 1,751 |
Puerto Rico | Commercial | CRE owner occupied | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 15,011 |
Puerto Rico | Commercial | CRE owner occupied | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 1,803 |
Puerto Rico | Commercial | CRE owner occupied | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Commercial | CRE owner occupied | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Commercial | CRE owner occupied | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 1,803 |
Payment default | 209 |
Financing Receivable Modified Past 12 Months Without Payment Default | 1,594 |
Puerto Rico | Commercial | CRE owner occupied | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 13,208 |
Puerto Rico | Commercial | Commercial and Industrial | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 5,116 |
Puerto Rico | Commercial | Commercial and Industrial | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 142 |
Puerto Rico | Commercial | Commercial and Industrial | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Commercial | Commercial and Industrial | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Commercial | Commercial and Industrial | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 142 |
Payment default | 28 |
Financing Receivable Modified Past 12 Months Without Payment Default | 114 |
Puerto Rico | Commercial | Commercial and Industrial | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 4,974 |
Puerto Rico | Consumer | Credit card | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 497 |
Puerto Rico | Consumer | Credit card | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 163 |
Puerto Rico | Consumer | Credit card | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 21 |
Puerto Rico | Consumer | Credit card | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 46 |
Puerto Rico | Consumer | Credit card | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 96 |
Payment default | 96 |
Financing Receivable Modified Past 12 Months Without Payment Default | 0 |
Puerto Rico | Consumer | Credit card | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 334 |
Puerto Rico | Consumer | Personal loans | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 620 |
Puerto Rico | Consumer | Personal loans | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 238 |
Puerto Rico | Consumer | Personal loans | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 6 |
Puerto Rico | Consumer | Personal loans | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Consumer | Personal loans | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 232 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 232 |
Puerto Rico | Consumer | Personal loans | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 382 |
Puerto Rico | Consumer | Auto Loan | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 29 |
Puerto Rico | Consumer | Auto Loan | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Consumer | Auto Loan | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Consumer | Auto Loan | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Consumer | Auto Loan | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 0 |
Puerto Rico | Consumer | Auto Loan | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 29 |
Puerto Rico | Consumer | Other | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 36 |
Puerto Rico | Consumer | Other | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 33 |
Puerto Rico | Consumer | Other | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Consumer | Other | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Consumer | Other | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 33 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 33 |
Puerto Rico | Consumer | Other | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 3 |
Popular U.S. | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 20,361 |
Popular U.S. | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 158 |
Popular U.S. | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 158 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 158 |
Popular U.S. | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 20,203 |
Popular U.S. | Construction | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 3,518 |
Popular U.S. | Construction | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Construction | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Construction | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Construction | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 0 |
Popular U.S. | Construction | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 3,518 |
Popular U.S. | Mortgages | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 2,181 |
Popular U.S. | Mortgages | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 104 |
Popular U.S. | Mortgages | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Mortgages | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Mortgages | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 104 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 104 |
Popular U.S. | Mortgages | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 2,077 |
Popular U.S. | Commercial | CRE owner occupied | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 13,744 |
Popular U.S. | Commercial | CRE owner occupied | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Commercial | CRE owner occupied | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Commercial | CRE owner occupied | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Commercial | CRE owner occupied | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 0 |
Popular U.S. | Commercial | CRE owner occupied | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 13,744 |
Popular U.S. | Commercial | Commercial and Industrial | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 864 |
Popular U.S. | Commercial | Commercial and Industrial | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Commercial | Commercial and Industrial | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Commercial | Commercial and Industrial | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Commercial | Commercial and Industrial | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 0 |
Popular U.S. | Commercial | Commercial and Industrial | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 864 |
Popular U.S. | Consumer | Personal loans | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 54 |
Popular U.S. | Consumer | Personal loans | Past due | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 54 |
Popular U.S. | Consumer | Personal loans | Past Due 30 To 59 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Consumer | Personal loans | Past Due 60 To 89 Days | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Consumer | Personal loans | Past due 90 days or more | |
Financing Receivable | |
Loan performance in the last 12 months after modification | 54 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 54 |
Popular U.S. | Consumer | Personal loans | Current | |
Financing Receivable | |
Loan performance in the last 12 months after modification | $ 0 |
Allowance for credit losses - T
Allowance for credit losses - Troubled debt restructuring according to their accruing status (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | $ 1,644,647 |
Accruing | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 1,495,309 |
Non-Accruing | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 149,338 |
Mortgages | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 1,256,766 |
Mortgages | Accruing | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 1,169,976 |
Mortgages | Non-Accruing | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 86,790 |
Commercial | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 324,425 |
Commercial | Accruing | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 269,784 |
Commercial | Non-Accruing | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 54,641 |
Leasing | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 1,178 |
Leasing | Accruing | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 1,154 |
Leasing | Non-Accruing | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 24 |
Consumer | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 62,278 |
Consumer | Accruing | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 54,395 |
Consumer | Non-Accruing | |
Financing Receivable, Modifications [Line Items] | |
Accumulated loans modified to borrowers under financial difficulties | 7,883 |
TDR | |
Financing Receivable, Modifications [Line Items] | |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 90,890 |
TDR | Mortgages | |
Financing Receivable, Modifications [Line Items] | |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 58,819 |
TDR | Commercial | |
Financing Receivable, Modifications [Line Items] | |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 18,451 |
TDR | Leasing | |
Financing Receivable, Modifications [Line Items] | |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 43 |
TDR | Consumer | |
Financing Receivable, Modifications [Line Items] | |
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | $ 13,577 |
Allowance for credit losses -_4
Allowance for credit losses - Troubled debt restructuring according to their accruing status - Subnote (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
Financing Receivable | |
Financing Receivable Modifications Recorded Investment | $ 1,644,647 |
Accruing | |
Financing Receivable | |
Financing Receivable Modifications Recorded Investment | 1,495,309 |
Mortgages | |
Financing Receivable | |
Financing Receivable Modifications Recorded Investment | 1,256,766 |
Mortgages | Accruing | |
Financing Receivable | |
Financing Receivable Modifications Recorded Investment | 1,169,976 |
Mortgages | Guaranteed by U.S. sponsored entities | Accruing | |
Financing Receivable | |
Financing Receivable Modifications Recorded Investment | $ 725,000 |
Allowance for credit losses -_5
Allowance for credit losses - Troubled debt restructurings loan count by type of modification (Details) | 3 Months Ended |
Mar. 31, 2022 loans | |
Financing Receivable | |
Loan count | 420 |
Reduction in interest rate | |
Financing Receivable | |
Loan count | 43 |
Term Extension | |
Financing Receivable | |
Loan count | 61 |
Combination of reduction in interest rate and extension of maturity date | |
Financing Receivable | |
Loan count | 288 |
Other | |
Financing Receivable | |
Loan count | 28 |
Mortgages | |
Financing Receivable | |
Loan count | 324 |
Mortgages | Reduction in interest rate | |
Financing Receivable | |
Loan count | 1 |
Mortgages | Term Extension | |
Financing Receivable | |
Loan count | 34 |
Mortgages | Combination of reduction in interest rate and extension of maturity date | |
Financing Receivable | |
Loan count | 288 |
Mortgages | Other | |
Financing Receivable | |
Loan count | 1 |
Commercial | CRE non-owner occupied | |
Financing Receivable | |
Loan count | 1 |
Commercial | CRE non-owner occupied | Reduction in interest rate | |
Financing Receivable | |
Loan count | 0 |
Commercial | CRE non-owner occupied | Term Extension | |
Financing Receivable | |
Loan count | 0 |
Commercial | CRE non-owner occupied | Combination of reduction in interest rate and extension of maturity date | |
Financing Receivable | |
Loan count | 0 |
Commercial | CRE non-owner occupied | Other | |
Financing Receivable | |
Loan count | 1 |
Commercial | CRE owner occupied | |
Financing Receivable | |
Loan count | 2 |
Commercial | CRE owner occupied | Reduction in interest rate | |
Financing Receivable | |
Loan count | 1 |
Commercial | CRE owner occupied | Term Extension | |
Financing Receivable | |
Loan count | 1 |
Commercial | CRE owner occupied | Combination of reduction in interest rate and extension of maturity date | |
Financing Receivable | |
Loan count | 0 |
Commercial | CRE owner occupied | Other | |
Financing Receivable | |
Loan count | 0 |
Commercial | Commercial and Industrial | |
Financing Receivable | |
Loan count | 17 |
Commercial | Commercial and Industrial | Reduction in interest rate | |
Financing Receivable | |
Loan count | 1 |
Commercial | Commercial and Industrial | Term Extension | |
Financing Receivable | |
Loan count | 5 |
Commercial | Commercial and Industrial | Combination of reduction in interest rate and extension of maturity date | |
Financing Receivable | |
Loan count | 0 |
Commercial | Commercial and Industrial | Other | |
Financing Receivable | |
Loan count | 11 |
Consumer | Credit card | |
Financing Receivable | |
Loan count | 30 |
Consumer | Credit card | Reduction in interest rate | |
Financing Receivable | |
Loan count | 15 |
Consumer | Credit card | Term Extension | |
Financing Receivable | |
Loan count | 0 |
Consumer | Credit card | Combination of reduction in interest rate and extension of maturity date | |
Financing Receivable | |
Loan count | 0 |
Consumer | Credit card | Other | |
Financing Receivable | |
Loan count | 15 |
Consumer | Personal loans | |
Financing Receivable | |
Loan count | 45 |
Consumer | Personal loans | Reduction in interest rate | |
Financing Receivable | |
Loan count | 25 |
Consumer | Personal loans | Term Extension | |
Financing Receivable | |
Loan count | 20 |
Consumer | Personal loans | Combination of reduction in interest rate and extension of maturity date | |
Financing Receivable | |
Loan count | 0 |
Consumer | Personal loans | Other | |
Financing Receivable | |
Loan count | 0 |
Consumer | Auto Loan | |
Financing Receivable | |
Loan count | 1 |
Consumer | Auto Loan | Reduction in interest rate | |
Financing Receivable | |
Loan count | 0 |
Consumer | Auto Loan | Term Extension | |
Financing Receivable | |
Loan count | 1 |
Consumer | Auto Loan | Combination of reduction in interest rate and extension of maturity date | |
Financing Receivable | |
Loan count | 0 |
Consumer | Auto Loan | Other | |
Financing Receivable | |
Loan count | 0 |
Consumer | Other | |
Financing Receivable | |
Loan count | 0 |
Leasing | |
Financing Receivable | |
Loan count | 0 |
Allowance for credit losses - Q
Allowance for credit losses - Quantitative information by loan class for loans modified as T D R (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2022 USD ($) loans | |
Financing Receivable | |
Loan count | loans | 420 |
Pre-Modification Recorded Investment | $ 89,356 |
Post Modification Recorded Investment | 89,903 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 3,190 |
Mortgages | |
Financing Receivable | |
Loan count | loans | 324 |
Pre-Modification Recorded Investment | $ 34,876 |
Post Modification Recorded Investment | 35,592 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 1,020 |
Commercial | CRE non-owner occupied | |
Financing Receivable | |
Loan count | loans | 1 |
Pre-Modification Recorded Investment | $ 3,400 |
Post Modification Recorded Investment | 3,400 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 0 |
Commercial | CRE owner occupied | |
Financing Receivable | |
Loan count | loans | 2 |
Pre-Modification Recorded Investment | $ 729 |
Post Modification Recorded Investment | 727 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 0 |
Commercial | Commercial and Industrial | |
Financing Receivable | |
Loan count | loans | 17 |
Pre-Modification Recorded Investment | $ 49,346 |
Post Modification Recorded Investment | 49,155 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 2,030 |
Consumer | Credit card | |
Financing Receivable | |
Loan count | loans | 30 |
Pre-Modification Recorded Investment | $ 248 |
Post Modification Recorded Investment | 273 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 5 |
Consumer | Personal loans | |
Financing Receivable | |
Loan count | loans | 45 |
Pre-Modification Recorded Investment | $ 729 |
Post Modification Recorded Investment | 728 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 130 |
Consumer | Auto Loan | |
Financing Receivable | |
Loan count | loans | 1 |
Pre-Modification Recorded Investment | $ 28 |
Post Modification Recorded Investment | 28 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 5 |
Consumer | Other | |
Financing Receivable | |
Loan count | loans | 0 |
Pre-Modification Recorded Investment | $ 0 |
Post Modification Recorded Investment | 0 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 0 |
Leasing | |
Financing Receivable | |
Loan count | loans | 0 |
Pre-Modification Recorded Investment | $ 0 |
Post Modification Recorded Investment | 0 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 0 |
Allowance for credit losses -_6
Allowance for credit losses - T D R that subsequently defaulted (Details) $ in Thousands | 12 Months Ended |
Dec. 31, 2022 USD ($) loans | |
Financing Receivable | |
Loan count | loans | 34 |
Recorded investment as of first default date | $ | $ 2,125 |
Mortgages | |
Financing Receivable | |
Loan count | loans | 6 |
Recorded investment as of first default date | $ | $ 1,870 |
Consumer | Credit card | |
Financing Receivable | |
Loan count | loans | 16 |
Recorded investment as of first default date | $ | $ 127 |
Consumer | Personal loans | |
Financing Receivable | |
Loan count | loans | 12 |
Recorded investment as of first default date | $ | $ 128 |
Allowance for credit losses - C
Allowance for credit losses - Credit quality indicators (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Dec. 31, 2022 | |
Financing Receivable, Recorded Investment | ||
2023 / 2022 | $ 1,364,176 | $ 7,470,324 |
2022 / 2021 | 7,251,708 | 5,736,879 |
2021 / 2020 | 5,479,672 | 3,444,280 |
2020 / 2019 | 3,374,266 | 2,356,222 |
2019 / 2018 | 2,214,653 | 1,633,775 |
Prior Years | 9,668,364 | 8,468,021 |
Revolving Loans Amortized Cost Basis | 2,943,287 | 2,923,375 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 42,247 | 44,893 |
Total | 32,338,373 | 32,077,769 |
Construction | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 9,512 | 212,762 |
2022 / 2021 | 260,695 | 195,653 |
2021 / 2020 | 188,413 | 118,597 |
2020 / 2019 | 69,288 | 102,359 |
2019 / 2018 | 83,000 | 35,713 |
Prior Years | 49,763 | 59,802 |
Revolving Loans Amortized Cost Basis | 38,325 | 33,098 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 698,996 | 757,984 |
Construction | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 35,446 |
2022 / 2021 | 35,764 | 15,201 |
2021 / 2020 | 17,156 | 98 |
2020 / 2019 | 0 | 6,979 |
2019 / 2018 | 6,909 | 18,310 |
Prior Years | 37,626 | 34,126 |
Revolving Loans Amortized Cost Basis | 0 | 141 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 97,455 | 110,301 |
Construction | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | |
2022 / 2021 | 3 | |
2021 / 2020 | 0 | |
2020 / 2019 | 0 | |
2019 / 2018 | 0 | |
Prior Years | 0 | |
Revolving Loans Amortized Cost Basis | 0 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 3 | |
Construction | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 11,052 |
2020 / 2019 | 11,080 | 0 |
2019 / 2018 | 0 | 6,540 |
Prior Years | 9,260 | 2,095 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 20,340 | 19,687 |
Construction | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 9,512 | 177,316 |
2022 / 2021 | 224,931 | 180,449 |
2021 / 2020 | 171,257 | 107,447 |
2020 / 2019 | 58,208 | 95,380 |
2019 / 2018 | 76,091 | 10,863 |
Prior Years | 2,877 | 23,581 |
Revolving Loans Amortized Cost Basis | 38,325 | 32,957 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 581,201 | 627,993 |
Mortgages | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 144,188 | 685,881 |
2022 / 2021 | 682,731 | 756,814 |
2021 / 2020 | 746,546 | 532,659 |
2020 / 2019 | 525,019 | 395,990 |
2019 / 2018 | 389,543 | 300,416 |
Prior Years | 4,917,880 | 4,725,711 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 7,405,907 | 7,397,471 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 846 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 846 | |
Mortgages | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 107 | 2,583 |
2021 / 2020 | 1,761 | 4,165 |
2020 / 2019 | 481 | 7,974 |
2019 / 2018 | 6,863 | 5,383 |
Prior Years | 99,519 | 103,757 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 108,731 | 123,862 |
Mortgages | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 144,188 | 685,881 |
2022 / 2021 | 682,624 | 754,231 |
2021 / 2020 | 744,785 | 528,494 |
2020 / 2019 | 524,538 | 388,016 |
2019 / 2018 | 382,680 | 295,033 |
Prior Years | 4,818,361 | 4,621,954 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 7,297,176 | 7,273,609 |
Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 45,742 | 641,171 |
2022 / 2021 | 647,092 | 423,164 |
2021 / 2020 | 421,277 | 267,140 |
2020 / 2019 | 263,001 | 339,832 |
2019 / 2018 | 338,209 | 194,860 |
Prior Years | 615,556 | 452,661 |
Revolving Loans Amortized Cost Basis | 5,480 | 2,885 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,336,357 | 2,321,713 |
Commercial | Commercial multi-family | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 6,867 | 750 |
2022 / 2021 | 747 | 917 |
2021 / 2020 | 0 | 6,218 |
2020 / 2019 | 6,182 | 104,087 |
2019 / 2018 | 79,893 | 9,633 |
Prior Years | 48,695 | 57,522 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 142,384 | 179,127 |
Commercial | Commercial multi-family | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 1,198 |
2020 / 2019 | 1,181 | 0 |
2019 / 2018 | 0 | 14,491 |
Prior Years | 25,052 | 11,064 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 26,233 | 26,753 |
Commercial | Commercial multi-family | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 9,305 |
2019 / 2018 | 14,893 | 7,373 |
Prior Years | 13,895 | 6,267 |
Revolving Loans Amortized Cost Basis | 100 | 100 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 28,888 | 23,045 |
Commercial | Commercial multi-family | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 38,875 | 640,421 |
2022 / 2021 | 646,345 | 422,247 |
2021 / 2020 | 421,277 | 259,724 |
2020 / 2019 | 255,638 | 226,440 |
2019 / 2018 | 243,423 | 163,363 |
Prior Years | 527,914 | 377,808 |
Revolving Loans Amortized Cost Basis | 5,380 | 2,785 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,138,852 | 2,092,788 |
Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 104,581 | 1,417,203 |
2022 / 2021 | 1,416,591 | 840,648 |
2021 / 2020 | 829,080 | 558,530 |
2020 / 2019 | 654,051 | 253,228 |
2019 / 2018 | 249,510 | 196,797 |
Prior Years | 1,375,654 | 1,208,015 |
Revolving Loans Amortized Cost Basis | 21,208 | 25,249 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 4,650,675 | 4,499,670 |
Commercial | CRE non-owner occupied | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 173 |
2022 / 2021 | 348 | 38,395 |
2021 / 2020 | 13,257 | 27,667 |
2020 / 2019 | 14,863 | 18,297 |
2019 / 2018 | 17,845 | 34,708 |
Prior Years | 120,646 | 129,118 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 166,959 | 248,358 |
Commercial | CRE non-owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 4,361 |
2021 / 2020 | 29,425 | 19,970 |
2020 / 2019 | 19,841 | 8,870 |
2019 / 2018 | 64,462 | 0 |
Prior Years | 124,654 | 100,809 |
Revolving Loans Amortized Cost Basis | 5,000 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 243,382 | 134,010 |
Commercial | CRE non-owner occupied | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 8,933 |
2022 / 2021 | 8,802 | 2,864 |
2021 / 2020 | 2,844 | 5,358 |
2020 / 2019 | 4,745 | 22,224 |
2019 / 2018 | 20,238 | 26,919 |
Prior Years | 23,874 | 25,786 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 60,503 | 92,084 |
Commercial | CRE non-owner occupied | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 104,581 | 1,408,097 |
2022 / 2021 | 1,407,441 | 795,028 |
2021 / 2020 | 783,554 | 505,535 |
2020 / 2019 | 614,602 | 203,837 |
2019 / 2018 | 146,965 | 135,170 |
Prior Years | 1,106,480 | 952,302 |
Revolving Loans Amortized Cost Basis | 16,208 | 25,249 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 4,179,831 | 4,025,218 |
Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 66,748 | 609,570 |
2022 / 2021 | 612,258 | 693,164 |
2021 / 2020 | 686,327 | 406,337 |
2020 / 2019 | 331,140 | 133,797 |
2019 / 2018 | 131,712 | 238,349 |
Prior Years | 1,162,291 | 973,433 |
Revolving Loans Amortized Cost Basis | 28,111 | 23,899 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,018,587 | 3,078,549 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 3 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 3 | |
Commercial | CRE owner occupied | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 2,296 |
2022 / 2021 | 11,755 | 5,271 |
2021 / 2020 | 4,457 | 10,644 |
2020 / 2019 | 10,520 | 5,354 |
2019 / 2018 | 4,148 | 37,744 |
Prior Years | 151,394 | 126,573 |
Revolving Loans Amortized Cost Basis | 600 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 182,874 | 187,882 |
Commercial | CRE owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 10 |
2022 / 2021 | 9 | 284 |
2021 / 2020 | 2,417 | 5,570 |
2020 / 2019 | 5,394 | 6,578 |
2019 / 2018 | 12,339 | 1,076 |
Prior Years | 67,192 | 62,361 |
Revolving Loans Amortized Cost Basis | 13,834 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 101,185 | 75,879 |
Commercial | CRE owner occupied | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 16,205 |
2022 / 2021 | 16,087 | 6,177 |
2021 / 2020 | 6,078 | 802 |
2020 / 2019 | 784 | 8,203 |
2019 / 2018 | 8,077 | 11,935 |
Prior Years | 126,709 | 117,791 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 157,735 | 161,113 |
Commercial | CRE owner occupied | Doubtful | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 438 | 505 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 438 | 505 |
Commercial | CRE owner occupied | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 66,748 | 591,059 |
2022 / 2021 | 584,407 | 681,432 |
2021 / 2020 | 673,375 | 389,321 |
2020 / 2019 | 314,442 | 113,662 |
2019 / 2018 | 107,148 | 187,594 |
Prior Years | 816,558 | 666,203 |
Revolving Loans Amortized Cost Basis | 13,677 | 23,899 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,576,355 | 2,653,170 |
Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 253,639 | 1,028,824 |
2022 / 2021 | 1,020,296 | 1,037,250 |
2021 / 2020 | 959,336 | 604,714 |
2020 / 2019 | 660,204 | 409,318 |
2019 / 2018 | 383,892 | 279,591 |
Prior Years | 1,030,876 | 808,935 |
Revolving Loans Amortized Cost Basis | 1,691,399 | 1,670,568 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 5,999,642 | 5,839,200 |
2023 / 2022 Gross writeoff | 429 | |
2022 / 2021 Gross writeoff | 218 | |
2021 / 2020 Gross writeoff | 55 | |
2020 / 2019 Gross writeoff | 617 | |
2019 / 2018 Gross writeoff | 13 | |
Prior Years Gross writeoff | 7 | |
Revolving Loans Amortized Cost Basis - Writeoff | 767 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 2,106 | |
Commercial | Commercial and Industrial | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 4,471 | 44,704 |
2022 / 2021 | 32,968 | 4,403 |
2021 / 2020 | 4,526 | 17,515 |
2020 / 2019 | 4,363 | 20,878 |
2019 / 2018 | 20,189 | 23,921 |
Prior Years | 85,291 | 52,134 |
Revolving Loans Amortized Cost Basis | 46,264 | 60,799 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 198,072 | 224,354 |
Commercial | Commercial and Industrial | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 3,799 |
2022 / 2021 | 2,752 | 3,609 |
2021 / 2020 | 6,464 | 6,084 |
2020 / 2019 | 21,128 | 1,383 |
2019 / 2018 | 1,343 | 6,827 |
Prior Years | 53,584 | 46,040 |
Revolving Loans Amortized Cost Basis | 5,788 | 6,286 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 91,059 | 74,028 |
Commercial | Commercial and Industrial | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 5,673 | 1,049 |
2022 / 2021 | 1,350 | 2,211 |
2021 / 2020 | 1,313 | 1,674 |
2020 / 2019 | 1,947 | 7,416 |
2019 / 2018 | 6,807 | 11,851 |
Prior Years | 31,923 | 42,465 |
Revolving Loans Amortized Cost Basis | 48,042 | 47,634 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 97,055 | 114,300 |
Commercial | Commercial and Industrial | Doubtful | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 29 |
2020 / 2019 | 28 | 0 |
2019 / 2018 | 0 | 75 |
Prior Years | 37 | 75 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 65 | 179 |
Commercial | Commercial and Industrial | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 292 |
2022 / 2021 | 55 | 525 |
2021 / 2020 | 0 | 1 |
2020 / 2019 | 38 | 75 |
2019 / 2018 | 315 | 192 |
Prior Years | 0 | 3 |
Revolving Loans Amortized Cost Basis | 0 | 144 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 408 | 1,232 |
Commercial | Commercial and Industrial | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 243,495 | 978,980 |
2022 / 2021 | 983,171 | 1,026,502 |
2021 / 2020 | 947,033 | 579,411 |
2020 / 2019 | 632,700 | 379,566 |
2019 / 2018 | 355,238 | 236,725 |
Prior Years | 860,041 | 668,218 |
Revolving Loans Amortized Cost Basis | 1,591,305 | 1,555,705 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 5,612,983 | 5,425,107 |
Leasing | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 193,921 | 673,247 |
2022 / 2021 | 596,254 | 430,380 |
2021 / 2020 | 401,219 | 238,880 |
2020 / 2019 | 218,849 | 147,424 |
2019 / 2018 | 131,678 | 80,578 |
Prior Years | 72,423 | 15,230 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,614,344 | 1,585,739 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 640 | |
2021 / 2020 Gross writeoff | 634 | |
2020 / 2019 Gross writeoff | 94 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 49 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 1,417 | |
Leasing | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 953 |
2022 / 2021 | 1,065 | 1,491 |
2021 / 2020 | 1,819 | 941 |
2020 / 2019 | 623 | 1,172 |
2019 / 2018 | 1,293 | 1,127 |
Prior Years | 1,250 | 215 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 6,050 | 5,899 |
Leasing | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 54 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 21 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 21 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 54 | 42 |
Leasing | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 193,921 | 672,294 |
2022 / 2021 | 595,135 | 428,889 |
2021 / 2020 | 399,400 | 237,939 |
2020 / 2019 | 218,226 | 146,231 |
2019 / 2018 | 130,385 | 79,451 |
Prior Years | 71,173 | 14,994 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,608,240 | 1,579,798 |
Consumer | Credit card | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 1,046,196 | 1,041,870 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,046,196 | 1,041,870 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 0 | |
Revolving Loans Amortized Cost Basis - Writeoff | 8,677 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 8,677 | |
Consumer | Credit card | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 12,058 | 11,907 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 12,058 | 11,907 |
Consumer | Credit card | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 3 | 3 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3 | 3 |
Consumer | Credit card | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 1,034,135 | 1,029,960 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,034,135 | 1,029,960 |
Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 10,918 | 11,319 |
Revolving Loans Amortized Cost Basis | 43,957 | 44,698 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 15,012 | 15,899 |
Total | 69,887 | 71,916 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 176 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 176 | |
Consumer | Home equity lines of credit | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 2,162 | 2,146 |
Revolving Loans Amortized Cost Basis | 20 | 20 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,551 | 1,402 |
Total | 3,733 | 3,568 |
Consumer | Home equity lines of credit | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 111 | 4 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 775 | 538 |
Total | 886 | 542 |
Consumer | Home equity lines of credit | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 8,645 | 9,169 |
Revolving Loans Amortized Cost Basis | 43,937 | 44,678 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 12,686 | 13,959 |
Total | 65,268 | 67,806 |
Consumer | Personal loans | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 245,560 | 1,008,668 |
2022 / 2021 | 884,574 | 369,584 |
2021 / 2020 | 323,627 | 111,642 |
2020 / 2019 | 96,003 | 133,043 |
2019 / 2018 | 112,687 | 49,180 |
Prior Years | 151,383 | 122,468 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 27,235 | 28,994 |
Total | 1,841,069 | 1,823,579 |
2023 / 2022 Gross writeoff | 2 | |
2022 / 2021 Gross writeoff | 7,436 | |
2021 / 2020 Gross writeoff | 5,724 | |
2020 / 2019 Gross writeoff | 1,643 | |
2019 / 2018 Gross writeoff | 1,730 | |
Prior Years Gross writeoff | 1,215 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 17,750 | |
Consumer | Personal loans | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 1,951 |
2022 / 2021 | 2,914 | 2,455 |
2021 / 2020 | 2,304 | 913 |
2020 / 2019 | 631 | 2,012 |
2019 / 2018 | 1,668 | 573 |
Prior Years | 10,828 | 10,837 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,073 | 1,285 |
Total | 19,418 | 20,026 |
Consumer | Personal loans | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 198 | 0 |
2021 / 2020 | 248 | 53 |
2020 / 2019 | 62 | 20 |
2019 / 2018 | 55 | 31 |
Prior Years | 530 | 431 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 1 |
Total | 1,093 | 536 |
Consumer | Personal loans | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 245,560 | 1,006,717 |
2022 / 2021 | 881,462 | 367,129 |
2021 / 2020 | 321,075 | 110,676 |
2020 / 2019 | 95,310 | 131,011 |
2019 / 2018 | 110,964 | 48,576 |
Prior Years | 140,025 | 111,200 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 26,162 | 27,708 |
Total | 1,820,558 | 1,803,017 |
Consumer | Auto Loan | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 292,535 | 1,163,441 |
2022 / 2021 | 1,103,118 | 972,783 |
2021 / 2020 | 906,970 | 598,714 |
2020 / 2019 | 549,896 | 436,437 |
2019 / 2018 | 390,402 | 252,932 |
Prior Years | 275,019 | 88,223 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,517,940 | 3,512,530 |
2023 / 2022 Gross writeoff | 83 | |
2022 / 2021 Gross writeoff | 6,034 | |
2021 / 2020 Gross writeoff | 3,168 | |
2020 / 2019 Gross writeoff | 1,633 | |
2019 / 2018 Gross writeoff | 1,200 | |
Prior Years Gross writeoff | 0 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 12,118 | |
Consumer | Auto Loan | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 6,764 |
2022 / 2021 | 8,772 | 11,171 |
2021 / 2020 | 11,611 | 10,466 |
2020 / 2019 | 9,978 | 10,243 |
2019 / 2018 | 8,858 | 4,597 |
Prior Years | 5,505 | 2,382 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 44,724 | 45,623 |
Consumer | Auto Loan | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 23 |
2022 / 2021 | 50 | 41 |
2021 / 2020 | 9 | 48 |
2020 / 2019 | 21 | 25 |
2019 / 2018 | 16 | 7 |
Prior Years | 0 | 14 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 96 | 158 |
Consumer | Auto Loan | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 292,535 | 1,156,654 |
2022 / 2021 | 1,094,296 | 961,571 |
2021 / 2020 | 895,350 | 588,200 |
2020 / 2019 | 539,897 | 426,169 |
2019 / 2018 | 381,528 | 248,328 |
Prior Years | 269,514 | 85,827 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,473,120 | 3,466,749 |
Consumer | Other | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 7,750 | 29,557 |
2022 / 2021 | 28,099 | 17,439 |
2021 / 2020 | 16,877 | 7,067 |
2020 / 2019 | 6,815 | 4,794 |
2019 / 2018 | 4,020 | 5,359 |
Prior Years | 6,601 | 2,224 |
Revolving Loans Amortized Cost Basis | 68,611 | 81,108 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 138,773 | 147,548 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 6 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
2019 / 2018 Gross writeoff | 1 | |
Prior Years Gross writeoff | 11,053 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 11,060 | |
Consumer | Other | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 100 |
2020 / 2019 | 90 | 593 |
2019 / 2018 | 18 | 543 |
Prior Years | 550 | 242 |
Revolving Loans Amortized Cost Basis | 684 | 10,910 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,342 | 12,388 |
Consumer | Other | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 263 |
Prior Years | 263 | 40 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 263 | 303 |
Consumer | Other | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 7,750 | 29,557 |
2022 / 2021 | 28,099 | 17,439 |
2021 / 2020 | 16,877 | 6,967 |
2020 / 2019 | 6,725 | 4,201 |
2019 / 2018 | 4,002 | 4,553 |
Prior Years | 5,788 | 1,942 |
Revolving Loans Amortized Cost Basis | 67,927 | 70,198 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 137,168 | 134,857 |
Puerto Rico | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 1,203,956 | 5,284,550 |
2022 / 2021 | 5,006,513 | 3,842,437 |
2021 / 2020 | 3,592,512 | 2,132,518 |
2020 / 2019 | 2,106,879 | 1,331,262 |
2019 / 2018 | 1,231,749 | 920,786 |
Prior Years | 7,101,246 | 6,511,660 |
Revolving Loans Amortized Cost Basis | 2,536,422 | 2,494,698 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 27,235 | 28,994 |
Total | 22,806,512 | 22,546,905 |
Puerto Rico | Construction | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 48,490 |
2022 / 2021 | 52,145 | 37,503 |
2021 / 2020 | 41,126 | 25,688 |
2020 / 2019 | 21,447 | 2,262 |
2019 / 2018 | 2,306 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 38,325 | 33,098 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 155,349 | 147,041 |
Puerto Rico | Construction | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 35,446 |
2022 / 2021 | 35,764 | 3,116 |
2021 / 2020 | 4,792 | 98 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 0 | 141 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 40,556 | 38,801 |
Puerto Rico | Construction | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 9,629 |
2020 / 2019 | 9,657 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 9,657 | 9,629 |
Puerto Rico | Construction | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 13,044 |
2022 / 2021 | 16,381 | 34,387 |
2021 / 2020 | 36,334 | 15,961 |
2020 / 2019 | 11,790 | 2,262 |
2019 / 2018 | 2,306 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 38,325 | 32,957 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 105,136 | 98,611 |
Puerto Rico | Mortgages | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 117,402 | 449,286 |
2022 / 2021 | 452,639 | 451,601 |
2021 / 2020 | 445,178 | 285,713 |
2020 / 2019 | 281,327 | 208,096 |
2019 / 2018 | 204,601 | 241,234 |
Prior Years | 4,615,537 | 4,474,349 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 6,116,684 | 6,110,279 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 846 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 846 | |
Puerto Rico | Mortgages | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 107 | 574 |
2021 / 2020 | 166 | 687 |
2020 / 2019 | 481 | 3,926 |
2019 / 2018 | 3,255 | 4,227 |
Prior Years | 90,003 | 93,959 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 94,012 | 103,373 |
Puerto Rico | Mortgages | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 117,402 | 449,286 |
2022 / 2021 | 452,532 | 451,027 |
2021 / 2020 | 445,012 | 285,026 |
2020 / 2019 | 280,846 | 204,170 |
2019 / 2018 | 201,346 | 237,007 |
Prior Years | 4,525,534 | 4,380,390 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 6,022,672 | 6,006,906 |
Puerto Rico | Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 34,954 | 137,411 |
2022 / 2021 | 138,361 | 22,850 |
2021 / 2020 | 22,771 | 20,821 |
2020 / 2019 | 20,740 | 34,653 |
2019 / 2018 | 34,404 | 24,640 |
Prior Years | 41,206 | 40,898 |
Revolving Loans Amortized Cost Basis | 370 | 100 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 292,806 | 281,373 |
Puerto Rico | Commercial | Commercial multi-family | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 6,867 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 18,508 |
2019 / 2018 | 18,365 | 0 |
Prior Years | 4,378 | 4,687 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 29,610 | 23,195 |
Puerto Rico | Commercial | Commercial multi-family | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 2,651 | 2,692 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,651 | 2,692 |
Puerto Rico | Commercial | Commercial multi-family | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 3,234 | 3,326 |
Revolving Loans Amortized Cost Basis | 100 | 100 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,334 | 3,426 |
Puerto Rico | Commercial | Commercial multi-family | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 28,087 | 137,411 |
2022 / 2021 | 138,361 | 22,850 |
2021 / 2020 | 22,771 | 20,821 |
2020 / 2019 | 20,740 | 16,145 |
2019 / 2018 | 16,039 | 24,640 |
Prior Years | 30,943 | 30,193 |
Revolving Loans Amortized Cost Basis | 270 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 257,211 | 252,060 |
Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 76,455 | 864,945 |
2022 / 2021 | 867,104 | 626,279 |
2021 / 2020 | 619,164 | 331,310 |
2020 / 2019 | 404,363 | 135,519 |
2019 / 2018 | 134,229 | 68,372 |
Prior Years | 770,062 | 714,766 |
Revolving Loans Amortized Cost Basis | 14,106 | 16,136 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,885,483 | 2,757,327 |
Puerto Rico | Commercial | CRE non-owner occupied | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 173 |
2022 / 2021 | 348 | 36,228 |
2021 / 2020 | 11,102 | 14,045 |
2020 / 2019 | 13,622 | 14,942 |
2019 / 2018 | 14,506 | 7,777 |
Prior Years | 68,267 | 99,269 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 107,845 | 172,434 |
Puerto Rico | Commercial | CRE non-owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 4,361 |
2021 / 2020 | 29,425 | 19,970 |
2020 / 2019 | 19,841 | 7,517 |
2019 / 2018 | 63,115 | 0 |
Prior Years | 49,505 | 25,540 |
Revolving Loans Amortized Cost Basis | 5,000 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 166,886 | 57,388 |
Puerto Rico | Commercial | CRE non-owner occupied | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 8,933 |
2022 / 2021 | 8,802 | 0 |
2021 / 2020 | 0 | 3,209 |
2020 / 2019 | 2,607 | 19,004 |
2019 / 2018 | 18,488 | 25,490 |
Prior Years | 20,454 | 21,064 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 50,351 | 77,700 |
Puerto Rico | Commercial | CRE non-owner occupied | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 76,455 | 855,839 |
2022 / 2021 | 857,954 | 585,690 |
2021 / 2020 | 578,637 | 294,086 |
2020 / 2019 | 368,293 | 94,056 |
2019 / 2018 | 38,120 | 35,105 |
Prior Years | 631,836 | 568,893 |
Revolving Loans Amortized Cost Basis | 9,106 | 16,136 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,560,401 | 2,449,805 |
Puerto Rico | Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 19,721 | 245,915 |
2022 / 2021 | 250,402 | 270,205 |
2021 / 2020 | 268,805 | 286,266 |
2020 / 2019 | 211,999 | 42,344 |
2019 / 2018 | 40,884 | 101,524 |
Prior Years | 683,435 | 625,060 |
Revolving Loans Amortized Cost Basis | 22,257 | 16,742 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,497,503 | 1,588,056 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 3 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 3 | |
Puerto Rico | Commercial | CRE owner occupied | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 2,296 |
2022 / 2021 | 11,755 | 5,271 |
2021 / 2020 | 4,457 | 9,447 |
2020 / 2019 | 9,329 | 4,275 |
2019 / 2018 | 4,148 | 31,649 |
Prior Years | 95,445 | 71,568 |
Revolving Loans Amortized Cost Basis | 600 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 125,734 | 124,506 |
Puerto Rico | Commercial | CRE owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 10 |
2022 / 2021 | 9 | 284 |
2021 / 2020 | 2,417 | 1,684 |
2020 / 2019 | 1,534 | 6,578 |
2019 / 2018 | 6,147 | 1,076 |
Prior Years | 66,300 | 61,460 |
Revolving Loans Amortized Cost Basis | 13,834 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 90,241 | 71,092 |
Puerto Rico | Commercial | CRE owner occupied | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 16,205 |
2022 / 2021 | 16,087 | 6,177 |
2021 / 2020 | 6,078 | 802 |
2020 / 2019 | 784 | 800 |
2019 / 2018 | 712 | 770 |
Prior Years | 80,734 | 84,205 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 104,395 | 108,959 |
Puerto Rico | Commercial | CRE owner occupied | Doubtful | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 438 | 505 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 438 | 505 |
Puerto Rico | Commercial | CRE owner occupied | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 19,721 | 227,404 |
2022 / 2021 | 222,551 | 258,473 |
2021 / 2020 | 255,853 | 274,333 |
2020 / 2019 | 200,352 | 30,691 |
2019 / 2018 | 29,877 | 68,029 |
Prior Years | 440,518 | 407,322 |
Revolving Loans Amortized Cost Basis | 7,823 | 16,742 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,176,695 | 1,282,994 |
Puerto Rico | Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 235,702 | 829,364 |
2022 / 2021 | 782,200 | 690,587 |
2021 / 2020 | 587,090 | 233,905 |
2020 / 2019 | 301,327 | 200,371 |
2019 / 2018 | 187,021 | 99,058 |
Prior Years | 488,619 | 430,526 |
Revolving Loans Amortized Cost Basis | 1,352,474 | 1,312,697 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,934,433 | 3,796,508 |
2023 / 2022 Gross writeoff | 172 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 54 | |
2020 / 2019 Gross writeoff | 609 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 5 | |
Revolving Loans Amortized Cost Basis - Writeoff | 767 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 1,607 | |
Puerto Rico | Commercial | Commercial and Industrial | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 2,151 | 32,376 |
2022 / 2021 | 21,021 | 2,185 |
2021 / 2020 | 1,994 | 15,493 |
2020 / 2019 | 2,889 | 18,829 |
2019 / 2018 | 18,406 | 15,483 |
Prior Years | 76,544 | 51,602 |
Revolving Loans Amortized Cost Basis | 42,623 | 56,508 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 165,628 | 192,476 |
Puerto Rico | Commercial | Commercial and Industrial | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 2,537 |
2022 / 2021 | 1,578 | 2,479 |
2021 / 2020 | 5,168 | 5,770 |
2020 / 2019 | 20,849 | 1,139 |
2019 / 2018 | 1,076 | 6,767 |
Prior Years | 53,511 | 46,040 |
Revolving Loans Amortized Cost Basis | 5,785 | 6,283 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 87,967 | 71,015 |
Puerto Rico | Commercial | Commercial and Industrial | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 5,418 | 789 |
2022 / 2021 | 766 | 1,276 |
2021 / 2020 | 1,137 | 1,600 |
2020 / 2019 | 1,813 | 3,138 |
2019 / 2018 | 2,588 | 11,536 |
Prior Years | 29,834 | 40,636 |
Revolving Loans Amortized Cost Basis | 44,565 | 46,226 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 86,121 | 105,201 |
Puerto Rico | Commercial | Commercial and Industrial | Doubtful | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 29 |
2020 / 2019 | 28 | 0 |
2019 / 2018 | 0 | 75 |
Prior Years | 37 | 75 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 65 | 179 |
Puerto Rico | Commercial | Commercial and Industrial | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | |
2022 / 2021 | 0 | |
2021 / 2020 | 0 | |
2020 / 2019 | 0 | |
2019 / 2018 | 0 | |
Prior Years | 0 | |
Revolving Loans Amortized Cost Basis | 144 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 144 | |
Puerto Rico | Commercial | Commercial and Industrial | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 228,133 | 793,662 |
2022 / 2021 | 758,835 | 684,647 |
2021 / 2020 | 578,791 | 211,013 |
2020 / 2019 | 275,748 | 177,265 |
2019 / 2018 | 164,951 | 65,197 |
Prior Years | 328,693 | 292,173 |
Revolving Loans Amortized Cost Basis | 1,259,501 | 1,203,536 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,594,652 | 3,427,493 |
Puerto Rico | Leasing | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 193,921 | 673,247 |
2022 / 2021 | 596,254 | 430,380 |
2021 / 2020 | 401,219 | 238,880 |
2020 / 2019 | 218,849 | 147,424 |
2019 / 2018 | 131,678 | 80,578 |
Prior Years | 72,423 | 15,230 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,614,344 | 1,585,739 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 640 | |
2021 / 2020 Gross writeoff | 634 | |
2020 / 2019 Gross writeoff | 94 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 49 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 1,417 | |
Puerto Rico | Leasing | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 953 |
2022 / 2021 | 1,065 | 1,491 |
2021 / 2020 | 1,819 | 941 |
2020 / 2019 | 623 | 1,172 |
2019 / 2018 | 1,293 | 1,127 |
Prior Years | 1,250 | 215 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 6,050 | 5,899 |
Puerto Rico | Leasing | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 54 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 21 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 21 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 54 | 42 |
Puerto Rico | Leasing | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 193,921 | 672,294 |
2022 / 2021 | 595,135 | 428,889 |
2021 / 2020 | 399,400 | 237,939 |
2020 / 2019 | 218,226 | 146,231 |
2019 / 2018 | 130,385 | 79,451 |
Prior Years | 71,173 | 14,994 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,608,240 | 1,579,798 |
Puerto Rico | Consumer | Credit card | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 1,046,175 | 1,041,831 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,046,175 | 1,041,831 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 0 | |
Revolving Loans Amortized Cost Basis - Writeoff | 8,676 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 8,676 | |
Puerto Rico | Consumer | Credit card | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 12,058 | 11,907 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 12,058 | 11,907 |
Puerto Rico | Consumer | Credit card | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 3 | 3 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3 | 3 |
Puerto Rico | Consumer | Credit card | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 1,034,114 | 1,029,921 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,034,114 | 1,029,921 |
Puerto Rico | Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 2,865 | 2,954 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,865 | 2,954 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 33 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 33 | |
Puerto Rico | Consumer | Home equity lines of credit | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 2,865 | 2,954 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,865 | 2,954 |
Puerto Rico | Consumer | Personal loans | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 225,516 | 842,894 |
2022 / 2021 | 736,191 | 322,810 |
2021 / 2020 | 283,312 | 104,154 |
2020 / 2019 | 90,116 | 119,362 |
2019 / 2018 | 102,204 | 47,089 |
Prior Years | 148,344 | 120,384 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 27,235 | 28,994 |
Total | 1,612,918 | 1,585,687 |
2023 / 2022 Gross writeoff | 2 | |
2022 / 2021 Gross writeoff | 5,105 | |
2021 / 2020 Gross writeoff | 4,533 | |
2020 / 2019 Gross writeoff | 1,372 | |
2019 / 2018 Gross writeoff | 1,449 | |
Prior Years Gross writeoff | 1,119 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 13,580 | |
Puerto Rico | Consumer | Personal loans | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 1,330 |
2022 / 2021 | 1,879 | 2,001 |
2021 / 2020 | 2,078 | 764 |
2020 / 2019 | 545 | 1,774 |
2019 / 2018 | 1,493 | 503 |
Prior Years | 10,640 | 10,831 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,073 | 1,285 |
Total | 17,708 | 18,488 |
Puerto Rico | Consumer | Personal loans | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 105 | 0 |
2021 / 2020 | 141 | 53 |
2020 / 2019 | 17 | 20 |
2019 / 2018 | 32 | 31 |
Prior Years | 2 | 10 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 1 |
Total | 297 | 115 |
Puerto Rico | Consumer | Personal loans | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 225,516 | 841,564 |
2022 / 2021 | 734,207 | 320,809 |
2021 / 2020 | 281,093 | 103,337 |
2020 / 2019 | 89,554 | 117,568 |
2019 / 2018 | 100,679 | 46,555 |
Prior Years | 137,702 | 109,543 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 26,162 | 27,708 |
Total | 1,594,913 | 1,567,084 |
Puerto Rico | Consumer | Auto Loan | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 292,535 | 1,163,441 |
2022 / 2021 | 1,103,118 | 972,783 |
2021 / 2020 | 906,970 | 598,714 |
2020 / 2019 | 549,896 | 436,437 |
2019 / 2018 | 390,402 | 252,932 |
Prior Years | 275,019 | 88,223 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,517,940 | 3,512,530 |
2023 / 2022 Gross writeoff | 83 | |
2022 / 2021 Gross writeoff | 6,034 | |
2021 / 2020 Gross writeoff | 3,168 | |
2020 / 2019 Gross writeoff | 1,633 | |
2019 / 2018 Gross writeoff | 1,200 | |
Prior Years Gross writeoff | 0 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 12,118 | |
Puerto Rico | Consumer | Auto Loan | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 6,764 |
2022 / 2021 | 8,772 | 11,171 |
2021 / 2020 | 11,611 | 10,466 |
2020 / 2019 | 9,978 | 10,243 |
2019 / 2018 | 8,858 | 4,597 |
Prior Years | 5,505 | 2,382 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 44,724 | 45,623 |
Puerto Rico | Consumer | Auto Loan | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 23 |
2022 / 2021 | 50 | 41 |
2021 / 2020 | 9 | 48 |
2020 / 2019 | 21 | 25 |
2019 / 2018 | 16 | 7 |
Prior Years | 0 | 14 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 96 | 158 |
Puerto Rico | Consumer | Auto Loan | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 292,535 | 1,156,654 |
2022 / 2021 | 1,094,296 | 961,571 |
2021 / 2020 | 895,350 | 588,200 |
2020 / 2019 | 539,897 | 426,169 |
2019 / 2018 | 381,528 | 248,328 |
Prior Years | 269,514 | 85,827 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,473,120 | 3,466,749 |
Puerto Rico | Consumer | Other | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 7,750 | 29,557 |
2022 / 2021 | 28,099 | 17,439 |
2021 / 2020 | 16,877 | 7,067 |
2020 / 2019 | 6,815 | 4,794 |
2019 / 2018 | 4,020 | 5,359 |
Prior Years | 6,601 | 2,224 |
Revolving Loans Amortized Cost Basis | 59,850 | 71,140 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 130,012 | 137,580 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 6 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
2019 / 2018 Gross writeoff | 1 | |
Prior Years Gross writeoff | 11,000 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 11,007 | |
Puerto Rico | Consumer | Other | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 100 |
2020 / 2019 | 90 | 593 |
2019 / 2018 | 18 | 543 |
Prior Years | 550 | 242 |
Revolving Loans Amortized Cost Basis | 170 | 10,902 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 828 | 12,380 |
Puerto Rico | Consumer | Other | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 263 |
Prior Years | 263 | 40 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 263 | 303 |
Puerto Rico | Consumer | Other | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 7,750 | 29,557 |
2022 / 2021 | 28,099 | 17,439 |
2021 / 2020 | 16,877 | 6,967 |
2020 / 2019 | 6,725 | 4,201 |
2019 / 2018 | 4,002 | 4,553 |
Prior Years | 5,788 | 1,942 |
Revolving Loans Amortized Cost Basis | 59,680 | 60,238 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 128,921 | 124,897 |
Popular U.S. | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 160,220 | 2,185,774 |
2022 / 2021 | 2,245,195 | 1,894,442 |
2021 / 2020 | 1,887,160 | 1,311,762 |
2020 / 2019 | 1,267,387 | 1,024,960 |
2019 / 2018 | 982,904 | 712,989 |
Prior Years | 2,567,118 | 1,956,361 |
Revolving Loans Amortized Cost Basis | 406,865 | 428,677 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 15,012 | 15,899 |
Total | 9,531,861 | 9,530,864 |
Popular U.S. | Construction | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 9,512 | 164,272 |
2022 / 2021 | 208,550 | 158,150 |
2021 / 2020 | 147,287 | 92,909 |
2020 / 2019 | 47,841 | 100,097 |
2019 / 2018 | 80,694 | 35,713 |
Prior Years | 49,763 | 59,802 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 543,647 | 610,943 |
Popular U.S. | Construction | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 12,085 |
2021 / 2020 | 12,364 | 0 |
2020 / 2019 | 0 | 6,979 |
2019 / 2018 | 6,909 | 18,310 |
Prior Years | 37,626 | 34,126 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 56,899 | 71,500 |
Popular U.S. | Construction | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 3 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 0 | 3 |
Popular U.S. | Construction | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 1,423 |
2020 / 2019 | 1,423 | 0 |
2019 / 2018 | 0 | 6,540 |
Prior Years | 9,260 | 2,095 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 10,683 | 10,058 |
Popular U.S. | Construction | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 9,512 | 164,272 |
2022 / 2021 | 208,550 | 146,062 |
2021 / 2020 | 134,923 | 91,486 |
2020 / 2019 | 46,418 | 93,118 |
2019 / 2018 | 73,785 | 10,863 |
Prior Years | 2,877 | 23,581 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 476,065 | 529,382 |
Popular U.S. | Mortgages | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 26,786 | 236,595 |
2022 / 2021 | 230,092 | 305,213 |
2021 / 2020 | 301,368 | 246,946 |
2020 / 2019 | 243,692 | 187,894 |
2019 / 2018 | 184,942 | 59,182 |
Prior Years | 302,343 | 251,362 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,289,223 | 1,287,192 |
Popular U.S. | Mortgages | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 2,009 |
2021 / 2020 | 1,595 | 3,478 |
2020 / 2019 | 0 | 4,048 |
2019 / 2018 | 3,608 | 1,156 |
Prior Years | 9,516 | 9,798 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 14,719 | 20,489 |
Popular U.S. | Mortgages | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 26,786 | 236,595 |
2022 / 2021 | 230,092 | 303,204 |
2021 / 2020 | 299,773 | 243,468 |
2020 / 2019 | 243,692 | 183,846 |
2019 / 2018 | 181,334 | 58,026 |
Prior Years | 292,827 | 241,564 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,274,504 | 1,266,703 |
Popular U.S. | Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 10,788 | 503,760 |
2022 / 2021 | 508,731 | 400,314 |
2021 / 2020 | 398,506 | 246,319 |
2020 / 2019 | 242,261 | 305,179 |
2019 / 2018 | 303,805 | 170,220 |
Prior Years | 574,350 | 411,763 |
Revolving Loans Amortized Cost Basis | 5,110 | 2,785 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,043,551 | 2,040,340 |
Popular U.S. | Commercial | Commercial multi-family | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 750 |
2022 / 2021 | 747 | 917 |
2021 / 2020 | 0 | 6,218 |
2020 / 2019 | 6,182 | 85,579 |
2019 / 2018 | 61,528 | 9,633 |
Prior Years | 44,317 | 52,835 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 112,774 | 155,932 |
Popular U.S. | Commercial | Commercial multi-family | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 1,198 |
2020 / 2019 | 1,181 | 0 |
2019 / 2018 | 0 | 14,491 |
Prior Years | 22,401 | 8,372 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 23,582 | 24,061 |
Popular U.S. | Commercial | Commercial multi-family | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 9,305 |
2019 / 2018 | 14,893 | 7,373 |
Prior Years | 10,661 | 2,941 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 25,554 | 19,619 |
Popular U.S. | Commercial | Commercial multi-family | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 10,788 | 503,010 |
2022 / 2021 | 507,984 | 399,397 |
2021 / 2020 | 398,506 | 238,903 |
2020 / 2019 | 234,898 | 210,295 |
2019 / 2018 | 227,384 | 138,723 |
Prior Years | 496,971 | 347,615 |
Revolving Loans Amortized Cost Basis | 5,110 | 2,785 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,881,641 | 1,840,728 |
Popular U.S. | Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 28,126 | 552,258 |
2022 / 2021 | 549,487 | 214,369 |
2021 / 2020 | 209,916 | 227,220 |
2020 / 2019 | 249,688 | 117,709 |
2019 / 2018 | 115,281 | 128,425 |
Prior Years | 605,592 | 493,249 |
Revolving Loans Amortized Cost Basis | 7,102 | 9,113 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,765,192 | 1,742,343 |
Popular U.S. | Commercial | CRE non-owner occupied | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 2,167 |
2021 / 2020 | 2,155 | 13,622 |
2020 / 2019 | 1,241 | 3,355 |
2019 / 2018 | 3,339 | 26,931 |
Prior Years | 52,379 | 29,849 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 59,114 | 75,924 |
Popular U.S. | Commercial | CRE non-owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 1,353 |
2019 / 2018 | 1,347 | 0 |
Prior Years | 75,149 | 75,269 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 76,496 | 76,622 |
Popular U.S. | Commercial | CRE non-owner occupied | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 2,864 |
2021 / 2020 | 2,844 | 2,149 |
2020 / 2019 | 2,138 | 3,220 |
2019 / 2018 | 1,750 | 1,429 |
Prior Years | 3,420 | 4,722 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 10,152 | 14,384 |
Popular U.S. | Commercial | CRE non-owner occupied | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 28,126 | 552,258 |
2022 / 2021 | 549,487 | 209,338 |
2021 / 2020 | 204,917 | 211,449 |
2020 / 2019 | 246,309 | 109,781 |
2019 / 2018 | 108,845 | 100,065 |
Prior Years | 474,644 | 383,409 |
Revolving Loans Amortized Cost Basis | 7,102 | 9,113 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,619,430 | 1,575,413 |
Popular U.S. | Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 47,027 | 363,655 |
2022 / 2021 | 361,856 | 422,959 |
2021 / 2020 | 417,522 | 120,071 |
2020 / 2019 | 119,141 | 91,453 |
2019 / 2018 | 90,828 | 136,825 |
Prior Years | 478,856 | 348,373 |
Revolving Loans Amortized Cost Basis | 5,854 | 7,157 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,521,084 | 1,490,493 |
Popular U.S. | Commercial | CRE owner occupied | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 1,197 |
2020 / 2019 | 1,191 | 1,079 |
2019 / 2018 | 0 | 6,095 |
Prior Years | 55,949 | 55,005 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 57,140 | 63,376 |
Popular U.S. | Commercial | CRE owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 3,886 |
2020 / 2019 | 3,860 | 0 |
2019 / 2018 | 6,192 | 0 |
Prior Years | 892 | 901 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 10,944 | 4,787 |
Popular U.S. | Commercial | CRE owner occupied | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 7,403 |
2019 / 2018 | 7,365 | 11,165 |
Prior Years | 45,975 | 33,586 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 53,340 | 52,154 |
Popular U.S. | Commercial | CRE owner occupied | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 47,027 | 363,655 |
2022 / 2021 | 361,856 | 422,959 |
2021 / 2020 | 417,522 | 114,988 |
2020 / 2019 | 114,090 | 82,971 |
2019 / 2018 | 77,271 | 119,565 |
Prior Years | 376,040 | 258,881 |
Revolving Loans Amortized Cost Basis | 5,854 | 7,157 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,399,660 | 1,370,176 |
Popular U.S. | Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 17,937 | 199,460 |
2022 / 2021 | 238,096 | 346,663 |
2021 / 2020 | 372,246 | 370,809 |
2020 / 2019 | 358,877 | 208,947 |
2019 / 2018 | 196,871 | 180,533 |
Prior Years | 542,257 | 378,409 |
Revolving Loans Amortized Cost Basis | 338,925 | 357,871 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,065,209 | 2,042,692 |
2023 / 2022 Gross writeoff | 257 | |
2022 / 2021 Gross writeoff | 218 | |
2021 / 2020 Gross writeoff | 1 | |
2020 / 2019 Gross writeoff | 8 | |
2019 / 2018 Gross writeoff | 13 | |
Prior Years Gross writeoff | 2 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 499 | |
Popular U.S. | Commercial | Commercial and Industrial | Watch | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 2,320 | 12,328 |
2022 / 2021 | 11,947 | 2,218 |
2021 / 2020 | 2,532 | 2,022 |
2020 / 2019 | 1,474 | 2,049 |
2019 / 2018 | 1,783 | 8,438 |
Prior Years | 8,747 | 532 |
Revolving Loans Amortized Cost Basis | 3,641 | 4,291 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 32,444 | 31,878 |
Popular U.S. | Commercial | Commercial and Industrial | Special Mention | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 1,262 |
2022 / 2021 | 1,174 | 1,130 |
2021 / 2020 | 1,296 | 314 |
2020 / 2019 | 279 | 244 |
2019 / 2018 | 267 | 60 |
Prior Years | 73 | 0 |
Revolving Loans Amortized Cost Basis | 3 | 3 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,092 | 3,013 |
Popular U.S. | Commercial | Commercial and Industrial | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 255 | 260 |
2022 / 2021 | 584 | 935 |
2021 / 2020 | 176 | 74 |
2020 / 2019 | 134 | 4,278 |
2019 / 2018 | 4,219 | 315 |
Prior Years | 2,089 | 1,829 |
Revolving Loans Amortized Cost Basis | 3,477 | 1,408 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 10,934 | 9,099 |
Popular U.S. | Commercial | Commercial and Industrial | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 292 |
2022 / 2021 | 55 | 525 |
2021 / 2020 | 0 | 1 |
2020 / 2019 | 38 | 75 |
2019 / 2018 | 315 | 192 |
Prior Years | 0 | 3 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 408 | 1,088 |
Popular U.S. | Commercial | Commercial and Industrial | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 15,362 | 185,318 |
2022 / 2021 | 224,336 | 341,855 |
2021 / 2020 | 368,242 | 368,398 |
2020 / 2019 | 356,952 | 202,301 |
2019 / 2018 | 190,287 | 171,528 |
Prior Years | 531,348 | 376,045 |
Revolving Loans Amortized Cost Basis | 331,804 | 352,169 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,018,331 | 1,997,614 |
Popular U.S. | Consumer | Credit card | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 21 | 39 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 21 | 39 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 0 | |
Revolving Loans Amortized Cost Basis - Writeoff | 1 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 1 | |
Popular U.S. | Consumer | Credit card | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 21 | 39 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 21 | 39 |
Popular U.S. | Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 10,918 | 11,319 |
Revolving Loans Amortized Cost Basis | 41,092 | 41,744 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 15,012 | 15,899 |
Total | 67,022 | 68,962 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 143 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 143 | |
Popular U.S. | Consumer | Home equity lines of credit | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 2,162 | 2,146 |
Revolving Loans Amortized Cost Basis | 20 | 20 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,551 | 1,402 |
Total | 3,733 | 3,568 |
Popular U.S. | Consumer | Home equity lines of credit | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 111 | 4 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 775 | 538 |
Total | 886 | 542 |
Popular U.S. | Consumer | Home equity lines of credit | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 8,645 | 9,169 |
Revolving Loans Amortized Cost Basis | 41,072 | 41,724 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 12,686 | 13,959 |
Total | 62,403 | 64,852 |
Popular U.S. | Consumer | Personal loans | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 20,044 | 165,774 |
2022 / 2021 | 148,383 | 46,774 |
2021 / 2020 | 40,315 | 7,488 |
2020 / 2019 | 5,887 | 13,681 |
2019 / 2018 | 10,483 | 2,091 |
Prior Years | 3,039 | 2,084 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 228,151 | 237,892 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 2,331 | |
2021 / 2020 Gross writeoff | 1,191 | |
2020 / 2019 Gross writeoff | 271 | |
2019 / 2018 Gross writeoff | 281 | |
Prior Years Gross writeoff | 96 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 4,170 | |
Popular U.S. | Consumer | Personal loans | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 621 |
2022 / 2021 | 1,035 | 454 |
2021 / 2020 | 226 | 149 |
2020 / 2019 | 86 | 238 |
2019 / 2018 | 175 | 70 |
Prior Years | 188 | 6 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,710 | 1,538 |
Popular U.S. | Consumer | Personal loans | Loss | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 93 | 0 |
2021 / 2020 | 107 | 0 |
2020 / 2019 | 45 | 0 |
2019 / 2018 | 23 | 0 |
Prior Years | 528 | 421 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 796 | 421 |
Popular U.S. | Consumer | Personal loans | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 20,044 | 165,153 |
2022 / 2021 | 147,255 | 46,320 |
2021 / 2020 | 39,982 | 7,339 |
2020 / 2019 | 5,756 | 13,443 |
2019 / 2018 | 10,285 | 2,021 |
Prior Years | 2,323 | 1,657 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 225,645 | 235,933 |
Popular U.S. | Consumer | Other | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 8,761 | 9,968 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 8,761 | 9,968 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 53 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 53 | |
Popular U.S. | Consumer | Other | Substandard | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 514 | 8 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 514 | 8 |
Popular U.S. | Consumer | Other | Pass | ||
Financing Receivable, Recorded Investment | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 8,247 | 9,960 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | $ 8,247 | $ 9,960 |
Allowance for credit losses -_7
Allowance for credit losses - Allowance for loan losses - Additional Information (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Financing Receivable | ||
Accumulated loans modified to borrowers under financial difficulties | $ 1,644,647 | |
Commercial | ||
Financing Receivable | ||
Accumulated loans modified to borrowers under financial difficulties | 324,425 | |
Outstanding commitments to lend additional funds to debtors owing receivables whose terms have been modified in troubled debt restructurings | $ 7,000 | $ 12,000 |
Mortgage banking activities (De
Mortgage banking activities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Mortgage servicing rights fair value adjustments | $ (1,376) | $ 1,017 |
Total trading account (loss) profit | 378 | (723) |
Total mortgage banking activities | 7,400 | 12,865 |
Mortgage banking activities | ||
Mortgage servicing fees | 8,689 | 9,323 |
Mortgage servicing rights fair value adjustments | (1,376) | 1,088 |
Total mortgage servicing fees, net of fair value adjustments | 7,313 | 10,411 |
Net (loss) gain on sale of loans, including valuation adjustments on loans held-for-sale | 263 | (1,534) |
Unrealized (losses) gains on outstanding derivative positions | (131) | 2 |
Realized gains (losses) on closed derivative positions | 56 | 4,135 |
Total trading account (loss) profit | (75) | 4,137 |
Losses on repurchased loans, including interest advances | (101) | (149) |
Total mortgage banking activities | $ 7,400 | $ 12,865 |
Transfers of financial assets_3
Transfers of financial assets and servicing assets - Initial fair value of assets obtained as proceeds from residential mortgage loans securitized (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | $ 11,244 | $ 145,111 |
Level 1 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Level 2 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 10,966 | 142,702 |
Level 3 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 278 | 2,409 |
Trading account debt securities | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 10,966 | 142,702 |
Trading account debt securities | Level 1 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Trading account debt securities | Level 2 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 10,966 | 142,702 |
Trading account debt securities | Level 3 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Trading account debt securities | GNMA | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 1,067 | 77,894 |
Trading account debt securities | GNMA | Level 1 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Trading account debt securities | GNMA | Level 2 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 1,067 | 77,894 |
Trading account debt securities | GNMA | Level 3 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Trading account debt securities | FNMA | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 9,899 | 57,690 |
Trading account debt securities | FNMA | Level 1 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Trading account debt securities | FNMA | Level 2 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 9,899 | 57,690 |
Trading account debt securities | FNMA | Level 3 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Trading account debt securities | FHLMC | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 7,118 | |
Trading account debt securities | FHLMC | Level 1 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | |
Trading account debt securities | FHLMC | Level 2 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 7,118 | |
Trading account debt securities | FHLMC | Level 3 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | |
Mortgage Servicing Rights | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 278 | 2,409 |
Mortgage Servicing Rights | Level 1 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Mortgage Servicing Rights | Level 2 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Mortgage Servicing Rights | Level 3 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | $ 278 | $ 2,409 |
Transfers of financial assets_4
Transfers of financial assets and servicing assets - Changes in MSRs measured using the fair value method (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Transfers and Servicing of Financial Assets | ||
Fair value at beginning of period | $ 128,350 | $ 121,570 |
Additions | 501 | 2,771 |
Changes due to payments of loans | (2,422) | (2,983) |
Reduction due to loan repurchases | (240) | (252) |
Changes in fair value due to changes in valuation model inputs or assumptions | 1,286 | 4,252 |
Fair value at end of period | $ 127,475 | $ 125,358 |
Transfers of financial assets_5
Transfers of financial assets and servicing assets - Changes in MSRs measured using the fair value method - Parenthetical (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Servicing Assets at Fair Value [Line Items] | ||||
Servicing asset at fair value amount | $ 127,475 | $ 128,350 | $ 125,358 | $ 121,570 |
PB | ||||
Servicing Assets at Fair Value [Line Items] | ||||
Servicing asset at fair value amount | $ 2,000 | $ 1,800 |
Transfers of financial assets_6
Transfers of financial assets and servicing assets - Key economic assumptions used (Details) - Residential Mortgage | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
BPPR | ||
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ||
Weighted average prepayment speed (annual rate) | 6.70% | 5.20% |
Weighted average life (in years) | 8 years 10 months 24 days | 9 years 4 months 24 days |
Discount rate (annual rate) | 9.50% | 10.30% |
PB | ||
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ||
Weighted average prepayment speed (annual rate) | 7.30% | 10% |
Weighted average life (in years) | 8 years | 6 years 10 months 24 days |
Discount rate (annual rate) | 10.50% | 10% |
Transfers of financial assets_7
Transfers of financial assets and servicing assets - Fair value of purchased and originated MSRs, valuation assumptions and sensitivity (Details) - Residential Mortgage - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Dec. 31, 2022 | |
Originated MSRs | ||
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items] | ||
Fair value of servicing rights | $ 41,143 | $ 41,548 |
Weighted average life (in years) | 6 years 8 months 12 days | 6 years 10 months 24 days |
Weighted average prepayment speed (annual rate) | 6% | 5.90% |
Impact on fair value of 10% adverse change | $ (707) | $ (730) |
Impact on fair value of 20% adverse change | $ (1,387) | $ (1,433) |
Weighted average discount rate (annual rate) | 11.30% | 11.20% |
Impact on fair value of 10% adverse change | $ (1,449) | $ (1,485) |
Impact on fair value of 20% adverse change | (2,806) | (2,876) |
Purchased MSRs | ||
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items] | ||
Fair value of servicing rights | $ 86,332 | $ 86,802 |
Weighted average life (in years) | 6 years 9 months 18 days | 6 years 10 months 24 days |
Weighted average prepayment speed (annual rate) | 7% | 7% |
Impact on fair value of 10% adverse change | $ (1,557) | $ (1,602) |
Impact on fair value of 20% adverse change | $ (3,056) | $ (3,143) |
Weighted average discount rate (annual rate) | 11% | 11% |
Impact on fair value of 10% adverse change | $ (3,192) | $ (3,256) |
Impact on fair value of 20% adverse change | $ (6,182) | $ (6,304) |
Transfers of financial assets_8
Transfers of financial assets and servicing assets - Additional Information (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Weighted average mortgage servicing fees | 0.31% | 0.31% | |
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Liabilities Incurred | $ 0 | $ 0 | |
Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transfer or Servicing Assets Or Liabilities Description Of Objectives Methodology And Limitations | The sensitivity analyses presented in the table above for servicing rights are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10 and 20 percent variation in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in the sensitivity tables included herein, the effect of a variation in a particular assumption on the fair value of the retained interest is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments and increased credit losses), which might magnify or counteract the sensitivities. | ||
Mortgage loans related to buy-back option program | $ 32,645,023,000 | $ 32,372,925,000 | |
Buy Back Option Program | |||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Mortgage loans related to buy-back option program | 7,000,000 | 14,000,000 | |
Loans with recourse | |||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Loans serviced | 600,000,000 | 600,000,000 | |
GNMA | |||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Repurchased loans | 18,000,000 | 19,000,000 | |
Residential Mortgage | |||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale | 100,000 | 1,100,000 | |
Mortgage loans related to buy-back option program | 1,600,000,000 | 1,600,000,000 | |
Residential Mortgage | Loans with recourse | |||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Loans serviced | 600,000,000 | 600,000,000 | |
Serviced mortgage loans | |||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Servicing rights on whole loan sales, principal balance | 10,000,000 | 19,000,000 | |
Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale | 200,000 | 200,000 | |
Loans serviced | 10,900,000,000 | $ 11,100,000,000 | |
Serviced mortgage loans | Loans with recourse | |||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Repurchased loans | $ 1,000,000 | $ 3,000,000 |
Other Real Estate Owned (Detail
Other Real Estate Owned (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Other Real Estate Owned Rollforward [Line Items] | ||
Balance at beginning of the period | $ 89,126 | $ 85,077 |
Write-downs in value | (945) | (692) |
Additions | 19,698 | 21,927 |
Sales | (16,040) | (15,523) |
Other adjustments | (118) | (222) |
Ending balance | 91,721 | 90,567 |
Mortgages | ||
Other Real Estate Owned Rollforward [Line Items] | ||
Balance at beginning of the period | 76,626 | 70,060 |
Write-downs in value | (751) | (328) |
Additions | 18,675 | 19,240 |
Sales | (15,099) | (13,543) |
Other adjustments | (118) | (330) |
Ending balance | 79,333 | 75,099 |
Commercial / Construction | ||
Other Real Estate Owned Rollforward [Line Items] | ||
Balance at beginning of the period | 12,500 | 15,017 |
Write-downs in value | (194) | (364) |
Additions | 1,023 | 2,687 |
Sales | (941) | (1,980) |
Other adjustments | 0 | 108 |
Ending balance | $ 12,388 | $ 15,468 |
Other assets (Details)
Other assets (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Other Assets Disclosure [Abstract] | ||
Net deferred tax assets (net of valuation allowance) | $ 907,689 | $ 953,676 |
Investments in equity method investees | 210,923 | 210,001 |
Prepaid taxes | 34,585 | 39,405 |
Other prepaid expenses | 32,131 | 33,384 |
Capitalized computer software costs | 80,097 | 81,862 |
Derivative assets | 19,365 | 19,229 |
Trades receivables from brokers and counterparties | 10,638 | 35,099 |
Receivables from investment maturities | 25,000 | 125,000 |
Principal, interest and escrow servicing advances | 56,952 | 41,916 |
Guaranteed mortgage loan claims receivable | 59,738 | 59,659 |
Operating ROU assets | 119,895 | 125,573 |
Finance ROU assets | 19,856 | 18,884 |
Others | 126,416 | 104,125 |
Total other assets | $ 1,703,285 | $ 1,847,813 |
Operating Lease Right Of Use Asset Statement Of Financial Position | Other assets | Other assets |
Finance Lease Right Of Use Asset Statement Of Financial Position | Other assets | Other assets |
Other Assets (Software package
Other Assets (Software package amortization) (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Other assets acquired [Line Items] | ||
Gross Carrying Amount | $ 80,097 | $ 81,862 |
Software Intangible assets | ||
Other assets acquired [Line Items] | ||
Gross Carrying Amount | 128,359 | 121,519 |
Accumulated Amortization | 48,262 | 39,657 |
Net Carrying Value | 80,097 | 81,862 |
Software Intangible assets | Software development costs | ||
Other assets acquired [Line Items] | ||
Gross Carrying Amount | 65,817 | 63,609 |
Accumulated Amortization | 19,930 | 16,803 |
Net Carrying Value | 45,887 | 46,806 |
Software Intangible assets | Software license costs | ||
Other assets acquired [Line Items] | ||
Gross Carrying Amount | 41,298 | 37,165 |
Accumulated Amortization | 18,658 | 14,164 |
Net Carrying Value | 22,640 | 23,001 |
Software Intangible assets | Cloud computing arrangements | ||
Other assets acquired [Line Items] | ||
Gross Carrying Amount | 21,244 | 20,745 |
Accumulated Amortization | 9,674 | 8,690 |
Net Carrying Value | $ 11,570 | $ 12,055 |
Other Assets (Sotware Amortizat
Other Assets (Sotware Amortization Expense) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Other assets acquired [Line Items] | ||
Amortization of intangibles | $ 795 | $ 891 |
Software Intangible assets | ||
Other assets acquired [Line Items] | ||
Amortization of intangibles | 15,975 | 12,713 |
Software development and license cost | Software Intangible assets | ||
Other assets acquired [Line Items] | ||
Amortization of intangibles | 14,991 | 11,755 |
Cloud computing arrangements | Software Intangible assets | ||
Other assets acquired [Line Items] | ||
Amortization of intangibles | $ 984 | $ 958 |
Goodwill and other intangible_3
Goodwill and other intangible assets - Gross amount of goodwill and accumulated impairment losses (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Goodwill [Line Items] | ||
Goodwill Gross | $ 1,004,640 | $ 1,004,640 |
Accumulated impairment losses | 177,212 | 177,212 |
Goodwill (net amounts) | 827,428 | 827,428 |
Banco Popular de Puerto Rico | ||
Goodwill [Line Items] | ||
Goodwill Gross | 440,184 | 440,184 |
Accumulated impairment losses | 3,801 | 3,801 |
Goodwill (net amounts) | 436,383 | 436,383 |
Popular U.S. | ||
Goodwill [Line Items] | ||
Goodwill Gross | 564,456 | 564,456 |
Accumulated impairment losses | 173,411 | 173,411 |
Goodwill (net amounts) | $ 391,045 | $ 391,045 |
Goodwill and other intangible_4
Goodwill and other intangible assets - Components of other intangible assets subject to amortization (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | $ 27,096 | $ 27,096 |
Accumulated Amortization | 15,707 | 14,912 |
Net Carrying Value | 11,389 | 12,184 |
Core deposits | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 12,810 | 12,810 |
Accumulated Amortization | 10,355 | 10,034 |
Net Carrying Value | 2,455 | 2,776 |
Other customer relationship | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 14,286 | 14,286 |
Accumulated Amortization | 5,352 | 4,878 |
Net Carrying Value | $ 8,934 | $ 9,408 |
Goodwill and other intangible_5
Goodwill and other intangible assets - Estimated amortization of the intangible assets with definite useful lives (Details) $ in Thousands | Mar. 31, 2023 USD ($) |
Goodwill and Intangible Assets Disclosure | |
Remaining 2023 | $ 2,384 |
Year 2024 | 2,938 |
Year 2025 | 1,750 |
Year 2026 | 1,440 |
Year 2027 | 959 |
Later years | $ 1,918 |
Goodwill and other intangible_6
Goodwill and other intangible assets - Additional Information (Details) - USD ($) | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Goodwill and Intangible Assets Disclosure [Line Items] | ||
Amortization Of Intangible Assets | $ 795,000 | $ 891,000 |
Goodwill increase decrease | $ 0 | $ 0 |
Deposits - total deposits (Deta
Deposits - total deposits (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Deposits [Abstract] | ||
Savings accounts | $ 15,168,450 | $ 14,746,329 |
NOW, money market and other interest bearing demand deposits | 22,438,462 | 23,738,940 |
Total savings, NOW, money market and other interest bearing demand deposits | 37,606,912 | 38,485,269 |
Certificates of deposit: | ||
Under $250,000 | 4,690,631 | 4,235,651 |
$250,000 and over | 2,715,495 | 2,545,750 |
Total certificates of deposit | 7,406,126 | 6,781,401 |
Total interest bearing deposits | 45,013,038 | 45,266,670 |
Noninterest Bearing Deposit Liabilities | 15,940,850 | 15,960,557 |
Total deposits | $ 60,953,888 | $ 61,227,227 |
Deposits - Summary of certifica
Deposits - Summary of certificates of deposit by maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Deposits [Abstract] | ||
2023 | $ 3,522,720 | |
2024 | 1,753,093 | |
2025 | 818,396 | |
2026 | 512,800 | |
2027 | 456,013 | |
2028 and thereafter | 343,104 | |
Total certificates of deposit | $ 7,406,126 | $ 6,781,401 |
Deposits - Additional Informati
Deposits - Additional Information (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Deposits [Abstract] | ||
Brokered deposits | $ 1,200,000 | $ 1,100,000 |
Overdrafts in demand deposit accounts reclassified to loans | 5,400 | 6,300 |
Deposit Liability [Line Items] | ||
Deposits | 60,953,888 | $ 61,227,227 |
Public sector | ||
Deposit Liability [Line Items] | ||
Deposits | $ 15,500,000 |
Borrowings - Repurchase agreeme
Borrowings - Repurchase agreements accounted for as secured borrowings (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | $ 123,499 | $ 148,609 |
Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 123,499 | 148,609 |
US Treasury Securities | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 47,916 | 48,670 |
US Treasury Securities | Within 30 days | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 17,521 | 410 |
US Treasury Securities | After 30 to 90 days | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 21,607 | 30,739 |
US Treasury Securities | After 90 days | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 8,788 | 17,521 |
Mortgage Backed Securities | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 75,371 | 99,775 |
Mortgage Backed Securities | Within 30 days | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 25,106 | 98,984 |
Mortgage Backed Securities | After 30 to 90 days | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 791 | 791 |
Mortgage Backed Securities | After 90 days | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 49,474 | 0 |
CMO | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 212 | 164 |
CMO | Within 30 days | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | $ 212 | $ 164 |
Borrowings - Notes payable (Det
Borrowings - Notes payable (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Debt Instrument [Line Items] | ||
Notes payable | $ 1,279,127 | $ 886,710 |
Advances with FHLB with maturities ranging from 2023 Through 2029 | ||
Debt Instrument [Line Items] | ||
FHLB advances | 388,282 | 389,282 |
Unsecured senior debt | Fixed Rate with maturities from 2023 to 2028 paying interest semiannually | ||
Debt Instrument [Line Items] | ||
Long Term Debt | 692,519 | 299,109 |
Junior subordinated debt | Fixed Rate with maturities on 2034 | ||
Debt Instrument [Line Items] | ||
Long Term Debt | $ 198,326 | $ 198,319 |
Borrowings - Notes payable -Par
Borrowings - Notes payable -Parenthetical (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2023 USD ($) | |
Advances with FHLB with maturities ranging from 2023 Through 2029 | |
Debt Instrument [Line Items] | |
Notes Payable Maturity Year Range Start | 2023 |
Notes Payable Maturity Year | 2029 |
Debt Instrument Frequency Of Periodic Payment | monthly |
Advances with FHLB with maturities ranging from 2023 Through 2029 | Minimum | |
Debt Instrument [Line Items] | |
Advances with the FHLB, interest rate | 0.39% |
Advances with FHLB with maturities ranging from 2023 Through 2029 | Maximum | |
Debt Instrument [Line Items] | |
Advances with the FHLB, interest rate | 3.18% |
Unsecured senior debt | Fixed Rate with maturities from 2023 to 2028 paying interest semiannually | |
Debt Instrument [Line Items] | |
Notes Payable Maturity Year Range Start | 2023 |
Notes Payable Maturity Year | 2028 |
Debt issuance costs | $ 7,481 |
Debt Instrument Frequency Of Periodic Payment | semiannually |
Unsecured senior debt | Fixed Rate with maturities from 2023 to 2028 paying interest semiannually | Minimum | |
Debt Instrument [Line Items] | |
Fixed interest rate percentage | 6.125% |
Unsecured senior debt | Fixed Rate with maturities from 2023 to 2028 paying interest semiannually | Maximum | |
Debt Instrument [Line Items] | |
Fixed interest rate percentage | 7.25% |
Junior subordinated debt | Fixed Rate with maturities on 2034 | |
Debt Instrument [Line Items] | |
Notes Payable Maturity Year | 2034 |
Debt issuance costs | $ 308 |
Junior subordinated debt | Fixed Rate with maturities on 2034 | Minimum | |
Debt Instrument [Line Items] | |
Fixed interest rate percentage | 6.125% |
Junior subordinated debt | Fixed Rate with maturities on 2034 | Maximum | |
Debt Instrument [Line Items] | |
Fixed interest rate percentage | 6.564% |
Borrowings - Borrowings by cont
Borrowings - Borrowings by contractual maturities (Details) $ in Thousands | Mar. 31, 2023 USD ($) |
Debt Instrument [Line Items] | |
2023 | $ 460,581 |
2024 | 96,548 |
2025 | 139,920 |
2026 | 74,500 |
Later years | 631,077 |
Total borrowings | 1,402,626 |
Assets sold under agreements to repurchase | |
Debt Instrument [Line Items] | |
2023 | 118,894 |
2024 | 4,605 |
2025 | 0 |
2026 | 0 |
Later years | 0 |
Total borrowings | 123,499 |
Notes payable | |
Debt Instrument [Line Items] | |
2023 | 341,687 |
2024 | 91,943 |
2025 | 139,920 |
2026 | 74,500 |
Later years | 631,077 |
Total borrowings | $ 1,279,127 |
Borrowings - Additional Informa
Borrowings - Additional Information (Details) - USD ($) | Mar. 31, 2023 | Dec. 31, 2022 |
Debt Instrument | ||
FHLB advances maximum amount available | $ 3,400,000,000 | $ 3,300,000,000 |
Federal Home Loan Bank Advances And Letters Of Credit Amount Used | 400,000,000 | 800,000,000 |
Assets sold under agreements to repurchase | 123,499,000 | 148,609,000 |
Other short-term borrowings | 0 | 365,000,000 |
Advances with FRB | ||
Debt Instrument | ||
Line Of Credit Facility Current Borrowing Capacity | 1,500,000,000 | 1,400,000,000 |
Federal Home Loan Bank | ||
Debt Instrument | ||
Line Of Credit Facility Capacity Available For Specific Purpose Other Than For Trade Purchases | 300,000,000 | 400,000,000 |
Other short-term borrowings | $ 0 | $ 365,000,000 |
Other Liabilities (Details)
Other Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Other Liabilities Disclosure [Abstract] | ||
Accrued expenses | $ 286,567 | $ 337,284 |
Accrued interest payable | 36,442 | 39,288 |
Accounts payable | 87,642 | 76,456 |
Dividends payable | 39,586 | 39,525 |
Trades payable | 402 | 9,461 |
Liability for GNMA loans sold with an option to repurchase | 7,086 | 14,271 |
Reserves for loan indemnifications | 6,472 | 7,520 |
Reserve for operational losses | 37,165 | 39,266 |
Operating lease liabilities | 131,438 | 137,290 |
Finance lease liabilities | 25,729 | 24,737 |
Pension benefit obligation | 7,544 | 8,290 |
Postretirement benefit obligation | 118,308 | 118,336 |
Other liabilities | 64,139 | 65,222 |
Total other liabilities | $ 848,520 | $ 916,946 |
Operating Lease Liability Statement Of Financial Position | Other liabilities | Other liabilities |
Finance Lease Liability Statement Of Financial Position | Other liabilities | Other liabilities |
Stockholders' equity - Common s
Stockholders' equity - Common stock - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | ||||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Stockholders Equity Note | |||||
Stockholders' equity | $ 4,470,725 | $ 4,671,246 | $ 4,093,425 | $ 5,969,397 | |
Cash dividends | $ 39,586 | $ 42,074 | [1] | ||
Dividends Declared per Common Share | $ 0.55 | $ 0.55 | |||
Dividend payable, to be paid date | Apr. 03, 2023 | ||||
Dividends payable, record date | Mar. 20, 2023 | ||||
[1] Dividends declared per common share during the quarter 0.55 0.55 ). |
Stockholders' equity - ASR - Ad
Stockholders' equity - ASR - Additional Information (Details) - Accelerate share repurchase - USD ($) $ / shares in Units, $ in Millions | 2 Months Ended | 6 Months Ended | |
Mar. 02, 2022 | Jul. 12, 2022 | Feb. 28, 2022 | |
Stockholders Equity Note | |||
Stock repurchase program authorized amount | $ 400 | ||
Accelerated share repurchases price paid per share | $ 78.9443 | ||
Initial shares received as part of an accelerated share repurchase program | 3,483,942 | ||
Additional common shares repurchased | 1,582,922 | ||
Common shares attributable to ASR | 5,066,864 | ||
Treasury stock | |||
Stockholders Equity Note | |||
Accelerated share repurchase adjustments | $ 320 | $ 120 | |
Capital surplus | |||
Stockholders Equity Note | |||
Accelerated share repurchase adjustments | $ (80) | $ 120 |
Other comprehensive income (los
Other comprehensive income (loss) - Change in accumulated other comprehensive income (loss) (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Foreign Currency Translation | |||
Beginning Balance | $ (56,735) | $ (67,307) | |
Other comprehensive loss | (5,245) | (2,858) | |
Net change | (5,245) | (2,858) | |
Ending Balance | (61,980) | (70,165) | |
Adjustment of pension and postretirement benefit plans | |||
Beginning Balance | (144,335) | (158,994) | |
Other comprehensive income (loss) before reclassification | 0 | 1,269 | |
Amounts reclassified from accumulated other comprehensive loss for amortization of net losses | 3,008 | 2,444 | |
Net change | 3,008 | 3,713 | |
Ending Balance | (141,327) | (155,281) | |
Unrealized net holding losses on debt securities | |||
Beginning Balance | (2,323,903) | (96,120) | |
Other comprehensive (loss) income before reclassifications | 191,752 | (1,075,830) | |
Amounts reclassified from accumulated other comprehensive loss for amortization of net unrealized losses of debt securities transferred from available-for-sale to held-to-maturity | 33,633 | 0 | |
Net change | 225,385 | (1,075,830) | |
Ending Balance | (2,098,518) | (1,171,950) | |
Unrealized net gains (losses) on cash flow hedges | |||
Beginning Balance | 45 | (2,648) | |
Other comprehensive (loss) income before reclassifications | (19) | 3,139 | |
Amounts reclassified from accumulated other comprehensive gains | (26) | (333) | |
Net change | (45) | 2,806 | |
Ending Balance | 0 | 158 | |
Accumulated other comprehensive loss, net of tax | $ (2,301,825) | $ (1,397,238) | $ (2,524,928) |
Other comprehensive income (l_2
Other comprehensive income (loss) - Reclassification out of accumulated other comprehensive income (Details) - Reclassification out of accumulated other comprehensive income - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||
Net of tax | $ (36,615) | $ (2,111) |
Pension and postretirement benefit plan | ||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||
Before Tax | (4,813) | (3,911) |
Income tax benefit | 1,805 | 1,467 |
Net of tax | (3,008) | (2,444) |
Pension and postretirement benefit plan | Other operating income | ||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||
Before Tax | (4,813) | (3,911) |
Gains (losses) on debt securities | ||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||
Before Tax | (42,040) | 0 |
Income tax benefit | 8,407 | 0 |
Net of tax | (33,633) | 0 |
Gains (losses) on debt securities | Investment securities | ||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||
Before Tax | (42,040) | 0 |
Cash flow hedge | ||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||
Before Tax | 41 | 699 |
Income tax benefit | (15) | (366) |
Net of tax | 26 | 333 |
Cash flow hedge | Forward contracts | Mortgage banking activities | ||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||
Before Tax | 41 | 978 |
Cash flow hedge | Interest rate swap | Other operating income | ||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||
Before Tax | $ 0 | $ (279) |
Guarantees - Changes from credi
Guarantees - Changes from credit recourses agreements (Details) - Guarantee on loans sold or serviced with credit recourse - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Guarantor Obligations [Line Items] | ||
Balance as of beginning of period | $ 6,897 | $ 11,800 |
Provision (benefit) for recourse liability | (654) | 46 |
Net charge-offs | (379) | (1,511) |
Balance as of end of period | $ 5,864 | $ 10,335 |
Guarantees - Credit recourse -
Guarantees - Credit recourse - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Guarantee on loans sold or serviced with credit recourse | ||||
Guarantor Obligations [Line Items] | ||||
Valuation allowances and reserves balance | $ 5,864 | $ 10,335 | $ 6,897 | $ 11,800 |
Serviced mortgage loans | ||||
Guarantor Obligations [Line Items] | ||||
Loans serviced | 10,900,000 | 11,100,000 | ||
Loans with recourse | ||||
Guarantor Obligations [Line Items] | ||||
Loans serviced | 600,000 | 600,000 | ||
Loans with recourse | Serviced mortgage loans | ||||
Guarantor Obligations [Line Items] | ||||
Repurchased loans | 1,000 | 3,000 | ||
Loans with recourse | Residential mortgage loans | ||||
Guarantor Obligations [Line Items] | ||||
Loans serviced | 600,000 | $ 600,000 | ||
Securitization | Guarantee on loans sold or serviced with representation and warranties | ||||
Guarantor Obligations [Line Items] | ||||
Repurchased loans | $ 134 | $ 927 |
Guarantees - Other Guarantees -
Guarantees - Other Guarantees - Additional Information (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Guarantor Obligations [Line Items] | ||
Funds Advanced To Investors Under Servicing Agreements | $ 56,952 | $ 41,916 |
Popular, Inc. Holding Co. | ||
Guarantor Obligations [Line Items] | ||
Wholly-owned subsidiary percentage | 100% | |
Popular, Inc. Holding Co. | Debt Securities Payable | ||
Guarantor Obligations [Line Items] | ||
Guarantees, unamortized balance of the obligations | $ 94,000 | 94,000 |
Financial Standby Letter Of Credit | ||
Guarantor Obligations [Line Items] | ||
Guarantees, unamortized balance of the obligations | 200 | 300 |
Guarantee Type, Other | Popular, Inc. Holding Co. | Capital securities (trust preferred securities) | ||
Guarantor Obligations [Line Items] | ||
Guarantees, unamortized balance of the obligations | 193,000 | 193,000 |
Indemnification Guarantee | Banco Popular de Puerto Rico | ||
Guarantor Obligations [Line Items] | ||
Liability for estimated credit loss related to loans sold or serviced | $ 600 | $ 600 |
Commitments and Contingencies -
Commitments and Contingencies - Financial instruments with off-Balance Sheet credit risk (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Commitments to extend credit | Credit card lines | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | $ 5,956,261 | $ 5,853,990 |
Commitments to extend credit | Commercial and construction lines of credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | 4,727,401 | 4,425,825 |
Commitments to extend credit | Other consumer unused credit commitments | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | 249,773 | 250,271 |
Commercial letters of credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | 1,982 | 3,351 |
Standby letters of credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | 28,938 | 27,868 |
Commitments to originate or fund mortgage loans | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | $ 36,662 | $ 45,170 |
Commitments and Contingencies_2
Commitments and Contingencies - Schedule of Direct Exposure to Puerto Rico Government by Maturity (Details) - PR Government direct exposure - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Dec. 31, 2022 | |
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | $ 323,886 | $ 327,000 |
Total concentration of risk | 352,886 | 374,000 |
Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 21,601 | 25,000 |
Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 302,285 | $ 302,000 |
From PR Central Government | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 41 | |
Total concentration of risk | 41 | |
From PR Central Government | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 41 | |
From PR Central Government | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 0 | |
From PR Central Government | After 1 to 5 years | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 10 | |
Total concentration of risk | 10 | |
From PR Central Government | After 1 to 5 years | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 10 | |
From PR Central Government | After 1 to 5 years | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 0 | |
From PR Central Government | After 5 to 10 years | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
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 [Line Items] | ||
Outstanding concentration of risk | 1 | |
From PR Central Government | After 5 to 10 years | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 0 | |
From PR Central Government | After 10 years | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 30 | |
Total concentration of risk | 30 | |
From PR Central Government | After 10 years | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 30 | |
From PR Central Government | After 10 years | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 0 | |
From Municipalities | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 323,845 | |
Total concentration of risk | 352,845 | |
From Municipalities | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 21,560 | |
From Municipalities | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 302,285 | |
From Municipalities | Within 1 year | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 24,973 | |
Total concentration of risk | 24,973 | |
From Municipalities | Within 1 year | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 4,730 | |
From Municipalities | Within 1 year | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 20,243 | |
From Municipalities | After 1 to 5 years | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 116,814 | |
Total concentration of risk | 145,814 | |
From Municipalities | After 1 to 5 years | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 15,805 | |
From Municipalities | After 1 to 5 years | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 101,009 | |
From Municipalities | After 5 to 10 years | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 132,227 | |
Total concentration of risk | 132,227 | |
From Municipalities | After 5 to 10 years | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 1,025 | |
From Municipalities | After 5 to 10 years | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 131,202 | |
From Municipalities | After 10 years | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 49,831 | |
Total concentration of risk | 49,831 | |
From Municipalities | After 10 years | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 0 | |
From Municipalities | After 10 years | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | $ 49,831 |
Commitments and contingencies_3
Commitments and contingencies - Commitments - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Dec. 31, 2022 | |
Commitments and Contingencies Disclosure [Line Items] | ||
Loans And Leases Receivable Gross Carrying Amount | $ 32,645,023 | $ 32,372,925 |
Commitments to extend credit | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Reserve of potential losses associated with unfunded loan commitments | 9,400 | 8,800 |
Noncredit commitment | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Investments | 4,800 | 4,800 |
Residential mortgage loans | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Loans And Leases Receivable Gross Carrying Amount | 1,600,000 | 1,600,000 |
Paycheck Protection Program | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Loans And Leases Receivable Gross Carrying Amount | 27,000 | 38,000 |
BVI | Retail and commerical loans | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Loans And Leases Receivable Gross Carrying Amount | 210,000 | 214,000 |
Insured or guaranteed by the U.S. Government or its agencies | Commercial Loans | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Loans And Leases Receivable Gross Carrying Amount | 73,000 | 72,000 |
PR Government direct exposure | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Outstanding concentration of risk | 323,886 | 327,000 |
Total concentration of risk | $ 352,886 | 374,000 |
Exposure Municipal Loans And Securities | 73% | |
PR Government direct exposure | Loans | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Outstanding concentration of risk | $ 302,285 | 302,000 |
PR Government direct exposure | Securities Investment | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Outstanding concentration of risk | 21,601 | 25,000 |
PR Government Indirect Exposure | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Outstanding concentration of risk | 245,000 | 251,000 |
Loans and Leases Receivable, Consumer, Mortgage with PRHA | 204,000 | 209,000 |
PR Government Indirect Exposure | PR Housing Bonds backed by second mortgage loans | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Outstanding concentration of risk | 41,000 | 42,000 |
USVI Government Direct Exposure | From USVI Government And Public Corporations | ||
Commitments and Contingencies Disclosure [Line Items] | ||
Total concentration of risk | $ 28,000 | $ 28,000 |
Commitments and contingencies_4
Commitments and contingencies - Legal Proceedings - Additional Information (Details) $ in Thousands | 1 Months Ended | 3 Months Ended | |
Oct. 28, 2021 USD ($) | Mar. 31, 2023 USD ($) claims | Jan. 27, 2022 USD ($) | |
Aggregate Arbitrations with Claimed Damages | Popular Securities | |||
Legal Matters And Contingencies [Line Items] | |||
Loss Contingency Pending Claims Number | claims | 8 | ||
Loss Contingency Damages Sought Value | $ 10,400 | ||
One arbitration with Claimed damages | Popular Securities | Trinidad Garcia v. Popular Inc et. al. | |||
Legal Matters And Contingencies [Line Items] | |||
Loss Contingency Damages Sought Value | $ 30,000 | ||
Litigation settlement amount awarded | $ 6,900 | ||
Damages sought amended | $ 390,000 | ||
Minimum | |||
Legal Matters And Contingencies [Line Items] | |||
Loss Contingency Range Of Possible Loss Portion Not Accrued | 0 | ||
Maximum | |||
Legal Matters And Contingencies [Line Items] | |||
Loss Contingency Range Of Possible Loss Portion Not Accrued | $ 16,040 |
Non-consolidated VIEs - Corpora
Non-consolidated VIEs - Corporation's VI in non-consolidated VIEs and max exposure to loss (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 |
Variable Interest Entity [Line Items] | |||
Assets | $ 67,675,759 | $ 67,637,917 | $ 69,525,082 |
Variable Interest Entity Not Primary Beneficiary | |||
Variable Interest Entity [Line Items] | |||
Assets | 104,126 | 105,771 | |
Maximum exposure to loss | 104,126 | 105,771 | |
Variable Interest Entity Not Primary Beneficiary | Servicing assets | |||
Variable Interest Entity [Line Items] | |||
Assets | 98,184 | 99,614 | |
Variable Interest Entity Not Primary Beneficiary | Mortgage servicing rights | |||
Variable Interest Entity [Line Items] | |||
Assets | 98,184 | 99,614 | |
Variable Interest Entity Not Primary Beneficiary | Other assets | |||
Variable Interest Entity [Line Items] | |||
Assets | 5,942 | 6,157 | |
Variable Interest Entity Not Primary Beneficiary | Servicing advances | |||
Variable Interest Entity [Line Items] | |||
Assets | $ 5,942 | $ 6,157 |
Non-consolidated variable int_3
Non-consolidated variable interest entities - Additional Information (Details) - Variable Interest Entity Not Primary Beneficiary [Member] $ in Billions | 3 Months Ended | |
Mar. 31, 2023 USD ($) NumberOfVIE | Dec. 31, 2022 USD ($) | |
Variable Interest Entity [Line Items] | ||
Number of VIEs | NumberOfVIE | 3 | |
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement | $ | $ 7.5 | $ 7.7 |
Related party transactions - Pr
Related party transactions - Proportionate share of income (loss) and changes in stockholder's equity from EVERTEC (Details) - EVERTEC Inc. $ in Thousands | 3 Months Ended |
Mar. 31, 2022 USD ($) | |
Related Party Transaction [Line Items] | |
Share of income from investment | $ 6,318 |
Share of other changes in stockholders equity | 1,787 |
Share of changes in equity recognized in income | $ 8,105 |
Related party transactions - Im
Related party transactions - Impact on the results of operations of transactions between the Corporation and EVERTEC (Details) - EVERTEC Inc. $ in Thousands | 3 Months Ended |
Mar. 31, 2022 USD ($) | |
Related Party Transaction [Line Items] | |
Related Party Transaction, Amounts of Transaction | $ (53,772) |
Interest Expense | |
Related Party Transaction [Line Items] | |
Interest Expense Related Party | (132) |
ATH and credit cards interchange income from services | |
Related Party Transaction [Line Items] | |
Related Party Transaction Revenues From Transactions With Related Party | 6,683 |
Rental income charged | |
Related Party Transaction [Line Items] | |
Related Party Transaction Revenues From Transactions With Related Party | 1,681 |
Processing fees on services provided | |
Related Party Transaction [Line Items] | |
Expenses from Transactions with related party | (62,222) |
Other services provided | |
Related Party Transaction [Line Items] | |
Related Party Transaction Revenues From Transactions With Related Party | $ 218 |
Related party transactions - Re
Related party transactions - Related party transactions with affiliated company - Equity Method - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Related Party Transaction [Line Items] | |||
Equity investment | $ 210,923 | $ 210,001 | |
Goodwill on acquisition | 827,428 | 827,428 | |
Return of capital from equity method investments | 249 | $ 0 | |
Information technology and data processing | 68,559 | 70,535 | |
EVERTEC Inc. | |||
Related Party Transaction [Line Items] | |||
Earnings from investments in equity method investees | 8,105 | ||
Return of capital from equity method investments | 600 | ||
BHD LEON | |||
Related Party Transaction [Line Items] | |||
Equity investment | 201,400 | $ 199,800 | |
Earnings from investments in equity method investees | $ 9,100 | $ 7,400 | |
BHD LEON | BHD LEON | |||
Related Party Transaction [Line Items] | |||
Ownership interest | 15.84% |
Related party transactions - _2
Related party transactions - Related party transactions with affiliated company - Additional Information 1 (Details) - Related Party With Investment Companies - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Related Party Transaction [Line Items] | ||
Administrative Fees | $ 0.6 | $ 0.7 |
Waived Fees | 0.2 | 0.3 |
Net fees | $ 0.4 | $ 0.4 |
Fair value measurement - Assets
Fair value measurement - Assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Assets | ||||
Debt securities available-for-sale | $ 17,173,128 | $ 17,804,374 | ||
Mortgage servicing rights | 127,475 | 128,350 | $ 125,358 | $ 121,570 |
US Treasury Securities | ||||
Assets | ||||
Debt securities available-for-sale | 10,634,747 | 11,180,948 | ||
Collateralized Mortgage Obligations - Federal agencies | ||||
Assets | ||||
Debt securities available-for-sale | 158,772 | 165,196 | ||
Mortgage Backed Securities | ||||
Assets | ||||
Debt securities available-for-sale | 6,378,560 | 6,457,170 | ||
Other | ||||
Assets | ||||
Debt securities available-for-sale | 1,049 | 1,060 | ||
Recurring | ||||
Assets | ||||
Debt securities available-for-sale | 17,173,128 | 17,804,374 | ||
Trading account debt securities, excluding derivatives | 29,823 | 27,723 | ||
Equity securities at fair value | 32,863 | 29,632 | ||
Mortgage servicing rights | 127,475 | 128,350 | ||
Loans held-for-sale | 11,181 | |||
Derivatives | 19,365 | 19,229 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 17,393,835 | 18,009,308 | ||
Liabilities | ||||
Derivatives | (17,115) | (17,000) | ||
Total | (17,115) | (17,000) | ||
Recurring | US Treasury Securities | ||||
Assets | ||||
Debt securities available-for-sale | 10,634,747 | 11,180,948 | ||
Trading account debt securities, excluding derivatives | 15,462 | 13,069 | ||
Recurring | Obligations of Puerto Rico, States and political subdivisions | ||||
Assets | ||||
Trading account debt securities, excluding derivatives | 62 | 64 | ||
Recurring | Collateralized Mortgage Obligations - Federal agencies | ||||
Assets | ||||
Debt securities available-for-sale | 158,772 | 165,196 | ||
Recurring | CMO | ||||
Assets | ||||
Trading account debt securities, excluding derivatives | 133 | 160 | ||
Recurring | Mortgage Backed Securities | ||||
Assets | ||||
Debt securities available-for-sale | 6,378,560 | 6,457,170 | ||
Trading account debt securities, excluding derivatives | 13,967 | 14,223 | ||
Recurring | Other | ||||
Assets | ||||
Debt securities available-for-sale | 1,049 | 1,060 | ||
Trading account debt securities, excluding derivatives | 199 | 207 | ||
Recurring | Level 1 | ||||
Assets | ||||
Debt securities available-for-sale | 1,865,470 | 1,908,589 | ||
Trading account debt securities, excluding derivatives | 15,462 | 13,069 | ||
Equity securities at fair value | 0 | 0 | ||
Mortgage servicing rights | 0 | 0 | ||
Loans held-for-sale | 0 | |||
Derivatives | 0 | 0 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 1,880,932 | 1,921,658 | ||
Liabilities | ||||
Derivatives | 0 | 0 | ||
Total | 0 | 0 | ||
Recurring | Level 1 | US Treasury Securities | ||||
Assets | ||||
Debt securities available-for-sale | 1,865,470 | 1,908,589 | ||
Trading account debt securities, excluding derivatives | 15,462 | 13,069 | ||
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 | 15,306,003 | 15,894,074 | ||
Trading account debt securities, excluding derivatives | 13,886 | 14,119 | ||
Equity securities at fair value | 32,545 | 29,302 | ||
Mortgage servicing rights | 0 | 0 | ||
Loans held-for-sale | 11,181 | |||
Derivatives | 19,365 | 19,229 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 15,382,980 | 15,956,724 | ||
Liabilities | ||||
Derivatives | (17,115) | (17,000) | ||
Total | (17,115) | (17,000) | ||
Recurring | Level 2 | US Treasury Securities | ||||
Assets | ||||
Debt securities available-for-sale | 8,769,277 | 9,272,359 | ||
Trading account debt securities, excluding derivatives | 0 | 0 | ||
Recurring | Level 2 | Obligations of Puerto Rico, States and political subdivisions | ||||
Assets | ||||
Trading account debt securities, excluding derivatives | 62 | 64 | ||
Recurring | Level 2 | Collateralized Mortgage Obligations - Federal agencies | ||||
Assets | ||||
Debt securities available-for-sale | 158,772 | 165,196 | ||
Recurring | Level 2 | CMO | ||||
Assets | ||||
Trading account debt securities, excluding derivatives | 45 | 47 | ||
Recurring | Level 2 | Mortgage Backed Securities | ||||
Assets | ||||
Debt securities available-for-sale | 6,377,905 | 6,456,459 | ||
Trading account debt securities, excluding derivatives | 13,779 | 14,008 | ||
Recurring | Level 2 | Other | ||||
Assets | ||||
Debt securities available-for-sale | 49 | 60 | ||
Trading account debt securities, excluding derivatives | 0 | 0 | ||
Recurring | Level 3 | ||||
Assets | ||||
Debt securities available-for-sale | 1,655 | 1,711 | ||
Trading account debt securities, excluding derivatives | 475 | 535 | ||
Equity securities at fair value | 0 | 0 | ||
Mortgage servicing rights | 127,475 | 128,350 | ||
Loans held-for-sale | 0 | |||
Derivatives | 0 | 0 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 129,605 | 130,596 | ||
Liabilities | ||||
Derivatives | 0 | 0 | ||
Total | 0 | 0 | ||
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 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 | 88 | 113 | 174 | |
Recurring | Level 3 | Mortgage Backed Securities | ||||
Assets | ||||
Debt securities available-for-sale | 655 | 711 | ||
Trading account debt securities, excluding derivatives | 188 | 215 | ||
Recurring | Level 3 | Other | ||||
Assets | ||||
Debt securities available-for-sale | 1,000 | 1,000 | ||
Trading account debt securities, excluding derivatives | 199 | 207 | $ 267 | |
Recurring | NAV | ||||
Assets | ||||
Debt securities available-for-sale | 0 | 0 | ||
Trading account debt securities, excluding derivatives | 0 | 0 | ||
Equity securities at fair value | 318 | 330 | ||
Mortgage servicing rights | 0 | 0 | ||
Loans held-for-sale | 0 | |||
Derivatives | 0 | 0 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 318 | 330 | ||
Liabilities | ||||
Derivatives | 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 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 - Loans
Fair value measurement - Loans held for sale at fair value (Details) - Level 2 $ in Thousands | Mar. 31, 2023 USD ($) |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Loans held for sale | $ 11,181 |
Aggregated unpaid principal balance | 11,116 |
Difference | $ 65 |
Fair value measurement - Asse_2
Fair value measurement - Assets measured at fair value on nonrecurring basis (Details) - Nonrecurring - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans | $ 1,629 | $ 4,891 |
Loans held-for-sales | 55,150 | |
Other real estate owned | 2,330 | 1,432 |
Other foreclosed assets | 15 | |
Total assets measured at fair value on non-recurring basis | 3,974 | 61,473 |
Loans - write-down | (3) | (180) |
Loans held-for-sale - write-down | (675) | |
Other real estate owned - write down | (628) | (495) |
Other foreclosed assets - write down | (4) | |
Total assets measured - write down | (635) | (1,350) |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans | 0 | 0 |
Loans held-for-sales | 0 | |
Other real estate owned | 0 | 0 |
Other foreclosed assets | 0 | |
Total assets measured at fair value on non-recurring basis | 0 | 0 |
Level 2 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans | 0 | 0 |
Loans held-for-sales | 0 | |
Other real estate owned | 0 | 0 |
Other foreclosed assets | 0 | |
Total assets measured at fair value on non-recurring basis | 0 | 0 |
Level 3 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans | 1,629 | 4,891 |
Loans held-for-sales | 55,150 | |
Other real estate owned | 2,330 | 1,432 |
Other foreclosed assets | 15 | |
Total assets measured at fair value on non-recurring basis | $ 3,974 | $ 61,473 |
Fair value measurement - Change
Fair value measurement - Changes in level 3 assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | $ 130,596 | $ 122,874 |
Gains (Losses) included in earnings | (1,385) | 1,003 |
Gains (losses) included in OCI | (6) | (8) |
Additions | 501 | 2,773 |
Settlements | (101) | (50) |
Ending Balance | 129,605 | 126,592 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 1,295 | 4,256 |
Liabilities, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 9,241 | |
Gains (Losses) included in earnings | 0 | |
Gains (losses) included in OCI | 0 | |
Additions | 0 | |
Settlements | 0 | |
Ending Balance | 9,241 | |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss | 0 | |
Contingent consideration | ||
Liabilities, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 9,241 | |
Gains (Losses) included in earnings | 0 | |
Gains (losses) included in OCI | 0 | |
Additions | 0 | |
Settlements | 0 | |
Ending Balance | 9,241 | |
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss | 0 | |
Debt securities available-for-sale | Mortgage Backed Securities | ||
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 711 | 826 |
Gains (Losses) included in earnings | 0 | 0 |
Gains (losses) included in OCI | (6) | (8) |
Additions | 0 | 0 |
Settlements | (50) | (25) |
Ending Balance | 655 | 793 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 0 | 0 |
Debt securities available-for-sale | Other | ||
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 1,000 | |
Gains (Losses) included in earnings | 0 | |
Gains (losses) included in OCI | 0 | |
Additions | 0 | |
Settlements | 0 | |
Ending Balance | 1,000 | |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 0 | |
Trading account debt securities | Mortgage Backed Securities | ||
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 215 | |
Gains (Losses) included in earnings | (1) | |
Gains (losses) included in OCI | 0 | |
Additions | 0 | |
Settlements | (26) | |
Ending Balance | 188 | |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 0 | |
Trading account debt securities | CMO | ||
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 113 | 198 |
Gains (Losses) included in earnings | 0 | (1) |
Gains (losses) included in OCI | 0 | 0 |
Additions | 0 | 2 |
Settlements | (25) | (25) |
Ending Balance | 88 | 174 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 0 | (1) |
Trading account debt securities | Other | ||
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 207 | 280 |
Gains (Losses) included in earnings | (8) | (13) |
Gains (losses) included in OCI | 0 | 0 |
Additions | 0 | 0 |
Settlements | 0 | 0 |
Ending Balance | 199 | 267 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 9 | 5 |
Mortgage Servicing Rights | ||
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 128,350 | 121,570 |
Gains (Losses) included in earnings | (1,376) | 1,017 |
Gains (losses) included in OCI | 0 | 0 |
Additions | 501 | 2,771 |
Settlements | 0 | 0 |
Ending Balance | 127,475 | 125,358 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | $ 1,286 | $ 4,252 |
Fair value measurement - Gains
Fair value measurement - Gains and losses (realized and unrealized) included in earnings for level 3 assets and liabilities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract | ||
Gain (loss) included in earnings | $ (1,385) | $ 1,003 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 1,295 | 4,256 |
Mortgage banking activities | ||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract | ||
Gain (loss) included in earnings | (1,376) | 1,017 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 1,286 | 4,252 |
Trading account (loss) profit | ||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract | ||
Gain (loss) included in earnings | (9) | (14) |
Changes in unrealized gains (losses) included in earnings relating to assets still held | $ 9 | $ 4 |
Fair value measurement - Quanti
Fair value measurement - Quantitative inputs level 3 (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Recurring | |||
Assets | |||
Trading Securities Debt | $ 29,823 | $ 27,723 | |
Recurring | CMO | |||
Assets | |||
Trading Securities Debt | 133 | 160 | |
Recurring | Other | |||
Assets | |||
Trading Securities Debt | 199 | 207 | |
Recurring | Level 3 | |||
Assets | |||
Trading Securities Debt | 475 | 535 | |
Recurring | Level 3 | CMO | |||
Assets | |||
Trading Securities Debt | $ 88 | $ 174 | 113 |
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Minimum | |||
Unobservable inputs | |||
Weighted average life (in years) | 1 month 6 days | 6 months | |
Yield | 4.90% | 3.90% | |
Weighted average prepayment speed (annual rate) | 8.30% | 0.10% | |
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Maximum | |||
Unobservable inputs | |||
Weighted average life (in years) | 6 months | 1 year | |
Yield | 5.40% | 4.50% | |
Weighted average prepayment speed (annual rate) | 27.80% | 15.70% | |
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Weighted Average | |||
Unobservable inputs | |||
Weighted average life (in years) | 3 months 18 days | 8 months 12 days | |
Yield | 4.90% | 3.90% | |
Weighted average prepayment speed (annual rate) | 9.20% | 8.40% | |
Recurring | Level 3 | Other | |||
Assets | |||
Trading Securities Debt | $ 199 | $ 267 | $ 207 |
Recurring | Level 3 | Other | Trading account debt securities | Discounted cash flow approach | |||
Unobservable inputs | |||
Weighted average life (in years) | 2 years 6 months | 2 years 10 months 24 days | |
Yield | 12% | 12% | |
Weighted average prepayment speed (annual rate) | 10.80% | 10.80% | |
Nonrecurring | Level 3 | Loan | |||
Assets | |||
Loans | $ 1,560 | $ 4,653 | |
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Weighted Average | |||
Unobservable inputs | |||
Haircut applied on external appraisal | 35% | 12.60% | |
Nonrecurring | Level 3 | Contingent consideration | |||
Assets | |||
Contingent consideration | $ (9,241) | ||
Nonrecurring | Level 3 | Contingent consideration | Probability weighted discounted cash flows | |||
Unobservable inputs | |||
Discount rate | 2.52% |
Fair value measurement - Additi
Fair value measurement - Additional Information (Details) | 3 Months Ended |
Mar. 31, 2023 USD ($) | |
Fair Value | |
Loans held for sale 90 days or more | $ 0 |
Mortgages | |
Fair Value | |
Fair value of mortgage loan held for sales | $ 70,000 |
Fair value of financial instr_3
Fair value of financial instruments - Carrying or notional amounts and estimated fair values for financial instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Financial Assets: | ||||
Cash and due from banks | $ 462,013 | $ 469,501 | ||
Money market investments | 6,098,288 | 5,614,595 | ||
Debt securities available-for-sale | 17,173,128 | 17,804,374 | ||
Debt securities held-to-maturity | 8,556,260 | 8,518,455 | ||
Equity securities: | ||||
Equity securities, at lower of cost or realizable value | 185,917 | 195,854 | ||
Loans held in portfolio | 31,649,253 | 31,357,467 | ||
Mortgage servicing rights | 127,475 | 128,350 | $ 125,358 | $ 121,570 |
Deposits | ||||
Time deposits | 7,406,126 | 6,781,401 | ||
Deposits | 60,953,888 | 61,227,227 | ||
Assets sold under agreements to repurchase | 123,499 | 148,609 | ||
Other short-term borrowings | 0 | 365,000 | ||
Notes payable: | ||||
Notes payable | 1,279,127 | 886,710 | ||
US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities available-for-sale | 10,634,747 | 11,180,948 | ||
Debt securities held-to-maturity | 8,494,652 | 8,453,467 | ||
Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 55,633 | 59,010 | ||
Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities available-for-sale | 158,772 | 165,196 | ||
Debt securities held-to-maturity | 16 | 19 | ||
Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 5,959 | 5,959 | ||
Other | ||||
Financial Assets: | ||||
Debt securities available-for-sale | 1,049 | 1,060 | ||
Carrying amount | ||||
Financial Assets: | ||||
Cash and due from banks | 462,013 | 469,501 | ||
Money market investments | 6,098,288 | 5,614,595 | ||
Trading account debt securities, excluding derivatives | 29,823 | 27,723 | ||
Debt securities available-for-sale | 17,173,128 | 17,804,374 | ||
Debt securities held-to-maturity | 8,556,260 | 8,518,455 | ||
Equity securities: | ||||
FHLB stock | 49,265 | 65,861 | ||
FRB stock | 99,134 | 96,206 | ||
Other investments | 37,518 | 33,787 | ||
Equity securities, at lower of cost or realizable value | 185,917 | 195,854 | ||
Loans held-for-sale | 11,181 | 5,381 | ||
Loans held in portfolio | 31,649,253 | 31,357,467 | ||
Mortgage servicing rights | 127,475 | 128,350 | ||
Derivatives | 19,365 | 19,229 | ||
Deposits | ||||
Demand deposits | 53,547,761 | 54,445,825 | ||
Time deposits | 7,406,127 | 6,781,402 | ||
Deposits | 60,953,888 | 61,227,227 | ||
Assets sold under agreements to repurchase | 123,499 | 148,609 | ||
Other short-term borrowings | 0 | 365,000 | ||
Notes payable: | ||||
FHLB advances | 388,282 | 389,282 | ||
Unsecured senior debt securities | 692,519 | 299,109 | ||
Junior subordinated deferrable interest debentures (related to trust preferred securities) | 198,326 | 198,319 | ||
Notes payable | 1,279,127 | 886,710 | ||
Derivatives | 17,115 | 17,000 | ||
Carrying amount | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 8,494,652 | 8,453,467 | ||
Carrying amount | Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 55,633 | 59,010 | ||
Carrying amount | Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 16 | 19 | ||
Carrying amount | Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 5,959 | 5,959 | ||
Fair Value | ||||
Financial Assets: | ||||
Cash and due from banks | 462,013 | 469,501 | ||
Money market investments | 6,098,288 | 5,614,595 | ||
Trading account debt securities, excluding derivatives | 29,823 | 27,723 | ||
Debt securities available-for-sale | 17,173,128 | 17,804,374 | ||
Debt securities held-to-maturity | 8,597,919 | 8,440,196 | ||
Equity securities: | ||||
FHLB stock | 49,265 | 65,861 | ||
FRB stock | 99,134 | 96,206 | ||
Other investments | 38,345 | 34,598 | ||
Equity securities, at lower of cost or realizable value | 186,744 | 196,665 | ||
Loans held-for-sale | 11,181 | 5,404 | ||
Loans held in portfolio | 30,066,069 | 29,366,365 | ||
Mortgage servicing rights | 127,475 | 128,350 | ||
Derivatives | 19,365 | 19,229 | ||
Deposits | ||||
Demand deposits | 53,547,761 | 54,445,825 | ||
Time deposits | 7,019,993 | 6,464,943 | ||
Deposits | 60,567,754 | 60,910,768 | ||
Assets sold under agreements to repurchase | 123,487 | 148,566 | ||
Other short-term borrowings | 0 | 365,000 | ||
Notes payable: | ||||
FHLB advances | 365,862 | 361,951 | ||
Unsecured senior debt securities | 693,253 | 300,027 | ||
Junior subordinated deferrable interest debentures (related to trust preferred securities) | 177,823 | 173,938 | ||
Notes payable | 1,236,938 | 835,916 | ||
Derivatives | 17,115 | 17,000 | ||
Fair Value | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 8,534,105 | 8,372,601 | ||
Fair Value | Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 57,839 | 61,617 | ||
Fair Value | Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 16 | 19 | ||
Fair Value | Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 5,959 | 5,959 | ||
Fair Value | Level 1 | ||||
Financial Assets: | ||||
Cash and due from banks | 462,013 | 469,501 | ||
Money market investments | 6,091,115 | 5,607,937 | ||
Trading account debt securities, excluding derivatives | 15,462 | 13,069 | ||
Debt securities available-for-sale | 1,865,470 | 1,908,589 | ||
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 | 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 | ||
Fair Value | Level 1 | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | Level 1 | Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | Level 1 | Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | Level 1 | Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | Level 2 | ||||
Financial Assets: | ||||
Cash and due from banks | 0 | 0 | ||
Money market investments | 7,173 | 6,658 | ||
Trading account debt securities, excluding derivatives | 13,886 | 14,119 | ||
Debt securities available-for-sale | 15,306,003 | 15,894,074 | ||
Debt securities held-to-maturity | 8,540,064 | 8,378,560 | ||
Equity securities: | ||||
FHLB stock | 49,265 | 65,861 | ||
FRB stock | 99,134 | 96,206 | ||
Other investments | 32,545 | 29,302 | ||
Equity securities, at lower of cost or realizable value | 180,944 | 191,369 | ||
Loans held-for-sale | 11,181 | 0 | ||
Loans held in portfolio | 0 | 0 | ||
Mortgage servicing rights | 0 | 0 | ||
Derivatives | 19,365 | 19,229 | ||
Deposits | ||||
Demand deposits | 53,547,761 | 54,445,825 | ||
Time deposits | 7,019,993 | 6,464,943 | ||
Deposits | 60,567,754 | 60,910,768 | ||
Assets sold under agreements to repurchase | 123,487 | 148,566 | ||
Other short-term borrowings | 0 | 365,000 | ||
Notes payable: | ||||
FHLB advances | 365,862 | 361,951 | ||
Unsecured senior debt securities | 693,253 | 300,027 | ||
Junior subordinated deferrable interest debentures (related to trust preferred securities) | 177,823 | 173,938 | ||
Notes payable | 1,236,938 | 835,916 | ||
Derivatives | 17,115 | 17,000 | ||
Fair Value | Level 2 | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 8,534,105 | 8,372,601 | ||
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 | 5,959 | 5,959 | ||
Fair Value | Level 3 | ||||
Financial Assets: | ||||
Cash and due from banks | 0 | 0 | ||
Money market investments | 0 | 0 | ||
Trading account debt securities, excluding derivatives | 475 | 535 | ||
Debt securities available-for-sale | 1,655 | 1,711 | ||
Debt securities held-to-maturity | 57,855 | 61,636 | ||
Equity securities: | ||||
FHLB stock | 0 | 0 | ||
FRB stock | 0 | 0 | ||
Other investments | 5,482 | 4,966 | ||
Equity securities, at lower of cost or realizable value | 5,482 | 4,966 | ||
Loans held-for-sale | 0 | 5,404 | ||
Loans held in portfolio | 30,066,069 | 29,366,365 | ||
Mortgage servicing rights | 127,475 | 128,350 | ||
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 | 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 | ||
Fair Value | Level 3 | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | Level 3 | Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 57,839 | 61,617 | ||
Fair Value | Level 3 | Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 16 | 19 | ||
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 | 318 | 330 | ||
Equity securities, at lower of cost or realizable value | 318 | 330 | ||
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 | 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 | ||
Fair Value | NAV | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | NAV | Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | NAV | Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | NAV | Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | $ 0 | $ 0 |
Fair Value of financial instr_4
Fair Value of financial instruments- Additional Information (Details) - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 |
Letter Of Credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fair Value Disclosure Off balance Sheet Risks Face Amount Asset | $ 31 | $ 31 |
Commitments to extend credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fair Value Disclosure Off balance Sheet Risks Face Amount Asset | $ 10,900 | $ 10,500 |
Net income per common share - C
Net income per common share - Computation of net income (loss) per common share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Earnings Per Share | ||
Net income | $ 158,979 | $ 211,686 |
Preferred stock dividends | (353) | (353) |
Net income applicable to common stock | $ 158,626 | $ 211,333 |
Average common shares outstanding | 71,541,778 | 78,443,706 |
Average potential dilutive common shares | 64,418 | 151,757 |
Average common shares outstanding - assuming dilution | 71,606,196 | 78,595,463 |
Basic EPS | $ 2.22 | $ 2.69 |
Diluted EPS | $ 2.22 | $ 2.69 |
Revenue from contracts with c_3
Revenue from contracts with customers - Revenue streams (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Service charges on deposit accounts | ||
Revenue from contract with customer | $ 34,678 | $ 40,713 |
BPPR | ||
Revenue from contract with customer | 104,526 | 101,747 |
BPPR | Service charges on deposit accounts | ||
Revenue from contract with customer | 32,152 | 37,985 |
BPPR | Debit card fees | ||
Revenue from contract with customer | 12,948 | 11,562 |
BPPR | Insurance fees, excluding reinsurance | ||
Revenue from contract with customer | 10,798 | 10,038 |
BPPR | Credit card fees excluding late fees and membership fees | ||
Revenue from contract with customer | 36,174 | 30,222 |
BPPR | Sale and administration of investment products | ||
Revenue from contract with customer | 6,558 | 5,791 |
BPPR | Trust fees | ||
Revenue from contract with customer | 5,896 | 6,149 |
Popular U.S. | ||
Revenue from contract with customer | 4,630 | 4,591 |
Popular U.S. | Service charges on deposit accounts | ||
Revenue from contract with customer | 2,526 | 2,728 |
Popular U.S. | Debit card fees | ||
Revenue from contract with customer | 218 | 217 |
Popular U.S. | Insurance fees, excluding reinsurance | ||
Revenue from contract with customer | 1,307 | 1,322 |
Popular U.S. | Credit card fees excluding late fees and membership fees | ||
Revenue from contract with customer | 579 | 324 |
Popular U.S. | Sale and administration of investment products | ||
Revenue from contract with customer | 0 | 0 |
Popular U.S. | Trust fees | ||
Revenue from contract with customer | $ 0 | $ 0 |
Revenue from contracts with c_4
Revenue from contracts with customers - Revenue streams - Parenthetical (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Intersegment Transaction | ||
Revenue From Contract With Customer Excluding Assessed Tax | $ 1.6 | $ 1.5 |
Leases - Future minimum payment
Leases - Future minimum payments (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Operating lease liabilities under Topic 842 | ||
Operating leases - 2023 | $ 22,345 | |
Operating leases - 2024 | 28,441 | |
Operating leases - 2025 | 25,514 | |
Operating leases - 2026 | 16,995 | |
Operating leases - 2027 | 11,769 | |
Operating leases - later years | 44,279 | |
Operating leases - Total | 149,343 | |
Less: Imputed interest | (17,905) | |
Operating lease liabilities | $ 131,438 | $ 137,290 |
Operating Lease Liability Statement Of Financial Position Extensible List | Other liabilities | Other liabilities |
Finance lease liabilities under Topic 842 | ||
Finance leases - 2023 | $ 3,404 | |
Finance leases - 2024 | 4,631 | |
Finance leases - 2025 | 4,743 | |
Finance leases - 2026 | 4,402 | |
Finance leases - 2027 | 2,468 | |
Finance leases - later years | 9,346 | |
Finance leases - Total | 28,994 | |
Less: imputed interest | (3,265) | |
Finance lease liabilities | $ 25,729 | $ 24,737 |
Finance Lease Liability Statement Of Financial Position Extensible List | Other liabilities | Other liabilities |
Leases - Lease cost (Details)
Leases - Lease cost (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Lease Cost [Abstract] | ||
Amortization of ROU assets | $ 824 | $ 759 |
Interest on lease liabilities | 296 | 308 |
Operating lease cost | 7,854 | 7,627 |
Short-term lease cost | 73 | 55 |
Variable lease cost | 56 | 23 |
Sublease Income | (9) | (9) |
Total lease cost | $ 9,094 | $ 8,763 |
Leases - Supplemental cash flow
Leases - Supplemental cash flow information and other related information (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Leases [Abstract] | ||
Operating cash flows from operating leases | $ 7,754 | $ 7,506 |
Operating cash flows from finance leases | 296 | 308 |
Financing cash flows from finance leases | 804 | 833 |
ROU assets obtained in exchange for new lease obligations - Operating leases | 967 | 1,553 |
ROU assets obtained in exchange for new lease obligations - Finance leases | $ 1,796 | $ 0 |
Weighted average remaining lease term - Operating leases | 7 years 3 months 18 days | 7 years 7 months 6 days |
Weighted average remaining lease term - Finance leases | 8 years 2 months 12 days | 8 years 8 months 12 days |
Weighted average discount rate - Operating leases | 3% | 2.80% |
Weighted average discount rate - Finance leases | 4.10% | 4.40% |
Leases - Additional Information
Leases - Additional Information (Details) $ in Millions | 3 Months Ended |
Mar. 31, 2023 USD ($) | |
Leases [Abstract] | |
Undiscounted contract amount operating leases not yet commenced | $ 6.8 |
Minimum | |
Lessee Lease Description [Line Items] | |
Remaining lease term of contract | 1 month 6 days |
Operating lease contract not yet commenced | 10 years |
Finance lease contract not yet commenced | 10 years |
Maximum | |
Lessee Lease Description [Line Items] | |
Remaining lease term of contract | 31 years 9 months 18 days |
Lessee remaining lease renewal term | 20 years |
Operating lease contract not yet commenced | 20 years |
Finance lease contract not yet commenced | 20 years |
Pension and postretirement be_3
Pension and postretirement benefit - Components of net periodic benefit cost (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Pension Plans | ||
Personnel costs: | ||
Service cost | $ 0 | $ 0 |
Other operating expenses | ||
Interest cost | 7,887 | 4,800 |
Expected return on plan assets | (8,591) | (8,847) |
Amortization of prior service cost/(credit) | 0 | 0 |
Amortization of net loss | 5,366 | 3,911 |
Total net periodic pension cost | 4,662 | (136) |
OPEB Plan | ||
Personnel costs: | ||
Service cost | 48 | 121 |
Other operating expenses | ||
Interest cost | 1,520 | 983 |
Expected return on plan assets | 0 | 0 |
Amortization of prior service cost/(credit) | 0 | 0 |
Amortization of net loss | (553) | 0 |
Total net periodic pension cost | $ 1,015 | $ 1,104 |
Pension and postretirement be_4
Pension and postretirement benefit - Contributions to the benefit plans (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2023 USD ($) | |
Pension Plans | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
Employer contribution | $ 57 |
Expected future employer contribution current year | 228 |
OPEB Plan | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
Employer contribution | 1,566 |
Expected future employer contribution current year | $ 5,924 |
Stock-based compensation - Summ
Stock-based compensation - Summary of incentive plan for members of management (Details) - Performance Based Shares - $ / shares | 3 Months Ended | 12 Months Ended |
Mar. 31, 2023 | Dec. 31, 2022 | |
Restricted Stock | ||
Non-vested at beginning of period | 281,963 | 321,883 |
Granted | 127,203 | 194,791 |
Performance Shares Quantity Adjustment | 5,674 | 6,947 |
Vested | (128,027) | (240,033) |
Forfeited | (12,375) | (1,625) |
Non-vested at end of period | 274,438 | 281,963 |
Weighted-Average Grant Date Fair Value | ||
Non-vested at beginning of period | $ 56.50 | $ 47.98 |
Granted | 74.29 | 84.29 |
Performance Shares Quantity Adjustment | 64.57 | 78.02 |
Vested | 68.60 | 66.11 |
Forfeited | 56.76 | 78.86 |
Non-vested at end of period | $ 58.48 | $ 56.50 |
Stock-based compensation - Su_2
Stock-based compensation - Summary of incentive plan for members of the Board of Directors (Details) - Restricted Stock Units (RSUs) - Directors - $ / shares | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
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 | 1,029 | 530 | 25,321 |
Vested | (1,029) | (25,321) | |
Forfeited | 0 | 0 | |
Non-vested at end of period | 0 | 0 | |
Weighted-Average Grant Date Fair Value | |||
Non-vested at beginning of period | $ 0 | $ 0 | $ 0 |
Granted | 65.57 | 77.48 | |
Vested | 65.57 | 77.48 | |
Forfeited | 0 | 0 | |
Non-vested at end of period | $ 0 | $ 0 |
Stock-based compensation - Addi
Stock-based compensation - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Minimum | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Vested and expected to vest range based on shareholder return | 50% | ||
Maximum | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Vested and expected to vest range based on shareholder return | 150% | ||
Restricted Stock Units (RSUs) | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Stock-Based Compensation, vesting rights | Unless otherwise stated in an agreement, the compensation cost associated with the shares of restricted stock granted prior to 2021 was determined based on a two-prong vesting schedule. The first part is vested ratably over five or four years commencing at the date of grant (“the graduated vesting portion”) and the second part is vested at termination of employment after attainment of 55 years of age and 10 years of service or 60 years of age and 5 years of service (“the retirement vesting portion”). The graduated vesting portion is accelerated at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service. Restricted stock granted on or after 2021 will vest ratably in equal annual installments over a period of 4 years or 3 years, depending on the classification of the employee. The vesting schedule is accelerated at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service. | ||
Restricted Stock Units (RSUs) | Executive Officers | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Stock granted | 69,488 | 52,584 | |
Restricted Stock Expense | $ 4,400 | $ 4,500 | |
Incentive award, tax benefit | 300 | $ 500 | |
Fair Market Value of stock vested at vesting date | 8,900 | ||
Windfall Net Of Shortfall | 1,100 | ||
Restricted Stock Units (RSUs) | Executive Officers | Share Vesting On Grant Date | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Fair Market Value of stock vested at vesting date | $ 5,800 | ||
Restricted Stock Units (RSUs) | Directors | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Stock granted | 1,029 | 530 | 25,321 |
Restricted Stock Expense | $ 67 | $ 44 | |
Incentive award, tax benefit | 13 | $ 8 | |
Fair Market Value of stock vested at vesting date | 67 | ||
Performance Based Shares | Executive Officers | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management | $ 11,400 | ||
Stock granted | 57,715 | 56,857 | |
Restricted Stock Expense | $ 3,600 | $ 3,700 | |
Incentive award, tax benefit | $ 100 | $ 300 | |
Stock-Based Compensation, vesting rights | The number of shares that will ultimately vest ranges from 50% to a 150% of target based on both market (TSR) and performance (ROATCE) conditions. The performance shares vest at the end of the three-year performance cycle. If a participant terminates employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service, the performance shares shall continue outstanding and vest at the end of the performance cycle. | ||
Performance Based Shares | Executive Officers | Weighted Average | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
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 8 months 19 days |
Income taxes - Differences betw
Income taxes - Differences between income tax expense (benefit) in Puerto Rico (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Amount | ||
Income tax expense | $ 46,314 | $ 50,479 |
PR | ||
Amount | ||
Computed income tax at statutory rates | 76,985 | 98,312 |
Net benefit of tax exempt interest income | (21,902) | (42,869) |
Effect of income subject to preferential tax rate | (855) | (3,945) |
Deferred tax asset valuation allowance | (4,565) | 3,891 |
Difference in tax rates due to multiple jurisdictions | (5,169) | (6,493) |
State and local taxes | 3,355 | 3,665 |
Other | (1,535) | (2,082) |
Income tax expense | $ 46,314 | $ 50,479 |
% of pre-tax income | ||
Computed income tax at statutory rates | 38% | 38% |
Net benefit of tax exempt interest income | (11.00%) | (16.00%) |
Effect of income subject to preferential tax rate | 0% | (2.00%) |
Deferred tax asset valuation allowance | (2.00%) | 1% |
Difference in tax rates due to multiple jurisdictions | (3.00%) | (2.00%) |
State and local taxes | 2% | 1% |
Others | (1.00%) | (1.00%) |
Income tax expense | 23% | 19% |
Income taxes - Components of de
Income taxes - Components of deferred tax assets and liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
Deferred tax assets: | ||
Tax credits available for carryforward | $ 4,987 | $ 3,042 |
Net operating loss and other carryforward available | 777,263 | 782,886 |
Postretirement and pension benefits | 47,039 | 47,122 |
Allowance for credit losses | 269,323 | 283,303 |
Depreciation | 12,290 | 12,281 |
FDIC-assisted transaction | 152,665 | 152,665 |
Lease liability | 50,422 | 51,811 |
Unrealized net loss on investment securities | 256,764 | 289,868 |
Difference in outside basis from pass-through entities | 32,800 | 40,602 |
Mortgage servicing rights | 13,012 | 13,711 |
Other temporary differences | 38,424 | 24,937 |
Total gross deferred tax assets | 1,654,989 | 1,702,228 |
Deferred tax liabilities: | ||
Intangibles | 137,518 | 135,797 |
Right of use assets | 44,953 | 46,277 |
Deferred loan origination fees/cost | 4,799 | 4,037 |
Loans acquired | 22,134 | 23,353 |
Other temporary differences | 6,581 | 1,531 |
Total gross deferred tax liabilities | 215,985 | 210,995 |
Valuation allowance | 534,488 | 540,196 |
Net deferred tax asset | 904,516 | 951,037 |
PR | ||
Deferred tax assets: | ||
Tax credits available for carryforward | 261 | 261 |
Net operating loss and other carryforward available | 121,758 | 121,742 |
Postretirement and pension benefits | 47,039 | 47,122 |
Allowance for credit losses | 238,695 | 250,615 |
Depreciation | 6,033 | 5,972 |
FDIC-assisted transaction | 152,665 | 152,665 |
Lease liability | 27,995 | 28,290 |
Unrealized net loss on investment securities | 235,932 | 265,955 |
Difference in outside basis from pass-through entities | 32,800 | 40,602 |
Mortgage servicing rights | 13,012 | 13,711 |
Other temporary differences | 29,835 | 17,122 |
Total gross deferred tax assets | 906,025 | 944,057 |
Deferred tax liabilities: | ||
Intangibles | 82,103 | 81,174 |
Right of use assets | 25,631 | 26,015 |
Deferred loan origination fees/cost | 1,804 | 1,076 |
Loans acquired | 22,134 | 23,353 |
Other temporary differences | 6,159 | 1,531 |
Total gross deferred tax liabilities | 137,831 | 133,149 |
Valuation allowance | 138,016 | 137,863 |
Net deferred tax asset | 630,178 | 673,045 |
US | ||
Deferred tax assets: | ||
Tax credits available for carryforward | 4,726 | 2,781 |
Net operating loss and other carryforward available | 655,505 | 661,144 |
Postretirement and pension benefits | 0 | 0 |
Allowance for credit losses | 30,628 | 32,688 |
Depreciation | 6,257 | 6,309 |
FDIC-assisted transaction | 0 | 0 |
Lease liability | 22,427 | 23,521 |
Unrealized net loss on investment securities | 20,832 | 23,913 |
Difference in outside basis from pass-through entities | 0 | 0 |
Mortgage servicing rights | 0 | 0 |
Other temporary differences | 8,589 | 7,815 |
Total gross deferred tax assets | 748,964 | 758,171 |
Deferred tax liabilities: | ||
Intangibles | 55,415 | 54,623 |
Right of use assets | 19,322 | 20,262 |
Deferred loan origination fees/cost | 2,995 | 2,961 |
Loans acquired | 0 | 0 |
Other temporary differences | 422 | 0 |
Total gross deferred tax liabilities | 78,154 | 77,846 |
Valuation allowance | 396,472 | 402,333 |
Net deferred tax asset | $ 274,338 | $ 277,992 |
Income taxes - Reconciliation o
Income taxes - Reconciliation of unrecognized tax benefits (Details) - USD ($) $ in Millions | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 |
Income Tax Disclosure | |||
Beginning Balance | $ 2.5 | $ 3.5 | $ 3.5 |
Ending Balance | $ 2.5 | $ 2.5 | $ 3.5 |
Income taxes - Additional Infor
Income taxes - Additional Information (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Income Taxes [Line Items] | |||
Valuation allowance | $ 534,488,000 | $ 540,196,000 | |
Net deferred tax assets (net of valuation allowance) | 907,689,000 | 953,676,000 | |
Net deferred tax asset | 904,516,000 | 951,037,000 | |
Unrecognized tax benefits, accrued interest | 2,600,000 | 2,600,000 | |
Recognized Tax Benefits Current Interest On Income Taxes Accrued | 56,000 | $ 83,000 | |
Accrual for the payment of penalties | 0 | 0 | |
Total amount of unrecognized tax benefits, that if recognized, would affect effective tax rate | 4,300,000 | 4,300,000 | |
Income tax expense | 46,314,000 | 50,479,000 | |
Other assets | |||
Income Taxes [Line Items] | |||
Net deferred tax assets (net of valuation allowance) | 900,000,000 | 1,000,000,000 | |
Other liabilities | |||
Income Taxes [Line Items] | |||
Net deferred tax liabilities | 3,200,000 | 2,600,000 | |
Popular, Inc Holding Co | |||
Income Taxes [Line Items] | |||
Valuation allowance | 138,000,000 | ||
PR | |||
Income Taxes [Line Items] | |||
Valuation allowance | 138,016,000 | 137,863,000 | |
Net deferred tax asset | 630,178,000 | 673,045,000 | |
Income tax expense | 46,314,000 | $ 50,479,000 | |
US | |||
Income Taxes [Line Items] | |||
Valuation allowance | 396,472,000 | 402,333,000 | |
Net deferred tax asset | 274,338,000 | $ 277,992,000 | |
Deferred Tax Assets | $ 671,000,000 |
Supplemental disclosure on th_3
Supplemental disclosure on the consolidated statments of cash flows - Non-cash activities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Non-cash activities: | ||
Loans transferred to other real estate | $ 18,367 | $ 18,647 |
Loans transferred to other property | 17,343 | 13,425 |
Total loans transferred to foreclosed assets | 35,710 | 32,072 |
Loans transfered to other assets | 2,778 | 2,228 |
Financed sales of other real estate assets | 3,203 | 2,109 |
Financed sales of other foreclosed assets | 13,232 | 9,384 |
Total financed sales of foreclosed assets | 16,435 | 11,493 |
Financed sale of premises and equipment | 14,105 | 11,738 |
Transfers from loans held-in-portfolio to loans held-for-sale | 2,475 | 7,607 |
Transfers from loans held-for-sale to loans held-in-portfolio | 1,500 | 786 |
Loans securitized into investment securities | 10,966 | 142,702 |
Trades receivables from brokers and counterparties | 10,307 | 60,186 |
Trades payable to brokers and counterparties | 402 | 10,710 |
Receivables from investments maturities | 99,620 | 0 |
Recognition of mortgage servicing rights on securitizations or asset transfers | 501 | 2,771 |
Loans booked under the GNMA buy-back option | 855 | 4,961 |
Capitalization of right of use asset | $ 2,699 | $ 3,689 |
Supplemental disclosure on th_4
Supplemental disclosure on the consolidated statments of cash flows - Cash and due from banks, and restricted cash (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Supplemental Cash Flow Information | ||||
Cash and due from banks | $ 427,160 | $ 381,658 | ||
Restricted cash and due from banks | 34,853 | 57,490 | ||
Restricted cash in money market investments | 7,173 | 6,300 | ||
Total cash and due from banks, and restricted cash | $ 469,186 | $ 476,159 | $ 445,448 | $ 434,512 |
Segment reporting - Results of
Segment reporting - Results of Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 | Mar. 31, 2022 | Dec. 31, 2022 | |
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | $ 531,656 | $ 494,312 | |
Provision for credit losses (benefit) | 47,637 | (15,500) | |
Non-interest Income | 161,961 | 154,692 | |
Amortization of intangibles | 795 | 891 | |
Depreciation expense | 13,842 | 13,630 | |
Other operating expenses | 426,050 | 387,818 | |
Income tax expense (benefit) | 46,314 | 50,479 | |
Net income (loss) | 158,979 | 211,686 | |
Segment assets | 67,675,759 | 69,525,082 | $ 67,637,917 |
Reportable Segment | |||
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | 539,907 | 501,690 | |
Provision for credit losses (benefit) | 47,773 | (15,709) | |
Non-interest Income | 153,719 | 141,679 | |
Amortization of intangibles | 795 | 891 | |
Depreciation expense | 13,483 | 13,341 | |
Other operating expenses | 426,896 | 388,381 | |
Income tax expense (benefit) | 46,808 | 50,908 | |
Net income (loss) | 157,871 | 205,557 | |
Segment assets | 67,376,464 | 69,120,175 | |
Intersegment Elimination | |||
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | 1 | 1 | |
Provision for credit losses (benefit) | 0 | 0 | |
Non-interest Income | (136) | (137) | |
Amortization of intangibles | 0 | 0 | |
Depreciation expense | 0 | 0 | |
Other operating expenses | (136) | (136) | |
Income tax expense (benefit) | 0 | 0 | |
Net income (loss) | 1 | 0 | |
Segment assets | (541,534) | (167,754) | |
Corporate | |||
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | (8,251) | (7,378) | |
Provision for credit losses (benefit) | (136) | 209 | |
Non-interest Income | 9,714 | 14,265 | |
Amortization of intangibles | 0 | 0 | |
Depreciation expense | 359 | 289 | |
Other operating expenses | 230 | 444 | |
Income tax expense (benefit) | (321) | (332) | |
Net income (loss) | 1,331 | 6,277 | |
Segment assets | 5,803,751 | 5,490,318 | |
Eliminations | |||
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | 0 | 0 | |
Provision for credit losses (benefit) | 0 | 0 | |
Non-interest Income | (1,472) | (1,252) | |
Amortization of intangibles | 0 | 0 | |
Depreciation expense | 0 | 0 | |
Other operating expenses | (1,076) | (1,007) | |
Income tax expense (benefit) | (173) | (97) | |
Net income (loss) | (223) | (148) | |
Segment assets | (5,504,456) | (5,085,411) | |
Banco Popular de Puerto Rico | Reportable Segment | |||
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | 449,820 | 415,169 | |
Provision for credit losses (benefit) | 45,708 | (13,690) | |
Non-interest Income | 147,471 | 135,862 | |
Amortization of intangibles | 484 | 484 | |
Depreciation expense | 11,669 | 11,517 | |
Other operating expenses | 363,715 | 334,878 | |
Income tax expense (benefit) | 42,832 | 39,316 | |
Net income (loss) | 132,883 | 178,526 | |
Segment assets | 55,770,442 | 58,708,519 | |
PB | Reportable Segment | |||
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | 90,086 | 86,520 | |
Provision for credit losses (benefit) | 2,065 | (2,019) | |
Non-interest Income | 6,384 | 5,954 | |
Amortization of intangibles | 311 | 407 | |
Depreciation expense | 1,814 | 1,824 | |
Other operating expenses | 63,317 | 53,639 | |
Income tax expense (benefit) | 3,976 | 11,592 | |
Net income (loss) | 24,987 | 27,031 | |
Segment assets | $ 12,147,556 | $ 10,579,410 |
Segment reporting - Geographic
Segment reporting - Geographic information (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2023 | Mar. 31, 2022 | |
Segment Reporting Information [Line Items] | ||
Net Revenue | $ 693,617 | $ 649,004 |
PR | ||
Segment Reporting Information [Line Items] | ||
Net Revenue | 547,903 | 527,673 |
US | ||
Segment Reporting Information [Line Items] | ||
Net Revenue | 125,045 | 103,174 |
Other | ||
Segment Reporting Information [Line Items] | ||
Net Revenue | $ 20,669 | $ 18,157 |
Segment reporting - Selected Ba
Segment reporting - Selected Balance Sheet information (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 |
Segment Reporting Information [Line Items] | |||
Assets | $ 67,675,759 | $ 67,637,917 | $ 69,525,082 |
Deposits | 60,953,888 | 61,227,227 | |
Puerto Rico | |||
Segment Reporting Information [Line Items] | |||
Assets | 52,973,724 | 53,541,427 | |
Loans | 20,970,708 | 20,884,442 | |
Deposits | 50,589,328 | 51,138,790 | |
Popular U.S. | |||
Segment Reporting Information [Line Items] | |||
Assets | 13,506,272 | 12,718,775 | |
Loans | 10,825,221 | 10,643,964 | |
Deposits | 8,630,394 | 8,182,702 | |
Other | |||
Segment Reporting Information [Line Items] | |||
Assets | 1,195,763 | 1,377,715 | |
Loans | 553,625 | 554,744 | |
Deposits | $ 1,734,166 | $ 1,905,735 |
Segment Reporting - Additional
Segment Reporting - Additional Information (Details) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2023 USD ($) units | Mar. 31, 2022 USD ($) | Dec. 31, 2022 USD ($) | |
Segment Reporting Information [Line Items] | |||
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 | $ 693,617 | $ 649,004 | |
Assets | 67,675,759 | 69,525,082 | $ 67,637,917 |
US | |||
Segment Reporting Information [Line Items] | |||
Net Revenue | 125,045 | 103,174 | |
Assets | 13,506,272 | 12,718,775 | |
Other | |||
Segment Reporting Information [Line Items] | |||
Net Revenue | 20,669 | 18,157 | |
Assets | 1,195,763 | 1,377,715 | |
Banco Popular de Puerto Rico | |||
Segment Reporting Information [Line Items] | |||
Bank loan origination | 316,000 | 294,000 | |
Banco Popular de Puerto Rico | US | |||
Segment Reporting Information [Line Items] | |||
Net Revenue | 25,400 | 12,000 | |
Assets | 1,400,000 | $ 1,200,000 | |
Banco Popular de Puerto Rico | Other | |||
Segment Reporting Information [Line Items] | |||
Net Revenue | $ 11,600 | $ 10,800 |