Cover Page
Cover Page - shares | 6 Months Ended | |
Jun. 30, 2023 | Aug. 07, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document quarterly report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2023 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q2 | |
Entity File Number | 001-34084 | |
Entity Registrant Name | POPULAR, INC. | |
Entity Incorporation State Country Code | PR | |
Entity Tax Identification Number | 66-0667416 | |
Entity Address Address Line 1 | Popular Center Building | |
Entity Address Address Line 2 | 209 Muñoz Rivera Avenue | |
Entity Address City Or Town | Hato Rey | |
Entity Address Country | PR | |
Entity Address Postal Zip Code | 00918 | |
City Area Code | 787 | |
Local Phone Number | 765-9800 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock Shares Outstanding | 72,127,733 | |
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 | Jun. 30, 2023 | Dec. 31, 2022 |
Assets: | ||
Cash and due from banks | $ 476,642 | $ 469,501 |
Money market investments: | ||
Time deposits with other banks | 8,593,476 | 5,614,595 |
Total money market investments | 8,593,476 | 5,614,595 |
Trading account debt securities, at fair value: | ||
Other trading account debt securities | 29,160 | 27,723 |
Debt securities available-for-sale, at fair value: | ||
Pledged securities with creditors' right to repledge | 104,564 | 129,203 |
Other debt securities available-for-sale | 17,137,653 | 17,675,171 |
Debt securities held-to-maturity, at amortized cost: | ||
Pledged securities with creditors' right to repledge | 26,543 | 26,496 |
Other debt securities held-to-maturity | 8,384,023 | 8,498,870 |
Debt securities held-to-maturity (fair value 2023 - $8,274,950; 2022 - $8,440,196) | 8,410,566 | 8,525,366 |
Less - Allowance for credit losses | 6,145 | 6,911 |
Debt securities held-to-maturity, net | 8,404,421 | 8,518,455 |
Equity securities (realizable value 2023 - $193,239; 2022 - $196,665) | 192,373 | 195,854 |
Loans held-for-sale, at fair value | 55,421 | 5,381 |
Loans held-in-portfolio | 33,354,999 | 32,372,925 |
Less - Unearned income | 324,077 | 295,156 |
Allowance for credit losses | 700,200 | 720,302 |
Total loans held-in-portfolio, net | 32,330,722 | 31,357,467 |
Premises and equipment, net | 523,927 | 498,711 |
Other real estate | 86,216 | 89,126 |
Accrued income receivable | 239,998 | 240,195 |
Mortgage servicing rights, at fair value | 121,249 | 128,350 |
Other assets | 1,703,662 | 1,847,813 |
Goodwill | 827,428 | 827,428 |
Other intangible assets | 11,354 | 12,944 |
Total assets | 70,838,266 | 67,637,917 |
Deposits: | ||
Non-interest bearing | 15,316,552 | 15,960,557 |
Interest bearing | 48,688,266 | 45,266,670 |
Total deposits | 64,004,818 | 61,227,227 |
Assets sold under agreements to repurchase | 123,205 | 148,609 |
Other short-term borrowings | 0 | 365,000 |
Notes payable | 1,304,049 | 886,710 |
Other liabilities | 841,185 | 916,946 |
Total liabilities | 66,273,257 | 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;104,712,430 shares issued (2022 - 104,657,522) and 72,103,969 shares outstanding (2022 - 71,853,720) | 1,047 | 1,047 |
Surplus | 4,795,581 | 4,790,993 |
Retained earnings | 4,093,284 | 3,834,348 |
Treasury stock - at cost, 32,608,461 shares (2022 - 32,803,802) | (2,018,611) | (2,030,178) |
Accumulated other comprehensive loss, net of tax | (2,328,435) | (2,524,928) |
Total stockholders' equity | 4,565,009 | 4,093,425 |
Total liabilities and stockholders' equity | $ 70,838,266 | $ 67,637,917 |
CONSOLIDATED STATEMENTS OF CO_2
CONSOLIDATED STATEMENTS OF CONDITION (PARENTHETICAL) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Held to maturity securities fair value | $ 8,274,950 | $ 8,440,196 |
Realizable Value Of Equity Securities | $ 193,239 | $ 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 | 104,712,430 | 104,657,522 |
Common Stock Shares Outstanding | 72,103,969 | 71,853,720 |
Treasury stock | 32,608,461 | 32,803,802 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Interest income: | ||||
Loans | $ 570,120 | $ 446,245 | $ 1,111,330 | $ 873,036 |
Money market investments | 100,775 | 23,742 | 166,499 | 30,206 |
Investment securities | 123,112 | 101,774 | 255,200 | 198,240 |
Total interest income | 794,007 | 571,761 | 1,533,029 | 1,101,482 |
Interest expense: | ||||
Deposits | 243,488 | 27,827 | 436,703 | 52,610 |
Short-term borrowings | 1,624 | 248 | 4,509 | 328 |
Long-term debt | 17,227 | 9,824 | 28,493 | 20,370 |
Total interest expense | 262,339 | 37,899 | 469,705 | 73,308 |
Net interest income | 531,668 | 533,862 | 1,063,324 | 1,028,174 |
Provision for credit losses (benefit) | 37,192 | 9,362 | 84,829 | (6,138) |
Net interest income after provision for credit losses (benefit) | 494,476 | 524,500 | 978,495 | 1,034,312 |
Mortgage banking activities | 2,316 | 13,575 | 9,716 | 26,440 |
Net gain (loss), including impairment on equity securities | 1,384 | (4,109) | 2,484 | (6,203) |
Net gain (loss) on trading account debt securities | 35 | 51 | 413 | (672) |
Adjustments to indemnity reserves on loans sold | (456) | 170 | 156 | (575) |
Other operating income | 25,146 | 24,464 | 52,863 | 52,006 |
Total non-interest income | 160,471 | 157,411 | 322,432 | 312,103 |
Operating expenses: | ||||
Personnel costs | 191,468 | 168,788 | 390,228 | 335,784 |
Net occupancy expenses | 27,165 | 26,214 | 53,204 | 50,937 |
Equipment expenses | 9,561 | 8,674 | 17,973 | 17,063 |
Other taxes | 16,409 | 15,780 | 32,700 | 31,495 |
Professional fees | 50,132 | 38,430 | 83,563 | 75,222 |
Technology and software expenses | 72,354 | 74,761 | 140,913 | 145,296 |
Processing and transactional services | 36,801 | 31,037 | 70,710 | 61,990 |
Communications | 4,175 | 3,497 | 8,263 | 7,170 |
Business promotion | 25,083 | 21,353 | 43,954 | 36,436 |
FDIC deposit insurance | 6,803 | 6,463 | 15,668 | 13,835 |
Other real estate owned (OREO) income | (3,314) | (7,806) | (5,008) | (10,519) |
Other operating expenses | 22,852 | 18,292 | 47,213 | 42,222 |
Amortization of intangibles | 795 | 795 | 1,590 | 1,686 |
Total operating expenses | 460,284 | 406,278 | 900,971 | 808,617 |
Income before income tax | 194,663 | 275,633 | 399,956 | 537,798 |
Income tax expense | 43,503 | 64,212 | 89,817 | 114,691 |
Net Income | 151,160 | 211,421 | 310,139 | 423,107 |
Net Income Applicable to Common Stock | $ 150,807 | $ 211,068 | $ 309,433 | $ 422,401 |
Net Income per Common Share - Basic | $ 2.10 | $ 2.77 | $ 4.32 | $ 5.46 |
Net Income per Common Share - Diluted | $ 2.10 | $ 2.77 | $ 4.32 | $ 5.46 |
Service charges on deposit accounts | ||||
Interest expense: | ||||
Revenue from contract with customer | $ 37,781 | $ 41,809 | $ 72,459 | $ 82,522 |
Other services | ||||
Interest expense: | ||||
Revenue from contract with customer | $ 94,265 | $ 81,451 | $ 184,341 | $ 158,585 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Statement of Income and Comprehensive Income | ||||
Net income | $ 151,160 | $ 211,421 | $ 310,139 | $ 423,107 |
Other comprehensive (loss) income before tax: | ||||
Foreign currency translation adjustment | 6,001 | 5,998 | 756 | 3,140 |
Adjustment of pension and postretirement benefit plans | 0 | 0 | 0 | 2,030 |
Amortization of net losses of pension and postretirement benefit plans | 4,813 | 3,911 | 9,626 | 7,822 |
Unrealized holding (losses) gains on debt securities arising during the period | (77,851) | (620,597) | 135,467 | (1,839,620) |
Amortization of unrealized losses of debt securities transfer from available-for-sale to held-to-maturity | 42,903 | 0 | 84,943 | 0 |
Unrealized net (losses) gains on cash flow hedges | 0 | (377) | (30) | 3,511 |
Reclassification adjustment for net gains included in net income | 0 | (880) | (41) | (1,579) |
Other comprehensive (loss) income before tax | (24,134) | (611,945) | 230,721 | (1,824,696) |
Income tax (expense) benefit | (2,476) | 56,167 | (34,228) | 196,749 |
Total other comprehensive (loss) income, net of tax | (26,610) | (555,778) | 196,493 | (1,627,947) |
Comprehensive income (loss), net of tax | $ 124,550 | $ (344,357) | $ 506,632 | $ (1,204,840) |
TAX EFFECT ALLOCATED TO EACH CO
TAX EFFECT ALLOCATED TO EACH COMPONENT OF OTHER COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Statement of Income and Comprehensive Income | ||||
Adjustment of pension and postretirement benefit plans | $ 0 | $ 0 | $ 0 | $ (761) |
Amortization of net losses of pension and postretirement benefit plans | (1,805) | (1,467) | (3,610) | (2,934) |
Unrealized holding (losses) gains on debt securities arising during the period | 7,910 | 57,177 | (13,656) | 200,370 |
Amortization of unrealized losses of debt securities transfer from available-for-sale to held-to-maturity | (8,581) | 0 | (16,988) | 0 |
Unrealized net (losses) gains on cash flow hedges | 0 | 45 | 11 | (704) |
Reclassification adjustment for net gains included in net income | 0 | 412 | 15 | 778 |
Income tax (expense) benefit | $ (2,476) | $ 56,167 | $ (34,228) | $ 196,749 |
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 | 423,107 | 423,107 | ||||||||
Issuance of stock | 2,735 | 2,735 | ||||||||
Dividends declared: | ||||||||||
Common stock | [1] | (84,195) | (84,195) | |||||||
Preferred stock | (706) | (706) | ||||||||
Common stock purchases | [2] | (406,295) | (80,000) | (326,295) | ||||||
Stock based compensation | 17,253 | 3,561 | 13,692 | |||||||
Other comprehensive (loss) income, net of tax | (1,627,947) | (1,627,947) | ||||||||
Ending balance at Jun. 30, 2022 | 4,293,349 | 1,046 | 22,143 | 4,576,478 | 3,311,951 | (1,665,253) | (1,953,016) | |||
Beginning balance at 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 | ||||||||||
Accounting Standards Update | ASU 2022-02 | ASU 2022-02 | ||||||||
Ending balance at Dec. 31, 2022 | 4,093,425 | $ 28,752 | 1,047 | 22,143 | 4,790,993 | 3,834,348 | $ 28,752 | (2,030,178) | (2,524,928) | |
Beginning balance at Mar. 31, 2022 | 4,671,246 | 1,046 | 22,143 | 4,571,111 | 3,143,004 | (1,668,820) | (1,397,238) | |||
Increase Decrease In Stockholders Equity | ||||||||||
Net income | 211,421 | 211,421 | ||||||||
Issuance of stock | 1,536 | 1,536 | ||||||||
Dividends declared: | ||||||||||
Common stock | [3] | (42,121) | (42,121) | |||||||
Preferred stock | (353) | (353) | ||||||||
Common stock purchases | (1,375) | (1,375) | ||||||||
Stock based compensation | 8,773 | 3,831 | 4,942 | |||||||
Other comprehensive (loss) income, net of tax | (555,778) | (555,778) | ||||||||
Ending balance at Jun. 30, 2022 | 4,293,349 | 1,046 | 22,143 | 4,576,478 | 3,311,951 | (1,665,253) | (1,953,016) | |||
Beginning balance at Dec. 31, 2022 | 4,093,425 | $ 28,752 | 1,047 | 22,143 | 4,790,993 | 3,834,348 | $ 28,752 | (2,030,178) | (2,524,928) | |
Increase Decrease In Stockholders Equity | ||||||||||
Net income | 310,139 | 310,139 | ||||||||
Issuance of stock | 3,117 | 3,117 | ||||||||
Dividends declared: | ||||||||||
Common stock | [1] | (79,249) | (79,249) | |||||||
Preferred stock | (706) | (706) | ||||||||
Common stock purchases | (4,241) | (4,241) | ||||||||
Stock based compensation | 17,279 | 1,471 | 15,808 | |||||||
Other comprehensive (loss) income, net of tax | 196,493 | 196,493 | ||||||||
Ending balance at Jun. 30, 2023 | 4,565,009 | 1,047 | 22,143 | 4,795,581 | 4,093,284 | (2,018,611) | (2,328,435) | |||
Beginning balance at Mar. 31, 2023 | 4,470,725 | 1,047 | 22,143 | 4,792,619 | 3,982,140 | (2,025,399) | (2,301,825) | |||
Increase Decrease In Stockholders Equity | ||||||||||
Net income | 151,160 | 151,160 | ||||||||
Issuance of stock | 1,550 | 1,550 | ||||||||
Dividends declared: | ||||||||||
Common stock | [3] | (39,663) | (39,663) | |||||||
Preferred stock | (353) | (353) | ||||||||
Common stock purchases | (1,271) | (1,271) | ||||||||
Stock based compensation | 9,471 | 1,412 | 8,059 | |||||||
Other comprehensive (loss) income, net of tax | (26,610) | (26,610) | ||||||||
Ending balance at Jun. 30, 2023 | $ 4,565,009 | $ 1,047 | $ 22,143 | $ 4,795,581 | $ 4,093,284 | $ (2,018,611) | $ (2,328,435) | |||
[1] Dividends declared per common share during the six months 1.10 1.10 ). During the six months ended June 30, 2022, the Corporation 400 its common stock, which was accounted for as a treasury Dividends declared per common share during the quarter 0.55 0.55 ). |
CONSOLIDATED STATEMENTS OF CH_2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Feb. 28, 2022 | |
Dividends Declared per Common Share | $ 0.55 | $ 0.55 | $ 1.10 | $ 1.10 | |
Accelerate share repurchase | |||||
Stock repurchase program authorized amount | $ 400 | $ 400 | $ 400 |
DISCLOSURE OF CHANGES IN NUMBER
DISCLOSURE OF CHANGES IN NUMBER OF SHARES - shares | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 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 | 54,908 | 34,774 |
Common stock - balance at end of period | 104,712,430 | 104,614,108 |
Treasury stock | (32,608,461) | (28,037,711) |
Common stock shares outstanding | 72,103,969 | 76,576,397 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Cash flows from operating activities: | ||
Net income | $ 310,139 | $ 423,107 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for credit losses (benefit) | 84,829 | (6,138) |
Amortization of intangibles | 1,590 | 1,686 |
Depreciation and amortization of premises and equipment | 27,957 | 27,354 |
Net accretion of discounts and amortization of premiums and deferred fees | 1,568 | 39,614 |
Interest capitalized on loans subject to the temporary payment moratorium or loss mitigation alternatives | (5,275) | (6,210) |
Share-based compensation | 13,331 | 13,175 |
Fair value adjustments on mortgage servicing rights | 8,342 | (3,275) |
Adjustments to indemnity reserves on loans sold | (156) | 575 |
Earnings from investments under the equity method, net of dividends or distributions | (6,540) | (12,616) |
Deferred income tax (benefit) expense | (1,007) | 37,322 |
(Gain) loss on: | ||
Disposition of premises and equipment and other productive assets | (5,643) | (2,970) |
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities | (202) | 1,498 |
Sale of foreclosed assets, including write-downs | (11,674) | (18,694) |
Acquisitions of loans held-for-sale | (6,153) | (103,192) |
Proceeds from sale of loans held-for-sale | 24,808 | 36,073 |
Net originations on loans held-for-sale | (45,005) | (158,691) |
Net decrease (increase) in: | ||
Trading debt securities | 17,484 | 273,265 |
Equity securities | (7,962) | 2,257 |
Accrued income receivable | 138 | (13,702) |
Other assets | 17,306 | 10,157 |
Net increase (decrease) in: | ||
Interest payable | 16,815 | (212) |
Pension and other postretirement benefits obligation | 7,983 | (1,411) |
Other liabilities | (91,321) | (47,640) |
Total adjustments | 41,213 | 68,225 |
Net cash provided by operating activities | 351,352 | 491,332 |
Cash flows from investing activities: | ||
Net (increase) decrease in money market investments | (2,979,482) | 7,850,071 |
Purchases of investment securities: | ||
Available-for-sale | (7,257,079) | (8,819,124) |
Held-to-maturity | (6,037) | (1,588,283) |
Equity | (15,999) | (5,500) |
Proceeds from calls, paydowns, maturities and redemptions of investment securities: | ||
Available-for-sale | 8,067,613 | 5,619,609 |
Held-to-maturity | 204,587 | 5,491 |
Proceeds from sale of investment securities: | ||
Equity | 27,442 | 17,350 |
Net disbursements on loans | (776,383) | (893,126) |
Proceeds from sale of loans | 40,759 | 43,353 |
Acquisition of loan portfolios | (322,512) | (288,589) |
Return of capital from equity method investments | 249 | 0 |
Acquisition of premises and equipment | (85,341) | (39,695) |
Proceeds from sale of: | ||
Premises and equipment and other productive assets | 3,200 | 1,975 |
Foreclosed assets | 57,226 | 54,997 |
Net cash (used in) provided by investing activities | (3,041,757) | 1,958,529 |
Net increase (decrease) in: | ||
Deposits | 2,754,305 | (1,668,448) |
Assets sold under agreements to repurchase | (25,405) | (20,678) |
Other short-term borrowings | (365,000) | (75,000) |
Payment of notes payable | (21,000) | (101,000) |
Principal payments of finance leases | (2,645) | (1,592) |
Proceeds from issuance of notes payable | 437,631 | 0 |
Proceeds from issuance of common stock | 3,117 | 2,735 |
Dividends paid | (79,816) | (78,718) |
Net payments for repurchase of common stock | (364) | (400,704) |
Payments related to tax witholding for share-based compensation | (3,877) | (5,591) |
Net cash provided by (used in) financing activities | 2,696,946 | (2,348,996) |
Net increase in cash and due from banks, and restricted cash | 6,541 | 100,865 |
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 | $ 482,700 | $ 535,377 |
Nature of operations
Nature of operations | 6 Months Ended |
Jun. 30, 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 | 6 Months Ended |
Jun. 30, 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 Quarter ended Six months ended 30-Jun-22 30-Jun-22 Financial statement line item As reported Adjustments Adjusted As reported Adjustments Adjusted Equipment expenses $ 25,088 $ (16,414) $ 8,674 48,567 (31,504) 17,063 Professional fees 114,872 (76,442) 38,430 223,369 (148,147) 75,222 Technology and - 74,761 74,761 - 145,296 145,296 Processing and transactional services - 31,037 31,037 - 61,990 61,990 Communications 5,993 (2,496) 3,497 12,140 (4,970) 7,170 Other operating expenses 28,738 (10,446) 18,292 64,887 (22,665) 42,222 Net effect on operating expenses $ 174,691 $ - $ 174,691 $ 348,963 $ - $ 348,963 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 | 6 Months Ended |
Jun. 30, 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 an 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 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. FASB ASU 2023-03, Presentation of Financial Statements (Topic 205), Income Statement— Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (505), and Compensation—Stock Compensation (Topic 718) The Update (“ASU”) 2023-03 in amends paragraphs conform guidance 14, and 6.B. July 2023 The the codifies previous guidance. FASB ASU 2023-04, Liabilities (Topic 405) The Update which amends SEC Topic disclosure Crypto-Assets platform users. August 2024 The the not users. 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 Prior Corporation will this amortization treatment associated leases. For other recently issued Accounting Standards included in the 2022 Form 10-K. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 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 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 | 6 Months Ended |
Jun. 30, 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 2.7 $ 2.8 balances. At June 64 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 | 6 Months Ended |
Jun. 30, 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 June 30, 2023 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 5,923,108 $ 738 $ 64,897 $ 5,858,949 3.17 % After 1 to 5 years 5,164,568 - 325,078 4,839,490 1.34 After 5 to 10 years 308,191 - 38,648 269,543 1.63 Total U.S. Treasury 11,395,867 738 428,623 10,967,982 2.30 Collateralized mortgage obligations - federal agencies After 1 to 5 years 21,581 - 1,416 20,165 1.53 After 5 to 10 years 22,328 - 1,871 20,457 1.96 After 10 years 118,716 21 11,307 107,430 2.57 Total collateralized 162,625 21 14,594 148,052 2.35 Mortgage-backed securities Within 1 year 2,049 - 48 2,001 3.39 After 1 to 5 years 74,177 7 4,006 70,178 2.36 After 5 to 10 years 818,545 27 61,887 756,685 2.20 After 10 years 6,420,939 606 1,125,259 5,296,286 1.63 Total mortgage-backed 7,315,710 640 1,191,200 6,125,150 1.70 Other After 1 to 5 years 1,034 - 1 1,033 3.99 Total other 1,034 - 1 1,033 3.99 Total debt securities [1] $ 18,875,236 $ 1,399 $ 1,634,418 $ 17,242,217 2.07 % [1] 12.9 servicing agreements that the secured parties are not permitted 11.9 public funds. 4.2 borrowing 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. Securities obligations, obligations, mortgage-backed securities be subject to prepayments or may be called There were no The aggregated by investment category and length of June 30, 2023 and December 31, 2022. At June 30, 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 $ 490,744 $ 11,327 $ 7,622,733 $ 417,296 $ 8,113,477 $ 428,623 Collateralized mortgage obligations - federal agencies 37,683 2,204 107,840 12,390 145,523 14,594 Mortgage-backed securities 171,299 10,042 5,916,052 1,181,158 6,087,351 1,191,200 Other 33 1 - - 33 1 Total debt securities $ 699,759 $ 23,574 $ 13,646,625 $ 1,610,844 $ 14,346,384 $ 1,634,418 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 1.6 by fixed-rate result of the rising interest rate environment. and obligations from the U.S. Government, its agencies or government sponsored entities, including FNMA, FHMLC and GNMA. As discussed in guarantee 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 the transfer. At the date of the transfer, 873 fair value each other through the remaining life of the securities. |
Debt securities held-to-maturit
Debt securities held-to-maturity | 6 Months Ended |
Jun. 30, 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, 2022. At June 30, 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 $ 598,603 $ 598,603 $ - $ 598,603 $ - $ 8,926 $ 589,677 2.55 % After 1 to 5 years 7,056,531 6,471,438 - 6,471,438 - 106,735 6,364,703 1.42 After 5 to 10 years 1,427,865 1,266,528 - 1,266,528 - 14,050 1,252,478 1.50 Total U.S. Treasury 9,082,999 8,336,569 - 8,336,569 - 129,711 8,206,858 1.51 Obligations of Puerto Rico, States and political subdivisions Within 1 year 4,730 4,730 12 4,718 12 5 4,725 6.14 After 1 to 5 years 20,282 20,282 195 20,087 95 156 20,026 3.74 After 5 to 10 years 1,025 1,025 33 992 33 - 1,025 5.80 After 10 years 40,434 40,434 5,905 34,529 3,172 2,801 34,900 1.41 Total obligations of political subdivisions 66,471 66,471 6,145 60,326 3,312 2,962 60,676 2.53 Collateralized mortgage obligations - federal agencies Within 1 year 16 16 - 16 - - 16 6.44 After 10 years 1,550 1,550 - 1,550 - 110 1,440 2.87 Total collateralized federal agencies 1,566 1,566 - 1,566 - 110 1,456 2.91 Securities in wholly owned statutory business trusts After 10 years 5,960 5,960 - 5,960 - - 5,960 6.33 Total securities business trusts 5,960 5,960 - 5,960 - - 5,960 6.33 Total debt securities $ 9,156,996 $ 8,410,566 $ 6,145 $ 8,404,421 $ 3,312 $ 132,783 $ 8,274,950 1.52 % [1] Book value includes $ 746 securities transferred from available-for-sale securities [2] Includes $ 7.4 Corporation had unpledged held-to-maturities securities with 934 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 Note guarantee Accordingly, the Corporation applies a zero-credit loss assumption and no ACL for At June 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. The these Financial Statements. The aggregated by the internally assigned standardized At June 30, 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 June 30, 2023, the portfolio of “Obligations of Puerto Rico, States 40 issued payment guarantee in 42 securities evaluating refreshed 66 % estimate was 709 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. At June 30, 2023, the 5 issued by zero -credit loss assumption for these securities, and no ACL has been established for these securities given that U.S. Treasury securities carry an explicit losses. Refer to Note 2 to the Consolidated Financial Delinquency status At June 30, 2023 and December 31, 2022, there were no Allowance for credit losses on debt securities held-to-maturity The following table provides the at June 30, 2023 and June 30, 2022: For the quarters ended June 30, 2023 2022 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 6,792 $ 7,844 Provision for credit losses (benefit) (647) (349) Securities charged-off - - Recoveries - - Ending balance $ 6,145 $ 7,495 For the six months ended June 30, 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) (766) (601) Securities charged-off - - Recoveries - - Ending balance $ 6,145 $ 7,495 The 0.3 securities issued by municipalities of 5.9 second mortgage loans on 0.3 6.6 31, 2022). |
Loans
Loans | 6 Months Ended |
Jun. 30, 2023 | |
Receivables | |
Loans | Note 8 – Loans For a the Consolidated Financial Statements included During the quarter loans amounting 96 172 0.3 0.6 loans of $ 45 72 purchases of $ 38 83 During the quarter loans amounting 71 153 1 4 consumer 123 214 Corporation recorded purchases of $ 23 The 17 27 during the 14 33 During participations amounting 34 36 43 million, respectively). Also, 1 (“GNMA”) mortgage-backed securities during 2022 77 155 13 23 million of mortgage six months ended June 38 95 no t securitize any mortgage loans into Federal Home Loan Mortgage Corporation (“FHLMC”) mortgage-backed securities during the six months ended June 30, 2023 (June 30, 1 9 Delinquency status The following tables present the and by loan class including those that are in non-performing status or that are accruing June 30, 2023 and December 31, 2022. June 30, 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 $ 3,778 $ 179 $ 184 $ 4,141 $ 292,736 $ 296,877 $ 184 $ - Commercial real estate: Non-owner occupied 177 512 22,942 23,631 2,882,616 2,906,247 22,942 - Owner occupied 1,241 700 35,832 37,773 1,390,285 1,428,058 35,832 - Commercial and industrial 2,597 728 32,846 36,171 4,002,652 4,038,823 29,758 3,088 Construction - 970 9,284 10,254 163,481 173,735 9,284 - Mortgage 221,187 88,955 449,930 760,072 5,408,216 6,168,288 194,219 255,711 Leasing 13,160 3,811 4,743 21,714 1,639,809 1,661,523 4,743 - Consumer: Credit cards 9,506 6,311 14,185 30,002 1,027,370 1,057,372 - 14,185 Home equity lines of credit - - - - 2,570 2,570 - - Personal 14,865 11,660 17,438 43,963 1,642,003 1,685,966 17,438 - Auto 75,879 18,422 36,204 130,505 3,435,028 3,565,533 36,204 - Other 512 274 1,901 2,687 132,605 135,292 1,735 166 Total $ 342,902 $ 132,522 $ 625,489 $ 1,100,913 $ 22,019,371 $ 23,120,284 $ 352,339 $ 273,150 June 30, 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 $ 3,137 $ - $ 418 $ 3,555 $ 2,031,067 $ 2,034,622 $ 418 $ - Commercial real estate: Non-owner occupied 632 - 119 751 1,837,258 1,838,009 119 - Owner occupied 1,806 - 5,095 6,901 1,606,439 1,613,340 5,095 - Commercial and industrial 2,464 1,738 6,155 10,357 2,201,967 2,212,324 5,978 177 Construction - - - - 646,168 646,168 - - Mortgage 1,101 5,435 14,577 21,113 1,259,677 1,280,790 14,577 - Consumer: Credit cards - - - - 17 17 - - Home equity lines of credit 464 49 4,252 4,765 61,105 65,870 4,252 - Personal 2,766 1,725 2,726 7,217 203,411 210,628 2,726 - Other - 154 - 154 8,716 8,870 - - Total $ 12,370 $ 9,101 $ 33,342 $ 54,813 $ 9,855,825 $ 9,910,638 $ 33,165 $ 177 June 30, 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 $ 6,915 $ 179 $ 602 $ 7,696 $ 2,323,803 $ 2,331,499 $ 602 $ - Commercial real estate: Non-owner occupied 809 512 23,061 24,382 4,719,874 4,744,256 23,061 - Owner occupied 3,047 700 40,927 44,674 2,996,724 3,041,398 40,927 - Commercial and industrial 5,061 2,466 39,001 46,528 6,204,619 6,251,147 35,736 3,265 Construction - 970 9,284 10,254 809,649 819,903 9,284 - Mortgage [1] 222,288 94,390 464,507 781,185 6,667,893 7,449,078 208,796 255,711 Leasing 13,160 3,811 4,743 21,714 1,639,809 1,661,523 4,743 - Consumer: Credit cards 9,506 6,311 14,185 30,002 1,027,387 1,057,389 - 14,185 Home equity lines of credit 464 49 4,252 4,765 63,675 68,440 4,252 - Personal 17,631 13,385 20,164 51,180 1,845,414 1,896,594 20,164 - Auto 75,879 18,422 36,204 130,505 3,435,028 3,565,533 36,204 - Other 512 428 1,901 2,841 141,321 144,162 1,735 166 Total $ 355,272 $ 141,623 $ 658,831 $ 1,155,726 $ 31,875,196 $ 33,030,922 $ 385,504 $ 273,327 [1] It is the Corporation’s policy to report delinquent residential the U.S. Department of Veterans Affairs repayment is insured. 133 longer accruing interest as of June 30, 2023. Furthermore, 39 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 $ 324 55 [3] Includes $ 11 .0 billion pledged to secure credit facilities and public of which $ 6.1 4.9 Bank ("FRB") for discount window borrowings. The Corporation Federal Reserve Bank of New York 3.4 3.1 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 June 2.0 2.0 FHA, or guaranteed by the VA of which $ 0.3 0.3 guaranteed loans includes $ 133 30, 2023 190 39 Rico 42 million). Loans with a 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: June 30, 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 $ - $ 184 $ - $ 418 $ - $ 602 Commercial real estate non-owner occupied 18,924 4,018 - 119 18,924 4,137 Commercial real estate owner occupied 24,420 11,412 5,095 - 29,515 11,412 Commercial and industrial 16,304 13,454 - 5,978 16,304 19,432 Construction - 9,284 - - - 9,284 Mortgage 103,821 90,398 503 14,074 104,324 104,472 Leasing 221 4,522 - - 221 4,522 Consumer: - - - 4,252 - 4,252 4,768 12,670 - 2,726 4,768 15,396 1,293 34,911 - - 1,293 34,911 263 1,472 - - 263 1,472 Total $ 170,014 $ 182,325 $ 5,598 $ 27,567 $ 175,612 $ 209,892 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 176 2022 - 177 4 June 30, 2023 (June 30, 2022 - $ 3 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 June 30, 2023 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total BPPR Commercial multi-family $ 1,303 $ - $ - $ - $ - $ 1,303 Commercial real estate: Non-owner occupied 178,349 - - - - 178,349 Owner occupied 31,318 - - - - 31,318 Commercial and industrial 1,094 - 20 7,524 18,792 27,430 Construction 14,706 - - - - 14,706 Mortgage 109,215 - - - - 109,215 Leasing - 1,028 - - - 1,028 Consumer: Personal 5,043 - - - - 5,043 Auto - 10,672 - - - 10,672 Other - - - - 312 312 Total BPPR $ 341,028 $ 11,700 $ 20 $ 7,524 $ 19,104 $ 379,376 Popular U.S. Commercial real estate: Owner occupied $ 5,095 $ - $ - $ - $ - $ 5,095 Commercial and industrial - - - - 3,628 3,628 Construction 4,700 - - - - 4,700 Mortgage 913 - - - - 913 Total Popular U.S. $ 10,708 $ - $ - $ - $ 3,628 $ 14,336 Popular, Inc. Commercial multi-family $ 1,303 $ - $ - $ - $ - $ 1,303 Commercial real estate: Non-owner occupied 178,349 - - - - 178,349 Owner occupied 36,413 - - - - 36,413 Commercial and industrial 1,094 - 20 7,524 22,420 31,058 Construction 19,406 - - - - 19,406 Mortgage 110,128 - - - - 110,128 Leasing - 1,028 - - - 1,028 Consumer: Personal 5,043 - - - - 5,043 Auto - 10,672 - - - 10,672 Other - - - - 312 312 Total Popular, $ 351,736 $ 11,700 $ 20 $ 7,524 $ 22,732 $ 393,712 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 acquisition, evidence of more than insignificant deterioration as follows: (In thousands) For the quarter ended June 30, 2023 For the six months ended June 30, 2023 Purchase price of loans at acquisition $ 277 $ 532 Allowance for credit losses at acquisition 10 78 Non-credit discount / (premium) at acquisition - 9 Par value of acquired loans at acquisition $ 287 $ 619 (In thousands) For the quarter ended June 30, 2022 For the six months ended June 30, 2022 Purchase price of loans at acquisition $ 591 $ 2,593 Allowance for credit losses at acquisition 170 782 Non-credit discount / (premium) at acquisition 26 125 Par value of acquired loans at acquisition $ 787 $ 3,500 |
Allowance for credit losses - l
Allowance for credit losses - loans held-in-portfolio | 6 Months Ended |
Jun. 30, 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 June Among the scenario given the quarterly basis lowered the scenario, 5.8 followed by the assumptions tied to the CECL accounting framework. These include the reasonable and supportable period as well as the reversion window. The respectively, compared to 2.1% and 1.3% improved to compared to 3.5% in the previous forecast. The following tables months ended June 30, 2023 and 2022. For the quarter ended June 30, 2023 BPPR Provision for Allowance for Net Write down Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balances Allowance for credit losses - loans: Commercial Commercial multi-family $ 4,756 $ 30 $ - $ - $ 1 $ - $ 4,787 Commercial real estate non-owner occupied 53,894 (98) - (609) 179 - 53,366 Commercial real estate owner occupied 46,009 (4,437) - (76) 405 - 41,901 Commercial and industrial 77,042 3,164 - (1,061) 2,492 - 81,637 Total Commercial 181,701 (1,341) - (1,746) 3,077 - 181,691 Construction 3,072 6,482 - - - - 9,554 Mortgage 89,077 (9,572) 10 (297) 3,681 - 82,899 Leasing 20,990 (5,470) - (2,540) 947 - 13,927 Consumer 67,953 10,558 - (8,457) 1,955 (601) 71,408 100 (29) - (35) 60 - 96 88,408 20,279 - (16,601) 3,960 - 96,046 130,829 5,909 - (8,099) 5,608 - 134,247 4,877 1,563 - (354) 154 - 6,240 Total Consumer 292,167 38,280 - (33,546) 11,737 (601) 308,037 Total - Loans $ 587,007 $ 28,379 $ 10 $ (38,129) $ 19,442 $ (601) $ 596,108 Allowance for credit losses - unfunded commitments: Commercial $ 4,900 $ 388 $ - $ - $ - $ - $ 5,288 Construction 1,946 1,164 - - - - 3,110 Ending balance - unfunded commitments [1] $ 6,846 $ 1,552 $ - $ - $ - $ - $ 8,398 [ 1 ] [1] Allowance for credit losses of unfunded commitments For the quarter ended June 30, 2023 Popular U.S. Provision for Beginning credit losses - Ending (In thousands) Balance (benefits) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 20,610 $ 781 $ - $ 1 $ 21,392 Commercial real estate non-owner occupied 17,956 328 - 66 18,350 Commercial real estate owner occupied 8,488 1,174 (177) 21 9,506 Commercial and industrial 15,224 4,524 (2,081) 347 18,014 Total Commercial 62,278 6,807 (2,258) 435 67,262 Construction 1,258 520 - - 1,778 Mortgage 15,400 (2,315) - 109 13,194 Consumer - - - - - 1,853 55 (52) 218 2,074 21,321 2,169 (4,287) 579 19,782 3 46 (47) - 2 Total Consumer 23,177 2,270 (4,386) 797 21,858 Total - Loans $ 102,113 $ 7,282 $ (6,644) $ 1,341 $ 104,092 Allowance for credit losses - unfunded commitments: Commercial $ 1,229 $ 119 $ - $ - $ 1,348 Construction 1,278 519 - - 1,797 Consumer 62 (12) - - 50 Ending balance - unfunded commitments [1] $ 2,569 $ 626 $ - $ - $ 3,195 [1] Allowance for credit losses of unfunded commitments is For the quarter ended June 30, 2023 Popular Inc. Provision for Allowance for Net Write Down 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 $ 25,366 $ 811 $ - $ - $ 2 $ - $ 26,179 Commercial real estate non-owner occupied 71,850 230 - (609) 245 - 71,716 Commercial real estate owner occupied 54,497 (3,263) - (253) 426 - 51,407 Commercial and industrial 92,266 7,688 - (3,142) 2,839 - 99,651 Total Commercial 243,979 5,466 - (4,004) 3,512 - 248,953 Construction 4,330 7,002 - - - - 11,332 Mortgage 104,477 (11,887) 10 (297) 3,790 - 96,093 Leasing 20,990 (5,470) - (2,540) 947 - 13,927 Consumer 67,953 10,558 - (8,457) 1,955 (601) 71,408 1,953 26 - (87) 278 - 2,170 109,729 22,448 - (20,888) 4,539 - 115,828 130,829 5,909 - (8,099) 5,608 - 134,247 4,880 1,609 - (401) 154 - 6,242 Total Consumer 315,344 40,550 - (37,932) 12,534 (601) 329,895 Total - Loans $ 689,120 $ 35,661 $ 10 $ (44,773) $ 20,783 $ (601) $ 700,200 Allowance for credit losses - unfunded commitments: Commercial $ 6,129 $ 507 $ - $ - $ - $ - $ 6,636 Construction 3,224 1,683 - - - - 4,907 Consumer 62 (12) - - - - 50 Ending balance - unfunded commitments [1] $ 9,415 $ 2,178 $ - $ - $ - $ - $ 11,593 [1] Allowance for credit losses of unfunded commitments is For the six months ended June 30, 2023 BPPR Impact of Provision for Allowance for Net write down Beginning Adopting credit losses credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-off Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 5,210 $ - $ (424) $ - $ - $ 1 $ - $ 4,787 Commercial real estate non-owner occupied 52,475 - 1,186 - (609) 314 - 53,366 Commercial real estate owner occupied 48,393 (1,161) (7,167) - (79) 1,915 - 41,901 Commercial and industrial 68,217 (552) 12,983 - (2,668) 3,657 - 81,637 Total Commercial 174,295 (1,713) 6,578 - (3,356) 5,887 - 181,691 Construction 2,978 - 6,576 - - - - 9,554 Mortgage 117,344 (33,556) (8,305) 78 (1,143) 8,481 - 82,899 Leasing 20,618 (35) (4,736) - (3,957) 2,037 - 13,927 Consumer 58,670 - 26,128 - (17,133) 4,344 (601) 71,408 103 - (68) - (68) 129 - 96 96,369 (7,020) 31,383 - (30,181) 5,495 - 96,046 129,735 (21) 14,228 - (20,217) 10,522 - 134,247 15,433 - 1,798 - (11,361) 370 - 6,240 Total Consumer 300,310 (7,041) 73,469 - (78,960) 20,860 (601) 308,037 Total - Loans $ 615,545 $ (42,345) $ 73,582 $ 78 $ (87,416) $ 37,265 $ (601) $ 596,108 Allowance for credit losses - unfunded commitments: Commercial $ 4,336 $ - $ 952 $ - $ - $ - $ - $ 5,288 Construction 2,022 - 1,088 - - - - 3,110 Ending balance - unfunded commitments [1] $ 6,358 $ - $ 2,040 $ - $ - $ - $ - $ 8,398 [1] Allowance for credit losses of unfunded commitments is For the six months ended June 30, 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 $ - $ 288 $ - $ 3 $ 21,392 Commercial real estate non-owner occupied 19,065 - (2,633) - 1,918 18,350 Commercial real estate owner occupied 8,688 - 950 (177) 45 9,506 Commercial and industrial 12,227 - 7,052 (2,580) 1,315 18,014 Total Commercial 61,081 - 5,657 (2,757) 3,281 67,262 Construction 1,268 - 510 - - 1,778 Mortgage 17,910 (2,098) (2,741) - 123 13,194 Consumer - - 1 (1) - - 2,439 - (657) (195) 487 2,074 22,057 (1,140) 6,360 (8,457) 962 19,782 2 - 95 (100) 5 2 Total Consumer 24,498 (1,140) 5,799 (8,753) 1,454 21,858 Total - Loans $ 104,757 $ (3,238) $ 9,225 $ (11,510) $ 4,858 $ 104,092 Allowance for credit losses - unfunded commitments: Commercial $ 1,175 $ - $ 173 $ - $ - $ 1,348 Construction 1,184 - 613 - - 1,797 Consumer 88 - (38) - - 50 Ending balance - unfunded commitments [1] $ 2,447 $ - $ 748 $ - $ - $ 3,195 [1] Allowance for credit losses of unfunded commitments is For the six months ended June 30, 2023 Popular Inc. Impact Provision for Allowance for Net write down 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 $ - $ (136) $ - $ - $ 4 $ - $ 26,179 Commercial real estate non-owner occupied 71,540 - (1,447) - (609) 2,232 - 71,716 Commercial real estate owner occupied 57,081 (1,161) (6,217) - (256) 1,960 - 51,407 Commercial and industrial 80,444 (552) 20,035 - (5,248) 4,972 - 99,651 Total Commercial 235,376 (1,713) 12,235 - (6,113) 9,168 - 248,953 Construction 4,246 - 7,086 - - - - 11,332 Mortgage 135,254 (35,654) (11,046) 78 (1,143) 8,604 - 96,093 Leasing 20,618 (35) (4,736) - (3,957) 2,037 - 13,927 Consumer 58,670 - 26,129 - (17,134) 4,344 (601) 71,408 2,542 - (725) - (263) 616 - 2,170 118,426 (8,160) 37,743 - (38,638) 6,457 - 115,828 129,735 (21) 14,228 - (20,217) 10,522 - 134,247 15,435 - 1,893 - (11,461) 375 - 6,242 Total Consumer 324,808 (8,181) 79,268 - (87,713) 22,314 (601) 329,895 Total - Loans $ 720,302 $ (45,583) $ 82,807 $ 78 $ (98,926) $ 42,123 $ (601) $ 700,200 Allowance for credit losses - unfunded commitments: Commercial $ 5,511 $ - $ 1,125 $ - $ - $ - $ - $ 6,636 Construction 3,206 - 1,701 - - - - 4,907 Consumer 88 - (38) - - - - 50 Ending balance - unfunded commitments [1] $ 8,805 $ - $ 2,788 $ - $ - $ - $ - $ 11,593 [1] Allowance for credit losses of unfunded commitments is For the quarter ended June 30, 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 $ 3,435 $ 87 $ - $ - $ - $ 3,522 Commercial real estate non-owner occupied 51,639 (1,909) - (30) 693 50,393 Commercial real estate owner occupied 47,027 1,622 - (835) 1,658 49,472 Commercial and industrial 43,370 4,864 - (457) 2,383 50,160 Total Commercial 145,471 4,664 - (1,322) 4,734 153,547 Construction 2,414 265 - - 395 3,074 Mortgage 131,362 (5,953) 170 (1,367) 5,818 130,030 Leasing 18,398 1,306 - (1,496) 829 19,037 Consumer 43,782 5,634 - (6,418) 2,341 45,339 86 (69) - (74) 147 90 67,554 13,601 - (8,248) 1,892 74,799 152,330 (12,716) - (6,650) 4,258 137,222 15,214 2,396 - (389) 218 17,439 Total Consumer 278,966 8,846 - (21,779) 8,856 274,889 Total - Loans $ 576,611 $ 9,128 $ 170 $ (25,964) $ 20,632 $ 580,577 Allowance for credit losses - unfunded commitments: Commercial $ 1,647 $ 385 $ - $ - $ - $ 2,032 Construction 1,924 (390) - - - 1,534 Ending balance - unfunded commitments [1] $ 3,571 $ (5) $ - $ - $ - $ 3,566 [1] Allowance for credit losses of unfunded commitments is For the quarter ended June 30, 2022 Popular U.S. Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 22,655 $ (2,089) $ - $ 5 $ 20,571 Commercial real estate non-owner occupied 15,398 (1,128) - 14 14,284 Commercial real estate owner occupied 10,001 (1,035) - 110 9,076 Commercial and industrial 11,118 1,300 (397) 131 12,152 Total Commercial 59,172 (2,952) (397) 260 56,083 Construction 4,125 (290) - 4 3,839 Mortgage 17,844 494 (68) 5 18,275 Consumer - (1) - 1 - 3,625 (642) (42) 514 3,455 16,411 4,087 (1,239) 261 19,520 4 37 (47) 7 1 Total Consumer 20,040 3,481 (1,328) 783 22,976 Total - Loans $ 101,181 $ 733 $ (1,793) $ 1,052 $ 101,173 Allowance for credit losses - unfunded commitments: Commercial $ 1,318 $ (1) $ - $ - $ 1,317 Construction 2,135 (174) - - 1,961 Consumer 30 30 - - 60 Ending balance - unfunded commitments [1] $ 3,483 $ (145) $ - $ - $ 3,338 [1] Allowance for credit losses of unfunded commitments is For the quarter ended June 30, 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 $ 26,090 $ (2,002) $ - $ - $ 5 $ 24,093 Commercial real estate non-owner occupied 67,037 (3,037) - (30) 707 64,677 Commercial real estate owner occupied 57,028 587 - (835) 1,768 58,548 Commercial and industrial 54,488 6,164 - (854) 2,514 62,312 Total Commercial 204,643 1,712 - (1,719) 4,994 209,630 Construction 6,539 (25) - - 399 6,913 Mortgage 149,206 (5,459) 170 (1,435) 5,823 148,305 Leasing 18,398 1,306 - (1,496) 829 19,037 Consumer 43,782 5,633 - (6,418) 2,342 45,339 3,711 (711) - (116) 661 3,545 83,965 17,688 - (9,487) 2,153 94,319 152,330 (12,716) - (6,650) 4,258 137,222 15,218 2,433 - (436) 225 17,440 Total Consumer 299,006 12,327 - (23,107) 9,639 297,865 Total - Loans $ 677,792 $ 9,861 $ 170 $ (27,757) $ 21,684 $ 681,750 Allowance for credit losses - unfunded commitments: Commercial $ 2,965 $ 384 $ - $ - $ - $ 3,349 Construction 4,059 (564) - - - 3,495 Consumer 30 30 - - - 60 Ending balance - unfunded commitments [1] $ 7,054 $ (150) $ - $ - $ - $ 6,904 [1] Allowance for credit losses of unfunded commitments is Condition. For the six months ended June 30, 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 $ 472 $ - $ - $ - $ 3,522 Commercial real estate non-owner occupied 45,211 4,335 - (30) 877 50,393 Commercial real estate owner occupied 54,176 (8,469) - (953) 4,718 49,472 Commercial and industrial 49,491 (2,361) - (866) 3,896 50,160 Total Commercial 151,928 (6,023) - (1,849) 9,491 153,547 Construction 1,641 622 - - 811 3,074 Mortgage 138,286 (16,481) 782 (2,688) 10,131 130,030 Leasing 17,578 1,692 - (1,903) 1,670 19,037 Consumer 43,499 9,335 - (12,101) 4,606 45,339 98 (85) - (164) 241 90 71,022 15,214 - (15,106) 3,669 74,799 154,498 (10,023) - (15,528) 8,275 137,222 15,612 2,216 - (945) 556 17,439 Total Consumer 284,729 16,657 - (43,844) 17,347 274,889 Total - Loans $ 594,162 $ (3,533) $ 782 $ (50,284) $ 39,450 $ 580,577 Allowance for credit losses - unfunded commitments: Commercial $ 1,751 $ 281 $ - $ - $ - $ 2,032 Construction 2,388 (854) - - - 1,534 Ending balance - unfunded commitments [1] $ 4,139 $ (573) $ - $ - $ - $ 3,566 [1] Allowance for credit losses of unfunded commitments is For the six months ended June 30, 2022 Popular U.S. Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 25,418 $ (4,859) $ - $ 12 $ 20,571 Commercial real estate non-owner occupied 22,246 (7,979) - 17 14,284 Commercial real estate owner occupied 6,053 2,801 - 222 9,076 Commercial and industrial 10,160 1,753 (524) 763 12,152 Total Commercial 63,877 (8,284) (524) 1,014 56,083 Construction 4,722 (2,015) - 1,132 3,839 Mortgage 16,192 2,126 (68) 25 18,275 Consumer - (10) - 10 - 3,708 (1,634) (52) 1,433 3,455 12,700 8,703 (2,457) 574 19,520 5 103 (124) 17 1 Total Consumer 16,413 7,162 (2,633) 2,034 22,976 Total - Loans $ 101,204 $ (1,011) $ (3,225) $ 4,205 $ 101,173 Allowance for credit losses - unfunded commitments: Commercial $ 1,384 $ (67) $ - $ - $ 1,317 Construction 2,337 (376) - - 1,961 Consumer 37 23 - - 60 Ending balance - unfunded commitments [1] $ 3,758 $ (420) $ - $ - $ 3,338 [1] Allowance for credit losses of unfunded commitments is For the six months ended June 30, 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 $ (4,387) $ - $ - $ 12 $ 24,093 Commercial real estate non-owner occupied 67,457 (3,644) - (30) 894 64,677 Commercial real estate owner occupied 60,229 (5,668) - (953) 4,940 58,548 Commercial and industrial 59,651 (608) - (1,390) 4,659 62,312 Total Commercial 215,805 (14,307) - (2,373) 10,505 209,630 Construction 6,363 (1,393) - - 1,943 6,913 Mortgage 154,478 (14,355) 782 (2,756) 10,156 148,305 Leasing 17,578 1,692 - (1,903) 1,670 19,037 Consumer 43,499 9,325 - (12,101) 4,616 45,339 3,806 (1,719) - (216) 1,674 3,545 83,722 23,917 - (17,563) 4,243 94,319 154,498 (10,023) - (15,528) 8,275 137,222 15,617 2,319 - (1,069) 573 17,440 Total Consumer 301,142 23,819 - (46,477) 19,381 297,865 Total - Loans $ 695,366 $ (4,544) $ 782 $ (53,509) $ 43,655 $ 681,750 Allowance for credit losses - unfunded commitments: Commercial $ 3,135 $ 214 $ - $ - $ - $ 3,349 Construction 4,725 (1,230) - - - 3,495 Consumer 37 23 - - - 60 Ending balance - unfunded commitments [1] $ 7,897 $ (993) $ - $ - $ - $ 6,904 [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 period ended at June 30, 2023 amounted 5 The following tables show the amortized cost basis of the loans modified to borrowers experiencing financial difficulties at the end of the reporting period ended June upon by period end are not reported. Loan Modifications Made to Borrowers Experiencing Financial Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Consumer: $ 222 0.02 % $ - - % $ 222 0.02 % 196 0.01 % 3 - % 199 0.01 % Total $ 418 - % $ 3 - % $ 421 - % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 24,978 0.86 % $ - - % $ 24,978 0.53 % CRE owner occupied 1,434 0.10 % 15,715 0.97 % 17,149 0.56 % Commercial and industrial 21,610 0.54 % - - % 21,610 0.35 % Construction 5,422 3.12 % - - % 5,422 0.66 % Mortgage 10,694 0.17 % 2,676 0.21 % 13,370 0.18 % Consumer: 48 - % 113 0.05 % 161 0.01 % 38 - % - - % 38 - % Total $ 64,224 0.28 % $ 18,504 0.19 % $ 82,728 0.25 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE owner occupied $ 748 0.05 % $ - - % $ 748 0.02 % Mortgage 137 - % - - % 137 - % Total $ 885 - % $ - - % $ 885 - % Combination - Term extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Commercial and industrial $ 58 - % $ - - % $ 58 - % Mortgage 11,372 0.18 % 81 0.01 % 11,453 0.15 % Consumer: 489 0.03 % - - % 489 0.03 % Total $ 11,919 0.05 % $ 81 - % $ 12,000 0.04 % Combination - Puerto Rico Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Commercial and industrial $ 78 0.00% $ - - $ 78 0.00% Consumer: 190 0.02% - - 190 0.02% Total $ 268 0.00% $ - - $ 268 0.00% Loan Modifications Made to Borrowers Experiencing Financial Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Mortgage $ 226 - % $ - - % $ 226 - % Consumer: 427 0.04 % - - % 427 0.04 % 313 0.02 % 3 - % 316 0.02 % 3 - % - - % 3 - % Total $ 969 - % $ 3 - % $ 972 - % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 24,978 0.86 % $ - - % $ 24,978 0.53 % CRE owner occupied 3,159 0.22 % 15,715 0.97 % 18,874 0.62 % Commercial and industrial 25,069 0.62 % - - % 25,069 0.40 % Construction 5,422 3.12 % 4,700 0.73 % 10,122 1.23 % Mortgage 25,100 0.41 % 4,515 0.35 % 29,615 0.40 % Consumer: 74 - % 165 0.08 % 239 0.01 % 38 - % - - % 38 - % Total $ 83,840 0.36 % $ 25,095 0.25 % $ 108,935 0.33 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 1,743 0.06 % $ - - % $ 1,743 0.04 % CRE owner occupied 13,812 0.97 % 13,650 0.85 % 27,462 0.90 % Commercial and industrial 1,395 0.03 % 822 0.04 % 2,217 0.04 % Mortgage 137 - % - - % 137 - % Total $ 17,087 0.07 % $ 14,472 0.15 % $ 31,559 0.10 % Combination - Term extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE owner occupied $ 101 0.01 % $ - - % $ 101 0.01 % Commercial and industrial 58 - % - - % 58 - % Mortgage 21,805 0.35 % 408 0.03 % 22,213 0.30 % Consumer: 907 0.05 % - - % 907 0.05 % 28 - % - - % 28 - % Total $ 22,899 0.10 % $ 408 - % $ 23,307 0.07 % Combination - Other-Than-Insignificant Payment Delays Puerto Rico Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Commercial and industrial $ 78 0.00% $ - - $ 78 0.00% Consumer: 445 0.04% - - 445 0.04% Total $ 523 0.00% $ - - $ 523 0.00% The following table describes the financial effect of the For the quarter ended June 30, 2023 Interest rate reduction Loan Type Financial Effect Commercial and industrial Reduced weighted-average contractual interest rate from 21.7 % to 8 .0%. Mortgage Reduced weighted-average contractual interest rate from 5.6 % to 4.1 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.6 % to 4.7 %. Personal Reduced weighted-average contractual interest rate from 20.3 % to 10.7 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 10 CRE Owner occupied Added a weighted-average of 1 Commercial and industrial Added a weighted-average of 1 Construction Added a weighted-average of 6 Mortgage Added a weighted-average of 12 Consumer: Personal Added a weighted-average of 6 Auto Added a weighted-average of 3 Other than insignificant payment delay Loan Type Financial Effect CRE Owner occupied Added a weighted-average of 24 Commercial and industrial Added a weighted-average of 24 Mortgage Added a weighted-average of 40 Consumer: Credit cards Added a weighted-average of 24 For the six months ended June 30, 2023 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 6 .0% to 5.3 %. Commercial and industrial Reduced weighted-average contractual interest rate from 21.7 % to 8 .0%. Mortgage Reduced weighted-average contractual interest rate from 5.7 % to 4.2 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.6 % to 4.6 %. Personal Reduced weighted-average contractual interest rate from 18.9 % to 10.3 %. Auto Reduced weighted-average contractual interest rate from 12.64 % to 12.62 %. Other Reduced weighted-average contractual interest rate from 18 .0% to 0 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 10 CRE Owner occupied Added a weighted-average of 1 Commercial and industrial Added a weighted-average of 1 Construction Added a weighted-average of 6 Mortgage Added a weighted-average of 11 Consumer: Personal Added a weighted-average of 6 Auto Added a weighted-average of 3 Other than insignificant payment delay Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 12 CRE Owner occupied Added a weighted-average of 8 Commercial and industrial Added a weighted-average of 9 Mortgage Added a weighted-average of 40 Consumer: Credit cards Added a weighted-average of 24 The following The These loans will continue in non-accrual status, and presented as past willingness and ability to or one year borrower would not be in payment default in the BPPR For the period ended June 30, 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 $ - $ - $ 428 $ 428 $ 26,293 $ 26,721 $ - $ 428 CRE Owner occupied - - 2,338 2,338 14,752 17,090 - 2,338 Commercial and industrial - - 872 872 25,728 26,600 114 758 Construction - - - - 5,422 5,422 - - Mortgage 3,158 1,611 16,213 20,982 26,286 47,268 1,047 15,166 Consumer: 36 50 91 177 695 872 51 40 30 - 331 361 933 1,294 8 323 - - 12 12 54 66 - 12 - - - - 3 3 - - Total $ 3,224 $ 1,661 $ 20,285 $ 25,170 $ 100,166 $ 125,336 $ 1,220 $ 19,065 [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 June 30, 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 $ - $ - $ - $ - $ 29,365 $ 29,365 $ - $ - Commercial and industrial - - - - 822 822 - - Construction - - - - 4,700 4,700 - - Mortgage - - 340 340 4,583 4,923 104 236 Consumer: - - 132 132 36 168 - 132 Total $ - $ - $ 472 $ 472 $ 39,506 $ 39,978 $ 104 $ 368 [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 June 30, 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 $ - $ - $ 428 $ 428 $ 26,293 $ 26,721 $ - $ 428 CRE Owner occupied - - 2,338 2,338 44,117 46,455 - 2,338 Commercial and industrial - - 872 872 26,550 27,422 114 758 Construction - - - - 10,122 10,122 - - Mortgage 3,158 1,611 16,553 21,322 30,869 52,191 1,151 15,402 Consumer: 36 50 91 177 695 872 51 40 30 - 463 493 969 1,462 8 455 - - 12 12 54 66 - 12 - - - - 3 3 - - Total $ 3,224 $ 1,661 $ 20,757 $ 25,642 $ 139,672 $ 165,314 $ 1,324 $ 19,433 [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 quarter and six months ended June 30, 2023 was considered immaterial for the Corporation. Payment default is defined as a restructured loan becoming 90 days 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 following months ended June 30, 2022. Loans modified as Popular Inc. For the quarter ended June 30, 2022 For the six month ended June 30, 2022 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial real estate non-owner occupied - 1 - 1 - 1 - 2 Commercial real estate owner occupied - 5 1 - 1 6 1 - Commercial and industrial 2 - 1 - 3 5 1 11 Mortgage 3 31 217 - 4 65 505 1 Leasing - - 1 - - - 1 - Consumer: 9 - - 7 24 - - 22 29 36 - 1 54 56 - 1 - - - - - 1 - - Total 43 73 220 9 86 134 508 37 The following table presents, by class, quantitative ended June 30, 2022. Popular, Inc. For the quarter ended June 30, 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 2 $ 52 $ 51 $ 5 Commercial real estate owner occupied 6 12,377 12,369 (2,073) Commercial and industrial 3 156 153 30 Mortgage 251 29,907 31,134 1,091 Leasing 1 14 12 2 Consumer: 16 162 172 2 66 952 1,030 135 Total 345 $ 43,620 $ 44,921 $ (808) Popular, Inc. For the six months ended June 30, 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 3 $ 3,452 $ 3,451 $ 5 Commercial real estate owner occupied 8 13,106 13,096 (2,073) Commercial and industrial 20 49,502 49,308 2,060 Mortgage 575 64,783 66,726 2,111 Leasing 1 14 12 2 Consumer: 46 410 445 7 111 1,681 1,758 265 1 28 28 5 Total 765 $ 132,976 $ 134,824 $ 2,382 The following table presents, by twelve months preceding the default date. modified, paydowns foreclosed upon by period end are not reported. Popular Inc. Defaulted during the quarter ended June 30, 2022 Defaulted during the June 30, 2022 (In thousands) Loan count Recorded investment as of first default date Loan count Recorded Investment as of first default date Commercial and industrial 3 $ 2,496 3 $ 2,496 Mortgage 32 3,830 38 5,699 Consumer: 8 28 19 135 7 270 19 398 Total 50 $ 6,624 79 $ 8,728 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 of obligor risk ratings as defined at June 30, year. Statements included in the 2022 Form 10-K: June 30, 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 $ 6,839 $ - $ - $ - $ 18,329 $ 4,920 $ - $ - $ 30,088 Special Mention - - - - - 2,618 - - 2,618 Substandard - - - - - 3,195 100 - 3,295 Pass 31,280 140,323 22,693 20,657 15,816 29,842 265 - 260,876 Total commercial multi-family $ 38,119 $ 140,323 $ 22,693 $ 20,657 $ 34,145 $ 40,575 $ 365 $ - $ 296,877 Commercial real estate non-owner occupied Watch $ 1,335 $ 342 $ 13,818 $ 13,088 $ 14,996 $ 63,639 $ - $ - $ 107,218 Special Mention - - 25,284 19,630 66,341 52,629 5,000 - 168,884 Substandard - 8,668 - 2,766 18,850 20,489 - - 50,773 Pass 94,895 883,308 562,467 365,497 44,006 618,247 10,952 - 2,579,372 Total commercial real estate non- owner occupied $ 96,230 $ 892,318 $ 601,569 $ 400,981 $ 144,193 $ 755,004 $ 15,952 $ - $ 2,906,247 Year-to-Date gross write-offs $ - $ - $ - $ 609 $ - $ - $ - $ - $ 609 Commercial real estate owner occupied Watch $ 1,012 $ 11,183 $ 4,421 $ 8,709 $ 3,819 $ 60,864 $ 700 $ - $ 90,708 Special Mention - 8 2,374 143,133 1,022 60,226 12,515 - 219,278 Substandard 291 16,779 5,981 336 722 76,684 - - 100,793 Doubtful - - - - - 261 - - 261 Pass 34,603 204,357 259,769 57,215 28,867 421,641 10,566 - 1,017,018 Total commercial real estate owner occupied $ 35,906 $ 232,327 $ 272,545 $ 209,393 $ 34,430 $ 619,676 $ 23,781 $ - $ 1,428,058 Year-to-Date gross write-offs $ - $ - $ - $ - $ 1 $ 78 $ - $ - $ 79 Commercial and industrial Watch $ 5,610 $ 20,130 $ 5,289 $ 2,142 $ 18,099 $ 74,579 $ 74,645 $ - $ 200,494 Special Mention 11 1,497 3,599 21,181 973 49,242 5,138 - 81,641 Substandard 5,424 1,580 3,250 1,807 2,739 37,241 38,818 - 90,859 Doubtful - - - - 10 34 - - 44 Loss - - - - - - 277 - 277 Pass 398,231 748,053 545,018 263,829 141,273 294,775 1,274,329 - 3,665,508 Total commercial and industrial $ 409,276 $ 771,260 $ 557,156 $ 288,959 $ 163,094 $ 455,871 $ 1,393,207 $ - $ 4,038,823 Year-to-Date gross write-offs $ 383 $ 184 $ 131 $ 33 $ 223 $ 239 $ 1,475 $ - $ 2,668 Construction Watch $ - $ 27,279 $ 5,980 $ - $ - $ - $ 18,267 $ - $ 51,526 Substandard - 9,284 - 5,422 - - $ - - 14,706 Pass 8,330 22,165 31,224 |
Mortgage banking activities
Mortgage banking activities | 6 Months Ended |
Jun. 30, 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 June 30, Six months ended June 30, (In thousands) 2023 2022 2023 2022 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 8,369 $ 9,186 $ 17,058 $ 18,509 Mortgage servicing rights fair value adjustments (6,216) 2,257 (7,592) 3,345 Total mortgage 2,153 11,443 9,466 21,854 Net (loss) gain on sale of loans, including valuation on (61) 36 202 (1,498) Trading account profit (loss): Unrealized gains (loss) on outstanding derivative positions 246 (2) 115 - Realized gains on closed derivative positions 111 2,430 167 6,565 Total trading account 357 2,428 282 6,565 Losses on repurchased loans, including interest advances (133) (332) (234) (481) Total mortgage $ 2,316 $ 13,575 $ 9,716 $ 26,440 [1] Effective on January 1, 2023, loans held-for-sale market. |
Transfers of financial assets a
Transfers of financial assets and mortgage servicing assets | 6 Months Ended |
Jun. 30, 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 because they did not contain any credit recourse The during the quarters and six months ended June 30, Proceeds Obtained During the Quarter Ended June 30, 2023 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - FNMA $ - $ 13,393 $ - $ 13,393 Total trading account $ - $ 13,393 $ - $ 13,393 Mortgage servicing rights $ - $ - $ 366 $ 366 Total $ - $ 13,393 $ 366 $ 13,759 Proceeds Obtained During the Six months Ended June (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 - 23,292 - 23,292 Total trading account $ - $ 24,359 $ - $ 24,359 Mortgage servicing rights $ - $ - $ 644 $ 644 Total $ - $ 24,359 $ 644 $ 25,003 Proceeds Obtained During the Quarter Ended June 30, 2022 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 77,269 $ - $ 77,269 Mortgage-backed securities - FNMA - 37,640 - 37,640 Mortgage-backed securities - FHLMC - 1,387 - 1,387 Total trading account $ - $ 116,296 $ - $ 116,296 Mortgage servicing rights $ - $ - $ 1,960 $ 1,960 Total $ - $ 116,296 $ 1,960 $ 118,256 Proceeds Obtained During the Six months Ended June (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 155,163 $ - $ 155,163 Mortgage-backed securities - FNMA - 95,330 - 95,330 Mortgage-backed securities - FHLMC - 8,505 - 8,505 Total trading account $ - $ 258,998 $ - $ 258,998 Mortgage servicing rights $ - $ - $ 4,369 $ 4,369 Total $ - $ 258,998 $ 4,369 $ 263,367 During the six $ 27 33 0.5 30, 2022 - gains of 0.4 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 table and 2022. Residential MSRs (In thousands) June 30, 2023 June 30, 2022 Fair value at beginning of period $ 128,350 $ 121,570 Additions 1,240 5,032 Changes due to payments on loans (5,288) (5,877) Reduction due to loan repurchases (338) (463) Changes in fair value due to changes in valuation model inputs (1,446) 9,571 Other (1,269) 44 Fair value at end of period $ 121,249 $ 129,877 [1] Represents changes due to collection / realization [2] At June 30, 2023, PB had MSRs amounting to $ 1.9 2.0 During the third 260 approximately $ 2 Residential mortgage loans serviced for others were $ 10.4 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 to income 0.31 % (June 30, 2022 - 0.31 %). Under these servicing agreements, the banking fees on the underlying loans serviced. The section economic assumptions used quarters and six months ended June 30, 2023 and Quarters ended Six months ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 BPPR PB BPPR PB BPPR PB BPPR PB Prepayment speed 7.4 % 7.1 % 4.7 % 7.8 % 7.0 % 7.2 % 5.0 % 8.9 % Weighted average life (in years) 9.7 8.1 10.2 8.0 9.1 8.0 9.8 7.4 Discount rate (annual rate) 9.5 % 10.5 % 10.5 % 9.5 % 9.5 % 10.5 % 10.4 % 9.8 % Key performed immediate changes in those assumptions, were as follows Originated MSRs Purchased MSRs June 30, December 31, June 30, December 31, (In thousands) 2023 2022 2023 2022 Fair value of servicing rights $ 39,504 $ 41,548 $ 81,745 $ 86,802 Weighted average life (in years) 6.9 6.8 6.9 6.9 Weighted average prepayment speed (annual 5.8 % 5.9 % 6.9 % 7.0 % Impact on fair value of 10% adverse change $ (698) $ (730) $ (1,518) $ (1,602) Impact on fair value of 20% adverse change $ (1,369) $ (1,433) $ (2,979) $ (3,143) Weighted average discount rate (annual rate) 11.3 % 11.2 % 10.9 % 11.0 % Impact on fair value of 10% adverse change $ (1,355) $ (1,485) $ (2,947) $ (3,256) Impact on fair value of 20% adverse change $ (2,625) $ (2,876) $ (5,711) $ (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 June 30, 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 six months ended June 30, 2023, the Corporation repurchased approximately $ 24 35 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 | 6 Months Ended |
Jun. 30, 2023 | |
Other Real Estate [Abstract] | |
Other Real Estate Owned | Note 12 – Other real estate owned The following tables present the activity related to Other 30, 2023 and 2022. For the quarter ended June 30, 2023 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 12,388 $ 79,333 $ 91,721 Write-downs in value (45) (269) (314) Additions 244 21,155 21,399 Sales (785) (25,822) (26,607) Other adjustments 17 - 17 Ending balance $ 11,819 $ 74,397 $ 86,216 For the quarter ended June 30, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,468 $ 75,099 $ 90,567 Write-downs in value (486) (245) (731) Additions 832 20,663 21,495 Sales (1,564) (17,502) (19,066) Other adjustments - (128) (128) Ending balance $ 14,250 $ 77,887 $ 92,137 For the six months ended June 30, 2023 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 12,500 $ 76,626 $ 89,126 Write-downs in value (239) (1,020) (1,259) Additions 1,267 39,830 41,097 Sales (1,726) (40,921) (42,647) Other adjustments 17 (118) (101) Ending balance $ 11,819 $ 74,397 $ 86,216 For the six months ended June 30, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,017 $ 70,060 $ 85,077 Write-downs in value (850) (573) (1,423) Additions 3,519 39,903 43,422 Sales (3,544) (31,045) (34,589) Other adjustments 108 (458) (350) Ending balance $ 14,250 $ 77,887 $ 92,137 |
Other assets
Other assets | 6 Months Ended |
Jun. 30, 2023 | |
Other Assets Abstract | |
Other assets | Note 13 − Other assets The caption of other assets in the consolidated (In thousands) June 30, 2023 December 31, 2022 Net deferred tax assets (net of valuation allowance) $ 904,601 $ 953,676 Investments under the equity method 227,358 210,001 Prepaid taxes 55,000 39,405 Other prepaid expenses 38,928 33,384 Capitalized software costs 78,766 81,862 Derivative assets 24,221 19,229 Trades receivable from brokers and counterparties 6,412 35,099 Receivables from investments maturities - 125,000 Principal, interest and escrow servicing advances 52,848 41,916 Guaranteed mortgage loan claims receivable 58,784 59,659 Operating ROU assets (Note 28) 120,117 125,573 Finance ROU assets (Note 28) 18,989 18,884 Others 117,638 104,125 Total other assets $ 1,703,662 $ 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 June 30, 2023 Software development costs $ 67,200 $ 21,826 $ 45,374 Software license costs 39,553 17,607 21,946 Cloud computing arrangements 21,039 9,593 11,446 Total Capitalized $ 127,792 $ 49,026 $ 78,766 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 are 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 June 30, Six (In thousands) 2023 2022 2023 2022 Software development and license costs $ 16,151 $ 13,013 $ 31,142 $ 24,768 Cloud computing arrangements 778 1,069 1,762 2,027 Total amortization $ 16,929 $ 14,082 $ 32,904 $ 26,795 |
Goodwill and other intangible a
Goodwill and other intangible assets | 6 Months Ended |
Jun. 30, 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 June 30, 2023 Balance at Balance at June 30, Accumulated June 30, 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 June 30, 2023 Core deposits $ 12,810 $ 10,675 $ 2,135 Other customer relationships 14,286 5,827 8,459 Total other intangible $ 27,096 $ 16,502 $ 10,594 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 quarter ended June 30, 2023, the Corporation recognized 0.8 assets 0.8 recognized $ 1.6 1.7 The following periods: (In thousands) Remaining 2023 $ 1,589 Year 2024 2,938 Year 2025 1,750 Year 2026 1,440 Year 2027 959 Later years 1,918 |
Deposits
Deposits | 6 Months Ended |
Jun. 30, 2023 | |
Deposits [Abstract] | |
Deposits | Note 15 – Deposits Total deposits as of the end of the periods presented consisted of: (In thousands) June 30, 2023 December 31, 2022 Savings accounts $ 15,222,346 $ 14,746,329 NOW, money market and other interest 25,464,069 23,738,940 Total savings, NOW, 40,686,415 38,485,269 Certificates of deposit: Under $250,000 4,990,563 4,235,651 $250,000 and over 3,011,288 2,545,750 8,001,851 6,781,401 Total interest bearing $ 48,688,266 $ 45,266,670 Non- interest bearing deposits $ 15,316,552 $ 15,960,557 Total deposits $ 64,004,818 $ 61,227,227 A summary of certificates of deposits by maturity at (In thousands) 2023 $ 3,274,343 2024 2,208,468 2025 926,324 2026 651,739 2027 428,792 2028 and thereafter 512,185 Total certificates of $ 8,001,851 At June 30, 2023, the Corporation had brokered 1.5 1.1 The aggregate amount 6.3 (December 31, 2022 - $ 6.3 At 18.5 bearing hurricane recovery related Federal assistance and seasonal other hand, assistance is instrumentalities mandated require outflows are lower. |
Borrowings
Borrowings | 6 Months Ended |
Jun. 30, 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 June 30, 2023 December 31, 2022 Repurchase Repurchase (In thousands) U.S. Treasury securities Within 30 days $ 13,000 $ 410 After 30 to 90 days 21,933 30,739 After 90 days 13,254 17,521 Total U.S. Treasury 48,187 48,670 Mortgage-backed securities 73,958 98,984 795 791 Total mortgage-backed 74,753 99,775 Collateralized mortgage obligations 265 164 Total collateralized 265 164 Total $ 123,205 $ 148,609 Repurchase agreements in this portfolio liquidity risks arising from secured securities collateral and pursuing longer durations, Other short-term borrowings There were no 365 31, 2022. Notes Payable The following table presents the composition of notes (In thousands) June 30, 2023 December 31, 2022 Advances with the FHLB with maturities ranging from 2023 2029 monthly fixed rates ranging from 0.39 % to 4.17 % $ 412,632 $ 389,282 Unsecured senior debt securities with maturities ranging 2023 2028 semiannually 6.125 % to 7.25 %, net of debt issuance costs of $ 6,915 [1] 693,085 299,109 Junior subordinated deferrable interest debentures (related to 2034 6.125 % to 6.564 %, net of debt issuance costs of $ 301 198,332 198,319 Total notes payable $ 1,304,049 $ 886,710 Note: Refer to the 2022 Form 10-K for rates information [1] On March 13, 2023, the Corporation issued $ 400 7.25 % Senior Notes due 2028 underwritten public offering. On July 14, 2023, redeem, on August 14, 2023, the outstanding $ 300 6.125 % Senior Notes due September 2023 . The redemption price will be equal to 100 % of the principal amount plus accrued and unpaid interest A breakdown of borrowings by contractual maturities Assets sold under (In thousands) agreements to repurchase Notes payable Total 2023 $ 118,600 $ 322,004 $ 440,604 2024 4,605 91,943 96,548 2025 - 139,920 139,920 2026 - 74,500 74,500 Later years - 675,682 675,682 Total borrowings $ 123,205 $ 1,304,049 $ 1,427,254 At June 30, 2023 and to $ 4.1 3.3 0.4 0.8 2023 and 0.3 0.4 facility as collateral for and loans held-in-portfolio, and do not have restrictive Also, at June amounting to 3.1 1.4 The facility is a collateralized source of credit that |
Other liabilities
Other liabilities | 6 Months Ended |
Jun. 30, 2023 | |
Other Liabilities Disclosure [Abstract] | |
Other liabilites | Note 17 − Other liabilities The caption of other liabilities in the consolidated (In thousands) June 30, 2023 December 31, 2022 Accrued expenses $ 252,736 $ 337,284 Accrued interest payable 56,103 39,288 Accounts payable 102,337 76,456 Dividends payable 39,664 39,525 Trades payable 1,022 9,461 Liability for GNMA loans sold with an option to repurchase 7,108 14,271 Reserves for loan indemnifications 6,808 7,520 Reserve for operational losses 28,678 39,266 Operating lease liabilities (Note 28) 131,437 137,290 Finance lease liabilities (Note 28) 24,091 24,737 Pension benefit obligation 6,797 8,290 Postretirement benefit obligation 118,186 118,336 Others 66,218 65,222 Total other liabilities $ 841,185 $ 916,946 |
Stockholders' equity
Stockholders' equity | 6 Months Ended |
Jun. 30, 2023 | |
Stockholders' Equity Note | |
Stockholders' Equity | Note 18 – Stockholders’ equity As of June 30, 2023, stockholders’ equity totaled $ 4.6 cash dividends of $ 1.10 1.10 ) per common share amounting to 79.2 84.2 declared to stockholders of record as of the close June 1, 2023 July 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 | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure Of Change In Accumulated Other Comprehensive Income Loss [Abstract] | |
Other Comprehensive Income (Loss) | Note 19 – Other comprehensive loss The ended June 30, 2023 and 2022. Changes in Accumulated Other Comprehensive Loss Quarters ended Six June 30, June 30, (In thousands) 2023 2022 2023 2022 Foreign currency translation Beginning Balance $ (61,980) $ (70,165) $ (56,735) $ (67,307) Other comprehensive income 6,001 5,998 756 3,140 Net change 6,001 5,998 756 3,140 Ending balance $ (55,979) $ (64,167) $ (55,979) $ (64,167) Adjustment of pension and postretirement benefit plans Beginning Balance $ (141,327) $ (155,281) $ (144,335) $ (158,994) Other comprehensive income before reclassifications - - - 1,269 Amounts reclassified from accumulated other comprehensive loss for amortization of net losses 3,008 2,444 6,016 4,888 Net change 3,008 2,444 6,016 6,157 Ending balance $ (138,319) $ (152,837) $ (138,319) $ (152,837) Unrealized net holding (losses) gains on debt securities Beginning Balance $ (2,098,518) $ (1,171,950) $ (2,323,903) $ (96,120) Other comprehensive (loss) income (69,941) (563,420) 121,811 (1,639,250) 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 34,322 - 67,955 - Net change (35,619) (563,420) 189,766 (1,639,250) Ending balance $ (2,134,137) $ (1,735,370) $ (2,134,137) $ (1,735,370) Unrealized net losses on cash flow hedges Beginning Balance $ - $ 158 $ 45 $ (2,648) Other comprehensive (loss) income before reclassifications - (332) (19) 2,807 Amounts reclassified from accumulated other comprehensive income (loss) - (468) (26) (801) Net change - (800) (45) 2,006 Ending balance $ - $ (642) $ - $ (642) Total $ (2,328,435) $ (1,953,016) $ (2,328,435) $ (1,953,016) [1] All amounts presented are net of tax. The following table quarters and six months ended June 30, 2023 and Reclassifications Out of Accumulated Other Comprehensive Quarters ended Six Affected Line Item in the June 30, June 30, (In thousands) Consolidated Statements of Operations 2023 2022 2023 2022 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ (4,813) $ (3,911) $ (9,626) $ (7,822) Total before tax (4,813) (3,911) (9,626) (7,822) Income tax benefit 1,805 1,467 3,610 2,934 Total net of tax $ (3,008) $ (2,444) $ (6,016) $ (4,888) Unrealized net holding losses on debt securities Amortization of unrealized net losses of debt securities transferred to held-to-maturity Interest income from investment securities $ (42,903) $ - $ (84,943) $ - Total before tax (42,903) - (84,943) - Income tax expense 8,581 - 16,988 - Total net of tax $ (34,322) $ - $ (67,955) $ - Unrealized net gains (losses) on cash flow hedges Forward contracts Mortgage banking activities $ - $ 1,099 $ 41 $ 2,077 Interest rate swaps Other operating income - (219) - (498) Total before tax - 880 41 1,579 Income tax benefit - (412) (15) (778) Total net of tax $ - $ 468 $ 26 $ 801 Total reclassification $ (37,330) $ (1,976) $ (73,945) $ (4,087) |
Guarantees
Guarantees | 6 Months Ended |
Jun. 30, 2023 | |
Guarantees | |
Guarantees | Note 20 – Guarantees At 0.3 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 0.6 (December 31, 0.6 with FNMA credit recourse loss. arrangements mortgage Corporation repurchased 0.6 1.4 subject to the credit recourse provisions (June 30, 2022 - $ 2 5 the borrower, losses on these loans when the proceeds from a foreclosure sale of the property underlying a defaulted mortgage loan are less than the related loans sold or serviced with credit recourse amounted 6 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 and six months ended Quarters ended June 30, Six months ended June 30, (In thousands) 2023 2022 2023 2022 Balance as of beginning of period $ 5,864 $ 10,335 $ 6,897 $ 11,800 Provision (benefit) for recourse liability 478 (395) (176) (349) Net charge-offs (119) (845) (498) (2,356) Balance as of end of period $ 6,223 $ 9,095 $ 6,223 $ 9,095 From time representations and warranties for the material for the Corporation.. Servicing agreements sold or serviced to certain other investors, including FHLMC, of Corporation serviced 10.4 31, 2022 11.1 owner, from and advances delinquent and defaulted mortgage loans. In of the foreclosure proceedings and the Corporation would 30, approximately 53 42 servicing portfolio experience comply with its obligation to advance funds as well Popular, 100 % owned consolidated subsidiaries amounting to 94 2023 and December 31, 193 (trust agreement. Refer preferred securities. |
Commitments and contingencies
Commitments and contingencies | 6 Months Ended |
Jun. 30, 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) June 30, 2023 December 31, 2022 Commitments to extend credit: Credit card lines $ 6,008,516 $ 5,853,990 Commercial and construction lines of credit 4,381,533 4,425,825 Other consumer unused credit commitments 249,211 250,271 Commercial letters of credit 2,256 3,351 Standby letters of credit 29,404 27,868 Commitments to originate or fund mortgage loans 43,593 45,170 At June 11.6 8.8 respectively, for potential losses associated with unfunded loan commitments Other commitments At June 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 $ 380 351 374 327 outstanding, 325 26 302 25 Substantially all municipalities. In most cases, these were “general obligations” of a municipality, to which good pledged other revenues. At June 30, 2023, 74 % of the Corporation’s exposure to municipal loans and the payments amounting to $ 34 The following table details the loans and investments representing the Corporation’s direct exposure to according to their maturities as of June 30, 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 13,089 17,819 42,819 After 1 to 5 years 20,282 115,804 136,086 140,086 After 5 to 10 years 1,025 146,681 147,706 147,706 After 10 years - 49,831 49,831 49,831 Total Municipalities 26,037 325,405 351,442 380,442 Total Direct Government $ 26,078 $ 325,405 $ 351,483 $ 380,483 In addition, 240 entities but for 251 $ 199 instrumentality 209 mortgage loans event of 40 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 12 Protection Program (“PPP”) and 71 at June 30, 1.6 38 72 had U.S. Treasury available-for-sale and held-to-maturity securities as described At June 30, 2023, the Corporation has operations in the United States Virgin Islands (the “USVI”) and has approximately $ 28 in direct 28 fiscal and economic challenges outstanding debt obligations. At June 30, 2023, the 19 pandemic, particularly as a Corporation has 207 million comprised of various retail and commercial 214 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, it 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 determined, in excess of amounts accrued) 0 20.1 of June significant preliminary stages), the existence of multiple defendants in several of the current Legal Proceedings whose share of liability has yet to be 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. order dismissing en , pending resolution. Insufficient Funds and Overdraft Fees Class Actions Popular before alleged breach consumer plaintiffs’ theory, Positive, transactions grounds, Voluntary complaint in the U.S. District Court for the 2020, Plaintiff behalf of court jurisdiction. BPPR, the only defendant remaining in the case, was served with process in November 2020 and filed a Motion to Dismiss in January 2021. In scheduling November parties before the Court a granting preliminary approval of the settlement agreement. 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 Community Bank with a written notice of election to arbitrate the claims asserted in the complaint which went unanswered, Popular Bank (“PB”) filed a Pre-Motion Conference motion related to a new Motion to Compel Arbitration. After Plaintiff responded to the Pre-Motion motion, the Court allowed PB in October 2022, and PB filed its reply in November On December 9, 2022, the PB filed a Notice of and Plaintiff pending resolution. POPULAR SECURITIES Puerto Rico Bonds and Closed-End Investment The volatility primarily in and complaints 6 proceedings with 5.88 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 in the arbitration proceedings described above |
Non-consolidated variable inter
Non-consolidated variable interest entities | 6 Months Ended |
Jun. 30, 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 in the form of servicing fees and servicing advances not to be significant at June 30, 2023 . These special purpose entities are deemed loan securitizations includes owning certain beneficial interests Corporation is the Statements entities (FNMA underlying insurance, set servicer with cause, GNMA) have the obligation to absorb losses that The mortgage obligations, including those securities originated by the Corporation and those acquired from Corporation holds agency mortgage-backed securities which information on the 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 June 30, 2023 and December 31, (In thousands) June 30, 2023 December 31, 2022 Assets Servicing assets: Mortgage servicing rights $ 95,714 $ 99,614 Total servicing $ 95,714 $ 99,614 Other assets: Servicing advances $ 6,103 $ 6,157 Total other assets $ 6,103 $ 6,157 Total assets $ 101,817 $ 105,771 Maximum exposure to loss $ 101,817 $ 105,771 The size of the total unpaid principal balance of the loans, amounted 7.5 7.7 The Corporation servicing advances at June 30, 2023 and December 31, 2022, will not be recovered. The agency debt securities are not included as part of the maximum exposure to loss since they 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 | 6 Months Ended |
Jun. 30, 2023 | |
Related Party Transactions | |
Related Party Transactions | Note 23 – Related party transactions The Corporation equity method investees considered related parties. EVERTEC Until information operated 1.2 dividends from its investment in Evertec during On July BPPR Evertec Group services to Popular, sharing structure for BPPR in connection with its merchant acquiring relationship with Evertec. On August 15, 2022, the Corporation completed the sale of its proportionate share third quarter of 2022. The following for the quarter and six months ended June 30, Quarter ended Six months ended (In thousands) June 30, 2022 June 30, 2022 Share of income from the investment in Evertec $ 5,480 $ 11,827 Share of other changes in Evertec's stockholders' equity 1,410 3,168 Share of Evertec's changes in equity recognized in income $ 6,890 $ 14,995 The following table presents and their impact on the results the Corporation are presented with parenthesis. Quarter ended Six months ended (In thousands) June 30, 2022 June 30, 2022 Category Interest expense on deposits $ (135) $ (267) Interest expense ATH and credit cards interchange 7,272 13,955 Other service fees Rental income charged to Evertec 1,577 3,258 Net occupancy Processing fees on services provided by Evertec (66,459) (128,681) Professional fees Other services provided to Evertec 202 420 Other operating expenses Total $ (57,543) $ (111,315) Centro Financiero BHD, S.A. At June 30, 2023, the Corporation had 15.84 % equity interest in Centro Financiero BHD, and financial $ 32.3 20.5 218 million at June 30, 2023 (December 31, 2022 - $ 199.8 14.1 and $ 2.1 16 million cash dividends). Investment Companies The Corporation, companies registered BPPR, also average net these investment companies as related parties. For the six months ended June 30, 2023 administrative fees charged 1.1 30, 2022 - 1.3 0.4 0.5 0.7 2022 - $ 0.8 |
Fair value measurement
Fair value measurement | 6 Months Ended |
Jun. 30, 2023 | |
Fair Value Disclosures | |
Fair Value Measurement | Note 24 – Fair value measurement ASC Subtopic valuation techniques measurements and disclosures. The hierarchy is broken ● Level - Unadjusted access at the valuations are based on quoted prices that are ● Level 2 - Quoted include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets substantially the full term of the financial instrument. ● Level 3 - Inputs are unobservable and significant own judgements about assumptions that market participants 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 June 30, 2023 and December At June 30, 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 $ 2,854,502 $ 8,113,480 $ - $ - $ 10,967,982 Collateralized mortgage obligations - federal agencies - 148,052 - - 148,052 Mortgage-backed securities - 6,124,495 655 - 6,125,150 Other - 33 1,000 - 1,033 Total debt securities $ 2,854,502 $ 14,386,060 $ 1,655 $ - $ 17,242,217 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 13,338 $ - $ - $ - $ 13,338 Obligations of Puerto Rico, States and political subdivisions - 61 - - 61 Collateralized mortgage obligations - 42 56 - 98 Mortgage-backed securities - 15,184 163 - 15,347 Other - - 191 - 191 Total trading account derivatives $ 13,338 $ 15,287 $ 410 $ - $ 29,035 Equity securities $ - $ 35,541 $ - $ 303 $ 35,844 Mortgage servicing rights - - 121,249 - 121,249 Loans held-for-sale - 9,509 - - 9,509 Derivatives - 24,346 - - 24,346 Total assets measured recurring basis $ 2,867,840 $ 14,470,743 $ 123,314 $ 303 $ 17,462,200 Liabilities Derivatives $ - $ (21,575) $ - $ - $ (21,575) Total liabilities measured recurring basis $ - $ (21,575) $ - $ - $ (21,575) 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 election better aligns with the 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 mortgage loans held for sale measured at fair value (In thousands) June 30, 2023 Aggregate Unpaid Fair Value Principal Balance Difference Loans held for sale $ 9,509 $ 9,648 $ (139) No During the quarter and six months ended 197 128 thousand, respectively, was banking activities line item of the accompanying The fair value information included in the following tables is was measurements of assets no longer outstanding as of Six months ended June 30, 2023 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE Assets Write-downs Loans [1] $ - $ - $ 18,923 $ 18,923 $ (7,092) Other real estate owned [2] - - 2,815 2,815 (656) Other foreclosed assets [2] - - 41 41 (9) Total assets measured $ - $ - $ 21,779 $ 21,779 $ (7,757) [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. Six months ended June 30, 2022 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE Assets Write-downs Loans [1] $ - $ - $ 6,694 $ 6,694 $ (1,183) Other real estate owned [2] - - 2,161 2,161 (769) Total assets measured $ - $ - $ 8,855 $ 8,855 $ (1,952) [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. The following tables present the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the quarters and six months ended June 30, 2023 and 2022. Quarter ended June 30, 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 March 31, 2023 $ 655 $ 1,000 $ 88 $ 188 $ 199 $ 127,475 $ 129,605 Gains (losses) included in earnings - - - - (8) (6,217) (6,225) Additions - - 4 - - 739 743 Sales - - - - - (1,269) (1,269) Settlements - - (36) (25) - 521 460 Balance at June 30, 2023 $ 655 $ 1,000 $ 56 $ 163 $ 191 $ 121,249 $ 123,314 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2023 $ - $ - $ - $ - $ 9 $ (2,732) $ (2,723) Six months ended June 30, 2023 MBS Other MBS Other classified securities CMOs classified securities as debt classified as classified as trading classified securities as trading account as trading Mortgage available- available- account debt account debt servicing Total (In thousands) for-sale for-sale securities securities securities rights assets Balance at January 1, 2023 $ 711 $ 1,000 $ 113 $ 215 $ 207 $ 128,350 $ 130,596 Gains (losses) included in earnings - - - (2) (16) (7,593) (7,611) Gains (losses) included in OCI (6) - - - - - (6) Additions - - 4 - - 1,240 1,244 Sales - - - - - (1,269) (1,269) Settlements (50) - (61) (50) - 521 360 Balance at June 30, 2023 $ 655 $ 1,000 $ 56 163 $ 191 $ 121,249 $ 123,314 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2023 $ - $ - $ - $ (1) $ 18 $ (1,447) $ (1,430) Quarter ended June 30, 2022 MBS Other Other classified securities CMOs securities as debt classified as classified classified securities debt securities as trading as trading Mortgage available- available- account debt account debt servicing Total Contingent Total (In thousands) for-sale for-sale securities securities rights assets consideration liabilities Balance at $ 793 $ - $ 174 $ 267 $ 125,358 $ 126,592 $ 9,241 $ 9,241 Gains (losses) included in earnings - - - (3) 2,258 2,255 - - Gains (losses) included in OCI 11 - - - - 11 - - Additions - 500 - - 2,261 2,761 - - Settlements (25) - (22) - - (47) - - Balance at June 30, 2022 $ 779 $ 500 $ 152 $ 264 $ 129,877 $ 131,572 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2022 $ - $ - $ (1) $ 2 $ 5,318 $ 5,319 $ - $ - Six months ended June 30, 2022 MBS Other Other classified securities CMOs securities as debt classified as classified classified securities debt securities as trading as trading Mortgage available- available- account debt account debt servicing Total Contingent Total (In thousands) for-sale for-sale securities securities rights assets consideration liabilities Balance at January 1, $ 826 $ - $ 198 $ 280 $ 121,570 $ 122,874 $ 9,241 $ 9,241 Gains (losses) included in earnings - - (1) (16) 3,275 3,258 - - Gains (losses) included in OCI 3 - - - - 3 - - Additions - 500 2 - 5,032 5,534 - - Settlements (50) - (47) - - (97) - - Balance at June 30, 2022 $ 779 $ 500 $ 152 $ 264 $ 129,877 $ 131,572 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2022 $ - $ - $ (1) $ 7 $ 9,571 $ 9,577 $ - $ - Gains and losses (realized and Level 3 assets and liabilities included in the Quarter ended June 30, 2023 Six months ended June 30, 2023 Changes in unrealized Changes in unrealized Total gains gains (losses) relating to Total gains gains (losses) relating to (losses) included assets still held at (losses) included assets still held at (In thousands) in earnings reporting date in earnings reporting date Mortgage banking activities $ (6,217) $ (2,732) $ (7,593) $ (1,447) Trading account profit (loss) (8) 9 (18) 17 Total $ (6,225) $ (2,723) $ (7,611) $ (1,430) Quarter ended June 30, 2022 Six months ended June 30, 2022 Changes in unrealized Changes in unrealized Total gains gains (losses) relating to Total gains gains (losses) relating to (losses) included assets still held at (losses) included assets still held at (In thousands) in earnings reporting date in earnings reporting date Mortgage banking activities $ 2,258 $ 5,318 $ 3,275 $ 9,571 Trading account profit (loss) (3) 1 (17) 6 Total $ 2,255 $ 5,319 $ 3,258 $ 9,577 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 $ 56 Discounted cash flow model Weighted average life 0.2 0.2 0.4 Yield 4.9 % ( 4.9 % - 5.4 %) Prepayment speed 7.9 % ( 7.7 % - 25 %) Other - trading $ 191 Discounted cash flow model Weighted average life 2.5 Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 18,854 [2] External appraisal Haircut applied on external appraisals 12.0 % ( 5.0 % - 20.0 %) [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 $ 152 Discounted cash flow model Weighted average life 0.6 0.3 0.8 Yield 4.2 % ( 4.2 % - 4.8 %) Prepayment speed 12.5 % ( 12 .0% - 16.3 %) Other - trading $ 264 Discounted cash flow model Weighted average life 2.9 Yield 12.0% Prepayment speed 10.8% Contingent consideration $ (9,241) Probability weighted discounted cash flows Discount rate 2.52 % Loans held-in-portfolio $ 3,779 [2] External appraisal Haircut applied on external appraisals 12.6 % Other real estate owned $ 76 [3] External appraisal Haircut applied on external appraisals 5 .0% [1] Weighted average of significant unobservable inputs [2] Loans held-in-portfolio in which haircuts were not applied [3] Other real estate owned in which haircuts were not applied |
Fair value of financial instrum
Fair value of financial instruments | 6 Months Ended |
Jun. 30, 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 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. June 30, 2023 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 476,642 $ 476,642 $ - $ - $ - $ 476,642 Money market investments 8,593,476 8,587,418 6,058 - - 8,593,476 Trading account debt securities, excluding [1] 29,035 13,338 15,287 410 - 29,035 Debt securities available-for-sale [1] 17,242,217 2,854,502 14,386,060 1,655 - 17,242,217 Debt securities held-to-maturity: U.S. Treasury securities $ 8,336,569 $ - $ 8,206,858 $ - $ - $ 8,206,858 Obligations of Puerto Rico, States and political subdivisions 60,326 - - 60,676 - 60,676 Collateralized mortgage obligation-federal agency 1,566 - 1,440 16 - 1,456 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities $ 8,404,421 $ - $ 8,214,258 $ 60,692 $ - $ 8,274,950 Equity securities: FHLB stock $ 50,357 $ - $ 50,357 $ - $ - $ 50,357 FRB stock 100,267 - 100,267 - - 100,267 Other investments 41,749 - 35,541 6,771 303 42,615 Total equity securities $ 192,373 $ - $ 186,165 $ 6,771 $ 303 $ 193,239 Loans held-for-sale $ 55,421 $ - $ 55,421 $ - $ - $ 55,421 Loans held-in-portfolio 32,330,722 - - 30,758,440 - 30,758,440 Mortgage servicing rights 121,249 - - 121,249 - 121,249 Derivatives 24,346 - 24,346 - - 24,346 June 30, 2023 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 56,002,966 $ - $ 56,002,966 $ - $ - $ 56,002,966 Time deposits 8,001,852 - 7,655,442 - - 7,655,442 Total deposits $ 64,004,818 $ - $ 63,658,408 $ - $ - $ 63,658,408 Assets sold under agreements to repurchase $ 123,205 $ - $ 123,185 $ - $ - $ 123,185 Notes payable: FHLB advances $ 412,632 $ - $ 388,283 $ - $ - $ 388,283 Unsecured senior debt securities 693,085 - 696,103 - - 696,103 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,332 - 169,879 - - 169,879 Total notes payable $ 1,304,049 $ - $ 1,254,265 $ - $ - $ 1,254,265 Derivatives $ 21,575 $ - $ 21,575 $ - $ - $ 21,575 [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 10.6 10.5 respectively, June 30, 32 31 required to be based on the fees charged to enter into those |
Net income per common share
Net income per common share | 6 Months Ended |
Jun. 30, 2023 | |
Earnings Per Share | |
Net Income (Loss) Per Common Share | Note 26 – Net income per common share The following table sets months ended June 30, 2023 and 2022: Quarters ended June 30, Six (In thousands, except per share information) 2023 2022 2023 2022 Net income $ 151,160 $ 211,421 $ 310,139 $ 423,107 Preferred stock dividends (353) (353) (706) (706) Net income applicable to common stock $ 150,807 $ 211,068 $ 309,433 $ 422,401 Average common shares outstanding 71,690,396 76,171,784 71,616,498 77,301,469 Average potential dilutive common shares 18,807 115,099 47,805 124,805 Average common shares outstanding - assuming dilution 71,709,203 76,286,883 71,664,303 77,426,274 Basic EPS $ 2.10 $ 2.77 $ 4.32 $ 5.46 Diluted EPS $ 2.10 $ 2.77 $ 4.32 $ 5.46 For the quarters shares under the treasury stock method, consistent with the method used for the preparation of the financial statements for the year ended December 31, 2022. For a discussion of the Financial Statements included in the 2022 Form 10-K. |
Revenue from contract with cust
Revenue from contract with customers | 6 Months Ended |
Jun. 30, 2023 | |
Revenue From Contract With Customer Abstract | |
Revenue From Contract With Customer Text Block | Note 27 – Revenue from contracts with customers The quarters and six months ended June 30, 2023 and Quarter ended June 30, Six (In thousands) 2023 2023 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 35,253 $ 2,528 $ 67,405 $ 5,054 Other service fees: Debit card fees 13,377 223 26,325 441 Insurance fees, excluding reinsurance 12,152 1,288 22,950 2,595 Credit card fees, excluding late fees and membership 38,392 336 74,566 915 Sale and administration of investment products 6,076 - 12,634 - Trust fees 6,868 - 12,764 - Total revenue from $ 112,118 $ 4,375 $ 216,644 $ 9,005 [1] The amounts include intersegment transactions of $ 2.2 3.8 Quarter ended June 30, Six (In thousands) 2022 2022 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 38,993 $ 2,816 $ 76,978 $ 5,544 Other service fees: Debit card fees 12,660 222 24,222 439 Insurance fees, excluding reinsurance 9,982 1,374 20,020 2,696 Credit card fees, excluding late fees and membership 34,785 311 65,007 635 Sale and administration of investment products 6,017 - 11,808 - Trust 6,358 - 12,507 - Total revenue from $ 108,795 $ 4,723 $ 210,542 $ 9,314 [1] The amounts include intersegment transactions of $ 3.5 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 | 6 Months Ended |
Jun. 30, 2023 | |
Leases [Abstract] | |
Leases | Note 28 – Leases The These contracts generally do 0.1 31.5 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 June 30, 2023 (In thousands) Remaining 2023 2024 2025 2026 2027 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 15,095 $ 29,153 $ 26,326 $ 17,935 $ 12,709 $ 48,893 $ 150,111 $ (18,674) $ 131,437 Finance Leases 3,192 3,991 4,084 3,839 2,468 9,346 26,920 (2,829) 24,091 The following table presents the lease cost recognized Quarters ended June 30, Six (In thousands) 2023 2022 2023 2022 Finance lease cost: Amortization of ROU assets $ 1,071 $ 686 $ 1,895 $ 1,445 Interest on lease liabilities 234 279 530 587 Operating lease cost 7,800 7,660 15,654 15,287 Short-term lease cost 148 113 221 168 Variable lease cost 45 30 101 53 Sublease income (17) (10) (26) (19) Total lease cost [1] $ 9,281 $ 8,758 $ 18,375 $ 17,521 [1] Total lease cost was included as part of other operating income. The leases. Six months ended June 30, (Dollars in thousands) 2023 2022 Cash paid for amounts included in the measurement of Operating cash flows from operating leases $ 15,480 $ 15,005 Operating cash flows from finance leases 530 587 Financing cash flows from finance leases 2,645 1,592 ROU assets obtained in exchange for new lease obligations: Operating leases $ 1,623 $ 1,806 Finance leases 1,796 556 Weighted-average remaining lease term: Operating leases 7.4 years 7.5 years Finance leases 8.0 years 8.5 years Weighted-average discount rate: Operating leases 3.1 % 2.8 % Finance leases 3.9 % 4.3 % As of June 30, 2023, contract amount of $ 4.1 10 20 |
Pension and postretirement bene
Pension and postretirement benefits | 6 Months Ended |
Jun. 30, 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 Plans OPEB Plan Quarter ended June 30, Quarter ended June 30, (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 Pension Plans OPEB Plan Six months ended June 30, Six months ended June 30, (In thousands) 2023 2022 2023 2022 Personnel Cost: $ - $ - $ 95 $ 242 Other operating expenses: 15,774 9,600 3,041 1,966 (17,183) (17,694) - - - - - - 10,732 7,822 (1,106) - Total net periodic $ 9,323 $ (272) $ 2,030 $ 2,208 The following contributions for the year ending December For the six months ended For the year ending (In thousands) June 30, 2023 December 31, 2023 Pension Plans $ 114 $ 228 OPEB Plan $ 3,258 $ 5,924 |
Stock-based compensation
Stock-based compensation | 6 Months Ended |
Jun. 30, 2023 | |
Disclosure of compensation related costs sharebased payments [Abstract] | |
Stock-based Compensation | Note 30 - Stock-based compensation Incentive Plan On May 12, 2020, 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 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 awards based actual determined based on the probability of achieving the ROATCE goal as of each reporting period. equally 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 258,018 67.04 Performance Shares Quantity Adjustment 11,499 75.96 Vested (223,471) 66.77 Forfeited (15,371) 55.82 Non-vested at June 30, 2023 312,638 $ 58.20 During 130,815 83,462 ) management under the Incentive no to management 200,303 2022 – 136,046 ) and 57,715 56,857 ) were awarded to management under the During the quarter ended June 30, 2023, the Corporation recognized 3.3 incentive awards, with a tax benefit of $ 0.8 2.9 0.7 ended June 30, 2023, the Corporation recognized $ 7.7 with a tax benefit of 1.1 7.5 1.2 2023, the fair market value 10.6 13.4 at vesting date. This 1.0 the quarter ended June 30, 2023 the Corporation recognized (0.1) (4) thousand due to 0.3 12 six months ended June 30, 2023, the Corporation recognized $ 3.5 0.1 million (June 30, 4.0 0.3 vested 15.8 expected to be recognized over a weighted-average 1.9 The following table summarizes the restricted stock (Not in thousands) RSUs / Unrestricted stock 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 36,328 54.78 Vested (36,328) 54.78 Forfeited - - Non-vested at June 30, 2023 $ - $ - The forfeitable on the restricted stock, the shares Corporation’s outstanding common stock, the equivalent. For 2023 32,999 2,300 23,022 related 1.9 0.4 1.8 0.3 million). granted 34,028 2,300 Directors (June 30, 2022 - 23,552 2.0 benefit of $ 0.4 1.8 0.3 vested during the six months ended June 30, 2023 2.0 |
Income taxes
Income taxes | 6 Months Ended |
Jun. 30, 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 June 30, 2023 June 30, 2022 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 72,998 38 % $ 103,362 38 % Net benefit of tax exempt interest income (27,316) (14) (34,397) (12) Effect of income subject to preferential tax rate 278 - (3,097) (1) Deferred tax asset valuation allowance 994 1 2,047 - Difference in tax rates due to multiple jurisdictions (3,869) (2) (6,817) (3) State and local taxes 3,037 2 3,566 1 Others (2,619) (2) (452) - Income tax expense $ 43,503 22 % $ 64,212 23 % Six months ended June 30, 2023 June 30, 2022 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 149,983 38 % $ 201,674 38 % Net benefit of tax exempt interest income (49,218) (12) (77,266) (15) Deferred tax asset valuation allowance (3,572) (1) 5,938 1 Difference in tax rates due to multiple jurisdictions (9,039) (2) (13,310) (3) Effect of income subject to preferential tax rate (576) - (7,042) (1) State and local taxes 6,392 2 7,231 1 Others (4,153) (1) (2,534) - Income tax expense $ 89,817 22 % $ 114,691 21 % For the quarter 43.5 89.8 million, respectively, 64.2 114.7 expense ended June 30, 2023. The following table presents a breakdown of the June 30, 2023 PR US Total Deferred tax assets: Tax credits available $ 261 $ 6,934 $ 7,195 Net operating loss and other carryforward available 122,293 649,973 772,266 Postretirement and pension benefits 46,920 - 46,920 Allowance for credit losses 238,377 30,595 268,972 Depreciation 6,033 6,345 12,378 FDIC-assisted transaction 152,665 - 152,665 Lease liability 29,241 21,058 50,299 Unrealized net loss on investment securities 235,339 22,720 258,059 Difference in outside basis from pass-through entities 32,234 - 32,234 Mortgage Servicing Rights 14,700 - 14,700 Other temporary differences 30,222 9,070 39,292 Total gross deferred 908,285 746,695 1,654,980 Deferred tax liabilities: Intangibles 83,032 56,209 139,241 Right of use assets 26,856 18,283 45,139 Deferred loan origination fees/cost 2,096 2,478 4,574 Loans acquired 20,914 - 20,914 Other temporary differences 6,522 422 6,944 Total gross deferred 139,420 77,392 216,812 Valuation allowance 138,825 398,360 537,185 Net deferred tax asset $ 630,040 $ 270,943 $ 900,983 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 3.6 deferred 2.6 assets United States. At 669 approximately $ 398 271 evaluates profitability for stability for the U.S. operations. the positive Corporation evaluated challenges to evidence, the Corporation concluded that it is more likely than not that approximately $ 271 U.S. estimated earnings available to realize the deferred tax asset for the remaining carryforward period, together with the historical level of book the pre-tax earnings net interest income margin, changes in assess the future realization of the deferred At June 30, 2023, the Corporation’s net deferred tax assets 630 The Corporation’s Puerto Rico Banking operation is not in a cumulative loss position and has sustained profitability for the last three calendar years and for the quarter ended June 30, 2023. This is considered a strong piece of objectively verifiable positive evidence that Based on than not that such net deferred tax asset of The temporary differences, for the last three calendar years and for the quarter will be a trend that will suggest that income in future years all positive Company will not be allowance on the deferred tax asset of $ 139 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 Balance at June 30 $ 2.5 $ 3.5 At June 2.7 (December 31, 2.6 53 $ 165 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 $ 4.4 million at June 30, 2023 (December 31, 2022 - $ 4.3 The amount of current judgment about uncertain tax positions. months amounting to $ 1.5 The political Federal jurisdiction: 2019 and thereafter; and in |
Supplemental disclosure on the
Supplemental disclosure on the consolidated statements of cash flows | 6 Months Ended |
Jun. 30, 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) June 30, 2023 June 30, 2022 Non-cash activities: $ 35,133 $ 37,434 34,497 25,836 69,630 63,270 6,363 4,183 5,075 4,282 25,409 20,466 30,484 24,748 35,492 19,745 - 440 49,361 9,199 2,150 5,773 [1] 24,359 258,998 6,460 44,474 1,022 10,313 124,708 - 1,240 5,032 1,165 5,544 10,006 4,510 [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) June 30, 2023 June 30, 2022 Cash and due from banks $ 450,125 $ 476,768 Restricted cash and due from banks 26,517 51,822 Restricted cash in money market investments 6,058 6,787 Total cash and due [2] $ 482,700 $ 535,377 [2] Refer to Note 5 - Restrictions on cash and due from banks |
Segment reporting
Segment reporting | 6 Months Ended |
Jun. 30, 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 June 30, 2023 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 453,075 $ 87,502 $ - Provision for credit losses 29,345 7,907 - Non-interest income 143,804 5,887 (134) Amortization of intangibles 485 310 - Depreciation expense 11,875 1,885 - Other operating expenses 386,069 61,151 (134) Income tax expense 37,303 6,850 - Net income $ 131,802 $ 15,286 $ - Segment assets $ 58,392,177 $ 12,549,742 $ (442,125) For the quarter ended June 30, 2023 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 540,577 $ (8,909) $ - $ 531,668 Provision for credit losses (benefit) 37,252 (60) - 37,192 Non-interest income 149,557 13,012 (2,098) 160,471 Amortization of intangibles 795 - - 795 Depreciation expense 13,760 355 - 14,115 Other operating expenses 447,086 (556) (1,156) 445,374 Income tax expense (benefit) 44,153 (289) (361) 43,503 Net income $ 147,088 $ 4,653 $ (581) $ 151,160 Segment assets $ 70,499,794 $ 5,844,554 $ (5,506,082) $ 70,838,266 For the six months ended June 30, 2023 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 902,895 $ 177,588 $ 1 Provision for credit losses 75,053 9,972 - Non-interest income 291,275 12,271 (270) Amortization of intangibles 969 621 - Depreciation expense 23,544 3,699 - Other operating expenses 749,784 124,468 (270) Income tax expense 80,135 10,826 - Net income $ 264,685 $ 40,273 $ 1 Segment assets $ 58,392,177 $ 12,549,742 $ (442,125) For the six months ended June 30, 2023 Reportable Total (In thousands) Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,080,484 $ (17,160) $ - $ 1,063,324 Provision for credit losses (benefit) 85,025 (196) - 84,829 Non-interest income 303,276 22,726 (3,570) 322,432 Amortization of intangibles 1,590 - - 1,590 Depreciation expense 27,243 714 - 27,957 Other operating expenses 873,982 (326) (2,232) 871,424 Income tax expense (benefit) 90,961 (610) (534) 89,817 Net income $ 304,959 $ 5,984 $ (804) $ 310,139 Segment assets $ 70,499,794 $ 5,844,554 $ (5,506,082) $ 70,838,266 2022 For the quarter ended June 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Eliminations Net interest income $ 447,794 $ 93,431 $ 1 Provision for credit losses (benefit) 8,818 588 - Non-interest income 144,377 4,919 (136) Amortization of intangibles 485 310 - Depreciation expense 11,675 1,755 - Other operating expenses 337,979 55,911 (136) Income tax expense 53,588 11,697 - Net income $ 179,626 $ 28,089 $ 1 Segment assets $ 60,435,535 $ 10,820,953 $ (172,039) For the quarter ended June 30, 2022 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 541,226 $ (7,364) $ - $ 533,862 Provision for credit losses (benefit) 9,406 (44) - 9,362 Non-interest income 149,160 11,567 (3,316) 157,411 Amortization of intangibles 795 - - 795 Depreciation expense 13,430 294 - 13,724 Other operating expenses 393,754 (547) (1,448) 391,759 Income tax expense (benefit) 65,285 (335) (738) 64,212 Net income $ 207,716 $ 4,835 $ (1,130) $ 211,421 Segment assets $ 71,084,449 $ 5,456,518 $ (5,039,036) $ 71,501,931 For the six months ended June 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Net interest income $ 862,963 $ 179,951 $ 2 Provision for credit losses (benefit) (4,872) (1,431) - Non-interest income 280,239 10,873 (273) Amortization of intangibles 969 717 - Depreciation expense 23,192 3,579 - Other operating expenses 672,857 109,550 (272) Income tax expense 92,904 23,289 - Net income $ 358,152 $ 55,120 $ 1 Segment assets $ 60,435,535 $ 10,820,953 $ (172,039) For the six months ended June 30, 2022 Reportable Total (In thousands) Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,042,916 $ (14,742) $ - $ 1,028,174 Provision for credit losses (benefit) (6,303) 165 - (6,138) Non-interest income 290,839 25,832 (4,568) 312,103 Amortization of intangibles 1,686 - - 1,686 Depreciation expense 26,771 583 - 27,354 Other operating expenses 782,135 (103) (2,455) 779,577 Income tax expense (benefit) 116,193 (667) (835) 114,691 Net income $ 413,273 $ 11,112 $ (1,278) $ 423,107 Segment assets $ 71,084,449 $ 5,456,518 $ (5,039,036) $ 71,501,931 Geographic Information The following information presents selected its business. The BPPR operations lending activities in months ended, BPPR participated in 3 million and $ 23 93 $ 93 amounted 1.4 1.2 generated 55.5 26.1 interest banking 22.7 ended June 30, 2023 (2022 - $ 22.3 Geographic Information Quarter ended Six months ended (In thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Revenues: [1] $ 536,075 $ 560,635 $ 1,083,978 $ 1,088,308 132,720 111,369 257,765 214,543 23,344 19,269 44,013 37,426 Total consolidated $ 692,139 $ 691,273 $ 1,385,756 $ 1,340,277 [1] Total revenues include including impairment on equity securities, net gain (loss) on other operating income. Selected Balance Sheet Information: (In thousands) June 30, 2023 December 31, 2022 Puerto Rico Total assets $ 55,719,290 $ 53,541,427 Loans 21,323,370 20,884,442 Deposits 53,166,029 51,138,790 United States Total assets $ 13,907,471 $ 12,718,775 Loans 11,215,440 10,643,964 Deposits 9,069,798 8,182,702 Other Total assets $ 1,211,505 $ 1,377,715 Loans 547,533 554,744 Deposits [1] 1,768,991 1,905,735 [1] Represents deposits from BPPR operations located in the |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Pay vs Performance disclosure [Line Items] | ||||
Net income | $ 151,160 | $ 211,421 | $ 310,139 | $ 423,107 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Jun. 30, 2023 | |
Insider trading arrangement [Line Items] | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Basis of presentation (Policies
Basis of presentation (Policies) | 6 Months Ended |
Jun. 30, 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 Quarter ended Six months ended 30-Jun-22 30-Jun-22 Financial statement line item As reported Adjustments Adjusted As reported Adjustments Adjusted Equipment expenses $ 25,088 $ (16,414) $ 8,674 48,567 (31,504) 17,063 Professional fees 114,872 (76,442) 38,430 223,369 (148,147) 75,222 Technology and - 74,761 74,761 - 145,296 145,296 Processing and transactional services - 31,037 31,037 - 61,990 61,990 Communications 5,993 (2,496) 3,497 12,140 (4,970) 7,170 Other operating expenses 28,738 (10,446) 18,292 64,887 (22,665) 42,222 Net effect on operating expenses $ 174,691 $ - $ 174,691 $ 348,963 $ - $ 348,963 |
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) | 6 Months Ended |
Jun. 30, 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 an 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 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. FASB ASU 2023-03, Presentation of Financial Statements (Topic 205), Income Statement— Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (505), and Compensation—Stock Compensation (Topic 718) The Update (“ASU”) 2023-03 in amends paragraphs conform guidance 14, and 6.B. July 2023 The the codifies previous guidance. FASB ASU 2023-04, Liabilities (Topic 405) The Update which amends SEC Topic disclosure Crypto-Assets platform users. August 2024 The the not users. 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 Prior Corporation will this amortization treatment associated leases. For other recently issued Accounting Standards included in the 2022 Form 10-K. |
Summary of significant accoun_2
Summary of significant accounting policies (Policies) | 6 Months Ended |
Jun. 30, 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 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) | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies | |
Fair value measurement policy | ASC Subtopic valuation techniques measurements and disclosures. The hierarchy is broken Level - Unadjusted access at the valuations are based on quoted prices that are Level 2 - Quoted include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets substantially the full term of the financial instrument. Level 3 - Inputs are unobservable and significant own judgements about assumptions that market participants 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) | 6 Months Ended |
Jun. 30, 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) | 6 Months Ended |
Jun. 30, 2023 | |
Nature of operations and basis of presentation [Abstract] | |
Reclassification of Other Operating Expenses | Quarter ended Six months ended 30-Jun-22 30-Jun-22 Financial statement line item As reported Adjustments Adjusted As reported Adjustments Adjusted Equipment expenses $ 25,088 $ (16,414) $ 8,674 48,567 (31,504) 17,063 Professional fees 114,872 (76,442) 38,430 223,369 (148,147) 75,222 Technology and - 74,761 74,761 - 145,296 145,296 Processing and transactional services - 31,037 31,037 - 61,990 61,990 Communications 5,993 (2,496) 3,497 12,140 (4,970) 7,170 Other operating expenses 28,738 (10,446) 18,292 64,887 (22,665) 42,222 Net effect on operating expenses $ 174,691 $ - $ 174,691 $ 348,963 $ - $ 348,963 |
Debt securities available-for_2
Debt securities available-for-sale (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Investments [Abstract] | |
Debt Securities, Available-For-Sale | At June 30, 2023 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 5,923,108 $ 738 $ 64,897 $ 5,858,949 3.17 % After 1 to 5 years 5,164,568 - 325,078 4,839,490 1.34 After 5 to 10 years 308,191 - 38,648 269,543 1.63 Total U.S. Treasury 11,395,867 738 428,623 10,967,982 2.30 Collateralized mortgage obligations - federal agencies After 1 to 5 years 21,581 - 1,416 20,165 1.53 After 5 to 10 years 22,328 - 1,871 20,457 1.96 After 10 years 118,716 21 11,307 107,430 2.57 Total collateralized 162,625 21 14,594 148,052 2.35 Mortgage-backed securities Within 1 year 2,049 - 48 2,001 3.39 After 1 to 5 years 74,177 7 4,006 70,178 2.36 After 5 to 10 years 818,545 27 61,887 756,685 2.20 After 10 years 6,420,939 606 1,125,259 5,296,286 1.63 Total mortgage-backed 7,315,710 640 1,191,200 6,125,150 1.70 Other After 1 to 5 years 1,034 - 1 1,033 3.99 Total other 1,034 - 1 1,033 3.99 Total debt securities [1] $ 18,875,236 $ 1,399 $ 1,634,418 $ 17,242,217 2.07 % [1] 12.9 servicing agreements that the secured parties are not permitted 11.9 public funds. 4.2 borrowing 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 June 30, 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 $ 490,744 $ 11,327 $ 7,622,733 $ 417,296 $ 8,113,477 $ 428,623 Collateralized mortgage obligations - federal agencies 37,683 2,204 107,840 12,390 145,523 14,594 Mortgage-backed securities 171,299 10,042 5,916,052 1,181,158 6,087,351 1,191,200 Other 33 1 - - 33 1 Total debt securities $ 699,759 $ 23,574 $ 13,646,625 $ 1,610,844 $ 14,346,384 $ 1,634,418 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) | 6 Months Ended |
Jun. 30, 2023 | |
Investments [Abstract] | |
Debt Securities, Held-to-maturity | At June 30, 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 $ 598,603 $ 598,603 $ - $ 598,603 $ - $ 8,926 $ 589,677 2.55 % After 1 to 5 years 7,056,531 6,471,438 - 6,471,438 - 106,735 6,364,703 1.42 After 5 to 10 years 1,427,865 1,266,528 - 1,266,528 - 14,050 1,252,478 1.50 Total U.S. Treasury 9,082,999 8,336,569 - 8,336,569 - 129,711 8,206,858 1.51 Obligations of Puerto Rico, States and political subdivisions Within 1 year 4,730 4,730 12 4,718 12 5 4,725 6.14 After 1 to 5 years 20,282 20,282 195 20,087 95 156 20,026 3.74 After 5 to 10 years 1,025 1,025 33 992 33 - 1,025 5.80 After 10 years 40,434 40,434 5,905 34,529 3,172 2,801 34,900 1.41 Total obligations of political subdivisions 66,471 66,471 6,145 60,326 3,312 2,962 60,676 2.53 Collateralized mortgage obligations - federal agencies Within 1 year 16 16 - 16 - - 16 6.44 After 10 years 1,550 1,550 - 1,550 - 110 1,440 2.87 Total collateralized federal agencies 1,566 1,566 - 1,566 - 110 1,456 2.91 Securities in wholly owned statutory business trusts After 10 years 5,960 5,960 - 5,960 - - 5,960 6.33 Total securities business trusts 5,960 5,960 - 5,960 - - 5,960 6.33 Total debt securities $ 9,156,996 $ 8,410,566 $ 6,145 $ 8,404,421 $ 3,312 $ 132,783 $ 8,274,950 1.52 % [1] Book value includes $ 746 securities transferred from available-for-sale securities [2] Includes $ 7.4 Corporation had unpledged held-to-maturities securities with 934 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 June 30, 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 June 30, 2023 2022 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 6,792 $ 7,844 Provision for credit losses (benefit) (647) (349) Securities charged-off - - Recoveries - - Ending balance $ 6,145 $ 7,495 For the six months ended June 30, 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) (766) (601) Securities charged-off - - Recoveries - - Ending balance $ 6,145 $ 7,495 |
Loans (Tables)
Loans (Tables) | 6 Months Ended |
Jun. 30, 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 acquisition, evidence of more than insignificant deterioration as follows: (In thousands) For the quarter ended June 30, 2023 For the six months ended June 30, 2023 Purchase price of loans at acquisition $ 277 $ 532 Allowance for credit losses at acquisition 10 78 Non-credit discount / (premium) at acquisition - 9 Par value of acquired loans at acquisition $ 287 $ 619 (In thousands) For the quarter ended June 30, 2022 For the six months ended June 30, 2022 Purchase price of loans at acquisition $ 591 $ 2,593 Allowance for credit losses at acquisition 170 782 Non-credit discount / (premium) at acquisition 26 125 Par value of acquired loans at acquisition $ 787 $ 3,500 |
Loans Held in Portfolio | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Past due financing receivables | June 30, 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 $ 3,778 $ 179 $ 184 $ 4,141 $ 292,736 $ 296,877 $ 184 $ - Commercial real estate: Non-owner occupied 177 512 22,942 23,631 2,882,616 2,906,247 22,942 - Owner occupied 1,241 700 35,832 37,773 1,390,285 1,428,058 35,832 - Commercial and industrial 2,597 728 32,846 36,171 4,002,652 4,038,823 29,758 3,088 Construction - 970 9,284 10,254 163,481 173,735 9,284 - Mortgage 221,187 88,955 449,930 760,072 5,408,216 6,168,288 194,219 255,711 Leasing 13,160 3,811 4,743 21,714 1,639,809 1,661,523 4,743 - Consumer: Credit cards 9,506 6,311 14,185 30,002 1,027,370 1,057,372 - 14,185 Home equity lines of credit - - - - 2,570 2,570 - - Personal 14,865 11,660 17,438 43,963 1,642,003 1,685,966 17,438 - Auto 75,879 18,422 36,204 130,505 3,435,028 3,565,533 36,204 - Other 512 274 1,901 2,687 132,605 135,292 1,735 166 Total $ 342,902 $ 132,522 $ 625,489 $ 1,100,913 $ 22,019,371 $ 23,120,284 $ 352,339 $ 273,150 June 30, 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 $ 3,137 $ - $ 418 $ 3,555 $ 2,031,067 $ 2,034,622 $ 418 $ - Commercial real estate: Non-owner occupied 632 - 119 751 1,837,258 1,838,009 119 - Owner occupied 1,806 - 5,095 6,901 1,606,439 1,613,340 5,095 - Commercial and industrial 2,464 1,738 6,155 10,357 2,201,967 2,212,324 5,978 177 Construction - - - - 646,168 646,168 - - Mortgage 1,101 5,435 14,577 21,113 1,259,677 1,280,790 14,577 - Consumer: Credit cards - - - - 17 17 - - Home equity lines of credit 464 49 4,252 4,765 61,105 65,870 4,252 - Personal 2,766 1,725 2,726 7,217 203,411 210,628 2,726 - Other - 154 - 154 8,716 8,870 - - Total $ 12,370 $ 9,101 $ 33,342 $ 54,813 $ 9,855,825 $ 9,910,638 $ 33,165 $ 177 June 30, 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 $ 6,915 $ 179 $ 602 $ 7,696 $ 2,323,803 $ 2,331,499 $ 602 $ - Commercial real estate: Non-owner occupied 809 512 23,061 24,382 4,719,874 4,744,256 23,061 - Owner occupied 3,047 700 40,927 44,674 2,996,724 3,041,398 40,927 - Commercial and industrial 5,061 2,466 39,001 46,528 6,204,619 6,251,147 35,736 3,265 Construction - 970 9,284 10,254 809,649 819,903 9,284 - Mortgage [1] 222,288 94,390 464,507 781,185 6,667,893 7,449,078 208,796 255,711 Leasing 13,160 3,811 4,743 21,714 1,639,809 1,661,523 4,743 - Consumer: Credit cards 9,506 6,311 14,185 30,002 1,027,387 1,057,389 - 14,185 Home equity lines of credit 464 49 4,252 4,765 63,675 68,440 4,252 - Personal 17,631 13,385 20,164 51,180 1,845,414 1,896,594 20,164 - Auto 75,879 18,422 36,204 130,505 3,435,028 3,565,533 36,204 - Other 512 428 1,901 2,841 141,321 144,162 1,735 166 Total $ 355,272 $ 141,623 $ 658,831 $ 1,155,726 $ 31,875,196 $ 33,030,922 $ 385,504 $ 273,327 [1] It is the Corporation’s policy to report delinquent residential the U.S. Department of Veterans Affairs repayment is insured. 133 longer accruing interest as of June 30, 2023. Furthermore, 39 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 $ 324 55 [3] Includes $ 11 .0 billion pledged to secure credit facilities and public of which $ 6.1 4.9 Bank ("FRB") for discount window borrowings. The Corporation Federal Reserve Bank of New York 3.4 3.1 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 | June 30, 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 $ - $ 184 $ - $ 418 $ - $ 602 Commercial real estate non-owner occupied 18,924 4,018 - 119 18,924 4,137 Commercial real estate owner occupied 24,420 11,412 5,095 - 29,515 11,412 Commercial and industrial 16,304 13,454 - 5,978 16,304 19,432 Construction - 9,284 - - - 9,284 Mortgage 103,821 90,398 503 14,074 104,324 104,472 Leasing 221 4,522 - - 221 4,522 Consumer: - - - 4,252 - 4,252 4,768 12,670 - 2,726 4,768 15,396 1,293 34,911 - - 1,293 34,911 263 1,472 - - 263 1,472 Total $ 170,014 $ 182,325 $ 5,598 $ 27,567 $ 175,612 $ 209,892 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 | June 30, 2023 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total BPPR Commercial multi-family $ 1,303 $ - $ - $ - $ - $ 1,303 Commercial real estate: Non-owner occupied 178,349 - - - - 178,349 Owner occupied 31,318 - - - - 31,318 Commercial and industrial 1,094 - 20 7,524 18,792 27,430 Construction 14,706 - - - - 14,706 Mortgage 109,215 - - - - 109,215 Leasing - 1,028 - - - 1,028 Consumer: Personal 5,043 - - - - 5,043 Auto - 10,672 - - - 10,672 Other - - - - 312 312 Total BPPR $ 341,028 $ 11,700 $ 20 $ 7,524 $ 19,104 $ 379,376 Popular U.S. Commercial real estate: Owner occupied $ 5,095 $ - $ - $ - $ - $ 5,095 Commercial and industrial - - - - 3,628 3,628 Construction 4,700 - - - - 4,700 Mortgage 913 - - - - 913 Total Popular U.S. $ 10,708 $ - $ - $ - $ 3,628 $ 14,336 Popular, Inc. Commercial multi-family $ 1,303 $ - $ - $ - $ - $ 1,303 Commercial real estate: Non-owner occupied 178,349 - - - - 178,349 Owner occupied 36,413 - - - - 36,413 Commercial and industrial 1,094 - 20 7,524 22,420 31,058 Construction 19,406 - - - - 19,406 Mortgage 110,128 - - - - 110,128 Leasing - 1,028 - - - 1,028 Consumer: Personal 5,043 - - - - 5,043 Auto - 10,672 - - - 10,672 Other - - - - 312 312 Total Popular, $ 351,736 $ 11,700 $ 20 $ 7,524 $ 22,732 $ 393,712 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) | 6 Months Ended |
Jun. 30, 2023 | |
Allowance for credit losses on financing receivables | The following tables months ended June 30, 2023 and 2022. For the quarter ended June 30, 2023 BPPR Provision for Allowance for Net Write down Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balances Allowance for credit losses - loans: Commercial Commercial multi-family $ 4,756 $ 30 $ - $ - $ 1 $ - $ 4,787 Commercial real estate non-owner occupied 53,894 (98) - (609) 179 - 53,366 Commercial real estate owner occupied 46,009 (4,437) - (76) 405 - 41,901 Commercial and industrial 77,042 3,164 - (1,061) 2,492 - 81,637 Total Commercial 181,701 (1,341) - (1,746) 3,077 - 181,691 Construction 3,072 6,482 - - - - 9,554 Mortgage 89,077 (9,572) 10 (297) 3,681 - 82,899 Leasing 20,990 (5,470) - (2,540) 947 - 13,927 Consumer 67,953 10,558 - (8,457) 1,955 (601) 71,408 100 (29) - (35) 60 - 96 88,408 20,279 - (16,601) 3,960 - 96,046 130,829 5,909 - (8,099) 5,608 - 134,247 4,877 1,563 - (354) 154 - 6,240 Total Consumer 292,167 38,280 - (33,546) 11,737 (601) 308,037 Total - Loans $ 587,007 $ 28,379 $ 10 $ (38,129) $ 19,442 $ (601) $ 596,108 Allowance for credit losses - unfunded commitments: Commercial $ 4,900 $ 388 $ - $ - $ - $ - $ 5,288 Construction 1,946 1,164 - - - - 3,110 Ending balance - unfunded commitments [1] $ 6,846 $ 1,552 $ - $ - $ - $ - $ 8,398 [ 1 ] [1] Allowance for credit losses of unfunded commitments For the quarter ended June 30, 2023 Popular U.S. Provision for Beginning credit losses - Ending (In thousands) Balance (benefits) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 20,610 $ 781 $ - $ 1 $ 21,392 Commercial real estate non-owner occupied 17,956 328 - 66 18,350 Commercial real estate owner occupied 8,488 1,174 (177) 21 9,506 Commercial and industrial 15,224 4,524 (2,081) 347 18,014 Total Commercial 62,278 6,807 (2,258) 435 67,262 Construction 1,258 520 - - 1,778 Mortgage 15,400 (2,315) - 109 13,194 Consumer - - - - - 1,853 55 (52) 218 2,074 21,321 2,169 (4,287) 579 19,782 3 46 (47) - 2 Total Consumer 23,177 2,270 (4,386) 797 21,858 Total - Loans $ 102,113 $ 7,282 $ (6,644) $ 1,341 $ 104,092 Allowance for credit losses - unfunded commitments: Commercial $ 1,229 $ 119 $ - $ - $ 1,348 Construction 1,278 519 - - 1,797 Consumer 62 (12) - - 50 Ending balance - unfunded commitments [1] $ 2,569 $ 626 $ - $ - $ 3,195 [1] Allowance for credit losses of unfunded commitments is For the quarter ended June 30, 2023 Popular Inc. Provision for Allowance for Net Write Down 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 $ 25,366 $ 811 $ - $ - $ 2 $ - $ 26,179 Commercial real estate non-owner occupied 71,850 230 - (609) 245 - 71,716 Commercial real estate owner occupied 54,497 (3,263) - (253) 426 - 51,407 Commercial and industrial 92,266 7,688 - (3,142) 2,839 - 99,651 Total Commercial 243,979 5,466 - (4,004) 3,512 - 248,953 Construction 4,330 7,002 - - - - 11,332 Mortgage 104,477 (11,887) 10 (297) 3,790 - 96,093 Leasing 20,990 (5,470) - (2,540) 947 - 13,927 Consumer 67,953 10,558 - (8,457) 1,955 (601) 71,408 1,953 26 - (87) 278 - 2,170 109,729 22,448 - (20,888) 4,539 - 115,828 130,829 5,909 - (8,099) 5,608 - 134,247 4,880 1,609 - (401) 154 - 6,242 Total Consumer 315,344 40,550 - (37,932) 12,534 (601) 329,895 Total - Loans $ 689,120 $ 35,661 $ 10 $ (44,773) $ 20,783 $ (601) $ 700,200 Allowance for credit losses - unfunded commitments: Commercial $ 6,129 $ 507 $ - $ - $ - $ - $ 6,636 Construction 3,224 1,683 - - - - 4,907 Consumer 62 (12) - - - - 50 Ending balance - unfunded commitments [1] $ 9,415 $ 2,178 $ - $ - $ - $ - $ 11,593 [1] Allowance for credit losses of unfunded commitments is For the six months ended June 30, 2023 BPPR Impact of Provision for Allowance for Net write down Beginning Adopting credit losses credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-off Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 5,210 $ - $ (424) $ - $ - $ 1 $ - $ 4,787 Commercial real estate non-owner occupied 52,475 - 1,186 - (609) 314 - 53,366 Commercial real estate owner occupied 48,393 (1,161) (7,167) - (79) 1,915 - 41,901 Commercial and industrial 68,217 (552) 12,983 - (2,668) 3,657 - 81,637 Total Commercial 174,295 (1,713) 6,578 - (3,356) 5,887 - 181,691 Construction 2,978 - 6,576 - - - - 9,554 Mortgage 117,344 (33,556) (8,305) 78 (1,143) 8,481 - 82,899 Leasing 20,618 (35) (4,736) - (3,957) 2,037 - 13,927 Consumer 58,670 - 26,128 - (17,133) 4,344 (601) 71,408 103 - (68) - (68) 129 - 96 96,369 (7,020) 31,383 - (30,181) 5,495 - 96,046 129,735 (21) 14,228 - (20,217) 10,522 - 134,247 15,433 - 1,798 - (11,361) 370 - 6,240 Total Consumer 300,310 (7,041) 73,469 - (78,960) 20,860 (601) 308,037 Total - Loans $ 615,545 $ (42,345) $ 73,582 $ 78 $ (87,416) $ 37,265 $ (601) $ 596,108 Allowance for credit losses - unfunded commitments: Commercial $ 4,336 $ - $ 952 $ - $ - $ - $ - $ 5,288 Construction 2,022 - 1,088 - - - - 3,110 Ending balance - unfunded commitments [1] $ 6,358 $ - $ 2,040 $ - $ - $ - $ - $ 8,398 [1] Allowance for credit losses of unfunded commitments is For the six months ended June 30, 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 $ - $ 288 $ - $ 3 $ 21,392 Commercial real estate non-owner occupied 19,065 - (2,633) - 1,918 18,350 Commercial real estate owner occupied 8,688 - 950 (177) 45 9,506 Commercial and industrial 12,227 - 7,052 (2,580) 1,315 18,014 Total Commercial 61,081 - 5,657 (2,757) 3,281 67,262 Construction 1,268 - 510 - - 1,778 Mortgage 17,910 (2,098) (2,741) - 123 13,194 Consumer - - 1 (1) - - 2,439 - (657) (195) 487 2,074 22,057 (1,140) 6,360 (8,457) 962 19,782 2 - 95 (100) 5 2 Total Consumer 24,498 (1,140) 5,799 (8,753) 1,454 21,858 Total - Loans $ 104,757 $ (3,238) $ 9,225 $ (11,510) $ 4,858 $ 104,092 Allowance for credit losses - unfunded commitments: Commercial $ 1,175 $ - $ 173 $ - $ - $ 1,348 Construction 1,184 - 613 - - 1,797 Consumer 88 - (38) - - 50 Ending balance - unfunded commitments [1] $ 2,447 $ - $ 748 $ - $ - $ 3,195 [1] Allowance for credit losses of unfunded commitments is For the six months ended June 30, 2023 Popular Inc. Impact Provision for Allowance for Net write down 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 $ - $ (136) $ - $ - $ 4 $ - $ 26,179 Commercial real estate non-owner occupied 71,540 - (1,447) - (609) 2,232 - 71,716 Commercial real estate owner occupied 57,081 (1,161) (6,217) - (256) 1,960 - 51,407 Commercial and industrial 80,444 (552) 20,035 - (5,248) 4,972 - 99,651 Total Commercial 235,376 (1,713) 12,235 - (6,113) 9,168 - 248,953 Construction 4,246 - 7,086 - - - - 11,332 Mortgage 135,254 (35,654) (11,046) 78 (1,143) 8,604 - 96,093 Leasing 20,618 (35) (4,736) - (3,957) 2,037 - 13,927 Consumer 58,670 - 26,129 - (17,134) 4,344 (601) 71,408 2,542 - (725) - (263) 616 - 2,170 118,426 (8,160) 37,743 - (38,638) 6,457 - 115,828 129,735 (21) 14,228 - (20,217) 10,522 - 134,247 15,435 - 1,893 - (11,461) 375 - 6,242 Total Consumer 324,808 (8,181) 79,268 - (87,713) 22,314 (601) 329,895 Total - Loans $ 720,302 $ (45,583) $ 82,807 $ 78 $ (98,926) $ 42,123 $ (601) $ 700,200 Allowance for credit losses - unfunded commitments: Commercial $ 5,511 $ - $ 1,125 $ - $ - $ - $ - $ 6,636 Construction 3,206 - 1,701 - - - - 4,907 Consumer 88 - (38) - - - - 50 Ending balance - unfunded commitments [1] $ 8,805 $ - $ 2,788 $ - $ - $ - $ - $ 11,593 [1] Allowance for credit losses of unfunded commitments is For the quarter ended June 30, 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 $ 3,435 $ 87 $ - $ - $ - $ 3,522 Commercial real estate non-owner occupied 51,639 (1,909) - (30) 693 50,393 Commercial real estate owner occupied 47,027 1,622 - (835) 1,658 49,472 Commercial and industrial 43,370 4,864 - (457) 2,383 50,160 Total Commercial 145,471 4,664 - (1,322) 4,734 153,547 Construction 2,414 265 - - 395 3,074 Mortgage 131,362 (5,953) 170 (1,367) 5,818 130,030 Leasing 18,398 1,306 - (1,496) 829 19,037 Consumer 43,782 5,634 - (6,418) 2,341 45,339 86 (69) - (74) 147 90 67,554 13,601 - (8,248) 1,892 74,799 152,330 (12,716) - (6,650) 4,258 137,222 15,214 2,396 - (389) 218 17,439 Total Consumer 278,966 8,846 - (21,779) 8,856 274,889 Total - Loans $ 576,611 $ 9,128 $ 170 $ (25,964) $ 20,632 $ 580,577 Allowance for credit losses - unfunded commitments: Commercial $ 1,647 $ 385 $ - $ - $ - $ 2,032 Construction 1,924 (390) - - - 1,534 Ending balance - unfunded commitments [1] $ 3,571 $ (5) $ - $ - $ - $ 3,566 [1] Allowance for credit losses of unfunded commitments is For the quarter ended June 30, 2022 Popular U.S. Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 22,655 $ (2,089) $ - $ 5 $ 20,571 Commercial real estate non-owner occupied 15,398 (1,128) - 14 14,284 Commercial real estate owner occupied 10,001 (1,035) - 110 9,076 Commercial and industrial 11,118 1,300 (397) 131 12,152 Total Commercial 59,172 (2,952) (397) 260 56,083 Construction 4,125 (290) - 4 3,839 Mortgage 17,844 494 (68) 5 18,275 Consumer - (1) - 1 - 3,625 (642) (42) 514 3,455 16,411 4,087 (1,239) 261 19,520 4 37 (47) 7 1 Total Consumer 20,040 3,481 (1,328) 783 22,976 Total - Loans $ 101,181 $ 733 $ (1,793) $ 1,052 $ 101,173 Allowance for credit losses - unfunded commitments: Commercial $ 1,318 $ (1) $ - $ - $ 1,317 Construction 2,135 (174) - - 1,961 Consumer 30 30 - - 60 Ending balance - unfunded commitments [1] $ 3,483 $ (145) $ - $ - $ 3,338 [1] Allowance for credit losses of unfunded commitments is For the quarter ended June 30, 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 $ 26,090 $ (2,002) $ - $ - $ 5 $ 24,093 Commercial real estate non-owner occupied 67,037 (3,037) - (30) 707 64,677 Commercial real estate owner occupied 57,028 587 - (835) 1,768 58,548 Commercial and industrial 54,488 6,164 - (854) 2,514 62,312 Total Commercial 204,643 1,712 - (1,719) 4,994 209,630 Construction 6,539 (25) - - 399 6,913 Mortgage 149,206 (5,459) 170 (1,435) 5,823 148,305 Leasing 18,398 1,306 - (1,496) 829 19,037 Consumer 43,782 5,633 - (6,418) 2,342 45,339 3,711 (711) - (116) 661 3,545 83,965 17,688 - (9,487) 2,153 94,319 152,330 (12,716) - (6,650) 4,258 137,222 15,218 2,433 - (436) 225 17,440 Total Consumer 299,006 12,327 - (23,107) 9,639 297,865 Total - Loans $ 677,792 $ 9,861 $ 170 $ (27,757) $ 21,684 $ 681,750 Allowance for credit losses - unfunded commitments: Commercial $ 2,965 $ 384 $ - $ - $ - $ 3,349 Construction 4,059 (564) - - - 3,495 Consumer 30 30 - - - 60 Ending balance - unfunded commitments [1] $ 7,054 $ (150) $ - $ - $ - $ 6,904 [1] Allowance for credit losses of unfunded commitments is Condition. For the six months ended June 30, 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 $ 472 $ - $ - $ - $ 3,522 Commercial real estate non-owner occupied 45,211 4,335 - (30) 877 50,393 Commercial real estate owner occupied 54,176 (8,469) - (953) 4,718 49,472 Commercial and industrial 49,491 (2,361) - (866) 3,896 50,160 Total Commercial 151,928 (6,023) - (1,849) 9,491 153,547 Construction 1,641 622 - - 811 3,074 Mortgage 138,286 (16,481) 782 (2,688) 10,131 130,030 Leasing 17,578 1,692 - (1,903) 1,670 19,037 Consumer 43,499 9,335 - (12,101) 4,606 45,339 98 (85) - (164) 241 90 71,022 15,214 - (15,106) 3,669 74,799 154,498 (10,023) - (15,528) 8,275 137,222 15,612 2,216 - (945) 556 17,439 Total Consumer 284,729 16,657 - (43,844) 17,347 274,889 Total - Loans $ 594,162 $ (3,533) $ 782 $ (50,284) $ 39,450 $ 580,577 Allowance for credit losses - unfunded commitments: Commercial $ 1,751 $ 281 $ - $ - $ - $ 2,032 Construction 2,388 (854) - - - 1,534 Ending balance - unfunded commitments [1] $ 4,139 $ (573) $ - $ - $ - $ 3,566 [1] Allowance for credit losses of unfunded commitments is For the six months ended June 30, 2022 Popular U.S. Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 25,418 $ (4,859) $ - $ 12 $ 20,571 Commercial real estate non-owner occupied 22,246 (7,979) - 17 14,284 Commercial real estate owner occupied 6,053 2,801 - 222 9,076 Commercial and industrial 10,160 1,753 (524) 763 12,152 Total Commercial 63,877 (8,284) (524) 1,014 56,083 Construction 4,722 (2,015) - 1,132 3,839 Mortgage 16,192 2,126 (68) 25 18,275 Consumer - (10) - 10 - 3,708 (1,634) (52) 1,433 3,455 12,700 8,703 (2,457) 574 19,520 5 103 (124) 17 1 Total Consumer 16,413 7,162 (2,633) 2,034 22,976 Total - Loans $ 101,204 $ (1,011) $ (3,225) $ 4,205 $ 101,173 Allowance for credit losses - unfunded commitments: Commercial $ 1,384 $ (67) $ - $ - $ 1,317 Construction 2,337 (376) - - 1,961 Consumer 37 23 - - 60 Ending balance - unfunded commitments [1] $ 3,758 $ (420) $ - $ - $ 3,338 [1] Allowance for credit losses of unfunded commitments is For the six months ended June 30, 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 $ (4,387) $ - $ - $ 12 $ 24,093 Commercial real estate non-owner occupied 67,457 (3,644) - (30) 894 64,677 Commercial real estate owner occupied 60,229 (5,668) - (953) 4,940 58,548 Commercial and industrial 59,651 (608) - (1,390) 4,659 62,312 Total Commercial 215,805 (14,307) - (2,373) 10,505 209,630 Construction 6,363 (1,393) - - 1,943 6,913 Mortgage 154,478 (14,355) 782 (2,756) 10,156 148,305 Leasing 17,578 1,692 - (1,903) 1,670 19,037 Consumer 43,499 9,325 - (12,101) 4,616 45,339 3,806 (1,719) - (216) 1,674 3,545 83,722 23,917 - (17,563) 4,243 94,319 154,498 (10,023) - (15,528) 8,275 137,222 15,617 2,319 - (1,069) 573 17,440 Total Consumer 301,142 23,819 - (46,477) 19,381 297,865 Total - Loans $ 695,366 $ (4,544) $ 782 $ (53,509) $ 43,655 $ 681,750 Allowance for credit losses - unfunded commitments: Commercial $ 3,135 $ 214 $ - $ - $ - $ 3,349 Construction 4,725 (1,230) - - - 3,495 Consumer 37 23 - - - 60 Ending balance - unfunded commitments [1] $ 7,897 $ (993) $ - $ - $ - $ 6,904 [1] Allowance for credit losses of unfunded commitments is |
Financing receivable modified for debtors experiencing financial difficulty | The following tables show the amortized cost basis of the loans modified to borrowers experiencing financial difficulties at the end of the reporting period ended June upon by period end are not reported. Loan Modifications Made to Borrowers Experiencing Financial Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Consumer: $ 222 0.02 % $ - - % $ 222 0.02 % 196 0.01 % 3 - % 199 0.01 % Total $ 418 - % $ 3 - % $ 421 - % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 24,978 0.86 % $ - - % $ 24,978 0.53 % CRE owner occupied 1,434 0.10 % 15,715 0.97 % 17,149 0.56 % Commercial and industrial 21,610 0.54 % - - % 21,610 0.35 % Construction 5,422 3.12 % - - % 5,422 0.66 % Mortgage 10,694 0.17 % 2,676 0.21 % 13,370 0.18 % Consumer: 48 - % 113 0.05 % 161 0.01 % 38 - % - - % 38 - % Total $ 64,224 0.28 % $ 18,504 0.19 % $ 82,728 0.25 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE owner occupied $ 748 0.05 % $ - - % $ 748 0.02 % Mortgage 137 - % - - % 137 - % Total $ 885 - % $ - - % $ 885 - % Combination - Term extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Commercial and industrial $ 58 - % $ - - % $ 58 - % Mortgage 11,372 0.18 % 81 0.01 % 11,453 0.15 % Consumer: 489 0.03 % - - % 489 0.03 % Total $ 11,919 0.05 % $ 81 - % $ 12,000 0.04 % Combination - Puerto Rico Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Commercial and industrial $ 78 0.00% $ - - $ 78 0.00% Consumer: 190 0.02% - - 190 0.02% Total $ 268 0.00% $ - - $ 268 0.00% Loan Modifications Made to Borrowers Experiencing Financial Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Mortgage $ 226 - % $ - - % $ 226 - % Consumer: 427 0.04 % - - % 427 0.04 % 313 0.02 % 3 - % 316 0.02 % 3 - % - - % 3 - % Total $ 969 - % $ 3 - % $ 972 - % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 24,978 0.86 % $ - - % $ 24,978 0.53 % CRE owner occupied 3,159 0.22 % 15,715 0.97 % 18,874 0.62 % Commercial and industrial 25,069 0.62 % - - % 25,069 0.40 % Construction 5,422 3.12 % 4,700 0.73 % 10,122 1.23 % Mortgage 25,100 0.41 % 4,515 0.35 % 29,615 0.40 % Consumer: 74 - % 165 0.08 % 239 0.01 % 38 - % - - % 38 - % Total $ 83,840 0.36 % $ 25,095 0.25 % $ 108,935 0.33 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 1,743 0.06 % $ - - % $ 1,743 0.04 % CRE owner occupied 13,812 0.97 % 13,650 0.85 % 27,462 0.90 % Commercial and industrial 1,395 0.03 % 822 0.04 % 2,217 0.04 % Mortgage 137 - % - - % 137 - % Total $ 17,087 0.07 % $ 14,472 0.15 % $ 31,559 0.10 % Combination - Term extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE owner occupied $ 101 0.01 % $ - - % $ 101 0.01 % Commercial and industrial 58 - % - - % 58 - % Mortgage 21,805 0.35 % 408 0.03 % 22,213 0.30 % Consumer: 907 0.05 % - - % 907 0.05 % 28 - % - - % 28 - % Total $ 22,899 0.10 % $ 408 - % $ 23,307 0.07 % Combination - Other-Than-Insignificant Payment Delays Puerto Rico Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Commercial and industrial $ 78 0.00% $ - - $ 78 0.00% Consumer: 445 0.04% - - 445 0.04% Total $ 523 0.00% $ - - $ 523 0.00% The following table describes the financial effect of the For the quarter ended June 30, 2023 Interest rate reduction Loan Type Financial Effect Commercial and industrial Reduced weighted-average contractual interest rate from 21.7 % to 8 .0%. Mortgage Reduced weighted-average contractual interest rate from 5.6 % to 4.1 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.6 % to 4.7 %. Personal Reduced weighted-average contractual interest rate from 20.3 % to 10.7 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 10 CRE Owner occupied Added a weighted-average of 1 Commercial and industrial Added a weighted-average of 1 Construction Added a weighted-average of 6 Mortgage Added a weighted-average of 12 Consumer: Personal Added a weighted-average of 6 Auto Added a weighted-average of 3 Other than insignificant payment delay Loan Type Financial Effect CRE Owner occupied Added a weighted-average of 24 Commercial and industrial Added a weighted-average of 24 Mortgage Added a weighted-average of 40 Consumer: Credit cards Added a weighted-average of 24 For the six months ended June 30, 2023 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 6 .0% to 5.3 %. Commercial and industrial Reduced weighted-average contractual interest rate from 21.7 % to 8 .0%. Mortgage Reduced weighted-average contractual interest rate from 5.7 % to 4.2 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.6 % to 4.6 %. Personal Reduced weighted-average contractual interest rate from 18.9 % to 10.3 %. Auto Reduced weighted-average contractual interest rate from 12.64 % to 12.62 %. Other Reduced weighted-average contractual interest rate from 18 .0% to 0 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 10 CRE Owner occupied Added a weighted-average of 1 Commercial and industrial Added a weighted-average of 1 Construction Added a weighted-average of 6 Mortgage Added a weighted-average of 11 Consumer: Personal Added a weighted-average of 6 Auto Added a weighted-average of 3 Other than insignificant payment delay Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 12 CRE Owner occupied Added a weighted-average of 8 Commercial and industrial Added a weighted-average of 9 Mortgage Added a weighted-average of 40 Consumer: Credit cards Added a weighted-average of 24 The following BPPR For the period ended June 30, 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 $ - $ - $ 428 $ 428 $ 26,293 $ 26,721 $ - $ 428 CRE Owner occupied - - 2,338 2,338 14,752 17,090 - 2,338 Commercial and industrial - - 872 872 25,728 26,600 114 758 Construction - - - - 5,422 5,422 - - Mortgage 3,158 1,611 16,213 20,982 26,286 47,268 1,047 15,166 Consumer: 36 50 91 177 695 872 51 40 30 - 331 361 933 1,294 8 323 - - 12 12 54 66 - 12 - - - - 3 3 - - Total $ 3,224 $ 1,661 $ 20,285 $ 25,170 $ 100,166 $ 125,336 $ 1,220 $ 19,065 [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 June 30, 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 $ - $ - $ - $ - $ 29,365 $ 29,365 $ - $ - Commercial and industrial - - - - 822 822 - - Construction - - - - 4,700 4,700 - - Mortgage - - 340 340 4,583 4,923 104 236 Consumer: - - 132 132 36 168 - 132 Total $ - $ - $ 472 $ 472 $ 39,506 $ 39,978 $ 104 $ 368 [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 June 30, 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 $ - $ - $ 428 $ 428 $ 26,293 $ 26,721 $ - $ 428 CRE Owner occupied - - 2,338 2,338 44,117 46,455 - 2,338 Commercial and industrial - - 872 872 26,550 27,422 114 758 Construction - - - - 10,122 10,122 - - Mortgage 3,158 1,611 16,553 21,322 30,869 52,191 1,151 15,402 Consumer: 36 50 91 177 695 872 51 40 30 - 463 493 969 1,462 8 455 - - 12 12 54 66 - 12 - - - - 3 3 - - Total $ 3,224 $ 1,661 $ 20,757 $ 25,642 $ 139,672 $ 165,314 $ 1,324 $ 19,433 [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 quarter and six months ended June 30, 2023 was considered immaterial for the Corporation. Payment default is defined as a restructured loan becoming 90 days |
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 | Popular Inc. For the quarter ended June 30, 2022 For the six month ended June 30, 2022 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial real estate non-owner occupied - 1 - 1 - 1 - 2 Commercial real estate owner occupied - 5 1 - 1 6 1 - Commercial and industrial 2 - 1 - 3 5 1 11 Mortgage 3 31 217 - 4 65 505 1 Leasing - - 1 - - - 1 - Consumer: 9 - - 7 24 - - 22 29 36 - 1 54 56 - 1 - - - - - 1 - - Total 43 73 220 9 86 134 508 37 |
Troubled Debt Restructurings on Financing Receivables | The following table presents, by class, quantitative ended June 30, 2022. Popular, Inc. For the quarter ended June 30, 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 2 $ 52 $ 51 $ 5 Commercial real estate owner occupied 6 12,377 12,369 (2,073) Commercial and industrial 3 156 153 30 Mortgage 251 29,907 31,134 1,091 Leasing 1 14 12 2 Consumer: 16 162 172 2 66 952 1,030 135 Total 345 $ 43,620 $ 44,921 $ (808) Popular, Inc. For the six months ended June 30, 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 3 $ 3,452 $ 3,451 $ 5 Commercial real estate owner occupied 8 13,106 13,096 (2,073) Commercial and industrial 20 49,502 49,308 2,060 Mortgage 575 64,783 66,726 2,111 Leasing 1 14 12 2 Consumer: 46 410 445 7 111 1,681 1,758 265 1 28 28 5 Total 765 $ 132,976 $ 134,824 $ 2,382 |
T D R Loans Subsequent Default | Popular Inc. Defaulted during the quarter ended June 30, 2022 Defaulted during the June 30, 2022 (In thousands) Loan count Recorded investment as of first default date Loan count Recorded Investment as of first default date Commercial and industrial 3 $ 2,496 3 $ 2,496 Mortgage 32 3,830 38 5,699 Consumer: 8 28 19 135 7 270 19 398 Total 50 $ 6,624 79 $ 8,728 |
Financing Receivable Credit Quality Indicators | June 30, 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 $ 6,839 $ - $ - $ - $ 18,329 $ 4,920 $ - $ - $ 30,088 Special Mention - - - - - 2,618 - - 2,618 Substandard - - - - - 3,195 100 - 3,295 Pass 31,280 140,323 22,693 20,657 15,816 29,842 265 - 260,876 Total commercial multi-family $ 38,119 $ 140,323 $ 22,693 $ 20,657 $ 34,145 $ 40,575 $ 365 $ - $ 296,877 Commercial real estate non-owner occupied Watch $ 1,335 $ 342 $ 13,818 $ 13,088 $ 14,996 $ 63,639 $ - $ - $ 107,218 Special Mention - - 25,284 19,630 66,341 52,629 5,000 - 168,884 Substandard - 8,668 - 2,766 18,850 20,489 - - 50,773 Pass 94,895 883,308 562,467 365,497 44,006 618,247 10,952 - 2,579,372 Total commercial real estate non- owner occupied $ 96,230 $ 892,318 $ 601,569 $ 400,981 $ 144,193 $ 755,004 $ 15,952 $ - $ 2,906,247 Year-to-Date gross write-offs $ - $ - $ - $ 609 $ - $ - $ - $ - $ 609 Commercial real estate owner occupied Watch $ 1,012 $ 11,183 $ 4,421 $ 8,709 $ 3,819 $ 60,864 $ 700 $ - $ 90,708 Special Mention - 8 2,374 143,133 1,022 60,226 12,515 - 219,278 Substandard 291 16,779 5,981 336 722 76,684 - - 100,793 Doubtful - - - - - 261 - - 261 Pass 34,603 204,357 259,769 57,215 28,867 421,641 10,566 - 1,017,018 Total commercial real estate owner occupied $ 35,906 $ 232,327 $ 272,545 $ 209,393 $ 34,430 $ 619,676 $ 23,781 $ - $ 1,428,058 Year-to-Date gross write-offs $ - $ - $ - $ - $ 1 $ 78 $ - $ - $ 79 Commercial and industrial Watch $ 5,610 $ 20,130 $ 5,289 $ 2,142 $ 18,099 $ 74,579 $ 74,645 $ - $ 200,494 Special Mention 11 1,497 3,599 21,181 973 49,242 5,138 - 81,641 Substandard 5,424 1,580 3,250 1,807 2,739 37,241 38,818 - 90,859 Doubtful - - - - 10 34 - - 44 Loss - - - - - - 277 - 277 Pass 398,231 748,053 545,018 263,829 141,273 294,775 1,274,329 - 3,665,508 Total commercial and industrial $ 409,276 $ 771,260 $ 557,156 $ 288,959 $ 163,094 $ 455,871 $ 1,393,207 $ - $ 4,038,823 Year-to-Date gross write-offs $ 383 $ 184 $ 131 $ 33 $ 223 $ 239 $ 1,475 $ - $ 2,668 Construction Watch $ - $ 27,279 $ 5,980 $ - $ - $ - $ 18,267 $ - $ 51,526 Substandard - 9,284 - 5,422 - - $ - - 14,706 Pass 8,330 22,165 31,224 11,901 2,090 1,065 30,728 - 107,503 Total construction $ 8,330 $ 58,728 $ 37,204 $ 17,323 $ 2,090 $ 1,065 $ 48,995 $ - $ 173,735 Mortgage Substandard $ - $ 162 $ 515 $ 286 $ 3,455 $ 77,336 $ - $ - $ 81,754 Pass 303,008 450,007 438,249 276,647 195,802 4,422,821 - - 6,086,534 Total mortgage $ 303,008 $ 450,169 $ 438,764 $ 276,933 $ 199,257 $ 4,500,157 $ - $ - $ 6,168,288 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 1,143 $ - $ - $ 1,143 June 30, 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 $ - $ 1,189 $ 1,156 $ 520 $ 1,259 $ 588 $ - $ - $ 4,712 Loss - - - - - 32 - - 32 Pass 355,425 561,334 370,204 200,199 115,159 54,458 - - 1,656,779 Total leasing $ 355,425 $ 562,523 $ 371,360 $ 200,719 $ 116,418 $ 55,078 $ - $ - $ 1,661,523 Year-to-Date gross write-offs $ 156 $ 1,536 $ 1,448 $ 301 $ 155 $ 361 $ - $ - $ 3,957 Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 14,185 $ - $ 14,185 Pass - - - - - - 1,043,187 - 1,043,187 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,057,372 $ - $ 1,057,372 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 17,133 $ - $ 17,133 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 2,570 $ - $ 2,570 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,570 $ - $ 2,570 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 68 $ - $ 68 Personal Substandard $ 383 $ 3,742 $ 2,072 $ 646 $ 1,165 $ 8,775 $ - $ 1,013 $ 17,796 Loss - 104 59 - 13 11 - - 187 Pass 472,830 642,613 242,527 77,428 84,933 123,190 - 24,462 1,667,983 Total Personal $ 473,213 $ 646,459 $ 244,658 $ 78,074 $ 86,111 $ 131,976 $ - $ 25,475 $ 1,685,966 Year-to-Date gross write-offs $ 149 $ 12,908 $ 9,517 $ 2,500 $ 2,768 $ 1,642 $ - $ 697 $ 30,181 Auto Substandard $ 770 $ 10,424 $ 10,352 $ 8,593 $ 7,168 $ 4,380 $ - $ - $ 41,687 Loss 8 65 10 61 - 7 - - 151 Pass 614,420 1,029,517 832,770 494,710 339,804 212,474 - - 3,523,695 Total Auto $ 615,198 $ 1,040,006 $ 843,132 $ 503,364 $ 346,972 $ 216,861 $ - $ - $ 3,565,533 Year-to-Date gross write-offs $ 697 $ 9,990 $ 5,443 $ 2,579 $ 1,508 $ - $ - $ - $ 20,217 Other consumer Substandard $ - $ 28 $ 137 $ 86 $ 17 $ 1,232 $ 166 $ - $ 1,666 Loss - - - - - 263 - - 263 Pass 16,502 26,939 15,884 6,279 3,873 4,529 59,357 - 133,363 Total Other consumer $ 16,502 $ 26,967 $ 16,021 $ 6,365 $ 3,890 $ 6,024 $ 59,523 $ - $ 135,292 Year-to-Date gross write-offs $ 1 $ 56 $ 50 $ 71 $ 19 $ 11,164 $ - $ - $ 11,361 Total BPPR $ 2,351,207 $ 4,821,080 $ 3,405,102 $ 2,002,768 $ 1,130,600 $ 6,782,287 $ 2,601,765 $ 25,475 $ 23,120,284 June 30, 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 $ - $ 745 $ - $ 3,695 $ 51,341 $ 42,148 $ - $ - $ 97,929 Special Mention - - - 1,185 - 22,285 - - 23,470 Substandard - - - - 14,820 10,592 - - 25,412 Pass 63,962 520,293 372,904 235,238 217,494 474,679 3,241 - 1,887,811 Total commercial multi-family $ 63,962 $ 521,038 $ 372,904 $ 240,118 $ 283,655 $ 549,704 $ 3,241 $ - $ 2,034,622 Commercial real estate non-owner occupied Watch $ - $ 5,467 $ 4,255 $ 1,234 $ 11,061 $ 63,432 $ - $ - $ 85,449 Special Mention - - - - 1,340 69,137 - - 70,477 Substandard - - - 2,127 1,734 3,264 - - 7,125 Pass 90,429 544,996 207,021 252,596 116,970 455,832 7,114 - 1,674,958 Total commercial real estate non- owner occupied $ 90,429 $ 550,463 $ 211,276 $ 255,957 $ 131,105 $ 591,665 $ 7,114 $ - $ 1,838,009 Commercial real estate owner occupied Watch $ - $ - $ - $ 1,184 $ - $ 55,703 $ - $ - $ 56,887 Special Mention - - - 3,835 6,153 115 - - 10,103 Substandard - - - - 7,324 45,574 - - 52,898 Pass 165,915 361,119 415,527 113,287 76,725 352,328 8,551 - 1,493,452 Total commercial real estate owner occupied $ 165,915 $ 361,119 $ 415,527 $ 118,306 $ 90,202 $ 453,720 $ 8,551 $ - $ 1,613,340 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 177 $ - $ - $ 177 Commercial and industrial Watch $ 5,028 $ 11,286 $ 2,301 $ 1,337 $ 1,847 $ 8,507 $ 3,838 $ - $ 34,144 Special Mention - 1,084 1,168 165 200 71 2 - 2,690 Substandard - 290 85 60 4,005 2,433 1,659 - 8,532 Loss - - - 79 - - - - 79 Pass 68,321 256,186 377,475 333,243 182,283 508,569 440,802 - 2,166,879 Total commercial and industrial $ 73,349 $ 268,846 $ 381,029 $ 334,884 $ 188,335 $ 519,580 $ 446,301 $ - $ 2,212,324 Year-to-Date gross write-offs $ 247 $ 221 $ 1,995 $ 14 $ 78 $ - $ 25 $ - $ 2,580 Construction Watch $ - $ - $ 8,207 $ - $ 6,839 $ 3,000 $ - $ - $ 18,046 Special Mention - - - - - 34,080 - - 34,080 Substandard - - 4,463 2,605 - 10,049 - - 17,117 Pass 94,452 249,342 143,526 32,486 56,330 789 - - 576,925 Total construction $ 94,452 $ 249,342 $ 156,196 $ 35,091 $ 63,169 $ 47,918 $ - $ - $ 646,168 Mortgage Substandard $ - $ - $ 1,232 $ 857 $ 2,727 $ 9,761 $ - $ - $ 14,577 Pass 40,680 227,836 294,594 240,455 180,760 281,888 - - 1,266,213 Total mortgage $ 40,680 $ 227,836 $ 295,826 $ 241,312 $ 183,487 $ 291,649 $ - $ - $ 1,280,790 June 30, 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 $ - $ - $ - $ - $ - $ - $ 17 $ - $ 17 Total credit cards $ - $ - $ - $ - $ - $ - $ 17 $ - $ 17 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 1 $ - $ 1 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,006 $ 19 $ 1,087 $ 3,112 Loss - - - - - 99 - 1,040 1,139 Pass - - - - - 8,191 40,714 12,714 61,619 Total HELOCs $ - $ - $ - $ - $ - $ 10,296 $ 40,733 $ 14,841 $ 65,870 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 195 $ - $ - $ 195 Personal Substandard $ 140 $ 1,327 $ 293 $ 70 $ 185 $ 220 $ - $ - $ 2,235 Loss - 24 - - - 467 - - 491 Pass 31,181 128,737 33,918 4,696 7,507 1,863 - - 207,902 Total Personal $ 31,321 $ 130,088 $ 34,211 $ 4,766 $ 7,692 $ 2,550 $ - $ - $ 210,628 Year-to-Date gross write-offs $ - $ 5,246 $ 2,143 $ 385 $ 562 $ 121 $ - $ - $ 8,457 Other consumer Pass 20 - - - - - 8,850 - 8,870 Total Other consumer $ 20 $ - $ - $ - $ - $ - $ 8,850 $ - $ 8,870 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 100 $ - $ 100 Total Popular U.S. $ 560,128 $ 2,308,732 $ 1,866,969 $ 1,230,434 $ 947,645 $ 2,467,082 $ 514,807 $ 14,841 $ 9,910,638 June 30, 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 $ 6,839 $ 745 $ - $ 3,695 $ 69,670 $ 47,068 $ - $ - $ 128,017 Special Mention - - - 1,185 - 24,903 - - 26,088 Substandard - - - - 14,820 13,787 100 - 28,707 Pass 95,242 660,616 395,597 255,895 233,310 504,521 3,506 - 2,148,687 Total commercial multi-family $ 102,081 $ 661,361 $ 395,597 $ 260,775 $ 317,800 $ 590,279 $ 3,606 $ - $ 2,331,499 Commercial real estate non-owner occupied Watch $ 1,335 $ 5,809 $ 18,073 $ 14,322 $ 26,057 $ 127,071 $ - $ - $ 192,667 Special Mention - - 25,284 19,630 67,681 121,766 5,000 - 239,361 Substandard - 8,668 - 4,893 20,584 23,753 - - 57,898 Pass 185,324 1,428,304 769,488 618,093 160,976 1,074,079 18,066 - 4,254,330 Total commercial real estate non- owner occupied $ 186,659 $ 1,442,781 $ 812,845 $ 656,938 $ 275,298 $ 1,346,669 $ 23,066 $ - $ 4,744,256 Year-to-Date gross write-offs $ - $ - $ - $ 609 $ - $ - $ - $ - $ 609 Commercial real estate owner occupied Watch $ 1,012 $ 11,183 $ 4,421 $ 9,893 $ 3,819 $ 116,567 $ 700 $ - $ 147,595 Special Mention - 8 2,374 146,968 7,175 60,341 12,515 - 229,381 Substandard 291 16,779 5,981 336 8,046 122,258 - - 153,691 Doubtful - - - - - 261 - - 261 Pass 200,518 565,476 675,296 170,502 105,592 773,969 19,117 - 2,510,470 Total commercial real estate owner occupied $ 201,821 $ 593,446 $ 688,072 $ 327,699 $ 124,632 $ 1,073,396 $ 32,332 $ - $ 3,041,398 Year-to-Date gross write-offs $ - $ - $ - $ - $ 1 $ 255 $ - $ - $ 256 Commercial and industrial Watch $ 10,638 $ 31,416 $ 7,590 $ 3,479 $ 19,946 $ 83,086 $ 78,483 $ - $ 234,638 Special Mention 11 2,581 4,767 21,346 1,173 49,313 5,140 - 84,331 Substandard 5,424 1,870 3,335 1,867 6,744 39,674 40,477 - 99,391 Doubtful - - - - 10 34 - - 44 Loss - - - 79 - - 277 - 356 Pass 466,552 1,004,239 922,493 597,072 323,556 803,344 1,715,131 - 5,832,387 Total commercial and industrial $ 482,625 $ 1,040,106 $ 938,185 $ 623,843 $ 351,429 $ 975,451 $ 1,839,508 $ - $ 6,251,147 Year-to-Date gross write-offs $ 630 $ 405 $ 2,126 $ 47 $ 301 $ 239 $ 1,500 $ - $ 5,248 June 30, 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 $ - $ 27,279 $ 14,187 $ - $ 6,839 $ 3,000 $ 18,267 $ - $ 69,572 Special Mention - - - - - 34,080 - - 34,080 Substandard - 9,284 4,463 8,027 - 10,049 - - 31,823 Pass 102,782 271,507 174,750 44,387 58,420 1,854 30,728 - 684,428 Total construction $ 102,782 $ 308,070 $ 193,400 $ 52,414 $ 65,259 $ 48,983 $ 48,995 $ - $ 819,903 Mortgage Substandard $ - $ 162 $ 1,747 $ 1,143 $ 6,182 $ 87,097 $ - $ - $ 96,331 Pass 343,688 677,843 732,843 517,102 376,562 4,704,709 - - 7,352,747 Total mortgage $ 343,688 $ 678,005 $ 734,590 $ 518,245 $ 382,744 $ 4,791,806 $ - $ - $ 7,449,078 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 1,143 $ - $ - $ 1,143 Leasing Substandard $ - $ 1,189 $ 1,156 $ 520 $ 1,259 $ 588 $ - $ - $ 4,712 Loss - - - - - 32 - - 32 Pass 355,425 561,334 370,204 200,199 115,159 54,458 - - 1,656,779 Total leasing $ 355,425 $ 562,523 $ 371,360 $ 200,719 $ 116,418 $ 55,078 $ - $ - $ 1,661,523 Year-to-Date gross write-offs $ 156 $ 1,536 $ 1,448 $ 301 $ 155 $ 361 $ - $ - $ 3,957 June 30, 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 $ - $ - $ - $ - $ - $ - $ 14,185 $ - $ 14,185 Pass - - - - - - 1,043,204 - 1,043,204 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,057,389 $ - $ 1,057,389 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 17,134 $ - $ 17,134 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,006 $ 19 $ 1,087 $ 3,112 Loss - - - - - 99 - 1,040 1,139 Pass - - - - - 8,191 43,284 12,714 64,189 Total HELOCs $ - $ - $ - $ - $ - $ 10,296 $ 43,303 $ 14,841 $ 68,440 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 195 $ 68 $ - $ 263 Personal Substandard $ 523 $ 5,069 $ 2,365 $ 716 $ 1,350 $ 8,995 $ - $ 1,013 $ 20,031 Loss - 128 59 - 13 478 - - 678 Pass 504,011 771,350 276,445 82,124 92,440 125,053 - 24,462 1,875,885 Total Personal $ 504,534 $ 776,547 $ 278,869 $ 82,840 $ 93,803 $ 134,526 $ - $ 25,475 $ 1,896,594 Year-to-Date gross write-offs $ 149 $ 18,154 $ 11,660 $ 2,885 $ 3,330 $ 1,763 $ - $ 697 $ 38,638 Auto Substandard $ 770 $ 10,424 $ 10,352 $ 8,593 $ 7,168 $ 4,380 $ - $ - $ 41,687 Loss 8 65 10 61 - 7 - - 151 Pass 614,420 1,029,517 832,770 494,710 339,804 212,474 - - 3,523,695 Total Auto $ 615,198 $ 1,040,006 $ 843,132 $ 503,364 $ 346,972 $ 216,861 $ - $ - $ 3,565,533 Year-to-Date gross write-offs $ 697 $ 9,990 $ 5,443 $ 2,579 $ 1,508 $ - $ - $ - $ 20,217 Other consumer Substandard $ - $ 28 $ 137 $ 86 $ 17 $ 1,232 $ 166 $ - $ 1,666 Loss - - - - - 263 - - 263 Pass 16,522 26,939 15,884 6,279 3,873 4,529 68,207 - 142,233 Total Other consumer $ 16,522 $ 26,967 $ 16,021 $ 6,365 $ 3,890 $ 6,024 $ 68,373 $ - $ 144,162 Year-to-Date gross write-offs $ 1 $ 56 $ 50 $ 71 $ 19 $ 11,164 $ 100 $ - $ 11,461 Total Popular Inc. $ 2,911,335 $ 7,129,812 $ 5,272,071 $ 3,233,202 $ 2,078,245 $ 9,249,369 $ 3,116,572 $ 40,316 $ 33,030,922 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 BPPR $ 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) | 6 Months Ended |
Jun. 30, 2023 | |
Mortgage Banking [Abstract] | |
Mortgage Banking Activities | Quarters ended June 30, Six months ended June 30, (In thousands) 2023 2022 2023 2022 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 8,369 $ 9,186 $ 17,058 $ 18,509 Mortgage servicing rights fair value adjustments (6,216) 2,257 (7,592) 3,345 Total mortgage 2,153 11,443 9,466 21,854 Net (loss) gain on sale of loans, including valuation on (61) 36 202 (1,498) Trading account profit (loss): Unrealized gains (loss) on outstanding derivative positions 246 (2) 115 - Realized gains on closed derivative positions 111 2,430 167 6,565 Total trading account 357 2,428 282 6,565 Losses on repurchased loans, including interest advances (133) (332) (234) (481) Total mortgage $ 2,316 $ 13,575 $ 9,716 $ 26,440 [1] Effective on January 1, 2023, loans held-for-sale market. |
Transfers of financial assets_2
Transfers of financial assets and mortgage servicing assets (Tables) | 6 Months Ended |
Jun. 30, 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 June 30, 2023 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - FNMA $ - $ 13,393 $ - $ 13,393 Total trading account $ - $ 13,393 $ - $ 13,393 Mortgage servicing rights $ - $ - $ 366 $ 366 Total $ - $ 13,393 $ 366 $ 13,759 Proceeds Obtained During the Six months Ended June (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 - 23,292 - 23,292 Total trading account $ - $ 24,359 $ - $ 24,359 Mortgage servicing rights $ - $ - $ 644 $ 644 Total $ - $ 24,359 $ 644 $ 25,003 Proceeds Obtained During the Quarter Ended June 30, 2022 (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 77,269 $ - $ 77,269 Mortgage-backed securities - FNMA - 37,640 - 37,640 Mortgage-backed securities - FHLMC - 1,387 - 1,387 Total trading account $ - $ 116,296 $ - $ 116,296 Mortgage servicing rights $ - $ - $ 1,960 $ 1,960 Total $ - $ 116,296 $ 1,960 $ 118,256 Proceeds Obtained During the Six months Ended June (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 155,163 $ - $ 155,163 Mortgage-backed securities - FNMA - 95,330 - 95,330 Mortgage-backed securities - FHLMC - 8,505 - 8,505 Total trading account $ - $ 258,998 $ - $ 258,998 Mortgage servicing rights $ - $ - $ 4,369 $ 4,369 Total $ - $ 258,998 $ 4,369 $ 263,367 |
Changes in MSRs measured using the fair value method | Residential MSRs (In thousands) June 30, 2023 June 30, 2022 Fair value at beginning of period $ 128,350 $ 121,570 Additions 1,240 5,032 Changes due to payments on loans (5,288) (5,877) Reduction due to loan repurchases (338) (463) Changes in fair value due to changes in valuation model inputs (1,446) 9,571 Other (1,269) 44 Fair value at end of period $ 121,249 $ 129,877 [1] Represents changes due to collection / realization [2] At June 30, 2023, PB had MSRs amounting to $ 1.9 2.0 |
Key economic assumptions used in measuring the servicing rights retained at the date of the residential mortgage loan securitizations and whole loan sales by the banking subsidiaries | Quarters ended Six months ended June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 BPPR PB BPPR PB BPPR PB BPPR PB Prepayment speed 7.4 % 7.1 % 4.7 % 7.8 % 7.0 % 7.2 % 5.0 % 8.9 % Weighted average life (in years) 9.7 8.1 10.2 8.0 9.1 8.0 9.8 7.4 Discount rate (annual rate) 9.5 % 10.5 % 10.5 % 9.5 % 9.5 % 10.5 % 10.4 % 9.8 % |
Key economic assumptions used to estimate the fair value of MSRs derived from sales and securitizations of mortgage loans performed by the banking subsidiaries and servicing rights purchased from other financial institutions | Originated MSRs Purchased MSRs June 30, December 31, June 30, December 31, (In thousands) 2023 2022 2023 2022 Fair value of servicing rights $ 39,504 $ 41,548 $ 81,745 $ 86,802 Weighted average life (in years) 6.9 6.8 6.9 6.9 Weighted average prepayment speed (annual 5.8 % 5.9 % 6.9 % 7.0 % Impact on fair value of 10% adverse change $ (698) $ (730) $ (1,518) $ (1,602) Impact on fair value of 20% adverse change $ (1,369) $ (1,433) $ (2,979) $ (3,143) Weighted average discount rate (annual rate) 11.3 % 11.2 % 10.9 % 11.0 % Impact on fair value of 10% adverse change $ (1,355) $ (1,485) $ (2,947) $ (3,256) Impact on fair value of 20% adverse change $ (2,625) $ (2,876) $ (5,711) $ (6,304) |
Other real estate owned (Tables
Other real estate owned (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Other Real Estate [Abstract] | |
Other real estate owned | For the quarter ended June 30, 2023 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 12,388 $ 79,333 $ 91,721 Write-downs in value (45) (269) (314) Additions 244 21,155 21,399 Sales (785) (25,822) (26,607) Other adjustments 17 - 17 Ending balance $ 11,819 $ 74,397 $ 86,216 For the quarter ended June 30, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,468 $ 75,099 $ 90,567 Write-downs in value (486) (245) (731) Additions 832 20,663 21,495 Sales (1,564) (17,502) (19,066) Other adjustments - (128) (128) Ending balance $ 14,250 $ 77,887 $ 92,137 For the six months ended June 30, 2023 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 12,500 $ 76,626 $ 89,126 Write-downs in value (239) (1,020) (1,259) Additions 1,267 39,830 41,097 Sales (1,726) (40,921) (42,647) Other adjustments 17 (118) (101) Ending balance $ 11,819 $ 74,397 $ 86,216 For the six months ended June 30, 2022 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 15,017 $ 70,060 $ 85,077 Write-downs in value (850) (573) (1,423) Additions 3,519 39,903 43,422 Sales (3,544) (31,045) (34,589) Other adjustments 108 (458) (350) Ending balance $ 14,250 $ 77,887 $ 92,137 |
Other assets (Tables)
Other assets (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Other Assets Abstract | |
Other Assets by Major Categories | (In thousands) June 30, 2023 December 31, 2022 Net deferred tax assets (net of valuation allowance) $ 904,601 $ 953,676 Investments under the equity method 227,358 210,001 Prepaid taxes 55,000 39,405 Other prepaid expenses 38,928 33,384 Capitalized software costs 78,766 81,862 Derivative assets 24,221 19,229 Trades receivable from brokers and counterparties 6,412 35,099 Receivables from investments maturities - 125,000 Principal, interest and escrow servicing advances 52,848 41,916 Guaranteed mortgage loan claims receivable 58,784 59,659 Operating ROU assets (Note 28) 120,117 125,573 Finance ROU assets (Note 28) 18,989 18,884 Others 117,638 104,125 Total other assets $ 1,703,662 $ 1,847,813 |
Composition of acquired or developed software costs | The following arrangements: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value June 30, 2023 Software development costs $ 67,200 $ 21,826 $ 45,374 Software license costs 39,553 17,607 21,946 Cloud computing arrangements 21,039 9,593 11,446 Total Capitalized $ 127,792 $ 49,026 $ 78,766 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 are 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 June 30, Six (In thousands) 2023 2022 2023 2022 Software development and license costs $ 16,151 $ 13,013 $ 31,142 $ 24,768 Cloud computing arrangements 778 1,069 1,762 2,027 Total amortization $ 16,929 $ 14,082 $ 32,904 $ 26,795 |
Goodwill and other intangible_2
Goodwill and other intangible assets (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Goodwill and Intangible Assets Disclosure | |
Goodwill and accumulated impairment losses by reportable segments | June 30, 2023 Balance at Balance at June 30, Accumulated June 30, 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 June 30, 2023 Core deposits $ 12,810 $ 10,675 $ 2,135 Other customer relationships 14,286 5,827 8,459 Total other intangible $ 27,096 $ 16,502 $ 10,594 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 $ 1,589 Year 2024 2,938 Year 2025 1,750 Year 2026 1,440 Year 2027 959 Later years 1,918 |
Deposits (Tables)
Deposits (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Deposits [Abstract] | |
Interest bearing deposits | (In thousands) June 30, 2023 December 31, 2022 Savings accounts $ 15,222,346 $ 14,746,329 NOW, money market and other interest 25,464,069 23,738,940 Total savings, NOW, 40,686,415 38,485,269 Certificates of deposit: Under $250,000 4,990,563 4,235,651 $250,000 and over 3,011,288 2,545,750 8,001,851 6,781,401 Total interest bearing $ 48,688,266 $ 45,266,670 Non- interest bearing deposits $ 15,316,552 $ 15,960,557 Total deposits $ 64,004,818 $ 61,227,227 |
Summary of certificates of deposits by maturity | (In thousands) 2023 $ 3,274,343 2024 2,208,468 2025 926,324 2026 651,739 2027 428,792 2028 and thereafter 512,185 Total certificates of $ 8,001,851 |
Borrowings (Tables)
Borrowings (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of repurchase agreements | Repurchase agreements accounted for as secured borrowings June 30, 2023 December 31, 2022 Repurchase Repurchase (In thousands) U.S. Treasury securities Within 30 days $ 13,000 $ 410 After 30 to 90 days 21,933 30,739 After 90 days 13,254 17,521 Total U.S. Treasury 48,187 48,670 Mortgage-backed securities 73,958 98,984 795 791 Total mortgage-backed 74,753 99,775 Collateralized mortgage obligations 265 164 Total collateralized 265 164 Total $ 123,205 $ 148,609 |
Notes payable | Notes Payable The following table presents the composition of notes (In thousands) June 30, 2023 December 31, 2022 Advances with the FHLB with maturities ranging from 2023 2029 monthly fixed rates ranging from 0.39 % to 4.17 % $ 412,632 $ 389,282 Unsecured senior debt securities with maturities ranging 2023 2028 semiannually 6.125 % to 7.25 %, net of debt issuance costs of $ 6,915 [1] 693,085 299,109 Junior subordinated deferrable interest debentures (related to 2034 6.125 % to 6.564 %, net of debt issuance costs of $ 301 198,332 198,319 Total notes payable $ 1,304,049 $ 886,710 Note: Refer to the 2022 Form 10-K for rates information [1] On March 13, 2023, the Corporation issued $ 400 7.25 % Senior Notes due 2028 underwritten public offering. On July 14, 2023, redeem, on August 14, 2023, the outstanding $ 300 6.125 % Senior Notes due September 2023 . The redemption price will be equal to 100 % of the principal amount plus accrued and unpaid interest |
Borrowings by contractual maturities | Assets sold under (In thousands) agreements to repurchase Notes payable Total 2023 $ 118,600 $ 322,004 $ 440,604 2024 4,605 91,943 96,548 2025 - 139,920 139,920 2026 - 74,500 74,500 Later years - 675,682 675,682 Total borrowings $ 123,205 $ 1,304,049 $ 1,427,254 |
Other liabilities (Tables)
Other liabilities (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Other Liabilities Disclosure [Abstract] | |
Other Liabilities Table Text Block | (In thousands) June 30, 2023 December 31, 2022 Accrued expenses $ 252,736 $ 337,284 Accrued interest payable 56,103 39,288 Accounts payable 102,337 76,456 Dividends payable 39,664 39,525 Trades payable 1,022 9,461 Liability for GNMA loans sold with an option to repurchase 7,108 14,271 Reserves for loan indemnifications 6,808 7,520 Reserve for operational losses 28,678 39,266 Operating lease liabilities (Note 28) 131,437 137,290 Finance lease liabilities (Note 28) 24,091 24,737 Pension benefit obligation 6,797 8,290 Postretirement benefit obligation 118,186 118,336 Others 66,218 65,222 Total other liabilities $ 841,185 $ 916,946 |
Other comprehensive (loss) in_2
Other comprehensive (loss) income (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Accumulated Other Comprehensive Income (Loss) | |
Schedule of accumulated other comprehensive income | Changes in Accumulated Other Comprehensive Loss Quarters ended Six June 30, June 30, (In thousands) 2023 2022 2023 2022 Foreign currency translation Beginning Balance $ (61,980) $ (70,165) $ (56,735) $ (67,307) Other comprehensive income 6,001 5,998 756 3,140 Net change 6,001 5,998 756 3,140 Ending balance $ (55,979) $ (64,167) $ (55,979) $ (64,167) Adjustment of pension and postretirement benefit plans Beginning Balance $ (141,327) $ (155,281) $ (144,335) $ (158,994) Other comprehensive income before reclassifications - - - 1,269 Amounts reclassified from accumulated other comprehensive loss for amortization of net losses 3,008 2,444 6,016 4,888 Net change 3,008 2,444 6,016 6,157 Ending balance $ (138,319) $ (152,837) $ (138,319) $ (152,837) Unrealized net holding (losses) gains on debt securities Beginning Balance $ (2,098,518) $ (1,171,950) $ (2,323,903) $ (96,120) Other comprehensive (loss) income (69,941) (563,420) 121,811 (1,639,250) 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 34,322 - 67,955 - Net change (35,619) (563,420) 189,766 (1,639,250) Ending balance $ (2,134,137) $ (1,735,370) $ (2,134,137) $ (1,735,370) Unrealized net losses on cash flow hedges Beginning Balance $ - $ 158 $ 45 $ (2,648) Other comprehensive (loss) income before reclassifications - (332) (19) 2,807 Amounts reclassified from accumulated other comprehensive income (loss) - (468) (26) (801) Net change - (800) (45) 2,006 Ending balance $ - $ (642) $ - $ (642) Total $ (2,328,435) $ (1,953,016) $ (2,328,435) $ (1,953,016) [1] All amounts presented are net of tax. |
Reclassification out of accumulated other comprehensive income | Reclassifications Out of Accumulated Other Comprehensive Quarters ended Six Affected Line Item in the June 30, June 30, (In thousands) Consolidated Statements of Operations 2023 2022 2023 2022 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ (4,813) $ (3,911) $ (9,626) $ (7,822) Total before tax (4,813) (3,911) (9,626) (7,822) Income tax benefit 1,805 1,467 3,610 2,934 Total net of tax $ (3,008) $ (2,444) $ (6,016) $ (4,888) Unrealized net holding losses on debt securities Amortization of unrealized net losses of debt securities transferred to held-to-maturity Interest income from investment securities $ (42,903) $ - $ (84,943) $ - Total before tax (42,903) - (84,943) - Income tax expense 8,581 - 16,988 - Total net of tax $ (34,322) $ - $ (67,955) $ - Unrealized net gains (losses) on cash flow hedges Forward contracts Mortgage banking activities $ - $ 1,099 $ 41 $ 2,077 Interest rate swaps Other operating income - (219) - (498) Total before tax - 880 41 1,579 Income tax benefit - (412) (15) (778) Total net of tax $ - $ 468 $ 26 $ 801 Total reclassification $ (37,330) $ (1,976) $ (73,945) $ (4,087) |
Guarantees (Tables)
Guarantees (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Guarantee on loans sold or serviced with credit recourse | |
Guarantor Obligations [Line Items] | |
Credit recourse agreements reserve | Quarters ended June 30, Six months ended June 30, (In thousands) 2023 2022 2023 2022 Balance as of beginning of period $ 5,864 $ 10,335 $ 6,897 $ 11,800 Provision (benefit) for recourse liability 478 (395) (176) (349) Net charge-offs (119) (845) (498) (2,356) Balance as of end of period $ 6,223 $ 9,095 $ 6,223 $ 9,095 |
Commitments and contingencies (
Commitments and contingencies (Tables) | 6 Months Ended |
Jun. 30, 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) June 30, 2023 December 31, 2022 Commitments to extend credit: Credit card lines $ 6,008,516 $ 5,853,990 Commercial and construction lines of credit 4,381,533 4,425,825 Other consumer unused credit commitments 249,211 250,271 Commercial letters of credit 2,256 3,351 Standby letters of credit 29,404 27,868 Commitments to originate or fund mortgage loans 43,593 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 June 30, 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 13,089 17,819 42,819 After 1 to 5 years 20,282 115,804 136,086 140,086 After 5 to 10 years 1,025 146,681 147,706 147,706 After 10 years - 49,831 49,831 49,831 Total Municipalities 26,037 325,405 351,442 380,442 Total Direct Government $ 26,078 $ 325,405 $ 351,483 $ 380,483 |
Non-consolidated variable int_2
Non-consolidated variable interest entities (Tables) | 6 Months Ended |
Jun. 30, 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) June 30, 2023 December 31, 2022 Assets Servicing assets: Mortgage servicing rights $ 95,714 $ 99,614 Total servicing $ 95,714 $ 99,614 Other assets: Servicing advances $ 6,103 $ 6,157 Total other assets $ 6,103 $ 6,157 Total assets $ 101,817 $ 105,771 Maximum exposure to loss $ 101,817 $ 105,771 |
Related party transactions (Tab
Related party transactions (Tables) - EVERTEC Inc. | 6 Months Ended |
Jun. 30, 2023 | |
Proportionate Share Of Income Loss And Changes In Stockholders Equity | Quarter ended Six months ended (In thousands) June 30, 2022 June 30, 2022 Share of income from the investment in Evertec $ 5,480 $ 11,827 Share of other changes in Evertec's stockholders' equity 1,410 3,168 Share of Evertec's changes in equity recognized in income $ 6,890 $ 14,995 |
Income Statement Data Resulting From Related Party Transactions | Quarter ended Six months ended (In thousands) June 30, 2022 June 30, 2022 Category Interest expense on deposits $ (135) $ (267) Interest expense ATH and credit cards interchange 7,272 13,955 Other service fees Rental income charged to Evertec 1,577 3,258 Net occupancy Processing fees on services provided by Evertec (66,459) (128,681) Professional fees Other services provided to Evertec 202 420 Other operating expenses Total $ (57,543) $ (111,315) |
Fair value measurement (Tables)
Fair value measurement (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Fair Value Disclosures | |
Assets and Liabilities Measured at Fair Value on a Recurring Basis | At June 30, 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 $ 2,854,502 $ 8,113,480 $ - $ - $ 10,967,982 Collateralized mortgage obligations - federal agencies - 148,052 - - 148,052 Mortgage-backed securities - 6,124,495 655 - 6,125,150 Other - 33 1,000 - 1,033 Total debt securities $ 2,854,502 $ 14,386,060 $ 1,655 $ - $ 17,242,217 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 13,338 $ - $ - $ - $ 13,338 Obligations of Puerto Rico, States and political subdivisions - 61 - - 61 Collateralized mortgage obligations - 42 56 - 98 Mortgage-backed securities - 15,184 163 - 15,347 Other - - 191 - 191 Total trading account derivatives $ 13,338 $ 15,287 $ 410 $ - $ 29,035 Equity securities $ - $ 35,541 $ - $ 303 $ 35,844 Mortgage servicing rights - - 121,249 - 121,249 Loans held-for-sale - 9,509 - - 9,509 Derivatives - 24,346 - - 24,346 Total assets measured recurring basis $ 2,867,840 $ 14,470,743 $ 123,314 $ 303 $ 17,462,200 Liabilities Derivatives $ - $ (21,575) $ - $ - $ (21,575) Total liabilities measured recurring basis $ - $ (21,575) $ - $ - $ (21,575) 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 mortgage loans held for sale measured at fair value (In thousands) June 30, 2023 Aggregate Unpaid Fair Value Principal Balance Difference Loans held for sale $ 9,509 $ 9,648 $ (139) |
Nonrecurring fair value measurements | Six months ended June 30, 2023 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE Assets Write-downs Loans [1] $ - $ - $ 18,923 $ 18,923 $ (7,092) Other real estate owned [2] - - 2,815 2,815 (656) Other foreclosed assets [2] - - 41 41 (9) Total assets measured $ - $ - $ 21,779 $ 21,779 $ (7,757) [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. Six months ended June 30, 2022 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE Assets Write-downs Loans [1] $ - $ - $ 6,694 $ 6,694 $ (1,183) Other real estate owned [2] - - 2,161 2,161 (769) Total assets measured $ - $ - $ 8,855 $ 8,855 $ (1,952) [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. |
Assets measured on recurring basis, unobservable input reconciliation | Quarter ended June 30, 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 March 31, 2023 $ 655 $ 1,000 $ 88 $ 188 $ 199 $ 127,475 $ 129,605 Gains (losses) included in earnings - - - - (8) (6,217) (6,225) Additions - - 4 - - 739 743 Sales - - - - - (1,269) (1,269) Settlements - - (36) (25) - 521 460 Balance at June 30, 2023 $ 655 $ 1,000 $ 56 $ 163 $ 191 $ 121,249 $ 123,314 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2023 $ - $ - $ - $ - $ 9 $ (2,732) $ (2,723) Six months ended June 30, 2023 MBS Other MBS Other classified securities CMOs classified securities as debt classified as classified as trading classified securities as trading account as trading Mortgage available- available- account debt account debt servicing Total (In thousands) for-sale for-sale securities securities securities rights assets Balance at January 1, 2023 $ 711 $ 1,000 $ 113 $ 215 $ 207 $ 128,350 $ 130,596 Gains (losses) included in earnings - - - (2) (16) (7,593) (7,611) Gains (losses) included in OCI (6) - - - - - (6) Additions - - 4 - - 1,240 1,244 Sales - - - - - (1,269) (1,269) Settlements (50) - (61) (50) - 521 360 Balance at June 30, 2023 $ 655 $ 1,000 $ 56 163 $ 191 $ 121,249 $ 123,314 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2023 $ - $ - $ - $ (1) $ 18 $ (1,447) $ (1,430) Quarter ended June 30, 2022 MBS Other Other classified securities CMOs securities as debt classified as classified classified securities debt securities as trading as trading Mortgage available- available- account debt account debt servicing Total Contingent Total (In thousands) for-sale for-sale securities securities rights assets consideration liabilities Balance at $ 793 $ - $ 174 $ 267 $ 125,358 $ 126,592 $ 9,241 $ 9,241 Gains (losses) included in earnings - - - (3) 2,258 2,255 - - Gains (losses) included in OCI 11 - - - - 11 - - Additions - 500 - - 2,261 2,761 - - Settlements (25) - (22) - - (47) - - Balance at June 30, 2022 $ 779 $ 500 $ 152 $ 264 $ 129,877 $ 131,572 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2022 $ - $ - $ (1) $ 2 $ 5,318 $ 5,319 $ - $ - Six months ended June 30, 2022 MBS Other Other classified securities CMOs securities as debt classified as classified classified securities debt securities as trading as trading Mortgage available- available- account debt account debt servicing Total Contingent Total (In thousands) for-sale for-sale securities securities rights assets consideration liabilities Balance at January 1, $ 826 $ - $ 198 $ 280 $ 121,570 $ 122,874 $ 9,241 $ 9,241 Gains (losses) included in earnings - - (1) (16) 3,275 3,258 - - Gains (losses) included in OCI 3 - - - - 3 - - Additions - 500 2 - 5,032 5,534 - - Settlements (50) - (47) - - (97) - - Balance at June 30, 2022 $ 779 $ 500 $ 152 $ 264 $ 129,877 $ 131,572 $ 9,241 $ 9,241 Changes in unrealized gains (losses) included in earnings relating to assets still held at June 30, 2022 $ - $ - $ (1) $ 7 $ 9,571 $ 9,577 $ - $ - |
Gain (loss) included in earnings, measured on recurring basis | Quarter ended June 30, 2023 Six months ended June 30, 2023 Changes in unrealized Changes in unrealized Total gains gains (losses) relating to Total gains gains (losses) relating to (losses) included assets still held at (losses) included assets still held at (In thousands) in earnings reporting date in earnings reporting date Mortgage banking activities $ (6,217) $ (2,732) $ (7,593) $ (1,447) Trading account profit (loss) (8) 9 (18) 17 Total $ (6,225) $ (2,723) $ (7,611) $ (1,430) Quarter ended June 30, 2022 Six months ended June 30, 2022 Changes in unrealized Changes in unrealized Total gains gains (losses) relating to Total gains gains (losses) relating to (losses) included assets still held at (losses) included assets still held at (In thousands) in earnings reporting date in earnings reporting date Mortgage banking activities $ 2,258 $ 5,318 $ 3,275 $ 9,571 Trading account profit (loss) (3) 1 (17) 6 Total $ 2,255 $ 5,319 $ 3,258 $ 9,577 |
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 $ 56 Discounted cash flow model Weighted average life 0.2 0.2 0.4 Yield 4.9 % ( 4.9 % - 5.4 %) Prepayment speed 7.9 % ( 7.7 % - 25 %) Other - trading $ 191 Discounted cash flow model Weighted average life 2.5 Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 18,854 [2] External appraisal Haircut applied on external appraisals 12.0 % ( 5.0 % - 20.0 %) [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 $ 152 Discounted cash flow model Weighted average life 0.6 0.3 0.8 Yield 4.2 % ( 4.2 % - 4.8 %) Prepayment speed 12.5 % ( 12 .0% - 16.3 %) Other - trading $ 264 Discounted cash flow model Weighted average life 2.9 Yield 12.0% Prepayment speed 10.8% Contingent consideration $ (9,241) Probability weighted discounted cash flows Discount rate 2.52 % Loans held-in-portfolio $ 3,779 [2] External appraisal Haircut applied on external appraisals 12.6 % Other real estate owned $ 76 [3] External appraisal Haircut applied on external appraisals 5 .0% [1] Weighted average of significant unobservable inputs [2] Loans held-in-portfolio in which haircuts were not applied [3] Other real estate owned in which haircuts were not applied |
Fair value of financial instr_2
Fair value of financial instruments (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Fair Value Disclosures | |
Carrying or Notional Amounts and Estimated Fair Values for Financial Instruments | June 30, 2023 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 476,642 $ 476,642 $ - $ - $ - $ 476,642 Money market investments 8,593,476 8,587,418 6,058 - - 8,593,476 Trading account debt securities, excluding [1] 29,035 13,338 15,287 410 - 29,035 Debt securities available-for-sale [1] 17,242,217 2,854,502 14,386,060 1,655 - 17,242,217 Debt securities held-to-maturity: U.S. Treasury securities $ 8,336,569 $ - $ 8,206,858 $ - $ - $ 8,206,858 Obligations of Puerto Rico, States and political subdivisions 60,326 - - 60,676 - 60,676 Collateralized mortgage obligation-federal agency 1,566 - 1,440 16 - 1,456 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities $ 8,404,421 $ - $ 8,214,258 $ 60,692 $ - $ 8,274,950 Equity securities: FHLB stock $ 50,357 $ - $ 50,357 $ - $ - $ 50,357 FRB stock 100,267 - 100,267 - - 100,267 Other investments 41,749 - 35,541 6,771 303 42,615 Total equity securities $ 192,373 $ - $ 186,165 $ 6,771 $ 303 $ 193,239 Loans held-for-sale $ 55,421 $ - $ 55,421 $ - $ - $ 55,421 Loans held-in-portfolio 32,330,722 - - 30,758,440 - 30,758,440 Mortgage servicing rights 121,249 - - 121,249 - 121,249 Derivatives 24,346 - 24,346 - - 24,346 June 30, 2023 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 56,002,966 $ - $ 56,002,966 $ - $ - $ 56,002,966 Time deposits 8,001,852 - 7,655,442 - - 7,655,442 Total deposits $ 64,004,818 $ - $ 63,658,408 $ - $ - $ 63,658,408 Assets sold under agreements to repurchase $ 123,205 $ - $ 123,185 $ - $ - $ 123,185 Notes payable: FHLB advances $ 412,632 $ - $ 388,283 $ - $ - $ 388,283 Unsecured senior debt securities 693,085 - 696,103 - - 696,103 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,332 - 169,879 - - 169,879 Total notes payable $ 1,304,049 $ - $ 1,254,265 $ - $ - $ 1,254,265 Derivatives $ 21,575 $ - $ 21,575 $ - $ - $ 21,575 [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) | 6 Months Ended |
Jun. 30, 2023 | |
Earnings Per Share | |
Computation of Net Income (Loss) Per Common Share ("EPS"), Basic and Diluted | Quarters ended June 30, Six (In thousands, except per share information) 2023 2022 2023 2022 Net income $ 151,160 $ 211,421 $ 310,139 $ 423,107 Preferred stock dividends (353) (353) (706) (706) Net income applicable to common stock $ 150,807 $ 211,068 $ 309,433 $ 422,401 Average common shares outstanding 71,690,396 76,171,784 71,616,498 77,301,469 Average potential dilutive common shares 18,807 115,099 47,805 124,805 Average common shares outstanding - assuming dilution 71,709,203 76,286,883 71,664,303 77,426,274 Basic EPS $ 2.10 $ 2.77 $ 4.32 $ 5.46 Diluted EPS $ 2.10 $ 2.77 $ 4.32 $ 5.46 |
Revenue from contracts with c_2
Revenue from contracts with customers (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Revenue From Contract With Customer Abstract | |
Disaggregation Of Revenue [Table Text Block] | The quarters and six months ended June 30, 2023 and Quarter ended June 30, Six (In thousands) 2023 2023 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 35,253 $ 2,528 $ 67,405 $ 5,054 Other service fees: Debit card fees 13,377 223 26,325 441 Insurance fees, excluding reinsurance 12,152 1,288 22,950 2,595 Credit card fees, excluding late fees and membership 38,392 336 74,566 915 Sale and administration of investment products 6,076 - 12,634 - Trust fees 6,868 - 12,764 - Total revenue from $ 112,118 $ 4,375 $ 216,644 $ 9,005 [1] The amounts include intersegment transactions of $ 2.2 3.8 Quarter ended June 30, Six (In thousands) 2022 2022 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 38,993 $ 2,816 $ 76,978 $ 5,544 Other service fees: Debit card fees 12,660 222 24,222 439 Insurance fees, excluding reinsurance 9,982 1,374 20,020 2,696 Credit card fees, excluding late fees and membership 34,785 311 65,007 635 Sale and administration of investment products 6,017 - 11,808 - Trust 6,358 - 12,507 - Total revenue from $ 108,795 $ 4,723 $ 210,542 $ 9,314 [1] The amounts include intersegment transactions of $ 3.5 5 |
Leases (Tables)
Leases (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Leases [Abstract] | |
Lease Liability Maturity | The following table presents the undiscounted June 30, 2023 (In thousands) Remaining 2023 2024 2025 2026 2027 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 15,095 $ 29,153 $ 26,326 $ 17,935 $ 12,709 $ 48,893 $ 150,111 $ (18,674) $ 131,437 Finance Leases 3,192 3,991 4,084 3,839 2,468 9,346 26,920 (2,829) 24,091 |
Leases cost | The following table presents the lease cost recognized Quarters ended June 30, Six (In thousands) 2023 2022 2023 2022 Finance lease cost: Amortization of ROU assets $ 1,071 $ 686 $ 1,895 $ 1,445 Interest on lease liabilities 234 279 530 587 Operating lease cost 7,800 7,660 15,654 15,287 Short-term lease cost 148 113 221 168 Variable lease cost 45 30 101 53 Sublease income (17) (10) (26) (19) Total lease cost [1] $ 9,281 $ 8,758 $ 18,375 $ 17,521 [1] Total lease cost was included as part of other operating income. |
Leases supplemental information | The leases. Six months ended June 30, (Dollars in thousands) 2023 2022 Cash paid for amounts included in the measurement of Operating cash flows from operating leases $ 15,480 $ 15,005 Operating cash flows from finance leases 530 587 Financing cash flows from finance leases 2,645 1,592 ROU assets obtained in exchange for new lease obligations: Operating leases $ 1,623 $ 1,806 Finance leases 1,796 556 Weighted-average remaining lease term: Operating leases 7.4 years 7.5 years Finance leases 8.0 years 8.5 years Weighted-average discount rate: Operating leases 3.1 % 2.8 % Finance leases 3.9 % 4.3 % |
Pension and postretirement be_2
Pension and postretirement benefits (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Employee benefits | |
Components of Net Periodic Pension/Postretirement Benefit Cost | Pension Plans OPEB Plan Quarter ended June 30, Quarter ended June 30, (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 Pension Plans OPEB Plan Six months ended June 30, Six months ended June 30, (In thousands) 2023 2022 2023 2022 Personnel Cost: $ - $ - $ 95 $ 242 Other operating expenses: 15,774 9,600 3,041 1,966 (17,183) (17,694) - - - - - - 10,732 7,822 (1,106) - Total net periodic $ 9,323 $ (272) $ 2,030 $ 2,208 |
Schedule of expected benefit payments | For the six months ended For the year ending (In thousands) June 30, 2023 December 31, 2023 Pension Plans $ 114 $ 228 OPEB Plan $ 3,258 $ 5,924 |
Stock-based compensation (Table
Stock-based compensation (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Executive Officers | |
Schedule of Unvested Restricted Stock Units Roll Forward | (Not in thousands) Shares Weighted-Average Grant Date Fair Value Non-vested at December 31, 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 258,018 67.04 Performance Shares Quantity Adjustment 11,499 75.96 Vested (223,471) 66.77 Forfeited (15,371) 55.82 Non-vested at June 30, 2023 312,638 $ 58.20 |
Directors | |
Schedule of Unvested Restricted Stock Units Roll Forward | (Not in thousands) RSUs / Unrestricted stock 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 36,328 54.78 Vested (36,328) 54.78 Forfeited - - Non-vested at June 30, 2023 $ - $ - |
Income taxes (Tables)
Income taxes (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Components of Deferred Tax Assets and Liabilities | June 30, 2023 PR US Total Deferred tax assets: Tax credits available $ 261 $ 6,934 $ 7,195 Net operating loss and other carryforward available 122,293 649,973 772,266 Postretirement and pension benefits 46,920 - 46,920 Allowance for credit losses 238,377 30,595 268,972 Depreciation 6,033 6,345 12,378 FDIC-assisted transaction 152,665 - 152,665 Lease liability 29,241 21,058 50,299 Unrealized net loss on investment securities 235,339 22,720 258,059 Difference in outside basis from pass-through entities 32,234 - 32,234 Mortgage Servicing Rights 14,700 - 14,700 Other temporary differences 30,222 9,070 39,292 Total gross deferred 908,285 746,695 1,654,980 Deferred tax liabilities: Intangibles 83,032 56,209 139,241 Right of use assets 26,856 18,283 45,139 Deferred loan origination fees/cost 2,096 2,478 4,574 Loans acquired 20,914 - 20,914 Other temporary differences 6,522 422 6,944 Total gross deferred 139,420 77,392 216,812 Valuation allowance 138,825 398,360 537,185 Net deferred tax asset $ 630,040 $ 270,943 $ 900,983 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 Balance at June 30 $ 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 June 30, 2023 June 30, 2022 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 72,998 38 % $ 103,362 38 % Net benefit of tax exempt interest income (27,316) (14) (34,397) (12) Effect of income subject to preferential tax rate 278 - (3,097) (1) Deferred tax asset valuation allowance 994 1 2,047 - Difference in tax rates due to multiple jurisdictions (3,869) (2) (6,817) (3) State and local taxes 3,037 2 3,566 1 Others (2,619) (2) (452) - Income tax expense $ 43,503 22 % $ 64,212 23 % Six months ended June 30, 2023 June 30, 2022 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 149,983 38 % $ 201,674 38 % Net benefit of tax exempt interest income (49,218) (12) (77,266) (15) Deferred tax asset valuation allowance (3,572) (1) 5,938 1 Difference in tax rates due to multiple jurisdictions (9,039) (2) (13,310) (3) Effect of income subject to preferential tax rate (576) - (7,042) (1) State and local taxes 6,392 2 7,231 1 Others (4,153) (1) (2,534) - Income tax expense $ 89,817 22 % $ 114,691 21 % |
Supplemental disclosure on th_2
Supplemental disclosure on the consolidated statements of cash flows (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Supplemental Cash Flow Information | |
Additional Disclosures on Cash Flow Information and Non-Cash Activities | (In thousands) June 30, 2023 June 30, 2022 Non-cash activities: $ 35,133 $ 37,434 34,497 25,836 69,630 63,270 6,363 4,183 5,075 4,282 25,409 20,466 30,484 24,748 35,492 19,745 - 440 49,361 9,199 2,150 5,773 [1] 24,359 258,998 6,460 44,474 1,022 10,313 124,708 - 1,240 5,032 1,165 5,544 10,006 4,510 [1] Includes loans securitized into trading securities and subsequently |
Reconciliation Of Cash And Due From Banks And Restricted Cash | (In thousands) June 30, 2023 June 30, 2022 Cash and due from banks $ 450,125 $ 476,768 Restricted cash and due from banks 26,517 51,822 Restricted cash in money market investments 6,058 6,787 Total cash and due [2] $ 482,700 $ 535,377 [2] Refer to Note 5 - Restrictions on cash and due from banks |
Segment reporting (Tables)
Segment reporting (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Table Text Block | |
Results of Operations and Total Assets | 2023 For the quarter ended June 30, 2023 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 453,075 $ 87,502 $ - Provision for credit losses 29,345 7,907 - Non-interest income 143,804 5,887 (134) Amortization of intangibles 485 310 - Depreciation expense 11,875 1,885 - Other operating expenses 386,069 61,151 (134) Income tax expense 37,303 6,850 - Net income $ 131,802 $ 15,286 $ - Segment assets $ 58,392,177 $ 12,549,742 $ (442,125) For the quarter ended June 30, 2023 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 540,577 $ (8,909) $ - $ 531,668 Provision for credit losses (benefit) 37,252 (60) - 37,192 Non-interest income 149,557 13,012 (2,098) 160,471 Amortization of intangibles 795 - - 795 Depreciation expense 13,760 355 - 14,115 Other operating expenses 447,086 (556) (1,156) 445,374 Income tax expense (benefit) 44,153 (289) (361) 43,503 Net income $ 147,088 $ 4,653 $ (581) $ 151,160 Segment assets $ 70,499,794 $ 5,844,554 $ (5,506,082) $ 70,838,266 For the six months ended June 30, 2023 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Eliminations Net interest income $ 902,895 $ 177,588 $ 1 Provision for credit losses 75,053 9,972 - Non-interest income 291,275 12,271 (270) Amortization of intangibles 969 621 - Depreciation expense 23,544 3,699 - Other operating expenses 749,784 124,468 (270) Income tax expense 80,135 10,826 - Net income $ 264,685 $ 40,273 $ 1 Segment assets $ 58,392,177 $ 12,549,742 $ (442,125) For the six months ended June 30, 2023 Reportable Total (In thousands) Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,080,484 $ (17,160) $ - $ 1,063,324 Provision for credit losses (benefit) 85,025 (196) - 84,829 Non-interest income 303,276 22,726 (3,570) 322,432 Amortization of intangibles 1,590 - - 1,590 Depreciation expense 27,243 714 - 27,957 Other operating expenses 873,982 (326) (2,232) 871,424 Income tax expense (benefit) 90,961 (610) (534) 89,817 Net income $ 304,959 $ 5,984 $ (804) $ 310,139 Segment assets $ 70,499,794 $ 5,844,554 $ (5,506,082) $ 70,838,266 2022 For the quarter ended June 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Eliminations Net interest income $ 447,794 $ 93,431 $ 1 Provision for credit losses (benefit) 8,818 588 - Non-interest income 144,377 4,919 (136) Amortization of intangibles 485 310 - Depreciation expense 11,675 1,755 - Other operating expenses 337,979 55,911 (136) Income tax expense 53,588 11,697 - Net income $ 179,626 $ 28,089 $ 1 Segment assets $ 60,435,535 $ 10,820,953 $ (172,039) For the quarter ended June 30, 2022 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 541,226 $ (7,364) $ - $ 533,862 Provision for credit losses (benefit) 9,406 (44) - 9,362 Non-interest income 149,160 11,567 (3,316) 157,411 Amortization of intangibles 795 - - 795 Depreciation expense 13,430 294 - 13,724 Other operating expenses 393,754 (547) (1,448) 391,759 Income tax expense (benefit) 65,285 (335) (738) 64,212 Net income $ 207,716 $ 4,835 $ (1,130) $ 211,421 Segment assets $ 71,084,449 $ 5,456,518 $ (5,039,036) $ 71,501,931 For the six months ended June 30, 2022 Banco Popular Intersegment (In thousands) de Puerto Rico Popular U.S. Net interest income $ 862,963 $ 179,951 $ 2 Provision for credit losses (benefit) (4,872) (1,431) - Non-interest income 280,239 10,873 (273) Amortization of intangibles 969 717 - Depreciation expense 23,192 3,579 - Other operating expenses 672,857 109,550 (272) Income tax expense 92,904 23,289 - Net income $ 358,152 $ 55,120 $ 1 Segment assets $ 60,435,535 $ 10,820,953 $ (172,039) For the six months ended June 30, 2022 Reportable Total (In thousands) Corporate Eliminations Popular, Inc. Net interest income (expense) $ 1,042,916 $ (14,742) $ - $ 1,028,174 Provision for credit losses (benefit) (6,303) 165 - (6,138) Non-interest income 290,839 25,832 (4,568) 312,103 Amortization of intangibles 1,686 - - 1,686 Depreciation expense 26,771 583 - 27,354 Other operating expenses 782,135 (103) (2,455) 779,577 Income tax expense (benefit) 116,193 (667) (835) 114,691 Net income $ 413,273 $ 11,112 $ (1,278) $ 423,107 Segment assets $ 71,084,449 $ 5,456,518 $ (5,039,036) $ 71,501,931 |
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area | Geographic Information Quarter ended Six months ended (In thousands) June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022 Revenues: [1] $ 536,075 $ 560,635 $ 1,083,978 $ 1,088,308 132,720 111,369 257,765 214,543 23,344 19,269 44,013 37,426 Total consolidated $ 692,139 $ 691,273 $ 1,385,756 $ 1,340,277 [1] Total revenues include including impairment on equity securities, net gain (loss) on other operating income. Selected Balance Sheet Information: (In thousands) June 30, 2023 December 31, 2022 Puerto Rico Total assets $ 55,719,290 $ 53,541,427 Loans 21,323,370 20,884,442 Deposits 53,166,029 51,138,790 United States Total assets $ 13,907,471 $ 12,718,775 Loans 11,215,440 10,643,964 Deposits 9,069,798 8,182,702 Other Total assets $ 1,211,505 $ 1,377,715 Loans 547,533 554,744 Deposits [1] 1,768,991 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 | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Reclassification [Line items] | ||||
Equipment expenses | $ 9,561 | $ 8,674 | $ 17,973 | $ 17,063 |
Professional fees | 50,132 | 38,430 | 83,563 | 75,222 |
Technology and software expenses | 72,354 | 74,761 | 140,913 | 145,296 |
Processing and transactional services | 36,801 | 31,037 | 70,710 | 61,990 |
Communications | 4,175 | 3,497 | 8,263 | 7,170 |
Other operating expenses | $ 22,852 | 18,292 | $ 47,213 | 42,222 |
Net effect on operating expenses | 174,691 | 348,963 | ||
As Reported | ||||
Reclassification [Line items] | ||||
Equipment expenses | 25,088 | 48,567 | ||
Professional fees | 114,872 | 223,369 | ||
Technology and software expenses | 0 | 0 | ||
Processing and transactional services | 0 | 0 | ||
Communications | 5,993 | 12,140 | ||
Other operating expenses | 28,738 | 64,887 | ||
Net effect on operating expenses | 174,691 | 348,963 | ||
Adjustments | ||||
Reclassification [Line items] | ||||
Equipment expenses | (16,414) | (31,504) | ||
Professional fees | (76,442) | (148,147) | ||
Technology and software expenses | 74,761 | 145,296 | ||
Processing and transactional services | 31,037 | 61,990 | ||
Communications | (2,496) | (4,970) | ||
Other operating expenses | (10,446) | (22,665) | ||
Net effect on operating expenses | $ 0 | $ 0 |
New Accounting Pronouncement -
New Accounting Pronouncement - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | |||||
Mar. 31, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
New Accounting Pronouncements Or Change In Accounting Principle [Line Items] | ||||||
Stockholders' equity | $ 4,470,725 | $ 4,565,009 | $ 4,093,425 | $ 4,293,349 | $ 4,671,246 | $ 5,969,397 |
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 | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
summary of accounting policies [Line Items] | ||||||
Stockholders' equity | $ 4,470,725 | $ 4,565,009 | $ 4,093,425 | $ 4,293,349 | $ 4,671,246 | $ 5,969,397 |
Cumulative effect adoption adjustment | ||||||
summary of accounting policies [Line Items] | ||||||
Stockholders' equity | 28,752 | |||||
ASU 2022-02 | ||||||
summary of accounting policies [Line Items] | ||||||
Allowance for credit loss, increase (decrease) | $ 46,000 | |||||
ASU 2022-02 | Cumulative effect adoption adjustment | ||||||
summary of accounting policies [Line Items] | ||||||
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 | Jun. 30, 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 | $ 2,700 | $ 2,800 |
Restricted Cash And Cash Equivalents | $ 64 | $ 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 | Jun. 30, 2023 | Dec. 31, 2022 | Oct. 15, 2022 |
Amortized cost | |||
Amortized Cost | $ 18,875,236 | $ 19,562,549 | |
Gross unrealized gains | |||
Gross unrealized gains | 1,399 | 1,516 | |
Gross unrealized loss | |||
Gross unrealized losses | 1,634,418 | 1,759,691 | |
Fair Value | |||
Debt securities available-for-sale | $ 17,242,217 | $ 17,804,374 | |
Weighted average yield | |||
Weighted Average Yield | 2.07% | 1.75% | |
US Treasury Securities | |||
Amortized cost | |||
Amortized cost - Within 1 year | $ 5,923,108 | $ 4,576,127 | |
Amortized cost - After 1 to 5 years | 5,164,568 | 6,793,739 | |
Amortized cost - After 5 to 10 years | 308,191 | 308,854 | |
Amortized Cost | 11,395,867 | 11,678,720 | |
Gross unrealized gains | |||
Gross unrealized gain - Within 1 year | 738 | 506 | |
Gross unrealized gain - After 1 to 5 years | 0 | 0 | |
Gross unrealized gain - After 5 to 10 years | 0 | 0 | |
Gross unrealized gains | 738 | 506 | |
Gross unrealized loss | |||
Gross unrealized losses - Within 1 year | 64,897 | 47,156 | |
Gross unrealized losses - After 1 to 5 years | 325,078 | 410,858 | |
Gross unrealized losses - After 5 to 10 years | 38,648 | 40,264 | |
Gross unrealized losses | 428,623 | 498,278 | $ 873,000 |
Fair Value | |||
Fair value - Within 1 year | 5,858,949 | 4,529,477 | |
Fair value - After 1 to 5 years | 4,839,490 | 6,382,881 | |
Fair value - After 5 to 10 years | 269,543 | 268,590 | |
Debt securities available-for-sale | $ 10,967,982 | $ 11,180,948 | |
Weighted average yield | |||
Weighted average yield - Within 1 year | 3.17% | 2.42% | |
Weighted average yield - After 1 to 5 years | 1.34% | 1.35% | |
Weighted average yield - After 5 to 10 years | 1.63% | 1.63% | |
Weighted Average Yield | 2.30% | 1.78% | |
Collateralized Mortgage Obligations - Federal agencies | |||
Amortized cost | |||
Amortized cost - After 1 to 5 years | $ 21,581 | $ 3,914 | |
Amortized cost - After 5 to 10 years | 22,328 | 47,979 | |
Amortized cost - After 10 years | 118,716 | 127,639 | |
Amortized Cost | 162,625 | 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 | 21 | 24 | |
Gross unrealized gains | 21 | 24 | |
Gross unrealized loss | |||
Gross unrealized losses - After 1 to 5 years | 1,416 | 213 | |
Gross unrealized losses - After 5 to 10 years | 1,871 | 3,428 | |
Gross unrealized losses - After 10 years | 11,307 | 10,719 | |
Gross unrealized losses | 14,594 | 14,360 | |
Fair Value | |||
Fair value - After 1 to 5 years | 20,165 | 3,701 | |
Fair value - After 5 to 10 years | 20,457 | 44,551 | |
Fair value - After 10 years | 107,430 | 116,944 | |
Debt securities available-for-sale | $ 148,052 | $ 165,196 | |
Weighted average yield | |||
Weighted average yield - After 1 to 5 years | 1.53% | 1.77% | |
Weighted average yield - After 5 to 10 years | 1.96% | 1.73% | |
Weighted average yield - After 10 years | 2.57% | 2.53% | |
Weighted Average Yield | 2.35% | 2.30% | |
Mortgage Backed Securities | |||
Amortized cost | |||
Amortized cost - Within 1 year | $ 2,049 | ||
Amortized cost - After 1 to 5 years | 74,177 | $ 74,328 | |
Amortized cost - After 5 to 10 years | 818,545 | 866,757 | |
Amortized cost - After 10 years | 6,420,939 | 6,762,150 | |
Amortized Cost | 7,315,710 | 7,703,235 | |
Gross unrealized gains | |||
Gross unrealized gain - Within 1 year | 0 | ||
Gross unrealized gain - After 1 to 5 years | 7 | 11 | |
Gross unrealized gain - After 5 to 10 years | 27 | 43 | |
Gross unrealized gain - After 10 years | 606 | 932 | |
Gross unrealized gains | 640 | 986 | |
Gross unrealized loss | |||
Gross unrealized losses - Within 1 year | 48 | ||
Gross unrealized losses - After 1 to 5 years | 4,006 | 3,428 | |
Gross unrealized losses - After 5 to 10 years | 61,887 | 58,997 | |
Gross unrealized losses - After 10 years | 1,125,259 | 1,184,626 | |
Gross unrealized losses | 1,191,200 | 1,247,051 | |
Fair Value | |||
Fair value - Within 1 year | 2,001 | ||
Fair value - After 1 to 5 years | 70,178 | 70,911 | |
Fair value - After 5 to 10 years | 756,685 | 807,803 | |
Fair value - After 10 years | 5,296,286 | 5,578,456 | |
Debt securities available-for-sale | $ 6,125,150 | $ 6,457,170 | |
Weighted average yield | |||
Weighted average yield - Within 1 year | 3.39% | ||
Weighted average yield - After 1 to 5 years | 2.36% | 2.33% | |
Weighted average yield - After 5 to 10 years | 2.20% | 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 | $ 1,034 | $ 1,062 | |
Amortized Cost | 1,034 | 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 | 1 | 2 | |
Gross unrealized losses | 1 | 2 | |
Fair Value | |||
Fair value - After 1 to 5 years | 1,033 | 1,060 | |
Debt securities available-for-sale | $ 1,033 | $ 1,060 | |
Weighted average yield | |||
Weighted average yield - After 1 to 5 years | 3.99% | 3.98% | |
Weighted Average Yield | 3.99% | 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 | Jun. 30, 2023 | Dec. 31, 2022 |
Asset pledged as collateral | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Debt securities | $ 12.9 | $ 11.3 |
Loans served as collateral for public funds | 11.9 | 10.3 |
Asset Not Pledged as Collateral | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Debt securities | $ 4.2 | $ 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 | Jun. 30, 2023 | Dec. 31, 2022 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | $ 699,759 | $ 7,907,905 |
Less than 12 months Gross Unrealized Losses | 23,574 | 437,310 |
12 months or more Fair Value | 13,646,625 | 7,929,428 |
12 months or more Gross Unrealized Losses | 1,610,844 | 1,322,381 |
Total Fair Value | 14,346,384 | 15,837,333 |
Total Gross Unrealized Losses | 1,634,418 | 1,759,691 |
US Treasury Securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 490,744 | 6,027,786 |
Less than 12 months Gross Unrealized Losses | 11,327 | 288,582 |
12 months or more Fair Value | 7,622,733 | 3,244,572 |
12 months or more Gross Unrealized Losses | 417,296 | 209,696 |
Total Fair Value | 8,113,477 | 9,272,358 |
Total Gross Unrealized Losses | 428,623 | 498,278 |
Collateralized Mortgage Obligations - Federal agencies | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 37,683 | 139,845 |
Less than 12 months Gross Unrealized Losses | 2,204 | 10,655 |
12 months or more Fair Value | 107,840 | 22,661 |
12 months or more Gross Unrealized Losses | 12,390 | 3,705 |
Total Fair Value | 145,523 | 162,506 |
Total Gross Unrealized Losses | 14,594 | 14,360 |
Mortgage Backed Securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 171,299 | 1,740,214 |
Less than 12 months Gross Unrealized Losses | 10,042 | 138,071 |
12 months or more Fair Value | 5,916,052 | 4,662,195 |
12 months or more Gross Unrealized Losses | 1,181,158 | 1,108,980 |
Total Fair Value | 6,087,351 | 6,402,409 |
Total Gross Unrealized Losses | 1,191,200 | 1,247,051 |
Other | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 33 | 60 |
Less than 12 months Gross Unrealized Losses | 1 | 2 |
12 months or more Fair Value | 0 | 0 |
12 months or more Gross Unrealized Losses | 0 | 0 |
Total Fair Value | 33 | 60 |
Total Gross Unrealized Losses | $ 1 | $ 2 |
Debt Securities Available for_4
Debt Securities Available for Sale - Debt securities available- for-sale - Additional Information (Details) - USD ($) | 6 Months Ended | |||
Oct. 15, 2022 | Jun. 30, 2023 | Jun. 30, 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 | 1,634,418,000 | $ 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 | $ 428,623,000 | $ 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 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 |
Amortized cost | ||||||
Amortized cost | $ 9,156,996 | $ 9,356,739 | ||||
Book Value | ||||||
Book Value | 8,410,566 | 8,525,366 | ||||
Allowance for credit losses | ||||||
Allowance for credit losses | 6,145 | 6,911 | ||||
Net of Allowance | ||||||
Net of Allowance | 8,404,421 | 8,518,455 | ||||
Gross unrecognized gains | ||||||
Gross Unrealized Gains | 3,312 | 4,918 | ||||
Gross unrealized losses | ||||||
Gross Unrealized Losses | 132,783 | 83,177 | ||||
Fair Value | ||||||
Fair value | $ 8,274,950 | $ 8,440,196 | ||||
Weighted Average Yield | ||||||
Weighted Average Yield | 1.52% | 1.55% | ||||
US Treasury Securities | ||||||
Amortized cost | ||||||
Amortized cost - Within 1 year | $ 598,603 | $ 499,034 | ||||
Amortized cost - After 1 to 5 year | 7,056,531 | 6,147,568 | ||||
Amortized cost - After 5 to 10 years | 1,427,865 | 2,638,238 | ||||
Amortized cost | 9,082,999 | 9,284,840 | ||||
Book Value | ||||||
Book Value - within 1 year | 598,603 | 499,034 | ||||
Book Value - Within 1 to 5 years | 6,471,438 | 5,640,767 | ||||
Book Balue - After 5 to 10 years | 1,266,528 | 2,313,666 | ||||
Book Value | 8,336,569 | 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 | 598,603 | 499,034 | ||||
Net of Allowance - After 1 to 5 Years | 6,471,438 | 5,640,767 | ||||
Net of Allowance - After 5 to 10 Years | 1,266,528 | 2,313,666 | ||||
Net of Allowance | 8,336,569 | 8,453,467 | ||||
Gross unrecognized gains | ||||||
Gross unrealized gains - Within 1 year | 0 | 0 | ||||
Gross unrealized gains - After 1 to 5 years | 0 | 0 | ||||
Gross unrealized gains - After 5 to 10 years | 0 | 0 | ||||
Gross Unrealized Gains | 0 | 0 | ||||
Gross unrealized losses | ||||||
Gross unrealized losses - Within 1 year | 8,926 | 6,203 | ||||
Gross unrealized losses - After 1 to 5 years | 106,735 | 59,806 | ||||
Gross unrealized losses - After 5 to 10 years | 14,050 | 14,857 | ||||
Gross Unrealized Losses | 129,711 | 80,866 | ||||
Fair Value | ||||||
Fair Value - within 1 year | 589,677 | 492,831 | ||||
Fair Value - After 1 to 5 years | 6,364,703 | 5,580,961 | ||||
Fair Value - After 5 to 10 years | 1,252,478 | 2,298,809 | ||||
Fair value | $ 8,206,858 | $ 8,372,601 | ||||
Weighted Average Yield | ||||||
Weighted average yield - Within 1 Year | 2.55% | 2.83% | ||||
Weighted average yield - After 1 to 5 years | 1.42% | 1.49% | ||||
Weighted average yield - After 5 to 10 years | 1.50% | 1.41% | ||||
Weighted Average Yield | 1.51% | 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 | 20,282 | 19,105 | ||||
Amortized cost - After 5 to 10 years | 1,025 | 1,025 | ||||
Amortized cost - After 10 years | 40,434 | 41,261 | ||||
Amortized cost | 66,471 | 65,921 | ||||
Book Value | ||||||
Book Value - within 1 year | 4,730 | 4,530 | ||||
Book Value - Within 1 to 5 years | 20,282 | 19,105 | ||||
Book Balue - After 5 to 10 years | 1,025 | 1,025 | ||||
Book Value - After 10 years | 40,434 | 41,261 | ||||
Book Value | 66,471 | 65,921 | ||||
Allowance for credit losses | ||||||
Allowance for credit losses - Within 1 Year | 12 | 8 | ||||
Allowance for credit losses - After 1 to 5 years | 195 | 234 | ||||
Allowance for credit losses - After 5 to 10 years | 33 | 34 | ||||
Allowance for credit losses - After 10 years | 5,905 | 6,635 | ||||
Allowance for credit losses | 6,145 | $ 6,792 | 6,911 | $ 7,495 | $ 7,844 | $ 8,096 |
Net of Allowance | ||||||
Net of Allowance - Within 1 Year | 4,718 | 4,522 | ||||
Net of Allowance - After 1 to 5 Years | 20,087 | 18,871 | ||||
Net of Allowance - After 5 to 10 Years | 992 | 991 | ||||
Net of Allowance - After 10 Years | 34,529 | 34,626 | ||||
Net of Allowance | 60,326 | 59,010 | ||||
Gross unrecognized gains | ||||||
Gross unrealized gains - Within 1 year | 12 | 5 | ||||
Gross unrealized gains - After 1 to 5 years | 95 | 150 | ||||
Gross unrealized gains - After 5 to 10 years | 33 | 34 | ||||
Gross unrealized gains - After 10 years | 3,172 | 4,729 | ||||
Gross Unrealized Gains | 3,312 | 4,918 | ||||
Gross unrealized losses | ||||||
Gross unrealized losses - Within 1 year | 5 | 0 | ||||
Gross unrealized losses - After 1 to 5 years | 156 | 82 | ||||
Gross unrealized losses - After 5 to 10 years | 0 | 0 | ||||
Gross unrealized losses - After 10 years | 2,801 | 2,229 | ||||
Gross Unrealized Losses | 2,962 | 2,311 | ||||
Fair Value | ||||||
Fair Value - within 1 year | 4,725 | 4,527 | ||||
Fair Value - After 1 to 5 years | 20,026 | 18,939 | ||||
Fair Value - After 5 to 10 years | 1,025 | 1,025 | ||||
Fair Value - After 10 years | 34,900 | 37,126 | ||||
Fair value | $ 60,676 | $ 61,617 | ||||
Weighted Average Yield | ||||||
Weighted average yield - Within 1 Year | 6.14% | 6.08% | ||||
Weighted average yield - After 1 to 5 years | 3.74% | 4.24% | ||||
Weighted average yield - After 5 to 10 years | 5.80% | 5.80% | ||||
Weighted average yield - After 10 years | 1.41% | 1.40% | ||||
Weighted Average Yield | 2.53% | 2.61% | ||||
Collateralized Mortgage Obligations - Federal agencies | ||||||
Amortized cost | ||||||
Amortized cost - Within 1 year | $ 16 | |||||
Amortized cost - After 1 to 5 year | $ 19 | |||||
Amortized cost - After 10 years | 1,550 | |||||
Amortized cost | 1,566 | 19 | ||||
Book Value | ||||||
Book Value - within 1 year | 16 | |||||
Book Value - Within 1 to 5 years | 19 | |||||
Book Value - After 10 years | 1,550 | |||||
Book Value | 1,566 | 19 | ||||
Allowance for credit losses | ||||||
Allowance for credit losses - Within 1 Year | 0 | |||||
Allowance for credit losses - After 1 to 5 years | 0 | |||||
Allowance for credit losses - After 10 years | 0 | |||||
Allowance for credit losses | 0 | 0 | ||||
Net of Allowance | ||||||
Net of Allowance - Within 1 Year | 16 | |||||
Net of Allowance - After 1 to 5 Years | 19 | |||||
Net of Allowance - After 10 Years | 1,550 | |||||
Net of Allowance | 1,566 | 19 | ||||
Gross unrecognized gains | ||||||
Gross unrealized gains - Within 1 year | 0 | |||||
Gross unrealized gains - After 1 to 5 years | 0 | |||||
Gross unrealized gains - After 10 years | 0 | |||||
Gross Unrealized Gains | 0 | 0 | ||||
Gross unrealized losses | ||||||
Gross unrealized losses - Within 1 year | 0 | |||||
Gross unrealized losses - After 1 to 5 years | 0 | |||||
Gross unrealized losses - After 10 years | 110 | |||||
Gross Unrealized Losses | 110 | 0 | ||||
Fair Value | ||||||
Fair Value - within 1 year | 16 | |||||
Fair Value - After 1 to 5 years | 19 | |||||
Fair Value - After 10 years | 1,440 | |||||
Fair value | $ 1,456 | $ 19 | ||||
Weighted Average Yield | ||||||
Weighted average yield - Within 1 Year | 6.44% | |||||
Weighted average yield - After 1 to 5 years | 6.44% | |||||
Weighted average yield - After 10 years | 2.87% | |||||
Weighted Average Yield | 2.91% | 6.44% | ||||
Securities in wholly owned statutory business trusts | ||||||
Amortized cost | ||||||
Amortized cost - After 10 years | $ 5,960 | $ 5,959 | ||||
Amortized cost | 5,960 | 5,959 | ||||
Book Value | ||||||
Book Value - After 10 years | 5,960 | 5,959 | ||||
Book Value | 5,960 | 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 | 5,960 | 5,959 | ||||
Net of Allowance | 5,960 | 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 | 5,960 | 5,959 | ||||
Fair value | $ 5,960 | $ 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 | Jun. 30, 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 | $ 746 | $ 831 |
Asset Not Pledged as Collateral | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt securities | 934 | 1,500 |
Asset pledged as collateral | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt securities | $ 7,400 | $ 6,900 |
Debt Securities Held-to-matur_5
Debt Securities Held-to-maturity - Credit quality indicators (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Debt securities held to maturity credit quality indicator [Line Items] | ||
Held to maturity securities | $ 9,156,996 | $ 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 | 66,471 | 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 | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Debt securities held to maturity allowance for credit loss | ||||
Beginning balance | $ 6,911 | |||
Ending balance | $ 6,145 | 6,145 | ||
Obligations of Puerto Rico, States and political subdivisions | ||||
Debt securities held to maturity allowance for credit loss | ||||
Beginning balance | 6,792 | $ 7,844 | 6,911 | $ 8,096 |
Provision for credit losses (benefit) | (647) | (349) | (766) | (601) |
Securities charged-off | 0 | 0 | 0 | 0 |
Recoveries | 0 | 0 | 0 | 0 |
Ending balance | $ 6,145 | $ 7,495 | $ 6,145 | $ 7,495 |
Debt Securities Held-to-matur_7
Debt Securities Held-to-maturity -Additional Information (Details) | Jun. 30, 2023 USD ($) score | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) score | Jun. 30, 2022 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) |
Schedule of Held-to-maturity Securities [Line Items] | ||||||
Held to maturity securities | $ 9,156,996,000 | $ 9,356,739,000 | ||||
Allowance for credit losses | 6,145,000 | 6,911,000 | ||||
Obligations of Puerto Rico, States and political subdivisions | ||||||
Schedule of Held-to-maturity Securities [Line Items] | ||||||
Held to maturity securities | 66,471,000 | 65,921,000 | ||||
Allowance for credit losses | $ 6,145,000 | $ 6,792,000 | $ 6,911,000 | $ 7,495,000 | $ 7,844,000 | $ 8,096,000 |
Average Credit Score Fico | score | 709 | 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 | 40,000,000 | 42,000,000 | ||||
Allowance for credit losses | 5,900,000 | 6,600,000 | ||||
Obligations of Puerto Rico, States and political subdivisions | Munis payable from US treasure securities proceeds | ||||||
Schedule of Held-to-maturity Securities [Line Items] | ||||||
Held to maturity securities | 5,000,000 | |||||
Allowance for credit losses | 0 | |||||
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 | Jun. 30, 2023 | Dec. 31, 2022 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | $ 33,030,922 | $ 32,077,769 |
Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 355,272 | 363,706 |
Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 141,623 | 139,856 |
Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 658,831 | 791,055 |
Non-accrual loans | 385,504 | 439,441 |
Accruing loans past-due 90 days or more | 273,327 | 351,614 |
Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,155,726 | 1,294,617 |
Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 31,875,196 | 30,783,152 |
Construction | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 819,903 | 757,984 |
Construction | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Construction | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 970 | 0 |
Construction | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 9,284 | 0 |
Non-accrual loans | 9,284 | 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 | 10,254 | 0 |
Construction | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 809,649 | 757,984 |
Mortgages | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 7,449,078 | 7,397,471 |
Mortgages | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 222,288 | 239,057 |
Mortgages | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 94,390 | 97,715 |
Mortgages | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 464,507 | 600,481 |
Non-accrual loans | 208,796 | 262,879 |
Accruing loans past-due 90 days or more | 255,711 | 337,602 |
Mortgages | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 781,185 | 937,253 |
Mortgages | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 6,667,893 | 6,460,218 |
Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,331,499 | 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 | 6,915 | 2,602 |
Commercial | Commercial multi-family | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 179 | 0 |
Commercial | Commercial multi-family | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 602 | 242 |
Non-accrual loans | 602 | 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 | 7,696 | 2,844 |
Commercial | Commercial multi-family | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,323,803 | 2,318,869 |
Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,744,256 | 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 | 809 | 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 | 512 | 428 |
Commercial | CRE non-owner occupied | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 23,061 | 25,116 |
Non-accrual loans | 23,061 | 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 | 24,382 | 26,969 |
Commercial | CRE non-owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,719,874 | 4,472,701 |
Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,041,398 | 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 | 3,047 | 729 |
Commercial | CRE owner occupied | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 700 | 245 |
Commercial | CRE owner occupied | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 40,927 | 29,085 |
Non-accrual loans | 40,927 | 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 | 44,674 | 30,059 |
Commercial | CRE owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,996,724 | 3,048,490 |
Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 6,251,147 | 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 | 5,061 | 15,996 |
Commercial | Commercial and Industrial | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,466 | 3,146 |
Commercial | Commercial and Industrial | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 39,001 | 40,462 |
Non-accrual loans | 35,736 | 38,596 |
Accruing loans past-due 90 days or more | 3,265 | 1,866 |
Commercial | Commercial and Industrial | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 46,528 | 59,604 |
Commercial | Commercial and Industrial | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 6,204,619 | 5,779,596 |
Leasing | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,661,523 | 1,585,739 |
Leasing | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 13,160 | 11,983 |
Leasing | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,811 | 3,563 |
Leasing | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,743 | 5,941 |
Non-accrual loans | 4,743 | 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 | 21,714 | 21,487 |
Leasing | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,639,809 | 1,564,252 |
Consumer | Credit card | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,057,389 | 1,041,870 |
Consumer | Credit card | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 9,506 | 7,106 |
Consumer | Credit card | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 6,311 | 5,049 |
Consumer | Credit card | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 14,185 | 11,910 |
Non-accrual loans | 0 | 0 |
Accruing loans past-due 90 days or more | 14,185 | 11,910 |
Consumer | Credit card | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 30,002 | 24,065 |
Consumer | Credit card | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,027,387 | 1,017,805 |
Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 68,440 | 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 | 464 | 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 | 49 | 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 | 4,252 | 4,110 |
Non-accrual loans | 4,252 | 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 | 4,765 | 4,684 |
Consumer | Home equity lines of credit | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 63,675 | 67,232 |
Consumer | Personal loans | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,896,594 | 1,823,579 |
Consumer | Personal loans | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 17,631 | 15,040 |
Consumer | Personal loans | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 13,385 | 10,219 |
Consumer | Personal loans | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 20,164 | 20,040 |
Non-accrual loans | 20,164 | 20,040 |
Accruing loans past-due 90 days or more | 0 | 0 |
Consumer | Personal loans | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 51,180 | 45,299 |
Consumer | Personal loans | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,845,414 | 1,778,280 |
Consumer | Auto Loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,565,533 | 3,512,530 |
Consumer | Auto Loan | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 75,879 | 68,868 |
Consumer | Auto Loan | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 18,422 | 19,243 |
Consumer | Auto Loan | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 36,204 | 40,978 |
Non-accrual loans | 36,204 | 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 | 130,505 | 129,089 |
Consumer | Auto Loan | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,435,028 | 3,383,441 |
Consumer | Other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 144,162 | 147,548 |
Consumer | Other | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 512 | 487 |
Consumer | Other | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 428 | 87 |
Consumer | Other | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,901 | 12,690 |
Non-accrual loans | 1,735 | 12,454 |
Accruing loans past-due 90 days or more | 166 | 236 |
Consumer | Other | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,841 | 13,264 |
Consumer | Other | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 141,321 | 134,284 |
Puerto Rico | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 23,120,284 | 22,546,905 |
Puerto Rico | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 342,902 | 329,733 |
Puerto Rico | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 132,522 | 130,189 |
Puerto Rico | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 625,489 | 753,257 |
Non-accrual loans | 352,339 | 402,009 |
Accruing loans past-due 90 days or more | 273,150 | 351,248 |
Puerto Rico | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,100,913 | 1,213,179 |
Puerto Rico | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 22,019,371 | 21,333,726 |
Puerto Rico | Construction | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 173,735 | 147,041 |
Puerto Rico | Construction | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Puerto Rico | Construction | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 970 | 0 |
Puerto Rico | Construction | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 9,284 | 0 |
Non-accrual loans | 9,284 | 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 | 10,254 | 0 |
Puerto Rico | Construction | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 163,481 | 147,041 |
Puerto Rico | Mortgages | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 6,168,288 | 6,110,279 |
Puerto Rico | Mortgages | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 221,187 | 222,926 |
Puerto Rico | Mortgages | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 88,955 | 91,881 |
Puerto Rico | Mortgages | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 449,930 | 579,993 |
Non-accrual loans | 194,219 | 242,391 |
Accruing loans past-due 90 days or more | 255,711 | 337,602 |
Puerto Rico | Mortgages | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 760,072 | 894,800 |
Puerto Rico | Mortgages | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,408,216 | 5,215,479 |
Puerto Rico | Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 296,877 | 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 | 3,778 | 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 | 179 | 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 | 184 | 242 |
Non-accrual loans | 184 | 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 | 4,141 | 667 |
Puerto Rico | Commercial | Commercial multi-family | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 292,736 | 280,706 |
Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,906,247 | 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 | 177 | 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 | 512 | 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 | 22,942 | 23,662 |
Non-accrual loans | 22,942 | 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 | 23,631 | 25,031 |
Puerto Rico | Commercial | CRE non-owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,882,616 | 2,732,296 |
Puerto Rico | Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,428,058 | 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 | 1,241 | 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 | 700 | 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 | 35,832 | 23,990 |
Non-accrual loans | 35,832 | 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 | 37,773 | 24,964 |
Puerto Rico | Commercial | CRE owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,390,285 | 1,563,092 |
Puerto Rico | Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,038,823 | 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 | 2,597 | 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 | 728 | 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 | 32,846 | 35,777 |
Non-accrual loans | 29,758 | 34,277 |
Accruing loans past-due 90 days or more | 3,088 | 1,500 |
Puerto Rico | Commercial | Commercial and Industrial | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 36,171 | 39,754 |
Puerto Rico | Commercial | Commercial and Industrial | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,002,652 | 3,756,754 |
Puerto Rico | Leasing | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,661,523 | 1,585,739 |
Puerto Rico | Leasing | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 13,160 | 11,983 |
Puerto Rico | Leasing | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,811 | 3,563 |
Puerto Rico | Leasing | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,743 | 5,941 |
Non-accrual loans | 4,743 | 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 | 21,714 | 21,487 |
Puerto Rico | Leasing | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,639,809 | 1,564,252 |
Puerto Rico | Consumer | Credit card | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,057,372 | 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 | 9,506 | 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 | 6,311 | 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 | 14,185 | 11,910 |
Non-accrual loans | 0 | 0 |
Accruing loans past-due 90 days or more | 14,185 | 11,910 |
Puerto Rico | Consumer | Credit card | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 30,002 | 24,065 |
Puerto Rico | Consumer | Credit card | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,027,370 | 1,017,766 |
Puerto Rico | Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,570 | 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 | 2,570 | 2,954 |
Puerto Rico | Consumer | Personal loans | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,685,966 | 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 | 14,865 | 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 | 11,660 | 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 | 17,438 | 18,082 |
Non-accrual loans | 17,438 | 18,082 |
Accruing loans past-due 90 days or more | 0 | 0 |
Puerto Rico | Consumer | Personal loans | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 43,963 | 40,066 |
Puerto Rico | Consumer | Personal loans | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,642,003 | 1,545,621 |
Puerto Rico | Consumer | Auto Loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,565,533 | 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 | 75,879 | 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 | 18,422 | 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 | 36,204 | 40,978 |
Non-accrual loans | 36,204 | 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 | 130,505 | 129,089 |
Puerto Rico | Consumer | Auto Loan | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,435,028 | 3,383,441 |
Puerto Rico | Consumer | Other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 135,292 | 137,580 |
Puerto Rico | Consumer | Other | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 512 | 487 |
Puerto Rico | Consumer | Other | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 274 | 87 |
Puerto Rico | Consumer | Other | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,901 | 12,682 |
Non-accrual loans | 1,735 | 12,446 |
Accruing loans past-due 90 days or more | 166 | 236 |
Puerto Rico | Consumer | Other | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,687 | 13,256 |
Puerto Rico | Consumer | Other | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 132,605 | 124,324 |
Popular U.S. | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 9,910,638 | 9,530,864 |
Popular U.S. | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 12,370 | 33,973 |
Popular U.S. | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 9,101 | 9,667 |
Popular U.S. | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 33,342 | 37,798 |
Non-accrual loans | 33,165 | 37,432 |
Accruing loans past-due 90 days or more | 177 | 366 |
Popular U.S. | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 54,813 | 81,438 |
Popular U.S. | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 9,855,825 | 9,449,426 |
Popular U.S. | Construction | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 646,168 | 610,943 |
Popular U.S. | Construction | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 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 | 0 | 0 |
Popular U.S. | Construction | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 646,168 | 610,943 |
Popular U.S. | Mortgages | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,280,790 | 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 | 1,101 | 16,131 |
Popular U.S. | Mortgages | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,435 | 5,834 |
Popular U.S. | Mortgages | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 14,577 | 20,488 |
Non-accrual loans | 14,577 | 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 | 21,113 | 42,453 |
Popular U.S. | Mortgages | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,259,677 | 1,244,739 |
Popular U.S. | Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,034,622 | 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 | 3,137 | 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 | 418 | 0 |
Non-accrual loans | 418 | 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 | 3,555 | 2,177 |
Popular U.S. | Commercial | Commercial multi-family | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,031,067 | 2,038,163 |
Popular U.S. | Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,838,009 | 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 | 632 | 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 | 119 | 1,454 |
Non-accrual loans | 119 | 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 | 751 | 1,938 |
Popular U.S. | Commercial | CRE non-owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,837,258 | 1,740,405 |
Popular U.S. | Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,613,340 | 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 | 1,806 | 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 | 6,901 | 5,095 |
Popular U.S. | Commercial | CRE owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,606,439 | 1,485,398 |
Popular U.S. | Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,212,324 | 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 | 2,464 | 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 | 1,738 | 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 | 6,155 | 4,685 |
Non-accrual loans | 5,978 | 4,319 |
Accruing loans past-due 90 days or more | 177 | 366 |
Popular U.S. | Commercial | Commercial and Industrial | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 10,357 | 19,850 |
Popular U.S. | Commercial | Commercial and Industrial | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,201,967 | 2,022,842 |
Popular U.S. | Consumer | Credit card | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 17 | 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 | 17 | 39 |
Popular U.S. | Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 65,870 | 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 | 464 | 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 | 49 | 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 | 4,252 | 4,110 |
Non-accrual loans | 4,252 | 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 | 4,765 | 4,684 |
Popular U.S. | Consumer | Home equity lines of credit | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 61,105 | 64,278 |
Popular U.S. | Consumer | Personal loans | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 210,628 | 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 | 2,766 | 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 | 1,725 | 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 | 2,726 | 1,958 |
Non-accrual loans | 2,726 | 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 | 7,217 | 5,233 |
Popular U.S. | Consumer | Personal loans | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 203,411 | 232,659 |
Popular U.S. | Consumer | Other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 8,870 | 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 | 0 | 0 |
Popular U.S. | Consumer | Other | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 154 | 0 |
Popular U.S. | Consumer | Other | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 8 |
Non-accrual loans | 0 | 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 | 154 | 8 |
Popular U.S. | Consumer | Other | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | $ 8,716 | $ 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 | Jun. 30, 2023 | Dec. 31, 2022 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Unearned Income | $ 324,077 | $ 295,156 |
Loans held-for-sale, at fair value | 55,421 | 5,381 |
Notes Receivable Gross | 33,030,922 | 32,077,769 |
Non-accrual with no allowance | 175,612 | 177,104 |
Asset pledged as collateral | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 11,000,000 | 7,400,000 |
Federal Home Loan Bank | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Line Of Credit Facility Current Borrowing Capacity | 3,400,000 | 2,100,000 |
Federal Home Loan Bank | Asset pledged as collateral | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 6,100,000 | 4,800,000 |
FRB Advances | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 4,900,000 | 2,600,000 |
Line Of Credit Facility Current Borrowing Capacity | 3,100,000 | 1,400,000 |
Current | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 31,875,196 | 30,783,152 |
Reverse Mortgages | Current | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 39,000 | 42,000 |
Residential mortgage loans insured By FHA | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual with no allowance | $ 133,000 | $ 190,000 |
Loans - Amortized cost basis an
Loans - Amortized cost basis and interest income recognized on non-accrual loans (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | $ 175,612 | $ 177,104 |
Non-accrual with allowance | 209,892 | 262,337 |
Construction | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | |
Non-accrual with allowance | 9,284 | |
Mortgages | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 104,324 | 119,098 |
Non-accrual with allowance | 104,472 | 143,781 |
Commercial | Commercial multi-family | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 602 | 242 |
Commercial | CRE non-owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 18,924 | 17,093 |
Non-accrual with allowance | 4,137 | 8,023 |
Commercial | CRE owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 29,515 | 14,165 |
Non-accrual with allowance | 11,412 | 14,920 |
Commercial | Commercial and Industrial | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 16,304 | 20,227 |
Non-accrual with allowance | 19,432 | 18,369 |
Leasing | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 221 | 458 |
Non-accrual with allowance | 4,522 | 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 | 4,252 | 4,110 |
Consumer | Personal loans | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 4,768 | 4,623 |
Non-accrual with allowance | 15,396 | 15,417 |
Consumer | Auto Loan | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 1,293 | 1,177 |
Non-accrual with allowance | 34,911 | 39,801 |
Consumer | Other | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 263 | 263 |
Non-accrual with allowance | 1,472 | 12,191 |
Puerto Rico | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 170,014 | 170,484 |
Non-accrual with allowance | 182,325 | 231,525 |
Puerto Rico | Construction | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | |
Non-accrual with allowance | 9,284 | |
Puerto Rico | Mortgages | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 103,821 | 119,027 |
Non-accrual with allowance | 90,398 | 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 | 184 | 242 |
Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 18,924 | 15,639 |
Non-accrual with allowance | 4,018 | 8,023 |
Puerto Rico | Commercial | CRE owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 24,420 | 9,070 |
Non-accrual with allowance | 11,412 | 14,920 |
Puerto Rico | Commercial | Commercial and Industrial | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 16,304 | 20,227 |
Non-accrual with allowance | 13,454 | 14,050 |
Puerto Rico | Leasing | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 221 | 458 |
Non-accrual with allowance | 4,522 | 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 | 4,768 | 4,623 |
Non-accrual with allowance | 12,670 | 13,459 |
Puerto Rico | Consumer | Auto Loan | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 1,293 | 1,177 |
Non-accrual with allowance | 34,911 | 39,801 |
Puerto Rico | Consumer | Other | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 263 | 263 |
Non-accrual with allowance | 1,472 | 12,183 |
Popular U.S. | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 5,598 | 6,620 |
Non-accrual with allowance | 27,567 | 30,812 |
Popular U.S. | Construction | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | |
Non-accrual with allowance | 0 | |
Popular U.S. | Mortgages | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 503 | 71 |
Non-accrual with allowance | 14,074 | 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 | 418 | 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 | 119 | 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 | 5,978 | 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 | 4,252 | 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 | 2,726 | 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 | $ 0 | $ 8 |
Loans - Amortized cost basis of
Loans - Amortized cost basis of collateral dependent loans by class (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | $ 33,030,922 | $ 32,077,769 |
Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 393,712 | 406,836 |
Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 351,736 | 364,991 |
Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 11,700 | 10,576 |
Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 20 | 168 |
Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 7,524 | 9,853 |
Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 22,732 | 21,248 |
Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 819,903 | 757,984 |
Construction | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 19,406 | |
Construction | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 19,406 | |
Construction | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Construction | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Construction | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Construction | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Mortgages | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 7,449,078 | 7,397,471 |
Mortgages | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 110,128 | 129,173 |
Mortgages | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 110,128 | 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 | 2,331,499 | 2,321,713 |
Commercial | Commercial multi-family | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,303 | 1,329 |
Commercial | Commercial multi-family | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,303 | 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 | 4,744,256 | 4,499,670 |
Commercial | CRE non-owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 178,349 | 204,434 |
Commercial | CRE non-owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 178,349 | 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 | 3,041,398 | 3,078,549 |
Commercial | CRE owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 36,413 | 23,329 |
Commercial | CRE owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 36,413 | 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 | 6,251,147 | 5,839,200 |
Commercial | Commercial and Industrial | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 31,058 | 32,351 |
Commercial | Commercial and Industrial | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,094 | 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 | 20 | 168 |
Commercial | Commercial and Industrial | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 7,524 | 9,853 |
Commercial | Commercial and Industrial | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 22,420 | 20,985 |
Consumer | Personal loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,896,594 | 1,823,579 |
Consumer | Personal loans | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,043 | 5,381 |
Consumer | Personal loans | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,043 | 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 | 3,565,533 | 3,512,530 |
Consumer | Auto Loan | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 10,672 | 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 | 10,672 | 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 | 144,162 | 147,548 |
Consumer | Other | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 312 | 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 | 312 | 263 |
Leasing | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,661,523 | 1,585,739 |
Leasing | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,028 | 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 | 1,028 | 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 | 23,120,284 | 22,546,905 |
Puerto Rico | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 379,376 | 399,047 |
Puerto Rico | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 341,028 | 357,338 |
Puerto Rico | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 11,700 | 10,576 |
Puerto Rico | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 20 | 32 |
Puerto Rico | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 7,524 | 9,853 |
Puerto Rico | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 19,104 | 21,248 |
Puerto Rico | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 173,735 | 147,041 |
Puerto Rico | Construction | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 14,706 | |
Puerto Rico | Construction | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 14,706 | |
Puerto Rico | Construction | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Puerto Rico | Construction | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Puerto Rico | Construction | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Puerto Rico | Construction | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Puerto Rico | Mortgages | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 6,168,288 | 6,110,279 |
Puerto Rico | Mortgages | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 109,215 | 128,069 |
Puerto Rico | Mortgages | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 109,215 | 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 | 296,877 | 281,373 |
Puerto Rico | Commercial | Commercial multi-family | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,303 | 1,329 |
Puerto Rico | Commercial | Commercial multi-family | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,303 | 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 | 2,906,247 | 2,757,327 |
Puerto Rico | Commercial | CRE non-owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 178,349 | 202,980 |
Puerto Rico | Commercial | CRE non-owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 178,349 | 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 | 1,428,058 | 1,588,056 |
Puerto Rico | Commercial | CRE owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 31,318 | 18,234 |
Puerto Rico | Commercial | CRE owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 31,318 | 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 | 4,038,823 | 3,796,508 |
Puerto Rico | Commercial | Commercial and Industrial | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 27,430 | 32,215 |
Puerto Rico | Commercial | Commercial and Industrial | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,094 | 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 | 20 | 32 |
Puerto Rico | Commercial | Commercial and Industrial | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 7,524 | 9,853 |
Puerto Rico | Commercial | Commercial and Industrial | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 18,792 | 20,985 |
Puerto Rico | Consumer | Personal loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,685,966 | 1,585,687 |
Puerto Rico | Consumer | Personal loans | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,043 | 5,381 |
Puerto Rico | Consumer | Personal loans | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,043 | 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 | 3,565,533 | 3,512,530 |
Puerto Rico | Consumer | Auto Loan | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 10,672 | 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 | 10,672 | 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 | 135,292 | 137,580 |
Puerto Rico | Consumer | Other | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 312 | 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 | 312 | 263 |
Puerto Rico | Leasing | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,661,523 | 1,585,739 |
Puerto Rico | Leasing | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,028 | 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 | 1,028 | 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 | 9,910,638 | 9,530,864 |
Popular U.S. | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 14,336 | 7,789 |
Popular U.S. | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 10,708 | 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 | 0 | 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 | 3,628 | 0 |
Popular U.S. | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 646,168 | 610,943 |
Popular U.S. | Construction | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 4,700 | |
Popular U.S. | Construction | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 4,700 | |
Popular U.S. | Construction | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Construction | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Construction | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Construction | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Mortgages | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,280,790 | 1,287,192 |
Popular U.S. | Mortgages | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 913 | 1,104 |
Popular U.S. | Mortgages | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 913 | 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 | 2,034,622 | 2,040,340 |
Popular U.S. | Commercial | CRE non-owner occupied | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,838,009 | 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 | 1,613,340 | 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 | 2,212,324 | 2,042,692 |
Popular U.S. | Commercial | Commercial and Industrial | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 3,628 | 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 | 0 | 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 | 3,628 | 0 |
Popular U.S. | Consumer | Personal loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 210,628 | 237,892 |
Popular U.S. | Consumer | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | $ 8,870 | $ 9,968 |
Loans - Purchased Credit Deteri
Loans - Purchased Credit Deteriorated Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Purchased Financial Assets With Credit Deterioration [Abstract] | ||||
Purchase price of loans at acquisition | $ 277 | $ 591 | $ 532 | $ 2,593 |
Allowance for credit losses at acquisition | 10 | 170 | 78 | 782 |
Non-credit discount/(premium) at acquisition | 0 | 26 | 9 | 125 |
Par value of acquired loans at acquisition | $ 287 | $ 787 | $ 619 | $ 3,500 |
Loans - Additional Information
Loans - Additional Information (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Interest income recognized | $ 4,000,000 | $ 3,000,000 | |||
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds | $ 13,759,000 | $ 118,256,000 | 25,003,000 | 263,367,000 | |
Loans held in portfolio, net of unearned income | 33,030,922,000 | 33,030,922,000 | $ 32,077,769,000 | ||
Non-accrual with no allowance | 175,612,000 | 175,612,000 | 177,104,000 | ||
Accumulated loans modified to borrowers under financial difficulties | 1,644,647,000 | ||||
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 | 13,393,000 | 116,296,000 | 24,359,000 | 258,998,000 | |
Accruing | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Accumulated loans modified to borrowers under financial difficulties | 1,495,309,000 | ||||
Collateral Pledged | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 393,712,000 | 393,712,000 | 406,836,000 | ||
Non-accrual with no allowance | 176,000,000 | 176,000,000 | 177,000,000 | ||
Past due | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 1,155,726,000 | 1,155,726,000 | 1,294,617,000 | ||
Past due 90 days or more | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Accruing loans past-due 90 days or more | 273,327,000 | 273,327,000 | 351,614,000 | ||
Loans held in portfolio, net of unearned income | 658,831,000 | 658,831,000 | 791,055,000 | ||
Current | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 31,875,196,000 | 31,875,196,000 | 30,783,152,000 | ||
GNMA | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Repurchased loans | 24,000,000 | 35,000,000 | |||
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 | 77,269,000 | 1,067,000 | 155,163,000 | ||
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 | 13,393,000 | 37,640,000 | 23,292,000 | 95,330,000 | |
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 | 0 | 1,387,000 | 0 | 8,505,000 | |
Consumer loans | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Purchase of Loans | 45,000,000 | 123,000,000 | 72,000,000 | 214,000,000 | |
Residential Mortgage | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Purchase of Loans | 96,000,000 | 71,000,000 | 172,000,000 | 153,000,000 | |
Mortgage Loans Sold | 17,000,000 | 14,000,000 | 27,000,000 | 33,000,000 | |
Commercial Loans | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Purchase of Loans | 38,000,000 | 23,000,000 | 83,000,000 | 23,000,000 | |
Purchased credit deterioration loan | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Purchase of Loans | 300,000 | 1,000,000 | 600,000 | 4,000,000 | |
Mortgages | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 7,449,078,000 | 7,449,078,000 | 7,397,471,000 | ||
Non-accrual with no allowance | 104,324,000 | 104,324,000 | 119,098,000 | ||
Accumulated loans modified to borrowers under financial difficulties | 1,256,766,000 | ||||
Mortgages | Accruing | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Accumulated loans modified to borrowers under financial difficulties | 1,169,976,000 | ||||
Mortgages | Collateral Pledged | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 110,128,000 | 110,128,000 | 129,173,000 | ||
Mortgages | Past due | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 781,185,000 | 781,185,000 | 937,253,000 | ||
Mortgages | Past due 90 days or more | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Accruing loans past-due 90 days or more | 255,711,000 | 255,711,000 | 337,602,000 | ||
Loans held in portfolio, net of unearned income | 464,507,000 | 464,507,000 | 600,481,000 | ||
Mortgages | Current | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 6,667,893,000 | 6,667,893,000 | 6,460,218,000 | ||
Mortgages | US Government Agency Insured Loans | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 2,000,000,000 | 2,000,000,000 | 2,000,000,000 | ||
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 | 300,000,000 | 300,000,000 | 300,000,000 | ||
Mortgages | Guaranteed by U.S. sponsored entities | Accruing | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Accumulated loans modified to borrowers under financial difficulties | 725,000,000 | ||||
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 | 7,000,000 | 7,000,000 | 14,000,000 | ||
Commercial Loans | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Purchase of Loans | 38,000,000 | ||||
Loans Sold | 34,000,000 | $ 43,000,000 | 36,000,000 | $ 43,000,000 | |
Reverse Mortgages | Current | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 39,000,000 | 39,000,000 | 42,000,000 | ||
Residential mortgage loans insured By FHA | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Non-accrual with no allowance | 133,000,000 | 133,000,000 | 190,000,000 | ||
Puerto Rico | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 23,120,284,000 | 23,120,284,000 | 22,546,905,000 | ||
Non-accrual with no allowance | 170,014,000 | 170,014,000 | 170,484,000 | ||
Puerto Rico | Collateral Pledged | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 379,376,000 | 379,376,000 | 399,047,000 | ||
Puerto Rico | Past due | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 1,100,913,000 | 1,100,913,000 | 1,213,179,000 | ||
Puerto Rico | Past due 90 days or more | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Accruing loans past-due 90 days or more | 273,150,000 | 273,150,000 | 351,248,000 | ||
Loans held in portfolio, net of unearned income | 625,489,000 | 625,489,000 | 753,257,000 | ||
Puerto Rico | Current | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 22,019,371,000 | 22,019,371,000 | 21,333,726,000 | ||
Puerto Rico | Mortgages | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 6,168,288,000 | 6,168,288,000 | 6,110,279,000 | ||
Non-accrual with no allowance | 103,821,000 | 103,821,000 | 119,027,000 | ||
Puerto Rico | Mortgages | Collateral Pledged | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 109,215,000 | 109,215,000 | 128,069,000 | ||
Puerto Rico | Mortgages | Past due | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 760,072,000 | 760,072,000 | 894,800,000 | ||
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 | 255,711,000 | 255,711,000 | 337,602,000 | ||
Loans held in portfolio, net of unearned income | 449,930,000 | 449,930,000 | 579,993,000 | ||
Puerto Rico | Mortgages | Current | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 5,408,216,000 | 5,408,216,000 | 5,215,479,000 | ||
Puerto Rico | Reverse Mortgages | Current | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Loans held in portfolio, net of unearned income | 39,000,000 | 39,000,000 | 42,000,000 | ||
Puerto Rico | Residential mortgage loans insured By FHA | Past due | |||||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||||
Non-accrual with no allowance | $ 133,000,000 | $ 133,000,000 | $ 190,000,000 |
Allowance for credit losses - A
Allowance for credit losses - Allowance Movement (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | $ 689,120 | $ 677,792 | $ 720,302 | $ 695,366 | $ 695,366 |
Provision for credit losses (benefit) | 35,661 | 9,861 | 82,807 | (4,544) | |
Allowance for credit losses - PCD Loans | 10 | 170 | 78 | 782 | |
Charge-offs | (44,773) | (27,757) | (98,926) | (53,509) | |
Recoveries | 20,783 | 21,684 | 42,123 | 43,655 | |
Net Write Down | (601) | (601) | |||
Ending balance | 700,200 | 681,750 | 700,200 | 681,750 | 720,302 |
Allowance for credit losses - unfunded commitments: | |||||
Balance at beginning of period | 9,415 | 7,054 | 8,805 | 7,897 | 7,897 |
Provision for credit losses (benefit) | 2,178 | (150) | 2,788 | (993) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Net Write Down | 0 | 0 | |||
Balance at end of period | 11,593 | 6,904 | 11,593 | 6,904 | 8,805 |
ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (45,583) | ||||
Allowance for credit losses - unfunded commitments: | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Construction | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 4,330 | 6,539 | 4,246 | 6,363 | 6,363 |
Provision for credit losses (benefit) | 7,002 | (25) | 7,086 | (1,393) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 399 | 0 | 1,943 | |
Net Write Down | 0 | 0 | |||
Ending balance | 11,332 | 6,913 | 11,332 | 6,913 | 4,246 |
Allowance for credit losses - unfunded commitments: | |||||
Balance at beginning of period | 3,224 | 4,059 | 3,206 | 4,725 | 4,725 |
Provision for credit losses (benefit) | 1,683 | (564) | 1,701 | (1,230) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Net Write Down | 0 | 0 | |||
Balance at end of period | 4,907 | 3,495 | 4,907 | 3,495 | 3,206 |
Construction | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Allowance for credit losses - unfunded commitments: | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Mortgages | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 104,477 | 149,206 | 135,254 | 154,478 | 154,478 |
Provision for credit losses (benefit) | (11,887) | (5,459) | (11,046) | (14,355) | |
Allowance for credit losses - PCD Loans | 10 | 170 | 78 | 782 | |
Charge-offs | (297) | (1,435) | (1,143) | (2,756) | |
Recoveries | 3,790 | 5,823 | 8,604 | 10,156 | |
Net Write Down | 0 | 0 | |||
Ending balance | 96,093 | 148,305 | 96,093 | 148,305 | 135,254 |
Mortgages | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (35,654) | ||||
Commercial | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 243,979 | 204,643 | 235,376 | 215,805 | 215,805 |
Provision for credit losses (benefit) | 5,466 | 1,712 | 12,235 | (14,307) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (4,004) | (1,719) | (6,113) | (2,373) | |
Recoveries | 3,512 | 4,994 | 9,168 | 10,505 | |
Net Write Down | 0 | 0 | |||
Ending balance | 248,953 | 209,630 | 248,953 | 209,630 | 235,376 |
Allowance for credit losses - unfunded commitments: | |||||
Balance at beginning of period | 6,129 | 2,965 | 5,511 | 3,135 | 3,135 |
Provision for credit losses (benefit) | 507 | 384 | 1,125 | 214 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Net Write Down | 0 | 0 | |||
Balance at end of period | 6,636 | 3,349 | 6,636 | 3,349 | 5,511 |
Commercial | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (1,713) | ||||
Allowance for credit losses - unfunded commitments: | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Commercial | Commercial multi-family | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 25,366 | 26,090 | 26,311 | 28,468 | 28,468 |
Provision for credit losses (benefit) | 811 | (2,002) | (136) | (4,387) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 2 | 5 | 4 | 12 | |
Net Write Down | 0 | 0 | |||
Ending balance | 26,179 | 24,093 | 26,179 | 24,093 | 26,311 |
Commercial | Commercial multi-family | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Commercial | CRE non-owner occupied | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 71,850 | 67,037 | 71,540 | 67,457 | 67,457 |
Provision for credit losses (benefit) | 230 | (3,037) | (1,447) | (3,644) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (609) | (30) | (609) | (30) | |
Recoveries | 245 | 707 | 2,232 | 894 | |
Net Write Down | 0 | 0 | |||
Ending balance | 71,716 | 64,677 | 71,716 | 64,677 | 71,540 |
Commercial | CRE non-owner occupied | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Commercial | CRE owner occupied | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 54,497 | 57,028 | 57,081 | 60,229 | 60,229 |
Provision for credit losses (benefit) | (3,263) | 587 | (6,217) | (5,668) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (253) | (835) | (256) | (953) | |
Recoveries | 426 | 1,768 | 1,960 | 4,940 | |
Net Write Down | 0 | 0 | |||
Ending balance | 51,407 | 58,548 | 51,407 | 58,548 | 57,081 |
Commercial | CRE owner occupied | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (1,161) | ||||
Commercial | Commercial and industrial | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 92,266 | 54,488 | 80,444 | 59,651 | 59,651 |
Provision for credit losses (benefit) | 7,688 | 6,164 | 20,035 | (608) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (3,142) | (854) | (5,248) | (1,390) | |
Recoveries | 2,839 | 2,514 | 4,972 | 4,659 | |
Net Write Down | 0 | 0 | |||
Ending balance | 99,651 | 62,312 | 99,651 | 62,312 | 80,444 |
Commercial | Commercial and industrial | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (552) | ||||
Leasing | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 20,990 | 18,398 | 20,618 | 17,578 | 17,578 |
Provision for credit losses (benefit) | (5,470) | 1,306 | (4,736) | 1,692 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (2,540) | (1,496) | (3,957) | (1,903) | |
Recoveries | 947 | 829 | 2,037 | 1,670 | |
Net Write Down | 0 | 0 | |||
Ending balance | 13,927 | 19,037 | 13,927 | 19,037 | 20,618 |
Leasing | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (35) | ||||
Consumer | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 315,344 | 299,006 | 324,808 | 301,142 | 301,142 |
Provision for credit losses (benefit) | 40,550 | 12,327 | 79,268 | 23,819 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (37,932) | (23,107) | (87,713) | (46,477) | |
Recoveries | 12,534 | 9,639 | 22,314 | 19,381 | |
Net Write Down | (601) | (601) | |||
Ending balance | 329,895 | 297,865 | 329,895 | 297,865 | 324,808 |
Allowance for credit losses - unfunded commitments: | |||||
Balance at beginning of period | 62 | 30 | 88 | 37 | 37 |
Provision for credit losses (benefit) | (12) | 30 | (38) | 23 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Net Write Down | 0 | 0 | |||
Balance at end of period | 50 | 60 | 50 | 60 | 88 |
Consumer | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (8,181) | ||||
Allowance for credit losses - unfunded commitments: | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Consumer | Credit card | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 67,953 | 43,782 | 58,670 | 43,499 | 43,499 |
Provision for credit losses (benefit) | 10,558 | 5,633 | 26,129 | 9,325 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (8,457) | (6,418) | (17,134) | (12,101) | |
Recoveries | 1,955 | 2,342 | 4,344 | 4,616 | |
Net Write Down | (601) | (601) | |||
Ending balance | 71,408 | 45,339 | 71,408 | 45,339 | 58,670 |
Consumer | Credit card | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Consumer | HELOC | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 1,953 | 3,711 | 2,542 | 3,806 | 3,806 |
Provision for credit losses (benefit) | 26 | (711) | (725) | (1,719) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (87) | (116) | (263) | (216) | |
Recoveries | 278 | 661 | 616 | 1,674 | |
Net Write Down | 0 | 0 | |||
Ending balance | 2,170 | 3,545 | 2,170 | 3,545 | 2,542 |
Consumer | HELOC | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Consumer | Personal loans | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 109,729 | 83,965 | 118,426 | 83,722 | 83,722 |
Provision for credit losses (benefit) | 22,448 | 17,688 | 37,743 | 23,917 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (20,888) | (9,487) | (38,638) | (17,563) | |
Recoveries | 4,539 | 2,153 | 6,457 | 4,243 | |
Net Write Down | 0 | 0 | |||
Ending balance | 115,828 | 94,319 | 115,828 | 94,319 | 118,426 |
Consumer | Personal loans | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (8,160) | ||||
Consumer | Auto Loan | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 130,829 | 152,330 | 129,735 | 154,498 | 154,498 |
Provision for credit losses (benefit) | 5,909 | (12,716) | 14,228 | (10,023) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (8,099) | (6,650) | (20,217) | (15,528) | |
Recoveries | 5,608 | 4,258 | 10,522 | 8,275 | |
Net Write Down | 0 | 0 | |||
Ending balance | 134,247 | 137,222 | 134,247 | 137,222 | 129,735 |
Consumer | Auto Loan | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (21) | ||||
Consumer | Other | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 4,880 | 15,218 | 15,435 | 15,617 | 15,617 |
Provision for credit losses (benefit) | 1,609 | 2,433 | 1,893 | 2,319 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (401) | (436) | (11,461) | (1,069) | |
Recoveries | 154 | 225 | 375 | 573 | |
Net Write Down | 0 | 0 | |||
Ending balance | 6,242 | 17,440 | 6,242 | 17,440 | 15,435 |
Consumer | Other | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Puerto Rico | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 587,007 | 576,611 | 615,545 | 594,162 | 594,162 |
Provision for credit losses (benefit) | 28,379 | 9,128 | 73,582 | (3,533) | |
Allowance for credit losses - PCD Loans | 10 | 170 | 78 | 782 | |
Charge-offs | (38,129) | (25,964) | (87,416) | (50,284) | |
Recoveries | 19,442 | 20,632 | 37,265 | 39,450 | |
Net Write Down | (601) | (601) | |||
Ending balance | 596,108 | 580,577 | 596,108 | 580,577 | 615,545 |
Allowance for credit losses - unfunded commitments: | |||||
Balance at beginning of period | 6,846 | 3,571 | 6,358 | 4,139 | 4,139 |
Provision for credit losses (benefit) | 1,552 | (5) | 2,040 | (573) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Net Write Down | 0 | 0 | |||
Balance at end of period | 8,398 | 3,566 | 8,398 | 3,566 | 6,358 |
Puerto Rico | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (42,345) | ||||
Allowance for credit losses - unfunded commitments: | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Puerto Rico | Construction | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 3,072 | 2,414 | 2,978 | 1,641 | 1,641 |
Provision for credit losses (benefit) | 6,482 | 265 | 6,576 | 622 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 395 | 0 | 811 | |
Net Write Down | 0 | 0 | |||
Ending balance | 9,554 | 3,074 | 9,554 | 3,074 | 2,978 |
Allowance for credit losses - unfunded commitments: | |||||
Balance at beginning of period | 1,946 | 1,924 | 2,022 | 2,388 | 2,388 |
Provision for credit losses (benefit) | 1,164 | (390) | 1,088 | (854) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Net Write Down | 0 | 0 | |||
Balance at end of period | 3,110 | 1,534 | 3,110 | 1,534 | 2,022 |
Puerto Rico | Construction | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Allowance for credit losses - unfunded commitments: | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Puerto Rico | Mortgages | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 89,077 | 131,362 | 117,344 | 138,286 | 138,286 |
Provision for credit losses (benefit) | (9,572) | (5,953) | (8,305) | (16,481) | |
Allowance for credit losses - PCD Loans | 10 | 170 | 78 | 782 | |
Charge-offs | (297) | (1,367) | (1,143) | (2,688) | |
Recoveries | 3,681 | 5,818 | 8,481 | 10,131 | |
Net Write Down | 0 | 0 | |||
Ending balance | 82,899 | 130,030 | 82,899 | 130,030 | 117,344 |
Puerto Rico | Mortgages | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (33,556) | ||||
Puerto Rico | Commercial | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 181,701 | 145,471 | 174,295 | 151,928 | 151,928 |
Provision for credit losses (benefit) | (1,341) | 4,664 | 6,578 | (6,023) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (1,746) | (1,322) | (3,356) | (1,849) | |
Recoveries | 3,077 | 4,734 | 5,887 | 9,491 | |
Net Write Down | 0 | 0 | |||
Ending balance | 181,691 | 153,547 | 181,691 | 153,547 | 174,295 |
Allowance for credit losses - unfunded commitments: | |||||
Balance at beginning of period | 4,900 | 1,647 | 4,336 | 1,751 | 1,751 |
Provision for credit losses (benefit) | 388 | 385 | 952 | 281 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Net Write Down | 0 | 0 | |||
Balance at end of period | 5,288 | 2,032 | 5,288 | 2,032 | 4,336 |
Puerto Rico | Commercial | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (1,713) | ||||
Allowance for credit losses - unfunded commitments: | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Puerto Rico | Commercial | Commercial multi-family | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 4,756 | 3,435 | 5,210 | 3,050 | 3,050 |
Provision for credit losses (benefit) | 30 | 87 | (424) | 472 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 1 | 0 | 1 | 0 | |
Net Write Down | 0 | 0 | |||
Ending balance | 4,787 | 3,522 | 4,787 | 3,522 | 5,210 |
Puerto Rico | Commercial | Commercial multi-family | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Puerto Rico | Commercial | CRE non-owner occupied | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 53,894 | 51,639 | 52,475 | 45,211 | 45,211 |
Provision for credit losses (benefit) | (98) | (1,909) | 1,186 | 4,335 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (609) | (30) | (609) | (30) | |
Recoveries | 179 | 693 | 314 | 877 | |
Net Write Down | 0 | 0 | |||
Ending balance | 53,366 | 50,393 | 53,366 | 50,393 | 52,475 |
Puerto Rico | Commercial | CRE non-owner occupied | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Puerto Rico | Commercial | CRE owner occupied | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 46,009 | 47,027 | 48,393 | 54,176 | 54,176 |
Provision for credit losses (benefit) | (4,437) | 1,622 | (7,167) | (8,469) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (76) | (835) | (79) | (953) | |
Recoveries | 405 | 1,658 | 1,915 | 4,718 | |
Net Write Down | 0 | 0 | |||
Ending balance | 41,901 | 49,472 | 41,901 | 49,472 | 48,393 |
Puerto Rico | Commercial | CRE owner occupied | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (1,161) | ||||
Puerto Rico | Commercial | Commercial and industrial | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 77,042 | 43,370 | 68,217 | 49,491 | 49,491 |
Provision for credit losses (benefit) | 3,164 | 4,864 | 12,983 | (2,361) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (1,061) | (457) | (2,668) | (866) | |
Recoveries | 2,492 | 2,383 | 3,657 | 3,896 | |
Net Write Down | 0 | 0 | |||
Ending balance | 81,637 | 50,160 | 81,637 | 50,160 | 68,217 |
Puerto Rico | Commercial | Commercial and industrial | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (552) | ||||
Puerto Rico | Leasing | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 20,990 | 18,398 | 20,618 | 17,578 | 17,578 |
Provision for credit losses (benefit) | (5,470) | 1,306 | (4,736) | 1,692 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (2,540) | (1,496) | (3,957) | (1,903) | |
Recoveries | 947 | 829 | 2,037 | 1,670 | |
Net Write Down | 0 | 0 | |||
Ending balance | 13,927 | 19,037 | 13,927 | 19,037 | 20,618 |
Puerto Rico | Leasing | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (35) | ||||
Puerto Rico | Consumer | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 292,167 | 278,966 | 300,310 | 284,729 | 284,729 |
Provision for credit losses (benefit) | 38,280 | 8,846 | 73,469 | 16,657 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (33,546) | (21,779) | (78,960) | (43,844) | |
Recoveries | 11,737 | 8,856 | 20,860 | 17,347 | |
Net Write Down | (601) | (601) | |||
Ending balance | 308,037 | 274,889 | 308,037 | 274,889 | 300,310 |
Allowance for credit losses - unfunded commitments: | |||||
Balance at beginning of period | 0 | ||||
Provision for credit losses (benefit) | 0 | ||||
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | 0 | ||||
Recoveries | 0 | ||||
Net Write Down | 0 | ||||
Balance at end of period | 0 | 0 | |||
Puerto Rico | Consumer | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (7,041) | ||||
Puerto Rico | Consumer | Credit card | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 67,953 | 43,782 | 58,670 | 43,499 | 43,499 |
Provision for credit losses (benefit) | 10,558 | 5,634 | 26,128 | 9,335 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (8,457) | (6,418) | (17,133) | (12,101) | |
Recoveries | 1,955 | 2,341 | 4,344 | 4,606 | |
Net Write Down | (601) | (601) | |||
Ending balance | 71,408 | 45,339 | 71,408 | 45,339 | 58,670 |
Puerto Rico | Consumer | Credit card | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Puerto Rico | Consumer | HELOC | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 100 | 86 | 103 | 98 | 98 |
Provision for credit losses (benefit) | (29) | (69) | (68) | (85) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (35) | (74) | (68) | (164) | |
Recoveries | 60 | 147 | 129 | 241 | |
Net Write Down | 0 | 0 | |||
Ending balance | 96 | 90 | 96 | 90 | 103 |
Puerto Rico | Consumer | HELOC | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Puerto Rico | Consumer | Personal loans | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 88,408 | 67,554 | 96,369 | 71,022 | 71,022 |
Provision for credit losses (benefit) | 20,279 | 13,601 | 31,383 | 15,214 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (16,601) | (8,248) | (30,181) | (15,106) | |
Recoveries | 3,960 | 1,892 | 5,495 | 3,669 | |
Net Write Down | 0 | 0 | |||
Ending balance | 96,046 | 74,799 | 96,046 | 74,799 | 96,369 |
Puerto Rico | Consumer | Personal loans | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (7,020) | ||||
Puerto Rico | Consumer | Auto Loan | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 130,829 | 152,330 | 129,735 | 154,498 | 154,498 |
Provision for credit losses (benefit) | 5,909 | (12,716) | 14,228 | (10,023) | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (8,099) | (6,650) | (20,217) | (15,528) | |
Recoveries | 5,608 | 4,258 | 10,522 | 8,275 | |
Net Write Down | 0 | 0 | |||
Ending balance | 134,247 | 137,222 | 134,247 | 137,222 | 129,735 |
Puerto Rico | Consumer | Auto Loan | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (21) | ||||
Puerto Rico | Consumer | Other | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 4,877 | 15,214 | 15,433 | 15,612 | 15,612 |
Provision for credit losses (benefit) | 1,563 | 2,396 | 1,798 | 2,216 | |
Allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0 | |
Charge-offs | (354) | (389) | (11,361) | (945) | |
Recoveries | 154 | 218 | 370 | 556 | |
Net Write Down | 0 | 0 | |||
Ending balance | 6,240 | 17,439 | 6,240 | 17,439 | 15,433 |
Puerto Rico | Consumer | Other | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Popular U.S. | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 102,113 | 101,181 | 104,757 | 101,204 | 101,204 |
Provision for credit losses (benefit) | 7,282 | 733 | 9,225 | (1,011) | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | (6,644) | (1,793) | (11,510) | (3,225) | |
Recoveries | 1,341 | 1,052 | 4,858 | 4,205 | |
Ending balance | 104,092 | 101,173 | 104,092 | 101,173 | 104,757 |
Allowance for credit losses - unfunded commitments: | |||||
Balance at beginning of period | 2,569 | 3,483 | 2,447 | 3,758 | 3,758 |
Provision for credit losses (benefit) | 626 | (145) | 748 | (420) | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Balance at end of period | 3,195 | 3,338 | 3,195 | 3,338 | 2,447 |
Popular U.S. | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (3,238) | ||||
Allowance for credit losses - unfunded commitments: | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Popular U.S. | Construction | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 1,258 | 4,125 | 1,268 | 4,722 | 4,722 |
Provision for credit losses (benefit) | 520 | (290) | 510 | (2,015) | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 4 | 0 | 1,132 | |
Ending balance | 1,778 | 3,839 | 1,778 | 3,839 | 1,268 |
Allowance for credit losses - unfunded commitments: | |||||
Balance at beginning of period | 1,278 | 2,135 | 1,184 | 2,337 | 2,337 |
Provision for credit losses (benefit) | 519 | (174) | 613 | (376) | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Balance at end of period | 1,797 | 1,961 | 1,797 | 1,961 | 1,184 |
Popular U.S. | Construction | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Allowance for credit losses - unfunded commitments: | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Popular U.S. | Mortgages | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 15,400 | 17,844 | 17,910 | 16,192 | 16,192 |
Provision for credit losses (benefit) | (2,315) | 494 | (2,741) | 2,126 | |
Charge-offs | 0 | (68) | 0 | (68) | |
Recoveries | 109 | 5 | 123 | 25 | |
Ending balance | 13,194 | 18,275 | 13,194 | 18,275 | 17,910 |
Popular U.S. | Mortgages | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (2,098) | ||||
Popular U.S. | Commercial | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 62,278 | 59,172 | 61,081 | 63,877 | 63,877 |
Provision for credit losses (benefit) | 6,807 | (2,952) | 5,657 | (8,284) | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | (2,258) | (397) | (2,757) | (524) | |
Recoveries | 435 | 260 | 3,281 | 1,014 | |
Ending balance | 67,262 | 56,083 | 67,262 | 56,083 | 61,081 |
Allowance for credit losses - unfunded commitments: | |||||
Balance at beginning of period | 1,229 | 1,318 | 1,175 | 1,384 | 1,384 |
Provision for credit losses (benefit) | 119 | (1) | 173 | (67) | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Balance at end of period | 1,348 | 1,317 | 1,348 | 1,317 | 1,175 |
Popular U.S. | Commercial | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Allowance for credit losses - unfunded commitments: | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Popular U.S. | Commercial | Commercial multi-family | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 20,610 | 22,655 | 21,101 | 25,418 | 25,418 |
Provision for credit losses (benefit) | 781 | (2,089) | 288 | (4,859) | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 1 | 5 | 3 | 12 | |
Ending balance | 21,392 | 20,571 | 21,392 | 20,571 | 21,101 |
Popular U.S. | Commercial | Commercial multi-family | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Popular U.S. | Commercial | CRE non-owner occupied | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 17,956 | 15,398 | 19,065 | 22,246 | 22,246 |
Provision for credit losses (benefit) | 328 | (1,128) | (2,633) | (7,979) | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 66 | 14 | 1,918 | 17 | |
Ending balance | 18,350 | 14,284 | 18,350 | 14,284 | 19,065 |
Popular U.S. | Commercial | CRE non-owner occupied | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Popular U.S. | Commercial | CRE owner occupied | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 8,488 | 10,001 | 8,688 | 6,053 | 6,053 |
Provision for credit losses (benefit) | 1,174 | (1,035) | 950 | 2,801 | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | (177) | 0 | (177) | 0 | |
Recoveries | 21 | 110 | 45 | 222 | |
Ending balance | 9,506 | 9,076 | 9,506 | 9,076 | 8,688 |
Popular U.S. | Commercial | CRE owner occupied | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Popular U.S. | Commercial | Commercial and industrial | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 15,224 | 11,118 | 12,227 | 10,160 | 10,160 |
Provision for credit losses (benefit) | 4,524 | 1,300 | 7,052 | 1,753 | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | (2,081) | (397) | (2,580) | (524) | |
Recoveries | 347 | 131 | 1,315 | 763 | |
Ending balance | 18,014 | 12,152 | 18,014 | 12,152 | 12,227 |
Popular U.S. | Commercial | Commercial and industrial | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Popular U.S. | Consumer | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 23,177 | 20,040 | 24,498 | 16,413 | 16,413 |
Provision for credit losses (benefit) | 2,270 | 3,481 | 5,799 | 7,162 | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | (4,386) | (1,328) | (8,753) | (2,633) | |
Recoveries | 797 | 783 | 1,454 | 2,034 | |
Ending balance | 21,858 | 22,976 | 21,858 | 22,976 | 24,498 |
Allowance for credit losses - unfunded commitments: | |||||
Balance at beginning of period | 62 | 30 | 88 | 37 | 37 |
Provision for credit losses (benefit) | (12) | 30 | (38) | 23 | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | 0 | 0 | 0 | 0 | |
Recoveries | 0 | 0 | 0 | 0 | |
Balance at end of period | 50 | 60 | 50 | 60 | 88 |
Popular U.S. | Consumer | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (1,140) | ||||
Allowance for credit losses - unfunded commitments: | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Popular U.S. | Consumer | Credit card | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 0 | 0 | 0 | 0 | 0 |
Provision for credit losses (benefit) | 0 | (1) | 1 | (10) | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | 0 | 0 | (1) | 0 | |
Recoveries | 0 | 1 | 0 | 10 | |
Ending balance | 0 | 0 | 0 | 0 | 0 |
Popular U.S. | Consumer | Credit card | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Popular U.S. | Consumer | HELOC | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 1,853 | 3,625 | 2,439 | 3,708 | 3,708 |
Provision for credit losses (benefit) | 55 | (642) | (657) | (1,634) | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | (52) | (42) | (195) | (52) | |
Recoveries | 218 | 514 | 487 | 1,433 | |
Ending balance | 2,074 | 3,455 | 2,074 | 3,455 | 2,439 |
Popular U.S. | Consumer | HELOC | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | 0 | ||||
Popular U.S. | Consumer | Personal loans | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 21,321 | 16,411 | 22,057 | 12,700 | 12,700 |
Provision for credit losses (benefit) | 2,169 | 4,087 | 6,360 | 8,703 | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | (4,287) | (1,239) | (8,457) | (2,457) | |
Recoveries | 579 | 261 | 962 | 574 | |
Ending balance | 19,782 | 19,520 | 19,782 | 19,520 | 22,057 |
Popular U.S. | Consumer | Personal loans | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | (1,140) | ||||
Popular U.S. | Consumer | Other | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Beginning balance | 3 | 4 | 2 | 5 | 5 |
Provision for credit losses (benefit) | 46 | 37 | 95 | 103 | |
Allowance for credit losses - PCD Loans | 0 | ||||
Charge-offs | (47) | (47) | (100) | (124) | |
Recoveries | 0 | 7 | 5 | 17 | |
Ending balance | $ 2 | $ 1 | 2 | $ 1 | $ 2 |
Popular U.S. | Consumer | Other | ASU 2022-02 | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impact of adopting ASU 2022-02 | $ 0 |
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 | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 44,921 | $ 134,824 | ||
Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | 31,134 | 66,726 | ||
Commercial | CRE non-owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | 51 | 3,451 | ||
Commercial | CRE owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | 12,369 | 13,096 | ||
Consumer | Credit card | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | 172 | 445 | ||
Consumer | Personal loans | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | 1,030 | 1,758 | ||
Consumer | Auto Loan | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | 28 | |||
Leasing | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 12 | $ 12 | ||
Interest Rate Reduction | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 421 | $ 972 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Interest Rate Reduction | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 226 | |||
% of total class of Financing Receivables | 0% | |||
Interest Rate Reduction | Consumer | Credit card | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 222 | $ 427 | ||
% of total class of Financing Receivables | 0.02% | 0.04% | ||
Interest Rate Reduction | Consumer | Personal loans | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 199 | $ 316 | ||
% of total class of Financing Receivables | 0.01% | 0.02% | ||
Interest Rate Reduction | Consumer | Other | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 3 | |||
% of total class of Financing Receivables | 0% | |||
Term Extension | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 82,728 | $ 108,935 | ||
% of total class of Financing Receivables | 0.25% | 0.33% | ||
Term Extension | Construction | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 5,422 | $ 10,122 | ||
% of total class of Financing Receivables | 0.66% | 1.23% | ||
Term Extension | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 13,370 | $ 29,615 | ||
% of total class of Financing Receivables | 0.18% | 0.40% | ||
Term Extension | Commercial | CRE non-owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 24,978 | $ 24,978 | ||
% of total class of Financing Receivables | 0.53% | 0.53% | ||
Term Extension | Commercial | CRE owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 17,149 | $ 18,874 | ||
% of total class of Financing Receivables | 0.56% | 0.62% | ||
Term Extension | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 21,610 | $ 25,069 | ||
% of total class of Financing Receivables | 0.35% | 0.40% | ||
Term Extension | Consumer | Personal loans | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 161 | $ 239 | ||
% of total class of Financing Receivables | 0.01% | 0.01% | ||
Term Extension | Consumer | Auto Loan | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 38 | $ 38 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Combination - Term Extension and Interest Rate Reduction | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 12,000 | $ 23,307 | ||
% of total class of Financing Receivables | 0.04% | 0.07% | ||
Combination - Term Extension and Interest Rate Reduction | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 11,453 | $ 22,213 | ||
% of total class of Financing Receivables | 0.15% | 0.30% | ||
Combination - Term Extension and Interest Rate Reduction | Commercial | CRE owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 101 | |||
% of total class of Financing Receivables | 0.01% | |||
Combination - Term Extension and Interest Rate Reduction | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 58 | $ 58 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Combination - Term Extension and Interest Rate Reduction | Consumer | Personal loans | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 489 | $ 907 | ||
% of total class of Financing Receivables | 0.03% | 0.05% | ||
Combination - Term Extension and Interest Rate Reduction | Consumer | Auto Loan | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 28 | |||
% of total class of Financing Receivables | 0% | |||
Other-Than-Insignificant Payment Delays | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 885 | $ 31,559 | ||
% of total class of Financing Receivables | 0% | 0.10% | ||
Other-Than-Insignificant Payment Delays | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 137 | $ 137 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Other-Than-Insignificant Payment Delays | Commercial | CRE non-owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 1,743 | |||
% of total class of Financing Receivables | 0.04% | |||
Other-Than-Insignificant Payment Delays | Commercial | CRE owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 748 | $ 27,462 | ||
% of total class of Financing Receivables | 0.02% | 0.90% | ||
Other-Than-Insignificant Payment Delays | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 2,217 | |||
% of total class of Financing Receivables | 0.04% | |||
Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 268 | $ 523 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 78 | $ 78 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Consumer | Credit card | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 190 | $ 445 | ||
% of total class of Financing Receivables | 0.02% | 0.04% | ||
Puerto Rico | Interest Rate Reduction | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 418 | $ 969 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Puerto Rico | Interest Rate Reduction | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 226 | |||
% of total class of Financing Receivables | 0% | |||
Puerto Rico | Interest Rate Reduction | Consumer | Credit card | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 222 | $ 427 | ||
% of total class of Financing Receivables | 0.02% | 0.04% | ||
Puerto Rico | Interest Rate Reduction | Consumer | Personal loans | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 196 | $ 313 | ||
% of total class of Financing Receivables | 0.01% | 0.02% | ||
Puerto Rico | Interest Rate Reduction | Consumer | Other | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 3 | |||
% of total class of Financing Receivables | 0% | |||
Puerto Rico | Term Extension | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 64,224 | $ 83,840 | ||
% of total class of Financing Receivables | 0.28% | 0.36% | ||
Puerto Rico | Term Extension | Construction | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 5,422 | $ 5,422 | ||
% of total class of Financing Receivables | 3.12% | 3.12% | ||
Puerto Rico | Term Extension | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 10,694 | $ 25,100 | ||
% of total class of Financing Receivables | 0.17% | 0.41% | ||
Puerto Rico | Term Extension | Commercial | CRE non-owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 24,978 | $ 24,978 | ||
% of total class of Financing Receivables | 0.86% | 0.86% | ||
Puerto Rico | Term Extension | Commercial | CRE owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 1,434 | $ 3,159 | ||
% of total class of Financing Receivables | 0.10% | 0.22% | ||
Puerto Rico | Term Extension | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 21,610 | $ 25,069 | ||
% of total class of Financing Receivables | 0.54% | 0.62% | ||
Puerto Rico | Term Extension | Consumer | Personal loans | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 48 | $ 74 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Puerto Rico | Term Extension | Consumer | Auto Loan | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 38 | $ 38 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Puerto Rico | Combination - Term Extension and Interest Rate Reduction | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 11,919 | $ 22,899 | ||
% of total class of Financing Receivables | 0.05% | 0.10% | ||
Puerto Rico | Combination - Term Extension and Interest Rate Reduction | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 11,372 | $ 21,805 | ||
% of total class of Financing Receivables | 0.18% | 0.35% | ||
Puerto Rico | Combination - Term Extension and Interest Rate Reduction | Commercial | CRE owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 101 | |||
% of total class of Financing Receivables | 0.01% | |||
Puerto Rico | Combination - Term Extension and Interest Rate Reduction | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 58 | $ 58 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Puerto Rico | Combination - Term Extension and Interest Rate Reduction | Consumer | Personal loans | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 489 | $ 907 | ||
% of total class of Financing Receivables | 0.03% | 0.05% | ||
Puerto Rico | Combination - Term Extension and Interest Rate Reduction | Consumer | Auto Loan | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 28 | |||
% of total class of Financing Receivables | 0% | |||
Puerto Rico | Other-Than-Insignificant Payment Delays | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 885 | $ 17,087 | ||
% of total class of Financing Receivables | 0% | 0.07% | ||
Puerto Rico | Other-Than-Insignificant Payment Delays | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 137 | $ 137 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Puerto Rico | Other-Than-Insignificant Payment Delays | Commercial | CRE non-owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 1,743 | |||
% of total class of Financing Receivables | 0.06% | |||
Puerto Rico | Other-Than-Insignificant Payment Delays | Commercial | CRE owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 748 | $ 13,812 | ||
% of total class of Financing Receivables | 0.05% | 0.97% | ||
Puerto Rico | Other-Than-Insignificant Payment Delays | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 1,395 | |||
% of total class of Financing Receivables | 0.03% | |||
Puerto Rico | Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 268 | $ 523 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Puerto Rico | Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 78 | $ 78 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Puerto Rico | Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Consumer | Credit card | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 190 | $ 445 | ||
% of total class of Financing Receivables | 0.02% | 0.04% | ||
Popular U.S. | Interest Rate Reduction | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 3 | $ 3 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Popular U.S. | Interest Rate Reduction | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | |||
% of total class of Financing Receivables | 0% | |||
Popular U.S. | Interest Rate Reduction | Consumer | Credit card | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | $ 0 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Popular U.S. | Interest Rate Reduction | Consumer | Personal loans | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 3 | $ 3 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Popular U.S. | Interest Rate Reduction | Consumer | Other | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | |||
% of total class of Financing Receivables | 0% | |||
Popular U.S. | Term Extension | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 18,504 | $ 25,095 | ||
% of total class of Financing Receivables | 0.19% | 0.25% | ||
Popular U.S. | Term Extension | Construction | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | $ 4,700 | ||
% of total class of Financing Receivables | 0% | 0.73% | ||
Popular U.S. | Term Extension | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 2,676 | $ 4,515 | ||
% of total class of Financing Receivables | 0.21% | 0.35% | ||
Popular U.S. | Term Extension | Commercial | CRE non-owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | $ 0 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Popular U.S. | Term Extension | Commercial | CRE owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 15,715 | $ 15,715 | ||
% of total class of Financing Receivables | 0.97% | 0.97% | ||
Popular U.S. | Term Extension | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | $ 0 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Popular U.S. | Term Extension | Consumer | Personal loans | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 113 | $ 165 | ||
% of total class of Financing Receivables | 0.05% | 0.08% | ||
Popular U.S. | Term Extension | Consumer | Auto Loan | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | $ 0 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Popular U.S. | Combination - Term Extension and Interest Rate Reduction | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 81 | $ 408 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Popular U.S. | Combination - Term Extension and Interest Rate Reduction | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 81 | $ 408 | ||
% of total class of Financing Receivables | 0.01% | 0.03% | ||
Popular U.S. | Combination - Term Extension and Interest Rate Reduction | Commercial | CRE owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | |||
% of total class of Financing Receivables | 0% | |||
Popular U.S. | Combination - Term Extension and Interest Rate Reduction | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | $ 0 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Popular U.S. | Combination - Term Extension and Interest Rate Reduction | Consumer | Personal loans | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | $ 0 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Popular U.S. | Combination - Term Extension and Interest Rate Reduction | Consumer | Auto Loan | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | |||
% of total class of Financing Receivables | 0% | |||
Popular U.S. | Other-Than-Insignificant Payment Delays | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | $ 14,472 | ||
% of total class of Financing Receivables | 0% | 0.15% | ||
Popular U.S. | Other-Than-Insignificant Payment Delays | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | $ 0 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Popular U.S. | Other-Than-Insignificant Payment Delays | Commercial | CRE non-owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
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, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | $ 13,650 | ||
% of total class of Financing Receivables | 0% | 0.85% | ||
Popular U.S. | Other-Than-Insignificant Payment Delays | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 822 | |||
% of total class of Financing Receivables | 0.04% | |||
Popular U.S. | Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | $ 0 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Popular U.S. | Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | $ 0 | ||
% of total class of Financing Receivables | 0% | 0% | ||
Popular U.S. | Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Consumer | Credit card | ||||
Financing Receivable, Modifications [Line Items] | ||||
Amortized Cost Basis | $ 0 | $ 0 | ||
% of total class of Financing Receivables | 0% | 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 | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Financing Receivable, Modifications [Line Items] | ||||
Reduced the amortized cost basis | $ (808) | $ 2,382 | ||
Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Reduced the amortized cost basis | 1,091 | 2,111 | ||
Commercial | CRE non-owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Reduced the amortized cost basis | 5 | 5 | ||
Commercial | CRE owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Reduced the amortized cost basis | (2,073) | (2,073) | ||
Consumer | Credit card | ||||
Financing Receivable, Modifications [Line Items] | ||||
Reduced the amortized cost basis | 2 | 7 | ||
Consumer | Personal loans | ||||
Financing Receivable, Modifications [Line Items] | ||||
Reduced the amortized cost basis | 135 | 265 | ||
Consumer | Auto Loan | ||||
Financing Receivable, Modifications [Line Items] | ||||
Reduced the amortized cost basis | 5 | |||
Leasing | ||||
Financing Receivable, Modifications [Line Items] | ||||
Reduced the amortized cost basis | $ 2 | $ 2 | ||
Interest Rate Reduction | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average contractual interest rate before modification | 5.60% | 5.70% | ||
Weighted average contractual interest rate after modification | 4.10% | 4.20% | ||
Interest Rate Reduction | Commercial | CRE owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average contractual interest rate before modification | 6% | |||
Weighted average contractual interest rate after modification | 5.30% | |||
Interest Rate Reduction | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average contractual interest rate before modification | 21.70% | 21.70% | ||
Weighted average contractual interest rate after modification | 8% | 8% | ||
Interest Rate Reduction | Consumer | Credit card | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average contractual interest rate before modification | 17.60% | 17.60% | ||
Weighted average contractual interest rate after modification | 4.70% | 4.60% | ||
Interest Rate Reduction | Consumer | Personal loans | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average contractual interest rate before modification | 20.30% | 18.90% | ||
Weighted average contractual interest rate after modification | 10.70% | 10.30% | ||
Interest Rate Reduction | Consumer | Auto Loan | ||||
Financing Receivable, Modifications [Line Items] | ||||
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, Modifications [Line Items] | ||||
Weighted average contractual interest rate before modification | 18% | |||
Weighted average contractual interest rate after modification | 0% | |||
Term Extension | Construction | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average term increase | 6 months | 6 months | ||
Term Extension | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average term increase | 12 years | 11 years | ||
Term Extension | Commercial | CRE non-owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average term increase | 10 months | 10 months | ||
Term Extension | Commercial | CRE owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average term increase | 1 year | 1 year | ||
Term Extension | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average term increase | 1 year | 1 year | ||
Term Extension | Consumer | Personal loans | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average term increase | 6 years | 6 years | ||
Term Extension | Consumer | Auto Loan | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average term increase | 3 years | 3 years | ||
Other-Than-Insignificant Payment Delays | Mortgages | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average term increase | 40 months | 40 months | ||
Other-Than-Insignificant Payment Delays | Commercial | CRE non-owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average term increase | 12 months | |||
Other-Than-Insignificant Payment Delays | Commercial | CRE owner occupied | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average term increase | 24 months | 8 months | ||
Other-Than-Insignificant Payment Delays | Commercial | Commercial and industrial | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average term increase | 24 months | 9 months | ||
Other-Than-Insignificant Payment Delays | Consumer | Credit card | ||||
Financing Receivable, Modifications [Line Items] | ||||
Weighted average term increase | 24 months | 24 months |
Allowance for credit losses - P
Allowance for credit losses - Performance of loans modified (Details) $ in Thousands | Jun. 30, 2023 USD ($) |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | $ 165,314 |
Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 25,642 |
Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 3,224 |
Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 1,661 |
Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 20,757 |
Payment default | 1,324 |
Financing Receivable Modified Past 12 Months Without Payment Default | 19,433 |
Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 139,672 |
Construction | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 10,122 |
Construction | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Construction | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Construction | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Construction | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
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, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 10,122 |
Mortgages | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 52,191 |
Mortgages | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 21,322 |
Mortgages | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 3,158 |
Mortgages | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 1,611 |
Mortgages | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 16,553 |
Payment default | 1,151 |
Financing Receivable Modified Past 12 Months Without Payment Default | 15,402 |
Mortgages | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 30,869 |
Commercial | CRE non-owner occupied | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 26,721 |
Commercial | CRE non-owner occupied | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 428 |
Commercial | CRE non-owner occupied | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Commercial | CRE non-owner occupied | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Commercial | CRE non-owner occupied | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 428 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 428 |
Commercial | CRE non-owner occupied | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 26,293 |
Commercial | CRE owner occupied | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 46,455 |
Commercial | CRE owner occupied | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 2,338 |
Commercial | CRE owner occupied | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Commercial | CRE owner occupied | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Commercial | CRE owner occupied | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 2,338 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 2,338 |
Commercial | CRE owner occupied | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 44,117 |
Commercial | Commercial and Industrial | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 27,422 |
Commercial | Commercial and Industrial | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 872 |
Commercial | Commercial and Industrial | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Commercial | Commercial and Industrial | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Commercial | Commercial and Industrial | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 872 |
Payment default | 114 |
Financing Receivable Modified Past 12 Months Without Payment Default | 758 |
Commercial | Commercial and Industrial | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 26,550 |
Consumer | Credit card | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 872 |
Consumer | Credit card | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 177 |
Consumer | Credit card | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 36 |
Consumer | Credit card | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 50 |
Consumer | Credit card | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 91 |
Payment default | 51 |
Financing Receivable Modified Past 12 Months Without Payment Default | 40 |
Consumer | Credit card | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 695 |
Consumer | Personal loans | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 1,462 |
Consumer | Personal loans | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 493 |
Consumer | Personal loans | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 30 |
Consumer | Personal loans | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Consumer | Personal loans | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 463 |
Payment default | 8 |
Financing Receivable Modified Past 12 Months Without Payment Default | 455 |
Consumer | Personal loans | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 969 |
Consumer | Auto Loan | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 66 |
Consumer | Auto Loan | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 12 |
Consumer | Auto Loan | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Consumer | Auto Loan | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Consumer | Auto Loan | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 12 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 12 |
Consumer | Auto Loan | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 54 |
Consumer | Other | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 3 |
Consumer | Other | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Consumer | Other | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Consumer | Other | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Consumer | Other | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 0 |
Consumer | Other | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 3 |
Puerto Rico | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 125,336 |
Puerto Rico | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 25,170 |
Puerto Rico | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 3,224 |
Puerto Rico | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 1,661 |
Puerto Rico | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 20,285 |
Payment default | 1,220 |
Financing Receivable Modified Past 12 Months Without Payment Default | 19,065 |
Puerto Rico | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 100,166 |
Puerto Rico | Construction | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 5,422 |
Puerto Rico | Construction | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Construction | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Construction | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Construction | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
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 | Construction | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 5,422 |
Puerto Rico | Mortgages | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 47,268 |
Puerto Rico | Mortgages | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 20,982 |
Puerto Rico | Mortgages | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 3,158 |
Puerto Rico | Mortgages | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 1,611 |
Puerto Rico | Mortgages | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 16,213 |
Payment default | 1,047 |
Financing Receivable Modified Past 12 Months Without Payment Default | 15,166 |
Puerto Rico | Mortgages | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 26,286 |
Puerto Rico | Commercial | CRE non-owner occupied | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 26,721 |
Puerto Rico | Commercial | CRE non-owner occupied | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 428 |
Puerto Rico | Commercial | CRE non-owner occupied | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
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, Modifications [Line Items] | |
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, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 428 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 428 |
Puerto Rico | Commercial | CRE non-owner occupied | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 26,293 |
Puerto Rico | Commercial | CRE owner occupied | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 17,090 |
Puerto Rico | Commercial | CRE owner occupied | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 2,338 |
Puerto Rico | Commercial | CRE owner occupied | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Commercial | CRE owner occupied | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Commercial | CRE owner occupied | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 2,338 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 2,338 |
Puerto Rico | Commercial | CRE owner occupied | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 14,752 |
Puerto Rico | Commercial | Commercial and Industrial | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 26,600 |
Puerto Rico | Commercial | Commercial and Industrial | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 872 |
Puerto Rico | Commercial | Commercial and Industrial | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Commercial | Commercial and Industrial | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Commercial | Commercial and Industrial | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 872 |
Payment default | 114 |
Financing Receivable Modified Past 12 Months Without Payment Default | 758 |
Puerto Rico | Commercial | Commercial and Industrial | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 25,728 |
Puerto Rico | Consumer | Credit card | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 872 |
Puerto Rico | Consumer | Credit card | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 177 |
Puerto Rico | Consumer | Credit card | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 36 |
Puerto Rico | Consumer | Credit card | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 50 |
Puerto Rico | Consumer | Credit card | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 91 |
Payment default | 51 |
Financing Receivable Modified Past 12 Months Without Payment Default | 40 |
Puerto Rico | Consumer | Credit card | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 695 |
Puerto Rico | Consumer | Personal loans | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 1,294 |
Puerto Rico | Consumer | Personal loans | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 361 |
Puerto Rico | Consumer | Personal loans | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 30 |
Puerto Rico | Consumer | Personal loans | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Consumer | Personal loans | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 331 |
Payment default | 8 |
Financing Receivable Modified Past 12 Months Without Payment Default | 323 |
Puerto Rico | Consumer | Personal loans | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 933 |
Puerto Rico | Consumer | Auto Loan | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 66 |
Puerto Rico | Consumer | Auto Loan | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 12 |
Puerto Rico | Consumer | Auto Loan | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Consumer | Auto Loan | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Consumer | Auto Loan | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 12 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 12 |
Puerto Rico | Consumer | Auto Loan | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 54 |
Puerto Rico | Consumer | Other | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 3 |
Puerto Rico | Consumer | Other | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Consumer | Other | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Consumer | Other | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Puerto Rico | Consumer | Other | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
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 | Other | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 3 |
Popular U.S. | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 39,978 |
Popular U.S. | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 472 |
Popular U.S. | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 472 |
Payment default | 104 |
Financing Receivable Modified Past 12 Months Without Payment Default | 368 |
Popular U.S. | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 39,506 |
Popular U.S. | Construction | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 4,700 |
Popular U.S. | Construction | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Construction | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Construction | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Construction | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
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, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 4,700 |
Popular U.S. | Mortgages | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 4,923 |
Popular U.S. | Mortgages | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 340 |
Popular U.S. | Mortgages | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Mortgages | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Mortgages | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 340 |
Payment default | 104 |
Financing Receivable Modified Past 12 Months Without Payment Default | 236 |
Popular U.S. | Mortgages | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 4,583 |
Popular U.S. | Commercial | CRE owner occupied | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 29,365 |
Popular U.S. | Commercial | CRE owner occupied | Past due | |
Financing Receivable, Modifications [Line Items] | |
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, Modifications [Line Items] | |
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, Modifications [Line Items] | |
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, Modifications [Line Items] | |
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, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 29,365 |
Popular U.S. | Commercial | Commercial and Industrial | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 822 |
Popular U.S. | Commercial | Commercial and Industrial | Past due | |
Financing Receivable, Modifications [Line Items] | |
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, Modifications [Line Items] | |
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, Modifications [Line Items] | |
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, Modifications [Line Items] | |
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, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 822 |
Popular U.S. | Consumer | Personal loans | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 168 |
Popular U.S. | Consumer | Personal loans | Past due | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 132 |
Popular U.S. | Consumer | Personal loans | Past Due 30 To 59 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Consumer | Personal loans | Past Due 60 To 89 Days | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 0 |
Popular U.S. | Consumer | Personal loans | Past due 90 days or more | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | 132 |
Payment default | 0 |
Financing Receivable Modified Past 12 Months Without Payment Default | 132 |
Popular U.S. | Consumer | Personal loans | Current | |
Financing Receivable, Modifications [Line Items] | |
Loan performance in the last 12 months after modification | $ 36 |
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, Modifications [Line Items] | |
Financing Receivable Modifications Recorded Investment | $ 1,644,647 |
Accruing | |
Financing Receivable, Modifications [Line Items] | |
Financing Receivable Modifications Recorded Investment | 1,495,309 |
Mortgages | |
Financing Receivable, Modifications [Line Items] | |
Financing Receivable Modifications Recorded Investment | 1,256,766 |
Mortgages | Accruing | |
Financing Receivable, Modifications [Line Items] | |
Financing Receivable Modifications Recorded Investment | 1,169,976 |
Mortgages | Guaranteed by U.S. sponsored entities | Accruing | |
Financing Receivable, Modifications [Line Items] | |
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) - loans | 3 Months Ended | 6 Months Ended |
Jun. 30, 2022 | Jun. 30, 2022 | |
Financing Receivable, Modifications [Line Items] | ||
Loan count | 345 | 765 |
Reduction in interest rate | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 43 | 86 |
Term Extension | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 73 | 134 |
Combination of reduction in interest rate and extension of maturity date | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 220 | 508 |
Other | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 9 | 37 |
Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 251 | 575 |
Mortgages | Reduction in interest rate | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 3 | 4 |
Mortgages | Term Extension | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 31 | 65 |
Mortgages | Combination of reduction in interest rate and extension of maturity date | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 217 | 505 |
Mortgages | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 1 |
Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 2 | 3 |
Commercial | CRE non-owner occupied | Reduction in interest rate | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 0 |
Commercial | CRE non-owner occupied | Term Extension | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 1 | 1 |
Commercial | CRE non-owner occupied | Combination of reduction in interest rate and extension of maturity date | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 0 |
Commercial | CRE non-owner occupied | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 1 | 2 |
Commercial | CRE owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 6 | 8 |
Commercial | CRE owner occupied | Reduction in interest rate | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 1 |
Commercial | CRE owner occupied | Term Extension | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 5 | 6 |
Commercial | CRE owner occupied | Combination of reduction in interest rate and extension of maturity date | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 1 | 1 |
Commercial | CRE owner occupied | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 0 |
Commercial | Commercial and Industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 3 | 20 |
Commercial | Commercial and Industrial | Reduction in interest rate | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 2 | 3 |
Commercial | Commercial and Industrial | Term Extension | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 5 |
Commercial | Commercial and Industrial | Combination of reduction in interest rate and extension of maturity date | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 1 | 1 |
Commercial | Commercial and Industrial | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 11 |
Consumer | Credit card | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 16 | 46 |
Consumer | Credit card | Reduction in interest rate | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 9 | 24 |
Consumer | Credit card | Term Extension | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 0 |
Consumer | Credit card | Combination of reduction in interest rate and extension of maturity date | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 0 |
Consumer | Credit card | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 7 | 22 |
Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 66 | 111 |
Consumer | Personal loans | Reduction in interest rate | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 29 | 54 |
Consumer | Personal loans | Term Extension | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 36 | 56 |
Consumer | Personal loans | Combination of reduction in interest rate and extension of maturity date | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 0 |
Consumer | Personal loans | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 1 | 1 |
Consumer | Auto Loan | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 1 | |
Consumer | Auto Loan | Reduction in interest rate | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 0 |
Consumer | Auto Loan | Term Extension | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 1 |
Consumer | Auto Loan | Combination of reduction in interest rate and extension of maturity date | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 0 |
Consumer | Auto Loan | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 0 |
Leasing | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 1 | 1 |
Leasing | Reduction in interest rate | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 0 |
Leasing | Term Extension | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 0 |
Leasing | Combination of reduction in interest rate and extension of maturity date | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 1 | 1 |
Leasing | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | 0 | 0 |
Allowance for credit losses - Q
Allowance for credit losses - Quantitative information by loan class for loans modified as T D R (Details) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2022 USD ($) loans | Jun. 30, 2022 USD ($) loans | |
Financing Receivable, Modifications [Line Items] | ||
Loan count | loans | 345 | 765 |
Pre-Modification Recorded Investment | $ 43,620 | $ 132,976 |
Post Modification Recorded Investment | 44,921 | 134,824 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ (808) | $ 2,382 |
Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | loans | 251 | 575 |
Pre-Modification Recorded Investment | $ 29,907 | $ 64,783 |
Post Modification Recorded Investment | 31,134 | 66,726 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 1,091 | $ 2,111 |
Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | loans | 2 | 3 |
Pre-Modification Recorded Investment | $ 52 | $ 3,452 |
Post Modification Recorded Investment | 51 | 3,451 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 5 | $ 5 |
Commercial | CRE owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | loans | 6 | 8 |
Pre-Modification Recorded Investment | $ 12,377 | $ 13,106 |
Post Modification Recorded Investment | 12,369 | 13,096 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ (2,073) | $ (2,073) |
Commercial | Commercial and Industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | loans | 3 | 20 |
Pre-Modification Recorded Investment | $ 156 | $ 49,502 |
Post Modification Recorded Investment | 153 | 49,308 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 30 | $ 2,060 |
Consumer | Credit card | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | loans | 16 | 46 |
Pre-Modification Recorded Investment | $ 162 | $ 410 |
Post Modification Recorded Investment | 172 | 445 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 2 | $ 7 |
Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | loans | 66 | 111 |
Pre-Modification Recorded Investment | $ 952 | $ 1,681 |
Post Modification Recorded Investment | 1,030 | 1,758 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 135 | $ 265 |
Consumer | Auto Loan | ||
Financing Receivable, Modifications [Line Items] | ||
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 | |
Leasing | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | loans | 1 | 1 |
Pre-Modification Recorded Investment | $ 14 | $ 14 |
Post Modification Recorded Investment | 12 | 12 |
Increase (decrease) in the allowance for loan losses as a result of modification | $ 2 | $ 2 |
Allowance for credit losses -_6
Allowance for credit losses - T D R that subsequently defaulted (Details) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2022 USD ($) loans | Jun. 30, 2022 USD ($) loans | |
Financing Receivable, Modifications [Line Items] | ||
Loan count | loans | 50 | 79 |
Recorded investment as of first default date | $ | $ 6,624 | $ 8,728 |
Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | loans | 32 | 38 |
Recorded investment as of first default date | $ | $ 3,830 | $ 5,699 |
Commercial | Commercial and Industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | loans | 3 | 3 |
Recorded investment as of first default date | $ | $ 2,496 | $ 2,496 |
Consumer | Credit card | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | loans | 8 | 19 |
Recorded investment as of first default date | $ | $ 28 | $ 135 |
Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Loan count | loans | 7 | 19 |
Recorded investment as of first default date | $ | $ 270 | $ 398 |
Allowance for credit losses - C
Allowance for credit losses - Credit quality indicators (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | |
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | $ 2,911,335 | $ 7,470,324 |
2022 / 2021 | 7,129,812 | 5,736,879 |
2021 / 2020 | 5,272,071 | 3,444,280 |
2020 / 2019 | 3,233,202 | 2,356,222 |
2019 / 2018 | 2,078,245 | 1,633,775 |
Prior Years | 9,249,369 | 8,468,021 |
Revolving Loans Amortized Cost Basis | 3,116,572 | 2,923,375 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 40,316 | 44,893 |
Total | 33,030,922 | 32,077,769 |
Construction | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 102,782 | 212,762 |
2022 / 2021 | 308,070 | 195,653 |
2021 / 2020 | 193,400 | 118,597 |
2020 / 2019 | 52,414 | 102,359 |
2019 / 2018 | 65,259 | 35,713 |
Prior Years | 48,983 | 59,802 |
Revolving Loans Amortized Cost Basis | 48,995 | 33,098 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 819,903 | 757,984 |
Construction | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 35,446 |
2022 / 2021 | 27,279 | 15,201 |
2021 / 2020 | 14,187 | 98 |
2020 / 2019 | 0 | 6,979 |
2019 / 2018 | 6,839 | 18,310 |
Prior Years | 3,000 | 34,126 |
Revolving Loans Amortized Cost Basis | 18,267 | 141 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 69,572 | 110,301 |
Construction | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 3 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 34,080 | 0 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 34,080 | 3 |
Construction | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 9,284 | 0 |
2021 / 2020 | 4,463 | 11,052 |
2020 / 2019 | 8,027 | 0 |
2019 / 2018 | 0 | 6,540 |
Prior Years | 10,049 | 2,095 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 31,823 | 19,687 |
Construction | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 102,782 | 177,316 |
2022 / 2021 | 271,507 | 180,449 |
2021 / 2020 | 174,750 | 107,447 |
2020 / 2019 | 44,387 | 95,380 |
2019 / 2018 | 58,420 | 10,863 |
Prior Years | 1,854 | 23,581 |
Revolving Loans Amortized Cost Basis | 30,728 | 32,957 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 684,428 | 627,993 |
Mortgages | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 343,688 | 685,881 |
2022 / 2021 | 678,005 | 756,814 |
2021 / 2020 | 734,590 | 532,659 |
2020 / 2019 | 518,245 | 395,990 |
2019 / 2018 | 382,744 | 300,416 |
Prior Years | 4,791,806 | 4,725,711 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 7,449,078 | 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 | 1,143 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 1,143 | |
Mortgages | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 162 | 2,583 |
2021 / 2020 | 1,747 | 4,165 |
2020 / 2019 | 1,143 | 7,974 |
2019 / 2018 | 6,182 | 5,383 |
Prior Years | 87,097 | 103,757 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 96,331 | 123,862 |
Mortgages | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 343,688 | 685,881 |
2022 / 2021 | 677,843 | 754,231 |
2021 / 2020 | 732,843 | 528,494 |
2020 / 2019 | 517,102 | 388,016 |
2019 / 2018 | 376,562 | 295,033 |
Prior Years | 4,704,709 | 4,621,954 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 7,352,747 | 7,273,609 |
Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 102,081 | 641,171 |
2022 / 2021 | 661,361 | 423,164 |
2021 / 2020 | 395,597 | 267,140 |
2020 / 2019 | 260,775 | 339,832 |
2019 / 2018 | 317,800 | 194,860 |
Prior Years | 590,279 | 452,661 |
Revolving Loans Amortized Cost Basis | 3,606 | 2,885 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,331,499 | 2,321,713 |
Commercial | Commercial multi-family | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 6,839 | 750 |
2022 / 2021 | 745 | 917 |
2021 / 2020 | 0 | 6,218 |
2020 / 2019 | 3,695 | 104,087 |
2019 / 2018 | 69,670 | 9,633 |
Prior Years | 47,068 | 57,522 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 128,017 | 179,127 |
Commercial | Commercial multi-family | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 1,198 |
2020 / 2019 | 1,185 | 0 |
2019 / 2018 | 0 | 14,491 |
Prior Years | 24,903 | 11,064 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 26,088 | 26,753 |
Commercial | Commercial multi-family | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 9,305 |
2019 / 2018 | 14,820 | 7,373 |
Prior Years | 13,787 | 6,267 |
Revolving Loans Amortized Cost Basis | 100 | 100 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 28,707 | 23,045 |
Commercial | Commercial multi-family | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 95,242 | 640,421 |
2022 / 2021 | 660,616 | 422,247 |
2021 / 2020 | 395,597 | 259,724 |
2020 / 2019 | 255,895 | 226,440 |
2019 / 2018 | 233,310 | 163,363 |
Prior Years | 504,521 | 377,808 |
Revolving Loans Amortized Cost Basis | 3,506 | 2,785 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,148,687 | 2,092,788 |
Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 186,659 | 1,417,203 |
2022 / 2021 | 1,442,781 | 840,648 |
2021 / 2020 | 812,845 | 558,530 |
2020 / 2019 | 656,938 | 253,228 |
2019 / 2018 | 275,298 | 196,797 |
Prior Years | 1,346,669 | 1,208,015 |
Revolving Loans Amortized Cost Basis | 23,066 | 25,249 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 4,744,256 | 4,499,670 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 609 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 0 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 609 | |
Commercial | CRE non-owner occupied | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 1,335 | 173 |
2022 / 2021 | 5,809 | 38,395 |
2021 / 2020 | 18,073 | 27,667 |
2020 / 2019 | 14,322 | 18,297 |
2019 / 2018 | 26,057 | 34,708 |
Prior Years | 127,071 | 129,118 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 192,667 | 248,358 |
Commercial | CRE non-owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 4,361 |
2021 / 2020 | 25,284 | 19,970 |
2020 / 2019 | 19,630 | 8,870 |
2019 / 2018 | 67,681 | 0 |
Prior Years | 121,766 | 100,809 |
Revolving Loans Amortized Cost Basis | 5,000 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 239,361 | 134,010 |
Commercial | CRE non-owner occupied | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 8,933 |
2022 / 2021 | 8,668 | 2,864 |
2021 / 2020 | 0 | 5,358 |
2020 / 2019 | 4,893 | 22,224 |
2019 / 2018 | 20,584 | 26,919 |
Prior Years | 23,753 | 25,786 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 57,898 | 92,084 |
Commercial | CRE non-owner occupied | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 185,324 | 1,408,097 |
2022 / 2021 | 1,428,304 | 795,028 |
2021 / 2020 | 769,488 | 505,535 |
2020 / 2019 | 618,093 | 203,837 |
2019 / 2018 | 160,976 | 135,170 |
Prior Years | 1,074,079 | 952,302 |
Revolving Loans Amortized Cost Basis | 18,066 | 25,249 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 4,254,330 | 4,025,218 |
Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 201,821 | 609,570 |
2022 / 2021 | 593,446 | 693,164 |
2021 / 2020 | 688,072 | 406,337 |
2020 / 2019 | 327,699 | 133,797 |
2019 / 2018 | 124,632 | 238,349 |
Prior Years | 1,073,396 | 973,433 |
Revolving Loans Amortized Cost Basis | 32,332 | 23,899 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,041,398 | 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 | 1 | |
Prior Years Gross writeoff | 255 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 256 | |
Commercial | CRE owner occupied | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 1,012 | 2,296 |
2022 / 2021 | 11,183 | 5,271 |
2021 / 2020 | 4,421 | 10,644 |
2020 / 2019 | 9,893 | 5,354 |
2019 / 2018 | 3,819 | 37,744 |
Prior Years | 116,567 | 126,573 |
Revolving Loans Amortized Cost Basis | 700 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 147,595 | 187,882 |
Commercial | CRE owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 10 |
2022 / 2021 | 8 | 284 |
2021 / 2020 | 2,374 | 5,570 |
2020 / 2019 | 146,968 | 6,578 |
2019 / 2018 | 7,175 | 1,076 |
Prior Years | 60,341 | 62,361 |
Revolving Loans Amortized Cost Basis | 12,515 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 229,381 | 75,879 |
Commercial | CRE owner occupied | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 291 | 16,205 |
2022 / 2021 | 16,779 | 6,177 |
2021 / 2020 | 5,981 | 802 |
2020 / 2019 | 336 | 8,203 |
2019 / 2018 | 8,046 | 11,935 |
Prior Years | 122,258 | 117,791 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 153,691 | 161,113 |
Commercial | CRE owner occupied | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 261 | 505 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 261 | 505 |
Commercial | CRE owner occupied | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 200,518 | 591,059 |
2022 / 2021 | 565,476 | 681,432 |
2021 / 2020 | 675,296 | 389,321 |
2020 / 2019 | 170,502 | 113,662 |
2019 / 2018 | 105,592 | 187,594 |
Prior Years | 773,969 | 666,203 |
Revolving Loans Amortized Cost Basis | 19,117 | 23,899 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,510,470 | 2,653,170 |
Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 482,625 | 1,028,824 |
2022 / 2021 | 1,040,106 | 1,037,250 |
2021 / 2020 | 938,185 | 604,714 |
2020 / 2019 | 623,843 | 409,318 |
2019 / 2018 | 351,429 | 279,591 |
Prior Years | 975,451 | 808,935 |
Revolving Loans Amortized Cost Basis | 1,839,508 | 1,670,568 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 6,251,147 | 5,839,200 |
2023 / 2022 Gross writeoff | 630 | |
2022 / 2021 Gross writeoff | 405 | |
2021 / 2020 Gross writeoff | 2,126 | |
2020 / 2019 Gross writeoff | 47 | |
2019 / 2018 Gross writeoff | 301 | |
Prior Years Gross writeoff | 239 | |
Revolving Loans Amortized Cost Basis - Writeoff | 1,500 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 5,248 | |
Commercial | Commercial and Industrial | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 10,638 | 44,704 |
2022 / 2021 | 31,416 | 4,403 |
2021 / 2020 | 7,590 | 17,515 |
2020 / 2019 | 3,479 | 20,878 |
2019 / 2018 | 19,946 | 23,921 |
Prior Years | 83,086 | 52,134 |
Revolving Loans Amortized Cost Basis | 78,483 | 60,799 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 234,638 | 224,354 |
Commercial | Commercial and Industrial | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 11 | 3,799 |
2022 / 2021 | 2,581 | 3,609 |
2021 / 2020 | 4,767 | 6,084 |
2020 / 2019 | 21,346 | 1,383 |
2019 / 2018 | 1,173 | 6,827 |
Prior Years | 49,313 | 46,040 |
Revolving Loans Amortized Cost Basis | 5,140 | 6,286 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 84,331 | 74,028 |
Commercial | Commercial and Industrial | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 5,424 | 1,049 |
2022 / 2021 | 1,870 | 2,211 |
2021 / 2020 | 3,335 | 1,674 |
2020 / 2019 | 1,867 | 7,416 |
2019 / 2018 | 6,744 | 11,851 |
Prior Years | 39,674 | 42,465 |
Revolving Loans Amortized Cost Basis | 40,477 | 47,634 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 99,391 | 114,300 |
Commercial | Commercial and Industrial | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 29 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 10 | 75 |
Prior Years | 34 | 75 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 44 | 179 |
Commercial | Commercial and Industrial | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 292 |
2022 / 2021 | 0 | 525 |
2021 / 2020 | 0 | 1 |
2020 / 2019 | 79 | 75 |
2019 / 2018 | 0 | 192 |
Prior Years | 0 | 3 |
Revolving Loans Amortized Cost Basis | 277 | 144 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 356 | 1,232 |
Commercial | Commercial and Industrial | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 466,552 | 978,980 |
2022 / 2021 | 1,004,239 | 1,026,502 |
2021 / 2020 | 922,493 | 579,411 |
2020 / 2019 | 597,072 | 379,566 |
2019 / 2018 | 323,556 | 236,725 |
Prior Years | 803,344 | 668,218 |
Revolving Loans Amortized Cost Basis | 1,715,131 | 1,555,705 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 5,832,387 | 5,425,107 |
Leasing | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 355,425 | 673,247 |
2022 / 2021 | 562,523 | 430,380 |
2021 / 2020 | 371,360 | 238,880 |
2020 / 2019 | 200,719 | 147,424 |
2019 / 2018 | 116,418 | 80,578 |
Prior Years | 55,078 | 15,230 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,661,523 | 1,585,739 |
2023 / 2022 Gross writeoff | 156 | |
2022 / 2021 Gross writeoff | 1,536 | |
2021 / 2020 Gross writeoff | 1,448 | |
2020 / 2019 Gross writeoff | 301 | |
2019 / 2018 Gross writeoff | 155 | |
Prior Years Gross writeoff | 361 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 3,957 | |
Leasing | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 953 |
2022 / 2021 | 1,189 | 1,491 |
2021 / 2020 | 1,156 | 941 |
2020 / 2019 | 520 | 1,172 |
2019 / 2018 | 1,259 | 1,127 |
Prior Years | 588 | 215 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 4,712 | 5,899 |
Leasing | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 21 |
2019 / 2018 | 0 | 0 |
Prior Years | 32 | 21 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 32 | 42 |
Leasing | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 355,425 | 672,294 |
2022 / 2021 | 561,334 | 428,889 |
2021 / 2020 | 370,204 | 237,939 |
2020 / 2019 | 200,199 | 146,231 |
2019 / 2018 | 115,159 | 79,451 |
Prior Years | 54,458 | 14,994 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,656,779 | 1,579,798 |
Consumer | Credit card | ||
Financing Receivable, Recorded Investment [Line Items] | ||
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 | 1,057,389 | 1,041,870 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,057,389 | 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 | 17,134 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 17,134 | |
Consumer | Credit card | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
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 | 14,185 | 11,907 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 14,185 | 11,907 |
Consumer | Credit card | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | |
2022 / 2021 | 0 | |
2021 / 2020 | 0 | |
2020 / 2019 | 0 | |
2019 / 2018 | 0 | |
Prior Years | 0 | |
Revolving Loans Amortized Cost Basis | 3 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 3 | |
Consumer | Credit card | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
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 | 1,043,204 | 1,029,960 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,043,204 | 1,029,960 |
Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 10,296 | 11,319 |
Revolving Loans Amortized Cost Basis | 43,303 | 44,698 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 14,841 | 15,899 |
Total | 68,440 | 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 | 195 | |
Revolving Loans Amortized Cost Basis - Writeoff | 68 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 263 | |
Consumer | Home equity lines of credit | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 2,006 | 2,146 |
Revolving Loans Amortized Cost Basis | 19 | 20 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,087 | 1,402 |
Total | 3,112 | 3,568 |
Consumer | Home equity lines of credit | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 99 | 4 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,040 | 538 |
Total | 1,139 | 542 |
Consumer | Home equity lines of credit | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 8,191 | 9,169 |
Revolving Loans Amortized Cost Basis | 43,284 | 44,678 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 12,714 | 13,959 |
Total | 64,189 | 67,806 |
Consumer | Personal loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 504,534 | 1,008,668 |
2022 / 2021 | 776,547 | 369,584 |
2021 / 2020 | 278,869 | 111,642 |
2020 / 2019 | 82,840 | 133,043 |
2019 / 2018 | 93,803 | 49,180 |
Prior Years | 134,526 | 122,468 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 25,475 | 28,994 |
Total | 1,896,594 | 1,823,579 |
2023 / 2022 Gross writeoff | 149 | |
2022 / 2021 Gross writeoff | 18,154 | |
2021 / 2020 Gross writeoff | 11,660 | |
2020 / 2019 Gross writeoff | 2,885 | |
2019 / 2018 Gross writeoff | 3,330 | |
Prior Years Gross writeoff | 1,763 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 697 | |
Total - Writeoff | 38,638 | |
Consumer | Personal loans | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 523 | 1,951 |
2022 / 2021 | 5,069 | 2,455 |
2021 / 2020 | 2,365 | 913 |
2020 / 2019 | 716 | 2,012 |
2019 / 2018 | 1,350 | 573 |
Prior Years | 8,995 | 10,837 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,013 | 1,285 |
Total | 20,031 | 20,026 |
Consumer | Personal loans | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 128 | 0 |
2021 / 2020 | 59 | 53 |
2020 / 2019 | 0 | 20 |
2019 / 2018 | 13 | 31 |
Prior Years | 478 | 431 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 1 |
Total | 678 | 536 |
Consumer | Personal loans | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 504,011 | 1,006,717 |
2022 / 2021 | 771,350 | 367,129 |
2021 / 2020 | 276,445 | 110,676 |
2020 / 2019 | 82,124 | 131,011 |
2019 / 2018 | 92,440 | 48,576 |
Prior Years | 125,053 | 111,200 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 24,462 | 27,708 |
Total | 1,875,885 | 1,803,017 |
Consumer | Auto Loan | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 615,198 | 1,163,441 |
2022 / 2021 | 1,040,006 | 972,783 |
2021 / 2020 | 843,132 | 598,714 |
2020 / 2019 | 503,364 | 436,437 |
2019 / 2018 | 346,972 | 252,932 |
Prior Years | 216,861 | 88,223 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,565,533 | 3,512,530 |
2023 / 2022 Gross writeoff | 697 | |
2022 / 2021 Gross writeoff | 9,990 | |
2021 / 2020 Gross writeoff | 5,443 | |
2020 / 2019 Gross writeoff | 2,579 | |
2019 / 2018 Gross writeoff | 1,508 | |
Prior Years Gross writeoff | 0 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 20,217 | |
Consumer | Auto Loan | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 770 | 6,764 |
2022 / 2021 | 10,424 | 11,171 |
2021 / 2020 | 10,352 | 10,466 |
2020 / 2019 | 8,593 | 10,243 |
2019 / 2018 | 7,168 | 4,597 |
Prior Years | 4,380 | 2,382 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 41,687 | 45,623 |
Consumer | Auto Loan | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 8 | 23 |
2022 / 2021 | 65 | 41 |
2021 / 2020 | 10 | 48 |
2020 / 2019 | 61 | 25 |
2019 / 2018 | 0 | 7 |
Prior Years | 7 | 14 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 151 | 158 |
Consumer | Auto Loan | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 614,420 | 1,156,654 |
2022 / 2021 | 1,029,517 | 961,571 |
2021 / 2020 | 832,770 | 588,200 |
2020 / 2019 | 494,710 | 426,169 |
2019 / 2018 | 339,804 | 248,328 |
Prior Years | 212,474 | 85,827 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,523,695 | 3,466,749 |
Consumer | Other | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 16,522 | 29,557 |
2022 / 2021 | 26,967 | 17,439 |
2021 / 2020 | 16,021 | 7,067 |
2020 / 2019 | 6,365 | 4,794 |
2019 / 2018 | 3,890 | 5,359 |
Prior Years | 6,024 | 2,224 |
Revolving Loans Amortized Cost Basis | 68,373 | 81,108 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 144,162 | 147,548 |
2023 / 2022 Gross writeoff | 1 | |
2022 / 2021 Gross writeoff | 56 | |
2021 / 2020 Gross writeoff | 50 | |
2020 / 2019 Gross writeoff | 71 | |
2019 / 2018 Gross writeoff | 19 | |
Prior Years Gross writeoff | 11,164 | |
Revolving Loans Amortized Cost Basis - Writeoff | 100 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 11,461 | |
Consumer | Other | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 28 | 0 |
2021 / 2020 | 137 | 100 |
2020 / 2019 | 86 | 593 |
2019 / 2018 | 17 | 543 |
Prior Years | 1,232 | 242 |
Revolving Loans Amortized Cost Basis | 166 | 10,910 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,666 | 12,388 |
Consumer | Other | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
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 [Line Items] | ||
2023 / 2022 | 16,522 | 29,557 |
2022 / 2021 | 26,939 | 17,439 |
2021 / 2020 | 15,884 | 6,967 |
2020 / 2019 | 6,279 | 4,201 |
2019 / 2018 | 3,873 | 4,553 |
Prior Years | 4,529 | 1,942 |
Revolving Loans Amortized Cost Basis | 68,207 | 70,198 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 142,233 | 134,857 |
Puerto Rico | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 2,351,207 | 5,284,550 |
2022 / 2021 | 4,821,080 | 3,842,437 |
2021 / 2020 | 3,405,102 | 2,132,518 |
2020 / 2019 | 2,002,768 | 1,331,262 |
2019 / 2018 | 1,130,600 | 920,786 |
Prior Years | 6,782,287 | 6,511,660 |
Revolving Loans Amortized Cost Basis | 2,601,765 | 2,494,698 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 25,475 | 28,994 |
Total | 23,120,284 | 22,546,905 |
Puerto Rico | Construction | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 8,330 | 48,490 |
2022 / 2021 | 58,728 | 37,503 |
2021 / 2020 | 37,204 | 25,688 |
2020 / 2019 | 17,323 | 2,262 |
2019 / 2018 | 2,090 | 0 |
Prior Years | 1,065 | 0 |
Revolving Loans Amortized Cost Basis | 48,995 | 33,098 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 173,735 | 147,041 |
Puerto Rico | Construction | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 35,446 |
2022 / 2021 | 27,279 | 3,116 |
2021 / 2020 | 5,980 | 98 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 18,267 | 141 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 51,526 | 38,801 |
Puerto Rico | Construction | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 9,284 | 0 |
2021 / 2020 | 0 | 9,629 |
2020 / 2019 | 5,422 | 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 | 14,706 | 9,629 |
Puerto Rico | Construction | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 8,330 | 13,044 |
2022 / 2021 | 22,165 | 34,387 |
2021 / 2020 | 31,224 | 15,961 |
2020 / 2019 | 11,901 | 2,262 |
2019 / 2018 | 2,090 | 0 |
Prior Years | 1,065 | 0 |
Revolving Loans Amortized Cost Basis | 30,728 | 32,957 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 107,503 | 98,611 |
Puerto Rico | Mortgages | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 303,008 | 449,286 |
2022 / 2021 | 450,169 | 451,601 |
2021 / 2020 | 438,764 | 285,713 |
2020 / 2019 | 276,933 | 208,096 |
2019 / 2018 | 199,257 | 241,234 |
Prior Years | 4,500,157 | 4,474,349 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 6,168,288 | 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 | 1,143 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 1,143 | |
Puerto Rico | Mortgages | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 162 | 574 |
2021 / 2020 | 515 | 687 |
2020 / 2019 | 286 | 3,926 |
2019 / 2018 | 3,455 | 4,227 |
Prior Years | 77,336 | 93,959 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 81,754 | 103,373 |
Puerto Rico | Mortgages | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 303,008 | 449,286 |
2022 / 2021 | 450,007 | 451,027 |
2021 / 2020 | 438,249 | 285,026 |
2020 / 2019 | 276,647 | 204,170 |
2019 / 2018 | 195,802 | 237,007 |
Prior Years | 4,422,821 | 4,380,390 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 6,086,534 | 6,006,906 |
Puerto Rico | Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 38,119 | 137,411 |
2022 / 2021 | 140,323 | 22,850 |
2021 / 2020 | 22,693 | 20,821 |
2020 / 2019 | 20,657 | 34,653 |
2019 / 2018 | 34,145 | 24,640 |
Prior Years | 40,575 | 40,898 |
Revolving Loans Amortized Cost Basis | 365 | 100 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 296,877 | 281,373 |
Puerto Rico | Commercial | Commercial multi-family | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 6,839 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 18,508 |
2019 / 2018 | 18,329 | 0 |
Prior Years | 4,920 | 4,687 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 30,088 | 23,195 |
Puerto Rico | Commercial | Commercial multi-family | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 2,618 | 2,692 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,618 | 2,692 |
Puerto Rico | Commercial | Commercial multi-family | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 3,195 | 3,326 |
Revolving Loans Amortized Cost Basis | 100 | 100 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,295 | 3,426 |
Puerto Rico | Commercial | Commercial multi-family | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 31,280 | 137,411 |
2022 / 2021 | 140,323 | 22,850 |
2021 / 2020 | 22,693 | 20,821 |
2020 / 2019 | 20,657 | 16,145 |
2019 / 2018 | 15,816 | 24,640 |
Prior Years | 29,842 | 30,193 |
Revolving Loans Amortized Cost Basis | 265 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 260,876 | 252,060 |
Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 96,230 | 864,945 |
2022 / 2021 | 892,318 | 626,279 |
2021 / 2020 | 601,569 | 331,310 |
2020 / 2019 | 400,981 | 135,519 |
2019 / 2018 | 144,193 | 68,372 |
Prior Years | 755,004 | 714,766 |
Revolving Loans Amortized Cost Basis | 15,952 | 16,136 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,906,247 | 2,757,327 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 609 | |
2019 / 2018 Gross writeoff | 0 | |
Prior Years Gross writeoff | 0 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 609 | |
Puerto Rico | Commercial | CRE non-owner occupied | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 1,335 | 173 |
2022 / 2021 | 342 | 36,228 |
2021 / 2020 | 13,818 | 14,045 |
2020 / 2019 | 13,088 | 14,942 |
2019 / 2018 | 14,996 | 7,777 |
Prior Years | 63,639 | 99,269 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 107,218 | 172,434 |
Puerto Rico | Commercial | CRE non-owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 4,361 |
2021 / 2020 | 25,284 | 19,970 |
2020 / 2019 | 19,630 | 7,517 |
2019 / 2018 | 66,341 | 0 |
Prior Years | 52,629 | 25,540 |
Revolving Loans Amortized Cost Basis | 5,000 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 168,884 | 57,388 |
Puerto Rico | Commercial | CRE non-owner occupied | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 8,933 |
2022 / 2021 | 8,668 | 0 |
2021 / 2020 | 0 | 3,209 |
2020 / 2019 | 2,766 | 19,004 |
2019 / 2018 | 18,850 | 25,490 |
Prior Years | 20,489 | 21,064 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 50,773 | 77,700 |
Puerto Rico | Commercial | CRE non-owner occupied | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 94,895 | 855,839 |
2022 / 2021 | 883,308 | 585,690 |
2021 / 2020 | 562,467 | 294,086 |
2020 / 2019 | 365,497 | 94,056 |
2019 / 2018 | 44,006 | 35,105 |
Prior Years | 618,247 | 568,893 |
Revolving Loans Amortized Cost Basis | 10,952 | 16,136 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,579,372 | 2,449,805 |
Puerto Rico | Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 35,906 | 245,915 |
2022 / 2021 | 232,327 | 270,205 |
2021 / 2020 | 272,545 | 286,266 |
2020 / 2019 | 209,393 | 42,344 |
2019 / 2018 | 34,430 | 101,524 |
Prior Years | 619,676 | 625,060 |
Revolving Loans Amortized Cost Basis | 23,781 | 16,742 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,428,058 | 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 | 1 | |
Prior Years Gross writeoff | 78 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 79 | |
Puerto Rico | Commercial | CRE owner occupied | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 1,012 | 2,296 |
2022 / 2021 | 11,183 | 5,271 |
2021 / 2020 | 4,421 | 9,447 |
2020 / 2019 | 8,709 | 4,275 |
2019 / 2018 | 3,819 | 31,649 |
Prior Years | 60,864 | 71,568 |
Revolving Loans Amortized Cost Basis | 700 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 90,708 | 124,506 |
Puerto Rico | Commercial | CRE owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 10 |
2022 / 2021 | 8 | 284 |
2021 / 2020 | 2,374 | 1,684 |
2020 / 2019 | 143,133 | 6,578 |
2019 / 2018 | 1,022 | 1,076 |
Prior Years | 60,226 | 61,460 |
Revolving Loans Amortized Cost Basis | 12,515 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 219,278 | 71,092 |
Puerto Rico | Commercial | CRE owner occupied | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 291 | 16,205 |
2022 / 2021 | 16,779 | 6,177 |
2021 / 2020 | 5,981 | 802 |
2020 / 2019 | 336 | 800 |
2019 / 2018 | 722 | 770 |
Prior Years | 76,684 | 84,205 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 100,793 | 108,959 |
Puerto Rico | Commercial | CRE owner occupied | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 261 | 505 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 261 | 505 |
Puerto Rico | Commercial | CRE owner occupied | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 34,603 | 227,404 |
2022 / 2021 | 204,357 | 258,473 |
2021 / 2020 | 259,769 | 274,333 |
2020 / 2019 | 57,215 | 30,691 |
2019 / 2018 | 28,867 | 68,029 |
Prior Years | 421,641 | 407,322 |
Revolving Loans Amortized Cost Basis | 10,566 | 16,742 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,017,018 | 1,282,994 |
Puerto Rico | Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 409,276 | 829,364 |
2022 / 2021 | 771,260 | 690,587 |
2021 / 2020 | 557,156 | 233,905 |
2020 / 2019 | 288,959 | 200,371 |
2019 / 2018 | 163,094 | 99,058 |
Prior Years | 455,871 | 430,526 |
Revolving Loans Amortized Cost Basis | 1,393,207 | 1,312,697 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 4,038,823 | 3,796,508 |
2023 / 2022 Gross writeoff | 383 | |
2022 / 2021 Gross writeoff | 184 | |
2021 / 2020 Gross writeoff | 131 | |
2020 / 2019 Gross writeoff | 33 | |
2019 / 2018 Gross writeoff | 223 | |
Prior Years Gross writeoff | 239 | |
Revolving Loans Amortized Cost Basis - Writeoff | 1,475 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 2,668 | |
Puerto Rico | Commercial | Commercial and Industrial | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 5,610 | 32,376 |
2022 / 2021 | 20,130 | 2,185 |
2021 / 2020 | 5,289 | 15,493 |
2020 / 2019 | 2,142 | 18,829 |
2019 / 2018 | 18,099 | 15,483 |
Prior Years | 74,579 | 51,602 |
Revolving Loans Amortized Cost Basis | 74,645 | 56,508 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 200,494 | 192,476 |
Puerto Rico | Commercial | Commercial and Industrial | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 11 | 2,537 |
2022 / 2021 | 1,497 | 2,479 |
2021 / 2020 | 3,599 | 5,770 |
2020 / 2019 | 21,181 | 1,139 |
2019 / 2018 | 973 | 6,767 |
Prior Years | 49,242 | 46,040 |
Revolving Loans Amortized Cost Basis | 5,138 | 6,283 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 81,641 | 71,015 |
Puerto Rico | Commercial | Commercial and Industrial | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 5,424 | 789 |
2022 / 2021 | 1,580 | 1,276 |
2021 / 2020 | 3,250 | 1,600 |
2020 / 2019 | 1,807 | 3,138 |
2019 / 2018 | 2,739 | 11,536 |
Prior Years | 37,241 | 40,636 |
Revolving Loans Amortized Cost Basis | 38,818 | 46,226 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 90,859 | 105,201 |
Puerto Rico | Commercial | Commercial and Industrial | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 29 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 10 | 75 |
Prior Years | 34 | 75 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 44 | 179 |
Puerto Rico | Commercial | Commercial and Industrial | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
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 | 277 | 144 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 277 | 144 |
Puerto Rico | Commercial | Commercial and Industrial | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 398,231 | 793,662 |
2022 / 2021 | 748,053 | 684,647 |
2021 / 2020 | 545,018 | 211,013 |
2020 / 2019 | 263,829 | 177,265 |
2019 / 2018 | 141,273 | 65,197 |
Prior Years | 294,775 | 292,173 |
Revolving Loans Amortized Cost Basis | 1,274,329 | 1,203,536 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,665,508 | 3,427,493 |
Puerto Rico | Leasing | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 355,425 | 673,247 |
2022 / 2021 | 562,523 | 430,380 |
2021 / 2020 | 371,360 | 238,880 |
2020 / 2019 | 200,719 | 147,424 |
2019 / 2018 | 116,418 | 80,578 |
Prior Years | 55,078 | 15,230 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,661,523 | 1,585,739 |
2023 / 2022 Gross writeoff | 156 | |
2022 / 2021 Gross writeoff | 1,536 | |
2021 / 2020 Gross writeoff | 1,448 | |
2020 / 2019 Gross writeoff | 301 | |
2019 / 2018 Gross writeoff | 155 | |
Prior Years Gross writeoff | 361 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 3,957 | |
Puerto Rico | Leasing | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 953 |
2022 / 2021 | 1,189 | 1,491 |
2021 / 2020 | 1,156 | 941 |
2020 / 2019 | 520 | 1,172 |
2019 / 2018 | 1,259 | 1,127 |
Prior Years | 588 | 215 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 4,712 | 5,899 |
Puerto Rico | Leasing | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 21 |
2019 / 2018 | 0 | 0 |
Prior Years | 32 | 21 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 32 | 42 |
Puerto Rico | Leasing | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 355,425 | 672,294 |
2022 / 2021 | 561,334 | 428,889 |
2021 / 2020 | 370,204 | 237,939 |
2020 / 2019 | 200,199 | 146,231 |
2019 / 2018 | 115,159 | 79,451 |
Prior Years | 54,458 | 14,994 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,656,779 | 1,579,798 |
Puerto Rico | Consumer | Credit card | ||
Financing Receivable, Recorded Investment [Line Items] | ||
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 | 1,057,372 | 1,041,831 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,057,372 | 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 | 17,133 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 17,133 | |
Puerto Rico | Consumer | Credit card | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
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 | 14,185 | 11,907 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 14,185 | 11,907 |
Puerto Rico | Consumer | Credit card | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | |
2022 / 2021 | 0 | |
2021 / 2020 | 0 | |
2020 / 2019 | 0 | |
2019 / 2018 | 0 | |
Prior Years | 0 | |
Revolving Loans Amortized Cost Basis | 3 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 3 | |
Puerto Rico | Consumer | Credit card | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
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 | 1,043,187 | 1,029,921 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,043,187 | 1,029,921 |
Puerto Rico | Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment [Line Items] | ||
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 | 2,570 | 2,954 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,570 | 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 | 0 | |
Revolving Loans Amortized Cost Basis - Writeoff | 68 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 68 | |
Puerto Rico | Consumer | Home equity lines of credit | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
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 | 2,570 | 2,954 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,570 | 2,954 |
Puerto Rico | Consumer | Personal loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 473,213 | 842,894 |
2022 / 2021 | 646,459 | 322,810 |
2021 / 2020 | 244,658 | 104,154 |
2020 / 2019 | 78,074 | 119,362 |
2019 / 2018 | 86,111 | 47,089 |
Prior Years | 131,976 | 120,384 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 25,475 | 28,994 |
Total | 1,685,966 | 1,585,687 |
2023 / 2022 Gross writeoff | 149 | |
2022 / 2021 Gross writeoff | 12,908 | |
2021 / 2020 Gross writeoff | 9,517 | |
2020 / 2019 Gross writeoff | 2,500 | |
2019 / 2018 Gross writeoff | 2,768 | |
Prior Years Gross writeoff | 1,642 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 697 | |
Total - Writeoff | 30,181 | |
Puerto Rico | Consumer | Personal loans | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 383 | 1,330 |
2022 / 2021 | 3,742 | 2,001 |
2021 / 2020 | 2,072 | 764 |
2020 / 2019 | 646 | 1,774 |
2019 / 2018 | 1,165 | 503 |
Prior Years | 8,775 | 10,831 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,013 | 1,285 |
Total | 17,796 | 18,488 |
Puerto Rico | Consumer | Personal loans | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 104 | 0 |
2021 / 2020 | 59 | 53 |
2020 / 2019 | 0 | 20 |
2019 / 2018 | 13 | 31 |
Prior Years | 11 | 10 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 1 |
Total | 187 | 115 |
Puerto Rico | Consumer | Personal loans | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 472,830 | 841,564 |
2022 / 2021 | 642,613 | 320,809 |
2021 / 2020 | 242,527 | 103,337 |
2020 / 2019 | 77,428 | 117,568 |
2019 / 2018 | 84,933 | 46,555 |
Prior Years | 123,190 | 109,543 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 24,462 | 27,708 |
Total | 1,667,983 | 1,567,084 |
Puerto Rico | Consumer | Auto Loan | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 615,198 | 1,163,441 |
2022 / 2021 | 1,040,006 | 972,783 |
2021 / 2020 | 843,132 | 598,714 |
2020 / 2019 | 503,364 | 436,437 |
2019 / 2018 | 346,972 | 252,932 |
Prior Years | 216,861 | 88,223 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,565,533 | 3,512,530 |
2023 / 2022 Gross writeoff | 697 | |
2022 / 2021 Gross writeoff | 9,990 | |
2021 / 2020 Gross writeoff | 5,443 | |
2020 / 2019 Gross writeoff | 2,579 | |
2019 / 2018 Gross writeoff | 1,508 | |
Prior Years Gross writeoff | 0 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 20,217 | |
Puerto Rico | Consumer | Auto Loan | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 770 | 6,764 |
2022 / 2021 | 10,424 | 11,171 |
2021 / 2020 | 10,352 | 10,466 |
2020 / 2019 | 8,593 | 10,243 |
2019 / 2018 | 7,168 | 4,597 |
Prior Years | 4,380 | 2,382 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 41,687 | 45,623 |
Puerto Rico | Consumer | Auto Loan | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 8 | 23 |
2022 / 2021 | 65 | 41 |
2021 / 2020 | 10 | 48 |
2020 / 2019 | 61 | 25 |
2019 / 2018 | 0 | 7 |
Prior Years | 7 | 14 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 151 | 158 |
Puerto Rico | Consumer | Auto Loan | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 614,420 | 1,156,654 |
2022 / 2021 | 1,029,517 | 961,571 |
2021 / 2020 | 832,770 | 588,200 |
2020 / 2019 | 494,710 | 426,169 |
2019 / 2018 | 339,804 | 248,328 |
Prior Years | 212,474 | 85,827 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,523,695 | 3,466,749 |
Puerto Rico | Consumer | Other | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 16,502 | 29,557 |
2022 / 2021 | 26,967 | 17,439 |
2021 / 2020 | 16,021 | 7,067 |
2020 / 2019 | 6,365 | 4,794 |
2019 / 2018 | 3,890 | 5,359 |
Prior Years | 6,024 | 2,224 |
Revolving Loans Amortized Cost Basis | 59,523 | 71,140 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 135,292 | 137,580 |
2023 / 2022 Gross writeoff | 1 | |
2022 / 2021 Gross writeoff | 56 | |
2021 / 2020 Gross writeoff | 50 | |
2020 / 2019 Gross writeoff | 71 | |
2019 / 2018 Gross writeoff | 19 | |
Prior Years Gross writeoff | 11,164 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 11,361 | |
Puerto Rico | Consumer | Other | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 28 | 0 |
2021 / 2020 | 137 | 100 |
2020 / 2019 | 86 | 593 |
2019 / 2018 | 17 | 543 |
Prior Years | 1,232 | 242 |
Revolving Loans Amortized Cost Basis | 166 | 10,902 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,666 | 12,380 |
Puerto Rico | Consumer | Other | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
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 [Line Items] | ||
2023 / 2022 | 16,502 | 29,557 |
2022 / 2021 | 26,939 | 17,439 |
2021 / 2020 | 15,884 | 6,967 |
2020 / 2019 | 6,279 | 4,201 |
2019 / 2018 | 3,873 | 4,553 |
Prior Years | 4,529 | 1,942 |
Revolving Loans Amortized Cost Basis | 59,357 | 60,238 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 133,363 | 124,897 |
Popular U.S. | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 560,128 | 2,185,774 |
2022 / 2021 | 2,308,732 | 1,894,442 |
2021 / 2020 | 1,866,969 | 1,311,762 |
2020 / 2019 | 1,230,434 | 1,024,960 |
2019 / 2018 | 947,645 | 712,989 |
Prior Years | 2,467,082 | 1,956,361 |
Revolving Loans Amortized Cost Basis | 514,807 | 428,677 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 14,841 | 15,899 |
Total | 9,910,638 | 9,530,864 |
Popular U.S. | Construction | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 94,452 | 164,272 |
2022 / 2021 | 249,342 | 158,150 |
2021 / 2020 | 156,196 | 92,909 |
2020 / 2019 | 35,091 | 100,097 |
2019 / 2018 | 63,169 | 35,713 |
Prior Years | 47,918 | 59,802 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 646,168 | 610,943 |
Popular U.S. | Construction | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 12,085 |
2021 / 2020 | 8,207 | 0 |
2020 / 2019 | 0 | 6,979 |
2019 / 2018 | 6,839 | 18,310 |
Prior Years | 3,000 | 34,126 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 18,046 | 71,500 |
Popular U.S. | Construction | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 3 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 34,080 | 0 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 34,080 | 3 |
Popular U.S. | Construction | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 4,463 | 1,423 |
2020 / 2019 | 2,605 | 0 |
2019 / 2018 | 0 | 6,540 |
Prior Years | 10,049 | 2,095 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 17,117 | 10,058 |
Popular U.S. | Construction | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 94,452 | 164,272 |
2022 / 2021 | 249,342 | 146,062 |
2021 / 2020 | 143,526 | 91,486 |
2020 / 2019 | 32,486 | 93,118 |
2019 / 2018 | 56,330 | 10,863 |
Prior Years | 789 | 23,581 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 576,925 | 529,382 |
Popular U.S. | Mortgages | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 40,680 | 236,595 |
2022 / 2021 | 227,836 | 305,213 |
2021 / 2020 | 295,826 | 246,946 |
2020 / 2019 | 241,312 | 187,894 |
2019 / 2018 | 183,487 | 59,182 |
Prior Years | 291,649 | 251,362 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,280,790 | 1,287,192 |
Popular U.S. | Mortgages | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 2,009 |
2021 / 2020 | 1,232 | 3,478 |
2020 / 2019 | 857 | 4,048 |
2019 / 2018 | 2,727 | 1,156 |
Prior Years | 9,761 | 9,798 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 14,577 | 20,489 |
Popular U.S. | Mortgages | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 40,680 | 236,595 |
2022 / 2021 | 227,836 | 303,204 |
2021 / 2020 | 294,594 | 243,468 |
2020 / 2019 | 240,455 | 183,846 |
2019 / 2018 | 180,760 | 58,026 |
Prior Years | 281,888 | 241,564 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,266,213 | 1,266,703 |
Popular U.S. | Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 63,962 | 503,760 |
2022 / 2021 | 521,038 | 400,314 |
2021 / 2020 | 372,904 | 246,319 |
2020 / 2019 | 240,118 | 305,179 |
2019 / 2018 | 283,655 | 170,220 |
Prior Years | 549,704 | 411,763 |
Revolving Loans Amortized Cost Basis | 3,241 | 2,785 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,034,622 | 2,040,340 |
Popular U.S. | Commercial | Commercial multi-family | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 750 |
2022 / 2021 | 745 | 917 |
2021 / 2020 | 0 | 6,218 |
2020 / 2019 | 3,695 | 85,579 |
2019 / 2018 | 51,341 | 9,633 |
Prior Years | 42,148 | 52,835 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 97,929 | 155,932 |
Popular U.S. | Commercial | Commercial multi-family | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 1,198 |
2020 / 2019 | 1,185 | 0 |
2019 / 2018 | 0 | 14,491 |
Prior Years | 22,285 | 8,372 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 23,470 | 24,061 |
Popular U.S. | Commercial | Commercial multi-family | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 9,305 |
2019 / 2018 | 14,820 | 7,373 |
Prior Years | 10,592 | 2,941 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 25,412 | 19,619 |
Popular U.S. | Commercial | Commercial multi-family | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 63,962 | 503,010 |
2022 / 2021 | 520,293 | 399,397 |
2021 / 2020 | 372,904 | 238,903 |
2020 / 2019 | 235,238 | 210,295 |
2019 / 2018 | 217,494 | 138,723 |
Prior Years | 474,679 | 347,615 |
Revolving Loans Amortized Cost Basis | 3,241 | 2,785 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,887,811 | 1,840,728 |
Popular U.S. | Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 90,429 | 552,258 |
2022 / 2021 | 550,463 | 214,369 |
2021 / 2020 | 211,276 | 227,220 |
2020 / 2019 | 255,957 | 117,709 |
2019 / 2018 | 131,105 | 128,425 |
Prior Years | 591,665 | 493,249 |
Revolving Loans Amortized Cost Basis | 7,114 | 9,113 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,838,009 | 1,742,343 |
Popular U.S. | Commercial | CRE non-owner occupied | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 5,467 | 2,167 |
2021 / 2020 | 4,255 | 13,622 |
2020 / 2019 | 1,234 | 3,355 |
2019 / 2018 | 11,061 | 26,931 |
Prior Years | 63,432 | 29,849 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 85,449 | 75,924 |
Popular U.S. | Commercial | CRE non-owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 1,353 |
2019 / 2018 | 1,340 | 0 |
Prior Years | 69,137 | 75,269 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 70,477 | 76,622 |
Popular U.S. | Commercial | CRE non-owner occupied | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 2,864 |
2021 / 2020 | 0 | 2,149 |
2020 / 2019 | 2,127 | 3,220 |
2019 / 2018 | 1,734 | 1,429 |
Prior Years | 3,264 | 4,722 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 7,125 | 14,384 |
Popular U.S. | Commercial | CRE non-owner occupied | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 90,429 | 552,258 |
2022 / 2021 | 544,996 | 209,338 |
2021 / 2020 | 207,021 | 211,449 |
2020 / 2019 | 252,596 | 109,781 |
2019 / 2018 | 116,970 | 100,065 |
Prior Years | 455,832 | 383,409 |
Revolving Loans Amortized Cost Basis | 7,114 | 9,113 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,674,958 | 1,575,413 |
Popular U.S. | Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 165,915 | 363,655 |
2022 / 2021 | 361,119 | 422,959 |
2021 / 2020 | 415,527 | 120,071 |
2020 / 2019 | 118,306 | 91,453 |
2019 / 2018 | 90,202 | 136,825 |
Prior Years | 453,720 | 348,373 |
Revolving Loans Amortized Cost Basis | 8,551 | 7,157 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,613,340 | 1,490,493 |
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 | 177 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 177 | |
Popular U.S. | Commercial | CRE owner occupied | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 1,197 |
2020 / 2019 | 1,184 | 1,079 |
2019 / 2018 | 0 | 6,095 |
Prior Years | 55,703 | 55,005 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 56,887 | 63,376 |
Popular U.S. | Commercial | CRE owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 3,886 |
2020 / 2019 | 3,835 | 0 |
2019 / 2018 | 6,153 | 0 |
Prior Years | 115 | 901 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 10,103 | 4,787 |
Popular U.S. | Commercial | CRE owner occupied | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 7,403 |
2019 / 2018 | 7,324 | 11,165 |
Prior Years | 45,574 | 33,586 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 52,898 | 52,154 |
Popular U.S. | Commercial | CRE owner occupied | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 165,915 | 363,655 |
2022 / 2021 | 361,119 | 422,959 |
2021 / 2020 | 415,527 | 114,988 |
2020 / 2019 | 113,287 | 82,971 |
2019 / 2018 | 76,725 | 119,565 |
Prior Years | 352,328 | 258,881 |
Revolving Loans Amortized Cost Basis | 8,551 | 7,157 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,493,452 | 1,370,176 |
Popular U.S. | Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 73,349 | 199,460 |
2022 / 2021 | 268,846 | 346,663 |
2021 / 2020 | 381,029 | 370,809 |
2020 / 2019 | 334,884 | 208,947 |
2019 / 2018 | 188,335 | 180,533 |
Prior Years | 519,580 | 378,409 |
Revolving Loans Amortized Cost Basis | 446,301 | 357,871 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,212,324 | 2,042,692 |
2023 / 2022 Gross writeoff | 247 | |
2022 / 2021 Gross writeoff | 221 | |
2021 / 2020 Gross writeoff | 1,995 | |
2020 / 2019 Gross writeoff | 14 | |
2019 / 2018 Gross writeoff | 78 | |
Prior Years Gross writeoff | 0 | |
Revolving Loans Amortized Cost Basis - Writeoff | 25 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 2,580 | |
Popular U.S. | Commercial | Commercial and Industrial | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 5,028 | 12,328 |
2022 / 2021 | 11,286 | 2,218 |
2021 / 2020 | 2,301 | 2,022 |
2020 / 2019 | 1,337 | 2,049 |
2019 / 2018 | 1,847 | 8,438 |
Prior Years | 8,507 | 532 |
Revolving Loans Amortized Cost Basis | 3,838 | 4,291 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 34,144 | 31,878 |
Popular U.S. | Commercial | Commercial and Industrial | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 1,262 |
2022 / 2021 | 1,084 | 1,130 |
2021 / 2020 | 1,168 | 314 |
2020 / 2019 | 165 | 244 |
2019 / 2018 | 200 | 60 |
Prior Years | 71 | 0 |
Revolving Loans Amortized Cost Basis | 2 | 3 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,690 | 3,013 |
Popular U.S. | Commercial | Commercial and Industrial | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 260 |
2022 / 2021 | 290 | 935 |
2021 / 2020 | 85 | 74 |
2020 / 2019 | 60 | 4,278 |
2019 / 2018 | 4,005 | 315 |
Prior Years | 2,433 | 1,829 |
Revolving Loans Amortized Cost Basis | 1,659 | 1,408 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 8,532 | 9,099 |
Popular U.S. | Commercial | Commercial and Industrial | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 292 |
2022 / 2021 | 0 | 525 |
2021 / 2020 | 0 | 1 |
2020 / 2019 | 79 | 75 |
2019 / 2018 | 0 | 192 |
Prior Years | 0 | 3 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 79 | 1,088 |
Popular U.S. | Commercial | Commercial and Industrial | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 68,321 | 185,318 |
2022 / 2021 | 256,186 | 341,855 |
2021 / 2020 | 377,475 | 368,398 |
2020 / 2019 | 333,243 | 202,301 |
2019 / 2018 | 182,283 | 171,528 |
Prior Years | 508,569 | 376,045 |
Revolving Loans Amortized Cost Basis | 440,802 | 352,169 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,166,879 | 1,997,614 |
Popular U.S. | Consumer | Credit card | ||
Financing Receivable, Recorded Investment [Line Items] | ||
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 | 17 | 39 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 17 | 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 [Line Items] | ||
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 | 17 | 39 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 17 | 39 |
Popular U.S. | Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 10,296 | 11,319 |
Revolving Loans Amortized Cost Basis | 40,733 | 41,744 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 14,841 | 15,899 |
Total | 65,870 | 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 | 195 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 195 | |
Popular U.S. | Consumer | Home equity lines of credit | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 2,006 | 2,146 |
Revolving Loans Amortized Cost Basis | 19 | 20 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,087 | 1,402 |
Total | 3,112 | 3,568 |
Popular U.S. | Consumer | Home equity lines of credit | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 99 | 4 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,040 | 538 |
Total | 1,139 | 542 |
Popular U.S. | Consumer | Home equity lines of credit | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 8,191 | 9,169 |
Revolving Loans Amortized Cost Basis | 40,714 | 41,724 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 12,714 | 13,959 |
Total | 61,619 | 64,852 |
Popular U.S. | Consumer | Personal loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 31,321 | 165,774 |
2022 / 2021 | 130,088 | 46,774 |
2021 / 2020 | 34,211 | 7,488 |
2020 / 2019 | 4,766 | 13,681 |
2019 / 2018 | 7,692 | 2,091 |
Prior Years | 2,550 | 2,084 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 210,628 | 237,892 |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 5,246 | |
2021 / 2020 Gross writeoff | 2,143 | |
2020 / 2019 Gross writeoff | 385 | |
2019 / 2018 Gross writeoff | 562 | |
Prior Years Gross writeoff | 121 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 8,457 | |
Popular U.S. | Consumer | Personal loans | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 140 | 621 |
2022 / 2021 | 1,327 | 454 |
2021 / 2020 | 293 | 149 |
2020 / 2019 | 70 | 238 |
2019 / 2018 | 185 | 70 |
Prior Years | 220 | 6 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,235 | 1,538 |
Popular U.S. | Consumer | Personal loans | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | 0 |
2022 / 2021 | 24 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
2019 / 2018 | 0 | 0 |
Prior Years | 467 | 421 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 491 | 421 |
Popular U.S. | Consumer | Personal loans | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 31,181 | 165,153 |
2022 / 2021 | 128,737 | 46,320 |
2021 / 2020 | 33,918 | 7,339 |
2020 / 2019 | 4,696 | 13,443 |
2019 / 2018 | 7,507 | 2,021 |
Prior Years | 1,863 | 1,657 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 207,902 | 235,933 |
Popular U.S. | Consumer | Other | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 20 | 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 | 8,850 | 9,968 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 8,870 | 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 | 0 | |
Revolving Loans Amortized Cost Basis - Writeoff | 100 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 100 | |
Popular U.S. | Consumer | Other | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 0 | |
2022 / 2021 | 0 | |
2021 / 2020 | 0 | |
2020 / 2019 | 0 | |
2019 / 2018 | 0 | |
Prior Years | 0 | |
Revolving Loans Amortized Cost Basis | 8 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 8 | |
Popular U.S. | Consumer | Other | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2023 / 2022 | 20 | 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 | 8,850 | 9,960 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | $ 8,870 | $ 9,960 |
Allowance for credit losses -_7
Allowance for credit losses - Allowance for loan losses - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | |
Financing Receivable, Modifications [Line Items] | ||
Accumulated loans modified to borrowers under financial difficulties | $ 1,644,647 | |
Allowance for loan and lease losses reserve | $ 5,800 | |
Commercial | ||
Financing Receivable, Modifications [Line Items] | ||
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 | $ 5,000 | $ 12,000 |
Mortgage banking activities (De
Mortgage banking activities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Mortgage servicing rights fair value adjustments | $ (8,342) | $ 3,275 | ||
Total trading account (loss) profit | $ 35 | $ 51 | 413 | (672) |
Total mortgage banking activities | 2,316 | 13,575 | 9,716 | 26,440 |
Mortgage banking activities | ||||
Mortgage servicing fees | 8,369 | 9,186 | 17,058 | 18,509 |
Mortgage servicing rights fair value adjustments | (6,216) | 2,257 | (7,592) | 3,345 |
Total mortgage servicing fees, net of fair value adjustments | 2,153 | 11,443 | 9,466 | 21,854 |
Net (loss) gain on sale of loans, including valuation adjustments on loans held-for-sale | (61) | 36 | 202 | (1,498) |
Unrealized (losses) gains on outstanding derivative positions | 246 | (2) | 115 | 0 |
Realized gains (losses) on closed derivative positions | 111 | 2,430 | 167 | 6,565 |
Total trading account (loss) profit | 357 | 2,428 | 282 | 6,565 |
Losses on repurchased loans, including interest advances | (133) | (332) | (234) | (481) |
Total mortgage banking activities | $ 2,316 | $ 13,575 | $ 9,716 | $ 26,440 |
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 ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | $ 13,759,000 | $ 118,256,000 | $ 25,003,000 | $ 263,367,000 |
Level 1 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 | 0 | 0 |
Level 2 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 13,393,000 | 116,296,000 | 24,359,000 | 258,998,000 |
Level 3 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 366,000 | 1,960,000 | 644,000 | 4,369,000 |
Trading account debt securities | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 13,393,000 | 116,296,000 | 24,359,000 | 258,998,000 |
Trading account debt securities | Level 1 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 | 0 | 0 |
Trading account debt securities | Level 2 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 13,393,000 | 116,296,000 | 24,359,000 | 258,998,000 |
Trading account debt securities | Level 3 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 | 0 | 0 |
Trading account debt securities | GNMA | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 77,269,000 | 1,067,000 | 155,163,000 | |
Trading account debt securities | GNMA | Level 1 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 | 0 | |
Trading account debt securities | GNMA | Level 2 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 77,269,000 | 1,067,000 | 155,163,000 | |
Trading account debt securities | GNMA | Level 3 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 | 0 | |
Trading account debt securities | FNMA | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 13,393,000 | 37,640,000 | 23,292,000 | 95,330,000 |
Trading account debt securities | FNMA | Level 1 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 | 0 | 0 |
Trading account debt securities | FNMA | Level 2 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 13,393,000 | 37,640,000 | 23,292,000 | 95,330,000 |
Trading account debt securities | FNMA | Level 3 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 | 0 | 0 |
Trading account debt securities | FHLMC | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 1,387,000 | 0 | 8,505,000 |
Trading account debt securities | FHLMC | Level 1 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 | ||
Trading account debt securities | FHLMC | Level 2 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 1,387,000 | 8,505,000 | ||
Trading account debt securities | FHLMC | Level 3 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 | ||
Mortgage Servicing Rights | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 366,000 | 1,960,000 | 644,000 | 4,369,000 |
Mortgage Servicing Rights | Level 1 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 | 0 | 0 |
Mortgage Servicing Rights | Level 2 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 | 0 | 0 |
Mortgage Servicing Rights | Level 3 | ||||
Assets | ||||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | $ 366,000 | $ 1,960,000 | $ 644,000 | $ 4,369,000 |
Transfers of financial assets_4
Transfers of financial assets and servicing assets - Changes in MSRs measured using the fair value method (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Transfers and Servicing of Financial Assets | ||
Fair value at beginning of period | $ 128,350 | $ 121,570 |
Additions | 1,240 | 5,032 |
Changes due to payments of loans | (5,288) | (5,877) |
Reduction due to loan repurchases | (338) | (463) |
Changes in fair value due to changes in valuation model inputs or assumptions | (1,446) | 9,571 |
Other disposals | (1,269) | 44 |
Fair value at end of period | $ 121,249 | $ 129,877 |
Transfers of financial assets_5
Transfers of financial assets and servicing assets - Changes in MSRs measured using the fair value method - Parenthetical (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Servicing Assets at Fair Value [Line Items] | ||||
Servicing asset at fair value amount | $ 121,249 | $ 128,350 | $ 129,877 | $ 121,570 |
PB | ||||
Servicing Assets at Fair Value [Line Items] | ||||
Servicing asset at fair value amount | $ 1,900 | $ 2,000 |
Transfers of financial assets_6
Transfers of financial assets and servicing assets - Key economic assumptions used (Details) - Residential Mortgage | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
BPPR | ||||
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ||||
Prepayment speed | 7.40% | 4.70% | 7% | 5% |
Weighted average life | 9 years 8 months 12 days | 10 years 2 months 12 days | 9 years 1 month 6 days | 9 years 9 months 18 days |
Discount rate (annual rate) | 9.50% | 10.50% | 9.50% | 10.40% |
PB | ||||
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ||||
Prepayment speed | 7.10% | 7.80% | 7.20% | 8.90% |
Weighted average life | 8 years 1 month 6 days | 8 years | 8 years | 7 years 4 months 24 days |
Discount rate (annual rate) | 10.50% | 9.50% | 10.50% | 9.80% |
Transfers of financial assets_7
Transfers of financial assets and servicing assets - Fair value of purchased and originated MSRs, valuation assumptions and sensitivity (Details) - Residential Mortgage - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 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 | $ 39,504 | $ 41,548 |
Weighted average life (in years) | 6 years 10 months 24 days | 6 years 9 months 18 days |
Weighted average prepayment speed (annual rate) | 5.80% | 5.90% |
Impact on fair value of 10% adverse change | $ (698) | $ (730) |
Impact on fair value of 20% adverse change | $ (1,369) | $ (1,433) |
Weighted average discount rate (annual rate) | 11.30% | 11.20% |
Impact on fair value of 10% adverse change | $ (1,355) | $ (1,485) |
Impact on fair value of 20% adverse change | (2,625) | (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 | $ 81,745 | $ 86,802 |
Weighted average life (in years) | 6 years 10 months 24 days | 6 years 10 months 24 days |
Weighted average prepayment speed (annual rate) | 6.90% | 7% |
Impact on fair value of 10% adverse change | $ (1,518) | $ (1,602) |
Impact on fair value of 20% adverse change | $ (2,979) | $ (3,143) |
Weighted average discount rate (annual rate) | 10.90% | 11% |
Impact on fair value of 10% adverse change | $ (2,947) | $ (3,256) |
Impact on fair value of 20% adverse change | $ (5,711) | $ (6,304) |
Transfers of financial assets_8
Transfers of financial assets and servicing assets - Additional Information (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 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% | 0.31% | 0.31% | |
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Liabilities Incurred | $ 0 | $ 0 | $ 0 | $ 0 | |
Sensitivity Analysis Of Fair Value Of Interests Continued To Be Held By Transfer or Servicing Assets Or Liabilities Description Of Objectives Methodology And Limitations | The sensitivity analyses presented in the table above for servicing rights are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10 and 20 percent variation in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in the sensitivity tables included herein, the effect of a variation in a particular assumption on the fair value of the retained interest is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments and increased credit losses), which might magnify or counteract the sensitivities. | ||||
Mortgage loans related to buy-back option program | $ 33,354,999,000 | 33,354,999,000 | $ 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 | 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 | 600,000,000 | ||
GNMA | |||||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||||
Repurchased loans | 24,000,000 | 35,000,000 | |||
Residential Mortgage | |||||
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 | 1,600,000,000 | 1,600,000,000 | 1,600,000,000 | ||
Serviced mortgage loans | |||||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||||
Non-consolidated VIEs, unpaid principal balance of loans serviced | 27,000,000 | 33,000,000 | 27,000,000 | 33,000,000 | |
Mortgage securitizations, net gains | 500,000 | 400,000 | |||
Loans serviced | 10,400,000,000 | 10,400,000,000 | $ 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 | 600,000 | $ 2,000,000 | 1,400,000 | $ 5,000,000 | |
Serviced mortgage loans | Servicing contract termination | |||||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||||
Non-consolidated VIEs, unpaid principal balance of loans serviced | 260,000,000 | 260,000,000 | |||
mortgage servicing right fair value | $ 2,000,000 | $ 2,000,000 |
Other Real Estate Owned (Detail
Other Real Estate Owned (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Other Real Estate Owned Rollforward [Line Items] | ||||
Balance at beginning of the period | $ 91,721 | $ 90,567 | $ 89,126 | $ 85,077 |
Write-downs in value | (314) | (731) | (1,259) | (1,423) |
Additions | 21,399 | 21,495 | 41,097 | 43,422 |
Sales | (26,607) | (19,066) | (42,647) | (34,589) |
Other adjustments | 17 | (128) | (101) | (350) |
Ending balance | 86,216 | 92,137 | 86,216 | 92,137 |
Mortgages | ||||
Other Real Estate Owned Rollforward [Line Items] | ||||
Balance at beginning of the period | 79,333 | 75,099 | 76,626 | 70,060 |
Write-downs in value | (269) | (245) | (1,020) | (573) |
Additions | 21,155 | 20,663 | 39,830 | 39,903 |
Sales | (25,822) | (17,502) | (40,921) | (31,045) |
Other adjustments | 0 | (128) | (118) | (458) |
Ending balance | 74,397 | 77,887 | 74,397 | 77,887 |
Commercial / Construction | ||||
Other Real Estate Owned Rollforward [Line Items] | ||||
Balance at beginning of the period | 12,388 | 15,468 | 12,500 | 15,017 |
Write-downs in value | (45) | (486) | (239) | (850) |
Additions | 244 | 832 | 1,267 | 3,519 |
Sales | (785) | (1,564) | (1,726) | (3,544) |
Other adjustments | 17 | 0 | 17 | 108 |
Ending balance | $ 11,819 | $ 14,250 | $ 11,819 | $ 14,250 |
Other assets (Details)
Other assets (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Other Assets Disclosure [Abstract] | ||
Net deferred tax assets (net of valuation allowance) | $ 904,601 | $ 953,676 |
Investments in equity method investees | 227,358 | 210,001 |
Prepaid taxes | 55,000 | 39,405 |
Other prepaid expenses | 38,928 | 33,384 |
Capitalized software costs | 78,766 | 81,862 |
Derivative assets | 24,221 | 19,229 |
Trades receivables from brokers and counterparties | 6,412 | 35,099 |
Receivables from investment maturities | 0 | 125,000 |
Principal, interest and escrow servicing advances | 52,848 | 41,916 |
Guaranteed mortgage loan claims receivable | 58,784 | 59,659 |
Operating ROU assets | 120,117 | 125,573 |
Finance ROU assets | 18,989 | 18,884 |
Others | 117,638 | 104,125 |
Total other assets | $ 1,703,662 | $ 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 | Jun. 30, 2023 | Dec. 31, 2022 |
Other assets acquired [Line Items] | ||
Gross Carrying Amount | $ 78,766 | $ 81,862 |
Software Intangible assets | ||
Other assets acquired [Line Items] | ||
Gross Carrying Amount | 127,792 | 121,519 |
Accumulated Amortization | 49,026 | 39,657 |
Net Carrying Value | 78,766 | 81,862 |
Software Intangible assets | Software development costs | ||
Other assets acquired [Line Items] | ||
Gross Carrying Amount | 67,200 | 63,609 |
Accumulated Amortization | 21,826 | 16,803 |
Net Carrying Value | 45,374 | 46,806 |
Software Intangible assets | Software license costs | ||
Other assets acquired [Line Items] | ||
Gross Carrying Amount | 39,553 | 37,165 |
Accumulated Amortization | 17,607 | 14,164 |
Net Carrying Value | 21,946 | 23,001 |
Software Intangible assets | Cloud computing arrangements | ||
Other assets acquired [Line Items] | ||
Gross Carrying Amount | 21,039 | 20,745 |
Accumulated Amortization | 9,593 | 8,690 |
Net Carrying Value | $ 11,446 | $ 12,055 |
Other Assets (Sotware Amortizat
Other Assets (Sotware Amortization Expense) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Other assets acquired [Line Items] | ||||
Amortization of intangibles | $ 795 | $ 795 | $ 1,590 | $ 1,686 |
Software Intangible assets | ||||
Other assets acquired [Line Items] | ||||
Amortization of intangibles | 16,929 | 14,082 | 32,904 | 26,795 |
Software development and license cost | Software Intangible assets | ||||
Other assets acquired [Line Items] | ||||
Amortization of intangibles | 16,151 | 13,013 | 31,142 | 24,768 |
Cloud computing arrangements | Software Intangible assets | ||||
Other assets acquired [Line Items] | ||||
Amortization of intangibles | $ 778 | $ 1,069 | $ 1,762 | $ 2,027 |
Goodwill and other intangible_3
Goodwill and other intangible assets - Gross amount of goodwill and accumulated impairment losses (Details) - USD ($) $ in Thousands | Jun. 30, 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 | Jun. 30, 2023 | Dec. 31, 2022 |
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | $ 27,096 | $ 27,096 |
Accumulated Amortization | 16,502 | 14,912 |
Net Carrying Value | 10,594 | 12,184 |
Core deposits | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 12,810 | 12,810 |
Accumulated Amortization | 10,675 | 10,034 |
Net Carrying Value | 2,135 | 2,776 |
Other customer relationship | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 14,286 | 14,286 |
Accumulated Amortization | 5,827 | 4,878 |
Net Carrying Value | $ 8,459 | $ 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 | Jun. 30, 2023 USD ($) |
Goodwill and Intangible Assets Disclosure | |
Remaining 2023 | $ 1,589 |
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 | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Goodwill and Intangible Assets Disclosure [Line Items] | ||||
Amortization Of Intangible Assets | $ 795,000 | $ 795,000 | $ 1,590,000 | $ 1,686,000 |
Goodwill increase decrease | $ 0 | $ 0 | $ 0 | $ 0 |
Deposits - total deposits (Deta
Deposits - total deposits (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Deposits [Abstract] | ||
Savings accounts | $ 15,222,346 | $ 14,746,329 |
NOW, money market and other interest bearing demand deposits | 25,464,069 | 23,738,940 |
Total savings, NOW, money market and other interest bearing demand deposits | 40,686,415 | 38,485,269 |
Certificates of deposit: | ||
Under $250,000 | 4,990,563 | 4,235,651 |
$250,000 and over | 3,011,288 | 2,545,750 |
Total certificates of deposit | 8,001,851 | 6,781,401 |
Total interest bearing deposits | 48,688,266 | 45,266,670 |
Noninterest Bearing Deposit Liabilities | 15,316,552 | 15,960,557 |
Total deposits | $ 64,004,818 | $ 61,227,227 |
Deposits - Summary of certifica
Deposits - Summary of certificates of deposit by maturity (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Deposits [Abstract] | ||
2023 | $ 3,274,343 | |
2024 | 2,208,468 | |
2025 | 926,324 | |
2026 | 651,739 | |
2027 | 428,792 | |
2028 and thereafter | 512,185 | |
Total certificates of deposit | $ 8,001,851 | $ 6,781,401 |
Deposits - Additional Informati
Deposits - Additional Information (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Deposits [Abstract] | ||
Brokered deposits | $ 1,500,000 | $ 1,100,000 |
Overdrafts in demand deposit accounts reclassified to loans | 6,300 | 6,300 |
Deposit Liability [Line Items] | ||
Deposits | 64,004,818 | $ 61,227,227 |
Public sector | ||
Deposit Liability [Line Items] | ||
Deposits | $ 18,500,000 |
Borrowings - Repurchase agreeme
Borrowings - Repurchase agreements accounted for as secured borrowings (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | $ 123,205 | $ 148,609 |
Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 123,205 | 148,609 |
US Treasury Securities | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 48,187 | 48,670 |
US Treasury Securities | Within 30 days | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 13,000 | 410 |
US Treasury Securities | After 30 to 90 days | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 21,933 | 30,739 |
US Treasury Securities | After 90 days | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 13,254 | 17,521 |
Mortgage Backed Securities | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 74,753 | 99,775 |
Mortgage Backed Securities | Within 30 days | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 73,958 | 98,984 |
Mortgage Backed Securities | After 30 to 90 days | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 795 | 791 |
CMO | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 265 | 164 |
CMO | Within 30 days | Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | $ 265 | $ 164 |
Borrowings - Notes payable (Det
Borrowings - Notes payable (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Debt Instrument [Line Items] | ||
Notes payable | $ 1,304,049 | $ 886,710 |
Advances with FHLB with maturities ranging from 2023 Through 2029 | ||
Debt Instrument [Line Items] | ||
FHLB advances | 412,632 | 389,282 |
Unsecured senior debt | Fixed Rate with maturities from 2023 to 2028 paying interest semiannually | ||
Debt Instrument [Line Items] | ||
Long Term Debt | 693,085 | 299,109 |
Junior subordinated debt | Fixed Rate with maturities on 2034 | ||
Debt Instrument [Line Items] | ||
Long Term Debt | $ 198,332 | $ 198,319 |
Borrowings - Notes payable -Par
Borrowings - Notes payable -Parenthetical (Details) $ in Thousands | 3 Months Ended |
Jun. 30, 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 | 4.17% |
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 | $ 6,915 |
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 | $ 301 |
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 - Notes payable - su
Borrowings - Notes payable - subnote (Details) - USD ($) $ in Millions | 2 Months Ended | 7 Months Ended |
Mar. 13, 2023 | Aug. 14, 2023 | |
Fixed Rate With Maturities Due 2028 | ||
Debt Instrument | ||
Debt Instrument Issued Principal | $ 400 | |
Fixed interest rate percentage | 7.25% | |
Notes Payable Maturity Year | 2028 | |
Fixed Rate With Maturities Due 2023 | Subsequent event | ||
Debt Instrument | ||
Principal amount | $ 300 | |
Fixed interest rate percentage | 6.125% | |
Notes Payable Maturity Year | 2023 | |
Redemption price percent of principal amount redeemed | 100% |
Borrowings - Borrowings by cont
Borrowings - Borrowings by contractual maturities (Details) $ in Thousands | Jun. 30, 2023 USD ($) |
Debt Instrument [Line Items] | |
2023 | $ 440,604 |
2024 | 96,548 |
2025 | 139,920 |
2026 | 74,500 |
Later years | 675,682 |
Total borrowings | 1,427,254 |
Assets sold under agreements to repurchase | |
Debt Instrument [Line Items] | |
2023 | 118,600 |
2024 | 4,605 |
2025 | 0 |
2026 | 0 |
Later years | 0 |
Total borrowings | 123,205 |
Notes payable | |
Debt Instrument [Line Items] | |
2023 | 322,004 |
2024 | 91,943 |
2025 | 139,920 |
2026 | 74,500 |
Later years | 675,682 |
Total borrowings | $ 1,304,049 |
Borrowings - Additional Informa
Borrowings - Additional Information (Details) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 |
Debt Instrument [Line Items] | ||
FHLB advances maximum amount available | $ 4,100,000,000 | $ 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 | 123,205,000 | 148,609,000 |
Other short-term borrowings | 0 | 365,000,000 |
Advances with FRB | ||
Debt Instrument [Line Items] | ||
Line Of Credit Facility Current Borrowing Capacity | 3,100,000,000 | 1,400,000,000 |
Federal Home Loan Bank | ||
Debt Instrument [Line Items] | ||
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 | Jun. 30, 2023 | Dec. 31, 2022 |
Other Liabilities Disclosure [Abstract] | ||
Accrued expenses | $ 252,736 | $ 337,284 |
Accrued interest payable | 56,103 | 39,288 |
Accounts payable | 102,337 | 76,456 |
Dividends payable | 39,664 | 39,525 |
Trades payable | 1,022 | 9,461 |
Liability for GNMA loans sold with an option to repurchase | 7,108 | 14,271 |
Reserves for loan indemnifications | 6,808 | 7,520 |
Reserve for operational losses | 28,678 | 39,266 |
Operating lease liabilities | 131,437 | 137,290 |
Finance lease liabilities | 24,091 | 24,737 |
Pension benefit obligation | 6,797 | 8,290 |
Postretirement benefit obligation | 118,186 | 118,336 |
Other liabilities | 66,218 | 65,222 |
Total other liabilities | $ 841,185 | $ 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 | 6 Months Ended | ||||||||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |||||
Stockholders Equity Note [Line Items] | ||||||||||||
Stockholders' equity | $ 4,565,009 | $ 4,293,349 | $ 4,565,009 | $ 4,293,349 | $ 4,470,725 | $ 4,093,425 | $ 4,671,246 | $ 5,969,397 | ||||
Cash dividends | $ 39,663 | [1] | $ 42,121 | [1] | $ 79,249 | [2] | $ 84,195 | [2] | ||||
Dividends Declared per Common Share | $ 0.55 | $ 0.55 | $ 1.10 | $ 1.10 | ||||||||
Dividend payable, to be paid date | Jul. 03, 2023 | |||||||||||
Dividends payable, record date | Jun. 01, 2023 | |||||||||||
[1] Dividends declared per common share during the quarter 0.55 0.55 ). Dividends declared per common share during the six months 1.10 1.10 ). |
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 | Jun. 30, 2022 | Feb. 28, 2022 | |
Stockholders Equity Note [Line Items] | ||||
Stock repurchase program authorized amount | $ 400 | $ 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 [Line Items] | ||||
Accelerated share repurchase adjustments | $ 320 | $ 120 | ||
Capital surplus | ||||
Stockholders Equity Note [Line Items] | ||||
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 | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Foreign Currency Translation | |||||
Beginning Balance | $ (61,980) | $ (70,165) | $ (56,735) | $ (67,307) | |
Other comprehensive loss | 6,001 | 5,998 | 756 | 3,140 | |
Net change | 6,001 | 5,998 | 756 | 3,140 | |
Ending Balance | (55,979) | (64,167) | (55,979) | (64,167) | |
Adjustment of pension and postretirement benefit plans | |||||
Beginning Balance | (141,327) | (155,281) | (144,335) | (158,994) | |
Other comprehensive income (loss) before reclassification | 0 | 0 | 0 | 1,269 | |
Amounts reclassified from accumulated other comprehensive loss for amortization of net losses | 3,008 | 2,444 | 6,016 | 4,888 | |
Net change | 3,008 | 2,444 | 6,016 | 6,157 | |
Ending Balance | (138,319) | (152,837) | (138,319) | (152,837) | |
Unrealized net holding (losses) gains on debt securities | |||||
Beginning Balance | (2,098,518) | (1,171,950) | (2,323,903) | (96,120) | |
Other comprehensive (loss) income before reclassifications | (69,941) | (563,420) | 121,811 | (1,639,250) | |
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 | 34,322 | 0 | 67,955 | 0 | |
Net change | (35,619) | (563,420) | 189,766 | (1,639,250) | |
Ending Balance | (2,134,137) | (1,735,370) | (2,134,137) | (1,735,370) | |
Unrealized net losses on cash flow hedges | |||||
Beginning Balance | 0 | 158 | 45 | (2,648) | |
Other comprehensive (loss) income before reclassifications | 0 | (332) | (19) | 2,807 | |
Amounts reclassified from accumulated other comprehensive income (loss) | 0 | (468) | (26) | (801) | |
Net change | 0 | (800) | (45) | 2,006 | |
Ending Balance | 0 | (642) | 0 | (642) | |
Accumulated other comprehensive loss, net of tax | $ (2,328,435) | $ (1,953,016) | $ (2,328,435) | $ (1,953,016) | $ (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 loss - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Net of tax | $ (37,330) | $ (1,976) | $ (73,945) | $ (4,087) |
Pension and postretirement benefit plan | ||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Before Tax | (4,813) | (3,911) | (9,626) | (7,822) |
Income tax benefit | 1,805 | 1,467 | 3,610 | 2,934 |
Net of tax | (3,008) | (2,444) | (6,016) | (4,888) |
Pension and postretirement benefit plan | Other operating income (expenses) | ||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Before Tax | (4,813) | (3,911) | (9,626) | (7,822) |
Cash flow hedge | ||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Before Tax | 0 | 880 | 41 | 1,579 |
Income tax benefit | 0 | (412) | (15) | (778) |
Net of tax | 0 | 468 | 26 | 801 |
Cash flow hedge | Forward contracts | Mortgage banking activities | ||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Before Tax | 0 | 1,099 | 41 | 2,077 |
Cash flow hedge | Interest rate swap | Other operating income (expenses) | ||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Before Tax | 0 | (219) | 0 | (498) |
Unrealized holding losses on debt securities | ||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Before Tax | (42,903) | 0 | (84,943) | 0 |
Income tax benefit | 8,581 | 0 | 16,988 | 0 |
Net of tax | (34,322) | 0 | (67,955) | 0 |
Unrealized holding losses on debt securities | Investment securities | ||||
Reclassification Adjustment Out Of Accumulated Other Comprehensive Income [Line Items] | ||||
Before Tax | $ (42,903) | $ 0 | $ (84,943) | $ 0 |
Guarantees - Changes from credi
Guarantees - Changes from credit recourses agreements (Details) - Guarantee on loans sold or serviced with credit recourse - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Guarantor Obligations [Line Items] | ||||
Balance as of beginning of period | $ 5,864 | $ 10,335 | $ 6,897 | $ 11,800 |
Provision (benefit) for recourse liability | 478 | (395) | (176) | (349) |
Net charge-offs | (119) | (845) | (498) | (2,356) |
Balance as of end of period | $ 6,223 | $ 9,095 | $ 6,223 | $ 9,095 |
Guarantees - Credit recourse -
Guarantees - Credit recourse - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | |
Guarantee on loans sold or serviced with credit recourse | ||||||||
Guarantor Obligations [Line Items] | ||||||||
Valuation allowances and reserves balance | $ 6,223 | $ 9,095 | $ 6,223 | $ 9,095 | $ 5,864 | $ 6,897 | $ 10,335 | $ 11,800 |
Serviced mortgage loans | ||||||||
Guarantor Obligations [Line Items] | ||||||||
Loans serviced | 10,400,000 | 10,400,000 | 11,100,000 | |||||
Loans with recourse | ||||||||
Guarantor Obligations [Line Items] | ||||||||
Loans serviced | 600,000 | 600,000 | $ 600,000 | |||||
Loans with recourse | Serviced mortgage loans | ||||||||
Guarantor Obligations [Line Items] | ||||||||
Repurchased loans | $ 600 | $ 2,000 | $ 1,400 | $ 5,000 |
Guarantees - Other Guarantees -
Guarantees - Other Guarantees - Additional Information (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Guarantor Obligations [Line Items] | ||
Funds Advanced To Investors Under Servicing Agreements | $ 52,848 | $ 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 | 300 | 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 |
Commitments and Contingencies -
Commitments and Contingencies - Financial instruments with off-Balance Sheet credit risk (Details) - USD ($) $ in Thousands | Jun. 30, 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 | $ 6,008,516 | $ 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 | 4,381,533 | 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 | 249,211 | 250,271 |
Commercial letters of credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | 2,256 | 3,351 |
Standby letters of credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | 29,404 | 27,868 |
Commitments to originate or fund mortgage loans | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | $ 43,593 | $ 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 | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | $ 351,483 | $ 327,000 |
Total concentration of risk | 380,483 | 374,000 |
Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 26,078 | 25,000 |
Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 325,405 | $ 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 | 351,442 | |
Total concentration of risk | 380,442 | |
From Municipalities | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 26,037 | |
From Municipalities | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 325,405 | |
From Municipalities | Within 1 year | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 17,819 | |
Total concentration of risk | 42,819 | |
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 | 13,089 | |
From Municipalities | After 1 to 5 years | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 136,086 | |
Total concentration of risk | 140,086 | |
From Municipalities | After 1 to 5 years | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 20,282 | |
From Municipalities | After 1 to 5 years | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 115,804 | |
From Municipalities | After 5 to 10 years | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 147,706 | |
Total concentration of risk | 147,706 | |
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 | 146,681 | |
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 | 6 Months Ended | 12 Months Ended | |
Jul. 02, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | |
Commitments and Contingencies Disclosure [Line Items] | |||
Loans And Leases Receivable Gross Carrying Amount | $ 33,354,999 | $ 32,372,925 | |
Commitments to extend credit | |||
Commitments and Contingencies Disclosure [Line Items] | |||
Reserve of potential losses associated with unfunded loan commitments | 11,600 | 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 | 12,000 | 38,000 | |
BVI | Retail and commerical loans | |||
Commitments and Contingencies Disclosure [Line Items] | |||
Loans And Leases Receivable Gross Carrying Amount | 207,000 | 214,000 | |
PR government and its instrumentalities and municipalities | Loans | Subsequent event | Obligations from Puerto Rico municipalities | |||
Commitments and Contingencies Disclosure [Line Items] | |||
Principal payments received | $ 34,000 | ||
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 | 71,000 | 72,000 | |
PR Government direct exposure | |||
Commitments and Contingencies Disclosure [Line Items] | |||
Outstanding concentration of risk | 351,483 | 327,000 | |
Total concentration of risk | $ 380,483 | 374,000 | |
Exposure Municipal Loans And Securities | 74% | ||
PR Government direct exposure | Loans | |||
Commitments and Contingencies Disclosure [Line Items] | |||
Outstanding concentration of risk | $ 325,405 | 302,000 | |
PR Government direct exposure | Securities Investment | |||
Commitments and Contingencies Disclosure [Line Items] | |||
Outstanding concentration of risk | 26,078 | 25,000 | |
PR Government Indirect Exposure | |||
Commitments and Contingencies Disclosure [Line Items] | |||
Outstanding concentration of risk | 240,000 | 251,000 | |
Loans and Leases Receivable, Consumer, Mortgage with PRHA | 199,000 | 209,000 | |
PR Government Indirect Exposure | PR Housing Bonds backed by second mortgage loans | |||
Commitments and Contingencies Disclosure [Line Items] | |||
Outstanding concentration of risk | 40,000 | 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 | 3 Months Ended |
Jun. 30, 2023 USD ($) claims | |
Aggregate Arbitrations with Claimed Damages | Popular Securities | |
Legal Matters And Contingencies [Line Items] | |
Loss Contingency Pending Claims Number | claims | 6 |
Loss Contingency Damages Sought Value | $ 5,880 |
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 | $ 20,100 |
Non-consolidated VIEs - Corpora
Non-consolidated VIEs - Corporation's VI in non-consolidated VIEs and max exposure to loss (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 |
Variable Interest Entity [Line Items] | |||
Assets | $ 70,838,266 | $ 67,637,917 | $ 71,501,931 |
Variable Interest Entity Not Primary Beneficiary | |||
Variable Interest Entity [Line Items] | |||
Assets | 101,817 | 105,771 | |
Maximum exposure to loss | 101,817 | 105,771 | |
Variable Interest Entity Not Primary Beneficiary | Servicing assets | |||
Variable Interest Entity [Line Items] | |||
Assets | 95,714 | 99,614 | |
Variable Interest Entity Not Primary Beneficiary | Mortgage servicing rights | |||
Variable Interest Entity [Line Items] | |||
Assets | 95,714 | 99,614 | |
Variable Interest Entity Not Primary Beneficiary | Other assets | |||
Variable Interest Entity [Line Items] | |||
Assets | 6,103 | 6,157 | |
Variable Interest Entity Not Primary Beneficiary | Servicing advances | |||
Variable Interest Entity [Line Items] | |||
Assets | $ 6,103 | $ 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 | |
Jun. 30, 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. - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2022 | Jun. 30, 2022 | |
Related Party Transaction [Line Items] | ||
Share of income from investment | $ 5,480 | $ 11,827 |
Share of other changes in stockholders equity | 1,410 | 3,168 |
Share of changes in equity recognized in income | $ 6,890 | $ 14,995 |
Related party transactions - Im
Related party transactions - Impact on the results of operations of transactions between the Corporation and EVERTEC (Details) - EVERTEC Inc. - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2022 | Jun. 30, 2022 | |
Related Party Transaction [Line Items] | ||
Related Party Transaction, Amounts of Transaction | $ (57,543) | $ (111,315) |
Interest Expense | ||
Related Party Transaction [Line Items] | ||
Interest Expense Related Party | (135) | (267) |
ATH and credit cards interchange income from services | ||
Related Party Transaction [Line Items] | ||
Related Party Transaction Revenues From Transactions With Related Party | 7,272 | 13,955 |
Rental income charged | ||
Related Party Transaction [Line Items] | ||
Related Party Transaction Revenues From Transactions With Related Party | 1,577 | 3,258 |
Processing fees on services provided | ||
Related Party Transaction [Line Items] | ||
Expenses from Transactions with related party | (66,459) | (128,681) |
Other services provided | ||
Related Party Transaction [Line Items] | ||
Related Party Transaction Revenues From Transactions With Related Party | $ 202 | $ 420 |
Related party transactions - Re
Related party transactions - Related party transactions with affiliated company - Equity Method - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Related Party Transaction | ||||
Equity investment | $ 227,358 | $ 210,001 | ||
Return of capital from equity method investments | 249 | $ 0 | ||
BHD LEON | Cash Distribution | ||||
Related Party Transaction | ||||
Dividends distribution | 14,100 | 16,000 | ||
BHD LEON | Stock Distribution | ||||
Related Party Transaction | ||||
Dividends distribution | 2,100 | |||
EVERTEC Inc. | ||||
Related Party Transaction | ||||
Earnings from investments in equity method investees | $ 6,890 | 14,995 | ||
Return of capital from equity method investments | 1,200 | |||
BHD LEON | ||||
Related Party Transaction | ||||
Equity investment | 218,000 | $ 199,800 | ||
Earnings from investments in equity method investees | $ 32,300 | $ 20,500 | ||
BHD LEON | BHD LEON | ||||
Related Party Transaction | ||||
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 | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Related Party Transaction [Line Items] | ||
Administrative Fees | $ 1.1 | $ 1.3 |
Waived Fees | 0.4 | 0.5 |
Net fees | $ 0.7 | $ 0.8 |
Fair value measurement - Assets
Fair value measurement - Assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Assets | ||||
Debt securities available-for-sale | $ 17,242,217 | $ 17,804,374 | ||
Mortgage servicing rights | 121,249 | 128,350 | $ 129,877 | $ 121,570 |
US Treasury Securities | ||||
Assets | ||||
Debt securities available-for-sale | 10,967,982 | 11,180,948 | ||
Collateralized Mortgage Obligations - Federal agencies | ||||
Assets | ||||
Debt securities available-for-sale | 148,052 | 165,196 | ||
Mortgage Backed Securities | ||||
Assets | ||||
Debt securities available-for-sale | 6,125,150 | 6,457,170 | ||
Other | ||||
Assets | ||||
Debt securities available-for-sale | 1,033 | 1,060 | ||
Recurring | ||||
Assets | ||||
Debt securities available-for-sale | 17,242,217 | 17,804,374 | ||
Trading account debt securities, excluding derivatives | 29,035 | 27,723 | ||
Equity securities at fair value | 35,844 | 29,632 | ||
Mortgage servicing rights | 121,249 | 128,350 | ||
Loans held-for-sale | 9,509 | |||
Derivatives | 24,346 | 19,229 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 17,462,200 | 18,009,308 | ||
Liabilities | ||||
Derivatives | (21,575) | (17,000) | ||
Total | (21,575) | (17,000) | ||
Recurring | US Treasury Securities | ||||
Assets | ||||
Debt securities available-for-sale | 10,967,982 | 11,180,948 | ||
Trading account debt securities, excluding derivatives | 13,338 | 13,069 | ||
Recurring | Obligations of Puerto Rico, States and political subdivisions | ||||
Assets | ||||
Trading account debt securities, excluding derivatives | 61 | 64 | ||
Recurring | Collateralized Mortgage Obligations - Federal agencies | ||||
Assets | ||||
Debt securities available-for-sale | 148,052 | 165,196 | ||
Recurring | CMO | ||||
Assets | ||||
Trading account debt securities, excluding derivatives | 98 | 160 | ||
Recurring | Mortgage Backed Securities | ||||
Assets | ||||
Debt securities available-for-sale | 6,125,150 | 6,457,170 | ||
Trading account debt securities, excluding derivatives | 15,347 | 14,223 | ||
Recurring | Other | ||||
Assets | ||||
Debt securities available-for-sale | 1,033 | 1,060 | ||
Trading account debt securities, excluding derivatives | 191 | 207 | ||
Recurring | Level 1 | ||||
Assets | ||||
Debt securities available-for-sale | 2,854,502 | 1,908,589 | ||
Trading account debt securities, excluding derivatives | 13,338 | 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 | 2,867,840 | 1,921,658 | ||
Liabilities | ||||
Derivatives | 0 | 0 | ||
Total | 0 | 0 | ||
Recurring | Level 1 | US Treasury Securities | ||||
Assets | ||||
Debt securities available-for-sale | 2,854,502 | 1,908,589 | ||
Trading account debt securities, excluding derivatives | 13,338 | 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 | 14,386,060 | 15,894,074 | ||
Trading account debt securities, excluding derivatives | 15,287 | 14,119 | ||
Equity securities at fair value | 35,541 | 29,302 | ||
Mortgage servicing rights | 0 | 0 | ||
Loans held-for-sale | 9,509 | |||
Derivatives | 24,346 | 19,229 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 14,470,743 | 15,956,724 | ||
Liabilities | ||||
Derivatives | (21,575) | (17,000) | ||
Total | (21,575) | (17,000) | ||
Recurring | Level 2 | US Treasury Securities | ||||
Assets | ||||
Debt securities available-for-sale | 8,113,480 | 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 | 61 | 64 | ||
Recurring | Level 2 | Collateralized Mortgage Obligations - Federal agencies | ||||
Assets | ||||
Debt securities available-for-sale | 148,052 | 165,196 | ||
Recurring | Level 2 | CMO | ||||
Assets | ||||
Trading account debt securities, excluding derivatives | 42 | 47 | ||
Recurring | Level 2 | Mortgage Backed Securities | ||||
Assets | ||||
Debt securities available-for-sale | 6,124,495 | 6,456,459 | ||
Trading account debt securities, excluding derivatives | 15,184 | 14,008 | ||
Recurring | Level 2 | Other | ||||
Assets | ||||
Debt securities available-for-sale | 33 | 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 | 410 | 535 | ||
Equity securities at fair value | 0 | 0 | ||
Mortgage servicing rights | 121,249 | 128,350 | ||
Loans held-for-sale | 0 | |||
Derivatives | 0 | 0 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 123,314 | 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 | 56 | 113 | 152 | |
Recurring | Level 3 | Mortgage Backed Securities | ||||
Assets | ||||
Debt securities available-for-sale | 655 | 711 | ||
Trading account debt securities, excluding derivatives | 163 | 215 | ||
Recurring | Level 3 | Other | ||||
Assets | ||||
Debt securities available-for-sale | 1,000 | 1,000 | ||
Trading account debt securities, excluding derivatives | 191 | 207 | $ 264 | |
Recurring | NAV | ||||
Assets | ||||
Debt securities available-for-sale | 0 | 0 | ||
Trading account debt securities, excluding derivatives | 0 | 0 | ||
Equity securities at fair value | 303 | 330 | ||
Mortgage servicing rights | 0 | 0 | ||
Loans held-for-sale | 0 | |||
Derivatives | 0 | 0 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 303 | 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 | Jun. 30, 2023 USD ($) |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |
Loans held for sale | $ 9,509 |
Aggregated unpaid principal balance | 9,648 |
Difference | $ (139) |
Fair value measurement - Asse_2
Fair value measurement - Assets measured at fair value on nonrecurring basis (Details) - Nonrecurring - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans | $ 18,923 | $ 6,694 |
Other real estate owned | 2,815 | 2,161 |
Other foreclosed assets | 41 | |
Total assets measured at fair value on non-recurring basis | 21,779 | 8,855 |
Loans - write-down | (7,092) | (1,183) |
Other real estate owned - write down | (656) | (769) |
Other foreclosed assets - write down | (9) | |
Total assets measured - write down | (7,757) | (1,952) |
Level 1 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans | 0 | 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 |
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 | 18,923 | 6,694 |
Other real estate owned | 2,815 | 2,161 |
Other foreclosed assets | 41 | |
Total assets measured at fair value on non-recurring basis | $ 21,779 | $ 8,855 |
Fair value measurement - Change
Fair value measurement - Changes in level 3 assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Assets, Fair Value Disclosure [Abstract] | ||||
Beginning Balance | $ 129,605 | $ 126,592 | $ 130,596 | $ 122,874 |
Gains (Losses) included in earnings | (6,225) | 2,255 | (7,611) | 3,258 |
Gains (losses) included in OCI | 11 | (6) | 3 | |
Additions | 743 | 2,761 | 1,244 | 5,534 |
Sales | (1,269) | (1,269) | ||
Settlements | 460 | (47) | 360 | (97) |
Ending Balance | 123,314 | 131,572 | 123,314 | 131,572 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | (2,723) | 5,319 | (1,430) | 9,577 |
Liabilities, Fair Value Disclosure [Abstract] | ||||
Beginning Balance | 9,241 | 9,241 | ||
Gains (Losses) included in earnings | 0 | 0 | ||
Gains (losses) included in OCI | 0 | 0 | ||
Additions | 0 | 0 | ||
Settlements | 0 | 0 | ||
Ending Balance | 9,241 | 9,241 | ||
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss | 0 | 0 | ||
Contingent consideration | ||||
Liabilities, Fair Value Disclosure [Abstract] | ||||
Beginning Balance | 9,241 | 9,241 | ||
Gains (Losses) included in earnings | 0 | 0 | ||
Gains (losses) included in OCI | 0 | 0 | ||
Additions | 0 | 0 | ||
Settlements | 0 | 0 | ||
Ending Balance | 9,241 | 9,241 | ||
Fair Value Liabilities Measured On Recurring Basis Change In Unrealized Gain Loss | 0 | 0 | ||
Debt securities available-for-sale | Mortgage Backed Securities | ||||
Assets, Fair Value Disclosure [Abstract] | ||||
Beginning Balance | 655 | 793 | 711 | 826 |
Gains (Losses) included in earnings | 0 | 0 | 0 | 0 |
Gains (losses) included in OCI | 11 | (6) | 3 | |
Additions | 0 | 0 | 0 | 0 |
Sales | 0 | 0 | ||
Settlements | 0 | (25) | (50) | (50) |
Ending Balance | 655 | 779 | 655 | 779 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 0 | 0 | 0 | 0 |
Debt securities available-for-sale | Other | ||||
Assets, Fair Value Disclosure [Abstract] | ||||
Beginning Balance | 1,000 | 0 | 1,000 | 0 |
Gains (Losses) included in earnings | 0 | 0 | 0 | 0 |
Gains (losses) included in OCI | 0 | 0 | 0 | |
Additions | 0 | 500 | 0 | 500 |
Sales | 0 | 0 | ||
Settlements | 0 | 0 | 0 | 0 |
Ending Balance | 1,000 | 500 | 1,000 | 500 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 0 | 0 | 0 | 0 |
Trading account debt securities | CMO | ||||
Assets, Fair Value Disclosure [Abstract] | ||||
Beginning Balance | 88 | 174 | 113 | 198 |
Gains (Losses) included in earnings | 0 | 0 | 0 | (1) |
Gains (losses) included in OCI | 0 | 0 | 0 | |
Additions | 4 | 0 | 4 | 2 |
Sales | 0 | 0 | ||
Settlements | (36) | (22) | (61) | (47) |
Ending Balance | 56 | 152 | 56 | 152 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 0 | (1) | 0 | (1) |
Trading account debt securities | Mortgage Backed Securities | ||||
Assets, Fair Value Disclosure [Abstract] | ||||
Beginning Balance | 188 | 215 | ||
Gains (Losses) included in earnings | 0 | (2) | ||
Gains (losses) included in OCI | 0 | |||
Additions | 0 | 0 | ||
Sales | 0 | 0 | ||
Settlements | (25) | (50) | ||
Ending Balance | 163 | 163 | ||
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 | 199 | 267 | 207 | 280 |
Gains (Losses) included in earnings | (8) | (3) | (16) | (16) |
Gains (losses) included in OCI | 0 | 0 | 0 | |
Additions | 0 | 0 | 0 | 0 |
Sales | 0 | 0 | ||
Settlements | 0 | 0 | 0 | 0 |
Ending Balance | 191 | 264 | 191 | 264 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 9 | 2 | 18 | 7 |
Mortgage Servicing Rights | ||||
Assets, Fair Value Disclosure [Abstract] | ||||
Beginning Balance | 127,475 | 125,358 | 128,350 | 121,570 |
Gains (Losses) included in earnings | (6,217) | 2,258 | (7,593) | 3,275 |
Gains (losses) included in OCI | 0 | 0 | 0 | |
Additions | 739 | 2,261 | 1,240 | 5,032 |
Sales | (1,269) | (1,269) | ||
Settlements | 521 | 0 | 521 | 0 |
Ending Balance | 121,249 | 129,877 | 121,249 | 129,877 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | $ (2,732) | $ 5,318 | $ (1,447) | $ 9,571 |
Fair value measurement - Gains
Fair value measurement - Gains and losses (realized and unrealized) included in earnings for level 3 assets and liabilities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract | ||||
Gains (Losses) included in earnings | $ (6,225) | $ 2,255 | $ (7,611) | $ 3,258 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | (2,723) | 5,319 | (1,430) | 9,577 |
Mortgage banking activities | ||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract | ||||
Gains (Losses) included in earnings | (6,217) | 2,258 | (7,593) | 3,275 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | (2,732) | 5,318 | (1,447) | 9,571 |
Trading account (loss) profit | ||||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract | ||||
Gains (Losses) included in earnings | (8) | (3) | (18) | (17) |
Changes in unrealized gains (losses) included in earnings relating to assets still held | $ 9 | $ 1 | $ 17 | $ 6 |
Fair value measurement - Quanti
Fair value measurement - Quantitative inputs level 3 (Details) - USD ($) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Recurring | |||
Assets | |||
Trading Securities Debt | $ 29,035 | $ 27,723 | |
Recurring | CMO | |||
Assets | |||
Trading Securities Debt | 98 | 160 | |
Recurring | Other | |||
Assets | |||
Trading Securities Debt | 191 | 207 | |
Recurring | Level 3 | |||
Assets | |||
Trading Securities Debt | 410 | 535 | |
Recurring | Level 3 | CMO | |||
Assets | |||
Trading Securities Debt | $ 56 | $ 152 | 113 |
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Minimum | |||
Unobservable inputs | |||
Weighted average life (in years) | 2 months 12 days | 3 months 18 days | |
Yield | 4.90% | 4.20% | |
Weighted average prepayment speed (annual rate) | 7.70% | 12% | |
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Maximum | |||
Unobservable inputs | |||
Weighted average life (in years) | 4 months 24 days | 9 months 18 days | |
Yield | 5.40% | 4.80% | |
Weighted average prepayment speed (annual rate) | 25% | 16.30% | |
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Weighted Average | |||
Unobservable inputs | |||
Weighted average life (in years) | 2 months 12 days | 7 months 6 days | |
Yield | 4.90% | 4.20% | |
Weighted average prepayment speed (annual rate) | 7.90% | 12.50% | |
Recurring | Level 3 | Other | |||
Assets | |||
Trading Securities Debt | $ 191 | $ 264 | $ 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% | 0.12% | |
Weighted average prepayment speed (annual rate) | 10.80% | 10.80% | |
Nonrecurring | Level 3 | Loan | |||
Assets | |||
Loans | $ 18,854 | $ 3,779 | |
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | |||
Unobservable inputs | |||
Haircut applied on external appraisal | 12.60% | ||
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Minimum | |||
Unobservable inputs | |||
Haircut applied on external appraisal | 5% | ||
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Maximum | |||
Unobservable inputs | |||
Haircut applied on external appraisal | 20% | ||
Nonrecurring | Level 3 | Loan | Valuation Technique External Appraisal | Weighted Average | |||
Unobservable inputs | |||
Haircut applied on external appraisal | 12% | ||
Nonrecurring | Level 3 | Other real estate owned | Valuation Technique External Appraisal | |||
Assets | |||
Other real estate owned | $ 76 | ||
Unobservable inputs | |||
Haircut applied on external appraisal | 5% | ||
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 | 6 Months Ended |
Jun. 30, 2023 USD ($) | Jun. 30, 2023 USD ($) | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale 90 days or more | $ 0 | $ 0 |
Mortgages | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Fair value option unrealized loss recognized | $ (197,000) | $ (128,000) |
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 | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Financial Assets: | ||||
Cash and due from banks | $ 476,642 | $ 469,501 | ||
Money market investments | 8,593,476 | 5,614,595 | ||
Debt securities available-for-sale | 17,242,217 | 17,804,374 | ||
Debt securities held-to-maturity | 8,404,421 | 8,518,455 | ||
Equity securities: | ||||
Equity securities, at lower of cost or realizable value | 192,373 | 195,854 | ||
Loans held in portfolio | 32,330,722 | 31,357,467 | ||
Mortgage servicing rights | 121,249 | 128,350 | $ 129,877 | $ 121,570 |
Deposits | ||||
Time deposits | 8,001,851 | 6,781,401 | ||
Deposits | 64,004,818 | 61,227,227 | ||
Assets sold under agreements to repurchase | 123,205 | 148,609 | ||
Other short-term borrowings | 0 | 365,000 | ||
Notes payable: | ||||
Notes payable | 1,304,049 | 886,710 | ||
US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities available-for-sale | 10,967,982 | 11,180,948 | ||
Debt securities held-to-maturity | 8,336,569 | 8,453,467 | ||
Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 60,326 | 59,010 | ||
Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities available-for-sale | 148,052 | 165,196 | ||
Debt securities held-to-maturity | 1,566 | 19 | ||
Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 5,960 | 5,959 | ||
Other | ||||
Financial Assets: | ||||
Debt securities available-for-sale | 1,033 | 1,060 | ||
Carrying amount | ||||
Financial Assets: | ||||
Cash and due from banks | 476,642 | 469,501 | ||
Money market investments | 8,593,476 | 5,614,595 | ||
Trading account debt securities, excluding derivatives | 29,035 | 27,723 | ||
Debt securities available-for-sale | 17,242,217 | 17,804,374 | ||
Debt securities held-to-maturity | 8,404,421 | 8,518,455 | ||
Equity securities: | ||||
FHLB stock | 50,357 | 65,861 | ||
FRB stock | 100,267 | 96,206 | ||
Other investments | 41,749 | 33,787 | ||
Equity securities, at lower of cost or realizable value | 192,373 | 195,854 | ||
Loans held-for-sale | 55,421 | 5,381 | ||
Loans held in portfolio | 32,330,722 | 31,357,467 | ||
Mortgage servicing rights | 121,249 | 128,350 | ||
Derivatives | 24,346 | 19,229 | ||
Deposits | ||||
Demand deposits | 56,002,966 | 54,445,825 | ||
Time deposits | 8,001,852 | 6,781,402 | ||
Deposits | 64,004,818 | 61,227,227 | ||
Assets sold under agreements to repurchase | 123,205 | 148,609 | ||
Other short-term borrowings | 365,000 | |||
Notes payable: | ||||
FHLB advances | 412,632 | 389,282 | ||
Unsecured senior debt securities | 693,085 | 299,109 | ||
Junior subordinated deferrable interest debentures (related to trust preferred securities) | 198,332 | 198,319 | ||
Notes payable | 1,304,049 | 886,710 | ||
Derivatives | 21,575 | 17,000 | ||
Carrying amount | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 8,336,569 | 8,453,467 | ||
Carrying amount | Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 60,326 | 59,010 | ||
Carrying amount | Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 1,566 | 19 | ||
Carrying amount | Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 5,960 | 5,959 | ||
Fair Value | ||||
Financial Assets: | ||||
Cash and due from banks | 476,642 | 469,501 | ||
Money market investments | 8,593,476 | 5,614,595 | ||
Trading account debt securities, excluding derivatives | 29,035 | 27,723 | ||
Debt securities available-for-sale | 17,242,217 | 17,804,374 | ||
Debt securities held-to-maturity | 8,274,950 | 8,440,196 | ||
Equity securities: | ||||
FHLB stock | 50,357 | 65,861 | ||
FRB stock | 100,267 | 96,206 | ||
Other investments | 42,615 | 34,598 | ||
Equity securities, at lower of cost or realizable value | 193,239 | 196,665 | ||
Loans held-for-sale | 55,421 | 5,404 | ||
Loans held in portfolio | 30,758,440 | 29,366,365 | ||
Mortgage servicing rights | 121,249 | 128,350 | ||
Derivatives | 24,346 | 19,229 | ||
Deposits | ||||
Demand deposits | 56,002,966 | 54,445,825 | ||
Time deposits | 7,655,442 | 6,464,943 | ||
Deposits | 63,658,408 | 60,910,768 | ||
Assets sold under agreements to repurchase | 123,185 | 148,566 | ||
Other short-term borrowings | 365,000 | |||
Notes payable: | ||||
FHLB advances | 388,283 | 361,951 | ||
Unsecured senior debt securities | 696,103 | 300,027 | ||
Junior subordinated deferrable interest debentures (related to trust preferred securities) | 169,879 | 173,938 | ||
Notes payable | 1,254,265 | 835,916 | ||
Derivatives | 21,575 | 17,000 | ||
Fair Value | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 8,206,858 | 8,372,601 | ||
Fair Value | Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 60,676 | 61,617 | ||
Fair Value | Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 1,456 | 19 | ||
Fair Value | Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 5,960 | 5,959 | ||
Fair Value | Level 1 | ||||
Financial Assets: | ||||
Cash and due from banks | 476,642 | 469,501 | ||
Money market investments | 8,587,418 | 5,607,937 | ||
Trading account debt securities, excluding derivatives | 13,338 | 13,069 | ||
Debt securities available-for-sale | 2,854,502 | 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 | |||
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 | 6,058 | 6,658 | ||
Trading account debt securities, excluding derivatives | 15,287 | 14,119 | ||
Debt securities available-for-sale | 14,386,060 | 15,894,074 | ||
Debt securities held-to-maturity | 8,214,258 | 8,378,560 | ||
Equity securities: | ||||
FHLB stock | 50,357 | 65,861 | ||
FRB stock | 100,267 | 96,206 | ||
Other investments | 35,541 | 29,302 | ||
Equity securities, at lower of cost or realizable value | 186,165 | 191,369 | ||
Loans held-for-sale | 55,421 | 0 | ||
Loans held in portfolio | 0 | 0 | ||
Mortgage servicing rights | 0 | 0 | ||
Derivatives | 24,346 | 19,229 | ||
Deposits | ||||
Demand deposits | 56,002,966 | 54,445,825 | ||
Time deposits | 7,655,442 | 6,464,943 | ||
Deposits | 63,658,408 | 60,910,768 | ||
Assets sold under agreements to repurchase | 123,185 | 148,566 | ||
Other short-term borrowings | 365,000 | |||
Notes payable: | ||||
FHLB advances | 388,283 | 361,951 | ||
Unsecured senior debt securities | 696,103 | 300,027 | ||
Junior subordinated deferrable interest debentures (related to trust preferred securities) | 169,879 | 173,938 | ||
Notes payable | 1,254,265 | 835,916 | ||
Derivatives | 21,575 | 17,000 | ||
Fair Value | Level 2 | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 8,206,858 | 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 | 1,440 | 0 | ||
Fair Value | Level 2 | Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 5,960 | 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 | 410 | 535 | ||
Debt securities available-for-sale | 1,655 | 1,711 | ||
Debt securities held-to-maturity | 60,692 | 61,636 | ||
Equity securities: | ||||
FHLB stock | 0 | 0 | ||
FRB stock | 0 | 0 | ||
Other investments | 6,771 | 4,966 | ||
Equity securities, at lower of cost or realizable value | 6,771 | 4,966 | ||
Loans held-for-sale | 0 | 5,404 | ||
Loans held in portfolio | 30,758,440 | 29,366,365 | ||
Mortgage servicing rights | 121,249 | 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 | |||
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 | 60,676 | 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 | 303 | 330 | ||
Equity securities, at lower of cost or realizable value | 303 | 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 | |||
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 | Jun. 30, 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 | $ 32 | $ 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 | $ 10,600 | $ 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 | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Earnings Per Share | ||||
Net income | $ 151,160 | $ 211,421 | $ 310,139 | $ 423,107 |
Preferred stock dividends | (353) | (353) | (706) | (706) |
Net income applicable to common stock | $ 150,807 | $ 211,068 | $ 309,433 | $ 422,401 |
Average common shares outstanding | 71,690,396 | 76,171,784 | 71,616,498 | 77,301,469 |
Average potential dilutive common shares | 18,807 | 115,099 | 47,805 | 124,805 |
Average common shares outstanding - assuming dilution | 71,709,203 | 76,286,883 | 71,664,303 | 77,426,274 |
Basic EPS | $ 2.10 | $ 2.77 | $ 4.32 | $ 5.46 |
Diluted EPS | $ 2.10 | $ 2.77 | $ 4.32 | $ 5.46 |
Revenue from contracts with c_3
Revenue from contracts with customers - Revenue streams (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Service charges on deposit accounts | ||||
Revenue from contract with customer | $ 37,781 | $ 41,809 | $ 72,459 | $ 82,522 |
BPPR | ||||
Revenue from contract with customer | 112,118 | 108,795 | 216,644 | 210,542 |
BPPR | Service charges on deposit accounts | ||||
Revenue from contract with customer | 35,253 | 38,993 | 67,405 | 76,978 |
BPPR | Debit card fees | ||||
Revenue from contract with customer | 13,377 | 12,660 | 26,325 | 24,222 |
BPPR | Insurance fees, excluding reinsurance | ||||
Revenue from contract with customer | 12,152 | 9,982 | 22,950 | 20,020 |
BPPR | Credit card fees excluding late fees and membership fees | ||||
Revenue from contract with customer | 38,392 | 34,785 | 74,566 | 65,007 |
BPPR | Sale and administration of investment products | ||||
Revenue from contract with customer | 6,076 | 6,017 | 12,634 | 11,808 |
BPPR | Trust fees | ||||
Revenue from contract with customer | 6,868 | 6,358 | 12,764 | 12,507 |
Popular U.S. | ||||
Revenue from contract with customer | 4,375 | 4,723 | 9,005 | 9,314 |
Popular U.S. | Service charges on deposit accounts | ||||
Revenue from contract with customer | 2,528 | 2,816 | 5,054 | 5,544 |
Popular U.S. | Debit card fees | ||||
Revenue from contract with customer | 223 | 222 | 441 | 439 |
Popular U.S. | Insurance fees, excluding reinsurance | ||||
Revenue from contract with customer | 1,288 | 1,374 | 2,595 | 2,696 |
Popular U.S. | Credit card fees excluding late fees and membership fees | ||||
Revenue from contract with customer | 336 | 311 | 915 | 635 |
Popular U.S. | Sale and administration of investment products | ||||
Revenue from contract with customer | 0 | 0 | 0 | 0 |
Popular U.S. | Trust fees | ||||
Revenue from contract with customer | $ 0 | $ 0 | $ 0 | $ 0 |
Revenue from contracts with c_4
Revenue from contracts with customers - Revenue streams - Parenthetical (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Intersegment Transaction | ||||
Revenue From Contract With Customer Excluding Assessed Tax | $ 2.2 | $ 3.5 | $ 3.8 | $ 5 |
Leases - Future minimum payment
Leases - Future minimum payments (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Operating lease liabilities under Topic 842 | ||
Operating leases - 2023 | $ 15,095 | |
Operating leases - 2024 | 29,153 | |
Operating leases - 2025 | 26,326 | |
Operating leases - 2026 | 17,935 | |
Operating leases - 2027 | 12,709 | |
Operating leases - later years | 48,893 | |
Operating leases - Total | 150,111 | |
Less: Imputed interest | (18,674) | |
Operating lease liabilities | $ 131,437 | $ 137,290 |
Operating Lease Liability Statement Of Financial Position Extensible List | Other liabilities | Other liabilities |
Finance lease liabilities under Topic 842 | ||
Finance leases - 2023 | $ 3,192 | |
Finance leases - 2024 | 3,991 | |
Finance leases - 2025 | 4,084 | |
Finance leases - 2026 | 3,839 | |
Finance leases - 2027 | 2,468 | |
Finance leases - later years | 9,346 | |
Finance leases - Total | 26,920 | |
Less: imputed interest | (2,829) | |
Finance lease liabilities | $ 24,091 | $ 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 | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Lease Cost [Abstract] | ||||
Amortization of ROU assets | $ 1,071 | $ 686 | $ 1,895 | $ 1,445 |
Interest on lease liabilities | 234 | 279 | 530 | 587 |
Operating lease cost | 7,800 | 7,660 | 15,654 | 15,287 |
Short-term lease cost | 148 | 113 | 221 | 168 |
Variable lease cost | 45 | 30 | 101 | 53 |
Sublease Income | (17) | (10) | (26) | (19) |
Total lease cost | $ 9,281 | $ 8,758 | $ 18,375 | $ 17,521 |
Leases - Supplemental cash flow
Leases - Supplemental cash flow information and other related information (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Leases [Abstract] | ||
Operating cash flows from operating leases | $ 15,480 | $ 15,005 |
Operating cash flows from finance leases | 530 | 587 |
Financing cash flows from finance leases | 2,645 | 1,592 |
ROU assets obtained in exchange for new lease obligations - Operating leases | 1,623 | 1,806 |
ROU assets obtained in exchange for new lease obligations - Finance leases | $ 1,796 | $ 556 |
Weighted average remaining lease term - Operating leases | 7 years 4 months 24 days | 7 years 6 months |
Weighted average remaining lease term - Finance leases | 8 years | 8 years 6 months |
Weighted average discount rate - Operating leases | 3.10% | 2.80% |
Weighted average discount rate - Finance leases | 3.90% | 4.30% |
Leases - Additional Information
Leases - Additional Information (Details) $ in Millions | 6 Months Ended |
Jun. 30, 2023 USD ($) | |
Leases [Abstract] | |
Undiscounted contract amount operating leases not yet commenced | $ 4.1 |
Minimum | |
Lessee Lease Description [Line Items] | |
Remaining lease term of contract | 1 month 6 days |
Operating lease contract not yet commenced | 10 years |
Maximum | |
Lessee Lease Description [Line Items] | |
Remaining lease term of contract | 31 years 6 months |
Lessee remaining lease renewal term | 20 years |
Operating 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 | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Pension Plans | ||||
Personnel costs: | ||||
Service cost | $ 0 | $ 0 | $ 0 | $ 0 |
Other operating expenses | ||||
Interest cost | 7,887 | 4,800 | 15,774 | 9,600 |
Expected return on plan assets | (8,591) | (8,847) | (17,183) | (17,694) |
Amortization of prior service cost/(credit) | 0 | 0 | 0 | 0 |
Amortization of net loss | 5,366 | 3,911 | 10,732 | 7,822 |
Total net periodic pension cost | 4,662 | (136) | 9,323 | (272) |
OPEB Plan | ||||
Personnel costs: | ||||
Service cost | 48 | 121 | 95 | 242 |
Other operating expenses | ||||
Interest cost | 1,520 | 983 | 3,041 | 1,966 |
Expected return on plan assets | 0 | 0 | 0 | 0 |
Amortization of prior service cost/(credit) | 0 | 0 | 0 | 0 |
Amortization of net loss | (553) | 0 | (1,106) | 0 |
Total net periodic pension cost | $ 1,015 | $ 1,104 | $ 2,030 | $ 2,208 |
Pension and postretirement be_4
Pension and postretirement benefit - Contributions to the benefit plans (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2023 USD ($) | |
Pension Plans | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
Employer contribution | $ 114 |
Expected future employer contribution current year | 228 |
OPEB Plan | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
Employer contribution | 3,258 |
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 | 6 Months Ended | 12 Months Ended |
Jun. 30, 2023 | Dec. 31, 2022 | |
Restricted Stock | ||
Non-vested at beginning of period | 281,963 | 321,883 |
Granted | 258,018 | 194,791 |
Performance Shares Quantity Adjustment | 11,499 | 6,947 |
Vested | (223,471) | (240,033) |
Forfeited | (15,371) | (1,625) |
Non-vested at end of period | 312,638 | 281,963 |
Weighted-Average Grant Date Fair Value | ||
Non-vested at beginning of period | $ 56.50 | $ 47.98 |
Granted | 67.04 | 84.29 |
Performance Shares Quantity Adjustment | 75.96 | 78.02 |
Vested | 66.77 | 66.11 |
Forfeited | 55.82 | 78.86 |
Non-vested at end of period | $ 58.20 | $ 56.50 |
Stock-based compensation - Su_2
Stock-based compensation - Summary of incentive plan for members of the Board of Directors (Details) - Directors - $ / shares | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 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 | 36,328 | 25,321 | |||
Vested | (36,328) | (25,321) | |||
Forfeited | 0 | 0 | |||
Non-vested at end of period | 0 | 0 | 0 | ||
Weighted-Average Grant Date Fair Value | |||||
Non-vested at beginning of period | $ 0 | $ 0 | $ 0 | ||
Granted | 54.78 | 77.48 | |||
Vested | 54.78 | 77.48 | |||
Forfeited | 0 | 0 | |||
Non-vested at end of period | $ 0 | $ 0 | $ 0 | ||
Restricted Stock Units (RSUs) | |||||
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Roll Forward | |||||
Non-vested at beginning of period | 0 | ||||
Granted | 32,999 | 23,022 | 34,028 | 23,552 | |
Non-vested at end of period | 0 | 0 | 0 | ||
Weighted-Average Grant Date Fair Value | |||||
Non-vested at beginning of period | $ 0 | ||||
Non-vested at end of period | $ 0 | $ 0 | $ 0 |
Stock-based compensation - Addi
Stock-based compensation - Additional Information (Details) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
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 | $ 15,800,000 | $ 15,800,000 | |||
Total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management, period of recognition (in years) | 1 year 10 months 24 days | ||||
Fair value of stocks vested at grant date | $ 10,600,000 | ||||
Fair Market Value of stock vested at vesting date | 13,400,000 | ||||
Windfall Net Of Shortfall | $ 1,000,000 | ||||
Directors | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Stock granted | 36,328 | 25,321 | |||
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 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 | 130,815 | 83,462 | 200,303 | 136,046 | |
Restricted Stock Expense (Benefit) | $ 3,300,000 | $ 2,900,000 | $ 7,700,000 | $ 7,500,000 | |
Incentive award, tax benefit (expense) | $ 800,000 | $ 700,000 | $ 1,100,000 | $ 1,200,000 | |
Restricted Stock Units (RSUs) | Directors | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Stock granted | 32,999 | 23,022 | 34,028 | 23,552 | |
Restricted Stock Expense (Benefit) | $ 1,900,000 | $ 1,800,000 | $ 2,000,000 | $ 1,800,000 | |
Incentive award, tax benefit (expense) | $ 400,000 | $ 300,000 | 400,000 | $ 300,000 | |
Fair Market Value of stock vested at vesting date | $ 2,000,000 | ||||
Performance Based Shares | Minimum | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Vested and expected to vest range based on shareholder return | 50% | 50% | |||
Performance Based Shares | Maximum | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Vested and expected to vest range based on shareholder return | 150% | 150% | |||
Performance Based Shares | Executive Officers | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Stock granted | 0 | 0 | 57,715 | 56,857 | |
Restricted Stock Expense (Benefit) | $ (100,000) | $ 300,000 | $ 3,500,000 | $ 4,000,000 | |
Incentive award, tax benefit (expense) | $ (4,000) | $ 12,000 | $ 100,000 | $ 300,000 | |
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. | ||||
Unrestricted Stock | Directors | |||||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||||
Stock granted | 2,300 | 2,300 |
Income taxes - Differences betw
Income taxes - Differences between income tax expense (benefit) in Puerto Rico (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Amount | ||||
Income tax expense | $ 43,503 | $ 64,212 | $ 89,817 | $ 114,691 |
PR | ||||
Amount | ||||
Computed income tax at statutory rates | 72,998 | 103,362 | 149,983 | 201,674 |
Net benefit of tax exempt interest income | (27,316) | (34,397) | (49,218) | (77,266) |
Effect of income subject to preferential tax rate | 278 | (3,097) | (576) | (7,042) |
Deferred tax asset valuation allowance | 994 | 2,047 | (3,572) | 5,938 |
Difference in tax rates due to multiple jurisdictions | (3,869) | (6,817) | (9,039) | (13,310) |
State and local taxes | 3,037 | 3,566 | 6,392 | 7,231 |
Other | (2,619) | (452) | (4,153) | (2,534) |
Income tax expense | $ 43,503 | $ 64,212 | $ 89,817 | $ 114,691 |
% of pre-tax income | ||||
Computed income tax at statutory rates | 38% | 38% | 38% | 38% |
Net benefit of tax exempt interest income | (14.00%) | (12.00%) | (12.00%) | (15.00%) |
Effect of income subject to preferential tax rate | 0% | (1.00%) | 0% | (1.00%) |
Deferred tax asset valuation allowance | 1% | 0% | (1.00%) | 1% |
Difference in tax rates due to multiple jurisdictions | (2.00%) | (3.00%) | (2.00%) | (3.00%) |
State and local taxes | 2% | 1% | 2% | 1% |
Others | (2.00%) | 0% | (1.00%) | 0% |
Income tax expense | 22% | 23% | 22% | 21% |
Income taxes - Components of de
Income taxes - Components of deferred tax assets and liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Deferred tax assets: | ||
Tax credits available for carryforward | $ 7,195 | $ 3,042 |
Net operating loss and other carryforward available | 772,266 | 782,886 |
Postretirement and pension benefits | 46,920 | 47,122 |
Allowance for credit losses | 268,972 | 283,303 |
Depreciation | 12,378 | 12,281 |
FDIC-assisted transaction | 152,665 | 152,665 |
Lease liability | 50,299 | 51,811 |
Unrealized net loss on investment securities | 258,059 | 289,868 |
Difference in outside basis from pass-through entities | 32,234 | 40,602 |
Mortgage servicing rights | 14,700 | 13,711 |
Other temporary differences | 39,292 | 24,937 |
Total gross deferred tax assets | 1,654,980 | 1,702,228 |
Deferred tax liabilities: | ||
Intangibles | 139,241 | 135,797 |
Right of use assets | 45,139 | 46,277 |
Deferred loan origination fees/cost | 4,574 | 4,037 |
Loans acquired | 20,914 | 23,353 |
Other temporary differences | 6,944 | 1,531 |
Total gross deferred tax liabilities | 216,812 | 210,995 |
Valuation allowance | 537,185 | 540,196 |
Net deferred tax asset | 900,983 | 951,037 |
PR | ||
Deferred tax assets: | ||
Tax credits available for carryforward | 261 | 261 |
Net operating loss and other carryforward available | 122,293 | 121,742 |
Postretirement and pension benefits | 46,920 | 47,122 |
Allowance for credit losses | 238,377 | 250,615 |
Depreciation | 6,033 | 5,972 |
FDIC-assisted transaction | 152,665 | 152,665 |
Lease liability | 29,241 | 28,290 |
Unrealized net loss on investment securities | 235,339 | 265,955 |
Difference in outside basis from pass-through entities | 32,234 | 40,602 |
Mortgage servicing rights | 14,700 | 13,711 |
Other temporary differences | 30,222 | 17,122 |
Total gross deferred tax assets | 908,285 | 944,057 |
Deferred tax liabilities: | ||
Intangibles | 83,032 | 81,174 |
Right of use assets | 26,856 | 26,015 |
Deferred loan origination fees/cost | 2,096 | 1,076 |
Loans acquired | 20,914 | 23,353 |
Other temporary differences | 6,522 | 1,531 |
Total gross deferred tax liabilities | 139,420 | 133,149 |
Valuation allowance | 138,825 | 137,863 |
Net deferred tax asset | 630,040 | 673,045 |
US | ||
Deferred tax assets: | ||
Tax credits available for carryforward | 6,934 | 2,781 |
Net operating loss and other carryforward available | 649,973 | 661,144 |
Postretirement and pension benefits | 0 | 0 |
Allowance for credit losses | 30,595 | 32,688 |
Depreciation | 6,345 | 6,309 |
FDIC-assisted transaction | 0 | 0 |
Lease liability | 21,058 | 23,521 |
Unrealized net loss on investment securities | 22,720 | 23,913 |
Difference in outside basis from pass-through entities | 0 | 0 |
Mortgage servicing rights | 0 | 0 |
Other temporary differences | 9,070 | 7,815 |
Total gross deferred tax assets | 746,695 | 758,171 |
Deferred tax liabilities: | ||
Intangibles | 56,209 | 54,623 |
Right of use assets | 18,283 | 20,262 |
Deferred loan origination fees/cost | 2,478 | 2,961 |
Loans acquired | 0 | 0 |
Other temporary differences | 422 | 0 |
Total gross deferred tax liabilities | 77,392 | 77,846 |
Valuation allowance | 398,360 | 402,333 |
Net deferred tax asset | $ 270,943 | $ 277,992 |
Income taxes - Reconciliation o
Income taxes - Reconciliation of unrecognized tax benefits (Details) - USD ($) $ in Millions | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Mar. 31, 2022 |
Income Tax Disclosure | |||||
Beginning Balance | $ 2.5 | $ 2.5 | $ 3.5 | $ 3.5 | $ 3.5 |
Ending Balance | $ 2.5 | $ 2.5 | $ 2.5 | $ 3.5 | $ 3.5 |
Income taxes - Additional Infor
Income taxes - Additional Information (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Income Taxes [Line Items] | |||||
Valuation allowance | $ 537,185,000 | $ 537,185,000 | $ 540,196,000 | ||
Net deferred tax assets (net of valuation allowance) | 904,601,000 | 904,601,000 | 953,676,000 | ||
Net deferred tax asset | 900,983,000 | 900,983,000 | 951,037,000 | ||
Unrecognized tax benefits, accrued interest | 2,700,000 | 2,700,000 | 2,600,000 | ||
Recognized Tax Benefits Current Interest On Income Taxes Accrued | 53,000 | $ 165,000 | |||
Accrual for the payment of penalties | 0 | 0 | 0 | ||
Total amount of unrecognized tax benefits, that if recognized, would affect effective tax rate | 4,400,000 | 4,400,000 | 4,300,000 | ||
Anticipated reduction in the total amount of unrecognized tax benefits within the next 12 months | 1,500,000 | 1,500,000 | |||
Income tax expense | 43,503,000 | $ 64,212,000 | 89,817,000 | 114,691,000 | |
Other assets | |||||
Income Taxes [Line Items] | |||||
Net deferred tax assets (net of valuation allowance) | 900,000,000 | 900,000,000 | 1,000,000,000 | ||
Other liabilities | |||||
Income Taxes [Line Items] | |||||
Net deferred tax liabilities | 3,600,000 | 3,600,000 | 2,600,000 | ||
Popular, Inc Holding Co | |||||
Income Taxes [Line Items] | |||||
Valuation allowance | 139,000,000 | 139,000,000 | |||
PR | |||||
Income Taxes [Line Items] | |||||
Valuation allowance | 138,825,000 | 138,825,000 | 137,863,000 | ||
Net deferred tax asset | 630,040,000 | 630,040,000 | 673,045,000 | ||
Income tax expense | 43,503,000 | $ 64,212,000 | 89,817,000 | $ 114,691,000 | |
US | |||||
Income Taxes [Line Items] | |||||
Valuation allowance | 398,360,000 | 398,360,000 | 402,333,000 | ||
Net deferred tax asset | 270,943,000 | 270,943,000 | $ 277,992,000 | ||
Deferred Tax Assets | $ 669,000,000 | $ 669,000,000 |
Supplemental disclosure on th_3
Supplemental disclosure on the consolidated statments of cash flows - Non-cash activities (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Non-cash activities: | ||
Loans transferred to other real estate | $ 35,133 | $ 37,434 |
Loans transferred to other property | 34,497 | 25,836 |
Total loans transferred to foreclosed assets | 69,630 | 63,270 |
Loans transfered to other assets | 6,363 | 4,183 |
Financed sales of other real estate assets | 5,075 | 4,282 |
Financed sales of other foreclosed assets | 25,409 | 20,466 |
Total financed sales of foreclosed assets | 30,484 | 24,748 |
Financed sale of premises and equipment | 35,492 | 19,745 |
Transfers from premises and equipment to long-lived assets held-for-sale | 0 | 440 |
Transfers from loans held-in-portfolio to loans held-for-sale | 49,361 | 9,199 |
Transfers from loans held-for-sale to loans held-in-portfolio | 2,150 | 5,773 |
Loans securitized into investment securities | 24,359 | 258,998 |
Trades receivables from brokers and counterparties | 6,460 | 44,474 |
Trades payable to brokers and counterparties | 1,022 | 10,313 |
Receivables from investments maturities | 124,708 | 0 |
Recognition of mortgage servicing rights on securitizations or asset transfers | 1,240 | 5,032 |
Loans booked under the GNMA buy-back option | 1,165 | 5,544 |
Capitalization of right of use asset | $ 10,006 | $ 4,510 |
Supplemental disclosure on th_4
Supplemental disclosure on the consolidated statments of cash flows - Cash and due from banks, and restricted cash (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 |
Supplemental Cash Flow Information | ||||
Cash and due from banks | $ 450,125 | $ 476,768 | ||
Restricted cash and due from banks | 26,517 | 51,822 | ||
Restricted cash in money market investments | 6,058 | 6,787 | ||
Total cash and due from banks, and restricted cash | $ 482,700 | $ 476,159 | $ 535,377 | $ 434,512 |
Segment reporting - Results of
Segment reporting - Results of Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Segment Reporting Information [Line Items] | |||||
Net Interest income (expense) | $ 531,668 | $ 533,862 | $ 1,063,324 | $ 1,028,174 | |
Provision for credit losses (benefit) | 37,192 | 9,362 | 84,829 | (6,138) | |
Non-interest Income | 160,471 | 157,411 | 322,432 | 312,103 | |
Amortization of intangibles | 795 | 795 | 1,590 | 1,686 | |
Depreciation expense | 14,115 | 13,724 | 27,957 | 27,354 | |
Other operating expenses | 445,374 | 391,759 | 871,424 | 779,577 | |
Income tax expense (benefit) | 43,503 | 64,212 | 89,817 | 114,691 | |
Net income (loss) | 151,160 | 211,421 | 310,139 | 423,107 | |
Segment assets | 70,838,266 | 71,501,931 | 70,838,266 | 71,501,931 | $ 67,637,917 |
Reportable Segment | |||||
Segment Reporting Information [Line Items] | |||||
Net Interest income (expense) | 540,577 | 541,226 | 1,080,484 | 1,042,916 | |
Provision for credit losses (benefit) | 37,252 | 9,406 | 85,025 | (6,303) | |
Non-interest Income | 149,557 | 149,160 | 303,276 | 290,839 | |
Amortization of intangibles | 795 | 795 | 1,590 | 1,686 | |
Depreciation expense | 13,760 | 13,430 | 27,243 | 26,771 | |
Other operating expenses | 447,086 | 393,754 | 873,982 | 782,135 | |
Income tax expense (benefit) | 44,153 | 65,285 | 90,961 | 116,193 | |
Net income (loss) | 147,088 | 207,716 | 304,959 | 413,273 | |
Segment assets | 70,499,794 | 71,084,449 | 70,499,794 | 71,084,449 | 71,084,449 |
Intersegment Elimination | |||||
Segment Reporting Information [Line Items] | |||||
Net Interest income (expense) | 0 | 1 | 1 | 2 | |
Provision for credit losses (benefit) | 0 | 0 | 0 | 0 | |
Non-interest Income | (134) | (136) | (270) | (273) | |
Amortization of intangibles | 0 | 0 | 0 | 0 | |
Depreciation expense | 0 | 0 | 0 | 0 | |
Other operating expenses | (134) | (136) | (270) | (272) | |
Income tax expense (benefit) | 0 | 0 | 0 | 0 | |
Net income (loss) | 0 | 1 | 1 | 1 | |
Segment assets | (442,125) | (172,039) | (442,125) | (172,039) | (172,039) |
Corporate | |||||
Segment Reporting Information [Line Items] | |||||
Net Interest income (expense) | (8,909) | (7,364) | (17,160) | (14,742) | |
Provision for credit losses (benefit) | (60) | (44) | (196) | 165 | |
Non-interest Income | 13,012 | 11,567 | 22,726 | 25,832 | |
Amortization of intangibles | 0 | 0 | 0 | 0 | |
Depreciation expense | 355 | 294 | 714 | 583 | |
Other operating expenses | (556) | (547) | (326) | (103) | |
Income tax expense (benefit) | (289) | (335) | (610) | (667) | |
Net income (loss) | 4,653 | 4,835 | 5,984 | 11,112 | |
Segment assets | 5,844,554 | 5,456,518 | 5,844,554 | 5,456,518 | 5,456,518 |
Eliminations | |||||
Segment Reporting Information [Line Items] | |||||
Net Interest income (expense) | 0 | 0 | 0 | 0 | |
Provision for credit losses (benefit) | 0 | 0 | 0 | 0 | |
Non-interest Income | (2,098) | (3,316) | (3,570) | (4,568) | |
Amortization of intangibles | 0 | 0 | 0 | 0 | |
Depreciation expense | 0 | 0 | 0 | 0 | |
Other operating expenses | (1,156) | (1,448) | (2,232) | (2,455) | |
Income tax expense (benefit) | (361) | (738) | (534) | (835) | |
Net income (loss) | (581) | (1,130) | (804) | (1,278) | |
Segment assets | (5,506,082) | (5,039,036) | (5,506,082) | (5,039,036) | (5,039,036) |
Banco Popular de Puerto Rico | Reportable Segment | |||||
Segment Reporting Information [Line Items] | |||||
Net Interest income (expense) | 453,075 | 447,794 | 902,895 | 862,963 | |
Provision for credit losses (benefit) | 29,345 | 8,818 | 75,053 | (4,872) | |
Non-interest Income | 143,804 | 144,377 | 291,275 | 280,239 | |
Amortization of intangibles | 485 | 485 | 969 | 969 | |
Depreciation expense | 11,875 | 11,675 | 23,544 | 23,192 | |
Other operating expenses | 386,069 | 337,979 | 749,784 | 672,857 | |
Income tax expense (benefit) | 37,303 | 53,588 | 80,135 | 92,904 | |
Net income (loss) | 131,802 | 179,626 | 264,685 | 358,152 | |
Segment assets | 58,392,177 | 60,435,535 | 58,392,177 | 60,435,535 | 60,435,535 |
PB | Reportable Segment | |||||
Segment Reporting Information [Line Items] | |||||
Net Interest income (expense) | 87,502 | 93,431 | 177,588 | 179,951 | |
Provision for credit losses (benefit) | 7,907 | 588 | 9,972 | (1,431) | |
Non-interest Income | 5,887 | 4,919 | 12,271 | 10,873 | |
Amortization of intangibles | 310 | 310 | 621 | 717 | |
Depreciation expense | 1,885 | 1,755 | 3,699 | 3,579 | |
Other operating expenses | 61,151 | 55,911 | 124,468 | 109,550 | |
Income tax expense (benefit) | 6,850 | 11,697 | 10,826 | 23,289 | |
Net income (loss) | 15,286 | 28,089 | 40,273 | 55,120 | |
Segment assets | $ 12,549,742 | $ 10,820,953 | $ 12,549,742 | $ 10,820,953 | $ 10,820,953 |
Segment reporting - Geographic
Segment reporting - Geographic information (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Segment Reporting Information [Line Items] | ||||
Net Revenue | $ 692,139 | $ 691,273 | $ 1,385,756 | $ 1,340,277 |
PR | ||||
Segment Reporting Information [Line Items] | ||||
Net Revenue | 536,075 | 560,635 | 1,083,978 | 1,088,308 |
US | ||||
Segment Reporting Information [Line Items] | ||||
Net Revenue | 132,720 | 111,369 | 257,765 | 214,543 |
Other | ||||
Segment Reporting Information [Line Items] | ||||
Net Revenue | $ 23,344 | $ 19,269 | $ 44,013 | $ 37,426 |
Segment reporting - Selected Ba
Segment reporting - Selected Balance Sheet information (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 |
Segment Reporting Information [Line Items] | |||
Assets | $ 70,838,266 | $ 67,637,917 | $ 71,501,931 |
Deposits | 64,004,818 | 61,227,227 | |
Puerto Rico | |||
Segment Reporting Information [Line Items] | |||
Assets | 55,719,290 | 53,541,427 | |
Loans | 21,323,370 | 20,884,442 | |
Deposits | 53,166,029 | 51,138,790 | |
Popular U.S. | |||
Segment Reporting Information [Line Items] | |||
Assets | 13,907,471 | 12,718,775 | |
Loans | 11,215,440 | 10,643,964 | |
Deposits | 9,069,798 | 8,182,702 | |
Other | |||
Segment Reporting Information [Line Items] | |||
Assets | 1,211,505 | 1,377,715 | |
Loans | 547,533 | 554,744 | |
Deposits | $ 1,768,991 | $ 1,905,735 |
Segment Reporting - Additional
Segment Reporting - Additional Information (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) units | Jun. 30, 2022 USD ($) | Dec. 31, 2022 USD ($) | |
Segment Reporting Information | |||||
Number Of Operating Segments | units | 2 | ||||
Factors Used To Identify Entitys Reportable Segments | Banco Popular de Puerto Rico and Popular U.S. Management determined the reportable segments based on the internal reporting used to evaluate performance and to assess where to allocate resources. | ||||
Net Revenue | $ 692,139 | $ 691,273 | $ 1,385,756 | $ 1,340,277 | |
Assets | 70,838,266 | 71,501,931 | 70,838,266 | 71,501,931 | $ 67,637,917 |
US | |||||
Segment Reporting Information | |||||
Net Revenue | 132,720 | 111,369 | 257,765 | 214,543 | |
Assets | 13,907,471 | 13,907,471 | 12,718,775 | ||
Other | |||||
Segment Reporting Information | |||||
Net Revenue | 23,344 | 19,269 | 44,013 | 37,426 | |
Assets | 1,211,505 | 1,211,505 | 1,377,715 | ||
Banco Popular de Puerto Rico | |||||
Segment Reporting Information | |||||
Bank loan origination | 3,000 | $ 93,000 | 23,000 | 93,000 | |
Banco Popular de Puerto Rico | US | |||||
Segment Reporting Information | |||||
Net Revenue | 55,500 | 26,100 | |||
Assets | $ 1,400,000 | 1,400,000 | $ 1,200,000 | ||
Banco Popular de Puerto Rico | Other | |||||
Segment Reporting Information | |||||
Net Revenue | $ 22,700 | $ 22,300 |