Cover Page
Cover Page - shares | 3 Months Ended | |
Mar. 31, 2024 | May 08, 2024 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document quarterly report | true | |
Document Transition Report | false | |
Document Period End Date | Mar. 31, 2024 | |
Document Fiscal Year Focus | 2024 | |
Document Fiscal Period Focus | Q1 | |
Entity File Number | 001-34084 | |
Entity Registrant Name | POPULAR, INC. | |
Entity Incorporation State Country Code | PR | |
Entity Tax Identification Number | 66-0667416 | |
Entity Address Address Line 1 | Popular Center Building | |
Entity Address Address Line 2 | 209 Muñoz Rivera Avenue | |
Entity Address City Or Town | Hato Rey | |
Entity Address Country | PR | |
Entity Address Postal Zip Code | 00918 | |
City Area Code | 787 | |
Local Phone Number | 765-9800 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock Shares Outstanding | 72,271,778 | |
Entity Central Index Key | 0000763901 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Common Stock | ||
Entity Listings [Line Items] | ||
Security 12b Title | Common Stock ($0.01 par value) | |
Trading Symbol | BPOP | |
Security Exchange Name | NASDAQ | |
Cumulative Preferred Stock 6.125% | ||
Entity Listings [Line Items] | ||
Security 12b Title | 6.125% Cumulative Monthly Income Trust Preferred Securities | |
Trading Symbol | BPOPM | |
Security Exchange Name | NASDAQ |
CONSOLIDATED STATEMENTS OF COND
CONSOLIDATED STATEMENTS OF CONDITION - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Assets: | ||
Cash and due from banks | $ 320,486 | $ 420,462 |
Money market investments: | ||
Time deposits with other banks | 5,928,578 | 6,998,871 |
Total money market investments | 5,928,578 | 6,998,871 |
Trading account debt securities, at fair value: | ||
Other trading account debt securities | 27,308 | 31,568 |
Debt securities available-for-sale, at fair value: | ||
Pledged securities with creditors' right to repledge | 41,261 | 72,827 |
Other debt securities available-for-sale | 17,976,663 | 16,656,217 |
Debt securities available-for-sale | 18,017,924 | 16,729,044 |
Less - Allowance for credit losses | 500 | 0 |
Debt securities available-for-sale, net | 18,017,424 | 16,729,044 |
Debt securities held-to-maturity, at amortized cost: | ||
Pledged securities with creditors' right to repledge | 27,372 | 27,083 |
Other debt securities held-to-maturity | 8,055,788 | 8,167,252 |
Debt securities held-to-maturity (fair value 2024 - $7,958,326; 2023 - $8,159,385) | 8,083,160 | 8,194,335 |
Less - Allowance for credit losses | 5,731 | 5,780 |
Debt securities held-to-maturity, net | 8,077,429 | 8,188,555 |
Equity securities (realizable value 2024 - $196,324; 2023 - $194,641) | 195,747 | 193,726 |
Loans held-for-sale, at fair value | 5,352 | 4,301 |
Loans held-in-portfolio | 35,486,161 | 35,420,879 |
Less - Unearned income | 367,423 | 355,908 |
Allowance for credit losses | 739,544 | 729,341 |
Total loans held-in-portfolio, net | 34,379,194 | 34,335,630 |
Premises and equipment, net | 588,708 | 565,284 |
Other real estate | 80,542 | 80,416 |
Accrued income receivable | 266,908 | 263,433 |
Mortgage servicing rights, at fair value | 114,964 | 118,109 |
Other assets | 2,120,902 | 2,014,564 |
Goodwill | 804,428 | 804,428 |
Other intangible assets | 8,969 | 9,764 |
Total assets | 70,936,939 | 70,758,155 |
Deposits: | ||
Non-interest bearing | 15,492,050 | 15,419,624 |
Interest bearing | 48,316,734 | 48,198,619 |
Total deposits | 63,808,784 | 63,618,243 |
Assets sold under agreements to repurchase | 66,090 | 91,384 |
Notes payable | 966,303 | 986,948 |
Other liabilities | 918,448 | 914,627 |
Total liabilities | 65,759,625 | 65,611,202 |
Commitments and contingencies | ||
Stockholders' equity: | ||
Preferred stock, 30,000,000 shares authorized; 885,726 shares issued and outstanding (2023 - 885,726) | 22,143 | 22,143 |
Common stock, $0.01 par value; 170,000,000 shares authorized;104,790,485 shares issued (2023 - 104,767,348) and 72,284,875 shares outstanding (2023 - 72,153,621) | 1,048 | 1,048 |
Surplus | 4,847,466 | 4,843,399 |
Retained earnings | 4,253,030 | 4,194,851 |
Treasury stock - at cost, 32,505,610 shares (2023 - 32,613,727) | (2,013,187) | (2,018,957) |
Accumulated other comprehensive loss, net of tax | (1,933,186) | (1,895,531) |
Total stockholders' equity | 5,177,314 | 5,146,953 |
Total liabilities and stockholders' equity | $ 70,936,939 | $ 70,758,155 |
CONSOLIDATED STATEMENTS OF CO_2
CONSOLIDATED STATEMENTS OF CONDITION (PARENTHETICAL) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Statement of Financial Position [Abstract] | ||
Held to maturity securities fair value | $ 7,958,326 | $ 8,159,385 |
Realizable Value Of Equity Securities | $ 196,324 | $ 194,641 |
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 | 104,790,485 | 104,767,348 |
Common Stock Shares Outstanding | 72,284,875 | 72,153,621 |
Treasury stock | 32,505,610 | 32,613,727 |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Interest income: | ||
Loans | $ 638,730 | $ 541,210 |
Money market investments | 88,516 | 65,724 |
Investment securities | 166,895 | 132,088 |
Total interest income | 894,141 | 739,022 |
Interest expense: | ||
Deposits | 329,496 | 193,215 |
Short-term borrowings | 1,192 | 2,885 |
Long-term debt | 12,709 | 11,266 |
Total interest expense | 343,397 | 207,366 |
Net interest income | 550,744 | 531,656 |
Provision for credit losses | 72,598 | 47,637 |
Net interest income after provision for credit losses | 478,146 | 484,019 |
Mortgage banking activities | 4,360 | 7,400 |
Net gain, including impairment on equity securities | 1,103 | 1,100 |
Net gain on trading account debt securities | 361 | 378 |
Adjustments to indemnity reserves on loans sold | (237) | 612 |
Other operating income | 26,517 | 27,717 |
Total non-interest income | 163,818 | 161,961 |
Operating expenses: | ||
Personnel costs | 215,377 | 198,760 |
Net occupancy expenses | 28,041 | 26,039 |
Equipment expenses | 9,567 | 8,412 |
Other taxes | 14,375 | 16,291 |
Professional fees | 28,918 | 33,431 |
Technology and software expenses | 79,462 | 68,559 |
Processing and transactional services | 34,194 | 33,909 |
Communications | 4,557 | 4,088 |
Business promotion | 20,989 | 18,871 |
Deposit insurance | 23,887 | 8,865 |
Other real estate owned (OREO) income | (5,321) | (1,694) |
Other operating expenses | 28,272 | 24,361 |
Amortization of intangibles | 795 | 795 |
Total operating expenses | 483,113 | 440,687 |
Income before income tax | 158,851 | 205,293 |
Income tax expense | 55,568 | 46,314 |
Net Income | 103,283 | 158,979 |
Net Income Applicable to Common Stock | $ 102,930 | $ 158,626 |
Net Income per Common Share - Basic | $ 1.43 | $ 2.22 |
Net Income per Common Share - Diluted | $ 1.43 | $ 2.22 |
Service charges on deposit accounts | ||
Interest expense: | ||
Revenue from contract with customer | $ 37,442 | $ 34,678 |
Other service fees | ||
Interest expense: | ||
Revenue from contract with customer | $ 94,272 | $ 90,076 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Statement of Income and Comprehensive Income | ||
Net income | $ 103,283 | $ 158,979 |
Other comprehensive (loss) income before tax: | ||
Foreign currency translation adjustment | (4,020) | (5,245) |
Amortization of net losses of pension and postretirement benefit plans | 3,618 | 4,813 |
Unrealized holding (losses) gains on debt securities arising during the period | (73,030) | 213,318 |
Amortization of unrealized losses of debt securities transfer from available-for-sale to held-to-maturity | 44,009 | 42,040 |
Unrealized net gains (losses) on cash flow hedges | 0 | (30) |
Reclassification adjustment for net gains included in net income | 0 | (41) |
Other comprehensive (loss) income before tax | (29,423) | 254,855 |
Income tax expense | (8,232) | (31,752) |
Total other comprehensive (loss) income, net of tax | (37,655) | 223,103 |
Comprehensive income, net of tax | $ 65,628 | $ 382,082 |
TAX EFFECT ALLOCATED TO EACH CO
TAX EFFECT ALLOCATED TO EACH COMPONENT OF OTHER COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Statement of Income and Comprehensive Income | ||
Amortization of net losses of pension and postretirement benefit plans | $ (1,356) | $ (1,805) |
Unrealized holding (losses) gains on debt securities arising during the period | 1,926 | (21,566) |
Amortization of unrealized losses of debt securities transfer from available-for-sale to held-to-maturity | (8,802) | (8,407) |
Unrealized net gains (losses) on cash flow hedges | 0 | 11 |
Reclassification adjustment for net gains included in net income | 0 | 15 |
Income tax expense | $ (8,232) | $ (31,752) |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Cumulative effect adoption adjustment | Common Stock | Preferred Stock | Surplus | Retained earnings | Retained earnings Cumulative effect adoption adjustment | Treasury stock | Accumulated other comprehensive (loss) income | |
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 | 158,979 | 158,979 | ||||||||
Issuance of stock | 1,567 | 1,567 | ||||||||
Dividends declared: | ||||||||||
Common stock | [1] | (39,586) | (39,586) | |||||||
Preferred stock | (353) | (353) | ||||||||
Common stock purchases | (2,970) | (2,970) | ||||||||
Stock based compensation | 7,808 | 59 | 7,749 | |||||||
Other comprehensive loss, net of tax | 223,103 | 223,103 | ||||||||
Ending balance at Mar. 31, 2023 | 4,470,725 | 1,047 | 22,143 | 4,792,619 | 3,982,140 | (2,025,399) | (2,301,825) | |||
Beginning balance at Dec. 31, 2023 | 5,146,953 | 1,048 | 22,143 | 4,843,399 | 4,194,851 | (2,018,957) | (1,895,531) | |||
Increase Decrease In Stockholders Equity | ||||||||||
Net income | 103,283 | 103,283 | ||||||||
Issuance of stock | 1,799 | 1,799 | ||||||||
Dividends declared: | ||||||||||
Common stock | [1] | (44,751) | (44,751) | |||||||
Preferred stock | (353) | (353) | ||||||||
Common stock purchases | (3,576) | (3,576) | ||||||||
Stock based compensation | 11,614 | 2,268 | 9,346 | |||||||
Other comprehensive loss, net of tax | (37,655) | (37,655) | ||||||||
Ending balance at Mar. 31, 2024 | $ 5,177,314 | $ 1,048 | $ 22,143 | $ 4,847,466 | $ 4,253,030 | $ (2,013,187) | $ (1,933,186) | |||
[1] Dividends declared per common share during the quarter 0.62 0.55 ). |
CONSOLIDATED STATEMENTS OF CH_2
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Dividends Declared per Common Share | $ 0.62 | $ 0.55 |
DISCLOSURE OF CHANGES IN NUMBER
DISCLOSURE OF CHANGES IN NUMBER OF SHARES - shares | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Preferred Stock: | ||
Preferred stock - Balance at beginning of year | 885,726 | 885,726 |
Preferred stock - Balance at ending of year | 885,726 | 885,726 |
Common Stock - Issued: | ||
Common stock - balance at beginning of year | 104,767,348 | 104,657,522 |
Issuance of stock | 23,137 | 25,488 |
Common stock - balance at end of year | 104,790,485 | 104,683,010 |
Treasury stock | (32,505,610) | (32,717,026) |
Common stock shares outstanding | 72,284,875 | 71,965,984 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Cash flows from operating activities: | ||
Net income | $ 103,283,000 | $ 158,979,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for credit losses | 72,598,000 | 47,637,000 |
Amortization of intangibles | 795,000 | 795,000 |
Depreciation and amortization of premises and equipment | 15,361,000 | 13,842,000 |
Net accretion of discounts and amortization of premiums and deferred fees | (51,360,000) | (2,276,000) |
Interest capitalized on loans subject to the temporary payment moratorium or loss mitigation alternatives | (1,641,000) | (2,876,000) |
Share-based compensation | 11,479,000 | 7,873,000 |
Fair value adjustments on mortgage servicing rights | 3,439,000 | 1,376,000 |
Adjustments to indemnity reserves on loans sold | 237,000 | (612,000) |
Earnings from investments under the equity method, net of dividends or distributions | (11,792,000) | (8,621,000) |
Deferred income tax expense (benefit) | 9,513,000 | (2,064,000) |
Gain on: | ||
Disposition of premises and equipment and other productive assets | (3,412,000) | (2,423,000) |
Sale of loans, including valuation adjustments on loans held-for-sale and mortgage banking activities | (74,000) | (264,000) |
Sale of foreclosed assets, including write-downs | (4,447,000) | (5,228,000) |
Acquisitions of loans held-for-sale | (324,000) | (2,861,000) |
Proceeds from sale of loans held-for-sale | 8,283,000 | 9,148,000 |
Net originations on loans held-for-sale | (11,056,000) | (21,790,000) |
Net decrease (increase) in: | ||
Trading debt securities | 6,465,000 | (1,055,000) |
Equity securities | (1,995,000) | (3,731,000) |
Accrued income receivable | (22,719,000) | 314,000 |
Other assets | 38,702,000 | 25,072,000 |
Net increase (decrease) in: | ||
Interest payable | (10,799,000) | (2,846,000) |
Pension and other postretirement benefits obligation | 916,000 | 4,038,000 |
Other liabilities | 10,111,000 | (59,381,000) |
Total adjustments | 58,280,000 | (5,933,000) |
Net cash provided by operating activities | 161,563,000 | 153,046,000 |
Cash flows from investing activities: | ||
Net decrease (increase) in money market investments | 1,070,973,000 | (483,178,000) |
Purchases of investment securities: | ||
Available-for-sale | (8,161,525,000) | (3,960,443,000) |
Equity | (971,000) | (11,927,000) |
Proceeds from calls, paydowns, maturities and redemptions of investment securities: | ||
Available-for-sale | 6,728,665,000 | 4,909,334,000 |
Held-to-maturity | 154,009,000 | 3,818,000 |
Proceeds from sale of investment securities: | ||
Available-for-sale | 0 | 0 |
Equity | 945,000 | 25,595,000 |
Net repayments (disbursements) on loans | 2,354,000 | (155,538,000) |
Proceeds from sale of loans | 15,356,000 | 3,276,000 |
Acquisition of loan portfolios | (141,730,000) | (145,735,000) |
Return of capital from equity method investments | 0 | 249,000 |
Acquisition of premises and equipment and other productive assets | (53,889,000) | (36,062,000) |
Proceeds from sale of: | ||
Premises and equipment and other productive assets | 1,632,000 | 1,972,000 |
Foreclosed assets | 26,773,000 | 21,417,000 |
Net cash (used in) provided by investing activities | (357,408,000) | 172,778,000 |
Net increase (decrease) in: | ||
Deposits | 190,477,000 | (293,780,000) |
Assets sold under agreements to repurchase | (25,294,000) | (25,110,000) |
Other short-term borrowings | 0 | (365,000,000) |
Payment of notes payable | (21,000,000) | (1,000,000) |
Principal payments of finance leases | (881,000) | (804,000) |
Proceeds from issuance of notes payable | 0 | 394,178,000 |
Proceeds from issuance of common stock | 1,799,000 | 1,567,000 |
Dividends paid | (44,976,000) | (39,878,000) |
Net payments for repurchase of common stock | (314,000) | (282,000) |
Payments related to tax witholding for share-based compensation | (3,262,000) | (2,688,000) |
Net cash provided by (used in) financing activities | 96,549,000 | (332,797,000) |
Net decrease in cash and due from banks, and restricted cash | (99,296,000) | (6,973,000) |
Cash and due from banks and restricted cash at beginning of period | 427,575,000 | 476,159,000 |
Cash and due from banks and restricted cash at end of period | $ 328,279,000 | $ 469,186,000 |
Nature of Operations
Nature of Operations | 3 Months Ended |
Mar. 31, 2024 | |
Nature of operation [Abstract] | |
Nature of operations | Note 1 – Nature of Operations Popular, and mainland United and investment subsidiaries. In leasing branches located in New York, New Jersey, and Florida. |
Basis of presentation
Basis of presentation | 3 Months Ended |
Mar. 31, 2024 | |
Basis of presentation [Abstract] | |
Basis of presentation | Note 2 – Basis of Presentation Basis of Presentation The (unaudited) interim Consolidated Financial Statements are, in the opinion of management, a fair statement of the results periods reported consolidated statement of financial Statements of the Corporation for the year ended Certain prepared in condensed or omitted from the unaudited financial statements pursuant Commission. Statements of interim periods disclosed herein are not necessarily Tax impact on Intercompany Distributions The net 22.9 16.5 income tax expense and $ 6.4 the Corporation’s U.S. subsidiary’s non-payment of taxes on certain intercompany distributions in Puerto have been recognized of $ 5.5 5.4 5.6 the years prior to 2022. The $ 6.4 on the related late payment of the withholding tax, of which approximately $ 3.0 of 53.7 million. The issued December 31, 2024. Use of Estimates in the Preparation of Financial Statements The preparation of financial requires management to make assets reporting period. Actual results could differ from those estimates. |
New accounting pronouncements
New accounting pronouncements | 3 Months Ended |
Mar. 31, 2024 | |
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 2023-02, Investments—Equity Method and Joint Ventures (Topic 323) - Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method The ("FASB") Update ("ASU") 2023-02 in March 2023, which Codification ("ASC") Topic 323 by permitting the election to apply the proportional amortization method to account for tax equity investments that generate income tax credits through investment in low-income-housing tax credit (LIHTC) structures and other tax credit programs if certain conditions are met. The ASU also eliminates the application of the ASC Subtopic 323-740 to LIHTC investments not accounted for using the proportional amortization method and instead requires the use of other guidance. January 1, 2024 The the not investments. FASB ASU 2023-01, Leases (Topic 842) - Common Control Arrangements The FASB issued ASU 2023-01 in March 2023, which amends ASC Topic 842 and requires the amortization leasehold improvements associated with common control leases over the useful life of the leasehold improvements to the common control group as long as the lessee controls the use of the underlying assets through a lease. In addition, the ASU requires companies to account for leasehold improvements associated with common control leases as a transfer between entities under common control through an adjustments to equity if, and when, the lessee no longer controls the use underlying asset. January 1, 2024 The the not improvements, however, it this amortization treatment associated with common control acquired on or after the effective date. FASB ASU 2022-03, Fair Value Measurement (Topic 820) - Fair Value Measurement of Equity Securities Subject to Contractual Sale Restriction The FASB issued ASU 2022-03 in June 2022, which clarifies that a contractual restriction that prohibits the sale of an equity security is not considered part of the unit of account of the equity security, therefore, is not considered in measuring its fair value. The ASU also provides enhanced disclosures for equity securities subject to a contractual sale restriction. January 1, 2024 The the pronouncement equity securities measured at with sale restrictions. Accounting Standards Updates Not Yet Adopted Standard Description Date of adoption Effect on the financial statements FASB ASU 2024-02, Codification Improvements— Amendments to Remove References to the Concepts Statements The 2024, which concept Accounting ASU and and authoritative guidance. January 1, 2025 The Corporation any guidance statements disclosures. FASB ASU 2024-01, Compensation - Stock Compensation (Topic 718) - Scope Application of Profits Interest and Similar Awards The FASB issued ASU 2024-01 in March 2024, which amends ASC Topic 718 by including an illustrative example to demonstrate how an entity would apply the scope guidance in paragraph 718-10-15-3 to determine whether profits interest awards should be accounted for in accordance with ASC reduce complexity and diversity in practice. January 1, 2025 The Corporation any guidance statements disclosures. FASB ASU 2023-09, Income Tax ( Topic Improvements to Income Tax Disclosures The December 2023, 740 rate disclosure of loss) income expense and foreign level. Disclosures that no longer were considered were removed from ASC Topic 740. January 1, 2025 The Corporation any guidance statements disclosures. FASB ASU 2023-08, Intangibles - Goodwill and Other - Crypto Assets (Subtopic 350-60) - Accounting for and Disclosure of Crypto Assets The December Subtopic assets statement reporting remeasurement income. disclosures reporting relevant information the individual crypto asset holdings. January 1, 2025 The Corporation does not expect to be impacted by the adoption of this ASU since it its platform users. FASB ASU 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures The November 2023, 280 about significant segment expenses. For fiscal years beginning on January 1, 2024 For interim periods within fiscal years beginning after January 1, 2025 The Corporation any guidance statements disclosures. Accounting Standards Updates Not Yet Adopted Standard Description Date of adoption Effect on the financial statements FASB ASU 2023-06, Disclosure Improvements - Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative The FASB 2023 presentation subtopics purpose requirements Regulation S-X and S-K. The date on which the SEC removes related disclosure requirements from Regulation S-X or Regulation S-K. If by June 30, 2027, the SEC has not removed the applicable requirements from Regulation S-X or Regulation S-K, the pending content of the related amendment will be removed from the Codification and will not become effective for any entity. The Corporation impacted since current requirements under Regulation S-X and S-K. FASB ASU 2023-05, Business Combinations - Joint Venture Formations (Subtopic 805-60) - Recognition and initial measurement The 2023, which to include specific ventures measure assumed. joint venture, upon formation, recognize and initially fair value. January 1, 2025 Upon Corporation will for liabilities ventures. |
Restrictions on cash and due fr
Restrictions on cash and due from banks and certain securities | 3 Months Ended |
Mar. 31, 2024 | |
Restricted cash and investment [Abstract] | |
Restricted On Cash And Due From Banks And Certain Securities | Note 4 - Restrictions on cash and due from BPPR is “Fed”) or other banks. 2.8 $ 2.7 balances. At March 31, 61 debt 78 securities available for sale and equity securities consist primarily of assets and fund deposits guaranteeing possible liens or encumbrances |
Debt securities available-for-s
Debt securities available-for-sale | 3 Months Ended |
Mar. 31, 2024 | |
Debt securities available-for-sale | |
Schedule of Available-for-sale Securities [Line Items] | |
Investments in debt and marketable equity securities | Note 5 – Debt securities available-for-sale The following tables present and contractual maturities of debt securities available-for-sale At March 31, 2024 Allowance Gross Gross Weighted Amortized for credit unrealized unrealized Fair average (In thousands) cost losses gains losses value yield U.S. Treasury securities Within 1 year $ 9,394,716 $ - 68 $ 60,864 $ 9,333,920 3.90 % After 1 to 5 years 2,825,336 - - 140,775 2,684,561 1.32 After 5 to 10 years 307,174 - - 36,444 270,730 1.63 Total U.S. Treasury 12,527,226 - 68 238,083 12,289,211 3.26 Collateralized mortgage obligations - federal agencies After 1 to 5 years 15,883 - - 813 15,070 1.54 After 5 to 10 years 19,189 - - 1,337 17,852 2.29 After 10 years 104,671 - 21 10,006 94,686 2.55 Total collateralized 139,743 - 21 12,156 127,608 2.40 Mortgage-backed securities - federal agencies Within 1 year 457 - - 5 452 2.06 After 1 to 5 years 78,628 - 6 3,683 74,951 2.36 After 5 to 10 years 817,332 - 181 56,576 760,937 2.33 After 10 years 5,897,090 - 449 1,135,279 4,762,260 1.65 Total mortgage-backed 6,793,507 - 636 1,195,543 5,598,600 1.74 Other Within 1 year 1,005 500 - - 505 4.00 After 1 to 5 years 1,500 - - - 1,500 8.50 Total other 2,505 500 - - 2,005 6.69 Total debt securities [1] $ 19,462,981 $ 500 725 $ 1,445,782 $ 18,017,424 2.72 % [1] 11.8 agreements that the secured parties are not permitted 11 .0 billion serve as collateral for public funds. Corporation had unpledged Available for Sale securities 6.2 At December 31, 2023 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 7,103,518 $ 526 $ 59,415 $ 7,044,629 3.51 % After 1 to 5 years 3,598,209 84 170,209 3,428,084 1.35 After 5 to 10 years 307,512 - 33,164 274,348 1.63 Total U.S. Treasury 11,009,239 610 262,788 10,747,061 2.75 Collateralized mortgage obligations - federal agencies After 1 to 5 years 17,899 - 838 17,061 1.55 After 5 to 10 years 20,503 2 1,321 19,184 2.28 After 10 years 108,280 29 9,868 98,441 2.54 Total collateralized 146,682 31 12,027 134,686 2.38 Mortgage-backed securities - federal agencies Within 1 year 637 - 3 634 3.72 After 1 to 5 years 82,310 11 3,536 78,785 2.34 After 5 to 10 years 792,431 75 48,250 744,256 2.28 After 10 years 6,067,353 667 1,046,909 5,021,111 1.64 Total mortgage-backed 6,942,731 753 1,098,698 5,844,786 1.72 Other Within 1 year 1,011 - - 1,011 4.00 After 1 to 5 years 1,500 - - 1,500 8.50 Total other 2,511 - - 2,511 6.69 Total debt securities [1] $ 18,101,163 $ 1,394 $ 1,373,513 $ 16,729,044 2.35 % [1] Includes $ 12 servicing agreements that the secured parties are not permitted 11.1 public funds. The Corporation had unpledged Available 4.6 borrowing facilities. The weighted changes in fair value. Debt obligations, are classified mortgage-backed securities and certain other securities may prepayments or may be called by the issuer. At March 31, 2024, the Corporation did not intend securities classified as available-for-sale. There were no The aggregated by investment category and length of March 31, 2024 and December 31, 2023. At March 31, 2024 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 $ 4,845,109 $ 3,713 $ 5,809,606 $ 234,370 $ 10,654,715 $ 238,083 Collateralized mortgage obligations - federal agencies 2,127 2 123,238 12,154 125,365 12,156 Mortgage-backed securities 45,988 428 5,523,133 1,195,115 5,569,121 1,195,543 Total debt securities $ 4,893,224 $ 4,143 $ 11,455,977 $ 1,441,639 $ 16,349,201 $ 1,445,782 At December 31, 2023 Less than 12 months 12 months or more Total Gross Gross Gross Fair Fair Fair (In thousands) value losses value losses value losses U.S. Treasury securities $ 244,925 $ 5,126 $ 6,550,941 $ 257,662 $ 6,795,866 $ 262,788 Collateralized mortgage obligations - federal agencies 5,234 35 124,930 11,992 130,164 12,027 Mortgage-backed securities 37,118 405 5,779,260 1,098,293 5,816,378 1,098,698 Total debt securities $ 287,277 $ 5,566 $ 12,455,131 $ 1,367,947 $ 12,742,408 $ 1,373,513 As of March 31, 2024, the 1.4 by environment. Government, its Home Loan Mortgage Corporation (“FHLMC”) and Government National Mortgage Association (“GNMA”). As discussed in Note 2 of the 2023 rating agencies, and have a long history of |
Debt securities held-to-maturit
Debt securities held-to-maturity | 3 Months Ended |
Mar. 31, 2024 | |
Held To Maturity Debt Securities | |
Schedule of Held-to-maturity Securities [Line Items] | |
Investments in debt and marketable equity securities | Note 6 –Debt securities held-to-maturity The following value, weighted 2023. At March 31, 2024 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 $ 597,620 $ 597,620 $ - $ 597,620 $ - $ 7,857 $ 589,763 2.61 % After 1 to 5 years 8,030,813 7,416,332 - 7,416,332 - 111,295 7,305,037 1.37 Total U.S. Treasury 8,628,433 8,013,952 - 8,013,952 - 119,152 7,894,800 1.46 Obligations of Puerto Rico, States and political subdivisions Within 1 year 3,055 3,055 11 3,044 7 6 3,045 6.23 After 1 to 5 years 18,615 18,615 135 18,480 68 130 18,418 3.60 After 5 to 10 years 845 845 28 817 28 - 845 5.80 After 10 years 39,197 39,197 5,557 33,640 2,890 2,636 33,894 1.42 Total obligations of political subdivisions 61,712 61,712 5,731 55,981 2,993 2,772 56,202 2.38 Collateralized mortgage obligations - federal agencies After 10 years 1,536 1,536 - 1,536 - 172 1,364 2.87 Total collateralized federal agencies 1,536 1,536 - 1,536 - 172 1,364 2.87 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 $ 8,697,641 $ 8,083,160 $ 5,731 $ 8,077,429 $ 2,993 $ 122,096 $ 7,958,326 1.47 % [1] Book value includes $ 614 certain securities previously transferred from available-for-sale [2] Includes $ 8 .0 billion pledged to secure public and trust deposits Corporation had unpledged held-to-maturities securities with 69.3 At December 31, 2023 Allowance Carrying Value Gross Gross Weighted Amortized Book [1] for Credit Net of unrealized unrealized Fair average (In thousands) cost Value Losses Allowance gains losses value yield U.S. Treasury securities Within 1 year $ 597,768 $ 597,768 $ - $ 597,768 $ - $ 7,526 $ 590,242 2.58 % After 1 to 5 years 7,971,072 7,335,159 - 7,335,159 637 21,996 7,313,800 1.39 After 5 to 10 years 211,061 188,484 - 188,484 - 187 188,297 1.50 Total U.S. Treasury 8,779,901 8,121,411 - 8,121,411 637 29,709 8,092,339 1.47 Obligations of Puerto Rico, States and political subdivisions ` Within 1 year 4,820 4,820 9 4,811 3 - 4,814 6.17 % After 1 to 5 years 20,171 20,171 147 20,024 96 125 19,995 3.80 After 5 to 10 years 845 845 28 817 28 - 845 5.80 After 10 years 39,572 39,572 5,596 33,976 2,814 2,766 34,024 1.41 Total obligations of political subdivisions 65,408 65,408 5,780 59,628 2,941 2,891 59,678 2.55 Collateralized mortgage obligations - federal agencies Within 1 year 13 13 - 13 - - 13 6.44 After 10 years 1,543 1,543 - 1,543 - 148 1,395 2.87 Total collateralized federal agencies 1,556 1,556 - 1,556 - 148 1,408 2.90 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 $ 8,852,825 $ 8,194,335 $ 5,780 $ 8,188,555 $ 3,578 $ 32,748 $ 8,159,385 1.48 % [1] Book value includes $ 658 securities transferred from available-for-sale securities 10-K. [2] Includes $ 8.1 Corporation had unpledged held-to-maturities securities with 67.3 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 indicators by major security the allowance for credit losses for investment securities As highly rated by major rating loss assumption and no allowance for credit losses At March 31, 2024 maturity, includes $ 16 from 19 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 March 31, 2024 At December 31, 2023 (In thousands) Securities issued by Puerto Rico municipalities Watch $ 2,255 $ 2,255 Pass 13,265 16,565 Total $ 15,520 $ 18,820 At 39 securities source of payment is second mortgage loans in Puerto Rico residential a guarantee 40 securities are not rated by a credit rating agency. The representative comprised 68 % 708 67 % 708 , respectively, at for associated with this portfolio. A deterioration of (including if any affect the value of these securities, resulting in losses to Refer to to the for additional Rico Government. At includes 7 Corporation applies a zero -credit loss assumption for that U.S. Treasury have a long history of no credit losses. Refer Delinquency status At March 31, 2024 and December 31, 2023, there were no Allowance for credit losses on debt securities held-to-maturity The following table provides the at March 31, 2024 and March 31, 2023: For the quarters ended March 31, 2024 2023 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 5,780 $ 6,911 Provision for credit losses (benefit) (49) (119) Securities charged-off - - Recoveries - - Ending balance $ 5,731 $ 6,792 The 0.2 securities issued by municipalities of 5.6 second mortgage loans on 0.2 5.6 31, 2023). |
Loans
Loans | 3 Months Ended |
Mar. 31, 2024 | |
Receivables | |
Loans | Note 7 – Loans For Summary of Significant Accounting Policies of the 2023 During the 86 million, 56 76 consumer loans of $ 27 45 The Corporation 11 12 commercial and construction loans 10 loans 2 securitized approximately $ 1 1 FNMA mortgage-backed securities, compared to $ 1 10 Delinquency status The following tables present the and by loan class including those that are in non-performing status or that are accruing March 31, 2024 and December 31, 2023. March 31, 2024 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 $ 19,384 $ 2,027 $ 106 $ 21,517 $ 282,134 $ 303,651 $ 106 $ - Commercial real estate: Non-owner occupied 2,378 3,278 7,922 13,578 2,982,907 2,996,485 7,922 - Owner occupied 6,628 432 26,124 33,184 1,392,908 1,426,092 26,124 - Commercial and industrial 3,020 8,552 33,741 45,313 4,699,810 4,745,123 29,171 4,570 Construction - - - - 162,724 162,724 - - Mortgage 254,008 107,224 385,062 746,294 5,737,257 6,483,551 166,473 218,589 Leasing 19,936 4,752 7,267 31,955 1,733,458 1,765,413 7,267 - Consumer: Credit cards 13,034 9,528 23,858 46,420 1,095,716 1,142,136 - 23,858 Home equity lines of credit - 226 7 233 2,336 2,569 - 7 Personal 19,822 12,169 19,092 51,083 1,695,410 1,746,493 19,092 - Auto 82,957 18,420 41,807 143,184 3,563,670 3,706,854 41,807 - Other 1,022 150 939 2,111 151,567 153,678 632 307 Total $ 422,189 $ 166,758 $ 545,925 $ 1,134,872 $ 23,499,897 $ 24,634,769 $ 298,594 $ 247,331 March 31, 2024 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 $ 3,434 $ - $ 8,700 $ 12,134 $ 2,068,850 $ 2,080,984 $ 8,700 $ - Commercial real estate: Non-owner occupied 740 1,364 2,407 4,511 2,056,063 2,060,574 2,407 - Owner occupied 6,107 19,009 3,877 28,993 1,662,759 1,691,752 3,877 - Commercial and industrial 9,961 628 6,634 17,223 2,263,137 2,280,360 6,423 211 Construction 8,825 - - 8,825 837,754 846,579 - - Mortgage 25,558 533 28,071 54,162 1,245,949 1,300,111 28,071 - Consumer: Credit cards - - - - 17 17 - - Home equity lines of credit 846 390 3,986 5,222 58,926 64,148 3,986 - Personal 2,142 1,695 2,068 5,905 144,612 150,517 2,068 - Other - - 1 1 8,926 8,927 1 - Total $ 57,613 $ 23,619 $ 55,744 $ 136,976 $ 10,346,993 $ 10,483,969 $ 55,533 $ 211 March 31, 2024 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 $ 22,818 $ 2,027 $ 8,806 $ 33,651 $ 2,350,984 $ 2,384,635 $ 8,806 $ - Commercial real estate: Non-owner occupied 3,118 4,642 10,329 18,089 5,038,970 5,057,059 10,329 - Owner occupied 12,735 19,441 30,001 62,177 3,055,667 3,117,844 30,001 - Commercial and industrial 12,981 9,180 40,375 62,536 6,962,947 7,025,483 35,594 4,781 Construction 8,825 - - 8,825 1,000,478 1,009,303 - - Mortgage [1] 279,566 107,757 413,133 800,456 6,983,206 7,783,662 194,544 218,589 Leasing 19,936 4,752 7,267 31,955 1,733,458 1,765,413 7,267 - Consumer: Credit cards 13,034 9,528 23,858 46,420 1,095,733 1,142,153 - 23,858 Home equity lines of credit 846 616 3,993 5,455 61,262 66,717 3,986 7 Personal 21,964 13,864 21,160 56,988 1,840,022 1,897,010 21,160 - Auto 82,957 18,420 41,807 143,184 3,563,670 3,706,854 41,807 - Other 1,022 150 940 2,112 160,493 162,605 633 307 Total $ 479,802 $ 190,377 $ 601,669 $ 1,271,848 $ 33,846,890 $ 35,118,738 $ 354,127 $ 247,542 [1] It is the Corporation’s policy to report delinquent residential the U.S. Department of Veterans Affairs repayment is insured. 93 longer accruing interest as of March 31, 2024. Furthermore, as 37 mortgage loans which are guaranteed by FHA, but which Corporation’s policy to exclude these balances from [2] Loans held-in-portfolio are net of $ 367 5 [3] Includes $ 14 of which $ 7.0 7 Bank ("FRB") for discount window borrowings. As of discount window of Federal Reserve Bank of New York 3.8 4.6 December 31, 2023 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 $ 524 $ - $ 1,991 $ 2,515 $ 289,427 $ 291,942 $ 1,991 $ - Commercial real estate: Non-owner occupied 5,510 77 8,745 14,332 2,990,922 3,005,254 8,745 - Owner occupied 2,726 249 29,430 32,405 1,365,978 1,398,383 29,430 - Commercial and industrial 6,998 3,352 36,210 46,560 4,749,666 4,796,226 32,826 3,384 Construction - - 6,378 6,378 163,479 169,857 6,378 - Mortgage 260,897 114,282 416,528 791,707 5,600,117 6,391,824 175,106 241,422 Leasing 20,140 6,719 8,632 35,491 1,696,318 1,731,809 8,632 - Consumer: Credit cards 13,243 9,912 23,281 46,436 1,089,292 1,135,728 - 23,281 Home equity lines of credit 230 - 26 256 2,392 2,648 - 26 Personal 19,065 14,611 19,031 52,707 1,723,603 1,776,310 19,031 - Auto 100,061 27,443 45,615 173,119 3,487,661 3,660,780 45,615 - Other 1,641 204 1,213 3,058 147,104 150,162 964 249 Total $ 431,035 $ 176,849 $ 597,080 $ 1,204,964 $ 23,305,959 $ 24,510,923 $ 328,718 $ 268,362 December 31, 2023 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) or more past due Current Loans HIP loans loans Commercial multi-family $ 9,141 $ 2,001 $ - $ 11,142 $ 2,112,536 $ 2,123,678 $ - $ - Commercial real estate: Non-owner occupied 566 1,036 1,117 2,719 2,079,448 2,082,167 1,117 - Owner occupied 30,560 - 6,274 36,834 1,645,418 1,682,252 6,274 - Commercial and industrial 7,815 697 3,881 12,393 2,317,502 2,329,895 3,772 109 Construction - - - - 789,423 789,423 - - Mortgage 48,818 7,821 11,191 67,830 1,236,263 1,304,093 11,191 - Consumer: Credit cards - - - - 19 19 - - Home equity lines of credit 1,472 4 3,733 5,209 58,096 63,305 3,733 - Personal 2,222 1,948 2,805 6,975 161,962 168,937 2,805 - Other 4 - 1 5 10,274 10,279 1 - Total $ 100,598 $ 13,507 $ 29,002 $ 143,107 $ 10,410,941 $ 10,554,048 $ 28,893 $ 109 December 31, 2023 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 $ 9,665 $ 2,001 $ 1,991 $ 13,657 $ 2,401,963 $ 2,415,620 $ 1,991 $ - Commercial real estate: Non-owner occupied 6,076 1,113 9,862 17,051 5,070,370 5,087,421 9,862 - Owner occupied 33,286 249 35,704 69,239 3,011,396 3,080,635 35,704 - Commercial and industrial 14,813 4,049 40,091 58,953 7,067,168 7,126,121 36,598 3,493 Construction - - 6,378 6,378 952,902 959,280 6,378 - Mortgage [1] 309,715 122,103 427,719 859,537 6,836,380 7,695,917 186,297 241,422 Leasing 20,140 6,719 8,632 35,491 1,696,318 1,731,809 8,632 - Consumer: Credit cards 13,243 9,912 23,281 46,436 1,089,311 1,135,747 - 23,281 Home equity lines of credit 1,702 4 3,759 5,465 60,488 65,953 3,733 26 Personal 21,287 16,559 21,836 59,682 1,885,565 1,945,247 21,836 - Auto 100,061 27,443 45,615 173,119 3,487,661 3,660,780 45,615 - Other 1,645 204 1,214 3,063 157,378 160,441 965 249 Total $ 531,633 $ 190,356 $ 626,082 $ 1,348,071 $ 33,716,900 $ 35,064,971 $ 357,611 $ 268,471 [1] It is the Corporation’s policy to report delinquent residential 90 days or more as opposed to non-performing since 106 mortgage loans insured by FHA or guaranteed by the VA December 31, 2023, the Corporation had approximately 38 currently not accruing interest. Due to the guaranteed nature performing assets. [2] Loans held-in-portfolio are net of $ 356 4 [3] Includes $ 14.2 of which $ 7.0 7.2 Bank (FRB) for discount window borrowings. As of December discount window of Federal Reserve Bank of New York 3.5 4.4 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 guaranteed by the VA when 15 months insured. At March 2.3 2.2 FHA, or 218.7 241.6 portfolio of guaranteed loans includes $ 93 of March 31, 2024 (December 31, 2023 - $ 106 37 Puerto Rico $ 38 Loans with a delinquency status of 90 days past due as of March 31, 2024 include $ 10 securities 11 obligation to repurchase loans option portfolio benefit deferred payments or completes a payment deferral The following tables present the amortized cost basis loans: March 31, 2024 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 $ - $ 106 $ 8,700 $ - $ 8,700 $ 106 Commercial real estate non-owner occupied 3,635 4,287 1,344 1,063 4,979 5,350 Commercial real estate owner occupied 17,541 8,583 3,877 - 21,418 8,583 Commercial and industrial 18,914 10,257 - 6,423 18,914 16,680 Mortgage 82,843 83,630 190 27,881 83,033 111,511 Leasing 453 6,814 - - 453 6,814 Consumer: - - - 3,986 - 3,986 3,458 15,634 - 2,068 3,458 17,702 1,809 39,998 - - 1,809 39,998 263 369 - 1 263 370 Total $ 128,916 $ 169,678 $ 14,111 $ 41,422 $ 143,027 $ 211,100 December 31, 2023 BPPR Popular U.S. Popular, Inc. (In thousands) Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Commercial multi-family $ - $ 1,991 $ - $ - $ - $ 1,991 Commercial real estate non-owner occupied 3,695 5,050 - 1,117 3,695 6,167 Commercial real estate owner occupied 20,432 8,998 3,877 2,397 24,309 11,395 Commercial and industrial 6,991 25,835 - 3,772 6,991 29,607 Construction - 6,378 - - - 6,378 Mortgage 84,677 90,429 120 11,071 84,797 101,500 Leasing 481 8,151 - - 481 8,151 Consumer: - - - 3,733 - 3,733 3,589 15,442 - 2,805 3,589 18,247 1,833 43,782 - - 1,833 43,782 263 701 - 1 263 702 Total $ 121,961 $ 206,757 $ 3,997 $ 24,896 $ 125,958 $ 231,653 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 Loans in non-accrual status with 143 2023 - $ 126 3 31, 2024 (March 31, 2023 - $ 4 The following tables present the amortized cost basis fair value of the collateral less cost to sell, by class March 31, 2024 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total BPPR Commercial multi-family $ 1,325 $ - $ - $ - - $ 1,325 Commercial real estate: Non-owner occupied 159,712 - - - - 159,712 Owner occupied 22,840 - - - - 22,840 Commercial and industrial 1,130 - - 2,172 23,693 26,995 Mortgage 80,487 - - - - 80,487 Leasing - 1,257 - - - 1,257 Consumer: Personal 3,708 - - - - 3,708 Auto - 13,910 - - - 13,910 Other - - - - 303 303 Total BPPR $ 269,202 $ 15,167 $ - $ 2,172 23,996 $ 310,537 Popular U.S. Commercial multi-family $ 8,700 $ - $ - $ - - $ 8,700 Commercial real estate: Non-owner occupied 1,344 $ - - - - 1,344 Owner occupied 3,877 $ - - - - 3,877 Commercial and industrial - - 70 - 2,297 2,367 Mortgage 1,040 - - - - 1,040 Total Popular U.S. $ 14,961 $ - $ 70 $ - 2,297 $ 17,328 Popular, Inc. Commercial multi-family $ 10,025 $ - $ - $ - - $ 10,025 Commercial real estate: Non-owner occupied 161,056 - - - - 161,056 Owner occupied 26,717 - - - - 26,717 Commercial and industrial 1,130 - 70 2,172 25,990 29,362 Mortgage 81,527 - - - - 81,527 Leasing - 1,257 - - - 1,257 Consumer: Personal 3,708 - - - - 3,708 Auto - 13,910 - - - 13,910 Other - - - - 303 303 Total Popular, $ 284,163 $ 15,167 $ 70 $ 2,172 26,293 $ 327,865 December 31, 2023 (In thousands) Real Estate Auto Equipment Other Total BPPR Commercial multi-family $ 1,339 $ - $ - $ - $ 1,339 Commercial real estate: Non-owner occupied 160,555 - - - 160,555 Owner occupied 25,848 - - - 25,848 Commercial and industrial 1,103 - - 30,287 31,390 Construction 6,378 - - - 6,378 Mortgage 85,113 - - - 85,113 Leasing - 1,373 - - 1,373 Consumer: Personal 4,338 - - - 4,338 Auto - 12,965 - - 12,965 Other - - - 305 305 Total BPPR $ 284,674 $ 14,338 $ - $ 30,592 $ 329,604 Popular U.S. Commercial real estate: Owner occupied 3,877 - - - 3,877 Commercial and industrial - - 105 400 505 Construction 5,990 - - - 5,990 Mortgage 1,303 - - - 1,303 Total Popular U.S. $ 11,170 $ - $ 105 $ 400 $ 11,675 Popular, Inc. Commercial multi-family $ 1,339 $ - $ - $ - $ 1,339 Commercial real estate: Non-owner occupied 160,555 - - - 160,555 Owner occupied 29,725 - - - 29,725 Commercial and industrial 1,103 - 105 30,687 31,895 Construction 12,368 - - - 12,368 Mortgage 86,416 - - - 86,416 Leasing - 1,373 - - 1,373 Consumer: Personal 4,338 - - - 4,338 Auto - 12,965 - - 12,965 Other - - - 305 305 Total Popular, $ 295,844 $ 14,338 $ 105 $ 30,992 $ 341,279 Purchased Credit Deteriorated (PCD) Loans The Corporation has purchased loans during deterioration of credit quality since origination. The (In thousands) March 31, 2024 March 31, 2023 Purchase price of loans at acquisition $ 426 $ 255 Allowance for credit losses at acquisition 17 68 Non-credit discount / (premium) at acquisition - 9 Par value of acquired loans at acquisition $ 443 $ 332 |
Allowance for credit losses - l
Allowance for credit losses - loans held-in-portfolio | 3 Months Ended |
Mar. 31, 2024 | |
Held To Maturity Securities Allowance for credit losses [Abstract] | |
Allowance for credit losses | Note 8 – Allowance for credit losses – loans The Corporation follows provide for credit losses over the lives of financial assets, starting when such that allowance methodology. competing risk loss expectations to derive the lifetime expected loss. At March Among the scenario given the quarterly basis as tied to the CECL accounting framework. These The respectively, compared to 1.2% and 1.7% and the United States remained stable at 6.5% The following March 31, 2024 and 2023. For the quarter ended March 31, 2024 BPPR Provision for Allowance for 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 $ 3,614 $ (48) $ - $ - $ 1 $ 3,567 Commercial real estate non-owner occupied 53,754 (413) - - 325 53,666 Commercial real estate owner occupied 40,637 5,147 - (2,785) 538 43,537 Commercial and industrial 107,577 376 - (6,669) 1,560 102,844 Total Commercial 205,582 5,062 - (9,454) 2,424 203,614 Construction 5,294 (2,180) - - - 3,114 Mortgage 72,440 (319) 17 (765) 5,191 76,564 Leasing 9,708 2,968 - (4,850) 1,165 8,991 Consumer 80,487 21,640 - (16,396) 2,438 88,169 103 103 - (197) 93 102 101,181 20,263 - (24,349) 2,409 99,504 157,931 13,371 - (20,167) 6,321 157,456 7,132 100 - (664) 240 6,808 Total Consumer 346,834 55,477 - (61,773) 11,501 352,039 Total - Loans $ 639,858 $ 61,008 $ 17 $ (76,842) $ 20,281 $ 644,322 Allowance for credit losses - unfunded commitments: Commercial $ 5,062 $ (120) $ - $ - $ - $ 4,942 Construction 1,618 (177) - - - 1,441 Ending balance - unfunded commitments [1] $ 6,680 $ (297) $ - $ - $ - $ 6,383 [1] Allowance for credit losses of unfunded commitments For the quarter ended March 31, 2024 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 $ 10,126 $ (510) $ (441) $ 1 $ 9,176 Commercial real estate non-owner occupied 11,699 195 - 64 11,958 Commercial real estate owner occupied 16,227 4,019 - 24 20,270 Commercial and industrial 14,779 3,203 (564) 156 17,574 Total Commercial 52,831 6,907 (1,005) 245 58,978 Construction 7,392 633 - - 8,025 Mortgage 10,774 (925) - 25 9,874 Consumer 1,875 (253) (7) 155 1,770 16,609 4,991 (5,712) 685 16,573 2 25 (31) 6 2 Total Consumer 18,486 4,763 (5,750) 846 18,345 Total - Loans $ 89,483 $ 11,378 $ (6,755) $ 1,116 $ 95,222 Allowance for credit losses - unfunded commitments: Commercial $ 1,851 $ 691 $ - $ - $ 2,542 Construction 8,446 (609) - - 7,837 Consumer 29 (24) - - 5 Ending balance - unfunded commitments [1] $ 10,326 $ 58 $ - $ - $ 10,384 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2024 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 $ 13,740 $ (558) $ - $ (441) $ 2 $ 12,743 Commercial real estate non-owner occupied 65,453 (218) - - 389 65,624 Commercial real estate owner occupied 56,864 9,166 - (2,785) 562 63,807 Commercial and industrial 122,356 3,579 - (7,233) 1,716 120,418 Total Commercial 258,413 11,969 - (10,459) 2,669 262,592 Construction 12,686 (1,547) - - - 11,139 Mortgage 83,214 (1,244) 17 (765) 5,216 86,438 Leasing 9,708 2,968 - (4,850) 1,165 8,991 Consumer 80,487 21,640 - (16,396) 2,438 88,169 1,978 (150) - (204) 248 1,872 117,790 25,254 - (30,061) 3,094 116,077 157,931 13,371 - (20,167) 6,321 157,456 7,134 125 - (695) 246 6,810 Total Consumer 365,320 60,240 - (67,523) 12,347 370,384 Total - Loans $ 729,341 $ 72,386 $ 17 $ (83,597) $ 21,397 $ 739,544 Allowance for credit losses - unfunded commitments: Commercial $ 6,913 $ 571 $ - $ - $ - $ 7,484 Construction 10,064 (786) - - - 9,278 Consumer 29 (24) - - - 5 Ending balance - unfunded commitments [1] $ 17,006 $ (239) $ - $ - $ - $ 16,767 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2023 BPPR Impact of Provision for Allowance for Beginning Adopting credit losses credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 5,210 $ - $ (454) $ - $ - $ - $ 4,756 Commercial real estate non-owner occupied 52,475 - 1,284 - - 135 53,894 Commercial real estate owner occupied 48,393 (1,161) (2,730) - (3) 1,510 46,009 Commercial and industrial 68,217 (552) 9,819 - (1,607) 1,165 77,042 Total Commercial 174,295 (1,713) 7,919 - (1,610) 2,810 181,701 Construction 2,978 - 94 - - - 3,072 Mortgage 117,344 (33,556) 1,267 68 (846) 4,800 89,077 Leasing 20,618 (35) 734 - (1,417) 1,090 20,990 Consumer 58,670 - 15,570 - (8,676) 2,389 67,953 103 - (39) - (33) 69 100 96,369 (7,020) 11,104 - (13,580) 1,535 88,408 129,735 (21) 8,319 - (12,118) 4,914 130,829 15,433 - 235 - (11,007) 216 4,877 Total Consumer 300,310 (7,041) 35,189 - (45,414) 9,123 292,167 Total - Loans $ 615,545 $ (42,345) $ 45,203 $ 68 $ (49,287) $ 17,823 $ 587,007 Allowance for credit losses - unfunded commitments: Commercial $ 4,336 $ - $ 564 $ - $ - $ - $ 4,900 Construction 2,022 - (76) - - - 1,946 Ending balance - unfunded commitments [1] $ 6,358 $ - $ 488 $ - $ - $ - $ 6,846 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2023 Popular U.S. Impact of Provision for Beginning Adopting credit losses Ending (In thousands) Balance ASU 2022-02 (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 21,101 $ - $ (493) $ - $ 2 $ 20,610 Commercial real estate non-owner occupied 19,065 - (2,961) - 1,852 17,956 Commercial real estate owner occupied 8,688 - (224) - 24 8,488 Commercial and industrial 12,227 - 2,528 (499) 968 15,224 Total Commercial 61,081 - (1,150) (499) 2,846 62,278 Construction 1,268 - (10) - - 1,258 Mortgage 17,910 (2,098) (426) - 14 15,400 Consumer - - 1 (1) - - 2,439 - (712) (143) 269 1,853 22,057 (1,140) 4,191 (4,170) 383 21,321 2 - 49 (53) 5 3 Total Consumer 24,498 (1,140) 3,529 (4,367) 657 23,177 Total - Loans $ 104,757 $ (3,238) $ 1,943 $ (4,866) $ 3,517 $ 102,113 Allowance for credit losses - unfunded commitments: Commercial $ 1,175 $ - $ 54 $ - $ - $ 1,229 Construction 1,184 - 94 - - 1,278 Consumer 88 - (26) - - 62 Ending balance - unfunded commitments [1] $ 2,447 $ - $ 122 $ - $ - $ 2,569 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2023 Popular Inc. Impact of Provision for Allowance for Beginning Adopting credit losses credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 26,311 $ - $ (947) $ - $ - $ 2 $ 25,366 Commercial real estate non-owner occupied 71,540 - (1,677) - - 1,987 71,850 Commercial real estate owner occupied 57,081 (1,161) (2,954) - (3) 1,534 54,497 Commercial and industrial 80,444 (552) 12,347 - (2,106) 2,133 92,266 Total Commercial 235,376 (1,713) 6,769 - (2,109) 5,656 243,979 Construction 4,246 - 84 - - - 4,330 Mortgage 135,254 (35,654) 841 68 (846) 4,814 104,477 Leasing 20,618 (35) 734 - (1,417) 1,090 20,990 Consumer 58,670 - 15,571 - (8,677) 2,389 67,953 2,542 - (751) - (176) 338 1,953 118,426 (8,160) 15,295 - (17,750) 1,918 109,729 129,735 (21) 8,319 - (12,118) 4,914 130,829 15,435 - 284 - (11,060) 221 4,880 Total Consumer 324,808 (8,181) 38,718 - (49,781) 9,780 315,344 Total - Loans $ 720,302 $ (45,583) $ 47,146 $ 68 $ (54,153) $ 21,340 $ 689,120 Allowance for credit losses - unfunded commitments: Commercial $ 5,511 $ - $ 618 $ - $ - $ - $ 6,129 Construction 3,206 - 18 - - - 3,224 Consumer 88 - (26) - - - 62 Ending balance - unfunded commitments [1] $ 8,805 $ - $ 610 $ - $ - $ - $ 9,415 [1] Allowance for credit losses of unfunded commitments is Modifications A insignificant payment delay, term extension or combination of the above made The amount of outstanding commitments to lend additional funds to debtors with financial difficulties owing receivables whose terms have 4.2 7.0 respectively, related to the commercial loan portfolios. The following tables show the amortized cost basis of the loans modified to borrowers experiencing financial difficulties at the end of the reporting period disaggregated by class of financing receivable 2024 foreclosed 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 March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Commercial and industrial $ 387 0.01 % $ - - % $ 387 0.01 % Consumer: 129 0.01 % - - % 129 0.01 % 243 0.01 % - - % 243 0.01 % Total $ 759 - % $ - - % $ 759 - % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable CRE non-owner occupied $ 36,718 1.23 % $ - - % $ 36,718 0.73 % CRE owner occupied 16,366 1.15 % - - % 16,366 0.52 % Commercial and industrial 2,494 0.05 % - - % 2,494 0.04 % Mortgage 12,979 0.20 % - - % 12,979 0.17 % Consumer: 199 0.01 % 5 - % 204 0.01 % Total $ 68,756 0.28 % $ 5 - % $ 68,761 0.20 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable CRE owner occupied $ 10,312 0.72 % $ - - % $ 10,312 0.33 % Commercial and industrial 5,920 0.12 % - - % 5,920 0.08 % Total $ 16,232 0.07 % $ - - % $ 16,232 0.05 % Combination - Term extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable CRE non-owner occupied $ 891 0.03 % $ - - % $ 891 0.02 % Commercial and industrial 101 - % - - % 101 - % Mortgage 3,422 0.05 % 38 - % 3,460 0.04 % Consumer: 1,056 0.06 % 145 0.10 % 1,201 0.06 % Total $ 5,470 0.02 % $ 183 - % $ 5,653 0.02 % Combination - Puerto Rico Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Commercial and industrial $ 16 - % $ - - % $ 16 - % Consumer: 315 0.03 % - - % 315 0.03 % Total $ 331 - % $ - - % $ 331 - % Loan Modifications Made to Borrowers Experiencing Financial Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Mortgage $ 227 - % $ - - % $ 227 - % Consumer: 497 0.05 % - - % 497 0.05 % 172 0.01 % - - % 172 0.01 % 3 - % - - % 3 - % Total $ 899 - % $ - - % $ 899 - % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE owner occupied $ 1,754 0.12 % $ - - % $ 1,754 0.06 % Commercial and industrial 3,705 0.09 % - - % 3,705 0.06 % Construction - - % 3,518 0.65 % 3,518 0.50 % Mortgage 14,521 0.24 % 1,853 0.14 % 16,374 0.22 % Consumer: 26 - % 54 0.02 % 80 - % Total $ 20,006 0.09 % $ 5,425 0.06 % $ 25,431 0.08 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE non-owner occupied $ 1,751 0.06 % $ - - % $ 1,751 0.04 % CRE owner occupied 13,156 0.88 % 13,744 0.90 % 26,900 0.89 % Commercial and industrial 1,411 0.04 % 864 0.04 % 2,275 0.04 % Consumer: 33 0.03 % - - % 33 0.02 % Total $ 16,351 0.07 % $ 14,608 0.15 % $ 30,959 0.10 % Combination - Term extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE owner occupied $ 101 0.01 % $ - - % $ 101 - % Mortgage 10,473 0.17 % 328 0.03 % 10,801 0.15 % Consumer: 422 0.03 % - - % 422 0.02 % 29 - % - - % 29 - % Total $ 11,025 0.05 % $ 328 - % $ 11,353 0.04 % The following tables describe the financial effect of the For the quarter ended March 31, 2024 Interest rate reduction Loan Type Financial Effect CRE Non-owner occupied Reduced weighted-average contractual interest rate from 10.13 % to 8.25 %. Commercial and industrial Reduced weighted-average contractual interest rate from 25.53 % to 9.83 %. Mortgage Reduced weighted-average contractual interest rate from 5.88 % to 4.5 0%. Consumer: Credit cards Reduced weighted-average contractual interest rate from 21.05 % to 6.23 %. Personal Reduced weighted-average contractual interest rate from 18.06 % to 9.68 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 1 CRE Owner occupied Added a weighted-average of 6 Commercial and industrial Added a weighted-average of 9 Mortgage Added a weighted-average of 12 Consumer: Personal Added a weighted-average of 11 Other than insignificant payment delay Loan Type Financial Effect CRE Owner occupied Added a weighted-average of 12 Commercial and industrial Added a weighted-average of 8 Consumer: Credit cards Added a weighted-average of 23 For the quarter ended March 31, 2023 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 6.00 % to 5.25 %. Mortgage Reduced weighted-average contractual interest rate from 5.69 % to 4.17 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.76 % to 4.47 %. Personal Reduced weighted-average contractual interest rate from 16.97 % to 9.11 %. Auto Reduced weighted-average contractual interest rate from 12.64 % to 12.62 %. Other Reduced weighted-average contractual interest rate from 17.99 % to 0 %. Term extension Loan Type Financial Effect CRE Owner occupied Added a weighted-average of 2 Commercial and industrial Added a weighted-average of 5 Construction Added a weighted-average of 6 Mortgage Added a weighted-average of 10 Consumer: Personal Added a weighted-average of 6 Auto Added a weighted-average of 2 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 7 Commercial and industrial Added a weighted-average of 9 Consumer: Other Added a weighted-average of 11 The following tables present, by class, the performance of loans that have been modified during the twelve months preceding March 31, modification. These demonstrated a willingness and the modification probable that the borrower would not be in payment BPPR 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 Commercial multi-family $ - $ - $ 65 $ 65 $ - $ 65 $ - $ 65 CRE non-owner occupied 179 3,278 2,918 6,375 60,491 66,866 - 2,918 CRE owner occupied 811 - 1,969 2,780 189,327 192,107 537 1,432 Commercial and industrial 626 - 16,492 17,118 32,511 49,629 2,774 13,718 Mortgage 5,970 3,954 23,151 33,075 49,225 82,300 3,525 19,626 Consumer: 126 31 223 380 1,017 1,397 159 64 42 105 1,058 1,205 3,071 4,276 51 1,007 - - 13 13 71 84 - 13 - - - - 3 3 - - Total $ 7,754 $ 7,368 $ 45,889 $ 61,011 $ 335,716 $ 396,727 $ 7,046 $ 38,843 [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. 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 $ - $ - $ - $ - $ 57,550 $ 57,550 $ - $ - Mortgage - - 324 324 3,403 3,727 - 324 Consumer: - - 160 160 124 284 - 160 Total $ - $ - $ 484 $ 484 $ 61,077 $ 61,561 $ - $ 484 [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. 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 Commercial multi-family $ - $ - $ 65 $ 65 $ - $ 65 $ - $ 65 CRE non-owner occupied 179 3,278 2,918 6,375 60,491 66,866 - 2,918 CRE owner occupied 811 - 1,969 2,780 246,877 249,657 537 1,432 Commercial and industrial 626 - 16,492 17,118 32,511 49,629 2,774 13,718 Mortgage 5,970 3,954 23,475 33,399 52,628 86,027 3,525 19,950 Consumer: 126 31 223 380 1,017 1,397 159 64 42 105 1,218 1,365 3,195 4,560 51 1,167 - - 13 13 71 84 - 13 - - - - 3 3 - - Total $ 7,754 $ 7,368 $ 46,373 $ 61,495 $ 396,793 $ 458,288 $ 7,046 $ 39,327 [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 following tables present, by class, the performance BPPR Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE non-owner occupied $ - $ - $ - $ - $ 1,751 $ 1,751 $ - $ - CRE owner occupied - - 1,803 1,803 13,208 15,011 209 1,594 Commercial and industrial - - 142 142 4,974 5,116 28 114 Mortgage 1,202 180 7,518 8,900 16,321 25,221 - 7,518 Consumer: 21 46 96 163 334 497 96 - 6 - 232 238 382 620 - 232 - - - - 29 29 - - - - 33 33 3 36 - 33 Total $ 1,229 $ 226 $ 9,824 $ 11,279 $ 37,002 $ 48,281 $ 333 $ 9,491 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. Payment default charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that Popular U.S. Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE owner occupied $ - $ - $ - $ - $ 13,744 $ 13,744 $ - $ - Commercial and industrial - - - - 864 864 - - Construction - - - - 3,518 3,518 - - Mortgage - - 104 104 2,077 2,181 - 104 Consumer: - - 54 54 - 54 - 54 Total $ - $ - $ 158 $ 158 $ 20,203 $ 20,361 $ - $ 158 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. Payment default charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that Popular Inc. Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE non-owner occupied $ - $ - $ - $ - $ 1,751 $ 1,751 $ - $ - CRE owner occupied - - 1,803 1,803 26,952 28,755 209 1,594 Commercial and industrial - - 142 142 5,838 5,980 28 114 Construction - - - - 3,518 3,518 - - Mortgage 1,202 180 7,622 9,004 18,398 27,402 - 7,622 Consumer: 21 46 96 163 334 497 96 - 6 - 286 292 382 674 - 286 - - - - 29 29 - - - - 33 33 3 36 - 33 Total $ 1,229 $ 226 $ 9,982 $ 11,437 $ 57,205 $ 68,642 $ 333 $ 9,649 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. charged-off, whichever occurs first. The recorded inve date. Loans modified with financial difficulty that Payment whichever occurs financial difficulties that were subject to payment default and that had been modified during the date was $ 21 For the quarter ended March 31,2024, extension of maturity and the combination of interest rate reduction and extension of maturity amounted 20 1 difficulties that were subject to payment default during Credit Quality The risk The deteriorate the credit quality. status at the end of the reporting period. The following tables present the amortized cost basis, net of unearned income, of assignment vintage year. For Statements included in the 2023 Form 10-K: March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total BPPR Commercial: Commercial multi-family Pass $ 41,585 $ 37,808 $ 138,013 $ 21,271 $ 20,401 $ 28,387 $ - $ - $ 287,465 Watch - - - - - 6,112 - - 6,112 Special Mention - - 554 - - 4,743 - - 5,297 Substandard - - - - - 4,777 - - 4,777 Total commercial multi-family $ 41,585 $ 37,808 $ 138,567 $ 21,271 $ 20,401 $ 44,019 $ - $ - $ 303,651 Commercial real estate non-owner occupied Pass $ 24,000 $ 308,584 $ 854,075 $ 558,216 $ 356,421 $ 594,172 $ 3,896 $ - $ 2,699,364 Watch - 2,590 727 5,144 21,840 39,832 - - 70,133 Special Mention - 42,111 6,879 24,626 - 73,034 - - 146,650 Substandard - 1,011 1,260 179 2,164 71,074 4,650 - 80,338 Total commercial real estate non- owner occupied $ 24,000 $ 354,296 $ 862,941 $ 588,165 $ 380,425 $ 778,112 $ 8,546 $ - $ 2,996,485 Commercial real estate owner occupied Pass $ 56,699 $ 94,564 $ 154,134 $ 224,909 $ 49,919 $ 369,657 $ 8,083 $ - $ 957,965 Watch 249 1,965 44,450 9,048 4,556 61,509 1,003 - 122,780 Special Mention - 942 21,683 20,611 1,101 41,356 - - 85,693 Substandard 161 1,238 15,848 4,962 142,903 80,416 14,017 - 259,545 Doubtful - - - - - 109 - - 109 Total commercial real estate owner occupied $ 57,109 $ 98,709 $ 236,115 $ 259,530 $ 198,479 $ 553,047 $ 23,103 $ - $ 1,426,092 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 2,785 $ - $ - $ 2,785 Commercial and industrial Pass $ 142,966 $ 975,917 $ 627,072 $ 339,891 $ 236,641 $ 368,158 $ 1,202,822 $ - $ 3,893,467 Watch 4,012 66,951 55,844 162,005 3,730 77,782 216,159 - 586,483 Special Mention 423 5,472 36,829 260 2,867 41,837 73,721 - 161,409 Substandard 418 1,051 2,182 8,570 15,962 31,756 43,282 - 103,221 Doubtful - - - - 54 32 - - 86 Loss - - - - - - 457 - 457 Total commercial and industrial $ 147,819 $ 1,049,391 $ 721,927 $ 510,726 $ 259,254 $ 519,565 $ 1,536,441 $ - $ 4,745,123 Year-to-Date gross write-offs $ 124 $ - $ 58 $ - $ 24 $ 5,131 $ 1,332 $ - $ 6,669 Construction Pass $ - $ 29,488 $ 24,618 $ 19,243 $ 10,696 $ 1,766 $ 37,970 $ - $ 123,781 Watch - - 17,187 11,801 - - $ 8,917 - 37,905 Special Mention - - - 1,038 - - - - 1,038 Total construction $ - $ 29,488 $ 41,805 $ 32,082 $ 10,696 $ 1,766 $ 46,887 $ - $ 162,724 Mortgage Pass $ 192,679 $ 759,057 $ 432,327 $ 415,791 $ 255,350 $ 4,355,912 $ - $ - $ 6,411,116 Substandard - 1,181 319 379 350 70,206 - - 72,435 Total mortgage $ 192,679 $ 760,238 $ 432,646 $ 416,170 $ 255,700 $ 4,426,118 $ - $ - $ 6,483,551 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 765 $ - $ - $ 765 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total BPPR Leasing Pass $ 210,843 $ 570,183 $ 456,718 $ 287,444 $ 148,154 $ 84,804 $ - $ - $ 1,758,146 Substandard - 902 1,980 2,580 578 1,129 - - 7,169 Loss - 81 - - - 17 - - 98 Total leasing $ 210,843 $ 571,166 $ 458,698 $ 290,024 $ 148,732 $ 85,950 $ - $ - $ 1,765,413 Year-to-Date gross write-offs $ 42 $ 1,071 $ 1,966 $ 1,082 $ 238 $ 451 $ - $ - $ 4,850 Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,118,278 $ - $ 1,118,278 Substandard - - - - - - 23,837 - 23,837 Loss - - - - - - 21 - 21 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,142,136 $ - $ 1,142,136 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 16,396 $ - $ 16,396 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 2,562 $ - $ 2,562 Substandard - - - - - - 7 - 7 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,569 $ - $ 2,569 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 197 $ - $ 197 Personal Pass $ 200,218 $ 745,798 $ 417,333 $ 158,860 $ 48,662 $ 134,930 $ - $ 21,077 $ 1,726,878 Substandard - 2,864 4,243 1,551 472 9,452 - 1,033 19,615 Total Personal $ 200,218 $ 748,662 $ 421,576 $ 160,411 $ 49,134 $ 144,382 $ - $ 22,110 $ 1,746,493 Year-to-Date gross write-offs $ - $ 6,810 $ 11,488 $ 3,295 $ 880 $ 1,403 $ - $ 473 $ 24,349 Auto Pass $ 342,983 $ 1,145,262 $ 840,316 $ 654,624 $ 366,598 $ 307,952 $ - $ - $ 3,657,735 Substandard 119 9,989 12,762 10,704 7,415 8,008 - - 48,997 Loss - 68 27 19 - 8 - - 122 Total Auto $ 343,102 $ 1,155,319 $ 853,105 $ 665,347 $ 374,013 $ 315,968 $ - $ - $ 3,706,854 Year-to-Date gross write-offs $ 114 $ 9,028 $ 5,738 $ 3,008 $ 1,521 $ 758 $ - $ - $ 20,167 Other consumer Pass $ 8,302 $ 35,338 $ 22,941 $ 13,787 $ 5,252 $ 5,716 $ 61,379 $ - $ 152,715 Substandard - 244 24 - 44 81 307 - 700 Loss - - - - - 263 - - 263 Total Other consumer $ 8,302 $ 35,582 $ 22,965 $ 13,787 $ 5,296 $ 6,060 $ 61,686 $ - $ 153,678 Year-to-Date gross write-offs $ - $ 34 $ 50 $ 29 $ 93 $ 458 $ - $ - $ 664 Total BPPR $ 1,225,657 $ 4,840,659 $ 4,190,345 $ 2,957,513 $ 1,702,130 $ 6,874,987 $ 2,821,368 $ 22,110 $ 24,634,769 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular U.S. Commercial: Commercial multi-family Pass $ 34 $ 165,837 $ 436,312 $ 341,089 $ 165,978 $ 592,171 $ 5,334 $ - $ 1,706,755 Watch - - 101,958 19,914 67,303 149,375 - - 338,550 Special Mention - - - 858 - 2,192 - - 3,050 Substandard - - - - - 32,629 - - 32,629 Total commercial multi-family $ 34 $ 165,837 $ 538,270 $ 361,861 $ 233,281 $ 776,367 $ 5,334 $ - $ 2,080,984 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 441 $ - $ - $ 441 Commercial real estate non-owner occupied Pass $ 6,741 $ 396,376 $ 493,557 $ 168,986 $ 214,339 $ 503,436 $ 11,254 $ - $ 1,794,689 Watch - - 17,023 33,260 29,093 94,339 - - 173,715 Special Mention - - - 2,406 - 64,664 - - 67,070 Substandard - - 2,708 2,790 7,995 11,607 - - 25,100 Total commercial real estate non- owner occupied $ 6,741 $ 396,376 $ 513,288 $ 207,442 $ 251,427 $ 674,046 $ 11,254 $ - $ 2,060,574 Commercial real estate owner occupied Pass $ 36,651 $ 302,989 $ 245,911 $ 225,998 $ 57,688 $ 250,846 $ 4,951 $ - $ 1,125,034 Watch - - 38,795 27,687 51,281 102,480 3,972 - 224,215 Special Mention - - 34,633 131,309 4,922 11,152 - - 182,016 Substandard - - 28,593 2,413 - 129,481 - - 160,487 Total commercial real estate owner occupied $ 36,651 $ 302,989 $ 347,932 $ 387,407 $ 113,891 $ 493,959 $ 8,923 $ - $ 1,691,752 Commercial and industrial Pass $ 41,163 $ 218,204 $ 301,833 $ 337,350 $ 249,043 $ 511,963 $ 310,873 $ - $ 1,970,429 Watch 25 184 39,927 46,133 57,607 112,073 20,338 - 276,287 Special Mention - 196 6,065 902 21 433 14,865 - 22,482 Substandard 914 1,057 427 132 2,779 2,214 3,639 - 11,162 Total commercial and industrial $ 42,102 $ 219,641 $ 348,252 $ 384,517 $ 309,450 $ 626,683 $ 349,715 $ - $ 2,280,360 Year-to-Date gross write-offs $ - $ - $ 190 $ 272 $ 5 $ 44 $ 53 $ - $ 564 Construction Pass $ 17,234 $ 348,577 $ 230,756 $ 82,615 $ - $ 38,754 $ 15,733 $ - $ 733,669 Watch - - 31,690 14,210 - 8,118 - - 54,018 Special Mention - 2,168 13,466 - - - - - 15,634 Substandard - - - 8,825 - - 34,433 - 43,258 Total construction $ 17,234 $ 350,745 $ 275,912 $ 105,650 $ - $ 46,872 $ 50,166 $ - $ 846,579 Mortgage Pass $ 23,480 $ 93,943 $ 225,010 $ 283,981 $ 230,999 $ 414,626 $ - $ - $ 1,272,039 Substandard - - 235 - 645 27,192 - - 28,072 Total mortgage $ 23,480 $ 93,943 $ 225,245 $ 283,981 $ 231,644 $ 441,818 $ - $ - $ 1,300,111 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 17 $ - $ 17 Total credit cards $ - $ - $ - $ - $ - $ - $ 17 $ - $ 17 HELOCs Pass $ - $ - $ - $ - $ - $ 6,878 $ 40,955 $ 12,329 $ 60,162 Substandard - - - - - 1,816 - 1,280 3,096 Loss - - - - - 99 - 791 890 Total HELOCs $ - $ - $ - $ - $ - $ 8,793 $ 40,955 $ 14,400 $ 64,148 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 7 $ - $ - $ 7 Personal Pass $ 8,545 $ 36,778 $ 78,649 $ 18,867 $ 2,167 $ 3,441 $ - $ - $ 148,447 Substandard - 506 956 201 40 366 - - 2,069 Loss - - - - - 1 - - 1 Total Personal $ 8,545 $ 37,284 $ 79,605 $ 19,068 $ 2,207 $ 3,808 $ - $ - $ 150,517 Year-to-Date gross write-offs $ - $ 545 $ 3,701 $ 873 $ 62 $ 531 $ - $ - $ 5,712 Other consumer Pass $ 18 $ - $ - $ - $ - $ - $ 8,908 $ - $ 8,926 Loss - - - - - - 1 - 1 Total Other consumer $ 18 $ - $ - $ - $ - $ - $ 8,909 $ - $ 8,927 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 31 $ - $ 31 Total Popular U.S. $ 134,805 $ 1,566,815 $ 2,328,504 $ 1,749,926 $ 1,141,900 $ 3,072,346 $ 475,273 $ 14,400 $ 10,483,969 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Pass $ 41,619 $ 203,645 $ 574,325 $ 362,360 $ 186,379 $ 620,558 $ 5,334 $ - $ 1,994,220 Watch - - 101,958 19,914 67,303 155,487 - - 344,662 Special Mention - - 554 858 - 6,935 - - 8,347 Substandard - - - - - 37,406 - - 37,406 Total commercial multi-family $ 41,619 $ 203,645 $ 676,837 $ 383,132 $ 253,682 $ 820,386 $ 5,334 $ - $ 2,384,635 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 441 $ - $ - $ 441 Commercial real estate non-owner occupied Pass $ 30,741 $ 704,960 $ 1,347,632 $ 727,202 $ 570,760 $ 1,097,608 $ 15,150 $ - $ 4,494,053 Watch - 2,590 17,750 38,404 50,933 134,171 - - 243,848 Special Mention - 42,111 6,879 27,032 - 137,698 - - 213,720 Substandard - 1,011 3,968 2,969 10,159 82,681 4,650 - 105,438 Total commercial real estate non- owner occupied $ 30,741 $ 750,672 $ 1,376,229 $ 795,607 $ 631,852 $ 1,452,158 $ 19,800 $ - $ 5,057,059 Commercial real estate owner occupied Pass $ 93,350 $ 397,553 $ 400,045 $ 450,907 $ 107,607 $ 620,503 $ 13,034 $ - $ 2,082,999 Watch 249 1,965 83,245 36,735 55,837 163,989 4,975 - 346,995 Special Mention - 942 56,316 151,920 6,023 52,508 - - 267,709 Substandard 161 1,238 44,441 7,375 142,903 209,897 14,017 - 420,032 Doubtful - - - - - 109 - - 109 Total commercial real estate owner occupied $ 93,760 $ 401,698 $ 584,047 $ 646,937 $ 312,370 $ 1,047,006 $ 32,026 $ - $ 3,117,844 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 2,785 $ - $ - $ 2,785 Commercial and industrial Pass $ 184,129 $ 1,194,121 $ 928,905 $ 677,241 $ 485,684 $ 880,121 $ 1,513,695 $ - $ 5,863,896 Watch 4,037 67,135 95,771 $ 208,138 $ 61,337 $ 189,855 $ 236,497 $ - $ 862,770 Special Mention 423 5,668 42,894 1,162 2,888 42,270 88,586 - 183,891 Substandard 1,332 2,108 2,609 8,702 18,741 33,970 46,921 - 114,383 Doubtful - - - - 54 32 - - 86 Loss - - - - - - 457 - 457 Total commercial and industrial $ 189,921 $ 1,269,032 $ 1,070,179 $ 895,243 $ 568,704 $ 1,146,248 $ 1,886,156 $ - $ 7,025,483 Year-to-Date gross write-offs $ 124 $ - $ 248 $ 272 $ 29 $ 5,175 $ 1,385 $ - $ 7,233 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular, Inc. Construction Pass $ 17,234 $ 378,065 $ 255,374 $ 101,858 $ 10,696 $ 40,520 $ 53,703 $ - $ 857,450 Watch - - 48,877 26,011 - 8,118 8,917 - 91,923 Special Mention - 2,168 13,466 1,038 - - |
Mortgage banking activities
Mortgage banking activities | 3 Months Ended |
Mar. 31, 2024 | |
Mortgage Banking [Abstract] | |
Mortgage Banking Activities | Note 9 – Mortgage banking activities Income mortgage residential mortgage contracts mortgage loans held for sale, if any, are recorded as part of the mortgage The following table presents the components of mortgage Quarters ended March 31, (In thousands) 2024 2023 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 7,751 $ 8,689 Mortgage servicing rights fair value adjustments (3,439) (1,376) Total mortgage 4,312 7,313 Net gain on sale of loans, including valuation on loans 74 263 Trading account profit (loss): Unrealized gains (loss) on outstanding derivative positions 101 (131) Realized gains on closed derivative positions 3 56 Total trading account 104 (75) Losses on repurchased loans, including interest advances (130) (101) Total mortgage $ 4,360 $ 7,400 |
Transfers of financial assets a
Transfers of financial assets and mortgage servicing assets | 3 Months Ended |
Mar. 31, 2024 | |
Transfers and Servicing of Financial Assets | |
Transfers Of Financial Assets And Mortgage Servicing Assets | Note 10 – Transfers of financial assets and mortgage servicing assets The securitization transactions has made loans Statements for a description of such arrangements. No not contain 31, 2024 and 2023 were completed without credit The during the quarters ended March 31, 2024 and Proceeds Obtained During the Quarter Ended March (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 1,100 $ - $ 1,100 Mortgage-backed securities - FNMA - 1,105 - 1,105 Total trading account $ - $ 2,205 $ - $ 2,205 Mortgage servicing rights $ - $ - $ 45 $ 45 Total $ - $ 2,205 $ 45 $ 2,250 Proceeds Obtained During the Quarter Ended March (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 1,067 $ - $ 1,067 Mortgage-backed securities - FNMA - 9,899 - 9,899 Total trading account $ - $ 10,966 $ - $ 10,966 Mortgage servicing rights $ - $ - $ 278 $ 278 Total $ - $ 10,966 $ 278 $ 11,244 During the quarter ended March 31, 2024, the Corporation retained servicing rights on whole loan sales involving approximately $ 11 million in principal 10 0.2 31, 2023 - 0.2 recourse agreements. The Corporation recognizes as assets the rights to service loans for others, transfers such as sales and securitizations. These mortgage The incorporates prepayment speeds, discount rate, cost to service, escrow account earnings, contractual servicing fee income, prepayment and late fees, among other considerations. Prepayment speeds are The following and 2023. Residential MSRs (In thousands) March 31, 2024 March 31, 2023 Fair value at beginning of period $ 118,109 $ 128,350 Additions 294 501 Changes due to payments on loans [1] (2,100) (2,422) Reduction due to loan repurchases (137) (240) Changes in fair value due to changes in valuation model inputs (1,202) 1,286 Fair value at end of period [2] $ 114,964 $ 127,475 [1] Represents changes due to collection / realization of expected cash flows over time. [2] At March 31, 2024, PB had MSRs amounting to $ 2 .0 million (March 31, 2023 - $ 2.0 Residential mortgage loans serviced for others were 9.7 9.9 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 0.32 % (March 31, 2023 - 0.31 %). Under these servicing agreements, the banking fees on the underlying loans serviced. The section economic assumptions used quarters ended March 31, 2024 and 2023 were Quarters ended March 31, 2024 March 31, 2023 BPPR PB BPPR PB Prepayment speed 6.1 % 6.0 % 6.7 % 7.3 % Weighted average life (in years) 9.6 8.8 8.9 8.0 Discount rate (annual rate) 9.5 % 12.5 % 9.5 % 10.5 % Key performed immediate changes in those assumptions, were as follows Originated MSRs Purchased MSRs March 31, December 31, March 31, December 31, (In thousands) 2024 2023 2024 2023 Fair value of servicing rights $ 38,660 $ 39,757 $ 76,304 $ 78,352 Weighted average life (in years) 6.5 6.6 6.7 6.8 Weighted average prepayment speed (annual 5.7 % 5.9 % 6.8 % 7.0 % Impact on fair value of 10% adverse change $ (721) $ (696) $ (1,410) $ (1,440) Impact on fair value of 20% adverse change $ (1,416) $ (1,365) $ (2,767) $ (2,827) Weighted average discount rate (annual rate) 11.3 % 11.3 % 10.9 % 10.9 % Impact on fair value of 10% adverse change $ (1,438) $ (1,387) $ (2,783) $ (2,871) Impact on fair value of 20% adverse change $ (2,782) $ (2,686) $ (5,391) $ (5,562) 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 544 (December 31, 2023 561 the Corporation’s liability of estimated losses related to Under the GNMA without delinquency repurchase, the Corporation is deemed to have regained effective control over these loans if the Corporation was the pool issuer. At March 31, 2024, the Corporation had 10 related 11 payment forbearance programs completes a payment deferral modification or other borrower assistance alternative. As long as the Corporation continues to service the Corporation. During the quarter ended March 31, 10 18 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, and once brought back to current status, these may be either retained in portfolio or re-sold in the secondary market. |
Other real estate owned
Other real estate owned | 3 Months Ended |
Mar. 31, 2024 | |
Other Real Estate [Abstract] | |
Other Real Estate Owned | Note 11 – Other real estate owned The following tables present the 2023. For the quarter ended March 31, 2024 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 11,189 $ 69,227 $ 80,416 Write-downs in value (25) (284) (309) Additions 5,344 12,636 17,980 Sales (546) (16,934) (17,480) Other adjustments - (65) (65) Ending balance $ 15,962 $ 64,580 $ 80,542 For the quarter ended March 31, 2023 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 12,500 $ 76,626 $ 89,126 Write-downs in value (194) (751) (945) Additions 1,023 18,675 19,698 Sales (941) (15,099) (16,040) Other adjustments - (118) (118) Ending balance $ 12,388 $ 79,333 $ 91,721 |
Other assets
Other assets | 3 Months Ended |
Mar. 31, 2024 | |
Other Assets Abstract | |
Other assets | Note 12 − Other assets The caption of other assets in the consolidated (In thousands) March 31, 2024 December 31, 2023 Net deferred tax assets (net of valuation allowance) $ 1,001,093 $ 1,009,068 Investments under the equity method 244,165 236,485 Prepaid taxes 32,146 39,052 Other prepaid expenses 26,332 29,338 Capitalized software costs 102,716 93,404 Derivative assets 24,040 24,419 Trades receivable from brokers and counterparties 23,477 23,102 Receivables from investments maturities 301,000 176,000 Principal, interest and escrow servicing advances 47,594 48,557 Guaranteed mortgage loan claims receivable 27,722 29,648 Operating ROU assets (Note 27) 110,712 116,106 Finance ROU assets (Note 27) 20,344 21,093 Assets for pension benefit 24,406 23,404 Others 135,155 144,888 Total other assets $ 2,120,902 $ 2,014,564 The Corporation regularly incurs in the Other Assets line item in the accompanying Consolidated Statements of Financial Condition. costs arrangements can The following arrangements: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value March 31, 2024 Software development costs $ 75,489 $ 23,983 $ 51,506 Software license costs 47,950 23,658 24,292 Cloud computing arrangements 37,240 10,322 26,918 Total Capitalized $ 160,679 $ 57,963 $ 102,716 December 31, 2023 Software development costs $ 76,497 $ 22,086 $ 54,411 Software license costs 42,868 18,048 24,820 Cloud computing arrangements 23,623 9,450 14,173 Total Capitalized $ 142,988 $ 49,584 $ 93,404 [1] Software intangible assets are presented as part of Other [2] The tables above excludes assets that have been fully Total expenses in the consolidated statement of operations, Quarters ended March 31, (In thousands) 2024 2023 Software development and license costs $ 17,701 $ 14,991 Cloud computing arrangements 872 984 Total amortization $ 18,573 $ 15,975 |
Goodwill and other intangible a
Goodwill and other intangible assets | 3 Months Ended |
Mar. 31, 2024 | |
Goodwill and Intangible Assets Disclosure | |
Goodwill And Other Intangible Assets | Note 13 – Goodwill and other intangible assets Goodwill There were no The following tables present the gross amount of March 31, 2024 Balance at Balance at March 31, Accumulated March 31, 2024 impairment 2024 (In thousands) losses Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 196,411 368,045 Total Popular, $ 1,004,640 $ 200,212 $ 804,428 December 31, 2023 December 31, Accumulated December 31, 2023 impairment 2023 (In thousands) losses Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 196,411 368,045 Total Popular, $ 1,004,640 $ 200,212 $ 804,428 Other Intangible Assets The following table reflects the components of Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value March 31, 2024 Core deposits $ 12,810 $ 11,636 $ 1,174 Other customer relationships 14,286 7,251 7,035 Total other intangible $ 27,096 $ 18,887 $ 8,209 December 31, 2023 Core deposits $ 12,810 $ 11,315 $ 1,495 Other customer relationships 14,286 6,777 7,509 Total other intangible $ 27,096 $ 18,092 $ 9,004 During the 0.8 assets with definite useful lives (March 31, 2023 0.8 The following periods: (In thousands) Remaining 2024 $ 2,143 Year 2025 1,750 Year 2026 1,440 Year 2027 959 Year 2028 959 Later years 958 |
Deposits
Deposits | 3 Months Ended |
Mar. 31, 2024 | |
Deposits [Abstract] | |
Deposits | Note 14 – Deposits Total deposits as of the end of the periods presented consisted of: (In thousands) March 31, 2024 December 31, 2023 Savings accounts $ 14,797,976 $ 14,602,411 NOW, money market and other interest 24,763,686 25,094,316 Total savings, NOW, 39,561,662 39,696,727 Certificates of deposit: Under $250,000 5,420,905 5,443,062 $250,000 and over 3,334,167 3,058,830 8,755,072 8,501,892 Total interest bearing $ 48,316,734 $ 48,198,619 Non- interest bearing deposits $ 15,492,050 $ 15,419,624 Total deposits $ 63,808,784 $ 63,618,243 A summary of certificates of deposits by maturity at (In thousands) 2024 $ 4,649,279 2025 1,915,324 2026 838,041 2027 470,438 2028 625,629 2029 and thereafter 256,361 Total certificates of $ 8,755,072 At March 31, 2024, the Corporation had brokered 1.6 1.7 The aggregate amount of overdrafts in demand deposit accounts 12.2 (December 31, 2023 - $ 9.1 At March 18.0 bearing accounts. These rates, in Rico balances at BPPR. the speed at Rico PROMESA or Generally, these deposits require that public sector deposit outflows are lower. |
Borrowings
Borrowings | 3 Months Ended |
Mar. 31, 2024 | |
Debt Disclosure [Abstract] | |
Borrowings | Note 15 – Borrowings Assets sold under agreements to repurchase Assets sold under agreements to repurchase amounted 66 91 The Corporation’s repurchase repurchase agreements. related Pursuant to the with the same counterparty. The following table that are collateralized with or which have been obtained under agreements to resell. under agreements Condition. Repurchase agreements accounted for as secured borrowings March 31, 2024 December 31, 2023 Repurchase Repurchase (In thousands) U.S. Treasury securities Within 30 days $ 30,581 $ 16,931 After 30 to 90 days 18,504 18,369 After 90 days - 8,292 Total U.S. Treasury 49,085 43,592 Mortgage-backed securities 11,550 27,171 5,228 20,394 Total mortgage-backed 16,778 47,565 Collateralized mortgage obligations 227 227 Total collateralized 227 227 Total $ 66,090 $ 91,384 Repurchase agreements in this portfolio liquidity risks arising from secured securities collateral and pursuing longer durations, Other short-term borrowings There were no Notes Payable The following table presents the composition of notes (In thousands) March 31, 2024 December 31, 2023 Advances with the FHLB with maturities ranging from 2024 2029 monthly fixed rates ranging from 0.44 % to 5.26 % $ 373,665 $ 394,665 Unsecured senior debt securities maturing on 2028 semiannually 7.25 %, net of debt issuance costs of $ 5,715 [1] 394,285 393,937 Junior subordinated deferrable interest debentures (related to 2034 6.125 % to 6.564 %, net of debt issuance costs of $ 281 198,353 198,346 Total notes payable $ 966,303 $ 986,948 Note: Refer to the 2023 Form 10-K for rates information [1] On March 13, 2023, the Corporation issued $ 400 7.25 % Senior Notes due 2028 underwritten public offering. The Corporation used a outstanding $ 300 6.125 % Senior Notes which were due on September 2023 . The redemption price was equal to 100 % of the principal amount plus accrued and unpaid A breakdown of borrowings by contractual maturities Assets sold under (In thousands) agreements to repurchase Notes payable Total 2024 $ 66,090 $ 70,943 $ 137,033 2025 - 144,214 144,214 2026 - 74,500 74,500 2028 - 438,636 438,636 Later years - 238,010 238,010 Total borrowings $ 66,090 $ 966,303 $ 1,032,393 At March up to $ 4.4 4.2 0.4 31, 2023, 0.3 secure restrictive covenants or callable features. Also, at March 31, amounting to 4.6 4.4 The facilities are a collateralized source of credit |
Other liabilities
Other liabilities | 3 Months Ended |
Mar. 31, 2024 | |
Other Liabilities Disclosure [Abstract] | |
Other liabilites | Note 16 − Other liabilities The caption of other liabilities in the consolidated (In thousands) March 31, 2024 December 31, 2023 Accrued expenses $ 361,839 $ 337,695 Accrued interest payable 48,302 59,102 Accounts payable 92,715 89,339 Dividends payable 44,869 44,741 Trades payable 45 31 Liability for GNMA loans sold with an option to repurchase 9,538 10,960 Reserves for loan indemnifications 4,542 4,408 Reserve for operational losses 25,209 27,994 Operating lease liabilities (Note 27) 121,333 126,946 Finance lease liabilities (Note 27) 24,897 25,778 Pension benefit obligation 6,696 6,772 Postretirement benefit obligation 115,421 117,045 Others 63,042 63,816 Total other liabilities $ 918,448 $ 914,627 |
Stockholders' equity
Stockholders' equity | 3 Months Ended |
Mar. 31, 2024 | |
Stockholders' Equity Note | |
Stockholders' Equity | Note 17 – Stockholders’ equity As of March 31, 5.2 cash dividends of $ 0.62 0.55 ) per common share amounting to 44.8 39.6 declared to stockholders March 14, 2024 April 1, 2024 . On May Corporation’s Board of 0.62 on July 1, 2024 May 30, 2024 . |
Other comprehensive (loss) inco
Other comprehensive (loss) income | 3 Months Ended |
Mar. 31, 2024 | |
Disclosure Of Change In Accumulated Other Comprehensive Income Loss [Abstract] | |
Other Comprehensive Income (Loss) | Note 18 – Other comprehensive income (loss) The March 31, 2024 and, 2023. Changes in Accumulated Other Comprehensive Income Quarters ended March 31, (In thousands) 2024 2023 Foreign currency translation Beginning Balance $ (64,528) $ (56,735) Other comprehensive loss (4,020) (5,245) Net change (4,020) (5,245) Ending balance $ (68,548) $ (61,980) Adjustment of pension and postretirement benefit plans Beginning Balance $ (117,894) $ (144,335) Other comprehensive loss before reclassifications - - Amounts reclassified from accumulated other comprehensive loss amortization of net losses 2,262 3,008 Net change 2,262 3,008 Ending balance $ (115,632) $ (141,327) Unrealized net holding losses on debt securities Beginning Balance $ (1,713,109) $ (2,323,903) Other comprehensive income (loss) before reclassifications (71,104) 191,752 Amounts reclassified from accumulated other comprehensive loss amortization of net unrealized losses of debt securities available-for-sale to held-to-maturity 35,207 33,633 Net change (35,897) 225,385 Ending balance $ (1,749,006) $ (2,098,518) Unrealized net gains on cash flow hedges Beginning Balance $ - $ 45 Other comprehensive (loss) income before reclassifications - (19) Amounts reclassified from accumulated other comprehensive - (26) Net change - (45) Ending balance $ - $ - Total $ (1,933,186) $ (2,301,825) [1] All amounts presented are net of tax. The following table quarters ended March 31, 2024 and 2023. Reclassifications Out of Accumulated Other Comprehensive Affected Line Item in the Quarters ended March 31, (In thousands) Consolidated Statements of Operations 2024 2023 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ (3,618) $ (4,813) Total before tax (3,618) (4,813) Income tax benefit 1,356 1,805 Total net of tax $ (2,262) $ (3,008) Unrealized holding losses on debts securities Amortization of unrealized net losses of debt securities transferred to held-to-maturity Investment securities $ (44,009) $ (42,040) Total before tax (44,009) (42,040) Income tax benefit 8,802 8,407 Total net of tax $ (35,207) $ (33,633) Unrealized net gains on cash flow hedges Forward contracts Mortgage banking activities $ - $ 41 Total before tax - 41 Income tax expense - (15) Total net of tax $ - $ 26 Total reclassification $ (37,469) $ (36,615) |
Guarantees
Guarantees | 3 Months Ended |
Mar. 31, 2024 | |
Guarantees | |
Guarantees | Note 19 – Guarantees At March 31, 2024, the 1 1 balance of the obligations undertaken in issuing the guarantees under the standby letters of credit. Management does not anticipate any material losses related to these instruments. From time to time, the Corporation securitized mortgage loans into guaranteed mortgage-backed securities subject to limited, and in certain instances, lifetime credit has not 544 (December 31, 2023 - 561 with FNMA credit recourse loss. arrangements mortgage repurchased 0.6 (March 31, 2023 - $ 1 securing the the property underlying interest established to cover the estimated credit loss exposure related to loans sold 4 (December 31, 2023 - $ 4 The following table shows the changes in the Corporation’s liability of estimated losses related to loans serviced with credit recourse provisions during the quarters ended March 31, 2024 Quarters ended March 31, (In thousands) 2024 2023 Balance as of beginning of period $ 4,211 $ 6,897 Provision (benefit) for recourse liability 244 (654) Net charge-offs (102) (379) Balance as of end of period $ 4,353 $ 5,864 From time representations and warranties made in connection Servicing agreements sold or serviced to certain other investors, including FHLMC, of principal, Corporation serviced $ 9.7 2023 - $ 9.9 from liquidation proceeds when the mortgage VA insurance during the defaulted foreclosure proceedings and the 2024, approximately 48 49 servicing portfolio experience comply with its obligation to advance funds as well Popular, 100 % 94 addition, at both March 31, 2024 and 193 million applicable information on the trust preferred securities. |
Commitments and contingencies
Commitments and contingencies | 3 Months Ended |
Mar. 31, 2024 | |
Commitments and Contingencies Disclosure | |
Commitments And Contingencies | Note 20 – Commitments and contingencies Off-balance sheet risk The Corporation financial needs of its customers. These financial instruments These instruments involve, consolidated statements of financial condition. The commitments to extend credit, standby of those instruments. The does for those reflected on the consolidated statements Financial instruments with periods presented were as follows: (In thousands) March 31, 2024 December 31, 2023 Commitments to extend credit: Credit card lines $ 6,130,148 $ 6,108,939 Commercial lines of credit 3,661,556 3,626,269 Construction lines of credit 1,212,596 1,287,679 Other consumer unused credit commitments 257,059 256,610 Commercial letters of credit 1,234 1,404 Standby letters of credit 115,808 80,889 Commitments to originate or fund mortgage loans 29,524 32,968 At March 16.8 17 respectively, for potential losses associated with unfunded loan commitments Other commitments At March 31, 3.3 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 $ 388 363 362 333 outstanding, 348 16 314 19 Substantially all municipalities. In most cases, these were “general obligations” of a municipality, to which good pledged other revenues. At March 31, 2024, 78 % of the Corporation’s exposure to municipal loans and securities in the municipalities of San Juan, Guaynabo, Carolina The following table details the loans and investments representing the Corporation’s direct exposure to according to their maturities as of March 31, 2024: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 3 $ - $ 3 $ 3 After 5 to 10 years 1 - 1 1 After 10 years 42 - 42 42 Total Central 46 - 46 46 Municipalities Within 1 year 3,055 13,218 16,273 41,273 After 1 to 5 years 11,620 141,519 153,139 153,139 After 5 to 10 years 845 145,965 146,810 146,810 After 10 years - 46,823 46,823 46,823 Total Municipalities 15,520 347,525 363,045 388,045 Total Direct Government $ 15,566 $ 347,525 $ 363,091 $ 388,091 In addition, at March 233 entities but for 238 $ 187 instrumentality 191 mortgage loans event of a 39 million in HFA also provides (December 31, 40 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 1.9 92.4 Government or 1.9 89.2 The Corporation also had within the Statements. At 28 million 28 number of service their outstanding debt obligations. At March 31, 2024, the Corporation had operations in the British Virgin Islands (“BVI”), which COVID-19 pandemic, particularly due to a reduction in Although the amounting to 208 205 million at December 31, 2023. FDIC Special Assessment On assessment (the “FDIC March 2023, with the 71.4 million, $ 45.3 During the quarter ended March 31, 2024, the Corporation 14.3 9.1 reflect the 16.3 20.4 special assessment collected varies. 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 15.8 of March 31, 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 Insufficient Funds and Overdraft Fees Class Actions Popular, Inc. was before alleged breach consumer plaintiffs’ theory, Positive, transactions grounds, Voluntary complaint in Puerto following a Motion to such parties with the U.S.V.I. November 2020 and filed a Motion to Dismiss In October 2022, the parties reached a settlement in principle on a class-wide basis subject to final court approval. In January 2023, the parties filed issued September 8, 2023. On September 29, 2023, the Court issued an Opinion and Order granting final approval 2023, the Court after approximately approved by the Court on February 20, 2024. 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. The complaint are held for settlement. Popular waived service of process Plaintiff filed a Notice of Voluntary Dismissal in April 2022. On May Popular Community Plaintiff (“PB”) filed a new Motion to Compel Arbitration. On December 9, 2022, the PB filed a Notice of Appeal with the United On January Arbitration. After remand to the U.S. District Court, on March 19, 2024, the court issued an Order adjourning all dates and deadlines including the hearing held on May 2, 2024, the parties reached |
Non-consolidated variable inter
Non-consolidated variable interest entities | 3 Months Ended |
Mar. 31, 2024 | |
Variable Interest Entity | |
Variable interest entity disclosure | Note 21 – Non-consolidated variable interest The Corporation is three are deemed to be variable interest entities (“VIEs”) since the equity investors at risk have no substantial decision-making rights. The Corporation does not the predetermined through sponsor is guaranteeing its own debt. Also, the including The exposure at . These entities guaranteed loan retained. The Corporation is not required to provide additional financial support to transferred Consolidated essentially, collateral, require can remove a agencies (FNMA and GNMA) have the obligation The mortgage obligations, including those securities originated by the Corporation and those acquired from Corporation holds agency mortgage-backed securities which information on the debt securities outstanding at March 31, and variable sponsored special purpose entities (“SPEs”) and may also purchase the right to service loans in other government-sponsored SPEs that were transferred to those SPEs by a third-party. The following non-consolidated VIEs FNMA loans at March 31, 2024 and December (In thousands) March 31,2024 December 31, 2023 Assets Servicing assets: Mortgage servicing rights $ 90,254 $ 92,999 Total servicing $ 90,254 $ 92,999 Other assets: Servicing advances $ 6,993 $ 6,291 Total other assets $ 6,993 $ 6,291 Total assets $ 97,247 $ 99,290 Maximum exposure to loss $ 97,247 $ 99,290 The size of the total unpaid principal balance of the loans, 7.0 7.2 The Corporation servicing advances at March as part of the maximum exposure to loss since ASU 2009-17 requires that an ongoing primary beneficiary assessment should be made to determine whether the Corporation is the primary beneficiary of any of the VIEs it is changed therefore, these VIEs are not required to be consolidated |
Related party transactions
Related party transactions | 3 Months Ended |
Mar. 31, 2024 | |
Related Party Transactions | |
Related Party Transactions | Note 22 – Related party transactions Centro Financiero BHD, S.A. At March 31, 2024, the Corporation had a 15.84 % equity interest in Centro Financiero BHD, S.A. (“BHD”), and financial services groups 7.3 million in equity pickup from its investment in BHD (March 31, 9.1 233.2 March 31, 2024 (December 225.9 no BHD León during the quarters ended March 31, 2024 Investment Companies The Corporation, companies registered BPPR, also average net these investment companies as related parties. For the quarter ended March 31, 2024, administrative fees charged to these investment companies amounted to $ 0.6 31, 2023 - 0.6 0.2 0.2 0.4 31, 2023 - $ 0.4 |
Fair value measurement
Fair value measurement | 3 Months Ended |
Mar. 31, 2024 | |
Fair Value Disclosures | |
Fair Value Measurement | Note 23 – Fair value measurement ASC Subtopic valuation techniques measurements and disclosures. The hierarchy is broken ● Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Corporation has the ability to access at since valuations are based on quoted prices that ● Level 2 - Quoted prices other than those included in Level 1 that are observable either directly or indirectly. include liabilities in market data for substantially the full term of the ● Level - Corporation’s own judgements about assumptions that The observable inputs be used when are curves, interest rates, that the financial instrument’s These adjustments include amounts that reflect counterparty credit quality, and unobservable parameters that are applied consistently. to estimate the fair value of assets and liabilities from The estimated fair financial instruments. Changes in the underlying assumptions Fair Value on a Recurring and Nonrecurring Basis The following fair value hierarchy tables a recurring basis at March 31, 2024 and December At March 31, 2024 (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 $ 6,262,480 $ 6,026,731 $ - $ - $ 12,289,211 Collateralized mortgage obligations - federal agencies - 127,608 - - 127,608 Mortgage-backed securities - 5,597,993 607 - 5,598,600 Other - 5 2,000 - 2,005 Total debt securities $ 6,262,480 $ 11,752,337 $ 2,607 $ - $ 18,017,424 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 8,316 $ - $ - $ - $ 8,316 Obligations of Puerto Rico, States and political subdivisions - 60 - - 60 Collateralized mortgage obligations - 90 - - 90 Mortgage-backed securities - 18,587 84 - 18,671 Other - - 166 - 166 Total trading account derivatives $ 8,316 $ 18,737 $ 250 $ - $ 27,303 Equity securities $ - $ 40,933 $ - $ 336 $ 41,269 Mortgage servicing rights - - 114,964 - 114,964 Loans held-for-sale - 5,352 - - 5,352 Derivatives - 24,045 - - 24,045 Total assets measured recurring basis $ 6,270,796 $ 11,841,404 $ 117,821 $ 336 $ 18,230,357 Liabilities Derivatives $ - $ (21,784) $ - $ - $ (21,784) Total liabilities measured recurring basis $ - $ (21,784) $ - $ - $ (21,784) At December 31, 2023 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE Assets Debt securities available-for-sale: U.S. Treasury securities $ 3,936,036 $ 6,811,025 $ - $ - $ 10,747,061 Collateralized mortgage obligations - federal agencies - 134,686 - - 134,686 Mortgage-backed securities - 5,844,180 606 - 5,844,786 Other - 11 2,500 - 2,511 Total debt securities $ 3,936,036 $ 12,789,902 $ 3,106 $ - $ 16,729,044 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 16,859 $ - $ - $ - $ 16,859 Obligations of Puerto Rico, States and political subdivisions - 71 - - 71 Collateralized mortgage obligations - 93 5 - 98 Mortgage-backed securities - 14,261 112 - 14,373 Other - - 167 - 167 Total trading account derivatives $ 16,859 $ 14,425 $ 284 $ - $ 31,568 Equity securities $ - $ 37,965 $ - $ 310 $ 38,275 Mortgage servicing rights - - 118,109 - 118,109 Loans held-for-sale - 3,239 - - 3,239 Derivatives - 24,419 - - 24,419 Total assets measured recurring basis $ 3,952,895 $ 12,869,950 $ 121,499 $ 310 $ 16,944,654 Liabilities Derivatives $ - $ (21,103) $ - $ - $ (21,103) Total liabilities measured recurring basis $ - $ (21,103) $ - $ - $ (21,103) Beginning in the first quarter of 2023, the Corporation has elected the fair value option for sale. This election better aligns with the management Loans held-for-sale measured at fair value Loans held-for-sale measured at fair value were priced The mortgage loans originated as held-for-sale measured (In thousands) March 31, 2024 Aggregate Unpaid Fair Value Principal Balance Difference Loans held for sale $ 5,352 $ 5,285 $ 67 (In thousands) December 31, 2023 Aggregate Unpaid Fair Value Principal Balance Difference Loans held for sale $ 3,239 $ 3,202 $ 37 No For the quarter the fair value option, were not considered material. The fair value information included in the following was recorded during the quarters ended March 31, longer outstanding as of the reporting date. Quarter ended March 31, 2024 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE Assets Write-downs Loans [1] $ - $ - $ 110 $ 110 $ (2,172) Other real estate owned [2] - - 1,416 1,416 (224) Other foreclosed assets [2] - - 105 105 (41) Total assets measured $ - $ - $ 1,631 $ 1,631 $ (2,437) [1] Relates mainly to certain impaired collateral dependent loans. derived from appraisals that take into consideration prices excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and excluded from the reported fair value amount. Quarter ended March 31, 2023 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE Assets Write-downs Loans [1] $ - $ - $ 1,629 $ 1,629 $ (3) Other real estate owned [2] - - 2,330 2,330 (628) Other foreclosed assets [2] - - 15 15 (4) Total assets measured $ - $ - $ 3,974 $ 3,974 $ (635) [1] Relates mainly to certain impaired collateral dependent loans. derived from appraisals that take into consideration prices excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and excluded from the reported fair value amount. The following tables present the changes in Level 3 assets and liabilities measured at fair value on a recurring basis for the quarters ended March 31, 2024 and 2023. Quarter ended March 31, 2024 MBS Other CMOs MBS Other classified securities classified classified securities as debt classified as as trading as trading classified securities account account as trading Mortgage available- available- account debt servicing Total (In thousands) for-sale for-sale securities securities securities rights assets Balance at December 31, 2023 $ 606 $ 2,500 $ 5 $ 112 $ 167 $ 118,109 $ 121,499 Gains (losses) included in earnings - (500) - - (1) (3,439) (3,940) Gains (losses) included in OCI 1 - - - - - 1 Additions - - - - - 294 294 Settlements - - (5) (28) - - (33) Balance at March 31, 2024 $ 607 $ 2,000 $ - $ 84 $ 166 $ 114,964 $ 117,821 Changes in unrealized gains (losses) included in earnings relating to assets still held at March 31, 2024 $ - $ (500) $ - $ - $ 2 $ (1,202) $ (1,700) Quarter ended March 31, 2023 MBS Other Other classified securities CMOs MBS securities as debt classified as classified classified classified securities debt securities as trading as trading as trading Mortgage available- available- account debt account debt account debt servicing Total (In thousands) for-sale for-sale securities securities securities rights assets Balance at December 31, 2022 $ 711 $ 1,000 $ 113 $ 215 $ 207 $ 128,350 $ 130,596 Gains (losses) included in earnings - - - (1) (8) (1,376) (1,385) Gains (losses) included in OCI (6) - - - - - (6) Additions - - - - - 501 501 Settlements (50) - (25) (26) - - (101) Balance at March 31, 2023 $ 655 $ 1,000 $ 88 $ 188 $ 199 $ 127,475 $ 129,605 Changes in unrealized gains (losses) included in earnings relating to assets still held at March 31, 2023 $ - $ - $ - $ - $ 9 $ 1,286 $ 1,295 Gains and losses (realized and unrealized) included in earnings for the quarters ended March 31, 2024 and 2023 for and liabilities included in the previous tables Quarter ended March 31, 2024 Quarter ended March 31, 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 $ (3,439) $ (1,202) $ (1,376) $ 1,286 Trading account (loss) profit (1) 2 (9) 9 Provision for credit losses (500) (500) - - Total $ (3,940) $ (1,700) $ (1,385) $ 1,295 The following instruments, excluding those instruments of prior transactions and/or unadjusted third-party pricing Fair value at (In thousands) 2024 Valuation technique Unobservable inputs Weighted average (range) [1] Other - trading $ 166 Discounted cash flow model Weighted average life 2.3 Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 110 [2] External appraisal Haircut applied on external appraisals 10.0% [1] Weighted average of significant unobservable inputs [2] Loans held-in-portfolio in which haircuts were not applied Fair value at (In thousands) 2023 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 88 Discounted cash flow model Weighted average life 0.3 0.1 0.5 Yield 4.9 % ( 4.9 % - 5.4 %) Prepayment speed 9.2 % ( 8.3 % - 27.8 %) Other - trading $ 199 Discounted cash flow model Weighted average life 2.5 Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 1,560 [2] External appraisal Haircut applied on external appraisals 35 .0% [1] Weighted average of significant unobservable inputs [2] Loans held-in-portfolio in which haircuts were not applied |
Fair value of financial instrum
Fair value of financial instruments | 3 Months Ended |
Mar. 31, 2024 | |
Fair Value Disclosures | |
Fair Value of Financial Instruments | Note 24 – Fair value of financial instruments The fair between available, fair values have been estimated using present best judgment with respect to current economic conditions, including discount rates, estimates of future cash flows, and prepayment assumptions. Many of these in actual transactions. The fair values 31, 2023, as applicable. In different interest rate environments, rate generating businesses concern. There have been each class of financial assets and liabilities not measured at The following tables present the the fair estimate of the underlying value of the Corporation. March 31, 2024 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 320,486 $ 320,486 $ - $ - $ - $ 320,486 Money market investments 5,928,578 5,920,785 7,793 - - 5,928,578 Trading account debt securities, excluding [1] 27,303 8,316 18,737 250 - 27,303 Debt securities available-for-sale [1] 18,017,424 6,262,480 11,752,337 2,607 - 18,017,424 Debt securities held-to-maturity: U.S. Treasury securities $ 8,013,952 $ - $ 7,894,800 $ - $ - $ 7,894,800 Obligations of Puerto Rico, States and political subdivisions 55,981 - 6,918 49,284 - 56,202 Collateralized mortgage obligation-federal agency 1,536 - 1,364 - - 1,364 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities $ 8,077,429 $ - $ 7,909,042 $ 49,284 $ - $ 7,958,326 Equity securities: FHLB stock $ 48,604 $ - $ 48,604 $ - $ - $ 48,604 FRB stock 99,920 - 99,920 - - 99,920 Other investments 47,223 - 40,933 6,531 336 47,800 Total equity securities $ 195,747 $ - $ 189,457 $ 6,531 $ 336 $ 196,324 Loans held-for-sale $ 5,352 $ - $ 5,532 $ - $ - $ 5,532 Loans held-in-portfolio 34,379,194 - - 33,249,195 - 33,249,195 Mortgage servicing rights 114,964 - - 114,964 - 114,964 Derivatives 24,045 - 24,045 - - 24,045 March 31, 2024 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 55,053,712 $ - $ 55,053,712 $ - $ - $ 55,053,712 Time deposits 8,755,072 - 8,430,548 - - 8,430,548 Total deposits $ 63,808,784 $ - $ 63,484,260 $ - $ - $ 63,484,260 Assets sold under agreements to repurchase $ 66,090 $ - $ 66,088 $ - $ - $ 66,088 Notes payable: FHLB advances $ 373,665 $ - $ 358,046 $ - $ - $ 358,046 Unsecured senior debt securities 394,285 - 410,228 - - 410,228 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,353 - 187,383 - - 187,383 Total notes payable $ 966,303 $ - $ 955,657 $ - $ - $ 955,657 Derivatives $ 21,784 $ - $ 21,784 $ - $ - $ 21,784 [1] Refer to Note 23 to the Consolidated Financial Statements December 31, 2023 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 420,462 $ 420,462 $ - $ - $ - $ 420,462 Money market investments 6,998,871 6,991,758 7,113 - - 6,998,871 Trading account debt securities, excluding [1] 31,568 16,859 14,425 284 - 31,568 Debt securities available-for-sale [1] 16,729,044 3,936,036 12,789,902 3,106 - 16,729,044 Debt securities held-to-maturity: U.S. Treasury securities $ 8,121,411 $ - $ 8,092,339 $ - $ - $ 8,092,339 Obligations of Puerto Rico, States and political subdivisions 59,628 - 7,007 52,671 - 59,678 Collateralized mortgage 1,556 - 1,395 13 - 1,408 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities $ 8,188,555 $ - $ 8,106,701 $ 52,684 $ - $ 8,159,385 Equity securities: FHLB stock $ 49,549 $ - $ 49,549 $ - $ - $ 49,549 FRB stock 98,948 - 98,948 - - 98,948 Other investments 45,229 - 37,965 7,869 310 46,144 Total equity securities $ 193,726 $ - $ 186,462 $ 7,869 $ 310 $ 194,641 Loans held-for-sale $ 4,301 $ - $ 4,328 $ - $ - $ 4,328 Loans held-in-portfolio 34,335,630 - - 33,376,255 - 33,376,255 Mortgage servicing rights 118,109 - - 118,109 - 118,109 Derivatives 24,419 - 24,419 - - 24,419 December 31, 2023 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 55,116,351 $ - $ 55,116,351 $ - $ - $ 55,116,351 Time deposits 8,501,892 - 8,154,823 - - 8,154,823 Total deposits $ 63,618,243 $ - $ 63,271,174 $ - $ - $ 63,271,174 Assets sold under agreements to repurchase $ 91,384 $ - $ 91,386 $ - $ - $ 91,386 Notes payable: FHLB advances $ 394,665 $ - $ 377,851 $ - $ - $ 377,851 Unsecured senior debt securities 393,937 - 400,848 - - 400,848 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,346 - 180,076 - - 180,076 Total notes payable $ 986,948 $ - $ 958,775 $ - $ - $ 958,775 Derivatives $ 21,103 $ - $ 21,103 $ - $ - $ 21,103 [1] Refer to Note 23 to the Consolidated Financial Statements The notional 11 10 respectively, and March 31, 117 82 that is required to be paid in the event of nonperformance. The fair are based on the fees charged to enter into those |
Net income per common share
Net income per common share | 3 Months Ended |
Mar. 31, 2024 | |
Earnings Per Share | |
Net Income (Loss) Per Common Share | Note 25 – Net income per common share The following table March 31, 2024 and 2023 : Quarters ended March 31, (In thousands, except per share information) 2024 2023 Net income $ 103,283 $ 158,979 Preferred stock dividends (353) (353) Net income applicable to common stock $ 102,930 $ 158,626 Average common shares outstanding 71,869,735 71,541,778 Average potential dilutive common shares 97,068 64,418 Average common shares outstanding - assuming dilution 71,966,803 71,606,196 Basic EPS $ 1.43 $ 2.22 Diluted EPS $ 1.43 $ 2.22 For the quarters the December Financial Statements included in the 2023 Form 10-K. |
Revenue from contract with cust
Revenue from contract with customers | 3 Months Ended |
Mar. 31, 2024 | |
Revenue From Contract With Customer Abstract | |
Revenue From Contract With Customer Text Block | Note 26 – Revenue from contracts with customers The quarters ended March 31, 2024 and 2023 Quarters ended March 31, (In thousands) 2024 2023 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 35,016 $ 2,426 $ 32,152 $ 2,526 Other service fees: Debit card fees 14,049 199 12,948 218 Insurance fees, excluding reinsurance 10,556 1,846 10,798 1,307 Credit card fees, excluding late fees and membership 35,800 458 36,174 579 Sale and administration of investment products 7,427 - 6,558 - Trust fees 6,985 - 5,896 - Total revenue from [1] $ 109,833 $ 4,929 $ 104,526 $ 4,630 [1] The amounts include intersegment transactions of $ 0.6 1.6 Revenue from contracts with transferring the control obligation satisfied obligation satisfied at a point in time amount of revenue services. In determining the transaction price, the Corporation considers the effects of variable consideration. Variable consideration is included recognized will before they consideration to which it expects to an agent if it does not control an agent, revenues are presented in the amount Following is a description of the nature and timing Service charges on deposit accounts Service nonsufficient fund time, Corporation is acting as principal in these transactions. Debit card fees Debit card fees include, but are not limited to, interchange based fees triggers Corporation is acting as principal in these transactions. Insurance fees Insurance fees when related date. commissions Corporation is acting the sale. Credit card fees Credit card foreign transaction fees, and returned payments activity or acting as principal in these transactions. Sale and administration of investment products Fees from investment products, asset management fees, underwriting Commission income from investment products is recognized on the trade date since clearing, trade execution, and custody services are satisfied when brokerage contracts have no fixed duration and transactions since it economic benefits of investment products. Asset management fee market and thus as principal. Underwriting fees are the broker-dealer subsidiary is lead principal. Mutual fund fees, of the fees to be services substantially the same and have the same pattern of as principal. In turn, when it acts as third-party dealer, it is acting Trust fees Trust fees and provision of obligation Revenues are recognized in manager, it has the obligation to provide the specified service to the customer and paid by the customer for the specified services. |
Leases
Leases | 3 Months Ended |
Mar. 31, 2024 | |
Leases [Abstract] | |
Leases | Note 27 – Leases The These contracts generally do 0.1 30.8 years 20 obtain substantially all of the economic benefits from The Corporation Consolidated Statements of Financial Condition under the caption of other assets and other liabilities, respectively. Refer to Note 12 and liabilities. The Corporation uses the since it and subsidiaries, a credit spread is added to this rate The following table presents the undiscounted March 31, 2024 (In thousands) Remaining 2024 2025 2026 2027 2028 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 23,167 $ 28,327 $ 19,932 $ 14,531 $ 12,074 40,740 $ 138,771 $ (17,438) $ 121,333 Finance Leases 3,380 4,605 4,374 3,017 2,344 10,434 28,154 (3,257) 24,897 The following table presents the lease cost recognized Quarters ended March 31, (In thousands) 2024 2023 Finance lease cost: Amortization of ROU assets $ 748 $ 824 Interest on lease liabilities 237 296 Operating lease cost 7,688 7,854 Short-term lease cost 116 73 Variable lease cost 69 56 Sublease income (20) (9) Total lease cost [1] $ 8,838 $ 9,094 [1] Total lease cost The leases. Quarters ended March 31, (Dollars in thousands) 2024 2023 Cash paid for amounts included in the measurement of Operating cash flows from operating leases $ 7,771 $ 7,754 Operating cash flows from finance leases 237 296 Financing cash flows from finance leases 881 804 ROU assets obtained in exchange for new lease obligations: Operating leases $ 1,127 $ 967 Finance leases - 1,796 Weighted-average remaining lease term: Operating leases 7.2 years 7.3 years Finance leases 8.2 years 8.2 years Weighted-average discount rate: Operating leases 3.3 % 3.0 % Finance leases 3.8 % 4.1 % As of March 31, 2024, the Corporation had additional contract amount of $ 3.9 10 20 |
Pension and Postretirement Bene
Pension and Postretirement Benefits | 3 Months Ended |
Mar. 31, 2024 | |
Employee benefits | |
Pension and postretirement benefits | Note 28 – 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 March 31, Quarter ended March 31, (In thousands) 2024 2023 2024 2023 Personnel Cost: $ - $ - $ 32 $ 48 Other operating expenses: 7,558 7,887 1,421 1,520 (8,594) (8,591) - - - - - - 4,166 5,366 (548) (553) Total net periodic $ 3,130 $ 4,662 $ 905 $ 1,015 The Corporation paid the following contributions to the plans for the quarter contributions for the year ending December 31, 2024. For the quarter ended For the year ending (In thousands) March 31, 2024 December 31, 2024 Pension Plans $ 57 $ 228 OPEB Plan $ 1,597 $ 5,744 |
Stock-based compensation
Stock-based compensation | 3 Months Ended |
Mar. 31, 2024 | |
Disclosure of compensation related costs sharebased payments [Abstract] | |
Stock-based Compensation | Note 29 - Stock-based compensation On May 12, Corporation to subsidiaries (the was in effect the “Incentive Plan”). Participants under the Incentive Plan are designated by the Talent and Compensation Committee of the Board of Directors (or its delegate, as determined by the Board). Under the Incentive Plan, the Corporation has issued restricted stock and performance shares to its employees and restricted The restricted with Unless otherwise stated in an agreement, the compensation cost associated with the shares of restricted stock granted prior to 2021 was determined based on a two-prong vesting schedule. The first part is vested ratably over five or four years commencing at the date of grant (“the graduated vesting portion”) and the second part is vested at termination of employment after attainment of 55 years of age and 10 years of service or 60 years of age and 5 years of service (“the retirement vesting portion”). The graduated vesting portion is accelerated at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service. Restricted stock granted on or after 2021 will vest ratably in equal annual installments over a period of 4 years or 3 years, depending on the classification of the employee. The vesting schedule is accelerated at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service. The common stock provided that the Corporation achieves certain goals during a three-year performance cycle. on Common Equity based performance. based on weighted and The number of shares that will ultimately vest ranges from 50% to a 150% of target based on both market (TSR) and performance (ROATCE) conditions. The performance shares vest at the end of the three-year performance cycle. If a participant terminates employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service, the performance shares shall continue outstanding and vest at the end of the performance cycle. The management. (Not in thousands) Shares Weighted-Average Grant Date Fair Value Non-vested at December 31, 2022 281,963 $ 56.50 Granted 257,757 66.01 Performance Shares Quantity Adjustment 19,753 75.32 Vested (243,133) 66.31 Forfeited (16,444) 55.82 Non-vested at December 31, 2023 299,896 $ 58.20 Granted 143,084 85.57 Performance Shares Quantity Adjustment 33,858 88.92 Vested (185,177) 79.81 Forfeited 411 69.92 Non-vested at March 31, 2024 292,072 $ 61.48 During the 77,859 69,488 ) and 65,225 shares (March 31, 2023 - 57,715 ) were awarded to management under the During 6.4 management incentive awards, with a tax benefit of $ 0.6 4.4 0.3 the quarter ended 9.5 grant date 13.2 1.4 recorded as a 5.0 performance shares expense, with a tax benefit of $ 0.3 3.6 0.1 total management at March 31, 2024 was $ 11.4 1.79 The following table summarizes the restricted stock (Not in thousands) RSUs / Unrestricted stock Weighted-Average Date Fair Value per Unit Non-vested at December 31, 2022 - $ - Granted 39,104 55.30 Vested (39,104) 55.30 Forfeited - - Non-vested at December 31, 2023 - $ - Granted 1,195 82.08 Vested (1,195) 82.08 Forfeited - - Non-vested at March 31, 2024 - $ - The forfeitable on the common stock or RSUs, at the Directors’ election. If RSUs are elected stock underlying the RSUs award after their retirement. common stock, the Directors During the quarter ended March 31, 1,195 1,029 ). the Corporation 98 18 (March 31, 2023 67 13 quarter ended March 31, 2024 for Directors was 98 |
Income taxes
Income taxes | 3 Months Ended |
Mar. 31, 2024 | |
Income Tax Disclosure | |
Income Taxes | Note 30 – Income taxes The reason for the difference between the income amount computed by applying the statutory tax rate Quarters ended March 31, 2024 March 31, 2023 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 59,569 38 % $ 76,985 38 % Net benefit of tax exempt interest income (28,759) (18) (21,902) (11) Effect of income subject to preferential tax rate (1,420) (1) (855) - Deferred tax asset valuation allowance 2,563 1 (4,565) (2) Difference in tax rates due to multiple jurisdictions (673) - (5,169) (3) Tax on intercompany [1] 24,325 16 - - U.S., States, and local taxes 1,036 - 3,355 2 Others (1,073) (1) (1,535) (1) Income tax expense $ 55,568 35 % $ 46,314 23 % [1] Includes $ 16.5 For the quarter ended March 31, 2024, 55.6 46.3 for the 23.0 related 16.5 Corporation’s U.S. subsidiary’s non-payment of Puerto Rico, 5.5 5.4 should have been 5.6 result of $ 53.7 6.5 reflect the U.S. federal tax withholding liability and estimated related Puerto Rico income tax arising from a $ 50 during the quarter. credit expected to be realized on the U.S. operations. The following table presents a breakdown of the March 31, 2024 PR US Total Deferred tax assets: Tax credits available $ 263 $ 10,749 $ 11,012 Net operating loss and other carryforward available 53,852 619,457 673,309 Postretirement and pension benefits 37,314 - 37,314 Allowance for credit losses 246,566 29,866 276,432 Depreciation 6,774 6,651 13,425 FDIC-assisted transaction 152,665 - 152,665 Lease liability 28,280 19,272 47,552 Unrealized net loss on investment securities 309,191 20,406 329,597 Difference in outside basis from pass-through entities 44,008 - 44,008 Mortgage Servicing Rights 14,378 - 14,378 Other temporary differences 49,600 10,041 59,641 Total gross deferred 942,891 716,442 1,659,333 Deferred tax liabilities: Intangibles 85,564 52,715 138,279 Right of use assets 25,839 16,940 42,779 Deferred loan origination fees/cost (823) 2,085 1,262 Loans acquired 19,703 - 19,703 Other temporary differences 6,854 422 7,276 Total gross deferred 137,137 72,162 209,299 Valuation allowance 71,380 378,910 450,290 Net deferred tax asset $ 734,374 $ 265,370 $ 999,744 PR US Total Deferred tax assets: Tax credits available $ 263 $ 10,281 $ 10,544 Net operating loss and other carryforward available 122,634 620,982 743,616 Postretirement and pension benefits 38,121 - 38,121 Allowance for credit losses 244,956 28,222 273,178 Depreciation 6,774 6,578 13,352 FDIC-assisted transaction 152,665 - 152,665 Lease liability 29,070 20,492 49,562 Unrealized net loss on investment securities 312,583 19,037 331,620 Difference in outside basis from pass-through entities 46,056 - 46,056 Mortgage Servicing Rights 14,085 - 14,085 Other temporary differences 47,679 9,625 57,304 Total gross deferred 1,014,886 715,217 1,730,103 Deferred tax liabilities: Intangibles 84,635 51,944 136,579 Right of use assets 26,648 18,030 44,678 Deferred loan origination fees/cost (1,056) 1,486 430 Loans acquired 20,430 - 20,430 Other temporary differences 6,402 422 6,824 Total gross deferred 137,059 71,882 208,941 Valuation allowance 139,347 374,035 513,382 Net deferred tax asset $ 738,480 $ 269,300 $ 1,007,780 The net condition as $ 1.0 1.0 1.3 deferred 1.3 assets United States. At 644 approximately $ 379 265 evaluates the profitability objectively verifiable positive evidence, evaluated together with length of years, including geopolitical uncertainty that have resulted in after weighting all positive 265 million Corporation carryforward period, together with the historical level to initiative, deposit combination of changes in these factors could impact At March 734 Corporation’s Puerto Rico verifiable positive evidence that outweighs any the concluded that it is more likely than not that such net The Holding Company operation has been in a cumulative trend suggests that positive Company will not be allowance on the deferred tax assets of $ 71 The reconciliation of unrecognized tax benefits, excluding (In millions) 2024 2023 Balance at January 1 $ 1.5 $ 2.5 Balance at March 31 $ 1.5 $ 2.5 At March 31, 2.3 (December 31, 2023 - $ 2.3 30 $ 56 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 $ 2.9 million at March 31, 2024 (December 31, 2023 - $ 2.9 The amount of current judgment about uncertain tax positions. next 12 months. The political subdivisions, Federal jurisdiction: 2020 and thereafter; and |
Supplemental disclosure on the
Supplemental disclosure on the consolidated statements of cash flows | 3 Months Ended |
Mar. 31, 2024 | |
Supplemental Cash Flow Information | |
Supplemental Disclosure on the Consolidated Statements of Cash Flows | Note 31 – Supplemental disclosure on the consolidated Additional disclosures on cash flow information and non-cash are listed in the following table: (In thousands) March 31, 2024 March 31, 2023 Non-cash activities: $ 16,133 $ 18,367 20,224 17,343 36,357 35,710 13,464 2,778 2,725 3,203 13,689 13,232 16,414 16,435 22,495 14,105 2,763 2,475 1,722 1,500 [1] 2,205 10,966 45 10,307 45 402 125,000 99,620 294 501 2,181 855 1,152 2,699 [1] Includes loans securitized into trading securities and subsequently The following table provides a reconciliation of Statement of Financial Condition that sum to the total of Flows. (In thousands) March 31, 2024 March 31, 2023 Cash and due from banks $ 305,869 $ 427,160 Restricted cash and due from banks 14,617 34,853 Restricted cash in money market investments 7,793 7,173 Total cash and due [2] $ 328,279 $ 469,186 [2] Refer to Note 4 - Restrictions on cash and due from banks |
Segment reporting
Segment reporting | 3 Months Ended |
Mar. 31, 2024 | |
Segment reporting disclosure | |
Segment Reporting | Note 32 – 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 the Corporation’s investments accounted for under The reportable segments are primarily conducted at market rates, resulting of operations. The tables that follow present the results of operations 2024 For the quarter ended March 31, 2024 Intersegment (In thousands) BPPR Popular U.S. Eliminations Net interest income $ 472,841 $ 84,853 $ - Provision for credit losses 60,680 11,435 - Non-interest income 145,669 7,120 (56) Amortization of intangibles 484 311 - Depreciation expense 13,009 1,943 - Other operating expenses 393,805 67,788 (56) Income tax expense 29,206 3,456 - Net income $ 121,326 $ 7,040 $ - Segment assets $ 57,250,662 $ 13,686,037 $ (359,383) For the quarter ended March 31, 2024 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 557,694 $ (6,950) $ - $ 550,744 Provision for credit losses 72,115 483 - 72,598 Non-interest income 152,733 11,722 (637) 163,818 Amortization of intangibles 795 - - 795 Depreciation expense 14,952 409 - 15,361 Other operating expenses 461,537 6,611 (1,191) 466,957 Income tax expense 32,662 22,676 230 55,568 Net income (loss) $ 128,366 $ (25,407) $ 324 $ 103,283 Segment assets $ 70,577,316 $ 5,723,198 $ (5,363,575) $ 70,936,939 2023 For the quarter ended March 31, 2023 Intersegment (In thousands) BPPR Eliminations Net interest income $ 449,820 $ 90,086 $ 1 Provision for credit losses 45,708 2,065 - Non-interest income 147,471 6,384 (136) Amortization of intangibles 484 311 - Depreciation expense 11,669 1,814 - Other operating expenses 363,715 63,317 (136) Income tax expense 42,832 3,976 - Net income $ 132,883 $ 24,987 $ 1 Segment assets $ 55,770,442 $ 12,147,556 $ (541,534) For the quarter ended March 31, 2023 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 539,907 $ (8,251) $ - $ 531,656 Provision for credit losses (benefit) 47,773 (136) - 47,637 Non-interest income 153,719 9,714 (1,472) 161,961 Amortization of intangibles 795 - - 795 Depreciation expense 13,483 359 - 13,842 Other operating expenses 426,896 230 (1,076) 426,050 Income tax expense (benefit) 46,808 (321) (173) 46,314 Net income $ 157,871 $ 1,331 $ (223) $ 158,979 Segment assets $ 67,376,464 $ 5,803,751 $ (5,504,456) $ 67,675,759 Geographic Information The following information presents selected its business. The BPPR operations in through its New York no t participate in loans originated 23 the United States amounted to $ 1.5 1.5 106 31, 2023 - $ 106 526 528 592 (December 31, 2023 557 198 229 quarter 29.8 25.4 revenues from BPPR 10.6 during the first quarter of 2024 (March 31, 11.6 Geographic Information Quarter ended (In thousands) March 31, 2024 March 31, 2023 Revenues: [1] $ 565,744 $ 547,903 126,741 125,045 22,077 20,669 Total consolidated $ 714,562 $ 693,617 [1] Total revenues include including impairment on equity securities, net gain on trading other operating income. Selected Balance Sheet Information: (In thousands) March 31, 2024 December 31, 2023 Puerto Rico Total assets $ 54,507,722 $ 54,181,300 Loans 22,649,624 22,519,961 Deposits 51,350,879 51,282,007 United States Total assets $ 15,186,839 $ 15,343,156 Loans 11,931,955 12,006,012 Deposits 10,716,008 10,643,602 Other Total assets $ 1,242,378 $ 1,233,699 Loans 542,511 543,299 Deposits [1] 1,741,897 1,692,634 [1] Represents deposits from BPPR operations located in the |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Pay Vs Performance Disclosure [Line Items] | ||
Net income | $ 103,283 | $ 158,979 |
Insider Trading Arrangement
Insider Trading Arrangement | 3 Months Ended |
Mar. 31, 2024 | |
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) | 3 Months Ended |
Mar. 31, 2024 | |
Basis of presentation [Abstract] | |
Basis of presentation | Basis of Presentation The (unaudited) interim Consolidated Financial Statements are, in the opinion of management, a fair statement of the results periods reported consolidated statement of financial Statements of the Corporation for the year ended Certain prepared in condensed or omitted from the unaudited financial statements pursuant Commission. Statements of interim periods disclosed herein are not necessarily |
Income taxes | Tax impact on Intercompany Distributions The net 22.9 16.5 income tax expense and $ 6.4 the Corporation’s U.S. subsidiary’s non-payment of taxes on certain intercompany distributions in Puerto have been recognized of $ 5.5 5.4 5.6 the years prior to 2022. The $ 6.4 on the related late payment of the withholding tax, of which approximately $ 3.0 of 53.7 million. The issued December 31, 2024. |
Use of estimates in the preparation of financial statements | Use of Estimates in the Preparation of Financial Statements The preparation of financial requires management to make assets reporting period. Actual results could differ from those estimates. |
New Accounting Pronouncements (
New Accounting Pronouncements (Policies) | 3 Months Ended |
Mar. 31, 2024 | |
Accounting Policies | |
New accounting pronouncements policies | Recently Adopted Accounting Standards Updates 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 ("FASB") Update ("ASU") 2023-02 in March 2023, which Codification ("ASC") Topic 323 by permitting the election to apply the proportional amortization method to account for tax equity investments that generate income tax credits through investment in low-income-housing tax credit (LIHTC) structures and other tax credit programs if certain conditions are met. The ASU also eliminates the application of the ASC Subtopic 323-740 to LIHTC investments not accounted for using the proportional amortization method and instead requires the use of other guidance. January 1, 2024 The the not investments. FASB ASU 2023-01, Leases (Topic 842) - Common Control Arrangements The FASB issued ASU 2023-01 in March 2023, which amends ASC Topic 842 and requires the amortization leasehold improvements associated with common control leases over the useful life of the leasehold improvements to the common control group as long as the lessee controls the use of the underlying assets through a lease. In addition, the ASU requires companies to account for leasehold improvements associated with common control leases as a transfer between entities under common control through an adjustments to equity if, and when, the lessee no longer controls the use underlying asset. January 1, 2024 The the not improvements, however, it this amortization treatment associated with common control acquired on or after the effective date. FASB ASU 2022-03, Fair Value Measurement (Topic 820) - Fair Value Measurement of Equity Securities Subject to Contractual Sale Restriction The FASB issued ASU 2022-03 in June 2022, which clarifies that a contractual restriction that prohibits the sale of an equity security is not considered part of the unit of account of the equity security, therefore, is not considered in measuring its fair value. The ASU also provides enhanced disclosures for equity securities subject to a contractual sale restriction. January 1, 2024 The the pronouncement equity securities measured at with sale restrictions. Accounting Standards Updates Not Yet Adopted Standard Description Date of adoption Effect on the financial statements FASB ASU 2024-02, Codification Improvements— Amendments to Remove References to the Concepts Statements The 2024, which concept Accounting ASU and and authoritative guidance. January 1, 2025 The Corporation any guidance statements disclosures. FASB ASU 2024-01, Compensation - Stock Compensation (Topic 718) - Scope Application of Profits Interest and Similar Awards The FASB issued ASU 2024-01 in March 2024, which amends ASC Topic 718 by including an illustrative example to demonstrate how an entity would apply the scope guidance in paragraph 718-10-15-3 to determine whether profits interest awards should be accounted for in accordance with ASC reduce complexity and diversity in practice. January 1, 2025 The Corporation any guidance statements disclosures. FASB ASU 2023-09, Income Tax ( Topic Improvements to Income Tax Disclosures The December 2023, 740 rate disclosure of loss) income expense and foreign level. Disclosures that no longer were considered were removed from ASC Topic 740. January 1, 2025 The Corporation any guidance statements disclosures. FASB ASU 2023-08, Intangibles - Goodwill and Other - Crypto Assets (Subtopic 350-60) - Accounting for and Disclosure of Crypto Assets The December Subtopic assets statement reporting remeasurement income. disclosures reporting relevant information the individual crypto asset holdings. January 1, 2025 The Corporation does not expect to be impacted by the adoption of this ASU since it its platform users. FASB ASU 2023-07, Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures The November 2023, 280 about significant segment expenses. For fiscal years beginning on January 1, 2024 For interim periods within fiscal years beginning after January 1, 2025 The Corporation any guidance statements disclosures. Accounting Standards Updates Not Yet Adopted Standard Description Date of adoption Effect on the financial statements FASB ASU 2023-06, Disclosure Improvements - Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative The FASB 2023 presentation subtopics purpose requirements Regulation S-X and S-K. The date on which the SEC removes related disclosure requirements from Regulation S-X or Regulation S-K. If by June 30, 2027, the SEC has not removed the applicable requirements from Regulation S-X or Regulation S-K, the pending content of the related amendment will be removed from the Codification and will not become effective for any entity. The Corporation impacted since current requirements under Regulation S-X and S-K. FASB ASU 2023-05, Business Combinations - Joint Venture Formations (Subtopic 805-60) - Recognition and initial measurement The 2023, which to include specific ventures measure assumed. joint venture, upon formation, recognize and initially fair value. January 1, 2025 Upon Corporation will for liabilities ventures. |
Fair Value Measurement (Policie
Fair Value Measurement (Policies) | 3 Months Ended |
Mar. 31, 2024 | |
Accounting Policies | |
Fair value measurement policy | ASC Subtopic valuation techniques measurements and disclosures. The hierarchy is broken ● Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Corporation has the ability to access at since valuations are based on quoted prices that ● Level 2 - Quoted prices other than those included in Level 1 that are observable either directly or indirectly. include liabilities in market data for substantially the full term of the ● Level - Corporation’s own judgements about assumptions that The observable inputs be used when are curves, interest rates, that the financial instrument’s These adjustments include amounts that reflect counterparty credit quality, and unobservable parameters that are applied consistently. to estimate the fair value of assets and liabilities from The estimated fair financial instruments. Changes in the underlying assumptions |
Revenue from contracts with cus
Revenue from contracts with customers (Policies) | 3 Months Ended |
Mar. 31, 2024 | |
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. |
Debt securities available-for_2
Debt securities available-for-sale (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Investments [Abstract] | |
Debt Securities, Available-For-Sale | At March 31, 2024 Allowance Gross Gross Weighted Amortized for credit unrealized unrealized Fair average (In thousands) cost losses gains losses value yield U.S. Treasury securities Within 1 year $ 9,394,716 $ - 68 $ 60,864 $ 9,333,920 3.90 % After 1 to 5 years 2,825,336 - - 140,775 2,684,561 1.32 After 5 to 10 years 307,174 - - 36,444 270,730 1.63 Total U.S. Treasury 12,527,226 - 68 238,083 12,289,211 3.26 Collateralized mortgage obligations - federal agencies After 1 to 5 years 15,883 - - 813 15,070 1.54 After 5 to 10 years 19,189 - - 1,337 17,852 2.29 After 10 years 104,671 - 21 10,006 94,686 2.55 Total collateralized 139,743 - 21 12,156 127,608 2.40 Mortgage-backed securities - federal agencies Within 1 year 457 - - 5 452 2.06 After 1 to 5 years 78,628 - 6 3,683 74,951 2.36 After 5 to 10 years 817,332 - 181 56,576 760,937 2.33 After 10 years 5,897,090 - 449 1,135,279 4,762,260 1.65 Total mortgage-backed 6,793,507 - 636 1,195,543 5,598,600 1.74 Other Within 1 year 1,005 500 - - 505 4.00 After 1 to 5 years 1,500 - - - 1,500 8.50 Total other 2,505 500 - - 2,005 6.69 Total debt securities [1] $ 19,462,981 $ 500 725 $ 1,445,782 $ 18,017,424 2.72 % [1] 11.8 agreements that the secured parties are not permitted 11 .0 billion serve as collateral for public funds. Corporation had unpledged Available for Sale securities 6.2 At December 31, 2023 Gross Gross Weighted Amortized unrealized unrealized Fair average (In thousands) cost gains losses value yield U.S. Treasury securities Within 1 year $ 7,103,518 $ 526 $ 59,415 $ 7,044,629 3.51 % After 1 to 5 years 3,598,209 84 170,209 3,428,084 1.35 After 5 to 10 years 307,512 - 33,164 274,348 1.63 Total U.S. Treasury 11,009,239 610 262,788 10,747,061 2.75 Collateralized mortgage obligations - federal agencies After 1 to 5 years 17,899 - 838 17,061 1.55 After 5 to 10 years 20,503 2 1,321 19,184 2.28 After 10 years 108,280 29 9,868 98,441 2.54 Total collateralized 146,682 31 12,027 134,686 2.38 Mortgage-backed securities - federal agencies Within 1 year 637 - 3 634 3.72 After 1 to 5 years 82,310 11 3,536 78,785 2.34 After 5 to 10 years 792,431 75 48,250 744,256 2.28 After 10 years 6,067,353 667 1,046,909 5,021,111 1.64 Total mortgage-backed 6,942,731 753 1,098,698 5,844,786 1.72 Other Within 1 year 1,011 - - 1,011 4.00 After 1 to 5 years 1,500 - - 1,500 8.50 Total other 2,511 - - 2,511 6.69 Total debt securities [1] $ 18,101,163 $ 1,394 $ 1,373,513 $ 16,729,044 2.35 % [1] Includes $ 12 servicing agreements that the secured parties are not permitted 11.1 public funds. The Corporation had unpledged Available 4.6 borrowing facilities. |
Debt Securities Available For Sale Unrealized Loss Position Fair Value | At March 31, 2024 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 $ 4,845,109 $ 3,713 $ 5,809,606 $ 234,370 $ 10,654,715 $ 238,083 Collateralized mortgage obligations - federal agencies 2,127 2 123,238 12,154 125,365 12,156 Mortgage-backed securities 45,988 428 5,523,133 1,195,115 5,569,121 1,195,543 Total debt securities $ 4,893,224 $ 4,143 $ 11,455,977 $ 1,441,639 $ 16,349,201 $ 1,445,782 At December 31, 2023 Less than 12 months 12 months or more Total Gross Gross Gross Fair Fair Fair (In thousands) value losses value losses value losses U.S. Treasury securities $ 244,925 $ 5,126 $ 6,550,941 $ 257,662 $ 6,795,866 $ 262,788 Collateralized mortgage obligations - federal agencies 5,234 35 124,930 11,992 130,164 12,027 Mortgage-backed securities 37,118 405 5,779,260 1,098,293 5,816,378 1,098,698 Total debt securities $ 287,277 $ 5,566 $ 12,455,131 $ 1,367,947 $ 12,742,408 $ 1,373,513 |
Debt securities held-to-matur_2
Debt securities held-to-maturity (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Investments [Abstract] | |
Debt Securities, Held-to-maturity | At March 31, 2024 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 $ 597,620 $ 597,620 $ - $ 597,620 $ - $ 7,857 $ 589,763 2.61 % After 1 to 5 years 8,030,813 7,416,332 - 7,416,332 - 111,295 7,305,037 1.37 Total U.S. Treasury 8,628,433 8,013,952 - 8,013,952 - 119,152 7,894,800 1.46 Obligations of Puerto Rico, States and political subdivisions Within 1 year 3,055 3,055 11 3,044 7 6 3,045 6.23 After 1 to 5 years 18,615 18,615 135 18,480 68 130 18,418 3.60 After 5 to 10 years 845 845 28 817 28 - 845 5.80 After 10 years 39,197 39,197 5,557 33,640 2,890 2,636 33,894 1.42 Total obligations of political subdivisions 61,712 61,712 5,731 55,981 2,993 2,772 56,202 2.38 Collateralized mortgage obligations - federal agencies After 10 years 1,536 1,536 - 1,536 - 172 1,364 2.87 Total collateralized federal agencies 1,536 1,536 - 1,536 - 172 1,364 2.87 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 $ 8,697,641 $ 8,083,160 $ 5,731 $ 8,077,429 $ 2,993 $ 122,096 $ 7,958,326 1.47 % [1] Book value includes $ 614 certain securities previously transferred from available-for-sale [2] Includes $ 8 .0 billion pledged to secure public and trust deposits Corporation had unpledged held-to-maturities securities with 69.3 At December 31, 2023 Allowance Carrying Value Gross Gross Weighted Amortized Book [1] for Credit Net of unrealized unrealized Fair average (In thousands) cost Value Losses Allowance gains losses value yield U.S. Treasury securities Within 1 year $ 597,768 $ 597,768 $ - $ 597,768 $ - $ 7,526 $ 590,242 2.58 % After 1 to 5 years 7,971,072 7,335,159 - 7,335,159 637 21,996 7,313,800 1.39 After 5 to 10 years 211,061 188,484 - 188,484 - 187 188,297 1.50 Total U.S. Treasury 8,779,901 8,121,411 - 8,121,411 637 29,709 8,092,339 1.47 Obligations of Puerto Rico, States and political subdivisions ` Within 1 year 4,820 4,820 9 4,811 3 - 4,814 6.17 % After 1 to 5 years 20,171 20,171 147 20,024 96 125 19,995 3.80 After 5 to 10 years 845 845 28 817 28 - 845 5.80 After 10 years 39,572 39,572 5,596 33,976 2,814 2,766 34,024 1.41 Total obligations of political subdivisions 65,408 65,408 5,780 59,628 2,941 2,891 59,678 2.55 Collateralized mortgage obligations - federal agencies Within 1 year 13 13 - 13 - - 13 6.44 After 10 years 1,543 1,543 - 1,543 - 148 1,395 2.87 Total collateralized federal agencies 1,556 1,556 - 1,556 - 148 1,408 2.90 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 $ 8,852,825 $ 8,194,335 $ 5,780 $ 8,188,555 $ 3,578 $ 32,748 $ 8,159,385 1.48 % [1] Book value includes $ 658 securities transferred from available-for-sale securities 10-K. [2] Includes $ 8.1 Corporation had unpledged held-to-maturities securities with 67.3 |
Debt securities held to maturity credit quality indicator | At March 31, 2024 At December 31, 2023 (In thousands) Securities issued by Puerto Rico municipalities Watch $ 2,255 $ 2,255 Pass 13,265 16,565 Total $ 15,520 $ 18,820 |
Debt securities held to maturity allowance for credit loss | For the quarters ended March 31, 2024 2023 (In thousands) Obligations of Puerto Rico, States and political subdivisions Allowance for credit losses: Beginning balance $ 5,780 $ 6,911 Provision for credit losses (benefit) (49) (119) Securities charged-off - - Recoveries - - Ending balance $ 5,731 $ 6,792 |
Loans (Tables)
Loans (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Purchased Financial Assets With Credit Deterioration | Purchased Credit Deteriorated (PCD) Loans The Corporation has purchased loans during deterioration of credit quality since origination. The (In thousands) March 31, 2024 March 31, 2023 Purchase price of loans at acquisition $ 426 $ 255 Allowance for credit losses at acquisition 17 68 Non-credit discount / (premium) at acquisition - 9 Par value of acquired loans at acquisition $ 443 $ 332 |
Loans Held in Portfolio | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |
Past due financing receivables | The following tables present the and by loan class including those that are in non-performing status or that are accruing March 31, 2024 and December 31, 2023. March 31, 2024 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 $ 19,384 $ 2,027 $ 106 $ 21,517 $ 282,134 $ 303,651 $ 106 $ - Commercial real estate: Non-owner occupied 2,378 3,278 7,922 13,578 2,982,907 2,996,485 7,922 - Owner occupied 6,628 432 26,124 33,184 1,392,908 1,426,092 26,124 - Commercial and industrial 3,020 8,552 33,741 45,313 4,699,810 4,745,123 29,171 4,570 Construction - - - - 162,724 162,724 - - Mortgage 254,008 107,224 385,062 746,294 5,737,257 6,483,551 166,473 218,589 Leasing 19,936 4,752 7,267 31,955 1,733,458 1,765,413 7,267 - Consumer: Credit cards 13,034 9,528 23,858 46,420 1,095,716 1,142,136 - 23,858 Home equity lines of credit - 226 7 233 2,336 2,569 - 7 Personal 19,822 12,169 19,092 51,083 1,695,410 1,746,493 19,092 - Auto 82,957 18,420 41,807 143,184 3,563,670 3,706,854 41,807 - Other 1,022 150 939 2,111 151,567 153,678 632 307 Total $ 422,189 $ 166,758 $ 545,925 $ 1,134,872 $ 23,499,897 $ 24,634,769 $ 298,594 $ 247,331 March 31, 2024 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 $ 3,434 $ - $ 8,700 $ 12,134 $ 2,068,850 $ 2,080,984 $ 8,700 $ - Commercial real estate: Non-owner occupied 740 1,364 2,407 4,511 2,056,063 2,060,574 2,407 - Owner occupied 6,107 19,009 3,877 28,993 1,662,759 1,691,752 3,877 - Commercial and industrial 9,961 628 6,634 17,223 2,263,137 2,280,360 6,423 211 Construction 8,825 - - 8,825 837,754 846,579 - - Mortgage 25,558 533 28,071 54,162 1,245,949 1,300,111 28,071 - Consumer: Credit cards - - - - 17 17 - - Home equity lines of credit 846 390 3,986 5,222 58,926 64,148 3,986 - Personal 2,142 1,695 2,068 5,905 144,612 150,517 2,068 - Other - - 1 1 8,926 8,927 1 - Total $ 57,613 $ 23,619 $ 55,744 $ 136,976 $ 10,346,993 $ 10,483,969 $ 55,533 $ 211 March 31, 2024 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 $ 22,818 $ 2,027 $ 8,806 $ 33,651 $ 2,350,984 $ 2,384,635 $ 8,806 $ - Commercial real estate: Non-owner occupied 3,118 4,642 10,329 18,089 5,038,970 5,057,059 10,329 - Owner occupied 12,735 19,441 30,001 62,177 3,055,667 3,117,844 30,001 - Commercial and industrial 12,981 9,180 40,375 62,536 6,962,947 7,025,483 35,594 4,781 Construction 8,825 - - 8,825 1,000,478 1,009,303 - - Mortgage [1] 279,566 107,757 413,133 800,456 6,983,206 7,783,662 194,544 218,589 Leasing 19,936 4,752 7,267 31,955 1,733,458 1,765,413 7,267 - Consumer: Credit cards 13,034 9,528 23,858 46,420 1,095,733 1,142,153 - 23,858 Home equity lines of credit 846 616 3,993 5,455 61,262 66,717 3,986 7 Personal 21,964 13,864 21,160 56,988 1,840,022 1,897,010 21,160 - Auto 82,957 18,420 41,807 143,184 3,563,670 3,706,854 41,807 - Other 1,022 150 940 2,112 160,493 162,605 633 307 Total $ 479,802 $ 190,377 $ 601,669 $ 1,271,848 $ 33,846,890 $ 35,118,738 $ 354,127 $ 247,542 [1] It is the Corporation’s policy to report delinquent residential the U.S. Department of Veterans Affairs repayment is insured. 93 longer accruing interest as of March 31, 2024. Furthermore, as 37 mortgage loans which are guaranteed by FHA, but which Corporation’s policy to exclude these balances from [2] Loans held-in-portfolio are net of $ 367 5 [3] Includes $ 14 of which $ 7.0 7 Bank ("FRB") for discount window borrowings. As of discount window of Federal Reserve Bank of New York 3.8 4.6 December 31, 2023 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 $ 524 $ - $ 1,991 $ 2,515 $ 289,427 $ 291,942 $ 1,991 $ - Commercial real estate: Non-owner occupied 5,510 77 8,745 14,332 2,990,922 3,005,254 8,745 - Owner occupied 2,726 249 29,430 32,405 1,365,978 1,398,383 29,430 - Commercial and industrial 6,998 3,352 36,210 46,560 4,749,666 4,796,226 32,826 3,384 Construction - - 6,378 6,378 163,479 169,857 6,378 - Mortgage 260,897 114,282 416,528 791,707 5,600,117 6,391,824 175,106 241,422 Leasing 20,140 6,719 8,632 35,491 1,696,318 1,731,809 8,632 - Consumer: Credit cards 13,243 9,912 23,281 46,436 1,089,292 1,135,728 - 23,281 Home equity lines of credit 230 - 26 256 2,392 2,648 - 26 Personal 19,065 14,611 19,031 52,707 1,723,603 1,776,310 19,031 - Auto 100,061 27,443 45,615 173,119 3,487,661 3,660,780 45,615 - Other 1,641 204 1,213 3,058 147,104 150,162 964 249 Total $ 431,035 $ 176,849 $ 597,080 $ 1,204,964 $ 23,305,959 $ 24,510,923 $ 328,718 $ 268,362 December 31, 2023 Popular U.S. Past due Past due 90 days or more 30-59 60-89 90 days Total Non-accrual Accruing (In thousands) or more past due Current Loans HIP loans loans Commercial multi-family $ 9,141 $ 2,001 $ - $ 11,142 $ 2,112,536 $ 2,123,678 $ - $ - Commercial real estate: Non-owner occupied 566 1,036 1,117 2,719 2,079,448 2,082,167 1,117 - Owner occupied 30,560 - 6,274 36,834 1,645,418 1,682,252 6,274 - Commercial and industrial 7,815 697 3,881 12,393 2,317,502 2,329,895 3,772 109 Construction - - - - 789,423 789,423 - - Mortgage 48,818 7,821 11,191 67,830 1,236,263 1,304,093 11,191 - Consumer: Credit cards - - - - 19 19 - - Home equity lines of credit 1,472 4 3,733 5,209 58,096 63,305 3,733 - Personal 2,222 1,948 2,805 6,975 161,962 168,937 2,805 - Other 4 - 1 5 10,274 10,279 1 - Total $ 100,598 $ 13,507 $ 29,002 $ 143,107 $ 10,410,941 $ 10,554,048 $ 28,893 $ 109 December 31, 2023 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 $ 9,665 $ 2,001 $ 1,991 $ 13,657 $ 2,401,963 $ 2,415,620 $ 1,991 $ - Commercial real estate: Non-owner occupied 6,076 1,113 9,862 17,051 5,070,370 5,087,421 9,862 - Owner occupied 33,286 249 35,704 69,239 3,011,396 3,080,635 35,704 - Commercial and industrial 14,813 4,049 40,091 58,953 7,067,168 7,126,121 36,598 3,493 Construction - - 6,378 6,378 952,902 959,280 6,378 - Mortgage [1] 309,715 122,103 427,719 859,537 6,836,380 7,695,917 186,297 241,422 Leasing 20,140 6,719 8,632 35,491 1,696,318 1,731,809 8,632 - Consumer: Credit cards 13,243 9,912 23,281 46,436 1,089,311 1,135,747 - 23,281 Home equity lines of credit 1,702 4 3,759 5,465 60,488 65,953 3,733 26 Personal 21,287 16,559 21,836 59,682 1,885,565 1,945,247 21,836 - Auto 100,061 27,443 45,615 173,119 3,487,661 3,660,780 45,615 - Other 1,645 204 1,214 3,063 157,378 160,441 965 249 Total $ 531,633 $ 190,356 $ 626,082 $ 1,348,071 $ 33,716,900 $ 35,064,971 $ 357,611 $ 268,471 [1] It is the Corporation’s policy to report delinquent residential 90 days or more as opposed to non-performing since 106 mortgage loans insured by FHA or guaranteed by the VA December 31, 2023, the Corporation had approximately 38 currently not accruing interest. Due to the guaranteed nature performing assets. [2] Loans held-in-portfolio are net of $ 356 4 [3] Includes $ 14.2 of which $ 7.0 7.2 Bank (FRB) for discount window borrowings. As of December discount window of Federal Reserve Bank of New York 3.5 4.4 |
Financing receivable non accrual status | March 31, 2024 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 $ - $ 106 $ 8,700 $ - $ 8,700 $ 106 Commercial real estate non-owner occupied 3,635 4,287 1,344 1,063 4,979 5,350 Commercial real estate owner occupied 17,541 8,583 3,877 - 21,418 8,583 Commercial and industrial 18,914 10,257 - 6,423 18,914 16,680 Mortgage 82,843 83,630 190 27,881 83,033 111,511 Leasing 453 6,814 - - 453 6,814 Consumer: - - - 3,986 - 3,986 3,458 15,634 - 2,068 3,458 17,702 1,809 39,998 - - 1,809 39,998 263 369 - 1 263 370 Total $ 128,916 $ 169,678 $ 14,111 $ 41,422 $ 143,027 $ 211,100 December 31, 2023 BPPR Popular U.S. Popular, Inc. (In thousands) Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Non-accrual with no allowance Non-accrual with allowance Commercial multi-family $ - $ 1,991 $ - $ - $ - $ 1,991 Commercial real estate non-owner occupied 3,695 5,050 - 1,117 3,695 6,167 Commercial real estate owner occupied 20,432 8,998 3,877 2,397 24,309 11,395 Commercial and industrial 6,991 25,835 - 3,772 6,991 29,607 Construction - 6,378 - - - 6,378 Mortgage 84,677 90,429 120 11,071 84,797 101,500 Leasing 481 8,151 - - 481 8,151 Consumer: - - - 3,733 - 3,733 3,589 15,442 - 2,805 3,589 18,247 1,833 43,782 - - 1,833 43,782 263 701 - 1 263 702 Total $ 121,961 $ 206,757 $ 3,997 $ 24,896 $ 125,958 $ 231,653 |
Collateral dependent financial assets | March 31, 2024 (In thousands) Real Estate Auto Equipment Accounts Receivables Other Total BPPR Commercial multi-family $ 1,325 $ - $ - $ - - $ 1,325 Commercial real estate: Non-owner occupied 159,712 - - - - 159,712 Owner occupied 22,840 - - - - 22,840 Commercial and industrial 1,130 - - 2,172 23,693 26,995 Mortgage 80,487 - - - - 80,487 Leasing - 1,257 - - - 1,257 Consumer: Personal 3,708 - - - - 3,708 Auto - 13,910 - - - 13,910 Other - - - - 303 303 Total BPPR $ 269,202 $ 15,167 $ - $ 2,172 23,996 $ 310,537 Popular U.S. Commercial multi-family $ 8,700 $ - $ - $ - - $ 8,700 Commercial real estate: Non-owner occupied 1,344 $ - - - - 1,344 Owner occupied 3,877 $ - - - - 3,877 Commercial and industrial - - 70 - 2,297 2,367 Mortgage 1,040 - - - - 1,040 Total Popular U.S. $ 14,961 $ - $ 70 $ - 2,297 $ 17,328 Popular, Inc. Commercial multi-family $ 10,025 $ - $ - $ - - $ 10,025 Commercial real estate: Non-owner occupied 161,056 - - - - 161,056 Owner occupied 26,717 - - - - 26,717 Commercial and industrial 1,130 - 70 2,172 25,990 29,362 Mortgage 81,527 - - - - 81,527 Leasing - 1,257 - - - 1,257 Consumer: Personal 3,708 - - - - 3,708 Auto - 13,910 - - - 13,910 Other - - - - 303 303 Total Popular, $ 284,163 $ 15,167 $ 70 $ 2,172 26,293 $ 327,865 December 31, 2023 (In thousands) Real Estate Auto Equipment Other Total BPPR Commercial multi-family $ 1,339 $ - $ - $ - $ 1,339 Commercial real estate: Non-owner occupied 160,555 - - - 160,555 Owner occupied 25,848 - - - 25,848 Commercial and industrial 1,103 - - 30,287 31,390 Construction 6,378 - - - 6,378 Mortgage 85,113 - - - 85,113 Leasing - 1,373 - - 1,373 Consumer: Personal 4,338 - - - 4,338 Auto - 12,965 - - 12,965 Other - - - 305 305 Total BPPR $ 284,674 $ 14,338 $ - $ 30,592 $ 329,604 Popular U.S. Commercial real estate: Owner occupied 3,877 - - - 3,877 Commercial and industrial - - 105 400 505 Construction 5,990 - - - 5,990 Mortgage 1,303 - - - 1,303 Total Popular U.S. $ 11,170 $ - $ 105 $ 400 $ 11,675 Popular, Inc. Commercial multi-family $ 1,339 $ - $ - $ - $ 1,339 Commercial real estate: Non-owner occupied 160,555 - - - 160,555 Owner occupied 29,725 - - - 29,725 Commercial and industrial 1,103 - 105 30,687 31,895 Construction 12,368 - - - 12,368 Mortgage 86,416 - - - 86,416 Leasing - 1,373 - - 1,373 Consumer: Personal 4,338 - - - 4,338 Auto - 12,965 - - 12,965 Other - - - 305 305 Total Popular, $ 295,844 $ 14,338 $ 105 $ 30,992 $ 341,279 |
Allowance for credit losses -_2
Allowance for credit losses - loans held-in-portfolio (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Allowance for credit losses on financing receivables | The following March 31, 2024 and 2023. For the quarter ended March 31, 2024 BPPR Provision for Allowance for 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 $ 3,614 $ (48) $ - $ - $ 1 $ 3,567 Commercial real estate non-owner occupied 53,754 (413) - - 325 53,666 Commercial real estate owner occupied 40,637 5,147 - (2,785) 538 43,537 Commercial and industrial 107,577 376 - (6,669) 1,560 102,844 Total Commercial 205,582 5,062 - (9,454) 2,424 203,614 Construction 5,294 (2,180) - - - 3,114 Mortgage 72,440 (319) 17 (765) 5,191 76,564 Leasing 9,708 2,968 - (4,850) 1,165 8,991 Consumer 80,487 21,640 - (16,396) 2,438 88,169 103 103 - (197) 93 102 101,181 20,263 - (24,349) 2,409 99,504 157,931 13,371 - (20,167) 6,321 157,456 7,132 100 - (664) 240 6,808 Total Consumer 346,834 55,477 - (61,773) 11,501 352,039 Total - Loans $ 639,858 $ 61,008 $ 17 $ (76,842) $ 20,281 $ 644,322 Allowance for credit losses - unfunded commitments: Commercial $ 5,062 $ (120) $ - $ - $ - $ 4,942 Construction 1,618 (177) - - - 1,441 Ending balance - unfunded commitments [1] $ 6,680 $ (297) $ - $ - $ - $ 6,383 [1] Allowance for credit losses of unfunded commitments For the quarter ended March 31, 2024 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 $ 10,126 $ (510) $ (441) $ 1 $ 9,176 Commercial real estate non-owner occupied 11,699 195 - 64 11,958 Commercial real estate owner occupied 16,227 4,019 - 24 20,270 Commercial and industrial 14,779 3,203 (564) 156 17,574 Total Commercial 52,831 6,907 (1,005) 245 58,978 Construction 7,392 633 - - 8,025 Mortgage 10,774 (925) - 25 9,874 Consumer 1,875 (253) (7) 155 1,770 16,609 4,991 (5,712) 685 16,573 2 25 (31) 6 2 Total Consumer 18,486 4,763 (5,750) 846 18,345 Total - Loans $ 89,483 $ 11,378 $ (6,755) $ 1,116 $ 95,222 Allowance for credit losses - unfunded commitments: Commercial $ 1,851 $ 691 $ - $ - $ 2,542 Construction 8,446 (609) - - 7,837 Consumer 29 (24) - - 5 Ending balance - unfunded commitments [1] $ 10,326 $ 58 $ - $ - $ 10,384 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2024 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 $ 13,740 $ (558) $ - $ (441) $ 2 $ 12,743 Commercial real estate non-owner occupied 65,453 (218) - - 389 65,624 Commercial real estate owner occupied 56,864 9,166 - (2,785) 562 63,807 Commercial and industrial 122,356 3,579 - (7,233) 1,716 120,418 Total Commercial 258,413 11,969 - (10,459) 2,669 262,592 Construction 12,686 (1,547) - - - 11,139 Mortgage 83,214 (1,244) 17 (765) 5,216 86,438 Leasing 9,708 2,968 - (4,850) 1,165 8,991 Consumer 80,487 21,640 - (16,396) 2,438 88,169 1,978 (150) - (204) 248 1,872 117,790 25,254 - (30,061) 3,094 116,077 157,931 13,371 - (20,167) 6,321 157,456 7,134 125 - (695) 246 6,810 Total Consumer 365,320 60,240 - (67,523) 12,347 370,384 Total - Loans $ 729,341 $ 72,386 $ 17 $ (83,597) $ 21,397 $ 739,544 Allowance for credit losses - unfunded commitments: Commercial $ 6,913 $ 571 $ - $ - $ - $ 7,484 Construction 10,064 (786) - - - 9,278 Consumer 29 (24) - - - 5 Ending balance - unfunded commitments [1] $ 17,006 $ (239) $ - $ - $ - $ 16,767 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2023 BPPR Impact of Provision for Allowance for Beginning Adopting credit losses credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 5,210 $ - $ (454) $ - $ - $ - $ 4,756 Commercial real estate non-owner occupied 52,475 - 1,284 - - 135 53,894 Commercial real estate owner occupied 48,393 (1,161) (2,730) - (3) 1,510 46,009 Commercial and industrial 68,217 (552) 9,819 - (1,607) 1,165 77,042 Total Commercial 174,295 (1,713) 7,919 - (1,610) 2,810 181,701 Construction 2,978 - 94 - - - 3,072 Mortgage 117,344 (33,556) 1,267 68 (846) 4,800 89,077 Leasing 20,618 (35) 734 - (1,417) 1,090 20,990 Consumer 58,670 - 15,570 - (8,676) 2,389 67,953 103 - (39) - (33) 69 100 96,369 (7,020) 11,104 - (13,580) 1,535 88,408 129,735 (21) 8,319 - (12,118) 4,914 130,829 15,433 - 235 - (11,007) 216 4,877 Total Consumer 300,310 (7,041) 35,189 - (45,414) 9,123 292,167 Total - Loans $ 615,545 $ (42,345) $ 45,203 $ 68 $ (49,287) $ 17,823 $ 587,007 Allowance for credit losses - unfunded commitments: Commercial $ 4,336 $ - $ 564 $ - $ - $ - $ 4,900 Construction 2,022 - (76) - - - 1,946 Ending balance - unfunded commitments [1] $ 6,358 $ - $ 488 $ - $ - $ - $ 6,846 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2023 Popular U.S. Impact of Provision for Beginning Adopting credit losses Ending (In thousands) Balance ASU 2022-02 (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 21,101 $ - $ (493) $ - $ 2 $ 20,610 Commercial real estate non-owner occupied 19,065 - (2,961) - 1,852 17,956 Commercial real estate owner occupied 8,688 - (224) - 24 8,488 Commercial and industrial 12,227 - 2,528 (499) 968 15,224 Total Commercial 61,081 - (1,150) (499) 2,846 62,278 Construction 1,268 - (10) - - 1,258 Mortgage 17,910 (2,098) (426) - 14 15,400 Consumer - - 1 (1) - - 2,439 - (712) (143) 269 1,853 22,057 (1,140) 4,191 (4,170) 383 21,321 2 - 49 (53) 5 3 Total Consumer 24,498 (1,140) 3,529 (4,367) 657 23,177 Total - Loans $ 104,757 $ (3,238) $ 1,943 $ (4,866) $ 3,517 $ 102,113 Allowance for credit losses - unfunded commitments: Commercial $ 1,175 $ - $ 54 $ - $ - $ 1,229 Construction 1,184 - 94 - - 1,278 Consumer 88 - (26) - - 62 Ending balance - unfunded commitments [1] $ 2,447 $ - $ 122 $ - $ - $ 2,569 [1] Allowance for credit losses of unfunded commitments is For the quarter ended March 31, 2023 Popular Inc. Impact of Provision for Allowance for Beginning Adopting credit losses credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 26,311 $ - $ (947) $ - $ - $ 2 $ 25,366 Commercial real estate non-owner occupied 71,540 - (1,677) - - 1,987 71,850 Commercial real estate owner occupied 57,081 (1,161) (2,954) - (3) 1,534 54,497 Commercial and industrial 80,444 (552) 12,347 - (2,106) 2,133 92,266 Total Commercial 235,376 (1,713) 6,769 - (2,109) 5,656 243,979 Construction 4,246 - 84 - - - 4,330 Mortgage 135,254 (35,654) 841 68 (846) 4,814 104,477 Leasing 20,618 (35) 734 - (1,417) 1,090 20,990 Consumer 58,670 - 15,571 - (8,677) 2,389 67,953 2,542 - (751) - (176) 338 1,953 118,426 (8,160) 15,295 - (17,750) 1,918 109,729 129,735 (21) 8,319 - (12,118) 4,914 130,829 15,435 - 284 - (11,060) 221 4,880 Total Consumer 324,808 (8,181) 38,718 - (49,781) 9,780 315,344 Total - Loans $ 720,302 $ (45,583) $ 47,146 $ 68 $ (54,153) $ 21,340 $ 689,120 Allowance for credit losses - unfunded commitments: Commercial $ 5,511 $ - $ 618 $ - $ - $ - $ 6,129 Construction 3,206 - 18 - - - 3,224 Consumer 88 - (26) - - - 62 Ending balance - unfunded commitments [1] $ 8,805 $ - $ 610 $ - $ - $ - $ 9,415 [1] Allowance for credit losses of unfunded commitments is |
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 disaggregated by class of financing receivable 2024 foreclosed 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 March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Commercial and industrial $ 387 0.01 % $ - - % $ 387 0.01 % Consumer: 129 0.01 % - - % 129 0.01 % 243 0.01 % - - % 243 0.01 % Total $ 759 - % $ - - % $ 759 - % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable CRE non-owner occupied $ 36,718 1.23 % $ - - % $ 36,718 0.73 % CRE owner occupied 16,366 1.15 % - - % 16,366 0.52 % Commercial and industrial 2,494 0.05 % - - % 2,494 0.04 % Mortgage 12,979 0.20 % - - % 12,979 0.17 % Consumer: 199 0.01 % 5 - % 204 0.01 % Total $ 68,756 0.28 % $ 5 - % $ 68,761 0.20 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable CRE owner occupied $ 10,312 0.72 % $ - - % $ 10,312 0.33 % Commercial and industrial 5,920 0.12 % - - % 5,920 0.08 % Total $ 16,232 0.07 % $ - - % $ 16,232 0.05 % Combination - Term extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable CRE non-owner occupied $ 891 0.03 % $ - - % $ 891 0.02 % Commercial and industrial 101 - % - - % 101 - % Mortgage 3,422 0.05 % 38 - % 3,460 0.04 % Consumer: 1,056 0.06 % 145 0.10 % 1,201 0.06 % Total $ 5,470 0.02 % $ 183 - % $ 5,653 0.02 % Combination - Puerto Rico Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Commercial and industrial $ 16 - % $ - - % $ 16 - % Consumer: 315 0.03 % - - % 315 0.03 % Total $ 331 - % $ - - % $ 331 - % Loan Modifications Made to Borrowers Experiencing Financial Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Mortgage $ 227 - % $ - - % $ 227 - % Consumer: 497 0.05 % - - % 497 0.05 % 172 0.01 % - - % 172 0.01 % 3 - % - - % 3 - % Total $ 899 - % $ - - % $ 899 - % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE owner occupied $ 1,754 0.12 % $ - - % $ 1,754 0.06 % Commercial and industrial 3,705 0.09 % - - % 3,705 0.06 % Construction - - % 3,518 0.65 % 3,518 0.50 % Mortgage 14,521 0.24 % 1,853 0.14 % 16,374 0.22 % Consumer: 26 - % 54 0.02 % 80 - % Total $ 20,006 0.09 % $ 5,425 0.06 % $ 25,431 0.08 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE non-owner occupied $ 1,751 0.06 % $ - - % $ 1,751 0.04 % CRE owner occupied 13,156 0.88 % 13,744 0.90 % 26,900 0.89 % Commercial and industrial 1,411 0.04 % 864 0.04 % 2,275 0.04 % Consumer: 33 0.03 % - - % 33 0.02 % Total $ 16,351 0.07 % $ 14,608 0.15 % $ 30,959 0.10 % Combination - Term extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE owner occupied $ 101 0.01 % $ - - % $ 101 - % Mortgage 10,473 0.17 % 328 0.03 % 10,801 0.15 % Consumer: 422 0.03 % - - % 422 0.02 % 29 - % - - % 29 - % Total $ 11,025 0.05 % $ 328 - % $ 11,353 0.04 % The following tables describe the financial effect of the For the quarter ended March 31, 2024 Interest rate reduction Loan Type Financial Effect CRE Non-owner occupied Reduced weighted-average contractual interest rate from 10.13 % to 8.25 %. Commercial and industrial Reduced weighted-average contractual interest rate from 25.53 % to 9.83 %. Mortgage Reduced weighted-average contractual interest rate from 5.88 % to 4.5 0%. Consumer: Credit cards Reduced weighted-average contractual interest rate from 21.05 % to 6.23 %. Personal Reduced weighted-average contractual interest rate from 18.06 % to 9.68 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 1 CRE Owner occupied Added a weighted-average of 6 Commercial and industrial Added a weighted-average of 9 Mortgage Added a weighted-average of 12 Consumer: Personal Added a weighted-average of 11 Other than insignificant payment delay Loan Type Financial Effect CRE Owner occupied Added a weighted-average of 12 Commercial and industrial Added a weighted-average of 8 Consumer: Credit cards Added a weighted-average of 23 For the quarter ended March 31, 2023 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 6.00 % to 5.25 %. Mortgage Reduced weighted-average contractual interest rate from 5.69 % to 4.17 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.76 % to 4.47 %. Personal Reduced weighted-average contractual interest rate from 16.97 % to 9.11 %. Auto Reduced weighted-average contractual interest rate from 12.64 % to 12.62 %. Other Reduced weighted-average contractual interest rate from 17.99 % to 0 %. Term extension Loan Type Financial Effect CRE Owner occupied Added a weighted-average of 2 Commercial and industrial Added a weighted-average of 5 Construction Added a weighted-average of 6 Mortgage Added a weighted-average of 10 Consumer: Personal Added a weighted-average of 6 Auto Added a weighted-average of 2 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 7 Commercial and industrial Added a weighted-average of 9 Consumer: Other Added a weighted-average of 11 The following tables present, by class, the performance of loans that have been modified during the twelve months preceding March 31, BPPR 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 Commercial multi-family $ - $ - $ 65 $ 65 $ - $ 65 $ - $ 65 CRE non-owner occupied 179 3,278 2,918 6,375 60,491 66,866 - 2,918 CRE owner occupied 811 - 1,969 2,780 189,327 192,107 537 1,432 Commercial and industrial 626 - 16,492 17,118 32,511 49,629 2,774 13,718 Mortgage 5,970 3,954 23,151 33,075 49,225 82,300 3,525 19,626 Consumer: 126 31 223 380 1,017 1,397 159 64 42 105 1,058 1,205 3,071 4,276 51 1,007 - - 13 13 71 84 - 13 - - - - 3 3 - - Total $ 7,754 $ 7,368 $ 45,889 $ 61,011 $ 335,716 $ 396,727 $ 7,046 $ 38,843 [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. 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 $ - $ - $ - $ - $ 57,550 $ 57,550 $ - $ - Mortgage - - 324 324 3,403 3,727 - 324 Consumer: - - 160 160 124 284 - 160 Total $ - $ - $ 484 $ 484 $ 61,077 $ 61,561 $ - $ 484 [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. 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 Commercial multi-family $ - $ - $ 65 $ 65 $ - $ 65 $ - $ 65 CRE non-owner occupied 179 3,278 2,918 6,375 60,491 66,866 - 2,918 CRE owner occupied 811 - 1,969 2,780 246,877 249,657 537 1,432 Commercial and industrial 626 - 16,492 17,118 32,511 49,629 2,774 13,718 Mortgage 5,970 3,954 23,475 33,399 52,628 86,027 3,525 19,950 Consumer: 126 31 223 380 1,017 1,397 159 64 42 105 1,218 1,365 3,195 4,560 51 1,167 - - 13 13 71 84 - 13 - - - - 3 3 - - Total $ 7,754 $ 7,368 $ 46,373 $ 61,495 $ 396,793 $ 458,288 $ 7,046 $ 39,327 [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 BPPR Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE non-owner occupied $ - $ - $ - $ - $ 1,751 $ 1,751 $ - $ - CRE owner occupied - - 1,803 1,803 13,208 15,011 209 1,594 Commercial and industrial - - 142 142 4,974 5,116 28 114 Mortgage 1,202 180 7,518 8,900 16,321 25,221 - 7,518 Consumer: 21 46 96 163 334 497 96 - 6 - 232 238 382 620 - 232 - - - - 29 29 - - - - 33 33 3 36 - 33 Total $ 1,229 $ 226 $ 9,824 $ 11,279 $ 37,002 $ 48,281 $ 333 $ 9,491 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. Payment default charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that Popular U.S. Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE owner occupied $ - $ - $ - $ - $ 13,744 $ 13,744 $ - $ - Commercial and industrial - - - - 864 864 - - Construction - - - - 3,518 3,518 - - Mortgage - - 104 104 2,077 2,181 - 104 Consumer: - - 54 54 - 54 - 54 Total $ - $ - $ 158 $ 158 $ 20,203 $ 20,361 $ - $ 158 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. Payment default charged-off, whichever occurs first. The recorded investment date. Loans modified with financial difficulty that Popular Inc. Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE non-owner occupied $ - $ - $ - $ - $ 1,751 $ 1,751 $ - $ - CRE owner occupied - - 1,803 1,803 26,952 28,755 209 1,594 Commercial and industrial - - 142 142 5,838 5,980 28 114 Construction - - - - 3,518 3,518 - - Mortgage 1,202 180 7,622 9,004 18,398 27,402 - 7,622 Consumer: 21 46 96 163 334 497 96 - 6 - 286 292 382 674 - 286 - - - - 29 29 - - - - 33 33 3 36 - 33 Total $ 1,229 $ 226 $ 9,982 $ 11,437 $ 57,205 $ 68,642 $ 333 $ 9,649 [1] Loans that were in non-accrual status at the time to make the restructured loan payments. charged-off, whichever occurs first. The recorded inve date. Loans modified with financial difficulty that |
Financing Receivable Credit Quality Indicators | March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total BPPR Commercial: Commercial multi-family Pass $ 41,585 $ 37,808 $ 138,013 $ 21,271 $ 20,401 $ 28,387 $ - $ - $ 287,465 Watch - - - - - 6,112 - - 6,112 Special Mention - - 554 - - 4,743 - - 5,297 Substandard - - - - - 4,777 - - 4,777 Total commercial multi-family $ 41,585 $ 37,808 $ 138,567 $ 21,271 $ 20,401 $ 44,019 $ - $ - $ 303,651 Commercial real estate non-owner occupied Pass $ 24,000 $ 308,584 $ 854,075 $ 558,216 $ 356,421 $ 594,172 $ 3,896 $ - $ 2,699,364 Watch - 2,590 727 5,144 21,840 39,832 - - 70,133 Special Mention - 42,111 6,879 24,626 - 73,034 - - 146,650 Substandard - 1,011 1,260 179 2,164 71,074 4,650 - 80,338 Total commercial real estate non- owner occupied $ 24,000 $ 354,296 $ 862,941 $ 588,165 $ 380,425 $ 778,112 $ 8,546 $ - $ 2,996,485 Commercial real estate owner occupied Pass $ 56,699 $ 94,564 $ 154,134 $ 224,909 $ 49,919 $ 369,657 $ 8,083 $ - $ 957,965 Watch 249 1,965 44,450 9,048 4,556 61,509 1,003 - 122,780 Special Mention - 942 21,683 20,611 1,101 41,356 - - 85,693 Substandard 161 1,238 15,848 4,962 142,903 80,416 14,017 - 259,545 Doubtful - - - - - 109 - - 109 Total commercial real estate owner occupied $ 57,109 $ 98,709 $ 236,115 $ 259,530 $ 198,479 $ 553,047 $ 23,103 $ - $ 1,426,092 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 2,785 $ - $ - $ 2,785 Commercial and industrial Pass $ 142,966 $ 975,917 $ 627,072 $ 339,891 $ 236,641 $ 368,158 $ 1,202,822 $ - $ 3,893,467 Watch 4,012 66,951 55,844 162,005 3,730 77,782 216,159 - 586,483 Special Mention 423 5,472 36,829 260 2,867 41,837 73,721 - 161,409 Substandard 418 1,051 2,182 8,570 15,962 31,756 43,282 - 103,221 Doubtful - - - - 54 32 - - 86 Loss - - - - - - 457 - 457 Total commercial and industrial $ 147,819 $ 1,049,391 $ 721,927 $ 510,726 $ 259,254 $ 519,565 $ 1,536,441 $ - $ 4,745,123 Year-to-Date gross write-offs $ 124 $ - $ 58 $ - $ 24 $ 5,131 $ 1,332 $ - $ 6,669 Construction Pass $ - $ 29,488 $ 24,618 $ 19,243 $ 10,696 $ 1,766 $ 37,970 $ - $ 123,781 Watch - - 17,187 11,801 - - $ 8,917 - 37,905 Special Mention - - - 1,038 - - - - 1,038 Total construction $ - $ 29,488 $ 41,805 $ 32,082 $ 10,696 $ 1,766 $ 46,887 $ - $ 162,724 Mortgage Pass $ 192,679 $ 759,057 $ 432,327 $ 415,791 $ 255,350 $ 4,355,912 $ - $ - $ 6,411,116 Substandard - 1,181 319 379 350 70,206 - - 72,435 Total mortgage $ 192,679 $ 760,238 $ 432,646 $ 416,170 $ 255,700 $ 4,426,118 $ - $ - $ 6,483,551 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 765 $ - $ - $ 765 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total BPPR Leasing Pass $ 210,843 $ 570,183 $ 456,718 $ 287,444 $ 148,154 $ 84,804 $ - $ - $ 1,758,146 Substandard - 902 1,980 2,580 578 1,129 - - 7,169 Loss - 81 - - - 17 - - 98 Total leasing $ 210,843 $ 571,166 $ 458,698 $ 290,024 $ 148,732 $ 85,950 $ - $ - $ 1,765,413 Year-to-Date gross write-offs $ 42 $ 1,071 $ 1,966 $ 1,082 $ 238 $ 451 $ - $ - $ 4,850 Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,118,278 $ - $ 1,118,278 Substandard - - - - - - 23,837 - 23,837 Loss - - - - - - 21 - 21 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,142,136 $ - $ 1,142,136 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 16,396 $ - $ 16,396 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 2,562 $ - $ 2,562 Substandard - - - - - - 7 - 7 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,569 $ - $ 2,569 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 197 $ - $ 197 Personal Pass $ 200,218 $ 745,798 $ 417,333 $ 158,860 $ 48,662 $ 134,930 $ - $ 21,077 $ 1,726,878 Substandard - 2,864 4,243 1,551 472 9,452 - 1,033 19,615 Total Personal $ 200,218 $ 748,662 $ 421,576 $ 160,411 $ 49,134 $ 144,382 $ - $ 22,110 $ 1,746,493 Year-to-Date gross write-offs $ - $ 6,810 $ 11,488 $ 3,295 $ 880 $ 1,403 $ - $ 473 $ 24,349 Auto Pass $ 342,983 $ 1,145,262 $ 840,316 $ 654,624 $ 366,598 $ 307,952 $ - $ - $ 3,657,735 Substandard 119 9,989 12,762 10,704 7,415 8,008 - - 48,997 Loss - 68 27 19 - 8 - - 122 Total Auto $ 343,102 $ 1,155,319 $ 853,105 $ 665,347 $ 374,013 $ 315,968 $ - $ - $ 3,706,854 Year-to-Date gross write-offs $ 114 $ 9,028 $ 5,738 $ 3,008 $ 1,521 $ 758 $ - $ - $ 20,167 Other consumer Pass $ 8,302 $ 35,338 $ 22,941 $ 13,787 $ 5,252 $ 5,716 $ 61,379 $ - $ 152,715 Substandard - 244 24 - 44 81 307 - 700 Loss - - - - - 263 - - 263 Total Other consumer $ 8,302 $ 35,582 $ 22,965 $ 13,787 $ 5,296 $ 6,060 $ 61,686 $ - $ 153,678 Year-to-Date gross write-offs $ - $ 34 $ 50 $ 29 $ 93 $ 458 $ - $ - $ 664 Total BPPR $ 1,225,657 $ 4,840,659 $ 4,190,345 $ 2,957,513 $ 1,702,130 $ 6,874,987 $ 2,821,368 $ 22,110 $ 24,634,769 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular U.S. Commercial: Commercial multi-family Pass $ 34 $ 165,837 $ 436,312 $ 341,089 $ 165,978 $ 592,171 $ 5,334 $ - $ 1,706,755 Watch - - 101,958 19,914 67,303 149,375 - - 338,550 Special Mention - - - 858 - 2,192 - - 3,050 Substandard - - - - - 32,629 - - 32,629 Total commercial multi-family $ 34 $ 165,837 $ 538,270 $ 361,861 $ 233,281 $ 776,367 $ 5,334 $ - $ 2,080,984 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 441 $ - $ - $ 441 Commercial real estate non-owner occupied Pass $ 6,741 $ 396,376 $ 493,557 $ 168,986 $ 214,339 $ 503,436 $ 11,254 $ - $ 1,794,689 Watch - - 17,023 33,260 29,093 94,339 - - 173,715 Special Mention - - - 2,406 - 64,664 - - 67,070 Substandard - - 2,708 2,790 7,995 11,607 - - 25,100 Total commercial real estate non- owner occupied $ 6,741 $ 396,376 $ 513,288 $ 207,442 $ 251,427 $ 674,046 $ 11,254 $ - $ 2,060,574 Commercial real estate owner occupied Pass $ 36,651 $ 302,989 $ 245,911 $ 225,998 $ 57,688 $ 250,846 $ 4,951 $ - $ 1,125,034 Watch - - 38,795 27,687 51,281 102,480 3,972 - 224,215 Special Mention - - 34,633 131,309 4,922 11,152 - - 182,016 Substandard - - 28,593 2,413 - 129,481 - - 160,487 Total commercial real estate owner occupied $ 36,651 $ 302,989 $ 347,932 $ 387,407 $ 113,891 $ 493,959 $ 8,923 $ - $ 1,691,752 Commercial and industrial Pass $ 41,163 $ 218,204 $ 301,833 $ 337,350 $ 249,043 $ 511,963 $ 310,873 $ - $ 1,970,429 Watch 25 184 39,927 46,133 57,607 112,073 20,338 - 276,287 Special Mention - 196 6,065 902 21 433 14,865 - 22,482 Substandard 914 1,057 427 132 2,779 2,214 3,639 - 11,162 Total commercial and industrial $ 42,102 $ 219,641 $ 348,252 $ 384,517 $ 309,450 $ 626,683 $ 349,715 $ - $ 2,280,360 Year-to-Date gross write-offs $ - $ - $ 190 $ 272 $ 5 $ 44 $ 53 $ - $ 564 Construction Pass $ 17,234 $ 348,577 $ 230,756 $ 82,615 $ - $ 38,754 $ 15,733 $ - $ 733,669 Watch - - 31,690 14,210 - 8,118 - - 54,018 Special Mention - 2,168 13,466 - - - - - 15,634 Substandard - - - 8,825 - - 34,433 - 43,258 Total construction $ 17,234 $ 350,745 $ 275,912 $ 105,650 $ - $ 46,872 $ 50,166 $ - $ 846,579 Mortgage Pass $ 23,480 $ 93,943 $ 225,010 $ 283,981 $ 230,999 $ 414,626 $ - $ - $ 1,272,039 Substandard - - 235 - 645 27,192 - - 28,072 Total mortgage $ 23,480 $ 93,943 $ 225,245 $ 283,981 $ 231,644 $ 441,818 $ - $ - $ 1,300,111 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 17 $ - $ 17 Total credit cards $ - $ - $ - $ - $ - $ - $ 17 $ - $ 17 HELOCs Pass $ - $ - $ - $ - $ - $ 6,878 $ 40,955 $ 12,329 $ 60,162 Substandard - - - - - 1,816 - 1,280 3,096 Loss - - - - - 99 - 791 890 Total HELOCs $ - $ - $ - $ - $ - $ 8,793 $ 40,955 $ 14,400 $ 64,148 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 7 $ - $ - $ 7 Personal Pass $ 8,545 $ 36,778 $ 78,649 $ 18,867 $ 2,167 $ 3,441 $ - $ - $ 148,447 Substandard - 506 956 201 40 366 - - 2,069 Loss - - - - - 1 - - 1 Total Personal $ 8,545 $ 37,284 $ 79,605 $ 19,068 $ 2,207 $ 3,808 $ - $ - $ 150,517 Year-to-Date gross write-offs $ - $ 545 $ 3,701 $ 873 $ 62 $ 531 $ - $ - $ 5,712 Other consumer Pass $ 18 $ - $ - $ - $ - $ - $ 8,908 $ - $ 8,926 Loss - - - - - - 1 - 1 Total Other consumer $ 18 $ - $ - $ - $ - $ - $ 8,909 $ - $ 8,927 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 31 $ - $ 31 Total Popular U.S. $ 134,805 $ 1,566,815 $ 2,328,504 $ 1,749,926 $ 1,141,900 $ 3,072,346 $ 475,273 $ 14,400 $ 10,483,969 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Pass $ 41,619 $ 203,645 $ 574,325 $ 362,360 $ 186,379 $ 620,558 $ 5,334 $ - $ 1,994,220 Watch - - 101,958 19,914 67,303 155,487 - - 344,662 Special Mention - - 554 858 - 6,935 - - 8,347 Substandard - - - - - 37,406 - - 37,406 Total commercial multi-family $ 41,619 $ 203,645 $ 676,837 $ 383,132 $ 253,682 $ 820,386 $ 5,334 $ - $ 2,384,635 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 441 $ - $ - $ 441 Commercial real estate non-owner occupied Pass $ 30,741 $ 704,960 $ 1,347,632 $ 727,202 $ 570,760 $ 1,097,608 $ 15,150 $ - $ 4,494,053 Watch - 2,590 17,750 38,404 50,933 134,171 - - 243,848 Special Mention - 42,111 6,879 27,032 - 137,698 - - 213,720 Substandard - 1,011 3,968 2,969 10,159 82,681 4,650 - 105,438 Total commercial real estate non- owner occupied $ 30,741 $ 750,672 $ 1,376,229 $ 795,607 $ 631,852 $ 1,452,158 $ 19,800 $ - $ 5,057,059 Commercial real estate owner occupied Pass $ 93,350 $ 397,553 $ 400,045 $ 450,907 $ 107,607 $ 620,503 $ 13,034 $ - $ 2,082,999 Watch 249 1,965 83,245 36,735 55,837 163,989 4,975 - 346,995 Special Mention - 942 56,316 151,920 6,023 52,508 - - 267,709 Substandard 161 1,238 44,441 7,375 142,903 209,897 14,017 - 420,032 Doubtful - - - - - 109 - - 109 Total commercial real estate owner occupied $ 93,760 $ 401,698 $ 584,047 $ 646,937 $ 312,370 $ 1,047,006 $ 32,026 $ - $ 3,117,844 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 2,785 $ - $ - $ 2,785 Commercial and industrial Pass $ 184,129 $ 1,194,121 $ 928,905 $ 677,241 $ 485,684 $ 880,121 $ 1,513,695 $ - $ 5,863,896 Watch 4,037 67,135 95,771 $ 208,138 $ 61,337 $ 189,855 $ 236,497 $ - $ 862,770 Special Mention 423 5,668 42,894 1,162 2,888 42,270 88,586 - 183,891 Substandard 1,332 2,108 2,609 8,702 18,741 33,970 46,921 - 114,383 Doubtful - - - - 54 32 - - 86 Loss - - - - - - 457 - 457 Total commercial and industrial $ 189,921 $ 1,269,032 $ 1,070,179 $ 895,243 $ 568,704 $ 1,146,248 $ 1,886,156 $ - $ 7,025,483 Year-to-Date gross write-offs $ 124 $ - $ 248 $ 272 $ 29 $ 5,175 $ 1,385 $ - $ 7,233 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular, Inc. Construction Pass $ 17,234 $ 378,065 $ 255,374 $ 101,858 $ 10,696 $ 40,520 $ 53,703 $ - $ 857,450 Watch - - 48,877 26,011 - 8,118 8,917 - 91,923 Special Mention - 2,168 13,466 1,038 - - - - 16,672 Substandard - - - 8,825 - - 34,433 - 43,258 Total construction $ 17,234 $ 380,233 $ 317,717 $ 137,732 $ 10,696 $ 48,638 $ 97,053 $ - $ 1,009,303 Mortgage Pass $ 216,159 $ 853,000 $ 657,337 $ 699,772 $ 486,349 $ 4,770,538 $ - $ - $ 7,683,155 Substandard - 1,181 554 379 995 97,398 - - 100,507 Total mortgage $ 216,159 $ 854,181 $ 657,891 $ 700,151 $ 487,344 $ 4,867,936 $ - $ - $ 7,783,662 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 765 $ - $ - $ 765 Leasing Pass $ 210,843 $ 570,183 $ 456,718 $ 287,444 $ 148,154 $ 84,804 $ - $ - $ 1,758,146 Substandard - 902 1,980 2,580 578 1,129 - - 7,169 Loss - 81 - - - 17 - - 98 Total leasing $ 210,843 $ 571,166 $ 458,698 $ 290,024 $ 148,732 $ 85,950 $ - $ - $ 1,765,413 Year-to-Date gross write-offs $ 42 $ 1,071 $ 1,966 $ 1,082 $ 238 $ 451 $ - $ - $ 4,850 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular, Inc. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,118,295 $ - $ 1,118,295 Substandard - - - - - - 23,837 - 23,837 Loss - - - - - - 21 - 21 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,142,153 $ - $ 1,142,153 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 16,396 $ - $ 16,396 HELOCs Pass $ - $ - $ - $ - $ - $ 6,878 $ 43,517 $ 12,329 $ 62,724 Substandard - - - - - 1,816 7 1,280 3,103 Loss - - - - - 99 - 791 890 Total HELOCs $ - $ - $ - $ - $ - $ 8,793 $ 43,524 $ 14,400 $ 66,717 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 7 $ 197 $ - $ 204 Personal Pass $ 208,763 $ 782,576 $ 495,982 $ 177,727 $ 50,829 $ 138,371 $ - $ 21,077 $ 1,875,325 Substandard - 3,370 5,199 1,752 512 9,818 - 1,033 21,684 Loss - - - - - 1 - - 1 Total Personal $ 208,763 $ 785,946 $ 501,181 $ 179,479 $ 51,341 $ 148,190 $ - $ 22,110 $ 1,897,010 Year-to-Date gross write-offs $ - $ 7,355 $ 15,189 $ 4,168 $ 942 $ 1,934 $ - $ 473 $ 30,061 Auto Pass $ 342,983 $ 1,145,262 $ 840,316 $ 654,624 $ 366,598 $ 307,952 $ - $ - $ 3,657,735 Substandard 119 9,989 12,762 10,704 7,415 8,008 - - 48,997 Loss - 68 27 19 - 8 - - 122 Total Auto $ 343,102 $ 1,155,319 $ 853,105 $ 665,347 $ 374,013 $ 315,968 $ - $ - $ 3,706,854 Year-to-Date gross write-offs $ 114 $ 9,028 $ 5,738 $ 3,008 $ 1,521 $ 758 $ - $ - $ 20,167 Other consumer Pass $ 8,320 $ 35,338 $ 22,941 $ 13,787 $ 5,252 $ 5,716 $ 70,287 $ - $ 161,641 Substandard - 244 24 - 44 81 307 - 700 Loss - - - - - 263 1 - 264 Total Other consumer $ 8,320 $ 35,582 $ 22,965 $ 13,787 $ 5,296 $ 6,060 $ 70,595 $ - $ 162,605 Year-to-Date gross write-offs $ - $ 34 $ 50 $ 29 $ 93 $ 458 $ 31 $ - $ 695 Total Popular Inc. $ 1,360,462 $ 6,407,474 $ 6,518,849 $ 4,707,439 $ 2,844,030 $ 9,947,333 $ 3,296,641 $ 36,510 $ 35,118,738 December 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total BPPR Commercial: Commercial multi-family Pass $ 37,976 $ 138,619 $ 21,334 $ 20,487 $ 32,554 $ 24,248 $ 306 $ - $ 275,524 Watch - - - - 1,068 5,179 - - 6,247 Special Mention - 559 - - - 4,780 - - 5,339 Substandard - - - - - 4,832 - - 4,832 Total commercial multi-family $ 37,976 $ 139,178 $ 21,334 $ 20,487 $ 33,622 $ 39,039 $ 306 $ - $ 291,942 Commercial real estate non-owner occupied Pass $ 305,243 $ 871,191 $ 560,785 $ 359,853 $ 41,262 $ 563,794 $ 7,042 $ - $ 2,709,170 Watch 1,959 882 5,205 22,211 5,938 27,015 - - 63,210 Special Mention 43,020 5,413 24,730 - 15,843 68,368 - - 157,374 Substandard 1,016 1,307 180 2,231 53,729 12,968 4,069 - 75,500 Total commercial real estate non- owner occupied $ 351,238 $ 878,793 $ 590,900 $ 384,295 $ 116,772 $ 672,145 $ 11,111 $ - $ 3,005,254 Year-to-Date gross write-offs $ - $ - $ - $ 609 $ - $ 521 $ - $ - $ 1,130 Commercial real estate owner occupied Pass $ 92,234 $ 155,819 $ 227,246 $ 51,038 $ 24,184 $ 357,429 $ 9,146 $ - $ 917,096 Watch 2,947 45,106 9,913 4,285 5,017 62,217 1,000 - 130,485 Special Mention - 16,860 20,741 1,462 887 44,069 - - 84,019 Substandard 1,316 15,710 5,080 143,696 845 87,383 12,617 - 266,647 Doubtful - - - - - 136 - - 136 Total commercial real estate owner occupied $ 96,497 $ 233,495 $ 262,980 $ 200,481 $ 30,933 $ 551,234 $ 22,763 $ - $ 1,398,383 Year-to-Date gross write-offs $ - $ 4 $ - $ - $ 1 $ 4,432 $ - $ - $ 4,437 Commercial and industrial Pass $ 1,109,898 $ 634,401 $ 511,912 $ 241,452 $ 123,458 $ 258,872 $ 1,343,885 $ - $ 4,223,878 Watch 28,841 95,785 6,111 4,043 15,560 65,360 182,756 - 398,456 Special Mention 6,401 3,269 276 3,200 2,088 41,289 9,410 - 65,933 Substandard 731 1,760 8,644 22,065 1,922 32,087 40,670 - 107,879 Doubtful - - - 54 - 26 - - 80 Total commercial and industrial $ 1,145,871 $ 735,215 $ 526,943 $ 270,814 $ 143,028 $ 397,634 $ 1,576,721 $ - $ 4,796,226 Year-to-Date gross write-offs $ 896 $ 184 $ 215 $ 335 $ 555 $ 1,086 $ 4,468 $ - $ 7,739 Construction Pass $ 26,662 $ 24,462 $ 27,364 $ 10,758 $ 1,944 $ 1,049 $ 38,720 $ - $ 130,959 Watch - 16,546 5,458 - - - 9,506 - 31,510 Special Mention - - 1,009 - - - 1 - 1,010 Substandard - 6,378 - - - - - - 6,378 Total construction $ 26,662 $ 47,386 $ 33,831 $ 10,758 $ 1,944 $ 1,049 $ 48,227 $ - $ 169,857 Year-to-Date gross write-offs $ - $ 2,611 $ - $ - $ - $ - $ - $ - $ 2,611 Mortgage Pass $ 751,532 $ 439,373 $ 421,297 $ 259,412 $ 164,438 $ 4,280,509 $ - $ - $ 6,316,561 Substandard $ 96 $ 161 $ 162 $ 345 $ 2,606 $ 71,893 $ - $ - $ 75,263 Total mortgage $ 751,628 $ 439,534 $ 421,459 $ 259,757 $ 167,044 $ 4,352,402 $ - $ - $ 6,391,824 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 1,638 $ - $ - $ 1,638 December 31, 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 Pass $ 647,659 $ 488,506 $ 313,133 $ 163,189 $ 88,983 $ 21,706 $ - $ - $ 1,723,176 Substandard 806 2,516 3,053 906 818 517 - - 8,616 Loss - - - - - 17 - - 17 Total leasing $ 648,465 $ 491,022 $ 316,186 $ 164,095 $ 89,801 $ 22,240 $ - $ - $ 1,731,809 Year-to-Date gross write-offs $ 1,065 $ 4,424 $ 2,878 $ 849 $ 976 $ 687 $ - $ - $ 10,879 Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,112,447 $ - $ 1,112,447 Substandard - - - - - - 23,259 - 23,259 Loss - - - - - - 22 - 22 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,135,728 $ - $ 1,135,728 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 41,007 $ - $ 41,007 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 2,622 $ - $ 2,622 Substandard - - - - - - 26 - 26 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,648 $ - $ 2,648 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 213 $ - $ 213 Personal Pass $ 859,434 $ 480,771 $ 181,483 $ 57,227 $ 58,849 $ 96,956 $ - $ 22,034 $ 1,756,754 Substandard 1,815 4,985 1,939 493 933 8,322 - 1,006 19,493 Loss - - 14 - 12 37 - - 63 Total Personal $ 861,249 $ 485,756 $ 183,436 $ 57,720 $ 59,794 $ 105,315 $ - $ 23,040 $ 1,776,310 Year-to-Date gross write-offs $ 4,458 $ 35,915 $ 18,076 $ 4,210 $ 4,891 $ 2,952 $ - $ 1,475 $ 71,977 Auto Pass $ 1,210,622 $ 899,797 $ 711,439 $ 405,768 $ 260,355 $ 120,318 $ - $ - $ 3,608,299 Substandard 6,980 14,049 11,916 9,157 7,051 3,199 - - 52,352 Loss 9 44 45 16 9 6 - - 129 Total Auto $ 1,217,611 $ 913,890 $ 723,400 $ 414,941 $ 267,415 $ 123,523 $ - $ - $ 3,660,780 Year-to-Date gross write-offs $ 10,170 $ 23,849 $ 11,820 $ 5,914 $ 3,553 $ - $ - $ - $ 55,306 Other consumer Pass $ 36,144 $ 24,238 $ 14,942 $ 5,618 $ 3,433 $ 2,753 $ 61,796 $ - $ 148,924 Substandard 244 25 - 73 16 131 249 - 738 Loss - - 137 - - 363 - - 500 Total Other consumer $ 36,388 $ 24,263 $ 15,079 $ 5,691 $ 3,449 $ 3,247 $ 62,045 $ - $ 150,162 Year-to-Date gross write-offs $ 47 $ 154 $ 125 $ 164 $ 88 $ 11,876 $ - $ - $ 12,454 Total BPPR $ 5,173,585 $ 4,388,532 $ 3,095,548 $ 1,789,039 $ 913,802 $ 6,267,828 $ 2,859,549 $ 23,040 $ 24,510,923 December 31, 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 Pass $ 166,410 $ 417,169 $ 326,047 $ 164,887 $ 182,528 $ 410,836 $ 5,112 $ - $ 1,672,989 Watch - 116,794 39,319 71,237 93,239 98,365 - - 418,954 Special Mention - - 862 1,171 - 3,377 - - 5,410 Substandard - - - - 5,545 20,780 - - 26,325 Total commercial multi-family $ 166,410 $ 533,963 $ 366,228 $ 237,295 $ 281,312 $ 533,358 $ 5,112 $ - $ 2,123,678 Commercial real estate non-owner occupied Pass $ 396,712 $ 490,316 $ 170,074 $ 201,225 $ 86,595 $ 394,455 $ 6,086 $ - $ 1,745,463 Watch - 39,721 38,713 43,705 39,908 91,922 4,557 - 258,526 Special Mention - - - - 1,327 63,365 - - 64,692 Substandard - - - 8,054 1,702 3,730 - - 13,486 Total commercial real estate non- owner occupied $ 396,712 $ 530,037 $ 208,787 $ 252,984 $ 129,532 $ 553,472 $ 10,643 $ - $ 2,082,167 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 193 $ - $ - $ 193 Commercial real estate owner occupied Pass $ 303,202 $ 278,380 $ 226,289 $ 58,505 $ 47,083 $ 204,888 $ 9,753 $ - $ 1,128,100 Watch - 69,894 84,218 53,066 14,057 98,502 1,905 - 321,642 Special Mention - - 77,912 4,955 6,074 11,224 - - 100,165 Substandard - 477 2,430 - 21,763 107,675 - - 132,345 Total commercial real estate owner occupied $ 303,202 $ 348,751 $ 390,849 $ 116,526 $ 88,977 $ 422,289 $ 11,658 $ - $ 1,682,252 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 1,395 $ - $ - $ 1,395 December 31, 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 and industrial Pass $ 196,959 $ 278,238 $ 346,428 $ 268,835 $ 148,502 $ 379,635 $ 414,883 $ - $ 2,033,480 Watch 198 37,022 47,299 44,939 23,493 93,299 32,497 - 278,747 Special Mention 208 889 1,021 30 151 39 8,674 - 11,012 Substandard 636 628 152 1,152 730 1,841 1,517 - 6,656 Total commercial and industrial $ 198,001 $ 316,777 $ 394,900 $ 314,956 $ 172,876 $ 474,814 $ 457,571 $ - $ 2,329,895 Year-to-Date gross write-offs $ 247 $ 221 $ 1,994 $ 44 $ 1,320 $ - $ 49 $ - $ 3,875 Construction Pass $ 280,188 $ 251,627 $ 89,450 $ 14,733 $ 25,254 $ - $ - $ - $ 661,252 Watch - 22,867 12,869 - 21,896 782 - - 58,414 Special Mention 2,120 13,151 - - - - - - 15,271 Substandard - 1 13,997 3,895 - 36,593 - - 54,486 Total construction $ 282,308 $ 287,646 $ 116,316 $ 18,628 $ 47,150 $ 37,375 $ - $ - $ 789,423 Mortgage Pass $ 99,296 $ 229,720 $ 288,767 $ 233,805 $ 177,245 $ 264,069 $ - $ - $ 1,292,902 Substandard - 235 - 646 2,102 8,208 - - 11,191 Total mortgage $ 99,296 $ 229,955 $ 288,767 $ 234,451 $ 179,347 $ 272,277 $ - $ - $ 1,304,093 December 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 19 $ - $ 19 Total credit cards $ - $ - $ - $ - $ - $ - $ 19 $ - $ 19 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 1 $ - $ 1 HELOCs Pass $ - $ - $ - $ - $ - $ 7,394 $ 39,925 $ 12,253 $ 59,572 Substandard - - - - - 1,849 - 966 2,815 Loss - - - - - 99 - 819 918 Total HELOCs $ - $ - $ - $ - $ - $ 9,342 $ 39,925 $ 14,038 $ 63,305 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 471 $ - $ - $ 471 Personal Pass $ 41,016 $ 93,759 $ 23,325 $ 2,993 $ 3,597 $ 1,441 $ - $ - $ 166,131 Substandard 333 1,630 325 50 126 211 - - 2,675 Loss - - - - 1 130 - - 131 Total Personal $ 41,349 $ 95,389 $ 23,650 $ 3,043 $ 3,724 $ 1,782 $ - $ - $ 168,937 Year-to-Date gross write-offs $ 735 $ 13,136 $ 4,450 $ 618 $ 872 $ 160 $ - $ - $ 19,971 Other consumer Pass $ 19 $ - $ - $ - $ - $ - $ 10,259 $ - $ 10,278 Substandard - - - - - - 1 - 1 Total Other consumer $ 19 $ - $ - $ - $ - $ - $ 10,260 $ - $ 10,279 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 171 $ - $ 171 Total Popular U.S. $ 1,487,297 $ 2,342,518 $ 1,789,497 $ 1,177,883 $ 902,918 $ 2,304,709 $ 535,188 $ 14,038 $ 10,554,048 December 31, 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 Pass $ 204,386 $ 555,788 $ 347,381 $ 185,374 $ 215,082 $ 435,084 $ 5,418 $ - $ 1,948,513 Watch - 116,794 39,319 71,237 94,307 103,544 - - 425,201 Special Mention - 559 862 1,171 - 8,157 - - 10,749 Substandard - - - - 5,545 25,612 - - 31,157 Total commercial multi-family $ 204,386 $ 673,141 $ 387,562 $ 257,782 $ 314,934 $ 572,397 $ 5,418 $ - $ 2,415,620 Commercial real estate non-owner occupied Pass $ 701,955 $ 1,361,507 $ 730,859 $ 561,078 $ 127,857 $ 958,249 $ 13,128 $ - $ 4,454,633 Watch 1,959 40,603 43,918 65,916 45,846 118,937 4,557 - 321,736 Special Mention 43,020 5,413 24,730 - 17,170 131,733 - - 222,066 Substandard 1,016 1,307 180 10,285 55,431 16,698 4,069 - 88,986 Total commercial real estate non- owner occupied $ 747,950 $ 1,408,830 $ 799,687 $ 637,279 $ 246,304 $ 1,225,617 $ 21,754 $ - $ 5,087,421 Year-to-Date gross write-offs $ - $ - $ - $ 609 $ - $ 714 $ - $ - $ 1,323 Commercial real estate owner occupied Pass $ 395,436 $ 434,199 $ 453,535 $ 109,543 $ 71,267 $ 562,317 $ 18,899 $ - $ 2,045,196 Watch 2,947 115,000 94,131 57,351 19,074 160,719 2,905 - 452,127 Special Mention - 16,860 98,653 6,417 6,961 55,293 - - 184,184 Substandard 1,316 16,187 7,510 143,696 22,608 195,058 12,617 - 398,992 Doubtful - - - - - 136 - - 136 Total commercial real estate owner occupied $ 399,699 $ 582,246 $ 653,829 $ 317,007 $ 119,910 $ 973,523 $ 34,421 $ - $ 3,080,635 Year-to-Date gross write-offs $ - $ 4 $ - $ - $ 1 $ 5,827 $ - $ - $ 5,832 Commercial and industrial Pass $ 1,306,857 $ 912,639 $ 858,340 $ 510,287 $ 271,960 $ 638,507 $ 1,758,768 $ - $ 6,257,358 Watch 29,039 132,807 53,410 48,982 39,053 158,659 215,253 - 677,203 Special Mention 6,609 4,158 1,297 3,230 2,239 41,328 18,084 - 76,945 Substandard 1,367 2,388 8,796 23,217 2,652 33,928 42,187 - 114,535 Doubtful - - - 54 - 26 - - 80 Total commercial and industrial $ 1,343,872 $ 1,051,992 $ 921,843 $ 585,770 $ 315,904 $ 872,448 $ 2,034,292 $ - $ 7,126,121 Year-to-Date gross write-offs $ 1,143 $ 405 $ 2,209 $ 379 $ 1,875 $ 1,086 $ 4,517 $ - $ 11,614 December 31, 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 Pass $ 306,850 $ 276,089 $ 116,814 $ 25,491 $ 27,198 $ 1,049 $ 38,720 $ - $ 792,211 Watch - 39,413 18,327 - 21,896 782 9,506 - 89,924 Special Mention 2,120 13,151 1,009 - - - 1 - 16,281 Substandard - 6,379 13,997 3,895 - 36,593 - - 60,864 Total construction $ 308,970 $ 335,032 $ 150,147 $ 29,386 $ 49,094 $ 38,424 $ 48,227 $ - $ 959,280 Year-to-Date gross write-offs $ - $ 2,611 $ - $ - $ - $ - $ - $ - $ 2,611 Mortgage Pass $ 850,828 $ 669,093 $ 710,064 $ 493,217 $ 341,683 $ 4,544,578 $ - $ - $ 7,609,463 Substandard 96 396 162 991 4,708 80,101 - - 86,454 Total mortgage $ 850,924 $ 669,489 $ 710,226 $ 494,208 $ 346,391 $ 4,624,679 $ - $ - $ 7,695,917 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 1,638 $ - $ - $ 1,638 Leasing Pass $ 647,659 $ 488,506 $ 313,133 $ 163,189 $ 88,983 $ 21,706 $ - $ - $ 1,723,176 Substandard 806 2,516 3,053 906 818 517 - - 8,616 Loss - - - - - 17 - - 17 Total leasing $ 648,465 $ 491,022 $ 316,186 $ 164,095 $ 89,801 $ 22,240 $ - $ - $ 1,731,809 Year-to-Date gross write-offs $ 1,065 $ 4,424 $ 2,878 $ 849 $ 976 $ 687 $ - $ - $ 10,879 December 31, 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 Pass $ - $ - $ - $ - $ - $ - $ 1,112,466 $ - $ 1,112,466 Substandard - - - - - - 23,259 - 23,259 Loss - - - - - - 22 - 22 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,135,747 $ - $ 1,135,747 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 41,008 $ - $ 41,008 HELOCs Pass $ - $ - $ - $ - $ - $ 7,394 $ 42,547 $ 12,253 $ 62,194 Substandard - - - - - 1,849 26 966 2,841 Loss - - - - - 99 - 819 918 Total HELOCs $ - $ - $ - $ - $ - $ 9,342 $ 42,573 $ 14,038 $ 65,953 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 471 $ 213 $ - $ 684 Personal Pass $ 900,450 $ 574,530 $ 204,808 $ 60,220 $ 62,446 $ 98,397 $ - $ 22,034 $ 1,922,885 Substandard 2,148 6,615 2,264 543 1,059 8,533 - 1,006 22,168 Loss $ - $ - $ 14 $ - $ 13 $ 167 $ - $ - $ 194 Total Personal $ 902,598 $ 581,145 $ 207,086 $ 60,763 $ 63,518 $ 107,097 $ - $ 23,040 $ 1,945,247 Year-to-Date gross write-offs $ 5,193 $ 49,051 $ 22,526 $ 4,828 $ 5,763 $ 3,112 $ - $ 1,475 $ 91,948 Auto Pass $ 1,210,622 $ 899,797 $ 711,439 $ 405,768 $ 260,355 $ 120,318 $ - $ - $ 3,608,299 Substandard 6,980 14,049 11,916 9,157 7,051 3,199 - - 52,352 Loss 9 44 45 16 9 6 - - 129 Total Auto $ 1,217,611 $ 913,890 $ 723,400 $ 414,941 $ 267,415 $ 123,523 $ - $ - $ 3,660,780 Year-to-Date gross write-offs $ 10,170 $ 23,849 $ 11,820 $ 5,914 $ 3,553 $ - $ - $ - $ 55,306 Other consumer Pass $ 36,163 $ 24,238 $ 14,942 $ 5,618 $ 3,433 $ 2,753 $ 72,055 $ - $ 159,202 Substandard 244 25 - 73 16 131 250 - 739 Loss - - 137 - - 363 - - 500 Total Other consumer $ 36,407 $ 24,263 $ 15,079 $ 5,691 $ 3,449 $ 3,247 $ 72,305 $ - $ 160,441 Year-to-Date gross write-offs $ 47 $ 154 $ 125 $ 164 $ 88 $ 11,876 $ 171 $ - $ 12,625 Total Popular Inc. $ 6,660,882 $ 6,731,050 $ 4,885,045 $ 2,966,922 $ 1,816,720 $ 8,572,537 $ 3,394,737 $ 37,078 $ 35,064,971 |
Mortgage banking activities (Ta
Mortgage banking activities (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Mortgage Banking [Abstract] | |
Mortgage Banking Activities | Quarters ended March 31, (In thousands) 2024 2023 Mortgage servicing fees, net of fair value adjustments: Mortgage servicing fees $ 7,751 $ 8,689 Mortgage servicing rights fair value adjustments (3,439) (1,376) Total mortgage 4,312 7,313 Net gain on sale of loans, including valuation on loans 74 263 Trading account profit (loss): Unrealized gains (loss) on outstanding derivative positions 101 (131) Realized gains on closed derivative positions 3 56 Total trading account 104 (75) Losses on repurchased loans, including interest advances (130) (101) Total mortgage $ 4,360 $ 7,400 |
Transfers of financial assets_2
Transfers of financial assets and mortgage servicing assets (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Transfers and Servicing of Financial Assets | |
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | Proceeds Obtained During the Quarter Ended March (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 1,100 $ - $ 1,100 Mortgage-backed securities - FNMA - 1,105 - 1,105 Total trading account $ - $ 2,205 $ - $ 2,205 Mortgage servicing rights $ - $ - $ 45 $ 45 Total $ - $ 2,205 $ 45 $ 2,250 Proceeds Obtained During the Quarter Ended March (In thousands) Level 1 Level 2 Level 3 Initial Fair Value Assets Trading account debt securities: Mortgage-backed securities - GNMA $ - $ 1,067 $ - $ 1,067 Mortgage-backed securities - FNMA - 9,899 - 9,899 Total trading account $ - $ 10,966 $ - $ 10,966 Mortgage servicing rights $ - $ - $ 278 $ 278 Total $ - $ 10,966 $ 278 $ 11,244 |
Changes in MSRs measured using the fair value method | Residential MSRs (In thousands) March 31, 2024 March 31, 2023 Fair value at beginning of period $ 118,109 $ 128,350 Additions 294 501 Changes due to payments on loans [1] (2,100) (2,422) Reduction due to loan repurchases (137) (240) Changes in fair value due to changes in valuation model inputs (1,202) 1,286 Fair value at end of period [2] $ 114,964 $ 127,475 [1] Represents changes due to collection / realization of expected cash flows over time. [2] At March 31, 2024, PB had MSRs amounting to $ 2 .0 million (March 31, 2023 - $ 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 March 31, 2024 March 31, 2023 BPPR PB BPPR PB Prepayment speed 6.1 % 6.0 % 6.7 % 7.3 % Weighted average life (in years) 9.6 8.8 8.9 8.0 Discount rate (annual rate) 9.5 % 12.5 % 9.5 % 10.5 % |
Key economic assumptions used to estimate the fair value of MSRs derived from sales and securitizations of mortgage loans performed by the banking subsidiaries and servicing rights purchased from other financial institutions | Originated MSRs Purchased MSRs March 31, December 31, March 31, December 31, (In thousands) 2024 2023 2024 2023 Fair value of servicing rights $ 38,660 $ 39,757 $ 76,304 $ 78,352 Weighted average life (in years) 6.5 6.6 6.7 6.8 Weighted average prepayment speed (annual 5.7 % 5.9 % 6.8 % 7.0 % Impact on fair value of 10% adverse change $ (721) $ (696) $ (1,410) $ (1,440) Impact on fair value of 20% adverse change $ (1,416) $ (1,365) $ (2,767) $ (2,827) Weighted average discount rate (annual rate) 11.3 % 11.3 % 10.9 % 10.9 % Impact on fair value of 10% adverse change $ (1,438) $ (1,387) $ (2,783) $ (2,871) Impact on fair value of 20% adverse change $ (2,782) $ (2,686) $ (5,391) $ (5,562) |
Other real estate owned (Tables
Other real estate owned (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Other Real Estate [Abstract] | |
Other real estate owned | For the quarter ended March 31, 2024 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 11,189 $ 69,227 $ 80,416 Write-downs in value (25) (284) (309) Additions 5,344 12,636 17,980 Sales (546) (16,934) (17,480) Other adjustments - (65) (65) Ending balance $ 15,962 $ 64,580 $ 80,542 For the quarter ended March 31, 2023 OREO OREO (In thousands) Commercial/Construction Mortgage Total Balance at beginning of period $ 12,500 $ 76,626 $ 89,126 Write-downs in value (194) (751) (945) Additions 1,023 18,675 19,698 Sales (941) (15,099) (16,040) Other adjustments - (118) (118) Ending balance $ 12,388 $ 79,333 $ 91,721 |
Other assets (Tables)
Other assets (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Other Assets Abstract | |
Other Assets by Major Categories | The caption of other assets in the consolidated (In thousands) March 31, 2024 December 31, 2023 Net deferred tax assets (net of valuation allowance) $ 1,001,093 $ 1,009,068 Investments under the equity method 244,165 236,485 Prepaid taxes 32,146 39,052 Other prepaid expenses 26,332 29,338 Capitalized software costs 102,716 93,404 Derivative assets 24,040 24,419 Trades receivable from brokers and counterparties 23,477 23,102 Receivables from investments maturities 301,000 176,000 Principal, interest and escrow servicing advances 47,594 48,557 Guaranteed mortgage loan claims receivable 27,722 29,648 Operating ROU assets (Note 27) 110,712 116,106 Finance ROU assets (Note 27) 20,344 21,093 Assets for pension benefit 24,406 23,404 Others 135,155 144,888 Total other assets $ 2,120,902 $ 2,014,564 |
Composition of acquired or developed software costs | The following arrangements: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value March 31, 2024 Software development costs $ 75,489 $ 23,983 $ 51,506 Software license costs 47,950 23,658 24,292 Cloud computing arrangements 37,240 10,322 26,918 Total Capitalized $ 160,679 $ 57,963 $ 102,716 December 31, 2023 Software development costs $ 76,497 $ 22,086 $ 54,411 Software license costs 42,868 18,048 24,820 Cloud computing arrangements 23,623 9,450 14,173 Total Capitalized $ 142,988 $ 49,584 $ 93,404 [1] Software intangible assets are presented as part of Other [2] The tables above excludes assets that have been fully |
Amortization expense for all capitalized software and hosting arrangement cost | Total expenses in the consolidated statement of operations, Quarters ended March 31, (In thousands) 2024 2023 Software development and license costs $ 17,701 $ 14,991 Cloud computing arrangements 872 984 Total amortization $ 18,573 $ 15,975 |
Goodwill and other intangible_2
Goodwill and other intangible assets (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Goodwill and Intangible Assets Disclosure | |
Goodwill and accumulated impairment losses by reportable segments | March 31, 2024 Balance at Balance at March 31, Accumulated March 31, 2024 impairment 2024 (In thousands) losses Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 196,411 368,045 Total Popular, $ 1,004,640 $ 200,212 $ 804,428 December 31, 2023 December 31, Accumulated December 31, 2023 impairment 2023 (In thousands) losses Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 196,411 368,045 Total Popular, $ 1,004,640 $ 200,212 $ 804,428 |
Components of other intangible assets subject to amortization | Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value March 31, 2024 Core deposits $ 12,810 $ 11,636 $ 1,174 Other customer relationships 14,286 7,251 7,035 Total other intangible $ 27,096 $ 18,887 $ 8,209 December 31, 2023 Core deposits $ 12,810 $ 11,315 $ 1,495 Other customer relationships 14,286 6,777 7,509 Total other intangible $ 27,096 $ 18,092 $ 9,004 |
Estimated amortization of the intangible assets with definite useful lives | (In thousands) Remaining 2024 $ 2,143 Year 2025 1,750 Year 2026 1,440 Year 2027 959 Year 2028 959 Later years 958 |
Deposits (Tables)
Deposits (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Deposits [Abstract] | |
Type of total deposits | (In thousands) March 31, 2024 December 31, 2023 Savings accounts $ 14,797,976 $ 14,602,411 NOW, money market and other interest 24,763,686 25,094,316 Total savings, NOW, 39,561,662 39,696,727 Certificates of deposit: Under $250,000 5,420,905 5,443,062 $250,000 and over 3,334,167 3,058,830 8,755,072 8,501,892 Total interest bearing $ 48,316,734 $ 48,198,619 Non- interest bearing deposits $ 15,492,050 $ 15,419,624 Total deposits $ 63,808,784 $ 63,618,243 |
Summary of certificates of deposits by maturity | (In thousands) 2024 $ 4,649,279 2025 1,915,324 2026 838,041 2027 470,438 2028 625,629 2029 and thereafter 256,361 Total certificates of $ 8,755,072 |
Borrowings (Tables)
Borrowings (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Debt Disclosure [Abstract] | |
Schedule of repurchase agreements | Repurchase agreements accounted for as secured borrowings March 31, 2024 December 31, 2023 Repurchase Repurchase (In thousands) U.S. Treasury securities Within 30 days $ 30,581 $ 16,931 After 30 to 90 days 18,504 18,369 After 90 days - 8,292 Total U.S. Treasury 49,085 43,592 Mortgage-backed securities 11,550 27,171 5,228 20,394 Total mortgage-backed 16,778 47,565 Collateralized mortgage obligations 227 227 Total collateralized 227 227 Total $ 66,090 $ 91,384 |
Notes payable | Notes Payable The following table presents the composition of notes (In thousands) March 31, 2024 December 31, 2023 Advances with the FHLB with maturities ranging from 2024 2029 monthly fixed rates ranging from 0.44 % to 5.26 % $ 373,665 $ 394,665 Unsecured senior debt securities maturing on 2028 semiannually 7.25 %, net of debt issuance costs of $ 5,715 [1] 394,285 393,937 Junior subordinated deferrable interest debentures (related to 2034 6.125 % to 6.564 %, net of debt issuance costs of $ 281 198,353 198,346 Total notes payable $ 966,303 $ 986,948 Note: Refer to the 2023 Form 10-K for rates information [1] On March 13, 2023, the Corporation issued $ 400 7.25 % Senior Notes due 2028 underwritten public offering. The Corporation used a outstanding $ 300 6.125 % Senior Notes which were due on September 2023 . The redemption price was equal to 100 % of the principal amount plus accrued and unpaid |
Borrowings by contractual maturities | Assets sold under (In thousands) agreements to repurchase Notes payable Total 2024 $ 66,090 $ 70,943 $ 137,033 2025 - 144,214 144,214 2026 - 74,500 74,500 2028 - 438,636 438,636 Later years - 238,010 238,010 Total borrowings $ 66,090 $ 966,303 $ 1,032,393 |
Other liabilities (Tables)
Other liabilities (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Other Liabilities Disclosure [Abstract] | |
Other Liabilities Table Text Block | (In thousands) March 31, 2024 December 31, 2023 Accrued expenses $ 361,839 $ 337,695 Accrued interest payable 48,302 59,102 Accounts payable 92,715 89,339 Dividends payable 44,869 44,741 Trades payable 45 31 Liability for GNMA loans sold with an option to repurchase 9,538 10,960 Reserves for loan indemnifications 4,542 4,408 Reserve for operational losses 25,209 27,994 Operating lease liabilities (Note 27) 121,333 126,946 Finance lease liabilities (Note 27) 24,897 25,778 Pension benefit obligation 6,696 6,772 Postretirement benefit obligation 115,421 117,045 Others 63,042 63,816 Total other liabilities $ 918,448 $ 914,627 |
Other comprehensive (loss) in_2
Other comprehensive (loss) income (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Accumulated Other Comprehensive Income (Loss) | |
Schedule of accumulated other comprehensive (loss) income | Changes in Accumulated Other Comprehensive Income Quarters ended March 31, (In thousands) 2024 2023 Foreign currency translation Beginning Balance $ (64,528) $ (56,735) Other comprehensive loss (4,020) (5,245) Net change (4,020) (5,245) Ending balance $ (68,548) $ (61,980) Adjustment of pension and postretirement benefit plans Beginning Balance $ (117,894) $ (144,335) Other comprehensive loss before reclassifications - - Amounts reclassified from accumulated other comprehensive loss amortization of net losses 2,262 3,008 Net change 2,262 3,008 Ending balance $ (115,632) $ (141,327) Unrealized net holding losses on debt securities Beginning Balance $ (1,713,109) $ (2,323,903) Other comprehensive income (loss) before reclassifications (71,104) 191,752 Amounts reclassified from accumulated other comprehensive loss amortization of net unrealized losses of debt securities available-for-sale to held-to-maturity 35,207 33,633 Net change (35,897) 225,385 Ending balance $ (1,749,006) $ (2,098,518) Unrealized net gains on cash flow hedges Beginning Balance $ - $ 45 Other comprehensive (loss) income before reclassifications - (19) Amounts reclassified from accumulated other comprehensive - (26) Net change - (45) Ending balance $ - $ - Total $ (1,933,186) $ (2,301,825) [1] All amounts presented are net of tax. |
Reclassification out of accumulated other comprehensive (loss) income | The following table quarters ended March 31, 2024 and 2023. Reclassifications Out of Accumulated Other Comprehensive Affected Line Item in the Quarters ended March 31, (In thousands) Consolidated Statements of Operations 2024 2023 Adjustment of pension and postretirement benefit plans Amortization of net losses Other operating expenses $ (3,618) $ (4,813) Total before tax (3,618) (4,813) Income tax benefit 1,356 1,805 Total net of tax $ (2,262) $ (3,008) Unrealized holding losses on debts securities Amortization of unrealized net losses of debt securities transferred to held-to-maturity Investment securities $ (44,009) $ (42,040) Total before tax (44,009) (42,040) Income tax benefit 8,802 8,407 Total net of tax $ (35,207) $ (33,633) Unrealized net gains on cash flow hedges Forward contracts Mortgage banking activities $ - $ 41 Total before tax - 41 Income tax expense - (15) Total net of tax $ - $ 26 Total reclassification $ (37,469) $ (36,615) |
Guarantees (Tables)
Guarantees (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Guarantee on loans sold or serviced with credit recourse | |
Guarantor Obligations [Line Items] | |
Credit recourse agreements reserve | The following table shows the changes in the Corporation’s liability of estimated losses related to loans serviced with credit recourse provisions during the quarters ended March 31, 2024 Quarters ended March 31, (In thousands) 2024 2023 Balance as of beginning of period $ 4,211 $ 6,897 Provision (benefit) for recourse liability 244 (654) Net charge-offs (102) (379) Balance as of end of period $ 4,353 $ 5,864 |
Commitments and contingencies (
Commitments and contingencies (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Commitments and Contingencies Disclosure | |
Financial Instruments with Off-Balance Sheet Credit Risk, Whose Contract Amounts Represent Potential Credit Risk | Financial instruments with periods presented were as follows: (In thousands) March 31, 2024 December 31, 2023 Commitments to extend credit: Credit card lines $ 6,130,148 $ 6,108,939 Commercial lines of credit 3,661,556 3,626,269 Construction lines of credit 1,212,596 1,287,679 Other consumer unused credit commitments 257,059 256,610 Commercial letters of credit 1,234 1,404 Standby letters of credit 115,808 80,889 Commitments to originate or fund mortgage loans 29,524 32,968 |
Direct exposure to the Puerto Rico government by maturity | The following table details the loans and investments representing the Corporation’s direct exposure to according to their maturities as of March 31, 2024: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 3 $ - $ 3 $ 3 After 5 to 10 years 1 - 1 1 After 10 years 42 - 42 42 Total Central 46 - 46 46 Municipalities Within 1 year 3,055 13,218 16,273 41,273 After 1 to 5 years 11,620 141,519 153,139 153,139 After 5 to 10 years 845 145,965 146,810 146,810 After 10 years - 46,823 46,823 46,823 Total Municipalities 15,520 347,525 363,045 388,045 Total Direct Government $ 15,566 $ 347,525 $ 363,091 $ 388,091 |
Non-consolidated variable int_2
Non-consolidated variable interest entities (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Variable Interest Entity | |
Carrying Amount and Classification of Assets Related to the Corporation's Variable Interests in Non-Consolidated VIEs and Maximum Exposure to Loss | (In thousands) March 31,2024 December 31, 2023 Assets Servicing assets: Mortgage servicing rights $ 90,254 $ 92,999 Total servicing $ 90,254 $ 92,999 Other assets: Servicing advances $ 6,993 $ 6,291 Total other assets $ 6,993 $ 6,291 Total assets $ 97,247 $ 99,290 Maximum exposure to loss $ 97,247 $ 99,290 |
Fair value measurement (Tables)
Fair value measurement (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Fair Value Disclosures | |
Assets and Liabilities Measured at Fair Value on a Recurring Basis | At March 31, 2024 (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 $ 6,262,480 $ 6,026,731 $ - $ - $ 12,289,211 Collateralized mortgage obligations - federal agencies - 127,608 - - 127,608 Mortgage-backed securities - 5,597,993 607 - 5,598,600 Other - 5 2,000 - 2,005 Total debt securities $ 6,262,480 $ 11,752,337 $ 2,607 $ - $ 18,017,424 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 8,316 $ - $ - $ - $ 8,316 Obligations of Puerto Rico, States and political subdivisions - 60 - - 60 Collateralized mortgage obligations - 90 - - 90 Mortgage-backed securities - 18,587 84 - 18,671 Other - - 166 - 166 Total trading account derivatives $ 8,316 $ 18,737 $ 250 $ - $ 27,303 Equity securities $ - $ 40,933 $ - $ 336 $ 41,269 Mortgage servicing rights - - 114,964 - 114,964 Loans held-for-sale - 5,352 - - 5,352 Derivatives - 24,045 - - 24,045 Total assets measured recurring basis $ 6,270,796 $ 11,841,404 $ 117,821 $ 336 $ 18,230,357 Liabilities Derivatives $ - $ (21,784) $ - $ - $ (21,784) Total liabilities measured recurring basis $ - $ (21,784) $ - $ - $ (21,784) At December 31, 2023 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE Assets Debt securities available-for-sale: U.S. Treasury securities $ 3,936,036 $ 6,811,025 $ - $ - $ 10,747,061 Collateralized mortgage obligations - federal agencies - 134,686 - - 134,686 Mortgage-backed securities - 5,844,180 606 - 5,844,786 Other - 11 2,500 - 2,511 Total debt securities $ 3,936,036 $ 12,789,902 $ 3,106 $ - $ 16,729,044 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 16,859 $ - $ - $ - $ 16,859 Obligations of Puerto Rico, States and political subdivisions - 71 - - 71 Collateralized mortgage obligations - 93 5 - 98 Mortgage-backed securities - 14,261 112 - 14,373 Other - - 167 - 167 Total trading account derivatives $ 16,859 $ 14,425 $ 284 $ - $ 31,568 Equity securities $ - $ 37,965 $ - $ 310 $ 38,275 Mortgage servicing rights - - 118,109 - 118,109 Loans held-for-sale - 3,239 - - 3,239 Derivatives - 24,419 - - 24,419 Total assets measured recurring basis $ 3,952,895 $ 12,869,950 $ 121,499 $ 310 $ 16,944,654 Liabilities Derivatives $ - $ (21,103) $ - $ - $ (21,103) Total liabilities measured recurring basis $ - $ (21,103) $ - $ - $ (21,103) |
Difference between the aggregate fair value and the aggregate unpaid principal balance formortgage loans held for sale measured at fair value | The mortgage loans originated as held-for-sale measured (In thousands) March 31, 2024 Aggregate Unpaid Fair Value Principal Balance Difference Loans held for sale $ 5,352 $ 5,285 $ 67 (In thousands) December 31, 2023 Aggregate Unpaid Fair Value Principal Balance Difference Loans held for sale $ 3,239 $ 3,202 $ 37 |
Nonrecurring fair value measurements | Quarter ended March 31, 2024 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE Assets Write-downs Loans [1] $ - $ - $ 110 $ 110 $ (2,172) Other real estate owned [2] - - 1,416 1,416 (224) Other foreclosed assets [2] - - 105 105 (41) Total assets measured $ - $ - $ 1,631 $ 1,631 $ (2,437) [1] Relates mainly to certain impaired collateral dependent loans. derived from appraisals that take into consideration prices excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and excluded from the reported fair value amount. Quarter ended March 31, 2023 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE Assets Write-downs Loans [1] $ - $ - $ 1,629 $ 1,629 $ (3) Other real estate owned [2] - - 2,330 2,330 (628) Other foreclosed assets [2] - - 15 15 (4) Total assets measured $ - $ - $ 3,974 $ 3,974 $ (635) [1] Relates mainly to certain impaired collateral dependent loans. derived from appraisals that take into consideration prices excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and excluded from the reported fair value amount. |
Assets measured on recurring basis, unobservable input reconciliation | Quarter ended March 31, 2024 MBS Other CMOs MBS Other classified securities classified classified securities as debt classified as as trading as trading classified securities account account as trading Mortgage available- available- account debt servicing Total (In thousands) for-sale for-sale securities securities securities rights assets Balance at December 31, 2023 $ 606 $ 2,500 $ 5 $ 112 $ 167 $ 118,109 $ 121,499 Gains (losses) included in earnings - (500) - - (1) (3,439) (3,940) Gains (losses) included in OCI 1 - - - - - 1 Additions - - - - - 294 294 Settlements - - (5) (28) - - (33) Balance at March 31, 2024 $ 607 $ 2,000 $ - $ 84 $ 166 $ 114,964 $ 117,821 Changes in unrealized gains (losses) included in earnings relating to assets still held at March 31, 2024 $ - $ (500) $ - $ - $ 2 $ (1,202) $ (1,700) Quarter ended March 31, 2023 MBS Other Other classified securities CMOs MBS securities as debt classified as classified classified classified securities debt securities as trading as trading as trading Mortgage available- available- account debt account debt account debt servicing Total (In thousands) for-sale for-sale securities securities securities rights assets Balance at December 31, 2022 $ 711 $ 1,000 $ 113 $ 215 $ 207 $ 128,350 $ 130,596 Gains (losses) included in earnings - - - (1) (8) (1,376) (1,385) Gains (losses) included in OCI (6) - - - - - (6) Additions - - - - - 501 501 Settlements (50) - (25) (26) - - (101) Balance at March 31, 2023 $ 655 $ 1,000 $ 88 $ 188 $ 199 $ 127,475 $ 129,605 Changes in unrealized gains (losses) included in earnings relating to assets still held at March 31, 2023 $ - $ - $ - $ - $ 9 $ 1,286 $ 1,295 |
Gain (loss) included in earnings, measured on recurring basis | Quarter ended March 31, 2024 Quarter ended March 31, 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 $ (3,439) $ (1,202) $ (1,376) $ 1,286 Trading account (loss) profit (1) 2 (9) 9 Provision for credit losses (500) (500) - - Total $ (3,940) $ (1,700) $ (1,385) $ 1,295 |
Fair value measurements, recurring and nonrecurring valuation techniques | Fair value at (In thousands) 2024 Valuation technique Unobservable inputs Weighted average (range) [1] Other - trading $ 166 Discounted cash flow model Weighted average life 2.3 Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 110 [2] External appraisal Haircut applied on external appraisals 10.0% [1] Weighted average of significant unobservable inputs [2] Loans held-in-portfolio in which haircuts were not applied Fair value at (In thousands) 2023 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 88 Discounted cash flow model Weighted average life 0.3 0.1 0.5 Yield 4.9 % ( 4.9 % - 5.4 %) Prepayment speed 9.2 % ( 8.3 % - 27.8 %) Other - trading $ 199 Discounted cash flow model Weighted average life 2.5 Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 1,560 [2] External appraisal Haircut applied on external appraisals 35 .0% [1] Weighted average of significant unobservable inputs [2] Loans held-in-portfolio in which haircuts were not applied |
Fair value of financial instr_2
Fair value of financial instruments (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Fair Value Disclosures | |
Carrying amount and estimated fair value of financial instruments with corresponding level in the fair value hierarchy | March 31, 2024 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 320,486 $ 320,486 $ - $ - $ - $ 320,486 Money market investments 5,928,578 5,920,785 7,793 - - 5,928,578 Trading account debt securities, excluding [1] 27,303 8,316 18,737 250 - 27,303 Debt securities available-for-sale [1] 18,017,424 6,262,480 11,752,337 2,607 - 18,017,424 Debt securities held-to-maturity: U.S. Treasury securities $ 8,013,952 $ - $ 7,894,800 $ - $ - $ 7,894,800 Obligations of Puerto Rico, States and political subdivisions 55,981 - 6,918 49,284 - 56,202 Collateralized mortgage obligation-federal agency 1,536 - 1,364 - - 1,364 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities $ 8,077,429 $ - $ 7,909,042 $ 49,284 $ - $ 7,958,326 Equity securities: FHLB stock $ 48,604 $ - $ 48,604 $ - $ - $ 48,604 FRB stock 99,920 - 99,920 - - 99,920 Other investments 47,223 - 40,933 6,531 336 47,800 Total equity securities $ 195,747 $ - $ 189,457 $ 6,531 $ 336 $ 196,324 Loans held-for-sale $ 5,352 $ - $ 5,532 $ - $ - $ 5,532 Loans held-in-portfolio 34,379,194 - - 33,249,195 - 33,249,195 Mortgage servicing rights 114,964 - - 114,964 - 114,964 Derivatives 24,045 - 24,045 - - 24,045 March 31, 2024 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 55,053,712 $ - $ 55,053,712 $ - $ - $ 55,053,712 Time deposits 8,755,072 - 8,430,548 - - 8,430,548 Total deposits $ 63,808,784 $ - $ 63,484,260 $ - $ - $ 63,484,260 Assets sold under agreements to repurchase $ 66,090 $ - $ 66,088 $ - $ - $ 66,088 Notes payable: FHLB advances $ 373,665 $ - $ 358,046 $ - $ - $ 358,046 Unsecured senior debt securities 394,285 - 410,228 - - 410,228 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,353 - 187,383 - - 187,383 Total notes payable $ 966,303 $ - $ 955,657 $ - $ - $ 955,657 Derivatives $ 21,784 $ - $ 21,784 $ - $ - $ 21,784 [1] Refer to Note 23 to the Consolidated Financial Statements December 31, 2023 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Assets: Cash and due from banks $ 420,462 $ 420,462 $ - $ - $ - $ 420,462 Money market investments 6,998,871 6,991,758 7,113 - - 6,998,871 Trading account debt securities, excluding [1] 31,568 16,859 14,425 284 - 31,568 Debt securities available-for-sale [1] 16,729,044 3,936,036 12,789,902 3,106 - 16,729,044 Debt securities held-to-maturity: U.S. Treasury securities $ 8,121,411 $ - $ 8,092,339 $ - $ - $ 8,092,339 Obligations of Puerto Rico, States and political subdivisions 59,628 - 7,007 52,671 - 59,678 Collateralized mortgage 1,556 - 1,395 13 - 1,408 Securities in wholly owned statutory business trusts 5,960 - 5,960 - - 5,960 Total debt securities $ 8,188,555 $ - $ 8,106,701 $ 52,684 $ - $ 8,159,385 Equity securities: FHLB stock $ 49,549 $ - $ 49,549 $ - $ - $ 49,549 FRB stock 98,948 - 98,948 - - 98,948 Other investments 45,229 - 37,965 7,869 310 46,144 Total equity securities $ 193,726 $ - $ 186,462 $ 7,869 $ 310 $ 194,641 Loans held-for-sale $ 4,301 $ - $ 4,328 $ - $ - $ 4,328 Loans held-in-portfolio 34,335,630 - - 33,376,255 - 33,376,255 Mortgage servicing rights 118,109 - - 118,109 - 118,109 Derivatives 24,419 - 24,419 - - 24,419 December 31, 2023 Carrying Measured (In thousands) amount Level 1 Level 2 Level 3 at NAV Fair value Financial Liabilities: Deposits: Demand deposits $ 55,116,351 $ - $ 55,116,351 $ - $ - $ 55,116,351 Time deposits 8,501,892 - 8,154,823 - - 8,154,823 Total deposits $ 63,618,243 $ - $ 63,271,174 $ - $ - $ 63,271,174 Assets sold under agreements to repurchase $ 91,384 $ - $ 91,386 $ - $ - $ 91,386 Notes payable: FHLB advances $ 394,665 $ - $ 377,851 $ - $ - $ 377,851 Unsecured senior debt securities 393,937 - 400,848 - - 400,848 Junior subordinated deferrable interest debentures (related to trust preferred securities) 198,346 - 180,076 - - 180,076 Total notes payable $ 986,948 $ - $ 958,775 $ - $ - $ 958,775 Derivatives $ 21,103 $ - $ 21,103 $ - $ - $ 21,103 [1] Refer to Note 23 to the Consolidated Financial Statements |
Net income per common share (Ta
Net income per common share (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Earnings Per Share | |
Computation of Net Income (Loss) Per Common Share ("EPS"), Basic and Diluted | The following table March 31, 2024 and 2023 Quarters ended March 31, (In thousands, except per share information) 2024 2023 Net income $ 103,283 $ 158,979 Preferred stock dividends (353) (353) Net income applicable to common stock $ 102,930 $ 158,626 Average common shares outstanding 71,869,735 71,541,778 Average potential dilutive common shares 97,068 64,418 Average common shares outstanding - assuming dilution 71,966,803 71,606,196 Basic EPS $ 1.43 $ 2.22 Diluted EPS $ 1.43 $ 2.22 |
Revenue from contracts with c_2
Revenue from contracts with customers (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Revenue From Contract With Customer Abstract | |
Disaggregation Of Revenue [Table Text Block] | The quarters ended March 31, 2024 and 2023 Quarters ended March 31, (In thousands) 2024 2023 BPPR Popular U.S. BPPR Popular U.S. Service charges on deposit accounts $ 35,016 $ 2,426 $ 32,152 $ 2,526 Other service fees: Debit card fees 14,049 199 12,948 218 Insurance fees, excluding reinsurance 10,556 1,846 10,798 1,307 Credit card fees, excluding late fees and membership 35,800 458 36,174 579 Sale and administration of investment products 7,427 - 6,558 - Trust fees 6,985 - 5,896 - Total revenue from [1] $ 109,833 $ 4,929 $ 104,526 $ 4,630 [1] The amounts include intersegment transactions of $ 0.6 1.6 |
Leases (Tables)
Leases (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Leases [Abstract] | |
Lease Liability Maturity | The following table presents the undiscounted March 31, 2024 (In thousands) Remaining 2024 2025 2026 2027 2028 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 23,167 $ 28,327 $ 19,932 $ 14,531 $ 12,074 40,740 $ 138,771 $ (17,438) $ 121,333 Finance Leases 3,380 4,605 4,374 3,017 2,344 10,434 28,154 (3,257) 24,897 |
Leases cost | The following table presents the lease cost recognized Quarters ended March 31, (In thousands) 2024 2023 Finance lease cost: Amortization of ROU assets $ 748 $ 824 Interest on lease liabilities 237 296 Operating lease cost 7,688 7,854 Short-term lease cost 116 73 Variable lease cost 69 56 Sublease income (20) (9) Total lease cost [1] $ 8,838 $ 9,094 [1] Total lease cost |
Leases supplemental information | The leases. Quarters ended March 31, (Dollars in thousands) 2024 2023 Cash paid for amounts included in the measurement of Operating cash flows from operating leases $ 7,771 $ 7,754 Operating cash flows from finance leases 237 296 Financing cash flows from finance leases 881 804 ROU assets obtained in exchange for new lease obligations: Operating leases $ 1,127 $ 967 Finance leases - 1,796 Weighted-average remaining lease term: Operating leases 7.2 years 7.3 years Finance leases 8.2 years 8.2 years Weighted-average discount rate: Operating leases 3.3 % 3.0 % Finance leases 3.8 % 4.1 % |
Pension and Postretirement Be_2
Pension and Postretirement Benefits (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Employee benefits | |
Components of Net Periodic Pension/Postretirement Benefit Cost | Pension Plans OPEB Plan Quarter ended March 31, Quarter ended March 31, (In thousands) 2024 2023 2024 2023 Personnel Cost: $ - $ - $ 32 $ 48 Other operating expenses: 7,558 7,887 1,421 1,520 (8,594) (8,591) - - - - - - 4,166 5,366 (548) (553) Total net periodic $ 3,130 $ 4,662 $ 905 $ 1,015 |
Schedule of expected benefit payments | For the quarter ended For the year ending (In thousands) March 31, 2024 December 31, 2024 Pension Plans $ 57 $ 228 OPEB Plan $ 1,597 $ 5,744 |
Stock-based compensation (Table
Stock-based compensation (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Executive Officers | |
Share based compensation | |
Schedule of restricted and unrestricted stock units | The management. (Not in thousands) Shares Weighted-Average Grant Date Fair Value Non-vested at December 31, 2022 281,963 $ 56.50 Granted 257,757 66.01 Performance Shares Quantity Adjustment 19,753 75.32 Vested (243,133) 66.31 Forfeited (16,444) 55.82 Non-vested at December 31, 2023 299,896 $ 58.20 Granted 143,084 85.57 Performance Shares Quantity Adjustment 33,858 88.92 Vested (185,177) 79.81 Forfeited 411 69.92 Non-vested at March 31, 2024 292,072 $ 61.48 |
Directors | |
Share based compensation | |
Schedule of restricted and unrestricted stock units | The following table summarizes the restricted stock (Not in thousands) RSUs / Unrestricted stock Weighted-Average Date Fair Value per Unit Non-vested at December 31, 2022 - $ - Granted 39,104 55.30 Vested (39,104) 55.30 Forfeited - - Non-vested at December 31, 2023 - $ - Granted 1,195 82.08 Vested (1,195) 82.08 Forfeited - - Non-vested at March 31, 2024 - $ - |
Income taxes (Tables)
Income taxes (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Components of Deferred Tax Assets and Liabilities | March 31, 2024 PR US Total Deferred tax assets: Tax credits available $ 263 $ 10,749 $ 11,012 Net operating loss and other carryforward available 53,852 619,457 673,309 Postretirement and pension benefits 37,314 - 37,314 Allowance for credit losses 246,566 29,866 276,432 Depreciation 6,774 6,651 13,425 FDIC-assisted transaction 152,665 - 152,665 Lease liability 28,280 19,272 47,552 Unrealized net loss on investment securities 309,191 20,406 329,597 Difference in outside basis from pass-through entities 44,008 - 44,008 Mortgage Servicing Rights 14,378 - 14,378 Other temporary differences 49,600 10,041 59,641 Total gross deferred 942,891 716,442 1,659,333 Deferred tax liabilities: Intangibles 85,564 52,715 138,279 Right of use assets 25,839 16,940 42,779 Deferred loan origination fees/cost (823) 2,085 1,262 Loans acquired 19,703 - 19,703 Other temporary differences 6,854 422 7,276 Total gross deferred 137,137 72,162 209,299 Valuation allowance 71,380 378,910 450,290 Net deferred tax asset $ 734,374 $ 265,370 $ 999,744 PR US Total Deferred tax assets: Tax credits available $ 263 $ 10,281 $ 10,544 Net operating loss and other carryforward available 122,634 620,982 743,616 Postretirement and pension benefits 38,121 - 38,121 Allowance for credit losses 244,956 28,222 273,178 Depreciation 6,774 6,578 13,352 FDIC-assisted transaction 152,665 - 152,665 Lease liability 29,070 20,492 49,562 Unrealized net loss on investment securities 312,583 19,037 331,620 Difference in outside basis from pass-through entities 46,056 - 46,056 Mortgage Servicing Rights 14,085 - 14,085 Other temporary differences 47,679 9,625 57,304 Total gross deferred 1,014,886 715,217 1,730,103 Deferred tax liabilities: Intangibles 84,635 51,944 136,579 Right of use assets 26,648 18,030 44,678 Deferred loan origination fees/cost (1,056) 1,486 430 Loans acquired 20,430 - 20,430 Other temporary differences 6,402 422 6,824 Total gross deferred 137,059 71,882 208,941 Valuation allowance 139,347 374,035 513,382 Net deferred tax asset $ 738,480 $ 269,300 $ 1,007,780 |
Reconciliation of Unrecognized Tax Benefits | (In millions) 2024 2023 Balance at January 1 $ 1.5 $ 2.5 Balance at March 31 $ 1.5 $ 2.5 |
PR | |
Differences Between Income Tax Expense (Benefit) Applicable to Income Before Income Taxes and Amount Computed by Applying the Statutory Tax Rate in Puerto Rico | Quarters ended March 31, 2024 March 31, 2023 (In thousands) Amount % of pre-tax income Amount % of pre-tax income Computed income tax expense at statutory rates $ 59,569 38 % $ 76,985 38 % Net benefit of tax exempt interest income (28,759) (18) (21,902) (11) Effect of income subject to preferential tax rate (1,420) (1) (855) - Deferred tax asset valuation allowance 2,563 1 (4,565) (2) Difference in tax rates due to multiple jurisdictions (673) - (5,169) (3) Tax on intercompany [1] 24,325 16 - - U.S., States, and local taxes 1,036 - 3,355 2 Others (1,073) (1) (1,535) (1) Income tax expense $ 55,568 35 % $ 46,314 23 % [1] Includes $ 16.5 |
Supplemental disclosure on th_2
Supplemental disclosure on the consolidated statements of cash flows (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Supplemental Cash Flow Information | |
Additional Disclosures on Cash Flow Information and Non-Cash Activities | (In thousands) March 31, 2024 March 31, 2023 Non-cash activities: $ 16,133 $ 18,367 20,224 17,343 36,357 35,710 13,464 2,778 2,725 3,203 13,689 13,232 16,414 16,435 22,495 14,105 2,763 2,475 1,722 1,500 [1] 2,205 10,966 45 10,307 45 402 125,000 99,620 294 501 2,181 855 1,152 2,699 [1] Includes loans securitized into trading securities and subsequently |
Reconciliation Of Cash And Due From Banks And Restricted Cash | (In thousands) March 31, 2024 March 31, 2023 Cash and due from banks $ 305,869 $ 427,160 Restricted cash and due from banks 14,617 34,853 Restricted cash in money market investments 7,793 7,173 Total cash and due [2] $ 328,279 $ 469,186 [2] Refer to Note 4 - Restrictions on cash and due from banks |
Segment reporting (Tables)
Segment reporting (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Table Text Block | |
Results of Operations and Total Assets | 2024 For the quarter ended March 31, 2024 Intersegment (In thousands) BPPR Popular U.S. Eliminations Net interest income $ 472,841 $ 84,853 $ - Provision for credit losses 60,680 11,435 - Non-interest income 145,669 7,120 (56) Amortization of intangibles 484 311 - Depreciation expense 13,009 1,943 - Other operating expenses 393,805 67,788 (56) Income tax expense 29,206 3,456 - Net income $ 121,326 $ 7,040 $ - Segment assets $ 57,250,662 $ 13,686,037 $ (359,383) For the quarter ended March 31, 2024 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 557,694 $ (6,950) $ - $ 550,744 Provision for credit losses 72,115 483 - 72,598 Non-interest income 152,733 11,722 (637) 163,818 Amortization of intangibles 795 - - 795 Depreciation expense 14,952 409 - 15,361 Other operating expenses 461,537 6,611 (1,191) 466,957 Income tax expense 32,662 22,676 230 55,568 Net income (loss) $ 128,366 $ (25,407) $ 324 $ 103,283 Segment assets $ 70,577,316 $ 5,723,198 $ (5,363,575) $ 70,936,939 2023 For the quarter ended March 31, 2023 Intersegment (In thousands) BPPR Eliminations Net interest income $ 449,820 $ 90,086 $ 1 Provision for credit losses 45,708 2,065 - Non-interest income 147,471 6,384 (136) Amortization of intangibles 484 311 - Depreciation expense 11,669 1,814 - Other operating expenses 363,715 63,317 (136) Income tax expense 42,832 3,976 - Net income $ 132,883 $ 24,987 $ 1 Segment assets $ 55,770,442 $ 12,147,556 $ (541,534) For the quarter ended March 31, 2023 Reportable (In thousands) Segments Corporate Eliminations Total Popular, Net interest income (expense) $ 539,907 $ (8,251) $ - $ 531,656 Provision for credit losses (benefit) 47,773 (136) - 47,637 Non-interest income 153,719 9,714 (1,472) 161,961 Amortization of intangibles 795 - - 795 Depreciation expense 13,483 359 - 13,842 Other operating expenses 426,896 230 (1,076) 426,050 Income tax expense (benefit) 46,808 (321) (173) 46,314 Net income $ 157,871 $ 1,331 $ (223) $ 158,979 Segment assets $ 67,376,464 $ 5,803,751 $ (5,504,456) $ 67,675,759 |
Schedule Of Revenues And Selected Balance Sheet Information By Geographic Area | Geographic Information Quarter ended (In thousands) March 31, 2024 March 31, 2023 Revenues: [1] $ 565,744 $ 547,903 126,741 125,045 22,077 20,669 Total consolidated $ 714,562 $ 693,617 [1] Total revenues include including impairment on equity securities, net gain on trading other operating income. Selected Balance Sheet Information: (In thousands) March 31, 2024 December 31, 2023 Puerto Rico Total assets $ 54,507,722 $ 54,181,300 Loans 22,649,624 22,519,961 Deposits 51,350,879 51,282,007 United States Total assets $ 15,186,839 $ 15,343,156 Loans 11,931,955 12,006,012 Deposits 10,716,008 10,643,602 Other Total assets $ 1,242,378 $ 1,233,699 Loans 542,511 543,299 Deposits [1] 1,741,897 1,692,634 [1] Represents deposits from BPPR operations located in the |
Basis of presentation (Details)
Basis of presentation (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Reclassification | ||
Income tax credits and adjustments | $ 22,900 | |
Other operating expenses | 28,272 | $ 24,361 |
PR | ||
Reclassification | ||
Deferred tax asset valuation allowance | 2,563 | $ (4,565) |
US federal taxes and Puerto Rico taxes | ||
Reclassification | ||
Income tax credits and adjustments | 6,500 | |
Prior period correction adjustment | ||
Reclassification | ||
Income tax credits and adjustments | 16,500 | |
Prior period correction adjustment | BHC | ||
Reclassification | ||
Deferred tax asset valuation allowance | 53,700 | |
Prior period correction adjustment | Other operating expenses | ||
Reclassification | ||
Other operating expenses | 6,400 | |
Prior period correction adjustment | Tax Year 2023 | ||
Reclassification | ||
Income tax credits and adjustments | 5,500 | |
Prior period correction adjustment | Tax Year 2022 | ||
Reclassification | ||
Income tax credits and adjustments | 5,400 | |
Prior period correction adjustment | Prior to tax year 2022 | ||
Reclassification | ||
Income tax credits and adjustments | 5,600 | |
Prior period correction adjustment | Prior to tax year 2022 | Other operating expenses | ||
Reclassification | ||
Other operating expenses | $ 3,000 |
Restrictions on cash and due _2
Restrictions on cash and due from banks and certain securities - Additional Information (Details) - USD ($) $ in Millions | Mar. 31, 2024 | Dec. 31, 2023 |
Disclosure - Restrictions on Cash and Due from Banks and Certain Securities - Additional Information [Abstract] | ||
Average Reserve Required With Federal Reserve Bank | $ 2,800 | $ 2,700 |
Restricted Cash And Cash Equivalents | $ 61 | $ 78 |
Debt Securities Available for S
Debt Securities Available for Sale - Weighted average yield and contractual maturities of debt securities AFS (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Amortized cost | ||
Amortized Cost | $ 19,462,981 | $ 18,101,163 |
Allowance for credit losses | ||
Allowance for credit losses | 500 | 0 |
Gross unrealized gains | ||
Gross unrealized gains | 725 | 1,394 |
Gross unrealized loss | ||
Gross unrealized losses | 1,445,782 | 1,373,513 |
Fair Value | ||
Debt securities available-for-sale | $ 18,017,424 | $ 16,729,044 |
Weighted average yield | ||
Weighted Average Yield | 2.72% | 2.35% |
US Treasury Securities | ||
Amortized cost | ||
Amortized cost - Within 1 year | $ 9,394,716 | $ 7,103,518 |
Amortized cost - After 1 to 5 years | 2,825,336 | 3,598,209 |
Amortized cost - After 5 to 10 years | 307,174 | 307,512 |
Amortized Cost | 12,527,226 | 11,009,239 |
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 5 to 10 years | 0 | |
Allowance for credit losses | 0 | |
Gross unrealized gains | ||
Gross unrealized gain - Within 1 year | 68 | 526 |
Gross unrealized gain - After 1 to 5 years | 0 | 84 |
Gross unrealized gain - After 5 to 10 years | 0 | 0 |
Gross unrealized gains | 68 | 610 |
Gross unrealized loss | ||
Gross unrealized losses - Within 1 year | 60,864 | 59,415 |
Gross unrealized losses - After 1 to 5 years | 140,775 | 170,209 |
Gross unrealized losses - After 5 to 10 years | 36,444 | 33,164 |
Gross unrealized losses | 238,083 | 262,788 |
Fair Value | ||
Fair value - Within 1 year | 9,333,920 | 7,044,629 |
Fair value - After 1 to 5 years | 2,684,561 | 3,428,084 |
Fair value - After 5 to 10 years | 270,730 | 274,348 |
Debt securities available-for-sale | $ 12,289,211 | $ 10,747,061 |
Weighted average yield | ||
Weighted average yield - Within 1 year | 3.90% | 3.51% |
Weighted average yield - After 1 to 5 years | 1.32% | 1.35% |
Weighted average yield - After 5 to 10 years | 1.63% | 1.63% |
Weighted Average Yield | 3.26% | 2.75% |
Collateralized Mortgage Obligations - Federal agencies | ||
Amortized cost | ||
Amortized cost - After 1 to 5 years | $ 15,883 | $ 17,899 |
Amortized cost - After 5 to 10 years | 19,189 | 20,503 |
Amortized cost - After 10 years | 104,671 | 108,280 |
Amortized Cost | 139,743 | 146,682 |
Allowance for credit losses | ||
Allowance for credit losses - After 1 to 5 years | 0 | |
Allowance for credit losses - After 5 to 10 years | 0 | |
Allowance for credit losses - After 10 years | 0 | |
Allowance for credit losses | 0 | |
Gross unrealized gains | ||
Gross unrealized gain - After 1 to 5 years | 0 | 0 |
Gross unrealized gain - After 5 to 10 years | 0 | 2 |
Gross unrealized gain - After 10 years | 21 | 29 |
Gross unrealized gains | 21 | 31 |
Gross unrealized loss | ||
Gross unrealized losses - After 1 to 5 years | 813 | 838 |
Gross unrealized losses - After 5 to 10 years | 1,337 | 1,321 |
Gross unrealized losses - After 10 years | 10,006 | 9,868 |
Gross unrealized losses | 12,156 | 12,027 |
Fair Value | ||
Fair value - After 1 to 5 years | 15,070 | 17,061 |
Fair value - After 5 to 10 years | 17,852 | 19,184 |
Fair value - After 10 years | 94,686 | 98,441 |
Debt securities available-for-sale | $ 127,608 | $ 134,686 |
Weighted average yield | ||
Weighted average yield - After 1 to 5 years | 1.54% | 1.55% |
Weighted average yield - After 5 to 10 years | 2.29% | 2.28% |
Weighted average yield - After 10 years | 2.55% | 2.54% |
Weighted Average Yield | 2.40% | 2.38% |
Mortgage Backed Securities - federal agencies | ||
Amortized cost | ||
Amortized cost - Within 1 year | $ 457 | $ 637 |
Amortized cost - After 1 to 5 years | 78,628 | 82,310 |
Amortized cost - After 5 to 10 years | 817,332 | 792,431 |
Amortized cost - After 10 years | 5,897,090 | 6,067,353 |
Amortized Cost | 6,793,507 | 6,942,731 |
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 5 to 10 years | 0 | |
Allowance for credit losses - After 10 years | 0 | |
Allowance for credit losses | 0 | |
Gross unrealized gains | ||
Gross unrealized gain - Within 1 year | 0 | 0 |
Gross unrealized gain - After 1 to 5 years | 6 | 11 |
Gross unrealized gain - After 5 to 10 years | 181 | 75 |
Gross unrealized gain - After 10 years | 449 | 667 |
Gross unrealized gains | 636 | 753 |
Gross unrealized loss | ||
Gross unrealized losses - Within 1 year | 5 | 3 |
Gross unrealized losses - After 1 to 5 years | 3,683 | 3,536 |
Gross unrealized losses - After 5 to 10 years | 56,576 | 48,250 |
Gross unrealized losses - After 10 years | 1,135,279 | 1,046,909 |
Gross unrealized losses | 1,195,543 | 1,098,698 |
Fair Value | ||
Fair value - Within 1 year | 452 | 634 |
Fair value - After 1 to 5 years | 74,951 | 78,785 |
Fair value - After 5 to 10 years | 760,937 | 744,256 |
Fair value - After 10 years | 4,762,260 | 5,021,111 |
Debt securities available-for-sale | $ 5,598,600 | $ 5,844,786 |
Weighted average yield | ||
Weighted average yield - Within 1 year | 2.06% | 3.72% |
Weighted average yield - After 1 to 5 years | 2.36% | 2.34% |
Weighted average yield - After 5 to 10 years | 2.33% | 2.28% |
Weighted average yield - After 10 years | 1.65% | 1.64% |
Weighted Average Yield | 1.74% | 1.72% |
Other | ||
Amortized cost | ||
Amortized cost - Within 1 year | $ 1,005 | $ 1,011 |
Amortized cost - After 1 to 5 years | 1,500 | 1,500 |
Amortized Cost | 2,505 | 2,511 |
Allowance for credit losses | ||
Allowance for credit losses - Within 1 year | 500 | |
Allowance for credit losses - After 1 to 5 years | 0 | |
Allowance for credit losses | 500 | |
Gross unrealized gains | ||
Gross unrealized gain - Within 1 year | 0 | 0 |
Gross unrealized gain - After 1 to 5 years | 0 | 0 |
Gross unrealized gains | 0 | 0 |
Gross unrealized loss | ||
Gross unrealized losses - Within 1 year | 0 | 0 |
Gross unrealized losses - After 1 to 5 years | 0 | 0 |
Gross unrealized losses | 0 | 0 |
Fair Value | ||
Fair value - Within 1 year | 505 | 1,011 |
Fair value - After 1 to 5 years | 1,500 | 1,500 |
Debt securities available-for-sale | $ 2,005 | $ 2,511 |
Weighted average yield | ||
Weighted average yield - Within 1 year | 4% | 4% |
Weighted average yield - After 1 to 5 years | 8.50% | 8.50% |
Weighted Average Yield | 6.69% | 6.69% |
Debt Securities Available for_2
Debt Securities Available for Sale - Weighted average yield and contractual maturities of debt securities AFS - Parenthetical (Details) - Debt securities available-for-sale - USD ($) $ in Billions | Mar. 31, 2024 | Dec. 31, 2023 |
Asset pledged as collateral | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Debt securities | $ 11.8 | $ 12 |
Debt securities served as collateral for public funds | 11 | 11.1 |
Asset Not Pledged as Collateral | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Debt securities | $ 6.2 | $ 4.6 |
Debt Securities Available for_3
Debt Securities Available for Sale - AFS debt securities in a continuous unrealized loss position (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | $ 4,893,224 | $ 287,277 |
Less than 12 months Gross Unrealized Losses | 4,143 | 5,566 |
12 months or more Fair Value | 11,455,977 | 12,455,131 |
12 months or more Gross Unrealized Losses | 1,441,639 | 1,367,947 |
Total Fair Value | 16,349,201 | 12,742,408 |
Total Gross Unrealized Losses | 1,445,782 | 1,373,513 |
US Treasury Securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 4,845,109 | 244,925 |
Less than 12 months Gross Unrealized Losses | 3,713 | 5,126 |
12 months or more Fair Value | 5,809,606 | 6,550,941 |
12 months or more Gross Unrealized Losses | 234,370 | 257,662 |
Total Fair Value | 10,654,715 | 6,795,866 |
Total Gross Unrealized Losses | 238,083 | 262,788 |
Collateralized Mortgage Obligations - Federal agencies | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 2,127 | 5,234 |
Less than 12 months Gross Unrealized Losses | 2 | 35 |
12 months or more Fair Value | 123,238 | 124,930 |
12 months or more Gross Unrealized Losses | 12,154 | 11,992 |
Total Fair Value | 125,365 | 130,164 |
Total Gross Unrealized Losses | 12,156 | 12,027 |
Mortgage Backed Securities - federal agencies | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Less than 12 months Fair Value | 45,988 | 37,118 |
Less than 12 months Gross Unrealized Losses | 428 | 405 |
12 months or more Fair Value | 5,523,133 | 5,779,260 |
12 months or more Gross Unrealized Losses | 1,195,115 | 1,098,293 |
Total Fair Value | 5,569,121 | 5,816,378 |
Total Gross Unrealized Losses | $ 1,195,543 | $ 1,098,698 |
Debt Securities Available for_4
Debt Securities Available for Sale - Debt securities available- for-sale - Additional Information (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Schedule of Available-for-sale Securities [Line Items] | |||
Proceeds from sale of debt securities available-for-sale | $ 0 | $ 0 | |
Gross unrealized losses | $ 1,445,782,000 | $ 1,373,513,000 |
Debt Securities Held-to-matur_3
Debt Securities Held-to-maturity - Weighted average yield and contractual maturities of debt securities HTM (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Amortized cost | ||||
Amortized cost | $ 8,697,641 | $ 8,852,825 | ||
Book Value | ||||
Book Value | 8,083,160 | 8,194,335 | ||
Allowance for credit losses | ||||
Allowance for credit losses | 5,731 | 5,780 | ||
Net of Allowance | ||||
Net of Allowance | 8,077,429 | 8,188,555 | ||
Gross unrecognized gains | ||||
Gross Unrealized Gains | 2,993 | 3,578 | ||
Gross unrealized losses | ||||
Gross Unrealized Losses | 122,096 | 32,748 | ||
Fair Value | ||||
Fair value | $ 7,958,326 | $ 8,159,385 | ||
Weighted Average Yield | ||||
Weighted Average Yield | 1.47% | 1.48% | ||
US Treasury Securities | ||||
Amortized cost | ||||
Amortized cost - Within 1 year | $ 597,620 | $ 597,768 | ||
Amortized cost - After 1 to 5 year | 8,030,813 | 7,971,072 | ||
Amortized cost - After 5 to 10 years | 211,061 | |||
Amortized cost | 8,628,433 | 8,779,901 | ||
Book Value | ||||
Book Value - within 1 year | 597,620 | 597,768 | ||
Book Value - Within 1 to 5 years | 7,416,332 | 7,335,159 | ||
Book Value - After 5 to 10 years | 188,484 | |||
Book Value | 8,013,952 | 8,121,411 | ||
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 | |||
Allowance for credit losses | 0 | 0 | ||
Net of Allowance | ||||
Net of Allowance - Within 1 Year | 597,620 | 597,768 | ||
Net of Allowance - After 1 to 5 Years | 7,416,332 | 7,335,159 | ||
Net of Allowance - After 5 to 10 Years | 188,484 | |||
Net of Allowance | 8,013,952 | 8,121,411 | ||
Gross unrecognized gains | ||||
Gross unrealized gains - Within 1 year | 0 | 0 | ||
Gross unrealized gains - After 1 to 5 years | 0 | 637 | ||
Gross unrealized gains - After 5 to 10 years | 0 | |||
Gross Unrealized Gains | 0 | 637 | ||
Gross unrealized losses | ||||
Gross unrealized losses - Within 1 year | 7,857 | 7,526 | ||
Gross unrealized losses - After 1 to 5 years | 111,295 | 21,996 | ||
Gross unrealized losses - After 5 to 10 years | 187 | |||
Gross Unrealized Losses | 119,152 | 29,709 | ||
Fair Value | ||||
Fair Value - within 1 year | 589,763 | 590,242 | ||
Fair Value - After 1 to 5 years | 7,305,037 | 7,313,800 | ||
Fair Value - After 5 to 10 years | 188,297 | |||
Fair value | $ 7,894,800 | $ 8,092,339 | ||
Weighted Average Yield | ||||
Weighted average yield - Within 1 Year | 2.61% | 2.58% | ||
Weighted average yield - After 1 to 5 years | 1.37% | 1.39% | ||
Weighted average yield - After 5 to 10 years | 1.50% | |||
Weighted Average Yield | 1.46% | 1.47% | ||
Obligations of Puerto Rico, States and political subdivisions | ||||
Amortized cost | ||||
Amortized cost - Within 1 year | $ 3,055 | $ 4,820 | ||
Amortized cost - After 1 to 5 year | 18,615 | 20,171 | ||
Amortized cost - After 5 to 10 years | 845 | 845 | ||
Amortized cost - After 10 years | 39,197 | 39,572 | ||
Amortized cost | 61,712 | 65,408 | ||
Book Value | ||||
Book Value - within 1 year | 3,055 | 4,820 | ||
Book Value - Within 1 to 5 years | 18,615 | 20,171 | ||
Book Value - After 5 to 10 years | 845 | 845 | ||
Book Value - After 10 years | 39,197 | 39,572 | ||
Book Value | 61,712 | 65,408 | ||
Allowance for credit losses | ||||
Allowance for credit losses - Within 1 Year | 11 | 9 | ||
Allowance for credit losses - After 1 to 5 years | 135 | 147 | ||
Allowance for credit losses - After 5 to 10 years | 28 | 28 | ||
Allowance for credit losses - After 10 years | 5,557 | 5,596 | ||
Allowance for credit losses | 5,731 | 5,780 | $ 6,792 | $ 6,911 |
Net of Allowance | ||||
Net of Allowance - Within 1 Year | 3,044 | 4,811 | ||
Net of Allowance - After 1 to 5 Years | 18,480 | 20,024 | ||
Net of Allowance - After 5 to 10 Years | 817 | 817 | ||
Net of Allowance - After 10 Years | 33,640 | 33,976 | ||
Net of Allowance | 55,981 | 59,628 | ||
Gross unrecognized gains | ||||
Gross unrealized gains - Within 1 year | 7 | 3 | ||
Gross unrealized gains - After 1 to 5 years | 68 | 96 | ||
Gross unrealized gains - After 5 to 10 years | 28 | 28 | ||
Gross unrealized gains - After 10 years | 2,890 | 2,814 | ||
Gross Unrealized Gains | 2,993 | 2,941 | ||
Gross unrealized losses | ||||
Gross unrealized losses - Within 1 year | 6 | 0 | ||
Gross unrealized losses - After 1 to 5 years | 130 | 125 | ||
Gross unrealized losses - After 5 to 10 years | 0 | 0 | ||
Gross unrealized losses - After 10 years | 2,636 | 2,766 | ||
Gross Unrealized Losses | 2,772 | 2,891 | ||
Fair Value | ||||
Fair Value - within 1 year | 3,045 | 4,814 | ||
Fair Value - After 1 to 5 years | 18,418 | 19,995 | ||
Fair Value - After 5 to 10 years | 845 | 845 | ||
Fair Value - After 10 years | 33,894 | 34,024 | ||
Fair value | $ 56,202 | $ 59,678 | ||
Weighted Average Yield | ||||
Weighted average yield - Within 1 Year | 6.23% | 6.17% | ||
Weighted average yield - After 1 to 5 years | 3.60% | 3.80% | ||
Weighted average yield - After 5 to 10 years | 5.80% | 5.80% | ||
Weighted average yield - After 10 years | 1.42% | 1.41% | ||
Weighted Average Yield | 2.38% | 2.55% | ||
Collateralized Mortgage Obligations - Federal agencies | ||||
Amortized cost | ||||
Amortized cost - Within 1 year | $ 13 | |||
Amortized cost - After 10 years | $ 1,536 | 1,543 | ||
Amortized cost | 1,536 | 1,556 | ||
Book Value | ||||
Book Value - within 1 year | 13 | |||
Book Value - After 10 years | 1,536 | 1,543 | ||
Book Value | 1,536 | 1,556 | ||
Allowance for credit losses | ||||
Allowance for credit losses - Within 1 Year | 0 | |||
Allowance for credit losses - After 10 years | 0 | 0 | ||
Allowance for credit losses | 0 | 0 | ||
Net of Allowance | ||||
Net of Allowance - Within 1 Year | 13 | |||
Net of Allowance - After 10 Years | 1,536 | 1,543 | ||
Net of Allowance | 1,536 | 1,556 | ||
Gross unrecognized gains | ||||
Gross unrealized gains - Within 1 year | 0 | |||
Gross unrealized gains - After 10 years | 0 | 0 | ||
Gross Unrealized Gains | 0 | 0 | ||
Gross unrealized losses | ||||
Gross unrealized losses - Within 1 year | 0 | |||
Gross unrealized losses - After 10 years | 172 | 148 | ||
Gross Unrealized Losses | 172 | 148 | ||
Fair Value | ||||
Fair Value - within 1 year | 13 | |||
Fair Value - After 10 years | 1,364 | 1,395 | ||
Fair value | $ 1,364 | $ 1,408 | ||
Weighted Average Yield | ||||
Weighted average yield - Within 1 Year | 6.44% | |||
Weighted average yield - After 10 years | 2.87% | 2.87% | ||
Weighted Average Yield | 2.87% | 2.90% | ||
Securities in wholly owned statutory business trusts | ||||
Amortized cost | ||||
Amortized cost - After 10 years | $ 5,960 | $ 5,960 | ||
Amortized cost | 5,960 | 5,960 | ||
Book Value | ||||
Book Value - After 10 years | 5,960 | 5,960 | ||
Book Value | 5,960 | 5,960 | ||
Allowance for credit losses | ||||
Allowance for credit losses - After 10 years | 0 | 0 | ||
Allowance for credit losses | 0 | 0 | ||
Net of Allowance | ||||
Net of Allowance - After 10 Years | 5,960 | 5,960 | ||
Net of Allowance | 5,960 | 5,960 | ||
Gross unrecognized gains | ||||
Gross unrealized gains - After 10 years | 0 | 0 | ||
Gross Unrealized Gains | 0 | 0 | ||
Gross unrealized losses | ||||
Gross unrealized losses - After 10 years | 0 | 0 | ||
Gross Unrealized Losses | 0 | 0 | ||
Fair Value | ||||
Fair Value - After 10 years | 5,960 | 5,960 | ||
Fair value | $ 5,960 | $ 5,960 | ||
Weighted Average Yield | ||||
Weighted average yield - After 10 years | 6.33% | 6.33% | ||
Weighted Average Yield | 6.33% | 6.33% |
Debt Securities Held-to-matur_4
Debt Securities Held-to-maturity - Weighted average yield and contractual maturities of debt securities HTM - Parenthetical (Details) - Held To Maturity Debt Securities - USD ($) $ in Millions | Mar. 31, 2024 | Dec. 31, 2023 |
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 | $ 614 | $ 658 |
Asset Not Pledged as Collateral | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt securities | 69.3 | 67.3 |
Asset pledged as collateral | ||
Schedule of Held-to-maturity Securities [Line Items] | ||
Debt securities | $ 8,000 | $ 8,100 |
Debt Securities Held-to-matur_5
Debt Securities Held-to-maturity - Credit quality indicators (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Debt securities held to maturity credit quality indicator [Line Items] | ||
Held to maturity securities | $ 8,697,641 | $ 8,852,825 |
Obligations of Puerto Rico, States and political subdivisions | ||
Debt securities held to maturity credit quality indicator [Line Items] | ||
Held to maturity securities | 61,712 | 65,408 |
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 | 15,520 | 18,820 |
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 | 2,255 | 2,255 |
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 | $ 13,265 | $ 16,565 |
Debt Securities Held-to-matur_6
Debt Securities Held-to-maturity - Allowance for credit loss on held to maturity (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Debt securities held to maturity allowance for credit loss | ||
Beginning balance | $ 5,780 | |
Ending balance | 5,731 | |
Obligations of Puerto Rico, States and political subdivisions | ||
Debt securities held to maturity allowance for credit loss | ||
Beginning balance | 5,780 | $ 6,911 |
Provision for credit losses (benefit) | (49) | (119) |
Securities charged-off | 0 | 0 |
Recoveries | 0 | 0 |
Ending balance | $ 5,731 | $ 6,792 |
Debt Securities Held-to-matur_7
Debt Securities Held-to-maturity -Additional Information (Details) | Mar. 31, 2024 USD ($) score | Dec. 31, 2023 USD ($) score | Mar. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) |
Schedule of Held-to-maturity Securities [Line Items] | ||||
Held to maturity securities | $ 8,697,641,000 | $ 8,852,825,000 | ||
Allowance for credit losses | 5,731,000 | 5,780,000 | ||
Obligations of Puerto Rico, States and political subdivisions | ||||
Schedule of Held-to-maturity Securities [Line Items] | ||||
Held to maturity securities | 61,712,000 | 65,408,000 | ||
Allowance for credit losses | $ 5,731,000 | $ 5,780,000 | $ 6,792,000 | $ 6,911,000 |
Average Credit Score Fico | score | 708 | 708 | ||
Percentage of nominal value | 68% | 67% | ||
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 | $ 15,520,000 | $ 18,820,000 | ||
Allowance for credit losses | 200,000 | 200,000 | ||
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 | 39,000,000 | 40,000,000 | ||
Allowance for credit losses | 5,600,000 | 5,600,000 | ||
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 | 7,000,000 | 7,000,000 | ||
Allowance for credit losses | 0 | 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 | Mar. 31, 2024 | Dec. 31, 2023 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | $ 35,118,738 | $ 35,064,971 |
Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 479,802 | 531,633 |
Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 190,377 | 190,356 |
Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 601,669 | 626,082 |
Non-accrual loans | 354,127 | 357,611 |
Accruing loans past-due 90 days or more | 247,542 | 268,471 |
Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,271,848 | 1,348,071 |
Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 33,846,890 | 33,716,900 |
Construction | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,009,303 | 959,280 |
Construction | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 8,825 | 0 |
Construction | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Construction | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 6,378 |
Non-accrual loans | 0 | 6,378 |
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 | 8,825 | 6,378 |
Construction | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,000,478 | 952,902 |
Mortgages | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 7,783,662 | 7,695,917 |
Mortgages | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 279,566 | 309,715 |
Mortgages | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 107,757 | 122,103 |
Mortgages | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 413,133 | 427,719 |
Non-accrual loans | 194,544 | 186,297 |
Accruing loans past-due 90 days or more | 218,589 | 241,422 |
Mortgages | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 800,456 | 859,537 |
Mortgages | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 6,983,206 | 6,836,380 |
Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,384,635 | 2,415,620 |
Commercial | Commercial multi-family | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 22,818 | 9,665 |
Commercial | Commercial multi-family | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,027 | 2,001 |
Commercial | Commercial multi-family | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 8,806 | 1,991 |
Non-accrual loans | 8,806 | 1,991 |
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 | 33,651 | 13,657 |
Commercial | Commercial multi-family | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,350,984 | 2,401,963 |
Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,057,059 | 5,087,421 |
Commercial | CRE non-owner occupied | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,118 | 6,076 |
Commercial | CRE non-owner occupied | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,642 | 1,113 |
Commercial | CRE non-owner occupied | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 10,329 | 9,862 |
Non-accrual loans | 10,329 | 9,862 |
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 | 18,089 | 17,051 |
Commercial | CRE non-owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,038,970 | 5,070,370 |
Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,117,844 | 3,080,635 |
Commercial | CRE owner occupied | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 12,735 | 33,286 |
Commercial | CRE owner occupied | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 19,441 | 249 |
Commercial | CRE owner occupied | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 30,001 | 35,704 |
Non-accrual loans | 30,001 | 35,704 |
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 | 62,177 | 69,239 |
Commercial | CRE owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,055,667 | 3,011,396 |
Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 7,025,483 | 7,126,121 |
Commercial | Commercial and Industrial | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 12,981 | 14,813 |
Commercial | Commercial and Industrial | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 9,180 | 4,049 |
Commercial | Commercial and Industrial | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 40,375 | 40,091 |
Non-accrual loans | 35,594 | 36,598 |
Accruing loans past-due 90 days or more | 4,781 | 3,493 |
Commercial | Commercial and Industrial | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 62,536 | 58,953 |
Commercial | Commercial and Industrial | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 6,962,947 | 7,067,168 |
Leasing | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,765,413 | 1,731,809 |
Leasing | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 19,936 | 20,140 |
Leasing | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,752 | 6,719 |
Leasing | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 7,267 | 8,632 |
Non-accrual loans | 7,267 | 8,632 |
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 | 31,955 | 35,491 |
Leasing | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,733,458 | 1,696,318 |
Consumer | Credit card | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,142,153 | 1,135,747 |
Consumer | Credit card | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 13,034 | 13,243 |
Consumer | Credit card | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 9,528 | 9,912 |
Consumer | Credit card | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 23,858 | 23,281 |
Non-accrual loans | 0 | 0 |
Accruing loans past-due 90 days or more | 23,858 | 23,281 |
Consumer | Credit card | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 46,420 | 46,436 |
Consumer | Credit card | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,095,733 | 1,089,311 |
Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 66,717 | 65,953 |
Consumer | Home equity lines of credit | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 846 | 1,702 |
Consumer | Home equity lines of credit | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 616 | 4 |
Consumer | Home equity lines of credit | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,993 | 3,759 |
Non-accrual loans | 3,986 | 3,733 |
Accruing loans past-due 90 days or more | 7 | 26 |
Consumer | Home equity lines of credit | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,455 | 5,465 |
Consumer | Home equity lines of credit | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 61,262 | 60,488 |
Consumer | Personal loans | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,897,010 | 1,945,247 |
Consumer | Personal loans | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 21,964 | 21,287 |
Consumer | Personal loans | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 13,864 | 16,559 |
Consumer | Personal loans | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 21,160 | 21,836 |
Non-accrual loans | 21,160 | 21,836 |
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 | 56,988 | 59,682 |
Consumer | Personal loans | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,840,022 | 1,885,565 |
Consumer | Auto Loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,706,854 | 3,660,780 |
Consumer | Auto Loan | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 82,957 | 100,061 |
Consumer | Auto Loan | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 18,420 | 27,443 |
Consumer | Auto Loan | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 41,807 | 45,615 |
Non-accrual loans | 41,807 | 45,615 |
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 | 143,184 | 173,119 |
Consumer | Auto Loan | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,563,670 | 3,487,661 |
Consumer | Other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 162,605 | 160,441 |
Consumer | Other | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,022 | 1,645 |
Consumer | Other | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 150 | 204 |
Consumer | Other | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 940 | 1,214 |
Non-accrual loans | 633 | 965 |
Accruing loans past-due 90 days or more | 307 | 249 |
Consumer | Other | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,112 | 3,063 |
Consumer | Other | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 160,493 | 157,378 |
Puerto Rico | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 24,634,769 | 24,510,923 |
Puerto Rico | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 422,189 | 431,035 |
Puerto Rico | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 166,758 | 176,849 |
Puerto Rico | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 545,925 | 597,080 |
Non-accrual loans | 298,594 | 328,718 |
Accruing loans past-due 90 days or more | 247,331 | 268,362 |
Puerto Rico | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,134,872 | 1,204,964 |
Puerto Rico | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 23,499,897 | 23,305,959 |
Puerto Rico | Construction | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 162,724 | 169,857 |
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 | 0 | 0 |
Puerto Rico | Construction | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 6,378 |
Non-accrual loans | 0 | 6,378 |
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 | 0 | 6,378 |
Puerto Rico | Construction | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 162,724 | 163,479 |
Puerto Rico | Mortgages | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 6,483,551 | 6,391,824 |
Puerto Rico | Mortgages | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 254,008 | 260,897 |
Puerto Rico | Mortgages | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 107,224 | 114,282 |
Puerto Rico | Mortgages | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 385,062 | 416,528 |
Non-accrual loans | 166,473 | 175,106 |
Accruing loans past-due 90 days or more | 218,589 | 241,422 |
Puerto Rico | Mortgages | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 746,294 | 791,707 |
Puerto Rico | Mortgages | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,737,257 | 5,600,117 |
Puerto Rico | Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 303,651 | 291,942 |
Puerto Rico | Commercial | Commercial multi-family | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 19,384 | 524 |
Puerto Rico | Commercial | Commercial multi-family | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,027 | 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 | 106 | 1,991 |
Non-accrual loans | 106 | 1,991 |
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 | 21,517 | 2,515 |
Puerto Rico | Commercial | Commercial multi-family | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 282,134 | 289,427 |
Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,996,485 | 3,005,254 |
Puerto Rico | Commercial | CRE non-owner occupied | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,378 | 5,510 |
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 | 3,278 | 77 |
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 | 7,922 | 8,745 |
Non-accrual loans | 7,922 | 8,745 |
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 | 13,578 | 14,332 |
Puerto Rico | Commercial | CRE non-owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,982,907 | 2,990,922 |
Puerto Rico | Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,426,092 | 1,398,383 |
Puerto Rico | Commercial | CRE owner occupied | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 6,628 | 2,726 |
Puerto Rico | Commercial | CRE owner occupied | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 432 | 249 |
Puerto Rico | Commercial | CRE owner occupied | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 26,124 | 29,430 |
Non-accrual loans | 26,124 | 29,430 |
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 | 33,184 | 32,405 |
Puerto Rico | Commercial | CRE owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,392,908 | 1,365,978 |
Puerto Rico | Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,745,123 | 4,796,226 |
Puerto Rico | Commercial | Commercial and Industrial | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,020 | 6,998 |
Puerto Rico | Commercial | Commercial and Industrial | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 8,552 | 3,352 |
Puerto Rico | Commercial | Commercial and Industrial | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 33,741 | 36,210 |
Non-accrual loans | 29,171 | 32,826 |
Accruing loans past-due 90 days or more | 4,570 | 3,384 |
Puerto Rico | Commercial | Commercial and Industrial | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 45,313 | 46,560 |
Puerto Rico | Commercial | Commercial and Industrial | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,699,810 | 4,749,666 |
Puerto Rico | Leasing | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,765,413 | 1,731,809 |
Puerto Rico | Leasing | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 19,936 | 20,140 |
Puerto Rico | Leasing | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 4,752 | 6,719 |
Puerto Rico | Leasing | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 7,267 | 8,632 |
Non-accrual loans | 7,267 | 8,632 |
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 | 31,955 | 35,491 |
Puerto Rico | Leasing | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,733,458 | 1,696,318 |
Puerto Rico | Consumer | Credit card | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,142,136 | 1,135,728 |
Puerto Rico | Consumer | Credit card | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 13,034 | 13,243 |
Puerto Rico | Consumer | Credit card | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 9,528 | 9,912 |
Puerto Rico | Consumer | Credit card | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 23,858 | 23,281 |
Non-accrual loans | 0 | 0 |
Accruing loans past-due 90 days or more | 23,858 | 23,281 |
Puerto Rico | Consumer | Credit card | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 46,420 | 46,436 |
Puerto Rico | Consumer | Credit card | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,095,716 | 1,089,292 |
Puerto Rico | Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,569 | 2,648 |
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 | 230 |
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 | 226 | 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 | 7 | 26 |
Non-accrual loans | 0 | 0 |
Accruing loans past-due 90 days or more | 7 | 26 |
Puerto Rico | Consumer | Home equity lines of credit | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 233 | 256 |
Puerto Rico | Consumer | Home equity lines of credit | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,336 | 2,392 |
Puerto Rico | Consumer | Personal loans | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,746,493 | 1,776,310 |
Puerto Rico | Consumer | Personal loans | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 19,822 | 19,065 |
Puerto Rico | Consumer | Personal loans | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 12,169 | 14,611 |
Puerto Rico | Consumer | Personal loans | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 19,092 | 19,031 |
Non-accrual loans | 19,092 | 19,031 |
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 | 51,083 | 52,707 |
Puerto Rico | Consumer | Personal loans | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,695,410 | 1,723,603 |
Puerto Rico | Consumer | Auto Loan | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,706,854 | 3,660,780 |
Puerto Rico | Consumer | Auto Loan | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 82,957 | 100,061 |
Puerto Rico | Consumer | Auto Loan | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 18,420 | 27,443 |
Puerto Rico | Consumer | Auto Loan | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 41,807 | 45,615 |
Non-accrual loans | 41,807 | 45,615 |
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 | 143,184 | 173,119 |
Puerto Rico | Consumer | Auto Loan | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 3,563,670 | 3,487,661 |
Puerto Rico | Consumer | Other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 153,678 | 150,162 |
Puerto Rico | Consumer | Other | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,022 | 1,641 |
Puerto Rico | Consumer | Other | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 150 | 204 |
Puerto Rico | Consumer | Other | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 939 | 1,213 |
Non-accrual loans | 632 | 964 |
Accruing loans past-due 90 days or more | 307 | 249 |
Puerto Rico | Consumer | Other | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,111 | 3,058 |
Puerto Rico | Consumer | Other | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 151,567 | 147,104 |
Popular U.S. | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 10,483,969 | 10,554,048 |
Popular U.S. | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 57,613 | 100,598 |
Popular U.S. | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 23,619 | 13,507 |
Popular U.S. | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 55,744 | 29,002 |
Non-accrual loans | 55,533 | 28,893 |
Accruing loans past-due 90 days or more | 211 | 109 |
Popular U.S. | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 136,976 | 143,107 |
Popular U.S. | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 10,346,993 | 10,410,941 |
Popular U.S. | Construction | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 846,579 | 789,423 |
Popular U.S. | Construction | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 8,825 | 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 | 8,825 | 0 |
Popular U.S. | Construction | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 837,754 | 789,423 |
Popular U.S. | Mortgages | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,300,111 | 1,304,093 |
Popular U.S. | Mortgages | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 25,558 | 48,818 |
Popular U.S. | Mortgages | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 533 | 7,821 |
Popular U.S. | Mortgages | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 28,071 | 11,191 |
Non-accrual loans | 28,071 | 11,191 |
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 | 54,162 | 67,830 |
Popular U.S. | Mortgages | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,245,949 | 1,236,263 |
Popular U.S. | Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,080,984 | 2,123,678 |
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 | 3,434 | 9,141 |
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 | 2,001 |
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 | 8,700 | 0 |
Non-accrual loans | 8,700 | 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 | 12,134 | 11,142 |
Popular U.S. | Commercial | Commercial multi-family | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,068,850 | 2,112,536 |
Popular U.S. | Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,060,574 | 2,082,167 |
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 | 740 | 566 |
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 | 1,364 | 1,036 |
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 | 2,407 | 1,117 |
Non-accrual loans | 2,407 | 1,117 |
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 | 4,511 | 2,719 |
Popular U.S. | Commercial | CRE non-owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,056,063 | 2,079,448 |
Popular U.S. | Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,691,752 | 1,682,252 |
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 | 6,107 | 30,560 |
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 | 19,009 | 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 | 3,877 | 6,274 |
Non-accrual loans | 3,877 | 6,274 |
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 | 28,993 | 36,834 |
Popular U.S. | Commercial | CRE owner occupied | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,662,759 | 1,645,418 |
Popular U.S. | Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,280,360 | 2,329,895 |
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 | 9,961 | 7,815 |
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 | 628 | 697 |
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 | 6,634 | 3,881 |
Non-accrual loans | 6,423 | 3,772 |
Accruing loans past-due 90 days or more | 211 | 109 |
Popular U.S. | Commercial | Commercial and Industrial | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 17,223 | 12,393 |
Popular U.S. | Commercial | Commercial and Industrial | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,263,137 | 2,317,502 |
Popular U.S. | Consumer | Credit card | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 17 | 19 |
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 | 19 |
Popular U.S. | Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 64,148 | 63,305 |
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 | 846 | 1,472 |
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 | 390 | 4 |
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 | 3,986 | 3,733 |
Non-accrual loans | 3,986 | 3,733 |
Accruing loans past-due 90 days or more | 0 | 0 |
Popular U.S. | Consumer | Home equity lines of credit | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,222 | 5,209 |
Popular U.S. | Consumer | Home equity lines of credit | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 58,926 | 58,096 |
Popular U.S. | Consumer | Personal loans | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 150,517 | 168,937 |
Popular U.S. | Consumer | Personal loans | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,142 | 2,222 |
Popular U.S. | Consumer | Personal loans | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1,695 | 1,948 |
Popular U.S. | Consumer | Personal loans | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 2,068 | 2,805 |
Non-accrual loans | 2,068 | 2,805 |
Accruing loans past-due 90 days or more | 0 | 0 |
Popular U.S. | Consumer | Personal loans | Past due | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 5,905 | 6,975 |
Popular U.S. | Consumer | Personal loans | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 144,612 | 161,962 |
Popular U.S. | Consumer | Other | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 8,927 | 10,279 |
Popular U.S. | Consumer | Other | Past Due 30 To 59 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 4 |
Popular U.S. | Consumer | Other | Past Due 60 To 89 Days | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 0 | 0 |
Popular U.S. | Consumer | Other | Past due 90 days or more | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | 1 | 1 |
Non-accrual loans | 1 | 1 |
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 | 1 | 5 |
Popular U.S. | Consumer | Other | Current | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Loans held in portfolio | $ 8,926 | $ 10,274 |
Loans - Loans HIP in past due s
Loans - Loans HIP in past due status, non-performing status and accruing loans past-due 90 days or more by loan class (Parenthetical) (Detail) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Unearned Income | $ 367,423 | $ 355,908 |
Loans held-for-sale, at fair value | 5,352 | 4,301 |
Notes Receivable Gross | 35,118,738 | 35,064,971 |
Non-accrual with no allowance | 143,027 | 125,958 |
Federal Home Loan Bank | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Line Of Credit Facility Current Borrowing Capacity | 3,800,000 | 3,500,000 |
FRB Advances | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Line Of Credit Facility Current Borrowing Capacity | 4,600,000 | 4,400,000 |
Current | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 33,846,890 | 33,716,900 |
Reverse Mortgages | Current | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 37,000 | 38,000 |
Residential mortgage loans insured By FHA | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Non-accrual with no allowance | 93,000 | 106,000 |
Asset pledged as collateral | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 14,000,000 | 14,200,000 |
Asset pledged as collateral | Federal Home Loan Bank | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 7,000,000 | 7,000,000 |
Asset pledged as collateral | FRB Advances | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | $ 7,000,000 | $ 7,200,000 |
Loans - Amortized cost basis an
Loans - Amortized cost basis and interest income recognized on non-accrual loans (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | $ 143,027 | $ 125,958 |
Non-accrual with allowance | 211,100 | 231,653 |
Construction | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | |
Non-accrual with allowance | 6,378 | |
Mortgages | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 83,033 | 84,797 |
Non-accrual with allowance | 111,511 | 101,500 |
Commercial | Commercial multi-family | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 8,700 | 0 |
Non-accrual with allowance | 106 | 1,991 |
Commercial | CRE non-owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 4,979 | 3,695 |
Non-accrual with allowance | 5,350 | 6,167 |
Commercial | CRE owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 21,418 | 24,309 |
Non-accrual with allowance | 8,583 | 11,395 |
Commercial | Commercial and Industrial | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 18,914 | 6,991 |
Non-accrual with allowance | 16,680 | 29,607 |
Leasing | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 453 | 481 |
Non-accrual with allowance | 6,814 | 8,151 |
Consumer | Home equity lines of credit | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 3,986 | 3,733 |
Consumer | Personal loans | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 3,458 | 3,589 |
Non-accrual with allowance | 17,702 | 18,247 |
Consumer | Auto Loan | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 1,809 | 1,833 |
Non-accrual with allowance | 39,998 | 43,782 |
Consumer | Other | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 263 | 263 |
Non-accrual with allowance | 370 | 702 |
Puerto Rico | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 128,916 | 121,961 |
Non-accrual with allowance | 169,678 | 206,757 |
Puerto Rico | Construction | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | |
Non-accrual with allowance | 6,378 | |
Puerto Rico | Mortgages | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 82,843 | 84,677 |
Non-accrual with allowance | 83,630 | 90,429 |
Puerto Rico | Commercial | Commercial multi-family | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 106 | 1,991 |
Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 3,635 | 3,695 |
Non-accrual with allowance | 4,287 | 5,050 |
Puerto Rico | Commercial | CRE owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 17,541 | 20,432 |
Non-accrual with allowance | 8,583 | 8,998 |
Puerto Rico | Commercial | Commercial and Industrial | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 18,914 | 6,991 |
Non-accrual with allowance | 10,257 | 25,835 |
Puerto Rico | Leasing | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 453 | 481 |
Non-accrual with allowance | 6,814 | 8,151 |
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 | 3,458 | 3,589 |
Non-accrual with allowance | 15,634 | 15,442 |
Puerto Rico | Consumer | Auto Loan | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 1,809 | 1,833 |
Non-accrual with allowance | 39,998 | 43,782 |
Puerto Rico | Consumer | Other | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 263 | 263 |
Non-accrual with allowance | 369 | 701 |
Popular U.S. | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 14,111 | 3,997 |
Non-accrual with allowance | 41,422 | 24,896 |
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 | 190 | 120 |
Non-accrual with allowance | 27,881 | 11,071 |
Popular U.S. | Commercial | Commercial multi-family | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 8,700 | 0 |
Non-accrual with allowance | 0 | 0 |
Popular U.S. | Commercial | CRE non-owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 1,344 | 0 |
Non-accrual with allowance | 1,063 | 1,117 |
Popular U.S. | Commercial | CRE owner occupied | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 3,877 | 3,877 |
Non-accrual with allowance | 0 | 2,397 |
Popular U.S. | Commercial | Commercial and Industrial | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 6,423 | 3,772 |
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 | 3,986 | 3,733 |
Popular U.S. | Consumer | Personal loans | ||
Financing receivable nonaccrual status [Line Items] | ||
Non-accrual with no allowance | 0 | 0 |
Non-accrual with allowance | 2,068 | 2,805 |
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 | $ 1 | $ 1 |
Loans - Amortized cost basis of
Loans - Amortized cost basis of collateral dependent loans by class (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | $ 35,118,738 | $ 35,064,971 |
Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 327,865 | 341,279 |
Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 284,163 | 295,844 |
Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 15,167 | 14,338 |
Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 70 | 105 |
Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,172 | |
Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 26,293 | 30,992 |
Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,009,303 | 959,280 |
Construction | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 12,368 | |
Construction | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 12,368 | |
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 | 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 | 7,783,662 | 7,695,917 |
Mortgages | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 81,527 | 86,416 |
Mortgages | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 81,527 | 86,416 |
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 | |
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 | 2,384,635 | 2,415,620 |
Commercial | Commercial multi-family | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 10,025 | 1,339 |
Commercial | Commercial multi-family | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 10,025 | 1,339 |
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 | |
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 | 5,057,059 | 5,087,421 |
Commercial | CRE non-owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 161,056 | 160,555 |
Commercial | CRE non-owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 161,056 | 160,555 |
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 | |
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 | 3,117,844 | 3,080,635 |
Commercial | CRE owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 26,717 | 29,725 |
Commercial | CRE owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 26,717 | 29,725 |
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 | |
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 | 7,025,483 | 7,126,121 |
Commercial | Commercial and Industrial | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 29,362 | 31,895 |
Commercial | Commercial and Industrial | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,130 | 1,103 |
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 | 70 | 105 |
Commercial | Commercial and Industrial | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,172 | |
Commercial | Commercial and Industrial | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 25,990 | 30,687 |
Consumer | Personal loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,897,010 | 1,945,247 |
Consumer | Personal loans | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 3,708 | 4,338 |
Consumer | Personal loans | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 3,708 | 4,338 |
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 | |
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 | 3,706,854 | 3,660,780 |
Consumer | Auto Loan | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 13,910 | 12,965 |
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 | 13,910 | 12,965 |
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 | |
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 | 162,605 | 160,441 |
Consumer | Other | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 303 | 305 |
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 | |
Consumer | Other | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 303 | 305 |
Leasing | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,765,413 | 1,731,809 |
Leasing | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,257 | 1,373 |
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 | 1,257 | 1,373 |
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 | |
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 | 24,634,769 | 24,510,923 |
Puerto Rico | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 310,537 | 329,604 |
Puerto Rico | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 269,202 | 284,674 |
Puerto Rico | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 15,167 | 14,338 |
Puerto Rico | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | 0 |
Puerto Rico | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,172 | |
Puerto Rico | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 23,996 | 30,592 |
Puerto Rico | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 162,724 | 169,857 |
Puerto Rico | Construction | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 6,378 | |
Puerto Rico | Construction | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 6,378 | |
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 | 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 | 6,483,551 | 6,391,824 |
Puerto Rico | Mortgages | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 80,487 | 85,113 |
Puerto Rico | Mortgages | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 80,487 | 85,113 |
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 | |
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 | 303,651 | 291,942 |
Puerto Rico | Commercial | Commercial multi-family | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,325 | 1,339 |
Puerto Rico | Commercial | Commercial multi-family | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,325 | 1,339 |
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 | |
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 | 2,996,485 | 3,005,254 |
Puerto Rico | Commercial | CRE non-owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 159,712 | 160,555 |
Puerto Rico | Commercial | CRE non-owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 159,712 | 160,555 |
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 | |
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 | 1,426,092 | 1,398,383 |
Puerto Rico | Commercial | CRE owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 22,840 | 25,848 |
Puerto Rico | Commercial | CRE owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 22,840 | 25,848 |
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 | |
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 | 4,745,123 | 4,796,226 |
Puerto Rico | Commercial | Commercial and Industrial | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 26,995 | 31,390 |
Puerto Rico | Commercial | Commercial and Industrial | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,130 | 1,103 |
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 | 0 | 0 |
Puerto Rico | Commercial | Commercial and Industrial | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,172 | |
Puerto Rico | Commercial | Commercial and Industrial | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 23,693 | 30,287 |
Puerto Rico | Consumer | Personal loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,746,493 | 1,776,310 |
Puerto Rico | Consumer | Personal loans | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 3,708 | 4,338 |
Puerto Rico | Consumer | Personal loans | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 3,708 | 4,338 |
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 | |
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 | 3,706,854 | 3,660,780 |
Puerto Rico | Consumer | Auto Loan | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 13,910 | 12,965 |
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 | 13,910 | 12,965 |
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 | |
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 | 153,678 | 150,162 |
Puerto Rico | Consumer | Other | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 303 | 305 |
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 | |
Puerto Rico | Consumer | Other | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 303 | 305 |
Puerto Rico | Leasing | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,765,413 | 1,731,809 |
Puerto Rico | Leasing | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,257 | 1,373 |
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 | 1,257 | 1,373 |
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 | |
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 | 10,483,969 | 10,554,048 |
Popular U.S. | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 17,328 | 11,675 |
Popular U.S. | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 14,961 | 11,170 |
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 | 70 | 105 |
Popular U.S. | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,297 | 400 |
Popular U.S. | Construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 846,579 | 789,423 |
Popular U.S. | Construction | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,990 | |
Popular U.S. | Construction | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 5,990 | |
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 | 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 | 1,300,111 | 1,304,093 |
Popular U.S. | Mortgages | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,040 | 1,303 |
Popular U.S. | Mortgages | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,040 | 1,303 |
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 | |
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 | 2,080,984 | 2,123,678 |
Popular U.S. | Commercial | Commercial multi-family | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 8,700 | |
Popular U.S. | Commercial | Commercial multi-family | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 8,700 | |
Popular U.S. | Commercial | Commercial multi-family | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Commercial | Commercial multi-family | Equipment | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Commercial | Commercial multi-family | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Commercial | Commercial multi-family | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Commercial | CRE non-owner occupied | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,060,574 | 2,082,167 |
Popular U.S. | Commercial | CRE non-owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,344 | |
Popular U.S. | Commercial | CRE non-owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 1,344 | |
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 | 1,691,752 | 1,682,252 |
Popular U.S. | Commercial | CRE owner occupied | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 3,877 | 3,877 |
Popular U.S. | Commercial | CRE owner occupied | Real Estate | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 3,877 | 3,877 |
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 | |
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 | 2,280,360 | 2,329,895 |
Popular U.S. | Commercial | Commercial and Industrial | Collateral assets | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,367 | 505 |
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 | 70 | 105 |
Popular U.S. | Commercial | Commercial and Industrial | Accounts receivable | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 0 | |
Popular U.S. | Commercial | Commercial and Industrial | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 2,297 | 400 |
Popular U.S. | Consumer | Personal loans | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | 150,517 | 168,937 |
Popular U.S. | Consumer | Other | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Notes Receivable Gross | $ 8,927 | $ 10,279 |
Loans - Purchased Credit Deteri
Loans - Purchased Credit Deteriorated Loans (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Purchased Financial Assets With Credit Deterioration [Abstract] | ||
Purchase price of loans at acquisition | $ 426 | $ 255 |
Allowance for credit losses at acquisition | 17 | 68 |
Non-credit discount/(premium) at acquisition | 0 | 9 |
Par value of acquired loans at acquisition | $ 443 | $ 332 |
Loans - Additional Information
Loans - Additional Information (Detail) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest income recognized | $ 3,000 | $ 4,000 | |
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds | 2,250 | 11,244 | |
Loans held in portfolio, net of unearned income | 35,118,738 | $ 35,064,971 | |
Non-accrual with no allowance | 143,027 | 125,958 | |
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 | 2,205 | 10,966 | |
Collateral Pledged | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 327,865 | 341,279 | |
Non-accrual with no allowance | 143,000 | 126,000 | |
Past due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 1,271,848 | 1,348,071 | |
Past due 90 days or more | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accruing loans past-due 90 days or more | 247,542 | 268,471 | |
Loans held in portfolio, net of unearned income | 601,669 | 626,082 | |
Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 33,846,890 | 33,716,900 | |
GNMA | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Repurchased loans | 10,000 | 18,000 | |
GNMA | Trading account debt securities | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Transfers Of Financial Assets Accounted For As Sale Initial Fair Value Of Assets Obtained As Proceeds | 1,100 | 1,067 | |
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 | 1,105 | 9,899 | |
Consumer loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Purchase of Loans | 27,000 | ||
Residential Mortgage | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Mortgage Loans Sold | 11,000 | 10,000 | |
Commercial Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Purchase of Loans | 56,000 | 45,000 | |
Commercial and construction loan | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans Sold | 12,000 | 2,000 | |
Mortgages | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Purchase of Loans | 86,000 | $ 76,000 | |
Loans held in portfolio, net of unearned income | 7,783,662 | 7,695,917 | |
Non-accrual with no allowance | 83,033 | 84,797 | |
Mortgages | Collateral Pledged | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 81,527 | 86,416 | |
Mortgages | Past due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 800,456 | 859,537 | |
Mortgages | Past due 90 days or more | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accruing loans past-due 90 days or more | 218,589 | 241,422 | |
Loans held in portfolio, net of unearned income | 413,133 | 427,719 | |
Mortgages | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 6,983,206 | 6,836,380 | |
Mortgages | US Government Agency Insured Loans | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 2,300,000 | 2,200,000 | |
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 | 218,700 | 241,600 | |
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 | 10,000 | 11,000 | |
Reverse Mortgages | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 37,000 | 38,000 | |
Residential mortgage loans insured By FHA | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual with no allowance | 93,000 | 106,000 | |
Puerto Rico | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 24,634,769 | 24,510,923 | |
Non-accrual with no allowance | 128,916 | 121,961 | |
Puerto Rico | Collateral Pledged | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 310,537 | 329,604 | |
Puerto Rico | Past due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 1,134,872 | 1,204,964 | |
Puerto Rico | Past due 90 days or more | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Accruing loans past-due 90 days or more | 247,331 | 268,362 | |
Loans held in portfolio, net of unearned income | 545,925 | 597,080 | |
Puerto Rico | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 23,499,897 | 23,305,959 | |
Puerto Rico | Mortgages | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 6,483,551 | 6,391,824 | |
Non-accrual with no allowance | 82,843 | 84,677 | |
Puerto Rico | Mortgages | Collateral Pledged | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 80,487 | 85,113 | |
Puerto Rico | Mortgages | Past due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 746,294 | 791,707 | |
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 | 218,589 | 241,422 | |
Loans held in portfolio, net of unearned income | 385,062 | 416,528 | |
Puerto Rico | Mortgages | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 5,737,257 | 5,600,117 | |
Puerto Rico | Reverse Mortgages | Current | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Loans held in portfolio, net of unearned income | 37,000 | 38,000 | |
Puerto Rico | Residential mortgage loans insured By FHA | Past due | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Non-accrual with no allowance | $ 93,000 | $ 106,000 |
Allowance for credit losses - A
Allowance for credit losses - Allowance Movement (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | $ 729,341 | $ 720,302 |
Provision for credit losses (benefit) | 72,386 | 47,146 |
Allowance for credit losses - PCD Loans | 17 | 68 |
Charge-offs | (83,597) | (54,153) |
Recoveries | 21,397 | 21,340 |
Ending balance | 739,544 | 689,120 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 17,006 | 8,805 |
Provision for credit losses (benefit) | (239) | 610 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 16,767 | 9,415 |
ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (45,583) | |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 0 | |
Construction | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 12,686 | 4,246 |
Provision for credit losses (benefit) | (1,547) | 84 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Ending balance | 11,139 | 4,330 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 10,064 | 3,206 |
Provision for credit losses (benefit) | (786) | 18 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 9,278 | 3,224 |
Construction | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 0 | |
Mortgages | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 83,214 | 135,254 |
Provision for credit losses (benefit) | (1,244) | 841 |
Allowance for credit losses - PCD Loans | 17 | 68 |
Charge-offs | (765) | (846) |
Recoveries | 5,216 | 4,814 |
Ending balance | 86,438 | 104,477 |
Mortgages | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (35,654) | |
Commercial | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 258,413 | 235,376 |
Provision for credit losses (benefit) | 11,969 | 6,769 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (10,459) | (2,109) |
Recoveries | 2,669 | 5,656 |
Ending balance | 262,592 | 243,979 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 6,913 | 5,511 |
Provision for credit losses (benefit) | 571 | 618 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 7,484 | 6,129 |
Commercial | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (1,713) | |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 0 | |
Commercial | Commercial multi-family | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 13,740 | 26,311 |
Provision for credit losses (benefit) | (558) | (947) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (441) | 0 |
Recoveries | 2 | 2 |
Ending balance | 12,743 | 25,366 |
Commercial | Commercial multi-family | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Commercial | CRE non-owner occupied | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 65,453 | 71,540 |
Provision for credit losses (benefit) | (218) | (1,677) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 389 | 1,987 |
Ending balance | 65,624 | 71,850 |
Commercial | CRE non-owner occupied | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Commercial | CRE owner occupied | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 56,864 | 57,081 |
Provision for credit losses (benefit) | 9,166 | (2,954) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (2,785) | (3) |
Recoveries | 562 | 1,534 |
Ending balance | 63,807 | 54,497 |
Commercial | CRE owner occupied | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (1,161) | |
Commercial | Commercial and industrial | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 122,356 | 80,444 |
Provision for credit losses (benefit) | 3,579 | 12,347 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (7,233) | (2,106) |
Recoveries | 1,716 | 2,133 |
Ending balance | 120,418 | 92,266 |
Commercial | Commercial and industrial | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (552) | |
Leasing | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 9,708 | 20,618 |
Provision for credit losses (benefit) | 2,968 | 734 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (4,850) | (1,417) |
Recoveries | 1,165 | 1,090 |
Ending balance | 8,991 | 20,990 |
Leasing | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (35) | |
Consumer | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 365,320 | 324,808 |
Provision for credit losses (benefit) | 60,240 | 38,718 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (67,523) | (49,781) |
Recoveries | 12,347 | 9,780 |
Ending balance | 370,384 | 315,344 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 29 | 88 |
Provision for credit losses (benefit) | (24) | (26) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 5 | 62 |
Consumer | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (8,181) | |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 0 | |
Consumer | Credit card | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 80,487 | 58,670 |
Provision for credit losses (benefit) | 21,640 | 15,571 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (16,396) | (8,677) |
Recoveries | 2,438 | 2,389 |
Ending balance | 88,169 | 67,953 |
Consumer | Credit card | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Consumer | HELOC | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 1,978 | 2,542 |
Provision for credit losses (benefit) | (150) | (751) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (204) | (176) |
Recoveries | 248 | 338 |
Ending balance | 1,872 | 1,953 |
Consumer | HELOC | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Consumer | Personal loans | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 117,790 | 118,426 |
Provision for credit losses (benefit) | 25,254 | 15,295 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (30,061) | (17,750) |
Recoveries | 3,094 | 1,918 |
Ending balance | 116,077 | 109,729 |
Consumer | Personal loans | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (8,160) | |
Consumer | Auto Loan | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 157,931 | 129,735 |
Provision for credit losses (benefit) | 13,371 | 8,319 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (20,167) | (12,118) |
Recoveries | 6,321 | 4,914 |
Ending balance | 157,456 | 130,829 |
Consumer | Auto Loan | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (21) | |
Consumer | Other | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 7,134 | 15,435 |
Provision for credit losses (benefit) | 125 | 284 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (695) | (11,060) |
Recoveries | 246 | 221 |
Ending balance | 6,810 | 4,880 |
Consumer | Other | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Puerto Rico | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 639,858 | 615,545 |
Provision for credit losses (benefit) | 61,008 | 45,203 |
Allowance for credit losses - PCD Loans | 17 | 68 |
Charge-offs | (76,842) | (49,287) |
Recoveries | 20,281 | 17,823 |
Ending balance | 644,322 | 587,007 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 6,680 | 6,358 |
Provision for credit losses (benefit) | (297) | 488 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 6,383 | 6,846 |
Puerto Rico | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (42,345) | |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 0 | |
Puerto Rico | Construction | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 5,294 | 2,978 |
Provision for credit losses (benefit) | (2,180) | 94 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Ending balance | 3,114 | 3,072 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 1,618 | 2,022 |
Provision for credit losses (benefit) | (177) | (76) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 1,441 | 1,946 |
Puerto Rico | Construction | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 0 | |
Puerto Rico | Mortgages | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 72,440 | 117,344 |
Provision for credit losses (benefit) | (319) | 1,267 |
Allowance for credit losses - PCD Loans | 17 | 68 |
Charge-offs | (765) | (846) |
Recoveries | 5,191 | 4,800 |
Ending balance | 76,564 | 89,077 |
Puerto Rico | Mortgages | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (33,556) | |
Puerto Rico | Commercial | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 205,582 | 174,295 |
Provision for credit losses (benefit) | 5,062 | 7,919 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (9,454) | (1,610) |
Recoveries | 2,424 | 2,810 |
Ending balance | 203,614 | 181,701 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 5,062 | 4,336 |
Provision for credit losses (benefit) | (120) | 564 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 4,942 | 4,900 |
Puerto Rico | Commercial | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (1,713) | |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 0 | |
Puerto Rico | Commercial | Commercial multi-family | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 3,614 | 5,210 |
Provision for credit losses (benefit) | (48) | (454) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 1 | 0 |
Ending balance | 3,567 | 4,756 |
Puerto Rico | Commercial | Commercial multi-family | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 53,754 | 52,475 |
Provision for credit losses (benefit) | (413) | 1,284 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | 0 | 0 |
Recoveries | 325 | 135 |
Ending balance | 53,666 | 53,894 |
Puerto Rico | Commercial | CRE non-owner occupied | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Puerto Rico | Commercial | CRE owner occupied | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 40,637 | 48,393 |
Provision for credit losses (benefit) | 5,147 | (2,730) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (2,785) | (3) |
Recoveries | 538 | 1,510 |
Ending balance | 43,537 | 46,009 |
Puerto Rico | Commercial | CRE owner occupied | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (1,161) | |
Puerto Rico | Commercial | Commercial and industrial | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 107,577 | 68,217 |
Provision for credit losses (benefit) | 376 | 9,819 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (6,669) | (1,607) |
Recoveries | 1,560 | 1,165 |
Ending balance | 102,844 | 77,042 |
Puerto Rico | Commercial | Commercial and industrial | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (552) | |
Puerto Rico | Leasing | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 9,708 | 20,618 |
Provision for credit losses (benefit) | 2,968 | 734 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (4,850) | (1,417) |
Recoveries | 1,165 | 1,090 |
Ending balance | 8,991 | 20,990 |
Puerto Rico | Leasing | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (35) | |
Puerto Rico | Consumer | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 346,834 | 300,310 |
Provision for credit losses (benefit) | 55,477 | 35,189 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (61,773) | (45,414) |
Recoveries | 11,501 | 9,123 |
Ending balance | 352,039 | 292,167 |
Puerto Rico | Consumer | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (7,041) | |
Puerto Rico | Consumer | Credit card | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 80,487 | 58,670 |
Provision for credit losses (benefit) | 21,640 | 15,570 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (16,396) | (8,676) |
Recoveries | 2,438 | 2,389 |
Ending balance | 88,169 | 67,953 |
Puerto Rico | Consumer | Credit card | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Puerto Rico | Consumer | HELOC | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 103 | 103 |
Provision for credit losses (benefit) | 103 | (39) |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (197) | (33) |
Recoveries | 93 | 69 |
Ending balance | 102 | 100 |
Puerto Rico | Consumer | HELOC | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Puerto Rico | Consumer | Personal loans | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 101,181 | 96,369 |
Provision for credit losses (benefit) | 20,263 | 11,104 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (24,349) | (13,580) |
Recoveries | 2,409 | 1,535 |
Ending balance | 99,504 | 88,408 |
Puerto Rico | Consumer | Personal loans | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (7,020) | |
Puerto Rico | Consumer | Auto Loan | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 157,931 | 129,735 |
Provision for credit losses (benefit) | 13,371 | 8,319 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (20,167) | (12,118) |
Recoveries | 6,321 | 4,914 |
Ending balance | 157,456 | 130,829 |
Puerto Rico | Consumer | Auto Loan | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (21) | |
Puerto Rico | Consumer | Other | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 7,132 | 15,433 |
Provision for credit losses (benefit) | 100 | 235 |
Allowance for credit losses - PCD Loans | 0 | 0 |
Charge-offs | (664) | (11,007) |
Recoveries | 240 | 216 |
Ending balance | 6,808 | 4,877 |
Puerto Rico | Consumer | Other | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Popular U.S. | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 89,483 | 104,757 |
Provision for credit losses (benefit) | 11,378 | 1,943 |
Charge-offs | (6,755) | (4,866) |
Recoveries | 1,116 | 3,517 |
Ending balance | 95,222 | 102,113 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 10,326 | 2,447 |
Provision for credit losses (benefit) | 58 | 122 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 10,384 | 2,569 |
Popular U.S. | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (3,238) | |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 0 | |
Popular U.S. | Construction | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 7,392 | 1,268 |
Provision for credit losses (benefit) | 633 | (10) |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Ending balance | 8,025 | 1,258 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 8,446 | 1,184 |
Provision for credit losses (benefit) | (609) | 94 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 7,837 | 1,278 |
Popular U.S. | Construction | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 0 | |
Popular U.S. | Mortgages | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 10,774 | 17,910 |
Provision for credit losses (benefit) | (925) | (426) |
Charge-offs | 0 | 0 |
Recoveries | 25 | 14 |
Ending balance | 9,874 | 15,400 |
Popular U.S. | Mortgages | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (2,098) | |
Popular U.S. | Commercial | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 52,831 | 61,081 |
Provision for credit losses (benefit) | 6,907 | (1,150) |
Charge-offs | (1,005) | (499) |
Recoveries | 245 | 2,846 |
Ending balance | 58,978 | 62,278 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 1,851 | 1,175 |
Provision for credit losses (benefit) | 691 | 54 |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 2,542 | 1,229 |
Popular U.S. | Commercial | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 0 | |
Popular U.S. | Commercial | Commercial multi-family | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 10,126 | 21,101 |
Provision for credit losses (benefit) | (510) | (493) |
Charge-offs | (441) | 0 |
Recoveries | 1 | 2 |
Ending balance | 9,176 | 20,610 |
Popular U.S. | Commercial | Commercial multi-family | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Popular U.S. | Commercial | CRE non-owner occupied | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 11,699 | 19,065 |
Provision for credit losses (benefit) | 195 | (2,961) |
Charge-offs | 0 | 0 |
Recoveries | 64 | 1,852 |
Ending balance | 11,958 | 17,956 |
Popular U.S. | Commercial | CRE non-owner occupied | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Popular U.S. | Commercial | CRE owner occupied | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 16,227 | 8,688 |
Provision for credit losses (benefit) | 4,019 | (224) |
Charge-offs | 0 | 0 |
Recoveries | 24 | 24 |
Ending balance | 20,270 | 8,488 |
Popular U.S. | Commercial | CRE owner occupied | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Popular U.S. | Commercial | Commercial and industrial | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 14,779 | 12,227 |
Provision for credit losses (benefit) | 3,203 | 2,528 |
Charge-offs | (564) | (499) |
Recoveries | 156 | 968 |
Ending balance | 17,574 | 15,224 |
Popular U.S. | Commercial | Commercial and industrial | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Popular U.S. | Consumer | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 18,486 | 24,498 |
Provision for credit losses (benefit) | 4,763 | 3,529 |
Charge-offs | (5,750) | (4,367) |
Recoveries | 846 | 657 |
Ending balance | 18,345 | 23,177 |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 29 | 88 |
Provision for credit losses (benefit) | (24) | (26) |
Charge-offs | 0 | 0 |
Recoveries | 0 | 0 |
Balance at end of period | 5 | 62 |
Popular U.S. | Consumer | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (1,140) | |
Allowance for credit losses - unfunded commitments: | ||
Balance at beginning of period | 0 | |
Popular U.S. | Consumer | Credit card | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Provision for credit losses (benefit) | 1 | |
Charge-offs | (1) | |
Recoveries | 0 | |
Ending balance | 0 | |
Popular U.S. | Consumer | Credit card | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Popular U.S. | Consumer | HELOC | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 1,875 | 2,439 |
Provision for credit losses (benefit) | (253) | (712) |
Charge-offs | (7) | (143) |
Recoveries | 155 | 269 |
Ending balance | 1,770 | 1,853 |
Popular U.S. | Consumer | HELOC | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 0 | |
Popular U.S. | Consumer | Personal loans | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 16,609 | 22,057 |
Provision for credit losses (benefit) | 4,991 | 4,191 |
Charge-offs | (5,712) | (4,170) |
Recoveries | 685 | 383 |
Ending balance | 16,573 | 21,321 |
Popular U.S. | Consumer | Personal loans | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | (1,140) | |
Popular U.S. | Consumer | Other | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | 2 | 2 |
Provision for credit losses (benefit) | 25 | 49 |
Charge-offs | (31) | (53) |
Recoveries | 6 | 5 |
Ending balance | $ 2 | 3 |
Popular U.S. | Consumer | Other | ASU 2022-02 | ||
Financing Receivable, Allowance for Credit Losses [Line Items] | ||
Beginning balance | $ 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 | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Interest Rate Reduction | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 759 | $ 899 |
% of total class of Financing Receivables | 0% | 0% |
Interest Rate Reduction | Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 227 | |
% of total class of Financing Receivables | 0% | |
Interest Rate Reduction | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 387 | |
% of total class of Financing Receivables | 0.01% | |
Interest Rate Reduction | Consumer | Credit card | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 129 | $ 497 |
% of total class of Financing Receivables | 0.01% | 0.05% |
Interest Rate Reduction | Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 243 | $ 172 |
% of total class of Financing Receivables | 0.01% | 0.01% |
Interest Rate Reduction | Consumer | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 3 | |
% of total class of Financing Receivables | 0% | |
Interest Rate Reduction | Puerto Rico | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 759 | $ 899 |
% of total class of Financing Receivables | 0% | 0% |
Interest Rate Reduction | Puerto Rico | Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 227 | |
% of total class of Financing Receivables | 0% | |
Interest Rate Reduction | Puerto Rico | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 387 | |
% of total class of Financing Receivables | 0.01% | |
Interest Rate Reduction | Puerto Rico | Consumer | Credit card | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 129 | $ 497 |
% of total class of Financing Receivables | 0.01% | 0.05% |
Interest Rate Reduction | Puerto Rico | Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 243 | $ 172 |
% of total class of Financing Receivables | 0.01% | 0.01% |
Interest Rate Reduction | Puerto Rico | Consumer | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 3 | |
% of total class of Financing Receivables | 0% | |
Interest Rate Reduction | Popular U.S. | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | $ 0 |
% of total class of Financing Receivables | 0% | 0% |
Interest Rate Reduction | Popular U.S. | Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Interest Rate Reduction | Popular U.S. | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Interest Rate Reduction | Popular U.S. | Consumer | Credit card | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | $ 0 |
% of total class of Financing Receivables | 0% | 0% |
Interest Rate Reduction | Popular U.S. | Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | $ 0 |
% of total class of Financing Receivables | 0% | 0% |
Interest Rate Reduction | Popular U.S. | Consumer | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Term extension | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 68,761 | $ 25,431 |
% of total class of Financing Receivables | 0.20% | 0.08% |
Term extension | Construction | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 3,518 | |
% of total class of Financing Receivables | 0.50% | |
Term extension | Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 12,979 | $ 16,374 |
% of total class of Financing Receivables | 0.17% | 0.22% |
Term extension | Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 36,718 | |
% of total class of Financing Receivables | 0.73% | |
Term extension | Commercial | CRE owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 16,366 | $ 1,754 |
% of total class of Financing Receivables | 0.52% | 0.06% |
Term extension | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 2,494 | $ 3,705 |
% of total class of Financing Receivables | 0.04% | 0.06% |
Term extension | Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 204 | $ 80 |
% of total class of Financing Receivables | 0.01% | 0% |
Term extension | Puerto Rico | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 68,756 | $ 20,006 |
% of total class of Financing Receivables | 0.28% | 0.09% |
Term extension | Puerto Rico | Construction | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Term extension | Puerto Rico | Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 12,979 | $ 14,521 |
% of total class of Financing Receivables | 0.20% | 0.24% |
Term extension | Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 36,718 | |
% of total class of Financing Receivables | 1.23% | |
Term extension | Puerto Rico | Commercial | CRE owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 16,366 | $ 1,754 |
% of total class of Financing Receivables | 1.15% | 0.12% |
Term extension | Puerto Rico | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 2,494 | $ 3,705 |
% of total class of Financing Receivables | 0.05% | 0.09% |
Term extension | Puerto Rico | Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 199 | $ 26 |
% of total class of Financing Receivables | 0.01% | 0% |
Term extension | Popular U.S. | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 5 | $ 5,425 |
% of total class of Financing Receivables | 0% | 0.06% |
Term extension | Popular U.S. | Construction | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 3,518 | |
% of total class of Financing Receivables | 0.65% | |
Term extension | Popular U.S. | Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | $ 1,853 |
% of total class of Financing Receivables | 0% | 0.14% |
Term extension | Popular U.S. | Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Term extension | Popular U.S. | Commercial | CRE owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | $ 0 |
% of total class of Financing Receivables | 0% | 0% |
Term extension | Popular U.S. | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | $ 0 |
% of total class of Financing Receivables | 0% | 0% |
Term extension | Popular U.S. | Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 5 | $ 54 |
% of total class of Financing Receivables | 0% | 0.02% |
Other-Than-Insignificant Payment Delays | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 16,232 | $ 30,959 |
% of total class of Financing Receivables | 0.05% | 0.10% |
Other-Than-Insignificant Payment Delays | Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 1,751 | |
% 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 | $ 10,312 | $ 26,900 |
% of total class of Financing Receivables | 0.33% | 0.89% |
Other-Than-Insignificant Payment Delays | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 5,920 | $ 2,275 |
% of total class of Financing Receivables | 0.08% | 0.04% |
Other-Than-Insignificant Payment Delays | Consumer | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 33 | |
% of total class of Financing Receivables | 0.02% | |
Other-Than-Insignificant Payment Delays | Puerto Rico | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 16,232 | $ 16,351 |
% of total class of Financing Receivables | 0.07% | 0.07% |
Other-Than-Insignificant Payment Delays | Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 1,751 | |
% of total class of Financing Receivables | 0.06% | |
Other-Than-Insignificant Payment Delays | Puerto Rico | Commercial | CRE owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 10,312 | $ 13,156 |
% of total class of Financing Receivables | 0.72% | 0.88% |
Other-Than-Insignificant Payment Delays | Puerto Rico | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 5,920 | $ 1,411 |
% of total class of Financing Receivables | 0.12% | 0.04% |
Other-Than-Insignificant Payment Delays | Puerto Rico | Consumer | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 33 | |
% of total class of Financing Receivables | 0.03% | |
Other-Than-Insignificant Payment Delays | Popular U.S. | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | $ 14,608 |
% of total class of Financing Receivables | 0% | 0.15% |
Other-Than-Insignificant Payment Delays | Popular U.S. | Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Other-Than-Insignificant Payment Delays | Popular U.S. | Commercial | CRE owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | $ 13,744 |
% of total class of Financing Receivables | 0% | 0.90% |
Other-Than-Insignificant Payment Delays | Popular U.S. | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | $ 864 |
% of total class of Financing Receivables | 0% | 4% |
Other-Than-Insignificant Payment Delays | Popular U.S. | Consumer | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Combination - Term Extension and Interest Rate Reduction | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 5,653 | $ 11,353 |
% of total class of Financing Receivables | 0.02% | 0.04% |
Combination - Term Extension and Interest Rate Reduction | Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 3,460 | $ 10,801 |
% of total class of Financing Receivables | 0.04% | 0.15% |
Combination - Term Extension and Interest Rate Reduction | Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 891 | |
% of total class of Financing Receivables | 0.02% | |
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% | |
Combination - Term Extension and Interest Rate Reduction | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 101 | |
% of total class of Financing Receivables | 0% | |
Combination - Term Extension and Interest Rate Reduction | Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 1,201 | $ 422 |
% of total class of Financing Receivables | 0.06% | 0.02% |
Combination - Term Extension and Interest Rate Reduction | Consumer | Auto Loan | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 29 | |
% of total class of Financing Receivables | 0% | |
Combination - Term Extension and Interest Rate Reduction | Puerto Rico | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 5,470 | $ 11,025 |
% of total class of Financing Receivables | 0.02% | 0.05% |
Combination - Term Extension and Interest Rate Reduction | Puerto Rico | Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 3,422 | $ 10,473 |
% of total class of Financing Receivables | 0.05% | 0.17% |
Combination - Term Extension and Interest Rate Reduction | Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 891 | |
% of total class of Financing Receivables | 0.03% | |
Combination - Term Extension and Interest Rate Reduction | Puerto Rico | 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 | Puerto Rico | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 101 | |
% of total class of Financing Receivables | 0% | |
Combination - Term Extension and Interest Rate Reduction | Puerto Rico | Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 1,056 | $ 422 |
% of total class of Financing Receivables | 0.06% | 0.03% |
Combination - Term Extension and Interest Rate Reduction | Puerto Rico | Consumer | Auto Loan | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 29 | |
% of total class of Financing Receivables | 0% | |
Combination - Term Extension and Interest Rate Reduction | Popular U.S. | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 183 | $ 328 |
% of total class of Financing Receivables | 0% | 0% |
Combination - Term Extension and Interest Rate Reduction | Popular U.S. | Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 38 | $ 328 |
% of total class of Financing Receivables | 0% | 0.03% |
Combination - Term Extension and Interest Rate Reduction | Popular U.S. | Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Combination - Term Extension and Interest Rate Reduction | Popular U.S. | Commercial | CRE owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Combination - Term Extension and Interest Rate Reduction | Popular U.S. | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Combination - Term Extension and Interest Rate Reduction | Popular U.S. | Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 145 | $ 0 |
% of total class of Financing Receivables | 0.10% | 0% |
Combination - Term Extension and Interest Rate Reduction | Popular U.S. | Consumer | Auto Loan | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 331 | |
% of total class of Financing Receivables | 0% | |
Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 16 | |
% of total class of Financing Receivables | 0% | |
Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Consumer | Credit card | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 315 | |
% of total class of Financing Receivables | 0.03% | |
Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Puerto Rico | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 331 | |
% of total class of Financing Receivables | 0% | |
Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Puerto Rico | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 16 | |
% of total class of Financing Receivables | 0% | |
Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Puerto Rico | Consumer | Credit card | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 315 | |
% of total class of Financing Receivables | 0.03% | |
Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Popular U.S. | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Popular U.S. | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% | |
Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction | Popular U.S. | Consumer | Credit card | ||
Financing Receivable, Modifications [Line Items] | ||
Amortized Cost Basis | $ 0 | |
% of total class of Financing Receivables | 0% |
Allowance for credit losses - F
Allowance for credit losses - Financial effect of the modifications made to borrowers experiencing financial difficultie (Details) | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Interest Rate Reduction | Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average contractual interest rate before modification | 5.88% | 5.69% |
Weighted average contractual interest rate after modification | 4.50% | 4.17% |
Interest Rate Reduction | Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average contractual interest rate before modification | 10.13% | |
Weighted average contractual interest rate after modification | 8.25% | |
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 | 5.25% | |
Interest Rate Reduction | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average contractual interest rate before modification | 25.53% | |
Weighted average contractual interest rate after modification | 9.83% | |
Interest Rate Reduction | Consumer | Credit card | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average contractual interest rate before modification | 21.05% | 17.76% |
Weighted average contractual interest rate after modification | 6.23% | 4.47% |
Interest Rate Reduction | Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average contractual interest rate before modification | 18.06% | 16.97% |
Weighted average contractual interest rate after modification | 9.68% | 9.11% |
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 | 17.99% | |
Weighted average contractual interest rate after modification | 0% | |
Term extension | Construction | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average term increase | 6 months | |
Term extension | Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average term increase | 12 years | 10 years |
Term extension | Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average term increase | 1 year | |
Term extension | Commercial | CRE owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average term increase | 6 months | 2 years |
Term extension | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average term increase | 9 months | 5 months |
Term extension | Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average term increase | 11 years | 6 years |
Term extension | Consumer | Auto Loan | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average term increase | 2 years | |
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 | 12 months | 7 months |
Other-Than-Insignificant Payment Delays | Commercial | Commercial and industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average term increase | 8 months | 9 months |
Other-Than-Insignificant Payment Delays | Consumer | Credit card | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average term increase | 23 months | |
Other-Than-Insignificant Payment Delays | Consumer | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Weighted average term increase | 11 months |
Allowance for credit losses - P
Allowance for credit losses - Performance of loans modified (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Mar. 31, 2023 |
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | $ 458,288 | $ 68,642 |
Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 61,495 | 11,437 |
Past Due 30 To 59 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 7,754 | 1,229 |
Past Due 60 To 89 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 7,368 | 226 |
Past due 90 days or more | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 46,373 | 9,982 |
With payment default | 7,046 | 333 |
Without payment default | 39,327 | 9,649 |
Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 396,793 | 57,205 |
Construction | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3,518 | |
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 | |
With payment default | 0 | |
Without payment default | 0 | |
Construction | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3,518 | |
Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 86,027 | 27,402 |
Mortgages | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 33,399 | 9,004 |
Mortgages | Past Due 30 To 59 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 5,970 | 1,202 |
Mortgages | Past Due 60 To 89 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3,954 | 180 |
Mortgages | Past due 90 days or more | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 23,475 | 7,622 |
With payment default | 3,525 | 0 |
Without payment default | 19,950 | 7,622 |
Mortgages | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 52,628 | 18,398 |
Commercial | Commercial multi-family | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 65 | |
Commercial | Commercial multi-family | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 65 | |
Commercial | Commercial multi-family | Past Due 30 To 59 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 0 | |
Commercial | Commercial multi-family | Past Due 60 To 89 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 0 | |
Commercial | Commercial multi-family | Past due 90 days or more | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 65 | |
With payment default | 0 | |
Without payment default | 65 | |
Commercial | Commercial multi-family | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 0 | |
Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 66,866 | 1,751 |
Commercial | CRE non-owner occupied | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 6,375 | 0 |
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 | 179 | 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 | 3,278 | 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 | 2,918 | 0 |
With payment default | 0 | 0 |
Without payment default | 2,918 | 0 |
Commercial | CRE non-owner occupied | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 60,491 | 1,751 |
Commercial | CRE owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 249,657 | 28,755 |
Commercial | CRE owner occupied | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 2,780 | 1,803 |
Commercial | CRE owner occupied | Past Due 30 To 59 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 811 | 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 | 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 | 1,969 | 1,803 |
With payment default | 537 | 209 |
Without payment default | 1,432 | 1,594 |
Commercial | CRE owner occupied | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 246,877 | 26,952 |
Commercial | Commercial and Industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 49,629 | 5,980 |
Commercial | Commercial and Industrial | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 17,118 | 142 |
Commercial | Commercial and Industrial | Past Due 30 To 59 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 626 | 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 | 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 | 16,492 | 142 |
With payment default | 2,774 | 28 |
Without payment default | 13,718 | 114 |
Commercial | Commercial and Industrial | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 32,511 | 5,838 |
Consumer | Credit card | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 1,397 | 497 |
Consumer | Credit card | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 380 | 163 |
Consumer | Credit card | Past Due 30 To 59 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 126 | 21 |
Consumer | Credit card | Past Due 60 To 89 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 31 | 46 |
Consumer | Credit card | Past due 90 days or more | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 223 | 96 |
With payment default | 159 | 96 |
Without payment default | 64 | 0 |
Consumer | Credit card | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 1,017 | 334 |
Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 4,560 | 674 |
Consumer | Personal loans | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 1,365 | 292 |
Consumer | Personal loans | Past Due 30 To 59 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 42 | 6 |
Consumer | Personal loans | Past Due 60 To 89 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 105 | 0 |
Consumer | Personal loans | Past due 90 days or more | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 1,218 | 286 |
With payment default | 51 | 0 |
Without payment default | 1,167 | 286 |
Consumer | Personal loans | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3,195 | 382 |
Consumer | Auto Loan | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 84 | 29 |
Consumer | Auto Loan | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 13 | 0 |
Consumer | Auto Loan | Past Due 30 To 59 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 0 | 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 | 0 |
Consumer | Auto Loan | Past due 90 days or more | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 13 | 0 |
With payment default | 0 | 0 |
Without payment default | 13 | 0 |
Consumer | Auto Loan | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 71 | 29 |
Consumer | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3 | 36 |
Consumer | Other | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 0 | 33 |
Consumer | Other | Past Due 30 To 59 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 0 | 0 |
Consumer | Other | Past Due 60 To 89 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 0 | 0 |
Consumer | Other | Past due 90 days or more | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 0 | 33 |
With payment default | 0 | 0 |
Without payment default | 0 | 33 |
Consumer | Other | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3 | 3 |
Puerto Rico | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 396,727 | 48,281 |
Puerto Rico | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 61,011 | 11,279 |
Puerto Rico | Past Due 30 To 59 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 7,754 | 1,229 |
Puerto Rico | Past Due 60 To 89 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 7,368 | 226 |
Puerto Rico | Past due 90 days or more | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 45,889 | 9,824 |
With payment default | 7,046 | 333 |
Without payment default | 38,843 | 9,491 |
Puerto Rico | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 335,716 | 37,002 |
Puerto Rico | Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 82,300 | 25,221 |
Puerto Rico | Mortgages | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 33,075 | 8,900 |
Puerto Rico | Mortgages | Past Due 30 To 59 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 5,970 | 1,202 |
Puerto Rico | Mortgages | Past Due 60 To 89 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3,954 | 180 |
Puerto Rico | Mortgages | Past due 90 days or more | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 23,151 | 7,518 |
With payment default | 3,525 | 0 |
Without payment default | 19,626 | 7,518 |
Puerto Rico | Mortgages | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 49,225 | 16,321 |
Puerto Rico | Commercial | Commercial multi-family | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 65 | |
Puerto Rico | Commercial | Commercial multi-family | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 65 | |
Puerto Rico | Commercial | Commercial multi-family | 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 multi-family | 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 multi-family | Past due 90 days or more | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 65 | |
With payment default | 0 | |
Without payment default | 65 | |
Puerto Rico | Commercial | Commercial multi-family | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 0 | |
Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 66,866 | 1,751 |
Puerto Rico | Commercial | CRE non-owner occupied | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 6,375 | 0 |
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 | 179 | 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 | 3,278 | 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 | 2,918 | 0 |
With payment default | 0 | 0 |
Without payment default | 2,918 | 0 |
Puerto Rico | Commercial | CRE non-owner occupied | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 60,491 | 1,751 |
Puerto Rico | Commercial | CRE owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 192,107 | 15,011 |
Puerto Rico | Commercial | CRE owner occupied | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 2,780 | 1,803 |
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 | 811 | 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 | 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 | 1,969 | 1,803 |
With payment default | 537 | 209 |
Without payment default | 1,432 | 1,594 |
Puerto Rico | Commercial | CRE owner occupied | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 189,327 | 13,208 |
Puerto Rico | Commercial | Commercial and Industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 49,629 | 5,116 |
Puerto Rico | Commercial | Commercial and Industrial | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 17,118 | 142 |
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 | 626 | 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 | 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 | 16,492 | 142 |
With payment default | 2,774 | 28 |
Without payment default | 13,718 | 114 |
Puerto Rico | Commercial | Commercial and Industrial | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 32,511 | 4,974 |
Puerto Rico | Consumer | Credit card | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 1,397 | 497 |
Puerto Rico | Consumer | Credit card | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 380 | 163 |
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 | 126 | 21 |
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 | 31 | 46 |
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 | 223 | 96 |
With payment default | 159 | 96 |
Without payment default | 64 | 0 |
Puerto Rico | Consumer | Credit card | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 1,017 | 334 |
Puerto Rico | Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 4,276 | 620 |
Puerto Rico | Consumer | Personal loans | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 1,205 | 238 |
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 | 42 | 6 |
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 | 105 | 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 | 1,058 | 232 |
With payment default | 51 | 0 |
Without payment default | 1,007 | 232 |
Puerto Rico | Consumer | Personal loans | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3,071 | 382 |
Puerto Rico | Consumer | Auto Loan | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 84 | 29 |
Puerto Rico | Consumer | Auto Loan | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 13 | 0 |
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 | 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 | 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 | 13 | 0 |
With payment default | 0 | 0 |
Without payment default | 13 | 0 |
Puerto Rico | Consumer | Auto Loan | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 71 | 29 |
Puerto Rico | Consumer | Other | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3 | 36 |
Puerto Rico | Consumer | Other | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 0 | 33 |
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 | 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 | 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 | 33 |
With payment default | 0 | 0 |
Without payment default | 0 | 33 |
Puerto Rico | Consumer | Other | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3 | 3 |
Popular U.S. | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 61,561 | 20,361 |
Popular U.S. | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 484 | 158 |
Popular U.S. | Past Due 30 To 59 Days | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 0 | 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 | 0 |
Popular U.S. | Past due 90 days or more | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 484 | 158 |
With payment default | 0 | 0 |
Without payment default | 484 | 158 |
Popular U.S. | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 61,077 | 20,203 |
Popular U.S. | Construction | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3,518 | |
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 | |
With payment default | 0 | |
Without payment default | 0 | |
Popular U.S. | Construction | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3,518 | |
Popular U.S. | Mortgages | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3,727 | 2,181 |
Popular U.S. | Mortgages | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 324 | 104 |
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 | 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 | 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 | 324 | 104 |
With payment default | 0 | 0 |
Without payment default | 324 | 104 |
Popular U.S. | Mortgages | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 3,403 | 2,077 |
Popular U.S. | Commercial | CRE owner occupied | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 57,550 | 13,744 |
Popular U.S. | Commercial | CRE owner occupied | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 0 | 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 | 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 | 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 | 0 |
With payment default | 0 | 0 |
Without payment default | 0 | 0 |
Popular U.S. | Commercial | CRE owner occupied | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 57,550 | 13,744 |
Popular U.S. | Commercial | Commercial and Industrial | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 864 | |
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 | |
With payment default | 0 | |
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 | 864 | |
Popular U.S. | Consumer | Personal loans | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 284 | 54 |
Popular U.S. | Consumer | Personal loans | Past due | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | 160 | 54 |
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 | 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 | 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 | 160 | 54 |
With payment default | 0 | 0 |
Without payment default | 160 | 54 |
Popular U.S. | Consumer | Personal loans | Current | ||
Financing Receivable, Modifications [Line Items] | ||
Loan performance in the last 12 months after modification | $ 124 | $ 0 |
Allowance for credit losses - C
Allowance for credit losses - Credit quality indicators (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2024 | Dec. 31, 2023 | |
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | $ 1,360,462 | $ 6,660,882 |
2023 / 2022 | 6,407,474 | 6,731,050 |
2022 / 2021 | 6,518,849 | 4,885,045 |
2021 / 2020 | 4,707,439 | 2,966,922 |
2020 / 2019 | 2,844,030 | 1,816,720 |
Prior Years | 9,947,333 | 8,572,537 |
Revolving Loans Amortized Cost Basis | 3,296,641 | 3,394,737 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 36,510 | 37,078 |
Total | 35,118,738 | 35,064,971 |
Construction | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 17,234 | 308,970 |
2023 / 2022 | 380,233 | 335,032 |
2022 / 2021 | 317,717 | 150,147 |
2021 / 2020 | 137,732 | 29,386 |
2020 / 2019 | 10,696 | 49,094 |
Prior Years | 48,638 | 38,424 |
Revolving Loans Amortized Cost Basis | 97,053 | 48,227 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,009,303 | 959,280 |
2024 / 2023 Gross writeoff | 0 | |
2023 / 2022 Gross writeoff | 2,611 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 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 | 2,611 | |
Construction | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 17,234 | 306,850 |
2023 / 2022 | 378,065 | 276,089 |
2022 / 2021 | 255,374 | 116,814 |
2021 / 2020 | 101,858 | 25,491 |
2020 / 2019 | 10,696 | 27,198 |
Prior Years | 40,520 | 1,049 |
Revolving Loans Amortized Cost Basis | 53,703 | 38,720 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 857,450 | 792,211 |
Construction | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 39,413 |
2022 / 2021 | 48,877 | 18,327 |
2021 / 2020 | 26,011 | 0 |
2020 / 2019 | 0 | 21,896 |
Prior Years | 8,118 | 782 |
Revolving Loans Amortized Cost Basis | 8,917 | 9,506 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 91,923 | 89,924 |
Construction | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 2,120 |
2023 / 2022 | 2,168 | 13,151 |
2022 / 2021 | 13,466 | 1,009 |
2021 / 2020 | 1,038 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 0 | 1 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 16,672 | 16,281 |
Construction | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 6,379 |
2022 / 2021 | 0 | 13,997 |
2021 / 2020 | 8,825 | 3,895 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 36,593 |
Revolving Loans Amortized Cost Basis | 34,433 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 43,258 | 60,864 |
Mortgages | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 216,159 | 850,924 |
2023 / 2022 | 854,181 | 669,489 |
2022 / 2021 | 657,891 | 710,226 |
2021 / 2020 | 700,151 | 494,208 |
2020 / 2019 | 487,344 | 346,391 |
Prior Years | 4,867,936 | 4,624,679 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 7,783,662 | 7,695,917 |
2024 / 2023 Gross writeoff | 0 | 0 |
2023 / 2022 Gross writeoff | 0 | 0 |
2022 / 2021 Gross writeoff | 0 | 0 |
2021 / 2020 Gross writeoff | 0 | 0 |
2020 / 2019 Gross writeoff | 0 | 0 |
Prior Years Gross writeoff | 765 | 1,638 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 0 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 765 | 1,638 |
Mortgages | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 216,159 | 850,828 |
2023 / 2022 | 853,000 | 669,093 |
2022 / 2021 | 657,337 | 710,064 |
2021 / 2020 | 699,772 | 493,217 |
2020 / 2019 | 486,349 | 341,683 |
Prior Years | 4,770,538 | 4,544,578 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 7,683,155 | 7,609,463 |
Mortgages | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 96 |
2023 / 2022 | 1,181 | 396 |
2022 / 2021 | 554 | 162 |
2021 / 2020 | 379 | 991 |
2020 / 2019 | 995 | 4,708 |
Prior Years | 97,398 | 80,101 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 100,507 | 86,454 |
Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 41,619 | 204,386 |
2023 / 2022 | 203,645 | 673,141 |
2022 / 2021 | 676,837 | 387,562 |
2021 / 2020 | 383,132 | 257,782 |
2020 / 2019 | 253,682 | 314,934 |
Prior Years | 820,386 | 572,397 |
Revolving Loans Amortized Cost Basis | 5,334 | 5,418 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,384,635 | 2,415,620 |
2024 / 2023 Gross writeoff | 0 | |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
Prior Years Gross writeoff | 441 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 441 | |
Commercial | Commercial multi-family | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 41,619 | 204,386 |
2023 / 2022 | 203,645 | 555,788 |
2022 / 2021 | 574,325 | 347,381 |
2021 / 2020 | 362,360 | 185,374 |
2020 / 2019 | 186,379 | 215,082 |
Prior Years | 620,558 | 435,084 |
Revolving Loans Amortized Cost Basis | 5,334 | 5,418 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,994,220 | 1,948,513 |
Commercial | Commercial multi-family | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 116,794 |
2022 / 2021 | 101,958 | 39,319 |
2021 / 2020 | 19,914 | 71,237 |
2020 / 2019 | 67,303 | 94,307 |
Prior Years | 155,487 | 103,544 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 344,662 | 425,201 |
Commercial | Commercial multi-family | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 559 |
2022 / 2021 | 554 | 862 |
2021 / 2020 | 858 | 1,171 |
2020 / 2019 | 0 | 0 |
Prior Years | 6,935 | 8,157 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 8,347 | 10,749 |
Commercial | Commercial multi-family | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 5,545 |
Prior Years | 37,406 | 25,612 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 37,406 | 31,157 |
Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 30,741 | 747,950 |
2023 / 2022 | 750,672 | 1,408,830 |
2022 / 2021 | 1,376,229 | 799,687 |
2021 / 2020 | 795,607 | 637,279 |
2020 / 2019 | 631,852 | 246,304 |
Prior Years | 1,452,158 | 1,225,617 |
Revolving Loans Amortized Cost Basis | 19,800 | 21,754 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 5,057,059 | 5,087,421 |
2024 / 2023 Gross writeoff | 0 | |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 609 | |
2020 / 2019 Gross writeoff | 0 | |
Prior Years Gross writeoff | 714 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 1,323 | |
Commercial | CRE non-owner occupied | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 30,741 | 701,955 |
2023 / 2022 | 704,960 | 1,361,507 |
2022 / 2021 | 1,347,632 | 730,859 |
2021 / 2020 | 727,202 | 561,078 |
2020 / 2019 | 570,760 | 127,857 |
Prior Years | 1,097,608 | 958,249 |
Revolving Loans Amortized Cost Basis | 15,150 | 13,128 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 4,494,053 | 4,454,633 |
Commercial | CRE non-owner occupied | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 1,959 |
2023 / 2022 | 2,590 | 40,603 |
2022 / 2021 | 17,750 | 43,918 |
2021 / 2020 | 38,404 | 65,916 |
2020 / 2019 | 50,933 | 45,846 |
Prior Years | 134,171 | 118,937 |
Revolving Loans Amortized Cost Basis | 0 | 4,557 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 243,848 | 321,736 |
Commercial | CRE non-owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 43,020 |
2023 / 2022 | 42,111 | 5,413 |
2022 / 2021 | 6,879 | 24,730 |
2021 / 2020 | 27,032 | 0 |
2020 / 2019 | 0 | 17,170 |
Prior Years | 137,698 | 131,733 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 213,720 | 222,066 |
Commercial | CRE non-owner occupied | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 1,016 |
2023 / 2022 | 1,011 | 1,307 |
2022 / 2021 | 3,968 | 180 |
2021 / 2020 | 2,969 | 10,285 |
2020 / 2019 | 10,159 | 55,431 |
Prior Years | 82,681 | 16,698 |
Revolving Loans Amortized Cost Basis | 4,650 | 4,069 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 105,438 | 88,986 |
Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 93,760 | 399,699 |
2023 / 2022 | 401,698 | 582,246 |
2022 / 2021 | 584,047 | 653,829 |
2021 / 2020 | 646,937 | 317,007 |
2020 / 2019 | 312,370 | 119,910 |
Prior Years | 1,047,006 | 973,523 |
Revolving Loans Amortized Cost Basis | 32,026 | 34,421 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,117,844 | 3,080,635 |
2024 / 2023 Gross writeoff | 0 | 0 |
2023 / 2022 Gross writeoff | 0 | 4 |
2022 / 2021 Gross writeoff | 0 | 0 |
2021 / 2020 Gross writeoff | 0 | 0 |
2020 / 2019 Gross writeoff | 0 | 1 |
Prior Years Gross writeoff | 2,785 | 5,827 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 0 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 2,785 | 5,832 |
Commercial | CRE owner occupied | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 93,350 | 395,436 |
2023 / 2022 | 397,553 | 434,199 |
2022 / 2021 | 400,045 | 453,535 |
2021 / 2020 | 450,907 | 109,543 |
2020 / 2019 | 107,607 | 71,267 |
Prior Years | 620,503 | 562,317 |
Revolving Loans Amortized Cost Basis | 13,034 | 18,899 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,082,999 | 2,045,196 |
Commercial | CRE owner occupied | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 249 | 2,947 |
2023 / 2022 | 1,965 | 115,000 |
2022 / 2021 | 83,245 | 94,131 |
2021 / 2020 | 36,735 | 57,351 |
2020 / 2019 | 55,837 | 19,074 |
Prior Years | 163,989 | 160,719 |
Revolving Loans Amortized Cost Basis | 4,975 | 2,905 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 346,995 | 452,127 |
Commercial | CRE owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 942 | 16,860 |
2022 / 2021 | 56,316 | 98,653 |
2021 / 2020 | 151,920 | 6,417 |
2020 / 2019 | 6,023 | 6,961 |
Prior Years | 52,508 | 55,293 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 267,709 | 184,184 |
Commercial | CRE owner occupied | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 161 | 1,316 |
2023 / 2022 | 1,238 | 16,187 |
2022 / 2021 | 44,441 | 7,510 |
2021 / 2020 | 7,375 | 143,696 |
2020 / 2019 | 142,903 | 22,608 |
Prior Years | 209,897 | 195,058 |
Revolving Loans Amortized Cost Basis | 14,017 | 12,617 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 420,032 | 398,992 |
Commercial | CRE owner occupied | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 109 | 136 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 109 | 136 |
Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 189,921 | 1,343,872 |
2023 / 2022 | 1,269,032 | 1,051,992 |
2022 / 2021 | 1,070,179 | 921,843 |
2021 / 2020 | 895,243 | 585,770 |
2020 / 2019 | 568,704 | 315,904 |
Prior Years | 1,146,248 | 872,448 |
Revolving Loans Amortized Cost Basis | 1,886,156 | 2,034,292 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 7,025,483 | 7,126,121 |
2024 / 2023 Gross writeoff | 124 | 1,143 |
2023 / 2022 Gross writeoff | 0 | 405 |
2022 / 2021 Gross writeoff | 248 | 2,209 |
2021 / 2020 Gross writeoff | 272 | 379 |
2020 / 2019 Gross writeoff | 29 | 1,875 |
Prior Years Gross writeoff | 5,175 | 1,086 |
Revolving Loans Amortized Cost Basis - Writeoff | 1,385 | 4,517 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 7,233 | 11,614 |
Commercial | Commercial and Industrial | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 184,129 | 1,306,857 |
2023 / 2022 | 1,194,121 | 912,639 |
2022 / 2021 | 928,905 | 858,340 |
2021 / 2020 | 677,241 | 510,287 |
2020 / 2019 | 485,684 | 271,960 |
Prior Years | 880,121 | 638,507 |
Revolving Loans Amortized Cost Basis | 1,513,695 | 1,758,768 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 5,863,896 | 6,257,358 |
Commercial | Commercial and Industrial | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 4,037 | 29,039 |
2023 / 2022 | 67,135 | 132,807 |
2022 / 2021 | 95,771 | 53,410 |
2021 / 2020 | 208,138 | 48,982 |
2020 / 2019 | 61,337 | 39,053 |
Prior Years | 189,855 | 158,659 |
Revolving Loans Amortized Cost Basis | 236,497 | 215,253 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 862,770 | 677,203 |
Commercial | Commercial and Industrial | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 423 | 6,609 |
2023 / 2022 | 5,668 | 4,158 |
2022 / 2021 | 42,894 | 1,297 |
2021 / 2020 | 1,162 | 3,230 |
2020 / 2019 | 2,888 | 2,239 |
Prior Years | 42,270 | 41,328 |
Revolving Loans Amortized Cost Basis | 88,586 | 18,084 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 183,891 | 76,945 |
Commercial | Commercial and Industrial | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 1,332 | 1,367 |
2023 / 2022 | 2,108 | 2,388 |
2022 / 2021 | 2,609 | 8,796 |
2021 / 2020 | 8,702 | 23,217 |
2020 / 2019 | 18,741 | 2,652 |
Prior Years | 33,970 | 33,928 |
Revolving Loans Amortized Cost Basis | 46,921 | 42,187 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 114,383 | 114,535 |
Commercial | Commercial and Industrial | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 54 |
2020 / 2019 | 54 | 0 |
Prior Years | 32 | 26 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 86 | 80 |
Commercial | Commercial and Industrial | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | |
2023 / 2022 | 0 | |
2022 / 2021 | 0 | |
2021 / 2020 | 0 | |
2020 / 2019 | 0 | |
Prior Years | 0 | |
Revolving Loans Amortized Cost Basis | 457 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 457 | |
Leasing | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 210,843 | 648,465 |
2023 / 2022 | 571,166 | 491,022 |
2022 / 2021 | 458,698 | 316,186 |
2021 / 2020 | 290,024 | 164,095 |
2020 / 2019 | 148,732 | 89,801 |
Prior Years | 85,950 | 22,240 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,765,413 | 1,731,809 |
2024 / 2023 Gross writeoff | 42 | 1,065 |
2023 / 2022 Gross writeoff | 1,071 | 4,424 |
2022 / 2021 Gross writeoff | 1,966 | 2,878 |
2021 / 2020 Gross writeoff | 1,082 | 849 |
2020 / 2019 Gross writeoff | 238 | 976 |
Prior Years Gross writeoff | 451 | 687 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 0 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 4,850 | 10,879 |
Leasing | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 210,843 | 647,659 |
2023 / 2022 | 570,183 | 488,506 |
2022 / 2021 | 456,718 | 313,133 |
2021 / 2020 | 287,444 | 163,189 |
2020 / 2019 | 148,154 | 88,983 |
Prior Years | 84,804 | 21,706 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,758,146 | 1,723,176 |
Leasing | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 806 |
2023 / 2022 | 902 | 2,516 |
2022 / 2021 | 1,980 | 3,053 |
2021 / 2020 | 2,580 | 906 |
2020 / 2019 | 578 | 818 |
Prior Years | 1,129 | 517 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 7,169 | 8,616 |
Leasing | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 81 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 17 | 17 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 98 | 17 |
Consumer | Credit card | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 1,142,153 | 1,135,747 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,142,153 | 1,135,747 |
2024 / 2023 Gross writeoff | 0 | 0 |
2023 / 2022 Gross writeoff | 0 | 0 |
2022 / 2021 Gross writeoff | 0 | 0 |
2021 / 2020 Gross writeoff | 0 | 0 |
2020 / 2019 Gross writeoff | 0 | 0 |
Prior Years Gross writeoff | 0 | 0 |
Revolving Loans Amortized Cost Basis - Writeoff | 16,396 | 41,008 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 16,396 | 41,008 |
Consumer | Credit card | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 1,118,295 | 1,112,466 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,118,295 | 1,112,466 |
Consumer | Credit card | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 23,837 | 23,259 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 23,837 | 23,259 |
Consumer | Credit card | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 21 | 22 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 21 | 22 |
Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 8,793 | 9,342 |
Revolving Loans Amortized Cost Basis | 43,524 | 42,573 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 14,400 | 14,038 |
Total | 66,717 | 65,953 |
2024 / 2023 Gross writeoff | 0 | 0 |
2023 / 2022 Gross writeoff | 0 | 0 |
2022 / 2021 Gross writeoff | 0 | 0 |
2021 / 2020 Gross writeoff | 0 | 0 |
2020 / 2019 Gross writeoff | 0 | 0 |
Prior Years Gross writeoff | 7 | 471 |
Revolving Loans Amortized Cost Basis - Writeoff | 197 | 213 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 204 | 684 |
Consumer | Home equity lines of credit | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 6,878 | 7,394 |
Revolving Loans Amortized Cost Basis | 43,517 | 42,547 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 12,329 | 12,253 |
Total | 62,724 | 62,194 |
Consumer | Home equity lines of credit | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 1,816 | 1,849 |
Revolving Loans Amortized Cost Basis | 7 | 26 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,280 | 966 |
Total | 3,103 | 2,841 |
Consumer | Home equity lines of credit | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 99 | 99 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 791 | 819 |
Total | 890 | 918 |
Consumer | Personal loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 208,763 | 902,598 |
2023 / 2022 | 785,946 | 581,145 |
2022 / 2021 | 501,181 | 207,086 |
2021 / 2020 | 179,479 | 60,763 |
2020 / 2019 | 51,341 | 63,518 |
Prior Years | 148,190 | 107,097 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 22,110 | 23,040 |
Total | 1,897,010 | 1,945,247 |
2024 / 2023 Gross writeoff | 0 | 5,193 |
2023 / 2022 Gross writeoff | 7,355 | 49,051 |
2022 / 2021 Gross writeoff | 15,189 | 22,526 |
2021 / 2020 Gross writeoff | 4,168 | 4,828 |
2020 / 2019 Gross writeoff | 942 | 5,763 |
Prior Years Gross writeoff | 1,934 | 3,112 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 0 |
Revolving Loans Converted to Term Loans - Writeoff | 473 | 1,475 |
Total - Writeoff | 30,061 | 91,948 |
Consumer | Personal loans | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 208,763 | 900,450 |
2023 / 2022 | 782,576 | 574,530 |
2022 / 2021 | 495,982 | 204,808 |
2021 / 2020 | 177,727 | 60,220 |
2020 / 2019 | 50,829 | 62,446 |
Prior Years | 138,371 | 98,397 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 21,077 | 22,034 |
Total | 1,875,325 | 1,922,885 |
Consumer | Personal loans | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 2,148 |
2023 / 2022 | 3,370 | 6,615 |
2022 / 2021 | 5,199 | 2,264 |
2021 / 2020 | 1,752 | 543 |
2020 / 2019 | 512 | 1,059 |
Prior Years | 9,818 | 8,533 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,033 | 1,006 |
Total | 21,684 | 22,168 |
Consumer | Personal loans | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 14 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 13 |
Prior Years | 1 | 167 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1 | 194 |
Consumer | Auto Loan | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 343,102 | 1,217,611 |
2023 / 2022 | 1,155,319 | 913,890 |
2022 / 2021 | 853,105 | 723,400 |
2021 / 2020 | 665,347 | 414,941 |
2020 / 2019 | 374,013 | 267,415 |
Prior Years | 315,968 | 123,523 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,706,854 | 3,660,780 |
2024 / 2023 Gross writeoff | 114 | 10,170 |
2023 / 2022 Gross writeoff | 9,028 | 23,849 |
2022 / 2021 Gross writeoff | 5,738 | 11,820 |
2021 / 2020 Gross writeoff | 3,008 | 5,914 |
2020 / 2019 Gross writeoff | 1,521 | 3,553 |
Prior Years Gross writeoff | 758 | 0 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 0 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 20,167 | 55,306 |
Consumer | Auto Loan | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 342,983 | 1,210,622 |
2023 / 2022 | 1,145,262 | 899,797 |
2022 / 2021 | 840,316 | 711,439 |
2021 / 2020 | 654,624 | 405,768 |
2020 / 2019 | 366,598 | 260,355 |
Prior Years | 307,952 | 120,318 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,657,735 | 3,608,299 |
Consumer | Auto Loan | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 119 | 6,980 |
2023 / 2022 | 9,989 | 14,049 |
2022 / 2021 | 12,762 | 11,916 |
2021 / 2020 | 10,704 | 9,157 |
2020 / 2019 | 7,415 | 7,051 |
Prior Years | 8,008 | 3,199 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 48,997 | 52,352 |
Consumer | Auto Loan | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 9 |
2023 / 2022 | 68 | 44 |
2022 / 2021 | 27 | 45 |
2021 / 2020 | 19 | 16 |
2020 / 2019 | 0 | 9 |
Prior Years | 8 | 6 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 122 | 129 |
Consumer | Other | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 8,320 | 36,407 |
2023 / 2022 | 35,582 | 24,263 |
2022 / 2021 | 22,965 | 15,079 |
2021 / 2020 | 13,787 | 5,691 |
2020 / 2019 | 5,296 | 3,449 |
Prior Years | 6,060 | 3,247 |
Revolving Loans Amortized Cost Basis | 70,595 | 72,305 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 162,605 | 160,441 |
2024 / 2023 Gross writeoff | 0 | 47 |
2023 / 2022 Gross writeoff | 34 | 154 |
2022 / 2021 Gross writeoff | 50 | 125 |
2021 / 2020 Gross writeoff | 29 | 164 |
2020 / 2019 Gross writeoff | 93 | 88 |
Prior Years Gross writeoff | 458 | 11,876 |
Revolving Loans Amortized Cost Basis - Writeoff | 31 | 171 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 695 | 12,625 |
Consumer | Other | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 8,320 | 36,163 |
2023 / 2022 | 35,338 | 24,238 |
2022 / 2021 | 22,941 | 14,942 |
2021 / 2020 | 13,787 | 5,618 |
2020 / 2019 | 5,252 | 3,433 |
Prior Years | 5,716 | 2,753 |
Revolving Loans Amortized Cost Basis | 70,287 | 72,055 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 161,641 | 159,202 |
Consumer | Other | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 244 |
2023 / 2022 | 244 | 25 |
2022 / 2021 | 24 | 0 |
2021 / 2020 | 0 | 73 |
2020 / 2019 | 44 | 16 |
Prior Years | 81 | 131 |
Revolving Loans Amortized Cost Basis | 307 | 250 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 700 | 739 |
Consumer | Other | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 137 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 263 | 363 |
Revolving Loans Amortized Cost Basis | 1 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 264 | 500 |
Puerto Rico | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 1,225,657 | 5,173,585 |
2023 / 2022 | 4,840,659 | 4,388,532 |
2022 / 2021 | 4,190,345 | 3,095,548 |
2021 / 2020 | 2,957,513 | 1,789,039 |
2020 / 2019 | 1,702,130 | 913,802 |
Prior Years | 6,874,987 | 6,267,828 |
Revolving Loans Amortized Cost Basis | 2,821,368 | 2,859,549 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 22,110 | 23,040 |
Total | 24,634,769 | 24,510,923 |
Puerto Rico | Construction | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 26,662 |
2023 / 2022 | 29,488 | 47,386 |
2022 / 2021 | 41,805 | 33,831 |
2021 / 2020 | 32,082 | 10,758 |
2020 / 2019 | 10,696 | 1,944 |
Prior Years | 1,766 | 1,049 |
Revolving Loans Amortized Cost Basis | 46,887 | 48,227 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 162,724 | 169,857 |
2024 / 2023 Gross writeoff | 0 | |
2023 / 2022 Gross writeoff | 2,611 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 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 | 2,611 | |
Puerto Rico | Construction | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 26,662 |
2023 / 2022 | 29,488 | 24,462 |
2022 / 2021 | 24,618 | 27,364 |
2021 / 2020 | 19,243 | 10,758 |
2020 / 2019 | 10,696 | 1,944 |
Prior Years | 1,766 | 1,049 |
Revolving Loans Amortized Cost Basis | 37,970 | 38,720 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 123,781 | 130,959 |
Puerto Rico | Construction | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 16,546 |
2022 / 2021 | 17,187 | 5,458 |
2021 / 2020 | 11,801 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 8,917 | 9,506 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 37,905 | 31,510 |
Puerto Rico | Construction | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 1,009 |
2021 / 2020 | 1,038 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 0 | 1 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,038 | 1,010 |
Puerto Rico | Construction | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | |
2023 / 2022 | 6,378 | |
2022 / 2021 | 0 | |
2021 / 2020 | 0 | |
2020 / 2019 | 0 | |
Prior Years | 0 | |
Revolving Loans Amortized Cost Basis | 0 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 6,378 | |
Puerto Rico | Mortgages | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 192,679 | 751,628 |
2023 / 2022 | 760,238 | 439,534 |
2022 / 2021 | 432,646 | 421,459 |
2021 / 2020 | 416,170 | 259,757 |
2020 / 2019 | 255,700 | 167,044 |
Prior Years | 4,426,118 | 4,352,402 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 6,483,551 | 6,391,824 |
2024 / 2023 Gross writeoff | 0 | 0 |
2023 / 2022 Gross writeoff | 0 | 0 |
2022 / 2021 Gross writeoff | 0 | 0 |
2021 / 2020 Gross writeoff | 0 | 0 |
2020 / 2019 Gross writeoff | 0 | 0 |
Prior Years Gross writeoff | 765 | 1,638 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 0 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 765 | 1,638 |
Puerto Rico | Mortgages | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 192,679 | 751,532 |
2023 / 2022 | 759,057 | 439,373 |
2022 / 2021 | 432,327 | 421,297 |
2021 / 2020 | 415,791 | 259,412 |
2020 / 2019 | 255,350 | 164,438 |
Prior Years | 4,355,912 | 4,280,509 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 6,411,116 | 6,316,561 |
Puerto Rico | Mortgages | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 96 |
2023 / 2022 | 1,181 | 161 |
2022 / 2021 | 319 | 162 |
2021 / 2020 | 379 | 345 |
2020 / 2019 | 350 | 2,606 |
Prior Years | 70,206 | 71,893 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 72,435 | 75,263 |
Puerto Rico | Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 41,585 | 37,976 |
2023 / 2022 | 37,808 | 139,178 |
2022 / 2021 | 138,567 | 21,334 |
2021 / 2020 | 21,271 | 20,487 |
2020 / 2019 | 20,401 | 33,622 |
Prior Years | 44,019 | 39,039 |
Revolving Loans Amortized Cost Basis | 0 | 306 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 303,651 | 291,942 |
Puerto Rico | Commercial | Commercial multi-family | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 41,585 | 37,976 |
2023 / 2022 | 37,808 | 138,619 |
2022 / 2021 | 138,013 | 21,334 |
2021 / 2020 | 21,271 | 20,487 |
2020 / 2019 | 20,401 | 32,554 |
Prior Years | 28,387 | 24,248 |
Revolving Loans Amortized Cost Basis | 0 | 306 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 287,465 | 275,524 |
Puerto Rico | Commercial | Commercial multi-family | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 1,068 |
Prior Years | 6,112 | 5,179 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 6,112 | 6,247 |
Puerto Rico | Commercial | Commercial multi-family | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 559 |
2022 / 2021 | 554 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 4,743 | 4,780 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 5,297 | 5,339 |
Puerto Rico | Commercial | Commercial multi-family | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 4,777 | 4,832 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 4,777 | 4,832 |
Puerto Rico | Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 24,000 | 351,238 |
2023 / 2022 | 354,296 | 878,793 |
2022 / 2021 | 862,941 | 590,900 |
2021 / 2020 | 588,165 | 384,295 |
2020 / 2019 | 380,425 | 116,772 |
Prior Years | 778,112 | 672,145 |
Revolving Loans Amortized Cost Basis | 8,546 | 11,111 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,996,485 | 3,005,254 |
2024 / 2023 Gross writeoff | 0 | |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 609 | |
2020 / 2019 Gross writeoff | 0 | |
Prior Years Gross writeoff | 521 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 1,130 | |
Puerto Rico | Commercial | CRE non-owner occupied | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 24,000 | 305,243 |
2023 / 2022 | 308,584 | 871,191 |
2022 / 2021 | 854,075 | 560,785 |
2021 / 2020 | 558,216 | 359,853 |
2020 / 2019 | 356,421 | 41,262 |
Prior Years | 594,172 | 563,794 |
Revolving Loans Amortized Cost Basis | 3,896 | 7,042 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,699,364 | 2,709,170 |
Puerto Rico | Commercial | CRE non-owner occupied | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 1,959 |
2023 / 2022 | 2,590 | 882 |
2022 / 2021 | 727 | 5,205 |
2021 / 2020 | 5,144 | 22,211 |
2020 / 2019 | 21,840 | 5,938 |
Prior Years | 39,832 | 27,015 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 70,133 | 63,210 |
Puerto Rico | Commercial | CRE non-owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 43,020 |
2023 / 2022 | 42,111 | 5,413 |
2022 / 2021 | 6,879 | 24,730 |
2021 / 2020 | 24,626 | 0 |
2020 / 2019 | 0 | 15,843 |
Prior Years | 73,034 | 68,368 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 146,650 | 157,374 |
Puerto Rico | Commercial | CRE non-owner occupied | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 1,016 |
2023 / 2022 | 1,011 | 1,307 |
2022 / 2021 | 1,260 | 180 |
2021 / 2020 | 179 | 2,231 |
2020 / 2019 | 2,164 | 53,729 |
Prior Years | 71,074 | 12,968 |
Revolving Loans Amortized Cost Basis | 4,650 | 4,069 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 80,338 | 75,500 |
Puerto Rico | Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 57,109 | 96,497 |
2023 / 2022 | 98,709 | 233,495 |
2022 / 2021 | 236,115 | 262,980 |
2021 / 2020 | 259,530 | 200,481 |
2020 / 2019 | 198,479 | 30,933 |
Prior Years | 553,047 | 551,234 |
Revolving Loans Amortized Cost Basis | 23,103 | 22,763 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,426,092 | 1,398,383 |
2024 / 2023 Gross writeoff | 0 | 0 |
2023 / 2022 Gross writeoff | 0 | 4 |
2022 / 2021 Gross writeoff | 0 | 0 |
2021 / 2020 Gross writeoff | 0 | 0 |
2020 / 2019 Gross writeoff | 0 | 1 |
Prior Years Gross writeoff | 2,785 | 4,432 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 0 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 2,785 | 4,437 |
Puerto Rico | Commercial | CRE owner occupied | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 56,699 | 92,234 |
2023 / 2022 | 94,564 | 155,819 |
2022 / 2021 | 154,134 | 227,246 |
2021 / 2020 | 224,909 | 51,038 |
2020 / 2019 | 49,919 | 24,184 |
Prior Years | 369,657 | 357,429 |
Revolving Loans Amortized Cost Basis | 8,083 | 9,146 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 957,965 | 917,096 |
Puerto Rico | Commercial | CRE owner occupied | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 249 | 2,947 |
2023 / 2022 | 1,965 | 45,106 |
2022 / 2021 | 44,450 | 9,913 |
2021 / 2020 | 9,048 | 4,285 |
2020 / 2019 | 4,556 | 5,017 |
Prior Years | 61,509 | 62,217 |
Revolving Loans Amortized Cost Basis | 1,003 | 1,000 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 122,780 | 130,485 |
Puerto Rico | Commercial | CRE owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 942 | 16,860 |
2022 / 2021 | 21,683 | 20,741 |
2021 / 2020 | 20,611 | 1,462 |
2020 / 2019 | 1,101 | 887 |
Prior Years | 41,356 | 44,069 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 85,693 | 84,019 |
Puerto Rico | Commercial | CRE owner occupied | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 161 | 1,316 |
2023 / 2022 | 1,238 | 15,710 |
2022 / 2021 | 15,848 | 5,080 |
2021 / 2020 | 4,962 | 143,696 |
2020 / 2019 | 142,903 | 845 |
Prior Years | 80,416 | 87,383 |
Revolving Loans Amortized Cost Basis | 14,017 | 12,617 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 259,545 | 266,647 |
Puerto Rico | Commercial | CRE owner occupied | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 109 | 136 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 109 | 136 |
Puerto Rico | Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 147,819 | 1,145,871 |
2023 / 2022 | 1,049,391 | 735,215 |
2022 / 2021 | 721,927 | 526,943 |
2021 / 2020 | 510,726 | 270,814 |
2020 / 2019 | 259,254 | 143,028 |
Prior Years | 519,565 | 397,634 |
Revolving Loans Amortized Cost Basis | 1,536,441 | 1,576,721 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 4,745,123 | 4,796,226 |
2024 / 2023 Gross writeoff | 124 | 896 |
2023 / 2022 Gross writeoff | 0 | 184 |
2022 / 2021 Gross writeoff | 58 | 215 |
2021 / 2020 Gross writeoff | 0 | 335 |
2020 / 2019 Gross writeoff | 24 | 555 |
Prior Years Gross writeoff | 5,131 | 1,086 |
Revolving Loans Amortized Cost Basis - Writeoff | 1,332 | 4,468 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 6,669 | 7,739 |
Puerto Rico | Commercial | Commercial and Industrial | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 142,966 | 1,109,898 |
2023 / 2022 | 975,917 | 634,401 |
2022 / 2021 | 627,072 | 511,912 |
2021 / 2020 | 339,891 | 241,452 |
2020 / 2019 | 236,641 | 123,458 |
Prior Years | 368,158 | 258,872 |
Revolving Loans Amortized Cost Basis | 1,202,822 | 1,343,885 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,893,467 | 4,223,878 |
Puerto Rico | Commercial | Commercial and Industrial | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 4,012 | 28,841 |
2023 / 2022 | 66,951 | 95,785 |
2022 / 2021 | 55,844 | 6,111 |
2021 / 2020 | 162,005 | 4,043 |
2020 / 2019 | 3,730 | 15,560 |
Prior Years | 77,782 | 65,360 |
Revolving Loans Amortized Cost Basis | 216,159 | 182,756 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 586,483 | 398,456 |
Puerto Rico | Commercial | Commercial and Industrial | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 423 | 6,401 |
2023 / 2022 | 5,472 | 3,269 |
2022 / 2021 | 36,829 | 276 |
2021 / 2020 | 260 | 3,200 |
2020 / 2019 | 2,867 | 2,088 |
Prior Years | 41,837 | 41,289 |
Revolving Loans Amortized Cost Basis | 73,721 | 9,410 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 161,409 | 65,933 |
Puerto Rico | Commercial | Commercial and Industrial | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 418 | 731 |
2023 / 2022 | 1,051 | 1,760 |
2022 / 2021 | 2,182 | 8,644 |
2021 / 2020 | 8,570 | 22,065 |
2020 / 2019 | 15,962 | 1,922 |
Prior Years | 31,756 | 32,087 |
Revolving Loans Amortized Cost Basis | 43,282 | 40,670 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 103,221 | 107,879 |
Puerto Rico | Commercial | Commercial and Industrial | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 54 |
2020 / 2019 | 54 | 0 |
Prior Years | 32 | 26 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 86 | 80 |
Puerto Rico | Commercial | Commercial and Industrial | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | |
2023 / 2022 | 0 | |
2022 / 2021 | 0 | |
2021 / 2020 | 0 | |
2020 / 2019 | 0 | |
Prior Years | 0 | |
Revolving Loans Amortized Cost Basis | 457 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 457 | |
Puerto Rico | Leasing | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 210,843 | 648,465 |
2023 / 2022 | 571,166 | 491,022 |
2022 / 2021 | 458,698 | 316,186 |
2021 / 2020 | 290,024 | 164,095 |
2020 / 2019 | 148,732 | 89,801 |
Prior Years | 85,950 | 22,240 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,765,413 | 1,731,809 |
2024 / 2023 Gross writeoff | 42 | 1,065 |
2023 / 2022 Gross writeoff | 1,071 | 4,424 |
2022 / 2021 Gross writeoff | 1,966 | 2,878 |
2021 / 2020 Gross writeoff | 1,082 | 849 |
2020 / 2019 Gross writeoff | 238 | 976 |
Prior Years Gross writeoff | 451 | 687 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 0 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 4,850 | 10,879 |
Puerto Rico | Leasing | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 210,843 | 647,659 |
2023 / 2022 | 570,183 | 488,506 |
2022 / 2021 | 456,718 | 313,133 |
2021 / 2020 | 287,444 | 163,189 |
2020 / 2019 | 148,154 | 88,983 |
Prior Years | 84,804 | 21,706 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,758,146 | 1,723,176 |
Puerto Rico | Leasing | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 806 |
2023 / 2022 | 902 | 2,516 |
2022 / 2021 | 1,980 | 3,053 |
2021 / 2020 | 2,580 | 906 |
2020 / 2019 | 578 | 818 |
Prior Years | 1,129 | 517 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 7,169 | 8,616 |
Puerto Rico | Leasing | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 81 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 17 | 17 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 98 | 17 |
Puerto Rico | Consumer | Credit card | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 1,142,136 | 1,135,728 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,142,136 | 1,135,728 |
2024 / 2023 Gross writeoff | 0 | 0 |
2023 / 2022 Gross writeoff | 0 | 0 |
2022 / 2021 Gross writeoff | 0 | 0 |
2021 / 2020 Gross writeoff | 0 | 0 |
2020 / 2019 Gross writeoff | 0 | 0 |
Prior Years Gross writeoff | 0 | 0 |
Revolving Loans Amortized Cost Basis - Writeoff | 16,396 | 41,007 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 16,396 | 41,007 |
Puerto Rico | Consumer | Credit card | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 1,118,278 | 1,112,447 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,118,278 | 1,112,447 |
Puerto Rico | Consumer | Credit card | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 23,837 | 23,259 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 23,837 | 23,259 |
Puerto Rico | Consumer | Credit card | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 21 | 22 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 21 | 22 |
Puerto Rico | Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 2,569 | 2,648 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,569 | 2,648 |
2024 / 2023 Gross writeoff | 0 | 0 |
2023 / 2022 Gross writeoff | 0 | 0 |
2022 / 2021 Gross writeoff | 0 | 0 |
2021 / 2020 Gross writeoff | 0 | 0 |
2020 / 2019 Gross writeoff | 0 | 0 |
Prior Years Gross writeoff | 0 | 0 |
Revolving Loans Amortized Cost Basis - Writeoff | 197 | 213 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 197 | 213 |
Puerto Rico | Consumer | Home equity lines of credit | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 2,562 | 2,622 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,562 | 2,622 |
Puerto Rico | Consumer | Home equity lines of credit | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 7 | 26 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 7 | 26 |
Puerto Rico | Consumer | Personal loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 200,218 | 861,249 |
2023 / 2022 | 748,662 | 485,756 |
2022 / 2021 | 421,576 | 183,436 |
2021 / 2020 | 160,411 | 57,720 |
2020 / 2019 | 49,134 | 59,794 |
Prior Years | 144,382 | 105,315 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 22,110 | 23,040 |
Total | 1,746,493 | 1,776,310 |
2024 / 2023 Gross writeoff | 0 | 4,458 |
2023 / 2022 Gross writeoff | 6,810 | 35,915 |
2022 / 2021 Gross writeoff | 11,488 | 18,076 |
2021 / 2020 Gross writeoff | 3,295 | 4,210 |
2020 / 2019 Gross writeoff | 880 | 4,891 |
Prior Years Gross writeoff | 1,403 | 2,952 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 0 |
Revolving Loans Converted to Term Loans - Writeoff | 473 | 1,475 |
Total - Writeoff | 24,349 | 71,977 |
Puerto Rico | Consumer | Personal loans | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 200,218 | 859,434 |
2023 / 2022 | 745,798 | 480,771 |
2022 / 2021 | 417,333 | 181,483 |
2021 / 2020 | 158,860 | 57,227 |
2020 / 2019 | 48,662 | 58,849 |
Prior Years | 134,930 | 96,956 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 21,077 | 22,034 |
Total | 1,726,878 | 1,756,754 |
Puerto Rico | Consumer | Personal loans | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 1,815 |
2023 / 2022 | 2,864 | 4,985 |
2022 / 2021 | 4,243 | 1,939 |
2021 / 2020 | 1,551 | 493 |
2020 / 2019 | 472 | 933 |
Prior Years | 9,452 | 8,322 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,033 | 1,006 |
Total | 19,615 | 19,493 |
Puerto Rico | Consumer | Personal loans | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | |
2023 / 2022 | 0 | |
2022 / 2021 | 14 | |
2021 / 2020 | 0 | |
2020 / 2019 | 12 | |
Prior Years | 37 | |
Revolving Loans Amortized Cost Basis | 0 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | 63 | |
Puerto Rico | Consumer | Auto Loan | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 343,102 | 1,217,611 |
2023 / 2022 | 1,155,319 | 913,890 |
2022 / 2021 | 853,105 | 723,400 |
2021 / 2020 | 665,347 | 414,941 |
2020 / 2019 | 374,013 | 267,415 |
Prior Years | 315,968 | 123,523 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,706,854 | 3,660,780 |
2024 / 2023 Gross writeoff | 114 | 10,170 |
2023 / 2022 Gross writeoff | 9,028 | 23,849 |
2022 / 2021 Gross writeoff | 5,738 | 11,820 |
2021 / 2020 Gross writeoff | 3,008 | 5,914 |
2020 / 2019 Gross writeoff | 1,521 | 3,553 |
Prior Years Gross writeoff | 758 | 0 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 0 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 20,167 | 55,306 |
Puerto Rico | Consumer | Auto Loan | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 342,983 | 1,210,622 |
2023 / 2022 | 1,145,262 | 899,797 |
2022 / 2021 | 840,316 | 711,439 |
2021 / 2020 | 654,624 | 405,768 |
2020 / 2019 | 366,598 | 260,355 |
Prior Years | 307,952 | 120,318 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,657,735 | 3,608,299 |
Puerto Rico | Consumer | Auto Loan | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 119 | 6,980 |
2023 / 2022 | 9,989 | 14,049 |
2022 / 2021 | 12,762 | 11,916 |
2021 / 2020 | 10,704 | 9,157 |
2020 / 2019 | 7,415 | 7,051 |
Prior Years | 8,008 | 3,199 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 48,997 | 52,352 |
Puerto Rico | Consumer | Auto Loan | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 9 |
2023 / 2022 | 68 | 44 |
2022 / 2021 | 27 | 45 |
2021 / 2020 | 19 | 16 |
2020 / 2019 | 0 | 9 |
Prior Years | 8 | 6 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 122 | 129 |
Puerto Rico | Consumer | Other | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 8,302 | 36,388 |
2023 / 2022 | 35,582 | 24,263 |
2022 / 2021 | 22,965 | 15,079 |
2021 / 2020 | 13,787 | 5,691 |
2020 / 2019 | 5,296 | 3,449 |
Prior Years | 6,060 | 3,247 |
Revolving Loans Amortized Cost Basis | 61,686 | 62,045 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 153,678 | 150,162 |
2024 / 2023 Gross writeoff | 0 | 47 |
2023 / 2022 Gross writeoff | 34 | 154 |
2022 / 2021 Gross writeoff | 50 | 125 |
2021 / 2020 Gross writeoff | 29 | 164 |
2020 / 2019 Gross writeoff | 93 | 88 |
Prior Years Gross writeoff | 458 | 11,876 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 0 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 664 | 12,454 |
Puerto Rico | Consumer | Other | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 8,302 | 36,144 |
2023 / 2022 | 35,338 | 24,238 |
2022 / 2021 | 22,941 | 14,942 |
2021 / 2020 | 13,787 | 5,618 |
2020 / 2019 | 5,252 | 3,433 |
Prior Years | 5,716 | 2,753 |
Revolving Loans Amortized Cost Basis | 61,379 | 61,796 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 152,715 | 148,924 |
Puerto Rico | Consumer | Other | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 244 |
2023 / 2022 | 244 | 25 |
2022 / 2021 | 24 | 0 |
2021 / 2020 | 0 | 73 |
2020 / 2019 | 44 | 16 |
Prior Years | 81 | 131 |
Revolving Loans Amortized Cost Basis | 307 | 249 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 700 | 738 |
Puerto Rico | Consumer | Other | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 137 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 263 | 363 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 263 | 500 |
Popular U.S. | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 134,805 | 1,487,297 |
2023 / 2022 | 1,566,815 | 2,342,518 |
2022 / 2021 | 2,328,504 | 1,789,497 |
2021 / 2020 | 1,749,926 | 1,177,883 |
2020 / 2019 | 1,141,900 | 902,918 |
Prior Years | 3,072,346 | 2,304,709 |
Revolving Loans Amortized Cost Basis | 475,273 | 535,188 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 14,400 | 14,038 |
Total | 10,483,969 | 10,554,048 |
Popular U.S. | Construction | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 17,234 | 282,308 |
2023 / 2022 | 350,745 | 287,646 |
2022 / 2021 | 275,912 | 116,316 |
2021 / 2020 | 105,650 | 18,628 |
2020 / 2019 | 0 | 47,150 |
Prior Years | 46,872 | 37,375 |
Revolving Loans Amortized Cost Basis | 50,166 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 846,579 | 789,423 |
Popular U.S. | Construction | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 17,234 | 280,188 |
2023 / 2022 | 348,577 | 251,627 |
2022 / 2021 | 230,756 | 89,450 |
2021 / 2020 | 82,615 | 14,733 |
2020 / 2019 | 0 | 25,254 |
Prior Years | 38,754 | 0 |
Revolving Loans Amortized Cost Basis | 15,733 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 733,669 | 661,252 |
Popular U.S. | Construction | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 22,867 |
2022 / 2021 | 31,690 | 12,869 |
2021 / 2020 | 14,210 | 0 |
2020 / 2019 | 0 | 21,896 |
Prior Years | 8,118 | 782 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 54,018 | 58,414 |
Popular U.S. | Construction | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 2,120 |
2023 / 2022 | 2,168 | 13,151 |
2022 / 2021 | 13,466 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 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 | 15,634 | 15,271 |
Popular U.S. | Construction | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 1 |
2022 / 2021 | 0 | 13,997 |
2021 / 2020 | 8,825 | 3,895 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 36,593 |
Revolving Loans Amortized Cost Basis | 34,433 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 43,258 | 54,486 |
Popular U.S. | Mortgages | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 23,480 | 99,296 |
2023 / 2022 | 93,943 | 229,955 |
2022 / 2021 | 225,245 | 288,767 |
2021 / 2020 | 283,981 | 234,451 |
2020 / 2019 | 231,644 | 179,347 |
Prior Years | 441,818 | 272,277 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,300,111 | 1,304,093 |
Popular U.S. | Mortgages | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 23,480 | 99,296 |
2023 / 2022 | 93,943 | 229,720 |
2022 / 2021 | 225,010 | 288,767 |
2021 / 2020 | 283,981 | 233,805 |
2020 / 2019 | 230,999 | 177,245 |
Prior Years | 414,626 | 264,069 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,272,039 | 1,292,902 |
Popular U.S. | Mortgages | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 235 |
2022 / 2021 | 235 | 0 |
2021 / 2020 | 0 | 646 |
2020 / 2019 | 645 | 2,102 |
Prior Years | 27,192 | 8,208 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 28,072 | 11,191 |
Popular U.S. | Commercial | Commercial multi-family | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 34 | 166,410 |
2023 / 2022 | 165,837 | 533,963 |
2022 / 2021 | 538,270 | 366,228 |
2021 / 2020 | 361,861 | 237,295 |
2020 / 2019 | 233,281 | 281,312 |
Prior Years | 776,367 | 533,358 |
Revolving Loans Amortized Cost Basis | 5,334 | 5,112 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,080,984 | 2,123,678 |
2024 / 2023 Gross writeoff | 0 | |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
Prior Years Gross writeoff | 441 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 441 | |
Popular U.S. | Commercial | Commercial multi-family | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 34 | 166,410 |
2023 / 2022 | 165,837 | 417,169 |
2022 / 2021 | 436,312 | 326,047 |
2021 / 2020 | 341,089 | 164,887 |
2020 / 2019 | 165,978 | 182,528 |
Prior Years | 592,171 | 410,836 |
Revolving Loans Amortized Cost Basis | 5,334 | 5,112 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,706,755 | 1,672,989 |
Popular U.S. | Commercial | Commercial multi-family | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 116,794 |
2022 / 2021 | 101,958 | 39,319 |
2021 / 2020 | 19,914 | 71,237 |
2020 / 2019 | 67,303 | 93,239 |
Prior Years | 149,375 | 98,365 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 338,550 | 418,954 |
Popular U.S. | Commercial | Commercial multi-family | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 862 |
2021 / 2020 | 858 | 1,171 |
2020 / 2019 | 0 | 0 |
Prior Years | 2,192 | 3,377 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 3,050 | 5,410 |
Popular U.S. | Commercial | Commercial multi-family | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 5,545 |
Prior Years | 32,629 | 20,780 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 32,629 | 26,325 |
Popular U.S. | Commercial | CRE non-owner occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 6,741 | 396,712 |
2023 / 2022 | 396,376 | 530,037 |
2022 / 2021 | 513,288 | 208,787 |
2021 / 2020 | 207,442 | 252,984 |
2020 / 2019 | 251,427 | 129,532 |
Prior Years | 674,046 | 553,472 |
Revolving Loans Amortized Cost Basis | 11,254 | 10,643 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,060,574 | 2,082,167 |
2024 / 2023 Gross writeoff | 0 | |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
Prior Years Gross writeoff | 193 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 193 | |
Popular U.S. | Commercial | CRE non-owner occupied | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 6,741 | 396,712 |
2023 / 2022 | 396,376 | 490,316 |
2022 / 2021 | 493,557 | 170,074 |
2021 / 2020 | 168,986 | 201,225 |
2020 / 2019 | 214,339 | 86,595 |
Prior Years | 503,436 | 394,455 |
Revolving Loans Amortized Cost Basis | 11,254 | 6,086 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,794,689 | 1,745,463 |
Popular U.S. | Commercial | CRE non-owner occupied | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 39,721 |
2022 / 2021 | 17,023 | 38,713 |
2021 / 2020 | 33,260 | 43,705 |
2020 / 2019 | 29,093 | 39,908 |
Prior Years | 94,339 | 91,922 |
Revolving Loans Amortized Cost Basis | 0 | 4,557 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 173,715 | 258,526 |
Popular U.S. | Commercial | CRE non-owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 2,406 | 0 |
2020 / 2019 | 0 | 1,327 |
Prior Years | 64,664 | 63,365 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 67,070 | 64,692 |
Popular U.S. | Commercial | CRE non-owner occupied | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 2,708 | 0 |
2021 / 2020 | 2,790 | 8,054 |
2020 / 2019 | 7,995 | 1,702 |
Prior Years | 11,607 | 3,730 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 25,100 | 13,486 |
Popular U.S. | Commercial | CRE owner occupied | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 36,651 | 303,202 |
2023 / 2022 | 302,989 | 348,751 |
2022 / 2021 | 347,932 | 390,849 |
2021 / 2020 | 387,407 | 116,526 |
2020 / 2019 | 113,891 | 88,977 |
Prior Years | 493,959 | 422,289 |
Revolving Loans Amortized Cost Basis | 8,923 | 11,658 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,691,752 | 1,682,252 |
2024 / 2023 Gross writeoff | 0 | |
2023 / 2022 Gross writeoff | 0 | |
2022 / 2021 Gross writeoff | 0 | |
2021 / 2020 Gross writeoff | 0 | |
2020 / 2019 Gross writeoff | 0 | |
Prior Years Gross writeoff | 1,395 | |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | |
Revolving Loans Converted to Term Loans - Writeoff | 0 | |
Total - Writeoff | 1,395 | |
Popular U.S. | Commercial | CRE owner occupied | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 36,651 | 303,202 |
2023 / 2022 | 302,989 | 278,380 |
2022 / 2021 | 245,911 | 226,289 |
2021 / 2020 | 225,998 | 58,505 |
2020 / 2019 | 57,688 | 47,083 |
Prior Years | 250,846 | 204,888 |
Revolving Loans Amortized Cost Basis | 4,951 | 9,753 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,125,034 | 1,128,100 |
Popular U.S. | Commercial | CRE owner occupied | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 69,894 |
2022 / 2021 | 38,795 | 84,218 |
2021 / 2020 | 27,687 | 53,066 |
2020 / 2019 | 51,281 | 14,057 |
Prior Years | 102,480 | 98,502 |
Revolving Loans Amortized Cost Basis | 3,972 | 1,905 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 224,215 | 321,642 |
Popular U.S. | Commercial | CRE owner occupied | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 34,633 | 77,912 |
2021 / 2020 | 131,309 | 4,955 |
2020 / 2019 | 4,922 | 6,074 |
Prior Years | 11,152 | 11,224 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 182,016 | 100,165 |
Popular U.S. | Commercial | CRE owner occupied | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 477 |
2022 / 2021 | 28,593 | 2,430 |
2021 / 2020 | 2,413 | 0 |
2020 / 2019 | 0 | 21,763 |
Prior Years | 129,481 | 107,675 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 160,487 | 132,345 |
Popular U.S. | Commercial | Commercial and Industrial | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 42,102 | 198,001 |
2023 / 2022 | 219,641 | 316,777 |
2022 / 2021 | 348,252 | 394,900 |
2021 / 2020 | 384,517 | 314,956 |
2020 / 2019 | 309,450 | 172,876 |
Prior Years | 626,683 | 474,814 |
Revolving Loans Amortized Cost Basis | 349,715 | 457,571 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,280,360 | 2,329,895 |
2024 / 2023 Gross writeoff | 0 | 247 |
2023 / 2022 Gross writeoff | 0 | 221 |
2022 / 2021 Gross writeoff | 190 | 1,994 |
2021 / 2020 Gross writeoff | 272 | 44 |
2020 / 2019 Gross writeoff | 5 | 1,320 |
Prior Years Gross writeoff | 44 | 0 |
Revolving Loans Amortized Cost Basis - Writeoff | 53 | 49 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 564 | 3,875 |
Popular U.S. | Commercial | Commercial and Industrial | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 41,163 | 196,959 |
2023 / 2022 | 218,204 | 278,238 |
2022 / 2021 | 301,833 | 346,428 |
2021 / 2020 | 337,350 | 268,835 |
2020 / 2019 | 249,043 | 148,502 |
Prior Years | 511,963 | 379,635 |
Revolving Loans Amortized Cost Basis | 310,873 | 414,883 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1,970,429 | 2,033,480 |
Popular U.S. | Commercial | Commercial and Industrial | Watch | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 25 | 198 |
2023 / 2022 | 184 | 37,022 |
2022 / 2021 | 39,927 | 47,299 |
2021 / 2020 | 46,133 | 44,939 |
2020 / 2019 | 57,607 | 23,493 |
Prior Years | 112,073 | 93,299 |
Revolving Loans Amortized Cost Basis | 20,338 | 32,497 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 276,287 | 278,747 |
Popular U.S. | Commercial | Commercial and Industrial | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 208 |
2023 / 2022 | 196 | 889 |
2022 / 2021 | 6,065 | 1,021 |
2021 / 2020 | 902 | 30 |
2020 / 2019 | 21 | 151 |
Prior Years | 433 | 39 |
Revolving Loans Amortized Cost Basis | 14,865 | 8,674 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 22,482 | 11,012 |
Popular U.S. | Commercial | Commercial and Industrial | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 914 | 636 |
2023 / 2022 | 1,057 | 628 |
2022 / 2021 | 427 | 152 |
2021 / 2020 | 132 | 1,152 |
2020 / 2019 | 2,779 | 730 |
Prior Years | 2,214 | 1,841 |
Revolving Loans Amortized Cost Basis | 3,639 | 1,517 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 11,162 | 6,656 |
Popular U.S. | Consumer | Credit card | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 17 | 19 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 17 | 19 |
2024 / 2023 Gross writeoff | 0 | 0 |
2023 / 2022 Gross writeoff | 0 | 0 |
2022 / 2021 Gross writeoff | 0 | 0 |
2021 / 2020 Gross writeoff | 0 | 0 |
2020 / 2019 Gross writeoff | 0 | 0 |
Prior Years Gross writeoff | 0 | 0 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 1 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 0 | 1 |
Popular U.S. | Consumer | Credit card | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 17 | 19 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 17 | 19 |
Popular U.S. | Consumer | Home equity lines of credit | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 8,793 | 9,342 |
Revolving Loans Amortized Cost Basis | 40,955 | 39,925 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 14,400 | 14,038 |
Total | 64,148 | 63,305 |
2024 / 2023 Gross writeoff | 0 | 0 |
2023 / 2022 Gross writeoff | 0 | 0 |
2022 / 2021 Gross writeoff | 0 | 0 |
2021 / 2020 Gross writeoff | 0 | 0 |
2020 / 2019 Gross writeoff | 0 | 0 |
Prior Years Gross writeoff | 7 | 471 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 0 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 7 | 471 |
Popular U.S. | Consumer | Home equity lines of credit | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 6,878 | 7,394 |
Revolving Loans Amortized Cost Basis | 40,955 | 39,925 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 12,329 | 12,253 |
Total | 60,162 | 59,572 |
Popular U.S. | Consumer | Home equity lines of credit | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 1,816 | 1,849 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 1,280 | 966 |
Total | 3,096 | 2,815 |
Popular U.S. | Consumer | Home equity lines of credit | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 99 | 99 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 791 | 819 |
Total | 890 | 918 |
Popular U.S. | Consumer | Personal loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 8,545 | 41,349 |
2023 / 2022 | 37,284 | 95,389 |
2022 / 2021 | 79,605 | 23,650 |
2021 / 2020 | 19,068 | 3,043 |
2020 / 2019 | 2,207 | 3,724 |
Prior Years | 3,808 | 1,782 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 150,517 | 168,937 |
2024 / 2023 Gross writeoff | 0 | 735 |
2023 / 2022 Gross writeoff | 545 | 13,136 |
2022 / 2021 Gross writeoff | 3,701 | 4,450 |
2021 / 2020 Gross writeoff | 873 | 618 |
2020 / 2019 Gross writeoff | 62 | 872 |
Prior Years Gross writeoff | 531 | 160 |
Revolving Loans Amortized Cost Basis - Writeoff | 0 | 0 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 5,712 | 19,971 |
Popular U.S. | Consumer | Personal loans | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 8,545 | 41,016 |
2023 / 2022 | 36,778 | 93,759 |
2022 / 2021 | 78,649 | 23,325 |
2021 / 2020 | 18,867 | 2,993 |
2020 / 2019 | 2,167 | 3,597 |
Prior Years | 3,441 | 1,441 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 148,447 | 166,131 |
Popular U.S. | Consumer | Personal loans | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 333 |
2023 / 2022 | 506 | 1,630 |
2022 / 2021 | 956 | 325 |
2021 / 2020 | 201 | 50 |
2020 / 2019 | 40 | 126 |
Prior Years | 366 | 211 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 2,069 | 2,675 |
Popular U.S. | Consumer | Personal loans | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | 0 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 1 |
Prior Years | 1 | 130 |
Revolving Loans Amortized Cost Basis | 0 | 0 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 1 | 131 |
Popular U.S. | Consumer | Other | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 18 | 19 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 8,909 | 10,260 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 8,927 | 10,279 |
2024 / 2023 Gross writeoff | 0 | 0 |
2023 / 2022 Gross writeoff | 0 | 0 |
2022 / 2021 Gross writeoff | 0 | 0 |
2021 / 2020 Gross writeoff | 0 | 0 |
2020 / 2019 Gross writeoff | 0 | 0 |
Prior Years Gross writeoff | 0 | 0 |
Revolving Loans Amortized Cost Basis - Writeoff | 31 | 171 |
Revolving Loans Converted to Term Loans - Writeoff | 0 | 0 |
Total - Writeoff | 31 | 171 |
Popular U.S. | Consumer | Other | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 18 | 19 |
2023 / 2022 | 0 | 0 |
2022 / 2021 | 0 | 0 |
2021 / 2020 | 0 | 0 |
2020 / 2019 | 0 | 0 |
Prior Years | 0 | 0 |
Revolving Loans Amortized Cost Basis | 8,908 | 10,259 |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | 0 |
Total | 8,926 | 10,278 |
Popular U.S. | Consumer | Other | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | |
2023 / 2022 | 0 | |
2022 / 2021 | 0 | |
2021 / 2020 | 0 | |
2020 / 2019 | 0 | |
Prior Years | 0 | |
Revolving Loans Amortized Cost Basis | 1 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | $ 1 | |
Popular U.S. | Consumer | Other | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
2024 / 2023 | 0 | |
2023 / 2022 | 0 | |
2022 / 2021 | 0 | |
2021 / 2020 | 0 | |
2020 / 2019 | 0 | |
Prior Years | 0 | |
Revolving Loans Amortized Cost Basis | 1 | |
Revolving Loans Converted to Term Loans Amortized Cost Basis | 0 | |
Total | $ 1 |
Allowance for credit losses -_4
Allowance for credit losses - Allowance for loan losses - Additional Information (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Financing Receivable, Modifications [Line Items] | ||
Outstanding balance of loans modified for borrowers under financial difficulties that were subject to payment default | $ 21 | |
Extension of maturity date | ||
Financing Receivable, Modifications [Line Items] | ||
Outstanding balance of loans modified for borrowers under financial difficulties that were subject to payment default | 20 | |
Combination of reduction of interest rate and extension of maturity | ||
Financing Receivable, Modifications [Line Items] | ||
Outstanding balance of loans modified for borrowers under financial difficulties that were subject to payment default | 1 | |
Commercial | ||
Financing Receivable, Modifications [Line Items] | ||
Outstanding commitments to lend additional funds to debtors owing receivables whose terms have been modified in troubled debt restructurings | $ 4.2 | $ 7 |
Mortgage banking activities (De
Mortgage banking activities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Mortgage servicing rights fair value adjustments | $ (3,439) | $ (1,376) |
Total trading account profit (loss) | 361 | 378 |
Total mortgage banking activities | 4,360 | 7,400 |
Mortgage banking activities | ||
Mortgage servicing fees | 7,751 | 8,689 |
Mortgage servicing rights fair value adjustments | (3,439) | (1,376) |
Total mortgage servicing fees, net of fair value adjustments | 4,312 | 7,313 |
Net gain on sale of loans, including valuation on loans held-for-sale | 74 | 263 |
Unrealized gains (loss) on outstanding derivative positions | 101 | (131) |
Realized gains on closed derivative positions | 3 | 56 |
Total trading account profit (loss) | 104 | (75) |
Losses on repurchased loans, including interest advances | (130) | (101) |
Total mortgage banking activities | $ 4,360 | $ 7,400 |
Transfers of financial assets_3
Transfers of financial assets and servicing assets - Initial fair value of assets obtained as proceeds from residential mortgage loans securitized (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | $ 2,250 | $ 11,244 |
Level 1 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Level 2 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 2,205 | 10,966 |
Level 3 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 45 | 278 |
Trading account debt securities | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 2,205 | 10,966 |
Trading account debt securities | Level 1 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Trading account debt securities | Level 2 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 2,205 | 10,966 |
Trading account debt securities | Level 3 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Trading account debt securities | GNMA | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 1,100 | 1,067 |
Trading account debt securities | GNMA | Level 1 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Trading account debt securities | GNMA | Level 2 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 1,100 | 1,067 |
Trading account debt securities | GNMA | Level 3 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Trading account debt securities | FNMA | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 1,105 | 9,899 |
Trading account debt securities | FNMA | Level 1 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Trading account debt securities | FNMA | Level 2 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 1,105 | 9,899 |
Trading account debt securities | FNMA | 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 | 45 | 278 |
Mortgage Servicing Rights | Level 1 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Mortgage Servicing Rights | Level 2 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | 0 | 0 |
Mortgage Servicing Rights | Level 3 | ||
Assets | ||
Initial fair value of the assets obtained as proceeds from residential mortgage loans securitized | $ 45 | $ 278 |
Transfers of financial assets_4
Transfers of financial assets and servicing assets - Changes in MSRs measured using the fair value method (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Transfers and Servicing of Financial Assets | ||
Fair value at beginning of period | $ 118,109 | $ 128,350 |
Additions | 294 | 501 |
Changes due to payments of loans | (2,100) | (2,422) |
Reduction due to loan repurchases | (137) | (240) |
Changes in fair value due to changes in valuation model inputs or assumptions | (1,202) | 1,286 |
Fair value at end of period | $ 114,964 | $ 127,475 |
Transfers of financial assets_5
Transfers of financial assets and servicing assets - Changes in MSRs measured using the fair value method - Parenthetical (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Servicing Assets at Fair Value [Line Items] | ||||
Servicing asset at fair value amount | $ 114,964 | $ 118,109 | $ 127,475 | $ 128,350 |
PB | ||||
Servicing Assets at Fair Value [Line Items] | ||||
Servicing asset at fair value amount | $ 2,000 | $ 2,000 |
Transfers of financial assets_6
Transfers of financial assets and servicing assets - Key economic assumptions used (Details) - Residential Mortgage | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
BPPR | ||
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ||
Weighted average prepayment speed (annual rate) | 6.10% | 6.70% |
Weighted average life (in years) | 9 years 7 months 6 days | 8 years 10 months 24 days |
Discount rate (annual rate) | 9.50% | 9.50% |
PB | ||
Assumption for Fair Value as of Balance Sheet Date of Assets or Liabilities that relate to Transferor's Continuing Involvement [Line Items] | ||
Weighted average prepayment speed (annual rate) | 6% | 7.30% |
Weighted average life (in years) | 8 years 9 months 18 days | 8 years |
Discount rate (annual rate) | 12.50% | 10.50% |
Transfers of financial assets_7
Transfers of financial assets and servicing assets - Fair value of purchased and originated MSRs, valuation assumptions and sensitivity (Details) - Residential Mortgage - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2024 | Dec. 31, 2023 | |
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 | $ 38,660 | $ 39,757 |
Weighted average life (in years) | 6 years 6 months | 6 years 7 months 6 days |
Weighted average prepayment speed (annual rate) | 5.70% | 5.90% |
Impact on fair value of 10% adverse change | $ (721) | $ (696) |
Impact on fair value of 20% adverse change | $ (1,416) | $ (1,365) |
Weighted average discount rate (annual rate) | 11.30% | 11.30% |
Impact on fair value of 10% adverse change | $ (1,438) | $ (1,387) |
Impact on fair value of 20% adverse change | (2,782) | (2,686) |
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 | $ 76,304 | $ 78,352 |
Weighted average life (in years) | 6 years 8 months 12 days | 6 years 9 months 18 days |
Weighted average prepayment speed (annual rate) | 6.80% | 7% |
Impact on fair value of 10% adverse change | $ (1,410) | $ (1,440) |
Impact on fair value of 20% adverse change | $ (2,767) | $ (2,827) |
Weighted average discount rate (annual rate) | 10.90% | 10.90% |
Impact on fair value of 10% adverse change | $ (2,783) | $ (2,871) |
Impact on fair value of 20% adverse change | $ (5,391) | $ (5,562) |
Transfers of financial assets_8
Transfers of financial assets and servicing assets - Additional Information (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Weighted average mortgage servicing fees | 0.32% | 0.31% | |
Liabilities incurred as a result of the securitizations | $ 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 | $ 35,486,161,000 | $ 35,420,879,000 | |
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 | 10,000,000 | 11,000,000 | |
Loans with recourse | |||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Loans serviced | 544,000,000 | 561,000,000 | |
GNMA | |||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Repurchased loans | 10,000,000 | 18,000,000 | |
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 | 1,900,000,000 | 1,900,000,000 | |
Residential Mortgage | Loans with recourse | |||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Loans serviced | 544,000,000 | 561,000,000 | |
Serviced mortgage loans | |||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Servicing rights on whole loan sales, principal balance | 11,000,000 | 10,000,000 | |
Mortgage securitizations, net gains | 200,000 | 200,000 | |
Loans serviced | 9,700,000,000 | $ 9,900,000,000 | |
Serviced mortgage loans | Loans with recourse | |||
Securitization or Asset-backed Financing Arrangement, Financial Asset for which Transfer is Accounted as Sale [Line Items] | |||
Repurchased loans | $ 600,000 | $ 1,000,000 |
Other Real Estate Owned (Detail
Other Real Estate Owned (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Other Real Estate Owned Rollforward [Line Items] | ||
Balance at beginning of the period | $ 80,416 | $ 89,126 |
Write-downs in value | (309) | (945) |
Additions | 17,980 | 19,698 |
Sales | (17,480) | (16,040) |
Other adjustments | (65) | (118) |
Ending balance | 80,542 | 91,721 |
Commercial / Construction | ||
Other Real Estate Owned Rollforward [Line Items] | ||
Balance at beginning of the period | 11,189 | 12,500 |
Write-downs in value | (25) | (194) |
Additions | 5,344 | 1,023 |
Sales | (546) | (941) |
Other adjustments | 0 | 0 |
Ending balance | 15,962 | 12,388 |
Mortgages | ||
Other Real Estate Owned Rollforward [Line Items] | ||
Balance at beginning of the period | 69,227 | 76,626 |
Write-downs in value | (284) | (751) |
Additions | 12,636 | 18,675 |
Sales | (16,934) | (15,099) |
Other adjustments | (65) | (118) |
Ending balance | $ 64,580 | $ 79,333 |
Other assets (Details)
Other assets (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Other Assets Disclosure [Abstract] | ||
Net deferred tax assets (net of valuation allowance) | $ 1,001,093 | $ 1,009,068 |
Investments under equity method | 244,165 | 236,485 |
Prepaid taxes | 32,146 | 39,052 |
Other prepaid expenses | 26,332 | 29,338 |
Capitalized software costs | 102,716 | 93,404 |
Derivative assets | 24,040 | 24,419 |
Trades receivables from brokers and counterparties | 23,477 | 23,102 |
Receivables from investment maturities | 301,000 | 176,000 |
Principal, interest and escrow servicing advances | 47,594 | 48,557 |
Guaranteed mortgage loan claims receivable | 27,722 | 29,648 |
Operating ROU assets | 110,712 | 116,106 |
Finance ROU assets | 20,344 | 21,093 |
Assets for pension benefit | 24,406 | 23,404 |
Others | 135,155 | 144,888 |
Total other assets | $ 2,120,902 | $ 2,014,564 |
Operating Lease Right Of Use Asset Statement Of Financial Position | Other assets | Other assets |
Finance Lease Right Of Use Asset Statement Of Financial Position | Other assets | Other assets |
Other Assets (Software package
Other Assets (Software package amortization) (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Other assets acquired [Line Items] | ||
Gross Carrying Amount | $ 102,716 | $ 93,404 |
Software Intangible assets | ||
Other assets acquired [Line Items] | ||
Gross Carrying Amount | 160,679 | 142,988 |
Accumulated Amortization | 57,963 | 49,584 |
Net Carrying Value | 102,716 | 93,404 |
Software Intangible assets | Software development costs | ||
Other assets acquired [Line Items] | ||
Gross Carrying Amount | 75,489 | 76,497 |
Accumulated Amortization | 23,983 | 22,086 |
Net Carrying Value | 51,506 | 54,411 |
Software Intangible assets | Software license costs | ||
Other assets acquired [Line Items] | ||
Gross Carrying Amount | 47,950 | 42,868 |
Accumulated Amortization | 23,658 | 18,048 |
Net Carrying Value | 24,292 | 24,820 |
Software Intangible assets | Cloud computing arrangements | ||
Other assets acquired [Line Items] | ||
Gross Carrying Amount | 37,240 | 23,623 |
Accumulated Amortization | 10,322 | 9,450 |
Net Carrying Value | $ 26,918 | $ 14,173 |
Other Assets (Software Amortiza
Other Assets (Software Amortization Expense) (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Other assets acquired [Line Items] | ||
Amortization of intangibles | $ 795 | $ 795 |
Software Intangible assets | ||
Other assets acquired [Line Items] | ||
Amortization of intangibles | 18,573 | 15,975 |
Software Intangible assets | Software development and license cost | ||
Other assets acquired [Line Items] | ||
Amortization of intangibles | 17,701 | 14,991 |
Software Intangible assets | Cloud computing arrangements | ||
Other assets acquired [Line Items] | ||
Amortization of intangibles | $ 872 | $ 984 |
Goodwill and other intangible_3
Goodwill and other intangible assets - Gross amount of goodwill and accumulated impairment losses by reportable segments (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Goodwill | ||
Goodwill gross | $ 1,004,640 | $ 1,004,640 |
Accumulated impairment losses | 200,212 | 200,212 |
Goodwill (net amounts) | 804,428 | 804,428 |
Banco Popular de Puerto Rico | ||
Goodwill | ||
Goodwill gross | 440,184 | 440,184 |
Accumulated impairment losses | 3,801 | 3,801 |
Goodwill (net amounts) | 436,383 | 436,383 |
Popular U.S. | ||
Goodwill | ||
Goodwill gross | 564,456 | 564,456 |
Accumulated impairment losses | 196,411 | 196,411 |
Goodwill (net amounts) | $ 368,045 | $ 368,045 |
Goodwill and other intangible_4
Goodwill and other intangible assets - Components of other intangible assets subject to amortization (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | $ 27,096 | $ 27,096 |
Accumulated Amortization | 18,887 | 18,092 |
Net Carrying Value | 8,209 | 9,004 |
Core deposits | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 12,810 | 12,810 |
Accumulated Amortization | 11,636 | 11,315 |
Net Carrying Value | 1,174 | 1,495 |
Other customer relationship | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 14,286 | 14,286 |
Accumulated Amortization | 7,251 | 6,777 |
Net Carrying Value | $ 7,035 | $ 7,509 |
Goodwill and other intangible_5
Goodwill and other intangible assets - Estimated amortization of the intangible assets with definite useful lives (Details) $ in Thousands | Mar. 31, 2024 USD ($) |
Goodwill and Intangible Assets Disclosure | |
Remaining 2024 | $ 2,143 |
Year 2025 | 1,750 |
Year 2026 | 1,440 |
Year 2027 | 959 |
Year 2028 | 959 |
Later years | $ 958 |
Goodwill and other intangible_6
Goodwill and other intangible assets - Additional Information (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Goodwill and Intangible Assets Disclosure [Line Items] | |||
Amortization Of Intangible Assets | $ 795,000 | $ 795,000 | |
Goodwill increase decrease | 0 | $ 0 | |
Goodwill | $ 804,428,000 | $ 804,428,000 |
Deposits - total deposits (Deta
Deposits - total deposits (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Deposits [Abstract] | ||
Savings accounts | $ 14,797,976 | $ 14,602,411 |
NOW, money market and other interest bearing demand deposits | 24,763,686 | 25,094,316 |
Total savings, NOW, money market and other interest bearing demand deposits | 39,561,662 | 39,696,727 |
Certificates of deposit: | ||
Under $250,000 | 5,420,905 | 5,443,062 |
$250,000 and over | 3,334,167 | 3,058,830 |
Total certificates of deposit | 8,755,072 | 8,501,892 |
Total interest bearing deposits | 48,316,734 | 48,198,619 |
Non-interest bearing deposits | 15,492,050 | 15,419,624 |
Total deposits | $ 63,808,784 | $ 63,618,243 |
Deposits - Summary of certifica
Deposits - Summary of certificates of deposit by maturity (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Deposits [Abstract] | ||
2024 | $ 4,649,279 | |
2025 | 1,915,324 | |
2026 | 838,041 | |
2027 | 470,438 | |
2028 | 625,629 | |
2029 and thereafter | 256,361 | |
Total certificates of deposit | $ 8,755,072 | $ 8,501,892 |
Deposits - Additional Informati
Deposits - Additional Information (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Deposits [Abstract] | ||
Brokered deposits | $ 1,600,000 | $ 1,700,000 |
Overdrafts in demand deposit accounts reclassified to loans | 12,200 | 9,100 |
Deposit Liability [Line Items] | ||
Deposits | 63,808,784 | $ 63,618,243 |
Public sector | ||
Deposit Liability [Line Items] | ||
Deposits | $ 18,000,000 |
Borrowings - Repurchase agreeme
Borrowings - Repurchase agreements accounted for as secured borrowings (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | $ 66,090 | $ 91,384 |
Secured Debt | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 66,090 | 91,384 |
Secured Debt | US Treasury Securities | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 49,085 | 43,592 |
Secured Debt | US Treasury Securities | Within 30 days | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 30,581 | 16,931 |
Secured Debt | US Treasury Securities | After 30 to 90 days | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 18,504 | 18,369 |
Secured Debt | US Treasury Securities | After 90 days | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 0 | 8,292 |
Secured Debt | Mortgage Backed Securities - federal agencies | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 16,778 | 47,565 |
Secured Debt | Mortgage Backed Securities - federal agencies | Within 30 days | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 11,550 | 27,171 |
Secured Debt | Mortgage Backed Securities - federal agencies | After 30 to 90 days | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 5,228 | 20,394 |
Secured Debt | CMO | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | 227 | 227 |
Secured Debt | CMO | Within 30 days | ||
Assets Sold under Agreements to Repurchase [Line Items] | ||
Repurchase liability | $ 227 | $ 227 |
Borrowings - Notes payable (Det
Borrowings - Notes payable (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Debt Instrument [Line Items] | ||
Notes payable | $ 966,303 | $ 986,948 |
Advances with FHLB with maturities ranging from 2024 Through 2029 | ||
Debt Instrument [Line Items] | ||
FHLB advances | 373,665 | 394,665 |
Unsecured senior debt | Fixed Rate maturing on 2028 paying interest semiannually | ||
Debt Instrument [Line Items] | ||
Long Term Debt | 394,285 | 393,937 |
Junior subordinated debt | Fixed Rate maturing on 2034 | ||
Debt Instrument [Line Items] | ||
Long Term Debt | $ 198,353 | $ 198,346 |
Borrowings - Notes payable -Par
Borrowings - Notes payable -Parenthetical (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2024 USD ($) | |
Advances with FHLB with maturities ranging from 2024 Through 2029 | |
Debt Instrument [Line Items] | |
Notes Payable Maturity Year Range Start | 2024 |
Notes Payable Maturity Year | 2029 |
Debt Instrument Frequency Of Periodic Payment | monthly |
Advances with FHLB with maturities ranging from 2024 Through 2029 | Minimum | |
Debt Instrument [Line Items] | |
Advances with the FHLB, interest rate | 0.44% |
Advances with FHLB with maturities ranging from 2024 Through 2029 | Maximum | |
Debt Instrument [Line Items] | |
Advances with the FHLB, interest rate | 5.26% |
Unsecured senior debt | Fixed Rate maturing on 2028 paying interest semiannually | |
Debt Instrument [Line Items] | |
Fixed interest rate percentage | 7.25% |
Notes Payable Maturity Year Range Start | 2028 |
Debt issuance costs | $ 5,715 |
Debt Instrument Frequency Of Periodic Payment | semiannually |
Junior subordinated debt | Fixed Rate maturing on 2034 | |
Debt Instrument [Line Items] | |
Notes Payable Maturity Year | 2034 |
Debt issuance costs | $ 281 |
Junior subordinated debt | Fixed Rate maturing on 2034 | Minimum | |
Debt Instrument [Line Items] | |
Fixed interest rate percentage | 6.125% |
Junior subordinated debt | Fixed Rate maturing 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 [Line Items] | ||
Principal amount | $ 400 | |
Fixed interest rate percentage | 7.25% | |
Notes Payable Maturity Year | 2028 | |
Fixed Rate With Maturities Due 2023 | ||
Debt Instrument [Line Items] | ||
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 | Mar. 31, 2024 USD ($) |
Debt Instrument [Line Items] | |
2024 | $ 137,033 |
2025 | 144,214 |
2026 | 74,500 |
2028 | 438,636 |
Later years | 238,010 |
Total borrowings | 1,032,393 |
Assets sold under agreements to repurchase | |
Debt Instrument [Line Items] | |
2024 | 66,090 |
2025 | 0 |
2026 | 0 |
2028 | 0 |
Later years | 0 |
Total borrowings | 66,090 |
Notes payable | |
Debt Instrument [Line Items] | |
2024 | 70,943 |
2025 | 144,214 |
2026 | 74,500 |
2028 | 438,636 |
Later years | 238,010 |
Total borrowings | $ 966,303 |
Borrowings - Additional Informa
Borrowings - Additional Information (Details) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Debt Instrument [Line Items] | ||
FHLB advances maximum amount available | $ 4,400,000,000 | $ 4,200,000,000 |
Federal Home Loan Bank Advances And Letters Of Credit Amount Used | 400,000,000 | 400,000,000 |
Assets sold under agreements to repurchase | 66,090,000 | 91,384,000 |
Other short-term borrowings | 0 | 0 |
Advances with FRB | ||
Debt Instrument [Line Items] | ||
Line Of Credit Facility Current Borrowing Capacity | 4,600,000,000 | 4,400,000,000 |
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 | $ 300,000,000 |
Other Liabilities (Details)
Other Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Other Liabilities Disclosure [Abstract] | ||
Accrued expenses | $ 361,839 | $ 337,695 |
Accrued interest payable | 48,302 | 59,102 |
Accounts payable | 92,715 | 89,339 |
Dividends payable | 44,869 | 44,741 |
Trades payable | 45 | 31 |
Liability for GNMA loans sold with an option to repurchase | 9,538 | 10,960 |
Reserves for loan indemnifications | 4,542 | 4,408 |
Reserve for operational losses | 25,209 | 27,994 |
Operating lease liabilities | 121,333 | 126,946 |
Finance lease liabilities | 24,897 | 25,778 |
Pension benefit obligation | 6,696 | 6,772 |
Postretirement benefit obligation | 115,421 | 117,045 |
Other liabilities | 63,042 | 63,816 |
Total other liabilities | $ 918,448 | $ 914,627 |
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 | |||||
May 09, 2024 | Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | ||
Stockholders Equity Note | ||||||
Cash dividends | [1] | $ 44,751 | $ 39,586 | |||
Dividends Declared per Common Share | $ 0.62 | $ 0.55 | ||||
Dividend payable, to be paid date | Apr. 01, 2024 | |||||
Dividends payable, record date | Mar. 14, 2024 | |||||
Stockholders' equity | $ 5,177,314 | $ 4,470,725 | $ 5,146,953 | $ 4,093,425 | ||
Subsequent event | ||||||
Stockholders Equity Note | ||||||
Dividends Declared per Common Share | $ 0.62 | |||||
Dividend payable, to be paid date | Jul. 01, 2024 | |||||
Dividends payable, record date | May 30, 2024 | |||||
[1] Dividends declared per common share during the quarter 0.62 0.55 ). |
Other comprehensive income (los
Other comprehensive income (loss) - Change in accumulated other comprehensive income (loss) by component (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Foreign Currency Translation | |||
Beginning Balance | $ (64,528) | $ (56,735) | |
Other comprehensive loss | (4,020) | (5,245) | |
Net change | (4,020) | (5,245) | |
Ending Balance | (68,548) | (61,980) | |
Adjustment of pension and postretirement benefit plans | |||
Beginning Balance | (117,894) | (144,335) | |
Other comprehensive loss before reclassification | 0 | 0 | |
Amounts reclassified from accumulated other comprehensive loss for amortization of net losses | 2,262 | 3,008 | |
Net change | 2,262 | 3,008 | |
Ending Balance | (115,632) | (141,327) | |
Unrealized net holding losses on debt securities | |||
Beginning Balance | (1,713,109) | (2,323,903) | |
Other comprehensive income (loss) before reclassifications | (71,104) | 191,752 | |
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 | 35,207 | 33,633 | |
Net change | (35,897) | 225,385 | |
Ending Balance | (1,749,006) | (2,098,518) | |
Unrealized net gains on cash flow hedges | |||
Beginning Balance | 0 | 45 | |
Other comprehensive (loss) income before reclassifications | 0 | (19) | |
Amounts reclassified from accumulated other comprehensive gains | 0 | (26) | |
Net change | 0 | (45) | |
Ending Balance | 0 | 0 | |
Total | $ (1,933,186) | $ (2,301,825) | $ (1,895,531) |
Other comprehensive income (l_2
Other comprehensive income (loss) - Reclassification out of accumulated other comprehensive loss (Details) - Reclassifications Out of Accumulated Other Comprehensive Loss - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Reclassifications Out of Accumulated Other Comprehensive Loss | ||
Net of tax | $ (37,469) | $ (36,615) |
Adjustment of pension and postretirement benefit plans | ||
Reclassifications Out of Accumulated Other Comprehensive Loss | ||
Before Tax | (3,618) | (4,813) |
Income tax benefit (expense) | 1,356 | 1,805 |
Net of tax | (2,262) | (3,008) |
Adjustment of pension and postretirement benefit plans | Other operating expenses | ||
Reclassifications Out of Accumulated Other Comprehensive Loss | ||
Before Tax | (3,618) | (4,813) |
Unrealized holding losses on debt securities | ||
Reclassifications Out of Accumulated Other Comprehensive Loss | ||
Before Tax | (44,009) | (42,040) |
Income tax benefit (expense) | 8,802 | 8,407 |
Net of tax | (35,207) | (33,633) |
Unrealized holding losses on debt securities | Investment securities | ||
Reclassifications Out of Accumulated Other Comprehensive Loss | ||
Before Tax | (44,009) | (42,040) |
Unrealized net gains on cash flow hedges | ||
Reclassifications Out of Accumulated Other Comprehensive Loss | ||
Before Tax | 0 | 41 |
Income tax benefit (expense) | 0 | (15) |
Net of tax | 0 | 26 |
Unrealized net gains on cash flow hedges | Forward contracts | Mortgage banking activities | ||
Reclassifications Out of Accumulated Other Comprehensive Loss | ||
Before Tax | $ 0 | $ 41 |
Guarantees - Changes from credi
Guarantees - Changes from credit recourses agreements (Details) - Guarantee on loans sold or serviced with credit recourse - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Guarantor Obligations | ||
Balance as of beginning of period | $ 4,211 | $ 6,897 |
Provision (benefit) for recourse liability | 244 | (654) |
Net charge-offs | (102) | (379) |
Balance as of end of period | $ 4,353 | $ 5,864 |
Guarantees - Credit recourse -
Guarantees - Credit recourse - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | |||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Guarantee on loans sold or serviced with credit recourse | ||||
Guarantor Obligations [Line Items] | ||||
Valuation allowances and reserves balance | $ 4,353 | $ 5,864 | $ 4,211 | $ 6,897 |
Serviced mortgage loans | ||||
Guarantor Obligations [Line Items] | ||||
Loans serviced | 9,700,000 | 9,900,000 | ||
Loans with recourse | ||||
Guarantor Obligations [Line Items] | ||||
Loans serviced | 544,000 | 561,000 | ||
Loans with recourse | Serviced mortgage loans | ||||
Guarantor Obligations [Line Items] | ||||
Repurchased loans | 600 | $ 1,000 | ||
Loans with recourse | Residential mortgage loans | ||||
Guarantor Obligations [Line Items] | ||||
Loans serviced | $ 544,000 | $ 561,000 |
Guarantees - Other Guarantees -
Guarantees - Other Guarantees - Additional Information (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Guarantor Obligations [Line Items] | ||
Funds Advanced To Investors Under Servicing Agreements | $ 47,594 | $ 48,557 |
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 | 1,000 | 1,000 |
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 | Mar. 31, 2024 | Dec. 31, 2023 |
Commitments to extend credit | Credit card lines | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | $ 6,130,148 | $ 6,108,939 |
Commitments to extend credit | Commercial Lines of Credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | 3,661,556 | 3,626,269 |
Commitments to extend credit | Construction Lines of Credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | 1,212,596 | 1,287,679 |
Commitments to extend credit | Other consumer unused credit commitments | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | 257,059 | 256,610 |
Commercial letters of credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | 1,234 | 1,404 |
Standby letters of credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | 115,808 | 80,889 |
Commitments to originate or fund mortgage loans | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Unused commitments to extend credit | $ 29,524 | $ 32,968 |
Commitments and Contingencies_2
Commitments and Contingencies - Schedule of Direct Exposure to Puerto Rico Government by Maturity (Details) - PR Government direct exposure - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended |
Mar. 31, 2024 | Dec. 31, 2023 | |
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | $ 363,091 | $ 333,000 |
Total concentration of risk | 388,091 | 362,000 |
Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 15,566 | 19,000 |
Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 347,525 | $ 314,000 |
Central Government | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 46 | |
Total concentration of risk | 46 | |
Central Government | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 46 | |
Central Government | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 0 | |
Central Government | After 1 to 5 years | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 3 | |
Total concentration of risk | 3 | |
Central Government | After 1 to 5 years | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 3 | |
Central Government | After 1 to 5 years | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 0 | |
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 | |
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 | |
Central Government | After 5 to 10 years | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 0 | |
Central Government | After 10 years | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 42 | |
Total concentration of risk | 42 | |
Central Government | After 10 years | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 42 | |
Central Government | After 10 years | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 0 | |
Municipalities | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 363,045 | |
Total concentration of risk | 388,045 | |
Municipalities | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 15,520 | |
Municipalities | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 347,525 | |
Municipalities | Within 1 year | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 16,273 | |
Total concentration of risk | 41,273 | |
Municipalities | Within 1 year | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 3,055 | |
Municipalities | Within 1 year | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 13,218 | |
Municipalities | After 1 to 5 years | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 153,139 | |
Total concentration of risk | 153,139 | |
Municipalities | After 1 to 5 years | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 11,620 | |
Municipalities | After 1 to 5 years | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 141,519 | |
Municipalities | After 5 to 10 years | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 146,810 | |
Total concentration of risk | 146,810 | |
Municipalities | After 5 to 10 years | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 845 | |
Municipalities | After 5 to 10 years | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 145,965 | |
Municipalities | After 10 years | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 46,823 | |
Total concentration of risk | 46,823 | |
Municipalities | After 10 years | Investment Portfolio | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | 0 | |
Municipalities | After 10 years | Loans | ||
Direct Exposure To The Puerto Rico Government By Maturity [Line Items] | ||
Outstanding concentration of risk | $ 46,823 |
Commitments and contingencies_3
Commitments and contingencies - Commitments - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2023 | |
Commitments and Contingencies Disclosure [Line Items] | ||||
Loans And Leases Receivable Gross Carrying Amount | $ 35,486,161 | $ 35,420,879 | $ 35,420,879 | |
FDIC deposit insurance expense | 23,887 | $ 8,865 | ||
FDIC Special Assessment | ||||
Commitments and Contingencies Disclosure [Line Items] | ||||
FDIC Indemnification Asset | 20,400,000 | 16,300,000 | 16,300,000 | |
FDIC deposit insurance expense | 14,300 | 71,400 | ||
FDIC deposit insurance expense net of tax | 9,100 | 45,300 | ||
Commitments to extend credit | ||||
Commitments and Contingencies Disclosure [Line Items] | ||||
Reserve of potential losses associated with unfunded loan commitments | 16,800 | 17,000 | 17,000 | |
Noncredit commitment | ||||
Commitments and Contingencies Disclosure [Line Items] | ||||
Investments | 3,300 | 3,300 | 3,300 | |
Residential mortgage loans | ||||
Commitments and Contingencies Disclosure [Line Items] | ||||
Loans And Leases Receivable Gross Carrying Amount | 1,900,000 | 1,900,000 | 1,900,000 | |
BVI | Retail and commerical loans | ||||
Commitments and Contingencies Disclosure [Line Items] | ||||
Loans And Leases Receivable Gross Carrying Amount | 208,000 | 205,000 | 205,000 | |
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 | 92,400 | 89,200 | 89,200 | |
PR Government direct exposure | ||||
Commitments and Contingencies Disclosure [Line Items] | ||||
Total concentration of risk | 388,091 | 362,000 | ||
Outstanding concentration of risk | $ 363,091 | 333,000 | 333,000 | |
Exposure Municipal Loans And Securities | 78% | |||
PR Government direct exposure | Loans | ||||
Commitments and Contingencies Disclosure [Line Items] | ||||
Outstanding concentration of risk | $ 347,525 | 314,000 | 314,000 | |
PR Government direct exposure | Securities Investment | ||||
Commitments and Contingencies Disclosure [Line Items] | ||||
Outstanding concentration of risk | 15,566 | 19,000 | 19,000 | |
PR Government Indirect Exposure | ||||
Commitments and Contingencies Disclosure [Line Items] | ||||
Outstanding concentration of risk | 233,000 | 238,000 | 238,000 | |
Loans and Leases Receivable, Consumer, Mortgage with PRHA | 187,000 | 191,000 | 191,000 | |
PR Government Indirect Exposure | PR Housing Bonds backed by second mortgage loans | ||||
Commitments and Contingencies Disclosure [Line Items] | ||||
Outstanding concentration of risk | 39,000 | $ 40,000 | 40,000 | |
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 Millions | Mar. 31, 2024 USD ($) |
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 | $ 15.8 |
Non-consolidated VIEs - Corpora
Non-consolidated VIEs - Corporation's VI in non-consolidated VIEs and max exposure to loss (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 |
Variable Interest Entity [Line Items] | |||
Assets | $ 70,936,939 | $ 70,758,155 | $ 67,675,759 |
Variable Interest Entity Not Primary Beneficiary | |||
Variable Interest Entity [Line Items] | |||
Assets | 97,247 | 99,290 | |
Maximum exposure to loss | 97,247 | 99,290 | |
Variable Interest Entity Not Primary Beneficiary | Servicing assets | |||
Variable Interest Entity [Line Items] | |||
Assets | 90,254 | 92,999 | |
Variable Interest Entity Not Primary Beneficiary | Mortgage servicing rights | |||
Variable Interest Entity [Line Items] | |||
Assets | 90,254 | 92,999 | |
Variable Interest Entity Not Primary Beneficiary | Other assets | |||
Variable Interest Entity [Line Items] | |||
Assets | 6,993 | 6,291 | |
Variable Interest Entity Not Primary Beneficiary | Servicing advances | |||
Variable Interest Entity [Line Items] | |||
Assets | $ 6,993 | $ 6,291 |
Non-consolidated variable int_3
Non-consolidated variable interest entities - Additional Information (Details) - Variable Interest Entity Not Primary Beneficiary [Member] $ in Billions | 3 Months Ended | |
Mar. 31, 2024 USD ($) NumberOfVIE | Dec. 31, 2023 USD ($) | |
Variable Interest Entity [Line Items] | ||
Number of VIEs | NumberOfVIE | 3 | |
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement | $ | $ 7 | $ 7.2 |
Related party transactions - Re
Related party transactions - Related party transactions with affiliated company - Equity Method - Additional Information (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Related Party Transaction [Line Items] | |||
Equity investment | $ 244,165,000 | $ 236,485,000 | |
Return of capital from equity method investments | $ 0 | $ 249,000 | |
BHD LEON | |||
Related Party Transaction [Line Items] | |||
Ownership interest | 15.84% | ||
BHD LEON | Cash Distribution | |||
Related Party Transaction [Line Items] | |||
Investment Dividends or distribution | $ 0 | 0 | |
BHD LEON | |||
Related Party Transaction [Line Items] | |||
Equity investment | 233,200,000 | $ 225,900,000 | |
Losses (earnings) from investments in equity method investees | $ 7,300,000 | $ 9,100,000 |
Related party transactions - _2
Related party transactions - Related party transactions with affiliated company - Additional Information 1 (Details) - Related Party With Investment Companies - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Related Party Transaction [Line Items] | ||
Administrative Fees | $ 0.6 | $ 0.6 |
Waived Fees | 0.2 | 0.2 |
Net fees | $ 0.4 | $ 0.4 |
Fair value measurement - Assets
Fair value measurement - Assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Assets | ||||
Debt securities available-for-sale | $ 18,017,424 | $ 16,729,044 | ||
Mortgage servicing rights | 114,964 | 118,109 | $ 127,475 | $ 128,350 |
US Treasury Securities | ||||
Assets | ||||
Debt securities available-for-sale | 12,289,211 | 10,747,061 | ||
Collateralized Mortgage Obligations - Federal agencies | ||||
Assets | ||||
Debt securities available-for-sale | 127,608 | 134,686 | ||
Mortgage Backed Securities - federal agencies | ||||
Assets | ||||
Debt securities available-for-sale | 5,598,600 | 5,844,786 | ||
Other | ||||
Assets | ||||
Debt securities available-for-sale | 2,005 | 2,511 | ||
Recurring | ||||
Assets | ||||
Debt securities available-for-sale | 18,017,424 | 16,729,044 | ||
Trading account debt securities, excluding derivatives | 27,303 | 31,568 | ||
Equity securities at fair value | 41,269 | 38,275 | ||
Mortgage servicing rights | 114,964 | 118,109 | ||
Loans held-for-sale | 5,352 | 3,239 | ||
Derivatives | 24,045 | 24,419 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 18,230,357 | 16,944,654 | ||
Liabilities | ||||
Derivatives | (21,784) | (21,103) | ||
Total | (21,784) | (21,103) | ||
Recurring | US Treasury Securities | ||||
Assets | ||||
Debt securities available-for-sale | 12,289,211 | 10,747,061 | ||
Trading account debt securities, excluding derivatives | 8,316 | 16,859 | ||
Recurring | Obligations of Puerto Rico, States and political subdivisions | ||||
Assets | ||||
Trading account debt securities, excluding derivatives | 60 | 71 | ||
Recurring | Collateralized Mortgage Obligations - Federal agencies | ||||
Assets | ||||
Debt securities available-for-sale | 127,608 | 134,686 | ||
Recurring | CMO | ||||
Assets | ||||
Trading account debt securities, excluding derivatives | 90 | 98 | ||
Recurring | Mortgage Backed Securities - federal agencies | ||||
Assets | ||||
Debt securities available-for-sale | 5,598,600 | 5,844,786 | ||
Trading account debt securities, excluding derivatives | 18,671 | 14,373 | ||
Recurring | Other | ||||
Assets | ||||
Debt securities available-for-sale | 2,005 | 2,511 | ||
Trading account debt securities, excluding derivatives | 166 | 167 | ||
Recurring | Level 1 | ||||
Assets | ||||
Debt securities available-for-sale | 6,262,480 | 3,936,036 | ||
Trading account debt securities, excluding derivatives | 8,316 | 16,859 | ||
Equity securities at fair value | 0 | 0 | ||
Mortgage servicing rights | 0 | 0 | ||
Loans held-for-sale | 0 | 0 | ||
Derivatives | 0 | 0 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 6,270,796 | 3,952,895 | ||
Liabilities | ||||
Derivatives | 0 | 0 | ||
Total | 0 | 0 | ||
Recurring | Level 1 | US Treasury Securities | ||||
Assets | ||||
Debt securities available-for-sale | 6,262,480 | 3,936,036 | ||
Trading account debt securities, excluding derivatives | 8,316 | 16,859 | ||
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 - federal agencies | ||||
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 | 11,752,337 | 12,789,902 | ||
Trading account debt securities, excluding derivatives | 18,737 | 14,425 | ||
Equity securities at fair value | 40,933 | 37,965 | ||
Mortgage servicing rights | 0 | 0 | ||
Loans held-for-sale | 5,352 | 3,239 | ||
Derivatives | 24,045 | 24,419 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 11,841,404 | 12,869,950 | ||
Liabilities | ||||
Derivatives | (21,784) | (21,103) | ||
Total | (21,784) | (21,103) | ||
Recurring | Level 2 | US Treasury Securities | ||||
Assets | ||||
Debt securities available-for-sale | 6,026,731 | 6,811,025 | ||
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 | 60 | 71 | ||
Recurring | Level 2 | Collateralized Mortgage Obligations - Federal agencies | ||||
Assets | ||||
Debt securities available-for-sale | 127,608 | 134,686 | ||
Recurring | Level 2 | CMO | ||||
Assets | ||||
Trading account debt securities, excluding derivatives | 90 | 93 | ||
Recurring | Level 2 | Mortgage Backed Securities - federal agencies | ||||
Assets | ||||
Debt securities available-for-sale | 5,597,993 | 5,844,180 | ||
Trading account debt securities, excluding derivatives | 18,587 | 14,261 | ||
Recurring | Level 2 | Other | ||||
Assets | ||||
Debt securities available-for-sale | 5 | 11 | ||
Trading account debt securities, excluding derivatives | 0 | 0 | ||
Recurring | Level 3 | ||||
Assets | ||||
Debt securities available-for-sale | 2,607 | 3,106 | ||
Trading account debt securities, excluding derivatives | 250 | 284 | ||
Equity securities at fair value | 0 | 0 | ||
Mortgage servicing rights | 114,964 | 118,109 | ||
Loans held-for-sale | 0 | 0 | ||
Derivatives | 0 | 0 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 117,821 | 121,499 | ||
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 | 0 | 5 | 88 | |
Recurring | Level 3 | Mortgage Backed Securities - federal agencies | ||||
Assets | ||||
Debt securities available-for-sale | 607 | 606 | ||
Trading account debt securities, excluding derivatives | 84 | 112 | ||
Recurring | Level 3 | Other | ||||
Assets | ||||
Debt securities available-for-sale | 2,000 | 2,500 | ||
Trading account debt securities, excluding derivatives | 166 | 167 | $ 199 | |
Recurring | NAV | ||||
Assets | ||||
Debt securities available-for-sale | 0 | 0 | ||
Trading account debt securities, excluding derivatives | 0 | 0 | ||
Equity securities at fair value | 336 | 310 | ||
Mortgage servicing rights | 0 | 0 | ||
Loans held-for-sale | 0 | 0 | ||
Derivatives | 0 | 0 | ||
Total assets measured at fair value on recurring /nonrecurring basis | 336 | 310 | ||
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 - federal agencies | ||||
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 - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale | $ 5,352 | $ 3,239 |
Aggregated unpaid principal balance | 5,285 | 3,202 |
Difference | $ 67 | $ 37 |
Fair value measurement - Asse_2
Fair value measurement - Assets measured at fair value on nonrecurring basis (Details) - Nonrecurring - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans | $ 110 | $ 1,629 |
Other real estate owned | 1,416 | 2,330 |
Other foreclosed assets | 105 | 15 |
Total assets measured at fair value on non-recurring basis | 1,631 | 3,974 |
Loans - write-down | (2,172) | (3) |
Other real estate owned - write down | (224) | (628) |
Other foreclosed assets - write down | (41) | (4) |
Total assets measured - write down | (2,437) | (635) |
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 | 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 | 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 | 110 | 1,629 |
Other real estate owned | 1,416 | 2,330 |
Other foreclosed assets | 105 | 15 |
Total assets measured at fair value on non-recurring basis | $ 1,631 | $ 3,974 |
Fair value measurement - Change
Fair value measurement - Changes in level 3 assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | $ 121,499 | $ 130,596 |
Gains (Losses) included in earnings | (3,940) | (1,385) |
Gains (losses) included in OCI | 1 | (6) |
Additions | 294 | 501 |
Settlements | (33) | (101) |
Ending Balance | 117,821 | 129,605 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | (1,700) | 1,295 |
Debt securities available-for-sale | Mortgage Backed Securities - federal agencies | ||
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 606 | 711 |
Gains (Losses) included in earnings | 0 | 0 |
Gains (losses) included in OCI | 1 | (6) |
Additions | 0 | 0 |
Settlements | 0 | (50) |
Ending Balance | 607 | 655 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 0 | 0 |
Debt securities available-for-sale | Other | ||
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 2,500 | 1,000 |
Gains (Losses) included in earnings | (500) | 0 |
Gains (losses) included in OCI | 0 | 0 |
Additions | 0 | 0 |
Settlements | 0 | 0 |
Ending Balance | 2,000 | 1,000 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | (500) | 0 |
Trading account debt securities | CMO | ||
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 5 | 113 |
Gains (Losses) included in earnings | 0 | 0 |
Gains (losses) included in OCI | 0 | 0 |
Additions | 0 | 0 |
Settlements | (5) | (25) |
Ending Balance | 0 | 88 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 0 | 0 |
Trading account debt securities | Mortgage Backed Securities - federal agencies | ||
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 112 | 215 |
Gains (Losses) included in earnings | 0 | (1) |
Gains (losses) included in OCI | 0 | 0 |
Additions | 0 | 0 |
Settlements | (28) | (26) |
Ending Balance | 84 | 188 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 0 | 0 |
Trading account debt securities | Other | ||
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 167 | 207 |
Gains (Losses) included in earnings | (1) | (8) |
Gains (losses) included in OCI | 0 | 0 |
Additions | 0 | 0 |
Settlements | 0 | 0 |
Ending Balance | 166 | 199 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 2 | 9 |
Mortgage Servicing Rights | ||
Assets, Fair Value Disclosure [Abstract] | ||
Beginning Balance | 118,109 | 128,350 |
Gains (Losses) included in earnings | (3,439) | (1,376) |
Gains (losses) included in OCI | 0 | 0 |
Additions | 294 | 501 |
Settlements | 0 | 0 |
Ending Balance | 114,964 | 127,475 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | $ (1,202) | $ 1,286 |
Fair value measurement - Gains
Fair value measurement - Gains and losses (realized and unrealized) included in earnings for level 3 assets and liabilities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract | ||
Gain (loss) included in earnings | $ (3,940) | $ (1,385) |
Changes in unrealized gains (losses) included in earnings relating to assets still held | (1,700) | 1,295 |
Mortgage banking activities | ||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract | ||
Gain (loss) included in earnings | (3,439) | (1,376) |
Changes in unrealized gains (losses) included in earnings relating to assets still held | (1,202) | 1,286 |
Trading account (loss) profit | ||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract | ||
Gain (loss) included in earnings | (1) | (9) |
Changes in unrealized gains (losses) included in earnings relating to assets still held | 2 | 9 |
Provision for credit losses | ||
Fair Value Assets And Liabilities Measured On Recurring Basis Unobservable Input Reconciliation Abstract | ||
Gain (loss) included in earnings | (500) | 0 |
Changes in unrealized gains (losses) included in earnings relating to assets still held | $ (500) | $ 0 |
Fair value measurement - Quanti
Fair value measurement - Quantitative inputs level 3 (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Recurring | |||
Assets | |||
Trading Securities Debt | $ 27,303 | $ 31,568 | |
Recurring | CMO | |||
Assets | |||
Trading Securities Debt | 90 | 98 | |
Recurring | Other | |||
Assets | |||
Trading Securities Debt | 166 | 167 | |
Recurring | Level 3 | |||
Assets | |||
Trading Securities Debt | 250 | 284 | |
Recurring | Level 3 | CMO | |||
Assets | |||
Trading Securities Debt | 0 | $ 88 | 5 |
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Minimum | |||
Unobservable inputs | |||
Weighted average life (in years) | 1 month 6 days | ||
Yield | 4.90% | ||
Weighted average prepayment speed (annual rate) | 8.30% | ||
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Maximum | |||
Unobservable inputs | |||
Weighted average life (in years) | 6 months | ||
Yield | 5.40% | ||
Weighted average prepayment speed (annual rate) | 27.80% | ||
Recurring | Level 3 | CMO | Trading account debt securities | Discounted cash flow approach | Weighted Average | |||
Unobservable inputs | |||
Weighted average life (in years) | 3 months 18 days | ||
Yield | 4.90% | ||
Weighted average prepayment speed (annual rate) | 9.20% | ||
Recurring | Level 3 | Other | |||
Assets | |||
Trading Securities Debt | $ 166 | $ 199 | $ 167 |
Recurring | Level 3 | Other | Trading account debt securities | Discounted cash flow approach | Weighted Average | |||
Unobservable inputs | |||
Weighted average life (in years) | 2 years 3 months 18 days | 2 years 6 months | |
Yield | 12% | 12% | |
Weighted average prepayment speed (annual rate) | 10.80% | 10.80% | |
Nonrecurring | Level 3 | Loans held in portfolio | |||
Assets | |||
Loans | $ 110 | $ 1,560 | |
Nonrecurring | Level 3 | Loans held in portfolio | Valuation Technique External Appraisal | Weighted Average | |||
Unobservable inputs | |||
Haircut applied on external appraisal | 10% | 35% |
Fair value measurement - Additi
Fair value measurement - Additional Information (Details) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Loans held for sale 90 days or more | $ 0 | $ 0 |
Fair value of financial instr_3
Fair value of financial instruments - Carrying or notional amounts and estimated fair values for financial instruments (Details) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Financial Assets: | ||||
Cash and due from banks | $ 320,486,000 | $ 420,462,000 | ||
Money market investments | 5,928,578,000 | 6,998,871,000 | ||
Debt securities available-for-sale | 18,017,424,000 | 16,729,044,000 | ||
Debt securities held-to-maturity | 8,077,429,000 | 8,188,555,000 | ||
Equity securities: | ||||
Equity securities, at lower of cost or realizable value | 195,747,000 | 193,726,000 | ||
Loans held in portfolio | 34,379,194,000 | 34,335,630,000 | ||
Mortgage servicing rights | 114,964,000 | 118,109,000 | $ 127,475,000 | $ 128,350,000 |
Deposits | ||||
Time deposits | 8,755,072,000 | 8,501,892,000 | ||
Deposits | 63,808,784,000 | 63,618,243,000 | ||
Assets sold under agreements to repurchase | 66,090,000 | 91,384,000 | ||
Other short-term borrowings | 0 | 0 | ||
Notes payable: | ||||
Notes payable | 966,303,000 | 986,948,000 | ||
US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities available-for-sale | 12,289,211,000 | 10,747,061,000 | ||
Debt securities held-to-maturity | 8,013,952,000 | 8,121,411,000 | ||
Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 55,981,000 | 59,628,000 | ||
Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities available-for-sale | 127,608,000 | 134,686,000 | ||
Debt securities held-to-maturity | 1,536,000 | 1,556,000 | ||
Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 5,960,000 | 5,960,000 | ||
Other | ||||
Financial Assets: | ||||
Debt securities available-for-sale | 2,005,000 | 2,511,000 | ||
Carrying amount | ||||
Financial Assets: | ||||
Cash and due from banks | 320,486,000 | 420,462,000 | ||
Money market investments | 5,928,578,000 | 6,998,871,000 | ||
Trading account debt securities, excluding derivatives | 27,303,000 | 31,568,000 | ||
Debt securities available-for-sale | 18,017,424,000 | 16,729,044,000 | ||
Debt securities held-to-maturity | 8,077,429,000 | 8,188,555,000 | ||
Equity securities: | ||||
FHLB stock | 48,604,000 | 49,549,000 | ||
FRB stock | 99,920,000 | 98,948,000 | ||
Other investments | 47,223,000 | 45,229,000 | ||
Equity securities, at lower of cost or realizable value | 195,747,000 | 193,726,000 | ||
Loans held-for-sale | 5,352,000 | 4,301,000 | ||
Loans held in portfolio | 34,379,194,000 | 34,335,630,000 | ||
Mortgage servicing rights | 114,964,000 | 118,109,000 | ||
Derivatives | 24,045,000 | 24,419,000 | ||
Deposits | ||||
Demand deposits | 55,053,712,000 | 55,116,351,000 | ||
Time deposits | 8,755,072,000 | 8,501,892,000 | ||
Deposits | 63,808,784,000 | 63,618,243,000 | ||
Assets sold under agreements to repurchase | 66,090,000 | 91,384,000 | ||
Notes payable: | ||||
FHLB advances | 373,665,000 | 394,665,000 | ||
Unsecured senior debt securities | 394,285,000 | 393,937,000 | ||
Junior subordinated deferrable interest debentures (related to trust preferred securities) | 198,353,000 | 198,346,000 | ||
Notes payable | 966,303,000 | 986,948,000 | ||
Derivatives | 21,784,000 | 21,103,000 | ||
Carrying amount | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 8,013,952,000 | 8,121,411,000 | ||
Carrying amount | Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 55,981,000 | 59,628,000 | ||
Carrying amount | Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 1,536,000 | 1,556,000 | ||
Carrying amount | Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 5,960,000 | 5,960,000 | ||
Fair Value | ||||
Financial Assets: | ||||
Cash and due from banks | 320,486,000 | 420,462,000 | ||
Money market investments | 5,928,578,000 | 6,998,871,000 | ||
Trading account debt securities, excluding derivatives | 27,303,000 | 31,568,000 | ||
Debt securities available-for-sale | 18,017,424,000 | 16,729,044,000 | ||
Debt securities held-to-maturity | 7,958,326,000 | 8,159,385,000 | ||
Equity securities: | ||||
FHLB stock | 48,604,000 | 49,549,000 | ||
FRB stock | 99,920,000 | 98,948,000 | ||
Other investments | 47,800,000 | 46,144,000 | ||
Equity securities, at lower of cost or realizable value | 196,324,000 | 194,641,000 | ||
Loans held-for-sale | 5,532,000 | 4,328,000 | ||
Loans held in portfolio | 33,249,195,000 | 33,376,255,000 | ||
Mortgage servicing rights | 114,964,000 | 118,109,000 | ||
Derivatives | 24,045,000 | 24,419,000 | ||
Deposits | ||||
Demand deposits | 55,053,712,000 | 55,116,351,000 | ||
Time deposits | 8,430,548,000 | 8,154,823,000 | ||
Deposits | 63,484,260,000 | 63,271,174,000 | ||
Assets sold under agreements to repurchase | 66,088,000 | 91,386,000 | ||
Notes payable: | ||||
FHLB advances | 358,046,000 | 377,851,000 | ||
Unsecured senior debt securities | 410,228,000 | 400,848,000 | ||
Junior subordinated deferrable interest debentures (related to trust preferred securities) | 187,383,000 | 180,076,000 | ||
Notes payable | 955,657,000 | 958,775,000 | ||
Derivatives | 21,784,000 | 21,103,000 | ||
Fair Value | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 7,894,800,000 | 8,092,339,000 | ||
Fair Value | Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 56,202,000 | 59,678,000 | ||
Fair Value | Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 1,364,000 | 1,408,000 | ||
Fair Value | Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 5,960,000 | 5,960,000 | ||
Fair Value | Level 1 | ||||
Financial Assets: | ||||
Cash and due from banks | 320,486,000 | 420,462,000 | ||
Money market investments | 5,920,785,000 | 6,991,758,000 | ||
Trading account debt securities, excluding derivatives | 8,316,000 | 16,859,000 | ||
Debt securities available-for-sale | 6,262,480,000 | 3,936,036,000 | ||
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 | ||
Notes payable: | ||||
FHLB advances | 0 | 0 | ||
Unsecured senior debt securities | 0 | 0 | ||
Junior subordinated deferrable interest debentures (related to trust preferred securities) | 0 | 0 | ||
Notes payable | 0 | 0 | ||
Derivatives | 0 | 0 | ||
Fair Value | Level 1 | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | Level 1 | Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | Level 1 | Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | Level 1 | Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | Level 2 | ||||
Financial Assets: | ||||
Cash and due from banks | 0 | 0 | ||
Money market investments | 7,793,000 | 7,113,000 | ||
Trading account debt securities, excluding derivatives | 18,737,000 | 14,425,000 | ||
Debt securities available-for-sale | 11,752,337,000 | 12,789,902,000 | ||
Debt securities held-to-maturity | 7,909,042,000 | 8,106,701,000 | ||
Equity securities: | ||||
FHLB stock | 48,604,000 | 49,549,000 | ||
FRB stock | 99,920,000 | 98,948,000 | ||
Other investments | 40,933,000 | 37,965,000 | ||
Equity securities, at lower of cost or realizable value | 189,457,000 | 186,462,000 | ||
Loans held-for-sale | 5,532,000 | 4,328,000 | ||
Loans held in portfolio | 0 | 0 | ||
Mortgage servicing rights | 0 | 0 | ||
Derivatives | 24,045,000 | 24,419,000 | ||
Deposits | ||||
Demand deposits | 55,053,712,000 | 55,116,351,000 | ||
Time deposits | 8,430,548,000 | 8,154,823,000 | ||
Deposits | 63,484,260,000 | 63,271,174,000 | ||
Assets sold under agreements to repurchase | 66,088,000 | 91,386,000 | ||
Notes payable: | ||||
FHLB advances | 358,046,000 | 377,851,000 | ||
Unsecured senior debt securities | 410,228,000 | 400,848,000 | ||
Junior subordinated deferrable interest debentures (related to trust preferred securities) | 187,383,000 | 180,076,000 | ||
Notes payable | 955,657,000 | 958,775,000 | ||
Derivatives | 21,784,000 | 21,103,000 | ||
Fair Value | Level 2 | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 7,894,800,000 | 8,092,339,000 | ||
Fair Value | Level 2 | Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 6,918,000 | 7,007,000 | ||
Fair Value | Level 2 | Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 1,364,000 | 1,395,000 | ||
Fair Value | Level 2 | Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 5,960,000 | 5,960,000 | ||
Fair Value | Level 3 | ||||
Financial Assets: | ||||
Cash and due from banks | 0 | 0 | ||
Money market investments | 0 | 0 | ||
Trading account debt securities, excluding derivatives | 250,000 | 284,000 | ||
Debt securities available-for-sale | 2,607,000 | 3,106,000 | ||
Debt securities held-to-maturity | 49,284,000 | 52,684,000 | ||
Equity securities: | ||||
FHLB stock | 0 | 0 | ||
FRB stock | 0 | 0 | ||
Other investments | 6,531,000 | 7,869,000 | ||
Equity securities, at lower of cost or realizable value | 6,531,000 | 7,869,000 | ||
Loans held-for-sale | 0 | 0 | ||
Loans held in portfolio | 33,249,195,000 | 33,376,255,000 | ||
Mortgage servicing rights | 114,964,000 | 118,109,000 | ||
Derivatives | 0 | 0 | ||
Deposits | ||||
Demand deposits | 0 | 0 | ||
Time deposits | 0 | 0 | ||
Deposits | 0 | 0 | ||
Assets sold under agreements to repurchase | 0 | 0 | ||
Notes payable: | ||||
FHLB advances | 0 | 0 | ||
Unsecured senior debt securities | 0 | 0 | ||
Junior subordinated deferrable interest debentures (related to trust preferred securities) | 0 | 0 | ||
Notes payable | 0 | 0 | ||
Derivatives | 0 | 0 | ||
Fair Value | Level 3 | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | Level 3 | Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 49,284,000 | 52,671,000 | ||
Fair Value | Level 3 | Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 13,000 | ||
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 | 336,000 | 310,000 | ||
Equity securities, at lower of cost or realizable value | 336,000 | 310,000 | ||
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 | ||
Notes payable: | ||||
FHLB advances | 0 | 0 | ||
Unsecured senior debt securities | 0 | 0 | ||
Junior subordinated deferrable interest debentures (related to trust preferred securities) | 0 | 0 | ||
Notes payable | 0 | 0 | ||
Derivatives | 0 | 0 | ||
Fair Value | NAV | US Treasury Securities | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | NAV | Obligations of Puerto Rico, States and political subdivisions | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | NAV | Collateralized Mortgage Obligations - Federal agencies | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | 0 | 0 | ||
Fair Value | NAV | Securities in wholly owned statutory business trusts | ||||
Financial Assets: | ||||
Debt securities held-to-maturity | $ 0 | $ 0 |
Fair Value of financial instr_4
Fair Value of financial instruments- Additional Information (Details) - USD ($) $ in Millions | Mar. 31, 2024 | Dec. 31, 2023 |
Letter Of Credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fair Value Disclosure Off balance Sheet Risks Face Amount Asset | $ 117 | $ 82 |
Commitments to extend credit | ||
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items] | ||
Fair Value Disclosure Off balance Sheet Risks Face Amount Asset | $ 11,000 | $ 10,000 |
Net income per common share - C
Net income per common share - Computation of net income (loss) per common share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Earnings Per Share | ||
Net income | $ 103,283 | $ 158,979 |
Preferred stock dividends | (353) | (353) |
Net income applicable to common stock | $ 102,930 | $ 158,626 |
Average common shares outstanding | 71,869,735 | 71,541,778 |
Average potential dilutive common shares | 97,068 | 64,418 |
Average common shares outstanding - assuming dilution | 71,966,803 | 71,606,196 |
Basic EPS | $ 1.43 | $ 2.22 |
Diluted EPS | $ 1.43 | $ 2.22 |
Revenue from contracts with c_3
Revenue from contracts with customers - Revenue streams (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Service charges on deposit accounts | ||
Revenue from contract with customer | $ 37,442 | $ 34,678 |
BPPR | ||
Revenue from contract with customer | 109,833 | 104,526 |
BPPR | Service charges on deposit accounts | ||
Revenue from contract with customer | 35,016 | 32,152 |
BPPR | Debit card fees | ||
Revenue from contract with customer | 14,049 | 12,948 |
BPPR | Insurance fees, excluding reinsurance | ||
Revenue from contract with customer | 10,556 | 10,798 |
BPPR | Credit card fees excluding late fees and membership fees | ||
Revenue from contract with customer | 35,800 | 36,174 |
BPPR | Sale and administration of investment products | ||
Revenue from contract with customer | 7,427 | 6,558 |
BPPR | Trust fees | ||
Revenue from contract with customer | 6,985 | 5,896 |
Popular U.S. | ||
Revenue from contract with customer | 4,929 | 4,630 |
Popular U.S. | Service charges on deposit accounts | ||
Revenue from contract with customer | 2,426 | 2,526 |
Popular U.S. | Debit card fees | ||
Revenue from contract with customer | 199 | 218 |
Popular U.S. | Insurance fees, excluding reinsurance | ||
Revenue from contract with customer | 1,846 | 1,307 |
Popular U.S. | Credit card fees excluding late fees and membership fees | ||
Revenue from contract with customer | 458 | 579 |
Popular U.S. | Sale and administration of investment products | ||
Revenue from contract with customer | 0 | 0 |
Popular U.S. | Trust fees | ||
Revenue from contract with customer | $ 0 | $ 0 |
Revenue from contracts with c_4
Revenue from contracts with customers - Revenue streams - Parenthetical (Details) - USD ($) $ in Millions | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Intersegment Transaction | ||
Revenue From Contract With Customer Excluding Assessed Tax | $ 0.6 | $ 1.6 |
Leases - Future minimum payment
Leases - Future minimum payments (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Operating lease liabilities | ||
Operating leases - 2024 | $ 23,167 | |
Operating leases - 2025 | 28,327 | |
Operating leases - 2026 | 19,932 | |
Operating leases - 2027 | 14,531 | |
Operating leases - 2028 | 12,074 | |
Operating leases - later years | 40,740 | |
Operating leases - Total | 138,771 | |
Less: Imputed interest | (17,438) | |
Operating lease liabilities | 121,333 | $ 126,946 |
Finance lease liabilities | ||
Finance leases - 2024 | 3,380 | |
Finance leases - 2025 | 4,605 | |
Finance leases - 2026 | 4,374 | |
Finance leases - 2027 | 3,017 | |
Finance leases - 2028 | 2,344 | |
Finance leases - later years | 10,434 | |
Finance leases - Total | 28,154 | |
Less: imputed interest | (3,257) | |
Finance lease liabilities | $ 24,897 | $ 25,778 |
Leases - Lease cost (Details)
Leases - Lease cost (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Lease Cost [Abstract] | ||
Amortization of ROU assets | $ 748 | $ 824 |
Interest on lease liabilities | 237 | 296 |
Operating lease cost | 7,688 | 7,854 |
Short-term lease cost | 116 | 73 |
Variable lease cost | 69 | 56 |
Sublease Income | (20) | (9) |
Total lease cost | $ 8,838 | $ 9,094 |
Leases - Supplemental cash flow
Leases - Supplemental cash flow information and other related information (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Leases [Abstract] | ||
Operating cash flows from operating leases | $ 7,771 | $ 7,754 |
Operating cash flows from finance leases | 237 | 296 |
Financing cash flows from finance leases | 881 | 804 |
ROU assets obtained in exchange for new lease obligations - Operating leases | 1,127 | 967 |
ROU assets obtained in exchange for new lease obligations - Finance leases | $ 0 | $ 1,796 |
Weighted average remaining lease term - Operating leases | 7 years 2 months 12 days | 7 years 3 months 18 days |
Weighted average remaining lease term - Finance leases | 8 years 2 months 12 days | 8 years 2 months 12 days |
Weighted average discount rate - Operating leases | 3.30% | 3% |
Weighted average discount rate - Finance leases | 3.80% | 4.10% |
Leases - Additional Information
Leases - Additional Information (Details) $ in Millions | 3 Months Ended |
Mar. 31, 2024 USD ($) | |
Leases [Abstract] | |
Undiscounted contract amount operating leases not yet commenced | $ 3.9 |
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 | 30 years 9 months 18 days |
Lessee remaining lease renewal term | 20 years |
Operating lease contract not yet commenced | 20 years |
Pension and postretirement be_3
Pension and postretirement benefits - Components of net periodic benefit cost (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Pension Plans | ||
Personnel costs: | ||
Service cost | $ 0 | $ 0 |
Other operating expenses | ||
Interest cost | 7,558 | 7,887 |
Expected return on plan assets | (8,594) | (8,591) |
Amortization of prior service cost/(credit) | 0 | 0 |
Amortization of net loss | 4,166 | 5,366 |
Total net periodic pension cost | 3,130 | 4,662 |
OPEB Plan | ||
Personnel costs: | ||
Service cost | 32 | 48 |
Other operating expenses | ||
Interest cost | 1,421 | 1,520 |
Expected return on plan assets | 0 | 0 |
Amortization of prior service cost/(credit) | 0 | 0 |
Amortization of net loss | (548) | (553) |
Total net periodic pension cost | $ 905 | $ 1,015 |
Pension and postretirement be_4
Pension and postretirement benefits - Contributions to the benefit plans (Details) $ in Thousands | 3 Months Ended |
Mar. 31, 2024 USD ($) | |
Pension Plans | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
Employer contribution | $ 57 |
Expected future employer contribution current year | 228 |
OPEB Plan | |
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | |
Employer contribution | 1,597 |
Expected future employer contribution current year | $ 5,744 |
Stock-based compensation - Summ
Stock-based compensation - Summary of incentive plan for members of management (Details) - Performance Based Shares - $ / shares | 3 Months Ended | 12 Months Ended |
Mar. 31, 2024 | Dec. 31, 2023 | |
Restricted Stock | ||
Non-vested at beginning of period | 299,896 | 281,963 |
Granted | 143,084 | 257,757 |
Performance Shares Quantity Adjustment | 33,858 | 19,753 |
Vested | (185,177) | (243,133) |
Forfeited | 411 | (16,444) |
Non-vested at end of period | 292,072 | 299,896 |
Weighted-Average Grant Date Fair Value | ||
Non-vested at beginning of period | $ 58.20 | $ 56.50 |
Granted | 85.57 | 66.01 |
Performance Shares Quantity Adjustment | 88.92 | 75.32 |
Vested | 79.81 | 66.31 |
Forfeited | 69.92 | 55.82 |
Non-vested at end of period | $ 61.48 | $ 58.20 |
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 | 12 Months Ended |
Mar. 31, 2024 | Dec. 31, 2023 | |
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 |
Granted | 1,195 | 39,104 |
Vested | (1,195) | (39,104) |
Forfeited | 0 | 0 |
Non-vested at end of period | 0 | 0 |
Weighted-Average Grant Date Fair Value | ||
Non-vested at beginning of period | $ 0 | $ 0 |
Granted | 82.08 | 55.30 |
Vested | 82.08 | 55.30 |
Forfeited | 0 | 0 |
Non-vested at end of period | $ 0 | $ 0 |
Stock-based compensation - Addi
Stock-based compensation - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Directors | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Stock granted | 1,195 | 39,104 | |
Restricted Stock Units (RSUs) | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Stock-Based Compensation, vesting rights | Unless otherwise stated in an agreement, the compensation cost associated with the shares of restricted stock granted prior to 2021 was determined based on a two-prong vesting schedule. The first part is vested ratably over five or four years commencing at the date of grant (“the graduated vesting portion”) and the second part is vested at termination of employment after attainment of 55 years of age and 10 years of service or 60 years of age and 5 years of service (“the retirement vesting portion”). The graduated vesting portion is accelerated at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service. Restricted stock granted on or after 2021 will vest ratably in equal annual installments over a period of 4 years or 3 years, depending on the classification of the employee. The vesting schedule is accelerated at termination of employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service. | ||
Restricted Stock Units (RSUs) | Executive Officers | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Stock granted | 77,859 | 69,488 | |
Restricted Stock Expense (Benefit) | $ 6,400 | $ 4,400 | |
Incentive award, tax benefit (expense) | 600 | $ 300 | |
Fair Market Value of stock vested | 13,200 | ||
Windfall Net Of Shortfall | 1,400 | ||
Restricted Stock Units (RSUs) | Executive Officers | Share Vesting On Grant Date | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Fair Market Value of stock vested | $ 9,500 | ||
Restricted Stock Units (RSUs) | Directors | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Stock granted | 1,195 | 1,029 | |
Restricted Stock Expense (Benefit) | $ 98 | $ 67 | |
Incentive award, tax benefit (expense) | 18 | $ 13 | |
Fair Market Value of stock vested | $ 98 | ||
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% | ||
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% | ||
Performance Based Shares | Executive Officers | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management | $ 11,400 | ||
Stock granted | 65,225 | 57,715 | |
Restricted Stock Expense (Benefit) | $ 5,000 | $ 3,600 | |
Incentive award, tax benefit (expense) | $ 300 | $ 100 | |
Stock-Based Compensation, vesting rights | The number of shares that will ultimately vest ranges from 50% to a 150% of target based on both market (TSR) and performance (ROATCE) conditions. The performance shares vest at the end of the three-year performance cycle. If a participant terminates employment after attaining the earlier of 55 years of age and 10 years of service or 60 years of age and 5 years of service, the performance shares shall continue outstanding and vest at the end of the performance cycle. | ||
Performance Based Shares | Executive Officers | Weighted Average | |||
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items] | |||
Total unrecognized compensation cost related to non-vested restricted stock awards and performance shares to members of management, period of recognition (in years) | 1 year 9 months 14 days |
Income taxes - Differences betw
Income taxes - Differences between income tax expense (benefit) in Puerto Rico (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Income taxes | ||
Income tax expense | $ 55,568 | $ 46,314 |
PR | ||
Income taxes | ||
Computed income tax at statutory rates | 59,569 | 76,985 |
Net benefit of tax exempt interest income | (28,759) | (21,902) |
Effect of income subject to preferential tax rate | (1,420) | (855) |
Deferred tax asset valuation allowance | 2,563 | (4,565) |
Difference in tax rates due to multiple jurisdictions | (673) | (5,169) |
Tax on intercompany distributions | 24,325 | 0 |
U.S., State and local taxes | 1,036 | 3,355 |
Others | (1,073) | (1,535) |
Income tax expense | $ 55,568 | $ 46,314 |
% of pre-tax income | ||
Computed income tax at statutory rates | 38% | 38% |
Net benefit of tax exempt interest income | (18.00%) | (11.00%) |
Effect of income subject to preferential tax rate | (1.00%) | 0% |
Deferred tax asset valuation allowance | 1% | (2.00%) |
Difference in tax rates due to multiple jurisdictions | 0% | (3.00%) |
Tax on intercompany distributions | 16% | 0% |
U.S., State and local taxes | 0% | 2% |
Others | (1.00%) | (1.00%) |
Income tax expense | 35% | 23% |
Income taxes - Differences be_2
Income taxes - Differences between income tax expense (benefit) in Puerto Rico - subnote (Details) $ in Millions | 3 Months Ended |
Mar. 31, 2024 USD ($) | |
Reconciliation of Statutory Federal Tax Rate [Line Items] | |
Income tax credits and adjustments | $ 22.9 |
Revision Of Prior Period Error Correction Adjustment [Member] | |
Reconciliation of Statutory Federal Tax Rate [Line Items] | |
Income tax credits and adjustments | $ 16.5 |
Income taxes - Components of de
Income taxes - Components of deferred tax assets and liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Deferred tax assets: | ||
Tax credits available for carryforward | $ 11,012 | $ 10,544 |
Net operating loss and other carryforward available | 673,309 | 743,616 |
Postretirement and pension benefits | 37,314 | 38,121 |
Allowance for credit losses | 276,432 | 273,178 |
Depreciation | 13,425 | 13,352 |
FDIC-assisted transaction | 152,665 | 152,665 |
Lease liability | 47,552 | 49,562 |
Unrealized net loss on investment securities | 329,597 | 331,620 |
Difference in outside basis from pass-through entities | 44,008 | 46,056 |
Mortgage servicing rights | 14,378 | 14,085 |
Other temporary differences | 59,641 | 57,304 |
Total gross deferred tax assets | 1,659,333 | 1,730,103 |
Deferred tax liabilities: | ||
Intangibles | 138,279 | 136,579 |
Right of use assets | 42,779 | 44,678 |
Deferred loan origination fees/cost | 1,262 | 430 |
Loans acquired | 19,703 | 20,430 |
Other temporary differences | 7,276 | 6,824 |
Total gross deferred tax liabilities | 209,299 | 208,941 |
Valuation allowance | 450,290 | 513,382 |
Net deferred tax asset | 999,744 | 1,007,780 |
PR | ||
Deferred tax assets: | ||
Tax credits available for carryforward | 263 | 263 |
Net operating loss and other carryforward available | 53,852 | 122,634 |
Postretirement and pension benefits | 37,314 | 38,121 |
Allowance for credit losses | 246,566 | 244,956 |
Depreciation | 6,774 | 6,774 |
FDIC-assisted transaction | 152,665 | 152,665 |
Lease liability | 28,280 | 29,070 |
Unrealized net loss on investment securities | 309,191 | 312,583 |
Difference in outside basis from pass-through entities | 44,008 | 46,056 |
Mortgage servicing rights | 14,378 | 14,085 |
Other temporary differences | 49,600 | 47,679 |
Total gross deferred tax assets | 942,891 | 1,014,886 |
Deferred tax liabilities: | ||
Intangibles | 85,564 | 84,635 |
Right of use assets | 25,839 | 26,648 |
Deferred loan origination fees/cost | (823) | (1,056) |
Loans acquired | 19,703 | 20,430 |
Other temporary differences | 6,854 | 6,402 |
Total gross deferred tax liabilities | 137,137 | 137,059 |
Valuation allowance | 71,380 | 139,347 |
Net deferred tax asset | 734,374 | 738,480 |
US | ||
Deferred tax assets: | ||
Tax credits available for carryforward | 10,749 | 10,281 |
Net operating loss and other carryforward available | 619,457 | 620,982 |
Postretirement and pension benefits | 0 | 0 |
Allowance for credit losses | 29,866 | 28,222 |
Depreciation | 6,651 | 6,578 |
FDIC-assisted transaction | 0 | 0 |
Lease liability | 19,272 | 20,492 |
Unrealized net loss on investment securities | 20,406 | 19,037 |
Difference in outside basis from pass-through entities | 0 | 0 |
Mortgage servicing rights | 0 | 0 |
Other temporary differences | 10,041 | 9,625 |
Total gross deferred tax assets | 716,442 | 715,217 |
Deferred tax liabilities: | ||
Intangibles | 52,715 | 51,944 |
Right of use assets | 16,940 | 18,030 |
Deferred loan origination fees/cost | 2,085 | 1,486 |
Loans acquired | 0 | 0 |
Other temporary differences | 422 | 422 |
Total gross deferred tax liabilities | 72,162 | 71,882 |
Valuation allowance | 378,910 | 374,035 |
Net deferred tax asset | $ 265,370 | $ 269,300 |
Income taxes - Reconciliation o
Income taxes - Reconciliation of unrecognized tax benefits (Details) - USD ($) $ in Millions | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 |
Income Tax Disclosure | |||
Beginning Balance | $ 1.5 | $ 2.5 | $ 2.5 |
Ending Balance | $ 1.5 | $ 1.5 | $ 2.5 |
Income taxes - Additional Infor
Income taxes - Additional Information (Details) - USD ($) | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Income Taxes | |||
Valuation allowance | $ 450,290,000 | $ 513,382,000 | |
Net deferred tax assets (net of valuation allowance) | 1,001,093,000 | 1,009,068,000 | |
Net deferred tax asset | 999,744,000 | 1,007,780,000 | |
Unrecognized tax benefits, accrued interest | 2,300,000 | 2,300,000 | |
Accrual for the payment of penalties | 0 | 0 | |
Total amount of unrecognized tax benefits, that if recognized, would affect effective tax rate | 2,900,000 | 2,900,000 | |
Income tax expense | 55,568,000 | $ 46,314,000 | |
Interest expense recognized | 30,000 | 56,000 | |
Income tax credits and adjustments | 22,900,000 | ||
Dividends paid | 44,976,000 | 39,878,000 | |
Prior period correction adjustment | |||
Income Taxes | |||
Income tax credits and adjustments | 16,500,000 | ||
Prior period correction adjustment | Tax Year 2023 | |||
Income Taxes | |||
Income tax expense | 5,500,000 | ||
Income tax credits and adjustments | 5,500,000 | ||
Prior period correction adjustment | Tax Year 2022 | |||
Income Taxes | |||
Income tax expense | 5,400,000 | ||
Income tax credits and adjustments | 5,400,000 | ||
Prior period correction adjustment | Prior to tax year 2022 | |||
Income Taxes | |||
Income tax expense | 5,600,000 | ||
Income tax credits and adjustments | 5,600,000 | ||
US federal taxes and Puerto Rico taxes | |||
Income Taxes | |||
Income tax credits and adjustments | 6,500,000 | ||
Dividends paid | 50,000,000 | ||
Other assets | |||
Income Taxes | |||
Net deferred tax assets (net of valuation allowance) | 1,000,000,000 | 1,000,000,000 | |
Other liabilities | |||
Income Taxes | |||
Net deferred tax liabilities | 1,300,000 | 1,300,000 | |
BHC | Prior period correction adjustment | |||
Income Taxes | |||
Deferred tax asset valuation allowance | 53,700,000 | ||
PR | |||
Income Taxes | |||
Valuation allowance | 71,380,000 | 139,347,000 | |
Net deferred tax asset | 734,374,000 | 738,480,000 | |
Income tax expense | 55,568,000 | 46,314,000 | |
Deferred tax asset valuation allowance | 2,563,000 | $ (4,565,000) | |
US | |||
Income Taxes | |||
Valuation allowance | 378,910,000 | 374,035,000 | |
Net deferred tax asset | 265,370,000 | $ 269,300,000 | |
Deferred Tax Assets | $ 644,000,000 |
Supplemental disclosure on th_3
Supplemental disclosure on the consolidated statments of cash flows - Non-cash activities (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Non-cash activities: | ||
Loans transferred to other real estate | $ 16,133 | $ 18,367 |
Loans transferred to other property | 20,224 | 17,343 |
Total loans transferred to foreclosed assets | 36,357 | 35,710 |
Loans transfered to other assets | 13,464 | 2,778 |
Financed sales of other real estate assets | 2,725 | 3,203 |
Financed sales of other foreclosed assets | 13,689 | 13,232 |
Total financed sales of foreclosed assets | 16,414 | 16,435 |
Financed sale of premises and equipment | 22,495 | 14,105 |
Transfers from loans held-in-portfolio to loans held-for-sale | 2,763 | 2,475 |
Transfers from loans held-for-sale to loans held-in-portfolio | 1,722 | 1,500 |
Loans securitized into investment securities | 2,205 | 10,966 |
Trades receivables from brokers and counterparties | 45 | 10,307 |
Trades payable to brokers and counterparties | 45 | 402 |
Net change in receivables from investments maturities | 125,000 | 99,620 |
Recognition of mortgage servicing rights on securitizations or asset transfers | 294 | 501 |
Loans booked under the GNMA buy-back option | 2,181 | 855 |
Capitalization of right of use asset | $ 1,152 | $ 2,699 |
Supplemental disclosure on th_4
Supplemental disclosure on the consolidated statments of cash flows - Cash and due from banks, and restricted cash (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Supplemental Cash Flow Information | ||||
Cash and due from banks | $ 305,869 | $ 427,160 | ||
Restricted cash and due from banks | 14,617 | 34,853 | ||
Restricted cash in money market investments | 7,793 | 7,173 | ||
Total cash and due from banks, and restricted cash | $ 328,279 | $ 427,575 | $ 469,186 | $ 476,159 |
Segment reporting - Results of
Segment reporting - Results of Operations (Details) - USD ($) $ in Thousands | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | $ 550,744 | $ 531,656 | |
Provision for credit losses (benefit) | 72,598 | 47,637 | |
Non-interest Income | 163,818 | 161,961 | |
Amortization of intangibles | 795 | 795 | |
Depreciation expense | 15,361 | 13,842 | |
Other operating expenses | 466,957 | 426,050 | |
Income tax expense (benefit) | 55,568 | 46,314 | |
Net income (loss) | 103,283 | 158,979 | |
Segment assets | 70,936,939 | 67,675,759 | $ 70,758,155 |
Reportable Segment | |||
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | 557,694 | 539,907 | |
Provision for credit losses (benefit) | 72,115 | 47,773 | |
Non-interest Income | 152,733 | 153,719 | |
Amortization of intangibles | 795 | 795 | |
Depreciation expense | 14,952 | 13,483 | |
Other operating expenses | 461,537 | 426,896 | |
Income tax expense (benefit) | 32,662 | 46,808 | |
Net income (loss) | 128,366 | 157,871 | |
Segment assets | 70,577,316 | 67,376,464 | |
Reportable Segment | Banco Popular de Puerto Rico | |||
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | 472,841 | 449,820 | |
Provision for credit losses (benefit) | 60,680 | 45,708 | |
Non-interest Income | 145,669 | 147,471 | |
Amortization of intangibles | 484 | 484 | |
Depreciation expense | 13,009 | 11,669 | |
Other operating expenses | 393,805 | 363,715 | |
Income tax expense (benefit) | 29,206 | 42,832 | |
Net income (loss) | 121,326 | 132,883 | |
Segment assets | 57,250,662 | 55,770,442 | |
Reportable Segment | PB | |||
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | 84,853 | 90,086 | |
Provision for credit losses (benefit) | 11,435 | 2,065 | |
Non-interest Income | 7,120 | 6,384 | |
Amortization of intangibles | 311 | 311 | |
Depreciation expense | 1,943 | 1,814 | |
Other operating expenses | 67,788 | 63,317 | |
Income tax expense (benefit) | 3,456 | 3,976 | |
Net income (loss) | 7,040 | 24,987 | |
Segment assets | 13,686,037 | 12,147,556 | |
Intersegment Elimination | |||
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | 0 | 1 | |
Provision for credit losses (benefit) | 0 | 0 | |
Non-interest Income | (56) | (136) | |
Amortization of intangibles | 0 | 0 | |
Depreciation expense | 0 | 0 | |
Other operating expenses | (56) | (136) | |
Income tax expense (benefit) | 0 | 0 | |
Net income (loss) | 0 | 1 | |
Segment assets | (359,383) | (541,534) | |
Corporate | |||
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | (6,950) | (8,251) | |
Provision for credit losses (benefit) | 483 | (136) | |
Non-interest Income | 11,722 | 9,714 | |
Amortization of intangibles | 0 | 0 | |
Depreciation expense | 409 | 359 | |
Other operating expenses | 6,611 | 230 | |
Income tax expense (benefit) | 22,676 | (321) | |
Net income (loss) | (25,407) | 1,331 | |
Segment assets | 5,723,198 | 5,803,751 | |
Eliminations | |||
Segment Reporting Information [Line Items] | |||
Net Interest income (expense) | 0 | 0 | |
Provision for credit losses (benefit) | 0 | 0 | |
Non-interest Income | (637) | (1,472) | |
Amortization of intangibles | 0 | 0 | |
Depreciation expense | 0 | 0 | |
Other operating expenses | (1,191) | (1,076) | |
Income tax expense (benefit) | 230 | (173) | |
Net income (loss) | 324 | (223) | |
Segment assets | $ (5,363,575) | $ (5,504,456) |
Segment reporting - Geographic
Segment reporting - Geographic information (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Segment Reporting Information [Line Items] | ||
Net Revenue | $ 714,562 | $ 693,617 |
PR | ||
Segment Reporting Information [Line Items] | ||
Net Revenue | 565,744 | 547,903 |
US | ||
Segment Reporting Information [Line Items] | ||
Net Revenue | 126,741 | 125,045 |
Other | ||
Segment Reporting Information [Line Items] | ||
Net Revenue | $ 22,077 | $ 20,669 |
Segment reporting - Selected Ba
Segment reporting - Selected Balance Sheet information (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 |
Segment Reporting Information [Line Items] | |||
Assets | $ 70,936,939 | $ 70,758,155 | $ 67,675,759 |
Deposits | 63,808,784 | 63,618,243 | |
Puerto Rico | |||
Segment Reporting Information [Line Items] | |||
Assets | 54,507,722 | 54,181,300 | |
Loans | 22,649,624 | 22,519,961 | |
Deposits | 51,350,879 | 51,282,007 | |
Popular U.S. | |||
Segment Reporting Information [Line Items] | |||
Assets | 15,186,839 | 15,343,156 | |
Loans | 11,931,955 | 12,006,012 | |
Deposits | 10,716,008 | 10,643,602 | |
Other | |||
Segment Reporting Information [Line Items] | |||
Assets | 1,242,378 | 1,233,699 | |
Loans | 542,511 | 543,299 | |
Deposits | $ 1,741,897 | $ 1,692,634 |
Segment Reporting - Additional
Segment Reporting - Additional Information (Details) | 3 Months Ended | ||
Mar. 31, 2024 USD ($) units | Mar. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) | |
Segment Reporting Information [Line Items] | |||
Number Of Operating Segments | units | 2 | ||
Factors Used To Identify Entitys Reportable Segments | Banco Popular de Puerto Rico and Popular U.S. Management determined the reportable segments based on the internal reporting used to evaluate performance and to assess where to allocate resources. | ||
Net Revenue | $ 714,562,000 | $ 693,617,000 | |
Assets | 70,936,939,000 | 67,675,759,000 | $ 70,758,155,000 |
US | |||
Segment Reporting Information [Line Items] | |||
Net Revenue | 126,741,000 | 125,045,000 | |
Assets | 15,186,839,000 | 15,343,156,000 | |
Other | |||
Segment Reporting Information [Line Items] | |||
Net Revenue | 22,077,000 | 20,669,000 | |
Assets | 1,242,378,000 | 1,233,699,000 | |
Banco Popular de Puerto Rico | US | |||
Segment Reporting Information [Line Items] | |||
Net Revenue | 29,800,000 | 25,400,000 | |
Assets | 1,500,000,000 | 1,500,000,000 | |
Bank loan origination | 0 | 23,000,000 | |
Banco Popular de Puerto Rico | US | Commercial multi-family | |||
Segment Reporting Information [Line Items] | |||
Assets | 106,000,000 | 106,000,000 | |
Banco Popular de Puerto Rico | US | Commercial real estate loans | |||
Segment Reporting Information [Line Items] | |||
Assets | 526,000,000 | 528,000,000 | |
Banco Popular de Puerto Rico | US | Commercial and industrial | |||
Segment Reporting Information [Line Items] | |||
Assets | 592,000,000 | 557,000,000 | |
Banco Popular de Puerto Rico | US | Unsecured personal loans | |||
Segment Reporting Information [Line Items] | |||
Assets | 198,000,000 | $ 229,000,000 | |
Banco Popular de Puerto Rico | Other | |||
Segment Reporting Information [Line Items] | |||
Net Revenue | $ 10,600,000 | $ 11,600,000 |