XML 210 R198.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidating Statement of Operations (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
INTEREST AND DIVIDEND INCOME:        
Dividend income from subsidiaries $ 0 $ 0 $ 0 $ 0
Loans 430,637 371,979 1,190,498 1,102,784
Money market investments 27,581 15,529 86,258 33,233
Investment securities 70,147 48,375 185,537 144,594
Total interest and dividend income 528,365 435,883 1,462,293 1,280,611
INTEREST EXPENSE:        
Deposits 55,134 37,058 139,050 104,907
Short-term borrowings 1,622 1,524 5,387 3,734
Long-term debt 20,140 19,130 59,204 57,222
Total interest expense 76,896 57,712 203,641 165,863
Net interest income 451,469 378,171 1,258,652 1,114,748
Provision for loan losses     185,504 253,936
Net interest income after provision for loan losses 397,082 217,412 1,073,148 860,812
Service charges on deposit accounts 38,147 39,273 111,704 119,882
Other service fees 64,316 53,481 187,794 168,824
Mortgage banking activities 11,269 5,239 33,408 27,349
Net gain on sale of debt securities 0 83 0 83
Other-than-temporary impairment losses on debt securities 0 0 0 (8,299)
Net gain (loss), including impairment on equity securities 370 20 (42) 201
Net (loss) profit on trading account debt securities (122) 253 (299) (680)
Net gain on sale of loans, including valuation adjustments on loans held-for-sale 0 (420) 0 (420)
Adjustments To Indemnity Reserves On Loans Sold (3,029) (6,406) (6,482) (11,302)
FDIC loss-share (expense) income 0 (3,948) 94,725 (12,680)
Other operating income 40,070 12,799 78,519 50,078
Total non-interest income 151,021 100,374 499,327 333,036
Operating expenses:        
Personnel costs 139,757 117,769 389,941 358,457
Net occupancy expenses 18,602 22,254 63,829 65,295
Equipment expenses 18,303 16,457 53,284 48,677
Other taxes 11,923 10,858 33,701 32,567
Professional Fees 83,860 70,772 260,748 212,956
Communications 6,054 5,394 17,342 17,242
Business promotion 15,478 15,216 44,265 40,158
FDIC deposit insurance 8,610 6,271 22,534 18,936
Other real estate owned (O R E O) expenses 7,950 11,724 21,028 41,212
Other operating expenses 52,576 38,028 111,462 92,707
Amortization of intangibles 2,324 2,345 6,973 7,034
Goodwill impairment charge     0  
Total operating expenses 365,437 317,088 1,025,107 935,241
Income (loss) before income taxes and equity in undistributed earnings of subsidiaries 182,666 698 547,368 258,607
Income tax expense (benefit) 42,018 (19,966) 35,613 48,772
Income (loss) before equity in undistributed earnings of subdidiaries 140,648 20,664 511,755 209,835
Equity in undistributed earnings (losses) of subsidiaries 0 0 0 0
Net Income 140,648 20,664 511,755 209,835
Comprehensive (loss) income, net of tax 103,251 32,275 328,218 238,789
Elimination        
INTEREST AND DIVIDEND INCOME:        
Dividend income from subsidiaries (52,000) (27,500) (402,000) (184,000)
Loans (22) 0 (49) 0
Money market investments (2,446) (743) (4,285) (1,872)
Investment securities 0 0 0 0
Total interest and dividend income (54,468) (28,243) (406,334) (185,872)
INTEREST EXPENSE:        
Deposits (2,446) (743) (4,285) (1,872)
Short-term borrowings (22) 0 (49) 0
Long-term debt 0 0 0 0
Total interest expense (2,468) (743) (4,334) (1,872)
Net interest income (52,000) (27,500) (402,000) (184,000)
Provision for loan losses     0 0
Net interest income after provision for loan losses (52,000) (27,500) (402,000) (178,045)
Service charges on deposit accounts 0 0 0 0
Other service fees (66) (70) (1,459) (1,458)
Mortgage banking activities 0 0 0 0
Net gain on sale of debt securities   0   0
Other-than-temporary impairment losses on debt securities   0   0
Net gain (loss), including impairment on equity securities (18) 0 (48) 0
Net (loss) profit on trading account debt securities 0 18 0 26
Net gain on sale of loans, including valuation adjustments on loans held-for-sale   0   0
Adjustments To Indemnity Reserves On Loans Sold 0 0 0 0
FDIC loss-share (expense) income 0 0 0 0
Other operating income (expense) (6) (4) (31) (18)
Total non-interest income (90) (56) (1,538) (1,450)
Operating expenses:        
Personnel costs 0 0 0 0
Net occupancy expenses 0 0 0 0
Equipment expenses 0 0 0 0
Other taxes 0 0 0 0
Professional fees (66) (70) (389) (360)
Communications 0 0 0 0
Business promotion 0 0 0 0
FDIC deposit insurance 0 0 0 0
Other real estate owned (O R E O) expenses 0 0 0 0
Other operating expenses (income) (591) (555) (1,796) (1,664)
Amortization of intangibles 0 0 0 0
Total operating expenses (657) (625) (2,185) (2,024)
Income (loss) before income taxes and equity in undistributed earnings of subsidiaries (51,433) (26,931) (401,353) (177,471)
Income tax expense (benefit) 228 215 271 2,536
Income (loss) before equity in undistributed earnings of subdidiaries (51,661) (27,146) (401,624) (180,007)
Equity in undistributed earnings (losses) of subsidiaries (114,298) 5,379 (177,893) (65,257)
Net Income (165,959) (21,767) (579,517) (245,264)
Comprehensive (loss) income, net of tax (123,139) (34,784) (362,123) (277,560)
Non Covered Under Loss Sharing Agreements with FDIC        
INTEREST EXPENSE:        
Provision for loan losses 54,387 157,659 183,774 249,681
Non Covered Under Loss Sharing Agreements with FDIC | Elimination        
INTEREST EXPENSE:        
Provision for loan losses 0 0 0 (5,955)
Covered Under Loss Sharing Agreements With FDIC Member        
INTEREST EXPENSE:        
Provision for loan losses 0 3,100 1,730 4,255
Covered Under Loss Sharing Agreements With FDIC Member | Elimination        
INTEREST EXPENSE:        
Provision for loan losses   0 0 0
Popular, Inc. Holding Co.        
INTEREST AND DIVIDEND INCOME:        
Dividend income from subsidiaries 52,000 27,500 402,000 184,000
Loans 537 405 1,601 534
Money market investments 2,429 730 4,267 1,820
Investment securities 150 142 447 425
Total interest and dividend income 55,116 28,777 408,315 186,779
INTEREST EXPENSE:        
Deposits 0 0 0 0
Short-term borrowings 0 0 0 0
Long-term debt 14,045 13,118 40,280 39,353
Total interest expense 14,045 13,118 40,280 39,353
Net interest income 41,071 15,659 368,035 147,426
Provision for loan losses     (75) 309
Net interest income after provision for loan losses 41,105 15,619 368,110 147,117
Service charges on deposit accounts 0 0 0 0
Other service fees 0 0 0 0
Mortgage banking activities 0 0 0 0
Net gain on sale of debt securities   0   0
Other-than-temporary impairment losses on debt securities   0   0
Net gain (loss), including impairment on equity securities 172 0 176 0
Net (loss) profit on trading account debt securities 0 137 0 297
Net gain on sale of loans, including valuation adjustments on loans held-for-sale   0   0
Adjustments To Indemnity Reserves On Loans Sold 0 0 0 0
FDIC loss-share (expense) income 0 0 0 0
Other operating income (expense) 3,643 1,564 11,139 10,739
Total non-interest income 3,815 1,701 11,315 11,036
Operating expenses:        
Personnel costs 15,803 11,438 43,365 37,226
Net occupancy expenses 984 976 3,081 2,925
Equipment expenses 1,037 885 2,581 1,952
Other taxes 71 55 168 147
Professional fees 3,889 2,555 13,245 8,743
Communications 144 125 380 407
Business promotion 520 454 1,323 1,413
FDIC deposit insurance 0 0 0 0
Other real estate owned (O R E O) expenses 0 42 0 42
Other operating expenses (income) (23,600) (17,572) (64,352) (53,227)
Amortization of intangibles 0 0 0 0
Total operating expenses (1,152) (1,042) (209) (372)
Income (loss) before income taxes and equity in undistributed earnings of subsidiaries 46,072 18,362 379,634 158,525
Income tax expense (benefit) 0 0 0 0
Income (loss) before equity in undistributed earnings of subdidiaries 46,072 18,362 379,634 158,525
Equity in undistributed earnings (losses) of subsidiaries 94,576 2,302 132,121 51,310
Net Income 140,648 20,664 511,755 209,835
Comprehensive (loss) income, net of tax 103,251 32,275 328,218 238,789
Popular, Inc. Holding Co. | Non Covered Under Loss Sharing Agreements with FDIC        
INTEREST EXPENSE:        
Provision for loan losses (34) 40 (75) 309
Popular, Inc. Holding Co. | Covered Under Loss Sharing Agreements With FDIC Member        
INTEREST EXPENSE:        
Provision for loan losses   0 0 0
PNA Holding Co.        
INTEREST AND DIVIDEND INCOME:        
Dividend income from subsidiaries 0 0 0 0
Loans 0 0 0 0
Money market investments 16 13 18 52
Investment securities 72 81 233 242
Total interest and dividend income 88 94 251 294
INTEREST EXPENSE:        
Deposits 0 0 0 0
Short-term borrowings 22 0 49 0
Long-term debt 2,390 2,693 7,773 8,076
Total interest expense 2,412 2,693 7,822 8,076
Net interest income (2,324) (2,599) (7,571) (7,782)
Provision for loan losses     0 0
Net interest income after provision for loan losses (2,324) (2,599) (7,571) (7,782)
Service charges on deposit accounts 0 0 0 0
Other service fees 0 0 0 0
Mortgage banking activities 0 0 0 0
Net gain on sale of debt securities   0   0
Other-than-temporary impairment losses on debt securities   0   0
Net gain (loss), including impairment on equity securities 0 0 0 0
Net (loss) profit on trading account debt securities 0 0 0 0
Net gain on sale of loans, including valuation adjustments on loans held-for-sale   0   0
Adjustments To Indemnity Reserves On Loans Sold 0 0 0 0
FDIC loss-share (expense) income 0 0 0 0
Other operating income (expense) (118) 31 278 1,256
Total non-interest income (118) 31 278 1,256
Operating expenses:        
Personnel costs 0 0 0 0
Net occupancy expenses 0 0 0 0
Equipment expenses 0 1 2 1
Other taxes 0 0 1 0
Professional fees 20 18 128 (474)
Communications 0 0 0 0
Business promotion 0 0 0 0
FDIC deposit insurance 0 0 0 0
Other real estate owned (O R E O) expenses 0 0 0 0
Other operating expenses (income) 13 13 67 39
Amortization of intangibles 0 0 0 0
Total operating expenses 33 32 198 (434)
Income (loss) before income taxes and equity in undistributed earnings of subsidiaries (2,475) (2,600) (7,491) (6,092)
Income tax expense (benefit) (520) (910) 372 (2,132)
Income (loss) before equity in undistributed earnings of subdidiaries (1,955) (1,690) (7,863) (3,960)
Equity in undistributed earnings (losses) of subsidiaries 19,722 (7,681) 45,772 13,947
Net Income 17,767 (9,371) 37,909 9,987
Comprehensive (loss) income, net of tax 11,770 (7,732) 3,755 13,554
PNA Holding Co. | Non Covered Under Loss Sharing Agreements with FDIC        
INTEREST EXPENSE:        
Provision for loan losses 0 0 0 0
PNA Holding Co. | Covered Under Loss Sharing Agreements With FDIC Member        
INTEREST EXPENSE:        
Provision for loan losses   0 0 0
All other subsidiaries and eliminations        
INTEREST AND DIVIDEND INCOME:        
Dividend income from subsidiaries 0 0 0 0
Loans 430,122 371,574 1,188,946 1,102,250
Money market investments 27,582 15,529 86,258 33,233
Investment securities 69,925 48,152 184,857 143,927
Total interest and dividend income 527,629 435,255 1,460,061 1,279,410
INTEREST EXPENSE:        
Deposits 57,580 37,801 143,335 106,779
Short-term borrowings 1,622 1,524 5,387 3,734
Long-term debt 3,705 3,319 11,151 9,793
Total interest expense 62,907 42,644 159,873 120,306
Net interest income 464,722 392,611 1,300,188 1,159,104
Provision for loan losses     185,579 253,627
Net interest income after provision for loan losses 410,301 231,892 1,114,609 899,522
Service charges on deposit accounts 38,147 39,273 111,704 119,882
Other service fees 64,382 53,551 189,253 170,282
Mortgage banking activities 11,269 5,239 33,408 27,349
Net gain on sale of debt securities   83   83
Other-than-temporary impairment losses on debt securities   0   (8,299)
Net gain (loss), including impairment on equity securities 216 20 (170) 201
Net (loss) profit on trading account debt securities (122) 98 (299) (1,003)
Net gain on sale of loans, including valuation adjustments on loans held-for-sale   (420)   (420)
Adjustments To Indemnity Reserves On Loans Sold (3,029) (6,406) (6,482) (11,302)
FDIC loss-share (expense) income 0 (3,948) 94,725 (12,680)
Other operating income (expense) 36,551 11,208 67,133 38,101
Total non-interest income 147,414 98,698 489,272 322,194
Operating expenses:        
Personnel costs 123,954 106,331 346,576 321,231
Net occupancy expenses 17,618 21,278 60,748 62,370
Equipment expenses 17,266 15,571 50,701 46,724
Other taxes 11,852 10,803 33,532 32,420
Professional fees 80,017 68,269 247,764 205,047
Communications 5,910 5,269 16,962 16,835
Business promotion 14,958 14,762 42,942 38,745
FDIC deposit insurance 8,610 6,271 22,534 18,936
Other real estate owned (O R E O) expenses 7,950 11,682 21,028 41,170
Other operating expenses (income) 76,754 56,142 177,543 147,559
Amortization of intangibles 2,324 2,345 6,973 7,034
Total operating expenses 367,213 318,723 1,027,303 938,071
Income (loss) before income taxes and equity in undistributed earnings of subsidiaries 190,502 11,867 576,578 283,645
Income tax expense (benefit) 42,310 (19,271) 34,970 48,368
Income (loss) before equity in undistributed earnings of subdidiaries 148,192 31,138 541,608 235,277
Equity in undistributed earnings (losses) of subsidiaries 0 0 0 0
Net Income 148,192 31,138 541,608 235,277
Comprehensive (loss) income, net of tax 111,369 42,516 358,368 264,006
All other subsidiaries and eliminations | Non Covered Under Loss Sharing Agreements with FDIC        
INTEREST EXPENSE:        
Provision for loan losses $ 54,421 157,619 183,849 255,327
All other subsidiaries and eliminations | Covered Under Loss Sharing Agreements With FDIC Member        
INTEREST EXPENSE:        
Provision for loan losses   $ 3,100 $ 1,730 $ 4,255