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Business combination (Tables)

9 Months Ended

Sep. 30, 2018

Business Combinations [Abstract]

Fair Values of Major Classes of Identifiable Assets Acquired and Liabilities Assumed

		Book value prior to
		purchase accounting			Fair value		As recorded by
(In thousands)		adjustments			adjustments		Popular, Inc.
Cash consideration		$	1,843,256		$	-	$	1,843,256
Assets:
Loans			1,912,866			(126,908)[1]		1,785,958
Premises and equipment			1,246			-		1,246
Accrued income receivable			1,466			-		1,466
Other assets			5,020			-		5,020
Trademark			-			488		488
Total assets		$	1,920,598		$	(126,420)	$	1,794,178
Liabilities:
Other liabilities		$	11,164		$	-	$	11,164
Total liabilities		$	11,164		$	-	$	11,164
Net assets acquired		$	1,909,434		$	(126,420)	$	1,783,014
Goodwill on acquisition							$	60,242
[1] The fair value discount is comprised of $118 million related to the retail auto loans portfolio and $9 million related to the commercial loans portfolio.

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- References

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- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472

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