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Employee benefits (Tables)
12 Months Ended
Dec. 31, 2018
Schedule Of Allocation Of Plan Assets Table Text Block
Minimum allotmentMaximum allotment20182017
Equity0%70%32%40%
Debt securities0%100%65%57%
Popular related securities0%5%1%N.M.
Cash and cash equivalents0%100%2%3%
N.M - Not meaningful, less than 1%

20182017
(In thousands)Level 1Level 2Level 3Measured at NAVTotal Level 1Level 2Level 3Measured at NAVTotal
Obligations of the U.S. Government and its agencies$-$165,832$-$7,137$172,969$-$130,721$-$7,566$138,287
Corporate bonds and debentures-256,657-6,987263,644-283,947-7,858291,805
Equity securities - Common Stocks90,175---90,175123,052---123,052
Equity securities - ETF's39,39429,635--69,02954,11049,779--103,889
Foreing commingled trust funds---59,36259,362---74,01374,013
Mutual fund-3,630--3,630-4,510--4,510
Mortgage-backed securities-11,349--11,349-4,539--4,539
Private equity investments--68-68--182-182
Cash and cash equivalents10,573---10,57322,686---22,686
Accrued investment income --5,024-5,024--4,576-4,576
Total assets $140,142$467,103$5,092$73,486$685,823$199,848$473,496$4,758$89,437$767,539
Schedule of changes in plan assets
(In thousands)20182017
Balance at beginning of year$4,758$3,555
Actual return on plan assets:
Change in unrealized (loss) gain relating to instruments still held at the reporting date--
Purchases, sales, issuance, settlements, paydowns and maturities (net)3341,203
Balance at end of year$5,092$4,758
Schedule Of Information Popular Inc Shares Of Common Stock Held By The Plans [Table Text Block]
(In thousands, except number of shares information)20182017
Shares of Popular, Inc. common stock152,804149,127
Fair value of shares of Popular, Inc. common stock$7,215$5,293
Dividends paid on shares of Popular, Inc. common stock held by the plan$151$132
Schedule Of Aggregate Status Of The Plans And The Amounts Recognized In The Consolidated Financial Statements [Table Text Block]
Pension PlansOPEB Plan
(In thousands)2018201720182017
Change in benefit obligation:
Benefit obligation at beginning of year$816,988$778,658$170,720$162,365
Service cost --1,0281,026
Interest cost 25,49325,8895,5625,703
Termination benefit loss--1,790-
Actuarial (gain) loss(47,549)52,125(20,547)6,983
Benefits paid(40,374)(39,684)(5,138)(5,357)
Benefit obligation at end of year$754,558$816,988$153,415$170,720
Change in fair value of plan assets:
Fair value of plan assets at beginning of year$767,539$697,129$-$-
Actual return on plan assets(41,572)93,857--
Employer contributions23016,2375,1385,357
Benefits paid(40,374)(39,684)(5,138)(5,357)
Fair value of plan assets at end of year$685,823$767,539$-$-
Amounts recognized in accumulated other comprehensive loss:
Net prior service cost$-$-$-$(3,470)
Net loss304,330290,3275,72027,549
Accumulated other comprehensive loss (AOCL)$304,330$290,327$5,720$24,079
Reconciliation of net (liabilities) assets:
Net (liabilities) assets at beginning of year$(49,449)$(81,529)$(170,720)$(162,365)
Amount recognized in AOCL at beginning of year, pre-tax290,327311,16624,07913,865
Amount prepaid at beginning of year240,878229,637(146,641)(148,500)
Net periodic benefit income (cost)(5,513)(4,996)(4,402)(3,498)
Additional benefit cost--(1,790)-
Contributions23016,2375,1385,357
Amount prepaid at end of year235,595240,878(147,695)(146,641)
Amount recognized in AOCL(304,330)(290,327)(5,720)(24,079)
Net (liabilities) assets at end of year$(68,735)$(49,449)$(153,415)$(170,720)
Schedule Of Breakdown Of Pension And Restoration Plans Assets And Liabilities [Table Text Block]
Pension PlansOPEB Plan
(In thousands)2018201720182017
Current liabilities $225$232$8,007$6,202
Non-current liabilities68,51049,217145,408164,518
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]
Pension PlansOPEB Plan
(In thousands)2018201720182017
Projected benefit obligation$754,558$816,988$153,415$170,720
Accumulated benefit obligation 754,558816,988153,415170,720
Fair value of plan assets 685,823767,539 - -
Schedule of employer contribution to benefit plan
(In thousands)2019
Pension Plans$229
OPEB Plan$8,128
Schedule of Assumptions Used
Pension PlansOPEB Plan
Weighted average assumptions used to determine benefit obligation at December 31:2018201720182017
Discount rate for benefit obligation4.20 - 4.23%3.54 - 3.56%4.30%3.62%
Initial health care cost trend rateN/AN/A5.00%5.50%
Ultimate health care cost trend rateN/AN/A5.00%5.00%
Year that the ultimate trend rate is reachedN/AN/A20192019
Pension PlansOPEB Plan
Weighted average assumptions used to determine net periodic benefit cost for the years ended December 31:201820172016201820172016
Discount rate for benefit obligation3.54 - 3.56%3.98 - 4.02%4.20 - 4.27%3.62%4.10%4.37%
Discount rate for service costN/AN/AN/A3.74%4.30%4.63%
Discount rate for interest cost3.16 - 3.20%3.35 - 3.42%3.39 - 3.52%3.32%3.58%3.70%
Expected return on plan assets5.50 - 6.00%6.50%6.88%N/AN/AN/A
Initial health care cost trend rateN/AN/AN/A5.50%6.00%6.50%
Ultimate health care cost trend rateN/AN/AN/A5.00%5.00%5.00%
Year that the ultimate trend rate is reachedN/AN/AN/A201920192019
Schedule Of Effect Of One Percentage Point Change In Assumed Health Care Cost Trend Rates [Table Text Block]
December 31, 2018
1-percentage point1-percentage point
(In thousands)increasedecrease
Effect on total service cost and interest cost components for the year ended$189$(288)
Effect on accumulated postretirement benefit obligation at year end$4,870$(7,114)
Pension Plans, Defined Benefit [Member]  
Schedule of defined benefit plan amount recognized in other comprehensive income loss
(In thousands)Pension PlansOPEB Plan
2018201720182017
Accumulated other comprehensive loss at beginning of year$290,327$311,166$24,079$13,865
Increase (decrease) in AOCL:
Recognized during the year:
Prior service (cost) credit--3,4703,800
Amortization of actuarial losses(20,260)(21,859)(1,282)(569)
Occurring during the year:
Net actuarial (gains) losses34,2631,020(20,547)6,983
Total (decrease) increase in AOCL14,003(20,839)(18,359)10,214
Accumulated other comprehensive loss at end of year$304,330$290,327$5,720$24,079
Schedule of net periodic benefit cost not yet recognized
(In thousands)Pension PlansOPEB Plan
Net prior service cost$-$-
Net actuarial loss$23,506$-
Schedule of expected benefit payments
(In thousands)Pension PlansOPEB Plan
2019$46,976$8,128
202044,4356,645
202144,6166,834
202244,8837,026
202345,1757,244
2024 - 2028226,98839,774
Schedule of Net Funded Status
Pension PlansOPEB Plan
(In thousands)2018201720182017
Benefit obligation at end of year$(754,558)$(816,988)$(153,415)$(170,720)
Fair value of plan assets at end of year685,823767,539--
Funded status at year end$(68,735)$(49,449)$(153,415)$(170,720)
Components of Net Periodic Pension/Postretirement Benefit Cost
Pension PlansOPEB Plan
(In thousands)201820172016201820172016
Personnel costs:
Service cost$-$-$-$1,028$1,026$1,156
Other operating expenses:
Interest cost25,49325,88926,5585,5625,7036,021
Expected return on plan assets(40,240)(42,752)(40,646)---
Amortization of prior service cost (credit)---(3,470)(3,800)(3,800)
Recognized net actuarial loss20,26021,85920,8491,2825691,099
Net periodic benefit (credit) cost$5,513$4,996$6,761$4,402$3,498$4,476
Termination benefit loss---1,790--
Total benefit cost $5,513$4,996$6,761$6,192$3,498$4,476