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Income taxes (Tables) | 9 Months Ended
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Sep. 30, 2019
Schedule Of Deferred Tax Assets And Liabilities Table Text Block |
|  |  | September 30, 2019
(In thousands) |  | PR |  | US |  | Total
Deferred tax assets: |  |  |  |  |  |
Tax credits available for carryforward | $ | 16,442 | $ | 7,757 | $ | 24,199
Net operating loss and other carryforward available |  | 128,899 |  | 711,507 |  | 840,406
Postretirement and pension benefits |  | 74,833 |  | - |  | 74,833
Allowance for loan losses |  | 425,855 |  | 18,680 |  | 444,535
Deferred gains |  | - |  | 2,443 |  | 2,443
Accelerated depreciation |  | 1,963 |  | 5,626 |  | 7,589
FDIC-assisted transaction |  | 85,609 |  | - |  | 85,609
Intercompany deferred gains |  | 1,377 |  | - |  | 1,377
Difference in outside basis from pass-through entities |  | 18,570 |  | - |  | 18,570
Other temporary differences |  | 28,722 |  | 8,189 |  | 36,911
| Total gross deferred tax assets |  | 782,270 |  | 754,202 |  | 1,536,472
Deferred tax liabilities: |  |  |  |  |  |
Indefinite-lived intangibles |  | 36,578 |  | 43,164 |  | 79,742
Unrealized net gain (loss) on trading and available-for-sale securities |  | 40,840 |  | 1,029 |  | 41,869
Deferred loan origination costs |  | (2,741) |  | 3,027 |  | 286
Other temporary differences |  | 12,432 |  | 1,109 |  | 13,541
| Total gross deferred tax liabilities |  | 87,109 |  | 48,329 |  | 135,438
Valuation allowance |  | 99,766 |  | 392,643 |  | 492,409
Net deferred tax asset | $ | 595,395 | $ | 313,230 | $ | 908,625
|  |  | December 31, 2018
(In thousands) |  | PR |  | US |  | Total
Deferred tax assets: |  |  |  |  |  |
Tax credits available for carryforward | $ | 15,900 | $ | 7,757 | $ | 23,657
Net operating loss and other carryforward available |  | 116,154 |  | 720,933 |  | 837,087
Postretirement and pension benefits |  | 83,390 |  | - |  | 83,390
Deferred loan origination fees |  | 3,216 |  | (1,280) |  | 1,936
Allowance for loan losses |  | 516,643 |  | 18,612 |  | 535,255
Deferred gains |  | - |  | 2,551 |  | 2,551
Accelerated depreciation |  | 1,963 |  | 5,786 |  | 7,749
FDIC-assisted transaction |  | 95,851 |  | - |  | 95,851
Intercompany deferred gains |  | 1,518 |  | - |  | 1,518
Difference in outside basis from pass-through entities |  | 20,209 |  | - |  | 20,209
Other temporary differences |  | 24,957 |  | 7,522 |  | 32,479
| Total gross deferred tax assets |  | 879,801 |  | 761,881 |  | 1,641,682
Deferred tax liabilities: |  |  |  |  |  |
Indefinite-lived intangibles |  | 34,081 |  | 39,597 |  | 73,678
Unrealized net gain (loss) on trading and available-for-sale securities |  | 23,823 |  | (12,783) |  | 11,040
Other temporary differences |  | 10,579 |  | 1,109 |  | 11,688
| Total gross deferred tax liabilities |  | 68,483 |  | 27,923 |  | 96,406
Valuation allowance |  | 89,852 |  | 406,455 |  | 496,307
Net deferred tax asset | $ | 721,466 | $ | 327,503 | $ | 1,048,969
Summary Of Income Tax Contingencies Text Block |
(In millions) |  | 2019 |  |  | 2018
Balance at January 1 | $ | 7.2 |  | $ | 7.3
Additions for tax positions - January through March |  | 0.3 |  |  | 0.2
Balance at March 31 | $ | 7.5 |  | $ | 7.5
Additions for tax positions - April through June |  | 0.2 |  |  | 0.3
Balance at June 30 | $ | 7.7 |  | $ | 7.8
Additions for tax positions - July through September |  | - |  |  | 0.3
Reduction as a result of lapse of statute of limitations - July through September |  | - |  |  | (1.2)
Balance at September 30 | $ | 7.7 |  | $ | 6.9
PUERTO RICO |
Schedule Of Effective Income Tax Rate Reconciliation Table Text Block |
|  |  | Quarters ended |
|  |  | September 30, 2019 |  |  |  | September 30, 2018 |
(In thousands) |  | Amount | % of pre-tax income |  |  |  | Amount | % of pre-tax income |
Computed income tax expense at statutory rates | $ | 77,508 | 38 | % |  | $ | 71,240 | 39 | %
Net benefit of tax exempt interest income |  | (38,103) | (18) |  |  |  | (24,941) | (14) |
Deferred tax asset valuation allowance |  | 3,170 | 1 |  |  |  | 5,606 | 3 |
Difference in tax rates due to multiple jurisdictions |  | (4,233) | (2) |  |  |  | (5,203) | (3) |
Effect of income subject to preferential tax rate |  | (2,243) | (1) |  |  |  | (2,031) | (1) |
Unrecognized tax benefits |  | - | - |  |  |  | (1,621) | (1) |
State and local taxes |  | 2,180 | 1 |  |  |  | 3,115 | 2 |
Others |  | 3,091 | 1 |  |  |  | (4,147) | (2) |
Income tax (benefit) expense | $ | 41,370 | 20 | % |  | $ | 42,018 | 23 | %
|  |  | Nine months ended |
|  |  | September 30, 2019 |  |  |  | September 30, 2018 |
(In thousands) |  | Amount | % of pre-tax income |  |  |  | Amount | % of pre-tax income |
Computed income tax expense at statutory rates | $ | 238,602 | 38 | % |  | $ | 213,474 | 39 | %
Net benefit of tax exempt interest income |  | (95,986) | (15) |  |  |  | (70,341) | (13) |
Deferred tax asset valuation allowance |  | 9,915 | 2 |  |  |  | 17,018 | 3 |
Difference in tax rates due to multiple jurisdictions |  | (9,851) | (2) |  |  |  | (10,400) | (2) |
Effect of income subject to preferential tax rate[1] |  | (7,458) | (1) |  |  |  | (108,087) | (20) |
Unrecognized tax benefits |  | - | - |  |  |  | (1,621) | - |
State and local taxes |  | 5,535 | 1 |  |  |  | 6,196 | 1 |
Others |  | (8,834) | (2) |  |  |  | (10,626) | (2) |
Income tax (benefit) expense | $ | 131,923 | 21 | % |  | $ | 35,613 | 6 | %
[1] | For the nine months ended September 30, 2018, includes the impact of the Tax Closing Agreement entered into in connection with the FDIC Transaction.

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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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- Definition Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=84230637&loc=SL6600010-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32718-109319 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32840-109319 + Details
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