XML 135 R51.htm IDEA: XBRL DOCUMENT v3.19.3

Debt securities available-for-sale (Tables)

9 Months Ended

Sep. 30, 2019

Investments [Abstract]

Debt Securities, Available-For-Sale

		At September 30, 2019
				Gross		Gross				Weighted
		Amortized		unrealized		unrealized		Fair		average
(In thousands)		cost		gains		losses		value		yield
U.S. Treasury securities
	Within 1 year	$	5,593,503	$	2,924	$	1,789	$	5,594,638	1.88	%
	After 1 to 5 years		4,200,129		86,143		862		4,285,410	2.34
	After 5 to 10 years		624,188		1,912		1,860		624,240	1.60
Total U.S. Treasury securities			10,417,820		90,979		4,511		10,504,288	2.05
Obligations of U.S. Government sponsored entities
	Within 1 year		127,485		6		174		127,317	1.40
	After 1 to 5 years		60,005		1		231		59,775	1.48
Total obligations of U.S. Government sponsored entities			187,490		7		405		187,092	1.43
Obligations of Puerto Rico, States and political subdivisions
	Within 1 year		6,975		-		44		6,931	-
Total obligations of Puerto Rico, States and political subdivisions			6,975		-		44		6,931	-
Collateralized mortgage obligations - federal agencies
	After 1 to 5 years		725		-		1		724	2.02
	After 5 to 10 years		91,024		32		1,210		89,846	1.64
	After 10 years		541,407		4,410		5,751		540,066	2.09
Total collateralized mortgage obligations - federal agencies			633,156		4,442		6,962		630,636	2.02
Mortgage-backed securities
	Within 1 year		37		-		-		37	2.05
	After 1 to 5 years		39,627		861		2		40,486	3.35
	After 5 to 10 years		315,038		2,623		1,391		316,270	2.04
	After 10 years		4,751,236		64,743		22,982		4,792,997	2.61
Total mortgage-backed securities			5,105,938		68,227		24,375		5,149,790	2.58
Other
	After 1 to 5 years		364		9		-		373	3.62
Total other			364		9		-		373	3.62
Total debt securities available-for-sale[1]		$	16,351,743	$	163,664	$	36,297	$	16,479,110	2.20	%
[1]	Includes $12.9 billion pledged to secure public and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $11.7 billion serve as collateral for public funds.

		At December 31, 2018
				Gross		Gross				Weighted
		Amortized		unrealized		unrealized		Fair		average
(In thousands)		cost		gains		losses		value		yield
U.S. Treasury securities
	Within 1 year	$	3,565,571	$	108	$	5,319	$	3,560,360	2.10	%
	After 1 to 5 years		4,483,741		13,647		35,213		4,462,175	2.25
	After 5 to 10 years		245,891		3,770		-		249,661	2.84
Total U.S. Treasury securities			8,295,203		17,525		40,532		8,272,196	2.21
Obligations of U.S. Government sponsored entities
	Within 1 year		212,951		-		1,406		211,545	1.44
	After 1 to 5 years		123,857		1		2,094		121,764	1.51
Total obligations of U.S. Government sponsored entities			336,808		1		3,500		333,309	1.47
Obligations of Puerto Rico, States and political subdivisions
	After 1 to 5 years		6,926		-		184		6,742	0.70
Total obligations of Puerto Rico, States and political subdivisions			6,926		-		184		6,742	0.70
Collateralized mortgage obligations - federal agencies
	After 1 to 5 years		749		-		7		742	1.92
	After 5 to 10 years		115,744		1		4,715		111,030	1.71
	After 10 years		638,995		1,584		23,680		616,899	2.10
Total collateralized mortgage obligations - federal agencies			755,488		1,585		28,402		728,671	2.04
Mortgage-backed securities
	Within 1 year		431		4		-		435	4.30
	After 1 to 5 years		6,762		43		1		6,804	2.74
	After 5 to 10 years		365,727		1,090		8,499		358,318	2.19
	After 10 years		3,710,731		10,679		128,189		3,593,221	2.45
Total mortgage-backed securities			4,083,651		11,816		136,689		3,958,778	2.43
Other
	After 5 to 10 years		486		2		-		488	3.62
Total other			486		2		-		488	3.62
Total debt securities available-for-sale[1]		$	13,478,562	$	30,929	$	209,307	$	13,300,184	2.25	%
[1]	Includes $8.9 billion pledged to secure public and trust deposits, assets sold under agreements to repurchase, credit facilities and loan servicing agreements that the secured parties are not permitted to sell or repledge the collateral, of which $7.9 billion serve as collateral for public funds.

Schedule Of Realized Gain Loss

	For the quarter ended September 30,				Nine months ended September 30,
(In thousands)		2019		2018		2019		2018
Gross realized gains	$	-	$	-	$	-	$	-
Gross realized losses		(20)		-		(20)		-
Net realized losses on sale of debt securities available-for-sale	$	(20)	$	-	$	(20)	$	-

Debt Securities Available For Sale Unrealized Loss Position Fair Value

		At September 30, 2019
		Less than 12 months				12 months or more				Total
				Gross				Gross				Gross
		Fair		unrealized		Fair		unrealized		Fair		unrealized
(In thousands)		value		losses		value		losses		value		losses
U.S. Treasury securities		$	900,818	$	2,376	$	639,001	$	2,135	$	1,539,819	$	4,511
Obligations of U.S. Government sponsored entities			9,947		25		176,356		380		186,303		405
Obligations of Puerto Rico, States and political subdivisions			-		-		6,931		44		6,931		44
Collateralized mortgage obligations - federal agencies			103,443		467		343,994		6,495		447,437		6,962
Mortgage-backed securities			177,382		480		1,977,343		23,895		2,154,725		24,375
Total debt securities available-for-sale in an unrealized loss position		$	1,191,590	$	3,348	$	3,143,625	$	32,949	$	4,335,215	$	36,297

		At December 31, 2018
		Less than 12 months				12 months or more				Total
				Gross				Gross				Gross
		Fair		unrealized		Fair		unrealized		Fair		unrealized
(In thousands)		value		losses		value		losses		value		losses
U.S. Treasury securities		$	3,189,007	$	4,188	$	2,607,276	$	36,343	$	5,796,283	$	40,531
Obligations of U.S. Government sponsored entities			14,847		46		318,271		3,454		333,118		3,500
Obligations of Puerto Rico, States and political subdivisions			-		-		6,742		184		6,742		184
Collateralized mortgage obligations - federal agencies			66,652		489		587,869		27,913		654,521		28,402
Mortgage-backed securities			125,872		2,280		3,478,635		134,410		3,604,507		136,690
Total debt securities available-for-sale in an unrealized loss position		$	3,396,378	$	7,003	$	6,998,793	$	202,304	$	10,395,171	$	209,307

Schedule Of Securities Aggregate Amortized Cost Exceed 10 Of Stockholders Equity

		September 30, 2019				December 31, 2018
(In thousands)	Amortized cost		Fair value		Amortized cost		Fair value
FNMA	$	3,334,102	$	3,351,007	$	2,999,110	$	2,901,904
Freddie Mac		1,722,954		1,739,165		1,095,855		1,058,013

X

- Definition

The following table states the name of issuers, and the aggregate amortized cost and fair value of the securities of such issuer (includes available for sale and held to maturity securities), in which the aggregate amortized cost of such securities exceeds 10% of stockholders equity.

+ References

No definition available.

+ Details

Name:	bpop_ScheduleOfSecuritiesAggregateAmortizedCostExceed10OfStockholdersEquityTableTextBlock
Namespace Prefix:	bpop_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of fair value amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), in unrealized loss position.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27290-111563

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleUnrealizedLossPositionFairValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27357-111563

+ Details

Name:	us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration