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Regulatory capital requirements | 12 Months Ended
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Dec. 31, 2019
Regulatory Capital Requirements |
Regulatory Capital Requirments | Note 23 – Regulatory capital requirements The Corporation, BPPR and PB are subject to various regulatory capital requirements imposed by the federal banking agencies. Failure to meet minimum capital requirements can lead to certain mandatory and additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Corporation’s consolidated financial statements. Popular, Inc., BPPR and PB are subject to Basel III capital requirements, including also revised minimum and well capitalized regulatory capital ratios and compliance with the standardized approach for determining risk-weighted assets. The Basel III Capital Rules established a Common Equity Tier I (“CET1”) capital measure and related regulatory capital ratio CET1 to risk-weighted assets. The Basel III Capital Rules provide that a depository institution will be deemed to be well capitalized if it maintained a leverage ratio of at least 5%, a CET1 ratio of at least 6.5%, a Tier 1 risk-based capital ratio of at least 8% and a total risk-based ratio of at least 10%. Management has determined that at December 31, 2019 and 2018, the Corporation exceeded all capital adequacy requirements to which it is subject. The Corporation has been designated by the Federal Reserve Board as a Financial Holding Company (“FHC”) and is eligible to engage in certain financial activities permitted under the Gramm-Leach-Bliley Act of 1999. At December 31, 2019 and 2018, BPPR and PB were well-capitalized under the regulatory framework for prompt corrective action. The following tables present the Corporation’s risk-based capital and leverage ratios at December 31, 2019 and 2018 under the Basel III regulatory guidance
|  | Actual |  |  | Capital adequacy minimum requirement (including conservation capital buffer) |
(Dollars in thousands) |  | Amount | Ratio |  |  | Amount | Ratio |
|  | 2019 |
Total Capital (to Risk-Weighted Assets): |  |  |  |  |  |  |  |
Corporation | $ | 5,858,615 | 20.31 | % | $ | 3,028,239 | 10.500 | %
BPPR |  | 4,226,374 | 19.98 |  |  | 2,220,908 | 10.500 |
PB |  | 1,211,045 | 16.98 |  |  | 748,836 | 10.500 |
Common Equity Tier I Capital (to Risk-Weighted Assets): |  |  |  |  |  |  |  |
Corporation | $ | 5,121,240 | 17.76 | % | $ | 2,018,826 | 7.000 | %
BPPR |  | 3,958,518 | 18.72 |  |  | 1,480,605 | 7.000 |
PB |  | 1,165,710 | 16.35 |  |  | 499,224 | 7.000 |
Tier I Capital (to Risk-Weighted Assets): |  |  |  |  |  |  |  |
Corporation | $ | 5,121,240 | 17.76 | % | $ | 2,451,431 | 8.500 | %
BPPR |  | 3,958,518 | 18.72 |  |  | 1,797,878 | 8.500 |
PB |  | 1,165,710 | 16.35 |  |  | 606,200 | 8.500 |
Tier I Capital (to Average Assets): |  |  |  |  |  |  |  |
Corporation | $ | 5,121,240 | 10.03 | % | $ | 2,042,299 | 4 | %
BPPR |  | 3,958,518 | 9.62 |  |  | 1,645,851 | 4 |
PB |  | 1,165,710 | 12.33 |  |  | 378,041 | 4 |
|  | Actual |  |  | Capital adequacy minimum requirement (including conservation capital buffer) |
(Dollars in thousands) |  | Amount | Ratio |  |  | Amount | Ratio |
|  | 2018 |
Total Capital (to Risk-Weighted Assets): |  |  |  |  |  |  |  |
Corporation | $ | 5,354,199 | 19.54 | % | $ | 2,706,117 | 9.875 | %
BPPR |  | 3,900,536 | 19.00 |  |  | 2,027,005 | 9.875 |
PB |  | 1,148,253 | 17.82 |  |  | 636,450 | 9.875 |
Common Equity Tier I Capital (to Risk-Weighted Assets): |  |  |  |  |  |  |  |
Corporation | $ | 4,631,511 | 16.90 | % | $ | 1,746,987 | 6.375 | %
BPPR |  | 3,638,009 | 17.72 |  |  | 1,308,573 | 6.375 |
PB |  | 1,085,829 | 16.85 |  |  | 410,873 | 6.375 |
Tier I Capital (to Risk-Weighted Assets): |  |  |  |  |  |  |  |
Corporation | $ | 4,631,511 | 16.90 | % | $ | 2,158,043 | 7.875 | %
BPPR |  | 3,638,009 | 17.72 |  |  | 1,616,473 | 7.875 |
PB |  | 1,085,829 | 16.85 |  |  | 507,549 | 7.875 |
Tier I Capital (to Average Assets): |  |  |  |  |  |  |  |
Corporation | $ | 4,631,511 | 9.88 | % | $ | 1,875,057 | 4 | %
BPPR |  | 3,638,009 | 9.62 |  |  | 1,512,568 | 4 |
PB |  | 1,085,829 | 12.42 |  |  | 349,580 | 4 |
The following table presents the minimum amounts and ratios for the Corporation’s banks to be categorized as well-capitalized.
|  | 2019 |  |  | 2018 |
(Dollars in thousands) |  | Amount | Ratio |  |  | Amount | Ratio |
Total Capital (to Risk-Weighted Assets): |  |  |  |  |  |  |  |
BPPR | $ | 2,115,150 | 10 | % | $ | 2,052,664 | 10 | %
PB |  | 713,177 | 10 |  |  | 644,506 | 10 |
Common Equity Tier I Capital (to Risk-Weighted Assets): |  |  |  |  |  |  |  |
BPPR | $ | 1,374,848 | 6.5 | % | $ | 1,334,231 | 6.5 | %
PB |  | 463,565 | 6.5 |  |  | 418,929 | 6.5 |
Tier I Capital (to Risk-Weighted Assets): |  |  |  |  |  |  |  |
BPPR | $ | 1,692,120 | 8 | % | $ | 1,642,131 | 8 | %
PB |  | 570,542 | 8 |  |  | 515,605 | 8 |
Tier I Capital (to Average Assets): |  |  |  |  |  |  |  |
BPPR | $ | 2,057,314 | 5 | % | $ | 1,890,709 | 5 | %
PB |  | 472,551 | 5 |  |  | 436,975 | 5 |

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- Definition The entire disclosure for regulatory capital requirement for depository and lending institutions. Institutions include, but not are not limited to, finance company, insured depository institution, bank holding company, savings and loan association holding company, bank and savings institution not federally insured, mortgage company, foreign financial institution and credit union. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1C -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958572-112826 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1D -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958573-112826 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958570-112826 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958569-112826 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1G -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958577-112826 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1F -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958575-112826 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1E -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958574-112826 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1H -URI http://asc.fasb.org/extlink&oid=117337116&loc=d3e65071-112826 + Details
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