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Loans (Tables) | 3 Months Ended
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Mar. 31, 2020
Accounts, Notes, Loans and Financing Receivable |
Purchased Financial Assets With Credit Deterioration | Purchased Credit Deteriorated Loans (PCD) The Corporation has purchased loans during the quarter, for which there was, at acquisition, evidence of more than insignificant deterioration of credit quality since origination. The carrying amount of those loans is as follows:
(In thousands) |  | March 31, 2020
Purchase price of loans at acquisition | $ | 3,112
Allowance for credit losses at acquisition |  | 429
Non-credit discount/premium at acquisition |  | 138
Par value of acquired loans at acquisition | $ | 3,679
ASC Subtopic 310-30 |
Accounts, Notes, Loans and Financing Receivable |
Disclosure of carrying amount of loans acquired |
Carrying amount
(In thousands) |  | December 31, 2019
Commercial real estate | $ | 670,566
Commercial and industrial |  | 104,756
Mortgage |  | 856,618
Consumer |  | 11,778
Carrying amount |  | 1,643,718
Allowance for loan losses |  | (74,039)
Carrying amount, net of allowance | $ | 1,569,679
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period | Changes in the carrying amount and the accretable yield for the loans accounted pursuant to the ASC Subtopic 310-30, for the quarter ended March 31, 2019, were as follows:
Carrying amount of acquired loans accounted for pursuant to ASC 310-30
(In thousands) |  | For the quarter ended March 31, 2019
Beginning balance |  |  |  |  |  | $ | 1,883,556
Additions |  |  |  |  |  |  | 5,220
Accretion |  |  |  |  |  |  | 37,404
Collections / loan sales / charge-offs |  |  |  |  |  |  | (94,923)
Ending balance[1] |  |  |  |  |  | $ | 1,831,257
Allowance for loan losses |  |  |  |  |  |  | (124,147)
Ending balance, net of ALLL |  |  |  |  |  | $ | 1,707,110
[1] | At March 31, 2019, includes $1.3 billion of loans considered non-credit impaired at the acquisition date.
Activity in the accretable yield of acquired loans accounted for pursuant to ASC 310-30
(In thousands) |  |  | For the quarter ended March 31, 2019
Beginning balance |  |  |  |  | $ | 1,092,504
Additions |  |  |  |  |  | 2,890
Accretion |  |  |  |  |  | (37,404)
Change in expected cash flows |  |  |  |  |  | 10,177
Ending balance[1] |  |  |  |  | $ | 1,068,167
[1] | At March 31, 2019, includes $0.7 billion for loans considered non-credit impaired at the acquisition date.
Loans Held in Portfolio |
Accounts, Notes, Loans and Financing Receivable |
Past due financing receivables | The following table presents the amortized cost basis of loans held-in-portfolio (“HIP”), net of unearned income, by past due status, and by loan class including those that are in non-performing status or that are accruing interest but are past due 90 days or more at March 31, 2020 and December 31, 2019.
March 31, 2020
Puerto Rico
|  |  |  | Past due |  |  |  |  |  |  |  | Past due 90 days or more
|  |  | 30-59 |  | 60-89 |  | 90 days | Total |  |  |  |  |  |  | Non-accrual |  |  | Accruing
(In thousands) |  | days |  | days |  | or more[1] | past due |  | Current |  | Loans HIP |  |  | loans |  | loans
Commercial multi-family |  | $ | 8,382 |  | $ | 359 |  | $ | 1,379 | $ | 10,120 |  | $ | 137,145 |  | $ | 147,265 |  |  | $ | 1,379 |  | $ | -
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-owner occupied |  |  | 4,632 |  |  | 4,382 |  |  | 109,054 |  | 118,068 |  |  | 1,968,831 |  |  | 2,086,899 |  |  |  | 109,054 |  |  | -
| Owner occupied |  |  | 11,649 |  |  | 4,276 |  |  | 101,887 |  | 117,812 |  |  | 1,460,599 |  |  | 1,578,411 |  |  |  | 101,887 |  |  | -
Commercial and industrial |  |  | 17,112 |  |  | 3,608 |  |  | 39,280 |  | 60,000 |  |  | 3,458,407 |  |  | 3,518,407 |  |  |  | 38,784 |  |  | 496
Construction |  |  | 4,411 |  |  | - |  |  | - |  | 4,411 |  |  | 159,979 |  |  | 164,390 |  |  |  | - |  |  | -
Mortgage |  |  | 339,648 |  |  | 141,841 |  |  | 854,105 |  | 1,335,594 |  |  | 4,680,414 |  |  | 6,016,008 |  |  |  | 404,465 |  |  | 449,640
Leasing |  |  | 18,301 |  |  | 5,938 |  |  | 4,076 |  | 28,315 |  |  | 1,060,227 |  |  | 1,088,542 |  |  |  | 4,076 |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Credit cards |  |  | 14,062 |  |  | 9,297 |  |  | 20,588 |  | 43,947 |  |  | 1,020,740 |  |  | 1,064,687 |  |  |  | - |  |  | 20,588
| Home equity lines of credit |  |  | 49 |  |  | 51 |  |  | 93 |  | 193 |  |  | 4,736 |  |  | 4,929 |  |  |  | - |  |  | 93
| Personal |  |  | 23,697 |  |  | 13,078 |  |  | 36,125 |  | 72,900 |  |  | 1,390,326 |  |  | 1,463,226 |  |  |  | 36,064 |  |  | 61
| Auto |  |  | 110,408 |  |  | 38,018 |  |  | 26,431 |  | 174,857 |  |  | 2,779,293 |  |  | 2,954,150 |  |  |  | 26,431 |  |  | -
| Other |  |  | 622 |  |  | 293 |  |  | 13,966 |  | 14,881 |  |  | 122,086 |  |  | 136,967 |  |  |  | 13,543 |  |  | 423
Total |  | $ | 552,973 |  | $ | 221,141 |  | $ | 1,206,984 | $ | 1,981,098 |  | $ | 18,242,783 |  | $ | 20,223,881 |  |  | $ | 735,683 |  | $ | 471,301
[1] | Loans included as 90 days or more past due include loans that that are not delinquent in their payment terms but that are reported as non-performing due to other credit quality considerations. As part of the adoption of CECL, at January 1, 2020, the Corporation reclassified to this category $134 million of acquired loans with credit deterioration that were previously accounted for under ASC 310-30 and were excluded from non-performing status. In addition, as part of the CECL transition, an additional $125 million of loans that were 90 days or more past due previously accounted for under ASC 310-30 and excluded from non-performing status are now included as non-performing.
March 31, 2020
Popular U.S.
|  |  |  | Past due |  |  |  |  |  |  |  | Past due 90 days or more
|  |  | 30-59 |  | 60-89 |  | 90 days |  | Total |  |  |  |  |  |  | Non-accrual |  |  | Accruing
(In thousands) |  | days |  | days |  | or more |  | past due |  | Current |  | Loans HIP |  |  | loans |  | loans
Commercial multi-family |  | $ | 974 |  | $ | - |  | $ | 2,097 |  | $ | 3,071 |  | $ | 1,627,274 |  | $ | 1,630,345 |  |  | $ | 2,097 |  | $ | -
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-owner occupied |  |  | 25,944 |  |  | - |  |  | 269 |  |  | 26,213 |  |  | 1,950,611 |  |  | 1,976,824 |  |  |  | 269 |  |  | -
| Owner occupied |  |  | 3,910 |  |  | - |  |  | 245 |  |  | 4,155 |  |  | 338,805 |  |  | 342,960 |  |  |  | 245 |  |  | -
Commercial and industrial |  |  | 1,067 |  |  | 3,546 |  |  | 4,793 |  |  | 9,406 |  |  | 1,208,452 |  |  | 1,217,858 |  |  |  | 4,793 |  |  | -
Construction |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 737,990 |  |  | 737,990 |  |  |  | - |  |  | -
Mortgage |  |  | 25,639 |  |  | 391 |  |  | 12,176 |  |  | 38,206 |  |  | 1,040,543 |  |  | 1,078,749 |  |  |  | 12,176 |  |  | -
Legacy |  |  | 37 |  |  | 41 |  |  | 1,980 |  |  | 2,058 |  |  | 18,377 |  |  | 20,435 |  |  |  | 1,980 |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Credit cards |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 36 |  |  | 36 |  |  |  | - |  |  | -
| Home equity lines of credit |  |  | 1,438 |  |  | 72 |  |  | 9,322 |  |  | 10,832 |  |  | 106,579 |  |  | 117,411 |  |  |  | 9,322 |  |  | -
| Personal |  |  | 2,687 |  |  | 1,632 |  |  | 2,110 |  |  | 6,429 |  |  | 308,559 |  |  | 314,988 |  |  |  | 2,110 |  |  | -
| Other |  |  | 21 |  |  | - |  |  | - |  |  | 21 |  |  | 774 |  |  | 795 |  |  |  | - |  |  | -
Total |  | $ | 61,717 |  | $ | 5,682 |  | $ | 32,992 |  | $ | 100,391 |  | $ | 7,338,000 |  | $ | 7,438,391 |  |  | $ | 32,992 |  | $ | -
March 31, 2020
Popular, Inc.
|  |  | Past due |  |  |  |  |  |  |  | Past due 90 days or more
|  | 30-59 |  | 60-89 |  | 90 days | Total |  |  |  |  |  | Non-accrual |  |  | Accruing
(In thousands) | days |  | days |  | or more[3] | past due |  | Current |  | Loans HIP[4] [5] |  |  | loans |  | loans
Commercial multi-family | $ | 9,356 |  | $ | 359 |  | $ | 3,476 | $ | 13,191 |  | $ | 1,764,419 |  | $ | 1,777,610 |  |  | $ | 3,476 |  | $ | -
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-owner occupied |  | 30,576 |  |  | 4,382 |  |  | 109,323 |  | 144,281 |  |  | 3,919,442 |  |  | 4,063,723 |  |  |  | 109,323 |  |  | -
| Owner occupied |  | 15,559 |  |  | 4,276 |  |  | 102,132 |  | 121,967 |  |  | 1,799,404 |  |  | 1,921,371 |  |  |  | 102,132 |  |  | -
Commercial and industrial |  | 18,179 |  |  | 7,154 |  |  | 44,073 |  | 69,406 |  |  | 4,666,859 |  |  | 4,736,265 |  |  |  | 43,577 |  |  | 496
Construction |  | 4,411 |  |  | - |  |  | - |  | 4,411 |  |  | 897,969 |  |  | 902,380 |  |  |  | - |  |  | -
Mortgage[1] |  | 365,287 |  |  | 142,232 |  |  | 866,281 |  | 1,373,800 |  |  | 5,720,957 |  |  | 7,094,757 |  |  |  | 416,641 |  |  | 449,640
Leasing |  | 18,301 |  |  | 5,938 |  |  | 4,076 |  | 28,315 |  |  | 1,060,227 |  |  | 1,088,542 |  |  |  | 4,076 |  |  | -
Legacy[2] |  | 37 |  |  | 41 |  |  | 1,980 |  | 2,058 |  |  | 18,377 |  |  | 20,435 |  |  |  | 1,980 |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Credit cards |  | 14,062 |  |  | 9,297 |  |  | 20,588 |  | 43,947 |  |  | 1,020,776 |  |  | 1,064,723 |  |  |  | - |  |  | 20,588
| Home equity lines of credit |  | 1,487 |  |  | 123 |  |  | 9,415 |  | 11,025 |  |  | 111,315 |  |  | 122,340 |  |  |  | 9,322 |  |  | 93
| Personal |  | 26,384 |  |  | 14,710 |  |  | 38,235 |  | 79,329 |  |  | 1,698,885 |  |  | 1,778,214 |  |  |  | 38,174 |  |  | 61
| Auto |  | 110,408 |  |  | 38,018 |  |  | 26,431 |  | 174,857 |  |  | 2,779,293 |  |  | 2,954,150 |  |  |  | 26,431 |  |  | -
| Other |  | 643 |  |  | 293 |  |  | 13,966 |  | 14,902 |  |  | 122,860 |  |  | 137,762 |  |  |  | 13,543 |  |  | 423
Total | $ | 614,690 |  | $ | 226,823 |  | $ | 1,239,976 | $ | 2,081,489 |  | $ | 25,580,783 |  | $ | 27,662,272 |  |  | $ | 768,675 |  | $ | 471,301
[1] | It is the Corporation’s policy to report delinquent residential mortgage loans insured by FHA or guaranteed by the VA as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured.
[2] | The legacy portfolio is comprised of commercial loans, construction loans and lease financings related to certain lending products exited by the Corporation as part of restructuring efforts carried out in prior years at the Popular U.S. segment.
[3] | Loans included as 90 days or more past due include loans that that are not delinquent in their payment terms but that are reported as non-performing due to other credit quality considerations. As part of the adoption of CECL, at January 1, 2020, the Corporation reclassified to this category $134 million of acquired loans with credit deterioration that were previously accounted for under ASC 310-30 and were excluded from non-performing status. In addition, as part of the CECL transition, an additional $144 million of loans that were 90 days or more past due previously accounted for under ASC 310-30 and excluded from non-performing status are now included as non-performing.
[4] | Loans held-in-portfolio are net of $ 186 million in unearned income and exclude $ 88 million in loans held-for-sale.
[5] | Includes $7.3 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $4.6 billion were pledged at the Federal Home Loan Bank ("FHLB") as collateral for borrowings and $2.7 billion at the Federal Reserve Bank ("FRB") for discount window borrowings.
December 31, 2019
Puerto Rico
|  |  |  | Past due |  |  |  |  |  |  |  | Past due 90 days or more
|  |  |  | 30-59 |  |  | 60-89 |  |  | 90 days |  | Total |  |  |  |  |  |  |  | Non-accrual |  |  | Accruing
(In thousands) |  |  | days |  |  | days |  |  | or more |  | past due |  | Current |  | Loans HIP |  |  | loans |  | loans[1]
Commercial multi-family |  | $ | 2,941 |  | $ | 129 |  | $ | 1,512 |  | $ | 4,582 |  | $ | 143,267 |  | $ | 147,849 |  |  | $ | 1,473 |  | $ | -
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-owner occupied |  |  | 10,439 |  |  | 5,244 |  |  | 43,664 |  |  | 59,347 |  |  | 2,048,871 |  |  | 2,108,218 |  |  |  | 39,968 |  |  | -
| Owner occupied |  |  | 5,704 |  |  | 3,978 |  |  | 84,537 |  |  | 94,219 |  |  | 1,492,110 |  |  | 1,586,329 |  |  |  | 69,276 |  |  | -
Commercial and industrial |  |  | 8,780 |  |  | 1,646 |  |  | 37,156 |  |  | 47,582 |  |  | 3,371,152 |  |  | 3,418,734 |  |  |  | 36,538 |  |  | 544
Construction |  |  | 1,555 |  |  | - |  |  | 119 |  |  | 1,674 |  |  | 135,796 |  |  | 137,470 |  |  |  | 119 |  |  | -
Mortgage |  |  | 285,006 |  |  | 146,197 |  |  | 837,651 |  |  | 1,268,854 |  |  | 4,897,894 |  |  | 6,166,748 |  |  |  | 283,708 |  |  | 439,662
Leasing |  |  | 12,014 |  |  | 3,053 |  |  | 3,657 |  |  | 18,724 |  |  | 1,040,783 |  |  | 1,059,507 |  |  |  | 3,657 |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Credit cards |  |  | 11,358 |  |  | 7,928 |  |  | 19,461 |  |  | 38,747 |  |  | 1,085,053 |  |  | 1,123,800 |  |  |  | - |  |  | 19,461
| Home equity lines of credit |  |  | - |  |  | 85 |  |  | - |  |  | 85 |  |  | 4,953 |  |  | 5,038 |  |  |  | - |  |  | -
| Personal |  |  | 13,481 |  |  | 9,352 |  |  | 20,296 |  |  | 43,129 |  |  | 1,325,021 |  |  | 1,368,150 |  |  |  | 19,529 |  |  | 61
| Auto |  |  | 81,169 |  |  | 23,182 |  |  | 31,148 |  |  | 135,499 |  |  | 2,782,023 |  |  | 2,917,522 |  |  |  | 31,148 |  |  | -
| Other |  |  | 358 |  |  | 1,418 |  |  | 14,189 |  |  | 15,965 |  |  | 124,902 |  |  | 140,867 |  |  |  | 13,784 |  |  | 405
Total |  | $ | 432,805 |  | $ | 202,212 |  | $ | 1,093,390 |  | $ | 1,728,407 |  | $ | 18,451,825 |  | $ | 20,180,232 |  |  | $ | 499,200 |  | $ | 460,133
[1] | Loans HIP of $134 million accounted for under ASC Subtopic 310-30 are excluded from the above table as they are considered to be performing due to the application of the accretion method, in which these loans would accrete interest income over the remaining life of the loans using estimated cash flow analysis.
December 31, 2019
Popular U.S.
|  |  |  | Past due |  |  |  |  |  |  |  |  | Past due 90 days or more
|  |  |  | 30-59 |  |  | 60-89 |  |  | 90 days |  |  | Total |  |  |  |  |  |  |  | Non-accrual |  |  | Accruing
(In thousands) |  |  | days |  |  | days |  |  | or more |  |  | past due |  |  | Current |  |  | Loans HIP |  |  | loans |  | loans[1]
Commercial multi-family |  | $ | 9 |  | $ | - |  | $ | 2,097 |  | $ | 2,106 |  | $ | 1,645,204 |  | $ | 1,647,310 |  |  | $ | 2,097 |  | $ | -
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-owner occupied |  |  | 1,047 |  |  | - |  |  | 281 |  |  | 1,328 |  |  | 1,868,968 |  |  | 1,870,296 |  |  |  | 281 |  |  | -
| Owner occupied |  |  | 1,750 |  |  | - |  |  | 251 |  |  | 2,001 |  |  | 337,134 |  |  | 339,135 |  |  |  | 251 |  |  | -
Commercial and industrial |  |  | 454 |  |  | 128 |  |  | 19,945 |  |  | 20,527 |  |  | 1,174,353 |  |  | 1,194,880 |  |  |  | 876 |  |  | -
Construction |  |  | - |  |  | - |  |  | 26 |  |  | 26 |  |  | 693,596 |  |  | 693,622 |  |  |  | 26 |  |  | -
Mortgage |  |  | 15,474 |  |  | 4,024 |  |  | 11,091 |  |  | 30,589 |  |  | 986,195 |  |  | 1,016,784 |  |  |  | 11,091 |  |  | -
Legacy |  |  | 49 |  |  | 8 |  |  | 1,999 |  |  | 2,056 |  |  | 20,049 |  |  | 22,105 |  |  |  | 1,999 |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Credit cards |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 36 |  |  | 36 |  |  |  | - |  |  | -
| Home equity lines of credit |  |  | 404 |  |  | 267 |  |  | 9,954 |  |  | 10,625 |  |  | 106,718 |  |  | 117,343 |  |  |  | 9,954 |  |  | -
| Personal |  |  | 2,286 |  |  | 1,582 |  |  | 2,066 |  |  | 5,934 |  |  | 318,506 |  |  | 324,440 |  |  |  | 2,066 |  |  | -
| Other |  |  | 3 |  |  | - |  |  | - |  |  | 3 |  |  | 687 |  |  | 690 |  |  |  | - |  |  | -
Total |  | $ | 21,476 |  | $ | 6,009 |  | $ | 47,710 |  | $ | 75,195 |  | $ | 7,151,446 |  | $ | 7,226,641 |  |  | $ | 28,641 |  | $ | -
[1] | Loans HIP of $ 19 million accounted for under ASC Subtopic 310-30 are excluded from the above table as they are considered to be performing due to the application of the accretion method, in which these loans would accrete interest income over the remaining life of the loans using estimated cash flow analysis.
December 31, 2019
Popular, Inc.
|  |  | Past due |  |  |  |  |  |  |  | Past due 90 days or more
|  |  | 30-59 |  |  | 60-89 |  |  | 90 days |  |  | Total |  |  |  |  |  |  | Non-accrual |  |  | Accruing
(In thousands) |  | days |  |  | days |  |  | or more |  |  | past due |  | Current |  | Loans HIP[3] [4] |  |  | loans |  | loans[5]
Commercial multi-family | $ | 2,950 |  | $ | 129 |  | $ | 3,609 |  | $ | 6,688 |  | $ | 1,788,471 |  | $ | 1,795,159 |  |  | $ | 3,570 |  | $ | -
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-owner occupied |  | 11,486 |  |  | 5,244 |  |  | 43,945 |  |  | 60,675 |  |  | 3,917,839 |  |  | 3,978,514 |  |  |  | 40,249 |  |  | -
| Owner occupied |  | 7,454 |  |  | 3,978 |  |  | 84,788 |  |  | 96,220 |  |  | 1,829,244 |  |  | 1,925,464 |  |  |  | 69,527 |  |  | -
Commercial and industrial |  | 9,234 |  |  | 1,774 |  |  | 57,101 |  |  | 68,109 |  |  | 4,545,505 |  |  | 4,613,614 |  |  |  | 37,414 |  |  | 544
Construction |  | 1,555 |  |  | - |  |  | 145 |  |  | 1,700 |  |  | 829,392 |  |  | 831,092 |  |  |  | 145 |  |  | -
Mortgage[1] |  | 300,480 |  |  | 150,221 |  |  | 848,742 |  |  | 1,299,443 |  |  | 5,884,089 |  |  | 7,183,532 |  |  |  | 294,799 |  |  | 439,662
Leasing |  | 12,014 |  |  | 3,053 |  |  | 3,657 |  |  | 18,724 |  |  | 1,040,783 |  |  | 1,059,507 |  |  |  | 3,657 |  |  | -
Legacy[2] |  | 49 |  |  | 8 |  |  | 1,999 |  |  | 2,056 |  |  | 20,049 |  |  | 22,105 |  |  |  | 1,999 |  |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Credit cards |  | 11,358 |  |  | 7,928 |  |  | 19,461 |  |  | 38,747 |  |  | 1,085,089 |  |  | 1,123,836 |  |  |  | - |  |  | 19,461
| Home equity lines of credit |  | 404 |  |  | 352 |  |  | 9,954 |  |  | 10,710 |  |  | 111,671 |  |  | 122,381 |  |  |  | 9,954 |  |  | -
| Personal |  | 15,767 |  |  | 10,934 |  |  | 22,362 |  |  | 49,063 |  |  | 1,643,527 |  |  | 1,692,590 |  |  |  | 21,595 |  |  | 61
| Auto |  | 81,169 |  |  | 23,182 |  |  | 31,148 |  |  | 135,499 |  |  | 2,782,023 |  |  | 2,917,522 |  |  |  | 31,148 |  |  | -
| Other |  | 361 |  |  | 1,418 |  |  | 14,189 |  |  | 15,968 |  |  | 125,589 |  |  | 141,557 |  |  |  | 13,784 |  |  | 405
Total | $ | 454,281 |  | $ | 208,221 |  | $ | 1,141,100 |  | $ | 1,803,602 |  | $ | 25,603,271 |  | $ | 27,406,873 |  |  | $ | 527,841 |  | $ | 460,133
[1] | It is the Corporation’s policy to report delinquent residential mortgage loans insured by FHA or guaranteed by the VA as accruing loans past due 90 days or more as opposed to non-performing since the principal repayment is insured.
[2] | The legacy portfolio is comprised of commercial loans, construction loans and lease financings related to certain lending products exited by the Corporation as part of restructuring efforts carried out in prior years at the Popular U.S. segment.
[3] | Loans held-in-portfolio are net of $ 181 million in unearned income and exclude $ 59 million in loans held-for-sale.
[4] | Includes $6.7 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $4.6 billion were pledged at the FHLB as collateral for borrowings and $2.1 billion at the FRB for discount window borrowings.
[5] | Loans HIP of $153 million accounted for under ASC Subtopic 310-30 are excluded from the above table as they are considered to be performing due to the application of the accretion method, in which these loans would accrete interest income over the remaining life of the loans using estimated cash flow analysis.
Collateral dependent financial assets |
|  | March 31, 2020
(In thousands) |  | Real Estate |  | Auto |  | Equipment |  | Taxi Medallions |  | Accounts Receivables |  | Other |  | Total
Puerto Rico |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-owner occupied | $ | 291,083 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 291,083
| Owner occupied |  | 62,330 |  | - |  | - |  | - |  | - |  | - |  | 62,330
Commercial and industrial |  | 3,965 |  | - |  | - |  | - |  | 13,612 |  | 9,565 |  | 27,142
Mortgage |  | 195,783 |  | - |  | - |  | - |  | - |  | - |  | 195,783
Leases |  | - |  | 187 |  | 4 |  | - |  | - |  | - |  | 191
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto |  | - |  | 1,549 |  | - |  | - |  | - |  | - |  | 1,549
Total Puerto Rico | $ | 553,161 | $ | 1,736 | $ | 4 | $ | - | $ | 13,612 | $ | 9,565 | $ | 578,078
Popular U.S. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial multi-family | $ | 2,097 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 2,097
Commercial and industrial |  | - |  | - |  | - |  | 4,430 |  | - |  | - |  | 4,430
Mortgage |  | 717 |  | - |  | - |  | - |  | - |  | - |  | 717
Total Popular U.S. | $ | 2,814 | $ | - | $ | - | $ | 4,430 | $ | - | $ | - | $ | 7,244
Popular, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Commercial multi-family | $ | 2,097 | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 2,097
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Non-owner occupied |  | 291,083 |  | - |  | - |  | - |  | - |  | - |  | 291,083
| Owner occupied |  | 62,330 |  | - |  | - |  | - |  | - |  | - |  | 62,330
Commercial and industrial |  | 3,965 |  | - |  | - |  | 4,430 |  | 13,612 |  | 9,565 |  | 31,572
Mortgage |  | 196,500 |  | - |  | - |  | - |  | - |  | - |  | 196,500
Leases |  | - |  | 187 |  | 4 |  | - |  | - |  | - |  | 191
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Auto |  | - |  | 1,549 |  | - |  | - |  | - |  | - |  | 1,549
Total Popular, Inc. | $ | 555,975 | $ | 1,736 | $ | 4 | $ | 4,430 | $ | 13,612 | $ | 9,565 | $ | 585,322
Financing receivable non accrual status |
March 31, 2020
| Puerto Rico |  | Popular U.S. |  | Popular, Inc.
(In thousands) | Non-accrual with no allowance | Non-accrual with allowance | Interest income recognized |  | Non-accrual with no allowance | Non-accrual with allowance | Interest income recognized |  | Non-accrual with no allowance | Non-accrual with allowance | Interest income recognized
Commercial multi-family | $ | - | $ | 1,379 | $ | 1 |  | $ | 2,097 | $ | - | $ | - |  | $ | 2,097 | $ | 1,379 | $ | 1
Commercial real estate non-owner occupied |  | 41,150 |  | 67,904 |  | 193 |  |  | - |  | 269 |  | - |  |  | 41,150 |  | 68,173 |  | 193
Commercial real estate owner occupied |  | 31,003 |  | 70,884 |  | 519 |  |  | - |  | 245 |  | - |  |  | 31,003 |  | 71,129 |  | 519
Commercial and industrial |  | 24,922 |  | 13,862 |  | 209 |  |  | 4,431 |  | 362 |  | - |  |  | 29,353 |  | 14,224 |  | 209
Construction |  | - |  | - |  | - |  |  | - |  | - |  | - |  |  | - |  | - |  | -
Mortgage |  | 138,066 |  | 266,399 |  | 1,115 |  |  | - |  | 12,176 |  | 37 |  |  | 138,066 |  | 278,575 |  | 1,152
Leasing |  | 242 |  | 3,834 |  | (35) |  |  | - |  | - |  | - |  |  | 242 |  | 3,834 |  | (35)
Legacy |  | - |  | - |  | - |  |  | - |  | 1,980 |  | - |  |  | - |  | 1,980 |  | -
Consumer: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
HELOCs |  | - |  | - |  | - |  |  | - |  | 9,322 |  | 8 |  |  | - |  | 9,322 |  | 8
Personal |  | 7,346 |  | 28,718 |  | 524 |  |  | - |  | 2,110 |  | 161 |  |  | 7,346 |  | 30,828 |  | 685
Auto |  | 1,549 |  | 24,882 |  | 407 |  |  | - |  | - |  | - |  |  | 1,549 |  | 24,882 |  | 407
Other |  | - |  | 13,543 |  | 128 |  |  | - |  | - |  | - |  |  | - |  | 13,543 |  | 128
Total | $ | 244,278 | $ | 491,405 | $ | 3,061 |  | $ | 6,528 | $ | 26,464 | $ | 206 |  | $ | 250,806 | $ | 517,869 | $ | 3,267

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