XML 71 R56.htm IDEA: XBRL DOCUMENT
v3.20.2

Transfers of financial assets and mortgage servicing assets (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Transfers and Servicing of Financial Assets |
Schedule Of Securitizations Of Financial Assets Accounted For As Sale [Text Block] |
|  | Proceeds Obtained During the Quarter Ended September 30, 2020
(In thousands) | Level 1 | Level 2 | Level 3 | Initial Fair Value
Assets |  |  |  |  |  |  |  |
Trading account debt securities: |  |  |  |  |  |  |  |
Mortgage-backed securities - GNMA | $ | - | $ | 99,576 | $ | - | $ | 99,576
Mortgage-backed securities - FNMA |  | - |  | 54,390 |  | - |  | 54,390
Total trading account debt securities | $ | - | $ | 153,966 | $ | - | $ | 153,966
Mortgage servicing rights | $ | - | $ | - | $ | 1,737 | $ | 1,737
Total | $ | - | $ | 153,966 | $ | 1,737 | $ | 155,703
|  | Proceeds Obtained During the Nine Months Ended September 30, 2020
(In thousands) | Level 1 | Level 2 | Level 3 | Initial Fair Value
Assets |  |  |  |  |  |  |  |
Trading account debt securities: |  |  |  |  |  |  |  |
Mortgage-backed securities - GNMA | $ | - | $ | 213,608 | $ | - | $ | 213,608
Mortgage-backed securities - FNMA |  | - |  | 93,904 |  | - |  | 93,904
Total trading account debt securities | $ | - | $ | 307,512 | $ | - | $ | 307,512
Mortgage servicing rights | $ | - | $ | - | $ | 4,324 | $ | 4,324
Total | $ | - | $ | 307,512 | $ | 4,324 | $ | 311,836
|  | Proceeds Obtained During the Quarter Ended September 30, 2019
(In thousands) | Level 1 | Level 2 | Level 3 | Initial Fair Value
Assets |  |  |  |  |  |  |  |
Trading account debt securities: |  |  |  |  |  |  |  |
Mortgage-backed securities - GNMA | $ | - | $ | 88,139 | $ | - | $ | 88,139
Mortgage-backed securities - FNMA |  | - |  | 32,519 |  | - |  | 32,519
Total trading account debt securities | $ | - | $ | 120,658 | $ | - | $ | 120,658
Mortgage servicing rights | $ | - | $ | - | $ | 2,216 | $ | 2,216
Total | $ | - | $ | 120,658 | $ | 2,216 | $ | 122,874
|  | Proceeds Obtained During the Nine Months Ended September 30, 2019
(In thousands) | Level 1 | Level 2 | Level 3 | Initial Fair Value
Assets |  |  |  |  |  |  |  |
Trading account debt securities: |  |  |  |  |  |  |  |
Mortgage-backed securities - GNMA | $ | - | $ | 247,091 | $ | - | $ | 247,091
Mortgage-backed securities - FNMA |  | - |  | 84,021 |  | - |  | 84,021
Total trading account debt securities | $ | - | $ | 331,112 | $ | - | $ | 331,112
Mortgage servicing rights | $ | - | $ | - | $ | 6,028 | $ | 6,028
Total | $ | - | $ | 331,112 | $ | 6,028 | $ | 337,140
Schedule Of Servicing Assets At Fair Value Text Block |
Residential MSRs
(In thousands) | September 30, 2020 | September 30, 2019
Fair value at beginning of period | $ | 150,906 | $ | 169,777
Additions |  | 6,006 |  | 6,728
Changes due to payments on loans[1] |  | (8,427) |  | (8,449)
Reduction due to loan repurchases |  | (9,679) |  | (1,411)
Changes in fair value due to changes in valuation model inputs or assumptions |  | (15,278) |  | (15,993)
Other disposals |  | 24 |  | -
Fair value at end of period | $ | 123,552 | $ | 150,652
[1] | Represents changes due to collection / realization of expected cash flows over time.
Schedule Of Assumptions For Fair Value On Securitization Date Of Interests Continued To Be Held By Transferor Servicing Assets Or Servicing Liabilities Text Block |
| Quarters ended |  |  | Nine months ended
| September 30, 2020 |  |  | September 30, 2019 |  |  | September 30, 2020 |  | September 30, 2019
| BPPR |  | PB |  |  | BPPR |  | PB |  |  | BPPR |  | PB |  |  | BPPR |  | PB |
Prepayment speed | 9.5 | % | 21.8 | % |  | 6.8 | % | - | % |  | 7.1 | % | 22.1 | % |  | 6.9 | % | - | %
Weighted average life (in years) | 7.3 |  | 3.6 |  |  | 9.6 |  | - |  |  | 8.9 |  | 3.5 |  |  | 9.6 |  | - |
Discount rate (annual rate) | 10.9 | % | 10.8 | % |  | 10.8 | % | - | % |  | 10.8 | % | 10.4 | % |  | 10.9 | % | - | %
Schedule of Sensitivity Analysis of Fair Value, Transferor's Interests in Transferred Financial Assets |
|  | Originated MSRs | Purchased MSRs
|  | September 30, | December 31, | September 30, | December 31,
(In thousands) | 2020 | 2019 | 2020 | 2019
Fair value of servicing rights | $ | 47,684 |  | $ | 58,842 |  | $ | 75,868 |  | $ | 92,064 |
Weighted average life (in years) |  | 6.3 |  |  | 6.7 |  |  | 5.9 |  |  | 6.3 |
Weighted average prepayment speed (annual rate) |  | 6.4 | % |  | 5.7 | % |  | 7.1 | % |  | 6.2 | %
| Impact on fair value of 10% adverse change | $ | (1,268) |  | $ | (1,303) |  | $ | (2,397) |  | $ | (2,306) |
| Impact on fair value of 20% adverse change | $ | (2,494) |  | $ | (2,568) |  | $ | (4,683) |  | $ | (4,525) |
Weighted average discount rate (annual rate) |  | 11.4 | % |  | 11.4 | % |  | 11.1 | % |  | 11.0 | %
| Impact on fair value of 10% adverse change | $ | (1,946) |  | $ | (2,381) |  | $ | (3,022) |  | $ | (3,603) |
| Impact on fair value of 20% adverse change | $ | (3,764) |  | $ | (4,596) |  | $ | (5,845) |  | $ | (6,959) |

X
- Definition Schedule Of Securitizations Of Financial Assets Accounted For As Sale [Table Text Block] + References No definition available. + Details
Name: | bpop_ScheduleOfSecuritizationsOfFinancialAssetsAccountedForAsSaleTextBlock
Namespace Prefix: | bpop_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of all information related to the key inputs and assumptions used in measuring the fair value of assets obtained or liabilities incurred, as the result of a sale of financial assets, relating to the transferor's continuing involvement, if any, at the time of securitization, asset-backed financing arrangement, or similar transfer (including at a minimum, but not limited to, and if applicable, quantitative information about discount rates, expected prepayments including the expected weighted-average life of prepayable financial assets, and anticipated credit losses, including expected static pool losses). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118948506&loc=d3e107207-111719 + Details
Name: | us-gaap_ScheduleOfAssumptionsForFairValueOnSecuritizationDateOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of a sensitivity analysis or stress test showing the hypothetical effect on the fair value of the transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) of two or more unfavorable variations from the expected levels for each key assumption that is reported, independently determined from any change in another key assumption, and a description of the objectives, methodology, and limitations of the sensitivity analysis or stress test. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118948506&loc=d3e107314-111719 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=118948506&loc=d3e107314-111719 + Details
Name: | us-gaap_ScheduleOfSensitivityAnalysisOfFairValueOfInterestsContinuedToBeHeldByTransferorServicingAssetsOrServicingLiabilitiesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the activity in the balance of servicing assets (including a description of where changes in fair value are reported in the statement of income for each period for which results of operations are presented), including but not limited to, the following: beginning and ending balances, additions (for instance, through purchases of servicing assets), disposals, changes in fair value during the period resulting from changes in inputs or assumptions used in the valuation model, other changes in fair value along with a description of those changes, and other changes that affect the balance along with a description of those changes. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 3 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122625-111746 + Details
Name: | us-gaap_ScheduleOfServicingAssetsAtFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TransfersAndServicingOfFinancialAssetsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration