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Loans

9 Months Ended

Sep. 30, 2020

Note 8 – Loans

For a summary of the accounting policies related to loans, interest recognition and allowance for loan losses refer to Note 2 - Summary of significant accounting policies of the 2019 Form 10-K and Note 4 in this Form 10-Q.

During the quarter and nine months ended September 30, 2020, the Corporation recorded purchases (including repurchases) of mortgage loans amounting to $941 million and $1.1 billion, respectively; including $137 million and $143 million in PCD loans, respectively. These mortgage loan repurchases included a bulk repurchase transaction of $688 million in GNMA loans, of which $684 million are included in the 90 days past due category, including $324 million which were included in the Corporation’s ending portfolio balance at June 30, 2020, since due to the delinquency status of the loans the Corporation had the right but not the obligation to repurchase the assets and is required to recognize (rebook) these loans in accordance with U.S. GAAP. The bulk loan repurchases also included $120 million in loans from the FNMA and FHMLC servicing portfolio, subject to credit recourse which were considered PCD loans.

There were no purchases of commercial and consumer loans during the quarter ended September 30, 2020. During the nine months ended September 30, 2020, the Corporation recorded purchases of commercial loans of $3 million and consumer loans of $56 million.

During the quarter and nine months ended September 30, 2019, the Corporation recorded purchases (including repurchases) of mortgage loans amounting to $81 million and $266 million, respectively; and purchases of consumer loans of $64 million and $222 million, respectively. There were no purchases of commercial loans (including loan participations) for the quarter ended September 30, 2019; $43 million for the nine months ended September 30, 2019.

The Corporation performed whole-loan sales involving approximately $62 million and $101 million of residential mortgage loans during the quarter and nine months ended September 30, 2020, respectively (September 30, 2019 - $18 million and $46 million, respectively). Also, the Corporation securitized approximately $100 million and $ 214 million of mortgage loans into Government National Mortgage Association (“GNMA”) mortgage-backed securities during the quarter and nine months ended September 30, 2020, respectively (September 30, 2019 - $ 88 million and $247 million, respectively). Furthermore, the Corporation securitized approximately $ 54 million and $ 94 million of mortgage loans into Federal National Mortgage Association (“FNMA”) mortgage-backed securities during the quarter and nine months ended September 30, 2020, respectively (September 30, 2019 - $ 33 million and $ 84 million, respectively). During the quarter and nine months ended September 30, 2020, the Corporation performed sales of commercial and construction loans, including loan participations amounting to $1 million and $7 million, respectively (September 30, 2019 - $47 million and $81 million, respectively).

Delinquency status

The following tables present the composition 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 September 30, 2020 and December 31, 2019.

September 30, 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		$	3,480	$	129	$	1,400	$	5,009	$	139,169	$	144,178	$	1,400	$	-
Commercial real estate:
	Non-owner occupied		19,523		2,014		98,811		120,348		1,950,794		2,071,142		98,811		-
	Owner occupied		10,187		4,223		97,453		111,863		1,458,412		1,570,275		97,453		-
Commercial and industrial			6,809		6,376		45,013		58,198		4,233,554		4,291,752		44,320		693
Construction			4,895		-		21,514		26,409		169,656		196,065		21,514		-
Mortgage			336,824		59,386		1,567,504		1,963,714		4,863,266		6,826,980		370,060		1,197,444	^[2]
Leasing			8,254		2,450		3,217		13,921		1,139,187		1,153,108		3,217		-
Consumer:
	Credit cards		6,125		6,305		14,505		26,935		904,604		931,539		-		14,505
	Home equity lines of credit		181		-		58		239		4,075		4,314		-		58
	Personal		13,166		7,569		29,343		50,078		1,255,707		1,305,785		29,343		-
	Auto		39,887		10,377		13,454		63,718		2,981,735		3,045,453		13,454		-
	Other		190		1,224		14,348		15,762		108,290		124,052		14,104		244
Total		$	449,521	$	100,053	$	1,906,620	$	2,456,194	$	19,208,449	$	21,664,643	$	693,676	$	1,212,944
[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.
[2]	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. These include $161 million in loans rebooked under the GNMA program at September 30, 2020, in which issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. During the third quarter the Corporation purchased $688 million in GNMA loans of which $684 million are included in the 90 days past due category including $324 million previously accounted under the repurchase option at June 30, 2020.

September 30, 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		$	-	$	-	$	1,755	$	1,755	$	1,734,982	$	1,736,737	$	1,755	$	-
Commercial real estate:
	Non-owner occupied		-		-		396		396		1,938,617		1,939,013		396		-
	Owner occupied		653		-		342		995		360,131		361,126		342		-
Commercial and industrial			552		50		3,901		4,503		1,492,648		1,497,151		3,901		-
Construction			-		-		9,069		9,069		731,140		740,209		9,069		-
Mortgage			2,467		6,433		14,484		23,384		1,074,077		1,097,461		14,484		-
Legacy			41		16		1,360		1,417		14,751		16,168		1,360		-
Consumer:
	Credit cards		-		3		3		6		25		31		-		3
	Home equity lines of credit		1,257		351		7,586		9,194		95,715		104,909		7,586		-
	Personal		1,641		1,597		1,770		5,008		228,754		233,762		1,770		-
	Other		22		2		29		53		1,247		1,300		29		-
Total		$	6,633	$	8,452	$	40,695	$	55,780	$	7,672,087	$	7,727,867	$	40,692	$	3

September 30, 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		$	3,480	$	129	$	3,155	$	6,764	$	1,874,151	$	1,880,915	$	3,155	$	-
Commercial real estate:
	Non-owner occupied		19,523		2,014		99,207		120,744		3,889,411		4,010,155		99,207		-
	Owner occupied		10,840		4,223		97,795		112,858		1,818,543		1,931,401		97,795		-
Commercial and industrial			7,361		6,426		48,914		62,701		5,726,202		5,788,903		48,221		693
Construction			4,895		-		30,583		35,478		900,796		936,274		30,583		-
Mortgage^[1]			339,291		65,819		1,581,988		1,987,098		5,937,343		7,924,441		384,544		1,197,444	^[6]
Leasing			8,254		2,450		3,217		13,921		1,139,187		1,153,108		3,217		-
Legacy^[2]			41		16		1,360		1,417		14,751		16,168		1,360		-
Consumer:
	Credit cards		6,125		6,308		14,508		26,941		904,629		931,570		-		14,508
	Home equity lines of credit		1,438		351		7,644		9,433		99,790		109,223		7,586		58
	Personal		14,807		9,166		31,113		55,086		1,484,461		1,539,547		31,113		-
	Auto		39,887		10,377		13,454		63,718		2,981,735		3,045,453		13,454		-
	Other		212		1,226		14,377		15,815		109,537		125,352		14,133		244
Total		$	456,154	$	108,505	$	1,947,315	$	2,511,974	$	26,880,536	$	29,392,510	$	734,368	$	1,212,947

[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 $ 194 million in unearned income and exclude $ 103 million in loans held-for-sale.
[5]	Includes $6.8 billion pledged to secure credit facilities and public funds that the secured parties are not permitted to sell or repledge the collateral, of which $4.2 billion were pledged at the Federal Home Loan Bank ("FHLB") as collateral for borrowings and $2.6 billion at the Federal Reserve Bank ("FRB") for discount window borrowings.
[6]	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. During the third quarter the Corporation purchased $688 million in GNMA loans of which $684 are included in the 90 days past due category including $324 million previously accounted under the repurchase option at June 30, 2020.These include loans rebooked, which were previously pooled into GNMA securities amounting to $161 million. Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to the repurchase option are required to be reflected (rebooked)on the financial statements of BPPR with an offsetting liability. Loans in our serviced GNMA portfolio benefit from payment forbearance programs but continue to reflect the contractual delinquency until the borrower repays deferred payments or completes a payment deferral modification or other borrower assistance alternative.

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.

Recognition of interest income on mortgage loans is generally discontinued when loans are 90 days or more in arrears on payments of principal or interest. The Corporation discontinues the recognition of interest income on residential mortgage loans insured by the Federal Housing Administration (“FHA”) or guaranteed by the U.S. Department of Veterans Affairs (“VA”) when 15 months delinquent as to principal or interest, since the principal repayment on these loans is insured.

At September 30, 2020, mortgage loans held-in-portfolio include $2.1 billion (December 31, 2019 - $1.4 billion) of loans insured by the Federal Housing Administration (“FHA”), or guaranteed by the U.S. Department of Veterans Affairs (“VA”) of which $1.2 billion (December 31, 2019 - $441 million) are 90 days or more past due, including $688 million which were included in the Corporation’s bulk loan repurchases completed during the third quarter of 2020 (of which $684 million are included in the 90 days past due category including $324 million previously accounted under the repurchase option at June 30, 2020). These balances include $650 million in loans modified under a TDR (December 31, 2019 - $625 million), that are presented as accruing loans. The portfolio of U.S. guaranteed loans includes $318 million of residential mortgage loans in Puerto Rico that are no longer accruing interest as of September 30, 2020 (December 31, 2019 - $213 million). The Corporation has approximately $60 million in reverse mortgage loans in Puerto Rico which are guaranteed by FHA, but which are currently not accruing interest at September 30, 2020 (December 31, 2019 - $65 million).

Loans with a delinquency status of 90 days past due as of September 30, 2020 include $161 million in loans previously pooled into GNMA securities (December 31, 2019 - $103 million). Under the GNMA program, issuers such as BPPR have the option but not the obligation to repurchase loans that are 90 days or more past due. For accounting purposes, these loans subject to the repurchase option are required to be reflected on the financial statements of BPPR with an offsetting liability. Loans in our serviced GNMA portfolio benefit from payment forbearance programs but continue to reflect the contractual delinquency until the borrower repays deferred payments or completes a payment deferral modification or other borrower assistance alternative.

The following table presents the amortized cost basis of non-accrual loans as of September 30, 2020 by class of loans and the related interest income recognized on these loans:

September 30, 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	$	-	$	1,400	$	1	$	1,755	$	-	$	-	$	1,755	$	1,400	$	1
Commercial real estate non-owner occupied		19,008		79,803		337		-		396		-		19,008		80,199		337
Commercial real estate owner occupied		21,927		75,526		672		-		342		-		21,927		75,868		672
Commercial and industrial		21,147		23,173		127		1,800		2,101		-		22,947		25,274		127
Construction		-		21,514		52		-		9,069		-		-		30,583		52
Mortgage		145,243		224,817		727		526		13,958		60		145,769		238,775		787
Leasing		-		3,217		2		-		-		-		-		3,217		2
Legacy		-		-		-		-		1,360		-		-		1,360		-
Consumer:
HELOCs		-		-		-		-		7,586		1		-		7,586		1
Personal		7,212		22,131		227		-		1,770		4		7,212		23,901		231
Auto		-		13,454		34		-		-		-		-		13,454		34
Other		-		14,104		121		-		29		-		-		14,133		121
Total	$	214,537	$	479,139	$	2,300	$	4,081	$	36,611	$	65	$	218,618	$	515,750	$	2,365

Loans in non-accrual status with no allowance include $218 million in collateral dependent loans.

The Corporation has designated loans classified as collateral dependent for which it applies the practical expedient to measure the ACL based on the fair value of the collateral less cost to sell, when the repayment is expected to be provided substantially by the sale or operation of the collateral and the borrower is experiencing financial difficulty. The fair value of the collateral is based on appraisals, which may be adjusted due to their age, and the type, location, and condition of the property or area or general market conditions to reflect the expected change in value between the effective date of the appraisal and the measurement date. Appraisals are updated every one to two years depending on the type of loan and the total exposure of the borrower.

The following table present the amortized cost basis of collateral-dependent loans by class of loans and type of collateral as of September 30, 2020:

		September 30, 2020
(In thousands)			Real Estate		Auto		Equipment		Taxi Medallions		Accounts Receivables		Other		Total
Puerto Rico
Commercial multi-family		$	2,265	$	-	$	-	$	-	$	-	$	-	$	2,265
Commercial real estate:
	Non-owner occupied		324,143		-		-		-		-		-		324,143
	Owner occupied		83,963		-		-		-		-		-		83,963
Commercial and industrial			8,911		-		996		-		12,934		17,538		40,379
Construction			21,514		-		-		-		-		-		21,514
Mortgage			184,300		-		-		-		-		-		184,300
Consumer:
	Personal		5,480		-		-		-		-		-		5,480
Total Puerto Rico		$	630,576	$	-	$	996	$	-	$	12,934	$	17,538	$	662,044
Popular U.S.
Commercial multi-family		$	1,755	$	-	$	-	$	-	$	-	$	-	$	1,755
Commercial and industrial			-		-		-		3,607		-		-		3,607
Construction			9,069		-		-		-		-		-		9,069
Mortgage			527		-		-		-		-		-		527
Total Popular U.S.		$	11,351	$	-	$	-	$	3,607	$	-	$	-	$	14,958
Popular, Inc.
Commercial multi-family		$	4,020	$	-	$	-	$	-	$	-	$	-	$	4,020
Commercial real estate:
	Non-owner occupied		324,143		-		-		-		-		-		324,143
	Owner occupied		83,963		-		-		-		-		-		83,963
Commercial and industrial			8,911		-		996		3,607		12,934		17,538		43,986
Construction			30,583		-		-		-		-		-		30,583
Mortgage			184,827		-		-		-		-		-		184,827
Consumer:
	Personal		5,480		-		-		-		-		-		5,480
Total Popular, Inc.		$	641,927	$	-	$	996	$	3,607	$	12,934	$	17,538	$	677,002

Purchased Credit Deteriorated Loans (PCD)

The Corporation has purchased loans during the quarter and nine months ended, 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)		For the quarter ended September 30, 2020		For the nine months ended September 30, 2020
Purchase price of loans at acquisition	$	132,738	$	137,477
Allowance for credit losses at acquisition		4,823		5,819
Non-credit discount/premium at acquisition		(6,485)		(6,273)
Par value of acquired loans at acquisition	$	131,076	$	137,023

Loans acquired with deteriorated credit quality accounted for under ASC 310-30

The following provides information of loans acquired with evidence of credit deterioration as of the acquisition date, accounted for under the guidance of ASC 310-30.

The outstanding principal balance of acquired loans accounted pursuant to ASC Subtopic 310-30, amounted $1.9 billion at December 31, 2019. The carrying amount of these loans consisted of loans determined to be impaired at the time of acquisition, which are accounted for in accordance with ASC Subtopic 310-30 (“credit impaired loans”), and loans that were considered to be performing at the acquisition date, accounted for by analogy to ASC Subtopic 310-30 (“non-credit impaired loans”).

The following table provides the carrying amount of acquired loans accounted for under ASC 310-30 by portfolio at December 31, 2019.

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

At December 31, 2019, none of the acquired loans accounted for under ASC Subtopic 310-30 were considered non-performing loans. Therefore, interest income, through accretion of the difference between the carrying amount of the loans and the expected cash flows, was recognized on all acquired loans.

Changes in the carrying amount and the accretable yield for the loans accounted pursuant to the ASC Subtopic 310-30, for the quarter and nine months ended September 30, 2019, were as follows:

Carrying amount of acquired loans accounted for pursuant to ASC 310-30
(In thousands)			For the quarter ended September 30, 2019		For the nine months ended September 30, 2019
Beginning balance		$	1,789,237	$	1,883,556
Additions			11,891		27,639
Accretion			35,502		111,083
Collections / loan sales / charge-offs			(134,256)		(319,904)
Ending balance^[1]		$	1,702,374	$	1,702,374
Allowance for loan losses			(94,610)		(94,610)
Ending balance, net of ALLL		$	1,607,764	$	1,607,764
[1]	At September 30, 2019, includes $1.2 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 September 30, 2019		For the nine months ended September 30, 2019
Beginning balance		$	1,042,407	$	1,092,504
Additions			7,711		19,577
Accretion			(35,502)		(111,083)
Change in expected cash flows			5,043		18,661
Ending balance^[1]		$	1,019,659	$	1,019,659
[1]	At September 30, 2019, includes $ 0.7 billion of loans considered non-credit impaired at the acquisition date.