XML 69 R54.htm IDEA: XBRL DOCUMENT v3.20.2
Allowance for credit losses (Tables)
 9 Months Ended
Sep. 30, 2020
Allowance for credit losses on financing receivables

For the quarter ended September 30, 2020

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Leasing

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

214,927

 

$

354

 

$

199,250

 

$

13,093

 

$

328,158

 

$

755,782

 

Provision (reversal of provision)

 

1,562

 

 

4,358

 

 

1,549

 

 

1,746

 

 

(1,533)

 

 

7,682

 

Initial allowance for credit losses - PCD Loans

 

-

 

 

-

 

 

4,823

 

 

-

 

 

-

 

 

4,823

 

Charge-offs

 

(2,059)

 

 

-

 

 

(5,217)

 

 

(957)

 

 

(25,808)

 

 

(34,041)

 

Recoveries

 

4,018

 

 

156

 

 

3,253

 

 

1,286

 

 

11,559

 

 

20,272

Ending balance

$

218,448

 

$

4,868

 

$

203,658

 

$

15,168

 

$

312,376

 

$

754,518

For the quarter ended September 30, 2020

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Legacy

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

100,029

 

$

6,063

 

$

22,987

 

$

2,052

 

$

31,521

 

$

162,652

 

Provision (reversal of provision)

 

12,159

 

 

1,403

 

 

(1,312)

 

 

(198)

 

 

(282)

 

 

11,770

 

Charge-offs

 

(458)

 

 

-

 

 

(12)

 

 

(26)

 

 

(3,852)

 

 

(4,348)

 

Recoveries

 

98

 

 

-

 

 

17

 

 

77

 

 

1,066

 

 

1,258

Ending balance

$

111,828

 

$

7,466

 

$

21,680

 

$

1,905

 

$

28,453

 

$

171,332

For the quarter ended September 30, 2020

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Legacy

Leasing

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

314,956

 

$

6,417

 

$

222,237

 

$

2,052

$

13,093

 

$

359,679

 

$

918,434

 

Provision (reversal of provision)

 

13,721

 

 

5,761

 

 

237

 

 

(198)

 

1,746

 

 

(1,815)

 

 

19,452

 

Initial allowance for credit losses - PCD Loans

 

-

 

 

-

 

 

4,823

 

 

-

 

-

 

 

-

 

 

4,823

 

Charge-offs

 

(2,517)

 

 

-

 

 

(5,229)

 

 

(26)

 

(957)

 

 

(29,660)

 

 

(38,389)

 

Recoveries

 

4,116

 

 

156

 

 

3,270

 

 

77

 

1,286

 

 

12,625

 

 

21,530

Ending balance

$

330,276

 

$

12,334

 

$

225,338

 

$

1,905

$

15,168

 

$

340,829

 

$

925,850

For the nine months ended September 30, 2020

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Leasing

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

131,063

 

$

574

 

$

116,281

 

$

10,768

 

$

173,965

 

$

432,651

 

Impact of adopting CECL

 

62,393

 

 

115

 

 

86,081

 

 

(713)

 

 

122,492

 

 

270,368

 

Provision (reversal of provision)

 

24,710

 

 

3,809

 

 

10,533

 

 

11,481

 

 

130,576

 

 

181,109

 

Initial allowance for credit losses - PCD Loans

 

-

 

 

-

 

 

5,819

 

 

-

 

 

-

 

 

5,819

 

Charge-offs

 

(7,799)

 

 

-

 

 

(22,940)

 

 

(8,681)

 

 

(141,794)

 

 

(181,214)

 

Recoveries

 

8,081

 

 

370

 

 

7,884

 

 

2,313

 

 

27,137

 

 

45,785

Ending balance

$

218,448

 

$

4,868

 

$

203,658

 

$

15,168

 

$

312,376

 

$

754,518

For the nine months ended September 30, 2020

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Legacy

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

15,989

 

$

4,204

 

$

4,827

 

$

630

 

$

19,407

 

$

45,057

 

Impact of adopting CECL

 

29,103

 

 

(2,986)

 

 

10,431

 

 

382

 

 

7,809

 

 

44,739

 

Provision (reversal of provision)

 

66,299

 

 

6,093

 

 

6,397

 

 

854

 

 

10,799

 

 

90,442

 

Charge-offs

 

(1,412)

 

 

-

 

 

(28)

 

 

(40)

 

 

(13,663)

 

 

(15,143)

 

Recoveries

 

1,849

 

 

155

 

 

53

 

 

79

 

 

4,101

 

 

6,237

Ending balance

$

111,828

 

$

7,466

 

$

21,680

 

$

1,905

 

$

28,453

 

$

171,332

For the nine months ended September 30, 2020

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Legacy

Leasing

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

147,052

 

$

4,778

 

$

121,108

 

$

630

$

10,768

 

$

193,372

 

$

477,708

 

Impact of adopting CECL

 

91,496

 

 

(2,871)

 

 

96,512

 

 

382

 

(713)

 

 

130,301

 

 

315,107

 

Provision (reversal of provision)

 

91,009

 

 

9,902

 

 

16,930

 

 

854

 

11,481

 

 

141,375

 

 

271,551

 

Initial allowance for credit losses - PCD Loans

 

-

 

 

-

 

 

5,819

 

 

-

 

-

 

 

-

 

 

5,819

 

Charge-offs

 

(9,211)

 

 

-

 

 

(22,968)

 

 

(40)

 

(8,681)

 

 

(155,457)

 

 

(196,357)

 

Recoveries

 

9,930

 

 

525

 

 

7,937

 

 

79

 

2,313

 

 

31,238

 

 

52,022

Ending balance

$

330,276

 

$

12,334

 

$

225,338

 

$

1,905

$

15,168

 

$

340,829

 

$

925,850

For the quarter ended September 30, 2019

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Leasing

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

190,227

 

$

2,996

 

$

127,930

 

$

6,907

 

$

148,131

 

$

476,191

 

Provision (reversal of provision)

 

(18,036)

 

 

(4,916)

 

 

6,494

 

 

3,739

 

 

47,198

 

 

34,479

 

Charge-offs

 

(15,419)

 

 

(27)

 

 

(13,886)

 

 

(4,040)

 

 

(46,398)

 

 

(79,770)

 

Recoveries

 

4,787

 

 

3,013

 

 

1,197

 

 

587

 

 

10,286

 

 

19,870

Ending balance

$

161,559

 

$

1,066

 

$

121,735

 

$

7,193

 

$

159,217

 

$

450,770

Specific ALLL

$

30,130

 

$

57

 

$

40,483

 

$

71

 

$

21,009

 

$

91,750

General ALLL

$

131,429

 

$

1,009

 

$

81,252

 

$

7,122

 

$

138,208

 

$

359,020

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

407,124

 

$

274

 

$

523,876

 

$

624

 

$

95,356

 

$

1,027,254

Loans held-in-portfolio excluding impaired loans

 

6,761,529

 

 

123,798

 

 

5,711,700

 

 

1,021,860

 

 

5,286,441

 

 

18,905,328

Total loans held-in-portfolio

$

7,168,653

 

$

124,072

 

$

6,235,576

 

$

1,022,484

 

$

5,381,797

 

$

19,932,582

For the quarter ended September 30, 2019

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Legacy

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

35,302

 

$

6,887

 

$

4,586

 

$

774

 

$

19,926

 

$

67,475

 

Provision (reversal of provision)

 

(2,507)

 

 

2,826

 

 

288

 

 

(280)

 

 

1,733

 

 

2,060

 

Charge-offs

 

(5,912)

 

 

(2,215)

 

 

-

 

 

(2)

 

 

(4,619)

 

 

(12,748)

 

Recoveries

 

2,279

 

 

-

 

 

18

 

 

299

 

 

2,212

 

 

4,808

Ending balance

$

29,162

 

$

7,498

 

$

4,892

 

$

791

 

$

19,252

 

$

61,595

Specific ALLL

$

-

 

$

-

 

$

2,385

 

$

-

 

$

1,711

 

$

4,096

General ALLL

$

29,162

 

$

7,498

 

$

2,507

 

$

791

 

$

17,541

 

$

57,499

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

2,097

 

$

10,060

 

$

9,441

 

$

-

 

$

9,761

 

$

31,359

Loans held-in-portfolio excluding impaired loans

 

5,037,699

 

 

619,924

 

 

923,602

 

 

23,192

 

 

439,617

 

 

7,044,034

Total loans held-in-portfolio

$

5,039,796

 

$

629,984

 

$

933,043

 

$

23,192

 

$

449,378

 

$

7,075,393

For the quarter ended September 30, 2019

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

Construction

Mortgage

Legacy

Leasing

Consumer

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

225,529

$

9,883

$

132,516

$

774

$

6,907

$

168,057

$

543,666

 

Provision (reversal of provision)

 

(20,543)

 

(2,090)

 

6,782

 

(280)

 

3,739

 

48,931

 

36,539

 

Charge-offs

 

(21,331)

 

(2,242)

 

(13,886)

 

(2)

 

(4,040)

 

(51,017)

 

(92,518)

 

Recoveries

 

7,066

 

3,013

 

1,215

 

299

 

587

 

12,498

 

24,678

Ending balance

$

190,721

$

8,564

$

126,627

$

791

$

7,193

$

178,469

$

512,365

Specific ALLL

$

30,130

$

57

$

42,868

$

-

$

71

$

22,720

$

95,846

General ALLL

$

160,591

$

8,507

$

83,759

$

791

$

7,122

$

155,749

$

416,519

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

409,221

$

10,334

$

533,317

$

-

$

624

$

105,117

$

1,058,613

Loans held-in-portfolio excluding impaired loans

 

11,799,228

 

743,722

 

6,635,302

 

23,192

 

1,021,860

 

5,726,058

 

25,949,362

Total loans held-in-portfolio

$

12,208,449

$

754,056

$

7,168,619

$

23,192

$

1,022,484

$

5,831,175

$

27,007,975

For the nine months ended September 30, 2019

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Leasing

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

207,214

 

$

886

 

$

142,978

 

$

11,486

 

$

144,594

 

$

507,158

 

Provision (reversal of provision)

 

(18,245)

 

 

(2,877)

 

 

11,342

 

 

2,276

 

 

102,412

 

 

94,908

 

Charge-offs

 

(40,275)

 

 

(79)

 

 

(37,056)

 

 

(8,467)

 

 

(120,187)

 

 

(206,064)

 

Recoveries

 

12,865

 

 

3,136

 

 

4,471

 

 

1,898

 

 

32,398

 

 

54,768

Ending balance

$

161,559

 

$

1,066

 

$

121,735

 

$

7,193

 

$

159,217

 

$

450,770

Specific ALLL

$

30,130

 

$

57

 

$

40,483

 

$

71

 

$

21,009

 

$

91,750

General ALLL

$

131,429

 

$

1,009

 

$

81,252

 

$

7,122

 

$

138,208

 

$

359,020

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

407,124

 

$

274

 

$

523,876

 

$

624

 

$

95,356

 

$

1,027,254

Loans held-in-portfolio excluding impaired loans

 

6,761,529

 

 

123,798

 

 

5,711,700

 

 

1,021,860

 

 

5,286,441

 

 

18,905,328

Total loans held-in-portfolio

$

7,168,653

 

$

124,072

 

$

6,235,576

 

$

1,022,484

 

$

5,381,797

 

$

19,932,582

For the nine months ended September 30, 2019

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Legacy

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

31,901

 

$

6,538

 

$

4,434

 

$

969

 

$

18,348

 

$

62,190

 

Provision (reversal of provision)

 

9,519

 

 

3,167

 

 

899

 

 

(1,467)

 

 

11,529

 

 

23,647

 

Charge-offs

 

(15,737)

 

 

(2,215)

 

 

(594)

 

 

142

 

 

(15,879)

 

 

(34,283)

 

Recoveries

 

3,479

 

 

8

 

 

153

 

 

1,147

 

 

5,254

 

 

10,041

Ending balance

$

29,162

 

$

7,498

 

$

4,892

 

$

791

 

$

19,252

 

$

61,595

Specific ALLL

$

-

 

$

-

 

$

2,385

 

$

-

 

$

1,711

 

$

4,096

General ALLL

$

29,162

 

$

7,498

 

$

2,507

 

$

791

 

$

17,541

 

$

57,499

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

2,097

 

$

10,060

 

$

9,441

 

$

-

 

$

9,761

 

$

31,359

Loans held-in-portfolio excluding impaired loans

 

5,037,699

 

 

619,924

 

 

923,602

 

 

23,192

 

 

439,617

 

 

7,044,034

Total loans held-in-portfolio

$

5,039,796

 

$

629,984

 

$

933,043

 

$

23,192

 

$

449,378

 

$

7,075,393

For the nine months ended September 30, 2019

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

Construction

Mortgage

Legacy

Leasing

Consumer

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

239,115

$

7,424

$

147,412

$

969

$

11,486

$

162,942

$

569,348

 

Provision (reversal of provision)

 

(8,726)

 

290

 

12,241

 

(1,467)

 

2,276

 

113,941

 

118,555

 

Charge-offs

 

(56,012)

 

(2,294)

 

(37,650)

 

142

 

(8,467)

 

(136,066)

 

(240,347)

 

Recoveries

 

16,344

 

3,144

 

4,624

 

1,147

 

1,898

 

37,652

 

64,809

Ending balance

$

190,721

$

8,564

$

126,627

$

791

$

7,193

$

178,469

$

512,365

Specific ALLL

$

30,130

$

57

$

42,868

$

-

$

71

$

22,720

$

95,846

General ALLL

$

160,591

$

8,507

$

83,759

$

791

$

7,122

$

155,749

$

416,519

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

409,221

$

10,334

$

533,317

$

-

$

624

$

105,117

$

1,058,613

Loans held-in-portfolio excluding impaired loans

 

11,799,228

 

743,722

 

6,635,302

 

23,192

 

1,021,860

 

5,726,058

 

25,949,362

Total loans held-in-portfolio

$

12,208,449

$

754,056

$

7,168,619

$

23,192

$

1,022,484

$

5,831,175

$

27,007,975
Credit loss on unfunded commitments The following table presents the changes in the allowance for credit losses on unfunded commitments, which is presented as part of Other Liabilities, for the quarters and nine months ended September 30, 2020 and 2019.

 

 

For the quarters ended

For the nine months ended

(In thousands)

September 30, 2020

September 30, 2019

September 30, 2020

September 30, 2019

Allowance for credit losses on unfunded commitments:

 

 

 

 

 

 

 

 

Balance at beginning of period

$

6,717

$

8,735

$

8,717

$

8,216

 

Impact of adopting CECL

 

-

 

-

 

(5,460)

 

-

 

Provision (reversal of provision)

 

6,578

 

(425)

 

10,038

 

94

Ending balance

$

13,295

$

8,310

$

13,295

$

8,310
Schedule of Trouble Debt Restructurings breakdown by Accrual and Nonaccrual Status

 

September 30, 2020

 

 

December 31, 2019

(In thousands)

 

Accruing

 

Non-Accruing

 

Total

 

Related Allowance

 

 

 

Accruing

 

Non-Accruing

 

Total

 

Related Allowance

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

263,094

$

99,381

$

362,475

$

17,403

 

 

$

237,861

$

111,587

$

349,448

$

16,443

Construction

 

-

 

21,514

 

21,514

 

4,414

 

 

 

-

 

119

 

119

 

6

Mortgage[1]

 

1,075,980

 

113,681

 

1,189,661

 

73,755

 

 

 

1,013,561

 

126,036

 

1,139,597

 

42,012

Leases

 

326

 

147

 

473

 

108

 

 

 

264

 

243

 

507

 

61

Consumer

 

78,294

 

12,635

 

90,929

 

25,311

 

 

 

82,205

 

15,808

 

98,013

 

21,404

Loans held-in-portfolio

$

1,417,694

$

247,358

$

1,665,052

$

120,991

 

 

$

1,333,891

$

253,793

$

1,587,684

$

79,926

[1] At September 30, 2020, accruing mortgage loan TDRs include $650 million guaranteed by U.S. sponsored entities at BPPR, compared to $625 million at December 31, 2019.
Troubled Debt Restructurings Loan Count By Type Of Modification

 

Popular, Inc.

 

For the quarter ended September 30, 2020

 

For the nine months ended September 30, 2020

 

Reduction in interest rate

Extension of maturity date

Combination of reduction in interest rate and extension of maturity date

Other

 

Reduction in interest rate

Extension of maturity date

Combination of reduction in interest rate and extension of maturity date

Other

Commercial multi-family

-

1

-

-

 

-

2

-

-

Commercial real estate non-owner occupied

-

2

-

-

 

-

4

-

1

Commercial real estate owner occupied

-

7

-

-

 

-

26

-

-

Commercial and industrial

-

12

-

-

 

1

38

-

-

Construction

-

1

-

-

 

-

1

-

-

Mortgage

-

24

70

254

 

2

50

231

326

Leasing

-

-

-

-

 

-

-

3

11

Consumer:

 

 

 

 

 

 

 

 

 

Credit cards

69

-

-

13

 

621

-

-

78

HELOCs

-

-

-

-

 

-

1

1

-

Personal

91

1

-

-

 

269

3

-

1

Auto

-

1

-

-

 

-

2

2

8

Other

1

-

-

-

 

3

-

-

-

Total

161

49

70

267

 

896

127

237

425

 

Popular, Inc.

 

For the quarter ended September 30, 2019

 

For the nine months ended September 30, 2019

 

Reduction in interest rate

Extension of maturity date

Combination of reduction in interest rate and extension of maturity date

Other

 

Reduction in interest rate

Extension of maturity date

Combination of reduction in interest rate and extension of maturity date

Other

Commercial multi-family

-

-

-

-

 

-

1

-

-

Commercial real estate non-owner occupied

-

3

-

-

 

-

6

-

-

Commercial real estate owner occupied

-

4

-

-

 

1

19

-

-

Commercial and industrial

2

7

-

-

 

2

41

-

-

Mortgage

2

43

207

3

 

33

98

494

5

Leasing

-

1

1

-

 

-

1

2

-

Consumer:

 

 

 

 

 

 

 

 

 

Credit cards

111

-

1

41

 

394

-

2

161

HELOCs

-

2

2

-

 

-

14

11

-

Personal

183

1

-

-

 

527

4

-

1

Auto

-

1

-

-

 

-

5

1

-

Other

7

-

-

-

 

22

-

-

-

Total

305

62

211

44

 

979

189

510

167
Troubled Debt Restructurings on Financing Receivables

For the quarter ended September 30, 2020

(Dollars in thousands)

Loan count

Pre-modification outstanding recorded investment

Post-modification outstanding recorded investment

Increase (decrease) in the allowance for loan losses as a result of modification

Commercial multi-family

1

$

140

$

139

$

1

Commercial real estate non-owner occupied

2

 

5,060

 

5,058

 

-

Commercial real estate owner occupied

7

 

1,964

 

1,960

 

4

Commercial and industrial

12

 

625

 

614

 

-

Construction

1

 

21,514

 

21,514

 

4,370

Mortgage

348

 

40,932

 

36,036

 

3,784

Consumer:

 

 

 

 

 

 

 

Credit cards

82

 

1,032

 

1,076

 

14

Personal

92

 

1,682

 

1,682

 

290

Auto

1

 

18

 

19

 

3

Other

1

 

1

 

1

 

-

Total

547

$

72,968

$

68,099

$

8,466

For the quarter ended September 30, 2019

(Dollars in thousands)

Loan count

Pre-modification outstanding recorded investment

Post-modification outstanding recorded investment

Increase (decrease) in the allowance for loan losses as a result of modification

Commercial real estate non-owner occupied

3

$

16,822

$

16,822

$

(86)

Commercial real estate owner occupied

4

 

2,966

 

2,959

 

(48)

Commercial and industrial

9

 

1,436

 

1,384

 

103

Mortgage

255

 

23,583

 

21,907

 

746

Leasing

2

 

237

 

238

 

-

Consumer:

 

 

 

 

 

 

 

Credit cards

153

 

1,375

 

1,355

 

109

HELOCs

4

 

276

 

246

 

25

Personal

184

 

2,546

 

2,544

 

677

Auto

1

 

7

 

7

 

1

Other

7

 

31

 

31

 

2

Total

622

$

49,279

$

47,493

$

1,529

Popular, Inc.

For the nine months ended September 30, 2020

(Dollars in thousands)

Loan count

Pre-modification outstanding recorded investment

Post-modification outstanding recorded investment

Increase (decrease) in the allowance for loan losses as a result of modification

Commercial multi-family

2

$

1,133

$

1,115

$

(18)

Commercial real estate non-owner occupied

5

 

8,478

 

8,476

 

(748)

Commercial real estate owner occupied

26

 

8,463

 

8,436

 

110

Commercial and industrial

39

 

2,409

 

2,392

 

25

Construction

1

 

21,514

 

21,514

 

4,370

Mortgage

609

 

75,695

 

62,930

 

6,629

Leasing

14

 

326

 

327

 

6

Consumer:

 

 

 

 

 

 

 

Credit cards

699

 

6,492

 

6,530

 

276

HELOCs

2

 

369

 

298

 

862

Personal

273

 

4,703

 

4,701

 

781

Auto

12

 

164

 

166

 

15

Other

3

 

25

 

25

 

6

Total

1,685

$

129,771

$

116,910

$

12,314

Popular, Inc.

For the nine months ended September 30, 2019

(Dollars in thousands)

Loan count

Pre-modification outstanding recorded investment

Post-modification outstanding recorded investment

Increase (decrease) in the allowance for loan losses as a result of modification

Commercial multi-family

1

$

154

$

116

$

(5)

Commercial real estate non-owner occupied

6

 

19,389

 

19,379

 

721

Commercial real estate owner occupied

20

 

6,378

 

6,110

 

9

Commercial and industrial

43

 

9,749

 

10,219

 

888

Mortgage

630

 

64,533

 

58,818

 

2,104

Leasing

3

 

264

 

266

 

7

Consumer:

 

 

 

 

 

 

 

Credit cards

557

 

4,690

 

4,823

 

466

HELOCs

25

 

2,359

 

2,256

 

345

Personal

532

 

8,836

 

8,839

 

2,312

Auto

6

 

70

 

73

 

13

Other

22

 

177

 

177

 

27

Total

1,845

$

116,599

$

111,076

$

6,887
T D R Loans Subsequent Default

Popular, Inc.

 

Defaulted during the quarter endedSeptember 30, 2020

 

Defaulted during the nine months ended September 30, 2020

(Dollars in thousands)

Loan count

 

Recorded investment as of first default date

 

Loan count

 

Recorded investment as of first default date

Commercial real estate non-owner occupied

-

$

-

 

1

$

1,700

Commercial real estate owner occupied

-

 

-

 

5

 

846

Commercial and industrial

-

 

-

 

3

 

97

Mortgage

23

 

2,321

 

215

 

22,518

Consumer:

 

 

 

 

 

 

 

Credit cards

124

 

975

 

290

 

2,190

Personal

13

 

185

 

89

 

1,504

Other

-

 

-

 

2

 

1

Total

160

$

3,481

 

605

$

28,856

Popular, Inc.

 

Defaulted during the quarter endedSeptember 30, 2019

 

Defaulted during the nine months ended September 30, 2019

(Dollars in thousands)

Loan count

 

Recorded investment as of first default date

 

Loan count

 

Recorded investment as of first default date

Commercial real estate non-owner occupied

-

$

-

 

1

$

47

Commercial real estate owner occupied

1

 

68

 

3

 

495

Commercial and industrial

1

 

34

 

4

 

7,082

Mortgage

32

 

2,099

 

31

 

3,148

Leasing

-

 

-

 

1

 

22

Consumer:

 

 

 

 

 

 

 

Credit cards

68

 

551

 

222

 

2,063

Personal

62

 

1,144

 

163

 

4,768

Auto

2

 

24

 

2

 

24

Other

1

 

5

 

2

 

7

Total

167

$

3,925

 

429

$

17,656
Financing Receivable Credit Quality Indicators

September 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

 

 

 

Watch

$

-

$

-

$

-

$

-

$

-

$

1,429

$

-

$

-

$

1,429

 

 

 

Special mention

 

-

 

-

 

-

 

-

 

-

 

3,481

 

-

 

-

 

3,481

 

 

 

Substandard

 

-

 

-

 

-

 

-

 

-

 

1,365

 

100

 

-

 

1,465

 

 

 

Pass/Unrated

 

5,240

 

36,653

 

26,209

 

2,116

 

2,617

 

64,968

 

-

 

-

 

137,803

 

 

Total commercial multi-family

$

5,240

$

36,653

$

26,209

$

2,116

$

2,617

$

71,243

$

100

$

-

$

144,178

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate non-owner occupied

 

 

 

Watch

$

96,883

$

74,865

$

26,934

$

43,635

$

32,928

$

280,011

$

2,220

$

-

$

557,476

 

 

 

Special Mention

 

-

 

17,668

 

125,684

 

27,315

 

20,024

 

92,564

 

401

 

-

 

283,656

 

 

 

Substandard

 

33,678

 

94,206

 

26,985

 

4,164

 

34,075

 

151,334

 

95

 

-

 

344,537

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

-

 

2,630

 

-

 

-

 

2,630

 

 

 

Pass/Unrated

 

15,165

 

57,677

 

41,390

 

61,880

 

130,169

 

573,114

 

3,448

 

-

 

882,843

 

 

Total commercial real estate non-owner occupied

$

145,726

$

244,416

$

220,993

$

136,994

$

217,196

$

1,099,653

$

6,164

$

-

$

2,071,142

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate owner occupied

 

 

 

Watch

$

5,092

$

9,008

$

20,352

$

13,796

$

9,913

$

174,407

$

1,857

$

-

$

234,425

 

 

 

Special Mention

 

55

 

6,754

 

386

 

2,703

 

442

 

168,082

 

-

 

-

 

178,422

 

 

 

Substandard

 

-

 

2,377

 

37,968

 

2,227

 

27,651

 

160,619

 

-

 

-

 

230,842

 

 

 

Doubtful

 

-

 

-

 

-

 

296

 

-

 

2,164

 

-

 

-

 

2,460

 

 

 

Pass/Unrated

 

147,666

 

62,663

 

61,772

 

61,143

 

130,903

 

448,333

 

11,646

 

-

 

924,126

 

 

Total commercial real estate owner occupied

$

152,813

$

80,802

$

120,478

$

80,165

$

168,909

$

953,605

$

13,503

$

-

$

1,570,275

 

 

Commercial and industrial

 

 

 

Watch

$

117,988

$

133,311

$

170,332

$

45,970

$

69,043

$

300,831

$

156,973

$

-

$

994,448

 

 

 

Special Mention

 

33,069

 

9,606

 

19,369

 

57,695

 

2,455

 

104,889

 

26,129

 

-

 

253,212

 

 

 

Substandard

 

42,980

 

3,144

 

24,512

 

27,527

 

1,937

 

60,828

 

52,544

 

-

 

213,472

 

 

 

Doubtful

 

-

 

-

 

-

 

4

 

-

 

90

 

1

 

-

 

95

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

-

 

11

 

-

 

11

 

 

 

Pass/Unrated

 

1,121,208

 

527,626

 

181,294

 

203,235

 

118,250

 

366,882

 

312,019

 

-

 

2,830,514

 

 

Total commercial and industrial

$

1,315,245

$

673,687

$

395,507

$

334,431

$

191,685

$

833,520

$

547,677

$

-

$

4,291,752

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

Watch

$

-

$

2,620

$

11,554

$

-

$

-

$

-

$

960

$

-

$

15,134

 

 

 

Substandard

 

-

 

-

 

-

 

21,514

 

-

 

-

 

-

 

-

 

21,514

 

 

 

Pass/Unrated

 

197

 

39,627

 

10,183

 

64,082

 

-

 

-

 

45,328

 

-

 

159,417

 

Total construction

$

197

$

42,247

$

21,737

$

85,596

$

-

$

-

$

46,288

$

-

$

196,065

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Substandard

$

-

$

131

$

1,477

$

2,772

$

3,691

$

128,352

$

-

$

-

$

136,423

 

 

 

Pass/Unrated

 

138,336

 

245,347

 

195,875

 

237,310

 

243,823

 

5,629,866

 

-

 

-

 

6,690,557

 

Total mortgage

$

138,336

$

245,478

$

197,352

$

240,082

$

247,514

$

5,758,218

$

-

$

-

$

6,826,980

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leasing

 

 

 

Substandard

$

114

$

989

$

825

$

541

$

447

$

301

$

-

$

-

$

3,217

 

 

 

Pass/Unrated

 

357,798

 

338,881

 

229,685

 

122,989

 

74,899

 

25,639

 

-

 

-

 

1,149,891

 

Total leasing

$

357,912

$

339,870

$

230,510

$

123,530

$

75,346

$

25,940

$

-

$

-

$

1,153,108

September 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

Credit cards

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

-

$

14,505

$

-

$

14,505

 

 

 

Pass/Unrated

 

-

 

-

 

-

 

-

 

-

 

-

 

917,034

 

-

 

917,034

 

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

931,539

$

-

$

931,539

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

 

 

Pass/Unrated

$

-

$

-

$

-

$

-

$

-

$

-

$

4,314

$

-

$

4,314

 

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

-

$

4,314

$

-

$

4,314

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Substandard

$

670

$

4,002

$

1,697

$

1,197

$

927

$

19,244

$

56

$

1,513

$

29,306

 

 

 

Loss

 

-

 

-

 

4

 

-

 

-

 

-

 

-

 

34

 

38

 

 

 

Pass/Unrated

 

229,806

 

472,235

 

193,640

 

114,348

 

66,910

 

150,081

 

2,418

 

47,003

 

1,276,441

 

Total Personal

$

230,476

$

476,237

$

195,341

$

115,545

$

67,837

$

169,325

$

2,474

$

48,550

$

1,305,785

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 

 

Substandard

$

897

$

4,319

$

3,382

$

1,989

$

1,546

$

1,322

$

-

$

-

$

13,455

 

 

 

Pass/Unrated

 

773,339

 

942,367

 

684,447

 

333,558

 

195,352

 

102,935

 

-

 

-

 

3,031,998

 

Total Auto

$

774,236

$

946,686

$

687,829

$

335,547

$

196,898

$

104,257

$

-

$

-

$

3,045,453

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other consumer

 

 

 

Substandard

$

-

$

-

$

1,054

$

-

$

175

$

12,875

$

-

$

-

$

14,104

 

 

 

Pass/Unrated

 

12,470

 

17,702

 

14,210

 

6,213

 

2,964

 

5,074

 

51,315

 

-

 

109,948

 

Total Other consumer

$

12,470

$

17,702

$

15,264

$

6,213

$

3,139

$

17,949

$

51,315

$

-

$

124,052

Total Puerto Rico

$

3,132,651

$

3,103,778

$

2,111,220

$

1,460,219

$

1,171,141

$

9,033,710

$

1,603,374

$

48,550

$

21,664,643

September 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

 

 

 

Watch

$

12,253

$

34,933

$

42,529

$

42,696

$

33,654

$

72,674

$

-

$

-

$

238,739

 

 

 

Special mention

 

-

 

25,428

 

11,670

 

18,222

 

50,511

 

13,128

 

-

 

-

 

118,959

 

 

 

Substandard

 

-

 

1,207

 

-

 

1,755

 

8,584

 

1,143

 

-

 

-

 

12,689

 

 

 

Pass/Unrated

 

240,743

 

345,453

 

204,316

 

111,279

 

161,894

 

301,034

 

1,631

 

-

 

1,366,350

 

 

Total commercial multi-family

$

252,996

$

407,021

$

258,515

$

173,952

$

254,643

$

387,979

$

1,631

$

-

$

1,736,737

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate non-owner occupied

 

 

 

Watch

$

8,429

$

28,035

$

69,838

$

91,838

$

59,844

$

67,346

$

342

$

-

$

325,672

 

 

 

Special Mention

 

-

 

4,783

 

10,016

 

14,675

 

63,822

 

12,854

 

350

 

-

 

106,500

 

 

 

Substandard

 

761

 

12,268

 

36,571

 

11,137

 

40,885

 

28,199

 

-

 

-

 

129,821

 

 

 

Pass/Unrated

 

266,740

 

235,476

 

252,634

 

229,827

 

154,019

 

224,526

 

13,798

 

-

 

1,377,020

 

 

Total commercial real estate non-owner occupied

$

275,930

$

280,562

$

369,059

$

347,477

$

318,570

$

332,925

$

14,490

$

-

$

1,939,013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate owner occupied

 

 

 

Watch

$

1,477

$

8,315

$

8,004

$

4,261

$

16,564

$

16,149

$

4,222

$

-

$

58,992

 

 

 

Special Mention

 

-

 

1,155

 

193

 

-

 

-

 

4,060

 

-

 

-

 

5,408

 

 

 

Substandard

 

-

 

-

 

2,366

 

-

 

1,358

 

20,514

 

-

 

-

 

24,238

 

 

 

Pass/Unrated

 

50,760

 

47,797

 

47,720

 

34,326

 

21,550

 

70,013

 

322

 

-

 

272,488

 

 

Total commercial real estate owner occupied

$

52,237

$

57,267

$

58,283

$

38,587

$

39,472

$

110,736

$

4,544

$

-

$

361,126

 

 

Commercial and industrial

 

 

 

Watch

$

10,538

$

1,870

$

32

$

3,625

$

1,251

$

8,213

$

7,780

$

-

$

33,309

 

 

 

Special Mention

 

11,138

 

34

 

-

 

152

 

4,908

 

921

 

124

 

-

 

17,277

 

 

 

Substandard

 

2,029

 

236

 

516

 

-

 

5

 

7,976

 

21

 

-

 

10,783

 

 

 

Pass/Unrated

 

344,220

 

213,673

 

200,545

 

147,598

 

129,196

 

317,955

 

82,595

 

-

 

1,435,782

 

 

Total commercial and industrial

$

367,925

$

215,813

$

201,093

$

151,375

$

135,360

$

335,065

$

90,520

$

-

$

1,497,151

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

Watch

$

6,424

$

-

$

-

$

34,133

$

-

$

9,786

$

-

$

-

$

50,343

 

 

 

Special Mention

 

-

 

-

 

-

 

2,981

 

-

 

20,291

 

-

 

-

 

23,272

 

 

 

Substandard

 

-

 

-

 

20,341

 

9,372

 

9,069

 

-

 

-

 

-

 

38,782

 

 

 

Pass/Unrated

 

55,564

 

256,482

 

176,245

 

113,954

 

20,594

 

4,973

 

-

 

-

 

627,812

 

Total construction

$

61,988

$

256,482

$

196,586

$

160,440

$

29,663

$

35,050

$

-

$

-

$

740,209

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Substandard

$

-

$

1,371

$

433

$

-

$

-

$

12,680

$

-

$

-

$

14,484

 

 

 

Pass/Unrated

 

284,848

 

282,208

 

112,886

 

9,967

 

11,323

 

381,745

 

-

 

-

 

1,082,977

 

Total mortgage

$

284,848

$

283,579

$

113,319

$

9,967

$

11,323

$

394,425

$

-

$

-

$

1,097,461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legacy

 

 

 

Watch

$

-

$

-

$

-

$

-

$

-

$

3,085

$

-

$

-

$

3,085

 

 

 

Special Mention

 

-

 

-

 

-

 

-

 

-

 

186

 

-

 

-

 

186

 

 

 

Substandard

 

-

 

-

 

-

 

-

 

-

 

3,753

 

-

 

-

 

3,753

 

 

 

Pass/Unrated

 

83

 

-

 

-

 

-

 

-

 

7,739

 

1,322

 

-

 

9,144

 

Total legacy

$

83

$

-

$

-

$

-

$

-

$

14,763

$

1,322

$

-

$

16,168

September 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

Credit cards

 

 

 

Pass/Unrated

$

-

$

-

$

-

$

-

$

-

$

-

$

31

$

-

$

31

 

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

31

$

-

$

31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

191

$

-

$

677

$

868

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

306

 

-

 

6,412

 

6,718

 

 

 

Pass/Unrated

 

-

 

-

 

-

 

-

 

-

 

13,454

 

46,191

 

37,678

 

97,323

 

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

13,951

$

46,191

$

44,767

$

104,909

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Substandard

$

164

$

819

$

355

$

97

$

22

$

-

$

1

$

-

$

1,458

 

 

 

Loss

 

-

 

24

 

17

 

-

 

6

 

262

 

4

 

-

 

313

 

 

 

Pass/Unrated

 

41,668

 

128,664

 

36,597

 

12,112

 

3,022

 

9,737

 

191

 

-

 

231,991

 

Total Personal

$

41,832

$

129,507

$

36,969

$

12,209

$

3,050

$

9,999

$

196

$

-

$

233,762

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other consumer

 

 

 

Substandard

$

-

 

-

 

-

 

-

 

-

 

-

 

17

 

-

 

17

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

-

 

12

 

-

 

12

 

 

 

Pass/Unrated

$

-

$

-

$

-

$

-

$

-

$

-

$

1,271

$

-

$

1,271

 

Total Other consumer

$

-

$

-

$

-

$

-

$

-

$

-

$

1,300

$

-

$

1,300

Total Popular U.S.

$

1,337,839

$

1,630,231

$

1,233,824

$

894,007

$

792,081

$

1,634,893

$

160,225

$

44,767

$

7,727,867

September 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

 

 

 

Watch

$

12,253

$

34,933

$

42,529

$

42,696

$

33,654

$

74,103

$

-

$

-

$

240,168

 

 

 

Special mention

 

-

 

25,428

 

11,670

 

18,222

 

50,511

 

16,609

 

-

 

-

 

122,440

 

 

 

Substandard

 

-

 

1,207

 

-

 

1,755

 

8,584

 

2,508

 

100

 

-

 

14,154

 

 

 

Pass/Unrated

 

245,983

 

382,106

 

230,525

 

113,395

 

164,511

 

366,002

 

1,631

 

-

 

1,504,153

 

 

Total commercial multi-family

$

258,236

$

443,674

$

284,724

$

176,068

$

257,260

$

459,222

$

1,731

$

-

$

1,880,915

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate non-owner occupied

 

 

 

Watch

$

105,312

$

102,900

$

96,772

$

135,473

$

92,772

$

347,357

$

2,562

$

-

$

883,148

 

 

 

Special Mention

 

-

 

22,451

 

135,700

 

41,990

 

83,846

 

105,418

 

751

 

-

 

390,156

 

 

 

Substandard

 

34,439

 

106,474

 

63,556

 

15,301

 

74,960

 

179,533

 

95

 

-

 

474,358

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

-

 

2,630

 

-

 

-

 

2,630

 

 

 

Pass/Unrated

 

281,905

 

293,153

 

294,024

 

291,707

 

284,188

 

797,640

 

17,246

 

-

 

2,259,863

 

 

Total commercial real estate non-owner occupied

$

421,656

$

524,978

$

590,052

$

484,471

$

535,766

$

1,432,578

$

20,654

$

-

$

4,010,155

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate owner occupied

 

 

 

Watch

$

6,569

$

17,323

$

28,356

$

18,057

$

26,477

$

190,556

$

6,079

$

-

$

293,417

 

 

 

Special Mention

 

55

 

7,909

 

579

 

2,703

 

442

 

172,142

 

-

 

-

 

183,830

 

 

 

Substandard

 

-

 

2,377

 

40,334

 

2,227

 

29,009

 

181,133

 

-

 

-

 

255,080

 

 

 

Doubtful

 

-

 

-

 

-

 

296

 

-

 

2,164

 

-

 

-

 

2,460

 

 

 

Pass/Unrated

 

198,426

 

110,460

 

109,492

 

95,469

 

152,453

 

518,346

 

11,968

 

-

 

1,196,614

 

 

Total commercial real estate owner occupied

$

205,050

$

138,069

$

178,761

$

118,752

$

208,381

$

1,064,341

$

18,047

$

-

$

1,931,401

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

Watch

$

128,526

$

135,181

$

170,364

$

49,595

$

70,294

$

309,044

$

164,753

$

-

$

1,027,757

 

 

 

Special Mention

 

44,207

 

9,640

 

19,369

 

57,847

 

7,363

 

105,810

 

26,253

 

-

 

270,489

 

 

 

Substandard

 

45,009

 

3,380

 

25,028

 

27,527

 

1,942

 

68,804

 

52,565

 

-

 

224,255

 

 

 

Doubtful

 

-

 

-

 

-

 

4

 

-

 

90

 

1

 

-

 

95

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

-

 

11

 

-

 

11

 

 

 

Pass/Unrated

 

1,465,428

 

741,299

 

381,839

 

350,833

 

247,446

 

684,837

 

394,614

 

-

 

4,266,296

 

 

Total commercial and industrial

$

1,683,170

$

889,500

$

596,600

$

485,806

$

327,045

$

1,168,585

$

638,197

$

-

$

5,788,903

September 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

Watch

$

6,424

$

2,620

$

11,554

$

34,133

$

-

$

9,786

$

960

$

-

$

65,477

 

 

 

Special Mention

 

-

 

-

 

-

 

2,981

 

-

 

20,291

 

-

 

-

 

23,272

 

 

 

Substandard

 

-

 

-

 

20,341

 

30,886

 

9,069

 

-

 

-

 

-

 

60,296

 

 

 

Pass/Unrated

 

55,761

 

296,109

 

186,428

 

178,036

 

20,594

 

4,973

 

45,328

 

-

 

787,229

 

Total construction

$

62,185

$

298,729

$

218,323

$

246,036

$

29,663

$

35,050

$

46,288

$

-

$

936,274

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Substandard

$

-

$

1,502

$

1,910

$

2,772

$

3,691

$

141,032

$

-

$

-

$

150,907

 

 

 

Pass/Unrated

 

423,184

 

527,555

 

308,761

 

247,277

 

255,146

 

6,011,611

 

-

 

-

 

7,773,534

 

Total mortgage

$

423,184

$

529,057

$

310,671

$

250,049

$

258,837

$

6,152,643

$

-

$

-

$

7,924,441

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legacy

 

 

 

Watch

$

-

$

-

$

-

$

-

$

-

$

3,085

$

-

$

-

$

3,085

 

 

 

Special Mention

 

-

 

-

 

-

 

-

 

-

 

186

 

-

 

-

 

186

 

 

 

Substandard

 

-

 

-

 

-

 

-

 

-

 

3,753

 

-

 

-

 

3,753

 

 

 

Pass/Unrated

 

83

 

-

 

-

 

-

 

-

 

7,739

 

1,322

 

-

 

9,144

 

Total legacy

$

83

$

-

$

-

$

-

$

-

$

14,763

$

1,322

$

-

$

16,168

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leasing

 

 

 

Substandard

$

114

$

989

$

825

$

541

$

447

$

301

$

-

$

-

$

3,217

 

 

 

Pass/Unrated

 

357,798

 

338,881

 

229,685

 

122,989

 

74,899

 

25,639

 

-

 

-

 

1,149,891

 

Total leasing

$

357,912

$

339,870

$

230,510

$

123,530

$

75,346

$

25,940

$

-

$

-

$

1,153,108

September 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

Credit cards

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

-

$

14,505

$

-

$

14,505

 

 

 

Pass/Unrated

 

-

 

-

 

-

 

-

 

-

 

-

 

917,065

 

-

 

917,065

 

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

931,570

$

-

$

931,570

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

191

$

-

$

677

$

868

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

306

 

-

 

6,412

 

6,718

 

 

 

Pass/Unrated

 

-

 

-

 

-

 

-

 

-

 

13,454

 

50,505

 

37,678

 

101,637

 

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

13,951

$

50,505

$

44,767

$

109,223

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Substandard

$

834

$

4,821

$

2,052

$

1,294

$

949

$

19,244

$

57

$

1,513

$

30,764

 

 

 

Loss

 

-

 

24

 

21

 

-

 

6

 

262

 

4

 

34

 

351

 

 

 

Pass/Unrated

 

271,474

 

600,899

 

230,237

 

126,460

 

69,932

 

159,818

 

2,609

 

47,003

 

1,508,432

 

Total Personal

$

272,308

$

605,744

$

232,310

$

127,754

$

70,887

$

179,324

$

2,670

$

48,550

$

1,539,547

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 

 

Substandard

$

897

$

4,319

$

3,382

$

1,989

$

1,546

$

1,322

$

-

$

-

$

13,455

 

 

 

Pass/Unrated

 

773,339

 

942,367

 

684,447

 

333,558

 

195,352

 

102,935

 

-

 

-

 

3,031,998

 

Total Auto

$

774,236

$

946,686

$

687,829

$

335,547

$

196,898

$

104,257

$

-

$

-

$

3,045,453

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other consumer

 

 

 

Substandard

$

-

$

-

$

1,054

$

-

$

175

$

12,875

$

17

$

-

$

14,121

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

-

 

12

 

-

 

12

 

 

 

Pass/Unrated

 

12,470

 

17,702

 

14,210

 

6,213

 

2,964

 

5,074

 

52,586

 

-

 

111,219

 

Total Other consumer

$

12,470

$

17,702

$

15,264

$

6,213

$

3,139

$

17,949

$

52,615

$

-

$

125,352

Total Popular Inc.

$

4,470,490

$

4,734,009

$

3,345,044

$

2,354,226

$

1,963,222

$

10,668,603

$

1,763,599

$

93,317

$

29,392,510

December 31, 2019

 

 

 

 

Special

 

 

 

 

 

 

 

 

Pass/

 

 

(In thousands)

Watch

Mention

Substandard

Doubtful

Loss

Sub-total

Unrated

Total

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

$

1,341

$

3,870

$

1,793

$

-

$

-

$

7,004

$

140,845

$

147,849

Commercial real estate non-owner occupied

 

492,357

 

166,810

 

239,448

 

3,290

 

-

 

901,905

 

1,206,313

 

2,108,218

Commercial real estate owner occupied

 

192,895

 

184,678

 

183,377

 

1,629

 

-

 

562,579

 

1,023,750

 

1,586,329

Commercial and industrial

 

592,861

 

170,183

 

130,872

 

148

 

16

 

894,080

 

2,524,654

 

3,418,734

 

Total Commercial

 

1,279,454

 

525,541

 

555,490

 

5,067

 

16

 

2,365,568

 

4,895,562

 

7,261,130

Construction

 

340

 

649

 

20,771

 

-

 

-

 

21,760

 

115,710

 

137,470

Mortgage

 

2,187

 

2,218

 

127,621

 

-

 

-

 

132,026

 

6,034,722

 

6,166,748

Leasing

 

-

 

-

 

3,590

 

-

 

68

 

3,658

 

1,055,849

 

1,059,507

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

-

 

-

 

19,461

 

-

 

-

 

19,461

 

1,104,339

 

1,123,800

 

HELOCs

 

-

 

-

 

-

 

-

 

-

 

-

 

5,038

 

5,038

 

Personal

 

77

 

-

 

19,558

 

-

 

-

 

19,635

 

1,348,515

 

1,368,150

 

Auto

 

-

 

-

 

30,775

 

-

 

372

 

31,147

 

2,886,375

 

2,917,522

 

Other

 

459

 

11

 

15,020

 

-

 

53

 

15,543

 

125,324

 

140,867

 

Total Consumer

 

536

 

11

 

84,814

 

-

 

425

 

85,786

 

5,469,591

 

5,555,377

Total Puerto Rico

$

1,282,517

$

528,419

$

792,286

$

5,067

$

509

$

2,608,798

$

17,571,434

$

20,180,232

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

$

48,359

$

13,827

$

8,433

$

-

$

-

$

70,619

$

1,576,691

$

1,647,310

Commercial real estate non-owner occupied

 

80,608

 

24,383

 

100,658

 

-

 

-

 

205,649

 

1,664,647

 

1,870,296

Commercial real estate owner occupied

 

27,298

 

5,709

 

13,826

 

-

 

-

 

46,833

 

292,302

 

339,135

Commercial and industrial

 

25,679

 

1,460

 

20,386

 

-

 

-

 

47,525

 

1,147,355

 

1,194,880

 

Total Commercial

 

181,944

 

45,379

 

143,303

 

-

 

-

 

370,626

 

4,680,995

 

5,051,621

Construction

 

46,644

 

17,291

 

44,798

 

-

 

-

 

108,733

 

584,889

 

693,622

Mortgage

 

-

 

-

 

11,091

 

-

 

-

 

11,091

 

1,005,693

 

1,016,784

Legacy

 

388

 

202

 

1,528

 

-

 

-

 

2,118

 

19,987

 

22,105

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

-

 

-

 

-

 

-

 

-

 

-

 

36

 

36

 

HELOCs

 

-

 

-

 

2,024

 

-

 

7,930

 

9,954

 

107,389

 

117,343

 

Personal

 

-

 

-

 

1,664

 

-

 

403

 

2,067

 

322,373

 

324,440

 

Other

 

-

 

-

 

-

 

-

 

-

 

-

 

690

 

690

 

Total Consumer

 

-

 

-

 

3,688

 

-

 

8,333

 

12,021

 

430,488

 

442,509

Total Popular U.S.

$

228,976

$

62,872

$

204,408

$

-

$

8,333

$

504,589

$

6,722,052

$

7,226,641

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

$

49,700

$

17,697

$

10,226

$

-

$

-

$

77,623

$

1,717,536

$

1,795,159

Commercial real estate non-owner occupied

 

572,965

 

191,193

 

340,106

 

3,290

 

-

 

1,107,554

 

2,870,960

 

3,978,514

Commercial real estate owner occupied

 

220,193

 

190,387

 

197,203

 

1,629

 

-

 

609,412

 

1,316,052

 

1,925,464

Commercial and industrial

 

618,540

 

171,643

 

151,258

 

148

 

16

 

941,605

 

3,672,009

 

4,613,614

 

Total Commercial

 

1,461,398

 

570,920

 

698,793

 

5,067

 

16

 

2,736,194

 

9,576,557

 

12,312,751

Construction

 

46,984

 

17,940

 

65,569

 

-

 

-

 

130,493

 

700,599

 

831,092

Mortgage

 

2,187

 

2,218

 

138,712

 

-

 

-

 

143,117

 

7,040,415

 

7,183,532

Legacy

 

388

 

202

 

1,528

 

-

 

-

 

2,118

 

19,987

 

22,105

Leasing

 

-

 

-

 

3,590

 

-

 

68

 

3,658

 

1,055,849

 

1,059,507

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

-

 

-

 

19,461

 

-

 

-

 

19,461

 

1,104,375

 

1,123,836

 

HELOCs

 

-

 

-

 

2,024

 

-

 

7,930

 

9,954

 

112,427

 

122,381

 

Personal

 

77

 

-

 

21,222

 

-

 

403

 

21,702

 

1,670,888

 

1,692,590

 

Auto

 

-

 

-

 

30,775

 

-

 

372

 

31,147

 

2,886,375

 

2,917,522

 

Other

 

459

 

11

 

15,020

 

-

 

53

 

15,543

 

126,014

 

141,557

 

Total Consumer

 

536

 

11

 

88,502

 

-

 

8,758

 

97,807

 

5,900,079

 

5,997,886

Total Popular, Inc.

$

1,511,493

$

591,291

$

996,694

$

5,067

$

8,842

$

3,113,387

$

24,293,486

$

27,406,873

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table presents the weighted average obligor risk rating at December 31, 2019 for those classifications that consider a range of rating scales.

Weighted average obligor risk rating

(Scales 11 and 12)

 

 

 

(Scales 1 through 8)

Puerto Rico:

 

 

 

 

Substandard

 

 

 

 

 

 

Pass

 

 

Commercial multi-family

 

 

 

 

 

11.82

 

 

 

 

 

 

 

6.02

 

 

Commercial real estate non-owner occupied

 

 

 

 

 

11.17

 

 

 

 

 

 

 

6.77

 

 

Commercial real estate owner occupied

 

 

 

 

 

11.36

 

 

 

 

 

 

 

7.30

 

 

Commercial and industrial

 

 

 

 

 

11.26

 

 

 

 

 

 

 

7.20

 

 

 

Total Commercial

 

 

 

 

 

11.25

 

 

 

 

 

 

 

7.10

 

 

Construction

 

 

 

 

 

11.01

 

 

 

 

 

 

 

7.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Popular U.S.:

 

 

 

 

Substandard

 

 

 

 

 

 

Pass

 

 

Commercial multi-family

 

 

 

 

 

11.25

 

 

 

 

 

 

 

7.37

 

 

Commercial real estate non-owner occupied

 

 

 

 

 

11.00

 

 

 

 

 

 

 

6.94

 

 

Commercial real estate owner occupied

 

 

 

 

 

11.02

 

 

 

 

 

 

 

7.48

 

 

Commercial and industrial

 

 

 

 

 

11.01

 

 

 

 

 

 

 

6.63

 

 

 

Total Commercial

 

 

 

 

 

11.02

 

 

 

 

 

 

 

7.04

 

 

Construction

 

 

 

 

 

11.00

 

 

 

 

 

 

 

7.74

 

 

Legacy

 

 

 

 

 

11.25

 

 

 

 

 

 

 

7.95

 

 
Impaired financing receivables

December 31, 2019

Puerto Rico

 

Impaired Loans – With an

Impaired Loans

 

 

 

 

 

 

 

Allowance

With No Allowance

Impaired Loans - Total

 

 

 

Unpaid

 

 

 

 

Unpaid

 

 

Unpaid

 

 

 

Recorded

principal

Related

Recorded

principal

Recorded

principal

 

Related

(In thousands)

investment

balance

allowance

investment

balance

investment

balance

 

allowance

Commercial multi-family

$

1,196

$

1,229

$

4

$

1,017

$

1,247

$

2,213

$

2,476

$

4

Commercial real estate non-owner occupied

 

44,975

 

45,803

 

12,281

 

149,587

 

173,124

 

194,562

 

218,927

 

12,281

Commercial real estate owner occupied

 

105,841

 

122,814

 

5,077

 

26,365

 

58,540

 

132,206

 

181,354

 

5,077

Commercial and industrial

 

43,640

 

47,611

 

3,171

 

24,831

 

44,255

 

68,471

 

91,866

 

3,171

Construction

 

119

 

119

 

6

 

-

 

-

 

119

 

119

 

6

Mortgage

 

420,949

 

479,936

 

40,596

 

101,520

 

134,331

 

522,469

 

614,267

 

40,596

Leasing

 

507

 

507

 

61

 

-

 

-

 

507

 

507

 

61

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

24,475

 

24,475

 

2,957

 

-

 

-

 

24,475

 

24,475

 

2,957

Personal

 

65,521

 

65,521

 

17,142

 

-

 

-

 

65,521

 

65,521

 

17,142

Auto

 

310

 

310

 

51

 

-

 

-

 

310

 

310

 

51

Other

 

851

 

851

 

109

 

-

 

-

 

851

 

851

 

109

Total Puerto Rico

$

708,384

$

789,176

$

81,455

$

303,320

$

411,497

$

1,011,704

$

1,200,673

$

81,455

December 31, 2019

Popular U.S.

 

Impaired Loans – With an

Impaired Loans

 

 

 

 

 

 

 

Allowance

With No Allowance

Impaired Loans - Total

 

 

 

Unpaid

 

 

 

 

Unpaid

 

 

Unpaid

 

 

 

Recorded

principal

Related

Recorded

principal

Recorded

principal

Related

(In thousands)

investment

balance

allowance

investment

balance

investment

balance

allowance

Commercial multi-family

$

-

$

-

$

-

$

2,097

$

2,539

$

2,097

$

2,539

$

-

Mortgage

 

6,906

 

7,257

 

2,208

 

2,480

 

2,844

 

9,386

 

10,101

 

2,208

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

6,691

 

6,691

 

1,560

 

2,829

 

3,087

 

9,520

 

9,778

 

1,560

Personal

 

26

 

26

 

3

 

88

 

88

 

114

 

114

 

3

Total Popular U.S.

$

13,623

$

13,974

$

3,771

$

7,494

$

8,558

$

21,117

$

22,532

$

3,771

December 31, 2019

Popular, Inc.

 

Impaired Loans – With an

Impaired Loans

 

 

 

 

 

 

 

Allowance

With No Allowance

Impaired Loans - Total

 

 

 

Unpaid

 

 

 

 

Unpaid

 

 

Unpaid

 

 

 

Recorded

principal

Related

Recorded

principal

Recorded

principal

Related

(In thousands)

investment

balance

allowance

investment

balance

investment

balance

allowance

Commercial multi-family

$

1,196

$

1,229

$

4

$

3,114

$

3,786

$

4,310

$

5,015

$

4

Commercial real estate non-owner occupied

 

44,975

 

45,803

 

12,281

 

149,587

 

173,124

 

194,562

 

218,927

 

12,281

Commercial real estate owner occupied

 

105,841

 

122,814

 

5,077

 

26,365

 

58,540

 

132,206

 

181,354

 

5,077

Commercial and industrial

 

43,640

 

47,611

 

3,171

 

24,831

 

44,255

 

68,471

 

91,866

 

3,171

Construction

 

119

 

119

 

6

 

-

 

-

 

119

 

119

 

6

Mortgage

 

427,855

 

487,193

 

42,804

 

104,000

 

137,175

 

531,855

 

624,368

 

42,804

Leasing

 

507

 

507

 

61

 

-

 

-

 

507

 

507

 

61

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

24,475

 

24,475

 

2,957

 

-

 

-

 

24,475

 

24,475

 

2,957

HELOCs

 

6,691

 

6,691

 

1,560

 

2,829

 

3,087

 

9,520

 

9,778

 

1,560

Personal

 

65,547

 

65,547

 

17,145

 

88

 

88

 

65,635

 

65,635

 

17,145

Auto

 

310

 

310

 

51

 

-

 

-

 

310

 

310

 

51

Other

 

851

 

851

 

109

 

-

 

-

 

851

 

851

 

109

Total Popular, Inc.

$

722,007

$

803,150

$

85,226

$

310,814

$

420,055

$

1,032,821

$

1,223,205

$

85,226

For the quarter ended September 30, 2019

 

Puerto Rico

 

Popular U.S.

 

Popular, Inc.

 

Average

 

Interest

 

Average

 

Interest

 

Average

 

Interest

 

recorded

 

income

 

recorded

 

income

 

recorded

 

income

(In thousands)

investment

 

recognized

 

investment

 

recognized

 

investment

 

recognized

Commercial multi-family

$

1,641

 

$

12

 

$

2,309

 

$

-

 

$

3,950

 

$

12

Commercial real estate non-owner occupied

 

182,078

 

 

2,561

 

 

-

 

 

-

 

 

182,078

 

 

2,561

Commercial real estate owner occupied

 

138,325

 

 

1,698

 

 

720

 

 

-

 

 

139,045

 

 

1,698

Commercial and industrial

 

74,674

 

 

888

 

 

-

 

 

-

 

 

74,674

 

 

888

Construction

 

1,031

 

 

-

 

 

11,060

 

 

-

 

 

12,091

 

 

-

Mortgage

 

522,567

 

 

4,399

 

 

9,417

 

 

155

 

 

531,984

 

 

4,554

Leasing

 

745

 

 

-

 

 

-

 

 

-

 

 

745

 

 

-

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

26,346

 

 

-

 

 

-

 

 

-

 

 

26,346

 

 

-

HELOCs

 

-

 

 

-

 

 

9,749

 

 

-

 

 

9,749

 

 

-

Personal

 

69,103

 

 

64

 

 

107

 

 

-

 

 

69,210

 

 

64

Auto

 

742

 

 

-

 

 

-

 

 

-

 

 

742

 

 

-

Other

 

939

 

 

-

 

 

-

 

 

-

 

 

939

 

 

-

Total Popular, Inc.

$

1,018,191

 

$

9,622

 

$

33,362

 

$

155

 

$

1,051,553

 

$

9,777

For the nine months ended September 30, 2019

 

Puerto Rico

 

Popular U.S.

 

Popular, Inc.

 

Average

 

Interest

 

Average

 

Interest

 

Average

 

Interest

 

recorded

 

income

 

recorded

 

income

 

recorded

 

income

(In thousands)

investment

 

recognized

 

investment

 

recognized

 

investment

 

recognized

Commercial multi-family

$

1,284

 

$

36

 

$

1,155

 

$

-

 

$

2,439

 

$

36

Commercial real estate non-owner occupied

 

180,401

 

 

6,987

 

 

-

 

 

-

 

 

180,401

 

 

6,987

Commercial real estate owner occupied

 

139,086

 

 

4,831

 

 

783

 

 

-

 

 

139,869

 

 

4,831

Commercial and industrial

 

72,668

 

 

2,744

 

 

-

 

 

-

 

 

72,668

 

 

2,744

Construction

 

1,410

 

 

-

 

 

11,560

 

 

-

 

 

12,970

 

 

-

Mortgage

 

517,492

 

 

12,423

 

 

9,423

 

 

296

 

 

526,915

 

 

12,719

Leasing

 

902

 

 

-

 

 

-

 

 

-

 

 

902

 

 

-

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

27,350

 

 

-

 

 

-

 

 

-

 

 

27,350

 

 

-

HELOCs

 

-

 

 

-

 

 

8,855

 

 

-

 

 

8,855

 

 

-

Personal

 

70,700

 

 

208

 

 

447

 

 

-

 

 

71,147

 

 

208

Auto

 

952

 

 

-

 

 

-

 

 

-

 

 

952

 

 

-

Other

 

1,093

 

 

-

 

 

-

 

 

-

 

 

1,093

 

 

-

Total Popular, Inc.

$

1,013,338

 

$

27,229

 

$

32,223

 

$

296

 

$

1,045,561

 

$

27,525
ASC Subtopic 310-30  
Allowance for credit losses on financing receivables The following table provides the activity in the allowance for credit losses related to loans accounted for pursuant to ASC Subtopic 310-30

 

 

 

For the quarters ended

For the nine months ended

(In thousands)

September 30, 2019

September 30, 2019

Balance at beginning of period

$

120,818

$

122,135

Provision (reversal of provision)

 

(14,617)

 

(2,007)

Net charge-offs

 

(11,591)

 

(25,518)

Balance at end of period

$

94,610

$

94,610