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Income taxes - Components of deferred tax assets and liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2020 | Dec. 31, 2019
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Deferred tax assets: |  |
Tax credits available for carryforward | $ 8,272 | $ 7,637
Net operating loss and other carryforward available | 823,197 | 829,599
Postretirement and pension benefits | 80,179 | 82,623
Allowance for credit losses | 411,616 | 416,456
Accelerated depreciation | 8,829 | 8,353
FDIC-assisted transaction | 152,665 | 152,665
Lease liability | 41,640 | 46,081
Difference in outside basis from pass-through entities | 61,222 | 21,670
Other temporary differences | 46,298 | 34,014
Total gross deferred tax assets | 1,645,073 | 1,600,462
Deferred tax liabilities: |  |
Indefinite-lived intangibles | 111,050 | 106,034
Unrealized net gain (loss) on trading and available-for-sale securities | 75,598 | 16,067
Right of use assets | 36,218 | 42,028
Other temporary differences | 51,416 | 51,373
Total gross deferred tax liabilities | 274,282 | 215,502
Valuation allowance | 520,096 | 499,975
Net deferred tax asset | 850,695 | 884,985
PUERTO RICO |  |
Deferred tax assets: |  |
Tax credits available for carryforward | 3,003 | 2,368
Net operating loss and other carryforward available | 124,355 | 112,803
Postretirement and pension benefits | 80,179 | 82,623
Allowance for credit losses | 373,010 | 405,475
Accelerated depreciation | 3,439 | 3,439
FDIC-assisted transaction | 152,665 | 152,665
Lease liability | 22,790 | 22,694
Difference in outside basis from pass-through entities | 61,222 | 21,670
Other temporary differences | 38,954 | 26,554
Total gross deferred tax assets | 873,424 | 834,414
Deferred tax liabilities: |  |
Indefinite-lived intangibles | 73,305 | 69,976
Unrealized net gain (loss) on trading and available-for-sale securities | 67,003 | 15,635
Right of use assets | 20,708 | 20,598
Other temporary differences | 50,247 | 50,194
Total gross deferred tax liabilities | 211,263 | 156,403
Valuation allowance | 112,871 | 100,175
Net deferred tax asset | 549,290 | 577,836
UNITED STATES |  |
Deferred tax assets: |  |
Tax credits available for carryforward | 5,269 | 5,269
Net operating loss and other carryforward available | 698,842 | 716,796
Postretirement and pension benefits | 0 | 0
Allowance for credit losses | 38,606 | 10,981
Accelerated depreciation | 5,390 | 4,914
FDIC-assisted transaction | 0 | 0
Lease liability | 18,850 | 23,387
Difference in outside basis from pass-through entities | 0 | 0
Other temporary differences | 7,344 | 7,460
Total gross deferred tax assets | 771,649 | 766,048
Deferred tax liabilities: |  |
Indefinite-lived intangibles | 37,745 | 36,058
Unrealized net gain (loss) on trading and available-for-sale securities | 8,595 | 432
Right of use assets | 15,510 | 21,430
Other temporary differences | 1,169 | 1,179
Total gross deferred tax liabilities | 63,019 | 59,099
Valuation allowance | 407,225 | 399,800
Net deferred tax asset | 301,405 | 307,149
Deferred loans origination fees |  |
Deferred tax assets: |  |
Deferred income | 9,427 | (240)
Deferred loans origination fees | PUERTO RICO |  |
Deferred tax assets: |  |
Deferred income | 12,079 | 2,519
Deferred loans origination fees | UNITED STATES |  |
Deferred tax assets: |  |
Deferred income | (2,652) | (2,759)
Intercompany deferred gains |  |
Deferred tax assets: |  |
Deferred income | 1,728 | 1,604
Intercompany deferred gains | PUERTO RICO |  |
Deferred tax assets: |  |
Deferred income | 1,728 | 1,604
Intercompany deferred gains | UNITED STATES |  |
Deferred tax assets: |  |
Deferred income | $ 0 | $ 0

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- Definition The sum of the tax effects as of the balance sheet date of the amount of excesses of tax deductions over gross income in a year which cannot be used on the tax returns in the current year but can be carried forward to reduce taxable income or income taxes payable in a future year, for which there must be sufficient tax-basis income to utilize a portion or all of the carryforward amount to realize the deferred tax asset (Includes operating loss and pension carryforwards). + References No definition available. + Details
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