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v3.21.1

Allowance for credit losses - Allowance Movement (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2021 | Mar. 31, 2020
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | $ 896,250 | $ 477,708
Impact of adopting CECL |  | 315,107
Provision (reversal of provision) | (75,779) | 188,995
Initial allowance for credit losses - PCD Loans | 1,356 | 429
Charge-offs | (48,610) | (78,683)
Recoveries | 27,580 | 16,160
Ending balance | 800,797 | 919,716
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 15,851 | 8,717
Impact of CECL |  | (5,460)
Provision | (6,282) | 1,209
Balance at end of period | 9,569 | 4,466
Construction |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 14,237 | 4,840
Impact of adopting CECL |  | (2,923)
Provision (reversal of provision) | 875 | 557
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (6,619) | 0
Recoveries | 702 | 174
Ending balance | 9,195 | 2,648
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 9,079 | 419
Impact of CECL |  | 397
Provision | (4,931) | 503
Balance at end of period | 4,148 | 1,319
Mortgages |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 215,716 | 121,108
Impact of adopting CECL |  | 96,512
Provision (reversal of provision) | (6,723) | 14,575
Initial allowance for credit losses - PCD Loans | 1,356 | 429
Charge-offs | (10,382) | (8,315)
Recoveries | 2,159 | 2,778
Ending balance | 202,126 | 227,087
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 0 | 0
Impact of CECL |  | 0
Provision | 0 | 0
Balance at end of period | 0 | 0
Commercial |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 333,380 | 147,620
Impact of adopting CECL |  | 91,930
Provision (reversal of provision) | (58,579) | 68,046
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (3,266) | (3,571)
Recoveries | 4,684 | 2,992
Ending balance | 276,219 | 307,017
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 6,666 | 830
Impact of CECL |  | 1,611
Provision | (1,310) | 647
Balance at end of period | 5,356 | 3,088
Leasing |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 16,863 | 10,768
Impact of adopting CECL |  | (713)
Provision (reversal of provision) | (4,058) | 5,841
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (1,058) | (3,775)
Recoveries | 940 | 468
Ending balance | 12,687 | 12,589
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 0 | 0
Impact of CECL |  | 0
Provision | 0 | 0
Balance at end of period | 0 | 0
Consumer |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 316,054 | 193,372
Impact of adopting CECL |  | 130,301
Provision (reversal of provision) | (7,294) | 99,976
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (27,285) | (63,022)
Recoveries | 19,095 | 9,748
Ending balance | 300,570 | 370,375
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 106 | 7,468
Impact of CECL |  | (7,468)
Provision | (41) | 59
Balance at end of period | 65 | 59
Puerto Rico |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 739,750 | 432,651
Impact of adopting CECL |  | 270,368
Provision (reversal of provision) | (39,976) | 113,004
Initial allowance for credit losses - PCD Loans | 1,356 | 429
Charge-offs | (44,970) | (73,159)
Recoveries | 25,496 | 13,642
Ending balance | 681,656 | 756,935
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 9,523 | 8,439
Impact of CECL |  | (6,494)
Provision | (5,365) | 210
Balance at end of period | 4,158 | 2,155
Puerto Rico | Construction |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 4,871 | 574
Impact of adopting CECL |  | 115
Provision (reversal of provision) | 1,306 | (289)
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (6,619) | 0
Recoveries | 702 | 19
Ending balance | 260 | 419
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 4,610 | 294
Impact of CECL |  | (185)
Provision | (4,365) | 69
Balance at end of period | 245 | 178
Puerto Rico | Mortgages |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 195,557 | 116,281
Impact of adopting CECL |  | 86,081
Provision (reversal of provision) | (2,805) | 5,547
Initial allowance for credit losses - PCD Loans | 1,356 | 429
Charge-offs | (10,381) | (8,306)
Recoveries | 2,078 | 2,768
Ending balance | 185,805 | 202,800
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 0 | 0
Impact of CECL |  | 0
Provision | 0 | 0
Balance at end of period | 0 | 0
Puerto Rico | Commercial |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 225,323 | 131,063
Impact of adopting CECL |  | 62,393
Provision (reversal of provision) | (29,646) | 14,974
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (2,883) | (2,994)
Recoveries | 4,317 | 2,414
Ending balance | 197,111 | 207,850
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 4,913 | 678
Impact of CECL |  | 1,158
Provision | (1,000) | 141
Balance at end of period | 3,913 | 1,977
Puerto Rico | Leasing |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 16,863 | 10,768
Impact of adopting CECL |  | (713)
Provision (reversal of provision) | (4,058) | 5,841
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (1,058) | (3,775)
Recoveries | 940 | 468
Ending balance | 12,687 | 12,589
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 0 | 0
Impact of CECL |  | 0
Provision | 0 | 0
Balance at end of period | 0 | 0
Puerto Rico | Consumer |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 297,136 | 173,965
Impact of adopting CECL |  | 122,492
Provision (reversal of provision) | (4,773) | 86,931
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (24,029) | (58,084)
Recoveries | 17,459 | 7,973
Ending balance | 285,793 | 333,277
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 0 | 7,467
Impact of CECL |  | (7,467)
Provision | 0 | 0
Balance at end of period | 0 | 0
Popular U.S. |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 156,500 | 45,057
Impact of adopting CECL |  | 44,739
Provision (reversal of provision) | (35,803) | 75,991
Charge-offs | (3,640) | (5,524)
Recoveries | 2,084 | 2,518
Ending balance | 119,141 | 162,781
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 6,328 | 278
Impact of CECL |  | 1,034
Provision | (917) | 999
Balance at end of period | 5,411 | 2,311
Popular U.S. | Construction |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 9,366 | 4,266
Impact of adopting CECL |  | (3,038)
Provision (reversal of provision) | (431) | 846
Charge-offs | 0 | 0
Recoveries | 0 | 155
Ending balance | 8,935 | 2,229
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 4,469 | 125
Impact of CECL |  | 582
Provision | (566) | 434
Balance at end of period | 3,903 | 1,141
Popular U.S. | Mortgages |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 20,159 | 4,827
Impact of adopting CECL |  | 10,431
Provision (reversal of provision) | (3,918) | 9,028
Charge-offs | (1) | (9)
Recoveries | 81 | 10
Ending balance | 16,321 | 24,287
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 0 | 0
Impact of CECL |  | 0
Provision | 0 | 0
Balance at end of period | 0 | 0
Popular U.S. | Commercial |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 108,057 | 16,557
Impact of adopting CECL |  | 29,537
Provision (reversal of provision) | (28,933) | 53,072
Charge-offs | (383) | (577)
Recoveries | 367 | 578
Ending balance | 79,108 | 99,167
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 1,753 | 152
Impact of CECL |  | 453
Provision | (310) | 506
Balance at end of period | 1,443 | 1,111
Popular U.S. | Consumer |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 18,918 | 19,407
Impact of adopting CECL |  | 7,809
Provision (reversal of provision) | (2,521) | 13,045
Charge-offs | (3,256) | (4,938)
Recoveries | 1,636 | 1,775
Ending balance | 14,777 | 37,098
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 106 | 1
Impact of CECL |  | (1)
Provision | (41) | 59
Balance at end of period | $ 65 | $ 59

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