XML 73 R58.htm IDEA: XBRL DOCUMENT
v3.21.2

Borrowings (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Repurchase Agreements |
|  | September 30, 2021 | December 31, 2020
|  |  | Repurchase |  | Repurchase |
(In thousands) |  | liability |  | liability |
U.S. Treasury securities |  |  |  |  |
| Within 30 days | $ | 14,574 | $ | 67,157 |
| After 30 to 90 days |  | 20,394 |  | 39,318 |
| After 90 days |  | 39,638 |  | 9,979 |
Total U.S. Treasury securities |  | 74,606 |  | 116,454 |
Mortgage-backed securities |  |  |  |  |
| Within 30 days |  | 1,427 |  | 3,778 |
| After 30 to 90 days |  | - |  | 268 |
| After 90 days |  | 9,868 |  | - |
Total mortgage-backed securities |  | 11,295 |  | 4,046 |
Collateralized mortgage obligations |  |  |  |  |
| Within 30 days |  | 569 |  | 803 |
Total collateralized mortgage obligations |  | 569 |  | 803 |
Total | $ | 86,470 | $ | 121,303 |
Notes Payable | The following table presents the composition of notes payable at September 30, 2021 and December 31, 2020.
(In thousands) | September 30, 2021 |  | December 31, 2020
Advances with the FHLB with maturities ranging from 2021 through 2029 paying interest at monthly fixed rates ranging from 0.39% to 3.18% | $ | 494,469 |  | $ | 542,469
Advances with the FRB maturing on 2022 paying interest annually at a fixed rate of 0.35%[1] |  | - |  |  | 1,009
Unsecured senior debt securities maturing on 2023 paying interest semiannually at a fixed rate of 6.125%, net of debt issuance costs of $ 2,475 |  | 297,525 |  |  | 296,574
Junior subordinated deferrable interest debentures (related to trust preferred securities) with maturities ranging from 2033 to 2034 with fixed interest rates ranging from 6.125% to 6.7%, net of debt issuance costs of $349 |  | 384,949 |  |  | 384,929
Total notes payable | $ | 1,176,943 |  | $ | 1,224,981
[1] During the second quarter of 2021, the Paycheck Protection Program Liquidity Facility advance was prepaid.
Note: Refer to the Corporation's 2020 Form 10-K for rates information at December 31, 2020.
Maturity distribution of debt securities | A breakdown of borrowings by contractual maturities at September 30, 2021 is included in the table below.
|  | Assets sold under |  |  |
(In thousands) |  | agreements to repurchase |  | Notes payable | Total
2021 | $ | 36,964 | $ | 2,040 | $ | 39,004
2022 |  | 49,506 |  | 103,148 |  | 152,654
2023 |  | - |  | 340,786 |  | 340,786
2024 |  | - |  | 91,943 |  | 91,943
2025 |  | - |  | 139,920 |  | 139,920
Later years |  | - |  | 499,106 |  | 499,106
Total borrowings | $ | 86,470 | $ | 1,176,943 | $ | 1,263,413

X
- Definition Tabular disclosure of borrowings by contractual maturities. + References No definition available. + Details
Name: | bpop_MaturityDistributionOfDebtSecuritiesTextBlock
Namespace Prefix: | bpop_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. + References No definition available. + Details
Name: | bpop_ScheduleOfNotesPayableTableTextBlock
Namespace Prefix: | bpop_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition The entire disclosure for repurchase agreements. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(m)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfRepurchaseAgreements
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration