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Allowance for credit losses - Allowance Movement (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2021 | Dec. 31, 2020
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | $ 896,250 | $ 477,708
Impact of adopting CECL |  | 315,107
Provision for credit losses (benefit) | (183,345) | 282,336
Initial allowance for credit losses - PCD Loans | 3,142 | 7,512
Charge-offs | (135,177) | (259,331)
Recoveries | 114,496 | 72,918
Ending balance | 695,366 | 896,250
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 15,851 | 8,717
Impact of adopting CECL |  | (5,460)
Provision for credit losses (benefit) | (7,954) | 12,594
Balance at end of period | 7,897 | 15,851
Construction |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 14,237 | 4,840
Impact of adopting CECL |  | (2,923)
Provision for credit losses (benefit) | (6,297) | 11,655
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (7,143) | (1,509)
Recoveries | 5,566 | 2,174
Ending balance | 6,363 | 14,237
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 9,079 | 419
Impact of adopting CECL |  | 397
Provision for credit losses (benefit) | (4,354) | 8,263
Balance at end of period | 4,725 | 9,079
Mortgages |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 215,716 | 121,108
Impact of adopting CECL |  | 96,512
Provision for credit losses (benefit) | (61,633) | 10,209
Initial allowance for credit losses - PCD Loans | 3,142 | 7,512
Charge-offs | (18,261) | (30,139)
Recoveries | 15,514 | 10,514
Ending balance | 154,478 | 215,716
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 0 | 0
Impact of adopting CECL |  | 0
Provision for credit losses (benefit) | 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 for credit losses (benefit) | (137,122) | 108,504
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (18,357) | (29,809)
Recoveries | 37,904 | 15,135
Ending balance | 215,805 | 333,380
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 6,666 | 830
Impact of adopting CECL |  | 1,611
Provision for credit losses (benefit) | (3,531) | 4,225
Balance at end of period | 3,135 | 6,666
Leasing |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 16,863 | 10,768
Impact of adopting CECL |  | (713)
Provision for credit losses (benefit) | 2,094 | 14,172
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (4,637) | (10,447)
Recoveries | 3,258 | 3,083
Ending balance | 17,578 | 16,863
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 0 | 0
Impact of adopting CECL |  | 0
Provision for credit losses (benefit) | 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 for credit losses (benefit) | 19,613 | 137,796
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (86,779) | (187,427)
Recoveries | 52,254 | 42,012
Ending balance | 301,142 | 316,054
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 106 | 7,468
Impact of adopting CECL |  | (7,468)
Provision for credit losses (benefit) | (69) | 106
Balance at end of period | 37 | 106
Puerto Rico |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 739,750 | 432,651
Impact of adopting CECL |  | 270,368
Provision for credit losses (benefit) | (129,018) | 205,865
Initial allowance for credit losses - PCD Loans | 3,142 | 7,512
Charge-offs | (124,140) | (238,281)
Recoveries | 104,428 | 61,635
Ending balance | 594,162 | 739,750
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 9,523 | 8,439
Impact of adopting CECL |  | (6,494)
Provision for credit losses (benefit) | (5,384) | 7,578
Balance at end of period | 4,139 | 9,523
Puerto Rico | Construction |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 4,871 | 574
Impact of adopting CECL |  | 115
Provision for credit losses (benefit) | (1,533) | 3,228
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (6,620) | 0
Recoveries | 4,923 | 954
Ending balance | 1,641 | 4,871
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 4,610 | 294
Impact of adopting CECL |  | (185)
Provision for credit losses (benefit) | (2,222) | 4,501
Balance at end of period | 2,388 | 4,610
Puerto Rico | Mortgages |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 195,557 | 116,281
Impact of adopting CECL |  | 86,081
Provision for credit losses (benefit) | (57,684) | 5,318
Initial allowance for credit losses - PCD Loans | 3,142 | 7,512
Charge-offs | (17,656) | (30,080)
Recoveries | 14,927 | 10,445
Ending balance | 138,286 | 195,557
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 0 | 0
Impact of adopting CECL |  | 0
Provision for credit losses (benefit) | 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 for credit losses (benefit) | (91,695) | 48,756
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (17,180) | (27,731)
Recoveries | 35,480 | 10,842
Ending balance | 151,928 | 225,323
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 4,913 | 678
Impact of adopting CECL |  | 1,158
Provision for credit losses (benefit) | (3,162) | 3,077
Balance at end of period | 1,751 | 4,913
Puerto Rico | Leasing |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 16,863 | 10,768
Impact of adopting CECL |  | (713)
Provision for credit losses (benefit) | 2,094 | 14,172
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (4,637) | (10,447)
Recoveries | 3,258 | 3,083
Ending balance | 17,578 | 16,863
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 0 | 0
Impact of adopting CECL |  | 0
Provision for credit losses (benefit) | 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 for credit losses (benefit) | 19,800 | 134,391
Initial allowance for credit losses - PCD Loans | 0 | 0
Charge-offs | (78,047) | (170,023)
Recoveries | 45,840 | 36,311
Ending balance | 284,729 | 297,136
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 0 | 7,467
Impact of adopting CECL |  | (7,467)
Provision for credit losses (benefit) | 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 for credit losses (benefit) | (54,327) | 76,471
Charge-offs | (11,037) | (21,050)
Recoveries | 10,068 | 11,283
Ending balance | 101,204 | 156,500
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 6,328 | 278
Impact of adopting CECL |  | 1,034
Provision for credit losses (benefit) | (2,570) | 5,016
Balance at end of period | 3,758 | 6,328
Popular U.S. | Construction |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 9,366 | 4,266
Impact of adopting CECL |  | (3,038)
Provision for credit losses (benefit) | (4,764) | 8,427
Charge-offs | (523) | (1,509)
Recoveries | 643 | 1,220
Ending balance | 4,722 | 9,366
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 4,469 | 125
Impact of adopting CECL |  | 582
Provision for credit losses (benefit) | (2,132) | 3,762
Balance at end of period | 2,337 | 4,469
Popular U.S. | Mortgages |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 20,159 | 4,827
Impact of adopting CECL |  | 10,431
Provision for credit losses (benefit) | (3,949) | 4,891
Charge-offs | (605) | (59)
Recoveries | 587 | 69
Ending balance | 16,192 | 20,159
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 0 | 0
Impact of adopting CECL |  | 0
Provision for credit losses (benefit) | 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 for credit losses (benefit) | (45,427) | 59,748
Charge-offs | (1,177) | (2,078)
Recoveries | 2,424 | 4,293
Ending balance | 63,877 | 108,057
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 1,753 | 152
Impact of adopting CECL |  | 453
Provision for credit losses (benefit) | (369) | 1,148
Balance at end of period | 1,384 | 1,753
Popular U.S. | Consumer |  |
Financing Receivable, Allowance for Credit Losses |  |
Beginning balance | 18,918 | 19,407
Impact of adopting CECL |  | 7,809
Provision for credit losses (benefit) | (187) | 3,405
Charge-offs | (8,732) | (17,404)
Recoveries | 6,414 | 5,701
Ending balance | 16,413 | 18,918
Off Balance Sheet Credit Loss Liability [Rollforward] |  |
Balance at beginning of period | 106 | 1
Impact of adopting CECL |  | (1)
Provision for credit losses (benefit) | (69) | 106
Balance at end of period | $ 37 | $ 106

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