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Goodwill and other intangible assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure

Components of Other Intangible Assets Subject to Amortization

The following table reflects the components of other intangible assets subject to amortization:

			Gross						Net
			Carrying			Accumulated			Carrying
(In thousands)			Amount			Amortization			Value
December 31, 2021
	Core deposits		$	12,810		$	8,754		$	4,056
	Other customer relationships			14,286			2,883			11,403
Total other intangible assets			$	27,096		$	11,637		$	15,459
December 31, 2020
	Core deposits		$	12,810		$	7,473		$	5,337
	Other customer relationships			26,397			15,684			10,713
	Trademark			488			236			252
Total other intangible assets			$	39,695		$	23,393		$	16,302

Estimated Amortization of the Intangible Assets with Definite Useful Lives

The following table presents the estimated amortization of the intangible assets with definite useful lives for each of the following periods:

(In thousands)
Year 2022	$	3,299
Year 2023		3,179
Year 2024		2,938
Year 2025		1,750
Year 2026		1,416
Later years		2,877

Goodwill and accumulated impairment losses by reportable segments

The changes in the carrying amount of goodwill for the year ended December 31, 2021, allocated by reportable segments, were as follows (refer to Note 37 for the definition of the Corporation’s reportable segments):

2021
	Balance at		Goodwill on		Balance at
(In thousands)	January 1, 2021		acquisition		December 31,2021
Banco Popular de Puerto Rico	$	320,248	$	-	$	320,248
Popular U.S.		350,874		49,171		400,045
Total Popular, Inc.	$	671,122	$	49,171	$	720,293

The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments.

December 31, 2021
	Balance at				Balance at
	December 31,		Accumulated		December 31,
	2021		impairment		2021
(In thousands)	(gross amounts)		losses		(net amounts)
Banco Popular de Puerto Rico	$	324,049	$	3,801	$	320,248
Popular U.S.		564,456		164,411		400,045
Total Popular, Inc.	$	888,505	$	168,212	$	720,293

December 31, 2020
	Balance at				Balance at
	December 31,		Accumulated		December 31,
	2020		impairment		2020
(In thousands)	(gross amounts)		losses		(net amounts)
Banco Popular de Puerto Rico	$	324,049	$	3,801	$	320,248
Popular U.S.		515,285		164,411		350,874
Total Popular, Inc.	$	839,334	$	168,212	$	671,122

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