XML 122 R73.htm IDEA: XBRL DOCUMENT v3.22.0.1
Guarantees (Tables)
 12 Months Ended
Dec. 31, 2021
Guarantee on loans sold or serviced with credit recourse  
Guarantor Obligations  
Credit recourse agreements reserve The following table shows the changes in the Corporation’s liability of estimated losses from these credit recourses agreements, included in the consolidated statements of financial condition during the years ended December 31, 2021 and 2020.

 

 

Years ended December 31,

(In thousands)

 

2021

 

2020

Balance as of beginning of period

$

22,484

$

34,862

Impact of adopting CECL

 

-

 

(3,831)

Provision (benefit) for recourse liability

 

(2,948)

 

(104)

Net charge-offs

 

(7,736)

 

(8,443)

Balance as of end of period

$

11,800

$

22,484
Banco Popular de Puerto Rico | Guarantee on loans sold or serviced with representation and warranties  
Guarantor Obligations  
Estimated losses associated with indemnifications and representations and warranties related to loans sold The following table presents the changes in the Corporation’s liability for estimated losses associated with the indemnifications and representations and warranties related to loans sold during the years ended December 31, 2021 and 2020.

 

 

Years ended December 31,

(In thousands)

 

2021

 

 

2020

Balance as of beginning of period

$

2,297

 

$

3,212

Provision (benefit) for representation and warranties

 

(1,458)

 

 

(915)

Balance as of end of period

$

839

 

$

2,297