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Commitments and contingencies (Tables)
 12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure  
Financial Instruments with Off-Balance Sheet Credit Risk, Whose Contract Amounts Represent Potential Credit Risk Financial instruments with off-balance sheet credit risk, whose contract amounts represent potential credit risk as of the end of the periods presented were as follows:

(In thousands)

December 31, 2021

December 31, 2020

Commitments to extend credit:

 

 

 

 

 

Credit card lines

$

5,382,089

$

5,226,660

 

Commercial and construction lines of credit

 

3,830,601

 

3,805,459

 

Other consumer unused credit commitments

 

250,229

 

257,312

Commercial letters of credit

 

3,260

 

1,864

Standby letters of credit

 

27,848

 

22,266

Commitments to originate or fund mortgage loans

 

95,372

 

96,786
Direct exposure to the Puerto Rico government by maturity The following table details the loans and investments representing the Corporation’s direct exposure to the Puerto Rico government according to their maturities as of December 31, 2021:

(In thousands)

 

Investment Portfolio

 

Loans

 

Total Outstanding

 

Total Exposure

Central Government

 

 

 

 

 

 

 

 

After 1 to 5 years

$

14

$

-

$

14

$

14

After 5 to 10 years

 

1

 

-

 

1

 

1

After 10 years

 

38

 

-

 

38

 

38

Total Central Government

 

53

 

-

 

53

 

53

Municipalities

 

 

 

 

 

 

 

 

Within 1 year

 

4,240

 

68,650

 

72,890

 

72,890

After 1 to 5 years

 

14,395

 

70,962

 

85,357

 

103,546

After 5 to 10 years

 

11,280

 

123,521

 

134,801

 

134,801

After 10 years

 

230

 

55,257

 

55,487

 

55,487

Total Municipalities

 

30,145

 

318,390

 

348,535

 

366,724

Total Direct Government Exposure

$

30,198

$

318,390

$

348,588

$

366,777