XML 66 R50.htm IDEA: XBRL DOCUMENT v3.22.1
Allowance for credit losses - loans held-in-portfolio (Tables)
 3 Months Ended
Mar. 31, 2022
Allowance for credit losses on financing receivables

For the quarter ended March 31, 2022

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Leasing

 

Consumer

 

Total

Allowance for credit losses - loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

151,928

 

$

1,641

 

$

138,286

 

$

17,578

 

$

284,729

 

$

594,162

 

Provision for credit losses (benefit)

 

(10,687)

 

 

357

 

 

(10,528)

 

 

386

 

 

7,811

 

 

(12,661)

 

Initial allowance for credit losses - PCD Loans

 

-

 

 

-

 

 

612

 

 

-

 

 

-

 

 

612

 

Charge-offs

 

(527)

 

 

-

 

 

(1,321)

 

 

(407)

 

 

(22,065)

 

 

(24,320)

 

Recoveries

 

4,757

 

 

416

 

 

4,313

 

 

841

 

 

8,491

 

 

18,818

Ending balance - loans

$

145,471

 

$

2,414

 

$

131,362

 

$

18,398

 

$

278,966

 

$

576,611

Allowance for credit losses - unfunded commitments:

Beginning balance

$

1,751

 

$

2,388

 

$

-

 

$

-

 

$

-

 

$

4,139

 

Provision for credit losses (benefit)

 

(104)

 

 

(464)

 

 

-

 

 

-

 

 

-

 

 

(568)

Ending balance - unfunded commitments [1]

$

1,647

 

$

1,924

 

$

-

 

$

-

 

$

-

 

$

3,571

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the quarter ended March 31, 2022

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Consumer

 

Total

Allowance for credit losses - loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

63,877

 

$

4,722

 

$

16,192

 

$

16,413

 

$

101,204

 

Provision for credit losses (benefit)

 

(5,332)

 

 

(1,725)

 

 

1,632

 

 

3,681

 

 

(1,744)

 

Charge-offs

 

(127)

 

 

-

 

 

-

 

 

(1,305)

 

 

(1,432)

 

Recoveries

 

754

 

 

1,128

 

 

20

 

 

1,251

 

 

3,153

Ending balance - loans

$

59,172

 

$

4,125

 

$

17,844

 

$

20,040

 

$

101,181

Allowance for credit losses - unfunded commitments:

Beginning balance

$

1,384

 

$

2,337

 

$

-

 

$

37

 

$

3,758

 

Provision for credit losses (benefit)

 

(66)

 

 

(202)

 

 

-

 

 

(7)

 

 

(275)

Ending balance - unfunded commitments [1]

$

1,318

 

$

2,135

 

$

-

 

$

30

 

$

3,483

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the quarter ended March 31, 2022

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Leasing

 

Consumer

 

Total

Allowance for credit losses - loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

215,805

 

$

6,363

 

$

154,478

 

$

17,578

 

$

301,142

 

$

695,366

 

Provision for credit losses (benefit)

 

(16,019)

 

 

(1,368)

 

 

(8,896)

 

 

386

 

 

11,492

 

 

(14,405)

 

Initial allowance for credit losses - PCD Loans

 

-

 

 

-

 

 

612

 

 

-

 

 

-

 

 

612

 

Charge-offs

 

(654)

 

 

-

 

 

(1,321)

 

 

(407)

 

 

(23,370)

 

 

(25,752)

 

Recoveries

 

5,511

 

 

1,544

 

 

4,333

 

 

841

 

 

9,742

 

 

21,971

Ending balance - loans

$

204,643

 

$

6,539

 

$

149,206

 

$

18,398

 

$

299,006

 

$

677,792

Allowance for credit losses - unfunded commitments:

Beginning balance

$

3,135

 

$

4,725

 

$

-

 

$

-

 

$

37

 

$

7,897

 

Provision for credit losses (benefit)

 

(170)

 

 

(666)

 

 

-

 

 

-

 

 

(7)

 

 

(843)

Ending balance - unfunded commitments [1]

$

2,965

 

$

4,059

 

$

-

 

$

-

 

$

30

 

$

7,054

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the quarter ended March 31, 2021

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Leasing

 

Consumer

 

Total

Allowance for credit losses - loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

225,323

 

$

4,871

 

$

195,557

 

$

16,863

 

$

297,136

 

$

739,750

 

Provision for credit losses (benefit)

 

(29,646)

 

 

1,306

 

 

(2,805)

 

 

(4,058)

 

 

(4,773)

 

 

(39,976)

 

Initial allowance for credit losses - PCD Loans

 

-

 

 

-

 

 

1,356

 

 

-

 

 

-

 

 

1,356

 

Charge-offs

 

(2,883)

 

 

(6,619)

 

 

(10,381)

 

 

(1,058)

 

 

(24,029)

 

 

(44,970)

 

Recoveries

 

4,317

 

 

702

 

 

2,078

 

 

940

 

 

17,459

 

 

25,496

Ending balance - loans

$

197,111

 

$

260

 

$

185,805

 

$

12,687

 

$

285,793

 

$

681,656

Allowance for credit losses - unfunded commitments:

Beginning balance

$

4,913

 

$

4,610

 

$

-

 

$

-

 

$

-

 

$

9,523

 

Provision for credit losses (benefit)

 

(1,000)

 

 

(4,365)

 

 

-

 

 

-

 

 

-

 

 

(5,365)

Ending balance - unfunded commitments [1]

$

3,913

 

$

245

 

$

-

 

$

-

 

$

-

 

$

4,158

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the quarter ended March 31, 2021

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Consumer

 

Total

Allowance for credit losses - loans:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

108,057

 

$

9,366

 

$

20,159

 

$

18,918

 

$

156,500

 

Provision for credit losses (benefit)

 

(28,933)

 

 

(431)

 

 

(3,918)

 

 

(2,521)

 

 

(35,803)

 

Charge-offs

 

(383)

 

 

-

 

 

(1)

 

 

(3,256)

 

 

(3,640)

 

Recoveries

 

367

 

 

-

 

 

81

 

 

1,636

 

 

2,084

Ending balance - loans

$

79,108

 

$

8,935

 

$

16,321

 

$

14,777

 

$

119,141

Allowance for credit losses - unfunded commitments:

Beginning balance

$

1,753

 

$

4,469

 

$

-

 

$

106

 

$

6,328

 

Provision for credit losses (benefit)

 

(310)

 

 

(566)

 

 

-

 

 

(41)

 

 

(917)

Ending balance - unfunded commitments [1]

$

1,443

 

$

3,903

 

$

-

 

$

65

 

$

5,411

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the quarter ended March 31, 2021

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

Construction

Mortgage

Leasing

Consumer

Total

Allowance for credit losses - loans:

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

333,380

$

14,237

$

215,716

$

16,863

$

316,054

$

896,250

 

Provision for credit losses (benefit)

 

(58,579)

 

875

 

(6,723)

 

(4,058)

 

(7,294)

 

(75,779)

 

Initial allowance for credit losses - PCD Loans

 

-

 

-

 

1,356

 

-

 

-

 

1,356

 

Charge-offs

 

(3,266)

 

(6,619)

 

(10,382)

 

(1,058)

 

(27,285)

 

(48,610)

 

Recoveries

 

4,684

 

702

 

2,159

 

940

 

19,095

 

27,580

Ending balance - loans

$

276,219

$

9,195

$

202,126

$

12,687

$

300,570

$

800,797

Allowance for credit losses - unfunded commitments:

Beginning balance

$

6,666

$

9,079

$

-

$

-

$

106

$

15,851

 

Provision for credit losses (benefit)

 

(1,310)

 

(4,931)

 

-

 

-

 

(41)

 

(6,282)

Ending balance - unfunded commitments [1]

$

5,356

$

4,148

$

-

$

-

$

65

$

9,569

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.
Schedule of Trouble Debt Restructurings breakdown by Accrual and Nonaccrual Status

 

March 31, 2022

 

 

December 31, 2021

(In thousands)

 

Accruing

 

Non-Accruing

 

Total

 

Related Allowance

 

 

 

Accruing

 

Non-Accruing

 

Total

 

Related Allowance

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

302,795

$

66,334

$

369,129

$

21,007

 

 

$

261,344

$

64,744

$

326,088

$

24,736

Mortgage[1]

 

1,151,887

 

101,024

 

1,252,911

 

60,308

 

 

 

1,143,204

 

112,509

 

1,255,713

 

61,888

Leasing

 

188

 

28

 

216

 

30

 

 

 

325

 

47

 

372

 

42

Consumer

 

60,652

 

10,194

 

70,846

 

15,592

 

 

 

64,093

 

10,556

 

74,649

 

16,124

Loans held-in-portfolio

$

1,515,522

$

177,580

$

1,693,102

$

96,937

 

 

$

1,468,966

$

187,856

$

1,656,822

$

102,790

[1] At March 31, 2022, accruing mortgage loan TDRs include $721 million guaranteed by U.S. sponsored entities at BPPR, compared to $716 million at December 31, 2021.
Troubled Debt Restructurings Loan Count By Type Of Modification

For the quarter ended March 31, 2022

 

Reduction in interest rate

 

Extension of maturity date

 

Combination of reduction in interest rate and extension of maturity date

 

Other

Commercial real estate non-owner occupied

-

 

-

 

-

 

1

Commercial real estate owner occupied

1

 

1

 

-

 

-

Commercial and industrial

1

 

5

 

-

 

11

Mortgage

1

 

34

 

288

 

1

Consumer:

 

 

 

 

 

 

 

Credit cards

15

 

-

 

-

 

15

Personal

25

 

20

 

-

 

-

Auto

-

 

1

 

-

 

-

Total

43

 

61

 

288

 

28

For the quarter ended March 31, 2021

 

Reduction in interest rate

 

Extension of maturity date

 

Combination of reduction in interest rate and extension of maturity date

 

Other

Commercial multi-family

-

 

1

 

-

 

-

Commercial real estate non-owner occupied

-

 

9

 

-

 

-

Commercial real estate owner occupied

2

 

20

 

-

 

-

Commercial and industrial

-

 

8

 

-

 

-

Mortgage

8

 

40

 

360

 

-

Leasing

-

 

-

 

1

 

-

Consumer:

 

 

 

 

 

 

 

Credit cards

52

 

-

 

-

 

14

HELOCs

-

 

-

 

1

 

-

Personal

61

 

2

 

1

 

-

Auto

-

 

1

 

2

 

-

Other

4

 

-

 

-

 

-

Total

127

 

81

 

365

 

14
Troubled Debt Restructurings on Financing Receivables

Popular, Inc.

For the quarter ended March 31, 2022

(Dollars in thousands)

Loan count

Pre-modification outstanding recorded investment

Post-modification outstanding recorded investment

Increase (decrease) in the allowance for loan losses as a result of modification

Commercial real estate non-owner occupied

1

$

3,400

$

3,400

$

-

Commercial real estate owner occupied

2

 

729

 

727

 

-

Commercial and industrial

17

 

49,346

 

49,155

 

2,030

Mortgage

324

 

34,876

 

35,592

 

1,020

Consumer:

 

 

 

 

 

 

 

Credit cards

30

 

248

 

273

 

5

Personal

45

 

729

 

728

 

130

Auto

1

 

28

 

28

 

5

Total

420

$

89,356

$

89,903

$

3,190

Popular, Inc.

For the quarter ended March 31, 2021

(Dollars in thousands)

Loan count

Pre-modification outstanding recorded investment

Post-modification outstanding recorded investment

Increase (decrease) in the allowance for loan losses as a result of modification

Commercial multi-family

1

$

87

$

86

$

4

Commercial real estate non-owner occupied

9

 

3,295

 

3,281

 

141

Commercial real estate owner occupied

22

 

29,750

 

29,484

 

572

Commercial and industrial

8

 

222

 

218

 

8

Mortgage

408

 

47,654

 

49,729

 

1,046

Leasing

1

 

32

 

32

 

4

Consumer:

 

 

 

 

 

 

 

Credit cards

66

 

824

 

854

 

27

HELOCs

1

 

63

 

116

 

28

Personal

64

 

1,062

 

1,062

 

304

Auto

3

 

48

 

53

 

10

Other

4

 

6

 

6

 

1

Total

587

$

83,043

$

84,921

$

2,145
T D R Loans Subsequent Default

Defaulted during the quarter ended March 31, 2022

(Dollars in thousands)

Loan count

Recorded investment as of first default date

Mortgage

6

$

1,870

Consumer:

 

 

 

Credit cards

16

 

127

Personal

12

 

128

Total

34

$

2,125

Defaulted during the quarter ended March 31, 2021

(Dollars in thousands)

Loan count

Recorded investment as of first default date

Commercial real estate owner occupied

2

$

3,754

Commercial and industrial

2

 

224

Mortgage

23

 

1,732

Consumer:

 

 

 

Credit cards

40

 

535

Personal

6

 

260

Total

73

$

6,505
Financing Receivable Credit Quality Indicators

March 31, 2022

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2022

 

2021

 

2020

 

2019

 

2018

 

Prior

Years

 

 

 

Total

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

 

 

 

Watch

$

-

$

-

$

-

$

-

$

-

$

4,418

$

-

$

-

$

4,418

 

 

 

Special mention

 

-

 

-

 

-

 

-

 

-

 

2,952

 

-

 

-

 

2,952

 

 

 

Substandard

 

-

 

-

 

-

 

986

 

-

 

6,102

 

100

 

-

 

7,188

 

 

 

Pass

 

12,788

 

24,608

 

21,061

 

34,410

 

25,152

 

30,451

 

213

 

-

 

148,683

 

 

Total commercial multi-family

$

12,788

$

24,608

$

21,061

$

35,396

$

25,152

$

43,923

$

313

$

-

$

163,241

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate non-owner occupied

 

 

 

Watch

$

29,903

$

117,431

$

226,357

$

29,725

$

134,641

$

167,332

$

3,087

$

-

$

708,476

 

 

 

Special Mention

 

-

 

26,258

 

12,015

 

7,627

 

-

 

29,273

 

-

 

-

 

75,173

 

 

 

Substandard

 

3,393

 

4,294

 

27,555

 

19,856

 

37,249

 

72,503

 

-

 

-

 

164,850

 

 

 

Pass

 

181,148

 

499,552

 

197,587

 

87,349

 

36,193

 

601,857

 

8,355

 

-

 

1,612,041

 

 

Total commercial real estate non-owner occupied

$

214,444

$

647,535

$

463,514

$

144,557

$

208,083

$

870,965

$

11,442

$

-

$

2,560,540

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate owner occupied

 

 

 

Watch

$

675

$

7,705

$

6,952

$

7,887

$

7,044

$

108,001

$

-

$

-

$

138,264

 

 

 

Special Mention

 

118

 

5,550

 

949

 

7,150

 

1,412

 

107,134

 

-

 

-

 

122,313

 

 

 

Substandard

 

-

 

4,999

 

1,021

 

988

 

34,997

 

108,747

 

-

 

-

 

150,752

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

-

 

641

 

-

 

-

 

641

 

 

 

Pass

 

29,665

 

273,843

 

151,427

 

48,295

 

53,440

 

462,038

 

19,824

 

-

 

1,038,532

 

 

Total commercial real estate owner occupied

$

30,458

$

292,097

$

160,349

$

64,320

$

96,893

$

786,561

$

19,824

$

-

$

1,450,502

 

 

Commercial and industrial

 

 

 

Watch

$

8,608

$

93,150

$

11,684

$

23,180

$

101,967

$

80,917

$

99,008

$

-

$

418,514

 

 

 

Special Mention

 

-

 

7,878

 

4,865

 

12,573

 

27,081

 

51,740

 

52,803

 

-

 

156,940

 

 

 

Substandard

 

35

 

2,189

 

5,933

 

2,983

 

23,533

 

89,083

 

41,040

 

-

 

164,796

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

-

 

96

 

-

 

-

 

96

 

 

 

Pass

 

224,627

 

766,346

 

187,160

 

272,866

 

48,585

 

372,756

 

770,786

 

-

 

2,643,126

 

 

Total commercial and industrial

$

233,270

$

869,563

$

209,642

$

311,602

$

201,166

$

594,592

$

963,637

$

-

$

3,383,472

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

Watch

$

6,644

$

-

$

-

$

-

$

-

$

-

$

-

$

-

$

6,644

 

 

 

Special Mention

 

1,797

 

-

 

-

 

-

 

-

 

-

 

-

 

-

 

1,797

 

 

 

Pass

 

184

 

28,486

 

58,323

 

1,903

 

-

 

-

 

29,988

 

-

 

118,884

 

Total construction

$

8,625

$

28,486

$

58,323

$

1,903

$

-

$

-

$

29,988

$

-

$

127,325

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Substandard

$

119

$

108

$

1,224

$

4,780

$

5,402

$

116,846

$

-

$

-

$

128,479

 

 

 

Pass

 

59,395

 

473,279

 

299,789

 

217,561

 

254,971

 

4,690,189

 

-

 

-

 

5,995,184

 

Total mortgage

$

59,514

$

473,387

$

301,013

$

222,341

$

260,373

$

4,807,035

$

-

$

-

$

6,123,663

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leasing

 

 

 

Substandard

$

-

$

678

$

652

$

1,051

$

705

$

631

$

-

$

-

$

3,717

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

49

 

-

 

-

 

49

 

 

 

Pass

 

207,900

 

526,319

 

307,398

 

202,190

 

119,085

 

59,464

 

-

 

-

 

1,422,356

 

Total leasing

$

207,900

$

526,997

$

308,050

$

203,241

$

119,790

$

60,144

$

-

$

-

$

1,426,122

March 31, 2022

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2022

 

2021

 

2020

 

2019

 

2018

 

Prior

Years

 

 

 

Total

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

Credit cards

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

-

$

9,049

$

-

$

9,049

 

 

 

Pass

 

-

 

-

 

-

 

-

 

-

 

-

 

906,511

 

-

 

906,511

 

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

915,560

$

-

$

915,560

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

-

$

23

$

-

$

23

 

 

 

Pass

 

-

 

-

 

-

 

-

 

-

 

-

 

3,093

 

-

 

3,093

 

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

-

$

3,116

$

-

$

3,116

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Substandard

$

630

$

1,078

$

641

$

1,956

$

785

$

13,421

$

-

$

1,321

$

19,832

 

 

 

Loss

 

-

 

-

 

-

 

1

 

3

 

23

 

-

 

-

 

27

 

 

 

Pass

 

168,643

 

491,177

 

166,166

 

192,611

 

78,207

 

152,766

 

-

 

34,047

 

1,283,617

 

Total Personal

$

169,273

$

492,255

$

166,807

$

194,568

$

78,995

$

166,210

$

-

$

35,368

$

1,303,476

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 

 

Substandard

$

-

$

5,973

$

8,556

$

9,371

$

4,900

$

3,373

$

-

$

-

$

32,173

 

 

 

Loss

 

-

 

32

 

33

 

58

 

16

 

14

 

-

 

-

 

153

 

 

 

Pass

 

311,670

 

1,174,172

 

756,985

 

580,986

 

373,406

 

200,617

 

-

 

-

 

3,397,836

 

Total Auto

$

311,670

$

1,180,177

$

765,574

$

590,415

$

378,322

$

204,004

$

-

$

-

$

3,430,162

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other consumer

 

 

 

Substandard

$

-

$

-

$

110

$

20

$

537

$

7

$

11,121

$

-

$

11,795

 

 

 

Loss

 

-

 

-

 

-

 

-

 

389

 

-

 

-

 

-

 

389

 

 

 

Pass

 

6,302

 

22,933

 

8,908

 

8,523

 

5,196

 

4,352

 

56,682

 

-

 

112,896

 

Total Other consumer

$

6,302

$

22,933

$

9,018

$

8,543

$

6,122

$

4,359

$

67,803

$

-

$

125,080

Total Puerto Rico

$

1,254,244

$

4,558,038

$

2,463,351

$

1,776,886

$

1,374,896

$

7,537,793

$

2,011,683

$

35,368

$

21,012,259

March 31, 2022

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2022

 

2021

 

2020

 

2019

 

2018

 

Prior

Years

 

 

 

Total

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

 

 

 

Watch

$

-

$

8,569

$

43,642

$

40,570

$

20,576

$

123,917

$

-

$

-

$

237,274

 

 

 

Special mention

 

-

 

-

 

1,217

 

8,973

 

29,613

 

35,180

 

-

 

-

 

74,983

 

 

 

Substandard

 

-

 

-

 

-

 

67,018

 

12,685

 

16,514

 

-

 

-

 

96,217

 

 

 

Pass

 

76,737

 

422,609

 

239,450

 

208,367

 

143,251

 

364,174

 

2,561

 

-

 

1,457,149

 

 

Total commercial multi-family

$

76,737

$

431,178

$

284,309

$

324,928

$

206,125

$

539,785

$

2,561

$

-

$

1,865,623

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate non-owner occupied

 

 

 

Watch

$

-

$

12,704

$

16,909

$

26,886

$

46,012

$

120,879

$

97

$

-

$

223,487

 

 

 

Special Mention

 

-

 

-

 

-

 

3,183

 

1,808

 

25,948

 

-

 

-

 

30,939

 

 

 

Substandard

 

-

 

2,920

 

753

 

-

 

1,567

 

35,538

 

-

 

-

 

40,778

 

 

 

Pass

 

96,512

 

206,434

 

214,871

 

101,177

 

95,335

 

378,221

 

6,136

 

-

 

1,098,686

 

 

Total commercial real estate non-owner occupied

$

96,512

$

222,058

$

232,533

$

131,246

$

144,722

$

560,586

$

6,233

$

-

$

1,393,890

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate owner occupied

 

 

 

Watch

$

-

$

-

$

5,343

$

7,775

$

12,654

$

60,557

$

4,222

$

-

$

90,551

 

 

 

Special Mention

 

-

 

-

 

-

 

-

 

5,174

 

15,902

 

-

 

-

 

21,076

 

 

 

Substandard

 

-

 

-

 

-

 

7,527

 

2,300

 

43,602

 

-

 

-

 

53,429

 

 

 

Pass

 

124,847

 

428,804

 

142,310

 

94,258

 

144,834

 

301,051

 

4,482

 

-

 

1,240,586

 

 

Total commercial real estate owner occupied

$

124,847

$

428,804

$

147,653

$

109,560

$

164,962

$

421,112

$

8,704

$

-

$

1,405,642

 

 

Commercial and industrial

 

 

 

Watch

$

691

$

3,210

$

3,104

$

3,187

$

8,894

$

1,041

$

17,121

$

-

$

37,248

 

 

 

Special Mention

 

825

 

2,323

 

6,896

 

635

 

530

 

207

 

8,983

 

-

 

20,399

 

 

 

Substandard

 

114

 

134

 

260

 

4,648

 

1,212

 

1,974

 

369

 

-

 

8,711

 

 

 

Loss

 

-

 

433

 

120

 

29

 

14

 

218

 

-

 

-

 

814

 

 

 

Pass

 

20,935

 

277,342

 

336,892

 

205,703

 

186,778

 

435,798

 

274,716

 

-

 

1,738,164

 

 

Total commercial and industrial

$

22,565

$

283,442

$

347,272

$

214,202

$

197,428

$

439,238

$

301,189

$

-

$

1,805,336

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

Watch

$

-

$

3,959

$

14,222

$

26,775

$

29,549

$

35,090

$

-

$

-

$

109,595

 

 

 

Special Mention

 

-

 

-

 

-

 

-

 

-

 

13,655

 

-

 

-

 

13,655

 

 

 

Substandard

 

-

 

-

 

-

 

-

 

15,841

 

10,184

 

-

 

-

 

26,025

 

 

 

Pass

 

7,352

 

134,447

 

145,675

 

136,487

 

5,650

 

38,572

 

-

 

-

 

468,183

 

Total construction

$

7,352

$

138,406

$

159,897

$

163,262

$

51,040

$

97,501

$

-

$

-

$

617,458

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Substandard

$

-

$

1,595

$

4,338

$

4,110

$

1,054

$

10,729

$

-

$

-

$

21,826

 

 

 

Pass

 

63,698

 

318,614

 

258,525

 

206,391

 

60,663

 

272,966

 

-

 

-

 

1,180,857

 

Total mortgage

$

63,698

$

320,209

$

262,863

$

210,501

$

61,717

$

283,695

$

-

$

-

$

1,202,683

March 31, 2022

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2022

 

2021

 

2020

 

2019

 

2018

 

Prior

Years

 

 

 

Total

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

Credit cards

 

 

 

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

26

$

-

$

26

 

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

26

$

-

$

26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

2,928

$

-

$

814

$

3,742

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

161

 

-

 

1,345

 

1,506

 

 

 

Pass

 

-

 

-

 

-

 

-

 

-

 

10,512

 

40,677

 

17,522

 

68,711

 

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

13,601

$

40,677

$

19,681

$

73,959

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Substandard

$

-

$

62

$

73

$

156

$

82

$

151

$

-

$

-

$

524

 

 

 

Loss

 

-

 

5

 

62

 

2

 

-

 

34

 

-

 

-

 

103

 

 

 

Pass

 

75,243

 

69,809

 

15,416

 

31,855

 

5,688

 

6,667

 

-

 

-

 

204,678

 

Total Personal

$

75,243

$

69,876

$

15,551

$

32,013

$

5,770

$

6,852

$

-

$

-

$

205,305

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other consumer

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

-

$

1

$

-

$

1

 

 

 

Pass

 

-

 

-

 

-

 

-

 

-

 

-

 

6,008

 

-

 

6,008

 

Total Other consumer

$

-

$

-

$

-

$

-

$

-

$

-

$

6,009

$

-

$

6,009

Total Popular U.S.

$

466,954

$

1,893,973

$

1,450,078

$

1,185,712

$

831,764

$

2,362,370

$

365,399

$

19,681

$

8,575,931

March 31, 2022

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2022

 

2021

 

2020

 

2019

 

2018

 

Prior

Years

 

 

 

Total

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

 

 

 

Watch

$

-

$

8,569

$

43,642

$

40,570

$

20,576

$

128,335

$

-

$

-

$

241,692

 

 

 

Special mention

 

-

 

-

 

1,217

 

8,973

 

29,613

 

38,132

 

-

 

-

 

77,935

 

 

 

Substandard

 

-

 

-

 

-

 

68,004

 

12,685

 

22,616

 

100

 

-

 

103,405

 

 

 

Pass

 

89,525

 

447,217

 

260,511

 

242,777

 

168,403

 

394,625

 

2,774

 

-

 

1,605,832

 

 

Total commercial multi-family

$

89,525

$

455,786

$

305,370

$

360,324

$

231,277

$

583,708

$

2,874

$

-

$

2,028,864

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate non-owner occupied

 

 

 

Watch

$

29,903

$

130,135

$

243,266

$

56,611

$

180,653

$

288,211

$

3,184

$

-

$

931,963

 

 

 

Special Mention

 

-

 

26,258

 

12,015

 

10,810

 

1,808

 

55,221

 

-

 

-

 

106,112

 

 

 

Substandard

 

3,393

 

7,214

 

28,308

 

19,856

 

38,816

 

108,041

 

-

 

-

 

205,628

 

 

 

Pass

 

277,660

 

705,986

 

412,458

 

188,526

 

131,528

 

980,078

 

14,491

 

-

 

2,710,727

 

 

Total commercial real estate non-owner occupied

$

310,956

$

869,593

$

696,047

$

275,803

$

352,805

$

1,431,551

$

17,675

$

-

$

3,954,430

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate owner occupied

 

 

 

Watch

$

675

$

7,705

$

12,295

$

15,662

$

19,698

$

168,558

$

4,222

$

-

$

228,815

 

 

 

Special Mention

 

118

 

5,550

 

949

 

7,150

 

6,586

 

123,036

 

-

 

-

 

143,389

 

 

 

Substandard

 

-

 

4,999

 

1,021

 

8,515

 

37,297

 

152,349

 

-

 

-

 

204,181

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

-

 

641

 

-

 

-

 

641

 

 

 

Pass

 

154,512

 

702,647

 

293,737

 

142,553

 

198,274

 

763,089

 

24,306

 

-

 

2,279,118

 

 

Total commercial real estate owner occupied

$

155,305

$

720,901

$

308,002

$

173,880

$

261,855

$

1,207,673

$

28,528

$

-

$

2,856,144

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

Watch

$

9,299

$

96,360

$

14,788

$

26,367

$

110,861

$

81,958

$

116,129

$

-

$

455,762

 

 

 

Special Mention

 

825

 

10,201

 

11,761

 

13,208

 

27,611

 

51,947

 

61,786

 

-

 

177,339

 

 

 

Substandard

 

149

 

2,323

 

6,193

 

7,631

 

24,745

 

91,057

 

41,409

 

-

 

173,507

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

-

 

96

 

-

 

-

 

96

 

 

 

Loss

 

-

 

433

 

120

 

29

 

14

 

218

 

-

 

-

 

814

 

 

 

Pass

 

245,562

 

1,043,688

 

524,052

 

478,569

 

235,363

 

808,554

 

1,045,502

 

-

 

4,381,290

 

 

Total commercial and industrial

$

255,835

$

1,153,005

$

556,914

$

525,804

$

398,594

$

1,033,830

$

1,264,826

$

-

$

5,188,808

March 31, 2022

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2022

 

2021

 

2020

 

2019

 

2018

 

Prior

Years

 

 

 

Total

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

Watch

$

6,644

$

3,959

$

14,222

$

26,775

$

29,549

$

35,090

$

-

$

-

$

116,239

 

 

 

Special Mention

 

1,797

 

-

 

-

 

-

 

-

 

13,655

 

-

 

-

 

15,452

 

 

 

Substandard

 

-

 

-

 

-

 

-

 

15,841

 

10,184

 

-

 

-

 

26,025

 

 

 

Pass

 

7,536

 

162,933

 

203,998

 

138,390

 

5,650

 

38,572

 

29,988

 

-

 

587,067

 

Total construction

$

15,977

$

166,892

$

218,220

$

165,165

$

51,040

$

97,501

$

29,988

$

-

$

744,783

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Substandard

$

119

$

1,703

$

5,562

$

8,890

$

6,456

$

127,575

$

-

$

-

$

150,305

 

 

 

Pass

 

123,093

 

791,893

 

558,314

 

423,952

 

315,634

 

4,963,155

 

-

 

-

 

7,176,041

 

Total mortgage

$

123,212

$

793,596

$

563,876

$

432,842

$

322,090

$

5,090,730

$

-

$

-

$

7,326,346

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leasing

 

 

 

Substandard

$

-

$

678

$

652

$

1,051

$

705

$

631

$

-

$

-

$

3,717

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

49

 

-

 

-

 

49

 

 

 

Pass

 

207,900

 

526,319

 

307,398

 

202,190

 

119,085

 

59,464

 

-

 

-

 

1,422,356

 

Total leasing

$

207,900

$

526,997

$

308,050

$

203,241

$

119,790

$

60,144

$

-

$

-

$

1,426,122

March 31, 2022

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2022

 

2021

 

2020

 

2019

 

2018

 

Prior

Years

 

 

 

Total

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

Credit cards

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

-

$

9,049

$

-

$

9,049

 

 

 

Pass

 

-

 

-

 

-

 

-

 

-

 

-

 

906,537

 

-

 

906,537

 

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

915,586

$

-

$

915,586

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

2,928

$

23

$

814

$

3,765

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

161

 

-

 

1,345

 

1,506

 

 

 

Pass

 

-

 

-

 

-

 

-

 

-

 

10,512

 

43,770

 

17,522

 

71,804

 

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

13,601

$

43,793

$

19,681

$

77,075

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Substandard

$

630

$

1,140

$

714

$

2,112

$

867

$

13,572

$

-

$

1,321

$

20,356

 

 

 

Loss

 

-

 

5

 

62

 

3

 

3

 

57

 

-

 

-

 

130

 

 

 

Pass

 

243,886

 

560,986

 

181,582

 

224,466

 

83,895

 

159,433

 

-

 

34,047

 

1,488,295

 

Total Personal

$

244,516

$

562,131

$

182,358

$

226,581

$

84,765

$

173,062

$

-

$

35,368

$

1,508,781

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 

 

Substandard

$

-

$

5,973

$

8,556

$

9,371

$

4,900

$

3,373

$

-

$

-

$

32,173

 

 

 

Loss

 

-

 

32

 

33

 

58

 

16

 

14

 

-

 

-

 

153

 

 

 

Pass

 

311,670

 

1,174,172

 

756,985

 

580,986

 

373,406

 

200,617

 

-

 

-

 

3,397,836

 

Total Auto

$

311,670

$

1,180,177

$

765,574

$

590,415

$

378,322

$

204,004

$

-

$

-

$

3,430,162

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other consumer

 

 

 

Substandard

$

-

$

-

$

110

$

20

$

537

$

7

$

11,122

$

-

$

11,796

 

 

 

Loss

 

-

 

-

 

-

 

-

 

389

 

-

 

-

 

-

 

389

 

 

 

Pass

 

6,302

 

22,933

 

8,908

 

8,523

 

5,196

 

4,352

 

62,690

 

-

 

118,904

 

Total Other consumer

$

6,302

$

22,933

$

9,018

$

8,543

$

6,122

$

4,359

$

73,812

$

-

$

131,089

Total Popular Inc.

$

1,721,198

$

6,452,011

$

3,913,429

$

2,962,598

$

2,206,660

$

9,900,163

$

2,377,082

$

55,049

$

29,588,190

December 31, 2021

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2021

 

2020

 

2019

 

2018

 

2017

 

Prior

Years

 

 

 

Total

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

 

 

 

Watch

$

-

$

-

$

-

$

-

$

-

$

4,485

$

-

$

-

$

4,485

 

 

 

Special mention

 

-

 

-

 

-

 

-

 

-

 

3,025

 

-

 

-

 

3,025

 

 

 

Substandard

 

-

 

-

 

982

 

-

 

-

 

6,257

 

100

 

-

 

7,339

 

 

 

Pass

 

24,936

 

21,288

 

34,840

 

25,311

 

2,066

 

31,468

 

11

 

-

 

139,920

 

 

Total commercial multi-family

$

24,936

$

21,288

$

35,822

$

25,311

$

2,066

$

45,235

$

111

$

-

$

154,769

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate non-owner occupied

 

 

 

Watch

$

100,465

$

228,852

$

25,443

$

137,044

$

2,406

$

205,304

$

3,237

$

-

$

702,751

 

 

 

Special Mention

 

18,509

 

12,563

 

7,271

 

-

 

4,608

 

24,056

 

-

 

-

 

67,007

 

 

 

Substandard

 

30,155

 

27,790

 

24,200

 

25,456

 

2,770

 

72,407

 

-

 

-

 

182,778

 

 

 

Pass

 

513,087

 

88,662

 

88,353

 

37,999

 

42,522

 

557,052

 

9,712

 

-

 

1,337,387

 

 

Total commercial real estate non-owner occupied

$

662,216

$

357,867

$

145,267

$

200,499

$

52,306

$

858,819

$

12,949

$

-

$

2,289,923

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate owner occupied

 

 

 

Watch

$

8,393

$

8,612

$

8,972

$

6,958

$

3,039

$

121,716

$

-

$

-

$

157,690

 

 

 

Special Mention

 

5,573

 

857

 

7,598

 

1,427

 

2,449

 

103,472

 

-

 

-

 

121,376

 

 

 

Substandard

 

6,960

 

1,028

 

1,646

 

35,529

 

1,869

 

113,288

 

-

 

-

 

160,320

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

76

 

612

 

-

 

-

 

688

 

 

 

Pass

 

238,533

 

198,442

 

44,943

 

23,112

 

32,585

 

429,651

 

16,389

 

-

 

983,655

 

 

Total commercial real estate owner occupied

$

259,459

$

208,939

$

63,159

$

67,026

$

40,018

$

768,739

$

16,389

$

-

$

1,423,729

 

 

Commercial and industrial

 

 

 

Watch

$

186,529

$

12,542

$

21,536

$

103,835

$

14,577

$

90,776

$

108,183

$

-

$

537,978

 

 

 

Special Mention

 

7,380

 

9,936

 

14,856

 

28,473

 

1,012

 

28,448

 

60,397

 

-

 

150,502

 

 

 

Substandard

 

2,190

 

1,091

 

3,041

 

35,826

 

66,771

 

45,168

 

38,003

 

-

 

192,090

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

-

 

62

 

-

 

-

 

62

 

 

 

Pass

 

843,661

 

335,369

 

275,357

 

84,084

 

72,580

 

333,869

 

702,896

 

-

 

2,647,816

 

 

Total commercial and industrial

$

1,039,760

$

358,938

$

314,790

$

252,218

$

154,940

$

498,323

$

909,479

$

-

$

3,528,448

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

Substandard

 

-

$

-

$

485

$

-

$

-

$

-

$

-

$

-

 

485

 

 

 

Pass

 

21,596

 

41,622

 

1,148

 

-

 

-

 

-

 

22,260

 

-

 

86,626

 

Total construction

$

21,596

$

41,622

$

1,633

$

-

$

-

$

-

$

22,260

$

-

$

87,111

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Substandard

$

-

$

954

$

5,212

$

5,613

$

4,310

$

122,690

$

-

$

-

$

138,779

 

 

 

Pass

 

463,742

 

304,780

 

223,464

 

265,239

 

194,982

 

4,660,880

 

-

 

-

 

6,113,087

 

Total mortgage

$

463,742

$

305,734

$

228,676

$

270,852

$

199,292

$

4,783,570

$

-

$

-

$

6,251,866

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leasing

 

 

 

Substandard

$

124

$

618

$

880

$

613

$

613

$

235

$

-

$

-

$

3,083

 

 

 

Loss

 

-

 

-

 

-

 

1

 

16

 

2

 

-

 

-

 

19

 

 

 

Pass

 

613,452

 

328,085

 

222,770

 

133,112

 

62,881

 

17,917

 

-

 

-

 

1,378,217

 

Total leasing

$

613,576

$

328,703

$

223,650

$

133,726

$

63,510

$

18,154

$

-

$

-

$

1,381,319

December 31, 2021

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2021

 

2020

 

2019

 

2018

 

2017

 

Prior

Years

 

 

 

Total

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

Credit cards

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

-

$

8,577

$

-

$

8,577

 

 

 

Pass

 

-

 

-

 

-

 

-

 

-

 

-

 

911,274

 

-

 

911,274

 

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

919,851

$

-

$

919,851

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

-

$

23

$

-

$

23

 

 

 

Pass

 

-

 

-

 

-

 

-

 

-

 

-

 

3,548

 

-

 

3,548

 

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

-

$

3,571

$

-

$

3,571

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Substandard

$

426

$

610

$

2,105

$

866

$

936

$

15,680

$

-

$

1,385

$

22,008

 

 

 

Loss

 

30

 

2

 

3

 

-

 

-

 

3

 

-

 

-

 

38

 

 

 

Pass

 

539,604

 

197,652

 

227,328

 

91,341

 

53,630

 

120,065

 

-

 

36,394

 

1,266,014

 

Total Personal

$

540,060

$

198,264

$

229,436

$

92,207

$

54,566

$

135,748

$

-

$

37,779

$

1,288,060

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 

 

Substandard

$

3,080

$

7,520

$

9,498

$

4,739

$

2,210

$

1,422

$

-

$

-

$

28,469

 

 

 

Loss

 

42

 

11

 

-

 

-

 

-

 

-

 

-

 

-

 

53

 

 

 

Pass

 

1,259,800

 

808,339

 

637,300

 

420,293

 

177,104

 

80,829

 

-

 

-

 

3,383,665

 

Total Auto

$

1,262,922

$

815,870

$

646,798

$

425,032

$

179,314

$

82,251

$

-

$

-

$

3,412,187

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other consumer

 

 

 

Substandard

$

-

$

114

$

21

$

487

$

-

$

135

$

11,250

$

-

$

12,007

 

 

 

Loss

 

-

 

-

 

-

 

579

 

-

 

34

 

-

 

-

 

613

 

 

 

Pass

 

24,845

 

9,781

 

9,348

 

5,610

 

3,914

 

947

 

57,483

 

-

 

111,928

 

Total Other consumer

$

24,845

$

9,895

$

9,369

$

6,676

$

3,914

$

1,116

$

68,733

$

-

$

124,548

Total Puerto Rico

$

4,913,112

$

2,647,120

$

1,898,600

$

1,473,547

$

749,926

$

7,191,955

$

1,953,343

$

37,779

$

20,865,382

December 31, 2021

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2021

 

2020

 

2019

 

2018

 

2017

 

Prior

Years

 

 

 

Total

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

 

 

 

Watch

$

8,600

$

41,348

$

56,229

$

20,682

$

37,343

$

48,753

$

-

$

-

$

212,955

 

 

 

Special mention

 

-

 

3,752

 

9,013

 

30,244

 

11,071

 

28,297

 

-

 

-

 

82,377

 

 

 

Substandard

 

-

 

-

 

67,149

 

12,748

 

-

 

18,644

 

-

 

-

 

98,541

 

 

 

Pass

 

422,613

 

241,805

 

201,298

 

144,534

 

46,809

 

352,724

 

4,205

 

-

 

1,413,988

 

 

Total commercial multi-family

$

431,213

$

286,905

$

333,689

$

208,208

$

95,223

$

448,418

$

4,205

$

-

$

1,807,861

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate non-owner occupied

 

 

 

Watch

$

12,716

$

22,109

$

42,067

$

56,576

$

28,604

$

154,289

$

780

$

-

$

317,141

 

 

 

Special Mention

 

2,939

 

-

 

3,205

 

7,025

 

10,573

 

15,569

 

-

 

-

 

39,311

 

 

 

Substandard

 

-

 

756

 

6,405

 

14,544

 

11,384

 

60,323

 

-

 

-

 

93,412

 

 

 

Pass

 

543,667

 

356,071

 

156,925

 

211,432

 

250,516

 

346,606

 

8,386

 

-

 

1,873,603

 

 

Total commercial real estate non-owner occupied

$

559,322

$

378,936

$

208,602

$

289,577

$

301,077

$

576,787

$

9,166

$

-

$

2,323,467

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate owner occupied

 

 

 

Watch

$

-

$

239

$

7,825

$

8,150

$

1,676

$

17,132

$

4,222

$

-

$

39,244

 

 

 

Special Mention

 

-

 

-

 

-

 

-

 

-

 

1,800

 

-

 

-

 

1,800

 

 

 

Substandard

 

-

 

-

 

1,148

 

2,878

 

-

 

20,841

 

-

 

-

 

24,867

 

 

 

Pass

 

129,898

 

46,737

 

34,355

 

23,845

 

26,236

 

63,463

 

3,928

 

-

 

328,462

 

 

Total commercial real estate owner occupied

$

129,898

$

46,976

$

43,328

$

34,873

$

27,912

$

103,236

$

8,150

$

-

$

394,373

 

 

Commercial and industrial

 

 

 

Watch

$

3,747

$

4,667

$

4,292

$

9,273

$

5

$

1,530

$

3,925

$

-

$

27,439

 

 

 

Special Mention

 

2,504

 

7,203

 

670

 

481

 

59

 

215

 

8,177

 

-

 

19,309

 

 

 

Substandard

 

537

 

97

 

4,559

 

495

 

168

 

1,890

 

159

 

-

 

7,905

 

 

 

Loss

 

262

 

58

 

108

 

17

 

51

 

191

 

-

 

-

 

687

 

 

 

Pass

 

273,254

 

339,564

 

211,695

 

191,086

 

115,146

 

339,336

 

284,710

 

-

 

1,754,791

 

 

Total commercial and industrial

$

280,304

$

351,589

$

221,324

$

201,352

$

115,429

$

343,162

$

296,971

$

-

$

1,810,131

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

Watch

$

-

$

14,300

$

23,547

$

28,757

$

34,205

$

-

$

-

$

-

$

100,809

 

 

 

Special Mention

 

-

 

-

 

-

 

-

 

-

 

13,622

 

-

 

-

 

13,622

 

 

 

Substandard

 

-

 

-

 

-

 

15,438

 

10,231

 

-

 

-

 

-

 

25,669

 

 

 

Pass

 

130,587

 

136,045

 

165,105

 

13,634

 

36,500

 

7,138

 

-

 

-

 

489,009

 

Total construction

$

130,587

$

150,345

$

188,652

$

57,829

$

80,936

$

20,760

$

-

$

-

$

629,109

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Substandard

$

-

$

4,338

$

3,894

$

967

$

217

$

12,680

$

-

$

-

$

22,096

 

 

 

Pass

 

326,641

 

266,212

 

215,071

 

61,986

 

6,376

 

276,948

 

-

 

-

 

1,153,234

 

Total mortgage

$

326,641

$

270,550

$

218,965

$

62,953

$

6,593

$

289,628

$

-

$

-

$

1,175,330

December 31, 2021

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2021

 

2020

 

2019

 

2018

 

2017

 

Prior

Years

 

 

 

Total

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

Credit cards

 

 

 

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

10

$

-

$

10

 

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

10

$

-

$

10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

3,006

$

-

$

935

$

3,941

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

207

 

-

 

1,258

 

1,465

 

 

 

Pass

 

-

 

-

 

-

 

-

 

-

 

11,423

 

38,267

 

20,195

 

69,885

 

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

14,636

$

38,267

$

22,388

$

75,291

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Substandard

$

72

$

81

$

250

$

73

$

17

$

163

$

2

$

-

$

658

 

 

 

Loss

 

-

 

-

 

4

 

-

 

-

 

19

 

-

 

-

 

23

 

 

 

Pass

 

75,538

 

19,411

 

43,346

 

7,418

 

2,802

 

5,625

 

124

 

-

 

154,264

 

Total Personal

$

75,610

$

19,492

$

43,600

$

7,491

$

2,819

$

5,807

$

126

$

-

$

154,945

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other consumer

 

 

 

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

4,658

$

-

$

4,658

 

Total Other consumer

$

-

$

-

$

-

$

-

$

-

$

-

$

4,658

$

-

$

4,658

Total Popular U.S.

$

1,933,575

$

1,504,793

$

1,258,160

$

862,283

$

629,989

$

1,802,434

$

361,553

$

22,388

$

8,375,175

December 31, 2021

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2021

 

2020

 

2019

 

2018

 

2017

 

Prior

Years

 

 

 

Total

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

 

 

 

Watch

$

8,600

$

41,348

$

56,229

$

20,682

$

37,343

$

53,238

$

-

$

-

$

217,440

 

 

 

Special mention

 

-

 

3,752

 

9,013

 

30,244

 

11,071

 

31,322

 

-

 

-

 

85,402

 

 

 

Substandard

 

-

 

-

 

68,131

 

12,748

 

-

 

24,901

 

100

 

-

 

105,880

 

 

 

Pass

 

447,549

 

263,093

 

236,138

 

169,845

 

48,875

 

384,192

 

4,216

 

-

 

1,553,908

 

 

Total commercial multi-family

$

456,149

$

308,193

$

369,511

$

233,519

$

97,289

$

493,653

$

4,316

$

-

$

1,962,630

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate non-owner occupied

 

 

 

Watch

$

113,181

$

250,961

$

67,510

$

193,620

$

31,010

$

359,593

$

4,017

$

-

$

1,019,892

 

 

 

Special Mention

 

21,448

 

12,563

 

10,476

 

7,025

 

15,181

 

39,625

 

-

 

-

 

106,318

 

 

 

Substandard

 

30,155

 

28,546

 

30,605

 

40,000

 

14,154

 

132,730

 

-

 

-

 

276,190

 

 

 

Pass

 

1,056,754

 

444,733

 

245,278

 

249,431

 

293,038

 

903,658

 

18,098

 

-

 

3,210,990

 

 

Total commercial real estate non-owner occupied

$

1,221,538

$

736,803

$

353,869

$

490,076

$

353,383

$

1,435,606

$

22,115

$

-

$

4,613,390

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate owner occupied

 

 

 

Watch

$

8,393

$

8,851

$

16,797

$

15,108

$

4,715

$

138,848

$

4,222

$

-

$

196,934

 

 

 

Special Mention

 

5,573

 

857

 

7,598

 

1,427

 

2,449

 

105,272

 

-

 

-

 

123,176

 

 

 

Substandard

 

6,960

 

1,028

 

2,794

 

38,407

 

1,869

 

134,129

 

-

 

-

 

185,187

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

76

 

612

 

-

 

-

 

688

 

 

 

Pass

 

368,431

 

245,179

 

79,298

 

46,957

 

58,821

 

493,114

 

20,317

 

-

 

1,312,117

 

 

Total commercial real estate owner occupied

$

389,357

$

255,915

$

106,487

$

101,899

$

67,930

$

871,975

$

24,539

$

-

$

1,818,102

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

Watch

$

190,276

$

17,209

$

25,828

$

113,108

$

14,582

$

92,306

$

112,108

$

-

$

565,417

 

 

 

Special Mention

 

9,884

 

17,139

 

15,526

 

28,954

 

1,071

 

28,663

 

68,574

 

-

 

169,811

 

 

 

Substandard

 

2,727

 

1,188

 

7,600

 

36,321

 

66,939

 

47,058

 

38,162

 

-

 

199,995

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

-

 

62

 

-

 

-

 

62

 

 

 

Loss

 

262

 

58

 

108

 

17

 

51

 

191

 

-

 

-

 

687

 

 

 

Pass

 

1,116,915

 

674,933

 

487,052

 

275,170

 

187,726

 

673,205

 

987,606

 

-

 

4,402,607

 

 

Total commercial and industrial

$

1,320,064

$

710,527

$

536,114

$

453,570

$

270,369

$

841,485

$

1,206,450

$

-

$

5,338,579

December 31, 2021

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2021

 

2020

 

2019

 

2018

 

2017

 

Prior

Years

 

 

 

Total

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

Watch

$

-

$

14,300

$

23,547

$

28,757

$

34,205

$

-

$

-

$

-

$

100,809

 

 

 

Special Mention

 

-

 

-

 

-

 

-

 

-

 

13,622

 

-

 

-

 

13,622

 

 

 

Substandard

 

-

 

-

 

485

 

15,438

 

10,231

 

-

 

-

 

-

 

26,154

 

 

 

Pass

 

152,183

 

177,667

 

166,253

 

13,634

 

36,500

 

7,138

 

22,260

 

-

 

575,635

 

Total construction

$

152,183

$

191,967

$

190,285

$

57,829

$

80,936

$

20,760

$

22,260

$

-

$

716,220

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Substandard

$

-

$

5,292

$

9,106

$

6,580

$

4,527

$

135,370

$

-

$

-

$

160,875

 

 

 

Pass

 

790,383

 

570,992

 

438,535

 

327,225

 

201,358

 

4,937,828

 

-

 

-

 

7,266,321

 

Total mortgage

$

790,383

$

576,284

$

447,641

$

333,805

$

205,885

$

5,073,198

$

-

$

-

$

7,427,196

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leasing

 

 

 

Substandard

$

124

$

618

$

880

$

613

$

613

$

235

$

-

$

-

$

3,083

 

 

 

Loss

 

-

 

-

 

-

 

1

 

16

 

2

 

-

 

-

 

19

 

 

 

Pass

 

613,452

 

328,085

 

222,770

 

133,112

 

62,881

 

17,917

 

-

 

-

 

1,378,217

 

Total leasing

$

613,576

$

328,703

$

223,650

$

133,726

$

63,510

$

18,154

$

-

$

-

$

1,381,319

December 31, 2021

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2021

 

2020

 

2019

 

2018

 

2017

 

Prior

Years

 

 

 

Total

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

Credit cards

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

-

$

8,577

$

-

$

8,577

 

 

 

Pass

 

-

 

-

 

-

 

-

 

-

 

-

 

911,284

 

-

 

911,284

 

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

919,861

$

-

$

919,861

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

3,006

$

23

$

935

$

3,964

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

207

 

-

 

1,258

 

1,465

 

 

 

Pass

 

-

 

-

 

-

 

-

 

-

 

11,423

 

41,815

 

20,195

 

73,433

 

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

14,636

$

41,838

$

22,388

$

78,862

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Substandard

$

498

$

691

$

2,355

$

939

$

953

$

15,843

$

2

$

1,385

$

22,666

 

 

 

Loss

 

30

 

2

 

7

 

-

 

-

 

22

 

-

 

-

 

61

 

 

 

Pass

 

615,142

 

217,063

 

270,674

 

98,759

 

56,432

 

125,690

 

124

 

36,394

 

1,420,278

 

Total Personal

$

615,670

$

217,756

$

273,036

$

99,698

$

57,385

$

141,555

$

126

$

37,779

$

1,443,005

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 

 

Substandard

$

3,080

$

7,520

$

9,498

$

4,739

$

2,210

$

1,422

$

-

$

-

$

28,469

 

 

 

Loss

 

42

 

11

 

-

 

-

 

-

 

-

 

-

 

-

 

53

 

 

 

Pass

 

1,259,800

 

808,339

 

637,300

 

420,293

 

177,104

 

80,829

 

-

 

-

 

3,383,665

 

Total Auto

$

1,262,922

$

815,870

$

646,798

$

425,032

$

179,314

$

82,251

$

-

$

-

$

3,412,187

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other consumer

 

 

 

Substandard

$

-

$

114

$

21

$

487

$

-

$

135

$

11,250

$

-

$

12,007

 

 

 

Loss

 

-

 

-

 

-

 

579

 

-

 

34

 

-

 

-

 

613

 

 

 

Pass

 

24,845

 

9,781

 

9,348

 

5,610

 

3,914

 

947

 

62,141

 

-

 

116,586

 

Total Other consumer

$

24,845

$

9,895

$

9,369

$

6,676

$

3,914

$

1,116

$

73,391

$

-

$

129,206

Total Popular Inc.

$

6,846,687

$

4,151,913

$

3,156,760

$

2,335,830

$

1,379,915

$

8,994,389

$

2,314,896

$

60,167

$

29,240,557