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Guarantees (Tables)
3 Months Ended
Mar. 31, 2022
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 related to loans serviced with credit recourse provisions during the quarters ended March 31, 2022 and 2021.

 

 

Quarters ended March 31,

(In thousands)

 

2022

 

2021

Balance as of beginning of period

$

11,800

$

22,484

Provision for recourse liability

 

46

 

817

Net charge-offs

 

(1,511)

 

(3,057)

Balance as of end of period

$

10,335

$

20,244

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

 

 

Quarters ended March 31,

(In thousands)

 

2022

 

 

2021

Balance as of beginning of period

$

839

 

$

2,297

Provision (benefit) for representation and warranties

 

699

 

 

(119)

Net charge-offs

 

(725)

 

 

-

Balance as of end of period

$

813

 

$

2,178