XML 77 R61.htm IDEA: XBRL DOCUMENT v3.22.1
Commitments and contingencies (Tables)
 3 Months Ended
Mar. 31, 2022
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)

March 31, 2022

December 31, 2021

Commitments to extend credit:

 

 

 

 

 

Credit card lines

$

5,480,888

$

5,382,089

 

Commercial and construction lines of credit

 

3,977,223

 

3,830,601

 

Other consumer unused credit commitments

 

248,708

 

250,229

Commercial letters of credit

 

3,640

 

3,260

Standby letters of credit

 

31,643

 

27,848

Commitments to originate or fund mortgage loans

 

113,755

 

95,372
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 March 31, 2022:

(In thousands)

 

Investment Portfolio

 

Loans

 

Total Outstanding

 

Total Exposure

Central Government

 

 

 

 

 

 

 

 

After 1 to 5 years

$

16

$

-

$

16

$

16

After 5 to 10 years

 

1

 

-

 

1

 

1

After 10 years

 

35

 

-

 

35

 

35

Total Central Government

 

52

 

-

 

52

 

52

Municipalities

 

 

 

 

 

 

 

 

Within 1 year

 

4,440

 

72,065

 

76,505

 

94,694

After 1 to 5 years

 

13,045

 

67,472

 

80,517

 

80,517

After 5 to 10 years

 

9,530

 

123,507

 

133,037

 

133,037

After 10 years

 

230

 

55,257

 

55,487

 

55,487

Total Municipalities

 

27,245

 

318,301

 

345,546

 

363,735

Total Direct Government Exposure

$

27,297

$

318,301

$

345,598

$

363,787