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Allowance for credit losses - Allowance Movement (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | $ 677,792 | $ 800,797 | $ 695,366 | $ 896,250
Provision for credit losses (benefit) | 9,861 | (17,500) | (4,544) | (93,279)
Initial allowance for credit losses - PCD Loans | 170 | 1,202 | 782 | 2,558
Charge-offs | (27,757) | (29,170) | (53,509) | (77,780)
Recoveries | 21,684 | 30,461 | 43,655 | 58,041
Ending balance | 681,750 | 785,790 | 681,750 | 785,790
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 7,054 | 9,569 | 7,897 | 15,851
Provision for credit losses (benefit) | (150) | 367 | (993) | (5,915)
Balance at end of period | 6,904 | 9,936 | 6,904 | 9,936
Construction |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 6,539 | 9,195 | 6,363 | 14,237
Provision for credit losses (benefit) | (25) | 1,675 | (1,393) | 2,550
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | 0 | (523) | 0 | (7,142)
Recoveries | 399 | 909 | 1,943 | 1,611
Ending balance | 6,913 | 11,256 | 6,913 | 11,256
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 4,059 | 4,148 | 4,725 | 9,079
Provision for credit losses (benefit) | (564) | 929 | (1,230) | (4,002)
Balance at end of period | 3,495 | 5,077 | 3,495 | 5,077
Mortgages |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 149,206 | 202,126 | 154,478 | 215,716
Provision for credit losses (benefit) | (5,459) | (20,197) | (14,355) | (26,920)
Initial allowance for credit losses - PCD Loans | 170 | 1,202 | 782 | 2,558
Charge-offs | (1,435) | (5,047) | (2,756) | (15,429)
Recoveries | 5,823 | 4,535 | 10,156 | 6,694
Ending balance | 148,305 | 182,619 | 148,305 | 182,619
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 0 | 0 | 0 | 0
Provision for credit losses (benefit) | 0 | 0 | 0 | 0
Balance at end of period | 0 | 0 | 0 | 0
Commercial |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 204,643 | 276,219 | 215,805 | 333,380
Provision for credit losses (benefit) | 1,712 | (15,365) | (14,307) | (73,944)
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | (1,719) | (2,725) | (2,373) | (5,991)
Recoveries | 4,994 | 13,015 | 10,505 | 17,699
Ending balance | 209,630 | 271,144 | 209,630 | 271,144
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 2,965 | 5,356 | 3,135 | 6,666
Provision for credit losses (benefit) | 384 | (545) | 214 | (1,855)
Balance at end of period | 3,349 | 4,811 | 3,349 | 4,811
Leasing |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 18,398 | 12,687 | 17,578 | 16,863
Provision for credit losses (benefit) | 1,306 | 5,257 | 1,692 | 1,199
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | (1,496) | (1,135) | (1,903) | (2,193)
Recoveries | 829 | 742 | 1,670 | 1,682
Ending balance | 19,037 | 17,551 | 19,037 | 17,551
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 0 | 0 | 0 | 0
Provision for credit losses (benefit) | 0 | 0 | 0 | 0
Balance at end of period | 0 | 0 | 0 | 0
Consumer |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 299,006 | 300,570 | 301,142 | 316,054
Provision for credit losses (benefit) | 12,327 | 11,130 | 23,819 | 3,836
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | (23,107) | (19,740) | (46,477) | (47,025)
Recoveries | 9,639 | 11,260 | 19,381 | 30,355
Ending balance | 297,865 | 303,220 | 297,865 | 303,220
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 30 | 65 | 37 | 106
Provision for credit losses (benefit) | 30 | (17) | 23 | (58)
Balance at end of period | 60 | 48 | 60 | 48
Puerto Rico |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 576,611 | 681,656 | 594,162 | 739,750
Provision for credit losses (benefit) | 9,128 | (22,488) | (3,533) | (62,464)
Initial allowance for credit losses - PCD Loans | 170 | 1,202 | 782 | 2,558
Charge-offs | (25,964) | (25,583) | (50,284) | (70,553)
Recoveries | 20,632 | 27,066 | 39,450 | 52,562
Ending balance | 580,577 | 661,853 | 580,577 | 661,853
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 3,571 | 4,158 | 4,139 | 9,523
Provision for credit losses (benefit) | (5) | 499 | (573) | (4,866)
Balance at end of period | 3,566 | 4,657 | 3,566 | 4,657
Puerto Rico | Construction |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 2,414 | 260 | 1,641 | 4,871
Provision for credit losses (benefit) | 265 | 481 | 622 | 1,787
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | 0 | 0 | 0 | (6,619)
Recoveries | 395 | 479 | 811 | 1,181
Ending balance | 3,074 | 1,220 | 3,074 | 1,220
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 1,924 | 245 | 2,388 | 4,610
Provision for credit losses (benefit) | (390) | 1,160 | (854) | (3,205)
Balance at end of period | 1,534 | 1,405 | 1,534 | 1,405
Puerto Rico | Mortgages |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 131,362 | 185,805 | 138,286 | 195,557
Provision for credit losses (benefit) | (5,953) | (19,264) | (16,481) | (22,069)
Initial allowance for credit losses - PCD Loans | 170 | 1,202 | 782 | 2,558
Charge-offs | (1,367) | (5,047) | (2,688) | (15,428)
Recoveries | 5,818 | 4,112 | 10,131 | 6,190
Ending balance | 130,030 | 166,808 | 130,030 | 166,808
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 0 | 0 | 0 | 0
Provision for credit losses (benefit) | 0 | 0 | 0 | 0
Balance at end of period | 0 | 0 | 0 | 0
Puerto Rico | Commercial |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 145,471 | 197,111 | 151,928 | 225,323
Provision for credit losses (benefit) | 4,664 | (20,204) | (6,023) | (49,850)
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | (1,322) | (2,035) | (1,849) | (4,918)
Recoveries | 4,734 | 11,912 | 9,491 | 16,229
Ending balance | 153,547 | 186,784 | 153,547 | 186,784
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 1,647 | 3,913 | 1,751 | 4,913
Provision for credit losses (benefit) | 385 | (661) | 281 | (1,661)
Balance at end of period | 2,032 | 3,252 | 2,032 | 3,252
Puerto Rico | Leasing |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 18,398 | 12,687 | 17,578 | 16,863
Provision for credit losses (benefit) | 1,306 | 5,257 | 1,692 | 1,199
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | (1,496) | (1,135) | (1,903) | (2,193)
Recoveries | 829 | 742 | 1,670 | 1,682
Ending balance | 19,037 | 17,551 | 19,037 | 17,551
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 0 | 0 | 0 | 0
Provision for credit losses (benefit) | 0 | 0 | 0 | 0
Balance at end of period | 0 | 0 | 0 | 0
Puerto Rico | Consumer |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 278,966 | 285,793 | 284,729 | 297,136
Provision for credit losses (benefit) | 8,846 | 11,242 | 16,657 | 6,469
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | (21,779) | (17,366) | (43,844) | (41,395)
Recoveries | 8,856 | 9,821 | 17,347 | 27,280
Ending balance | 274,889 | 289,490 | 274,889 | 289,490
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 0 | 0 | 0 | 0
Provision for credit losses (benefit) | 0 | 0 | 0 | 0
Balance at end of period | 0 | 0 | 0 | 0
Popular U.S. |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 101,181 | 119,141 | 101,204 | 156,500
Provision for credit losses (benefit) | 733 | 4,988 | (1,011) | (30,815)
Charge-offs | (1,793) | (3,587) | (3,225) | (7,227)
Recoveries | 1,052 | 3,395 | 4,205 | 5,479
Ending balance | 101,173 | 123,937 | 101,173 | 123,937
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 3,483 | 5,411 | 3,758 | 6,328
Provision for credit losses (benefit) | (145) | (132) | (420) | (1,049)
Balance at end of period | 3,338 | 5,279 | 3,338 | 5,279
Popular U.S. | Construction |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 4,125 | 8,935 | 4,722 | 9,366
Provision for credit losses (benefit) | (290) | 1,194 | (2,015) | 763
Charge-offs | 0 | (523) | 0 | (523)
Recoveries | 4 | 430 | 1,132 | 430
Ending balance | 3,839 | 10,036 | 3,839 | 10,036
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 2,135 | 3,903 | 2,337 | 4,469
Provision for credit losses (benefit) | (174) | (231) | (376) | (797)
Balance at end of period | 1,961 | 3,672 | 1,961 | 3,672
Popular U.S. | Mortgages |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 17,844 | 16,321 | 16,192 | 20,159
Provision for credit losses (benefit) | 494 | (933) | 2,126 | (4,851)
Charge-offs | (68) | 0 | (68) | (1)
Recoveries | 5 | 423 | 25 | 504
Ending balance | 18,275 | 15,811 | 18,275 | 15,811
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 0 | 0 | 0 | 0
Provision for credit losses (benefit) | 0 | 0 | 0 | 0
Balance at end of period | 0 | 0 | 0 | 0
Popular U.S. | Commercial |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 59,172 | 79,108 | 63,877 | 108,057
Provision for credit losses (benefit) | (2,952) | 4,839 | (8,284) | (24,094)
Charge-offs | (397) | (690) | (524) | (1,073)
Recoveries | 260 | 1,103 | 1,014 | 1,470
Ending balance | 56,083 | 84,360 | 56,083 | 84,360
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 1,318 | 1,443 | 1,384 | 1,753
Provision for credit losses (benefit) | (1) | 116 | (67) | (194)
Balance at end of period | 1,317 | 1,559 | 1,317 | 1,559
Popular U.S. | Consumer |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 20,040 | 14,777 | 16,413 | 18,918
Provision for credit losses (benefit) | 3,481 | (112) | 7,162 | (2,633)
Charge-offs | (1,328) | (2,374) | (2,633) | (5,630)
Recoveries | 783 | 1,439 | 2,034 | 3,075
Ending balance | 22,976 | 13,730 | 22,976 | 13,730
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 30 | 65 | 37 | 106
Provision for credit losses (benefit) | 30 | (17) | 23 | (58)
Balance at end of period | $ 60 | $ 48 | $ 60 | $ 48

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