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v3.22.2.2

Allowance for credit losses - Allowance Movement (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | $ 681,750 | $ 785,790 | $ 695,366 | $ 896,250
Provision for credit losses (benefit) | 39,519 | (58,645) | 34,975 | (151,924)
Initial allowance for credit losses - PCD Loans | 59 | 253 | 841 | 2,811
Charge-offs | (39,552) | (31,567) | (93,061) | (109,347)
Recoveries | 21,320 | 22,744 | 64,975 | 80,785
Ending balance | 703,096 | 718,575 | 703,096 | 718,575
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 6,904 | 9,936 | 7,897 | 15,851
Provision for credit losses (benefit) | 403 | (1,536) | (590) | (7,451)
Balance at end of period | 7,307 | 8,400 | 7,307 | 8,400
Construction |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 6,913 | 11,256 | 6,363 | 14,237
Provision for credit losses (benefit) | (714) | (3,629) | (2,107) | (1,079)
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | 0 | (1) | 0 | (7,143)
Recoveries | 0 | 2,224 | 1,943 | 3,835
Ending balance | 6,199 | 9,850 | 6,199 | 9,850
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 3,495 | 5,077 | 4,725 | 9,079
Provision for credit losses (benefit) | (301) | (203) | (1,531) | (4,205)
Balance at end of period | 3,194 | 4,874 | 3,194 | 4,874
Mortgages |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 148,305 | 182,619 | 154,478 | 215,716
Provision for credit losses (benefit) | (12,018) | (14,653) | (26,373) | (41,573)
Initial allowance for credit losses - PCD Loans | 59 | 253 | 841 | 2,811
Charge-offs | (1,720) | (1,159) | (4,476) | (16,588)
Recoveries | 3,908 | 3,318 | 14,064 | 10,012
Ending balance | 138,534 | 170,378 | 138,534 | 170,378
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 | 209,630 | 271,144 | 215,805 | 333,380
Provision for credit losses (benefit) | 18,566 | (32,436) | 4,259 | (106,380)
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | (5,538) | (9,505) | (7,911) | (15,496)
Recoveries | 7,199 | 5,611 | 17,704 | 23,310
Ending balance | 229,857 | 234,814 | 229,857 | 234,814
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 3,349 | 4,811 | 3,135 | 6,666
Provision for credit losses (benefit) | 667 | (1,320) | 881 | (3,175)
Balance at end of period | 4,016 | 3,491 | 4,016 | 3,491
Leasing |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 19,037 | 17,551 | 17,578 | 16,863
Provision for credit losses (benefit) | 2,115 | (5,613) | 3,807 | (4,414)
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | (2,191) | (1,054) | (4,094) | (3,247)
Recoveries | 853 | 750 | 2,523 | 2,432
Ending balance | 19,814 | 11,634 | 19,814 | 11,634
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 | 297,865 | 303,220 | 301,142 | 316,054
Provision for credit losses (benefit) | 31,570 | (2,314) | 55,389 | 1,522
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | (30,103) | (19,848) | (76,580) | (66,873)
Recoveries | 9,360 | 10,841 | 28,741 | 41,196
Ending balance | 308,692 | 291,899 | 308,692 | 291,899
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 60 | 48 | 37 | 106
Provision for credit losses (benefit) | 37 | (13) | 60 | (71)
Balance at end of period | 97 | 35 | 97 | 35
Puerto Rico |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 580,577 | 661,853 | 594,162 | 739,750
Provision for credit losses (benefit) | 28,694 | (35,992) | 25,161 | (98,456)
Initial allowance for credit losses - PCD Loans | 59 | 253 | 841 | 2,811
Charge-offs | (37,209) | (29,904) | (87,493) | (100,457)
Recoveries | 18,813 | 20,568 | 58,263 | 73,130
Ending balance | 590,934 | 616,778 | 590,934 | 616,778
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 3,566 | 4,657 | 4,139 | 9,523
Provision for credit losses (benefit) | 1,217 | (252) | 644 | (5,118)
Balance at end of period | 4,783 | 4,405 | 4,783 | 4,405
Puerto Rico | Construction |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 3,074 | 1,220 | 1,641 | 4,871
Provision for credit losses (benefit) | 1,181 | (1,532) | 1,803 | 255
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | 0 | (1) | 0 | (6,620)
Recoveries | 0 | 2,224 | 811 | 3,405
Ending balance | 4,255 | 1,911 | 4,255 | 1,911
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 1,534 | 1,405 | 2,388 | 4,610
Provision for credit losses (benefit) | 349 | 663 | (505) | (2,542)
Balance at end of period | 1,883 | 2,068 | 1,883 | 2,068
Puerto Rico | Mortgages |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 130,030 | 166,808 | 138,286 | 195,557
Provision for credit losses (benefit) | (11,648) | (14,110) | (28,129) | (36,179)
Initial allowance for credit losses - PCD Loans | 59 | 253 | 841 | 2,811
Charge-offs | (1,720) | (1,157) | (4,408) | (16,585)
Recoveries | 3,885 | 3,268 | 14,016 | 9,458
Ending balance | 120,606 | 155,062 | 120,606 | 155,062
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 | 153,547 | 186,784 | 151,928 | 225,323
Provision for credit losses (benefit) | 7,078 | (13,923) | 1,055 | (63,773)
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | (4,818) | (9,481) | (6,667) | (14,399)
Recoveries | 5,968 | 5,124 | 15,459 | 21,353
Ending balance | 161,775 | 168,504 | 161,775 | 168,504
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 2,032 | 3,252 | 1,751 | 4,913
Provision for credit losses (benefit) | 868 | (915) | 1,149 | (2,576)
Balance at end of period | 2,900 | 2,337 | 2,900 | 2,337
Puerto Rico | Leasing |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 19,037 | 17,551 | 17,578 | 16,863
Provision for credit losses (benefit) | 2,115 | (5,613) | 3,807 | (4,414)
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | (2,191) | (1,054) | (4,094) | (3,247)
Recoveries | 853 | 750 | 2,523 | 2,432
Ending balance | 19,814 | 11,634 | 19,814 | 11,634
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 | 274,889 | 289,490 | 284,729 | 297,136
Provision for credit losses (benefit) | 29,968 | (814) | 46,625 | 5,655
Initial allowance for credit losses - PCD Loans | 0 | 0 | 0 | 0
Charge-offs | (28,480) | (18,211) | (72,324) | (59,606)
Recoveries | 8,107 | 9,202 | 25,454 | 36,482
Ending balance | 284,484 | 279,667 | 284,484 | 279,667
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 | 101,173 | 123,937 | 101,204 | 156,500
Provision for credit losses (benefit) | 10,825 | (22,653) | 9,814 | (53,468)
Charge-offs | (2,343) | (1,663) | (5,568) | (8,890)
Recoveries | 2,507 | 2,176 | 6,712 | 7,655
Ending balance | 112,162 | 101,797 | 112,162 | 101,797
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 3,338 | 5,279 | 3,758 | 6,328
Provision for credit losses (benefit) | (814) | (1,284) | (1,234) | (2,333)
Balance at end of period | 2,524 | 3,995 | 2,524 | 3,995
Popular U.S. | Construction |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 3,839 | 10,036 | 4,722 | 9,366
Provision for credit losses (benefit) | (1,895) | (2,097) | (3,910) | (1,334)
Charge-offs | 0 | 0 | 0 | (523)
Recoveries | 0 | 0 | 1,132 | 430
Ending balance | 1,944 | 7,939 | 1,944 | 7,939
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 1,961 | 3,672 | 2,337 | 4,469
Provision for credit losses (benefit) | (650) | (866) | (1,026) | (1,663)
Balance at end of period | 1,311 | 2,806 | 1,311 | 2,806
Popular U.S. | Mortgages |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 18,275 | 15,811 | 16,192 | 20,159
Provision for credit losses (benefit) | (370) | (543) | 1,756 | (5,394)
Charge-offs | 0 | (2) | (68) | (3)
Recoveries | 23 | 50 | 48 | 554
Ending balance | 17,928 | 15,316 | 17,928 | 15,316
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 | 56,083 | 84,360 | 63,877 | 108,057
Provision for credit losses (benefit) | 11,488 | (18,513) | 3,204 | (42,607)
Charge-offs | (720) | (24) | (1,244) | (1,097)
Recoveries | 1,231 | 487 | 2,245 | 1,957
Ending balance | 68,082 | 66,310 | 68,082 | 66,310
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 1,317 | 1,559 | 1,384 | 1,753
Provision for credit losses (benefit) | (201) | (405) | (268) | (599)
Balance at end of period | 1,116 | 1,154 | 1,116 | 1,154
Popular U.S. | Consumer |  |  |  |
Financing Receivable, Allowance for Credit Losses |  |  |  |
Beginning balance | 22,976 | 13,730 | 16,413 | 18,918
Provision for credit losses (benefit) | 1,602 | (1,500) | 8,764 | (4,133)
Charge-offs | (1,623) | (1,637) | (4,256) | (7,267)
Recoveries | 1,253 | 1,639 | 3,287 | 4,714
Ending balance | 24,208 | 12,232 | 24,208 | 12,232
Allowance for credit losses - unfunded commitments: |  |  |  |
Balance at beginning of period | 60 | 48 | 37 | 106
Provision for credit losses (benefit) | 37 | (13) | 60 | (71)
Balance at end of period | $ 97 | $ 35 | $ 97 | $ 35

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