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Commitments and contingencies (Tables) | 12 Months Ended
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Dec. 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) December 31, 2022 December 31, 2021 Commitments to extend credit: Credit card lines $ 5,853,990 $ 5,382,089 Commercial and construction lines of credit 4,425,825 3,830,601 Other consumer unused credit commitments 250,271 250,229 Commercial letters of credit 3,351 3,260 Standby letters of credit 27,868 27,848 Commitments to originate or fund mortgage loans 45,170 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 December 31, 2022: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 12 $ - $ 12 $ 12 After 5 to 10 years 1 - 1 1 After 10 years 29 - 29 29 Total Central Government 42 - 42 42 Municipalities Within 1 year 4,530 20,243 24,773 42,962 After 1 to 5 years 19,105 101,009 120,114 149,114 After 5 to 10 years 1,025 131,202 132,227 132,227 After 10 years - 49,831 49,831 49,831 Total Municipalities 24,660 302,285 326,945 374,134 Total Direct Government Exposure $ 24,702 $ 302,285 $ 326,987 $ 374,176

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- Definition Tabular disclosure of the loans and investments representing the Corporations direct exposure to the Puerto Rico government according to their maturities. + References No definition available. + Details
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- Definition Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=123594938&loc=d3e13433-108611 + Details
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