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Goodwill and other intangible assets | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure |
Goodwill And Other Intangible Assets | Note 14 – Goodwill and other intangible assets Goodwill There were no changes in the carrying amount of goodwill for the quarters ended March 31, 2023 and 2022. The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments: March 31, 2023 Balance at Balance at March 31, Accumulated March 31, 2023 impairment 2023 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 173,411 391,045 Total Popular, Inc. $ 1,004,640 $ 177,212 $ 827,428 December 31, 2022 Balance at Balance at December 31, Accumulated December 31, 2022 impairment 2022 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 173,411 391,045 Total Popular, Inc. $ 1,004,640 $ 177,212 $ 827,428 Other Intangible Assets The following table reflects the components of other intangible assets subject to amortization: Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value March 31, 2023 Core deposits $ 12,810 $ 10,355 $ 2,455 Other customer relationships 14,286 5,352 8,934 Total other intangible assets $ 27,096 $ 15,707 $ 11,389 December 31, 2022 Core deposits $ 12,810 $ 10,034 $ 2,776 Other customer relationships 14,286 4,878 9,408 Total other intangible assets $ 27,096 $ 14,912 $ 12,184 During the quarter ended March 31, 2023, the Corporation recognized $ 0.8 million in amortization expense related to intangible assets with definite useful lives (March 31, 2022 - $ 0.9 million). The following table presents the estimated amortization of the intangible assets with definite useful lives for each of the following periods: (In thousands) Remaining 2023 $ 2,384 Year 2024 2,938 Year 2025 1,750 Year 2026 1,440 Year 2027 959 Later years 1,918

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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