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Allowance for credit losses - loans held-in-portfolio (Tables) | 3 Months Ended
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Mar. 31, 2023
Allowance for credit losses on financing receivables | The following tables present the changes in the ACL of loans held-in-portfolio and unfunded commitments for the quarters ended March 31, 2023 and 2022. For the quarter ended March 31, 2023 BPPR Impact of Provision for Allowance for Beginning Adopting credit losses credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 5,210 $ - $ (454) $ - $ - $ - $ 4,756 Commercial real estate non-owner occupied 52,475 - 1,284 - - 135 53,894 Commercial real estate owner occupied 48,393 (1,161) (2,730) - (3) 1,510 46,009 Commercial and industrial 68,217 (552) 9,819 - (1,607) 1,165 77,042 Total Commercial 174,295 (1,713) 7,919 - (1,610) 2,810 181,701 Construction 2,978 - 94 - - - 3,072 Mortgage 117,344 (33,556) 1,267 68 (846) 4,800 89,077 Leasing 20,618 (35) 734 - (1,417) 1,090 20,990 Consumer Credit Cards 58,670 - 15,570 - (8,676) 2,389 67,953 HELOCs 103 - (39) - (33) 69 100 Personal 96,369 (7,020) 11,104 - (13,580) 1,535 88,408 Auto 129,735 (21) 8,319 - (12,118) 4,914 130,829 Other 15,433 - 235 - (11,007) 216 4,877 Total Consumer 300,310 (7,041) 35,189 - (45,414) 9,123 292,167 Total - Loans $ 615,545 $ (42,345) $ 45,203 $ 68 $ (49,287) $ 17,823 $ 587,007 Allowance for credit losses - unfunded commitments: Commercial $ 4,336 $ - $ 564 $ - $ - $ - $ 4,900 Construction 2,022 - (76) - - - 1,946 Ending balance - unfunded commitments [1] $ 6,358 $ - $ 488 $ - $ - $ - $ 6,846 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 31, 2023 Popular U.S. Impact of Provision for Beginning Adopting credit losses - Ending (In thousands) Balance ASU 2022-02 (benefits) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 21,101 $ - $ (493) $ - $ 2 $ 20,610 Commercial real estate non-owner occupied 19,065 - (2,961) - 1,852 17,956 Commercial real estate owner occupied 8,688 - (224) - 24 8,488 Commercial and industrial 12,227 - 2,528 (499) 968 15,224 Total Commercial 61,081 - (1,150) (499) 2,846 62,278 Construction 1,268 - (10) - - 1,258 Mortgage 17,910 (2,098) (426) - 14 15,400 Consumer Credit Cards - - 1 (1) - - HELOCs 2,439 - (712) (143) 269 1,853 Personal 22,057 (1,140) 4,191 (4,170) 383 21,321 Other 2 - 49 (53) 5 3 Total Consumer 24,498 (1,140) 3,529 (4,367) 657 23,177 Total - Loans $ 104,757 $ (3,238) $ 1,943 $ (4,866) $ 3,517 $ 102,113 Allowance for credit losses - unfunded commitments: Commercial $ 1,175 $ - $ 54 $ - $ - $ 1,229 Construction 1,184 - 94 - - 1,278 Consumer 88 - (26) - - 62 Ending balance - unfunded commitments [1] $ 2,447 $ - $ 122 $ - $ - $ 2,569 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 31, 2023 Popular Inc. Impact Provision for Allowance for Beginning of adopting credit losses credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 26,311 $ - $ (947) $ - $ - $ 2 $ 25,366 Commercial real estate non-owner occupied 71,540 - (1,677) - - 1,987 71,850 Commercial real estate owner occupied 57,081 (1,161) (2,954) - (3) 1,534 54,497 Commercial and industrial 80,444 (552) 12,347 - (2,106) 2,133 92,266 Total Commercial 235,376 (1,713) 6,769 - (2,109) 5,656 243,979 Construction 4,246 - 84 - - - 4,330 Mortgage 135,254 (35,654) 841 68 (846) 4,814 104,477 Leasing 20,618 (35) 734 - (1,417) 1,090 20,990 Consumer Credit Cards 58,670 - 15,571 - (8,677) 2,389 67,953 HELOCs 2,542 - (751) - (176) 338 1,953 Personal 118,426 (8,160) 15,295 - (17,750) 1,918 109,729 Auto 129,735 (21) 8,319 - (12,118) 4,914 130,829 Other 15,435 - 284 - (11,060) 221 4,880 Total Consumer 324,808 (8,181) 38,718 - (49,781) 9,780 315,344 Total - Loans $ 720,302 $ (45,583) $ 47,146 $ 68 $ (54,153) $ 21,340 $ 689,120 Allowance for credit losses - unfunded commitments: Commercial $ 5,511 $ - $ 618 $ - $ - $ - $ 6,129 Construction 3,206 - 18 - - - 3,224 Consumer 88 - (26) - - - 62 Ending balance - unfunded commitments [1] $ 8,805 $ - $ 610 $ - $ - $ - $ 9,415 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 31, 2022 BPPR Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 3,050 $ 385 $ - $ - $ - $ 3,435 Commercial real estate non-owner occupied 45,211 6,244 - - 184 51,639 Commercial real estate owner occupied 54,176 (10,091) - (118) 3,060 47,027 Commercial and industrial 49,491 (7,225) - (409) 1,513 43,370 Total Commercial 151,928 (10,687) - (527) 4,757 145,471 Construction 1,641 357 - - 416 2,414 Mortgage 138,286 (10,528) 612 (1,321) 4,313 131,362 Leasing 17,578 386 - (407) 841 18,398 Consumer Credit Cards 43,499 3,701 - (5,683) 2,265 43,782 HELOCs 98 (16) - (90) 94 86 Personal 71,022 1,613 - (6,858) 1,777 67,554 Auto 154,498 2,693 - (8,878) 4,017 152,330 Other 15,612 (180) - (556) 338 15,214 Total Consumer 284,729 7,811 - (22,065) 8,491 278,966 Total - Loans $ 594,162 $ (12,661) $ 612 $ (24,320) $ 18,818 $ 576,611 Allowance for credit losses - unfunded commitments: Commercial $ 1,751 $ (104) $ - $ - $ - $ 1,647 Construction 2,388 (464) - - - 1,924 Ending balance - unfunded commitments [1] $ 4,139 $ (568) $ - $ - $ - $ 3,571 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 31, 2022 Popular U.S. Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 25,418 $ (2,770) $ - $ - $ 7 $ 22,655 Commercial real estate non-owner occupied 22,246 (6,851) - - 3 15,398 Commercial real estate owner occupied 6,053 3,836 - - 112 10,001 Commercial and industrial 10,160 453 - (127) 632 11,118 Total Commercial 63,877 (5,332) - (127) 754 59,172 Construction 4,722 (1,725) - - 1,128 4,125 Mortgage 16,192 1,632 - - 20 17,844 Consumer Credit Cards - (9) - - 9 - HELOCs 3,708 (992) - (10) 919 3,625 Personal 12,700 4,616 - (1,218) 313 16,411 Other 5 66 - (77) 10 4 Total Consumer 16,413 3,681 - (1,305) 1,251 20,040 Total - Loans $ 101,204 $ (1,744) $ - $ (1,432) $ 3,153 $ 101,181 Allowance for credit losses - unfunded commitments: Commercial $ 1,384 $ (66) $ - $ - $ - $ 1,318 Construction 2,337 (202) - - - 2,135 Consumer 37 (7) - - - 30 Ending balance - unfunded commitments [1] $ 3,758 $ (275) $ - $ - $ - $ 3,483 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the quarter ended March 31, 2022 Popular Inc. Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 28,468 $ (2,385) $ - $ - $ 7 $ 26,090 Commercial real estate non-owner occupied 67,457 (607) - - 187 67,037 Commercial real estate owner occupied 60,229 (6,255) - (118) 3,172 57,028 Commercial and industrial 59,651 (6,772) - (536) 2,145 54,488 Total Commercial 215,805 (16,019) - (654) 5,511 204,643 Construction 6,363 (1,368) - - 1,544 6,539 Mortgage 154,478 (8,896) 612 (1,321) 4,333 149,206 Leasing 17,578 386 - (407) 841 18,398 Consumer Credit Cards 43,499 3,692 - (5,683) 2,274 43,782 HELOCs 3,806 (1,008) - (100) 1,013 3,711 Personal 83,722 6,229 - (8,076) 2,090 83,965 Auto 154,498 2,693 - (8,878) 4,017 152,330 Other 15,617 (114) - (633) 348 15,218 Total Consumer 301,142 11,492 - (23,370) 9,742 299,006 Total - Loans $ 695,366 $ (14,405) $ 612 $ (25,752) $ 21,971 $ 677,792 Allowance for credit losses - unfunded commitments: Commercial $ 3,135 $ (170) $ - $ - $ - $ 2,965 Construction 4,725 (666) - - - 4,059 Consumer 37 (7) - - - 30 Ending balance - unfunded commitments [1] $ 7,897 $ (843) $ - $ - $ - $ 7,054 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.
Financing receivable modified for debtors experiencing financial difficulty | Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the quarter ended March 31,2023 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Mortgage $ 227 0.00 % $ - 0.00 % $ 227 0.00 % Consumer: Credit cards 497 0.05 % - 0.00 % 497 0.05 % Personal 172 0.01 % - 0.00 % 172 0.01 % Other 3 0.00 % - 0.00 % 3 0.00 % Total $ 899 0.00 % $ - 0.00 % $ 899 0.00 % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE owner occupied $ 1,754 0.12 % $ - 0.00 % $ 1,754 0.06 % Commercial and industrial 3,705 0.09 % - 0.00 % 3,705 0.06 % Construction - 0.00 % 3,518 0.65 % 3,518 0.50 % Mortgage 14,521 0.24 % 1,853 0.14 % 16,374 0.22 % Consumer: Personal 26 0.00 % 54 0.02 % 80 0.00 % Total $ 20,006 0.09 % $ 5,425 0.06 % $ 25,431 0.08 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE non-owner occupied $ 1,751 0.06 % $ - 0.00 % $ 1,751 0.04 % CRE owner occupied 13,156 0.88 % 13,744 0.90 % 26,900 0.89 % Commercial and industrial 1,411 0.04 % 864 0.04 % 2,275 0.04 % Consumer: Other 33 0.03 % - 0.00 % 33 0.02 % Total $ 16,351 0.07 % $ 14,608 0.15 % $ 30,959 0.10 % Combination - Term extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE owner occupied $ 101 0.01 % $ - 0.00 % $ 101 0.00 % Mortgage 10,473 0.17 % 328 0.03 % 10,801 0.15 % Consumer: Personal 422 0.03 % - 0.00 % 422 0.02 % Auto 29 0.00 % - 0.00 % 29 0.00 % Total $ 11,025 0.05 % $ 328 0.00 % $ 11,353 0.04 % The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulties: For the quarter ended March 31, 2023 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 6.00 % to 5.25 %. Mortgage Reduced weighted-average contractual interest rate from 5.69 % to 4.17 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.76 % to 4.47 %. Personal Reduced weighted-average contractual interest rate from 16.97 % to 9.11 %. Auto Reduced weighted-average contractual interest rate from 12.64 % to 12.62 %. Other Reduced weighted-average contractual interest rate from 17.99 % to 0 %. Term extension Loan Type Financial Effect CRE Owner occupied Added a weighted-average 2 years to the life of loans, which reduced monthly payment amount for the borrowers. Commercial and industrial Added a weighted-average 5 months to the life of loans, which reduced monthly payment amount for the borrowers. Construction Added a weighted-average 6 months to the life of loans, which reduced monthly payment amount for the borrowers. Mortgage Added a weighted-average 10 years to the life of loans, which reduced monthly payment amount for the borrowers. Consumer: Personal Added a weighted-average 6 years to the life of loans, which reduced monthly payment amount for the borrowers. Auto Added a weighted-average 2 years to the life of loans, which reduced monthly payment amount for the borrowers. Other than insignificant payment delay Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average 12 months to the life of loans, which reduced monthly payment amount for the borrowers. CRE Owner occupied Added a weighted-average 7 months to the life of loans, which reduced monthly payment amount for the borrowers. Commercial and industrial Added a weighted-average 9 months to the life of loans, which reduced monthly payment amount for the borrowers. Consumer: Other Added a weighted-average 11 months to the life of loans, which reduced monthly payment amount for the borrowers. The following table presents, by class, the performance of loans that have been modified in the last three months at March 31, 2023. BPPR For the period ended March 31, 2023 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE Non-owner occupied $ - $ - $ - $ - $ 1,751 $ 1,751 $ - $ - CRE Owner occupied - - 1,803 1,803 13,208 15,011 209 1,594 Commercial and industrial - - 142 142 4,974 5,116 28 114 Mortgage 1,202 180 7,518 8,900 16,321 25,221 - 7,518 Consumer: Credit cards 21 46 96 163 334 497 96 - Personal 6 - 232 238 382 620 - 232 Auto - - - - 29 29 - - Other - - 33 33 3 36 - 33 Total $ 1,229 $ 226 $ 9,824 $ 11,279 $ 37,002 $ 48,281 $ 333 $ 9,491 [1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported. Popular U.S. For the period ended March 31, 2023 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE Owner occupied $ - $ - $ - $ - $ 13,744 $ 13,744 $ - $ - Commercial and industrial - - - - 864 864 - - Construction - - - - 3,518 3,518 - - Mortgage - - 104 104 2,077 2,181 - 104 Consumer: Personal - - 54 54 - 54 - 54 Total $ - $ - $ 158 $ 158 $ 20,203 $ 20,361 $ - $ 158 [1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported. Popular Inc. For the period ended March 31, 2023 Past Due 90 days or more [1] (In thousands) 30-59 days 60-89 days Past due 90 days or more Total past due Current Total With Payment Default Without Payment Default CRE Non-owner occupied $ - $ - $ - $ - $ 1,751 $ 1,751 $ - $ - CRE Owner occupied - - 1,803 1,803 26,952 28,755 209 1,594 Commercial and industrial - - 142 142 5,838 5,980 28 114 Construction - - - - 3,518 3,518 - - Mortgage 1,202 180 7,622 9,004 18,398 27,402 - 7,622 Consumer: Credit cards 21 46 96 163 334 497 96 - Personal 6 - 286 292 382 674 - 286 Auto - - - - 29 29 - - Other - - 33 33 3 36 - 33 Total $ 1,229 $ 226 $ 9,982 $ 11,437 $ 57,205 $ 68,642 $ 333 $ 9,649 [1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. The recorded inve stment as of period end is inclusive of all partial paydowns and charge-offs since the modification date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported.
Schedule of Trouble Debt Restructurings breakdown by Accrual and Nonaccrual Status | December 31, 2022 (In thousands) Accruing Non-Accruing Total Related Allowance Loans held-in-portfolio: Commercial $ 269,784 $ 54,641 $ 324,425 $ 18,451 Mortgage [1] 1,169,976 86,790 1,256,766 58,819 Leasing 1,154 24 1,178 43 Consumer 54,395 7,883 62,278 13,577 Loans held-in-portfolio $ 1,495,309 $ 149,338 $ 1,644,647 $ 90,890 [1] At December 31, 2022, accruing mortgage loan TDRs include $ 725 million guaranteed by U.S. sponsored entities at BPPR.
Troubled Debt Restructurings Loan Count By Type Of Modification | For the quarter ended March 31, 2022 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other Commercial real estate non-owner occupied - - - 1 Commercial real estate owner occupied 1 1 - - Commercial and industrial 1 5 - 11 Mortgage 1 34 288 1 Consumer: Credit cards 15 - - 15 Personal 25 20 - - Auto - 1 - - Total 43 61 288 28
Troubled Debt Restructurings on Financing Receivables | Popular, Inc. For the quarter ended March 31, 2022 (In thousands) Loan count Pre-modification outstanding recorded investment Post-modification outstanding recorded investment Increase (decrease) in the allowance for loan losses as a result of modification Commercial real estate non-owner occupied 1 $ 3,400 $ 3,400 $ - Commercial real estate owner occupied 2 729 727 - Commercial and industrial 17 49,346 49,155 2,030 Mortgage 324 34,876 35,592 1,020 Consumer: Credit cards 30 248 273 5 Personal 45 729 728 130 Auto 1 28 28 5 Total 420 $ 89,356 $ 89,903 $ 3,190
T D R Loans Subsequent Default | Defaulted during the quarter ended March 31, 2022 (In thousands) Loan count Recorded investment as of first default date Mortgage 6 $ 1,870 Consumer: Credit cards 16 127 Personal 12 128 Total 34 $ 2,125
Financing Receivable Credit Quality Indicators | March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total BPPR Commercial: Commercial multi-family Watch $ 6,867 $ - $ - $ - $ 18,365 $ 4,378 $ - $ - $ 29,610 Special mention - - - - - 2,651 - - 2,651 Substandard - - - - - 3,234 100 - 3,334 Pass 28,087 138,361 22,771 20,740 16,039 30,943 270 - 257,211 Total commercial multi-family $ 34,954 $ 138,361 $ 22,771 $ 20,740 $ 34,404 $ 41,206 $ 370 $ - $ 292,806 Commercial real estate non-owner occupied Watch $ - $ 348 $ 11,102 $ 13,622 $ 14,506 $ 68,267 $ - $ - $ 107,845 Special Mention - - 29,425 19,841 63,115 49,505 5,000 - 166,886 Substandard - 8,802 - 2,607 18,488 20,454 - - 50,351 Pass 76,455 857,954 578,637 368,293 38,120 631,836 9,106 - 2,560,401 Total commercial real estate non- owner occupied $ 76,455 $ 867,104 $ 619,164 $ 404,363 $ 134,229 $ 770,062 $ 14,106 $ - $ 2,885,483 Commercial real estate owner occupied Watch $ - $ 11,755 $ 4,457 $ 9,329 $ 4,148 $ 95,445 $ 600 $ - $ 125,734 Special Mention - 9 2,417 1,534 6,147 66,300 13,834 - 90,241 Substandard - 16,087 6,078 784 712 80,734 - - 104,395 Doubtful - - - - - 438 - - 438 Pass 19,721 222,551 255,853 200,352 29,877 440,518 7,823 - 1,176,695 Total commercial real estate owner occupied $ 19,721 $ 250,402 $ 268,805 $ 211,999 $ 40,884 $ 683,435 $ 22,257 $ - $ 1,497,503 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 3 $ - $ - $ 3 Commercial and industrial Watch $ 2,151 $ 21,021 $ 1,994 $ 2,889 $ 18,406 $ 76,544 $ 42,623 $ - $ 165,628 Special Mention - 1,578 5,168 20,849 1,076 53,511 5,785 - 87,967 Substandard 5,418 766 1,137 1,813 2,588 29,834 44,565 - 86,121 Doubtful - - - 28 - 37 - - 65 Pass 228,133 758,835 578,791 275,748 164,951 328,693 1,259,501 - 3,594,652 Total commercial and industrial $ 235,702 $ 782,200 $ 587,090 $ 301,327 $ 187,021 $ 488,619 $ 1,352,474 $ - $ 3,934,433 Year-to-Date gross write-offs $ 172 $ - $ 54 $ 609 $ - $ 5 $ 767 $ - $ 1,607 Construction Watch $ - $ 35,764 $ 4,792 $ - $ - $ - $ - $ - $ 40,556 Substandard - - - 9,657 - - $ - - 9,657 Pass - 16,381 36,334 11,790 2,306 - 38,325 - 105,136 Total construction $ - $ 52,145 $ 41,126 $ 21,447 $ 2,306 $ - $ 38,325 $ - $ 155,349 Mortgage Substandard $ - $ 107 $ 166 $ 481 $ 3,255 $ 90,003 $ - $ - $ 94,012 Pass 117,402 452,532 445,012 280,846 201,346 4,525,534 - - 6,022,672 Total mortgage $ 117,402 $ 452,639 $ 445,178 $ 281,327 $ 204,601 $ 4,615,537 $ - $ - $ 6,116,684 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 846 $ - $ - $ 846 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total BPPR Leasing Substandard $ - $ 1,065 $ 1,819 $ 623 $ 1,293 $ 1,250 $ - $ - $ 6,050 Loss - 54 - - - - - - 54 Pass 193,921 595,135 399,400 218,226 130,385 71,173 - - 1,608,240 Total leasing $ 193,921 $ 596,254 $ 401,219 $ 218,849 $ 131,678 $ 72,423 $ - $ - $ 1,614,344 Year-to-Date gross write-offs $ - $ 640 $ 634 $ 94 $ - $ 49 $ - $ - $ 1,417 Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 12,058 $ - $ 12,058 Loss - - - - - - 3 - 3 Pass - - - - - - 1,034,114 - 1,034,114 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,046,175 $ - $ 1,046,175 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 8,676 $ - $ 8,676 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 2,865 $ - $ 2,865 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,865 $ - $ 2,865 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 33 $ - $ - $ 33 Personal Substandard $ - $ 1,879 $ 2,078 $ 545 $ 1,493 $ 10,640 $ - $ 1,073 $ 17,708 Loss - 105 141 17 32 2 - - 297 Pass 225,516 734,207 281,093 89,554 100,679 137,702 - 26,162 1,594,913 Total Personal $ 225,516 $ 736,191 $ 283,312 $ 90,116 $ 102,204 $ 148,344 $ - $ 27,235 $ 1,612,918 Year-to-Date gross write-offs $ 2 $ 5,105 $ 4,533 $ 1,372 $ 1,449 $ 1,119 $ - $ - $ 13,580 Auto Substandard $ - $ 8,772 $ 11,611 $ 9,978 $ 8,858 $ 5,505 $ - $ - $ 44,724 Loss - 50 9 21 16 - - - 96 Pass 292,535 1,094,296 895,350 539,897 381,528 269,514 - - 3,473,120 Total Auto $ 292,535 $ 1,103,118 $ 906,970 $ 549,896 $ 390,402 $ 275,019 $ - $ - $ 3,517,940 Year-to-Date gross write-offs $ 83 $ 6,034 $ 3,168 $ 1,633 $ 1,200 $ - $ - $ - $ 12,118 Other consumer Substandard $ - $ - $ - $ 90 $ 18 $ 550 $ 170 $ - $ 828 Loss - - - - - 263 - - 263 Pass 7,750 28,099 16,877 6,725 4,002 5,788 59,680 - 128,921 Total Other consumer $ 7,750 $ 28,099 $ 16,877 $ 6,815 $ 4,020 $ 6,601 $ 59,850 $ - $ 130,012 Year-to-Date gross write-offs $ - $ 6 $ - $ - $ 1 $ 11,000 $ - $ - $ 11,007 Total Puerto Rico $ 1,203,956 $ 5,006,513 $ 3,592,512 $ 2,106,879 $ 1,231,749 $ 7,101,246 $ 2,536,422 $ 27,235 $ 22,806,512 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular U.S. Commercial: Commercial multi-family Watch $ - $ 747 $ - $ 6,182 $ 61,528 $ 44,317 $ - $ - $ 112,774 Special mention - - - 1,181 - 22,401 - - 23,582 Substandard - - - - 14,893 10,661 - - 25,554 Pass 10,788 507,984 398,506 234,898 227,384 496,971 5,110 - 1,881,641 Total commercial multi-family $ 10,788 $ 508,731 $ 398,506 $ 242,261 $ 303,805 $ 574,350 $ 5,110 $ - $ 2,043,551 Commercial real estate non-owner occupied Watch $ - $ - $ 2,155 $ 1,241 $ 3,339 $ 52,379 $ - $ - $ 59,114 Special Mention - - - - 1,347 75,149 - - 76,496 Substandard - - 2,844 2,138 1,750 3,420 - - 10,152 Pass 28,126 549,487 204,917 246,309 108,845 474,644 7,102 - 1,619,430 Total commercial real estate non- owner occupied $ 28,126 $ 549,487 $ 209,916 $ 249,688 $ 115,281 $ 605,592 $ 7,102 $ - $ 1,765,192 Commercial real estate owner occupied Watch $ - $ - $ - $ 1,191 $ - $ 55,949 $ - $ - $ 57,140 Special Mention - - - 3,860 6,192 892 - - 10,944 Substandard - - - - 7,365 45,975 - - 53,340 Pass 47,027 361,856 417,522 114,090 77,271 376,040 5,854 - 1,399,660 Total commercial real estate owner occupied $ 47,027 $ 361,856 $ 417,522 $ 119,141 $ 90,828 $ 478,856 $ 5,854 $ - $ 1,521,084 Commercial and industrial Watch $ 2,320 $ 11,947 $ 2,532 $ 1,474 $ 1,783 $ 8,747 $ 3,641 $ - $ 32,444 Special Mention - 1,174 1,296 279 267 73 3 - 3,092 Substandard 255 584 176 134 4,219 2,089 3,477 - 10,934 Loss - 55 - 38 315 - - - 408 Pass 15,362 224,336 368,242 356,952 190,287 531,348 331,804 - 2,018,331 Total commercial and industrial $ 17,937 $ 238,096 $ 372,246 $ 358,877 $ 196,871 $ 542,257 $ 338,925 $ - $ 2,065,209 Year-to-Date gross write-offs $ 257 $ 218 $ 1 $ 8 $ 13 $ 2 $ - $ - $ 499 Construction Watch $ - $ - $ 12,364 $ - $ 6,909 $ 37,626 $ - $ - $ 56,899 Substandard - - - 1,423 - 9,260 - - 10,683 Pass 9,512 208,550 134,923 46,418 73,785 2,877 - - 476,065 Total construction $ 9,512 $ 208,550 $ 147,287 $ 47,841 $ 80,694 $ 49,763 $ - $ - $ 543,647 Mortgage Substandard $ - $ - $ 1,595 $ - $ 3,608 $ 9,516 $ - $ - $ 14,719 Pass 26,786 230,092 299,773 243,692 181,334 292,827 - - 1,274,504 Total mortgage $ 26,786 $ 230,092 $ 301,368 $ 243,692 $ 184,942 $ 302,343 $ - $ - $ 1,289,223 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 21 $ - $ 21 Total credit cards $ - $ - $ - $ - $ - $ - $ 21 $ - $ 21 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 1 $ - $ 1 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,162 $ 20 $ 1,551 $ 3,733 Loss - - - - - 111 - 775 886 Pass - - - - - 8,645 41,072 12,686 62,403 Total HELOCs $ - $ - $ - $ - $ - $ 10,918 $ 41,092 $ 15,012 $ 67,022 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 143 $ - $ - $ 143 Personal Substandard $ - $ 1,035 $ 226 $ 86 $ 175 $ 188 $ - $ - $ 1,710 Loss - 93 107 45 23 528 - - 796 Pass 20,044 147,255 39,982 5,756 10,285 2,323 - - 225,645 Total Personal $ 20,044 $ 148,383 $ 40,315 $ 5,887 $ 10,483 $ 3,039 $ - $ - $ 228,151 Year-to-Date gross write-offs $ - $ 2,331 $ 1,191 $ 271 $ 281 $ 96 $ - $ - $ 4,170 Other consumer Substandard $ - $ - $ - $ - $ - $ - $ 514 $ - $ 514 Pass - - - - - - 8,247 - 8,247 Total Other consumer $ - $ - $ - $ - $ - $ - $ 8,761 $ - $ 8,761 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 53 $ - $ - $ 53 Total Popular U.S. $ 160,220 $ 2,245,195 $ 1,887,160 $ 1,267,387 $ 982,904 $ 2,567,118 $ 406,865 $ 15,012 $ 9,531,861 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Watch $ 6,867 $ 747 $ - $ 6,182 $ 79,893 $ 48,695 $ - $ - $ 142,384 Special mention - - - 1,181 - 25,052 - - 26,233 Substandard - - - - 14,893 13,895 100 - 28,888 Pass 38,875 646,345 421,277 255,638 243,423 527,914 5,380 - 2,138,852 Total commercial multi-family $ 45,742 $ 647,092 $ 421,277 $ 263,001 $ 338,209 $ 615,556 $ 5,480 $ - $ 2,336,357 Commercial real estate non-owner occupied Watch $ - $ 348 $ 13,257 $ 14,863 $ 17,845 $ 120,646 $ - $ - $ 166,959 Special Mention - - 29,425 19,841 64,462 124,654 5,000 - 243,382 Substandard - 8,802 2,844 4,745 20,238 23,874 - - 60,503 Pass 104,581 1,407,441 783,554 614,602 146,965 1,106,480 16,208 - 4,179,831 Total commercial real estate non- owner occupied $ 104,581 $ 1,416,591 $ 829,080 $ 654,051 $ 249,510 $ 1,375,654 $ 21,208 $ - $ 4,650,675 Commercial real estate owner occupied Watch $ - $ 11,755 $ 4,457 $ 10,520 $ 4,148 $ 151,394 $ 600 $ - $ 182,874 Special Mention - 9 2,417 5,394 12,339 67,192 13,834 - 101,185 Substandard - 16,087 6,078 784 8,077 126,709 - - 157,735 Doubtful - - - - - 438 - - 438 Pass 66,748 584,407 673,375 314,442 107,148 816,558 13,677 - 2,576,355 Total commercial real estate owner occupied $ 66,748 $ 612,258 $ 686,327 $ 331,140 $ 131,712 $ 1,162,291 $ 28,111 $ - $ 3,018,587 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 3 $ - $ - $ 3 Commercial and industrial Watch $ 4,471 $ 32,968 $ 4,526 $ 4,363 $ 20,189 $ 85,291 $ 46,264 $ - $ 198,072 Special Mention - 2,752 6,464 21,128 1,343 53,584 5,788 - 91,059 Substandard 5,673 1,350 1,313 1,947 6,807 31,923 48,042 - 97,055 Doubtful - - - 28 - 37 - - 65 Loss - 55 - 38 315 - - - 408 Pass 243,495 983,171 947,033 632,700 355,238 860,041 1,591,305 - 5,612,983 Total commercial and industrial $ 253,639 $ 1,020,296 $ 959,336 $ 660,204 $ 383,892 $ 1,030,876 $ 1,691,399 $ - $ 5,999,642 Year-to-Date gross write-offs $ 429 $ 218 $ 55 $ 617 $ 13 $ 7 $ 767 $ - $ 2,106 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular, Inc. Construction Watch $ - $ 35,764 $ 17,156 $ - $ 6,909 $ 37,626 $ - $ - $ 97,455 Substandard - - - 11,080 - 9,260 - - 20,340 Pass 9,512 224,931 171,257 58,208 76,091 2,877 38,325 - 581,201 Total construction $ 9,512 $ 260,695 $ 188,413 $ 69,288 $ 83,000 $ 49,763 $ 38,325 $ - $ 698,996 Mortgage Substandard $ - $ 107 $ 1,761 $ 481 $ 6,863 $ 99,519 $ - $ - $ 108,731 Pass 144,188 682,624 744,785 524,538 382,680 4,818,361 - - 7,297,176 Total mortgage $ 144,188 $ 682,731 $ 746,546 $ 525,019 $ 389,543 $ 4,917,880 $ - $ - $ 7,405,907 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 846 $ - $ - $ 846 Substandard $ - $ 1,065 $ 1,819 $ 623 $ 1,293 $ 1,250 $ - $ - $ 6,050 Loss - 54 - - - - - - 54 Pass 193,921 595,135 399,400 218,226 130,385 71,173 - - 1,608,240 Total leasing $ 193,921 $ 596,254 $ 401,219 $ 218,849 $ 131,678 $ 72,423 $ - $ - $ 1,614,344 Year-to-Date gross write-offs $ - $ 640 $ 634 $ 94 $ - $ 49 $ - $ - $ 1,417 March 31, 2023 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2023 2022 2021 2020 2019 Prior Years Total Popular, Inc. Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 12,058 $ - $ 12,058 Loss - - - - - - 3 - 3 Pass - - - - - - 1,034,135 - 1,034,135 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,046,196 $ - $ 1,046,196 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 8,677 $ - $ 8,677 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,162 $ 20 $ 1,551 $ 3,733 Loss - - - - - 111 - 775 886 Pass - - - - - 8,645 43,937 12,686 65,268 Total HELOCs $ - $ - $ - $ - $ - $ 10,918 $ 43,957 $ 15,012 $ 69,887 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 176 $ - $ - $ 176 Personal Substandard $ - $ 2,914 $ 2,304 $ 631 $ 1,668 $ 10,828 $ - $ 1,073 $ 19,418 Loss - 198 248 62 55 530 - - 1,093 Pass 245,560 881,462 321,075 95,310 110,964 140,025 - 26,162 1,820,558 Total Personal $ 245,560 $ 884,574 $ 323,627 $ 96,003 $ 112,687 $ 151,383 $ - $ 27,235 $ 1,841,069 Year-to-Date gross write-offs $ 2 $ 7,436 $ 5,724 $ 1,643 $ 1,730 $ 1,215 $ - $ - $ 17,750 Auto Substandard $ - $ 8,772 $ 11,611 $ 9,978 $ 8,858 $ 5,505 $ - $ - $ 44,724 Loss - 50 9 21 16 - - - 96 Pass 292,535 1,094,296 895,350 539,897 381,528 269,514 - - 3,473,120 Total Auto $ 292,535 $ 1,103,118 $ 906,970 $ 549,896 $ 390,402 $ 275,019 $ - $ - $ 3,517,940 Year-to-Date gross write-offs $ 83 $ 6,034 $ 3,168 $ 1,633 $ 1,200 $ - $ - $ - $ 12,118 Other consumer Substandard $ - $ - $ - $ 90 $ 18 $ 550 $ 684 $ - $ 1,342 Loss - - - - - 263 - - 263 Pass 7,750 28,099 16,877 6,725 4,002 5,788 67,927 - 137,168 Total Other consumer $ 7,750 $ 28,099 $ 16,877 $ 6,815 $ 4,020 $ 6,601 $ 68,611 $ - $ 138,773 Year-to-Date gross write-offs $ - $ 6 $ - $ - $ 1 $ 11,053 $ - $ - $ 11,060 Total Popular Inc. $ 1,364,176 $ 7,251,708 $ 5,479,672 $ 3,374,266 $ 2,214,653 $ 9,668,364 $ 2,943,287 $ 42,247 $ 32,338,373 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total BPPR Commercial: Commercial multi-family Watch $ - $ - $ - $ 18,508 $ - $ 4,687 $ - $ - $ 23,195 Special mention - - - - - 2,692 - - 2,692 Substandard - - - - - 3,326 100 - 3,426 Pass 137,411 22,850 20,821 16,145 24,640 30,193 - - 252,060 Total commercial multi-family $ 137,411 $ 22,850 $ 20,821 $ 34,653 $ 24,640 $ 40,898 $ 100 $ - $ 281,373 Commercial real estate non-owner occupied Watch $ 173 $ 36,228 $ 14,045 $ 14,942 $ 7,777 $ 99,269 $ - $ - $ 172,434 Special Mention - 4,361 19,970 7,517 - 25,540 - - 57,388 Substandard 8,933 - 3,209 19,004 25,490 21,064 - - 77,700 Pass 855,839 585,690 294,086 94,056 35,105 568,893 16,136 - 2,449,805 Total commercial real estate non- owner occupied $ 864,945 $ 626,279 $ 331,310 $ 135,519 $ 68,372 $ 714,766 $ 16,136 $ - $ 2,757,327 Commercial real estate owner occupied Watch $ 2,296 $ 5,271 $ 9,447 $ 4,275 $ 31,649 $ 71,568 $ - $ - $ 124,506 Special Mention 10 284 1,684 6,578 1,076 61,460 - - 71,092 Substandard 16,205 6,177 802 800 770 84,205 - - 108,959 Doubtful - - - - - 505 - - 505 Pass 227,404 258,473 274,333 30,691 68,029 407,322 16,742 - 1,282,994 Total commercial real estate owner occupied $ 245,915 $ 270,205 $ 286,266 $ 42,344 $ 101,524 $ 625,060 $ 16,742 $ - $ 1,588,056 Commercial and industrial Watch $ 32,376 $ 2,185 $ 15,493 $ 18,829 $ 15,483 $ 51,602 $ 56,508 $ - $ 192,476 Special Mention 2,537 2,479 5,770 1,139 6,767 46,040 6,283 - 71,015 Substandard 789 1,276 1,600 3,138 11,536 40,636 46,226 - 105,201 Doubtful - - 29 - 75 75 - - 179 Loss - - - - - - 144 - 144 Pass 793,662 684,647 211,013 177,265 65,197 292,173 1,203,536 - 3,427,493 Total commercial and industrial $ 829,364 $ 690,587 $ 233,905 $ 200,371 $ 99,058 $ 430,526 $ 1,312,697 $ - $ 3,796,508 Construction Watch $ 35,446 $ 3,116 $ 98 $ - $ - $ - $ 141 $ - $ 38,801 Substandard - - 9,629 - - - - - 9,629 Pass 13,044 34,387 15,961 2,262 - - 32,957 - 98,611 Total construction $ 48,490 $ 37,503 $ 25,688 $ 2,262 $ - $ - $ 33,098 $ - $ 147,041 Mortgage Substandard $ - $ 574 $ 687 $ 3,926 $ 4,227 $ 93,959 $ - $ - $ 103,373 Pass 449,286 451,027 285,026 204,170 237,007 4,380,390 - - 6,006,906 Total mortgage $ 449,286 $ 451,601 $ 285,713 $ 208,096 $ 241,234 $ 4,474,349 $ - $ - $ 6,110,279 Leasing Substandard $ 953 $ 1,491 $ 941 $ 1,172 $ 1,127 $ 215 $ - $ - $ 5,899 Loss - - - 21 - 21 - - 42 Pass 672,294 428,889 237,939 146,231 79,451 14,994 - - 1,579,798 Total leasing $ 673,247 $ 430,380 $ 238,880 $ 147,424 $ 80,578 $ 15,230 $ - $ - $ 1,585,739 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total BPPR Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 11,907 $ - $ 11,907 Loss - - - - - - 3 - 3 Pass - - - - - - 1,029,921 - 1,029,921 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,041,831 $ - $ 1,041,831 HELOCs Pass - $ - $ - $ - $ - $ - $ 2,954 - 2,954 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,954 $ - $ 2,954 Personal Substandard $ 1,330 $ 2,001 $ 764 $ 1,774 $ 503 $ 10,831 $ - $ 1,285 $ 18,488 Loss - - 53 20 31 10 - 1 115 Pass 841,564 320,809 103,337 117,568 46,555 109,543 - 27,708 1,567,084 Total Personal $ 842,894 $ 322,810 $ 104,154 $ 119,362 $ 47,089 $ 120,384 $ - $ 28,994 $ 1,585,687 Auto Substandard $ 6,764 $ 11,171 $ 10,466 $ 10,243 $ 4,597 $ 2,382 $ - $ - $ 45,623 Loss 23 41 48 25 7 14 - - 158 Pass 1,156,654 961,571 588,200 426,169 248,328 85,827 - - 3,466,749 Total Auto $ 1,163,441 $ 972,783 $ 598,714 $ 436,437 $ 252,932 $ 88,223 $ - $ - $ 3,512,530 Other consumer Substandard $ - $ - $ 100 $ 593 $ 543 $ 242 $ 10,902 $ - $ 12,380 Loss - - - - 263 40 - - 303 Pass 29,557 17,439 6,967 4,201 4,553 1,942 60,238 - 124,897 Total Other consumer $ 29,557 $ 17,439 $ 7,067 $ 4,794 $ 5,359 $ 2,224 $ 71,140 $ - $ 137,580 Total Puerto Rico $ 5,284,550 $ 3,842,437 $ 2,132,518 $ 1,331,262 $ 920,786 $ 6,511,660 $ 2,494,698 $ 28,994 $ 22,546,905 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular U.S. Commercial: Commercial multi-family Watch $ 750 $ 917 $ 6,218 $ 85,579 $ 9,633 $ 52,835 $ - $ - $ 155,932 Special mention - - 1,198 - 14,491 8,372 - - 24,061 Substandard - - - 9,305 7,373 2,941 - - 19,619 Pass 503,010 399,397 238,903 210,295 138,723 347,615 2,785 - 1,840,728 Total commercial multi-family $ 503,760 $ 400,314 $ 246,319 $ 305,179 $ 170,220 $ 411,763 $ 2,785 $ - $ 2,040,340 Commercial real estate non-owner occupied Watch $ - $ 2,167 $ 13,622 $ 3,355 $ 26,931 $ 29,849 $ - $ - $ 75,924 Special Mention - - - 1,353 - 75,269 - - 76,622 Substandard - 2,864 2,149 3,220 1,429 4,722 - - 14,384 Pass 552,258 209,338 211,449 109,781 100,065 383,409 9,113 - 1,575,413 Total commercial real estate non- owner occupied $ 552,258 $ 214,369 $ 227,220 $ 117,709 $ 128,425 $ 493,249 $ 9,113 $ - $ 1,742,343 Commercial real estate owner occupied Watch $ - $ - $ 1,197 $ 1,079 $ 6,095 $ 55,005 $ - $ - $ 63,376 Special Mention - - 3,886 - - 901 - - 4,787 Substandard - - - 7,403 11,165 33,586 - - 52,154 Pass 363,655 422,959 114,988 82,971 119,565 258,881 7,157 - 1,370,176 Total commercial real estate owner occupied $ 363,655 $ 422,959 $ 120,071 $ 91,453 $ 136,825 $ 348,373 $ 7,157 $ - $ 1,490,493 Commercial and industrial Watch $ 12,328 $ 2,218 $ 2,022 $ 2,049 $ 8,438 $ 532 $ 4,291 $ - $ 31,878 Special Mention 1,262 1,130 314 244 60 - 3 - 3,013 Substandard 260 935 74 4,278 315 1,829 1,408 - 9,099 Loss 292 525 1 75 192 3 - - 1,088 Pass 185,318 341,855 368,398 202,301 171,528 376,045 352,169 - 1,997,614 Total commercial and industrial $ 199,460 $ 346,663 $ 370,809 $ 208,947 $ 180,533 $ 378,409 $ 357,871 $ - $ 2,042,692 Construction Watch $ - $ 12,085 $ - $ 6,979 $ 18,310 $ 34,126 $ - $ - $ 71,500 Special Mention - 3 - - - - - - 3 Substandard - - 1,423 - 6,540 2,095 - - 10,058 Pass 164,272 146,062 91,486 93,118 10,863 23,581 - - 529,382 Total construction $ 164,272 $ 158,150 $ 92,909 $ 100,097 $ 35,713 $ 59,802 $ - $ - $ 610,943 Mortgage Substandard $ - $ 2,009 $ 3,478 $ 4,048 $ 1,156 $ 9,798 $ - $ - $ 20,489 Pass 236,595 303,204 243,468 183,846 58,026 241,564 - - 1,266,703 Total mortgage $ 236,595 $ 305,213 $ 246,946 $ 187,894 $ 59,182 $ 251,362 $ - $ - $ 1,287,192 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 39 $ - $ 39 Total credit cards $ - $ - $ - $ - $ - $ - $ 39 $ - $ 39 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,146 $ 20 $ 1,402 $ 3,568 Loss - - - - - 4 - 538 542 Pass - - - - - 9,169 41,724 13,959 64,852 Total HELOCs $ - $ - $ - $ - $ - $ 11,319 $ 41,744 $ 15,899 $ 68,962 Personal Substandard $ 621 $ 454 $ 149 $ 238 $ 70 $ 6 $ - $ - $ 1,538 Loss - - - - - 421 - - 421 Pass 165,153 46,320 7,339 13,443 2,021 1,657 - - 235,933 Total Personal $ 165,774 $ 46,774 $ 7,488 $ 13,681 $ 2,091 $ 2,084 $ - $ - $ 237,892 Other consumer Substandard $ - $ - $ - $ - $ - $ - $ 8 $ - $ 8 Pass - - - - - - 9,960 - 9,960 Total Other consumer $ - $ - $ - $ - $ - $ - $ 9,968 $ - $ 9,968 Total Popular U.S. $ 2,185,774 $ 1,894,442 $ 1,311,762 $ 1,024,960 $ 712,989 $ 1,956,361 $ 428,677 $ 15,899 $ 9,530,864 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Watch $ 750 $ 917 $ 6,218 $ 104,087 $ 9,633 $ 57,522 $ - $ - $ 179,127 Special mention - - 1,198 - 14,491 11,064 - - 26,753 Substandard - - - 9,305 7,373 6,267 100 - 23,045 Pass 640,421 422,247 259,724 226,440 163,363 377,808 2,785 - 2,092,788 Total commercial multi-family $ 641,171 $ 423,164 $ 267,140 $ 339,832 $ 194,860 $ 452,661 $ 2,885 $ - $ 2,321,713 Commercial real estate non-owner occupied Watch $ 173 $ 38,395 $ 27,667 $ 18,297 $ 34,708 $ 129,118 $ - $ - $ 248,358 Special Mention - 4,361 19,970 8,870 - 100,809 - - 134,010 Substandard 8,933 2,864 5,358 22,224 26,919 25,786 - - 92,084 Pass 1,408,097 795,028 505,535 203,837 135,170 952,302 25,249 - 4,025,218 Total commercial real estate non- owner occupied $ 1,417,203 $ 840,648 $ 558,530 $ 253,228 $ 196,797 $ 1,208,015 $ 25,249 $ - $ 4,499,670 Commercial real estate owner occupied Watch $ 2,296 $ 5,271 $ 10,644 $ 5,354 $ 37,744 $ 126,573 $ - $ - $ 187,882 Special Mention 10 284 5,570 6,578 1,076 62,361 - - 75,879 Substandard 16,205 6,177 802 8,203 11,935 117,791 - - 161,113 Doubtful - - - - - 505 - - 505 Pass 591,059 681,432 389,321 113,662 187,594 666,203 23,899 - 2,653,170 Total commercial real estate owner occupied $ 609,570 $ 693,164 $ 406,337 $ 133,797 $ 238,349 $ 973,433 $ 23,899 $ - $ 3,078,549 Commercial and industrial Watch $ 44,704 $ 4,403 $ 17,515 $ 20,878 $ 23,921 $ 52,134 $ 60,799 $ - $ 224,354 Special Mention 3,799 3,609 6,084 1,383 6,827 46,040 6,286 - 74,028 Substandard 1,049 2,211 1,674 7,416 11,851 42,465 47,634 - 114,300 Doubtful - - 29 - 75 75 - - 179 Loss 292 525 1 75 192 3 144 - 1,232 Pass 978,980 1,026,502 579,411 379,566 236,725 668,218 1,555,705 - 5,425,107 Total commercial and industrial $ 1,028,824 $ 1,037,250 $ 604,714 $ 409,318 $ 279,591 $ 808,935 $ 1,670,568 $ - $ 5,839,200 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Construction Watch $ 35,446 $ 15,201 $ 98 $ 6,979 $ 18,310 $ 34,126 $ 141 $ - $ 110,301 Special Mention - 3 - - - - - - 3 Substandard - - 11,052 - 6,540 2,095 - - 19,687 Pass 177,316 180,449 107,447 95,380 10,863 23,581 32,957 - 627,993 Total construction $ 212,762 $ 195,653 $ 118,597 $ 102,359 $ 35,713 $ 59,802 $ 33,098 $ - $ 757,984 Mortgage Substandard $ - $ 2,583 $ 4,165 $ 7,974 $ 5,383 $ 103,757 $ - $ - $ 123,862 Pass 685,881 754,231 528,494 388,016 295,033 4,621,954 - - 7,273,609 Total mortgage $ 685,881 $ 756,814 $ 532,659 $ 395,990 $ 300,416 $ 4,725,711 $ - $ - $ 7,397,471 Leasing Substandard $ 953 $ 1,491 $ 941 $ 1,172 $ 1,127 $ 215 $ - $ - $ 5,899 Loss - - - 21 - 21 - - 42 Pass 672,294 428,889 237,939 146,231 79,451 14,994 - - 1,579,798 Total leasing $ 673,247 $ 430,380 $ 238,880 $ 147,424 $ 80,578 $ 15,230 $ - $ - $ 1,585,739 December 31, 2022 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2022 2021 2020 2019 2018 Prior Years Total Popular, Inc. Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 11,907 $ - $ 11,907 Loss - - - - - - 3 - 3 Pass - - - - - - 1,029,960 - 1,029,960 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,041,870 $ - $ 1,041,870 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,146 $ 20 $ 1,402 $ 3,568 Loss - - - - - 4 - 538 542 Pass - - - - - 9,169 44,678 13,959 67,806 Total HELOCs $ - $ - $ - $ - $ - $ 11,319 $ 44,698 $ 15,899 $ 71,916 Personal Substandard $ 1,951 $ 2,455 $ 913 $ 2,012 $ 573 $ 10,837 $ - $ 1,285 $ 20,026 Loss - - 53 20 31 431 - 1 536 Pass 1,006,717 367,129 110,676 131,011 48,576 111,200 - 27,708 1,803,017 Total Personal $ 1,008,668 $ 369,584 $ 111,642 $ 133,043 $ 49,180 $ 122,468 $ - $ 28,994 $ 1,823,579 Auto Substandard $ 6,764 $ 11,171 $ 10,466 $ 10,243 $ 4,597 $ 2,382 $ - $ - $ 45,623 Loss 23 41 48 25 7 14 - - 158 Pass 1,156,654 961,571 588,200 426,169 248,328 85,827 - - 3,466,749 Total Auto $ 1,163,441 $ 972,783 $ 598,714 $ 436,437 $ 252,932 $ 88,223 $ - $ - $ 3,512,530 Other consumer Substandard $ - $ - $ 100 $ 593 $ 543 $ 242 $ 10,910 $ - $ 12,388 Loss - - - - 263 40 - - 303 Pass 29,557 17,439 6,967 4,201 4,553 1,942 70,198 - 134,857 Total Other consumer $ 29,557 $ 17,439 $ 7,067 $ 4,794 $ 5,359 $ 2,224 $ 81,108 $ - $ 147,548 Total Popular Inc. $ 7,470,324 $ 5,736,879 $ 3,444,280 $ 2,356,222 $ 1,633,775 $ 8,468,021 $ 2,923,375 $ 44,893 $ 32,077,769

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- Definition Tables presenting by class, loans modified in a TDR that subsequently defaulted during the period. The recorded investment shown is inclusive of all partial paydowns and charge-offs since modification date. Loans modified in a TDR that were fully paid down, charged-off or foreclosed upon by period end are not reported. + References No definition available. + Details
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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524 + Details
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