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Commitments and contingencies (Tables) | 3 Months Ended
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Mar. 31, 2023
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) March 31, 2023 December 31, 2022 Commitments to extend credit: Credit card lines $ 5,956,261 $ 5,853,990 Commercial and construction lines of credit 4,727,401 4,425,825 Other consumer unused credit commitments 249,773 250,271 Commercial letters of credit 1,982 3,351 Standby letters of credit 28,938 27,868 Commitments to originate or fund mortgage loans 36,662 45,170
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 March 31, 2023: (In thousands) Investment Portfolio Loans Total Outstanding Total Exposure Central Government After 1 to 5 years $ 10 $ - $ 10 $ 10 After 5 to 10 years 1 - 1 1 After 10 years 30 - 30 30 Total Central Government 41 - 41 41 Municipalities Within 1 year 4,730 20,243 24,973 24,973 After 1 to 5 years 15,805 101,009 116,814 145,814 After 5 to 10 years 1,025 131,202 132,227 132,227 After 10 years - 49,831 49,831 49,831 Total Municipalities 21,560 302,285 323,845 352,845 Total Direct Government Exposure $ 21,601 $ 302,285 $ 323,886 $ 352,886

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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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