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v3.23.1

Fair value measurement - Assets and liabilities measured at fair value on a recurring basis (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | Dec. 31, 2021
--- | --- | --- | --- | ---
Assets |  |  |  |
Debt securities available-for-sale | $ 17,173,128 | $ 17,804,374 |  |
Mortgage servicing rights | 127,475 | 128,350 | $ 125,358 | $ 121,570
US Treasury Securities |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 10,634,747 | 11,180,948 |  |
Collateralized Mortgage Obligations - Federal agencies |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 158,772 | 165,196 |  |
Mortgage Backed Securities |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 6,378,560 | 6,457,170 |  |
Other |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 1,049 | 1,060 |  |
Recurring |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 17,173,128 | 17,804,374 |  |
Trading account debt securities, excluding derivatives | 29,823 | 27,723 |  |
Equity securities at fair value | 32,863 | 29,632 |  |
Mortgage servicing rights | 127,475 | 128,350 |  |
Loans held-for-sale | 11,181 |  |  |
Derivatives | 19,365 | 19,229 |  |
Total assets measured at fair value on recurring /nonrecurring basis | 17,393,835 | 18,009,308 |  |
Liabilities |  |  |  |
Derivatives | (17,115) | (17,000) |  |
Total | (17,115) | (17,000) |  |
Recurring | US Treasury Securities |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 10,634,747 | 11,180,948 |  |
Trading account debt securities, excluding derivatives | 15,462 | 13,069 |  |
Recurring | Obligations of Puerto Rico, States and political subdivisions |  |  |  |
Assets |  |  |  |
Trading account debt securities, excluding derivatives | 62 | 64 |  |
Recurring | Collateralized Mortgage Obligations - Federal agencies |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 158,772 | 165,196 |  |
Recurring | CMO |  |  |  |
Assets |  |  |  |
Trading account debt securities, excluding derivatives | 133 | 160 |  |
Recurring | Mortgage Backed Securities |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 6,378,560 | 6,457,170 |  |
Trading account debt securities, excluding derivatives | 13,967 | 14,223 |  |
Recurring | Other |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 1,049 | 1,060 |  |
Trading account debt securities, excluding derivatives | 199 | 207 |  |
Recurring | Level 1 |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 1,865,470 | 1,908,589 |  |
Trading account debt securities, excluding derivatives | 15,462 | 13,069 |  |
Equity securities at fair value | 0 | 0 |  |
Mortgage servicing rights | 0 | 0 |  |
Loans held-for-sale | 0 |  |  |
Derivatives | 0 | 0 |  |
Total assets measured at fair value on recurring /nonrecurring basis | 1,880,932 | 1,921,658 |  |
Liabilities |  |  |  |
Derivatives | 0 | 0 |  |
Total | 0 | 0 |  |
Recurring | Level 1 | US Treasury Securities |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 1,865,470 | 1,908,589 |  |
Trading account debt securities, excluding derivatives | 15,462 | 13,069 |  |
Recurring | Level 1 | Obligations of Puerto Rico, States and political subdivisions |  |  |  |
Assets |  |  |  |
Trading account debt securities, excluding derivatives | 0 | 0 |  |
Recurring | Level 1 | Collateralized Mortgage Obligations - Federal agencies |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 0 | 0 |  |
Recurring | Level 1 | CMO |  |  |  |
Assets |  |  |  |
Trading account debt securities, excluding derivatives | 0 | 0 |  |
Recurring | Level 1 | Mortgage Backed Securities |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 0 | 0 |  |
Trading account debt securities, excluding derivatives | 0 | 0 |  |
Recurring | Level 1 | Other |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 0 | 0 |  |
Trading account debt securities, excluding derivatives | 0 | 0 |  |
Recurring | Level 2 |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 15,306,003 | 15,894,074 |  |
Trading account debt securities, excluding derivatives | 13,886 | 14,119 |  |
Equity securities at fair value | 32,545 | 29,302 |  |
Mortgage servicing rights | 0 | 0 |  |
Loans held-for-sale | 11,181 |  |  |
Derivatives | 19,365 | 19,229 |  |
Total assets measured at fair value on recurring /nonrecurring basis | 15,382,980 | 15,956,724 |  |
Liabilities |  |  |  |
Derivatives | (17,115) | (17,000) |  |
Total | (17,115) | (17,000) |  |
Recurring | Level 2 | US Treasury Securities |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 8,769,277 | 9,272,359 |  |
Trading account debt securities, excluding derivatives | 0 | 0 |  |
Recurring | Level 2 | Obligations of Puerto Rico, States and political subdivisions |  |  |  |
Assets |  |  |  |
Trading account debt securities, excluding derivatives | 62 | 64 |  |
Recurring | Level 2 | Collateralized Mortgage Obligations - Federal agencies |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 158,772 | 165,196 |  |
Recurring | Level 2 | CMO |  |  |  |
Assets |  |  |  |
Trading account debt securities, excluding derivatives | 45 | 47 |  |
Recurring | Level 2 | Mortgage Backed Securities |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 6,377,905 | 6,456,459 |  |
Trading account debt securities, excluding derivatives | 13,779 | 14,008 |  |
Recurring | Level 2 | Other |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 49 | 60 |  |
Trading account debt securities, excluding derivatives | 0 | 0 |  |
Recurring | Level 3 |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 1,655 | 1,711 |  |
Trading account debt securities, excluding derivatives | 475 | 535 |  |
Equity securities at fair value | 0 | 0 |  |
Mortgage servicing rights | 127,475 | 128,350 |  |
Loans held-for-sale | 0 |  |  |
Derivatives | 0 | 0 |  |
Total assets measured at fair value on recurring /nonrecurring basis | 129,605 | 130,596 |  |
Liabilities |  |  |  |
Derivatives | 0 | 0 |  |
Total | 0 | 0 |  |
Recurring | Level 3 | US Treasury Securities |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 0 | 0 |  |
Trading account debt securities, excluding derivatives | 0 | 0 |  |
Recurring | Level 3 | Obligations of Puerto Rico, States and political subdivisions |  |  |  |
Assets |  |  |  |
Trading account debt securities, excluding derivatives | 0 | 0 |  |
Recurring | Level 3 | Collateralized Mortgage Obligations - Federal agencies |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 0 | 0 |  |
Recurring | Level 3 | CMO |  |  |  |
Assets |  |  |  |
Trading account debt securities, excluding derivatives | 88 | 113 | 174 |
Recurring | Level 3 | Mortgage Backed Securities |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 655 | 711 |  |
Trading account debt securities, excluding derivatives | 188 | 215 |  |
Recurring | Level 3 | Other |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 1,000 | 1,000 |  |
Trading account debt securities, excluding derivatives | 199 | 207 | $ 267 |
Recurring | NAV |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 0 | 0 |  |
Trading account debt securities, excluding derivatives | 0 | 0 |  |
Equity securities at fair value | 318 | 330 |  |
Mortgage servicing rights | 0 | 0 |  |
Loans held-for-sale | 0 |  |  |
Derivatives | 0 | 0 |  |
Total assets measured at fair value on recurring /nonrecurring basis | 318 | 330 |  |
Liabilities |  |  |  |
Derivatives | 0 | 0 |  |
Total | 0 | 0 |  |
Recurring | NAV | US Treasury Securities |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 0 | 0 |  |
Trading account debt securities, excluding derivatives | 0 | 0 |  |
Recurring | NAV | Obligations of Puerto Rico, States and political subdivisions |  |  |  |
Assets |  |  |  |
Trading account debt securities, excluding derivatives | 0 | 0 |  |
Recurring | NAV | Collateralized Mortgage Obligations - Federal agencies |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 0 | 0 |  |
Recurring | NAV | CMO |  |  |  |
Assets |  |  |  |
Trading account debt securities, excluding derivatives | 0 | 0 |  |
Recurring | NAV | Mortgage Backed Securities |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 0 | 0 |  |
Trading account debt securities, excluding derivatives | 0 | 0 |  |
Recurring | NAV | Other |  |  |  |
Assets |  |  |  |
Debt securities available-for-sale | 0 | 0 |  |
Trading account debt securities, excluding derivatives | $ 0 | $ 0 |  |

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