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Allowance for credit losses - loans held-in-portfolio | 6 Months Ended
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Jun. 30, 2023
Allowance for credit losses [Abstract] |
Allowance for credit losses | Note 9 – Allowance for credit losses – loans held-in-portfolio The Corporation follows the current expected credit loss (“CECL”) model, to establish and evaluate the adequacy of the ACL to provide for expected losses in the loan portfolio. This model establishes a forward-looking methodology that reflects the expected credit losses over the lives of financial assets, starting when such assets are first acquired or originated. In addition, CECL provides that the initial ACL on purchased credit deteriorated (“PCD”) financial assets be recorded as an increase to the purchase price, with subsequent changes to the allowance recorded as a credit loss expense. The provision for credit losses recorded in current operations is based on this methodology. Loan losses are charged and recoveries are credited to the ACL. The Corporation’s modeling framework includes competing risk models that generate lifetime default and prepayment estimates as well as other loan level techniques to estimate loss severity. These models combine credit risk factors, which include the impact of loan modifications, with macroeconomic expectations to derive the lifetime expected loss. At June 30, 2023, the Corporation estimated the ACL by weighting the outputs of optimistic, baseline, and pessimistic scenarios. Among the three scenarios used to estimate the ACL, the baseline is assigned the highest probability, followed by the pessimistic scenario given the uncertainties in the economic outlook and downside risk. The weightings applied are subject to evaluation on a quarterly basis as part of the ACL’s governance process. During the second quarter 2023, due to positive trends, the Corporation lowered the probability weights assigned to the pessimistic scenario and increased the probability weight assigned to the baseline scenario, prompting a reserve release of $ 5.8 million. The baseline scenario continues to be assigned the highest probability, followed by the pessimistic scenario, and then the optimistic scenario. The Corporation evaluates, at least on an annual basis, the assumptions tied to the CECL accounting framework. These include the reasonable and supportable period as well as the reversion window. The 2023 annualized GDP growth in the baseline scenario stands at 1.5% and 1.6% for Puerto Rico and the United States, respectively, compared to 2.1% and 1.3% in the previous quarter. The 2023 forecasted average unemployment rate for Puerto Rico improved to 6.3% from 6.9% in the previous forecast, while in the United States unemployment levels remained stable at 3.6%, compared to 3.5% in the previous forecast. The following tables present the changes in the ACL of loans held-in-portfolio and unfunded commitments for the quarters and six months ended June 30, 2023 and 2022. For the quarter ended June 30, 2023 BPPR Provision for Allowance for Net Write down Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries Balances Allowance for credit losses - loans: Commercial Commercial multi-family $ 4,756 $ 30 $ - $ - $ 1 $ - $ 4,787 Commercial real estate non-owner occupied 53,894 (98) - (609) 179 - 53,366 Commercial real estate owner occupied 46,009 (4,437) - (76) 405 - 41,901 Commercial and industrial 77,042 3,164 - (1,061) 2,492 - 81,637 Total Commercial 181,701 (1,341) - (1,746) 3,077 - 181,691 Construction 3,072 6,482 - - - - 9,554 Mortgage 89,077 (9,572) 10 (297) 3,681 - 82,899 Leasing 20,990 (5,470) - (2,540) 947 - 13,927 Consumer Credit Cards 67,953 10,558 - (8,457) 1,955 (601) 71,408 HELOCs 100 (29) - (35) 60 - 96 Personal 88,408 20,279 - (16,601) 3,960 - 96,046 Auto 130,829 5,909 - (8,099) 5,608 - 134,247 Other 4,877 1,563 - (354) 154 - 6,240 Total Consumer 292,167 38,280 - (33,546) 11,737 (601) 308,037 Total - Loans $ 587,007 $ 28,379 $ 10 $ (38,129) $ 19,442 $ (601) $ 596,108 Allowance for credit losses - unfunded commitments: Commercial $ 4,900 $ 388 $ - $ - $ - $ - $ 5,288 Construction 1,946 1,164 - - - - 3,110 Ending balance - unfunded commitments [1] $ 6,846 $ 1,552 $ - $ - $ - $ - $ 8,398 [ 1 ] [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 June 30, 2023 Popular U.S. Provision for Beginning credit losses - Ending (In thousands) Balance (benefits) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 20,610 $ 781 $ - $ 1 $ 21,392 Commercial real estate non-owner occupied 17,956 328 - 66 18,350 Commercial real estate owner occupied 8,488 1,174 (177) 21 9,506 Commercial and industrial 15,224 4,524 (2,081) 347 18,014 Total Commercial 62,278 6,807 (2,258) 435 67,262 Construction 1,258 520 - - 1,778 Mortgage 15,400 (2,315) - 109 13,194 Consumer Credit Cards - - - - - HELOCs 1,853 55 (52) 218 2,074 Personal 21,321 2,169 (4,287) 579 19,782 Other 3 46 (47) - 2 Total Consumer 23,177 2,270 (4,386) 797 21,858 Total - Loans $ 102,113 $ 7,282 $ (6,644) $ 1,341 $ 104,092 Allowance for credit losses - unfunded commitments: Commercial $ 1,229 $ 119 $ - $ - $ 1,348 Construction 1,278 519 - - 1,797 Consumer 62 (12) - - 50 Ending balance - unfunded commitments [1] $ 2,569 $ 626 $ - $ - $ 3,195 [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 June 30, 2023 Popular Inc. Provision for Allowance for Net Write Down 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 $ 25,366 $ 811 $ - $ - $ 2 $ - $ 26,179 Commercial real estate non-owner occupied 71,850 230 - (609) 245 - 71,716 Commercial real estate owner occupied 54,497 (3,263) - (253) 426 - 51,407 Commercial and industrial 92,266 7,688 - (3,142) 2,839 - 99,651 Total Commercial 243,979 5,466 - (4,004) 3,512 - 248,953 Construction 4,330 7,002 - - - - 11,332 Mortgage 104,477 (11,887) 10 (297) 3,790 - 96,093 Leasing 20,990 (5,470) - (2,540) 947 - 13,927 Consumer Credit Cards 67,953 10,558 - (8,457) 1,955 (601) 71,408 HELOCs 1,953 26 - (87) 278 - 2,170 Personal 109,729 22,448 - (20,888) 4,539 - 115,828 Auto 130,829 5,909 - (8,099) 5,608 - 134,247 Other 4,880 1,609 - (401) 154 - 6,242 Total Consumer 315,344 40,550 - (37,932) 12,534 (601) 329,895 Total - Loans $ 689,120 $ 35,661 $ 10 $ (44,773) $ 20,783 $ (601) $ 700,200 Allowance for credit losses - unfunded commitments: Commercial $ 6,129 $ 507 $ - $ - $ - $ - $ 6,636 Construction 3,224 1,683 - - - - 4,907 Consumer 62 (12) - - - - 50 Ending balance - unfunded commitments [1] $ 9,415 $ 2,178 $ - $ - $ - $ - $ 11,593 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 2023 BPPR Impact of Provision for Allowance for Net write down Beginning Adopting credit losses credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-off Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 5,210 $ - $ (424) $ - $ - $ 1 $ - $ 4,787 Commercial real estate non-owner occupied 52,475 - 1,186 - (609) 314 - 53,366 Commercial real estate owner occupied 48,393 (1,161) (7,167) - (79) 1,915 - 41,901 Commercial and industrial 68,217 (552) 12,983 - (2,668) 3,657 - 81,637 Total Commercial 174,295 (1,713) 6,578 - (3,356) 5,887 - 181,691 Construction 2,978 - 6,576 - - - - 9,554 Mortgage 117,344 (33,556) (8,305) 78 (1,143) 8,481 - 82,899 Leasing 20,618 (35) (4,736) - (3,957) 2,037 - 13,927 Consumer Credit Cards 58,670 - 26,128 - (17,133) 4,344 (601) 71,408 HELOCs 103 - (68) - (68) 129 - 96 Personal 96,369 (7,020) 31,383 - (30,181) 5,495 - 96,046 Auto 129,735 (21) 14,228 - (20,217) 10,522 - 134,247 Other 15,433 - 1,798 - (11,361) 370 - 6,240 Total Consumer 300,310 (7,041) 73,469 - (78,960) 20,860 (601) 308,037 Total - Loans $ 615,545 $ (42,345) $ 73,582 $ 78 $ (87,416) $ 37,265 $ (601) $ 596,108 Allowance for credit losses - unfunded commitments: Commercial $ 4,336 $ - $ 952 $ - $ - $ - $ - $ 5,288 Construction 2,022 - 1,088 - - - - 3,110 Ending balance - unfunded commitments [1] $ 6,358 $ - $ 2,040 $ - $ - $ - $ - $ 8,398 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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 $ - $ 288 $ - $ 3 $ 21,392 Commercial real estate non-owner occupied 19,065 - (2,633) - 1,918 18,350 Commercial real estate owner occupied 8,688 - 950 (177) 45 9,506 Commercial and industrial 12,227 - 7,052 (2,580) 1,315 18,014 Total Commercial 61,081 - 5,657 (2,757) 3,281 67,262 Construction 1,268 - 510 - - 1,778 Mortgage 17,910 (2,098) (2,741) - 123 13,194 Consumer Credit Cards - - 1 (1) - - HELOCs 2,439 - (657) (195) 487 2,074 Personal 22,057 (1,140) 6,360 (8,457) 962 19,782 Other 2 - 95 (100) 5 2 Total Consumer 24,498 (1,140) 5,799 (8,753) 1,454 21,858 Total - Loans $ 104,757 $ (3,238) $ 9,225 $ (11,510) $ 4,858 $ 104,092 Allowance for credit losses - unfunded commitments: Commercial $ 1,175 $ - $ 173 $ - $ - $ 1,348 Construction 1,184 - 613 - - 1,797 Consumer 88 - (38) - - 50 Ending balance - unfunded commitments [1] $ 2,447 $ - $ 748 $ - $ - $ 3,195 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 2023 Popular Inc. Impact Provision for Allowance for Net write down 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 $ - $ (136) $ - $ - $ 4 $ - $ 26,179 Commercial real estate non-owner occupied 71,540 - (1,447) - (609) 2,232 - 71,716 Commercial real estate owner occupied 57,081 (1,161) (6,217) - (256) 1,960 - 51,407 Commercial and industrial 80,444 (552) 20,035 - (5,248) 4,972 - 99,651 Total Commercial 235,376 (1,713) 12,235 - (6,113) 9,168 - 248,953 Construction 4,246 - 7,086 - - - - 11,332 Mortgage 135,254 (35,654) (11,046) 78 (1,143) 8,604 - 96,093 Leasing 20,618 (35) (4,736) - (3,957) 2,037 - 13,927 Consumer Credit Cards 58,670 - 26,129 - (17,134) 4,344 (601) 71,408 HELOCs 2,542 - (725) - (263) 616 - 2,170 Personal 118,426 (8,160) 37,743 - (38,638) 6,457 - 115,828 Auto 129,735 (21) 14,228 - (20,217) 10,522 - 134,247 Other 15,435 - 1,893 - (11,461) 375 - 6,242 Total Consumer 324,808 (8,181) 79,268 - (87,713) 22,314 (601) 329,895 Total - Loans $ 720,302 $ (45,583) $ 82,807 $ 78 $ (98,926) $ 42,123 $ (601) $ 700,200 Allowance for credit losses - unfunded commitments: Commercial $ 5,511 $ - $ 1,125 $ - $ - $ - $ - $ 6,636 Construction 3,206 - 1,701 - - - - 4,907 Consumer 88 - (38) - - - - 50 Ending balance - unfunded commitments [1] $ 8,805 $ - $ 2,788 $ - $ - $ - $ - $ 11,593 [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 June 30, 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 $ 3,435 $ 87 $ - $ - $ - $ 3,522 Commercial real estate non-owner occupied 51,639 (1,909) - (30) 693 50,393 Commercial real estate owner occupied 47,027 1,622 - (835) 1,658 49,472 Commercial and industrial 43,370 4,864 - (457) 2,383 50,160 Total Commercial 145,471 4,664 - (1,322) 4,734 153,547 Construction 2,414 265 - - 395 3,074 Mortgage 131,362 (5,953) 170 (1,367) 5,818 130,030 Leasing 18,398 1,306 - (1,496) 829 19,037 Consumer Credit Cards 43,782 5,634 - (6,418) 2,341 45,339 HELOCs 86 (69) - (74) 147 90 Personal 67,554 13,601 - (8,248) 1,892 74,799 Auto 152,330 (12,716) - (6,650) 4,258 137,222 Other 15,214 2,396 - (389) 218 17,439 Total Consumer 278,966 8,846 - (21,779) 8,856 274,889 Total - Loans $ 576,611 $ 9,128 $ 170 $ (25,964) $ 20,632 $ 580,577 Allowance for credit losses - unfunded commitments: Commercial $ 1,647 $ 385 $ - $ - $ - $ 2,032 Construction 1,924 (390) - - - 1,534 Ending balance - unfunded commitments [1] $ 3,571 $ (5) $ - $ - $ - $ 3,566 [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 June 30, 2022 Popular U.S. Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 22,655 $ (2,089) $ - $ 5 $ 20,571 Commercial real estate non-owner occupied 15,398 (1,128) - 14 14,284 Commercial real estate owner occupied 10,001 (1,035) - 110 9,076 Commercial and industrial 11,118 1,300 (397) 131 12,152 Total Commercial 59,172 (2,952) (397) 260 56,083 Construction 4,125 (290) - 4 3,839 Mortgage 17,844 494 (68) 5 18,275 Consumer Credit Cards - (1) - 1 - HELOCs 3,625 (642) (42) 514 3,455 Personal 16,411 4,087 (1,239) 261 19,520 Other 4 37 (47) 7 1 Total Consumer 20,040 3,481 (1,328) 783 22,976 Total - Loans $ 101,181 $ 733 $ (1,793) $ 1,052 $ 101,173 Allowance for credit losses - unfunded commitments: Commercial $ 1,318 $ (1) $ - $ - $ 1,317 Construction 2,135 (174) - - 1,961 Consumer 30 30 - - 60 Ending balance - unfunded commitments [1] $ 3,483 $ (145) $ - $ - $ 3,338 [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 June 30, 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 $ 26,090 $ (2,002) $ - $ - $ 5 $ 24,093 Commercial real estate non-owner occupied 67,037 (3,037) - (30) 707 64,677 Commercial real estate owner occupied 57,028 587 - (835) 1,768 58,548 Commercial and industrial 54,488 6,164 - (854) 2,514 62,312 Total Commercial 204,643 1,712 - (1,719) 4,994 209,630 Construction 6,539 (25) - - 399 6,913 Mortgage 149,206 (5,459) 170 (1,435) 5,823 148,305 Leasing 18,398 1,306 - (1,496) 829 19,037 Consumer Credit Cards 43,782 5,633 - (6,418) 2,342 45,339 HELOCs 3,711 (711) - (116) 661 3,545 Personal 83,965 17,688 - (9,487) 2,153 94,319 Auto 152,330 (12,716) - (6,650) 4,258 137,222 Other 15,218 2,433 - (436) 225 17,440 Total Consumer 299,006 12,327 - (23,107) 9,639 297,865 Total - Loans $ 677,792 $ 9,861 $ 170 $ (27,757) $ 21,684 $ 681,750 Allowance for credit losses - unfunded commitments: Commercial $ 2,965 $ 384 $ - $ - $ - $ 3,349 Construction 4,059 (564) - - - 3,495 Consumer 30 30 - - - 60 Ending balance - unfunded commitments [1] $ 7,054 $ (150) $ - $ - $ - $ 6,904 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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 $ 472 $ - $ - $ - $ 3,522 Commercial real estate non-owner occupied 45,211 4,335 - (30) 877 50,393 Commercial real estate owner occupied 54,176 (8,469) - (953) 4,718 49,472 Commercial and industrial 49,491 (2,361) - (866) 3,896 50,160 Total Commercial 151,928 (6,023) - (1,849) 9,491 153,547 Construction 1,641 622 - - 811 3,074 Mortgage 138,286 (16,481) 782 (2,688) 10,131 130,030 Leasing 17,578 1,692 - (1,903) 1,670 19,037 Consumer Credit Cards 43,499 9,335 - (12,101) 4,606 45,339 HELOCs 98 (85) - (164) 241 90 Personal 71,022 15,214 - (15,106) 3,669 74,799 Auto 154,498 (10,023) - (15,528) 8,275 137,222 Other 15,612 2,216 - (945) 556 17,439 Total Consumer 284,729 16,657 - (43,844) 17,347 274,889 Total - Loans $ 594,162 $ (3,533) $ 782 $ (50,284) $ 39,450 $ 580,577 Allowance for credit losses - unfunded commitments: Commercial $ 1,751 $ 281 $ - $ - $ - $ 2,032 Construction 2,388 (854) - - - 1,534 Ending balance - unfunded commitments [1] $ 4,139 $ (573) $ - $ - $ - $ 3,566 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 2022 Popular U.S. Provision for Beginning credit losses Ending (In thousands) Balance (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 25,418 $ (4,859) $ - $ 12 $ 20,571 Commercial real estate non-owner occupied 22,246 (7,979) - 17 14,284 Commercial real estate owner occupied 6,053 2,801 - 222 9,076 Commercial and industrial 10,160 1,753 (524) 763 12,152 Total Commercial 63,877 (8,284) (524) 1,014 56,083 Construction 4,722 (2,015) - 1,132 3,839 Mortgage 16,192 2,126 (68) 25 18,275 Consumer Credit Cards - (10) - 10 - HELOCs 3,708 (1,634) (52) 1,433 3,455 Personal 12,700 8,703 (2,457) 574 19,520 Other 5 103 (124) 17 1 Total Consumer 16,413 7,162 (2,633) 2,034 22,976 Total - Loans $ 101,204 $ (1,011) $ (3,225) $ 4,205 $ 101,173 Allowance for credit losses - unfunded commitments: Commercial $ 1,384 $ (67) $ - $ - $ 1,317 Construction 2,337 (376) - - 1,961 Consumer 37 23 - - 60 Ending balance - unfunded commitments [1] $ 3,758 $ (420) $ - $ - $ 3,338 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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 $ (4,387) $ - $ - $ 12 $ 24,093 Commercial real estate non-owner occupied 67,457 (3,644) - (30) 894 64,677 Commercial real estate owner occupied 60,229 (5,668) - (953) 4,940 58,548 Commercial and industrial 59,651 (608) - (1,390) 4,659 62,312 Total Commercial 215,805 (14,307) - (2,373) 10,505 209,630 Construction 6,363 (1,393) - - 1,943 6,913 Mortgage 154,478 (14,355) 782 (2,756) 10,156 148,305 Leasing 17,578 1,692 - (1,903) 1,670 19,037 Consumer Credit Cards 43,499 9,325 - (12,101) 4,616 45,339 HELOCs 3,806 (1,719) - (216) 1,674 3,545 Personal 83,722 23,917 - (17,563) 4,243 94,319 Auto 154,498 (10,023) - (15,528) 8,275 137,222 Other 15,617 2,319 - (1,069) 573 17,440 Total Consumer 301,142 23,819 - (46,477) 19,381 297,865 Total - Loans $ 695,366 $ (4,544) $ 782 $ (53,509) $ 43,655 $ 681,750 Allowance for credit losses - unfunded commitments: Commercial $ 3,135 $ 214 $ - $ - $ - $ 3,349 Construction 4,725 (1,230) - - - 3,495 Consumer 37 23 - - - 60 Ending balance - unfunded commitments [1] $ 7,897 $ (993) $ - $ - $ - $ 6,904 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. Modifications A modification constitutes a change in loan terms in the form of principal forgiveness, an interest rate reduction, other than- insignificant payment delay, term extension or combination of the above made to a borrower experiencing financial difficulty. The amount of outstanding commitments to lend additional funds to debtors owing receivables whose terms have been modified during the period ended at June 30, 2023 amounted to $ 5 million related to the commercial loan portfolio. The following tables show the amortized cost basis of the loans modified to borrowers experiencing financial difficulties at the end of the reporting period disaggregated by class of financing receivable and type of concession granted for the quarter and six months ended June 30,2023. Loans modified to borrowers under financial difficulties that were fully paid down, charged-off or foreclosed upon by period end are not reported. Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the quarter ended June 30,2023 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Consumer: Credit cards $ 222 0.02 % $ - - % $ 222 0.02 % Personal 196 0.01 % 3 - % 199 0.01 % Total $ 418 - % $ 3 - % $ 421 - % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 24,978 0.86 % $ - - % $ 24,978 0.53 % CRE owner occupied 1,434 0.10 % 15,715 0.97 % 17,149 0.56 % Commercial and industrial 21,610 0.54 % - - % 21,610 0.35 % Construction 5,422 3.12 % - - % 5,422 0.66 % Mortgage 10,694 0.17 % 2,676 0.21 % 13,370 0.18 % Consumer: Personal 48 - % 113 0.05 % 161 0.01 % Auto 38 - % - - % 38 - % Total $ 64,224 0.28 % $ 18,504 0.19 % $ 82,728 0.25 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE owner occupied $ 748 0.05 % $ - - % $ 748 0.02 % Mortgage 137 - % - - % 137 - % Total $ 885 - % $ - - % $ 885 - % Combination - Term extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Commercial and industrial $ 58 - % $ - - % $ 58 - % Mortgage 11,372 0.18 % 81 0.01 % 11,453 0.15 % Consumer: Personal 489 0.03 % - - % 489 0.03 % Total $ 11,919 0.05 % $ 81 - % $ 12,000 0.04 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction Puerto Rico Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Commercial and industrial $ 78 0.00% $ - - $ 78 0.00% Consumer: Credit cards 190 0.02% - - 190 0.02% Total $ 268 0.00% $ - - $ 268 0.00% Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the six months ended June 30,2023 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Mortgage $ 226 - % $ - - % $ 226 - % Consumer: Credit cards 427 0.04 % - - % 427 0.04 % Personal 313 0.02 % 3 - % 316 0.02 % Other 3 - % - - % 3 - % Total $ 969 - % $ 3 - % $ 972 - % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 24,978 0.86 % $ - - % $ 24,978 0.53 % CRE owner occupied 3,159 0.22 % 15,715 0.97 % 18,874 0.62 % Commercial and industrial 25,069 0.62 % - - % 25,069 0.40 % Construction 5,422 3.12 % 4,700 0.73 % 10,122 1.23 % Mortgage 25,100 0.41 % 4,515 0.35 % 29,615 0.40 % Consumer: Personal 74 - % 165 0.08 % 239 0.01 % Auto 38 - % - - % 38 - % Total $ 83,840 0.36 % $ 25,095 0.25 % $ 108,935 0.33 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 1,743 0.06 % $ - - % $ 1,743 0.04 % CRE owner occupied 13,812 0.97 % 13,650 0.85 % 27,462 0.90 % Commercial and industrial 1,395 0.03 % 822 0.04 % 2,217 0.04 % Mortgage 137 - % - - % 137 - % Total $ 17,087 0.07 % $ 14,472 0.15 % $ 31,559 0.10 % Combination - Term extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable CRE owner occupied $ 101 0.01 % $ - - % $ 101 0.01 % Commercial and industrial 58 - % - - % 58 - % Mortgage 21,805 0.35 % 408 0.03 % 22,213 0.30 % Consumer: Personal 907 0.05 % - - % 907 0.05 % Auto 28 - % - - % 28 - % Total $ 22,899 0.10 % $ 408 - % $ 23,307 0.07 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction Puerto Rico Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Amortized Cost Basis at June 30,2023 % of total class of Financing Receivable Commercial and industrial $ 78 0.00% $ - - $ 78 0.00% Consumer: Credit cards 445 0.04% - - 445 0.04% Total $ 523 0.00% $ - - $ 523 0.00% The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulties: For the quarter ended June 30, 2023 Interest rate reduction Loan Type Financial Effect Commercial and industrial Reduced weighted-average contractual interest rate from 21.7 % to 8 .0%. Mortgage Reduced weighted-average contractual interest rate from 5.6 % to 4.1 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.6 % to 4.7 %. Personal Reduced weighted-average contractual interest rate from 20.3 % to 10.7 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 10 months to the life of loans. CRE Owner occupied Added a weighted-average of 1 year to the life of loans. Commercial and industrial Added a weighted-average of 1 year to the life of loans. Construction Added a weighted-average of 6 months to the life of loans. Mortgage Added a weighted-average of 12 years to the life of loans. Consumer: Personal Added a weighted-average of 6 years to the life of loans. Auto Added a weighted-average of 3 years to the life of loans. Other than insignificant payment delay Loan Type Financial Effect CRE Owner occupied Added a weighted-average of 24 months to the life of loans. Commercial and industrial Added a weighted-average of 24 months to the life of loans. Mortgage Added a weighted-average of 40 months to the life of loans. Consumer: Credit cards Added a weighted-average of 24 months to the life of loans. For the six months ended June 30, 2023 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 6 .0% to 5.3 %. Commercial and industrial Reduced weighted-average contractual interest rate from 21.7 % to 8 .0%. Mortgage Reduced weighted-average contractual interest rate from 5.7 % to 4.2 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.6 % to 4.6 %. Personal Reduced weighted-average contractual interest rate from 18.9 % to 10.3 %. Auto Reduced weighted-average contractual interest rate from 12.64 % to 12.62 %. Other Reduced weighted-average contractual interest rate from 18 .0% to 0 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 10 months to the life of loans. CRE Owner occupied Added a weighted-average of 1 year to the life of loans. Commercial and industrial Added a weighted-average of 1 year to the life of loans. Construction Added a weighted-average of 6 months to the life of loans. Mortgage Added a weighted-average of 11 years to the life of loans. Consumer: Personal Added a weighted-average of 6 years to the life of loans. Auto Added a weighted-average of 3 years to the life of loans. Other than insignificant payment delay Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 12 months to the life of loans. CRE Owner occupied Added a weighted-average of 8 months to the life of loans. Commercial and industrial Added a weighted-average of 9 months to the life of loans. Mortgage Added a weighted-average of 40 months to the life of loans. Consumer: Credit cards Added a weighted-average of 24 months to the life of loans. The following table presents, by class, the performance of loans that have been modified in the last six months at June 30, 2023. The past due 90 days or more categories includes all loans modified classified as non-accruing at the time of the modification. These loans will continue in non-accrual status, and presented as past due 90 days or more, until the borrower has demonstrated a willingness and ability to make the restructured loan payments (at least six months of sustained performance after the modification or one year for loans providing for quarterly or semi-annual payments) and management has concluded that it is probable that the borrower would not be in payment default in the foreseeable future. BPPR For the period ended June 30, 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 $ - $ - $ 428 $ 428 $ 26,293 $ 26,721 $ - $ 428 CRE Owner occupied - - 2,338 2,338 14,752 17,090 - 2,338 Commercial and industrial - - 872 872 25,728 26,600 114 758 Construction - - - - 5,422 5,422 - - Mortgage 3,158 1,611 16,213 20,982 26,286 47,268 1,047 15,166 Consumer: Credit cards 36 50 91 177 695 872 51 40 Personal 30 - 331 361 933 1,294 8 323 Auto - - 12 12 54 66 - 12 Other - - - - 3 3 - - Total $ 3,224 $ 1,661 $ 20,285 $ 25,170 $ 100,166 $ 125,336 $ 1,220 $ 19,065 [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 June 30, 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 $ - $ - $ - $ - $ 29,365 $ 29,365 $ - $ - Commercial and industrial - - - - 822 822 - - Construction - - - - 4,700 4,700 - - Mortgage - - 340 340 4,583 4,923 104 236 Consumer: Personal - - 132 132 36 168 - 132 Total $ - $ - $ 472 $ 472 $ 39,506 $ 39,978 $ 104 $ 368 [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 June 30, 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 $ - $ - $ 428 $ 428 $ 26,293 $ 26,721 $ - $ 428 CRE Owner occupied - - 2,338 2,338 44,117 46,455 - 2,338 Commercial and industrial - - 872 872 26,550 27,422 114 758 Construction - - - - 10,122 10,122 - - Mortgage 3,158 1,611 16,553 21,322 30,869 52,191 1,151 15,402 Consumer: Credit cards 36 50 91 177 695 872 51 40 Personal 30 - 463 493 969 1,462 8 455 Auto - - 12 12 54 66 - 12 Other - - - - 3 3 - - Total $ 3,224 $ 1,661 $ 20,757 $ 25,642 $ 139,672 $ 165,314 $ 1,324 $ 19,433 [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. The activity of modified loans to borrowers under financial difficulties that were subject to payment default and that had been modified during the quarter and six months ended June 30, 2023 was considered immaterial for the Corporation. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. Legacy TDR Modifications A modification of a loan, prior to ASU 2022-02, constituted a troubled debt restructuring (TDR) when a borrower was experiencing financial difficulty and the modification constituted a concession. For a summary of the legacy accounting policy related to TDRs, refer to the Summary of Significant Accounting Policies included in Note 2 to the 2022 Form 10-K. The outstanding balance of loans classified as TDRs amounted to $ 1.6 billion at December 31, 2022. The amount of outstanding commitments to lend additional funds to debtors owing loans whose terms have been modified in TDRs amounted to $ 12 million related to the commercial loan portfolio at December 31, 2022. The following table presents the outstanding balance of loans classified as TDRs according to their accruing status and the related allowance at December 31, 2022. 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. The following table presents the loan count by type of modification for those loans modified in a TDR during the quarter and six months ended June 30, 2022. Loans modified as TDRs for the U.S. operations are considered insignificant to the Corporation. Popular Inc. For the quarter ended June 30, 2022 For the six month ended June 30, 2022 Reduction in interest rate Extension of maturity date Combination of reduction in interest rate and extension of maturity date Other 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 - 1 - 1 - 2 Commercial real estate owner occupied - 5 1 - 1 6 1 - Commercial and industrial 2 - 1 - 3 5 1 11 Mortgage 3 31 217 - 4 65 505 1 Leasing - - 1 - - - 1 - Consumer: Credit cards 9 - - 7 24 - - 22 Personal 29 36 - 1 54 56 - 1 Auto - - - - - 1 - - Total 43 73 220 9 86 134 508 37 The following table presents, by class, quantitative information related to loans modified as TDRs during the quarter and six months ended June 30, 2022. Popular, Inc. For the quarter ended June 30, 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 2 $ 52 $ 51 $ 5 Commercial real estate owner occupied 6 12,377 12,369 (2,073) Commercial and industrial 3 156 153 30 Mortgage 251 29,907 31,134 1,091 Leasing 1 14 12 2 Consumer: Credit cards 16 162 172 2 Personal 66 952 1,030 135 Total 345 $ 43,620 $ 44,921 $ (808) Popular, Inc. For the six months ended June 30, 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 3 $ 3,452 $ 3,451 $ 5 Commercial real estate owner occupied 8 13,106 13,096 (2,073) Commercial and industrial 20 49,502 49,308 2,060 Mortgage 575 64,783 66,726 2,111 Leasing 1 14 12 2 Consumer: Credit cards 46 410 445 7 Personal 111 1,681 1,758 265 Auto 1 28 28 5 Total 765 $ 132,976 $ 134,824 $ 2,382 The following table presents, by class, TDRs that were subject to payment default and that had been modified as a TDR during the twelve months preceding the default date. 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 as a TDR that were fully paid down, charged-off or foreclosed upon by period end are not reported. Popular Inc. Defaulted during the quarter ended June 30, 2022 Defaulted during the six month ended June 30, 2022 (In thousands) Loan count Recorded investment as of first default date Loan count Recorded Investment as of first default date Commercial and industrial 3 $ 2,496 3 $ 2,496 Mortgage 32 3,830 38 5,699 Consumer: Credit cards 8 28 19 135 Personal 7 270 19 398 Total 50 $ 6,624 79 $ 8,728 Credit Quality The risk rating system provides for the assignment of ratings at the obligor level based on the financial condition of the borrower. The risk rating analysis process is performed at least once a year or more frequently if events or conditions change which may deteriorate the credit quality. In the case of consumer and mortgage loans, these loans are classified considering their delinquency status at the end of the reporting period. The following tables present the amortized cost basis, net of unearned income, of loans held-in-portfolio based on the Corporation’s assignment of obligor risk ratings as defined at June 30, 2023 and December 31, 2022 and the gross write-offs recorded by vintage year. For the definitions of the obligor risk ratings, refer to the Credit Quality section of Note 9 to the Consolidated Financial Statements included in the 2022 Form 10-K: June 30, 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 $ 6,839 $ - $ - $ - $ 18,329 $ 4,920 $ - $ - $ 30,088 Special Mention - - - - - 2,618 - - 2,618 Substandard - - - - - 3,195 100 - 3,295 Pass 31,280 140,323 22,693 20,657 15,816 29,842 265 - 260,876 Total commercial multi-family $ 38,119 $ 140,323 $ 22,693 $ 20,657 $ 34,145 $ 40,575 $ 365 $ - $ 296,877 Commercial real estate non-owner occupied Watch $ 1,335 $ 342 $ 13,818 $ 13,088 $ 14,996 $ 63,639 $ - $ - $ 107,218 Special Mention - - 25,284 19,630 66,341 52,629 5,000 - 168,884 Substandard - 8,668 - 2,766 18,850 20,489 - - 50,773 Pass 94,895 883,308 562,467 365,497 44,006 618,247 10,952 - 2,579,372 Total commercial real estate non- owner occupied $ 96,230 $ 892,318 $ 601,569 $ 400,981 $ 144,193 $ 755,004 $ 15,952 $ - $ 2,906,247 Year-to-Date gross write-offs $ - $ - $ - $ 609 $ - $ - $ - $ - $ 609 Commercial real estate owner occupied Watch $ 1,012 $ 11,183 $ 4,421 $ 8,709 $ 3,819 $ 60,864 $ 700 $ - $ 90,708 Special Mention - 8 2,374 143,133 1,022 60,226 12,515 - 219,278 Substandard 291 16,779 5,981 336 722 76,684 - - 100,793 Doubtful - - - - - 261 - - 261 Pass 34,603 204,357 259,769 57,215 28,867 421,641 10,566 - 1,017,018 Total commercial real estate owner occupied $ 35,906 $ 232,327 $ 272,545 $ 209,393 $ 34,430 $ 619,676 $ 23,781 $ - $ 1,428,058 Year-to-Date gross write-offs $ - $ - $ - $ - $ 1 $ 78 $ - $ - $ 79 Commercial and industrial Watch $ 5,610 $ 20,130 $ 5,289 $ 2,142 $ 18,099 $ 74,579 $ 74,645 $ - $ 200,494 Special Mention 11 1,497 3,599 21,181 973 49,242 5,138 - 81,641 Substandard 5,424 1,580 3,250 1,807 2,739 37,241 38,818 - 90,859 Doubtful - - - - 10 34 - - 44 Loss - - - - - - 277 - 277 Pass 398,231 748,053 545,018 263,829 141,273 294,775 1,274,329 - 3,665,508 Total commercial and industrial $ 409,276 $ 771,260 $ 557,156 $ 288,959 $ 163,094 $ 455,871 $ 1,393,207 $ - $ 4,038,823 Year-to-Date gross write-offs $ 383 $ 184 $ 131 $ 33 $ 223 $ 239 $ 1,475 $ - $ 2,668 Construction Watch $ - $ 27,279 $ 5,980 $ - $ - $ - $ 18,267 $ - $ 51,526 Substandard - 9,284 - 5,422 - - $ - - 14,706 Pass 8,330 22,165 31,224 11,901 2,090 1,065 30,728 - 107,503 Total construction $ 8,330 $ 58,728 $ 37,204 $ 17,323 $ 2,090 $ 1,065 $ 48,995 $ - $ 173,735 Mortgage Substandard $ - $ 162 $ 515 $ 286 $ 3,455 $ 77,336 $ - $ - $ 81,754 Pass 303,008 450,007 438,249 276,647 195,802 4,422,821 - - 6,086,534 Total mortgage $ 303,008 $ 450,169 $ 438,764 $ 276,933 $ 199,257 $ 4,500,157 $ - $ - $ 6,168,288 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 1,143 $ - $ - $ 1,143 June 30, 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 $ - $ 1,189 $ 1,156 $ 520 $ 1,259 $ 588 $ - $ - $ 4,712 Loss - - - - - 32 - - 32 Pass 355,425 561,334 370,204 200,199 115,159 54,458 - - 1,656,779 Total leasing $ 355,425 $ 562,523 $ 371,360 $ 200,719 $ 116,418 $ 55,078 $ - $ - $ 1,661,523 Year-to-Date gross write-offs $ 156 $ 1,536 $ 1,448 $ 301 $ 155 $ 361 $ - $ - $ 3,957 Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 14,185 $ - $ 14,185 Pass - - - - - - 1,043,187 - 1,043,187 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,057,372 $ - $ 1,057,372 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 17,133 $ - $ 17,133 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 2,570 $ - $ 2,570 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,570 $ - $ 2,570 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 68 $ - $ 68 Personal Substandard $ 383 $ 3,742 $ 2,072 $ 646 $ 1,165 $ 8,775 $ - $ 1,013 $ 17,796 Loss - 104 59 - 13 11 - - 187 Pass 472,830 642,613 242,527 77,428 84,933 123,190 - 24,462 1,667,983 Total Personal $ 473,213 $ 646,459 $ 244,658 $ 78,074 $ 86,111 $ 131,976 $ - $ 25,475 $ 1,685,966 Year-to-Date gross write-offs $ 149 $ 12,908 $ 9,517 $ 2,500 $ 2,768 $ 1,642 $ - $ 697 $ 30,181 Auto Substandard $ 770 $ 10,424 $ 10,352 $ 8,593 $ 7,168 $ 4,380 $ - $ - $ 41,687 Loss 8 65 10 61 - 7 - - 151 Pass 614,420 1,029,517 832,770 494,710 339,804 212,474 - - 3,523,695 Total Auto $ 615,198 $ 1,040,006 $ 843,132 $ 503,364 $ 346,972 $ 216,861 $ - $ - $ 3,565,533 Year-to-Date gross write-offs $ 697 $ 9,990 $ 5,443 $ 2,579 $ 1,508 $ - $ - $ - $ 20,217 Other consumer Substandard $ - $ 28 $ 137 $ 86 $ 17 $ 1,232 $ 166 $ - $ 1,666 Loss - - - - - 263 - - 263 Pass 16,502 26,939 15,884 6,279 3,873 4,529 59,357 - 133,363 Total Other consumer $ 16,502 $ 26,967 $ 16,021 $ 6,365 $ 3,890 $ 6,024 $ 59,523 $ - $ 135,292 Year-to-Date gross write-offs $ 1 $ 56 $ 50 $ 71 $ 19 $ 11,164 $ - $ - $ 11,361 Total BPPR $ 2,351,207 $ 4,821,080 $ 3,405,102 $ 2,002,768 $ 1,130,600 $ 6,782,287 $ 2,601,765 $ 25,475 $ 23,120,284 June 30, 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 $ - $ 745 $ - $ 3,695 $ 51,341 $ 42,148 $ - $ - $ 97,929 Special Mention - - - 1,185 - 22,285 - - 23,470 Substandard - - - - 14,820 10,592 - - 25,412 Pass 63,962 520,293 372,904 235,238 217,494 474,679 3,241 - 1,887,811 Total commercial multi-family $ 63,962 $ 521,038 $ 372,904 $ 240,118 $ 283,655 $ 549,704 $ 3,241 $ - $ 2,034,622 Commercial real estate non-owner occupied Watch $ - $ 5,467 $ 4,255 $ 1,234 $ 11,061 $ 63,432 $ - $ - $ 85,449 Special Mention - - - - 1,340 69,137 - - 70,477 Substandard - - - 2,127 1,734 3,264 - - 7,125 Pass 90,429 544,996 207,021 252,596 116,970 455,832 7,114 - 1,674,958 Total commercial real estate non- owner occupied $ 90,429 $ 550,463 $ 211,276 $ 255,957 $ 131,105 $ 591,665 $ 7,114 $ - $ 1,838,009 Commercial real estate owner occupied Watch $ - $ - $ - $ 1,184 $ - $ 55,703 $ - $ - $ 56,887 Special Mention - - - 3,835 6,153 115 - - 10,103 Substandard - - - - 7,324 45,574 - - 52,898 Pass 165,915 361,119 415,527 113,287 76,725 352,328 8,551 - 1,493,452 Total commercial real estate owner occupied $ 165,915 $ 361,119 $ 415,527 $ 118,306 $ 90,202 $ 453,720 $ 8,551 $ - $ 1,613,340 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 177 $ - $ - $ 177 Commercial and industrial Watch $ 5,028 $ 11,286 $ 2,301 $ 1,337 $ 1,847 $ 8,507 $ 3,838 $ - $ 34,144 Special Mention - 1,084 1,168 165 200 71 2 - 2,690 Substandard - 290 85 60 4,005 2,433 1,659 - 8,532 Loss - - - 79 - - - - 79 Pass 68,321 256,186 377,475 333,243 182,283 508,569 440,802 - 2,166,879 Total commercial and industrial $ 73,349 $ 268,846 $ 381,029 $ 334,884 $ 188,335 $ 519,580 $ 446,301 $ - $ 2,212,324 Year-to-Date gross write-offs $ 247 $ 221 $ 1,995 $ 14 $ 78 $ - $ 25 $ - $ 2,580 Construction Watch $ - $ - $ 8,207 $ - $ 6,839 $ 3,000 $ - $ - $ 18,046 Special Mention - - - - - 34,080 - - 34,080 Substandard - - 4,463 2,605 - 10,049 - - 17,117 Pass 94,452 249,342 143,526 32,486 56,330 789 - - 576,925 Total construction $ 94,452 $ 249,342 $ 156,196 $ 35,091 $ 63,169 $ 47,918 $ - $ - $ 646,168 Mortgage Substandard $ - $ - $ 1,232 $ 857 $ 2,727 $ 9,761 $ - $ - $ 14,577 Pass 40,680 227,836 294,594 240,455 180,760 281,888 - - 1,266,213 Total mortgage $ 40,680 $ 227,836 $ 295,826 $ 241,312 $ 183,487 $ 291,649 $ - $ - $ 1,280,790 June 30, 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 $ - $ - $ - $ - $ - $ - $ 17 $ - $ 17 Total credit cards $ - $ - $ - $ - $ - $ - $ 17 $ - $ 17 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 1 $ - $ 1 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,006 $ 19 $ 1,087 $ 3,112 Loss - - - - - 99 - 1,040 1,139 Pass - - - - - 8,191 40,714 12,714 61,619 Total HELOCs $ - $ - $ - $ - $ - $ 10,296 $ 40,733 $ 14,841 $ 65,870 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 195 $ - $ - $ 195 Personal Substandard $ 140 $ 1,327 $ 293 $ 70 $ 185 $ 220 $ - $ - $ 2,235 Loss - 24 - - - 467 - - 491 Pass 31,181 128,737 33,918 4,696 7,507 1,863 - - 207,902 Total Personal $ 31,321 $ 130,088 $ 34,211 $ 4,766 $ 7,692 $ 2,550 $ - $ - $ 210,628 Year-to-Date gross write-offs $ - $ 5,246 $ 2,143 $ 385 $ 562 $ 121 $ - $ - $ 8,457 Other consumer Pass 20 - - - - - 8,850 - 8,870 Total Other consumer $ 20 $ - $ - $ - $ - $ - $ 8,850 $ - $ 8,870 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 100 $ - $ 100 Total Popular U.S. $ 560,128 $ 2,308,732 $ 1,866,969 $ 1,230,434 $ 947,645 $ 2,467,082 $ 514,807 $ 14,841 $ 9,910,638 June 30, 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 $ 6,839 $ 745 $ - $ 3,695 $ 69,670 $ 47,068 $ - $ - $ 128,017 Special Mention - - - 1,185 - 24,903 - - 26,088 Substandard - - - - 14,820 13,787 100 - 28,707 Pass 95,242 660,616 395,597 255,895 233,310 504,521 3,506 - 2,148,687 Total commercial multi-family $ 102,081 $ 661,361 $ 395,597 $ 260,775 $ 317,800 $ 590,279 $ 3,606 $ - $ 2,331,499 Commercial real estate non-owner occupied Watch $ 1,335 $ 5,809 $ 18,073 $ 14,322 $ 26,057 $ 127,071 $ - $ - $ 192,667 Special Mention - - 25,284 19,630 67,681 121,766 5,000 - 239,361 Substandard - 8,668 - 4,893 20,584 23,753 - - 57,898 Pass 185,324 1,428,304 769,488 618,093 160,976 1,074,079 18,066 - 4,254,330 Total commercial real estate non- owner occupied $ 186,659 $ 1,442,781 $ 812,845 $ 656,938 $ 275,298 $ 1,346,669 $ 23,066 $ - $ 4,744,256 Year-to-Date gross write-offs $ - $ - $ - $ 609 $ - $ - $ - $ - $ 609 Commercial real estate owner occupied Watch $ 1,012 $ 11,183 $ 4,421 $ 9,893 $ 3,819 $ 116,567 $ 700 $ - $ 147,595 Special Mention - 8 2,374 146,968 7,175 60,341 12,515 - 229,381 Substandard 291 16,779 5,981 336 8,046 122,258 - - 153,691 Doubtful - - - - - 261 - - 261 Pass 200,518 565,476 675,296 170,502 105,592 773,969 19,117 - 2,510,470 Total commercial real estate owner occupied $ 201,821 $ 593,446 $ 688,072 $ 327,699 $ 124,632 $ 1,073,396 $ 32,332 $ - $ 3,041,398 Year-to-Date gross write-offs $ - $ - $ - $ - $ 1 $ 255 $ - $ - $ 256 Commercial and industrial Watch $ 10,638 $ 31,416 $ 7,590 $ 3,479 $ 19,946 $ 83,086 $ 78,483 $ - $ 234,638 Special Mention 11 2,581 4,767 21,346 1,173 49,313 5,140 - 84,331 Substandard 5,424 1,870 3,335 1,867 6,744 39,674 40,477 - 99,391 Doubtful - - - - 10 34 - - 44 Loss - - - 79 - - 277 - 356 Pass 466,552 1,004,239 922,493 597,072 323,556 803,344 1,715,131 - 5,832,387 Total commercial and industrial $ 482,625 $ 1,040,106 $ 938,185 $ 623,843 $ 351,429 $ 975,451 $ 1,839,508 $ - $ 6,251,147 Year-to-Date gross write-offs $ 630 $ 405 $ 2,126 $ 47 $ 301 $ 239 $ 1,500 $ - $ 5,248 June 30, 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 $ - $ 27,279 $ 14,187 $ - $ 6,839 $ 3,000 $ 18,267 $ - $ 69,572 Special Mention - - - - - 34,080 - - 34,080 Substandard - 9,284 4,463 8,027 - 10,049 - - 31,823 Pass 102,782 271,507 174,750 44,387 58,420 1,854 30,728 - 684,428 Total construction $ 102,782 $ 308,070 $ 193,400 $ 52,414 $ 65,259 $ 48,983 $ 48,995 $ - $ 819,903 Mortgage Substandard $ - $ 162 $ 1,747 $ 1,143 $ 6,182 $ 87,097 $ - $ - $ 96,331 Pass 343,688 677,843 732,843 517,102 376,562 4,704,709 - - 7,352,747 Total mortgage $ 343,688 $ 678,005 $ 734,590 $ 518,245 $ 382,744 $ 4,791,806 $ - $ - $ 7,449,078 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 1,143 $ - $ - $ 1,143 Leasing Substandard $ - $ 1,189 $ 1,156 $ 520 $ 1,259 $ 588 $ - $ - $ 4,712 Loss - - - - - 32 - - 32 Pass 355,425 561,334 370,204 200,199 115,159 54,458 - - 1,656,779 Total leasing $ 355,425 $ 562,523 $ 371,360 $ 200,719 $ 116,418 $ 55,078 $ - $ - $ 1,661,523 Year-to-Date gross write-offs $ 156 $ 1,536 $ 1,448 $ 301 $ 155 $ 361 $ - $ - $ 3,957 June 30, 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 $ - $ - $ - $ - $ - $ - $ 14,185 $ - $ 14,185 Pass - - - - - - 1,043,204 - 1,043,204 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,057,389 $ - $ 1,057,389 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 17,134 $ - $ 17,134 HELOCs Substandard $ - $ - $ - $ - $ - $ 2,006 $ 19 $ 1,087 $ 3,112 Loss - - - - - 99 - 1,040 1,139 Pass - - - - - 8,191 43,284 12,714 64,189 Total HELOCs $ - $ - $ - $ - $ - $ 10,296 $ 43,303 $ 14,841 $ 68,440 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 195 $ 68 $ - $ 263 Personal Substandard $ 523 $ 5,069 $ 2,365 $ 716 $ 1,350 $ 8,995 $ - $ 1,013 $ 20,031 Loss - 128 59 - 13 478 - - 678 Pass 504,011 771,350 276,445 82,124 92,440 125,053 - 24,462 1,875,885 Total Personal $ 504,534 $ 776,547 $ 278,869 $ 82,840 $ 93,803 $ 134,526 $ - $ 25,475 $ 1,896,594 Year-to-Date gross write-offs $ 149 $ 18,154 $ 11,660 $ 2,885 $ 3,330 $ 1,763 $ - $ 697 $ 38,638 Auto Substandard $ 770 $ 10,424 $ 10,352 $ 8,593 $ 7,168 $ 4,380 $ - $ - $ 41,687 Loss 8 65 10 61 - 7 - - 151 Pass 614,420 1,029,517 832,770 494,710 339,804 212,474 - - 3,523,695 Total Auto $ 615,198 $ 1,040,006 $ 843,132 $ 503,364 $ 346,972 $ 216,861 $ - $ - $ 3,565,533 Year-to-Date gross write-offs $ 697 $ 9,990 $ 5,443 $ 2,579 $ 1,508 $ - $ - $ - $ 20,217 Other consumer Substandard $ - $ 28 $ 137 $ 86 $ 17 $ 1,232 $ 166 $ - $ 1,666 Loss - - - - - 263 - - 263 Pass 16,522 26,939 15,884 6,279 3,873 4,529 68,207 - 142,233 Total Other consumer $ 16,522 $ 26,967 $ 16,021 $ 6,365 $ 3,890 $ 6,024 $ 68,373 $ - $ 144,162 Year-to-Date gross write-offs $ 1 $ 56 $ 50 $ 71 $ 19 $ 11,164 $ 100 $ - $ 11,461 Total Popular Inc. $ 2,911,335 $ 7,129,812 $ 5,272,071 $ 3,233,202 $ 2,078,245 $ 9,249,369 $ 3,116,572 $ 40,316 $ 33,030,922 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 BPPR $ 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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