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Goodwill and other intangible assets (Tables) | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure |
Goodwill and accumulated impairment losses by reportable segments | The changes in the carrying amount of goodwill for the nine months ended September 30, 2023 and 2022, allocated by reportable segments, were as follows (refer to Note 33 for the definition of the Corporation’s reportable segments): September 30, 2023 Balance at Goodwill on Goodwill Balance at (In thousands) January 1, 2023 acquisition impairment September 30, 2023 Banco Popular de Puerto Rico $ 436,383 $ - $ - $ 436,383 Popular U.S. 391,045 - (23,000) 368,045 Total Popular, Inc. $ 827,428 $ - $ (23,000) $ 804,428 September 30, 2022 Balance at Goodwill on Goodwill Balance at (In thousands) January 1, 2022 acquisition impairment September 30, 2022 Banco Popular de Puerto Rico $ 320,248 $ 116,135 $ - $ 436,383 Popular U.S. 400,045 - (9,000) 391,045 Total Popular, Inc. $ 720,293 $ 116,135 $ (9,000) $ 827,428 The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments. September 30, 2023 Balance at Balance at September 30, Accumulated September 30, 2023 impairment 2023 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 196,411 368,045 Total Popular, Inc. $ 1,004,640 $ 200,212 $ 804,428 December 31, 2022 Balance at Balance at December 31, Accumulated December 31, 2022 impairment 2022 (In thousands) (gross amounts) losses (net amounts) Banco Popular de Puerto Rico $ 440,184 $ 3,801 $ 436,383 Popular U.S. 564,456 173,411 391,045 Total Popular, Inc. $ 1,004,640 $ 177,212 $ 827,428
Components of other intangible assets subject to amortization | Gross Carrying Accumulated Net Carrying (In thousands) Amount Amortization Value September 30, 2023 Core deposits $ 12,810 $ 10,995 $ 1,815 Other customer relationships 14,286 6,302 7,984 Total other intangible assets $ 27,096 $ 17,297 $ 9,799 December 31, 2022 Core deposits $ 12,810 $ 10,034 $ 2,776 Other customer relationships 14,286 4,878 9,408 Total other intangible assets $ 27,096 $ 14,912 $ 12,184
Estimated amortization of the intangible assets with definite useful lives | (In thousands) Remaining 2023 $ 794 Year 2024 2,938 Year 2025 1,750 Year 2026 1,440 Year 2027 959 Later years 1,918

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