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Allowance for credit losses - loans held-in-portfolio | 9 Months Ended
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Sep. 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. As part of the Corporation’s model governance procedures a new model was implemented for the U.S commercial real estate segment. The new model enhances techniques used to capture default activity within the Corporation’s geographical footprint. As part of the implementation analysis management evaluated the credit metrics of the portfolio such as risk ratings, delinquency levels, and low exposure to the commercial office sector. Qualitative reserves continue to be maintained to address risks within the U. S. commercial real estate segment. The new model including qualitative reserve accounted for $ 15 million of PB’s reduction in ACL. At September 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. 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 improved to 1.7% and 2.0% for Puerto Rico and the United States, respectively, compared to 1.5% and 1.6% in the previous quarter. The 2023 forecasted average unemployment rate for Puerto Rico improved to 6.1% from 6.3% in the previous forecast, while in the United States unemployment levels remained at 3.6%, stable when compared to the previous forecast. GDP growth is expected to slow during 2024 for both regions, when compared to 2023, as a result of the Fed’s monetary policy. 2024 GDP growth is expected to be 0.90% for Puerto Rico and 1.25% for the United States. The average 2024 unemployment rate is expected to increase to 6.80% in Puerto Rico and 4.03% in the United States. The following tables present the changes in the ACL of loans held-in-portfolio and unfunded commitments for the quarters and nine months ended September 30, 2023 and 2022. For the quarter ended September 30, 2023 BPPR Provision for Allowance for 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 $ 4,787 $ (1,306) $ - $ - $ - $ 3,481 Commercial real estate non-owner occupied 53,366 (326) - (27) 195 53,208 Commercial real estate owner occupied 41,901 (242) - (446) 280 41,493 Commercial and industrial 81,637 (4,605) - (2,311) 12,858 87,579 Total Commercial 181,691 (6,479) - (2,784) 13,333 185,761 Construction 9,554 (1,486) - (2,611) - 5,457 Mortgage 82,899 (6,808) 9 (62) 3,862 79,900 Leasing 13,927 (2,287) - (2,292) 850 10,198 Consumer Credit cards 71,408 9,773 - (10,865) 2,234 72,550 Home equity lines of credit 96 (39) - (43) 73 87 Personal 96,046 28,964 - (19,260) 1,957 107,707 Auto 134,247 30,880 - (14,553) 4,862 155,436 Other 6,240 1,499 - (494) 193 7,438 Total Consumer 308,037 71,077 - (45,215) 9,319 343,218 Total - Loans $ 596,108 $ 54,017 $ 9 $ (52,964) $ 27,364 $ 624,534 Allowance for credit losses - unfunded commitments: Commercial $ 5,288 $ (400) $ - $ - $ - $ 4,888 Construction 3,110 (1,768) - - - 1,342 Ending balance - unfunded commitments [1] $ 8,398 $ (2,168) $ - $ - $ - $ 6,230 [ 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 September 30, 2023 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 $ 21,392 $ (9,651) $ - $ 1 $ 11,742 Commercial real estate non-owner occupied 18,350 (4,475) - 66 13,941 Commercial real estate owner occupied 9,506 (1,688) (1,218) 16 6,616 Commercial and industrial 18,014 (1,109) (1,228) 329 16,006 Total Commercial 67,262 (16,923) (2,446) 412 48,305 Construction 1,778 3,736 - - 5,514 Mortgage 13,194 (1,252) - 62 12,004 Consumer Home equity lines of credit 2,074 238 (224) 212 2,300 Personal 19,782 3,659 (5,636) 604 18,409 Other 2 39 (43) 4 2 Total Consumer 21,858 3,936 (5,903) 820 20,711 Total - Loans $ 104,092 $ (10,503) $ (8,349) $ 1,294 $ 86,534 Allowance for credit losses - unfunded commitments: Commercial $ 1,348 $ 197 $ - $ - $ 1,545 Construction 1,797 3,658 - - 5,455 Consumer 50 4 - - 54 Ending balance - unfunded commitments [1] $ 3,195 $ 3,859 $ - $ - $ 7,054 [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 September 30, 2023 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 $ 26,179 $ (10,957) $ - $ - $ 1 $ 15,223 Commercial real estate non-owner occupied 71,716 (4,801) - (27) 261 67,149 Commercial real estate owner occupied 51,407 (1,930) - (1,664) 296 48,109 Commercial and industrial 99,651 (5,714) - (3,539) 13,187 103,585 Total Commercial 248,953 (23,402) - (5,230) 13,745 234,066 Construction 11,332 2,250 - (2,611) - 10,971 Mortgage 96,093 (8,060) 9 (62) 3,924 91,904 Leasing 13,927 (2,287) - (2,292) 850 10,198 Consumer Credit cards 71,408 9,773 - (10,865) 2,234 72,550 Home equity lines of credit 2,170 199 - (267) 285 2,387 Personal 115,828 32,623 - (24,896) 2,561 126,116 Auto 134,247 30,880 - (14,553) 4,862 155,436 Other 6,242 1,538 - (537) 197 7,440 Total Consumer 329,895 75,013 - (51,118) 10,139 363,929 Total - Loans $ 700,200 $ 43,514 $ 9 $ (61,313) $ 28,658 $ 711,068 Allowance for credit losses - unfunded commitments: Commercial $ 6,636 $ (203) $ - $ - $ - $ 6,433 Construction 4,907 1,890 - - - 6,797 Consumer 50 4 - - - 54 Ending balance - unfunded commitments [1] $ 11,593 $ 1,691 $ - $ - $ - $ 13,284 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 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 $ - $ (1,730) $ - $ - $ 1 $ - $ 3,481 Commercial real estate non-owner occupied 52,475 - 860 - (636) 509 - 53,208 Commercial real estate owner occupied 48,393 (1,161) (7,409) - (525) 2,195 - 41,493 Commercial and industrial 68,217 (552) 8,378 - (4,979) 16,515 - 87,579 Total Commercial 174,295 (1,713) 99 - (6,140) 19,220 - 185,761 Construction 2,978 - 5,090 - (2,611) - - 5,457 Mortgage 117,344 (33,556) (15,113) 87 (1,205) 12,343 - 79,900 Leasing 20,618 (35) (7,023) - (6,249) 2,887 - 10,198 Consumer Credit cards 58,670 - 35,901 - (27,998) 6,578 (601) 72,550 Home equity lines of credit 103 - (107) - (111) 202 - 87 Personal 96,369 (7,020) 60,347 - (49,441) 7,452 - 107,707 Auto 129,735 (21) 45,108 - (34,770) 15,384 - 155,436 Other 15,433 - 3,297 - (11,855) 563 - 7,438 Total Consumer 300,310 (7,041) 144,546 - (124,175) 30,179 (601) 343,218 Total - Loans $ 615,545 $ (42,345) $ 127,599 $ 87 $ (140,380) $ 64,629 $ (601) $ 624,534 Allowance for credit losses - unfunded commitments: Commercial $ 4,336 $ - $ 552 $ - $ - $ - $ - $ 4,888 Construction 2,022 - (680) - - - - 1,342 Ending balance - unfunded commitments [1] $ 6,358 $ - $ (128) $ - $ - $ - $ - $ 6,230 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 30, 2023 Popular U.S. Impact of Provision for Beginning Adopting credit losses - Ending (In thousands) Balance ASU 2022-02 (benefit) Charge-offs Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 21,101 $ - $ (9,363) $ - $ 4 $ 11,742 Commercial real estate non-owner occupied 19,065 - (7,108) - 1,984 13,941 Commercial real estate owner occupied 8,688 - (738) (1,395) 61 6,616 Commercial and industrial 12,227 - 5,943 (3,808) 1,644 16,006 Total Commercial 61,081 - (11,266) (5,203) 3,693 48,305 Construction 1,268 - 4,246 - - 5,514 Mortgage 17,910 (2,098) (3,993) - 185 12,004 Consumer Credit cards - - 1 (1) - - Home equity lines of credit 2,439 - (419) (419) 699 2,300 Personal 22,057 (1,140) 10,019 (14,093) 1,566 18,409 Other 2 - 134 (143) 9 2 Total Consumer 24,498 (1,140) 9,735 (14,656) 2,274 20,711 Total - Loans $ 104,757 $ (3,238) $ (1,278) $ (19,859) $ 6,152 $ 86,534 Allowance for credit losses - unfunded commitments: Commercial $ 1,175 $ - $ 370 $ - $ - $ 1,545 Construction 1,184 - 4,271 - - 5,455 Consumer 88 - (34) - - 54 Ending balance - unfunded commitments [1] $ 2,447 $ - $ 4,607 $ - $ - $ 7,054 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 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 $ - $ (11,093) $ - $ - $ 5 $ - $ 15,223 Commercial real estate non-owner occupied 71,540 - (6,248) - (636) 2,493 - 67,149 Commercial real estate owner occupied 57,081 (1,161) (8,147) - (1,920) 2,256 - 48,109 Commercial and industrial 80,444 (552) 14,321 - (8,787) 18,159 - 103,585 Total Commercial 235,376 (1,713) (11,167) - (11,343) 22,913 - 234,066 Construction 4,246 - 9,336 - (2,611) - - 10,971 Mortgage 135,254 (35,654) (19,106) 87 (1,205) 12,528 - 91,904 Leasing 20,618 (35) (7,023) - (6,249) 2,887 - 10,198 Consumer Credit cards 58,670 - 35,902 - (27,999) 6,578 (601) 72,550 Home equity lines of credit 2,542 - (526) - (530) 901 - 2,387 Personal 118,426 (8,160) 70,366 - (63,534) 9,018 - 126,116 Auto 129,735 (21) 45,108 - (34,770) 15,384 - 155,436 Other 15,435 - 3,431 - (11,998) 572 - 7,440 Total Consumer 324,808 (8,181) 154,281 - (138,831) 32,453 (601) 363,929 Total - Loans $ 720,302 $ (45,583) $ 126,321 $ 87 $ (160,239) $ 70,781 $ (601) $ 711,068 Allowance for credit losses - unfunded commitments: Commercial $ 5,511 $ - $ 922 $ - $ - $ - $ - $ 6,433 Construction 3,206 - 3,591 - - - - 6,797 Consumer 88 - (34) - - - - 54 Ending balance - unfunded commitments [1] $ 8,805 $ - $ 4,479 $ - $ - $ - $ - $ 13,284 [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 September 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 $ 3,522 $ 682 $ - $ - $ - $ 4,204 Commercial real estate non-owner occupied 50,393 2,689 - - 368 53,450 Commercial real estate owner occupied 49,472 (5,438) - (24) 2,419 46,429 Commercial and industrial 50,160 9,145 - (4,794) 3,181 57,692 Total Commercial 153,547 7,078 - (4,818) 5,968 161,775 Construction 3,074 1,181 - - - 4,255 Mortgage 130,030 (11,648) 59 (1,720) 3,885 120,606 Leasing 19,037 2,115 - (2,191) 853 19,814 Consumer Credit cards 45,339 12,353 - (6,669) 2,186 53,209 Home equity lines of credit 90 (128) - - 129 91 Personal 74,799 17,139 - (9,963) 1,736 83,711 Auto 137,222 (770) - (11,238) 3,863 129,077 Other 17,439 1,374 - (610) 193 18,396 Total Consumer 274,889 29,968 - (28,480) 8,107 284,484 Total - Loans $ 580,577 $ 28,694 $ 59 $ (37,209) $ 18,813 $ 590,934 Allowance for credit losses - unfunded commitments: Commercial $ 2,032 $ 868 $ - $ - $ - $ 2,900 Construction 1,534 349 - - - 1,883 Ending balance - unfunded commitments [1] $ 3,566 $ 1,217 $ - $ - $ - $ 4,783 [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 September 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 $ 20,571 $ 1,138 $ - $ 8 $ 21,717 Commercial real estate non-owner occupied 14,284 11,187 - 2 25,473 Commercial real estate owner occupied 9,076 (120) - 26 8,982 Commercial and industrial 12,152 (717) (720) 1,195 11,910 Total Commercial 56,083 11,488 (720) 1,231 68,082 Construction 3,839 (1,895) - - 1,944 Mortgage 18,275 (370) - 23 17,928 Consumer Home equity lines of credit 3,455 (1,340) (47) 954 3,022 Personal 19,520 2,901 (1,528) 291 21,184 Other 1 41 (48) 8 2 Total Consumer 22,976 1,602 (1,623) 1,253 24,208 Total - Loans $ 101,173 $ 10,825 $ (2,343) $ 2,507 $ 112,162 Allowance for credit losses - unfunded commitments: Commercial $ 1,317 $ (201) $ - $ - $ 1,116 Construction 1,961 (650) - - 1,311 Consumer 60 37 - - 97 Ending balance - unfunded commitments [1] $ 3,338 $ (814) $ - $ - $ 2,524 [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 September 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 $ 24,093 $ 1,820 $ - $ - $ 8 $ 25,921 Commercial real estate non-owner occupied 64,677 13,876 - - 370 78,923 Commercial real estate owner occupied 58,548 (5,558) - (24) 2,445 55,411 Commercial and industrial 62,312 8,428 - (5,514) 4,376 69,602 Total Commercial 209,630 18,566 - (5,538) 7,199 229,857 Construction 6,913 (714) - - - 6,199 Mortgage 148,305 (12,018) 59 (1,720) 3,908 138,534 Leasing 19,037 2,115 - (2,191) 853 19,814 Consumer Credit cards 45,339 12,353 - (6,669) 2,186 53,209 Home equity lines of credit 3,545 (1,468) - (47) 1,083 3,113 Personal 94,319 20,040 - (11,491) 2,027 104,895 Auto 137,222 (770) - (11,238) 3,863 129,077 Other 17,440 1,415 - (658) 201 18,398 Total Consumer 297,865 31,570 - (30,103) 9,360 308,692 Total - Loans $ 681,750 $ 39,519 $ 59 $ (39,552) $ 21,320 $ 703,096 Allowance for credit losses - unfunded commitments: Commercial $ 3,349 $ 667 $ - $ - $ - $ 4,016 Construction 3,495 (301) - - - 3,194 Consumer 60 37 - - - 97 Ending balance - unfunded commitments [1] $ 6,904 $ 403 $ - $ - $ - $ 7,307 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 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 $ 1,154 $ - $ - $ - $ 4,204 Commercial real estate non-owner occupied 45,211 7,024 - (30) 1,245 53,450 Commercial real estate owner occupied 54,176 (13,907) - (977) 7,137 46,429 Commercial and industrial 49,491 6,784 - (5,660) 7,077 57,692 Total Commercial 151,928 1,055 - (6,667) 15,459 161,775 Construction 1,641 1,803 - - 811 4,255 Mortgage 138,286 (28,129) 841 (4,408) 14,016 120,606 Leasing 17,578 3,807 - (4,094) 2,523 19,814 Consumer Credit cards 43,499 21,688 - (18,770) 6,792 53,209 Home equity lines of credit 98 (213) - (164) 370 91 Personal 71,022 32,353 - (25,069) 5,405 83,711 Auto 154,498 (10,793) - (26,766) 12,138 129,077 Other 15,612 3,590 - (1,555) 749 18,396 Total Consumer 284,729 46,625 - (72,324) 25,454 284,484 Total - Loans $ 594,162 $ 25,161 $ 841 $ (87,493) $ 58,263 $ 590,934 Allowance for credit losses - unfunded commitments: Commercial $ 1,751 $ 1,149 $ - $ - $ - $ 2,900 Construction 2,388 (505) - - - 1,883 Ending balance - unfunded commitments [1] $ 4,139 $ 644 $ - $ - $ - $ 4,783 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 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 $ (3,721) $ - $ 20 $ 21,717 Commercial real estate non-owner occupied 22,246 3,208 - 19 25,473 Commercial real estate owner occupied 6,053 2,681 - 248 8,982 Commercial and industrial 10,160 1,036 (1,244) 1,958 11,910 Total Commercial 63,877 3,204 (1,244) 2,245 68,082 Construction 4,722 (3,910) - 1,132 1,944 Mortgage 16,192 1,756 (68) 48 17,928 Consumer Credit cards - (10) - 10 - Home equity lines of credit 3,708 (2,974) (99) 2,387 3,022 Personal 12,700 11,604 (3,985) 865 21,184 Other 5 144 (172) 25 2 Total Consumer 16,413 8,764 (4,256) 3,287 24,208 Total - Loans $ 101,204 $ 9,814 $ (5,568) $ 6,712 $ 112,162 Allowance for credit losses - unfunded commitments: Commercial $ 1,384 $ (268) $ - $ - $ 1,116 Construction 2,337 (1,026) - - 1,311 Consumer 37 60 - - 97 Ending balance - unfunded commitments [1] $ 3,758 $ (1,234) $ - $ - $ 2,524 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the nine months ended September 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 $ (2,567) $ - $ - $ 20 $ 25,921 Commercial real estate non-owner occupied 67,457 10,232 - (30) 1,264 78,923 Commercial real estate owner occupied 60,229 (11,226) - (977) 7,385 55,411 Commercial and industrial 59,651 7,820 - (6,904) 9,035 69,602 Total Commercial 215,805 4,259 - (7,911) 17,704 229,857 Construction 6,363 (2,107) - - 1,943 6,199 Mortgage 154,478 (26,373) 841 (4,476) 14,064 138,534 Leasing 17,578 3,807 - (4,094) 2,523 19,814 Consumer Credit cards 43,499 21,678 - (18,770) 6,802 53,209 Home equity lines of credit 3,806 (3,187) - (263) 2,757 3,113 Personal 83,722 43,957 - (29,054) 6,270 104,895 Auto 154,498 (10,793) - (26,766) 12,138 129,077 Other 15,617 3,734 - (1,727) 774 18,398 Total Consumer 301,142 55,389 - (76,580) 28,741 308,692 Total - Loans $ 695,366 $ 34,975 $ 841 $ (93,061) $ 64,975 $ 703,096 Allowance for credit losses - unfunded commitments: Commercial $ 3,135 $ 881 $ - $ - $ - $ 4,016 Construction 4,725 (1,531) - - - 3,194 Consumer 37 60 - - - 97 Ending balance - unfunded commitments [1] $ 7,897 $ (590) $ - $ - $ - $ 7,307 [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 September 30, 2023 amounted to $ 17 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 nine months ended September 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 September 30,2023 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable CRE owner occupied $ 141,807 10.07 % $ - - % $ 141,807 4.66 % Commercial and industrial 43 - % - - % 43 - % Mortgage 76 - % - - % 76 - % Consumer: Credit cards 154 0.01 % - - % 154 0.01 % Personal 247 0.01 % - - % 247 0.01 % Total $ 142,327 0.60 % $ - - % $ 142,327 0.42 % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 8,760 0.30 % $ - - % $ 8,760 0.17 % CRE owner occupied 2,667 0.19 % 10,847 0.66 % 13,514 0.44 % Commercial and industrial 16,535 0.38 % - - % 16,535 0.25 % Mortgage 17,057 0.27 % 933 0.07 % 17,990 0.24 % Consumer: Personal 122 0.01 % - - % 122 0.01 % Total $ 45,141 0.19 % $ 11,780 0.11 % $ 56,921 0.17 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable CRE owner occupied $ 8,980 0.64 % $ - - % $ 8,980 0.29 % Commercial and industrial 3,287 0.08 % - - % 3,287 0.05 % Total $ 12,267 0.05 % $ - - % $ 12,267 0.04 % Combination - Term extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 18,705 0.63 % $ - - % $ 18,705 0.37 % CRE owner occupied 14,683 1.04 % - - % 14,683 0.48 % Commercial and industrial 558 0.01 % - - % 558 0.01 % Mortgage 7,691 0.12 % - - % 7,691 0.10 % Consumer: Personal 815 0.05 % 11 0.01 % 826 0.04 % Total $ 42,452 0.18 % $ 11 - % $ 42,463 0.12 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction Puerto Rico Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 182 0.01 % $ - - % $ 182 - % Commercial and industrial 78 - % - - % 78 - % Consumer: Credit cards 195 - % - - % 195 0.02 % Total $ 455 - % $ - - % $ 455 - % Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the nine months ended September 30,2023 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable CRE owner occupied $ 141,807 10.07 % $ - - % $ 141,807 4.66 % Commercial and industrial 43 - % - - % 43 - % Mortgage 302 - % - - % 302 - % Consumer: Credit cards 565 0.05 % - - % 565 0.05 % Personal 540 0.03 % 3 - % 543 0.03 % Other 3 - % - - % 3 - % Total $ 143,260 0.60 % $ 3 - % $ 143,263 0.42 % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 33,059 1.12 % $ - - % $ 33,059 0.66 % CRE owner occupied 4,293 0.30 % 26,509 1.62 % 30,802 1.01 % Commercial and industrial 38,713 0.89 % - - % 38,713 0.59 % Construction 2,169 1.27 % 5,309 0.71 % 7,478 0.81 % Mortgage 41,916 0.67 % 5,423 0.42 % 47,339 0.62 % Consumer: Personal 196 0.01 % 129 0.07 % 325 0.02 % Auto 36 - % - - % 36 - % Total $ 120,382 0.51 % $ 37,370 0.36 % $ 157,752 0.46 % Principal Forgiveness BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable CRE owner occupied $ 18 - % $ - - % $ 18 - % Total $ 18 - % $ - - % $ 18 - % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 1,736 0.06 % $ - - % $ 1,736 0.03 % CRE owner occupied 12,833 0.91 % 13,556 0.83 % 26,389 0.87 % Commercial and industrial 4,653 0.11 % 828 0.04 % 5,481 0.08 % Mortgage 137 - % - - % 137 - % Consumer: Other 31 0.02 % - - % 31 0.02 % Total $ 19,390 0.08 % $ 14,384 0.14 % $ 33,774 0.10 % Combination - Term extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 18,705 0.63 % $ - - % $ 18,705 0.37 % CRE owner occupied 14,784 1.05 % - - % 14,784 0.49 % Commercial and industrial 614 0.01 % - - % 614 0.01 % Mortgage 29,044 0.46 % 407 0.03 % 29,451 0.39 % Consumer: Personal 1,711 0.10 % 43 0.02 % 1,754 0.09 % Auto 27 - % - - % 27 - % Total $ 64,885 0.27 % $ 450 - % $ 65,335 0.19 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction Puerto Rico Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable CRE non-owner occupied $ 182 0.01 % $ - - % $ 182 - % Commercial and industrial 153 - % - - % 153 - % Consumer: Credit cards 587 0.05 % - - % 587 0.05 % Total $ 922 - % $ - - % $ 922 - % Combination - Other-Than-Insignificant Payment Delays and Principal Forgiveness Puerto Rico Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable Amortized Cost Basis at September 30,2023 % of total class of Financing Receivable CRE owner occupied $ 195 0.01 % $ - - % $ 195 0.01 % Total $ 195 - % $ - - % $ 195 - % The following table describes the financial effect of the modifications made to borrowers experiencing financial difficulties: For the quarter ended September 30, 2023 Interest rate reduction Loan Type Financial Effect CRE Non-owner occupied Reduced weighted-average contractual interest rate from 9 .0% to 7.2 %. CRE Owner occupied Reduced weighted-average contractual interest rate from 8.4 % to 6.6 %. Commercial and industrial Reduced weighted-average contractual interest rate from 12.5 % to 7.6 %. Mortgage Reduced weighted-average contractual interest rate from 5.7 % to 4.2 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 19.6 % to 3.6 %. Personal Reduced weighted-average contractual interest rate from 17 .0% to 9.1 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 28 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 3 year 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 7 years to the life of loans. Other than insignificant payment delay Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 7 months to the life of loans. CRE Owner occupied Added a weighted-average of 10 months to the life of loans. Commercial and industrial Added a weighted-average of 7 months to the life of loans. Consumer: Credit cards Added a weighted-average of 29 months to the life of loans. For the nine months ended September 30, 2023 Interest rate reduction Loan Type Financial Effect CRE Non-owner occupied Reduced weighted-average contractual interest rate from 9 .0% to 7.2 %. CRE Owner occupied Reduced weighted-average contractual interest rate from 8.4 % to 6.6 %. Commercial and industrial Reduced weighted-average contractual interest rate from 14 .0% to 7.7 %. Mortgage Reduced weighted-average contractual interest rate from 5.7 % to 4.2 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 18 .0% to 4.3 %. Personal Reduced weighted-average contractual interest rate from 18 .0% to 9.7 %. Auto Reduced weighted-average contractual interest rate from 12.64 % to 12.62 %. Other Reduced weighted-average contractual interest rate from 18 .0% to 0.0%. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 19 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 2 years 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 7 years to the life of loans. Auto Added a weighted-average of 3 years to the life of loans. Principal forgiveness Loan Type Financial Effect CRE Owner occupied Reduced the amortized cost basis of the loans by $ 0.1 million. 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 8 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 26 months to the life of loans. Other Added a weighted-average of 11 months to the life of loans. The following table presents, by class, the performance of loans that have been modified in the last nine months at September 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 September 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 $ - $ - $ 122 $ 122 $ 53,560 $ 53,682 $ - $ 122 CRE Owner occupied - - 2,488 2,488 171,442 173,930 - 2,488 Commercial and industrial - - 1,735 1,735 42,441 44,176 729 1,006 Construction - - - - 2,169 2,169 - - Mortgage 4,913 2,572 22,291 29,776 41,623 71,399 4,196 18,095 Consumer: Credit cards 117 87 130 334 818 1,152 93 37 Personal 48 19 550 617 1,830 2,447 - 550 Auto - - 11 11 52 63 - 11 Other - - 31 31 3 34 31 - Total $ 5,078 $ 2,678 $ 27,358 $ 35,114 $ 313,938 $ 349,052 $ 5,049 $ 22,309 [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 September 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 $ - $ - $ - $ - $ 40,065 $ 40,065 $ - $ - Commercial and industrial - - - - 828 828 - - Construction - - - - 5,309 5,309 - - Mortgage - - 334 334 5,496 5,830 103 231 Consumer: Personal - - 129 129 46 175 - 129 Total $ - $ - $ 463 $ 463 $ 51,744 $ 52,207 $ 103 $ 360 [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 September 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 $ - $ - $ 122 $ 122 $ 53,560 $ 53,682 $ - $ 122 CRE Owner occupied - - 2,488 2,488 211,507 213,995 - 2,488 Commercial and industrial - - 1,735 1,735 43,269 45,004 729 1,006 Construction - - - - 7,478 7,478 - - Mortgage 4,913 2,572 22,625 30,110 47,119 77,229 4,299 18,326 Consumer: Credit cards 117 87 130 334 818 1,152 93 37 Personal 48 19 679 746 1,876 2,622 - 679 Auto - - 11 11 52 63 - 11 Other - - 31 31 3 34 31 - Total $ 5,078 $ 2,678 $ 27,821 $ 35,577 $ 365,682 $ 401,259 $ 5,152 $ 22,669 [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. During the nine months ended September 30, 2023, five loans with an aggregate unpaid principal balance of $ 6.6 million were restructured into multiple notes (“Note A / B split”) , compared to three loans with an aggregate unpaid principal balance of $ 2.7 million during the nine months ended September 30, 2022. No charge-offs were recorded as part of Note A / B splits during 2023 and 2022. These loans were restructured after analyzing the borrowers’ capacity to repay the debt, collateral and ability to perform under the modified terms. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. During the quarter and nine months ended September 30, 2023, the outstanding balance of loans modified for borrowers under financial difficulties that were subject to payment default during the nine months preceding the default date was $ 5 million and $ 6 million, respectively. For the quarter ended September 30, 2023, extension of maturity and the combination of reduction of interest rate and extension of maturity amounted to $ 4 million and $ 1 million, respectively, of the outstanding balance of loans modified for borrowers under financial difficulties that were subject to payment default during the nine months preceding the default date. For the nine months ended September 30, 2023, extension of maturity and the combination of reduction of interest rate and extension of maturity amounted to $ 5 million and $ 1 million, respectively, of the outstanding balance of loans modified for borrowers under financial difficulties that were subject to payment default during the nine months preceding the default date. 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 nine months ended September 30, 2022. Loans modified as TDRs for the U.S. operations are considered insignificant to the Corporation. Popular Inc. For the quarter ended September 30, 2022 For the nine months ended September 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 - - 2 - - 1 2 2 Commercial real estate owner occupied 1 3 - 2 2 9 1 2 Commercial and industrial - 3 - - 3 8 1 11 Mortgage 2 63 210 2 6 128 715 3 Leasing - - - - - - 1 - Consumer: Credit cards 7 - - 10 31 - - 32 Personal 28 4 1 - 82 60 1 1 Auto - - - - - 1 - - Total 38 73 213 14 124 207 721 51 The following table presents, by class, quantitative information related to loans modified as TDRs during the quarter and nine months ended September 30, 2022. Popular, Inc. For the quarter ended September 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 $ 1,327 $ 1,326 $ 10 Commercial real estate owner occupied 6 2,488 2,471 (47) Commercial and industrial 3 123 117 7 Mortgage 277 28,990 30,192 1,032 Consumer: Credit cards 17 157 154 1 Personal 33 542 539 146 Total 338 $ 33,627 $ 34,799 $ 1,149 Popular, Inc. For the nine months ended September 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 5 $ 4,779 $ 4,777 $ 15 Commercial real estate owner occupied 14 15,594 15,567 (2,120) Commercial and industrial 23 49,625 49,425 2,067 Mortgage 852 93,773 96,918 3,143 Leasing 1 14 12 2 Consumer: Credit cards 63 567 599 8 Personal 144 2,223 2,297 411 Auto 1 28 28 5 Total 1,103 $ 166,603 $ 169,623 $ 3,531 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 September 30, 2022 Defaulted during the nine months ended September 30, 2022 (In thousands) Loan count Recorded investment as of first default date Loan count Recorded Investment as of first default date Commercial real estate owner occupied 1 $ 560 1 $ 560 Commercial and industrial 2 1,165 5 3,661 Mortgage 35 3,500 73 9,200 Leasing 1 5 1 5 Consumer: Credit cards 4 32 24 185 Personal 15 160 34 558 Total 58 $ 5,422 138 $ 14,169 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 September 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: September 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 $ - $ - $ - $ - $ 4,132 $ 4,291 $ - $ - $ 8,423 Special Mention - - - - - 5,817 - - 5,817 Substandard - - - - - 3,048 100 - 3,148 Pass 38,060 139,784 22,604 20,572 29,751 26,368 287 - 277,426 Total commercial multi-family $ 38,060 $ 139,784 $ 22,604 $ 20,572 $ 33,883 $ 39,524 $ 387 $ - $ 294,814 Commercial real estate non-owner occupied Watch $ 2,611 $ 345 $ 14,870 $ 22,895 $ 14,387 $ 42,474 $ - $ - $ 97,582 Special Mention 652 - 25,120 63 65,283 55,662 3,563 - 150,343 Substandard 19,724 1,356 - 2,243 - 25,986 - - 49,309 Pass 215,640 881,595 555,185 363,551 44,464 584,724 6,488 - 2,651,647 Total commercial real estate non- owner occupied $ 238,627 $ 883,296 $ 595,175 $ 388,752 $ 124,134 $ 708,846 $ 10,051 $ - $ 2,948,881 Year-to-Date gross write-offs $ - $ - $ - $ 609 $ - $ 27 $ - $ - $ 636 Commercial real estate owner occupied Watch $ 1,673 $ 11,674 $ 25,306 $ 8,021 $ 3,578 $ 65,433 $ 900 $ - $ 116,585 Special Mention - 16,697 6,082 143,558 996 56,793 13,069 - 237,195 Substandard 916 15,967 2,130 324 657 71,111 - - 91,105 Doubtful - - - - - 225 - - 225 Pass 54,152 188,715 234,029 52,294 26,558 396,965 9,730 - 962,443 Total commercial real estate owner occupied $ 56,741 $ 233,053 $ 267,547 $ 204,197 $ 31,789 $ 590,527 $ 23,699 $ - $ 1,407,553 Year-to-Date gross write-offs $ - $ 4 $ - $ - $ 1 $ 520 $ - $ - $ 525 Commercial and industrial Watch $ 5,085 $ 20,271 $ 6,051 $ 2,791 $ 16,548 $ 78,294 $ 78,361 $ - $ 207,401 Special Mention 85 3,519 3,549 6,157 2,057 42,415 10,696 - 68,478 Substandard 5,698 2,011 6,457 19,449 2,130 34,171 33,556 - 103,472 Doubtful - - - 54 - 30 - - 84 Loss - - - - - - 354 - 354 Pass 679,029 688,800 522,132 246,230 132,643 265,712 1,415,483 - 3,950,029 Total commercial and industrial $ 689,897 $ 714,601 $ 538,189 $ 274,681 $ 153,378 $ 420,622 $ 1,538,450 $ - $ 4,329,818 Year-to-Date gross write-offs $ 784 $ 184 $ 140 $ 317 $ 398 $ 287 $ 2,869 $ - $ 4,979 Construction Watch $ - $ 17,156 $ 8,693 $ - $ - $ - $ 20,485 $ - $ 46,334 Substandard - 6,578 - 2,169 - - $ - - 8,747 Pass 14,035 21,688 33,249 11,843 2,308 1,056 31,247 - 115,426 Total construction $ 14,035 $ 45,422 $ 41,942 $ 14,012 $ 2,308 $ 1,056 $ 51,732 $ - $ 170,507 Year-to-Date gross write-offs $ - $ 2,611 $ - $ - $ - $ - $ - $ - $ 2,611 Mortgage Substandard $ - $ 161 $ 515 $ 372 $ 2,923 $ 76,022 $ - $ - $ 79,993 Pass 537,050 443,989 430,508 262,407 167,447 4,367,874 - - 6,209,275 Total mortgage $ 537,050 $ 444,150 $ 431,023 $ 262,779 $ 170,370 $ 4,443,896 $ - $ - $ 6,289,268 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 1,205 $ - $ - $ 1,205 September 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 $ 146 $ 2,269 $ 1,912 $ 923 $ 946 $ 568 $ - $ - $ 6,764 Loss - 48 - - 29 - - - 77 Pass 508,378 522,978 341,119 180,280 101,777 36,741 - - 1,691,273 Total leasing $ 508,524 $ 525,295 $ 343,031 $ 181,203 $ 102,752 $ 37,309 $ - $ - $ 1,698,114 Year-to-Date gross write-offs $ 391 $ 2,638 $ 1,871 $ 530 $ 473 $ 346 $ - $ - $ 6,249 Consumer: Credit cards Substandard $ - $ - $ - $ - $ - $ - $ 17,717 $ - $ 17,717 Loss - - - - - - 2 - 2 Pass - - - - - - 1,059,692 - 1,059,692 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,077,411 $ - $ 1,077,411 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 27,998 $ - $ 27,998 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 2,474 $ - $ 2,474 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,474 $ - $ 2,474 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 111 $ - $ 111 Personal Substandard $ 677 $ 4,223 $ 2,077 $ 604 $ 1,217 $ 8,854 $ - $ 1,104 $ 18,756 Loss 30 10 48 - 25 21 - - 134 Pass 700,994 562,370 210,731 66,531 71,178 109,046 - 23,262 1,744,112 Total Personal $ 701,701 $ 566,603 $ 212,856 $ 67,135 $ 72,420 $ 117,921 $ - $ 24,366 $ 1,763,002 Year-to-Date gross write-offs $ 1,055 $ 23,867 $ 13,973 $ 3,395 $ 3,834 $ 2,305 $ - $ 1,012 $ 49,441 Auto Substandard $ 3,213 $ 12,306 $ 11,389 $ 8,665 $ 7,369 $ 3,735 $ - $ - $ 46,677 Loss 11 118 18 55 32 25 - - 259 Pass 941,464 964,237 770,038 449,165 299,099 162,257 - - 3,586,260 Total Auto $ 944,688 $ 976,661 $ 781,445 $ 457,885 $ 306,500 $ 166,017 $ - $ - $ 3,633,196 Year-to-Date gross write-offs $ 3,625 $ 16,278 $ 8,276 $ 4,353 $ 2,238 $ - $ - $ - $ 34,770 Other consumer Substandard $ - $ 28 $ - $ 82 $ 17 $ 1,151 $ 267 $ - $ 1,545 Loss - - 137 - - 499 - - 636 Pass 30,668 24,809 15,498 5,941 3,537 3,843 61,055 - 145,351 Total Other consumer $ 30,668 $ 24,837 $ 15,635 $ 6,023 $ 3,554 $ 5,493 $ 61,322 $ - $ 147,532 Year-to-Date gross write-offs $ 20 $ 117 $ 80 $ 133 $ 53 $ 11,452 $ - $ - $ 11,855 Total BPPR $ 3,759,991 $ 4,553,702 $ 3,249,447 $ 1,877,239 $ 1,001,088 $ 6,531,211 $ 2,765,526 $ 24,366 $ 23,762,570 September 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 $ - $ 742 $ - $ 3,672 $ 51,264 $ 59,944 $ - $ - $ 115,622 Special Mention - - 867 1,178 - 16,681 - - 18,726 Substandard - - - - 14,747 16,003 - - 30,750 Pass 69,117 525,927 367,965 233,949 216,481 450,809 4,273 - 1,868,521 Total commercial multi-family $ 69,117 $ 526,669 $ 368,832 $ 238,799 $ 282,492 $ 543,437 $ 4,273 $ - $ 2,033,619 Commercial real estate non-owner occupied Watch $ - $ 5,500 $ 4,228 $ 729 $ 10,991 $ 44,329 $ - $ - $ 65,777 Special Mention - - - - 1,333 68,433 - - 69,766 Substandard - - - 8,112 1,718 3,210 - - 13,040 Pass 369,327 542,901 205,752 245,659 116,282 447,229 10,516 - 1,937,666 Total commercial real estate non- owner occupied $ 369,327 $ 548,401 $ 209,980 $ 254,500 $ 130,324 $ 563,201 $ 10,516 $ - $ 2,086,249 Commercial real estate owner occupied Watch $ - $ - $ 78,483 $ 1,177 $ - $ 124,940 $ - $ - $ 204,600 Special Mention - - - 3,809 6,114 114 - - 10,037 Substandard - 481 - - 7,288 49,957 - - 57,726 Pass 221,117 357,451 322,609 112,290 76,200 266,381 8,941 - 1,364,989 Total commercial real estate owner occupied $ 221,117 $ 357,932 $ 401,092 $ 117,276 $ 89,602 $ 441,392 $ 8,941 $ - $ 1,637,352 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 1,395 $ - $ - $ 1,395 Commercial and industrial Watch $ 2,594 $ 8,238 $ 3,940 $ 1,024 $ 1,208 $ 3,748 $ 9,507 $ - $ 30,259 Special Mention 368 621 1,074 37 171 47 - - 2,318 Substandard - 259 209 186 1,773 1,867 2,428 - 6,722 Pass 94,717 276,872 366,679 326,315 176,132 495,831 421,419 - 2,157,965 Total commercial and industrial $ 97,679 $ 285,990 $ 371,902 $ 327,562 $ 179,284 $ 501,493 $ 433,354 $ - $ 2,197,264 Year-to-Date gross write-offs $ 247 $ 221 $ 1,994 $ - $ 1,307 $ - $ 39 $ - $ 3,808 Construction Watch $ - $ - $ 18,542 $ - $ - $ - $ - $ - $ 18,542 Special Mention - - - - - 34,562 - - 34,562 Substandard - - 5,213 3,214 - 2,095 - - 10,522 Pass 180,508 305,886 121,838 28,119 50,844 784 - - 687,979 Total construction $ 180,508 $ 305,886 $ 145,593 $ 31,333 $ 50,844 $ 37,441 $ - $ - $ 751,605 Mortgage Substandard $ - $ - $ - $ - $ 2,168 $ 9,812 $ - $ - $ 11,980 Pass 75,875 226,204 291,991 237,859 179,085 272,849 - - 1,283,863 Total mortgage $ 75,875 $ 226,204 $ 291,991 $ 237,859 $ 181,253 $ 282,661 $ - $ - $ 1,295,843 September 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 $ - $ - $ - $ - $ - $ 1,906 $ - $ 1,046 $ 2,952 Loss - - - - - 99 - 1,034 1,133 Pass - - - - - 7,592 40,796 12,552 60,940 Total HELOCs $ - $ - $ - $ - $ - $ 9,597 $ 40,796 $ 14,632 $ 65,025 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 419 $ - $ - $ 419 Personal Substandard $ 327 $ 1,183 $ 379 $ 88 $ 121 $ 218 $ - $ - $ 2,316 Loss 69 13 - - - 238 - - 320 Pass 36,704 110,755 28,371 3,750 5,358 1,592 - - 186,530 Total Personal $ 37,100 $ 111,951 $ 28,750 $ 3,838 $ 5,479 $ 2,048 $ - $ - $ 189,166 Year-to-Date gross write-offs $ 137 $ 9,218 $ 3,319 $ 518 $ 758 $ 143 $ - $ - $ 14,093 Other consumer Substandard $ - $ - $ - $ - $ - $ - $ 402 $ - $ 402 Pass 20 - - - - - 10,181 - 10,201 Total Other consumer $ 20 $ - $ - $ - $ - $ - $ 10,583 $ - $ 10,603 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 143 $ - $ 143 Total Popular U.S. $ 1,050,743 $ 2,363,033 $ 1,818,140 $ 1,211,167 $ 919,278 $ 2,381,270 $ 508,480 $ 14,632 $ 10,266,743 September 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 $ - $ 742 $ - $ 3,672 $ 55,396 $ 64,235 $ - $ - $ 124,045 Special Mention - - 867 1,178 - 22,498 - - 24,543 Substandard - - - - 14,747 19,051 100 - 33,898 Pass 107,177 665,711 390,569 254,521 246,232 477,177 4,560 - 2,145,947 Total commercial multi-family $ 107,177 $ 666,453 $ 391,436 $ 259,371 $ 316,375 $ 582,961 $ 4,660 $ - $ 2,328,433 Commercial real estate non-owner occupied Watch $ 2,611 $ 5,845 $ 19,098 $ 23,624 $ 25,378 $ 86,803 $ - $ - $ 163,359 Special Mention 652 - 25,120 63 66,616 124,095 3,563 - 220,109 Substandard 19,724 1,356 - 10,355 1,718 29,196 - - 62,349 Pass 584,967 1,424,496 760,937 609,210 160,746 1,031,953 17,004 - 4,589,313 Total commercial real estate non- owner occupied $ 607,954 $ 1,431,697 $ 805,155 $ 643,252 $ 254,458 $ 1,272,047 $ 20,567 $ - $ 5,035,130 Year-to-Date gross write-offs $ - $ - $ - $ 609 $ - $ 27 $ - $ - $ 636 Commercial real estate owner occupied Watch $ 1,673 $ 11,674 $ 103,789 $ 9,198 $ 3,578 $ 190,373 $ 900 $ - $ 321,185 Special Mention - 16,697 6,082 147,367 7,110 56,907 13,069 - 247,232 Substandard 916 16,448 2,130 324 7,945 121,068 - - 148,831 Doubtful - - - - - 225 - - 225 Pass 275,269 546,166 556,638 164,584 102,758 663,346 18,671 - 2,327,432 Total commercial real estate owner occupied $ 277,858 $ 590,985 $ 668,639 $ 321,473 $ 121,391 $ 1,031,919 $ 32,640 $ - $ 3,044,905 Year-to-Date gross write-offs $ - $ 4 $ - $ - $ 1 $ 1,915 $ - $ - $ 1,920 Commercial and industrial Watch $ 7,679 $ 28,509 $ 9,991 $ 3,815 $ 17,756 $ 82,042 $ 87,868 $ - $ 237,660 Special Mention 453 4,140 4,623 6,194 2,228 42,462 10,696 - 70,796 Substandard 5,698 2,270 6,666 19,635 3,903 36,038 35,984 - 110,194 Doubtful - - - 54 - 30 - - 84 Loss - - - - - - 354 - 354 Pass 773,746 965,672 888,811 572,545 308,775 761,543 1,836,902 - 6,107,994 Total commercial and industrial $ 787,576 $ 1,000,591 $ 910,091 $ 602,243 $ 332,662 $ 922,115 $ 1,971,804 $ - $ 6,527,082 Year-to-Date gross write-offs $ 1,031 $ 405 $ 2,134 $ 317 $ 1,705 $ 287 $ 2,908 $ - $ 8,787 September 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 $ - $ 17,156 $ 27,235 $ - $ - $ - $ 20,485 $ - $ 64,876 Special Mention - - - - - 34,562 - - 34,562 Substandard - 6,578 5,213 5,383 - 2,095 - - 19,269 Pass 194,543 327,574 155,087 39,962 53,152 1,840 31,247 - 803,405 Total construction $ 194,543 $ 351,308 $ 187,535 $ 45,345 $ 53,152 $ 38,497 $ 51,732 $ - $ 922,112 Year-to-Date gross write-offs $ - $ 2,611 $ - $ - $ - $ - $ - $ - $ 2,611 Mortgage Substandard $ - $ 161 $ 515 $ 372 $ 5,091 $ 85,834 $ - $ - $ 91,973 Pass 612,925 670,193 722,499 500,266 346,532 4,640,723 - - 7,493,138 Total mortgage $ 612,925 $ 670,354 $ 723,014 $ 500,638 $ 351,623 $ 4,726,557 $ - $ - $ 7,585,111 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 1,205 $ - $ - $ 1,205 Leasing Substandard $ 146 $ 2,269 $ 1,912 $ 923 $ 946 $ 568 $ - $ - $ 6,764 Loss - 48 - - 29 - - - 77 Pass 508,378 522,978 341,119 180,280 101,777 36,741 - - 1,691,273 Total leasing $ 508,524 $ 525,295 $ 343,031 $ 181,203 $ 102,752 $ 37,309 $ - $ - $ 1,698,114 Year-to-Date gross write-offs $ 391 $ 2,638 $ 1,871 $ 530 $ 473 $ 346 $ - $ - $ 6,249 September 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 $ - $ - $ - $ - $ - $ - $ 17,717 $ - $ 17,717 Loss - - - - - - 2 - 2 Pass - - - - - - 1,059,709 - 1,059,709 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,077,428 $ - $ 1,077,428 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 27,999 $ - $ 27,999 HELOCs Substandard $ - $ - $ - $ - $ - $ 1,906 $ - $ 1,046 $ 2,952 Loss - - - - - 99 - 1,034 1,133 Pass - - - - - 7,592 43,270 12,552 63,414 Total HELOCs $ - $ - $ - $ - $ - $ 9,597 $ 43,270 $ 14,632 $ 67,499 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 419 $ 111 $ - $ 530 Personal Substandard $ 1,004 $ 5,406 $ 2,456 $ 692 $ 1,338 $ 9,072 $ - $ 1,104 $ 21,072 Loss 99 23 48 - 25 259 - - 454 Pass 737,698 673,125 239,102 70,281 76,536 110,638 - 23,262 1,930,642 Total Personal $ 738,801 $ 678,554 $ 241,606 $ 70,973 $ 77,899 $ 119,969 $ - $ 24,366 $ 1,952,168 Year-to-Date gross write-offs $ 1,192 $ 33,085 $ 17,292 $ 3,913 $ 4,592 $ 2,448 $ - $ 1,012 $ 63,534 Auto Substandard $ 3,213 $ 12,306 $ 11,389 $ 8,665 $ 7,369 $ 3,735 $ - $ - $ 46,677 Loss 11 118 18 55 32 25 - - 259 Pass 941,464 964,237 770,038 449,165 299,099 162,257 - - 3,586,260 Total Auto $ 944,688 $ 976,661 $ 781,445 $ 457,885 $ 306,500 $ 166,017 $ - $ - $ 3,633,196 Year-to-Date gross write-offs $ 3,625 $ 16,278 $ 8,276 $ 4,353 $ 2,238 $ - $ - $ - $ 34,770 Other consumer Substandard $ - $ 28 $ - $ 82 $ 17 $ 1,151 $ 669 $ - $ 1,947 Loss - - 137 - - 499 - - 636 Pass 30,688 24,809 15,498 5,941 3,537 3,843 71,236 - 155,552 Total Other consumer $ 30,688 $ 24,837 $ 15,635 $ 6,023 $ 3,554 $ 5,493 $ 71,905 $ - $ 158,135 Year-to-Date gross write-offs $ 20 $ 117 $ 80 $ 133 $ 53 $ 11,452 $ 143 $ - $ 11,998 Total Popular Inc. $ 4,810,734 $ 6,916,735 $ 5,067,587 $ 3,088,406 $ 1,920,366 $ 8,912,481 $ 3,274,006 $ 38,998 $ 34,029,313 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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