XML 120 R87.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Leases (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Leases [Abstract] |
Lease Liability Maturity | The following table presents the undiscounted cash flows of operating and finance leases for each of the following periods: December 31, 2023 (In thousands) 2024 2025 2026 2027 2028 Later Years Total Lease Payments Less: Imputed Interest Total Operating Leases $ 30,652 $ 28,042 $ 19,600 $ 14,357 $ 11,902 40,648 $ 145,201 $ (18,255) $ 126,946 Finance Leases 4,498 4,605 4,374 3,017 2,344 10,434 29,272 (3,494) 25,778
Leases cost | The following table presents the lease cost recognized by the Corporation in the Consolidated Statements of Operations as follows: Years ended December 31, (In thousands) 2023 2022 2021 Finance lease cost: Amortization of ROU assets $ 4,192 $ 2,938 $ 2,006 Interest on lease liabilities 1,063 1,117 1,044 Operating lease cost 31,596 30,534 29,970 Short-term lease cost 456 505 647 Variable lease cost 211 124 93 Sublease income (66) (37) (70) Net gain recognized from sale and leaseback transaction [1] - - (7,007) Total lease cost [2] $ 37,452 $ 35,181 $ 26,683 [1] During the quarter ended September 30, 2021, the Corporation recognized the transfer of two corporate office buildings as a sale. Since these sale and partial leaseback transactions were considered to be at fair value, no portion of the gain on sale was deferred. [2] Total lease cost is recognized as part of net occupancy expense, except for the net gain recognized from sale and leaseback transactions which was included as part of other operating income.
Leases supplemental information | The following table presents supplemental cash flow information and other related information related to operating and finance leases. Years ended December 31, (Dollars in thousands) 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases [1] $ 31,124 $ 29,985 $ 38,288 Operating cash flows from finance leases 1,063 1,117 1,044 Financing cash flows from finance leases [1] 5,360 3,346 2,852 ROU assets obtained in exchange for new lease obligations: Operating leases [2] $ 8,048 $ 14,564 $ 24,136 Finance leases 6,198 556 - Weighted-average remaining lease term: Operating leases 7.3 years 7.5 years 7.9 years Finance leases 8.3 years 8.2 years 8.3 years Weighted-average discount rate: Operating leases 3.3 % 3.0 % 2.7 % Finance leases 3.9 % 4.2 % 5.0 % [1] During the quarter ended March 31, 2021, the Corporation made base lease termination payments amounting to $ 7.8 million in connection with the closure of nine branches as a result of the strategic realignment of PB’s New York Metro branch network. [2] During the quarter ended September 30, 2021, the Corporation recognized a lease liability of $ 16.8 million and a corresponding ROU asset for the same amount as a result of the partial leaseback of two corporate office buildings.

X
- Definition Tabular disclosure of undiscounted cash flows of operating and finance lease liabilities. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating and finance lease liabilities recognized in statement of financial position. + References No definition available. + Details
Name: | bpop_LeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | bpop_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cash paid for amounts included in the measurement of lease liabilities, noncash information on lease liabilities arising from obtaining ROU assets, and weighted-average remaining lease term and discount rate by lease classification. + References No definition available. + Details
Name: | bpop_LeasesSupplementalInformationTableTextBlock
Namespace Prefix: | bpop_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration