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Fair value measurement (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures
Assets and Liabilities Measured at Fair Value on a Recurring Basis	At December 31, 2023 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE MEASUREMENTS Assets  Debt securities available-for-sale: U.S. Treasury securities $ 3,936,036 $ 6,811,025 $ - $ - $ 10,747,061 Collateralized mortgage obligations - federal agencies - 134,686 - - 134,686 Mortgage-backed securities - 5,844,180 606 - 5,844,786 Other - 11 2,500 - 2,511 Total debt securities available-for-sale $ 3,936,036 $ 12,789,902 $ 3,106 $ - $ 16,729,044 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 16,859 $ - $ - $ - $ 16,859 Obligations of Puerto Rico, States and political subdivisions - 71 - - 71 Collateralized mortgage obligations - 93 5 - 98 Mortgage-backed securities - 14,261 112 - 14,373 Other - - 167 - 167 Total trading account debt securities, excluding derivatives $ 16,859 $ 14,425 $ 284 $ - $ 31,568 Equity securities $ - $ 37,965 $ - $ 310 $ 38,275 Mortgage servicing rights - - 118,109 - 118,109 Loans held-for-sale - 3,239 - - 3,239 Derivatives  - 24,419 - - 24,419 Total assets measured at fair value on a recurring basis $ 3,952,895 $ 12,869,950 $ 121,499 $ 310 $ 16,944,654 Liabilities Derivatives $ - $ (21,103) $ - $ - $ (21,103) Total liabilities measured at fair value on a recurring basis $ - $ (21,103) $ - $ - $ (21,103) At December 31, 2022 (In thousands) Level 1 Level 2 Level 3 Measured at NAV Total RECURRING FAIR VALUE MEASUREMENTS Assets  Debt securities available-for-sale: U.S. Treasury securities $ 1,908,589 $ 9,272,359 $ - $ - $ 11,180,948 Collateralized mortgage obligations - federal agencies - 165,196 - - 165,196 Mortgage-backed securities - 6,456,459 711 - 6,457,170 Other - 60 1,000 - 1,060 Total debt securities available-for-sale $ 1,908,589 $ 15,894,074 $ 1,711 $ - $ 17,804,374 Trading account debt securities, excluding derivatives: U.S. Treasury securities $ 13,069 $ - $ - $ - $ 13,069 Obligations of Puerto Rico, States and political subdivisions - 64 - - 64 Collateralized mortgage obligations - 47 113 - 160 Mortgage-backed securities - 14,008 215 - 14,223 Other - - 207 - 207 Total trading account debt securities, excluding derivatives $ 13,069 $ 14,119 $ 535 $ - $ 27,723 Equity securities $ - $ 29,302 $ - $ 330 $ 29,632 Mortgage servicing rights - - 128,350 - 128,350 Derivatives  - 19,229 - - 19,229 Total assets measured at fair value on a recurring basis $ 1,921,658 $ 15,956,724 $ 130,596 $ 330 $ 18,009,308 Liabilities Derivatives $ - $ (17,000) $ - $ - $ (17,000) Total liabilities measured at fair value on a recurring basis $ - $ (17,000) $ - $ - $ (17,000)
Difference between the aggregate fair value and the aggregate unpaid principal balance formortgage loans held for sale measured at fair value	The following table summarizes the difference between the aggregate fair value and the aggregate unpaid principal balance for mortgage loans originated as held-for-sale measured at fair value as of December 31,2023. (In thousands) December 31, 2023 Aggregate Unpaid Fair Value Principal Balance Difference Loans held for sale $ 3,239 $ 3,202 $ 37
Nonrecurring fair value measurements	Year ended December 31, 2023 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets  Write-downs Loans [1] $ - $ - $ 10,091 $ 10,091 $ (3,157) Other real estate owned [2] - - 6,560 6,560 (1,516) Other foreclosed assets [2] - - 102 102 (28) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 16,753 $ 16,753 $ (4,701) [1] Relates mainly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations. Costs to sell are excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and other collateral owned that were written down to their fair value. Costs to sell are excluded from the reported fair value amount. Year ended December 31, 2022 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets  Write-downs Loans [1] $ - $ - $ 11,215 $ 11,215 $ (2,067) Other real estate owned [2] - - 3,992 3,992 (1,026) Other foreclosed assets [2] - - 13 13 (1) Long-lived assets held-for-sale [3] - - 1,178 1,178 (2,155) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 16,398 $ 16,398 $ (5,249) [1] Relates mainly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations. Costs to sell are excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and other collateral owned that were written down to their fair value. Costs to sell are excluded from the reported fair value amount. [3] Represents the fair value of long-lived assets held-for-sale that were written down to their fair value. Year ended December 31, 2021 (In thousands) Level 1 Level 2 Level 3 Total NONRECURRING FAIR VALUE MEASUREMENTS Assets  Write-downs Loans [1] $ - $ - $ 21,167 $ 21,167 $ (3,721) Other real estate owned [2] - - 7,727 7,727 (1,579) Other foreclosed assets [2] - - 68 68 (33) Long-lived assets held-for-sale [3] - - 9,007 9,007 (5,320) Trademark [4] - - 156 156 (5,404) Total assets measured at fair value on a nonrecurring basis $ - $ - $ 38,125 $ 38,125 $ (16,057) [1] Relates mostly to certain impaired collateral dependent loans. The impairment was measured based on the fair value of the collateral, which is derived from appraisals that take into consideration prices in observed transactions involving similar assets in similar locations. Costs to sell are excluded from the reported fair value amount. [2] Represents the fair value of foreclosed real estate and other collateral owned that were written down to their fair value. Costs to sell are excluded from the reported fair value amount. [3] Represents the fair value of long-lived assets held-for-sale that were written down to their fair value. [4] Represents the fair value of a trademark due to a write-down on impairment.
Assets measured on recurring basis, unobservable input reconciliation	Year ended December 31, 2023 MBS Other classified classified CMOs MBS  Other as debt as debt classified classified securities securities securities as trading as trading classified as Mortgage available- available- account debt account debt trading account servicing Total Contingent Total (In thousands) for-sale for-sale securities securities debt securities rights assets Consideration liabilities Balance at January 1, 2023 $ 711 $ 1,000 $ 113 $ 215 $ 207 $ 128,350 $ 130,596 $ - $ - Gains (losses) included in earnings - - - (2) (40) (11,589) (11,631) - - Gains (losses) included in OCI (5) - - - - - (5) - - Additions - 1,500 4 - - 2,097 3,601 - - Sales - - - - - (1,269) (1,269) - - Settlements (100) - (112) (101) - 520 207 - - Balance at December 31, 2023 $ 606 $ 2,500 $ 5 $ 112 $ 167 $ 118,109 $ 121,499 $ - $ - Changes in unrealized gains (losses) included in earnings relating to assets still held at December 31, 2023 $ - $ - $ - $ (1) $ 18 $ (529) $ (512) $ - $ - Year ended December 31, 2022 MBS Other Other classified classified CMOs MBS  securities as debt as debt classified classified classified securities securities as trading as trading as trading Mortgage available- available- account debt account debt account debt  servicing Total Contingent Total (In thousands) for-sale for-sale securities securities securities rights assets Consideration liabilities Balance at January 1, 2022 $ 826 $ - $ 198 $ - $ 280 $ 121,570 $ 122,874 $ (9,241) $ (9,241) Gains (losses) included in earnings - - (2) 4 (73) 166 95 9,241 9,241 Gains (losses) included in OCI (15) - - - - - (15) - - Additions - 1,000 5 211 - 6,614 7,830 - - Settlements (100) - (88) - - - (188) - - Balance at December 31, 2022 $ 711 $ 1,000 $ 113 $ 215 $ 207 $ 128,350 $ 130,596 $ - $ - Changes in unrealized gains (losses) included in earnings relating to assets still held at December 31, 2022 $ - $ - $ (2) $ 4 $ (23) $ 11,964 $ 11,943 $ - $ - Year ended December 31, 2021 MBS Other classified CMOs securities as debt classified classified securities as trading as trading Mortgage available- account debt account debt  servicing Total Contingent Total (In thousands) for-sale securities securities rights assets Consideration liabilities Balance at January 1, 2021 $ 1,014 $ 278 $ 381 $ 118,395 $ 120,068 $ - $ - Gains (losses) included in earnings - (1) (101) (10,216) (10,318) - - Gains (losses) included in OCI (13) - - - (13) - - Additions - 29 - 13,391 13,419 (9,241) (9,241) Settlements (175) (107) - - (282) - - Balance at December 31, 2021 $ 826 $ 198 $ 280 $ 121,570 $ 122,874 $ (9,241) $ (9,241) Changes in unrealized gains (losses) included in earnings relating to assets still held at December 31, 2021 $ - $ (1) $ (45) $ 6,410 $ 6,364 $ - $ -
Gain (loss) included in earnings, measured on recurring basis	2023 2022 2021 Total Changes in unrealized Total Changes in unrealized Total Changes in unrealized gains (losses) gains (losses)  gains (losses) gains (losses)  gains (losses) gains (losses)  included relating to assets still included relating to assets still included relating to assets still  (In thousands) in earnings held at reporting date in earnings held at reporting date in earnings held at reporting date Mortgage banking activities $ (11,589) $ (529) $ 166 $ 11,964 $ (10,216) $ 6,410 Trading account (loss) profit  (42) 17 (71) (21) (102) (46) Other operating income - - 9,241 - - - Total  $ (11,631) $ (512) $ 9,336 $ 11,943 $ (10,318) $ 6,364
Fair value measurements, recurring and nonrecurring valuation techniques	Fair value at  December 31, (In thousands) 2023 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 5 Discounted cash flow model Weighted average life 0.2  years ( 0.1  - 0.2  years) Yield 4.9 % Prepayment speed 14.5 % Other - trading $ 167 Discounted cash flow model Weighted average life 2.3  years Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 10,023 [2] External appraisal Haircut applied on external appraisals 6.9 % ( 5.0 % - 10.0 %) Other real estate owned $ 325 [3] External appraisal Haircut applied on external appraisals 35 .0% [1]  Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table.  [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table. Fair value at  December 31, (In thousands) 2022 Valuation technique Unobservable inputs Weighted average (range) [1] CMO's - trading $ 113 Discounted cash flow model Weighted average life 0.4  years ( 0.1  - 0.6  years) Yield 4.9 % ( 4.9 % - 5.4 %) Prepayment speed 10.2 % ( 9.1 % - 32 %) Other - trading $ 207 Discounted cash flow model Weighted average life 2.5  years Yield 12.0% Prepayment speed 10.8% Loans held-in-portfolio $ 5,087 [2] External appraisal Haircut applied on external appraisals 8.3 % ( 5 .0% - 10.4 %) Other real estate owned $ 528 [3] External appraisal Haircut applied on external appraisals 18.4 % ( 5 .0% - 35 .0%) [1]  Weighted average of significant unobservable inputs used to develop Level 3 fair value measurements were calculated by relative fair value. [2] Loans held-in-portfolio in which haircuts were not applied to external appraisals were excluded from this table.  [3] Other real estate owned in which haircuts were not applied to external appraisals were excluded from this table.

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Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

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