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Allowance for credit losses - loans held-in-portfolio (Tables) | 3 Months Ended
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Mar. 31, 2024
Allowance for credit losses on financing receivables | The following tables present the changes in the ACL of loans held-in-portfolio and unfunded commitments for the quarters ended March 31, 2024 and 2023. For the quarter ended March 31, 2024 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 $ 3,614 $ (48) $ - $ - $ 1 $ 3,567 Commercial real estate non-owner occupied 53,754 (413) - - 325 53,666 Commercial real estate owner occupied 40,637 5,147 - (2,785) 538 43,537 Commercial and industrial 107,577 376 - (6,669) 1,560 102,844 Total Commercial 205,582 5,062 - (9,454) 2,424 203,614 Construction 5,294 (2,180) - - - 3,114 Mortgage 72,440 (319) 17 (765) 5,191 76,564 Leasing 9,708 2,968 - (4,850) 1,165 8,991 Consumer Credit cards 80,487 21,640 - (16,396) 2,438 88,169 Home equity lines of credit 103 103 - (197) 93 102 Personal 101,181 20,263 - (24,349) 2,409 99,504 Auto 157,931 13,371 - (20,167) 6,321 157,456 Other 7,132 100 - (664) 240 6,808 Total Consumer 346,834 55,477 - (61,773) 11,501 352,039 Total - Loans $ 639,858 $ 61,008 $ 17 $ (76,842) $ 20,281 $ 644,322 Allowance for credit losses - unfunded commitments: Commercial $ 5,062 $ (120) $ - $ - $ - $ 4,942 Construction 1,618 (177) - - - 1,441 Ending balance - unfunded commitments [1] $ 6,680 $ (297) $ - $ - $ - $ 6,383 [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 March 31, 2024 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 $ 10,126 $ (510) $ (441) $ 1 $ 9,176 Commercial real estate non-owner occupied 11,699 195 - 64 11,958 Commercial real estate owner occupied 16,227 4,019 - 24 20,270 Commercial and industrial 14,779 3,203 (564) 156 17,574 Total Commercial 52,831 6,907 (1,005) 245 58,978 Construction 7,392 633 - - 8,025 Mortgage 10,774 (925) - 25 9,874 Consumer Home equity lines of credit 1,875 (253) (7) 155 1,770 Personal 16,609 4,991 (5,712) 685 16,573 Other 2 25 (31) 6 2 Total Consumer 18,486 4,763 (5,750) 846 18,345 Total - Loans $ 89,483 $ 11,378 $ (6,755) $ 1,116 $ 95,222 Allowance for credit losses - unfunded commitments: Commercial $ 1,851 $ 691 $ - $ - $ 2,542 Construction 8,446 (609) - - 7,837 Consumer 29 (24) - - 5 Ending balance - unfunded commitments [1] $ 10,326 $ 58 $ - $ - $ 10,384 [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 March 31, 2024 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 $ 13,740 $ (558) $ - $ (441) $ 2 $ 12,743 Commercial real estate non-owner occupied 65,453 (218) - - 389 65,624 Commercial real estate owner occupied 56,864 9,166 - (2,785) 562 63,807 Commercial and industrial 122,356 3,579 - (7,233) 1,716 120,418 Total Commercial 258,413 11,969 - (10,459) 2,669 262,592 Construction 12,686 (1,547) - - - 11,139 Mortgage 83,214 (1,244) 17 (765) 5,216 86,438 Leasing 9,708 2,968 - (4,850) 1,165 8,991 Consumer Credit cards 80,487 21,640 - (16,396) 2,438 88,169 Home equity lines of credit 1,978 (150) - (204) 248 1,872 Personal 117,790 25,254 - (30,061) 3,094 116,077 Auto 157,931 13,371 - (20,167) 6,321 157,456 Other 7,134 125 - (695) 246 6,810 Total Consumer 365,320 60,240 - (67,523) 12,347 370,384 Total - Loans $ 729,341 $ 72,386 $ 17 $ (83,597) $ 21,397 $ 739,544 Allowance for credit losses - unfunded commitments: Commercial $ 6,913 $ 571 $ - $ - $ - $ 7,484 Construction 10,064 (786) - - - 9,278 Consumer 29 (24) - - - 5 Ending balance - unfunded commitments [1] $ 17,006 $ (239) $ - $ - $ - $ 16,767 [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 March 31, 2023 BPPR Impact of Provision for Allowance for Beginning 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 $ 5,210 $ - $ (454) $ - $ - $ - $ 4,756 Commercial real estate non-owner occupied 52,475 - 1,284 - - 135 53,894 Commercial real estate owner occupied 48,393 (1,161) (2,730) - (3) 1,510 46,009 Commercial and industrial 68,217 (552) 9,819 - (1,607) 1,165 77,042 Total Commercial 174,295 (1,713) 7,919 - (1,610) 2,810 181,701 Construction 2,978 - 94 - - - 3,072 Mortgage 117,344 (33,556) 1,267 68 (846) 4,800 89,077 Leasing 20,618 (35) 734 - (1,417) 1,090 20,990 Consumer Credit cards 58,670 - 15,570 - (8,676) 2,389 67,953 Home equity lines of credit 103 - (39) - (33) 69 100 Personal 96,369 (7,020) 11,104 - (13,580) 1,535 88,408 Auto 129,735 (21) 8,319 - (12,118) 4,914 130,829 Other 15,433 - 235 - (11,007) 216 4,877 Total Consumer 300,310 (7,041) 35,189 - (45,414) 9,123 292,167 Total - Loans $ 615,545 $ (42,345) $ 45,203 $ 68 $ (49,287) $ 17,823 $ 587,007 Allowance for credit losses - unfunded commitments: Commercial $ 4,336 $ - $ 564 $ - $ - $ - $ 4,900 Construction 2,022 - (76) - - - 1,946 Ending balance - unfunded commitments [1] $ 6,358 $ - $ 488 $ - $ - $ - $ 6,846 [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 March 31, 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 $ - $ (493) $ - $ 2 $ 20,610 Commercial real estate non-owner occupied 19,065 - (2,961) - 1,852 17,956 Commercial real estate owner occupied 8,688 - (224) - 24 8,488 Commercial and industrial 12,227 - 2,528 (499) 968 15,224 Total Commercial 61,081 - (1,150) (499) 2,846 62,278 Construction 1,268 - (10) - - 1,258 Mortgage 17,910 (2,098) (426) - 14 15,400 Consumer Credit cards - - 1 (1) - - Home equity lines of credit 2,439 - (712) (143) 269 1,853 Personal 22,057 (1,140) 4,191 (4,170) 383 21,321 Other 2 - 49 (53) 5 3 Total Consumer 24,498 (1,140) 3,529 (4,367) 657 23,177 Total - Loans $ 104,757 $ (3,238) $ 1,943 $ (4,866) $ 3,517 $ 102,113 Allowance for credit losses - unfunded commitments: Commercial $ 1,175 $ - $ 54 $ - $ - $ 1,229 Construction 1,184 - 94 - - 1,278 Consumer 88 - (26) - - 62 Ending balance - unfunded commitments [1] $ 2,447 $ - $ 122 $ - $ - $ 2,569 [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 March 31, 2023 Popular Inc. Impact of Provision for Allowance for Beginning 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 $ - $ (947) $ - $ - $ 2 $ 25,366 Commercial real estate non-owner occupied 71,540 - (1,677) - - 1,987 71,850 Commercial real estate owner occupied 57,081 (1,161) (2,954) - (3) 1,534 54,497 Commercial and industrial 80,444 (552) 12,347 - (2,106) 2,133 92,266 Total Commercial 235,376 (1,713) 6,769 - (2,109) 5,656 243,979 Construction 4,246 - 84 - - - 4,330 Mortgage 135,254 (35,654) 841 68 (846) 4,814 104,477 Leasing 20,618 (35) 734 - (1,417) 1,090 20,990 Consumer Credit cards 58,670 - 15,571 - (8,677) 2,389 67,953 Home equity lines of credit 2,542 - (751) - (176) 338 1,953 Personal 118,426 (8,160) 15,295 - (17,750) 1,918 109,729 Auto 129,735 (21) 8,319 - (12,118) 4,914 130,829 Other 15,435 - 284 - (11,060) 221 4,880 Total Consumer 324,808 (8,181) 38,718 - (49,781) 9,780 315,344 Total - Loans $ 720,302 $ (45,583) $ 47,146 $ 68 $ (54,153) $ 21,340 $ 689,120 Allowance for credit losses - unfunded commitments: Commercial $ 5,511 $ - $ 618 $ - $ - $ - $ 6,129 Construction 3,206 - 18 - - - 3,224 Consumer 88 - (26) - - - 62 Ending balance - unfunded commitments [1] $ 8,805 $ - $ 610 $ - $ - $ - $ 9,415 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.
Financing receivable modified for debtors experiencing financial difficulty | 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 quarters ended March 31, 2024 and March 31, 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 March 31,2024 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Commercial and industrial $ 387 0.01 % $ - - % $ 387 0.01 % Consumer: Credit cards 129 0.01 % - - % 129 0.01 % Personal 243 0.01 % - - % 243 0.01 % Total $ 759 - % $ - - % $ 759 - % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable CRE non-owner occupied $ 36,718 1.23 % $ - - % $ 36,718 0.73 % CRE owner occupied 16,366 1.15 % - - % 16,366 0.52 % Commercial and industrial 2,494 0.05 % - - % 2,494 0.04 % Mortgage 12,979 0.20 % - - % 12,979 0.17 % Consumer: Personal 199 0.01 % 5 - % 204 0.01 % Total $ 68,756 0.28 % $ 5 - % $ 68,761 0.20 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable CRE owner occupied $ 10,312 0.72 % $ - - % $ 10,312 0.33 % Commercial and industrial 5,920 0.12 % - - % 5,920 0.08 % Total $ 16,232 0.07 % $ - - % $ 16,232 0.05 % Combination - Term extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable CRE non-owner occupied $ 891 0.03 % $ - - % $ 891 0.02 % Commercial and industrial 101 - % - - % 101 - % Mortgage 3,422 0.05 % 38 - % 3,460 0.04 % Consumer: Personal 1,056 0.06 % 145 0.10 % 1,201 0.06 % Total $ 5,470 0.02 % $ 183 - % $ 5,653 0.02 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction Puerto Rico Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Amortized Cost Basis at March 31,2024 % of total class of Financing Receivable Commercial and industrial $ 16 - % $ - - % $ 16 - % Consumer: Credit cards 315 0.03 % - - % 315 0.03 % Total $ 331 - % $ - - % $ 331 - % Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the quarter ended March 31,2023 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Mortgage $ 227 - % $ - - % $ 227 - % Consumer: Credit cards 497 0.05 % - - % 497 0.05 % Personal 172 0.01 % - - % 172 0.01 % Other 3 - % - - % 3 - % Total $ 899 - % $ - - % $ 899 - % Term Extension BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE owner occupied $ 1,754 0.12 % $ - - % $ 1,754 0.06 % Commercial and industrial 3,705 0.09 % - - % 3,705 0.06 % Construction - - % 3,518 0.65 % 3,518 0.50 % Mortgage 14,521 0.24 % 1,853 0.14 % 16,374 0.22 % Consumer: Personal 26 - % 54 0.02 % 80 - % Total $ 20,006 0.09 % $ 5,425 0.06 % $ 25,431 0.08 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE non-owner occupied $ 1,751 0.06 % $ - - % $ 1,751 0.04 % CRE owner occupied 13,156 0.88 % 13,744 0.90 % 26,900 0.89 % Commercial and industrial 1,411 0.04 % 864 0.04 % 2,275 0.04 % Consumer: Other 33 0.03 % - - % 33 0.02 % Total $ 16,351 0.07 % $ 14,608 0.15 % $ 30,959 0.10 % Combination - Term extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (In thousands) Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable Amortized Cost Basis at March 31,2023 % of total class of Financing Receivable CRE owner occupied $ 101 0.01 % $ - - % $ 101 - % Mortgage 10,473 0.17 % 328 0.03 % 10,801 0.15 % Consumer: Personal 422 0.03 % - - % 422 0.02 % Auto 29 - % - - % 29 - % Total $ 11,025 0.05 % $ 328 - % $ 11,353 0.04 % The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulties: For the quarter ended March 31, 2024 Interest rate reduction Loan Type Financial Effect CRE Non-owner occupied Reduced weighted-average contractual interest rate from 10.13 % to 8.25 %. Commercial and industrial Reduced weighted-average contractual interest rate from 25.53 % to 9.83 %. Mortgage Reduced weighted-average contractual interest rate from 5.88 % to 4.5 0%. Consumer: Credit cards Reduced weighted-average contractual interest rate from 21.05 % to 6.23 %. Personal Reduced weighted-average contractual interest rate from 18.06 % to 9.68 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 1 year to the life of loans. CRE Owner occupied Added a weighted-average of 6 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 12 years to the life of loans. Consumer: Personal Added a weighted-average of 11 years to the life of loans. Other than insignificant payment delay Loan Type Financial Effect CRE Owner occupied Added a weighted-average of 12 months to the life of loans. Commercial and industrial Added a weighted-average of 8 months to the life of loans. Consumer: Credit cards Added a weighted-average of 23 months to the life of loans. For the quarter ended March 31, 2023 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 6.00 % to 5.25 %. Mortgage Reduced weighted-average contractual interest rate from 5.69 % to 4.17 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.76 % to 4.47 %. Personal Reduced weighted-average contractual interest rate from 16.97 % to 9.11 %. Auto Reduced weighted-average contractual interest rate from 12.64 % to 12.62 %. Other Reduced weighted-average contractual interest rate from 17.99 % to 0 %. Term extension Loan Type Financial Effect CRE Owner occupied Added a weighted-average of 2 years to the life of loans. Commercial and industrial Added a weighted-average of 5 months to the life of loans. Construction Added a weighted-average of 6 months to the life of loans. Mortgage Added a weighted-average of 10 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 2 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 7 months to the life of loans. Commercial and industrial Added a weighted-average of 9 months to the life of loans. Consumer: Other Added a weighted-average of 11 months to the life of loans. The following tables present, by class, the performance of loans that have been modified during the twelve months preceding March 31, 2024. BPPR March 31, 2024 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 Commercial multi-family $ - $ - $ 65 $ 65 $ - $ 65 $ - $ 65 CRE non-owner occupied 179 3,278 2,918 6,375 60,491 66,866 - 2,918 CRE owner occupied 811 - 1,969 2,780 189,327 192,107 537 1,432 Commercial and industrial 626 - 16,492 17,118 32,511 49,629 2,774 13,718 Mortgage 5,970 3,954 23,151 33,075 49,225 82,300 3,525 19,626 Consumer: Credit cards 126 31 223 380 1,017 1,397 159 64 Personal 42 105 1,058 1,205 3,071 4,276 51 1,007 Auto - - 13 13 71 84 - 13 Other - - - - 3 3 - - Total $ 7,754 $ 7,368 $ 45,889 $ 61,011 $ 335,716 $ 396,727 $ 7,046 $ 38,843 [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. March 31, 2024 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 $ - $ - $ - $ - $ 57,550 $ 57,550 $ - $ - Mortgage - - 324 324 3,403 3,727 - 324 Consumer: Personal - - 160 160 124 284 - 160 Total $ - $ - $ 484 $ 484 $ 61,077 $ 61,561 $ - $ 484 [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. March 31, 2024 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 Commercial multi-family $ - $ - $ 65 $ 65 $ - $ 65 $ - $ 65 CRE non-owner occupied 179 3,278 2,918 6,375 60,491 66,866 - 2,918 CRE owner occupied 811 - 1,969 2,780 246,877 249,657 537 1,432 Commercial and industrial 626 - 16,492 17,118 32,511 49,629 2,774 13,718 Mortgage 5,970 3,954 23,475 33,399 52,628 86,027 3,525 19,950 Consumer: Credit cards 126 31 223 380 1,017 1,397 159 64 Personal 42 105 1,218 1,365 3,195 4,560 51 1,167 Auto - - 13 13 71 84 - 13 Other - - - - 3 3 - - Total $ 7,754 $ 7,368 $ 46,373 $ 61,495 $ 396,793 $ 458,288 $ 7,046 $ 39,327 [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. BPPR March 31, 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 $ - $ - $ - $ - $ 1,751 $ 1,751 $ - $ - CRE owner occupied - - 1,803 1,803 13,208 15,011 209 1,594 Commercial and industrial - - 142 142 4,974 5,116 28 114 Mortgage 1,202 180 7,518 8,900 16,321 25,221 - 7,518 Consumer: Credit cards 21 46 96 163 334 497 96 - Personal 6 - 232 238 382 620 - 232 Auto - - - - 29 29 - - Other - - 33 33 3 36 - 33 Total $ 1,229 $ 226 $ 9,824 $ 11,279 $ 37,002 $ 48,281 $ 333 $ 9,491 [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. March 31, 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 $ - $ - $ - $ - $ 13,744 $ 13,744 $ - $ - Commercial and industrial - - - - 864 864 - - Construction - - - - 3,518 3,518 - - Mortgage - - 104 104 2,077 2,181 - 104 Consumer: Personal - - 54 54 - 54 - 54 Total $ - $ - $ 158 $ 158 $ 20,203 $ 20,361 $ - $ 158 [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. March 31, 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 $ - $ - $ - $ - $ 1,751 $ 1,751 $ - $ - CRE owner occupied - - 1,803 1,803 26,952 28,755 209 1,594 Commercial and industrial - - 142 142 5,838 5,980 28 114 Construction - - - - 3,518 3,518 - - Mortgage 1,202 180 7,622 9,004 18,398 27,402 - 7,622 Consumer: Credit cards 21 46 96 163 334 497 96 - Personal 6 - 286 292 382 674 - 286 Auto - - - - 29 29 - - Other - - 33 33 3 36 - 33 Total $ 1,229 $ 226 $ 9,982 $ 11,437 $ 57,205 $ 68,642 $ 333 $ 9,649 [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.
Financing Receivable Credit Quality Indicators | March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total BPPR Commercial: Commercial multi-family Pass $ 41,585 $ 37,808 $ 138,013 $ 21,271 $ 20,401 $ 28,387 $ - $ - $ 287,465 Watch - - - - - 6,112 - - 6,112 Special Mention - - 554 - - 4,743 - - 5,297 Substandard - - - - - 4,777 - - 4,777 Total commercial multi-family $ 41,585 $ 37,808 $ 138,567 $ 21,271 $ 20,401 $ 44,019 $ - $ - $ 303,651 Commercial real estate non-owner occupied Pass $ 24,000 $ 308,584 $ 854,075 $ 558,216 $ 356,421 $ 594,172 $ 3,896 $ - $ 2,699,364 Watch - 2,590 727 5,144 21,840 39,832 - - 70,133 Special Mention - 42,111 6,879 24,626 - 73,034 - - 146,650 Substandard - 1,011 1,260 179 2,164 71,074 4,650 - 80,338 Total commercial real estate non- owner occupied $ 24,000 $ 354,296 $ 862,941 $ 588,165 $ 380,425 $ 778,112 $ 8,546 $ - $ 2,996,485 Commercial real estate owner occupied Pass $ 56,699 $ 94,564 $ 154,134 $ 224,909 $ 49,919 $ 369,657 $ 8,083 $ - $ 957,965 Watch 249 1,965 44,450 9,048 4,556 61,509 1,003 - 122,780 Special Mention - 942 21,683 20,611 1,101 41,356 - - 85,693 Substandard 161 1,238 15,848 4,962 142,903 80,416 14,017 - 259,545 Doubtful - - - - - 109 - - 109 Total commercial real estate owner occupied $ 57,109 $ 98,709 $ 236,115 $ 259,530 $ 198,479 $ 553,047 $ 23,103 $ - $ 1,426,092 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 2,785 $ - $ - $ 2,785 Commercial and industrial Pass $ 142,966 $ 975,917 $ 627,072 $ 339,891 $ 236,641 $ 368,158 $ 1,202,822 $ - $ 3,893,467 Watch 4,012 66,951 55,844 162,005 3,730 77,782 216,159 - 586,483 Special Mention 423 5,472 36,829 260 2,867 41,837 73,721 - 161,409 Substandard 418 1,051 2,182 8,570 15,962 31,756 43,282 - 103,221 Doubtful - - - - 54 32 - - 86 Loss - - - - - - 457 - 457 Total commercial and industrial $ 147,819 $ 1,049,391 $ 721,927 $ 510,726 $ 259,254 $ 519,565 $ 1,536,441 $ - $ 4,745,123 Year-to-Date gross write-offs $ 124 $ - $ 58 $ - $ 24 $ 5,131 $ 1,332 $ - $ 6,669 Construction Pass $ - $ 29,488 $ 24,618 $ 19,243 $ 10,696 $ 1,766 $ 37,970 $ - $ 123,781 Watch - - 17,187 11,801 - - $ 8,917 - 37,905 Special Mention - - - 1,038 - - - - 1,038 Total construction $ - $ 29,488 $ 41,805 $ 32,082 $ 10,696 $ 1,766 $ 46,887 $ - $ 162,724 Mortgage Pass $ 192,679 $ 759,057 $ 432,327 $ 415,791 $ 255,350 $ 4,355,912 $ - $ - $ 6,411,116 Substandard - 1,181 319 379 350 70,206 - - 72,435 Total mortgage $ 192,679 $ 760,238 $ 432,646 $ 416,170 $ 255,700 $ 4,426,118 $ - $ - $ 6,483,551 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 765 $ - $ - $ 765 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total BPPR Leasing Pass $ 210,843 $ 570,183 $ 456,718 $ 287,444 $ 148,154 $ 84,804 $ - $ - $ 1,758,146 Substandard - 902 1,980 2,580 578 1,129 - - 7,169 Loss - 81 - - - 17 - - 98 Total leasing $ 210,843 $ 571,166 $ 458,698 $ 290,024 $ 148,732 $ 85,950 $ - $ - $ 1,765,413 Year-to-Date gross write-offs $ 42 $ 1,071 $ 1,966 $ 1,082 $ 238 $ 451 $ - $ - $ 4,850 Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,118,278 $ - $ 1,118,278 Substandard - - - - - - 23,837 - 23,837 Loss - - - - - - 21 - 21 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,142,136 $ - $ 1,142,136 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 16,396 $ - $ 16,396 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 2,562 $ - $ 2,562 Substandard - - - - - - 7 - 7 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,569 $ - $ 2,569 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 197 $ - $ 197 Personal Pass $ 200,218 $ 745,798 $ 417,333 $ 158,860 $ 48,662 $ 134,930 $ - $ 21,077 $ 1,726,878 Substandard - 2,864 4,243 1,551 472 9,452 - 1,033 19,615 Total Personal $ 200,218 $ 748,662 $ 421,576 $ 160,411 $ 49,134 $ 144,382 $ - $ 22,110 $ 1,746,493 Year-to-Date gross write-offs $ - $ 6,810 $ 11,488 $ 3,295 $ 880 $ 1,403 $ - $ 473 $ 24,349 Auto Pass $ 342,983 $ 1,145,262 $ 840,316 $ 654,624 $ 366,598 $ 307,952 $ - $ - $ 3,657,735 Substandard 119 9,989 12,762 10,704 7,415 8,008 - - 48,997 Loss - 68 27 19 - 8 - - 122 Total Auto $ 343,102 $ 1,155,319 $ 853,105 $ 665,347 $ 374,013 $ 315,968 $ - $ - $ 3,706,854 Year-to-Date gross write-offs $ 114 $ 9,028 $ 5,738 $ 3,008 $ 1,521 $ 758 $ - $ - $ 20,167 Other consumer Pass $ 8,302 $ 35,338 $ 22,941 $ 13,787 $ 5,252 $ 5,716 $ 61,379 $ - $ 152,715 Substandard - 244 24 - 44 81 307 - 700 Loss - - - - - 263 - - 263 Total Other consumer $ 8,302 $ 35,582 $ 22,965 $ 13,787 $ 5,296 $ 6,060 $ 61,686 $ - $ 153,678 Year-to-Date gross write-offs $ - $ 34 $ 50 $ 29 $ 93 $ 458 $ - $ - $ 664 Total BPPR $ 1,225,657 $ 4,840,659 $ 4,190,345 $ 2,957,513 $ 1,702,130 $ 6,874,987 $ 2,821,368 $ 22,110 $ 24,634,769 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular U.S. Commercial: Commercial multi-family Pass $ 34 $ 165,837 $ 436,312 $ 341,089 $ 165,978 $ 592,171 $ 5,334 $ - $ 1,706,755 Watch - - 101,958 19,914 67,303 149,375 - - 338,550 Special Mention - - - 858 - 2,192 - - 3,050 Substandard - - - - - 32,629 - - 32,629 Total commercial multi-family $ 34 $ 165,837 $ 538,270 $ 361,861 $ 233,281 $ 776,367 $ 5,334 $ - $ 2,080,984 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 441 $ - $ - $ 441 Commercial real estate non-owner occupied Pass $ 6,741 $ 396,376 $ 493,557 $ 168,986 $ 214,339 $ 503,436 $ 11,254 $ - $ 1,794,689 Watch - - 17,023 33,260 29,093 94,339 - - 173,715 Special Mention - - - 2,406 - 64,664 - - 67,070 Substandard - - 2,708 2,790 7,995 11,607 - - 25,100 Total commercial real estate non- owner occupied $ 6,741 $ 396,376 $ 513,288 $ 207,442 $ 251,427 $ 674,046 $ 11,254 $ - $ 2,060,574 Commercial real estate owner occupied Pass $ 36,651 $ 302,989 $ 245,911 $ 225,998 $ 57,688 $ 250,846 $ 4,951 $ - $ 1,125,034 Watch - - 38,795 27,687 51,281 102,480 3,972 - 224,215 Special Mention - - 34,633 131,309 4,922 11,152 - - 182,016 Substandard - - 28,593 2,413 - 129,481 - - 160,487 Total commercial real estate owner occupied $ 36,651 $ 302,989 $ 347,932 $ 387,407 $ 113,891 $ 493,959 $ 8,923 $ - $ 1,691,752 Commercial and industrial Pass $ 41,163 $ 218,204 $ 301,833 $ 337,350 $ 249,043 $ 511,963 $ 310,873 $ - $ 1,970,429 Watch 25 184 39,927 46,133 57,607 112,073 20,338 - 276,287 Special Mention - 196 6,065 902 21 433 14,865 - 22,482 Substandard 914 1,057 427 132 2,779 2,214 3,639 - 11,162 Total commercial and industrial $ 42,102 $ 219,641 $ 348,252 $ 384,517 $ 309,450 $ 626,683 $ 349,715 $ - $ 2,280,360 Year-to-Date gross write-offs $ - $ - $ 190 $ 272 $ 5 $ 44 $ 53 $ - $ 564 Construction Pass $ 17,234 $ 348,577 $ 230,756 $ 82,615 $ - $ 38,754 $ 15,733 $ - $ 733,669 Watch - - 31,690 14,210 - 8,118 - - 54,018 Special Mention - 2,168 13,466 - - - - - 15,634 Substandard - - - 8,825 - - 34,433 - 43,258 Total construction $ 17,234 $ 350,745 $ 275,912 $ 105,650 $ - $ 46,872 $ 50,166 $ - $ 846,579 Mortgage Pass $ 23,480 $ 93,943 $ 225,010 $ 283,981 $ 230,999 $ 414,626 $ - $ - $ 1,272,039 Substandard - - 235 - 645 27,192 - - 28,072 Total mortgage $ 23,480 $ 93,943 $ 225,245 $ 283,981 $ 231,644 $ 441,818 $ - $ - $ 1,300,111 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular U.S. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 17 $ - $ 17 Total credit cards $ - $ - $ - $ - $ - $ - $ 17 $ - $ 17 HELOCs Pass $ - $ - $ - $ - $ - $ 6,878 $ 40,955 $ 12,329 $ 60,162 Substandard - - - - - 1,816 - 1,280 3,096 Loss - - - - - 99 - 791 890 Total HELOCs $ - $ - $ - $ - $ - $ 8,793 $ 40,955 $ 14,400 $ 64,148 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 7 $ - $ - $ 7 Personal Pass $ 8,545 $ 36,778 $ 78,649 $ 18,867 $ 2,167 $ 3,441 $ - $ - $ 148,447 Substandard - 506 956 201 40 366 - - 2,069 Loss - - - - - 1 - - 1 Total Personal $ 8,545 $ 37,284 $ 79,605 $ 19,068 $ 2,207 $ 3,808 $ - $ - $ 150,517 Year-to-Date gross write-offs $ - $ 545 $ 3,701 $ 873 $ 62 $ 531 $ - $ - $ 5,712 Other consumer Pass $ 18 $ - $ - $ - $ - $ - $ 8,908 $ - $ 8,926 Loss - - - - - - 1 - 1 Total Other consumer $ 18 $ - $ - $ - $ - $ - $ 8,909 $ - $ 8,927 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 31 $ - $ 31 Total Popular U.S. $ 134,805 $ 1,566,815 $ 2,328,504 $ 1,749,926 $ 1,141,900 $ 3,072,346 $ 475,273 $ 14,400 $ 10,483,969 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular, Inc. Commercial: Commercial multi-family Pass $ 41,619 $ 203,645 $ 574,325 $ 362,360 $ 186,379 $ 620,558 $ 5,334 $ - $ 1,994,220 Watch - - 101,958 19,914 67,303 155,487 - - 344,662 Special Mention - - 554 858 - 6,935 - - 8,347 Substandard - - - - - 37,406 - - 37,406 Total commercial multi-family $ 41,619 $ 203,645 $ 676,837 $ 383,132 $ 253,682 $ 820,386 $ 5,334 $ - $ 2,384,635 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 441 $ - $ - $ 441 Commercial real estate non-owner occupied Pass $ 30,741 $ 704,960 $ 1,347,632 $ 727,202 $ 570,760 $ 1,097,608 $ 15,150 $ - $ 4,494,053 Watch - 2,590 17,750 38,404 50,933 134,171 - - 243,848 Special Mention - 42,111 6,879 27,032 - 137,698 - - 213,720 Substandard - 1,011 3,968 2,969 10,159 82,681 4,650 - 105,438 Total commercial real estate non- owner occupied $ 30,741 $ 750,672 $ 1,376,229 $ 795,607 $ 631,852 $ 1,452,158 $ 19,800 $ - $ 5,057,059 Commercial real estate owner occupied Pass $ 93,350 $ 397,553 $ 400,045 $ 450,907 $ 107,607 $ 620,503 $ 13,034 $ - $ 2,082,999 Watch 249 1,965 83,245 36,735 55,837 163,989 4,975 - 346,995 Special Mention - 942 56,316 151,920 6,023 52,508 - - 267,709 Substandard 161 1,238 44,441 7,375 142,903 209,897 14,017 - 420,032 Doubtful - - - - - 109 - - 109 Total commercial real estate owner occupied $ 93,760 $ 401,698 $ 584,047 $ 646,937 $ 312,370 $ 1,047,006 $ 32,026 $ - $ 3,117,844 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 2,785 $ - $ - $ 2,785 Commercial and industrial Pass $ 184,129 $ 1,194,121 $ 928,905 $ 677,241 $ 485,684 $ 880,121 $ 1,513,695 $ - $ 5,863,896 Watch 4,037 67,135 95,771 $ 208,138 $ 61,337 $ 189,855 $ 236,497 $ - $ 862,770 Special Mention 423 5,668 42,894 1,162 2,888 42,270 88,586 - 183,891 Substandard 1,332 2,108 2,609 8,702 18,741 33,970 46,921 - 114,383 Doubtful - - - - 54 32 - - 86 Loss - - - - - - 457 - 457 Total commercial and industrial $ 189,921 $ 1,269,032 $ 1,070,179 $ 895,243 $ 568,704 $ 1,146,248 $ 1,886,156 $ - $ 7,025,483 Year-to-Date gross write-offs $ 124 $ - $ 248 $ 272 $ 29 $ 5,175 $ 1,385 $ - $ 7,233 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular, Inc. Construction Pass $ 17,234 $ 378,065 $ 255,374 $ 101,858 $ 10,696 $ 40,520 $ 53,703 $ - $ 857,450 Watch - - 48,877 26,011 - 8,118 8,917 - 91,923 Special Mention - 2,168 13,466 1,038 - - - - 16,672 Substandard - - - 8,825 - - 34,433 - 43,258 Total construction $ 17,234 $ 380,233 $ 317,717 $ 137,732 $ 10,696 $ 48,638 $ 97,053 $ - $ 1,009,303 Mortgage Pass $ 216,159 $ 853,000 $ 657,337 $ 699,772 $ 486,349 $ 4,770,538 $ - $ - $ 7,683,155 Substandard - 1,181 554 379 995 97,398 - - 100,507 Total mortgage $ 216,159 $ 854,181 $ 657,891 $ 700,151 $ 487,344 $ 4,867,936 $ - $ - $ 7,783,662 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 765 $ - $ - $ 765 Leasing Pass $ 210,843 $ 570,183 $ 456,718 $ 287,444 $ 148,154 $ 84,804 $ - $ - $ 1,758,146 Substandard - 902 1,980 2,580 578 1,129 - - 7,169 Loss - 81 - - - 17 - - 98 Total leasing $ 210,843 $ 571,166 $ 458,698 $ 290,024 $ 148,732 $ 85,950 $ - $ - $ 1,765,413 Year-to-Date gross write-offs $ 42 $ 1,071 $ 1,966 $ 1,082 $ 238 $ 451 $ - $ - $ 4,850 March 31, 2024 Term Loans Revolving Loans Amortized Cost Basis Revolving Loans Converted to Term Loans Amortized Cost Basis Amortized Cost Basis by Origination Year (In thousands) 2024 2023 2022 2021 2020 Prior Years Total Popular, Inc. Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,118,295 $ - $ 1,118,295 Substandard - - - - - - 23,837 - 23,837 Loss - - - - - - 21 - 21 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,142,153 $ - $ 1,142,153 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 16,396 $ - $ 16,396 HELOCs Pass $ - $ - $ - $ - $ - $ 6,878 $ 43,517 $ 12,329 $ 62,724 Substandard - - - - - 1,816 7 1,280 3,103 Loss - - - - - 99 - 791 890 Total HELOCs $ - $ - $ - $ - $ - $ 8,793 $ 43,524 $ 14,400 $ 66,717 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 7 $ 197 $ - $ 204 Personal Pass $ 208,763 $ 782,576 $ 495,982 $ 177,727 $ 50,829 $ 138,371 $ - $ 21,077 $ 1,875,325 Substandard - 3,370 5,199 1,752 512 9,818 - 1,033 21,684 Loss - - - - - 1 - - 1 Total Personal $ 208,763 $ 785,946 $ 501,181 $ 179,479 $ 51,341 $ 148,190 $ - $ 22,110 $ 1,897,010 Year-to-Date gross write-offs $ - $ 7,355 $ 15,189 $ 4,168 $ 942 $ 1,934 $ - $ 473 $ 30,061 Auto Pass $ 342,983 $ 1,145,262 $ 840,316 $ 654,624 $ 366,598 $ 307,952 $ - $ - $ 3,657,735 Substandard 119 9,989 12,762 10,704 7,415 8,008 - - 48,997 Loss - 68 27 19 - 8 - - 122 Total Auto $ 343,102 $ 1,155,319 $ 853,105 $ 665,347 $ 374,013 $ 315,968 $ - $ - $ 3,706,854 Year-to-Date gross write-offs $ 114 $ 9,028 $ 5,738 $ 3,008 $ 1,521 $ 758 $ - $ - $ 20,167 Other consumer Pass $ 8,320 $ 35,338 $ 22,941 $ 13,787 $ 5,252 $ 5,716 $ 70,287 $ - $ 161,641 Substandard - 244 24 - 44 81 307 - 700 Loss - - - - - 263 1 - 264 Total Other consumer $ 8,320 $ 35,582 $ 22,965 $ 13,787 $ 5,296 $ 6,060 $ 70,595 $ - $ 162,605 Year-to-Date gross write-offs $ - $ 34 $ 50 $ 29 $ 93 $ 458 $ 31 $ - $ 695 Total Popular Inc. $ 1,360,462 $ 6,407,474 $ 6,518,849 $ 4,707,439 $ 2,844,030 $ 9,947,333 $ 3,296,641 $ 36,510 $ 35,118,738 December 31, 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 Pass $ 37,976 $ 138,619 $ 21,334 $ 20,487 $ 32,554 $ 24,248 $ 306 $ - $ 275,524 Watch - - - - 1,068 5,179 - - 6,247 Special Mention - 559 - - - 4,780 - - 5,339 Substandard - - - - - 4,832 - - 4,832 Total commercial multi-family $ 37,976 $ 139,178 $ 21,334 $ 20,487 $ 33,622 $ 39,039 $ 306 $ - $ 291,942 Commercial real estate non-owner occupied Pass $ 305,243 $ 871,191 $ 560,785 $ 359,853 $ 41,262 $ 563,794 $ 7,042 $ - $ 2,709,170 Watch 1,959 882 5,205 22,211 5,938 27,015 - - 63,210 Special Mention 43,020 5,413 24,730 - 15,843 68,368 - - 157,374 Substandard 1,016 1,307 180 2,231 53,729 12,968 4,069 - 75,500 Total commercial real estate non- owner occupied $ 351,238 $ 878,793 $ 590,900 $ 384,295 $ 116,772 $ 672,145 $ 11,111 $ - $ 3,005,254 Year-to-Date gross write-offs $ - $ - $ - $ 609 $ - $ 521 $ - $ - $ 1,130 Commercial real estate owner occupied Pass $ 92,234 $ 155,819 $ 227,246 $ 51,038 $ 24,184 $ 357,429 $ 9,146 $ - $ 917,096 Watch 2,947 45,106 9,913 4,285 5,017 62,217 1,000 - 130,485 Special Mention - 16,860 20,741 1,462 887 44,069 - - 84,019 Substandard 1,316 15,710 5,080 143,696 845 87,383 12,617 - 266,647 Doubtful - - - - - 136 - - 136 Total commercial real estate owner occupied $ 96,497 $ 233,495 $ 262,980 $ 200,481 $ 30,933 $ 551,234 $ 22,763 $ - $ 1,398,383 Year-to-Date gross write-offs $ - $ 4 $ - $ - $ 1 $ 4,432 $ - $ - $ 4,437 Commercial and industrial Pass $ 1,109,898 $ 634,401 $ 511,912 $ 241,452 $ 123,458 $ 258,872 $ 1,343,885 $ - $ 4,223,878 Watch 28,841 95,785 6,111 4,043 15,560 65,360 182,756 - 398,456 Special Mention 6,401 3,269 276 3,200 2,088 41,289 9,410 - 65,933 Substandard 731 1,760 8,644 22,065 1,922 32,087 40,670 - 107,879 Doubtful - - - 54 - 26 - - 80 Total commercial and industrial $ 1,145,871 $ 735,215 $ 526,943 $ 270,814 $ 143,028 $ 397,634 $ 1,576,721 $ - $ 4,796,226 Year-to-Date gross write-offs $ 896 $ 184 $ 215 $ 335 $ 555 $ 1,086 $ 4,468 $ - $ 7,739 Construction Pass $ 26,662 $ 24,462 $ 27,364 $ 10,758 $ 1,944 $ 1,049 $ 38,720 $ - $ 130,959 Watch - 16,546 5,458 - - - 9,506 - 31,510 Special Mention - - 1,009 - - - 1 - 1,010 Substandard - 6,378 - - - - - - 6,378 Total construction $ 26,662 $ 47,386 $ 33,831 $ 10,758 $ 1,944 $ 1,049 $ 48,227 $ - $ 169,857 Year-to-Date gross write-offs $ - $ 2,611 $ - $ - $ - $ - $ - $ - $ 2,611 Mortgage Pass $ 751,532 $ 439,373 $ 421,297 $ 259,412 $ 164,438 $ 4,280,509 $ - $ - $ 6,316,561 Substandard $ 96 $ 161 $ 162 $ 345 $ 2,606 $ 71,893 $ - $ - $ 75,263 Total mortgage $ 751,628 $ 439,534 $ 421,459 $ 259,757 $ 167,044 $ 4,352,402 $ - $ - $ 6,391,824 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 1,638 $ - $ - $ 1,638 December 31, 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 Pass $ 647,659 $ 488,506 $ 313,133 $ 163,189 $ 88,983 $ 21,706 $ - $ - $ 1,723,176 Substandard 806 2,516 3,053 906 818 517 - - 8,616 Loss - - - - - 17 - - 17 Total leasing $ 648,465 $ 491,022 $ 316,186 $ 164,095 $ 89,801 $ 22,240 $ - $ - $ 1,731,809 Year-to-Date gross write-offs $ 1,065 $ 4,424 $ 2,878 $ 849 $ 976 $ 687 $ - $ - $ 10,879 Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,112,447 $ - $ 1,112,447 Substandard - - - - - - 23,259 - 23,259 Loss - - - - - - 22 - 22 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,135,728 $ - $ 1,135,728 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 41,007 $ - $ 41,007 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 2,622 $ - $ 2,622 Substandard - - - - - - 26 - 26 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,648 $ - $ 2,648 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 213 $ - $ 213 Personal Pass $ 859,434 $ 480,771 $ 181,483 $ 57,227 $ 58,849 $ 96,956 $ - $ 22,034 $ 1,756,754 Substandard 1,815 4,985 1,939 493 933 8,322 - 1,006 19,493 Loss - - 14 - 12 37 - - 63 Total Personal $ 861,249 $ 485,756 $ 183,436 $ 57,720 $ 59,794 $ 105,315 $ - $ 23,040 $ 1,776,310 Year-to-Date gross write-offs $ 4,458 $ 35,915 $ 18,076 $ 4,210 $ 4,891 $ 2,952 $ - $ 1,475 $ 71,977 Auto Pass $ 1,210,622 $ 899,797 $ 711,439 $ 405,768 $ 260,355 $ 120,318 $ - $ - $ 3,608,299 Substandard 6,980 14,049 11,916 9,157 7,051 3,199 - - 52,352 Loss 9 44 45 16 9 6 - - 129 Total Auto $ 1,217,611 $ 913,890 $ 723,400 $ 414,941 $ 267,415 $ 123,523 $ - $ - $ 3,660,780 Year-to-Date gross write-offs $ 10,170 $ 23,849 $ 11,820 $ 5,914 $ 3,553 $ - $ - $ - $ 55,306 Other consumer Pass $ 36,144 $ 24,238 $ 14,942 $ 5,618 $ 3,433 $ 2,753 $ 61,796 $ - $ 148,924 Substandard 244 25 - 73 16 131 249 - 738 Loss - - 137 - - 363 - - 500 Total Other consumer $ 36,388 $ 24,263 $ 15,079 $ 5,691 $ 3,449 $ 3,247 $ 62,045 $ - $ 150,162 Year-to-Date gross write-offs $ 47 $ 154 $ 125 $ 164 $ 88 $ 11,876 $ - $ - $ 12,454 Total BPPR $ 5,173,585 $ 4,388,532 $ 3,095,548 $ 1,789,039 $ 913,802 $ 6,267,828 $ 2,859,549 $ 23,040 $ 24,510,923 December 31, 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 Pass $ 166,410 $ 417,169 $ 326,047 $ 164,887 $ 182,528 $ 410,836 $ 5,112 $ - $ 1,672,989 Watch - 116,794 39,319 71,237 93,239 98,365 - - 418,954 Special Mention - - 862 1,171 - 3,377 - - 5,410 Substandard - - - - 5,545 20,780 - - 26,325 Total commercial multi-family $ 166,410 $ 533,963 $ 366,228 $ 237,295 $ 281,312 $ 533,358 $ 5,112 $ - $ 2,123,678 Commercial real estate non-owner occupied Pass $ 396,712 $ 490,316 $ 170,074 $ 201,225 $ 86,595 $ 394,455 $ 6,086 $ - $ 1,745,463 Watch - 39,721 38,713 43,705 39,908 91,922 4,557 - 258,526 Special Mention - - - - 1,327 63,365 - - 64,692 Substandard - - - 8,054 1,702 3,730 - - 13,486 Total commercial real estate non- owner occupied $ 396,712 $ 530,037 $ 208,787 $ 252,984 $ 129,532 $ 553,472 $ 10,643 $ - $ 2,082,167 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 193 $ - $ - $ 193 Commercial real estate owner occupied Pass $ 303,202 $ 278,380 $ 226,289 $ 58,505 $ 47,083 $ 204,888 $ 9,753 $ - $ 1,128,100 Watch - 69,894 84,218 53,066 14,057 98,502 1,905 - 321,642 Special Mention - - 77,912 4,955 6,074 11,224 - - 100,165 Substandard - 477 2,430 - 21,763 107,675 - - 132,345 Total commercial real estate owner occupied $ 303,202 $ 348,751 $ 390,849 $ 116,526 $ 88,977 $ 422,289 $ 11,658 $ - $ 1,682,252 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 1,395 $ - $ - $ 1,395 December 31, 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 and industrial Pass $ 196,959 $ 278,238 $ 346,428 $ 268,835 $ 148,502 $ 379,635 $ 414,883 $ - $ 2,033,480 Watch 198 37,022 47,299 44,939 23,493 93,299 32,497 - 278,747 Special Mention 208 889 1,021 30 151 39 8,674 - 11,012 Substandard 636 628 152 1,152 730 1,841 1,517 - 6,656 Total commercial and industrial $ 198,001 $ 316,777 $ 394,900 $ 314,956 $ 172,876 $ 474,814 $ 457,571 $ - $ 2,329,895 Year-to-Date gross write-offs $ 247 $ 221 $ 1,994 $ 44 $ 1,320 $ - $ 49 $ - $ 3,875 Construction Pass $ 280,188 $ 251,627 $ 89,450 $ 14,733 $ 25,254 $ - $ - $ - $ 661,252 Watch - 22,867 12,869 - 21,896 782 - - 58,414 Special Mention 2,120 13,151 - - - - - - 15,271 Substandard - 1 13,997 3,895 - 36,593 - - 54,486 Total construction $ 282,308 $ 287,646 $ 116,316 $ 18,628 $ 47,150 $ 37,375 $ - $ - $ 789,423 Mortgage Pass $ 99,296 $ 229,720 $ 288,767 $ 233,805 $ 177,245 $ 264,069 $ - $ - $ 1,292,902 Substandard - 235 - 646 2,102 8,208 - - 11,191 Total mortgage $ 99,296 $ 229,955 $ 288,767 $ 234,451 $ 179,347 $ 272,277 $ - $ - $ 1,304,093 December 31, 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 $ - $ - $ - $ - $ - $ - $ 19 $ - $ 19 Total credit cards $ - $ - $ - $ - $ - $ - $ 19 $ - $ 19 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 1 $ - $ 1 HELOCs Pass $ - $ - $ - $ - $ - $ 7,394 $ 39,925 $ 12,253 $ 59,572 Substandard - - - - - 1,849 - 966 2,815 Loss - - - - - 99 - 819 918 Total HELOCs $ - $ - $ - $ - $ - $ 9,342 $ 39,925 $ 14,038 $ 63,305 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 471 $ - $ - $ 471 Personal Pass $ 41,016 $ 93,759 $ 23,325 $ 2,993 $ 3,597 $ 1,441 $ - $ - $ 166,131 Substandard 333 1,630 325 50 126 211 - - 2,675 Loss - - - - 1 130 - - 131 Total Personal $ 41,349 $ 95,389 $ 23,650 $ 3,043 $ 3,724 $ 1,782 $ - $ - $ 168,937 Year-to-Date gross write-offs $ 735 $ 13,136 $ 4,450 $ 618 $ 872 $ 160 $ - $ - $ 19,971 Other consumer Pass $ 19 $ - $ - $ - $ - $ - $ 10,259 $ - $ 10,278 Substandard - - - - - - 1 - 1 Total Other consumer $ 19 $ - $ - $ - $ - $ - $ 10,260 $ - $ 10,279 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 171 $ - $ 171 Total Popular U.S. $ 1,487,297 $ 2,342,518 $ 1,789,497 $ 1,177,883 $ 902,918 $ 2,304,709 $ 535,188 $ 14,038 $ 10,554,048 December 31, 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 Pass $ 204,386 $ 555,788 $ 347,381 $ 185,374 $ 215,082 $ 435,084 $ 5,418 $ - $ 1,948,513 Watch - 116,794 39,319 71,237 94,307 103,544 - - 425,201 Special Mention - 559 862 1,171 - 8,157 - - 10,749 Substandard - - - - 5,545 25,612 - - 31,157 Total commercial multi-family $ 204,386 $ 673,141 $ 387,562 $ 257,782 $ 314,934 $ 572,397 $ 5,418 $ - $ 2,415,620 Commercial real estate non-owner occupied Pass $ 701,955 $ 1,361,507 $ 730,859 $ 561,078 $ 127,857 $ 958,249 $ 13,128 $ - $ 4,454,633 Watch 1,959 40,603 43,918 65,916 45,846 118,937 4,557 - 321,736 Special Mention 43,020 5,413 24,730 - 17,170 131,733 - - 222,066 Substandard 1,016 1,307 180 10,285 55,431 16,698 4,069 - 88,986 Total commercial real estate non- owner occupied $ 747,950 $ 1,408,830 $ 799,687 $ 637,279 $ 246,304 $ 1,225,617 $ 21,754 $ - $ 5,087,421 Year-to-Date gross write-offs $ - $ - $ - $ 609 $ - $ 714 $ - $ - $ 1,323 Commercial real estate owner occupied Pass $ 395,436 $ 434,199 $ 453,535 $ 109,543 $ 71,267 $ 562,317 $ 18,899 $ - $ 2,045,196 Watch 2,947 115,000 94,131 57,351 19,074 160,719 2,905 - 452,127 Special Mention - 16,860 98,653 6,417 6,961 55,293 - - 184,184 Substandard 1,316 16,187 7,510 143,696 22,608 195,058 12,617 - 398,992 Doubtful - - - - - 136 - - 136 Total commercial real estate owner occupied $ 399,699 $ 582,246 $ 653,829 $ 317,007 $ 119,910 $ 973,523 $ 34,421 $ - $ 3,080,635 Year-to-Date gross write-offs $ - $ 4 $ - $ - $ 1 $ 5,827 $ - $ - $ 5,832 Commercial and industrial Pass $ 1,306,857 $ 912,639 $ 858,340 $ 510,287 $ 271,960 $ 638,507 $ 1,758,768 $ - $ 6,257,358 Watch 29,039 132,807 53,410 48,982 39,053 158,659 215,253 - 677,203 Special Mention 6,609 4,158 1,297 3,230 2,239 41,328 18,084 - 76,945 Substandard 1,367 2,388 8,796 23,217 2,652 33,928 42,187 - 114,535 Doubtful - - - 54 - 26 - - 80 Total commercial and industrial $ 1,343,872 $ 1,051,992 $ 921,843 $ 585,770 $ 315,904 $ 872,448 $ 2,034,292 $ - $ 7,126,121 Year-to-Date gross write-offs $ 1,143 $ 405 $ 2,209 $ 379 $ 1,875 $ 1,086 $ 4,517 $ - $ 11,614 December 31, 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 Pass $ 306,850 $ 276,089 $ 116,814 $ 25,491 $ 27,198 $ 1,049 $ 38,720 $ - $ 792,211 Watch - 39,413 18,327 - 21,896 782 9,506 - 89,924 Special Mention 2,120 13,151 1,009 - - - 1 - 16,281 Substandard - 6,379 13,997 3,895 - 36,593 - - 60,864 Total construction $ 308,970 $ 335,032 $ 150,147 $ 29,386 $ 49,094 $ 38,424 $ 48,227 $ - $ 959,280 Year-to-Date gross write-offs $ - $ 2,611 $ - $ - $ - $ - $ - $ - $ 2,611 Mortgage Pass $ 850,828 $ 669,093 $ 710,064 $ 493,217 $ 341,683 $ 4,544,578 $ - $ - $ 7,609,463 Substandard 96 396 162 991 4,708 80,101 - - 86,454 Total mortgage $ 850,924 $ 669,489 $ 710,226 $ 494,208 $ 346,391 $ 4,624,679 $ - $ - $ 7,695,917 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 1,638 $ - $ - $ 1,638 Leasing Pass $ 647,659 $ 488,506 $ 313,133 $ 163,189 $ 88,983 $ 21,706 $ - $ - $ 1,723,176 Substandard 806 2,516 3,053 906 818 517 - - 8,616 Loss - - - - - 17 - - 17 Total leasing $ 648,465 $ 491,022 $ 316,186 $ 164,095 $ 89,801 $ 22,240 $ - $ - $ 1,731,809 Year-to-Date gross write-offs $ 1,065 $ 4,424 $ 2,878 $ 849 $ 976 $ 687 $ - $ - $ 10,879 December 31, 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 Pass $ - $ - $ - $ - $ - $ - $ 1,112,466 $ - $ 1,112,466 Substandard - - - - - - 23,259 - 23,259 Loss - - - - - - 22 - 22 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,135,747 $ - $ 1,135,747 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 41,008 $ - $ 41,008 HELOCs Pass $ - $ - $ - $ - $ - $ 7,394 $ 42,547 $ 12,253 $ 62,194 Substandard - - - - - 1,849 26 966 2,841 Loss - - - - - 99 - 819 918 Total HELOCs $ - $ - $ - $ - $ - $ 9,342 $ 42,573 $ 14,038 $ 65,953 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 471 $ 213 $ - $ 684 Personal Pass $ 900,450 $ 574,530 $ 204,808 $ 60,220 $ 62,446 $ 98,397 $ - $ 22,034 $ 1,922,885 Substandard 2,148 6,615 2,264 543 1,059 8,533 - 1,006 22,168 Loss $ - $ - $ 14 $ - $ 13 $ 167 $ - $ - $ 194 Total Personal $ 902,598 $ 581,145 $ 207,086 $ 60,763 $ 63,518 $ 107,097 $ - $ 23,040 $ 1,945,247 Year-to-Date gross write-offs $ 5,193 $ 49,051 $ 22,526 $ 4,828 $ 5,763 $ 3,112 $ - $ 1,475 $ 91,948 Auto Pass $ 1,210,622 $ 899,797 $ 711,439 $ 405,768 $ 260,355 $ 120,318 $ - $ - $ 3,608,299 Substandard 6,980 14,049 11,916 9,157 7,051 3,199 - - 52,352 Loss 9 44 45 16 9 6 - - 129 Total Auto $ 1,217,611 $ 913,890 $ 723,400 $ 414,941 $ 267,415 $ 123,523 $ - $ - $ 3,660,780 Year-to-Date gross write-offs $ 10,170 $ 23,849 $ 11,820 $ 5,914 $ 3,553 $ - $ - $ - $ 55,306 Other consumer Pass $ 36,163 $ 24,238 $ 14,942 $ 5,618 $ 3,433 $ 2,753 $ 72,055 $ - $ 159,202 Substandard 244 25 - 73 16 131 250 - 739 Loss - - 137 - - 363 - - 500 Total Other consumer $ 36,407 $ 24,263 $ 15,079 $ 5,691 $ 3,449 $ 3,247 $ 72,305 $ - $ 160,441 Year-to-Date gross write-offs $ 47 $ 154 $ 125 $ 164 $ 88 $ 11,876 $ 171 $ - $ 12,625 Total Popular Inc. $ 6,660,882 $ 6,731,050 $ 4,885,045 $ 2,966,922 $ 1,816,720 $ 8,572,537 $ 3,394,737 $ 37,078 $ 35,064,971

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- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-11B + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-5 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481962/310-10-50-29 + Details
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