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Allowance for credit losses - loans held-in-portfolio (Tables) | 6 Months Ended
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Jun. 30, 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 quarter and six months ended June 30, 2024 and 2023. For the quarter ended June 30, 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 $ 3,567 $ (264) $ - $ - $ - $ 3,303 Commercial real estate non-owner occupied 53,666 (324) - - 44 53,386 Commercial real estate owner occupied 43,537 (5,296) - - 1,134 39,375 Commercial and industrial 102,844 14,440 - (8,072) 2,051 111,263 Total Commercial 203,614 8,556 - (8,072) 3,229 207,327 Construction 3,114 524 - - - 3,638 Mortgage 76,564 (6,419) 6 (26) 3,775 73,900 Leasing 8,991 8,094 - (3,841) 1,141 14,385 Consumer Credit cards 88,169 11,856 - (16,419) 2,707 86,313 Home equity lines of credit 102 22 - (94) 53 83 Personal 99,504 15,492 - (23,293) 2,318 94,021 Auto 157,456 10,250 - (16,609) 6,352 157,449 Other 6,808 210 - (680) 151 6,489 Total Consumer 352,039 37,830 - (57,095) 11,581 344,355 Total - Loans $ 644,322 $ 48,585 $ 6 $ (69,034) $ 19,726 $ 643,605 Allowance for credit losses - unfunded commitments: Commercial $ 4,942 $ 598 $ - $ - $ - $ 5,540 Construction 1,441 654 - - - 2,095 Ending balance - unfunded commitments [1] $ 6,383 $ 1,252 $ - $ - $ - $ 7,635 [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 June 30, 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 $ 9,176 $ (1,303) $ - $ 4 $ 7,877 Commercial real estate non-owner occupied 11,958 (1,151) - 42 10,849 Commercial real estate owner occupied 20,270 (1,514) - 59 18,815 Commercial and industrial 17,574 (1,367) (1,195) 207 15,219 Total Commercial 58,978 (5,335) (1,195) 312 52,760 Construction 8,025 1,126 - 100 9,251 Mortgage 9,874 (502) (18) 35 9,389 Consumer Home equity lines of credit 1,770 (510) (14) 397 1,643 Personal 16,573 795 (4,596) 655 13,427 Other 2 (2) (18) 20 2 Total Consumer 18,345 283 (4,628) 1,072 15,072 Total - Loans $ 95,222 $ (4,428) $ (5,841) $ 1,519 $ 86,472 Allowance for credit losses - unfunded commitments: Commercial $ 2,542 $ 308 $ - $ - $ 2,850 Construction 7,837 562 - - 8,399 Consumer 5 (5) - - - Ending balance - unfunded commitments [1] $ 10,384 $ 865 $ - $ - $ 11,249 [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 June 30, 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 $ 12,743 $ (1,567) $ - $ - $ 4 $ 11,180 Commercial real estate non-owner occupied 65,624 (1,475) - - 86 64,235 Commercial real estate owner occupied 63,807 (6,810) - - 1,193 58,190 Commercial and industrial 120,418 13,073 - (9,267) 2,258 126,482 Total Commercial 262,592 3,221 - (9,267) 3,541 260,087 Construction 11,139 1,650 - - 100 12,889 Mortgage 86,438 (6,921) 6 (44) 3,810 83,289 Leasing 8,991 8,094 - (3,841) 1,141 14,385 Consumer Credit cards 88,169 11,856 - (16,419) 2,707 86,313 Home equity lines of credit 1,872 (488) - (108) 450 1,726 Personal 116,077 16,287 - (27,889) 2,973 107,448 Auto 157,456 10,250 - (16,609) 6,352 157,449 Other 6,810 208 - (698) 171 6,491 Total Consumer 370,384 38,113 - (61,723) 12,653 359,427 Total - Loans $ 739,544 $ 44,157 $ 6 $ (74,875) $ 21,245 $ 730,077 Allowance for credit losses - unfunded commitments: Commercial $ 7,484 $ 906 $ - $ - $ - $ 8,390 Construction 9,278 1,216 - - - 10,494 Consumer 5 (5) - - - - Ending balance - unfunded commitments [1] $ 16,767 $ 2,117 $ - $ - $ - $ 18,884 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 2024 BPPR Provision for Allowance for Beginning credit losses credit losses - Ending (In thousands) Balance (benefit) PCD Loans Charge-off Recoveries Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 3,614 $ (312) $ - $ - $ 1 $ 3,303 Commercial real estate non-owner occupied 53,754 (737) - - 369 53,386 Commercial real estate owner occupied 40,637 (149) - (2,785) 1,672 39,375 Commercial and industrial 107,577 14,816 - (14,741) 3,611 111,263 Total Commercial 205,582 13,618 - (17,526) 5,653 207,327 Construction 5,294 (1,656) - - - 3,638 Mortgage 72,440 (6,738) 23 (791) 8,966 73,900 Leasing 9,708 11,062 - (8,691) 2,306 14,385 Consumer Credit cards 80,487 33,496 - (32,815) 5,145 86,313 Home equity lines of credit 103 125 - (291) 146 83 Personal 101,181 35,755 - (47,642) 4,727 94,021 Auto 157,931 23,621 - (36,776) 12,673 157,449 Other 7,132 310 - (1,344) 391 6,489 Total Consumer 346,834 93,307 - (118,868) 23,082 344,355 Total - Loans $ 639,858 $ 109,593 $ 23 $ (145,876) $ 40,007 $ 643,605 Allowance for credit losses - unfunded commitments: Commercial $ 5,062 $ 478 $ - $ - $ - $ 5,540 Construction 1,618 477 - - - 2,095 Ending balance - unfunded commitments [1] $ 6,680 $ 955 $ - $ - $ - $ 7,635 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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 $ (1,813) $ (441) $ 5 $ 7,877 Commercial real estate non-owner occupied 11,699 (956) - 106 10,849 Commercial real estate owner occupied 16,227 2,505 - 83 18,815 Commercial and industrial 14,779 1,836 (1,759) 363 15,219 Total Commercial 52,831 1,572 (2,200) 557 52,760 Construction 7,392 1,759 - 100 9,251 Mortgage 10,774 (1,427) (18) 60 9,389 Consumer Home equity lines of credit 1,875 (763) (21) 552 1,643 Personal 16,609 5,786 (10,308) 1,340 13,427 Other 2 23 (49) 26 2 Total Consumer 18,486 5,046 (10,378) 1,918 15,072 Total - Loans $ 89,483 $ 6,950 $ (12,596) $ 2,635 $ 86,472 Allowance for credit losses - unfunded commitments: Commercial $ 1,851 $ 999 $ - $ - $ 2,850 Construction 8,446 (47) - - 8,399 Consumer 29 (29) - - - Ending balance - unfunded commitments [1] $ 10,326 $ 923 $ - $ - $ 11,249 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 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 $ (2,125) $ - $ (441) $ 6 $ 11,180 Commercial real estate non-owner occupied 65,453 (1,693) - - 475 64,235 Commercial real estate owner occupied 56,864 2,356 - (2,785) 1,755 58,190 Commercial and industrial 122,356 16,652 - (16,500) 3,974 126,482 Total Commercial 258,413 15,190 - (19,726) 6,210 260,087 Construction 12,686 103 - - 100 12,889 Mortgage 83,214 (8,165) 23 (809) 9,026 83,289 Leasing 9,708 11,062 - (8,691) 2,306 14,385 Consumer Credit cards 80,487 33,496 - (32,815) 5,145 86,313 Home equity lines of credit 1,978 (638) - (312) 698 1,726 Personal 117,790 41,541 - (57,950) 6,067 107,448 Auto 157,931 23,621 - (36,776) 12,673 157,449 Other 7,134 333 - (1,393) 417 6,491 Total Consumer 365,320 98,353 - (129,246) 25,000 359,427 Total - Loans $ 729,341 $ 116,543 $ 23 $ (158,472) $ 42,642 $ 730,077 Allowance for credit losses - unfunded commitments: Commercial $ 6,913 $ 1,477 $ - $ - $ - $ 8,390 Construction 10,064 430 - - - 10,494 Consumer 29 (29) - - - - Ending balance - unfunded commitments [1] $ 17,006 $ 1,878 $ - $ - $ - $ 18,884 [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 June 30, 2023 BPPR Provision for Allowance for Beginning credit losses credit losses - Net Write Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries down Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 4,756 $ 30 $ - $ - $ 1 $ - $ 4,787 Commercial real estate non-owner occupied 53,894 (98) - (609) 179 - 53,366 Commercial real estate owner occupied 46,009 (4,437) - (76) 405 - 41,901 Commercial and industrial 77,042 3,164 - (1,061) 2,492 - 81,637 Total Commercial 181,701 (1,341) - (1,746) 3,077 - 181,691 Construction 3,072 6,482 - - - - 9,554 Mortgage 89,077 (9,572) 10 (297) 3,681 - 82,899 Leasing 20,990 (5,470) - (2,540) 947 - 13,927 Consumer Credit cards 67,953 10,558 - (8,457) 1,955 (601) 71,408 Home equity lines of credit 100 (29) - (35) 60 - 96 Personal 88,408 20,279 - (16,601) 3,960 - 96,046 Auto 130,829 5,909 - (8,099) 5,608 - 134,247 Other 4,877 1,563 - (354) 154 - 6,240 Total Consumer 292,167 38,280 - (33,546) 11,737 (601) 308,037 Total - Loans $ 587,007 $ 28,379 $ 10 $ (38,129) $ 19,442 $ (601) $ 596,108 Allowance for credit losses - unfunded commitments: Commercial $ 4,900 $ 388 $ - $ - $ - $ - $ 5,288 Construction 1,946 1,164 - - - - 3,110 Ending balance - unfunded commitments [1] $ 6,846 $ 1,552 $ - $ - $ - $ - $ 8,398 [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 June 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 $ 20,610 $ 781 $ - $ 1 $ 21,392 Commercial real estate non-owner occupied 17,956 328 - 66 18,350 Commercial real estate owner occupied 8,488 1,174 (177) 21 9,506 Commercial and industrial 15,224 4,524 (2,081) 347 18,014 Total Commercial 62,278 6,807 (2,258) 435 67,262 Construction 1,258 520 - - 1,778 Mortgage 15,400 (2,315) - 109 13,194 Consumer Home equity lines of credit 1,853 55 (52) 218 2,074 Personal 21,321 2,169 (4,287) 579 19,782 Other 3 46 (47) - 2 Total Consumer 23,177 2,270 (4,386) 797 21,858 Total - Loans $ 102,113 $ 7,282 $ (6,644) $ 1,341 $ 104,092 Allowance for credit losses - unfunded commitments: Commercial $ 1,229 $ 119 $ - $ - $ 1,348 Construction 1,278 519 - - 1,797 Consumer 62 (12) - - 50 Ending balance - unfunded commitments [1] $ 2,569 $ 626 $ - $ - $ 3,195 [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 June 30, 2023 Popular Inc. Provision for Allowance for Beginning credit losses credit losses - Net write Ending (In thousands) Balance (benefit) PCD Loans Charge-offs Recoveries down Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 25,366 $ 811 $ - $ - $ 2 $ - $ 26,179 Commercial real estate non-owner occupied 71,850 230 - (609) 245 - 71,716 Commercial real estate owner occupied 54,497 (3,263) - (253) 426 - 51,407 Commercial and industrial 92,266 7,688 - (3,142) 2,839 - 99,651 Total Commercial 243,979 5,466 - (4,004) 3,512 - 248,953 Construction 4,330 7,002 - - - - 11,332 Mortgage 104,477 (11,887) 10 (297) 3,790 - 96,093 Leasing 20,990 (5,470) - (2,540) 947 - 13,927 Consumer Credit cards 67,953 10,558 - (8,457) 1,955 (601) 71,408 Home equity lines of credit 1,953 26 - (87) 278 - 2,170 Personal 109,729 22,448 - (20,888) 4,539 - 115,828 Auto 130,829 5,909 - (8,099) 5,608 - 134,247 Other 4,880 1,609 - (401) 154 - 6,242 Total Consumer 315,344 40,550 - (37,932) 12,534 (601) 329,895 Total - Loans $ 689,120 $ 35,661 $ 10 $ (44,773) $ 20,783 $ (601) $ 700,200 Allowance for credit losses - unfunded commitments: Commercial $ 6,129 $ 507 $ - $ - $ - $ - $ 6,636 Construction 3,224 1,683 - - - - 4,907 Consumer 62 (12) - - - - 50 Ending balance - unfunded commitments [1] $ 9,415 $ 2,178 $ - $ - $ - $ - $ 11,593 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 2023 BPPR Impact of Provision for Allowance for Beginning Adopting credit losses credit losses - Net write Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge-offs Recoveries down Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 5,210 $ - $ (424) $ - $ - $ 1 $ - $ 4,787 Commercial real estate non-owner occupied 52,475 - 1,186 - (609) 314 - 53,366 Commercial real estate owner occupied 48,393 (1,161) (7,167) - (79) 1,915 - 41,901 Commercial and industrial 68,217 (552) 12,983 - (2,668) 3,657 - 81,637 Total Commercial 174,295 (1,713) 6,578 - (3,356) 5,887 - 181,691 Construction 2,978 - 6,576 - - - - 9,554 Mortgage 117,344 (33,556) (8,305) 78 (1,143) 8,481 - 82,899 Leasing 20,618 (35) (4,736) - (3,957) 2,037 - 13,927 Consumer Credit cards 58,670 - 26,128 - (17,133) 4,344 (601) 71,408 Home equity lines of credit 103 - (68) - (68) 129 - 96 Personal 96,369 (7,020) 31,383 - (30,181) 5,495 - 96,046 Auto 129,735 (21) 14,228 - (20,217) 10,522 - 134,247 Other 15,433 - 1,798 - (11,361) 370 - 6,240 Total Consumer 300,310 (7,041) 73,469 - (78,960) 20,860 (601) 308,037 Total - Loans $ 615,545 $ (42,345) $ 73,582 $ 78 $ (87,416) $ 37,265 $ (601) $ 596,108 Allowance for credit losses - unfunded commitments: Commercial $ 4,336 $ - $ 952 $ - $ - $ - $ - $ 5,288 Construction 2,022 - 1,088 - - - - 3,110 Ending balance - unfunded commitments [1] $ 6,358 $ - $ 2,040 $ - $ - $ - $ - $ 8,398 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 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 $ - $ 288 $ - $ 3 $ 21,392 Commercial real estate non-owner occupied 19,065 - (2,633) - 1,918 18,350 Commercial real estate owner occupied 8,688 - 950 (177) 45 9,506 Commercial and industrial 12,227 - 7,052 (2,580) 1,315 18,014 Total Commercial 61,081 - 5,657 (2,757) 3,281 67,262 Construction 1,268 - 510 - - 1,778 Mortgage 17,910 (2,098) (2,741) - 123 13,194 Consumer Credit cards - - 1 (1) - - Home equity lines of credit 2,439 - (657) (195) 487 2,074 Personal 22,057 (1,140) 6,360 (8,457) 962 19,782 Other 2 - 95 (100) 5 2 Total Consumer 24,498 (1,140) 5,799 (8,753) 1,454 21,858 Total - Loans $ 104,757 $ (3,238) $ 9,225 $ (11,510) $ 4,858 $ 104,092 Allowance for credit losses - unfunded commitments: Commercial $ 1,175 $ - $ 173 $ - $ - $ 1,348 Construction 1,184 - 613 - - 1,797 Consumer 88 - (38) - - 50 Ending balance - unfunded commitments [1] $ 2,447 $ - $ 748 $ - $ - $ 3,195 [1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition. For the six months ended June 30, 2023 Popular Inc. Impact Provision for Allowance for Beginning of adopting credit losses credit losses - Net write Ending (In thousands) Balance ASU 2022-02 (benefit) PCD Loans Charge- offs Recoverie s down Balance Allowance for credit losses - loans: Commercial Commercial multi-family $ 26,311 $ - $ (136) $ - $ - $ 4 $ - $ 26,179 Commercial real estate non-owner occupied 71,540 - (1,447) - (609) 2,232 - 71,716 Commercial real estate owner occupied 57,081 (1,161) (6,217) - (256) 1,960 - 51,407 Commercial and industrial 80,444 (552) 20,035 - (5,248) 4,972 - 99,651 Total Commercial 235,376 (1,713) 12,235 - (6,113) 9,168 - 248,953 Construction 4,246 - 7,086 - - - - 11,332 Mortgage 135,254 (35,654) (11,046) 78 (1,143) 8,604 - 96,093 Leasing 20,618 (35) (4,736) - (3,957) 2,037 - 13,927 Consumer Credit cards 58,670 - 26,129 - (17,134) 4,344 (601) 71,408 Home equity lines of credit 2,542 - (725) - (263) 616 - 2,170 Personal 118,426 (8,160) 37,743 - (38,638) 6,457 - 115,828 Auto 129,735 (21) 14,228 - (20,217) 10,522 - 134,247 Other 15,435 - 1,893 - (11,461) 375 - 6,242 Total Consumer 324,808 (8,181) 79,268 - (87,713) 22,314 (601) 329,895 Total - Loans $ 720,302 $ (45,583) $ 82,807 $ 78 $ (98,926) $ 42,123 $ (601) $ 700,200 Allowance for credit losses - unfunded commitments: Commercial $ 5,511 $ - $ 1,125 $ - $ - $ - $ - $ 6,636 Construction 3,206 - 1,701 - - - - 4,907 Consumer 88 - (38) - - - - 50 Ending balance - unfunded commitments [1] $ 8,805 $ - $ 2,788 $ - $ - $ - $ - $ 11,593 [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 and six months ended June 30, 2024 and June 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 June 30, 2024 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE owner occupied $ 33 - % $ - - % $ 33 - % Commercial and industrial 1,747 0.03 % - - % 1,747 0.02 % Mortgage 42 - % - - % 42 - % Consumer: Credit cards 422 0.04 % - - % 422 0.04 % Personal 848 0.05 % - - % 848 0.05 % Other 25 0.02 % - - % 25 0.02 % Total $ 3,117 0.01 % $ - - % $ 3,117 0.01 % Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE non-owner occupied $ 3,084 0.10 % $ - - % $ 3,084 0.06 % CRE owner occupied 1,134 0.08 % 6,071 0.35 % 7,205 0.23 % Commercial and industrial 23,059 0.46 % - - % 23,059 0.32 % Mortgage 16,933 0.26 % 642 0.05 % 17,575 0.22 % Consumer: Personal 238 0.01 % 136 0.10 % 374 0.02 % Auto 56 - % - - % 56 - % Total $ 44,504 0.18 % $ 6,849 0.07 % $ 51,353 0.14 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE non-owner occupied $ 57,071 1.92 % $ - - % $ 57,071 1.14 % CRE owner occupied 6,230 0.44 % - - % 6,230 0.20 % Commercial and industrial 52,124 1.04 % - - % 52,124 0.72 % Mortgage 127 - % - - % 127 - % Total $ 115,552 0.46 % $ - - % $ 115,552 0.32 % Combination - Term Extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Commercial and industrial $ 490 0.01 % $ - - % $ 490 0.01 % Mortgage 5,246 0.08 % 31 - % 5,277 0.07 % Consumer: Personal 2,190 0.13 % - - % 2,190 0.12 % Total $ 7,926 0.03 % $ 31 - % $ 7,957 0.02 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction Puerto Rico Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Commercial and industrial $ 89 - % $ - - % $ 89 - % Consumer: Credit cards 243 0.02 % - - % 243 0.02 % Total $ 332 - % $ - - % $ 332 - % Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the six months ended June 30, 2024 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE owner occupied $ 33 - % $ - - % $ 33 - % Commercial and industrial 2,122 0.04 % - - % 2,122 0.03 % Mortgage 42 - % - - % 42 - % Consumer: Credit cards 549 0.05 % - - % 549 0.05 % Personal 1,085 0.06 % - - % 1,085 0.06 % Other 25 0.02 % - - % 25 0.02 % Total $ 3,856 0.02 % $ - - % $ 3,856 0.01 % Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE non-owner occupied $ 39,484 1.33 % $ - - % $ 39,484 0.79 % CRE owner occupied 11,718 0.83 % 6,071 0.35 % 17,789 0.57 % Commercial and industrial 23,767 0.48 % - - % 23,767 0.33 % Mortgage 29,868 0.45 % 642 0.05 % 30,510 0.39 % Consumer: Personal 436 0.02 % 141 0.10 % 577 0.03 % Auto 56 - % - - % 56 - % Total $ 105,329 0.42 % $ 6,854 0.07 % $ 112,183 0.32 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE non-owner occupied $ 57,071 1.92 % $ - - % $ 57,071 1.14 % CRE owner occupied 16,207 1.14 % - - % 16,207 0.52 % Commercial and industrial 56,477 1.13 % - - % 56,477 0.78 % Mortgage 127 - % - - % 127 - % Total $ 129,882 0.52 % $ - - % $ 129,882 0.36 % Combination - Term Extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable CRE non-owner occupied $ 890 0.03 % $ - - % $ 890 0.02 % Commercial and industrial 586 0.01 % - - % 586 0.01 % Mortgage 8,655 0.13 % 68 0.01 % 8,723 0.11 % Consumer: Personal 3,234 0.19 % 144 0.11 % 3,378 0.18 % Total $ 13,365 0.05 % $ 212 - % $ 13,577 0.04 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction Puerto Rico Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2024 % of total class of Financing Receivable Commercial and industrial $ 89 - % $ - - % $ 89 - % Consumer: Credit cards 539 0.05 % - - % 539 0.05 % Total $ 628 - % $ - - % $ 628 - % Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the quarter ended June 30, 2023 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollar in thousands) Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Consumer: Credit cards $ 222 0.02 % $ - - % $ 222 0.02 % Personal 196 0.01 % 3 - % 199 0.01 % Total $ 418 - % $ 3 - % $ 421 - % Term Extension BPPR Popular U.S. Popular, Inc. (Dollar in thousands) Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable CRE non-owner occupied $ 24,978 0.86 % $ - - % $ 24,978 0.53 % CRE owner occupied 1,434 0.10 % 15,715 0.97 % 17,149 0.56 % Commercial and industrial 21,610 0.54 % - - % 21,610 0.35 % Construction 5,422 3.12 % - - % 5,422 0.66 % Mortgage 10,694 0.17 % 2,676 0.21 % 13,370 0.18 % Consumer: Personal 48 - % 113 0.05 % 161 0.01 % Auto 38 - % - - % 38 - % Total $ 64,224 0.28 % $ 18,504 0.19 % $ 82,728 0.25 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollar in thousands) Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable CRE owner occupied $ 748 0.05 % $ - - % $ 748 0.02 % Mortgage 137 - % - - % 137 - % Total $ 885 - % $ - - % $ 885 - % Combination - Term Extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollar in thousands) Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Commercial and industrial $ 58 - % $ - - % $ 58 - % Mortgage 11,372 0.18 % 81 0.01 % 11,453 0.15 % Consumer: Personal 489 0.03 % - - % 489 0.03 % Total $ 11,919 0.05 % $ 81 - % $ 12,000 0.04 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction Puerto Rico Popular U.S. Popular, Inc. (Dollar in thousands) Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Commercial and industrial $ 78 - % $ - - % $ 78 - % Consumer: Credit cards 190 0.02 % - - % 190 0.02 % Total $ 268 - % $ - - % $ 268 - % Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the six months ended June 30, 2023 Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Mortgage $ 226 - % $ - - % $ 226 - % Consumer: Credit cards 427 0.04 % - - % 427 0.04 % Personal 313 0.02 % 3 - % 316 0.02 % Other 3 - % - - % 3 - % Total $ 969 - % $ 3 - % $ 972 - % Term Extension BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable CRE non-owner occupied $ 24,978 0.86 % $ - - % $ 24,978 0.53 % CRE owner occupied 3,159 0.22 % 15,715 0.97 % 18,874 0.62 % Commercial and industrial 25,069 0.62 % - - % 25,069 0.40 % Construction 5,422 3.12 % 4,700 0.73 % 10,122 1.23 % Mortgage 25,100 0.41 % 4,515 0.35 % 29,615 0.40 % Consumer: Personal 74 - % 165 0.08 % 239 0.01 % Auto 38 - % - - % 38 - % Total $ 83,840 0.36 % $ 25,095 0.25 % $ 108,935 0.33 % Other-Than-Insignificant Payment Delays BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable CRE non-owner occupied $ 1,743 0.06 % $ - - % $ 1,743 0.04 % CRE owner occupied 13,812 0.97 % 13,650 0.85 % 27,462 0.90 % Commercial and industrial 1,395 0.03 % 822 0.04 % 2,217 0.04 % Mortgage 137 - % - - % 137 - % Total $ 17,087 0.07 % $ 14,472 0.15 % $ 31,559 0.10 % Combination - Term Extension and Interest Rate Reduction BPPR Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable CRE owner occupied $ 101 0.01 % $ - - % $ 101 0.01 % Commercial and industrial 58 - % - - % 58 - % Mortgage 21,805 0.35 % 408 0.03 % 22,213 0.30 % Consumer: Personal 907 0.05 % - - % 907 0.05 % Auto 28 - % - - % 28 - % Total $ 22,899 0.10 % $ 408 - % $ 23,307 0.07 % Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction Puerto Rico Popular U.S. Popular, Inc. (Dollars in thousands) Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Amortized Cost Basis at June 30, 2023 % of total class of Financing Receivable Commercial and industrial $ 78 0.00% $ - - $ 78 0.00% Consumer: Credit cards 445 0.04% - - 445 0.04% Total $ 523 0.00% $ - - $ 523 0.00% The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulties: For the quarter ended June 30, 2024 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 12.0 % to 5 .0% Commercial and industrial Reduced weighted-average contractual interest rate from 18 .0% to 9.3 %. Mortgage Reduced weighted-average contractual interest rate from 6.35 % to 4.44 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 19.73 % to 4.16 %. Personal Reduced weighted-average contractual interest rate from 19.2 % to 10.1 %. Other Reduced weighted-average contractual interest rate from 18 .0% to 0 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 2 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 11 months to the life of loans. Mortgage Added a weighted-average of 13 years to the life of loans. Consumer: Personal Added a weighted-average of 10 years to the life of loans. Auto Added a weighted-average of 4 years to the life of loans. Other than insignificant payment delays 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 11 months to the life of loans. Mortgage Added a weighted-average of 30 months to the life of loans. Consumer: Credit cards Added a weighted-average of 24 months to the life of loans. For the six months ended June 30, 2024 Interest rate reduction Loan Type Financial Effect CRE Non-owner occupied Reduced weighted-average contractual interest rate from 10.1 % to 8.3 %. CRE Owner occupied Reduced weighted-average contractual interest rate from 12.0 % to 5 .0%. Commercial and industrial Reduced weighted-average contractual interest rate from 19.2 % to 9.4 %. Mortgage Reduced weighted-average contractual interest rate from 6.2 % to 4.5 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 20.2 % to 5 .0%. Personal Reduced weighted-average contractual interest rate from 18.8 % to 10 .0%. Other Reduced weighted-average contractual interest rate from 18 .0% to 0 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 11 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 11 months to the life of loans. Mortgage Added a weighted-average of 13 years to the life of loans. Consumer: Personal Added a weighted-average of 10 years to the life of loans. Auto Added a weighted-average of 4 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 11 months to the life of loans. Commercial and industrial Added a weighted-average of 11 months to the life of loans. Mortgage Added a weighted-average of 30 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 June 30, 2023 Interest rate reduction Loan Type Financial Effect Commercial and industrial Reduced weighted-average contractual interest rate from 21.7 % to 8 .0%. Mortgage Reduced weighted-average contractual interest rate from 5.6 % to 4.1 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.6 % to 4.7 %. Personal Reduced weighted-average contractual interest rate from 20.3 % to 10.7 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 10 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 1 month to the life of loans. Construction Added a weighted-average of 6 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 6 years to the life of loans. Auto Added a weighted-average of 3 years to the life of loans. Other than insignificant payment delay Loan Type Financial Effect CRE Owner occupied Added a weighted-average of 24 months to the life of loans. Commercial and industrial Added a weighted-average of 24 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 24 months to the life of loans. For the six months ended June 30, 2023 Interest rate reduction Loan Type Financial Effect CRE Owner occupied Reduced weighted-average contractual interest rate from 6 .0% to 5.3 %. Commercial and industrial Reduced weighted-average contractual interest rate from 21.7 % to 8 .0%. Mortgage Reduced weighted-average contractual interest rate from 5.7 % to 4.2 %. Consumer: Credit cards Reduced weighted-average contractual interest rate from 17.6 % to 4.6 %. Personal Reduced weighted-average contractual interest rate from 18.9 % to 10.3 %. 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 %. Term extension Loan Type Financial Effect CRE Non-owner occupied Added a weighted-average of 10 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 1 year 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 6 years to the life of loans. Auto Added a weighted-average of 3 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 8 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 40 months to the life of loans. Consumer: Credit cards Added a weighted-average of 24 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 June 30, 2024. BPPR June 30, 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 $ - $ - $ 64 $ 64 $ - $ 64 $ - $ 64 CRE non-owner occupied 176 - 2,847 3,023 123,280 126,303 - 2,847 CRE owner occupied 335 - 1,976 2,311 187,369 189,680 - 1,976 Commercial and industrial 379 27 16,325 16,731 81,051 97,782 11,994 4,331 Mortgage 8,969 3,596 23,535 36,100 46,337 82,437 4,833 18,702 Consumer: Credit cards 81 174 113 368 1,269 1,637 79 34 Personal 78 172 1,461 1,711 5,085 6,796 232 1,229 Auto - - 48 48 59 107 - 48 Other - - 25 25 4 29 - 25 Total $ 10,018 $ 3,969 $ 46,394 $ 60,381 $ 444,454 $ 504,835 $ 17,138 $ 29,256 [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. June 30, 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 $ - $ - $ - $ - $ 48,948 $ 48,948 $ - $ - Mortgage - - 772 772 919 1,691 - 772 Consumer: Personal 19 24 110 153 164 317 3 107 Total $ 19 $ 24 $ 882 $ 925 $ 50,031 $ 50,956 $ 3 $ 879 [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. June 30, 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 $ - $ - $ 64 $ 64 $ - $ 64 $ - $ 64 CRE non-owner occupied 176 - 2,847 3,023 123,280 126,303 - 2,847 CRE owner occupied 335 - 1,976 2,311 236,317 238,628 - 1,976 Commercial and industrial 379 27 16,325 16,731 81,051 97,782 11,994 4,331 Mortgage 8,969 3,596 24,307 36,872 47,256 84,128 4,833 19,474 Consumer: Credit cards 81 174 113 368 1,269 1,637 79 34 Personal 97 196 1,571 1,864 5,249 7,113 235 1,336 Auto - - 48 48 59 107 - 48 Other - - 25 25 4 29 - 25 Total $ 10,037 $ 3,993 $ 47,276 $ 61,306 $ 494,485 $ 555,791 $ 17,141 $ 30,135 [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. BPPR June 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 $ - $ - $ 428 $ 428 $ 26,293 $ 26,721 $ - $ 428 CRE owner occupied - - 2,338 2,338 14,752 17,090 - 2,338 Commercial and industrial - - 872 872 25,728 26,600 114 758 Construction - - - - 5,422 5,422 - - Mortgage 3,158 1,611 16,213 20,982 26,286 47,268 1,047 15,166 Consumer: Credit cards 36 50 91 177 695 872 51 40 Personal 30 - 331 361 933 1,294 8 323 Auto - - 12 12 54 66 - 12 Other - - - - 3 3 - - Total $ 3,224 $ 1,661 $ 20,285 $ 25,170 $ 100,166 $ 125,336 $ 1,220 $ 19,065 [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. June 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 $ - $ - $ - $ - $ 29,365 $ 29,365 $ - $ - Commercial and industrial - - - - 822 822 - - Construction - - - - 4,700 4,700 - - Mortgage - - 340 340 4,583 4,923 104 236 Consumer: Personal - - 132 132 36 168 - 132 Total $ - $ - $ 472 $ 472 $ 39,506 $ 39,978 $ 104 $ 368 [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. June 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 $ - $ - $ 428 $ 428 $ 26,293 $ 26,721 $ - $ 428 CRE owner occupied - - 2,338 2,338 44,117 46,455 - 2,338 Commercial and industrial - - 872 872 26,550 27,422 114 758 Construction - - - - 10,122 10,122 - - Mortgage 3,158 1,611 16,553 21,322 30,869 52,191 1,151 15,402 Consumer: Credit cards 36 50 91 177 695 872 51 40 Personal 30 - 463 493 969 1,462 8 455 Auto - - 12 12 54 66 - 12 Other - - - - 3 3 - - Total $ 3,224 $ 1,661 $ 20,757 $ 25,642 $ 139,672 $ 165,314 $ 1,324 $ 19,433 [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.
Financing Receivable Credit Quality Indicators | June 30, 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 $ 44,388 $ 37,606 $ 137,410 $ 21,152 $ 20,313 $ 27,850 $ - $ - $ 288,719 Watch - - - - - 5,892 - - 5,892 Special Mention - - 550 - - 4,704 - - 5,254 Substandard - - - - - 5,046 - - 5,046 Total commercial multi-family $ 44,388 $ 37,606 $ 137,960 $ 21,152 $ 20,313 $ 43,492 $ - $ - $ 304,911 Commercial real estate non-owner occupied Pass $ 36,743 $ 309,981 $ 849,864 $ 555,370 $ 344,017 $ 571,249 $ 6,770 $ - $ 2,673,994 Watch - 2,013 702 4,978 30,125 44,203 - - 82,021 Special Mention - 41,841 7,046 24,527 - 70,888 - - 144,302 Substandard - 1,009 1,256 176 2,094 69,960 4,815 - 79,310 Total commercial real estate non- owner occupied $ 36,743 $ 354,844 $ 858,868 $ 585,051 $ 376,236 $ 756,300 $ 11,585 $ - $ 2,979,627 Commercial real estate owner occupied Pass $ 75,302 $ 95,573 $ 151,548 $ 220,420 $ 48,868 $ 347,176 $ 10,003 $ - $ 948,890 Watch 848 1,943 40,641 8,979 4,477 86,911 3 - 143,802 Special Mention - 924 19,723 20,479 897 21,180 1,324 - 64,527 Substandard 161 1,177 20,834 4,844 142,327 77,726 12,730 - 259,799 Doubtful - - - - - 94 - - 94 Total commercial real estate owner occupied $ 76,311 $ 99,617 $ 232,746 $ 254,722 $ 196,569 $ 533,087 $ 24,060 $ - $ 1,417,112 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 2,785 $ - $ - $ 2,785 Commercial and industrial Pass $ 477,695 $ 940,843 $ 626,694 $ 324,125 $ 230,338 $ 359,336 $ 1,169,333 $ - $ 4,128,364 Watch 18,325 55,880 48,329 158,512 3,602 75,664 221,013 - 581,325 Special Mention 4,889 13,700 5,188 3,697 2,779 41,292 36,044 - 107,589 Substandard 3,610 995 34,030 6,261 15,544 24,855 100,141 - 185,436 Doubtful - - - - 52 18 - - 70 Total commercial and industrial $ 504,519 $ 1,011,418 $ 714,241 $ 492,595 $ 252,315 $ 501,165 $ 1,526,531 $ - $ 5,002,784 Year-to-Date gross write-offs $ 345 $ 158 $ 305 $ 122 $ 24 $ 10,495 $ 3,292 $ - $ 14,741 Construction Pass $ 25,686 $ 40,086 $ 25,319 $ 20,051 $ 10,634 $ 1,011 $ 34,577 $ - $ 157,364 Watch - - 13,485 5,752 - - $ 124 - 19,361 Special Mention - - - 7,214 - - - - 7,214 Total construction $ 25,686 $ 40,086 $ 38,804 $ 33,017 $ 10,634 $ 1,011 $ 34,701 $ - $ 183,939 Mortgage Pass $ 413,438 $ 743,023 $ 425,050 $ 420,488 $ 246,273 $ 4,265,755 $ - $ - $ 6,514,027 Substandard - 1,309 629 254 349 73,952 - - 76,493 Total mortgage $ 413,438 $ 744,332 $ 425,679 $ 420,742 $ 246,622 $ 4,339,707 $ - $ - $ 6,590,520 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 791 $ - $ - $ 791 June 30, 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 $ 400,436 $ 538,440 $ 425,174 $ 263,168 $ 132,626 $ 61,146 $ - $ - $ 1,820,990 Substandard - 1,349 2,301 1,630 680 1,062 - - 7,022 Loss - 36 - - - - - - 36 Total leasing $ 400,436 $ 539,825 $ 427,475 $ 264,798 $ 133,306 $ 62,208 $ - $ - $ 1,828,048 Year-to-Date gross write-offs $ 178 $ 2,200 $ 3,012 $ 2,340 $ 306 $ 655 $ - $ - $ 8,691 Consumer: Credit cards Pass $ - $ - $ - $ - $ - $ - $ 1,138,608 $ - $ 1,138,608 Substandard - - - - - - 23,891 - 23,891 Loss - - - - - - 40 - 40 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,162,539 $ - $ 1,162,539 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 32,815 $ - $ 32,815 HELOCs Pass $ - $ - $ - $ - $ - $ - $ 2,216 $ - $ 2,216 Total HELOCs $ - $ - $ - $ - $ - $ - $ 2,216 $ - $ 2,216 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 291 $ - $ 291 Personal Pass $ 380,718 $ 666,660 $ 359,821 $ 137,380 $ 40,992 $ 117,620 $ - $ 21,471 $ 1,724,662 Substandard 138 4,026 3,828 1,311 421 9,115 - 1,108 19,947 Loss - 102 106 43 10 3 - - 264 Total Personal $ 380,856 $ 670,788 $ 363,755 $ 138,734 $ 41,423 $ 126,738 $ - $ 22,579 $ 1,744,873 Year-to-Date gross write-offs $ 18 $ 15,510 $ 21,112 $ 6,114 $ 1,782 $ 2,304 $ - $ 802 $ 47,642 Auto Pass $ 690,115 $ 1,078,214 $ 783,574 $ 602,107 $ 329,200 $ 243,514 $ - $ - $ 3,726,724 Substandard 901 11,772 11,837 8,971 6,415 6,553 - - 46,449 Loss - 25 60 23 7 4 - - 119 Total Auto $ 691,016 $ 1,090,011 $ 795,471 $ 611,101 $ 335,622 $ 250,071 $ - $ - $ 3,773,292 Year-to-Date gross write-offs $ 791 $ 17,837 $ 9,631 $ 5,185 $ 2,480 $ 852 $ - $ - $ 36,776 Other consumer Pass $ 16,622 $ 31,077 $ 21,348 $ 12,152 $ 5,106 $ 4,482 $ 61,517 $ - $ 152,304 Substandard - 238 23 550 34 62 322 - 1,229 Total Other consumer $ 16,622 $ 31,315 $ 21,371 $ 12,702 $ 5,140 $ 4,544 $ 61,839 $ - $ 153,533 Year-to-Date gross write-offs $ 7 $ 119 $ 79 $ 48 $ 109 $ 982 $ - $ - $ 1,344 Total BPPR $ 2,590,015 $ 4,619,842 $ 4,016,370 $ 2,834,614 $ 1,618,180 $ 6,618,323 $ 2,823,471 $ 22,579 $ 25,143,394 June 30, 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 $ 32,785 $ 154,256 $ 468,630 $ 347,730 $ 191,155 $ 629,870 $ 5,427 $ - $ 1,829,853 Watch - - 67,643 10,238 37,761 110,305 - - 225,947 Special Mention - - - - - 2,172 - - 2,172 Substandard - - - - - 21,597 - - 21,597 Total commercial multi-family $ 32,785 $ 154,256 $ 536,273 $ 357,968 $ 228,916 $ 763,944 $ 5,427 $ - $ 2,079,569 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 441 $ - $ - $ 441 Commercial real estate non-owner occupied Pass $ 24,268 $ 395,880 $ 493,349 $ 150,889 $ 223,208 $ 477,685 $ 11,171 $ - $ 1,776,450 Watch - - 14,673 31,660 18,644 73,443 - - 138,420 Special Mention - - - 2,390 - 63,324 - - 65,714 Substandard - - 2,693 2,783 7,937 30,848 - - 44,261 Total commercial real estate non- owner occupied $ 24,268 $ 395,880 $ 510,715 $ 187,722 $ 249,789 $ 645,300 $ 11,171 $ - $ 2,024,845 Commercial real estate owner occupied Pass $ 97,509 $ 289,013 $ 204,162 $ 217,184 $ 57,293 $ 262,894 $ 5,390 $ - $ 1,133,445 Watch - 13,859 34,236 37,529 50,930 96,991 1,905 - 235,450 Special Mention - - 79,973 114,080 4,890 10,970 - - 209,913 Substandard - - 31,245 2,396 - 114,256 - - 147,897 Total commercial real estate owner occupied $ 97,509 $ 302,872 $ 349,616 $ 371,189 $ 113,113 $ 485,111 $ 7,295 $ - $ 1,726,705 Commercial and industrial Pass $ 62,829 $ 253,424 $ 314,793 $ 336,229 $ 261,171 $ 508,963 $ 202,861 $ - $ 1,940,270 Watch 24 172 38,455 35,454 33,688 91,116 21,509 - 220,418 Special Mention 75 857 5,844 827 13 317 12,501 - 20,434 Substandard 1,891 760 284 112 2,644 2,082 3,678 - 11,451 Total commercial and industrial $ 64,819 $ 255,213 $ 359,376 $ 372,622 $ 297,516 $ 602,478 $ 240,549 $ - $ 2,192,573 Year-to-Date gross write-offs $ 1,103 $ 80 $ 190 $ 272 $ 5 $ 44 $ 65 $ - $ 1,759 Construction Pass $ 90,270 $ 401,442 $ 223,884 $ 53,149 $ - $ 25,027 $ 4,791 $ - $ 798,563 Watch - - 41,923 14,210 - 7,286 - - 63,419 Special Mention - 2,567 6,076 - - - - - 8,643 Substandard - - 7,713 9,133 - 34,349 - - 51,195 Total construction $ 90,270 $ 404,009 $ 279,596 $ 76,492 $ - $ 66,662 $ 4,791 $ - $ 921,820 Mortgage Pass $ 42,953 $ 93,273 $ 219,949 $ 279,757 $ 223,253 $ 422,468 $ - $ - $ 1,281,653 Substandard - - - 352 642 10,559 - - 11,553 Total mortgage $ 42,953 $ 93,273 $ 219,949 $ 280,109 $ 223,895 $ 433,027 $ - $ - $ 1,293,206 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 18 $ - $ - $ 18 June 30, 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 $ - $ - $ - $ - $ - $ - $ 18 $ - $ 18 Total credit cards $ - $ - $ - $ - $ - $ - $ 18 $ - $ 18 HELOCs Pass $ - $ - $ - $ - $ - $ 6,437 $ 43,896 $ 12,663 $ 62,996 Substandard - - - - - 1,885 17 855 2,757 Loss - - - - - 99 - 924 1,023 Total HELOCs $ - $ - $ - $ - $ - $ 8,421 $ 43,913 $ 14,442 $ 66,776 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 21 $ - $ - $ 21 Personal Pass $ 17,596 $ 31,715 $ 64,685 $ 14,788 $ 1,596 $ 2,514 $ - $ - $ 132,894 Substandard - 460 869 167 17 326 - - 1,839 Loss - 9 - - 4 - - - 13 Total Personal $ 17,596 $ 32,184 $ 65,554 $ 14,955 $ 1,617 $ 2,840 $ - $ - $ 134,746 Year-to-Date gross write-offs $ 50 $ 1,779 $ 6,523 $ 1,578 $ 139 $ 239 $ - $ - $ 10,308 Other consumer Pass $ 17 $ - $ - $ - $ - $ - $ 7,951 $ - $ 7,968 Total Other consumer $ 17 $ - $ - $ - $ - $ - $ 7,951 $ - $ 7,968 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 49 $ - $ 49 Total Popular U.S. $ 370,217 $ 1,637,687 $ 2,321,079 $ 1,661,057 $ 1,114,846 $ 3,007,783 $ 321,115 $ 14,442 $ 10,448,226 June 30, 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 $ 77,173 $ 191,862 $ 606,040 $ 368,882 $ 211,468 $ 657,720 $ 5,427 $ - $ 2,118,572 Watch - - 67,643 10,238 37,761 116,197 - - 231,839 Special Mention - - 550 - - 6,876 - - 7,426 Substandard - - - - - 26,643 - - 26,643 Total commercial multi-family $ 77,173 $ 191,862 $ 674,233 $ 379,120 $ 249,229 $ 807,436 $ 5,427 $ - $ 2,384,480 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 441 $ - $ - $ 441 Commercial real estate non-owner occupied Pass $ 61,011 $ 705,861 $ 1,343,213 $ 706,259 $ 567,225 $ 1,048,934 $ 17,941 $ - $ 4,450,444 Watch - 2,013 15,375 36,638 48,769 117,646 - - 220,441 Special Mention - 41,841 7,046 26,917 - 134,212 - - 210,016 Substandard - 1,009 3,949 2,959 10,031 100,808 4,815 - 123,571 Total commercial real estate non- owner occupied $ 61,011 $ 750,724 $ 1,369,583 $ 772,773 $ 626,025 $ 1,401,600 $ 22,756 $ - $ 5,004,472 Commercial real estate owner occupied Pass $ 172,811 $ 384,586 $ 355,710 $ 437,604 $ 106,161 $ 610,070 $ 15,393 $ - $ 2,082,335 Watch 848 15,802 74,877 46,508 55,407 183,902 1,908 - 379,252 Special Mention - 924 99,696 134,559 5,787 32,150 1,324 - 274,440 Substandard 161 1,177 52,079 7,240 142,327 191,982 12,730 - 407,696 Doubtful - - - - - 94 - - 94 Total commercial real estate owner occupied $ 173,820 $ 402,489 $ 582,362 $ 625,911 $ 309,682 $ 1,018,198 $ 31,355 $ - $ 3,143,817 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 2,785 $ - $ - $ 2,785 Commercial and industrial Pass $ 540,524 $ 1,194,267 $ 941,487 $ 660,354 $ 491,509 $ 868,299 $ 1,372,194 $ - $ 6,068,634 Watch 18,349 56,052 86,784 $ 193,966 $ 37,290 $ 166,780 $ 242,522 $ - $ 801,743 Special Mention 4,964 14,557 11,032 4,524 2,792 41,609 48,545 - 128,023 Substandard 5,501 1,755 34,314 6,373 18,188 26,937 103,819 - 196,887 Doubtful - - - - 52 18 - - 70 Total commercial and industrial $ 569,338 $ 1,266,631 $ 1,073,617 $ 865,217 $ 549,831 $ 1,103,643 $ 1,767,080 $ - $ 7,195,357 Year-to-Date gross write-offs $ 1,448 $ 238 $ 495 $ 394 $ 29 $ 10,539 $ 3,357 $ - $ 16,500 June 30, 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 $ 115,956 $ 441,528 $ 249,203 $ 73,200 $ 10,634 $ 26,038 $ 39,368 $ - $ 955,927 Watch - - 55,408 19,962 - 7,286 124 - 82,780 Special Mention - 2,567 6,076 7,214 - - - - 15,857 Substandard - - 7,713 9,133 - 34,349 - - 51,195 Total construction $ 115,956 $ 444,095 $ 318,400 $ 109,509 $ 10,634 $ 67,673 $ 39,492 $ - $ 1,105,759 Mortgage Pass $ 456,391 $ 836,296 $ 644,999 $ 700,245 $ 469,526 $ 4,688,223 $ - $ - $ 7,795,680 Substandard - 1,309 629 606 991 84,511 - - 88,046 Total mortgage $ 456,391 $ 837,605 $ 645,628 $ 700,851 $ 470,517 $ 4,772,734 $ - $ - $ 7,883,726 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 809 $ - $ - $ 809 Leasing Pass $ 400,436 $ 538,440 $ 425,174 $ 263,168 $ 132,626 $ 61,146 $ - $ - $ 1,820,990 Substandard - 1,349 2,301 1,630 680 1,062 - - 7,022 Loss - 36 - - - - - - 36 Total leasing $ 400,436 $ 539,825 $ 427,475 $ 264,798 $ 133,306 $ 62,208 $ - $ - $ 1,828,048 Year-to-Date gross write-offs $ 178 $ 2,200 $ 3,012 $ 2,340 $ 306 $ 655 $ - $ - $ 8,691 June 30, 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 $ - $ - $ - $ - $ - $ - $ 1,138,626 $ - $ 1,138,626 Substandard - - - - - - 23,891 - 23,891 Loss - - - - - - 40 - 40 Total credit cards $ - $ - $ - $ - $ - $ - $ 1,162,557 $ - $ 1,162,557 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ - $ 32,815 $ - $ 32,815 HELOCs Pass $ - $ - $ - $ - $ - $ 6,437 $ 46,112 $ 12,663 $ 65,212 Substandard - - - - - 1,885 17 855 2,757 Loss - - - - - 99 - 924 1,023 Total HELOCs $ - $ - $ - $ - $ - $ 8,421 $ 46,129 $ 14,442 $ 68,992 Year-to-Date gross write-offs $ - $ - $ - $ - $ - $ 21 $ 291 $ - $ 312 Personal Pass $ 398,314 $ 698,375 $ 424,506 $ 152,168 $ 42,588 $ 120,134 $ - $ 21,471 $ 1,857,556 Substandard 138 4,486 4,697 1,478 438 9,441 - 1,108 21,786 Loss - 111 106 43 14 3 - - 277 Total Personal $ 398,452 $ 702,972 $ 429,309 $ 153,689 $ 43,040 $ 129,578 $ - $ 22,579 $ 1,879,619 Year-to-Date gross write-offs $ 68 $ 17,289 $ 27,635 $ 7,692 $ 1,921 $ 2,543 $ - $ 802 $ 57,950 Auto Pass $ 690,115 $ 1,078,214 $ 783,574 $ 602,107 $ 329,200 $ 243,514 $ - $ - $ 3,726,724 Substandard 901 11,772 11,837 8,971 6,415 6,553 - - 46,449 Loss - 25 60 23 7 4 - - 119 Total Auto $ 691,016 $ 1,090,011 $ 795,471 $ 611,101 $ 335,622 $ 250,071 $ - $ - $ 3,773,292 Year-to-Date gross write-offs $ 791 $ 17,837 $ 9,631 $ 5,185 $ 2,480 $ 852 $ - $ - $ 36,776 Other consumer Pass $ 16,639 $ 31,077 $ 21,348 $ 12,152 $ 5,106 $ 4,482 $ 69,468 $ - $ 160,272 Substandard - 238 23 550 34 62 322 - 1,229 Total Other consumer $ 16,639 $ 31,315 $ 21,371 $ 12,702 $ 5,140 $ 4,544 $ 69,790 $ - $ 161,501 Year-to-Date gross write-offs $ 7 $ 119 $ 79 $ 48 $ 109 $ 982 $ 49 $ - $ 1,393 Total Popular Inc. $ 2,960,232 $ 6,257,529 $ 6,337,449 $ 4,495,671 $ 2,733,026 $ 9,626,106 $ 3,144,586 $ 37,021 $ 35,591,620 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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