Goodwill and other intangible assets (Tables)

6 Months Ended

Jun. 30, 2011

Carrying Amount of Goodwill by Reportable Segments and Corporate Group

The changes in the carrying amount of goodwill for the six months ended June 30, 2011 and 2010, allocated by reportable segments and corporate group, were as follows (refer to Note 30 for the definition of the Corporation’s reportable segments):

2011
(In thousands)	Balance at January 1, 2011		Goodwill on acquisition		Purchase accounting adjustments			Other		Balance at June 30, 2011
Banco Popular de Puerto Rico	$	245,309	$	—	$	(69	)	$	—	$	245,240
Banco Popular North America		402,078		—		—			—		402,078
Total Popular, Inc.	$	647,387	$	—	$	(69	)	$	—	$	647,318
2010
(In thousands)	Balance at January 1, 2010		Goodwill on acquisition		Purchase accounting adjustments			Other		Balance at June 30, 2010
Banco Popular de Puerto Rico	$	157,025	$	86,841	$	—		$	—	$	243,866
Banco Popular North America		402,078		—		—			—		402,078
Corporate		45,246		—		—			—		45,246
Total Popular, Inc.	$	604,349	$	86,841	$	—		$	—	$	691,190

Purchase accounting adjustments consists of adjustments to the value of the assets acquired and liabilities assumed resulting from the completion of appraisals or other valuations, adjustments to initial estimates recorded for transaction costs, if any, and contingent consideration paid during a contractual contingency period.

The goodwill recognized in the BPPR reportable segment during the 2010 relates to the Westernbank FDIC-assisted transaction.

The following table presents the gross amount of goodwill and accumulated impairment losses by reportable segments and Corporate group.

2011
(In thousands)	Balance at January 1, 2011 (gross amounts)		Accumulated impairment losses		Balance at January  1, 2011 (net amounts)		Balance at June 30, 2011 (gross amounts)		Accumulated impairment losses		Balance at June 30, 2011 (net amounts)
Banco Popular de Puerto Rico	$	245,309	$	—	$	245,309	$	245,240	$	—	$	245,240
Banco Popular North America		566,489		164,411		402,078		566,489		164,411		402,078
Total Popular, Inc.	$	811,798	$	164,411	$	647,387	$	811,729	$	164,411	$	647,318
2010
(In thousands)	Balance at January 1, 2010 (gross amounts)		Accumulated impairment losses		Balance at January 1, 2010 (net amounts)		Balance at June 30, 2010 (gross amounts)		Accumulated impairment losses		Balance at June 30, 2010 (net amounts)
Banco Popular de Puerto Rico	$	157,025	$	—	$	157,025	$	243,866	$	—	$	243,866
Banco Popular North America		566,489		164,411		402,078		566,489		164,411		402,078
Corporate		45,429		183		45,246		45,429		183		45,246
Total Popular, Inc.	$	768,943	$	164,594	$	604,349	$	855,784	$	164,594	$	691,190

Components of Other Intangible Assets Subject to Amortization

The following table reflects the components of other intangible assets subject to amortization:

	June 30, 2011				December 31, 2010				June 30, 2010
(In thousands)	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Core deposits	$	80,591	$	34,008	$	80,591	$	29,817	$	80,591	$	25,625
Other customer relationships		5,092		3,726		5,092		3,430		8,743		6,372
Other intangibles		189		66		189		43		125		90
Total	$	85,872	$	37,800	$	85,872	$	33,290	$	89,459	$	32,087

Estimated Amortization of the Intangible Assets with Definite Useful Lives

The following table presents the estimated amortization of the intangible assets with definite useful lives for each of the following periods:

(In thousands)
Remaining 2011	$	4,510
Year 2012		8,493
Year 2013		8,309
Year 2014		7,666
Year 2015		5,522
Year 2016		5,252