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Allowance for loan losses (Tables)
 3 Months Ended
Mar. 31, 2019
Allowance for credit losses on financing receivables
For the quarter ended March 31, 2019
Puerto Rico
(In thousands)CommercialConstructionMortgageLeasingConsumerTotal
Allowance for credit losses:
Beginning balance$207,214$886$142,978$11,486$144,594$507,158
Provision (reversal of provision)(1,689)(81)6,061(891)28,05431,454
Charge-offs(19,461)(22)(13,174)(2,096)(35,869)(70,622)
Recoveries2,867391,99161010,88616,393
Ending balance$188,931$822$137,856$9,109$147,665$484,383
Specific ALLL$33,253$19$40,779$321$23,350$97,722
General ALLL$155,678$803$97,077$8,788$124,315$386,661
Loans held-in-portfolio:
Impaired non-covered loans$381,803$1,788$515,365$1,018$101,887$1,001,861
Non-covered loans held-in-portfolio
excluding impaired loans7,009,31989,5845,860,223962,2145,073,14918,994,489
Total loans held-in-portfolio$7,391,122$91,372$6,375,588$963,232$5,175,036$19,996,350

For the quarter ended March 31, 2019
Popular U.S.
(In thousands)CommercialConstructionMortgageLegacyConsumerTotal
Allowance for credit losses:
Beginning balance$31,901$6,538$4,434$969$18,348$62,190
Provision (reversal of provision)6,491128237(855)4,37010,371
Charge-offs(3,481)-(251)164(5,651)(9,219)
Recoveries6478225511,6752,903
Ending balance$35,558$6,674$4,442$829$18,742$66,245
Specific ALLL$223$-$2,360$-$1,653$4,236
General ALLL$35,335$6,674$2,082$829$17,089$62,009
Loans held-in-portfolio:
Impaired loans$1,691$12,060$9,438$-$8,987$32,176
Loans held-in-portfolio
excluding impaired loans4,665,497687,888822,15424,404419,2396,619,182
Total loans held-in-portfolio$4,667,188$699,948$831,592$24,404$428,226$6,651,358

For the quarter ended March 31, 2019
Popular, Inc.
(In thousands)CommercialConstructionMortgageLegacyLeasingConsumerTotal
Allowance for credit losses:
Beginning balance$239,115$7,424$147,412$969$11,486$162,942$569,348
Provision (reversal of provision)4,802476,298(855)(891)32,42441,825
Charge-offs(22,942)(22)(13,425)164(2,096)(41,520)(79,841)
Recoveries3,514472,01355161012,56119,296
Ending balance$224,489$7,496$142,298$829$9,109$166,407$550,628
Specific ALLL$33,476$19$43,139$-$321$25,003$101,958
General ALLL$191,013$7,477$99,159$829$8,788$141,404$448,670
Loans held-in-portfolio:
Impaired loans$383,494$13,848$524,803$-$1,018$110,874$1,034,037
Loans held-in-portfolio
excluding impaired loans11,674,816777,4726,682,37724,404962,2145,492,38825,613,671
Total loans held-in-portfolio$12,058,310$791,320$7,207,180$24,404$963,232$5,603,262$26,647,708

For the quarter ended March 31, 2018
Puerto Rico - Non-covered loans
(In thousands)CommercialConstructionMortgageLeasingConsumerTotal
Allowance for credit losses:
Beginning balance$171,531$1,286$159,081$11,991$174,215$518,104
Provision20,9341,1637,4642,91424,24356,718
Charge-offs(6,789)48(13,791)(2,513)(28,372)(51,417)
Recoveries2,8461605475206,11710,190
Ending balance$188,522$2,657$153,301$12,912$176,203$533,595
Specific ALLL$45,028$474$44,419$448$22,955$113,324
General ALLL$143,494$2,183$108,882$12,464$153,248$420,271
Loans held-in-portfolio:
Impaired non-covered loans$352,064$4,293$510,849$1,361$97,730$966,297
Non-covered loans held-in-portfolio
excluding impaired loans6,770,73289,5655,844,857837,0223,231,20716,773,383
Total non-covered loans held-in-portfolio$7,122,796$93,858$6,355,706$838,383$3,328,937$17,739,680

For the quarter ended March 31, 2018
Puerto Rico - Covered Loans
(In thousands)CommercialConstructionMortgageLeasingConsumerTotal
Allowance for credit losses:
Beginning balance$-$-$32,521$-$723$33,244
Provision (reversal of provision)--2,265-(535)1,730
Charge-offs--(1,446)-(2)(1,448)
Recoveries--82-284
Ending balance$-$-$33,422$-$188$33,610
Specific ALLL$-$-$-$-$-$-
General ALLL$-$-$33,422$-$188$33,610
Loans held-in-portfolio:
Impaired covered loans$-$-$-$-$-$-
Covered loans held-in-portfolio
excluding impaired loans--500,683-13,928514,611
Total covered loans held-in-portfolio$-$-$500,683$-$13,928$514,611

For the quarter ended March 31, 2018
Popular U.S.
(In thousands)CommercialConstructionMortgageLegacyConsumerTotal
Allowance for credit losses:
Beginning balance$44,134$7,076$4,541$798$15,529$72,078
Provision (reversal of provision)10,55516(118)(477)2,63912,615
Charge-offs(8,396)-(82)(157)(6,316)(14,951)
Recoveries1,566-3864881,1913,631
Ending balance$47,859$7,092$4,727$652$13,043$73,373
Specific ALLL$-$-$2,496$-$1,195$3,691
General ALLL$47,859$7,092$2,231$652$11,848$69,682
Loans held-in-portfolio:
Impaired loans$-$-$9,073$-$5,853$14,926
Loans held-in-portfolio
excluding impaired loans4,345,711799,533699,86531,167457,0556,333,331
Total loans held-in-portfolio$4,345,711$799,533$708,938$31,167$462,908$6,348,257

For the quarter ended March 31, 2018
Popular, Inc.
(In thousands)CommercialConstructionMortgageLegacyLeasingConsumerTotal
Allowance for credit losses:
Beginning balance$215,665$8,362$196,143$798$11,991$190,467$623,426
Provision (reversal of provision)31,4891,1799,611(477)2,91426,34771,063
Charge-offs(15,185)48(15,319)(157)(2,513)(34,690)(67,816)
Recoveries4,4121601,0154885207,31013,905
Ending balance$236,381$9,749$191,450$652$12,912$189,434$640,578
Specific ALLL$45,028$474$46,915$-$448$24,150$117,015
General ALLL$191,353$9,275$144,535$652$12,464$165,284$523,563
Loans held-in-portfolio:
Impaired loans$352,064$4,293$519,922$-$1,361$103,583$981,223
Loans held-in-portfolio
excluding impaired loans11,116,443889,0987,045,40531,167837,0223,702,19023,621,325
Total loans held-in-portfolio$11,468,507$893,391$7,565,327$31,167$838,383$3,805,773$24,602,548
Impaired financing receivables
March 31, 2019
Puerto Rico
Impaired Loans – With an Impaired Loans
AllowanceWith No AllowanceImpaired Loans - Total
UnpaidUnpaidUnpaid
RecordedprincipalRelatedRecordedprincipalRecordedprincipalRelated
(In thousands)investmentbalanceallowanceinvestmentbalanceinvestmentbalanceallowance
Commercial multi-family$924$924$4$-$-$924$924$4
Commercial real estate non-owner occupied72,89173,58922,536102,971149,106175,862222,69522,536
Commercial real estate owner occupied112,326131,7937,46227,30059,652139,626191,4457,462
Commercial and industrial55,49668,9233,2519,89520,13965,39189,0623,251
Construction1,7881,78819--1,7881,78819
Mortgage414,984466,87840,779100,381135,035515,365601,91340,779
Leasing1,0181,018321--1,0181,018321
Consumer:
Credit cards27,87927,8794,200--27,87927,8794,200
Personal 71,60771,60718,751--71,60771,60718,751
Auto 1,1631,163229--1,1631,163229
Other1,2381,238170--1,2381,238170
Total Puerto Rico$761,314$846,800$97,722$240,547$363,932$1,001,861$1,210,732$97,722

March 31, 2019
Popular U.S.
Impaired Loans – With an Impaired Loans
AllowanceWith No AllowanceImpaired Loans - Total
UnpaidUnpaidUnpaid
RecordedprincipalRelatedRecordedprincipalRecordedprincipalRelated
(In thousands)investmentbalanceallowanceinvestmentbalanceinvestmentbalanceallowance
Commercial real estate owner occupied$1,691$1,713$223$-$-$1,691$1,713$223
Construction---12,06018,12712,06018,127-
Mortgage6,9148,5262,3602,5243,5489,43812,0742,360
Consumer:
HELOCs6,8306,9141,3931,3581,4528,1888,3661,393
Personal631632260168231799863260
Total Popular U.S.$16,066$17,785$4,236$16,110$23,358$32,176$41,143$4,236

March 31, 2019
Popular, Inc.
Impaired Loans – With an Impaired Loans
AllowanceWith No AllowanceImpaired Loans - Total
UnpaidUnpaidUnpaid
RecordedprincipalRelatedRecordedprincipalRecordedprincipalRelated
(In thousands)investmentbalanceallowanceinvestmentbalanceinvestmentbalanceallowance
Commercial multi-family$924$924$4$-$-$924$924$4
Commercial real estate non-owner occupied72,89173,58922,536102,971149,106175,862222,69522,536
Commercial real estate owner occupied114,017133,5067,68527,30059,652141,317193,1587,685
Commercial and industrial55,49668,9233,2519,89520,13965,39189,0623,251
Construction1,7881,7881912,06018,12713,84819,91519
Mortgage421,898475,40443,139102,905138,583524,803613,98743,139
Leasing1,0181,018321--1,0181,018321
Consumer:
Credit Cards27,87927,8794,200--27,87927,8794,200
HELOCs6,8306,9141,3931,3581,4528,1888,3661,393
Personal72,23872,23919,01116823172,40672,47019,011
Auto 1,1631,163229--1,1631,163229
Other1,2381,238170--1,2381,238170
Total Popular, Inc.$777,380$864,585$101,958$256,657$387,290$1,034,037$1,251,875$101,958

December 31, 2018
Puerto Rico
Impaired Loans – With an Impaired Loans
AllowanceWith No AllowanceImpaired Loans - Total
UnpaidUnpaidUnpaid
RecordedprincipalRelatedRecordedprincipalRecordedprincipalRelated
(In thousands)investmentbalanceallowanceinvestmentbalanceinvestmentbalanceallowance
Commercial multi-family$932$932$4$-$-$932$932$4
Commercial real estate non-owner occupied85,58386,28227,49496,005138,378181,588224,66027,494
Commercial real estate owner occupied113,592132,6777,85726,47460,485140,066193,1627,857
Commercial and industrial65,20867,09416,83510,72420,96875,93288,06216,835
Construction1,7881,78856--1,7881,78856
Mortgage408,767458,01038,760100,701135,084509,468593,09438,760
Leasing1,0991,099320--1,0991,099320
Consumer:
Credit cards28,82928,8294,571--28,82928,8294,571
Personal 72,98972,98919,098--72,98972,98919,098
Auto 1,1611,161228--1,1611,161228
Other1,2561,256186--1,2561,256186
Total Puerto Rico$781,204$852,117$115,409$233,904$354,915$1,015,108$1,207,032$115,409

December 31, 2018
Popular U.S.
Impaired Loans – With an Impaired Loans
AllowanceWith No AllowanceImpaired Loans - Total
UnpaidUnpaidUnpaid
RecordedprincipalRelatedRecordedprincipalRecordedprincipalRelated
(In thousands)investmentbalanceallowanceinvestmentbalanceinvestmentbalanceallowance
Construction$-$-$-$12,060$18,127$12,060$18,127$-
Mortgage7,2378,8992,4512,1833,1279,42012,0262,451
Consumer:
HELOCs6,2366,2851,5581,4981,5727,7347,8571,558
Personal631631252142143773774252
Total Popular U.S.$14,104$15,815$4,261$15,883$22,969$29,987$38,784$4,261

December 31, 2018
Popular, Inc.
Impaired Loans – With an Impaired Loans
AllowanceWith No AllowanceImpaired Loans - Total
UnpaidUnpaidUnpaid
RecordedprincipalRelatedRecordedprincipalRecordedprincipalRelated
(In thousands)investmentbalanceallowanceinvestmentbalanceinvestmentbalanceallowance
Commercial multi-family$932$932$4$-$-$932$932$4
Commercial real estate non-owner occupied85,58386,28227,49496,005138,378181,588224,66027,494
Commercial real estate owner occupied113,592132,6777,85726,47460,485140,066193,1627,857
Commercial and industrial65,20867,09416,83510,72420,96875,93288,06216,835
Construction1,7881,7885612,06018,12713,84819,91556
Mortgage416,004466,90941,211102,884138,211518,888605,12041,211
Leasing1,0991,099320--1,0991,099320
Consumer:
Credit Cards28,82928,8294,571--28,82928,8294,571
HELOCs6,2366,2851,5581,4981,5727,7347,8571,558
Personal73,62073,62019,35014214373,76273,76319,350
Auto 1,1611,161228--1,1611,161228
Other1,2561,256186--1,2561,256186
Total Popular, Inc.$795,308$867,932$119,670$249,787$377,884$1,045,095$1,245,816$119,670

For the quarter ended March 31, 2019
Puerto RicoPopular U.S.Popular, Inc.
AverageInterestAverageInterestAverageInterest
recordedincomerecordedincomerecordedincome
(In thousands)investmentrecognizedinvestmentrecognizedinvestmentrecognized
Commercial multi-family$928$12$-$-$928$12
Commercial real estate non-owner occupied178,7251,712--178,7251,712
Commercial real estate owner occupied139,8461,458846-140,6921,458
Commercial and industrial70,662745--70,662745
Construction1,788-12,060-13,848-
Mortgage512,4174,0269,42940521,8464,066
Leasing1,059---1,059-
Consumer:
Credit cards28,354---28,354-
HELOCs--7,962-7,962-
Personal 72,29869786-73,08469
Auto 1,162---1,162-
Other1,247---1,247-
Total Popular, Inc.$1,008,486$8,022$31,083$40$1,039,569$8,062

For the quarter ended March 31, 2018
Puerto RicoPopular U.S.Popular, Inc.
AverageInterestAverageInterestAverageInterest
recordedincomerecordedincomerecordedincome
(In thousands)investmentrecognizedinvestmentrecognizedinvestmentrecognized
Commercial multi-family$168$2$-$-$168$2
Commercial real estate non-owner occupied123,3591,366--123,3591,366
Commercial real estate owner occupied153,4531,486--153,4531,486
Commercial and industrial60,780582--60,780582
Construction2,147---2,147-
Mortgage509,9416,5809,15843519,0996,623
Leasing1,409---1,409-
Consumer:
Credit cards33,471---33,471-
HELOCs--4,685-4,685-
Personal 61,745-771-62,516-
Auto 1,885---1,885-
Other1,355---1,355-
Total Popular, Inc.$949,713$10,016$14,614$43$964,327$10,059
Schedule of Trouble Debt Restructurings breakdown by Accrual and Nonaccrual Status
March 31, 2019 December 31, 2018
(In thousands)AccruingNon-AccruingTotalRelated AllowanceAccruingNon-AccruingTotalRelated Allowance
Loans held-in-portfolio:
Commercial$224,648$120,371$345,019$29,274$229,758$130,921$360,679$46,889
Construction-1,7881,78819-1,7881,78856
Mortgage939,985134,5171,074,50241,913906,712135,7581,042,47041,211
Leases7053131,0183216684401,108320
Consumer92,13115,557107,68824,49494,19315,651109,84424,523
Loans held-in-portfolio$1,257,469$272,546$1,530,015$96,021$1,231,331$284,558$1,515,889$112,999
Troubled Debt Restructurings Loan Count By Type Of Modification
For the quarter ended March 31, 2019
Reduction in interest rateExtension of maturity dateCombination of reduction in interest rate and extension of maturity dateOther
Commercial real estate non-owner occupied-1--
Commercial real estate owner occupied-10--
Commercial and industrial-16--
Mortgage627157-
Consumer:
Credit cards122-166
HELOCs-64-
Personal1522--
Auto-2--
Other6---
Total2866416266

For the quarter ended March 31, 2018
Reduction in interest rateExtension of maturity dateCombination of reduction in interest rate and extension of maturity dateOther
Commercial real estate non-owner occupied25--
Commercial real estate owner occupied-19--
Commercial and industrial319--
Construction1---
Mortgage1943623
Consumer:
Credit cards131--150
HELOCs-54-
Personal1602--
Auto--1-
Other7-1-
Total3235442173
Troubled Debt Restructurings on Financing Receivables
For the quarter ended March 31, 2019
(Dollars in thousands)Loan countPre-modification outstanding recorded investmentPost-modification outstanding recorded investmentIncrease (decrease) in the allowance for loan losses as a result of modification
Commercial real estate non-owner occupied1$314$311$18
Commercial real estate owner occupied102,0191,97319
Commercial and industrial163,9434,479314
Mortgage19020,73218,591671
Consumer:
Credit cards1891,5431,530171
HELOCs1069462155
Personal1543,1473,153805
Auto225234
Other613132
Total578$32,430$30,694$2,059

For the quarter ended March 31, 2018
(Dollars in thousands)Loan countPre-modification outstanding recorded investmentPost-modification outstanding recorded investmentIncrease (decrease) in the allowance for loan losses as a result of modification
Commercial real estate non-owner occupied7$22,986$22,923$6,800
Commercial real estate owner occupied194,9744,269138
Commercial and industrial2211,06910,523(110)
Construction14,2104,293474
Mortgage8210,2738,919457
Consumer:
Credit cards2812,9263,301454
HELOCs9865856267
Personal1623,0723,0701,010
Auto113413223
Other815715526
Total592$60,666$58,441$9,539
T D R Loans Subsequent Default
Defaulted during the quarter ended March 31, 2019
(Dollars in thousands)Loan countRecorded investment as of first default date
Commercial real estate non-owner occupied1$47
Commercial real estate owner occupied2427
Commercial and industrial150
Mortgage8745
Leasing122
Consumer:
Credit cards1041,087
Personal681,352
Total185$3,730

Defaulted during the quarter ended March 31, 2018
(Dollars in thousands)Loan countRecorded investment as of first default date
Commercial real estate owner occupied2$86
Commercial and industrial572
Mortgage172,572
Consumer:
Credit cards481,342
Personal30889
Total102$4,961
Outstanding Balance, Net of unearned, of Non-Covered Loans Held-In-Portfolio Based on the Assignment of Obligor Risk Ratings
March 31, 2019
SpecialPass/
(In thousands)WatchMentionSubstandardDoubtfulLossSub-totalUnratedTotal
Puerto Rico
Commercial multi-family$1,570$4,498$3,660$-$-$9,728$143,534$153,262
Commercial real estate non-owner occupied497,509176,551336,67512,929-1,023,6641,277,1142,300,778
Commercial real estate owner occupied250,970168,665282,7661,967-704,368986,8111,691,179
Commercial and industrial644,293107,703153,79617669906,0372,339,8663,245,903
Total Commercial1,394,342457,417776,89715,072692,643,7974,747,3257,391,122
Construction-5151,788--2,30389,06991,372
Mortgage2,4561,415148,860--152,7316,222,8576,375,588
Leasing--2,387-1382,525960,707963,232
Consumer:
Credit cards--16,639--16,639998,9491,015,588
HELOCs------4,8994,899
Personal5261718,057--18,6001,253,0241,271,624
Auto--25,007-16625,1732,716,9222,742,095
Other 92-14,851-19615,139125,691140,830
Total Consumer6181774,554-36275,5515,099,4855,175,036
Total Puerto Rico$1,397,416$459,364$1,004,486$15,072$569$2,876,907$17,119,443$19,996,350
Popular U.S.
Commercial multi-family$63,208$7,073$1,878$-$-$72,159$1,319,861$1,392,020
Commercial real estate non-owner occupied117,68522,15570,373--210,2131,643,2821,853,495
Commercial real estate owner occupied48,39346,8117,039--102,243211,304313,547
Commercial and industrial9,88369773,464--84,0441,024,0821,108,126
Total Commercial239,16976,736152,754--468,6594,198,5294,667,188
Construction25,82628,07458,515--112,415587,533699,948
Mortgage--9,807--9,807821,785831,592
Legacy366-1,079--1,44522,95924,404
Consumer:
Credit cards--2--23335
HELOCs--2,462-9,62512,087120,795132,882
Personal--1,419-3901,809293,299295,108
Other ------201201
Total Consumer--3,883-10,01513,898414,328428,226
Total Popular U.S.$265,361$104,810$226,038$-$10,015$606,224$6,045,134$6,651,358
Popular, Inc.
Commercial multi-family$64,778$11,571$5,538$-$-$81,887$1,463,395$1,545,282
Commercial real estate non-owner occupied615,194198,706407,04812,929-1,233,8772,920,3964,154,273
Commercial real estate owner occupied299,363215,476289,8051,967-806,6111,198,1152,004,726
Commercial and industrial654,176108,400227,26017669990,0813,363,9484,354,029
Total Commercial1,633,511534,153929,65115,072693,112,4568,945,85412,058,310
Construction25,82628,58960,303--114,718676,602791,320
Mortgage2,4561,415158,667--162,5387,044,6427,207,180
Legacy366-1,079--1,44522,95924,404
Leasing--2,387-1382,525960,707963,232
Consumer:
Credit cards--16,641--16,641998,9821,015,623
HELOCs--2,462-9,62512,087125,694137,781
Personal5261719,476-39020,4091,546,3231,566,732
Auto--25,007-16625,1732,716,9222,742,095
Other 92-14,851-19615,139125,892141,031
Total Consumer6181778,437-10,37789,4495,513,8135,603,262
Total Popular, Inc.$1,662,777$564,174$1,230,524$15,072$10,584$3,483,131$23,164,577$26,647,708
The following table presents the weighted average obligor risk rating at March 31, 2019 for those classifications that consider a range of rating scales.
Weighted average obligor risk rating(Scales 11 and 12)(Scales 1 through 8)
Puerto Rico:SubstandardPass
Commercial multi-family11.186.02
Commercial real estate non-owner occupied11.226.91
Commercial real estate owner occupied11.287.25
Commercial and industrial11.277.07
Total Commercial11.257.05
Construction12.007.64
Popular U.S. :SubstandardPass
Commercial multi-family11.007.37
Commercial real estate non-owner occupied11.006.90
Commercial real estate owner occupied11.297.38
Commercial and industrial11.016.85
Total Commercial11.027.06
Construction11.217.83
Legacy11.247.99

December 31, 2018
SpecialPass/
(In thousands)WatchMentionSubstandardDoubtfulLossSub-totalUnratedTotal
Puerto Rico
Commercial multi-family$1,634$4,548$3,590$-$-$9,772$135,856$145,628
Commercial real estate non-owner occupied470,506233,173342,962--1,046,6411,275,9602,322,601
Commercial real estate owner occupied262,476174,510291,4682,078-730,532991,7211,722,253
Commercial and industrial655,092130,641156,51517773942,4982,239,6633,182,161
Total Commercial1,389,708542,872794,5352,255732,729,4434,643,2007,372,643
Construction1476341,788--2,56983,38685,955
Mortgage3,0572,182154,506--159,7456,273,5786,433,323
Leasing--3,301-123,313931,460934,773
Consumer:
Credit cards--16,035--16,0351,031,2381,047,273
HELOCs--165--1655,1865,351
Personal8491918,827--19,6951,230,9301,250,625
Auto--24,093-8424,1772,584,6082,608,785
Other --14,743-21514,958129,786144,744
Total Consumer8491973,863-29975,0304,981,7485,056,778
Total Puerto Rico$1,393,761$545,707$1,027,993$2,255$384$2,970,100$16,913,372$19,883,472
Popular U.S.
Commercial multi-family$85,901$7,123$6,979$-$-$100,003$1,301,537$1,401,540
Commercial real estate non-owner occupied152,6359,83946,555--209,0291,672,7151,881,744
Commercial real estate owner occupied49,41523,9632,394--75,772223,167298,939
Commercial and industrial5,8251,08476,459--83,3681,004,7851,088,153
Total Commercial293,77642,009132,387--468,1724,202,2044,670,376
Construction35,37537,74158,005--131,121562,373693,494
Mortgage--11,032--11,032790,903801,935
Legacy5342242,409--3,16722,78225,949
Consumer:
Credit cards------3838
HELOCs--2,615-10,96413,579129,473143,052
Personal--1,910-7012,611286,738289,349
Other --4--4220224
Total Consumer--4,529-11,66516,194416,469432,663
Total Popular U.S.$329,685$79,974$208,362$-$11,665$629,686$5,994,731$6,624,417
Popular, Inc.
Commercial multi-family$87,535$11,671$10,569$-$-$109,775$1,437,393$1,547,168
Commercial real estate non-owner occupied623,141243,012389,517--1,255,6702,948,6754,204,345
Commercial real estate owner occupied311,891198,473293,8622,078-806,3041,214,8882,021,192
Commercial and industrial660,917131,725232,974177731,025,8663,244,4484,270,314
Total Commercial1,683,484584,881926,9222,255733,197,6158,845,40412,043,019
Construction35,52238,37559,793--133,690645,759779,449
Mortgage3,0572,182165,538--170,7777,064,4817,235,258
Legacy5342242,409--3,16722,78225,949
Leasing--3,301-123,313931,460934,773
Consumer:
Credit cards--16,035--16,0351,031,2761,047,311
HELOCs--2,780-10,96413,744134,659148,403
Personal8491920,737-70122,3061,517,6681,539,974
Auto--24,093-8424,1772,584,6082,608,785
Other --14,747-21514,962130,006144,968
Total Consumer8491978,392-11,96491,2245,398,2175,489,441
Total Popular, Inc.$1,723,446$625,681$1,236,355$2,255$12,049$3,599,786$22,908,103$26,507,889
The following table presents the weighted average obligor risk rating at December 31, 2018 for those classifications that consider a range of rating scales.
Weighted average obligor risk rating(Scales 11 and 12)(Scales 1 through 8)
Puerto Rico:SubstandardPass
Commercial multi-family11.206.02
Commercial real estate non-owner occupied11.116.93
Commercial real estate owner occupied11.297.25
Commercial and industrial11.337.15
Total Commercial11.227.09
Construction12.007.64
Popular U.S.:SubstandardPass
Commercial multi-family11.007.39
Commercial real estate non-owner occupied11.016.82
Commercial real estate owner occupied11.167.55
Commercial and industrial11.967.26
Total Commercial11.567.14
Construction11.217.85
Legacy11.177.94
ASC Subtopic 310-30  
Allowance for credit losses on financing receivables
ASC 310-30
For the quarters ended
(In thousands)March 31, 2019March 31, 2018
Balance at beginning of period$122,135$119,505
Provision7,72637,335
Net charge-offs(5,714)(10,720)
Balance at end of period$124,147$146,120