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Income taxes - Differences between income tax expense (benefit) in Puerto Rico (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Amount      
Adjustments in net deferred tax due to change in tax law $ 0 $ 0 $ 27,686
Income tax expense 111,938 147,181 119,579
PUERTO RICO      
Amount      
Computed income tax at statutory rates 231,960 306,869 287,717
Benefit of net tax exempt interest income (126,232) (145,597) (97,199)
Effect of income subject to preferential tax rate (10,141) (9,562) (111,738)
Deferred tax asset valuation allowance 15,276 16,992 27,336
Difference in tax rates due to multiple jurisdictions (1,903) (12,888) (16,324)
Adjustments in net deferred tax due to change in tax law 0 (6,559) 27,686
Unrecognized tax benefits (2,163) 0 (1,621)
State and local taxes 4,350 4,749 8,772
Other 791 (6,823) (5,050)
Income tax expense $ 111,938 $ 147,181 $ 119,579
% of pre-tax income      
Computed income tax at statutory rates 38.00% 37.50% 39.00%
Benefit of net tax exempt interest income (20.00%) (18.00%) (13.00%)
Effect of income subject to preferential tax rate (2.00%) (1.00%) (15.00%)
Deferred tax asset valuation allowance 2.00% 2.00% 4.00%
Difference in tax rates due to multiple jurisdictions 0.00% (2.00%) (3.00%)
Adjustments in net deferred tax due to change in tax law 0.00% (1.00%) 4.00%
Unrecognized tax benefits 0.00% 0.00% 0.00%
State and local taxes 0.00% 1.00% 1.00%
Others 0.00% (1.00%) (1.00%)
Income tax expense 18.00% 18.00% 16.00%