Guarantees (Tables)

12 Months Ended

Dec. 31, 2020

Guarantee on loans sold or serviced with credit recourse

Guarantor Obligations

Credit recourse agreements reserve

		Years ended December 31,
(In thousands)		2020		2019
Balance as of beginning of period	$	34,862	$	56,230
Impact of adopting CECL		(3,831)		-
Provision (reversal) for recourse liability		(104)		2,122
Net charge-offs		(8,443)		(23,490)
Balance as of end of period	$	22,484	$	34,862

Banco Popular de Puerto Rico | Guarantee on loans sold or serviced with representation and warranties

Guarantor Obligations

Estimated losses associated with indemnifications and representations and warranties related to loans sold

		Years ended December 31,
(In thousands)		2020		2019
Balance as of beginning of period	$	3,212	$	10,837
Provision (reversal) for representation and warranties		(915)		(5,020)
Net charge-offs		-		(75)
Settlements paid		-		(2,530)
Balance as of end of period	$	2,297	$	3,212