Allowance for credit losses - loans held-in-portfolio (Tables)

3 Months Ended

Mar. 31, 2021

Allowance for credit losses on financing receivables

For the quarter ended March 31, 2021
Puerto Rico
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	225,323	$	4,871	$	195,557	$	16,863	$	297,136	$	739,750
	Provision (reversal of provision)		(29,646)		1,306		(2,805)		(4,058)		(4,773)		(39,976)
	Initial allowance for credit losses - PCD Loans		-		-		1,356		-		-		1,356
	Charge-offs		(2,883)		(6,619)		(10,381)		(1,058)		(24,029)		(44,970)
	Recoveries		4,317		702		2,078		940		17,459		25,496
Ending balance - loans		$	197,111	$	260	$	185,805	$	12,687	$	285,793	$	681,656
Allowance for credit losses - unfunded commitments:
Beginning balance		$	4,913	$	4,610	$	-	$	-	$	-	$	9,523
	Reversal of provision		(1,000)		(4,365)		-		-		-		(5,365)
Ending balance - unfunded commitments [1]		$	3,913	$	245	$	-	$	-	$	-	$	4,158
[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 March 31, 2021
Popular U.S.
(In thousands)		Commercial		Construction		Mortgage		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	108,057	$	9,366	$	20,159	$	18,918	$	156,500
	Reversal of provision		(28,933)		(431)		(3,918)		(2,521)		(35,803)
	Charge-offs		(383)		-		(1)		(3,256)		(3,640)
	Recoveries		367		-		81		1,636		2,084
Ending balance - loans		$	79,108	$	8,935	$	16,321	$	14,777	$	119,141
Allowance for credit losses - unfunded commitments:
Beginning balance		$	1,753	$	4,469	$	-	$	106	$	6,328
	Reversal of provision		(310)		(566)		-		(41)		(917)
Ending balance - unfunded commitments [1]		$	1,443	$	3,903	$	-	$	65	$	5,411
[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 March 31, 2021
Popular, Inc.
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	333,380	$	14,237	$	215,716	$	16,863	$	316,054	$	896,250
	Provision (reversal of provision)		(58,579)		875		(6,723)		(4,058)		(7,294)		(75,779)
	Initial allowance for credit losses - PCD Loans		-		-		1,356		-		-		1,356
	Charge-offs		(3,266)		(6,619)		(10,382)		(1,058)		(27,285)		(48,610)
	Recoveries		4,684		702		2,159		940		19,095		27,580
Ending balance - loans		$	276,219	$	9,195	$	202,126	$	12,687	$	300,570	$	800,797
Allowance for credit losses - unfunded commitments:
Beginning balance		$	6,666	$	9,079	$	-	$	-	$	106	$	15,851
	Reversal of provision		(1,310)		(4,931)		-		-		(41)		(6,282)
Ending balance - unfunded commitments [1]		$	5,356	$	4,148	$	-	$	-	$	65	$	9,569
[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 March 31, 2020
Puerto Rico
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	131,063	$	574	$	116,281	$	10,768	$	173,965	$	432,651
	Impact of adopting CECL		62,393		115		86,081		(713)		122,492		270,368
	Provision (reversal of provision)		14,974		(289)		5,547		5,841		86,931		113,004
	Initial allowance for credit losses - PCD Loans		-		-		429		-		-		429
	Charge-offs		(2,994)		-		(8,306)		(3,775)		(58,084)		(73,159)
	Recoveries		2,414		19		2,768		468		7,973		13,642
Ending balance - loans		$	207,850	$	419	$	202,800	$	12,589	$	333,277	$	756,935
Allowance for credit losses - unfunded commitments:
Beginning balance		$	678	$	294	$	-	$	-	$	7,467	$	8,439
	Impact of adopting CECL		1,158		(185)		-		-		(7,467)		(6,494)
	Provision		141		69		-		-		-		210
Ending balance - unfunded commitments [1]		$	1,977	$	178	$	-	$	-	$	-	$	2,155
[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 March 31, 2020
Popular U.S.
(In thousands)		Commercial		Construction		Mortgage		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	16,557	$	4,266	$	4,827	$	19,407	$	45,057
	Impact of adopting CECL		29,537		(3,038)		10,431		7,809		44,739
	Provision		53,072		846		9,028		13,045		75,991
	Charge-offs		(577)		-		(9)		(4,938)		(5,524)
	Recoveries		578		155		10		1,775		2,518
Ending balance - loans		$	99,167	$	2,229	$	24,287	$	37,098	$	162,781
Allowance for credit losses - unfunded commitments:
Beginning balance		$	152	$	125	$	-	$	1	$	278
	Impact of adopting CECL		453		582		-		(1)		1,034
	Provision		506		434		-		59		999
Ending balance - unfunded commitments [1]		$	1,111	$	1,141	$	-	$	59	$	2,311
[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 March 31, 2020
Popular, Inc.
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	147,620	$	4,840	$	121,108	$	10,768	$	193,372	$	477,708
	Impact of adopting CECL		91,930		(2,923)		96,512		(713)		130,301		315,107
	Provision		68,046		557		14,575		5,841		99,976		188,995
	Initial allowance for credit losses - PCD Loans		-		-		429		-		-		429
	Charge-offs		(3,571)		-		(8,315)		(3,775)		(63,022)		(78,683)
	Recoveries		2,992		174		2,778		468		9,748		16,160
Ending balance - loans		$	307,017	$	2,648	$	227,087	$	12,589	$	370,375	$	919,716
Allowance for credit losses - unfunded commitments:
Beginning balance		$	830	$	419	$	-	$	-	$	7,468	$	8,717
	Impact of adopting CECL		1,611		397		-		-		(7,468)		(5,460)
	Provision		647		503		-		-		59		1,209
Ending balance - unfunded commitments [1]		$	3,088	$	1,319	$	-	$	-	$	59	$	4,466
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

Schedule of Trouble Debt Restructurings breakdown by Accrual and Nonaccrual Status

	March 31, 2021								December 31, 2020
(In thousands)		Accruing		Non-Accruing		Total		Related Allowance		Accruing		Non-Accruing		Total		Related Allowance
Loans held-in-portfolio:
Commercial	$	281,234	$	107,933	$	389,167	$	26,109	$	259,246	$	103,551	$	362,797	$	15,236
Construction		-		14,877		14,877		-		-		21,497		21,497		4,397
Mortgage[1]		1,098,479		118,536		1,217,015		71,623		1,060,193		135,772		1,195,965		71,018
Leases		388		160		548		97		392		218		610		150
Consumer		74,150		11,771		85,921		20,785		74,707		12,792		87,499		22,508
Loans held-in-portfolio	$	1,454,251	$	253,277	$	1,707,528	$	118,614	$	1,394,538	$	273,830	$	1,668,368	$	113,309
[1] At March 31, 2021, accruing mortgage loan TDRs include $675 million guaranteed by U.S. sponsored entities at BPPR, compared to $655 million at December 31, 2020.

Troubled Debt Restructurings Loan Count By Type Of Modification

For the quarter ended March 31, 2021
	Reduction in interest rate	Extension of maturity date	Combination of reduction in interest rate and extension of maturity date	Other
Commercial multi-family	-	1	-	-
Commercial real estate non-owner occupied	-	9	-	-
Commercial real estate owner occupied	2	20	-	-
Commercial and industrial	-	8	-	-
Mortgage	8	40	360	-
Leasing	-	-	1	-
Consumer:
Credit cards	52	-	-	14
HELOCs	-	-	1	-
Personal	61	2	1	-
Auto	-	1	2	-
Other	4	-	-	-
Total	127	81	365	14

For the quarter ended March 31, 2020
	Reduction in interest rate	Extension of maturity date	Combination of reduction in interest rate and extension of maturity date	Other
Commercial real estate non-owner occupied	-	1	-	-
Commercial real estate owner occupied	-	6	-	-
Commercial and industrial	1	11	-	1
Mortgage	2	26	147	-
Leasing	-	-	3	-
Consumer:
Credit cards	148	-	-	13
HELOCs	-	-	1	-
Personal	100	1	-	1
Auto	-	1	2	-
Other	1	-	-	-
Total	252	46	153	15

Troubled Debt Restructurings on Financing Receivables

For the quarter ended March 31, 2021
(Dollars in thousands)	Loan count	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Increase (decrease) in the allowance for loan losses as a result of modification
Commercial multi-family	1	$	87	$	86	$	4
Commercial real estate non-owner occupied	9		3,295		3,281		141
Commercial real estate owner occupied	22		29,750		29,484		572
Commercial and industrial	8		222		218		8
Mortgage	408		47,654		49,729		1,046
Leasing	1		32		32		4
Consumer:
Credit cards	66		824		854		27
HELOCs	1		63		116		28
Personal	64		1,062		1,062		304
Auto	3		48		53		10
Other	4		6		6		1
Total	587	$	83,043	$	84,921	$	2,145

For the quarter ended March 31, 2020
(Dollars in thousands)	Loan count	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Increase (decrease) in the allowance for loan losses as a result of modification
Commercial real estate non-owner occupied	1	$	104	$	104	$	(8)
Commercial real estate owner occupied	6		3,906		3,902		105
Commercial and industrial	13		4,070		4,068		(717)
Mortgage	175		20,315		17,940		2,012
Leasing	3		94		95		6
Consumer:
Credit cards	161		1,260		1,273		84
HELOCs	1		332		265		854
Personal	102		1,861		1,859		297
Auto	3		86		87		12
Other	1		20		20		5
Total	466	$	32,048	$	29,613	$	2,650

T D R Loans Subsequent Default

Defaulted during the quarter ended March 31, 2021
(Dollars in thousands)	Loan count	Recorded investment as of first default date
Commercial real estate owner occupied	2	$	3,754
Commercial and industrial	2		224
Mortgage	23		1,732
Consumer:
Credit cards	40		535
Personal	6		260
Total	73	$	6,505

Defaulted during the quarter ended March 31, 2020
(Dollars in thousands)	Loan count	Recorded investment as of first default date
Commercial real estate owner occupied	2	$	243
Commercial and industrial	2		40
Mortgage	39		4,482
Consumer:
Credit cards	106		859
Personal	45		808
Other	1		-
Total	195	$	6,432

Financing Receivable Credit Quality Indicators

March 31, 2021
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2021		2020		2019		2018		2017		Prior Years						Total
Puerto Rico
	Commercial:
		Commercial multi-family
			Watch	$	-	$	-	$	-	$	-	$	-	$	566	$	-	$	-	$	566
			Special mention		-		-		-		-		-		4,096		-		-		4,096
			Substandard		-		-		-		-		-		1,018		100		-		1,118
			Pass		2,500		10,447		36,212		25,889		2,096		55,091		92		-		132,327
		Total commercial multi-family		$	2,500	$	10,447	$	36,212	$	25,889	$	2,096	$	60,771	$	192	$	-	$	138,107
		Commercial real estate non-owner occupied
			Watch	$	-	$	232,123	$	72,809	$	27,128	$	225,172	$	40,421	$	2,037	$	-	$	599,690
			Special Mention		17,959		-		26,449		124,060		36,824		29,611		-		-		234,903
			Substandard		-		43,336		74,608		26,602		158,367		4,928		95		-		307,936
			Pass		31,990		88,654		27,905		39,238		665,039		59,157		6,486		-		918,469
		Total commercial real estate non-owner occupied		$	49,949	$	364,113	$	201,771	$	217,028	$	1,085,402	$	134,117	$	8,618	$	-	$	2,060,998
		Commercial real estate owner occupied
			Watch	$	-	$	7,016	$	15,518	$	13,986	$	6,108	$	132,580	$	1,222	$	-	$	176,430
			Special Mention		-		1,245		6,588		241		8,547		175,158		-		-		191,779
			Substandard		2,692		1,987		2,044		37,707		2,383		172,336		-		-		219,149
			Doubtful		-		-		-		-		-		1,478		-		-		1,478
			Pass		16,029		217,419		47,995		31,309		58,557		539,283		12,543		-		923,135
		Total commercial real estate owner occupied		$	18,721	$	227,667	$	72,145	$	83,243	$	75,595	$	1,020,835	$	13,765	$	-	$	1,511,971

	Commercial and industrial
		Watch	$	47,071	$	117,215	$	73,327	$	147,175	$	49,845	$	325,459	$	213,847	$	-	$	973,939
		Special Mention		14,491		25,350		9,977		47,433		45,004		28,711		96,605		-		267,571
		Substandard		15,597		22,254		1,907		35,980		26,946		56,443		71,661		-		230,788
		Doubtful		-		-		67		-		-		51		4		-		122
		Loss		-		-		-		-		-		-		14		-		14
		Pass		412,730		899,524		373,582		108,200		145,588		116,412		542,742		-		2,598,778
	Total commercial and industrial		$	489,889	$	1,064,343	$	458,860	$	338,788	$	267,383	$	527,076	$	924,873	$	-	$	4,071,212
Construction
		Watch	$	-	$	-	$	3,580	$	-	$	-	$	-	$	-	$	-	$	3,580
		Substandard		-		-		-		-		14,877		-		-		-		14,877
		Pass		2,925		22,730		21,067		3,316		64,738		-		27,364		-		142,140
Total construction			$	2,925	$	22,730	$	24,647	$	3,316	$	79,615	$	-	$	27,364	$	-	$	160,597
Mortgage
		Substandard	$	-	$	1,515	$	948	$	1,278	$	2,879	$	141,940	$	-	$	-	$	148,560
		Pass		66,896		271,135		218,744		163,092		207,737		5,599,815		-		-		6,527,419
Total mortgage			$	66,896	$	272,650	$	219,692	$	164,370	$	210,616	$	5,741,755	$	-	$	-	$	6,675,979
Leasing
		Substandard	$	-	$	252	$	1,127	$	504	$	900	$	256	$	-	$	-	$	3,039
		Pass		195,606		406,064		292,103		189,562		97,018		61,564		-		-		1,241,917
Total leasing			$	195,606	$	406,316	$	293,230	$	190,066	$	97,918	$	61,820	$	-	$	-	$	1,244,956

March 31, 2021
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2021		2020		2019		2018		2017		Prior Years						Total
Puerto Rico
	Consumer:
		Credit cards
			Substandard	$	-	$	-	$	-	$	-	$	-	$	-	$	10,779	$	-	$	10,779
			Pass		-		-		-		-		-		-		866,962		-		866,962
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	877,741	$	-	$	877,741
		HELOCs
			Pass	$	-	$	-	$	-	$	-	$	-	$	526	$	3,018	$	-	$	3,544
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	526	$	3,018	$	-	$	3,544
		Personal
			Substandard	$	-	$	441	$	2,170	$	1,275	$	1,007	$	19,422	$	-	$	1,416	$	25,731
			Pass		125,173		297,600		361,153		145,452		86,373		174,319		1,924		43,566		1,235,560
	Total Personal			$	125,173	$	298,041	$	363,323	$	146,727	$	87,380	$	193,741	$	1,924	$	44,982	$	1,261,291
		Auto
			Substandard	$	34	$	3,086	$	5,906	$	3,238	$	1,421	$	1,720	$	-	$	-	$	15,405
			Pass		350,123		984,223		819,082		574,799		267,006		192,499		-		-		3,187,732
	Total Auto			$	350,157	$	987,309	$	824,988	$	578,037	$	268,427	$	194,219	$	-	$	-	$	3,203,137
		Other consumer
			Substandard	$	-	$	-	$	-	$	2,097	$	240	$	12,943	$	-	$	-	$	15,280
			Pass		5,992		15,845		13,463		9,410		4,465		6,203		54,074		-		109,452
	Total Other consumer			$	5,992	$	15,845	$	13,463	$	11,507	$	4,705	$	19,146	$	54,074	$	-	$	124,732
Total Puerto Rico				$	1,307,808	$	3,669,461	$	2,508,331	$	1,758,971	$	2,179,137	$	7,954,006	$	1,911,569	$	44,982	$	21,334,265

March 31, 2021
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2021		2020		2019		2018		2017		Prior Years						Total
Popular U.S.
	Commercial:
		Commercial multi-family
			Watch	$	-	$	41,982	$	19,813	$	33,251	$	52,889	$	93,850	$	-	$	-	$	241,785
			Special mention		-		15,500		12,384		4,250		34,531		61,330		-		-		127,995
			Substandard		-		-		74,778		25,202		-		21,386		-		-		121,366
			Pass		65,917		271,994		288,541		165,986		66,381		403,611		1,411		-		1,263,841
		Total commercial multi-family		$	65,917	$	329,476	$	395,516	$	228,689	$	153,801	$	580,177	$	1,411	$	-	$	1,754,987
		Commercial real estate non-owner occupied
			Watch	$	-	$	8,381	$	23,773	$	69,771	$	44,935	$	65,724	$	957	$	-	$	213,541
			Special Mention		-		-		3,767		15,219		9,330		89,003		350		-		117,669
			Substandard		-		767		18,617		36,419		10,877		85,562		-		-		152,242
			Pass		74,164		381,234		231,033		228,180		259,590		378,697		6,705		-		1,559,603
		Total commercial real estate non-owner occupied		$	74,164	$	390,382	$	277,190	$	349,589	$	324,732	$	618,986	$	8,012	$	-	$	2,043,055
		Commercial real estate owner occupied
			Watch	$	-	$	244	$	10,466	$	7,490	$	1,937	$	25,599	$	4,222	$	-	$	49,958
			Special Mention		-		-		-		-		-		2,339		-		-		2,339
			Substandard		-		-		1,159		2,929		-		21,426		-		-		25,514
			Pass		5,764		48,521		44,906		40,173		26,817		85,631		322		-		252,134
		Total commercial real estate owner occupied		$	5,764	$	48,765	$	56,531	$	50,592	$	28,754	$	134,995	$	4,544	$	-	$	329,945

	Commercial and industrial
		Watch	$	1,916	$	13,874	$	377	$	75	$	12	$	7,685	$	5,474	$	-	$	29,413
		Special Mention		2,415		13,492		-		-		115		9,429		98		-		25,549
		Substandard		527		463		7,472		-		-		5,210		1,689		-		15,361
		Pass		57,862		391,530		199,475		192,904		127,651		395,589		96,877		-		1,461,888
	Total commercial and industrial		$	62,720	$	419,359	$	207,324	$	192,979	$	127,778	$	417,913	$	104,138	$	-	$	1,532,211
Construction
		Watch	$	-	$	12,387	$	7,000	$	31,008	$	55,383	$	2,034	$	-	$	-	$	107,812
		Special Mention		-		-		-		-		-		28,778		-		-		28,778
		Substandard		-		-		-		20,803		-		7,523		-		-		28,326
		Pass		14,234		100,699		292,585		94,932		67,349		12,424		-		-		582,223
Total construction			$	14,234	$	113,086	$	299,585	$	146,743	$	122,732	$	50,759	$	-	$	-	$	747,139
Mortgage
		Substandard	$	-	$	340	$	2,453	$	990	$	-	$	11,010	$	-	$	-	$	14,793
		Pass		112,924		303,906		256,141		90,161		9,265		345,683		-		-		1,118,080
Total mortgage			$	112,924	$	304,246	$	258,594	$	91,151	$	9,265	$	356,693	$	-	$	-	$	1,132,873

March 31, 2021
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2021		2020		2019		2018		2017		Prior Years						Total
Popular U.S.
	Consumer:
		Credit cards
			Pass	$	-	$	-	$	-	$	-	$	-	$	-	$	22	$	-	$	22
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	22	$	-	$	22
		HELOCs
			Substandard	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	195	$	195
			Loss		-		-		-		-		-		258		-		6,403		6,661
			Pass		-		-		-		-		-		10,540		38,819		33,402		82,761
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	10,798	$	38,819	$	40,000	$	89,617
		Personal
			Substandard	$	-	$	54	$	482	$	191	$	54	$	5	$	-	$	-	$	786
			Loss		-		-		57		1		5		234		2		-		299
			Pass		3,182		34,910		90,489		19,710		7,599		8,297		176		-		164,363
	Total Personal			$	3,182	$	34,964	$	91,028	$	19,902	$	7,658	$	8,536	$	178	$	-	$	165,448
		Other consumer
			Pass	$	-	$	-	$	-	$	-	$	-	$	-	$	2,066	$	-	$	2,066
	Total Other consumer			$	-	$	-	$	-	$	-	$	-	$	-	$	2,066	$	-	$	2,066
Total Popular U.S.				$	338,905	$	1,640,278	$	1,585,768	$	1,079,645	$	774,720	$	2,178,857	$	159,190	$	40,000	$	7,797,363

March 31, 2021
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2021		2020		2019		2018		2017		Prior Years						Total
Popular, Inc.
	Commercial:
		Commercial multi-family
			Watch	$	-	$	41,982	$	19,813	$	33,251	$	52,889	$	94,416	$	-	$	-	$	242,351
			Special mention		-		15,500		12,384		4,250		34,531		65,426		-		-		132,091
			Substandard		-		-		74,778		25,202		-		22,404		100		-		122,484
			Pass		68,417		282,441		324,753		191,875		68,477		458,702		1,503		-		1,396,168
		Total commercial multi-family		$	68,417	$	339,923	$	431,728	$	254,578	$	155,897	$	640,948	$	1,603	$	-	$	1,893,094
		Commercial real estate non-owner occupied
			Watch	$	-	$	240,504	$	96,582	$	96,899	$	270,107	$	106,145	$	2,994	$	-	$	813,231
			Special Mention		17,959		-		30,216		139,279		46,154		118,614		350		-		352,572
			Substandard		-		44,103		93,225		63,021		169,244		90,490		95		-		460,178
			Pass		106,154		469,888		258,938		267,418		924,629		437,854		13,191		-		2,478,072
		Total commercial real estate non-owner occupied		$	124,113	$	754,495	$	478,961	$	566,617	$	1,410,134	$	753,103	$	16,630	$	-	$	4,104,053
		Commercial real estate owner occupied
			Watch	$	-	$	7,260	$	25,984	$	21,476	$	8,045	$	158,179	$	5,444	$	-	$	226,388
			Special Mention		-		1,245		6,588		241		8,547		177,497		-		-		194,118
			Substandard		2,692		1,987		3,203		40,636		2,383		193,762		-		-		244,663
			Doubtful		-		-		-		-		-		1,478		-		-		1,478
			Pass		21,793		265,940		92,901		71,482		85,374		624,914		12,865		-		1,175,269
		Total commercial real estate owner occupied		$	24,485	$	276,432	$	128,676	$	133,835	$	104,349	$	1,155,830	$	18,309	$	-	$	1,841,916
		Commercial and industrial
			Watch	$	48,987	$	131,089	$	73,704	$	147,250	$	49,857	$	333,144	$	219,321	$	-	$	1,003,352
			Special Mention		16,906		38,842		9,977		47,433		45,119		38,140		96,703		-		293,120
			Substandard		16,124		22,717		9,379		35,980		26,946		61,653		73,350		-		246,149
			Doubtful		-		-		67		-		-		51		4		-		122
			Loss		-		-		-		-		-		-		14		-		14
			Pass		470,592		1,291,054		573,057		301,104		273,239		512,001		639,619		-		4,060,666
		Total commercial and industrial		$	552,609	$	1,483,702	$	666,184	$	531,767	$	395,161	$	944,989	$	1,029,011	$	-	$	5,603,423

March 31, 2021
			Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
			Amortized Cost Basis by Origination Year
(In thousands)				2021		2020		2019		2018		2017		Prior Years						Total
Popular, Inc.
	Construction
		Watch	$	-	$	12,387	$	10,580	$	31,008	$	55,383	$	2,034	$	-	$	-	$	111,392
		Special Mention		-		-		-		-		-		28,778		-		-		28,778
		Substandard		-		-		-		20,803		14,877		7,523		-		-		43,203
		Pass		17,159		123,429		313,652		98,248		132,087		12,424		27,364		-		724,363
	Total construction		$	17,159	$	135,816	$	324,232	$	150,059	$	202,347	$	50,759	$	27,364	$	-	$	907,736
	Mortgage
		Substandard	$	-	$	1,855	$	3,401	$	2,268	$	2,879	$	152,950	$	-	$	-	$	163,353
		Pass		179,820		575,041		474,885		253,253		217,002		5,945,498		-		-		7,645,499
	Total mortgage		$	179,820	$	576,896	$	478,286	$	255,521	$	219,881	$	6,098,448	$	-	$	-	$	7,808,852
	Leasing
		Substandard	$	-	$	252	$	1,127	$	504	$	900	$	256	$	-	$	-	$	3,039
		Pass		195,606		406,064		292,103		189,562		97,018		61,564		-		-		1,241,917
	Total leasing		$	195,606	$	406,316	$	293,230	$	190,066	$	97,918	$	61,820	$	-	$	-	$	1,244,956

March 31, 2021
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2021		2020		2019		2018		2017		Prior Years						Total
Popular, Inc.
	Consumer:
		Credit cards
			Substandard	$	-	$	-	$	-	$	-	$	-	$	-	$	10,779	$	-	$	10,779
			Pass		-		-		-		-		-		-		866,984		-		866,984
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	877,763	$	-	$	877,763
		HELOCs
			Substandard	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	195	$	195
			Loss		-		-		-		-		-		258		-		6,403		6,661
			Pass		-		-		-		-		-		11,066		41,837		33,402		86,305
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	11,324	$	41,837	$	40,000	$	93,161
		Personal
			Substandard	$	-	$	495	$	2,652	$	1,466	$	1,061	$	19,427	$	-	$	1,416	$	26,517
			Loss		-		-		57		1		5		234		2		-		299
			Pass		128,355		332,510		451,642		165,162		93,972		182,616		2,100		43,566		1,399,923
	Total Personal			$	128,355	$	333,005	$	454,351	$	166,629	$	95,038	$	202,277	$	2,102	$	44,982	$	1,426,739
		Auto
			Substandard	$	34	$	3,086	$	5,906	$	3,238	$	1,421	$	1,720	$	-	$	-	$	15,405
			Pass		350,123		984,223		819,082		574,799		267,006		192,499		-		-		3,187,732
	Total Auto			$	350,157	$	987,309	$	824,988	$	578,037	$	268,427	$	194,219	$	-	$	-	$	3,203,137
		Other consumer
			Substandard	$	-	$	-	$	-	$	2,097	$	240	$	12,943	$	-	$	-	$	15,280
			Pass		5,992		15,845		13,463		9,410		4,465		6,203		56,140		-		111,518
	Total Other consumer			$	5,992	$	15,845	$	13,463	$	11,507	$	4,705	$	19,146	$	56,140	$	-	$	126,798
Total Popular Inc.				$	1,646,713	$	5,309,739	$	4,094,099	$	2,838,616	$	2,953,857	$	10,132,863	$	2,070,759	$	84,982	$	29,131,628

December 31, 2020
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2020		2019		2018		2017		2016		Prior Years						Total
Puerto Rico
	Commercial:
		Commercial multi-family
			Watch	$	-	$	-	$	-	$	-	$	-	$	460	$	-	$	-	$	460
			Special mention		-		-		-		-		-		4,160		-		-		4,160
			Substandard		-		-		-		-		-		400		100		-		500
			Pass		5,216		36,433		26,051		2,106		2,563		74,791		-		-		147,160
		Total commercial multi-family		$	5,216	$	36,433	$	26,051	$	2,106	$	2,563	$	79,811	$	100	$	-	$	152,280
		Commercial real estate non-owner occupied
			Watch	$	160,960	$	73,561	$	27,592	$	40,654	$	33,277	$	197,912	$	2,100	$	-	$	536,056
			Special Mention		-		26,331		124,560		29,711		19,895		62,839		836		-		264,172
			Substandard		43,399		74,303		26,799		4,932		29,974		130,218		95		-		309,720
			Pass		88,324		53,385		39,814		60,585		124,643		527,282		3,352		-		897,385
		Total commercial real estate non-owner occupied		$	292,683	$	227,580	$	218,765	$	135,882	$	207,789	$	918,251	$	6,383	$	-	$	2,007,333
		Commercial real estate owner occupied
			Watch	$	96,046	$	10,319	$	14,412	$	9,760	$	9,584	$	146,445	$	2,627	$	-	$	289,193
			Special Mention		850		6,638		249		6,571		282		172,078		-		-		186,668
			Substandard		1,774		2,181		37,686		1,878		27,094		145,193		-		-		215,806
			Doubtful		-		-		-		-		-		1,714		-		-		1,714
			Pass		204,840		54,274		31,917		57,854		128,392		417,376		10,861		-		905,514
		Total commercial real estate owner occupied		$	303,510	$	73,412	$	84,264	$	76,063	$	165,352	$	882,806	$	13,488	$	-	$	1,598,895

	Commercial and industrial
		Watch	$	131,556	$	77,821	$	182,776	$	40,318	$	63,968	$	267,856	$	243,335	$	-	$	1,007,630
		Special Mention		28,310		10,297		19,220		45,861		910		28,507		86,263		-		219,368
		Substandard		32,941		2,180		26,921		26,769		1,824		55,220		49,036		-		194,891
		Doubtful		-		67		-		1		-		54		1		-		123
		Loss		-		-		-		-		-		-		13		-		13
		Pass		1,181,399		492,778		119,709		168,174		105,442		218,716		520,865		-		2,807,083
	Total commercial and industrial		$	1,374,206	$	583,143	$	348,626	$	281,123	$	172,144	$	570,353	$	899,513	$	-	$	4,229,108
Construction
		Watch	$	-	$	105	$	4,895	$	-	$	-	$	-	$	960	$	-	$	5,960
		Substandard		-		-		-		21,497		-		-		-		-		21,497
		Pass		15,723		22,408		3,423		63,582		-		-		24,513		-		129,649
Total construction			$	15,723	$	22,513	$	8,318	$	85,079	$	-	$	-	$	25,473	$	-	$	157,106
Mortgage
		Substandard	$	754	$	903	$	1,172	$	3,129	$	4,374	$	159,359	$	-	$	-	$	169,691
		Pass		263,473		224,390		177,537		212,650		225,824		5,496,578		-		-		6,600,452
Total mortgage			$	264,227	$	225,293	$	178,709	$	215,779	$	230,198	$	5,655,937	$	-	$	-	$	6,770,143
Leasing
		Substandard	$	200	$	822	$	748	$	913	$	617	$	136	$	-	$	-	$	3,436
		Pass		480,964		315,022		209,340		109,708		63,955		15,236		-		-		1,194,225
Total leasing			$	481,164	$	315,844	$	210,088	$	110,621	$	64,572	$	15,372	$	-	$	-	$	1,197,661

December 31, 2020
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2020		2019		2018		2017		2016		Prior Years						Total
Puerto Rico
	Consumer:
		Credit cards
			Substandard	$	-	$	-	$	-	$	-	$	-	$	-	$	12,798	$	-	$	12,798
			Pass		-		-		-		-		-		-		907,137		-		907,137
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	919,935	$	-	$	919,935
		HELOCs
			Pass	$	-	$	-	$	-	$	-	$	-	$	540	$	3,639	$	-	$	4,179
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	540	$	3,639	$	-	$	4,179
		Personal
			Substandard	$	1,288	$	4,782	$	1,741	$	1,022	$	971	$	18,647	$	152	$	1,545	$	30,148
			Pass		323,170		413,973		168,142		99,768		57,319		137,693		2,144		45,390		1,247,599
	Total Personal			$	324,458	$	418,755	$	169,883	$	100,790	$	58,290	$	156,340	$	2,296	$	46,935	$	1,277,747
		Auto
			Substandard	$	1,975	$	6,029	$	3,612	$	1,760	$	1,369	$	990	$	-	$	-	$	15,735
			Pass		1,064,082		881,343		628,657		299,677		168,157		74,577		-		-		3,116,493
	Total Auto			$	1,066,057	$	887,372	$	632,269	$	301,437	$	169,526	$	75,567	$	-	$	-	$	3,132,228
		Other consumer
			Substandard	$	-	$	16	$	1,376	$	240	$	174	$	13,075	$	-	$	-	$	14,881
			Pass		16,912		15,698		13,158		4,966		2,828		3,785		54,437		-		111,784
	Total Other consumer			$	16,912	$	15,714	$	14,534	$	5,206	$	3,002	$	16,860	$	54,437	$	-	$	126,665
Total Puerto Rico				$	4,144,156	$	2,806,059	$	1,891,507	$	1,314,086	$	1,073,436	$	8,371,837	$	1,925,264	$	46,935	$	21,573,280

December 31, 2020
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2020		2019		2018		2017		2016		Prior Years						Total
Popular U.S.
	Commercial:
		Commercial multi-family
			Watch	$	1,643	$	16,787	$	39,980	$	39,713	$	52,989	$	61,369	$	-	$	-	$	212,481
			Special mention		3,122		30,708		4,380		19,593		37,745		20,463		-		-		116,011
			Substandard		-		17,376		21,771		1,755		20,085		6,247		-		-		67,234
			Pass		326,008		289,652		163,812		100,555		132,400		332,709		2,849		-		1,347,985
		Total commercial multi-family		$	330,773	$	354,523	$	229,943	$	161,616	$	243,219	$	420,788	$	2,849	$	-	$	1,743,711
		Commercial real estate non-owner occupied
			Watch	$	10,057	$	23,877	$	76,629	$	56,112	$	49,166	$	62,766	$	1,055	$	-	$	279,662
			Special Mention		-		4,760		15,304		14,623		70,224		20,028		350		-		125,289
			Substandard		771		18,642		36,495		11,007		40,528		28,984		-		-		136,427
			Pass		397,686		231,904		224,256		236,008		142,432		214,495		5,651		-		1,452,432
		Total commercial real estate non-owner occupied		$	408,514	$	279,183	$	352,684	$	317,750	$	302,350	$	326,273	$	7,056	$	-	$	1,993,810
		Commercial real estate owner occupied
			Watch	$	393	$	8,266	$	7,941	$	4,060	$	16,689	$	16,108	$	4,222	$	-	$	57,679
			Special Mention		-		-		192		-		-		1,467		-		-		1,659
			Substandard		-		1,152		2,361		-		1,348		20,305		-		-		25,166
			Pass		48,684		47,484		47,451		28,761		18,296		68,739		461		-		259,876
		Total commercial real estate owner occupied		$	49,077	$	56,902	$	57,945	$	32,821	$	36,333	$	106,619	$	4,683	$	-	$	344,380

	Commercial and industrial
		Watch	$	16,126	$	1,973	$	30	$	3,621	$	1,196	$	8,488	$	3,972	$	-	$	35,406
		Special Mention		14,056		-		-		1,634		4,807		4,756		1,637		-		26,890
		Substandard		2,029		6,568		-		-		-		5,980		2,394		-		16,971
		Pass		410,349		196,958		198,249		132,993		123,762		300,846		102,369		-		1,465,526
	Total commercial and industrial		$	442,560	$	205,499	$	198,279	$	138,248	$	129,765	$	320,070	$	110,372	$	-	$	1,544,793
Construction
		Watch	$	8,451	$	-	$	-	$	37,015	$	-	$	2,065	$	-	$	-	$	47,531
		Special Mention		-		-		-		3,089		-		30,083		-		-		33,172
		Substandard		-		-		20,655		9,372		7,560		-		-		-		37,587
		Pass		79,489		288,865		168,411		99,814		8,392		5,841		-		-		650,812
Total construction			$	87,940	$	288,865	$	189,066	$	149,290	$	15,952	$	37,989	$	-	$	-	$	769,102
Mortgage
		Substandard	$	29	$	-	$	1,221	$	-	$	328	$	13,287	$	-	$	-	$	14,865
		Pass		356,839		275,289		103,160		9,337		9,530		351,517		-		-		1,105,672
Total mortgage			$	356,868	$	275,289	$	104,381	$	9,337	$	9,858	$	364,804	$	-	$	-	$	1,120,537

December 31, 2020
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2020		2019		2018		2017		2016		Prior Years						Total
Popular U.S.
	Consumer:
		Credit cards
			Pass	$	-	$	-	$	-	$	-	$	-	$	-	$	31	$	-	$	31
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	31	$	-	$	31
		HELOCs
			Substandard	$	-	$	-	$	-	$	-	$	-	$	112	$	-	$	357	$	469
			Loss		-		-		-		-		-		156		-		6,867		7,023
			Pass		-		-		-		-		-		11,907		39,366		35,806		87,079
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	12,175	$	39,366	$	43,030	$	94,571
		Personal
			Substandard	$	83	$	784	$	165	$	74	$	18	$	6	$	-	$	-	$	1,130
			Loss		-		17		63		12		6		244		2		-		344
			Pass		40,539		109,606		27,693		9,623		1,855		8,256		192		-		197,764
	Total Personal			$	40,622	$	110,407	$	27,921	$	9,709	$	1,879	$	8,506	$	194	$	-	$	199,238
		Other consumer
			Substandard	$	-		-		-		-		-		-		20		-		20
			Pass	$	-	$	-	$	-	$	-	$	-	$	-	$	1,723	$	-	$	1,723
	Total Other consumer			$	-	$	-	$	-	$	-	$	-	$	-	$	1,743	$	-	$	1,743
Total Popular U.S.				$	1,716,354	$	1,570,668	$	1,160,219	$	818,771	$	739,356	$	1,597,224	$	166,294	$	43,030	$	7,811,916

December 31, 2020
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2020		2019		2018		2017		2016		Prior Years						Total
Popular, Inc.
	Commercial:
		Commercial multi-family
			Watch	$	1,643	$	16,787	$	39,980	$	39,713	$	52,989	$	61,829	$	-	$	-	$	212,941
			Special mention		3,122		30,708		4,380		19,593		37,745		24,623		-		-		120,171
			Substandard		-		17,376		21,771		1,755		20,085		6,647		100		-		67,734
			Pass		331,224		326,085		189,863		102,661		134,963		407,500		2,849		-		1,495,145
		Total commercial multi-family		$	335,989	$	390,956	$	255,994	$	163,722	$	245,782	$	500,599	$	2,949	$	-	$	1,895,991
		Commercial real estate non-owner occupied
			Watch	$	171,017	$	97,438	$	104,221	$	96,766	$	82,443	$	260,678	$	3,155	$	-	$	815,718
			Special Mention		-		31,091		139,864		44,334		90,119		82,867		1,186		-		389,461
			Substandard		44,170		92,945		63,294		15,939		70,502		159,202		95		-		446,147
			Pass		486,010		285,289		264,070		296,593		267,075		741,777		9,003		-		2,349,817
		Total commercial real estate non-owner occupied		$	701,197	$	506,763	$	571,449	$	453,632	$	510,139	$	1,244,524	$	13,439	$	-	$	4,001,143
		Commercial real estate owner occupied
			Watch	$	96,439	$	18,585	$	22,353	$	13,820	$	26,273	$	162,553	$	6,849	$	-	$	346,872
			Special Mention		850		6,638		441		6,571		282		173,545		-		-		188,327
			Substandard		1,774		3,333		40,047		1,878		28,442		165,498		-		-		240,972
			Doubtful		-		-		-		-		-		1,714		-		-		1,714
			Pass		253,524		101,758		79,368		86,615		146,688		486,115		11,322		-		1,165,390
		Total commercial real estate owner occupied		$	352,587	$	130,314	$	142,209	$	108,884	$	201,685	$	989,425	$	18,171	$	-	$	1,943,275
		Commercial and industrial
			Watch	$	147,682	$	79,794	$	182,806	$	43,939	$	65,164	$	276,344	$	247,307	$	-	$	1,043,036
			Special Mention		42,366		10,297		19,220		47,495		5,717		33,263		87,900		-		246,258
			Substandard		34,970		8,748		26,921		26,769		1,824		61,200		51,430		-		211,862
			Doubtful		-		67		-		1		-		54		1		-		123
			Loss		-		-		-		-		-		-		13		-		13
			Pass		1,591,748		689,736		317,958		301,167		229,204		519,562		623,234		-		4,272,609
		Total commercial and industrial		$	1,816,766	$	788,642	$	546,905	$	419,371	$	301,909	$	890,423	$	1,009,885	$	-	$	5,773,901

December 31, 2020
			Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
			Amortized Cost Basis by Origination Year
(In thousands)				2020		2019		2018		2017		2016		Prior Years						Total
Popular, Inc.
	Construction
		Watch	$	8,451	$	105	$	4,895	$	37,015	$	-	$	2,065	$	960	$	-	$	53,491
		Special Mention		-		-		-		3,089		-		30,083		-		-		33,172
		Substandard		-		-		20,655		30,869		7,560		-		-		-		59,084
		Pass		95,212		311,273		171,834		163,396		8,392		5,841		24,513		-		780,461
	Total construction		$	103,663	$	311,378	$	197,384	$	234,369	$	15,952	$	37,989	$	25,473	$	-	$	926,208
	Mortgage
		Substandard	$	783	$	903	$	2,393	$	3,129	$	4,702	$	172,646	$	-	$	-	$	184,556
		Pass		620,312		499,679		280,697		221,987		235,354		5,848,095		-		-		7,706,124
	Total mortgage		$	621,095	$	500,582	$	283,090	$	225,116	$	240,056	$	6,020,741	$	-	$	-	$	7,890,680
	Leasing
		Substandard	$	200	$	822	$	748	$	913	$	617	$	136	$	-	$	-	$	3,436
		Pass		480,964		315,022		209,340		109,708		63,955		15,236		-		-		1,194,225
	Total leasing		$	481,164	$	315,844	$	210,088	$	110,621	$	64,572	$	15,372	$	-	$	-	$	1,197,661

December 31, 2020
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2020		2019		2018		2017		2016		Prior Years						Total
Popular, Inc.
	Consumer:
		Credit cards
			Substandard	$	-	$	-	$	-	$	-	$	-	$	-	$	12,798	$	-	$	12,798
			Pass		-		-		-		-		-		-		907,168		-		907,168
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	919,966	$	-	$	919,966
		HELOCs
			Substandard	$	-	$	-	$	-	$	-	$	-	$	112	$	-	$	357	$	469
			Loss		-		-		-		-		-		156		-		6,867		7,023
			Pass		-		-		-		-		-		12,447		43,005		35,806		91,258
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	12,715	$	43,005	$	43,030	$	98,750
		Personal
			Substandard	$	1,371	$	5,566	$	1,906	$	1,096	$	989	$	18,653	$	152	$	1,545	$	31,278
			Loss		-		17		63		12		6		244		2		-		344
			Pass		363,709		523,579		195,835		109,391		59,174		145,949		2,336		45,390		1,445,363
	Total Personal			$	365,080	$	529,162	$	197,804	$	110,499	$	60,169	$	164,846	$	2,490	$	46,935	$	1,476,985
		Auto
			Substandard	$	1,975	$	6,029	$	3,612	$	1,760	$	1,369	$	990	$	-	$	-	$	15,735
			Pass		1,064,082		881,343		628,657		299,677		168,157		74,577		-		-		3,116,493
	Total Auto			$	1,066,057	$	887,372	$	632,269	$	301,437	$	169,526	$	75,567	$	-	$	-	$	3,132,228
		Other consumer
			Substandard	$	-	$	16	$	1,376	$	240	$	174	$	13,075	$	20	$	-	$	14,901
			Pass		16,912		15,698		13,158		4,966		2,828		3,785		56,160		-		113,507
	Total Other consumer			$	16,912	$	15,714	$	14,534	$	5,206	$	3,002	$	16,860	$	56,180	$	-	$	128,408
Total Popular Inc.				$	5,860,510	$	4,376,727	$	3,051,726	$	2,132,857	$	1,812,792	$	9,969,061	$	2,091,558	$	89,965	$	29,385,196