Allowance for credit losses - loans held-in-portfolio

6 Months Ended

Jun. 30, 2022

Allowance for credit losses [Abstract]

Allowance for credit losses

Note 8 – Allowance for credit losses – loans held-in-portfolio

The Corporation follows the current expected credit loss (“CECL”) model, to establish and evaluate the adequacy of the allowance for credit losses (“ACL”) to provide for expected losses in the loan portfolio. This model establishes a forward-looking methodology that reflects the expected credit losses over the lives of financial assets, starting when such assets are first acquired or originated. In addition, CECL provides that the initial ACL on purchased credit deteriorated (“PCD”) financial assets be recorded as an increase to the purchase price, with subsequent changes to the allowance recorded as a credit loss expense. The provision for credit losses recorded in current operations is based on this methodology. Loan losses are charged and recoveries are credited to the ACL.

At June 30, 2022, the Corporation estimated the ACL by weighting the outputs of optimistic, baseline, and pessimistic scenarios. Among the three scenarios used to estimate the ACL, the baseline is assigned the highest probability, followed by the pessimistic scenario given the uncertainties in the economic outlook and downside risk. The weightings applied are subject to evaluation on a quarterly basis as part of the ACL’s governance process. The current baseline forecast continues to show a favorable economic scenario. Annualized 2022 GDP growth of 2.8% is expected for both Puerto Rico and the United States, compared to 3.5% and 3.7%, respectively, in the previous quarter. Changes in assumptions related to fiscal stimulus, higher energy prices and tighter financial market conditions contributed to the reduction. The 2022 average unemployment rate is forecasted at 6.9% and 3.5% for Puerto Rico and the United States, respectively, improving from 7.3% and 3.6%, respectively, in the previous forecast.

The following tables present the changes in the ACL of loans held-in-portfolio and unfunded commitments for the quarters and six months ended June 30, 2022 and 2021.

For the quarter ended June 30, 2022
Puerto Rico
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	145,471	$	2,414	$	131,362	$	18,398	$	278,966	$	576,611
	Provision for credit losses (benefit)		4,664		265		(5,953)		1,306		8,846		9,128
	Initial allowance for credit losses - PCD Loans		-		-		170		-		-		170
	Charge-offs		(1,322)		-		(1,367)		(1,496)		(21,779)		(25,964)
	Recoveries		4,734		395		5,818		829		8,856		20,632
Ending balance		$	153,547	$	3,074	$	130,030	$	19,037	$	274,889	$	580,577
Allowance for credit losses - unfunded commitments:
Beginning balance		$	1,647	$	1,924	$	-	$	-	$	-	$	3,571
	Provision for credit losses (benefit)		385		(390)		-		-		-		(5)
Ending balance - unfunded commitments [1]		$	2,032	$	1,534	$	-	$	-	$	-	$	3,566
[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 June 30, 2022
Popular U.S.
(In thousands)		Commercial		Construction		Mortgage			Consumer	Total
Allowance for credit losses - loans:
Beginning balance		$	59,172	$	4,125	$	17,844	$	20,040	$	101,181
	Provision for credit losses (benefit)		(2,952)		(290)		494		3,481		733
	Charge-offs		(397)		-		(68)		(1,328)		(1,793)
	Recoveries		260		4		5		783		1,052
Ending balance		$	56,083	$	3,839	$	18,275	$	22,976	$	101,173
Allowance for credit losses - unfunded commitments:
Beginning balance		$	1,318	$	2,135	$	-	$	30	$	3,483
	Provision for credit losses (benefit)		(1)		(174)		-		30		(145)
Ending balance - unfunded commitments [1]		$	1,317	$	1,961	$	-	$	60	$	3,338
[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 June 30, 2022
Popular, Inc.
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	204,643	$	6,539	$	149,206	$	18,398	$	299,006	$	677,792
	Provision for credit losses (benefit)		1,712		(25)		(5,459)		1,306		12,327		9,861
	Initial allowance for credit losses - PCD Loans		-		-		170		-		-		170
	Charge-offs		(1,719)		-		(1,435)		(1,496)		(23,107)		(27,757)
	Recoveries		4,994		399		5,823		829		9,639		21,684
Ending balance		$	209,630	$	6,913	$	148,305	$	19,037	$	297,865	$	681,750
Allowance for credit losses - unfunded commitments:
Beginning balance		$	2,965	$	4,059	$	-	$	-	$	30	$	7,054
	Provision for credit losses (benefit)		384		(564)		-		-		30		(150)
Ending balance - unfunded commitments [1]		$	3,349	$	3,495	$	-	$	-	$	60	$	6,904
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the six months ended June 30, 2022
Puerto Rico
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	151,928	$	1,641	$	138,286	$	17,578	$	284,729	$	594,162
	Provision for credit losses (benefit)		(6,023)		622		(16,481)		1,692		16,657		(3,533)
	Initial allowance for credit losses - PCD Loans		-		-		782		-		-		782
	Charge-offs		(1,849)		-		(2,688)		(1,903)		(43,844)		(50,284)
	Recoveries		9,491		811		10,131		1,670		17,347		39,450
Ending balance - loans		$	153,547	$	3,074	$	130,030	$	19,037	$	274,889	$	580,577
Allowance for credit losses - unfunded commitments:
Beginning balance		$	1,751	$	2,388	$	-	$	-	$	-	$	4,139
	Provision for credit losses (benefit)		281		(854)		-		-		-		(573)
Ending balance - unfunded commitments [1]		$	2,032	$	1,534	$	-	$	-	$	-	$	3,566
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the six months ended June 30, 2022
Popular U.S.
(In thousands)		Commercial		Construction		Mortgage		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	63,877	$	4,722	$	16,192	$	16,413	$	101,204
	Provision for credit losses (benefit)		(8,284)		(2,015)		2,126		7,162		(1,011)
	Charge-offs		(524)		-		(68)		(2,633)		(3,225)
	Recoveries		1,014		1,132		25		2,034		4,205
Ending balance - loans		$	56,083	$	3,839	$	18,275	$	22,976	$	101,173
Allowance for credit losses - unfunded commitments:
Beginning balance		$	1,384	$	2,337	$	-	$	37	$	3,758
	Provision for credit losses (benefit)		(67)		(376)		-		23		(420)
Ending balance - unfunded commitments [1]		$	1,317	$	1,961	$	-	$	60	$	3,338
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the six months ended June 30, 2022
Popular, Inc.
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	215,805	$	6,363	$	154,478	$	17,578	$	301,142	$	695,366
	Provision for credit losses (benefit)		(14,307)		(1,393)		(14,355)		1,692		23,819		(4,544)
	Initial allowance for credit losses - PCD Loans		-		-		782		-		-		782
	Charge-offs		(2,373)		-		(2,756)		(1,903)		(46,477)		(53,509)
	Recoveries		10,505		1,943		10,156		1,670		19,381		43,655
Ending balance - loans		$	209,630	$	6,913	$	148,305	$	19,037	$	297,865	$	681,750
Allowance for credit losses - unfunded commitments:
Beginning balance		$	3,135	$	4,725	$	-	$	-	$	37	$	7,897
	Provision for credit losses (benefit)		214		(1,230)		-		-		23		(993)
Ending balance - unfunded commitments [1]		$	3,349	$	3,495	$	-	$	-	$	60	$	6,904
[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 June 30, 2021
Puerto Rico
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	197,111	$	260	$	185,805	$	12,687	$	285,793	$	681,656
	Provision for credit losses (benefit)		(20,204)		481		(19,264)		5,257		11,242		(22,488)
	Initial allowance for credit losses - PCD Loans		-		-		1,202		-		-		1,202
	Charge-offs		(2,035)		-		(5,047)		(1,135)		(17,366)		(25,583)
	Recoveries		11,912		479		4,112		742		9,821		27,066
Ending balance		$	186,784	$	1,220	$	166,808	$	17,551	$	289,490	$	661,853
Allowance for credit losses - unfunded commitments:
Beginning balance		$	3,913	$	245	$	-	$	-	$	-	$	4,158
	Provision for credit losses		(661)		1,160		-		-		-		499
Ending balance - unfunded commitments [1]		$	3,252	$	1,405	$	-	$	-	$	-	$	4,657
[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 June 30, 2021
Popular U.S.
(In thousands)		Commercial		Construction		Mortgage		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	79,108	$	8,935	$	16,321	$	14,777	$	119,141
	Provision for credit losses (benefit)		4,839		1,194		(933)		(112)		4,988
	Charge-offs		(690)		(523)		-		(2,374)		(3,587)
	Recoveries		1,103		430		423		1,439		3,395
Ending balance - loans		$	84,360	$	10,036	$	15,811	$	13,730	$	123,937
Allowance for credit losses - unfunded commitments:
Beginning balance		$	1,443	$	3,903	$	-	$	65	$	5,411
	Provision for credit losses		116		(231)		-		(17)		(132)
Ending balance - unfunded commitments [1]		$	1,559	$	3,672	$	-	$	48	$	5,279
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statement of Financial Condition.

For the quarter ended June 30, 2021
Popular, Inc.
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	276,219	$	9,195	$	202,126	$	12,687	$	300,570	$	800,797
	Provision for credit losses (benefit)		(15,365)		1,675		(20,197)		5,257		11,130		(17,500)
	Initial allowance for credit losses - PCD Loans		-		-		1,202		-		-		1,202
	Charge-offs		(2,725)		(523)		(5,047)		(1,135)		(19,740)		(29,170)
	Recoveries		13,015		909		4,535		742		11,260		30,461
Ending balance		$	271,144	$	11,256	$	182,619	$	17,551	$	303,220	$	785,790
Allowance for credit losses - loans:
Beginning balance		$	5,356	$	4,148	$	-	$	-	$	65	$	9,569
	Provision for credit losses		(545)		929		-		-		(17)		367
Ending balance - unfunded commitments [1]		$	4,811	$	5,077	$	-	$	-	$	48	$	9,936
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the six months ended June 30, 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 for credit losses (benefit)		(49,850)		1,787		(22,069)		1,199		6,469		(62,464)
	Initial allowance for credit losses - PCD Loans		-		-		2,558		-		-		2,558
	Charge-offs		(4,918)		(6,619)		(15,428)		(2,193)		(41,395)		(70,553)
	Recoveries		16,229		1,181		6,190		1,682		27,280		52,562
Ending balance - loans		$	186,784	$	1,220	$	166,808	$	17,551	$	289,490	$	661,853
Allowance for credit losses - unfunded commitments:
Beginning balance		$	4,913	$	4,610	$	-	$	-	$	-	$	9,523
	Provision for credit losses (benefit)		(1,661)		(3,205)		-		-		-		(4,866)
Ending balance - unfunded commitments [1]		$	3,252	$	1,405	$	-	$	-	$	-	$	4,657
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the six months ended June 30, 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
	Provision for credit losses (benefit)		(24,094)		763		(4,851)		(2,633)		(30,815)
	Charge-offs		(1,073)		(523)		(1)		(5,630)		(7,227)
	Recoveries		1,470		430		504		3,075		5,479
Ending balance - loans		$	84,360	$	10,036	$	15,811	$	13,730	$	123,937
Allowance for credit losses - unfunded commitments:
Beginning balance		$	1,753	$	4,469	$	-	$	106	$	6,328
	Provision for credit losses (benefit)		(194)		(797)		-		(58)		(1,049)
Ending balance - unfunded commitments [1]		$	1,559	$	3,672	$	-	$	48	$	5,279
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the six months ended June 30, 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 for credit losses (benefit)		(73,944)		2,550		(26,920)		1,199		3,836		(93,279)
	Initial allowance for credit losses - PCD Loans		-		-		2,558		-		-		2,558
	Charge-offs		(5,991)		(7,142)		(15,429)		(2,193)		(47,025)		(77,780)
	Recoveries		17,699		1,611		6,694		1,682		30,355		58,041
Ending balance - loans		$	271,144	$	11,256	$	182,619	$	17,551	$	303,220	$	785,790
Allowance for credit losses - unfunded commitments:
Beginning balance		$	6,666	$	9,079	$	-	$	-	$	106	$	15,851
	Provision for credit losses (benefit)		(1,855)		(4,002)		-		-		(58)		(5,915)
Ending balance - unfunded commitments [1]		$	4,811	$	5,077	$	-	$	-	$	48	$	9,936
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

Modifications

A modification of a loan constitutes a troubled debt restructuring when a borrower is experiencing financial difficulty and the modification constitutes a concession. For a summary of the accounting policy related to TDRs, refer to the Summary of Significant Accounting Policies included in Note 2 to the 2021 Form 10-K.

The outstanding balance of loans classified as TDRs amounted to $1.6 billion at June 30, 2022 (December 31, 2021 - $1.7 billion). The amount of outstanding commitments to lend additional funds to debtors owing loans whose terms have been modified in TDRs amounted to $9 million related to the commercial loan portfolio at June 30, 2022 (December 31, 2021 - $9 million).

The following table presents the outstanding balance of loans classified as TDRs according to their accruing status and the related allowance at June 30, 2022 and December 31, 2021.

	June 30, 2022								December 31, 2021
(In thousands)		Accruing		Non-Accruing		Total		Related Allowance		Accruing		Non-Accruing		Total		Related Allowance
Loans held-in-portfolio:
Commercial	$	267,762	$	60,499	$	328,261	$	22,112	$	261,344	$	64,744	$	326,088	$	24,736
Mortgage[1]		1,160,469		93,309		1,253,778		62,587		1,143,204		112,509		1,255,713		61,888
Leasing		151		38		189		29		325		47		372		42
Consumer		57,690		9,240		66,930		14,546		64,093		10,556		74,649		16,124
Loans held-in-portfolio	$	1,486,072	$	163,086	$	1,649,158	$	99,274	$	1,468,966	$	187,856	$	1,656,822	$	102,790
[1] At June 30, 2022, accruing mortgage loan TDRs include $724 million guaranteed by U.S. sponsored entities at BPPR, compared to $716 million at December 31, 2021.

The following tables present the loan count by type of modification for those loans modified in a TDR during the quarters ended June 30, 2022 and 2021. Loans modified as TDRs for the U.S. operations are considered insignificant to the Corporation.

	Popular, Inc.
	For the quarter ended June 30, 2022				For the six months ended June 30, 2022
	Reduction in interest rate	Extension of maturity date	Combination of reduction in interest rate and extension of maturity date	Other	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	-	1	-	1	-	2
Commercial real estate owner occupied	-	5	1	-	1	6	1	-
Commercial and industrial	2	-	1	-	3	5	1	11
Mortgage	3	31	217	-	4	65	505	1
Leasing	-	-	1	-	-	-	1	-
Consumer:
Credit cards	9	-	-	7	24	-	-	22
Personal	29	36	-	1	54	56	-	1
Auto	-	-	-	-	-	1	-	-
Total	43	73	220	9	86	134	508	37

	Popular, Inc.
	For the quarter ended June 30, 2021				For the six months ended June 30, 2021
	Reduction in interest rate	Extension of maturity date	Combination of reduction in interest rate and extension of maturity date	Other	Reduction in interest rate	Extension of maturity date	Combination of reduction in interest rate and extension of maturity date	Other
Commercial multi-family	-	-	1	-	-	1	1	-
Commercial real estate non-owner occupied	-	-	-	-	-	9	-	-
Commercial real estate owner occupied	1	3	3	2	3	23	3	2
Commercial and industrial	1	-	-	6	1	8	-	6
Mortgage	14	39	458	-	22	79	818	-
Leasing	-	-	-	-	-	-	1	-
Consumer:
Credit cards	37	-	1	13	89	-	1	27
HELOCs	-	1	-	-	-	1	1	-
Personal	59	61	-	2	120	63	1	2
Auto	-	1	-	-	-	2	2	-
Other	2	-	-	-	6	-	-	-
Total	114	105	463	23	241	186	828	37

The following tables present by class, quantitative information related to loans modified as TDRs during the quarters and six months ended June 30, 2022 and 2021.

Popular, Inc.
For the quarter ended June 30, 2022
(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	2	$	52	$	51	$	5
Commercial real estate owner occupied	6		12,377		12,369		(2,073)
Commercial and industrial	3		156		153		30
Mortgage	251		29,907		31,134		1,091
Leasing	1		14		12		2
Consumer:
Credit cards	16		162		172		2
Personal	66		952		1,030		135
Total	345	$	43,620	$	44,921	$	(808)

Popular, Inc.
For the quarter ended June 30, 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	$	159	$	125	$	22
Commercial real estate owner occupied	9		51,050		50,472		564
Commercial and industrial	7		491		489		57
Mortgage	511		58,094		61,522		2,105
Consumer:
Credit cards	51		730		628		7
HELOCs	1		113		112		26
Personal	122		1,620		1,619		328
Auto	1		16		16		5
Other	2		5		5		1
Total	705	$	112,278	$	114,988	$	3,115

Popular, Inc.
For the six months ended June 30, 2022
(Dollars in thousands)	Loan count	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Increase (decrease) in the allowance for credit losses as a result of modification
Commercial real estate non-owner occupied	3	$	3,452	$	3,451	$	5
Commercial real estate owner occupied	8		13,106		13,096		(2,073)
Commercial and industrial	20		49,502		49,308		2,060
Mortgage	575		64,783		66,726		2,111
Leasing	1		14		12		2
Consumer:
Credit cards	46		410		445		7
Personal	111		1,681		1,758		265
Auto	1		28		28		5
Total	765	$	132,976	$	134,824	$	2,382

Popular, Inc.
For the six months ended June 30, 2021
(Dollars in thousands)	Loan count	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Increase (decrease) in the allowance for credit losses as a result of modification
Commercial multi-family	2	$	246	$	211	$	26
Commercial real estate non-owner occupied	9		3,295		3,281		141
Commercial real estate owner occupied	31		80,800		79,956		1,136
Commercial and industrial	15		713		707		65
Mortgage	919		105,748		111,251		3,151
Leasing	1		32		32		4
Consumer:
Credit cards	117		1,554		1,482		34
HELOCs	2		176		228		54
Personal	186		2,682		2,681		632
Auto	4		64		69		15
Other	6		11		11		2
Total	1,292	$	195,321	$	199,909	$	5,260

The following tables present, by class, TDRs that were subject to payment default and that had been modified as a TDR during the twelve months preceding the default date. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification date. Loans modified as a TDR that were fully paid down, charged-off or foreclosed upon by period end are not reported.

Popular, Inc.
	Defaulted during the quarter ended June 30, 2022			Defaulted during the six months ended June 30, 2022
(Dollars in thousands)	Loan count		Recorded investment as of first default date	Loan count		Recorded investment as of first default date
Commercial and industrial	3	$	2,496	3	$	2,496
Mortgage	32		3,830	38		5,699
Consumer:
Credit cards	8		28	19		135
Personal	7		270	19		398
Total	50	$	6,624	79	$	8,728

Popular, Inc.
	Defaulted during the quarter ended June 30, 2021			Defaulted during the six months ended June 30, 2021
(Dollars in thousands)	Loan count		Recorded investment as of first default date	Loan count		Recorded investment as of first default date
Commercial real estate non-owner occupied	4	$	8,421	4	$	8,421
Commercial real estate owner occupied	-		-	2		3,754
Commercial and industrial	3		93	5		317
Mortgage	24		3,279	47		5,011
Consumer:
Credit cards	23		280	60		751
Personal	11		212	14		472
Total	65	$	12,285	132	$	18,726

Commercial, consumer and mortgage loans modified in a TDR are closely monitored for delinquency as an early indicator of possible future default. If loans modified in a TDR subsequently default, the ACL may be increased or partial charge-offs may be taken to further write-down the carrying value of the loan.

Credit Quality

The risk rating system provides for the assignment of ratings at the obligor level based on the financial condition of the borrower. The risk rating analysis process is performed at least once a year or more frequently if events or conditions change which may deteriorate the credit quality. In the case of consumer and mortgage loans, these loans are classified considering their delinquency status at the end of the reporting period.

The following tables present the amortized cost basis, net of unearned income, of loans held-in-portfolio based on the Corporation’s assignment of obligor risk ratings as defined at June 30, 2022 and December 31, 2021 by vintage year. For the definitions of the obligor risk ratings, refer to the Credit Quality section of Note 8 to the Consolidated Financial Statements included in the Corporation’s Form 10-K for the year ended December 31, 2021.

June 30, 2022
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2022		2021		2020		2019		2018		Prior Years						Total
Puerto Rico
	Commercial:
		Commercial multi-family
			Watch	$	-	$	-	$	-	$	-	$	-	$	4,362	$	-	$	-	$	4,362
			Special mention		-		-		-		-		-		2,890		-		-		2,890
			Substandard		-		-		-		983		-		6,108		100		-		7,191
			Pass		89,752		23,534		20,982		34,166		24,981		28,696		-		-		222,111
		Total commercial multi-family		$	89,752	$	23,534	$	20,982	$	35,149	$	24,981	$	42,056	$	100	$	-	$	236,554
		Commercial real estate non-owner occupied
			Watch	$	29,864	$	79,782	$	220,704	$	18,577	$	85,504	$	153,862	$	2,187	$	-	$	590,480
			Special Mention		-		30,152		11,759		8,653		-		22,811		-		-		73,375
			Substandard		3,423		206		27,449		18,786		36,934		74,135		-		-		160,933
			Pass		355,064		534,328		210,145		97,235		35,018		585,865		9,675		-		1,827,330
		Total commercial real estate non-owner occupied		$	388,351	$	644,468	$	470,057	$	143,251	$	157,456	$	836,673	$	11,862	$	-	$	2,652,118
		Commercial real estate owner occupied
			Watch	$	2,234	$	10,958	$	5,892	$	6,918	$	6,962	$	100,546	$	-	$	-	$	133,510
			Special Mention		-		-		931		7,136		1,394		78,144		-		-		87,605
			Substandard		11,425		4,873		1,306		859		34,762		91,428		-		-		144,653
			Doubtful		-		-		-		-		-		603		-		-		603
			Pass		82,073		269,710		151,909		45,526		52,826		420,051		18,283		-		1,040,378
		Total commercial real estate owner occupied		$	95,732	$	285,541	$	160,038	$	60,439	$	95,944	$	690,772	$	18,283	$	-	$	1,406,749

	Commercial and industrial
		Watch	$	31,573	$	74,590	$	9,606	$	23,705	$	98,226	$	58,662	$	80,254	$	-	$	376,616
		Special Mention		-		1,806		569		1,741		24,954		49,956		20,221		-		99,247
		Substandard		19,831		396		6,927		3,217		20,798		46,432		46,296		-		143,897
		Doubtful		-		-		-		-		-		83		-		-		83
		Loss		-		-		-		-		-		-		7		-		7
		Pass		386,907		707,961		169,375		263,358		45,636		344,309		983,287		-		2,900,833
	Total commercial and industrial		$	438,311	$	784,753	$	186,477	$	292,021	$	189,614	$	499,442	$	1,130,065	$	-	$	3,520,683
Construction
		Watch	$	7,450	$	1,410	$	8,623	$	498	$	-	$	-	$	14,119	$	-	$	32,100
		Special Mention		1,787		-		-		-		-		-		-		-		1,787
		Pass		1,589		36,280		64,524		1,116		-		-		24,966		-		128,475
Total construction			$	10,826	$	37,690	$	73,147	$	1,614	$	-	$	-	$	39,085	$	-	$	162,362
Mortgage
		Substandard	$	-	$	50	$	1,307	$	4,417	$	5,483	$	107,988	$	-	$	-	$	119,245
		Pass		136,373		463,858		293,940		211,365		245,782		4,571,360		-		-		5,922,678
Total mortgage			$	136,373	$	463,908	$	295,247	$	215,782	$	251,265	$	4,679,348	$	-	$	-	$	6,041,923
Leasing
		Substandard	$	180	$	937	$	989	$	972	$	831	$	665	$	-	$	-	$	4,574
		Loss		-		-		-		26		-		64		-		-		90
		Pass		372,931		490,928		283,111		181,773		104,791		42,024		-		-		1,475,558
Total leasing			$	373,111	$	491,865	$	284,100	$	182,771	$	105,622	$	42,753	$	-	$	-	$	1,480,222

June 30, 2022
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2022		2021		2020		2019		2018		Prior Years						Total
Puerto Rico
	Consumer:
		Credit cards
			Substandard	$	-	$	-	$	-	$	-	$	-	$	-	$	8,879	$	-	$	8,879
			Loss		-		-		-		-		-		-		17		-		17
			Pass		-		-		-		-		-		-		957,803		-		957,803
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	966,699	$	-	$	966,699
		HELOCs
			Pass		-		-		-		-		-		-		3,122		-		3,122
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	-	$	3,122	$	-	$	3,122
		Personal
			Substandard	$	69	$	1,375	$	768	$	2,011	$	848	$	13,220	$	-	$	1,188	$	19,479
			Loss		-		60		-		68		-		18		-		2		148
			Pass		402,112		430,129		139,974		163,060		66,075		135,293		-		31,830		1,368,473
	Total Personal			$	402,181	$	431,564	$	140,742	$	165,139	$	66,923	$	148,531	$	-	$	33,020	$	1,388,100
		Auto
			Substandard	$	399	$	7,125	$	8,748	$	8,895	$	4,727	$	3,005	$	-	$	-	$	32,899
			Loss		-		-		28		91		-		9		-		-		128
			Pass		646,578		1,101,866		697,273		525,778		329,466		155,988		-		-		3,456,949
	Total Auto			$	646,977	$	1,108,991	$	706,049	$	534,764	$	334,193	$	159,002	$	-	$	-	$	3,489,976
		Other consumer
			Substandard	$	-	$	-	$	130	$	-	$	465	$	5	$	11,082	$	-	$	11,682
			Loss		-		-		-		-		443		-		-		-		443
			Pass		17,719		21,774		7,323		7,455		5,042		3,714		57,997		-		121,024
	Total Other consumer			$	17,719	$	21,774	$	7,453	$	7,455	$	5,950	$	3,719	$	69,079	$	-	$	133,149
Total Puerto Rico				$	2,599,333	$	4,294,088	$	2,344,292	$	1,638,385	$	1,231,948	$	7,102,296	$	2,238,295	$	33,020	$	21,481,657

June 30, 2022
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2022		2021		2020		2019		2018		Prior Years						Total
Popular U.S.
	Commercial:
		Commercial multi-family
			Watch	$	-	$	8,526	$	43,413	$	48,152	$	20,473	$	64,575	$	-	$	-	$	185,139
			Special mention		-		-		1,213		942		29,452		22,477		-		-		54,084
			Substandard		-		-		-		66,892		10,897		4,994		-		-		82,783
			Pass		264,305		409,863		206,453		196,526		133,228		359,456		3,982		-		1,573,813
		Total commercial multi-family		$	264,305	$	418,389	$	251,079	$	312,512	$	194,050	$	451,502	$	3,982	$	-	$	1,895,819
		Commercial real estate non-owner occupied
			Watch	$	-	$	12,692	$	16,783	$	15,033	$	45,671	$	101,497	$	-	$	-	$	191,676
			Special Mention		-		-		-		3,162		1,797		21,798		-		-		26,757
			Substandard		-		2,902		749		11,739		1,555		32,860		-		-		49,805
			Pass		208,048		199,900		207,046		100,601		93,503		383,391		7,496		-		1,199,985
		Total commercial real estate non-owner occupied		$	208,048	$	215,494	$	224,578	$	130,535	$	142,526	$	539,546	$	7,496	$	-	$	1,468,223
		Commercial real estate owner occupied
			Watch	$	-	$	-	$	5,317	$	3,795	$	10,867	$	41,669	$	4,222	$	-	$	65,870
			Special Mention		-		-		-		-		5,141		16,554		-		-		21,695
			Substandard		-		-		-		7,479		2,287		43,495		-		-		53,261
			Pass		207,879		427,167		141,530		96,425		145,376		302,040		5,569		-		1,325,986
		Total commercial real estate owner occupied		$	207,879	$	427,167	$	146,847	$	107,699	$	163,671	$	403,758	$	9,791	$	-	$	1,466,812

	Commercial and industrial
		Watch	$	2,812	$	2,201	$	2,748	$	2,652	$	8,798	$	727	$	13,515	$	-	$	33,453
		Special Mention		1,052		1,483		6,597		582		447		20		4,722		-		14,903
		Substandard		328		1,203		1,268		4,460		796		1,857		5,224		-		15,136
		Loss		-		253		105		255		110		6		-		-		729
		Pass		70,371		302,851		371,225		200,441		183,865		409,491		295,878		-		1,834,122
	Total commercial and industrial		$	74,563	$	307,991	$	381,943	$	208,390	$	194,016	$	412,101	$	319,339	$	-	$	1,898,343
Construction
		Watch	$	-	$	4,016	$	14,143	$	30,941	$	18,166	$	33,444	$	-	$	-	$	100,710
		Special Mention		-		-		-		-		-		13,655		-		-		13,655
		Substandard		-		-		-		-		15,892		10,154		-		-		26,046
		Pass		28,379		149,831		157,216		104,036		5,650		43,035		-		-		488,147
Total construction			$	28,379	$	153,847	$	171,359	$	134,977	$	39,708	$	100,288	$	-	$	-	$	628,558
Mortgage
		Substandard	$	-	$	639	$	4,338	$	4,285	$	919	$	10,010	$	-	$	-	$	20,191
		Pass		120,481		312,099		250,047		197,444		60,326		259,444		-		-		1,199,841
Total mortgage			$	120,481	$	312,738	$	254,385	$	201,729	$	61,245	$	269,454	$	-	$	-	$	1,220,032

June 30, 2022
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2022		2021		2020		2019		2018		Prior Years						Total
Popular U.S.
	Consumer:
		Credit cards
			Pass	$	-	$	-	$	-	$	-	$	-	$	-	$	47	$	-	$	47
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	47	$	-	$	47
		HELOCs
			Substandard	$	-	$	-	$	-	$	-	$	-	$	2,653	$	-	$	813	$	3,466
			Loss		-		-		-		-		-		159		-		1,079		1,238
			Pass		-		-		-		-		-		9,697		40,387		16,667		66,751
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	12,509	$	40,387	$	18,559	$	71,455
		Personal
			Substandard	$	49	$	163	$	168	$	168	$	32	$	142	$	-	$	-	$	722
			Loss		-		-		-		11		-		16		-		-		27
			Pass		127,064		61,523		12,120		23,574		4,217		5,066		-		-		233,564
	Total Personal			$	127,113	$	61,686	$	12,288	$	23,753	$	4,249	$	5,224	$	-	$	-	$	234,313
		Other consumer
			Substandard	$	-	$	-	$	-	$	-	$	-	$	-	$	1	$	-	$	1
			Pass		-		-		-		-		-		-		5,676		-		5,676
	Total Other consumer			$	-	$	-	$	-	$	-	$	-	$	-	$	5,677	$	-	$	5,677
Total Popular U.S.				$	1,030,768	$	1,897,312	$	1,442,479	$	1,119,595	$	799,465	$	2,194,382	$	386,719	$	18,559	$	8,889,279

June 30, 2022
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2022		2021		2020		2019		2018		Prior Years						Total
Popular, Inc.
	Commercial:
		Commercial multi-family
			Watch	$	-	$	8,526	$	43,413	$	48,152	$	20,473	$	68,937	$	-	$	-	$	189,501
			Special mention		-		-		1,213		942		29,452		25,367		-		-		56,974
			Substandard		-		-		-		67,875		10,897		11,102		100		-		89,974
			Pass		354,057		433,397		227,435		230,692		158,209		388,152		3,982		-		1,795,924
		Total commercial multi-family		$	354,057	$	441,923	$	272,061	$	347,661	$	219,031	$	493,558	$	4,082	$	-	$	2,132,373
		Commercial real estate non-owner occupied
			Watch	$	29,864	$	92,474	$	237,487	$	33,610	$	131,175	$	255,359	$	2,187	$	-	$	782,156
			Special Mention		-		30,152		11,759		11,815		1,797		44,609		-		-		100,132
			Substandard		3,423		3,108		28,198		30,525		38,489		106,995		-		-		210,738
			Pass		563,112		734,228		417,191		197,836		128,521		969,256		17,171		-		3,027,315
		Total commercial real estate non-owner occupied		$	596,399	$	859,962	$	694,635	$	273,786	$	299,982	$	1,376,219	$	19,358	$	-	$	4,120,341
		Commercial real estate owner occupied
			Watch	$	2,234	$	10,958	$	11,209	$	10,713	$	17,829	$	142,215	$	4,222	$	-	$	199,380
			Special Mention		-		-		931		7,136		6,535		94,698		-		-		109,300
			Substandard		11,425		4,873		1,306		8,338		37,049		134,923		-		-		197,914
			Doubtful		-		-		-		-		-		603		-		-		603
			Pass		289,952		696,877		293,439		141,951		198,202		722,091		23,852		-		2,366,364
		Total commercial real estate owner occupied		$	303,611	$	712,708	$	306,885	$	168,138	$	259,615	$	1,094,530	$	28,074	$	-	$	2,873,561
		Commercial and industrial
			Watch	$	34,385	$	76,791	$	12,354	$	26,357	$	107,024	$	59,389	$	93,769	$	-	$	410,069
			Special Mention		1,052		3,289		7,166		2,323		25,401		49,976		24,943		-		114,150
			Substandard		20,159		1,599		8,195		7,677		21,594		48,289		51,520		-		159,033
			Doubtful		-		-		-		-		-		83		-		-		83
			Loss		-		253		105		255		110		6		7		-		736
			Pass		457,278		1,010,812		540,600		463,799		229,501		753,800		1,279,165		-		4,734,955
		Total commercial and industrial		$	512,874	$	1,092,744	$	568,420	$	500,411	$	383,630	$	911,543	$	1,449,404	$	-	$	5,419,026

June 30, 2022
			Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
			Amortized Cost Basis by Origination Year
(In thousands)				2022		2021		2020		2019		2018		Prior Years						Total
Popular, Inc.
	Construction
		Watch	$	7,450	$	5,426	$	22,766	$	31,439	$	18,166	$	33,444	$	14,119	$	-	$	132,810
		Special Mention		1,787		-		-		-		-		13,655		-		-		15,442
		Substandard		-		-		-		-		15,892		10,154		-		-		26,046
		Pass		29,968		186,111		221,740		105,152		5,650		43,035		24,966		-		616,622
	Total construction		$	39,205	$	191,537	$	244,506	$	136,591	$	39,708	$	100,288	$	39,085	$	-	$	790,920
	Mortgage
		Substandard	$	-	$	689	$	5,645	$	8,702	$	6,402	$	117,998	$	-	$	-	$	139,436
		Pass		256,854		775,957		543,987		408,809		306,108		4,830,804		-		-		7,122,519
	Total mortgage		$	256,854	$	776,646	$	549,632	$	417,511	$	312,510	$	4,948,802	$	-	$	-	$	7,261,955
	Leasing
		Substandard	$	180	$	937	$	989	$	972	$	831	$	665	$	-	$	-	$	4,574
		Loss		-		-		-		26		-		64		-		-		90
		Pass		372,931		490,928		283,111		181,773		104,791		42,024		-		-		1,475,558
	Total leasing		$	373,111	$	491,865	$	284,100	$	182,771	$	105,622	$	42,753	$	-	$	-	$	1,480,222

June 30, 2022
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2022		2021		2020		2019		2018		Prior Years						Total
Popular, Inc.
	Consumer:
		Credit cards
			Substandard	$	-	$	-	$	-	$	-	$	-	$	-	$	8,879	$	-	$	8,879
			Loss		-		-		-		-		-		-		17		-		17
			Pass		-		-		-		-		-		-		957,850		-		957,850
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	966,746	$	-	$	966,746
		HELOCs
			Substandard	$	-	$	-	$	-	$	-	$	-	$	2,653	$	-	$	813	$	3,466
			Loss		-		-		-		-		-		159		-		1,079		1,238
			Pass		-		-		-		-		-		9,697		43,509		16,667		69,873
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	12,509	$	43,509	$	18,559	$	74,577
		Personal
			Substandard	$	118	$	1,538	$	936	$	2,179	$	880	$	13,362	$	-	$	1,188	$	20,201
			Loss		-		60		-		79		-		34		-		2		175
			Pass		529,176		491,652		152,094		186,634		70,292		140,359		-		31,830		1,602,037
	Total Personal			$	529,294	$	493,250	$	153,030	$	188,892	$	71,172	$	153,755	$	-	$	33,020	$	1,622,413
		Auto
			Substandard	$	399	$	7,125	$	8,748	$	8,895	$	4,727	$	3,005	$	-	$	-	$	32,899
			Loss		-		-		28		91		-		9		-		-		128
			Pass		646,578		1,101,866		697,273		525,778		329,466		155,988		-		-		3,456,949
	Total Auto			$	646,977	$	1,108,991	$	706,049	$	534,764	$	334,193	$	159,002	$	-	$	-	$	3,489,976
		Other consumer
			Substandard	$	-	$	-	$	130	$	-	$	465	$	5	$	11,083	$	-	$	11,683
			Loss		-		-		-		-		443		-		-		-		443
			Pass		17,719		21,774		7,323		7,455		5,042		3,714		63,673		-		126,700
	Total Other consumer			$	17,719	$	21,774	$	7,453	$	7,455	$	5,950	$	3,719	$	74,756	$	-	$	138,826
Total Popular Inc.				$	3,630,101	$	6,191,400	$	3,786,771	$	2,757,980	$	2,031,413	$	9,296,678	$	2,625,014	$	51,579	$	30,370,936

December 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	$	-	$	-	$	-	$	-	$	-	$	4,485	$	-	$	-	$	4,485
			Special mention		-		-		-		-		-		3,025		-		-		3,025
			Substandard		-		-		982		-		-		6,257		100		-		7,339
			Pass		24,936		21,288		34,840		25,311		2,066		31,468		11		-		139,920
		Total commercial multi-family		$	24,936	$	21,288	$	35,822	$	25,311	$	2,066	$	45,235	$	111	$	-	$	154,769
		Commercial real estate non-owner occupied
			Watch	$	100,465	$	228,852	$	25,443	$	137,044	$	2,406	$	205,304	$	3,237	$	-	$	702,751
			Special Mention		18,509		12,563		7,271		-		4,608		24,056		-		-		67,007
			Substandard		30,155		27,790		24,200		25,456		2,770		72,407		-		-		182,778
			Pass		513,087		88,662		88,353		37,999		42,522		557,052		9,712		-		1,337,387
		Total commercial real estate non-owner occupied		$	662,216	$	357,867	$	145,267	$	200,499	$	52,306	$	858,819	$	12,949	$	-	$	2,289,923
		Commercial real estate owner occupied
			Watch	$	8,393	$	8,612	$	8,972	$	6,958	$	3,039	$	121,716	$	-	$	-	$	157,690
			Special Mention		5,573		857		7,598		1,427		2,449		103,472		-		-		121,376
			Substandard		6,960		1,028		1,646		35,529		1,869		113,288		-		-		160,320
			Doubtful		-		-		-		-		76		612		-		-		688
			Pass		238,533		198,442		44,943		23,112		32,585		429,651		16,389		-		983,655
		Total commercial real estate owner occupied		$	259,459	$	208,939	$	63,159	$	67,026	$	40,018	$	768,739	$	16,389	$	-	$	1,423,729

	Commercial and industrial
		Watch	$	186,529	$	12,542	$	21,536	$	103,835	$	14,577	$	90,776	$	108,183	$	-	$	537,978
		Special Mention		7,380		9,936		14,856		28,473		1,012		28,448		60,397		-		150,502
		Substandard		2,190		1,091		3,041		35,826		66,771		45,168		38,003		-		192,090
		Doubtful		-		-		-		-		-		62		-		-		62
		Pass		843,661		335,369		275,357		84,084		72,580		333,869		702,896		-		2,647,816
	Total commercial and industrial		$	1,039,760	$	358,938	$	314,790	$	252,218	$	154,940	$	498,323	$	909,479	$	-	$	3,528,448
Construction
		Substandard	$	-	$	-	$	485	$	-	$	-	$	-	$	-	$	-	$	485
		Pass		21,596		41,622		1,148		-		-		-		22,260		-		86,626
Total construction			$	21,596	$	41,622	$	1,633	$	-	$	-	$	-	$	22,260	$	-	$	87,111
Mortgage
		Substandard	$	-	$	954	$	5,212	$	5,613	$	4,310	$	122,690	$	-	$	-	$	138,779
		Pass		463,742		304,780		223,464		265,239		194,982		4,660,880		-		-		6,113,087
Total mortgage			$	463,742	$	305,734	$	228,676	$	270,852	$	199,292	$	4,783,570	$	-	$	-	$	6,251,866
Leasing
		Substandard	$	124	$	618	$	880	$	613	$	613	$	235	$	-	$	-	$	3,083
		Loss		-		-		-		1		16		2		-		-		19
		Pass		613,452		328,085		222,770		133,112		62,881		17,917		-		-		1,378,217
Total leasing			$	613,576	$	328,703	$	223,650	$	133,726	$	63,510	$	18,154	$	-	$	-	$	1,381,319

December 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	$	-	$	-	$	-	$	-	$	-	$	-	$	8,577	$	-	$	8,577
			Pass		-		-		-		-		-		-		911,274		-		911,274
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	919,851	$	-	$	919,851
		HELOCs
			Substandard	$	-	$	-	$	-	$	-	$	-	$	-	$	23	$	-	$	23
			Pass		-		-		-		-		-		-		3,548		-		3,548
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	-	$	3,571	$	-	$	3,571
		Personal
			Substandard	$	426	$	610	$	2,105	$	866	$	936	$	15,680	$	-	$	1,385	$	22,008
			Loss		30		2		3		-		-		3		-		-		38
			Pass		539,604		197,652		227,328		91,341		53,630		120,065		-		36,394		1,266,014
	Total Personal			$	540,060	$	198,264	$	229,436	$	92,207	$	54,566	$	135,748	$	-	$	37,779	$	1,288,060
		Auto
			Substandard	$	3,080	$	7,520	$	9,498	$	4,739	$	2,210	$	1,422	$	-	$	-	$	28,469
			Loss		42		11		-		-		-		-		-		-		53
			Pass		1,259,800		808,339		637,300		420,293		177,104		80,829		-		-		3,383,665
	Total Auto			$	1,262,922	$	815,870	$	646,798	$	425,032	$	179,314	$	82,251	$	-	$	-	$	3,412,187
		Other consumer
			Substandard	$	-	$	114	$	21	$	487	$	-	$	135	$	11,250	$	-	$	12,007
			Loss		-		-		-		579		-		34		-		-		613
			Pass		24,845		9,781		9,348		5,610		3,914		947		57,483		-		111,928
	Total Other consumer			$	24,845	$	9,895	$	9,369	$	6,676	$	3,914	$	1,116	$	68,733	$	-	$	124,548
Total Puerto Rico				$	4,913,112	$	2,647,120	$	1,898,600	$	1,473,547	$	749,926	$	7,191,955	$	1,953,343	$	37,779	$	20,865,382

December 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	$	8,600	$	41,348	$	56,229	$	20,682	$	37,343	$	48,753	$	-	$	-	$	212,955
			Special mention		-		3,752		9,013		30,244		11,071		28,297		-		-		82,377
			Substandard		-		-		67,149		12,748		-		18,644		-		-		98,541
			Pass		422,613		241,805		201,298		144,534		46,809		352,724		4,205		-		1,413,988
		Total commercial multi-family		$	431,213	$	286,905	$	333,689	$	208,208	$	95,223	$	448,418	$	4,205	$	-	$	1,807,861
		Commercial real estate non-owner occupied
			Watch	$	12,716	$	22,109	$	42,067	$	56,576	$	28,604	$	154,289	$	780	$	-	$	317,141
			Special Mention		2,939		-		3,205		7,025		10,573		15,569		-		-		39,311
			Substandard		-		756		6,405		14,544		11,384		60,323		-		-		93,412
			Pass		543,667		356,071		156,925		211,432		250,516		346,606		8,386		-		1,873,603
		Total commercial real estate non-owner occupied		$	559,322	$	378,936	$	208,602	$	289,577	$	301,077	$	576,787	$	9,166	$	-	$	2,323,467
		Commercial real estate owner occupied
			Watch	$	-	$	239	$	7,825	$	8,150	$	1,676	$	17,132	$	4,222	$	-	$	39,244
			Special Mention		-		-		-		-		-		1,800		-		-		1,800
			Substandard		-		-		1,148		2,878		-		20,841		-		-		24,867
			Pass		129,898		46,737		34,355		23,845		26,236		63,463		3,928		-		328,462
		Total commercial real estate owner occupied		$	129,898	$	46,976	$	43,328	$	34,873	$	27,912	$	103,236	$	8,150	$	-	$	394,373

	Commercial and industrial
		Watch	$	3,747	$	4,667	$	4,292	$	9,273	$	5	$	1,530	$	3,925	$	-	$	27,439
		Special Mention		2,504		7,203		670		481		59		215		8,177		-		19,309
		Substandard		537		97		4,559		495		168		1,890		159		-		7,905
		Loss		262		58		108		17		51		191		-		-		687
		Pass		273,254		339,564		211,695		191,086		115,146		339,336		284,710		-		1,754,791
	Total commercial and industrial		$	280,304	$	351,589	$	221,324	$	201,352	$	115,429	$	343,162	$	296,971	$	-	$	1,810,131
Construction
		Watch	$	-	$	14,300	$	23,547	$	28,757	$	34,205	$	-	$	-	$	-	$	100,809
		Special Mention		-		-		-		-		-		13,622		-		-		13,622
		Substandard		-		-		-		15,438		10,231		-		-		-		25,669
		Pass		130,587		136,045		165,105		13,634		36,500		7,138		-		-		489,009
Total construction			$	130,587	$	150,345	$	188,652	$	57,829	$	80,936	$	20,760	$	-	$	-	$	629,109
Mortgage
		Substandard	$	-	$	4,338	$	3,894	$	967	$	217	$	12,680	$	-	$	-	$	22,096
		Pass		326,641		266,212		215,071		61,986		6,376		276,948		-		-		1,153,234
Total mortgage			$	326,641	$	270,550	$	218,965	$	62,953	$	6,593	$	289,628	$	-	$	-	$	1,175,330

December 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	$	-	$	-	$	-	$	-	$	-	$	-	$	10	$	-	$	10
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	10	$	-	$	10
		HELOCs
			Substandard	$	-	$	-	$	-	$	-	$	-	$	3,006	$	-	$	935	$	3,941
			Loss		-		-		-		-		-		207		-		1,258		1,465
			Pass		-		-		-		-		-		11,423		38,267		20,195		69,885
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	14,636	$	38,267	$	22,388	$	75,291
		Personal
			Substandard	$	72	$	81	$	250	$	73	$	17	$	163	$	2	$	-	$	658
			Loss		-		-		4		-		-		19		-		-		23
			Pass		75,538		19,411		43,346		7,418		2,802		5,625		124		-		154,264
	Total Personal			$	75,610	$	19,492	$	43,600	$	7,491	$	2,819	$	5,807	$	126	$	-	$	154,945
		Other consumer
			Pass	$	-	$	-	$	-	$	-	$	-	$	-	$	4,658	$	-	$	4,658
	Total Other consumer			$	-	$	-	$	-	$	-	$	-	$	-	$	4,658	$	-	$	4,658
Total Popular U.S.				$	1,933,575	$	1,504,793	$	1,258,160	$	862,283	$	629,989	$	1,802,434	$	361,553	$	22,388	$	8,375,175

December 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	$	8,600	$	41,348	$	56,229	$	20,682	$	37,343	$	53,238	$	-	$	-	$	217,440
			Special mention		-		3,752		9,013		30,244		11,071		31,322		-		-		85,402
			Substandard		-		-		68,131		12,748		-		24,901		100		-		105,880
			Pass		447,549		263,093		236,138		169,845		48,875		384,192		4,216		-		1,553,908
		Total commercial multi-family		$	456,149	$	308,193	$	369,511	$	233,519	$	97,289	$	493,653	$	4,316	$	-	$	1,962,630
		Commercial real estate non-owner occupied
			Watch	$	113,181	$	250,961	$	67,510	$	193,620	$	31,010	$	359,593	$	4,017	$	-	$	1,019,892
			Special Mention		21,448		12,563		10,476		7,025		15,181		39,625		-		-		106,318
			Substandard		30,155		28,546		30,605		40,000		14,154		132,730		-		-		276,190
			Pass		1,056,754		444,733		245,278		249,431		293,038		903,658		18,098		-		3,210,990
		Total commercial real estate non-owner occupied		$	1,221,538	$	736,803	$	353,869	$	490,076	$	353,383	$	1,435,606	$	22,115	$	-	$	4,613,390
		Commercial real estate owner occupied
			Watch	$	8,393	$	8,851	$	16,797	$	15,108	$	4,715	$	138,848	$	4,222	$	-	$	196,934
			Special Mention		5,573		857		7,598		1,427		2,449		105,272		-		-		123,176
			Substandard		6,960		1,028		2,794		38,407		1,869		134,129		-		-		185,187
			Doubtful		-		-		-		-		76		612		-		-		688
			Pass		368,431		245,179		79,298		46,957		58,821		493,114		20,317		-		1,312,117
		Total commercial real estate owner occupied		$	389,357	$	255,915	$	106,487	$	101,899	$	67,930	$	871,975	$	24,539	$	-	$	1,818,102
		Commercial and industrial
			Watch	$	190,276	$	17,209	$	25,828	$	113,108	$	14,582	$	92,306	$	112,108	$	-	$	565,417
			Special Mention		9,884		17,139		15,526		28,954		1,071		28,663		68,574		-		169,811
			Substandard		2,727		1,188		7,600		36,321		66,939		47,058		38,162		-		199,995
			Doubtful		-		-		-		-		-		62		-		-		62
			Loss		262		58		108		17		51		191		-		-		687
			Pass		1,116,915		674,933		487,052		275,170		187,726		673,205		987,606		-		4,402,607
		Total commercial and industrial		$	1,320,064	$	710,527	$	536,114	$	453,570	$	270,369	$	841,485	$	1,206,450	$	-	$	5,338,579

December 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	$	-	$	14,300	$	23,547	$	28,757	$	34,205	$	-	$	-	$	-	$	100,809
		Special Mention		-		-		-		-		-		13,622		-		-		13,622
		Substandard		-		-		485		15,438		10,231		-		-		-		26,154
		Pass		152,183		177,667		166,253		13,634		36,500		7,138		22,260		-		575,635
	Total construction		$	152,183	$	191,967	$	190,285	$	57,829	$	80,936	$	20,760	$	22,260	$	-	$	716,220
	Mortgage
		Substandard	$	-	$	5,292	$	9,106	$	6,580	$	4,527	$	135,370	$	-	$	-	$	160,875
		Pass		790,383		570,992		438,535		327,225		201,358		4,937,828		-		-		7,266,321
	Total mortgage		$	790,383	$	576,284	$	447,641	$	333,805	$	205,885	$	5,073,198	$	-	$	-	$	7,427,196
	Leasing
		Substandard	$	124	$	618	$	880	$	613	$	613	$	235	$	-	$	-	$	3,083
		Loss		-		-		-		1		16		2		-		-		19
		Pass		613,452		328,085		222,770		133,112		62,881		17,917		-		-		1,378,217
	Total leasing		$	613,576	$	328,703	$	223,650	$	133,726	$	63,510	$	18,154	$	-	$	-	$	1,381,319

December 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	$	-	$	-	$	-	$	-	$	-	$	-	$	8,577	$	-	$	8,577
			Pass		-		-		-		-		-		-		911,284		-		911,284
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	919,861	$	-	$	919,861
		HELOCs
			Substandard	$	-	$	-	$	-	$	-	$	-	$	3,006	$	23	$	935	$	3,964
			Loss		-		-		-		-		-		207		-		1,258		1,465
			Pass		-		-		-		-		-		11,423		41,815		20,195		73,433
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	14,636	$	41,838	$	22,388	$	78,862
		Personal
			Substandard	$	498	$	691	$	2,355	$	939	$	953	$	15,843	$	2	$	1,385	$	22,666
			Loss		30		2		7		-		-		22		-		-		61
			Pass		615,142		217,063		270,674		98,759		56,432		125,690		124		36,394		1,420,278
	Total Personal			$	615,670	$	217,756	$	273,036	$	99,698	$	57,385	$	141,555	$	126	$	37,779	$	1,443,005
		Auto
			Substandard	$	3,080	$	7,520	$	9,498	$	4,739	$	2,210	$	1,422	$	-	$	-	$	28,469
			Loss		42		11		-		-		-		-		-		-		53
			Pass		1,259,800		808,339		637,300		420,293		177,104		80,829		-		-		3,383,665
	Total Auto			$	1,262,922	$	815,870	$	646,798	$	425,032	$	179,314	$	82,251	$	-	$	-	$	3,412,187
		Other consumer
			Substandard	$	-	$	114	$	21	$	487	$	-	$	135	$	11,250	$	-	$	12,007
			Loss		-		-		-		579		-		34		-		-		613
			Pass		24,845		9,781		9,348		5,610		3,914		947		62,141		-		116,586
	Total Other consumer			$	24,845	$	9,895	$	9,369	$	6,676	$	3,914	$	1,116	$	73,391	$	-	$	129,206
Total Popular Inc.				$	6,846,687	$	4,151,913	$	3,156,760	$	2,335,830	$	1,379,915	$	8,994,389	$	2,314,896	$	60,167	$	29,240,557