Commitments and contingencies (Tables)

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure

Financial Instruments with Off-Balance Sheet Credit Risk, Whose Contract Amounts Represent Potential Credit Risk

Financial instruments with off-balance sheet credit risk, whose contract amounts represent potential credit risk as of the end of the periods presented were as follows:

(In thousands)		June 30, 2022		December 31, 2021
Commitments to extend credit:
	Credit card lines	$	5,727,176	$	5,382,089
	Commercial and construction lines of credit		3,982,769		3,830,601
	Other consumer unused credit commitments		249,490		250,229
Commercial letters of credit			1,991		3,260
Standby letters of credit			31,437		27,848
Commitments to originate or fund mortgage loans			121,631		95,372

Direct exposure to the Puerto Rico government by maturity

The following table details the loans and investments representing the Corporation’s direct exposure to the Puerto Rico government according to their maturities as of June 30, 2022:

(In thousands)			Investment Portfolio		Loans		Total Outstanding		Total Exposure
Central Government
	After 1 to 5 years	$	15	$	-	$	15	$	15
	After 5 to 10 years		1		-		1		1
	After 10 years		31		-		31		31
Total Central Government			47		-		47		47
Municipalities
	Within 1 year		4,440		31,880		36,320		372,881
	After 1 to 5 years		13,045		67,472		80,517		13,045
	After 5 to 10 years		9,530		170,643		180,173		9,530
	After 10 years		230		55,257		55,487		230
Total Municipalities			27,245		325,252		352,497		395,686
Total Direct Government Exposure		$	27,292	$	325,252	$	352,544	$	395,733