Goodwill and other intangible assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure

Components of other intangible assets subject to amortization

		Gross Carrying			Accumulated		Net Carrying
(In thousands)			Amount		Amortization		Value
September 30, 2022
	Core deposits	$	12,810	$	9,714	$	3,096
	Other customer relationships		14,286		4,404		9,882
Total other intangible assets		$	27,096	$	14,118	$	12,978
December 31, 2021
	Core deposits	$	12,810	$	8,754	$	4,056
	Other customer relationships		14,286		2,883		11,403
Total other intangible assets		$	27,096	$	11,637	$	15,459

Estimated amortization of the intangible assets with definite useful lives

(In thousands)
Remaining 2022	$	794
Year 2023		3,179
Year 2024		2,938
Year 2025		1,750
Year 2026		1,440
Later years		2,877

Goodwill and accumulated impairment losses by reportable segments

The changes in the carrying amount of goodwill for the nine months ended September 30, 2022, allocated by reportable segments, were as follows (refer to Note 33 for the definition of the Corporation’s reportable segments):

2022
	Balance at		Goodwill on		Goodwill		Balance at
(In thousands)	January 1, 2022		acquisition			impairment	September 30,2022
Banco Popular de Puerto Rico	$	320,248	$	116,135	$	-	$	436,383
Popular U.S.		400,045		-		(9,000)		391,045
Total Popular, Inc.	$	720,293	$	116,135	$	(9,000)	$	827,428

The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments.

September 30, 2022
	Balance at				Balance at
	September 30,		Accumulated		September 30,
	2022		impairment		2022
(In thousands)	(gross amounts)		losses		(net amounts)
Banco Popular de Puerto Rico	$	440,184	$	3,801	$	436,383
Popular U.S.		564,456		173,411		391,045
Total Popular, Inc.	$	1,004,640	$	177,212	$	827,428

December 31, 2021
	Balance at				Balance at
	December 31,		Accumulated		December 31,
	2021		impairment		2021
(In thousands)	(gross amounts)		losses		(net amounts)
Banco Popular de Puerto Rico	$	324,049	$	3,801	$	320,248
Popular U.S.		564,456		164,411		400,045
Total Popular, Inc.	$	888,505	$	168,212	$	720,293