Fair value of financial instruments - Carrying or notional amounts and estimated fair values for financial instruments (Details) - USD ($) $ in Thousands |
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
Financial Assets: |
|
|
|
Cash and due from banks |
$ 469,501
|
$ 428,433
|
|
Money market investments |
5,614,595
|
17,536,719
|
|
Debt securities available-for-sale |
17,804,374
|
24,968,269
|
|
Debt securities held-to-maturity |
8,518,455
|
71,365
|
|
Equity securities: |
|
|
|
Equity securities, at lower of cost or realizable value |
195,854
|
189,977
|
|
Loans held in portfolio |
31,357,467
|
28,545,191
|
|
Mortgage servicing rights |
128,350
|
121,570
|
$ 118,395
|
Deposits |
|
|
|
Time deposits |
6,781,401
|
6,712,149
|
|
Deposits |
61,227,227
|
67,005,088
|
|
Assets sold under agreements to repurchase |
148,609
|
91,603
|
|
Other short-term borrowings |
365,000
|
75,000
|
|
Notes payable: |
|
|
|
Notes payable |
886,710
|
988,563
|
|
Derivatives |
17,000
|
22,878
|
|
US Treasury Securities |
|
|
|
Financial Assets: |
|
|
|
Debt securities available-for-sale |
11,180,948
|
15,859,030
|
|
Debt securities held-to-maturity |
8,453,467
|
|
|
Obligations of Puerto Rico, States and political subdivisions |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
59,010
|
65,380
|
|
Collateralized Mortgage Obligations - Federal agencies |
|
|
|
Financial Assets: |
|
|
|
Debt securities available-for-sale |
165,196
|
221,265
|
|
Debt securities held-to-maturity |
19
|
25
|
|
Securities in wholly owned statutory business trusts |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
5,959
|
5,960
|
|
Other |
|
|
|
Financial Assets: |
|
|
|
Debt securities available-for-sale |
1,060
|
128
|
|
Carrying amount |
|
|
|
Financial Assets: |
|
|
|
Cash and due from banks |
469,501
|
428,433
|
|
Money market investments |
5,614,595
|
17,536,719
|
|
Trading account debt securities, excluding derivatives |
27,723
|
29,711
|
|
Debt securities available-for-sale |
17,804,374
|
24,968,269
|
|
Debt securities held-to-maturity |
8,518,455
|
71,365
|
|
Equity securities: |
|
|
|
FHLB stock |
65,861
|
59,918
|
|
FRB stock |
96,206
|
96,217
|
|
Other investments |
33,787
|
33,842
|
|
Equity securities, at lower of cost or realizable value |
195,854
|
189,977
|
|
Loans held-for-sale |
5,381
|
59,168
|
|
Loans held in portfolio |
31,357,467
|
28,545,191
|
|
Mortgage servicing rights |
128,350
|
121,570
|
|
Derivatives |
19,229
|
26,093
|
|
Deposits |
|
|
|
Demand deposits |
54,445,825
|
60,292,939
|
|
Time deposits |
6,781,402
|
6,712,149
|
|
Deposits |
61,227,227
|
67,005,088
|
|
Assets sold under agreements to repurchase |
148,609
|
91,603
|
|
Other short-term borrowings |
365,000
|
75,000
|
|
Notes payable: |
|
|
|
FHLB advances |
389,282
|
492,429
|
|
Unsecured senior debt securities |
299,109
|
297,842
|
|
Junior subordinated deferrable interest debentures (related to trust preferred securities) |
198,319
|
198,292
|
|
Notes payable |
886,710
|
988,563
|
|
Derivatives |
17,000
|
22,878
|
|
Contingent consideration |
|
9,241
|
|
Carrying amount | US Treasury Securities |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
8,453,467
|
|
|
Carrying amount | Obligations of Puerto Rico, States and political subdivisions |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
59,010
|
65,380
|
|
Carrying amount | Collateralized Mortgage Obligations - Federal agencies |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
19
|
25
|
|
Carrying amount | Securities in wholly owned statutory business trusts |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
5,959
|
5,960
|
|
Fair Value |
|
|
|
Financial Assets: |
|
|
|
Cash and due from banks |
469,501
|
428,433
|
|
Money market investments |
5,614,595
|
17,536,719
|
|
Trading account debt securities, excluding derivatives |
27,723
|
29,711
|
|
Debt securities available-for-sale |
17,804,374
|
24,968,269
|
|
Debt securities held-to-maturity |
8,440,196
|
83,368
|
|
Equity securities: |
|
|
|
FHLB stock |
65,861
|
59,918
|
|
FRB stock |
96,206
|
96,217
|
|
Other investments |
34,598
|
36,210
|
|
Equity securities, at lower of cost or realizable value |
196,665
|
192,345
|
|
Loans held-for-sale |
5,404
|
59,885
|
|
Loans held in portfolio |
29,366,365
|
27,489,583
|
|
Mortgage servicing rights |
128,350
|
121,570
|
|
Derivatives |
19,229
|
26,093
|
|
Deposits |
|
|
|
Demand deposits |
54,445,825
|
60,292,939
|
|
Time deposits |
6,464,943
|
6,647,301
|
|
Deposits |
60,910,768
|
66,940,240
|
|
Assets sold under agreements to repurchase |
148,566
|
91,602
|
|
Other short-term borrowings |
365,000
|
75,000
|
|
Notes payable: |
|
|
|
FHLB advances |
361,951
|
496,091
|
|
Unsecured senior debt securities |
300,027
|
319,296
|
|
Junior subordinated deferrable interest debentures (related to trust preferred securities) |
173,938
|
201,879
|
|
Notes payable |
835,916
|
1,017,266
|
|
Derivatives |
17,000
|
22,878
|
|
Contingent consideration |
|
9,241
|
|
Fair Value | US Treasury Securities |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
8,372,601
|
|
|
Fair Value | Obligations of Puerto Rico, States and political subdivisions |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
61,617
|
77,383
|
|
Fair Value | Collateralized Mortgage Obligations - Federal agencies |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
19
|
25
|
|
Fair Value | Securities in wholly owned statutory business trusts |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
5,959
|
5,960
|
|
Fair Value | Level 1 |
|
|
|
Financial Assets: |
|
|
|
Cash and due from banks |
469,501
|
428,433
|
|
Money market investments |
5,607,937
|
17,530,640
|
|
Trading account debt securities, excluding derivatives |
13,069
|
6,530
|
|
Debt securities available-for-sale |
1,908,589
|
0
|
|
Debt securities held-to-maturity |
0
|
0
|
|
Equity securities: |
|
|
|
FHLB stock |
0
|
0
|
|
FRB stock |
0
|
0
|
|
Other investments |
0
|
0
|
|
Equity securities, at lower of cost or realizable value |
0
|
0
|
|
Loans held-for-sale |
0
|
0
|
|
Loans held in portfolio |
0
|
0
|
|
Mortgage servicing rights |
0
|
0
|
|
Derivatives |
0
|
0
|
|
Deposits |
|
|
|
Demand deposits |
0
|
0
|
|
Time deposits |
0
|
0
|
|
Deposits |
0
|
0
|
|
Assets sold under agreements to repurchase |
0
|
0
|
|
Other short-term borrowings |
0
|
0
|
|
Notes payable: |
|
|
|
FHLB advances |
0
|
0
|
|
Unsecured senior debt securities |
0
|
0
|
|
Junior subordinated deferrable interest debentures (related to trust preferred securities) |
0
|
0
|
|
Notes payable |
0
|
0
|
|
Derivatives |
0
|
0
|
|
Contingent consideration |
|
0
|
|
Fair Value | Level 1 | US Treasury Securities |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
0
|
|
|
Fair Value | Level 1 | Obligations of Puerto Rico, States and political subdivisions |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
0
|
0
|
|
Fair Value | Level 1 | Collateralized Mortgage Obligations - Federal agencies |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
0
|
0
|
|
Fair Value | Level 1 | Securities in wholly owned statutory business trusts |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
0
|
0
|
|
Fair Value | Level 2 |
|
|
|
Financial Assets: |
|
|
|
Cash and due from banks |
0
|
0
|
|
Money market investments |
6,658
|
6,079
|
|
Trading account debt securities, excluding derivatives |
14,119
|
22,703
|
|
Debt securities available-for-sale |
15,894,074
|
24,967,443
|
|
Debt securities held-to-maturity |
8,378,560
|
5,960
|
|
Equity securities: |
|
|
|
FHLB stock |
65,861
|
59,918
|
|
FRB stock |
96,206
|
96,217
|
|
Other investments |
29,302
|
32,429
|
|
Equity securities, at lower of cost or realizable value |
191,369
|
188,564
|
|
Loans held-for-sale |
0
|
0
|
|
Loans held in portfolio |
0
|
0
|
|
Mortgage servicing rights |
0
|
0
|
|
Derivatives |
19,229
|
26,093
|
|
Deposits |
|
|
|
Demand deposits |
54,445,825
|
60,292,939
|
|
Time deposits |
6,464,943
|
6,647,301
|
|
Deposits |
60,910,768
|
66,940,240
|
|
Assets sold under agreements to repurchase |
148,566
|
91,602
|
|
Other short-term borrowings |
365,000
|
75,000
|
|
Notes payable: |
|
|
|
FHLB advances |
361,951
|
496,091
|
|
Unsecured senior debt securities |
300,027
|
319,296
|
|
Junior subordinated deferrable interest debentures (related to trust preferred securities) |
173,938
|
201,879
|
|
Notes payable |
835,916
|
1,017,266
|
|
Derivatives |
17,000
|
22,878
|
|
Contingent consideration |
|
0
|
|
Fair Value | Level 2 | US Treasury Securities |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
8,372,601
|
|
|
Fair Value | Level 2 | Obligations of Puerto Rico, States and political subdivisions |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
0
|
0
|
|
Fair Value | Level 2 | Collateralized Mortgage Obligations - Federal agencies |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
0
|
0
|
|
Fair Value | Level 2 | Securities in wholly owned statutory business trusts |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
5,959
|
5,960
|
|
Fair Value | Level 3 |
|
|
|
Financial Assets: |
|
|
|
Cash and due from banks |
0
|
0
|
|
Money market investments |
0
|
0
|
|
Trading account debt securities, excluding derivatives |
535
|
478
|
|
Debt securities available-for-sale |
1,711
|
826
|
|
Debt securities held-to-maturity |
61,636
|
77,408
|
|
Equity securities: |
|
|
|
FHLB stock |
0
|
0
|
|
FRB stock |
0
|
0
|
|
Other investments |
4,966
|
3,704
|
|
Equity securities, at lower of cost or realizable value |
4,966
|
3,704
|
|
Loans held-for-sale |
5,404
|
59,885
|
|
Loans held in portfolio |
29,366,365
|
27,489,583
|
|
Mortgage servicing rights |
128,350
|
121,570
|
|
Derivatives |
0
|
0
|
|
Deposits |
|
|
|
Demand deposits |
0
|
0
|
|
Time deposits |
0
|
0
|
|
Deposits |
0
|
0
|
|
Assets sold under agreements to repurchase |
0
|
0
|
|
Other short-term borrowings |
0
|
0
|
|
Notes payable: |
|
|
|
FHLB advances |
0
|
0
|
|
Unsecured senior debt securities |
0
|
0
|
|
Junior subordinated deferrable interest debentures (related to trust preferred securities) |
0
|
0
|
|
Notes payable |
0
|
0
|
|
Derivatives |
0
|
0
|
|
Contingent consideration |
|
9,241
|
|
Fair Value | Level 3 | US Treasury Securities |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
0
|
|
|
Fair Value | Level 3 | Obligations of Puerto Rico, States and political subdivisions |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
61,617
|
77,383
|
|
Fair Value | Level 3 | Collateralized Mortgage Obligations - Federal agencies |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
19
|
25
|
|
Fair Value | Level 3 | Securities in wholly owned statutory business trusts |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
0
|
0
|
|
Fair Value | NAV |
|
|
|
Financial Assets: |
|
|
|
Cash and due from banks |
0
|
0
|
|
Money market investments |
0
|
0
|
|
Trading account debt securities, excluding derivatives |
0
|
0
|
|
Debt securities available-for-sale |
0
|
0
|
|
Debt securities held-to-maturity |
0
|
0
|
|
Equity securities: |
|
|
|
FHLB stock |
0
|
0
|
|
FRB stock |
0
|
0
|
|
Other investments |
330
|
77
|
|
Equity securities, at lower of cost or realizable value |
330
|
77
|
|
Loans held-for-sale |
0
|
0
|
|
Loans held in portfolio |
0
|
0
|
|
Mortgage servicing rights |
0
|
0
|
|
Derivatives |
0
|
0
|
|
Deposits |
|
|
|
Demand deposits |
0
|
0
|
|
Time deposits |
0
|
0
|
|
Deposits |
0
|
0
|
|
Assets sold under agreements to repurchase |
0
|
0
|
|
Other short-term borrowings |
0
|
0
|
|
Notes payable: |
|
|
|
FHLB advances |
0
|
0
|
|
Unsecured senior debt securities |
0
|
0
|
|
Junior subordinated deferrable interest debentures (related to trust preferred securities) |
0
|
0
|
|
Notes payable |
0
|
0
|
|
Derivatives |
0
|
0
|
|
Contingent consideration |
|
0
|
|
Fair Value | NAV | US Treasury Securities |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
0
|
|
|
Fair Value | NAV | Obligations of Puerto Rico, States and political subdivisions |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
0
|
0
|
|
Fair Value | NAV | Collateralized Mortgage Obligations - Federal agencies |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
0
|
0
|
|
Fair Value | NAV | Securities in wholly owned statutory business trusts |
|
|
|
Financial Assets: |
|
|
|
Debt securities held-to-maturity |
$ 0
|
$ 0
|
|