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

12 Months Ended

Dec. 31, 2022

Allowance for credit losses on financing receivables

For the year ended December 31, 2022

BPPR

(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)

11,475

526

(37,600)

6,832

88,311

69,544

Initial allowance for credit losses - PCD Loans

-

-

915

-

-

915

Charge-offs

(7,238)

-

(5,105)

(7,107)

(106,752)

(126,202)

Recoveries

18,130

811

20,848

3,315

34,022

77,126

Ending balance - loans

$

174,295

$

2,978

$

117,344

$

20,618

$

300,310

$

615,545

Allowance for credit losses - unfunded commitments:

Beginning balance

$

1,751

$

2,388

$

-

$

-

$

-

$

4,139

Provision for credit losses (benefit)

2,585

(366)

-

-

-

2,219

Ending balance - unfunded commitments [1]

$

4,336

$

2,022

$

-

$

-

$

-

$

6,358

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the year ended December 31, 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)

4,597

(4,586)

1,706

12,046

13,763

Charge-offs

(10,012)

-

(68)

(8,036)

(18,116)

Recoveries

2,619

1,132

80

4,075

7,906

Ending balance - loans

$

61,081

$

1,268

$

17,910

$

24,498

$

104,757

Allowance for credit losses - unfunded commitments:

Beginning balance

$

1,384

$

2,337

$

-

$

37

$

3,758

Provision for credit losses (benefit)

(209)

(1,153)

-

51

(1,311)

Ending balance - unfunded commitments [1]

$

1,175

$

1,184

$

-

$

88

$

2,447

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the year ended December 31, 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)

16,072

(4,060)

(35,894)

6,832

100,357

83,307

Initial allowance for credit losses - PCD Loans

-

-

915

-

-

915

Charge-offs

(17,250)

-

(5,173)

(7,107)

(114,788)

(144,318)

Recoveries

20,749

1,943

20,928

3,315

38,097

85,032

Ending balance - loans

$

235,376

$

4,246

$

135,254

$

20,618

$

324,808

$

720,302

Allowance for credit losses - unfunded commitments:

Beginning balance

$

3,135

$

4,725

$

-

$

-

$

37

$

7,897

Provision for credit losses (benefit)

2,376

(1,519)

-

-

51

908

Ending balance - unfunded commitments [1]

$

5,511

$

3,206

$

-

$

-

$

88

$

8,805

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the year ended December 31, 2021

BPPR

(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)

(91,695)

(1,533)

(57,684)

2,094

19,800

(129,018)

Initial allowance for credit losses - PCD Loans

-

-

3,142

-

-

3,142

Charge-offs

(17,180)

(6,620)

(17,656)

(4,637)

(78,047)

(124,140)

Recoveries

35,480

4,923

14,927

3,258

45,840

104,428

Ending balance - loans

$

151,928

$

1,641

$

138,286

$

17,578

$

284,729

$

594,162

Allowance for credit losses - unfunded commitments:

Beginning balance

$

4,913

$

4,610

$

-

$

-

$

-

$

9,523

Provision for credit losses (benefit)

(3,162)

(2,222)

-

-

-

(5,384)

Ending balance - unfunded commitments [1]

$

1,751

$

2,388

$

-

$

-

$

-

$

4,139

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the year ended December 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

Provision for credit losses (benefit)

(45,427)

(4,764)

(3,949)

(187)

(54,327)

Charge-offs

(1,177)

(523)

(605)

(8,732)

(11,037)

Recoveries

2,424

643

587

6,414

10,068

Ending balance - loans

$

63,877

$

4,722

$

16,192

$

16,413

$

101,204

Allowance for credit losses - unfunded commitments:

Beginning balance

$

1,753

$

4,469

$

-

$

106

$

6,328

Provision for credit losses (benefit)

(369)

(2,132)

-

(69)

(2,570)

Ending balance - unfunded commitments [1]

$

1,384

$

2,337

$

-

$

37

$

3,758

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the year ended December 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 for credit losses (benefit)

(137,122)

(6,297)

(61,633)

2,094

19,613

(183,345)

Initial allowance for credit losses - PCD Loans

-

-

3,142

-

-

3,142

Charge-offs

(18,357)

(7,143)

(18,261)

(4,637)

(86,779)

(135,177)

Recoveries

37,904

5,566

15,514

3,258

52,254

114,496

Ending balance - loans

$

215,805

$

6,363

$

154,478

$

17,578

$

301,142

$

695,366

Allowance for credit losses - unfunded commitments:

Beginning balance

$

6,666

$

9,079

$

-

$

-

$

106

$

15,851

Provision for credit losses (benefit)

(3,531)

(4,354)

-

-

(69)

(7,954)

Ending balance - unfunded commitments [1]

$

3,135

$

4,725

$

-

$

-

$

37

$

7,897

[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

December 31, 2022

 December 31, 2021

(In thousands)

Accruing

Non-

Accruing

Total

Related

Allowance

Accruing

Non-

Accruing

Total

Related

Allowance

Loans held-in-portfolio:

 Commercial

$

269,784

$

54,641

$

324,425

$

18,451

$

261,344

$

64,744

$

326,088

$

24,736

 Mortgage

[1]

1,169,976

86,790

1,256,766

58,819

1,143,204

112,509

1,255,713

61,888

 Leasing

1,154

24

1,178

43

325

47

372

42

 Consumer

54,395

7,883

62,278

13,577

64,093

10,556

74,649

16,124

Loans held-in-portfolio

$

1,495,309

$

149,338

$

1,644,647

$

90,890

$

1,468,966

$

187,856

$

1,656,822

$

102,790

[1] At December 31, 2022, accruing mortgage loan TDRs include $

725

 million guaranteed by U.S. sponsored entities at BPPR, compared to $

716

million at December 31, 2021.

Troubled Debt Restructurings Loan Count By Type Of Modification

For the year ended December 31, 2022

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

-

2

2

4

Commercial real estate owner occupied

3

10

1

14

Commercial and industrial

4

9

1

16

Mortgage

7

217

881

5

Leasing

-

2

1

34

Consumer:

 Credit cards

48

-

-

48

 HELOCs

-

-

1

-

 Personal

111

111

3

40

 Auto

-

1

-

129

 Other

1

-

-

-

Total

174

352

890

290

For the year ended December 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

1

-

Commercial real estate non-owner occupied

-

11

1

-

Commercial real estate owner occupied

4

23

4

12

Commercial and industrial

5

13

-

21

Mortgage

39

140

1,590

5

Leasing

-

-

2

-

Consumer:

 Credit cards

134

-

1

43

 HELOCs

-

1

1

-

 Personal

183

117

1

2

 Auto

-

7

3

-

 Other

7

-

-

1

Total

372

313

1,604

84

Troubled Debt Restructurings on Financing Receivables

Popular, Inc. 

For the year ended December 31, 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

8

$

6,530

$

6,527

$

60

Commercial real estate owner occupied

28

19,192

19,165

(2,078)

Commercial and industrial

30

51,139

50,929

2,120

Mortgage

1,110

128,581

125,875

4,447

Leasing

37

1,181

1,180

13

Consumer:

 Credit cards

96

866

898

10

 HELOCs

1

245

236

67

 Personal

265

3,581

3,479

671

 Auto

130

1,631

1,631

5

 Other

1

8

8

1

Total

1,706

$

212,954

$

209,928

$

5,316

Popular, Inc. 

For the year ended December 31, 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

12

3,612

3,604

177

Commercial real estate owner occupied

43

95,354

90,096

1,577

Commercial and industrial

39

6,573

5,719

745

Mortgage

1,774

213,661

214,367

6,632

Leasing

2

40

38

5

Consumer:

 Credit cards

178

2,223

2,136

42

 HELOCs

2

176

228

54

 Personal

303

4,222

4,217

899

 Auto

10

199

206

65

 Other

8

305

303

124

Total

2,373

$

326,611

$

321,125

$

10,346

T D R Loans Subsequent Default

Defaulted during the year ended December 31, 2022

(Dollars in thousands)

Loan count

Recorded investment as of first default date

Commercial real estate owner occupied

2

$

620

Commercial and industrial

7

6,639

Mortgage

75

9,391

Leasing

1

5

Consumer:

 Credit cards

29

249

 Personal

49

918

Total

163

$

17,822

Defaulted during the year ended December 31, 2021

(Dollars in thousands)

Loan count

Recorded investment as of first default date

Commercial real estate non-owner occupied

4

$

8,421

Commercial real estate owner occupied

4

4,500

Commercial and industrial

5

317

Mortgage

104

10,543

Consumer:

 Credit cards

81

979

 Personal

27

723

Total

225

$

25,483

Financing Receivable Credit Quality Indicators

December 31, 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

BPPR

Commercial:

Commercial multi-family

Watch

$

-

$

-

$

-

$

18,508

$

-

$

4,687

$

-

$

-

$

23,195

Special mention

-

-

-

-

-

2,692

-

-

2,692

Substandard

-

-

-

-

-

3,326

100

-

3,426

Pass

137,411

22,850

20,821

16,145

24,640

30,193

-

-

252,060

Total commercial

multi-family

$

137,411

$

22,850

$

20,821

$

34,653

$

24,640

$

40,898

$

100

$

-

$

281,373

Commercial real estate non-owner occupied

Watch

$

173

$

36,228

$

14,045

$

14,942

$

7,777

$

99,269

$

-

$

-

$

172,434

Special Mention

-

4,361

19,970

7,517

-

25,540

-

-

57,388

Substandard

8,933

-

3,209

19,004

25,490

21,064

-

-

77,700

Pass

855,839

585,690

294,086

94,056

35,105

568,893

16,136

-

2,449,805

Total commercial

real estate non-

owner occupied

$

864,945

$

626,279

$

331,310

$

135,519

$

68,372

$

714,766

$

16,136

$

-

$

2,757,327

Commercial real estate owner occupied

Watch

$

2,296

$

5,271

$

9,447

$

4,275

$

31,649

$

71,568

$

-

$

-

$

124,506

Special Mention

10

284

1,684

6,578

1,076

61,460

-

-

71,092

Substandard

16,205

6,177

802

800

770

84,205

-

-

108,959

Doubtful

-

-

-

-

-

505

-

-

505

Pass

227,404

258,473

274,333

30,691

68,029

407,322

16,742

-

1,282,994

Total commercial

real estate owner

occupied

$

245,915

$

270,205

$

286,266

$

42,344

$

101,524

$

625,060

$

16,742

$

-

$

1,588,056

Commercial and industrial

Watch

$

32,376

$

2,185

$

15,493

$

18,829

$

15,483

$

51,602

$

56,508

$

-

$

192,476

Special Mention

2,537

2,479

5,770

1,139

6,767

46,040

6,283

-

71,015

Substandard

789

1,276

1,600

3,138

11,536

40,636

46,226

-

105,201

Doubtful

-

-

29

-

75

75

-

-

179

Loss

-

-

-

-

-

-

144

-

144

Pass

793,662

684,647

211,013

177,265

65,197

292,173

1,203,536

-

3,427,493

Total commercial

and industrial

$

829,364

$

690,587

$

233,905

$

200,371

$

99,058

$

430,526

$

1,312,697

$

-

$

3,796,508

Construction

Watch

$

35,446

$

3,116

$

98

$

-

$

-

$

-

$

141

$

-

$

38,801

Substandard

-

-

9,629

-

-

-

$

-

-

9,629

Pass

13,044

34,387

15,961

2,262

-

-

32,957

-

98,611

Total construction

$

48,490

$

37,503

$

25,688

$

2,262

$

-

$

-

$

33,098

$

-

$

147,041

Mortgage

Substandard

$

-

$

574

$

687

$

3,926

$

4,227

$

93,959

$

-

$

-

$

103,373

Pass

449,286

451,027

285,026

204,170

237,007

4,380,390

-

-

6,006,906

Total mortgage

$

449,286

$

451,601

$

285,713

$

208,096

$

241,234

$

4,474,349

$

-

$

-

$

6,110,279

Leasing

Substandard

$

953

$

1,491

$

941

$

1,172

$

1,127

$

215

$

-

$

-

$

5,899

Loss

-

-

-

21

-

21

-

-

42

Pass

672,294

428,889

237,939

146,231

79,451

14,994

-

-

1,579,798

Total leasing

$

673,247

$

430,380

$

238,880

$

147,424

$

80,578

$

15,230

$

-

$

-

$

1,585,739

December 31, 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

BPPR

Consumer:

Credit cards

Substandard

$

-

$

-

$

-

$

-

$

-

$

-

$

11,907

$

-

$

11,907

Loss

-

-

-

-

-

-

3

-

3

Pass

-

-

-

-

-

-

1,029,921

-

1,029,921

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

1,041,831

$

-

$

1,041,831

HELOCs

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

2,954

$

-

$

2,954

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

-

$

2,954

$

-

$

2,954

Personal

Substandard

$

1,330

$

2,001

$

764

$

1,774

$

503

$

10,831

$

-

$

1,285

$

18,488

Loss

-

-

53

20

31

10

-

1

115

Pass

841,564

320,809

103,337

117,568

46,555

109,543

-

27,708

1,567,084

Total Personal

$

842,894

$

322,810

$

104,154

$

119,362

$

47,089

$

120,384

$

-

$

28,994

$

1,585,687

Auto

Substandard

$

6,764

$

11,171

$

10,466

$

10,243

$

4,597

$

2,382

$

-

$

-

$

45,623

Loss

23

41

48

25

7

14

-

-

158

Pass

1,156,654

961,571

588,200

426,169

248,328

85,827

-

-

3,466,749

Total Auto

$

1,163,441

$

972,783

$

598,714

$

436,437

$

252,932

$

88,223

$

-

$

-

$

3,512,530

Other consumer

Substandard

$

-

$

-

$

100

$

593

$

543

$

242

$

10,902

$

-

$

12,380

Loss

-

-

-

-

263

40

-

-

303

Pass

29,557

17,439

6,967

4,201

4,553

1,942

60,238

-

124,897

Total Other

consumer

$

29,557

$

17,439

$

7,067

$

4,794

$

5,359

$

2,224

$

71,140

$

-

$

137,580

Total Puerto Rico

$

5,284,550

$

3,842,437

$

2,132,518

$

1,331,262

$

920,786

$

6,511,660

$

2,494,698

$

28,994

$

22,546,905

December 31, 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

$

750

$

917

$

6,218

$

85,579

$

9,633

$

52,835

$

-

$

-

$

155,932

Special mention

-

-

1,198

-

14,491

8,372

-

-

24,061

Substandard

-

-

-

9,305

7,373

2,941

-

-

19,619

Pass

503,010

399,397

238,903

210,295

138,723

347,615

2,785

-

1,840,728

Total commercial

multi-family

$

503,760

$

400,314

$

246,319

$

305,179

$

170,220

$

411,763

$

2,785

$

-

$

2,040,340

Commercial real estate non-owner occupied

Watch

$

-

$

2,167

$

13,622

$

3,355

$

26,931

$

29,849

$

-

$

-

$

75,924

Special Mention

-

-

-

1,353

-

75,269

-

-

76,622

Substandard

-

2,864

2,149

3,220

1,429

4,722

-

-

14,384

Pass

552,258

209,338

211,449

109,781

100,065

383,409

9,113

-

1,575,413

Total commercial

real estate non-

owner occupied

$

552,258

$

214,369

$

227,220

$

117,709

$

128,425

$

493,249

$

9,113

$

-

$

1,742,343

Commercial real estate owner occupied

Watch

$

-

$

-

$

1,197

$

1,079

$

6,095

$

55,005

$

-

$

-

$

63,376

Special Mention

-

-

3,886

-

-

901

-

-

4,787

Substandard

-

-

-

7,403

11,165

33,586

-

-

52,154

Pass

363,655

422,959

114,988

82,971

119,565

258,881

7,157

-

1,370,176

Total commercial

real estate owner

occupied

$

363,655

$

422,959

$

120,071

$

91,453

$

136,825

$

348,373

$

7,157

$

-

$

1,490,493

Commercial and industrial

Watch

$

12,328

$

2,218

$

2,022

$

2,049

$

8,438

$

532

$

4,291

$

-

$

31,878

Special Mention

1,262

1,130

314

244

60

-

3

-

3,013

Substandard

260

935

74

4,278

315

1,829

1,408

-

9,099

Loss

292

525

1

75

192

3

-

-

1,088

Pass

185,318

341,855

368,398

202,301

171,528

376,045

352,169

-

1,997,614

Total commercial

and industrial

$

199,460

$

346,663

$

370,809

$

208,947

$

180,533

$

378,409

$

357,871

$

-

$

2,042,692

Construction

Watch

$

-

$

12,085

$

-

$

6,979

$

18,310

$

34,126

$

-

$

-

$

71,500

Special Mention

-

3

-

-

-

-

-

-

3

Substandard

-

-

1,423

-

6,540

2,095

-

-

10,058

Pass

164,272

146,062

91,486

93,118

10,863

23,581

-

-

529,382

Total construction

$

164,272

$

158,150

$

92,909

$

100,097

$

35,713

$

59,802

$

-

$

-

$

610,943

Mortgage

Substandard

$

-

$

2,009

$

3,478

$

4,048

$

1,156

$

9,798

$

-

$

-

$

20,489

Pass

236,595

303,204

243,468

183,846

58,026

241,564

-

-

1,266,703

Total mortgage

$

236,595

$

305,213

$

246,946

$

187,894

$

59,182

$

251,362

$

-

$

-

$

1,287,192

December 31, 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

$

-

$

-

$

-

$

-

$

-

$

-

$

39

$

-

$

39

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

39

$

-

$

39

HELOCs

Substandard

$

-

$

-

$

-

$

-

$

-

$

2,146

$

20

$

1,402

$

3,568

Loss

-

-

-

-

-

4

-

538

542

Pass

-

-

-

-

-

9,169

41,724

13,959

64,852

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

11,319

$

41,744

$

15,899

$

68,962

Personal

Substandard

$

621

$

454

$

149

$

238

$

70

$

6

$

-

$

-

$

1,538

Loss

-

-

-

-

-

421

-

-

421

Pass

165,153

46,320

7,339

13,443

2,021

1,657

-

-

235,933

Total Personal

$

165,774

$

46,774

$

7,488

$

13,681

$

2,091

$

2,084

$

-

$

-

$

237,892

Other consumer

Substandard

$

-

$

-

$

-

$

-

$

-

$

-

$

8

$

-

$

8

Pass

-

-

-

-

-

-

9,960

-

9,960

Total Other

consumer

$

-

$

-

$

-

$

-

$

-

$

-

$

9,968

$

-

$

9,968

Total Popular U.S.

$

2,185,774

$

1,894,442

$

1,311,762

$

1,024,960

$

712,989

$

1,956,361

$

428,677

$

15,899

$

9,530,864

December 31, 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

$

750

$

917

$

6,218

$

104,087

$

9,633

$

57,522

$

-

$

-

$

179,127

Special mention

-

-

1,198

-

14,491

11,064

-

-

26,753

Substandard

-

-

-

9,305

7,373

6,267

100

-

23,045

Pass

640,421

422,247

259,724

226,440

163,363

377,808

2,785

-

2,092,788

Total commercial

multi-family

$

641,171

$

423,164

$

267,140

$

339,832

$

194,860

$

452,661

$

2,885

$

-

$

2,321,713

Commercial real estate non-owner occupied

Watch

$

173

$

38,395

$

27,667

$

18,297

$

34,708

$

129,118

$

-

$

-

$

248,358

Special Mention

-

4,361

19,970

8,870

-

100,809

-

-

134,010

Substandard

8,933

2,864

5,358

22,224

26,919

25,786

-

-

92,084

Pass

1,408,097

795,028

505,535

203,837

135,170

952,302

25,249

-

4,025,218

Total commercial

real estate non-

owner occupied

$

1,417,203

$

840,648

$

558,530

$

253,228

$

196,797

$

1,208,015

$

25,249

$

-

$

4,499,670

Commercial real estate owner occupied

Watch

$

2,296

$

5,271

$

10,644

$

5,354

$

37,744

$

126,573

$

-

$

-

$

187,882

Special Mention

10

284

5,570

6,578

1,076

62,361

-

-

75,879

Substandard

16,205

6,177

802

8,203

11,935

117,791

-

-

161,113

Doubtful

-

-

-

-

-

505

-

-

505

Pass

591,059

681,432

389,321

113,662

187,594

666,203

23,899

-

2,653,170

Total commercial

real estate owner

occupied

$

609,570

$

693,164

$

406,337

$

133,797

$

238,349

$

973,433

$

23,899

$

-

$

3,078,549

Commercial and industrial

Watch

$

44,704

$

4,403

$

17,515

$

20,878

$

23,921

$

52,134

$

60,799

$

-

$

224,354

Special Mention

3,799

3,609

6,084

1,383

6,827

46,040

6,286

-

74,028

Substandard

1,049

2,211

1,674

7,416

11,851

42,465

47,634

-

114,300

Doubtful

-

-

29

-

75

75

-

-

179

Loss

292

525

1

75

192

3

144

-

1,232

Pass

978,980

1,026,502

579,411

379,566

236,725

668,218

1,555,705

-

5,425,107

Total commercial

and industrial

$

1,028,824

$

1,037,250

$

604,714

$

409,318

$

279,591

$

808,935

$

1,670,568

$

-

$

5,839,200

December 31, 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

$

35,446

$

15,201

$

98

$

6,979

$

18,310

$

34,126

$

141

$

-

$

110,301

Special Mention

-

3

-

-

-

-

-

-

3

Substandard

-

-

11,052

-

6,540

2,095

-

-

19,687

Pass

177,316

180,449

107,447

95,380

10,863

23,581

32,957

-

627,993

Total construction

$

212,762

$

195,653

$

118,597

$

102,359

$

35,713

$

59,802

$

33,098

$

-

$

757,984

Mortgage

Substandard

$

-

$

2,583

$

4,165

$

7,974

$

5,383

$

103,757

$

-

$

-

$

123,862

Pass

685,881

754,231

528,494

388,016

295,033

4,621,954

-

-

7,273,609

Total mortgage

$

685,881

$

756,814

$

532,659

$

395,990

$

300,416

$

4,725,711

$

-

$

-

$

7,397,471

Leasing

Substandard

$

953

$

1,491

$

941

$

1,172

$

1,127

$

215

$

-

$

-

$

5,899

Loss

-

-

-

21

-

21

-

-

42

Pass

672,294

428,889

237,939

146,231

79,451

14,994

-

-

1,579,798

Total leasing

$

673,247

$

430,380

$

238,880

$

147,424

$

80,578

$

15,230

$

-

$

-

$

1,585,739

December 31, 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

$

-

$

-

$

-

$

-

$

-

$

-

$

11,907

$

-

$

11,907

Loss

-

-

-

-

-

-

3

-

3

Pass

-

-

-

-

-

-

1,029,960

-

1,029,960

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

1,041,870

$

-

$

1,041,870

HELOCs

Substandard

$

-

$

-

$

-

$

-

$

-

$

2,146

$

20

$

1,402

$

3,568

Loss

-

-

-

-

-

4

-

538

542

Pass

-

-

-

-

-

9,169

44,678

13,959

67,806

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

11,319

$

44,698

$

15,899

$

71,916

Personal

Substandard

$

1,951

$

2,455

$

913

$

2,012

$

573

$

10,837

$

-

$

1,285

$

20,026

Loss

-

-

53

20

31

431

-

1

536

Pass

1,006,717

367,129

110,676

131,011

48,576

111,200

-

27,708

1,803,017

Total Personal

$

1,008,668

$

369,584

$

111,642

$

133,043

$

49,180

$

122,468

$

-

$

28,994

$

1,823,579

Auto

Substandard

$

6,764

$

11,171

$

10,466

$

10,243

$

4,597

$

2,382

$

-

$

-

$

45,623

Loss

23

41

48

25

7

14

-

-

158

Pass

1,156,654

961,571

588,200

426,169

248,328

85,827

-

-

3,466,749

Total Auto

$

1,163,441

$

972,783

$

598,714

$

436,437

$

252,932

$

88,223

$

-

$

-

$

3,512,530

Other consumer

Substandard

$

-

$

-

$

100

$

593

$

543

$

242

$

10,910

$

-

$

12,388

Loss

-

-

-

-

263

40

-

-

303

Pass

29,557

17,439

6,967

4,201

4,553

1,942

70,198

-

134,857

Total Other

consumer

$

29,557

$

17,439

$

7,067

$

4,794

$

5,359

$

2,224

$

81,108

$

-

$

147,548

Total Popular Inc.

$

7,470,324

$

5,736,879

$

3,444,280

$

2,356,222

$

1,633,775

$

8,468,021

$

2,923,375

$

44,893

$

32,077,769

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

BPPR

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

BPPR

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