Goodwill and other intangible assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure

Components of other intangible assets subject to amortization

The following table reflects the components of other intangible assets subject to amortization:

Gross

Net

Carrying

Accumulated

Carrying

(In thousands)

Amount

Amortization

Value

December 31, 2022

Core deposits

$

12,810

$

10,034

$

2,776

Other customer relationships

14,286

4,878

9,408

Total other intangible assets

$

27,096

$

14,912

$

12,184

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

The following table presents the estimated amortization of the intangible assets with definite useful lives for each of the following

periods:

(In thousands)

Year 2023

$

3,179

Year 2024

2,938

Year 2025

1,750

Year 2026

1,440

Year 2027

959

Later years

1,918

Goodwill and accumulated impairment losses by reportable segments

The changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2021, allocated by reportable

segments, were as follows (refer to Note 37 for the definition of the Corporation’s reportable segments):

2022

Balance at 

Goodwill on

Goodwill

Balance at

(In thousands)

January 1, 2022

 acquisition 

impairment

December 31, 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

2021

Balance at 

Goodwill on

Goodwill

Balance at

(In thousands)

January 1, 2021

 acquisition 

impairment

December 31, 2021

Banco Popular de Puerto Rico

$

320,248

$

-

$

-

$

320,248

Popular U.S.

350,874

49,171

-

400,045

Total Popular, Inc. 

$

671,122

$

49,171

$

-

$

720,293

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

December 31, 2022

Balance at

Balance at

December 31,

Accumulated

December 31,

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