XML 40 R24.htm IDEA: XBRL DOCUMENT v3.23.1
Goodwill and other intangible assets
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure  
Goodwill And Other Intangible Assets
Note 14 – Goodwill and other intangible assets
Goodwill
There were
no
 
changes in the carrying amount of goodwill for
 
the quarters ended March 31, 2023 and 2022.
The following tables present the gross amount of
 
goodwill and accumulated impairment losses by
 
reportable segments:
March 31, 2023
Balance at
Balance at
March 31,
Accumulated
March 31,
2023
impairment
 
2023
(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, 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
Other Intangible Assets
The following table reflects the components of
 
other intangible assets subject to amortization:
Gross Carrying
Accumulated
Net
Carrying
(In thousands)
Amount
Amortization
Value
March 31, 2023
Core deposits
$
12,810
$
10,355
$
2,455
Other customer relationships
14,286
5,352
8,934
Total other intangible
 
assets
$
27,096
$
15,707
$
11,389
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
During the
 
quarter ended
 
March 31,
 
2023,
 
the
 
Corporation recognized
 
$
0.8
 
million
 
in
 
amortization expense
 
related to
 
intangible
assets with definite useful lives (March 31, 2022
 
- $
0.9
 
million).
 
The following
 
table presents
 
the estimated
 
amortization of
 
the intangible
 
assets with
 
definite useful
 
lives for
 
each of
 
the following
periods:
(In thousands)
Remaining 2023
$
2,384
Year 2024
2,938
Year 2025
1,750
Year 2026
1,440
Year 2027
959
Later years
1,918