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Goodwill and other intangible assets
6 Months Ended
Jun. 30, 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 and six months ended June 30, 2023 and 2022.
The following tables present the gross amount of
 
goodwill and accumulated impairment losses by
 
reportable segments:
June 30, 2023
Balance at
Balance at
June 30,
Accumulated
June 30,
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
June 30, 2023
Core deposits
$
12,810
$
10,675
$
2,135
Other customer relationships
14,286
5,827
8,459
Total other intangible
 
assets
$
27,096
$
16,502
$
10,594
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 June 30, 2023, the Corporation recognized
 
$
0.8
 
million in amortization expense related to other intangible
assets
 
with
 
definite
 
useful
 
lives
 
(June
 
30,
 
2022
 
-
 
$
0.8
 
million).
 
During
 
the
 
six
 
months
 
ended
 
June
 
30,
 
2023,
 
the
 
Corporation
recognized $
1.6
 
million in amortization related to other intangible
 
assets with definite useful lives (June
 
30, 2022 - $
1.7
 
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
$
1,589
Year 2024
2,938
Year 2025
1,750
Year 2026
1,440
Year 2027
959
Later years
1,918