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Allowance for credit losses - loans held-in-portfolio (Tables)
 9 Months Ended
Sep. 30, 2023
Allowance for credit losses on financing receivables
The following tables present the changes in
 
the ACL of loans held-in-portfolio and
 
unfunded commitments for the quarters and nine
months ended September 30, 2023 and 2022.
For the quarter ended September 30, 2023
BPPR
Provision for
Allowance for
Beginning
credit losses
credit losses -
Ending
(In thousands)
Balance
(benefit)
PCD Loans
Charge-offs
Recoveries
Balances
Allowance for credit losses - loans:
Commercial
Commercial multi-family
$
4,787
$
(1,306)
$
-
$
-
$
-
$
3,481
Commercial real estate non-owner occupied
53,366
(326)
-
(27)
195
53,208
Commercial real estate owner occupied
41,901
(242)
-
(446)
280
41,493
Commercial and industrial
81,637
(4,605)
-
(2,311)
12,858
87,579
Total Commercial
181,691
(6,479)
-
(2,784)
13,333
185,761
Construction
9,554
(1,486)
-
(2,611)
-
5,457
Mortgage
82,899
(6,808)
9
(62)
3,862
79,900
Leasing
13,927
(2,287)
-
(2,292)
850
10,198
Consumer
 
Credit cards
71,408
9,773
-
(10,865)
2,234
72,550
 
Home equity lines of credit
96
(39)
-
(43)
73
87
 
Personal
96,046
28,964
-
(19,260)
1,957
107,707
 
Auto
134,247
30,880
-
(14,553)
4,862
155,436
 
Other
6,240
1,499
-
(494)
193
7,438
Total Consumer
308,037
71,077
-
(45,215)
9,319
343,218
Total - Loans
$
596,108
$
54,017
$
9
$
(52,964)
$
27,364
$
624,534
Allowance for credit losses - unfunded commitments:
Commercial
$
5,288
$
(400)
$
-
$
-
$
-
$
4,888
Construction
3,110
(1,768)
-
-
-
1,342
Ending balance - unfunded commitments [1]
$
8,398
$
(2,168)
$
-
$
-
$
-
$
6,230
[
1
]
[1] Allowance for credit losses of unfunded commitments
 
is presented as part of Other Liabilities in the Consolidated
 
Statements of Financial Condition.
For the quarter ended September 30, 2023
Popular U.S.
Provision for
 
Beginning
credit losses -
Ending
(In thousands)
Balance
(benefit)
Charge-offs
Recoveries
Balance
Allowance for credit losses - loans:
Commercial
Commercial multi-family
$
21,392
$
(9,651)
$
-
$
1
$
11,742
Commercial real estate non-owner occupied
18,350
(4,475)
-
66
13,941
Commercial real estate owner occupied
9,506
(1,688)
(1,218)
16
6,616
Commercial and industrial
18,014
(1,109)
(1,228)
329
16,006
Total Commercial
67,262
(16,923)
(2,446)
412
48,305
Construction
1,778
3,736
-
-
5,514
Mortgage
13,194
(1,252)
-
62
12,004
Consumer
 
Home equity lines of credit
2,074
238
(224)
212
2,300
 
Personal
19,782
3,659
(5,636)
604
18,409
 
Other
2
39
(43)
4
2
Total Consumer
21,858
3,936
(5,903)
820
20,711
Total - Loans
$
104,092
$
(10,503)
$
(8,349)
$
1,294
$
86,534
Allowance for credit losses - unfunded commitments:
Commercial
$
1,348
$
197
$
-
$
-
$
1,545
Construction
1,797
3,658
-
-
5,455
Consumer
50
4
-
-
54
Ending balance - unfunded commitments [1]
$
3,195
$
3,859
$
-
$
-
$
7,054
[1]
Allowance for credit losses of unfunded commitments is
 
presented as part of Other Liabilities in the Consolidated
 
Statements of Financial Condition.
For the quarter ended September 30, 2023
Popular Inc.
Provision for
Allowance
for
Beginning
credit losses
credit losses -
Ending
(In thousands)
Balance
(benefit)
PCD Loans
Charge-offs
Recoveries
Balance
Allowance for credit losses - loans:
Commercial
Commercial multi-family
$
26,179
$
(10,957)
$
-
$
-
$
1
$
15,223
Commercial real estate non-owner occupied
71,716
(4,801)
-
(27)
261
67,149
Commercial real estate owner occupied
51,407
(1,930)
-
(1,664)
296
48,109
Commercial and industrial
99,651
(5,714)
-
(3,539)
13,187
103,585
Total Commercial
248,953
(23,402)
-
(5,230)
13,745
234,066
Construction
11,332
2,250
-
(2,611)
-
10,971
Mortgage
96,093
(8,060)
9
(62)
3,924
91,904
Leasing
13,927
(2,287)
-
(2,292)
850
10,198
Consumer
 
Credit cards
71,408
9,773
-
(10,865)
2,234
72,550
 
Home equity lines of credit
2,170
199
-
(267)
285
2,387
 
Personal
115,828
32,623
-
(24,896)
2,561
126,116
 
Auto
134,247
30,880
-
(14,553)
4,862
155,436
 
Other
6,242
1,538
-
(537)
197
7,440
Total Consumer
329,895
75,013
-
(51,118)
10,139
363,929
Total - Loans
$
700,200
$
43,514
$
9
$
(61,313)
$
28,658
$
711,068
Allowance for credit losses - unfunded commitments:
Commercial
$
6,636
$
(203)
$
-
$
-
$
-
$
6,433
Construction
4,907
1,890
-
-
-
6,797
Consumer
50
4
-
-
-
54
Ending balance - unfunded commitments [1]
$
11,593
$
1,691
$
-
$
-
$
-
$
13,284
[1]
Allowance for credit losses of unfunded commitments is
 
presented as part of Other Liabilities in the Consolidated
 
Statements of Financial Condition.
For the nine months ended September 30, 2023
BPPR
Impact of
Provision for
Allowance for
Net write
down
Beginning
Adopting
credit losses
credit losses -
Ending
(In thousands)
Balance
ASU 2022-02
(benefit)
PCD Loans
Charge-off
Recoveries
Balance
Allowance for credit losses - loans:
Commercial
Commercial multi-family
$
5,210
$
-
$
(1,730)
$
-
$
-
$
1
$
-
$
3,481
Commercial real estate non-owner occupied
52,475
-
860
-
(636)
509
-
53,208
Commercial real estate owner occupied
48,393
(1,161)
(7,409)
-
(525)
2,195
-
41,493
Commercial and industrial
68,217
(552)
8,378
-
(4,979)
16,515
-
87,579
Total Commercial
174,295
(1,713)
99
-
(6,140)
19,220
-
185,761
Construction
2,978
-
5,090
-
(2,611)
-
-
5,457
Mortgage
117,344
(33,556)
(15,113)
87
(1,205)
12,343
-
79,900
Leasing
20,618
(35)
(7,023)
-
(6,249)
2,887
-
10,198
Consumer
 
Credit cards
58,670
-
35,901
-
(27,998)
6,578
(601)
72,550
 
Home equity lines of credit
103
-
(107)
-
(111)
202
-
87
 
Personal
96,369
(7,020)
60,347
-
(49,441)
7,452
-
107,707
 
Auto
129,735
(21)
45,108
-
(34,770)
15,384
-
155,436
 
Other
15,433
-
3,297
-
(11,855)
563
-
7,438
Total Consumer
300,310
(7,041)
144,546
-
(124,175)
30,179
(601)
343,218
Total - Loans
$
615,545
$
(42,345)
$
127,599
$
87
$
(140,380)
$
64,629
$
(601)
$
624,534
Allowance for credit losses - unfunded commitments:
Commercial
$
4,336
$
-
$
552
$
-
$
-
$
-
$
-
$
4,888
Construction
2,022
-
(680)
-
-
-
-
1,342
Ending balance - unfunded commitments [1]
$
6,358
$
-
$
(128)
$
-
$
-
$
-
$
-
$
6,230
[1]
Allowance for credit losses of unfunded commitments is
 
presented as part of Other Liabilities in the Consolidated
 
Statements of Financial Condition.
For the nine months ended September 30, 2023
Popular U.S.
Impact of
Provision for
 
Beginning
Adopting
credit losses -
Ending
(In thousands)
Balance
ASU 2022-02
(benefit)
Charge-offs
Recoveries
Balance
Allowance for credit losses - loans:
Commercial
Commercial multi-family
$
21,101
$
-
$
(9,363)
$
-
$
4
$
11,742
Commercial real estate non-owner occupied
19,065
-
(7,108)
-
1,984
13,941
Commercial real estate owner occupied
8,688
-
(738)
(1,395)
61
6,616
Commercial and industrial
12,227
-
5,943
(3,808)
1,644
16,006
Total Commercial
61,081
-
(11,266)
(5,203)
3,693
48,305
Construction
1,268
-
4,246
-
-
5,514
Mortgage
17,910
(2,098)
(3,993)
-
185
12,004
Consumer
 
Credit cards
-
-
1
(1)
-
-
 
Home equity lines of credit
2,439
-
(419)
(419)
699
2,300
 
Personal
22,057
(1,140)
10,019
(14,093)
1,566
18,409
 
Other
2
-
134
(143)
9
2
Total Consumer
24,498
(1,140)
9,735
(14,656)
2,274
20,711
Total - Loans
$
104,757
$
(3,238)
$
(1,278)
$
(19,859)
$
6,152
$
86,534
Allowance for credit losses - unfunded commitments:
Commercial
$
1,175
$
-
$
370
$
-
$
-
$
1,545
Construction
1,184
-
4,271
-
-
5,455
Consumer
88
-
(34)
-
-
54
Ending balance - unfunded commitments [1]
$
2,447
$
-
$
4,607
$
-
$
-
$
7,054
[1]
Allowance for credit losses of unfunded commitments is
 
presented as part of Other Liabilities in the Consolidated
 
Statements of Financial Condition.
For the nine months ended September 30, 2023
Popular Inc.
Impact
Provision for
Allowance
for
Net write
down
Beginning
of adopting
credit losses
credit losses -
Ending
(In thousands)
Balance
ASU 2022-02
(benefit)
PCD Loans
Charge-offs
Recoveries
Balance
Allowance for credit losses - loans:
Commercial
Commercial multi-family
$
26,311
$
-
$
(11,093)
$
-
$
-
$
5
$
-
$
15,223
Commercial real estate non-owner occupied
71,540
-
(6,248)
-
(636)
2,493
-
67,149
Commercial real estate owner occupied
57,081
(1,161)
(8,147)
-
(1,920)
2,256
-
48,109
Commercial and industrial
80,444
(552)
14,321
-
(8,787)
18,159
-
103,585
Total Commercial
235,376
(1,713)
(11,167)
-
(11,343)
22,913
-
234,066
Construction
4,246
-
9,336
-
(2,611)
-
-
10,971
Mortgage
135,254
(35,654)
(19,106)
87
(1,205)
12,528
-
91,904
Leasing
20,618
(35)
(7,023)
-
(6,249)
2,887
-
10,198
Consumer
 
Credit cards
58,670
-
35,902
-
(27,999)
6,578
(601)
72,550
 
Home equity lines of credit
2,542
-
(526)
-
(530)
901
-
2,387
 
Personal
118,426
(8,160)
70,366
-
(63,534)
9,018
-
126,116
 
Auto
129,735
(21)
45,108
-
(34,770)
15,384
-
155,436
 
Other
15,435
-
3,431
-
(11,998)
572
-
7,440
Total Consumer
324,808
(8,181)
154,281
-
(138,831)
32,453
(601)
363,929
Total - Loans
$
720,302
$
(45,583)
$
126,321
$
87
$
(160,239)
$
70,781
$
(601)
$
711,068
Allowance for credit losses - unfunded commitments:
Commercial
$
5,511
$
-
$
922
$
-
$
-
$
-
$
-
$
6,433
Construction
3,206
-
3,591
-
-
-
-
6,797
Consumer
88
-
(34)
-
-
-
-
54
Ending balance - unfunded commitments [1]
$
8,805
$
-
$
4,479
$
-
$
-
$
-
$
-
$
13,284
[1]
Allowance for credit losses of unfunded commitments is
 
presented as part of Other Liabilities in the Consolidated
 
Statements of Financial Condition.
For the quarter ended September 30, 2022
BPPR
Provision for
Allowance for
Beginning
credit losses
credit losses -
Ending
(In thousands)
Balance
(benefit)
PCD Loans
Charge-offs
Recoveries
Balance
Allowance for credit losses - loans:
Commercial
Commercial multi-family
$
3,522
$
682
$
-
$
-
$
-
$
4,204
Commercial real estate non-owner occupied
50,393
2,689
-
-
368
53,450
Commercial real estate owner occupied
49,472
(5,438)
-
(24)
2,419
46,429
Commercial and industrial
50,160
9,145
-
(4,794)
3,181
57,692
Total Commercial
153,547
7,078
-
(4,818)
5,968
161,775
Construction
3,074
1,181
-
-
-
4,255
Mortgage
130,030
(11,648)
59
(1,720)
3,885
120,606
Leasing
19,037
2,115
-
(2,191)
853
19,814
Consumer
 
Credit cards
45,339
12,353
-
(6,669)
2,186
53,209
 
Home equity lines of credit
90
(128)
-
-
129
91
 
Personal
74,799
17,139
-
(9,963)
1,736
83,711
 
Auto
137,222
(770)
-
(11,238)
3,863
129,077
 
Other
17,439
1,374
-
(610)
193
18,396
Total Consumer
274,889
29,968
-
(28,480)
8,107
284,484
Total - Loans
$
580,577
$
28,694
$
59
$
(37,209)
$
18,813
$
590,934
Allowance for credit losses - unfunded commitments:
Commercial
$
2,032
$
868
$
-
$
-
$
-
$
2,900
Construction
1,534
349
-
-
-
1,883
Ending balance - unfunded commitments [1]
$
3,566
$
1,217
$
-
$
-
$
-
$
4,783
[1]
Allowance for credit losses of unfunded commitments is
 
presented as part of Other Liabilities in the Consolidated
 
Statements of Financial Condition.
For the quarter ended September 30, 2022
Popular U.S.
Provision for
Beginning
credit losses
Ending
(In thousands)
Balance
(benefit)
Charge-offs
Recoveries
Balance
Allowance for credit losses - loans:
Commercial
Commercial multi-family
$
20,571
$
1,138
$
-
$
8
$
21,717
Commercial real estate non-owner occupied
14,284
11,187
-
2
25,473
Commercial real estate owner occupied
9,076
(120)
-
26
8,982
Commercial and industrial
12,152
(717)
(720)
1,195
11,910
Total Commercial
56,083
11,488
(720)
1,231
68,082
Construction
3,839
(1,895)
-
-
1,944
Mortgage
18,275
(370)
-
23
17,928
Consumer
 
Home equity lines of credit
3,455
(1,340)
(47)
954
3,022
 
Personal
19,520
2,901
(1,528)
291
21,184
 
Other
1
41
(48)
8
2
Total Consumer
22,976
1,602
(1,623)
1,253
24,208
Total - Loans
$
101,173
$
10,825
$
(2,343)
$
2,507
$
112,162
Allowance for credit losses - unfunded commitments:
Commercial
$
1,317
$
(201)
$
-
$
-
$
1,116
Construction
1,961
(650)
-
-
1,311
Consumer
60
37
-
-
97
Ending balance - unfunded commitments [1]
$
3,338
$
(814)
$
-
$
-
$
2,524
[1]
Allowance for credit losses of unfunded commitments is
 
presented as part of Other Liabilities in the Consolidated
 
Statements of Financial Condition.
For the quarter ended September 30, 2022
Popular Inc.
Provision for
Allowance for
Beginning
credit losses
credit losses -
Ending
(In thousands)
Balance
(benefit)
PCD Loans
Charge-offs
Recoveries
Balance
Allowance for credit losses - loans:
Commercial
Commercial multi-family
$
24,093
$
1,820
$
-
$
-
$
8
$
25,921
Commercial real estate non-owner occupied
64,677
13,876
-
-
370
78,923
Commercial real estate owner occupied
58,548
(5,558)
-
(24)
2,445
55,411
Commercial and industrial
62,312
8,428
-
(5,514)
4,376
69,602
Total Commercial
209,630
18,566
-
(5,538)
7,199
229,857
Construction
6,913
(714)
-
-
-
6,199
Mortgage
148,305
(12,018)
59
(1,720)
3,908
138,534
Leasing
19,037
2,115
-
(2,191)
853
19,814
Consumer
 
Credit cards
45,339
12,353
-
(6,669)
2,186
53,209
 
Home equity lines of credit
3,545
(1,468)
-
(47)
1,083
3,113
 
Personal
94,319
20,040
-
(11,491)
2,027
104,895
 
Auto
137,222
(770)
-
(11,238)
3,863
129,077
 
Other
17,440
1,415
-
(658)
201
18,398
Total Consumer
297,865
31,570
-
(30,103)
9,360
308,692
Total - Loans
$
681,750
$
39,519
$
59
$
(39,552)
$
21,320
$
703,096
Allowance for credit losses - unfunded commitments:
Commercial
$
3,349
$
667
$
-
$
-
$
-
$
4,016
Construction
3,495
(301)
-
-
-
3,194
Consumer
60
37
-
-
-
97
Ending balance - unfunded commitments [1]
$
6,904
$
403
$
-
$
-
$
-
$
7,307
[1]
Allowance for credit losses of unfunded commitments is
 
presented as part of Other Liabilities in the Consolidated
 
Statements of Financial
 
Condition.
For the nine months ended September 30, 2022
BPPR
Provision for
Allowance for
Beginning
credit losses
credit losses -
Ending
(In thousands)
Balance
(benefit)
PCD Loans
Charge-offs
Recoveries
Balance
Allowance for credit losses - loans:
Commercial
Commercial multi-family
$
3,050
$
1,154
$
-
$
-
$
-
$
4,204
Commercial real estate non-owner occupied
45,211
7,024
-
(30)
1,245
53,450
Commercial real estate owner occupied
54,176
(13,907)
-
(977)
7,137
46,429
Commercial and industrial
49,491
6,784
-
(5,660)
7,077
57,692
Total Commercial
151,928
1,055
-
(6,667)
15,459
161,775
Construction
1,641
1,803
-
-
811
4,255
Mortgage
138,286
(28,129)
841
(4,408)
14,016
120,606
Leasing
17,578
3,807
-
(4,094)
2,523
19,814
Consumer
 
Credit cards
43,499
21,688
-
(18,770)
6,792
53,209
 
Home equity lines of credit
98
(213)
-
(164)
370
91
 
Personal
71,022
32,353
-
(25,069)
5,405
83,711
 
Auto
154,498
(10,793)
-
(26,766)
12,138
129,077
 
Other
15,612
3,590
-
(1,555)
749
18,396
Total Consumer
284,729
46,625
-
(72,324)
25,454
284,484
Total - Loans
$
594,162
$
25,161
$
841
$
(87,493)
$
58,263
$
590,934
Allowance for credit losses - unfunded commitments:
Commercial
$
1,751
$
1,149
$
-
$
-
$
-
$
2,900
Construction
2,388
(505)
-
-
-
1,883
Ending balance - unfunded commitments [1]
$
4,139
$
644
$
-
$
-
$
-
$
4,783
[1]
Allowance for credit losses of unfunded commitments is
 
presented as part of Other Liabilities in the Consolidated
 
Statements of Financial Condition.
For the nine months ended September 30, 2022
Popular U.S.
Provision for
Beginning
credit losses
Ending
(In thousands)
Balance
(benefit)
Charge-offs
Recoveries
Balance
Allowance for credit losses - loans:
Commercial
Commercial multi-family
$
25,418
$
(3,721)
$
-
$
20
$
21,717
Commercial real estate non-owner occupied
22,246
3,208
-
19
25,473
Commercial real estate owner occupied
6,053
2,681
-
248
8,982
Commercial and industrial
10,160
1,036
(1,244)
1,958
11,910
Total Commercial
63,877
3,204
(1,244)
2,245
68,082
Construction
4,722
(3,910)
-
1,132
1,944
Mortgage
16,192
1,756
(68)
48
17,928
Consumer
 
Credit cards
-
(10)
-
10
-
 
Home equity lines of credit
3,708
(2,974)
(99)
2,387
3,022
 
Personal
12,700
11,604
(3,985)
865
21,184
 
Other
5
144
(172)
25
2
Total Consumer
16,413
8,764
(4,256)
3,287
24,208
Total - Loans
$
101,204
$
9,814
$
(5,568)
$
6,712
$
112,162
Allowance for credit losses - unfunded commitments:
Commercial
$
1,384
$
(268)
$
-
$
-
$
1,116
Construction
2,337
(1,026)
-
-
1,311
Consumer
37
60
-
-
97
Ending balance - unfunded commitments [1]
$
3,758
$
(1,234)
$
-
$
-
$
2,524
[1]
Allowance for credit losses of unfunded commitments is
 
presented as part of Other Liabilities in the Consolidated
 
Statements of Financial Condition.
For the nine months ended September 30, 2022
Popular Inc.
Provision for
Allowance for
Beginning
credit losses
credit losses -
Ending
(In thousands)
Balance
(benefit)
PCD Loans
Charge-offs
Recoveries
Balance
Allowance for credit losses - loans:
Commercial
Commercial multi-family
$
28,468
$
(2,567)
$
-
$
-
$
20
$
25,921
Commercial real estate non-owner occupied
67,457
10,232
-
(30)
1,264
78,923
Commercial real estate owner occupied
60,229
(11,226)
-
(977)
7,385
55,411
Commercial and industrial
59,651
7,820
-
(6,904)
9,035
69,602
Total Commercial
215,805
4,259
-
(7,911)
17,704
229,857
Construction
6,363
(2,107)
-
-
1,943
6,199
Mortgage
154,478
(26,373)
841
(4,476)
14,064
138,534
Leasing
17,578
3,807
-
(4,094)
2,523
19,814
Consumer
 
Credit cards
43,499
21,678
-
(18,770)
6,802
53,209
 
Home equity lines of credit
3,806
(3,187)
-
(263)
2,757
3,113
 
Personal
83,722
43,957
-
(29,054)
6,270
104,895
 
Auto
154,498
(10,793)
-
(26,766)
12,138
129,077
 
Other
15,617
3,734
-
(1,727)
774
18,398
Total Consumer
301,142
55,389
-
(76,580)
28,741
308,692
Total - Loans
$
695,366
$
34,975
$
841
$
(93,061)
$
64,975
$
703,096
Allowance for credit losses - unfunded commitments:
Commercial
$
3,135
$
881
$
-
$
-
$
-
$
4,016
Construction
4,725
(1,531)
-
-
-
3,194
Consumer
37
60
-
-
-
97
Ending balance - unfunded commitments [1]
$
7,897
$
(590)
$
-
$
-
$
-
$
7,307
[1]
Allowance for credit losses of unfunded commitments is
 
presented as part of Other Liabilities in the Consolidated
 
Statements of Financial Condition.
Financing receivable modified for debtors experiencing financial difficulty
The following tables show the amortized cost basis of the loans modified to borrowers experiencing financial difficulties at the end of
the reporting period disaggregated by class
 
of financing receivable and type of
 
concession granted for the quarter and
 
nine months
ended
 
September
 
30,2023.
 
Loans
 
modified
 
to
 
borrowers
 
under
 
financial
 
difficulties
 
that
 
were
 
fully
 
paid
 
down,
 
charged-off
 
or
foreclosed upon by period end are not reported.
Loan Modifications Made to Borrowers Experiencing Financial
 
Difficulty for the quarter ended September 30,2023
Interest Rate Reduction
BPPR
Popular U.S.
Popular, Inc.
(In thousands)
Amortized Cost
Basis at
September
30,2023
% of total class
of Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
CRE owner occupied
$
141,807
10.07
%
$
-
-
%
$
141,807
4.66
%
Commercial and industrial
43
-
%
-
-
%
43
-
%
Mortgage
76
-
%
-
-
%
76
-
%
Consumer:
 
Credit cards
154
0.01
%
-
-
%
154
0.01
%
 
Personal
247
0.01
%
-
-
%
247
0.01
%
Total
$
142,327
0.60
%
$
-
-
%
$
142,327
0.42
%
Term Extension
BPPR
Popular U.S.
Popular, Inc.
(In thousands)
Amortized Cost
Basis at
September
30,2023
% of total class
of Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
CRE non-owner occupied
$
8,760
0.30
%
$
-
-
%
$
8,760
0.17
%
CRE owner occupied
2,667
0.19
%
10,847
0.66
%
13,514
0.44
%
Commercial and industrial
16,535
0.38
%
-
-
%
16,535
0.25
%
Mortgage
17,057
0.27
%
933
0.07
%
17,990
0.24
%
Consumer:
 
Personal
122
0.01
%
-
-
%
122
0.01
%
Total
$
45,141
0.19
%
$
11,780
0.11
%
$
56,921
0.17
%
Other-Than-Insignificant Payment Delays
BPPR
Popular U.S.
Popular, Inc.
(In thousands)
Amortized Cost
Basis at
September
30,2023
% of total class
of Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
CRE owner occupied
$
8,980
0.64
%
$
-
-
%
$
8,980
0.29
%
Commercial and industrial
3,287
0.08
%
-
-
%
3,287
0.05
%
Total
$
12,267
0.05
%
$
-
-
%
$
12,267
0.04
%
Combination - Term extension
 
and Interest Rate Reduction
BPPR
Popular U.S.
Popular, Inc.
(In thousands)
Amortized Cost
Basis at
September
30,2023
% of total class
of Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
CRE non-owner occupied
$
18,705
0.63
%
$
-
-
%
$
18,705
0.37
%
CRE owner occupied
14,683
1.04
%
-
-
%
14,683
0.48
%
Commercial and industrial
558
0.01
%
-
-
%
558
0.01
%
Mortgage
7,691
0.12
%
-
-
%
7,691
0.10
%
Consumer:
 
Personal
815
0.05
%
11
0.01
%
826
0.04
%
Total
$
42,452
0.18
%
$
11
-
%
$
42,463
0.12
%
Combination -
 
Other-Than-Insignificant Payment Delays and Interest Rate
 
Reduction
Puerto Rico
Popular U.S.
Popular, Inc.
(In thousands)
Amortized Cost
Basis at
September
30,2023
% of total class
of Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
CRE non-owner occupied
$
182
0.01
%
$
-
-
%
$
182
-
%
Commercial and industrial
78
-
%
-
-
%
78
-
%
Consumer:
 
Credit cards
195
-
%
-
-
%
195
0.02
%
Total
$
455
-
%
$
-
-
%
$
455
-
%
Loan Modifications Made to Borrowers Experiencing Financial
 
Difficulty for the nine months ended September
 
30,2023
Interest Rate Reduction
BPPR
Popular U.S.
Popular, Inc.
(In thousands)
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
CRE owner occupied
$
141,807
10.07
%
$
-
-
%
$
141,807
4.66
%
Commercial and industrial
43
-
%
-
-
%
43
-
%
Mortgage
302
-
%
-
-
%
302
-
%
Consumer:
 
Credit cards
565
0.05
%
-
-
%
565
0.05
%
 
Personal
540
0.03
%
3
-
%
543
0.03
%
 
Other
3
-
%
-
-
%
3
-
%
Total
$
143,260
0.60
%
$
3
-
%
$
143,263
0.42
%
Term Extension
BPPR
Popular U.S.
Popular, Inc.
(In thousands)
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
CRE non-owner occupied
$
33,059
1.12
%
$
-
-
%
$
33,059
0.66
%
CRE owner occupied
4,293
0.30
%
26,509
1.62
%
30,802
1.01
%
Commercial and industrial
38,713
0.89
%
-
-
%
38,713
0.59
%
Construction
2,169
1.27
%
5,309
0.71
%
7,478
0.81
%
Mortgage
41,916
0.67
%
5,423
0.42
%
47,339
0.62
%
Consumer:
 
Personal
196
0.01
%
129
0.07
%
325
0.02
%
 
Auto
36
-
%
-
-
%
36
-
%
Total
$
120,382
0.51
%
$
37,370
0.36
%
$
157,752
0.46
%
Principal Forgiveness
BPPR
Popular U.S.
Popular, Inc.
(In thousands)
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
CRE owner occupied
$
18
-
%
$
-
-
%
$
18
-
%
Total
$
18
-
%
$
-
-
%
$
18
-
%
Other-Than-Insignificant Payment Delays
BPPR
Popular U.S.
Popular, Inc.
(In thousands)
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
CRE non-owner occupied
$
1,736
0.06
%
$
-
-
%
$
1,736
0.03
%
CRE owner occupied
12,833
0.91
%
13,556
0.83
%
26,389
0.87
%
Commercial and industrial
4,653
0.11
%
828
0.04
%
5,481
0.08
%
Mortgage
137
-
%
-
-
%
137
-
%
Consumer:
 
Other
31
0.02
%
-
-
%
31
0.02
%
Total
$
19,390
0.08
%
$
14,384
0.14
%
$
33,774
0.10
%
Combination - Term extension
 
and Interest Rate Reduction
BPPR
Popular U.S.
Popular, Inc.
(In thousands)
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
CRE non-owner occupied
$
18,705
0.63
%
$
-
-
%
$
18,705
0.37
%
CRE owner occupied
14,784
1.05
%
-
-
%
14,784
0.49
%
Commercial and industrial
614
0.01
%
-
-
%
614
0.01
%
Mortgage
29,044
0.46
%
407
0.03
%
29,451
0.39
%
Consumer:
 
Personal
1,711
0.10
%
43
0.02
%
1,754
0.09
%
 
Auto
27
-
%
-
-
%
27
-
%
Total
$
64,885
0.27
%
$
450
-
%
$
65,335
0.19
%
Combination - Other-Than-Insignificant Payment Delays
 
and Interest Rate Reduction
Puerto Rico
Popular U.S.
Popular, Inc.
(In thousands)
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
CRE non-owner occupied
$
182
0.01
%
$
-
-
%
$
182
-
%
Commercial and industrial
153
-
%
-
-
%
153
-
%
Consumer:
 
Credit cards
587
0.05
%
-
-
%
587
0.05
%
Total
$
922
-
%
$
-
-
%
$
922
-
%
Combination - Other-Than-Insignificant Payment Delays
 
and Principal Forgiveness
Puerto Rico
Popular U.S.
Popular, Inc.
(In thousands)
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
Amortized Cost
Basis at
September
30,2023
% of total class of
Financing
Receivable
CRE owner occupied
$
195
0.01
%
$
-
-
%
$
195
0.01
%
Total
$
195
-
%
$
-
-
%
$
195
-
%
The following table describes the financial effect of the
 
modifications made to borrowers experiencing
 
financial difficulties:
For the quarter ended September 30, 2023
Interest rate reduction
Loan Type
Financial Effect
CRE Non-owner occupied
Reduced weighted-average contractual interest rate from
9
.0% to
7.2
%.
CRE Owner occupied
Reduced weighted-average contractual interest rate from
8.4
% to
6.6
%.
Commercial and industrial
Reduced weighted-average contractual interest rate from
12.5
% to
7.6
%.
Mortgage
Reduced weighted-average contractual interest rate from
5.7
% to
4.2
%.
Consumer:
Credit cards
Reduced weighted-average contractual interest rate from
19.6
% to
3.6
%.
Personal
Reduced weighted-average contractual interest rate from
17
.0% to
9.1
%.
Term extension
Loan Type
Financial Effect
CRE Non-owner occupied
Added a weighted-average of
28
 
months to the life of loans.
CRE Owner occupied
Added a weighted-average of
1
 
year to the life of loans.
Commercial and industrial
Added a weighted-average of
3
 
year to the life of loans.
Mortgage
Added a weighted-average of
11
 
years to the life of loans.
Consumer:
Personal
Added a weighted-average of
7
 
years to the life of loans.
Other than insignificant payment delay
Loan Type
Financial Effect
CRE Non-owner occupied
Added a weighted-average of
7
 
months to the life of loans.
CRE Owner occupied
Added a weighted-average of
10
 
months to the life of loans.
Commercial and industrial
Added a weighted-average of
7
 
months to the life of loans.
Consumer:
Credit cards
Added a weighted-average of
29
 
months to the life of loans.
For the nine months ended September 30, 2023
Interest rate reduction
Loan Type
Financial Effect
CRE Non-owner occupied
Reduced weighted-average contractual interest rate from
9
.0% to
7.2
%.
CRE Owner occupied
Reduced weighted-average contractual interest rate from
8.4
% to
6.6
%.
Commercial and industrial
Reduced weighted-average contractual interest rate from
14
.0% to
7.7
%.
Mortgage
Reduced weighted-average contractual interest rate from
5.7
% to
4.2
%.
Consumer:
Credit cards
Reduced weighted-average contractual interest rate from
18
.0% to
4.3
%.
Personal
Reduced weighted-average contractual interest rate from
18
.0% to
9.7
%.
Auto
Reduced weighted-average contractual interest rate from
12.64
% to
12.62
%.
Other
Reduced weighted-average contractual interest rate from
18
.0% to 0.0%.
Term extension
Loan Type
Financial Effect
CRE Non-owner occupied
Added a weighted-average of
19
 
months to the life of loans.
CRE Owner occupied
Added a weighted-average of
1
 
year to the life of loans.
Commercial and industrial
Added a weighted-average of
2
 
years to the life of loans.
Construction
Added a weighted-average of
6
 
months to the life of loans.
Mortgage
Added a weighted-average of
11
 
years to the life of loans.
Consumer:
Personal
Added a weighted-average of
7
 
years to the life of loans.
Auto
Added a weighted-average of
3
 
years to the life of loans.
Principal forgiveness
Loan Type
Financial Effect
CRE Owner occupied
Reduced the amortized cost basis of the loans by $
0.1
 
million.
Other than insignificant payment delay
Loan Type
Financial Effect
CRE Non-owner occupied
Added a weighted-average of
12
 
months to the life of loans.
CRE Owner occupied
Added a weighted-average of
8
 
months to the life of loans.
Commercial and industrial
Added a weighted-average of
8
 
months to the life of loans.
Mortgage
Added a weighted-average of
40
 
months to the life of loans.
Consumer:
Credit cards
Added a weighted-average of
26
 
months to the life of loans.
Other
Added a weighted-average of
11
 
months to the life of loans.
The following table
 
presents, by class, the
 
performance of loans that
 
have been modified in
 
the last nine months
 
at September 30,
2023.
BPPR
For the period ended September 30, 2023
Past Due 90 days or more [1]
(In thousands)
30-59 days
60-89 days
Past due 90
days or more
Total past
due
Current
Total
With Payment
Default
Without
Payment Default
CRE Non-owner occupied
$
-
$
-
$
122
$
122
$
53,560
$
53,682
$
-
$
122
CRE Owner occupied
-
-
2,488
2,488
171,442
173,930
-
2,488
Commercial and industrial
-
-
1,735
1,735
42,441
44,176
729
1,006
Construction
-
-
-
-
2,169
2,169
-
-
Mortgage
4,913
2,572
22,291
29,776
41,623
71,399
4,196
18,095
Consumer:
 
Credit cards
117
87
130
334
818
1,152
93
37
 
Personal
48
19
550
617
1,830
2,447
-
550
 
Auto
-
-
11
11
52
63
-
11
 
Other
-
-
31
31
3
34
31
-
Total
$
5,078
$
2,678
$
27,358
$
35,114
$
313,938
$
349,052
$
5,049
$
22,309
[1] Loans that were in non-accrual status at the time
 
of modification are presented as past due until the borrower
 
has demonstrated a willingness and ability
to make the restructured loan payments. Payment default
 
is defined as a restructured loan becoming 90 days past
 
due after being modified, foreclosed or
charged-off, whichever occurs first. The recorded investment
 
as of period end is inclusive of all partial paydowns
 
and charge-offs since the modification
date. Loans modified with financial difficulty that
 
were fully paid down, charged-off or foreclosed upon
 
by period end are not reported.
Popular U.S.
For the period ended September 30, 2023
Past Due 90 days or more [1]
(In thousands)
30-59 days
60-89 days
Past due 90
days or more
Total past
due
Current
Total
With Payment
Default
Without
Payment Default
CRE Owner occupied
$
-
$
-
$
-
$
-
$
40,065
$
40,065
$
-
$
-
Commercial and industrial
-
-
-
-
828
828
-
-
Construction
-
-
-
-
5,309
5,309
-
-
Mortgage
-
-
334
334
5,496
5,830
103
231
Consumer:
 
Personal
-
-
129
129
46
175
-
129
Total
$
-
$
-
$
463
$
463
$
51,744
$
52,207
$
103
$
360
[1] Loans that were in non-accrual status at the time
 
of modification are presented as past due until the borrower
 
has demonstrated a willingness and ability
to make the restructured loan payments. Payment default
 
is defined as a restructured loan becoming 90 days past
 
due after being modified, foreclosed or
charged-off, whichever occurs first. The recorded investment
 
as of period end is inclusive of all partial paydowns
 
and charge-offs since the modification
date. Loans modified with financial difficulty that
 
were fully paid down, charged-off or foreclosed upon
 
by period end are not reported.
Popular Inc.
For the period ended September 30, 2023
Past Due 90 days or more [1]
(In thousands)
30-59 days
60-89 days
Past due 90
days or more
Total past
due
Current
Total
With Payment
Default
Without
Payment Default
CRE Non-owner occupied
$
-
$
-
$
122
$
122
$
53,560
$
53,682
$
-
$
122
CRE Owner occupied
-
-
2,488
2,488
211,507
213,995
-
2,488
Commercial and industrial
-
-
1,735
1,735
43,269
45,004
729
1,006
Construction
-
-
-
-
7,478
7,478
-
-
Mortgage
4,913
2,572
22,625
30,110
47,119
77,229
4,299
18,326
Consumer:
 
Credit cards
117
87
130
334
818
1,152
93
37
 
Personal
48
19
679
746
1,876
2,622
-
679
 
Auto
-
-
11
11
52
63
-
11
 
Other
-
-
31
31
3
34
31
-
Total
$
5,078
$
2,678
$
27,821
$
35,577
$
365,682
$
401,259
$
5,152
$
22,669
[1] Loans that were in non-accrual status at the time
 
of modification are presented as past due until the borrower
 
has demonstrated a willingness and ability
to make the restructured loan payments.
 
Payment default is defined as a restructured loan becoming
 
90 days past due after being modified, foreclosed
 
or
charged-off, whichever occurs first. The recorded inve
 
stment as of period end is inclusive of all partial
 
paydowns and charge-offs since the modification
date. Loans modified with financial difficulty that
 
were fully paid down, charged-off or foreclosed upon
 
by period end are not reported.
Payment
 
default
 
is
 
defined
 
as
 
a
 
restructured
 
loan
 
becoming
 
90
 
days
 
past
 
due
 
after
 
being
 
modified,
 
foreclosed
 
or
 
charged-off,
whichever occurs first.
 
During the quarter
 
and nine months
 
ended September 30,
 
2023, the outstanding
 
balance of loans
 
modified
for borrowers
 
under financial difficulties that were subject to payment default during the nine
 
months preceding the default date was
$
5
 
million and $
6
 
million, respectively.
 
For the quarter ended September 30, 2023,
 
extension of maturity and the combination of reduction
 
of interest rate and extension of
maturity
 
amounted
 
to
 
$
4
 
million
 
and
 
$
1
 
million,
 
respectively,
 
of
 
the
 
outstanding
 
balance
 
of
 
loans
 
modified
 
for
 
borrowers
 
under
financial difficulties
 
that were
 
subject to
 
payment default
 
during the
 
nine months
 
preceding the
 
default date.
 
For the
 
nine months
ended
 
September
 
30,
 
2023,
 
extension
 
of
 
maturity
 
and
 
the
 
combination
 
of
 
reduction
 
of
 
interest
 
rate
 
and
 
extension
 
of
 
maturity
amounted
 
to
 
$
5
 
million
 
and
 
$
1
 
million,
 
respectively,
 
of
 
the
 
outstanding
 
balance
 
of
 
loans
 
modified
 
for
 
borrowers
 
under
 
financial
difficulties that were subject to payment default during
 
the nine months preceding the default date.
Schedule of Trouble Debt Restructurings breakdown by Accrual and Nonaccrual Status
December 31, 2022
(In thousands)
Accruing
Non-Accruing
Total
Related
Allowance
Loans held-in-portfolio:
 
Commercial
$
269,784
$
54,641
$
324,425
$
18,451
 
Mortgage
[1]
1,169,976
86,790
1,256,766
58,819
 
Leasing
1,154
24
1,178
43
 
Consumer
54,395
7,883
62,278
13,577
Loans held-in-portfolio
$
1,495,309
$
149,338
$
1,644,647
$
90,890
[1] At December 31, 2022, accruing mortgage loan TDRs include
 
$
725
 
million guaranteed by U.S. sponsored entities
 
at BPPR.
Troubled Debt Restructurings Loan Count By Type Of Modification
Popular Inc.
For the quarter ended September 30, 2022
For the nine months ended September 30, 2022
Reduction in
interest rate
Extension of
maturity
date
Combination of
reduction in
interest rate and
extension of
maturity date
Other
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
-
-
1
2
2
Commercial real estate owner occupied
1
3
-
2
2
9
1
2
Commercial and industrial
-
3
-
-
3
8
1
11
Mortgage
2
63
210
2
6
128
715
3
Leasing
-
-
-
-
-
-
1
-
Consumer:
 
Credit cards
7
-
-
10
31
-
-
32
 
Personal
28
4
1
-
82
60
1
1
 
Auto
-
-
-
-
-
1
-
-
Total
38
73
213
14
124
207
721
51
Troubled Debt Restructurings on Financing Receivables
The following table presents, by class, quantitative
 
information related to loans modified as TDRs
 
during the quarter and nine
months ended September 30, 2022.
Popular, Inc.
 
For the quarter ended September 30, 2022
(In thousands)
Loan count
Pre-modification outstanding
recorded investment
Post-modification
outstanding recorded
investment
Increase (decrease) in the
allowance for loan losses as
a result of modification
Commercial real estate non-owner occupied
2
$
1,327
$
1,326
$
10
Commercial real estate owner occupied
6
2,488
2,471
(47)
Commercial and industrial
3
123
117
7
Mortgage
277
28,990
30,192
1,032
Consumer:
 
Credit cards
17
157
154
1
 
Personal
33
542
539
146
Total
338
$
33,627
$
34,799
$
1,149
Popular, Inc.
 
For the nine months ended September 30, 2022
(In thousands)
Loan count
Pre-modification outstanding
recorded investment
Post-modification
outstanding recorded
investment
Increase (decrease) in the
allowance for loan losses as
a result of modification
Commercial real estate non-owner occupied
5
$
4,779
$
4,777
$
15
Commercial real estate owner occupied
14
15,594
15,567
(2,120)
Commercial and industrial
23
49,625
49,425
2,067
Mortgage
852
93,773
96,918
3,143
Leasing
1
14
12
2
Consumer:
 
Credit cards
63
567
599
8
 
Personal
144
2,223
2,297
411
 
Auto
1
28
28
5
Total
1,103
$
166,603
$
169,623
$
3,531
T D R Loans Subsequent Default
Popular Inc.
Defaulted during the quarter ended
September 30, 2022
Defaulted during the nine months ended
September 30, 2022
(In thousands)
Loan count
Recorded investment as
of first default date
Loan count
Recorded Investment as of
first default date
Commercial real estate owner occupied
1
$
560
1
$
560
Commercial and industrial
2
1,165
5
3,661
Mortgage
35
3,500
73
9,200
Leasing
1
5
1
5
Consumer:
 
Credit cards
4
32
24
185
 
Personal
15
160
34
558
Total
58
$
5,422
138
$
14,169
Financing Receivable Credit Quality Indicators
September 30, 2023
Term Loans
Revolving
Loans
Amortized
Cost Basis
Revolving
Loans
Converted to
Term Loans
Amortized
Cost Basis
Amortized Cost Basis by Origination Year
(In thousands)
2023
2022
2021
2020
2019
Prior
 
Years
Total
BPPR
Commercial:
Commercial multi-family
Watch
$
-
$
-
$
-
$
-
$
4,132
$
4,291
$
-
$
-
$
8,423
Special Mention
-
-
-
-
-
5,817
-
-
5,817
Substandard
-
-
-
-
-
3,048
100
-
3,148
Pass
38,060
139,784
22,604
20,572
29,751
26,368
287
-
277,426
Total commercial
multi-family
$
38,060
$
139,784
$
22,604
$
20,572
$
33,883
$
39,524
$
387
$
-
$
294,814
Commercial real estate non-owner occupied
Watch
$
2,611
$
345
$
14,870
$
22,895
$
14,387
$
42,474
$
-
$
-
$
97,582
Special Mention
652
-
25,120
63
65,283
55,662
3,563
-
150,343
Substandard
19,724
1,356
-
2,243
-
25,986
-
-
49,309
Pass
215,640
881,595
555,185
363,551
44,464
584,724
6,488
-
2,651,647
Total commercial
real estate non-
owner occupied
$
238,627
$
883,296
$
595,175
$
388,752
$
124,134
$
708,846
$
10,051
$
-
$
2,948,881
Year-to-Date gross
write-offs
$
-
$
-
$
-
$
609
$
-
$
27
$
-
$
-
$
636
Commercial real estate owner occupied
Watch
$
1,673
$
11,674
$
25,306
$
8,021
$
3,578
$
65,433
$
900
$
-
$
116,585
Special Mention
-
16,697
6,082
143,558
996
56,793
13,069
-
237,195
Substandard
916
15,967
2,130
324
657
71,111
-
-
91,105
Doubtful
-
-
-
-
-
225
-
-
225
Pass
54,152
188,715
234,029
52,294
26,558
396,965
9,730
-
962,443
Total commercial
real estate owner
occupied
$
56,741
$
233,053
$
267,547
$
204,197
$
31,789
$
590,527
$
23,699
$
-
$
1,407,553
Year-to-Date gross
write-offs
$
-
$
4
$
-
$
-
$
1
$
520
$
-
$
-
$
525
Commercial and industrial
Watch
$
5,085
$
20,271
$
6,051
$
2,791
$
16,548
$
78,294
$
78,361
$
-
$
207,401
Special Mention
85
3,519
3,549
6,157
2,057
42,415
10,696
-
68,478
Substandard
5,698
2,011
6,457
19,449
2,130
34,171
33,556
-
103,472
Doubtful
-
-
-
54
-
30
-
-
84
Loss
-
-
-
-
-
-
354
-
354
Pass
679,029
688,800
522,132
246,230
132,643
265,712
1,415,483
-
3,950,029
Total commercial
and industrial
$
689,897
$
714,601
$
538,189
$
274,681
$
153,378
$
420,622
$
1,538,450
$
-
$
4,329,818
Year-to-Date gross
write-offs
$
784
$
184
$
140
$
317
$
398
$
287
$
2,869
$
-
$
4,979
Construction
Watch
$
-
$
17,156
$
8,693
$
-
$
-
$
-
$
20,485
$
-
$
46,334
Substandard
-
6,578
-
2,169
-
-
$
-
-
8,747
Pass
14,035
21,688
33,249
11,843
2,308
1,056
31,247
-
115,426
Total construction
$
14,035
$
45,422
$
41,942
$
14,012
$
2,308
$
1,056
$
51,732
$
-
$
170,507
Year-to-Date gross
write-offs
$
-
 
$
2,611
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
$
2,611
Mortgage
Substandard
$
-
$
161
$
515
$
372
$
2,923
$
76,022
$
-
$
-
$
79,993
Pass
537,050
443,989
430,508
262,407
167,447
4,367,874
-
-
6,209,275
Total mortgage
$
537,050
$
444,150
$
431,023
$
262,779
$
170,370
$
4,443,896
$
-
$
-
$
6,289,268
Year-to-Date gross
write-offs
$
-
 
$
-
 
$
-
 
$
-
 
$
-
 
$
1,205
$
-
$
-
$
1,205
September 30, 2023
Term Loans
Revolving
Loans
Amortized
Cost Basis
Revolving
Loans
Converted to
Term Loans
Amortized
Cost Basis
Amortized Cost Basis by Origination Year
(In thousands)
2023
2022
2021
2020
2019
Prior
 
Years
Total
BPPR
Leasing
Substandard
$
146
$
2,269
$
1,912
$
923
$
946
$
568
$
-
$
-
$
6,764
Loss
-
48
-
-
29
-
-
-
77
Pass
508,378
522,978
341,119
180,280
101,777
36,741
-
-
1,691,273
Total leasing
$
508,524
$
525,295
$
343,031
$
181,203
$
102,752
$
37,309
$
-
$
-
$
1,698,114
Year-to-Date gross
write-offs
$
391
$
2,638
$
1,871
$
530
$
473
$
346
$
-
$
-
$
6,249
Consumer:
Credit cards
Substandard
$
-
$
-
$
-
$
-
$
-
$
-
$
17,717
$
-
$
17,717
Loss
-
-
-
-
-
-
2
-
2
Pass
-
-
-
-
-
-
1,059,692
-
1,059,692
Total credit cards
$
-
$
-
$
-
$
-
$
-
$
-
$
1,077,411
$
-
$
1,077,411
Year-to-Date gross
write-offs
$
-
$
-
$
-
$
-
$
-
$
-
$
27,998
$
-
$
27,998
HELOCs
Pass
$
-
$
-
$
-
$
-
$
-
$
-
$
2,474
$
-
$
2,474
Total HELOCs
$
-
$
-
$
-
$
-
$
-
$
-
$
2,474
$
-
$
2,474
Year-to-Date gross
write-offs
$
-
$
-
$
-
$
-
$
-
$
-
$
111
$
-
$
111
Personal
Substandard
$
677
$
4,223
$
2,077
$
604
$
1,217
$
8,854
$
-
$
1,104
$
18,756
Loss
30
10
48
-
25
21
-
-
134
Pass
700,994
562,370
210,731
66,531
71,178
109,046
-
23,262
1,744,112
Total Personal
$
701,701
$
566,603
$
212,856
$
67,135
$
72,420
$
117,921
$
-
$
24,366
$
1,763,002
Year-to-Date gross
write-offs
$
1,055
$
23,867
$
13,973
$
3,395
$
3,834
$
2,305
$
-
$
1,012
$
49,441
Auto
Substandard
$
3,213
$
12,306
$
11,389
$
8,665
$
7,369
$
3,735
$
-
$
-
$
46,677
Loss
11
118
18
55
32
25
-
-
259
Pass
941,464
964,237
770,038
449,165
299,099
162,257
-
-
3,586,260
Total Auto
$
944,688
$
976,661
$
781,445
$
457,885
$
306,500
$
166,017
$
-
$
-
$
3,633,196
Year-to-Date gross
write-offs
$
3,625
$
16,278
$
8,276
$
4,353
$
2,238
$
-
$
-
$
-
$
34,770
Other consumer
Substandard
$
-
$
28
$
-
$
82
$
17
$
1,151
$
267
$
-
$
1,545
Loss
-
-
137
-
-
499
-
-
636
Pass
30,668
24,809
15,498
5,941
3,537
3,843
61,055
-
145,351
Total Other
consumer
$
30,668
$
24,837
$
15,635
$
6,023
$
3,554
$
5,493
$
61,322
$
-
$
147,532
Year-to-Date gross
write-offs
$
20
$
117
$
80
$
133
$
53
$
11,452
$
-
$
-
$
11,855
Total BPPR
$
3,759,991
$
4,553,702
$
3,249,447
$
1,877,239
$
1,001,088
$
6,531,211
$
2,765,526
$
24,366
$
23,762,570
September 30, 2023
Term Loans
Revolving
Loans
Amortized
Cost Basis
Revolving
Loans
Converted to
Term Loans
Amortized
Cost Basis
Amortized Cost Basis by Origination Year
(In thousands)
2023
2022
2021
2020
2019
Prior
Years
Total
Popular U.S.
Commercial:
Commercial multi-family
Watch
$
-
$
742
$
-
$
3,672
$
51,264
$
59,944
$
-
$
-
$
115,622
Special Mention
-
-
867
1,178
-
16,681
-
-
18,726
Substandard
-
-
-
-
14,747
16,003
-
-
30,750
Pass
69,117
525,927
367,965
233,949
216,481
450,809
4,273
-
1,868,521
Total commercial
multi-family
$
69,117
$
526,669
$
368,832
$
238,799
$
282,492
$
543,437
$
4,273
$
-
$
2,033,619
Commercial real estate non-owner occupied
Watch
$
-
$
5,500
$
4,228
$
729
$
10,991
$
44,329
$
-
$
-
$
65,777
Special Mention
-
-
-
-
1,333
68,433
-
-
69,766
Substandard
-
-
-
8,112
1,718
3,210
-
-
13,040
Pass
369,327
542,901
205,752
245,659
116,282
447,229
10,516
-
1,937,666
Total commercial
real estate non-
owner occupied
$
369,327
$
548,401
$
209,980
$
254,500
$
130,324
$
563,201
$
10,516
$
-
$
2,086,249
Commercial real estate owner occupied
Watch
$
-
$
-
$
78,483
$
1,177
$
-
$
124,940
$
-
$
-
$
204,600
Special Mention
-
-
-
3,809
6,114
114
-
-
10,037
Substandard
-
481
-
-
7,288
49,957
-
-
57,726
Pass
221,117
357,451
322,609
112,290
76,200
266,381
8,941
-
1,364,989
Total commercial
real estate owner
occupied
$
221,117
$
357,932
$
401,092
$
117,276
$
89,602
$
441,392
$
8,941
$
-
$
1,637,352
Year-to-Date gross
write-offs
$
-
$
-
$
-
$
-
$
-
$
1,395
$
-
$
-
$
1,395
Commercial and industrial
Watch
$
2,594
$
8,238
$
3,940
$
1,024
$
1,208
$
3,748
$
9,507
$
-
$
30,259
Special Mention
368
621
1,074
37
171
47
-
-
2,318
Substandard
-
259
209
186
1,773
1,867
2,428
-
6,722
Pass
94,717
276,872
366,679
326,315
176,132
495,831
421,419
-
2,157,965
Total commercial
and industrial
$
97,679
$
285,990
$
371,902
$
327,562
$
179,284
$
501,493
$
433,354
$
-
$
2,197,264
Year-to-Date gross
write-offs
$
247
$
221
$
1,994
$
-
$
1,307
$
-
$
39
$
-
$
3,808
Construction
Watch
$
-
$
-
$
18,542
$
-
$
-
$
-
$
-
$
-
$
18,542
Special Mention
-
-
-
-
-
34,562
-
-
34,562
Substandard
-
-
5,213
3,214
-
2,095
-
-
10,522
Pass
180,508
305,886
121,838
28,119
50,844
784
-
-
687,979
Total construction
$
180,508
$
305,886
$
145,593
$
31,333
$
50,844
$
37,441
$
-
$
-
$
751,605
Mortgage
Substandard
$
-
$
-
$
-
$
-
$
2,168
$
9,812
$
-
$
-
$
11,980
Pass
75,875
226,204
291,991
237,859
179,085
272,849
-
-
1,283,863
Total mortgage
$
75,875
$
226,204
$
291,991
$
237,859
$
181,253
$
282,661
$
-
$
-
$
1,295,843
September 30, 2023
Term Loans
Revolving
Loans
Amortized
Cost Basis
Revolving
Loans
Converted to
Term Loans
Amortized
Cost Basis
Amortized Cost Basis by Origination Year
(In thousands)
2023
2022
2021
2020
2019
Prior
Years
Total
Popular U.S.
Consumer:
Credit cards
Pass
$
-
$
-
$
-
$
-
$
-
$
-
$
17
$
-
$
17
Total credit cards
$
-
$
-
$
-
$
-
$
-
$
-
$
17
$
-
$
17
Year-to-Date gross
write-offs
$
-
$
-
$
-
$
-
$
-
$
-
$
1
$
-
$
1
HELOCs
Substandard
$
-
$
-
$
-
$
-
$
-
$
1,906
$
-
$
1,046
$
2,952
Loss
-
-
-
-
-
99
-
1,034
1,133
Pass
-
-
-
-
-
7,592
40,796
12,552
60,940
Total HELOCs
$
-
$
-
$
-
$
-
$
-
$
9,597
$
40,796
$
14,632
$
65,025
Year-to-Date gross
write-offs
$
-
$
-
$
-
$
-
$
-
$
419
$
-
$
-
$
419
Personal
Substandard
$
327
$
1,183
$
379
$
88
$
121
$
218
$
-
$
-
$
2,316
Loss
69
13
-
-
-
238
-
-
320
Pass
36,704
110,755
28,371
3,750
5,358
1,592
-
-
186,530
Total Personal
$
37,100
$
111,951
$
28,750
$
3,838
$
5,479
$
2,048
$
-
$
-
$
189,166
Year-to-Date gross
write-offs
$
137
$
9,218
$
3,319
$
518
$
758
$
143
$
-
$
-
$
14,093
Other consumer
Substandard
$
-
$
-
$
-
$
-
$
-
$
-
$
402
$
-
$
402
Pass
20
-
-
-
-
-
10,181
-
10,201
Total Other
consumer
$
20
$
-
$
-
$
-
$
-
$
-
$
10,583
$
-
$
10,603
Year-to-Date gross
write-offs
$
-
$
-
$
-
$
-
$
-
$
-
$
143
$
-
$
143
Total Popular U.S.
$
1,050,743
$
2,363,033
$
1,818,140
$
1,211,167
$
919,278
$
2,381,270
$
508,480
$
14,632
$
10,266,743
September 30, 2023
Term Loans
Revolving
Loans
Amortized
Cost Basis
Revolving
Loans
Converted to
Term Loans
Amortized
Cost Basis
Amortized Cost Basis by Origination Year
(In thousands)
2023
2022
2021
2020
2019
Prior
Years
Total
Popular, Inc.
Commercial:
Commercial multi-family
Watch
$
-
$
742
$
-
$
3,672
$
55,396
$
64,235
$
-
$
-
$
124,045
Special Mention
-
-
867
1,178
-
22,498
-
-
24,543
Substandard
-
-
-
-
14,747
19,051
100
-
33,898
Pass
107,177
665,711
390,569
254,521
246,232
477,177
4,560
-
2,145,947
Total commercial
multi-family
$
107,177
$
666,453
$
391,436
$
259,371
$
316,375
$
582,961
$
4,660
$
-
$
2,328,433
Commercial real estate non-owner occupied
Watch
$
2,611
$
5,845
$
19,098
$
23,624
$
25,378
$
86,803
$
-
$
-
$
163,359
Special Mention
652
-
25,120
63
66,616
124,095
3,563
-
220,109
Substandard
19,724
1,356
-
10,355
1,718
29,196
-
-
62,349
Pass
584,967
1,424,496
760,937
609,210
160,746
1,031,953
17,004
-
4,589,313
Total commercial
real estate non-
owner occupied
$
607,954
$
1,431,697
$
805,155
$
643,252
$
254,458
$
1,272,047
$
20,567
$
-
$
5,035,130
Year-to-Date gross
write-offs
$
-
$
-
$
-
$
609
$
-
$
27
$
-
$
-
$
636
Commercial real estate owner occupied
Watch
$
1,673
$
11,674
$
103,789
$
9,198
$
3,578
$
190,373
$
900
$
-
$
321,185
Special Mention
-
16,697
6,082
147,367
7,110
56,907
13,069
-
247,232
Substandard
916
16,448
2,130
324
7,945
121,068
-
-
148,831
Doubtful
-
-
-
-
-
225
-
-
225
Pass
275,269
546,166
556,638
164,584
102,758
663,346
18,671
-
2,327,432
Total commercial
real estate owner
occupied
$
277,858
$
590,985
$
668,639
$
321,473
$
121,391
$
1,031,919
$
32,640
$
-
$
3,044,905
Year-to-Date gross
write-offs
$
-
$
4
$
-
$
-
$
1
$
1,915
$
-
$
-
$
1,920
Commercial and industrial
Watch
$
7,679
$
28,509
$
9,991
$
3,815
$
17,756
$
82,042
$
87,868
$
-
$
237,660
Special Mention
453
4,140
4,623
6,194
2,228
42,462
10,696
-
70,796
Substandard
5,698
2,270
6,666
19,635
3,903
36,038
35,984
-
110,194
Doubtful
-
-
-
54
-
30
-
-
84
Loss
-
-
-
-
-
-
354
-
354
Pass
773,746
965,672
888,811
572,545
308,775
761,543
1,836,902
-
6,107,994
Total commercial
and industrial
$
787,576
$
1,000,591
$
910,091
$
602,243
$
332,662
$
922,115
$
1,971,804
$
-
$
6,527,082
Year-to-Date gross
write-offs
$
1,031
$
405
$
2,134
$
317
$
1,705
$
287
$
2,908
$
-
$
8,787
September 30, 2023
Term Loans
Revolving
Loans
Amortized
Cost Basis
Revolving
Loans
Converted to
Term Loans
Amortized
Cost Basis
Amortized Cost Basis by Origination Year
(In thousands)
2023
2022
2021
2020
2019
Prior
Years
Total
Popular, Inc.
Construction
Watch
$
-
$
17,156
$
27,235
$
-
$
-
$
-
$
20,485
$
-
$
64,876
Special Mention
-
-
-
-
-
34,562
-
-
34,562
Substandard
-
6,578
5,213
5,383
-
2,095
-
-
19,269
Pass
194,543
327,574
155,087
39,962
53,152
1,840
31,247
-
803,405
Total construction
$
194,543
$
351,308
$
187,535
$
45,345
$
53,152
$
38,497
$
51,732
$
-
$
922,112
Year-to-Date gross
write-offs
$
-
$
2,611
$
-
$
-
$
-
$
-
$
-
$
-
$
2,611
Mortgage
Substandard
$
-
$
161
$
515
$
372
$
5,091
$
85,834
$
-
$
-
$
91,973
Pass
612,925
670,193
722,499
500,266
346,532
4,640,723
-
-
7,493,138
Total mortgage
$
612,925
$
670,354
$
723,014
$
500,638
$
351,623
$
4,726,557
$
-
$
-
$
7,585,111
Year-to-Date gross
write-offs
$
-
$
-
$
-
$
-
$
-
$
1,205
$
-
$
-
$
1,205
Leasing
Substandard
$
146
$
2,269
$
1,912
$
923
$
946
$
568
$
-
$
-
$
6,764
Loss
-
48
-
-
29
-
-
-
77
Pass
508,378
522,978
341,119
180,280
101,777
36,741
-
-
1,691,273
Total leasing
$
508,524
$
525,295
$
343,031
$
181,203
$
102,752
$
37,309
$
-
$
-
$
1,698,114
Year-to-Date gross
write-offs
$
391
$
2,638
$
1,871
$
530
$
473
$
346
$
-
$
-
$
6,249
September 30, 2023
Term Loans
Revolving
Loans
Amortized
Cost Basis
Revolving
Loans
Converted to
Term Loans
Amortized
Cost Basis
Amortized Cost Basis by Origination Year
(In thousands)
2023
2022
2021
2020
2019
Prior
Years
Total
Popular, Inc.
Consumer:
Credit cards
Substandard
$
-
$
-
$
-
$
-
$
-
$
-
$
17,717
$
-
$
17,717
Loss
-
-
-
-
-
-
2
-
2
Pass
-
-
-
-
-
-
1,059,709
-
1,059,709
Total credit cards
$
-
$
-
$
-
$
-
$
-
$
-
$
1,077,428
$
-
$
1,077,428
Year-to-Date gross
write-offs
$
-
$
-
$
-
$
-
$
-
$
-
$
27,999
$
-
$
27,999
HELOCs
Substandard
$
-
$
-
$
-
$
-
$
-
$
1,906
$
-
$
1,046
$
2,952
Loss
-
-
-
-
-
99
-
1,034
1,133
Pass
-
-
-
-
-
7,592
43,270
12,552
63,414
Total HELOCs
$
-
$
-
$
-
$
-
$
-
$
9,597
$
43,270
$
14,632
$
67,499
Year-to-Date gross
write-offs
$
-
$
-
$
-
$
-
$
-
$
419
$
111
$
-
$
530
Personal
Substandard
$
1,004
$
5,406
$
2,456
$
692
$
1,338
$
9,072
$
-
$
1,104
$
21,072
Loss
99
23
48
-
25
259
-
-
454
Pass
737,698
673,125
239,102
70,281
76,536
110,638
-
23,262
1,930,642
Total Personal
$
738,801
$
678,554
$
241,606
$
70,973
$
77,899
$
119,969
$
-
$
24,366
$
1,952,168
Year-to-Date gross
write-offs
$
1,192
$
33,085
$
17,292
$
3,913
$
4,592
$
2,448
$
-
$
1,012
$
63,534
Auto
Substandard
$
3,213
$
12,306
$
11,389
$
8,665
$
7,369
$
3,735
$
-
$
-
$
46,677
Loss
11
118
18
55
32
25
-
-
259
Pass
941,464
964,237
770,038
449,165
299,099
162,257
-
-
3,586,260
Total Auto
$
944,688
$
976,661
$
781,445
$
457,885
$
306,500
$
166,017
$
-
$
-
$
3,633,196
Year-to-Date gross
write-offs
$
3,625
$
16,278
$
8,276
$
4,353
$
2,238
$
-
$
-
$
-
$
34,770
Other consumer
Substandard
$
-
$
28
$
-
$
82
$
17
$
1,151
$
669
$
-
$
1,947
Loss
-
-
137
-
-
499
-
-
636
Pass
30,688
24,809
15,498
5,941
3,537
3,843
71,236
-
155,552
Total Other
consumer
$
30,688
$
24,837
$
15,635
$
6,023
$
3,554
$
5,493
$
71,905
$
-
$
158,135
Year-to-Date gross
write-offs
$
20
$
117
$
80
$
133
$
53
$
11,452
$
143
$
-
$
11,998
Total Popular Inc.
$
4,810,734
$
6,916,735
$
5,067,587
$
3,088,406
$
1,920,366
$
8,912,481
$
3,274,006
$
38,998
$
34,029,313
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 BPPR
$
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