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

3 Months Ended

Mar. 31, 2024

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 ended

March 31, 2024 and 2023.

For the quarter ended March 31, 2024

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

$

3,614

$

(48)

$

-

$

-

$

1

$

3,567

Commercial real estate non-owner occupied

53,754

(413)

-

-

325

53,666

Commercial real estate owner occupied

40,637

5,147

-

(2,785)

538

43,537

Commercial and industrial

107,577

376

-

(6,669)

1,560

102,844

Total Commercial

205,582

5,062

-

(9,454)

2,424

203,614

Construction

5,294

(2,180)

-

-

-

3,114

Mortgage

72,440

(319)

17

(765)

5,191

76,564

Leasing

9,708

2,968

-

(4,850)

1,165

8,991

Consumer

 Credit cards

80,487

21,640

-

(16,396)

2,438

88,169

 Home equity lines of credit

103

103

-

(197)

93

102

 Personal

101,181

20,263

-

(24,349)

2,409

99,504

 Auto

157,931

13,371

-

(20,167)

6,321

157,456

 Other

7,132

100

-

(664)

240

6,808

Total Consumer

346,834

55,477

-

(61,773)

11,501

352,039

Total - Loans

$

639,858

$

61,008

$

17

$

(76,842)

$

20,281

$

644,322

Allowance for credit losses - unfunded commitments:

Commercial

$

5,062

$

(120)

$

-

$

-

$

-

$

4,942

Construction

1,618

(177)

-

-

-

1,441

Ending balance - unfunded commitments [1]

$

6,680

$

(297)

$

-

$

-

$

-

$

6,383

[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 March 31, 2024

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

$

10,126

$

(510)

$

(441)

$

1

$

9,176

Commercial real estate non-owner occupied

11,699

195

-

64

11,958

Commercial real estate owner occupied

16,227

4,019

-

24

20,270

Commercial and industrial

14,779

3,203

(564)

156

17,574

Total Commercial

52,831

6,907

(1,005)

245

58,978

Construction

7,392

633

-

-

8,025

Mortgage

10,774

(925)

-

25

9,874

Consumer

 Home equity lines of credit

1,875

(253)

(7)

155

1,770

 Personal

16,609

4,991

(5,712)

685

16,573

 Other

2

25

(31)

6

2

Total Consumer

18,486

4,763

(5,750)

846

18,345

Total - Loans

$

89,483

$

11,378

$

(6,755)

$

1,116

$

95,222

Allowance for credit losses - unfunded commitments:

Commercial

$

1,851

$

691

$

-

$

-

$

2,542

Construction

8,446

(609)

-

-

7,837

Consumer

29

(24)

-

-

5

Ending balance - unfunded commitments [1]

$

10,326

$

58

$

-

$

-

$

10,384

[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 March 31, 2024

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

$

13,740

$

(558)

$

-

$

(441)

$

2

$

12,743

Commercial real estate non-owner occupied

65,453

(218)

-

-

389

65,624

Commercial real estate owner occupied

56,864

9,166

-

(2,785)

562

63,807

Commercial and industrial

122,356

3,579

-

(7,233)

1,716

120,418

Total Commercial

258,413

11,969

-

(10,459)

2,669

262,592

Construction

12,686

(1,547)

-

-

-

11,139

Mortgage

83,214

(1,244)

17

(765)

5,216

86,438

Leasing

9,708

2,968

-

(4,850)

1,165

8,991

Consumer

 Credit cards

80,487

21,640

-

(16,396)

2,438

88,169

 Home equity lines of credit

1,978

(150)

-

(204)

248

1,872

 Personal

117,790

25,254

-

(30,061)

3,094

116,077

 Auto

157,931

13,371

-

(20,167)

6,321

157,456

 Other

7,134

125

-

(695)

246

6,810

Total Consumer

365,320

60,240

-

(67,523)

12,347

370,384

Total - Loans

$

729,341

$

72,386

$

17

$

(83,597)

$

21,397

$

739,544

Allowance for credit losses - unfunded commitments:

Commercial

$

6,913

$

571

$

-

$

-

$

-

$

7,484

Construction

10,064

(786)

-

-

-

9,278

Consumer

29

(24)

-

-

-

5

Ending balance - unfunded commitments [1]

$

17,006

$

(239)

$

-

$

-

$

-

$

16,767

[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 March 31, 2023

BPPR

Impact of

Provision for

Allowance for

Beginning

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

$

5,210

$

-

$

(454)

$

-

$

-

$

-

$

4,756

Commercial real estate non-owner occupied

52,475

-

1,284

-

-

135

53,894

Commercial real estate owner occupied

48,393

(1,161)

(2,730)

-

(3)

1,510

46,009

Commercial and industrial

68,217

(552)

9,819

-

(1,607)

1,165

77,042

Total Commercial

174,295

(1,713)

7,919

-

(1,610)

2,810

181,701

Construction

2,978

-

94

-

-

-

3,072

Mortgage

117,344

(33,556)

1,267

68

(846)

4,800

89,077

Leasing

20,618

(35)

734

-

(1,417)

1,090

20,990

Consumer

 Credit cards

58,670

-

15,570

-

(8,676)

2,389

67,953

 Home equity lines of credit

103

-

(39)

-

(33)

69

100

 Personal

96,369

(7,020)

11,104

-

(13,580)

1,535

88,408

 Auto

129,735

(21)

8,319

-

(12,118)

4,914

130,829

 Other

15,433

-

235

-

(11,007)

216

4,877

Total Consumer

300,310

(7,041)

35,189

-

(45,414)

9,123

292,167

Total - Loans

$

615,545

$

(42,345)

$

45,203

$

68

$

(49,287)

$

17,823

$

587,007

Allowance for credit losses - unfunded commitments:

Commercial

$

4,336

$

-

$

564

$

-

$

-

$

-

$

4,900

Construction

2,022

-

(76)

-

-

-

1,946

Ending balance - unfunded commitments [1]

$

6,358

$

-

$

488

$

-

$

-

$

-

$

6,846

[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 March 31, 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

$

-

$

(493)

$

-

$

2

$

20,610

Commercial real estate non-owner occupied

19,065

-

(2,961)

-

1,852

17,956

Commercial real estate owner occupied

8,688

-

(224)

-

24

8,488

Commercial and industrial

12,227

-

2,528

(499)

968

15,224

Total Commercial

61,081

-

(1,150)

(499)

2,846

62,278

Construction

1,268

-

(10)

-

-

1,258

Mortgage

17,910

(2,098)

(426)

-

14

15,400

Consumer

 Credit cards

-

-

1

(1)

-

-

 Home equity lines of credit

2,439

-

(712)

(143)

269

1,853

 Personal

22,057

(1,140)

4,191

(4,170)

383

21,321

 Other

2

-

49

(53)

5

3

Total Consumer

24,498

(1,140)

3,529

(4,367)

657

23,177

Total - Loans

$

104,757

$

(3,238)

$

1,943

$

(4,866)

$

3,517

$

102,113

Allowance for credit losses - unfunded commitments:

Commercial

$

1,175

$

-

$

54

$

-

$

-

$

1,229

Construction

1,184

-

94

-

-

1,278

Consumer

88

-

(26)

-

-

62

Ending balance - unfunded commitments [1]

$

2,447

$

-

$

122

$

-

$

-

$

2,569

[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 March 31, 2023

Popular Inc.

Impact of

Provision for

Allowance for

Beginning

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

$

-

$

(947)

$

-

$

-

$

2

$

25,366

Commercial real estate non-owner occupied

71,540

-

(1,677)

-

-

1,987

71,850

Commercial real estate owner occupied

57,081

(1,161)

(2,954)

-

(3)

1,534

54,497

Commercial and industrial

80,444

(552)

12,347

-

(2,106)

2,133

92,266

Total Commercial

235,376

(1,713)

6,769

-

(2,109)

5,656

243,979

Construction

4,246

-

84

-

-

-

4,330

Mortgage

135,254

(35,654)

841

68

(846)

4,814

104,477

Leasing

20,618

(35)

734

-

(1,417)

1,090

20,990

Consumer

 Credit cards

58,670

-

15,571

-

(8,677)

2,389

67,953

 Home equity lines of credit

2,542

-

(751)

-

(176)

338

1,953

 Personal

118,426

(8,160)

15,295

-

(17,750)

1,918

109,729

 Auto

129,735

(21)

8,319

-

(12,118)

4,914

130,829

 Other

15,435

-

284

-

(11,060)

221

4,880

Total Consumer

324,808

(8,181)

38,718

-

(49,781)

9,780

315,344

Total - Loans

$

720,302

$

(45,583)

$

47,146

$

68

$

(54,153)

$

21,340

$

689,120

Allowance for credit losses - unfunded commitments:

Commercial

$

5,511

$

-

$

618

$

-

$

-

$

-

$

6,129

Construction

3,206

-

18

-

-

-

3,224

Consumer

88

-

(26)

-

-

-

62

Ending balance - unfunded commitments [1]

$

8,805

$

-

$

610

$

-

$

-

$

-

$

9,415

[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 quarters ended March 31,

2024 and March 31, 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 March 31,2024

Interest Rate Reduction

BPPR

Popular U.S.

Popular, Inc.

(In thousands)

Amortized Cost

Basis at March

31,2024

% of total class

of Financing

Receivable

Amortized Cost

Basis at March

31,2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at March

31,2024

% of total class of

Financing

Receivable

Commercial and industrial

$

387

0.01

%

$

-

-

%

$

387

0.01

%

Consumer:

 Credit cards

129

0.01

%

-

-

%

129

0.01

%

 Personal

243

0.01

%

-

-

%

243

0.01

%

Total

$

759

-

%

$

-

-

%

$

759

-

%

Term Extension

BPPR

Popular U.S.

Popular, Inc.

(In thousands)

Amortized Cost

Basis at March

31,2024

% of total class

of Financing

Receivable

Amortized Cost

Basis at March

31,2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at March

31,2024

% of total class of

Financing

Receivable

CRE non-owner occupied

$

36,718

1.23

%

$

-

-

%

$

36,718

0.73

%

CRE owner occupied

16,366

1.15

%

-

-

%

16,366

0.52

%

Commercial and industrial

2,494

0.05

%

-

-

%

2,494

0.04

%

Mortgage

12,979

0.20

%

-

-

%

12,979

0.17

%

Consumer:

 Personal

199

0.01

%

5

-

%

204

0.01

%

Total

$

68,756

0.28

%

$

5

-

%

$

68,761

0.20

%

Other-Than-Insignificant Payment Delays

BPPR

Popular U.S.

Popular, Inc.

(In thousands)

Amortized Cost

Basis at March

31,2024

% of total class

of Financing

Receivable

Amortized Cost

Basis at March

31,2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at March

31,2024

% of total class of

Financing

Receivable

CRE owner occupied

$

10,312

0.72

%

$

-

-

%

$

10,312

0.33

%

Commercial and industrial

5,920

0.12

%

-

-

%

5,920

0.08

%

Total

$

16,232

0.07

%

$

-

-

%

$

16,232

0.05

%

Combination - Term extension and Interest Rate Reduction

BPPR

Popular U.S.

Popular, Inc.

(In thousands)

Amortized Cost

Basis at March

31,2024

% of total class

of Financing

Receivable

Amortized Cost

Basis at March

31,2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at March

31,2024

% of total class of

Financing

Receivable

CRE non-owner occupied

$

891

0.03

%

$

-

-

%

$

891

0.02

%

Commercial and industrial

101

-

%

-

-

%

101

-

%

Mortgage

3,422

0.05

%

38

-

%

3,460

0.04

%

Consumer:

 Personal

1,056

0.06

%

145

0.10

%

1,201

0.06

%

Total

$

5,470

0.02

%

$

183

-

%

$

5,653

0.02

%

Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction

Puerto Rico

Popular U.S.

Popular, Inc.

(In thousands)

Amortized Cost

Basis at March

31,2024

% of total class

of Financing

Receivable

Amortized Cost

Basis at March

31,2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at March

31,2024

% of total class of

Financing

Receivable

Commercial and industrial

$

16

-

%

$

-

-

%

$

16

-

%

Consumer:

 Credit cards

315

0.03

%

-

-

%

315

0.03

%

Total

$

331

-

%

$

-

-

%

$

331

-

%

Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the quarter ended March 31,2023

Interest Rate Reduction

BPPR

Popular U.S.

Popular, Inc.

(In thousands)

Amortized Cost

Basis at March

31,2023

% of total class

of Financing

Receivable

Amortized Cost

Basis at March

31,2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at March

31,2023

% of total class of

Financing

Receivable

Mortgage

$

227

-

%

$

-

-

%

$

227

-

%

Consumer:

 Credit cards

497

0.05

%

-

-

%

497

0.05

%

 Personal

172

0.01

%

-

-

%

172

0.01

%

 Other

3

-

%

-

-

%

3

-

%

Total

$

899

-

%

$

-

-

%

$

899

-

%

Term Extension

BPPR

Popular U.S.

Popular, Inc.

(In thousands)

Amortized Cost

Basis at March

31,2023

% of total class

of Financing

Receivable

Amortized Cost

Basis at March

31,2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at March

31,2023

% of total class of

Financing

Receivable

CRE owner occupied

$

1,754

0.12

%

$

-

-

%

$

1,754

0.06

%

Commercial and industrial

3,705

0.09

%

-

-

%

3,705

0.06

%

Construction

-

-

%

3,518

0.65

%

3,518

0.50

%

Mortgage

14,521

0.24

%

1,853

0.14

%

16,374

0.22

%

Consumer:

 Personal

26

-

%

54

0.02

%

80

-

%

Total

$

20,006

0.09

%

$

5,425

0.06

%

$

25,431

0.08

%

Other-Than-Insignificant Payment Delays

BPPR

Popular U.S.

Popular, Inc.

(In thousands)

Amortized Cost

Basis at March

31,2023

% of total class

of Financing

Receivable

Amortized Cost

Basis at March

31,2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at March

31,2023

% of total class of

Financing

Receivable

CRE non-owner occupied

$

1,751

0.06

%

$

-

-

%

$

1,751

0.04

%

CRE owner occupied

13,156

0.88

%

13,744

0.90

%

26,900

0.89

%

Commercial and industrial

1,411

0.04

%

864

0.04

%

2,275

0.04

%

Consumer:

 Other

33

0.03

%

-

-

%

33

0.02

%

Total

$

16,351

0.07

%

$

14,608

0.15

%

$

30,959

0.10

%

Combination - Term extension and Interest Rate Reduction

BPPR

Popular U.S.

Popular, Inc.

(In thousands)

Amortized Cost

Basis at March

31,2023

% of total class

of Financing

Receivable

Amortized Cost

Basis at March

31,2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at March

31,2023

% of total class of

Financing

Receivable

CRE owner occupied

$

101

0.01

%

$

-

-

%

$

101

-

%

Mortgage

10,473

0.17

%

328

0.03

%

10,801

0.15

%

Consumer:

 Personal

422

0.03

%

-

-

%

422

0.02

%

 Auto

29

-

%

-

-

%

29

-

%

Total

$

11,025

0.05

%

$

328

-

%

$

11,353

0.04

%

The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulties:

For the quarter ended March 31, 2024

Interest rate reduction

Loan Type

Financial Effect

CRE Non-owner occupied

Reduced weighted-average contractual interest rate from

10.13

% to

8.25

%.

Commercial and industrial

Reduced weighted-average contractual interest rate from

25.53

% to

9.83

%.

Mortgage

Reduced weighted-average contractual interest rate from

5.88

% to

4.5

0%.

Consumer:

Credit cards

Reduced weighted-average contractual interest rate from

21.05

% to

6.23

%.

Personal

Reduced weighted-average contractual interest rate from

18.06

% to

9.68

%.

Term extension

Loan Type

Financial Effect

CRE Non-owner occupied

Added a weighted-average of

1

 year to the life of loans.

CRE Owner occupied

Added a weighted-average of

6

 months to the life of loans.

Commercial and industrial

Added a weighted-average of

9

 months to the life of loans.

Mortgage

Added a weighted-average of

12

 years to the life of loans.

Consumer:

Personal

Added a weighted-average of

11

 years to the life of loans.

Other than insignificant payment delay

Loan Type

Financial Effect

CRE Owner occupied

Added a weighted-average of

12

 months to the life of loans.

Commercial and industrial

Added a weighted-average of

8

 months to the life of loans.

Consumer:

Credit cards

Added a weighted-average of

23

 months to the life of loans.

For the quarter ended March 31, 2023

Interest rate reduction

Loan Type

Financial Effect

CRE Owner occupied

Reduced weighted-average contractual interest rate from

6.00

% to

5.25

%.

Mortgage

Reduced weighted-average contractual interest rate from

5.69

% to

4.17

%.

Consumer:

Credit cards

Reduced weighted-average contractual interest rate from

17.76

% to

4.47

%.

Personal

Reduced weighted-average contractual interest rate from

16.97

% to

9.11

%.

Auto

Reduced weighted-average contractual interest rate from

12.64

% to

12.62

%.

Other

Reduced weighted-average contractual interest rate from

17.99

% to

0

%.

Term extension

Loan Type

Financial Effect

CRE Owner occupied

Added a weighted-average of

2

 years to the life of loans.

Commercial and industrial

Added a weighted-average of

5

 months to the life of loans.

Construction

Added a weighted-average of

6

 months to the life of loans.

Mortgage

Added a weighted-average of

10

 years to the life of loans.

Consumer:

Personal

Added a weighted-average of

6

 years to the life of loans.

Auto

Added a weighted-average of

2

 years to the life of loans.

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

7

 months to the life of loans.

Commercial and industrial

Added a weighted-average of

9

 months to the life of loans.

Consumer:

Other

Added a weighted-average of

11

 months to the life of loans.

The following tables present, by class, the performance of loans that have been modified during the twelve months preceding March

31, 2024.

BPPR

 March 31, 2024

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

Commercial multi-family

$

-

$

-

$

65

$

65

$

-

$

65

$

-

$

65

CRE non-owner occupied

179

3,278

2,918

6,375

60,491

66,866

-

2,918

CRE owner occupied

811

-

1,969

2,780

189,327

192,107

537

1,432

Commercial and industrial

626

-

16,492

17,118

32,511

49,629

2,774

13,718

Mortgage

5,970

3,954

23,151

33,075

49,225

82,300

3,525

19,626

Consumer:

 Credit cards

126

31

223

380

1,017

1,397

159

64

 Personal

42

105

1,058

1,205

3,071

4,276

51

1,007

 Auto

-

-

13

13

71

84

-

13

 Other

-

-

-

-

3

3

-

-

Total

$

7,754

$

7,368

$

45,889

$

61,011

$

335,716

$

396,727

$

7,046

$

38,843

[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.

 March 31, 2024

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

$

-

$

-

$

-

$

-

$

57,550

$

57,550

$

-

$

-

Mortgage

-

-

324

324

3,403

3,727

-

324

Consumer:

 Personal

-

-

160

160

124

284

-

160

Total

$

-

$

-

$

484

$

484

$

61,077

$

61,561

$

-

$

484

[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.

 March 31, 2024

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

Commercial multi-family

$

-

$

-

$

65

$

65

$

-

$

65

$

-

$

65

CRE non-owner occupied

179

3,278

2,918

6,375

60,491

66,866

-

2,918

CRE owner occupied

811

-

1,969

2,780

246,877

249,657

537

1,432

Commercial and industrial

626

-

16,492

17,118

32,511

49,629

2,774

13,718

Mortgage

5,970

3,954

23,475

33,399

52,628

86,027

3,525

19,950

Consumer:

 Credit cards

126

31

223

380

1,017

1,397

159

64

 Personal

42

105

1,218

1,365

3,195

4,560

51

1,167

 Auto

-

-

13

13

71

84

-

13

 Other

-

-

-

-

3

3

-

-

Total

$

7,754

$

7,368

$

46,373

$

61,495

$

396,793

$

458,288

$

7,046

$

39,327

[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.

BPPR

 March 31, 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

$

-

$

-

$

-

$

-

$

1,751

$

1,751

$

-

$

-

CRE owner occupied

-

-

1,803

1,803

13,208

15,011

209

1,594

Commercial and industrial

-

-

142

142

4,974

5,116

28

114

Mortgage

1,202

180

7,518

8,900

16,321

25,221

-

7,518

Consumer:

 Credit cards

21

46

96

163

334

497

96

-

 Personal

6

-

232

238

382

620

-

232

 Auto

-

-

-

-

29

29

-

-

 Other

-

-

33

33

3

36

-

33

Total

$

1,229

$

226

$

9,824

$

11,279

$

37,002

$

48,281

$

333

$

9,491

[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.

 March 31, 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

$

-

$

-

$

-

$

-

$

13,744

$

13,744

$

-

$

-

Commercial and industrial

-

-

-

-

864

864

-

-

Construction

-

-

-

-

3,518

3,518

-

-

Mortgage

-

-

104

104

2,077

2,181

-

104

Consumer:

 Personal

-

-

54

54

-

54

-

54

Total

$

-

$

-

$

158

$

158

$

20,203

$

20,361

$

-

$

158

[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.

 March 31, 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

$

-

$

-

$

-

$

-

$

1,751

$

1,751

$

-

$

-

CRE owner occupied

-

-

1,803

1,803

26,952

28,755

209

1,594

Commercial and industrial

-

-

142

142

5,838

5,980

28

114

Construction

-

-

-

-

3,518

3,518

-

-

Mortgage

1,202

180

7,622

9,004

18,398

27,402

-

7,622

Consumer:

 Credit cards

21

46

96

163

334

497

96

-

 Personal

6

-

286

292

382

674

-

286

 Auto

-

-

-

-

29

29

-

-

 Other

-

-

33

33

3

36

-

33

Total

$

1,229

$

226

$

9,982

$

11,437

$

57,205

$

68,642

$

333

$

9,649

[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.

Financing Receivable Credit Quality Indicators

March 31, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior 

Years

Total

BPPR

Commercial:

Commercial multi-family

Pass

$

41,585

$

37,808

$

138,013

$

21,271

$

20,401

$

28,387

$

-

$

-

$

287,465

Watch

-

-

-

-

-

6,112

-

-

6,112

Special Mention

-

-

554

-

-

4,743

-

-

5,297

Substandard

-

-

-

-

-

4,777

-

-

4,777

Total commercial

multi-family

$

41,585

$

37,808

$

138,567

$

21,271

$

20,401

$

44,019

$

-

$

-

$

303,651

Commercial real estate non-owner occupied

Pass

$

24,000

$

308,584

$

854,075

$

558,216

$

356,421

$

594,172

$

3,896

$

-

$

2,699,364

Watch

-

2,590

727

5,144

21,840

39,832

-

-

70,133

Special Mention

-

42,111

6,879

24,626

-

73,034

-

-

146,650

Substandard

-

1,011

1,260

179

2,164

71,074

4,650

-

80,338

Total commercial

real estate non-

owner occupied

$

24,000

$

354,296

$

862,941

$

588,165

$

380,425

$

778,112

$

8,546

$

-

$

2,996,485

Commercial real estate owner occupied

Pass

$

56,699

$

94,564

$

154,134

$

224,909

$

49,919

$

369,657

$

8,083

$

-

$

957,965

Watch

249

1,965

44,450

9,048

4,556

61,509

1,003

-

122,780

Special Mention

-

942

21,683

20,611

1,101

41,356

-

-

85,693

Substandard

161

1,238

15,848

4,962

142,903

80,416

14,017

-

259,545

Doubtful

-

-

-

-

-

109

-

-

109

Total commercial

real estate owner

occupied

$

57,109

$

98,709

$

236,115

$

259,530

$

198,479

$

553,047

$

23,103

$

-

$

1,426,092

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

2,785

$

-

$

-

$

2,785

Commercial and industrial

Pass

$

142,966

$

975,917

$

627,072

$

339,891

$

236,641

$

368,158

$

1,202,822

$

-

$

3,893,467

Watch

4,012

66,951

55,844

162,005

3,730

77,782

216,159

-

586,483

Special Mention

423

5,472

36,829

260

2,867

41,837

73,721

-

161,409

Substandard

418

1,051

2,182

8,570

15,962

31,756

43,282

-

103,221

Doubtful

-

-

-

-

54

32

-

-

86

Loss

-

-

-

-

-

-

457

-

457

Total commercial

and industrial

$

147,819

$

1,049,391

$

721,927

$

510,726

$

259,254

$

519,565

$

1,536,441

$

-

$

4,745,123

Year-to-Date gross

write-offs

$

124

$

-

$

58

$

-

$

24

$

5,131

$

1,332

$

-

$

6,669

Construction

Pass

$

-

$

29,488

$

24,618

$

19,243

$

10,696

$

1,766

$

37,970

$

-

$

123,781

Watch

-

-

17,187

11,801

-

-

$

8,917

-

37,905

Special Mention

-

-

-

1,038

-

-

-

-

1,038

Total construction

$

-

$

29,488

$

41,805

$

32,082

$

10,696

$

1,766

$

46,887

$

-

$

162,724

Mortgage

Pass

$

192,679

$

759,057

$

432,327

$

415,791

$

255,350

$

4,355,912

$

-

$

-

$

6,411,116

Substandard

-

1,181

319

379

350

70,206

-

-

72,435

Total mortgage

$

192,679

$

760,238

$

432,646

$

416,170

$

255,700

$

4,426,118

$

-

$

-

$

6,483,551

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

765

$

-

$

-

$

765

March 31, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior 

Years

Total

BPPR

Leasing

Pass

$

210,843

$

570,183

$

456,718

$

287,444

$

148,154

$

84,804

$

-

$

-

$

1,758,146

Substandard

-

902

1,980

2,580

578

1,129

-

-

7,169

Loss

-

81

-

-

-

17

-

-

98

Total leasing

$

210,843

$

571,166

$

458,698

$

290,024

$

148,732

$

85,950

$

-

$

-

$

1,765,413

Year-to-Date gross

write-offs

$

42

$

1,071

$

1,966

$

1,082

$

238

$

451

$

-

$

-

$

4,850

Consumer:

Credit cards

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

1,118,278

$

-

$

1,118,278

Substandard

-

-

-

-

-

-

23,837

-

23,837

Loss

-

-

-

-

-

-

21

-

21

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

1,142,136

$

-

$

1,142,136

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

16,396

$

-

$

16,396

HELOCs

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

2,562

$

-

$

2,562

Substandard

-

-

-

-

-

-

7

-

7

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

-

$

2,569

$

-

$

2,569

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

197

$

-

$

197

Personal

Pass

$

200,218

$

745,798

$

417,333

$

158,860

$

48,662

$

134,930

$

-

$

21,077

$

1,726,878

Substandard

-

2,864

4,243

1,551

472

9,452

-

1,033

19,615

Total Personal

$

200,218

$

748,662

$

421,576

$

160,411

$

49,134

$

144,382

$

-

$

22,110

$

1,746,493

Year-to-Date gross

write-offs

$

-

$

6,810

$

11,488

$

3,295

$

880

$

1,403

$

-

$

473

$

24,349

Auto

Pass

$

342,983

$

1,145,262

$

840,316

$

654,624

$

366,598

$

307,952

$

-

$

-

$

3,657,735

Substandard

119

9,989

12,762

10,704

7,415

8,008

-

-

48,997

Loss

-

68

27

19

-

8

-

-

122

Total Auto

$

343,102

$

1,155,319

$

853,105

$

665,347

$

374,013

$

315,968

$

-

$

-

$

3,706,854

Year-to-Date gross

write-offs

$

114

$

9,028

$

5,738

$

3,008

$

1,521

$

758

$

-

$

-

$

20,167

Other consumer

Pass

$

8,302

$

35,338

$

22,941

$

13,787

$

5,252

$

5,716

$

61,379

$

-

$

152,715

Substandard

-

244

24

-

44

81

307

-

700

Loss

-

-

-

-

-

263

-

-

263

Total Other

consumer

$

8,302

$

35,582

$

22,965

$

13,787

$

5,296

$

6,060

$

61,686

$

-

$

153,678

Year-to-Date gross

write-offs

$

-

$

34

$

50

$

29

$

93

$

458

$

-

$

-

$

664

Total BPPR

$

1,225,657

$

4,840,659

$

4,190,345

$

2,957,513

$

1,702,130

$

6,874,987

$

2,821,368

$

22,110

$

24,634,769

March 31, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior

Years

Total

Popular U.S.

Commercial:

Commercial multi-family

Pass

$

34

$

165,837

$

436,312

$

341,089

$

165,978

$

592,171

$

5,334

$

-

$

1,706,755

Watch

-

-

101,958

19,914

67,303

149,375

-

-

338,550

Special Mention

-

-

-

858

-

2,192

-

-

3,050

Substandard

-

-

-

-

-

32,629

-

-

32,629

Total commercial

multi-family

$

34

$

165,837

$

538,270

$

361,861

$

233,281

$

776,367

$

5,334

$

-

$

2,080,984

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

441

$

-

$

-

$

441

Commercial real estate non-owner occupied

Pass

$

6,741

$

396,376

$

493,557

$

168,986

$

214,339

$

503,436

$

11,254

$

-

$

1,794,689

Watch

-

-

17,023

33,260

29,093

94,339

-

-

173,715

Special Mention

-

-

-

2,406

-

64,664

-

-

67,070

Substandard

-

-

2,708

2,790

7,995

11,607

-

-

25,100

Total commercial

real estate non-

owner occupied

$

6,741

$

396,376

$

513,288

$

207,442

$

251,427

$

674,046

$

11,254

$

-

$

2,060,574

Commercial real estate owner occupied

Pass

$

36,651

$

302,989

$

245,911

$

225,998

$

57,688

$

250,846

$

4,951

$

-

$

1,125,034

Watch

-

-

38,795

27,687

51,281

102,480

3,972

-

224,215

Special Mention

-

-

34,633

131,309

4,922

11,152

-

-

182,016

Substandard

-

-

28,593

2,413

-

129,481

-

-

160,487

Total commercial

real estate owner

occupied

$

36,651

$

302,989

$

347,932

$

387,407

$

113,891

$

493,959

$

8,923

$

-

$

1,691,752

Commercial and industrial

Pass

$

41,163

$

218,204

$

301,833

$

337,350

$

249,043

$

511,963

$

310,873

$

-

$

1,970,429

Watch

25

184

39,927

46,133

57,607

112,073

20,338

-

276,287

Special Mention

-

196

6,065

902

21

433

14,865

-

22,482

Substandard

914

1,057

427

132

2,779

2,214

3,639

-

11,162

Total commercial

and industrial

$

42,102

$

219,641

$

348,252

$

384,517

$

309,450

$

626,683

$

349,715

$

-

$

2,280,360

Year-to-Date gross

write-offs

$

-

$

-

$

190

$

272

$

5

$

44

$

53

$

-

$

564

Construction

Pass

$

17,234

$

348,577

$

230,756

$

82,615

$

-

$

38,754

$

15,733

$

-

$

733,669

Watch

-

-

31,690

14,210

-

8,118

-

-

54,018

Special Mention

-

2,168

13,466

-

-

-

-

-

15,634

Substandard

-

-

-

8,825

-

-

34,433

-

43,258

Total construction

$

17,234

$

350,745

$

275,912

$

105,650

$

-

$

46,872

$

50,166

$

-

$

846,579

Mortgage

Pass

$

23,480

$

93,943

$

225,010

$

283,981

$

230,999

$

414,626

$

-

$

-

$

1,272,039

Substandard

-

-

235

-

645

27,192

-

-

28,072

Total mortgage

$

23,480

$

93,943

$

225,245

$

283,981

$

231,644

$

441,818

$

-

$

-

$

1,300,111

March 31, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior

Years

Total

Popular U.S.

Consumer:

Credit cards

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

17

$

-

$

17

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

17

$

-

$

17

HELOCs

Pass

$

-

$

-

$

-

$

-

$

-

$

6,878

$

40,955

$

12,329

$

60,162

Substandard

-

-

-

-

-

1,816

-

1,280

3,096

Loss

-

-

-

-

-

99

-

791

890

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

8,793

$

40,955

$

14,400

$

64,148

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

7

$

-

$

-

$

7

Personal

Pass

$

8,545

$

36,778

$

78,649

$

18,867

$

2,167

$

3,441

$

-

$

-

$

148,447

Substandard

-

506

956

201

40

366

-

-

2,069

Loss

-

-

-

-

-

1

-

-

1

Total Personal

$

8,545

$

37,284

$

79,605

$

19,068

$

2,207

$

3,808

$

-

$

-

$

150,517

Year-to-Date gross

write-offs

$

-

$

545

$

3,701

$

873

$

62

$

531

$

-

$

-

$

5,712

Other consumer

Pass

$

18

$

-

$

-

$

-

$

-

$

-

$

8,908

$

-

$

8,926

Loss

-

-

-

-

-

-

1

-

1

Total Other

consumer

$

18

$

-

$

-

$

-

$

-

$

-

$

8,909

$

-

$

8,927

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

31

$

-

$

31

Total Popular U.S.

$

134,805

$

1,566,815

$

2,328,504

$

1,749,926

$

1,141,900

$

3,072,346

$

475,273

$

14,400

$

10,483,969

March 31, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior

Years

Total

Popular, Inc.

Commercial:

Commercial multi-family

Pass

$

41,619

$

203,645

$

574,325

$

362,360

$

186,379

$

620,558

$

5,334

$

-

$

1,994,220

Watch

-

-

101,958

19,914

67,303

155,487

-

-

344,662

Special Mention

-

-

554

858

-

6,935

-

-

8,347

Substandard

-

-

-

-

-

37,406

-

-

37,406

Total commercial

multi-family

$

41,619

$

203,645

$

676,837

$

383,132

$

253,682

$

820,386

$

5,334

$

-

$

2,384,635

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

441

$

-

$

-

$

441

Commercial real estate non-owner occupied

Pass

$

30,741

$

704,960

$

1,347,632

$

727,202

$

570,760

$

1,097,608

$

15,150

$

-

$

4,494,053

Watch

-

2,590

17,750

38,404

50,933

134,171

-

-

243,848

Special Mention

-

42,111

6,879

27,032

-

137,698

-

-

213,720

Substandard

-

1,011

3,968

2,969

10,159

82,681

4,650

-

105,438

Total commercial

real estate non-

owner occupied

$

30,741

$

750,672

$

1,376,229

$

795,607

$

631,852

$

1,452,158

$

19,800

$

-

$

5,057,059

Commercial real estate owner occupied

Pass

$

93,350

$

397,553

$

400,045

$

450,907

$

107,607

$

620,503

$

13,034

$

-

$

2,082,999

Watch

249

1,965

83,245

36,735

55,837

163,989

4,975

-

346,995

Special Mention

-

942

56,316

151,920

6,023

52,508

-

-

267,709

Substandard

161

1,238

44,441

7,375

142,903

209,897

14,017

-

420,032

Doubtful

-

-

-

-

-

109

-

-

109

Total commercial

real estate owner

occupied

$

93,760

$

401,698

$

584,047

$

646,937

$

312,370

$

1,047,006

$

32,026

$

-

$

3,117,844

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

2,785

$

-

$

-

$

2,785

Commercial and industrial

Pass

$

184,129

$

1,194,121

$

928,905

$

677,241

$

485,684

$

880,121

$

1,513,695

$

-

$

5,863,896

Watch

4,037

67,135

95,771

$

208,138

$

61,337

$

189,855

$

236,497

$

-

$

862,770

Special Mention

423

5,668

42,894

1,162

2,888

42,270

88,586

-

183,891

Substandard

1,332

2,108

2,609

8,702

18,741

33,970

46,921

-

114,383

Doubtful

-

-

-

-

54

32

-

-

86

Loss

-

-

-

-

-

-

457

-

457

Total commercial

and industrial

$

189,921

$

1,269,032

$

1,070,179

$

895,243

$

568,704

$

1,146,248

$

1,886,156

$

-

$

7,025,483

Year-to-Date gross

write-offs

$

124

$

-

$

248

$

272

$

29

$

5,175

$

1,385

$

-

$

7,233

March 31, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior

Years

Total

Popular, Inc.

Construction

Pass

$

17,234

$

378,065

$

255,374

$

101,858

$

10,696

$

40,520

$

53,703

$

-

$

857,450

Watch

-

-

48,877

26,011

-

8,118

8,917

-

91,923

Special Mention

-

2,168

13,466

1,038

-

-

-

-

16,672

Substandard

-

-

-

8,825

-

-

34,433

-

43,258

Total construction

$

17,234

$

380,233

$

317,717

$

137,732

$

10,696

$

48,638

$

97,053

$

-

$

1,009,303

Mortgage

Pass

$

216,159

$

853,000

$

657,337

$

699,772

$

486,349

$

4,770,538

$

-

$

-

$

7,683,155

Substandard

-

1,181

554

379

995

97,398

-

-

100,507

Total mortgage

$

216,159

$

854,181

$

657,891

$

700,151

$

487,344

$

4,867,936

$

-

$

-

$

7,783,662

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

765

$

-

$

-

$

765

Leasing

Pass

$

210,843

$

570,183

$

456,718

$

287,444

$

148,154

$

84,804

$

-

$

-

$

1,758,146

Substandard

-

902

1,980

2,580

578

1,129

-

-

7,169

Loss

-

81

-

-

-

17

-

-

98

Total leasing

$

210,843

$

571,166

$

458,698

$

290,024

$

148,732

$

85,950

$

-

$

-

$

1,765,413

Year-to-Date gross

write-offs

$

42

$

1,071

$

1,966

$

1,082

$

238

$

451

$

-

$

-

$

4,850

March 31, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior

Years

Total

Popular, Inc.

Consumer:

Credit cards

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

1,118,295

$

-

$

1,118,295

Substandard

-

-

-

-

-

-

23,837

-

23,837

Loss

-

-

-

-

-

-

21

-

21

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

1,142,153

$

-

$

1,142,153

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

16,396

$

-

$

16,396

HELOCs

Pass

$

-

$

-

$

-

$

-

$

-

$

6,878

$

43,517

$

12,329

$

62,724

Substandard

-

-

-

-

-

1,816

7

1,280

3,103

Loss

-

-

-

-

-

99

-

791

890

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

8,793

$

43,524

$

14,400

$

66,717

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

7

$

197

$

-

$

204

Personal

Pass

$

208,763

$

782,576

$

495,982

$

177,727

$

50,829

$

138,371

$

-

$

21,077

$

1,875,325

Substandard

-

3,370

5,199

1,752

512

9,818

-

1,033

21,684

Loss

-

-

-

-

-

1

-

-

1

Total Personal

$

208,763

$

785,946

$

501,181

$

179,479

$

51,341

$

148,190

$

-

$

22,110

$

1,897,010

Year-to-Date gross

write-offs

$

-

$

7,355

$

15,189

$

4,168

$

942

$

1,934

$

-

$

473

$

30,061

Auto

Pass

$

342,983

$

1,145,262

$

840,316

$

654,624

$

366,598

$

307,952

$

-

$

-

$

3,657,735

Substandard

119

9,989

12,762

10,704

7,415

8,008

-

-

48,997

Loss

-

68

27

19

-

8

-

-

122

Total Auto

$

343,102

$

1,155,319

$

853,105

$

665,347

$

374,013

$

315,968

$

-

$

-

$

3,706,854

Year-to-Date gross

write-offs

$

114

$

9,028

$

5,738

$

3,008

$

1,521

$

758

$

-

$

-

$

20,167

Other consumer

Pass

$

8,320

$

35,338

$

22,941

$

13,787

$

5,252

$

5,716

$

70,287

$

-

$

161,641

Substandard

-

244

24

-

44

81

307

-

700

Loss

-

-

-

-

-

263

1

-

264

Total Other

consumer

$

8,320

$

35,582

$

22,965

$

13,787

$

5,296

$

6,060

$

70,595

$

-

$

162,605

Year-to-Date gross

write-offs

$

-

$

34

$

50

$

29

$

93

$

458

$

31

$

-

$

695

Total Popular Inc.

$

1,360,462

$

6,407,474

$

6,518,849

$

4,707,439

$

2,844,030

$

9,947,333

$

3,296,641

$

36,510

$

35,118,738

December 31, 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

Pass

$

37,976

$

138,619

$

21,334

$

20,487

$

32,554

$

24,248

$

306

$

-

$

275,524

Watch

-

-

-

-

1,068

5,179

-

-

6,247

Special Mention

-

559

-

-

-

4,780

-

-

5,339

Substandard

-

-

-

-

-

4,832

-

-

4,832

Total commercial

multi-family

$

37,976

$

139,178

$

21,334

$

20,487

$

33,622

$

39,039

$

306

$

-

$

291,942

Commercial real estate non-owner occupied

Pass

$

305,243

$

871,191

$

560,785

$

359,853

$

41,262

$

563,794

$

7,042

$

-

$

2,709,170

Watch

1,959

882

5,205

22,211

5,938

27,015

-

-

63,210

Special Mention

43,020

5,413

24,730

-

15,843

68,368

-

-

157,374

Substandard

1,016

1,307

180

2,231

53,729

12,968

4,069

-

75,500

Total commercial

real estate non-

owner occupied

$

351,238

$

878,793

$

590,900

$

384,295

$

116,772

$

672,145

$

11,111

$

-

$

3,005,254

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

609

$

-

$

521

$

-

$

-

$

1,130

Commercial real estate owner occupied

Pass

$

92,234

$

155,819

$

227,246

$

51,038

$

24,184

$

357,429

$

9,146

$

-

$

917,096

Watch

2,947

45,106

9,913

4,285

5,017

62,217

1,000

-

130,485

Special Mention

-

16,860

20,741

1,462

887

44,069

-

-

84,019

Substandard

1,316

15,710

5,080

143,696

845

87,383

12,617

-

266,647

Doubtful

-

-

-

-

-

136

-

-

136

Total commercial

real estate owner

occupied

$

96,497

$

233,495

$

262,980

$

200,481

$

30,933

$

551,234

$

22,763

$

-

$

1,398,383

Year-to-Date gross

write-offs

$

-

$

4

$

-

$

-

$

1

$

4,432

$

-

$

-

$

4,437

Commercial and industrial

Pass

$

1,109,898

$

634,401

$

511,912

$

241,452

$

123,458

$

258,872

$

1,343,885

$

-

$

4,223,878

Watch

28,841

95,785

6,111

4,043

15,560

65,360

182,756

-

398,456

Special Mention

6,401

3,269

276

3,200

2,088

41,289

9,410

-

65,933

Substandard

731

1,760

8,644

22,065

1,922

32,087

40,670

-

107,879

Doubtful

-

-

-

54

-

26

-

-

80

Total commercial

and industrial

$

1,145,871

$

735,215

$

526,943

$

270,814

$

143,028

$

397,634

$

1,576,721

$

-

$

4,796,226

Year-to-Date gross

write-offs

$

896

$

184

$

215

$

335

$

555

$

1,086

$

4,468

$

-

$

7,739

Construction

Pass

$

26,662

$

24,462

$

27,364

$

10,758

$

1,944

$

1,049

$

38,720

$

-

$

130,959

Watch

-

16,546

5,458

-

-

-

9,506

-

31,510

Special Mention

-

-

1,009

-

-

-

1

-

1,010

Substandard

-

6,378

-

-

-

-

-

-

6,378

Total construction

$

26,662

$

47,386

$

33,831

$

10,758

$

1,944

$

1,049

$

48,227

$

-

$

169,857

Year-to-Date gross

write-offs

$

-

$

2,611

$

-

$

-

$

-

$

-

$

-

$

-

$

2,611

Mortgage

Pass

$

751,532

$

439,373

$

421,297

$

259,412

$

164,438

$

4,280,509

$

-

$

-

$

6,316,561

Substandard

$

96

$

161

$

162

$

345

$

2,606

$

71,893

$

-

$

-

$

75,263

Total mortgage

$

751,628

$

439,534

$

421,459

$

259,757

$

167,044

$

4,352,402

$

-

$

-

$

6,391,824

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

1,638

$

-

$

-

$

1,638

December 31, 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

Pass

$

647,659

$

488,506

$

313,133

$

163,189

$

88,983

$

21,706

$

-

$

-

$

1,723,176

Substandard

806

2,516

3,053

906

818

517

-

-

8,616

Loss

-

-

-

-

-

17

-

-

17

Total leasing

$

648,465

$

491,022

$

316,186

$

164,095

$

89,801

$

22,240

$

-

$

-

$

1,731,809

Year-to-Date gross

write-offs

$

1,065

$

4,424

$

2,878

$

849

$

976

$

687

$

-

$

-

$

10,879

Consumer:

Credit cards

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

1,112,447

$

-

$

1,112,447

Substandard

-

-

-

-

-

-

23,259

-

23,259

Loss

-

-

-

-

-

-

22

-

22

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

1,135,728

$

-

$

1,135,728

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

41,007

$

-

$

41,007

HELOCs

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

2,622

$

-

$

2,622

Substandard

-

-

-

-

-

-

26

-

26

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

-

$

2,648

$

-

$

2,648

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

213

$

-

$

213

Personal

Pass

$

859,434

$

480,771

$

181,483

$

57,227

$

58,849

$

96,956

$

-

$

22,034

$

1,756,754

Substandard

1,815

4,985

1,939

493

933

8,322

-

1,006

19,493

Loss

-

-

14

-

12

37

-

-

63

Total Personal

$

861,249

$

485,756

$

183,436

$

57,720

$

59,794

$

105,315

$

-

$

23,040

$

1,776,310

Year-to-Date gross

write-offs

$

4,458

$

35,915

$

18,076

$

4,210

$

4,891

$

2,952

$

-

$

1,475

$

71,977

Auto

Pass

$

1,210,622

$

899,797

$

711,439

$

405,768

$

260,355

$

120,318

$

-

$

-

$

3,608,299

Substandard

6,980

14,049

11,916

9,157

7,051

3,199

-

-

52,352

Loss

9

44

45

16

9

6

-

-

129

Total Auto

$

1,217,611

$

913,890

$

723,400

$

414,941

$

267,415

$

123,523

$

-

$

-

$

3,660,780

Year-to-Date gross

write-offs

$

10,170

$

23,849

$

11,820

$

5,914

$

3,553

$

-

$

-

$

-

$

55,306

Other consumer

Pass

$

36,144

$

24,238

$

14,942

$

5,618

$

3,433

$

2,753

$

61,796

$

-

$

148,924

Substandard

244

25

-

73

16

131

249

-

738

Loss

-

-

137

-

-

363

-

-

500

Total Other

consumer

$

36,388

$

24,263

$

15,079

$

5,691

$

3,449

$

3,247

$

62,045

$

-

$

150,162

Year-to-Date gross

write-offs

$

47

$

154

$

125

$

164

$

88

$

11,876

$

-

$

-

$

12,454

Total BPPR

$

5,173,585

$

4,388,532

$

3,095,548

$

1,789,039

$

913,802

$

6,267,828

$

2,859,549

$

23,040

$

24,510,923

December 31, 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

Pass

$

166,410

$

417,169

$

326,047

$

164,887

$

182,528

$

410,836

$

5,112

$

-

$

1,672,989

Watch

-

116,794

39,319

71,237

93,239

98,365

-

-

418,954

Special Mention

-

-

862

1,171

-

3,377

-

-

5,410

Substandard

-

-

-

-

5,545

20,780

-

-

26,325

Total commercial

multi-family

$

166,410

$

533,963

$

366,228

$

237,295

$

281,312

$

533,358

$

5,112

$

-

$

2,123,678

Commercial real estate non-owner occupied

Pass

$

396,712

$

490,316

$

170,074

$

201,225

$

86,595

$

394,455

$

6,086

$

-

$

1,745,463

Watch

-

39,721

38,713

43,705

39,908

91,922

4,557

-

258,526

Special Mention

-

-

-

-

1,327

63,365

-

-

64,692

Substandard

-

-

-

8,054

1,702

3,730

-

-

13,486

Total commercial

real estate non-

owner occupied

$

396,712

$

530,037

$

208,787

$

252,984

$

129,532

$

553,472

$

10,643

$

-

$

2,082,167

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

193

$

-

$

-

$

193

Commercial real estate owner occupied

Pass

$

303,202

$

278,380

$

226,289

$

58,505

$

47,083

$

204,888

$

9,753

$

-

$

1,128,100

Watch

-

69,894

84,218

53,066

14,057

98,502

1,905

-

321,642

Special Mention

-

-

77,912

4,955

6,074

11,224

-

-

100,165

Substandard

-

477

2,430

-

21,763

107,675

-

-

132,345

Total commercial

real estate owner

occupied

$

303,202

$

348,751

$

390,849

$

116,526

$

88,977

$

422,289

$

11,658

$

-

$

1,682,252

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

1,395

$

-

$

-

$

1,395

December 31, 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 and industrial

Pass

$

196,959

$

278,238

$

346,428

$

268,835

$

148,502

$

379,635

$

414,883

$

-

$

2,033,480

Watch

198

37,022

47,299

44,939

23,493

93,299

32,497

-

278,747

Special Mention

208

889

1,021

30

151

39

8,674

-

11,012

Substandard

636

628

152

1,152

730

1,841

1,517

-

6,656

Total commercial

and industrial

$

198,001

$

316,777

$

394,900

$

314,956

$

172,876

$

474,814

$

457,571

$

-

$

2,329,895

Year-to-Date gross

write-offs

$

247

$

221

$

1,994

$

44

$

1,320

$

-

$

49

$

-

$

3,875

Construction

Pass

$

280,188

$

251,627

$

89,450

$

14,733

$

25,254

$

-

$

-

$

-

$

661,252

Watch

-

22,867

12,869

-

21,896

782

-

-

58,414

Special Mention

2,120

13,151

-

-

-

-

-

-

15,271

Substandard

-

1

13,997

3,895

-

36,593

-

-

54,486

Total construction

$

282,308

$

287,646

$

116,316

$

18,628

$

47,150

$

37,375

$

-

$

-

$

789,423

Mortgage

Pass

$

99,296

$

229,720

$

288,767

$

233,805

$

177,245

$

264,069

$

-

$

-

$

1,292,902

Substandard

-

235

-

646

2,102

8,208

-

-

11,191

Total mortgage

$

99,296

$

229,955

$

288,767

$

234,451

$

179,347

$

272,277

$

-

$

-

$

1,304,093

December 31, 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

$

-

$

-

$

-

$

-

$

-

$

-

$

19

$

-

$

19

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

19

$

-

$

19

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

1

$

-

$

1

HELOCs

Pass

$

-

$

-

$

-

$

-

$

-

$

7,394

$

39,925

$

12,253

$

59,572

Substandard

-

-

-

-

-

1,849

-

966

2,815

Loss

-

-

-

-

-

99

-

819

918

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

9,342

$

39,925

$

14,038

$

63,305

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

471

$

-

$

-

$

471

Personal

Pass

$

41,016

$

93,759

$

23,325

$

2,993

$

3,597

$

1,441

$

-

$

-

$

166,131

Substandard

333

1,630

325

50

126

211

-

-

2,675

Loss

-

-

-

-

1

130

-

-

131

Total Personal

$

41,349

$

95,389

$

23,650

$

3,043

$

3,724

$

1,782

$

-

$

-

$

168,937

Year-to-Date gross

write-offs

$

735

$

13,136

$

4,450

$

618

$

872

$

160

$

-

$

-

$

19,971

Other consumer

Pass

$

19

$

-

$

-

$

-

$

-

$

-

$

10,259

$

-

$

10,278

Substandard

-

-

-

-

-

-

1

-

1

Total Other

consumer

$

19

$

-

$

-

$

-

$

-

$

-

$

10,260

$

-

$

10,279

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

171

$

-

$

171

Total Popular U.S.

$

1,487,297

$

2,342,518

$

1,789,497

$

1,177,883

$

902,918

$

2,304,709

$

535,188

$

14,038

$

10,554,048

December 31, 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

Pass

$

204,386

$

555,788

$

347,381

$

185,374

$

215,082

$

435,084

$

5,418

$

-

$

1,948,513

Watch

-

116,794

39,319

71,237

94,307

103,544

-

-

425,201

Special Mention

-

559

862

1,171

-

8,157

-

-

10,749

Substandard

-

-

-

-

5,545

25,612

-

-

31,157

Total commercial

multi-family

$

204,386

$

673,141

$

387,562

$

257,782

$

314,934

$

572,397

$

5,418

$

-

$

2,415,620

Commercial real estate non-owner occupied

Pass

$

701,955

$

1,361,507

$

730,859

$

561,078

$

127,857

$

958,249

$

13,128

$

-

$

4,454,633

Watch

1,959

40,603

43,918

65,916

45,846

118,937

4,557

-

321,736

Special Mention

43,020

5,413

24,730

-

17,170

131,733

-

-

222,066

Substandard

1,016

1,307

180

10,285

55,431

16,698

4,069

-

88,986

Total commercial

real estate non-

owner occupied

$

747,950

$

1,408,830

$

799,687

$

637,279

$

246,304

$

1,225,617

$

21,754

$

-

$

5,087,421

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

609

$

-

$

714

$

-

$

-

$

1,323

Commercial real estate owner occupied

Pass

$

395,436

$

434,199

$

453,535

$

109,543

$

71,267

$

562,317

$

18,899

$

-

$

2,045,196

Watch

2,947

115,000

94,131

57,351

19,074

160,719

2,905

-

452,127

Special Mention

-

16,860

98,653

6,417

6,961

55,293

-

-

184,184

Substandard

1,316

16,187

7,510

143,696

22,608

195,058

12,617

-

398,992

Doubtful

-

-

-

-

-

136

-

-

136

Total commercial

real estate owner

occupied

$

399,699

$

582,246

$

653,829

$

317,007

$

119,910

$

973,523

$

34,421

$

-

$

3,080,635

Year-to-Date gross

write-offs

$

-

$

4

$

-

$

-

$

1

$

5,827

$

-

$

-

$

5,832

Commercial and industrial

Pass

$

1,306,857

$

912,639

$

858,340

$

510,287

$

271,960

$

638,507

$

1,758,768

$

-

$

6,257,358

Watch

29,039

132,807

53,410

48,982

39,053

158,659

215,253

-

677,203

Special Mention

6,609

4,158

1,297

3,230

2,239

41,328

18,084

-

76,945

Substandard

1,367

2,388

8,796

23,217

2,652

33,928

42,187

-

114,535

Doubtful

-

-

-

54

-

26

-

-

80

Total commercial

and industrial

$

1,343,872

$

1,051,992

$

921,843

$

585,770

$

315,904

$

872,448

$

2,034,292

$

-

$

7,126,121

Year-to-Date gross

write-offs

$

1,143

$

405

$

2,209

$

379

$

1,875

$

1,086

$

4,517

$

-

$

11,614

December 31, 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

Pass

$

306,850

$

276,089

$

116,814

$

25,491

$

27,198

$

1,049

$

38,720

$

-

$

792,211

Watch

-

39,413

18,327

-

21,896

782

9,506

-

89,924

Special Mention

2,120

13,151

1,009

-

-

-

1

-

16,281

Substandard

-

6,379

13,997

3,895

-

36,593

-

-

60,864

Total construction

$

308,970

$

335,032

$

150,147

$

29,386

$

49,094

$

38,424

$

48,227

$

-

$

959,280

Year-to-Date gross

write-offs

$

-

$

2,611

$

-

$

-

$

-

$

-

$

-

$

-

$

2,611

Mortgage

Pass

$

850,828

$

669,093

$

710,064

$

493,217

$

341,683

$

4,544,578

$

-

$

-

$

7,609,463

Substandard

96

396

162

991

4,708

80,101

-

-

86,454

Total mortgage

$

850,924

$

669,489

$

710,226

$

494,208

$

346,391

$

4,624,679

$

-

$

-

$

7,695,917

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

1,638

$

-

$

-

$

1,638

Leasing

Pass

$

647,659

$

488,506

$

313,133

$

163,189

$

88,983

$

21,706

$

-

$

-

$

1,723,176

Substandard

806

2,516

3,053

906

818

517

-

-

8,616

Loss

-

-

-

-

-

17

-

-

17

Total leasing

$

648,465

$

491,022

$

316,186

$

164,095

$

89,801

$

22,240

$

-

$

-

$

1,731,809

Year-to-Date gross

write-offs

$

1,065

$

4,424

$

2,878

$

849

$

976

$

687

$

-

$

-

$

10,879

December 31, 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

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

1,112,466

$

-

$

1,112,466

Substandard

-

-

-

-

-

-

23,259

-

23,259

Loss

-

-

-

-

-

-

22

-

22

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

1,135,747

$

-

$

1,135,747

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

41,008

$

-

$

41,008

HELOCs

Pass

$

-

$

-

$

-

$

-

$

-

$

7,394

$

42,547

$

12,253

$

62,194

Substandard

-

-

-

-

-

1,849

26

966

2,841

Loss

-

-

-

-

-

99

-

819

918

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

9,342

$

42,573

$

14,038

$

65,953

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

471

$

213

$

-

$

684

Personal

Pass

$

900,450

$

574,530

$

204,808

$

60,220

$

62,446

$

98,397

$

-

$

22,034

$

1,922,885

Substandard

2,148

6,615

2,264

543

1,059

8,533

-

1,006

22,168

Loss

$

-

$

-

$

14

$

-

$

13

$

167

$

-

$

-

$

194

Total Personal

$

902,598

$

581,145

$

207,086

$

60,763

$

63,518

$

107,097

$

-

$

23,040

$

1,945,247

Year-to-Date gross

write-offs

$

5,193

$

49,051

$

22,526

$

4,828

$

5,763

$

3,112

$

-

$

1,475

$

91,948

Auto

Pass

$

1,210,622

$

899,797

$

711,439

$

405,768

$

260,355

$

120,318

$

-

$

-

$

3,608,299

Substandard

6,980

14,049

11,916

9,157

7,051

3,199

-

-

52,352

Loss

9

44

45

16

9

6

-

-

129

Total Auto

$

1,217,611

$

913,890

$

723,400

$

414,941

$

267,415

$

123,523

$

-

$

-

$

3,660,780

Year-to-Date gross

write-offs

$

10,170

$

23,849

$

11,820

$

5,914

$

3,553

$

-

$

-

$

-

$

55,306

Other consumer

Pass

$

36,163

$

24,238

$

14,942

$

5,618

$

3,433

$

2,753

$

72,055

$

-

$

159,202

Substandard

244

25

-

73

16

131

250

-

739

Loss

-

-

137

-

-

363

-

-

500

Total Other

consumer

$

36,407

$

24,263

$

15,079

$

5,691

$

3,449

$

3,247

$

72,305

$

-

$

160,441

Year-to-Date gross

write-offs

$

47

$

154

$

125

$

164

$

88

$

11,876

$

171

$

-

$

12,625

Total Popular Inc.

$

6,660,882

$

6,731,050

$

4,885,045

$

2,966,922

$

1,816,720

$

8,572,537

$

3,394,737

$

37,078

$

35,064,971