XML 203 R181.htm IDEA: XBRL DOCUMENT v3.19.3
Income taxes - Differences between income tax expense (benefit) in Puerto Rico (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Amount          
Income tax expense $ 41,370 $ 42,018 $ 131,923 $ 35,613  
% of pre-tax income          
Computed income tax at statutory rates     37.50%   39.00%
PUERTO RICO          
Amount          
Computed income tax at statutory rates 77,508 71,240 $ 238,602 213,474  
Net benefit of net tax exempt interest income (38,103) (24,941) (95,986) (70,341)  
Deferred tax asset valuation allowance 3,170 5,606 9,915 17,018  
Difference in tax rates due to multiple jurisdictions (4,233) (5,203) (9,851) (10,400)  
Effect of income subject to preferential tax rate (2,243) (2,031) (7,458) (108,087)  
Unrecognized tax benefits 0 (1,621) 0 (1,621)  
State and local taxes 2,180 3,115 5,535 6,196  
Other 3,091 (4,147) (8,834) (10,626)  
Income tax expense $ 41,370 $ 42,018 $ 131,923 $ 35,613  
% of pre-tax income          
Computed income tax at statutory rates 38.00% 39.00% 38.00% 39.00%  
Net benefit of net tax exempt interest income (18.00%) (14.00%) (15.00%) (13.00%)  
Deferred tax asset valuation allowance 1.00% 3.00% 2.00% 3.00%  
Difference in tax rates due to multiple jurisdictions (2.00%) (3.00%) (2.00%) (2.00%)  
Effect of income subject to preferential tax rate (1.00%) (1.00%) (1.00%) (20.00%)  
Unrecognized tax benefits 0.00% (100.00%) 0.00% 0.00%  
State and local taxes 1.00% 2.00% 1.00% 1.00%  
Others 1.00% (2.00%) (2.00%) (2.00%)  
Income tax (benefit) expense 20.00% 23.00% 21.00% 6.00%