Schedule Of Allocation Of Plan Assets

	Minimum allotment		Maximum allotment		2019		2018
Equity	0	%	70	%	36	%	32	%
Debt securities	0	%	100	%	62	%	65	%
Popular related securities	0	%	5	%	1	%	1	%
Cash and cash equivalents	0	%	100	%	1	%	2	%

		2019										2018
(In thousands)		Level 1		Level 2		Level 3		Measured at NAV		Total		Level 1		Level 2		Level 3		Measured at NAV		Total
Obligations of the U.S. Government, its agencies, states and political subdivisions	$	-	$	171,744	$	-	$	7,239	$	178,983	$	-	$	165,832	$	-	$	7,137	$	172,969
Corporate bonds and debentures		-		304,958		-		7,730		312,688		-		256,657		-		6,987		263,644
Equity securities - Common Stocks		116,254		-		-		-		116,254		90,175		-		-		-		90,175
Equity securities - ETF's		52,083		35,559		-		-		87,642		39,394		29,635		-		-		69,029
Foreign commingled trust funds		-		-		-		82,030		82,030		-		-		-		59,362		59,362
Mutual fund		-		4,490		-		-		4,490		-		3,630		-		-		3,630
Mortgage-backed securities		-		5,777		-		-		5,777		-		11,349		-		-		11,349
Private equity investments		-		-		74		-		74		-		-		68		-		68
Cash and cash equivalents		7,401		-		-		-		7,401		10,573		-		-		-		10,573
Accrued investment income		-		-		4,596		-		4,596		-		-		5,024		-		5,024
Total assets	$	175,738	$	522,528	$	4,670	$	96,999	$	799,935	$	140,142	$	467,103	$	5,092	$	73,486	$	685,823

Schedule Of Information Popular Inc Shares Of Common Stock Held By The Plans

(In thousands, except number of shares information)		2019		2018
Shares of Popular, Inc. common stock		156,444		152,804
Fair value of shares of Popular, Inc. common stock	$	9,191	$	7,215
Dividends paid on shares of Popular, Inc. common stock held by the plan	$	177	$	151

Schedule Of Aggregate Status Of The Plans And The Amounts Recognized In The Consolidated Financial Statements

			Pension Plans				OPEB Plan
(In thousands)			2019		2018		2019		2018
Change in benefit obligation:
Benefit obligation at beginning of year		$	754,558	$	816,988	$	153,415	$	170,720
Service cost			-		-		759		1,028
Interest cost			28,439		25,493		5,955		5,562
Termination benefit loss			-		-		-		1,790
Actuarial (gain) loss^[1]			113,642		(47,549)		15,752		(20,547)
Benefits paid			(44,088)		(40,374)		(7,200)		(5,138)
Benefit obligation at end of year		$	852,551	$	754,558	$	168,681	$	153,415
Change in fair value of plan assets:
Fair value of plan assets at beginning of year		$	685,823	$	767,539	$	-	$	-
Actual return on plan assets			137,970		(41,572)		-		-
Employer contributions			20,230		230		7,200		5,138
Benefits paid			(44,088)		(40,374)		(7,200)		(5,138)
Fair value of plan assets at end of year		$	799,935	$	685,823	$	-	$	-
Funded status of the plan:
Benefit obligation at end of year		$	(852,551)	$	(754,558)	$	(168,681)	$	(153,415)
Fair value of plan assets at end of year			799,935		685,823		-		-
Funded status at year end		$	(52,616)	$	(68,735)	$	(168,681)	$	(153,415)
Amounts recognized in accumulated other comprehensive loss:
Net loss			288,882		304,330		21,472		5,720
Accumulated other comprehensive loss (AOCL)		$	288,882	$	304,330	$	21,472	$	5,720
Reconciliation of net (liabilities) assets:
Net liabilities at beginning of year		$	(68,735)	$	(49,449)	$	(153,415)	$	(170,720)
Amount recognized in AOCL at beginning of year, pre-tax			304,330		290,327		5,720		24,079
Amount prepaid at beginning of year			235,595		240,878		(147,695)		(146,641)
Net periodic benefit cost			(19,559)		(5,513)		(6,714)		(4,402)
Additional benefit cost			-		-		-		(1,790)
Contributions			20,230		230		7,200		5,138
Amount prepaid at end of year			236,266		235,595		(147,209)		(147,695)
Amount recognized in AOCL			(288,882)		(304,330)		(21,472)		(5,720)
Net liabilities at end of year		$	(52,616)	$	(68,735)	$	(168,681)	$	(153,415)
[1]	For 2019, significant components of the Pension Plans actuarial loss that changed the benefit obligation were mainly related to updates in discount and mortality rates. For OPEB Plans significant components of the actuarial loss that change the benefit obligation were mainly related to updates in discount and mortality rates partially offset by update in healthcare election rates and expected annual healthcare costs. For 2018, significant components of the Pension Plans actuarial gains that change the benefit obligation were mostly related to updates in discount rate partially offset by the impact of the 2018 Voluntary Retirement Program. For OPEB Plans significant components of the actuarial gain that change the benefit obligation were mainly related to updates in discount rate and expected annual healthcare costs.

Schedule of Assumptions Used

	Pension Plans						OPEB Plan
Weighted average assumptions used to determine net periodic benefit cost for the years ended December 31:	2019		2018		2017		2019		2018		2017
Discount rate for benefit obligation	4.20-4.23	%	3.54-3.56	%	3.98-4.02	%	4.30	%	3.62	%	4.10	%
Discount rate for service cost	N/A		N/A		N/A		4.49	%	3.74	%	4.30	%
Discount rate for interest cost	3.87-3.90	%	3.16-3.20	%	3.35-3.42	%	3.99	%	3.32	%	3.58	%
Expected return on plan assets	5.30-6.00	%	5.50-6.00	%	6.50	%	N/A		N/A		N/A
Initial health care cost trend rate	N/A		N/A		N/A		5.00	%	5.50	%	6.00	%
Ultimate health care cost trend rate	N/A		N/A		N/A		5.00	%	5.00	%	5.00	%
Year that the ultimate trend rate is reached	N/A		N/A		N/A		2019		2019		2019

					Pension Plans				OPEB Plan
Weighted average assumptions used to determine benefit obligation at December 31:					2019		2018		2019		2018
Discount rate for benefit obligation					3.22-3.27	%	4.20-4.23	%	3.38	%	4.30	%
Initial health care cost trend rate					N/A		N/A		5.00	%	5.00	%
Ultimate health care cost trend rate					N/A		N/A		5.00	%	5.00	%
Year that the ultimate trend rate is reached					N/A		N/A		2019		2019

Schedule of employer contribution to benefit plan

(In thousands)	2020
Pension Plans	$	229
OPEB Plan	$	6,515

Schedule Of Breakdown Postretirement Health Care Benefit Plan Liabilities

		Pension Plans				OPEB Plan
(In thousands)		2019		2018		2019		2018
Current liabilities	$	227	$	225	$	6,456	$	8,007
Non-current liabilities		52,389		68,510		162,225		145,408