XML 71 R53.htm IDEA: XBRL DOCUMENT v3.20.2
Allowance for credit losses (Tables)
 6 Months Ended
Jun. 30, 2020
Allowance for credit losses on financing receivables

For the quarter ended June 30, 2020

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Leasing

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

207,850

 

$

419

 

$

202,800

 

$

12,589

 

$

333,277

 

$

756,935

 

Provision (reversal of provision)

 

8,174

 

 

(260)

 

 

3,437

 

 

3,894

 

 

45,178

 

 

60,423

 

Initial allowance for credit losses - PCD Loans

 

-

 

 

-

 

 

567

 

 

-

 

 

-

 

 

567

 

Charge-offs

 

(2,746)

 

 

-

 

 

(9,417)

 

 

(3,949)

 

 

(57,902)

 

 

(74,014)

 

Recoveries

 

1,649

 

 

195

 

 

1,863

 

 

559

 

 

7,605

 

 

11,871

Ending balance

$

214,927

 

$

354

 

$

199,250

 

$

13,093

 

$

328,158

 

$

755,782

For the quarter ended June 30, 2020

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Legacy

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

97,198

 

$

2,172

 

$

24,287

 

$

2,026

 

$

37,098

 

$

162,781

 

Provision (reversal of provision)

 

1,934

 

 

3,891

 

 

(1,319)

 

 

139

 

 

(1,964)

 

 

2,681

 

Charge-offs

 

(386)

 

 

-

 

 

(7)

 

 

(5)

 

 

(4,873)

 

 

(5,271)

 

Recoveries

 

1,283

 

 

-

 

 

26

 

 

(108)

 

 

1,260

 

 

2,461

Ending balance

$

100,029

 

$

6,063

 

$

22,987

 

$

2,052

 

$

31,521

 

$

162,652

For the quarter ended June 30, 2020

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Legacy

Leasing

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

305,048

 

$

2,591

 

$

227,087

 

$

2,026

$

12,589

 

$

370,375

 

$

919,716

 

Provision (reversal of provision)

 

10,108

 

 

3,631

 

 

2,118

 

 

139

 

3,894

 

 

43,214

 

 

63,104

 

Initial allowance for credit losses - PCD Loans

 

-

 

 

-

 

 

567

 

 

-

 

-

 

 

-

 

 

567

 

Charge-offs

 

(3,132)

 

 

-

 

 

(9,424)

 

 

(5)

 

(3,949)

 

 

(62,775)

 

 

(79,285)

 

Recoveries

 

2,932

 

 

195

 

 

1,889

 

 

(108)

 

559

 

 

8,865

 

 

14,332

Ending balance

$

314,956

 

$

6,417

 

$

222,237

 

$

2,052

$

13,093

 

$

359,679

 

$

918,434

For the six months ended June 30, 2020

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Leasing

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

131,063

 

$

574

 

$

116,281

 

$

10,768

 

$

173,965

 

$

432,651

 

Impact of adopting CECL

 

62,393

 

 

115

 

 

86,081

 

 

(713)

 

 

122,492

 

 

270,368

 

Provision (reversal of provision)

 

23,148

 

 

(549)

 

 

8,984

 

 

9,735

 

 

132,109

 

 

173,427

 

Initial allowance for credit losses - PCD Loans

 

-

 

 

-

 

 

996

 

 

-

 

 

-

 

 

996

 

Charge-offs

 

(5,740)

 

 

-

 

 

(17,723)

 

 

(7,724)

 

 

(115,986)

 

 

(147,173)

 

Recoveries

 

4,063

 

 

214

 

 

4,631

 

 

1,027

 

 

15,578

 

 

25,513

Ending balance

$

214,927

 

$

354

 

$

199,250

 

$

13,093

 

$

328,158

 

$

755,782

For the six months ended June 30, 2020

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Legacy

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

15,989

 

$

4,204

 

$

4,827

 

$

630

 

$

19,407

 

$

45,057

 

Impact of adopting CECL

 

29,103

 

 

(2,986)

 

 

10,431

 

 

382

 

 

7,809

 

 

44,739

 

Provision (reversal of provision)

 

54,140

 

 

4,690

 

 

7,709

 

 

1,052

 

 

11,081

 

 

78,672

 

Charge-offs

 

(954)

 

 

-

 

 

(16)

 

 

(14)

 

 

(9,811)

 

 

(10,795)

 

Recoveries

 

1,751

 

 

155

 

 

36

 

 

2

 

 

3,035

 

 

4,979

Ending balance

$

100,029

 

$

6,063

 

$

22,987

 

$

2,052

 

$

31,521

 

$

162,652

For the six months ended June 30, 2020

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Legacy

Leasing

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

147,052

 

$

4,778

 

$

121,108

 

$

630

$

10,768

 

$

193,372

 

$

477,708

 

Impact of adopting CECL

 

91,496

 

 

(2,871)

 

 

96,512

 

 

382

 

(713)

 

 

130,301

 

 

315,107

 

Provision (reversal of provision)

 

77,288

 

 

4,141

 

 

16,693

 

 

1,052

 

9,735

 

 

143,190

 

 

252,099

 

Initial allowance for credit losses - PCD Loans

 

-

 

 

-

 

 

996

 

 

-

 

-

 

 

-

 

 

996

 

Charge-offs

 

(6,694)

 

 

-

 

 

(17,739)

 

 

(14)

 

(7,724)

 

 

(125,797)

 

 

(157,968)

 

Recoveries

 

5,814

 

 

369

 

 

4,667

 

 

2

 

1,027

 

 

18,613

 

 

30,492

Ending balance

$

314,956

 

$

6,417

 

$

222,237

 

$

2,052

$

13,093

 

$

359,679

 

$

918,434

For the quarter ended June 30, 2019

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Leasing

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

188,931

 

$

822

 

$

137,856

 

$

9,109

 

$

147,665

 

$

484,383

 

Provision (reversal of provision)

 

1,480

 

 

2,120

 

 

(1,213)

 

 

(572)

 

 

27,160

 

 

28,975

 

Charge-offs

 

(5,395)

 

 

(30)

 

 

(9,996)

 

 

(2,331)

 

 

(37,920)

 

 

(55,672)

 

Recoveries

 

5,211

 

 

84

 

 

1,283

 

 

701

 

 

11,226

 

 

18,505

Ending balance

$

190,227

 

$

2,996

 

$

127,930

 

$

6,907

 

$

148,131

 

$

476,191

Specific ALLL

$

31,698

 

$

90

 

$

41,158

 

$

234

 

$

22,592

 

$

95,772

General ALLL

$

158,529

 

$

2,906

 

$

86,772

 

$

6,673

 

$

125,539

 

$

380,419

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

386,310

 

$

1,788

 

$

521,257

 

$

865

 

$

98,901

 

$

1,009,121

Loans held-in-portfolio excluding impaired loans

 

6,953,539

 

 

107,170

 

 

5,781,701

 

 

990,681

 

 

5,199,449

 

 

19,032,540

Total loans held-in-portfolio

$

7,339,849

 

$

108,958

 

$

6,302,958

 

$

991,546

 

$

5,298,350

 

$

20,041,661

For the quarter ended June 30, 2019

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Legacy

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

35,558

 

$

6,674

 

$

4,442

 

$

829

 

$

18,742

 

$

66,245

 

Provision (reversal of provision)

 

5,535

 

 

213

 

 

374

 

 

(332)

 

 

5,426

 

 

11,216

 

Charge-offs

 

(6,344)

 

 

-

 

 

(343)

 

 

(20)

 

 

(5,609)

 

 

(12,316)

 

Recoveries

 

553

 

 

-

 

 

113

 

 

297

 

 

1,367

 

 

2,330

Ending balance

$

35,302

 

$

6,887

 

$

4,586

 

$

774

 

$

19,926

 

$

67,475

Specific ALLL

$

-

 

$

-

 

$

2,392

 

$

-

 

$

1,863

 

$

4,255

General ALLL

$

35,302

 

$

6,887

 

$

2,194

 

$

774

 

$

18,063

 

$

63,220

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

3,961

 

$

12,060

 

$

9,393

 

$

-

 

$

9,950

 

$

35,364

Loans held-in-portfolio excluding impaired loans

 

4,872,793

 

 

704,401

 

 

886,608

 

 

23,893

 

 

441,025

 

 

6,928,720

Total loans held-in-portfolio

$

4,876,754

 

$

716,461

 

$

896,001

 

$

23,893

 

$

450,975

 

$

6,964,084

For the quarter ended June 30, 2019

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

Construction

Mortgage

Legacy

Leasing

Consumer

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

224,489

$

7,496

$

142,298

$

829

$

9,109

$

166,407

$

550,628

 

Provision (reversal of provision)

 

7,015

 

2,333

 

(839)

 

(332)

 

(572)

 

32,586

 

40,191

 

Charge-offs

 

(11,739)

 

(30)

 

(10,339)

 

(20)

 

(2,331)

 

(43,529)

 

(67,988)

 

Recoveries

 

5,764

 

84

 

1,396

 

297

 

701

 

12,593

 

20,835

Ending balance

$

225,529

$

9,883

$

132,516

$

774

$

6,907

$

168,057

$

543,666

Specific ALLL

$

31,698

$

90

$

43,550

$

-

$

234

$

24,455

$

100,027

General ALLL

$

193,831

$

9,793

$

88,966

$

774

$

6,673

$

143,602

$

443,639

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

390,271

$

13,848

$

530,650

$

-

$

865

$

108,851

$

1,044,485

Loans held-in-portfolio excluding impaired loans

 

11,826,332

 

811,571

 

6,668,309

 

23,893

 

990,681

 

5,640,474

 

25,961,260

Total loans held-in-portfolio

$

12,216,603

$

825,419

$

7,198,959

$

23,893

$

991,546

$

5,749,325

$

27,005,745

For the six months ended June 30, 2019

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Leasing

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

207,214

 

$

886

 

$

142,978

 

$

11,486

 

$

144,594

 

$

507,158

 

Provision (reversal of provision)

 

(209)

 

 

2,039

 

 

4,848

 

 

(1,463)

 

 

55,214

 

 

60,429

 

Charge-offs

 

(24,856)

 

 

(52)

 

 

(23,170)

 

 

(4,427)

 

 

(73,789)

 

 

(126,294)

 

Recoveries

 

8,078

 

 

123

 

 

3,274

 

 

1,311

 

 

22,112

 

 

34,898

Ending balance

$

190,227

 

$

2,996

 

$

127,930

 

$

6,907

 

$

148,131

 

$

476,191

Specific ALLL

$

31,698

 

$

90

 

$

41,158

 

$

234

 

$

22,592

 

$

95,772

General ALLL

$

158,529

 

$

2,906

 

$

86,772

 

$

6,673

 

$

125,539

 

$

380,419

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

386,310

 

$

1,788

 

$

521,257

 

$

865

 

$

98,901

 

$

1,009,121

Loans held-in-portfolio excluding impaired loans

 

6,953,539

 

 

107,170

 

 

5,781,701

 

 

990,681

 

 

5,199,449

 

 

19,032,540

Total loans held-in-portfolio

$

7,339,849

 

$

108,958

 

$

6,302,958

 

$

991,546

 

$

5,298,350

 

$

20,041,661

For the six months ended June 30, 2019

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

 

Construction

 

Mortgage

 

Legacy

 

Consumer

 

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

31,901

 

$

6,538

 

$

4,434

 

$

969

 

$

18,348

 

$

62,190

 

Provision (reversal of provision)

 

12,026

 

 

341

 

 

611

 

 

(1,187)

 

 

9,796

 

 

21,587

 

Charge-offs

 

(9,825)

 

 

-

 

 

(594)

 

 

144

 

 

(11,260)

 

 

(21,535)

 

Recoveries

 

1,200

 

 

8

 

 

135

 

 

848

 

 

3,042

 

 

5,233

Ending balance

$

35,302

 

$

6,887

 

$

4,586

 

$

774

 

$

19,926

 

$

67,475

Specific ALLL

$

-

 

$

-

 

$

2,392

 

$

-

 

$

1,863

 

$

4,255

General ALLL

$

35,302

 

$

6,887

 

$

2,194

 

$

774

 

$

18,063

 

$

63,220

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

3,961

 

$

12,060

 

$

9,393

 

$

-

 

$

9,950

 

$

35,364

Loans held-in-portfolio excluding impaired loans

 

4,872,793

 

 

704,401

 

 

886,608

 

 

23,893

 

 

441,025

 

 

6,928,720

Total loans held-in-portfolio

$

4,876,754

 

$

716,461

 

$

896,001

 

$

23,893

 

$

450,975

 

$

6,964,084

For the six months ended June 30, 2019

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

Commercial

Construction

Mortgage

Legacy

Leasing

Consumer

Total

Allowance for credit losses:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning balance

$

239,115

$

7,424

$

147,412

$

969

$

11,486

$

162,942

$

569,348

 

Provision (reversal of provision)

 

11,817

 

2,380

 

5,459

 

(1,187)

 

(1,463)

 

65,010

 

82,016

 

Charge-offs

 

(34,681)

 

(52)

 

(23,764)

 

144

 

(4,427)

 

(85,049)

 

(147,829)

 

Recoveries

 

9,278

 

131

 

3,409

 

848

 

1,311

 

25,154

 

40,131

Ending balance

$

225,529

$

9,883

$

132,516

$

774

$

6,907

$

168,057

$

543,666

Specific ALLL

$

31,698

$

90

$

43,550

$

-

$

234

$

24,455

$

100,027

General ALLL

$

193,831

$

9,793

$

88,966

$

774

$

6,673

$

143,602

$

443,639

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Impaired loans

$

390,271

$

13,848

$

530,650

$

-

$

865

$

108,851

$

1,044,485

Loans held-in-portfolio excluding impaired loans

 

11,826,332

 

811,571

 

6,668,309

 

23,893

 

990,681

 

5,640,474

 

25,961,260

Total loans held-in-portfolio

$

12,216,603

$

825,419

$

7,198,959

$

23,893

$

991,546

$

5,749,325

$

27,005,745
Credit loss on unfunded commitments The following table presents the changes in the allowance for credit losses on unfunded commitments, which is presented as part of Other Liabilities, for the quarters and six months ended June 30, 2020 and 2019.

 

 

For the quarters ended

For the six months ended

(In thousands)

June 30, 2020

June 30, 2019

June 30, 2020

June 30, 2019

Allowance for credit losses on unfunded commitments:

 

 

 

 

 

 

 

 

Balance at beginning of period

$

4,466

$

8,335

$

8,717

$

8,216

 

Impact of adopting CECL

 

-

 

-

 

(5,460)

 

-

 

Provision

 

2,251

 

400

 

3,460

 

519

Ending balance

$

6,717

$

8,735

$

6,717

$

8,735
Schedule of Trouble Debt Restructurings breakdown by Accrual and Nonaccrual Status

 

June 30, 2020

 

 

December 31, 2019

(In thousands)

 

Accruing

 

Non-Accruing

 

Total

 

Related Allowance

 

 

 

Accruing

 

Non-Accruing

 

Total

 

Related Allowance

Loans held-in-portfolio:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial

$

240,650

$

108,075

$

348,725

$

23,751

 

 

$

237,861

$

111,587

$

349,448

$

16,443

Construction

 

-

 

-

 

-

 

-

 

 

 

-

 

119

 

119

 

6

Mortgage

 

1,036,728

 

119,057

 

1,155,785

 

69,266

 

 

 

1,013,561

 

126,036

 

1,139,597

 

42,012

Leases

 

382

 

192

 

574

 

35

 

 

 

264

 

243

 

507

 

61

Consumer

 

78,829

 

15,265

 

94,094

 

27,317

 

 

 

82,205

 

15,808

 

98,013

 

21,404

Loans held-in-portfolio

$

1,356,589

$

242,589

$

1,599,178

$

120,369

 

 

$

1,333,891

$

253,793

$

1,587,684

$

79,926
Troubled Debt Restructurings Loan Count By Type Of Modification

 

Popular, Inc.

 

For the quarter ended June 30, 2020

 

For the six months ended June 30, 2020

 

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 multi-family

-

1

-

-

 

-

1

-

-

Commercial real estate non-owner occupied

-

1

-

-

 

-

2

-

1

Commercial real estate owner occupied

-

13

-

-

 

-

19

-

-

Commercial and industrial

-

15

-

-

 

1

26

-

-

Mortgage

-

-

14

72

 

2

26

161

72

Leasing

-

-

-

11

 

-

-

3

11

Consumer:

 

 

 

 

 

 

 

 

 

Credit cards

404

-

-

52

 

552

-

-

65

HELOCs

-

1

-

-

 

-

1

1

-

Personal

78

1

-

-

 

178

2

-

1

Auto

-

-

-

8

 

-

1

2

8

Other

1

-

-

-

 

2

-

-

-

Total

483

32

14

143

 

735

78

167

158

 

Popular, Inc.

 

For the quarter ended June 30, 2019

 

For the six months ended June 30, 2019

 

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 multi-family

-

1

-

-

 

-

1

-

-

Commercial real estate non-owner occupied

-

2

-

-

 

-

3

-

-

Commercial real estate owner occupied

1

5

-

-

 

1

15

-

-

Commercial and industrial

-

18

-

-

 

-

34

-

-

Mortgage

25

28

130

2

 

31

55

287

2

Leasing

-

-

1

-

 

-

-

1

-

Consumer:

 

 

 

 

 

 

 

 

 

Credit cards

161

-

-

54

 

283

-

1

120

HELOCs

-

6

5

-

 

-

12

9

-

Personal

192

1

-

1

 

344

3

-

1

Auto

-

2

1

-

 

-

4

1

-

Other

9

-

-

-

 

15

-

-

-

Total

388

63

137

57

 

674

127

299

123
Troubled Debt Restructurings on Financing Receivables

For the quarter ended June 30, 2020

(Dollars 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 multi-family

1

$

993

$

976

$

(19)

Commercial real estate non-owner occupied

1

 

179

 

179

 

-

Commercial real estate owner occupied

13

 

2,593

 

2,574

 

1

Commercial and industrial

15

 

849

 

845

 

2

Mortgage

86

 

14,448

 

8,954

 

833

Leasing

11

 

232

 

232

 

-

Consumer:

 

 

 

 

 

 

 

Credit cards

456

 

4,200

 

4,181

 

178

HELOCs

1

 

37

 

33

 

8

Personal

79

 

1,160

 

1,160

 

194

Auto

8

 

60

 

60

 

-

Other

1

 

4

 

4

 

1

Total

672

$

24,755

$

19,198

$

1,198

For the quarter ended June 30, 2019

(Dollars 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 multi-family

1

$

154

$

116

$

(5)

Commercial real estate non-owner occupied

2

 

2,253

 

2,246

 

789

Commercial real estate owner occupied

6

 

1,393

 

1,178

 

38

Commercial and industrial

18

 

4,370

 

4,356

 

471

Mortgage

185

 

20,218

 

18,320

 

687

Leasing

1

 

27

 

28

 

7

Consumer:

 

 

 

 

 

 

 

Credit cards

215

 

1,772

 

1,938

 

186

HELOCs

11

 

1,389

 

1,389

 

265

Personal

194

 

3,143

 

3,142

 

830

Auto

3

 

38

 

43

 

8

Other

9

 

133

 

133

 

23

Total

645

$

34,890

$

32,889

$

3,299

Popular, Inc.

For the six months ended June 30, 2020

(Dollars 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 multi-family

1

$

993

$

976

$

(19)

Commercial real estate non-owner occupied

3

 

3,418

 

3,418

 

(748)

Commercial real estate owner occupied

19

 

6,499

 

6,476

 

106

Commercial and industrial

27

 

1,784

 

1,778

 

25

Mortgage

261

 

34,763

 

26,894

 

2,845

Leasing

14

 

326

 

327

 

6

Consumer:

 

 

 

 

 

 

 

Credit cards

617

 

5,460

 

5,454

 

262

HELOCs

2

 

369

 

298

 

862

Personal

181

 

3,021

 

3,019

 

491

Auto

11

 

146

 

147

 

12

Other

2

 

24

 

24

 

6

Total

1,138

$

56,803

$

48,811

$

3,848

Popular, Inc.

For the six months ended June 30, 2019

(Dollars 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 multi-family

1

$

154

$

116

$

(5)

Commercial real estate non-owner occupied

3

 

2,567

 

2,557

 

807

Commercial real estate owner occupied

16

 

3,412

 

3,151

 

57

Commercial and industrial

34

 

8,313

 

8,835

 

785

Mortgage

375

 

40,950

 

36,911

 

1,358

Leasing

1

 

27

 

28

 

7

Consumer:

 

 

 

 

 

 

 

Credit cards

404

 

3,315

 

3,468

 

357

HELOCs

21

 

2,083

 

2,010

 

320

Personal

348

 

6,290

 

6,295

 

1,635

Auto

5

 

63

 

66

 

12

Other

15

 

146

 

146

 

25

Total

1,223

$

67,320

$

63,583

$

5,358
T D R Loans Subsequent Default

Popular, Inc.

 

Defaulted during the quarter endedJune 30, 2020

 

Defaulted during the six months ended June 30, 2020

(Dollars in thousands)

Loan count

 

Recorded investment as of first default date

 

Loan count

 

Recorded investment as of first default date

Commercial real estate non-owner occupied

1

$

1,700

 

1

$

1,700

Commercial real estate owner occupied

3

 

603

 

5

 

846

Commercial and industrial

1

 

57

 

3

 

97

Mortgage

101

 

9,582

 

148

 

16,089

Consumer:

 

 

 

 

 

 

 

Credit cards

82

 

652

 

123

 

866

HELOCs

1

 

31

 

1

 

31

Personal

48

 

579

 

83

 

1,364

Other

1

 

1

 

2

 

1

Total

238

$

13,205

 

366

$

20,994

Popular, Inc.

 

Defaulted during the quarter endedJune 30, 2019

 

Defaulted during the six months ended June 30, 2019

(Dollars in thousands)

Loan count

 

Recorded investment as of first default date

 

Loan count

 

Recorded investment as of first default date

Commercial real estate non-owner occupied

-

$

-

 

1

$

47

Commercial real estate owner occupied

-

 

-

 

2

 

427

Commercial and industrial

2

 

6,998

 

3

 

7,048

Mortgage

11

 

602

 

19

 

1,347

Leasing

-

 

-

 

1

 

22

Consumer:

 

 

 

 

 

 

 

Credit cards

105

 

1,051

 

185

 

1,853

Personal

84

 

2,273

 

124

 

3,624

Other

1

 

2

 

1

 

2

Total

203

$

10,926

 

336

$

14,370
Financing Receivable Credit Quality Indicators

June 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

 

 

 

Watch

$

-

$

-

$

-

$

-

$

-

$

4,839

$

-

$

-

$

4,839

 

 

 

Special mention

 

-

 

-

 

-

 

-

 

-

 

3,831

 

-

 

-

 

3,831

 

 

 

Substandard

 

-

 

-

 

-

 

-

 

-

 

1,404

 

100

 

-

 

1,504

 

 

 

Pass/Unrated

 

5,265

 

36,872

 

26,424

 

2,126

 

4,763

 

62,539

 

-

 

-

 

137,989

 

 

Total commercial multi-family

$

5,265

$

36,872

$

26,424

$

2,126

$

4,763

$

72,613

$

100

$

-

$

148,163

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate non-owner occupied

 

 

 

Watch

$

1,357

$

96,147

$

150,370

$

68,910

$

32,225

$

263,971

$

-

$

-

$

612,980

 

 

 

Special Mention

 

-

 

27,733

 

-

 

119

 

34,559

 

171,770

 

2

 

-

 

234,183

 

 

 

Substandard

 

-

 

47,533

 

27,100

 

4,216

 

17,638

 

169,815

 

95

 

-

 

266,397

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

-

 

2,638

 

-

 

-

 

2,638

 

 

 

Pass/Unrated

 

12,979

 

67,742

 

43,497

 

70,532

 

130,468

 

630,098

 

5,386

 

-

 

960,702

 

 

Total commercial real estate non-owner occupied

$

14,336

$

239,155

$

220,967

$

143,777

$

214,890

$

1,238,292

$

5,483

$

-

$

2,076,900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate owner occupied

 

 

 

Watch

$

2,349

$

21,985

$

17,502

$

12,524

$

11,627

$

193,381

$

1,284

$

-

$

260,652

 

 

 

Special Mention

 

54

 

1,199

 

393

 

2,812

 

12,696

 

155,775

 

-

 

-

 

172,929

 

 

 

Substandard

 

-

 

2,543

 

38,389

 

1,618

 

28,588

 

160,872

 

-

 

-

 

232,010

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

-

 

1,780

 

-

 

-

 

1,780

 

 

 

Pass/Unrated

 

125,974

 

73,675

 

69,378

 

71,383

 

134,542

 

517,031

 

20,821

 

-

 

1,012,804

 

 

Total commercial real estate owner occupied

$

128,377

$

99,402

$

125,662

$

88,337

$

187,453

$

1,028,839

$

22,105

$

-

$

1,680,175

 

 

Commercial and industrial

 

 

 

Watch

$

87,921

$

134,092

$

178,463

$

86,947

$

42,467

$

384,411

$

158,988

$

-

$

1,073,289

 

 

 

Special Mention

 

13,707

 

8,838

 

11,684

 

18,669

 

2,967

 

121,591

 

31,931

 

-

 

209,387

 

 

 

Substandard

 

25,365

 

3,026

 

18,608

 

4,708

 

2,280

 

67,149

 

44,995

 

-

 

166,131

 

 

 

Doubtful

 

-

 

-

 

-

 

8

 

-

 

92

 

1

 

-

 

101

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

-

 

13

 

-

 

13

 

 

 

Pass/Unrated

 

1,049,264

 

538,094

 

236,635

 

232,684

 

155,962

 

429,213

 

356,166

 

-

 

2,998,018

 

 

Total commercial and industrial

$

1,176,257

$

684,050

$

445,390

$

343,016

$

203,676

$

1,002,456

$

592,094

$

-

$

4,446,939

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

Watch

$

-

$

2,382

$

14,961

$

-

$

-

$

-

$

340

$

-

$

17,683

 

 

 

Special Mention

 

-

 

-

 

675

 

-

 

-

 

-

 

-

 

-

 

675

 

 

 

Substandard

 

-

 

-

 

-

 

21,274

 

-

 

-

 

-

 

-

 

21,274

 

 

 

Pass/Unrated

 

200

 

32,478

 

11,941

 

61,526

 

952

 

-

 

29,883

 

-

 

136,980

 

Total construction

$

200

$

34,860

$

27,577

$

82,800

$

952

$

-

$

30,223

$

-

$

176,612

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Substandard

$

-

$

75

$

543

$

6,760

$

3,081

$

141,627

$

-

$

-

$

152,086

 

 

 

Pass/Unrated

 

66,032

 

241,427

 

189,294

 

229,641

 

236,672

 

5,295,666

 

-

 

-

 

6,258,732

 

Total mortgage

$

66,032

$

241,502

$

189,837

$

236,401

$

239,753

$

5,437,293

$

-

$

-

$

6,410,818

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leasing

 

 

 

Substandard

$

105

$

1,113

$

1,010

$

905

$

748

$

871

$

-

$

-

$

4,752

 

 

 

Pass/Unrated

 

216,468

 

362,984

 

251,172

 

137,438

 

86,160

 

39,214

 

-

 

-

 

1,093,436

 

Total leasing

$

216,573

$

364,097

$

252,182

$

138,343

$

86,908

$

40,085

$

-

$

-

$

1,098,188

June 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

Credit cards

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

-

$

17,849

$

-

$

17,849

 

 

 

Pass/Unrated

 

-

 

-

 

-

 

-

 

-

 

-

 

959,533

 

-

 

959,533

 

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

977,382

$

-

$

977,382

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

 

 

Pass/Unrated

$

-

$

-

$

-

$

-

$

-

$

589

$

3,977

$

-

$

4,566

 

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

589

$

3,977

$

-

$

4,566

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Substandard

$

406

$

4,612

$

1,962

$

1,701

$

1,213

$

22,553

$

5

$

1,814

$

34,266

 

 

 

Loss

 

-

 

118

 

43

 

25

 

9

 

12

 

-

 

-

 

207

 

 

 

Pass/Unrated

 

172,414

 

523,822

 

222,181

 

130,280

 

77,401

 

158,070

 

2,763

 

48,291

 

1,335,222

 

Total Personal

$

172,820

$

528,552

$

224,186

$

132,006

$

78,623

$

180,635

$

2,768

$

50,105

$

1,369,695

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 

 

Substandard

$

1,275

$

6,367

$

5,965

$

3,241

$

2,621

$

2,642

$

-

$

-

$

22,111

 

 

 

Pass/Unrated

 

416,560

 

997,272

 

738,141

 

367,906

 

223,903

 

138,431

 

-

 

-

 

2,882,213

 

Total Auto

$

417,835

$

1,003,639

$

744,106

$

371,147

$

226,524

$

141,073

$

-

$

-

$

2,904,324

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other consumer

 

 

 

Substandard

$

-

$

-

$

990

$

-

$

154

$

12,950

$

-

$

-

$

14,094

 

 

 

Pass/Unrated

 

5,647

 

18,699

 

13,351

 

7,247

 

3,107

 

12,268

 

56,028

 

-

 

116,347

 

Total Other consumer

$

5,647

$

18,699

$

14,341

$

7,247

$

3,261

$

25,218

$

56,028

$

-

$

130,441

Total Puerto Rico

$

2,203,342

$

3,250,828

$

2,270,672

$

1,545,200

$

1,246,803

$

9,167,093

$

1,690,160

$

50,105

$

21,424,203

June 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

 

 

 

Watch

$

11,405

$

50,845

$

52,246

$

50,347

$

79,281

$

82,293

$

-

$

-

$

326,417

 

 

 

Special mention

 

-

 

6,542

 

2,029

 

8,381

 

2,121

 

8,819

 

-

 

-

 

27,892

 

 

 

Substandard

 

-

 

-

 

-

 

2,097

 

7,484

 

1,778

 

-

 

-

 

11,359

 

 

 

Pass/Unrated

 

98,960

 

344,335

 

206,128

 

114,403

 

207,622

 

300,196

 

3,147

 

-

 

1,274,791

 

 

Total commercial multi-family

$

110,365

$

401,722

$

260,403

$

175,228

$

296,508

$

393,086

$

3,147

$

-

$

1,640,459

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate non-owner occupied

 

 

 

Watch

$

5,182

$

15,593

$

107,740

$

65,215

$

61,756

$

125,229

$

342

$

-

$

381,057

 

 

 

Special Mention

 

-

 

2,888

 

9,078

 

7,982

 

61,363

 

8,229

 

350

 

-

 

89,890

 

 

 

Substandard

 

-

 

12,338

 

13,352

 

11,267

 

41,637

 

53,188

 

-

 

-

 

131,782

 

 

 

Pass/Unrated

 

211,600

 

253,189

 

245,326

 

282,907

 

159,161

 

183,594

 

14,084

 

-

 

1,349,861

 

 

Total commercial real estate non-owner occupied

$

216,782

$

284,008

$

375,496

$

367,371

$

323,917

$

370,240

$

14,776

$

-

$

1,952,590

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate owner occupied

 

 

 

Watch

$

-

$

9,512

$

9,095

$

4,297

$

13,034

$

13,945

$

4,222

$

-

$

54,105

 

 

 

Special Mention

 

-

 

-

 

194

 

-

 

-

 

5,516

 

-

 

-

 

5,710

 

 

 

Substandard

 

-

 

-

 

1,342

 

-

 

1,365

 

20,583

 

-

 

-

 

23,290

 

 

 

Pass/Unrated

 

21,405

 

48,103

 

46,977

 

35,339

 

25,381

 

85,773

 

691

 

-

 

263,669

 

 

Total commercial real estate owner occupied

$

21,405

$

57,615

$

57,608

$

39,636

$

39,780

$

125,817

$

4,913

$

-

$

346,774

 

 

Commercial and industrial

 

 

 

Watch

$

16,892

$

1,375

$

302

$

3,627

$

749

$

13,487

$

6,070

$

-

$

42,502

 

 

 

Special Mention

 

2,982

 

-

 

250

 

170

 

4,647

 

928

 

258

 

-

 

9,235

 

 

 

Substandard

 

1,770

 

141

 

-

 

-

 

508

 

6,130

 

18

 

-

 

8,567

 

 

 

Pass/Unrated

 

258,557

 

198,530

 

202,995

 

163,343

 

135,819

 

332,098

 

91,436

 

-

 

1,382,778

 

 

Total commercial and industrial

$

280,201

$

200,046

$

203,547

$

167,140

$

141,723

$

352,643

$

97,782

$

-

$

1,443,082

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

Watch

$

3,079

$

-

$

11,005

$

6

$

-

$

22,872

$

-

$

-

$

36,962

 

 

 

Special Mention

 

-

 

-

 

-

 

-

 

-

 

18,061

 

-

 

-

 

18,061

 

 

 

Substandard

 

-

 

-

 

5,522

 

9,370

 

9,069

 

18,500

 

-

 

-

 

42,461

 

 

 

Pass/Unrated

 

35,664

 

231,041

 

172,604

 

175,831

 

39,271

 

-

 

-

 

-

 

654,411

 

Total construction

$

38,743

$

231,041

$

189,131

$

185,207

$

48,340

$

59,433

$

-

$

-

$

751,895

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Substandard

$

1,049

$

481

$

513

$

-

$

-

$

12,101

$

-

$

-

$

14,144

 

 

 

Pass/Unrated

 

224,023

 

293,140

 

140,801

 

10,618

 

12,469

 

415,782

 

-

 

-

 

1,096,833

 

Total mortgage

$

225,072

$

293,621

$

141,314

$

10,618

$

12,469

$

427,883

$

-

$

-

$

1,110,977

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legacy

 

 

 

Watch

$

-

$

-

$

-

$

-

$

-

$

1,045

$

-

$

-

$

1,045

 

 

 

Special Mention

 

-

 

-

 

-

 

-

 

-

 

192

 

-

 

-

 

192

 

 

 

Substandard

 

-

 

-

 

-

 

-

 

-

 

4,539

 

34

 

-

 

4,573

 

 

 

Pass/Unrated

 

-

 

-

 

-

 

-

 

-

 

10,018

 

1,172

 

-

 

11,190

 

Total legacy

$

-

$

-

$

-

$

-

$

-

$

15,794

$

1,206

$

-

$

17,000

June 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

Credit cards

 

 

 

Pass/Unrated

$

-

$

-

$

-

$

-

$

-

$

-

$

26

$

-

$

26

 

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

26

$

-

$

26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

195

$

-

$

713

$

908

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

313

 

-

 

7,021

 

7,334

 

 

 

Pass/Unrated

 

-

 

-

 

-

 

-

 

-

 

15,413

 

46,467

 

40,585

 

102,465

 

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

15,921

$

46,467

$

48,319

$

110,707

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Substandard

$

62

$

797

$

474

$

203

$

80

$

15

$

1

$

-

$

1,632

 

 

 

Loss

 

-

 

17

 

25

 

8

 

6

 

283

 

4

 

-

 

343

 

 

 

Pass/Unrated

 

41,120

 

148,668

 

47,113

 

16,091

 

5,236

 

11,055

 

210

 

-

 

269,493

 

Total Personal

$

41,182

$

149,482

$

47,612

$

16,302

$

5,322

$

11,353

$

215

$

-

$

271,468

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other consumer

 

 

 

Pass/Unrated

$

-

$

-

$

-

$

-

$

-

$

-

$

1,372

$

-

$

1,372

 

Total Other consumer

$

-

$

-

$

-

$

-

$

-

$

-

$

1,372

$

-

$

1,372

Total Popular U.S.

$

933,750

$

1,617,535

$

1,275,111

$

961,502

$

868,059

$

1,772,170

$

169,904

$

48,319

$

7,646,350

June 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

 

 

 

Watch

$

11,405

$

50,845

$

52,246

$

50,347

$

79,281

$

87,132

$

-

$

-

$

331,256

 

 

 

Special mention

 

-

 

6,542

 

2,029

 

8,381

 

2,121

 

12,650

 

-

 

-

 

31,723

 

 

 

Substandard

 

-

 

-

 

-

 

2,097

 

7,484

 

3,182

 

100

 

-

 

12,863

 

 

 

Pass/Unrated

 

104,225

 

381,207

 

232,552

 

116,529

 

212,385

 

362,735

 

3,147

 

-

 

1,412,780

 

 

Total commercial multi-family

$

115,630

$

438,594

$

286,827

$

177,354

$

301,271

$

465,699

$

3,247

$

-

$

1,788,622

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate non-owner occupied

 

 

 

Watch

$

6,539

$

111,740

$

258,110

$

134,125

$

93,981

$

389,200

$

342

$

-

$

994,037

 

 

 

Special Mention

 

-

 

30,621

 

9,078

 

8,101

 

95,922

 

179,999

 

352

 

-

 

324,073

 

 

 

Substandard

 

-

 

59,871

 

40,452

 

15,483

 

59,275

 

223,003

 

95

 

-

 

398,179

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

-

 

2,638

 

-

 

-

 

2,638

 

 

 

Pass/Unrated

 

224,579

 

320,931

 

288,823

 

353,439

 

289,629

 

813,692

 

19,470

 

-

 

2,310,563

 

 

Total commercial real estate non-owner occupied

$

231,118

$

523,163

$

596,463

$

511,148

$

538,807

$

1,608,532

$

20,259

$

-

$

4,029,490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial real estate owner occupied

 

 

 

Watch

$

2,349

$

31,497

$

26,597

$

16,821

$

24,661

$

207,326

$

5,506

$

-

$

314,757

 

 

 

Special Mention

 

54

 

1,199

 

587

 

2,812

 

12,696

 

161,291

 

-

 

-

 

178,639

 

 

 

Substandard

 

-

 

2,543

 

39,731

 

1,618

 

29,953

 

181,455

 

-

 

-

 

255,300

 

 

 

Doubtful

 

-

 

-

 

-

 

-

 

-

 

1,780

 

-

 

-

 

1,780

 

 

 

Pass/Unrated

 

147,379

 

121,778

 

116,355

 

106,722

 

159,923

 

602,804

 

21,512

 

-

 

1,276,473

 

 

Total commercial real estate owner occupied

$

149,782

$

157,017

$

183,270

$

127,973

$

227,233

$

1,154,656

$

27,018

$

-

$

2,026,949

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial and industrial

 

 

 

Watch

$

104,813

$

135,467

$

178,765

$

90,574

$

43,216

$

397,898

$

165,058

$

-

$

1,115,791

 

 

 

Special Mention

 

16,689

 

8,838

 

11,934

 

18,839

 

7,614

 

122,519

 

32,189

 

-

 

218,622

 

 

 

Substandard

 

27,135

 

3,167

 

18,608

 

4,708

 

2,788

 

73,279

 

45,013

 

-

 

174,698

 

 

 

Doubtful

 

-

 

-

 

-

 

8

 

-

 

92

 

1

 

-

 

101

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

-

 

13

 

-

 

13

 

 

 

Pass/Unrated

 

1,307,821

 

736,624

 

439,630

 

396,027

 

291,781

 

761,311

 

447,602

 

-

 

4,380,796

 

 

Total commercial and industrial

$

1,456,458

$

884,096

$

648,937

$

510,156

$

345,399

$

1,355,099

$

689,876

$

-

$

5,890,021

June 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Construction

 

 

 

Watch

$

3,079

$

2,382

$

25,966

$

6

$

-

$

22,872

$

340

$

-

$

54,645

 

 

 

Special Mention

 

-

 

-

 

675

 

-

 

-

 

18,061

 

-

 

-

 

18,736

 

 

 

Substandard

 

-

 

-

 

5,522

 

30,644

 

9,069

 

18,500

 

-

 

-

 

63,735

 

 

 

Pass/Unrated

 

35,864

 

263,519

 

184,545

 

237,357

 

40,223

 

-

 

29,883

 

-

 

791,391

 

Total construction

$

38,943

$

265,901

$

216,708

$

268,007

$

49,292

$

59,433

$

30,223

$

-

$

928,507

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage

 

 

 

Substandard

$

1,049

$

556

$

1,056

$

6,760

$

3,081

$

153,728

$

-

$

-

$

166,230

 

 

 

Pass/Unrated

 

290,055

 

534,567

 

330,095

 

240,259

 

249,141

 

5,711,448

 

-

 

-

 

7,355,565

 

Total mortgage

$

291,104

$

535,123

$

331,151

$

247,019

$

252,222

$

5,865,176

$

-

$

-

$

7,521,795

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Legacy

 

 

 

Watch

$

-

$

-

$

-

$

-

$

-

$

1,045

$

-

$

-

$

1,045

 

 

 

Special Mention

 

-

 

-

 

-

 

-

 

-

 

192

 

-

 

-

 

192

 

 

 

Substandard

 

-

 

-

 

-

 

-

 

-

 

4,539

 

34

 

-

 

4,573

 

 

 

Pass/Unrated

 

-

 

-

 

-

 

-

 

-

 

10,018

 

1,172

 

-

 

11,190

 

Total legacy

$

-

$

-

$

-

$

-

$

-

$

15,794

$

1,206

$

-

$

17,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Leasing

 

 

 

Substandard

$

105

$

1,113

$

1,010

$

905

$

748

$

871

$

-

$

-

$

4,752

 

 

 

Pass/Unrated

 

216,468

 

362,984

 

251,172

 

137,438

 

86,160

 

39,214

 

-

 

-

 

1,093,436

 

Total leasing

$

216,573

$

364,097

$

252,182

$

138,343

$

86,908

$

40,085

$

-

$

-

$

1,098,188

June 30, 2020

 

 

 

 

Term Loans

 

Revolving Loans Amortized Cost Basis

 

Revolving Loans Converted to Term Loans Amortized Cost Basis

 

 

 

 

 

 

Amortized Cost Basis by Origination Year

 

 

 

 

(In thousands)

 

2020

 

2019

 

2018

 

2017

 

2016

 

Prior

Years

 

 

 

Total

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer:

 

 

Credit cards

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

-

$

17,849

$

-

$

17,849

 

 

 

Pass/Unrated

 

-

 

-

 

-

 

-

 

-

 

-

 

959,559

 

-

 

959,559

 

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

977,408

$

-

$

977,408

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

 

 

Substandard

$

-

$

-

$

-

$

-

$

-

$

195

$

-

$

713

$

908

 

 

 

Loss

 

-

 

-

 

-

 

-

 

-

 

313

 

-

 

7,021

 

7,334

 

 

 

Pass/Unrated

 

-

 

-

 

-

 

-

 

-

 

16,002

 

50,444

 

40,585

 

107,031

 

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

16,510

$

50,444

$

48,319

$

115,273

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Personal

 

 

 

Substandard

$

468

$

5,409

$

2,436

$

1,904

$

1,293

$

22,568

$

6

$

1,814

$

35,898

 

 

 

Loss

 

-

 

135

 

68

 

33

 

15

 

295

 

4

 

-

 

550

 

 

 

Pass/Unrated

 

213,534

 

672,490

 

269,294

 

146,371

 

82,637

 

169,125

 

2,973

 

48,291

 

1,604,715

 

Total Personal

$

214,002

$

678,034

$

271,798

$

148,308

$

83,945

$

191,988

$

2,983

$

50,105

$

1,641,163

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Auto

 

 

 

Substandard

$

1,275

$

6,367

$

5,965

$

3,241

$

2,621

$

2,642

$

-

$

-

$

22,111

 

 

 

Pass/Unrated

 

416,560

 

997,272

 

738,141

 

367,906

 

223,903

 

138,431

 

-

 

-

 

2,882,213

 

Total Auto

$

417,835

$

1,003,639

$

744,106

$

371,147

$

226,524

$

141,073

$

-

$

-

$

2,904,324

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other consumer

 

 

 

Substandard

$

-

$

-

$

990

$

-

$

154

$

12,950

$

-

$

-

$

14,094

 

 

 

Pass/Unrated

 

5,647

 

18,699

 

13,351

 

7,247

 

3,107

 

12,268

 

57,400

 

-

 

117,719

 

Total Other consumer

$

5,647

$

18,699

$

14,341

$

7,247

$

3,261

$

25,218

$

57,400

$

-

$

131,813

Total Popular Inc.

$

3,137,092

$

4,868,363

$

3,545,783

$

2,506,702

$

2,114,862

$

10,939,263

$

1,860,064

$

98,424

$

29,070,553

December 31, 2019

 

 

 

 

Special

 

 

 

 

 

 

 

 

Pass/

 

 

(In thousands)

Watch

Mention

Substandard

Doubtful

Loss

Sub-total

Unrated

Total

Puerto Rico

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

$

1,341

$

3,870

$

1,793

$

-

$

-

$

7,004

$

140,845

$

147,849

Commercial real estate non-owner occupied

 

492,357

 

166,810

 

239,448

 

3,290

 

-

 

901,905

 

1,206,313

 

2,108,218

Commercial real estate owner occupied

 

192,895

 

184,678

 

183,377

 

1,629

 

-

 

562,579

 

1,023,750

 

1,586,329

Commercial and industrial

 

592,861

 

170,183

 

130,872

 

148

 

16

 

894,080

 

2,524,654

 

3,418,734

 

Total Commercial

 

1,279,454

 

525,541

 

555,490

 

5,067

 

16

 

2,365,568

 

4,895,562

 

7,261,130

Construction

 

340

 

649

 

20,771

 

-

 

-

 

21,760

 

115,710

 

137,470

Mortgage

 

2,187

 

2,218

 

127,621

 

-

 

-

 

132,026

 

6,034,722

 

6,166,748

Leasing

 

-

 

-

 

3,590

 

-

 

68

 

3,658

 

1,055,849

 

1,059,507

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

-

 

-

 

19,461

 

-

 

-

 

19,461

 

1,104,339

 

1,123,800

 

HELOCs

 

-

 

-

 

-

 

-

 

-

 

-

 

5,038

 

5,038

 

Personal

 

77

 

-

 

19,558

 

-

 

-

 

19,635

 

1,348,515

 

1,368,150

 

Auto

 

-

 

-

 

30,775

 

-

 

372

 

31,147

 

2,886,375

 

2,917,522

 

Other

 

459

 

11

 

15,020

 

-

 

53

 

15,543

 

125,324

 

140,867

 

Total Consumer

 

536

 

11

 

84,814

 

-

 

425

 

85,786

 

5,469,591

 

5,555,377

Total Puerto Rico

$

1,282,517

$

528,419

$

792,286

$

5,067

$

509

$

2,608,798

$

17,571,434

$

20,180,232

Popular U.S.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

$

48,359

$

13,827

$

8,433

$

-

$

-

$

70,619

$

1,576,691

$

1,647,310

Commercial real estate non-owner occupied

 

80,608

 

24,383

 

100,658

 

-

 

-

 

205,649

 

1,664,647

 

1,870,296

Commercial real estate owner occupied

 

27,298

 

5,709

 

13,826

 

-

 

-

 

46,833

 

292,302

 

339,135

Commercial and industrial

 

25,679

 

1,460

 

20,386

 

-

 

-

 

47,525

 

1,147,355

 

1,194,880

 

Total Commercial

 

181,944

 

45,379

 

143,303

 

-

 

-

 

370,626

 

4,680,995

 

5,051,621

Construction

 

46,644

 

17,291

 

44,798

 

-

 

-

 

108,733

 

584,889

 

693,622

Mortgage

 

-

 

-

 

11,091

 

-

 

-

 

11,091

 

1,005,693

 

1,016,784

Legacy

 

388

 

202

 

1,528

 

-

 

-

 

2,118

 

19,987

 

22,105

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

-

 

-

 

-

 

-

 

-

 

-

 

36

 

36

 

HELOCs

 

-

 

-

 

2,024

 

-

 

7,930

 

9,954

 

107,389

 

117,343

 

Personal

 

-

 

-

 

1,664

 

-

 

403

 

2,067

 

322,373

 

324,440

 

Other

 

-

 

-

 

-

 

-

 

-

 

-

 

690

 

690

 

Total Consumer

 

-

 

-

 

3,688

 

-

 

8,333

 

12,021

 

430,488

 

442,509

Total Popular U.S.

$

228,976

$

62,872

$

204,408

$

-

$

8,333

$

504,589

$

6,722,052

$

7,226,641

Popular, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Commercial multi-family

$

49,700

$

17,697

$

10,226

$

-

$

-

$

77,623

$

1,717,536

$

1,795,159

Commercial real estate non-owner occupied

 

572,965

 

191,193

 

340,106

 

3,290

 

-

 

1,107,554

 

2,870,960

 

3,978,514

Commercial real estate owner occupied

 

220,193

 

190,387

 

197,203

 

1,629

 

-

 

609,412

 

1,316,052

 

1,925,464

Commercial and industrial

 

618,540

 

171,643

 

151,258

 

148

 

16

 

941,605

 

3,672,009

 

4,613,614

 

Total Commercial

 

1,461,398

 

570,920

 

698,793

 

5,067

 

16

 

2,736,194

 

9,576,557

 

12,312,751

Construction

 

46,984

 

17,940

 

65,569

 

-

 

-

 

130,493

 

700,599

 

831,092

Mortgage

 

2,187

 

2,218

 

138,712

 

-

 

-

 

143,117

 

7,040,415

 

7,183,532

Legacy

 

388

 

202

 

1,528

 

-

 

-

 

2,118

 

19,987

 

22,105

Leasing

 

-

 

-

 

3,590

 

-

 

68

 

3,658

 

1,055,849

 

1,059,507

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

-

 

-

 

19,461

 

-

 

-

 

19,461

 

1,104,375

 

1,123,836

 

HELOCs

 

-

 

-

 

2,024

 

-

 

7,930

 

9,954

 

112,427

 

122,381

 

Personal

 

77

 

-

 

21,222

 

-

 

403

 

21,702

 

1,670,888

 

1,692,590

 

Auto

 

-

 

-

 

30,775

 

-

 

372

 

31,147

 

2,886,375

 

2,917,522

 

Other

 

459

 

11

 

15,020

 

-

 

53

 

15,543

 

126,014

 

141,557

 

Total Consumer

 

536

 

11

 

88,502

 

-

 

8,758

 

97,807

 

5,900,079

 

5,997,886

Total Popular, Inc.

$

1,511,493

$

591,291

$

996,694

$

5,067

$

8,842

$

3,113,387

$

24,293,486

$

27,406,873

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The following table presents the weighted average obligor risk rating at December 31, 2019 for those classifications that consider a range of rating scales.

Weighted average obligor risk rating

(Scales 11 and 12)

 

 

 

(Scales 1 through 8)

Puerto Rico:

 

 

 

 

Substandard

 

 

 

 

 

 

Pass

 

 

Commercial multi-family

 

 

 

 

 

11.82

 

 

 

 

 

 

 

6.02

 

 

Commercial real estate non-owner occupied

 

 

 

 

 

11.17

 

 

 

 

 

 

 

6.77

 

 

Commercial real estate owner occupied

 

 

 

 

 

11.36

 

 

 

 

 

 

 

7.30

 

 

Commercial and industrial

 

 

 

 

 

11.26

 

 

 

 

 

 

 

7.20

 

 

 

Total Commercial

 

 

 

 

 

11.25

 

 

 

 

 

 

 

7.10

 

 

Construction

 

 

 

 

 

11.01

 

 

 

 

 

 

 

7.85

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Popular U.S.:

 

 

 

 

Substandard

 

 

 

 

 

 

Pass

 

 

Commercial multi-family

 

 

 

 

 

11.25

 

 

 

 

 

 

 

7.37

 

 

Commercial real estate non-owner occupied

 

 

 

 

 

11.00

 

 

 

 

 

 

 

6.94

 

 

Commercial real estate owner occupied

 

 

 

 

 

11.02

 

 

 

 

 

 

 

7.48

 

 

Commercial and industrial

 

 

 

 

 

11.01

 

 

 

 

 

 

 

6.63

 

 

 

Total Commercial

 

 

 

 

 

11.02

 

 

 

 

 

 

 

7.04

 

 

Construction

 

 

 

 

 

11.00

 

 

 

 

 

 

 

7.74

 

 

Legacy

 

 

 

 

 

11.25

 

 

 

 

 

 

 

7.95

 

 
Impaired financing receivables

December 31, 2019

Puerto Rico

 

Impaired Loans – With an

Impaired Loans

 

 

 

 

 

 

 

Allowance

With No Allowance

Impaired Loans - Total

 

 

 

Unpaid

 

 

 

 

Unpaid

 

 

Unpaid

 

 

 

Recorded

principal

Related

Recorded

principal

Recorded

principal

 

Related

(In thousands)

investment

balance

allowance

investment

balance

investment

balance

 

allowance

Commercial multi-family

$

1,196

$

1,229

$

4

$

1,017

$

1,247

$

2,213

$

2,476

$

4

Commercial real estate non-owner occupied

 

44,975

 

45,803

 

12,281

 

149,587

 

173,124

 

194,562

 

218,927

 

12,281

Commercial real estate owner occupied

 

105,841

 

122,814

 

5,077

 

26,365

 

58,540

 

132,206

 

181,354

 

5,077

Commercial and industrial

 

43,640

 

47,611

 

3,171

 

24,831

 

44,255

 

68,471

 

91,866

 

3,171

Construction

 

119

 

119

 

6

 

-

 

-

 

119

 

119

 

6

Mortgage

 

420,949

 

479,936

 

40,596

 

101,520

 

134,331

 

522,469

 

614,267

 

40,596

Leasing

 

507

 

507

 

61

 

-

 

-

 

507

 

507

 

61

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

24,475

 

24,475

 

2,957

 

-

 

-

 

24,475

 

24,475

 

2,957

Personal

 

65,521

 

65,521

 

17,142

 

-

 

-

 

65,521

 

65,521

 

17,142

Auto

 

310

 

310

 

51

 

-

 

-

 

310

 

310

 

51

Other

 

851

 

851

 

109

 

-

 

-

 

851

 

851

 

109

Total Puerto Rico

$

708,384

$

789,176

$

81,455

$

303,320

$

411,497

$

1,011,704

$

1,200,673

$

81,455

December 31, 2019

Popular U.S.

 

Impaired Loans – With an

Impaired Loans

 

 

 

 

 

 

 

Allowance

With No Allowance

Impaired Loans - Total

 

 

 

Unpaid

 

 

 

 

Unpaid

 

 

Unpaid

 

 

 

Recorded

principal

Related

Recorded

principal

Recorded

principal

Related

(In thousands)

investment

balance

allowance

investment

balance

investment

balance

allowance

Commercial multi-family

$

-

$

-

$

-

$

2,097

$

2,539

$

2,097

$

2,539

$

-

Mortgage

 

6,906

 

7,257

 

2,208

 

2,480

 

2,844

 

9,386

 

10,101

 

2,208

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

HELOCs

 

6,691

 

6,691

 

1,560

 

2,829

 

3,087

 

9,520

 

9,778

 

1,560

Personal

 

26

 

26

 

3

 

88

 

88

 

114

 

114

 

3

Total Popular U.S.

$

13,623

$

13,974

$

3,771

$

7,494

$

8,558

$

21,117

$

22,532

$

3,771

December 31, 2019

Popular, Inc.

 

Impaired Loans – With an

Impaired Loans

 

 

 

 

 

 

 

Allowance

With No Allowance

Impaired Loans - Total

 

 

 

Unpaid

 

 

 

 

Unpaid

 

 

Unpaid

 

 

 

Recorded

principal

Related

Recorded

principal

Recorded

principal

Related

(In thousands)

investment

balance

allowance

investment

balance

investment

balance

allowance

Commercial multi-family

$

1,196

$

1,229

$

4

$

3,114

$

3,786

$

4,310

$

5,015

$

4

Commercial real estate non-owner occupied

 

44,975

 

45,803

 

12,281

 

149,587

 

173,124

 

194,562

 

218,927

 

12,281

Commercial real estate owner occupied

 

105,841

 

122,814

 

5,077

 

26,365

 

58,540

 

132,206

 

181,354

 

5,077

Commercial and industrial

 

43,640

 

47,611

 

3,171

 

24,831

 

44,255

 

68,471

 

91,866

 

3,171

Construction

 

119

 

119

 

6

 

-

 

-

 

119

 

119

 

6

Mortgage

 

427,855

 

487,193

 

42,804

 

104,000

 

137,175

 

531,855

 

624,368

 

42,804

Leasing

 

507

 

507

 

61

 

-

 

-

 

507

 

507

 

61

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

24,475

 

24,475

 

2,957

 

-

 

-

 

24,475

 

24,475

 

2,957

HELOCs

 

6,691

 

6,691

 

1,560

 

2,829

 

3,087

 

9,520

 

9,778

 

1,560

Personal

 

65,547

 

65,547

 

17,145

 

88

 

88

 

65,635

 

65,635

 

17,145

Auto

 

310

 

310

 

51

 

-

 

-

 

310

 

310

 

51

Other

 

851

 

851

 

109

 

-

 

-

 

851

 

851

 

109

Total Popular, Inc.

$

722,007

$

803,150

$

85,226

$

310,814

$

420,055

$

1,032,821

$

1,223,205

$

85,226

For the quarter ended June 30, 2019

 

Puerto Rico

 

Popular U.S.

 

Popular, Inc.

 

Average

 

Interest

 

Average

 

Interest

 

Average

 

Interest

 

recorded

 

income

 

recorded

 

income

 

recorded

 

income

(In thousands)

investment

 

recognized

 

investment

 

recognized

 

investment

 

recognized

Commercial multi-family

$

978

 

$

12

 

$

1,261

 

$

-

 

$

2,239

 

$

12

Commercial real estate non-owner occupied

 

176,552

 

 

2,512

 

 

-

 

 

-

 

 

176,552

 

 

2,512

Commercial real estate owner occupied

 

138,552

 

 

1,671

 

 

1,566

 

 

-

 

 

140,118

 

 

1,671

Commercial and industrial

 

67,976

 

 

725

 

 

-

 

 

-

 

 

67,976

 

 

725

Construction

 

1,788

 

 

-

 

 

12,060

 

 

-

 

 

13,848

 

 

-

Mortgage

 

518,311

 

 

4,026

 

 

9,416

 

 

34

 

 

527,727

 

 

4,060

Leasing

 

942

 

 

-

 

 

-

 

 

-

 

 

942

 

 

-

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

27,261

 

 

-

 

 

-

 

 

-

 

 

27,261

 

 

-

HELOCs

 

-

 

 

-

 

 

9,013

 

 

-

 

 

9,013

 

 

-

Personal

 

70,833

 

 

69

 

 

456

 

 

-

 

 

71,289

 

 

69

Auto

 

1,157

 

 

-

 

 

-

 

 

-

 

 

1,157

 

 

-

Other

 

1,144

 

 

-

 

 

-

 

 

-

 

 

1,144

 

 

-

Total Popular, Inc.

$

1,005,494

 

$

9,015

 

$

33,772

 

$

34

 

$

1,039,266

 

$

9,049

For the six months ended June 30, 2019

 

Puerto Rico

 

Popular U.S.

 

Popular, Inc.

 

Average

 

Interest

 

Average

 

Interest

 

Average

 

Interest

 

recorded

 

income

 

recorded

 

income

 

recorded

 

income

(In thousands)

investment

 

recognized

 

investment

 

recognized

 

investment

 

recognized

Commercial multi-family

$

963

 

$

24

 

$

840

 

$

-

 

$

1,803

 

$

24

Commercial real estate non-owner occupied

 

178,230

 

 

4,361

 

 

-

 

 

-

 

 

178,230

 

 

4,361

Commercial real estate owner occupied

 

139,056

 

 

3,173

 

 

1,044

 

 

-

 

 

140,100

 

 

3,173

Commercial and industrial

 

70,628

 

 

1,512

 

 

-

 

 

-

 

 

70,628

 

 

1,512

Construction

 

1,788

 

 

-

 

 

12,060

 

 

-

 

 

13,848

 

 

-

Mortgage

 

515,363

 

 

8,025

 

 

9,417

 

 

73

 

 

524,780

 

 

8,098

Leasing

 

994

 

 

-

 

 

-

 

 

-

 

 

994

 

 

-

Consumer:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Credit cards

 

27,784

 

 

-

 

 

-

 

 

-

 

 

27,784

 

 

-

HELOCs

 

-

 

 

-

 

 

8,586

 

 

-

 

 

8,586

 

 

-

Personal

 

71,551

 

 

144

 

 

562

 

 

-

 

 

72,113

 

 

144

Auto

 

1,158

 

 

-

 

 

-

 

 

-

 

 

1,158

 

 

-

Other

 

1,181

 

 

-

 

 

-

 

 

-

 

 

1,181

 

 

-

Total Popular, Inc.

$

1,008,696

 

$

17,239

 

$

32,509

 

$

73

 

$

1,041,205

 

$

17,312
ASC Subtopic 310-30  
Allowance for credit losses on financing receivables The following table provides the activity in the allowance for credit losses related to loans accounted for pursuant to ASC Subtopic 310-30

 

 

 

For the quarters ended

For the six months ended

(In thousands)

June 30, 2019

June 30, 2019

Balance at beginning of period

$

124,147

$

122,135

Provision (reversal of provision)

 

4,884

 

12,610

Net charge-offs

 

(8,213)

 

(13,927)

Balance at end of period

$

120,818

$

120,818