Commitments and contingencies (Tables)

12 Months Ended

Dec. 31, 2020

Commitments and Contingencies Disclosure

Financial Instruments with Off-Balance Sheet Credit Risk, Whose Contract Amounts Represent Potential Credit Risk

(In thousands)		December 31, 2020		December 31, 2019
Commitments to extend credit:
	Credit card lines	$	5,226,660	$	4,889,694
	Commercial and construction lines of credit		3,805,459		3,205,306
	Other consumer unused credit commitments		257,312		262,516
Commercial letters of credit			1,864		2,629
Standby letters of credit			22,266		75,186
Commitments to originate or fund mortgage loans			96,786		96,653

Direct exposure to the Puerto Rico government by maturity

(In thousands)		Investment Portfolio		Loans		Total Outstanding		Total Exposure
Central Government
After 1 to 5 years	$	11	$	-	$	11	$	11
After 5 to 10 years		14		-		14		14
After 10 years		35		-		35		35
Total Central Government		60		-		60		60
Municipalities
Within 1 year		3,990		17,147		21,137		21,137
After 1 to 5 years		16,030		133,445		149,475		149,475
After 5 to 10 years		14,845		120,935		135,780		135,780
After 10 years		450		70,478		70,928		70,928
Total Municipalities		35,315		342,005		377,320		377,320
Total Direct Government Exposure	$	35,375	$	342,005	$	377,380	$	377,380