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

12 Months Ended

Dec. 31, 2021

Allowance for credit losses on financing receivables

For the year ended December 31, 2021
Puerto Rico
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	225,323	$	4,871	$	195,557	$	16,863	$	297,136	$	739,750
	Provision for credit losses (benefit)		(91,695)		(1,533)		(57,684)		2,094		19,800		(129,018)
	Initial allowance for credit losses - PCD Loans		-		-		3,142		-		-		3,142
	Charge-offs		(17,180)		(6,620)		(17,656)		(4,637)		(78,047)		(124,140)
	Recoveries		35,480		4,923		14,927		3,258		45,840		104,428
Ending balance - loans		$	151,928	$	1,641	$	138,286	$	17,578	$	284,729	$	594,162
Allowance for credit losses - unfunded commitments:
Beginning balance		$	4,913	$	4,610	$	-	$	-	$	-	$	9,523
	Provision for credit losses (benefit)		(3,162)		(2,222)		-		-		-		(5,384)
Ending balance - unfunded commitments [1]		$	1,751	$	2,388	$	-	$	-	$	-	$	4,139
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the year ended December 31, 2021
Popular U.S.
(In thousands)		Commercial		Construction		Mortgage		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	108,057	$	9,366	$	20,159	$	18,918	$	156,500
	Provision for credit losses (benefit)		(45,427)		(4,764)		(3,949)		(187)		(54,327)
	Charge-offs		(1,177)		(523)		(605)		(8,732)		(11,037)
	Recoveries		2,424		643		587		6,414		10,068
Ending balance - loans		$	63,877	$	4,722	$	16,192	$	16,413	$	101,204
Allowance for credit losses - unfunded commitments:
Beginning balance		$	1,753	$	4,469	$	-	$	106	$	6,328
	Provision for credit losses (benefit)		(369)		(2,132)		-		(69)		(2,570)
Ending balance - unfunded commitments [1]		$	1,384	$	2,337	$	-	$	37	$	3,758
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the year ended December 31, 2021
Popular, Inc.
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	333,380	$	14,237	$	215,716	$	16,863	$	316,054	$	896,250
	Provision for credit losses (benefit)		(137,122)		(6,297)		(61,633)		2,094		19,613		(183,345)
	Initial allowance for credit losses - PCD Loans		-		-		3,142		-		-		3,142
	Charge-offs		(18,357)		(7,143)		(18,261)		(4,637)		(86,779)		(135,177)
	Recoveries		37,904		5,566		15,514		3,258		52,254		114,496
Ending balance - loans		$	215,805	$	6,363	$	154,478	$	17,578	$	301,142	$	695,366
Allowance for credit losses - unfunded commitments:
Beginning balance		$	6,666	$	9,079	$	-	$	-	$	106	$	15,851
	Provision for credit losses (benefit)		(3,531)		(4,354)		-		-		(69)		(7,954)
Ending balance - unfunded commitments [1]		$	3,135	$	4,725	$	-	$	-	$	37	$	7,897
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the year ended December 31, 2020
Puerto Rico
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
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 for credit losses		48,756		3,228		5,318		14,172		134,391		205,865
	Initial allowance for credit losses - PCD Loans		-		-		7,512		-		-		7,512
	Charge-offs		(27,731)		-		(30,080)		(10,447)		(170,023)		(238,281)
	Recoveries		10,842		954		10,445		3,083		36,311		61,635
Ending balance - loans		$	225,323	$	4,871	$	195,557	$	16,863	$	297,136	$	739,750
Allowance for credit losses - unfunded commitments:
Beginning balance		$	678	$	294	$	-	$	-	$	7,467	$	8,439
	Impact of adopting CECL		1,158		(185)		-		-		(7,467)		(6,494)
	Provision for credit losses		3,077		4,501		-		-		-		7,578
Ending balance - unfunded commitments [1]		$	4,913	$	4,610	$	-	$	-	$	-	$	9,523
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the year ended December 31, 2020
Popular U.S.
(In thousands)		Commercial		Construction		Mortgage		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	16,557	$	4,266	$	4,827	$	19,407	$	45,057
	Impact of adopting CECL		29,537		(3,038)		10,431		7,809		44,739
	Provision for credit losses		59,748		8,427		4,891		3,405		76,471
	Charge-offs		(2,078)		(1,509)		(59)		(17,404)		(21,050)
	Recoveries		4,293		1,220		69		5,701		11,283
Ending balance - loans		$	108,057	$	9,366	$	20,159	$	18,918	$	156,500
Allowance for credit losses - unfunded commitments:
Beginning balance		$	152	$	125	$	-	$	1	$	278
	Impact of adopting CECL		453		582		-		(1)		1,034
	Provision for credit losses		1,148		3,762		-		106		5,016
Ending balance - unfunded commitments [1]		$	1,753	$	4,469	$	-	$	106	$	6,328
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the year ended December 31, 2020
Popular, Inc.
(In thousands)		Commercial		Construction		Mortgage		Leasing		Consumer		Total
Allowance for credit losses - loans:
Beginning balance		$	147,620	$	4,840	$	121,108	$	10,768	$	193,372	$	477,708
	Impact of adopting CECL		91,930		(2,923)		96,512		(713)		130,301		315,107
	Provision for credit losses		108,504		11,655		10,209		14,172		137,796		282,336
	Initial allowance for credit losses - PCD Loans		-		-		7,512		-		-		7,512
	Charge-offs		(29,809)		(1,509)		(30,139)		(10,447)		(187,427)		(259,331)
	Recoveries		15,135		2,174		10,514		3,083		42,012		72,918
Ending balance - loans		$	333,380	$	14,237	$	215,716	$	16,863	$	316,054	$	896,250
Allowance for credit losses - unfunded commitments:
Beginning balance		$	830	$	419	$	-	$	-	$	7,468	$	8,717
	Impact of adopting CECL		1,611		397		-		-		(7,468)		(5,460)
	Provision for credit losses		4,225		8,263		-		-		106		12,594
Ending balance - unfunded commitments [1]		$	6,666	$	9,079	$	-	$	-	$	106	$	15,851
[1]	Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

Schedule of Trouble Debt Restructurings breakdown by Accrual and Nonaccrual Status

	December 31, 2021								December 31, 2020
(In thousands)		Accruing		Non-Accruing		Total		Related Allowance		Accruing		Non-Accruing		Total		Related Allowance
Loans held-in-portfolio:
Commercial	$	261,344	$	64,744	$	326,088	$	24,736	$	259,246	$	103,551	$	362,797	$	15,236
Construction		-		-		-		-		-		21,497		21,497		4,397
Mortgage[1]		1,143,204		112,509		1,255,713		61,888		1,060,193		135,772		1,195,965		71,018
Leasing		325		47		372		42		392		218		610		150
Consumer		64,093		10,556		74,649		16,124		74,707		12,792		87,499		22,508
Loans held-in-portfolio	$	1,468,966	$	187,856	$	1,656,822	$	102,790	$	1,394,538	$	273,830	$	1,668,368	$	113,309
[1] At December 31, 2021, accruing mortgage loan TDRs include $716 million guaranteed by U.S. sponsored entities at BPPR, compared to $655 million at December 31, 2020.

Troubled Debt Restructurings Loan Count By Type Of Modification

For the year ended December 31, 2021
	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	-	11	1	-
Commercial real estate owner occupied	4	23	4	12
Commercial and industrial	5	13	-	21
Mortgage	39	140	1,590	5
Leasing	-	-	2	-
Consumer:
Credit cards	134	-	1	43
HELOCs	-	1	1	-
Personal	183	117	1	2
Auto	-	7	3	-
Other	7	-	-	1
Total	372	313	1,604	84

For the year ended December 31, 2020
	Reduction in interest rate	Extension of maturity date	Combination of reduction in interest rate and extension of maturity date	Other
Commercial multi-family	-	2	-	-
Commercial real estate non-owner occupied	2	10	-	1
Commercial real estate owner occupied	-	37	-	-
Commercial and industrial	3	50	-	-
Construction	-	1	-	-
Mortgage	3	68	331	411
Leasing	-	-	5	17
Consumer:
Credit cards	659	-	-	93
HELOCs	-	2	1	-
Personal	355	5	1	1
Auto	-	2	2	38
Other	3	-	-	-
Total	1,025	177	340	561

Troubled Debt Restructurings on Financing Receivables

Popular, Inc.
For the year ended December 31, 2021
(Dollars in thousands)	Loan count	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Increase (decrease) in the allowance for credit losses as a result of modification
Commercial multi-family	2	$	246	$	211	$	26
Commercial real estate non-owner occupied	12		3,612		3,604		177
Commercial real estate owner occupied	43		95,354		90,096		1,577
Commercial and industrial	39		6,573		5,719		745
Mortgage	1,774		213,661		214,367		6,632
Leasing	2		40		38		5
Consumer:
Credit cards	178		2,223		2,136		42
HELOCs	2		176		228		54
Personal	303		4,222		4,217		899
Auto	10		199		206		65
Other	8		305		303		124
Total	2,373	$	326,611	$	321,125	$	10,346

Popular, Inc.
For the year ended December 31, 2020
(Dollars in thousands)	Loan count	Pre-modification outstanding recorded investment		Post-modification outstanding recorded investment		Increase (decrease) in the allowance for credit losses as a result of modification
Commercial multi-family	2	$	1,133	$	1,115	$	(18)
Commercial real estate non-owner occupied	13		25,217		22,065		(969)
Commercial real estate owner occupied	37		10,955		10,914		137
Commercial and industrial	53		3,140		3,178		34
Construction	1		21,514		21,514		4,370
Mortgage	813		102,559		85,394		6,875
Leasing	22		720		732		65
Consumer:
Credit cards	752		7,048		7,097		286
HELOCs	3		510		396		33
Personal	362		6,194		6,188		1,043
Auto	42		836		838		131
Other	3		25		25		6
Total	2,103	$	179,851	$	159,456	$	11,993

T D R Loans Subsequent Default

Defaulted during the year ended December 31, 2021
(Dollars in thousands)	Loan count	Recorded investment as of first default date
Commercial real estate non-owner occupied	4	$	8,421
Commercial real estate owner occupied	4		4,500
Commercial and industrial	5		317
Mortgage	104		10,543
Consumer:
Credit cards	81		979
Personal	27		723
Total	225	$	25,483

Defaulted during the year ended December 31, 2020
(Dollars in thousands)	Loan count	Recorded investment as of first default date
Commercial real estate non-owner occupied	1	$	1,700
Commercial real estate owner occupied	6		933
Commercial and industrial	4		141
Construction	1		21,497
Mortgage	249		26,925
Consumer:
Credit cards	317		2,560
Personal	99		1,660
Other	2		1
Total	679	$	55,417

Financing Receivable Credit Quality Indicators

December 31, 2021
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2021		2020		2019		2018		2017		Prior Years						Total
Puerto Rico
	Commercial:
		Commercial multi-family
			Watch	$	-	$	-	$	-	$	-	$	-	$	4,485	$	-	$	-	$	4,485
			Special mention		-		-		-		-		-		3,025		-		-		3,025
			Substandard		-		-		982		-		-		6,257		100		-		7,339
			Pass		24,936		21,288		34,840		25,311		2,066		31,468		11		-		139,920
		Total commercial multi-family		$	24,936	$	21,288	$	35,822	$	25,311	$	2,066	$	45,235	$	111	$	-	$	154,769
		Commercial real estate non-owner occupied
			Watch	$	100,465	$	228,852	$	25,443	$	137,044	$	2,406	$	205,304	$	3,237	$	-	$	702,751
			Special Mention		18,509		12,563		7,271		-		4,608		24,056		-		-		67,007
			Substandard		30,155		27,790		24,200		25,456		2,770		72,407		-		-		182,778
			Pass		513,087		88,662		88,353		37,999		42,522		557,052		9,712		-		1,337,387
		Total commercial real estate non-owner occupied		$	662,216	$	357,867	$	145,267	$	200,499	$	52,306	$	858,819	$	12,949	$	-	$	2,289,923
		Commercial real estate owner occupied
			Watch	$	8,393	$	8,612	$	8,972	$	6,958	$	3,039	$	121,716	$	-	$	-	$	157,690
			Special Mention		5,573		857		7,598		1,427		2,449		103,472		-		-		121,376
			Substandard		6,960		1,028		1,646		35,529		1,869		113,288		-		-		160,320
			Doubtful		-		-		-		-		76		612		-		-		688
			Pass		238,533		198,442		44,943		23,112		32,585		429,651		16,389		-		983,655
		Total commercial real estate owner occupied		$	259,459	$	208,939	$	63,159	$	67,026	$	40,018	$	768,739	$	16,389	$	-	$	1,423,729

	Commercial and industrial
		Watch	$	186,529	$	12,542	$	21,536	$	103,835	$	14,577	$	90,776	$	108,183	$	-	$	537,978
		Special Mention		7,380		9,936		14,856		28,473		1,012		28,448		60,397		-		150,502
		Substandard		2,190		1,091		3,041		35,826		66,771		45,168		38,003		-		192,090
		Doubtful		-		-		-		-		-		62		-		-		62
		Pass		843,661		335,369		275,357		84,084		72,580		333,869		702,896		-		2,647,816
	Total commercial and industrial		$	1,039,760	$	358,938	$	314,790	$	252,218	$	154,940	$	498,323	$	909,479	$	-	$	3,528,448
Construction
		Substandard	$	-	$	-	$	485	$	-	$	-	$	-	$	-	$	-	$	485
		Pass		21,596		41,622		1,148		-		-		-		22,260		-		86,626
Total construction			$	21,596	$	41,622	$	1,633	$	-	$	-	$	-	$	22,260	$	-	$	87,111
Mortgage
		Substandard	$	-	$	954	$	5,212	$	5,613	$	4,310	$	122,690	$	-	$	-	$	138,779
		Pass		463,742		304,780		223,464		265,239		194,982		4,660,880		-		-		6,113,087
Total mortgage			$	463,742	$	305,734	$	228,676	$	270,852	$	199,292	$	4,783,570	$	-	$	-	$	6,251,866
Leasing
		Substandard	$	124	$	618	$	880	$	613	$	613	$	235	$	-	$	-	$	3,083
		Loss		-		-		-		1		16		2		-		-		19
		Pass		613,452		328,085		222,770		133,112		62,881		17,917		-		-		1,378,217
Total leasing			$	613,576	$	328,703	$	223,650	$	133,726	$	63,510	$	18,154	$	-	$	-	$	1,381,319

December 31, 2021
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2021		2020		2019		2018		2017		Prior Years						Total
Puerto Rico
	Consumer:
		Credit cards
			Substandard	$	-	$	-	$	-	$	-	$	-	$	-	$	8,577	$	-	$	8,577
			Pass		-		-		-		-		-		-		911,274		-		911,274
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	919,851	$	-	$	919,851
		HELOCs
			Substandard		-		-		-		-		-		-		23		-		23
			Pass	$	-	$	-	$	-	$	-	$	-	$	-	$	3,548	$	-	$	3,548
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	-	$	3,571	$	-	$	3,571
		Personal
			Substandard	$	426	$	610	$	2,105	$	866	$	936	$	15,680	$	-	$	1,385	$	22,008
			Loss		30		2		3		-		-		3		-		-		38
			Pass		539,604		197,652		227,328		91,341		53,630		120,065		-		36,394		1,266,014
	Total Personal			$	540,060	$	198,264	$	229,436	$	92,207	$	54,566	$	135,748	$	-	$	37,779	$	1,288,060
		Auto
			Substandard	$	3,080	$	7,520	$	9,498	$	4,739	$	2,210	$	1,422	$	-	$	-	$	28,469
			Loss		42		11		-		-		-		-		-		-		53
			Pass		1,259,800		808,339		637,300		420,293		177,104		80,829		-		-		3,383,665
	Total Auto			$	1,262,922	$	815,870	$	646,798	$	425,032	$	179,314	$	82,251	$	-	$	-	$	3,412,187
		Other consumer
			Substandard	$	-	$	114	$	21	$	487	$	-	$	135	$	11,250	$	-	$	12,007
			Loss		-		-		-		579		-		34		-		-		613
			Pass		24,845		9,781		9,348		5,610		3,914		947		57,483		-		111,928
	Total Other consumer			$	24,845	$	9,895	$	9,369	$	6,676	$	3,914	$	1,116	$	68,733	$	-	$	124,548
Total Puerto Rico				$	4,913,112	$	2,647,120	$	1,898,600	$	1,473,547	$	749,926	$	7,191,955	$	1,953,343	$	37,779	$	20,865,382

December 31, 2021
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2021		2020		2019		2018		2017		Prior Years						Total
Popular U.S.
	Commercial:
		Commercial multi-family
			Watch	$	8,600	$	41,348	$	56,229	$	20,682	$	37,343	$	48,753	$	-	$	-	$	212,955
			Special mention		-		3,752		9,013		30,244		11,071		28,297		-		-		82,377
			Substandard		-		-		67,149		12,748		-		18,644		-		-		98,541
			Pass		422,613		241,805		201,298		144,534		46,809		352,724		4,205		-		1,413,988
		Total commercial multi-family		$	431,213	$	286,905	$	333,689	$	208,208	$	95,223	$	448,418	$	4,205	$	-	$	1,807,861
		Commercial real estate non-owner occupied
			Watch	$	12,716	$	22,109	$	42,067	$	56,576	$	28,604	$	154,289	$	780	$	-	$	317,141
			Special Mention		2,939		-		3,205		7,025		10,573		15,569		-		-		39,311
			Substandard		-		756		6,405		14,544		11,384		60,323		-		-		93,412
			Pass		543,667		356,071		156,925		211,432		250,516		346,606		8,386		-		1,873,603
		Total commercial real estate non-owner occupied		$	559,322	$	378,936	$	208,602	$	289,577	$	301,077	$	576,787	$	9,166	$	-	$	2,323,467
		Commercial real estate owner occupied
			Watch	$	-	$	239	$	7,825	$	8,150	$	1,676	$	17,132	$	4,222	$	-	$	39,244
			Special Mention		-		-		-		-		-		1,800		-		-		1,800
			Substandard		-		-		1,148		2,878		-		20,841		-		-		24,867
			Pass		129,898		46,737		34,355		23,845		26,236		63,463		3,928		-		328,462
		Total commercial real estate owner occupied		$	129,898	$	46,976	$	43,328	$	34,873	$	27,912	$	103,236	$	8,150	$	-	$	394,373

	Commercial and industrial
		Watch	$	3,747	$	4,667	$	4,292	$	9,273	$	5	$	1,530	$	3,925	$	-	$	27,439
		Special Mention		2,504		7,203		670		481		59		215		8,177		-		19,309
		Substandard		537		97		4,559		495		168		1,890		159		-		7,905
		Loss		262		58		108		17		51		191		-		-		687
		Pass		273,254		339,564		211,695		191,086		115,146		339,336		284,710		-		1,754,791
	Total commercial and industrial		$	280,304	$	351,589	$	221,324	$	201,352	$	115,429	$	343,162	$	296,971	$	-	$	1,810,131
Construction
		Watch	$	-	$	14,300	$	23,547	$	28,757	$	34,205	$	-	$	-	$	-	$	100,809
		Special Mention		-		-		-		-		-		13,622		-		-		13,622
		Substandard		-		-		-		15,438		10,231		-		-		-		25,669
		Pass		130,587		136,045		165,105		13,634		36,500		7,138		-		-		489,009
Total construction			$	130,587	$	150,345	$	188,652	$	57,829	$	80,936	$	20,760	$	-	$	-	$	629,109
Mortgage
		Substandard	$	-	$	4,338	$	3,894	$	967	$	217	$	12,680	$	-	$	-	$	22,096
		Pass		326,641		266,212		215,071		61,986		6,376		276,948		-		-		1,153,234
Total mortgage			$	326,641	$	270,550	$	218,965	$	62,953	$	6,593	$	289,628	$	-	$	-	$	1,175,330

December 31, 2021
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2021		2020		2019		2018		2017		Prior Years						Total
Popular U.S.
	Consumer:
		Credit cards
			Pass	$	-	$	-	$	-	$	-	$	-	$	-	$	10	$	-	$	10
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	10	$	-	$	10
		HELOCs
			Substandard	$	-	$	-	$	-	$	-	$	-	$	3,006	$	-	$	935	$	3,941
			Loss		-		-		-		-		-		207		-		1,258		1,465
			Pass		-		-		-		-		-		11,423		38,267		20,195		69,885
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	14,636	$	38,267	$	22,388	$	75,291
		Personal
			Substandard	$	72	$	81	$	250	$	73	$	17	$	163	$	2	$	-	$	658
			Loss		-		-		4		-		-		19		-		-		23
			Pass		75,538		19,411		43,346		7,418		2,802		5,625		124		-		154,264
	Total Personal			$	75,610	$	19,492	$	43,600	$	7,491	$	2,819	$	5,807	$	126	$	-	$	154,945
		Other consumer
			Pass	$	-	$	-	$	-	$	-	$	-	$	-	$	4,658	$	-	$	4,658
	Total Other consumer			$	-	$	-	$	-	$	-	$	-	$	-	$	4,658	$	-	$	4,658
Total Popular U.S.				$	1,933,575	$	1,504,793	$	1,258,160	$	862,283	$	629,989	$	1,802,434	$	361,553	$	22,388	$	8,375,175

December 31, 2021
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2021		2020		2019		2018		2017		Prior Years						Total
Popular, Inc.
	Commercial:
		Commercial multi-family
			Watch	$	8,600	$	41,348	$	56,229	$	20,682	$	37,343	$	53,238	$	-	$	-	$	217,440
			Special mention		-		3,752		9,013		30,244		11,071		31,322		-		-		85,402
			Substandard		-		-		68,131		12,748		-		24,901		100		-		105,880
			Pass		447,549		263,093		236,138		169,845		48,875		384,192		4,216		-		1,553,908
		Total commercial multi-family		$	456,149	$	308,193	$	369,511	$	233,519	$	97,289	$	493,653	$	4,316	$	-	$	1,962,630
		Commercial real estate non-owner occupied
			Watch	$	113,181	$	250,961	$	67,510	$	193,620	$	31,010	$	359,593	$	4,017	$	-	$	1,019,892
			Special Mention		21,448		12,563		10,476		7,025		15,181		39,625		-		-		106,318
			Substandard		30,155		28,546		30,605		40,000		14,154		132,730		-		-		276,190
			Pass		1,056,754		444,733		245,278		249,431		293,038		903,658		18,098		-		3,210,990
		Total commercial real estate non-owner occupied		$	1,221,538	$	736,803	$	353,869	$	490,076	$	353,383	$	1,435,606	$	22,115	$	-	$	4,613,390
		Commercial real estate owner occupied
			Watch	$	8,393	$	8,851	$	16,797	$	15,108	$	4,715	$	138,848	$	4,222	$	-	$	196,934
			Special Mention		5,573		857		7,598		1,427		2,449		105,272		-		-		123,176
			Substandard		6,960		1,028		2,794		38,407		1,869		134,129		-		-		185,187
			Doubtful		-		-		-		-		76		612		-		-		688
			Pass		368,431		245,179		79,298		46,957		58,821		493,114		20,317		-		1,312,117
		Total commercial real estate owner occupied		$	389,357	$	255,915	$	106,487	$	101,899	$	67,930	$	871,975	$	24,539	$	-	$	1,818,102
		Commercial and industrial
			Watch	$	190,276	$	17,209	$	25,828	$	113,108	$	14,582	$	92,306	$	112,108	$	-	$	565,417
			Special Mention		9,884		17,139		15,526		28,954		1,071		28,663		68,574		-		169,811
			Substandard		2,727		1,188		7,600		36,321		66,939		47,058		38,162		-		199,995
			Doubtful		-		-		-		-		-		62		-		-		62
			Loss		262		58		108		17		51		191		-		-		687
			Pass		1,116,915		674,933		487,052		275,170		187,726		673,205		987,606		-		4,402,607
		Total commercial and industrial		$	1,320,064	$	710,527	$	536,114	$	453,570	$	270,369	$	841,485	$	1,206,450	$	-	$	5,338,579

December 31, 2021
			Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
			Amortized Cost Basis by Origination Year
(In thousands)				2021		2020		2019		2018		2017		Prior Years						Total
Popular, Inc.
	Construction
		Watch	$	-	$	14,300	$	23,547	$	28,757	$	34,205	$	-	$	-	$	-	$	100,809
		Special Mention		-		-		-		-		-		13,622		-		-		13,622
		Substandard		-		-		485		15,438		10,231		-		-		-		26,154
		Pass		152,183		177,667		166,253		13,634		36,500		7,138		22,260		-		575,635
	Total construction		$	152,183	$	191,967	$	190,285	$	57,829	$	80,936	$	20,760	$	22,260	$	-	$	716,220
	Mortgage
		Substandard	$	-	$	5,292	$	9,106	$	6,580	$	4,527	$	135,370	$	-	$	-	$	160,875
		Pass		790,383		570,992		438,535		327,225		201,358		4,937,828		-		-		7,266,321
	Total mortgage		$	790,383	$	576,284	$	447,641	$	333,805	$	205,885	$	5,073,198	$	-	$	-	$	7,427,196
	Leasing
		Substandard	$	124	$	618	$	880	$	613	$	613	$	235	$	-	$	-	$	3,083
		Loss		-		-		-		1		16		2		-		-		19
		Pass		613,452		328,085		222,770		133,112		62,881		17,917		-		-		1,378,217
	Total leasing		$	613,576	$	328,703	$	223,650	$	133,726	$	63,510	$	18,154	$	-	$	-	$	1,381,319

December 31, 2021
				Term Loans													Revolving Loans Amortized Cost Basis		Revolving Loans Converted to Term Loans Amortized Cost Basis
				Amortized Cost Basis by Origination Year
(In thousands)					2021		2020		2019		2018		2017		Prior Years						Total
Popular, Inc.
	Consumer:
		Credit cards
			Substandard	$	-	$	-	$	-	$	-	$	-	$	-	$	8,577	$	-	$	8,577
			Pass		-		-		-		-		-		-		911,284		-		911,284
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	919,861	$	-	$	919,861
		HELOCs
			Substandard	$	-	$	-	$	-	$	-	$	-	$	3,006	$	23	$	935	$	3,964
			Loss		-		-		-		-		-		207		-		1,258		1,465
			Pass		-		-		-		-		-		11,423		41,815		20,195		73,433
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	14,636	$	41,838	$	22,388	$	78,862
		Personal
			Substandard	$	498	$	691	$	2,355	$	939	$	953	$	15,843	$	2	$	1,385	$	22,666
			Loss		30		2		7		-		-		22		-		-		61
			Pass		615,142		217,063		270,674		98,759		56,432		125,690		124		36,394		1,420,278
	Total Personal			$	615,670	$	217,756	$	273,036	$	99,698	$	57,385	$	141,555	$	126	$	37,779	$	1,443,005
		Auto
			Substandard	$	3,080	$	7,520	$	9,498	$	4,739	$	2,210	$	1,422	$	-	$	-	$	28,469
			Loss		42		11		-		-		-		-		-		-		53
			Pass		1,259,800		808,339		637,300		420,293		177,104		80,829		-		-		3,383,665
	Total Auto			$	1,262,922	$	815,870	$	646,798	$	425,032	$	179,314	$	82,251	$	-	$	-	$	3,412,187
		Other consumer
			Substandard	$	-	$	114	$	21	$	487	$	-	$	135	$	11,250	$	-	$	12,007
			Loss		-		-		-		579		-		34		-		-		613
			Pass		24,845		9,781		9,348		5,610		3,914		947		62,141		-		116,586
	Total Other consumer			$	24,845	$	9,895	$	9,369	$	6,676	$	3,914	$	1,116	$	73,391	$	-	$	129,206
Total Popular Inc.				$	6,846,687	$	4,151,913	$	3,156,760	$	2,335,830	$	1,379,915	$	8,994,389	$	2,314,896	$	60,167	$	29,240,557

December 31, 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	$	-	$	-	$	-	$	-	$	-	$	460	$	-	$	-	$	460
			Special mention		-		-		-		-		-		4,160		-		-		4,160
			Substandard		-		-		-		-		-		400		100		-		500
			Pass		5,216		36,433		26,051		2,106		2,563		74,791		-		-		147,160
		Total commercial multi-family		$	5,216	$	36,433	$	26,051	$	2,106	$	2,563	$	79,811	$	100	$	-	$	152,280
		Commercial real estate non-owner occupied
			Watch	$	160,960	$	73,561	$	27,592	$	40,654	$	33,277	$	197,912	$	2,100	$	-	$	536,056
			Special Mention		-		26,331		124,560		29,711		19,895		62,839		836		-		264,172
			Substandard		43,399		74,303		26,799		4,932		29,974		130,218		95		-		309,720
			Pass		88,324		53,385		39,814		60,585		124,643		527,282		3,352		-		897,385
		Total commercial real estate non-owner occupied		$	292,683	$	227,580	$	218,765	$	135,882	$	207,789	$	918,251	$	6,383	$	-	$	2,007,333
		Commercial real estate owner occupied
			Watch	$	96,046	$	10,319	$	14,412	$	9,760	$	9,584	$	146,445	$	2,627	$	-	$	289,193
			Special Mention		850		6,638		249		6,571		282		172,078		-		-		186,668
			Substandard		1,774		2,181		37,686		1,878		27,094		145,193		-		-		215,806
			Doubtful		-		-		-		-		-		1,714		-		-		1,714
			Pass		204,840		54,274		31,917		57,854		128,392		417,376		10,861		-		905,514
		Total commercial real estate owner occupied		$	303,510	$	73,412	$	84,264	$	76,063	$	165,352	$	882,806	$	13,488	$	-	$	1,598,895

	Commercial and industrial
		Watch	$	131,556	$	77,821	$	182,776	$	40,318	$	63,968	$	267,856	$	243,335	$	-	$	1,007,630
		Special Mention		28,310		10,297		19,220		45,861		910		28,507		86,263		-		219,368
		Substandard		32,941		2,180		26,921		26,769		1,824		55,220		49,036		-		194,891
		Doubtful		-		67		-		1		-		54		1		-		123
		Loss		-		-		-		-		-		-		13		-		13
		Pass		1,181,399		492,778		119,709		168,174		105,442		218,716		520,865		-		2,807,083
	Total commercial and industrial		$	1,374,206	$	583,143	$	348,626	$	281,123	$	172,144	$	570,353	$	899,513	$	-	$	4,229,108
Construction
		Watch	$	-	$	105	$	4,895	$	-	$	-	$	-	$	960	$	-	$	5,960
		Substandard		-		-		-		21,497		-		-		-		-		21,497
		Pass		15,723		22,408		3,423		63,582		-		-		24,513		-		129,649
Total construction			$	15,723	$	22,513	$	8,318	$	85,079	$	-	$	-	$	25,473	$	-	$	157,106
Mortgage
		Substandard	$	754	$	903	$	1,172	$	3,129	$	4,374	$	159,359	$	-	$	-	$	169,691
		Pass		263,473		224,390		177,537		212,650		225,824		5,496,578		-		-		6,600,452
Total mortgage			$	264,227	$	225,293	$	178,709	$	215,779	$	230,198	$	5,655,937	$	-	$	-	$	6,770,143
Leasing
		Substandard	$	200	$	822	$	748	$	913	$	617	$	136	$	-	$	-	$	3,436
		Pass		480,964		315,022		209,340		109,708		63,955		15,236		-		-		1,194,225
Total leasing			$	481,164	$	315,844	$	210,088	$	110,621	$	64,572	$	15,372	$	-	$	-	$	1,197,661

December 31, 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	$	-	$	-	$	-	$	-	$	-	$	-	$	12,798	$	-	$	12,798
			Pass		-		-		-		-		-		-		907,137		-		907,137
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	919,935	$	-	$	919,935
		HELOCs
			Pass	$	-	$	-	$	-	$	-	$	-	$	540	$	3,639	$	-	$	4,179
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	540	$	3,639	$	-	$	4,179
		Personal
			Substandard	$	1,288	$	4,782	$	1,741	$	1,022	$	971	$	18,647	$	152	$	1,545	$	30,148
			Pass		323,170		413,973		168,142		99,768		57,319		137,693		2,144		45,390		1,247,599
	Total Personal			$	324,458	$	418,755	$	169,883	$	100,790	$	58,290	$	156,340	$	2,296	$	46,935	$	1,277,747
		Auto
			Substandard	$	1,975	$	6,029	$	3,612	$	1,760	$	1,369	$	990	$	-	$	-	$	15,735
			Pass		1,064,082		881,343		628,657		299,677		168,157		74,577		-		-		3,116,493
	Total Auto			$	1,066,057	$	887,372	$	632,269	$	301,437	$	169,526	$	75,567	$	-	$	-	$	3,132,228
		Other consumer
			Substandard	$	-	$	16	$	1,376	$	240	$	174	$	13,075	$	-	$	-	$	14,881
			Pass		16,912		15,698		13,158		4,966		2,828		3,785		54,437		-		111,784
	Total Other consumer			$	16,912	$	15,714	$	14,534	$	5,206	$	3,002	$	16,860	$	54,437	$	-	$	126,665
Total Puerto Rico				$	4,144,156	$	2,806,059	$	1,891,507	$	1,314,086	$	1,073,436	$	8,371,837	$	1,925,264	$	46,935	$	21,573,280

December 31, 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	$	1,643	$	16,787	$	39,980	$	39,713	$	52,989	$	61,369	$	-	$	-	$	212,481
			Special mention		3,122		30,708		4,380		19,593		37,745		20,463		-		-		116,011
			Substandard		-		17,376		21,771		1,755		20,085		6,247		-		-		67,234
			Pass		326,008		289,652		163,812		100,555		132,400		332,709		2,849		-		1,347,985
		Total commercial multi-family		$	330,773	$	354,523	$	229,943	$	161,616	$	243,219	$	420,788	$	2,849	$	-	$	1,743,711
		Commercial real estate non-owner occupied
			Watch	$	10,057	$	23,877	$	76,629	$	56,112	$	49,166	$	62,766	$	1,055	$	-	$	279,662
			Special Mention		-		4,760		15,304		14,623		70,224		20,028		350		-		125,289
			Substandard		771		18,642		36,495		11,007		40,528		28,984		-		-		136,427
			Pass		397,686		231,904		224,256		236,008		142,432		214,495		5,651		-		1,452,432
		Total commercial real estate non-owner occupied		$	408,514	$	279,183	$	352,684	$	317,750	$	302,350	$	326,273	$	7,056	$	-	$	1,993,810
		Commercial real estate owner occupied
			Watch	$	393	$	8,266	$	7,941	$	4,060	$	16,689	$	16,108	$	4,222	$	-	$	57,679
			Special Mention		-		-		192		-		-		1,467		-		-		1,659
			Substandard		-		1,152		2,361		-		1,348		20,305		-		-		25,166
			Pass		48,684		47,484		47,451		28,761		18,296		68,739		461		-		259,876
		Total commercial real estate owner occupied		$	49,077	$	56,902	$	57,945	$	32,821	$	36,333	$	106,619	$	4,683	$	-	$	344,380

	Commercial and industrial
		Watch	$	16,126	$	1,973	$	30	$	3,621	$	1,196	$	8,488	$	3,972	$	-	$	35,406
		Special Mention		14,056		-		-		1,634		4,807		4,756		1,637		-		26,890
		Substandard		2,029		6,568		-		-		-		5,980		2,394		-		16,971
		Pass		410,349		196,958		198,249		132,993		123,762		300,846		102,369		-		1,465,526
	Total commercial and industrial		$	442,560	$	205,499	$	198,279	$	138,248	$	129,765	$	320,070	$	110,372	$	-	$	1,544,793
Construction
		Watch	$	8,451	$	-	$	-	$	37,015	$	-	$	2,065	$	-	$	-	$	47,531
		Special Mention		-		-		-		3,089		-		30,083		-		-		33,172
		Substandard		-		-		20,655		9,372		7,560		-		-		-		37,587
		Pass		79,489		288,865		168,411		99,814		8,392		5,841		-		-		650,812
Total construction			$	87,940	$	288,865	$	189,066	$	149,290	$	15,952	$	37,989	$	-	$	-	$	769,102
Mortgage
		Substandard	$	29	$	-	$	1,221	$	-	$	328	$	13,287	$	-	$	-	$	14,865
		Pass		356,839		275,289		103,160		9,337		9,530		351,517		-		-		1,105,672
Total mortgage			$	356,868	$	275,289	$	104,381	$	9,337	$	9,858	$	364,804	$	-	$	-	$	1,120,537

December 31, 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	$	-	$	-	$	-	$	-	$	-	$	-	$	31	$	-	$	31
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	31	$	-	$	31
		HELOCs
			Substandard	$	-	$	-	$	-	$	-	$	-	$	112	$	-	$	357	$	469
			Loss		-		-		-		-		-		156		-		6,867		7,023
			Pass		-		-		-		-		-		11,907		39,366		35,806		87,079
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	12,175	$	39,366	$	43,030	$	94,571
		Personal
			Substandard	$	83	$	784	$	165	$	74	$	18	$	6	$	-	$	-	$	1,130
			Loss		-		17		63		12		6		244		2		-		344
			Pass		40,539		109,606		27,693		9,623		1,855		8,256		192		-		197,764
	Total Personal			$	40,622	$	110,407	$	27,921	$	9,709	$	1,879	$	8,506	$	194	$	-	$	199,238
		Other consumer
			Substandard	$	-	$	-	$	-	$	-	$	-	$	-	$	20	$	-	$	20
			Pass		-		-		-		-		-		-		1,723		-		1,723
	Total Other consumer			$	-	$	-	$	-	$	-	$	-	$	-	$	1,743	$	-	$	1,743
Total Popular U.S.				$	1,716,354	$	1,570,668	$	1,160,219	$	818,771	$	739,356	$	1,597,224	$	166,294	$	43,030	$	7,811,916

December 31, 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	$	1,643	$	16,787	$	39,980	$	39,713	$	52,989	$	61,829	$	-	$	-	$	212,941
			Special mention		3,122		30,708		4,380		19,593		37,745		24,623		-		-		120,171
			Substandard		-		17,376		21,771		1,755		20,085		6,647		100		-		67,734
			Pass		331,224		326,085		189,863		102,661		134,963		407,500		2,849		-		1,495,145
		Total commercial multi-family		$	335,989	$	390,956	$	255,994	$	163,722	$	245,782	$	500,599	$	2,949	$	-	$	1,895,991
		Commercial real estate non-owner occupied
			Watch	$	171,017	$	97,438	$	104,221	$	96,766	$	82,443	$	260,678	$	3,155	$	-	$	815,718
			Special Mention		-		31,091		139,864		44,334		90,119		82,867		1,186		-		389,461
			Substandard		44,170		92,945		63,294		15,939		70,502		159,202		95		-		446,147
			Pass		486,010		285,289		264,070		296,593		267,075		741,777		9,003		-		2,349,817
		Total commercial real estate non-owner occupied		$	701,197	$	506,763	$	571,449	$	453,632	$	510,139	$	1,244,524	$	13,439	$	-	$	4,001,143
		Commercial real estate owner occupied
			Watch	$	96,439	$	18,585	$	22,353	$	13,820	$	26,273	$	162,553	$	6,849	$	-	$	346,872
			Special Mention		850		6,638		441		6,571		282		173,545		-		-		188,327
			Substandard		1,774		3,333		40,047		1,878		28,442		165,498		-		-		240,972
			Doubtful		-		-		-		-		-		1,714		-		-		1,714
			Pass		253,524		101,758		79,368		86,615		146,688		486,115		11,322		-		1,165,390
		Total commercial real estate owner occupied		$	352,587	$	130,314	$	142,209	$	108,884	$	201,685	$	989,425	$	18,171	$	-	$	1,943,275
		Commercial and industrial
			Watch	$	147,682	$	79,794	$	182,806	$	43,939	$	65,164	$	276,344	$	247,307	$	-	$	1,043,036
			Special Mention		42,366		10,297		19,220		47,495		5,717		33,263		87,900		-		246,258
			Substandard		34,970		8,748		26,921		26,769		1,824		61,200		51,430		-		211,862
			Doubtful		-		67		-		1		-		54		1		-		123
			Loss		-		-		-		-		-		-		13		-		13
			Pass		1,591,748		689,736		317,958		301,167		229,204		519,562		623,234		-		4,272,609
		Total commercial and industrial		$	1,816,766	$	788,642	$	546,905	$	419,371	$	301,909	$	890,423	$	1,009,885	$	-	$	5,773,901

December 31, 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	$	8,451	$	105	$	4,895	$	37,015	$	-	$	2,065	$	960	$	-	$	53,491
		Special Mention		-		-		-		3,089		-		30,083		-		-		33,172
		Substandard		-		-		20,655		30,869		7,560		-		-		-		59,084
		Pass		95,212		311,273		171,834		163,396		8,392		5,841		24,513		-		780,461
	Total construction		$	103,663	$	311,378	$	197,384	$	234,369	$	15,952	$	37,989	$	25,473	$	-	$	926,208
	Mortgage
		Substandard	$	783	$	903	$	2,393	$	3,129	$	4,702	$	172,646	$	-	$	-	$	184,556
		Pass		620,312		499,679		280,697		221,987		235,354		5,848,095		-		-		7,706,124
	Total mortgage		$	621,095	$	500,582	$	283,090	$	225,116	$	240,056	$	6,020,741	$	-	$	-	$	7,890,680
	Leasing
		Substandard	$	200	$	822	$	748	$	913	$	617	$	136	$	-	$	-	$	3,436
		Pass		480,964		315,022		209,340		109,708		63,955		15,236		-		-		1,194,225
	Total leasing		$	481,164	$	315,844	$	210,088	$	110,621	$	64,572	$	15,372	$	-	$	-	$	1,197,661

December 31, 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	$	-	$	-	$	-	$	-	$	-	$	-	$	12,798	$	-	$	12,798
			Pass		-		-		-		-		-		-		907,168		-		907,168
	Total credit cards			$	-	$	-	$	-	$	-	$	-	$	-	$	919,966	$	-	$	919,966
		HELOCs
			Substandard	$	-	$	-	$	-	$	-	$	-	$	112	$	-	$	357	$	469
			Loss		-		-		-		-		-		156		-		6,867		7,023
			Pass		-		-		-		-		-		12,447		43,005		35,806		91,258
	Total HELOCs			$	-	$	-	$	-	$	-	$	-	$	12,715	$	43,005	$	43,030	$	98,750
		Personal
			Substandard	$	1,371	$	5,566	$	1,906	$	1,096	$	989	$	18,653	$	152	$	1,545	$	31,278
			Loss		-		17		63		12		6		244		2		-		344
			Pass		363,709		523,579		195,835		109,391		59,174		145,949		2,336		45,390		1,445,363
	Total Personal			$	365,080	$	529,162	$	197,804	$	110,499	$	60,169	$	164,846	$	2,490	$	46,935	$	1,476,985
		Auto
			Substandard	$	1,975	$	6,029	$	3,612	$	1,760	$	1,369	$	990	$	-	$	-	$	15,735
			Pass		1,064,082		881,343		628,657		299,677		168,157		74,577		-		-		3,116,493
	Total Auto			$	1,066,057	$	887,372	$	632,269	$	301,437	$	169,526	$	75,567	$	-	$	-	$	3,132,228
		Other consumer
			Substandard	$	-	$	16	$	1,376	$	240	$	174	$	13,075	$	20	$	-	$	14,901
			Pass		16,912		15,698		13,158		4,966		2,828		3,785		56,160		-		113,507
	Total Other consumer			$	16,912	$	15,714	$	14,534	$	5,206	$	3,002	$	16,860	$	56,180	$	-	$	128,408
Total Popular Inc.				$	5,860,510	$	4,376,727	$	3,051,726	$	2,132,857	$	1,812,792	$	9,969,061	$	2,091,558	$	89,965	$	29,385,196