Schedule Of Allocation Of Plan Assets

	Minimum allotment		Maximum allotment		2021		2020
Equity	0	%	70	%	30	%	38	%
Debt securities	0	%	100	%	67	%	60	%
Popular related securities	0	%	5	%	2	%	1	%
Cash and cash equivalents	0	%	100	%	1	%	1	%

		2021										2020
(In thousands)		Level 1		Level 2		Level 3		Measured at NAV		Total		Level 1		Level 2		Level 3		Measured at NAV		Total
Obligations of the U.S. Government, its agencies, states and political subdivisions	$	-	$	9,259	$	-	$	188,377	$	197,636	$	-	$	187,065	$	-	$	7,377	$	194,442
Corporate bonds and debentures		-		375,875		-		8,485		384,360		-		326,344		-		8,180		334,524
Equity securities - Common Stocks		41,414		-		-		-		41,414		101,081		-		-		-		101,081
Equity securities - ETF's		111,365		25,446		-		-		136,811		94,009		38,229		-		-		132,238
Foreign commingled trust funds		-		-		-		82,912		82,912		-		-		-		98,431		98,431
Mutual fund		-		5,262		-		-		5,262		-		4,526		-		-		4,526
Private equity investments		-		-		56		-		56		-		-		70		-		70
Cash and cash equivalents		7,523		-		-		-		7,523		9,626		-		-		-		9,626
Accrued investment income		-		-		4,510		-		4,510		-		-		3,847		-		3,847
Total assets	$	160,302	$	415,842	$	4,566	$	279,774	$	860,484	$	204,716	$	556,164	$	3,917	$	113,988	$	878,785

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

(In thousands, except number of shares information)		2021		2020
Shares of Popular, Inc. common stock		167,182		162,936
Fair value of shares of Popular, Inc. common stock	$	13,716	$	9,177
Dividends paid on shares of Popular, Inc. common stock held by the plan	$	280	$	238

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

			Pension Plans				OPEB Plan
(In thousands)			2021		2020		2021		2020
Change in benefit obligation:
Benefit obligation at beginning of year		$	914,353	$	852,551	$	179,210	$	168,681
Service cost			-		-		642		713
Interest cost			15,993		23,389		3,573		4,913
Actuarial (gain)/loss^[1]			(34,297)		83,277		(17,286)		11,247
Benefits paid			(44,578)		(44,864)		(6,181)		(6,344)
Benefit obligation at end of year		$	851,471	$	914,353	$	159,958	$	179,210
Change in fair value of plan assets:
Fair value of plan assets at beginning of year		$	878,785	$	799,935	$	-	$	-
Actual return on plan assets			26,049		123,484		-		-
Employer contributions			228		230		6,181		6,344
Benefits paid			(44,578)		(44,864)		(6,181)		(6,344)
Fair value of plan assets at end of year		$	860,484	$	878,785	$	-	$	-
Funded status of the plan:
Benefit obligation at end of year		$	(851,471)	$	(914,353)	$	(159,958)	$	(179,210)
Fair value of plan assets at end of year			860,484		878,785		-		-
Funded status at year end		$	9,013	$	(35,568)	$	(159,958)	$	(179,210)
Amounts recognized in accumulated other comprehensive loss:
Net loss			225,356		265,899		12,993		32,152
Accumulated other comprehensive loss (AOCL)		$	225,356	$	265,899	$	12,993	$	32,152
Reconciliation of net (liabilities) assets:
Net liabilities at beginning of year		$	(35,568)	$	(52,616)	$	(179,210)	$	(168,681)
Amount recognized in AOCL at beginning of year, pre-tax			265,899		288,882		32,152		21,472
Amount prepaid at beginning of year			230,331		236,266		(147,058)		(147,209)
Net periodic benefit cost			3,810		(6,165)		(6,088)		(6,193)
Contributions			228		230		6,181		6,344
Amount prepaid at end of year			234,369		230,331		(146,965)		(147,058)
Amount recognized in AOCL			(225,356)		(265,899)		(12,993)		(32,152)
Net asset/(liabilities) at end of year		$	9,013	$	(35,568)	$	(159,958)	$	(179,210)
[1]	For 2021, significant components of the Pension Plans actuarial gain that changed the benefit obligation were mainly related to an increase in the single weighted-average discount rates partially offset by a lower return on the fair value of plan assets. For OPEB Plans significant components of the actuarial gain that change the benefit obligation were mainly related to an increase in discount rates and the per capita claim assumption at year-end which was lower than expected. The per capita claim methodology for the fully insured Medicare Advantage plans changed from age-based per capita cost to cost that do not vary by age. For 2020, significant components of the Pension Plans actuarial loss that changed the benefit obligation were mainly related to a decrease in discount rates partially offset by a greater return on the fair value of plan assets. For OPEB Plans significant components of the actuarial loss that change the benefit obligation were mainly related to a decrease in discount rates partially offset by the per capita claim assumption at year-end which was lower than expected and the healthcare trend rate assumption which was updated at year-end.

Schedule of Assumptions Used

	Pension Plans						OPEB Plan
Weighted average assumptions used to determine net periodic benefit cost for the years ended December 31:	2021		2020		2019		2021		2020		2019
Discount rate for benefit obligation	2.41 - 2.48	%	3.22 - 3.27	%	4.20 - 4.23	%	2.65	%	3.38	%	4.30	%
Discount rate for service cost	N/A		N/A		N/A		3.09	%	3.72	%	4.49	%
Discount rate for interest cost	1.76 - 1.80	%	2.81 - 2.83	%	3.87 - 3.90	%	2.03	%	2.98	%	3.99	%
Expected return on plan assets	4.60 - 5.50	%	5.00 - 5.80	%	5.30 - 6.00	%	N/A		N/A		N/A
Initial health care cost trend rate	N/A		N/A		N/A		5.00	%	5.00	%	5.00	%
Ultimate health care cost trend rate	N/A		N/A		N/A		4.50	%	5.00	%	5.00	%
Year that the ultimate trend rate is reached	N/A		N/A		N/A		2023		2020		2019
					Pension Plans				OPEB Plan
Weighted average assumptions used to determine benefit obligation at December 31:					2021		2020		2021		2020
Discount rate for benefit obligation					2.79-2.83	%	2.41-2.48	%	2.94	%	2.65	%
Initial health care cost trend rate					N/A		N/A		4.75	%	5.00	%
Ultimate health care cost trend rate					N/A		N/A		4.50	%	4.50	%
Year that the ultimate trend rate is reached					N/A		N/A		2023		2023

Schedule of employer contribution to benefit plan

(In thousands)	2022
Pension Plans	$	227
OPEB Plan	$	5,971

Schedule Of Breakdown Postretirement Health Care Benefit Plan Liabilities

		Pension Plans				OPEB Plan
(In thousands)		2021		2020		2021		2020
Non-current assets	$	17,792	$	-	$	-	$	-
Current liabilities		227		229		5,959		6,328
Non-current liabilities		8,552		35,339		153,999		172,882