Allowance for credit losses - loans held-in-portfolio

9 Months Ended

Sep. 30, 2024

Allowance For Credit Loss [Abstract]

Allowance for credit losses

Note 8 – Allowance for credit losses – loans held-in-portfolio

The

Corporation follows the current expected credit loss (“CECL”) model, to establish and evaluate the adequacy of the ACL to

provide for expected losses in the loan portfolio. This model establishes a forward-looking methodology that reflects the expected

credit losses over the lives of financial assets, starting when such assets are first acquired or originated. In addition, CECL provides

that the initial ACL on PCD financial assets be recorded as an increase to the purchase price, with subsequent changes to the

allowance recorded as a credit loss expense. The provision for credit losses recorded in current operations is based on this

methodology. Loan losses are charged, and recoveries are credited to the ACL. The Corporation’s modeling framework includes

competing risk models that generate lifetime default and prepayment estimates as well as other loan level techniques to estimate

loss severity. These models combine credit risk factors, which include the impact of loan modifications, with macroeconomic

expectations to derive the lifetime expected loss. 

At September 30, 2024, the Corporation estimated the ACL by weighting the outputs of optimistic, baseline, and pessimistic

scenarios. Among the three scenarios used to estimate the ACL, the baseline is assigned the highest probability, followed by the

pessimistic scenario given the uncertainties in the economic outlook and downside risk. The weightings applied are subject to

evaluation on a quarterly basis as part of the ACL’s governance process. The Corporation evaluates, at least on an annual basis,

the assumptions tied to the CECL accounting framework. These include the reasonable and supportable period as well as the

reversion window.

The following tables present the changes in the ACL of loans held-in-portfolio and unfunded commitments for the quarter and nine

months ended September 30, 2024 and 2023.

For the quarter ended September 30, 2024

BPPR

Provision for

Allowance for

Beginning

credit losses

credit losses -

Ending

(In thousands)

Balance

(benefit)

PCD Loans

Charge-offs

Recoveries

Balances

Allowance for credit losses - loans:

Commercial

 Commercial multi-family

$

3,303

$

(417)

$

-

$

-

$

-

$

2,886

 Commercial real estate non-owner occupied

53,386

3,344

-

(69)

59

56,720

 Commercial real estate owner occupied

39,375

(2,418)

-

(2)

1,556

38,511

 Commercial and industrial

111,263

16,597

-

(6,190)

1,461

123,131

 Total Commercial

207,327

17,106

-

(6,261)

3,076

221,248

Construction

3,638

(970)

-

-

1,036

3,704

Mortgage

73,900

(5,221)

3

(208)

4,102

72,576

Leasing

14,385

3,725

-

(3,630)

1,374

15,854

Consumer

 Credit cards

86,313

21,238

-

(17,503)

2,646

92,694

 Home equity lines of credit

83

(90)

-

(82)

158

69

 Personal

94,021

20,232

-

(24,712)

2,526

92,067

 Auto

157,449

20,765

-

(23,011)

6,110

161,313

 Other

6,489

362

-

(728)

526

6,649

 Total Consumer

344,355

62,507

-

(66,036)

11,966

352,792

Total - Loans

$

643,605

$

77,147

$

3

$

(76,135)

$

21,554

$

666,174

Allowance for credit losses - unfunded commitments:

Commercial

$

5,540

$

816

$

-

$

-

$

-

$

6,356

Construction

2,095

373

-

-

-

2,468

Ending balance - unfunded commitments [1]

$

7,635

$

1,189

$

-

$

-

$

-

$

8,824

[1] Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the quarter ended September 30, 2024

Popular U.S.

Provision for 

Beginning

credit losses -

Ending

(In thousands)

Balance

(benefit)

Charge-offs

Recoveries

Balance

Allowance for credit losses - loans:

Commercial

Commercial multi-family

$

7,877

$

(1,126)

$

-

$

5

$

6,756

Commercial real estate non-owner occupied

10,849

53

(54)

62

10,910

Commercial real estate owner occupied

18,815

(4,430)

-

19

14,404

Commercial and industrial

15,219

(1,617)

(613)

241

13,230

Total Commercial

52,760

(7,120)

(667)

327

45,300

Construction

9,251

259

-

-

9,510

Mortgage

9,389

(361)

-

46

9,074

Consumer

Home equity lines of credit

1,643

22

(4)

124

1,785

Personal

13,427

2,799

(4,442)

691

12,475

Other

2

23

(28)

5

2

Total Consumer

15,072

2,844

(4,474)

820

14,262

Total - Loans

$

86,472

$

(4,378)

$

(5,141)

$

1,193

$

78,146

Allowance for credit losses - unfunded commitments:

Commercial

$

2,850

$

(1,080)

$

-

$

-

$

1,770

Construction

8,399

(609)

-

-

7,790

Ending balance - unfunded commitments [1]

$

11,249

$

(1,689)

$

-

$

-

$

9,560

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the quarter ended September 30, 2024

Popular Inc.

Provision for

Allowance for

Beginning

credit losses

credit losses -

Ending

(In thousands)

Balance

(benefit)

PCD Loans

Charge-offs

Recoveries

Balance

Allowance for credit losses - loans:

Commercial

Commercial multi-family

$

11,180

$

(1,543)

$

-

$

-

$

5

$

9,642

Commercial real estate non-owner occupied

64,235

3,397

-

(123)

121

67,630

Commercial real estate owner occupied

58,190

(6,848)

-

(2)

1,575

52,915

Commercial and industrial

126,482

14,980

-

(6,803)

1,702

136,361

Total Commercial

260,087

9,986

-

(6,928)

3,403

266,548

Construction

12,889

(711)

-

-

1,036

13,214

Mortgage

83,289

(5,582)

3

(208)

4,148

81,650

Leasing

14,385

3,725

-

(3,630)

1,374

15,854

Consumer

Credit cards

86,313

21,238

-

(17,503)

2,646

92,694

Home equity lines of credit

1,726

(68)

-

(86)

282

1,854

Personal

107,448

23,031

-

(29,154)

3,217

104,542

Auto

157,449

20,765

-

(23,011)

6,110

161,313

Other

6,491

385

-

(756)

531

6,651

Total Consumer

359,427

65,351

-

(70,510)

12,786

367,054

Total - Loans

$

730,077

$

72,769

$

3

$

(81,276)

$

22,747

$

744,320

Allowance for credit losses - unfunded commitments:

Commercial

$

8,390

$

(264)

$

-

$

-

$

-

$

8,126

Construction

10,494

(236)

-

-

-

10,258

Ending balance - unfunded commitments [1]

$

18,884

$

(500)

$

-

$

-

$

-

$

18,384

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the nine months ended September 30, 2024

BPPR

Provision for

Allowance for

Beginning

credit losses

credit losses -

Ending

(In thousands)

Balance

(benefit)

PCD Loans

Charge-off

Recoveries

Balance

Allowance for credit losses - loans:

Commercial

Commercial multi-family

$

3,614

$

(729)

$

-

$

-

$

1

$

2,886

Commercial real estate non-owner occupied

53,754

2,607

-

(69)

428

56,720

Commercial real estate owner occupied

40,637

(2,567)

-

(2,787)

3,228

38,511

Commercial and industrial

107,577

31,413

-

(20,931)

5,072

123,131

Total Commercial

205,582

30,724

-

(23,787)

8,729

221,248

Construction

5,294

(2,626)

-

-

1,036

3,704

Mortgage

72,440

(11,959)

26

(999)

13,068

72,576

Leasing

9,708

14,787

-

(12,321)

3,680

15,854

Consumer

Credit cards

80,487

54,734

-

(50,318)

7,791

92,694

Home equity lines of credit

103

35

-

(373)

304

69

Personal

101,181

55,987

-

(72,354)

7,253

92,067

Auto

157,931

44,386

-

(59,787)

18,783

161,313

Other

7,132

672

-

(2,072)

917

6,649

Total Consumer

346,834

155,814

-

(184,904)

35,048

352,792

Total - Loans

$

639,858

$

186,740

$

26

$

(222,011)

$

61,561

$

666,174

Allowance for credit losses - unfunded commitments:

Commercial

$

5,062

$

1,294

$

-

$

-

$

-

$

6,356

Construction

1,618

850

-

-

-

2,468

Ending balance - unfunded commitments [1]

$

6,680

$

2,144

$

-

$

-

$

-

$

8,824

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the nine months ended September 30, 2024

Popular U.S.

Provision for 

Beginning

credit losses -

Ending

(In thousands)

Balance

(benefit)

Charge-offs

Recoveries

Balance

Allowance for credit losses - loans:

Commercial

Commercial multi-family

$

10,126

$

(2,939)

$

(441)

$

10

$

6,756

Commercial real estate non-owner occupied

11,699

(903)

(54)

168

10,910

Commercial real estate owner occupied

16,227

(1,925)

-

102

14,404

Commercial and industrial

14,779

219

(2,372)

604

13,230

Total Commercial

52,831

(5,548)

(2,867)

884

45,300

Construction

7,392

2,018

-

100

9,510

Mortgage

10,774

(1,788)

(18)

106

9,074

Consumer

Home equity lines of credit

1,875

(741)

(25)

676

1,785

Personal

16,609

8,585

(14,750)

2,031

12,475

Other

2

46

(77)

31

2

Total Consumer

18,486

7,890

(14,852)

2,738

14,262

Total - Loans

$

89,483

$

2,572

$

(17,737)

$

3,828

$

78,146

Allowance for credit losses - unfunded commitments:

Commercial

$

1,851

$

(81)

$

-

$

-

$

1,770

Construction

8,446

(656)

-

-

7,790

Consumer

29

(29)

-

-

-

Ending balance - unfunded commitments [1]

$

10,326

$

(766)

$

-

$

-

$

9,560

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the nine months ended September 30, 2024

Popular Inc.

Provision for

Allowance for

Beginning

credit losses

credit losses -

Ending

(In thousands)

Balance

(benefit)

PCD Loans

Charge-offs

Recoveries

Balance

Allowance for credit losses - loans:

Commercial

Commercial multi-family

$

13,740

$

(3,668)

$

-

$

(441)

$

11

$

9,642

Commercial real estate non-owner occupied

65,453

1,704

-

(123)

596

67,630

Commercial real estate owner occupied

56,864

(4,492)

-

(2,787)

3,330

52,915

Commercial and industrial

122,356

31,632

-

(23,303)

5,676

136,361

Total Commercial

258,413

25,176

-

(26,654)

9,613

266,548

Construction

12,686

(608)

-

-

1,136

13,214

Mortgage

83,214

(13,747)

26

(1,017)

13,174

81,650

Leasing

9,708

14,787

-

(12,321)

3,680

15,854

Consumer

Credit cards

80,487

54,734

-

(50,318)

7,791

92,694

Home equity lines of credit

1,978

(706)

-

(398)

980

1,854

Personal

117,790

64,572

-

(87,104)

9,284

104,542

Auto

157,931

44,386

-

(59,787)

18,783

161,313

Other

7,134

718

-

(2,149)

948

6,651

Total Consumer

365,320

163,704

-

(199,756)

37,786

367,054

Total - Loans

$

729,341

$

189,312

$

26

$

(239,748)

$

65,389

$

744,320

Allowance for credit losses - unfunded commitments:

Commercial

$

6,913

$

1,213

$

-

$

-

$

-

$

8,126

Construction

10,064

194

-

-

-

10,258

Consumer

29

(29)

-

-

-

-

Ending balance - unfunded commitments [1]

$

17,006

$

1,378

$

-

$

-

$

-

$

18,384

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the quarter ended September 30, 2023

BPPR

Provision for

Allowance for

Beginning

credit losses

credit losses -

Ending

(In thousands)

Balance

(benefit)

PCD Loans

Charge-offs

Recoveries

Balance

Allowance for credit losses - loans:

Commercial

Commercial multi-family

$

4,787

$

(1,306)

$

-

$

-

$

-

$

3,481

Commercial real estate non-owner occupied

53,366

(326)

-

(27)

195

53,208

Commercial real estate owner occupied

41,901

(242)

-

(446)

280

41,493

Commercial and industrial

81,637

(4,605)

-

(2,311)

12,858

87,579

Total Commercial

181,691

(6,479)

-

(2,784)

13,333

185,761

Construction

9,554

(1,486)

-

(2,611)

-

5,457

Mortgage

82,899

(6,808)

9

(62)

3,862

79,900

Leasing

13,927

(2,287)

-

(2,292)

850

10,198

Consumer

Credit cards

71,408

9,773

-

(10,865)

2,234

72,550

Home equity lines of credit

96

(39)

-

(43)

73

87

Personal

96,046

28,964

-

(19,260)

1,957

107,707

Auto

134,247

30,880

-

(14,553)

4,862

155,436

Other

6,240

1,499

-

(494)

193

7,438

Total Consumer

308,037

71,077

-

(45,215)

9,319

343,218

Total - Loans

$

596,108

$

54,017

$

9

$

(52,964)

$

27,364

$

624,534

Allowance for credit losses - unfunded commitments:

Commercial

$

5,288

$

(400)

$

-

$

-

$

-

$

4,888

Construction

3,110

(1,768)

-

-

-

1,342

Ending balance - unfunded commitments [1]

$

8,398

$

(2,168)

$

-

$

-

$

-

$

6,230

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the quarter ended September 30, 2023

Popular U.S.

Provision for

Beginning

credit losses

Ending

(In thousands)

Balance

(benefit)

Charge-offs

Recoveries

Balance

Allowance for credit losses - loans:

Commercial

Commercial multi-family

$

21,392

$

(9,651)

$

-

$

1

$

11,742

Commercial real estate non-owner occupied

18,350

(4,475)

-

66

13,941

Commercial real estate owner occupied

9,506

(1,688)

(1,218)

16

6,616

Commercial and industrial

18,014

(1,109)

(1,228)

329

16,006

Total Commercial

67,262

(16,923)

(2,446)

412

48,305

Construction

1,778

3,736

-

-

5,514

Mortgage

13,194

(1,252)

-

62

12,004

Consumer

Home equity lines of credit

2,074

238

(224)

212

2,300

Personal

19,782

3,659

(5,636)

604

18,409

Other

2

39

(43)

4

2

Total Consumer

21,858

3,936

(5,903)

820

20,711

Total - Loans

$

104,092

$

(10,503)

$

(8,349)

$

1,294

$

86,534

Allowance for credit losses - unfunded commitments:

Commercial

$

1,348

$

197

$

-

$

-

$

1,545

Construction

1,797

3,658

-

-

5,455

Consumer

50

4

-

-

54

Ending balance - unfunded commitments [1]

$

3,195

$

3,859

$

-

$

-

$

7,054

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the quarter ended September 30, 2023

Popular Inc.

Provision for

Allowance for

Beginning

credit losses

credit losses -

Ending

(In thousands)

Balance

(benefit)

PCD Loans

Charge-offs

Recoveries

Balance

Allowance for credit losses - loans:

Commercial

Commercial multi-family

$

26,179

$

(10,957)

$

-

$

-

$

1

$

15,223

Commercial real estate non-owner occupied

71,716

(4,801)

-

(27)

261

67,149

Commercial real estate owner occupied

51,407

(1,930)

-

(1,664)

296

48,109

Commercial and industrial

99,651

(5,714)

-

(3,539)

13,187

103,585

Total Commercial

248,953

(23,402)

-

(5,230)

13,745

234,066

Construction

11,332

2,250

-

(2,611)

-

10,971

Mortgage

96,093

(8,060)

9

(62)

3,924

91,904

Leasing

13,927

(2,287)

-

(2,292)

850

10,198

Consumer

Credit cards

71,408

9,773

-

(10,865)

2,234

72,550

Home equity lines of credit

2,170

199

-

(267)

285

2,387

Personal

115,828

32,623

-

(24,896)

2,561

126,116

Auto

134,247

30,880

-

(14,553)

4,862

155,436

Other

6,242

1,538

-

(537)

197

7,440

Total Consumer

329,895

75,013

-

(51,118)

10,139

363,929

Total - Loans

$

700,200

$

43,514

$

9

$

(61,313)

$

28,658

$

711,068

Allowance for credit losses - unfunded commitments:

Commercial

$

6,636

$

(203)

$

-

$

-

$

-

$

6,433

Construction

4,907

1,890

-

-

-

6,797

Consumer

50

4

-

-

-

54

Ending balance - unfunded commitments [1]

$

11,593

$

1,691

$

-

$

-

$

-

$

13,284

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the nine months ended September 30, 2023

BPPR

Impact of

Provision for

Allowance for

Beginning

Adopting

credit losses

credit losses -

Net write

Ending

(In thousands)

Balance

ASU 2022-02

(benefit)

PCD Loans

Charge-offs

Recoveries

down

Balance

Allowance for credit losses - loans:

Commercial

Commercial multi-family

$

5,210

$

-

$

(1,730)

$

-

$

-

$

1

$

-

$

3,481

Commercial real estate non-owner occupied

52,475

-

860

-

(636)

509

-

53,208

Commercial real estate owner occupied

48,393

(1,161)

(7,409)

-

(525)

2,195

-

41,493

Commercial and industrial

68,217

(552)

8,378

-

(4,979)

16,515

-

87,579

Total Commercial

174,295

(1,713)

99

-

(6,140)

19,220

-

185,761

Construction

2,978

-

5,090

-

(2,611)

-

-

5,457

Mortgage

117,344

(33,556)

(15,113)

87

(1,205)

12,343

-

79,900

Leasing

20,618

(35)

(7,023)

-

(6,249)

2,887

-

10,198

Consumer

Credit cards

58,670

-

35,901

-

(27,998)

6,578

(601)

72,550

Home equity lines of credit

103

-

(107)

-

(111)

202

-

87

Personal

96,369

(7,020)

60,347

-

(49,441)

7,452

-

107,707

Auto

129,735

(21)

45,108

-

(34,770)

15,384

-

155,436

Other

15,433

-

3,297

-

(11,855)

563

-

7,438

Total Consumer

300,310

(7,041)

144,546

-

(124,175)

30,179

(601)

343,218

Total - Loans

$

615,545

$

(42,345)

$

127,599

$

87

$

(140,380)

$

64,629

$

(601)

$

624,534

Allowance for credit losses - unfunded commitments:

Commercial

$

4,336

$

-

$

552

$

-

$

-

$

-

$

-

$

4,888

Construction

2,022

-

(680)

-

-

-

-

1,342

Ending balance - unfunded commitments [1]

$

6,358

$

-

$

(128)

$

-

$

-

$

-

$

-

$

6,230

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the nine months ended September 30, 2023

Popular U.S.

Impact of

Provision for

Beginning

Adopting

credit losses

Ending

(In thousands)

Balance

ASU 2022-02

(benefit)

Charge-offs

Recoveries

Balance

Allowance for credit losses - loans:

Commercial

Commercial multi-family

$

21,101

$

-

$

(9,363)

$

-

$

4

$

11,742

Commercial real estate non-owner occupied

19,065

-

(7,108)

-

1,984

13,941

Commercial real estate owner occupied

8,688

-

(738)

(1,395)

61

6,616

Commercial and industrial

12,227

-

5,943

(3,808)

1,644

16,006

Total Commercial

61,081

-

(11,266)

(5,203)

3,693

48,305

Construction

1,268

-

4,246

-

-

5,514

Mortgage

17,910

(2,098)

(3,993)

-

185

12,004

Consumer

Credit cards

-

-

1

(1)

-

-

Home equity lines of credit

2,439

-

(419)

(419)

699

2,300

Personal

22,057

(1,140)

10,019

(14,093)

1,566

18,409

Other

2

-

134

(143)

9

2

Total Consumer

24,498

(1,140)

9,735

(14,656)

2,274

20,711

Total - Loans

$

104,757

$

(3,238)

$

(1,278)

$

(19,859)

$

6,152

$

86,534

Allowance for credit losses - unfunded commitments:

Commercial

$

1,175

$

-

$

370

$

-

$

-

$

1,545

Construction

1,184

-

4,271

-

-

5,455

Consumer

88

-

(34)

-

-

54

Ending balance - unfunded commitments [1]

$

2,447

$

-

$

4,607

$

-

$

-

$

7,054

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

For the nine months ended September 30, 2023

Popular Inc.

Impact

Provision for

Allowance

for

Beginning

of adopting

credit losses

credit losses

-

Net write

Ending

(In thousands)

Balance

ASU 2022-02

(benefit)

PCD Loans

Charge-offs

Recoveries

down

Balance

Allowance for credit losses - loans:

Commercial

Commercial multi-family

$

26,311

$

-

$

(11,093)

$

-

$

-

$

5

$

-

$

15,223

Commercial real estate non-owner occupied

71,540

-

(6,248)

-

(636)

2,493

-

67,149

Commercial real estate owner occupied

57,081

(1,161)

(8,147)

-

(1,920)

2,256

-

48,109

Commercial and industrial

80,444

(552)

14,321

-

(8,787)

18,159

-

103,585

Total Commercial

235,376

(1,713)

(11,167)

-

(11,343)

22,913

-

234,066

Construction

4,246

-

9,336

-

(2,611)

-

-

10,971

Mortgage

135,254

(35,654)

(19,106)

87

(1,205)

12,528

-

91,904

Leasing

20,618

(35)

(7,023)

-

(6,249)

2,887

-

10,198

Consumer

Credit cards

58,670

-

35,902

-

(27,999)

6,578

(601)

72,550

Home equity lines of credit

2,542

-

(526)

-

(530)

901

-

2,387

Personal

118,426

(8,160)

70,366

-

(63,534)

9,018

-

126,116

Auto

129,735

(21)

45,108

-

(34,770)

15,384

-

155,436

Other

15,435

-

3,431

-

(11,998)

572

-

7,440

Total Consumer

324,808

(8,181)

154,281

-

(138,831)

32,453

(601)

363,929

Total - Loans

$

720,302

$

(45,583)

$

126,321

$

87

$

(160,239)

$

70,781

$

(601)

$

711,068

Allowance for credit losses - unfunded commitments:

Commercial

$

5,511

$

-

$

922

$

-

$

-

$

-

$

-

$

6,433

Construction

3,206

-

3,591

-

-

-

-

6,797

Consumer

88

-

(34)

-

-

-

-

54

Ending balance - unfunded commitments [1]

$

8,805

$

-

$

4,479

$

-

$

-

$

-

$

-

$

13,284

[1]

Allowance for credit losses of unfunded commitments is presented as part of Other Liabilities in the Consolidated Statements of Financial Condition.

Modifications

A modification constitutes a change in loan terms in the form of principal forgiveness, an interest rate reduction, other than-

insignificant payment delay, term extension or combination of the above made to a borrower experiencing financial difficulty.

The amount of outstanding commitments to lend additional funds to debtors with financial difficulties owing receivables whose terms

have been modified during the nine months ended September 30, 2024 and September 30, 2023 amounted to $

65.0

 million and

$

17.0

 million, respectively, related to the commercial loan portfolios.

The following tables show the amortized cost basis of the loans modified to borrowers experiencing financial difficulties at the end of

the reporting period disaggregated by class of financing receivable and type of concession granted for the quarters and nine months

ended September 30, 2024 and September 30, 2023. Loans modified to borrowers under financial difficulties that were fully paid

down, charged-off or foreclosed upon by period end are not reported.

Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the quarter ended September 30, 2024

Interest Rate Reduction

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2024

% of total class

of Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

CRE owner occupied

$

147

0.01

%

$

-

-

%

$

147

-

%

Commercial and industrial

693

0.01

%

-

-

%

693

0.01

%

Consumer:

 Credit cards

213

0.02

%

-

-

%

213

0.02

%

 Personal

830

0.05

%

-

-

%

830

0.04

%

Total

$

1,883

0.01

%

$

-

-

%

$

1,883

0.01

%

Term Extension

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2024

% of total class

of Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Commercial multi-family

$

-

-

%

$

10,570

0.50

%

$

10,570

0.44

%

CRE non-owner occupied

13,108

0.42

%

-

-

%

13,108

0.25

%

CRE owner occupied

764

0.05

%

-

-

%

764

0.02

%

Commercial and industrial

20,966

0.41

%

-

-

%

20,966

0.28

%

Construction

768

0.40

%

-

-

%

768

0.07

%

Mortgage

11,850

0.18

%

429

0.03

%

12,279

0.15

%

Consumer:

 Personal

148

0.01

%

-

-

%

148

0.01

%

Total

$

47,604

0.19

%

$

10,999

0.11

%

$

58,603

0.16

%

Other-Than-Insignificant Payment Delays

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2024

% of total class

of Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

CRE non-owner occupied

$

139

-

%

$

-

-

%

$

139

-

%

CRE owner occupied

4,993

0.36

%

-

-

%

4,993

0.16

%

Commercial and industrial

71,867

1.39

%

-

-

%

71,867

0.97

%

Consumer:

 Credit cards

5

-

%

-

-

%

5

-

%

Total

$

77,004

0.30

%

$

-

-

%

$

77,004

0.21

%

Combination - Term Extension and Interest Rate Reduction

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2024

% of total class

of Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

CRE owner occupied

$

202

0.01

%

$

-

-

%

$

202

0.01

%

Commercial and industrial

44

-

%

-

-

%

44

-

%

Mortgage

4,728

0.07

%

-

-

%

4,728

0.06

%

Consumer:

 Personal

2,569

0.15

%

65

0.05

%

2,634

0.14

%

Total

$

7,543

0.03

%

$

65

-

%

$

7,608

0.02

%

Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction

Puerto Rico

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2024

% of total class

of Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Commercial and industrial

$

23

-

%

$

-

-

%

$

23

-

%

Consumer:

 Credit cards

862

0.07

%

-

-

%

862

0.07

%

Total

$

885

-

%

$

-

-

%

$

885

-

%

Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the nine months ended September 30, 2024

Interest Rate Reduction

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

CRE owner occupied

$

175

0.01

%

$

-

-

%

$

175

0.01

%

Commercial and industrial

2,756

0.05

%

-

-

%

2,756

0.04

%

Mortgage

42

-

%

-

-

%

42

-

%

Consumer:

 Credit cards

721

0.06

%

-

-

%

721

0.06

%

 Personal

1,873

0.11

%

-

-

%

1,873

0.10

%

 Other

24

0.02

%

-

-

%

24

0.01

%

Total

$

5,591

0.02

%

$

-

-

%

$

5,591

0.02

%

Term Extension

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Commercial multi-family

$

-

-

%

$

10,570

0.50

%

$

10,570

0.44

%

CRE non-owner occupied

55,655

1.77

%

-

-

%

55,655

1.07

%

CRE owner occupied

11,482

0.82

%

6,033

0.36

%

17,515

0.57

%

Commercial and industrial

23,837

0.46

%

-

-

%

23,837

0.32

%

Construction

768

0.40

%

-

-

%

768

0.07

%

Mortgage

41,649

0.62

%

1,075

0.08

%

42,724

0.53

%

Consumer:

 Personal

537

0.03

%

-

-

%

537

0.03

%

 Auto

53

-

%

-

-

%

53

-

%

Total

$

133,981

0.52

%

$

17,678

0.17

%

$

151,659

0.42

%

Other-Than-Insignificant Payment Delays

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

CRE non-owner occupied

$

139

-

%

$

-

-

%

$

139

-

%

CRE owner occupied

20,591

1.47

%

-

-

%

20,591

0.67

%

Commercial and industrial

75,231

1.45

%

-

-

%

75,231

1.02

%

Mortgage

127

-

%

-

-

%

127

-

%

Consumer:

 Credit cards

5

-

%

-

-

%

5

-

%

Total

$

96,093

0.37

%

$

-

-

%

$

96,093

0.27

%

Combination - Term Extension and Interest Rate Reduction

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

CRE non-owner occupied

$

889

0.03

%

$

-

-

%

$

889

0.02

%

CRE owner occupied

202

0.01

%

-

-

%

202

0.01

%

Commercial and industrial

615

0.01

%

-

-

%

615

0.01

%

Mortgage

13,404

0.20

%

67

0.01

%

13,471

0.17

%

Consumer:

 Personal

5,755

0.33

%

312

0.26

%

6,067

0.32

%

Total

$

20,865

0.08

%

$

379

-

%

$

21,244

0.06

%

Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction

Puerto Rico

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2024

% of total class of

Financing

Receivable

Commercial and industrial

$

110

-

%

$

-

-

%

$

110

-

%

Consumer:

 Credit cards

1,335

0.11

%

-

-

%

1,335

0.11

%

Total

$

1,445

0.01

%

$

-

-

%

$

1,445

-

%

Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the quarter ended September 30, 2023

Interest Rate Reduction

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2023

% of total class

of Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

CRE owner occupied

$

141,807

10.07

%

$

-

-

%

$

141,807

4.66

%

Commercial and industrial

43

-

%

-

-

%

43

-

%

Mortgage

76

-

%

-

-

%

76

-

%

Consumer:

 Credit cards

154

0.01

%

-

-

%

154

0.01

%

 Personal

247

0.01

%

-

-

%

247

0.01

%

Total

$

142,327

0.60

%

$

-

-

%

$

142,327

0.42

%

Term Extension

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2023

% of total class

of Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

CRE non-owner occupied

$

8,760

0.30

%

$

-

-

%

$

8,760

0.17

%

CRE owner occupied

2,667

0.19

%

10,847

0.66

%

13,514

0.44

%

Commercial and industrial

16,535

0.38

%

-

-

%

16,535

0.25

%

Mortgage

17,057

0.27

%

933

0.07

%

17,990

0.24

%

Consumer:

 Personal

122

0.01

%

-

-

%

122

0.01

%

Total

$

45,141

0.19

%

$

11,780

0.11

%

$

56,921

0.17

%

Other-Than-Insignificant Payment Delays

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2023

% of total class

of Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

CRE owner occupied

$

8,980

0.64

%

$

-

-

%

$

8,980

0.29

%

Commercial and industrial

3,287

0.08

%

-

-

%

3,287

0.05

%

Total

$

12,267

0.05

%

$

-

-

%

$

12,267

0.04

%

Combination - Term Extension and Interest Rate Reduction

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2023

% of total class

of Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

CRE non-owner occupied

$

18,705

0.63

%

$

-

-

%

$

18,705

0.37

%

CRE owner occupied

14,683

1.04

%

-

-

%

14,683

0.48

%

Commercial and industrial

558

0.01

%

-

-

%

558

0.01

%

Mortgage

7,691

0.12

%

-

-

%

7,691

0.10

%

Consumer:

 Personal

815

0.05

%

11

0.01

%

826

0.04

%

Total

$

42,452

0.18

%

$

11

-

%

$

42,463

0.12

%

Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction

Puerto Rico

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2023

% of total class

of Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

CRE non-owner occupied

$

182

0.01

%

$

-

-

%

$

182

-

%

Commercial and industrial

78

-

%

-

-

%

78

-

%

Consumer:

 Credit cards

195

-

%

-

-

%

195

0.02

%

Total

$

455

-

%

$

-

-

%

$

455

-

%

Loan Modifications Made to Borrowers Experiencing Financial Difficulty for the nine months ended September 30, 2023

Interest Rate Reduction

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

CRE owner occupied

$

141,807

10.07

%

$

-

-

%

$

141,807

4.66

%

Commercial and industrial

43

-

%

-

-

%

43

-

%

Mortgage

302

-

%

-

-

%

302

-

%

Consumer:

 Credit cards

565

0.05

%

-

-

%

565

0.05

%

 Personal

540

0.03

%

3

-

%

543

0.03

%

 Other

3

-

%

-

-

%

3

-

%

Total

$

143,260

0.60

%

$

3

-

%

$

143,263

0.42

%

Term Extension

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

CRE non-owner occupied

$

33,059

1.12

%

$

-

-

%

$

33,059

0.66

%

CRE owner occupied

4,293

0.30

%

26,509

1.62

%

30,802

1.01

%

Commercial and industrial

38,713

0.89

%

-

-

%

38,713

0.59

%

Construction

2,169

1.27

%

5,309

0.71

%

7,478

0.81

%

Mortgage

41,916

0.67

%

5,423

0.42

%

47,339

0.62

%

Consumer:

 Personal

196

0.01

%

129

0.07

%

325

0.02

%

 Auto

36

-

%

-

-

%

36

-

%

Total

$

120,382

0.51

%

$

37,370

0.36

%

$

157,752

0.46

%

Principal Forgiveness

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

CRE owner occupied

$

18

-

%

$

-

-

%

$

18

-

%

Total

$

18

-

%

$

-

-

%

$

18

-

%

Other-Than-Insignificant Payment Delays

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

CRE non-owner occupied

$

1,736

0.06

%

$

-

-

%

$

1,736

0.03

%

CRE owner occupied

12,833

0.91

%

13,556

0.83

%

26,389

0.87

%

Commercial and industrial

4,653

0.11

%

828

0.04

%

5,481

0.08

%

Mortgage

137

-

%

-

-

%

137

-

%

Consumer:

 Other

31

0.02

%

-

-

%

31

0.02

%

Total

$

19,390

0.08

%

$

14,384

0.14

%

$

33,774

0.10

%

Combination - Term Extension and Interest Rate Reduction

BPPR

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

CRE non-owner occupied

$

18,705

0.63

%

$

-

-

%

$

18,705

0.37

%

CRE owner occupied

14,784

1.05

%

-

-

%

14,784

0.49

%

Commercial and industrial

614

0.01

%

-

-

%

614

0.01

%

Mortgage

29,044

0.46

%

407

0.03

%

29,451

0.39

%

Consumer:

 Personal

1,711

0.10

%

43

0.02

%

1,754

0.09

%

 Auto

27

-

%

-

-

%

27

-

%

Total

$

64,885

0.27

%

$

450

-

%

$

65,335

0.19

%

Combination - Other-Than-Insignificant Payment Delays and Interest Rate Reduction

Puerto Rico

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

CRE non-owner occupied

$

182

0.01

%

$

-

-

$

182

-

%

Commercial and industrial

153

-

%

-

-

153

-

%

Consumer:

 Credit cards

587

0.05

%

-

-

587

0.05

%

Total

$

922

-

%

$

-

-

$

922

-

%

Combination - Other-Than-Insignificant Payment Delays and Principal Forgiveness

Puerto Rico

Popular U.S.

Popular, Inc.

(Dollars in thousands)

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

Amortized Cost

Basis at

September 30,

2023

% of total class of

Financing

Receivable

CRE owner occupied

$

195

0.01

%

$

-

-

$

195

0.01

%

Total

$

195

-

%

$

-

-

$

195

-

%

The following tables describe the financial effect of the modifications made to borrowers experiencing financial difficulties:

For the quarter ended September 30, 2024

Interest rate reduction

Loan Type

Financial Effect

CRE Owner occupied

Reduced weighted-average contractual interest rate from

10.45

% to

6.62

%

Commercial and industrial

Reduced weighted-average contractual interest rate from

25.76

% to

10.21

%.

Mortgage

Reduced weighted-average contractual interest rate from

5.87

% to

4.32

%.

Consumer:

Credit cards

Reduced weighted-average contractual interest rate from

21.46

% to

8.02

%.

Personal

Reduced weighted-average contractual interest rate from

19.47

% to

10.35

%.

Term extension

Loan Type

Financial Effect

Commercial multi-family

Added a weighted-average of

4

 months to the life of loans.

CRE Non-owner occupied

Added a weighted-average of

7

 months to the life of loans.

CRE Owner occupied

Added a weighted-average of

5

 years to the life of loans.

Commercial and industrial

Added a weighted-average of

1

 year to the life of loans.

Construction

Added a weighted-average of

2

 months to the life of loans.

Mortgage

Added a weighted-average of

12

 years to the life of loans.

Consumer:

Personal

Added a weighted-average of

5

 years to the life of loans.

Other than insignificant payment delays

Loan Type

Financial Effect

CRE Non-owner occupied

Added a weighted-average of

14

 months to the life of loans.

CRE Owner occupied

Added a weighted-average of

7

 months to the life of loans.

Commercial and industrial

Added a weighted-average of

7

 months to the life of loans.

Consumer:

Credit cards

Added a weighted-average of

16

 months to the life of loans.

For the nine months ended September 30, 2024

Interest rate reduction

Loan Type

Financial Effect

CRE Non-owner occupied

Reduced weighted-average contractual interest rate from

10.1

% to

8.3

%.

CRE Owner occupied

Reduced weighted-average contractual interest rate from

10.6

% to

6.5

%.

Commercial and industrial

Reduced weighted-average contractual interest rate from

20.6

% to

9.6

%.

Mortgage

Reduced weighted-average contractual interest rate from

6.1

% to

4.4

%.

Consumer:

Credit cards

Reduced weighted-average contractual interest rate from

20.9

% to

6.5

%.

Personal

Reduced weighted-average contractual interest rate from

19.1

% to

10

.0%.

Other

Reduced weighted-average contractual interest rate from

18

.0% to

0

%.

Term extension

Loan Type

Financial Effect

Commercial multi-family

Added a weighted-average of

4

 months to the life of loans.

CRE Non-owner occupied

Added a weighted-average of

9

 months to the life of loans.

CRE Owner occupied

Added a weighted-average of

11

 months to the life of loans.

Commercial and industrial

Added a weighted-average of

2

 years to the life of loans.

Construction

Added a weighted-average of

2

 months to the life of loans.

Mortgage

Added a weighted-average of

12

 years to the life of loans.

Consumer:

Personal

Added a weighted-average of

8

 years to the life of loans.

Auto

Added a weighted-average of

4

 years to the life of loans.

Other than insignificant payment delay

Loan Type

Financial Effect

CRE Non-owner occupied

Added a weighted-average of

14

 months to the life of loans.

CRE Owner occupied

Added a weighted-average of

10

 months to the life of loans.

Commercial and industrial

Added a weighted-average of

7

 months to the life of loans.

Mortgage

Added a weighted-average of

30

 months to the life of loans.

Consumer:

Credit cards

Added a weighted-average of

18

 months to the life of loans.

For the quarter ended September 30, 2023

Interest rate reduction

Loan Type

Financial Effect

CRE Non-owner occupied

Reduced weighted-average contractual interest rate from

9

.0% to

7.2

%.

CRE Owner occupied

Reduced weighted-average contractual interest rate from

8.4

% to

6.6

%.

Commercial and industrial

Reduced weighted-average contractual interest rate from

12.5

% to

7.6

%.

Mortgage

Reduced weighted-average contractual interest rate from

5.7

% to

4.2

%.

Consumer:

Credit cards

Reduced weighted-average contractual interest rate from

19.6

% to

3.6

%.

Personal

Reduced weighted-average contractual interest rate from

17

.0% to

9.1

%.

Term extension

Loan Type

Financial Effect

CRE Non-owner occupied

Added a weighted-average of

28

 months to the life of loans.

CRE Owner occupied

Added a weighted-average of

1

 year to the life of loans.

Commercial and industrial

Added a weighted-average of

3

 years to the life of loans.

Mortgage

Added a weighted-average of

11

 years to the life of loans.

Consumer:

Personal

Added a weighted-average of

7

 years to the life of loans.

Other than insignificant payment delay

Loan Type

Financial Effect

CRE Non-owner occupied

Added a weighted-average of

7

 months to the life of loans.

CRE Owner occupied

Added a weighted-average of

10

 months to the life of loans.

Commercial and industrial

Added a weighted-average of

7

 months to the life of loans.

Consumer:

Credit cards

Added a weighted-average of

29

 months to the life of loans.

For the nine months ended September 30, 2023

Interest rate reduction

Loan Type

Financial Effect

CRE Non-owner occupied

Reduced weighted-average contractual interest rate from

9

.0% to

7.2

%.

CRE Owner occupied

Reduced weighted-average contractual interest rate from

8.4

% to

6.6

%.

Commercial and industrial

Reduced weighted-average contractual interest rate from

14

.0% to

7.7

%.

Mortgage

Reduced weighted-average contractual interest rate from

5.7

% to

4.2

%.

Consumer:

Credit cards

Reduced weighted-average contractual interest rate from

18

.0% to

4.3

%.

Personal

Reduced weighted-average contractual interest rate from

18

.0% to

9.7

%.

Auto

Reduced weighted-average contractual interest rate from

12.64

% to

12.62

%.

Other

Reduced weighted-average contractual interest rate from

18

.0% to

0

.0%.

Term extension

Loan Type

Financial Effect

CRE Non-owner occupied

Added a weighted-average of

19

 months to the life of loans.

CRE Owner occupied

Added a weighted-average of

1

 year to the life of loans.

Commercial and industrial

Added a weighted-average of

2

 years to the life of loans.

Construction

Added a weighted-average of

6

 months to the life of loans.

Mortgage

Added a weighted-average of

11

 years to the life of loans.

Consumer:

Personal

Added a weighted-average of

7

 years to the life of loans.

Auto

Added a weighted-average of

3

 years to the life of loans.

Principal forgiveness

Loan Type

Financial Effect

CRE Owner occupied

Reduced the amortized cost basis of the loans by $

0.1

 million.

Other than insignificant payment delay

Loan Type

Financial Effect

CRE Non-owner occupied

Added a weighted-average of

12

 months to the life of loans.

CRE Owner occupied

Added a weighted-average of

8

 months to the life of loans.

Commercial and industrial

Added a weighted-average of

8

 months to the life of loans.

Mortgage

Added a weighted-average of

40

 months to the life of loans.

Consumer:

Credit cards

Added a weighted-average of

26

 months to the life of loans.

Other

Added a weighted-average of

11

 months to the life of loans.

The following tables present, by class, the performance of loans that have been modified during the twelve months preceding

September 30, 2024. The past due 90 days or more categories includes all loans modified classified as non-accruing at the time of

the modification. These loans will continue in non-accrual status, and presented as past due 90 days or more, until the borrower has

demonstrated a willingness and ability to make the restructured loan payments (at least nine months of sustained performance after

the modification or one year for loans providing for quarterly or semi-annual payments) and management has concluded that it is

probable that the borrower would not be in payment default in the foreseeable future.

BPPR

 September 30, 2024

Past Due 90 days or more [1]

(In thousands)

30-59 days

60-89 days

Past due 90

days or more

Total past

due

Current

Total

With Payment

Default

Without

Payment Default

Commercial multi-family

$

-

$

-

$

63

$

63

$

-

$

63

$

-

$

63

CRE non-owner occupied

-

-

2,798

2,798

55,766

58,564

-

2,798

CRE owner occupied

92

-

2,232

2,324

36,355

38,679

89

2,143

Commercial and industrial

12,359

26

4,817

17,202

86,203

103,405

96

4,721

Construction

-

-

-

-

768

768

-

-

Mortgage

5,649

4,359

24,206

34,214

40,358

74,572

6,609

17,597

Consumer:

 Credit cards

205

81

283

569

1,715

2,284

197

86

 Personal

286

51

1,914

2,251

6,854

9,105

210

1,704

 Auto

-

-

34

34

69

103

-

34

 Other

24

-

-

24

4

28

-

-

Total

$

18,615

$

4,517

$

36,347

$

59,479

$

228,092

$

287,571

$

7,201

$

29,146

[1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability

to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or

charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification

date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported.

Popular U.S.

 September 30, 2024

Past Due 90 days or more [1]

(In thousands)

30-59 days

60-89 days

Past due 90

days or more

Total past

due

Current

Total

With Payment

Default

Without

Payment Default

Commercial multi-family

$

-

$

-

$

-

$

-

$

10,570

10,570

$

-

$

-

CRE owner occupied

-

-

-

-

39,855

39,855

-

-

Mortgage

-

-

795

795

407

1,202

-

795

Consumer:

 Personal

29

-

85

114

216

330

-

85

Total

$

29

$

-

$

880

$

909

$

51,048

$

51,957

$

-

$

880

[1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability

to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or

charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification

date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported.

Popular Inc.

 September 30, 2024

Past Due 90 days or more [1]

(In thousands)

30-59 days

60-89 days

Past due 90

days or more

Total past

due

Current

Total

With Payment

Default

Without

Payment Default

Commercial multi-family

$

-

$

-

$

63

$

63

$

10,570

$

10,633

$

-

$

63

CRE non-owner occupied

-

-

2,798

2,798

55,766

58,564

-

2,798

CRE owner occupied

92

-

2,232

2,324

76,210

78,534

89

2,143

Commercial and industrial

12,359

26

4,817

17,202

86,203

103,405

96

4,721

Construction

-

-

-

-

768

768

-

-

Mortgage

5,649

4,359

25,001

35,009

40,765

75,774

6,609

18,392

Consumer:

 Credit cards

205

81

283

569

1,715

2,284

197

86

 Personal

315

51

1,999

2,365

7,070

9,435

210

1,789

 Auto

-

-

34

34

69

103

-

34

 Other

24

-

-

24

4

28

-

-

Total

$

18,644

$

4,517

$

37,227

$

60,388

$

279,140

$

339,528

$

7,201

$

30,026

[1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability

to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or

charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification

date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported.

The following tables present, by class, the performance of loans that have been modified during the nine months ended September

30, 2023.

BPPR

 September 30, 2023

Past Due 90 days or more [1]

(In thousands)

30-59 days

60-89 days

Past due 90

days or more

Total past

due

Current

Total

With Payment

Default

Without

Payment Default

CRE non-owner occupied

$

-

$

-

$

122

$

122

$

53,560

$

53,682

$

-

$

122

CRE owner occupied

-

-

2,488

2,488

171,442

173,930

-

2,488

Commercial and industrial

-

-

1,735

1,735

42,441

44,176

729

1,006

Construction

-

-

-

-

2,169

2,169

-

-

Mortgage

4,913

2,572

22,291

29,776

41,623

71,399

4,196

18,095

Consumer:

 Credit cards

117

87

130

334

818

1,152

93

37

 Personal

48

19

550

617

1,830

2,447

-

550

 Auto

-

-

11

11

52

63

-

11

 Other

-

-

31

31

3

34

31

-

Total

$

5,078

$

2,678

$

27,358

$

35,114

$

313,938

$

349,052

$

5,049

$

22,309

[1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability

to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or

charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification

date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported.

Popular U.S.

 September 30, 2023

Past Due 90 days or more [1]

(In thousands)

30-59 days

60-89 days

Past due 90

days or more

Total past

due

Current

Total

With Payment

Default

Without

Payment Default

CRE owner occupied

$

-

$

-

$

-

$

-

$

40,065

$

40,065

$

-

$

-

Commercial and industrial

-

-

-

-

828

828

-

-

Construction

-

-

-

-

5,309

5,309

-

-

Mortgage

-

-

334

334

5,496

5,830

103

231

Consumer:

 Personal

-

-

129

129

46

175

-

129

Total

$

-

$

-

$

463

$

463

$

51,744

$

52,207

$

103

$

360

[1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability

to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or

charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification

date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported.

Popular Inc.

 September 30, 2023

Past Due 90 days or more [1]

(In thousands)

30-59 days

60-89 days

Past due 90

days or more

Total past

due

Current

Total

With Payment

Default

Without

Payment Default

CRE non-owner occupied

$

-

$

-

$

122

$

122

$

53,560

$

53,682

$

-

$

122

CRE owner occupied

-

-

2,488

2,488

211,507

213,995

-

2,488

Commercial and industrial

-

-

1,735

1,735

43,269

45,004

729

1,006

Construction

-

-

-

-

7,478

7,478

-

-

Mortgage

4,913

2,572

22,625

30,110

47,119

77,229

4,299

18,326

Consumer:

 Credit cards

117

87

130

334

818

1,152

93

37

 Personal

48

19

679

746

1,876

2,622

-

679

 Auto

-

-

11

11

52

63

-

11

 Other

-

-

31

31

3

34

31

-

Total

$

5,078

$

2,678

$

27,821

$

35,577

$

365,682

$

401,259

$

5,152

$

22,669

[1] Loans that were in non-accrual status at the time of modification are presented as past due until the borrower has demonstrated a willingness and ability

to make the restructured loan payments. Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or

charged-off, whichever occurs first. The recorded investment as of period end is inclusive of all partial paydowns and charge-offs since the modification

date. Loans modified with financial difficulty that were fully paid down, charged-off or foreclosed upon by period end are not reported.

Payment default is defined as a restructured loan becoming 90 days past due after being modified, foreclosed or charged-off,

whichever occurs first. During the quarter and nine months ended September 30, 2024, the outstanding balance of loans modified

for borrowers under financial difficulties that were subject to payment default and that had been modified during the twelve months

preceding the default date was $

7

 million and $

25

 million, respectively. The amount was not considered material for the quarter and

nine months ended September 30, 2023.

For the quarter ended September 30, 2024, extension of maturity and the combination of interest rate reduction and extension of

maturity amounted to $

6

 million and $

1

 million, respectively, of the outstanding balance of loans modified for borrowers under

financial difficulties that were subject to payment default during the year preceding the default date. For the nine months ended

September 30, 2024, interest rate reduction, extension of maturity and the combination of interest rate reduction and extension of

maturity amounted to $

1

 million, $

22

 million and $

2

 million, respectively of the outstanding balance of loans modified for borrowers

under financial difficulties that were subject to payment default during the year preceding the default date.

Credit Quality

The risk rating system provides for the assignment of ratings at the obligor level based on the financial condition of the borrower.

The risk rating analysis process is performed at least once a year or more frequently if events or conditions change which may

deteriorate the credit quality. In the case of consumer and mortgage loans, these loans are classified considering their delinquency

status at the end of the reporting period.

The following tables present the amortized cost basis, net of unearned income, of loans held-in-portfolio based on the Corporation’s

assignment of obligor risk ratings as defined at September 30, 2024 and December 31, 2023 and the gross write-offs recorded by

vintage year. For the definitions of the obligor risk ratings, refer to the Credit Quality section of Note 9 to the Consolidated Financial

Statements included in the 2023 Form 10-K:

September 30, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior 

Years

Total

BPPR

Commercial:

Commercial multi-family

Pass

$

45,745

$

37,386

$

136,798

$

21,021

$

20,224

$

28,713

$

-

$

-

$

289,887

Watch

-

-

-

-

-

5,796

-

-

5,796

Special Mention

-

-

546

-

-

4,665

-

-

5,211

Substandard

-

-

-

-

-

4,640

-

-

4,640

Total commercial

multi-family

$

45,745

$

37,386

$

137,344

$

21,021

$

20,224

$

43,814

$

-

$

-

$

305,534

Commercial real estate non-owner occupied

Pass

$

319,714

$

315,434

$

821,480

$

551,468

$

340,485

$

542,362

$

6,213

$

-

$

2,897,156

Watch

-

2,118

1,061

5,015

29,165

56,824

-

-

94,183

Special Mention

-

41,558

7,153

24,424

-

65,985

-

-

139,120

Substandard

-

1,006

111

174

2,028

14,477

-

-

17,796

Total commercial

real estate non-

owner occupied

$

319,714

$

360,116

$

829,805

$

581,081

$

371,678

$

679,648

$

6,213

$

-

$

3,148,255

Year-to-Date gross

write-offs

$

-

$

-

$

69

$

-

$

-

$

-

$

-

$

-

$

69

Commercial real estate owner occupied

Pass

$

89,427

$

95,335

$

149,373

$

217,165

$

47,671

$

334,396

$

5,904

$

-

$

939,271

Watch

845

2,032

41,922

9,003

4,559

83,693

3

-

142,057

Special Mention

-

1,232

19,778

20,381

887

20,676

1,350

-

64,304

Substandard

467

1,149

20,644

4,714

141,549

76,725

12,932

-

258,180

Doubtful

-

-

-

-

-

38

-

-

38

Total commercial

real estate owner

occupied

$

90,739

$

99,748

$

231,717

$

251,263

$

194,666

$

515,528

$

20,189

$

-

$

1,403,850

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

2,787

$

-

$

-

$

2,787

Commercial and industrial

Pass

$

628,977

$

923,130

$

609,454

$

322,189

$

216,674

$

324,173

$

1,239,993

$

-

$

4,264,590

Watch

42,726

54,796

48,349

4,210

3,445

71,412

233,386

-

458,324

Special Mention

4,836

13,934

3,931

158,133

2,723

44,297

36,007

-

263,861

Substandard

4,716

1,136

34,868

6,335

12,056

22,380

107,781

-

189,272

Doubtful

-

-

-

-

14

17

-

-

31

Loss

-

-

-

-

-

-

47

-

47

Total commercial

and industrial

$

681,255

$

992,996

$

696,602

$

490,867

$

234,912

$

462,279

$

1,617,214

$

-

$

5,176,125

Year-to-Date gross

write-offs

$

420

$

318

$

331

$

122

$

2,838

$

11,685

$

5,217

$

-

$

20,931

Construction

Pass

$

46,479

$

53,586

$

41,492

$

10,539

$

10,572

$

1,011

$

19,731

$

-

$

183,410

Special Mention

-

-

-

6,165

-

-

-

-

6,165

Substandard

-

-

-

768

-

-

-

-

768

Total construction

$

46,479

$

53,586

$

41,492

$

17,472

$

10,572

$

1,011

$

19,731

$

-

$

190,343

Mortgage

Pass

$

636,253

$

734,172

$

419,816

$

413,048

$

242,256

$

4,173,843

$

-

$

-

$

6,619,388

Substandard

-

1,863

1,051

775

348

71,992

-

-

76,029

Total mortgage

$

636,253

$

736,035

$

420,867

$

413,823

$

242,604

$

4,245,835

$

-

$

-

$

6,695,417

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

8

$

-

$

991

$

-

$

-

$

999

September 30, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior 

Years

Total

BPPR

Leasing

Pass

$

577,747

$

508,333

$

394,476

$

240,244

$

118,620

$

40,264

$

-

$

-

$

1,879,684

Substandard

315

1,772

2,219

1,744

564

664

-

-

7,278

Loss

-

29

30

-

-

31

-

-

90

Total leasing

$

578,062

$

510,134

$

396,725

$

241,988

$

119,184

$

40,959

$

-

$

-

$

1,887,052

Year-to-Date gross

write-offs

$

639

$

3,534

$

4,220

$

2,477

$

453

$

998

$

-

$

-

$

12,321

Consumer:

Credit cards

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

1,159,675

$

-

$

1,159,675

Substandard

-

-

-

-

-

-

27,121

-

27,121

Loss

-

-

-

-

-

-

93

-

93

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

1,186,889

$

-

$

1,186,889

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

50,318

$

-

$

50,318

HELOCs

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

2,131

$

-

$

2,131

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

-

$

2,131

$

-

$

2,131

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

373

$

-

$

373

Personal

Pass

$

560,994

$

584,410

$

308,630

$

118,359

$

34,512

$

103,723

$

-

$

21,944

$

1,732,572

Substandard

347

5,248

3,938

1,556

265

8,660

-

1,293

21,307

Loss

3

85

100

6

6

2

-

-

202

Total Personal

$

561,344

$

589,743

$

312,668

$

119,921

$

34,783

$

112,385

$

-

$

23,237

$

1,754,081

Year-to-Date gross

write-offs

$

882

$

26,352

$

30,020

$

8,457

$

2,294

$

2,934

$

-

$

1,415

$

72,354

Auto

Pass

$

1,013,543

$

1,007,006

$

721,883

$

547,046

$

290,297

$

183,490

$

-

$

-

$

3,763,265

Substandard

3,665

14,590

13,569

10,585

6,934

5,820

-

-

55,163

Loss

-

60

58

5

15

41

-

-

179

Total Auto

$

1,017,208

$

1,021,656

$

735,510

$

557,636

$

297,246

$

189,351

$

-

$

-

$

3,818,607

Year-to-Date gross

write-offs

$

3,815

$

28,070

$

15,143

$

7,377

$

3,930

$

1,452

$

-

$

-

$

59,787

Other consumer

Pass

$

21,944

$

30,575

$

20,718

$

11,621

$

4,962

$

3,709

$

62,453

$

-

$

155,982

Substandard

-

233

22

14

29

61

299

-

658

Loss

-

-

-

550

-

-

-

-

550

Total Other

consumer

$

21,944

$

30,808

$

20,740

$

12,185

$

4,991

$

3,770

$

62,752

$

-

$

157,190

Year-to-Date gross

write-offs

$

25

$

196

$

130

$

96

$

128

$

1,497

$

-

$

-

$

2,072

Total BPPR

$

3,998,743

$

4,432,208

$

3,823,470

$

2,707,257

$

1,530,860

$

6,294,580

$

2,915,119

$

23,237

$

25,725,474

September 30, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior

Years

Total

Popular U.S.

Commercial:

Commercial multi-family

Pass

$

88,767

$

156,950

$

517,888

$

353,958

$

195,703

$

620,641

$

2,840

$

-

$

1,936,747

Watch

-

-

16,549

1,990

23,777

89,401

-

-

131,717

Special Mention

-

-

-

-

-

4,765

-

-

4,765

Substandard

-

-

-

-

-

26,539

-

-

26,539

Total commercial

multi-family

$

88,767

$

156,950

$

534,437

$

355,948

$

219,480

$

741,346

$

2,840

$

-

$

2,099,768

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

441

$

-

$

-

$

441

Commercial real estate non-owner occupied

Pass

$

45,320

$

397,410

$

496,311

$

156,546

$

223,062

$

469,514

$

12,572

$

-

$

1,800,735

Watch

-

-

13,532

24,646

17,280

63,562

-

-

119,020

Special Mention

-

-

-

2,373

-

63,304

-

-

65,677

Substandard

-

-

2,684

2,763

7,878

38,369

-

-

51,694

Total commercial

real estate non-

owner occupied

$

45,320

$

397,410

$

512,527

$

186,328

$

248,220

$

634,749

$

12,572

$

-

$

2,037,126

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

54

$

-

$

-

$

54

Commercial real estate owner occupied

Pass

$

137,358

$

287,290

$

236,338

$

253,353

$

30,402

$

253,735

$

5,954

$

-

$

1,204,430

Watch

-

13,320

33,982

36,980

50,577

70,804

1,905

-

207,568

Special Mention

-

490

45,220

59,249

31,221

10,899

-

-

147,079

Substandard

-

-

17,165

2,379

-

109,922

-

-

129,466

Total commercial

real estate owner

occupied

$

137,358

$

301,100

$

332,705

$

351,961

$

112,200

$

445,360

$

7,859

$

-

$

1,688,543

Commercial and industrial

Pass

$

145,968

$

255,118

$

314,585

$

324,851

$

264,907

$

501,314

$

193,158

$

-

$

1,999,901

Watch

22

8,581

51,322

32,037

20,747

67,302

9,533

-

189,544

Special Mention

55

9,052

5,503

726

1

297

5,190

-

20,824

Substandard

1,807

670

261

61

2,595

3,212

5,553

-

14,159

Total commercial

and industrial

$

147,852

$

273,421

$

371,671

$

357,675

$

288,250

$

572,125

$

213,434

$

-

$

2,224,428

Year-to-Date gross

write-offs

$

1,103

$

644

$

190

$

300

$

5

$

44

$

86

$

-

$

2,372

Construction

Pass

$

169,148

$

460,457

$

149,988

$

14,567

$

-

$

769

$

9,133

$

-

$

804,062

Watch

-

-

28,896

-

-

7,229

24,280

-

60,405

Special Mention

-

10,026

6,224

-

-

-

-

-

16,250

Substandard

-

-

7,898

-

-

34,349

-

-

42,247

Total construction

$

169,148

$

470,483

$

193,006

$

14,567

$

-

$

42,347

$

33,413

$

-

$

922,964

Mortgage

Pass

$

69,138

$

91,580

$

217,752

$

275,884

$

219,511

$

395,632

$

-

$

-

$

1,269,497

Substandard

-

-

106

252

-

28,076

-

-

28,434

Total mortgage

$

69,138

$

91,580

$

217,858

$

276,136

$

219,511

$

423,708

$

-

$

-

$

1,297,931

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

18

$

-

$

-

$

18

September 30, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior

Years

Total

Popular U.S.

Consumer:

Credit cards

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

4

$

-

$

4

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

4

$

-

$

4

HELOCs

Pass

$

-

$

-

$

-

$

-

$

-

$

6,335

$

45,803

$

11,587

$

63,725

Substandard

-

-

-

-

-

1,733

16

1,132

2,881

Loss

-

-

-

-

-

99

-

855

954

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

8,167

$

45,819

$

13,574

$

67,560

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

25

$

-

$

25

Personal

Pass

$

23,428

$

27,043

$

52,498

$

11,362

$

1,089

$

1,836

$

-

$

-

$

117,256

Substandard

147

656

536

122

16

338

-

-

1,815

Loss

-

23

-

-

-

-

-

-

23

Total Personal

$

23,575

$

27,722

$

53,034

$

11,484

$

1,105

$

2,174

$

-

$

-

$

119,094

Year-to-Date gross

write-offs

$

253

$

3,161

$

8,859

$

2,030

$

180

$

267

$

-

$

-

$

14,750

Other consumer

Pass

$

17

$

-

$

-

$

-

$

-

$

-

$

12,056

$

-

$

12,073

Substandard

-

-

-

-

-

-

2

-

2

Total Other

consumer

$

17

$

-

$

-

$

-

$

-

$

-

$

12,058

$

-

$

12,075

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

77

$

-

$

77

Total Popular U.S.

$

681,175

$

1,718,666

$

2,215,238

$

1,554,099

$

1,088,766

$

2,869,976

$

327,999

$

13,574

$

10,469,493

September 30, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior

Years

Total

Popular, Inc.

Commercial:

Commercial multi-family

Pass

$

134,512

$

194,336

$

654,686

$

374,979

$

215,927

$

649,354

$

2,840

$

-

$

2,226,634

Watch

-

-

16,549

1,990

23,777

95,197

-

-

137,513

Special Mention

-

-

546

-

-

9,430

-

-

9,976

Substandard

-

-

-

-

-

31,179

-

-

31,179

Total commercial

multi-family

$

134,512

$

194,336

$

671,781

$

376,969

$

239,704

$

785,160

$

2,840

$

-

$

2,405,302

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

441

$

-

$

-

$

441

Commercial real estate non-owner occupied

Pass

$

365,034

$

712,844

$

1,317,791

$

708,014

$

563,547

$

1,011,876

$

18,785

$

-

$

4,697,891

Watch

-

2,118

14,593

29,661

46,445

120,386

-

-

213,203

Special Mention

-

41,558

7,153

26,797

-

129,289

-

-

204,797

Substandard

-

1,006

2,795

2,937

9,906

52,846

-

-

69,490

Total commercial

real estate non-

owner occupied

$

365,034

$

757,526

$

1,342,332

$

767,409

$

619,898

$

1,314,397

$

18,785

$

-

$

5,185,381

Year-to-Date gross

write-offs

$

-

$

-

$

69

$

-

$

-

$

54

$

-

$

-

$

123

Commercial real estate owner occupied

Pass

$

226,785

$

382,625

$

385,711

$

470,518

$

78,073

$

588,131

$

11,858

$

-

$

2,143,701

Watch

845

15,352

75,904

45,983

55,136

154,497

1,908

-

349,625

Special Mention

-

1,722

64,998

79,630

32,108

31,575

1,350

-

211,383

Substandard

467

1,149

37,809

7,093

141,549

186,647

12,932

-

387,646

Doubtful

-

-

-

-

-

38

-

-

38

Total commercial

real estate owner

occupied

$

228,097

$

400,848

$

564,422

$

603,224

$

306,866

$

960,888

$

28,048

$

-

$

3,092,393

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

2,787

$

-

$

-

$

2,787

Commercial and industrial

Pass

$

774,945

$

1,178,248

$

924,039

$

647,040

$

481,581

$

825,487

$

1,433,151

$

-

$

6,264,491

Watch

42,748

63,377

99,671

36,247

24,192

138,714

242,919

-

647,868

Special Mention

4,891

22,986

9,434

158,859

2,724

44,594

41,197

-

284,685

Substandard

6,523

1,806

35,129

6,396

14,651

25,592

113,334

-

203,431

Doubtful

-

-

-

-

14

17

-

-

31

Loss

-

-

-

-

-

-

47

-

47

Total commercial

and industrial

$

829,107

$

1,266,417

$

1,068,273

$

848,542

$

523,162

$

1,034,404

$

1,830,648

$

-

$

7,400,553

Year-to-Date gross

write-offs

$

1,523

$

962

$

521

$

422

$

2,843

$

11,729

$

5,303

$

-

$

23,303

September 30, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior

Years

Total

Popular, Inc.

Construction

Pass

$

215,627

$

514,043

$

191,480

$

25,106

$

10,572

$

1,780

$

28,864

$

-

$

987,472

Watch

-

-

28,896

-

-

7,229

24,280

-

60,405

Special Mention

-

10,026

6,224

6,165

-

-

-

-

22,415

Substandard

-

-

7,898

768

-

34,349

-

-

43,015

Total construction

$

215,627

$

524,069

$

234,498

$

32,039

$

10,572

$

43,358

$

53,144

$

-

$

1,113,307

Mortgage

Pass

$

705,391

$

825,752

$

637,568

$

688,932

$

461,767

$

4,569,475

$

-

$

-

$

7,888,885

Substandard

-

1,863

1,157

1,027

348

100,068

-

-

104,463

Total mortgage

$

705,391

$

827,615

$

638,725

$

689,959

$

462,115

$

4,669,543

$

-

$

-

$

7,993,348

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

8

$

-

$

1,009

$

-

$

-

$

1,017

Leasing

Pass

$

577,747

$

508,333

$

394,476

$

240,244

$

118,620

$

40,264

$

-

$

-

$

1,879,684

Substandard

315

1,772

2,219

1,744

564

664

-

-

7,278

Loss

-

29

30

-

-

31

-

-

90

Total leasing

$

578,062

$

510,134

$

396,725

$

241,988

$

119,184

$

40,959

$

-

$

-

$

1,887,052

Year-to-Date gross

write-offs

$

639

$

3,534

$

4,220

$

2,477

$

453

$

998

$

-

$

-

$

12,321

September 30, 2024

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2024

2023

2022

2021

2020

Prior

Years

Total

Popular, Inc.

Consumer:

Credit cards

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

1,159,679

$

-

$

1,159,679

Substandard

-

-

-

-

-

-

27,121

-

27,121

Loss

-

-

-

-

-

-

93

-

93

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

1,186,893

$

-

$

1,186,893

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

50,318

$

-

$

50,318

HELOCs

Pass

$

-

$

-

$

-

$

-

$

-

$

6,335

$

47,934

$

11,587

$

65,856

Substandard

-

-

-

-

-

1,733

16

1,132

2,881

Loss

-

-

-

-

-

99

-

855

954

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

8,167

$

47,950

$

13,574

$

69,691

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

398

$

-

$

398

Personal

Pass

$

584,422

$

611,453

$

361,128

$

129,721

$

35,601

$

105,559

$

-

$

21,944

$

1,849,828

Substandard

494

5,904

4,474

1,678

281

8,998

-

1,293

23,122

Loss

3

108

100

6

6

2

-

-

225

Total Personal

$

584,919

$

617,465

$

365,702

$

131,405

$

35,888

$

114,559

$

-

$

23,237

$

1,873,175

Year-to-Date gross

write-offs

$

1,135

$

29,513

$

38,879

$

10,487

$

2,474

$

3,201

$

-

$

1,415

$

87,104

Auto

Pass

$

1,013,543

$

1,007,006

$

721,883

$

547,046

$

290,297

$

183,490

$

-

$

-

$

3,763,265

Substandard

3,665

14,590

13,569

10,585

6,934

5,820

-

-

55,163

Loss

-

60

58

5

15

41

-

-

179

Total Auto

$

1,017,208

$

1,021,656

$

735,510

$

557,636

$

297,246

$

189,351

$

-

$

-

$

3,818,607

Year-to-Date gross

write-offs

$

3,815

$

28,070

$

15,143

$

7,377

$

3,930

$

1,452

$

-

$

-

$

59,787

Other consumer

Pass

$

21,961

$

30,575

$

20,718

$

11,621

$

4,962

$

3,709

$

74,509

$

-

$

168,055

Substandard

-

233

22

14

29

61

301

-

660

Loss

-

-

-

550

-

-

-

-

550

Total Other

consumer

$

21,961

$

30,808

$

20,740

$

12,185

$

4,991

$

3,770

$

74,810

$

-

$

169,265

Year-to-Date gross

write-offs

$

25

$

196

$

130

$

96

$

128

$

1,497

$

77

$

-

$

2,149

Total Popular Inc.

$

4,679,918

$

6,150,874

$

6,038,708

$

4,261,356

$

2,619,626

$

9,164,556

$

3,243,118

$

36,811

$

36,194,967

December 31, 2023

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2023

2022

2021

2020

2019

Prior 

Years

Total

BPPR

Commercial:

Commercial multi-family

Pass

$

37,976

$

138,619

$

21,334

$

20,487

$

32,554

$

24,248

$

306

$

-

$

275,524

Watch

-

-

-

-

1,068

5,179

-

-

6,247

Special Mention

-

559

-

-

-

4,780

-

-

5,339

Substandard

-

-

-

-

-

4,832

-

-

4,832

Total commercial

multi-family

$

37,976

$

139,178

$

21,334

$

20,487

$

33,622

$

39,039

$

306

$

-

$

291,942

Commercial real estate non-owner occupied

Pass

$

305,243

$

871,191

$

560,785

$

359,853

$

41,262

$

563,794

$

7,042

$

-

$

2,709,170

Watch

1,959

882

5,205

22,211

5,938

27,015

-

-

63,210

Special Mention

43,020

5,413

24,730

-

15,843

68,368

-

-

157,374

Substandard

1,016

1,307

180

2,231

53,729

12,968

4,069

-

75,500

Total commercial

real estate non-

owner occupied

$

351,238

$

878,793

$

590,900

$

384,295

$

116,772

$

672,145

$

11,111

$

-

$

3,005,254

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

609

$

-

$

521

$

-

$

-

$

1,130

Commercial real estate owner occupied

Pass

$

92,234

$

155,819

$

227,246

$

51,038

$

24,184

$

357,429

$

9,146

$

-

$

917,096

Watch

2,947

45,106

9,913

4,285

5,017

62,217

1,000

-

130,485

Special Mention

-

16,860

20,741

1,462

887

44,069

-

-

84,019

Substandard

1,316

15,710

5,080

143,696

845

87,383

12,617

-

266,647

Doubtful

-

-

-

-

-

136

-

-

136

Total commercial

real estate owner

occupied

$

96,497

$

233,495

$

262,980

$

200,481

$

30,933

$

551,234

$

22,763

$

-

$

1,398,383

Year-to-Date gross

write-offs

$

-

$

4

$

-

$

-

$

1

$

4,432

$

-

$

-

$

4,437

Commercial and industrial

Pass

$

1,109,898

$

634,401

$

511,912

$

241,452

$

123,458

$

258,872

$

1,343,885

$

-

$

4,223,878

Watch

28,841

95,785

6,111

4,043

15,560

65,360

182,756

-

398,456

Special Mention

6,401

3,269

276

3,200

2,088

41,289

9,410

-

65,933

Substandard

731

1,760

8,644

22,065

1,922

32,087

40,670

-

107,879

Doubtful

-

-

-

54

-

26

-

-

80

Total commercial

and industrial

$

1,145,871

$

735,215

$

526,943

$

270,814

$

143,028

$

397,634

$

1,576,721

$

-

$

4,796,226

Year-to-Date gross

write-offs

$

896

$

184

$

215

$

335

$

555

$

1,086

$

4,468

$

-

$

7,739

Construction

Pass

$

26,662

$

24,462

$

27,364

$

10,758

$

1,944

$

1,049

$

38,720

$

-

$

130,959

Watch

-

16,546

5,458

-

-

-

9,506

-

31,510

Special Mention

-

-

1,009

-

-

-

1

-

1,010

Substandard

-

6,378

-

-

-

-

-

-

6,378

Total construction

$

26,662

$

47,386

$

33,831

$

10,758

$

1,944

$

1,049

$

48,227

$

-

$

169,857

Year-to-Date gross

write-offs

$

-

$

2,611

$

-

$

-

$

-

$

-

$

-

$

-

$

2,611

Mortgage

Pass

$

751,532

$

439,373

$

421,297

$

259,412

$

164,438

$

4,280,509

$

-

$

-

$

6,316,561

Substandard

96

161

162

345

2,606

71,893

-

-

75,263

Total mortgage

$

751,628

$

439,534

$

421,459

$

259,757

$

167,044

$

4,352,402

$

-

$

-

$

6,391,824

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

1,638

$

-

$

-

$

1,638

December 31, 2023

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2023

2022

2021

2020

2019

Prior 

Years

Total

BPPR

Leasing

Pass

$

647,659

$

488,506

$

313,133

$

163,189

$

88,983

$

21,706

$

-

$

-

$

1,723,176

Substandard

806

2,516

3,053

906

818

517

-

-

8,616

Loss

-

-

-

-

-

17

-

-

17

Total leasing

$

648,465

$

491,022

$

316,186

$

164,095

$

89,801

$

22,240

$

-

$

-

$

1,731,809

Year-to-Date gross

write-offs

$

1,065

$

4,424

$

2,878

$

849

$

976

$

687

$

-

$

-

$

10,879

Consumer:

Credit cards

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

1,112,447

$

-

$

1,112,447

Substandard

-

-

-

-

-

-

23,259

-

23,259

Loss

-

-

-

-

-

-

22

-

22

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

1,135,728

$

-

$

1,135,728

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

41,007

$

-

$

41,007

HELOCs

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

2,622

$

-

$

2,622

Substandard

-

-

-

-

-

-

26

-

26

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

-

$

2,648

$

-

$

2,648

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

213

$

-

$

213

Personal

Pass

$

859,434

$

480,771

$

181,483

$

57,227

$

58,849

$

96,956

$

-

$

22,034

$

1,756,754

Substandard

1,815

4,985

1,939

493

933

8,322

-

1,006

19,493

Loss

-

-

14

-

12

37

-

-

63

Total Personal

$

861,249

$

485,756

$

183,436

$

57,720

$

59,794

$

105,315

$

-

$

23,040

$

1,776,310

Year-to-Date gross

write-offs

$

4,458

$

35,915

$

18,076

$

4,210

$

4,891

$

2,952

$

-

$

1,475

$

71,977

Auto

Pass

$

1,210,622

$

899,797

$

711,439

$

405,768

$

260,355

$

120,318

$

-

$

-

$

3,608,299

Substandard

6,980

14,049

11,916

9,157

7,051

3,199

-

-

52,352

Loss

9

44

45

16

9

6

-

-

129

Total Auto

$

1,217,611

$

913,890

$

723,400

$

414,941

$

267,415

$

123,523

$

-

$

-

$

3,660,780

Year-to-Date gross

write-offs

$

10,170

$

23,849

$

11,820

$

5,914

$

3,553

$

-

$

-

$

-

$

55,306

Other consumer

Pass

$

36,144

$

24,238

$

14,942

$

5,618

$

3,433

$

2,753

$

61,796

$

-

$

148,924

Substandard

244

25

-

73

16

131

249

-

738

Loss

-

-

137

-

-

363

-

-

500

Total Other

consumer

$

36,388

$

24,263

$

15,079

$

5,691

$

3,449

$

3,247

$

62,045

$

-

$

150,162

Year-to-Date gross

write-offs

$

47

$

154

$

125

$

164

$

88

$

11,876

$

-

$

-

$

12,454

Total BPPR

$

5,173,585

$

4,388,532

$

3,095,548

$

1,789,039

$

913,802

$

6,267,828

$

2,859,549

$

23,040

$

24,510,923

December 31, 2023

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2023

2022

2021

2020

2019

Prior

Years

Total

Popular U.S.

Commercial:

Commercial multi-family

Pass

$

166,410

$

417,169

$

326,047

$

164,887

$

182,528

$

410,836

$

5,112

$

-

$

1,672,989

Watch

-

116,794

39,319

71,237

93,239

98,365

-

-

418,954

Special Mention

-

-

862

1,171

-

3,377

-

-

5,410

Substandard

-

-

-

-

5,545

20,780

-

-

26,325

Total commercial

multi-family

$

166,410

$

533,963

$

366,228

$

237,295

$

281,312

$

533,358

$

5,112

$

-

$

2,123,678

Commercial real estate non-owner occupied

Pass

$

396,712

$

490,316

$

170,074

$

201,225

$

86,595

$

394,455

$

6,086

$

-

$

1,745,463

Watch

-

39,721

38,713

43,705

39,908

91,922

4,557

-

258,526

Special Mention

-

-

-

-

1,327

63,365

-

-

64,692

Substandard

-

-

-

8,054

1,702

3,730

-

-

13,486

Total commercial

real estate non-

owner occupied

$

396,712

$

530,037

$

208,787

$

252,984

$

129,532

$

553,472

$

10,643

$

-

$

2,082,167

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

193

$

-

$

-

$

193

Commercial real estate owner occupied

Pass

$

303,202

$

278,380

$

226,289

$

58,505

$

47,083

$

204,888

$

9,753

$

-

$

1,128,100

Watch

-

69,894

84,218

53,066

14,057

98,502

1,905

-

321,642

Special Mention

-

-

77,912

4,955

6,074

11,224

-

-

100,165

Substandard

-

477

2,430

-

21,763

107,675

-

-

132,345

Total commercial

real estate owner

occupied

$

303,202

$

348,751

$

390,849

$

116,526

$

88,977

$

422,289

$

11,658

$

-

$

1,682,252

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

1,395

$

-

$

-

$

1,395

December 31, 2023

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2023

2022

2021

2020

2019

Prior

Years

Total

Popular U.S.

Commercial and industrial

Pass

$

196,959

$

278,238

$

346,428

$

268,835

$

148,502

$

379,635

$

414,883

$

-

$

2,033,480

Watch

198

37,022

47,299

44,939

23,493

93,299

32,497

-

278,747

Special Mention

208

889

1,021

30

151

39

8,674

-

11,012

Substandard

636

628

152

1,152

730

1,841

1,517

-

6,656

Total commercial

and industrial

$

198,001

$

316,777

$

394,900

$

314,956

$

172,876

$

474,814

$

457,571

$

-

$

2,329,895

Year-to-Date gross

write-offs

$

247

$

221

$

1,994

$

44

$

1,320

$

-

$

49

$

-

$

3,875

Construction

Pass

$

280,188

$

251,627

$

89,450

$

14,733

$

25,254

$

-

$

-

$

-

$

661,252

Watch

-

22,867

12,869

-

21,896

782

-

-

58,414

Special Mention

2,120

13,151

-

-

-

-

-

-

15,271

Substandard

-

1

13,997

3,895

-

36,593

-

-

54,486

Total construction

$

282,308

$

287,646

$

116,316

$

18,628

$

47,150

$

37,375

$

-

$

-

$

789,423

Mortgage

Pass

$

99,296

$

229,720

$

288,767

$

233,805

$

177,245

$

264,069

$

-

$

-

$

1,292,902

Substandard

-

235

-

646

2,102

8,208

-

-

11,191

Total mortgage

$

99,296

$

229,955

$

288,767

$

234,451

$

179,347

$

272,277

$

-

$

-

$

1,304,093

December 31, 2023

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2023

2022

2021

2020

2019

Prior

Years

Total

Popular U.S.

Consumer:

Credit cards

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

19

$

-

$

19

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

19

$

-

$

19

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

1

$

-

$

1

HELOCs

Pass

$

-

$

-

$

-

$

-

$

-

$

7,394

$

39,925

$

12,253

$

59,572

Substandard

-

-

-

-

-

1,849

-

966

2,815

Loss

-

-

-

-

-

99

-

819

918

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

9,342

$

39,925

$

14,038

$

63,305

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

471

$

-

$

-

$

471

Personal

Pass

$

41,016

$

93,759

$

23,325

$

2,993

$

3,597

$

1,441

$

-

$

-

$

166,131

Substandard

333

1,630

325

50

126

211

-

-

2,675

Loss

-

-

-

-

1

130

-

-

131

Total Personal

$

41,349

$

95,389

$

23,650

$

3,043

$

3,724

$

1,782

$

-

$

-

$

168,937

Year-to-Date gross

write-offs

$

735

$

13,136

$

4,450

$

618

$

872

$

160

$

-

$

-

$

19,971

Other consumer

Pass

$

19

$

-

$

-

$

-

$

-

$

-

$

10,259

$

-

$

10,278

Substandard

-

-

-

-

-

-

1

-

1

Total Other

consumer

$

19

$

-

$

-

$

-

$

-

$

-

$

10,260

$

-

$

10,279

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

171

$

-

$

171

Total Popular U.S.

$

1,487,297

$

2,342,518

$

1,789,497

$

1,177,883

$

902,918

$

2,304,709

$

535,188

$

14,038

$

10,554,048

December 31, 2023

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2023

2022

2021

2020

2019

Prior

Years

Total

Popular, Inc.

Commercial:

Commercial multi-family

Pass

$

204,386

$

555,788

$

347,381

$

185,374

$

215,082

$

435,084

$

5,418

$

-

$

1,948,513

Watch

-

116,794

39,319

71,237

94,307

103,544

-

-

425,201

Special Mention

-

559

862

1,171

-

8,157

-

-

10,749

Substandard

-

-

-

-

5,545

25,612

-

-

31,157

Total commercial

multi-family

$

204,386

$

673,141

$

387,562

$

257,782

$

314,934

$

572,397

$

5,418

$

-

$

2,415,620

Commercial real estate non-owner occupied

Pass

$

701,955

$

1,361,507

$

730,859

$

561,078

$

127,857

$

958,249

$

13,128

$

-

$

4,454,633

Watch

1,959

40,603

43,918

65,916

45,846

118,937

4,557

-

321,736

Special Mention

43,020

5,413

24,730

-

17,170

131,733

-

-

222,066

Substandard

1,016

1,307

180

10,285

55,431

16,698

4,069

-

88,986

Total commercial

real estate non-

owner occupied

$

747,950

$

1,408,830

$

799,687

$

637,279

$

246,304

$

1,225,617

$

21,754

$

-

$

5,087,421

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

609

$

-

$

714

$

-

$

-

$

1,323

Commercial real estate owner occupied

Pass

$

395,436

$

434,199

$

453,535

$

109,543

$

71,267

$

562,317

$

18,899

$

-

$

2,045,196

Watch

2,947

115,000

94,131

57,351

19,074

160,719

2,905

-

452,127

Special Mention

-

16,860

98,653

6,417

6,961

55,293

-

-

184,184

Substandard

1,316

16,187

7,510

143,696

22,608

195,058

12,617

-

398,992

Doubtful

-

-

-

-

-

136

-

-

136

Total commercial

real estate owner

occupied

$

399,699

$

582,246

$

653,829

$

317,007

$

119,910

$

973,523

$

34,421

$

-

$

3,080,635

Year-to-Date gross

write-offs

$

-

$

4

$

-

$

-

$

1

$

5,827

$

-

$

-

$

5,832

Commercial and industrial

Pass

$

1,306,857

$

912,639

$

858,340

$

510,287

$

271,960

$

638,507

$

1,758,768

$

-

$

6,257,358

Watch

29,039

132,807

53,410

48,982

39,053

158,659

215,253

-

677,203

Special Mention

6,609

4,158

1,297

3,230

2,239

41,328

18,084

-

76,945

Substandard

1,367

2,388

8,796

23,217

2,652

33,928

42,187

-

114,535

Doubtful

-

-

-

54

-

26

-

-

80

Total commercial

and industrial

$

1,343,872

$

1,051,992

$

921,843

$

585,770

$

315,904

$

872,448

$

2,034,292

$

-

$

7,126,121

Year-to-Date gross

write-offs

$

1,143

$

405

$

2,209

$

379

$

1,875

$

1,086

$

4,517

$

-

$

11,614

December 31, 2023

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2023

2022

2021

2020

2019

Prior

Years

Total

Popular, Inc.

Construction

Pass

$

306,850

$

276,089

$

116,814

$

25,491

$

27,198

$

1,049

$

38,720

$

-

$

792,211

Watch

-

39,413

18,327

-

21,896

782

9,506

-

89,924

Special Mention

2,120

13,151

1,009

-

-

-

1

-

16,281

Substandard

-

6,379

13,997

3,895

-

36,593

-

-

60,864

Total construction

$

308,970

$

335,032

$

150,147

$

29,386

$

49,094

$

38,424

$

48,227

$

-

$

959,280

Year-to-Date gross

write-offs

$

-

$

2,611

$

-

$

-

$

-

$

-

$

-

$

-

$

2,611

Mortgage

Pass

$

850,828

$

669,093

$

710,064

$

493,217

$

341,683

$

4,544,578

$

-

$

-

$

7,609,463

Substandard

96

396

162

991

4,708

80,101

-

-

86,454

Total mortgage

$

850,924

$

669,489

$

710,226

$

494,208

$

346,391

$

4,624,679

$

-

$

-

$

7,695,917

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

1,638

$

-

$

-

$

1,638

Leasing

Pass

$

647,659

$

488,506

$

313,133

$

163,189

$

88,983

$

21,706

$

-

$

-

$

1,723,176

Substandard

806

2,516

3,053

906

818

517

-

-

8,616

Loss

-

-

-

-

-

17

-

-

17

Total leasing

$

648,465

$

491,022

$

316,186

$

164,095

$

89,801

$

22,240

$

-

$

-

$

1,731,809

Year-to-Date gross

write-offs

$

1,065

$

4,424

$

2,878

$

849

$

976

$

687

$

-

$

-

$

10,879

December 31, 2023

Term Loans

Revolving

Loans

Amortized

Cost Basis

Revolving

Loans

Converted to

Term Loans

Amortized

Cost Basis

Amortized Cost Basis by Origination Year

(In thousands)

2023

2022

2021

2020

2019

Prior

Years

Total

Popular, Inc.

Consumer:

Credit cards

Pass

$

-

$

-

$

-

$

-

$

-

$

-

$

1,112,466

$

-

$

1,112,466

Substandard

-

-

-

-

-

-

23,259

-

23,259

Loss

-

-

-

-

-

-

22

-

22

Total credit cards

$

-

$

-

$

-

$

-

$

-

$

-

$

1,135,747

$

-

$

1,135,747

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

-

$

41,008

$

-

$

41,008

HELOCs

Pass

$

-

$

-

$

-

$

-

$

-

$

7,394

$

42,547

$

12,253

$

62,194

Substandard

-

-

-

-

-

1,849

26

966

2,841

Loss

-

-

-

-

-

99

-

819

918

Total HELOCs

$

-

$

-

$

-

$

-

$

-

$

9,342

$

42,573

$

14,038

$

65,953

Year-to-Date gross

write-offs

$

-

$

-

$

-

$

-

$

-

$

471

$

213

$

-

$

684

Personal

Pass

$

900,450

$

574,530

$

204,808

$

60,220

$

62,446

$

98,397

$

-

$

22,034

$

1,922,885

Substandard

2,148

6,615

2,264

543

1,059

8,533

-

1,006

22,168

Loss

$

-

$

-

$

14

$

-

$

13

$

167

$

-

$

-

$

194

Total Personal

$

902,598

$

581,145

$

207,086

$

60,763

$

63,518

$

107,097

$

-

$

23,040

$

1,945,247

Year-to-Date gross

write-offs

$

5,193

$

49,051

$

22,526

$

4,828

$

5,763

$

3,112

$

-

$

1,475

$

91,948

Auto

Pass

$

1,210,622

$

899,797

$

711,439

$

405,768

$

260,355

$

120,318

$

-

$

-

$

3,608,299

Substandard

6,980

14,049

11,916

9,157

7,051

3,199

-

-

52,352

Loss

9

44

45

16

9

6

-

-

129

Total Auto

$

1,217,611

$

913,890

$

723,400

$

414,941

$

267,415

$

123,523

$

-

$

-

$

3,660,780

Year-to-Date gross

write-offs

$

10,170

$

23,849

$

11,820

$

5,914

$

3,553

$

-

$

-

$

-

$

55,306

Other consumer

Pass

$

36,163

$

24,238

$

14,942

$

5,618

$

3,433

$

2,753

$

72,055

$

-

$

159,202

Substandard

244

25

-

73

16

131

250

-

739

Loss

-

-

137

-

-

363

-

-

500

Total Other

consumer

$

36,407

$

24,263

$

15,079

$

5,691

$

3,449

$

3,247

$

72,305

$

-

$

160,441

Year-to-Date gross

write-offs

$

47

$

154

$

125

$

164

$

88

$

11,876

$

171

$

-

$

12,625

Total Popular Inc.

$

6,660,882

$

6,731,050

$

4,885,045

$

2,966,922

$

1,816,720

$

8,572,537

$

3,394,737

$

37,078

$

35,064,971