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Goodwill and other intangible assets (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure  
Goodwill and accumulated impairment losses by reportable segments
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2024
Balance at
 
Goodwill on
Goodwill
Balance at
(In thousands)
January 1, 2024
 
acquisition
 
impairment
September 30, 2024
Banco Popular de Puerto Rico
$
436,383
$
-
$
-
$
436,383
Popular U.S.
368,045
-
-
368,045
Total Popular,
 
Inc.
 
$
804,428
$
-
$
-
$
804,428
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2023
Balance at
 
Goodwill on
Goodwill
Balance at
(In thousands)
January 1, 2023
 
acquisition
 
impairment
September 30, 2023
Banco Popular de Puerto Rico
$
436,383
$
-
$
-
$
436,383
Popular U.S.
391,045
-
(23,000)
368,045
Total Popular,
 
Inc.
 
$
827,428
$
-
$
(23,000)
$
804,428
 
 
 
 
 
 
 
 
 
 
 
September 30, 2024
Balance at
Balance at
September 30,
Accumulated
September 30,
2024
impairment
 
2024
(In thousands)
 
(gross amounts)
losses
 
(net amounts)
Banco Popular de Puerto Rico
$
440,184
$
3,801
$
436,383
Popular U.S.
564,456
196,411
368,045
Total Popular,
 
Inc.
 
$
1,004,640
$
200,212
$
804,428
 
 
 
 
 
 
 
 
 
 
 
December 31, 2023
 
Balance at
 
 
Balance at
 
December 31,
Accumulated
December 31,
2023
impairment
 
2023
(In thousands)
 
(gross amounts)
losses
 
(net amounts)
Banco Popular de Puerto Rico
$
440,184
$
3,801
$
436,383
Popular U.S.
564,456
196,411
368,045
Total Popular,
 
Inc.
 
$
1,004,640
$
200,212
$
804,428
Components of other intangible assets subject to amortization
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gross Carrying
Accumulated
Net
Carrying
(In thousands)
Amount
Amortization
Value
September 30, 2024
Core deposits
$
12,810
$
12,275
$
535
Other customer relationships
14,286
8,050
6,236
Total other intangible
 
assets
$
27,096
$
20,325
$
6,771
December 31, 2023
Core deposits
$
12,810
$
11,315
$
1,495
Other customer relationships
14,286
6,777
7,509
Total other intangible
 
assets
$
27,096
$
18,092
$
9,004
Estimated amortization of the intangible assets with definite useful lives
 
 
 
 
 
 
 
 
(In thousands)
Remaining 2024
$
704
Year 2025
1,750
Year 2026
1,440
Year 2027
959
Year 2028
959
Later years
959