CRA Public File

Community Reinvestment Act (CRA)

CRA Public File

Introduction

In accordance with the Community Reinvestment Act (CRA) regulation, the Bank is required to

maintain and, upon request, make available for public inspection, our complete CRA Public File.

As required by the CRA, the information contained in this file is current as of April 1 of each year.

Information Request

If any person requests a copy of this file, the Manager or Officer in charge will provide them with

a copy of the document. Subsequently, the Officer must notify the CRA Department of this

request through this email: [email protected]om

All branch employees must know to whom they should refer any request for information.

AVISO

LEY DE REINVERSIÓN EN LA COMUNIDAD

NOTICE

COMMUNITY REINVESTMENT ACT

BRA-940 / 3-14 (PDF)

Under the Federal Community Reinvestment Act (CRA), the Federal

Reserve Board (Board) evaluates our record of helping to meet

the credit needs of this community consistent with safe and sound

operations. The Board also takes this record into account when

deciding on certain applications submitted by us.

Your involvement is encouraged.

You are entitled to certain information about our operations and

our performance under the CRA. You may review today the public

section of our most recent CRA evaluation, prepared by the Federal

Reserve Bank of New York, 33 Liberty Street, New York, N.Y. 10045,

and a list of services provided at this branch.

(1) a map showing the assessment area containing this branch,

which is the area in which the Board evaluates our CRA

performance in this community;

(2) information about our branches in this assessment area;

(3) a list of services we provide at those locations;

(4) data on our lending performance in this assessment area;

and

(5) copies of all written comments received by us that speciﬁcally

relate to our CRA performance in its assessment area, and

any responses we have made to those comments.

If you would like to review information about our CRA performance

in other communities served by us, the public ﬁle for our entire bank

is available at the Community Reinvestment Act Department (CRA),

located at Calle Popular Building, 153 Ponce de León Ave., 11th Floor,

Hato Rey, PR 00918.

At least 30 days before the beginning of each quarter, the Federal

Reserve System publishes a list of the banks that are scheduled for

CRA examination by the Reserve Bank in that quarter. This list is

available from the Ocer in Charge of Supervision, Federal Reserve

Bank of New York, 33 Liberty Street, New York, NY 10045. Your may

send written comments about our performance in helping to meet

community credit needs to the CRA Ocer, PO Box 362708, San

Juan, PR 00936-2708 and to the Ocer in Charge of Supervision,

Federal Reserve Bank of New York, 33 Liberty Street, New York,

NY 10045. Your letter, together with any response by us, will be

considered by the Federal Reserve System in evaluating our CRA

performance and may be made public.

You may ask to look at any comments received by the Federal Reserve

Bank. You may also request from the Reserve Bank an announcement

of our applications covered by the CRA ﬁled with the Reserve Bank.

We are an aliate of Popular, Inc., a bank holding company.

You may request from the Ocer in Charge of Supervision, Federal

Reserve Bank of New York, 33 Liberty Street, New York, NY 10045,

an announcement of applications covered by the CRA ﬁled by bank

holding companies.

Bajo la Ley Federal de Reinversión en la Comunidad (CRA), la Junta

de la Reserva Federal (Junta) evalúa nuestro desempeño en ayudar a

satisfacer las necesidades de crédito de esta comunidad, consistente

con una operación segura y prudente. La Junta también considera esta

evaluación cuando vaya a tomar una decisión sobre ciertas solicitudes

sometidas por nosotros.

Su participación es bienvenida.

Usted tiene el derecho de obtener cierta información sobre nuestras

operaciones y nuestra ejecutoria de CRA. Usted puede revisar hoy

mismo la sección pública de nuestra evaluación de CRA más reciente

preparada por el Banco de la Reserva Federal de Nueva York, 33 Liberty

Street, New York, N.Y. 10045, y una lista de los servicios que brinda

esta sucursal.

(1) un mapa que demuestra el área de evaluación (assessment area)

que incluye esta sucursal, que es el área utilizada por la Junta

para evaluar nuestra ejecutoria de CRA en esta comunidad;

(2) información sobre nuestras sucursales en el área de evaluación;

(3) una lista de los servicios que proveemos en esas localidades;

(4) datos sobre nuestra ejecutoria de préstamos en el área de

evaluación; y

(5) copias de todos los comentarios recibidos por nosotros que

especíﬁcamente se reﬁeren a nuestra ejecutoria de CRA en el

área de evaluación y nuestras respuestas a esos comentarios.

Si le interesa revisar la información sobre nuestra ejecutoria de CRA en

otras comunidades donde proveemos servicios, el expediente público

para nuestro Banco está disponible en el Departamento Reinversión

en la Comunidad (CRA), localizado en Edif. Calle Popular, Piso 11, Ave.

Ponce de León 153, Hato Rey, PR 00918.

Por lo menos treinta (30) días antes de cada trimestre, el Sistema

de la Reserva Federal publica una lista de los Bancos que están

programados para ser auditados por el Banco de la Reserva durante

ese trimestre. Esta lista está disponible en la oﬁcina del Ocer in

Charge of Supervision, Federal Reserve Bank of New York, 33 Liberty

Street, New York, NY 10045. Usted puede enviar sus comentarios por

escrito sobre nuestra ejecutoria en ayudar a satisfacer las necesidades

de crédito de la comunidad al Oﬁcial de CRA, PO Box 362708, San

Juan, PR 00936-2708 y al Ocer in Charge of Supervision, Federal

Reserve Bank of New York, 33 Liberty Street, New York, NY 10045. Su

carta, así como cualquier respuesta nuestra, será considerada por el

Sistema de la Reserva Federal en la evaluación de nuestra ejecutoria

de CRA y puede ser divulgada públicamente.

Usted puede solicitar ver cualquier comentario recibido por el Banco

de la Reserva. También, puede solicitar del Banco de la Reserva el

anuncio de nuestras solicitudes cubiertas por CRA radicadas con el

Banco de la Reserva. Nosotros somos una subsidiaria de Popular, Inc.,

una corporación tenedora de acciones bancarias.

Usted puede solicitar del Ocer in Charge of Supervision, Federal

Reserve Bank of New, York, 33 Liberty Street, New York, NY 10045, el

anuncio de nuestras solicitudes cubiertas por CRA, radicadas por las

corporaciones tenedoras de acciones bancarias.

Public Comments

We appreciate your comments; these help us to improve our level of quality and service in the

communities. The Community Reinvestment Act (CRA) requires that all public comments

received in writing about how we are meeting financial needs in the community be published in

the current year and two prior years.

Popular has not received public comments related to CRA.

PUBLIC DISCLOSURE

June 21, 2022

COMMUNITY REINVESTMENT ACT

PERFORMANCE EVALUATION

Banco Popular de Puerto Rico

RSSD No. 940311

209 Munoz Rivera Avenue

San Juan, PR 00918

FEDERAL RESERVE BANK OF NEW YORK

33 LIBERTY STREET

NEW YORK, NY 10045

NOTE:

This document is an evaluation of this institution's record of meeting the credit

needs of its entire community, including low- and moderate-income

neighborhoods, consistent with safe and sound operation of the institution. This

evaluation is not, nor should it be construed as, an assessment of the financial

condition of this institution. The rating assigned to this institution does not

represent an analysis, conclusion, or opinion of the federal financial supervisory

agency concerning the safety and soundness of this financial institution.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

TABLE OF CONTENTS

INSTITUTION'S CRA RATING ................................................................................................................. 1

INSTITUTION'S CRA RATING ............................................................................................................. 1

PERFORMANCE TEST RATINGS TABLE .......................................................................................... 1

SUMMARY OF MAJOR FACTORS SUPPORTING RATINGS .......................................................... 1

INSTITUTION ............................................................................................................................................. 3

DESCRIPTION OF INSTITUTION ........................................................................................................ 3

SCOPE OF EXAMINATION ................................................................................................................... 5

CONCLUSION WITH RESPECT TO PERFORMANCE TESTS .......................................................... 9

COMMONWEALTH OF PUERTO RICO ................................................................................................ 19

CRA RATING FOR PUERTO RICO .................................................................................................... 19

DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 20

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN PUERTO RICO ..................... 23

MSA 41980 (SAN JUAN-BAYAMÓN-CAGUAS, PR) (FULL REVIEW) ............................................. 27

DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 27

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 36

MSA 10380 (AGUADILLA-ISABELA, PR) (FULL REVIEW) ............................................................... 45

DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 45

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 50

MSA 38660 (PONCE, PR) (FULL REVIEW) .......................................................................................... 59

DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 59

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 63

MSA 11640 (ARECIBO, PR) (LIMITED REVIEW) ............................................................................... 72

DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 72

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 72

MSA 25020 (GUAYAMA, PR) (LIMITED REVIEW) ............................................................................ 74

DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 74

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 74

MSA 32420 (MAYAGÜEZ, PR) (LIMITED REVIEW) .......................................................................... 76

DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 76

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 76

MSA 41900 (SAN GERMÁN, PR) (LIMITED REVIEW) ....................................................................... 78

DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 78

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 78

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

MSA 49500 (YAUCO, PR) (LIMITED REVIEW) ................................................................................... 80

DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 80

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 80

NON-METROPOLITAN PUERTO RICO (LIMITED REVIEW) ............................................................ 82

DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 82

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 82

U.S. VIRGIN ISLANDS ............................................................................................................................. 84

CRA RATING FOR U.S. VIRGIN ISLANDS ....................................................................................... 84

DESCRIPTION OF INSTITUTION'S OPERATIONS .......................................................................... 85

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS ...................................................... 87

CRA APPENDICES

APPENDIX A - AGGREGATE COMPARISON LOAN DISTRIBUTION TABLES 2019-2020 ....... 93

APPENDIX B - SCOPE OF EXAMINATION TABLE ...................................................................... 116

APPENDIX C - SUMMARY OF STATE RATINGS ......................................................................... 117

APPENDIX D - MAP OF ASSESSMENT AREA .............................................................................. 114

APPENDIX E - GLOSSARY .............................................................................................................. 115

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

INSTITUTION'S CRA RATING

INSTITUTION'S CRA RATING: SATISFACTORY

The following table indicates the performance level of Banco Popular de Puerto Rico with respect to the

lending, investment, and service tests.

PERFORMANCE TEST RATINGS TABLE

PERFORMANCE

LEVELS

BANCO POPULAR DE PUERTO RICO

PERFORMANCE

TESTS

Lending Test* Investment Test Service Test

Outstanding

High Satisfactory X X X

Low Satisfactory

Needs to Improve

Substantial

Noncompliance

* The lending test is weighted more heavily than the investment and service tests in determining the

overall rating.

Summary of Major Factors Supporting Ratings

The major factors supporting the institution's rating follow:

Lending Test:

• Lending levels reflected good responsiveness to assessment area credit needs.

• A substantial majority of loans were made in the bank's assessment area.

• The geographic distribution of loans reflected adequate penetration throughout the assessment area.

• The distribution of borrowers reflected, given the product lines offered, adequate penetration

among customers of different income levels and businesses of different sizes.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

• Exhibited an adequate record of serving the credit needs of low-income individuals and areas and

very small businesses.

• Made a relatively high level of community development loans.

• Made use of innovative and/or flexible lending practices in serving assessment area credit needs.

Investment Test:

• Made a significant level of qualified community development investments and grants, particularly

those not routinely provided by private investors, occasionally in a leadership position.

• Made significant use of innovative and/or complex investments to support community development

initiatives.

• Exhibited adequate responsiveness to credit and community development needs.

Service Test:

• Delivery systems were readily accessible to the bank's geographies and individuals of different

income levels in its assessment area.

• Record of opening and closing of branches did not adversely affect the accessibility of its delivery

systems, particularly to low- and moderate-income (“LMI”) geographies and/or LMI individuals.

• Services were tailored to convenience and needs of its assessment area, particularly LMI

geographies and/or LMI individuals.

• Provided a relatively high level of community development services.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

INSTITUTION

DESCRIPTION OF INSTITUTION

Banco Popular de Puerto Rico (“Banco Popular”, “BPPR”, or “the bank”) is a full-service commercial bank

headquartered in San Juan, Puerto Rico. Banco Popular is primarily engaged in retail and commercial

banking services, including automobile and equipment financing, investment banking, and broker-dealer

and insurance services through specialized subsidiaries. All products and services are offered through

Banco Popular’s 167 branch network and alternative delivery channels, such as by telephone, internet, or

through automated teller machines (“ATMs”). BPPR is a publicly traded, wholly-owned subsidiary of

Popular Inc., a multi-regional diversified financial holding company with $64.2 billion in combined total

assets as of December 31, 2021.

During the review period, BPPR was the leading financial institution in the Commonwealth of Puerto Rico

(“Puerto Rico”, “PR”, or “the Commonwealth”), ranking first in deposit market share, small business

lending, home purchase, refinance, and home improvement lending. BPPR operated 159 retail branches in

its Puerto Rico assessment area and eight branches in the U.S. Virgin Islands (“USVI”) assessment area.

Major competitors included Citibank N.A., FirstBank, Oriental Bank, Sun West Mortgage Company, Inc.,

and Banco Santander PR.

Based on the December 31, 2021 FFIEC Consolidated Report of Condition and Income ("Call Report"),

Banco Popular’s loan portfolio by dollar volume consisted of a mix of residential real estate and commercial

loans as summarized in the following table:

Loan Type Total Loans % of Total

1-4 Residential Real Estate Secured

$6,360,000,000 41.7%

Construction

$197,000,000 1.3%

Multifamily Dwelling

$169,000,000 1.1%

HELOCs

$4,000,000 0.0%

Consumer

$2,150,000,000 14.1%

Agriculture

$36,000,000 0.2%

Commercial & Industrial

$2,185,000,000 14.3%

Nonfarm Nonresidential Secured

$3,682,000,000 24.2%

Other

$452,000,000 3.0%

Total

$15,235,000,000 100.0%

*Data as of December 31, 2021

Based on the December 31, 2021 Uniform Bank Performance Report ("UBPR"), Banco Popular’s deposit

portfolio by dollar volume was comprised primarily of demand deposits and NOW and ATS accounts, as

summarized in the following table:

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Deposit Type Total Deposits % of Total

Demand Deposits

$24,034,000,000 40.5%

All NOW and ATS Accounts

$13,852,000,000 23.3%

Money Market Deposit Accounts

$1,087,000,000 1.8%

Other Savings Deposits

$14,436,000,000 24.3%

Time Deposits at or below Insurance Limit

$3,110,000,000 5.2%

Time Deposits Above Insurance Limit

$2,628,000,000 4.4%

Brokered Deposits

$220,000,000 0.4%

Total

$59,367,000,000 100.0%

*Data as of December 31, 2021

DESCRIPTION OF ASSESSMENT AREA

Banco Popular’s assessment areas included all of Puerto Rico and the U.S. Virgin Islands. Within Puerto

Rico, the assessment areas included eight Metropolitan Statistical Area (“MSA”) assessment areas and one

non-metropolitan (“non-metro”) assessment area. In the USVI, the assessment area consisted of one non-

metro assessment area. While BPPR did not change the delineation of its assessment areas from the last

CRA examination, in September 2018, the Office of Management and Budget (“OMB”) adjusted three

MSAs that comprise three of the bank’s assessment areas.

The adjustments resulted in the reassignment

of the previously non-metro municipios

of Las Marías and Adjuntas to MSA 32420 and MSA 38660,

respectively, and the reassignment of the municipios of Guánica, Guayanilla, Peñuelas, and Yauco from

MSA 38660 to the newly created MSA 49500. Consequently, while the bank did not change its assessment

area delineation in 2019 or 2020, four of the bank’s assessment areas reflected the new OMB geographic

delineations. The assessment areas (“AA(s)”) were as follows:

Commonwealth of Puerto Rico

• MSA 41980 (San Juan-Bayamón-Caguas, PR)

• MSA 10380 (Aguadilla-Isabela, PR)

• MSA 38660 (Ponce, PR)

• MSA 11640 (Arecibo, PR)

• MSA 25020 (Guayama, PR)

• MSA 32420 (Mayagüez, PR)

• MSA 41900 (San Germán, PR)

• MSA 49500 (Yauco, PR)

• Non-Metro, PR (Municipios of Coamo, Culebra, Jayuya, Maricao, Salinas, Santa Isabel, and

Vieques.)

OMB BULLETIN NO. 18-04 - Revised Delineations of MSAs (9-14-2018)

Counties are referred to interchangeably throughout as “county(ies)” or “municipio(s)”.

In September 2018, the OMB changed the full name of MSA 41980 from San Juan-Carolina-Caguas, PR to San

Juan-Bayamón-Caguas, PR.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

U.S. Virgin Islands

• U.S. Virgin Islands: (Islands of St. Thomas, St. Croix and St. John)

Full scope assessment areas within Puerto Rico included: MSA 41980 (San Juan-Bayamón-Caguas, PR),

MSA 10380 (Aguadilla-Isabela, PR), and MSA 38660 (Ponce, PR). The remaining assessment areas were

evaluated as limited scope reviews due to limited lending and deposit market share and included: MSA

11640 (Arecibo, PR), MSA 25020 (Guayama, PR), MSA 32420 (Mayagüez, PR), MSA 41900 (San

Germán, PR), MSA 49500 (Yauco, PR) and the non-metro, PR assessment area.

The USVI assessment area was given full scope review since this was the only assessment area in the

territory.

Banco Popular’s assessment areas were in compliance with the requirements of Section 228.41 of

Regulation BB and did not arbitrarily exclude any LMI geographies. There were no financial or legal

factors that would prevent the bank from fulfilling its responsibilities under CRA.

Previous Performance Evaluation

Banco Popular received an “Outstanding” rating as a result of the January 13, 2020 performance evaluation

by the Federal Reserve Bank of New York. The lending test was rated “Outstanding,” the investment test

was rated “Low Satisfactory,” and the service test was rated “Outstanding.”

SCOPE OF EXAMINATION

Procedures

BPPR's CRA performance was evaluated using the Federal Financial Institutions Examination Council's

(“FFIEC”) Interagency CRA Procedures for Large Retail Financial Institutions, which consists of the

lending, investment, and service tests. The evaluation considered the CRA performance context, including

the bank's asset size, financial condition, market competition, assessment area demographics and credit and

community development needs.

Products

Home purchase, refinance, and home improvement loans reportable under the Home Mortgage Disclosure

Act (“HMDA”) and small business and small farm loans reportable under CRA were analyzed for overall

lending activity. However, small farm lending in the USVI was insufficient to analyze and HMDA loans

were insufficient to analyze separately by product. Examiners verified the integrity of a sample of 2019

and 2020 HMDA and small business loans reported by BPPR.

Evaluation Period

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Home mortgage, refinance, home improvement

, small farm, and small business loans originated or

purchased between January 1, 2019 and December 31, 2020 were verified and analyzed. Examiners also

reviewed community development loans, qualified investments, philanthropic grants, and community

development services from July 1, 2019 through March 31, 2022.

Lending Analysis

Under the lending test, borrower and geographic distribution analyses were based on loans made in BPPR's

assessment areas. BPPR’s performance in 2019 and 2020 was compared to the U.S. Department of

Commerce’s Bureau of the Census 2015 American Community Survey (“2015 ACS”) demographic data.

To evaluate the geographic distribution, the proportion of home purchase, refinance, and home

improvement loan originations located in low- and moderate-income (“LMI”) geographies was compared

to the proportion of owner-occupied housing units located in LMI geographies of the assessment area. For

small business loans, the analysis compared the proportion of loan originations located in LMI geographies

with the proportion of businesses located in LMI geographies, based on Dun & Bradstreet (“D&B”) data.

Performance in low-income and in moderate-income geographies were analyzed separately.

To analyze the distribution of home purchase, refinance, and home improvement lending by borrower

characteristics, the proportion of originations to LMI borrowers was compared to the proportion of LMI

families residing in the assessment area. Median family income (“MFI”) estimates from the FFIEC were

used to categorize borrower income. For small business lending, BPPR’s proportion of loans to businesses

with gross annual revenues (“GAR”) of $1 million or less, based on D&B data, were compared to the

proportion of all such businesses located in the assessment area. The size of the small business loans was

also used as a proxy to identify lending to businesses with GAR of $1 million or less.

Demographic and economic information was also considered. Information was obtained from publicly

available sources including the 2015 ACS, the U.S. Department of Labor (“DOL”), FFIEC, and U.S.

Department of Housing and Urban Development (“HUD”). USVI demographic and economic sources also

included the USVI Bureau of Economic Research and USVI Bureau of Labor Statistics.

Borrower profile and geographic distribution analyses were also based on BPPR’s 2019 and 2020

performance, which was compared, respectively, to 2019 and 2020 performance data for the aggregate of

all loan reporters in the bank’s assessment areas. Aggregate lenders included all lenders required to report

HMDA-reportable and CRA small business lending data within the assessment areas, except for the USVI

assessment area, as market aggregate data for HMDA lending were not available. For retail services,

BPPR’s branch distribution analysis was conducted using data as of December 31, 2021.

Only loans inside the assessment areas were included in the analysis of geographic and borrower

distribution. Before reaching a conclusion about the bank’s overall performance regarding geographic

distribution and borrower characteristics in each assessment area, examiners gave greater weight to certain

loan products. In each assessment area, a product’s volume compared to total retail lending volume

determined the weight of a product’s performance in the overall conclusion. Multifamily loans were not

analyzed for geographic and borrower loan distribution in any assessment area as the volume was

Home mortgage, refinance, and home improvement loans are referred to as “HMDA-related” loans throughout the

performance evaluation.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

insufficient; however, multifamily loans were considered in the evaluation of assessment area concentration

and community development lending.

Community Development Activity Analysis

Community development activities were reviewed to determine whether the activities had community

development as a primary purpose and whether the community development activities benefitted the

assessment area. The eligibility of a loan, investment, or service as a community development activity was

based on demographic information available to the bank at the time the community development activity

was undertaken.

In addition, Puerto Rico and the US Virgin Islands were originally designated as major disaster areas due

to Hurricane Maria on September 20, 2017 and CRA consideration was given for CD activities in response

to the natural disaster. Per CA Letter 21-9 issued on May 27, 2021, the agencies granted a 36-month

extension to the original period provided in CA 18-1 as a result of an earthquake that hit Puerto Rico in

2020 and Hurricane Ida in 2021. Examiners reviewed submitted CD loans responding to the disaster

declaration for CD consideration.

Due to the impacts of the 2020 COVID-19 pandemic, in accordance with CA Letter 21-5 Community

Reinvestment Act (CRA) Consideration for Activities in Response to the Coronavirus and its attachments,

qualified community development activities supporting community needs related to the COVD-19

pandemic were also given consideration.

Qualified community development activities were analyzed from both the quantitative and qualitative

perspectives to understand the volume of activity impacting the assessment area, the innovativeness of those

activities, and the responsiveness to local community development and credit needs. When appropriate,

peer comparisons were conducted using annualized metrics to gauge the relative performance of the

institution in a particular assessment area. Peer banks were selected based on asset size, deposits, branching

structure, and presence within Puerto Rico and the USVI.

Community Contacts and Additional Performance Context Information

In order to learn more about community credit needs, examiners conducted interviews and received

comments from three non-profit agencies. Due to the coverage of these community contacts, discussions

of the identification of community credit needs is provided at the Institution level instead of at the individual

assessment area level.

The first community contact was held with a Community Development Financial Institution (“CDFI”)

operating throughout Puerto Rico and the U.S. Virgin Islands. The CDFI’s main foci include workforce,

housing, and economic development. The CDFI representative stated that access to capital for small

businesses in rural areas, very small “mom and pop” businesses, entrepreneurs who are starting businesses,

and small businesses is needed and particularly for working capital to fund repairs and post disaster

reconstruction. The representative said that access to credit was a challenge as traditional banks lend very

little to small businesses in LMI areas, especially those that are not established. Additionally, they stated

that access to credit for small business in the USVI is more of a challenge than PR and there is less access

to technical assistance, thus this is a need.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

The representative stated that the largest banks in PR and the USVI have invested in community programs.

However, these are mostly focused on social programs and affordable housing and less focused on lending

to small and very small/new business in LMI areas. The contact mentioned that PPP lending during the

COVID-19 pandemic did increase lending to businesses. However, only a small percentage of these loans

went to small and very small businesses, especially those without existing banking relationships.

A second community contact was conducted with a community foundation, focused on promoting access

to renewable energy, drinking water, housing, community economic development and education in Puerto

Rico, which launched a Community Investment Fund in 2016. The contact stated that all banks in Puerto

Rico have invested small amounts in the fund, which supported affordable housing and economic

development and provided capital to non-profit organizations. The representative noted that economic

conditions have improved slightly since 2020 due to the influx of federal funds during the pandemic and

the rise in tourism. However, for LMI areas and individuals, credit needs continue to be significant and

unmet. There continues to be a significant need for capital to fund reconstruction and mitigation projects

in recovery areas prior to federal fund reimbursement.

The third contact also emphasized that affordable housing remains a significant credit need and noted that

the shortage in affordable housing inventory is in part due to the high number of abandoned or dilapidated

properties stemming from the lack of available credit for restoration of LMI housing. The contact explained

that the need for affordable housing is spread out across Puerto Rico. However, there is a greater need in

areas of lowest economic development which include the south and central rural areas of the island. Non-

profits, which are well suited to meet community development needs, also face challenges in getting

working capital. The representative noted that the large banks in Puerto Rico have invested in their

Community Investment Fund and others, but that their investments are typically better suited for larger-

scale, more traditional infrastructure or housing projects than for smaller, more targeted non-profit funding.

Additionally, it was noted that smaller non-profits are often not set up to be able to manage large dollar

funding or projects as they are tailored for small dollar amounts and micro-loans.

A fourth community contact was held with a representative of the USVI hotel industry. The representative

noted that the tourism industry in the USVI has been booming since 2021 and the hotels and restaurants

cannot open fast enough. Several large hotels and restaurants that closed because of damage from the last

hurricane are expected to reopen post hurricanes in 2022. The representative stated that the biggest need

in the USVI currently is affordable housing, especially for workers in the tourism industry. Due to the lack

of hotel rooms during the pandemic when tourism demand was surging, there was a significant shift from

longer term rentals to short-term Airbnb vacation rentals, in turn drastically reducing the supply of

affordable longer-term rentals and noticeably driving up costs across the board.

Performance Context

The annual unemployment rate for the Commonwealth experienced an overall downward trend from 2019

to 2021 with the unemployment rate declining from 8.3% in 2019 to 7.8% in 2021. The COVID-19

pandemic caused businesses to close or reduce their workforce across Puerto Rico which increased the

unemployment rate by 0.6% in 2020. However, the rate decreased rapidly to below the pre-pandemic level

in 2021, though Puerto Rico’s unemployment rate was still higher than that of the mainland U.S.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Puerto Rico has suffered from a severe and prolonged economic slump for more than a decade, with gross

domestic product, population, and employment all on a downward trend since 2006

, when a tax incentive

for manufacturers—Section 936—was phased out. The pharmaceutical industry continued as a key part of

the PR’s economy, though employment in this industry was cut in half since the phase-out began. While

Puerto Rico’s tourism sector was relatively small, it was one of the few industries that adding jobs in recent

years. In addition, a fledgling aerospace industry emerged around Aguadilla and Arecibo. Wages and

educational attainment in Puerto Rico tended to be about half the level of the U.S. mainland, and income

inequality was considerably higher. Puerto Rico also suffered from high sovereign debt and experienced a

fiscal crisis.

Puerto Rico has a very high poverty rate; based on estimates, approximately 40.5% of persons in Puerto

Rico lived in poverty

compared to, for example, the 11.6% of people in the mainland United States in

2021.

The Commonwealth experienced an economic crises in the recent past, with government funding

reductions due to the debt crisis, and required oversight by a financial control board under the Puerto Rico

Oversight Management and Economic Stability Act (PROMESA), as well as the effects of Hurricane Maria.

The PROMESA law required austerity measures and provided Puerto Rico with a mechanism to restructure

their debt which occurred in March 2022.

The economic challenges led to substantial consolidation of the banking industry in Puerto Rico.

Management noted that over the past decade, the number of consumer banks were reduced by half. The

Bank of Nova Scotia had been reducing its operations and, in 2019, Oriental Bank and FirstBank acquired

Scotiabank’s and Banco Santander SA’s operations, respectively.

Natural Disasters

Puerto Rico has been significantly impacted by natural disasters which have had prolonged impacts on the

island’s economy, population, and infrastructure. These included Hurricane Maria in September 2017,

earthquakes in late 2019 and early 2020, and the ongoing COVID-19 pandemic of 2020-2021.

Hurricane Maria had a severe effect on Puerto Rico, causing significant challenges to the population and

infrastructure, including the most extensive blackout in U.S. history, and also exacerbated preexisting

economic difficulties. In total, Hurricane Maria caused approximately $90 billion in damage. In the

aftermath, over 200,000 Puerto Ricans left for the mainland U.S., many temporarily and some permanently,

and island residents had no access to public utilities for almost a year. Three years after Hurricane Maria,

the island experienced destructive earthquakes followed by the COVID-19 pandemic.

Deriving Overall Conclusions

Before reaching a conclusion about the overall performance regarding geographic distribution and borrower

characteristics in the assessment areas, examiners compared loan originations in each loan product category

Federal Reserve Bank of New York - Regional Economy Profile: Puerto Rico

U.S. Census Bureau: Puerto Rico

Poverty in the United States: 2021 (census.gov)

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

to total retail lending volume to determine the influence of performance by product on the overall

conclusion.

In deriving overall conclusions, BPPR's performance in Puerto Rico received the most weight in

determining the overall rating because of the high concentration of deposits, branches, and lending in the

Commonwealth. BPPR's performance in the Puerto Rico assessment areas accounted for 97.5% of its total

retail deposits and 98.9% of total HMDA-reportable and small business lending activity. Performance in

the USVI had the second highest weight in determining the bank's overall rating. In reaching a conclusion

about BPPR's overall performance within an individual assessment area, products were weighted based on

their volume in that area.

In order to derive the rating for Puerto Rico, full-scope assessment areas were weighted based on the

proportion of loan originations and deposits in each. As a result, MSA 41980 (San Juan-Bayamón-Caguas,

PR) had a significant impact on assessing the overall performance of the bank, capturing 87.9% of the

branch deposits and 70.5% of total loans within Puerto Rico. Two additional assessment areas, MSA 10380

(Aguadilla-Isabela, PR) and MSA 38660 (Ponce, PR), that had a lesser, but still important, impact on the

overall rating, were also chosen as full scope assessment areas.

The combined full scope review areas made up 83.0% of the bank's loan volume, 76.0% of the bank’s

branches, and 90.6% of the bank’s deposits in Puerto Rico. Limited scope reviews were conducted of the

bank's performance in the other Puerto Rico assessment areas.

CONCLUSION WITH RESPECT TO PERFORMANCE TESTS

LENDING TEST

Banco Popular de Puerto Rico's overall performance in meeting the credit needs of its assessment area is

rated High Satisfactory. Lending levels reflected good responsiveness to Assessment Area (AA) credit

needs. A substantial majority of loans were made in the bank's AA. The geographic distribution of loans

reflected adequate penetration throughout the AA. The distribution of borrowers reflected, given the

product lines offered, adequate penetration among customers of different income levels and businesses of

different sizes. The bank exhibited an adequate record of serving the credit needs of low-income individuals

and areas and very small businesses. The bank made a relatively high level of CD loans. The bank made

use of innovative and/or flexible lending practices in serving AA credit needs.

Lending Activity

BPPR’s lending levels reflected good responsiveness to assessment area credit needs given the bank’s

capacity and overall market conditions, including the state of the housing market and economic conditions

in Puerto Rico and the USVI. Overall, BPPR originated or purchased 68,602 HMDA-related, small

business, and small farm loans during the evaluation period, totaling approximately $5.2 billion.

The following table summarizes BPPR’s lending activity during the review period.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

SUMMARY OF LENDING ACTIVITY

January 1, 2019– December 31, 2020

Loan Type

$(000s)

Home Purchase

7,829 11.4% $1,249,005 24.2%

Refinancing

2,209 3.2% $387,579 7.5%

Home Improvement

133 0.2% $16,892 0.3%

Multi-Family

15 0.0% $74,124 1.4%

Loan Purpose Not Applicable

12,048 17.6% $1,093,672 21.2%

Total HMDA-related

22,234 32.4% $2,821,271 54.6%

Small Business

45,289 66.0% $2,299,702 44.5%

Small Farm

1,079 1.6% $44,500 0.9%

TOTAL LOANS 68,602 100.0% $5,165,473 100.0%

*Note: Affiliate loans not included.

Assessment Area Concentration

A substantial majority of the loans originated or purchased by BPPR were made in the bank’s assessment

areas as detailed in the Lending Inside and Outside the Assessment Area chart below. All but 0.1% of

BPPR’s loans during the 2019 and 2020 review period were originated or purchased in its assessment areas.

LENDING INSIDE AND OUTSIDE THE ASSESSMENT AREA

January 1, 2019– December 31, 2020

Loan Type Inside Outside Total

$(000s)

Home

Purchase

7,829 100% $1,249,005 100.0% 0 0.0% $0 0.0% 7,829 100.0% $1,249,005 100.0%

Refinancing 2,207 99.9% $386,498 99.7% 2 0.1% $1,080 0.3% 2,209 100.0% $387,579 100.0%

Home

Improvement

133 100.0% $16,892 100.0% 0 0.0% $0 0.0% 133 100.0% $16,892 100.0%

Multi-Family 12 80% $73,908 99.7% 3 20% $216 0.3% 15 100.0% $74,124 100.0%

Loan Purpose

12,048 100.0% $1,093,672 100.0% 0 0.0% $0 0.0% 12,048 100.0% $1,093,672 100.0%

Total HMDA-

22,229 100.0% $2,819,975 100.0% 5 0.0% $1,296 0.0% 22,234 100.0% $2,821,271 100.0%

Small

Business

45,265 99.9% $2,297,926 99.9% 24 0.1% $1,776 0.1% 45,289 100.0% $2,299,702 100.0%

Small Farm 1,078 99.9% $44,479 100.0% 1 0.1% $21 0.0% 1,079 100.0% $44,500 100.0%

TOTAL

LOANS

68,572 99.9% $5,162,380 99.9% 30 0.1% $3,093 0.1% 68,602 100.0% $5,165,473 100.0%

Geographic Distribution of Loans

Overall, the geographic distribution of HMDA-related and small business and small farm loans reflected

adequate penetration throughout the assessment area based on the lending performance in Puerto Rico, and

the bank’s level of loan penetration in LMI geographies in MSA 41980 (San Juan-Bayamón-Caguas, PR),

MSA 10380 (Aguadilla-Isabela, PR) and MSA 38660 (Ponce, PR), and to a lesser extent, the bank’s

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

adequate performance in the USVI. The analysis considered performance context factors such as the

number of owner-occupied housing units in LMI geographies and the market aggregate’s performance.

Distribution by Borrower Income and Revenue Size of Business

The overall distribution of loans among borrowers of different income levels and businesses and farms of

different sizes was adequate based on the lending performance in Puerto Rico, driven primarily by the

bank’s performance in MSA 41980 (San Juan-Bayamón-Caguas, PR), MSA 38660 (Ponce, PR), the USVI

and the bank’s good performance in the lesser weighted MSA 10380 (Aguadilla-Isabela, PR). The lending

analysis considered performance context factors such as the disparity between housing prices and incomes,

which generally places owner-occupied housing beyond the reach of LMI families.

Community Development Lending

BPPR made a relatively high level of community development loans. During the evaluation period, the

bank made 535 qualified community development loans, totaling $1.1 billion in its assessment areas.

Annualized, the bank made 195 CD loans totaling $385 million. This represented a 25.0% decrease by

number and a 27.3% decrease by dollar when compared to the bank’s annualized CD lending during the

previous exam period. When compared to two peer banks and its own performance during the last exam

period, BPPR ranked fourth when comparing annualized community development loans to total deposits,

ranked third when comparing annualized CD loans as a percentage of Tier 1 capital, and ranked fourth

relative to annualized CD loans as a percentage of average assets.

As detailed in the chart below, the bank’s qualified community development lending was responsive to

identified economic development, revitalization and stabilization, and community service needs.

Additionally, of the bank’s total qualified community development lending, 133 loans, totaling $272

million, were originated under the PPP loan program established by the Coronavirus Aid, Relief, and

Economic Security Act (“CARES Act”) of 2020 and designed to provide direct capital for small businesses

adversely affected by the COVID-19 pandemic to keep workers on small business payrolls and is found to

be particularly responsive to the acute credit needs during this timeframe.

COMMUNITY DEVELOPMENT LOAN SUMMARY

July 1, 2019 - March 31, 2022

Assessment

Area

Affordable

Housing

Economic

Development

Community

Service

Revitalization &

Stabilization

Total

# $(000s) # $(000s) # $(000s) # $(000s) # $(000s)

MSA 41980 4 $13,301 31 $141,419 225 $261,922 121 $421,035 381 $837,677

MSA 10380 1 $714 3 $4,601 24 $3,425 7 $18,536 35 $27,276

Pursuant to CA 21-5: CRA Considerations for Activities in Response to the Coronavirus - FAQs, PPP in amounts

greater than $1 million submitted by the bank were reviewed and qualified for consideration as community

development loans if they also had a primary purpose of community development as defined under the CRA.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

MSA 38660 0 $0 3 $1,265 27 $16,849 9 $14,832 39 $32,946

MSA 11640 0 $0 2 $1,427 10 $1,754 3 $4,494 15 $7,676

MSA 25020 0 $0 1 $20,929 1 $4,000 2 $4,586 4 $29,515

MSA 32420 4 $1,453 5 $15,795 13 $5,581 5 $11,312 28 $34,141

MSA 41900 3 $3,831 1 $32 4 $3,174 0 $0 7 $7,038

MSA 49500 0 $0 0 $0 0 $0 0 $0 0 $0

Non-Metro

0 $0 3 $1,564 10 $1,239 0 $0 12 $2,803

Puerto Rico

$19,299

$187,032

314

$297,944

147

$474,795

522

$979,072

USVI

$2,670

$76,057

$78,725

Total CD

Loans

12 $19,299 49 $187,032 317 $300,614 157 $550,852 535 $1,057,797

% of Total 2.2% 1.8% 9.2% 17.7% 59.3% 28.4% 29.3% 52.1% 100.0% 100.0%

Innovative and/or Flexible Lending Practices

BPPR made use of innovative and/or flexible lending practices in serving assessment area credit needs. A

number of BPPR’s products, while not new, were responsive to community needs in the bank’s assessment

areas. These included:

• Small Business Administration (“SBA”) lender programs were offered, including the Certified

Lenders Program (“CLP”), and Preferred Lenders Program (“PLP”). BPPR offered loans through

the SBA 504 program.

• Pronto Popular offers the First Home Club (“FHC”) grant program in conjunction with the Federal

Home Loan Bank of New York (“FHLBNY”). The program is a non-competitive set-aside

program which assists first-time homebuyers with incomes at or below 80% of Area Median

Income (“AMI”). Assistance is provided in the form of matching funds based on the household’s

systematic savings within a dedicated savings account. Based on a 4:1 match of household’s

savings, the maximum grant is $7,500. The matching funds may be used toward the down payment

and/or closing costs for the purchase of a home. Additionally, FHC provided up to $500 towards

the defrayment of non-profit housing agency counseling costs which is added to the grant resulting

in the potential maximum assistance of $8,000.

• Homebuyer Dream Program (“HDP”) is a homeownership set-aside program established by the

FHLBNY and offered by BPPR. The HDP provides funds in the form of a grant to be used towards

down payment and closing cost assistance to first-time homebuyers earning at or below 80% of the

AMI and purchasing homes in New York, New Jersey, Puerto Rico or the U.S. Virgin Islands. The

HDP offered grants up to $10,000 and granted up to $9,500 towards down payment and closing

cost assistance to eligible first-time homebuyers. Additionally, the HDP offered up to $500 towards

the defrayment of homeownership counseling costs which is added to the grant.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

• HOME Investment Partnerships Program provides annually awarded grants through the Puerto

Rico Housing Authority and HUD to participating jurisdictions for a wide range of activities to

create affordable housing for low-income households.

• Homebuyer Assistance Program (“HAP”) that utilized Community Development Block Grant

Disaster Recovery (“CDBG-DR”) funds to provide direct assistance to homebuyers to facilitate

and expand homeownership. CDBG-DR funds subsidize interest rates and mortgage principal

amounts, pay up to 100 percent (100%) of the down payment required by the mortgage for, or

reasonable closing costs associated with, the purchase on behalf of the purchaser.

• BPPR offered two disaster recovery grant programs through the FHLBNY: Homeowner Recovery

Grant Program and the Small Business Recovery Grant program. These programs assisted

homeowners and small businesses in Puerto Rico and the U.S. Virgin Islands that sustained damage

as a direct result of Hurricanes Irma and Maria in September 2017, the earthquake in 2020, and

Hurricane Ida in 2021. BPPR served as an intermediary and was responsible for identifying

potential beneficiaries and for collecting, verifying, and retaining eligibility documentation.

• StartUp Popular provided financing, coaching, and networking for business with proven ideas that

have been operating for less than two years. Financing was provided through loans structured to

meet the needs and profiles of start-up clients, such as lower interest rates and payments during

initial repayment. In addition, loans provided up to a full year of lower payments to invest the

provided funds and build a cash flow. Other benefits included commercial service fee discounts

such as: free online banking for 12 months, free commercial checking for 12 months, direct service

with the StartUp team, and free marketing through the StartUp initiative campaign.

• The JumpStart program, an initiative for commercial customers affected by the earthquakes in

municipalities declared an emergency by the Federal Emergency Management Agency (“FEMA”),

consisted of allocating funds for any need that arose in the wake of the earthquakes. In addition,

the program provided an accelerated evaluation process and more attractive financing terms than a

regular loan.

• BPPR participated in HUD’s Neighborhood Stabilization Program (“NSP”) which provided

emergency assistance to state and local governments to acquire and redevelop foreclosed properties

that might otherwise become sources of abandonment and blight within their communities. The

NSP provided grants to states, certain local communities, and other organizations to purchase

foreclosed or abandoned homes and to rehabilitate, resell, or redevelop these homes in order to

stabilize neighborhoods and stem the decline of house values of neighboring homes. Additionally,

very low, low to moderate- and median-income families received a discount of appraisal value to

use toward down payment for the purchase of the rehabilitated property.

• Other innovative and/or flexible lending programs included:

o Section 8 to Homeownership – housing Choice Voucher Program;

o Veterans Administration Loans;

o Special loan modifications;

o SBA PPP loans; and

o COVID-19 payment relief program that offered a 90-day forbearance on retail loans.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

INVESTMENT TEST

BPPR’s performance relative to the investment test is rated High Satisfactory based on a significant level

of qualified CD investments and grants, particularly those not routinely provided by private investors,

occasionally in a leadership position. Overall, the bank made significant use of innovative and/or complex

investments to support CD initiatives based on significant use in Puerto Rico and occasional use in the

USVI. The bank exhibited adequate responsiveness to credit and CD needs in its assessment areas.

During the current evaluation period, the bank made 490 qualified CD investments totaling $200.5 million,

of which, 446 totaling $13 million were CD grants and 44 totaling $187.5 million were investments. Of

the 44 investments, 17, or 38.6%, were prior period investments with a book value of $70.1 million as of

March 31, 2022.

Over the 33-month evaluation period, the bank’s annualized total qualified investments, including

investments and grants, equaled 178 by number and $72.9 million by dollar. Annualized separately, the

bank’s CD investments totaled 16 by number and $68.2 million by dollar, while the bank’s grants totaled

162 by number and $4.7 million by dollar. When comparing BPPR’s annualized CD investment activity

to levels exhibited during the prior exam period, the bank’s total qualified CD investments, including grants,

increased 70.3% by dollar. More specifically, when compared to the prior exam levels, the bank’s

annualized CD investments alone increased 106% by number and 77.1% by dollar, while the bank’s

annualized CD grants decreased 65.2% by number but increased 10.1% by dollar. The bank’s increase in

annualized CD investments was noteworthy and supported a performance rating upgrade in the investment

test from the last exam, in which the bank’s investment test performance was rated a low satisfactory.

When compared to two peer banks and its own performance during the last exam period, BPPR ranked

second when comparing annualized CD investments loans to total deposits, ranked second when comparing

annualized CD investments as a percentage of Tier 1 capital, and ranked second relative to annualized CD

investments as a percentage of average assets.

Overall, the bank made significant use of innovative and complex investments to support CD initiatives,

driven by significant use in Puerto Rico and occasional use in the USVI. Out of 44 investments, two,

totaling $8.5 million, were considered complex and three, totaling $109 million, were considered

innovative.

One complex investment was made in Popular Community Capital (“PCC”).

• Established by BPPR in 2016, PCC’s focus was on job creation and support services targeted to

LMI individuals and communities. PCC accomplished this by providing capital to small businesses

located in LMI census tracts, and to businesses of all sizes serving LMI individuals. PCC qualified

for a New Markets Tax Credits (“NMTC”) allocation; a complex structure aimed at serving low-

income communities.

BPPR’s innovative investments also included investments in the Popular Mezzanine Fund and the Impact

Fund.

• In 2017, BPPR established the Popular Mezzanine Fund, an innovative way to invest in the Puerto

Rico amid the shift in available government investment vehicles. This fund was aimed exclusively

at meeting the credit needs of Puerto Rican communities, including those that were LMI, as public

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

welfare investments. Economic development and job creation were core objectives, as was

providing capital to those unable to obtain traditional financing.

• The Impact Fund, an investment product established by the bank, invested in companies that

fostered innovation in the financial services sector or sought to address challenges faced by the

communities in which the bank does business, such as access to financial services, community

development, and environmental sustainability. BPPR made an initial investment of $9 million to

the Impact Fund.

BPPR exhibited adequate responsiveness to credit and community development needs. The bank invested

and donated across Puerto Rico and the USVI, supporting small businesses and LMI individuals through

the creation and retention of jobs, community service, and worked to rebuild PR and the USVI after natural

disasters and the COVID-19 pandemic.

As for CD investments in affordable housing, a significant need in LMI communities across PR and the

USVI, 36 of the bank’s 37 investments with a primary purpose of affordable housing were mortgage-backed

securities, which is considered less complex.

BPPR’s investment activity is illustrated in the Qualified Investments and Grants Summary table. BPPR’s

investments impacted many areas of Puerto Rico and were not targeted to one county, MSA, or non-

metropolitan area. Because the bank did not exclude any areas in Puerto Rico from its assessment areas,

investments that did not have geographic specifications or exclusions are attributed to benefitting all of

Puerto Rico in the analysis and are represented under “All PR” in the subsequent table.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

COMMUNITY DEVELOPMENT INVESTMENT SUMMARY

July 1, 2019 - March 31, 2022

Assessment

Area

Affordable

Housing

Economic

Development

Community

Service

Revitalization &

Stabilization

Total

# $(000s) # $(000s) # $(000s) # $(000s) # $(000s)

MSA 41980 0 $0 28 $5,934 263 $6,591 15 $745 306 $13,270

MSA 10380 0 $0 0 $0 8 $169 1 $25 9 $194

MSA 38660 0 $0 1 $53 16 $422 1 $55 18 $530

MSA 11640 0 $0 0 $0 5 $70 0 $0 5 $70

MSA 25020 0 $0 0 $0 0 $0 0 $0 0 $0

MSA 32420 0 $0 1 $160 10 $106 0 $0 11 $266

MSA 41900 0 $0 0 $0 1 $25 0 $0 1 $25

MSA 49500 0 $0 0 $0 0 $0 0 $0 0 $0

Non-Metro PR 0 $0 0 $0 5 $81 1 $28 6 $109

All PR 25 $90,304 13 $92,515 43 $1,395 3 $495 84 $184,709

Puerto Rico

$90,304

$98,662

351

$8,859

$1,348

440

$199,173

USVI

$1,039

$243

$40

$1,322

Total CD

Investments

37 $91,343 43 $98,662 388 $9,102 22 $1,388 490 $200,495

% of Total 7.6% 44.2% 8.8% 50.7% 79.2% 4.4% 4.5% 0.7% 100.0% 100.0%

SERVICE TEST

BPPR’s overall rating on the service test is High Satisfactory based primarily on ratings for the full scope

assessment areas.

Delivery systems were readily accessible to the bank's geographies and individuals of

different income levels in its AA. The bank's record of opening and closing of branches did not adversely

affect the accessibility of its delivery systems, particularly to low- and moderate-income (LMI) geographies

and/or LMI individuals. Services were tailored to convenience and needs of its AA, particularly LMI

geographies and/or LMI individuals. The bank provided a relatively high level of CD services.

Retail Services

BPPR’s branches were readily accessible to all geographies of its assessment areas. The bank operated 167

branches, of which one was a limited purpose-branch. Of the bank’s total branches, 49, or 29.3%, were in

LMI areas, compared to 26.7% of the assessment areas’ population residing in LMI areas. Additionally,

seven, or 4.2%, of the branches were in distressed or underserved non-metropolitan middle-income

geographies.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Alternative delivery systems somewhat enhanced BPPR’s performance in its assessment areas. BPPR

operated a total of 635 ATMs throughout its assessment areas, of which 341 ATMs were located on-site at

BPPR’s branches. Of the 294 ATMs located off-site, 10, or 3.4%, were located in low-income geographies

and 46, or 15.6%, were in moderate-income geographies. BPPR’s ATMS were equipped with a new feature

called Easy Payment which allowed customers to make payments to the businesses registered in their profile

and to all Popular brand businesses: Popular Mortgage, Popular Auto, credit cards, personal loans, and

reserve lines. Easy Payment could also be used to pay bills to the Aqueduct and Sewer Authority (PRASA),

Liberty, DirecTV, Claro, and Open Mobile. BPPR offered other alternative delivery systems such as bank-

by-mail, internet banking, mobile banking, Mi Banco Alerts, ATH Móvil, and Easy Deposits service. In

addition, BPPR provided 24/7/365 customer service.

BPPR’s record of opening and closing branches did not adversely affect the overall accessibility of its

delivery systems to low- and moderate-income geographies and individuals. During the evaluation period,

BPPR opened one branch in a low-income census tract and relocated two branches, of which one was in a

moderate-income census tract. Additionally, BPPR consolidated five branches into existing branches, none

of which were in LMI census tracts.

Saturday, Sunday, and holiday hours were widely scheduled and tailored to meet the convenience and needs

of the assessment areas, particularly LMI geographies and individuals. Of the 49 branches in LMI areas,

27, or 55.1%, had Saturday, Sunday or holiday hours.

BRANCH LOCATION BY INCOME TRACT

As of December 31, 2021

Tract

Income

Categories

Tract

Distribution

Families by

Tract Income

Families < Poverty

Level as % of Families

by Tract

Families by

Family Income

Low-income

7.0

4,342

7.0

3,408

78.5

17,778

28.7

Moderate-income

28.2

13,360

21.6

8,570

64.1

7,945

12.8

Middle-income

31.0

23,162

37.4

11,186

48.3

9,429

15.2

Upper-income

28.2

20,720

33.4

6,837

33.0

26,815

43.3

Unknown-income

5.6

383

0.6

279

72.8

0.0

Total Assessment Area

100.0

61,967

100.0

30,280

48.9

61,967

100.0

Housing

Housing Types by Tract

Units by

Owner-Occupied

Rental

Vacant

Tract

Low-income

7,297

2,271

3.9

31.1

4,037

55.3

989

13.6

Moderate-income

25,406

11,931

20.4

47.0

7,858

30.9

5,617

22.1

Middle-income

35,793

22,169

37.9

61.9

8,502

23.8

5,122

14.3

Upper-income

33,225

21,869

37.4

65.8

6,983

21.0

4,373

13.2

Unknown-income

1,174

249

0.4

21.2

572

48.7

353

30.1

Total Assessment Area

102,895

58,489

100.0

56.8

27,952

27.2

16,454

16.0

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Total Businesses by

Businesses by Tract & Revenue Size

Tract

Less Than or =

$1 Million

Over $1

Million

Revenue Not

Reported

Low-income

9.7

9.2

12.6

0.0

Moderate-income

245

32.2

203

32.3

30.7

60.0

Middle-income

183

24.1

148

23.6

26.8

20.0

Upper-income

228

30.0

193

30.7

26.8

20.0

Unknown-income

3.9

4.1

3.1

0.0

Total Assessment Area

760

100.0

628

100.0

127

100.0

Percentage of Total Businesses:

82.6

16.7

0.7

Total Farms by

Farms by Tract & Revenue Size

Tract

Less Than or =

$1 Million

Over $1

Million

Revenue Not

Reported

Low-income

0.0

Moderate-income

30.8

33.3

0.0

Middle-income

23.1

25.0

0.0

Upper-income

46.2

41.7

100.0

0.0

Unknown-income

0.0

Total Assessment Area

100.0

0.0

Percentage of Total Farms:

92.3

7.7

0.0

2020 FFIEC Census Data and 2020 D&B Information

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS

LENDING TEST

BPPR lending levels reflected good responsiveness to assessment area credit needs and a substantial

majority of loans were made in the bank's AA. The geographic distribution of loans reflected adequate

penetration throughout the AA while the distribution of borrowers reflected, given the product lines

offered, adequate penetration among customers of different income levels and businesses of different

sizes. The bank exhibited an adequate record of serving the credit needs of low-income individuals and

areas and very small businesses. The bank made an adequate level of CD loans and the bank made use of

innovative and/or flexible lending practices in serving AA credit needs.

Lending Activity

BPPR’s lending activity demonstrated good responsiveness to the retail credit needs of the MSA 38660

(Ponce, PR). During the evaluation period, BPPR originated 310 home purchase, 91 refinance, five home

improvement, 2,540 small business, and 43 small farm loans in the assessment area. BPPR ranked first in

deposit market share throughout the evaluation period. In 2020, BPPR ranked first in HMDA lending out

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

of 30 reporting institutions and ranked first in small business and small farm lending out of 23 CRA

reporting institutions.

Volume trends during the evaluation period indicate an annualized increase of 30.4% in total lending while

HMDA lending decreased by 16.3%, small business lending increased by 73.4%, and small farm lending

increased by 38.7% in the assessment area. BPPR’s loan volume trend in the assessment area showed a

greater increase in HMDA lending and CRA lending than the aggregate over the same period.

Geographic Distribution of Loans

Banco Popular PR's overall geographic distribution of HMDA-related, small business, and small farm loans

was adequate based on adequate penetration in low- and moderate-income geographies throughout the MSA

38660 (Ponce, PR) assessment area. Lending penetration in LMI tracts was adequate for home purchase,

home improvement, small business, and small farm loans, while lending penetration in LMI tracts was poor

for refinance loans.

Gap Analysis

Banco Popular’s responsiveness to meeting the needs of its community was evaluated through an analysis

of gaps in lending in LMI census tracts. In each year, the bank’s penetration rate in LMI census tracts

exceeded 80.0%. The following table is a summary of the analysis of lending gaps in the assessment area.

Lending Gap Analysis - MSA 38660 (Ponce, PR)

Tract Income Levels

Number of Tracts

Tracts with no Loans

Penetration

2019

Low

100%

Moderate

85%

Middle

95%

Upper

100%

Income Unknown

25%

2020

Low

100%

Moderate

100%

Middle

100%

Upper

100%

Income Unknown

25%

Home Purchase Loans

The geographic distribution of home purchase loans was adequate based on good penetration in low-income

geographies and adequate penetration in moderate-income geographies in the assessment area. In 2020, the

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

bank made 2.2% by number and 0.8% by dollar of its home purchase loans in low-income census tracts.

Home purchase lending performance in low-income census tracts was below the demographic of 3.9% of

owner-occupied housing units located in low-income census tracts and below the aggregate lending which

made 3.1% by number and 1.8% by dollar in low-income census tracts. In 2020, the bank made 6.5% of

home purchase loans by number and 5.6% by dollar in moderate-income census tracts. The bank's home

purchase lending performance was below the demographic of 20.4% of owner-occupied housing units

located in moderate-income census tracts and was below the aggregate lending which made 10.0% by

number and 7.8% by dollar of home purchase loans in moderate-income census tracts.

In 2019, the bank made 2.3% by number and 1.4% by dollar of its home purchase loans in low-income

census tracts. Home purchase lending performance in low-income census tracts was below the demographic

of 3.9% of owner-occupied housing units located in low-income census tracts and comparable to the

aggregate lending which made 1.5% by number and 0.9% by dollar in low-income census tracts. In 2019,

the bank made 9.9% of home purchase loans by number and 7.3% by dollar in moderate-income census

tracts. The bank's home purchase lending performance was below the demographic of 20.4% of owner-

occupied housing units located in moderate-income census tracts and was slightly below the aggregate

lending which made 12.3% by number and 11.0% by dollar of home purchase loans in moderate-income

census tracts.

Refinance Loans

The geographic distribution of refinance loans was poor based on poor penetration in both low- and

moderate-income geographies in the assessment area. In 2020, the bank made 1.8% by number and 0.7%

by dollar of refinance loans in low-income census tracts. The bank's refinance lending performance in low-

income census tracts was below the demographic of 3.9% of owner-occupied housing units located in low-

income census tracts and below the aggregate lending which made 3.0% by number and 4.1% by dollar of

refinance loans in low-income census tracts. In 2020, the bank made 3.6% by number and 2.5% by dollar

of refinance loans in moderate-income census tracts. BPPR’s refinance lending performance in moderate-

income census tracts was below the demographic of 20.4% of owner-occupied housing units located in

moderate-income census tracts and below the aggregate lending which made 8.0% by number and 4.9% by

dollar of refinance loans in moderate-income census tracts.

In 2019, the bank did not make any refinance loans in low-income census tracts. The bank's refinance

lending performance in low-income census tracts was compared to the demographic of 3.9% of owner-

occupied housing units located in low-income census tracts and the aggregate lending which made 0.7%

by number and 0.6% by dollar of refinance loans in low-income census tracts. In 2019, the bank made 2.9%

by number and 3.8% by dollar of refinance loans in moderate-income census tracts. BPPR’s refinance

lending performance in moderate-income census tracts was below the demographic of 20.4% of owner-

occupied housing units located in moderate-income census tracts and significantly below the aggregate

lending which made 12.1% by number and 20.7% by dollar of refinance loans in moderate-income census

tracts.

Home Improvement Loans

The geographic distribution of home improvement loans was adequate based on adequate penetration in

low-income geographies and poor penetration in moderate-income geographies in the assessment area. In

2020, the bank made one loan which represented 33.3% by number and 9.5% by dollar of home

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

improvement loans in low-income census tracts. The bank's home improvement lending performance in

low-income census tracts was above the demographic of 3.9% of owner-occupied housing units located in

low-income census tracts and comparable to the aggregate lending which made 25.0% by number and 7.0%

by dollar of home improvement loans in low-income census tracts. In 2020, the bank did not make any

home improvement loans in moderate-income census tracts. BPPR’s home improvement lending

performance in moderate-income census tracts was compared to the demographic of 20.4% of owner-

occupied housing units located in moderate-income census tracts and the aggregate lending which made

25.0% by number and 25.8% by dollar of home improvement loans in moderate-income census tracts.

In 2019, the bank did not make any home improvement loans in low-income census tracts. The bank's home

improvement lending performance in low-income census tracts was significantly below the demographic

of 3.9% of owner-occupied housing units located in low-income census tracts, but comparable to the

aggregate lending which also did not make any home improvement loans in low-income census tracts. In

2019, the bank did not make any home improvement loans in moderate-income census tracts. BPPR’s home

improvement lending performance in moderate-income census tracts was compared to the demographic of

20.4% of owner-occupied housing units located in moderate-income census tracts and the aggregate lending

which also did not make any home improvement loans in moderate-income census tracts.

Small Business Loans

The geographic distribution of small business loans was adequate based on adequate penetration in both

low- and moderate-income geographies in the assessment area. In 2020, the bank made 4.1% by number

and 7.5% by dollar of small business loans in low-income census tracts. The bank's small business lending

performance in low-income census tracts was below the demographic of 9.7% of businesses located in low-

income census tracts and comparable to the aggregate lending, which made 4.6% by number and 6.1% by

dollar of small business loans in low-income census tracts. In 2020, the bank made 19.6% by number and

18.8% by dollar of small business loans in moderate-income census tracts. BPPR’s small business lending

performance in moderate-income census tracts was below the demographic of 32.2% of businesses located

in moderate-income census tracts and comparable to the aggregate lending which made 20.2% by number

and 19.9% by dollar of small business loans in moderate-income census tracts.

In 2019, the bank made 5.2% by number and 8.2% by dollar of small business loans in low-income census

tracts. The bank's small business lending performance in low-income census tracts was below the

demographic of 10.2% of businesses located in low-income census tracts and below the aggregate lending,

which made 6.2% by number and 9.6% by dollar of small business loans in low-income census tracts. In

2019, the bank made 21.9% by number and 22.6% by dollar of small business loans in moderate-income

census tracts. BPPR's small business lending performance in moderate-income census tracts was below the

demographic of 33.6% of businesses located in moderate-income census tracts and comparable to the

aggregate lending which made 20.6% by number and 21.2% by dollar of small business loans in moderate-

income census tracts.

Small Farm Loans

The geographic distribution of small farm loans was adequate based on adequate penetration in moderate-

income geographies in the assessment area. In 2020, the bank did not make any small farm loans in low-

income census tracts as there were no small farms in low-income census tracts. In 2020, the bank made

52.5% by number and 30.4% by dollar of small farm loans in moderate-income census tracts. BPPR’s small

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

farm lending performance in moderate-income census tracts was above the demographic of 30.8% of farms

located in moderate-income census tracts and comparable to the aggregate lending, which made 52.5% by

number and 30.4% by dollar of small farm loans in moderate-income census tracts.

In 2019, the bank did not make any small farm loans in low-income census tracts as there were no small

farms in low-income census tracts. In 2019, the bank did not make any small farm loans in moderate-income

census tracts. BPPR’s small farm lending performance in moderate-income census tracts was compared to

the demographic of 30.8% of farms located in moderate-income census tracts and comparable to the

aggregate, which also did not make any small farm loans in moderate-income census tracts.

Lending to Borrowers of Different Incomes and to Businesses of Different Sizes

The distribution of borrowers reflected, given the product lines offered, adequate penetration among

customers of different income levels and businesses of different sizes. This conclusion is based on poor

distribution of home purchase and home improvement loans, adequate distribution of refinance to LMI

borrowers, adequate distribution to small farms, and good distribution to small businesses throughout the

assessment area.

Home Purchase Loans

Overall distribution of home purchase loans to borrowers of different income levels was poor based on poor

penetration among low-income customers and poor penetration among moderate-income customers for

home purchase lending in the assessment area. In 2020, the bank did not make any loans to low-income

borrowers. This was compared to the demographic of 28.7% of low-income families in the assessment area

and the aggregate lending which made 0.2% by number and less than that by dollar to low-income families.

The bank's lending to moderate-income borrowers was 1.4% by number and 1.0% by dollar, which was

below the aggregate lending of 3.6% by number and 2.2% by dollar, and significantly below the

demographic of 12.8% moderate-income families in the assessment area.

In 2019, the bank did not make any loans to low-income borrowers. This was compared to the demographic

of 28.7% of low-income families in the assessment area and the aggregate lending which made 0.2% by

number and 0.1% by dollar of home purchase loans to low-income families. The bank's lending to

moderate-income borrowers was 4.7% by number and 3.0% by dollar, which was below the aggregate

lending of 5.6% by number and 3.3% by dollar, and below the demographic of 12.8% moderate-income

families in the assessment area.

Refinance Loans

Overall distribution of refinance loans to borrowers of different income levels was adequate based on

adequate penetration among low-income customers and adequate penetration among moderate-income

customers for refinance lending. In 2020, the bank did not make any loans to low-income borrowers. This

was comparable to the aggregate lending which also did not make any refinance loans to low-income

borrowers. The bank's performance was compared to the demographic of 28.7% of low-income families in

the assessment area. The bank also did not make any loans to moderate-income borrowers. This was

compared to the aggregate lending which made 3.8% by number and 2.1% by dollar, and the demographic

of 12.8% moderate-income families in the assessment area.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

In 2019, the bank did not make any loans to low-income borrowers. This was compared to the aggregate

lending which made 0.7% by number and 0.3% by dollar and the demographic of 28.7% of low-income

families in the assessment area. In 2019, the bank made 8.6% of refinance loans by number and 4.0% by

dollar to moderate-income borrowers. The bank’s performance exceeded the aggregate, which made 7.1%

by number and 3.9% by dollar, and below the demographic of 12.8% moderate-income families in the

assessment area.

Home Improvement loans

Overall distribution of home improvement loans to borrowers of different income levels was poor based on

poor penetration among low-income customers and poor penetration among moderate-income customers

for home improvement lending in the assessment area. The bank did not make any home improvement

loans to low- or moderate-income borrowers during the review period. Similarly, the aggregate did not

make any home improvement loans to low- or moderate-income borrowers during the same period of time.

The bank's performance was compared to the demographic of 28.7% of low-income families and 12.8% of

moderate-income families in the assessment area.

Small Business loans

Overall, the distribution of small business loans to businesses of different sizes was good based on good

penetration among small businesses in the assessment area. In 2020, the bank originated 40.1% of loans by

number and 37.2% by dollar to businesses with gross annual revenues of $1 million or less. The bank's

lending to small businesses exceeded the aggregate lending of 34.4% by number and 28.2% by dollar, and

significantly below the demographic of 82.6% of businesses in the assessment area with gross annual

revenues of $1 million or less. The bank also originated 91.9% of loans to assessment area businesses in

amounts of $100,000 or less, which are typically considered more responsive to the credit needs of very

small businesses.

In 2019, the bank originated 71.0% of loans by number and 53.1% by dollar to businesses with gross annual

revenues of $1 million or less. The bank's lending to small businesses exceeded the aggregate lending at

58.4% by number and 46.0% by dollar, and comparable to the demographic of 78.7% of businesses in the

assessment area with gross annual revenues of $1 million or less. The bank also originated 87.6% of loans

to assessment area businesses in amounts of $100,000 or less, which are typically considered more

responsive to the credit needs of very small businesses.

Small Farm loans

Overall, the distribution of small farm loans to farms of different sizes was adequate based on adequate

penetration among small farms in the assessment area. In 2020, the bank originated 20.0% of loans by

number and 35.2% by dollar to farms with gross annual revenues of $1 million or less. The bank's lending

to small farms was comparable to the aggregate lending which made 20.0% of loans by number and 35.2%

by dollar and was below the demographic of 92.3% of farms in the assessment area with gross annual

revenues of $1 million or less. The bank also originated 100.0% of loans to assessment area farms in

amounts of $100,000 or less, which are typically considered more responsive to the credit needs of very

small businesses.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

In 2019, the bank originated 100% of loans by number and 100% by dollar to farms with gross annual

revenues of $1 million or less. The bank's lending to small farms was comparable to the aggregate lending,

which made 100% of loans by number and 100% by dollar and exceeded the demographic of 92.3% of

farms in the assessment area with gross annual revenues of $1 million or less. The bank also originated

100.0% of loans to assessment area farms in amounts of $100,000 or less, which are typically considered

more responsive to the credit needs of very small businesses.

Community Development Lending

BPPR made an adequate level of community development loans in the MSA 38660 (Ponce, PR) assessment

area. During the evaluation period, the bank made 39 CD loans for approximately $33.0 million,

representing 3.1% of all BPPR’s community development lending activity.

BPPR’s CD lending was primarily for community

services and revitalization and stabilization, as

noted in the table. The bank decreased the

annualized dollar amount of CD lending in the

assessment area by 64.7% from the prior exam.

The bank ranked second when compared to two

similarly situated banks based on annualized

community development loans to deposits within

the MSA 38660 (Ponce, PR) assessment area.

Examples of community development lending

included the following:

• A $6.8 million loan for a NMTC construction project of a new academic center and primary care

clinic in an LMI geography.

• A $1 million SBA PPP loan to retain 140 jobs in a moderate-income census tract during the COVID-

19 pandemic.

INVESTMENT TEST

BPPR’s performance in MSA 38660 (Ponce, PR) is based on the following summary. The bank made an

adequate level of qualified community development investments and grants, particularly those not routinely

provided by private investors, and rarely in a leadership position. The bank made occasional use of

innovative or complex investments to support community development initiatives and exhibited adequate

responsiveness to credit and community development needs.

CD LOANS

MSA 38660 (Ponce, PR)

PURPOSE

$(000s)

Affordable Housing

Economic Development

$1,265

Community Services

$16,849

Revitalization and Stabilization

$14,832

TOTAL

$32,946

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

During the evaluation period, the bank made 18

CD investments and grants in the assessment

area totaling $530,000. The bank’s annualized

amount of CD investments in the assessment

area increased by 31.5% from the prior exam.

However, the bank’s deposits in the assessment

area also significantly increased. Examiners

took into account the fact that 92.4% of the

bank’s investments were not limited to specific

assessment areas but benefited all of Puerto

Rico. This assessment area benefitted from the

bank’s $190.7 million in investments in the PCC

and Popular Mezzanine Funds, as well as the

bank’s investments in mortgage-backed security investments benefitting all of Puerto Rico. The bank

ranked below two similarly situated banks when comparing annualized community development loans to

deposits within the MSA 38660 (Ponce, PR) assessment area.

Examples of qualified investments included:

• A $52,600 grant to a foundation that focuses on entrepreneurship development initiatives offering

economic development through workshops and seminars.

• A $50,000 donation made at a fundraising event that supported community programs benefitting LMI

individuals.

SERVICE TEST

BPPR’s performance under the service test in MSA 38660 (Ponce, PR) is based on delivery systems that

were readily accessible to the bank’s geographies and individuals of different income levels in the

assessment area, changes in branch locations did not adversely affect accessibility, services did not vary in

a way that inconvenienced the needs of the assessment area, and hours and services were tailored to the

convenience and needs of its assessment area. The bank provided a relatively high level of community

development services within the assessment area.

Retail Services

BPPR's delivery systems were readily accessible to all geographies of the assessment area and individuals

of different income levels. BPPR had ten branches in the assessment area, of which one, or 10.0%, was

located in a moderate-income census tract, while 29.6% of the assessment area’s households resided in low-

or moderate-income census tracts. BPPR operated a total of 39 ATMs throughout the assessment area, of

which 12.8% were located in LMI geographies. Of the ATMs in the assessment area, 22 were located off-

site and 13.6% of the off-site ATMs were located in LMI geographies.

CD INVESTMENTS

MSA 38660 (Ponce, PR)

PURPOSE

$(000s)

Affordable Housing

Economic Development

$53

Community Services

$422

Revitalization and Stabilization

$55

TOTAL

$530

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

BPPR’s record of opening and closings of branches in the assessment area did not adversely affect the

accessibility of its delivery systems, particularly to low- and moderate-income geographies and low-and

moderate-income individuals. During the evaluation period, BPPR did not open or close any branches in

the assessment area.

BPPR’s hours and services were tailored to the convenience and needs of the assessment area, particularly

LMI geographies and/or LMI individuals. Of the ten branches in the MSA 38660 (Ponce, PR) assessment

area, six, or 60.0%, had Saturday, Sunday, or holiday hours. The bank’s one branch in an LMI census tracts

also had Saturday, Sunday, or holiday hours.

Community Development Services

BPPR provided a relatively high level of community development services within the assessment area. As

presented in the table below, BPPR conducted 181 community service events in the assessment area. The

services consisted of a wide variety of events related to the financial education of children and adults and

also providing small business technical assistance.

Examples of community development services

include:

• The bank offered a workshop seminar through the

bank’s Populoso Financial Education Program, by

visiting schools and communities to teach

children about the importance of saving.

• A bank employee offered a seminar through the

Finance at Your Fingertips Program which covered

the topic of Financial Education and Savings. Finance at Your Fingertips was established by Banco

Popular to create awareness about the importance on the effective management of personal finances.

CD SERVICES

MSA 38660 (Ponce, PR)

Board & Committee Memberships

Technical Assistance

Seminars and Other Services

128

Total

181

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

METROPOLITAN AREA

MSA 11640 (ARECIBO, PR)

(LIMITED REVIEW)

DESCRIPTION OF INSTITUTION'S OPERATIONS

A limited evaluation of BPPR's performance in MSA 11640 (Arecibo, PR) was conducted. According to

the 2015 ACS, MSA 11640 (Arecibo, PR) had 5.4% of the total population of Puerto Rico, and according

to 2020 D& B information, 3.1% of all business establishments. The assessment area had an unemployment

rate of 8.1% in 2021, and 45.7% of its families were below the poverty rate.

Key demographic highlights are listed on the chart below:

Assessment Area Demographics – MSA 11640 (Arecibo, PR)

Income Category

Tract Distribution

Percentage of Owner-

Occupied Housing Units

by Tract

Percentage of Families by

Income Level

# %

Low Income

2.2%

0.5%

26.2%

Moderate Income

20.0%

13.2%

14.5%

Middle Income

48.9%

59.4%

17.0%

Upper Income

20.0%

27.0%

42.2%

Unknown

8.9%

0.0%

Total

100.0%

During the evaluation period BPPR had 4.2% of its Puerto Rico lending activity in this assessment area and

maintained six branches. Three of the branches were in LMI census tracts. The six branches operating in

MSA 11640 (Arecibo, PR) generated 1.7% of the bank’s deposits in Puerto Rico as of June 30, 2021. BPPR

was the leading bank in the assessment area (1 of 3) with 64.8% of all deposits.

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN MSA 11640

(ARECIBO, PR)

The overall lending test rating for Puerto Rico is High Satisfactory. BPPR’s lending test performance in the

assessment area was generally consistent this performance. During the evaluation period, the bank’s lending

performance reflected good geographic distribution and borrower distribution was adequate. Community

Development lending performance was at a relatively high level. BPPR made 15 loans totaling $7.7

million, representing 0.7% of all BPPR’s community development loans in the assessment area during the

evaluation period. Investment test performance was below the High Satisfactory performance in Puerto

Rico, as the bank did not have any community development investments and made only grants and

donations of $70,000. Service test performance was consistent with the High Satisfactory rating in Puerto

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Rico. The bank operated six branches in the assessment area, of which three were located in an LMI census

tract. The institution provided a relatively high level of community development services in the assessment

area.

Facts and data reviewed, including performance, can be found in the tables accompanying this report in

Appendix A. Conclusions regarding performance, which did not impact the overall rating, are as follows:

Assessment Area Lending Test Investment Test Service Test

MSA 11640 (Arecibo, PR) Consistent

Below

Consistent

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

METROPOLITAN AREA

MSA 25020 (GUAYAMA, PR)

(LIMITED REVIEW)

DESCRIPTION OF INSTITUTION'S OPERATIONS

A limited evaluation of BPPR’s performance in MSA 25020 (Guayama, PR) was conducted. Located on

the Caribbean coast of Puerto Rico, the assessment area has a population of 81,159 or 2.3% of the total

population of Puerto Rico and 0.9% of Puerto Rico’s business establishments according to 2020 D&B

information. Unemployment in the MSA 25020 (Guayama, PR) assessment area was 8.5% in 2021. The

assessment area also has high poverty rates with 51.4% of all families with incomes below the poverty rate.

Key demographic highlights are listed on the chart below:

Assessment Area Demographics – MSA 25020 (Guayama, PR)

Income Category

Tract Distribution

Percentage of Owner-

Occupied Housing Units

by Tract

Percentage of Families

by Income Level

# %

Low Income

5.0%

1.5%

24.9%

Moderate Income

5.0%

3.5%

14.4%

Middle Income

65.0%

78.5%

17.3%

Upper Income

10.0%

16.5%

43.5%

Unknown

15.0%

0.0%

Total

100.0%

During the evaluation period BPPR had 1.4% of its Puerto Rico lending activity in this assessment area and

maintained three branches. None of the branches were in LMI census tracts. The three branches operating

in MSA 25020 (Guayama, PR) generated 0.6% of BPPR’s deposits in Puerto Rico as of June 30, 2021.

BPPR is the leading bank in the assessment area (1 of 3) with 68.5% of all deposits.

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN MSA 25020

(GUAYAMA, PR)

The overall lending test rating for Puerto Rico is High Satisfactory. BPPR’s lending test performance in

the assessment area was below this performance. During the evaluation period, the bank’s lending reflected

poor geographic distribution and borrower distribution was adequate. Community Development lending

performance was at a relatively high level. BPPR originated four community development loans totaling

$29.5 million, representing 2.8% of all BPPR’s community development loans in the assessment area

during the evaluation period. Investment test performance was below the High Satisfactory performance in

Puerto Rico, as the bank did not have any community development investments or grants and donations.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Service test performance was consistent with the High Satisfactory rating in Puerto Rico. The bank operated

three branches in the assessment area, of which none were located in LMI census tracts. The institution

provided a relatively high level of community development services in the assessment area.

Facts and data reviewed, including performance, can be found in the tables accompanying this report in

Appendix A. Conclusions regarding performance, which did not impact the overall rating, are as follows:

Assessment Area Lending Test Investment Test Service Test

MSA 25020 (Guayama, PR) Below

Below

Consistent

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

METROPOLITAN AREA

MSA 32420 (MAYAGÜEZ, PR)

(LIMITED REVIEW)

DESCRIPTION OF INSTITUTION'S OPERATIONS

A limited evaluation of Banco Popular de Puerto Rico's performance in MSA 32420 (Mayagüez, P.R.) was

conducted. According to the 2015 ACS, Mayagüez has 3.1% of the total population of Puerto Rico and

according to 2020 D&B information, 3.1% of all business establishments. The assessment area had an

unemployment rate of 8.7% in 2021 and 43.4% of its families below the poverty rate.

Key demographic highlights are listed below:

Assessment Area Demographics – MSA 32420 (Mayagüez, PR)

Income Category

Tract Distribution

Percentage of Owner-

Occupied Housing Units

by Tract

Percentage of Families by

Income Level

# %

Low Income

2.9%

1.6%

28.2%

Moderate Income

32.4%

21.5%

13.0%

Middle Income

32.4%

39.6%

16.6%

Upper Income

23.5%

36.1%

42.1%

Unknown

8.8%

1.2%

0.0%

Total

100.0%

During the evaluation period BPPR had 3.1% of its lending activity in the MSA 32420 (Mayagüez, PR)

assessment area and maintained seven branches. Four of the branches were in LMI census tracts. The

seven branches operating in MSA 32420 (Mayagüez, PR) generated 1.9% of deposits in Puerto Rico as of

June 30, 2021. BPPR is the leading bank in the assessment area (one of three) with 59.3% of all deposits.

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN MSA 32420

(MAYAGÜEZ, PR)

The overall lending test rating for Puerto Rico is High Satisfactory. BPPR’s lending test performance in

the assessment area was generally consistent with this performance. During the evaluation period, the

bank’s lending reflected good geographic distribution and borrower distribution was adequate. Community

Development lending was at a relatively high level. BPPR originated 28 community development loans

totaling $34.1 million, representing 3.2% of all BPPR’s community development loans in the assessment

area during the evaluation period. Investment test performance was below the High Satisfactory

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

performance in Puerto Rico, as the bank did not have any community development investments and made

only grants and donations of $266,000. Service test performance was consistent with the High Satisfactory

rating in Puerto Rico. The bank operated seven branches in the assessment area, of which four were located

in LMI census tracts. The institution provided a relatively high level of community development services

in the assessment area.

Facts and data reviewed, including performance, can be found in the tables accompanying this report in

Appendix A. Conclusions regarding performance, which did not impact the overall rating, are as follows:

Assessment Area Lending Test Investment Test Service Test

MSA 32420 (Mayagüez, PR) Consistent

Below

Consistent

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

METROPOLITAN AREA

MSA 41900 (SAN GERMÁN, PR)

(LIMITED REVIEW)

DESCRIPTION OF INSTITUTION'S OPERATIONS

A limited evaluation of BPPR's performance in MSA 41900 (San Germán, PR) was conducted. According

to the 2015 ACS, the MSA 41900 (San Germán, PR) assessment area has 3.7% of the total population of

Puerto Rico and according to 2020 D&B information, 1.9% of all business establishments in Puerto Rico.

The assessment area had an unemployment rate of 8.9% in 2021 and 48.1% of its families below the poverty

rate.

Key demographic highlights are listed below:

Assessment Area Demographics – MSA 41900 (San Germán, PR)

Income Category

Tract Distribution

Percentage of Owner-

Occupied Housing Units

by Tract

Percentage of Families

by Income Level

# %

Low Income

0.0%

27.5%

Moderate Income

12.9%

9.1%

14.2%

Middle Income

58.1%

66.8%

16.6%

Upper Income

19.4%

24.2%

41.7%

Unknown

9.7%

0.0%

Total

100.0%

During the evaluation period BPPR had 3.2% of its Puerto Rico lending activity in the MSA 32420 (San

Germán, PR) assessment area and maintained four branches. None of the branches were in LMI census

tracts. The four branches operating in MSA 41900 (San Germán, PR) generated 1.4% of BPPR’s deposits

in Puerto Rico as of June 30, 2021. BPPR is the leading bank in the assessment area (one of two) with

97.74% of all deposits.

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN MSA 41900

(SAN GERMÁN, PR)

The overall lending test rating for Puerto Rico is High Satisfactory. BPPR’s lending test performance in

the assessment area was generally consistent with this performance. During the evaluation period, the

bank’s lending reflected good geographic distribution and borrower distribution was adequate. Community

Development lending was at a relatively high level. BPPR originated seven community development loans

totaling $7.0 million, representing 0.7% of all BPPR’s community development loans in the assessment

area during the evaluation period. Investment test performance was below the High Satisfactory

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

performance in Puerto Rico, as the bank did not have any community development investments and made

only grants and donations of $25,000. Service test performance was consistent with the High Satisfactory

rating in Puerto Rico. The bank operated four branches in the assessment area, of which none were located

in LMI census tracts. The institution provided a relatively high level of community development services

in the assessment area.

Facts and data reviewed, including performance, can be found in the tables accompanying this report in

Appendix A. Conclusions regarding performance, which did not impact the overall rating, are as follows:

Assessment Area Lending Test Investment Test Service Test

MSA 41900 (San Germán, PR) Consistent

Below

Consistent

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

METROPOLITAN AREA

MSA 49500 (YAUCO, PR)

(LIMITED REVIEW)

DESCRIPTION OF INSTITUTION'S OPERATIONS

A limited evaluation of BPPR’s performance in MSA 49500 (Yauco, PR) was conducted. According to

the 2015 ACS, Yauco has 2.8% of the total population of Puerto Rico and according to 2020 D&B

information, 1.2% of all business establishments in Puerto Rico. The assessment area had a high

unemployment rate of 11.7% in 2021 and 54.2% of its families below the poverty rate.

Key demographic highlights are listed below:

Assessment Area Demographics – MSA 49500 (Yauco, PR)

Income Category

Tract Distribution

Percentage of Owner-

Occupied Housing Units

by Tract

Percentage of Families

by Income Level

# %

Low Income

0.0%

25.5%

Moderate Income

9.4%

10.6%

14.8%

Middle Income

59.4%

66.9%

17.0%

Upper Income

21.9%

22.4%

42.7%

Unknown

9.4%

0.0%

Total

100.0%

During the evaluation period BPPR had 1.6% of its lending activity in the MSA 49500 (Yauco, PR)

assessment area and maintained four branches. Two of the branches were in LMI census tracts. The four

branches operating in MSA 49500 (Yauco, PR) generated 0.5% of deposits in Puerto Rico as of June 30,

2021. BPPR is the leading bank in the assessment area (one of three) with 68.3% of all deposits.

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN MSA 49500

(YAUCO, PR)

The overall lending test rating for Puerto Rico is High Satisfactory. BPPR’s lending test performance in

the assessment area was generally consistent with this performance. During the evaluation period, the

bank’s lending reflected good geographic distribution and borrower distribution was adequate. Community

Development lending was poor. BPPR originated no community development loans in the assessment

area during the evaluation period. Investment test performance was below the High Satisfactory

performance in Puerto Rico, as the bank did not have any community development investments and made

no grants and donations. Service test performance was consistent with the High Satisfactory rating in Puerto

Rico. The bank operated four branches in the assessment area, of which two were located in LMI census

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

tracts. The institution did not provide any community development services in the assessment area. BPPR’s

performance in MSA 49500 (Yauco, PR) was consistent with its overall performance in Puerto Rico, which

was based on performance in the full-scope assessment areas. Facts and data reviewed, including

performance, can be found in the tables accompanying this report in Appendix A. Conclusions regarding

performance, which did not impact the overall rating, are as follows:

Assessment Area Lending Test Investment Test Service Test

MSA 49500 (Yauco, PR) Consistent

Below

Consistent

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

NON-METROPOLITAN PUERTO RICO

(LIMITED REVIEW)

DESCRIPTION OF INSTITUTION'S OPERATIONS

A limited evaluation of BPPR's performance in the Puerto Rico Non-Metropolitan (“non-metro PR”)

assessment area was conducted. According to the 2015 ACS, the non-metro PR assessment area has 3.5%

of the total population of Puerto Rico and according to D&B information, 1.8% of all business

establishments in Puerto Rico. The assessment area had an unemployment rate of 9.8% in 2021 and 48.4%

of its families below the poverty rate.

Key demographic highlights are listed below:

Assessment Area Demographics – Puerto Rico Non-Metro Assessment Area

Income Category

Tract Distribution

Percentage of Owner-

Occupied Housing

Units by Tract

Percentage of

Families by Income

Level

# %

Low Income

0.0%

27.3%

Moderate Income

21.2%

17.3%

14.2%

Middle Income

54.5%

65.4%

15.7%

Upper Income

12.1%

17.4%

42.8%

Unknown

12.1%

0.0%

Total

100.0%

During the evaluation period BPPR had 2.4% of its lending activity in the Puerto Rico non-metro

assessment area and maintained seven branches. One of the branches was in an LMI census tract. The

seven branches operating in the Puerto Rico non-metro assessment area generated 0.8% of BPPR’s deposits

in Puerto Rico as of June 30, 2021. BPPR was the leading bank in the assessment area (one of two) with

90.4% of all deposits.

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN NON-

METROPOLITAN PUERTO RICO

The overall lending test rating for Puerto Rico is High Satisfactory. BPPR’s lending test performance in

the assessment area was generally consistent with this performance. During the evaluation period, the

bank’s lending reflected good geographic distribution and borrower distribution was adequate. Community

Development lending was at an adequate level. BPPR originated 12 community development loans

totaling $2.8 million, representing 0.3% of all BPPR’s community development loans in the assessment

area during the evaluation period. Investment test performance was below the High Satisfactory

performance in Puerto Rico, as the bank did not have any community development investments and made

only grants and donations of $109,000. Service test performance was consistent with the High Satisfactory

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

rating in Puerto Rico. The bank operated seven branches in the assessment area, of which one was located

in a moderate-income census tract. The institution provided a relatively high level of community

development services in the assessment area.

Facts and data reviewed, including performance, can be found in the tables accompanying this report in

Appendix A. Conclusions regarding performance, which did not impact the overall rating, are as follows:

Assessment Area Lending Test Investment Test Service Test

Non-Metro PR Consistent

Below

Consistent

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

U.S. VIRGIN ISLANDS

CRA RATING FOR U.S. VIRGIN ISLANDS: SATISFACTORY

The Lending Test is rated: Low Satisfactory

The Investment Test is rated: High Satisfactory

The Service Test is rated: High Satisfactory

The major factors supporting the rating include:

LENDING TEST

• Lending levels reflected adequate responsiveness to assessment area credit needs.

• The geographic distribution of loans reflected adequate penetration throughout the assessment area.

• The distribution of borrowers reflected, given the product lines offered, adequate penetration

among customers of different income levels and businesses of different sizes.

• Exhibited an adequate record of serving the credit needs of low-income individuals and areas and

very small businesses.

• Made a relatively high level of community development loans.

• Made limited use of innovative and/or flexible lending practices in serving assessment area credit

needs.

INVESTMENT TEST

• Made a significant level of qualified community development investments and grants, particularly

those not routinely provided by private investors, occasionally in a leadership position.

• Made occasional use of innovative and/or complex investments to support community development

initiatives.

• Exhibited good responsiveness to credit and community development needs.

SERVICE TEST

• Delivery systems were readily accessible to the bank's geographies and individuals of different

income levels in its assessment area.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

• Record of opening and closing of branches did not adversely affect the accessibility of its delivery

systems, particularly to low- and moderate-income geographies and/or LMI individuals.

• Services were tailored to convenience and needs of its assessment area, particularly LMI

geographies and/or LMI individuals.

• Provided an adequate level of community development services.

SCOPE OF EXAMINATION

Examiner evaluation of BPPR’s activities in the USVI consisted of a full-scope review of its USVI

assessment area. BPPR’s USVI full-scope area made up 2.4% of the deposits and 1.1% of the

loans originated in the USVI assessment area during the review period.

DESCRIPTION OF INSTITUTION'S OPERATIONS

BPPR operated eight retail branches in the USVI, representing 4.8% of BPPR’s total branch network. Four

of the branches in the USVI are located in moderate-income geographies. BPPR is one of only five banks

in the USVI Non-Metropolitan assessment area. During the review period, approximately 1.1% of the

bank’s total loans were originated in the USVI. As of June 30, 2021, BPPR’s USVI branches held $1.9

billion in deposits, or 2.4% of the bank’s total deposit volume. BPPR ranks first in deposit market share

(44.5%) ahead of its principal competitor, FirstBank (30.9%). Other banks included Oriental Bank, United

Fidelity Bank, FSB, and Merchants Commercial Bank.

PERFORMANCE CONTEXT

The following demographic and economic information were used to describe the assessment area and to

evaluate the context in which BPPR operates. The information was obtained from publicly available

sources, including the 2006 - 2010 U.S. Census Bureau American Community Survey, 2010 U.S. Census

Bureau, 2015 ACS, U.S. Department of Labor ("DOL"), D&B, FFIEC, USVI Bureau of Economic

Research, USVI Bureau of Labor Statistics, and U.S. Department of Housing and Urban Development

("HUD").

Demographic Characteristics

The USVI assessment area included the islands of St. Croix, St. John, and St. Thomas. The assessment

area comprised all of the USVI. According to the 2015 ACS, the population of the assessment area was

106,405. The assessment area consisted of 32 census tracts, of which one or 3.1% were low-income, seven

or 21.9% were moderate-income, 16 or 50.0% were middle-income, five or 15.6% were upper-income, and

three or 9.4% were of unknown-income.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Income Characteristics

Based on the 2015 ACS data, the USVI assessment area had 26,237 families, of which approximately 2.2%

resided in low-income geographies and 25.3% resided in moderate-income geographies. According to the

2010 census data, approximately 27.0% of families residing in the USVI assessment area were considered

low-income and 12.0% were moderate-income.

The FFIEC median family incomes for the islands comprising the USVI AA as of the 2015 ACS were as

follows:

USVI - Median Family Income

Area

2010 Median

Family Income

2015 Median

Family Income

Percent

Change

USVI AA/Virgin

Islands $45,058 $45,058 0.00%

Source: 2006 - 2010 U.S. Census Bureau American Community Survey

2011 - 2015 U.S. Census Bureau American Community Survey

Median Family Incomes have been inflation-adjusted and are expressed in 2015

dollars.

Housing Characteristics

According to the 2010 Census, the USVI assessment area had 55,901 housing units, of which 37.0% were

owner-occupied, 40.3% were rentals, and 22.7% were vacant. Of the total housing units, 1.6% were located

in low-income tracts, 27.3% in moderate-income tracts, 50.7% in middle-income tracts, 20.4% in upper-

income tracts, and 0.0% in unknown-income tracts.

According to the USVI Bureau of Economic Research, in 2019, the average sales price of condominiums

in the USVI assessment area was $242,175, up 15.8% from $209,183 recorded in 2018. The St. Thomas-

St. John district condominium average price was $279,159 compared to $200,290 one year earlier.

Comparing the MFI to the average home price illustrated the challenges LMI individuals faced in obtaining

affordable housing.

Housing Cost Burden: Data was not available for the USVI.

Labor, Employment and Economic Characteristics

According to D&B data, there were 1,028 businesses operating in the assessment area in 2019, of which

0.1% were located in low-income census tracts and 55.0% were located in moderate-income tracts. Of the

total businesses operating in the assessment area, 82.0% were small businesses with a GAR of $1 million

or less, of which 0.1% were located in low-income geographies and 55.0% were located in moderate-

income geographies.

In 2020, there were 1,614 businesses operating in the assessment area, of which 0.1% were located in low-

income census tracts and 54.5% were located in moderate-income tracts. Of the total businesses operating

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

in the assessment area, 87.9% were small businesses with a GAR of $1 million or less, of which 0.1% were

located in low-income geographies and 54.1% were located in moderate-income geographies.

According to the USVI Bureau of Economic Research, unemployment in the assessment area was 11.1%

in 2016, increased to 12.0% in 2017, decreased to 8.5% in 2018, decreased to 6.1% in 2019, increased to

8.7% in 2020, and increased to 8.8% in 2021.

According to the U.S. Bureau of Economic Analysis, the USVI economy was substantially affected by the

COVID-19 pandemic due to its effects on spending by consumers, visitors, businesses, and governments.

In 2020, exports of services, which historically consisted primarily of spending by visitors, decreased

43.5% and total visitor arrivals declined 58.5%, according to statistics from the USVI government.

Additionally, private fixed investment decreased 27.7%, reflecting declines in business spending on

construction and equipment. However, despite this decline, private-sector investment spending remained

at an elevated level, supported by capital improvement projects ongoing in 2020 to resume oil refinery

operations on St. Croix.

USVI - Unemployment Rates

Area

2016

2017

2018

2019

2020

2021

USVI AA

11.1%

12.0%

8.4%

6.0%

10.1%

8.8%

St. Croix Island, VI

11.1%

11.8%

8.2%

5.4%

8.6%

9.5%

St. John Island/ St. Thomas Island, VI

11.0%

12.1%

8.6%

6.4%

11.2%

8.1%

Source: USVI Bureau of Labor Statistics (BLS), Local Area Unemployment Statistics

CONCLUSIONS WITH RESPECT TO PERFORMANCE TESTS IN U.S. VIRGIN

ISLANDS

LENDING TEST

BPPR’s lending test performance was rated Low Satisfactory. BPPR’s lending levels activity in reflected

adequate responsiveness to assessment area credit needs, the geographic distribution of loans reflected

adequate penetration throughout the assessment area, the distribution of borrowers reflected, given the

product lines offered, adequate penetration among customers of different income levels and businesses of

different sizes, and the bank made a relatively high level of CD loans and made limited use of innovative

and/or flexible lending practices in serving assessment area credit needs.

Lending Activity

Lending activity reflected adequate responsiveness to assessment area credit needs. During the evaluation

period, the bank originated or purchased 36 home purchase loans, 35 refinance loans, six home

improvement loans, and 764 small business loans. Lending activity in the USVI represented approximately

1.0% of the bank’s total lending activity evaluated during this evaluation period.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Volume trends during the evaluation period indicated an annualized decrease in home purchase lending of

14.3%. However, total HMDA-related lending slightly increased by 2.6%. Annualized small business

lending increased by 591.4% in the assessment area.

While BPPR collected and provided loan data for the CRA evaluation, HMDA loan data for loans originated

or purchased in the USVI are not subject to regulatory reporting requirements. As a result, aggregate

analysis was not conducted for HMDA data.

Geographic Distribution of Loans

The geographic distribution of the bank’s HMDA-related lending was adequate based on adequate

penetration in LMI geographies, and the geographic distribution of small business lending was good based

on good penetration in LMI tracts throughout the USVI assessment area.

BPPR’s overall lending in the USVI is limited and HMDA-related lending volumes were insufficient to

analyze on an individual product basis; therefore, HMDA-related lending was analyzed as a group and

small business lending was analyzed separately. Small farm lending volumes were insufficient and

excluded from the analysis. As complete demographic data from the 2010 Census is not available at the

census tract level, the level of HMDA-related lending in LMI census tracts was compared to the percentage

of LMI census tracts. Aggregate HMDA-related lending data were also not available for the USVI.

Home Purchase, Refinance, and Home Improvement Loans

The geographic distribution of the bank’s HMDA-related lending was adequate based penetration in LMI

geographies.

In 2020, no HMDA-related loans were made in the assessment area’s one low-income

census tract, which represented 3.1% of all census tracts. The bank made 22.4% by number and 19.0%

by dollar of HMDA-related loans in moderate-income census tracts, which represented 21.9% of census

tracts in the assessment area.

In 2019, 3.6% by number and 1.2% by dollar of all HMDA-related loans were made in the assessment

area’s one low-income census tract, which represented 3.1% of all census tracts. The bank made 14.3% by

number and 11.6% by dollar of HMDA-related loans in moderate-income census tracts, which represented

21.9% of census tracts in the assessment area.

Small Business Loans

The geographic distribution of small business loans was good based on penetration in both low- and

moderate-income geographies in the assessment area. In 2020, the bank made 0.1% by number and 0.01%

by dollar of small business loans in the assessment area’s one low-income census tract, which represented

3.1% of all census tracts. The bank's small business lending performance in low-income census tracts was

comparable to the demographic of 0.1% of businesses located in low-income census tracts and below the

aggregate lending which made 0.2% by number and 0.3% by dollar of small business loans in low-income

census tracts. The bank made 32.3% by number and 38.8% by dollar of small business loans in moderate-

income census tracts, which represented 21.9% of all census tracts. BPPR’s small business lending

performance in moderate-income census tracts was below the demographic of 54.5% of businesses located

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

in moderate-income census tracts and exceeded the aggregate lending which made 27.4% by number and

35.0% by dollar of small business loans in moderate-income census tracts.

In 2019, the bank did not make any small business loans in the assessment area’s one low-income census

tract, which represented 3.1% of all census tracts which was comparable to the aggregate lending. The

bank made 48.4% by number and 40.6% by dollar of small business loans in moderate-income census tracts,

which represented 21.9% of all census tracts. BPPR’s small business lending performance in moderate-

income census tracts was below the demographic of 54.5% of businesses located in moderate-income

census tracts but exceeded the aggregate lending which made 16.5% by number and 27.5% by dollar of

small business loans in moderate-income census tracts.

Lending to Borrowers of Different Incomes and to Businesses of Different Sizes

The distribution of borrowers reflected, given the product lines offered, adequate penetration among

customers of different income levels and businesses of different sizes. Overall, HMDA lending to LMI

borrowers was adequate and lending to businesses with gross annual revenues of $1 million or less was

adequate.

BPPR’s overall lending in the USVI is limited and HMDA-related lending volumes were insufficient to

analyze on an individual product basis. Therefore, HMDA-related lending was analyzed as one product

group and small business lending was analyzed separately. Aggregate HMDA lending data were not

available for the USVI.

Home Purchase, Refinance, and Home Improvement Loans

The distribution of HMDA loans was adequate based on penetration among LMI borrowers in the

assessment area. Considering performance context factors noted in Housing Characteristics above, BPPR’s

HMDA-related lending performance to low-income borrowers was adequate overall when compared to the

27.0% of families in the USVI who are low-income and to the 12% of families in the USVI who are

moderate-income.

In 2020, the bank originated 2.0% by number and 0.3% by dollar of all HMDA-related loans to low-income

borrowers and 2.0% by number, 0.7% by dollar, to moderate-income borrowers in the assessment area. In

2019, the bank originated 3.6% by number and 1.6% by dollar of all HMDA-related loans to low-income

borrowers and 17.9% by number, 7.9% by dollar, to moderate-income borrowers in the assessment area.

Small Business Loans

The distribution of small business loans to businesses of different sizes was adequate based on penetration

among small businesses in the assessment area. In 2020, the bank originated 11.3% of loans by number and

15.7% by dollar to businesses with gross annual revenues of $1 million or less. The bank's lending to small

businesses was comparable to the aggregate, which made 15.0% by number and 9.0% by dollar and below

the 87.9% percentage of businesses in the assessment area with gross annual revenues of $1 million or less.

The bank also originated 90.1% of loans to assessment area businesses in amounts of $100,000 or less,

which are typically considered more responsive to the credit needs of very small businesses.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

In 2019, the bank originated 57.8% of loans by number and 35.1% by dollar to businesses with gross annual

revenues of $1 million or less. The bank's lending to small businesses exceeded the aggregate, which made

38.0% by number and 29.3% by dollar and below the 82.0% percentage of businesses in the assessment

area with gross annual revenues of $1 million or less. The bank also originated 65.6% of loans to assessment

area businesses in amounts of $100,000 or less, which are typically considered more responsive to the credit

needs of very small businesses.

Community Development Lending

Banco Popular made a relatively high level of community development loans in the USVI. During the

evaluation period, community development lending in the USVI totaled 13 loans for $78.7 million.

On an annualized basis, the bank increased the

dollar amount of loans by 12.8% from the

previous examination in which the bank

originated 25 qualified loans for approximately

$107.8 million. The bank’s lending was

responsive to some of the community

development needs within the USVI. Within the

assessment area, CD lending efforts were

distributed among community services and

revitalization and stabilization. No loans

addressed affordable housing which was

identified as a significant assessment area need.

Examples of community development lending included the following:

• Four loans for $36.3 million to fund critical infrastructure to be provided to LMI individuals and

areas in the USVI.

• A $30 million loan to USVI Public Finance Authority to support the local government of the USVI,

ensuring the ability to continue to provide critical government services in distressed and LMI areas

of the USVI.

INVESTMENT TEST

BPPR’s performance in the USVI is based on the following summary and was rated High Satisfactory. The

bank made a significant level of qualified CD investments and grants, particularly those not routinely

provided by private investors, occasionally in a leadership position. The bank made occasional use of

innovative and/or complex investments to support CD initiatives. The bank exhibited good responsiveness

to credit and CD needs.

During the review period, the bank made 50 qualified CD investments totaling $1.3 million in the

USVI, which included 12 investments totaling $1.0 million and 38 donations totaling $300,000. This

represented an annualized 717.2% increase in investment dollars between the previous and current

examinations.

CD LOANS

U.S. Virgin Islands

PURPOSE

$(000s)

Affordable Housing

Economic Development

Community Services

2,670

Revitalization and Stabilization

76,057

TOTAL

78,725

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

The bank’s CD investments included grants to

responsive and innovative programs geared

towards meeting economic development needs

and other community needs after the natural

disasters and the COVID-19 pandemic.

Examples of CD investments in the USVI

included the following:

• Investments of $1 million in MBS

benefitting the USVI.

• A $2,500 grant to the American Red

Cross of the U.S. Virgin Islands to help

with disaster and emergency response.

• A $5,000 donation to a Small Business Development Center that provided technical assistance to

the USVI business community.

SERVICE TEST

BPPR’s performance under the service test in the USVI is rated High Satisfactory based on delivery systems

that were readily accessible to the bank’s geographies and individuals of different income levels in the

assessment area, changes in branch locations did not adversely affect accessibility, services did not vary in

a way that inconvenienced the needs of the assessment area, and hours and services were tailored to the

convenience and needs of its assessment area. The bank provided an adequate level of community

development services within the assessment area.

Retail Services

BPPR’s delivery systems in the USVI were readily accessible to all geographies of the assessment area,

when compared with the percentage of the assessment area’s population residing in LMI geographies.

BPPR operated eight branches in this assessment area, of which four branches, or 50.0%, were located in

moderate-income areas, compared to 28.8% of the assessment area’s population residing in LMI areas.

Alternative delivery systems somewhat enhanced the bank’s performance in this assessment area. BPPR

used multiple alternative delivery systems, including bank-by-mail, internet banking, mobile banking, and

24/7/365 live customer service.

During the evaluation period, no branches were opened, closed, or relocated. BPPR’s hours and services

were tailored to the convenience and needs of its assessment area. During the review period, the number

of branches with extended hours on Friday increased from zero to seven branches, and Saturday and holiday

hours were available at three branches in this assessment area, one of which was in a moderate-income

geography.

Community Development Services

CD INVESTMENTS

U.S. Virgin Islands

PURPOSE

$(000s)

Affordable Housing

$1,039

Economic Development

Community Services

$243

Revitalization and Stabilization

$40

TOTAL

$1,322

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

BPPR provided an adequate level of community development services in the USVI. The bank provided 18

qualified CD service activities which included five board and committee memberships and provided an

educational seminar to entry-level entrepreneurs, small businesses, and individuals thinking about starting

a business through the Virgin Islands Small Business Development Center.

CD SERVICES

U.S. Virgin Islands

Activity Type

Number of

Activities

Board & Committee Memberships 5

Technical Assistance 2

Seminars and Other Services 11

Total Community Development Services 18

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

APPENDIX A

HMDA & Small Business Distribution Reports

Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography

Assessment Area: MSA 41980

Geographic

Income Level

Bank And Aggregate Loans By Year

Owner

Occupied

Units %

2019 2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

Home Purchase Loans

Low 30 1.0 1.7 2,398 0.5 1.2 18 0.6 1.6 1,876 0.3 1.1 1.8

Moderate 389 12.7 14.5 47,121 9.6 11.2 383 13.2 16.5 49,707 9.2 12.8 24.4

Middle 1,064 34.6 36.2 127,421 26.0 29.4 987 34.1 37.2 131,519 24.4 30.8 41.2

Upper 1,583 51.5 47.4 313,194 63.8 57.8 1,502 51.9 44.4 355,543 65.9 54.8 32.6

Unknown 6 0.2 0.3 815 0.2 0.3 4 0.1 0.3 839 0.2 0.4 0.1

Total 3,072 100.0 100.0 490,949 100.0 100.0 2,894 100.0 100.0 539,484 100.0 100.0 100.0

Refinance Loans

Low 6 1.1 1.2 354 0.5 0.8 3 0.3 0.8 260 0.1 0.4 1.8

Moderate 65 12.3 15.7 10,818 13.9 14.0 102 9.0 12.1 17,682 7.4 9.4 24.4

Middle 186 35.2 36.1 19,625 25.2 29.1 310 27.3 30.3 41,099 17.1 21.8 41.2

Upper 270 51.1 46.4 46,968 60.3 55.7 717 63.1 56.3 180,137 75.1 68.0 32.6

Unknown 1 0.2 0.6 80 0.1 0.4 4 0.4 0.4 775 0.3 0.4 0.1

Total 528 100.0 100.0 77,845 100.0 100.0 1,136 100.0 100.0 239,953 100.0 100.0 100.0

Home Improvement Loans

Low 0 0.0 0.0 0 0.0 0.0 2 3.6 2.8 221 2.5 2.0 1.8

Moderate 15 38.5 29.6 1,116 35.2 24.7 9 16.1 13.9 1,127 12.5 10.8 24.4

Middle 11 28.2 33.8 826 26.1 31.7 20 35.7 36.1 2,704 30.0 31.1 41.2

Upper 13 33.3 36.6 1,228 38.7 43.7 25 44.6 47.2 4,966 55.1 56.2 32.6

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.1

Total 39 100.0 100.0 3,170 100.0 100.0 56 100.0 100.0 9,018 100.0 100.0 100.0

Multifamily Loans

Multi-

family

Units %

Low 0 0.0 0.0 0 0.0 0.0 1 20.0 12.5 10,300 45.0 44.2 10.5

Moderate 0 0.0 10.0 0 0.0 0.4 0 0.0 0.0 0 0.0 0.0 16.3

Middle 3 60.0 40.0 33,025 69.3 67.5 2 40.0 50.0 5,002 21.9 22.9 25.4

Upper 2 40.0 50.0 14,616 30.7 32.2 2 40.0 37.5 7,590 33.2 32.9 46.8

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 1.0

Total 5 100.0 100.0 47,641 100.0 100.0 5 100.0 100.0 22,892 100.0 100.0 100.0

Total Home Mortgage Loans

Owner

Occupied

Units %

Low 58 1.1 1.6 4,162 0.6 1.1 123 1.1 1.4 20,509 1.3 1.3 1.8

Moderate 766 14.3 15.3 78,346 10.5 11.8 1,792 15.5 16.4 174,549 11.2 12.7 24.4

Middle 1,926 36.1 36.5 225,721 30.1 30.7 4,320 37.4 37.2 452,368 29.0 30.6 41.2

Upper 2,573 48.2 46.2 440,044 58.7 56.0 5,292 45.8 44.7 906,849 58.2 55.0 32.6

Unknown 17 0.3 0.4 1,263 0.2 0.4 23 0.2 0.3 3,081 0.2 0.4 0.1

Total 5,340 100.0 100.0 749,536 100.0 100.0 11,550 100.0 100.0 1,557,356 100.0 100.0 100.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography

Assessment Area: MSA 41980

Geographic

Income Level

Bank And Aggregate Loans By Year

Owner

Occupied

Units %

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #%

$(000)

$% $% # #% #%

$(000)

$% $%

Other Purpose LOC

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 1.8

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 24.4

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 41.2

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 32.6

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.1

Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0

Other Purpose Closed/Exempt

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 1.8

Moderate 0 0.0 13.9 0 0.0 10.0 0 0.0 16.4 0 0.0 13.6 24.4

Middle 0 0.0 39.1 0 0.0 30.5 0 0.0 32.8 0 0.0 27.4 41.2

Upper 0 0.0 46.1 0 0.0 58.0 0 0.0 50.7 0 0.0 59.0 32.6

Unknown 0 0.0 0.9 0 0.0 1.5 0 0.0 0.0 0 0.0 0.0 0.1

Total 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 100.0

Purpose Not Applicable

Low 22 1.3 1.3 1,410 1.1 1.1 99 1.3 1.5 7,852 1.1 1.3 1.8

Moderate 297 17.5 18.8 19,291 14.8 16.5 1,298 17.4 18.0 106,033 14.2 15.3 24.4

Middle 662 39.0 38.3 44,824 34.5 33.6 3,001 40.2 40.2 272,044 36.5 36.6 41.2

Upper 705 41.6 40.5 64,038 49.3 47.9 3,046 40.8 40.0 358,613 48.1 46.5 32.6

Unknown 10 0.6 1.1 368 0.3 0.9 15 0.2 0.3 1,467 0.2 0.3 0.1

Tract-Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

Total

1,696

100.0

129,931

100.0

7,459

100.0

746,009

100.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level

Assessment Area: MSA 41980

Borrower Income

Level

Bank And Aggregate Loans By Year

Families by

Family

Income %

2019 2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

Home Purchase Loans

Low 14 0.5 0.8 621 0.1 0.3 8 0.3 0.5 398 0.1 0.2 26.5

Moderate 87 2.8 7.5 6,287 1.3 3.9 64 2.2 7.7 5,101 0.9 4.0 15.0

Middle 199 6.5 15.2 18,326 3.7 10.1 119 4.1 15.3 11,408 2.1 9.9 15.7

Upper 1,158 37.7 58.2 247,973 50.5 68.9 856 29.6 53.8 239,349 44.4 63.5 42.8

Unknown 1,614 52.5 18.2 217,742 44.4 16.8 1,847 63.8 22.7 283,228 52.5 22.4 0.0

Total 3,072 100.0 100.0 490,949 100.0 100.0 2,894 100.0 100.0 539,484 100.0 100.0 100.0

Refinance Loans

Low 10 1.9 3.4 563 0.7 1.7 4 0.4 0.6 196 0.1 0.2 26.5

Moderate 37 7.0 9.5 2,673 3.4 5.5 25 2.2 4.3 2,066 0.9 2.0 15.0

Middle 63 11.9 16.7 5,379 6.9 11.1 68 6.0 8.3 6,523 2.7 4.5 15.7

Upper 305 57.8 56.7 51,930 66.7 66.6 718 63.2 58.5 174,399 72.7 67.3 42.8

Unknown 113 21.4 13.7 17,300 22.2 15.1 321 28.3 28.2 56,769 23.7 26.0 0.0

Total 528 100.0 100.0 77,845 100.0 100.0 1,136 100.0 100.0 239,953 100.0 100.0 100.0

Home Improvement Loans

Low 3 7.7 4.2 165 5.2 2.8 1 1.8 1.4 29 0.3 0.3 26.5

Moderate 6 15.4 15.5 326 10.3 12.0 1 1.8 1.4 70 0.8 0.6 15.0

Middle 7 17.9 22.5 520 16.4 19.1 0 0.0 4.2 0 0.0 1.6 15.7

Upper 18 46.2 50.7 1,734 54.7 58.9 14 25.0 34.7 2,837 31.5 39.1 42.8

Unknown 5 12.8 7.0 425 13.4 7.2 40 71.4 58.3 6,082 67.4 58.4 0.0

Total 39 100.0 100.0 3,170 100.0 100.0 56 100.0 100.0 9,018 100.0 100.0 100.0

Total Home Mortgage Loans

Low 27 0.5 1.0 1,349 0.2 0.4 13 0.1 0.3 623 0.0 0.1 26.5

Moderate 130 2.4 6.7 9,286 1.3 3.7 90 0.8 4.2 7,237 0.5 2.5 15.0

Middle 269 5.0 13.2 24,225 3.5 9.3 187 1.6 8.3 17,931 1.2 6.0 15.7

Upper 1,481 27.8 49.4 301,637 43.0 62.3 1,588 13.8 34.1 416,585 27.1 46.6 42.8

Unknown 3,428 64.3 29.7 365,398 52.1 24.1 9,667 83.7 53.0 1,092,088 71.2 44.7 0.0

Total 5,335 100.0 100.0 701,895 100.0 100.0 11,545 100.0 100.0 1,534,464 100.0 100.0 100.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Multifamily loans are not included in the borrower distribution analysis.

Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Assessment Area: MSA 41980

Borrower

Income Level

Bank And Aggregate Loans By Year

Families

by Family

Income %

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #%

$(000)

$% $% # #% #%

$(000)

$% $%

Other Purpose LOC

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 26.5

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.0

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.7

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 42.8

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0

Other Purpose Closed/Exempt

Low 0 0.0 1.7 0 0.0 0.7 0 0.0 0.0 0 0.0 0.0 26.5

Moderate 0 0.0 10.4 0 0.0 5.8 0 0.0 14.9 0 0.0 9.3 15.0

Middle 0 0.0 17.4 0 0.0 11.4 0 0.0 11.9 0 0.0 7.9 15.7

Upper 0 0.0 60.0 0 0.0 71.6 0 0.0 67.2 0 0.0 76.3 42.8

Unknown 0 0.0 10.4 0 0.0 10.5 0 0.0 6.0 0 0.0 6.6 0.0

Total 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 100.0

Purpose Not Applicable

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 26.5

Moderate 0 0.0 0.0 1,696 1.3 0.0 0 0.0 0.0 7,459 1.0 0.0 15.0

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.7

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 42.8

Unknown 1,696 100.0 100.0 0 0.0 100.0 7,459 100.0 100.0 0 0.0 100.0 0.0

Total

1,696

100.0

129,931

100.0

7,459

100.0

746,009

100.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Distribution of 2019 and 2020 Small Business Lending By Income Level of Geography

Assessment Area: MSA 41980

Geographic

Income Level

Bank And Aggregate Loans By Year

Total

Businesses %

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

$(000)

Low

300

4.6

3.3

22,742

4.2

3.4

865

3.5

3.2

43,446

4.0

3.6

4.6

Moderate

1,362

20.9

16.4

107,353

19.9

17.6

4,477

18.3

16.9

194,964

17.9

17.5

23.0

Middle 1,912 29.4 24.0 148,367 27.5 27.0 7,069 28.9 27.4 287,018 26.4 25.9 23.5

Upper 2,881 44.2 46.8 253,395 47.0 49.3 11,889 48.6 50.1 547,440 50.4 51.1 47.6

Unknown

0.9

0.8

6,926

1.3

1.4

154

0.6

0.7

13,902

1.3

1.5

1.3

Tract-Unknown

0.0

8.5

0.0

1.3

0.0

1.7

0.0

0.4

Total

6,511

100.0

538,783

100.0

24,454

100.0

1,086,770

100.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Distribution of 2019 and 2020 Small Business Lending By Revenue Size of Businesses

Assessment Area: MSA 41980

Bank And Aggregate Loans By Year

Total

Businesses%

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

By Revenue

$1 Million

or Less

4,458

68.5 55.6 230,491 42.8 37.6 8,579 35.1 30.0 315,099 29.0 23.1 77.7

Over $1

Million

1,774

27.2 281,402 52.2 3,219 13.2 511,598 47.1 21.0

Revenue

Unknown

279

4.3 26,890 5.0 12,656 51.8 260,073 23.9 1.3

Total 6,511 100.0 538,783 100.0 24,454 100.0 1,086,770 100.0 100.0

By Loan Size

$100,000 or

Less

5,389 82.8 86.6 188,908 35.1 32.1 22,277 91.1 90.5 464,716 42.8 39.8

$100,001 -

$250,000

711

10.9 7.7 132,626 24.6 21.8 1,420 5.8 6.0 241,558 22.2 21.8

$250,001 -

$1 Million

411

6.3 5.7 217,249 40.3 46.1 757 3.1 3.5 380,496 35.0 38.4

Total 6,511 100.0 100.0 538,783 100.0 100.0 24,454 100.0 100.0 1,086,770 100.0 100.0

By Loan Size and Revenues $1 Million or Less

$100,000 or

Less

4,072

91.3

122,513

53.2

8,094

94.3

191,615

60.8

$100,001 -

$250,000

252

5.7

43,615

18.9

336

3.9

56,083

17.8

$250,001 - $1

Million

134

3.0

64,363 27.9

149

1.7

67,401 21.4

Total

4,458

100.0

230,491

100.0

8,579

100.0

315,099

100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Distribution of 2019 and 2020 Small Farm Lending By Income Level of Geography

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Assessment Area: MSA 41980

Geographic

Income

Level

Bank And Aggregate Loans By Year

Total

Farms

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

Low 1 1.9 1.8 49 0.8 0.7 7 1.7 1.7 516 4.0 3.9 2.6

Moderate 17 31.5 35.1 703 11.2 14.9 106 25.2 25.3 2,332 18.1 20.3 43.6

Middle 21 38.9 36.8 2,693 42.9 41.1 144 34.2 34.0 4,917 38.2 37.2 29.9

Upper 15 27.8 26.3 2,830 45.1 43.2 162 38.5 38.5 5,082 39.5 38.5 23.9

Unknown 0 0.0 0.0 0 0.0 0.0 2 0.5 0.5 20 0.2 0.2 0.0

Total 54 100.0 100.0 6,275 100.0 100.0 421 100.0 100.0 12,867 100.0 100.0 100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Distribution of 2019 and 2020 Small Farm Lending By Revenue Size of Farms

Assessment Area: MSA 41980

Bank And Aggregate Loans By Year

Total

Farms

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

$(000)

By Revenue

$1 Million

or Less

36 66.7 66.7 1,619 25.8 28.1 109 25.9 26.2 2,979 23.2 25.2 94.9

Over $1

Million

16 29.6

4,439

70.7

9.0

5,198

40.4

5.1

Revenue

Unknown

2 3.7

217

3.5

274

65.1

4,690

36.4

0.0

Total

100.0

6,275

100.0

421

100.0

12,867

100.0

By Loan Size

$100,000

or Less

38 70.4 70.2 1,446 23.0 23.8 390 92.6 92.4 6,148 47.8 46.5

$100,001 -

$250,000

8 14.8 15.8 1,570 25.0 26.4 21 5.0 5.0 3,076 23.9 23.3

$250,001 -

$500,000

8 14.8 14.0 3,259 51.9 49.8 10 2.4 2.6 3,643 28.3 30.2

Total

100.0

6,275

100.0

421

100.0

12,867

100.0

By Loan Size and Revenues $1 Million or Less

$100,000

or Less

33 91.7

1,074

66.3

102

93.6

1,833

61.5

$100,001 -

$250,000

3 8.3

545

33.7

5.5

757

25.4

$250,001 -

$500,000

0 0.0

0.9

389 13.1

Total

100.0

1,619

100.0

109

100.0

2,979

100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography

Assessment Area: MSA 10380

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Geographic

Income

Level

Bank And Aggregate Loans By Year

Owner

Occupied

Units %

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

Home Purchase Loans

Low 1 0.4 0.5 60 0.2 0.4 1 0.5 1.1 44 0.2 0.5 0.9

Moderate 28 12.1 14.9 3,075 11.0 13.9 37 18.6 15.4 3,971 14.8 12.7 19.3

Middle 128 55.4 54.3 16,277 58.0 56.2 100 50.3 55.4 14,344 53.5 57.6 56.9

Upper 74 32.0 30.3 8,668 30.9 29.4 61 30.7 28.1 8,473 31.6 29.2 22.9

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 231 100.0 100.0 28,080 100.0 100.0 199 100.0 100.0 26,832 100.0 100.0 100.0

Refinance Loans

Low 0 0.0 0.9 0 0.0 1.3 1 1.2 1.6 92 0.9 1.0 0.9

Moderate 8 19.0 15.9 688 13.4 13.6 10 12.3 14.7 1,084 11.1 11.0 19.3

Middle 22 52.4 58.6 2,980 58.2 60.0 45 55.6 58.4 5,445 55.9 63.1 56.9

Upper 12 28.6 24.5 1,454 28.4 25.1 25 30.9 25.3 3,122 32.0 24.9 22.9

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 42 100.0 100.0 5,122 100.0 100.0 81 100.0 100.0 9,743 100.0 100.0 100.0

Home Improvement Loans

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.9

Moderate 2 33.3 30.0 142 35.3 35.0 0 0.0 0.0 0 0.0 0.0 19.3

Middle 2 33.3 50.0 190 47.3 54.2 3 75.0 68.8 354 78.0 56.2 56.9

Upper 2 33.3 20.0 70 17.4 10.8 1 25.0 31.3 100 22.0 43.8 22.9

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 6 100.0 100.0 402 100.0 100.0 4 100.0 100.0 454 100.0 100.0 100.0

Multifamily Loans

Multi-

family

Units %

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 2.7

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 29.8

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 51.6

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.9

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0

Total Home Mortgage Loans

Owner

Occupied

Units %

Low 2 0.5 0.7 107 0.3 0.7 2 0.3 1.0 136 0.2 0.6 0.9

Moderate 55 14.8 15.9 4,858 12.0 14.2 121 18.0 16.5 11,109 15.6 13.6 19.3

Middle 202 54.3 54.6 23,662 58.6 57.0 327 48.7 53.6 36,092 50.7 56.5 56.9

Upper 113 30.4 28.8 11,763 29.1 28.2 222 33.0 29.0 23,840 33.5 29.4 22.9

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Tract-

Unknown

0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

Total 372 100.0 100.0 40,390 100.0 100.0 672 100.0 100.0 71,177 100.0 100.0 100.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level

Assessment Area: MSA 10380

Borrower

Income

Level

Bank And Aggregate Loans By Year

Families

Family

Income

2019 2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

Home Purchase Loans

Low 0 0.0 0.1 0 0.0 0.1 1 0.5 0.3 28 0.1 0.1 26.4

Moderate 5 2.2 2.3 321 1.1 1.1 5 2.5 2.6 364 1.4 1.2 14.7

Middle 25 10.8 11.5 2,116 7.5 7.5 11 5.5 9.5 912 3.4 5.7 15.9

Upper 132 57.1 75.8 17,901 63.8 82.1 113 56.8 76.2 16,896 63.0 82.0 43.0

Unknown 69 29.9 10.2 7,742 27.6 9.2 69 34.7 11.4 8,632 32.2 10.9 0.0

Total 231 100.0 100.0 28,080 100.0 100.0 199 100.0 100.0 26,832 100.0 100.0 100.0

Refinance Loans

Low 0 0.0 1.8 0 0.0 0.5 0 0.0 0.3 0 0.0 0.0 26.4

Moderate 1 2.4 5.9 65 1.3 2.7 0 0.0 4.1 0 0.0 1.9 14.7

Middle 1 2.4 17.3 38 0.7 11.0 4 4.9 9.1 342 3.5 5.6 15.9

Upper 34 81.0 70.0 4,417 86.2 80.5 68 84.0 70.3 8,189 84.1 75.0 43.0

Unknown 6 14.3 5.0 602 11.8 5.4 9 11.1 16.3 1,212 12.4 17.4 0.0

Total 42 100.0 100.0 5,122 100.0 100.0 81 100.0 100.0 9,743 100.0 100.0 100.0

Home Improvement Loans

Low 1 16.7 10.0 25 6.2 3.9 0 0.0 0.0 0 0.0 0.0 26.4

Moderate 1 16.7 10.0 45 11.2 6.9 0 0.0 6.3 0 0.0 2.1 14.7

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 6.3 0 0.0 4.8 15.9

Upper 4 66.7 80.0 332 82.6 89.2 1 25.0 68.8 44 9.7 73.6 43.0

Unknown 0 0.0 0.0 0 0.0 0.0 3 75.0 18.8 410 90.3 19.6 0.0

Total 6 100.0 100.0 402 100.0 100.0 4 100.0 100.0 454 100.0 100.0 100.0

Total Home Mortgage Loans

Low 1 0.3 0.5 25 0.1 0.1 1 0.1 0.2 28 0.0 0.1 26.4

Moderate 7 1.9 2.9 431 1.1 1.4 5 0.7 2.2 364 0.5 1.2 14.7

Middle 26 7.0 11.8 2,154 5.3 7.9 15 2.2 6.6 1,254 1.8 4.4 15.9

Upper 170 45.7 66.0 22,650 56.1 75.3 182 27.1 52.8 25,129 35.3 62.9 43.0

Unknown 168 45.2 18.8 15,130 37.5 15.3 469 69.8 38.2 44,402 62.4 31.5 0.0

Total 372 100.0 100.0 40,390 100.0 100.0 672 100.0 100.0 71,177 100.0 100.0 100.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Multifamily loans are not included in the borrower distribution analysis.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level

Assessment Area: MSA 10380

Borrower

Income

Level

Bank And Aggregate Loans By Year

Families

Family

Income

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

Other Purpose LOC

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 26.4

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 14.7

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.9

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 43.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0

Other Purpose Closed/Exempt

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 26.4

Moderate 0 0.0 3.8 0 0.0 3.6 0 0.0 11.1 0 0.0 3.9 14.7

Middle 0 0.0 34.6 0 0.0 28.7 0 0.0 0.0 0 0.0 0.0 15.9

Upper 0 0.0 53.8 0 0.0 55.6 0 0.0 77.8 0 0.0 89.3 43.0

Unknown 0 0.0 7.7 0 0.0 12.1 0 0.0 11.1 0 0.0 6.8 0.0

Total 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 100.0

Purpose Not Applicable

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 26.4

Moderate 0 0.0 0.0 93 1.4 0.0 0 0.0 0.0 388 1.1 0.0 14.7

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.9

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 43.0

Unknown 93 100.0 100.0 0 0.0 100.0 388 100.0 100.0 0 0.0 100.0 0.0

Total 93 100.0 100.0 6,786 100.0 100.0 388 100.0 100.0 34,148 100.0 100.0 100.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Distribution of 2019 and 2020 Small Business Lending By Income Level of Geography

Assessment Area: MSA 10380

Geographic

Income

Level

Bank And Aggregate Loans By Year

Total

Businesses

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

$(000)

Low

2.5

3.3

1,249

2.2

2.4

3.0

3.1

2,480

2.4

2.3

9.8

Moderate

182

19.3

17.4

12,391

21.5

22.1

486

18.2

17.4

19,873

19.5

19.1

9.7

Middle

516

54.8

49.4

31,354

54.3

52.2

1,453

54.3

54.1

53,694

52.7

53.6

47.2

Upper

220

23.4

21.2

12,759

22.1

20.8

655

24.5

23.9

25,904

25.4

24.2

33.4

Tract-

Unknown

0 0.0 8.7 0 0.0 2.4 0 0.0 1.5 0 0.0 0.9

Total

942

100.0

57,753

100.0

2,674

100.0

101,951

100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Distribution of 2019 and 2020 Small Business Lending By Revenue Size of Businesses

Assessment Area: MSA 10380

Bank And Aggregate Loans By Year

Total

Businesses

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

By Revenue

$1 Million

or Less

706 74.9 66.8 27,664 47.9 48.4 1,198 44.8 39.4 38,122 37.4 33.6 87.8

Over $1

Million

193 20.5 24,843 43.0 338 12.6 44,350 43.5 11.2

Revenue

Unknown

43 4.6 5,246 9.1 1,138 42.6 19,479 19.1 1.0

Total

942 100.0 57,753 100.0 2,674 100.0 101,951 100.0 100.0

By Loan Size

$100,000

or Less

827 87.8 88.1 23,874 41.3 38.5 2,478 92.7 92.6 48,607 47.7 47.1

$100,001 -

$250,000

76 8.1 7.7 13,822 23.9 24.6 128 4.8 4.8 21,994 21.6 21.9

$250,001 -

$1 Million

39 4.1 4.2 20,057 34.7 37.0 68 2.5 2.6 31,350 30.8 31.0

Total

942 100.0 100.0 57,753 100.0 100.0 2,674 100.0 100.0 101,951 100.0 100.0

By Loan Size and Revenues $1 Million or Less

$100,000

or Less

659 93.3 16,168 58.4 1,144 95.5 24,339 63.8

$100,001 -

$250,000

37 5.2 6,480 23.4 37 3.1 5,753 15.1

$250,001 -

$1 Million

10 1.4 5,016 18.1 17 1.4 8,030 21.1

Total

706 100.0 27,664 100.0 1,198 100.0 38,122 100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Distribution of 2019 and 2020 Small Farm Lending By Income Level of Geography

Assessment Area: MSA 10380

Geographic

Income

Level

Bank And Aggregate Loans By Year

Total

Farms

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

$(000)

Low

6.9

6.3

500

22.2

16.0

8.8

8.7

1,169

27.6

27.1

33.3

Moderate

34.5

31.3

740

32.8

23.7

27.7

27.5

1,661

39.2

38.5

2.4

Middle

48.3

53.1

943

41.9

58.0

48.6

49.0

1,179

27.9

29.3

38.1

Upper

10.3

9.4

3.1

2.2

14.9

14.8

224

5.3

5.2

26.2

Unknown

0.0

Total

100.0

2,253

100.0

148

100.0

4,233

100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

Distribution of 2019 and 2020 Small Farm Lending By Revenue Size of Farms

Assessment Area: MSA 10380

Bank And Aggregate Loans By Year

Total

Farms

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

By Revenue

$1 Million

or Less

24 82.8 84.4 1,480 65.7 75.2 67 45.3 45.6 2,484 58.7 59.5 95.2

Over $1

Million

3 10.3

720

32.0

6.1

762

18.0

4.8

Revenue

Unknown

2 6.9

2.4

48.6

987

23.3

0.0

Total

29 100.0

2,253 100.0

148 100.0

4,233 100.0

100.0

By Loan Size

$100,000

or Less

23 79.3 75.0 643 28.5 23.4 139 93.9 94.0 2,329 55.0 55.9

$100,001 -

$250,000

3 10.3 9.4 510 22.6 16.3 6 4.1 4.0 962 22.7 22.3

$250,001 -

$500,000

3 10.3 15.6 1,100 48.8 60.3 3 2.0 2.0 942 22.3 21.8

Total

29 100.0 100.0 2,253 100.0 100.0 148 100.0 100.0 4,233 100.0 100.0

By Loan Size and Revenues $1 Million or Less

$100,000

or Less

20 83.3

520

35.1

94.0

1,564

63.0

$100,001 -

$250,000

2 8.3

360

24.3

3.0

320

12.9

$250,001 -

$500,000

2 8.3

600 40.5

3.0

600 24.2

Total

24 100.0

1,480 100.0

67 100.0

2,484 100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

100

Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography

Assessment Area: MSA 38660

Geographic

Income

Level

Bank And Aggregate Loans By Year

Owner

Occupied

Units

(OOU) %

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

Home Purchase Loans

Low 4 2.3 1.5 243 1.4 0.9 3 2.2 3.1 146 0.8 1.8 3.9

Moderate 17 9.9 12.3 1,311 7.3 11.0 9 6.5 10.0 960 5.6 7.8 20.4

Middle 55 32.0 32.4 5,504 30.7 31.3 50 36.2 34.8 5,534 32.1 31.5 37.9

Upper

95 55.2 53.2 10,830 60.4 56.4 76 55.1 51.6 10,604 61.5 58.7 37.4

Unknown 1 0.6 0.7 45 0.3 0.4 0 0.0 0.5 0 0.0 0.2 0.4

Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

Total 172 100.0 100.0 17,933 100.0 100.0 138 100.0 100.0 17,244 100.0 100.0 100.0

Refinance Loans

Low 0 0.0 0.7 0 0.0 0.6 1 1.8 3.0 54 0.7 4.1 3.9

Moderate 1 2.9 12.1 131 3.8 20.7 2 3.6 8.0 208 2.5 4.9 20.4

Middle

42.9

34.0

1,226

35.2

28.4

33.9

35.4

2,038

24.8

32.5

37.9

Upper 18 51.4 52.5 2,093 60.0 50.0 34 60.7 53.6 5,934 72.1 58.4 37.4

Unknown 1 2.9 0.7 36 1.0 0.2 0 0.0 0.0 0 0.0 0.0 0.4

Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

Total 35 100.0 100.0 3,486 100.0 100.0 56 100.0 100.0 8,234 100.0 100.0 100.0

Home Improvement Loans

Low 0 0.0 0.0 0 0.0 0.0 1 33.3 25.0 35 9.5 7.0 3.9

Moderate

0 0.0 0.0 0 0.0 0.0 0 0.0 25.0 0 0.0 25.8 20.4

Middle 0 0.0 16.7 0 0.0 15.9 0 0.0 0.0 0 0.0 0.0 37.9

Upper 2 100.0 83.3 133 100.0 84.1 2 66.7 50.0 334 90.5 67.2 37.4

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.4

Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

Total 2 100.0 100.0 133 100.0 100.0 3 100.0 100.0 369 100.0 100.0 100.0

Multifamily Loans

Multi-

family

Units %

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 27.7

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 22.4

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 25.0

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 22.7

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 2.2

Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

Total

0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0

Total Home Mortgage Loans

OOU

Low

6 1.8 1.5 316 1.1 1.0 22 2.7 2.9 1,220 1.7 2.3 3.9

Moderate 33 9.9 12.1 2,067 7.2 12.3 76 9.5 10.2 4,825 6.6 7.6 20.4

Middle 115 34.6 32.8 9,410 32.6 31.3 286 35.6 35.2 24,351 33.4 33.0 37.9

Upper 176 53.0 53.0 16,954 58.8 55.0 411 51.2 50.9 42,204 57.8 56.8 37.4

Unknown

0.6

0.3

0.4

1.0

0.7

382

0.5

0.3

0.4

Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

Total 332 100.0 100.0 28,828 100.0 100.0 803 100.0 100.0 72,982 100.0 100.0 100.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

101

Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography

Assessment Area: MSA 38660

Geographic

Income

Level

Bank And Aggregate Loans By Year

Owner

Occupied

Units %

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

Other Purpose LOC

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 3.9

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 20.4

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 37.9

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 37.4

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.4

Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0

Other Purpose Closed/Exempt

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 3.9

Moderate 0 0.0 13.3 0 0.0 14.5 0 0.0 0.0 0 0.0 0.0 20.4

Middle 0 0.0 33.3 0 0.0 36.1 0 0.0 20.0 0 0.0 16.6 37.9

Upper 0 0.0 53.3 0 0.0 49.3 0 0.0 80.0 0 0.0 83.4 37.4

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.4

Total 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 100.0

Purpose Not Applicable

Low 2 1.6 2.6 73 1.0 2.1 17 2.8 2.6 985 2.1 1.9 3.9

Moderate 15 12.2 11.7 625 8.6 9.0 65 10.7 11.3 3,657 7.8 8.8 20.4

Middle 45 36.6 33.8 2,680 36.8 35.2 217 35.8 35.9 16,779 35.6 35.7 37.9

Upper 61 49.6 51.3 3,898 53.6 52.7 299 49.3 49.0 25,332 53.7 52.9 37.4

Unknown 0 0.0 0.6 0 0.0 1.0 8 1.3 1.2 382 0.8 0.7 0.4

Total

123

100.0

7,276

100.0

606

100.0

47,135

100.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

102

Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level

Assessment Area: MSA 38660

Borrower

Income

Level

Bank And Aggregate Loans By Year

Families

Family

Income

2019 2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

Home Purchase Loans

Low 0 0.0 0.2 0 0.0 0.1 0 0.0 0.2 0 0.0 0.0 28.7

Moderate 8 4.7 5.6 534 3.0 3.3 2 1.4 3.6 176 1.0 2.2 12.8

Middle 29 16.9 16.0 2,419 13.5 12.0 4 2.9 13.1 256 1.5 8.7 15.2

Upper 87 50.6 66.9 9,795 54.6 73.1 51 37.0 60.8 7,733 44.8 68.6 43.3

Unknown 48 27.9 11.3 5,185 28.9 11.5 81 58.7 22.4 9,079 52.7 20.5 0.0

Total 172 100.0 100.0 17,933 100.0 100.0 138 100.0 100.0 17,244 100.0 100.0 100.0

Refinance Loans

Low 0 0.0 0.7 0 0.0 0.3 0 0.0 0.0 0 0.0 0.0 28.7

Moderate 3 8.6 7.1 140 4.0 3.9 0 0.0 3.8 0 0.0 2.1 12.8

Middle 3 8.6 14.2 167 4.8 8.2 4 7.1 8.0 259 3.1 5.1 15.2

Upper 28 80.0 70.2 3,093 88.7 79.5 40 71.4 53.2 6,080 73.8 59.5 43.3

Unknown 1 2.9 7.8 86 2.5 8.0 12 21.4 35.0 1,895 23.0 33.4 0.0

Total 35 100.0 100.0 3,486 100.0 100.0 56 100.0 100.0 8,234 100.0 100.0 100.0

Home Improvement Loans

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 28.7

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 12.8

Middle 0 0.0 16.7 0 0.0 15.9 0 0.0 0.0 0 0.0 0.0 15.2

Upper 2 100.0 83.3 133 100.0 84.1 0 0.0 25.0 0 0.0 25.8 43.3

Unknown 0 0.0 0.0 0 0.0 0.0 3 100.0 75.0 369 100.0 74.2 0.0

Total 2 100.0 100.0 133 100.0 100.0 3 100.0 100.0 369 100.0 100.0 100.0

Total Home Mortgage Loans

Low 0 0.0 0.2 0 0.0 0.1 0 0.0 0.1 0 0.0 0.0 28.7

Moderate 11 3.3 4.9 674 2.3 3.1 2 0.2 2.0 176 0.2 1.4 12.8

Middle 32 9.6 13.3 2,586 9.0 10.4 8 1.0 6.6 515 0.7 5.2 15.2

Upper 117 35.2 56.3 13,021 45.2 66.4 91 11.3 32.7 13,813 18.9 43.6 43.3

Unknown 172 51.8 25.4 12,547 43.5 20.0 702 87.4 58.5 58,478 80.1 49.7 0.0

Total 332 100.0 100.0 28,828 100.0 100.0 803 100.0 100.0 72,982 100.0 100.0 100.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Multifamily loans are not included in the borrower distribution analysis.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

103

Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level

Assessment Area: MSA 38660

Borrower

Income

Level

Bank And Aggregate Loans By Year

Families

Family

Income

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

Other Purpose LOC

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 28.7

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 12.8

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.2

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 43.3

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0

Other Purpose Closed/Exempt

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 28.7

Moderate 0 0.0 6.7 0 0.0 8.5 0 0.0 0.0 0 0.0 0.0 12.8

Middle 0 0.0 26.7 0 0.0 32.1 0 0.0 60.0 0 0.0 55.9 15.2

Upper 0 0.0 60.0 0 0.0 51.9 0 0.0 40.0 0 0.0 44.1 43.3

Unknown 0 0.0 6.7 0 0.0 7.5 0 0.0 0.0 0 0.0 0.0 0.0

Total 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 0 0.0 100.0 100.0

Purpose Not Applicable

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 28.7

Moderate 0 0.0 0.0 123 1.7 0.0 0 0.0 0.0 606 1.3 0.0 12.8

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 15.2

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 43.3

Unknown 123 100.0 100.0 0 0.0 100.0 606 100.0 100.0 0 0.0 100.0 0.0

Total 123 100.0 100.0 7,276 100.0 100.0 606 100.0 100.0 47,135 100.0 100.0 100.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Distribution of 2019 and 2020 Small Business Lending By Income Level of Geography

Assessment Area: MSA 38660

Geographic

Income

Level

Bank And Aggregate Loans By Year

Total

Businesses

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

$(000)

Low

5.2

6.2

3,234

8.2

9.6

4.1

4.6

6,291

7.5

6.1

9.7

Moderate

131

21.9

20.6

8,969

22.6

21.2

380

19.6

20.2

15,745

18.8

19.9

32.2

Middle

159

26.5

22.0

10,115

25.5

23.1

530

27.3

25.8

17,892

21.3

23.5

24.1

Upper

264

44.1

41.1

16,731

42.2

42.3

904

46.6

45.8

42,144

50.3

47.3

30.0

Unknown

2.3

10.1

566

1.4

3.8

2.4

3.6

1,786

2.1

3.2

3.9

Total

599

100.0

39,615

100.0

1,941

100.0

83,858

100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

104

Distribution of 2019 and 2020 Small Business Lending By Revenue Size of Businesses

Assessment Area: MSA 38660

Bank And Aggregate Loans By Year

Total

Businesses

2019 2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

By Revenue

$1 Million or

Less

425

71.0 58.4 21,018 53.1 46.0 779 40.1 34.4 31,156 37.2 28.2 82.6

Over $1

Million

143 23.9 15,952 40.3 287 14.8 34,738 41.4 16.7

Revenue

Unknown

5.2 2,645 6.7 875 45.1 17,964 21.4 0.7

Total 599 100.0 39,615 100.0 1,941 100.0 83,858 100.0 100.0

By Loan Size

$100,000 or

Less

525

87.6 88.5 17,840 45.0 40.4 1,783 91.9 91.8 39,758 47.4 45.7

$100,001 -

$250,000

8.2 7.5 8,432 21.3 21.8 98 5.0 5.0 15,821 18.9 18.4

$250,001 - $1

Million

4.2 4.0 13,343 33.7 37.8 60 3.1 3.2 28,279 33.7 36.0

Total 599 100.0 100.0 39,615 100.0 100.0 1,941 100.0 100.0 83,858 100.0 100.0

By Loan Size and Revenues $1 Million or Less

$100,000 or

Less

389 91.5 11,065 52.6 736 94.5 17,996 57.8

$100,001 -

$250,000

5.6 4,161 19.8 25 3.2 4,066 13.1

$250,001 - $1

Million

2.8 5,792 27.6 18 2.3 9,094 29.2

Total 425 100.0 21,018 100.0 779 100.0 31,156 100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Distribution of 2019 and 2020 Small Farm Lending By Income Level of Geography

Assessment Area: MSA 38660

Geographic

Income

Level

Bank And Aggregate Loans By Year

Total

Farms

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

$(000)

Low

0.0

Moderate

0.0

52.5

185

30.4

30.8

Middle

100.0

75.0

100.0

96.0

27.5

227

37.3

23.1

Upper

0.0

20.0

196

32.2

46.2

Unknown

0.0

Tract-Unk

0.0

25.0

0.0

4.0

0.0

Total

100.0

608

100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

105

Distribution of 2019 and 2020 Small Farm Lending By Revenue Size of Farms

Assessment Area: MSA 38660

Bank And Aggregate Loans By Year

Total

Farms

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

By Revenue

$1 Million

or Less

3 100.0 100.0 95 100.0 100.0 8 20.0 20.0 214 35.2 35.2 92.3

Over $1

Million

0.0

7.7

Revenue

Unknown

0 0.0

0.0

80.0

394

64.8

0.0

Total 3 100.0

95 100.0

40 100.0

608 100.0

100.0

By Loan Size

$100,000 or

Less

100.0 100.0 95 100.0 100.0 39 97.5 97.5 507 83.4 83.4

$100,001 -

$250,000

0.0 0.0 0 0.0 0.0 1 2.5 2.5 101 16.6 16.6

$250,001 -

$500,000

0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

Total 3 100.0 100.0 95 100.0 100.0 40 100.0 100.0 608 100.0 100.0

By Loan Size and Revenues $1 Million or Less

$100,000 or

Less

100.0

214

100.0

$100,001 -

$250,000

0 0.0

0.0

$250,001 -

$500,000

0.0

0 0.0

0.0

0 0.0

Total

100.0

214

100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

106

Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography

Assessment Area: USVI

Geographic

Income Level

Bank And Aggregate Loans By Year

Owner Occupied

Units %

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

Home Purchase Loans

Low 1 8.3 0.0 64 3.7 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Moderate 3 25.0 0.0 521 30.4 0.0 4 16.7 17.9 622 18.9 16.7 0.0

Middle 5 41.7 0.0 496 28.9 0.0 12 50.0 41.1 1,774 54.0 49.8 0.0

Upper 3 25.0 0.0 635 37.0 0.0 8 33.3 25.0 893 27.2 23.0 0.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 16.1 0 0.0 10.5 0.0

Total 12 100.0 0.0 1,715 100.0 0.0 24 100.0 100.0 3,288 100.0 100.0 0.0

Refinance Loans

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Moderate 1 10.0 0.0 75 5.1 0.0 7 28.0 46.2 1,487 19.0 41.8 0.0

Middle 8 80.0 0.0 1,188 80.6 0.0 9 36.0 38.5 2,846 36.3 42.1 0.0

Upper 1 10.0 0.0 212 14.4 0.0 9 36.0 15.4 3,503 44.7 16.1 0.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

Total 10 100.0 0.0 1,475 100.0 0.0 25 100.0 100.0 7,835 100.0 100.0 0.0

Home Improvement Loans

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Middle 4 66.7 0.0 1,313 67.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Upper 2 33.3 0.0 648 33.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

Total 6 100.0 0.0 1,960 100.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Multifamily Loans

Multi-family

Units %

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total Home Mortgage Loans

Owner Occupied

Units %

Low 1 3.6 0.0 64 1.2 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Moderate 4 14.3 100.0 596 11.6 100.0 11 22.4 23.2 2,108 19.0 23.0 0.0

Middle 17 60.7 0.0 2,998 58.2 0.0 21 42.9 40.6 4,620 41.5 47.9 0.0

Upper 6 21.4 0.0 1,495 29.0 0.0 17 34.7 23.2 4,396 39.5 21.3 0.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 13.0 0 0.0 7.9 0.0

Tract-Unk 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

Total 28 100.0 100.0 5,152 100.0 100.0 49 100.0 100.0 11,123 100.0 100.0 0.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

107

Distribution of 2019 and 2020 Home Mortgage Lending By Income Level of Geography

Assessment Area: USVI

Geographic

Income Level

Bank And Aggregate Loans By Year

Owner

Occupied Units

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #%

$(000)

$% $% # #% #%

$(000)

$% $%

Other Purpose LOC

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Other Purpose Closed/Exempt

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Purpose Not Applicable

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Moderate 0 0.0 100.0 0 0.0 100.0 0 0.0 0.0 0 0.0 0.0 0.0

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total

0.0

100.0

0.0

100.0

0.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

108

Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level

Assessment Area: USVI

Borrower

Income Level

Bank And Aggregate Loans By Year

Families by

Family Income %

2019 2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

Home Purchase Loans

Low 1 8.3 0.0 81 4.7 0.0 1 4.2 0.0 30 0.9 0.0 0.0

Moderate 3 25.0 0.0 219 12.8 0.0 1 4.2 3.6 80 2.4 1.5 0.0

Middle 3 25.0 0.0 565 32.9 0.0 6 25.0 5.4 623 18.9 3.3 0.0

Upper 5 41.7 0.0 851 49.6 0.0 16 66.7 91.1 2,556 77.7 95.2 0.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 12 100.0 0.0 1,715 100.0 0.0 24 100.0 100.0 3,288 100.0 100.0 0.0

Refinance Loans

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Moderate 2 20.0 0.0 190 12.9 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Middle 3 30.0 0.0 345 23.4 0.0 4 16.0 15.4 806 10.3 12.4 0.0

Upper 5 50.0 0.0 940 63.7 0.0 21 84.0 84.6 7,029 89.7 87.6 0.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 10 100.0 0.0 1,475 100.0 0.0 25 100.0 100.0 7,835 100.0 100.0 0.0

Home Improvement Loans

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Upper 6 100.0 0.0 1,961 100.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 6 100.0 0.0 1,960 100.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total Home Mortgage Loans

Low 1 3.6 0.0 81 1.6 0.0 1 2.0 0.0 30 0.3 0.0 0.0

Moderate 5 17.9 0.0 409 7.9 0.0 1 2.0 2.9 80 0.7 1.1 0.0

Middle 6 21.4 0.0 910 17.7 0.0 10 20.4 7.2 1,429 12.8 5.6 0.0

Upper 16 57.1 0.0 3,752 72.8 0.0 37 75.5 89.9 9,585 86.2 93.3 0.0

Unknown 0 0.0 100.0 0 0.0 100.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 28 100.0 100.0 5,152 100.0 100.0 49 100.0 100.0 11,123 100.0 100.0 0.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Multifamily loans are not included in the borrower distribution analysis.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

109

Distribution of 2019 and 2020 Home Mortgage Lending By Borrower Income Level

Assessment Area: USVI

Borrower

Income Level

Bank And Aggregate Loans By Year

Families by

Family Income

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #%

$(000)

$% $% # #% #%

$(000)

$% $%

Other Purpose LOC

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Other Purpose Closed/Exempt

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Unknown 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Purpose Not Applicable

Low 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Moderate 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Middle 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Upper 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0.0

Unknown 0 0.0 100.0 0 0.0 100.0 0 0.0 0.0 0 0.0 0.0 0.0

Total 0 0.0 100.0 0 0.0 100.0 0 0.0 0.0 0 0.0 0.0 0.0

Source: 2020 FFIEC Census Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Distribution of 2019 and 2020 Small Business Lending By Income Level of Geography

Assessment Area: USVI

Geographic

Income

Level

Bank And Aggregate Loans By Year

Total

Businesses

2019 2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

Low

0.0

0.1

0.2

0.0

0.3

0.1

Moderate

48.4

16.5

3,863

40.6

27.5

226

32.3

27.4

11,816

38.8

35.0

54.5

Middle

35.9

17.2

4,510

47.4

42.4

352

50.3

41.7

14,248

46.7

46.4

32.6

Upper

15.6

4.0

1,142

12.0

5.0

121

17.3

11.6

4,424

14.5

12.3

12.9

Unknown

0.0

62.3

0.0

25.0

0.0

19.0

0.0

6.0

0.0

Total

100.0

9,515

100.0

700

100.0

30,490

100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

110

Distribution of 2019 and 2020 Small Business Lending By Revenue Size of Businesses

Assessment Area: USVI

Bank And Aggregate Loans By Year

Total

Businesses

2019 2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

By Revenue

Million

or Less

37 57.8 38.0 3,341 35.1 29.3 79 11.3 15.0 4,774 15.7 9.0 87.9

Over $1

Million

24 37.5

4,734

49.8

8.4

10,390

34.1

10.5

Revenue

Unknown

3 4.7

1,440

15.1

562

80.3

15,326

50.3

1.6

Total

100.0

9,515

100.0

700

100.0

30,490

100.0

By Loan Size

$100,000

or Less

42 65.6 94.2 2,130 22.4 41.0 631 90.1 89.2 12,053 39.5 39.1

$100,001 -

$250,000

9 14.1 2.9 1,577 16.6 15.6 46 6.6 7.5 7,653 25.1 26.7

$250,001 -

Million

13 20.3 2.8 5,808 61.0 43.5 23 3.3 3.3 10,784 35.4 34.3

Total

100.0

9,515

100.0

700

100.0

30,490

100.0

By Loan Size and Revenues $1 Million or Less

$100,000

or Less

28 75.7

1,222

36.6

88.6

2,346

49.1

$100,001 -

$250,000

5 13.5

715

21.4

6.3

822

17.2

$250,001 -

Million

4 10.8

1,404 42.0

5.1

1,606 33.6

Total

100.0

3,341

100.0

4,774

100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Distribution of 2019 and 2020 Small Farm Lending By Income Level of Geography

Assessment Area: USVI

Geographic

Income

Level

Bank And Aggregate Loans By Year

Total

Farms

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

$(000)

Low

0.0

5.6

Moderate

0.0

25.0

22.0

50.0

Middle

0.0

33.3

39.2

22.2

Upper

0.0

41.7

38.7

22.2

Unknown

0.0

Total

0.0

100.0

186

100.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

111

Distribution of 2019 and 2020 Small Farm Lending By Revenue Size of Farms

Assessment Area: USVI

Bank And Aggregate Loans By Year

Total

Farms

2019

2020

Bank

Agg

Bank

Agg

Bank

Agg

Bank

Agg

# #% #% $(000) $% $% # #% #% $(000) $% $%

By Revenue

Million

or Less

0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 100.0

Over $1

Million

0.0

8.3

17.7

0.0

Revenue

Unknown

0.0

91.7

153

82.3

0.0

Total 0 0.0

0 0.0

12 100.0

186 100.0

100.0

By Loan Size

$100,000

or Less

0.0 0.0 0 0.0 0.0 12 100.0 100.0 186 100.0 100.0

$100,001 -

$250,000

0 0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

$250,001 -

$500,000

0.0 0.0 0 0.0 0.0 0 0.0 0.0 0 0.0 0.0

Total 0 0.0 0.0 0 0.0 0.0 12 100.0 100.0 186 100.0 100.0

By Loan Size and Revenues $1 Million or Less

$100,000

or Less

0.0

$100,001 -

$250,000

0.0

$250,001 -

$500,000

0.0

0 0.0

0.0

0 0.0

Total 0 0.0

0 0.0

Source: 2020 FFIEC Census Data

2020 Dun & Bradstreet Data

2011-2015 U.S. Census Bureau: American Community Survey

Note: Percentages may not total 100.0 percent due to rounding.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

112

APPENDIX B

SCOPE OF EXAMINATION TABLE

SCOPE OF EXAMINATION

TIME PERIOD REVIEWED

Lending: January 1, 2019 – December 31, 2020

Community Development Activity: July 1, 2019 through March 31, 2022

FINANCIAL

INSTITUTION

Banco Popular de Puerto

Rico

209 Munoz Rivera Avenue

San Juan, PR

PRODUCTS REVIEWED

Home Purchase

Refinancing

Home Improvement

Small Business

Small Farm

AFFILIATE(S)

AFFILIATE

RELATIONSHIP

PRODUCTS REVIEWED

Popular Mortgage Inc.

Bank Subsidiary

• Mortgage Originations

Popular Auto, Inc.

Bank Subsidiary

LIST OF ASSESSMENT AREAS AND TYPE OF EXAMINATION

ASSESSMENT AREA

TYPE OF

EXAMINATION

BRANCHES

VISITED

OTHER

INFORMATION

PUERTO RICO

MSA 41980 (San Juan-Bayamón-Caguas, PR)

MSA 10380 (Aguadilla-Isabela, PR)

MSA 38660 (Ponce, PR)

MSA 11640 (Arecibo, PR)

MSA 25020 (Guayama, PR)

MSA 32420 (Mayagüez, PR)

MSA 41900 (San Germán, PR)

MSA 49500 (Yauco, PR)

Non-Metropolitan Area

Full-scope Review

Limited-scope Review

None

U.S. VIRGIN ISLANDS

Non-metro Islands of St. Thomas, St. Croix,

and St. John

Full-scope Review

None

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

113

APPENDIX C

SUMMARY OF ASSESSMENT AREA RATINGS

STATE

LENDING

TEST RATING

INVESTMENT

TEST RATING

SERVICE

TEST RATING

OVERALL

RATING

Puerto Rico High Satisfactory High Satisfactory High Satisfactory Satisfactory

U.S. Virgin Islands Low Satisfactory High Satisfactory High Satisfactory Satisfactory

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

114

APPENDIX D

ASSESSMENT AREA MAP

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

115

APPENDIX E

GLOSSARY

Aggregate lending: The number of loans originated and purchased by all reporting lenders in specified

income categories as a percentage of the aggregate number of loans originated and purchased by all

reporting lenders in the metropolitan area/assessment area.

Census tract: A small, relatively permanent statistical subdivision of a county or statistically equivalent

entity delineated for data presentation purposes by a local group of census data users or the geographic staff

of a regional census center in accordance with Census Bureau guidelines. Designed to be relatively

homogeneous units with respect to population characteristics, economic status, and living conditions at the

time they are established, census tracts generally contain between 1,000 and 8,000 people, with an optimum

size of 4,000 people. Census tract boundaries are delineated with the intention of being stable over many

decades, so they generally follow relatively permanent visible features. However, they may follow

governmental unit boundaries and other invisible features in some instances; the boundary of a state or

county (or statistically equivalent entity) is always a census tract boundary.

Community development: Affordable housing (including multifamily rental housing) for low- or

moderate-income individuals; community services targeted to low- or moderate-income individuals;

activities that promote economic development by financing businesses or farms that meet the size eligibility

standards of the Small Business Administration's Development Company or Small Business Investment

Company programs (13 CFR 121.301) or have gross annual revenues of $1 million or less; or, activities

that revitalize or stabilize low- or moderate-income geographies.

Effective September 1, 2005, the Board of Governors of the Federal Reserve System, Office of the

Comptroller of the Currency, and the Federal Deposit Insurance Corporation have adopted the following

additional language as part of the revitalize or stabilize definition of community development. Activities

that revitalize or stabilize-

1. Low-or moderate-income geographies;

2. Designated disaster areas; or

3. Distressed or underserved nonmetropolitan middle-income geographies designated by the Board,

Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency, based on-

a. Rates of poverty, unemployment, and population loss; or

b. Population size, density, and dispersion. Activities that revitalize and stabilize geographies

designated based on population size, density, and dispersion if they help to meet essential

community needs, including needs of low- and moderate-income individuals.

Consumer loan(s): A loan(s) to one or more individuals for household, family, or other personal

expenditures. A consumer loan does not include a home mortgage, small business, or small farm loan. This

definition includes the following categories: motor vehicle loans, credit card loans, home equity loans, other

secured consumer loans, and other unsecured consumer loans.

Distressed or Underserved Non-Metropolitan Middle-Income Area: A middle-income,

nonmetropolitan geography that is distressed due to economic factors, such as unemployment levels,

poverty, or population loss, or is underserved based on population size, density and dispersion.

Family: A family is a group of two or more people related by birth, marriage, or adoption and residing

together; all such people (including related subfamily members) are considered as members of one family.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

116

Full Review: Performance under the Lending, Investment, and Service Tests is analyzed considering

performance context, quantitative factors (for example, geographic distribution, borrower distribution, and

total number and dollar amount of investments), and qualitative factors (for example, innovativeness,

complexity, and responsiveness).

Geography: A census tract delineated by the United States Bureau of the Census in the most recent

decennial census.

Home Mortgage Disclosure Act (HMDA): The statute that requires certain mortgage lenders that do

business or have banking offices in a metropolitan statistical area to file annual summary reports of their

mortgage lending activity. The reports include such data as the race, gender, and income of applicants, the

amount of loan requested, and the disposition of the application (e.g., approved, denied, and withdrawn).

Home mortgage loans: Includes home purchase and home improvement loans as defined in the HMDA

regulation. This definition also includes multifamily (five or more families) dwelling loans, loans for the

purchase of manufactured homes, and loans to refinance home improvement and home purchase loans.

Household: A household consists of all the people who occupy a housing unit. A household includes the

related family members and all the unrelated people, if any, such as lodgers, foster children, wards, or

employees who share the housing unit. A person living alone in a housing unit, or a group of unrelated

people sharing a housing unit such as partners or roomers, is also counted as a household. The count of

households excludes group quarters.

Limited-scope review: Performance is analyzed using only quantitative factors.

Low-income: Individual income that is less than 50 percent of the area median income, or a median family

income that is less than 50 percent, in the case of a geography.

Market share: The number of loans originated and purchased by the institution as a percentage of the

aggregate number of loans originated and purchased by all reporting lenders in the metropolitan

area/assessment area.

Metropolitan area (MA): A metropolitan statistical area (MSA) or a metropolitan division (MD) as

defined by the Office of Management and Budget. A MSA is a core area containing at least one urbanized

area of 50,000 or more inhabitants, together with adjacent communities having a high degree of economic

and social integration with that core. A MD is a division of a MSA based on specific criteria including

commuting patterns. Only a MSA that has a population of at least 2.5 million may be divided into MDs.

Middle-income: Individual income that is at least 80 percent and less than 120 percent of the area median

income, or a median family income that is at least 80 percent and less than 120 percent, in the case of a

geography.

Moderate-income: Individual income that is at least 50 percent and less than 80 percent of the area median

income, or a median family income that is at least 50 percent and less than 80 percent, in the case of a

geography.

Multifamily: Refers to a residential structure that contains five or more units.

Other products: Includes any unreported optional category of loans for which the institution collects and

maintains data for consideration during the CRA evaluation. Examples of such activity include consumer

loans and other loan data an institution may provide concerning its lending performance.

Banco Popular de Puerto Rico CRA Public Evaluation

San Juan, PR June 21, 2022

117

Owner-occupied units: Includes units occupied by the owner or co-owner, even if the unit has not been

fully paid for or is mortgaged.

Qualified investment: A qualified investment is defined as any lawful investment, deposit, membership

share, or grant that has as its primary purpose community development.

Rated area: A rated area is a state or multistate metropolitan area. For an institution with domestic branches

in only one state, the institution's CRA rating would be the state rating. If an institution maintains domestic

branches in more than one state, the institution will receive a rating for each state in which those branches

are located. If an institution maintains domestic branches in two or more states within a multistate

metropolitan area, the institution will receive a rating for the multistate metropolitan area.

Small loan(s) to business(es): A loan included in 'loan to small businesses' as defined in the Consolidated

Report of Condition and Income (Call Report) and the Thrift Financial Reporting (TFR) instructions. These

loans have original amounts of $1 million or less and typically are either secured by nonfarm or

nonresidential real estate or are classified as commercial and industrial loans. However, thrift institutions

may also exercise the option to report loans secured by nonfarm residential real estate as 'small business

loans' if the loans are reported on the TFR as nonmortgage, commercial loans.

Small loan(s) to farm(s): A loan included in 'loans to small farms' as defined in the instructions for

preparation of the Consolidated Report of Condition and Income (Call Report). These loans have original

amounts of $500,000 or less and are either secured by farmland or are classified as loans to finance

agricultural production and other loans to farmers.

Upper-income: Individual income that is more than 120 percent of the area median income, or a median

family income that is more than 120 percent, in the case of a geography.

(CO) (RE) # #

BRANCH #

BRANCH NAME

ADDRESS CITY STATE ZIP

# OF

ATMS

TO WHICH ADDED DEDUCTED

BRANCH

# ST MSA CO TRACT LMI CODE DATE CODE DATE (#)

SC Other

1 72 10380 003 4305.01 U 086

AGUADA AVE. NATIVO ALERS DESVIO SUR AGUADA PR

00602 2

8:00-4:00 cut-off

4:00

8:30-4:00

8:00-12:00 √ 0 0

2 72 10380 005 4003.00 U 082

RAMEY

PUNTA BORINQUEN WEST PARADE 17 - ANTIGUA BASE

RAMEY

AGUADILLA PR 00604 2

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00 9:00-12:00 √ 0 0

3 72 10380 005 4015.00 MO 178

AGUADILLA SUR INSULAR CARR. 2 KM 129 HM 2, BO VICTORIA AGUADILLA PR 00603 2

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00 0 0

4 72 10380 005 4012.00 U 383

AGUADILLA MALL

AGUADILLA MALL SHOPPING CENTER, CARR 2 KM 126

HM 5 CAMINO LOS CORAZONES

AGUADILLA PR 00603 1

8:00-4:00 cut-off

4:00

Drive-thru

9:00-1:00 9:00-1:00 √ 1 0

5 72 10380 011 8106.00 U 141

AÑASCO CARR. 2 KM 143 HM 3 ESQ. CARR. 402, BO. CARACOL AÑASCO PR 00610 1

8:00-4:00 cut-off

4:00

8:00-4:00

9:00-12:00

√ 0 0

6 72 10380 071 4105.00 U 083

ISABELA

PLAZOLETA DE ISABELA BARRIO MORA CARRETERA 4494

ESTE KM 1 INT 2

ISABELA PR 00662 1

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00 0 0

7 72 10380 081 9580.01 MI 156

LARES 562 AVE. LOS PATRIOTAS LARES PR 00669 1

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00

√ 0 0

8 72 10380 099 4202.00 MI 085

MOCA 108 CALLE JOSE CALAZAN LASALLE MOCA PR 00676 1

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:30 8:00-12:00

√ 0 0

9 72 10380 117 9595.00 U 087

RINCON

CARR. 115 KM 12 HM 4 CALLE ALBIZUS CAMPOS, BO.

PUEBLO

RINCON PR 00677 2

8:00-4:00 cut-off

4:00

8:00-4:30

9:00-12:00 0 0

10 72 10380 131 9595.00 MI 079

SAN SEBASTIAN CARR. 111 INT. 446 KM 18 HM 0, BO. GUATEMALA SAN SEBASTIAN PR 00685 2

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00

8:00-12:00

√ 0 0

11 72 10380 141 9573.00 MI 066

UTUADO 59 CALLE DR. CUETO UTUADO PR 00641 1

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00

√ 0 0

10380 Aguadilla-Isabela

1 0

12 72 25020 015 2802.02 MO 214

ARROYO CARR. 753 ESQ. CARR. 3 ARROYO PR 00714 1

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00 0 0

13 72 25020 057 2703.00 MI 078

GUAYAMA MALL

CARR. 3 KM 134 HM 9, GUAYAMA MALL AVE. LOS

VETERANOS

GUAYAMA PR 00784 2

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00

√ 1 0

14 72 25020 109 2902.00 MI 136

PATILLAS 33 CALLE MUÑOZ RIVERA ESQ. CALLE IGLESIAS PATILLAS PR 00723 2

8:00-4:00 cut-off

4:00

8:00-4:00 0 0

25020 Guayama

1 0

15 72 11640 013 3010.00 MI 166

ARECIBO HIGHWAY

CARR. 2 KM 80 HM 4, PLAZA DEL ATLANTICO, BO. SAN

DANIEL

ARECIBO PR 00612 1

8:00-4:00

Drive-thru

8:00-4:00 8:00-12:00 √ 1 0

16 72 11640 013 3013.00 L 227

ARECIBO SAN LUIS 614 AVE. SAN LUIS INTERSECCION AVE. ROTARIO ARECIBO PR 00612 2

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00 8:00-12:00 √ 0 0

17 72 11640 013 3003.02 U 157

ARECIBO

AEROPUERTO

CARR. 2 KM 69.8, BO. SANTANA ARECIBO PR 00612 2

8:00 a.m. - 4:00 p.m.

8:00-4:00

8:00-12:00 √ 0 1

18 72 11640 027 3201.00 MI 069

CAMUY AVE. MUÑOZ RIVERA 160 OESTE CAMUY PR 00627 2

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00 8:00-12:00 √ 0 0

19 72 11640 065 3102.00 MI 068

HATILLO CARR. 2 KM 86 HM 6, BO. PUEBLO HATILLO PR 00659 2

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00 √ 0 0

20 72 11640 115 3302.00 MO 084

QUEBRADILLAS 108 CALLE HONORIO HERNANDEZ QUEBRADILLAS PR 00678 1

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00 0 0

11640

Arecibo 1 1

21 72 32420 067 8201.01 MI 172

HORMIGUEROS CAR. 2 KM 164 HM 5, BO. LAVADERO HORMIGUEROS PR 00660 2

8:00-4:00 cut-off

4:00

0 0

22 72 32420 097 0806.00 L 088

MAYAGUEZ SUAU 1 CALLE SUAU ESQ. POST MAYAGUEZ PR 00680 2

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00

8:00-12:00 √ 0 0

23 72 32420 097 0801.00 MO 148

RECINTO

UNIVERSITARIO

MAYAGUEZ (RUM)

CARR. 2 CALLE POST 259 NORTE MAYAGUEZ PR 00680 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 1

24 72 32420 097 0820.12 MI 173

MAYAGUEZ MALL

CENTRO

975 AVE. HOSTOS SUITE 290 MAYAGUEZ PR 00680 2

9:00-4:00 M-Thu

cut off - Friday 9:00-

5:00

9:00-5:30 9:00-1:00

11:00-

2:00

9:00-1:00 √ 1 0

HOLIDAYS DEPÓSITO FÁCIL

GEOCODING DATE OPENED (O) CONSOLIDATED (CO)

ACQUIRED (A)

RELOCATED (RE)

SUN.

Branches Locations & Hrs - As of March 2023

BRANCHES

ATMS

EXTENDED HOURS INDICATOR

DATE CLOSED (CL)

MORNINGS/

EVENINGS

TELLER ONLY SAME

DAY TRANSACTION

SAT.

(CO) (RE) # #

BRANCH #

BRANCH NAME

ADDRESS CITY STATE ZIP

# OF

ATMS

TO WHICH ADDED DEDUCTED

BRANCH

# ST MSA CO TRACT LMI CODE DATE CODE DATE (#)

SC Other

HOLIDAYS DEPÓSITO FÁCIL

GEOCODING DATE OPENED (O) CONSOLIDATED (CO)

ACQUIRED (A)

RELOCATED (RE)

SUN.

Branches Locations & Hrs - As of March 2023

BRANCHES

ATMS

EXTENDED HOURS INDICATOR

DATE CLOSED (CL)

MORNINGS/

EVENINGS

TELLER ONLY SAME

DAY TRANSACTION

SAT.

72 32420 097 0806.00 L 206

MAYAGUEZ MENDEZ

VIGO

15 CALLE MENDEZ VIGO MAYAGUEZ PR 00680 CL 02/10/23 1

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00 0 0

25 72 32420 097 0820.12 MI 255

MAYAGUEZ MALL

SUR

CARR. 2 HORMIGUEROS, MAYAGUEZ MALL MAYAGUEZ PR 00680 2

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00

√ 1 0

26 72 32420 097 0806.00

392 MAYAGUEZ PLAZA 53 CALLE MCKINLEY ESTE MAYAGUEZ PR 00680 1

8:00-4:00 cut-off

4:00

0 0

32420 Mayaguez

2 1

27 72 38660 075 7105.00 MO 163

JUANA DIAZ 90 CALLE COMERCIO JUANA DIAZ PR 00795 1

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00 √ 0 0

28 72 38660 113 0712.00 MO 071

PONCE PLAZA

PLAZA DEGETAU ESQ. CALLE COMERCIO, EDIF. PONCE

PLAZA

PONCE PR 00731 1

8:00-4:00 cut-off

4:00

8:00-4:00 1 0

29 72 38660 113 0721.01 MO 121

PLAZA DEL CARIBE CENTRO COMERCIAL PLAZA DEL CARIBE (PRIMER NIVEL) PONCE PR 00731 2

9:00-5:00 M-Th cut-

off Friday 9:00-6:00

9:00-4:00

9:00-1:00

11:00-

2:00

9:00-1:00 √ 1 0

30 72 38660 113 0705.02 MI 134

PONCE RAMBLA CARR. 14, LA RAMBLA SHOPPING CENTER PONCE PR 00731 1

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00

8:00-12:00 √ 1 0

31 72 38660 113 0719.00 L 220

CENTRO DEL SUR

MALL

CENTRO DE SUR MALL, 1497 AVE BOULEVARD MIGUEL

POU

PONCE PR 00731 2

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00 √ 1 0

32 72 38660 113 0730.10 U 243

PONCE TOWNE

CENTER

AVE. MARUCA, LOCAL 3A BO. CANAS CARR. 2 PONCE PR 00731 2 8:00-4:00 9:00-1:00 √ 1 0

33 72 38660 113 0730.10 U 395

PONCE TOWN

CENTER SUR

CENTRO COMERCIAL PONCE TOWNE CENTER, CARR. 2

KM 222 HM 4

PONCE PR 00731 2

8:00-4:00 9:00-1:00 √ 1 0

34 72 38660 113 0725.00 MI 275

PONCE EL MONTE EL MONTE TOWN CENTER CARR. 14 KM 6 HM 0 PONCE PR 00780 2 8:00 - 4:00 8:00 - 4:00

8:00 -

12:00

√ 1 0

35 72 38660 149 7204.00 MI 127

VILLALBA 69 CALLE MUÑOZ RIVERA VILLALBA PR 00766 1

8:00-4:00 cut-off

4:00

8:00-4:00

9:00-1:00 0 0

38660 Ponce

7 0

36 72 41900

023 8303.00

U 390

CABO ROJO LA

HACIENDA

BO. MIRADERO CARR. 100 KM 7.5 CABO ROJO PR 00623 2

8:00-4:00 cut-off

4:00

Drive-thru

8:00-12:00 √ 0 0

37 72 41900 079 8502.00 MO 316

LAJAS 34 CALLE 65 DE INFANTERIA LAJAS PR 00667 2

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00

8:00-12:00

0 0

38 72 41900 121 9606.00 MO 319

SABANA GRANDE 8 AVE. VICENTE QUILICHINI SABANA GRANDE PR 00637 2

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00

8:00-12:00

√ 0 0

39 72 41900 125 8405.00 U 089

PLAZA DEL OESTE

PLAZA DEL OESTE SHOPPING CENTER, 397 CARR. 2 AVE.

CASTO PÉREZ

SAN GERMAN PR 00683 1

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00

9:00-12:00

1 0

41900 San Germán

1 0

40 72 41980 007 2303.00 MO 045

AGUAS BUENAS 20 CALLE MUÑOZ RIVERA AGUAS BUENAS PR 00703 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 0

41 72 41980 009 2505.00 MI 211

AIBONITO CARR. 14 KM 51 HM 3, BO.ROBLES AIBONITO PR 00705 2

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00

√ 0 0

42 72 41980 017 5903.00 MO 065

BARCELONETA

PRIME OUTLET

CARR. 2 KM 54 HM 8 & CARR. 140, BO. FLORIDA AFUERA BARCELONETA PR 00617 2

9:00-4:00 cut-off

5:00

8:00-4:00 9:00-1:00

11:00-

2:00

9:00-1:00 √ 1 0

43 72 41980 017 5903.00 MO 070

CRUCE DAVILA CARR. 2 KM 57 HM 3, SECTOR CRUCE DAVILA BARCELONETA PR 00617 2

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00 √ 0 0

44 72 41980 019 9525.00 MI 212

BARRANQUITAS

CARR. 156 KM 17 HM 1, CENTRO COMERCIAL PLAZA SAN

CRISTOBAL

BARRANQUITAS PR 00794 2

8:00-4:00 cut-off

4:00

8:00-4:00 1 0

45 72 41980 021 0316.11 MI 050

LOMAS VERDES 1A-100 AVE. LOMAS VERDES, ROYAL PALM BAYAMON PR 00956 2

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00 √ 0 0

46 72 41980 021 0315.01 MI 052

BAYAMON CENTER

URB FLAMBOYAN GARDENS, 300 AVE. DR RAMON L.

RODRIGUEZ

BAYAMON PR 00959 3

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00 8:00-12:00 √ 0 0

47 72 41980 021 0303.00 MI 115

SANTA ROSA SANTA ROSA SHOPPING, CARR. 2 BAYAMON PR 00959

8:00-4:00 cut-off

4:00

8:00-4:00 8:00-12:00 √ 1 0

(CO) (RE) # #

BRANCH #

BRANCH NAME

ADDRESS CITY STATE ZIP

# OF

ATMS

TO WHICH ADDED DEDUCTED

BRANCH

# ST MSA CO TRACT LMI CODE DATE CODE DATE (#)

SC Other

HOLIDAYS DEPÓSITO FÁCIL

GEOCODING DATE OPENED (O) CONSOLIDATED (CO)

ACQUIRED (A)

RELOCATED (RE)

SUN.

Branches Locations & Hrs - As of March 2023

BRANCHES

ATMS

EXTENDED HOURS INDICATOR

DATE CLOSED (CL)

MORNINGS/

EVENINGS

TELLER ONLY SAME

DAY TRANSACTION

SAT.

48 72 41980 021 0310.32 U 240

BAYAMON OESTE

CARR 2 KM 14.8, BO HATO TEJAS, BAYAMON OESTE

SHOPPING CENTER

BAYAMON PR 00961 1

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00 8:00-12:00

1 0

49 72 41980 021 0310.31 U 250

RIO HONDO PLAZA RIO HONDO, COMERIO AVE. BAYAMON PR 00957 3

9:00-5:00 cut-off

5:00 Drive-thru

8:00-4:00 9:00-1:00

√ 1 0

50 72 41980 021 0310.21 MI 318

PLAZA DEL SOL

CENTRO COMERCIAL PLAZA DEL SOL 725 WEST MAIN

AVE., SIERRA BAYAMON

BAYAMON PR 00961 2

9:00-5:00 M-Th cut-

off Friday 9:00-6:00

9:00-6:00 9:00-1:00

11:00-

2:00

9:00-3:00 √ 1 0

51 72 41980 021 0313.06 U 361

REXVILLE TOWN

CENTER

REXVILLE TOWN CENTER, 3011 CARR. 167 KM 0 HM 60

BO. PAJAROS

BAYAMON PR 00956 1

8:00-4:00 M-Th cut-

off Friday 8:00-5:00

8:00-1:00 √ 1 0

52 72 41980 025 2010.00 L 041

LAS CATALINAS

MALL

LAS CATALINAS MALL 2 BO. BAIROA CARR.156 KM 0.2 CAGUAS PR 00725 1

9:00-5:00

M-Th cut-off Friday

9:00-6:00

9:00-2:00

11:00-

2:00

9:00-2:00

√ 1 0

53 72 41980 025 2015.00 MI 046

SAN ALFONSO

AVE. FEDERICO DEGETAU CARR 1 ESQ GAUTIER BENITEZ -

PLAZA SAN ALFONSO

CAGUAS PR 00725 2

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00 9:00-12:00

√ 1 0

54 72 41980 025 2006.00 MI 048

CONDADITO

CAGUAS

14 CALLE AMAPOLA, URB. CONDADO MODERNO CAGUAS PR 00725 1

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00 √ 0 0

55 72 41980 025 2003.05 U 355

PLAZA LOS PRADOS CARR. 156 KM 56.3 CENTRO COMERCIAL LOS PRADOS CAGUAS PR 00725 2 9:00-5:00 9:00-1:00

√ 1 0

56 72 41980 025 2010.00 L 320

CAGUAS PUEBLO 20 CALLE MUÑOZ RIVERA ESQ. RUIZ BELVIS CAGUAS PR 00725 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 0

57 72 41980 025 2005.00 MI 346

RALPH FOOD

WAREHOUSE

BAIROA

SUP. RALPH CARR. 1 (CERCA ANGORA INDUSTRIAL PARK)

BO. BAIROA

CAGUAS PR 00725 1

8:00-4:00 √ 0 1

58 72 41980 025 2006.00 MI 353

WALMART CAGUAS -

EXPRESO

AVE. RAFAEL CORDERO INT. PR 30 CAGUAS PR

00725 1 9:00-5:00 10:00-6:00 9:00-1:00 √ 0 1

59 72 41980 025 2006.00 MI 385

PLAZA CENTRO SUR PLAZA CENTRO II, 200 AVE. RAFAEL CORDERO STE. 151 CAGUAS

PR 00725 2 9:00-5:00 9:00-1:00 √

1 0

60 72 41980 029 1005.03 U 338

CANÓVANAS

OUTLET

CENTRO COMERCIAL THE OUTLET CARR. 3 KM 18.4 CANOVANAS PR

00729 1 9:00-5:00 9:00-3:00 9:00-1:00 √ 1 0

61 72 41980 031 0506.00 U 013

CAROLINA HIGHWAY

AVE. 65 INFANTERIA ESQ. CALLE IGNACIO ARZUAGA KM

10.3

CAROLINA PR 00985 2

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00 √ 0 0

62 72 41980 031 0504.04 U 040

PARQUE ESCORIAL

CENTRO COMERCIAL PARQUE ESCORIAL - AVE. 65TH INF

KM 5 HM 0

CAROLINA PR 00985 2

9:00-5:00 M-Th cut-

off Friday 9:00-6:00

9:00-5:00

9:00-1:00 √ 1 0

63 72 41980 031 9800.03 N/A 107

AEROPUERTO AEROPUERTO LUIS MUÑOZ MARIN CAROLINA PR 00913 1

8:00-4:00 cut-off

4:00

8:00-4:00 √ 0 1

64 72 41980 031 0503.11 U 132

CAMPO RICO B-24 AVE. CAMPO RICO ESQ., EXPRESO LOIZA CAROLINA PR 00982 3

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00 8:00-12:00 √ 0 0

65 72 41980 031 0511.03 U 348

LOS COLOBOS

SHOPPING CENTER

LOS COLOBOS SHOPPING CENTER - BO. CANOVANILLAS -

CARR. 3 KM 15 HM 2

CAROLINA PR 00987 2

9:00-5:00 9:00-5:00 9:00-1:00 √ 1 0

66 72 41980 031 0502.32 MI 223

PLAZA CAROLINA AVE. FRAGOSO, PLAZA CAROLINA, EXP. LOIZA RUTA 26 CAROLINA PR 00982 2

9:00-5:00 M-Th cut-

off Friday 9:00-6:00

9:00-5:00

9:00-3:00

11:00-

2:00

9:00-3:00 √ 1 0

67 72 41980 031 0501.12 U 239

ISLA VERDE AVE. BALDORIOTY DE CASTRO ESQ. CALLE 6 CAROLINA PR 00979 3

9:00-5:00 M-Th cut-

off Friday 9:00-6:00

8:00-6:00

9:00-1:00 √ 0 0

68 72 41980 035 2608.00 MI 047

CAYEY

MONTELLANO

CARR. 1 KM 56.6, BO. MONTELLANO CAYEY PR 00736 2

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00

8:00-12:00

√ 0 0

69 72 41980 035 2609.01 U 339

WALMART CAYEY -

EXPRESO

CARR. 1 KM 54.9, BO. MONTELLANO CAYEY PR 00736 1

9:00-5:00 cut-off

6:00

9:00-5:00 9:00-1:00 √ 0 1

70 72 41980 037 1602.02 MI 128

CEIBA 248 AVE. LAURO PIÑERO CEIBA PR 00735 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 0

71 72 41980 039 9557.00 L 063

CIALES 46-A CALLE PALMER CIALES PR 00638 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 0

72 72 41980 041 2403.00 MO 043

CIDRA CALLE BARCELO 60 ESQ. JAIME BONET CIDRA PR 00739 1

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00

√ 0 0

(CO) (RE) # #

BRANCH #

BRANCH NAME

ADDRESS CITY STATE ZIP

# OF

ATMS

TO WHICH ADDED DEDUCTED

BRANCH

# ST MSA CO TRACT LMI CODE DATE CODE DATE (#)

SC Other

HOLIDAYS DEPÓSITO FÁCIL

GEOCODING DATE OPENED (O) CONSOLIDATED (CO)

ACQUIRED (A)

RELOCATED (RE)

SUN.

Branches Locations & Hrs - As of March 2023

BRANCHES

ATMS

EXTENDED HOURS INDICATOR

DATE CLOSED (CL)

MORNINGS/

EVENINGS

TELLER ONLY SAME

DAY TRANSACTION

SAT.

73 72 41980 045 9519.00 MI 053

COMERIO 57 CALLE GEORGETTI COMERIO PR 00782 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 0

74 72 41980 047 5303.00 L 054

COROZAL COROZAL SHOPPING CENTER, CARR. 159 KM 15 HM 1 COROZAL PR 00783 1

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00

√ 1 0

75 72 41980 051 5403.00 MO 058

DORADO 349 CALLE MENDEZ VIGO EDIF. PABELLON COMERCIAL DORADO PR 00646 2

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00 0 0

76 72 41980 051 5404.02 U 274

PLAZA DORADA

PLAZA DORADA, CARR. 693 KM 8 HM 5 BARRIO

HIGUILLAR

DORADO PR 00646 2

8:00 - 4:00 8:00 - 4:00

8:00 -

12:00

√ 1 0

77 72 41980 053 1503.02 MO 111

FAJARDO

GARRIDO MORALES AVE. ESQUINA CARR 3 (ENTRANDO

AL PUEBLO)

FAJARDO PR 00738 1

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00

8:00-12:00

√ 0 0

78 72 41980 053 1502.00 MI 253

PLAZA FAJARDO -

EXPRESO

CARR. 3 KM 42, PLAZA FAJARDO SHOPPING CENTER FAJARDO PR 00738 2

9:00-5:00 cut-off

5:00

9:00-4:00

9:00-1:00 √ 1 0

79 72 41980 054 5802.00 MO 075

FLORIDA 225 CALLE MUÑOZ RIVERA FLORIDA PR 00650 1

8:00-3:00 cut-off

4:00

8:00-3:00 0 0

80 72 41980 061 0402.00 U 025

BUCHANAN EDIFICIO 501, SOUTH HEALTH CLINIC - FORT BUCHANAN GUAYNABO PR 00934 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 1

81 72 41980 061 0403.02 U 131

SAN PATRICIO

GALLERY

AVE. SAN PATRICIO ESQ. CALLE GONZALEZ GIUSTI B9-10 GUAYNABO PR 00968 1

8:00-4:00 - M-Th cut-

off - Friday 8:00-

5:00

8:00-4:00

8:00-12:00

√ 1 0

82 72 41980 061 0403.02 U 138

SAN PATRICIO MALL

CENTRO COMERCIAL SAN PATRICIO MALL, CALLE

ORTEGON PRIMER NIVEL

GUAYNABO PR 00968 2

9:00-5:00 cut-off 9:00-5:00 9:00-3:00

11:00-

2:00

9:00-3:00 √

1 0

83 72 41980 061 0403.03 U 146

GARDENS HILLS -

EXPRESO

CENTRO COMERCIAL GARDEN HILLS PLAZA - INT. CARR.

19 Y AVE. RAMIREZ DE ARELLANO

GUAYNABO PR 00966 1

8:00-4:00 cut-off

4:00

8:00-4:00 √ 1 0

84 72 41980 061 0402.00 U 165

VALENCIA PARK

NUEVO EDIF TLD (TELEFONICA LARGA DIST) CARR 165

LOTE 1 VALENCIA PARK

GUAYNABO PR 00965 2

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00 0 0

85 72 41980 061 0406.04 U 321

GUAYNABO LAS

CUMBRES

JARDINES REALES SHOPPING CENTER, LAS CUMBRES AVE.

INT JUAN CARLOS DE BORBON- BO. SANTA ROSA

GUAYNABO PR 00969 2

9:00-5:00 cut-off

5:00

Drive-thru

9:00-5:00 9:00-1:00 √ 1 0

86 72 41980 061 0404.43 U 270

PLAZA GUAYNABO

PLAZA GUAYNABO SHOPPING CENTER, EXPRESO

MARTINEZ NADAL CARRETERA 20

GUAYNABO PR 00969 2 9:00 - 5:00 9:00 - 5:00

9:00 - 1:00 √ 1 0

87 72 41980 063 2105.03 U 044

GURABO 118 CALLE ANDRES ARUZ RIVERA OESTE GURABO PR 00778 1

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00 √ 0 0

88 72 41980 069 1805.00 MI 150

HUMACAO PALMA

REAL

CENTRO COMERCIAL PALMA REAL CARR. 3 KM 77.7 BO

RIO ABAJO

HUMACAO PR 00791 2

9:00-5:00 9:00-1:00

11:00-

2:00

9:00-1:00 √ 1 0

89 72 41980 069 1805.00 MI 233

HUMACAO ESTE TRIUMPH PLAZA LOTE #6 CARR. 3 HUMACAO PR 00791 1

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00

8:00-12:00 √ 1 0

90 72 41980 069 1809.03 U 305

HUMACAO PALMAS

DEL MAR

PALMANOVA PLAZA - PALMAS DEL MAR HUMACAO PR 00791 1

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00 1 0

91 72 41980 077 5003.04 MI 317

RALPH FOOD

WAREHOUSE

JUNCOS

CARR. 198 URB INDUSTRIAL JUNCOS (URB VALENCIA 2

CALLE SANTIAGO FERNANDEZ 20)

JUNCOS PR 00773 1

8:00-4:00 8:30-4:00 8:00-12:00 0 1

92 72 41980 085 1902.02 MI 307

LAS PIEDRAS CARR. 183 KM 21 HM 1 LAS PIEDRAS PR 00771 1

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00 √ 0 0

93 72 41980 087 1105.00 MO 308

LOIZA PUEBLO 64 CALLE SAN PATRICIO LOIZA PR 00772 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 0

94 72 41980 089 1402.01 L 129

LUQUILLO CALLE B ESQ. CARR 193, COND. PLAYA AZUL LUQUILLO PR 00773 2

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00

8:00-12:00 √ 0 0

95 72 41980 091 5701.00 MI 061

MANATI

MONTE REAL SHOPPING CENTER - BO. COTTO NORTE -

CARR PR #2 KM 45.8

MANATI PR 00674 2

8:00-4:00 cut-off

4:00

8:00-4:00 1 0

96 72 41980 091 5706.00 MO 351

ECONO MANATI CARR. 670 KM 1.1 CORDOVA DAVILA MANATI PR 00674 1

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00 √ 0 1

97 72 41980 095 9516.00 MI 310

MAUNABO 1 CALLE SANTIAGO IGLESIAS MAUNABO PR 00707 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 0

(CO) (RE) # #

BRANCH #

BRANCH NAME

ADDRESS CITY STATE ZIP

# OF

ATMS

TO WHICH ADDED DEDUCTED

BRANCH

# ST MSA CO TRACT LMI CODE DATE CODE DATE (#)

SC Other

HOLIDAYS DEPÓSITO FÁCIL

GEOCODING DATE OPENED (O) CONSOLIDATED (CO)

ACQUIRED (A)

RELOCATED (RE)

SUN.

Branches Locations & Hrs - As of March 2023

BRANCHES

ATMS

EXTENDED HOURS INDICATOR

DATE CLOSED (CL)

MORNINGS/

EVENINGS

TELLER ONLY SAME

DAY TRANSACTION

SAT.

98 72 41980 101 9555.00 MO 064

MOROVIS AVE. COROZAL 49 MOROVIS PR 00687 2

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00 √ 0 0

99 72 41980 103 1704.00 MO 311

NAGUABO 19 CALLE JUAN R GARZOT ESQ MUÑOZ RIVERA NAGUABO PR 00718 2

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00 0 0

100 72 41980 105 5205.00 MI 215

EL MERCADO PLAZA

EL MERCADO PLAZA BO. CEDRO ARRIBA CARR 152 KM

14.6

NARANJITO PR 00719 2

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00 √ 1 0

101 72 41980 107 9551.00 MO 076

OROCOVIS 11 CALLE 4 DE JULIO OROCOVIS PR 00720 1

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00

8:00-12:00 √ 0 0

102 72 41980 119 1305.00 MI 312

PLAZA DEL YUNQUE

CARR. 3 KM 22 HM 2, CENTRO COMERCIAL PLAZA DEL

YUNQUE

RIO GRANDE PR 00745 1

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00

8:00-12:00

1 0

103 72 41980 119 1302.00 MI 387

RIO GRANDE

PUEBLO

99 CALLE PIMENTEL, VILLAS DE RIO GRANDE SHOPPING

CENTER

RIO GRANDE PR 00745 1

8:00-4:00 cut-off

4:00 Drive-

thru

1 0

104 72 41980 127 0005.06 U 011

SAN JUAN 206 CALLE TETUAN SAN JUAN PR 00901 2

8:00-4:00 cut-off

4:00

8:00-4:00 √ 0 0

105 72 41980 127 0100.22 U 014

CUPEY CENTER CARR. 176 KM 1 HM 2, CUPEY CENTER SAN JUAN PR 00926 3

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00 √ 0 0

106 72 41980 127 0015.00 N/A 015

CALLE LOIZA 1812 CALLE LOIZA SAN JUAN PR 00911 2

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00

√ 0 0

107 72 41980 127 9801.03 L 019

PLAZA LAS

AMERICAS

1ER NIVEL PLAZA LAS AMERICAS, AVE. ROOSEVELT ESQ.

CARR. 52

SAN JUAN PR 00919 3

9:00-6:00 cut-off

6:00

9:00-6:00

9:00-3:00

11:00-

2:00

9:00-3:00 √

1 0

108 72 41980 127 0023.00 MI 022

PARADA 22 1500 AVE. PONCE DE LEON SAN JUAN PR

00909 2

8:00-4:00 cut-off

4:00

8:00-4:00 √ 0 0

109 72 41980 127 0036.00 MO 023

BARRIO OBRERO 2250 AVE. BORINQUEN, BO OBRERO SAN JUAN

PR 00915 2

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00 0 0

110 72 41980 127 0019.00 U 024

MIRAMAR

701 AVE. PONCE DE LEON, PARADA. 11, EDIFICIO CENTRO

DE SEGUROS

SAN JUAN PR 00907 1

8:00-4:00 cut-off

4:00

8:00-4:00 √ 0 0

111 72 41980 127 0039.02 MO 026

PARADA 26 1900 AVE. PONCE DE LEON SAN JUAN PR

00909 1

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00 0 0

112 72 41980 127 0071.00 MI 027

PUERTO NUEVO

AVE. DE DIEGO 301 ESQ. AVE. ROOSEVELT, PUERTO

NUEVO

SAN JUAN PR 00920 1

8:00-4:00 cut-off

4:00 Drive-thru

8:00-4:00

8:00-12:00

√ 0 0

113 72 41980 127 0105.00 U 030

POPULAR CENTER 209 AVE. MUÑOZ RIVERA SAN JUAN PR 00917 2

8:00-5:00 cut-off

5:00

8:00-5:00 √ 0 0

114 72 41980 127 0089.00 MI 032

PLAZA DEL

MERCADO

155 CALLE JOSE DE DIEGO SAN JUAN PR 00925 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 1

115 72 41980 127 0058.00 U 033

UNIVERSIDAD DE

PUERTO RICO

EDIFICIO JANER, UNIVERSIDAD DE PUERTO RICO SAN JUAN PR 00926 1

8:00-4:00 cut-off

4:00

8:00-4:00 √ 0 1

116 72 41980 127 0066.00 N/A 034

HATO REY PDA. 34 526 PONCE DE LEON ESQ. CALLE GUAYAMA SAN JUAN PR 00918 1 8:00-4:00 8:00-4:00 √ 0 0

117 72 41980 127 0096.01 U 035

SAN JOSE 1565 CALLE ALDA, URB. CARIBE CARR. 1 SAN JUAN PR 00926 2

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00 √ 0 0

118 72 41980 127 0061.01 L 039

BARBOSA 618 AVE. BARBOSA ESQ. MAYAGUEZ SAN JUAN PR 00917 2

8:00-4:00 cut-off

4:00

8:00-4:00 0 0

119 72 41980 127 0087.00 U 106

MUÑOZ RIVERA 1125 AVE. MUÑOZ RIVERA SAN JUAN PR 00925 2

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00 0 0

120 72 41980 127 0101.00 U 108

MONTEHIEDRA

AVE. LOS ROMEROS BO. CAIMITO KM 1 HM 9 (FRENTE CC

MONTEHIEDRA)

SAN JUAN PR 00926 2

9:00-5:00 M-Th cut-

off - Friday 9:00

6:00

9:00-5:00 9:00-1:00 √ 1 0

121 72 41980 127 0079.00 U 347

ALTAMIRA CENTER

URB. ALTAMIRA, EDIF. ALTAMIRA, AVE. MARTINEZ

NADAL ESQ. JESUS T. PIÑERO

SAN JUAN PR 00927 3

8:30-5:00 8:30-5:00 8:00-12:00 √ 0 0

122 72 41980 127 0085.00 U 110

REPARTO

METROPOLITANO

1008 AVE. AMERICO MIRANDA, REPTO.

METROPOLITANO SHOPPING CENTER

SAN JUAN PR 00921 2

8:00-4:00 cut-off

4:00

8:00-4:00 1 0

(CO) (RE) # #

BRANCH #

BRANCH NAME

ADDRESS CITY STATE ZIP

# OF

ATMS

TO WHICH ADDED DEDUCTED

BRANCH

# ST MSA CO TRACT LMI CODE DATE CODE DATE (#)

SC Other

HOLIDAYS DEPÓSITO FÁCIL

GEOCODING DATE OPENED (O) CONSOLIDATED (CO)

ACQUIRED (A)

RELOCATED (RE)

SUN.

Branches Locations & Hrs - As of March 2023

BRANCHES

ATMS

EXTENDED HOURS INDICATOR

DATE CLOSED (CL)

MORNINGS/

EVENINGS

TELLER ONLY SAME

DAY TRANSACTION

SAT.

123 72 41980 127 0100.02 U 152

GALERIA LOS

PASEOS AVE GRAND PASEO BOULEVARD 100 ESQ. LAS CUMBRES SAN JUAN PR 00926 1

9:00-5:00 cut-off -

Friday 9:00-6:00

10:00-6:00

9:00-1:00 √ 1 0

124 72 41980 127 0018.00 U 203

CONDADO GALLERY

100 AVE. ROBERTO H TODD CONDADO GALLERY SAN JUAN PR 00907 2

9:00-5:00 cut-off

4:00

Drive-thru

9:00-5:00

8:00-12:00

√ 1 0

125 72 41980 127 0091.21 U 217

CENTRO COMERCIAL

AVE. 65TH INF

65TH INF. SHOPPING CENTER ESQ. MAXIMO ALOMAR SAN JUAN PR 00928 2

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00 √ 1 0

126 72 41980 127 0098.00 U 229

SAN FRANCISCO

AVE. DE DIEGO URB SAN FRANCISCO - CENTRO

COMERCIAL SAN FRANCISCO

SAN JUAN PR 00926 1

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00

9:00-1:00 √ 1 0

127 72 41980 127 0096.14 U 241

EL SEÑORIAL

AVE. WINSTON CURCHILL ESQUINA PARANA, EL

SEÑORIAL SHOPPING

SAN JUAN PR 00926 2

9:00-5:00 cut-off

5:00

9:00-5:00

9:00-1:00 √ 1 0

128 72 41980 127 0084.00 MI 249

CENTRO MEDICO

HOSPITAL CENTRO MEDICO AVE. AMERICO MIRANDA,

GLORIETA CENTRAL

SAN JUAN PR 00926 2

7:30-3:30 cut-off

4:00

7:30-3:30 √ 0 1

129 72 41980 127 0010.01 U 332

SUPERMAX DE

DIEGO

AVE. DE DIEGO 114 SAN JUAN PR 00907

9:00-5:00 cut-off

5:00

9:00-5:00 √ 0 1

130 72 41980 127 0096.24 U 362

SEÑORIAL CENTER AVE. LOMAS VERDES, CUPEY SAN JUAN PR 00926 2 8:00-4:00

√ 0 0

131 72 41980 127 0010.01 U 367

CONDADO CENTRO AVE. ASHFORD 1385 CONDADO SAN JUAN PR 00907 2 9:00-5:00 9:00-1:00 √ 0 0

132 72 41980 127 0006.00 U 396

SAN JUAN LOS

PUERTOS

454 CALLE COMERCIO SAN JUAN PR 00901 2 9:00-5:00 9:00-1:00 √ 0 0

133 72 41980 127 0021.00 N/A 330

WALMART PARADA

18 - EXPRESSO

ROBERTO H.TODD AVE. PARADA 18 SAN JUAN PR

00907 1 9:00-5:00 9:00-5:00 9:00-1:00 √ 0 1

134 72 41980 127 0071.00 MI 272

CAPARRA CENTER 1451 AVE. FD ROOSEVELT SAN JUAN

PR 00920 3 8:00 - 4:00 8:00 - 4:00 0 0

135 72 41980 127 0050.00 L 276

MALL OF SAN JUAN 1000 THE MALL OF SAN JUAN BLVD. SAN JUAN PR

00924 1 0

136 72 41980 129 2203.00 MO 042

SAN LORENZO

CALLE COLON 7, PLAZA SAN LORENZO SAN LORENZO PR

00754 2

8:00-4:00 cut-off

4:00

Drive-thru

8:00-4:00 0 0

137 72 41980 135 5103.00 MO 059

TOA ALTA CARR. 165 KM 11 HM 5 TOA ALTA PR 00953 2

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00

8:00-

12:00

0 1

138 72 41980 137 1225.00 MI 170

LEVITTOWN

CALLE ROSA DE TEJAS, LOS DOMINICOS SHOPPING, 4TA

SECCION, LEVITTOWN

TOA BAJA PR 00949 1

8:00-4:00 cut-off

4:00

8:00-4:00

8:00-12:00 √ 1 0

139 72 41980 137 1220.02 U 271

TOA BAJA CARR. 2 KM 18 HM 6, BO. CANDELARIA TOA BAJA PR 00949 2 8:00 -4:00 8:00 - 4:00

8:00 -

12:00

√ 0 0

140 72 41980 139 0602.23 U 036

TRUJILLO ALTO

PUEBLO

3 CALLE MUÑOZ RIVERA TRUJILLO ALTO PR 00976 1

8:00-4:00 cut-off

4:00 Drive-

thru

8:00-4:00 0 0

141 72 41980 139 0602.25 U 245

CENTRO COM.

TRUJILLO ALTO

CARR. 181 KM 3 HM 5, TRUJILLO ALTO PLAZA TRUJILLO ALTO PR 00976 2

9:00-5:00 cut-off

5:00 Drive-thru

9:00-5:00

9:00-1:00 √ 1 0

142 72 41980 143 5504.00 MO 057

VEGA ALTA

CENTRO GRAN CARIBE (ANTES PLAZA CARIBE) CARR. 2

ESQ. CARR.678

VEGA ALTA PR 00692 1

8:00-4:00 cut-off

5:00

9:00-5:00

8:00-12:00

8:00-12:00 √ 1 0

143 72 41980 145 5605.00 MO 062

VEGA BAJA MARGINAL CARR. 2 KM 38 HM 2 VEGA BAJA PR 00693 1

8:00-4:00

Drive-thru

8:00-4:00

9:00-1:00 √ 0 0

144 72 41980 151 9513.00 MI 341

YABUCOA

PANORAMICA

561 CARR. ERNESTO CARRASQUILLO YABUCOA PR 00767 2 8:00-4:00 8:00-4:00

8:00-12:00 √ 0 0

41980 San Juan-Carolina-Caguas

42 13

145 72 49500 111 7304.00 MI 124

PEÑUELAS 318 CALLE MUÑOZ RIVERA PEÑUELAS PR 00624 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 0

146 72 49500 059 7403.00 U 123

GUAYANILLA 38-40 CALLE MUÑOZ RIVERA GUAYANILLA PR 00656 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 0

147 72 49500 153 7504.00 MI 077

YAUCO PLAZA

CENTRO COMERCIAL YAUCO PLAZA II, CARR. 128 INT.

CARR. 2, 663

YAUCO PR 00698 1

8:00-4:00 M-Th

Friday 8:00-4:00

8:00-4:00

9:00-1:00 √ 1 0

148 72 49500 153 7504.00 MI 153

YAUCO PUEBLO CALLE BETANCES ESQUINA MATTEI LLUBERAS YAUCO PR 00698 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 0

49500 Yauco

(CO) (RE) # #

BRANCH #

BRANCH NAME

ADDRESS CITY STATE ZIP

# OF

ATMS

TO WHICH ADDED DEDUCTED

BRANCH

# ST MSA CO TRACT LMI CODE DATE CODE DATE (#)

SC Other

HOLIDAYS DEPÓSITO FÁCIL

GEOCODING DATE OPENED (O) CONSOLIDATED (CO)

ACQUIRED (A)

RELOCATED (RE)

SUN.

Branches Locations & Hrs - As of March 2023

BRANCHES

ATMS

EXTENDED HOURS INDICATOR

DATE CLOSED (CL)

MORNINGS/

EVENINGS

TELLER ONLY SAME

DAY TRANSACTION

SAT.

149 72 99999 001 9567.00 MI 159

ADJUNTAS 19-21 CALLE SAN JOAQUIN ADJUNTAS PR 00601 1

8:00-4:00 cut-off

4:00

8:00-4:00 0 0

150 72 99999 043 9541.00 MI 072

COAMO 7 CALLE MARIO BRASCHI (BAJOS) CARR 155 COAMO PR 00769 1

8:00-4:00 cut-off

4:00

8:00-4:00

9:00-12:00

0 0

151 72 41980 49 9505.00 U 302

CULEBRA 9 CALLE PEDRO MARQUEZ CULEBRA PR 00775 1 8:00-3:30 0 0

152 72 99999 073 9563.05 MI 162

JAYUYA 84 CALLE GUILLERMO ESTEVEZ JAYUYA PR 00664 2

8:00-4:00 cut-off