Company: BPOPM
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0001193125-25-043848
Chunk: 8

Company: POPULAR, INC.
Filing Date: 2025-03-03
Form: 10-K
Item: Item 1
Chunk 8
---
not
advance
additional
money
to
borrowers
who
have
loans
that
are
90
days
past
due
or
over.
In 
commercial
and
construction
loans,
certain
exceptions
may
be approved
under
certain
circumstances,
including
(i) when
past 

  10 
due
status
is administrativ
e
in nature,
such
as expiration
of a loan
facility
before
the
new documentatio
n
is executed,
and not as 
a result
of paymen
t
or credit
issues;
(ii) to
improve
our collateral
position
or
otherwise
maximize
recovery
or
mitigate
potential 
future
losses;
and
(iii)
with
respect
to
certain
entities
that,
although
related
through
common
ownership,
are
not
cross 
defaulted
nor
cross-collateralized
and
are
performing
satisfactorily
under
their
respective
loan
facilities.
Such
advances
are 
underwritten
and
approved
following
our
credit
policy
guidelines
and
limits,
which
are
dependent
on
the
borrower’s
financial 
condition,
collateral
and guarantee,
among
others. 
In addition
to the legal
lending limit
established under
applicable
state banking
law, discusse
d
in detail
below,
business 
activities
that
expose the
Corporation to
credit
risk
are managed
within
guidelines described
in the
Credit
Risk Tolerance
Limits 
policy.
Limits are defined for
loss and credit
performance metrics, portfolio composition and
concentration, and industry and
name-
level, 
which 
monitors
lending
concentration
to
a
single
borrower
or
a
group
of
related
borrowers,
including
specific
lending 
limits
based
on industr
y
or other
criteria,
such
as a percentage
of the
banks’
capital. 
Refer to Note 2 and Note 8 to the Consolidated Financial Statements included
in this Form 10-K, for additional information 
on loan modifications to borrowers with financial difficulties. 
Competition
The
financial