v3.26.1
BORROWINGS AND RELATED INTEREST (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Repurchase Agreements
The following table shows OFG’s repurchase agreements, excluding accrued interest in the amount of $86 thousand and $714 thousand at March 31, 2026 and December 31, 2025:
March 31,December 31,
20262025
(In thousands)
Short-term fixed-rate repurchase agreements, with a weighted average interest rate of 3.43% (December 31, 2025 - 3.62%)
$100,000 $100,000 
Repurchase agreements’ maturities at March 31, 2026 and December 31, 2025 were as follows:
March 31,December 31,
20262025
(In thousands)
Under 90 days$100,000 $— 
Over 90 days to one year— 100,000 
Total$100,000 $100,000 
The following securities were sold under agreements to repurchase at March 31, 2026 and December 31, 2025:
Underlying SecuritiesAmortized Cost of Underlying SecuritiesBalance of BorrowingApproximate Fair Value of Underlying SecuritiesWeighted Average Interest Rate of Security
(In thousands)
March 31, 2026
FNMA and FHLMC Certificates$105,290 $99,256 $106,981 5.12 %
GNMA certificates797 744 802 5.25 %
Total$106,087 $100,000 $107,783 5.12 %
December 31, 2025
FNMA and FHLMC Certificates$105,696 $100,000 $108,662 5.22 %
Schedule of Federal Home Loan Bank Advances
The following table shows a summary of the advances and their terms, excluding accrued interest in the amount of $1.6 million at both March 31, 2026 and December 31, 2025, respectively:
March 31,December 31,
20262025
(In thousands)
Short-term fixed-rate advances from FHLB, with a weighted average interest rate of 3.79% (December 31, 2025 - 3.79%)
$55,000 $55,000 
Long-term fixed-rate advance from FHLB, with a weighted average interest rate of 4.13% (December 31, 2025 - 4.13%)
400,000 400,000 
$455,000 $455,000 
Advances from FHLB mature as follows:
March 31,December 31,
20262025
(In thousands)
Over 90 days to one year$255,000 $55,000 
Over one to three years200,000 400,000 
$455,000 $455,000