
	June 30, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Weighted Average Yield
	(In thousands)
Available-for-sale
Mortgage-backed securities
FNMA and FHLMC certificates



Due after 10 years	$	1,876,800	$	16,363	$	39,542	$	1,853,621	4.59	%

GNMA certificates


Due from 5 to 10 years	1,331		—		25		1,306		1.83	%
Due after 10 years	535,765		10,184		31,954		513,995		3.88	%
Total GNMA certificates	537,096		10,184		31,979		515,301		3.88	%
CMOs issued by US government-sponsored enterprises



Due after 10 years	1,557		—		11		1,546		3.16	%

Total mortgage-backed securities	2,415,453		26,547		71,532		2,370,468		4.43	%
Investment securities
US Treasury securities
Due less than 1 year	2,150		—		—		2,150		3.52	%










Other debt securities

Due from 1 to 5 years	500		—		—		500		2.35	%



Total investment securities	2,650		—		—		2,650		3.30	%
Total securities available-for-sale	$	2,418,103	$	26,547	$	71,532	$	2,373,118	4.43	%

	June 30, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Weighted Average Yield
	(In thousands)
Held-to-maturity
Mortgage-backed securities
FNMA and FHLMC certificates



Due after 10 years	$	258,698	$	—	$	44,615	$	214,083	1.73	%


	December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Weighted Average Yield
	(In thousands)
Available-for-sale
Mortgage-backed securities
FNMA and FHLMC certificates



Due after 10 years	$	2,015,685	$	31,876	$	31,981	$	2,015,580	4.59	%

GNMA certificates


Due from 5 to 10 years	2,451		—		41		2,410		1.79	%
Due after 10 years	506,433		12,439		30,711		488,161		3.82	%
Total GNMA certificates	508,884		12,439		30,752		490,571		3.81	%
CMOs issued by US government-sponsored enterprises



Due after 10 years	2,605		—		26		2,579		2.64	%

Total mortgage-backed securities	2,527,174		44,315		62,759		2,508,730		4.43	%
Investment securities
US Treasury securities
Due less than 1 year	1,650		1		—		1,651		4.11	%










Other debt securities

Due from 1 to 5 years	500		—		—		500		2.35	%

Due after 10 years	1		—		—		1		2.97	%
Total other debt securities	501		—		—		501		2.35	%
Total investment securities	2,151		1		—		2,152		3.70	%
Total securities available-for-sale	$	2,529,325	$	44,316	$	62,759	$	2,510,882	4.43	%


	December 31, 2025
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Weighted Average Yield
	(In thousands)
Held-to-maturity
Mortgage-backed securities
FNMA and FHLMC certificates



Due after 10 years	$	269,498	$	—	$	44,433	$	225,065	1.73	%

As of June 30, 2026, and December 31, 2025, the amortized cost of investment securities excludes accrued interest receivable, included in the accrued interest receivable line in OFG’s consolidated statements of financial condition. Refer to Note 9 – Accrued Interest Receivable and Other Assets for more information.

Securities not due on a single contractual maturity date, such as collateralized mortgage obligations, are classified in the period of final contractual maturity. The expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties.

Investment securities as of June 30, 2026, include $1.337 billion pledged to secure government deposits, regulatory collateral, and borrowings, of which $1.226 billion serve as collateral for public funds. Investment securities as of December 31, 2025, include $1.724 billion pledged to secure government deposits, regulatory collateral, and borrowings, of which $1.614 billion serve as collateral for public funds. For regulatory collateral, the secured parties are not permitted to sell or repledge the collateral.

The Bank’s IBEs, OIB and Oriental Overseas, each held short-term US Treasury securities in the amount of $1.0 million and $775 thousand at June 30, 2026, and December 31, 2025, respectively, as the legal reserve required for international banking entities under Puerto Rico law. These instruments cannot be withdrawn or transferred without the prior written approval of the Office of the Commissioner of Financial Institutions of Puerto Rico.

The following table shows OFG’s gross unrealized losses and fair value of investment securities available-for-sale at June 30, 2026, and December 31, 2025, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position:


	June 30, 2026
	Less than 12 months				12 months or more				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss

Securities available-for-sale
FNMA and FHLMC certificates	$	516,368	$	5,626	$	400,607	$	33,916	$	916,975	$	39,542
GNMA certificates	84,972		905		188,844		31,074		273,816		31,979

CMOs issued by US government-sponsored enterprises	—		—		1,546		11		1,546		11

	$	601,340	$	6,531	$	590,997	$	65,001	$	1,192,337	$	71,532


	December 31, 2025
	Less than 12 months				12 months or more				Total
	Fair Value		Unrealized Loss		Fair Value		Unrealized Loss		Fair Value		Unrealized Loss

Securities available-for-sale
FNMA and FHLMC certificates	$	38,360	$	100	$	522,510	$	31,881	$	560,870	$	31,981
GNMA certificates	5,853		38		221,674		30,714		227,527		30,752
CMOs issued by US government-sponsored enterprises	—		—		2,579		26		2,579		26


	$	44,213	$	138	$	746,763	$	62,621	$	790,976	$	62,759

The unrealized losses on OFG’s investment in federal agency mortgage-backed securities were caused by market volatility related to market uncertainty tied to interest rate fluctuations. OFG purchased those investments at a discount relative to their face amount, and the contractual cash flows of those investments are guaranteed by an agency of the U.S. government or by a government-sponsored enterprise. Accordingly, it is expected that the securities would not be settled at a price that is less than the amortized cost basis of OFG’s investments. OFG does not intend to sell the investments, and it is not more likely than not that OFG will be required to sell the investments before recovery of their amortized cost basis.