LOANS

6 Months Ended

Jun. 30, 2026

OFG’s loan portfolio is composed of four segments: commercial, mortgage, consumer, and auto loans. Loans are further segregated into classes which OFG uses when assessing and monitoring the risk and performance of the portfolio.

The composition of the amortized cost basis of OFG’s loan portfolio at June 30, 2026, and December 31, 2025, segregated between non-purchased credit deteriorated (“non-PCD”) loans and purchased credit deteriorated (“PCD”) loans, was as follows:


	June 30, 2026						December 31, 2025
	Non-PCD		PCD		Total		Non-PCD		PCD		Total
	(In thousands)
Commercial PR:
Commercial secured by real estate	$	1,267,795	$	59,354	$	1,327,149	$	1,241,646	$	64,654	$	1,306,300
Other commercial and industrial	1,411,485		9,133		1,420,618		1,344,659		9,235		1,353,894
	2,679,280		68,487		2,747,767		2,586,305		73,889		2,660,194
Commercial US	871,454		—		871,454		829,975		—		829,975
Total commercial loans	3,550,734		68,487		3,619,221		3,416,280		73,889		3,490,169
Mortgage loans	657,928		709,278		1,367,206		639,055		751,291		1,390,346
Consumer loans:
Personal loans	644,990		—		644,990		638,985		—		638,985
Credit lines	8,860		316		9,176		9,327		302		9,629
Credit cards	32,270		—		32,270		34,300		—		34,300
Overdraft	763		—		763		634		—		634
	686,883		316		687,199		683,246		302		683,548
Auto loans	2,623,762		66		2,623,828		2,636,890		89		2,636,979
	7,519,307		778,147		8,297,454		7,375,471		825,571		8,201,042
Allowance for credit losses	(184,747)		(3,508)		(188,255)		(198,239)		(4,102)		(202,341)
Total loans held-for-investment, net	7,334,560		774,639		8,109,199		7,177,232		821,469		7,998,701
Mortgage loans held-for-sale	7,822		—		7,822		12,483		—		12,483
Other loans held-for-sale	—		—		—		3,062		—		3,062
Total loans held-for-sale	7,822		—		7,822		15,545		—		15,545
Total loans, net	$	7,342,382	$	774,639	$	8,117,021	$	7,192,777	$	821,469	$	8,014,246

At December 31, 2025, OFG had $3.1 million in commercial loans held-for-sale. During the six-month period ended June 30, 2026, OFG sold commercial loans held-for-sale with a reporting balance of $3.1 million and recognized a $28 thousand loss, included in other non-interest income in the consolidated statements of operations. At June 30, 2026, OFG had no commercial loans held-for-sale. There were no sales of commercial loans held-for-sale during the six-month period ended June 30, 2025.

Additionally, during the quarter ended June 30, 2026, OFG sold two previously reserved non-performing commercial loans held-for-investment with an aggregate reporting balance of $49.6 million and recognized $15.6 million in related charge-offs.

At June 30, 2026, and December 31, 2025, OFG had carrying balances of $94.0 million and $77.3 million, respectively, in loans held-for-investment granted to the Puerto Rico government or its instrumentalities as part of the commercial loan segment. The Bank’s loans to the Puerto Rico government are general obligations of municipalities secured by ad valorem taxation, without limitation as to rate or amount, on all taxable property within the issuing municipalities and are in current status. The good faith, credit and unlimited taxing power of each issuing municipality are pledged for the payment of its general obligations.

The tables below present the aging of the amortized cost of loans held-for-investment at June 30, 2026, and December 31, 2025, by class of loans. Mortgage loans past due include $52.9 million and $56.5 million of delinquent loans in the GNMA buy-back option program at June 30, 2026, and December 31, 2025, respectively. Servicers of loans underlying GNMA mortgage-backed securities must report as their own assets the defaulted loans that they have the option (but not the obligation) to repurchase, even when they elect not to exercise that option.


	June 30, 2026
	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total Past Due		Current		Total Loans		Loans 90+ Days Past Due and Still Accruing
	(In thousands)
Commercial PR:
Commercial secured by real estate	$	1,189	$	395	$	2,687	$	4,271	$	1,263,524	$	1,267,795	$	—
Other commercial and industrial	2,386		2,338		2,140		6,864		1,404,621		1,411,485		—
	3,575		2,733		4,827		11,135		2,668,145		2,679,280		—
Commercial US	—		—		1,642		1,642		869,812		871,454		—
Total commercial loans	3,575		2,733		6,469		12,777		3,537,957		3,550,734		—
Mortgage loans	3,964		7,294		63,110		74,368		583,560		657,928		2,624
Consumer loans:
Personal loans	7,915		4,359		3,136		15,410		629,580		644,990		—
Credit lines	189		35		181		405		8,455		8,860		—
Credit cards	537		285		412		1,234		31,036		32,270		—
Overdraft	90		—		—		90		673		763		—
	8,731		4,679		3,729		17,139		669,744		686,883		—
Auto loans	119,155		38,721		14,519		172,395		2,451,367		2,623,762		—
Total loans	$	135,425	$	53,427	$	87,827	$	276,679	$	7,242,628	$	7,519,307	$	2,624


	December 31, 2025
	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total Past Due		Current		Total Loans		Loans 90+ Days Past Due and Still Accruing
	(In thousands)
Commercial PR:
Commercial secured by real estate	$	486	$	53	$	2,780	$	3,319	$	1,238,327	$	1,241,646	$	—
Other commercial and industrial	1,203		262		941		2,406		1,342,253		1,344,659		—
	1,689		315		3,721		5,725		2,580,580		2,586,305		—
Commercial US	—		—		5,809		5,809		824,166		829,975		—
Total commercial loans	1,689		315		9,530		11,534		3,404,746		3,416,280		—
Mortgage loans	4,885		5,824		68,029		78,738		560,317		639,055		3,187
Consumer loans:
Personal loans	8,415		5,371		3,402		17,188		621,797		638,985		—
Credit lines	122		296		80		498		8,829		9,327		—
Credit cards	650		345		696		1,691		32,609		34,300		—
Overdraft	142		—		—		142		492		634		—
	9,329		6,012		4,178		19,519		663,727		683,246		—
Auto loans	128,451		49,649		20,679		198,779		2,438,111		2,636,890		—
Total loans	$	144,354	$	61,800	$	102,416	$	308,570	$	7,066,901	$	7,375,471	$	3,187

As of December 31, 2025, total past due loans exclude $563 thousand of past due commercial loans held-for-sale. There were no past due commercial loans held-for-sale as of June 30, 2026.

Upon adoption of the current expected credit losses (“CECL”) methodology, OFG elected to maintain pools of loans that were previously accounted for under ASC 310-30 and will continue to account for these pools as a unit of account. As such, PCD loans are not included in the preceding two tables.

Non-accrual Loans

The following table presents the amortized cost basis of loans held-for-investment on non-accrual status as of June 30, 2026, and December 31, 2025:


	June 30, 2026						December 31, 2025
	Non-accrual with Allowance for Credit Loss		Non-accrual with no Allowance for Credit Loss		Total		Non-accrual with Allowance for Credit Loss		Non-accrual with no Allowance for Credit Loss		Total
	(In thousands)
Non-PCD:
Commercial PR:
Commercial secured by real estate	$	2,850	$	274	$	3,124	$	2,724	$	294	$	3,018
Other commercial and industrial	2,700		61		2,761		46,503		148		46,651
	5,550		335		5,885		49,227		442		49,669
Commercial US	26,589		—		26,589		37,584		—		37,584
Total commercial loans	32,139		335		32,474		86,811		442		87,253
Mortgage loans	8,725		2,373		11,098		10,024		1,895		11,919
Consumer loans:
Personal loans	3,205		—		3,205		3,600		—		3,600
Credit lines	181		—		181		80		—		80
Credit cards	412		—		412		698		—		698
	3,798		—		3,798		4,378		—		4,378
Auto loans	14,579		1		14,580		20,749		1		20,750
Total	$	59,241	$	2,709	$	61,950	$	121,962	$	2,338	$	124,300

PCD:
Commercial PR:
Commercial secured by real estate	$	—	$	—	$	—	$	55	$	—	$	55


Mortgage loans	221		—		221		227		—		227



Total	$	221	$	—	$	221	$	282	$	—	$	282
Total non-accrual loans	$	59,462	$	2,709	$	62,171	$	122,244	$	2,338	$	124,582

The determination of non-accrual or accrual status of PCD loans is made at the pool level, not the individual loan level.

As of December 31, 2025, total commercial non-accrual loans exclude $3.1 million of non-accrual commercial loans held-for-sale. There were no commercial non-accrual loans held-for-sale at June 30, 2026.

Delinquent residential mortgage loans insured or guaranteed under applicable FHA and VA programs are classified as non-performing loans when they become 90 days or more past due but are not placed in non-accrual status until they become 12 months or more past due, since they are insured loans. Therefore, those loans are included as non-performing loans but excluded from non-accrual loans.

Modifications to Debtors Experiencing Financial Difficulty

OFG’s loss mitigation program was designed to ensure that borrowers experiencing financial difficulties have an opportunity to continue paying their obligations. The loss mitigation alternatives are divided depending on the borrower’s hardship and its ability to continue with regular payment or with a new modified payment plan. The loss mitigation program provides alternatives for home retention or disposition options avoiding foreclosure proceedings and collateral retention.

OFG offers various types of loan modifications to borrowers experiencing financial difficulty in the form of an interest rate reduction, an other-than-insignificant payment delay, a term extension, interest or principal forbearance or forgiveness, or any combination of these types of concessions.

As of June 30, 2026, and December 31, 2025, the amortized cost of modified loans excludes $52 thousand and $37 thousand, respectively, of accrued interest receivable. Accrued interest receivable on loans is included in the accrued interest receivable line in OFG’s consolidated statements of financial condition. Modified loans during the six-month periods ended June 30, 2026 and 2025, include $767 thousand and $1.5 million, respectively, of government-guaranteed loans (e.g., FHA/VA).

The following tables present the amortized cost basis as of June 30, 2026 and 2025, of loans held-for-investment that were modified during the quarters and six-month periods ended June 30, 2026 and 2025, disaggregated by class of financing receivable and type of concession granted.


	Interest Rate Reduction
	Quarters Ended June 30,								Six-Month Period Ended June 30,
	2026				2025				2026				2025
	$1		%2		$1		%2		$1		%2		$1		%2
	(Dollars in thousands)								(Dollars in thousands)
Commercial PR:
Commercial secured by real estate	$	—	—	%	$	206	0.02	%	$	—	—	%	$	206	0.02	%
Other commercial and industrial	—		—	%	83		0.01	%	—		—	%	83		0.01	%











Total	$	—			$	289			$	—			$	289

1 -Amortized cost basis.
2 - Percentage of total class of financing receivable.


	Term Extension
	Quarter Ended June 30,								Six-Month Period Ended June 30,
	2026				2025				2026				2025
	$1		%2		$1		%2		$1		%2		$1		%2
	(Dollars in thousands)								(Dollars in thousands)
Commercial PR:

Other commercial and industrial	$	—	—	%	$	716	0.06	%	$	—	—	%	$	716	0.06	%



Mortgage loans	878		0.06	%	648		0.05	%	1,231		0.09	%	1,231		0.09	%






Auto loans	63		—	%	101		—	%	126		—	%	101		—	%
Total	$	941			$	1,465			$	1,357			$	2,048

1 -Amortized cost basis.
2 - Percentage of total class of financing receivable.


	Principal Forbearance/Forgiveness
	Quarter Ended June 30,								Six-Month Period Ended June 30,
	2026				2025				2026				2025
	$1		%2		$1		%2		$1		%2		$1		%2
	(Dollars in thousands)								(Dollars in thousands)




Commercial US	$	3,331	0.38	%	$	10,170	1.23	%	$	3,331	0.38	%	$	10,170	1.23	%











1 -Amortized cost basis.
2 - Percentage of total class of financing receivable.


	Combination of Term Extension and Interest Rate Reduction
	Quarter Ended June 30,								Six-Month Period Ended June 30,
	2026				2025				2026				2025
	$1		%2		$1		%2		$1		%2		$1		%2
	(Dollars in thousands)								(Dollars in thousands)
Commercial PR:
Commercial secured by real estate	$	1,203	0.09	%	$	467	0.03	%	$	1,203	0.09	%	$	467	0.03	%
Other commercial and industrial	—		—	%	—		—	%	89		0.01	%	—		—	%



Mortgage loans	—		—	%	55		—	%	—		—	%	55		—	%
Consumer:
Personal loans	39		0.01	%	—		—	%	62		0.01	%	—		—	%




Auto loans	164		0.01	%	54		—	%	307		0.01	%	54		—	%
Total	$	1,406			$	576			$	1,661			$	576

1 -Amortized cost basis.
2 - Percentage of total class of financing receivable.


	Combination of Term Extension and Principal or Interest Forgiveness/Forbearance
	Quarter Ended June 30,								Six-Month Period Ended June 30,
	2026				2025				2026				2025
	$1		%2		$1		%2		$1		%2		$1		%2
	(Dollars in thousands)								(Dollars in thousands)




Commercial US	$	2,194	0.25	%	$	—	—	%	$	2,194	0.25	%	$	3,310	0.40	%

Mortgage loans	73		0.01	%	122		0.01	%	73		0.01	%	122		0.01	%







Total	$	2,267			$	122			$	2,267			$	3,432

1 -Amortized cost basis.
2 - Percentage of total class of financing receivable.


	Combination of Interest Rate Reduction, Term Extension and Principal Forgiveness/Forbearance
	Quarter Ended June 30,								Six-Month Period Ended June 30,
	2026				2025				2026				2025
	$1		%2		$1		%2		$1		%2		$1		%2
	(Dollars in thousands)




Commercial US	$	—	—	%	$	4,009	0.49	%	$	—	—	%	$	7,323	0.89	%

Mortgage loans	—		—	%	137		0.01	%	—		—	%	137		0.01	%







Total	$	—			$	4,146			$	—			$	7,460

1 -Amortized cost basis.
2 - Percentage of total class of financing receivable.

Our credit loss estimation methodology incorporates a lifetime approach, utilizing modeled loan performance based on the historical experience of loans with similar risk characteristics, adjusted for current conditions, and reasonable and supportable forecasts. The model considers extensive historical loss experience, including the impact of loss mitigation programs offered to borrowers facing financial difficulty and projected loss severity from loan defaults, and is applied consistently across all portfolio segments. Additionally, our ACL is recorded on each asset upon origination or acquisition and is based on historical loss information, including modifications made to borrowers facing financial difficulty, and expected behavior. Changes to the ACL are generally not recorded upon modification, as the effects of most modifications are already considered in the estimation methodology. Refer to Note 5 – Allowance for Credit Losses for additional information.

The following tables present the financial effect of the modifications granted to borrowers experiencing financial difficulty during the quarters and six-month periods ended June 30, 2026 and 2025. The financial effect of the combined modifications is presented separately by type of modification.


	Quarter Ended June 30, 2026
	Weighted-Average Interest Rate Reduction		Weighted-Average Term Extension (In months)	Weighted-Average Forgiveness/Forbearance of Principal or Interest Amount (In thousands)
Commercial PR:
Commercial loans secured by real estate	1.25	%	24	$	—

Commercial US	—	%	23	$	850

Mortgage loans	—	%	116	$	25
Consumer loans:
Personal loans	5.00	%	30	$	—



Auto loans	1.57	%	37	$	—


	Six-Month Period Ended June 30, 2026
	Weighted-Average Interest Rate Reduction		Weighted-Average Term Extension (In months)	Weighted-Average Forgiveness/Forbearance of Principal Amount (In thousands)
Commercial PR:
Commercial loans secured by real estate	1.25	%	24	$	—
Other commercial and industrial	2.75	%	36	$	—

Commercial US	—	%	9	$	850

Mortgage loans	—	%	106	$	25
Consumer loans:
Personal loans	4.24	%	29	$	—



Auto loans	1.88	%	32	$	—


	Quarter Ended June 30, 2025
	Weighted-Average Interest Rate Reduction		Weighted-Average Term Extension (In months)	Weighted-Average Forgiveness/Forbearance of Principal Amount (In thousands)
Commercial PR:
Commercial loans secured by real estate	2.99	%	24	$	—
Other commercial and industrial	5.00	%	36	—
Commercial US	4.11	%	14	2,391

Mortgage loans	0.35	%	120	35





Auto loans	3.00	%	34	—


	Six-Month Period Ended June 30, 2025
	Weighted-Average Interest Rate Reduction		Weighted-Average Term Extension (In months)	Weighted-Average Forgiveness/Forbearance of Principal Amount (In thousands)
Commercial PR:
Commercial loans secured by real estate	2.99	%	24	$	—
Other commercial and industrial	5.00	%	36	$	—
Commercial US	2.15	%	16	$	5,309
Mortgage loans	0.35	%	123	$	35





Auto loans	3.00	%	34	—

The following tables present the amortized cost basis as of June 30, 2026, of loans held for investment that had a payment default subsequently to being granted a modification to borrowers experiencing financial difficulty in the prior twelve months.


	Twelve-Month Period Ended
	Amortized Cost Basis of Modified Financing Receivables that Subsequently Defaulted
	Interest Rate Reduction		Term Extension		Principal Forgiveness/Forbearance		Combination of Term Extension and Interest Rate Reduction		Combination of Term Extension and Principal or Interest Forgiveness/Forbearance		Combination of Interest Rate Reduction, Term Extension and Principal Forgiveness/Forbearance		Total
	(In thousands)
June 30, 2026






Mortgage loans	$	—	$	164	$	—	$	—	$	—	$	—	$	164

A payment default for a financial difficulty modification loan is defined as reaching 90 days past due with respect to principal and/or interest payments or when the borrower misses three consecutive monthly payments since modification. Payment defaults are among the factors considered when projecting future cash flows in the calculation of the ACL of loans.

OFG closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the payment status of loans that have been modified in the twelve-month periods ended June 30, 2026 and 2025 that were granted to borrowers experiencing financial difficulty.


	June 30, 2026
	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total Past Due		Current		Total
	(In thousands)
Commercial PR:
Commercial loans secured by real estate	$	—	$	—	$	—	$	—	$	1,203	$	1,203
Other commercial and industrial	—		551		—		551		462		1,013
	—		551		—		551		1,665		2,216
Commercial US	—		—		—		—		5,525		5,525
Total commercial loans	—		551		—		551		7,190		7,741
Mortgage loans	206		166		164		536		1,863		2,399
Consumer loans:
Personal loans	22		—		—		22		178		200




Auto loans	30		11		—		41		662		703
Total	$	258	$	728	$	164	$	1,150	$	9,893	$	11,043


	June 30, 2025
	30-59 Days Past Due		60-89 Days Past Due		90+ Days Past Due		Total Past Due		Current		Total
	(In thousands)
Commercial PR:
Commercial loans secured by real estate	$	—	$	—	$	—	$	—	$	673	$	673
Other commercial and industrial	—		—		—		—		799		799
	—		—		—		—		1,472		1,472
Commercial US	—		—		—		—		35,326		35,326

Mortgage loans	146		76		—		222		1,986		2,208






Auto loans	—		—		—		—		296		296
Total	$	146	$	76	$	—	$	222	$	39,080	$	39,302

There were no outstanding commitments to lend additional funds to debtors experiencing financial difficulties at June 30, 2026 and 2025.

As of June 30, 2026, and December 31, 2025, the recorded investment on residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure amounted to $32.8 million and $33.6 million, respectively. OFG commences the foreclosure process on residential real estate loans when a borrower becomes 120 days delinquent. Puerto Rico and the U.S. Virgin Islands (the “USVI”) require the foreclosure to be processed through their respective courts. Foreclosure timelines vary according to local law and investor guidelines. Occasionally, foreclosures may be delayed due to, among other reasons, mandatory mediation, bankruptcy, court delays and property title issues.

Collateral-dependent Loans

The table below presents the amortized cost of commercial collateral-dependent loans held-for-investment at June 30, 2026, and December 31, 2025, by class of loans.


	June 30,		December 31,

	2026		2025
	(In thousands)
Commercial PR:
Commercial loans secured by real estate	$	2,987	$	3,065
Other commercial and industrial	1,240		—
Total	$	4,227	$	3,065

PCD loans, except for single-pooled loans, are not included in the table above as their unit of account is the loan pool.

Credit Quality Indicators

OFG categorizes its commercial loans into loan grades based on relevant information about the ability of borrowers to service their debts, such as economic conditions, portfolio risk characteristics, prior loss experience, and the results of periodic credit reviews of individual loans.

OFG uses the following definitions for loan grades:

Pass: Loans classified as “pass” have a well-defined primary source of repayment very likely to be sufficient, with no apparent risk, strong financial position, minimal operating risk, profitability, liquidity and capitalization better than industry standards.

Special Mention: Loans classified as “special mention” have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date.

Substandard: Loans classified as “substandard” are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Doubtful: Loans classified as “doubtful” have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values, questionable and improbable.

Loss: Loans classified as “loss” are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this worthless loan even though partial recovery may be effected in the future.

Loans not meeting the criteria above that are analyzed individually as part of such process are considered to be pass loans.

As of June 30, 2026, and based on the most recent analysis performed, the risk category of loans held-for-investment subject to risk rating by class of loans, and current year-to-date period gross charge-offs by year of origination are as follows:


	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2026		2025		2024		2023		2022		Prior
	(In thousands)
Commercial PR:
Commercial secured by real estate:
Loan grade:
Pass	$	129,180	$	312,027	$	146,962	$	172,524	$	157,836	$	266,329	$	46,156	$	1,231,014
Special Mention	—		2,841		—		13,185		3,544		4,223		—		23,793
Substandard	1,203		—		4,062		290		1,161		5,388		884		12,988
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial secured by real estate	130,383		314,868		151,024		185,999		162,541		275,940		47,040		1,267,795
Commercial secured by real estate:
YTD gross charge-offs	—		—		—		4		—		—		—		4
Other commercial and industrial:
Loan grade:
Pass	144,429		165,780		71,736		109,782		28,474		29,954		809,851		1,360,006
Special Mention	—		—		124		889		11,248		13,442		11,309		37,012
Substandard	—		1,884		6,262		2,223		1,321		856		1,921		14,467
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total other commercial and industrial:	144,429		167,664		78,122		112,894		41,043		44,252		823,081		1,411,485
Other commercial and industrial:
YTD gross charge-offs	84		142		578		—		135		14,358		—		15,297
Commercial US:
Loan grade:
Pass	124,471		187,246		39,421		78,721		12,205		44,898		322,033		808,995
Special Mention	—		—		6,881		—		—		—		9,754		16,635
Substandard	552		—		9,828		24,600		9,471		—		—		44,451
Doubtful	—		—		1,373		—		—		—		—		1,373
Loss	—		—		—		—		—		—		—		—
Total Commercial US:	125,023		187,246		57,503		103,321		21,676		44,898		331,787		871,454
Commercial US:
YTD gross charge-offs	—		1,608		—		—		3,934		—		—		5,542
Total commercial loans	$	399,835	$	669,778	$	286,649	$	402,214	$	225,260	$	365,090	$	1,201,908	$	3,550,734
Total YTD gross charge-offs	$	84	$	1,750	$	578	$	4	$	4,069	$	14,358	$	—	$	20,843

As of December 31, 2025, and based on the most recent analysis performed, the risk category of loans held-for-investment subject to risk rating by class of loans, and current year-to-date period gross charge-offs by year of origination are as follows:


	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2025		2024		2023		2022		2021		Prior
	(In thousands)
Commercial PR:
Commercial secured by real estate:
Loan grade:
Pass	$	305,802	$	150,531	$	175,834	$	163,812	$	151,931	$	189,743	$	46,539	$	1,184,192
Special Mention	3,662		4,409		13,388		3,604		20,966		2,105		—		48,134
Substandard	—		—		335		1,147		1,324		4,389		2,125		9,320
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total commercial secured by real estate	309,464		154,940		189,557		168,563		174,221		196,237		48,664		1,241,646
Commercial secured by real estate:
YTD gross charge-offs	—		—		13		—		184		1,799		—		1,996
Other commercial and industrial:
Loan grade:
Pass	185,535		124,680		194,517		30,738		17,356		22,222		672,040		1,247,088
Special Mention	—		5,959		700		14,306		14,001		165		11,872		47,003
Substandard	716		36		1,844		938		45,836		269		929		50,568
Doubtful	—		—		—		—		—		—		—		—
Loss	—		—		—		—		—		—		—		—
Total other commercial and industrial:	186,251		130,675		197,061		45,982		77,193		22,656		684,841		1,344,659
Other commercial and industrial:
YTD gross charge-offs	19		43		2,127		1,091		60		2,508		—		5,848
Commercial US:
Loan grade:
Pass	208,442		46,657		85,994		12,989		29,381		25,889		292,541		701,893
Special Mention	—		2,473		—		—		—		—		53,886		56,359
Substandard	6,419		8,447		25,069		15,429		—		—		14,871		70,235
Doubtful	—		1,488		—		—		—		—		—		1,488
Loss	—		—		—		—		—		—		—		—
Total Commercial US:	214,861		59,065		111,063		28,418		29,381		25,889		361,298		829,975
Commercial US:
YTD gross charge-offs	—		—		9		2,963		3,647		—		—		6,619
Total commercial loans	$	710,576	$	344,680	$	497,681	$	242,963	$	280,795	$	244,782	$	1,094,803	$	3,416,280
Total YTD gross charge-offs	$	19	$	43	$	2,149	$	4,054	$	3,891	$	4,307	$	—	$	14,463

At June 30, 2026, and December 31, 2025, the balance of revolving commercial loans converted to term loans was $168.5 million and $169.5 million, respectively.

OFG considers the performance of the loan portfolio and its impact on the ACL. For mortgage and consumer loan classes, OFG also evaluates credit quality based on the aging status of the loan and payment activity. The following table presents the amortized cost in mortgage and consumer loans held-for-investment based on payment performance as of June 30, 2026, and current year-to-date period gross charge-offs by year of origination:


	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2026		2025		2024		2023		2022		Prior
	(In thousands)
Mortgage loans:

Performing	$	44,804	$	60,995	$	35,925	$	15,412	$	21,691	$	462,863	$	—	$	641,690
Nonperforming	—		—		744		970		690		13,834		—		16,238
Total mortgage loans:	44,804		60,995		36,669		16,382		22,381		476,697		—		657,928
Mortgage loans:
YTD gross charge-offs	—		—		—		—		—		66		—		66
Consumer loans:
Personal loans:

Performing	141,191		202,570		130,078		87,287		53,292		27,367		—		641,785
Nonperforming	71		811		916		690		461		256		—		3,205
Total personal loans	141,262		203,381		130,994		87,977		53,753		27,623		—		644,990
Personal loans:
YTD gross charge-offs	6		2,630		5,532		3,442		2,301		863		—		14,774
Credit lines:

Performing	—		—		—		—		—		—		8,679		8,679
Nonperforming	—		—		—		—		—		—		181		181
Total credit lines	—		—		—		—		—		—		8,860		8,860
Credit lines:
YTD gross charge-offs	—		—		—		—		—		—		135		135
Credit cards:

Performing	—		—		—		—		—		—		31,858		31,858
Nonperforming	—		—		—		—		—		—		412		412
Total credit cards	—		—		—		—		—		—		32,270		32,270
Credit cards:
YTD gross charge-offs	—		—		—		—		—		—		1,357		1,357
Overdrafts:

Performing	—		—		—		—		—		—		763		763
Nonperforming	—		—		—		—		—		—		—		—
Total overdrafts	—		—		—		—		—		—		763		763
Overdrafts:
YTD gross charge-offs	—		—		—		—		—		—		319		319
Total consumer loans	141,262		203,381		130,994		87,977		53,753		27,623		41,893		686,883
Total consumer loans YTD gross charge-offs	6		2,630		5,532		3,442		2,301		863		1,811		16,585
Total mortgage and consumer loans	$	186,066	$	264,376	$	167,663	$	104,359	$	76,134	$	504,320	$	41,893	$	1,344,811
Total mortgage and consumer loans YTD gross charge-offs	$	6	$	2,630	$	5,532	$	3,442	$	2,301	$	929	$	1,811	$	16,651

The following table presents the amortized cost in mortgage and consumer loans held-for-investment based on payment performance as of December 31, 2025, and the current year-to-date period gross charge-offs by year of origination:


	Term Loans Amortized Cost Basis by Origination Year												Revolving Loans Amortized Cost Basis		Total
	2025		2024		2023		2022		2021		Prior
	(In thousands)
Mortgage loans:

Performing	$	62,161	$	38,139	$	17,443	$	22,041	$	28,000	$	453,871	$	—	$	621,655
Nonperforming	—		1,001		1,032		323		471		14,573		—		17,400
Total mortgage loans:	62,161		39,140		18,475		22,364		28,471		468,444		—		639,055
Mortgage loans:
YTD gross charge-offs	—		—		23		—		—		11		—		34
Consumer loans:
Personal loans:

Performing	250,051		169,085		111,204		69,607		24,860		10,578		—		635,385
Nonperforming	375		981		968		836		358		82		—		3,600
Total personal loans	250,426		170,066		112,172		70,443		25,218		10,660		—		638,985
Personal loans:
YTD gross charge-offs	805		9,316		9,463		6,809		1,586		618		—		28,597
Credit lines:

Performing	—		—		—		—		—		—		9,247		9,247
Nonperforming	—		—		—		—		—		—		80		80
Total credit lines	—		—		—		—		—		—		9,327		9,327
Credit lines:
YTD gross charge-offs	—		—		—		—		—		—		215		215
Credit cards:

Performing	—		—		—		—		—		—		33,602		33,602
Nonperforming	—		—		—		—		—		—		698		698
Total credit cards	—		—		—		—		—		—		34,300		34,300
Credit cards:
YTD gross charge-offs	—		—		—		—		—		—		2,394		2,394
Overdrafts:

Performing	—		—		—		—		—		—		634		634
Nonperforming	—		—		—		—		—		—		—		—
Total overdrafts	—		—		—		—		—		—		634		634
Overdrafts:
YTD gross charge-offs	—		—		—		—		—		—		743		743
Total consumer loans	250,426		170,066		112,172		70,443		25,218		10,660		44,261		683,246
Total consumer loans YTD gross charge-offs	805		9,316		9,463		6,809		1,586		618		3,352		31,949
Total mortgage and consumer loans	$	312,587	$	209,206	$	130,647	$	92,807	$	53,689	$	479,104	$	44,261	$	1,322,301
Total mortgage and consumer loans YTD gross charge-offs	$	805	$	9,316	$	9,486	$	6,809	$	1,586	$	629	$	3,352	$	31,983

At June 30, 2026, and December 31, 2025, the balance of mortgage and consumer revolving loans that were converted to term loans was $2.5 million and $2.6 million, respectively.

OFG evaluates credit quality for auto loans based on FICO score. The following table presents the amortized cost in auto loans held-for-investment based on their most recent FICO score as of June 30, 2026, and the current year-to-date period gross charge-offs by year of origination:


	Term Loans Amortized Cost Basis by Origination Year												Total
	2026		2025		2024		2023		2022		Prior
	(In thousands)
Auto loans:
FICO score:
1-660	$	52,015	$	151,444	$	175,148	$	147,654	$	109,367	$	73,401	$	709,029
661-699	71,889		116,419		85,761		58,126		35,193		21,533		388,921
700+	222,203		428,636		375,522		249,608		138,382		83,869		1,498,220
No FICO	1,687		7,592		7,565		4,883		3,584		2,281		27,592
Total auto loans	$	347,794	$	704,091	$	643,996	$	460,271	$	286,526	$	181,084	$	2,623,762
Auto loans:
YTD gross charge-offs	$	38	$	7,095	$	9,521	$	7,972	$	4,536	$	3,417	$	32,579

The following table presents the amortized cost in auto loans held-for-investment based on their most recent FICO score as of December 31, 2025, and the current year-to-date period gross charge-offs by year of origination:


	Term Loans Amortized Cost Basis by Origination Year												Total
	2025		2024		2023		2022		2021		Prior
	(In thousands)
Auto loans:
FICO score:
1-660	$	136,367	$	194,255	$	172,718	$	133,219	$	67,654	$	37,008	$	741,221
661-699	142,244		105,568		71,691		44,588		21,474		10,979		396,544
700+	459,063		428,538		291,963		166,563		83,376		43,203		1,472,706
No FICO	6,198		8,017		5,152		4,038		2,103		911		26,419
Total auto loans	$	743,872	$	736,378	$	541,524	$	348,408	$	174,607	$	92,101	$	2,636,890
Auto loans:
YTD gross charge-offs	$	3,565	$	18,326	$	21,419	$	14,164	$	6,275	$	5,058	$	68,807

Upon adoption of CECL, OFG elected to maintain pools of loans that were previously accounted for under ASC 310-30 and will continue to account for these pools as a unit of account. As such, PCD loans are not included in the preceding tables.

As of June 30, 2026, and December 31, 2025, accrued interest receivable on loans totaled $59.4 million and $59.8 million, respectively, and is 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 on accrued interest receivable on loans.