INVESTMENT SECURITIES (Tables)

The amortized cost, gross unrealized gains and losses, fair value, weighted average yield and contractual maturities of the securities owned by OFG at June 30, 2026, and December 31, 2025, were as follows:


	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	%

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