v3.26.1
BORROWINGS AND RELATED INTEREST (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Repurchase Agreements
The following table shows OFG’s repurchase agreements, excluding accrued interest in the amount of $85 thousand and $714 thousand at June 30, 2026, and December 31, 2025:
June 30,December 31,
20262025
(In thousands)
Short-term fixed-rate repurchase agreements, with a weighted average interest rate of 3.39% (December 31, 2025 - 3.62%)
$100,000 $100,000 
Repurchase agreement maturities at June 30, 2026, and December 31, 2025 were as follows:
June 30,December 31,
20262025
(In thousands)
Over 90 days to one year$100,000 $100,000 

The following securities were sold under agreements to repurchase at June 30, 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)
June 30, 2026
FNMA and FHLMC Certificates$109,135 $100,000 $109,105 4.86 %
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 $1.5 million and $1.6 million at June 30, 2026 and December 31, 2025, respectively:
June 30,December 31,
20262025
(In thousands)
Short-term fixed-rate advances from FHLB, with a weighted average interest rate of 4.09% (December 31, 2025 - 3.79%)
$455,000 $55,000 
Long-term fixed-rate advance from FHLB, with a weighted average interest rate of 4.13%
— 400,000 
$455,000 $455,000 
Advances from FHLB mature as follows:
June 30,December 31,
20262025
(In thousands)
Under 90 days$55,000 —
Over 90 days to one year400,000 55,000 
Over one to three years— 400,000 
$455,000 $455,000