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Loans

9 Months Ended

Sep. 30, 2021

NOTE 4 - LOANS

OFG’s loan portfolio is composed of four segments, commercial, mortgage, consumer and auto. 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 September 30, 2021 and December 31, 2020 was as follows:

	September 30, 2021						December 31, 2020
	Non-PCD		PCD		Total		Non-PCD		PCD		Total
	(In thousands)						(In thousands)
Commercial loans:
Commercial secured by real estate	$	809,107	$	210,538	$	1,019,645	$	807,284	$	243,229	$	1,050,513
Other commercial and industrial		722,859		29,016		751,875		647,444		39,931		687,375
Commercial Paycheck Protection Program (PPP Loans)		136,698		-		136,698		289,218		-		289,218
US commercial loans		422,838		-		422,838		374,904		-		374,904
		2,091,502		239,554		2,331,056		2,118,850		283,160		2,402,010
Mortgage		751,389		1,270,854		2,022,243		847,102		1,459,932		2,307,034
Consumer:
Personal loans		310,488		623		311,111		313,257		1,043		314,300
Credit lines		15,673		336		16,009		20,146		351		20,497
Credit cards		47,292		-		47,292		56,185		-		56,185
Overdraft		219		-		219		305		-		305
Auto		1,667,113		15,820		1,682,933		1,534,269		27,533		1,561,802
		2,040,785		16,779		2,057,564		1,924,162		28,927		1,953,089
		4,883,676		1,527,187		6,410,863		4,890,114		1,772,019		6,662,133
Allowance for credit losses		(138,874)		(41,998)		(180,872)		(161,015)		(43,794)		(204,809)
Total loans held for investment		4,744,802		1,485,189		6,229,991		4,729,099		1,728,225		6,457,324
Mortgage loans held for sale		35,031		-		35,031		41,654		-		41,654
Other loans held for sale		17,463		-		17,463		2,281		-		2,281
Total loans held for sale		52,494		-		52,494		43,935		-		43,935
Total loans, net	$	4,797,296	$	1,485,189	$	6,282,485	$	4,773,034	$	1,728,225	$	6,501,259

At September 30, 2021 and December 31, 2020, OFG had carrying balances of $87.1 million and $99.1 million, respectively, in loans held for investment granted to the Puerto Rico government, including its instrumentalities, public corporations and municipalities, as part of the institutional commercial loan segment. The Bank’s loans to the Puerto Rico government amounting to $86.0 million and $98.0 million at September 30, 2021 and December 31, 2020, respectively, 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 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 September 30, 2021 and December 31, 2020, by class of loans. Mortgage loans past due include $19.9 million and $56.2 million, respectively, of delinquent loans in the GNMA buy-back option program. 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.

	September 30, 2021
													Loans 90+
													Days Past
													Due and
	30-59 Days		60-89 Days		90+ Days		Total Past						Still
	Past Due		Past Due		Past Due		Due		Current		Total Loans		Accruing
	(In thousands)
Commercial
Commercial secured by real estate	$	2,745	$	51	$	8,630	$	11,426	$	797,681	$	809,107	$	-
Other commercial and industrial		662		463		962		2,087		857,470		859,557		-
US commercial loans		229		-		-		229		422,609		422,838		-
		3,636		514		9,592		13,742		2,077,760		2,091,502		-
Mortgage		8,364		6,877		62,860		78,101		673,288		751,389		3,078
Consumer
Personal loans		2,442		1,143		1,110		4,695		305,793		310,488		-
Credit lines		331		87		312		730		14,943		15,673		-
Credit cards		717		207		577		1,501		45,791		47,292		-
Overdraft		58		-		3		61		158		219		-
Auto		51,371		24,891		11,411		87,673		1,579,440		1,667,113		-
		54,919		26,328		13,413		94,660		1,946,125		2,040,785		-
Total loans	$	66,919	$	33,719	$	85,865	$	186,503	$	4,697,173	$	4,883,676	$	3,078

	December 31, 2020
													Loans 90+
													Days Past
													Due and
	30-59 Days		60-89 Days		90+ Days		Total Past						Still
	Past Due		Past Due		Past Due		Due		Current		Total Loans		Accruing
	(In thousands)
Commercial
Commercial secured by real estate	$	2,781	$	750	$	17,862	$	21,393	$	785,891	$	807,284	$	-
Other commercial and industrial		1,674		234		4,695		6,603		930,059		936,662		-
US commercial loans		2,604		-		-		2,604		372,300		374,904		-
		7,059		984		22,557		30,600		2,088,250		2,118,850		-
Mortgage		8,475		15,100		102,291		125,866		721,236		847,102		3,974
Consumer
Personal loans		4,784		2,515		2,062		9,361		303,896		313,257		-
Credit lines		1,046		329		506		1,881		18,265		20,146		-
Credit cards		1,357		824		1,585		3,766		52,419		56,185		-
Overdraft		138		-		-		138		167		305		-
Auto		57,176		31,181		20,485		108,842		1,425,427		1,534,269		-
		64,501		34,849		24,638		123,988		1,800,174		1,924,162		-
Total loans	$	80,035	$	50,933	$	149,486	$	280,454	$	4,609,660	$	4,890,114	$	3,974

Upon adoption of Current Expected Credit Losses accounting standard (“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 tables above.

Non-accrual Loans

The following table presents the amortized cost basis of loans on nonaccrual status as of September 30, 2021 and December 31, 2020:


	September 30, 2021						December 31, 2020
	Nonaccrual with		Nonaccrual with no				Nonaccrual with		Nonaccrual with no
	Allowance		Allowance				Allowance		Allowance
	for Credit Loss		for Credit Loss		Total		for Credit Loss		for Credit Loss		Total
	(In thousands)						(In thousands)
Non-PCD:
Commercial
Commercial secured by real estate	$	6,906	$	19,520	$	26,426	$	15,225	$	21,462	$	36,687
Other commercial and industrial		1,704		343		2,047		2,138		3,174		5,312
		8,610		19,863		28,473		17,363		24,636		41,999
Mortgage		20,112		22,280		42,392		25,683		17,747		43,430
Consumer
Personal loans		1,006		305		1,311		1,752		377		2,129
Personal lines of credit		312		-		312		509		-		509
Credit cards		577		-		577		1,586		-		1,586
Auto and leasing		12,054		1		12,055		20,766		-		20,766
		13,949		306		14,255		24,613		377		24,990
Total non-accrual loans	$	42,671	$	42,449	$	85,120	$	67,659	$	42,760	$	110,419

PCD:
Commercial
Commercial secured by real estate	$	28,334	$	7,319	$	35,653	$	31,338	$	4,031	$	35,369
Other commercial and industrial		1,103		42		1,145		1,102		-		1,102
		29,437		7,361		36,798		32,440		4,031		36,471
Mortgage		2,030		-		2,030		1,003		-		1,003
Consumer
Personal loans		-		-		-		1		-		1
		-		-		-		1		-		1
Total non-accrual loans	$	31,467	$	7,361	$	38,828	$	33,444	$	4,031	$	37,475
	$	74,138	$	49,810	$	123,948	$	101,103	$	46,791	$	147,894

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.

At September 30, 2021 and December 31, 2020, loans whose terms have been extended and which were classified as troubled-debt restructurings that were not included in non-accrual loans amounted to $122.5 million and $113.9 million, respectively, as they were performing under their new terms.

Modifications

OFG offers various types of concessions when modifying a loan. Concessions made to the original contractual terms of the loan typically consists of the deferral of interest and/or principal payments due to deterioration in the borrowers' financial condition. In these cases, the principal balance on the TDR had matured and/or was in default at the time of restructure. The amount of outstanding commitments to lend additional funds to commercial borrowers whose terms have been modified in TDRs amounted to $2.1 million and $7.7 million at September 30, 2021 and December 31, 2020, respectively.

The following table presents the troubled-debt restructurings in all loan portfolios as of September 30, 2021 and December 31, 2020.


	September 30, 2021
							Related
	Accruing		Non-accruing		Total		Allowance
	(In thousands)
Commercial
Commercial secured by real estate	$	11,285	$	14,606	$	25,891	$	304
US commercial loans		7,156		-		7,156		176
Other commercial and industrial		3,038		337		3,375		46
		21,479		14,943		36,422		526
Mortgage		97,113		11,420		108,533		4,214
Consumer
Personal loans		3,662		201		3,863		182
Auto and leasing		246		22		268		17
		3,908		223		4,131		199
Total loans	$	122,500	$	26,586	$	149,086	$	4,939


	December 31, 2020
							Related
	Accruing		Non-accruing		Total		Allowance
	(In thousands)
Commercial
Commercial secured by real estate	$	10,047	$	16,609	$	26,656	$	223
US commercial loans		7,157		-		7,157		345
Other commercial and industrial		3,872		375		4,247		59
		21,076		16,984		38,060		627
Mortgage		87,539		11,202		98,741		4,882
Consumer
Personal loans		4,944		67		5,011		257
Auto and leasing		331		44		375		23
		5,275		111		5,386		280
Total loans	$	113,890	$	28,297	$	142,187	$	5,789

The following table presents the troubled-debt restructurings by loan portfolios and modification type as of September 30, 2021 and December 31, 2020.

	September 30, 2021
					Combination of reduction
	Reduction in		Maturity or term		in interest rate
	interest rate		extension		and extension of maturity		Forbearance		Total
	(In thousands)
Commercial
Commercial secured by real estate	$	861	$	1,289	$	20,467	$	3,274	$	25,891
US commercial loans		7,156		-		-		-		7,156
Other commercial and industrial		693		2,123		529		30		3,375
		8,710		3,412		20,996		3,304		36,422
Mortgage		33,309		7,237		32,761		35,226		108,533
Consumer
Personal loans		1,789		312		1,528		234		3,863
Auto and leasing		77		-		31		160		268
		1,866		312		1,559		394		4,131
Total loans	$	43,885	$	10,961	$	55,316	$	38,924	$	149,086


	December 31, 2020
					Combination of reduction
	Reduction in		Maturity or term		in interest rate
	interest rate		extension		and extension of maturity		Forbearance		Total
	(In thousands)
Commercial
Commercial secured by real estate	$	740	$	3,926	$	21,990	$	-	$	26,656
US commercial loans		7,157		-		-		-		7,157
Other commercial and industrial		718		2,960		569		-		4,247
		8,615		6,886		22,559		-		38,060
Mortgage		27,593		6,271		29,734		35,143		98,741
Consumer
Personal loans		2,315		407		1,896		393		5,011
Auto and leasing		38		-		38		299		375
		2,353		407		1,934		692		5,386
Total loans	$	38,561	$	13,564	$	54,227	$	35,835	$	142,187

TDRs disclosed above were not related to Covid-19 modifications. Section 4013 of CARES Act and the "Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised)" provided banks an option to elect to not account for certain loan modifications related to Covid-19 as TDRs as long as the borrowers were not more than 30 days past due as of both December 31, 2019 and at the time of implementation of the modification program, and the borrowers met other applicable criteria. As of September 30, 2021 and December 31, 2020 there were $46.5 million and $95.7 million, respectively, of loans deferred as a result of the Covid-19 pandemic that were not classified as a TDR, which consist of commercial loans in the hospitality industry and FHA and VA insured mortgage loans.

Upon adoption of CECL, Oriental 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 table above.

Loan modifications that are considered TDR loans completed during the quarters and nine-month periods ended September 30, 2021 and 2020 were as follows:


	Quarter Ended September 30, 2021
	Number of contracts	Pre-Modification Outstanding Recorded Investment		Pre-Modification Weighted Average Rate	Pre-Modification Weighted Average Term (in Months)	Post-Modification Outstanding Recorded Investment		Post-Modification Weighted Average Rate	Post-Modification Weighted Average Term (in Months)
	(Dollars in thousands)
Mortgage	40	$	5,691	4.52%	349	$	5,845	3.52%	350
Consumer	5		77	16.64%	67		77	12.19%	81
Auto	1		22	6.75%	84		22	6.00%	48

	Nine-Month Period Ended September 30, 2021
	Number of contracts	Pre-Modification Outstanding Recorded Investment		Pre-Modification Weighted Average Rate	Pre-Modification Weighted Average Term (in Months)	Post-Modification Outstanding Recorded Investment		Post-Modification Weighted Average Rate	Post-Modification Weighted Average Term (in Months)
	(Dollars in thousands)
Mortgage	110	$	14,352	4.29%	321	$	14,305	3.57%	346
Commercial	3		1,176	4.72%	157		1,085	5.95%	60
Consumer	14		232	13.97%	69		233	10.40%	77
Auto	9		148	8.70%	72		148	9.35%	49

	Quarter Ended September 30, 2020
	Number of contracts	Pre-Modification Outstanding Recorded Investment		Pre-Modification Weighted Average Rate	Pre-Modification Weighted Average Term (in Months)	Post-Modification Outstanding Recorded Investment		Post-Modification Weighted Average Rate	Post-Modification Weighted Average Term (in Months)
	(Dollars in thousands)
Mortgage	22		2,438	4.98%	286		2,268	4.36%	285
Consumer	1		150	5.50%	12		150	8.00%	36
Consumer	2		32	13.68%	68		32	10.61%	68
Auto	29		187	10.63%	76		187	10.87%	73

	Nine-Month Period Ended September 30, 2020
	Number of contracts	Pre-Modification Outstanding Recorded Investment		Pre-Modification Weighted Average Rate	Pre-Modification Weighted Average Term (in Months)	Post-Modification Outstanding Recorded Investment		Post-Modification Weighted Average Rate	Post-Modification Weighted Average Term (in Months)
	(Dollars in thousands)
Mortgage	51	$	5,982	5.04%	327	$	5,736	4.34%	329
Commercial	3		581	6.71%	57		581	7.03%	135
Consumer	20		284	13.11%	67		289	10.63%	78
Auto	31		217	10.88%	74		219	11.02%	71

The following table presents troubled-debt restructurings for which there was a payment default during the twelve-month periods ended September 30, 2021 and 2020:

	Twelve month period ended September 30,
	2021			2020
	Number of Contracts	Recorded Investment		Number of Contracts	Recorded Investment
	(Dollars in thousands)
Mortgage	23	$	2,569	17	$	2,394
Commercial	-	$	-	1	$	84
Consumer	2	$	24	50	$	627

As of September 30, 2021, the recorded investment on residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure amounted to $24.6 million. OFG commences the foreclosure process on residential real estate loans when a borrower becomes 120 days delinquent. Puerto Rico and the USVI require the foreclosure to be processed through the territories’ courts. Foreclosure timelines vary according to local law and investor guidelines. Occasionally, foreclosures may be delayed due to, among other reasons, mandatory mediations, bankruptcy, court delays and title issues.

Collateral-dependent Loans

The table below present the amortized cost of collateral-dependent loans held for investment at September 30, 2021 and December 31, 2020, by class of loans.

	September 30, 2021		December 31, 2020
	(In thousands)
Commercial loans:
Commercial secured by real estate	$	10,439	$	29,279

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 loans into loan grades based on relevant information about the ability of borrowers to service their debt, 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 the above described process are considered to be pass loans.

As of September 30, 2021 and based on the most recent analysis performed, the risk category of loans subject to risk rating by class of loans is as follows.

	Term Loans												Revolving
	Amortized Cost Basis by Origination Year												Loans
													Amortized
	2021		2020		2019		2018		2017		Prior		Cost Basis		Total
	(In thousands)
Commercial:
Commercial secured by real estate:
Loan grade:
Pass	$	80,537	$	121,695	$	95,742	$	102,357	$	56,184	$	196,155	$	37,427	$	690,097
Special Mention		662		637		51,735		3,964		12,212		4,327		2,195		75,732
Substandard		832		10,703		57		870		8,259		20,447		1,343		42,511
Doubtful		-		-		-		-		-		23		744		767
Loss		-		-		-		-		-		-		-		-
Total commercial secured by real estate		82,031		133,035		147,534		107,191		76,655		220,952		41,709		809,107
Other commercial and industrial:
Loan grade:
Pass		291,626		105,885		51,320		61,434		10,038		6,299		319,053		845,655
Special Mention		21		66		7,542		155		14		-		3,936		11,734
Substandard		405		21		209		421		70		26		961		2,113
Doubtful		-		-		-		-		-		-		55		55
Loss		-		-		-		-		-		-		-		-
Total other commercial and industrial:		292,052		105,972		59,071		62,010		10,122		6,325		324,005		859,557
US commercial loans:
Loan grade:
Pass		83,239		61,198		47,191		55,605		-		-		130,408		377,641
Special Mention		-		-		1,516		26,849		-		-		-		28,365
Substandard		-		7,156		-		9,676		-		-		-		16,832
Doubtful		-		-		-		-		-		-		-		-
Loss		-		-		-		-		-		-		-		-
Total US commercial loans:		83,239		68,354		48,707		92,130		-		-		130,408		422,838
Total commercial loans	$	457,322	$	307,361	$	255,312	$	261,331	$	86,777	$	227,277	$	496,122	$	2,091,502

As of December 31, 2020 the risk category of loans subject to risk rating by class of loans is as follows.

	Term Loans
	Amortized Cost Basis by Origination Year												Revolving
													Loans
													Amortized
	2020		2019		2018		2017		2016		Prior		Cost Basis		Total
	(In thousands)
Commercial
Commercial secured by real estate:
Loan grade:
Pass	$	113,474	$	105,156	$	106,283	$	81,338	$	44,008	$	187,189	$	30,686		$	668,134
Special Mention		10,592		20,605		5,233		11,771		8,514		3,090		37,680			97,485
Substandard		183		63		758		8,923		584		23,746		7,331			41,588
Doubtful		-		-		-		-		-		77		-			77
Loss		-		-		-		-		-		-		-			-
Total commercial secured by real estate		124,249		125,824		112,274		102,032		53,106		214,102		75,697			807,284
Other commercial and industrial:
Loan grade:
Pass		384,901		84,433		75,023		14,502		8,326		7,922		300,429			875,536
Special Mention		151		8,242		19,626		-		-		3,337		23,732			55,088
Substandard		207		66		486		164		2,809		119		2,122			5,973
Doubtful		-		-		-		-		-		-		65			65
Loss		-		-		-		-		-		-		-			-
Total other commercial and industrial:		385,259		92,741		95,135		14,666		11,135		11,378		326,348			936,662
US commercial loans:
Loan grade:
Pass		68,688		62,264		77,762		7,124		-		-		98,324			314,162
Special Mention		-		1,501		33,282		-		-		-		1,250			36,033
Substandard		7,156		-		17,553		-		-		-		-			24,709
Total US commercial loans		75,844		63,765		128,597		7,124		-		-		99,574			374,904
Total Commercial	$	585,352	$	282,330	$	336,006	$	123,822	$	64,241	$	225,480	$	501,619		$	2,118,850

At September 30, 2021 and December 31, 2020, the balance of revolving loans converted to term loans was $17.8 million and $21.0 million, respectively.

OFG considers the performance of the loan portfolio and its impact on the allowance for credit losses. For mortgage and consumer loan classes, OFG also evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following tables presents the amortized cost in mortgage and consumer loans based on payment activity as of September 30, 2021:

															Revolving Loans
	Term Loans												Revolving		Converted to
	Amortized Cost Basis by Origination Year												Loans		Term Loans
													Amortized		Amortized
	2021		2020		2019		2018		2017		Prior		Cost Basis		Cost Basis		Total
	(In thousands)
Mortgage:
Payment performance:
Performing	$	15,422	$	16,534	$	15,722	$	19,934	$	25,483	$	606,682	$	-	$	-	$	699,777
Nonperforming		-		126		329		315		1,890		48,952		-		-		51,612
Total mortgage loans:		15,422		16,660		16,051		20,249		27,373		655,634		-		-		751,389
Consumer:
Personal loans:
Payment performance:
Performing		106,438		63,963		77,261		36,185		15,855		9,475		-		-		309,177
Nonperforming		187		149		318		207		43		407		-		-		1,311
Total personal loans		106,625		64,112		77,579		36,392		15,898		9,882		-		-		310,488
Credit lines:
Payment performance:
Performing		-		-		-		-		-		-		15,361		-		15,361
Nonperforming		-		-		-		-		-		-		312		-		312
Total credit lines		-		-		-		-		-		-		15,673		-		15,673
Credit cards:
Payment performance:
Performing		-		-		-		-		-		-		46,715		-		46,715
Nonperforming		-		-		-		-		-		-		577		-		577
Total credit cards		-		-		-		-		-		-		47,292		-		47,292
Overdrafts:
Payment performance:
Performing		-		-		-		-		-		-		219		-		219
Nonperforming		-		-		-		-		-		-		-		-		-
Total overdrafts		-		-		-		-		-		-		219		-		219
Total consumer loans		106,625		64,112		77,579		36,392		15,898		9,882		63,184		-		373,672
Total mortgage and consumer loans	$	122,047	$	80,772	$	93,630	$	56,641	$	43,271	$	665,516	$	63,184	$	-	$	1,125,061

The following tables presents the amortized cost in mortgage and consumer loans based on payment activity as of December 31, 2020:

															Revolving Loans
	Term Loans												Revolving		Converted to
	Amortized Cost Basis by Origination Year												Loans		Term Loans
													Amortized		Amortized
	2020		2019		2018		2017		2016		Prior		Cost Basis		Cost Basis		Total
	(In thousands)
Mortgage:
Payment performance:
Performing	$	14,842	$	20,516	$	27,359	$	33,088	$	38,637	$	664,941	$	-	$	-	$	799,383
Nonperforming		-		347		722		894		950		44,806		-		-		47,719
Total mortgage loans:		14,842		20,863		28,081		33,982		39,587		709,747		-		-		847,102
Consumer:
Personal loans:
Payment performance:
Performing		88,653		115,295		58,009		28,424		13,565		7,181		-		-		311,127
Nonperforming		201		591		492		318		134		394		-		-		2,130
Total personal loans		88,854		115,886		58,501		28,742		13,699		7,575		-		-		313,257
Credit lines:
Payment performance:
Performing		-		-		-		-		-		-		19,635		-		19,635
Nonperforming		-		-		-		-		-		-		511		-		511
Total credit lines		-		-		-		-		-		-		20,146		-		20,146
Credit cards:
Payment performance:
Performing		-		-		-		-		-		-		54,599		-		54,599
Nonperforming		-		-		-		-		-		-		1,586		-		1,586
Total credit cards		-		-		-		-		-		-		56,185		-		56,185
Overdrafts:
Payment performance:
Performing		-		-		-		-		-		-		305		-		305
Nonperforming		-		-		-		-		-		-		-		-		-
Total overdrafts		-		-		-		-		-		-		305		-		305
Total consumer loans		88,854		115,886		58,501		28,742		13,699		7,575		76,636		-		389,893
Total mortgage and consumer loans	$	103,696	$	136,749	$	86,582	$	62,724	$	53,286	$	717,322	$	76,636	$	-	$	1,236,995

OFG evaluates credit quality for auto loans and leases based on FICO score. The following table presents the amortized cost in auto loans and leases based on their most recent FICO score as of September 30, 2021 and December 31, 2020:

	Term Loans
	Amortized Cost Basis by Origination Year
	As of September 30, 2021

	2021		2020		2019		2018		2017		Prior		Total
	(In thousands)
Auto:
FICO score:
1-660		121,947		100,243		86,861		73,485		41,998		28,836		453,370
661-699		99,168		80,757		53,171		36,727		19,139		13,347		302,309
700+		186,415		183,076		199,477		145,310		70,449		48,066		832,793
No FICO		25,113		14,053		18,215		11,050		6,119		4,091		78,641
Total auto:	$	432,643	$	378,129	$	357,724	$	266,572	$	137,705	$	94,340	$	1,667,113

	Term Loans
	Amortized Cost Basis by Origination Year
	As of December 31, 2020

	2020		2019		2018		2017		2016		Prior		Total
	(In thousands)
Auto:
FICO score:
1-660		121,878		112,476		97,725		56,935		30,307		22,360		441,681
661-699		84,673		68,698		44,633		23,308		13,571		9,031		243,914
700+		173,834		214,287		164,205		85,743		45,947		32,177		716,193
No FICO		21,512		42,597		33,305		18,127		9,656		7,284		132,481
Total auto:	$	401,897	$	438,058	$	339,868	$	184,113	$	99,481	$	70,852	$	1,534,269

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 tables above.