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LOANS
 9 Months Ended
Sep. 30, 2022
Receivables [Abstract]  
LOANS LOANS
OFG’s loan portfolio is composed of four segments: commercial, mortgage, consumer, and auto loans and leases. 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, 2022 and December 31, 2021 was as follows:
September 30, 2022December 31, 2021
Non-PCDPCDTotalNon-PCDPCDTotal
(In thousands)
Commercial loans:
Commercial secured by real estate$954,762 $142,065 $1,096,827 $883,994 $176,186 $1,060,180 
Other commercial and industrial786,155 20,222 806,377 759,172 28,149 787,321 
Other commercial and industrial - Paycheck Protection Program (PPP Loans)14,082 — 14,082 86,889 — 86,889 
US commercial loans622,382 — 622,382 444,940 — 444,940 
2,377,381 162,287 2,539,668 2,174,995 204,335 2,379,330 
Mortgage679,831 1,059,448 1,739,279 718,848 1,188,423 1,907,271 
Consumer:
Personal loans463,203 375 463,578 346,859 546 347,405 
Credit lines13,243 363 13,606 14,775 370 15,145 
Credit cards43,383 — 43,383 46,795 — 46,795 
Overdraft354 — 354 330 — 330 
520,183 738 520,921 408,759 916 409,675 
Auto and leasing1,877,945 7,152 1,885,097 1,693,029 13,281 1,706,310 
5,455,340 1,229,625 6,684,965 4,995,631 1,406,955 6,402,586 
Allowance for credit losses(142,417)(12,745)(155,162)(132,065)(23,872)(155,937)
Total loans held for investment, net5,312,923 1,216,880 6,529,803 4,863,566 1,383,083 6,246,649 
Mortgage loans held for sale43,262 — 43,262 51,096 — 51,096 
Other loans held for sale17,963 — 17,963 31,566 — 31,566 
Total loans held for sale61,225 — 61,225 82,662 — 82,662 
Total loans, net$5,374,148 $1,216,880 $6,591,028 $4,946,228 $1,383,083 $6,329,311 
During the quarter ended September 30, 2022, OFG transferred to held for sale a commercial loan amounting to $3.3 million (net of $5.5 million charge-off), which was subsequently sold during October 2022. During the nine-month period ended September 30, 2022, OFG sold $21.9 million of past due mortgage loans held for sale. These mortgage loans were transferred to held for sale during the fourth quarter of 2021.
At September 30, 2022 and December 31, 2021, OFG had carrying balances of $73.4 million and $87.3 million, respectively, in loans held for investment granted to the Puerto Rico government, including its municipalities and public corporations, as part of the commercial loan segment. The Bank’s loans to the Puerto Rico government amounting to $73.4 million and $86.2 million at September 30, 2022 and December 31, 2021, respectively, were 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. At December 31, 2021, total loan exposure to the Puerto Rico government included a $1.1 million purchased credit-deteriorated (“PCD”) loan granted to a public corporation classified as non-accrual, which was repaid during the nine-month period ended September 30, 2022.
The tables below present the aging of the amortized cost of loans held for investment at September 30, 2022 and December 31, 2021, by class of loans. Mortgage loans past due include $29.1 million and $14.5 million of delinquent loans in the GNMA buy-back option program at September 30, 2022 and December 31, 2021, 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.
September 30, 2022
30-59 Days
Past Due		60-89 Days
Past Due		90+ Days
Past Due		Total Past
Due		CurrentTotal LoansLoans 90+
Days Past
Due and
Still
Accruing
(In thousands)
Commercial
Commercial secured by real estate$862 $9,509 $8,251 $18,622 $936,140 $954,762 $— 
Other commercial and industrial2,473 338 2,868 5,679 794,558 800,237 — 
US commercial loans41 — — 41 622,341 622,382 — 
3,376 9,847 11,119 24,342 2,353,039 2,377,381 — 
Mortgage9,649 6,120 52,859 68,628 611,203 679,831 2,218 
Consumer
Personal loans4,930 2,580 1,737 9,247 453,956 463,203 — 
Credit lines342 117 217 676 12,567 13,243 — 
Credit cards827 382 722 1,931 41,452 43,383 — 
Overdraft101 1 — 102 252 354 — 
6,200 3,080 2,676 11,956 508,227 520,183 — 
Auto and leasing74,231 37,406 20,870 132,507 1,745,438 1,877,945 — 
Total loans$93,456 $56,453 $87,524 $237,433 $5,217,907 $5,455,340 $2,218 
December 31, 2021
30-59 Day
Past Due		60-89 Days
Past Due		90+ Days
Past Due		Total Past
Due		CurrentTotal LoansLoans 90+
Days Past
Due and
Still
Accruing
(In thousands)
Commercial
Commercial secured by real estate$2,210 $102 $8,446 $10,758 $873,236 $883,994 $— 
Other commercial and industrial1,886 538 946 3,370 842,691 846,061 — 
US commercial loans— — — — 444,940 444,940 — 
4,096 640 9,392 14,128 2,160,867 2,174,995 — 
Mortgage8,704 7,855 43,468 60,027 658,821 718,848 2,346 
Consumer
Personal loans2,382 1,131 1,116 4,629 342,230 346,859 — 
Credit lines531 141 227 899 13,876 14,775 — 
Credit cards610 336 631 1,577 45,218 46,795 — 
Overdraft130 14 — 144 186 330 — 
3,653 1,622 1,974 7,249 401,510 408,759 — 
Auto and leasing60,038 30,234 13,461 103,733 1,589,296 1,693,029 — 
Total loans$76,491 $40,351 $68,295 $185,137 $4,810,494 $4,995,631 $2,346 
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 tables above. 
Non-accrual Loans
The following table presents the amortized cost basis of loans on nonaccrual status as of September 30, 2022 and December 31, 2021:
September 30, 2022December 31, 2021
Non-accrual with Allowance for Credit LossNon-accrual with no Allowance for Credit LossTotalNon-accrual with Allowance for Credit LossNon-accrual with no Allowance for Credit LossTotal
(In thousands)
Non-PCD:
Commercial
Commercial secured by real estate$14,677 $18,614 $33,291 $16,299 $19,538 $35,837 
Other commercial and industrial2,865 456 3,321 1,284 483 1,767 
17,542 19,070 36,612 17,583 20,021 37,604 
Mortgage13,097 10,309 23,406 16,428 12,840 29,268 
Consumer
Personal loans1,487 299 1,786 1,143 302 1,445 
Personal lines of credit217 — 217 226 — 226 
Credit cards722 — 722 632 — 632 
2,426 299 2,725 2,001 302 2,303 
Auto and leasing20,868 2 20,870 19,827 2 19,829 
Total$53,933 $29,680 $83,613 $55,839 $33,165 $89,004 
PCD:
Commercial
Commercial secured by real estate$3,363 $6,345 $9,708 $5,205 $6,198 $11,403 
Other commercial and industrial— 38 38 1,102 40 1,142 
3,363 6,383 9,746 6,307 6,238 12,545 
Mortgage260 — 260 334 — 334 
Total$3,623 $6,383 $10,006 $6,641 $6,238 $12,879 
Total non-accrual loans$57,556 $36,063 $93,619 $62,480 $39,403 $101,883 
The determination of nonaccrual or accrual status of PCD loans is made at the pool level, not the individual loan level.
Delinquent residential mortgage loans insured or guaranteed under applicable Federal Housing Administration (“FHA”) and United States Department of Veterans Affairs (“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, 2022 and December 31, 2021, loans whose terms have been extended and which were classified as troubled-debt restructurings that were not included in non-accrual loans amounted to $145.5 million and $125.9 million, respectively, as they were performing under their modified 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 $2.3 million and $3.7 million at September 30, 2022 and December 31, 2021, respectively.
The following table presents the troubled-debt restructurings in all loan portfolios as of September 30, 2022 and December 31, 2021.
September 30, 2022December 31, 2021
AccruingNon-accruingTotalRelated AllowanceAccruingNon-accruingTotalRelated Allowance
(In thousands)
Commercial loans:
Commercial secured by real estate$31,215 $13,589 $44,804 $233 $10,981 $14,444 $25,425 $202 
Other commercial and industrial2,403 373 2,776 43 2,785 473 3,258 41 
US commercial loans7,176 — 7,176 93 7,156 — 7,156 126 
40,794 13,962 54,756 369 20,922 14,917 35,839 369 
Mortgage102,510 7,119 109,629 2,750 101,487 9,475 110,962 3,867 
Consumer:
Personal loans2,144 49 2,193 93 3,275 139 3,414 159 
Auto and leasing84 — 84 3 203 8 211 11 
Total loans$145,532 $21,130 $166,662 $3,215 $125,887 $24,539 $150,426 $4,406 
The following tables present the troubled-debt restructurings by loan portfolios and modification type as of September 30, 2022 and December 31, 2021:
September 30, 2022
Reduction in interest rateMaturity or term extensionCombination of reduction in interest rate and extension of maturityForbearanceTotal
(In thousands)
Commercial loans:
Commercial secured by real estate$7,921 $26,104 $7,673 $3,106 $44,804 
Other commercial and industrial801 1,472 483 20 2,776 
US commercial loans7,176 — — — 7,176 
15,898 27,576 8,156 3,126 54,756 
Mortgage32,084 7,601 35,317 34,627 109,629 
Consumer:
Personal loans943 191 920 139 2,193 
Auto and leasing41 — 22 21 84 
Total loans$48,966 $35,368 $44,415 $37,913 $166,662 
December 31, 2021
Reduction in interest rateMaturity or term extensionCombination of reduction in interest rate and extension of maturityForbearanceTotal
(In thousands)
Commercial loans:
Commercial secured by real estate$8,461 $1,227 $12,401 $3,336 $25,425 
Other commercial and industrial723 1,985 522 28 3,258 
US commercial loans7,156 — — — 7,156 
16,340 3,212 12,923 3,364 35,839 
Mortgage37,307 6,796 32,456 34,403 110,962 
Consumer:
Personal loans1,496 287 1,430 201 3,414 
Auto and leasing74 — 28 109 211 
Total loans$55,217 $10,295 $46,837 $38,077 $150,426 
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 December 31, 2019 and at the time of implementation of the modification program, and the borrowers meet other applicable criteria. At September 30, 2022, there were $4.6 million (December 31, 2021 - $28.0 million) of loans deferred from the Covid-19 pandemic that were not classified as a TDR, which consists of FHA and VA insured mortgage loans.
At September 30, 2022 and December 31, 2021, TDR mortgage loans include $42.5 million and $40.8 million, respectively, of government-guaranteed loans (e.g. FHA/VA).
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 TDR tables.
Loan modifications that are considered TDR loans completed during the quarters and nine-month periods ended September 30, 2022 and 2021 were as follows:
Quarter Ended September 30, 2022
Number of contractsPre-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)
Mortgage10$1,344 4.45 %214$1,447 3.67 %292
Commercial1170 5.75 %66169 5.75 %114
Consumer140 10.70 %7240 10.95 %60
Nine-Month Period Ended September 30, 2022
Number of contractsPre-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)
Mortgage82$10,377 4.60 %266$10,918 3.64 %341
Commercial538,873 3.57 %13138,729 3.64 %184
Consumer362 13.72 %7562 10.95 %67
Quarter Ended September 30, 2021
Number of contractsPre-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)
Mortgage405,691 4.52 %3495,845 3.52 %350
Consumer577 16.64 %6777 12.19 %81
Auto and leasing122 6.75 %8422 6.00 %48
Nine-Month Period Ended September 30, 2021
Number of contractsPre-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)
Mortgage110$14,352 4.29 %321$14,305 3.57 %346
Commercial31,176 4.72 %1571,085 5.95 %60
Consumer14232 13.97 %69233 10.40 %77
Auto and leasing9148 8.70 %72148 9.35 %49
The following table presents troubled-debt restructurings for which there was a payment default during the twelve-month periods ended September 30, 2022 and 2021:
Twelve-Month Period Ended September 30,
20222021
Number of ContractsRecorded InvestmentNumber of ContractsRecorded Investment
(Dollars in thousands)
Mortgage9 $1,087 23 $2,569 
Consumer— $— 2 $24 
As of September 30, 2022 and December 31, 2021, the recorded investment on residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure amounted to $14.3 million and $16.9 million, respectively. 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 respective territory’s 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 title issues.
As a result of the effects of Hurricane Fiona and Puerto Rico being declared a disaster zone by local and federal authorities, OFG granted loan payment accommodations to certain qualified borrowers in order to provide them with flexibility to address the hurricane’s immediate impact. At September 30, 2022, the process of analyzing moratorium requests by OFG was still ongoing.
Collateral-dependent Loans
The table below presents the amortized cost of collateral-dependent loans held for investment at September 30, 2022 and December 31, 2021, by class of loans.
September 30, 2022December 31, 2021
(In thousands)
Commercial secured by real estate$19,977 $10,233 
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 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 the process described above are considered to be pass loans.
As of September 30, 2022 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
Amortized Cost Basis by Origination Year		Revolving
Loans
Amortized
Cost Basis		Total
20222021202020192018Prior
(In thousands)
Commercial:
Commercial secured by real estate:
Loan grade:
Pass$162,321 $180,951 $115,193 $139,513 $51,721 $176,926 $67,322 $893,947 
Special Mention— — 5,887 1,407 2,769 12,527 185 22,775 
Substandard103 8,484 10,070 415 487 15,664 2,389 37,612 
Doubtful— — — — — 16 412 428 
Loss— — — — — — — — 
Total commercial secured by real estate162,424 189,435 131,150 141,335 54,977 205,133 70,308 954,762 
Other commercial and industrial:
Loan grade:
Pass68,561 212,020 68,709 36,354 37,695 12,746 357,640 793,725 
Special Mention11 — 239 686 1,883 16 301 3,136 
Substandard119 — 167 502 470 89 1,987 3,334 
Doubtful— — — — — — 42 42 
Loss— — — — — — — — 
Total other commercial and industrial:68,691 212,020 69,115 37,542 40,048 12,851 359,970 800,237 
US commercial loans:
Loan grade:
Pass55,907 89,720 55,553 36,857 52,415 — 305,650 596,102 
Special Mention— — — — 4,449 — 10,000 14,449 
Substandard3,713 — 8,118 — — — — 11,831 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total US commercial loans:59,620 89,720 63,671 36,857 56,864 — 315,650 622,382 
Total commercial loans$290,735 $491,175 $263,936 $215,734 $151,889 $217,984 $745,928 $2,377,381 
As of December 31, 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
Amortized Cost Basis by Origination Year		Revolving
Loans
Amortized
Cost Basis		Total
20212020201920182017Prior
(In thousands)
Commercial:
Commercial secured by real estate:
Loan grade:
Pass$183,820 $120,855 $114,208 $94,864 $52,439 $183,026 $45,178 $794,390 
Special Mention654 628 32,578 4,581 4,053 5,102 643 48,239 
Substandard8,415 10,694 58 849 1,357 17,555 1,671 40,599 
Doubtful— — — — — 22 744 766 
Loss— — — — — — — — 
Total commercial secured by real estate192,889 132,177 146,844 100,294 57,849 205,705 48,236 883,994 
Other commercial and industrial:
Loan grade:
Pass276,165 93,809 45,976 57,989 6,106 6,004 330,072 816,121 
Special Mention78 23 8,076 2,213 3,525 — 13,642 27,557 
Substandard112 48 155 394 81 28 1,513 2,331 
Doubtful— — — — — — 52 52 
Loss— — — — — — — — 
Total other commercial and industrial:276,355 93,880 54,207 60,596 9,712 6,032 345,279 846,061 
US commercial loans:
Loan grade:
Pass85,394 61,098 41,924 47,179 — — 171,928 407,523 
Special Mention— — 1,515 19,095 — — — 20,610 
Substandard— 7,156 — 9,651 — — — 16,807 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total US commercial loans:85,394 68,254 43,439 75,925 — — 171,928 444,940 
Total commercial loans$554,638 $294,311 $244,490 $236,815 $67,561 $211,737 $565,443 $2,174,995 
At September 30, 2022 and December 31, 2021, the balance of revolving loans converted to term loans was $81.7 million and $37.5 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 table presents the amortized cost in mortgage and consumer loans based on payment activity as of September 30, 2022:
Term Loans
Amortized Cost Basis by Origination Year		Revolving
Loans
Amortized
Cost Basis		Revolving Loans
Converted to
Term Loans
Amortized
Cost Basis		Total
20222021202020192018Prior
(In thousands)
Mortgage:
Payment performance:
Performing$13,041 $24,837 $16,219 $14,827 $16,843 $560,842 $— $— $646,609 
Nonperforming— — 121 853 363 31,885 — — 33,222 
Total mortgage loans:13,041 24,837 16,340 15,680 17,206 592,727 — — 679,831 
Consumer:
Personal loans:
Payment performance:
Performing238,086 126,084 36,138 38,005 15,368 7,736 — — 461,417 
Nonperforming284 568 126 285 151 372 — — 1,786 
Total personal loans238,370 126,652 36,264 38,290 15,519 8,108 — — 463,203 
Credit lines:
Payment performance:
Performing— — — — — — 13,026 — 13,026 
Nonperforming— — — — — — 217 — 217 
Total credit lines— — — — — — 13,243 — 13,243 
Credit cards:
Payment performance:
Performing— — — — — — 42,661 — 42,661 
Nonperforming— — — — — — 722 — 722 
Total credit cards— — — — — — 43,383 — 43,383 
Overdrafts:
Payment performance:
Performing— — — — — — 354 — 354 
Nonperforming— — — — — — — — — 
Total overdrafts— — — — — — 354 — 354 
Total consumer loans238,370 126,652 36,264 38,290 15,519 8,108 56,980 — 520,183 
Total mortgage and consumer loans$251,411 $151,489 $52,604 $53,970 $32,725 $600,835 $56,980 $— $1,200,014 
The following table presents the amortized cost in mortgage and consumer loans based on payment activity as of December 31, 2021:
Term Loans
Amortized Cost Basis by Origination Year		Revolving
Loans
Amortized
Cost Basis		Revolving Loans
Converted to
Term Loans
Amortized
Cost Basis		Total
20212020201920182017Prior
(In thousands)
Mortgage:
Payment performance:
Performing$18,486 $16,585 $15,461 $19,261 $24,872 $584,792 $— $— $679,457 
Nonperforming— 126 129 510 1,830 36,796 — — 39,391 
Total mortgage loans:18,486 16,711 15,590 19,771 26,702 621,588 — — 718,848 
Consumer:
Personal loans:
Payment performance:
Performing175,273 55,960 65,425 29,808 12,287 6,661 — — 345,414 
Nonperforming296 239 411 143 20 336 — — 1,445 
Total personal loans175,569 56,199 65,836 29,951 12,307 6,997 — — 346,859 
Credit lines:
Payment performance:
Performing— — — — — — 14,549 — 14,549 
Nonperforming— — — — — — 226 — 226 
Total credit lines— — — — — — 14,775 — 14,775 
Credit cards:
Payment performance:
Performing— — — — — — 46,163 — 46,163 
Nonperforming— — — — — — 632 — 632 
Total credit cards— — — — — — 46,795 — 46,795 
Overdrafts:
Payment performance:
Performing— — — — — — 330 — 330 
Nonperforming— — — — — — — — — 
Total overdrafts— — — — — — 330 — 330 
Total consumer loans175,569 56,199 65,836 29,951 12,307 6,997 61,900 — 408,759 
Total mortgage and consumer loans$194,055 $72,910 $81,426 $49,722 $39,009 $628,585 $61,900 $— $1,127,607 
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, 2022:
Term Loans
Amortized Cost Basis by Origination Year		Total
20222021202020192018Prior
(In thousands)
Auto and leasing:
FICO score:
1-660126,997 148,620 76,944 63,527 48,968 38,074 503,130 
661-699127,491 111,173 47,351 34,110 24,027 16,409 360,561 
700+271,094 243,399 154,951 148,825 99,791 60,452 978,512 
No FICO12,217 7,172 4,349 6,636 3,597 1,771 35,742 
Total auto and leasing:$537,799 $510,364 $283,595 $253,098 $176,383 $116,706 $1,877,945 
The following table presents the amortized cost in auto loans and leases based on their most recent FICO score as of December 31, 2021:
Term Loans
Amortized Cost Basis by Origination Year		Total
20212020201920182017Prior
(In thousands)
Auto and leasing:
FICO score:
1-660161,534 90,402 80,745 65,681 38,001 23,171 459,534 
661-699134,507 68,422 48,173 33,854 16,761 10,534 312,251 
700+245,148 180,737 184,307 133,098 63,229 38,474 844,993 
No FICO26,759 13,580 17,062 10,119 5,515 3,216 76,251 
Total auto and leasing:$567,948 $353,141 $330,287 $242,752 $123,506 $75,395 $1,693,029 

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.