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LOANS
 12 Months Ended
Dec. 31, 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 December 31, 2022 and 2021 was as follows:
December 31, 2022December 31, 2021
Non-PCDPCDTotalNon-PCDPCDTotal
(In thousands)
Commercial loans:
Commercial secured by real estate$974,202 $138,678 $1,112,880 $883,994 $176,186 $1,060,180 
Other commercial and industrial847,740 20,474 868,214 759,172 28,149 787,321 
Other commercial and industrial - Paycheck Protection Program (PPP Loans)6,702 — 6,702 86,889 — 86,889 
US commercial loans642,133 — 642,133 444,940 — 444,940 
2,470,777 159,152 2,629,929 2,174,995 204,335 2,379,330 
Mortgage675,793 1,028,428 1,704,221 718,848 1,188,423 1,907,271 
Consumer:
Personal loans480,620 338 480,958 346,859 546 347,405 
Credit lines12,826 300 13,126 14,775 370 15,145 
Credit cards42,872 — 42,872 46,795 — 46,795 
Overdraft301 — 301 330 — 330 
536,619 638 537,257 408,759 916 409,675 
Auto loans and leases1,958,257 5,658 1,963,915 1,693,029 13,281 1,706,310 
5,641,446 1,193,876 6,835,322 4,995,631 1,406,955 6,402,586 
Allowance for credit losses(141,841)(10,832)(152,673)(132,065)(23,872)(155,937)
Total loans held for investment, net5,499,605 1,183,044 6,682,649 4,863,566 1,383,083 6,246,649 
Mortgage loans held for sale19,499 — 19,499 51,096 — 51,096 
Other loans held for sale21,088 — 21,088 31,566 — 31,566 
Total loans held for sale40,587 — 40,587 82,662 — 82,662 
Total loans, net$5,540,192 $1,183,044 $6,723,236 $4,946,228 $1,383,083 $6,329,311 
During 2022, OFG transferred to held for sale two commercial loans amounting to $9.7 million, net of $8.8 million charge-offs, one of them was sold during the fourth quarter of 2022. In addition, during 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 December 31, 2022 and 2021, OFG had carrying balances of $73.7 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 $73.7 million and $86.2 million at December 31, 2022 and 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 PCD loan granted to a public corporation classified as non-accrual, which was repaid during 2022.
The tables below present the aging of the amortized cost of loans held for investment at December 31, 2022 and 2021, by class of loans. Mortgage loans past due include $32.6 million and $14.5 million of delinquent loans in the GNMA buy-back option program at December 31, 2022 and 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.
December 31, 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$923 $164 $6,147 $7,234 $966,968 $974,202 $— 
Other commercial and industrial943 720 3,225 4,888 849,554 854,442 — 
US commercial loans— — — — 642,133 642,133 — 
1,866 884 9,372 12,122 2,458,655 2,470,777 — 
Mortgage9,267 5,848 56,714 71,829 603,964 675,793 3,856 
Consumer
Personal loans4,263 2,669 2,314 9,246 471,374 480,620 — 
Credit lines500 154 117 771 12,055 12,826 — 
Credit cards730 486 682 1,898 40,974 42,872 — 
Overdraft91 2 — 93 208 301 — 
5,584 3,311 3,113 12,008 524,611 536,619 — 
Auto loans and leases75,237 36,954 19,613 131,804 1,826,453 1,958,257 — 
Total loans$91,954 $46,997 $88,812 $227,763 $5,413,683 $5,641,446 $3,856 
As of December 31, 2022, total past due loans exclude $21.1 million of past due commercial loans held for sale.
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 loans and leases60,038 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 
As of December 31, 2021, total past due loans excludes $4.7 million of past due commercial loans held for sale.
Upon adoption of the 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 held for investment on nonaccrual status as of December 31, 2022 and 2021:
December 31, 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)(In thousands)
Non-PCD:
Commercial
Commercial secured by real estate$4,091 $17,098 $21,189 $16,299 $19,538 $35,837 
Other commercial and industrial2,769 885 3,654 1,283 483 1,766 
US commercial loans9,589 — 9,589 — — — 
16,449 17,983 34,432 17,582 20,021 37,603 
Mortgage11,719 11,522 23,241 16,429 12,840 29,269 
Consumer
Personal loans1,950 379 2,329 1,143 302 1,445 
Personal lines of credit116 — 116 226 — 226 
Credit cards683 — 683 632 — 632 
2,749 379 3,128 2,001 302 2,303 
Auto loans and leases19,612 1 19,613 19,827 2 19,829 
Total$50,529 $29,885 $80,414 $55,839 $33,165 $89,004 
PCD:
Commercial
Commercial secured by real estate$2,807 $6,084 $8,891 $5,205 $6,198 $11,403 
Other commercial and industrial— 36 36 1,102 40 1,142 
2,807 6,120 8,927 6,307 6,238 12,545 
Mortgage259 — 259 334 — 334 
Total$3,066 $6,120 $9,186 $6,641 $6,238 $12,879 
Total non-accrual loans$53,595 $36,005 $89,600 $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.
As of December 31, 2022 and 2021, total commercial non-accrual loans excludes $16.4 million and $9.9 million of non-accrual commercial loans held for sale, respectively.
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 December 31, 2022 and 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 $145.2 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 $3.2 million and $3.7 million at December 31, 2022 and 2021, respectively.
The following table presents the troubled-debt restructurings in all loan portfolios as of December 31, 2022 and 2021.
December 31, 2022December 31, 2021
AccruingNon-accruingTotalRelated AllowanceAccruingNon-accruingTotalRelated Allowance
(In thousands)(In thousands)
Commercial loans:
Commercial secured by real estate$31,437 $13,187 $44,624 $181 $10,981 $14,444 $25,425 $202 
Other commercial and industrial2,272 354 2,626 42 2,785 473 3,258 41 
US commercial loans7,132 — 7,132 89 7,156 — 7,156 126 
40,841 13,541 54,382 312 20,922 14,917 35,839 369 
Mortgage102,387 6,773 109,160 2,495 101,487 9,475 110,962 3,867 
Consumer:
Personal loans1,850 15 1,865 73 3,275 139 3,414 159 
Auto loans and leases77 — 77 3 203 8 211 11 
Total loans$145,155 $20,329 $165,484 $2,883 $125,887 $24,539 $150,426 $4,406 
The following tables present the troubled-debt restructurings by loan portfolios and modification type as of December 31, 2022 and 2021:
December 31, 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$7,746 $29,454 $7,424 $— $44,624 
Other commercial and industrial785 1,367 474 — 2,626 
US commercial loans7,132 — — — 7,132 
15,663 30,821 7,898 — 54,382 
Mortgage31,709 8,020 35,194 34,237 109,160 
Consumer:
Personal loans825 176 793 71 1,865 
Auto loans and leases39 — 20 18 77 
Total loans$48,236 $39,017 $43,905 $34,326 $165,484 
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 loans and leases74 — 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 December 31, 2021, there were $28.0 million loans deferred from the Covid-19 pandemic that were not classified as a TDR, which consisted of FHA and VA insured mortgage loans. There were no deferred loans from the COVID-19 pandemic at December 31, 2022.
At December 31, 2022 and 2021, TDR mortgage loans include $43.5 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 2022, 2021 and 2020 were as follows:
Year Ended December 31, 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)
Mortgage103$12,580 4.63 %258$13,199 3.79 %342
Commercial538,873 3.57 %13138,729 3.64 %184
Consumer477 13.42 %7477 10.41 %70
Year Ended December 31, 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)
Mortgage160$20,077 4.33 %323$20,241 3.47 %345
Commercial710,093 5.50 %869,979 4.48 %60
Consumer17294 13.72 %69295 10.12 %78
Auto loans and leases9148 8.70 %72148 9.35 %49
Year Ended December 31, 2020
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)
Mortgage88$11,081 4.70 %332$10,151 4.13 %327
Commercial814,896 5.45 %6314,896 4.36 %77
Consumer23349 14.11 %64391 10.57 %76
Auto loans and leases31217 10.88 %74219 11.02 %71
The following table presents troubled-debt restructurings for which there was a payment default during 2022, 2021 and 2020:
Year Ended December 31,
202220212020
Number of ContractsRecorded InvestmentNumber of ContractsRecorded InvestmentNumber of ContractsRecorded Investment
(Dollars in thousands)
Mortgage13 $1,701 19 $2,488 9 $1,345 
Commercial1 $633 — $— — $— 
Consumer1 $40 6 $76 1 $2 
Auto loans and leases— $— 1 $10 — $— 
As of December 31, 2022 and 2021, the recorded investment on residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure amounted to $14.9 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 during 2022, OFG granted loan payment accommodations to certain qualified borrowers in order to provide them with flexibility to address the hurricane’s immediate impact. In addition, for its business banking segment, OFG granted loans up to $50,000 with three months of interest-only payments followed by up to thirty-three payments of principal and interest. At December 31, 2022, the total loans outstanding under the payment accommodations program amounted to $33.1 million.
The table below presents the amortized cost of collateral-dependent loans held for investment at December 31, 2022 and 2021, by class of loans.
December 31,
20222021
(In thousands)
Commercial secured by real estate$8,805 $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 December 31, 2022 and 2021 and based on the most recent analysis performed, the risk category of loans held for investment 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$220,035 $177,775 $110,809 $118,518 $50,454 $159,721 $69,523 $906,835 
Special Mention1,899 — 6,007 17,004 2,095 13,934 439 41,378 
Substandard103 8,410 345 405 473 14,722 1,185 25,643 
Doubtful— — — — — 15 331 346 
Loss— — — — — — — — 
Total commercial secured by real estate222,037 186,185 117,161 135,927 53,022 188,392 71,478 974,202 
Other commercial and industrial:
Loan grade:
Pass123,659 198,776 67,147 35,678 13,807 7,863 397,944 844,874 
Special Mention3 60 31 654 1,819 21 3,823 6,411 
Substandard112 — 260 472 280 74 1,920 3,118 
Doubtful— — — — — — 39 39 
Loss— — — — — — — — 
Total other commercial and industrial:123,774 198,836 67,438 36,804 15,906 7,958 403,726 854,442 
US commercial loans:
Loan grade:
Pass81,155 92,688 43,965 33,827 49,356 — 308,183 609,174 
Special Mention6,346 — — — — — 1,122 7,468 
Substandard3,363 — 8,090 — 4,449 — 9,589 25,491 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total US commercial loans:90,864 92,688 52,055 33,827 53,805 — 318,894 642,133 
Total commercial loans$436,675 $477,709 $236,654 $206,558 $122,733 $196,350 $794,098 $2,470,777 
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 December 31, 2022 and 2021, the balance of revolving loans converted to term loans was $78.0 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 tables present the amortized cost in mortgage and consumer loans held for investment based on payment activity as of December 31, 2022 and 2021:
Term Loans
Amortized Cost Basis by Origination Year		Revolving
Loans
Amortized
Cost Basis		Total
20222021202020192018Prior
(In thousands)
Mortgage:
Payment performance:
Performing$18,700 $25,274 $16,175 $15,457 $16,790 $549,885 $— $642,281 
Nonperforming— — 110 574 241 32,587 — 33,512 
Total mortgage loans:18,700 25,274 16,285 16,031 17,031 582,472 — 675,793 
Consumer:
Personal loans:
Payment performance:
Performing284,183 112,591 31,876 31,850 12,022 5,768 — 478,290 
Nonperforming831 661 111 300 81 346 — 2,330 
Total personal loans285,014 113,252 31,987 32,150 12,103 6,114 — 480,620 
Credit lines:
Payment performance:
Performing— — — — — — 12,710 12,710 
Nonperforming— — — — — — 116 116 
Total credit lines— — — — — — 12,826 12,826 
Credit cards:
Payment performance:
Performing— — — — — — 42,189 42,189 
Nonperforming— — — — — — 683 683 
Total credit cards— — — — — — 42,872 42,872 
Overdrafts:
Payment performance:
Performing— — — — — — 301 301 
Nonperforming— — — — — — — — 
Total overdrafts— — — — — — 301 301 
Total consumer loans285,014 113,252 31,987 32,150 12,103 6,114 55,999 536,619 
Total mortgage and consumer loans$303,714 $138,526 $48,272 $48,181 $29,134 $588,586 $55,999 $1,212,412 
Term Loans
Amortized Cost Basis by Origination Year		Revolving
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 
At December 31, 2022 and 2021, there were no revolving loans that converted to term loans.
OFG evaluates credit quality for auto loans and leases based on FICO score. The following tables present the amortized cost in auto loans and leases held for investment based on their most recent FICO score as of December 31, 2022 and 2021:
Term Loans
Amortized Cost Basis by Origination Year		Total
20222021202020192018Prior
(In thousands)
Auto loans and leases:
FICO score:
1-660178,426 143,926 72,148 58,069 44,156 31,980 528,705 
661-699171,723 93,359 42,388 31,033 21,283 13,518 373,304 
700+375,845 235,743 144,783 135,517 88,597 47,499 1,027,984 
No FICO7,766 6,553 3,741 5,873 3,008 1,323 28,264 
Total auto loans and leases:$733,760 $479,581 $263,060 $230,492 $157,044 $94,320 $1,958,257 
Term Loans
Amortized Cost Basis by Origination Year		Total
20212020201920182017Prior
(In thousands)
Auto loans and leases:
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 loans and leases:$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.