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LOANS
 3 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
LOANS LOANS
OFG’s loan portfolio is composed of four segments: commercial, mortgage, consumer, and auto loans. 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 March 31, 2025 and December 31, 2024, segregated between non-purchased credit deteriorated loans (“non-PCD”) and purchased credit deteriorated (“PCD”) loans, was as follows:
March 31, 2025December 31, 2024
Non-PCDPCDTotalNon-PCDPCDTotal
(In thousands)
Commercial PR:
Commercial secured by real estate$1,230,835 $76,142 $1,306,977 $1,222,395 $77,196 $1,299,591 
Other commercial and industrial1,107,037 11,637 1,118,674 1,087,886 11,533 1,099,419 
2,337,872 87,779 2,425,651 2,310,281 88,729 2,399,010 
Commercial US727,409 — 727,409 704,081 — 704,081 
Total commercial loans3,065,281 87,779 3,153,060 3,014,362 88,729 3,103,091 
Mortgage loans616,302 819,271 1,435,573 628,853 841,964 1,470,817 
Consumer loans:
Personal loans624,830 244 625,074 620,430 245 620,675 
Credit lines9,724 351 10,075 10,126 353 10,479 
Credit cards35,289 — 35,289 36,956 — 36,956 
Overdraft370 — 370 451 — 451 
670,213 595 670,808 667,963 598 668,561 
Auto loans2,592,922 281 2,593,203 2,549,033 460 2,549,493 
6,944,718 907,926 7,852,644 6,860,211 931,751 7,791,962 
Allowance for credit losses(174,752)(6,422)(181,174)(170,709)(5,154)(175,863)
Total loans held for investment, net6,769,966 901,504 7,671,470 6,689,502 926,597 7,616,099 
Mortgage loans held-for-sale12,439 — 12,439 13,286 — 13,286 
Other loans held-for-sale4,362 — 4,362 4,446 — 4,446 
Total loans held-for-sale16,801 — 16,801 17,732 — 17,732 
Total loans, net$6,786,767 $901,504 $7,688,271 $6,707,234 $926,597 $7,633,831 
During the quarter ended March 31, 2024, OFG sold $16.7 million of commercial loans held-for-sale and recognized a $26 thousand loss, included in other non-interest income in the consolidated statement of operations. During the quarter ended March 31, 2025, there were no sales of commercial loans held-for-sale. At both March 31, 2025 and December 31, 2024, OFG had $4.4 million in commercial loans held-for-sale.

At March 31, 2025 and December 31, 2024, OFG had carrying balances of $87.3 million and $66.4 million, respectively, in loans held-for-investment granted to the Puerto Rico government or its instrumentalities as part of the commercial loan segment. The Bank’s loans to the Puerto Rico government 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 March 31, 2025 and December 31, 2024, by class of loans. Mortgage loans past due include $44.7 million and $48.6 million of delinquent loans in the GNMA buy-back option program at March 31, 2025 and December 31, 2024, 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.
March 31, 2025
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 PR:
Commercial secured by real estate$404 $269 $7,821 $8,494 $1,222,341 $1,230,835 $— 
Other commercial and industrial637 102 4,034 4,773 1,102,264 1,107,037 — 
1,041 371 11,855 13,267 2,324,605 2,337,872 — 
Commercial US— — 4,425 4,425 722,984 727,409 — 
Total commercial loans1,041 371 16,280 17,692 3,047,589 3,065,281 — 
Mortgage loans4,529 5,301 56,292 66,122 550,180 616,302 2,259 
Consumer loans:
Personal loans6,987 4,126 2,984 14,097 610,733 624,830 — 
Credit lines108 51 69 228 9,496 9,724 — 
Credit cards528 280 429 1,237 34,052 35,289 — 
Overdraft49 — — 49 321 370 — 
7,672 4,457 3,482 15,611 654,602 670,213 — 
Auto loans96,570 32,049 14,043 142,662 2,450,260 2,592,922 — 
Total loans$109,812 $42,178 $90,097 $242,087 $6,702,631 $6,944,718 $2,259 

December 31, 2024
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 PR:
Commercial secured by real estate$879 $215 $9,780 $10,874 $1,211,521 $1,222,395 $— 
Other commercial and industrial597 629 3,588 4,814 1,083,072 1,087,886 — 
1,476 844 13,368 15,688 2,294,593 2,310,281 — 
Commercial US— 4,505 — 4,505 699,576 704,081 — 
Total commercial loans1,476 5,349 13,368 20,193 2,994,169 3,014,362 — 
Mortgage loans
5,362 6,069 59,995 71,426 557,427 628,853 2,047 
Consumer loans:
Personal loans8,522 4,655 3,494 16,671 603,759 620,430 — 
Credit lines53 38 125 216 9,910 10,126 — 
Credit cards670 255 571 1,496 35,460 36,956 — 
Overdraft88 — — 88 363 451 — 
9,333 4,948 4,190 18,471 649,492 667,963 — 
Auto loans119,805 50,208 20,055 190,068 2,358,965 2,549,033 — 
Total loans$135,976 $66,574 $97,608 $300,158 $6,560,053 $6,860,211 $2,047 
There were no past due commercial loans held-for-sale as of March 31, 2025 and December 31, 2024.

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 preceding two tables.

Non-accrual Loans
The following table presents the amortized cost basis of loans held for investment on non-accrual status as of March 31, 2025 and December 31, 2024:
March 31, 2025December 31, 2024
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 PR:
Commercial secured by real estate$3,744 $5,349 $9,093 $4,610 $6,248 $10,858 
Other commercial and industrial2,211 1,994 4,205 1,855 1,996 3,851 
5,955 7,343 13,298 6,465 8,244 14,709 
Commercial US30,852 — 30,852 21,317 2,887 24,204 
Total commercial loans
36,807 7,343 44,150 27,782 11,131 38,913 
Mortgage loans
9,263 2,318 11,581 8,770 3,153 11,923 
Consumer loans:
Personal loans2,984 — 2,984 3,468 44 3,512 
Credit lines69 — 69 125 — 125 
Credit cards429 — 429 570 — 570 
3,482 — 3,482 4,163 44 4,207 
Auto loans14,043 — 14,043 20,049 6 20,055 
Total$63,595 $9,661 $73,256 $60,764 $14,334 $75,098 
PCD:
Commercial PR:
Commercial secured by real estate$6,121 $1,870 $7,991 $— $1,946 $1,946 
Other commercial and industrial675 — 675 695 — 695 
Total commercial loans
6,796 1,870 8,666 695 1,946 2,641 
Mortgage loans
234 — 234 239 — 239 
Total$7,030 $1,870 $8,900 $934 $1,946 $2,880 
Total non-accrual loans$70,625 $11,531 $82,156 $61,698 $16,280 $77,978 
The determination of non-accrual or accrual status of PCD loans is made at the pool level, not the individual loan level.
There were no commercial non-accrual loans held-for-sale at March 31, 2025 and December 31, 2024.
Delinquent residential mortgage loans insured or guaranteed under applicable Federal Housing Administration (“FHA”) and Veterans Administration (“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.
Modifications to Debtors Experiencing Financial Difficulty
OFG’s loss mitigation program was designed to ensure that borrowers experiencing financial difficulties have the opportunity to continue paying their obligations. The loss mitigation alternatives are divided depending on the borrower’s hardship and its ability to continue with regular payment or with a new modified payment plan. The loss mitigation program provides alternatives for home retention or disposition options avoiding foreclosure proceedings and collateral retention.
OFG offers various types of loan modifications to borrowers experiencing financial difficulty in the form of an interest rate reduction, an other-than-insignificant payment delay, a term extension, interest or principal forbearance or forgiveness, or any combination of these types of concessions.
At December 31, 2024, the amortized cost of modified loans excludes $127 thousand in accrued interest receivable. Accrued interest receivable on loans is included in the “accrued interest receivable” line in OFG’s consolidated statements of financial condition. At March 31, 2025, modified loans had no accrued interest receivable. The amortized cost of modified loans during the quarters ended March 31, 2025 and 2024, includes $523 thousand and $54 thousand, respectively, of government-guaranteed loans (e.g., FHA/VA).
The following tables present the amortized cost basis as of March 31, 2025 and 2024 of loans held for investment that were modified during the quarters ended March 31, 2025 and 2024, disaggregated by class of financing receivable and type of concession granted.
Quarter Ended March 31, 2025
Term ExtensionPrincipal Forbearance / ForgivenessCombination of Term Extension and Principal
Forgiveness / Forbearance		Combination of Interest Rate Reduction, Term Extension and Principal
Forgiveness / Forbearance
Amortized Cost Basis% of Total Class of
Financing
Receivable		Amortized Cost Basis% of Total Class of
Financing
Receivable		Amortized Cost Basis% of Total Class of
Financing
Receivable		Amortized Cost Basis% of Total Class of
Financing
Receivable
(Dollars in thousands)
Commercial US$— — %$4,425 0.61 %$3,404 0.47 %$3,407 0.47 %
Mortgage loans545 0.04 %— — %— — %— — %
Total$545 $4,425 $3,404 $3,407 
Quarter Ended March 31, 2024
Interest Rate ReductionTerm Extension
Amortized Cost Basis% of Total Class of
Financing
Receivable		Amortized Cost Basis% of Total Class of
Financing
Receivable
(Dollars in thousands)
Mortgage loans— — %95 0.01 %
Consumer:
Personal loans27 — %7 — %
Total$27 $102 
Our credit loss estimation methodology incorporates a lifetime approach, utilizing modeled loan performance based on the historical experience of loans with similar risk characteristics, adjusted for current conditions, and reasonable and supportable forecasts. The model considers extensive historical loss experience, including the impact of loss mitigation programs offered to borrowers facing financial difficulty and projected loss severity from loan defaults, and is applied consistently across all portfolio segments. Additionally, our ACL is recorded on each asset upon origination or acquisition and is based on historical loss information, including modifications made to borrowers facing financial difficulty, and expected behavior. Changes to the ACL are generally not recorded upon modification, as the effects of most modifications are already considered in the estimation methodology. Refer to Note 5 – Allowance for Credit Losses for additional information.
The following tables present the financial effect of the modifications granted to borrowers experiencing financial difficulty during the quarters ended March 31, 2025 and 2024. The financial effect of the combined modifications is presented separately by type of modification.
Quarter Ended March 31, 2025
Weighted-Average Interest Rate ReductionWeighted-Average Term Extension (In months)
Weighted-Average Forgiveness/Forbearance of Principal Amount (In thousands)
Commercial US0.28 %16$3,639 
Mortgage loans
— %129— 
Quarter Ended March 31, 2024
Weighted-Average Interest Rate ReductionWeighted-Average Term Extension (In months)
Weighted-Average Forgiveness/Forbearance of Principal Amount (In thousands)
Mortgage loans— %180— 
Consumer loans:
Personal loans5.00 %18— 
The following tables present the amortized cost basis as of March 31, 2025 and 2024, of loans held for investment that had a payment default subsequent to being granted a modification to borrowers experiencing financial difficulty in the prior twelve months.
Twelve-Months Ended March 31, 2025
Amortized Cost Basis of Modified Financing Receivables that Subsequently Defaulted
Interest Rate ReductionTerm ExtensionPrincipal Forgiveness/ForbearanceCombination - Term Extension and Interest Rate ReductionTotal
(In thousands)
Commercial US$— $— $4,425 $— $4,425 
Mortgage loans$— $198 $— $— $198 
Twelve-Months Ended March 31, 2024
Amortized Cost Basis of Modified Financing Receivables that Subsequently Defaulted
Interest Rate ReductionTerm ExtensionPrincipal Forgiveness/ForbearanceCombination - Term Extension and Interest Rate ReductionTotal
(In thousands)
Mortgage loans$— $277 $— $85 $362 
A payment default for a financial difficulty modification loan is defined as reaching 90 days past due with respect to principal and/or interest payments or when the borrower missed three consecutive monthly payments since modification. Payment defaults is one of the factors considered when projecting future cash flows in the calculation of the ACL of loans.

OFG closely monitors the performance of the loans that are modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the payment status of loans that have been modified in the twelve-months period ended March 31, 2025 and 2024 that were granted to borrowers experiencing financial difficulty.
March 31, 2025
30-59 Day
Past Due		60-89 Days
Past Due		90+ Days
Past Due		Total Past
Due		CurrentTotal
(In thousands)
Commercial US$— $— $4,425 $4,425 $22,354 $26,779 
Mortgage loans65 — 198 263 2,022 2,285 
Auto loans— — — — 156 156 
Total$65 $— $4,623 $4,688 $24,532 $29,220 
March 31, 2024
30-59 Day
Past Due		60-89 Days
Past Due		90+ Days
Past Due		Total Past
Due		CurrentTotal
(In thousands)
Commercial PR:
Commercial loans secured by real estate$— $— $— $— $5,806 $5,806 
Other commercial and industrial— — — — 638 638 
— — — — 6,444 6,444 
Commercial US— — — — 10,571 10,571 
Total commercial loans
— — — — 17,015 17,015 
Mortgage loans
141 115 277 533 3,832 4,365 
Consumer loans:
Personal loans— — — — 127 127 
Auto loans— — — — 110 110 
Total$141 $115 $277 $533 $21,084 $21,617 
There were no outstanding commitments to lend additional funds to debtors experiencing financial difficulties at March 31, 2025 and December 31, 2024.
As of March 31, 2025 and December 31, 2024, the recorded investment on residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure amounted to $30.9 million and $25.0 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 their respective 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 property title issues.
Collateral-dependent Loans
The table below presents the amortized cost of commercial collateral-dependent loans held for investment at March 31, 2025 and December 31, 2024, by class of loans.
March 31,December 31,
20252024
(In thousands)
Commercial PR:
Commercial loans secured by real estate$5,602 $6,877 
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 March 31, 2025, and based on the most recent analysis performed, the risk category of loans held for investment subject to risk rating by class of loans, and current year-to-date period gross charge-offs by year of origination is as follows:
Term Loans
Amortized Cost Basis by Origination Year		Revolving
Loans
Amortized
Cost Basis		Total
20252024202320222021Prior
(In thousands)
Commercial PR:
Commercial secured by real estate:
Loan grade:
Pass$154,168 $170,406 $202,407 212,151 $188,126 $216,480 $41,307 $1,185,045 
Special Mention— — 13,941 7,159 6,792 5,434 1,713 35,039 
Substandard— — — 507 1,456 7,789 999 10,751 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total commercial secured by real estate154,168 170,406 216,348 219,817 196,374 229,703 44,019 1,230,835 
Commercial secured by real estate:
YTD gross charge-offs
— — — — — — — — 
Other commercial and industrial:
Loan grade:
Pass38,715 146,503 254,165 46,844 48,065 34,128 469,635 1,038,055 
Special Mention— 5 394 3,191 45,011 33 15,259 63,893 
Substandard— 40 7 183 547 1,589 2,723 5,089 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total other commercial and industrial:38,715 146,548 254,566 50,218 93,623 35,750 487,617 1,107,037 
Other commercial and industrial:
YTD gross charge-offs
7 — — 11 — 94 — 112 
Commercial US:
Loan grade:
Pass9,878 54,036 104,904 21,308 57,176 35,974 305,397 588,673 
Special Mention— 2,471 9,685 — — — 38,841 50,997 
Substandard6,811 16,086 16,303 16,661 3,635 5,659 20,988 86,143 
Doubtful— 1,596 — — — — — 1,596 
Loss— — — — — — — — 
Total Commercial US:16,689 74,189 130,892 37,969 60,811 41,633 365,226 727,409 
Commercial US:
YTD gross charge-offs
— — — 2,918 — — — 2,918 
Total commercial loans$209,572 $391,143 $601,806 $308,004 $350,808 $307,086 $896,862 $3,065,281 
Total YTD gross charge-offs
$7 $— $— $2,929 $— $94 $— $3,030 
As of December 31, 2024, 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
20242023202220212020Prior
(In thousands)
Commercial PR:
Commercial secured by real estate:
Loan grade:
Pass$219,185 $204,144 $229,955 $190,891 $106,562 $180,600 $46,448 $1,177,785 
Special Mention— 13,702 7,205 6,192 909 3,721 73 31,802 
Substandard— — 554 1,479 1,198 8,572 1,005 12,808 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total commercial secured by real estate219,185 217,846 237,714 198,562 108,669 192,893 47,526 1,222,395 
Commercial secured by real estate:
YTD gross charge-offs
— 184 — — — 26 210 
Other commercial and industrial:
Loan grade:
Pass146,372 269,680 48,516 49,751 23,858 13,508 477,838 1,029,523 
Special Mention— 373 3,281 45,012 — 136 4,920 53,722 
Substandard21 15 317 640 111 825 2,712 4,641 
Doubtful— — — — — — — — 
Loss— — — — — — — — 
Total other commercial and industrial:146,393 270,068 52,114 95,403 23,969 14,469 485,470 1,087,886 
Other commercial and industrial:
YTD gross charge-offs
117 143 298 3,573 — 238 4,369 
Commercial US:
Loan grade:
Pass56,534 120,064 21,648 57,736 20,138 21,884 273,971 571,975 
Special Mention— — — — — — 39,896 39,896 
Substandard16,094 16,422 26,536 4,689 — 5,647 21,204 90,592 
Doubtful1,618 — — — — — — 1,618 
Loss— — — — — — — — 
Total Commercial US:74,246 136,486 48,184 62,425 20,138 27,531 335,071 704,081 
Commercial US:
YTD gross charge-offs
— — 392 1,749 — 1,497 3,638 
Total commercial loans$439,824 $624,400 $338,012 $356,390 $152,776 $234,893 $868,067 $3,014,362 
Total YTD gross charge-offs
$117 $327 $690 $5,322 $— $1,761 $— $8,217 
At March 31, 2025 and December 31, 2024, the balance of revolving commercial loans converted to term loans was $164.0 million and $191.9 million, respectively.
OFG considers the performance of the loan portfolio and its impact on the ACL. For mortgage and consumer loan classes, OFG also evaluates credit quality based on the aging status of the loan and payment activity. The following table presents the amortized cost in mortgage and consumer loans held for investment based on payment performance as of March 31, 2025:
Term Loans
Amortized Cost Basis by Origination Year		Revolving
Loans
Amortized
Cost Basis		Total
20252024202320222021Prior
(In thousands)
Mortgage loans:
Performing$5,990 $39,908 $19,799 $21,937 $27,206 $484,553 $— $599,393 
Nonperforming19 1,117 714 107 172 14,780 — 16,909 
Total mortgage loans:6,009 41,025 20,513 22,044 27,378 499,333 — 616,302 
Mortgage loans:
YTD gross charge-offs
— — 23 — — — — 23 
Consumer loans:
Personal loans:
Performing65,016 244,294 158,478 101,496 35,801 16,761 — 621,846 
Nonperforming— 738 904 901 396 45 — 2,984 
Total personal loans65,016 245,032 159,382 102,397 36,197 16,806 — 624,830 
Personal loans:
YTD gross charge-offs
— 1,667 2,757 2,163 558 227 — 7,372 
Credit lines:
Performing— — — — — — 9,655 9,655 
Nonperforming— — — — — — 69 69 
Total credit lines— — — — — — 9,724 9,724 
Credit lines:
YTD gross charge-offs
— — — — — — 134 134 
Credit cards:
Performing— — — — — — 34,860 34,860 
Nonperforming— — — — — — 429 429 
Total credit cards— — — — — — 35,289 35,289 
Credit cards:
YTD gross charge-offs
— — — — — — 579 579 
Overdrafts:
Performing— — — — — — 370 370 
Nonperforming— — — — — — — — 
Total overdrafts— — — — — — 370 370 
Overdrafts:
YTD gross charge-offs
— — — — — — 167 167 
Total consumer loans65,016 245,032 159,382 102,397 36,197 16,806 45,383 670,213 
Total consumer loans YTD gross charge-offs
— 1,667 2,757 2,163 558 227 880 8,252 
Total mortgage and consumer loans$71,025 $286,057 $179,895 $124,441 $63,575 $516,139 $45,383 $1,286,515 
Total mortgage and consumer loans YTD gross charge-offs
$— $1,667 $2,780 $2,163 $558 $227 $880 $8,275 
The following table presents the amortized cost in mortgage and consumer loans held for investment based on payment performance as of December 31, 2024:
Term Loans
Amortized Cost Basis by Origination Year		Revolving
Loans
Amortized
Cost Basis		Total
20242023202220212020Prior
(In thousands)
Mortgage loans:
Performing$41,100 $18,986 $23,207 $28,034 $20,203 $480,388 $— $611,918 
Nonperforming148 636 107 466 102 15,476 — 16,935 
Total mortgage loans:41,248 19,622 23,314 28,500 20,305 495,864 — 628,853 
Mortgage loans:
YTD gross charge-offs
— — — — — 126 126 
Consumer loans:
Personal loans:
Performing265,955 175,932 114,654 40,794 11,563 8,020 — 616,918 
Nonperforming438 1,292 1,266 353 51 112 — 3,512 
Total personal loans266,393 177,224 115,920 41,147 11,614 8,132 — 620,430 
Personal loans:
YTD gross charge-offs
1,425 10,788 11,973 3,443 700 1,088 29,417 
Credit lines:
Performing— — — — — — 10,001 10,001 
Nonperforming— — — — — — 125 125 
Total credit lines— — — — — — 10,126 10,126 
Credit lines:
YTD gross charge-offs
— — — — — — 156 156 
Credit cards:
Performing— — — — — — 36,386 36,386 
Nonperforming— — — — — — 570 570 
Total credit cards— — — — — — 36,956 36,956 
Credit cards:
YTD gross charge-offs
— — — — — — 2,781 2,781 
Overdrafts:
Performing— — — — — — 451 451 
Nonperforming— — — — — — — — 
Total overdrafts— — — — — — 451 451 
Overdrafts:
YTD gross charge-offs
— — — — — — 912 912 
Total consumer loans266,393 177,224 115,920 41,147 11,614 8,132 47,533 667,963 
Total consumer loans YTD gross charge-offs
1,425 10,788 11,973 3,443 700 1,088 3,849 33,266 
Total mortgage and consumer loans$307,641 $196,846 $139,234 $69,647 $31,919 $503,996 $47,533 $1,296,816 
Total mortgage and consumer loans YTD gross charge-offs
$1,425 $10,788 $11,973 $3,443 $700 $1,214 $3,849 $33,392 
At March 31, 2025 and December 31, 2024, the balance of mortgage and consumer revolving loans that were converted to term loans was $2.5 million and $2.2 million, respectively.
OFG evaluates credit quality for auto loans based on Fair Isaac Corporation (“FICO”) score. The following table presents the amortized cost in auto loans held for investment based on their most recent FICO score as of March 31, 2025:
Term Loans
Amortized Cost Basis by Origination Year		Total
20252024202320222021Prior
(In thousands)
Auto loans:
FICO score:
1-660$20,857 $191,106 $196,430 $159,010 $88,929 $67,641 $723,973 
661-69940,770 158,004 98,550 64,432 31,795 22,922 416,473 
700+128,518 505,138 366,223 216,923 116,329 95,345 1,428,476 
No FICO589 6,665 6,314 5,325 2,877 2,230 24,000 
Total auto loans
$190,734 $860,913 $667,517 $445,690 $239,930 $188,138 $2,592,922 
Auto loans:
YTD gross charge-offs
$— $3,625 $6,435 $4,725 $1,863 $1,544 $18,192 
The following table presents the amortized cost in auto loans held for investment based on their most recent FICO score as of December 31, 2024:
Term Loans
Amortized Cost Basis by Origination Year		Total
20242023202220212020Prior
(In thousands)
Auto loans:
FICO score:
1-660$157,865 $191,510 $163,990 $93,675 $41,016 $38,369 $686,425 
661-699172,579 116,145 69,573 36,607 15,583 13,720 424,207 
700+521,507 397,649 243,449 130,613 66,571 54,947 1,414,736 
No FICO5,266 6,630 5,616 3,255 1,265 1,633 23,665 
Total auto loans
$857,217 $711,934 $482,628 $264,150 $124,435 $108,669 $2,549,033 
Auto loans:
YTD gross charge-offs
$4,068 $21,603 $18,912 $8,552 $3,799 $4,717 $61,651 
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 preceding tables.
As of March 31, 2025 and December 31, 2024, accrued interest receivable on loans totaled $59.0 million and $60.9 million, respectively, and is included in the accrued interest receivable line in OFG’s consolidated statements of financial condition. Refer to Note 9 – Accrued Interest Receivable and Other Assets for more information on accrued interest receivable on loans.