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BORROWINGS AND RELATED INTEREST (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Repurchase Agreements | The following table shows OFG’s repurchase agreements, excluding accrued interest in the amount of $791 thousand and $222 thousand at September 30, 2025 and December 31, 2024:
| September 30, |  | December 31,
| 2025 |  | 2024
| (In thousands)
Short-term fixed-rate repurchase agreements, with a weighted average interest rate of 4.07% (December 31, 2024 - 4.63%) | $ | 100,000 |  |  | $ | 75,000 |
Repurchase agreements’ maturities at September 30, 2025 and December 31, 2024 were as follows:
| September 30, |  | December 31,
| 2025 |  | 2024
| (In thousands)
Under 90 days | $ | — |  |  | $ | 75,000 |
Over 90 days to one year | 100,000 |  |  | — |
Total | $ | 100,000 |  |  | $ | 75,000 |
The following securities were sold under agreements to repurchase at September 30, 2025 and December 31, 2024:
|  | September 30, 2025
Underlying Securities |  | Amortized Cost of Underlying Securities |  | Balance of Borrowing |  | Approximate Fair Value of Underlying Securities |  | Weighted Average Interest Rate of Security
|  | (In thousands) |  |
FNMA and FHLMC Certificates |  | $ | 103,977 |  |  | $ | 100,000 |  |  | $ | 106,444 |  |  | 5.20 | %
|  | December 31, 2024
Underlying Securities |  | Amortized Cost of Underlying Securities |  | Balance of Borrowing |  | Approximate Fair Value of Underlying Securities |  | Weighted Average Interest Rate of Security
|  | (In thousands) |  |
FNMA and FHLMC Certificates |  | $ | 81,409 |  |  | $ | 75,000 |  |  | $ | 80,968 |  |  | 5.25 | %
Schedule of Federal Home Loan Bank Advances | The following table shows a summary of the advances and their terms, excluding accrued interest in the amount of $1.5 million and $952 thousand at September 30, 2025 and December 31, 2024, respectively:
| September 30, |  | December 31,
| 2025 |  | 2024
| (In thousands)
Short-term fixed-rate advances from FHLB, with a weighted average interest rate of 4.56% | $ | 55,000 |  |  | $ | 270,000 |
Long-term fixed-rate advance from FHLB, with a weighted average interest rate of 4.09% (December 31, 2024 - 3.79%) | 400,000 |  |  | 55,000 |
| $ | 455,000 |  |  | $ | 325,000 |
Advances from FHLB mature as follows:
| September 30, |  | December 31,
| 2025 |  | 2024
| (In thousands)
Over 90 days to one year | $ | 55,000 |  | $ | 270,000 |
Over one to three years | 400,000 |  |  | 55,000 |
| $ | 455,000 |  |  | $ | 325,000 |

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