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BORROWINGS AND RELATED INTEREST (Tables)
 9 Months Ended
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,
20252024
(In thousands)
Short-term fixed-rate repurchase agreements, with a weighted average interest rate of 4.07% (December 31, 2024 - 4.63%)
$100,000 $75,000 
Repurchase agreements’ maturities at September 30, 2025 and December 31, 2024 were as follows:
September 30,December 31,
20252024
(In thousands)
Under 90 days$— $75,000 
Over 90 days to one year100,000 — 
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 SecuritiesAmortized Cost of Underlying SecuritiesBalance of BorrowingApproximate Fair Value of Underlying SecuritiesWeighted Average Interest Rate of Security
(In thousands)
FNMA and FHLMC Certificates$103,977 $100,000 $106,444 5.20 %
December 31, 2024
Underlying SecuritiesAmortized Cost of Underlying SecuritiesBalance of BorrowingApproximate Fair Value of Underlying SecuritiesWeighted 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,
20252024
(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,
20252024
(In thousands)
Over 90 days to one year$55,000$270,000 
Over one to three years400,000 55,000 
$455,000 $325,000