DEPOSITS AND RELATED INTEREST (Tables)

3 Months Ended

Mar. 31, 2025

Total deposits, including related accrued interest payable, as of March 31, 2025 and December 31, 2024 consist of the following:


	March 31,		December 31,
	2025		2024
	(In thousands)
Non-interest-bearing demand deposits	$	2,600,555	$	2,493,860
Interest-bearing savings and demand deposits	5,348,484		5,198,462
Retail certificates of deposit	1,184,359		1,170,560
Institutional certificates of deposit	623,759		585,829
Total core deposits	9,757,157		9,448,711
Brokered deposits	165,812		156,075
Total deposits	$	9,922,969	$	9,604,786

Schedule of Interest Expense

Interest expense for the quarters ended March 31, 2025 and 2024 was as follows:


	Quarter Ended March 31,
	2025		2024

Demand and savings deposits	$	20,868	$	26,065
Certificates of deposit	15,424		10,727
	$	36,292	$	36,792

Schedule of Time Deposit Maturities

Excluding accrued interest of approximately $2.9 million and $3.1 million, the scheduled maturities of certificates of deposit at March 31, 2025 and December 31, 2024 are as follows:


March 31, 2025
	Period-end amount		Uninsured amount
	(In thousands)
Within one year:
Three months or less	$	525,810	$	183,525
Over 3 months through 6 months	393,324		222,565
Over 6 months through 1 year	559,574		263,959
	1,478,708		670,049
Over 1 through 2 years	354,648		107,400
Over 2 through 3 years	69,189		9,402
Over 3 through 4 years	37,175		4,894
Over 4 through 5 years	31,004		3,645
Over 5 years	270		—
	$	1,970,994	$	795,390

December 31, 2024
	Period-end amount		Uninsured amount
	(In thousands)
Within one year:
Three months or less	$	645,919	$	336,912
Over 3 months through 6 months	293,693		99,596
Over 6 months through 1 year	492,799		201,877
	1,432,411		638,385
Over 1 through 2 years	340,176		95,690
Over 2 through 3 years	63,044		9,017
Over 3 through 4 years	39,462		4,176
Over 4 through 5 years	33,549		4,084
Over 5 years	722		115
	$	1,909,364	$	751,467

- Definition

Tabular disclosure of type of deposit liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph e
-Publisher SEC

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph c
-Publisher SEC

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (5)
-Publisher SEC

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (4)
-Publisher SEC

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (3)
-Publisher SEC

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (2)
-Publisher SEC

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Subparagraph (1)
-Publisher SEC

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph a
-Publisher SEC

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (1)
-Publisher SEC

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)
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Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)(i)
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Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)(iv)
-Publisher SEC

Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)(iii)
-Publisher SEC

Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph f
-Subparagraph (2)(ii)
-Publisher SEC

+ Details

OFG BANCORP 10-Q