XML 76 R108.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Fair Value (Qualitative information for assets and liabilities) (Details) (USD $) In Thousands, unless otherwise specified |  |  |  |  |  | 3 Months Ended |
--- | --- | --- | --- | --- | --- | --- | ---
Mar. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] | Dec. 31, 2013 Fair Value, Inputs, Level 3 [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Other Debt Obligations [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Other Debt Obligations [Member] Market Approach Valuation Technique [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Other Debt Obligations [Member] Market Approach Valuation Technique [Member] Minimum [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Other Debt Obligations [Member] Market Approach Valuation Technique [Member] Maximum [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Derivative asset (S&P Purchased Options) [Member] Option Pricing Model Technique [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Derivative asset (S&P Purchased Options) [Member] Option Pricing Model Technique [Member] Minimum [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Derivative asset (S&P Purchased Options) [Member] Option Pricing Model Technique [Member] Maximum [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Servicing Assets [Member] Cash Flow Valuation Technique [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Servicing Assets [Member] Cash Flow Valuation Technique [Member] Minimum [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Servicing Assets [Member] Cash Flow Valuation Technique [Member] Maximum [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Derivative liability (S&P Embedded Options) [Member] Option Pricing Model Technique [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Derivative liability (S&P Embedded Options) [Member] Option Pricing Model Technique [Member] Minimum [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Derivative liability (S&P Embedded Options) [Member] Option Pricing Model Technique [Member] Maximum [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Collateral dependant impaired loan Fair value of property or collateral [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Collateral dependant impaired loan Fair value of property or collateral [Member] Minimum [Member] | Mar. 31, 2014 Fair Value, Inputs, Level 3 [Member] Collateral dependant impaired loan Fair value of property or collateral [Member] Maximum [Member]
Fair Value Inputs Assets Quantitative Information [Line Items] |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair Value assets and liabilities measured on reccurring basis | $ 1,455,685 | $ 1,588,425 | $ 20,053 | $ 19,680 | $ 20,053 | $ 20,053 |  |  | $ 12,555 |  |  | $ 13,970 |  |  | $ (12,120) |  |  | $ 27,975 |  |
Valuation Technique |  |  |  |  |  | Market comparable bonds |  |  | Option pricing model |  |  | Cash flow valuation |  |  | Option pricing model |  |  | Fair value of property or collateral |  |
Unobservable Input |  |  |  |  |  | Indicative pricing Option adjusted spread Yield to maturity Spread to maturity |  |  | Implied option volatility Counterparty credit risk (based on 5-year credit default swap ("CDS") spread) |  |  | Constant prepayment rate Discount rate |  |  | Implied option volatility Counterparty credit risk (based on 5-year CDS spread) |  |  | Appraised value less disposition costs |  |
Indicative Pricing |  |  |  |  |  |  | 97.125% | 98.97% |  |  |  |  |  |  |  |  |  |  |  |
OAS spread |  |  |  |  |  |  | 683.70% | 1602.00% |  |  |  |  |  |  |  |  |  |  |  |
Yield to maturity |  |  |  |  |  |  | 7.05% | 15.89% |  |  |  |  |  |  |  |  |  |  |  |
Spread to maturity |  |  |  |  |  |  | 689.90% | 1579.00% |  |  |  |  |  |  |  |  |  |  |  |
Implied option volatility |  |  |  |  |  |  |  |  |  | 22.887% | 53.615% |  |  |  |  | 22.887% | 53.615% |  |  |
Counterparty credit risk (based on 5-year CDS spread) |  |  |  |  |  |  |  |  |  | 56.36% | 86.49% |  |  |  |  | 56.36% | 86.49% |  |  |
Constant prepayment rate |  |  |  |  |  |  |  |  |  |  |  |  | 5.60% | 10.08% |  |  |  |  |  |
Discount rate |  |  |  |  |  |  |  |  |  |  |  |  | 10.00% | 12.00% |  |  |  |  |  |
Appraised value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 21.30% | 28.30%

X
- Definition Fair Value Inputs Appraised Value. An evaluation of a property's value based on a given point in time that is performed by a professional appraiser during the mortgage origination process + References No definition available. + Details
Name: | ofg_AppraisedValue
Namespace Prefix: | ofg_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition A nominal quote expressed as a percentage, used as an input to measure fair value. + References No definition available. + Details
Name: | ofg_FairValueInputsIndicativePricing
Namespace Prefix: | ofg_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Yield spread that is not directly attributable to the characteristics of a security, expressed as a percentage, used as an input to measure fair value. + References No definition available. + Details
Name: | ofg_Fairvalueinputsoasspread
Namespace Prefix: | ofg_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Return on a fixed rate note, relative to its index rate, expressed as a percentage, used as an input to measure fair value. + References No definition available. + Details
Name: | ofg_FairValueInputsSpreadToMaturity
Namespace Prefix: | ofg_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Indicates the interest rate in the "Investment, Interest Rate" concept is the current yield of the investment as of the date of the report, used as an input to measure fair value. + References No definition available. + Details
Name: | ofg_FairValueInputsYieldToMaturity
Namespace Prefix: | ofg_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 25 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=28360136&loc=d3e22054-111558 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (aa) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6871852&loc=d3e26610-111562 + Details
Name: | us-gaap_AvailableForSaleSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssumptionsExpectedVolatilityRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FairValueInputsAssetsQuantitativeInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Risk that one party to the contract will default expressed as a percentage, used as an input to measure fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueInputsCounterpartyCreditRisk
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Interest rate used to find the present value of an amount to be paid or received in the future as an input to measure fair value. For example, but not limited to, weighted average cost of capital (WACC), cost of capital, cost of equity and cost of debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueInputsDiscountRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Description of the inputs and valuation technique(s) used to measure fair value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementsValuationTechniques
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Description of where the gains or losses, arising from liabilities measured at fair value on a recurring basis using unobservable inputs (Level 3), are included in earnings or the statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarningsDescription
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Estimated rate of prepayments of principal on servicing assets and servicing liabilities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=7882072&loc=d3e122596-111746 + Details
Name: | us-gaap_ServicingAssetsAndServicingLiabilitiesAtFairValueAssumptionsUsedToEstimateFairValuePrepaymentSpeed
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration