XML 49 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8

Loans (Tables)

3 Months Ended

Mar. 31, 2014

Loans And Leases Receivable Net Reported Amount Covered And Not Covered [Abstract]

Schedule Of Accounts Notes Loans And Financing Receivable Text Block

The composition of the Company's loan portfolio at March 31, 2014 and December 31, 2013 was as follows

	March 31,			December 31,
	2014			2013
	(In thousands)
Loans not covered under shared-loss agreements with FDIC:
Originated and other loans and leases held for investment:
Mortgage	$	782,150		$	766,265
Commercial		1,170,145			1,127,657
Consumer		142,492			127,744
Auto and leasing		447,940			379,874
		2,542,727			2,401,540
Acquired loans:
Accounted for under ASC 310-20 (Loans with revolving feature and/or
acquired at a premium)
Commercial		71,577			77,681
Consumer		52,049			56,174
Auto		268,865			301,584
		392,491			435,439
Accounted for under ASC 310-30 (Loans acquired with deteriorated
credit quality, including those by analogy)
Mortgage		703,454			717,904
Commercial		532,695			545,117
Construction		122,693			126,427
Consumer		53,310			63,620
Auto		341,889			379,145
		1,754,041			1,832,213
		4,689,259			4,669,192
Deferred loan cost , net		2,318			1,035
Loans receivable		4,691,577			4,670,227
Allowance for loan and lease losses on non-covered loans		(56,183)			(54,298)
Loans receivable, net		4,635,394			4,615,929
Mortgage loans held-for-sale		19,355			46,529
Total loans not covered under shared-loss agreements with FDIC, net		4,654,749			4,662,458
Loans covered under shared-loss agreements with FDIC:
Loans secured by 1-4 family residential properties		124,239			121,748
Construction and development secured by 1-4 family residential properties		18,254			17,304
Commercial and other construction		253,804			264,249
Consumer		5,769			6,119
Leasing		197			270
Total loans covered under shared-loss agreements with FDIC		402,263			409,690
Allowance for loan and lease losses on covered loans		(54,398)			(52,729)
Total loans covered under shared-loss agreements with FDIC, net		347,865			356,961
Total loans, net	$	5,002,614		$	5,019,419

Past Due Financing Receivables [Table Text Block]

The following tables present the aging of the recorded investment in gross originated and other loans held for investment as of March 31, 2014 and December 31, 2013 by class of loans. Mortgage loans past due included delinquent loans in the GNMA buy-back option program. 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, 2014
																			Loans 90+
																			Days Past
																			Due and
	30-59 Days			60-89 Days			90+ Days			Total Past									Still
	Past Due			Past Due			Past Due			Due			Current			Total Loans			Accruing
	(In thousands)
Mortgage
Traditional (by origination year):
Up to the year 2002	$	5,330		$	2,620		$	2,877		$	10,827		$	61,269		$	72,096		$	91
Years 2003 and 2004		5,494			2,445			2,342			10,281			53,234			63,515			-
Year 2005		6,620			2,288			6,289			15,197			72,621			87,818			-
Year 2006		10,151			4,376			4,474			19,001			97,903			116,904			-
Years 2007, 2008 and 2009		3,807			2,025			4,850			10,682			87,158			97,840			-
Years 2010, 2011, 2012, 2013 and 2014		3,890			1,122			4,939			9,951			172,216			182,167			167
		35,292			14,876			25,771			75,939			544,401			620,340			258
Non-traditional		1,744			470			2,425			4,639			35,151			39,790			-
Loss mitigation program		8,149			6,485			12,559			27,193			58,812			86,005			2,254
		45,185			21,831			40,755			107,771			638,364			746,135			2,512
Home equity secured personal loans		-			-			138			138			595			733			-
GNMA's buy-back option program		-			-			35,282			35,282			-			35,282			-
		45,185			21,831			76,175			143,191			638,959			782,150			2,512
Commercial
Commercial secured by real estate:
Corporate		-			-			-			-			62,935			62,935			-
Institutional		-			-			-			-			9,833			9,833			-
Middle market		-			-			1,531			1,531			168,222			169,753			-
Retail		1,241			277			4,780			6,298			150,396			156,694			-
Floor plan		-			-			-			-			1,699			1,699			-
Real estate		-			-			-			-			11,837			11,837			-
		1,241			277			6,311			7,829			404,922			412,751			-
Other commercial and industrial:
Corporate		-			-			-			-			28,475			28,475			-
Institutional		-			-			-			-			553,249			553,249			-
Middle market		-			-			513			513			82,420			82,933			-
Retail		609			292			1,622			2,523			64,532			67,055			-
Floor plan		-			-			-			-			25,682			25,682			-
		609			292			2,135			3,036			754,358			757,394			-
		1,850			569			8,446			10,865			1,159,280			1,170,145			-

	March 31, 2014
																			Loans 90+
																			Days Past
																			Due and
	30-59 Days			60-89 Days			90+ Days			Total Past									Still
	Past Due			Past Due			Past Due			Due			Current			Total Loans			Accruing
	(In thousands)
Consumer
Credit cards		263			171			354			788			14,702			15,490			-
Overdrafts		28			11			4			43			288			331			-
Personal lines of credit		60			99			57			216			1,718			1,934			-
Personal loans		1,418			524			248			2,190			105,847			108,037			-
Cash collateral personal loans		375			46			16			437			16,263			16,700			-
		2,144			851			679			3,674			138,818			142,492			-
Auto and leasing		33,788			8,559			5,872			48,219			399,721			447,940			-
Total	$	82,967		$	31,810		$	91,172		$	205,949		$	2,336,778		$	2,542,727		$	2,512

	December 31, 2013
																			Loans 90+
																			Days Past
																			Due and
	30-59 Days			60-89 Days			90+ Days			Total Past									Still
	Past Due			Past Due			Past Due			Due			Current			Total Loans			Accruing
	(In thousands)
Mortgage
Traditional (by origination year):
Up to the year 2002	$	6,697		$	1,635		$	3,408		$	11,740		$	64,772		$	76,512		$	79
Years 2003 and 2004		4,722			2,163			1,845			8,730			56,387			65,117			-
Year 2005		8,527			2,119			4,808			15,454			74,087			89,541			-
Year 2006		12,055			4,312			4,418			20,785			99,537			120,322			-
Years 2007, 2008 and 2009		3,464			1,104			4,663			9,231			91,919			101,150			152
Years 2010, 2011, 2012 and 2013		3,923			1,609			4,453			9,985			139,561			149,546			459
		39,388			12,942			23,595			75,925			526,263			602,188			690
Non-traditional		3,217			1,162			2,311			6,690			35,412			42,102			-
Loss mitigation program		9,759			5,560			13,191			28,510			57,808			86,318			2,185
		52,364			19,664			39,097			111,125			619,483			730,608			2,875
Home equity secured personal loans		-			-			138			138			598			736			-
GNMA's buy-back option program		-			-			34,921			34,921			-			34,921			-
		52,364			19,664			74,156			146,184			620,081			766,265			2,875
Commercial
Commercial secured by real estate:
Corporate		-			-			-			-			54,796			54,796			-
Institutional		-			-			-			-			4,050			4,050			-
Middle market		1,356			-			10,294			11,650			149,933			161,583			-
Retail		4,253			1,015			3,190			8,458			158,184			166,642			-
Floor plan		-			-			-			-			1,835			1,835			-
Real estate		-			-			-			-			11,655			11,655			-
		5,609			1,015			13,484			20,108			380,453			400,561			-
Other commercial and industrial:
Corporate		236			-			-			236			32,362			32,598			-
Institutional		-			-			-			-			536,445			536,445			-
Middle market		-			299			1,134			1,433			57,464			58,897			-
Retail		1,830			552			539			2,921			58,589			61,510			-
Floor plan		39			-			-			39			37,607			37,646			-
		2,105			851			1,673			4,629			722,467			727,096			-
		7,714			1,866			15,157			24,737			1,102,920			1,127,657			-

	December 31, 2013
																			Loans 90+
																			Days Past
																			Due and
	30-59 Days			60-89 Days			90+ Days			Total Past									Still
	Past Due			Past Due			Past Due			Due			Current			Total Loans			Accruing
	(In thousands)
Consumer
Credit cards		287			168			232			687			14,554			15,241			-
Overdrafts		46			4			-			50			322			372			-
Personal lines of credit		33			38			66			137			1,844			1,981			-
Personal loans		1,324			399			352			2,075			92,485			94,560			-
Cash collateral personal loans		324			43			-			367			15,223			15,590			-
		2,014			652			650			3,316			124,428			127,744			-
Auto and leasing		25,531			9,437			5,089			40,057			339,817			379,874			-
Total	$	87,623		$	31,619		$	95,052		$	214,294		$	2,187,246		$	2,401,540		$	2,875

The following table presents the aging of the recorded investment in gross acquired loans accounted for under ASC 310-20 as of March 31, 2014 and December 31, 2013, by class of loans:

	March 31, 2014
																			Loans 90+
																			Days Past
																			Due and
	30-59 Days			60-89 Days			90+ Days			Total Past									Still
	Past Due			Past Due			Past Due			Due			Current			Total Loans			Accruing
	(In thousands)
Commercial
Commercial secured by real estate
Corporate	$	-		$	-		$	-		$	-		$	11,079		$	11,079		$	-
Retail		47			-			603			650			3,651			4,301			-
Floor plan		-			-			101			101			2,651			2,752			-
		47			-			704			751			17,381			18,132			-
Other commercial and industrial
Corporate		14			-			82			96			2,851			2,947			-
Institutional		-			-			-			-			221			221			-
Retail		645			128			716			1,489			15,727			17,216			-
Floor plan		84			-			126			210			32,851			33,061			-
		743			128			924			1,795			51,650			53,445			-
		790			128			1,628			2,546			69,031			71,577			-
Consumer
Credit cards		1,413			781			2,078			4,272			44,109			48,381			-
Personal loans		105			83			57			245			3,423			3,668			-
		1,518			864			2,135			4,517			47,532			52,049			-
Auto		13,161			3,522			1,342			18,025			250,840			268,865			-
Total	$	15,469		$	4,514		$	5,105		$	25,088		$	367,403		$	392,491		$	-

	December 31, 2013
																			Loans 90+
																			Days Past
																			Due and
	30-59 Days			60-89 Days			90+ Days			Total Past									Still
	Past Due			Past Due			Past Due			Due			Current			Total Loans			Accruing
	(In thousands)
Commercial
Commercial secured by real estate
Corporate	$	-		$	-		$	-		$	-		$	10,166		$	10,166		$	-
Retail		431			331			868			1,630			4,140			5,770			-
Floor plan		-			-			101			101			2,576			2,677			-
		431			331			969			1,731			16,882			18,613			-
Other commercial and industrial
Corporate		14			83			-			97			9,696			9,793			-
Retail		1,717			1,418			659			3,794			23,544			27,338			-
Floor plan		35			193			18			246			21,691			21,937			-
		1,766			1,694			677			4,137			54,931			59,068			-
		2,197			2,025			1,646			5,868			71,813			77,681			-
Consumer
Credit cards		2,217			1,200			2,068			5,485			46,714			52,199			-
Personal loans		196			7			91			294			3,681			3,975			-
		2,413			1,207			2,159			5,779			50,395			56,174			-
Auto		12,534			3,616			1,608			17,758			283,826			301,584			-
Total	$	17,144		$	6,848		$	5,413		$	29,405		$	406,034		$	435,439		$	-

Carrying Amounts Of Acquired Non Covered Loans Tabular Disclosure [Table Text Block]

		March 31,		December 31,
		2014		2013
		(In thousands)
Contractual required payments receivable		$ 2,799,336		$ 2,929,353
Less: Non-accretable discount		563,294		579,587
Cash expected to be collected		2,236,042		2,349,766
Less: Accretable yield		482,001		517,553
Carrying amount		$ 1,754,041		$ 1,832,213

Accretable Yield for Acquired Loans Non-covered [Table Text Block]

The following tables describe the accretable yield and non-accretable discount activity of acquired loans accounted for under ASC 310-30 for the quarters ended March 31, 2014 and 2013, excluding covered loans

	Quarter Ended March 31,
	2014			2013
Accretable Yield Activity
Balance at beginning of period	$	517,553		$	655,833
Accretion		(40,269)			(47,668)
Transfer from non-accretable discount		4,717			-
Balance at end of period	$	482,001		$	608,165
	Quarter Ended March 31,
	2014			2013
Non-Accretable Discount Activity
Balance at beginning of period	$	579,587		$	714,462
Principal losses		(11,576)			(8,746)
Transfer to accretable yield		(4,717)			-
Balance at end of period	$	563,294		$	705,716

Covered loans carrying amount [Table Text Block]

Covered Loans

The carrying amount of covered loans at March 31, 2014 and December 31, 2013 is as follows:

	March 31,			December 31,
	2014			2013
	(In thousands)
Contractual required payments receivable	$	657,353		$	702,126
Less: Non-accretable discount		107,323			129,477
Cash expected to be collected		550,030			572,649
Less: Accretable yield		147,767			162,959
Carrying amount, gross		402,263			409,690
Less: Allowance for covered loan and lease losses		54,398			52,729
Carrying amount, net	$	347,865		$	356,961

The following tables describe the accretable yield and non-accretable discount activity of covered loans for the quarters ended March 31, 2014 and 2013:

Accretable Yield for Acquired Loans Covered [Table Text Block]

	Quarter Ended March 31,
	2014			2013
	(In thousands)
Accretable yield activity
Balance at beginning of period	$	162,959		$	188,008
Accretion		(23,388)			(20,229)
Transfer from non-accretable discount		8,196			6,328
Balance at end of period	$	147,767		$	174,107
	Quarter Ended March 31,
	2014			2013
	(In thousands)
Non-accretable discount activity
Balance at beginning of period	$	129,477		$	237,555
Principal losses		(13,958)			(16,991)
Transfer to accretable yield		(8,196)			(6,328)
Balance at end of period	$	107,323		$	214,236

Financing Receivable Recorded Investment Nonaccrual Status By Class Of Loans [Table Text Block]

Non-accrual Loans

The following table presents the recorded investment in loans in non-accrual status by class of loans as of March 31, 2014 and December 31, 2013:

	March 31,			December 31,
	2014			2013
	(In thousands)
Originated and other loans and leases held for investment
Mortgage
Traditional (by origination year):
Up to the year 2002	$	2,884		$	3,428
Years 2003 and 2004		2,359			1,845
Year 2005		6,667			4,922
Year 2006		4,555			4,418
Years 2007, 2008 and 2009		4,943			4,511
Years 2010, 2011, 2012, 2013 and 2014		8,342			7,818
		29,750			26,942
Non-traditional		2,425			2,311
Loss mitigation program		16,903			18,792
		49,078			48,045
Home equity secured personal loans		138			138
		49,216			48,183
Commercial
Commercial secured by real estate
Middle market		11,596			11,895
Retail		8,760			7,208
		20,356			19,103
Other commercial and industrial
Middle market		513			1,134
Retail		2,923			2,485
Floor plan		-			108
		3,436			3,727
		23,792			22,830
Consumer
Credit cards		354			232
Overdrafts		4			-
Personal lines of credit		161			84
Personal loans		547			485
Cash collateral personal loans		18			4
		1,084			805
Auto and leasing		6,047			5,089
	$	80,139		$	76,907

	March 31,			December 31,
	2014			2013
	(In thousands)
Acquired loans accounted under ASC 310-20
Commercial
Commercial secured by real estate
Retail	$	688		$	956
Floor plan		101			101
		789			1,057
Other commercial and industrial
Corporate		96			97
Retail		851			1,371
Floor plan		126			18
		1,073			1,486
		1,862			2,543
Consumer
Credit cards		2,076			2,068
Personal loans		58			151
		2,134			2,219
Auto		1,515			1,608
		5,511			6,370
Total non-accrual loans	$	85,650		$	83,277

X

- Definition

Tabular description of the accretable yield and non-accretable discount activity of acquired loans accounted for under ASC 310-30.

+ References

No definition available.

+ Details

Name:	ofg_AccretableYieldForAcquiredLoansCoveredTableTextBlock
Namespace Prefix:	ofg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular description of the accretable yield and non-accretable discount activity of acquired loans accounted for under ASC 310-30.

+ References

No definition available.

+ Details

Name:	ofg_AccretableYieldForAcquiredLoansNonCoveredTableTextBlock
Namespace Prefix:	ofg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the carrying amount of loans acquired as part of the recent acquisition, accounted for pursuant to ASC Subtopic 310-30 which consist of loans determined to be impaired at the time of acquisition and loans that were considered to be performing at the acquisition date.

+ References

No definition available.

+ Details

Name:	ofg_CarryingAmountsOfAcquiredNonCoveredLoansTabularDisclosureTableTextBlock
Namespace Prefix:	ofg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the carrying amount of loans acquired as part of the FDIC-Assisted Transacton, accounted for pursuant to ASC Subtopic 310-30 which consist of loans determined to be impaired at the time of acquisition and loans that were considered to be performing at the acquisition date.

+ References

No definition available.

+ Details

Name:	ofg_CoveredLoansCarryingAmountTableTextBlock
Namespace Prefix:	ofg_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_LoansAndLeasesReceivableNetReportedAmountCoveredAndNotCoveredAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=28368275&loc=d3e5111-111524



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 7A

-URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953401-111524

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.3,4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3, 4

-Article 5

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of nonaccrual and past due financing receivables (such as loans and trade receivables), including: (a) the recorded investment in loans and trade receivables, if applicable, on nonaccrual status as of each balance sheet date (b) the recorded investment in loans and trade receivables, if applicable, past due 90 days or more and still accruing.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=28368275&loc=d3e5111-111524

+ Details

Name:	us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration