XML 40 R37.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Borrowings (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2014
Debt Instruments [Abstract] |
Schedule Of Repurchase Agreement Counterparty [Table Text Block] |
| September 30, |  | December 31,
| 2014 |  | 2013
|  |  |  | Fair Value of |  |  |  |  | Fair Value of
| Borrowing |  | Underlying |  | Borrowing |  | Underlying
| Balance |  | Collateral |  | Balance |  | Collateral
| (In thousands)
JP Morgan Chase Bank NA |  | 255,000 |  |  | 259,039 |  |  | 255,000 |  |  | 273,250
Credit Suisse Securities (USA) LLC |  | 755,000 |  |  | 842,183 |  |  | 755,000 |  |  | 864,232
Deutsche Bank |  | - |  |  | - |  |  | 255,000 |  |  | 272,053
Total | $ | 1,010,000 |  | $ | 1,101,222 |  | $ | 1,265,000 |  | $ | 1,409,535
Schedule of Repurchase Agreement by Maturity [Table text Block] | The following table shows a summary of the Company's repurchase agreements and their terms, excluding accrued interest in the amount of $2.2 million, at September 30, 201 4:
|  |  |  |  | Weighted- |  |  |  |
|  | Borrowing |  | Average |  |  |  | Maturity
Year of Maturity |  | Balance |  | Coupon |  | Settlement Date |  | Date
|  | (In thousands) |  |  |  |  |  |
2014 |  | $ | 85,000 |  | 0.675% |  | 12/3/2012 |  | 12/3/2014
2015 |  |  | 255,000 |  | 0.840% |  | 12/10/2012 |  | 6/13/2015
2016 |  |  | 170,000 |  | 1.500% |  | 12/6/2012 |  | 12/8/2016
2017 |  |  | 500,000 |  | 4.780% |  | 3/2/2007 |  | 3/2/2017
|  | $ | 1,010,000 |  | 2.831% |  |  |  |
Schedule of Repurchase Agreements [Table] | At September 30, 2014 and December 31, 201 3, securities sold under agreements to repurchase (classified by counterparty), excluding accrued interest in the amount of $2.2 million and $2.6 million, respectively, were as follows
| September 30, 2014
|  |  |  |  |  |  | Market Value of Underlying Collateral
|  |  |  |  |  |  |  |  |  |  | CMOs |  | Obligations |  |
|  |  |  | Weighted |  | FNMA and |  |  |  |  | issued by US |  | of US |  |  |
| Repurchase |  | Average | FHLMC |  | GNMA |  | Government |  | Government |  |
| Liability |  | Rate |  | Certificates |  | Certificates |  | Sponsored Agencies |  | Sponsored Agencies |  | Total
| (Dollars in thousands)
Less than 90 days |  | 85,000 |  |  | 0.68% |  |  | 95,420 |  |  | 2,061 |  |  | - |  |  | - |  |  | 97,481
Over 90 days |  | 925,000 |  |  | 2.83% |  |  | 1,003,070 |  |  | 671 |  |  | - |  |  | - |  |  | 1,003,741
Total | $ | 1,010,000 |  |  | 2.89% |  | $ | 1,098,490 |  | $ | 2,732 |  | $ | - |  | $ | - |  | $ | 1,101,222
| December 31, 2013
|  |  |  |  |  |  | Market Value of Underlying Collateral
|  |  |  |  |  |  |  |  |  |  | CMOs |  | Obligations |  |
|  |  |  | Weighted |  | FNMA and |  |  |  |  | issued by US |  | of US |  |  |
| Repurchase |  | Average | FHLMC |  | GNMA |  | Government |  | Government |  |
| Liability |  | Rate |  | Certificates |  | Certificates |  | Sponsored Agencies |  | Sponsored Agencies |  | Total
| (Dollars in thousands)
Within 30 days | $ | 255,000 |  |  | 0.50% |  | $ | 216,201 |  | $ | - |  | $ | 48,923 |  | $ | 6,929 |  | $ | 272,053
Over 90 days |  | 1,010,000 |  |  | 2.89% |  |  | 1,018,632 |  |  | 3,000 |  |  | 45,100 |  |  | 3,720 |  |  | 1,070,452
Total | $ | 1,265,000 |  |  | 2.41% |  | $ | 1,234,833 |  | $ | 3,000 |  | $ | 94,023 |  | $ | 10,649 |  | $ | 1,342,505
Federal Home Loan Bank Advances Maturities Summary [Table Text Block] | The following table shows a summary of these advances and their terms, excluding accrued interest in the amount of $3 30 thousand, at September 30, 201 4:
|  |  |  |  | Weighted- |  |  |  |
|  |  | Borrowing |  | Average |  |  |  | Maturity
Year of Maturity |  |  | Balance |  | Coupon |  | Settlement Date |  | Date
|  |  | (In thousands) |  |  |  |  |  |
2014 |  | $ | 25,000 |  | 0.36% |  | 9/4/2014 |  | 10/6/2014
|  |  | 50,000 |  | 0.37% |  | 9/10/2014 |  | 10/10/2014
|  |  | 100,000 |  | 0.36% |  | 9/16/2014 |  | 10/16/2014
|  |  | 25,000 |  | 0.32% |  | 9/24/2014 |  | 10/24/2014
|  |  | 25,000 |  | 0.30% |  | 9/30/2014 |  | 10/30/2014
|  |  | 39,641 |  | 0.37% |  | 9/2/2014 |  | 10/1/2014
|  |  | 264,641 |  |  |  |  |  |
2017 |  |  | 4,558 |  | 1.24% |  | 4/3/2012 |  | 4/3/2017
2018 |  |  | 30,000 |  | 2.19% |  | 1/16/2013 |  | 1/16/2018
|  |  | 25,000 |  | 2.18% |  | 1/16/2013 |  | 1/16/2018
|  |  | 55,000 |  |  |  |  |  |
2020 |  |  | 10,259 |  | 2.59% |  | 7/19/2013 |  | 7/20/2020
|  | $ | 334,458 |  | 0.74% |  |  |  |
Redemtion Funds [Table Text Block] |
| Redemption fund
| (In thousands)
Redemption fund - September 30, 2014 | $ | 53,600
2014 |  | 1,675
2015 |  | 6,700
2016 |  | 5,025
| $ | 67,000

X
- Definition Describes the provision of a debt agreement that requires the borrower to periodically place monies into a fund which is used to retire, typically annually, a portion of the outstanding debt. + References No definition available. + Details
Name: | ofg_RedemtionFundsTableTextBlock
Namespace Prefix: | ofg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Repurchase Agreement by Maturity + References No definition available. + Details
Name: | ofg_ScheduleOfRepurchaseAgreementByMaturityTableTextBlock
Namespace Prefix: | ofg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition No authoritative reference available. + References No definition available. + Details
Name: | ofg_ScheduleOfRepurchaseAgreementCounterpartyTableTextBlock
Namespace Prefix: | ofg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of advances by federal home loan bank by branch. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13,16) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 13, 16 -Article 9 + Details
Name: | us-gaap_ScheduleOfFederalHomeLoanBankAdvancesByBranchOfFHLBBankTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for repurchase agreements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph m -Subparagraph 1 -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(m)(1)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfRepurchaseAgreements
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration