XML 58 R32.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Allowance for Loan and Lease Losses (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2014
Loans Receivable [Abstract] |
Allowance for Credit Losses on Financing Receivables [Table Text Block] | The composition of the Company's allowance for loan and lease losses at September 30, 2014 and December 31, 2013 was as follows:
| September 30, |  | December 31,
| 2014 |  | 2013
| (In thousands)
Allowance for loans and lease losses on non-covered loans: |  |  |  |  |
Originated and other loans and leases held for investment: |  |  |  |  |
Mortgage | $ | 18,872 |  | $ | 19,937
Commercial |  | 9,112 |  |  | 14,897
Consumer |  | 8,709 |  |  | 6,006
Auto and leasing |  | 13,404 |  |  | 7,866
Unallocated |  | 182 |  |  | 375
|  | 50,279 |  |  | 49,081
Acquired loans: |  |  |  |  |
Accounted for under ASC 310-20 (Loans with revolving feature and/or |  |  |  |  |
acquired at a premium) |  |  |  |  |
Commercial |  | 270 |  |  | 926
Consumer |  | 1,031 |  |  | -
Auto |  | 3,159 |  |  | 1,428
|  | 4,460 |  |  | 2,354
Accounted for under ASC 310-30 (Loans acquired with deteriorated |  |  |  |  |
credit quality, including those by analogy) |  |  |  |  |
Commercial |  | 10,115 |  |  | 1,713
Consumer |  | 5 |  |  | 418
Auto |  | - |  |  | 732
|  | 10,120 |  |  | 2,863
|  | 64,859 |  |  | 54,298
Allowance for loans and lease losses on covered loans: |  |  |  |  |
Loans secured by 1-4 family residential properties |  | 15,252 |  |  | 12,495
Commercial and other construction |  | 46,586 |  |  | 39,619
Consumer |  | 389 |  |  | 615
|  | 62,227 |  |  | 52,729
Total allowance for loan and lease losses | $ | 127,086 |  | $ | 107,027
Originated and Other Loans and Leases Held for Investment The following table s present the activity in our allowance for loan and lease losses and the related recorded investment of the associated loans for our originated and other loan s held for investment portfolio by segment for the period s indicated:
| Quarter Ended September 30, 2014
|  |  |  |  |  |  |  |  |  | Auto and |  |  |  |  |  |
| Mortgage |  | Commercial |  | Consumer |  | Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for non-covered originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 19,062 |  | $ | 12,423 |  | $ | 7,887 |  | $ | 11,127 |  | $ | 139 |  | $ | 50,638
Charge-offs |  | (1,563) |  |  | (1,081) |  |  | (1,585) |  |  | (7,393) |  |  | - |  |  | (11,622)
Recoveries |  | 138 |  |  | 56 |  |  | 66 |  |  | 2,434 |  |  | - |  |  | 2,694
Provision (recapture) for non-covered originated and other loan and lease losses |  | 1,235 |  |  | (2,286) |  |  | 2,341 |  |  | 7,236 |  |  | 43 |  |  | 8,569
Balance at end of period | $ | 18,872 |  | $ | 9,112 |  | $ | 8,709 |  | $ | 13,404 |  | $ | 182 |  | $ | 50,279
| Nine-Month Period Ended September 30, 2014
|  |  |  |  |  |  |  |  |  | Auto and |  |  |  |  |  |
| Mortgage |  | Commercial |  | Consumer |  | Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for non-covered originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 19,937 |  | $ | 14,897 |  | $ | 6,006 |  | $ | 7,866 |  | $ | 375 |  | $ | 49,081
Charge-offs |  | (3,764) |  |  | (2,043) |  |  | (3,820) |  |  | (17,994) |  |  | - |  |  | (27,621)
Recoveries |  | 374 |  |  | 269 |  |  | 457 |  |  | 6,094 |  |  | - |  |  | 7,194
Provision (recapture) for non-covered originated and other loan and lease losses |  | 2,325 |  |  | (4,011) |  |  | 6,066 |  |  | 17,438 |  |  | (193) |  |  | 21,625
Balance at end of period | $ | 18,872 |  | $ | 9,112 |  | $ | 8,709 |  | $ | 13,404 |  | $ | 182 |  | $ | 50,279
| September 30, 2014
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses on non-covered originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 7,932 |  | $ | 1,108 |  | $ | - |  | $ | - |  | $ | - |  | $ | 9,040
Collectively evaluated for impairment |  | 10,940 |  |  | 8,004 |  |  | 8,709 |  |  | 13,404 |  |  | 182 |  |  | 41,239
Total ending allowance balance | $ | 18,872 |  | $ | 9,112 |  | $ | 8,709 |  | $ | 13,404 |  | $ | 182 |  | $ | 50,279
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 91,692 |  | $ | 226,583 |  | $ | - |  | $ | - |  | $ | - |  | $ | 318,275
Collectively evaluated for impairment |  | 699,414 |  |  | 990,652 |  |  | 175,882 |  |  | 542,892 |  |  | - |  |  | 2,408,840
Total ending loan balance | $ | 791,106 |  | $ | 1,217,235 |  | $ | 175,882 |  | $ | 542,892 |  | $ | - |  | $ | 2,727,115
| Quarter Ended September 30, 2013
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for non-covered originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 21,375 |  | $ | 17,624 |  | $ | 2,341 |  | $ | 3,641 |  | $ | 720 |  | $ | 45,701
Charge-offs |  | (1,758) |  |  | (2,234) |  |  | (465) |  |  | (1,305) |  |  | - |  |  | (5,762)
Recoveries |  | - |  |  | 28 |  |  | 37 |  |  | 639 |  |  | - |  |  | 704
Provision for non-covered originated and other loan and lease losses |  | 1,374 |  |  | (703) |  |  | 2,915 |  |  | 3,143 |  |  | 201 |  |  | 6,930
Balance at end of period | $ | 20,991 |  | $ | 14,715 |  | $ | 4,828 |  | $ | 6,118 |  | $ | 921 |  | $ | 47,573
| Nine-Month Period Ended September 30, 2013
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for non-covered originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 21,092 |  | $ | 17,072 |  | $ | 856 |  | $ | 533 |  | $ | 368 |  | $ | 39,921
Charge-offs |  | (33,465) |  |  | (5,678) |  |  | (1,034) |  |  | (2,105) |  |  | - |  |  | (42,282)
Recoveries |  | - |  |  | 291 |  |  | 143 |  |  | 855 |  |  | - |  |  | 1,289
Provision for non-covered originated and other loan and lease losses |  | 33,364 |  |  | 3,030 |  |  | 4,863 |  |  | 6,835 |  |  | 553 |  |  | 48,645
Balance at end of period | $ | 20,991 |  | $ | 14,715 |  | $ | 4,828 |  | $ | 6,118 |  | $ | 921 |  | $ | 47,573
| December 31, 2013
| Mortgage |  | Commercial |  | Consumer |  | Auto and Leasing |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for non-covered originated and other loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 8,708 |  | $ | 1,431 |  | $ | - |  | $ | - |  | $ | - |  | $ | 10,139
Collectively evaluated for impairment |  | 11,229 |  |  | 13,466 |  |  | 6,006 |  |  | 7,866 |  |  | 375 |  |  | 38,942
Total ending allowance balance | $ | 19,937 |  | $ | 14,897 |  | $ | 6,006 |  | $ | 7,866 |  | $ | 375 |  | $ | 49,081
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 84,494 |  | $ | 28,145 |  | $ | - |  | $ | - |  | $ | - |  | $ | 112,639
Collectively evaluated for impairment |  | 681,771 |  |  | 1,099,512 |  |  | 127,744 |  |  | 379,874 |  |  | - |  |  | 2,288,901
Total ending loans balance | $ | 766,265 |  | $ | 1,127,657 |  | $ | 127,744 |  | $ | 379,874 |  | $ | - |  | $ | 2,401,540
Acquired Loans accounted for under ASC 310-2 0 (Loans with revolving feature and/or acquired at a premium) T he following table s present the activity in our allowance for loan losses and related recorded investment of the associated loans in our non-covered acquired loan portfolio, excluding loans accounted for under ASC 310-30, for the period s indicated
| Quarter Ended September 30, 2014
| Commercial |  | Consumer |  | Auto |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for non-covered acquired loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 464 | 1 | $ | 338 |  | $ | 2,642 |  | $ | - |  | $ | 3,444
Charge-offs |  | (228) |  |  | (1,432) |  |  | (1,748) |  |  | - |  |  | (3,408)
Recoveries |  | 35 |  |  | 139 |  |  | 519 |  |  | - |  |  | 693
Provision (recapture) for non-covered acquired loan and lease losses accounted for under ASC 310-20 |  | (1) |  |  | 1,986 |  |  | 1,746 |  |  | - |  |  | 3,731
Balance at end of period | $ | 270 |  | $ | 1,031 |  | $ | 3,159 |  | $ | - |  | $ | 4,460
| Nine-Month Period Ended September 30, 2014
| Commercial |  | Consumer |  | Auto |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for non-covered acquired loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 926 | 1 | $ | - |  | $ | 1,428 |  | $ | - |  | $ | 2,354
Charge-offs |  | (512) |  |  | (5,442) |  |  | (4,414) |  |  | - |  |  | (10,368)
Recoveries |  | 65 |  |  | 363 |  |  | 1,504 |  |  | - |  |  | 1,932
Provision (recapture) for non-covered acquired loan and lease losses accounted for under ASC 310-20 |  | (209) |  |  | 6,110 |  |  | 4,641 |  |  | - |  |  | 10,542
Balance at end of period | $ | 270 |  | $ | 1,031 |  | $ | 3,159 |  | $ | - |  | $ | 4,460
| September 30, 2014
| Commercial |  | Consumer |  | Auto |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses on non-covered acquired loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collectively evaluated for impairment |  | 270 |  |  | 1,031 |  |  | 3,159 |  |  | - |  |  | 4,460
Total ending allowance balance | $ | 270 |  | $ | 1,031 |  | $ | 3,159 |  | $ | - |  | $ | 4,460
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collectively evaluated for impairment |  | 26,984 |  |  | 47,284 |  |  | 210,808 |  |  | - |  |  | 285,076
Total ending loan balance | $ | 26,984 |  | $ | 47,284 |  | $ | 210,808 |  | $ | - |  | $ | 285,076
| Quarter Ended September 30, 2013
| Commercial |  | Consumer |  | Auto |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for non-covered acquired loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 924 | $ 1 | $ | - |  | $ | - |  | $ | - |  | $ | 924
Charge-offs |  | - |  |  | (1,233) |  |  | (1,598) |  |  | - |  |  | (2,831)
Recoveries |  | 6 |  |  | 88 |  |  | 884 |  |  | - |  |  | 978
Provision (recapture)for non-covered acquired loan and lease losses accounted for under ASC 310-20 |  | 431 |  |  | 1,145 |  |  | 1,394 |  |  | - |  |  | 2,970
Balance at end of period | $ | 1,361 |  | $ | - |  | $ | 680 |  | $ | - |  | $ | 2,041
| Nine-Month Period Ended September 30, 2013
| Commercial |  | Consumer |  | Auto |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses for non-covered acquired loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | - | $ 1 | $ | - |  | $ | - |  | $ | - |  | $ | -
Charge-offs |  | (25) |  |  | (3,847) |  |  | (4,723) |  |  | - |  |  | (8,595)
Recoveries |  | 6 |  |  | 932 |  |  | 3,000 |  |  | - |  |  | 3,938
Provision (recapture) for non-covered acquired loan and lease losses accounted for under ASC 310-20 |  | 1,380 |  |  | 2,915 |  |  | 2,403 |  |  | - |  |  | 6,698
Balance at end of period | $ | 1,361 |  | $ | - |  | $ | 680 |  | $ | - |  | $ | 2,041
| December 31, 2013
| Commercial |  | Consumer |  | Auto |  | Unallocated |  | Total
| (In thousands)
Allowance for loan and lease losses on non-covered acquired loans accounted for under ASC 310-20: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ending allowance balance attributable to loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collectively evaluated for impairment |  | 926 |  |  | - |  |  | 1,428 |  |  | - |  |  | 2,354
Total ending allowance balance | $ | 926 |  | $ | - |  | $ | 1,428 |  | $ | - |  | $ | 2,354
Loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Collectively evaluated for impairment |  | 77,681 |  |  | 56,174 |  |  | 301,584 |  |  | - |  |  | 435,439
Total ending loan balance | $ | 77,681 |  | $ | 56,174 |  | $ | 301,584 |  | $ | - |  | $ | 435,439
The following table s present the activity in our allowance for loan losses and related recorded investment of the associated loans in our non-covered acquired loan portfolio accounted for under ASC 310-30, for the period s indicated:
| Quarter Ended September 30, 2014
| Mortgage |  | Commercial |  | Construction |  | Consumer |  | Auto |  | Total
| (In thousands)
Allowance for loan and lease losses for non-covered loans accounted for under ASC 310-30: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | - | 1 | $ | 6,216 | 1 | $ | - | $ 1 | $ | 62 |  | $ | - |  | $ | 6,278
Provision(recapture) for non-covered acquired loan and lease losses accounted for under ASC 310-30 |  | - |  |  | 3,899 |  |  | - |  |  | (57) |  |  | - |  |  | 3,842
Balance at end of period | $ | - |  | $ | 10,115 |  | $ | - |  | $ | 5 |  | $ | - |  | $ | 10,120
| Nine-Month Period Ended September 30, 2014
| Mortgage |  | Commercial |  | Construction |  | Consumer |  | Auto |  | Total
| (In thousands)
Allowance for loan and lease losses for non-covered loans accounted for under ASC 310-30: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | - | 1 | $ | 1,713 | 1 | $ | - | 1 | $ | 418 |  | $ | 732 |  | $ | 2,863
Provision (recapture) for non-covered acquired loan and lease losses accounted for under ASC 310-30 |  | - |  |  | 8,402 |  |  | - |  |  | (413) |  |  | (732) |  |  | 7,257
Balance at end of period | $ | - |  | $ | 10,115 |  | $ | - |  | $ | 5 |  | $ | - |  | $ | 10,120
Allowance For Credit Losses On Financing Receivables Covered Loans [Table Text Block] | The changes in the allowance for loan and lease losses on covered loans for the quarters and nine-month period s ended September 3 0, 201 4 and 201 3 were as follows:
| Quarter Ended September 30, |  | Nine-Month Period Ended September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
| (In thousands)
Balance at beginning of the period | $ | 59,515 |  | $ | 53,992 |  | $ | 52,729 |  | $ | 54,124
Provision for covered loan and lease losses, net |  | 1,115 |  |  | 3,074 |  |  | 4,339 |  |  | 4,956
FDIC shared-loss portion of provision for (recapture of) |  |  |  |  |  |  |  |  |  |  |
covered loan and lease losses, net |  | 1,597 |  |  | (511) |  |  | 5,159 |  |  | (2,525)
Balance at end of the period | $ | 62,227 |  | $ | 56,555 |  | $ | 62,227 |  | $ | 56,555

X
- Definition Tabular disclosure of financing receivables (examples of financing receivables include covered loans) and activity in the allowance for credit losses account. + References No definition available. + Details
Name: | ofg_Allowanceforcreditlossesonfinancingreceivablescoveredloanstabletextblock
Namespace Prefix: | ofg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=28368275&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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