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 tables 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 loans held for investment portfolio by segment for the periods 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 310-20 (Loans with revolving feature and/or acquired at a premium)

The following tables 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 periods 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 tables 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 periods 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 periods ended September 30, 2014 and 2013 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