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Offset of Assets/Liabilities | 3 Months Ended
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Mar. 31, 2016
Offsetting [Abstract] |
Balance sheet Offsetting [Text Block] | NOTE 1 2 – OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES The Company’s derivatives are subject to agreements which allow a right of set-off with each respective counterparty. In addition, the Company’s securities purchased under agreements to resell and securities sold under agreements to repurchase have a right of set-off with the respective counterparty under the supplemental terms of the master repurchase agreements. In an event of default, each party has a right of set-off against the other party for amounts owed in the related agreements and any other amount or obligation owed in respect of any other agreement or transaction between them. Security collateral posted to open and maintain a master netting agreement with a counterparty, in the form of cas h and securities, may from time to time be segregated in an account at a third-party custodian pursuant to a an account control agreement. The following table presents the potential effect of rights of set-off associated with the Company’s recognized fina ncial assets and liabilities at March 31, 2016 and December 31, 2015:
March 31, 2016
|  |  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |
|  |  |  | Gross Amounts |  | Net Amount of |  |  |  |  |  |
|  |  |  | Offset in the |  | Assets Presented |  |  |  |  |  |
|  | Gross Amount |  | Statement of |  | in Statement |  |  |  | Cash |  |
|  | of Recognized |  | Financial |  | of Financial |  | Financial |  | Collateral |  | Net
|  | Assets |  | Condition |  | Condition |  | Instruments |  | Received |  | Amount
|  | (In thousands)
Derivatives |  | $ | 2,662 |  | $ | - |  | $ | 2,662 |  | $ | 2,007 |  | $ | - |  | $ | 655
December 31, 2015
|  |  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |
|  |  |  | Gross Amounts |  | Net amount of |  |  |  |  |  |
|  |  |  | Offset in the |  | Assets Presented |  |  |  |  |  |
|  | Gross Amount |  | Statement of |  | in Statement |  |  |  | Cash |  |
|  | of Recognized |  | Financial |  | of Financial |  | Financial |  | Collateral |  | Net
|  | Assets |  | Condition |  | Condition |  | Instruments |  | Received |  | Amount
|  | (In thousands)
Derivatives |  | $ | 3,025 |  | $ | - |  | $ | 3,025 |  | $ | 2,000 |  | $ | - |  | $ | 1,025
March 31, 2016
|  |  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |
|  |  |  |  |  | Net Amount of |  |  |  |  |  |
|  |  |  | Gross Amounts |  | Liabilities |  |  |  |  |  |
|  |  |  | Offset in the |  | Presented |  |  |  |  |  |  |  |  |
|  | Gross Amount |  | Statement of |  | in Statement |  |  |  | Cash |  |
|  | of Recognized |  | Financial |  | of Financial |  | Financial |  | Collateral |  | Net
|  | Liabilities |  | Condition |  | Condition |  | Instruments |  | Provided |  | Amount
|  |  |  |  |  |  |  | (In thousands)
Derivatives |  | $ | 6,966 |  | $ | - |  | $ | 6,966 |  | $ | - |  | $ | 1,980 |  | $ | 4,986
Securities sold under agreements to repurchase |  |  | 634,500 |  |  | - |  |  | 634,500 |  |  | 691,940 |  |  | - |  |  | (57,440)
Total |  | $ | 641,466 |  | $ | - |  | $ | 641,466 |  | $ | 691,940 |  | $ | 1,980 |  | $ | (52,454)
December 31, 2015
|  |  |  |  |  |  |  |  |  |  | Gross Amounts Not Offset in the Statement of Financial Condition |  |
|  |  |  |  |  | Net Amount of |  |  |  |  |  |
|  |  |  | Gross Amounts |  | Liabilities |  |  |  |  |  |
|  |  |  | Offset in the |  | Presented |  |  |  |  |  |  |  |  |
|  | Gross Amount |  | Statement of |  | in Statement |  |  |  | Cash |  |
|  | of Recognized |  | Financial |  | of Financial |  | Financial |  | Collateral |  | Net
|  | Liabilities |  | Condition |  | Condition |  | Instruments |  | Provided |  | Amount
|  | (In thousands)
Derivatives |  | $ | 7,257 |  | $ | - |  | $ | 7,257 |  | $ | - |  | $ | 1,980 |  | $ | 5,277
Securities sold under agreements to repurchase |  |  | 932,500 |  |  | - |  |  | 932,500 |  |  | 1,021,370 |  |  | - |  |  | (88,870)
Total |  | $ | 939,757 |  | $ | - |  | $ | 939,757 |  | $ | 1,021,370 |  | $ | 1,980 |  | $ | (83,593)

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- Definition Tabular disclosure of derivative and other financial assets and liabilities that are subject to offsetting, including master netting arrangements. + References No definition available. + Details
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Namespace Prefix: | ofg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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- References No definition available. + Details
Name: | us-gaap_OffsettingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration