XML 50 R38.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Borrowings (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2016
Debt Instruments [Abstract] |
Schedule Of Repurchase Agreement Counterparty [Table Text Block] | At June 30, 2016 and December 31, 2015, securities sold under agreements to repurchase (classified by counterparty), excluding accrued interest in the amount of $1.6 million and $2.2 million, respectively, were as follows:
| June 30, |  | December 31,
| 2016 |  | 2015
|  |  |  | Fair Value of |  |  |  |  | Fair Value of
| Borrowing |  | Underlying |  | Borrowing |  | Underlying
| Balance |  | Collateral |  | Balance |  | Collateral
| (In thousands)
JP Morgan Chase Bank NA | $ | 222,500 |  | $ | 231,586 |  | $ | 262,500 |  | $ | 283,483
Credit Suisse Securities (USA) LLC |  | 402,000 |  |  | 437,103 |  |  | 670,000 |  |  | 737,887
Total | $ | 624,500 |  | $ | 668,689 |  | $ | 932,500 |  | $ | 1,021,370
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 $1.6 million, at June 30, 2016:
|  |  |  |  | Weighted- |  |  |  |
|  | Borrowing |  | Average |  |  |  | Maturity
Year of Maturity |  | Balance |  | Coupon |  | Settlement Date |  | Date
|  | (In thousands) |  |  |  |  |  |
2016 |  | $ | 170,000 |  | 1.500% |  | 12/6/2012 |  | 12/8/2016
2017 |  |  | 232,000 |  | 4.780% |  | 3/2/2007 |  | 3/2/2017
2018 |  |  | 222,500 |  | 1.420% |  | 12/10/2012 |  | 4/29/2018
|  | $ | 624,500 |  | 2.690% |  |  |  |
Schedule of Repurchase Agreements [Table] |
| June 30, 2016
|  |  |  |  |  |  | Market Value of Underlying Collateral
|  |  |  | Weighted |  | FNMA and |  |  |  |  | US Treasury |  |  |
| Repurchase |  | Average | FHLMC |  | GNMA |  | Treasury |  |
| Liability |  | Rate |  | Certificates |  | Certificates |  | Notes |  | Total
| (Dollars in thousands)
Over 90 days | $ | 624,500 |  |  | 2.69% |  | $ | 646,889 |  | $ | 1,579 |  | $ | 20,221 |  | $ | 668,689
| December 31, 2015
|  |  |  |  |  |  | Market Value of Underlying Collateral
|  |  |  | Weighted |  | FNMA and |  |  |  |  | US Treasury |  |  |
| Repurchase |  | Average | FHLMC |  | GNMA |  | Treasury |  |
| Liability |  | Rate |  | Certificates |  | Certificates |  | Notes |  | Total
| (Dollars in thousands)
Less than 90 days | $ | 30,000 |  |  | 0.70% |  | $ | 31,961 |  | $ | - |  | $ | - |  | $ | 31,961
Over 90 days |  | 902,500 |  |  | 3.18% |  |  | 974,698 |  |  | 2,131 |  |  | 12,580 |  |  | 989,409
Total | $ | 932,500 |  |  | 3.10% |  | $ | 1,006,659 |  | $ | 2,131 |  | $ | 12,580 |  | $ | 1,021,370
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 3 6 thousand, at June 30, 2016:
|  |  |  |  | Weighted- |  |  |  |
|  |  | Borrowing |  | Average |  |  |  | Maturity
Year of Maturity |  |  | Balance |  | Coupon |  | Settlement Date |  | Date
|  |  | (In thousands) |  |  |  |  |  |
2016 |  | $ | 50,000 |  | 0.56% |  | 6/10/2016 |  | 7/11/2016
|  |  | 100,000 |  | 0.59% |  | 6/16/2016 |  | 7/18/2016
|  |  | 25,000 |  | 0.60% |  | 6/24/2016 |  | 7/25/2016
|  |  | 25,000 |  | 0.57% |  | 6/30/2016 |  | 7/29/2016
|  |  | 37,290 |  | 0.63% |  | 6/1/2016 |  | 7/1/2016
|  |  | 237,290 |  |  |  |  |  |
2017 |  |  | 4,150 |  | 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 |  |  | 9,704 |  | 2.59% |  | 7/19/2013 |  | 7/20/2020
|  | $ | 306,144 |  | 0.95% |  |  |  |
Redemtion Funds [Table Text Block] |
| Redemption fund
| (In thousands)
Redemption fund at June 30, 2016 | $ | 67,000
| $ | 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
- References No definition available. + Details
Name: | ofg_ScheduleOfRepurchaseAgreementCounterpartyTableTextBlock
Namespace Prefix: | ofg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + 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 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 2: 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 3: 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 + 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 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