XML 137 R125.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Business Segments (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | Dec. 31, 2015
Segment Reporting Information [Line Items] |  |  |  |  |
Total interest income | $ 87,908 | $ 99,413 | $ 179,214 | $ 206,414 |
Interest expense | (14,596) | (17,121) | (30,927) | (34,487) |
Net interest income | 73,312 | 82,292 | 148,287 | 171,927 |
Provision for Loan and Lease Losses, net | (14,445) | (15,539) | (28,234) | (57,732) |
Total non-interest income (loss), net | 15,155 | (4,656) | 28,658 | 2,225 |
Non-interest expenses | (53,825) | (64,437) | (108,682) | (120,769) |
Intersegment revenues | 0 | 0 | 0 | 0 |
Intersegment expenses | 0 | 0 | 0 | 0 |
Income (loss) before Income Taxes, Parent | 20,197 | (2,340) | 40,029 | (4,349) |
Total assets | 6,712,596 |  | 6,712,596 |  | $ 7,099,149
Banking [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Total interest income | 79,675 | 90,504 | 160,827 | 187,986 |
Interest expense | (7,300) | (7,110) | (14,107) | (14,564) |
Net interest income | 72,375 | 83,394 | 146,720 | 173,422 |
Provision for Loan and Lease Losses, net | (14,445) | (15,539) | (28,234) | (57,732) |
Total non-interest income (loss), net | 8,214 | (11,713) | 16,009 | (13,962) |
Non-interest expenses | (47,098) | (56,844) | (97,786) | (106,156) |
Intersegment revenues | 389 | 163 | 787 | 707 |
Intersegment expenses | (49) | (61) | (149) | (159) |
Income (loss) before Income Taxes, Parent | 19,386 | (600) | 37,347 | (3,880) |
Total assets | 5,829,987 | 6,153,663 | 5,829,987 | 6,153,663 |
Financial Services |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Total interest income | 16 | 24 | 34 | 47 |
Interest expense | 0 | 0 | 0 | 0 |
Net interest income | 16 | 24 | 34 | 47 |
Provision for Loan and Lease Losses, net | 0 | 0 | 0 | 0 |
Total non-interest income (loss), net | 6,910 | 6,893 | 12,930 | 13,903 |
Non-interest expenses | (4,908) | (6,733) | (7,853) | (11,524) |
Intersegment revenues | 0 | 0 | 0 | 0 |
Intersegment expenses | (286) | (87) | (577) | (518) |
Income (loss) before Income Taxes, Parent | 1,732 | 97 | 4,534 | 1,908 |
Total assets | 19,054 | 21,157 | 19,054 | 21,157 |
Treasury [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Total interest income | 8,217 | 8,885 | 18,353 | 18,381 |
Interest expense | (7,296) | (10,011) | (16,820) | (19,923) |
Net interest income | 921 | (1,126) | 1,533 | (1,542) |
Provision for Loan and Lease Losses, net | 0 | 0 | 0 | 0 |
Total non-interest income (loss), net | 31 | 164 | (281) | 2,284 |
Non-interest expenses | (1,820) | (860) | (3,043) | (3,089) |
Intersegment revenues | 49 | 61 | 149 | 160 |
Intersegment expenses | (103) | (76) | (210) | (189) |
Income (loss) before Income Taxes, Parent | (922) | (1,837) | (1,852) | (2,376) |
Total assets | 1,800,838 | 2,136,293 | 1,800,838 | 2,136,293 |
Major Segment [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Total interest income | 87,908 | 99,413 | 179,214 | 206,414 |
Interest expense | (14,596) | (17,121) | (30,927) | (34,487) |
Net interest income | 73,312 | 82,292 | 148,287 | 171,927 |
Provision for Loan and Lease Losses, net | (14,445) | (15,539) | (28,234) | (57,732) |
Total non-interest income (loss), net | 15,155 | (4,656) | 28,658 | 2,225 |
Non-interest expenses | (53,826) | (64,437) | (108,682) | (120,769) |
Intersegment revenues | 438 | 224 | 936 | 866 |
Intersegment expenses | (438) | (224) | (936) | (866) |
Income (loss) before Income Taxes, Parent | 20,196 | (2,340) | 40,029 | (4,349) |
Total assets | 7,649,879 | 8,311,113 | 7,649,879 | 8,311,113 |
Intersegment Elimination [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Total interest income | 0 | 0 | 0 | 0 |
Interest expense | 0 | 0 | 0 | 0 |
Net interest income | 0 | 0 | 0 | 0 |
Provision for Loan and Lease Losses, net | 0 | 0 | 0 | 0 |
Total non-interest income (loss), net | 0 | 0 | 0 | 0 |
Non-interest expenses | 0 | 0 | 0 | 0 |
Intersegment revenues | (438) | (224) | (936) | (866) |
Intersegment expenses | 438 | 224 | 936 | 866 |
Income (loss) before Income Taxes, Parent | 0 | 0 | 0 | 0 |
Total assets | (937,283) | (912,788) | (937,283) | (912,788) |
Consolidated Total [Member] |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Total interest income |  | 99,413 | 179,214 | 206,414 |
Interest expense |  | (17,121) | (30,927) | (34,487) |
Net interest income |  | 82,292 | 148,287 | 171,927 |
Provision for Loan and Lease Losses, net |  | (15,539) | (28,234) | (57,732) |
Total non-interest income (loss), net |  | (4,656) | 28,658 | 2,225 |
Non-interest expenses |  | (64,437) | (108,682) | (120,769) |
Intersegment revenues |  | 0 | 0 | 0 |
Intersegment expenses |  | 0 | 0 | 0 |
Income (loss) before Income Taxes, Parent |  | (2,340) | 40,029 | (4,349) |
Total assets | $ 6,712,596 | $ 7,398,325 | $ 6,712,596 | $ 7,398,325 |

X
- Definition Intersegment revenues including transaction with related parties. + References No definition available. + Details
Name: | ofg_IntersegmentRevenue
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.18) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 12 -Article 7 + Details
Name: | us-gaap_Assets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Costs of sales and operating expenses for the period incurred from transactions with related parties. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.2) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
Name: | us-gaap_CostsAndExpensesRelatedParty
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 20 -Section 25 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51673353&loc=d3e41242-110953 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 10 -Article 5 + Details
Name: | us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1-5) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_InterestAndDividendIncomeOperating
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of the cost of borrowed funds accounted for as interest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_InterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The net amount of operating interest income (expense). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.10) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_InterestIncomeExpenseNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total aggregate amount of all noninterest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.14) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_NoninterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.13) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
Name: | us-gaap_NoninterestIncome
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of expense related to estimated loss from loan and lease transactions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.11) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953423-111524 + Details
Name: | us-gaap_ProvisionForLoanAndLeaseLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=ofg_BankingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=ofg_WealthManagementMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=ofg_TreasuryMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=ofg_MajorSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=us-gaap_IntersegmentEliminationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=ofg_ConsolidatedTotalMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |