XML 64 R52.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Investment Securities (Investment securities) (Details) - USD ($) $ in Thousands | Sep. 30, 2016 | Dec. 31, 2015
--- | --- | ---
Schedule of Investments [Line Items] |  |
Available for sale Amortized Cost | $ 623,994 | $ 955,646
Available-for-sale Securities, Gross Unrealized Gains | 19,671 | 27,312
Available-for-sale Securities, Gross Unrealized Losses | 982 | 8,349
Available-for-sale Securities | $ 642,683 | $ 974,609
Available for sale - Weighted Average Yield | 2.57% | 2.87%
Held-to-maturity, Amortized cost | $ 641,890 | $ 620,189
Held to maturity Securities Unrecognized Gains | 8,151 | 426
Held-to-maturity Securities, Unrecognized Loss | 18 | 5,936
Held to maturity Fair Value | $ 650,023 | $ 614,679
Held to maturity - Weighted Average Yield | 2.11% | 2.17%
Total Securities - Amortized Cost | $ 1,265,884 | $ 1,575,835
Total Securities Gross Unrealized Gains | 27,822 | 27,738
Total Securities Gross Unrealized Losses | 1,000 | 14,285
Total Securities Fair Value | $ 1,292,706 | $ 1,589,288
Marketable Securities Weighted Average Yield | 2.34% | 2.60%
Collateralized Mortgage Backed Securities [Member] |  |
Schedule of Investments [Line Items] |  |
Available for sale Amortized Cost | $ 613,238 | $ 930,279
Available-for-sale Securities, Gross Unrealized Gains | 19,560 | 27,184
Available-for-sale Securities, Gross Unrealized Losses | 370 | 4,250
Available-for-sale Securities | $ 632,428 | $ 953,213
Available for sale - Weighted Average Yield | 2.56% | 2.82%
Held-to-maturity, Amortized cost | $ 616,883 | $ 595,157
Held to maturity Securities Unrecognized Gains | 8,141 | 426
Held-to-maturity Securities, Unrecognized Loss | 18 | 5,865
Held to maturity Fair Value | $ 625,006 | $ 589,718
Held to maturity - Weighted Average Yield | 2.17% | 2.24%
Collateralized Mortgage Backed Securities [Member] | FNMA and FHLMC [Member] |  |
Schedule of Investments [Line Items] |  |
Available for sale Amortized Cost | $ 376,242 | $ 735,363
Available-for-sale Securities, Gross Unrealized Gains | 13,365 | 25,791
Available-for-sale Securities, Gross Unrealized Losses | 0 | 1,509
Available-for-sale Securities | $ 389,607 | $ 759,645
Available for sale - Weighted Average Yield | 2.60% | 2.97%
Held-to-maturity, Amortized cost | $ 616,883 | $ 595,157
Held to maturity Securities Unrecognized Gains | 8,141 | 426
Held-to-maturity Securities, Unrecognized Loss | 18 | 5,865
Held to maturity Fair Value | $ 625,006 | $ 589,718
Held to maturity - Weighted Average Yield | 2.17% | 2.24%
Collateralized Mortgage Backed Securities [Member] | GNMA [Member] |  |
Schedule of Investments [Line Items] |  |
Available for sale Amortized Cost | $ 125,188 | $ 57,129
Available-for-sale Securities, Gross Unrealized Gains | 5,797 | 1,366
Available-for-sale Securities, Gross Unrealized Losses | 0 | 0
Available-for-sale Securities | $ 130,985 | $ 58,495
Available for sale - Weighted Average Yield | 3.02% | 3.19%
Collateralized Mortgage Backed Securities [Member] | CMO's [Member] |  |
Schedule of Investments [Line Items] |  |
Available for sale Amortized Cost | $ 111,808 | $ 137,787
Available-for-sale Securities, Gross Unrealized Gains | 398 | 27
Available-for-sale Securities, Gross Unrealized Losses | 370 | 2,741
Available-for-sale Securities | $ 111,836 | $ 135,073
Available for sale - Weighted Average Yield | 1.88% | 1.85%
Securities Investment [Member] |  |
Schedule of Investments [Line Items] |  |
Available for sale Amortized Cost | $ 10,756 | $ 25,367
Available-for-sale Securities, Gross Unrealized Gains | 111 | 128
Available-for-sale Securities, Gross Unrealized Losses | 612 | 4,099
Available-for-sale Securities | $ 10,255 | $ 21,396
Available for sale - Weighted Average Yield | 3.47% | 4.94%
Held-to-maturity, Amortized cost | $ 25,007 | $ 25,032
Held to maturity Securities Unrecognized Gains | 10 | 0
Held-to-maturity Securities, Unrecognized Loss | 0 | 71
Held to maturity Fair Value | $ 25,017 | $ 24,961
Held to maturity - Weighted Average Yield | 0.49% | 0.49%
Securities Investment [Member] | US Treasury Securities [Member] |  |
Schedule of Investments [Line Items] |  |
Held-to-maturity, Amortized cost | $ 25,007 | $ 25,032
Held to maturity Securities Unrecognized Gains | 10 | 0
Held-to-maturity Securities, Unrecognized Loss | 0 | 71
Held to maturity Fair Value | $ 25,017 | $ 24,961
Held to maturity - Weighted Average Yield | 0.49% | 0.49%
Securities Investment [Member] | Obligation of US Government sponsored agencies at loss [Member] |  |
Schedule of Investments [Line Items] |  |
Available for sale Amortized Cost | $ 4,170 | $ 5,122
Available-for-sale Securities, Gross Unrealized Gains | 0 | 0
Available-for-sale Securities, Gross Unrealized Losses | 5 | 29
Available-for-sale Securities | $ 4,165 | $ 5,093
Available for sale - Weighted Average Yield | 1.37% | 1.36%
Securities Investment [Member] | Obligation of Puerto Rico Government and political subdivisions [Member] |  |
Schedule of Investments [Line Items] |  |
Available for sale Amortized Cost | $ 4,680 | $ 17,801
Available-for-sale Securities, Gross Unrealized Gains | 0 | 0
Available-for-sale Securities, Gross Unrealized Losses | 607 | 4,070
Available-for-sale Securities | $ 4,073 | $ 13,731
Available for sale - Weighted Average Yield | 5.55% | 6.24%
Securities Investment [Member] | Other Debt Obligations [Member] |  |
Schedule of Investments [Line Items] |  |
Available for sale Amortized Cost | $ 1,906 | $ 2,444
Available-for-sale Securities, Gross Unrealized Gains | 111 | 128
Available-for-sale Securities, Gross Unrealized Losses | 0 | 0
Available-for-sale Securities | $ 2,017 | $ 2,572
Available for sale - Weighted Average Yield | 2.94% | 2.98%

X
- Definition The net amount of gross unrealized gains for securities, at a point in time, which are categorized neither as held-to-maturity nor trading securities. + References No definition available. + Details
Name: | ofg_AvailableForSaleSecuritiesGrossUnrealizedGainAccumulatedInAoci
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The net amount of gross unrealized losses for securities, at a point in time, which are categorized neither as held-to-maturity nor trading securities. + References No definition available. + Details
Name: | ofg_AvailableForSaleSecuritiesGrossUnrealizedLossAccumulatedInAoci
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Reflects the calculation as of the balance sheet date of the average interest rate weighted by the amount of investment securities outstanding by type or by instrument at that time. + References No definition available. + Details
Name: | ofg_AvailableForSaleSecuritiesWeightedAverageYield
Namespace Prefix: | ofg_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition As of the balance sheet date, the excess of fair value over carrying value (amortized cost) of a debt security categorized as held-to-maturity, exclusive of dividend or interest income recognized but not yet received and exclusive of any write-downs for other-than-temporary impairment. Such item represents the gross unrecognized holding gain. + References No definition available. + Details
Name: | ofg_HeldToMaturitySecuritiesUnrecognizedGains
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition As of the balance sheet date, the excess of carrying value (amortized cost) over fair value of a debt security categorized as held-to-maturity, exclusive of dividend or interest income recognized but not yet received and exclusive of any write-downs for other-than-temporary impairment. Such item represents the gross unrecognized holding loss. + References No definition available. + Details
Name: | ofg_HeldToMaturitySecuritiesUnrecognizedLoss
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Reflects the calculation as of the balance sheet date of the average interest rate weighted by the amount of held to maturity securities outstanding by type or by instrument at that time. + References No definition available. + Details
Name: | ofg_Heldtomaturitysecuritiesdebtmaturitiesaverageyield
Namespace Prefix: | ofg_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition This item represents the gross unrealized gains for securities, at a point in time, which include held-to-maturity and Available for sale securities. + References No definition available. + Details
Name: | ofg_MarketableSecuritiesGrossUnrealizedGain
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition This item represents the gross unrealized losses for securities, at a point in time, which include held-to-maturity and Available for sale securities. + References No definition available. + Details
Name: | ofg_MarketableSecuritiesGrossUnrealizedLosses
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Reflects the calculation as of the balance sheet date of the average interest rate weighted by the amount of marketable securities outstanding by type or by instrument at that time. + References No definition available. + Details
Name: | ofg_MarketableSecuritiesWeightedAverageYield
Namespace Prefix: | ofg_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition This item represents the cost of debt and equity securities, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. + References No definition available. + Details
Name: | ofg_Marketablesecuritiesamortizedcost
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 25 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=51813488&loc=d3e22054-111558 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (aa) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=49167202&loc=d3e26610-111562 + Details
Name: | us-gaap_AvailableForSaleSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. + 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 210.5-02.2) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_AvailableForSaleSecuritiesAmortizedCost
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount before other than temporary impairment (OTTI) accretion, of investments in debt securities classified as held-to-maturity. + References No definition available. + Details
Name: | us-gaap_HeldToMaturitySecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value of investments in debt securities classified as held-to-maturity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (aa) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 + Details
Name: | us-gaap_HeldToMaturitySecuritiesFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Total debt and equity financial instruments including: (1) securities held-to-maturity, (2) trading securities, and (3) securities available-for-sale. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 5 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27232-111563 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.4) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
Name: | us-gaap_MarketableSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

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_ScheduleOfInvestmentsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | invest_InvestmentSecuritiesClassAxis=us-gaap_MortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=ofg_FnmaAndFhlmcMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=us-gaap_GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=us-gaap_CollateralizedMortgageObligationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | invest_InvestmentSecuritiesClassAxis=us-gaap_SecuritiesInvestmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=us-gaap_USTreasurySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=us-gaap_USGovernmentSponsoredEnterprisesDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=us-gaap_USStatesAndPoliticalSubdivisionsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_InvestmentTypeAxis=us-gaap_OtherDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |