XML 62 R48.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Borrowings (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Debt Instruments [Abstract] |
Schedule Of Repurchase Agreement Counterparty [Table Text Block] |
| December 31,
| 2016 |  | 2015
|  |  |  | Fair Value of |  |  |  |  | Fair Value of
| Borrowing |  | Underlying |  | Borrowing |  | Underlying
| Balance |  | Collateral |  | Balance |  | Collateral
| (In thousands)
PR Cash and Money Market Fund | $ | 70,010 |  | $ | 74,538 |  | $ | - |  | $ | -
JP Morgan Chase Bank NA |  | 350,219 |  |  | 376,674 |  |  | 262,500 |  |  | 283,483
Credit Suisse Securities (USA) LLC |  | 232,000 |  |  | 249,286 |  |  | 670,000 |  |  | 737,887
Total | $ | 652,229 |  | $ | 700,498 |  | $ | 932,500 |  | $ | 1,021,370
Schedule of Repurchase Agreement by Maturity [Table text Block] |
|  |  |  |  | Weighted- |  |  |  |
|  | Borrowing |  | Average |  |  |  | Maturity
Year of Maturity |  | Balance |  | Coupon |  | Settlement Date |  | Date
|  | (In thousands) |  |  |  |  |  |
2017 |  | $ | 70,010 |  | 0.77% |  | 12/27/2016 |  | 1/3/2017
|  |  | 47,719 |  | 0.20% |  | 12/7/2016 |  | 1/5/2017
|  |  | 232,000 |  | 4.78% |  | 3/2/2007 |  | 3/2/2017
2018 |  |  | 202,500 |  | 1.42% |  | 12/10/2012 |  | 4/29/2018
2019 |  |  | 25,000 |  | 1.52% |  | 12/9/2016 |  | 6/9/2019
|  |  | 75,000 |  | 1.46% |  | 12/9/2016 |  | 12/9/2019
|  | $ | 652,229 |  | 2.47% |  |  |  |
Schedule of Repurchase Agreements [Table] |
| December 31, 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)
Less than 90 days | $ | 349,729 |  |  | 3.35% |  | $ | 248,288 |  | $ | 75,536 |  | $ | 48,954 |  | $ | 372,778
Over 90 days |  | 302,500 |  |  | 1.44% |  |  | 327,627 |  |  | 93 |  |  | - |  |  | 327,720
Total | $ | 652,229 |  |  | 2.47% |  | $ | 575,915 |  | $ | 75,629 |  | $ | 48,954 |  | $ | 700,498
| 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
Repurchased Agreements Other Details[Table Text Block] |
| December 31,
| 2016 |  | 2015
| (In thousands)
Average daily aggregate balance outstanding | $ | 663,845 |  | $ | 1,012,756
Maximum outstanding balance at any month-end | $ | 902,500 |  | $ | 1,158,945
Weighted average interest rate during the year |  | 2.83% |  |  | 2.92%
Weighted average interest rate at year end |  | 2.47% |  |  | 3.10%
Federal Home Loan Bank Advances Maturities Summary [Table Text Block] | December 31, 20 16. The following table shows a summary of these advances and their terms, excluding accrued interest in the amount of $3 00 thousand, at December 31, 2016:
|  |  |  |  | Weighted- |  |  |  |
|  |  | Borrowing |  | Average |  |  |  | Maturity
Year of Maturity |  |  | Balance |  | Coupon |  | Settlement Date |  | Date
|  |  | (In thousands) |  |  |  |  |  |
2017 |  | $ | 36,582 |  | 0.69% |  | 12/1/2016 |  | 1/3/2017
|  |  | 4,031 |  | 1.24% |  | 4/3/2012 |  | 4/3/2017
|  |  | 40,613 |  |  |  |  |  |
2018 |  |  | 30,000 |  | 2.19% |  | 1/16/2013 |  | 1/16/2018
|  |  | 25,000 |  | 2.18% |  | 1/16/2013 |  | 1/16/2018
|  |  | 55,000 |  |  |  |  |  |
2020 |  |  | 9,541 |  | 2.59% |  | 7/19/2013 |  | 7/20/2020
|  | $ | 105,154 |  | 1.66% |  |  |  |

X
- References No definition available. + Details
Name: | ofg_RepurchasedAgreementsOtherDetailstableTextBlock
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