XML 44 R33.htm IDEA: XBRL DOCUMENT
v3.7.0.1

FDIC Indemnification and True-up Payment Obligation (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2017
Banking and Thrift [Abstract] |
FDIC Indemnification Asset and True-Up Payment Obligation Roll Forward | The following table presents the activity in the FDIC indemnification asset and tru e-up payment obligation for the quarters and six-month periods ended June 30, 2017 and 2016:
| Quarter Ended June 30, | Six-Month Period Ended June 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
| (In thousands)
FDIC indemnification asset: |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | - |  | $ | 20,923 |  | $ | 14,411 |  | $ | 22,599
Shared-loss agreements reimbursements from the FDIC |  | - |  |  | (332) |  |  | - |  |  | (737)
Increase in expected credit losses to be covered under shared-loss agreements, net |  | - |  |  | 951 |  |  | - |  |  | 2,395
FDIC indemnification asset benefit (expense) |  | - |  |  | (1,405) |  |  | 1,403 |  |  | (4,269)
Net expenses incurred under shared-loss agreements |  | - |  |  | (1,711) |  |  | - |  |  | (1,562)
Shared-loss termination settlement |  | - |  |  | - |  |  | (15,814) |  |  | -
Balance at end of period | $ | - |  | $ | 18,426 |  | $ | - |  | $ | 18,426
True-up payment obligation: |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | - |  | $ | 25,235 |  | $ | 26,786 |  | $ | 24,658
Change in true-up payment obligation |  | - |  |  | 537 |  |  | - |  |  | 1,114
Shared-loss termination settlement |  | - |  |  | - |  |  | (26,786) |  |  | -
Balance at end of period | $ | - |  | $ | 25,772 |  | $ | - |  | $ | 25,772
FDIC Indemnification Asset Expense [Table Text block] |
|  | Quarter Ended June 30, |  | Six-Month Period Ended June 30,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
|  | (In thousands)
FDIC indemnification asset expense (benefit) |  | $ | - |  | $ | 1,405 |  | $ | (1,403) |  | $ | 4,269
Change in true-up payment obligation |  |  | - |  |  | 537 |  |  | - |  |  | 1,114
Reimbursement to FDIC for recoveries |  |  | - |  |  | 1,478 |  |  | - |  |  | 2,066
Total FDIC shared-loss expense (benefit), net |  | $ | - |  | $ | 3,420 |  | $ | (1,403) |  | $ | 7,449

X
- Definition Tabular disclosure of the expenses related to the indemnification asset relating to loss sharing agreements with the Federal Deposit Insurance Corporation (FDIC). + References No definition available. + Details
Name: | ofg_FdicIndemnificationAssetExpenseTableTextBlock
Namespace Prefix: | ofg_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the change in the indemnification asset relating to loss sharing agreements with the Federal Deposit Insurance Corporation (FDIC). + References No definition available. + Details
Name: | us-gaap_FDICIndemnificationAssetRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration