XML 29 R17.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Accrued Interest Receivable and Other Assets | 9 Months Ended
--- | ---
Sep. 30, 2018
Accrued Interest Receivable And Other Assets [Abstract] |
Other Assets Disclosure [Text Block] | NOTE 10 — ACCRUED INTEREST RECEIVABLE AND OTHER ASSETS Accrued interest receivable at September 30, 2018 and December 31, 2017 consists of the following:
| September 30, |  | December 31,
| 2018 |  | 2017
| (In thousands)
Loans, excluding acquired loans | $ | 29,671 |  | $ | 46,936
Investments |  | 3,781 |  |  | 3,033
| $ | 33,452 |  | $ | 49,969
Accrued interest receivable at December 31, 2017, included $39.7 million, resulting from the loan payment moratorium. Accrued interest receivable resulting from the loan payment moratorium has been decreasing, as most moratoriums have expired. Some of these accrued interests are payable at the end of the loan term. Other assets at September 30, 2018 and December 31, 2017 consist of the following:
| September 30, |  | December 31,
| 2018 |  | 2017
| (In thousands)
Prepaid expenses | $ | 12,762 |  | $ | 9,200
Other repossessed assets |  | 4,146 |  |  | 3,548
Core deposit and customer relationship intangibles |  | 3,697 |  |  | 4,687
Tax credits |  | 2,277 |  |  | 4,277
Investment in Statutory Trust |  | 1,083 |  |  | 1,083
Accounts receivable and other assets |  | 37,951 |  |  | 41,898
| $ | 61,916 |  | $ | 64,693
Prepaid expenses amounting to $12.8 million and $9.2 million at September 30, 2018 and December 31, 2017, respectively, include prepaid municipal, property and income taxes aggregating to $7.3 million and $5.7 million, respectively. In connection with the FDIC-assisted acquisition and the BBVAPR Acquisition, Oriental recorded a core deposit intangible representing the value of checking and savings deposits acquired. At September 30, 2018 and December 31, 2017 this core deposit intangible amounted to $2.7 million and $3.3 million, respectively. In addition, Oriental recorded a customer relationship intangible representing the value of customer relationships acquired with the acquisition of the securities broker-dealer and insurance agency in the BBVAPR Acquisition. At September 30, 2018 and December 31, 2017, this customer relationship intangible amounted to $1.0 million and $1.4 million, respectively. Other repossessed assets totaled $4.1 million and $3.5 million at September 30, 2018 and December 31, 2017, respectively, that consist mainly of repossessed automobiles, which are recorded at their net realizable value. At September 30, 2018 and December 31, 2017, tax credits for Oriental totaled $2.3 million and $4.3 million, respectively. These tax credits do not have an expiration date.

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

X
- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration