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OFG Bancorp (Holding Company Only) Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2018
OFG Bancorp (Holding Company Only) Financial Information [Abstract] |
Condensed Consolidating Balance Sheet [Table Text Block] |
|  | December 31,
|  | 2018 |  | 2017
|  | (In thousands)
ASSETS |  |  |  |  |  |
Cash and cash equivalents |  | $ | 39,207 |  | $ | 24,430
Investment in bank subsidiary, equity method |  |  | 983,718 |  |  | 941,198
Investment in nonbank subsidiaries, equity method |  |  | 19,341 |  |  | 20,231
Due from bank subsidiary,net |  |  | 40 |  |  | 22
Deferred tax asset, net |  |  | - |  |  | 2,230
Other assets |  |  | 1,122 |  |  | 1,616
Total assets |  | $ | 1,043,428 |  | $ | 989,727
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |
Dividend payable |  |  | 5,219 |  |  | 6,504
Due to affiliates |  |  | 14 |  |  | -
Accrued expenses and other liabilities |  |  | 2,235 |  |  | 2,033
Subordinated capital notes |  |  | 36,083 |  |  | 36,083
Total liabilities |  |  | 43,551 |  |  | 44,620
Stockholders’ equity |  |  | 999,877 |  |  | 945,107
Total liabilities and stockholders’ equity |  | $ | 1,043,428 |  | $ | 989,727
Condensed Consolidating Statement Of Operations [Table Text Block] |
| Year Ended December 31,
| 2018 |  | 2017 |  |  | 2016
| (In thousands)
Income: |  |  |  |  |  |  |  |
Interest income | $ | 477 |  | $ | 188 |  | $ | 174
Gain on sale of securities |  | - |  |  | - |  |  | 211
Investment trading activities, net and other |  | 6,003 |  |  | 4,511 |  |  | 4,066
Total income |  | 6,480 |  |  | 4,699 |  |  | 4,451
Expenses: |  |  |  |  |  |  |  |
Interest expense |  | 1,905 |  |  | 1,556 |  |  | 1,370
Operating expenses |  | 7,980 |  |  | 6,700 |  |  | 7,179
Total expenses |  | 9,885 |  |  | 8,256 |  |  | 8,549
Loss before income taxes |  | (3,405) |  |  | (3,557) |  |  | (4,098)
Income tax expense |  | 2,400 |  |  | 403 |  |  | 518
Loss before changes in undistributed earnings of subsidiaries |  | (5,805) |  |  | (3,960) |  |  | (4,616)
Equity in undistributed earnings from: |  |  |  |  |  |  |  |
Bank subsidiary |  | 87,128 |  |  | 51,612 |  |  | 58,580
Nonbank subsidiaries |  | 3,087 |  |  | 4,994 |  |  | 5,222
Net income | $ | 84,410 |  | $ | 52,646 |  | $ | 59,186
Condensed Consolidating Other Comprenhensive Income [Table Text Block] |
| Year ended December 31,
| 2018 |  | 2017 |  | 2016
| (In thousands)
Net income | $ | 84,410 |  | $ | 52,646 |  | $ | 59,186
Other comprehensive loss before tax: |  |  |  |  |  |  |  |
Unrealized loss on securities available-for-sale |  | - |  |  | - |  |  | (204)
Other comprehensive income from bank subsidiary |  | (8,014) |  |  | (4,545) |  |  | (12,238)
Other comprehensive loss before taxes |  | (8,014) |  |  | (4,545) |  |  | (12,442)
Income tax effect |  | - |  |  | - |  |  | 41
Other comprehensive loss after taxes |  | (8,014) |  |  | (4,545) |  |  | (12,401)
Comprehensive income | $ | 76,396 |  | $ | 48,101 |  | $ | 46,785
Condensed Consolidating Statement Of Cash Flows [Table Text Block] |
| Year Ended December 31,
| 2018 |  | 2017 |  | 2016
| (In thousands)
Cash flows from operating activities: |  |  |  |  |  |  |  |
Net income | $ | 84,410 |  | $ | 52,646 |  | $ | 59,186
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Equity in undistributed earnings from banking subsidiary |  | (87,128) |  |  | (51,612) |  |  | (58,580)
Equity in undistributed earnings from nonbanking subsidiaries |  | (3,087) |  |  | (4,994) |  |  | (5,222)
Amortization of investment securities premiums, net of accretion of discounts |  | - |  |  | - |  |  | 12
Realized gain on sale of securities |  | - |  |  | - |  |  | 211
Stock-based compensation |  | 1,401 |  |  | 1,109 |  |  | 1,270
Employee benefit adjustment |  | - |  |  | (99) |  |  | -
Deferred income tax, net |  | 2,230 |  |  | 414 |  |  | 444
Net decrease (increase) in other assets |  | 372 |  |  | (205) |  |  | 42
Net (decrease) increase in accrued expenses and other liabilities |  | 203 |  |  | (1,185) |  |  | 800
Dividends from banking subsidiary |  | 37,700 |  |  | 26,743 |  |  | 17,600
Dividends from non-banking subsidiary |  | 4,000 |  |  | 4,002 |  |  | 6,000
Net cash provided by operating activities |  | 40,101 |  |  | 26,819 |  |  | 21,763
Cash flows from investing activities: |  |  |  |  |  |  |  |
Maturities and redemptions of investment securities available-for-sale |  | - |  |  | - |  |  | 702
Proceeds from sales of investment securities available-for-sale |  | - |  |  | - |  |  | 4,888
Net decrease in due from bank subsidiary, net |  | - |  |  | 307 |  |  | 317
Net decrease in due to non-bank subsidiary, net |  | 14 |  |  | - |  |  | -
Proceeds from sales of premises and equipment |  | 200 |  |  | - |  |  | 324
Capital contribution to banking subsidiary |  | (1,105) |  |  | (788) |  |  | (894)
Capital contribution to non-banking subsidiary |  | (24) |  |  | (50) |  |  | (68)
Additions to premises and equipment |  | (97) |  |  | (19) |  |  | (381)
Net cash (used in) provided by investing activities |  | (1,012) |  |  | (550) |  |  | 4,888
Cash flows from financing activities: |  |  |  |  |  |  |  |
Proceeds from (payments to) exercise of stock options and lapsed restricted units, net |  | 508 |  |  | - |  |  | (315)
Dividends paid |  | (24,820) |  |  | (24,412) |  |  | (24,003)
Net cash used in financing activities |  | (24,312) |  |  | (24,412) |  |  | (24,318)
Net change in cash and cash equivalents |  | 14,777 |  |  | 1,857 |  |  | 2,333
Cash and cash equivalents at beginning of year |  | 24,430 |  |  | 22,573 |  |  | 20,240
Cash and cash equivalents at end of year | $ | 39,207 |  | $ | 24,430 |  | $ | 22,573

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