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OFG Bancorp (Holding Company Only) Financial Information (Tables)
 12 Months Ended
Dec. 31, 2018
OFG Bancorp (Holding Company Only) Financial Information [Abstract]  
Condensed Consolidating Balance Sheet [Table Text Block]
December 31,
20182017
(In thousands)
ASSETS
Cash and cash equivalents$39,207$24,430
Investment in bank subsidiary, equity method983,718941,198
Investment in nonbank subsidiaries, equity method19,34120,231
Due from bank subsidiary,net4022
Deferred tax asset, net-2,230
Other assets1,1221,616
Total assets$1,043,428$989,727
LIABILITIES AND STOCKHOLDERS’ EQUITY
Dividend payable5,2196,504
Due to affiliates14-
Accrued expenses and other liabilities2,2352,033
Subordinated capital notes36,08336,083
Total liabilities43,55144,620
Stockholders’ equity999,877945,107
Total liabilities and stockholders’ equity$1,043,428$989,727
Condensed Consolidating Statement Of Operations [Table Text Block]
Year Ended December 31,
201820172016
(In thousands)
Income:
Interest income$477$188$174
Gain on sale of securities--211
Investment trading activities, net and other6,0034,5114,066
Total income6,4804,6994,451
Expenses:
Interest expense1,9051,5561,370
Operating expenses7,9806,7007,179
Total expenses9,8858,2568,549
Loss before income taxes(3,405)(3,557)(4,098)
Income tax expense2,400403518
Loss before changes in undistributed earnings of subsidiaries(5,805)(3,960)(4,616)
Equity in undistributed earnings from:
Bank subsidiary87,12851,61258,580
Nonbank subsidiaries3,0874,9945,222
Net income$84,410$52,646$59,186
Condensed Consolidating Other Comprenhensive Income [Table Text Block]
Year ended December 31,
201820172016
(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,
201820172016
(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 compensation1,4011,1091,270
Employee benefit adjustment-(99)-
Deferred income tax, net2,230414444
Net decrease (increase) in other assets372(205)42
Net (decrease) increase in accrued expenses and other liabilities203(1,185)800
Dividends from banking subsidiary37,70026,74317,600
Dividends from non-banking subsidiary4,0004,0026,000
Net cash provided by operating activities40,10126,81921,763
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-307317
Net decrease in due to non-bank subsidiary, net14--
Proceeds from sales of premises and equipment200-324
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, net508-(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 equivalents14,7771,8572,333
Cash and cash equivalents at beginning of year24,43022,57320,240
Cash and cash equivalents at end of year$39,207$24,430$22,573