XML 87 R76.htm IDEA: XBRL DOCUMENT
v3.19.2

Allowance for Loan and Lease Losses (Allowance for loan and lease losses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Provision For Loan And Lease Losses | $ 17,705 | $ 14,747 | $ 29,954 | $ 30,207
Acquired BBVAPR Accounted for under ASC 310-20 [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 1,968 | 3,184 | 2,062 | 3,862
Charge-offs | (569) | (513) | (1,094) | (1,660)
Recoveries | 151 | 350 | 284 | 635
Provision For Loan And Lease Losses | 135 | (295) | 433 | (111)
Balance at end of period | 1,685 | 2,726 | 1,685 | 2,726
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Commercial Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 32 | 37 | 22 | 42
Charge-offs | (80) | (5) | (80) | (5)
Recoveries | 2 | 12 | 5 | 15
Provision For Loan And Lease Losses | 77 | 42 | 84 | 34
Balance at end of period | 31 | 86 | 31 | 86
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Consumer Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 1,869 | 2,659 | 1,905 | 3,225
Charge-offs | (433) | (420) | (873) | (1,442)
Recoveries | 78 | 94 | 118 | 148
Provision For Loan And Lease Losses | 103 | 24 | 467 | 426
Balance at end of period | 1,617 | 2,357 | 1,617 | 2,357
Acquired BBVAPR Accounted for under ASC 310-20 [Member] | Auto Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 67 | 488 | 135 | 595
Charge-offs | (56) | (88) | (141) | (213)
Recoveries | 71 | 244 | 161 | 472
Provision For Loan And Lease Losses | (45) | (361) | (118) | (571)
Balance at end of period | 37 | 283 | 37 | 283
Originated Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 94,035 | 96,832 | 95,188 | 92,718
Charge-offs | (18,261) | (21,662) | (35,425) | (37,023)
Recoveries | 5,697 | 6,213 | 10,374 | 10,730
Provision For Loan And Lease Losses | 8,481 | 12,835 | 19,815 | 27,793
Balance at end of period | 89,952 | 94,218 | 89,952 | 94,218
Originated Loan [Member] | Mortgage Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 16,689 | 18,983 | 19,783 | 20,439
Charge-offs | (604) | (1,328) | (1,191) | (2,298)
Recoveries | 316 | 466 | 603 | 786
Provision For Loan And Lease Losses | (1,040) | 1,202 | (3,834) | 396
Balance at end of period | 15,361 | 19,323 | 15,361 | 19,323
Originated Loan [Member] | Commercial Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 32,154 | 33,174 | 30,326 | 30,258
Charge-offs | (2,146) | (1,998) | (3,232) | (3,147)
Recoveries | 177 | 227 | 323 | 409
Provision For Loan And Lease Losses | (951) | 77 | 1,817 | 3,960
Balance at end of period | 29,234 | 31,480 | 29,234 | 31,480
Originated Loan [Member] | Consumer Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 16,085 | 18,023 | 15,571 | 16,454
Charge-offs | (4,839) | (4,588) | (8,958) | (8,847)
Recoveries | 327 | 240 | 590 | 479
Provision For Loan And Lease Losses | 4,258 | 2,517 | 8,628 | 8,106
Balance at end of period | 15,831 | 16,192 | 15,831 | 16,192
Originated Loan [Member] | Auto and Leasing |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 29,107 | 26,652 | 29,508 | 25,567
Charge-offs | (10,672) | (13,748) | (22,044) | (22,731)
Recoveries | 4,877 | 5,280 | 8,858 | 9,056
Provision For Loan And Lease Losses | 6,214 | 9,039 | 13,204 | 15,331
Balance at end of period | 29,526 | 27,223 | 29,526 | 27,223
Acquired loans [Member] | Acquired BBVAPR accounted under ASC 310-30 [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 42,133 | 43,166 | 42,010 | 45,755
Charge-offs |  |  |  | 0
Provision For Loan And Lease Losses | 7,311 | 1,542 | 8,580 | 1,721
Allowance de-recognition from new policy | (4,017) | (532) | (5,163) | (3,300)
Balance at end of period | 45,427 | 44,176 | 45,427 | 44,176
Acquired loans [Member] | Acquired BBVAPR accounted under ASC 310-30 [Member] | Mortgage Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 17,901 | 14,331 | 15,225 | 14,085
Charge-offs |  |  |  | 0
Provision For Loan And Lease Losses | 7,390 | 236 | 10,123 | 550
Allowance de-recognition from new policy | (83) | 0 | (140) | (68)
Balance at end of period | 25,208 | 14,567 | 25,208 | 14,567
Acquired loans [Member] | Acquired BBVAPR accounted under ASC 310-30 [Member] | Commercial Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 20,733 | 22,047 | 20,641 | 23,691
Charge-offs |  |  |  | 0
Provision For Loan And Lease Losses | (79) | 1,306 | 771 | 2,058
Allowance de-recognition from new policy | (3,571) | (334) | (4,329) | (2,730)
Balance at end of period | 17,083 | 23,019 | 17,083 | 23,019
Acquired loans [Member] | Acquired BBVAPR accounted under ASC 310-30 [Member] | Consumer Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 0 | 18 | 0 | 18
Charge-offs |  |  |  | 0
Provision For Loan And Lease Losses | 0 | 0 | 0 | 0
Allowance de-recognition from new policy | 0 | 0 | 0 | 0
Balance at end of period | 0 | 18 | 0 | 18
Acquired loans [Member] | Acquired BBVAPR accounted under ASC 310-30 [Member] | Auto Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 3,499 | 6,770 | 6,144 | 7,961
Charge-offs |  |  |  | 0
Provision For Loan And Lease Losses | 0 | 0 | (2,314) | (887)
Allowance de-recognition from new policy | (363) | (198) | (694) | (502)
Balance at end of period | $ 3,136 | $ 6,572 | $ 3,136 | $ 6,572

X
- Definition The Company changed the purchase credit impaired policy for all loans accounted for under ASC 310-30. Under the new policy, the Company writes-off the loans recorded investment and derecognizes the associated allowance for loan and lease losses for loans that exit the pools. + References No definition available. + Details
Name: | ofg_AllowanceDeRecognitionFromNewPolicy
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition A valuation allowance for financing receivables that are expected to be uncollectible. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of recovery of financing receivables doubtful of collection that were previously charged off. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(4) -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of direct write-downs of financing receivables charged against the allowance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(3) -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of expense related to estimated loss from loan and lease transactions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109223946&loc=d3e3602-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.11) -URI http://asc.fasb.org/extlink&oid=114873765&loc=SL114874048-224260 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=84173941&loc=SL6953423-111524 + Details
Name: | us-gaap_ProvisionForLoanAndLeaseLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | ofg_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAxis=ofg_AccountedForUnderAsc31020Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_CommercialLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_ConsumerLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_AutomobileLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ofg_AcquiredNonAcquiredLoansByInstitutionAxis=ofg_NonAcquiredLoanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=us-gaap_MortgagesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=ofg_AutoAndLeasingLoansReceivableMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ofg_AcquiredNonAcquiredLoansByInstitutionAxis=ofg_AcquiredLoansMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ofg_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAxis=ofg_AccountedForUnderAsc31030Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |