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OFG Bancorp (Holding Company Only) Financial Information (Tables) | 12 Months Ended
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Dec. 31, 2019
OFG Bancorp (Holding Company Only) Financial Information [Abstract] |
Condensed Consolidating Balance Sheet [Table Text Block] |
|  | December 31,
|  | 2019 |  | 2018
|  | (In thousands)
ASSETS |  |  |  |  |  |
Cash and cash equivalents |  | $ | 27,932 |  | $ | 39,207
Investment in bank subsidiary, equity method |  |  | 1,027,633 |  |  | 983,718
Investment in nonbank subsidiaries, equity method |  |  | 32,803 |  |  | 19,341
Due from bank subsidiary, net |  |  | 40 |  |  | 40
Deferred tax asset, net |  |  | - |  |  | (1)
Other assets |  |  | 676 |  |  | 1,123
Total assets |  | $ | 1,089,084 |  | $ | 1,043,428
LIABILITIES AND STOCKHOLDERS’ EQUITY |  |  |  |  |  |
Dividend payable |  |  | 5,222 |  |  | 5,219
Due to affiliates |  |  | - |  |  | 14
Accrued expenses and other liabilities |  |  | 2,301 |  |  | 2,235
Subordinated capital notes |  |  | 36,083 |  |  | 36,083
Total liabilities |  |  | 43,606 |  |  | 43,551
Stockholders’ equity |  |  | 1,045,478 |  |  | 999,877
Total liabilities and stockholders’ equity |  | $ | 1,089,084 |  | $ | 1,043,428
Condensed Consolidating Statement Of Operations [Table Text Block] |
| Year Ended December 31,
| 2019 |  | 2018 |  |  | 2017
| (In thousands)
Income: |  |  |  |  |  |  |  |
Interest income | $ | 828 |  | $ | 477 |  | $ | 188
Investment trading activities, net and other |  | 5,308 |  |  | 6,003 |  |  | 4,511
Total income |  | 6,136 |  |  | 6,480 |  |  | 4,699
Expenses: |  |  |  |  |  |  |  |
Interest expense |  | 2,012 |  |  | 1,905 |  |  | 1,556
Operating expenses |  | 7,516 |  |  | 7,980 |  |  | 6,700
Total expenses |  | 9,528 |  |  | 9,885 |  |  | 8,256
Loss before income taxes |  | (3,392) |  |  | (3,405) |  |  | (3,557)
Income tax expense |  | 1,705 |  |  | 2,400 |  |  | 403
Loss before changes in undistributed earnings of subsidiaries |  | (5,097) |  |  | (5,805) |  |  | (3,960)
Equity in undistributed earnings from: |  |  |  |  |  |  |  |
Bank subsidiary |  | 56,114 |  |  | 87,128 |  |  | 51,612
Nonbank subsidiaries |  | 2,824 |  |  | 3,087 |  |  | 4,994
Net income | $ | 53,841 |  | $ | 84,410 |  | $ | 52,646
Condensed Consolidating Other Comprenhensive Income [Table Text Block] |
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
| (In thousands)
Net income | $ | 53,841 |  | $ | 84,410 |  | $ | 52,646
Other comprehensive loss before tax: |  |  |  |  |  |  |  |
Other comprehensive income from bank subsidiary |  | 9,955 |  |  | (8,014) |  |  | (4,545)
Other comprehensive loss before taxes |  | 9,955 |  |  | (8,014) |  |  | (4,545)
Income tax effect |  | - |  |  | - |  |  | -
Other comprehensive loss after taxes |  | 9,955 |  |  | (8,014) |  |  | (4,545)
Comprehensive income | $ | 63,796 |  | $ | 76,396 |  | $ | 48,101
Condensed Consolidating Statement Of Cash Flows [Table Text Block] |
| Year Ended December 31,
| 2019 |  | 2018 |  | 2017
| (In thousands)
Cash flows from operating activities: |  |  |  |  |  |  |  |
Net income | $ | 53,841 |  | $ | 84,410 |  | $ | 52,646
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Equity in undistributed earnings from banking subsidiary |  | (56,114) |  |  | (87,128) |  |  | (51,612)
Equity in undistributed earnings from nonbanking subsidiaries |  | (2,824) |  |  | (3,087) |  |  | (4,994)
Stock-based compensation |  | 2,134 |  |  | 1,401 |  |  | 1,109
Employee benefit adjustment |  | - |  |  | - |  |  | (99)
Deferred income tax, net |  | - |  |  | 2,230 |  |  | 414
Net decrease (increase) in other assets |  | 458 |  |  | 372 |  |  | (205)
Net (decrease) increase in accrued expenses and other liabilities |  | 64 |  |  | 203 |  |  | (1,185)
Dividends from banking subsidiary |  | 20,000 |  |  | 37,700 |  |  | 26,743
Dividends from non-banking subsidiary |  | 6,017 |  |  | 4,000 |  |  | 4,002
Net cash provided by operating activities |  | 23,576 |  |  | 40,101 |  |  | 26,819
Cash flows from investing activities: |  |  |  |  |  |  |  |
Net decrease in due from bank subsidiary, net |  | - |  |  | - |  |  | 307
Net decrease in due to non-bank subsidiary, net |  | (14) |  |  | 14 |  |  | -
Proceeds from sales of premises and equipment |  | 310 |  |  | 200 |  |  | -
Capital contribution to banking subsidiary |  | (1,720) |  |  | (1,105) |  |  | (788)
Capital contribution to non-banking subsidiary |  | (13,518) |  |  | (24) |  |  | (50)
Additions to premises and equipment |  | (319) |  |  | (97) |  |  | (19)
Net cash (used in) provided by investing activities |  | (15,261) |  |  | (1,012) |  |  | (550)
Cash flows from financing activities: |  |  |  |  |  |  |  |
Proceeds from (payments to) exercise of stock options and lapsed restricted units, net |  | 1,294 |  |  | 508 |  |  | -
Dividends paid |  | (20,884) |  |  | (24,820) |  |  | (24,412)
Net cash used in financing activities |  | (19,590) |  |  | (24,312) |  |  | (24,412)
Net change in cash and cash equivalents |  | (11,275) |  |  | 14,777 |  |  | 1,857
Cash and cash equivalents at beginning of year |  | 39,207 |  |  | 24,430 |  |  | 22,573
Cash and cash equivalents at end of year | $ | 27,932 |  | $ | 39,207 |  | $ | 24,430

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