XML 136 R174.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
OFG Bancorp (Holding Company Only) Financial Information (Statement of Cash Flows) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
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:      
Stock-based compensation 2,134 1,401 1,109
Employee benefit adjustment 0 0 (99)
Deferred income tax (benefit) expense, net (4,068) 14,772 (3,658)
Net decrease (increase) in other assets (1,957) 5,486 13,675
Net (decrease) increase in accrued expenses and other liabilities (27,761) (2,028) 28,431
Net cash provided by operating activities 109,617 133,355 151,440
Cash flows from investing activities:      
Maturities and redemptions of investment securities available-for-sale 165,683 120,709 105,169
Investment securities available-for-sale 680,466 17,837 256,996
Proceeds from sales of premises and equipment 2,225 1,668 569
Additions to premises and equipment (12,966) (11,491) (6,469)
Net cash provided by (used in) investing activities 842,173 (488,767) 187,304
Cash flows from financing activities:      
Net cash (used in) provided by financing activities (549,096) 317,242 (363,980)
Cash and cash equivalents at beginning of year 442,103 478,182  
Cash and cash equivalents at end of year 844,532 442,103 478,182
Parent Company [Member]      
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 subsidiary 5,097 5,805 3,960
Stock-based compensation 2,134 1,401 1,109
Employee benefit adjustment 0 0 (99)
Deferred income tax (benefit) expense, net 0 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)
Net cash provided by operating activities 23,576 40,101 26,819
Cash flows from investing activities:      
Proceeds from sales of premises and equipment 310 200 0
Additions to premises and equipment (319) (97) (19)
Net cash provided by (used in) 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 0
Dividends paid (20,884) (24,820) (24,412)
Net cash (used in) provided by 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
Bank Subsidiary [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in undistributed earnings from subsidiary (56,114) (87,128) (51,612)
Dividends from subsidiary 20,000 37,700 26,743
Cash flows from investing activities:      
Net decrease in due from bank subsidiary 0 0 307
Capital contribution to banking subsidiary (1,720) (1,105) (788)
Nonbank Subsidiaries [Member]      
Adjustments to reconcile net income to net cash provided by operating activities:      
Equity in undistributed earnings from subsidiary (2,824) (3,087) (4,994)
Dividends from subsidiary 6,017 4,000 4,002
Cash flows from investing activities:      
Net decrease in due from bank subsidiary (14) 14 0
Capital contribution to banking subsidiary $ (13,518) $ (24) $ (50)