XML 113 R120.htm IDEA: XBRL DOCUMENT
v3.20.1

Guarantees (Narrative) (Details) - USD ($) $ in Thousands | 3 Months Ended |
--- | --- | ---
Mar. 31, 2020 | Mar. 31, 2019 | Dec. 31, 2019
Guarantee Obligations [Line Items] |  |  |
Acquired standby letters of credit and financial guarantees | $ 21,600 |  | $ 47,300
Unpaid principal balance of residential subject loans subject to credit recourse | 140,500 |  | 147,400
Repurchased GNMA | 479 | $ 0 |
Repurchased loans not subject to credit recourse provision | 8,400 | 1,900 |
Losses from repurchased loans subject to credit recourse | 14 | 116 |
Losses On Repurchased Loan Not Subject To Credit Recourse | 405 | $ 16 |
Serviced mortgage loans for third parties | 4,300,000 |  | 4,400,000
Funds Advanced To Investors Under Servicing Agreements | 3,800 |  | 3,600
Scotiabank PR & USVI Acquisition [Member] |  |  |
Guarantee Obligations [Line Items] |  |  |
Unpaid principal balance of residential subject loans subject to credit recourse |  |  | 142,500
Loan with recourse [Member] |  |  |
Guarantee Obligations [Line Items] |  |  |
Liability for estimated credit losses to loans sold with credit recourse | 906 |  | 985
Loan serviced under representation warranties [Member] |  |  |
Guarantee Obligations [Line Items] |  |  |
Liability for estimated credit losses to loans sold with credit recourse | $ 4,000 |  | $ 4,600

X
- Definition Commitment acquired under recent business acquisition wich represent an irrevocable undertaking (typically by a financial institution) to guarantee payment of a specified financial obligation. + References No definition available. + Details
Name: | ofg_AcquiredStandbyLettersOfCreditAndFinancialGuarantees
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of serviced loans for third parties. + References No definition available. + Details
Name: | ofg_AmountOfServicedLoans
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition This balances represents the total of funds advanced to investors under servicing agreements. As stated in the note, under these servicing agreements, the Company is required to advance to investors the payment of principal, interest, taxes and insurance, if such payments have not been received from the borrowers. + References No definition available. + Details
Name: | ofg_FundsAdvancedToInvestorsUnderServicingAgreements
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Gains (Losses) from repurchase of residential loans sold, not subject to credit recourse + References No definition available. + Details
Name: | ofg_GainLossOnRepurchaseLoanNotSubjectToCreditRecourse
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Unpaid principal amount of loans repurchased under representation and warranty arrangements. + References No definition available. + Details
Name: | ofg_RepurchasedLoan
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Unpaid principal amount of loans repurchased not under representation and warranty arrangements. + References No definition available. + Details
Name: | ofg_RepurchasedLoansNotSubjectToCreditRecourseProvision
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Principal amount of transferred financial assets in which the transferor has continuing involvement with the assets underlying the transaction. Continuing involvement includes, but is not limited to, servicing, recourse, and restrictions on transferor's interests in transferred financial assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=118948506&loc=d3e107314-111719 + Details
Name: | us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount represents the difference between the cash acquisition price of the debt and the net carrying amount of the debt at the time of its extinguishment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12355-112629 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 50 -Section 40 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=117329964&loc=d3e12317-112629 + Details
Name: | us-gaap_GainsLossesOnRecourseDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_GuaranteeObligationsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of joint and several liability recognized in the balance sheet. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 405 -SubTopic 40 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84228828&loc=SL34748401-199205 + Details
Name: | us-gaap_ObligationWithJointAndSeveralLiabilityArrangementAmountRecognized
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Details
Name: | us-gaap_BusinessAcquisitionAxis=ofg_ScotiabankPrUsviAcquisitionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_GuaranteeObligationsByNatureAxis=ofg_LoanWithRecourseMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_GuaranteeObligationsByNatureAxis=ofg_LoanServicedUnderRepresentationWarrantiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |