XML 94 R83.htm IDEA: XBRL DOCUMENT
v3.20.2

Allowance for Credit Losses (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at end of period | $ 235,313 | $ 154,343 | $ 235,313 | $ 154,343
Non-PCD [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 151,507 |  | 85,044 |
Impact of ASC 326 adoption |  |  | 39,198 |
Provision for credit losses | 13,358 |  | 70,934 |
Charge-offs | (15,591) |  | (57,017) |
Recoveries | 7,135 |  | 18,250 |
Balance at end of period | 156,409 |  | 156,409 |
PCD [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 81,194 |  | 31,495 |
Impact of ASC 326 adoption |  |  | 50,522 |
Provision for credit losses | (176) |  | 8,473 |
Charge-offs | (2,504) |  | (14,004) |
Recoveries | 390 |  | 2,418 |
Balance at end of period | 78,904 |  | 78,904 |
Commercial Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at end of period | 88,644 | 59,551 | 88,644 | 59,551
Commercial Loan [Member] | Non-PCD [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 43,011 |  | 25,993 |
Impact of ASC 326 adoption |  |  | 3,562 |
Provision for credit losses | (1,771) |  | 13,799 |
Charge-offs | (298) |  | (4,566) |
Recoveries | 253 |  | 2,407 |
Balance at end of period | 41,195 |  | 41,195 |
Commercial Loan [Member] | PCD [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 48,913 |  | 8,893 |
Impact of ASC 326 adoption |  |  | 42,143 |
Provision for credit losses | (1,262) |  | (1,303) |
Charge-offs | (293) |  | (3,036) |
Recoveries | 91 |  | 752 |
Balance at end of period | 47,449 |  | 47,449 |
Mortgage Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at end of period | 50,031 | 42,658 | 50,031 | 42,658
Mortgage Loan [Member] | Non-PCD [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 19,973 |  | 8,727 |
Impact of ASC 326 adoption |  |  | 10,980 |
Provision for credit losses | (564) |  | 47 |
Charge-offs | (56) |  | (659) |
Recoveries | 269 |  | 527 |
Balance at end of period | 19,622 |  | 19,622 |
Mortgage Loan [Member] | PCD [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 30,920 |  | 21,655 |
Impact of ASC 326 adoption |  |  | 7,830 |
Provision for credit losses | 1,077 |  | 9,131 |
Charge-offs | (1,677) |  | (8,998) |
Recoveries | 89 |  | 791 |
Balance at end of period | 30,409 |  | 30,409 |
Consumer Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at end of period | 27,233 | 16,776 | 27,233 | 16,776
Consumer Loan [Member] | Non-PCD [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 31,954 |  | 18,446 |
Impact of ASC 326 adoption |  |  | 8,418 |
Provision for credit losses | (378) |  | 13,827 |
Charge-offs | (5,114) |  | (15,316) |
Recoveries | 663 |  | 1,750 |
Balance at end of period | 27,125 |  | 27,125 |
Consumer Loan [Member] | PCD [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 169 |  | 0 |
Impact of ASC 326 adoption |  |  | 181 |
Provision for credit losses | 0 |  | 356 |
Charge-offs | (60) |  | (521) |
Recoveries | (1) |  | 92 |
Balance at end of period | 108 |  | 108 |
Auto Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at end of period | 69,405 | 35,358 | 69,405 | 35,358
Auto Loan [Member] | Non-PCD [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 56,569 |  | 31,878 |
Impact of ASC 326 adoption |  |  | 16,238 |
Provision for credit losses | 16,071 |  | 43,261 |
Charge-offs | (10,123) |  | (36,476) |
Recoveries | 5,950 |  | 13,566 |
Balance at end of period | 68,467 |  | 68,467 |
Auto Loan [Member] | PCD [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period | 1,192 |  | 947 |
Impact of ASC 326 adoption |  |  | 368 |
Provision for credit losses | 9 |  | 289 |
Charge-offs | (474) |  | (1,449) |
Recoveries | 211 |  | 783 |
Balance at end of period | $ 938 |  | $ 938 |
Loans Accounted For Under ASC 310-30 Excluded [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period |  | 91,637 |  | 97,250
Provision for credit losses |  | 23,428 |  | 43,675
Charge-offs |  | (42,419) |  | (78,938)
Recoveries |  | 7,933 |  | 18,592
Balance at end of period |  | 80,579 |  | 80,579
Loans Accounted For Under ASC 310-30 Excluded [Member] | Commercial Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period |  | 29,265 |  | 30,348
Provision for credit losses |  | 1,324 |  | 3,225
Charge-offs |  | (8,421) |  | (11,733)
Recoveries |  | 175 |  | 503
Balance at end of period |  | 22,343 |  | 22,343
Loans Accounted For Under ASC 310-30 Excluded [Member] | Mortgage Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period |  | 15,361 |  | 19,783
Provision for credit losses |  | 8,836 |  | 5,002
Charge-offs |  | (16,299) |  | (17,490)
Recoveries |  | 493 |  | 1,096
Balance at end of period |  | 8,391 |  | 8,391
Loans Accounted For Under ASC 310-30 Excluded [Member] | Consumer Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period |  | 17,448 |  | 17,476
Provision for credit losses |  | 3,181 |  | 12,277
Charge-offs |  | (5,316) |  | (15,148)
Recoveries |  | 1,463 |  | 2,171
Balance at end of period |  | 16,776 |  | 16,776
Loans Accounted For Under ASC 310-30 Excluded [Member] | Auto Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period |  | 29,563 |  | 29,643
Provision for credit losses |  | 10,087 |  | 23,171
Charge-offs |  | (12,383) |  | (34,567)
Recoveries |  | 5,802 |  | 14,822
Balance at end of period |  | 33,069 |  | 33,069
Loans Accounted Under ASC 310-30 [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period |  | 71,005 |  | 66,981
Provision for credit losses |  | 20,342 |  | (30,049)
Allowance de-recognition |  | (17,583) |  | (23,266)
Balance at end of period |  | 73,764 |  | 73,764
Loans Accounted Under ASC 310-30 [Member] | Commercial Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period |  | 25,448 |  | 30,226
Provision for credit losses |  | 11,832 |  | (11,429)
Allowance de-recognition |  | (72) |  | (4,447)
Balance at end of period |  | 37,208 |  | 37,208
Loans Accounted Under ASC 310-30 [Member] | Mortgage Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period |  | 42,421 |  | 30,607
Provision for credit losses |  | 8,906 |  | (21,330)
Allowance de-recognition |  | (17,060) |  | (17,670)
Balance at end of period |  | 34,267 |  | 34,267
Loans Accounted Under ASC 310-30 [Member] | Consumer Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period |  | 0 |  | 4
Provision for credit losses |  | 0 |  | 0
Allowance de-recognition |  | 0 |  | (4)
Balance at end of period |  | 0 |  | 0
Loans Accounted Under ASC 310-30 [Member] | Auto Loan [Member] |  |  |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |  |  |
Balance at beginning of period |  | 3,136 |  | 6,144
Provision for credit losses |  | (396) |  | 2,710
Allowance de-recognition |  | (451) |  | (1,145)
Balance at end of period |  | $ 2,289 |  | $ 2,289

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 Allowance For Credit Losses, Impact Of Accounting Standand Adoption + References No definition available. + Details
Name: | ofg_AllowanceForCreditLossesImpactOfAccountingStandandAdoption
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement. + 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=118936363&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=118955202&loc=SL82895884-210446 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)(d)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 + 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://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 79 -URI http://asc.fasb.org/extlink&oid=118955255&loc=SL82922352-210448 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)(d)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 Reference 4: 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=118936363&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 writeoff of financing receivable, charged against allowance for credit loss. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447 Reference 2: 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=118936363&loc=SL6953423-111524 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 79 -URI http://asc.fasb.org/extlink&oid=118955255&loc=SL82922352-210448 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)(d)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + 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=118932676&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=116637391&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=118936363&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: | us-gaap_CreditLossStatusAxis=us-gaap_FinancialAssetAcquiredAndNoCreditDeteriorationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditLossStatusAxis=us-gaap_FinancialAssetAcquiredWithCreditDeteriorationMember
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_MortgagesMember
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_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodAxis=ofg_LoansAccountedForUnderAsc31030ExcludedMember
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: |