XML 64 R45.htm IDEA: XBRL DOCUMENT
v3.20.4

Pledged Assets (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Pledged Assets [Abstract] |
Summary of Pledged and not Pledged Assets |
| December 31,
| 2020 |  | 2019
| (In thousands)
Pledged investment securities to secure: |  |  |  |  |
Securities sold under agreements to repurchase | $ | - |  | $ | 204,068
Derivatives |  | 2,351 |  |  | 1,775
Bond for the Bank's trust operations |  | 105 |  |  | 323
Puerto Rico public fund deposits |  | 146,381 |  |  | 191,908
Total pledged investment securities |  | 148,837 |  |  | 398,074
Pledged residential mortgage loans to secure: |  |  |  |  |
Advances from the Federal Home Loan Bank |  | 699,091 |  |  | 803,317
Pledged commercial loans to secure: |  |  |  |  |
Advances from the Federal Home Loan Bank |  | 460,149 |  |  | 518,473
Federal Reserve Bank Credit Facility |  | 48,089 |  |  | 45,175
Puerto Rico public fund deposits |  | 96,273 |  |  | 129,152
|  | 604,511 |  |  | 692,800
Pledged auto loans and leases to secure: |  |  |  |  |
Federal Reserve Bank Credit Facility |  | 1,049,477 |  |  | 1,182,272
Total pledged assets | $ | 2,501,916 |  | $ | 3,076,463
Financial assets not pledged: |  |  |  |  |
Investment securities | $ | 297,601 |  | $ | 676,095
Residential mortgage loans |  | 1,625,938 |  |  | 1,706,981
Commercial loans |  | 1,799,780 |  |  | 1,529,642
Consumer loans |  | 414,946 |  |  | 504,437
Auto loans and leases |  | 512,325 |  |  | 329,972
Total assets not pledged | $ | 4,650,590 |  | $ | 4,747,127

X
- References No definition available. + Details
Name: | ofg_PledgedAssetsAbstract
Namespace Prefix: | ofg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financial instruments held by the entity for its own account for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66007379&loc=d3e113888-111728 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 30 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729 + Details
Name: | us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration