XML 84 R73.htm IDEA: XBRL DOCUMENT
v3.21.1

Allowance for Credit Losses (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2021 | Mar. 31, 2020
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at end of period | $ 201,973 | $ 230,755
Non-PCD [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at beginning of period | 161,015 | 85,044
Impact of ASC 326 adoption |  | 39,198
Provision for credit losses | 2,943 | 42,350
Charge-offs | (14,407) | (23,257)
Recoveries | 7,427 | 6,626
Balance at end of period | 156,978 | 149,961
PCD [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at beginning of period | 43,794 | 31,495
Impact of ASC 326 adoption |  | 50,522
Provision for credit losses | 3,326 | 6,180
Charge-offs | (3,111) | (8,306)
Recoveries | 986 | 903
Balance at end of period | 44,995 | 80,794
Commercial Loan [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at end of period | 61,989 | 98,032
Commercial Loan [Member] | Non-PCD [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at beginning of period | 45,779 | 25,993
Impact of ASC 326 adoption |  | 3,562
Provision for credit losses | 1,542 | 21,890
Charge-offs | (68) | (3,771)
Recoveries | 430 | 1,522
Balance at end of period | 47,683 | 49,196
Commercial Loan [Member] | PCD [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at beginning of period | 16,405 | 8,893
Impact of ASC 326 adoption |  | 42,143
Provision for credit losses | (2,492) | (218)
Charge-offs | (43) | (2,357)
Recoveries | 436 | 375
Balance at end of period | 14,306 | 48,836
Mortgage Loan [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at end of period | 46,974 | 50,297
Mortgage Loan [Member] | Non-PCD [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at beginning of period | 19,687 | 8,727
Impact of ASC 326 adoption |  | 10,980
Provision for credit losses | (2,480) | 156
Charge-offs | (787) | (418)
Recoveries | 615 | 249
Balance at end of period | 17,035 | 19,694
Mortgage Loan [Member] | PCD [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at beginning of period | 26,389 | 21,655
Impact of ASC 326 adoption |  | 7,830
Provision for credit losses | 5,994 | 6,139
Charge-offs | (2,590) | (5,143)
Recoveries | 146 | 122
Balance at end of period | 29,939 | 30,603
Consumer Loan [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at end of period | 21,243 | 27,940
Consumer Loan [Member] | Non-PCD [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at beginning of period | 25,253 | 18,446
Impact of ASC 326 adoption |  | 8,418
Provision for credit losses | (158) | 6,270
Charge-offs | (4,469) | (6,015)
Recoveries | 565 | 644
Balance at end of period | 21,191 | 27,763
Consumer Loan [Member] | PCD [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at beginning of period | 57 | 0
Impact of ASC 326 adoption |  | 181
Provision for credit losses | (4) | 364
Charge-offs | (22) | (431)
Recoveries | 21 | 63
Balance at end of period | 52 | 177
Auto Loan [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at end of period | 71,767 | 54,486
Auto Loan [Member] | Non-PCD [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at beginning of period | 70,296 | 31,878
Impact of ASC 326 adoption |  | 16,238
Provision for credit losses | 4,039 | 14,034
Charge-offs | (9,083) | (13,053)
Recoveries | 5,817 | 4,211
Balance at end of period | 71,069 | 53,308
Auto Loan [Member] | PCD [Member] |  |
Financing Receivable, Allowance for Credit Losses [Roll Forward] |  |
Balance at beginning of period | 943 | 947
Impact of ASC 326 adoption |  | 368
Provision for credit losses | (172) | (105)
Charge-offs | (456) | (375)
Recoveries | 383 | 343
Balance at end of period | $ 698 | $ 1,178

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=121611835&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(7)(2)) -URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878 Reference 3: 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=121599878&loc=SL82895884-210446 Reference 4: 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=121599337&loc=SL82919249-210447 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=121599337&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 increase in allowance for credit loss on financing receivable from recovery. + 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=121647567&loc=SL82922352-210448 Reference 2: 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=121599337&loc=SL82919249-210447 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)(4) -URI http://asc.fasb.org/extlink&oid=121611835&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=121599337&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=121611835&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=121647567&loc=SL82922352-210448 + 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=121586364&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=120399700&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=121611835&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: |