XML 131 R120.htm IDEA: XBRL DOCUMENT
v3.21.2

Banking and Finanial Service Revenues (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020
Banking service revenues: |  |  |  |
Checking accounts fees | $ 2,084 | $ 1,971 | $ 4,048 | $ 4,631
Savings accounts fees | 297 | 397 | 549 | 838
Electronic banking fees | 14,640 | 10,574 | 27,523 | 21,822
Credit life commissions | 70 | 13 | 187 | 142
Branch service commissions | 275 | 216 | 636 | 727
Servicing and other loan fees | 713 | 299 | 1,472 | 809
International fees | 154 | 141 | 305 | 297
Miscellaneous income | 15 | 57 | 21 | 115
Total banking service revenues | 18,248 | 13,668 | 34,741 | 29,381
Wealth management revenue: |  |  |  |
Insurance income | 2,995 | 2,412 | 5,226 | 4,821
Broker fees | 2,328 | 1,467 | 4,452 | 3,382
Trust fees | 2,717 | 2,276 | 5,499 | 5,029
Retirement plan and administration fees | 223 | 211 | 474 | 420
Total wealth management revenue | 8,263 | 6,366 | 15,651 | 13,652
Mortgage banking activities: |  |  |  |
Net servicing fees | 3,127 | 2,676 | 7,477 | 5,366
Net gains on sale of mortgage loans and valuation | 2,931 | 318 | 5,423 | 1,067
Other | (1,521) | 78 | (2,792) | (127)
Total mortgage banking activities | 4,537 | 3,072 | 10,108 | 6,306
Total banking and financial service revenues | $ 31,048 | $ 23,106 | $ 60,500 | $ 49,339

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

X
- Definition Services charged to customers for making general branch transactions + References No definition available. + Details
Name: | ofg_BranchServiceCommissions
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Fees charged related to the assistance of brokers + References No definition available. + Details
Name: | ofg_BrokerFees
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Includes amounts charged depositors for: maintenance of their accounts (maintenance charges); failure to maintain specified minimum balances on account; exceeding the number of checks or transactions allowed to be processed in a given period; checks drawn on no minimum balance deposit accounts; withdrawals from nontransaction deposit accounts; accounts which have remained inactive for extended periods of time or which have become dormant; use of automated teller machines or remote service units; checks drawn against insufficient funds that the bank assesses regardless of whether it decides to pay, return or hold the check; issuing stop payment orders; and certifying checks. + References No definition available. + Details
Name: | ofg_CheckingAccountsFees
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Credit Life Commissions + References No definition available. + Details
Name: | ofg_CreditLifeCommissions
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Electronic Banking Fees charged to clients when ATM machines are used or direct deposit of paychecks into checking or saving accounts. + References No definition available. + Details
Name: | ofg_ElectronicBankingFees
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | ofg_GainLossOnSaleOfMortgageLoansAndValuation
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Charges for international transactions + References No definition available. + Details
Name: | ofg_InternationalFees
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Other service fees and commissions related to banking services + References No definition available. + Details
Name: | ofg_MiscellaneousIncome
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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

X
- Definition Other fees related to mortgage banking activities + References No definition available. + Details
Name: | ofg_OtherFees
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Fees charge due to administrative assistance to clients + References No definition available. + Details
Name: | ofg_RetirementPlanAndAdministrationFees
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Includes amounts charged depositors for closing savings accounts before a specified minimum period of time has elapsed. + References No definition available. + Details
Name: | ofg_SavingsAccountsFees
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of fees from providing shareholder services, including, but not limited to, answering shareholder inquiries and providing shareholders with information about their investments. + References No definition available. + Details
Name: | ofg_Servicingfeesamount
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Total of non interest income including Banking service revenues, wealth management revenues and mortgage banking activities + References No definition available. + Details
Name: | ofg_TotalBankingAndFinancialServiceRevenues
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Includes amounts charged depositors for: (1) maintenance of their accounts (maintenance charges); (2) failure to maintain specified minimum balances on account; (3) exceeding the number of checks or transactions allowed to be processed in a given period; (4) checks drawn on no minimum balance deposit accounts; (5) withdrawals from nontransaction deposit accounts; (6) closing savings accounts before a specified minimum period of time has elapsed; (7) accounts which have remained inactive for extended periods of time or which have become dormant; (8) use of automated teller machines or remote service units; (9) checks drawn against insufficient funds that the bank assesses regardless of whether it decides to pay, return or hold the check; (10) issuing stop payment orders; (11) certifying checks; and (12) accumulating or disbursing funds deposited in IRAs or Keogh Plan accounts when not handled by the bank's trust department. This item does not include penalties assessed on the early withdrawal of time deposits. + References No definition available. + Details
Name: | ofg_TotalBankingServiceRevenues
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- References No definition available. + Details
Name: | ofg_TotalMortgageBankingActivities
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Income from services rendered by trust departments or by any consolidated subsidiaries acting in a fiduciary capacity, including fees earned for (1) acting as an agent for fiduciary placement and loans and (2) custody or investment advisory services when such fees are not separately billed to the customer. This item excludes commissions and fees received for the accumulation or disbursement of funds deposited to Individual Retirement or Keogh plan accounts when such are not handled by the reporting entity's trust department. + References No definition available. + Details
Name: | ofg_TrustFees
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of fixed fee revenue for the management of an investment fund portfolio. Excludes investment advisory, distribution and servicing, and performance fees. + References No definition available. + Details
Name: | ofg_WealthManagementRevenue
Namespace Prefix: | ofg_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

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

X
- Definition All amounts that, per contract, are due to the servicer in exchange for servicing the financial asset and would no longer be received by a servicer if the beneficial owners of the serviced assets (or their trustees or agents) were to exercise their actual or potential authority under the contract to shift the servicing to another servicer. Depending on the servicing contract, those fees may include some or all of the difference between the interest rate collected on the asset being serviced and the rate to be paid to the beneficial owners of the asset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 50 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=116651436&loc=d3e122596-111746 + Details
Name: | us-gaap_ContractuallySpecifiedServicingFeesAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Income from agency and brokerage operations (includes sales of annuities and supplemental contracts); service charges, commissions, and fees from the sale of insurance and related services; and management fees from separate accounts, deferred annuities, and universal life products. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.13(c),(d)) -URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.4) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
Name: | us-gaap_InsuranceCommissionsAndFees
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration