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Investment Securities (Tables)
 12 Months Ended
Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]  
Summary of Investment Securities The amortized cost, gross unrealized gains and losses, fair value, weighted average yield and contractual maturities of the securities owned by OFG at December 31, 2021 and 2020 were as follows:
December 31, 2021
Amortized CostGross Unrealized GainsGross Unrealized LossesFair
Value		Weighted Average Yield
(In thousands)
Available-for-sale
Mortgage-backed securities
FNMA and FHLMC certificates
Due from 5 to 10 years$90,560 $2,502 $— $93,062 1.94 %
Due after 10 years93,440 — 3,200 $90,240 1.37 %
Total FNMA and FHLMC certificates184,000 2,502 3,200 183,302 1.65 %
GNMA Securities
Due from 1 to 5 years10,536 233 1 10,768 1.66 %
Due from 5 to 10 years26,419 556 — 26,975 1.80 %
Due after 10 years244,106 6,927 198 250,835 2.40 %
Total GNMA certificates281,061 7,716 199 288,578 2.32 %
CMOs issued by US government-sponsored agencies
Due from 1 to 5 years1,788 22 — 1,810 1.70 %
Due from 5 to 10 years20,705 299 — 21,004 1.81 %
Due after 10 years1,601 16 1 1,616 4.24 %
Total CMOs issued by US government-sponsored agencies24,094 337 1 24,430 1.96 %
Total mortgage-backed securities489,155 10,555 3,400 496,310 2.05 %
Investment securities
US Treasury securities
Due less than 1 year10,737 88 — 10,825 1.48 %
Total US Treasury Securities10,737 88 — 10,825 1.48 %
Obligations of US government-sponsored agencies
Due less than 1 year1,182 1 — 1,183 1.40 %
Total Obligations of US government-sponsored agencies1,182 1 — 1,183 1.40 %
Other debt securities
Due less than 1 year500 — — 500 0.57 %
Due from 1 to 5 years1,847 48 — 1,895 5.43 %
Total Other debt securities2,347 48 — 2,395 4.39 %
Total investment securities14,266 137 — 14,403 1.95 %
Total securities available for sale$503,421 $10,692 $3,400 $510,713 2.05 %
December 31, 2021
Amortized CostGross Unrealized GainsGross Unrealized LossesFair
Value		Weighted Average Yield
(In thousands)
Held-to-maturity
Mortgage-backed securities
FNMA and FHLMC certificates
Due after 10 years$367,507 $— $3,854 $363,653 1.71 %
December 31, 2020
Amortized CostGross Unrealized GainsGross Unrealized LossesFair
Value		Weighted Average Yield
(In thousands)
Available-for-sale
Mortgage-backed securities
FNMA and FHLMC certificates
Due less than 1 year$348 $16 $— $364 1.77 %
Due from 5 to 10 years96,902 3,741 — 100,643 2.00 %
Due after 10 years108,945 1,029 32 109,942 1.58 %
Total FNMA and FHLMC certificates206,195 4,786 32 210,949 1.78 %
GNMA Securities
Due from 1 to 5 years469 3 — 472 1.83 %
Due from 5 to 10 years58,615 1,466 — 60,081 1.80 %
Due after 10 years115,388 7,009 178 122,219 2.42 %
Total GNMA certificates174,472 8,478 178 182,772 2.21 %
CMOs issued by US government-sponsored agencies
Due from 5 to 10 years32,220 793 — 33,013 1.78 %
Due after 10 years6,089 112 — 6,201 2.95 %
Total CMOs issued by US government-sponsored agencies38,309 905 — 39,214 1.96 %
Total mortgage-backed securities418,976 14,169 210 432,935 1.97 %
Investment securities
US Treasury securities
Due less than 1 year735 — — 735 0.10 %
Due from 1 to 5 years10,005 243 — 10,248 1.59 %
Total US Treasury Securities10,740 243 — 10,983 1.49 %
Obligations of US government-sponsored agencies
Due from 1 to 5 years1,585 21 — 1,606 1.39 %
Total Obligations of US government-sponsored agencies1,585 21 — 1,606 1.39 %
Other debt securities
Due less than 1 year251 — — 251 0.65 %
Due from 5 to 10 years624 39 — 663 2.97 %
Total Other debt securities875 39 — 914 2.31 %
Total investment securities13,200 303 — 13,503 1.53 %
Total securities available for sale$432,176 $14,472 $210 $446,438 1.96 %
Summary of Gross Realized Gains and Losses by Category
Year Ended December 31, 2021
DescriptionSale PriceBook Value at SaleGross GainsGross Losses
(In thousands)
Sale of securities available-for-sale
Mortgage-backed securities
GNMA certificates2,175 2,156 19 — 
Total$2,175 $2,156 $19 $— 
Year Ended December 31, 2020
DescriptionSale PriceBook Value at SaleGross GainsGross Losses
(In thousands)
Sale of securities available-for-sale
Mortgage-backed securities
FNMA and FHLMC certificates$229,571 $227,213 $2,358 $— 
GNMA certificates91,413 89,043 2,370 — 
Total$320,984 $316,256 $4,728 $— 
Year Ended December 31, 2019
DescriptionSale PriceBook Value at SaleGross GainsGross Losses
(In thousands)
Sale of securities available-for-sale
FNMA and FHLMC certificates451,081 447,305 3,776 — 
GNMA certificates229,385 224,887 4,498 — 
Total mortgage-backed securities$680,466 $672,192 $8,274 $— 
Summary of Unrealized Gains and Losses by Category
The following table show OFG’s gross unrealized losses and fair value of investment securities available-for-sale and held-to-maturity at December 31, 2021 and 2020, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position:
December 31, 2021
Less than 12 months
Amortized
Cost		Unrealized
Loss		Fair
Value
(In thousands)
Securities available-for-sale
CMOs issued by US Government-sponsored agencies500 1 499 
FNMA and FHLMC certificates93,440 3,200 90,240 
GNMA certificates5,022 199 4,823 
$98,962 $3,400 $95,562 
Held-to-maturity
FNMA and FHLMC certificates$367,507 $3,854 $363,653 
December 31, 2020
Less than 12 months
Amortized
Cost		Unrealized
Loss		Fair
Value
(In thousands)
Securities available-for-sale
FNMA and FHLMC certificates34,628 32 34,596 
GNMA certificates5,104 178 4,926 
$39,732 $210 $39,522