XML 64 R54.htm IDEA: XBRL DOCUMENT
v3.22.2

INVESTMENT SECURITIES (Investment Securities by Contractual Maturity - AFS) (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021
--- | --- | ---
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 1,217,883 | $ 503,421
Gross Unrealized Gains | 1,683 | 10,692
Gross Unrealized Losses | 59,996 | 3,400
Fair Value | $ 1,159,570 | $ 510,713
Weighted Average Yield | 2.64% | 2.05%
Mortgage-backed securities |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 1,204,851 | $ 489,155
Gross Unrealized Gains | 1,602 | 10,555
Gross Unrealized Losses | 59,994 | 3,400
Fair Value | $ 1,146,459 | $ 496,310
Weighted Average Yield | 2.64% | 2.05%
Mortgage-backed securities | FNMA and FHLMC certificates |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 873,817 | $ 184,000
Gross Unrealized Gains | 948 | 2,502
Gross Unrealized Losses | 35,303 | 3,200
Fair Value | $ 839,462 | $ 183,302
Weighted Average Yield | 2.74% | 1.65%
Mortgage-backed securities | GNMA Securities |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 311,911 | $ 281,061
Gross Unrealized Gains | 654 | 7,716
Gross Unrealized Losses | 24,208 | 199
Fair Value | $ 288,357 | $ 288,578
Weighted Average Yield | 2.44% | 2.32%
Mortgage-backed securities | CMOs issued by US government-sponsored agencies |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 19,123 | $ 24,094
Gross Unrealized Gains | 0 | 337
Gross Unrealized Losses | 483 | 1
Fair Value | $ 18,640 | $ 24,430
Weighted Average Yield | 1.97% | 1.96%
Mortgage-backed securities | Due from 1 to 5 years | FNMA and FHLMC certificates |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 1,759 |
Gross Unrealized Gains | 0 |
Gross Unrealized Losses | 31 |
Fair Value | $ 1,728 |
Weighted Average Yield | 2.12% |
Mortgage-backed securities | Due from 1 to 5 years | GNMA Securities |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 15,130 | $ 10,536
Gross Unrealized Gains | 0 | 233
Gross Unrealized Losses | 431 | 1
Fair Value | $ 14,699 | $ 10,768
Weighted Average Yield | 1.63% | 1.66%
Mortgage-backed securities | Due from 1 to 5 years | CMOs issued by US government-sponsored agencies |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 14,809 | $ 1,788
Gross Unrealized Gains | 0 | 22
Gross Unrealized Losses | 391 | 0
Fair Value | $ 14,418 | $ 1,810
Weighted Average Yield | 1.79% | 1.70%
Mortgage-backed securities | Due from 5 to 10 years | FNMA and FHLMC certificates |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 76,908 | $ 90,560
Gross Unrealized Gains | 0 | 2,502
Gross Unrealized Losses | 2,005 | 0
Fair Value | $ 74,903 | $ 93,062
Weighted Average Yield | 1.95% | 1.94%
Mortgage-backed securities | Due from 5 to 10 years | GNMA Securities |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 28,190 | $ 26,419
Gross Unrealized Gains | 38 | 556
Gross Unrealized Losses | 997 | 0
Fair Value | $ 27,231 | $ 26,975
Weighted Average Yield | 2.03% | 1.80%
Mortgage-backed securities | Due from 5 to 10 years | CMOs issued by US government-sponsored agencies |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 3,223 | $ 20,705
Gross Unrealized Gains | 0 | 299
Gross Unrealized Losses | 79 | 0
Fair Value | $ 3,144 | $ 21,004
Weighted Average Yield | 1.82% | 1.81%
Mortgage-backed securities | Due after 10 years | FNMA and FHLMC certificates |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 795,150 | $ 93,440
Gross Unrealized Gains | 948 | 0
Gross Unrealized Losses | 33,267 | 3,200
Fair Value | $ 762,831 | $ 90,240
Weighted Average Yield | 2.82% | 1.37%
Mortgage-backed securities | Due after 10 years | GNMA Securities |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 268,591 | $ 244,106
Gross Unrealized Gains | 616 | 6,927
Gross Unrealized Losses | 22,780 | 198
Fair Value | $ 246,427 | $ 250,835
Weighted Average Yield | 2.52% | 2.40%
Mortgage-backed securities | Due after 10 years | CMOs issued by US government-sponsored agencies |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 1,091 | $ 1,601
Gross Unrealized Gains | 0 | 16
Gross Unrealized Losses | 13 | 1
Fair Value | $ 1,078 | $ 1,616
Weighted Average Yield | 4.88% | 4.24%
Investment securities |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 13,032 | $ 14,266
Gross Unrealized Gains | 81 | 137
Gross Unrealized Losses | 2 | 0
Fair Value | $ 13,111 | $ 14,403
Weighted Average Yield | 2.04% | 1.95%
Investment securities | Other debt securities |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 2,298 | $ 2,347
Gross Unrealized Gains | 81 | 48
Gross Unrealized Losses | 1 | 0
Fair Value | $ 2,378 | $ 2,395
Weighted Average Yield | 4.43% | 4.39%
Investment securities | Due less than 1 year | US Treasury securities |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 10,734 | $ 10,737
Gross Unrealized Gains | 0 | 88
Gross Unrealized Losses | 1 | 0
Fair Value | $ 10,733 | $ 10,825
Weighted Average Yield | 1.53% | 1.48%
Investment securities | Due less than 1 year | Obligations of US government-sponsored agencies |  |
Schedule of Investments [Line Items] |  |
Amortized Cost |  | $ 1,182
Gross Unrealized Gains |  | 1
Gross Unrealized Losses |  | 0
Fair Value |  | $ 1,183
Weighted Average Yield |  | 1.40%
Investment securities | Due less than 1 year | Other debt securities |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 500 | $ 500
Gross Unrealized Gains | 0 | 0
Gross Unrealized Losses | 0 | 0
Fair Value | $ 500 | $ 500
Weighted Average Yield | 0.57% | 0.57%
Investment securities | Due from 1 to 5 years | Other debt securities |  |
Schedule of Investments [Line Items] |  |
Amortized Cost | $ 1,798 | $ 1,847
Gross Unrealized Gains | 81 | 48
Gross Unrealized Losses | 1 | 0
Fair Value | $ 1,878 | $ 1,895
Weighted Average Yield | 5.50% | 5.43%

X
- Definition Reflects the calculation as of the balance sheet date of the average interest rate weighted by the amount of investment securities outstanding by type or by instrument at that time. + References No definition available. + Details
Name: | ofg_DebtSecuritiesAvailableForSaleWeightedAverageYield1
Namespace Prefix: | ofg_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount, before tax, of unrealized gain in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27161-111563 + Details
Name: | us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount, before tax, of unrealized loss in accumulated other comprehensive income (AOCI) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27161-111563 + Details
Name: | us-gaap_AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27161-111563 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454 + Details
Name: | us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). + References Reference 1: 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(6)) -URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 30 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124258926&loc=SL82898722-210454 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=124260329&loc=d3e26610-111562 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (aa) -URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27161-111563 + Details
Name: | us-gaap_AvailableForSaleSecuritiesDebtSecurities
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ScheduleOfInvestmentsLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_MortgageBackedSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ofg_InvestmentsTypeAxis=ofg_FnmaAndFhlmcMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ofg_InvestmentsTypeAxis=us-gaap_GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ofg_InvestmentsTypeAxis=us-gaap_CollateralizedMortgageObligationsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ofg_ContractualMaturitiesAxis=ofg_DueFrom1To5YearsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ofg_ContractualMaturitiesAxis=ofg_DueFrom5To10YearsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ofg_ContractualMaturitiesAxis=ofg_DueAfter10YearsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancialInstrumentAxis=us-gaap_SecuritiesInvestmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ofg_InvestmentsTypeAxis=us-gaap_OtherDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ofg_ContractualMaturitiesAxis=ofg_DueLessThan1YearMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ofg_InvestmentsTypeAxis=us-gaap_USTreasurySecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ofg_InvestmentsTypeAxis=us-gaap_USGovernmentSponsoredEnterprisesDebtSecuritiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |