XML 103 R90.htm IDEA: XBRL DOCUMENT
v3.22.4

ALLOWANCE FOR CREDIT LOSSES (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | $ 155,937 | $ 204,809 |
Provision for (recapture of) credit losses | 24,119 | 221 | $ 92,672
Balance at end of year | 152,673 | 155,937 | 204,809
Commercial |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 36,770 | 62,184 |
Balance at end of year | 40,546 | 36,770 | 62,184
Mortgage |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 34,317 | 46,076 |
Balance at end of year | 18,930 | 34,317 | 46,076
Consumer |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 19,175 | 25,310 |
Balance at end of year | 23,278 | 19,175 | 25,310
Auto loans and leases |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 65,675 | 71,239 |
Balance at end of year | 69,919 | 65,675 | 71,239
Non-PCD |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 132,065 | 161,015 | 85,044
Provision for (recapture of) credit losses | 42,418 | (6,877) | 86,532
Charge-offs | (61,524) | (52,987) | (76,182)
Recoveries | 28,882 | 30,914 | 26,423
Balance at end of year | 141,841 | 132,065 | 161,015
Non-PCD | Impact of ASC 326 adoption |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year |  |  | 39,198
Non-PCD | Commercial |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 32,262 | 45,779 | 25,993
Provision for (recapture of) credit losses | 19,076 | (7,130) | 18,462
Charge-offs | (13,380) | (8,788) | (4,979)
Recoveries | 1,200 | 2,401 | 2,741
Balance at end of year | 39,158 | 32,262 | 45,779
Non-PCD | Commercial | Impact of ASC 326 adoption |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year |  |  | 3,562
Non-PCD | Mortgage |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 15,299 | 19,687 | 8,727
Provision for (recapture of) credit losses | (8,758) | (242) | 258
Charge-offs | (284) | (5,789) | (884)
Recoveries | 3,314 | 1,643 | 606
Balance at end of year | 9,571 | 15,299 | 19,687
Non-PCD | Mortgage | Impact of ASC 326 adoption |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year |  |  | 10,980
Non-PCD | Consumer |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 19,141 | 25,253 | 18,446
Provision for (recapture of) credit losses | 16,084 | 2,868 | 16,579
Charge-offs | (15,198) | (11,880) | (21,772)
Recoveries | 3,237 | 2,900 | 3,582
Balance at end of year | 23,264 | 19,141 | 25,253
Non-PCD | Consumer | Impact of ASC 326 adoption |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year |  |  | 8,418
Non-PCD | Auto loans and leases |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 65,363 | 70,296 | 31,878
Provision for (recapture of) credit losses | 16,016 | (2,373) | 51,233
Charge-offs | (32,662) | (26,530) | (48,547)
Recoveries | 21,131 | 23,970 | 19,494
Balance at end of year | 69,848 | 65,363 | 70,296
Non-PCD | Auto loans and leases | Impact of ASC 326 adoption |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year |  |  | 16,238
PCD |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 23,872 | 43,794 | 31,495
Provision for (recapture of) credit losses | (18,010) | 7,760 | 7,185
Charge-offs | (2,250) | (33,559) | (49,004)
Recoveries | 7,220 | 5,877 | 3,596
Balance at end of year | 10,832 | 23,872 | 43,794
PCD | Impact of ASC 326 adoption |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year |  |  | 50,522
PCD | Commercial |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 4,508 | 16,405 | 8,893
Provision for (recapture of) credit losses | (6,855) | (2,585) | 480
Charge-offs | (69) | (12,241) | (36,097)
Recoveries | 3,804 | 2,929 | 986
Balance at end of year | 1,388 | 4,508 | 16,405
PCD | Commercial | Impact of ASC 326 adoption |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year |  |  | 42,143
PCD | Mortgage |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 19,018 | 26,389 | 21,655
Provision for (recapture of) credit losses | (10,629) | 11,556 | 6,392
Charge-offs | (1,695) | (20,350) | (10,342)
Recoveries | 2,665 | 1,423 | 854
Balance at end of year | 9,359 | 19,018 | 26,389
PCD | Mortgage | Impact of ASC 326 adoption |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year |  |  | 7,830
PCD | Consumer |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 34 | 57 | 0
Provision for (recapture of) credit losses | 62 | (317) | 126
Charge-offs | (176) | (22) | (542)
Recoveries | 94 | 316 | 292
Balance at end of year | 14 | 34 | 57
PCD | Consumer | Impact of ASC 326 adoption |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year |  |  | 181
PCD | Auto loans and leases |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 312 | 943 | 947
Provision for (recapture of) credit losses | (588) | (894) | 187
Charge-offs | (310) | (946) | (2,023)
Recoveries | 657 | 1,209 | 1,464
Balance at end of year | $ 71 | $ 312 | 943
PCD | Auto loans and leases | Impact of ASC 326 adoption |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year |  |  | $ 368

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 https://asc.fasb.org/extlink&oid=123577603&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 https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 45 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=124255206&loc=SL82895884-210446 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph (a) -Subparagraph (3) Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph (c) Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1405 -Paragraph (a) -Subparagraph (1) + 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 https://asc.fasb.org/extlink&oid=124267575&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 https://asc.fasb.org/extlink&oid=124255953&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 https://asc.fasb.org/extlink&oid=123577603&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 https://asc.fasb.org/extlink&oid=124255953&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 https://asc.fasb.org/extlink&oid=123577603&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 https://asc.fasb.org/extlink&oid=124267575&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 credit loss expense (reversal of expense) for financing receivable. + 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 (b) -URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(11)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 + Details
Name: | us-gaap_ProvisionForLoanLossesExpensed
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_CommercialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ResidentialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ConsumerPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=ofg_AutomobileAndLeasingPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditLossStatusAxis=us-gaap_FinancialAssetAcquiredAndNoCreditDeteriorationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CumulativeEffectPeriodOfAdoptionAxis=srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember
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: |