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OFG BANCORP (HOLDING COMPANY ONLY) FINANCIAL INFORMATION (Condensed Statement of Cash Flows Information) (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Cash flows from operating activities: |  |  |
Net income | $ 166,239 | $ 146,151 | $ 74,327
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Early extinguishment of debt | (42) | 1,481 | 63
Stock-based compensation | 4,185 | 6,245 | 2,170
Deferred income tax, net | 61,126 | 63,616 | 27,846
Net (increase) decrease in other assets | 35,371 | (9,051) | (7,184)
Net increase (decrease) in accrued expenses and other liabilities | (34,151) | 18,383 | (17,436)
Net cash provided by operating activities | 164,456 | 100,044 | 34,960
Cash flows from investing activities: |  |  |
Proceeds from sales of premises and equipment | 4,784 | 570 | 52
Additions to premises and equipment | (30,999) | (23,053) | (15,263)
Net cash (used in) provided by investing activities | (1,512,937) | (182,934) | 757,501
Cash flows from financing activities: |  |  |
Subordinated capital notes | (34,958) | 0 | 0
Exercise of stock options and restricted units lapsed, net | (906) | 283 | 583
Redemption of preferred stock | 0 | (92,000) | 0
Net cash (used in) provided by financing activities | (124,705) | (49,037) | 510,359
Net change in cash, cash equivalents and restricted cash | (1,473,186) | (131,927) | 1,302,820
Cash and cash equivalents at beginning of year | 2,014,523 | 2,142,294 |
Cash and cash equivalents at end of year | 546,146 | 2,014,523 | 2,142,294
Parent Company |  |  |
Cash flows from operating activities: |  |  |
Net income | 166,239 | 146,151 | 74,327
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Early extinguishment of debt | (42) | 0 | 0
Stock-based compensation | 652 | 940 | 2,170
Deferred income tax, net | 1,703 | 10 | (2,637)
Net (increase) decrease in other assets | 18,829 | (13,471) | 12
Net increase (decrease) in accrued expenses and other liabilities | (488) | 950 | (486)
Net cash provided by operating activities | 165,858 | 191,865 | 33,845
Cash flows from investing activities: |  |  |
Net increase in due from bank subsidiary, net | 0 | 0 | (1,984)
Proceeds from sales of premises and equipment | 0 | 240 | 282
Additions to premises and equipment | (233) | (288) | (295)
Net cash (used in) provided by investing activities | (233) | (9,348) | (12,713)
Cash flows from financing activities: |  |  |
Subordinated capital notes | (34,958) | 0 | 0
Exercise of stock options and restricted units lapsed, net | (906) | 283 | 583
Purchase of treasury stock | (64,110) | (49,872) | (2,226)
Redemption of preferred stock | 0 | (92,000) | 0
Dividends paid | (30,090) | (20,973) | (20,892)
Net cash (used in) provided by financing activities | (130,064) | (162,562) | (22,535)
Net change in cash, cash equivalents and restricted cash | 35,561 | 19,955 | (1,403)
Cash and cash equivalents at beginning of year | 46,484 | 26,529 | 27,932
Cash and cash equivalents at end of year | 82,045 | 46,484 | 26,529
Bank subsidiary |  |  |
Cash flows from operating activities: |  |  |
Net income | 162,236 | 144,089 | 74,899
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Equity in earnings | (162,236) | (144,089) | (74,899)
Dividends from subsidiary | 140,000 | 197,000 | 26,100
Cash flows from investing activities: |  |  |
Capital contribution to subsidiary | 0 | 0 | (1,703)
Nonbank subsidiaries |  |  |
Cash flows from operating activities: |  |  |
Net income | 8,299 | 6,626 | 273
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |
Equity in earnings | (8,299) | (6,626) | (273)
Dividends from subsidiary | 9,500 | 11,000 | 9,531
Cash flows from investing activities: |  |  |
Capital contribution to subsidiary | $ 0 | $ (9,300) | $ (9,013)

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