XML 91 R78.htm IDEA: XBRL DOCUMENT v3.22.4

PLEDGED ASSETS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial assets not pledged:	$ 6,295,030	$ 4,998,433
Investment securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial assets not pledged:	1,653,649	732,661
Residential mortgage loans
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial assets not pledged:	1,250,120	1,408,158
Commercial loans
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial assets not pledged:	2,050,767	1,879,755
Consumer loans
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial assets not pledged:	537,257	409,675
Auto loans and leases
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial assets not pledged:	803,237	568,184
Total pledged investment securities
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged investment securities to secure:	294,197	145,559
Total pledged investment securities | Deposits | Puerto Rico | Government
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged investment securities to secure:	293,650	143,775
Total pledged investment securities | Bond for the Bank's trust operations
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged investment securities to secure:	104	105
Total pledged investment securities | Derivative
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged investment securities to secure:	443	1,679
Advances from the Federal Home Loan Bank | Advances from the Federal Home Loan Bank
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged investment securities to secure:	473,600	550,209
Commercial loans
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged investment securities to secure:	600,250	531,141
Commercial loans | Federal Reserve Bank Credit Facility
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged investment securities to secure:	49,117	47,239
Commercial loans | Advances from the Federal Home Loan Bank
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged investment securities to secure:	477,516	398,754
Commercial loans | Deposits | Puerto Rico | Government
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged investment securities to secure:	73,617	85,148
Pledged auto loans and leases to secure
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged investment securities to secure:	2,528,725	2,365,035
Pledged auto loans and leases to secure | Federal Reserve Bank Credit Facility
Financial Instruments Owned and Pledged as Collateral [Line Items]
Pledged investment securities to secure:	$ 1,160,678	$ 1,138,126

X

- Definition

Assets Not Pledged

+ References

No definition available.

+ Details

Name:	ofg_Assetsnotpledged
Namespace Prefix:	ofg_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Amount of assets pledged to secure a debt instrument.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123599511&loc=d3e64711-112823

+ Details

Name:	us-gaap_DebtInstrumentCollateralAmount
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_FinancialInstrumentsOwnedAndPledgedAsCollateralLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	ofg_FinancialInstrumentsOwnedAndNotPledgedAsCollateralAxis=ofg_InvestmentSecuritiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ofg_FinancialInstrumentsOwnedAndNotPledgedAsCollateralAxis=us-gaap_ResidentialMortgageMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ofg_FinancialInstrumentsOwnedAndNotPledgedAsCollateralAxis=us-gaap_CommercialLoanMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ofg_FinancialInstrumentsOwnedAndNotPledgedAsCollateralAxis=us-gaap_ConsumerLoanMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ofg_FinancialInstrumentsOwnedAndNotPledgedAsCollateralAxis=ofg_AutoAndLeasesLoanMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ofg_FinancialInstrumentsOwnedAndPledgedAsCollateral1Axis=us-gaap_InvestmentsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_CashAndCashEquivalentsAxis=us-gaap_DepositsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	srt_StatementGeographicalAxis=country_PR
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis=us-gaap_GovernmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DebtInstrumentAxis=ofg_BondForBankTrustOperationMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_DerivativeInstrumentRiskAxis=ofg_PledgedAssetsDerivativeMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ofg_FinancialInstrumentsOwnedAndPledgedAsCollateral1Axis=us-gaap_MortgagesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_LongtermDebtTypeAxis=us-gaap_FederalHomeLoanBankAdvancesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ofg_FinancialInstrumentsOwnedAndPledgedAsCollateral1Axis=us-gaap_CommercialLoanMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_ShortTermDebtTypeAxis=us-gaap_FederalReserveBankAdvancesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ofg_FinancialInstrumentsOwnedAndPledgedAsCollateral1Axis=us-gaap_AutomobileLoanMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: