XML 60 R50.htm IDEA: XBRL DOCUMENT
v3.23.2

OPERATING LEASES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Lessee Disclosure [Abstract] |
Schedule of Operating Lease Cost |
| Quarter Ended June 30, |  | Six-Month Period Ended June 30, |  |
| 2023 |  | 2022 |  | 2023 |  | 2022 |  |  |  | Statement of Operations Classification
| (In thousands) |  |
Lease costs | $ | 2,608 |  |  | $ | 2,663 |  |  | $ | 5,208 |  |  | $ | 5,218 |  |  |  |  | Occupancy and equipment
Variable lease costs | 347 |  |  | 285 |  |  | 687 |  |  | 832 |  |  |  |  | Occupancy and equipment
Short-term lease cost | 148 |  |  | 282 |  |  | 305 |  |  | 537 |  |  |  |  | Occupancy and equipment
Lease income | (17) |  |  | (53) |  |  | (54) |  |  | (129) |  |  |  |  | Occupancy and equipment
Total lease cost | $ | 3,086 |  |  | $ | 3,177 |  |  | $ | 6,146 |  |  | $ | 6,458 |  |  |  |  |
Schedule of Operating Lease Assets and Liabilities |
| June 30, |  | December 31, |  |
| 2023 |  | 2022 |  | Statement of Financial Condition Classification
| (In thousands) |  |
Right-of-use assets | $ | 21,840 |  |  | $ | 25,363 |  |  | Operating lease right-of-use assets
Lease Liabilities | $ | 24,031 |  |  | $ | 27,370 |  |  | Operating leases liabilities
Schedule of Operating Lease, Other Information |
| June 30, |  | December 31,
| 2023 |  | 2022
| (In thousands) |  |
Weighted-average remaining lease term | 4.9 years |  | 5.1 years
Weighted-average discount rate | 6.9 | % |  | 6.8 | %
Schedule of Future Minimum Payments for Operating Leases and Present Value | Future minimum payments for operating leases with initial or remaining terms of one year or more as of June 30, 2023 were as follows:
| Minimum Rent
As of June 30, 2023 | (In thousands)
2024 | $ | 4,676 |
2025 | 7,402 |
2026 | 5,244 |
2027 | 3,199 |
2028 | 2,377 |
Thereafter | 5,773 |
Total lease payments | $ | 28,671 |
Less imputed interest | 4,640 |
Present value of lease liabilities | $ | 24,031 |

X
- Definition Tabular disclosure of components of the company's operating lease assets and liabilities. + References No definition available. + Details
Name: | ofg_ScheduleOfOperatingLeaseComponentsTableTextBlock
Namespace Prefix: | ofg_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ofg_ScheduleOfOperatingLeaseTermsTableTextBlock
Namespace Prefix: | ofg_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LesseeDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration