XML 64 R54.htm IDEA: XBRL DOCUMENT
v3.23.3

BANKING AND FINANCIAL SERVICE REVENUES (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Banking and Thrift, Interest [Abstract] |
Schedule of Commissions and Fees Revenues | The following table presents the major categories of banking and financial service revenues for the quarters and nine-month periods ended September 30, 2023 and 2022:
| Quarter Ended September 30, | Nine-Month Period Ended September 30,
| 2023 |  | 2022 | 2023 |  | 2022 |  |
| (In thousands) | (In thousands)
Banking service revenues: |  |  |  |  |  |  |  |
Electronic banking fees | $ | 13,447 |  |  | $ | 13,335 |  | $ | 40,416 |  |  | $ | 40,509 |  |  |
Checking accounts fees | 2,233 |  |  | 2,332 |  | 6,638 |  |  | 6,702 |  |  |
Savings accounts fees | 333 |  |  | 332 |  | 993 |  |  | 937 |  |  |
Credit life commissions | 90 |  |  | 70 |  | 314 |  |  | 665 |  |  |
Branch service commissions | 352 |  |  | 319 |  | 1,098 |  |  | 979 |  |  |
Servicing and other loan fees | 668 |  |  | 621 |  | 2,251 |  |  | 2,427 |  |  |
International fees | 174 |  |  | 217 |  | 536 |  |  | 702 |  |  |
Miscellaneous income | 6 |  |  | 8 |  | 10 |  |  | 16 |  |  |
Total banking service revenues | 17,303 |  |  | 17,234 |  | 52,256 |  |  | 52,937 |  |  |
Wealth management revenue: |  |  |  |  |  |  |  |
Insurance income | 3,607 |  |  | 3,906 |  | 11,146 |  |  | 10,758 |  |  |
Broker fees | 1,945 |  |  | 1,601 |  | 5,525 |  |  | 5,204 |  |  |
Trust fees | 2,139 |  |  | 2,489 |  | 6,298 |  |  | 7,796 |  |  |
Retirement plan and administration fees | — |  |  | 177 |  | 36 |  |  | 542 |  |  |
Total wealth management revenue | 7,691 |  |  | 8,173 |  | 23,005 |  |  | 24,300 |  |  |
Mortgage banking activities: |  |  |  |  |  |  |  |
Net servicing fees | 4,764 |  |  | 5,206 |  | 12,256 |  |  | 13,408 |  |  |
Net gains on sale of mortgage loans and valuation | 450 |  |  | (116) |  | 2,009 |  |  | 2,192 |  |  |
Net gain (loss) on repurchased loans and other | 196 |  |  | (199) |  | 268 |  |  | (124) |  |  |
Total mortgage banking activities | 5,410 |  |  | 4,891 |  | 14,533 |  |  | 15,476 |  |  |
Total banking and financial service revenues | $ | 30,404 |  |  | $ | 30,298 |  | $ | 89,794 |  |  | $ | 92,713 |  |  |

X
- Definition Schedule of commission and fee revenues earned by the entity. + References No definition available. + Details
Name: | ofg_ScheduleOfCommissionAndFeeRevenueTableTextBlock
Namespace Prefix: | ofg_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

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