XML 67 R52.htm IDEA: XBRL DOCUMENT
v3.24.0.1

DEPOSITS AND RELATED INTEREST (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Deposits and Related Interest [Abstract] |
Schedule of Deposits by Component | Total deposits, including related accrued interest payable, as of December 31, 2023 and 2022 consist of the following:
| December 31,
| 2023 |  | 2022
| (In thousands)
Non-interest-bearing demand deposits | $ | 2,537,431 |  |  | $ | 2,630,458 |
Interest-bearing savings and demand deposits | 5,601,099 |  |  | 4,774,265 |
Retail certificates of deposit | 1,083,316 |  |  | 979,545 |
Institutional certificates of deposit | 378,143 |  |  | 172,725 |
Total core deposits | 9,599,989 |  |  | 8,556,993 |
Brokered deposits | 162,180 |  |  | 11,371 |
Total deposits | $ | 9,762,169 |  |  | $ | 8,568,364 |
Schedule of Interest Expense | Interest expense for 2023, 2022 and 2021 was as follows:
|  | Year Ended December 31,
|  |  |  | 2023 |  | 2022 |  | 2021
|  |  |  | (In thousands)
Demand and savings deposits |  |  |  | $ | 48,722 |  |  | $ | 24,261 |  |  | $ | 23,713 |
Certificates of deposit |  |  |  | 27,243 |  |  | 7,978 |  |  | 15,301 |
|  |  |  | $ | 75,965 |  |  | $ | 32,239 |  |  | $ | 39,014 |
Time Deposit Maturities | Excluding accrued interest of approximately $3.0 million and $682 thousand, the scheduled maturities of certificates of deposit at December 31, 2023 and 2022 are as follows:
December 31, 2023 |
| Year-end amount |  | Uninsured amount
| (In thousands)
Within one year: |  |  |
Three months or less | $ | 457,533 |  |  | $ | 115,392 |
Over 3 months through 6 months | 195,902 |  |  | 61,245 |
Over 6 months through 1 year | 329,758 |  |  | 113,524 |
| 983,193 |  |  | 290,161 |
Over 1 through 2 years | 467,348 |  |  | 201,478 |
Over 2 through 3 years | 94,450 |  |  | 13,971 |
Over 3 through 4 years | 29,514 |  |  | 1,379 |
Over 4 through 5 years | 45,575 |  |  | 4,665 |
Over 5 years | 608 |  |  | — |
| $ | 1,620,688 |  |  | $ | 511,654 |
December 31, 2022 |  |  |
| Year-end amount |  | Uninsured amount
| (In thousands)
Within one year: |  |  |
Three months or less | $ | 238,776 |  |  | $ | 29,503 |
Over 3 months through 6 months | 152,940 |  |  | 18,238 |
Over 6 months through 1 year | 262,976 |  |  | 59,093 |
| 654,692 |  |  | 106,834 |
Over 1 through 2 years | 279,034 |  |  | 64,109 |
Over 2 through 3 years | 136,732 |  |  | 26,481 |
Over 3 through 4 years | 51,505 |  |  | 8,276 |
Over 4 through 5 years | 39,888 |  |  | 2,230 |
Over 5 years | 1,108 |  |  | — |
| $ | 1,162,959 |  |  | $ | 207,930 |

X
- Definition Deposits and related interest. + References No definition available. + Details
Name: | ofg_DepositsAndRelatedInterestAbstract
Namespace Prefix: | ofg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of interest expense domestic deposit liabilities. + References No definition available. + Details
Name: | ofg_InterestExpenseDomesticDepositLiabilitiesTableTextBlock
Namespace Prefix: | ofg_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of type of deposit liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (a) -Publisher SEC Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (a) -Subparagraph (1) -Publisher SEC Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (a) -Subparagraph (2) -Publisher SEC Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (a) -Subparagraph (3) -Publisher SEC Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (a) -Subparagraph (4) -Publisher SEC Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (a) -Subparagraph (5) -Publisher SEC Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (c) -Publisher SEC Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (d) -Publisher SEC Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) -Publisher SEC Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (f) -Subparagraph (1) -Publisher SEC Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (f) -Subparagraph (2) -Publisher SEC Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (f) -Subparagraph (2)(i) -Publisher SEC Reference 13: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (f) -Subparagraph (2)(i)(ii) -Publisher SEC Reference 14: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (f) -Subparagraph (2)(i)(iii) -Publisher SEC Reference 15: http://www.xbrl.org/2009/role/commonPracticeRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (f) -Subparagraph (2)(i)(iv) -Publisher SEC + Details
Name: | us-gaap_DepositLiabilitiesTypeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of time deposit liability maturities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_TimeDepositMaturitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration