XML 93 R82.htm IDEA: XBRL DOCUMENT v3.24.1.u1

DEPOSITS AND RELATED INTEREST (Narrative) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Deposits and Related Interest [Line Items]
Uninsured deposits	$ 4,891,000	$ 4,885,000
Deposits percent	51.00%	50.00%
Weighted average interest rate of deposits	1.54%	0.88%
Time deposits in denominations in excess of $250,000	$ 793,400	$ 747,200
Deposits	9,548,274	9,762,169
Public funds collateral investments	1,694,000	1,645,000
Accrued interest on time deposits	1,700	3,000
Overdrafts in demand deposit accounts	633	564
Government | Puerto Rico
Deposits and Related Interest [Line Items]
Deposits	$ 1,590,000	$ 1,616,000

X

- Definition

Deposits and Related Interest [Line Items]

+ References

No definition available.

+ Details

Name:	ofg_DepositsAndRelatedInterestLineItems
Namespace Prefix:	ofg_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Commercial loans and securities pledged as collateral to secure PR public fund deposits.

+ References

No definition available.

+ Details

Name:	ofg_PublicFundCollateralInvestments
Namespace Prefix:	ofg_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Carrying value as of the balance sheet date of payments made in excess of existing cash balances, which will be honored by the bank but reflected as a loan to the entity. Overdrafts generally have a very short time frame for correction or repayment and are therefore more similar to short-term bank financing than trade financing.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section 45
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481573/470-10-45-10

+ Details

Name:	us-gaap_BankOverdrafts
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Amount of accrued but unpaid interest on deposit liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.15(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

+ Details

Name:	us-gaap_DepositLiabilitiesAccruedInterest
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Amount of uninsured deposit liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph (e)
-Publisher SEC

+ Details

Name:	us-gaap_DepositLiabilityUninsured
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

The aggregate of all deposit liabilities held by the entity, including foreign and domestic, interest and noninterest bearing; may include demand deposits, saving deposits, Negotiable Order of Withdrawal (NOW) and time deposits among others.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.12)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

+ Details

Name:	us-gaap_Deposits
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Percentage of interest-bearing domestic deposit liabilities to total deposit liabilities.

+ References

No definition available.

+ Details

Name:	us-gaap_PercentageOfInterestBearingDomesticDepositsToDeposits
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Amount of time deposit liabilities, including certificates of deposit, in denominations that meet or exceed the Federal Deposit Insurance Corporation (FDIC) insurance limit.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481047/942-405-50-1

+ Details

Name:	us-gaap_TimeDepositsAtOrAboveFDICInsuranceLimit
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Weighted average interest rate calculated at point in time for domestic deposit liability.

+ References

No definition available.

+ Details

Name:	us-gaap_WeightedAverageRateDomesticDeposit
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	instant

X

- Details

Name:	us-gaap_AccountsNotesLoansAndFinancingReceivablesByLegalEntityOfCounterpartyTypeAxis=us-gaap_GovernmentMember
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: