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OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES
 12 Months Ended
Dec. 31, 2024
Offsetting [Abstract]  
OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES
OFG’s securities sold under agreements to repurchase have a right of set-off with the respective counterparty under the supplemental terms of the master repurchase agreements. In an event of default, each party has a right of set-off against the other party for amounts owed in the related agreements and any other amount or obligation owed in respect of any other agreement or transaction between them. Security collateral posted to open and maintain a master netting agreement with a counterparty, in the form of cash and securities, may from time to time be segregated in an account at a third-party custodian pursuant to an account control agreement.
The following table presents the potential effect of rights of set-off associated with OFG’s recognized financial assets and liabilities at December 31, 2024:
December 31, 2024
Gross Amounts Not Offset in the Statement of
 Financial Condition
Gross Amount
of Recognized
Liabilities		Gross Amounts
Offset in the
Statement of
Financial
Condition		Net Amount of
Liabilities
Presented
in Statement
of Financial
Condition
Financial
Instruments		Cash
Collateral
Provided		Net
Amount
(In thousands)
Securities sold under agreements to repurchase75,000 — 75,000 80,968 — (5,968)
There were no repurchase agreements at December 31, 2023.