XML 83 R72.htm IDEA: XBRL DOCUMENT
v3.25.1

ALLOWANCE FOR CREDIT LOSSES (Schedule of Gross Loan and Allowance for Credit Losses) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 | Mar. 31, 2024 | Dec. 31, 2024
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | $ 175,863 |  |
Balance at end of year | 181,174 | $ 156,563 | $ 175,863
Commercial |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Charge-offs | (3,030) |  | (8,217)
Balance at end of year | 47,790 | 38,504 |
Mortgage loans |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Charge-offs | (23) |  | (126)
Balance at end of year | 9,990 | 14,265 |
Consumer |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Charge-offs | (8,252) |  | (33,266)
Balance at end of year | 32,247 | 27,460 |
Auto loans |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Charge-offs | (18,192) |  | (61,651)
Balance at end of year | 91,147 | 76,334 |
Non-PCD |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 170,709 | 152,610 | 152,610
Provision for (recapture of) credit losses | 24,803 | 16,753 |
Charge-offs | (29,497) | (27,579) |
Recoveries | 8,737 | 6,983 |
Balance at end of year | 174,752 | 148,767 | 170,709
Non-PCD | Commercial |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 44,814 | 44,041 | 44,041
Provision for (recapture of) credit losses | 3,516 | (1,406) |
Charge-offs | (3,030) | (5,316) |
Recoveries | 152 | 52 |
Balance at end of year | 45,452 | 37,371 | 44,814
Non-PCD | Mortgage loans |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 6,395 | 7,998 | 7,998
Provision for (recapture of) credit losses | (636) | (574) |
Charge-offs | (23) | (64) |
Recoveries | 186 | 267 |
Balance at end of year | 5,922 | 7,627 | 6,395
Non-PCD | Consumer |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 31,818 | 27,086 | 27,086
Provision for (recapture of) credit losses | 7,945 | 7,655 |
Charge-offs | (8,252) | (7,981) |
Recoveries | 725 | 693 |
Balance at end of year | 32,236 | 27,453 | 31,818
Non-PCD | Auto loans |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 87,682 | 73,485 | 73,485
Provision for (recapture of) credit losses | 13,978 | 11,078 |
Charge-offs | (18,192) | (14,218) |
Recoveries | 7,674 | 5,971 |
Balance at end of year | 91,142 | 76,316 | 87,682
PCD |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 5,154 | 8,496 | 8,496
Provision for (recapture of) credit losses | 878 | (1,484) |
Charge-offs | (1) | (92) |
Recoveries | 391 | 876 |
Balance at end of year | 6,422 | 7,796 | 5,154
PCD | Commercial |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 622 | 1,113 | 1,113
Provision for (recapture of) credit losses | 1,691 | (137) |
Charge-offs | 0 | 0 |
Recoveries | 25 | 157 |
Balance at end of year | 2,338 | 1,133 | 622
PCD | Mortgage loans |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 4,514 | 7,351 | 7,351
Provision for (recapture of) credit losses | (787) | (1,268) |
Charge-offs | 0 | (83) |
Recoveries | 341 | 638 |
Balance at end of year | 4,068 | 6,638 | 4,514
PCD | Consumer |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 11 | 7 | 7
Provision for (recapture of) credit losses | (6) | (23) |
Charge-offs | 0 | 0 |
Recoveries | 6 | 23 |
Balance at end of year | 11 | 7 | 11
PCD | Auto loans |  |  |
Financing Receivable, Allowance for Credit Loss [Roll Forward] |  |  |
Balance at beginning of year | 7 | 25 | 25
Provision for (recapture of) credit losses | (20) | (56) |
Charge-offs | (1) | (9) |
Recoveries | 19 | 58 |
Balance at end of year | $ 5 | $ 18 | $ 7

X
- Definition Amount excluding accrued interest, of allowance for credit loss on financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479344/326-20-45-1 + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossExcludingAccruedInterest
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. + References No definition available. + Details
Name: | us-gaap_FinancingReceivableAllowanceForCreditLossesRollForward
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of increase in allowance for credit loss on financing receivable from recovery. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossRecovery
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of decrease in allowance for credit loss on financing receivable from writeoff. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-6 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossWriteoff
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount, excluding accrued interest, of credit loss expense (reversal of expense) on financing receivable. Excludes net investment in lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479319/326-20-50-13 + Details
Name: | us-gaap_FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversal
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_CommercialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ResidentialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_ConsumerPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=ofg_AutomobilePortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditLossStatusAxis=us-gaap_FinancialAssetAcquiredAndNoCreditDeteriorationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CreditLossStatusAxis=us-gaap_FinancialAssetAcquiredWithCreditDeteriorationMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |