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GUARANTEES (Tables)

3 Months Ended

Mar. 31, 2025

Guarantees [Abstract]

Schedule of Changes in Liability of Estimated Loss from Credit Recourse Agreement

The following table shows the changes in OFG’s liability for estimated losses from credit recourse agreements, included in the consolidated statements of financial condition during the quarters ended March 31, 2025 and 2024:

			Quarter Ended March 31,
			2025						2024
			(In thousands)
Balance at beginning of period			$	155					$	102
Net recoveries (charge-offs/terminations)			65						(29)
Balance at end of period			$	220					$	73

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- References

No definition available.

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- Definition

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 460
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482425/460-10-50-4

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