Toggle SGML Header (+)


Section 1: 10-Q (FORM 10Q)

119

2020--12-31----FALSE00010304691,380,000960,000960,00025100,000,00010,000,0001,340,00025251,340,0001,380,00025251Q1- 0001030469 2019-01-01 2019-03-31 0001030469 us-gaap:TreasuryStockMember 2019-12-31 0001030469 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0001030469 us-gaap:FairValueInputsLevel2Member 2019-12-31 0001030469 us-gaap:MortgagesMember 2020-01-01 2020-03-31 0001030469 2020-01-01 2020-03-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember ofg:LoansSecuredBy14FamilyResidentialPropertiesCoveredMember 2019-01-01 2019-03-31 0001030469 us-gaap:MortgageBackedSecuritiesMember 2020-03-31 0001030469 ofg:AccountedForUnderAsc31020Member ofg:CommercialImpairedLoansWithNoSpecificAllowanceMember 2019-12-31 0001030469 2020-03-31 0001030469 us-gaap:SecuritiesInvestmentMember 2020-03-31 0001030469 us-gaap:PreferredStockMember 2018-12-31 0001030469 ofg:ResidentialTroubledDebtRestructuringImpairedLoansWithSpecificAllowanceMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember ofg:CommercialAndOtherConstructionMember 2019-12-31 0001030469 2019-12-31 0001030469 us-gaap:ConsumerLoanMember 2020-01-01 2020-03-31 0001030469 us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember 2020-03-31 0001030469 us-gaap:SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001030469 us-gaap:SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseMember 2020-03-31 0001030469 ofg:AccountedSC31030NonCoveredLoansMember 2019-01-01 2019-03-31 0001030469 ofg:BankMember 2019-12-31 0001030469 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-12-31 0001030469 ofg:GroupMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember ofg:AccountedSC31030NonCoveredLoansMember 2019-01-01 2019-03-31 0001030469 us-gaap:PreferredStockMember 2020-03-31 0001030469 us-gaap:SecuritiesInvestmentMember us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommonStockMember 2019-12-31 0001030469 us-gaap:OtherDebtSecuritiesMember us-gaap:SecuritiesInvestmentMember 2019-12-31 0001030469 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001030469 ofg:AccountedForUnderAsc31030Member 2019-12-31 0001030469 us-gaap:CollateralizedMortgageObligationsMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0001030469 us-gaap:ConsumerLoanMember ofg:AcquiredLoansInFDICAssistedTransactionMember 2019-01-01 2019-03-31 0001030469 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-01-01 2019-12-31 0001030469 ofg:BankMember 2020-03-31 0001030469 us-gaap:CommercialLoanMember 2020-03-31 0001030469 us-gaap:CommercialLoanMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 ofg:GroupMember 2020-03-31 0001030469 us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember 2019-12-31 0001030469 us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember 2019-12-31 0001030469 us-gaap:SecuritiesInvestmentMember us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember 2020-03-31 0001030469 us-gaap:InterestRateSwapMember 2020-03-31 0001030469 us-gaap:OtherDebtSecuritiesMember us-gaap:SecuritiesInvestmentMember ofg:MaturitiesDueFromFiveToTenYearsMember 2020-03-31 0001030469 us-gaap:CollateralizedMortgageObligationsMember 2019-12-31 0001030469 us-gaap:ConsumerLoanMember ofg:AccountedSC31030NonCoveredLoansMember 2019-01-01 2019-03-31 0001030469 ofg:AccountedForUnderAsc31030Member ofg:CommercialImpairedLoanPoolMember 2019-12-31 0001030469 ofg:CommercialImpairedLoansWithNoSpecificAllowanceMember ofg:NonAcquiredLoanMember 2019-01-01 2019-12-31 0001030469 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-12-31 0001030469 us-gaap:DesignatedAsHedgingInstrumentMember 2019-12-31 0001030469 ofg:AccountedForUnderAsc31020Member ofg:CommercialImpairedLoansWithNoSpecificAllowanceMember 2019-01-01 2019-12-31 0001030469 us-gaap:DerivativeMember 2020-03-31 0001030469 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2020-01-01 2020-03-31 0001030469 us-gaap:DerivativeMember 2019-12-31 0001030469 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-03-31 0001030469 us-gaap:CommercialLoanMember ofg:AccountedForUnderAsc31020Member 2019-01-01 2019-03-31 0001030469 ofg:AccountedForUnderAsc31020Member ofg:CommercialImpairedLoansWithSpecificAllowanceMember 2019-12-31 0001030469 us-gaap:CommonStockMember 2020-03-31 0001030469 ofg:LegalSurplusMember 2019-12-31 0001030469 us-gaap:SecuritiesInvestmentMember 2019-12-31 0001030469 us-gaap:SecuritiesInvestmentMember ofg:MaturitiesDueFromFiveToTenYearsMember 2020-03-31 0001030469 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember ofg:CommercialAndOtherConstructionMember 2019-01-01 2019-03-31 0001030469 ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember 2019-12-31 0001030469 us-gaap:USTreasurySecuritiesMember 2019-12-31 0001030469 ofg:LegalSurplusMember 2018-12-31 0001030469 ofg:CommercialImpairedLoansWithNoSpecificAllowanceMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:FairValueInputsLevel2Member 2020-03-31 0001030469 us-gaap:MortgageBackedSecuritiesMember ofg:MaturitiesDueFromOneToFiveYearsMember 2020-03-31 0001030469 us-gaap:OtherDebtSecuritiesMember us-gaap:SecuritiesInvestmentMember 2020-03-31 0001030469 us-gaap:DesignatedAsHedgingInstrumentMember 2020-03-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember 2019-01-01 2019-12-31 0001030469 us-gaap:ConsumerLoanMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0001030469 us-gaap:CommercialLoanMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialLoanMember ofg:AccountedSC31030NonCoveredLoansMember 2019-01-01 2019-03-31 0001030469 ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CollateralizedMortgageObligationsMember us-gaap:MortgageBackedSecuritiesMember ofg:MaturitiesDueFromFiveToTenYearsMember 2020-03-31 0001030469 us-gaap:MortgagesMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:RetainedEarningsMember 2019-12-31 0001030469 us-gaap:InterestRateSwapMember ofg:Rate24210Member 2020-03-31 0001030469 us-gaap:CommercialLoanMember 2020-01-01 2020-03-31 0001030469 us-gaap:PreferredStockMember 2019-12-31 0001030469 us-gaap:MortgagesMember 2020-03-31 0001030469 srt:MaximumMember ofg:ServicingAssetsMember ofg:CashFlowValuationTechniqueMember 2020-01-01 2020-03-31 0001030469 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0001030469 us-gaap:CollateralizedMortgageObligationsMember us-gaap:MortgageBackedSecuritiesMember 2020-03-31 0001030469 us-gaap:MortgageBackedSecuritiesMember ofg:FnmaAndFhlmcMember 2019-12-31 0001030469 2018-12-31 0001030469 ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CollateralizedMortgageObligationsMember us-gaap:MortgageBackedSecuritiesMember ofg:MaturitiesDueAfterTenYearsMember 2020-03-31 0001030469 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2019-01-01 2019-12-31 0001030469 us-gaap:MortgagesMember ofg:AccountedSC31030NonCoveredLoansMember 2019-01-01 2019-03-31 0001030469 us-gaap:ConsumerLoanMember ofg:AccountedForUnderAsc31020Member 2019-01-01 2019-03-31 0001030469 us-gaap:SecuritiesInvestmentMember us-gaap:USTreasurySecuritiesMember ofg:MaturitiesDueInLessThanOneYearMember 2020-03-31 0001030469 ofg:AccountedForUnderAsc31030Member ofg:AutoImpairedLoanPoolMember 2019-12-31 0001030469 us-gaap:MortgageBackedSecuritiesMember ofg:FnmaAndFhlmcMember 2020-03-31 0001030469 us-gaap:MortgageBackedSecuritiesMember 2019-12-31 0001030469 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0001030469 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2020-01-01 2020-03-31 0001030469 us-gaap:SecuritiesInvestmentMember us-gaap:USTreasurySecuritiesMember 2020-03-31 0001030469 ofg:CommercialImpairedLoansWithSpecificAllowanceMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialLoanMember 2019-01-01 2019-03-31 0001030469 ofg:AccountedForUnderAsc31030Member ofg:MortgageImpairedLoanPoolMember 2019-12-31 0001030469 us-gaap:ConsumerLoanMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 2019-01-01 2019-12-31 0001030469 us-gaap:MortgageBackedSecuritiesMember ofg:MaturitiesDueFromOneToFiveYearsMember ofg:FnmaAndFhlmcMember 2020-03-31 0001030469 ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2020-03-31 0001030469 us-gaap:SecuritiesInvestmentMember ofg:MaturitiesDueFromOneToFiveYearsMember 2020-03-31 0001030469 us-gaap:InterestRateCapMember 2019-12-31 0001030469 us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember us-gaap:MortgageBackedSecuritiesMember ofg:MaturitiesDueAfterTenYearsMember 2020-03-31 0001030469 us-gaap:MortgageBackedSecuritiesMember ofg:MaturitiesDueFromFiveToTenYearsMember 2020-03-31 0001030469 ofg:AccountedForUnderAsc31020Member 2019-01-01 2019-12-31 0001030469 ofg:AccountedForUnderAsc31030Member ofg:MortgageImpairedLoanPoolMember 2019-01-01 2019-12-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember 2019-01-01 2019-03-31 0001030469 us-gaap:RetainedEarningsMember 2020-03-31 0001030469 us-gaap:ConsumerLoanMember 2019-01-01 2019-03-31 0001030469 us-gaap:FairValueInputsLevel3Member 2019-12-31 0001030469 us-gaap:SecuritiesInvestmentMember us-gaap:USTreasurySecuritiesMember 2019-12-31 0001030469 us-gaap:TreasuryStockMember 2020-01-01 2020-03-31 0001030469 us-gaap:AutomobileLoanMember ofg:AccountedForUnderAsc31020Member 2019-01-01 2019-03-31 0001030469 ofg:ResidentialTroubledDebtRestructuringImpairedLoansWithSpecificAllowanceMember ofg:NonAcquiredLoanMember 2019-01-01 2019-12-31 0001030469 us-gaap:RetainedEarningsMember 2018-12-31 0001030469 ofg:AccountedForUnderAsc31030Member ofg:CommercialImpairedLoanPoolMember 2019-01-01 2019-12-31 0001030469 ofg:NonAcquiredLoanMember 2019-01-01 2019-12-31 0001030469 us-gaap:MortgageBackedSecuritiesMember ofg:MaturitiesDueAfterTenYearsMember ofg:FnmaAndFhlmcMember 2020-03-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember ofg:CommercialAndOtherConstructionMember 2019-01-01 2019-12-31 0001030469 us-gaap:TreasuryStockMember 2018-12-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember ofg:AutoAndLeasingLoansReceivableMember 2019-01-01 2019-03-31 0001030469 us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember us-gaap:MortgageBackedSecuritiesMember 2020-03-31 0001030469 us-gaap:AccumulatedOtherThanTemporaryImpairmentMember 2019-12-31 0001030469 ofg:FnmaAndFhlmcMember 2019-12-31 0001030469 us-gaap:ConsumerLoanMember 2020-03-31 0001030469 ofg:AccountedForUnderAsc31020Member 2019-01-01 2019-03-31 0001030469 ofg:LegalSurplusMember 2020-03-31 0001030469 ofg:AccountedForUnderAsc31020Member ofg:CommercialImpairedLoansWithSpecificAllowanceMember 2019-01-01 2019-12-31 0001030469 ofg:AccountedForUnderAsc31030Member ofg:AutoImpairedLoanPoolMember 2019-01-01 2019-12-31 0001030469 srt:MinimumMember ofg:ServicingAssetsMember ofg:CashFlowValuationTechniqueMember 2020-01-01 2020-03-31 0001030469 ofg:CommercialImpairedLoansWithSpecificAllowanceMember ofg:NonAcquiredLoanMember 2019-01-01 2019-12-31 0001030469 us-gaap:FairValueInputsLevel3Member 2020-03-31 0001030469 us-gaap:MortgagesMember 2019-01-01 2019-03-31 0001030469 ofg:OriginatedLoansMember 2019-01-01 2019-03-31 0001030469 us-gaap:TreasuryStockMember 2019-01-01 2019-03-31 0001030469 us-gaap:CommonStockMember 2018-12-31 0001030469 ofg:AccountedForUnderAsc31030Member 2019-01-01 2019-12-31 0001030469 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0001030469 2020-04-30 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember 2020-03-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember 2019-12-31 0001030469 us-gaap:MortgageBackedSecuritiesMember ofg:MaturitiesDueAfterTenYearsMember 2020-03-31 0001030469 ofg:OriginatedLoansMember 2019-12-31 0001030469 srt:MinimumMember ofg:FairValueOfPropertyOrCollateralMember ofg:OtherRepossessedAssetsMember 2020-01-01 2020-03-31 0001030469 srt:MaximumMember ofg:FairValueOfPropertyOrCollateralMember ofg:ForeclosedRealEstateMember 2020-01-01 2020-03-31 0001030469 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001030469 us-gaap:InterestRateCapMember 2020-03-31 0001030469 us-gaap:SecuritiesInvestmentMember ofg:MaturitiesDueInLessThanOneYearMember 2020-03-31 0001030469 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2020-03-31 0001030469 us-gaap:TreasuryStockMember 2020-03-31 0001030469 srt:MinimumMember ofg:FairValueOfPropertyOrCollateralMember ofg:ForeclosedRealEstateMember 2020-01-01 2020-03-31 0001030469 srt:MaximumMember ofg:FairValueOfPropertyOrCollateralMember ofg:OtherRepossessedAssetsMember 2020-01-01 2020-03-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember ofg:FederalloanhomebankadvanceslongtermperiodmaturedMember 2020-03-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember ofg:FederalloanhomebankadvanceslongtermperiodmaturedMember 2019-12-31 0001030469 us-gaap:FairValueInputsLevel1Member 2020-03-31 0001030469 us-gaap:FairValueInputsLevel1Member 2019-12-31 0001030469 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-03-31 0001030469 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2020-01-01 2020-03-31 0001030469 us-gaap:ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember ofg:FederalLoanHomeBankAdvancesShortTermPeriodMaturedMember 2020-03-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember ofg:FederalLoanHomeBankAdvancesShortTermPeriodMaturedMember 2019-12-31 0001030469 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2020-01-01 2020-03-31 0001030469 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2020-03-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember 2019-12-31 0001030469 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-12-31 0001030469 us-gaap:SecuritiesInvestmentMember us-gaap:USGovernmentSponsoredEnterprisesDebtSecuritiesMember ofg:MaturitiesDueFromOneToFiveYearsMember 2020-03-31 0001030469 ofg:MaturityLessThan90DaysMember 2020-03-31 0001030469 ofg:MaturityLessThan90DaysMember 2019-12-31 0001030469 us-gaap:MaturityOver90DaysMember 2020-03-31 0001030469 us-gaap:MaturityOver90DaysMember 2019-12-31 0001030469 ofg:FinancialinstrumentsownedandpledgedascollateraltypedomainMemberDomain 2020-03-31 0001030469 ofg:FinancialinstrumentsownedandpledgedascollateraltypedomainMemberDomain ofg:FederalNationalMortgageAssociationFnmaAndFederalHomeLoanMortgageCorporationFhlmcCertificatesAndObligationsMember 2020-03-31 0001030469 ofg:FinancialinstrumentsownedandpledgedascollateraltypedomainMemberDomain ofg:FederalNationalMortgageAssociationFnmaAndFederalHomeLoanMortgageCorporationFhlmcCertificatesAndObligationsMember 2019-12-31 0001030469 ofg:FinancialinstrumentsownedandpledgedascollateraltypedomainMemberDomain 2019-12-31 0001030469 us-gaap:CommercialLoanMember 2019-03-31 0001030469 us-gaap:MortgagesMember 2019-03-31 0001030469 us-gaap:ConsumerLoanMember 2019-03-31 0001030469 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember 2018-12-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember ofg:LoansSecuredBy14FamilyResidentialPropertiesCoveredMember 2018-12-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember ofg:CommercialAndOtherConstructionMember 2018-12-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember ofg:AutoAndLeasingLoansReceivableMember 2018-12-31 0001030469 us-gaap:ConsumerLoanMember ofg:AcquiredLoansInFDICAssistedTransactionMember 2018-12-31 0001030469 us-gaap:PreferredStockMember 2019-01-01 2019-12-31 0001030469 us-gaap:CommonStockMember 2020-03-31 0001030469 us-gaap:IntersegmentEliminationMember 2020-01-01 2020-03-31 0001030469 us-gaap:OperatingSegmentsMember 2020-03-31 0001030469 us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2020-03-31 0001030469 us-gaap:SecuritiesSoldUnderAgreementsToRepurchaseMember 2019-12-31 0001030469 us-gaap:PreferredStockMember 2020-01-01 2020-03-31 0001030469 us-gaap:OperatingSegmentsMember ofg:BankingSegmentMember 2020-01-01 2020-03-31 0001030469 us-gaap:OperatingSegmentsMember ofg:WealthManagementMember 2020-01-01 2020-03-31 0001030469 us-gaap:OperatingSegmentsMember ofg:TreasuryMember 2020-01-01 2020-03-31 0001030469 us-gaap:CommonStockMember 2019-12-31 0001030469 us-gaap:OperatingSegmentsMember 2020-01-01 2020-03-31 0001030469 us-gaap:OperatingSegmentsMember ofg:BankingSegmentMember 2020-03-31 0001030469 us-gaap:OperatingSegmentsMember ofg:WealthManagementMember 2020-03-31 0001030469 us-gaap:OperatingSegmentsMember ofg:TreasuryMember 2020-03-31 0001030469 us-gaap:IntersegmentEliminationMember 2020-03-31 0001030469 us-gaap:CommercialLoanMember ofg:AccountedForUnderAsc31020Member 2019-01-01 2019-03-31 0001030469 us-gaap:CommercialLoanMember ofg:OriginatedLoansMember 2019-01-01 2019-03-31 0001030469 ofg:TroubledDebtRestructuringMember ofg:OriginatedLoansMember 2019-01-01 2019-03-31 0001030469 ofg:AccountedForUnderAsc31020Member 2019-01-01 2019-03-31 0001030469 ofg:OriginatedLoansMember 2019-01-01 2019-03-31 0001030469 srt:MinimumMember ofg:MaturityLessThan90DaysMember 2019-12-31 0001030469 srt:MaximumMember ofg:MaturityLessThan90DaysMember 2019-12-31 0001030469 us-gaap:MaturityOver90DaysMember srt:MinimumMember 2020-03-31 0001030469 us-gaap:MaturityOver90DaysMember srt:MinimumMember 2019-12-31 0001030469 us-gaap:MaturityOver90DaysMember srt:MaximumMember 2020-03-31 0001030469 us-gaap:MaturityOver90DaysMember srt:MaximumMember 2019-12-31 0001030469 us-gaap:DebtInstrumentRedemptionPeriodThreeMember us-gaap:FederalHomeLoanBankAdvancesMember 2020-03-31 0001030469 us-gaap:DebtInstrumentRedemptionPeriodFourMember us-gaap:FederalHomeLoanBankAdvancesMember 2020-03-31 0001030469 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2020-03-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2020-03-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2020-03-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember 2020-03-31 0001030469 us-gaap:FairValueMeasurementsNonrecurringMember 2020-03-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember us-gaap:FairValueInputsLevel3Member 2019-12-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember 2019-12-31 0001030469 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel1Member 2019-12-31 0001030469 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel2Member 2019-12-31 0001030469 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member 2019-12-31 0001030469 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel1Member 2020-03-31 0001030469 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel2Member 2020-03-31 0001030469 us-gaap:FairValueMeasurementsNonrecurringMember us-gaap:FairValueInputsLevel3Member 2020-03-31 0001030469 us-gaap:FairValueMeasurementsNonrecurringMember 2019-12-31 0001030469 us-gaap:SeriesBPreferredStockMember 2020-03-31 0001030469 us-gaap:SeriesDPreferredStockMember 2020-03-31 0001030469 us-gaap:SeriesDPreferredStockMember 2019-12-31 0001030469 us-gaap:SeriesAPreferredStockMember 2020-03-31 0001030469 us-gaap:SeriesAPreferredStockMember 2019-12-31 0001030469 us-gaap:SeriesBPreferredStockMember 2019-12-31 0001030469 us-gaap:MortgageBackedSecuritiesMember ofg:FnmaAndFhlmcMember 2020-01-01 2020-03-31 0001030469 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0001030469 us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember us-gaap:MortgageBackedSecuritiesMember 2020-01-01 2020-03-31 0001030469 us-gaap:CommercialLoanMember ofg:AccountedForUnderAsc31020Member 2018-12-31 0001030469 us-gaap:ConsumerLoanMember ofg:AccountedForUnderAsc31020Member 2018-12-31 0001030469 us-gaap:AutomobileLoanMember ofg:AccountedForUnderAsc31020Member 2018-12-31 0001030469 ofg:AccountedForUnderAsc31020Member 2018-12-31 0001030469 us-gaap:SeriesAPreferredStockMember 2020-01-01 2020-03-31 0001030469 us-gaap:SeriesBPreferredStockMember 2020-01-01 2020-03-31 0001030469 us-gaap:SeriesDPreferredStockMember 2020-01-01 2020-03-31 0001030469 ofg:OrientalOverseasMember 2019-12-31 0001030469 ofg:OrientalInternationalBankMember 2020-03-31 0001030469 us-gaap:AutomobilesMember 2020-01-01 2020-03-31 0001030469 us-gaap:DebtInstrumentRedemptionPeriodOneMember us-gaap:FederalHomeLoanBankAdvancesMember 2020-03-31 0001030469 us-gaap:DebtInstrumentRedemptionPeriodTwoMember us-gaap:FederalHomeLoanBankAdvancesMember 2020-03-31 0001030469 us-gaap:CarryingReportedAmountFairValueDisclosureMember ofg:ScotiabankMember 2019-12-31 0001030469 us-gaap:ChangeDuringPeriodFairValueDisclosureMember ofg:ScotiabankMember 2019-12-31 0001030469 us-gaap:EstimateOfFairValueFairValueDisclosureMember ofg:ScotiabankMember 2019-12-31 0001030469 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CoreDepositsMember ofg:ScotiabankMember 2019-12-31 0001030469 us-gaap:ChangeDuringPeriodFairValueDisclosureMember us-gaap:CoreDepositsMember ofg:ScotiabankMember 2019-12-31 0001030469 us-gaap:CoreDepositsMember us-gaap:EstimateOfFairValueFairValueDisclosureMember ofg:ScotiabankMember 2019-12-31 0001030469 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:CustomerRelationshipsMember ofg:ScotiabankMember 2019-12-31 0001030469 us-gaap:ChangeDuringPeriodFairValueDisclosureMember us-gaap:CustomerRelationshipsMember ofg:ScotiabankMember 2019-12-31 0001030469 us-gaap:CustomerRelationshipsMember us-gaap:EstimateOfFairValueFairValueDisclosureMember ofg:ScotiabankMember 2019-12-31 0001030469 us-gaap:CarryingReportedAmountFairValueDisclosureMember us-gaap:OtherIntangibleAssetsMember ofg:ScotiabankMember 2019-12-31 0001030469 us-gaap:ChangeDuringPeriodFairValueDisclosureMember us-gaap:OtherIntangibleAssetsMember ofg:ScotiabankMember 2019-12-31 0001030469 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:OtherIntangibleAssetsMember ofg:ScotiabankMember 2019-12-31 0001030469 us-gaap:EstimateOfFairValueFairValueDisclosureMember ofg:ScotiabankMember 2019-12-31 2019-12-31 0001030469 ofg:RegulatoryRequirementsMember 2020-03-31 0001030469 ofg:RegulatoryRequirementsMember 2019-12-31 0001030469 us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember us-gaap:MortgageBackedSecuritiesMember ofg:MaturitiesDueFromOneToFiveYearsMember 2020-03-31 0001030469 us-gaap:OtherDebtSecuritiesMember us-gaap:SecuritiesInvestmentMember ofg:MaturitiesDueInLessThanOneYearMember 2020-03-31 0001030469 us-gaap:MortgageBackedSecuritiesMember ofg:MaturitiesDueFromFiveToTenYearsMember ofg:FnmaAndFhlmcMember 2020-03-31 0001030469 us-gaap:GovernmentNationalMortgageAssociationCertificatesAndObligationsGNMAMember us-gaap:MortgageBackedSecuritiesMember ofg:MaturitiesDueFromFiveToTenYearsMember 2020-03-31 0001030469 us-gaap:SecuritiesInvestmentMember us-gaap:USTreasurySecuritiesMember ofg:MaturitiesDueFromOneToFiveYearsMember 2020-03-31 0001030469 ofg:ScotiaBankOfPuertoRicoMember 2019-12-31 0001030469 us-gaap:OtherIntangibleAssetsMember ofg:ScotiabankPrUsviAcquisitionMember 2019-12-31 0001030469 us-gaap:ConventionalLoanMember 2020-01-01 2020-03-31 0001030469 us-gaap:ConventionalLoanMember 2019-01-01 2019-03-31 0001030469 us-gaap:CoreDepositsMember 2020-03-31 0001030469 us-gaap:CoreDepositsMember 2019-12-31 0001030469 us-gaap:CustomerRelationshipsMember 2020-03-31 0001030469 us-gaap:CustomerRelationshipsMember 2019-12-31 0001030469 us-gaap:OtherIntangibleAssetsMember 2020-03-31 0001030469 us-gaap:OtherIntangibleAssetsMember 2019-12-31 0001030469 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2018-12-31 0001030469 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2018-12-31 0001030469 us-gaap:CommercialLoanMember ofg:AccountedSC31030NonCoveredLoansMember 2018-12-31 0001030469 us-gaap:AutomobileLoanMember ofg:AccountedSC31030NonCoveredLoansMember 2018-12-31 0001030469 us-gaap:ConsumerLoanMember ofg:AccountedSC31030NonCoveredLoansMember 2018-12-31 0001030469 ofg:AccountedSC31030NonCoveredLoansMember 2018-12-31 0001030469 us-gaap:MortgagesMember ofg:AccountedSC31030NonCoveredLoansMember 2018-12-31 0001030469 ofg:ScotiabankPrUsviAcquisitionMember 2019-12-31 2019-12-31 0001030469 srt:MaximumMember 2020-01-01 2020-03-31 0001030469 srt:MinimumMember 2020-01-01 2020-03-31 0001030469 srt:MaximumMember 2019-01-01 2019-03-31 0001030469 srt:MinimumMember 2019-01-01 2019-03-31 0001030469 ofg:ScotiabankPrUsviAcquisitionMember 2019-12-31 0001030469 us-gaap:CustomerRelationshipsMember ofg:ScotiabankPrUsviAcquisitionMember 2019-12-31 0001030469 us-gaap:DebtInstrumentRedemptionPeriodOneMember us-gaap:FederalHomeLoanBankAdvancesMember 2019-12-31 0001030469 us-gaap:DebtInstrumentRedemptionPeriodTwoMember us-gaap:FederalHomeLoanBankAdvancesMember 2019-12-31 0001030469 us-gaap:DebtInstrumentRedemptionPeriodThreeMember us-gaap:FederalHomeLoanBankAdvancesMember 2019-12-31 0001030469 us-gaap:DebtInstrumentRedemptionPeriodFourMember us-gaap:FederalHomeLoanBankAdvancesMember 2019-12-31 0001030469 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-03-31 0001030469 us-gaap:OperatingSegmentsMember ofg:BankingSegmentMember 2019-01-01 2019-03-31 0001030469 us-gaap:OperatingSegmentsMember ofg:WealthManagementMember 2019-01-01 2019-03-31 0001030469 us-gaap:OperatingSegmentsMember ofg:TreasuryMember 2019-01-01 2019-03-31 0001030469 us-gaap:OperatingSegmentsMember 2019-01-01 2019-03-31 0001030469 us-gaap:OperatingSegmentsMember 2019-03-31 0001030469 us-gaap:OperatingSegmentsMember ofg:BankingSegmentMember 2019-03-31 0001030469 us-gaap:OperatingSegmentsMember ofg:WealthManagementMember 2019-03-31 0001030469 us-gaap:OperatingSegmentsMember ofg:TreasuryMember 2019-03-31 0001030469 us-gaap:IntersegmentEliminationMember 2019-03-31 0001030469 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-01-01 2019-03-31 0001030469 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-01-01 2019-03-31 0001030469 ofg:ScotiaBankOfPuertoRicoMember 2019-12-31 2019-12-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember ofg:ServicingAssetsMember 2019-12-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember ofg:ServicingAssetsMember 2018-12-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember ofg:ServicingAssetsMember 2020-01-01 2020-03-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember ofg:ServicingAssetsMember 2019-01-01 2019-03-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember ofg:ServicingAssetsMember 2020-03-31 0001030469 us-gaap:FairValueMeasurementsRecurringMember ofg:ServicingAssetsMember 2019-03-31 0001030469 ofg:LoanServicedUnderRepresentationWarrantiesMember 2020-03-31 0001030469 ofg:OriginatedLoansMember 2018-12-31 0001030469 ofg:OriginatedLoansMember 2020-01-01 2020-03-31 0001030469 ofg:OriginatedLoansMember 2020-03-31 0001030469 ofg:OriginatedLoansMember 2019-03-31 0001030469 ofg:LoanWithRecourseMember 2020-03-31 0001030469 ofg:LoanWithRecourseMember 2019-12-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember srt:MinimumMember 2020-01-01 2020-03-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember 2020-01-01 2020-03-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember 2019-01-01 2019-12-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember srt:MaximumMember 2020-01-01 2020-03-31 0001030469 ofg:OrientalInternationalBankMember 2019-12-31 0001030469 ofg:OrientalOverseasMember 2020-03-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember ofg:MortgageImpairedLoanPoolMember 2019-12-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember ofg:MortgageImpairedLoanPoolMember 2019-01-01 2019-12-31 0001030469 ofg:UsVirginIslandMember 2019-12-31 0001030469 2019-03-31 0001030469 ofg:ScotiabankPrUsviAcquisitionMember 2019-12-31 0001030469 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0001030469 us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember 2019-03-31 0001030469 us-gaap:AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember 2019-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember ofg:CommercialSecuredByRealEstateMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ofg:CommercialSecuredByRealEstateMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember ofg:OtherCommercialAndIndustrialMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ofg:OtherCommercialAndIndustrialMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember ofg:UsLoanProgramMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ofg:UsLoanProgramMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember ofg:PersonalLoanMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ofg:PersonalLoanMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember ofg:CreditLinesMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ofg:CreditLinesMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember ofg:OverdraftMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ofg:OverdraftMember 2020-03-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:PersonalLoanMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:CreditLinesMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:OverdraftMember 2020-03-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:CommercialSecuredByRealEstateMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:OtherCommercialAndIndustrialMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:UsLoanProgramMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember ofg:MortgagePortfolioSegmentMember 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ofg:MortgagePortfolioSegmentMember 2020-03-31 0001030469 ofg:MortgagePortfolioSegmentMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateMember ofg:CommercialSecuredByRealEstateMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:EquipmentMember ofg:CommercialSecuredByRealEstateMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:RealEstateMember ofg:OtherCommercialAndIndustrialMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:EquipmentMember ofg:OtherCommercialAndIndustrialMember 2020-03-31 0001030469 us-gaap:RealEstateMember 2020-03-31 0001030469 us-gaap:EquipmentMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:NonAcquiredLoanMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:NonAcquiredLoanMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:NonAcquiredLoanMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:FinancingReceivables30To59DaysPastDueMember 2019-12-31 0001030469 us-gaap:FinancingReceivables60To89DaysPastDueMember 2019-12-31 0001030469 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:NonAcquiredLoanMember ofg:PersonalLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:NonAcquiredLoanMember ofg:CreditLinesMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:BankOverdraftsMember us-gaap:ConsumerPortfolioSegmentMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:AcquiredScotiabankLoansMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:AcquiredScotiabankLoansMember ofg:PersonalLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:AcquiredScotiabankLoansMember ofg:CreditLinesMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 ofg:AcquiredScotiabankPrUsviLoansMember 2019-12-31 0001030469 ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 ofg:EurobankMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember ofg:AccountedSC31030NonCoveredLoansMember 2019-03-31 0001030469 ofg:AccountedSC31030NonCoveredLoansMember 2019-03-31 0001030469 us-gaap:CommercialLoanMember ofg:AccountedSC31030NonCoveredLoansMember 2019-03-31 0001030469 us-gaap:ConsumerLoanMember ofg:AccountedSC31030NonCoveredLoansMember 2019-03-31 0001030469 us-gaap:MortgagesMember ofg:AccountedSC31030NonCoveredLoansMember 2019-03-31 0001030469 us-gaap:ConsumerLoanMember ofg:AcquiredLoansInFDICAssistedTransactionMember 2019-03-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember 2019-03-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember ofg:LoansSecuredBy14FamilyResidentialPropertiesCoveredMember 2019-03-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember ofg:AutoAndLeasingLoansReceivableMember 2019-03-31 0001030469 ofg:AcquiredLoansInFDICAssistedTransactionMember ofg:CommercialAndOtherConstructionMember 2019-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember ofg:CommercialSecuredByRealEstateMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:CommercialSecuredByRealEstateMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember ofg:CommercialSecuredByRealEstateMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember ofg:CommercialSecuredByRealEstateMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:CommercialSecuredByRealEstateMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember ofg:OtherCommercialAndIndustrialMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:OtherCommercialAndIndustrialMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember ofg:OtherCommercialAndIndustrialMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember ofg:OtherCommercialAndIndustrialMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:OtherCommercialAndIndustrialMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember ofg:UsLoanProgramMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:UsLoanProgramMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember ofg:UsLoanProgramMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember ofg:UsLoanProgramMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:UsLoanProgramMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PerformingFinancingReceivableMember ofg:PersonalLoansMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:NonperformingFinancingReceivableMember ofg:PersonalLoansMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PerformingFinancingReceivableMember ofg:UnsecuredPersonalLinesOfCreditMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:NonperformingFinancingReceivableMember ofg:UnsecuredPersonalLinesOfCreditMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:PerformingFinancingReceivableMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:NonperformingFinancingReceivableMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:NonAcquiredLoanMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:NonAcquiredLoanMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:NonAcquiredLoanMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:OtherCommercialAndIndustrialMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:OtherCommercialAndIndustrialMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:OtherCommercialAndIndustrialMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:NonAcquiredLoanMember ofg:UsLoanProgramMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:NonAcquiredLoanMember ofg:UsLoanProgramMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:NonAcquiredLoanMember ofg:UsLoanProgramMember 2019-12-31 0001030469 us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AcquiredScotiabankLoansMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AcquiredScotiabankLoansMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AcquiredScotiabankLoansMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AccountedForUnderAsc31020Member ofg:PersonalLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AccountedForUnderAsc31020Member ofg:PersonalLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AccountedForUnderAsc31020Member ofg:PersonalLoanMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:AccountedForUnderAsc31020Member ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:AccountedForUnderAsc31020Member ofg:OtherCommercialAndIndustrialMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:PersonalLoansMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:NonAcquiredLoanMember ofg:PersonalLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:NonAcquiredLoanMember ofg:PersonalLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:NonAcquiredLoanMember ofg:PersonalLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:NonAcquiredLoanMember ofg:CreditLinesMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:NonAcquiredLoanMember ofg:CreditLinesMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:NonAcquiredLoanMember ofg:CreditLinesMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:BankOverdraftsMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:BankOverdraftsMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:BankOverdraftsMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AcquiredScotiabankLoansMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AcquiredScotiabankLoansMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AcquiredScotiabankLoansMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AcquiredScotiabankLoansMember ofg:PersonalLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AcquiredScotiabankLoansMember ofg:PersonalLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AcquiredScotiabankLoansMember ofg:PersonalLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AcquiredScotiabankLoansMember ofg:CreditLinesMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AcquiredScotiabankLoansMember ofg:CreditLinesMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AcquiredScotiabankLoansMember ofg:CreditLinesMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AccountedForUnderAsc31020Member ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AccountedForUnderAsc31020Member ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AccountedForUnderAsc31020Member ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AccountedForUnderAsc31020Member ofg:OtherCommercialAndIndustrialMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AccountedForUnderAsc31020Member ofg:OtherCommercialAndIndustrialMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AccountedForUnderAsc31020Member ofg:OtherCommercialAndIndustrialMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:NonAcquiredLoanMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:OtherCommercialAndIndustrialMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:NonAcquiredLoanMember ofg:UsLoanProgramMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 ofg:NonAcquiredLoanMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 ofg:AcquiredScotiabankLoansMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 ofg:AcquiredScotiabankLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:AccountedForUnderAsc31020Member ofg:PersonalLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:PerformingFinancingReceivableMember ofg:MortgagePortfolioSegmentMember 2020-03-31 0001030469 us-gaap:NonperformingFinancingReceivableMember ofg:MortgagePortfolioSegmentMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:UnsecuredPersonalLinesOfCreditMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PerformingFinancingReceivableMember ofg:OverdraftMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:NonperformingFinancingReceivableMember ofg:OverdraftMember 2020-03-31 0001030469 us-gaap:FinancialAssetOriginatedMember us-gaap:MortgagesMember 2018-12-31 0001030469 us-gaap:FinancialAssetOriginatedMember us-gaap:MortgagesMember 2019-01-01 2019-03-31 0001030469 us-gaap:FinancialAssetOriginatedMember us-gaap:MortgagesMember 2019-03-31 0001030469 us-gaap:FinancialAssetOriginatedMember 2018-12-31 0001030469 us-gaap:FinancialAssetOriginatedMember 2019-01-01 2019-03-31 0001030469 us-gaap:FinancialAssetOriginatedMember 2019-03-31 0001030469 us-gaap:CommercialLoanMember us-gaap:FinancialAssetOriginatedMember 2018-12-31 0001030469 us-gaap:ConsumerLoanMember us-gaap:FinancialAssetOriginatedMember 2018-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:FinancialAssetOriginatedMember 2018-12-31 0001030469 us-gaap:CommercialLoanMember us-gaap:FinancialAssetOriginatedMember 2019-01-01 2019-03-31 0001030469 us-gaap:ConsumerLoanMember us-gaap:FinancialAssetOriginatedMember 2019-01-01 2019-03-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:FinancialAssetOriginatedMember 2019-01-01 2019-03-31 0001030469 us-gaap:CommercialLoanMember us-gaap:FinancialAssetOriginatedMember 2019-03-31 0001030469 us-gaap:ConsumerLoanMember us-gaap:FinancialAssetOriginatedMember 2019-03-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:FinancialAssetOriginatedMember 2019-03-31 0001030469 us-gaap:RetainedEarningsMember ofg:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember 2019-12-31 0001030469 us-gaap:RetainedEarningsMember ofg:CumulativeEffectPeriodOfAdoptionAdjustedBalanceMember 2018-12-31 0001030469 ofg:ShortTermHighLiquiditySecuritiesMember 2020-03-31 0001030469 us-gaap:OtherIntangibleAssetsMember ofg:ScotiabankPrUsviAcquisitionMember 2020-03-31 0001030469 us-gaap:RepurchaseAgreementsMember 2019-12-31 0001030469 us-gaap:RepurchaseAgreementsMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ofg:PersonalLoansMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetOriginatedMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetOriginatedMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetOriginatedMember ofg:OtherCommercialAndIndustrialMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetOriginatedMember ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetOriginatedMember ofg:UnsecuredPersonalLinesOfCreditMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancialAssetOriginatedMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetOriginatedMember ofg:AutoAndLeasingLoansReceivableMember 2019-12-31 0001030469 ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialLoanMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2019-12-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:MortgagesMember 2019-12-31 0001030469 us-gaap:CommercialLoanMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2020-01-01 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:MortgagesMember 2020-01-01 2020-03-31 0001030469 us-gaap:CommercialLoanMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:MortgagesMember 2020-03-31 0001030469 us-gaap:ConsumerLoanMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2019-12-31 0001030469 us-gaap:ConsumerLoanMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2020-01-01 2020-03-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2020-01-01 2020-03-31 0001030469 us-gaap:ConsumerLoanMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2020-03-31 0001030469 ofg:LegalSurplusMember 2019-03-31 0001030469 us-gaap:RetainedEarningsMember 2019-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember ofg:PersonalLoansMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember ofg:UnsecuredPersonalLinesOfCreditMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember ofg:AutoAndLeasingLoansReceivableMember 2020-03-31 0001030469 us-gaap:FinancialAssetOriginatedMember 2019-12-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2019-12-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2020-01-01 2020-03-31 0001030469 us-gaap:ConsumerLoanMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2019-12-31 0001030469 us-gaap:ConsumerLoanMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2020-01-01 2020-03-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2020-01-01 2020-03-31 0001030469 us-gaap:ConsumerLoanMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2019-12-31 0001030469 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2020-01-01 2020-03-31 0001030469 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0001030469 us-gaap:FinancialAssetOriginatedMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetOriginatedMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:PersonalLoansMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:UnsecuredPersonalLinesOfCreditMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:AutoAndLeasingLoansReceivableMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:AccountedForUnderAsc31020Member ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:AccountedForUnderAsc31020Member ofg:AutoAndLeasingLoansReceivableMember 2019-12-31 0001030469 us-gaap:CommercialLoanMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2019-12-31 0001030469 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:MortgagesMember 2019-12-31 0001030469 us-gaap:CommercialLoanMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2020-01-01 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:MortgagesMember 2020-01-01 2020-03-31 0001030469 us-gaap:CommercialLoanMember us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember us-gaap:MortgagesMember 2020-03-31 0001030469 us-gaap:PreferredStockMember 2019-03-31 0001030469 us-gaap:CommonStockMember 2019-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember ofg:NonAcquiredLoanMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:NonAcquiredLoanMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember ofg:NonAcquiredLoanMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember ofg:NonAcquiredLoanMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:NonAcquiredLoanMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember ofg:OtherCommercialAndIndustrialMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:OtherCommercialAndIndustrialMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember ofg:OtherCommercialAndIndustrialMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember ofg:OtherCommercialAndIndustrialMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:OtherCommercialAndIndustrialMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember ofg:NonAcquiredLoanMember ofg:UsLoanProgramMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:NonAcquiredLoanMember ofg:UsLoanProgramMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember ofg:NonAcquiredLoanMember ofg:UsLoanProgramMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember ofg:NonAcquiredLoanMember ofg:UsLoanProgramMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:NonAcquiredLoanMember ofg:UsLoanProgramMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 ofg:NonAcquiredLoanMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:PassMember ofg:NonAcquiredLoanMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:SpecialMentionMember ofg:NonAcquiredLoanMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:SubstandardMember ofg:NonAcquiredLoanMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:DoubtfulMember ofg:NonAcquiredLoanMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:NonAcquiredLoanMember ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:PassMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:SpecialMentionMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:SubstandardMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:DoubtfulMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:PassMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:SpecialMentionMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:SubstandardMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:DoubtfulMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:AcquiredBbvaprLoansMember ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember ofg:AcquiredBbvaprLoansMember ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:AcquiredBbvaprLoansMember ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember ofg:AcquiredBbvaprLoansMember ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember ofg:AcquiredBbvaprLoansMember ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:AcquiredBbvaprLoansMember ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember 2019-12-31 0001030469 ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:PassMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:SpecialMentionMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:SubstandardMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:DoubtfulMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member ofg:MortgagePortfolioSegmentMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:PersonalLoansMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember ofg:PersonalLoansMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:PersonalLoansMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember ofg:PersonalLoansMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember ofg:PersonalLoansMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:PersonalLoansMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:UnsecuredPersonalLinesOfCreditMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember ofg:UnsecuredPersonalLinesOfCreditMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:UnsecuredPersonalLinesOfCreditMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember ofg:UnsecuredPersonalLinesOfCreditMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember ofg:UnsecuredPersonalLinesOfCreditMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:UnsecuredPersonalLinesOfCreditMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:PassMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:SpecialMentionMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:SubstandardMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:DoubtfulMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:NonAcquiredLoanMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:OtherCommercialAndIndustrialMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:NonAcquiredLoanMember ofg:UsLoanProgramMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember ofg:AcquiredBbvaprLoansMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:AcquiredBbvaprLoansMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember ofg:AcquiredBbvaprLoansMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember ofg:AcquiredBbvaprLoansMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:AcquiredBbvaprLoansMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:PassMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:SubstandardMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:DoubtfulMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:AcquiredBbvaprLoansMember ofg:CommercialSecuredByRealEstateMember 2019-12-31 0001030469 us-gaap:CommercialPortfolioSegmentMember ofg:OtherCommercialAndIndustrialMember ofg:AcquiredBbvaprLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:NonAcquiredLoanMember ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember ofg:NonAcquiredLoanMember ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:NonAcquiredLoanMember ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember ofg:NonAcquiredLoanMember ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember ofg:NonAcquiredLoanMember ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:NonAcquiredLoanMember ofg:PersonalLoansMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:UnsecuredPersonalLinesOfCreditMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember ofg:UnsecuredPersonalLinesOfCreditMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:UnsecuredPersonalLinesOfCreditMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember ofg:UnsecuredPersonalLinesOfCreditMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember ofg:UnsecuredPersonalLinesOfCreditMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:UnsecuredPersonalLinesOfCreditMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:PassMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:SpecialMentionMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:SubstandardMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:DoubtfulMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember ofg:NonAcquiredLoanMember ofg:OverdraftMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember ofg:NonAcquiredLoanMember ofg:OverdraftMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:NonAcquiredLoanMember ofg:OverdraftMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember ofg:NonAcquiredLoanMember ofg:OverdraftMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember ofg:NonAcquiredLoanMember ofg:OverdraftMember 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:NonAcquiredLoanMember ofg:OverdraftMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:PassMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:SpecialMentionMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:SubstandardMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:DoubtfulMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:PassMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:SpecialMentionMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:SubstandardMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:DoubtfulMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:UnlikelyToBeCollectedFinancingReceivableMember ofg:AcquiredScotiabankPrUsviAccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:PassMember 2019-12-31 0001030469 us-gaap:SpecialMentionMember 2019-12-31 0001030469 us-gaap:SubstandardMember 2019-12-31 0001030469 us-gaap:DoubtfulMember 2019-12-31 0001030469 us-gaap:UnlikelyToBeCollectedFinancingReceivableMember 2019-12-31 0001030469 us-gaap:CommercialLoanMember 2019-12-31 0001030469 us-gaap:ConsumerLoanMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember 2020-01-01 2020-03-31 0001030469 us-gaap:AutomobileLoanMember 2020-03-31 0001030469 ofg:AccountingStandardsUpdate201904Member 2020-01-01 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ofg:AccountingStandardsUpdate201904Member 2020-01-01 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredWithCreditDeteriorationMember ofg:AccountingStandardsUpdate201904Member 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember ofg:AccountingStandardsUpdate201904Member 2020-01-01 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember ofg:AccountingStandardsUpdate201904Member 2020-03-31 0001030469 ofg:AccountingStandardsUpdate201904Member 2020-03-31 0001030469 ofg:ScotiabankPrUsviAcquisitionMember 2020-01-01 2020-03-31 0001030469 ofg:ScotiabankPrUsviAcquisitionMember 2020-03-31 0001030469 us-gaap:MortgagesMember 2019-12-31 0001030469 srt:WeightedAverageMember ofg:ServicingAssetsMember ofg:CashFlowValuationTechniqueMember 2020-01-01 2020-03-31 0001030469 srt:WeightedAverageMember ofg:FairValueOfPropertyOrCollateralMember ofg:ForeclosedRealEstateMember 2020-01-01 2020-03-31 0001030469 srt:WeightedAverageMember ofg:FairValueOfPropertyOrCollateralMember ofg:OtherRepossessedAssetsMember 2020-01-01 2020-03-31 0001030469 2020-01-01 2020-01-01 0001030469 us-gaap:FairValueInputsLevel3Member ofg:ServicingAssetsMember ofg:CashFlowValuationTechniqueMember 2020-03-31 0001030469 us-gaap:CollateralizedLoanObligationsMember us-gaap:FairValueInputsLevel3Member ofg:CashFlowValuationTechniqueMember 2020-03-31 0001030469 us-gaap:FairValueInputsLevel3Member ofg:CashFlowValuationTechniqueMember ofg:ForeclosedRealEstateMember 2020-03-31 0001030469 us-gaap:FairValueInputsLevel3Member ofg:CashFlowValuationTechniqueMember ofg:OtherRepossessedAssetsMember 2020-03-31 0001030469 us-gaap:CollateralizedLoanObligationsMember srt:MinimumMember ofg:FairValueOfPropertyOrCollateralMember 2020-01-01 2020-03-31 0001030469 us-gaap:CollateralizedLoanObligationsMember srt:MaximumMember ofg:FairValueOfPropertyOrCollateralMember 2020-01-01 2020-03-31 0001030469 us-gaap:CollateralizedLoanObligationsMember srt:WeightedAverageMember ofg:FairValueOfPropertyOrCollateralMember 2020-01-01 2020-03-31 0001030469 us-gaap:TreasuryStockMember 2019-03-31 0001030469 us-gaap:BankOverdraftsMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember 2020-03-31 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:RetainedEarningsMember ofg:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2019-12-31 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:RetainedEarningsMember ofg:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2018-12-31 0001030469 us-gaap:AccountingStandardsUpdate201602Member us-gaap:RetainedEarningsMember ofg:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2019-12-31 0001030469 us-gaap:AccountingStandardsUpdate201602Member us-gaap:RetainedEarningsMember ofg:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2018-12-31 0001030469 us-gaap:ChangeDuringPeriodFairValueDisclosureMember ofg:ScotiabankMember 2020-03-31 0001030469 us-gaap:EstimateOfFairValueFairValueDisclosureMember ofg:ScotiabankMember 2020-03-31 0001030469 us-gaap:ChangeDuringPeriodFairValueDisclosureMember us-gaap:CoreDepositsMember ofg:ScotiabankMember 2020-03-31 0001030469 us-gaap:CoreDepositsMember us-gaap:EstimateOfFairValueFairValueDisclosureMember ofg:ScotiabankMember 2020-03-31 0001030469 us-gaap:ChangeDuringPeriodFairValueDisclosureMember us-gaap:CustomerRelationshipsMember ofg:ScotiabankMember 2020-03-31 0001030469 us-gaap:CustomerRelationshipsMember us-gaap:EstimateOfFairValueFairValueDisclosureMember ofg:ScotiabankMember 2020-03-31 0001030469 us-gaap:ChangeDuringPeriodFairValueDisclosureMember us-gaap:OtherIntangibleAssetsMember ofg:ScotiabankMember 2020-03-31 0001030469 us-gaap:EstimateOfFairValueFairValueDisclosureMember us-gaap:OtherIntangibleAssetsMember ofg:ScotiabankMember 2020-03-31 0001030469 ofg:LegalSurplusMember 2020-01-01 2020-03-31 0001030469 ofg:LegalSurplusMember 2019-01-01 2019-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:AccountedForUnderAsc31020Member 2019-12-31 0001030469 us-gaap:ChangeDuringPeriodFairValueDisclosureMember ofg:ScotiabankMember 2020-01-01 2020-03-31 0001030469 us-gaap:EstimateOfFairValueFairValueDisclosureMember ofg:ScotiabankMember 2020-01-01 2020-03-31 0001030469 ofg:LoanServicedUnderRepresentationWarrantiesMember 2019-12-31 0001030469 us-gaap:AutomobileLoanMember ofg:FicoScore1To660Member 2020-03-31 0001030469 us-gaap:AutomobileLoanMember ofg:FicoScore661To699Member 2020-03-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:FicoScoreGreaterThan700Member 2020-03-31 0001030469 us-gaap:AutomobileLoanMember ofg:NoFicoMember 2020-03-31 0001030469 2019-12-31 2019-12-31 0001030469 us-gaap:AccountingStandardsUpdate201613Member 2020-03-31 0001030469 us-gaap:AccountingStandardsUpdate201613Member 2019-12-31 0001030469 us-gaap:AccountingStandardsUpdate201613Member ofg:CumulativeEffectOnRetainedEarningsMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member srt:ScenarioPreviouslyReportedMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member srt:RestatementAdjustmentMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:CommercialPortfolioSegmentMember ofg:CumulativeEffectOnRetainedEarningsMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member ofg:MortgagePortfolioSegmentMember ofg:CumulativeEffectOnRetainedEarningsMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:ConsumerPortfolioSegmentMember ofg:CumulativeEffectOnRetainedEarningsMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:AutomobileLoanMember ofg:CumulativeEffectOnRetainedEarningsMember 2020-01-01 0001030469 ofg:MortgageAndConsumerMember 2020-03-31 0001030469 us-gaap:AccountingStandardsUpdate201613Member 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:CommercialPortfolioSegmentMember srt:ScenarioPreviouslyReportedMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:CommercialPortfolioSegmentMember srt:RestatementAdjustmentMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member srt:ScenarioPreviouslyReportedMember ofg:MortgagePortfolioSegmentMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member srt:RestatementAdjustmentMember ofg:MortgagePortfolioSegmentMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:ConsumerPortfolioSegmentMember srt:ScenarioPreviouslyReportedMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:ConsumerPortfolioSegmentMember srt:RestatementAdjustmentMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:AutomobileLoanMember srt:ScenarioPreviouslyReportedMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:AutomobileLoanMember srt:RestatementAdjustmentMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:CommercialPortfolioSegmentMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member ofg:MortgagePortfolioSegmentMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:ConsumerPortfolioSegmentMember 2020-01-01 0001030469 us-gaap:AccountingStandardsUpdate201613Member us-gaap:AutomobileLoanMember 2020-01-01 0001030469 us-gaap:MortgagesMember ofg:EurobankMember 2018-12-31 0001030469 us-gaap:CommercialLoanMember ofg:EurobankMember 2018-12-31 0001030469 us-gaap:ConsumerLoanMember ofg:EurobankMember 2018-12-31 0001030469 us-gaap:MortgagesMember ofg:EurobankMember 2019-01-01 2019-03-31 0001030469 us-gaap:CommercialLoanMember ofg:EurobankMember 2019-01-01 2019-03-31 0001030469 us-gaap:ConsumerLoanMember ofg:EurobankMember 2019-01-01 2019-03-31 0001030469 us-gaap:MortgagesMember ofg:EurobankMember 2019-03-31 0001030469 us-gaap:CommercialLoanMember ofg:EurobankMember 2019-03-31 0001030469 us-gaap:ConsumerLoanMember ofg:EurobankMember 2019-03-31 0001030469 ofg:AccountedForUnderAsc31030Member 2018-12-31 0001030469 ofg:AccountedForUnderAsc31030Member 2019-01-01 2019-03-31 0001030469 ofg:AccountedForUnderAsc31030Member 2019-03-31 0001030469 us-gaap:MortgagesMember ofg:AccountedForUnderAsc31030Member 2018-12-31 0001030469 us-gaap:CommercialLoanMember ofg:AccountedForUnderAsc31030Member 2018-12-31 0001030469 us-gaap:AutomobileLoanMember ofg:AccountedForUnderAsc31030Member 2018-12-31 0001030469 us-gaap:MortgagesMember ofg:AccountedForUnderAsc31030Member 2019-01-01 2019-03-31 0001030469 us-gaap:CommercialLoanMember ofg:AccountedForUnderAsc31030Member 2019-01-01 2019-03-31 0001030469 us-gaap:AutomobileLoanMember ofg:AccountedForUnderAsc31030Member 2019-01-01 2019-03-31 0001030469 us-gaap:MortgagesMember ofg:AccountedForUnderAsc31030Member 2019-03-31 0001030469 us-gaap:CommercialLoanMember ofg:AccountedForUnderAsc31030Member 2019-03-31 0001030469 us-gaap:AutomobileLoanMember ofg:AccountedForUnderAsc31030Member 2019-03-31 0001030469 us-gaap:ConsumerLoanMember ofg:AccountedForUnderAsc31020Member 2019-03-31 0001030469 ofg:AccountedForUnderAsc31020Member 2019-03-31 0001030469 us-gaap:CommercialLoanMember ofg:AccountedForUnderAsc31020Member 2019-03-31 0001030469 us-gaap:AutomobileLoanMember ofg:AccountedForUnderAsc31020Member 2019-03-31 0001030469 us-gaap:AccountingStandardsUpdate201613Member 2020-01-01 2020-01-01 0001030469 us-gaap:AutomobileLoanMember ofg:NonAcquiredLoanMember 2019-12-31 0001030469 ofg:EurobankMember 2018-12-31 0001030469 ofg:EurobankMember 2019-01-01 2019-03-31 0001030469 ofg:EurobankMember 2019-03-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:CommercialSecuredByRealEstateMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:CommercialSecuredByRealEstateMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:CommercialSecuredByRealEstateMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:OtherCommercialAndIndustrialMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:OtherCommercialAndIndustrialMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:OtherCommercialAndIndustrialMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:UsLoanProgramMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:UsLoanProgramMember 2020-03-31 0001030469 us-gaap:CommercialPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:UsLoanProgramMember 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:MortgagePortfolioSegmentMember 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:MortgagePortfolioSegmentMember 2020-03-31 0001030469 us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:MortgagePortfolioSegmentMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:PersonalLoanMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:PersonalLoanMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:PersonalLoanMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables30To59DaysPastDueMember ofg:CreditLinesMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables60To89DaysPastDueMember ofg:CreditLinesMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember ofg:CreditLinesMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-03-31 0001030469 us-gaap:ConsumerPortfolioSegmentMember us-gaap:CreditCardReceivablesMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001030469 us-gaap:BankOverdraftsMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-03-31 0001030469 us-gaap:BankOverdraftsMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-03-31 0001030469 us-gaap:BankOverdraftsMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables30To59DaysPastDueMember 2020-03-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivables60To89DaysPastDueMember 2020-03-31 0001030469 us-gaap:AutomobileLoanMember us-gaap:ConsumerPortfolioSegmentMember us-gaap:FinancialAssetAcquiredAndNoCreditDeteriorationMember us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember 2020-03-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember srt:MinimumMember ofg:FederalLoanHomeBankAdvancesShortTermPeriodMaturedMember 2020-03-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember srt:MaximumMember ofg:FederalLoanHomeBankAdvancesShortTermPeriodMaturedMember 2019-12-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember srt:MaximumMember ofg:FederalloanhomebankadvanceslongtermperiodmaturedMember 2019-12-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember srt:MinimumMember ofg:FederalLoanHomeBankAdvancesShortTermPeriodMaturedMember 2019-12-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember srt:MinimumMember ofg:FederalloanhomebankadvanceslongtermperiodmaturedMember 2019-12-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember srt:MaximumMember ofg:FederalloanhomebankadvanceslongtermperiodmaturedMember 2020-03-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember srt:MaximumMember ofg:FederalLoanHomeBankAdvancesShortTermPeriodMaturedMember 2020-03-31 0001030469 us-gaap:FederalHomeLoanBankAdvancesMember srt:MinimumMember ofg:FederalloanhomebankadvanceslongtermperiodmaturedMember 2020-03-31 iso4217:USD xbrli:pure xbrli:shares iso4217:USD xbrli:shares ofg.:number

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-Q

 

(Mark One)

 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

 

For the quarterly period ended March 31, 2020

 

or

 

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

 

For the transition period from ______________ to ______________

 

Commission File Number 001-12647

 

OFG Bancorp

Incorporated in the Commonwealth of Puerto Rico, IRS Employer Identification No. 66-0538893

 

Principal Executive Offices:

254 Muñoz Rivera Avenue

San Juan, Puerto Rico 00918

Telephone Number: (787) 771-6800

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common shares, par value $1.00 per share

OFG

New York Stock Exchange

7.125% Noncumulative Monthly Income Preferred Stock, Series A ($25.00 liquidation preference per share)

 

OFG.PRA

New York Stock Exchange

7.0% Noncumulative Monthly Income Preferred Stock, Series B ($25.00 liquidation preference per share)

 

OFG.PRB

New York Stock Exchange

7.125% Noncumulative Perpetual Preferred Stock, Series D ($25.00 liquidation preference per share)

 

OFG.PRD

New York Stock Exchange

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large Accelerated Filer

Accelerated Filer

Non-Accelerated Filer

Smaller Reporting Company

Emerging Growth Company

 

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No

 

Number of shares outstanding of the registrant’s common stock, as of the latest practicable date:

 

51,340,582 common shares ($1.00 par value per share) outstanding as of April 30, 2020

 


 

TABLE OF CONTENTS

 

PART I – FINANCIAL INFORMATION

Page

Item 1.

Financial Statements

 

 

Unaudited Consolidated Statements of Financial Condition

1

 

Unaudited Consolidated Statements of Operations

3

 

Unaudited Consolidated Statements of Comprehensive Income

5

 

Unaudited Consolidated Statements of Changes in Stockholders’ Equity

6

 

Unaudited Consolidated Statements of Cash Flows

7

 

Notes to Unaudited Consolidated Financial Statements

 

 

 

 

 

 

Note 1 – Significant Accounting Policies

9

 

 

Note 2 – Business Combinations

16

 

 

Note 3 – Restricted Cash

19

 

 

Note 4 – Investment Securities

19

 

 

Note 5 – Loans

23

 

 

Note 6 – Allowance for Credit Losses

43

 

 

Note 7 – Foreclosed Real Estate

46

 

 

Note 8 – Servicing Assets

46

 

 

Note 9 – Derivatives

48

 

 

Note 10 – Core Deposit, customer relationship intangible and other intangibles

49

 

 

Note 11 – Accrued Interest Receivable and Other Assets

49

 

 

Note 12 – Deposits and Related Interest

50

 

 

Note 13 – Borrowings and Related Interest

51

 

 

Note 14 – Offsetting of Financial Assets and Liabilities

54

 

 

Note 15 – Income Taxes

56

 

 

Note 16 – Regulatory Capital Requirements

57

 

 

Note 17 – Stockholders’ Equity

59

 

 

Note 18 – Accumulated Other Comprehensive Income

60

 

 

Note 19 – Earnings per Common Share

62

 

 

Note 20 – Guarantees

62

 

 

Note 21 – Commitments and Contingencies

63

 

 

Note 22 – Operating Leases

65

 

 

Note 23 – Fair Value of Financial Instruments

67

 

 

Note 24 – Banking and Financial Service Revenues

73

 

 

Note 25 – Business Segments

75

 

 

 

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

77

 

 

Critical Accounting Policies and Estimates

77

 

 

Selected Financial Data

81

 

 

Financial Highlights of the First Quarter of 2020

83

 

 

Analysis of Results of Operations

83

 

 

Analysis of Financial Condition

90

Item 3.

Quantitative and Qualitative Disclosures about Market Risk

111

Item 4.

Controls and Procedures

115

PART II – OTHER INFORMATION

 

Item 1.

Legal Proceedings

116

Item 1A.

Risk Factors

116

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

117

Item 3.

Default upon Senior Securities

117

Item 4.

Mine Safety Disclosures

117

Item 5.

Other Information

117

Item 6.

Exhibits

118

Signatures

119

 

 


OFG BANCORP

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

AS OF MARCH 31, 2020 AND DECEMBER 31, 2019

 

 

 

March 31,

 

December 31,

 

 

2020

 

2019

 

 

(In thousands)

ASSETS

 

 

 

 

 

 

Cash and cash equivalents:

 

 

 

 

 

 

Cash and due from banks

 

$

1,314,688

 

$

844,532

Money market investments

 

 

10,203

 

 

6,775

Total cash and cash equivalents

 

 

1,324,891

 

 

851,307

Restricted cash

 

 

1,050

 

 

1,450

Investments:

 

 

 

 

 

 

Trading securities, at fair value, with amortized cost of $182 (December 31, 2019 - $182)

 

 

29

 

 

37

Investment securities available-for-sale, at fair value, with amortized cost of $648,565

 

 

 

 

 

 

and allowance for credit losses of $0 (December 31, 2019, amortized cost $1,074,475)

 

 

657,460

 

 

1,074,169

Federal Home Loan Bank (FHLB) stock, at cost

 

 

10,301

 

 

13,048

Other investments

 

 

973

 

 

560

Total investments

 

 

668,763

 

 

1,087,814

Loans:

 

 

 

 

 

 

Loans held-for-sale, at lower of cost or fair value

 

 

5,815

 

 

19,591

Loans held for investment, net of allowance for credit losses of $230,755 (December 31, 2019 - $116,539)

 

 

6,535,359

 

 

6,622,256

Total loans

 

 

6,541,174

 

 

6,641,847

Other assets:

 

 

 

 

 

 

Foreclosed real estate

 

 

27,292

 

 

29,909

Accrued interest receivable

 

 

40,181

 

 

37,120

Deferred tax asset, net

 

 

196,129

 

 

176,740

Premises and equipment, net

 

 

81,834

 

 

81,105

Customers' liability on acceptances

 

 

11,763

 

 

21,599

Core deposit, customer relationship and other intangibles

 

 

54,174

 

 

56,965

Servicing assets

 

 

49,287

 

 

50,779

Goodwill

 

 

86,069

 

 

86,069

Operating lease right-of-use assets

 

 

36,844

 

 

39,112

Other assets

 

 

119,120

 

 

135,845

Total assets

 

$

9,238,571

 

$

9,297,661

 

 

 

 

 

 

 

See notes to unaudited consolidated financial statements

 

1


OFG BANCORP

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

AS OF MARCH 31, 2020 AND DECEMBER 31, 2019

 

 

 

March 31,

 

December 31,

 

 

2020

 

2019

 

 

(In thousands)

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

Deposits:

 

 

 

 

 

 

Demand deposits

 

$

3,711,492

 

$

3,579,115

Savings accounts

 

 

1,871,719

 

 

1,836,480

Time deposits

 

 

2,236,060

 

 

2,283,015

Total deposits

 

 

7,819,271

 

 

7,698,610

Borrowings:

 

 

 

 

 

 

Securities sold under agreements to repurchase

 

 

50,103

 

 

190,274

Advances from FHLB

 

 

76,961

 

 

78,009

Subordinated capital notes

 

 

36,083

 

 

36,083

Other borrowings

 

 

640

 

 

1,195

Total borrowings

 

 

163,787

 

 

305,561

Other liabilities: