OFG Bancorp (OFG) 10-Q4 Nov 222022 Q3 Quarterly reportFinancial data

Company Profile

COVER

COVER - shares	9 Months Ended
COVER - shares	Sep. 30, 2022	Oct. 31, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-12647
Entity Registrant Name	OFG Bancorp
Entity Incorporation, State or Country Code	PR
Entity Tax Identification Number	66-0538893
Entity Address, Address Line One	254 Muñoz Rivera Avenue
Entity Address, City or Town	San Juan
Entity Address, Country	PR
Entity Address, Postal Zip Code	00918
City Area Code	787
Local Phone Number	771-6800
Title of 12(b) Security	Common shares, par value $1.00 per share
Trading Symbol	OFG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		47,563,272
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001030469
Current Fiscal Year End Date	--12-31

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Cash and cash equivalents:
Cash and due from banks	$ 810,281	$ 2,014,523
Money market investments	4,988	8,952
Total cash and cash equivalents	815,269	2,023,475
Restricted cash	164	175
Investments:
Trading securities, at fair value, with amortized cost of $162 (December 31, 2021 - $162)	11	20
Investment securities available-for-sale, at fair value, with amortized cost of $1,600,651 (December 31, 2021 - $503,421); no allowance for credit losses	1,478,409	510,713
Investment securities held-to-maturity, at amortized cost, with fair value of $471,718 (December 31, 2021 - $363,653); no allowance for credit losses	540,774	367,507
Equity securities	23,372	17,578
Total investments	2,042,566	895,818
Loans:
Loans held-for-sale, at lower of cost or fair value	61,225	82,662
Loans held for investment, net of allowance for credit losses of $155,162 (December 31, 2021 - $155,937)	6,529,803	6,246,649
Total loans	6,591,028	6,329,311
Other assets:
Foreclosed real estate	14,561	15,039
Accrued interest receivable	59,400	56,560
Deferred tax asset, net	66,121	99,063
Premises and equipment, net	106,025	92,124
Customers' liability on acceptances	29,245	35,329
Servicing assets	50,061	48,973
Goodwill	86,069	86,069
Other intangible assets	29,662	36,093
Operating lease right-of-use assets	26,192	28,846
Other assets	141,816	152,845
Total assets	10,058,179	9,899,720
Deposits:
Demand deposits	5,416,309	5,204,340
Savings accounts	2,345,673	2,177,780
Time deposits	1,093,135	1,220,998
Total deposits	8,855,117	8,603,118
Borrowings:
Advances from the Federal Home Loan Bank of New York (the “FHLB”)	27,153	28,488
Subordinated capital notes	0	36,083
Other borrowings	110	0
Total borrowings	27,263	64,571
Other liabilities:
Derivative liabilities	28	804
Acceptances executed and outstanding	29,245	35,329
Operating lease liabilities	28,114	30,498
Accrued expenses and other liabilities	124,545	96,240
Total liabilities	9,064,312	8,830,560
Commitments and contingencies (See Note 20)
Stockholders’ equity:
Common stock, $1 par value; 100,000,000 shares authorized; 59,885,234 shares issued: 47,563,272 shares outstanding (December 31, 2021 - 59,885,234 shares issued; 49,636,352 shares outstanding)	59,885	59,885
Additional paid-in capital	635,523	637,061
Legal surplus	129,429	117,677
Retained earnings	484,057	399,949
Treasury stock, at cost, 12,321,962 shares (December 31, 2021 - 10,248,882 shares)	(211,138)	(150,572)
Accumulated other comprehensive (loss) income, net of tax of $17,943 (December 31, 2021 - $1,328)	(103,889)	5,160
Total stockholders’ equity	993,867	1,069,160
Total liabilities and stockholders’ equity	$ 10,058,179	$ 9,899,720

UNAUDITED CONSOLIDATED STATEM_2

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Trading securities, amortized cost	$ 162	$ 162
Investment securities available-for-sale, amortized cost	1,600,651	503,421
Investment securities available-for-sale, allowance for credit loss	0	0
Investment securities held-to-maturity, fair value	471,718	363,653
Investment securities held-to-maturity, allowance for credit loss	0	0
Loans held for investment, allowance for credit losses	$ 155,162	$ 155,937
Common stock, par value (in dollars per share)	$ 1	$ 1
Common stock, authorized (in shares)	100,000,000	100,000,000
Common stock, issued (in shares)	59,885,234	59,885,234
Common stock, outstanding (in shares)	47,563,272	49,636,352
Treasury stock, at cost (in shares)	12,321,962	10,248,882
Accumulated other comprehensive income, tax (benefit) expense	$ (17,943)	$ 1,328

UNAUDITED CONSOLIDATED STATEM_3

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest income:
Loans	$ 116,240	$ 107,933	$ 335,162	$ 326,193
Mortgage-backed securities	9,665	3,060	21,424	7,657
Investment securities and other	8,770	1,142	13,260	2,718
Total interest income	134,675	112,135	369,846	336,568
Interest expense:
Deposits	7,987	8,691	21,972	31,175
Advances from FHLB and other borrowings	178	450	555	1,361
Subordinated capital notes	0	293	521	882
Total interest expense	8,165	9,434	23,048	33,418
Net interest income	126,510	102,701	346,798	303,150
Provision for (recapture of) credit losses	7,120	(4,997)	15,362	(6,978)
Net interest income after provision for credit losses	119,390	107,698	331,436	310,128
Non-interest income:
Banking service revenue	17,234	18,200	52,937	52,948
Wealth management revenue	8,173	7,619	24,300	23,270
Mortgage banking activities	4,891	6,197	15,476	16,310
Total banking and financial service revenues	30,298	32,016	92,713	92,528
Net gain on:
Early extinguishment of debt	0	0	42	0
Other non-interest income	322	505	5,681	2,603
Total non-interest income, net	30,620	32,521	98,436	95,131
Non-interest expense:
Compensation and employee benefits	35,332	33,745	104,830	99,282
Occupancy, equipment and infrastructure costs	12,638	12,078	37,415	37,734
Electronic banking charges	9,965	9,615	29,473	27,163
Information technology expenses	5,270	3,621	15,602	13,407
Professional and service fees	6,441	5,003	19,224	14,938
Taxes, other than payroll and income taxes	3,324	3,257	9,897	10,535
Insurance	2,394	2,530	7,458	7,659
Loan servicing and clearing expenses	2,144	1,908	6,309	5,690
Advertising, business promotion, and strategic initiatives	1,926	1,646	5,815	4,783
Communication	982	1,327	3,230	3,332
Printing, postage, stationery and supplies	878	878	2,755	3,037
Director and investor relations	261	243	856	867
Climate events expenses	1,426	0	1,426	0
Foreclosed real estate and other repossessed assets expenses (income), net	573	(2,163)	(2,313)	(1,885)
Other	3,938	5,236	11,928	12,724
Total non-interest expense	87,492	78,924	253,905	239,266
Income before income taxes	62,518	61,295	175,967	165,993
Income tax expense	20,599	19,624	56,095	53,122
Net income	41,919	41,671	119,872	112,871
Less: dividends on preferred stock	0	0	0	(1,255)
Income available to common shareholders	$ 41,919	$ 41,671	$ 119,872	$ 111,616
Earnings per common share:
Basic (in dollars per share)	$ 0.88	$ 0.82	$ 2.49	$ 2.18
Diluted (in dollars per share)	$ 0.87	$ 0.81	$ 2.47	$ 2.15
Average common shares outstanding and equivalents (in shares)	47,926	51,516	48,594	51,748
Cash dividends per share of common stock (in dollars per share)	$ 0.20	$ 0.12	$ 0.50	$ 0.28

UNAUDITED CONSOLIDATED STATEM_4

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 41,919	$ 41,671	$ 119,872	$ 112,871
Other comprehensive (loss) income before tax:
Unrealized (loss) gain on securities available-for-sale	(63,929)	1,359	(129,534)	(2,605)
Unrealized gain on cash flow hedges	245	157	1,214	576
Other comprehensive (loss) income before taxes	(63,684)	1,516	(128,320)	(2,029)
Income tax effect	9,297	(496)	19,271	(373)
Other comprehensive (loss) income after taxes	(54,387)	1,020	(109,049)	(2,402)
Comprehensive (loss) income	$ (12,468)	$ 42,691	$ 10,823	$ 110,469

UNAUDITED CONSOLIDATED STATEM_5

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands		Total	Preferred stock	Common stock	Additional paid-in capital	Legal surplus	Retained earnings	Treasury stock	Accumulated other comprehensive (loss) income, net of tax
Balance at beginning of period at Dec. 31, 2020			$ 92,000		$ 622,652	$ 103,269	$ 300,096	$ (102,949)	$ 11,022
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemption of preferred stock			(92,000)
Stock-based compensation expense					4,993
Lapsed restricted stock units					(1,967)			2,248
Redemption of preferred stock, issuance costs					10,130		(10,130)
Transfer from retained earnings						11,216
Net income		$ 112,871					112,871
Cash dividends declared on common stock	[1]						(14,637)
Cash dividends declared on preferred stock							(1,255)
Transfer to legal surplus							(11,216)
Stock repurchased		(40,161)						(40,161)
Other comprehensive (loss) income, net of tax		(2,402)							(2,402)
Balance at end of period at Sep. 30, 2021		1,053,665	0	$ 59,885	635,808	114,485	375,729	(140,862)	8,620
Balance at beginning of period at Jun. 30, 2021			24,000		626,995	110,235	352,001	(100,719)	7,600
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemption of preferred stock			(24,000)
Stock-based compensation expense					1,378
Lapsed restricted stock units					(18)			18
Redemption of preferred stock, issuance costs					7,453		(7,453)
Transfer from retained earnings						4,250
Net income		41,671					41,671
Cash dividends declared on common stock	[1]						(6,240)
Transfer to legal surplus							(4,250)
Stock repurchased								(40,161)
Other comprehensive (loss) income, net of tax		1,020							1,020
Balance at end of period at Sep. 30, 2021		1,053,665	$ 0	59,885	635,808	114,485	375,729	(140,862)	8,620
Balance at beginning of period at Dec. 31, 2021		1,069,160			637,061	117,677	399,949	(150,572)	5,160
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense					2,915
Lapsed restricted stock units					(4,453)			3,544
Transfer from retained earnings						11,752
Net income		119,872					119,872
Cash dividends declared on common stock	[1]						(24,012)
Transfer to legal surplus							(11,752)
Stock repurchased		(64,110)						(64,110)
Other comprehensive (loss) income, net of tax		(109,049)							(109,049)
Balance at end of period at Sep. 30, 2022		993,867		59,885	635,523	129,429	484,057	(211,138)	(103,889)
Balance at beginning of period at Jun. 30, 2022					634,612	125,365	455,590	(211,138)	(49,502)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation expense					911
Lapsed restricted stock units					0			0
Transfer from retained earnings						4,064
Net income		41,919					41,919
Cash dividends declared on common stock	[1]						(9,388)
Transfer to legal surplus							(4,064)
Stock repurchased								0
Other comprehensive (loss) income, net of tax		(54,387)							(54,387)
Balance at end of period at Sep. 30, 2022		$ 993,867		$ 59,885	$ 635,523	$ 129,429	$ 484,057	$ (211,138)	$ (103,889)

[1]Dividends declared per common share during the quarter ended September 30, 2022 - $0.20 (September 30, 2021 - $0.12). Dividends declared per common share during the nine-month period ended September 30, 2022 - $0.50 (September 30, 2021 - $0.28).

UNAUDITED CONSOLIDATED STATEM_6

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Dividends declared per common share (in dollars per share)	$ 0.20	$ 0.12	$ 0.50	$ 0.28

UNAUDITED CONSOLIDATED STATEM_7

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 119,872	$ 112,871
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of deferred loan origination fees and fair value (discounts) premiums on loans	827	2,044
Amortization of investment securities premiums, net of accretion of discounts	254	2,370
Amortization of other intangible assets	6,431	7,351
Net change in operating leases	270	359
Depreciation and amortization of premises and equipment	10,593	10,369
Deferred income tax expense, net	52,229	33,441
Provision for (recapture of) credit losses	15,362	(6,978)
Stock-based compensation	2,915	4,993
(Gain) loss on:
Sale of loans	(1,335)	(5,752)
Early extinguishment of debt	(42)	0
Foreclosed real estate and other repossessed assets	(11,077)	(6,863)
Sale of other assets	(4,761)	(570)
Originations and purchases of loans held-for-sale	(152,350)	(284,966)
Proceeds from sale of loans held-for-sale	93,756	175,955
Valuation of loans held for sale	832	0
Net decrease (increase) in:
Trading securities	9	0
Accrued interest receivable	(2,885)	9,101
Servicing assets	(1,088)	(932)
Other assets	13,145	(8,895)
Net (decrease) increase in:
Accrued interest on deposits and borrowings	(238)	(782)
Accrued expenses and other liabilities	(27,173)	49,005
Net cash provided by operating activities	115,546	92,121
Purchases of:
Investment securities available-for-sale	(1,120,589)	(28,273)
Investment securities held-to-maturity	(196,742)	(348,758)
FHLB stock	(122)	0
Equity securities	(4,234)	(6,472)
Maturities and redemptions of:
Investment securities available-for-sale	102,045	77,846
Investment securities held-to-maturity	23,463	4,943
FHLB stock	62	782
Proceeds from sales of:
Foreclosed real estate and other repossessed assets, including write-offs	38,219	33,669
Premises and equipment	4,762	570
Origination and purchase of loans, excluding loans held-for-sale	(2,144,528)	(1,472,546)
Principal repayment of loans	1,831,475	1,628,577
Additions to premises and equipment	(24,828)	(14,151)
Net cash used in investing activities	(1,491,017)	(123,813)
Net increase (decrease) in:
Deposits	290,105	782,908
Subordinated capital notes	(36,041)	0
FHLB advances, federal funds purchased, and other borrowings	(1,280)	(3,330)
Exercise of stock options with treasury shares	(909)	281
Purchase of treasury stock	(64,110)	(40,161)
Redemption of preferred stock	0	(92,000)
Dividends paid on preferred stock	0	(1,255)
Dividends paid on common stock	(20,511)	(14,637)
Net cash provided by financing activities	167,254	631,806
Net change in cash, cash equivalents and restricted cash	(1,208,217)	600,114
Cash, cash equivalents and restricted cash at beginning of period	2,023,650	2,155,577
Cash, cash equivalents and restricted cash at end of period	815,433	2,755,691
Reconciliation of the Consolidated Statements of Cash Flows to the Consolidated Statements of Financial Condition:
Cash and due from banks	810,281	2,745,675
Money market investments	4,988	9,837
Restricted cash	164	179
Total cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	815,433	2,755,691
Supplemental Cash Flow Disclosure and Schedule of Non-cash Activities:
Interest paid	18,370	28,686
Income taxes paid	4,428	2,467
Operating lease liabilities paid	7,581	8,455
Mortgage loans held-for-sale securitized into mortgage-backed securities	80,428	117,051
Securities purchased no yet received	0	31,565
Transfer from loans to foreclosed real estate and other repossessed assets	29,118	29,947
Reclassification of loans held-for-investment portfolio to held-for-sale portfolio	18,571	17,993
Reclassification of loans held-for-sale portfolio to held-for-investment portfolio	18,000	7,053
Financed sales of foreclosed real estate	1,092	1,121
Delinquent loans booked under the GNMA buy-back option	29,050	19,944
Conversion of debt security to equity security	$ 1,500	$ 0

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
SIGNIFICANT ACCOUNTING POLICIES	Sep. 30, 2022
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Nature of Operations OFG is a publicly-owned financial holding company incorporated under the laws of the Commonwealth of Puerto Rico. OFG operates through various subsidiaries including, a commercial bank, Oriental Bank (the “Bank”), a securities broker-dealer and investment adviser, Oriental Financial Services LLC (“Oriental Financial Services”), an insurance agency, Oriental Insurance LLC (“Oriental Insurance”), a captive reinsurance company, OFG Reinsurance Ltd (“OFG Reinsurance”), a retirement plan administrator, Oriental Pension Consultants, Inc. (“OPC”), and OFG Ventures LLC (“OFG Ventures”), which holds certain equity investments. Through these subsidiaries and their respective divisions, OFG provides a wide range of banking and financial services such as commercial, consumer and mortgage lending, auto leasing and lending, financial planning, insurance sales, money management, investment banking and securities brokerage services, as well as corporate and individual trust services. Basis of Presentation The accompanying unaudited consolidated financial statements of OFG have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and in accordance with guidance provided by the Securities and Exchange Commission. Accordingly, these consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows of OFG on a consolidated basis, and all such adjustments are of a normal recurring nature. The consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (“2021 Form 10-K”). Operating results for nine-months period ended September 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. The Company evaluated subsequent events through the filing date of its Quarterly Report on Form 10-Q with the SEC and has recorded or disclosed those material events or transactions as described within the accompanying consolidated financial statements and notes. Recently Adopted Accounting Standards Updates Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. In August 2020, the FASB issued ASU 2020-06 to clarify the accounting for certain financial instruments with characteristics of liabilities and equity. The amendments in this update reduce the number of accounting models for convertible debt instruments and convertible preferred stock by removing the cash conversion model and the beneficial conversion feature model. Limiting the accounting models will result in fewer embedded conversion features being separately recognized from the host contract. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting and (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. In addition, this ASU improves disclosure requirements for convertible instruments and earnings-per-share guidance. The ASU also revises the derivative scope exception guidance to reduce form-over-substance-based accounting conclusions driven by remote contingent events. The amendments in this update are effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. OFG was not impacted by the adoption of this ASU since it does not hold these instruments. Accounting Standards Updated Not Yet Adopted Liabilities—Supplier Finance Programs. In September 2022, the FASB issued ASU 2022-04 to add Subtopic 405-50 to require disclosures about a buyer’s supplier finance program obligations. Instead of creating a prescriptive definition of a supplier finance program based on certain contractual terms, it describes supplier finance programs more generally with an indicator to help preparers identify the arrangements that require disclosure. The amendments in this update are effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years, except for the amendment on roll forward information, which is effective for fiscal years beginning after December 15, 2023. Entities are permitted to early adopt. OFG does not expect this ASU will have a material impact to its consolidated financial statements. Fair Value Measurements—Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions Disclosures. In June 2022, the FASB issued ASU 2022-03 to clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments also clarify that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction and requires certain disclosures for equity securities subject to contractual restrictions. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Entities are permitted to early adopt these amendments, including adoption in any interim period. The amendments should be applied prospectively with any adjustments from the adoption of the amendments recognized in earnings and disclosed on the date of adoption. Upon adoption of this ASU, OFG will consider this guidance for equity securities subject to contractual sale restrictions. Financial Instruments—Credit Losses Troubled Debt Restructurings and Vintage Disclosures. In March 2022, the FASB issued ASU 2022-02 to address the accounting guidance on troubled debt restructurings (“TDRs”) for creditors in ASC 310-402 and amend the guidance on vintage disclosures to require disclosure of current-period gross write-offs by year of origination. The ASU also updates the requirements related to accounting for credit losses under ASC 326 and adds enhanced disclosures for creditors with respect to loan refinancing and restructurings for borrowers experiencing financial difficulty. The amendments in this update are effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Entities are permitted to early adopt these amendments, including adoption in any interim period, provided that the amendments are adopted as of the beginning of the annual reporting period that includes the interim period of adoption. In addition, entities are permitted to elect to early adopt the amendments related to TDR accounting and related disclosure enhancements separately from the amendments related to the vintage disclosures. OFG does not plan to early adopt and is currently evaluating the impact on its presentation and disclosures upon adoption of this standard. For other recently issued Accounting Standards Updates not yet effective, refer to Note 1 to the Consolidated Financial Statements included in the 2021 Form 10-K.

SIGNIFICANT EVENTS

SIGNIFICANT EVENTS	9 Months Ended
SIGNIFICANT EVENTS	Sep. 30, 2022
Accounting Policies [Abstract]
SIGNIFICANT EVENTS	SIGNIFICANT EVENTS Hurricane Fiona During the quarter ended September 30, 2022, OFG was impacted by the effects of Hurricane Fiona, which made landfall in southwestern Puerto Rico on September 18, 2022. Hurricane Fiona caused, among other things, power outages, widespread flooding, water and communication services interruptions, property damage in some areas of the island, and disrupted economic activity throughout Puerto Rico. Almost all of OFG’s operations and clients are located in Puerto Rico. Although OFG's business operations were temporarily disrupted by the damages to Puerto Rico’s critical infrastructure, mainly to its electric power grid, OFG’s digital channels, core banking and electronic funds transfer systems continued to function uninterrupted during and after the hurricane. Within days after Hurricane Fiona, OFG was able to open its main offices and many of its branches and ATMs in addition to its digital and phone trade channels. Climate Events Expenses OFG implemented its disaster response plan as the hurricane approached its service areas. To operate in disaster response mode and provide assistance to employees and the communities it serves, OFG incurred expenses amounting to $1.4 million. Allowance for Credit Losses

RESTRICTED CASH

RESTRICTED CASH	9 Months Ended
RESTRICTED CASH	Sep. 30, 2022
Restricted Cash and Investments [Abstract]
RESTRICTED CASH	RESTRICTED CASH OFG has a contract with FNMA which requires collateral to guarantee the repurchase, if necessary, of loans sold with recourse. At September 30, 2022 and December 31, 2021, OFG delivered as collateral cash amounting to approximately $164 thousand and $175 thousand, respectively. The Bank is required by Puerto Rico law to maintain average weekly reserve balances to cover demand deposits. The amount of those minimum average reserve balances for the week that covered September 30, 2022 was $485.3 million (December 31, 2021 - $456.5 million). At September 30, 2022 and December 31, 2021, the Bank complied with this requirement. Cash and due from bank, as well as other short-term highly liquid securities, are used to cover the required average reserve balances.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
INVESTMENT SECURITIES	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES Money Market Investments OFG considers as cash equivalents all money market instruments that are not pledged and that have maturities of three months or less at the date of acquisition. At September 30, 2022 and December 31, 2021, money market instruments included as part of cash and cash equivalents amounted to $5.0 million and $9.0 million, respectively. Investment Securities The amortized cost, gross unrealized gains and losses, fair value, weighted average yield and contractual maturities of the securities owned by OFG at September 30, 2022 and December 31, 2021 were as follows: September 30, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Weighted Average Yield (In thousands) Available-for-sale Mortgage-backed securities FNMA and FHLMC certificates Due from 1 to 5 years $ 11,109 $ — $ 568 $ 10,541 1.76 % Due from 5 to 10 years 62,947 — 4,686 58,261 2.00 % Due after 10 years 772,928 — 74,119 698,809 2.82 % Total FNMA and FHLMC certificates 846,984 — 79,373 767,611 2.75 % GNMA Securities Due from 1 to 5 years 13,916 — 863 13,053 1.65 % Due from 5 to 10 years 25,877 19 1,949 23,947 2.06 % Due after 10 years 292,795 50 38,117 254,728 2.66 % Total GNMA certificates 332,588 69 40,929 291,728 2.57 % CMOs issued by US government-sponsored agencies Due from 1 to 5 years 15,602 — 727 14,875 1.78 % Due from 5 to 10 years 660 — 12 648 2.14 % Due after 10 years 992 — 16 976 5.06 % Total CMOs issued by US government-sponsored agencies 17,254 — 755 16,499 1.98 % Total mortgage-backed securities 1,196,826 69 121,057 1,075,838 2.69 % Investment securities US Treasury securities Due less than 1 year 402,678 — 1,264 401,414 3.15 % Other debt securities Due less than 1 year 500 — — 500 0.57 % Due from 1 to 5 years 647 23 13 657 5.31 % Total other debt securities 1,147 23 13 1,157 3.24 % Total investment securities 403,825 23 1,277 402,571 3.15 % Total securities available for sale $ 1,600,651 $ 92 $ 122,334 $ 1,478,409 2.80 % September 30, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Weighted Average Yield (In thousands) Held-to-maturity Mortgage-backed securities FNMA and FHLMC certificates Due after 10 years $ 343,549 $ — $ 66,089 $ 277,460 1.70 % Investment securities US Treasury securities Due from 1 to 5 years 197,225 — 2,967 194,258 3.36 % Total securities held-to-maturity $ 540,774 $ — $ 69,056 $ 471,718 2.30 % December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Weighted Average Yield (In thousands) Available-for-sale Mortgage-backed securities FNMA and FHLMC certificates Due from 5 to 10 years $ 90,560 2,502 $ — $ 93,062 1.94 % Due after 10 years 93,440 — 3,200 90,240 1.37 % Total FNMA and FHLMC certificates 184,000 2,502 3,200 183,302 1.65 % GNMA Securities Due from 1 to 5 years 10,536 233 1 10,768 1.66 % Due from 5 to 10 years 26,419 556 — 26,975 1.80 % Due after 10 years 244,106 6,927 198 250,835 2.40 % Total GNMA certificates 281,061 7,716 199 288,578 2.32 % CMOs issued by US government-sponsored agencies Due from 1 to 5 years 1,788 22 — 1,810 1.70 % Due from 5 to 10 years 20,705 299 — 21,004 1.81 % Due after 10 years 1,601 16 1 1,616 4.24 % Total CMOs issued by US government-sponsored agencies 24,094 337 1 24,430 1.96 % Total mortgage-backed securities 489,155 10,555 3,400 496,310 2.05 % Investment securities US Treasury securities Due less than 1 year 10,737 88 — 10,825 1.48 % Obligations of US government-sponsored agencies Due less than 1 year 1,182 1 — 1,183 1.40 % Other debt securities Due less than 1 year 500 — — 500 0.57 % Due from 1 to 5 years 1,847 48 — 1,895 5.43 % Total other debt securities 2,347 48 — 2,395 4.39 % Total investment securities 14,266 137 — 14,403 1.95 % Total securities available for sale $ 503,421 $ 10,692 $ 3,400 $ 510,713 2.05 % December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Weighted Average Yield (In thousands) Held-to-maturity Mortgage-backed securities FNMA and FHLMC certificates Due after 10 years $ 367,507 $ — $ 3,854 $ 363,653 1.71 % Investment securities as of September 30, 2022 include $286.4 million pledged to secure government deposits, derivatives, and regulatory collateral that the secured parties are not permitted to sell or repledge, of which $285.9 million serve as collateral for public funds. Investment securities as of December 31, 2021 include $145.6 million pledged to secure government deposits, derivatives, and regulatory collateral that the secured parties are not permitted to sell or repledge, of which $143.8 million serve as collateral for public funds. The weighted average yield on debt securities available-for-sale is based on amortized cost and does not give effect to changes in fair value. Weighted average yields on tax-exempt obligations have been computed on a fully taxable equivalent basis. Securities not due on a single contractual maturity date, such as collateralized mortgage obligations, are classified in the period of final contractual maturity. Expected maturities may differ from contractual maturities because issuers may have the right to call or prepay obligations with or without call or prepayment penalties. At September 30, 2022 and December 31, 2021, most securities held by OFG are issued by U.S. government entities and government-sponsored agencies that have a zero-credit loss assumption. At both September 30, 2022 and December 31, 2021, the Bank’s international banking entities held short-term US Treasury securities in the amount of $305 thousand and $325 thousand, respectively, as the legal reserve required for international banking entities under Puerto Rico law. These instruments cannot be withdrawn or transferred without the prior written approval of the Office of the Commissioner of Financial Institutions of Puerto Rico (“OCFI”). During the nine-month periods ended September 30, 2022 and 2021, OFG retained securitized GNMA pools totaling $80.4 million and $117.1 million amortized cost, respectively, at a yield of 3.53% and 2.51%, respectively, from its own originations. There were no sales of securities during the nine-month periods ended September 30, 2022 and 2021. The following table shows OFG’s gross unrealized losses and fair value of investment securities available-for-sale and held-to-maturity at September 30, 2022 and December 31, 2021, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position: September 30, 2022 12 months or more Amortized Unrealized Fair (In thousands) Securities available-for-sale FNMA and FHLMC certificates $ 87,852 $ 20,025 $ 67,827 GNMA certificates 567 99 468 $ 88,419 $ 20,124 $ 68,295 Held-to-maturity FNMA and FHLMC certificates $ 289,148 $ 56,444 $ 232,704 September 30, 2022 Less than 12 months Amortized Unrealized Fair (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies $ 17,254 $ 755 $ 16,499 FNMA and FHLMC certificates 759,122 59,348 699,774 GNMA certificates 330,091 40,830 289,261 US Treasury securities 402,678 1,264 401,414 Other debt securities 271 13 258 $ 1,509,416 $ 102,210 $ 1,407,206 Held-to-maturity FNMA and FHLMC certificates $ 54,401 $ 9,645 $ 44,756 US Treasury securities 197,225 2,967 194,258 $ 251,626 $ 12,612 $ 239,014 September 30, 2022 Total Amortized Unrealized Fair (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies $ 17,254 $ 755 $ 16,499 FNMA and FHLMC certificates 846,974 79,373 767,601 GNMA certificates 330,658 40,929 289,729 US Treasury securities 402,678 1,264 401,414 Other debt securities 271 13 258 $ 1,597,835 $ 122,334 $ 1,475,501 Held-to-maturity FNMA and FHLMC certificates $ 343,549 $ 66,089 $ 277,460 US Treasury securities 197,225 2,967 194,258 $ 540,774 $ 69,056 $ 471,718 December 31, 2021 Less than 12 months Amortized Unrealized Fair (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies $ 500 $ 1 $ 499 FNMA and FHLMC certificates 93,440 3,200 90,240 GNMA certificates 5,022 199 4,823 $ 98,962 $ 3,400 $ 95,562 Held-to-maturity FNMA and FHLMC certificates $ 367,507 $ 3,854 $ 363,653 OFG had no investment securities in a continuous loss position for 12 months or more at December 31, 2021.

LOANS

LOANS	9 Months Ended
LOANS	Sep. 30, 2022
Receivables [Abstract]
LOANS	LOANS OFG’s loan portfolio is composed of four segments: commercial, mortgage, consumer, and auto loans and leases. Loans are further segregated into classes which OFG uses when assessing and monitoring the risk and performance of the portfolio. The composition of the amortized cost basis of OFG’s loan portfolio at September 30, 2022 and December 31, 2021 was as follows: September 30, 2022 December 31, 2021 Non-PCD PCD Total Non-PCD PCD Total (In thousands) Commercial loans: Commercial secured by real estate $ 954,762 $ 142,065 $ 1,096,827 $ 883,994 $ 176,186 $ 1,060,180 Other commercial and industrial 786,155 20,222 806,377 759,172 28,149 787,321 Other commercial and industrial - Paycheck Protection Program (PPP Loans) 14,082 — 14,082 86,889 — 86,889 US commercial loans 622,382 — 622,382 444,940 — 444,940 2,377,381 162,287 2,539,668 2,174,995 204,335 2,379,330 Mortgage 679,831 1,059,448 1,739,279 718,848 1,188,423 1,907,271 Consumer: Personal loans 463,203 375 463,578 346,859 546 347,405 Credit lines 13,243 363 13,606 14,775 370 15,145 Credit cards 43,383 — 43,383 46,795 — 46,795 Overdraft 354 — 354 330 — 330 520,183 738 520,921 408,759 916 409,675 Auto and leasing 1,877,945 7,152 1,885,097 1,693,029 13,281 1,706,310 5,455,340 1,229,625 6,684,965 4,995,631 1,406,955 6,402,586 Allowance for credit losses (142,417) (12,745) (155,162) (132,065) (23,872) (155,937) Total loans held for investment, net 5,312,923 1,216,880 6,529,803 4,863,566 1,383,083 6,246,649 Mortgage loans held for sale 43,262 — 43,262 51,096 — 51,096 Other loans held for sale 17,963 — 17,963 31,566 — 31,566 Total loans held for sale 61,225 — 61,225 82,662 — 82,662 Total loans, net $ 5,374,148 $ 1,216,880 $ 6,591,028 $ 4,946,228 $ 1,383,083 $ 6,329,311 During the quarter ended September 30, 2022, OFG transferred to held for sale a commercial loan amounting to $3.3 million (net of $5.5 million charge-off), which was subsequently sold during October 2022. During the nine-month period ended September 30, 2022, OFG sold $21.9 million of past due mortgage loans held for sale. These mortgage loans were transferred to held for sale during the fourth quarter of 2021. At September 30, 2022 and December 31, 2021, OFG had carrying balances of $73.4 million and $87.3 million, respectively, in loans held for investment granted to the Puerto Rico government, including its municipalities and public corporations, as part of the commercial loan segment. The Bank’s loans to the Puerto Rico government amounting to $73.4 million and $86.2 million at September 30, 2022 and December 31, 2021, respectively, were general obligations of municipalities secured by ad valorem taxation, without limitation as to rate or amount, on all taxable property within the issuing municipalities in current status. The good faith, credit and unlimited taxing power of each issuing municipality are pledged for the payment of its general obligations. At December 31, 2021, total loan exposure to the Puerto Rico government included a $1.1 million purchased credit-deteriorated (“PCD”) loan granted to a public corporation classified as non-accrual, which was repaid during the nine-month period ended September 30, 2022. The tables below present the aging of the amortized cost of loans held for investment at September 30, 2022 and December 31, 2021, by class of loans. Mortgage loans past due include $29.1 million and $14.5 million of delinquent loans in the GNMA buy-back option program at September 30, 2022 and December 31, 2021, respectively. Servicers of loans underlying GNMA mortgage-backed securities must report as their own assets the defaulted loans that they have the option (but not the obligation) to repurchase, even when they elect not to exercise that option. September 30, 2022 30-59 Days 60-89 Days 90+ Days Total Past Current Total Loans Loans 90+ (In thousands) Commercial Commercial secured by real estate $ 862 $ 9,509 $ 8,251 $ 18,622 $ 936,140 $ 954,762 $ — Other commercial and industrial 2,473 338 2,868 5,679 794,558 800,237 — US commercial loans 41 — — 41 622,341 622,382 — 3,376 9,847 11,119 24,342 2,353,039 2,377,381 — Mortgage 9,649 6,120 52,859 68,628 611,203 679,831 2,218 Consumer Personal loans 4,930 2,580 1,737 9,247 453,956 463,203 — Credit lines 342 117 217 676 12,567 13,243 — Credit cards 827 382 722 1,931 41,452 43,383 — Overdraft 101 1 — 102 252 354 — 6,200 3,080 2,676 11,956 508,227 520,183 — Auto and leasing 74,231 37,406 20,870 132,507 1,745,438 1,877,945 — Total loans $ 93,456 $ 56,453 $ 87,524 $ 237,433 $ 5,217,907 $ 5,455,340 $ 2,218 December 31, 2021 30-59 Day 60-89 Days 90+ Days Total Past Current Total Loans Loans 90+ (In thousands) Commercial Commercial secured by real estate $ 2,210 $ 102 $ 8,446 $ 10,758 $ 873,236 $ 883,994 $ — Other commercial and industrial 1,886 538 946 3,370 842,691 846,061 — US commercial loans — — — — 444,940 444,940 — 4,096 640 9,392 14,128 2,160,867 2,174,995 — Mortgage 8,704 7,855 43,468 60,027 658,821 718,848 2,346 Consumer Personal loans 2,382 1,131 1,116 4,629 342,230 346,859 — Credit lines 531 141 227 899 13,876 14,775 — Credit cards 610 336 631 1,577 45,218 46,795 — Overdraft 130 14 — 144 186 330 — 3,653 1,622 1,974 7,249 401,510 408,759 — Auto and leasing 60,038 30,234 13,461 103,733 1,589,296 1,693,029 — Total loans $ 76,491 $ 40,351 $ 68,295 $ 185,137 $ 4,810,494 $ 4,995,631 $ 2,346 Upon adoption of the current expected credit losses (“CECL”) methodology, OFG elected to maintain pools of loans that were previously accounted for under ASC 310-30 and will continue to account for these pools as a unit of account. As such, PCD loans are not included in the tables above. Non-accrual Loans The following table presents the amortized cost basis of loans on nonaccrual status as of September 30, 2022 and December 31, 2021: September 30, 2022 December 31, 2021 Non-accrual with Allowance for Credit Loss Non-accrual with no Allowance for Credit Loss Total Non-accrual with Allowance for Credit Loss Non-accrual with no Allowance for Credit Loss Total (In thousands) Non-PCD: Commercial Commercial secured by real estate $ 14,677 $ 18,614 $ 33,291 $ 16,299 $ 19,538 $ 35,837 Other commercial and industrial 2,865 456 3,321 1,284 483 1,767 17,542 19,070 36,612 17,583 20,021 37,604 Mortgage 13,097 10,309 23,406 16,428 12,840 29,268 Consumer Personal loans 1,487 299 1,786 1,143 302 1,445 Personal lines of credit 217 — 217 226 — 226 Credit cards 722 — 722 632 — 632 2,426 299 2,725 2,001 302 2,303 Auto and leasing 20,868 2 20,870 19,827 2 19,829 Total $ 53,933 $ 29,680 $ 83,613 $ 55,839 $ 33,165 $ 89,004 PCD: Commercial Commercial secured by real estate $ 3,363 $ 6,345 $ 9,708 $ 5,205 $ 6,198 $ 11,403 Other commercial and industrial — 38 38 1,102 40 1,142 3,363 6,383 9,746 6,307 6,238 12,545 Mortgage 260 — 260 334 — 334 Total $ 3,623 $ 6,383 $ 10,006 $ 6,641 $ 6,238 $ 12,879 Total non-accrual loans $ 57,556 $ 36,063 $ 93,619 $ 62,480 $ 39,403 $ 101,883 The determination of nonaccrual or accrual status of PCD loans is made at the pool level, not the individual loan level. Delinquent residential mortgage loans insured or guaranteed under applicable Federal Housing Administration (“FHA”) and United States Department of Veterans Affairs (“VA”) programs are classified as non-performing loans when they become 90 days or more past due but are not placed in non-accrual status until they become 12 months or more past due, since they are insured loans. Therefore, those loans are included as non-performing loans but excluded from non-accrual loans. At September 30, 2022 and December 31, 2021, loans whose terms have been extended and which were classified as troubled-debt restructurings that were not included in non-accrual loans amounted to $145.5 million and $125.9 million, respectively, as they were performing under their modified terms. Modifications OFG offers various types of concessions when modifying a loan. Concessions made to the original contractual terms of the loan typically consists of the deferral of interest and/or principal payments due to deterioration in the borrowers’ financial condition. In these cases, the principal balance on the TDR had matured and/or was in default at the time of restructure. The amount of outstanding commitments to lend additional funds to commercial borrowers whose terms have been modified in TDRs amounted to $2.3 million and $3.7 million at September 30, 2022 and December 31, 2021, respectively. The following table presents the troubled-debt restructurings in all loan portfolios as of September 30, 2022 and December 31, 2021. September 30, 2022 December 31, 2021 Accruing Non-accruing Total Related Allowance Accruing Non-accruing Total Related Allowance (In thousands) Commercial loans: Commercial secured by real estate $ 31,215 $ 13,589 $ 44,804 $ 233 $ 10,981 $ 14,444 $ 25,425 $ 202 Other commercial and industrial 2,403 373 2,776 43 2,785 473 3,258 41 US commercial loans 7,176 — 7,176 93 7,156 — 7,156 126 40,794 13,962 54,756 369 20,922 14,917 35,839 369 Mortgage 102,510 7,119 109,629 2,750 101,487 9,475 110,962 3,867 Consumer: Personal loans 2,144 49 2,193 93 3,275 139 3,414 159 Auto and leasing 84 — 84 3 203 8 211 11 Total loans $ 145,532 $ 21,130 $ 166,662 $ 3,215 $ 125,887 $ 24,539 $ 150,426 $ 4,406 The following tables present the troubled-debt restructurings by loan portfolios and modification type as of September 30, 2022 and December 31, 2021 : September 30, 2022 Reduction in interest rate Maturity or term extension Combination of reduction in interest rate and extension of maturity Forbearance Total (In thousands) Commercial loans: Commercial secured by real estate $ 7,921 $ 26,104 $ 7,673 $ 3,106 $ 44,804 Other commercial and industrial 801 1,472 483 20 2,776 US commercial loans 7,176 — — — 7,176 15,898 27,576 8,156 3,126 54,756 Mortgage 32,084 7,601 35,317 34,627 109,629 Consumer: Personal loans 943 191 920 139 2,193 Auto and leasing 41 — 22 21 84 Total loans $ 48,966 $ 35,368 $ 44,415 $ 37,913 $ 166,662 December 31, 2021 Reduction in interest rate Maturity or term extension Combination of reduction in interest rate and extension of maturity Forbearance Total (In thousands) Commercial loans: Commercial secured by real estate $ 8,461 $ 1,227 $ 12,401 $ 3,336 $ 25,425 Other commercial and industrial 723 1,985 522 28 3,258 US commercial loans 7,156 — — — 7,156 16,340 3,212 12,923 3,364 35,839 Mortgage 37,307 6,796 32,456 34,403 110,962 Consumer: Personal loans 1,496 287 1,430 201 3,414 Auto and leasing 74 — 28 109 211 Total loans $ 55,217 $ 10,295 $ 46,837 $ 38,077 $ 150,426 TDRs disclosed above were not related to Covid-19 modifications. Section 4013 of CARES Act and the " Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus (Revised)" provided banks an option to elect to not account for certain loan modifications related to Covid-19 as TDRs as long as the borrowers were not more than 30 days past due as of December 31, 2019 and at the time of implementation of the modification program, and the borrowers meet other applicable criteria. At September 30, 2022, there were $4.6 million (December 31, 2021 - $28.0 million) of loans deferred from the Covid-19 pandemic that were not classified as a TDR, which consists of FHA and VA insured mortgage loans. At September 30, 2022 and December 31, 2021, TDR mortgage loans include $42.5 million and $40.8 million, respectively, of government-guaranteed loans ( e.g. FHA/VA). Upon adoption of CECL, OFG elected to maintain pools of loans that were previously accounted for under ASC 310-30 and will continue to account for these pools as a unit of account. As such, PCD loans are not included in the TDR tables. Loan modifications that are considered TDR loans completed during the quarters and nine-month periods ended September 30, 2022 and 2021 were as follows: Quarter Ended September 30, 2022 Number of contracts Pre-Modification Pre-Modification Pre-Modification Post-Modification Post-Modification Post-Modification (Dollars in thousands) Mortgage 10 $ 1,344 4.45 % 214 $ 1,447 3.67 % 292 Commercial 1 170 5.75 % 66 169 5.75 % 114 Consumer 1 40 10.70 % 72 40 10.95 % 60 Nine-Month Period Ended September 30, 2022 Number of contracts Pre-Modification Pre-Modification Pre-Modification Post-Modification Post-Modification Post-Modification (Dollars in thousands) Mortgage 82 $ 10,377 4.60 % 266 $ 10,918 3.64 % 341 Commercial 5 38,873 3.57 % 131 38,729 3.64 % 184 Consumer 3 62 13.72 % 75 62 10.95 % 67 Quarter Ended September 30, 2021 Number of contracts Pre-Modification Pre-Modification Pre-Modification Post-Modification Post-Modification Post-Modification (Dollars in thousands) Mortgage 40 5,691 4.52 % 349 5,845 3.52 % 350 Consumer 5 77 16.64 % 67 77 12.19 % 81 Auto and leasing 1 22 6.75 % 84 22 6.00 % 48 Nine-Month Period Ended September 30, 2021 Number of contracts Pre-Modification Pre-Modification Pre-Modification Post-Modification Post-Modification Post-Modification (Dollars in thousands) Mortgage 110 $ 14,352 4.29 % 321 $ 14,305 3.57 % 346 Commercial 3 1,176 4.72 % 157 1,085 5.95 % 60 Consumer 14 232 13.97 % 69 233 10.40 % 77 Auto and leasing 9 148 8.70 % 72 148 9.35 % 49 The following table presents troubled-debt restructurings for which there was a payment default during the twelve-month periods ended September 30, 2022 and 2021: Twelve-Month Period Ended September 30, 2022 2021 Number of Contracts Recorded Investment Number of Contracts Recorded Investment (Dollars in thousands) Mortgage 9 $ 1,087 23 $ 2,569 Consumer — $ — 2 $ 24 As of September 30, 2022 and December 31, 2021, the recorded investment on residential mortgage loans collateralized by residential real estate property that were in the process of foreclosure amounted to $14.3 million and $16.9 million, respectively. OFG commences the foreclosure process on residential real estate loans when a borrower becomes 120 days delinquent. Puerto Rico and the USVI require the foreclosure to be processed through the respective territory’s courts. Foreclosure timelines vary according to local law and investor guidelines. Occasionally, foreclosures may be delayed due to, among other reasons, mandatory mediation, bankruptcy, court delays and title issues. As a result of the effects of Hurricane Fiona and Puerto Rico being declared a disaster zone by local and federal authorities, OFG granted loan payment accommodations to certain qualified borrowers in order to provide them with flexibility to address the hurricane’s immediate impact. At September 30, 2022, the process of analyzing moratorium requests by OFG was still ongoing. Collateral-dependent Loans The table below presents the amortized cost of collateral-dependent loans held for investment at September 30, 2022 and December 31, 2021, by class of loans. September 30, 2022 December 31, 2021 (In thousands) Commercial secured by real estate $ 19,977 $ 10,233 PCD loans, except for single pooled loans, are not included in the table above as their unit of account is the loan pool. Credit Quality Indicators OFG categorizes its loans into loan grades based on relevant information about the ability of borrowers to service their debts, such as economic conditions, portfolio risk characteristics, prior loss experience, and the results of periodic credit reviews of individual loans. OFG uses the following definitions for loan grades: Pass: Loans classified as “pass” have a well-defined primary source of repayment very likely to be sufficient, with no apparent risk, strong financial position, minimal operating risk, profitability, liquidity and capitalization better than industry standards. Special Mention: Loans classified as “special mention” have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the institution’s credit position at some future date. Substandard: Loans classified as “substandard” are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. Doubtful: Loans classified as “doubtful” have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, questionable and improbable. Loss: Loans classified as “loss” are considered uncollectible and of such little value that their continuance as bankable assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer writing off this worthless loan even though partial recovery may be effected in the future. Loans not meeting the criteria above that are analyzed individually as part of the process described above are considered to be pass loans. As of September 30, 2022 and based on the most recent analysis performed, the risk category of loans subject to risk rating by class of loans is as follows. Term Loans Revolving Total 2022 2021 2020 2019 2018 Prior (In thousands) Commercial: Commercial secured by real estate: Loan grade: Pass $ 162,321 $ 180,951 $ 115,193 $ 139,513 $ 51,721 $ 176,926 $ 67,322 $ 893,947 Special Mention — — 5,887 1,407 2,769 12,527 185 22,775 Substandard 103 8,484 10,070 415 487 15,664 2,389 37,612 Doubtful — — — — — 16 412 428 Loss — — — — — — — — Total commercial secured by real estate 162,424 189,435 131,150 141,335 54,977 205,133 70,308 954,762 Other commercial and industrial: Loan grade: Pass 68,561 212,020 68,709 36,354 37,695 12,746 357,640 793,725 Special Mention 11 — 239 686 1,883 16 301 3,136 Substandard 119 — 167 502 470 89 1,987 3,334 Doubtful — — — — — — 42 42 Loss — — — — — — — — Total other commercial and industrial: 68,691 212,020 69,115 37,542 40,048 12,851 359,970 800,237 US commercial loans: Loan grade: Pass 55,907 89,720 55,553 36,857 52,415 — 305,650 596,102 Special Mention — — — — 4,449 — 10,000 14,449 Substandard 3,713 — 8,118 — — — — 11,831 Doubtful — — — — — — — — Loss — — — — — — — — Total US commercial loans: 59,620 89,720 63,671 36,857 56,864 — 315,650 622,382 Total commercial loans $ 290,735 $ 491,175 $ 263,936 $ 215,734 $ 151,889 $ 217,984 $ 745,928 $ 2,377,381 As of December 31, 2021 and based on the most recent analysis performed, the risk category of loans subject to risk rating by class of loans is as follows. Term Loans Revolving Total 2021 2020 2019 2018 2017 Prior (In thousands) Commercial: Commercial secured by real estate: Loan grade: Pass $ 183,820 $ 120,855 $ 114,208 $ 94,864 $ 52,439 $ 183,026 $ 45,178 $ 794,390 Special Mention 654 628 32,578 4,581 4,053 5,102 643 48,239 Substandard 8,415 10,694 58 849 1,357 17,555 1,671 40,599 Doubtful — — — — — 22 744 766 Loss — — — — — — — — Total commercial secured by real estate 192,889 132,177 146,844 100,294 57,849 205,705 48,236 883,994 Other commercial and industrial: Loan grade: Pass 276,165 93,809 45,976 57,989 6,106 6,004 330,072 816,121 Special Mention 78 23 8,076 2,213 3,525 — 13,642 27,557 Substandard 112 48 155 394 81 28 1,513 2,331 Doubtful — — — — — — 52 52 Loss — — — — — — — — Total other commercial and industrial: 276,355 93,880 54,207 60,596 9,712 6,032 345,279 846,061 US commercial loans: Loan grade: Pass 85,394 61,098 41,924 47,179 — — 171,928 407,523 Special Mention — — 1,515 19,095 — — — 20,610 Substandard — 7,156 — 9,651 — — — 16,807 Doubtful — — — — — — — — Loss — — — — — — — — Total US commercial loans: 85,394 68,254 43,439 75,925 — — 171,928 444,940 Total commercial loans $ 554,638 $ 294,311 $ 244,490 $ 236,815 $ 67,561 $ 211,737 $ 565,443 $ 2,174,995 At September 30, 2022 and December 31, 2021, the balance of revolving loans converted to term loans was $81.7 million and $37.5 million, respectively. OFG considers the performance of the loan portfolio and its impact on the allowance for credit losses. For mortgage and consumer loan classes, OFG also evaluates credit quality based on the aging status of the loan, which was previously presented, and by payment activity. The following table presents the amortized cost in mortgage and consumer loans based on payment activity as of September 30, 2022: Term Loans Revolving Revolving Loans Total 2022 2021 2020 2019 2018 Prior (In thousands) Mortgage: Payment performance: Performing $ 13,041 $ 24,837 $ 16,219 $ 14,827 $ 16,843 $ 560,842 $ — $ — $ 646,609 Nonperforming — — 121 853 363 31,885 — — 33,222 Total mortgage loans: 13,041 24,837 16,340 15,680 17,206 592,727 — — 679,831 Consumer: Personal loans: Payment performance: Performing 238,086 126,084 36,138 38,005 15,368 7,736 — — 461,417 Nonperforming 284 568 126 285 151 372 — — 1,786 Total personal loans 238,370 126,652 36,264 38,290 15,519 8,108 — — 463,203 Credit lines: Payment performance: Performing — — — — — — 13,026 — 13,026 Nonperforming — — — — — — 217 — 217 Total credit lines — — — — — — 13,243 — 13,243 Credit cards: Payment performance: Performing — — — — — — 42,661 — 42,661 Nonperforming — — — — — — 722 — 722 Total credit cards — — — — — — 43,383 — 43,383 Overdrafts: Payment performance: Performing — — — — — — 354 — 354 Nonperforming — — — — — — — — — Total overdrafts — — — — — — 354 — 354 Total consumer loans 238,370 126,652 36,264 38,290 15,519 8,108 56,980 — 520,183 Total mortgage and consumer loans $ 251,411 $ 151,489 $ 52,604 $ 53,970 $ 32,725 $ 600,835 $ 56,980 $ — $ 1,200,014 The following table presents the amortized cost in mortgage and consumer loans based on payment activity as of December 31, 2021: Term Loans Revolving Revolving Loans Total 2021 2020 2019 2018 2017 Prior (In thousands) Mortgage: Payment performance: Performing $ 18,486 $ 16,585 $ 15,461 $ 19,261 $ 24,872 $ 584,792 $ — $ — $ 679,457 Nonperforming — 126 129 510 1,830 36,796 — — 39,391 Total mortgage loans: 18,486 16,711 15,590 19,771 26,702 621,588 — — 718,848 Consumer: Personal loans: Payment performance: Performing 175,273 55,960 65,425 29,808 12,287 6,661 — — 345,414 Nonperforming 296 239 411 143 20 336 — — 1,445 Total personal loans 175,569 56,199 65,836 29,951 12,307 6,997 — — 346,859 Credit lines: Payment performance: Performing — — — — — — 14,549 — 14,549 Nonperforming — — — — — — 226 — 226 Total credit lines — — — — — — 14,775 — 14,775 Credit cards: Payment performance: Performing — — — — — — 46,163 — 46,163 Nonperforming — — — — — — 632 — 632 Total credit cards — — — — — — 46,795 — 46,795 Overdrafts: Payment performance: Performing — — — — — — 330 — 330 Nonperforming — — — — — — — — — Total overdrafts — — — — — — 330 — 330 Total consumer loans 175,569 56,199 65,836 29,951 12,307 6,997 61,900 — 408,759 Total mortgage and consumer loans $ 194,055 $ 72,910 $ 81,426 $ 49,722 $ 39,009 $ 628,585 $ 61,900 $ — $ 1,127,607 OFG evaluates credit quality for auto loans and leases based on FICO score. The following table presents the amortized cost in auto loans and leases based on their most recent FICO score as of September 30, 2022: Term Loans Total 2022 2021 2020 2019 2018 Prior (In thousands) Auto and leasing: FICO score: 1-660 126,997 148,620 76,944 63,527 48,968 38,074 503,130 661-699 127,491 111,173 47,351 34,110 24,027 16,409 360,561 700+ 271,094 243,399 154,951 148,825 99,791 60,452 978,512 No FICO 12,217 7,172 4,349 6,636 3,597 1,771 35,742 Total auto and leasing: $ 537,799 $ 510,364 $ 283,595 $ 253,098 $ 176,383 $ 116,706 $ 1,877,945 The following table presents the amortized cost in auto loans and leases based on their most recent FICO score as of December 31, 2021: Term Loans Total 2021 2020 2019 2018 2017 Prior (In thousands) Auto and leasing: FICO score: 1-660 161,534 90,402 80,745 65,681 38,001 23,171 459,534 661-699 134,507 68,422 48,173 33,854 16,761 10,534 312,251 700+ 245,148 180,737 184,307 133,098 63,229 38,474 844,993 No FICO 26,759 13,580 17,062 10,119 5,515 3,216 76,251 Total auto and leasing: $ 567,948 $ 353,141 $ 330,287 $ 242,752 $ 123,506 $ 75,395 $ 1,693,029 Upon adoption of CECL, OFG elected to maintain pools of loans that were previously accounted for under ASC 310-30 and will continue to account for these pools as a unit of account. As such, PCD loans are not included in the tables above.

ALLOWANCE FOR CREDIT LOSSES

ALLOWANCE FOR CREDIT LOSSES	9 Months Ended
ALLOWANCE FOR CREDIT LOSSES	Sep. 30, 2022
Credit Loss [Abstract]
ALLOWANCE FOR CREDIT LOSSES	ALLOWANCE FOR CREDIT LOSSES On January 1, 2020, OFG adopted the new accounting standard that requires the measurement of the allowance for credit losses to be based on management’s best estimate of lifetime expected credit losses inherent in OFG’s relevant financial assets. The allowance for credit losses (“ACL”) is estimated using quantitative methods that consider a variety of factors such as historical loss experience, the current credit quality of the portfolio as well as an economic outlook over the life of the loan. Also included in the ACL are qualitative reserves to cover losses that are expected but, in OFG’s assessment, may not be adequately represented in the quantitative methods or the economic assumptions. In its loss forecasting framework, OFG incorporates forward-looking information through the use of macroeconomic scenarios applied over the forecasted life of the assets. The scenarios that are chosen each quarter and the amount of weighting given to each scenario depend on a variety of factors including recent economic events, leading economic indicators, views of internal as well as third-party economists and industry trends. At September 30, 2022, OFG used an economic probability weighted scenario approach consisting of the baseline and moderate recession scenarios, giving more weight to the baseline scenario, except for the US loan segment that used the same level of probability in both economic scenarios. In addition, the ACL at September 30, 2022 continues to include qualitative reserves for certain segments that OFG views as higher risk that may not be fully recognized through its quantitative models, such as the evolution of risk ratings applied to the commercial loans and consumer retail portfolios. There are still many unknown variables including the results of the government fiscal and monetary actions resulting from the effect of inflation and geopolitical tension from the military conflict between Ukraine and Russia. Qualitative reserves for the quarter ended September 30, 2022 also includes $6.9 million for anticipated Hurricane Fiona-related losses. As of September 30, 2022, the allowance for credit losses decreased by $775 thousand when compared to December 31, 2021. The provision for credit losses for the nine-months period ended September 30, 2022 reflected a provision of $16.7 million related to the growth in loan balances, a provision of $8.9 million related to commercial-specific loan reserves due to certain commercial loans placed in non-accrual status, offset by a $8.6 million release associated with qualitative adjustment due to improvement in the performance of the portfolios and in Puerto Rico’s labor market, net of the $6.9 million provision for anticipated Hurricane Fiona-related losses, and a $1.6 million release for changes in the economic and loss rate models and other miscellaneous reserves. The net charge-offs for the nine-months period ended September 30, 2022, amounted to $16.5 million, a decrease of $806 thousand compared to the same period of 2021. The decrease is mainly due to a reduction of $7.2 million in mortgage loans, offset by increases of $4.4 million in auto loans and leases, $1.4 million in commercial loans and a $593 thousand in consumer loans. The following tables present the activity in OFG’s allowance for credit losses by segment for the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, 2022 Commercial Mortgage Consumer Auto and Leasing Total (In thousands) Non-PCD: Balance at beginning of period $ 42,014 $ 11,906 $ 23,109 $ 66,867 $ 143,896 Provision for (recapture of) credit losses 3,108 (1,741) 4,555 4,325 10,247 Charge-offs (6,485) (14) (4,163) (7,964) (18,626) Recoveries 214 280 732 5,674 6,900 Balance at end of period $ 38,851 $ 10,431 $ 24,233 $ 68,902 $ 142,417 PCD: Balance at beginning of period $ 2,427 $ 12,541 $ 20 $ 155 $ 15,143 (Recapture of) provision for credit losses (786) (1,735) (40) (216) (2,777) Charge-offs (23) (270) (9) (56) (358) Recoveries 268 191 47 231 737 Balance at end of period $ 1,886 $ 10,727 $ 18 $ 114 $ 12,745 Total allowance for credit losses at end of period $ 40,737 $ 21,158 $ 24,251 $ 69,016 $ 155,162 Nine-Month Period Ended September 30, 2022 Commercial Mortgage Consumer Auto and Leasing Total (In thousands) Non-PCD: Balance at beginning of period $ 32,262 $ 15,299 $ 19,141 $ 65,363 $ 132,065 Provision for (recapture of) credit losses 15,663 (7,281) 13,039 9,691 31,112 Charge-offs (9,936) (276) (10,129) (22,282) (42,623) Recoveries 862 2,689 2,182 16,130 21,863 Balance at end of period $ 38,851 $ 10,431 $ 24,233 $ 68,902 $ 142,417 PCD: Balance at beginning of period $ 4,508 $ 19,018 $ 34 $ 312 $ 23,872 Recapture of credit losses (6,105) (8,766) (43) (506) (15,420) Charge-offs (57) (1,587) (56) (245) (1,945) Recoveries 3,540 2,062 83 553 6,238 Balance at end of period $ 1,886 $ 10,727 $ 18 $ 114 $ 12,745 Total allowance for credit losses at end of period $ 40,737 $ 21,158 $ 24,251 $ 69,016 $ 155,162 Total commercial charge-offs for the quarter and nine-months period ended September 30, 2022 included $6.6 million charge-offs, of which $5.5 million were previously reserved for two commercial loans, one of which was subsequently sold on October 7, 2022. In addition, total commercial charge-offs for the nine-months period ended September 30, 2022 also included a $2.5 million charge-off from a previously reserved commercial loan sold during the second quarter of 2022. Total recoveries for the nine-months period ended September 30, 2022 included a $2.8 million recovery from a Puerto Rico government public corporation PCD commercial loan repaid during the first quarter of 2022 and $1.1 million recoveries associated with the final settlement of the past due mortgage loans transferred to held for sale during the fourth quarter of 2021 and subsequently sold during the first quarter of 2022. Quarter Ended September 30, 2021 Commercial Mortgage Consumer Auto and Leasing Total (In thousands) Non-PCD: Balance at beginning of period $ 43,523 $ 16,368 $ 19,065 $ 69,358 $ 148,314 (Recapture of) provision for credit losses (3,323) 240 259 676 (2,148) Charge-offs (7,518) (160) (2,370) (4,989) (15,037) Recoveries 558 419 894 5,874 7,745 Balance at end of period $ 33,240 $ 16,867 $ 17,848 $ 70,919 $ 138,874 PCD: Balance at beginning of period $ 12,756 $ 30,108 $ 38 $ 501 $ 43,403 (Recapture of) provision for credit losses (2,838) 649 (220) (237) (2,646) Charge-offs (68) (1,008) — (124) (1,200) Recoveries 1,316 641 219 265 2,441 Balance at end of period $ 11,166 $ 30,390 $ 37 $ 405 $ 41,998 Total allowance for credit losses at end of period $ 44,406 $ 47,257 $ 17,885 $ 71,324 $ 180,872 Nine-Month Period Ended September 30, 2021 Commercial Mortgage Consumer Auto and Leasing Total (In thousands) Non-PCD: Balance at beginning of period $ 45,779 $ 19,687 $ 25,253 $ 70,296 $ 161,015 (Recapture of) provision for credit losses (6,284) (2,831) 174 2,177 (6,764) Charge-offs (8,238) (1,216) (9,736) (19,242) (38,432) Recoveries 1,983 1,227 2,157 17,688 23,055 Balance at end of period $ 33,240 $ 16,867 $ 17,848 $ 70,919 $ 138,874 PCD: Balance at beginning of period $ 16,405 $ 26,389 $ 57 $ 943 $ 43,794 (Recapture of) provision for credit losses (7,304) 8,370 (272) (694) 100 Charge-offs (118) (5,340) (22) (806) (6,286) Recoveries 2,183 971 274 962 4,390 Balance at end of period $ 11,166 $ 30,390 $ 37 $ 405 $ 41,998 Total allowance for credit losses at end of period $ 44,406 $ 47,257 $ 17,885 $ 71,324 $ 180,872 Total commercial charge-offs for the nine-months period ended September 30, 2021 included a $6.5 million charge-off for a previously reserved amount.

FORECLOSED REAL ESTATE

FORECLOSED REAL ESTATE	9 Months Ended
FORECLOSED REAL ESTATE	Sep. 30, 2022
Other Real Estate [Abstract]
FORECLOSED REAL ESTATE	FORECLOSED REAL ESTATE The following tables present the activity related to foreclosed real estate for the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands) Balance at beginning of period $ 15,061 $ 15,093 $ 15,039 $ 11,596 Additions 1,454 4,842 7,183 14,386 Sales (3,919) (5,978) (11,866) (11,499) Decline in value (322) (445) (736) (1,205) Other adjustments 2,287 392 4,941 626 Balance at end of period $ 14,561 $ 13,904 $ 14,561 $ 13,904 After Hurricane Fiona, management has evaluated the potential impact this event brought to OFG’s foreclosed real estate. Oriental has performed property inspections and taking into consideration all available information, the fair value of these properties was not materially impacted.

SERVICING ASSETS

SERVICING ASSETS	9 Months Ended
SERVICING ASSETS	Sep. 30, 2022
Transfers and Servicing [Abstract]
SERVICING ASSETS	SERVICING ASSETS At September 30, 2022, the fair value of mortgage servicing rights was $50.1 million ($49.0 million — December 31, 2021). The following table presents the changes in servicing rights measured using the fair value method for the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands) Fair value at beginning of period $ 49,280 $ 47,712 $ 48,973 $ 47,295 Servicing from mortgage securitization or asset transfers 666 1,339 2,935 4,782 Changes due to payments on loans (1,191) (1,740) (4,168) (5,109) Changes in fair value due to changes in valuation model inputs or assumptions 1,306 916 2,321 1,259 Fair value at end of period $ 50,061 $ 48,227 $ 50,061 $ 48,227 The following table presents key economic assumption ranges used in measuring the mortgage-related servicing asset fair value as of September 30, 2022 and 2021: Nine-Month Period Ended September 30, 2022 2021 Constant prepayment rate 3.38% - 20.36% 4.37% - 21.09% Discount rate 10.00% - 15.50% 10.00% - 15.50% The sensitivity of the current fair value of servicing assets to immediate 10 percent and 20 percent adverse changes in the above key assumptions were as follows: September 30, 2022 December 31, 2021 (In thousands) Mortgage-related servicing asset Carrying value of mortgage servicing asset $ 50,061 $ 48,973 Weighted average life (in years) 7.8 7.8 Constant prepayment rate Decrease in fair value due to 10% adverse change $ (933) $ (1,020) Decrease in fair value due to 20% adverse change $ (1,837) $ (2,004) Discount rate Decrease in fair value due to 10% adverse change $ (2,247) $ (2,175) Decrease in fair value due to 20% adverse change $ (4,320) $ (4,183) These sensitivities are hypothetical and should be used with caution. As the figures indicate, changes in fair value based on a 10% variation in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear. Also, in this table, the effect of a variation in a particular assumption on the fair value of the retained interest is calculated without changing any other assumption. Changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which may magnify or offset the sensitivities. Mortgage banking activities, a component of total banking and financial service revenue in the consolidated statements of operations, include the changes from period to period in the fair value of the mortgage loan servicing rights, which may result from changes in the valuation model inputs or assumptions (principally reflecting changes in discount rates and prepayment speed assumptions) and other changes, including changes due to collection/realization of expected cash flows. Servicing fee income is based on a contractual percentage of the outstanding principal balance and is recorded as income when earned. Servicing fees on mortgage loans for the quarters ended September 30, 2022 and 2021 totaled $5.1 million and $5.4 million, respectively. Servicing fees on mortgage loans for the nine-month periods ended September 30, 2022 and 2021 totaled $15.3 million and $15.9 million, respectively.

DERIVATIVES

DERIVATIVES	9 Months Ended
DERIVATIVES	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	DERIVATIVES OFG’s overall interest rate risk-management strategy incorporates the use of derivative instruments to minimize significant unplanned fluctuations in earnings that are caused by interest rate volatility. Derivative instruments that are used as part of OFG’s interest rate risk-management strategy include interest rate swaps and caps. As of September 30, 2022 and December 31, 2021, the notional amount of derivative contracts outstanding was $27.1 million and $28.5 million respectively. The gross fair value of derivative asset was $438 thousand and $1 thousand, respectively, and the gross fair value of derivatives liabilities was $28 thousand and $804 thousand, respectively. The impact of master netting agreements was not material. As of September 30, 2022 and December 31, 2021, derivative and hedging activities were not material.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	GOODWILL AND OTHER INTANGIBLE ASSETS As of September 30, 2022 and December 31, 2021, OFG had $86.1 million of goodwill allocated as follows: $84.1 million to the banking segment and $2.0 million to the wealth management segment (refer to Note 24 – Business Segments for the definition of OFG’s reportable business segments). There were no changes in the carrying amount of goodwill as of September 30, 2022 and December 31, 2021. Relevant events and circumstances for evaluating whether it is more likely than not that the fair value of a reporting segment is less than its carrying amount may include macroeconomic conditions (such as deterioration of the Puerto Rico economy or the liquidity for Puerto Rico securities or loans secured by assets in Puerto Rico), adverse changes in legal factors or in the business climate, adverse actions by a regulator, unanticipated competition, the loss of key employees, natural disasters, or similar events. OFG performed its annual impairment review of goodwill during the fourth quarter of 2021 using October 31, 2021 as the annual evaluation date and concluded that there was no impairment at December 31, 2021. During the nine-month period ended September 30, 2022, OFG performed an assessment of events or circumstances that could trigger reductions in the book value of the goodwill. Based on this assessment, no impairments were identified at September 30, 2022. The following table reflects the components of other intangible assets subject to amortization at September 30, 2022 and December 31, 2021: Gross Accumulated Net (In thousands) September 30, 2022 Core deposit intangibles $ 49,980 $ 27,265 $ 22,715 Customer relationship intangibles 12,693 5,770 6,923 Other intangibles 567 543 24 Total other intangible assets $ 63,240 $ 33,578 $ 29,662 December 31, 2021 Core deposit intangibles $ 51,402 $ 23,772 $ 27,630 Customer relationship intangibles 17,753 9,385 8,368 Other intangibles 567 472 95 Total other intangible assets $ 69,722 $ 33,629 $ 36,093 In connection with previous acquisitions, OFG recorded a core deposit intangible representing the value of checking and savings deposits acquired. In addition, OFG recorded a customer relationship intangible representing the value of customer relationships acquired with the acquisitions of a securities broker-dealer and insurance agencies. Other intangible assets have a definite useful life. Amortization of other intangible assets for the quarters ended September 30, 2022 and 2021 was $2.1 million and $2.5 million, respectively. Amortization of other intangible assets for the nine-month periods ended September 30, 2022 and 2021 was $6.4 million and $7.4 million, respectively. The following table presents the estimated amortization of other intangible assets for each of the following periods. Year Ending December 31, (In thousands) 2022 $ 8,501 2023 6,898 2024 5,913 2025 4,927 2026 3,942 Thereafter 5,912

ACCRUED INTEREST RECEIVABLE AND

ACCRUED INTEREST RECEIVABLE AND OTHER ASSETS	9 Months Ended
ACCRUED INTEREST RECEIVABLE AND OTHER ASSETS	Sep. 30, 2022
Accrued Interest Receivable and Other Assets [Abstract]
ACCRUED INTEREST RECEIVABLE AND OTHER ASSETS	ACCRUED INTEREST RECEIVABLE AND OTHER ASSETS Accrued interest receivable at September 30, 2022 and December 31, 2021 consists of the following: September 30, December 31, 2022 2021 (In thousands) Loans $ 53,825 $ 54,794 Investments 5,575 1,766 $ 59,400 $ 56,560 Accrued interest receivable on loans that participated in the Covid-19 deferral programs amounted to $21.9 million at September 30, 2022 (December 31, 2021 - $23.9 million), of which $20.8 million (December 31, 2021 - $21.5 million) corresponds to loans in current status. OFG estimates expected credit losses on accrued interest receivable for loans that participated in the Covid-19 deferral programs. An allowance has been established for loans with delinquency status in 30 to 89 days past due and is calculated by applying the corresponding loan projected loss factors to the accrued interest receivable balance. At September 30, 2022 and December 31, 2021, the allowance for credit losses for accrued interest receivable for loans that participated in the Covid-19 deferral programs amounted to $206 thousand and $161 thousand, respectively, and is included in accrued interest receivable in the statement of financial condition. Other assets at September 30, 2022 and December 31, 2021 consist of the following: September 30, December 31, 2022 2021 (In thousands) Prepaid expenses $ 69,742 $ 61,061 Other repossessed assets 3,307 1,945 Investment in Statutory Trust — 1,083 Accounts receivable and other assets 68,767 88,756 $ 141,816 $ 152,845 Prepaid expenses amounting to $69.7 million at September 30, 2022, include prepaid municipal, property and income taxes aggregating to $59.9 million. At December 31, 2021 prepaid expenses amounted to $61.1 million, including prepaid municipal, property and income taxes aggregating to $54.6 million. Other repossessed assets totaled $3.3 million and $1.9 million at September 30, 2022 and December 31, 2021, respectively, and consist of repossessed automobiles, which are recorded at their net realizable value.

DEPOSITS AND RELATED INTEREST

DEPOSITS AND RELATED INTEREST	9 Months Ended
DEPOSITS AND RELATED INTEREST	Sep. 30, 2022
Deposits and Related Interest [Abstract]
DEPOSITS AND RELATED INTEREST	DEPOSITS AND RELATED INTEREST Total deposits, including related accrued interest payable, as of September 30, 2022 and December 31, 2021 consist of the following: September 30, December 31, 2022 2021 (In thousands) Non-interest bearing demand deposits $ 2,672,064 $ 2,501,644 Interest-bearing savings and demand deposits 5,089,918 4,880,476 Retail certificates of deposit 902,432 1,007,577 Institutional certificates of deposit 179,337 202,050 Total core deposits 8,843,751 8,591,747 Brokered deposits 11,366 11,371 Total deposits $ 8,855,117 $ 8,603,118 At September 30, 2022 and December 31, 2021, the aggregate amount of uninsured deposits was $3.688 billion and $3.270 billion, respectively. The weighted average interest rate of OFG’s deposits was 0.36% and 0.49%, respectively, at September 30, 2022 and December 31, 2021. Interest expense for the quarters and nine-month periods ended September 30, 2022 and 2021 was as follows: Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands) Demand and savings deposits $ 6,299 $ 5,767 $ 16,376 $ 18,347 Certificates of deposit 1,688 2,924 5,596 12,828 $ 7,987 $ 8,691 $ 21,972 $ 31,175 At September 30, 2022 and December 31, 2021, time deposits in denominations of $250 thousand or higher, excluding accrued interest and unamortized discounts, amounted to $307.3 million and $360.8 million, respectively. At September 30, 2022 and December 31, 2021, total public fund deposits from various Puerto Rico government municipalities, agencies and corporations amounted to $342.8 million and $183.8 million, respectively. These public funds were collateralized with commercial loans and securities amounting to $359.5 million and $228.9 million at September 30, 2022 and December 31, 2021, respectively. Excluding accrued interest of approximately $456 thousand and $736 thousand, the scheduled maturities of certificates of deposit at September 30, 2022 and December 31, 2021 are as follows: September 30, 2022 Period-end amount Uninsured amount (In thousands) Within one year: Three months or less $ 197,350 $ 21,238 Over 3 months through 6 months 162,325 29,453 Over 6 months through 1 year 270,170 31,859 629,845 82,550 Over 1 through 2 years 229,057 37,371 Over 2 through 3 years 129,673 24,985 Over 3 through 4 years 61,276 12,489 Over 4 through 5 years 37,846 2,140 Over 5 years 4,982 3,750 $ 1,092,679 $ 163,285 December 31, 2021 Period-end amount Uninsured amount (In thousands) Within one year: Three months or less $ 252,513 25,003 Over 3 months through 6 months 147,400 12,113 Over 6 months through 1 year 239,830 45,280 639,743 82,396 Over 1 through 2 years 328,177 60,108 Over 2 through 3 years 114,403 18,578 Over 3 through 4 years 77,604 22,536 Over 4 through 5 years 58,918 8505 Over 5 years 1,417 — $ 1,220,262 $ 192,123 The tables of scheduled maturities of certificates of deposits above includes brokered-deposits and individual retirement accounts. The aggregate amount of overdrafts in demand deposit accounts that were reclassified to loans amounted to $521 thousand and $491 thousand as of September 30, 2022 and December 31, 2021, respectively.

BORROWINGS AND RELATED INTEREST

BORROWINGS AND RELATED INTEREST	9 Months Ended
BORROWINGS AND RELATED INTEREST	Sep. 30, 2022
Debt Disclosure [Abstract]
BORROWINGS AND RELATED INTEREST	BORROWINGS AND RELATED INTEREST Advances from the Federal Home Loan Bank of New York Advances are received from the FHLB under an agreement whereby OFG is required to maintain a minimum amount of qualifying collateral with a fair value of at least 110% of the outstanding advances. At September 30, 2022 and December 31, 2021, these advances were secured by mortgage and commercial loans amounting to $974.8 million and $949.0 million, respectively. Also, at September 30, 2022 and December 31, 2021, OFG had an additional borrowing capacity with the FHLB of $682.3 million and $697.3 million, respectively. At September 30, 2022 and December 31, 2021, the weighted average remaining maturity of FHLB’s advances was 1 and 3 days, respectively. The original term of the outstanding advance at September 30, 2022 is 1 month. The following table shows a summary of the advances and their terms, excluding accrued interest in the amount of $65 thousand and $8 thousand at September 30, 2022 and December 31, 2021, respectively: September 30, December 31, 2022 2021 (In thousands) Short-term fixed-rate advances from FHLB, with a weighted average interest rate of 2.85% (December 31, 2021 - 0.35%) $ 27,088 $ 28,480 Advances from FHLB mature as follows: September 30, December 31, 2022 2021 (In thousands) Under 90 days $ 27,088 $ 28,480 Subordinated Capital Notes In August 2003, the Statutory Trust II, a special purpose entity of OFG, was formed for the purpose of issuing trust redeemable preferred securities. In September 2003, $35.0 million of trust redeemable preferred securities were issued by the Statutory Trust II as part of a pooled underwriting transaction. The proceeds from this issuance were used by the Statutory Trust II to purchase a like amount of a floating rate junior subordinated deferrable interest debenture issued by OFG with a par value of $36.1 million. During the quarter ended March 31, 2022, OFG redeemed of all outstanding $36.1 million subordinated capital notes before maturity, and as a result, it wrote off $405 thousand in unamortized issuance costs, included as interest expense in the consolidated statements of operations. OFG also recorded a gain on early debt extinguishment of $42 thousand included in other non-interest income in the consolidated statements of operations. Prior to redemption, such subordinated capital notes carried an interest rate of 3.23% based on 3-month LIBOR plus 295 basis points and were schedule to mature on September 17, 2033. Following the redemption of the subordinated capital notes, the Statutory Trust II was dissolved.

INCOME TAXES

INCOME TAXES	9 Months Ended
INCOME TAXES	Sep. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Oriental is subject to the provisions of the Puerto Rico Internal Revenue Code of 2011, as amended (the “PR Code”). The PR Code imposes a maximum statutory corporate tax rate of 37.5%. OFG has operations in the U.S. through its wholly owned subsidiaries OPC, OFG Ventures, and OFG USA LLC (“OFG USA”), which is a direct subsidiary of the Bank, and has two branches in the USVI. The United States subsidiaries are subject to federal income taxes at the corporate level, while the USVI branches are subject to federal income taxes under a mirror system and a 10% surtax included in the maximum tax rate. OPC is subject to Florida state taxes, OFG USA is subject to North Carolina state taxes, and current investments in OFG Ventures are subject to state taxes in Missouri. In addition, during 2021, OFG incorporated in Grand Cayman, as a foreign wholly owned subsidiary, OFG Reinsurance. OFG Reinsurance is tax exempt in Grand Cayman. As of September 30, 2022 and December 31, 2021, OFG’s net deferred tax asset, net of a valuation allowance of $10.0 million and $9.6 million, respectively, amounted to $66.1 million and $99.1 million, respectively. The increase in valuation allowance of $322 thousand was mainly related to OFG’s operations at the holding company level. In assessing the realizability of the deferred tax asset, management considers whether it is more likely than not that some portion or the entire deferred tax asset will not be realized. The ultimate realization of the deferred tax asset is dependent upon the generation of future income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future income, and tax planning strategies in making this assessment. Based upon the assessment of positive and negative evidence, the level of historical taxable income, projections for future taxable income over the periods in which the deferred tax asset are deductible, and provisions of certain closing agreements, management believes it is more likely than not that OFG will realize the benefits of these deductible differences, net of the existing valuation allowances, at September 30, 2022. The amount of the deferred tax asset that is considered realizable could be reduced in the near term if there are changes in estimates of future taxable income. OFG maintained an effective tax rate (“ETR”) lower than the statutory rate for the nine-month periods ended September 30, 2022 and 2021 of 31.9% and 32.0%, respectively; mainly related to an increase in US Treasury securities and other exempt investments and a discrete tax windfall on stock options recognized during the period. The expected ETR for 2022 is 32.3%. OFG classifies unrecognized tax benefits in other liabilities. These gross unrecognized tax benefits would affect the ETR if realized. At September 30, 2022, the amount of unrecognized tax benefits was $849 thousand (December 31, 2021 - $798 thousand). Income tax expense for the quarters ended September 30, 2022 and 2021 was $20.6 million and $19.6 million, respectively. Income tax expense for the nine-month periods ended September 30, 2022 and 2021, was $56.1 million and $53.1 million, respectively.

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	9 Months Ended
REGULATORY CAPITAL REQUIREMENTS	Sep. 30, 2022
Capital Disclosure [Abstract]
REGULATORY CAPITAL REQUIREMENTS	REGULATORY CAPITAL REQUIREMENTS Regulatory Capital Requirements OFG (on a consolidated basis) and the Bank are subject to various regulatory capital requirements administered by federal and Puerto Rico banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on OFG’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, OFG and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. As of September 30, 2022 and December 31, 2021, OFG and the Bank met all capital adequacy requirements to which they are subject. As of September 30, 2022 and December 31, 2021, OFG and the Bank are “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized,” an institution must maintain minimum CET1 risk-based, Tier 1 risk-based, total risk-based, and Tier 1 leverage ratios as set forth in the tables presented below. OFG’s and the Bank’s actual capital amounts and ratios as of September 30, 2022 and December 31, 2021 are as follows: Actual Minimum Capital Minimum to be Well Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) OFG Bancorp Ratios As of September 30, 2022 Total capital to risk-weighted assets $ 1,088,584 14.63 % $ 781,251 10.50 % $ 744,048 10.00 % Tier 1 capital to risk-weighted assets $ 995,342 13.38 % $ 632,441 8.50 % $ 595,239 8.00 % Common equity tier 1 capital to risk-weighted assets $ 995,342 13.38 % $ 520,834 7.00 % $ 483,631 6.50 % Tier 1 capital to average total assets $ 995,342 9.82 % $ 405,324 4.00 % $ 506,655 5.00 % As of December 31, 2021 Total capital to risk-weighted assets $ 1,086,897 15.52 % $ 735,512 10.50 % $ 700,488 10.00 % Tier 1 capital to risk-weighted assets $ 999,284 14.27 % $ 595,414 8.50 % $ 560,390 8.00 % Common equity tier 1 capital to risk-weighted assets $ 964,284 13.77 % $ 490,341 7.00 % $ 455,317 6.50 % Tier 1 capital to average total assets $ 999,284 9.69 % $ 412,359 4.00 % $ 515,449 5.00 % Actual Minimum Capital Minimum to be Well Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) Bank Ratios As of September 30, 2022 Total capital to risk-weighted assets $ 1,018,214 13.77 % $ 776,492 10.50 % $ 739,517 10.00 % Tier 1 capital to risk-weighted assets $ 925,532 12.52 % $ 628,589 8.50 % $ 591,613 8.00 % Common equity tier 1 capital to risk-weighted assets $ 925,532 12.52 % $ 517,662 7.00 % $ 480,686 6.50 % Tier 1 capital to average total assets $ 925,532 9.19 % $ 402,755 4.00 % $ 503,443 5.00 % As of December 31, 2021 Total capital to risk-weighted assets $ 995,549 14.34 % $ 728,867 10.50 % $ 694,159 10.00 % Tier 1 capital to risk-weighted assets $ 908,717 13.09 % $ 590,035 8.50 % $ 555,327 8.00 % Common equity tier 1 capital to risk-weighted assets $ 908,717 13.09 % $ 485,911 7.00 % $ 451,203 6.50 % Tier 1 capital to average total assets $ 908,717 8.87 % $ 409,855 4.00 % $ 512,319 5.00 %

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
STOCKHOLDERS’ EQUITY	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS’ EQUITY Preferred Stock and Common Stock During the nine-month period ended September 30, 2021, OFG redeemed all of its outstanding $92.0 million (in the aggregate) Series A, Series B, and Series D preferred stock at a redemption price of $25.00 per share. As a result of such redemptions, OFG no longer has any outstanding preferred stock. At both September 30, 2022 and December 31, 2021, common stock amounted to $59.9 million. Additional Paid-in Capital Additional paid-in capital represents contributed capital in excess of par value of common stock, net of the costs of issuance. At both September 30, 2022 and December 31, 2021, accumulated common stock issuance costs charged against additional paid-in capital amounted to $13.6 million. Legal Surplus The Puerto Rico Banking Act requires that a minimum of 10% of the Bank’s net income for the year be transferred to a reserve fund until such fund (legal surplus) equals the total paid-in capital on common and preferred stock. At September 30, 2022 and December 31, 2021, the Bank’s legal surplus amounted to $129.4 million and $117.7 million, respectively. The amount transferred to the legal surplus account is not available for the payment of dividends to shareholders. Treasury Stock In January 2022, OFG announced the approval by the Board of Directors of a stock repurchase program to purchase $100 million of its outstanding shares of common stock. The shares of common stock repurchased are held by OFG as treasury shares. During the nine-month period ended September 30, 2022, OFG repurchased 2,351,868 shares for a total of $64.1 million at an average price of $27.26 per share. OFG did not repurchase any shares of its common stock during the nine-month period ended September 30, 2022, other than through its publicly announced stock repurchase program. During the nine-month period ended September 30, 2021, OFG repurchased 1,684,921 shares under the $50.0 million repurchase program approved at that time for a total of $40.2 million, at an average price of $23.83 per share. At September 30, 2022 the number of shares that may yet be purchased under the $100 million program is estimated at 1,428,166 and was calculated by dividing the remaining balance of $35.9 million by $25.13 (closing price of OFG’s common stock at September 30, 2022). The activity in connection with common shares held in treasury by OFG for the nine-month periods ended September 30, 2022 and 2021 is set forth below: Nine-Month Period Ended September 30, 2022 2021 Shares Dollar Shares Dollar (In thousands, except shares data) Beginning of period 10,248,882 $ 150,572 8,498,163 $ 102,949 Common shares used upon lapse of restricted stock units and options (278,788) (3,544) (275,086) (2,248) Common shares repurchased as part of the stock repurchase programs 2,351,868 64,110 1,684,921 40,161 End of period 12,321,962 $ 211,138 9,907,998 $ 140,862

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	9 Months Ended
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	Sep. 30, 2022
Equity [Abstract]
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME	ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME Accumulated other comprehensive (loss) income, net of income taxes, as of September 30, 2022 and December 31, 2021 consisted of: September 30, December 31, 2022 2021 (In thousands) Unrealized (loss) gain on securities available-for-sale which are not $ (122,242) $ 7,292 Income tax effect of unrealized loss (gain) on securities available-for-sale 18,097 (1,629) Net unrealized (loss) gain on securities available-for-sale which are not (104,145) 5,663 Unrealized gain (loss) on cash flow hedges 410 (804) Income tax effect of unrealized (gain) loss on cash flow hedges (154) 301 Net unrealized gain (loss) on cash flow hedges 256 (503) Accumulated other comprehensive (loss) income, net of income taxes $ (103,889) $ 5,160 The following table presents changes in accumulated other comprehensive (loss) income by component, net of taxes, for the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, 2022 Net unrealized Net unrealized Accumulated (In thousands) Beginning balance $ (49,606) $ 104 $ (49,502) Other comprehensive loss before reclassifications (54,541) (26) (54,567) Amounts reclassified out of accumulated other comprehensive loss 2 178 180 Other comprehensive (loss) income (54,539) 152 (54,387) Ending balance $ (104,145) $ 256 $ (103,889) Nine-Month Period Ended September 30, 2022 Net unrealized Net unrealized Accumulated (In thousands) Beginning balance $ 5,663 $ (503) $ 5,160 Other comprehensive (loss) income before reclassifications (109,814) 204 (109,610) Amounts reclassified out of accumulated other comprehensive (loss) income 6 555 561 Other comprehensive (loss) income (109,808) 759 (109,049) Ending balance $ (104,145) $ 256 $ (103,889) Quarter Ended September 30, 2021 Net unrealized Net unrealized Accumulated (In thousands) Beginning balance $ 8,408 $ (808) $ 7,600 Other comprehensive income (loss) before reclassifications 920 (352) 568 Amounts reclassified out of accumulated other comprehensive income 2 450 452 Other comprehensive income 922 98 1,020 Ending balance $ 9,330 $ (710) $ 8,620 Nine-Month Period Ended September 30, 2021 Net unrealized Net unrealized Accumulated (In thousands) Beginning balance $ 12,092 $ (1,070) $ 11,022 Other comprehensive (loss) income before reclassifications (2,767) (1,001) (3,768) Amounts reclassified out of accumulated other comprehensive income 5 1,361 1,366 Other comprehensive (loss) income (2,762) 360 (2,402) Ending balance $ 9,330 $ (710) $ 8,620 The following table presents reclassifications out of accumulated other comprehensive (loss) income for the quarters and nine-month periods ended September 30, 2022 and 2021: Amount reclassified out of accumulated other comprehensive (loss) income quarter ended September 30, Affected Line Item in 2022 2021 (In thousands) Cash flow hedges: Interest-rate contracts $ 178 $ 450 Net interest expense Available-for-sale securities: Tax effect from changes in tax rates 2 2 Income tax expense $ 180 $ 452 Amount reclassified out of accumulated other comprehensive (loss) income nine-month period ended September 30, Affected Line Item in 2022 2021 (In thousands) Cash flow hedges: Interest-rate contracts $ 555 $ 1,361 Net interest expense Available-for-sale securities: Tax effect from changes in tax rates 6 5 Income tax expense $ 561 $ 1,366

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
EARNINGS PER COMMON SHARE	Sep. 30, 2022
Earnings Per Share [Abstract]
EARNINGS PER COMMON SHARE	EARNINGS PER COMMON SHARE The calculation of earnings per common share for the quarters and nine-month periods ended September 30, 2022 and 2021 is as follows: Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands, except per share data) Net income $ 41,919 $ 41,671 $ 119,872 $ 112,871 Less: Dividends on preferred stock Non-convertible preferred stock (Series A, B, and D) — — — (1,255) Income available to common shareholders $ 41,919 $ 41,671 $ 119,872 $ 111,616 Average common shares outstanding 47,558 51,063 48,188 51,364 Effect of dilutive securities: Average potential common shares-options 368 453 406 384 Total weighted average common shares outstanding and equivalents 47,926 51,516 48,594 51,748 Earnings per common share - basic $ 0.88 $ 0.82 $ 2.49 $ 2.18 Earnings per common share - diluted $ 0.87 $ 0.81 $ 2.47 $ 2.15 For the quarters ended September 30, 2022 and 2021, OFG did not have weighted-average stock options with an anti-dilutive effect on earnings per share. For the nine-month periods ended September 30, 2022 and 2021, weighted-average stock options with an anti-dilutive effect on earnings per share not included in the calculation amounted to 1,070 and 3,075, respectively. During the quarter ended September 30, 2022, OFG increased its quarterly common stock cash dividend to $0.20 per share.

GUARANTEES

GUARANTEES	9 Months Ended
GUARANTEES	Sep. 30, 2022
Guarantees [Abstract]
GUARANTEES	GUARANTEES At September 30, 2022 and December 31, 2021, the notional amount of the obligations undertaken in issuing the guarantees under standby letters of credit represented a liability of $25.7 million and $25.2 million, respectively. OFG has a liability for residential mortgage loans sold subject to credit recourse pursuant to GNMA’s and FNMA’s residential mortgage loan sales and securitization programs. At September 30, 2022 and December 31, 2021, the unpaid principal balance of residential mortgage loans sold subject to credit recourse was $113.4 million and $121.8 million, respectively. The following table shows the changes in OFG’s liability for estimated losses from these credit recourse agreements, included in the consolidated statements of financial condition during the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands) Balance at beginning of period $ 174 $ 205 $ 294 $ 218 Net recoveries (charge-offs/terminations) (6) 86 (126) 73 Balance at end of period $ 168 $ 291 $ 168 $ 291 The estimated losses to be absorbed under the credit recourse arrangements were recorded as a liability when the credit recourse was assumed and are updated on a quarterly basis. The expected loss, which represents the amount expected to be lost on a given loan, considers the probability of default and loss severity. The probability of default represents the probability that a loan in good standing would become 120 days delinquent, in which case OFG is obligated to repurchase the loan. If a borrower defaults, pursuant to the credit recourse provided, OFG is required to repurchase the loan or reimburse the third-party investor for the incurred loss. The maximum potential amount of future payments that OFG would be required to make under the recourse arrangements is equivalent to the total outstanding balance of the residential mortgage loans serviced with recourse and interest, if applicable. During the quarters ended September 30, 2022 and 2021, OFG repurchased $119 thousand and $517 thousand, respectively, in mortgage loans subject to the credit recourse provisions referred above. During the nine-month periods ended September 30, 2022 and 2021, OFG repurchased $1.5 million and $2.4 million, respectively, in such mortgage loans. If a borrower defaults, OFG has rights to the underlying collateral securing the mortgage loan. OFG suffers losses on these mortgage loans when the proceeds from a foreclosure sale of the collateral property are less than the outstanding principal balance of the loan, any uncollected interest advanced, and the costs of holding and disposing the related property. At September 30, 2022, OFG’s liability for estimated credit losses related to loans sold with credit recourse amounted to $168 thousand (December 31, 2021– $294 thousand). When OFG sells or securitizes mortgage loans, it generally makes customary representations and warranties regarding the characteristics of the loans sold. OFG’s mortgage operations division groups conforming mortgage loans into pools which are exchanged for FNMA and GNMA mortgage-backed securities, which are generally sold to private investors, or are sold directly to FNMA or other private investors for cash. As required under such mortgage-backed securities programs, quality review procedures are performed by OFG to ensure that asset guideline qualifications are met. To the extent the loans do not meet specified characteristics, OFG may be required to repurchase such loans or indemnify for losses and bear any subsequent loss related to the loans. During the quarter ended September 30, 2022, OFG repurchased $5.0 million (September 30, 2021 – $8.8 million) of unpaid principal balance in mortgage loans, excluding mortgage loans subject to the credit recourse provisions referred above. During the nine-month period ended September 30, 2022, Oriental repurchased $20.3 million (September 30, 2021 – $31.4 million) of unpaid principal balance in mortgage loans, excluding mortgage loans subject to such credit recourse provision. At September 30, 2022 and December 31, 2021, OFG had a $1.6 million and a $3.4 million liability, respectively, for the estimated credit losses related to these loans. During the quarters ended September 30, 2022 and 2021, OFG recognized $6 thousand in gains and $85 thousand in losses, net of reserves, respectively, from the repurchase of residential mortgage loans sold subject to credit recourse, and $210 thousand and $728 thousand in losses, respectively, from the repurchase of residential mortgage loans as a result of breaches of customary representations and warranties. During the nine-month periods ended September 30, 2022 and 2021, Oriental recognized $127 thousand in gains and $153 thousand in losses, respectively, from the repurchase of residential mortgage loans sold subject to credit recourse, and $261 thousand and $3.5 million, respectively, in losses from the repurchase of residential mortgage loans as a result of breaches of customary representations and warranties. At September 30, 2022, OFG serviced $5.8 billion (December 31, 2021 - $5.7 billion) in mortgage loans for third parties. Servicing agreements relating to the mortgage-backed securities programs of FNMA and GNMA, and to mortgage loans sold or serviced to certain other investors, including the FHLMC, require OFG to advance funds to make scheduled payments of principal, interest, taxes and insurance, if such payments have not been received from the borrowers. OFG generally recovers funds advanced pursuant to these arrangements from the mortgage owner, from liquidation proceeds when the mortgage loan is foreclosed or, in the case of FHA/VA loans, under the applicable FHA and VA insurance and guarantees programs. However, in the meantime, OFG must absorb the cost of the funds it advances during the time the advance is outstanding. OFG must also bear the costs of attempting to collect on delinquent and defaulted mortgage loans. In addition, if a defaulted loan is not cured, the mortgage loan would be canceled as part of the foreclosure proceedings and OFG would not receive any future servicing income with respect to that loan. At September 30, 2022, the outstanding balance of funds advanced by OFG under such mortgage loan servicing agreements was approximately $10.4 million (December 31, 2021 - $12.9 million). To the extent the mortgage loans underlying OFG’s servicing portfolio experience increased delinquencies, OFG would be required to dedicate additional cash resources to comply with its obligation to advance funds as well as incur additional administrative costs related to increases in collection efforts.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Commitments In the normal course of business, OFG becomes a party to credit-related financial instruments with off-balance-sheet risk to meet the financing needs of its customers. These financial instruments include commitments to extend credit, standby and commercial letters of credit, and financial guarantees. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated statements of financial condition. The contract or notional amount of those instruments reflects the extent of OFG’s involvement in particular types of financial instruments. OFG’s exposure to credit losses in the event of nonperformance by the counterparty to the financial instrument for commitments to extend credit, including commitments under credit card arrangements, and commercial letters of credit is represented by the contractual notional amounts of those instruments, which do not necessarily represent the amounts potentially subject to risk. In addition, the measurement of the risks associated with these instruments is meaningful only when all related and offsetting transactions are identified. OFG uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Credit-related financial instruments at September 30, 2022 and December 31, 2021 were as follows: September 30, December 31, 2022 2021 (In thousands) Commitments to extend credit $ 1,369,459 $ 1,365,273 Commercial letters of credit 2,599 48,196 Commitments to extend credit represent agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. OFG evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if it is deemed necessary by OFG upon the extension of credit, is based on management’s credit evaluation of the counterparty. At September 30, 2022 and December 31, 2021, commitments to extend credit consisted mainly of undisbursed available amounts on commercial lines of credit, construction loans, and revolving credit card arrangements. Since many of the unused commitments are expected to expire unused or be only partially used, the total amount of these unused commitments does not necessarily represent future cash requirements. Commercial letters of credit are issued or confirmed to guarantee payment of customers’ payables or receivables in short-term international trade transactions. Generally, drafts will be drawn when the underlying transaction is consummated as intended. However, the short-term nature of this instrument serves to mitigate the risk associated with these contracts. The summary of instruments that are considered financial guarantees in accordance with the authoritative guidance related to guarantor’s accounting and disclosure requirements for guarantees, including indirect guarantees of indebtedness of others, at September 30, 2022 and December 31, 2021, is as follows: September 30, December 31, 2022 2021 (In thousands) Standby letters of credit and financial guarantees $ 25,670 $ 25,203 Loans sold with recourse 113,444 121,778 Standby letters of credit and financial guarantees are written conditional commitments issued by OFG to guarantee the payment and/or performance of a customer to a third party (“beneficiary”). If the customer fails to comply with the agreement, the beneficiary may draw on the standby letter of credit or financial guarantee as a remedy. The amount of credit risk involved in issuing letters of credit in the event of non-performance is the face amount of the letter of credit or financial guarantee. These guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions. The amount of collateral obtained, if it is deemed necessary by OFG upon extension of credit, is based on management’s credit evaluation of the customer. At September 30, 2022 and December 31, 2021, the allowance for credit losses for off-balance sheet credit exposures corresponding to commitments to extend credit and standby letters of credit amounted to $632 thousand and $1.0 million, respectively, and is included in other liabilities in the statement of financial condition. At September 30, 2022 and December 31, 2021, OFG maintained other non-credit commitments amounting to $21.7 million and $8.9 million, respectively, primarily for the acquisition of equity securities. In addition, as we continue to transform OFG with a focus on simplification and building a culture of excellence and customer service, we continue to invest in technology. Some of our technology investments are table stakes and required to continuously upgrade our systems. Others require us to focus our technology on investments that drive our strategy, namely digital, data analytics, cloud migration, cyber security, and our sales and service capabilities. At September 30, 2022 and December 31, 2021, OFG had commitments for capital expenditures in technology amounting to $7.9 million and $15.4 million, respectively. Contingencies OFG and its subsidiaries are defendants in a number of legal proceedings incidental to their business. In the ordinary course of business, OFG and its subsidiaries are also subject to governmental and regulatory examinations. Certain subsidiaries of OFG, including the Bank (and its subsidiary, Oriental International Bank Inc. (“OIB”), Oriental Financial Services, and Oriental Insurance, are subject to regulation by various U.S., Puerto Rico and other regulators. OFG seeks to resolve all arbitration, litigation and regulatory matters in the manner management believes is in the best interests of OFG and its shareholders, and contests allegations of liability or wrongdoing and, where applicable, the amount of damages or scope of any penalties or other relief sought as appropriate in each pending matter. In accordance with applicable accounting guidance, OFG establishes an accrued liability when those matters present loss contingencies that are both probable and estimable. In such cases, there may be an exposure to loss in excess of any amounts accrued. As a matter develops, OFG, in conjunction with any outside counsel handling the matter, evaluates on an ongoing basis whether such matter presents a loss contingency that is probable and estimable. Once the loss contingency is deemed to be both probable and estimable, OFG will establish an accrued liability and record a corresponding amount of expense. At September 30, 2022 and December 31, 2021, this accrued liability amounted to $3.0 million and $7.0 million, respectively. OFG continues to monitor the matter for further developments that could affect the amount of the accrued liability that has been previously established. Subject to the accounting and disclosure framework under the provisions of ASC 450, it is the opinion of OFG’s management, based on current knowledge and after taking into account its current legal accruals, that the eventual outcome of all matters would not be likely to have a material adverse effect on the consolidated statements of financial condition of OFG. Nonetheless, given the substantial or indeterminate amounts sought in certain of these matters, and the inherent unpredictability of such matters, an adverse outcome in certain of these matters could, from time to time, have a material adverse effect on OFG’s consolidated results of operations or cash flows in particular quarterly or annual periods. OFG has evaluated all arbitration, litigation and regulatory matters where the likelihood of a potential loss is deemed reasonably possible. OFG has determined that the estimate of the reasonably possible loss is not significant.

OPERATING LEASES

OPERATING LEASES	9 Months Ended
OPERATING LEASES	Sep. 30, 2022
Lessee Disclosure [Abstract]
OPERATING LEASES	OPERATING LEASES Substantially all leases in which OFG is the lessee are comprised of real estate property for branches, ATM locations, and office space with terms extending through 2038. OFG’s leases do not contain residual value guarantees or material variable lease payments. All leases are classified as operating leases and are included on the consolidated statements of financial condition as a right-of-use asset and a corresponding lease liability. OFG leases to others certain space in its principal offices for terms extending through 2024; all are operating leases. Operating Lease Cost Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 Statement of Operations (In thousands) Lease costs $ 5,188 $ 2,590 $ 7,851 $ 8,814 Occupancy and equipment Variable lease costs 873 348 1,157 1,336 Occupancy and equipment Short-term lease cost 448 414 730 560 Occupancy and equipment Lease income (128) (110) (181) (342) Occupancy and equipment Total lease cost $ 6,380 $ 3,242 $ 9,557 $ 10,368 Operating Lease Assets and Liabilities September 30, December 31, 2022 2021 Statement of Financial Condition Classification (In thousands) Right-of-use assets $ 26,192 $ 28,846 Operating lease right-of-use assets Lease Liabilities $ 28,114 $ 30,498 Operating leases liabilities September 30, 2022 (In thousands) Weighted-average remaining lease term 5.2 years Weighted-average discount rate 6.6 % Future minimum payments for operating leases with initial or remaining terms of one year or more as of September 30, 2022 were as follows: Minimum Rent As of September 30, 2022 (In thousands) 2022 $ 2,385 2023 8,936 2024 6,665 2025 4,729 2026 3,034 Thereafter 7,997 Total lease payments $ 33,745 Less imputed interest 5,631 Present value of lease liabilities $ 28,114

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS	Sep. 30, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS OFG follows the fair value measurement framework under U.S. Generally Accepted Accounting Principles (“GAAP”). Fair Value Measurement The fair value measurement framework defines fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This framework also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Money market investments The fair value of money market investments is based on the carrying amounts reflected in the consolidated statements of financial condition as these are reasonable estimates of fair value given the short-term nature of the instruments. Investment securities The fair value of investment securities is based on valuations obtained from an independent pricing provider, ICE Data Pricing (formerly known as IDC). ICE is a well-recognized pricing company and an established leader in financial information. Such securities are classified as Level 1 or Level 2 depending on the basis for determining fair value. OFG holds one security categorized as other debt that is classified as Level 3. The estimated fair value of this security is determined by using an adjusted third-party model to calculate the present value of projected future cash flows. The assumptions are highly uncertain and include primarily market discount rates and current spread. The assumptions used are drawn from similar securities that are actively traded in the market and have similar risk characteristics. The valuation is performed on a quarterly basis. Derivative instruments The fair value of the interest rate swaps is largely a function of the financial market’s expectations regarding the future direction of interest rates. Accordingly, current market values are not necessarily indicative of the future impact of derivative instruments on earnings. This will depend, for the most part, on the shape of the yield curve, the level of interest rates, as well as the expectations for rates in the future. The fair value of most of these derivative instruments is based on observable market parameters, which include discounting the instruments’ cash flows using the U.S. dollar LIBOR-based discount rates (or its fallback benchmark when applicable), and also applying yield curves that account for the industry sector and the credit rating of the counterparty and/or OFG. Certain other derivative instruments with limited market activity are valued using externally developed models that consider unobservable market parameters. Based on their valuation methodology, derivative instruments are classified as Level 2. Servicing assets Servicing assets do not trade in an active market with readily observable prices. Servicing assets are priced using a discounted cash flow model. The valuation model considers servicing fees, portfolio characteristics, prepayment assumptions, delinquency rates, late charges, other ancillary revenues, cost to service and other economic factors. Due to the unobservable nature of certain valuation inputs, the servicing rights are classified as Level 3. Foreclosed real estate Foreclosed real estate includes real estate properties securing residential mortgage and commercial loans. The fair value of foreclosed real estate may be determined using an external appraisal, broker price opinion or an internal valuation. These foreclosed assets are classified as Level 3 given certain internal adjustments that may be made to external appraisals. Other repossessed assets Other repossessed assets is mainly composed of repossessed automobiles. The fair value of the repossessed automobiles may be determined using internal valuation and an external appraisal. These repossessed assets are classified as Level 3 given certain internal adjustments that may be made to external appraisals. Assets and liabilities measured at fair value on a recurring and non-recurring basis are summarized below: September 30, 2022 Fair Value Measurements Level 1 Level 2 Level 3 Total (In thousands) Recurring fair value measurements: Investment securities available-for-sale $ 401,414 $ 1,076,596 $ 399 $ 1,478,409 Trading securities — 11 — 11 Money market investments 4,988 — — 4,988 Derivative assets — 438 — 438 Servicing assets — — 50,061 50,061 Derivative liabilities — (28) — (28) $ 406,402 $ 1,077,017 $ 50,460 $ 1,533,879 Non-recurring fair value measurements: Collateral dependent loans $ — $ — $ 19,977 $ 19,977 Foreclosed real estate — — 14,561 14,561 Other repossessed assets — — 3,307 3,307 $ — $ — $ 37,845 $ 37,845 December 31, 2021 Fair Value Measurements Level 1 Level 2 Level 3 Total (In thousands) Recurring fair value measurements: Investment securities available-for-sale $ 10,825 $ 498,358 $ 1,530 $ 510,713 Trading securities — 20 — 20 Money market investments 8,952 — — 8,952 Derivative assets — 1 — 1 Servicing assets — — 48,973 48,973 Derivative liabilities — (804) — (804) $ 19,777 $ 497,575 $ 50,503 $ 567,855 Non-recurring fair value measurements: Collateral dependent loans $ — $ — $ 10,233 $ 10,233 Foreclosed real estate — — 15,039 15,039 Other repossessed assets — — 1,945 1,945 $ — $ — $ 27,217 $ 27,217 The fair value information included in the tables above for non-recurring fair value measurements is not as of period end. Instead, it is as of the date that the fair value measurement was recorded during the periods ended September 30, 2022 and December 31, 2021, and excludes nonrecurring fair value measurements of assets no longer outstanding as of the reporting date. The tables below present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the quarters and nine-month periods ended September 30, 2022 and 2021: Level 3 Instruments Only Quarter Ended September 30, 2022 2021 Other debt securities available for sale Servicing Assets Total Other debt securities available for sale Servicing Assets Total (In thousands) Balance at beginning period $ 1,581 $ 49,280 $ 50,861 $ — $ 47,712 $ 47,712 New instruments acquired 376 666 1,042 — 1,339 1,339 Transfer from Level 2 — — — 1,500 — 1,500 Principal repayments and amortization — (1,191) (1,191) — (1,740) (1,740) Instrument converted to equity security (1,581) — (1,581) — — — Gains included in earnings — 1,306 1,306 — 916 916 Gains included in other comprehensive income 23 — 23 7 — 7 Balance at end of period $ 399 $ 50,061 $ 50,460 $ 1,507 $ 48,227 $ 49,734 Other debt securities available for sale Servicing Assets Total Other debt securities available for sale Servicing Assets Total Nine-Month Period Ended September 30, 2022 2021 (In thousands) Balance at beginning period $ 1,530 $ 48,973 $ 50,503 $ — $ 47,295 $ 47,295 New instruments acquired 376 2,935 3,311 — 4,782 $ 4,782 Transfer from Level 2 — — — 1,500 — $ 1,500 Principal repayments and amortization — (4,168) (4,168) — (5,109) $ (5,109) Instrument converted to equity security (1,581) — (1,581) — — $ — Gains included in earnings — 2,321 2,321 — 1,259 $ 1,259 Gains included in other comprehensive income 74 — 74 7 — $ 7 Balance at end of period $ 399 $ 50,061 $ 50,460 $ 1,507 $ 48,227 $ 49,734 There were no transfers out of Level 3 during the quarters and nine-month period ended September 30, 2022 and 2021. There were no transfers into Level 3 during the quarters ended September 30, 2022 and 2021 and nine-month period ended September 30, 2022. Servicing assets gains (losses) included in earnings during the quarters and nine-month periods ended September 30, 2022 and 2021 were included as mortgage servicing activities in the consolidated statements of operations. For more information on the qualitative information about Level 3 fair value measurements, see Note 8 – Servicing Assets. During the quarters and nine-month periods ended September 30, 2022 and 2021, there were purchases and sales of assets and liabilities measured at fair value on a recurring basis. The table below presents quantitative information for all assets and liabilities measured at fair value on a recurring and non-recurring basis using significant unobservable inputs (Level 3) at September 30, 2022: September 30, 2022 Fair Value Valuation Technique Unobservable Input Range Weighted Average (In thousands) Other debt securities available-for-sale $ 399 Cash flow valuation Credit Rating Baa1 - Baa3 Baa2 Probability of Default Rate 0.15% - 2.12% 0.15 % Recovery Rate 34.73 % 34.73 % Servicing assets $ 50,061 Cash flow valuation Constant prepayment rate 3.38% - 20.36% 5.69 % Discount rate 10.00% - 15.50% 11.45 % Collateral dependent loans $ 19,977 Fair value of property Appraised value less disposition costs 10.20% - 33.20% 17.16 % Foreclosed real estate $ 14,561 Fair value of property Appraised value less disposition costs 10.20% - 33.20% 11.71 % Other repossessed assets $ 3,307 Fair value of property Estimated net realizable value less disposition costs 22.00% - 80.00% 62.96 % Information about Sensitivity to Changes in Significant Unobservable Inputs Other debt security available for sale – The significant unobservable inputs used in the fair value measurement of one of OFG’s other debt securities is a discounted cash flow methodology (“DCF”). DCF is a valuation method that uses the concept of the time value of money. The methodology used the future cash flows discounted through a yield to obtain a net present value. Assumptions applied in the model are obtained from Moody’s Default Trends. Servicing assets – The significant unobservable inputs used in the fair value measurement of OFG’s servicing assets are constant prepayment rates and discount rates. Changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments), which may magnify or offset the sensitivities. Mortgage banking activities, a component of total banking and financial service revenue in the consolidated statements of operations, include the changes from period to period in the fair value of the mortgage loan servicing rights, which may result from changes in the valuation model inputs or assumptions (principally reflecting changes in discount rates and prepayment speed assumptions) and other changes, including changes due to collection/realization of expected cash flows. Fair Value of Financial Instruments The information about the estimated fair value of financial instruments required by GAAP is presented hereunder. The aggregate fair value amounts presented do not necessarily represent management’s estimate of the underlying value of OFG. The estimated fair value is subjective in nature, involves uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could affect these fair value estimates. The fair value estimates do not take into consideration the value of future business and the value of assets and liabilities that are not financial instruments. Other significant tangible and intangible assets that are not considered financial instruments are the value of long-term customer relationships of retail deposits, and premises and equipment. The estimated fair value and carrying value of OFG’s financial instruments at September 30, 2022 and December 31, 2021 is as follows: September 30, December 31, 2022 2021 Fair Carrying Fair Carrying (In thousands) Financial Assets: Level 1 Cash and cash equivalents $ 815,269 $ 815,269 $ 2,023,475 $ 2,023,475 Restricted cash $ 164 $ 164 $ 175 $ 175 Investment securities available-for-sale $ 401,414 $ 401,414 $ 10,825 $ 10,825 Level 2 Financial Assets: Trading securities $ 11 $ 11 $ 20 $ 20 Investment securities available-for-sale $ 1,076,596 $ 1,076,596 $ 498,358 $ 498,358 Investment securities held-to-maturity $ 471,718 $ 540,774 $ 363,653 $ 367,507 Federal Home Loan Bank (FHLB) stock $ 6,026 $ 6,026 $ 5,966 $ 5,966 Equity securities $ 17,346 $ 17,346 $ 11,612 $ 11,612 Derivative assets $ 438 $ 438 $ 1 $ 1 Financial Liabilities: Derivative liabilities $ 28 $ 28 $ 804 $ 804 Level 3 Financial Assets: Investment securities available for sale $ 399 $ 399 $ 1,530 $ 1,530 Total loans (including loans held-for-sale) $ 6,516,221 $ 6,591,028 $ 6,197,347 $ 6,329,311 Accrued interest receivable $ 59,400 $ 59,400 $ 56,560 $ 56,560 Servicing assets $ 50,061 $ 50,061 $ 48,973 $ 48,973 Accounts receivable and other assets $ 68,329 $ 68,329 $ 88,756 $ 88,756 Financial Liabilities: Deposits $ 8,846,913 $ 8,855,117 $ 8,614,073 $ 8,603,118 Advances from FHLB $ 27,152 $ 27,153 $ 28,480 $ 28,488 Other borrowings $ 110 $ 110 $ — $ — Subordinated capital notes $ — $ — $ 36,084 $ 36,083 Accrued expenses and other liabilities $ 124,545 $ 124,545 $ 96,240 $ 96,240 The following methods and assumptions were used to estimate the fair values of significant financial instruments at September 30, 2022 and December 31, 2021: • Cash and cash equivalents (including money market investments and time deposits with other banks), restricted cash, accrued interest receivable, accounts receivable and other assets, accrued expenses and other liabilities, and other borrowings have been valued at the carrying amounts reflected in the consolidated statements of financial condition as these are reasonable estimates of fair value given the short-term nature of the instruments. • Investments in FHLB stock are valued at their redemption value. • The fair value of investment securities, including trading securities, is based on quoted market prices, when available or prices provided from contracted pricing providers, or market prices provided by recognized broker-dealers. If listed prices or quotes are not available, fair value is based upon externally developed models that use both observable and unobservable inputs depending on the market activity of the instrument. Equity securities do not have readily available fair values and are measured at cost, less any impairment. The estimated fair value of the convertible note is determined by using an adjusted third-party cash flow valuation model to calculate the present value of projected future cash flows. The assumptions used which are highly uncertain and require a high degree of judgment, include primarily market discount rates, current spreads, duration, leverage, default, and loss rates. The assumptions used are drawn from a wide array of data sources, including the performance of the collateral underlying each deal. The valuation, which is obtained at least on a quarterly basis, is analyzed and its assumptions are evaluated and incorporated in either an internal-based valuation model, when deemed necessary, or compared to counterparties’ prices and agreed by management. • The fair value of servicing asset is estimated by using a cash flow valuation model which calculates the present value of estimated future net servicing cash flows, taking into consideration actual and expected loan prepayment rates, discount rates, servicing costs, and other economic factors, which are determined based on current market conditions. • The fair values of the derivative instruments, which include interest rate swaps and forward-settlement swaps, are based on the net discounted value of the contractual projected cash flows of both the pay-fixed receive-variable legs of the contracts. The projected cash flows are based on the forward yield curve and discounted using current estimated market rates. • The fair value of the loan portfolio (including loans held-for-sale and non-performing loans) is based on the exit market price, which is estimated by segregating by type, such as mortgage, commercial, consumer, auto and leasing. Each loan segment is further segmented into fixed and adjustable interest rates. The fair value is calculated by discounting contractual cash flows, adjusted for prepayment estimates (voluntary and involuntary), if any, using estimated current market discount rates that reflect the credit and interest rate risk inherent in the loan. • The fair value of demand deposits and savings accounts is the amount payable on demand at the reporting date. The fair value of fixed-maturity certificates of deposit is based on the discounted value of the contractual cash flows, using estimated current market discount rates for deposits of similar remaining maturities. • The fair value of long-term borrowings, which include advances from FHLB and subordinated capital notes is based on the discounted value of the contractual cash flows using current estimated market discount rates for borrowings with similar terms, remaining maturities and put dates.

BANKING AND FINANCIAL SERVICE R

BANKING AND FINANCIAL SERVICE REVENUES	9 Months Ended
BANKING AND FINANCIAL SERVICE REVENUES	Sep. 30, 2022
Banking and Thrift, Interest [Abstract]
BANKING AND FINANCIAL SERVICE REVENUES	BANKING AND FINANCIAL SERVICE REVENUES The following table presents the major categories of banking and financial service revenues for the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands) (In thousands) Banking service revenues: Checking accounts fees $ 2,332 $ 2,279 $ 6,702 $ 6,323 Savings accounts fees 332 297 937 846 Electronic banking fees 13,335 13,937 40,509 41,458 Credit life commissions 70 182 665 369 Branch service commissions 319 301 979 937 Servicing and other loan fees 621 995 2,427 2,480 International fees 217 215 702 520 Miscellaneous income (expense) 8 (6) 16 15 Total banking service revenues 17,234 18,200 52,937 52,948 Wealth management revenue: Insurance income 3,906 2,542 10,758 7,768 Broker fees 1,601 1,981 5,204 6,433 Trust fees 2,489 2,887 7,796 8,386 Retirement plan and administration fees 177 209 542 683 Total wealth management revenue 8,173 7,619 24,300 23,270 Mortgage banking activities: Net servicing fees 5,206 4,388 13,408 11,865 Net (loss) gains on sale of mortgage loans and valuation (116) 2,622 2,192 8,045 Other (199) (813) (124) (3,600) Total mortgage banking activities 4,891 6,197 15,476 16,310 Total banking and financial service revenues $ 30,298 $ 32,016 $ 92,713 $ 92,528 OFG recognizes the revenue from banking services, wealth management and mortgage banking based on the nature and timing of revenue streams from contracts with customers: Banking Service Revenues Service charges on checking and saving accounts as consumer periodic maintenance revenue is recognized once the service is rendered, while overdraft and late charges revenue are recorded after the contracted service has been provided. Electronic banking fees are credit and debit card processing services, use of the Bank’s ATMs by non-customers, debit card interchange income and service charges on deposit accounts. Revenue is recorded once the contracted service has been provided. Other income as credit life and branch service commissions, servicing and other loan fees, international fees, and miscellaneous income recognized as banking services revenue are out of the scope of ASC 606 – Revenue from Contracts with Customers. Wealth Management Revenue Insurance income from commissions and sale of annuities are recorded once the sale has been completed. Brokers fees consist of two categories: • Sales commissions generated by advisors for their clients’ purchases and sales of securities and other investment products, which are collected once the stand-alone transactions are completed at trade date or as earned, and managed account fees which are fees charged to advisors’ clients’ accounts on OFG’s corporate advisory platform. These revenues do not cover future services, as a result there is no need to allocate the amount received to any other service. • Fees for providing distribution services related to mutual funds, net of compensation paid to a service provider who provides such services, as well as trailer fees (also known as 12b-1 fees). These fees are considered variable and are recognized over time, as the uncertainty of the fees to be received is resolved as the net asset value of the mutual fund is determined and investor activity occurs. Fees do not cover future services, as a result there is no need to allocate the amount received to any other service. Trust fees are revenues related to fiduciary services provided to 401K retirement plans, an IRA trust, and retirement plans, which include investment management, payment of distributions, if any, safekeeping, custodial services of plan assets, servicing of Trust officers, on-going due diligence of the Trust, recordkeeping of transactions, and investment advisory services provided to a registered investment company. Fees are billed based on services contracted. Negotiated fees are detailed in the contract. Fees collected in advance, are amortized over the term of the contract. Fees are collected on a monthly basis once the administrative service has been completed. Monthly fee does not include future services. Retirement plan and administration fees are revenues related to the payment received from the clients of OPC for assistance with the planning, design and administration of retirement plans, acting as third-party administrator for such plans, and daily record keeping services of retirement plans. Fees are collected once the stand-alone transaction was completed at trade date. Fees do not cover future services, as a result there is no need to allocate the amount received to any other service. Mortgage Banking Activities Mortgage banking activities as servicing fees, gain on sale of mortgage loans and valuation, and other are out of the scope of ASC 606.

BUSINESS SEGMENTS

BUSINESS SEGMENTS	9 Months Ended
BUSINESS SEGMENTS	Sep. 30, 2022
Segment Reporting [Abstract]
BUSINESS SEGMENTS	BUSINESS SEGMENTS OFG segregates its businesses into the following major reportable segments of business: Banking, Wealth Management, and Treasury. Management established the reportable segments based on the internal reporting used to evaluate performance and to assess where to allocate resources. Other factors such as OFG’s organization, nature of its products, distribution channels and economic characteristics of the products were also considered in the determination of the reportable segments. OFG measures the performance of these reportable segments based on pre-established goals of different financial parameters such as net income, net interest income, loan production, and fees generated. OFG’s methodology for allocating non-interest expenses among segments is based on several factors such as revenue, employee headcount, occupied space, dedicated services or time, among others. These factors are reviewed on a periodical basis and may change if the conditions warrant. Banking includes the Bank’s branches and traditional banking products such as deposits and commercial, consumer, auto and mortgage loans. Mortgage banking activities are carried out by the Bank’s mortgage banking division, whose principal activity is to originate mortgage loans for OFG’s own portfolio. As part of its mortgage banking activities, OFG may sell loans directly into the secondary market or securitize conforming loans into mortgage-backed securities. Wealth Management is comprised of the Bank’s trust division, Oriental Financial Services, Oriental Insurance, OFG Reinsurance and OPC. The core operations of this segment are financial planning, money management and investment banking, securities brokerage services, investment advisory services, insurance, corporate and individual trust and retirement services, as well as retirement plan administration services. The Treasury segment encompasses all of OFG’s asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. Intersegment sales and transfers, if any, are accounted for as if the sales or transfers were to third parties, that is, at current market prices. Following are the results of operations and the selected financial information by operating segment for the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, 2022 Banking Wealth Treasury Total Major Eliminations Consolidated (In thousands) Interest income $ 117,939 $ 6 $ 18,829 $ 136,774 $ (2,099) $ 134,675 Interest expense (7,891) — (2,373) (10,264) 2,099 (8,165) Net interest income 110,048 6 16,456 126,510 — 126,510 Provision for credit losses 7,059 — 61 7,120 — 7,120 Non-interest income 22,310 8,310 — 30,620 — 30,620 Non-interest expenses (82,026) (4,635) (831) (87,492) — (87,492) Intersegment revenue 588 — — 588 (588) — Intersegment expenses — (412) (176) (588) 588 — Income before income taxes 43,861 3,269 15,388 62,518 — 62,518 Income tax expense 20,589 1 9 20,599 — 20,599 Net income $ 23,272 $ 3,268 $ 15,379 $ 41,919 $ — $ 41,919 Total assets $ 8,179,384 $ 27,839 $ 2,823,826 $ 11,031,049 $ (972,870) $ 10,058,179 Nine-Month Period Ended September 30, 2022 Banking Wealth Treasury Total Major Eliminations Consolidated (In thousands) Interest income $ 337,017 $ 16 $ 35,787 $ 372,820 $ (2,974) $ 369,846 Interest expense (21,796) — (4,226) (26,022) 2,974 (23,048) Net interest income 315,221 16 31,561 346,798 — 346,798 Provision for (recapture of) credit losses 15,403 — (41) 15,362 — 15,362 Non-interest income 73,662 24,724 50 98,436 — 98,436 Non-interest expenses (237,477) (14,015) (2,413) (253,905) — (253,905) Intersegment revenue 1,645 — — 1,645 (1,645) — Intersegment expenses — (1,131) (514) (1,645) 1,645 — Income before income taxes $ 137,648 $ 9,594 $ 28,725 $ 175,967 $ — $ 175,967 Income tax expense 56,067 1 27 56,095 — 56,095 Net income $ 81,581 $ 9,593 $ 28,698 $ 119,872 $ — $ 119,872 Total assets $ 8,179,384 $ 27,839 $ 2,823,826 $ 11,031,049 $ (972,870) $ 10,058,179 Quarter Ended September 30, 2021 Banking Wealth Treasury Total Major Eliminations Consolidated (In thousands) Interest income $ 108,475 $ 7 $ 3,653 $ 112,135 $ — $ 112,135 Interest expense (8,946) — (488) (9,434) — (9,434) Net interest income 99,529 7 3,165 102,701 — 102,701 Recapture of credit losses (4,815) — (182) (4,997) — (4,997) Non-interest income 24,352 8,079 90 32,521 — 32,521 Non-interest expenses (72,463) (5,245) (1,216) (78,924) — (78,924) Intersegment revenue 616 — — 616 (616) — Intersegment expenses — (318) (298) (616) 616 — Income before income taxes 56,849 2,523 1,923 61,295 — 61,295 Income tax expense 19,614 — 10 19,624 — 19,624 Net income $ 37,235 $ 2,523 $ 1,913 $ 41,671 $ — $ 41,671 Total assets $ 8,116,648 $ 24,581 $ 3,558,568 $ 11,699,797 $ (1,092,932) $ 10,606,865 Nine-Month Period Ended September 30, 2021 Banking Wealth Treasury Total Major Eliminations Consolidated (In thousands) Interest income $ 327,151 $ 25 $ 9,392 $ 336,568 $ — $ 336,568 Interest expense (31,794) — (1,624) (33,418) — (33,418) Net interest income 295,357 25 7,768 303,150 — 303,150 Recapture of credit losses (5,964) — (1,014) (6,978) — (6,978) Non-interest income 71,440 23,584 107 95,131 — 95,131 Non-interest expenses (222,960) (13,089) (3,217) (239,266) — (239,266) Intersegment revenue 1,714 — — 1,714 (1,714) — Intersegment expenses — (911) (803) (1,714) 1,714 — Income before income taxes $ 151,515 $ 9,609 $ 4,869 $ 165,993 $ — $ 165,993 Income tax expense 53,089 — 33 53,122 — 53,122 Net income $ 98,426 $ 9,609 $ 4,836 $ 112,871 $ — $ 112,871 Total assets $ 8,116,648 $ 24,581 $ 3,558,568 $ 11,699,797 $ (1,092,932) $ 10,606,865

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Policies)	Sep. 30, 2022
Accounting Policies [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations OFG is a publicly-owned financial holding company incorporated under the laws of the Commonwealth of Puerto Rico. OFG operates through various subsidiaries including, a commercial bank, Oriental Bank (the “Bank”), a securities broker-dealer and investment adviser, Oriental Financial Services LLC (“Oriental Financial Services”), an insurance agency, Oriental Insurance LLC (“Oriental Insurance”), a captive reinsurance company, OFG Reinsurance Ltd (“OFG Reinsurance”), a retirement plan administrator, Oriental Pension Consultants, Inc. (“OPC”), and OFG Ventures LLC (“OFG Ventures”), which holds certain equity investments. Through these subsidiaries and their respective divisions, OFG provides a wide range of banking and financial services such as commercial, consumer and mortgage lending, auto leasing and lending, financial planning, insurance sales, money management, investment banking and securities brokerage services, as well as corporate and individual trust services. Basis of Presentation The accompanying unaudited consolidated financial statements of OFG have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and in accordance with guidance provided by the Securities and Exchange Commission. Accordingly, these consolidated financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments considered necessary for a fair presentation of the financial position, results of operations and cash flows of OFG on a consolidated basis, and all such adjustments are of a normal recurring nature. The consolidated financial statements should be read in conjunction with the audited consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 (“2021 Form 10-K”). Operating results for nine-months period ended September 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022. The Company evaluated subsequent events through the filing date of its Quarterly Report on Form 10-Q with the SEC and has recorded or disclosed those material events or transactions as described within the accompanying consolidated financial statements and notes.
Recently Adopted Accounting Standards Updates and Accounting Standards Updated Not Yet Adopted	Recently Adopted Accounting Standards Updates Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. In August 2020, the FASB issued ASU 2020-06 to clarify the accounting for certain financial instruments with characteristics of liabilities and equity. The amendments in this update reduce the number of accounting models for convertible debt instruments and convertible preferred stock by removing the cash conversion model and the beneficial conversion feature model. Limiting the accounting models will result in fewer embedded conversion features being separately recognized from the host contract. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope exception from derivative accounting and (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. In addition, this ASU improves disclosure requirements for convertible instruments and earnings-per-share guidance. The ASU also revises the derivative scope exception guidance to reduce form-over-substance-based accounting conclusions driven by remote contingent events. The amendments in this update are effective for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years. OFG was not impacted by the adoption of this ASU since it does not hold these instruments. Accounting Standards Updated Not Yet Adopted Liabilities—Supplier Finance Programs. In September 2022, the FASB issued ASU 2022-04 to add Subtopic 405-50 to require disclosures about a buyer’s supplier finance program obligations. Instead of creating a prescriptive definition of a supplier finance program based on certain contractual terms, it describes supplier finance programs more generally with an indicator to help preparers identify the arrangements that require disclosure. The amendments in this update are effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years, except for the amendment on roll forward information, which is effective for fiscal years beginning after December 15, 2023. Entities are permitted to early adopt. OFG does not expect this ASU will have a material impact to its consolidated financial statements. Fair Value Measurements—Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions Disclosures. In June 2022, the FASB issued ASU 2022-03 to clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments also clarify that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction and requires certain disclosures for equity securities subject to contractual restrictions. The amendments in this update are effective for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. Entities are permitted to early adopt these amendments, including adoption in any interim period. The amendments should be applied prospectively with any adjustments from the adoption of the amendments recognized in earnings and disclosed on the date of adoption. Upon adoption of this ASU, OFG will consider this guidance for equity securities subject to contractual sale restrictions. Financial Instruments—Credit Losses Troubled Debt Restructurings and Vintage Disclosures. In March 2022, the FASB issued ASU 2022-02 to address the accounting guidance on troubled debt restructurings (“TDRs”) for creditors in ASC 310-402 and amend the guidance on vintage disclosures to require disclosure of current-period gross write-offs by year of origination. The ASU also updates the requirements related to accounting for credit losses under ASC 326 and adds enhanced disclosures for creditors with respect to loan refinancing and restructurings for borrowers experiencing financial difficulty. The amendments in this update are effective for fiscal years beginning after December 15, 2022, and interim periods within those fiscal years. Entities are permitted to early adopt these amendments, including adoption in any interim period, provided that the amendments are adopted as of the beginning of the annual reporting period that includes the interim period of adoption. In addition, entities are permitted to elect to early adopt the amendments related to TDR accounting and related disclosure enhancements separately from the amendments related to the vintage disclosures. OFG does not plan to early adopt and is currently evaluating the impact on its presentation and disclosures upon adoption of this standard. For other recently issued Accounting Standards Updates not yet effective, refer to Note 1 to the Consolidated Financial Statements included in the 2021 Form 10-K.

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
INVESTMENT SECURITIES (Tables)	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment Securities	The amortized cost, gross unrealized gains and losses, fair value, weighted average yield and contractual maturities of the securities owned by OFG at September 30, 2022 and December 31, 2021 were as follows: September 30, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Weighted Average Yield (In thousands) Available-for-sale Mortgage-backed securities FNMA and FHLMC certificates Due from 1 to 5 years $ 11,109 $ — $ 568 $ 10,541 1.76 % Due from 5 to 10 years 62,947 — 4,686 58,261 2.00 % Due after 10 years 772,928 — 74,119 698,809 2.82 % Total FNMA and FHLMC certificates 846,984 — 79,373 767,611 2.75 % GNMA Securities Due from 1 to 5 years 13,916 — 863 13,053 1.65 % Due from 5 to 10 years 25,877 19 1,949 23,947 2.06 % Due after 10 years 292,795 50 38,117 254,728 2.66 % Total GNMA certificates 332,588 69 40,929 291,728 2.57 % CMOs issued by US government-sponsored agencies Due from 1 to 5 years 15,602 — 727 14,875 1.78 % Due from 5 to 10 years 660 — 12 648 2.14 % Due after 10 years 992 — 16 976 5.06 % Total CMOs issued by US government-sponsored agencies 17,254 — 755 16,499 1.98 % Total mortgage-backed securities 1,196,826 69 121,057 1,075,838 2.69 % Investment securities US Treasury securities Due less than 1 year 402,678 — 1,264 401,414 3.15 % Other debt securities Due less than 1 year 500 — — 500 0.57 % Due from 1 to 5 years 647 23 13 657 5.31 % Total other debt securities 1,147 23 13 1,157 3.24 % Total investment securities 403,825 23 1,277 402,571 3.15 % Total securities available for sale $ 1,600,651 $ 92 $ 122,334 $ 1,478,409 2.80 % September 30, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Weighted Average Yield (In thousands) Held-to-maturity Mortgage-backed securities FNMA and FHLMC certificates Due after 10 years $ 343,549 $ — $ 66,089 $ 277,460 1.70 % Investment securities US Treasury securities Due from 1 to 5 years 197,225 — 2,967 194,258 3.36 % Total securities held-to-maturity $ 540,774 $ — $ 69,056 $ 471,718 2.30 % December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Weighted Average Yield (In thousands) Available-for-sale Mortgage-backed securities FNMA and FHLMC certificates Due from 5 to 10 years $ 90,560 2,502 $ — $ 93,062 1.94 % Due after 10 years 93,440 — 3,200 90,240 1.37 % Total FNMA and FHLMC certificates 184,000 2,502 3,200 183,302 1.65 % GNMA Securities Due from 1 to 5 years 10,536 233 1 10,768 1.66 % Due from 5 to 10 years 26,419 556 — 26,975 1.80 % Due after 10 years 244,106 6,927 198 250,835 2.40 % Total GNMA certificates 281,061 7,716 199 288,578 2.32 % CMOs issued by US government-sponsored agencies Due from 1 to 5 years 1,788 22 — 1,810 1.70 % Due from 5 to 10 years 20,705 299 — 21,004 1.81 % Due after 10 years 1,601 16 1 1,616 4.24 % Total CMOs issued by US government-sponsored agencies 24,094 337 1 24,430 1.96 % Total mortgage-backed securities 489,155 10,555 3,400 496,310 2.05 % Investment securities US Treasury securities Due less than 1 year 10,737 88 — 10,825 1.48 % Obligations of US government-sponsored agencies Due less than 1 year 1,182 1 — 1,183 1.40 % Other debt securities Due less than 1 year 500 — — 500 0.57 % Due from 1 to 5 years 1,847 48 — 1,895 5.43 % Total other debt securities 2,347 48 — 2,395 4.39 % Total investment securities 14,266 137 — 14,403 1.95 % Total securities available for sale $ 503,421 $ 10,692 $ 3,400 $ 510,713 2.05 % December 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Weighted Average Yield (In thousands) Held-to-maturity Mortgage-backed securities FNMA and FHLMC certificates Due after 10 years $ 367,507 $ — $ 3,854 $ 363,653 1.71 %
Schedule of Unrealized Gains and Losses by Category	The following table shows OFG’s gross unrealized losses and fair value of investment securities available-for-sale and held-to-maturity at September 30, 2022 and December 31, 2021, aggregated by investment category and the length of time that individual securities have been in a continuous unrealized loss position: September 30, 2022 12 months or more Amortized Unrealized Fair (In thousands) Securities available-for-sale FNMA and FHLMC certificates $ 87,852 $ 20,025 $ 67,827 GNMA certificates 567 99 468 $ 88,419 $ 20,124 $ 68,295 Held-to-maturity FNMA and FHLMC certificates $ 289,148 $ 56,444 $ 232,704 September 30, 2022 Less than 12 months Amortized Unrealized Fair (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies $ 17,254 $ 755 $ 16,499 FNMA and FHLMC certificates 759,122 59,348 699,774 GNMA certificates 330,091 40,830 289,261 US Treasury securities 402,678 1,264 401,414 Other debt securities 271 13 258 $ 1,509,416 $ 102,210 $ 1,407,206 Held-to-maturity FNMA and FHLMC certificates $ 54,401 $ 9,645 $ 44,756 US Treasury securities 197,225 2,967 194,258 $ 251,626 $ 12,612 $ 239,014 September 30, 2022 Total Amortized Unrealized Fair (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies $ 17,254 $ 755 $ 16,499 FNMA and FHLMC certificates 846,974 79,373 767,601 GNMA certificates 330,658 40,929 289,729 US Treasury securities 402,678 1,264 401,414 Other debt securities 271 13 258 $ 1,597,835 $ 122,334 $ 1,475,501 Held-to-maturity FNMA and FHLMC certificates $ 343,549 $ 66,089 $ 277,460 US Treasury securities 197,225 2,967 194,258 $ 540,774 $ 69,056 $ 471,718 December 31, 2021 Less than 12 months Amortized Unrealized Fair (In thousands) Securities available-for-sale CMOs issued by US Government-sponsored agencies $ 500 $ 1 $ 499 FNMA and FHLMC certificates 93,440 3,200 90,240 GNMA certificates 5,022 199 4,823 $ 98,962 $ 3,400 $ 95,562 Held-to-maturity FNMA and FHLMC certificates $ 367,507 $ 3,854 $ 363,653

LOANS (Tables)

LOANS (Tables)	9 Months Ended
LOANS (Tables)	Sep. 30, 2022
Receivables [Abstract]
Schedule of Loan Portfolio	The composition of the amortized cost basis of OFG’s loan portfolio at September 30, 2022 and December 31, 2021 was as follows: September 30, 2022 December 31, 2021 Non-PCD PCD Total Non-PCD PCD Total (In thousands) Commercial loans: Commercial secured by real estate $ 954,762 $ 142,065 $ 1,096,827 $ 883,994 $ 176,186 $ 1,060,180 Other commercial and industrial 786,155 20,222 806,377 759,172 28,149 787,321 Other commercial and industrial - Paycheck Protection Program (PPP Loans) 14,082 — 14,082 86,889 — 86,889 US commercial loans 622,382 — 622,382 444,940 — 444,940 2,377,381 162,287 2,539,668 2,174,995 204,335 2,379,330 Mortgage 679,831 1,059,448 1,739,279 718,848 1,188,423 1,907,271 Consumer: Personal loans 463,203 375 463,578 346,859 546 347,405 Credit lines 13,243 363 13,606 14,775 370 15,145 Credit cards 43,383 — 43,383 46,795 — 46,795 Overdraft 354 — 354 330 — 330 520,183 738 520,921 408,759 916 409,675 Auto and leasing 1,877,945 7,152 1,885,097 1,693,029 13,281 1,706,310 5,455,340 1,229,625 6,684,965 4,995,631 1,406,955 6,402,586 Allowance for credit losses (142,417) (12,745) (155,162) (132,065) (23,872) (155,937) Total loans held for investment, net 5,312,923 1,216,880 6,529,803 4,863,566 1,383,083 6,246,649 Mortgage loans held for sale 43,262 — 43,262 51,096 — 51,096 Other loans held for sale 17,963 — 17,963 31,566 — 31,566 Total loans held for sale 61,225 — 61,225 82,662 — 82,662 Total loans, net $ 5,374,148 $ 1,216,880 $ 6,591,028 $ 4,946,228 $ 1,383,083 $ 6,329,311
Schedule of Aging of Recorded Investment in Gross Loans	September 30, 2022 30-59 Days 60-89 Days 90+ Days Total Past Current Total Loans Loans 90+ (In thousands) Commercial Commercial secured by real estate $ 862 $ 9,509 $ 8,251 $ 18,622 $ 936,140 $ 954,762 $ — Other commercial and industrial 2,473 338 2,868 5,679 794,558 800,237 — US commercial loans 41 — — 41 622,341 622,382 — 3,376 9,847 11,119 24,342 2,353,039 2,377,381 — Mortgage 9,649 6,120 52,859 68,628 611,203 679,831 2,218 Consumer Personal loans 4,930 2,580 1,737 9,247 453,956 463,203 — Credit lines 342 117 217 676 12,567 13,243 — Credit cards 827 382 722 1,931 41,452 43,383 — Overdraft 101 1 — 102 252 354 — 6,200 3,080 2,676 11,956 508,227 520,183 — Auto and leasing 74,231 37,406 20,870 132,507 1,745,438 1,877,945 — Total loans $ 93,456 $ 56,453 $ 87,524 $ 237,433 $ 5,217,907 $ 5,455,340 $ 2,218 December 31, 2021 30-59 Day 60-89 Days 90+ Days Total Past Current Total Loans Loans 90+ (In thousands) Commercial Commercial secured by real estate $ 2,210 $ 102 $ 8,446 $ 10,758 $ 873,236 $ 883,994 $ — Other commercial and industrial 1,886 538 946 3,370 842,691 846,061 — US commercial loans — — — — 444,940 444,940 — 4,096 640 9,392 14,128 2,160,867 2,174,995 — Mortgage 8,704 7,855 43,468 60,027 658,821 718,848 2,346 Consumer Personal loans 2,382 1,131 1,116 4,629 342,230 346,859 — Credit lines 531 141 227 899 13,876 14,775 — Credit cards 610 336 631 1,577 45,218 46,795 — Overdraft 130 14 — 144 186 330 — 3,653 1,622 1,974 7,249 401,510 408,759 — Auto and leasing 60,038 30,234 13,461 103,733 1,589,296 1,693,029 — Total loans $ 76,491 $ 40,351 $ 68,295 $ 185,137 $ 4,810,494 $ 4,995,631 $ 2,346
Schedule of Investment in Loans on Non-Accrual Status	The following table presents the amortized cost basis of loans on nonaccrual status as of September 30, 2022 and December 31, 2021: September 30, 2022 December 31, 2021 Non-accrual with Allowance for Credit Loss Non-accrual with no Allowance for Credit Loss Total Non-accrual with Allowance for Credit Loss Non-accrual with no Allowance for Credit Loss Total (In thousands) Non-PCD: Commercial Commercial secured by real estate $ 14,677 $ 18,614 $ 33,291 $ 16,299 $ 19,538 $ 35,837 Other commercial and industrial 2,865 456 3,321 1,284 483 1,767 17,542 19,070 36,612 17,583 20,021 37,604 Mortgage 13,097 10,309 23,406 16,428 12,840 29,268 Consumer Personal loans 1,487 299 1,786 1,143 302 1,445 Personal lines of credit 217 — 217 226 — 226 Credit cards 722 — 722 632 — 632 2,426 299 2,725 2,001 302 2,303 Auto and leasing 20,868 2 20,870 19,827 2 19,829 Total $ 53,933 $ 29,680 $ 83,613 $ 55,839 $ 33,165 $ 89,004 PCD: Commercial Commercial secured by real estate $ 3,363 $ 6,345 $ 9,708 $ 5,205 $ 6,198 $ 11,403 Other commercial and industrial — 38 38 1,102 40 1,142 3,363 6,383 9,746 6,307 6,238 12,545 Mortgage 260 — 260 334 — 334 Total $ 3,623 $ 6,383 $ 10,006 $ 6,641 $ 6,238 $ 12,879 Total non-accrual loans $ 57,556 $ 36,063 $ 93,619 $ 62,480 $ 39,403 $ 101,883
Schedule of Troubled Debt Restructurings	The following table presents the troubled-debt restructurings in all loan portfolios as of September 30, 2022 and December 31, 2021. September 30, 2022 December 31, 2021 Accruing Non-accruing Total Related Allowance Accruing Non-accruing Total Related Allowance (In thousands) Commercial loans: Commercial secured by real estate $ 31,215 $ 13,589 $ 44,804 $ 233 $ 10,981 $ 14,444 $ 25,425 $ 202 Other commercial and industrial 2,403 373 2,776 43 2,785 473 3,258 41 US commercial loans 7,176 — 7,176 93 7,156 — 7,156 126 40,794 13,962 54,756 369 20,922 14,917 35,839 369 Mortgage 102,510 7,119 109,629 2,750 101,487 9,475 110,962 3,867 Consumer: Personal loans 2,144 49 2,193 93 3,275 139 3,414 159 Auto and leasing 84 — 84 3 203 8 211 11 Total loans $ 145,532 $ 21,130 $ 166,662 $ 3,215 $ 125,887 $ 24,539 $ 150,426 $ 4,406 The following tables present the troubled-debt restructurings by loan portfolios and modification type as of September 30, 2022 and December 31, 2021 : September 30, 2022 Reduction in interest rate Maturity or term extension Combination of reduction in interest rate and extension of maturity Forbearance Total (In thousands) Commercial loans: Commercial secured by real estate $ 7,921 $ 26,104 $ 7,673 $ 3,106 $ 44,804 Other commercial and industrial 801 1,472 483 20 2,776 US commercial loans 7,176 — — — 7,176 15,898 27,576 8,156 3,126 54,756 Mortgage 32,084 7,601 35,317 34,627 109,629 Consumer: Personal loans 943 191 920 139 2,193 Auto and leasing 41 — 22 21 84 Total loans $ 48,966 $ 35,368 $ 44,415 $ 37,913 $ 166,662 December 31, 2021 Reduction in interest rate Maturity or term extension Combination of reduction in interest rate and extension of maturity Forbearance Total (In thousands) Commercial loans: Commercial secured by real estate $ 8,461 $ 1,227 $ 12,401 $ 3,336 $ 25,425 Other commercial and industrial 723 1,985 522 28 3,258 US commercial loans 7,156 — — — 7,156 16,340 3,212 12,923 3,364 35,839 Mortgage 37,307 6,796 32,456 34,403 110,962 Consumer: Personal loans 1,496 287 1,430 201 3,414 Auto and leasing 74 — 28 109 211 Total loans $ 55,217 $ 10,295 $ 46,837 $ 38,077 $ 150,426 Loan modifications that are considered TDR loans completed during the quarters and nine-month periods ended September 30, 2022 and 2021 were as follows: Quarter Ended September 30, 2022 Number of contracts Pre-Modification Pre-Modification Pre-Modification Post-Modification Post-Modification Post-Modification (Dollars in thousands) Mortgage 10 $ 1,344 4.45 % 214 $ 1,447 3.67 % 292 Commercial 1 170 5.75 % 66 169 5.75 % 114 Consumer 1 40 10.70 % 72 40 10.95 % 60 Nine-Month Period Ended September 30, 2022 Number of contracts Pre-Modification Pre-Modification Pre-Modification Post-Modification Post-Modification Post-Modification (Dollars in thousands) Mortgage 82 $ 10,377 4.60 % 266 $ 10,918 3.64 % 341 Commercial 5 38,873 3.57 % 131 38,729 3.64 % 184 Consumer 3 62 13.72 % 75 62 10.95 % 67 Quarter Ended September 30, 2021 Number of contracts Pre-Modification Pre-Modification Pre-Modification Post-Modification Post-Modification Post-Modification (Dollars in thousands) Mortgage 40 5,691 4.52 % 349 5,845 3.52 % 350 Consumer 5 77 16.64 % 67 77 12.19 % 81 Auto and leasing 1 22 6.75 % 84 22 6.00 % 48 Nine-Month Period Ended September 30, 2021 Number of contracts Pre-Modification Pre-Modification Pre-Modification Post-Modification Post-Modification Post-Modification (Dollars in thousands) Mortgage 110 $ 14,352 4.29 % 321 $ 14,305 3.57 % 346 Commercial 3 1,176 4.72 % 157 1,085 5.95 % 60 Consumer 14 232 13.97 % 69 233 10.40 % 77 Auto and leasing 9 148 8.70 % 72 148 9.35 % 49 The following table presents troubled-debt restructurings for which there was a payment default during the twelve-month periods ended September 30, 2022 and 2021: Twelve-Month Period Ended September 30, 2022 2021 Number of Contracts Recorded Investment Number of Contracts Recorded Investment (Dollars in thousands) Mortgage 9 $ 1,087 23 $ 2,569 Consumer — $ — 2 $ 24
Schedule of the Amortized Cost of Collateral-Dependent Loans Held for Investment	The table below presents the amortized cost of collateral-dependent loans held for investment at September 30, 2022 and December 31, 2021, by class of loans. September 30, 2022 December 31, 2021 (In thousands) Commercial secured by real estate $ 19,977 $ 10,233
Schedule of Credit Quality Indicators of Loans	As of September 30, 2022 and based on the most recent analysis performed, the risk category of loans subject to risk rating by class of loans is as follows. Term Loans Revolving Total 2022 2021 2020 2019 2018 Prior (In thousands) Commercial: Commercial secured by real estate: Loan grade: Pass $ 162,321 $ 180,951 $ 115,193 $ 139,513 $ 51,721 $ 176,926 $ 67,322 $ 893,947 Special Mention — — 5,887 1,407 2,769 12,527 185 22,775 Substandard 103 8,484 10,070 415 487 15,664 2,389 37,612 Doubtful — — — — — 16 412 428 Loss — — — — — — — — Total commercial secured by real estate 162,424 189,435 131,150 141,335 54,977 205,133 70,308 954,762 Other commercial and industrial: Loan grade: Pass 68,561 212,020 68,709 36,354 37,695 12,746 357,640 793,725 Special Mention 11 — 239 686 1,883 16 301 3,136 Substandard 119 — 167 502 470 89 1,987 3,334 Doubtful — — — — — — 42 42 Loss — — — — — — — — Total other commercial and industrial: 68,691 212,020 69,115 37,542 40,048 12,851 359,970 800,237 US commercial loans: Loan grade: Pass 55,907 89,720 55,553 36,857 52,415 — 305,650 596,102 Special Mention — — — — 4,449 — 10,000 14,449 Substandard 3,713 — 8,118 — — — — 11,831 Doubtful — — — — — — — — Loss — — — — — — — — Total US commercial loans: 59,620 89,720 63,671 36,857 56,864 — 315,650 622,382 Total commercial loans $ 290,735 $ 491,175 $ 263,936 $ 215,734 $ 151,889 $ 217,984 $ 745,928 $ 2,377,381 As of December 31, 2021 and based on the most recent analysis performed, the risk category of loans subject to risk rating by class of loans is as follows. Term Loans Revolving Total 2021 2020 2019 2018 2017 Prior (In thousands) Commercial: Commercial secured by real estate: Loan grade: Pass $ 183,820 $ 120,855 $ 114,208 $ 94,864 $ 52,439 $ 183,026 $ 45,178 $ 794,390 Special Mention 654 628 32,578 4,581 4,053 5,102 643 48,239 Substandard 8,415 10,694 58 849 1,357 17,555 1,671 40,599 Doubtful — — — — — 22 744 766 Loss — — — — — — — — Total commercial secured by real estate 192,889 132,177 146,844 100,294 57,849 205,705 48,236 883,994 Other commercial and industrial: Loan grade: Pass 276,165 93,809 45,976 57,989 6,106 6,004 330,072 816,121 Special Mention 78 23 8,076 2,213 3,525 — 13,642 27,557 Substandard 112 48 155 394 81 28 1,513 2,331 Doubtful — — — — — — 52 52 Loss — — — — — — — — Total other commercial and industrial: 276,355 93,880 54,207 60,596 9,712 6,032 345,279 846,061 US commercial loans: Loan grade: Pass 85,394 61,098 41,924 47,179 — — 171,928 407,523 Special Mention — — 1,515 19,095 — — — 20,610 Substandard — 7,156 — 9,651 — — — 16,807 Doubtful — — — — — — — — Loss — — — — — — — — Total US commercial loans: 85,394 68,254 43,439 75,925 — — 171,928 444,940 Total commercial loans $ 554,638 $ 294,311 $ 244,490 $ 236,815 $ 67,561 $ 211,737 $ 565,443 $ 2,174,995 Term Loans Revolving Revolving Loans Total 2022 2021 2020 2019 2018 Prior (In thousands) Mortgage: Payment performance: Performing $ 13,041 $ 24,837 $ 16,219 $ 14,827 $ 16,843 $ 560,842 $ — $ — $ 646,609 Nonperforming — — 121 853 363 31,885 — — 33,222 Total mortgage loans: 13,041 24,837 16,340 15,680 17,206 592,727 — — 679,831 Consumer: Personal loans: Payment performance: Performing 238,086 126,084 36,138 38,005 15,368 7,736 — — 461,417 Nonperforming 284 568 126 285 151 372 — — 1,786 Total personal loans 238,370 126,652 36,264 38,290 15,519 8,108 — — 463,203 Credit lines: Payment performance: Performing — — — — — — 13,026 — 13,026 Nonperforming — — — — — — 217 — 217 Total credit lines — — — — — — 13,243 — 13,243 Credit cards: Payment performance: Performing — — — — — — 42,661 — 42,661 Nonperforming — — — — — — 722 — 722 Total credit cards — — — — — — 43,383 — 43,383 Overdrafts: Payment performance: Performing — — — — — — 354 — 354 Nonperforming — — — — — — — — — Total overdrafts — — — — — — 354 — 354 Total consumer loans 238,370 126,652 36,264 38,290 15,519 8,108 56,980 — 520,183 Total mortgage and consumer loans $ 251,411 $ 151,489 $ 52,604 $ 53,970 $ 32,725 $ 600,835 $ 56,980 $ — $ 1,200,014 The following table presents the amortized cost in mortgage and consumer loans based on payment activity as of December 31, 2021: Term Loans Revolving Revolving Loans Total 2021 2020 2019 2018 2017 Prior (In thousands) Mortgage: Payment performance: Performing $ 18,486 $ 16,585 $ 15,461 $ 19,261 $ 24,872 $ 584,792 $ — $ — $ 679,457 Nonperforming — 126 129 510 1,830 36,796 — — 39,391 Total mortgage loans: 18,486 16,711 15,590 19,771 26,702 621,588 — — 718,848 Consumer: Personal loans: Payment performance: Performing 175,273 55,960 65,425 29,808 12,287 6,661 — — 345,414 Nonperforming 296 239 411 143 20 336 — — 1,445 Total personal loans 175,569 56,199 65,836 29,951 12,307 6,997 — — 346,859 Credit lines: Payment performance: Performing — — — — — — 14,549 — 14,549 Nonperforming — — — — — — 226 — 226 Total credit lines — — — — — — 14,775 — 14,775 Credit cards: Payment performance: Performing — — — — — — 46,163 — 46,163 Nonperforming — — — — — — 632 — 632 Total credit cards — — — — — — 46,795 — 46,795 Overdrafts: Payment performance: Performing — — — — — — 330 — 330 Nonperforming — — — — — — — — — Total overdrafts — — — — — — 330 — 330 Total consumer loans 175,569 56,199 65,836 29,951 12,307 6,997 61,900 — 408,759 Total mortgage and consumer loans $ 194,055 $ 72,910 $ 81,426 $ 49,722 $ 39,009 $ 628,585 $ 61,900 $ — $ 1,127,607 Term Loans Total 2022 2021 2020 2019 2018 Prior (In thousands) Auto and leasing: FICO score: 1-660 126,997 148,620 76,944 63,527 48,968 38,074 503,130 661-699 127,491 111,173 47,351 34,110 24,027 16,409 360,561 700+ 271,094 243,399 154,951 148,825 99,791 60,452 978,512 No FICO 12,217 7,172 4,349 6,636 3,597 1,771 35,742 Total auto and leasing: $ 537,799 $ 510,364 $ 283,595 $ 253,098 $ 176,383 $ 116,706 $ 1,877,945 The following table presents the amortized cost in auto loans and leases based on their most recent FICO score as of December 31, 2021: Term Loans Total 2021 2020 2019 2018 2017 Prior (In thousands) Auto and leasing: FICO score: 1-660 161,534 90,402 80,745 65,681 38,001 23,171 459,534 661-699 134,507 68,422 48,173 33,854 16,761 10,534 312,251 700+ 245,148 180,737 184,307 133,098 63,229 38,474 844,993 No FICO 26,759 13,580 17,062 10,119 5,515 3,216 76,251 Total auto and leasing: $ 567,948 $ 353,141 $ 330,287 $ 242,752 $ 123,506 $ 75,395 $ 1,693,029

ALLOWANCE FOR CREDIT LOSSES (Ta

ALLOWANCE FOR CREDIT LOSSES (Tables)	9 Months Ended
ALLOWANCE FOR CREDIT LOSSES (Tables)	Sep. 30, 2022
Credit Loss [Abstract]
Schedule of Gross Loan and Allowance for Credit Losses	The following tables present the activity in OFG’s allowance for credit losses by segment for the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, 2022 Commercial Mortgage Consumer Auto and Leasing Total (In thousands) Non-PCD: Balance at beginning of period $ 42,014 $ 11,906 $ 23,109 $ 66,867 $ 143,896 Provision for (recapture of) credit losses 3,108 (1,741) 4,555 4,325 10,247 Charge-offs (6,485) (14) (4,163) (7,964) (18,626) Recoveries 214 280 732 5,674 6,900 Balance at end of period $ 38,851 $ 10,431 $ 24,233 $ 68,902 $ 142,417 PCD: Balance at beginning of period $ 2,427 $ 12,541 $ 20 $ 155 $ 15,143 (Recapture of) provision for credit losses (786) (1,735) (40) (216) (2,777) Charge-offs (23) (270) (9) (56) (358) Recoveries 268 191 47 231 737 Balance at end of period $ 1,886 $ 10,727 $ 18 $ 114 $ 12,745 Total allowance for credit losses at end of period $ 40,737 $ 21,158 $ 24,251 $ 69,016 $ 155,162 Nine-Month Period Ended September 30, 2022 Commercial Mortgage Consumer Auto and Leasing Total (In thousands) Non-PCD: Balance at beginning of period $ 32,262 $ 15,299 $ 19,141 $ 65,363 $ 132,065 Provision for (recapture of) credit losses 15,663 (7,281) 13,039 9,691 31,112 Charge-offs (9,936) (276) (10,129) (22,282) (42,623) Recoveries 862 2,689 2,182 16,130 21,863 Balance at end of period $ 38,851 $ 10,431 $ 24,233 $ 68,902 $ 142,417 PCD: Balance at beginning of period $ 4,508 $ 19,018 $ 34 $ 312 $ 23,872 Recapture of credit losses (6,105) (8,766) (43) (506) (15,420) Charge-offs (57) (1,587) (56) (245) (1,945) Recoveries 3,540 2,062 83 553 6,238 Balance at end of period $ 1,886 $ 10,727 $ 18 $ 114 $ 12,745 Total allowance for credit losses at end of period $ 40,737 $ 21,158 $ 24,251 $ 69,016 $ 155,162 Quarter Ended September 30, 2021 Commercial Mortgage Consumer Auto and Leasing Total (In thousands) Non-PCD: Balance at beginning of period $ 43,523 $ 16,368 $ 19,065 $ 69,358 $ 148,314 (Recapture of) provision for credit losses (3,323) 240 259 676 (2,148) Charge-offs (7,518) (160) (2,370) (4,989) (15,037) Recoveries 558 419 894 5,874 7,745 Balance at end of period $ 33,240 $ 16,867 $ 17,848 $ 70,919 $ 138,874 PCD: Balance at beginning of period $ 12,756 $ 30,108 $ 38 $ 501 $ 43,403 (Recapture of) provision for credit losses (2,838) 649 (220) (237) (2,646) Charge-offs (68) (1,008) — (124) (1,200) Recoveries 1,316 641 219 265 2,441 Balance at end of period $ 11,166 $ 30,390 $ 37 $ 405 $ 41,998 Total allowance for credit losses at end of period $ 44,406 $ 47,257 $ 17,885 $ 71,324 $ 180,872 Nine-Month Period Ended September 30, 2021 Commercial Mortgage Consumer Auto and Leasing Total (In thousands) Non-PCD: Balance at beginning of period $ 45,779 $ 19,687 $ 25,253 $ 70,296 $ 161,015 (Recapture of) provision for credit losses (6,284) (2,831) 174 2,177 (6,764) Charge-offs (8,238) (1,216) (9,736) (19,242) (38,432) Recoveries 1,983 1,227 2,157 17,688 23,055 Balance at end of period $ 33,240 $ 16,867 $ 17,848 $ 70,919 $ 138,874 PCD: Balance at beginning of period $ 16,405 $ 26,389 $ 57 $ 943 $ 43,794 (Recapture of) provision for credit losses (7,304) 8,370 (272) (694) 100 Charge-offs (118) (5,340) (22) (806) (6,286) Recoveries 2,183 971 274 962 4,390 Balance at end of period $ 11,166 $ 30,390 $ 37 $ 405 $ 41,998 Total allowance for credit losses at end of period $ 44,406 $ 47,257 $ 17,885 $ 71,324 $ 180,872

FORECLOSED REAL ESTATE (Tables)

FORECLOSED REAL ESTATE (Tables)	9 Months Ended
FORECLOSED REAL ESTATE (Tables)	Sep. 30, 2022
Other Real Estate [Abstract]
Schedule of Foreclosed Real Estate Rollforward	The following tables present the activity related to foreclosed real estate for the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands) Balance at beginning of period $ 15,061 $ 15,093 $ 15,039 $ 11,596 Additions 1,454 4,842 7,183 14,386 Sales (3,919) (5,978) (11,866) (11,499) Decline in value (322) (445) (736) (1,205) Other adjustments 2,287 392 4,941 626 Balance at end of period $ 14,561 $ 13,904 $ 14,561 $ 13,904

SERVICING ASSETS (Tables)

SERVICING ASSETS (Tables)	9 Months Ended
SERVICING ASSETS (Tables)	Sep. 30, 2022
Transfers and Servicing [Abstract]
Schedule of Changes in Serving Rights at Fair Value	The following table presents the changes in servicing rights measured using the fair value method for the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands) Fair value at beginning of period $ 49,280 $ 47,712 $ 48,973 $ 47,295 Servicing from mortgage securitization or asset transfers 666 1,339 2,935 4,782 Changes due to payments on loans (1,191) (1,740) (4,168) (5,109) Changes in fair value due to changes in valuation model inputs or assumptions 1,306 916 2,321 1,259 Fair value at end of period $ 50,061 $ 48,227 $ 50,061 $ 48,227
Schedule of Key Economic Assumptions	The following table presents key economic assumption ranges used in measuring the mortgage-related servicing asset fair value as of September 30, 2022 and 2021: Nine-Month Period Ended September 30, 2022 2021 Constant prepayment rate 3.38% - 20.36% 4.37% - 21.09% Discount rate 10.00% - 15.50% 10.00% - 15.50%
Schedule of Sensitivity of Current Fair Value of Servicing Assets	The sensitivity of the current fair value of servicing assets to immediate 10 percent and 20 percent adverse changes in the above key assumptions were as follows: September 30, 2022 December 31, 2021 (In thousands) Mortgage-related servicing asset Carrying value of mortgage servicing asset $ 50,061 $ 48,973 Weighted average life (in years) 7.8 7.8 Constant prepayment rate Decrease in fair value due to 10% adverse change $ (933) $ (1,020) Decrease in fair value due to 20% adverse change $ (1,837) $ (2,004) Discount rate Decrease in fair value due to 10% adverse change $ (2,247) $ (2,175) Decrease in fair value due to 20% adverse change $ (4,320) $ (4,183)

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Core Deposit, Customer Relationship and Other Intangibles	The following table reflects the components of other intangible assets subject to amortization at September 30, 2022 and December 31, 2021: Gross Accumulated Net (In thousands) September 30, 2022 Core deposit intangibles $ 49,980 $ 27,265 $ 22,715 Customer relationship intangibles 12,693 5,770 6,923 Other intangibles 567 543 24 Total other intangible assets $ 63,240 $ 33,578 $ 29,662 December 31, 2021 Core deposit intangibles $ 51,402 $ 23,772 $ 27,630 Customer relationship intangibles 17,753 9,385 8,368 Other intangibles 567 472 95 Total other intangible assets $ 69,722 $ 33,629 $ 36,093
Schedule of Estimated Amortization of Other Intangible Assets	The following table presents the estimated amortization of other intangible assets for each of the following periods. Year Ending December 31, (In thousands) 2022 $ 8,501 2023 6,898 2024 5,913 2025 4,927 2026 3,942 Thereafter 5,912

ACCRUED INTEREST RECEIVABLE A_2

ACCRUED INTEREST RECEIVABLE AND OTHER ASSETS (Tables)	9 Months Ended
ACCRUED INTEREST RECEIVABLE AND OTHER ASSETS (Tables)	Sep. 30, 2022
Accrued Interest Receivable and Other Assets [Abstract]
Schedule of Accrued interest receivable	Accrued interest receivable at September 30, 2022 and December 31, 2021 consists of the following: September 30, December 31, 2022 2021 (In thousands) Loans $ 53,825 $ 54,794 Investments 5,575 1,766 $ 59,400 $ 56,560
Schedule of Other Assets	Other assets at September 30, 2022 and December 31, 2021 consist of the following: September 30, December 31, 2022 2021 (In thousands) Prepaid expenses $ 69,742 $ 61,061 Other repossessed assets 3,307 1,945 Investment in Statutory Trust — 1,083 Accounts receivable and other assets 68,767 88,756 $ 141,816 $ 152,845

DEPOSITS AND RELATED INTEREST (

DEPOSITS AND RELATED INTEREST (Tables)	9 Months Ended
DEPOSITS AND RELATED INTEREST (Tables)	Sep. 30, 2022
Deposits and Related Interest [Abstract]
Schedule of Deposits by Component	Total deposits, including related accrued interest payable, as of September 30, 2022 and December 31, 2021 consist of the following: September 30, December 31, 2022 2021 (In thousands) Non-interest bearing demand deposits $ 2,672,064 $ 2,501,644 Interest-bearing savings and demand deposits 5,089,918 4,880,476 Retail certificates of deposit 902,432 1,007,577 Institutional certificates of deposit 179,337 202,050 Total core deposits 8,843,751 8,591,747 Brokered deposits 11,366 11,371 Total deposits $ 8,855,117 $ 8,603,118
Schedule of Interest Expense	Interest expense for the quarters and nine-month periods ended September 30, 2022 and 2021 was as follows: Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands) Demand and savings deposits $ 6,299 $ 5,767 $ 16,376 $ 18,347 Certificates of deposit 1,688 2,924 5,596 12,828 $ 7,987 $ 8,691 $ 21,972 $ 31,175
Schedule of Maturities of Time Deposits	Excluding accrued interest of approximately $456 thousand and $736 thousand, the scheduled maturities of certificates of deposit at September 30, 2022 and December 31, 2021 are as follows: September 30, 2022 Period-end amount Uninsured amount (In thousands) Within one year: Three months or less $ 197,350 $ 21,238 Over 3 months through 6 months 162,325 29,453 Over 6 months through 1 year 270,170 31,859 629,845 82,550 Over 1 through 2 years 229,057 37,371 Over 2 through 3 years 129,673 24,985 Over 3 through 4 years 61,276 12,489 Over 4 through 5 years 37,846 2,140 Over 5 years 4,982 3,750 $ 1,092,679 $ 163,285 December 31, 2021 Period-end amount Uninsured amount (In thousands) Within one year: Three months or less $ 252,513 25,003 Over 3 months through 6 months 147,400 12,113 Over 6 months through 1 year 239,830 45,280 639,743 82,396 Over 1 through 2 years 328,177 60,108 Over 2 through 3 years 114,403 18,578 Over 3 through 4 years 77,604 22,536 Over 4 through 5 years 58,918 8505 Over 5 years 1,417 — $ 1,220,262 $ 192,123

BORROWINGS AND RELATED INTERE_2

BORROWINGS AND RELATED INTEREST (Tables)	9 Months Ended
BORROWINGS AND RELATED INTEREST (Tables)	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Federal Home Loan Bank Advances	The following table shows a summary of the advances and their terms, excluding accrued interest in the amount of $65 thousand and $8 thousand at September 30, 2022 and December 31, 2021, respectively: September 30, December 31, 2022 2021 (In thousands) Short-term fixed-rate advances from FHLB, with a weighted average interest rate of 2.85% (December 31, 2021 - 0.35%) $ 27,088 $ 28,480 Advances from FHLB mature as follows: September 30, December 31, 2022 2021 (In thousands) Under 90 days $ 27,088 $ 28,480

REGULATORY CAPITAL REQUIREMEN_2

REGULATORY CAPITAL REQUIREMENTS (Tables)	9 Months Ended
REGULATORY CAPITAL REQUIREMENTS (Tables)	Sep. 30, 2022
Capital Disclosure [Abstract]
Schedule of Compliance with Regulatory Capital Requirements Under Banking Regulations	OFG’s and the Bank’s actual capital amounts and ratios as of September 30, 2022 and December 31, 2021 are as follows: Actual Minimum Capital Minimum to be Well Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) OFG Bancorp Ratios As of September 30, 2022 Total capital to risk-weighted assets $ 1,088,584 14.63 % $ 781,251 10.50 % $ 744,048 10.00 % Tier 1 capital to risk-weighted assets $ 995,342 13.38 % $ 632,441 8.50 % $ 595,239 8.00 % Common equity tier 1 capital to risk-weighted assets $ 995,342 13.38 % $ 520,834 7.00 % $ 483,631 6.50 % Tier 1 capital to average total assets $ 995,342 9.82 % $ 405,324 4.00 % $ 506,655 5.00 % As of December 31, 2021 Total capital to risk-weighted assets $ 1,086,897 15.52 % $ 735,512 10.50 % $ 700,488 10.00 % Tier 1 capital to risk-weighted assets $ 999,284 14.27 % $ 595,414 8.50 % $ 560,390 8.00 % Common equity tier 1 capital to risk-weighted assets $ 964,284 13.77 % $ 490,341 7.00 % $ 455,317 6.50 % Tier 1 capital to average total assets $ 999,284 9.69 % $ 412,359 4.00 % $ 515,449 5.00 % Actual Minimum Capital Minimum to be Well Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) Bank Ratios As of September 30, 2022 Total capital to risk-weighted assets $ 1,018,214 13.77 % $ 776,492 10.50 % $ 739,517 10.00 % Tier 1 capital to risk-weighted assets $ 925,532 12.52 % $ 628,589 8.50 % $ 591,613 8.00 % Common equity tier 1 capital to risk-weighted assets $ 925,532 12.52 % $ 517,662 7.00 % $ 480,686 6.50 % Tier 1 capital to average total assets $ 925,532 9.19 % $ 402,755 4.00 % $ 503,443 5.00 % As of December 31, 2021 Total capital to risk-weighted assets $ 995,549 14.34 % $ 728,867 10.50 % $ 694,159 10.00 % Tier 1 capital to risk-weighted assets $ 908,717 13.09 % $ 590,035 8.50 % $ 555,327 8.00 % Common equity tier 1 capital to risk-weighted assets $ 908,717 13.09 % $ 485,911 7.00 % $ 451,203 6.50 % Tier 1 capital to average total assets $ 908,717 8.87 % $ 409,855 4.00 % $ 512,319 5.00 %

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	9 Months Ended
STOCKHOLDERS’ EQUITY (Tables)	Sep. 30, 2022
Stockholders' Equity Note [Abstract]
Schedule of Activity of Common Shares Held in Treasury	The activity in connection with common shares held in treasury by OFG for the nine-month periods ended September 30, 2022 and 2021 is set forth below: Nine-Month Period Ended September 30, 2022 2021 Shares Dollar Shares Dollar (In thousands, except shares data) Beginning of period 10,248,882 $ 150,572 8,498,163 $ 102,949 Common shares used upon lapse of restricted stock units and options (278,788) (3,544) (275,086) (2,248) Common shares repurchased as part of the stock repurchase programs 2,351,868 64,110 1,684,921 40,161 End of period 12,321,962 $ 211,138 9,907,998 $ 140,862

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)	9 Months Ended
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)	Sep. 30, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	Accumulated other comprehensive (loss) income, net of income taxes, as of September 30, 2022 and December 31, 2021 consisted of: September 30, December 31, 2022 2021 (In thousands) Unrealized (loss) gain on securities available-for-sale which are not $ (122,242) $ 7,292 Income tax effect of unrealized loss (gain) on securities available-for-sale 18,097 (1,629) Net unrealized (loss) gain on securities available-for-sale which are not (104,145) 5,663 Unrealized gain (loss) on cash flow hedges 410 (804) Income tax effect of unrealized (gain) loss on cash flow hedges (154) 301 Net unrealized gain (loss) on cash flow hedges 256 (503) Accumulated other comprehensive (loss) income, net of income taxes $ (103,889) $ 5,160 The following table presents changes in accumulated other comprehensive (loss) income by component, net of taxes, for the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, 2022 Net unrealized Net unrealized Accumulated (In thousands) Beginning balance $ (49,606) $ 104 $ (49,502) Other comprehensive loss before reclassifications (54,541) (26) (54,567) Amounts reclassified out of accumulated other comprehensive loss 2 178 180 Other comprehensive (loss) income (54,539) 152 (54,387) Ending balance $ (104,145) $ 256 $ (103,889) Nine-Month Period Ended September 30, 2022 Net unrealized Net unrealized Accumulated (In thousands) Beginning balance $ 5,663 $ (503) $ 5,160 Other comprehensive (loss) income before reclassifications (109,814) 204 (109,610) Amounts reclassified out of accumulated other comprehensive (loss) income 6 555 561 Other comprehensive (loss) income (109,808) 759 (109,049) Ending balance $ (104,145) $ 256 $ (103,889) Quarter Ended September 30, 2021 Net unrealized Net unrealized Accumulated (In thousands) Beginning balance $ 8,408 $ (808) $ 7,600 Other comprehensive income (loss) before reclassifications 920 (352) 568 Amounts reclassified out of accumulated other comprehensive income 2 450 452 Other comprehensive income 922 98 1,020 Ending balance $ 9,330 $ (710) $ 8,620 Nine-Month Period Ended September 30, 2021 Net unrealized Net unrealized Accumulated (In thousands) Beginning balance $ 12,092 $ (1,070) $ 11,022 Other comprehensive (loss) income before reclassifications (2,767) (1,001) (3,768) Amounts reclassified out of accumulated other comprehensive income 5 1,361 1,366 Other comprehensive (loss) income (2,762) 360 (2,402) Ending balance $ 9,330 $ (710) $ 8,620
Schedule of Reclassifications Out of Other Comprehensive Income	The following table presents reclassifications out of accumulated other comprehensive (loss) income for the quarters and nine-month periods ended September 30, 2022 and 2021: Amount reclassified out of accumulated other comprehensive (loss) income quarter ended September 30, Affected Line Item in 2022 2021 (In thousands) Cash flow hedges: Interest-rate contracts $ 178 $ 450 Net interest expense Available-for-sale securities: Tax effect from changes in tax rates 2 2 Income tax expense $ 180 $ 452 Amount reclassified out of accumulated other comprehensive (loss) income nine-month period ended September 30, Affected Line Item in 2022 2021 (In thousands) Cash flow hedges: Interest-rate contracts $ 555 $ 1,361 Net interest expense Available-for-sale securities: Tax effect from changes in tax rates 6 5 Income tax expense $ 561 $ 1,366

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
EARNINGS PER COMMON SHARE (Tables)	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Common Share	The calculation of earnings per common share for the quarters and nine-month periods ended September 30, 2022 and 2021 is as follows: Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands, except per share data) Net income $ 41,919 $ 41,671 $ 119,872 $ 112,871 Less: Dividends on preferred stock Non-convertible preferred stock (Series A, B, and D) — — — (1,255) Income available to common shareholders $ 41,919 $ 41,671 $ 119,872 $ 111,616 Average common shares outstanding 47,558 51,063 48,188 51,364 Effect of dilutive securities: Average potential common shares-options 368 453 406 384 Total weighted average common shares outstanding and equivalents 47,926 51,516 48,594 51,748 Earnings per common share - basic $ 0.88 $ 0.82 $ 2.49 $ 2.18 Earnings per common share - diluted $ 0.87 $ 0.81 $ 2.47 $ 2.15

GUARANTEES (Tables)

GUARANTEES (Tables)	9 Months Ended
GUARANTEES (Tables)	Sep. 30, 2022
Guarantees [Abstract]
Schedule of Changes in Liability of Estimated Loss from Credit Recourse Agreement	The following table shows the changes in OFG’s liability for estimated losses from these credit recourse agreements, included in the consolidated statements of financial condition during the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands) Balance at beginning of period $ 174 $ 205 $ 294 $ 218 Net recoveries (charge-offs/terminations) (6) 86 (126) 73 Balance at end of period $ 168 $ 291 $ 168 $ 291

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Credit-Related Financial Instruments	Credit-related financial instruments at September 30, 2022 and December 31, 2021 were as follows: September 30, December 31, 2022 2021 (In thousands) Commitments to extend credit $ 1,369,459 $ 1,365,273 Commercial letters of credit 2,599 48,196 The summary of instruments that are considered financial guarantees in accordance with the authoritative guidance related to guarantor’s accounting and disclosure requirements for guarantees, including indirect guarantees of indebtedness of others, at September 30, 2022 and December 31, 2021, is as follows: September 30, December 31, 2022 2021 (In thousands) Standby letters of credit and financial guarantees $ 25,670 $ 25,203 Loans sold with recourse 113,444 121,778

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	9 Months Ended
OPERATING LEASES (Tables)	Sep. 30, 2022
Lessee Disclosure [Abstract]
Schedule of Operating Lease Cost	Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 Statement of Operations (In thousands) Lease costs $ 5,188 $ 2,590 $ 7,851 $ 8,814 Occupancy and equipment Variable lease costs 873 348 1,157 1,336 Occupancy and equipment Short-term lease cost 448 414 730 560 Occupancy and equipment Lease income (128) (110) (181) (342) Occupancy and equipment Total lease cost $ 6,380 $ 3,242 $ 9,557 $ 10,368
Schedule of Operating Lease Assets and Liabilities	September 30, December 31, 2022 2021 Statement of Financial Condition Classification (In thousands) Right-of-use assets $ 26,192 $ 28,846 Operating lease right-of-use assets Lease Liabilities $ 28,114 $ 30,498 Operating leases liabilities
Schedule of Operating Lease, Other Information	September 30, 2022 (In thousands) Weighted-average remaining lease term 5.2 years Weighted-average discount rate 6.6 %
Schedule of Future Minimum Payments for Operating Leases and Present Value	Future minimum payments for operating leases with initial or remaining terms of one year or more as of September 30, 2022 were as follows: Minimum Rent As of September 30, 2022 (In thousands) 2022 $ 2,385 2023 8,936 2024 6,665 2025 4,729 2026 3,034 Thereafter 7,997 Total lease payments $ 33,745 Less imputed interest 5,631 Present value of lease liabilities $ 28,114

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities on Recurring and Non-Recurring Basis	Assets and liabilities measured at fair value on a recurring and non-recurring basis are summarized below: September 30, 2022 Fair Value Measurements Level 1 Level 2 Level 3 Total (In thousands) Recurring fair value measurements: Investment securities available-for-sale $ 401,414 $ 1,076,596 $ 399 $ 1,478,409 Trading securities — 11 — 11 Money market investments 4,988 — — 4,988 Derivative assets — 438 — 438 Servicing assets — — 50,061 50,061 Derivative liabilities — (28) — (28) $ 406,402 $ 1,077,017 $ 50,460 $ 1,533,879 Non-recurring fair value measurements: Collateral dependent loans $ — $ — $ 19,977 $ 19,977 Foreclosed real estate — — 14,561 14,561 Other repossessed assets — — 3,307 3,307 $ — $ — $ 37,845 $ 37,845 December 31, 2021 Fair Value Measurements Level 1 Level 2 Level 3 Total (In thousands) Recurring fair value measurements: Investment securities available-for-sale $ 10,825 $ 498,358 $ 1,530 $ 510,713 Trading securities — 20 — 20 Money market investments 8,952 — — 8,952 Derivative assets — 1 — 1 Servicing assets — — 48,973 48,973 Derivative liabilities — (804) — (804) $ 19,777 $ 497,575 $ 50,503 $ 567,855 Non-recurring fair value measurements: Collateral dependent loans $ — $ — $ 10,233 $ 10,233 Foreclosed real estate — — 15,039 15,039 Other repossessed assets — — 1,945 1,945 $ — $ — $ 27,217 $ 27,217
Schedule of Reconciliation of Assets and Liabilities Using Significant Unobservable Inputs (Level 3)	The tables below present a reconciliation of all assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the quarters and nine-month periods ended September 30, 2022 and 2021: Level 3 Instruments Only Quarter Ended September 30, 2022 2021 Other debt securities available for sale Servicing Assets Total Other debt securities available for sale Servicing Assets Total (In thousands) Balance at beginning period $ 1,581 $ 49,280 $ 50,861 $ — $ 47,712 $ 47,712 New instruments acquired 376 666 1,042 — 1,339 1,339 Transfer from Level 2 — — — 1,500 — 1,500 Principal repayments and amortization — (1,191) (1,191) — (1,740) (1,740) Instrument converted to equity security (1,581) — (1,581) — — — Gains included in earnings — 1,306 1,306 — 916 916 Gains included in other comprehensive income 23 — 23 7 — 7 Balance at end of period $ 399 $ 50,061 $ 50,460 $ 1,507 $ 48,227 $ 49,734 Other debt securities available for sale Servicing Assets Total Other debt securities available for sale Servicing Assets Total Nine-Month Period Ended September 30, 2022 2021 (In thousands) Balance at beginning period $ 1,530 $ 48,973 $ 50,503 $ — $ 47,295 $ 47,295 New instruments acquired 376 2,935 3,311 — 4,782 $ 4,782 Transfer from Level 2 — — — 1,500 — $ 1,500 Principal repayments and amortization — (4,168) (4,168) — (5,109) $ (5,109) Instrument converted to equity security (1,581) — (1,581) — — $ — Gains included in earnings — 2,321 2,321 — 1,259 $ 1,259 Gains included in other comprehensive income 74 — 74 7 — $ 7 Balance at end of period $ 399 $ 50,061 $ 50,460 $ 1,507 $ 48,227 $ 49,734
Schedule of Qualitative Information for Assets and Liabilities	The table below presents quantitative information for all assets and liabilities measured at fair value on a recurring and non-recurring basis using significant unobservable inputs (Level 3) at September 30, 2022: September 30, 2022 Fair Value Valuation Technique Unobservable Input Range Weighted Average (In thousands) Other debt securities available-for-sale $ 399 Cash flow valuation Credit Rating Baa1 - Baa3 Baa2 Probability of Default Rate 0.15% - 2.12% 0.15 % Recovery Rate 34.73 % 34.73 % Servicing assets $ 50,061 Cash flow valuation Constant prepayment rate 3.38% - 20.36% 5.69 % Discount rate 10.00% - 15.50% 11.45 % Collateral dependent loans $ 19,977 Fair value of property Appraised value less disposition costs 10.20% - 33.20% 17.16 % Foreclosed real estate $ 14,561 Fair value of property Appraised value less disposition costs 10.20% - 33.20% 11.71 % Other repossessed assets $ 3,307 Fair value of property Estimated net realizable value less disposition costs 22.00% - 80.00% 62.96 %
Schedule of Estimated Fair Value and Carrying Value	The estimated fair value and carrying value of OFG’s financial instruments at September 30, 2022 and December 31, 2021 is as follows: September 30, December 31, 2022 2021 Fair Carrying Fair Carrying (In thousands) Financial Assets: Level 1 Cash and cash equivalents $ 815,269 $ 815,269 $ 2,023,475 $ 2,023,475 Restricted cash $ 164 $ 164 $ 175 $ 175 Investment securities available-for-sale $ 401,414 $ 401,414 $ 10,825 $ 10,825 Level 2 Financial Assets: Trading securities $ 11 $ 11 $ 20 $ 20 Investment securities available-for-sale $ 1,076,596 $ 1,076,596 $ 498,358 $ 498,358 Investment securities held-to-maturity $ 471,718 $ 540,774 $ 363,653 $ 367,507 Federal Home Loan Bank (FHLB) stock $ 6,026 $ 6,026 $ 5,966 $ 5,966 Equity securities $ 17,346 $ 17,346 $ 11,612 $ 11,612 Derivative assets $ 438 $ 438 $ 1 $ 1 Financial Liabilities: Derivative liabilities $ 28 $ 28 $ 804 $ 804 Level 3 Financial Assets: Investment securities available for sale $ 399 $ 399 $ 1,530 $ 1,530 Total loans (including loans held-for-sale) $ 6,516,221 $ 6,591,028 $ 6,197,347 $ 6,329,311 Accrued interest receivable $ 59,400 $ 59,400 $ 56,560 $ 56,560 Servicing assets $ 50,061 $ 50,061 $ 48,973 $ 48,973 Accounts receivable and other assets $ 68,329 $ 68,329 $ 88,756 $ 88,756 Financial Liabilities: Deposits $ 8,846,913 $ 8,855,117 $ 8,614,073 $ 8,603,118 Advances from FHLB $ 27,152 $ 27,153 $ 28,480 $ 28,488 Other borrowings $ 110 $ 110 $ — $ — Subordinated capital notes $ — $ — $ 36,084 $ 36,083 Accrued expenses and other liabilities $ 124,545 $ 124,545 $ 96,240 $ 96,240

BANKING AND FINANCIAL SERVICE_2

BANKING AND FINANCIAL SERVICE REVENUES (Tables)	9 Months Ended
BANKING AND FINANCIAL SERVICE REVENUES (Tables)	Sep. 30, 2022
Banking and Thrift, Interest [Abstract]
Schedule of Commissions and Fees Revenues	The following table presents the major categories of banking and financial service revenues for the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, Nine-Month Period Ended September 30, 2022 2021 2022 2021 (In thousands) (In thousands) Banking service revenues: Checking accounts fees $ 2,332 $ 2,279 $ 6,702 $ 6,323 Savings accounts fees 332 297 937 846 Electronic banking fees 13,335 13,937 40,509 41,458 Credit life commissions 70 182 665 369 Branch service commissions 319 301 979 937 Servicing and other loan fees 621 995 2,427 2,480 International fees 217 215 702 520 Miscellaneous income (expense) 8 (6) 16 15 Total banking service revenues 17,234 18,200 52,937 52,948 Wealth management revenue: Insurance income 3,906 2,542 10,758 7,768 Broker fees 1,601 1,981 5,204 6,433 Trust fees 2,489 2,887 7,796 8,386 Retirement plan and administration fees 177 209 542 683 Total wealth management revenue 8,173 7,619 24,300 23,270 Mortgage banking activities: Net servicing fees 5,206 4,388 13,408 11,865 Net (loss) gains on sale of mortgage loans and valuation (116) 2,622 2,192 8,045 Other (199) (813) (124) (3,600) Total mortgage banking activities 4,891 6,197 15,476 16,310 Total banking and financial service revenues $ 30,298 $ 32,016 $ 92,713 $ 92,528

BUSINESS SEGMENTS (Tables)

BUSINESS SEGMENTS (Tables)	9 Months Ended
BUSINESS SEGMENTS (Tables)	Sep. 30, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Following are the results of operations and the selected financial information by operating segment for the quarters and nine-month periods ended September 30, 2022 and 2021: Quarter Ended September 30, 2022 Banking Wealth Treasury Total Major Eliminations Consolidated (In thousands) Interest income $ 117,939 $ 6 $ 18,829 $ 136,774 $ (2,099) $ 134,675 Interest expense (7,891) — (2,373) (10,264) 2,099 (8,165) Net interest income 110,048 6 16,456 126,510 — 126,510 Provision for credit losses 7,059 — 61 7,120 — 7,120 Non-interest income 22,310 8,310 — 30,620 — 30,620 Non-interest expenses (82,026) (4,635) (831) (87,492) — (87,492) Intersegment revenue 588 — — 588 (588) — Intersegment expenses — (412) (176) (588) 588 — Income before income taxes 43,861 3,269 15,388 62,518 — 62,518 Income tax expense 20,589 1 9 20,599 — 20,599 Net income $ 23,272 $ 3,268 $ 15,379 $ 41,919 $ — $ 41,919 Total assets $ 8,179,384 $ 27,839 $ 2,823,826 $ 11,031,049 $ (972,870) $ 10,058,179 Nine-Month Period Ended September 30, 2022 Banking Wealth Treasury Total Major Eliminations Consolidated (In thousands) Interest income $ 337,017 $ 16 $ 35,787 $ 372,820 $ (2,974) $ 369,846 Interest expense (21,796) — (4,226) (26,022) 2,974 (23,048) Net interest income 315,221 16 31,561 346,798 — 346,798 Provision for (recapture of) credit losses 15,403 — (41) 15,362 — 15,362 Non-interest income 73,662 24,724 50 98,436 — 98,436 Non-interest expenses (237,477) (14,015) (2,413) (253,905) — (253,905) Intersegment revenue 1,645 — — 1,645 (1,645) — Intersegment expenses — (1,131) (514) (1,645) 1,645 — Income before income taxes $ 137,648 $ 9,594 $ 28,725 $ 175,967 $ — $ 175,967 Income tax expense 56,067 1 27 56,095 — 56,095 Net income $ 81,581 $ 9,593 $ 28,698 $ 119,872 $ — $ 119,872 Total assets $ 8,179,384 $ 27,839 $ 2,823,826 $ 11,031,049 $ (972,870) $ 10,058,179 Quarter Ended September 30, 2021 Banking Wealth Treasury Total Major Eliminations Consolidated (In thousands) Interest income $ 108,475 $ 7 $ 3,653 $ 112,135 $ — $ 112,135 Interest expense (8,946) — (488) (9,434) — (9,434) Net interest income 99,529 7 3,165 102,701 — 102,701 Recapture of credit losses (4,815) — (182) (4,997) — (4,997) Non-interest income 24,352 8,079 90 32,521 — 32,521 Non-interest expenses (72,463) (5,245) (1,216) (78,924) — (78,924) Intersegment revenue 616 — — 616 (616) — Intersegment expenses — (318) (298) (616) 616 — Income before income taxes 56,849 2,523 1,923 61,295 — 61,295 Income tax expense 19,614 — 10 19,624 — 19,624 Net income $ 37,235 $ 2,523 $ 1,913 $ 41,671 $ — $ 41,671 Total assets $ 8,116,648 $ 24,581 $ 3,558,568 $ 11,699,797 $ (1,092,932) $ 10,606,865 Nine-Month Period Ended September 30, 2021 Banking Wealth Treasury Total Major Eliminations Consolidated (In thousands) Interest income $ 327,151 $ 25 $ 9,392 $ 336,568 $ — $ 336,568 Interest expense (31,794) — (1,624) (33,418) — (33,418) Net interest income 295,357 25 7,768 303,150 — 303,150 Recapture of credit losses (5,964) — (1,014) (6,978) — (6,978) Non-interest income 71,440 23,584 107 95,131 — 95,131 Non-interest expenses (222,960) (13,089) (3,217) (239,266) — (239,266) Intersegment revenue 1,714 — — 1,714 (1,714) — Intersegment expenses — (911) (803) (1,714) 1,714 — Income before income taxes $ 151,515 $ 9,609 $ 4,869 $ 165,993 $ — $ 165,993 Income tax expense 53,089 — 33 53,122 — 53,122 Net income $ 98,426 $ 9,609 $ 4,836 $ 112,871 $ — $ 112,871 Total assets $ 8,116,648 $ 24,581 $ 3,558,568 $ 11,699,797 $ (1,092,932) $ 10,606,865

SIGNIFICANT EVENTS (Details)

SIGNIFICANT EVENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
SIGNIFICANT EVENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Unusual Risk or Uncertainty [Line Items]
Climate events expenses	$ 1,426	$ 0	$ 1,426	$ 0
Provision for (recapture of) credit losses	$ 7,120	$ (4,997)	15,362	$ (6,978)
Hurricane Fiona
Unusual Risk or Uncertainty [Line Items]
Provision for (recapture of) credit losses			$ 6,900

RESTRICTED CASH (Narrative) (De

RESTRICTED CASH (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 164	$ 175	$ 179
Reserve required by local government	485,300	456,500
Securities Sold under Agreements to Repurchase
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash	$ 164	$ 175

INVESTMENT SECURITIES (Narrativ

INVESTMENT SECURITIES (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Money market investments	$ 4,988	$ 9,837	$ 8,952
Restricted cash	164	179	175
Securitized GNMA pools retained, amortized cost	$ 80,400	$ 117,100
Securitized GNMA pool retained, yield	3.53%	2.51%
12 months or more	$ 68,295		0
Held to maturity securities in continuous loss position for 12 months or more			0
Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Pledged assets	286,400		145,600
OIB
Debt Securities, Available-for-sale [Line Items]
Restricted cash	305		305
Oriental Overseas
Debt Securities, Available-for-sale [Line Items]
Restricted cash	325		325
Public Funds \| Asset Pledged as Collateral
Debt Securities, Available-for-sale [Line Items]
Pledged assets	$ 285,900		$ 143,800

INVESTMENT SECURITIES (Investme

INVESTMENT SECURITIES (Investment Securities by Contractual Maturity - AFS) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Schedule of Investments [Line Items]
Amortized Cost	$ 1,600,651	$ 503,421
Gross Unrealized Gains	92	10,692
Gross Unrealized Losses	122,334	3,400
Fair Value	$ 1,478,409	$ 510,713
Weighted Average Yield	2.80%	2.05%
Mortgage-backed securities
Schedule of Investments [Line Items]
Amortized Cost	$ 1,196,826	$ 489,155
Gross Unrealized Gains	69	10,555
Gross Unrealized Losses	121,057	3,400
Fair Value	$ 1,075,838	$ 496,310
Weighted Average Yield	2.69%	2.05%
Mortgage-backed securities \| FNMA and FHLMC certificates
Schedule of Investments [Line Items]
Amortized Cost	$ 846,984	$ 184,000
Gross Unrealized Gains	0	2,502
Gross Unrealized Losses	79,373	3,200
Fair Value	$ 767,611	$ 183,302
Weighted Average Yield	2.75%	1.65%
Mortgage-backed securities \| GNMA Securities
Schedule of Investments [Line Items]
Amortized Cost	$ 332,588	$ 281,061
Gross Unrealized Gains	69	7,716
Gross Unrealized Losses	40,929	199
Fair Value	$ 291,728	$ 288,578
Weighted Average Yield	2.57%	2.32%
Mortgage-backed securities \| CMOs issued by US government-sponsored agencies
Schedule of Investments [Line Items]
Amortized Cost	$ 17,254	$ 24,094
Gross Unrealized Gains	0	337
Gross Unrealized Losses	755	1
Fair Value	$ 16,499	$ 24,430
Weighted Average Yield	1.98%	1.96%
Mortgage-backed securities \| Due from 1 to 5 years \| FNMA and FHLMC certificates
Schedule of Investments [Line Items]
Amortized Cost	$ 11,109
Gross Unrealized Gains	0
Gross Unrealized Losses	568
Fair Value	$ 10,541
Weighted Average Yield	1.76%
Mortgage-backed securities \| Due from 1 to 5 years \| GNMA Securities
Schedule of Investments [Line Items]
Amortized Cost	$ 13,916	$ 10,536
Gross Unrealized Gains	0	233
Gross Unrealized Losses	863	1
Fair Value	$ 13,053	$ 10,768
Weighted Average Yield	1.65%	1.66%
Mortgage-backed securities \| Due from 1 to 5 years \| CMOs issued by US government-sponsored agencies
Schedule of Investments [Line Items]
Amortized Cost	$ 15,602	$ 1,788
Gross Unrealized Gains	0	22
Gross Unrealized Losses	727	0
Fair Value	$ 14,875	$ 1,810
Weighted Average Yield	1.78%	1.70%
Mortgage-backed securities \| Due from 5 to 10 years \| FNMA and FHLMC certificates
Schedule of Investments [Line Items]
Amortized Cost	$ 62,947	$ 90,560
Gross Unrealized Gains	0	2,502
Gross Unrealized Losses	4,686	0
Fair Value	$ 58,261	$ 93,062
Weighted Average Yield	2%	1.94%
Mortgage-backed securities \| Due from 5 to 10 years \| GNMA Securities
Schedule of Investments [Line Items]
Amortized Cost	$ 25,877	$ 26,419
Gross Unrealized Gains	19	556
Gross Unrealized Losses	1,949	0
Fair Value	$ 23,947	$ 26,975
Weighted Average Yield	2.06%	1.80%
Mortgage-backed securities \| Due from 5 to 10 years \| CMOs issued by US government-sponsored agencies
Schedule of Investments [Line Items]
Amortized Cost	$ 660	$ 20,705
Gross Unrealized Gains	0	299
Gross Unrealized Losses	12	0
Fair Value	$ 648	$ 21,004
Weighted Average Yield	2.14%	1.81%
Mortgage-backed securities \| Due after 10 years \| FNMA and FHLMC certificates
Schedule of Investments [Line Items]
Amortized Cost	$ 772,928	$ 93,440
Gross Unrealized Gains	0	0
Gross Unrealized Losses	74,119	3,200
Fair Value	$ 698,809	$ 90,240
Weighted Average Yield	2.82%	1.37%
Mortgage-backed securities \| Due after 10 years \| GNMA Securities
Schedule of Investments [Line Items]
Amortized Cost	$ 292,795	$ 244,106
Gross Unrealized Gains	50	6,927
Gross Unrealized Losses	38,117	198
Fair Value	$ 254,728	$ 250,835
Weighted Average Yield	2.66%	2.40%
Mortgage-backed securities \| Due after 10 years \| CMOs issued by US government-sponsored agencies
Schedule of Investments [Line Items]
Amortized Cost	$ 992	$ 1,601
Gross Unrealized Gains	0	16
Gross Unrealized Losses	16	1
Fair Value	$ 976	$ 1,616
Weighted Average Yield	5.06%	4.24%
Investment securities
Schedule of Investments [Line Items]
Amortized Cost	$ 403,825	$ 14,266
Gross Unrealized Gains	23	137
Gross Unrealized Losses	1,277	0
Fair Value	$ 402,571	$ 14,403
Weighted Average Yield	3.15%	1.95%
Investment securities \| Other debt securities
Schedule of Investments [Line Items]
Amortized Cost	$ 1,147	$ 2,347
Gross Unrealized Gains	23	48
Gross Unrealized Losses	13	0
Fair Value	$ 1,157	$ 2,395
Weighted Average Yield	3.24%	4.39%
Investment securities \| Due less than 1 year \| US Treasury securities
Schedule of Investments [Line Items]
Amortized Cost	$ 402,678	$ 10,737
Gross Unrealized Gains	0	88
Gross Unrealized Losses	1,264	0
Fair Value	$ 401,414	$ 10,825
Weighted Average Yield	3.15%	1.48%
Investment securities \| Due less than 1 year \| Obligations of US government-sponsored agencies
Schedule of Investments [Line Items]
Amortized Cost		$ 1,182
Gross Unrealized Gains		1
Gross Unrealized Losses		0
Fair Value		$ 1,183
Weighted Average Yield		1.40%
Investment securities \| Due less than 1 year \| Other debt securities
Schedule of Investments [Line Items]
Amortized Cost	$ 500	$ 500
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	$ 500	$ 500
Weighted Average Yield	0.57%	0.57%
Investment securities \| Due from 1 to 5 years \| Other debt securities
Schedule of Investments [Line Items]
Amortized Cost	$ 647	$ 1,847
Gross Unrealized Gains	23	48
Gross Unrealized Losses	13	0
Fair Value	$ 657	$ 1,895
Weighted Average Yield	5.31%	5.43%

INVESTMENT SECURITIES (Invest_2

INVESTMENT SECURITIES (Investment Securities by Contractual Maturity - HTM) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 540,774	$ 367,507
Gross Unrealized Gains	0
Gross Unrealized Losses	69,056
Fair Value	$ 471,718	363,653
Weighted Average Yield	2.30%
Due after 10 years \| Mortgage-backed securities \| FNMA and FHLMC certificates
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 343,549	367,507
Gross Unrealized Gains	0	0
Gross Unrealized Losses	66,089	3,854
Fair Value	$ 277,460	$ 363,653
Weighted Average Yield	1.70%	1.71%
Due from 1 to 5 years \| Investment securities \| US Treasury securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 197,225
Gross Unrealized Gains	0
Gross Unrealized Losses	2,967
Fair Value	$ 194,258
Weighted Average Yield	3.36%

INVESTMENT SECURITIES (Unrealiz

INVESTMENT SECURITIES (Unrealized Gains and Losses by Category) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Securities Available-for-Sale, Amortized Cost
12 months or more	$ 88,419
Less than 12 months	1,509,416	$ 98,962
Total	1,597,835
Held-to-Maturity, Amortized Cost
Less than 12 months	251,626
Total	540,774
Securities Available-for-Sale, Unrealized Loss
12 months or more	20,124
Less than 12 months	102,210	3,400
Total	122,334
Held-to-Maturity, Unrealized Loss
Less than 12 months	12,612
Total	69,056
Securities Available-for-Sale, Fair Value
12 months or more	68,295	0
Less than 12 months	1,407,206	95,562
Total	1,475,501
Held-to-Maturity, Fair Value
Less than 12 months	239,014
Total	471,718
FNMA and FHLMC certificates
Securities Available-for-Sale, Amortized Cost
12 months or more	87,852
Less than 12 months	759,122	93,440
Total	846,974
Held-to-Maturity, Amortized Cost
12 months or more	289,148
Less than 12 months	54,401	367,507
Total	343,549
Securities Available-for-Sale, Unrealized Loss
12 months or more	20,025
Less than 12 months	59,348	3,200
Total	79,373
Held-to-Maturity, Unrealized Loss
12 months or more	56,444
Less than 12 months	9,645	3,854
Total	66,089
Securities Available-for-Sale, Fair Value
12 months or more	67,827
Less than 12 months	699,774	90,240
Total	767,601
Held-to-Maturity, Fair Value
12 months or more	232,704
Less than 12 months	44,756	363,653
Total	277,460
GNMA Securities
Securities Available-for-Sale, Amortized Cost
12 months or more	567
Less than 12 months	330,091	5,022
Total	330,658
Securities Available-for-Sale, Unrealized Loss
12 months or more	99
Less than 12 months	40,830	199
Total	40,929
Securities Available-for-Sale, Fair Value
12 months or more	468
Less than 12 months	289,261	4,823
Total	289,729
CMOs issued by US Government-sponsored agencies
Securities Available-for-Sale, Amortized Cost
Less than 12 months	17,254	500
Total	17,254
Securities Available-for-Sale, Unrealized Loss
Less than 12 months	755	1
Total	755
Securities Available-for-Sale, Fair Value
Less than 12 months	16,499	$ 499
Total	16,499
US Treasury securities
Securities Available-for-Sale, Amortized Cost
Less than 12 months	402,678
Total	402,678
Held-to-Maturity, Amortized Cost
Less than 12 months	197,225
Total	197,225
Securities Available-for-Sale, Unrealized Loss
Less than 12 months	1,264
Total	1,264
Held-to-Maturity, Unrealized Loss
Less than 12 months	2,967
Total	2,967
Securities Available-for-Sale, Fair Value
Less than 12 months	401,414
Total	401,414
Held-to-Maturity, Fair Value
Less than 12 months	194,258
Total	194,258
Other debt securities
Securities Available-for-Sale, Amortized Cost
Less than 12 months	271
Total	271
Securities Available-for-Sale, Unrealized Loss
Less than 12 months	13
Total	13
Securities Available-for-Sale, Fair Value
Less than 12 months	258
Total	$ 258

LOANS (Narrative) (Details)

LOANS (Narrative) (Details) $ in Thousands	3 Months Ended	9 Months Ended
LOANS (Narrative) (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($) segment	Dec. 31, 2021 USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of operating segments \| segment		4
Loans	$ 6,684,965	$ 6,684,965	$ 6,402,586
Troubled debt restructurings	166,662	166,662	150,426
Recorded investment of residential mortgage loans collateralized and in process of foreclosure	14,300	14,300	16,900
Balance of revolving loans converted to term loans, amount	81,700	81,700	37,500
Accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings	145,532	145,532	125,887
Mortgage Loans - GNMA Buy-Back Option Program
Accounts, Notes, Loans and Financing Receivable [Line Items]
Delinquent loans	29,100	29,100	14,500
Non-PCD
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	5,455,340	5,455,340	4,995,631
Non-PCD \| Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	237,433	237,433	185,137
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Transferred to held-for-sale during period	3,300
Financing receivable, charge offs, net	5,500
Loans	2,539,668	2,539,668	2,379,330
Troubled debt restructurings	54,756	54,756	35,839
Commitment to lend additional funds	2,300	2,300	3,700
Commercial loans \| Accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings	40,794	40,794	20,922
Commercial loans \| Puerto Rico \| Government
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	73,400	73,400	87,300
Commercial loans \| Puerto Rico \| Government \| Property Tax Revenue
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	73,400	73,400	86,200
Commercial loans \| Puerto Rico \| Government \| Public Corporation \| Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans			1,100
Commercial loans \| Non-PCD
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	2,377,381	2,377,381	2,174,995
Commercial loans \| Non-PCD \| Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	24,342	24,342	14,128
Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	1,739,279	1,739,279	1,907,271
Troubled debt restructurings	109,629	109,629	110,962
Loan deferral amount, pandemic related	4,600	4,600	28,000
Mortgage \| Government Guaranteed Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings	42,500	42,500	40,800
Mortgage \| Accruing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings	102,510	102,510	101,487
Mortgage \| Non-PCD
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	679,831	679,831	718,848
Mortgage \| Non-PCD \| Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans	$ 68,628	68,628	$ 60,027
Mortgage \| Non-PCD \| Residential mortgage loans \| Past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Sales of loans held for sale		$ 21,900

LOANS (Composition of Loan Port

LOANS (Composition of Loan Portfolio) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	$ 6,684,965		$ 6,402,586
Allowance for credit losses	(155,162)		(155,937)	$ (180,872)
Total loans held for investment, net	6,529,803		6,246,649
Total loans held for sale	61,225		82,662
Total loans	6,591,028		6,329,311
Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	2,539,668		2,379,330
Allowance for credit losses	(40,737)			(44,406)
Total loans held for sale	17,963		31,566
Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	1,739,279		1,907,271
Allowance for credit losses	(21,158)			(47,257)
Total loans held for sale	43,262		51,096
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	520,921		409,675
Allowance for credit losses	(24,251)			(17,885)
Auto and leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	1,885,097		1,706,310
Allowance for credit losses	(69,016)			(71,324)
Non-PCD
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	5,455,340		4,995,631
Allowance for credit losses	(142,417)	$ (143,896)	(132,065)	(138,874)	$ (148,314)	$ (161,015)
Total loans held for investment, net	5,312,923		4,863,566
Total loans held for sale	61,225		82,662
Total loans	5,374,148		4,946,228
Non-PCD \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	2,377,381		2,174,995
Allowance for credit losses	(38,851)	(42,014)	(32,262)	(33,240)	(43,523)	(45,779)
Total loans held for sale	17,963		31,566
Non-PCD \| Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	679,831		718,848
Allowance for credit losses	(10,431)	(11,906)	(15,299)	(16,867)	(16,368)	(19,687)
Total loans held for sale	43,262		51,096
Non-PCD \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	520,183		408,759
Allowance for credit losses	(24,233)	(23,109)	(19,141)	(17,848)	(19,065)	(25,253)
Non-PCD \| Auto and leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	1,877,945		1,693,029
Allowance for credit losses	(68,902)	(66,867)	(65,363)	(70,919)	(69,358)	(70,296)
PCD
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	1,229,625		1,406,955
Allowance for credit losses	(12,745)	(15,143)	(23,872)	(41,998)	(43,403)	(43,794)
Total loans held for investment, net	1,216,880		1,383,083
Total loans held for sale	0		0
Total loans	1,216,880		1,383,083
PCD \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	162,287		204,335
Allowance for credit losses	(1,886)	(2,427)	(4,508)	(11,166)	(12,756)	(16,405)
Total loans held for sale	0		0
PCD \| Mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	1,059,448		1,188,423
Allowance for credit losses	(10,727)	(12,541)	(19,018)	(30,390)	(30,108)	(26,389)
Total loans held for sale	0		0
PCD \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	738		916
Allowance for credit losses	(18)	(20)	(34)	(37)	(38)	(57)
PCD \| Auto and leasing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	7,152		13,281
Allowance for credit losses	(114)	$ (155)	(312)	$ (405)	$ (501)	$ (943)
Commercial secured by real estate \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	1,096,827		1,060,180
Commercial secured by real estate \| Non-PCD \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	954,762		883,994
Commercial secured by real estate \| PCD \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	142,065		176,186
Other commercial and industrial \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	806,377		787,321
Other commercial and industrial \| Non-PCD \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	786,155		759,172
Other commercial and industrial \| PCD \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	20,222		28,149
Other commercial and industrial - Paycheck Protection Program (PPP Loans) \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	14,082		86,889
Other commercial and industrial - Paycheck Protection Program (PPP Loans) \| Non-PCD \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	14,082		86,889
Other commercial and industrial - Paycheck Protection Program (PPP Loans) \| PCD \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	0		0
US commercial loans \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	622,382		444,940
US commercial loans \| Non-PCD \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	622,382		444,940
US commercial loans \| PCD \| Commercial loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	0		0
Personal loans \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	463,578		347,405
Personal loans \| Non-PCD \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	463,203		346,859
Personal loans \| PCD \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	375		546
Credit lines \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	13,606		15,145
Credit lines \| Non-PCD \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	13,243		14,775
Credit lines \| PCD \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	363		370
Credit cards \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	43,383		46,795
Credit cards \| Non-PCD \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	43,383		46,795
Credit cards \| PCD \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	0		0
Overdraft \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	354		330
Overdraft \| Non-PCD \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	354		330
Overdraft \| PCD \| Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	$ 0		$ 0

LOANS (Aging of Recorded Invest

LOANS (Aging of Recorded Investment in Gross Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Past Due [Line Items]
Total Loans	$ 6,684,965	$ 6,402,586
Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	5,455,340	4,995,631
Loans 90+ Days Past Due and Still Accruing	2,218	2,346
30-59 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	93,456	76,491
60-89 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	56,453	40,351
90+ Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	87,524	68,295
Total Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	237,433	185,137
Current \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	5,217,907	4,810,494
Commercial
Financing Receivable, Past Due [Line Items]
Total Loans	2,539,668	2,379,330
Commercial \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	2,377,381	2,174,995
Loans 90+ Days Past Due and Still Accruing	0	0
Commercial \| 30-59 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	3,376	4,096
Commercial \| 60-89 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	9,847	640
Commercial \| 90+ Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	11,119	9,392
Commercial \| Total Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	24,342	14,128
Commercial \| Current \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	2,353,039	2,160,867
Mortgage
Financing Receivable, Past Due [Line Items]
Total Loans	1,739,279	1,907,271
Mortgage \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	679,831	718,848
Loans 90+ Days Past Due and Still Accruing	2,218	2,346
Mortgage \| 30-59 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	9,649	8,704
Mortgage \| 60-89 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	6,120	7,855
Mortgage \| 90+ Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	52,859	43,468
Mortgage \| Total Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	68,628	60,027
Mortgage \| Current \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	611,203	658,821
Consumer
Financing Receivable, Past Due [Line Items]
Total Loans	520,921	409,675
Consumer \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	520,183	408,759
Loans 90+ Days Past Due and Still Accruing	0	0
Consumer \| 30-59 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	6,200	3,653
Consumer \| 60-89 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	3,080	1,622
Consumer \| 90+ Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	2,676	1,974
Consumer \| Total Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	11,956	7,249
Consumer \| Current \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	508,227	401,510
Auto and leasing
Financing Receivable, Past Due [Line Items]
Total Loans	1,885,097	1,706,310
Auto and leasing \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	1,877,945	1,693,029
Loans 90+ Days Past Due and Still Accruing	0	0
Auto and leasing \| 30-59 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	74,231	60,038
Auto and leasing \| 60-89 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	37,406	30,234
Auto and leasing \| 90+ Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	20,870	13,461
Auto and leasing \| Total Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	132,507	103,733
Auto and leasing \| Current \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	1,745,438	1,589,296
Commercial secured by real estate \| Commercial
Financing Receivable, Past Due [Line Items]
Total Loans	1,096,827	1,060,180
Commercial secured by real estate \| Commercial \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	954,762	883,994
Loans 90+ Days Past Due and Still Accruing	0	0
Commercial secured by real estate \| Commercial \| 30-59 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	862	2,210
Commercial secured by real estate \| Commercial \| 60-89 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	9,509	102
Commercial secured by real estate \| Commercial \| 90+ Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	8,251	8,446
Commercial secured by real estate \| Commercial \| Total Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	18,622	10,758
Commercial secured by real estate \| Commercial \| Current \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	936,140	873,236
Other commercial and industrial \| Commercial \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	800,237	846,061
Loans 90+ Days Past Due and Still Accruing	0	0
Other commercial and industrial \| Commercial \| 30-59 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	2,473	1,886
Other commercial and industrial \| Commercial \| 60-89 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	338	538
Other commercial and industrial \| Commercial \| 90+ Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	2,868	946
Other commercial and industrial \| Commercial \| Total Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	5,679	3,370
Other commercial and industrial \| Commercial \| Current \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	794,558	842,691
US commercial loans \| Commercial
Financing Receivable, Past Due [Line Items]
Total Loans	622,382	444,940
US commercial loans \| Commercial \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	622,382	444,940
Loans 90+ Days Past Due and Still Accruing	0	0
US commercial loans \| Commercial \| 30-59 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	41	0
US commercial loans \| Commercial \| 60-89 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
US commercial loans \| Commercial \| 90+ Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
US commercial loans \| Commercial \| Total Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	41	0
US commercial loans \| Commercial \| Current \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	622,341	444,940
Personal loans \| Consumer
Financing Receivable, Past Due [Line Items]
Total Loans	463,578	347,405
Personal loans \| Consumer \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	463,203	346,859
Loans 90+ Days Past Due and Still Accruing	0	0
Personal loans \| Consumer \| 30-59 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	4,930	2,382
Personal loans \| Consumer \| 60-89 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	2,580	1,131
Personal loans \| Consumer \| 90+ Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	1,737	1,116
Personal loans \| Consumer \| Total Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	9,247	4,629
Personal loans \| Consumer \| Current \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	453,956	342,230
Credit lines \| Consumer
Financing Receivable, Past Due [Line Items]
Total Loans	13,606	15,145
Credit lines \| Consumer \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	13,243	14,775
Loans 90+ Days Past Due and Still Accruing	0	0
Credit lines \| Consumer \| 30-59 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	342	531
Credit lines \| Consumer \| 60-89 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	117	141
Credit lines \| Consumer \| 90+ Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	217	227
Credit lines \| Consumer \| Total Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	676	899
Credit lines \| Consumer \| Current \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	12,567	13,876
Credit cards \| Consumer
Financing Receivable, Past Due [Line Items]
Total Loans	43,383	46,795
Credit cards \| Consumer \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	43,383	46,795
Loans 90+ Days Past Due and Still Accruing	0	0
Credit cards \| Consumer \| 30-59 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	827	610
Credit cards \| Consumer \| 60-89 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	382	336
Credit cards \| Consumer \| 90+ Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	722	631
Credit cards \| Consumer \| Total Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	1,931	1,577
Credit cards \| Consumer \| Current \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	41,452	45,218
Overdraft \| Consumer \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	354	330
Loans 90+ Days Past Due and Still Accruing	0	0
Overdraft \| Consumer \| 30-59 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	101	130
Overdraft \| Consumer \| 60-89 Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	1	14
Overdraft \| Consumer \| 90+ Days Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	0	0
Overdraft \| Consumer \| Total Past Due \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	102	144
Overdraft \| Consumer \| Current \| Non-PCD
Financing Receivable, Past Due [Line Items]
Total Loans	$ 252	$ 186

LOANS (Investment in Loans on N

LOANS (Investment in Loans on Non-Accrual Status) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	$ 57,556	$ 62,480
Non-accrual with no Allowance for Credit Loss	36,063	39,403
Total	93,619	101,883
Non-PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	53,933	55,839
Non-accrual with no Allowance for Credit Loss	29,680	33,165
Total	83,613	89,004
PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	3,623	6,641
Non-accrual with no Allowance for Credit Loss	6,383	6,238
Total	10,006	12,879
Commercial \| Non-PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	17,542	17,583
Non-accrual with no Allowance for Credit Loss	19,070	20,021
Total	36,612	37,604
Commercial \| PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	3,363	6,307
Non-accrual with no Allowance for Credit Loss	6,383	6,238
Total	9,746	12,545
Mortgage \| Non-PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	13,097	16,428
Non-accrual with no Allowance for Credit Loss	10,309	12,840
Total	23,406	29,268
Mortgage \| PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	260	334
Non-accrual with no Allowance for Credit Loss	0	0
Total	260	334
Consumer \| Non-PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	2,426	2,001
Non-accrual with no Allowance for Credit Loss	299	302
Total	2,725	2,303
Auto and leasing \| Non-PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	20,868	19,827
Non-accrual with no Allowance for Credit Loss	2	2
Total	20,870	19,829
Commercial secured by real estate \| Commercial \| Non-PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	14,677	16,299
Non-accrual with no Allowance for Credit Loss	18,614	19,538
Total	33,291	35,837
Commercial secured by real estate \| Commercial \| PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	3,363	5,205
Non-accrual with no Allowance for Credit Loss	6,345	6,198
Total	9,708	11,403
Other commercial and industrial \| Commercial \| Non-PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	2,865	1,284
Non-accrual with no Allowance for Credit Loss	456	483
Total	3,321	1,767
Other commercial and industrial \| Commercial \| PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	0	1,102
Non-accrual with no Allowance for Credit Loss	38	40
Total	38	1,142
Personal loans \| Consumer \| Non-PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	1,487	1,143
Non-accrual with no Allowance for Credit Loss	299	302
Total	1,786	1,445
Personal lines of credit \| Consumer \| Non-PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	217	226
Non-accrual with no Allowance for Credit Loss	0	0
Total	217	226
Credit cards \| Consumer \| Non-PCD
Financing Receivable, Nonaccrual [Line Items]
Non-accrual with Allowance for Credit Loss	722	632
Non-accrual with no Allowance for Credit Loss	0	0
Total	$ 722	$ 632

LOANS (Troubled-Debt Restructur

LOANS (Troubled-Debt Restructuring Loan Portfolio) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	$ 166,662	$ 150,426
Related Allowance	3,215	4,406
Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	145,532	125,887
Non-accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	21,130	24,539
Commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	54,756	35,839
Related Allowance	369	369
Commercial loans \| Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	40,794	20,922
Commercial loans \| Non-accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	13,962	14,917
Commercial loans \| Commercial secured by real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	44,804	25,425
Related Allowance	233	202
Commercial loans \| Commercial secured by real estate \| Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	31,215	10,981
Commercial loans \| Commercial secured by real estate \| Non-accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	13,589	14,444
Commercial loans \| Other commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	2,776	3,258
Related Allowance	43	41
Commercial loans \| Other commercial and industrial \| Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	2,403	2,785
Commercial loans \| Other commercial and industrial \| Non-accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	373	473
Commercial loans \| US commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	7,176	7,156
Related Allowance	93	126
Commercial loans \| US commercial loans \| Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	7,176	7,156
Commercial loans \| US commercial loans \| Non-accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	0	0
Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	109,629	110,962
Related Allowance	2,750	3,867
Mortgage \| Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	102,510	101,487
Mortgage \| Non-accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	7,119	9,475
Consumer \| Personal loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	2,193	3,414
Related Allowance	93	159
Consumer \| Personal loans \| Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	2,144	3,275
Consumer \| Personal loans \| Non-accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	49	139
Auto and leasing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	84	211
Related Allowance	3	11
Auto and leasing \| Accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	84	203
Auto and leasing \| Non-accruing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	$ 0	$ 8

LOANS (Troubled-Debt Restruct_2

LOANS (Troubled-Debt Restructurings By Loan Portfolio And Modification Type) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	$ 166,662	$ 150,426
Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	54,756	35,839
Commercial \| Commercial secured by real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	44,804	25,425
Commercial \| Other commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	2,776	3,258
Commercial \| US commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	7,176	7,156
Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	109,629	110,962
Consumer \| Personal loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	2,193	3,414
Auto and leasing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	84	211
Reduction in interest rate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	48,966	55,217
Reduction in interest rate \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	15,898	16,340
Reduction in interest rate \| Commercial \| Commercial secured by real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	7,921	8,461
Reduction in interest rate \| Commercial \| Other commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	801	723
Reduction in interest rate \| Commercial \| US commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	7,176	7,156
Reduction in interest rate \| Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	32,084	37,307
Reduction in interest rate \| Consumer \| Personal loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	943	1,496
Reduction in interest rate \| Auto and leasing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	41	74
Maturity or term extension
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	35,368	10,295
Maturity or term extension \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	27,576	3,212
Maturity or term extension \| Commercial \| Commercial secured by real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	26,104	1,227
Maturity or term extension \| Commercial \| Other commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	1,472	1,985
Maturity or term extension \| Commercial \| US commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	0	0
Maturity or term extension \| Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	7,601	6,796
Maturity or term extension \| Consumer \| Personal loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	191	287
Maturity or term extension \| Auto and leasing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	0	0
Combination of reduction in interest rate and extension of maturity
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	44,415	46,837
Combination of reduction in interest rate and extension of maturity \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	8,156	12,923
Combination of reduction in interest rate and extension of maturity \| Commercial \| Commercial secured by real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	7,673	12,401
Combination of reduction in interest rate and extension of maturity \| Commercial \| Other commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	483	522
Combination of reduction in interest rate and extension of maturity \| Commercial \| US commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	0	0
Combination of reduction in interest rate and extension of maturity \| Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	35,317	32,456
Combination of reduction in interest rate and extension of maturity \| Consumer \| Personal loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	920	1,430
Combination of reduction in interest rate and extension of maturity \| Auto and leasing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	22	28
Forbearance
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	37,913	38,077
Forbearance \| Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	3,126	3,364
Forbearance \| Commercial \| Commercial secured by real estate
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	3,106	3,336
Forbearance \| Commercial \| Other commercial and industrial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	20	28
Forbearance \| Commercial \| US commercial loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	0	0
Forbearance \| Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	34,627	34,403
Forbearance \| Consumer \| Personal loans
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	139	201
Forbearance \| Auto and leasing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Total	$ 21	$ 109

LOANS (TDR Pre_Post Modificatio

LOANS (TDR Pre/Post Modifications) (Details) $ in Thousands	3 Months Ended		9 Months Ended
LOANS (TDR Pre/Post Modifications) (Details) $ in Thousands	Sep. 30, 2022 USD ($) contract	Sep. 30, 2021 USD ($) contract	Sep. 30, 2022 USD ($) contract	Sep. 30, 2021 USD ($) contract
Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of contracts \| contract	10	40	82	110
Pre-Modification Outstanding Recorded Investment	$ 1,344	$ 5,691	$ 10,377	$ 14,352
Pre-Modification Weighted Average Rate	4.45%	4.52%	4.60%	4.29%
Pre-Modification Weighted Average Term (in Months)	214 months	349 months	266 months	321 months
Post-Modification Outstanding Recorded Investment	$ 1,447	$ 5,845	$ 10,918	$ 14,305
Post-Modification Weighted Average Rate	3.67%	3.52%	3.64%	3.57%
Post-Modification Weighted Average Term (in Months)	292 months	350 months	341 months	346 months
Commercial
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of contracts \| contract	1		5	3
Pre-Modification Outstanding Recorded Investment	$ 170		$ 38,873	$ 1,176
Pre-Modification Weighted Average Rate	5.75%		3.57%	4.72%
Pre-Modification Weighted Average Term (in Months)	66 months		131 months	157 months
Post-Modification Outstanding Recorded Investment	$ 169		$ 38,729	$ 1,085
Post-Modification Weighted Average Rate	5.75%		3.64%	5.95%
Post-Modification Weighted Average Term (in Months)	114 months		184 months	60 months
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of contracts \| contract	1	5	3	14
Pre-Modification Outstanding Recorded Investment	$ 40	$ 77	$ 62	$ 232
Pre-Modification Weighted Average Rate	10.70%	16.64%	13.72%	13.97%
Pre-Modification Weighted Average Term (in Months)	72 months	67 months	75 months	69 months
Post-Modification Outstanding Recorded Investment	$ 40	$ 77	$ 62	$ 233
Post-Modification Weighted Average Rate	10.95%	12.19%	10.95%	10.40%
Post-Modification Weighted Average Term (in Months)	60 months	81 months	67 months	77 months
Auto and leasing
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of contracts \| contract		1		9
Pre-Modification Outstanding Recorded Investment		$ 22		$ 148
Pre-Modification Weighted Average Rate		6.75%		8.70%
Pre-Modification Weighted Average Term (in Months)		84 months		72 months
Post-Modification Outstanding Recorded Investment		$ 22		$ 148
Post-Modification Weighted Average Rate		6%		9.35%
Post-Modification Weighted Average Term (in Months)		48 months		49 months

LOANS (Troubled Debt Restructur

LOANS (Troubled Debt Restructurings, Rolling Twelve Months) (Details) $ in Thousands	12 Months Ended
	Sep. 30, 2022 USD ($) contract	Sep. 30, 2021 USD ($) contract
Mortgage
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts \| contract	9	23
Recorded Investment \| $	$ 1,087	$ 2,569
Consumer
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Contracts \| contract	0	2
Recorded Investment \| $	$ 0	$ 24

LOANS (Aging of the Amortized C

LOANS (Aging of the Amortized Cost of Collateral-Dependent Loans Held For Investment) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Commercial loans \| Commercial secured by real estate \| Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Amortized cost of collateral-dependent loans held for investment	$ 19,977	$ 10,233

LOANS (Credit Quality Indicator

LOANS (Credit Quality Indicators of Loans) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Credit Quality Indicator [Line Items]
Revolving Loans Converted to Term Loans Amortized Cost Basis	$ 81,700	$ 37,500
Total	6,684,965	6,402,586
Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Total	5,455,340	4,995,631
Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total	2,539,668	2,379,330
Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	290,735	554,638
Term loans amortized by cost basis, in one year prior to current fiscal year	491,175	294,311
Term loans amortized by cost basis, in two years prior to current fiscal year	263,936	244,490
Term loans amortized by cost basis, in three years prior to current fiscal year	215,734	236,815
Term loans amortized by cost basis, in four years prior to current fiscal year	151,889	67,561
Prior	217,984	211,737
Revolving Loans Amortized Cost Basis	745,928	565,443
Total	2,377,381	2,174,995
Mortgage
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,739,279	1,907,271
Mortgage \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Total	679,831	718,848
Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	520,921	409,675
Consumer \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	238,370	175,569
Term loans amortized by cost basis, in one year prior to current fiscal year	126,652	56,199
Term loans amortized by cost basis, in two years prior to current fiscal year	36,264	65,836
Term loans amortized by cost basis, in three years prior to current fiscal year	38,290	29,951
Term loans amortized by cost basis, in four years prior to current fiscal year	15,519	12,307
Prior	8,108	6,997
Revolving Loans Amortized Cost Basis	56,980	61,900
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	520,183	408,759
Auto and leasing
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,885,097	1,706,310
Auto and leasing \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	537,799	567,948
Term loans amortized by cost basis, in one year prior to current fiscal year	510,364	353,141
Term loans amortized by cost basis, in two years prior to current fiscal year	283,595	330,287
Term loans amortized by cost basis, in three years prior to current fiscal year	253,098	242,752
Term loans amortized by cost basis, in four years prior to current fiscal year	176,383	123,506
Prior	116,706	75,395
Total	1,877,945	1,693,029
Auto and leasing \| 1-660 \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	126,997	161,534
Term loans amortized by cost basis, in one year prior to current fiscal year	148,620	90,402
Term loans amortized by cost basis, in two years prior to current fiscal year	76,944	80,745
Term loans amortized by cost basis, in three years prior to current fiscal year	63,527	65,681
Term loans amortized by cost basis, in four years prior to current fiscal year	48,968	38,001
Prior	38,074	23,171
Total	503,130	459,534
Auto and leasing \| 661-699 \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	127,491	134,507
Term loans amortized by cost basis, in one year prior to current fiscal year	111,173	68,422
Term loans amortized by cost basis, in two years prior to current fiscal year	47,351	48,173
Term loans amortized by cost basis, in three years prior to current fiscal year	34,110	33,854
Term loans amortized by cost basis, in four years prior to current fiscal year	24,027	16,761
Prior	16,409	10,534
Total	360,561	312,251
Auto and leasing \| 700+ \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	271,094	245,148
Term loans amortized by cost basis, in one year prior to current fiscal year	243,399	180,737
Term loans amortized by cost basis, in two years prior to current fiscal year	154,951	184,307
Term loans amortized by cost basis, in three years prior to current fiscal year	148,825	133,098
Term loans amortized by cost basis, in four years prior to current fiscal year	99,791	63,229
Prior	60,452	38,474
Total	978,512	844,993
Auto and leasing \| No FICO \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	12,217	26,759
Term loans amortized by cost basis, in one year prior to current fiscal year	7,172	13,580
Term loans amortized by cost basis, in two years prior to current fiscal year	4,349	17,062
Term loans amortized by cost basis, in three years prior to current fiscal year	6,636	10,119
Term loans amortized by cost basis, in four years prior to current fiscal year	3,597	5,515
Prior	1,771	3,216
Total	35,742	76,251
Mortgage and consumer loans \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	251,411	194,055
Term loans amortized by cost basis, in one year prior to current fiscal year	151,489	72,910
Term loans amortized by cost basis, in two years prior to current fiscal year	52,604	81,426
Term loans amortized by cost basis, in three years prior to current fiscal year	53,970	49,722
Term loans amortized by cost basis, in four years prior to current fiscal year	32,725	39,009
Prior	600,835	628,585
Revolving Loans Amortized Cost Basis	56,980	61,900
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,200,014	1,127,607
Commercial secured by real estate \| Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total	1,096,827	1,060,180
Commercial secured by real estate \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	162,424	192,889
Term loans amortized by cost basis, in one year prior to current fiscal year	189,435	132,177
Term loans amortized by cost basis, in two years prior to current fiscal year	131,150	146,844
Term loans amortized by cost basis, in three years prior to current fiscal year	141,335	100,294
Term loans amortized by cost basis, in four years prior to current fiscal year	54,977	57,849
Prior	205,133	205,705
Revolving Loans Amortized Cost Basis	70,308	48,236
Total	954,762	883,994
Other commercial and industrial \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	68,691	276,355
Term loans amortized by cost basis, in one year prior to current fiscal year	212,020	93,880
Term loans amortized by cost basis, in two years prior to current fiscal year	69,115	54,207
Term loans amortized by cost basis, in three years prior to current fiscal year	37,542	60,596
Term loans amortized by cost basis, in four years prior to current fiscal year	40,048	9,712
Prior	12,851	6,032
Revolving Loans Amortized Cost Basis	359,970	345,279
Total	800,237	846,061
US commercial loans \| Commercial
Financing Receivable, Credit Quality Indicator [Line Items]
Total	622,382	444,940
US commercial loans \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	59,620	85,394
Term loans amortized by cost basis, in one year prior to current fiscal year	89,720	68,254
Term loans amortized by cost basis, in two years prior to current fiscal year	63,671	43,439
Term loans amortized by cost basis, in three years prior to current fiscal year	36,857	75,925
Term loans amortized by cost basis, in four years prior to current fiscal year	56,864	0
Prior	0	0
Revolving Loans Amortized Cost Basis	315,650	171,928
Total	622,382	444,940
Mortgage loans \| Mortgage \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	13,041	18,486
Term loans amortized by cost basis, in one year prior to current fiscal year	24,837	16,711
Term loans amortized by cost basis, in two years prior to current fiscal year	16,340	15,590
Term loans amortized by cost basis, in three years prior to current fiscal year	15,680	19,771
Term loans amortized by cost basis, in four years prior to current fiscal year	17,206	26,702
Prior	592,727	621,588
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	679,831	718,848
Mortgage loans \| Mortgage \| Performing \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	13,041	18,486
Term loans amortized by cost basis, in one year prior to current fiscal year	24,837	16,585
Term loans amortized by cost basis, in two years prior to current fiscal year	16,219	15,461
Term loans amortized by cost basis, in three years prior to current fiscal year	14,827	19,261
Term loans amortized by cost basis, in four years prior to current fiscal year	16,843	24,872
Prior	560,842	584,792
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	646,609	679,457
Mortgage loans \| Mortgage \| Nonperforming \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	126
Term loans amortized by cost basis, in two years prior to current fiscal year	121	129
Term loans amortized by cost basis, in three years prior to current fiscal year	853	510
Term loans amortized by cost basis, in four years prior to current fiscal year	363	1,830
Prior	31,885	36,796
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	33,222	39,391
Personal loans \| Consumer \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	238,370	175,569
Term loans amortized by cost basis, in one year prior to current fiscal year	126,652	56,199
Term loans amortized by cost basis, in two years prior to current fiscal year	36,264	65,836
Term loans amortized by cost basis, in three years prior to current fiscal year	38,290	29,951
Term loans amortized by cost basis, in four years prior to current fiscal year	15,519	12,307
Prior	8,108	6,997
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	463,203	346,859
Personal loans \| Consumer \| Performing \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	238,086	175,273
Term loans amortized by cost basis, in one year prior to current fiscal year	126,084	55,960
Term loans amortized by cost basis, in two years prior to current fiscal year	36,138	65,425
Term loans amortized by cost basis, in three years prior to current fiscal year	38,005	29,808
Term loans amortized by cost basis, in four years prior to current fiscal year	15,368	12,287
Prior	7,736	6,661
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	461,417	345,414
Personal loans \| Consumer \| Nonperforming \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	284	296
Term loans amortized by cost basis, in one year prior to current fiscal year	568	239
Term loans amortized by cost basis, in two years prior to current fiscal year	126	411
Term loans amortized by cost basis, in three years prior to current fiscal year	285	143
Term loans amortized by cost basis, in four years prior to current fiscal year	151	20
Prior	372	336
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	1,786	1,445
Credit lines \| Consumer \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	13,243	14,775
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	13,243	14,775
Credit lines \| Consumer \| Performing \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	13,026	14,549
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	13,026	14,549
Credit lines \| Consumer \| Nonperforming \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	217	226
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	217	226
Credit cards \| Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	43,383	46,795
Credit cards \| Consumer \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	43,383	46,795
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	43,383	46,795
Credit cards \| Consumer \| Performing \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	42,661	46,163
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	42,661	46,163
Credit cards \| Consumer \| Nonperforming \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	722	632
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	722	632
Overdrafts \| Consumer
Financing Receivable, Credit Quality Indicator [Line Items]
Total	354	330
Overdrafts \| Consumer \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	354	330
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	354	330
Overdrafts \| Consumer \| Performing \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	354	330
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	354	330
Overdrafts \| Consumer \| Nonperforming \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Revolving Loans Converted to Term Loans Amortized Cost Basis	0	0
Total	0	0
Pass \| Commercial secured by real estate \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	162,321	183,820
Term loans amortized by cost basis, in one year prior to current fiscal year	180,951	120,855
Term loans amortized by cost basis, in two years prior to current fiscal year	115,193	114,208
Term loans amortized by cost basis, in three years prior to current fiscal year	139,513	94,864
Term loans amortized by cost basis, in four years prior to current fiscal year	51,721	52,439
Prior	176,926	183,026
Revolving Loans Amortized Cost Basis	67,322	45,178
Total	893,947	794,390
Pass \| Other commercial and industrial \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	68,561	276,165
Term loans amortized by cost basis, in one year prior to current fiscal year	212,020	93,809
Term loans amortized by cost basis, in two years prior to current fiscal year	68,709	45,976
Term loans amortized by cost basis, in three years prior to current fiscal year	36,354	57,989
Term loans amortized by cost basis, in four years prior to current fiscal year	37,695	6,106
Prior	12,746	6,004
Revolving Loans Amortized Cost Basis	357,640	330,072
Total	793,725	816,121
Pass \| US commercial loans \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	55,907	85,394
Term loans amortized by cost basis, in one year prior to current fiscal year	89,720	61,098
Term loans amortized by cost basis, in two years prior to current fiscal year	55,553	41,924
Term loans amortized by cost basis, in three years prior to current fiscal year	36,857	47,179
Term loans amortized by cost basis, in four years prior to current fiscal year	52,415	0
Prior	0	0
Revolving Loans Amortized Cost Basis	305,650	171,928
Total	596,102	407,523
Special Mention \| Commercial secured by real estate \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	654
Term loans amortized by cost basis, in one year prior to current fiscal year	0	628
Term loans amortized by cost basis, in two years prior to current fiscal year	5,887	32,578
Term loans amortized by cost basis, in three years prior to current fiscal year	1,407	4,581
Term loans amortized by cost basis, in four years prior to current fiscal year	2,769	4,053
Prior	12,527	5,102
Revolving Loans Amortized Cost Basis	185	643
Total	22,775	48,239
Special Mention \| Other commercial and industrial \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	11	78
Term loans amortized by cost basis, in one year prior to current fiscal year	0	23
Term loans amortized by cost basis, in two years prior to current fiscal year	239	8,076
Term loans amortized by cost basis, in three years prior to current fiscal year	686	2,213
Term loans amortized by cost basis, in four years prior to current fiscal year	1,883	3,525
Prior	16	0
Revolving Loans Amortized Cost Basis	301	13,642
Total	3,136	27,557
Special Mention \| US commercial loans \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	1,515
Term loans amortized by cost basis, in three years prior to current fiscal year	0	19,095
Term loans amortized by cost basis, in four years prior to current fiscal year	4,449	0
Prior	0	0
Revolving Loans Amortized Cost Basis	10,000	0
Total	14,449	20,610
Substandard \| Commercial secured by real estate \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	103	8,415
Term loans amortized by cost basis, in one year prior to current fiscal year	8,484	10,694
Term loans amortized by cost basis, in two years prior to current fiscal year	10,070	58
Term loans amortized by cost basis, in three years prior to current fiscal year	415	849
Term loans amortized by cost basis, in four years prior to current fiscal year	487	1,357
Prior	15,664	17,555
Revolving Loans Amortized Cost Basis	2,389	1,671
Total	37,612	40,599
Substandard \| Other commercial and industrial \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	119	112
Term loans amortized by cost basis, in one year prior to current fiscal year	0	48
Term loans amortized by cost basis, in two years prior to current fiscal year	167	155
Term loans amortized by cost basis, in three years prior to current fiscal year	502	394
Term loans amortized by cost basis, in four years prior to current fiscal year	470	81
Prior	89	28
Revolving Loans Amortized Cost Basis	1,987	1,513
Total	3,334	2,331
Substandard \| US commercial loans \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	3,713	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	7,156
Term loans amortized by cost basis, in two years prior to current fiscal year	8,118	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	9,651
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	11,831	16,807
Doubtful \| Commercial secured by real estate \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	16	22
Revolving Loans Amortized Cost Basis	412	744
Total	428	766
Doubtful \| Other commercial and industrial \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	42	52
Total	42	52
Doubtful \| US commercial loans \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss \| Commercial secured by real estate \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss \| Other commercial and industrial \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	0	0
Loss \| US commercial loans \| Commercial \| Non-PCD
Financing Receivable, Credit Quality Indicator [Line Items]
Term loans amortized by cost basis, in current fiscal year	0	0
Term loans amortized by cost basis, in one year prior to current fiscal year	0	0
Term loans amortized by cost basis, in two years prior to current fiscal year	0	0
Term loans amortized by cost basis, in three years prior to current fiscal year	0	0
Term loans amortized by cost basis, in four years prior to current fiscal year	0	0
Prior	0	0
Revolving Loans Amortized Cost Basis	0	0
Total	$ 0	$ 0

ALLOWANCE FOR CREDIT LOSSES (Na

ALLOWANCE FOR CREDIT LOSSES (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) loan	Sep. 30, 2021 USD ($)
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses	$ 7,120	$ (4,997)	$ 15,362	$ (6,978)
(Decrease) increase in allowance for credit losses			(775)
Net charge-off			(16,500)
(Decrease) increase in net charge-offs			$ 806
Number of commercial loans \| loan	2		2
Hurricane Fiona
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses			$ 6,900
Changes in Economic and Loss Rate Models and Miscellaneous Reserves
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses			(1,600)
Loan sales
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses			16,700
Commercial loans
Financing Receivable, Allowance for Credit Loss [Line Items]
(Decrease) increase in net charge-offs			(1,400)
Mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
(Decrease) increase in net charge-offs			7,200
Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
(Decrease) increase in net charge-offs			(593)
Auto and leasing
Financing Receivable, Allowance for Credit Loss [Line Items]
(Decrease) increase in net charge-offs			(4,400)
PCD
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses	$ (2,777)	(2,646)	(15,420)	100
Recoveries	737	2,441	6,238	4,390
PCD \| Commercial loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses	(786)	(2,838)	(6,105)	(7,304)
Charge-offs for previously reserved amount				6,500
Recoveries	268	1,316	3,540	2,183
PCD \| Commercial loans \| Puerto Rico \| Government
Financing Receivable, Allowance for Credit Loss [Line Items]
Recoveries			2,800
PCD \| Mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses	(1,735)	649	(8,766)	8,370
Recoveries	191	641	2,062	971
PCD \| Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses	(40)	(220)	(43)	(272)
Recoveries	47	219	83	274
PCD \| Auto and leasing
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses	(216)	(237)	(506)	(694)
Recoveries	231	265	553	962
Non-PCD
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses	10,247	(2,148)	31,112	(6,764)
Recoveries	6,900	7,745	21,863	23,055
Non-PCD \| Commercial loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses	3,108	(3,323)	15,663	(6,284)
Charge-offs for previously reserved amount	6,600		6,600
Previously reserved amount	5,500		5,500
Charge-offs associated with loans sold			2,500
Recoveries	214	558	862	1,983
Non-PCD \| Mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses	(1,741)	240	(7,281)	(2,831)
Recoveries	280	419	2,689	1,227
Non-PCD \| Consumer
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses	4,555	259	13,039	174
Recoveries	732	894	2,182	2,157
Non-PCD \| Auto and leasing
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses	4,325	676	9,691	2,177
Recoveries	$ 5,674	$ 5,874	16,130	$ 17,688
Improved Macroeconomic Conditions
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses			(8,600)
Total Past Due \| Commercial loans
Financing Receivable, Allowance for Credit Loss [Line Items]
Provision for (recapture of) credit losses			8,900
Total Past Due \| Non-PCD \| Mortgage \| Loan sales
Financing Receivable, Allowance for Credit Loss [Line Items]
Recoveries			$ 1,100

ALLOWANCE FOR CREDIT LOSSES (Al

ALLOWANCE FOR CREDIT LOSSES (Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period			$ 155,937
Provision for (recapture of) credit losses	$ 7,120	$ (4,997)	15,362	$ (6,978)
Balance at end of period	155,162	180,872	155,162	180,872
Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at end of period	40,737	44,406	40,737	44,406
Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at end of period	21,158	47,257	21,158	47,257
Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at end of period	24,251	17,885	24,251	17,885
Auto and leasing
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at end of period	69,016	71,324	69,016	71,324
Non-PCD
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	143,896	148,314	132,065	161,015
Provision for (recapture of) credit losses	10,247	(2,148)	31,112	(6,764)
Charge-offs	(18,626)	(15,037)	(42,623)	(38,432)
Recoveries	6,900	7,745	21,863	23,055
Balance at end of period	142,417	138,874	142,417	138,874
Non-PCD \| Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	42,014	43,523	32,262	45,779
Provision for (recapture of) credit losses	3,108	(3,323)	15,663	(6,284)
Charge-offs	(6,485)	(7,518)	(9,936)	(8,238)
Recoveries	214	558	862	1,983
Balance at end of period	38,851	33,240	38,851	33,240
Non-PCD \| Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	11,906	16,368	15,299	19,687
Provision for (recapture of) credit losses	(1,741)	240	(7,281)	(2,831)
Charge-offs	(14)	(160)	(276)	(1,216)
Recoveries	280	419	2,689	1,227
Balance at end of period	10,431	16,867	10,431	16,867
Non-PCD \| Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	23,109	19,065	19,141	25,253
Provision for (recapture of) credit losses	4,555	259	13,039	174
Charge-offs	(4,163)	(2,370)	(10,129)	(9,736)
Recoveries	732	894	2,182	2,157
Balance at end of period	24,233	17,848	24,233	17,848
Non-PCD \| Auto and leasing
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	66,867	69,358	65,363	70,296
Provision for (recapture of) credit losses	4,325	676	9,691	2,177
Charge-offs	(7,964)	(4,989)	(22,282)	(19,242)
Recoveries	5,674	5,874	16,130	17,688
Balance at end of period	68,902	70,919	68,902	70,919
PCD
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	15,143	43,403	23,872	43,794
Provision for (recapture of) credit losses	(2,777)	(2,646)	(15,420)	100
Charge-offs	(358)	(1,200)	(1,945)	(6,286)
Recoveries	737	2,441	6,238	4,390
Balance at end of period	12,745	41,998	12,745	41,998
PCD \| Commercial
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	2,427	12,756	4,508	16,405
Provision for (recapture of) credit losses	(786)	(2,838)	(6,105)	(7,304)
Charge-offs	(23)	(68)	(57)	(118)
Recoveries	268	1,316	3,540	2,183
Balance at end of period	1,886	11,166	1,886	11,166
PCD \| Mortgage
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	12,541	30,108	19,018	26,389
Provision for (recapture of) credit losses	(1,735)	649	(8,766)	8,370
Charge-offs	(270)	(1,008)	(1,587)	(5,340)
Recoveries	191	641	2,062	971
Balance at end of period	10,727	30,390	10,727	30,390
PCD \| Consumer
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	20	38	34	57
Provision for (recapture of) credit losses	(40)	(220)	(43)	(272)
Charge-offs	(9)	0	(56)	(22)
Recoveries	47	219	83	274
Balance at end of period	18	37	18	37
PCD \| Auto and leasing
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of period	155	501	312	943
Provision for (recapture of) credit losses	(216)	(237)	(506)	(694)
Charge-offs	(56)	(124)	(245)	(806)
Recoveries	231	265	553	962
Balance at end of period	$ 114	$ 405	$ 114	$ 405

FORECLOSED REAL ESTATE (Foreclo

FORECLOSED REAL ESTATE (Foreclosed Real Estate Rollforward) (Details) - Originated Loans - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Other Real Estate Owned Rollforward [Line Items]
Foreclosed real estate beginning balance	$ 15,061	$ 15,093	$ 15,039	$ 11,596
Additions	1,454	4,842	7,183	14,386
Sales	(3,919)	(5,978)	(11,866)	(11,499)
Decline in value	(322)	(445)	(736)	(1,205)
Other adjustments	2,287	392	4,941	626
Foreclosed real estate ending balance	$ 14,561	$ 13,904	$ 14,561	$ 13,904

SERVICING ASSETS (Narrative) (D

SERVICING ASSETS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Servicing Assets at Fair Value [Line Items]
Fair value of servicing asset	$ 50,061	$ 48,227	$ 50,061	$ 48,227	$ 49,280	$ 48,973	$ 47,712	$ 47,295
Servicing fees on mortgage loans	621	995	2,427	2,480
Conventional Mortgage Loan
Servicing Assets at Fair Value [Line Items]
Servicing fees on mortgage loans	$ 5,100	$ 5,400	$ 15,300	$ 15,900

SERVICING ASSETS (Changes in Se

SERVICING ASSETS (Changes in Serving Rights at Fair Value) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Servicing Asset at Fair Value, Amount [Roll Forward]
Fair value at beginning of period	$ 49,280	$ 47,712	$ 48,973	$ 47,295
Servicing from mortgage securitization or asset transfers	666	1,339	2,935	4,782
Changes due to payments on loans	(1,191)	(1,740)	(4,168)	(5,109)
Changes in fair value due to changes in valuation model inputs or assumptions	1,306	916	2,321	1,259
Fair value at end of period	$ 50,061	$ 48,227	$ 50,061	$ 48,227

SERVICING ASSETS (Key Economic

SERVICING ASSETS (Key Economic Assumptions) (Details)	9 Months Ended
SERVICING ASSETS (Key Economic Assumptions) (Details)	Sep. 30, 2022	Sep. 30, 2021
Minimum
Servicing Assets at Fair Value [Line Items]
Constant prepayment rate	3.38%	4.37%
Discount rate	10%	10%
Maximum
Servicing Assets at Fair Value [Line Items]
Constant prepayment rate	20.36%	21.09%
Discount rate	15.50%	15.50%

SERVICING ASSETS (Sensitivity o

SERVICING ASSETS (Sensitivity of Current Fair Value of Servicing Assets) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Transfers and Servicing [Abstract]
Carrying value of mortgage servicing asset	$ 50,061	$ 48,973
Weighted average life (in years)	7 years 9 months 18 days	7 years 9 months 18 days
Constant prepayment rate - Decrease in fair value due to 10% adverse change	$ (933)	$ (1,020)
Constant prepayment rate - Decrease in fair value due to 20% adverse change	(1,837)	(2,004)
Discount rate - Decrease in fair value due to 10% adverse change	(2,247)	(2,175)
Discount rate - Decrease in fair value due to 20% adverse change	$ (4,320)	$ (4,183)

DERIVATIVES (Narrative) (Detail

DERIVATIVES (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Notional amount of derivative contracts outstanding	$ 27,100	$ 28,500
Derivative assets	438	1
Derivative liabilities	$ 28	$ 804

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS (Narrative) (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 86,069,000		$ 86,069,000		$ 86,069,000
Increase (decrease) in carrying amount of goodwill			0		0
Impairment of goodwill			0		0
Amortization of intangible assets	2,100,000	$ 2,500,000	6,431,000	$ 7,351,000
Banking Segment
Finite-Lived Intangible Assets [Line Items]
Goodwill	84,100,000		84,100,000		84,100,000
Wealth Management
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 2,000,000		$ 2,000,000		$ 2,000,000

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS (Schedule of Core Deposit, Customer Relationship and Other Intangibles) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 63,240	$ 69,722
Accumulated Amortization	33,578	33,629
Net Carrying Value	29,662	36,093
Core deposit intangibles
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	49,980	51,402
Accumulated Amortization	27,265	23,772
Net Carrying Value	22,715	27,630
Customer relationship intangibles
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	12,693	17,753
Accumulated Amortization	5,770	9,385
Net Carrying Value	6,923	8,368
Other intangibles
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	567	567
Accumulated Amortization	543	472
Net Carrying Value	$ 24	$ 95

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS (Estimated Amortization of Other Intangible Assets) (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 8,501
2023	6,898
2024	5,913
2025	4,927
2026	3,942
Thereafter	$ 5,912

ACCRUED INTEREST RECEIVABLE A_3

ACCRUED INTEREST RECEIVABLE AND OTHER ASSETS (Schedule of Accrued Interest Receivable) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest receivable	$ 59,400	$ 56,560
Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest receivable	53,825	54,794
Investments
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accrued interest receivable	$ 5,575	$ 1,766

ACCRUED INTEREST RECEIVABLE A_4

ACCRUED INTEREST RECEIVABLE AND OTHER ASSETS (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Other assets [Line Items]
Allowance for credit losses	$ 155,162	$ 155,937	$ 180,872
Prepaid expenses	69,742	61,061
Prepaid municipal, property, and income taxes	59,900	54,600
Other repossessed assets	3,307	1,945
COVID-19 Deferral Program Loans
Other assets [Line Items]
Accrued interest receivable	21,900	23,900
COVID-19 Deferral Program Loans \| Accrued Income Receivable
Other assets [Line Items]
Allowance for credit losses	206	161
COVID-19 Deferral Program Loans \| Current
Other assets [Line Items]
Accrued interest receivable	$ 20,800	$ 21,500

ACCRUED INTEREST RECEIVABLE A_5

ACCRUED INTEREST RECEIVABLE AND OTHER ASSETS (Other Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Accrued Interest Receivable and Other Assets [Abstract]
Prepaid expenses	$ 69,742	$ 61,061
Other repossessed assets	3,307	1,945
Investment in Statutory Trust	0	1,083
Accounts receivable and other assets	68,767	88,756
Other assets	$ 141,816	$ 152,845

DEPOSITS AND RELATED INTEREST_2

DEPOSITS AND RELATED INTEREST (Deposits by Components) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Deposits and Related Interest [Abstract]
Non-interest bearing demand deposits	$ 2,672,064	$ 2,501,644
Interest-bearing savings and demand deposits	5,089,918	4,880,476
Retail certificates of deposit	902,432	1,007,577
Institutional certificates of deposit	179,337	202,050
Total core deposits	8,843,751	8,591,747
Brokered deposits	11,366	11,371
Total deposits	$ 8,855,117	$ 8,603,118

DEPOSITS AND RELATED INTEREST_3

DEPOSITS AND RELATED INTEREST (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Deposits and Related Interest [Line Items]
Uninsured deposits	$ 3,688,000	$ 3,270,000
Weighted average interest rate of deposits	0.36%	0.49%
Time deposits in denominations in excess of $250,000	$ 307,300	$ 360,800
Deposits	8,855,117	8,603,118
Public funds collateral investments	359,500	228,900
Accrued interest on time deposits	456	736
Overdrafts in demand deposit accounts	521	491
Government \| Puerto Rico
Deposits and Related Interest [Line Items]
Deposits	$ 342,800	$ 183,800

DEPOSITS AND RELATED INTEREST_4

DEPOSITS AND RELATED INTEREST (Interest Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Deposits and Related Interest [Abstract]
Demand and savings deposits	$ 6,299	$ 5,767	$ 16,376	$ 18,347
Certificates of deposit	1,688	2,924	5,596	12,828
Total	$ 7,987	$ 8,691	$ 21,972	$ 31,175

DEPOSITS AND RELATED INTEREST_5

DEPOSITS AND RELATED INTEREST (Maturities of Time Deposits) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Period-end amount, within one year:
Three months or less	$ 197,350	$ 252,513
Over 3 months through 6 months	162,325	147,400
Over 6 months through 1 year	270,170	239,830
Within one year	629,845	639,743
Period-end amount, after one year:
Over 1 through 2 years	229,057	328,177
Over 2 through 3 years	129,673	114,403
Over 3 through 4 years	61,276	77,604
Over 4 through 5 years	37,846	58,918
Over 5 years	4,982	1,417
Certificates of deposit	1,092,679	1,220,262
Uninsured amount, within one year:
Three months or less	21,238	25,003
Over 3 months through 6 months	29,453	12,113
Over 6 months through 1 year	31,859	45,280
Within one year	82,550	82,396
Uninsured amount, after one year:
Over 1 through 2 years	37,371	60,108
Over 2 through 3 years	24,985	18,578
Over 3 through 4 years	12,489	22,536
Over 4 through 5 years	2,140	8,505
Over 5 years	3,750	0
Uninsured amount	$ 163,285	$ 192,123

BORROWINGS AND RELATED INTERE_3

BORROWINGS AND RELATED INTEREST (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Sep. 30, 2003
Debt Instrument [Line Items]
Loans, gross	$ 6,684,965			$ 6,684,965		$ 6,402,586
Trust redeemable preferred securities issued							$ 35,000
Gain from early debt extinguishment	$ 0		$ 0	$ 42	$ 0
Advances from the Federal Home Loan Bank
Debt Instrument [Line Items]
Minimum amount of qualifying collateral	110%			110%
Additional borrowing capacity	$ 682,300			$ 682,300		$ 697,300
Weighted average period remaining maturity of FHLB advances				1 day		3 days
Original debt instrument term of FHLB advances				1 month
Accrued interest payable	65			$ 65		$ 8
Advances from the Federal Home Loan Bank \| Asset Pledged as Collateral
Debt Instrument [Line Items]
Loans, gross	$ 974,800			$ 974,800		$ 949,000
Junior Subordinated Debt
Debt Instrument [Line Items]
Par value of subordinated deferrable interest debenture		$ 36,100					$ 36,100
Write off of unamortized issuance costs		405
Gain from early debt extinguishment		$ 42
Effective interest rate		3.23%
Junior Subordinated Debt \| LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate		2.95%

BORROWINGS AND RELATED INTERE_4

BORROWINGS AND RELATED INTEREST (Schedule of Federal Home Loan Bank Advances And Maturity) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Advances from the Federal Home Loan Bank \| Under 90 days
Debt Instrument [Line Items]
Debt and lease obligation	$ 27,088	$ 28,480
Short-Term Fixed-Rate Advances from FHLB \| Advances from the Federal Home Loan Bank
Debt Instrument [Line Items]
Debt and lease obligation	$ 27,088	$ 28,480
Short-Term Fixed-Rate Advances from FHLB \| Advances from the Federal Home Loan Bank
Debt Instrument [Line Items]
Weighted average interest rate of FHLB advances	2.85%	0.35%

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
INCOME TAXES (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2022	Dec. 31, 2021
Income Tax Examination [Line Items]
Statutory tax rate			37.50%
Deferred tax assets, valuation allowance	$ 10,000		$ 10,000			$ 9,600
Deferred tax asset, net	66,100		66,100			99,100
Increase in valuation allowance			$ 322
Effective tax rate			31.90%	32%
Unrecognized tax benefits	849		$ 849			$ 798
Income tax expense	$ 20,599	$ 19,624	$ 56,095	$ 53,122
Forecast
Income Tax Examination [Line Items]
Expected effective tax rate for 2022					32.30%

REGULATORY CAPITAL REQUIREMEN_3

REGULATORY CAPITAL REQUIREMENTS (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
OFG Bancorp
Amount
Actual - Total capital to risk-weighted assets	$ 1,088,584	$ 1,086,897
Actual - Tier 1 capital to risk-weighted assets	995,342	999,284
Actual - Common equity tier 1 capital to risk-weighted assets	995,342	964,284
Actual - Tier 1 capital to average total assets	995,342	999,284
Minimum Capital Requirement - Total capital to risk-weighted assets	781,251	735,512
Minimum Capital Requirement - Tier 1 capital to risk-weighted assets	632,441	595,414
Minimum Capital Requirement - Common equity tier 1 capital to risk-weighted assets	520,834	490,341
Minimum Capital Requirement - Tier 1 capital to average total assets	405,324	412,359
Minimum to be Well Capitalized - Total capital to risk-weighted assets	744,048	700,488
Minimum to be Well Capitalized - Tier 1 capital to risk-weighted assets	595,239	560,390
Minimum to be Well Capitalized - Common equity tier 1 capital to risk-weighted assets	483,631	455,317
Minimum to be Well Capitalized - Tier 1 capital to average total assets	$ 506,655	$ 515,449
Ratio
Actual - total capital to risk-weighted assets	0.1463	0.1552
Actual - Tier 1 capital to risk-weighted assets	0.1338	0.1427
Actual - Common equity tier 1 capital to risk-weighted assets	13.38%	13.77%
Actual - Tier 1 capital to average total assets	0.0982	0.0969
Minimum Capital Requirement - Total capital to risk-weighted assets	0.1050	0.1050
Minimum Capital Requirement - Tier 1 capital to risk-weighted assets	0.0850	0.0850
Minimum Capital Requirement - Common equity tier 1 capital to risk-weighted assets	7%	7%
Minimum Capital Requirement - Tier 1 capital to average total assets	0.0400	0.0400
Minimum to be Well Capitalized - Total capital to risk-weighted assets	0.1000	0.1000
Minimum to be Well Capitalized - Tier 1 capital to risk-weighted assets	0.0800	0.0800
Minimum to be Well Capitalized - Common equity tier 1 capital to risk-weighted assets	6.50%	6.50%
Minimum to be Well Capitalized - Tier 1 capital to average total assets	0.0500	0.0500
Bank
Amount
Actual - Total capital to risk-weighted assets	$ 1,018,214	$ 995,549
Actual - Tier 1 capital to risk-weighted assets	925,532	908,717
Actual - Common equity tier 1 capital to risk-weighted assets	925,532	908,717
Actual - Tier 1 capital to average total assets	925,532	908,717
Minimum Capital Requirement - Total capital to risk-weighted assets	776,492	728,867
Minimum Capital Requirement - Tier 1 capital to risk-weighted assets	628,589	590,035
Minimum Capital Requirement - Common equity tier 1 capital to risk-weighted assets	517,662	485,911
Minimum Capital Requirement - Tier 1 capital to average total assets	402,755	409,855
Minimum to be Well Capitalized - Total capital to risk-weighted assets	739,517	694,159
Minimum to be Well Capitalized - Tier 1 capital to risk-weighted assets	591,613	555,327
Minimum to be Well Capitalized - Common equity tier 1 capital to risk-weighted assets	480,686	451,203
Minimum to be Well Capitalized - Tier 1 capital to average total assets	$ 503,443	$ 512,319
Ratio
Actual - total capital to risk-weighted assets	0.1377	0.1434
Actual - Tier 1 capital to risk-weighted assets	0.1252	0.1309
Actual - Common equity tier 1 capital to risk-weighted assets	12.52%	13.09%
Actual - Tier 1 capital to average total assets	0.0919	0.0887
Minimum Capital Requirement - Total capital to risk-weighted assets	0.1050	0.1050
Minimum Capital Requirement - Tier 1 capital to risk-weighted assets	0.0850	0.0850
Minimum Capital Requirement - Common equity tier 1 capital to risk-weighted assets	7%	7%
Minimum Capital Requirement - Tier 1 capital to average total assets	0.0400	0.0400
Minimum to be Well Capitalized - Total capital to risk-weighted assets	0.1000	0.1000
Minimum to be Well Capitalized - Tier 1 capital to risk-weighted assets	0.0800	0.0800
Minimum to be Well Capitalized - Common equity tier 1 capital to risk-weighted assets	6.50%	6.50%
Minimum to be Well Capitalized - Tier 1 capital to average total assets	0.0500	0.0500

STOCKHOLDERS_ EQUITY (Narrative

STOCKHOLDERS’ EQUITY (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jan. 31, 2022	Dec. 31, 2021
Equity, Class of Treasury Stock [Line Items]
Common stock	$ 59,885			$ 59,885
Legal surplus	129,400			117,700
Stock repurchase program, authorized amount	$ 100,000	$ 50,000	$ 100,000
Shares repurchased during period (in shares)	2,351,868	1,684,921
Shares purchased (in shares)	0
Common shares repurchased	$ 64,110	$ 40,161
Share repurchased, average price per share (in dollars per share)	$ 27.26	$ 23.83
Stock repurchase program, remaining number of shares authorized to be repurchased (in shares)	1,428,166
Stock repurchase program, remaining authorized repurchase amount	$ 35,900
Share price (in dollars per share)	$ 25.13
Preferred stock
Equity, Class of Treasury Stock [Line Items]
Redemption of preferred stock		$ 92,000
Preferred stock, redemption price (in dollars per share)		$ 25
Common stock
Equity, Class of Treasury Stock [Line Items]
Accumulated common stock issuance costs charged against paid in capital	$ 13,600			$ 13,600

STOCKHOLDERS_ EQUITY (Activity

STOCKHOLDERS’ EQUITY (Activity of Common Shares Held in Treasury) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Shares
Beginning of period (in shares)	10,248,882	8,498,163
Common shares used upon lapse of restricted stock units and options (in shares)	(278,788)	(275,086)
Common shares repurchased as part of the stock repurchase programs (in shares)	2,351,868	1,684,921
End of period (in shares)	12,321,962	9,907,998
Dollar Amount
Beginning of period	$ 150,572	$ 102,949
Common shares used upon lapse of restricted stock units and options	(3,544)	(2,248)
Common shares repurchased as part of the stock repurchase programs	64,110	40,161
End of period	$ 211,138	$ 140,862

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Accumulated Comprehensive Income, Net of Income Tax) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized gain (loss) on cash flow hedges	$ 245	$ 157	$ 1,214	$ 576
Accumulated other comprehensive (loss) income, net of income taxes	(103,889)		(103,889)		$ 5,160
AOCI Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive (loss) income, net of income taxes	(103,889)		(103,889)		5,160
Net unrealized gain (loss) on securities available-for-sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized (loss) gain on securities available-for-sale which are not other-than-temporarily impaired			(122,242)		7,292
Income tax effect of unrealized loss (gain) on securities available-for-sale			18,097		(1,629)
Net unrealized (loss) gain on securities available-for-sale which are not other-than-temporarily impaired	$ (104,145)		(104,145)		5,663
Net unrealized gain (loss) on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized gain (loss) on cash flow hedges			410		(804)
Income tax effect of unrealized (gain) loss on cash flow hedges			(154)		301
Net unrealized gain (loss) on cash flow hedges			$ 256		$ (503)

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Changes in Other Comprehensive Income by Components) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period			$ 1,069,160
Other comprehensive (loss) income before reclassifications	$ (54,567)	$ 568	(109,610)	$ (3,768)
Amounts reclassified out of accumulated other comprehensive loss	180	452	561	1,366
Other comprehensive (loss) income	(54,387)	1,020	(109,049)	(2,402)
Balance at end of period	993,867	1,053,665	993,867	1,053,665
Net unrealized gain (loss) on securities available-for-sale
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(49,606)	8,408	5,663	12,092
Other comprehensive (loss) income before reclassifications	(54,541)	920	(109,814)	(2,767)
Amounts reclassified out of accumulated other comprehensive loss	2	2	6	5
Other comprehensive (loss) income	(54,539)	922	(109,808)	(2,762)
Balance at end of period	(104,145)	9,330	(104,145)	9,330
Net unrealized gain (loss) on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	104	(808)	(503)	(1,070)
Other comprehensive (loss) income before reclassifications	(26)	(352)	204	(1,001)
Amounts reclassified out of accumulated other comprehensive loss	178	450	555	1,361
Other comprehensive (loss) income	152	98	759	360
Balance at end of period	256	(710)	256	(710)
Accumulated other comprehensive (loss) income
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period	(49,502)	7,600	5,160	11,022
Balance at end of period	$ (103,889)	$ 8,620	$ (103,889)	$ 8,620

ACCUMULATED OTHER COMPREHENSI_5

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Reclassifications Out of Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net interest expense	$ 8,165	$ 9,434	$ 23,048	$ 33,418
Income tax expense	20,599	19,624	56,095	53,122
Net income	41,919	41,671	119,872	112,871
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net income	180	452	561	1,366
Reclassification out of Accumulated Other Comprehensive Income \| Net unrealized gain (loss) on securities available-for-sale
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax expense	2	2	6	5
Reclassification out of Accumulated Other Comprehensive Income \| Interest Rate Contract \| Net unrealized gain (loss) on cash flow hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Net interest expense	$ 178	$ 450	$ 555	$ 1,361

EARNINGS PER COMMON SHARE (Sche

EARNINGS PER COMMON SHARE (Schedule of Earnings Per Share Basic and Diluted) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ 41,919	$ 41,671	$ 119,872	$ 112,871
Income available to common shareholders	$ 41,919	$ 41,671	$ 119,872	$ 111,616
Average common shares outstanding (in shares)	47,558	51,063	48,188	51,364
Average potential common shares-options (in shares)	368	453	406	384
Total weighted average common shares outstanding and equivalents (in shares)	47,926	51,516	48,594	51,748
Earnings per common share - basic (in dollars per share)	$ 0.88	$ 0.82	$ 2.49	$ 2.18
Earnings per common share - diluted (in dollars per share)	$ 0.87	$ 0.81	$ 2.47	$ 2.15
Preferred Non-Convertible Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Non-convertible preferred stock (Series A, B, and D)	$ 0	$ 0	$ 0	$ 1,255

EARNINGS PER COMMON SHARE (Narr

EARNINGS PER COMMON SHARE (Narrative) (Details) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Weighted average stock options with an anti dilutive effect excluded from calculation of earnings per share (in shares)	0	0	1,070	3,075
Quarterly common stock cash dividend (in dollars per share)	$ 0.20	$ 0.12	$ 0.50	$ 0.28

GUARANTEES (Narrative) (Details

GUARANTEES (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
GUARANTEES (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Guarantor Obligations [Line Items]
Acquired standby letters of credit and financial guarantees	$ 25,700		$ 25,700		$ 25,200
Repurchased loans not subject to credit recourse provision	5,000	$ 8,800	20,300	$ 31,400
Gain (loss) from early extinguishment of debt	0	0	42	0
Amount of serviced loans	5,800,000		5,800,000		5,700,000
Funds advanced to investors under servicing agreements	10,400		10,400		12,900
Recourse
Guarantor Obligations [Line Items]
Unpaid principal balance of residential subject loans subject to credit recourse	113,444		113,444		121,778
Repurchased GNMA	119	517	1,500	2,400
Liability for estimated credit losses to loans sold with credit recourse	168		168		294
Gain (loss) from early extinguishment of debt	6	(85)	127	(153)
Nonrecourse
Guarantor Obligations [Line Items]
Gain (loss) from early extinguishment of debt	(210)	$ (728)	(261)	$ (3,500)
Loan serviced under representation warranties \| Nonrecourse
Guarantor Obligations [Line Items]
Unpaid principal balance of residential subject loans subject to credit recourse	$ 1,600		$ 1,600		$ 3,400

GUARANTEES (Changes in Liabilit

GUARANTEES (Changes in Liability of Estimated Loss from Credit Recourse Agreement) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Movement in Liabilities for Guarantees on Long-Duration Contracts, Guaranteed Benefit Liability, Gross [Roll Forward]
Balance at beginning of period	$ 174	$ 205	$ 294	$ 218
Net recoveries (charge-offs/terminations)	(6)	86	(126)	73
Balance at end of period	$ 168	$ 291	$ 168	$ 291

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Summarized Credit-Related Financial Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments to extend credit	$ 1,369,459	$ 1,365,273
Commercial letters of credit	2,599	48,196
Standby letters of credit and financial guarantees	25,670	25,203
Recourse
Other Commitments [Line Items]
Loans sold with recourse	$ 113,444	$ 121,778

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Other Commitments [Line Items]
Allowance for credit losses for off-balance sheet	$ 632	$ 1,000
Other non-credit commitments	21,700	8,900
Contingency loss accrued liability	3,000	7,000
Technology Commitments
Other Commitments [Line Items]
Commitments for capital expenditures in technology	$ 7,900	$ 15,400

OPERATING LEASES (Operating Lea

OPERATING LEASES (Operating Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Lessee Disclosure [Abstract]
Lease costs	$ 5,188	$ 2,590	$ 7,851	$ 8,814
Variable lease costs	873	348	1,157	1,336
Short-term lease cost	448	414	730	560
Lease income	(128)	(110)	(181)	(342)
Total lease cost	$ 6,380	$ 3,242	$ 9,557	$ 10,368

OPERATING LEASES (Operating L_2

OPERATING LEASES (Operating Lease Assets and Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Lessee Disclosure [Abstract]
Right-of-use assets	$ 26,192	$ 28,846
Lease Liabilities	$ 28,114	$ 30,498

OPERATING LEASES (Operating L_3

OPERATING LEASES (Operating Lease Terms) (Details)	Sep. 30, 2022
Lessee Disclosure [Abstract]
Weighted-average remaining lease term (in years)	5 years 2 months 12 days
Weighted-average discount rate (percentage)	6.60%

OPERATING LEASES (Future Minimu

OPERATING LEASES (Future Minimum Payments for Operating Leases and Present Value) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Lessee Disclosure [Abstract]
2022	$ 2,385
2023	8,936
2024	6,665
2025	4,729
2026	3,034
Thereafter	7,997
Total lease payments	33,745
Less imputed interest	5,631
Present value of lease liabilities	$ 28,114	$ 30,498

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Assets and Liabilities on Recurring and Non-Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	$ 1,478,409		$ 510,713
Trading securities	11		20
Money market investments	4,988		8,952	$ 9,837
Derivative assets	438		1
Servicing assets	50,061	$ 49,280	48,973	$ 48,227	$ 47,712	$ 47,295
Other repossessed assets	3,307		1,945
Recurring fair value measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,478,409		510,713
Trading securities	11		20
Money market investments	4,988		8,952
Derivative assets	438		1
Servicing assets	50,061		48,973
Derivative liabilities	(28)		(804)
Total	1,533,879		567,855
Recurring fair value measurements \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	401,414		10,825
Trading securities	0		0
Money market investments	4,988		8,952
Derivative assets	0		0
Servicing assets	0		0
Derivative liabilities	0		0
Total	406,402		19,777
Recurring fair value measurements \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	1,076,596		498,358
Trading securities	11		20
Money market investments	0		0
Derivative assets	438		1
Servicing assets	0		0
Derivative liabilities	(28)		(804)
Total	1,077,017		497,575
Recurring fair value measurements \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment securities available-for-sale	399		1,530
Trading securities	0		0
Money market investments	0		0
Derivative assets	0		0
Servicing assets	50,061		48,973
Derivative liabilities	0		0
Total	50,460		50,503
Non-recurring fair value measurements
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	19,977		10,233
Foreclosed real estate	14,561		15,039
Other repossessed assets	3,307		1,945
Total	37,845		27,217
Non-recurring fair value measurements \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	0		0
Foreclosed real estate	0		0
Other repossessed assets	0		0
Total	0		0
Non-recurring fair value measurements \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	0		0
Foreclosed real estate	0		0
Other repossessed assets	0		0
Total	0		0
Non-recurring fair value measurements \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Collateral dependent loans	19,977		10,233
Foreclosed real estate	14,561		15,039
Other repossessed assets	3,307		1,945
Total	$ 37,845		$ 27,217

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS (Reconciliation of Assets and Liabilities Using Significant Unobservable Inputs (Level 3)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Transfer from Level 2	$ 0	$ 0	$ 0	$ 0
Recurring fair value measurements \| Level 3
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning period	50,861	47,712	50,503	47,295
New instruments acquired	1,042	1,339	3,311	4,782
Transfer from Level 2	0	1,500	0	1,500
Principal repayments and amortization	(1,191)	(1,740)	(4,168)	(5,109)
Instrument converted to equity security	(1,581)	0	(1,581)	0
Gains (losses) included in earnings	1,306	916	2,321	1,259
Gains included in other comprehensive income	23	7	74	7
Balance at end of period	50,460	49,734	50,460	49,734
Recurring fair value measurements \| Level 3 \| Other debt securities available for sale
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning period	1,581	0	1,530	0
New instruments acquired	376	0	376	0
Transfer from Level 2	0	1,500	0	1,500
Principal repayments and amortization	0	0	0	0
Instrument converted to equity security	(1,581)	0	(1,581)	0
Gains (losses) included in earnings	0	0	0	0
Gains included in other comprehensive income	23	7	74	7
Balance at end of period	399	1,507	399	1,507
Recurring fair value measurements \| Level 3 \| Servicing Assets
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Balance at beginning period	49,280	47,712	48,973	47,295
New instruments acquired	666	1,339	2,935	4,782
Transfer from Level 2	0	0	0	0
Principal repayments and amortization	(1,191)	(1,740)	(4,168)	(5,109)
Instrument converted to equity security	0	0	0	0
Gains (losses) included in earnings	1,306	916	2,321	1,259
Gains included in other comprehensive income	0	0	0	0
Balance at end of period	$ 50,061	$ 48,227	$ 50,061	$ 48,227

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS (Narrative) (Details)	3 Months Ended		9 Months Ended
FAIR VALUE OF FINANCIAL INSTRUMENTS (Narrative) (Details)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers out of Level 3		$ 0		$ 0
Transfers into Level 3	$ 0	$ 0	$ 0	$ 0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of security categorized as other debt	1		1

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS (Qualitative Information for Assets and Liabilities) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2020 USD ($)
Fair Value
Investment securities available-for-sale	$ 1,478,409			$ 510,713
Servicing assets	50,061	$ 48,227	$ 49,280	48,973	$ 47,712	$ 47,295
Other repossessed assets	$ 3,307			$ 1,945
Minimum
Unobservable Input
Constant prepayment rate	3.38%	4.37%
Maximum
Unobservable Input
Constant prepayment rate	20.36%	21.09%
Level 3 \| Cash flow valuation \| Other debt securities available for sale
Fair Value
Investment securities available-for-sale	$ 399
Level 3 \| Cash flow valuation \| Other debt securities available for sale \| Recovery Rate
Unobservable Input
Other debt securities, measurement input	0.3473
Level 3 \| Cash flow valuation \| Servicing Assets
Fair Value
Servicing assets	$ 50,061
Level 3 \| Cash flow valuation \| Minimum \| Other debt securities available for sale
Unobservable Input
Credit rating	Baa1
Level 3 \| Cash flow valuation \| Minimum \| Other debt securities available for sale \| Probability of Default Rate
Unobservable Input
Other debt securities, measurement input	0.0015
Level 3 \| Cash flow valuation \| Minimum \| Servicing Assets
Unobservable Input
Constant prepayment rate	3.38%
Discount rate	10%
Level 3 \| Cash flow valuation \| Maximum \| Other debt securities available for sale
Unobservable Input
Credit rating	Baa3
Level 3 \| Cash flow valuation \| Maximum \| Other debt securities available for sale \| Probability of Default Rate
Unobservable Input
Other debt securities, measurement input	0.0212
Level 3 \| Cash flow valuation \| Maximum \| Servicing Assets
Unobservable Input
Constant prepayment rate	20.36%
Discount rate	15.50%
Level 3 \| Cash flow valuation \| Weighted Average \| Other debt securities available for sale
Unobservable Input
Credit rating	Baa2
Level 3 \| Cash flow valuation \| Weighted Average \| Other debt securities available for sale \| Probability of Default Rate
Unobservable Input
Other debt securities, measurement input	0.0015
Level 3 \| Cash flow valuation \| Weighted Average \| Other debt securities available for sale \| Recovery Rate
Unobservable Input
Other debt securities, measurement input	0.3473
Level 3 \| Cash flow valuation \| Weighted Average \| Servicing Assets
Unobservable Input
Constant prepayment rate	5.69%
Discount rate	11.45%
Level 3 \| Fair value of property or collateral \| Collateralized loan obligations
Fair Value
Collateral dependent loans	$ 19,977
Level 3 \| Fair value of property or collateral \| Foreclosed real estate
Fair Value
Foreclosed real estate	14,561
Level 3 \| Fair value of property or collateral \| Other repossessed assets
Fair Value
Other repossessed assets	$ 3,307
Level 3 \| Fair value of property or collateral \| Minimum \| Collateralized loan obligations
Unobservable Input
Appraised value less disposition costs	10.20%
Level 3 \| Fair value of property or collateral \| Minimum \| Foreclosed real estate
Unobservable Input
Appraised value less disposition costs	10.20%
Level 3 \| Fair value of property or collateral \| Minimum \| Other repossessed assets
Unobservable Input
Estimated net realizable value less disposition costs	22%
Level 3 \| Fair value of property or collateral \| Maximum \| Collateralized loan obligations
Unobservable Input
Appraised value less disposition costs	33.20%
Level 3 \| Fair value of property or collateral \| Maximum \| Foreclosed real estate
Unobservable Input
Appraised value less disposition costs	33.20%
Level 3 \| Fair value of property or collateral \| Maximum \| Other repossessed assets
Unobservable Input
Estimated net realizable value less disposition costs	80%
Level 3 \| Fair value of property or collateral \| Weighted Average \| Collateralized loan obligations
Unobservable Input
Appraised value less disposition costs	17.16%
Level 3 \| Fair value of property or collateral \| Weighted Average \| Foreclosed real estate
Unobservable Input
Appraised value less disposition costs	11.71%
Level 3 \| Fair value of property or collateral \| Weighted Average \| Other repossessed assets
Unobservable Input
Estimated net realizable value less disposition costs	62.96%

FAIR VALUE OF FINANCIAL INSTR_7

FAIR VALUE OF FINANCIAL INSTRUMENTS (Estimated Fair Value and Carrying Value) (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Financial Assets:
Restricted cash	$ 164		$ 175	$ 179
Investment securities available-for-sale	1,478,409		510,713
Trading securities	11		20
Investment securities held-to-maturity	471,718		363,653
Derivative assets	438		1
Total loans (including loans held-for-sale)	6,529,803		6,246,649
Servicing assets	50,061	$ 49,280	48,973	$ 48,227	$ 47,712	$ 47,295
Level 1 \| Fair Value
Financial Assets:
Cash and cash equivalents	815,269		2,023,475
Restricted cash	164		175
Investment securities available-for-sale	401,414		10,825
Level 1 \| Carrying Value
Financial Assets:
Cash and cash equivalents	815,269		2,023,475
Restricted cash	164		175
Investment securities available-for-sale	401,414		10,825
Level 2 \| Fair Value
Financial Assets:
Investment securities available-for-sale	1,076,596		498,358
Trading securities	11		20
Investment securities held-to-maturity	471,718		363,653
Federal Home Loan Bank (FHLB) stock	6,026		5,966
Equity securities	17,346		11,612
Derivative assets	438		1
Financial Liabilities:
Derivative liabilities	28		804
Level 2 \| Carrying Value
Financial Assets:
Investment securities available-for-sale	1,076,596		498,358
Trading securities	11		20
Investment securities held-to-maturity	540,774		367,507
Federal Home Loan Bank (FHLB) stock	6,026		5,966
Equity securities	17,346		11,612
Derivative assets	438		1
Financial Liabilities:
Derivative liabilities	28		804
Level 3 \| Fair Value
Financial Assets:
Investment securities available-for-sale	399		1,530
Total loans (including loans held-for-sale)	6,516,221		6,197,347
Accrued interest receivable	59,400		56,560
Servicing assets	50,061		48,973
Accounts receivable and other assets	68,329		88,756
Financial Liabilities:
Deposits	8,846,913		8,614,073
Advances from FHLB	27,152		28,480
Other borrowings	110		0
Subordinated capital notes	0		36,084
Accrued expenses and other liabilities	124,545		96,240
Level 3 \| Carrying Value
Financial Assets:
Investment securities available-for-sale	399		1,530
Total loans (including loans held-for-sale)	6,591,028		6,329,311
Accrued interest receivable	59,400		56,560
Servicing assets	50,061		48,973
Accounts receivable and other assets	68,329		88,756
Financial Liabilities:
Deposits	8,855,117		8,603,118
Advances from FHLB	27,153		28,488
Other borrowings	110		0
Subordinated capital notes	0		36,083
Accrued expenses and other liabilities	$ 124,545		$ 96,240

BANKING AND FINANCIAL SERVICE_3

BANKING AND FINANCIAL SERVICE REVENUES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Banking service revenues:
Checking accounts fees	$ 2,332	$ 2,279	$ 6,702	$ 6,323
Savings accounts fees	332	297	937	846
Electronic banking fees	13,335	13,937	40,509	41,458
Credit life commissions	70	182	665	369
Branch service commissions	319	301	979	937
Servicing and other loan fees	621	995	2,427	2,480
International fees	217	215	702	520
Miscellaneous income (expense)	8	(6)	16	15
Total banking service revenues	17,234	18,200	52,937	52,948
Wealth management revenue:
Insurance income	3,906	2,542	10,758	7,768
Broker fees	1,601	1,981	5,204	6,433
Trust fees	2,489	2,887	7,796	8,386
Retirement plan and administration fees	177	209	542	683
Total wealth management revenue	8,173	7,619	24,300	23,270
Mortgage banking activities:
Net servicing fees	5,206	4,388	13,408	11,865
Net (loss) gains on sale of mortgage loans and valuation	(116)	2,622	2,192	8,045
Other	(199)	(813)	(124)	(3,600)
Total mortgage banking activities	4,891	6,197	15,476	16,310
Total banking and financial service revenues	$ 30,298	$ 32,016	$ 92,713	$ 92,528

BUSINESS SEGMENTS (Details)

BUSINESS SEGMENTS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
BUSINESS SEGMENTS (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Segment Reporting Information [Line Items]
Interest income	$ 134,675	$ 112,135	$ 369,846	$ 336,568
Interest expense	(8,165)	(9,434)	(23,048)	(33,418)
Net interest income	126,510	102,701	346,798	303,150
Provision for (recapture of) credit losses	7,120	(4,997)	15,362	(6,978)
Non-interest income	30,620	32,521	98,436	95,131
Non-interest expenses	(87,492)	(78,924)	(253,905)	(239,266)
Intersegment revenue	0	0	0	0
Intersegment expenses	0	0	0	0
Income before income taxes	62,518	61,295	175,967	165,993
Income tax expense	20,599	19,624	56,095	53,122
Net income	41,919	41,671	119,872	112,871
Total assets	10,058,179	10,606,865	10,058,179	10,606,865	$ 9,899,720
Total Major Segments
Segment Reporting Information [Line Items]
Interest income	136,774	112,135	372,820	336,568
Interest expense	(10,264)	(9,434)	(26,022)	(33,418)
Net interest income	126,510	102,701	346,798	303,150
Provision for (recapture of) credit losses	7,120	(4,997)	15,362	(6,978)
Non-interest income	30,620	32,521	98,436	95,131
Non-interest expenses	(87,492)	(78,924)	(253,905)	(239,266)
Income before income taxes	62,518	61,295	175,967	165,993
Income tax expense	20,599	19,624	56,095	53,122
Net income	41,919	41,671	119,872	112,871
Total assets	11,031,049	11,699,797	11,031,049	11,699,797
Total Major Segments \| Intersubsegment Eliminations
Segment Reporting Information [Line Items]
Intersegment revenue	588	616	1,645	1,714
Intersegment expenses	(588)	(616)	(1,645)	(1,714)
Eliminations
Segment Reporting Information [Line Items]
Interest income	(2,099)	0	(2,974)	0
Interest expense	2,099	0	2,974	0
Net interest income	0	0	0	0
Provision for (recapture of) credit losses	0	0	0	0
Non-interest income	0	0	0	0
Non-interest expenses	0	0	0	0
Intersegment revenue	(588)	(616)	(1,645)	(1,714)
Intersegment expenses	588	616	1,645	1,714
Income before income taxes	0	0	0	0
Income tax expense	0	0	0	0
Net income	0	0	0	0
Total assets	(972,870)	(1,092,932)	(972,870)	(1,092,932)
Banking \| Total Major Segments
Segment Reporting Information [Line Items]
Interest income	117,939	108,475	337,017	327,151
Interest expense	(7,891)	(8,946)	(21,796)	(31,794)
Net interest income	110,048	99,529	315,221	295,357
Provision for (recapture of) credit losses	7,059	(4,815)	15,403	(5,964)
Non-interest income	22,310	24,352	73,662	71,440
Non-interest expenses	(82,026)	(72,463)	(237,477)	(222,960)
Income before income taxes	43,861	56,849	137,648	151,515
Income tax expense	20,589	19,614	56,067	53,089
Net income	23,272	37,235	81,581	98,426
Total assets	8,179,384	8,116,648	8,179,384	8,116,648
Banking \| Total Major Segments \| Intersubsegment Eliminations
Segment Reporting Information [Line Items]
Intersegment revenue	588	616	1,645	1,714
Intersegment expenses	0	0	0	0
Wealth Management \| Total Major Segments
Segment Reporting Information [Line Items]
Interest income	6	7	16	25
Interest expense	0	0	0	0
Net interest income	6	7	16	25
Provision for (recapture of) credit losses	0	0	0	0
Non-interest income	8,310	8,079	24,724	23,584
Non-interest expenses	(4,635)	(5,245)	(14,015)	(13,089)
Income before income taxes	3,269	2,523	9,594	9,609
Income tax expense	1	0	1	0
Net income	3,268	2,523	9,593	9,609
Total assets	27,839	24,581	27,839	24,581
Wealth Management \| Total Major Segments \| Intersubsegment Eliminations
Segment Reporting Information [Line Items]
Intersegment revenue	0	0	0	0
Intersegment expenses	(412)	(318)	(1,131)	(911)
Treasury \| Total Major Segments
Segment Reporting Information [Line Items]
Interest income	18,829	3,653	35,787	9,392
Interest expense	(2,373)	(488)	(4,226)	(1,624)
Net interest income	16,456	3,165	31,561	7,768
Provision for (recapture of) credit losses	61	(182)	(41)	(1,014)
Non-interest income	0	90	50	107
Non-interest expenses	(831)	(1,216)	(2,413)	(3,217)
Income before income taxes	15,388	1,923	28,725	4,869
Income tax expense	9	10	27	33
Net income	15,379	1,913	28,698	4,836
Total assets	2,823,826	3,558,568	2,823,826	3,558,568
Treasury \| Total Major Segments \| Intersubsegment Eliminations
Segment Reporting Information [Line Items]
Intersegment revenue	0	0	0	0
Intersegment expenses	$ (176)	$ (298)	$ (514)	$ (803)