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REGULATORY CAPITAL REQUIREMENTS (Tables) | 3 Months Ended
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Mar. 31, 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 March 31, 2022 and December 31, 2021 are as follows:
| Actual |  | Minimum Capital Requirement (including capital conservation buffer) |  | Minimum to be Well Capitalized
| Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
| (Dollars in thousands)
OFG Bancorp Ratios |  |  |  |  |  |  |  |  |  |  |
As of March 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets | $ | 1,045,437 |  |  | 14.49 | % |  | $ | 757,543 |  |  | 10.50 | % |  | $ | 721,469 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets | $ | 955,221 |  |  | 13.24 | % |  | $ | 613,249 |  |  | 8.50 | % |  | $ | 577,175 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets | $ | 955,221 |  |  | 13.24 | % |  | $ | 505,028 |  |  | 7.00 | % |  | $ | 468,955 |  |  | 6.50 | %
Tier 1 capital to average total assets | $ | 955,221 |  |  | 9.54 | % |  | $ | 400,333 |  |  | 4.00 | % |  | $ | 500,416 |  |  | 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 Requirement (including capital conservation buffer) |  | Minimum to be Well Capitalized
| Amount |  | Ratio |  | Amount |  | Ratio |  | Amount |  | Ratio
| (Dollars in thousands)
Bank Ratios |  |  |  |  |  |  |  |  |  |  |
As of March 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets | $ | 1,000,591 |  |  | 13.93 | % |  | $ | 754,127 |  |  | 10.50 | % |  | $ | 718,216 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets | $ | 910,777 |  |  | 12.68 | % |  | $ | 610,484 |  |  | 8.50 | % |  | $ | 574,573 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets | $ | 910,777 |  |  | 12.68 | % |  | $ | 502,751 |  |  | 7.00 | % |  | $ | 466,840 |  |  | 6.50 | %
Tier 1 capital to average total assets | $ | 910,777 |  |  | 9.17 | % |  | $ | 397,348 |  |  | 4.00 | % |  | $ | 496,685 |  |  | 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 | %

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- Definition Tabular disclosure of the capital amounts and ratios as of the balance sheet date, indicating whether the entity or entities are in compliance with regulatory capital requirements, by entity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958570-112826 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 505 -Section 50 -Paragraph 1 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 + Details
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