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REGULATORY CAPITAL REQUIREMENTS (Tables) | 9 Months Ended
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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 Requirement (including capital conservation buffer) |  | Minimum to be Well Capitalized
| 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 Requirement (including capital conservation buffer) |  | Minimum to be Well Capitalized
| 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 | %

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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 https://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 https://asc.fasb.org/extlink&oid=117337116&loc=SL5958568-112826 + Details
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