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REGULATORY CAPITAL REQUIREMENTS (Details) $ in Thousands | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($)
--- | --- | ---
OFG Bancorp |  |
Amount |  |
Actual - Total capital to risk-weighted assets | $ 1,132,658 | $ 1,086,897
Actual - Tier 1 capital to risk-weighted assets | 1,037,385 | 999,284
Actual - Common equity tier 1 capital to risk-weighted assets | 1,037,385 | 964,284
Actual - Tier 1 capital to average total assets | 1,037,385 | 999,284
Minimum Capital Requirement - Total capital to risk-weighted assets | 798,574 | 735,512
Minimum Capital Requirement - Tier 1 capital to risk-weighted assets | 646,465 | 595,414
Minimum Capital Requirement - Common equity tier 1 capital to risk-weighted assets | 532,383 | 490,341
Minimum Capital Requirement - Tier 1 capital to average total assets | 400,445 | 412,359
Minimum to be Well Capitalized - Total capital to risk-weighted assets | 760,547 | 700,488
Minimum to be Well Capitalized - Tier 1 capital to risk-weighted assets | 608,437 | 560,390
Minimum to be Well Capitalized - Common equity tier 1 capital to risk-weighted assets | 494,355 | 455,317
Minimum to be Well Capitalized - Tier 1 capital to average total assets | $ 500,557 | $ 515,449
Ratio |  |
Actual - total capital to risk-weighted assets | 0.1489 | 0.1552
Actual - Tier 1 capital to risk-weighted assets | 0.1364 | 0.1427
Actual - Common equity tier 1 capital to risk-weighted assets | 13.64% | 13.77%
Actual - Tier 1 capital to average total assets | 0.1036 | 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 | 7.00% | 7.00%
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 | $ 1,028,126 | $ 995,549
Actual - Tier 1 capital to risk-weighted assets | 933,494 | 908,717
Actual - Common equity tier 1 capital to risk-weighted assets | 933,494 | 908,717
Actual - Tier 1 capital to average total assets | 933,494 | 908,717
Minimum Capital Requirement - Total capital to risk-weighted assets | 793,124 | 728,867
Minimum Capital Requirement - Tier 1 capital to risk-weighted assets | 642,053 | 590,035
Minimum Capital Requirement - Common equity tier 1 capital to risk-weighted assets | 528,749 | 485,911
Minimum Capital Requirement - Tier 1 capital to average total assets | 396,525 | 409,855
Minimum to be Well Capitalized - Total capital to risk-weighted assets | 755,356 | 694,159
Minimum to be Well Capitalized - Tier 1 capital to risk-weighted assets | 604,285 | 555,327
Minimum to be Well Capitalized - Common equity tier 1 capital to risk-weighted assets | 490,981 | 451,203
Minimum to be Well Capitalized - Tier 1 capital to average total assets | $ 495,656 | $ 512,319
Ratio |  |
Actual - total capital to risk-weighted assets | 0.1361 | 0.1434
Actual - Tier 1 capital to risk-weighted assets | 0.1236 | 0.1309
Actual - Common equity tier 1 capital to risk-weighted assets | 12.36% | 13.09%
Actual - Tier 1 capital to average total assets | 0.0942 | 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 | 7.00% | 7.00%
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

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