XML 54 R44.htm IDEA: XBRL DOCUMENT
v3.23.2

REGULATORY CAPITAL REQUIREMENTS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
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 June 30, 2023 and December 31, 2022 were 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 June 30, 2023 |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets | $ | 1,183,793 |  |  | 15.29 | % |  | $ | 813,008 |  |  | 10.50 | % |  | $ | 774,293 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets | $ | 1,086,587 |  |  | 14.03 | % |  | $ | 658,149 |  |  | 8.50 | % |  | $ | 619,435 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets | $ | 1,086,587 |  |  | 14.03 | % |  | $ | 542,005 |  |  | 7.00 | % |  | $ | 503,291 |  |  | 6.50 | %
Tier 1 capital to average total assets | $ | 1,086,587 |  |  | 10.85 | % |  | $ | 400,453 |  |  | 4.00 | % |  | $ | 500,566 |  |  | 5.00 | %
As of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets | $ | 1,132,658 |  |  | 14.89 | % |  | $ | 798,574 |  |  | 10.50 | % |  | $ | 760,547 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets | $ | 1,037,385 |  |  | 13.64 | % |  | $ | 646,465 |  |  | 8.50 | % |  | $ | 608,437 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets | $ | 1,037,385 |  |  | 13.64 | % |  | $ | 532,383 |  |  | 7.00 | % |  | $ | 494,355 |  |  | 6.50 | %
Tier 1 capital to average total assets | $ | 1,037,385 |  |  | 10.36 | % |  | $ | 400,445 |  |  | 4.00 | % |  | $ | 500,557 |  |  | 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 June 30, 2023 |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets | $ | 1,094,407 |  |  | 14.22 | % |  | $ | 808,074 |  |  | 10.50 | % |  | $ | 769,594 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets | $ | 997,781 |  |  | 12.97 | % |  | $ | 654,155 |  |  | 8.50 | % |  | $ | 615,676 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets | $ | 997,781 |  |  | 12.97 | % |  | $ | 538,716 |  |  | 7.00 | % |  | $ | 500,236 |  |  | 6.50 | %
Tier 1 capital to average total assets | $ | 997,781 |  |  | 10.07 | % |  | $ | 396,512 |  |  | 4.00 | % |  | $ | 495,640 |  |  | 5.00 | %
As of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets | $ | 1,028,126 |  |  | 13.61 | % |  | $ | 793,124 |  |  | 10.50 | % |  | $ | 755,356 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets | $ | 933,494 |  |  | 12.36 | % |  | $ | 642,053 |  |  | 8.50 | % |  | $ | 604,285 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets | $ | 933,494 |  |  | 12.36 | % |  | $ | 528,749 |  |  | 7.00 | % |  | $ | 490,981 |  |  | 6.50 | %
Tier 1 capital to average total assets | $ | 933,494 |  |  | 9.42 | % |  | $ | 396,525 |  |  | 4.00 | % |  | $ | 495,656 |  |  | 5.00 | %

X
- References No definition available. + Details
Name: | ofg_CapitalDisclosureAbstract
Namespace Prefix: | ofg_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480696/942-505-50-1B + Details
Name: | us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration