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REGULATORY CAPITAL REQUIREMENTS (Details) $ in Thousands | Sep. 30, 2023 USD ($) | Dec. 31, 2022 USD ($)
--- | --- | ---
OFG Bancorp |  |
Amount |  |
Actual - Total capital to risk-weighted assets | $ 1,224,963 | $ 1,132,658
Actual - Tier 1 capital to risk-weighted assets | 1,124,599 | 1,037,385
Actual - Common equity tier 1 capital to risk-weighted assets | 1,124,599 | 1,037,385
Actual - Tier 1 capital to average total assets | 1,124,599 | 1,037,385
Minimum Capital Requirement - Total capital to risk-weighted assets | 840,075 | 798,574
Minimum Capital Requirement - Tier 1 capital to risk-weighted assets | 680,060 | 646,465
Minimum Capital Requirement - Common equity tier 1 capital to risk-weighted assets | 560,050 | 532,383
Minimum Capital Requirement - Tier 1 capital to average total assets | 407,737 | 400,445
Minimum to be Well Capitalized - Total capital to risk-weighted assets | 800,071 | 760,547
Minimum to be Well Capitalized - Tier 1 capital to risk-weighted assets | 640,057 | 608,437
Minimum to be Well Capitalized - Common equity tier 1 capital to risk-weighted assets | 520,046 | 494,355
Minimum to be Well Capitalized - Tier 1 capital to average total assets | $ 509,672 | $ 500,557
Ratio |  |
Actual - total capital to risk-weighted assets | 0.1531 | 0.1489
Actual - Tier 1 capital to risk-weighted assets | 0.1406 | 0.1364
Actual - Common equity tier 1 capital to risk-weighted assets | 0.1406 | 0.1364
Actual - Tier 1 capital to average total assets | 0.1103 | 0.1036
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 | 0.0700 | 0.0700
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 | 0.0650 | 0.0650
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 | $ 1,120,234 | $ 1,028,126
Actual - Tier 1 capital to risk-weighted assets | 1,020,488 | 933,494
Actual - Common equity tier 1 capital to risk-weighted assets | 1,020,488 | 933,494
Actual - Tier 1 capital to average total assets | 1,020,488 | 933,494
Minimum Capital Requirement - Total capital to risk-weighted assets | 834,814 | 793,124
Minimum Capital Requirement - Tier 1 capital to risk-weighted assets | 675,802 | 642,053
Minimum Capital Requirement - Common equity tier 1 capital to risk-weighted assets | 556,543 | 528,749
Minimum Capital Requirement - Tier 1 capital to average total assets | 403,339 | 396,525
Minimum to be Well Capitalized - Total capital to risk-weighted assets | 795,061 | 755,356
Minimum to be Well Capitalized - Tier 1 capital to risk-weighted assets | 636,049 | 604,285
Minimum to be Well Capitalized - Common equity tier 1 capital to risk-weighted assets | 516,790 | 490,981
Minimum to be Well Capitalized - Tier 1 capital to average total assets | $ 504,174 | $ 495,656
Ratio |  |
Actual - total capital to risk-weighted assets | 0.1409 | 0.1361
Actual - Tier 1 capital to risk-weighted assets | 0.1284 | 0.1236
Actual - Common equity tier 1 capital to risk-weighted assets | 0.1284 | 0.1236
Actual - Tier 1 capital to average total assets | 0.1012 | 0.0942
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 | 0.0700 | 0.0700
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 | 0.0650 | 0.0650
Minimum to be Well Capitalized - Tier 1 capital to average total assets | 0.0500 | 0.0500

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