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REGULATORY CAPITAL REQUIREMENTS (Tables) | 9 Months Ended
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Sep. 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 September 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 September 30, 2023 |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets | $ | 1,224,963 |  |  | 15.31 | % |  | $ | 840,075 |  |  | 10.50 | % |  | $ | 800,071 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets | $ | 1,124,599 |  |  | 14.06 | % |  | $ | 680,060 |  |  | 8.50 | % |  | $ | 640,057 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets | $ | 1,124,599 |  |  | 14.06 | % |  | $ | 560,050 |  |  | 7.00 | % |  | $ | 520,046 |  |  | 6.50 | %
Tier 1 capital to average total assets | $ | 1,124,599 |  |  | 11.03 | % |  | $ | 407,737 |  |  | 4.00 | % |  | $ | 509,672 |  |  | 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 September 30, 2023 |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets | $ | 1,120,234 |  |  | 14.09 | % |  | $ | 834,814 |  |  | 10.50 | % |  | $ | 795,061 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets | $ | 1,020,488 |  |  | 12.84 | % |  | $ | 675,802 |  |  | 8.50 | % |  | $ | 636,049 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets | $ | 1,020,488 |  |  | 12.84 | % |  | $ | 556,543 |  |  | 7.00 | % |  | $ | 516,790 |  |  | 6.50 | %
Tier 1 capital to average total assets | $ | 1,020,488 |  |  | 10.12 | % |  | $ | 403,339 |  |  | 4.00 | % |  | $ | 504,174 |  |  | 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 | %

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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 -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
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