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REGULATORY CAPITAL REQUIREMENTS (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31, 2024 and December 31, 2023 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 March 31, 2024
Total capital to risk-weighted assets			$	1,309,893					15.71		%				$	875,507					10.50		%				$	833,817					10.00		%
Tier 1 capital to risk-weighted assets			$	1,205,231					14.45		%				$	708,744					8.50		%				$	667,053					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	1,205,231					14.45		%				$	583,672					7.00		%				$	541,981					6.50		%
Tier 1 capital to average total assets			$	1,205,231					10.76		%				$	447,862					4.00		%				$	559,827					5.00		%
As of December 31, 2023
Total capital to risk-weighted assets			$	1,278,537					15.37		%				$	873,369					10.50		%				$	831,780					10.00		%
Tier 1 capital to risk-weighted assets			$	1,174,205					14.12		%				$	707,013					8.50		%				$	665,424					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	1,174,205					14.12		%				$	582,246					7.00		%				$	540,657					6.50		%
Tier 1 capital to average total assets			$	1,174,205					11.03		%				$	425,911					4.00		%				$	532,389					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 March 31, 2024
Total capital to risk-weighted assets			$	1,192,181					14.40		%				$	869,541					10.50		%				$	828,134					10.00		%
Tier 1 capital to risk-weighted assets			$	1,088,220					13.14		%				$	703,914					8.50		%				$	662,507					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	1,088,220					13.14		%				$	579,694					7.00		%				$	538,287					6.50		%
Tier 1 capital to average total assets			$	1,088,220					9.82		%				$	443,045					4.00		%				$	553,807					5.00		%
As of December 31, 2023
Total capital to risk-weighted assets			$	1,179,164					14.27		%				$	867,797					10.50		%				$	826,474					10.00		%
Tier 1 capital to risk-weighted assets			$	1,075,487					13.01		%				$	702,503					8.50		%				$	661,179					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	1,075,487					13.01		%				$	578,532					7.00		%				$	537,208					6.50		%
Tier 1 capital to average total assets			$	1,075,487					10.20		%				$	421,660					4.00		%				$	527,075					5.00		%