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REGULATORY CAPITAL REQUIREMENTS (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 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 June 30, 2024 |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets | $ | 1,330,474 |  |  | 15.54 | % |  | $ | 898,963 |  |  | 10.50 | % |  | $ | 856,155 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets | $ | 1,223,031 |  |  | 14.29 | % |  | $ | 727,732 |  |  | 8.50 | % |  | $ | 684,924 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets | $ | 1,223,031 |  |  | 14.29 | % |  | $ | 599,308 |  |  | 7.00 | % |  | $ | 556,501 |  |  | 6.50 | %
Tier 1 capital to average total assets | $ | 1,223,031 |  |  | 10.86 | % |  | $ | 450,325 |  |  | 4.00 | % |  | $ | 562,906 |  |  | 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 June 30, 2024 |  |  |  |  |  |  |  |  |  |  |
Total capital to risk-weighted assets | $ | 1,245,627 |  |  | 14.64 | % |  | $ | 893,092 |  |  | 10.50 | % |  | $ | 850,564 |  |  | 10.00 | %
Tier 1 capital to risk-weighted assets | $ | 1,138,874 |  |  | 13.39 | % |  | $ | 722,979 |  |  | 8.50 | % |  | $ | 680,451 |  |  | 8.00 | %
Common equity tier 1 capital to risk-weighted assets | $ | 1,138,874 |  |  | 13.39 | % |  | $ | 595,395 |  |  | 7.00 | % |  | $ | 552,866 |  |  | 6.50 | %
Tier 1 capital to average total assets | $ | 1,138,874 |  |  | 10.22 | % |  | $ | 445,681 |  |  | 4.00 | % |  | $ | 557,101 |  |  | 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 | %

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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/1943274/2147477270/942-505-50-1 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/1943274/2147477270/942-505-50-1B + Details
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