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REGULATORY CAPITAL REQUIREMENTS (Details) $ in Thousands | Jun. 30, 2024 USD ($) | Dec. 31, 2023 USD ($)
--- | --- | ---
OFG Bancorp |  |
Amount |  |
Actual - Total capital to risk-weighted assets | $ 1,330,474 | $ 1,278,537
Actual - Tier 1 capital to risk-weighted assets | 1,223,031 | 1,174,205
Actual - Common equity tier 1 capital to risk-weighted assets | 1,223,031 | 1,174,205
Actual - Tier 1 capital to average total assets | 1,223,031 | 1,174,205
Minimum Capital Requirement - Total capital to risk-weighted assets | 898,963 | 873,369
Minimum Capital Requirement - Tier 1 capital to risk-weighted assets | 727,732 | 707,013
Minimum Capital Requirement - Common equity tier 1 capital to risk-weighted assets | 599,308 | 582,246
Minimum Capital Requirement - Tier 1 capital to average total assets | 450,325 | 425,911
Minimum to be Well Capitalized - Total capital to risk-weighted assets | 856,155 | 831,780
Minimum to be Well Capitalized - Tier 1 capital to risk-weighted assets | 684,924 | 665,424
Minimum to be Well Capitalized - Common equity tier 1 capital to risk-weighted assets | 556,501 | 540,657
Minimum to be Well Capitalized - Tier 1 capital to average total assets | $ 562,906 | $ 532,389
Ratio |  |
Actual - total capital to risk-weighted assets | 0.1554 | 0.1537
Actual - Tier 1 capital to risk-weighted assets | 0.1429 | 0.1412
Actual - Common equity tier 1 capital to risk-weighted assets | 0.1429 | 0.1412
Actual - Tier 1 capital to average total assets | 0.1086 | 0.1103
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 | $ 1,245,627 | $ 1,179,164
Actual - Tier 1 capital to risk-weighted assets | 1,138,874 | 1,075,487
Actual - Common equity tier 1 capital to risk-weighted assets | 1,138,874 | 1,075,487
Actual - Tier 1 capital to average total assets | 1,138,874 | 1,075,487
Minimum Capital Requirement - Total capital to risk-weighted assets | 893,092 | 867,797
Minimum Capital Requirement - Tier 1 capital to risk-weighted assets | 722,979 | 702,503
Minimum Capital Requirement - Common equity tier 1 capital to risk-weighted assets | 595,395 | 578,532
Minimum Capital Requirement - Tier 1 capital to average total assets | 445,681 | 421,660
Minimum to be Well Capitalized - Total capital to risk-weighted assets | 850,564 | 826,474
Minimum to be Well Capitalized - Tier 1 capital to risk-weighted assets | 680,451 | 661,179
Minimum to be Well Capitalized - Common equity tier 1 capital to risk-weighted assets | 552,866 | 537,208
Minimum to be Well Capitalized - Tier 1 capital to average total assets | $ 557,101 | $ 527,075
Ratio |  |
Actual - total capital to risk-weighted assets | 0.1464 | 0.1427
Actual - Tier 1 capital to risk-weighted assets | 0.1339 | 0.1301
Actual - Common equity tier 1 capital to risk-weighted assets | 0.1339 | 0.1301
Actual - Tier 1 capital to average total assets | 0.1022 | 0.1020
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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