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REGULATORY CAPITAL REQUIREMENTS (Tables)
 6 Months Ended
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:
ActualMinimum Capital
Requirement (including
capital conservation buffer)		Minimum to be Well
Capitalized
AmountRatioAmountRatioAmountRatio
(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 %
ActualMinimum Capital
Requirement (including
capital conservation buffer)		Minimum to be Well
Capitalized
AmountRatioAmountRatioAmountRatio
(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 %