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REGULATORY CAPITAL REQUIREMENTS (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022 and December 31, 2021 are 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, 2022
Total capital to risk-weighted assets			$	1,045,437					14.49		%				$	757,543					10.50		%				$	721,469					10.00		%
Tier 1 capital to risk-weighted assets			$	955,221					13.24		%				$	613,249					8.50		%				$	577,175					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	955,221					13.24		%				$	505,028					7.00		%				$	468,955					6.50		%
Tier 1 capital to average total assets			$	955,221					9.54		%				$	400,333					4.00		%				$	500,416					5.00		%
As of December 31, 2021
Total capital to risk-weighted assets			$	1,086,897					15.52		%				$	735,512					10.50		%				$	700,488					10.00		%
Tier 1 capital to risk-weighted assets			$	999,284					14.27		%				$	595,414					8.50		%				$	560,390					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	964,284					13.77		%				$	490,341					7.00		%				$	455,317					6.50		%
Tier 1 capital to average total assets			$	999,284					9.69		%				$	412,359					4.00		%				$	515,449					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, 2022
Total capital to risk-weighted assets			$	1,000,591					13.93		%				$	754,127					10.50		%				$	718,216					10.00		%
Tier 1 capital to risk-weighted assets			$	910,777					12.68		%				$	610,484					8.50		%				$	574,573					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	910,777					12.68		%				$	502,751					7.00		%				$	466,840					6.50		%
Tier 1 capital to average total assets			$	910,777					9.17		%				$	397,348					4.00		%				$	496,685					5.00		%
As of December 31, 2021
Total capital to risk-weighted assets			$	995,549					14.34		%				$	728,867					10.50		%				$	694,159					10.00		%
Tier 1 capital to risk-weighted assets			$	908,717					13.09		%				$	590,035					8.50		%				$	555,327					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	908,717					13.09		%				$	485,911					7.00		%				$	451,203					6.50		%
Tier 1 capital to average total assets			$	908,717					8.87		%				$	409,855					4.00		%				$	512,319					5.00		%