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REGULATORY CAPITAL REQUIREMENTS (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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 June 30, 2022
Total capital to risk-weighted assets			$	1,053,766					14.05		%				$	787,413					10.50		%				$	749,917					10.00		%
Tier 1 capital to risk-weighted assets			$	960,015					12.80		%				$	637,430					8.50		%				$	599,934					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	960,015					12.80		%				$	524,942					7.00		%				$	487,446					6.50		%
Tier 1 capital to average total assets			$	960,015					9.46		%				$	405,805					4.00		%				$	507,257					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 June 30, 2022
Total capital to risk-weighted assets			$	999,970					13.41		%				$	782,992					10.50		%				$	745,707					10.00		%
Tier 1 capital to risk-weighted assets			$	906,739					12.16		%				$	633,851					8.50		%				$	596,565					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	906,739					12.16		%				$	521,995					7.00		%				$	484,709					6.50		%
Tier 1 capital to average total assets			$	906,739					8.98		%				$	403,697					4.00		%				$	504,621					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		%