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REGULATORY CAPITAL REQUIREMENTS (Tables)

9 Months Ended

Sep. 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 September 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 September 30, 2022
Total capital to risk-weighted assets			$	1,088,584					14.63		%				$	781,251					10.50		%				$	744,048					10.00		%
Tier 1 capital to risk-weighted assets			$	995,342					13.38		%				$	632,441					8.50		%				$	595,239					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	995,342					13.38		%				$	520,834					7.00		%				$	483,631					6.50		%
Tier 1 capital to average total assets			$	995,342					9.82		%				$	405,324					4.00		%				$	506,655					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 September 30, 2022
Total capital to risk-weighted assets			$	1,018,214					13.77		%				$	776,492					10.50		%				$	739,517					10.00		%
Tier 1 capital to risk-weighted assets			$	925,532					12.52		%				$	628,589					8.50		%				$	591,613					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	925,532					12.52		%				$	517,662					7.00		%				$	480,686					6.50		%
Tier 1 capital to average total assets			$	925,532					9.19		%				$	402,755					4.00		%				$	503,443					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		%