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REGULATORY CAPITAL REQUIREMENTS (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023 and December 31, 2022 were 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, 2023
Total capital to risk-weighted assets			$	1,158,744					15.33		%				$	793,712					10.50		%				$	755,917					10.00		%
Tier 1 capital to risk-weighted assets			$	1,063,919					14.07		%				$	642,529					8.50		%				$	604,733					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	1,063,919					14.07		%				$	529,142					7.00		%				$	491,346					6.50		%
Tier 1 capital to average total assets			$	1,063,919					10.75		%				$	395,951					4.00		%				$	494,939					5.00		%
As of December 31, 2022
Total capital to risk-weighted assets			$	1,132,658					14.89		%				$	798,574					10.50		%				$	760,547					10.00		%
Tier 1 capital to risk-weighted assets			$	1,037,385					13.64		%				$	646,465					8.50		%				$	608,437					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	1,037,385					13.64		%				$	532,383					7.00		%				$	494,355					6.50		%
Tier 1 capital to average total assets			$	1,037,385					10.36		%				$	400,445					4.00		%				$	500,557					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, 2023
Total capital to risk-weighted assets			$	1,067,306					14.22		%				$	788,036					10.50		%				$	750,510					10.00		%
Tier 1 capital to risk-weighted assets			$	973,149					12.97		%				$	637,934					8.50		%				$	600,408					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	973,149					12.97		%				$	525,357					7.00		%				$	487,832					6.50		%
Tier 1 capital to average total assets			$	973,149					9.93		%				$	392,070					4.00		%				$	490,087					5.00		%
As of December 31, 2022
Total capital to risk-weighted assets			$	1,028,126					13.61		%				$	793,124					10.50		%				$	755,356					10.00		%
Tier 1 capital to risk-weighted assets			$	933,494					12.36		%				$	642,053					8.50		%				$	604,285					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	933,494					12.36		%				$	528,749					7.00		%				$	490,981					6.50		%
Tier 1 capital to average total assets			$	933,494					9.42		%				$	396,525					4.00		%				$	495,656					5.00		%