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REGULATORY CAPITAL REQUIREMENTS (Tables)

6 Months Ended

Jun. 30, 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 June 30, 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 June 30, 2023
Total capital to risk-weighted assets			$	1,183,793					15.29		%				$	813,008					10.50		%				$	774,293					10.00		%
Tier 1 capital to risk-weighted assets			$	1,086,587					14.03		%				$	658,149					8.50		%				$	619,435					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	1,086,587					14.03		%				$	542,005					7.00		%				$	503,291					6.50		%
Tier 1 capital to average total assets			$	1,086,587					10.85		%				$	400,453					4.00		%				$	500,566					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 June 30, 2023
Total capital to risk-weighted assets			$	1,094,407					14.22		%				$	808,074					10.50		%				$	769,594					10.00		%
Tier 1 capital to risk-weighted assets			$	997,781					12.97		%				$	654,155					8.50		%				$	615,676					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	997,781					12.97		%				$	538,716					7.00		%				$	500,236					6.50		%
Tier 1 capital to average total assets			$	997,781					10.07		%				$	396,512					4.00		%				$	495,640					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		%