XML 56 R46.htm IDEA: XBRL DOCUMENT

REGULATORY CAPITAL REQUIREMENTS (Tables)

9 Months Ended

Sep. 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 September 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 September 30, 2023
Total capital to risk-weighted assets			$	1,224,963					15.31		%				$	840,075					10.50		%				$	800,071					10.00		%
Tier 1 capital to risk-weighted assets			$	1,124,599					14.06		%				$	680,060					8.50		%				$	640,057					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	1,124,599					14.06		%				$	560,050					7.00		%				$	520,046					6.50		%
Tier 1 capital to average total assets			$	1,124,599					11.03		%				$	407,737					4.00		%				$	509,672					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 September 30, 2023
Total capital to risk-weighted assets			$	1,120,234					14.09		%				$	834,814					10.50		%				$	795,061					10.00		%
Tier 1 capital to risk-weighted assets			$	1,020,488					12.84		%				$	675,802					8.50		%				$	636,049					8.00		%
Common equity tier 1 capital to risk-weighted assets			$	1,020,488					12.84		%				$	556,543					7.00		%				$	516,790					6.50		%
Tier 1 capital to average total assets			$	1,020,488					10.12		%				$	403,339					4.00		%				$	504,174					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		%