| 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, 2025 and December 31, 2024 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, 2025 | | | | | | | | | | | | | Total capital to risk-weighted assets | $ | 1,409,447 | | | 15.25 | % | | $ | 970,738 | | | 10.50 | % | | $ | 924,513 | | | 10.00 | % | | Tier 1 capital to risk-weighted assets | $ | 1,293,041 | | | 13.99 | % | | $ | 785,836 | | | 8.50 | % | | $ | 739,610 | | | 8.00 | % | | Common equity tier 1 capital to risk-weighted assets | $ | 1,293,041 | | | 13.99 | % | | $ | 647,159 | | | 7.00 | % | | $ | 600,933 | | | 6.50 | % | | Tier 1 capital to average total assets | $ | 1,293,041 | | | 10.83 | % | | $ | 477,663 | | | 4.00 | % | | $ | 597,078 | | | 5.00 | % | | As of December 31, 2024 | | | | | | | | | | | | | Total capital to risk-weighted assets | $ | 1,367,692 | | | 15.52 | % | | $ | 925,305 | | | 10.50 | % | | $ | 881,242 | | | 10.00 | % | | Tier 1 capital to risk-weighted assets | $ | 1,256,906 | | | 14.26 | % | | $ | 749,056 | | | 8.50 | % | | $ | 704,994 | | | 8.00 | % | | Common equity tier 1 capital to risk-weighted assets | $ | 1,256,906 | | | 14.26 | % | | $ | 616,870 | | | 7.00 | % | | $ | 572,807 | | | 6.50 | % | | Tier 1 capital to average total assets | $ | 1,256,906 | | | 10.93 | % | | $ | 460,138 | | | 4.00 | % | | $ | 575,172 | | | 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, 2025 | | | | | | | | | | | | | Total capital to risk-weighted assets | $ | 1,304,814 | | | 14.21 | % | | $ | 963,900 | | | 10.50 | % | | $ | 918,000 | | | 10.00 | % | | Tier 1 capital to risk-weighted assets | $ | 1,189,212 | | | 12.95 | % | | $ | 780,300 | | | 8.50 | % | | $ | 734,400 | | | 8.00 | % | | Common equity tier 1 capital to risk-weighted assets | $ | 1,189,212 | | | 12.95 | % | | $ | 642,600 | | | 7.00 | % | | $ | 596,700 | | | 6.50 | % | | Tier 1 capital to average total assets | $ | 1,189,212 | | | 10.07 | % | | $ | 472,586 | | | 4.00 | % | | $ | 590,732 | | | 5.00 | % | | As of December 31, 2024 | | | | | | | | | | | | | Total capital to risk-weighted assets | $ | 1,301,684 | | | 14.86 | % | | $ | 919,781 | | | 10.50 | % | | $ | 875,982 | | | 10.00 | % | | Tier 1 capital to risk-weighted assets | $ | 1,191,547 | | | 13.60 | % | | $ | 744,585 | | | 8.50 | % | | $ | 700,786 | | | 8.00 | % | | Common equity tier 1 capital to risk-weighted assets | $ | 1,191,547 | | | 13.60 | % | | $ | 613,187 | | | 7.00 | % | | $ | 569,388 | | | 6.50 | % | | Tier 1 capital to average total assets | $ | 1,191,547 | | | 10.45 | % | | $ | 456,144 | | | 4.00 | % | | $ | 570,179 | | | 5.00 | % |
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