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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The changes in the carrying amount of goodwill attributable to operating segments are reflected in the table below. The activity during 2022 reflects the sale on December 31, 2022 of OFG’s retirement plan administration business. Refer to Note 28 – Business Segments for additional information on OFG’s reportable business segments.
| Banking |  | Wealth Management |  | Treasury |  | Total
| (In thousands)
December 31, 2021 | $ | 84,063 |  |  | $ | 2,006 |  |  | $ | — |  |  | $ | 86,069 |
Goodwill written off related to sale of business unit | — |  |  | (1,828) |  |  | — |  |  | (1,828) |
December 31, 2022 | $ | 84,063 |  |  | $ | 178 |  |  | $ | — |  |  | $ | 84,241 |
Schedule of Core Deposit, Customer Relationship and Other Intangibles | The following table reflects the components of other intangible assets subject to amortization at December 31, 2022 and 2021:
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
|  | (In thousands)
December 31, 2022 |  |  |  |  |  |
Core deposit intangibles |  | $ | 41,507 |  |  | $ | 20,376 |  |  | $ | 21,131 |
Customer relationship intangibles |  | 12,693 |  |  | 6,231 |  |  | 6,462 |
Total other intangible assets |  | $ | 54,200 |  |  | $ | 26,607 |  |  | $ | 27,593 |
December 31, 2021 |  |  |  |  |  |
Core deposit intangibles |  | $ | 51,402 |  |  | $ | 23,772 |  |  | $ | 27,630 |
Customer relationship intangibles |  | 17,753 |  |  | 9,385 |  |  | 8,368 |
Other intangibles |  | 567 |  |  | 472 |  |  | 95 |
Total other intangible assets |  | $ | 69,722 |  |  | $ | 33,629 |  |  | $ | 36,093 |
Schedule of Estimated Amortization of Other Intangible Assets | The following table presents the estimated amortization of other intangible assets for each of the following periods.
Year Ending December 31, |  | (In thousands)
2023 |  | $ | 6,898 |
2024 |  | 5,913 |
2025 |  | 4,927 |
2026 |  | 3,942 |
2027 |  | 2,956 |
Thereafter |  | 2,957 |

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