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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
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.
BankingWealth ManagementTreasuryTotal
(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 intangibles12,693 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 intangibles17,753 9,385 8,368 
Other intangibles567 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 
20245,913 
20254,927 
20263,942 
20272,956 
Thereafter2,957