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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Goodwill by reportable business segment is included in the table below. Refer to “Note 23 – Business Segments” for additional information on OFG’s reportable business segments.
| Banking |  | Wealth Management |  | Treasury |  | Total
| (In thousands)
December 31, 2022 | $ | 84,063 |  |  | $ | 178 |  |  | $ | — |  |  | $ | 84,241 |
March 31, 2023 | $ | 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 March 31, 2023 and December 31, 2022:
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
|  | (In thousands)
March 31, 2023 |  |  |  |  |  |
Core deposit intangibles |  | $ | 41,507 |  |  | $ | 21,697 |  |  | $ | 19,810 |
Customer relationship intangibles |  | 12,693 |  |  | 6,635 |  |  | 6,058 |
Total other intangible assets |  | $ | 54,200 |  |  | $ | 28,332 |  |  | $ | 25,868 |
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 |
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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