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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill by reportable business segment is included in the table below. Refer to “Note 24 – Business Segments” for additional information on OFG’s reportable business segments.
BankingWealth ManagementTreasuryTotal
(In thousands)
September 30, 2023$84,063 $178 $ $84,241 
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 September 30, 2023 and December 31, 2022:
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Value
(In thousands)
September 30, 2023
Core deposit intangibles$41,507 $24,338 $17,169 
Customer relationship intangibles12,693 7,443 5,250 
Total other intangible assets$54,200 $31,781 $22,419 
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 
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