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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 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 29 – OFG Bancorp (Holding Company Only) Financial Information” 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 
December 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 December 31, 2023 and 2022:
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Value
(In thousands)
December 31, 2023
Core deposit intangibles$41,507 $25,659 $15,848 
Customer relationship intangibles12,693 7,847 4,846 
Total other intangible assets$54,200 $33,506 $20,694 
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)
20245,913 
20254,927 
20263,942 
20272,956 
20281,971 
Thereafter985