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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill by reportable business segment is included in the table below. Refer to “Note 22 – Business Segments” for additional information on OFG’s reportable business segments.
BankingWealth ManagementTreasuryTotal
(In thousands)
December 31, 2023$84,063 $178 $ $84,241 
March 31, 2024$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, 2024 and December 31, 2023:
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Value
(In thousands)
March 31, 2024
Core deposit intangibles$41,507 $26,791 $14,716 
Customer relationship intangibles12,693 8,193 4,500 
Total other intangible assets$54,200 $34,984 $19,216 
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 
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