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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 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.
| Banking |  | Wealth Management |  | Treasury |  | Total
| (In thousands)
December 31, 2023 | $ | 84,063 |  |  | $ | 178 |  |  | $ | — |  |  | $ | 84,241 |
September 30, 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 September 30, 2024 and December 31, 2023:
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
|  | (In thousands)
September 30, 2024 |  |  |  |  |  |
Core deposit intangibles |  | $ | 41,507 |  |  | $ | 29,055 |  |  | $ | 12,452 |
Customer relationship intangibles |  | 12,693 |  |  | 8,885 |  |  | 3,808 |
Total other intangible assets |  | $ | 54,200 |  |  | $ | 37,940 |  |  | $ | 16,260 |
December 31, 2023 |  |  |  |  |  |
Core deposit intangibles |  | $ | 41,507 |  |  | $ | 25,659 |  |  | $ | 15,848 |
Customer relationship intangibles |  | 12,693 |  |  | 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)
2024 | $ | 5,913 |
2025 | 4,927 |
2026 | 3,942 |
2027 | 2,956 |
2028 | 1,971 |
Thereafter | 985 |

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