XML 49 R38.htm IDEA: XBRL DOCUMENT v3.24.3
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 9 Months Ended
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.
BankingWealth ManagementTreasuryTotal
(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 intangibles12,693 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 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)
2024$5,913 
20254,927 
20263,942 
20272,956 
20281,971 
Thereafter985