Goodwill and Other Intangibles (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the periods ended June 30, 2024 and December 31, 2023 by reportable segment are as follows (in thousands):

	Commercial Banking		Institutional Banking		Personal Banking		Total
Balances as of January 1, 2024	$	63,113	$	76,492	$	67,780	$	207,385
Balances as of June 30, 2024	$	63,113	$	76,492	$	67,780	$	207,385
Balances as of January 1, 2023	$	63,113	$	76,492	$	67,780	$	207,385
Balances as of December 31, 2023	$	63,113	$	76,492	$	67,780	$	207,385

Changes in Intangible Assets

The following table lists the finite-lived intangible assets that continue to be subject to amortization as of June 30, 2024 and December 31, 2023 (in thousands):

	As of June 30, 2024
	Core Deposit Intangible Assets		Customer Relationships		Total
Gross carrying amount	$	2,345	$	86,460	$	88,805
Accumulated amortization		1,368		20,296		21,664
Net carrying amount	$	977	$	66,164	$	67,141

	As of December 31, 2023
	Core Deposit Intangible Assets		Customer Relationships		Total
Gross carrying amount	$	2,345	$	109,978	$	112,323
Accumulated amortization		1,135		40,176		41,311
Net carrying amount	$	1,210	$	69,802	$	71,012

Aggregate Amortization Expense Recognized

The following table has the aggregate amortization expense recognized in each period (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Aggregate amortization expense	$	1,911	$	2,117	$	3,871	$	4,415

Estimated Amortization Expense of Intangible Assets

The following table lists estimated amortization expense of intangible assets in future periods (in thousands):

For the six months ending December 31, 2024	$	3,823
For the year ending December 31, 2025		7,487
For the year ending December 31, 2026		6,628
For the year ending December 31, 2027		4,655
For the year ending December 31, 2028		4,544