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Goodwill and Other Intangible Assets
 9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
A summary of the Company’s goodwill assets by reporting unit is presented in the following table:
(In thousands)December 31, 2020Goodwill
Acquired		Impairment
Loss		Goodwill AdjustmentsSeptember 30,
2021
Community banking$536,396 $— $— $— $536,396 
Specialty finance39,938 — — 85 40,023 
Wealth management69,373 — — — 69,373 
    Total$645,707 $— $— $85 $645,792 

The specialty finance unit’s goodwill increased $85,000 in the first nine months of 2021 as a result of foreign currency translation adjustments related to the Canadian acquisitions.

The Company assesses each reporting unit’s goodwill for impairment on at least an annual basis and considers potential indicators of impairment at each reporting date between annual goodwill impairment tests. At October 1, 2020, the Company utilized a quantitative approach for its annual goodwill impairment tests of the banking, specialty finance and wealth management reporting units and determined that no impairment existed at that time.

At each reporting date between annual goodwill impairment tests, the Company considers potential indicators of impairment. Given the current and prior economic uncertainty and volatility surrounding COVID-19, the Company assessed whether such events and circumstances resulted in it being more likely than not that the fair value of any reporting unit was less than its carrying value. Potential impairment indicators considered include the condition of the economy and banking industry; government intervention and regulatory updates; the impact of recent events to financial performance and cost factors of the reporting units; performance of the Company’s stock and other relevant events.

At the conclusion of this assessment of all reporting units, the Company determined that as of September 30, 2021, it was more likely than not that the fair value of all reporting units exceeded the respective carrying value of such reporting unit.
A summary of intangible assets as of the dates shown and the expected amortization of finite-lived intangible assets as of September 30, 2021 is as follows:
(In thousands)September 30,
2021		December 31,
2020		September 30,
2020
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount$55,206 $55,206 $55,206 
Accumulated amortization(36,840)(32,680)(31,209)
    Net carrying amount$18,366 $22,526 $23,997 
Trademark with indefinite lives:
Carrying amount5,800 5,800 5,800 
Total net carrying amount$24,166 $28,326 $29,797 
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount$1,967 $1,966 $1,962 
Accumulated amortization(1,705)(1,644)(1,624)
    Net carrying amount$262 $322 $338 
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount$20,430 $20,430 $20,430 
Accumulated amortization(14,740)(13,038)(11,895)
    Net carrying amount$5,690 $7,392 $8,535 
Total intangible assets:
Gross carrying amount$83,403 $83,402 $83,398 
Accumulated amortization(53,285)(47,362)(44,728)
Total intangible assets, net$30,118 $36,040 $38,670 
Estimated amortization
Actual in nine months ended September 30, 2021$5,923 
Estimated remaining in 20211,809 
Estimated—20226,115 
Estimated—20234,658 
Estimated—20243,259 
Estimated—20252,552 

The core deposit intangibles recognized in connection with prior bank acquisitions are amortized over a ten-year period on an accelerated basis. The customer list intangibles recognized in connection with the purchase of life insurance premium finance assets in 2009 are being amortized over an 18-year period on an accelerated basis. The customer list and other intangibles recognized in connection with prior acquisitions within the wealth management segment are being amortized over a period of up to ten years on a straight-line basis. Indefinite-lived intangible assets consist of certain trade and domain names recognized in connection with the acquisition of Veterans First Mortgage in 2018. As indefinite-lived intangible assets are not amortized, the Company assesses impairment on at least an annual basis.

Total amortization expense associated with finite-lived intangibles totaled approximately $5.9 million and $8.4 million for the nine months ended September 30, 2021 and 2020, respectively.