Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Assets by Business Segment

A summary of the Company’s goodwill assets by reporting unit is presented in the following table:

(In thousands)	December 31, 2020		Goodwill Acquired		Impairment Loss		Goodwill Adjustments		September 30, 2021
Community banking	$	536,396	$	—	$	—	$	—	$	536,396
Specialty finance	39,938		—		—		85		40,023
Wealth management	69,373		—		—		—		69,373
Total	$	645,707	$	—	$	—	$	85	$	645,792

Summary of Indefinite-Lived Intangible Assets

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 amount	5,800		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

Summary of Finite-Lived Intangible Assets

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 amount	5,800		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

Estimated amortization
Actual in nine months ended September 30, 2021	$	5,923
Estimated remaining in 2021	1,809
Estimated—2022	6,115
Estimated—2023	4,658
Estimated—2024	3,259
Estimated—2025	2,552