Goodwill and Other Acquisition-Related Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

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, 2021		Goodwill Acquired		Impairment Loss		Goodwill Adjustments		June 30, 2022
Community banking	$	545,671	$	—	$	—	$	—	$	545,671
Specialty finance	40,105		—		—		(440)		39,665
Wealth management	69,373		—		—		—		69,373
Total	$	655,149	$	—	$	—	$	(440)	$	654,709

Summary of Infinite-Lived Intangible Assets

A summary of acquisition-related intangible assets as of the dates shown and the expected amortization of finite-lived acquisition-related intangible assets as of June 30, 2022 is as follows:

(In thousands)	June 30, 2022		December 31, 2021		June 30, 2021
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	55,206	$	55,206	$	55,206
Accumulated amortization	(40,404)		(38,067)		(35,549)
Net carrying amount	$	14,802	$	17,139	$	19,657
Trademark with indefinite lives:
Carrying amount	5,800		5,800		5,800
Total net carrying amount	$	20,602	$	22,939	$	25,457
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,966	$	1,967	$	1,969
Accumulated amortization	(1,756)		(1,721)		(1,686)
Net carrying amount	$	210	$	246	$	283
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	20,430	$	20,430	$	20,430
Accumulated amortization	(16,124)		(15,308)		(14,173)
Net carrying amount	$	4,306	$	5,122	$	6,257
Total acquisition-related intangible assets:
Gross carrying amount	$	83,402	$	83,403	$	83,405
Accumulated amortization	(58,284)		(55,096)		(51,408)
Total other acquisition-related intangible assets, net	$	25,118	$	28,307	$	31,997

Summary of Finite-Lived Intangible Assets

A summary of acquisition-related intangible assets as of the dates shown and the expected amortization of finite-lived acquisition-related intangible assets as of June 30, 2022 is as follows:

(In thousands)	June 30, 2022		December 31, 2021		June 30, 2021
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	55,206	$	55,206	$	55,206
Accumulated amortization	(40,404)		(38,067)		(35,549)
Net carrying amount	$	14,802	$	17,139	$	19,657
Trademark with indefinite lives:
Carrying amount	5,800		5,800		5,800
Total net carrying amount	$	20,602	$	22,939	$	25,457
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,966	$	1,967	$	1,969
Accumulated amortization	(1,756)		(1,721)		(1,686)
Net carrying amount	$	210	$	246	$	283
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	20,430	$	20,430	$	20,430
Accumulated amortization	(16,124)		(15,308)		(14,173)
Net carrying amount	$	4,306	$	5,122	$	6,257
Total acquisition-related intangible assets:
Gross carrying amount	$	83,402	$	83,403	$	83,405
Accumulated amortization	(58,284)		(55,096)		(51,408)
Total other acquisition-related intangible assets, net	$	25,118	$	28,307	$	31,997

Estimated Amortization

Estimated amortization
Actual in six months ended June 30, 2022	$	3,188
Estimated remaining in 2022	2,923
Estimated—2023	4,658
Estimated—2024	3,259
Estimated—2025	2,552
Estimated—2026	1,954