Goodwill and Other Acquisition-Related Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

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, 2022		Goodwill Acquired		Impairment Loss		Goodwill Adjustments		March 31, 2023
Community banking	$	545,671	$	—	$	—	$	—	$	545,671
Specialty finance	38,480		—		—		63		38,543
Wealth management	69,373		—		—		—		69,373
Total	$	653,524	$	—	$	—	$	63	$	653,587

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 March 31, 2023 is as follows:

(In thousands)	March 31, 2023		December 31, 2022		March 31, 2022
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	55,206	$	55,206	$	55,206
Accumulated amortization	(43,473)		(42,501)		(39,243)
Net carrying amount	$	11,733	$	12,705	$	15,963
Trademark with indefinite lives:
Carrying amount	5,800		5,800		5,800
Total net carrying amount	$	17,533	$	18,505	$	21,763
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,962	$	1,962	$	1,968
Accumulated amortization	(1,799)		(1,785)		(1,738)
Net carrying amount	$	163	$	177	$	230
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	20,430	$	20,430	$	20,430
Accumulated amortization	(17,175)		(16,926)		(15,724)
Net carrying amount	$	3,255	$	3,504	$	4,706
Total acquisition-related intangible assets:
Gross carrying amount	$	83,398	$	83,398	$	83,404
Accumulated amortization	(62,447)		(61,212)		(56,705)
Total other acquisition-related intangible assets, net	$	20,951	$	22,186	$	26,699

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 March 31, 2023 is as follows:

(In thousands)	March 31, 2023		December 31, 2022		March 31, 2022
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	55,206	$	55,206	$	55,206
Accumulated amortization	(43,473)		(42,501)		(39,243)
Net carrying amount	$	11,733	$	12,705	$	15,963
Trademark with indefinite lives:
Carrying amount	5,800		5,800		5,800
Total net carrying amount	$	17,533	$	18,505	$	21,763
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,962	$	1,962	$	1,968
Accumulated amortization	(1,799)		(1,785)		(1,738)
Net carrying amount	$	163	$	177	$	230
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	20,430	$	20,430	$	20,430
Accumulated amortization	(17,175)		(16,926)		(15,724)
Net carrying amount	$	3,255	$	3,504	$	4,706
Total acquisition-related intangible assets:
Gross carrying amount	$	83,398	$	83,398	$	83,404
Accumulated amortization	(62,447)		(61,212)		(56,705)
Total other acquisition-related intangible assets, net	$	20,951	$	22,186	$	26,699

Estimated Amortization

Estimated amortization
Actual in three months ended March 31, 2023	$	1,235
Estimated remaining in 2023	3,422
Estimated—2024	3,259
Estimated—2025	2,552
Estimated—2026	1,954
Estimated—2027	1,450