Goodwill and Other Acquisition-Related Intangible Assets (Tables)

6 Months Ended

Jun. 30, 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		June 30, 2023
Community banking	$	545,671	$	—	$	—	$	—	$	545,671
Specialty finance	38,480		—		—		528		39,008
Wealth management	69,373		2,622		—		—		71,995
Total	$	653,524	$	2,622	$	—	$	528	$	656,674

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, 2023 is as follows:

(In thousands)	June 30, 2023		December 31, 2022		June 30, 2022
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	55,206	$	55,206	$	55,206
Accumulated amortization	(44,432)		(42,501)		(40,404)
Net carrying amount	$	10,774	$	12,705	$	14,802
Trademark with indefinite lives:
Carrying amount	5,800		5,800		5,800
Total net carrying amount	$	16,574	$	18,505	$	20,602
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,963	$	1,962	$	1,966
Accumulated amortization	(1,813)		(1,785)		(1,756)
Net carrying amount	$	150	$	177	$	210
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	26,630	$	20,430	$	20,430
Accumulated amortization	(17,701)		(16,926)		(16,124)
Net carrying amount	$	8,929	$	3,504	$	4,306
Total acquisition-related intangible assets:
Gross carrying amount	$	89,599	$	83,398	$	83,402
Accumulated amortization	(63,946)		(61,212)		(58,284)
Total other acquisition-related intangible assets, net	$	25,653	$	22,186	$	25,118

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, 2023 is as follows:

(In thousands)	June 30, 2023		December 31, 2022		June 30, 2022
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	55,206	$	55,206	$	55,206
Accumulated amortization	(44,432)		(42,501)		(40,404)
Net carrying amount	$	10,774	$	12,705	$	14,802
Trademark with indefinite lives:
Carrying amount	5,800		5,800		5,800
Total net carrying amount	$	16,574	$	18,505	$	20,602
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,963	$	1,962	$	1,966
Accumulated amortization	(1,813)		(1,785)		(1,756)
Net carrying amount	$	150	$	177	$	210
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	26,630	$	20,430	$	20,430
Accumulated amortization	(17,701)		(16,926)		(16,124)
Net carrying amount	$	8,929	$	3,504	$	4,306
Total acquisition-related intangible assets:
Gross carrying amount	$	89,599	$	83,398	$	83,402
Accumulated amortization	(63,946)		(61,212)		(58,284)
Total other acquisition-related intangible assets, net	$	25,653	$	22,186	$	25,118

Estimated Amortization

Estimated amortization
Actual in six months ended June 30, 2023	$	2,734
Estimated remaining in 2023	2,769
Estimated—2024	4,301
Estimated—2025	3,482
Estimated—2026	2,772
Estimated—2027	2,157