Goodwill and Other Acquisition-Related Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill Assets by Reporting Unit

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		September 30, 2023
Community banking	$	545,671	$	—	$	—	$	—	$	545,671
Specialty finance	38,480		—		—		(37)		38,443
Wealth management	69,373		2,622		—		—		71,995
Total	$	653,524	$	2,622	$	—	$	(37)	$	656,109

Schedule of Amortization of Finite-Lived Acquisition-Related 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 September 30, 2023 is as follows:

(In thousands)	September 30, 2023		December 31, 2022		September 30, 2022
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	55,206	$	55,206	$	55,206
Accumulated amortization	(45,304)		(42,501)		(41,480)
Net carrying amount	$	9,902	$	12,705	$	13,726
Trademark with indefinite lives:
Carrying amount	5,800		5,800		5,800
Total net carrying amount	$	15,702	$	18,505	$	19,526
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,962	$	1,962	$	1,960
Accumulated amortization	(1,826)		(1,785)		(1,771)
Net carrying amount	$	136	$	177	$	189
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	26,630	$	20,430	$	20,430
Accumulated amortization	(18,224)		(16,926)		(16,525)
Net carrying amount	$	8,406	$	3,504	$	3,905
Total acquisition-related intangible assets:
Gross carrying amount	$	89,598	$	83,398	$	83,396
Accumulated amortization	(65,354)		(61,212)		(59,776)
Total other acquisition-related intangible assets, net	$	24,244	$	22,186	$	23,620

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 September 30, 2023 is as follows:

(In thousands)	September 30, 2023		December 31, 2022		September 30, 2022
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	55,206	$	55,206	$	55,206
Accumulated amortization	(45,304)		(42,501)		(41,480)
Net carrying amount	$	9,902	$	12,705	$	13,726
Trademark with indefinite lives:
Carrying amount	5,800		5,800		5,800
Total net carrying amount	$	15,702	$	18,505	$	19,526
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,962	$	1,962	$	1,960
Accumulated amortization	(1,826)		(1,785)		(1,771)
Net carrying amount	$	136	$	177	$	189
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	26,630	$	20,430	$	20,430
Accumulated amortization	(18,224)		(16,926)		(16,525)
Net carrying amount	$	8,406	$	3,504	$	3,905
Total acquisition-related intangible assets:
Gross carrying amount	$	89,598	$	83,398	$	83,396
Accumulated amortization	(65,354)		(61,212)		(59,776)
Total other acquisition-related intangible assets, net	$	24,244	$	22,186	$	23,620

Schedule of Estimated Amortization

Estimated amortization
Actual in nine months ended September 30, 2023	$	4,142
Estimated remaining in 2023	1,361
Estimated—2024	4,301
Estimated—2025	3,482
Estimated—2026	2,772
Estimated—2027	2,155