Goodwill and Other Acquisition-Related Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of 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, 2023		Goodwill Acquired		Impairment Loss		Goodwill Adjustments		June 30, 2024
Community banking	$	545,671	$	—	$	—	$	—	$	545,671
Specialty finance	39,006		—		—		(717)		38,289
Wealth management	71,995		—		—		—		71,995
Total	$	656,672	$	—	$	—	$	(717)	$	655,955

Schedule of Indefinite-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, 2024 is as follows:

(In thousands)	June 30, 2024		December 31, 2023		June 30, 2023
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	55,206	$	55,206	$	55,206
Accumulated amortization	(47,666)		(46,125)		(44,432)
Net carrying amount	$	7,540	$	9,081	$	10,774
Trademark with indefinite lives:
Carrying amount	5,800		5,800		5,800
Total net carrying amount	$	13,340	$	14,881	$	16,574
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,961	$	1,963	$	1,963
Accumulated amortization	(1,861)		(1,837)		(1,813)
Net carrying amount	$	100	$	126	$	150
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	26,630	$	26,630	$	26,630
Accumulated amortization	(19,463)		(18,748)		(17,701)
Net carrying amount	$	7,167	$	7,882	$	8,929
Total acquisition-related intangible assets:
Gross carrying amount	$	89,597	$	89,599	$	89,599
Accumulated amortization	(68,990)		(66,710)		(63,946)
Total other acquisition-related intangible assets, net	$	20,607	$	22,889	$	25,653

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, 2024 is as follows:

(In thousands)	June 30, 2024		December 31, 2023		June 30, 2023
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	55,206	$	55,206	$	55,206
Accumulated amortization	(47,666)		(46,125)		(44,432)
Net carrying amount	$	7,540	$	9,081	$	10,774
Trademark with indefinite lives:
Carrying amount	5,800		5,800		5,800
Total net carrying amount	$	13,340	$	14,881	$	16,574
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,961	$	1,963	$	1,963
Accumulated amortization	(1,861)		(1,837)		(1,813)
Net carrying amount	$	100	$	126	$	150
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	26,630	$	26,630	$	26,630
Accumulated amortization	(19,463)		(18,748)		(17,701)
Net carrying amount	$	7,167	$	7,882	$	8,929
Total acquisition-related intangible assets:
Gross carrying amount	$	89,597	$	89,599	$	89,599
Accumulated amortization	(68,990)		(66,710)		(63,946)
Total other acquisition-related intangible assets, net	$	20,607	$	22,889	$	25,653

Schedule of Estimated Amortization

Estimated amortization
Actual in six months ended June 30, 2024	$	2,280
Estimated remaining in 2024	2,021
Estimated—2025	3,482
Estimated—2026	2,772
Estimated—2027	2,156
Estimated—2028	1,591