Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Changes in Carrying Amount of Goodwill

Changes in the carrying amount of the Corporation's goodwill by business segment for the six months ended June 30, 2022 were as follows:

(Dollars in thousands)	Banking		Wealth Management		Insurance		Consolidated
Balance at December 31, 2021	$	138,476	$	15,434	$	21,600	$	175,510
Addition to goodwill from acquisitions	—		—		—		—
Balance at June 30, 2022	$	138,476	$	15,434	$	21,600	$	175,510

Components of Intangible Assets

The following table reflects the components of intangible assets at the dates indicated:

	At June 30, 2022						At December 31, 2021
(Dollars in thousands)	Gross Carrying Amount		Accumulated Amortization (1)		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization (1)		Net Carrying Amount
Amortized intangible assets:
Core deposit intangibles	$	6,788	$	5,705	$	1,083	$	6,788	$	5,425	$	1,363
Customer related intangibles	8,493		6,220		2,273		8,493		5,886		2,607
Servicing rights	27,951		19,579		8,372		26,560		18,682		7,878
Total amortized intangible assets	$	43,232	$	31,504	$	11,728	$	41,841	$	29,993	$	11,848

(1) Included within accumulated amortization is a valuation allowance of $3 thousand and $13 thousand on servicing rights at June 30, 2022 and December 31, 2021, respectively.

Estimated Aggregate Amortization Expense

The estimated aggregate amortization expense for core deposit and customer-related intangibles for the remainder of 2022 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2022		$	543
2023		845
2024		648
2025		469
2026		319
Thereafter		532
Total		$	3,356

Changes In Servicing Rights

Changes in the servicing rights balance are summarized as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2022		2021		2022		2021
Beginning of period	$	8,122	$	7,015	$	7,878	$	6,408
Servicing rights capitalized	677		1,140		1,391		2,453
Amortization of servicing rights	(431)		(722)		(907)		(1,514)
Changes in valuation allowance	4		—		10		86
End of period	$	8,372	$	7,433	$	8,372	$	7,433
Loans serviced for others	$	1,475,659	$	1,303,105	$	1,475,659	$	1,303,105

Activity In Valuation Allowance For Servicing Rights

Activity in the valuation allowance for servicing rights was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands)	2022		2021		2022		2021
Valuation allowance, beginning of period	$	(7)	$	(1)	$	(13)	$	(87)
Reductions	4		—		10		86
Valuation allowance, end of period	$	(3)	$	(1)	$	(3)	$	(1)

Estimated Amortization Expense of Servicing Rights

The estimated amortization expense of servicing rights for the remainder of 2022 and the succeeding fiscal years is as follows:

Year	(Dollars in thousands)	Amount
Remainder of 2022		$	1,085
2023		967
2024		859
2025		761
2026		672
Thereafter		4,028
Total		$	8,372