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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
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 years ended December 31, 2024 and 2023 were as follows:
(Dollars in thousands)BankingWealth ManagementInsuranceConsolidated
Balance at December 31, 2022$138,476 $15,434 $21,600 $175,510 
Addition to goodwill from acquisitions— — — — 
Balance at December 31, 2023138,476 15,434 21,600 175,510 
Addition to goodwill from acquisitions    
Balance at December 31, 2024$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 December 31, 2024At December 31, 2023
(Dollars in thousands)Gross Carrying Amount
Accumulated Amortization (1)
Net Carrying AmountGross Carrying Amount
Accumulated Amortization (1)
Net Carrying Amount
Amortized intangible assets:
Core deposit intangibles$6,788 $6,597 $191 $6,788 $6,329 $459 
Customer-related intangibles2,476 1,348 1,128 4,162 2,653 1,509 
Servicing rights12,274 5,284 6,990 30,850 21,868 8,982 
Total amortized intangible assets$21,538 $13,229 $8,309 $41,800 $30,850 $10,950 
(1) Included within accumulated amortization is a valuation allowance of $7 thousand and $98 thousand on servicing rights at December 31, 2024 and 2023, respectively.
Estimated Aggregate Amortization Expense
The estimated aggregate amortization expense for core deposit and customer-related intangibles for each of the five succeeding fiscal years and thereafter follows:
Year(Dollars in thousands)Amount
2025$469 
2026318 
2027216 
2028161 
2029105 
Thereafter50 
Total$1,319 
Changes in Servicing Rights
Changes in the servicing rights balance are summarized as follows:
 For the Years Ended December 31,
(Dollars in thousands)202420232022
Beginning of period$8,982 $8,572 $7,878 
Servicing rights capitalized2,724 1,946 2,344 
Amortization of servicing rights(1,341)(1,443)(1,658)
Sold servicing rights(3,466)— — 
Changes in valuation allowance91 (93)
End of period$6,990 $8,982 $8,572 
Loans serviced for others$1,032,011 $1,630,032 $1,503,149 
Activity In Valuation Allowance For Servicing Rights Table
Activity in the valuation allowance for servicing rights are summarized as follows:
 For the Years Ended December 31,
(Dollars in thousands)202420232022
Valuation allowance, beginning of period$(98)$(5)$(13)
Additions (93)— 
Reductions91 — 
Valuation allowance, end of period$(7)$(98)$(5)
Estimated Amortization Expense of Servicing Rights
The estimated amortization expense of servicing rights for each of the five succeeding fiscal years and thereafter is as follows:
Year(Dollars in thousand)Amount
2025$972 
2026847 
2027738 
2028643 
2029562 
Thereafter3,228 
Total$6,990