Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles

Goodwill and Other Intangibles

The following table provides information on the significant components of goodwill and other acquired intangible assets at September 30, 2024 and December 31, 2023.

	September 30, 2024
($ in thousands)	Goodwill		Core Deposit Intangible
Gross Carrying Amount	$	65,476	$	59,151
Additions	—		—
Accumulated Impairment Charges	(1,543)		—
Accumulated Amortization	(667)		(18,542)
Net Carrying Amount	$	63,266	$	40,609
Weighted Average Remaining Life (in years)	0.00 years		3.60 years

	December 31, 2023
($ in thousands)	Goodwill		Core Deposit Intangible
Gross Carrying Amount	$	65,476	$	10,503
Additions	—		48,648
Accumulated Impairment Charges	(1,543)		—
Accumulated Amortization	(667)		(11,061)
Net Carrying Amount	$	63,266	$	48,090
Weighted Average Remaining Life (in years)	0.00 years		3.70 years

The aggregate amortization expense was $2.3 million for the three months ended September 30, 2024 and $2.6 million for the three months ended September 30, 2023. The aggregate amortization expense was $7.5 million for the nine months ended September 30, 2024 and $3.5 million for the nine months ended September 30, 2023.

At September 30, 2024, estimated future remaining amortization for amortizing core deposit intangibles within the years ending December 31, is as follows:

($ in thousands)	Amortization Expense
2024	$	2,298
2025	8,589
2026	7,398
2027	6,208
2028	5,060
Thereafter	11,056
Total amortizing intangible assets	$	40,609