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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Gross Amounts and Accumulated Amortization of Identifiable Intangible Assets

The gross amounts and accumulated amortization of identifiable intangible assets are as follows (in thousands):

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

Gross Amount

 

 

Accumulated Amortization

 

 

Gross Amount

 

 

Accumulated Amortization

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships (useful life of 6-15 years)

 

$

19,000

 

 

$

14,417

 

 

$

19,000

 

 

$

13,664

 

Trademarks (useful life of 15 years)

 

 

1,500

 

 

 

892

 

 

 

1,500

 

 

 

792

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

20,500

 

 

$

15,309

 

 

$

20,500

 

 

$

14,456

 

Summary of Estimated Amortization Expense for Next Five Years Estimated amortization expense for the next five years is as follows (in thousands):

 

 

 

 

 

 

 

 

Amount

 

2024

 

 

 

 

 

 

 

$

853

 

2025

 

 

 

 

 

 

 

 

853

 

2026

 

 

 

 

 

 

 

 

853

 

2027

 

 

 

 

 

 

 

 

853

 

2028

 

 

 

 

 

 

 

 

853