Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and intangible assets:

Goodwill represents the excess of the cost of a business combination over the fair value of the net assets acquired. The carrying amount of goodwill was $242,561 at both December 31, 2022 and 2021.

Goodwill is tested annually, or more often if circumstances warrant, for impairment. Impairment exists when a reporting unit's carrying value exceeds its fair value. During the years ended December 31, 2022 and 2021, the Company performed a qualitative assessment and determined it was more likely than not that the fair value of the reporting units exceeded its carrying value, including goodwill. As such, no impairment was recorded as of December 31, 2022 or 2021.

Core deposit and other intangibles include core deposit intangibles, customer base trust intangible and manufactured housing servicing intangible. The composition of core deposit and other intangibles as of December 31, 2022 and 2021 is as follows:

	Core deposit and other intangibles
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
December 31, 2022
Core deposit intangible	$	59,835	$	(48,200)	$	11,635
Customer base trust intangible	1,600		(867)		733
Manufactured housing servicing intangible	1,088		(1,088)		—
Total core deposit and other intangibles	$	62,523	$	(50,155)	$	12,368
December 31, 2021
Core deposit intangible	$	59,835	$	(43,902)	$	15,933
Customer base trust intangible	1,600		(707)		893
Manufactured housing servicing intangible	1,088		(961)		127
Total core deposit and other intangibles	$	62,523	$	(45,570)	$	16,953

The estimated aggregate future amortization expense of core deposit and other intangibles is as follows:

2023	$	3,658
2024	2,946
2025	2,306
2026	1,563
2027	1,080
Thereafter	815
	$	12,368