XML 47 R36.htm IDEA: XBRL DOCUMENT v3.22.2
Goodwill, Core Deposit Intangible and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Goodwill, Core Deposit Intangible Assets and Customer Relationship Intangible Assets

The following tables summarize the changes in the Company’s goodwill, core deposit intangible assets, and customer relationship intangible assets for the three and six months ended June 30, 2022 and 2021:

 

 

 

For the Three Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

Goodwill

 

 

Core
Deposit
Intangible

 

 

Customer Relationship
Intangible

 

 

Goodwill

 

 

Core
Deposit
Intangible

 

 

Customer Relationship
Intangible

 

Beginning balance

 

$

148,353

 

 

$

13,475

 

 

$

2,134

 

 

$

148,353

 

 

$

20,126

 

 

$

2,403

 

Amortization

 

 

 

 

 

(1,530

)

 

 

(338

)

 

 

 

 

 

(1,780

)

 

 

(68

)

Ending balance

 

$

148,353

 

 

$

11,945

 

 

$

1,796

 

 

$

148,353

 

 

$

18,346

 

 

$

2,335

 

Accumulated amortization

 

N/A

 

 

$

43,521

 

 

$

1,420

 

 

N/A

 

 

$

37,120

 

 

$

881

 

Weighted average remaining
   amortization period

 

N/A

 

 

4.5 Years

 

 

6.8 Years

 

 

N/A

 

 

5.2 Years

 

 

8.8 Years

 

 

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

 

Goodwill

 

 

Core
Deposit
Intangible

 

 

Customer Relationship
Intangible

 

 

Goodwill

 

 

Core
Deposit
Intangible

 

 

Customer Relationship
Intangible

 

Beginning balance

 

$

148,353

 

 

$

15,004

 

 

$

2,201

 

 

$

148,353

 

 

$

21,809

 

 

$

2,469

 

Amortization

 

 

 

 

 

(3,059

)

 

 

(405

)

 

 

 

 

 

(3,463

)

 

 

(134

)

Ending balance

 

$

148,353

 

 

$

11,945

 

 

$

1,796

 

 

$

148,353

 

 

$

18,346

 

 

$

2,335

 

Accumulated amortization

 

N/A

 

 

$

43,521

 

 

$

1,420

 

 

N/A

 

 

$

37,120

 

 

$

881

 

Weighted average remaining
   amortization period

 

N/A

 

 

4.5 Years

 

 

6.8 Years

 

 

N/A

 

 

5.2 Years

 

 

8.8 Years

 

Estimated Amortization Expense for Core Deposit Intangible and Customer Relationship Intangible Recognized

The following table presents the estimated amortization expense for core deposit intangible and customer relationship intangible assets remaining at June 30, 2022:

 

 

 

Estimated
Amortization

 

2022

 

$

3,193

 

2023

 

 

4,336

 

2024

 

 

2,286

 

2025

 

 

1,721

 

2026

 

 

1,157

 

Thereafter

 

 

1,048

 

Total

 

$

13,741