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Goodwill, Core Deposit Intangible and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Goodwill, Core Deposit Intangible Assets and Customer Relationship Intangible Assets

The following table summarizes the changes in the Company’s goodwill and core deposit intangible assets for the years ended December 31, 2023, 2022, and 2021:

 

2023

 

 

2022

 

 

2021

 

 

Goodwill

 

Core Deposit
Intangible

 

 

Customer
Relationship
Intangible

 

 

Goodwill

 

Core Deposit
Intangible

 

 

Customer
Relationship
Intangible

 

 

Goodwill

 

Core Deposit
Intangible

 

 

Customer
Relationship
Intangible

 

Beginning balance

$

148,353

 

$

8,886

 

 

$

1,648

 

 

$

148,353

 

$

15,004

 

 

$

2,201

 

 

$

148,353

 

$

21,809

 

 

$

2,469

 

Additions

 

33,352

 

 

17,250

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization or accretion

 

 

 

(5,743

)

 

 

(268

)

 

 

 

 

(6,118

)

 

 

(553

)

 

 

 

 

(6,805

)

 

 

(268

)

Ending balance

$

181,705

 

$

20,393

 

 

$

1,380

 

 

$

148,353

 

$

8,886

 

 

$

1,648

 

 

$

148,353

 

$

15,004

 

 

$

2,201

 

Accumulated amortization
   or accretion

N/A

 

$

52,323

 

 

$

1,836

 

 

N/A

 

$

46,580

 

 

$

1,568

 

 

N/A

 

$

40,462

 

 

$

1,015

 

Weighted average
  remaining amortization
  or accretion period

N/A

 

8.3 Years

 

 

5.2 Years

 

 

N/A

 

4.4 Years

 

 

6.2 Years

 

 

N/A

 

4.8 Years

 

 

8.3 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 other intangible assets recognized at December 31, 2023:

 

 

Estimated
Amortization

 

2024

 

$

5,380

 

2025

 

 

4,473

 

2026

 

 

3,566

 

2027

 

 

2,676

 

2028

 

 

2,101

 

Thereafter

 

 

3,577

 

Total

 

$

21,773