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Goodwill, Core Deposit Intangible and Other Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2020
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 nine months ended September 30, 2020 and 2019:  

 

 

 

For the Three Months Ended September 30,

 

 

 

2020

 

 

2019

 

 

 

Goodwill

 

 

Core Deposit

Intangible

 

 

Customer Relationship

Intangible

 

 

Goodwill

 

 

Core Deposit

Intangible

 

 

Customer Relationship

Intangible

 

Beginning balance

 

$

148,353

 

 

$

25,459

 

 

$

2,658

 

 

$

145,638

 

 

$

32,982

 

 

$

2,926

 

Amortization

 

 

 

 

 

(1,825

)

 

 

(122

)

 

 

 

 

 

(1,936

)

 

 

(67

)

Ending balance

 

$

148,353

 

 

$

23,634

 

 

$

2,536

 

 

$

145,638

 

 

$

31,046

 

 

$

2,859

 

Accumulated amortization

 

N/A

 

 

$

31,832

 

 

$

680

 

 

N/A

 

 

$

24,420

 

 

358

 

Weighted average remaining

   amortization period

 

N/A

 

 

5.8 Years

 

 

9.7 Years

 

 

N/A

 

 

6.7 Years

 

 

10.7 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 September 30, 2020:

 

 

 

Estimated

Amortization

 

2020

 

$

1,894

 

2021

 

 

6,998

 

2022

 

 

6,426

 

2023

 

 

4,370

 

2024

 

 

2,286

 

Thereafter

 

 

4,196

 

Total

 

$

26,170