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Goodwill, Core Deposit Intangible and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2021
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 months ended March 31, 2021 and 2020:  

 

 

 

For the Three Months Ended March 31,

 

 

 

2021

 

 

2020

 

 

 

Goodwill

 

 

Core Deposit

Intangible

 

 

Customer Relationship

Intangible

 

 

Goodwill

 

 

Core Deposit

Intangible

 

 

Customer Relationship

Intangible

 

Beginning balance

 

$

148,353

 

 

$

21,809

 

 

$

2,469

 

 

$

148,353

 

 

$

29,111

 

 

$

2,791

 

Amortization

 

 

 

 

 

(1,683

)

 

 

(66

)

 

 

 

 

 

(1,826

)

 

 

(67

)

Ending balance

 

$

148,353

 

 

$

20,126

 

 

$

2,403

 

 

$

148,353

 

 

$

27,285

 

 

$

2,724

 

Accumulated amortization

 

N/A

 

 

$

33,340

 

 

$

813

 

 

N/A

 

 

$

28,181

 

 

$

492

 

Weighted average remaining

   amortization period

 

N/A

 

 

5.4 Years

 

 

9.0 Years

 

 

N/A

 

 

6.3 Years

 

 

10.2 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 March 31, 2021:

 

 

 

Estimated

Amortization

 

2021

 

$

5,249

 

2022

 

 

6,426

 

2023

 

 

4,371

 

2024

 

 

2,286

 

2025

 

 

1,721

 

Thereafter

 

 

2,476

 

Total

 

$

22,529