XML 58 R43.htm IDEA: XBRL DOCUMENT v3.25.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Change in Goodwill

The change in goodwill during the years ended December 31, 2024 and 2023 is as follows:

 

 

 

2024

 

 

2023

 

Beginning of year

 

$

56,968

 

 

$

35,842

 

Acquired Goodwill

 

 

 

 

 

21,126

 

Measurement period adjustment

 

 

1,838

 

 

 

 

Impairment

 

 

 

 

 

 

End of year

 

$

58,806

 

 

$

56,968

 

Schedule of Acquired Intangible Assets

Acquired intangible assets were as follows at year-end:

 

 

2024

 

 

2023

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

$

26,910

 

 

$

6,061

 

 

$

26,910

 

 

$

1,344

 

Trade name intangibles

 

348

 

 

 

242

 

 

 

348

 

 

 

181

 

Total

$

27,258

 

 

$

6,303

 

 

$

27,258

 

 

$

1,525

 

Schedule of Expected Aggregate Annual Amortization Expense

Expected aggregate annual amortization expense for the next five years assuming no new acquisitions or impairments is as follows:

 

(In Thousands)

 

 

2025

$

4,291

 

2026

 

3,795

 

2027

 

3,271

 

2028

 

2,791

 

2029

 

2,312

 

2030 and thereafter

 

4,495

 

 

$

20,955