Goodwill and Core Deposit Intangible Asset (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Goodwill and Other Intangible Assets

	As of December 31,
	2023		2022
	(In thousands)
Balances not subject to amortization
Goodwill	$	557,635	$	557,635
Balances subject to amortization
Core deposit intangible	8,570		10,374
Total goodwill and other intangible assets	$	566,205	$	568,009

Schedule of Goodwill Carrying Value

The changes in the carrying value of goodwill for the periods indicated were as follows:

	For the Years Ended December 31,
	2023		2022
	(In thousands)
Balance at beginning of year	$	557,635	$	557,635
Goodwill recorded during the year	—		—
Balance at end of year	$	557,635	$	557,635

Summary of Carrying Amount and Accumulated Amortization of Other Intangible Assets

The following table sets forth the carrying amount of the Company’s core deposit intangible asset, net of accumulated amortization, as of the dates indicated below:

	As of December 31,
	2023						2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(In thousands)
Core deposit intangible	$	11,633	$	(3,063)	$	8,570	$	15,969	$	(5,595)	$	10,374
Total	$	11,633	$	(3,063)	$	8,570	$	15,969	$	(5,595)	$	10,374

Schedule of Amortization Expense

The estimated amortization expense for the remaining useful life of the Company’s core deposit intangible asset is as follows:

Year	(In thousands)
2024	$	2,017
2025	2,017
2026	2,017
2027	2,017
2028	502
Total amortization expense	$	8,570