Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill allocated to each reporting unit at September 30, 2023 and December 31, 2022 is presented as follows:

(in thousands)	Wholesale Banking Reporting Unit		Community Banking Reporting Unit		Consumer Banking Reporting Unit		Wealth Management Reporting Unit		Total Goodwill
Balance at December 31, 2022	$	171,636	$	141,622	$	114,701	$	24,431	$	452,390
Changes during the period from:
Reallocation	4,197		—		—		(4,197)		—
Acquisition	—		29,923		—		—		29,923
Divestiture	—		—		—		(2,462)		(2,462)
Balance at September 30, 2023	$	175,833	$	171,545	$	114,701	$	17,772	$	479,851

Schedule of Other Intangible Assets

The following table shows the gross carrying amount and accumulated amortization of other intangible assets as of September 30, 2023 and December 31, 2022. The CDI is being amortized over its estimated useful life of approximately ten years utilizing an accelerated method. Other intangible assets resulting from the Qualpay acquisition, which primarily include client relationships, partner relationships, and developed technology, are being amortized on a straight-line basis over their estimated useful lives ranging from five to eight years. Aggregate other intangible assets amortization expense is included in other operating expense on the consolidated statements of income, and for the three and nine months ended September 30, 2023 was $3.0 million and $7.3 million, respectively. Aggregate other intangible assets amortization expense for the three and nine months ended September 30, 2022 was $2.1 million and $6.4 million, respectively.

(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
September 30, 2023
CDI	$	57,400	$	(40,180)	$	17,220
Client Relationships	22,100		(7,421)		14,679
Partner Relationships	4,700		(313)		4,387
Developed Technology	11,091		(739)		10,352
Other	3,900		(1,442)		2,458
Total other intangible assets	$	99,191	$	(50,095)	$	49,096
December 31, 2022
CDI	$	57,400	$	(35,484)	$	21,916
Client Relationships	10,800		(6,136)		4,664
Other	1,700		(1,156)		544
Total other intangible assets	$	69,900	$	(42,776)	$	27,124