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Goodwill and Identifiable Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by segment

The table below illustrates goodwill by segment for the years ended December 31, 2022 and 2021 ($ in thousands):

 

 

 

General

 

 

 

 

 

 

 

 

 

Banking

 

 

Insurance

 

 

Total

 

Balance as of January 1, 2021

 

$

334,603

 

 

$

50,667

 

 

$

385,270

 

Adjustment during 2021

 

 

 

 

 

(1,033

)

 

 

(1,033

)

Balance as of December 31, 2021

 

 

334,603

 

 

 

49,634

 

 

 

384,237

 

Adjustment during 2022

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2022

 

$

334,603

 

 

$

49,634

 

 

$

384,237

 

Schedule of identifiable intangible assets

At December 31, 2022 and 2021, identifiable intangible assets consisted of the following ($ in thousands):

 

 

 

December 31, 2022

 

 

December 31, 2021

 

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Core deposit intangibles

 

$

87,674

 

 

$

87,199

 

 

$

475

 

 

$

87,674

 

 

$

86,280

 

 

$

1,394

 

Insurance intangibles

 

 

17,272

 

 

 

14,157

 

 

 

3,115

 

 

 

17,272

 

 

 

13,709

 

 

 

3,563

 

Banking charters

 

 

1,325

 

 

 

1,275

 

 

 

50

 

 

 

1,325

 

 

 

1,208

 

 

 

117

 

Total

 

$

106,271

 

 

$

102,631

 

 

$

3,640

 

 

$

106,271

 

 

$

101,197

 

 

$

5,074

 

The following table illustrates the carrying amounts and remaining weighted-average amortization periods of identifiable intangible assets at December 31, 2022 ($ in thousands):

 

 

 

 

 

Remaining

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Average

 

 

 

Net Carrying

 

 

Amortization

 

 

 

Amount

 

 

Period in Years

 

Core deposit intangibles

 

$

475

 

 

 

3.4

 

Insurance intangibles

 

 

3,115

 

 

 

15.8

 

Banking charters

 

 

50

 

 

 

0.8

 

Total

 

$

3,640

 

 

 

14.0