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Goodwill and Identifiable Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill by segment

The table below illustrates goodwill by segment for the years ended December 31, 2023 and 2022 ($ in thousands):

 

 

 

General

 

 

 

 

 

 

 

 

 

Banking

 

 

Insurance

 

 

Total

 

Balance as of January 1, 2022

 

$

334,603

 

 

$

49,634

 

 

$

384,237

 

Adjustment during 2022

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2022

 

 

334,603

 

 

 

49,634

 

 

 

384,237

 

Adjustment during 2023

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2023

 

$

334,603

 

 

$

49,634

 

 

$

384,237

 

Schedule of identifiable intangible assets

At December 31, 2023 and 2022, identifiable intangible assets consisted of the following ($ in thousands):

 

 

 

December 31, 2023

 

 

December 31, 2022

 

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Core deposit intangibles

 

$

87,674

 

 

$

87,439

 

 

$

235

 

 

$

87,674

 

 

$

87,199

 

 

$

475

 

Insurance intangibles

 

 

17,272

 

 

 

14,542

 

 

 

2,730

 

 

 

17,272

 

 

 

14,157

 

 

 

3,115

 

Banking charters

 

 

1,325

 

 

 

1,325

 

 

 

 

 

 

1,325

 

 

 

1,275

 

 

 

50

 

Total

 

$

106,271

 

 

$

103,306

 

 

$

2,965

 

 

$

106,271

 

 

$

102,631

 

 

$

3,640

 

The following table illustrates the carrying amounts and remaining weighted-average amortization periods of identifiable intangible assets at December 31, 2023 ($ in thousands):

 

 

 

 

 

Remaining

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

Average

 

 

 

Net Carrying

 

 

Amortization

 

 

 

Amount

 

 

Period in Years

 

Core deposit intangibles

 

$

235

 

 

 

3.2

 

Insurance intangibles

 

 

2,730

 

 

 

14.9

 

Total

 

$

2,965

 

 

 

13.9