Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

(In Thousands)

The carrying amounts of goodwill by operating segments for the three months ended March 31, 2022 were as follows:

	Community Banks		Insurance		Total
Balance at January 1, 2022	$	936,916	$	2,767	$	939,683
Additions to goodwill from the Southeastern Commercial Finance, LLC acquisition	6,608		—		6,608
Balance at March 31, 2022	$	943,524	$	2,767	$	946,291

The following table provides a summary of finite-lived intangible assets as of the dates presented:

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
March 31, 2022
Core deposit intangibles	$	82,492	$	(60,720)	$	21,772
Customer relationship intangible	2,470		(1,511)		959
Total finite-lived intangible assets	$	84,962	$	(62,231)	$	22,731
December 31, 2021
Core deposit intangibles	$	82,492	$	(59,399)	$	23,093
Customer relationship intangible	2,470		(1,465)		1,005
Total finite-lived intangible assets	$	84,962	$	(60,864)	$	24,098

Current year amortization expense for finite-lived intangible assets is presented in the table below.

	Three Months Ended
	March 31,
	2022		2021
Amortization expense for:
Core deposit intangibles	$	1,321	$	1,553
Customer relationship intangible	45		45
Total intangible amortization	$	1,366	$	1,598

The estimated amortization expense of finite-lived intangible assets for the year ending December 31, 2022 and the succeeding four years is summarized as follows:

	Core Deposit Intangibles		Customer Relationship Intangible		Total
2022	$	4,941	$	181	$	5,122
2023	4,044		181		4,225
2024	3,498		181		3,679
2025	3,102		181		3,283
2026	2,899		138		3,037