Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 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 nine months ended September 30, 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 September 30, 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
September 30, 2022
Core deposit intangibles	$	82,492	$	(63,190)	$	19,302
Customer relationship intangible	2,470		(1,602)		868
Total finite-lived intangible assets	$	84,962	$	(64,792)	$	20,170
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				Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
Amortization expense for:
Core deposit intangibles	$	1,206	$	1,436	$	3,791	$	4,482
Customer relationship intangible	45		45		136		136
Total intangible amortization	$	1,251	$	1,481	$	3,927	$	4,618

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