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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Carrying Value of Intangible Assets Subject to Amortization

Identifiable intangible assets with finite lives are amortized over the periods benefited and are evaluated for impairment similar to other long-lived assets. The purchase and carrying values of intangible assets subject to amortization at December 31, 2022 and 2021 were as follows:

 

 

December 31, 2022

 

 

Purchase

 

Accumulated

 

Carrying

 

($ in thousands)

Value

 

Amortization

 

Value

 

Core deposit intangibles

$

235,845

 

$

200,045

 

$

35,800

 

Credit card and trust relationships

 

49,962

 

 

29,569

 

 

20,393

 

 

$

285,807

 

$

229,614

 

$

56,193

 

 

 

December 31, 2021

 

 

Purchase

 

Accumulated

 

Carrying

 

($ in thousands)

Value

 

Amortization

 

Value

 

Core deposit intangibles

$

235,845

 

$

188,135

 

$

47,710

 

Credit card and trust relationships

 

49,962

 

 

27,446

 

 

22,516

 

 

$

285,807

 

$

215,581

 

$

70,226

 

Aggregate Amortization Expense

Aggregate amortization expense by category of finite lived intangible assets for the years ended December 31, 2022, 2021, and 2020 are as follows:

 

 

Years Ended December 31,

 

($ in thousands)

2022

 

2021

 

2020

 

Core deposit intangibles

$

11,909

 

$

14,304

 

$

16,864

 

Credit card and trust relationships

 

2,124

 

 

2,361

 

 

2,637

 

Merchant processing relationships

 

 

 

 

 

415

 

 

$

14,033

 

$

16,665

 

$

19,916

 

Estimated Amortization Expense of Other Intangible Assets

The following table shows estimated amortization expense of other intangible assets at December 31, 2022 for the five succeeding years and all years thereafter, calculated based on current amortization schedules.

 

($ in thousands)

 

 

2023

$

11,557

 

2024

 

9,413

 

2025

 

7,985

 

2026

 

5,322

 

2027

 

3,682

 

Thereafter

 

18,234

 

 

$

56,193