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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
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, 2023 and 2022 were as follows:

 

 

December 31, 2023

 

 

Purchase

 

Accumulated

 

Carrying

 

($ in thousands)

Value

 

Amortization

 

Value

 

Core deposit intangibles

$

235,845

 

$

209,658

 

$

26,187

 

Credit card and trust relationships

 

49,962

 

 

31,512

 

 

18,450

 

Total

$

285,807

 

$

241,170

 

$

44,637

 

 

 

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

 

Total

$

285,807

 

$

229,614

 

$

56,193

 

Aggregate Amortization Expense

Aggregate amortization expense by category of finite lived intangible assets for the years ended December 31, 2023, 2022, and 2021 are as follows:

 

 

Years Ended December 31,

 

($ in thousands)

2023

 

2022

 

2021

 

Core deposit intangibles

$

9,613

 

$

11,909

 

$

14,304

 

Credit card and trust relationships

 

1,943

 

 

2,124

 

 

2,361

 

Total

$

11,556

 

$

14,033

 

$

16,665

 

Estimated Amortization Expense of Other Intangible Assets

The following table shows estimated amortization expense of other intangible assets at December 31, 2023 for the five succeeding years and all years thereafter, calculated based on current amortization schedules.

 

($ in thousands)

 

 

2024

$

9,413

 

2025

 

7,985

 

2026

 

5,322

 

2027

 

3,682

 

2028

 

3,306

 

Thereafter

 

14,929

 

Total

$

44,637