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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
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, 2024 and 2023 were as follows:

 

 

December 31, 2024

 

 

Purchase

 

Accumulated

 

Carrying

 

($ in thousands)

Value

 

Amortization

 

Value

 

Core deposit intangibles

$

235,845

 

$

217,260

 

$

18,585

 

Credit card and trust relationships

 

49,962

 

 

33,323

 

 

16,639

 

Total

$

285,807

 

$

250,583

 

$

35,224

 

 

 

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

 

Aggregate Amortization Expense

Aggregate amortization expense by category of finite lived intangible assets for the years ended December 31, 2024, 2023, and 2022 are as follows:

 

 

Years Ended December 31,

 

($ in thousands)

2024

 

2023

 

2022

 

Core deposit intangibles

$

7,602

 

$

9,613

 

$

11,909

 

Credit card and trust relationships

 

1,811

 

 

1,943

 

 

2,124

 

Total

$

9,413

 

$

11,556

 

$

14,033

 

Estimated Amortization Expense of Other Intangible Assets

The following table shows estimated amortization expense of other intangible assets at December 31, 2024 for the five succeeding years and all years thereafter, calculated based on current amortization schedules.

 

($ in thousands)

 

 

2025

$

7,985

 

2026

 

5,322

 

2027

 

3,682

 

2028

 

3,306

 

2029

 

2,982

 

Thereafter

 

11,947

 

Total

$

35,224