GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS     

The following table sets forth the carrying value of goodwill and other intangible assets, net of accumulated amortization, at December 31:

	2023		2022
	(Dollars in thousands)
Balances not subject to amortization
Goodwill	$	985,072	$	985,072
Balances subject to amortization
Core deposit intangibles	15,237		20,757
Other intangible assets	2,953		4,311
Total other intangible assets	18,190		25,068
Total goodwill and other intangible assets	$	1,003,262	$	1,010,140

The changes in the carrying value of goodwill for the periods indicated were as follows:

	2023		2022		2021
	(Dollars in thousands)
Balance at beginning of year	$	985,072	$	985,072	$	506,206
Acquisitions	—		—		478,866
Balance at end of year	$	985,072	$	985,072	985,072

The gross carrying amount and accumulated amortization of other intangible assets were as follows at the dates indicated:

	December 31
	2023						2022
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(Dollars in thousands)
Core deposit intangibles	$	46,770	$	(31,533)	$	15,237	$	46,770	$	(26,013)	$	20,757
Other intangible assets	6,100		(3,147)		2,953		6,100		(1,789)		4,311
Total	$	52,870	$	(34,680)	$	18,190	$	52,870	$	(27,802)	$	25,068

The following table sets forth the estimated annual amortization expense of intangible assets for each of the next five years:

Year	Amount
	(Dollars in thousands)
2024	$	5,905
2025	$	4,716
2026	$	2,820
2027	$	2,077
2028	$	1,377

The original weighted average amortization period for intangible assets is 9.5 years.