Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Other Intangible Assets [Abstract]

8. Goodwill and Other Intangible Assets

A summary of goodwill is as follows:

(In thousands)
January 1, 2021	$	280,541
Goodwill acquired		-
December 31, 2021	$	280,541

January 1, 2020	$	274,769
Goodwill acquired		5,772
December 31, 2020	$	280,541

The Company has intangible assets with definite useful lives capitalized on its consolidated balance sheet in the form of core deposit and other identified intangible assets. These intangible assets are amortized over their estimated useful lives, which range primarily from one to twenty years.

There was no impairment of goodwill recorded during the year ended December 31, 2021 and 2020.

A summary of core deposit and other intangible assets follows:

	December 31,
(In thousands)	2021		2020
Core deposit intangibles:
Gross carrying amount	$	7,435	$	8,951
Less: accumulated amortization		7,258		8,463
Net carrying amount	$	177	$	488

Identified intangible assets:
Gross carrying amount	$	25,025	$	27,057
Less: accumulated amortization		16,275		15,810
Net carrying amount	$	8,750	$	11,247

Total intangibles:
Gross carrying amount	$	32,460	$	36,008
Less: accumulated amortization		23,533		24,273
Net carrying amount	$	8,927	$	11,735

Amortization expense on intangible assets with definite useful lives totaled $2.8 million for 2021, $3.4 million for 2020 and $3.6 million for 2019. Amortization expense on intangible assets with definite useful lives is expected to total $2.2 million for 2022, $1.8 million for 2023, $1.5 million for 2024, $1.2 million for 2025, $0.9 million for 2026 and $1.3 million thereafter. Other identified intangible assets include customer lists and non-compete agreements.

During the years ended December 31, 2021, 2020 and 2019 there was no impairment of intangible assets.