GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Net Carrying Amount of Goodwill by Segment

The following table presents the net carrying amount of goodwill by segment for the periods indicated:

(In thousands)	Community Banking		Insurance		Investment Management		Total
Balance December 31, 2021	$	331,689	$	6,787	$	31,747	$	370,223
Disposal of subsidiary's assets(1)	—		(6,787)		—		(6,787)
Balance December 31, 2022	331,689		—		31,747		363,436
No Activity	—		—		—		—
Balance December 31, 2023	$	331,689	$	—	$	31,747	$	363,436

(1) Relates to a sale of Sandy Spring Insurance Corporation during 2022.

Gross Carrying Amounts and Accumulated Amortization of Intangible Assets and Goodwill

The gross carrying amounts and accumulated amortization of intangible assets and goodwill are presented at December 31 in the following table:

	2023						Weighted	2022						Weighted
	Gross				Net		Average	Gross				Net		Average
	Carrying		Accumulated		Carrying		Remaining	Carrying		Accumulated		Carrying		Remaining
(Dollars in thousands)	Amount		Amortization		Amount		Life	Amount		Amortization		Amount		Life
Amortizing intangible assets:
Core deposit intangibles	$	29,038	$	(20,181)	$	8,857	5.5 years	$	29,038	$	(16,694)	$	12,344	6.5 years
Software intangibles	10,422		(183)		10,239		4.8 years	—		—		—		—
Other identifiable intangibles	13,906		(7,949)		5,957		7.7 years	13,906		(6,395)		7,511		8.8 years
Total amortizing intangible assets	$	53,366	$	(28,313)	$	25,053		$	42,944	$	(23,089)	$	19,855
Non-amortizing intangible assets:
Intangible projects in process(1)	3,248		—		3,248			$	7,027	$	—	$	7,027
Total intangible assets	$	56,614	$	(28,313)	$	28,301		$	49,971	$	(23,089)	$	26,882
Goodwill	$	363,436			$	363,436		$	363,436			$	363,436

(1) Capitalized costs on internal-use licensed software-related projects that are currently in the development/implementation phase.

Estimated Future Amortization Expense for Amortizing Intangibles

The following table presents the estimated future amortization expense for amortizing intangible assets within the years ending December 31:

(In thousands)	Amount
2024	$	6,484
2025	5,724
2026	4,873
2027	3,866
2028	2,956
Thereafter	1,150
Total amortizing intangible assets	$	25,053