Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets [Text Block]

Goodwill and Intangible Assets

The following table presents the original cost and accumulated amortization of intangible assets (in thousands):

	December 31,
	2024		2023
Core deposit premiums	$	103,200	$	103,200
Less: Accumulated amortization	74,654		65,275
Net core deposit premiums	28,546		37,925
Other identifiable intangible assets	51,671		67,151
Less: Accumulated amortization	33,429		45,097
Net other identifiable intangible assets	18,242		22,054
Total intangible assets, net	$	46,788	$	59,979

Expected amortization expense for intangible assets that will continue to be amortized (in thousands):

	Core Deposit Premiums		Other Identifiable Intangible Assets		Total
2025	$	8,675	$	1,840	$	10,515
2026	7,986		1,521		9,507
2027	6,956		1,336		8,292
2028	4,929		1,044		5,973
2029	—		1,010		1,010
Thereafter	—		11,491		11,491
Total	$	28,546	$	18,242	$	46,788

The changes in the carrying value of goodwill by operating segment are as follows (in thousands):

	Commercial Banking		Consumer Banking		Wealth Management		Funds Management and Other		Total
Balance, December 31, 2022	$	910,589	$	43,458	$	90,702	$	—	$	1,044,749
Balance, December 31, 2023	910,589		43,458		90,702		—		1,044,749
Balance, December 31, 2024	910,589		43,458		90,702		—		1,044,749

The Company performed its annual impairment assessment of goodwill on October 1, 2024 based on factors including, but not limited to, general economic conditions, financial services industry considerations, regional economic conditions, global health concerns and related medical developments, general BOKF Financial performance, and reporting unit performance. No impairment was indicated for any reporting unit.