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Note 6 - Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 6 Goodwill and Other Intangible Assets

The following table summarizes the carrying amount of goodwill, by segment, as of September 30, 2025 and December 31, 2024:

	*September 30,*		*December 31,*
(dollars in thousands)	*2025*		*2024*
Banking	$	74,111	$	74,111
Retirement and benefit services		11,523		11,523
Total goodwill	$	85,634	$	85,634

Goodwill is evaluated for impairment on an annual basis, at a minimum, and more frequently when the economic environment or specific circumstances warrant. The Company determined that there was no goodwill impairment as of September 30, 2025.

The gross carrying amount and accumulated amortization for each type of identifiable intangible asset, as of September 30, 2025 and December 31, 2024, were as follows:

	*September 30, 2025*							*December 31, 2024*
(dollars in thousands)	*Gross Carrying Amount*		*Accumulated Amortization*			*Total*		*Gross Carrying Amount*		*Accumulated Amortization*			*Total*
Identifiable customer intangibles	$	27,504	$	(21,797	)	$	5,707	$	41,423	$	(33,736	)	$	7,687
Core deposit intangible assets		41,092		(11,046	)		30,046		41,092		(4,897	)		36,195
Total intangible assets	$	68,596	$	(32,843	)	$	35,753	$	82,515	$	(38,633	)	$	43,882

Amortization of total intangible assets was $2.7 million and $1.3 million for the three months ended September 30, 2025 and 2024, respectively. Amortization of total intangible assets was $8.1 million and $4.0 million for the nine months ended September 30, 2025 and 2024, respectively.