Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Other Intangibles

Changes in the carrying amount and accumulated amortization of the Company’s core deposit premiums and other intangible assets at December 31, 2024 and 2023 were as follows:

(In thousands)	2024		2023
Core deposit premiums:
Balance, beginning of year	$	101,344	$	116,016
Amortization	(13,769)		(14,672)
Balance, end of year	87,575		101,344
Books of business and other intangibles:
Balance, beginning of year	11,301		12,935
Amortization	(1,634)		(1,634)
Balance, end of year	9,667		11,301
Total other intangible assets, net	$	97,242	$	112,645

The carrying basis and accumulated amortization of the Company’s other intangible assets at December 31, 2024 and 2023 were as follows:

(In thousands)	2024		2023
Core deposit premiums:
Gross carrying amount	$	177,624	$	187,467
Accumulated amortization	(90,049)		(86,123)
Core deposit premiums, net	87,575		101,344
Books of business and other intangibles:
Gross carrying amount	22,068		22,068
Accumulated amortization	(12,401)		(10,767)
Books of business and other intangibles, net	9,667		11,301
Total other intangible assets, net	$	97,242	$	112,645

Schedule of Estimated Remaining Amortization Expense

The Company’s estimated remaining amortization expense on other intangible assets as of December 31, 2024 is as follows: 

Year	(In thousands)
2025	$	12,819
2026	12,346
2027	12,218
2028	11,312
2029	8,563
Thereafter	39,984
Total	$	97,242