XML 51 R34.htm IDEA: XBRL DOCUMENT v3.22.4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Change in Goodwill
The change in goodwill during the year is as follows ($ in thousands):
202220212020
Beginning of year$156,663 $156,944 $158,572 
Acquired goodwill23,591 (281)(1,628)
End of year$180,254 $156,663 $156,944 
Schedule of Definite-Lived Intangible Assets
($ in thousands)
2022Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Core deposit intangibles$55,332 $(20,696)$34,636 
2021
Core deposit intangibles$45,541 $(16,032)$29,509 
Amortization Expense of Purchase Accounting Intangible Assets
The related amortization expense of business combination related intangible assets is as follows:
($ in thousands)Amount
Aggregate amortization expense for the year ended December 31:
2020$4,093 
20214,137 
20224,664 
Amount
Estimated amortization expense for the year ending December 31:
2023$5,189 
20245,159 
20255,144 
20265,144 
20274,811 
Thereafter9,189 
Total amortization expense$34,636 
Reconciliation of Numerators and Denominators of Basic and Diluted Computations Applicable to Common Shareholders
December 31, 2022Net
Income
(Numerator)
Weighted Average
Shares
(Denominator)
Per Share
Amount
Basic per common share$62,919 22,023,595 $2.86 
Effect of dilutive shares:
Restricted Stock— 141,930 
$62,919 22,165,525 $2.84 
December 31, 2021
Basic per common share$64,167 21,017,189$3.05 
Effect of dilutive shares:
Restricted Stock— 149,520
$64,167 21,166,709$3.03 
December 31, 2020
Basic per common share$52,505 20,718,544 $2.53 
Effect of dilutive shares:  
Restricted Stock— 104,106 
$52,505 20,822,650 $2.52