Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets Goodwill The following table details changes in the recorded amount of goodwill: | | | | | | | | | | For the Six Months Ended | For the Year Ended | (Dollars in thousands) | June 30, 2025 | December 31, 2024 | Goodwill, beginning of period | $ | 363,199 | | $ | 362,169 | | Goodwill recorded from acquisitions | — | | 1,030 | | Goodwill, end of period | $ | 363,199 | | $ | 363,199 | | | | | | | |
Other Intangible Assets Other intangible assets were comprised of the following at June 30, 2025, and at December 31, 2024: | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | Core Deposits | | Customer Relationships | | Indefinite-Lived Trade Names | | Total | June 30, 2025 | | | | | | | | Gross intangibles | $ | 54,186 | | | $ | 38,470 | | | $ | 2,491 | | | $ | 95,147 | | | | | | | | | | Accumulated amortization | (33,849) | | | (27,785) | | | — | | | (61,634) | | Total acquisition-related intangibles | $ | 20,337 | | | $ | 10,685 | | | $ | 2,491 | | | $ | 33,513 | | Servicing rights | | | | | | | 1,002 | | Non-compete agreements | | | | | | | 71 | | Total other intangibles | | | | | | | $ | 34,586 | | | | | | | | | | December 31, 2024 | | | | | | | | Gross intangibles | $ | 54,186 | | | $ | 37,920 | | | $ | 2,491 | | | $ | 94,597 | | Intangibles recorded from acquisitions | — | | | 550 | | | — | | | 550 | | Accumulated amortization | (31,545) | | | (25,723) | | | — | | | (57,268) | | Total acquisition-related intangibles | $ | 22,641 | | | $ | 12,747 | | | $ | 2,491 | | | $ | 37,879 | | Servicing rights | | | | | | | 1,216 | | Non-compete agreements | | | | | | | 128 | | Total other intangibles | | | | | | | $ | 39,223 | | | | | | | | | | | | | | | | | |
The following table details estimated aggregate future amortization of other intangible assets at June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | (Dollars in thousands) | | Core Deposits | | Customer Relationships | | Non-Compete Agreements | | Total | Remaining six months of 2025 | | $ | 2,304 | | | $ | 2,061 | | | $ | 55 | | | $ | 4,420 | | 2026 | | 3,736 | | | 3,036 | | | 16 | | | $ | 6,788 | | 2027 | | 3,043 | | | 2,188 | | | — | | | $ | 5,231 | | 2028 | | 2,608 | | | 1,462 | | | — | | | $ | 4,070 | | 2029 | | 2,359 | | | 971 | | | — | | | $ | 3,330 | | Thereafter | | 6,287 | | | 967 | | | — | | | $ | 7,254 | | Total | | $ | 20,337 | | | $ | 10,685 | | | $ | 71 | | | $ | 31,093 | |
The weighted average amortization period of other intangible assets is 7.7 years.
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