v3.25.2
Goodwill And Other Intangible Assets
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Other Intangible Assets Goodwill and Other Intangible Assets
The following table presents information about the Company's intangible assets which have estimable useful lives.

June 30, 2025December 31, 2024
 
 
(In thousands)
Gross Carrying AmountAccumulated AmortizationValuation AllowanceNet AmountGross Carrying AmountAccumulated AmortizationValuation AllowanceNet Amount
Amortizable intangible assets:
Core deposit premium$5,550 $(5,365)$ $185 $5,550 $(5,286)$— $264 
Mortgage servicing rights13,611 (4,063) 9,548 13,673 (3,905)— 9,768 
Total $19,161 $(9,428)$ $9,733 $19,223 $(9,191)$— $10,032 

Aggregate amortization expense on intangible assets was $306 thousand and $320 thousand for the three month periods ended June 30, 2025 and 2024, respectively and was $644 thousand and $651 thousand for the six months ended June 30, 2025 and 2024, respectively. The following table shows the estimated annual amortization expense for the next five fiscal years. This expense is based on existing asset balances and the interest rate environment as of June 30, 2025. The Company’s actual amortization expense in any given period may be different from the estimated amounts depending upon the acquisition of intangible assets, changes in mortgage interest rates, prepayment rates and other market conditions.

 (In thousands)
2025$1,250 
20261,116 
2027966 
2028841 
2029757 

Changes in the carrying amount of goodwill and other intangible assets for the six month period ended June 30, 2025 are as follows:

(In thousands)GoodwillEasementCore Deposit PremiumMortgage Servicing Rights
Balance January 1, 2025
$146,539 $3,600 $264 $9,768 
Originations, net of disposals— — — 345 
Amortization— — (79)(565)
Balance June 30, 2025$146,539 $3,600 $185 $9,548 

Goodwill allocated to the Company’s operating segments at June 30, 2025 and December 31, 2024 is shown below.

(In thousands)June 30, 2025December 31, 2024
Consumer segment$70,721 $70,721 
Commercial segment75,072 75,072 
Wealth segment746 746 
Total goodwill$146,539 $146,539