Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets (In Thousands) The carrying amounts of goodwill by operating segments for the six months ended June 30, 2025 are set forth in the table below. | | | | | | | | | | | | | | | | | Community Banks | | | | Total | Balance at January 1, 2025 | $ | 988,898 | | | | | $ | 988,898 | | Additions to goodwill from The First merger | 430,884 | | | | | 430,884 | | Balance at June 30, 2025 | $ | 1,419,782 | | | | | $ | 1,419,782 | |
The following table provides a summary of finite-lived intangible assets as of the dates presented: | | | | | | | | | | | | | | | | | | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | June 30, 2025 | | | | | | Core deposit intangibles | $ | 242,102 | | | $ | (81,321) | | | $ | 160,781 | | Customer relationship intangible | 7,670 | | | (4,700) | | | 2,970 | | Total finite-lived intangible assets | $ | 249,772 | | | $ | (86,021) | | | $ | 163,751 | | December 31, 2024 | | | | | | Core deposit intangibles | $ | 82,492 | | | $ | (71,881) | | | $ | 10,611 | | Customer relationship intangible | 7,670 | | | (4,176) | | | 3,494 | | Total finite-lived intangible assets | $ | 90,162 | | | $ | (76,057) | | | $ | 14,105 | |
Amortization expense for finite-lived intangible assets is presented in the table below. | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | | June 30, | | June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Amortization expense for: | | | | | | | | Core deposit intangibles | $ | 8,622 | | | $ | 888 | | | $ | 9,440 | | | $ | 1,802 | | Customer relationship intangible | 262 | | | 298 | | | 524 | | | 596 | | Total intangible amortization | $ | 8,884 | | | $ | 1,186 | | | $ | 9,964 | | | $ | 2,398 | |
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