v3.25.2
Note 7 - Goodwill and Identifiable Intangible Assets
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

Note 7: Goodwill and Identifiable Intangible Assets

 

The Company has recorded goodwill and other identifiable intangibles associated with purchase business combinations. Goodwill is not amortized, but is evaluated for impairment at least annually. The Company did not recognize impairment during the three and six months ended June 30, 2025 and the year ended December 31, 2024, as no triggering events occurred during such periods. Identifiable intangibles are amortized to their estimated residual values over their expected useful lives. Such lives and residual values are also periodically reassessed to determine if any amortization period adjustments are indicated. During the three and six months ended June 30, 2025 and the year ended December 31, 2024, no such adjustments were recorded.

 

The carrying values of goodwill were:

 

   

At June 30, 2025

   

At December 31, 2024

 
   

(In thousands)

 

Goodwill

  $ 121,673     $ 121,673  

 

The gross carrying amount of identifiable intangible assets and accumulated amortization were:

 

   

At June 30, 2025

   

At December 31, 2024

 
   

Gross

           

Gross

         
   

Carrying

   

Accumulated

   

Carrying

   

Accumulated

 
   

Amount

   

Amortization

   

Amount

   

Amortization

 
   

(In thousands)

 

Core deposit intangibles

  $ 56,808     $ (56,789 )   $ 56,808     $ (56,683 )

 

As of June 30, 2025, the current period and estimated future amortization expense for identifiable intangible assets, to be fully amortized in 2025, was:

 

   

Total

 
   

Core

 
   

Deposit

 
   

Intangibles

 
   

(In thousands)

 

For the six months ended June 30, 2025 (actual)

  $ 106  

The remainder of 2025

    19