
(In thousands)	Goodwill
Balance at December 31, 2024	$	94,697
2025 Activity(1)	56,808
Balance at June 30, 2025	$	151,505

(1) On January 2, 2025, the Company completed the acquisition of Northway and generated $56.8 million of goodwill. Refer to Note 3 for additional details.


	Core Deposit Intangible
(In thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Balance at December 31, 2024	$	6,451	$	(6,036)	$	415
2025 activity	48,058		(2,947)		45,111
Balance at June 30, 2025	$	54,509	$	(8,983)	$	45,526

(1) On January 2, 2025, the Company completed its acquisition of Northway and recorded CDI assets of $48.1 million that will amortize over a ten year period. Refer to Note 3 for further details. For the three months ended June 30, 2025 and 2024, the Company recorded amortization expense of $1.5 million and $139,000, respectively. For the six months ended June 30, 2025 and 2024, the Company recorded amortization expense of $2.9 million and $278,000, respectively. Amortization expense for each period was presented within non-interest expense on the consolidated statements of income.

The following table reflects the estimated amortization expense for CDI assets over the period of estimated economic benefit:


(In thousands)	Core Deposit Intangible Assets
2025	$	2,945
2026	5,416
2027	5,300
2028	5,161
2029	4,997
Thereafter	21,707
Total	$	45,526