v3.25.2
Goodwill and Core Deposit Intangible Assets Goodwill and Core Deposit Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2025
Other Intangible Assets [Abstract]  
Schedule of Goodwill
The carrying value of goodwill as of June 30, 2025 and December 31, 2024 is shown in the table below:
(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.
Schedule of Finite-Lived Intangible Assets
The carrying value of CDI assets at June 30, 2025 and December 31, 2024 is shown in the table below:
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.
Schedule of Expected Amortization Schedule
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 
20265,416 
20275,300 
20285,161 
20294,997 
Thereafter
21,707 
Total$45,526