| Intangible Asset [Text Block] |
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(5)
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Core Deposit and Customer List Intangible Assets
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The following is a summary of the gross carrying amount and accumulated amortization of amortizable intangible assets:
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March 31, 2026
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December 31, 2025
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(in thousands)
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Gross
Carrying
Amount
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Accumulated Amortization
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Net Amount
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Gross
Carrying
Amount
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Accumulated Amortization
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Net Amount
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Amortizable intangible assets:
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Core deposit intangibles
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$ |
20,191 |
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$ |
(13,998 |
) |
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$ |
6,193 |
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$ |
20,191 |
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$ |
(13,503 |
) |
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$ |
6,688 |
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Customer list intangibles
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11,856 |
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(6,688 |
) |
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5,168 |
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11,856 |
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(6,384 |
) |
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5,472 |
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Total amortizable intangible assets
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$ |
32,047 |
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|
$ |
(20,686 |
) |
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$ |
11,361 |
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$ |
32,047 |
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$ |
(19,887 |
) |
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$ |
12,160 |
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Amortization expense for all amortizable intangible assets totaled $799,000 and $914,000 for the three month periods ended March 31, 2026 and 2025, respectively.
Future CDI and CLI amortization expense is estimated as follows:
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(in thousands)
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CDI
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CLI
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Remainder of 2026
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$ |
1,485 |
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$ |
912 |
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2027
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|
1,668 |
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|
|
1,064 |
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2028
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1,311 |
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|
912 |
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2029
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|
888 |
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|
760 |
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2030
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|
576 |
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|
608 |
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Thereafter
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|
265 |
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|
912 |
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Total future expense
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$ |
6,193 |
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$ |
5,168 |
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