v3.26.1
Goodwill and Core Deposit Intangibles
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Core Deposit Intangibles
18.
Goodwill and Core Deposit Intangibles

As mentioned in Note 20 – Business Combinations, the Company recorded goodwill and core deposit intangibles of $28.3 million and $8.2 million, respectively, relating to the Keystone Bancshares, Inc. acquisition (see Note 20 — Business Combinations).

Goodwill and other intangible assets were $54.9 million and $18.7 million, respectively, as of March 31, 2026 and December 31, 2025.

Amortization expense of the core deposit intangible (“CDI”) was approximately $310,000 and $40,000 for the three months ended March 31, 2026 and 2025, respectively. The remaining weighted average life is 9.41 years at March 31, 2026.

Scheduled amortization of CDI at March 31, 2026 are as follows:

(Dollars in thousands)

 

CDI Amortization

 

2026 (nine months remaining)

 

$

1,277

 

2027

 

 

1,561

 

2028

 

 

1,399

 

2029

 

 

1,236

 

2030

 

 

913

 

2031

 

 

750

 

Thereafter

 

 

1,380

 

 

 

$

8,516