v3.26.1
Goodwill & Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill
The carrying amount of goodwill was as follows (dollars in thousands). The goodwill is attributable entirely to the Agency Business.
Agency BusinessTotal
Balance at December 31, 2025$92,048 $92,048 
Goodwill acquired during the period— — 
Balance at June 30, 2026$92,048 $92,048 
Intangible Asset and Goodwill
The following table summarizes the carrying value of the Company’s intangible assets, as described in Note 2 as of June 30, 2026 and December 31, 2025 (dollars in thousands):

June 30, 2026December 31, 2025
Carrying ValueAccumulated AmortizationTotalCarrying ValueAccumulated AmortizationTotal
Indefinite lived intangibles:
Agency License Intangibles$72,500 $— $72,500 $72,500 $— $72,500 
Finite lived intangibles:
Non-compete Agreements$5,200 $(5,200)$— $5,200 $(3,317)$1,883 
Software development4,780 (928)3,852 4,660 (444)4,216 
Intangible lease assets49,192 (13,678)35,514 49,192 (12,238)36,954 
Total$131,672 $(19,806)$111,866 $131,552 $(15,999)$115,553 
Schedule of Expected Future Amortization Expense
The expected amortization of capitalized MSRs recorded at June 30, 2026 is as follows (in thousands):

YearAmortization
2026 (July-December)$17,857 
202732,611 
202826,945 
202922,263 
203018,395 
Thereafter87,478 
Total$205,549 
The following table summarizes the Company's expected other identified intangible assets, net amortization over the next five years (dollars in thousands):
Weighted Avg. Life (in Years)2026 (July - December)2027202820292030
Software development4.3478 956 956 956 506 
Intangible lease assets12.31,440 2,880 2,880 2,880 2,880 
Total$1,918 $3,836 $3,836 $3,836 $3,386