v3.26.1
Note 6 - Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Intangible Asset and Goodwill [Text Block]

NOTE 6 Goodwill and Other Intangible Assets

 

The following table summarizes the carrying amount of goodwill, by segment, as of June 30, 2026 and December 31, 2025

 

  

June 30,

  

December 31,

 

(dollars in thousands)

 

2026

  

2025

 

Banking

 $74,111  $74,111 

Retirement and benefit services

  11,523   11,523 

Total goodwill

 $85,634  $85,634 

 

Goodwill is evaluated for impairment on an annual basis, at a minimum, and more frequently when the economic environment or specific circumstances warrant. The Company determined that there was no goodwill impairment as of June 30, 2026

 

The gross carrying amount and accumulated amortization for each type of identifiable intangible asset, as of June 30, 2026 and December 31, 2025, were as follows: 

 

  

June 30, 2026

  

December 31, 2025

 

(dollars in thousands)

 

Gross Carrying Amount

  

Accumulated Amortization

  

Total

  

Gross Carrying Amount

  

Accumulated Amortization

  

Total

 

Identifiable customer intangibles

 $27,504  $(22,961) $4,543  $27,504  $(22,456) $5,048 

Core deposit intangible assets

  41,092   (16,213)  24,879   41,092   (12,769)  28,323 

Total intangible assets

 $68,596  $(39,174) $29,422  $68,596  $(35,225) $33,371 

 

Amortization of total intangible assets was $2.0 million and $2.7 million for the three months ended June 30, 2026 and 2025, respectively. Amortization of total intangible assets was $3.9 million and $5.4 million for the six months ended June 30, 2026 and 2025, respectively.