v3.26.1
Goodwill And Other Intangible Assets
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Other Intangible Assets Goodwill and Other Intangible Assets
The following table presents information about the Company's intangible assets which have estimable useful lives.

June 30, 2026December 31, 2025
 
 
(In thousands)
Gross Carrying AmountAccumulated AmortizationValuation AllowanceNet AmountGross Carrying AmountAccumulated AmortizationValuation AllowanceNet Amount
Amortizable intangible assets:
Core deposit premium$72,581 $(10,635)$— $61,946 $5,550 $(5,427)$— $123 
Trade name5,550 (555)— 4,995 — — — — 
Customer relationships65,500 (5,038)— 60,462 — — — — 
Mortgage servicing rights13,842 (4,363)— 9,479 13,805 (4,217)— 9,588 
Total $157,473 $(20,591)$— $136,882 $19,355 $(9,644)$— $9,711 

Aggregate amortization expense on intangible assets was $5.7 million and $306 thousand for the three month periods ended June 30, 2026 and 2025, respectively, and was $11.4 million and $644 thousand for the six month periods ended June 30, 2026 and 2025, respectively. The following table shows the estimated annual amortization expense for the next five fiscal years. This expense is based on existing asset balances and the interest rate environment as of June 30, 2026. The Company’s actual amortization expense in any given period may be different from the estimated amounts depending upon the acquisition of intangible assets, changes in mortgage interest rates, prepayment rates and other market conditions.

 (In thousands)
2026$22,706 
202720,872 
202819,035 
202917,243 
203015,458 

Changes in the carrying amount of goodwill and other intangible assets for the six month period ended June 30, 2026 are as follows:

(In thousands)GoodwillEasementCore Deposit PremiumTrade NameCustomer RelationshipsMortgage Servicing Rights
Balance January 1, 2026
$146,539 $3,600 $123 $— $— $9,588 
Acquisition107,266 — 67,032 5,550 65,500 — 
Originations, net of disposals— — — — — 460 
Amortization— — (5,209)(555)(5,038)(569)
Balance June 30, 2026$253,805 $3,600 $61,946 $4,995 $60,462 $9,479 

The Company added $107.3 million of goodwill related to the FineMark acquisition in the first quarter of 2026. The goodwill was calculated based on the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date and is subject to change as additional information becomes available during the measurement period. Goodwill related to the FineMark acquisition was allocated entirely to the Company's Wealth segment. Goodwill allocated to the Company’s operating segments at June 30, 2026 and December 31, 2025 is shown below.

(In thousands)June 30, 2026December 31, 2025
Retail banking segment$70,721 $70,721 
Commercial segment75,072 75,072 
Wealth segment108,012 746 
Total goodwill$253,805 $146,539