Goodwill And Other Intangible Assets (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule Of Intangible Assets With Estimable Useful Lives |
The following table presents information about the Company's intangible assets which have estimable useful lives.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | (In thousands) | Gross Carrying Amount | Accumulated Amortization | Valuation Allowance | Net Amount | | Gross Carrying Amount | Accumulated Amortization | Valuation Allowance | Net Amount | | Amortizable intangible assets: | | | | | | | | | | | Core deposit premium | $ | 72,581 | | $ | (10,635) | | $ | — | | $ | 61,946 | | | $ | 5,550 | | $ | (5,427) | | $ | — | | $ | 123 | | | Trade name | 5,550 | | (555) | | — | | 4,995 | | | — | | — | | — | | — | | | Customer relationships | 65,500 | | (5,038) | | — | | 60,462 | | | — | | — | | — | | — | | | Mortgage servicing rights | 13,842 | | (4,363) | | — | | 9,479 | | | 13,805 | | (4,217) | | — | | 9,588 | | | Total | $ | 157,473 | | $ | (20,591) | | $ | — | | $ | 136,882 | | | $ | 19,355 | | $ | (9,644) | | $ | — | | $ | 9,711 | |
|
| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
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 | | | 2027 | 20,872 | | | 2028 | 19,035 | | | 2029 | 17,243 | | | 2030 | 15,458 | |
|
| Schedule Of Changes In Carrying Amount Of Goodwill And Net Other Intangible Assets |
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) | Goodwill | Easement | Core Deposit Premium | Trade Name | Customer Relationships | Mortgage Servicing Rights | Balance January 1, 2026 | $ | 146,539 | | $ | 3,600 | | $ | 123 | | $ | — | | $ | — | | $ | 9,588 | | | Acquisition | 107,266 | | — | | 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 | |
|
| Schedule Of Goodwill Allocated By Operating Segments |
Goodwill allocated to the Company’s operating segments at June 30, 2026 and December 31, 2025 is shown below. | | | | | | | | | | (In thousands) | June 30, 2026 | December 31, 2025 | | Retail banking segment | $ | 70,721 | | $ | 70,721 | | | Commercial segment | 75,072 | | 75,072 | | | Wealth segment | 108,012 | | 746 | | | Total goodwill | $ | 253,805 | | $ | 146,539 | |
|