v3.26.1
Goodwill, Core Deposit Intangible and Other Intangible Assets
6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill, Core Deposit Intangible and Other Intangible Assets

Note 9—Goodwill, Core Deposit Intangible and Other Intangible Assets

The following tables summarize the changes in the Company’s goodwill, core deposit intangible assets, and customer relationship intangible assets for the periods presented:

 

 

 

For the Three Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

 

Goodwill

 

 

Core
Deposit
Intangible

 

 

Customer Relationship
Intangible

 

 

Goodwill

 

 

Core
Deposit
Intangible

 

 

Customer Relationship
Intangible

 

Beginning balance

 

$

181,852

 

 

$

16,656

 

 

$

777

 

 

$

181,705

 

 

$

14,230

 

 

$

1,045

 

Additions

 

 

 

 

 

 

 

 

 

 

 

147

 

 

 

7,880

 

 

 

 

Amortization

 

 

 

 

 

(1,168

)

 

 

(67

)

 

 

 

 

 

(1,432

)

 

 

(67

)

Ending balance

 

$

181,852

 

 

$

15,488

 

 

$

710

 

 

$

181,852

 

 

$

20,678

 

 

$

978

 

Accumulated amortization

 

N/A

 

 

$

65,108

 

 

$

2,506

 

 

N/A

 

 

$

59,918

 

 

$

2,238

 

Weighted average remaining
   amortization period

 

N/A

 

 

7.4 years

 

 

2.7 years

 

 

N/A

 

 

8.1 years

 

 

3.7 years

 

 

 

 

For the Six Months Ended June 30,

 

 

 

2026

 

 

2025

 

 

 

Goodwill

 

 

Core
Deposit
Intangible

 

 

Customer Relationship
Intangible

 

 

Goodwill

 

 

Core
Deposit
Intangible

 

 

Customer Relationship
Intangible

 

Beginning balance

 

$

181,852

 

 

$

17,824

 

 

$

844

 

 

$

181,705

 

 

$

15,281

 

 

$

1,112

 

Additions

 

 

 

 

 

 

 

 

 

 

 

147

 

 

 

7,880

 

 

 

 

Amortization

 

 

 

 

 

(2,336

)

 

 

(134

)

 

 

 

 

 

(2,483

)

 

 

(134

)

Ending balance

 

$

181,852

 

 

$

15,488

 

 

$

710

 

 

$

181,852

 

 

$

20,678

 

 

$

978

 

Accumulated amortization

 

N/A

 

 

$

65,108

 

 

$

2,506

 

 

N/A

 

 

$

59,918

 

 

$

2,238

 

Weighted average remaining
   amortization period

 

N/A

 

 

7.4 years

 

 

2.7 years

 

 

N/A

 

 

8.1 Years

 

 

3.7 Years

 

During the three and six months ended June 30, 2025, the Company recorded additional goodwill and core deposit intangible assets in conjunction with the First Security acquisition. Please refer to Note 3Acquisition of a Business for further details.

The following table presents the estimated amortization expense for core deposit intangible and customer relationship intangible assets remaining at June 30, 2026:

 

 

Estimated
Amortization

 

Remainder of 2026

 

$

2,470

 

2027

 

 

3,895

 

2028

 

 

3,162

 

2029

 

 

2,337

 

2030

 

 

1,790

 

Thereafter

 

 

2,544

 

Total

 

$

16,198