| Summary of Changes in Goodwill, Core Deposit Intangible Assets and Customer Relationship 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:
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For the Three Months Ended June 30, |
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2026 |
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2025 |
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Goodwill |
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|
Core
Deposit
Intangible |
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Customer Relationship
Intangible |
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|
Goodwill |
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Core
Deposit
Intangible |
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Customer Relationship
Intangible |
|
Beginning balance |
|
$ |
181,852 |
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|
$ |
16,656 |
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|
$ |
777 |
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|
$ |
181,705 |
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|
$ |
14,230 |
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|
$ |
1,045 |
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Additions |
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— |
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|
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— |
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|
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— |
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|
|
147 |
|
|
|
7,880 |
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|
|
— |
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Amortization |
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|
— |
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|
(1,168 |
) |
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|
(67 |
) |
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— |
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(1,432 |
) |
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|
(67 |
) |
Ending balance |
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$ |
181,852 |
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$ |
15,488 |
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$ |
710 |
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$ |
181,852 |
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$ |
20,678 |
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$ |
978 |
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Accumulated amortization |
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N/A |
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$ |
65,108 |
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$ |
2,506 |
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N/A |
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$ |
59,918 |
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$ |
2,238 |
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Weighted average remaining
amortization period |
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N/A |
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7.4 years |
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2.7 years |
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N/A |
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8.1 years |
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|
3.7 years |
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For the Six Months Ended June 30, |
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2026 |
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2025 |
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|
Goodwill |
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|
Core
Deposit
Intangible |
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Customer Relationship
Intangible |
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|
Goodwill |
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Core
Deposit
Intangible |
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|
Customer Relationship
Intangible |
|
Beginning balance |
|
$ |
181,852 |
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|
$ |
17,824 |
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|
$ |
844 |
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$ |
181,705 |
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|
$ |
15,281 |
|
|
$ |
1,112 |
|
Additions |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
147 |
|
|
|
7,880 |
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|
|
— |
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Amortization |
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|
— |
|
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(2,336 |
) |
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|
(134 |
) |
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— |
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(2,483 |
) |
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(134 |
) |
Ending balance |
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$ |
181,852 |
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$ |
15,488 |
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$ |
710 |
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$ |
181,852 |
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$ |
20,678 |
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$ |
978 |
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Accumulated amortization |
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N/A |
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$ |
65,108 |
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$ |
2,506 |
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N/A |
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$ |
59,918 |
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$ |
2,238 |
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Weighted average remaining
amortization period |
|
N/A |
|
|
7.4 years |
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2.7 years |
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|
N/A |
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8.1 Years |
|
|
3.7 Years |
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| Estimated Amortization Expense for Core Deposit Intangible and Customer Relationship Intangible Recognized |
The following table presents the estimated amortization expense for core deposit intangible and customer relationship intangible assets remaining at June 30, 2026:
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Estimated
Amortization |
|
Remainder of 2026 |
|
$ |
2,470 |
|
2027 |
|
|
3,895 |
|
2028 |
|
|
3,162 |
|
2029 |
|
|
2,337 |
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2030 |
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|
1,790 |
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Thereafter |
|
|
2,544 |
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Total |
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$ |
16,198 |
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