Goodwill and Intangible Assets |
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| Intangible Asset, Goodwill and Other [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets | 10) GOODWILL AND INTANGIBLE ASSETS Goodwill The carrying amount of goodwill at June 30, 2026 and December 31, 2025 was $59,476,000. There was no goodwill acquired, disposed of or impaired during the six months ended June 30, 2026 and 2025. Intangible Assets The following is a summary of intangible assets excluding goodwill recorded as intangible assets on the Company's Unaudited Condensed Consolidated Balance Sheets:
(1) Indefinite-lived intangible assets are comprised of state insurance and agent licenses, as well as perpetual software licenses. Intangible assets subject to amortization and not fully amortized consisted of the following:
No impairment in the value of amortizing or non-amortizing intangible assets was recognized during the six months ended June 30, 2026 and 2025. However, during the six months ended June 30, 2026, we disposed of intangible assets totaling approximately $49,000. Amortization expense of the Company's intangible assets was $610,000 and $610,000 for the three months ended June 30, 2026 and 2025, respectively. Amortization expense of the Company's intangible assets was $1,220,000 and $1,219,000 for the six months ended June 30, 2026 and 2025, respectively. Estimated amortization expense of the Company's intangible assets to be recognized by the Company during the remainder of 2026 and over the next four years is as follows:
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