Note 7 - Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2026

Notes to Financial Statements

Intangible Asset and Goodwill [Text Block]

7. Goodwill and Other Intangible Assets

Goodwill

Total goodwill was $375.7 million as of June 30, 2026, and remains unchanged compared to December 31, 2025. The Company completed its annual goodwill impairment testing and concluded that goodwill was not impaired as of December 31, 2025. Management has identified no interim events or changes in circumstances that would indicate potential impairment.

Core Deposit Intangibles

The following table presents the gross carrying amount and accumulated amortization of core deposits intangible assets as of June 30, 2026, and December 31, 2025:

		*June 30, 2026*				*December 31, 2025*
		($ In thousands)
Gross balance		$	9,260			$	9,260
Accumulated amortization			(6,372	)			(5,936	)
Impairment			(1,324	)			(1,324	)
Net carrying balance		$	1,564			$	2,000

There were no impairment write-downs included in amortization of core deposit intangibles for the three and six months ended June 30, 2026, and June 30, 2025.

The Company amortizes the core deposit intangibles based on the projected useful lives of the related deposits. The amortization expense related to the core deposit intangible assets was $217 thousand and $250 thousand for the three months ended June 30, 2026, and 2025, respectively. The amortization expense related to the core deposit intangible assets was $435 thousand and $500 thousand for the six months ended June 30, 2026, and 2025, respectively.

The following table presents the estimated aggregate amortization expense of core deposit intangibles for each of the remaining years:

		*Amount*
		($ In thousands)
2026		$	435
2027			870
2028			259
Total		$	1,564