Goodwill, the excess purchase price over the fair value of all identifiable assets and liabilities acquired, totaled $110.9 million at June 30, 2026 and December 31, 2025. Goodwill is reviewed for impairment at least annually during the fourth quarter of each fiscal year. On an ongoing basis, we qualitatively assess whether current events or circumstances warrant the need for an interim quantitative assessment of goodwill impairment. We also monitor fluctuations in our stock price.

The Company performed a qualitative assessment for the annual impairment review at December 31, 2025, and as a result of that assessment had determined that there was no impairment to goodwill. There were no triggering events during the three and six months ended June 30, 2026 that caused management to evaluate goodwill for a quantitative impairment analysis as of June 30, 2026.


	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2026		2025		2026		2025
Balance, beginning of period	$	110,934	$	111,780	$	110,934	$	111,787

Adjustments to goodwill(1)	—		(846)		—		(853)
Balance, end of period	$	110,934	$	110,934	$	110,934	$	110,934

(1)During the three months ended June 30, 2025, goodwill adjustments were related to recoveries on acquired PCD loans previously charged-off prior to the merger with the predecessor California BanCorp. During the six months ended June 30, 2025, the goodwill adjustments were related to a true-up of the low-income housing tax credit investments acquired from the merger with the predecessor California BanCorp, offset by its state net operating losses that cannot be utilized post-merger and aforementioned recoveries on acquired PCD loans previously charged-off prior to the merger with the predecessor California BanCorp.

Core deposit intangibles are amortized over remaining periods of 2.5 to 8.1 years. Trade name is amortized over a remaining period of one month. As of June 30, 2026, the weighted-average remaining amortization period for intangible assets was approximately 7.9 years.

The Company performs the annual impairment analysis for the intangible assets at least annually during the second half of each fiscal year. The Company evaluated current conditions and concluded there had been no significant changes in the economic environment or future projections since the annual intangible assets impairment test performed during the fourth quarter 2025 and therefore, believes that there was no impairment as of June 30, 2026. Management will continue to evaluate the economic conditions at future reporting periods for applicable changes. The following table presents the changes in intangible assets for the three and six months ended June 30, 2026 and 2025.


	Three Months Ended June 30,				Six Months Ended June 30,
(dollars in thousands)	2026		2025		2026		2025
Gross balance, beginning of period	$	27,138	$	27,138	$	27,138	$	27,138
Additions	—		—		—		—

Gross balance, end of period	$	27,138	$	27,138	$	27,138	$	27,138

Accumulated amortization:
Balance, beginning of period	$	(9,458)	$	(5,815)	$	(8,658)	$	(4,867)
Amortization	(800)		(948)		(1,600)		(1,896)
Balance, end of period	(10,258)		(6,763)		(10,258)		(6,763)
Intangible assets, net, end of period	$	16,880	$	20,375	$	16,880	$	20,375