v3.26.1
Goodwill and Other Intangible Assets - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Intangible Asset, Goodwill and Other [Abstract]    
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
(a) Goodwill
Goodwill represents the excess of the total acquisition price paid over the fair value of the assets acquired, net of fair value of liabilities assumed in connection with mergers and acquisitions. During the six months ended June 30, 2026, the Company recorded $38.1 million of goodwill associated with the acquisition of Olympic. Additional information on the acquisition and purchase price allocations is provided in Note 2 - Business Combinations. There were no additions to goodwill during the six months ended June 30, 2025.
The following table presents the changes in the carrying amount of goodwill during the six months ended June 30, 2026:
(Dollars in thousands)
Balance at December 31, 2025
$240,939 
Additions as a result of acquisitions38,090 
Balance at June 30, 2026
$279,029 
Management analyzes the Company's goodwill on an annual basis on December 31 and between annual tests in certain circumstances such as material adverse changes in legal, business, regulatory and economic factors. An impairment loss is recorded to the extent the carrying amount of goodwill exceeds its implied fair value. The Company performed an annual impairment assessment as of December 31, 2025 and concluded that there was no impairment as of that date. Even though there was no goodwill impairment at December 31, 2025, changes in the economic environment, operations of the reporting unit or other adverse events could result in future impairment charges which could have a material impact on the Company's operating results.
(b) Other Intangible Assets
Other intangible assets represent core deposit intangibles acquired in business combinations with estimated useful lives of ten years. During the six months ended June 30, 2026, the Company recorded $50.3 million of core deposit intangibles associated with the acquisition of Olympic. There were no additions to other intangible assets during the six months ended June 30, 2025. Fully amortized core deposit intangibles of $12.1 million were removed from the gross carrying amount and accumulated amortization during the six months ended June 30, 2026.
The following table summarizes other intangible assets at the dates indicated:
June 30,
2026		December 31,
2025
(Dollars in thousands)
Gross Carrying Value
$68,650 30,455 
Accumulated amortization
(21,381)(28,476)
Net carrying value
$47,269 $1,979 
The following table presents the estimated aggregate amortization of other intangible assets at the dates indicated:
June 30,
2026
Estimated amortization expense
Remainder of 2026$5,883 
20279,658 
20287,284 
20295,790 
20304,728 
Thereafter
13,926 
Total$47,269 
  
Goodwill [Line Items]    
Goodwill $ 279,029 $ 240,939
Operating Segments    
Goodwill [Line Items]    
Goodwill $ 279,029 $ 240,939