Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Goodwill:

Goodwill for the six months ended June 30, 2026 and the year ended December 31, 2025 was as follows:


	June 30, 2026		December 31, 2025
(Dollars in thousands)
Beginning of year	$	46,266	$	1,792
Acquired goodwill	—		40,754
Measurement period adjustments	—		3,720
Impairment	—		—
End of period	$	46,266	$	46,266

Intangible assets:

Acquired intangible assets were as follows as of June 30, 2026 and December 31, 2025:


	June 30, 2026				December 31, 2025
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
(Dollars in thousands)
Amortized intangible assets:
Trade Name	$	1,025	$	(291)	$	1,025	$	(188)
Existing Customer Relationships	25,642		(3,633)		25,642		(2,350)
Total	$	26,667	$	(3,924)	$	26,667	$	(2,538)

Aggregate amortization expense on intangible assets was $0.7 million and $1.4 million for the three and six months ended June 30, 2026, respectively, and $0.8 million and $1.3 million for the three and six months ended June 30, 2025, respectively.