v3.26.3
Goodwill and Core Deposit Intangibles
9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Core Deposit Intangibles
18.
Goodwill and Core Deposit Intangibles

As mentioned in Note 20 – Business Combinations, the Company recorded goodwill and core deposit intangibles of $28.0 million and $8.2 million, respectively, relating to the Keystone acquisition (see Note 20 — Business Combinations).

Goodwill and other intangible assets were $53.7 million and $18.7 million, respectively, as of September 30, 2026 and December 31, 2025.

Amortization expense of the core deposit intangible (“CDI”) was approximately $1.2 million and $121,000 for the nine months ended September 30, 2026 and 2025, respectively, and $426,000 and $40,000 for the three months ended September 30, 2026 and 2025, respectively. The remaining weighted average life was 8.92 years at September 30, 2026.

Scheduled amortization of CDI at September 30, 2026 are as follows:

(Dollars in thousands)

 

CDI Amortization

 

2026 (three months remaining)

 

$

415

 

2027

 

 

1,561

 

2028

 

 

1,399

 

2029

 

 

1,236

 

2030

 

 

913

 

2031

 

 

751

 

Thereafter

 

 

1,380

 

 

 

$

7,655