| Schedule of Changes in the Carrying Value of Goodwill |
The following table presents the changes in the carrying value of goodwill as of the periods presented.
|
|
|
|
|
|
|
|
|
September 30, |
|
|
December 31, |
|
(Dollars in thousands) |
2026 |
|
|
2025 |
|
Balance, beginning of period |
$ |
765,822 |
|
|
$ |
765,822 |
|
Addition due to acquisition |
|
334,114 |
|
|
|
— |
|
Balance, end of period |
$ |
1,099,936 |
|
|
$ |
765,822 |
|
|
| Summary of Amortizable Intangible Assets |
The following table summarizes changes in core deposit intangible assets and the related accumulated amortization for the periods presented.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
|
(Dollars in thousands) |
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Gross CDI Amount |
|
|
|
|
|
|
|
|
|
|
|
Balance, beginning of period |
$ |
213,793 |
|
|
$ |
97,213 |
|
|
$ |
97,213 |
|
|
$ |
97,213 |
|
Addition due to acquisition |
|
— |
|
|
|
— |
|
|
|
116,580 |
|
|
|
— |
|
Balance, end of period |
$ |
213,793 |
|
|
$ |
97,213 |
|
|
$ |
213,793 |
|
|
$ |
97,213 |
|
Accumulated Amortization |
|
|
|
|
|
|
|
|
|
|
|
Balance, beginning of period |
$ |
(95,866 |
) |
|
$ |
(89,556 |
) |
|
$ |
(91,439 |
) |
|
$ |
(87,247 |
) |
Amortization expense |
|
(3,980 |
) |
|
|
(1,003 |
) |
|
|
(8,407 |
) |
|
|
(3,312 |
) |
Balance, end of period |
|
(99,846 |
) |
|
|
(90,559 |
) |
|
|
(99,846 |
) |
|
|
(90,559 |
) |
Net CDI, end of period |
$ |
113,947 |
|
|
$ |
6,654 |
|
|
$ |
113,947 |
|
|
$ |
6,654 |
|
The following table reflects the estimated amortization expense for other intangible assets as of the date indicated.
|
|
|
|
|
|
|
September 30,
2026 |
|
Year: |
|
(Dollars in thousands) |
|
Remainder of 2026 |
|
$ |
3,858 |
|
2027 |
|
|
14,600 |
|
2028 |
|
|
13,486 |
|
2029 |
|
|
12,972 |
|
2030 |
|
|
12,570 |
|
Thereafter |
|
|
56,461 |
|
Total |
|
$ |
113,947 |
|
|