| GOODWILL AND OTHER INTANGIBLES |
NOTE 12. GOODWILL AND OTHER INTANGIBLES The activity impacting goodwill as of September 30, 2026 and December 31, 2025 is as follows: | | | | | | | (in thousands) | | September 30, 2026 | | December 31, 2025 | Balance at beginning of period | | $ | 141,819 | | $ | 119,477 | Acquisition (1) | | | — | | | 22,342 | Balance at end of period | | $ | 141,819 | | $ | 141,819 |
| (1) | In the third quarter 2025, the Company completed its acquisition of Woodsville and recorded $22.3 million in goodwill. Refer to Note 2 for further details. |
The components of other intangible assets as of September 30, 2026 and December 31, 2025 are as follows: | | | | | | | | | | | | September 30, 2026 | | | Gross | | Accumulated | | Net Intangible | (in thousands) | | Intangible Assets | | Amortization | | Assets | Core deposit intangible (non-maturity deposits) (1) | | $ | 22,691 | | $ | (8,571) | | $ | 14,120 | Customer list and other intangibles | | | 2,120 | | | (1,581) | | | 539 | Total | | $ | 24,811 | | $ | (10,152) | | $ | 14,659 |
| (1) | In the third quarter 2025, the Company completed its acquisition of Woodsville and recorded $14.0 million in CDI assets that will amortize over a ten-year period. |
| | | | | | | | | | | | December 31, 2025 | | | Gross | | Accumulated | | Net Intangible | (in thousands) | | Intangible Assets | | Amortization | | Assets | Core deposit intangible (non-maturity deposits) | | $ | 22,691 | | $ | (6,969) | | $ | 15,722 | Customer list and other intangibles | | | 2,120 | | | (1,435) | | | 685 | Total | | $ | 24,811 | | $ | (8,404) | | $ | 16,407 |
Other intangible assets are amortized on a straight-line basis over their estimated lives, which range from five years to 11 years. Amortization expenses related to intangibles for the three months ended September 30, 2026 and 2025 were $582 thousand and $466 thousand, respectively. Amortization expenses related to intangibles for the nine months ended September 30, 2026 and 2025 were $1.7 million and $932 thousand, respectively. The estimated aggregate future amortization expense for other intangible assets remaining at September 30, 2026 is as follows: | | | | | | Other Intangible | (in thousands) | | Assets | 2026 | | $ | 582 | 2027 | | | 2,330 | 2028 | | | 2,357 | 2029 | | | 1,583 | 2030 | | | 1,398 | 2031 and thereafter | | | 6,409 | Total | | $ | 14,659 |
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