XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Goodwill and Other Intangibles | 9 Months Ended
--- | ---
Sep. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | 6. Goodwill and Other Intangibles Changes in the carrying amount of goodwill for the periods ended September 30, 2022 and December 31, 2021 by reportable segment are as follows (in thousands):
|  | Commercial Banking |  |  | Institutional Banking |  |  | Personal Banking |  |  | Total |
Balances as of January 1, 2022 |  | $ | 59,419 |  |  | $ | 51,332 |  |  | $ | 63,767 |  |  | $ | 174,518 |
Branch acquisition |  |  | 3,694 |  |  |  | — |  |  |  | 4,013 |  |  |  | 7,707 |
Balances as of September 30, 2022 |  | $ | 63,113 |  |  | $ | 51,332 |  |  | $ | 67,780 |  |  | $ | 182,225 |
Balances as of January 1, 2021 |  | $ | 59,419 |  |  | $ | 51,332 |  |  | $ | 70,116 |  |  | $ | 180,867 |
Sale of component of business segment |  |  | — |  |  |  | — |  |  |  | (6,349 | ) |  |  | (6,349 | )
Balances as of December 31, 2021 |  | $ | 59,419 |  |  | $ | 51,332 |  |  | $ | 63,767 |  |  | $ | 174,518 |
The following table lists the finite-lived intangible assets that continue to be subject to amortization as of September 30, 2022 and December 31, 2021 (in thousands):
|  | As of September 30, 2022 |
|  | Core Deposit Intangible Assets |  |  | Customer Relationships |  |  | Total |
Gross carrying amount |  | $ | 52,404 |  |  | $ | 71,167 |  |  | $ | 123,571 |
Accumulated amortization |  |  | 50,361 |  |  |  | 59,837 |  |  |  | 110,198 |
Net carrying amount |  | $ | 2,043 |  |  | $ | 11,330 |  |  | $ | 13,373 |
|  | As of December 31, 2021 |
|  | Core Deposit Intangible Assets |  |  | Customer Relationships |  |  | Total |
Gross carrying amount |  | $ | 50,059 |  |  | $ | 71,167 |  |  | $ | 121,226 |
Accumulated amortization |  |  | 49,623 |  |  |  | 57,187 |  |  |  | 106,810 |
Net carrying amount |  | $ | 436 |  |  | $ | 13,980 |  |  | $ | 14,416 |
On March 28, 2022, the Company acquired a bank branch. Included in the branch acquisition were $43.0 million in loans and $226.8 million of deposits. The purchase resulted in recognition of $7.7 million of goodwill and a $2.3 million core deposit intangible asset. On March 31, 2021, the Company sold its membership interests in its Prairie Capital Management, LLC and UMB Merchant Banc, LLC subsidiaries, a component of its Personal Banking segment. The sale included disposition of $6.3 million of goodwill and $1.9 million of net unamortized customer relationship intangibles. The following table has the aggregate amortization expense recognized in each period (in thousands):
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Aggregate amortization expense |  | $ | 1,092 |  |  | $ | 1,110 |  |  | $ | 3,388 |  |  | $ | 3,647 |
The following table lists estimated amortization expense of intangible assets in future periods (in thousands):
For the three months ending December 31, 2022 |  | $ | 1,091 |
For the year ending December 31, 2023 |  |  | 3,899 |
For the year ending December 31, 2024 |  |  | 3,169 |
For the year ending December 31, 2025 |  |  | 2,962 |
For the year ending December 31, 2026 |  |  | 2,103 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration