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Intangible Assets, Goodwill and Other | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | Goodwill and Other Intangible Assets At June 30, 2023, Columbia had $1.0 billion in goodwill related to the Merger, as compared to no goodwill at December 31, 2022. Goodwill represents the excess of the total acquisition price paid over the fair value of the assets acquired, net of fair value of liabilities assumed. Additional information on the Merger and purchase price allocations is provided in Note 2 - Business Combinations. Goodwill is not amortized but is evaluated for potential impairment on an annual basis or whenever events or changes in circumstances indicate the carrying value may not be recoverable. Core deposit intangible assets values were determined by an analysis of the cost differential between the core deposits inclusive of estimated servicing costs and alternative funding sources for core deposits acquired through business combinations. The core deposit intangible assets recorded are amortized on an accelerated basis over a period of 10 years. No impairment losses separate from the scheduled amortization have been recognized in the periods presented. The following table summarizes other intangible assets as of the dates presented:
| Other Intangible Assets
(in thousands) | Gross |  | Accumulated Amortization |  | Net
Balance, December 31, 2022 | $ | 54,561 |  |  | $ | (49,816) |  |  | $ | 4,745 |
Net additions | 710,230 |  |  | — |  |  | 710,230 |
Amortization | — |  |  | (12,660) |  |  | (12,660) |
Balance, March 31, 2023 | 764,791 |  |  | (62,476) |  |  | 702,315 |
Amortization | — |  |  | (35,553) |  |  | (35,553) |
Balance, June 30, 2023 | $ | 764,791 |  |  | $ | (98,029) |  |  | $ | 666,762 |
The table below presents the forecasted amortization expense for intangible assets at June 30, 2023:
(in thousands) |
Year | Expected Amortization
2023 | $ | 63,084 |
2024 | 119,431 |
2025 | 105,458 |
2026 | 92,545 |
2027 | 79,632 |
Thereafter | 206,612 |
Total intangible assets | $ | 666,762 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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