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Goodwill And Other Intangible Assets | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 5 - Goodwill and Other Intangible Assets Goodwill allocated to each reporting unit at December 31, 2021 and December 31, 2020 is presented as follows:
(in thousands) | Community Banking Reporting Unit |  | Wholesale Banking Reporting Unit |  | Consumer Mortgage Reporting Unit |  | Wealth Management Reporting Unit |  | Total
Balance as of December 31, 2019 | $ | 256,323 |  |  | $ | 171,636 |  |  | $ | 44,877 |  |  | $ | 24,431 |  |  | $ | 497,267 |
Goodwill impairment | — |  |  | — |  |  | (44,877) |  |  | — |  |  | (44,877) |
Balance as of December 31, 2020 | $ | 256,323 |  |  | $ | 171,636 |  |  | $ | — |  |  | $ | 24,431 |  |  | $ | 452,390 |
Change in goodwill | — |  |  | — |  |  | — |  |  | — |  |  | — |
Balance as of December 31, 2021 | $ | 256,323 |  |  | $ | 171,636 |  |  | $ | — |  |  | $ | 24,431 |  |  | $ | 452,390 |
Goodwill is evaluated for impairment on an annual basis or whenever an event occurs or circumstances change to indicate that it is more likely than not that an impairment loss has been incurred (i.e., a triggering event). During the fourth quarter of 2021, Synovus completed its annual goodwill impairment evaluation applying ASC 350-20-35-3A Goodwill Subsequent Measurement - Qualitative Assessment Approach and concluded that goodwill was not impaired. During 2020, Synovus recorded a $44.9 million goodwill impairment charge representing all of the goodwill allocated to the Consumer Mortgage reporting unit resulting from a combination of factors, including the extended duration of lower market valuations, high volumes in refinance activity that reduced mortgage yields, and the clarity around the FOMC's longer term policy actions designed to keep interest rates low. The following table shows the gross carrying amount and accumulated amortization of other intangible assets as of December 31, 2021 and 2020, which primarily consist of core deposit intangible assets. The CDI is being amortized over its estimated useful life of approximately ten years utilizing an accelerated method. Aggregate other intangible assets amortization expense for the years ended December 31, 2021, 2020, and 2019 was $9.5 million, $10.6 million, and $11.6 million, respectively, and is included in amortization of intangibles expense within non-interest expense.
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
December 31, 2021 |  |  |  |  |
CDI | $ | 57,400 |  |  | $ | (28,178) |  |  | $ | 29,222 |
Other | 12,500 |  |  | (6,126) |  |  | 6,374 |
Total other intangible assets | $ | 69,900 |  |  | $ | (34,304) |  |  | $ | 35,596 |
December 31, 2020 |  |  |  |  |
CDI | 57,400 |  |  | (19,829) |  |  | $ | 37,571 |
Other | 12,500 |  |  | (4,959) |  |  | 7,541 |
Total other intangible assets | $ | 69,900 |  |  | $ | (24,788) |  |  | $ | 45,112 |
The estimated amortization expense of other intangible assets for the next five years is as follows:
(in thousands) | Amortization Expense
2022 | $ | 8,472 |
2023 | 7,429 |
2024 | 6,366 |
2025 | 5,266 |
2026 | 4,195 |

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- 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 http://asc.fasb.org/topic&trid=2144416 + Details
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