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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 4 - Goodwill and Other Intangible Assets During the first quarter of 2022, Synovus reorganized its internal management reporting structure to add an additional segment for Consumer Banking. The Consumer Banking segment was previously included in the Community Banking segment. In connection with the reorganization, management reallocated a portion of the Community Banking goodwill to Consumer Banking using a relative fair value approach. See "Part I - Item 1. Financial Statements and Supplementary Data - Note 10 - Segment Reporting" in this Report for additional information. Goodwill allocated to each reporting unit at September 30, 2022 and December 31, 2021 is presented as follows:
(in thousands) | Wholesale Banking Reporting Unit |  | Community Banking Reporting Unit |  | Consumer Banking Reporting Unit |  | Mortgage Reporting Unit |  | Wealth Management Reporting Unit |  | Total Goodwill
Balance at December 31, 2021 | $ | 171,636 |  |  | $ | 256,323 |  |  | $ | — |  |  | $ | — |  |  | $ | 24,431 |  |  | $ | 452,390 |
Changes during the period from: |  |  |  |  |  |  |  |  |  |  |
Reallocation | — |  |  | (114,701) |  |  | 114,701 |  |  | — |  |  | — |  |  | — |
Balance at September 30, 2022 | $ | 171,636 |  |  | $ | 141,622 |  |  | $ | 114,701 |  |  | $ | — |  |  | $ | 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). Synovus performs its annual evaluation of goodwill impairment during the fourth quarter of each year. Due to the Company’s reorganization of its reporting structure during the first quarter of 2022, as described above, the Company thereby performed a qualitative impairment assessment of the impacted reporting units and determined that performing a quantitative impairment test was not necessary. The following table shows the gross carrying amount and accumulated amortization of other intangible assets as of September 30, 2022 and December 31, 2021, 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 three and nine months ended September 30, 2022, was $2.1 million and $6.4 million, respectively. Aggregate other intangible assets amortization expense for the three and nine months ended September 30, 2021, was $2.4 million and $7.1 million, respectively.
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
September 30, 2022 |  |  |  |  |
CDI | $ | 57,400 |  |  | $ | (33,657) |  |  | $ | 23,743 |
Other | 12,500 |  |  | (7,001) |  |  | 5,499 |
Total other intangible assets | $ | 69,900 |  |  | $ | (40,658) |  |  | $ | 29,242 |
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 |

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