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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Goodwill allocated to each reporting unit at September 30, 2023 and December 31, 2022 is presented as follows:
(in thousands) | Wholesale Banking Reporting Unit |  | Community Banking Reporting Unit |  | Consumer Banking Reporting Unit |  |  |  | Wealth Management Reporting Unit |  | Total Goodwill
Balance at December 31, 2022 | $ | 171,636 |  |  | $ | 141,622 |  |  | $ | 114,701 |  |  |  |  | $ | 24,431 |  |  | $ | 452,390 |
Changes during the period from: |  |  |  |  |  |  |  |  |  |  |
Reallocation | 4,197 |  |  | — |  |  | — |  |  |  |  | (4,197) |  |  | — |
Acquisition | — |  |  | 29,923 |  |  | — |  |  |  |  | — |  |  | 29,923 |
Divestiture | — |  |  | — |  |  | — |  |  |  |  | (2,462) |  |  | (2,462) |
Balance at September 30, 2023 | $ | 175,833 |  |  | $ | 171,545 |  |  | $ | 114,701 |  |  |  |  | $ | 17,772 |  |  | $ | 479,851 |
Schedule of Other Intangible Assets | The following table shows the gross carrying amount and accumulated amortization of other intangible assets as of September 30, 2023 and December 31, 2022. The CDI is being amortized over its estimated useful life of approximately ten years utilizing an accelerated method. Other intangible assets resulting from the Qualpay acquisition, which primarily include client relationships, partner relationships, and developed technology, are being amortized on a straight-line basis over their estimated useful lives ranging from five to eight years. Aggregate other intangible assets amortization expense is included in other operating expense on the consolidated statements of income, and for the three and nine months ended September 30, 2023 was $3.0 million and $7.3 million, respectively. 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.
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
September 30, 2023 |  |  |  |  |
CDI | $ | 57,400 |  |  | $ | (40,180) |  |  | $ | 17,220 |
Client Relationships | 22,100 |  |  | (7,421) |  |  | 14,679 |
Partner Relationships | 4,700 |  |  | (313) |  |  | 4,387 |
Developed Technology | 11,091 |  |  | (739) |  |  | 10,352 |
Other | 3,900 |  |  | (1,442) |  |  | 2,458 |
Total other intangible assets | $ | 99,191 |  |  | $ | (50,095) |  |  | $ | 49,096 |
December 31, 2022 |  |  |  |  |
CDI | $ | 57,400 |  |  | $ | (35,484) |  |  | $ | 21,916 |
Client Relationships | 10,800 |  |  | (6,136) |  |  | 4,664 |
Other | 1,700 |  |  | (1,156) |  |  | 544 |
Total other intangible assets | $ | 69,900 |  |  | $ | (42,776) |  |  | $ | 27,124 |

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