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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Goodwill allocated to each reporting unit at December 31, 2023 and 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 as of December 31, 2021 | $ | 171,636 |  |  | $ | 256,323 |  |  | $ | — |  |  |  |  | $ | 24,431 |  |  | $ | 452,390 |
Change in goodwill from reallocation | — |  |  | (114,701) |  |  | 114,701 |  |  |  |  | — |  |  | — |
Balance as of December 31, 2022 | $ | 171,636 |  |  | $ | 141,622 |  |  | $ | 114,701 |  |  |  |  | $ | 24,431 |  |  | $ | 452,390 |
Changes during the period from: |  |  |  |  |  |  |  |  |  |  |
Reallocation | 4,197 |  |  | — |  |  | — |  |  |  |  | (4,197) |  |  | — |
Acquisition | — |  |  | 30,512 |  |  | — |  |  |  |  | — |  |  | 30,512 |
Divestiture | — |  |  | — |  |  | — |  |  |  |  | (2,462) |  |  | (2,462) |
Balance as of December 31, 2023 | $ | 175,833 |  |  | $ | 172,134 |  |  | $ | 114,701 |  |  |  |  | $ | 17,772 |  |  | $ | 480,440 |
Schedule of Other Intangible Assets | The following table shows the gross carrying amount and accumulated amortization of other intangible assets as of December 31, 2023 and 2022, 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. 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 for the years ended December 31, 2023, 2022, and 2021 was $10.5 million, $8.5 million, and $9.5 million, respectively, and is included in other operating expense on the consolidated statements of income.
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Value
December 31, 2023 |  |  |  |  |
CDI | $ | 57,400 |  |  | $ | (41,745) |  |  | $ | 15,655 |
Client Relationships | 22,100 |  |  | (8,078) |  |  | 14,022 |
Partner Relationships | 4,700 |  |  | (548) |  |  | 4,152 |
Developed Technology | 11,091 |  |  | (1,294) |  |  | 9,797 |
Other | 3,900 |  |  | (1,598) |  |  | 2,302 |
Total other intangible assets | $ | 99,191 |  |  | $ | (53,263) |  |  | $ | 45,928 |
December 31, 2022 |  |  |  |  |
CDI | $ | 57,400 |  |  | $ | (35,484) |  |  | $ | 21,916 |
Client Relationships | 10,800 |  |  | (6,136) |  |  | 4,664 |
Partner Relationships | — |  |  | — |  |  | — |
Developed Technology | — |  |  | — |  |  | — |
Other | 1,700 |  |  | (1,156) |  |  | 544 |
Total other intangible assets | $ | 69,900 |  |  | $ | (42,776) |  |  | $ | 27,124 |
Schedule of Finite-lived Intangible Assets Amortization Expense | The estimated amortization expense of other intangible assets for the next five years is as follows:
(in thousands) | Amortization Expense
2024 | $ | 11,609 |
2025 | 10,510 |
2026 | 9,438 |
2027 | 8,067 |
2028 | 3,826 |

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