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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
Goodwill allocated to each reporting unit at December 31, 2024 and 2023 is presented as follows:
(in thousands)Wholesale Banking Reporting UnitCommunity Banking Reporting UnitConsumer Banking Reporting UnitWealth Management Reporting UnitTotal Goodwill
Balance as of December 31, 2022$171,636 $141,622 $114,701 $24,431 $452,390 
Changes during the period from:
Reallocation4,197 — — (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 
Change in goodwill— — — — — 
Balance as of December 31, 2024$175,833 $172,134 $114,701 $17,772 $480,440 
Schedule of Gross Carrying Amount and Accumulated Amortization of Other Intangible Assets
The following table shows the gross carrying amount and accumulated amortization of other intangible assets as of December 31, 2024 and 2023. 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 included 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, 2024, 2023, and 2022 was $11.6 million, $10.5 million, and $8.5 million, respectively, and is included in other operating expense on the consolidated statements of income.
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying Value
December 31, 2024
CDI$57,400 $(46,964)$10,436 
Client Relationships22,100 (10,705)11,395 
Partner Relationships4,700 (1,488)3,212 
Developed Technology11,091 (3,512)7,579 
Other3,900 (2,204)1,696 
Total other intangible assets$99,191 $(64,873)$34,318 
December 31, 2023
CDI$57,400 $(41,745)$15,655 
Client Relationships22,100 (8,078)14,022 
Partner Relationships4,700 (548)4,152 
Developed Technology11,091 (1,294)9,797 
Other3,900 (1,598)2,302 
Total other intangible assets$99,191 $(53,263)$45,928 
Schedule of Estimated Amortization Expense of Other Intangible Assets
The estimated amortization expense of other intangible assets for the next five years is as follows:
(in thousands)Amortization Expense
2025$10,510 
20269,438 
20278,067 
20283,826 
20291,025