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Intangible Assets and Goodwill | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | (7) INTANGIBLE ASSETS AND GOODWILL The following is a summary of intangible assets:
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
|  | (Dollars in thousands) |
As of December 31, 2023 |  |  |  |  |  |  |  |  |
Core deposit intangibles |  | $ | 33,550 |  |  | $ | (17,027 | ) |  | $ | 16,523 |
Customer relationship intangibles |  |  | 3,350 |  |  |  | (3,169 | ) |  |  | 181 |
Total |  | $ | 36,900 |  |  | $ | (20,196 | ) |  | $ | 16,704 |
As of December 31, 2022 |  |  |  |  |  |  |  |  |
Core deposit intangibles |  | $ | 33,298 |  |  | $ | (13,615 | ) |  | $ | 19,683 |
Customer relationship intangibles |  |  | 3,350 |  |  |  | (3,050 | ) |  |  | 300 |
Total |  | $ | 36,648 |  |  | $ | (16,665 | ) |  | $ | 19,983 |
Estimated amortization of intangible assets for the next five years, as of December 31, 2023, is as follows (dollars in thousands):
Estimated Amortization |  |  |
2024 |  | $ | 3,474 |
2025 |  |  | 3,249 |
2026 |  |  | 2,645 |
2027 |  |  | 2,641 |
2028 |  |  | 1,821 |
At December 31, 2023, the weighted-average remaining life of all intangible assets was approximately 5.8 years, which consisted of customer relationship intangibles with a weighted-average life of 1.6 years and core deposit intangibles with a weighted-average life of 5.9 years. The following is a summary of goodwill by business segment:
|  | BancFirst Metropolitan Banks |  |  | BancFirst Community Banks |  |  | Pegasus |  |  | Worthington |  |  | Other Financial Services |  |  | Executive, Operations & Support |  |  | Consolidated |
|  | (Dollars in thousands) |
Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 13,767 |  |  | $ | 61,212 |  |  | $ | 68,855 |  |  | $ | 32,133 |  |  | $ | 5,464 |  |  | $ | 624 |  |  | $ | 182,055 |
Acquisitions |  |  | — |  |  |  | 208 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 208 |
Balance at end of period |  | $ | 13,767 |  |  | $ | 61,420 |  |  | $ | 68,855 |  |  | $ | 32,133 |  |  | $ | 5,464 |  |  | $ | 624 |  |  | $ | 182,263 |
Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 13,767 |  |  | $ | 61,212 |  |  | $ | 68,855 |  |  | $ | — |  |  | $ | 5,464 |  |  | $ | 624 |  |  | $ | 149,922 |
Acquisitions |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 32,133 |  |  |  | — |  |  |  | — |  |  |  | 32,133 |
Balance at end of period |  | $ | 13,767 |  |  | $ | 61,212 |  |  | $ | 68,855 |  |  | $ | 32,133 |  |  | $ | 5,464 |  |  | $ | 624 |  |  | $ | 182,055 |
The Company purchased a branch from RCB Bank on July 20, 2023, which added goodwill as shown in the table above. The Company acquired Worthington on February 8, 2022, which added core deposit intangibles and goodwill shown in the tables above. See Note (2) of the Notes to Consolidated Financial Statements for disclosure regarding the Company’s recent developments, including mergers and acquisitions.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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