XML 34 R20.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Note 13 - Goodwill and Other Intangible Assets | 6 Months Ended
--- | ---
Jun. 30, 2024
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | 13. Goodwill and Other Intangible Assets Goodwill. Total goodwill was $375.7 million as of June 30, 2024, and remains unchanged compared with December 31, 2023. The Company completed its annual goodwill impairment testing and concluded that goodwill was not impaired as of December 31, 2023. Additionally, the Company reviewed the macroeconomic conditions on its business performance and market capitalization as a result of the banking industry market disruptions during the first half of 2024 and concluded that goodwill was not impaired as of June 30, 2024. Core Deposit Intangibles. The following table presents the gross carrying amount and accumulated amortization of core deposits intangible assets as of June 30, 2024, and December 31, 2023:
|  | June 30, 2024 |  |  | December 31, 2023 |
|  | (In thousands) |
Gross balance |  | $ | 10,562 |  |  | $ | 10,562 |
Accumulated amortization |  |  | (5,792 | ) |  |  | (5,291 | )
Impairment |  |  | (1,324 | ) |  |  | (1,227 | )
Net carrying balance |  | $ | 3,446 |  |  | $ | 4,044 |
There was $9 thousand in impairment write-downs included in amortization of core deposit intangibles for the three months ended June 30, 2024, and $309 thousand in impairment write-downs for the three months ended June 30, 2023, compared to $1.2 million for the year ended December 31, 2023, included in amortization of core deposit intangibles on the Consolidated Statements of Operations and Comprehensive Income. The Company amortizes the core deposit intangibles based on the projected useful lives of the related deposits. The amortization expense related to the core deposit intangible assets was $259 thousand and $559 thousand for the three months ended June 30, 2024, and 2023, respectively. The amortization expense related to the core deposit intangible assets was $598 thousand and $809 thousand for the six months ended June 30, 2024, and 2023, respectively. The following table presents the estimated aggregate amortization expense of core deposit intangibles for each of the five succeeding years:
|  | Amount |
|  | (In thousands) |
2024 |  | $ | 501 |
2025 |  |  | 946 |
2026 |  |  | 870 |
2027 |  |  | 870 |
2028 |  |  | 259 |
Total |  | $ | 3,446 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration