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Note 13 - Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Text Block]

13. Goodwill and Other Intangible Assets

Goodwill. Total goodwill was $375.7 million as of September 30, 2025, and remains unchanged compared with December 31, 2024. The Company completed its annual goodwill impairment testing and concluded that goodwill was not impaired as of December 31, 2024.

Core Deposit Intangibles.

The following table presents the gross carrying amount and accumulated amortization of core deposits intangible assets as of September 30, 2025, and December 31, 2024:

	*September 30, 2025*			*December 31, 2024*
	($ In thousands)
Gross balance	$	9,260		$	10,562
Accumulated amortization		(5,719	)		(6,292	)
Impairment		(1,324	)		(1,324	)
Net carrying balance	$	2,217		$	2,946

There were no impairment write-downs included in amortization of core deposit intangibles for the three months ended September 30, 2025, and September 30, 2024. There was no impairment write-downs included in amortization of core deposit intangibles for the nine months ended September 30, 2025, and $97 thousand in impairment write-downs for the nine months ended September 30, 2024.

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 $229 thousand and $250 thousand for the three months ended September 30, 2025, and 2024, respectively. The amortization expense related to the core deposit intangible assets was $729 thousand and $848 thousand for the nine months ended September 30, 2025, and 2024, respectively.

The following table presents the estimated aggregate amortization expense of core deposit intangibles for each of the remaining years:

	*Amount*
	($ In thousands)
2025	$	653
2026		870
2027		694
Total	$	2,217