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Goodwill and Other Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | Changes in the carrying amount and accumulated amortization of the Company’s core deposit premiums and other intangible assets at March 31, 2024 and December 31, 2023 were as follows:
| March 31, |  | December 31,
(In thousands) | 2024 |  | 2023
Core deposit premiums: |  |  |
Balance, beginning of year | $ | 101,344 |  |  | $ | 116,016 |
Amortization | (3,442) |  |  | (14,672) |
Balance, end of period | 97,902 |  |  | 101,344 |
Books of business and other intangibles: |  |  |
Balance, beginning of year | 11,301 |  |  | 12,935 |
Amortization | (408) |  |  | (1,634) |
Balance, end of period | 10,893 |  |  | 11,301 |
Total other intangible assets, net | $ | 108,795 |  |  | $ | 112,645 |
The carrying basis and accumulated amortization of the Company’s other intangible assets at March 31, 2024 and December 31, 2023 were as follows:
| March 31, |  | December 31,
(In thousands) | 2024 |  | 2023
Core deposit premiums: |  |  |
Gross carrying amount | $ | 177,624 |  |  | $ | 187,467 |
Accumulated amortization | (79,722) |  |  | (86,123) |
Core deposit premiums, net | 97,902 |  |  | 101,344 |
Books of business and other intangibles: |  |  |
Gross carrying amount | 22,068 |  |  | 22,068 |
Accumulated amortization | (11,175) |  |  | (10,767) |
Books of business and other intangibles, net | 10,893 |  |  | 11,301 |
Total other intangible assets, net | $ | 108,795 |  |  | $ | 112,645 |
Estimated Remaining Amortization Expense | The Company’s estimated remaining amortization expense on other intangible assets as of March 31, 2024 is as follows:
(In thousands) | Year |  | Amortization Expense
| Remainder of 2024 |  | $ | 11,553 |
| 2025 |  | 12,819 |
| 2026 |  | 12,346 |
| 2027 |  | 12,218 |
| 2028 |  | 11,312 |
| Thereafter |  | 48,547 |
| Total |  | $ | 108,795 |

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