Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

6. GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the changes in the carrying amount of goodwill for the periods presented.


	Year Ended December 31,
	2024		2023
	(Dollars in thousands)
Balance, beginning of period	$	765,822	$	765,822
Additions due to acquisitions		—		—
Balance, end of period	$	765,822	$	765,822

Impairment exists when a reporting unit's carrying value exceeds its fair value. At December 31, 2024, the Company performed a qualitative assessment to determine if it was more likely than not that the fair value of the reporting unit exceeded its carrying value, including goodwill. The qualitative assessment indicated that it was more likely than not that the fair value of the reporting unit exceeded its carrying value, resulting in no impairment.

The following summarizes changes in CDI and the related accumulated amortization for the periods presented.


	Year Ended December 31,
	2024								2023
	Gross CDI		Accumulated			Net CDI			Gross CDI		Accumulated			Net CDI
	Amount		Amortization			Amount			Amount		Amortization			Amount
	(Dollars in thousands)
Balance of intangible assets, beginning of period	$	97,211	$	(81,921	)	$	15,291		$	97,211	$	(75,470	)	$	21,742
Amortization		—		(5,324	)		(5,324	)		—		(6,451	)		(6,451	)
Balance of intangible assets, end of period	$	97,211	$	(87,245	)	$	9,967		$	97,211	$	(81,921	)	$	15,291

The following table reflects the estimated amortization expense for the periods presented, as of December 31, 2024.


	December 31, 2024
Year:	(Dollars in thousands)
2025	$	4,193
2026		2,822
2027		1,397
2028		547
2029		356
Thereafter		652
Total	$	9,967

At December 31, 2024 the weighted average remaining life of intangible assets is approximately 1.72 years.