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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill

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

 

Summary of Amortizable Intangible Assets

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