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GOODWILL AND OTHER INTANGIBLES | 9 Months Ended
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Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLES | GOODWILL AND OTHER INTANGIBLES Goodwill Goodwill represents the excess consideration paid for net assets acquired in a business combination over their fair values. At September 30, 2022 and December 31, 2021, we had goodwill of $114.3 million and $94.3 million. The following table presents changes in the carrying amount of goodwill for the periods indicated:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
($ in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Goodwill, beginning of period |  | $ | 95,127 |  |  | $ | 37,144 |  |  | $ | 94,301 |  |  | $ | 37,144 |
Goodwill from business combination |  | 18,190 |  |  | — |  |  | 18,190 |  |  | — |
Goodwill adjustments for purchase accounting |  | 995 |  |  | — |  |  | 1,821 |  |  | — |
Goodwill, end of period |  | $ | 114,312 |  |  | $ | 37,144 |  |  | $ | 114,312 |  |  | $ | 37,144 |
Accumulated impairment losses at end of period |  | $ | 2,100 |  |  | $ | 2,100 |  |  | $ | 2,100 |  |  | $ | 2,100 |
The acquisition of Deepstack resulted in the recognition of $18.2 million in goodwill. We also adjusted goodwill as a result of updates to the initial fair value of core deposit intangibles and finalization of income tax returns related to the PMB acquisition during the three and nine months ended September 30, 2022. During the measurement period (not to exceed one year from the acquisition date), the fair value of assets acquired and liabilities assumed are subject to adjustment if additional information becomes available to indicate a more accurate or appropriate value for an asset or liability. We evaluate goodwill for impairment as of October 1 each year, and more frequently if events or circumstances indicate that there may be impairment. We completed our most recent annual goodwill impairment test as of October 1, 2021 and determined that no goodwill impairment existed. During the three and nine months ended September 30, 2022, there were no events or circumstances that indicated an interim impairment test of goodwill was necessary. Other Intangibles Other intangibles are comprised of the following at September 30, 2022 and December 31, 2021:
($ in thousands) |  | September 30, 2022 |  | December 31, 2021
Core deposit intangibles |  | $ | 4,281 |  |  | $ | 6,411 |
Developed technology |  | 2,800 |  |  | — |
Other intangibles |  | 1,000 |  |  | — |
Total other intangibles |  | $ | 8,081 |  |  | $ | 6,411 |
Other intangibles are amortized over their estimated useful lives and reviewed for impairment at least quarterly. As of September 30, 2022, the weighted average remaining amortization period for core deposit intangibles was approximately 6.8 years. Amortization periods for developed technology and other intangibles acquired in the Deepstack acquisition have useful lives ranging from 3 to 10 years. The following table presents changes in the carrying amount of other intangibles for the periods indicated:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
($ in thousands) |  | 2022 |  | 2021 |  | 2022 |  | 2021
Other intangibles: |  |  |  |  |  |  |  |
Balance, beginning of period |  | $ | 34,978 |  |  | $ | 30,904 |  |  | $ | 35,958 |  |  | $ | 30,904 |
Other intangibles from business combination |  | 3,800 |  |  | — |  |  | 3,800 |  |  | — |
Purchase accounting adjustments |  | — |  |  | — |  |  | (980) |  |  | — |
Balance, end of period |  | 38,778 |  |  | 30,904 |  |  | 38,778 |  |  | 30,904 |
Accumulated amortization: |  |  |  |  |  |  |  |
Balance, beginning of period |  | 30,301 |  |  | 28,835 |  |  | 29,547 |  |  | 28,271 |
Amortization of other intangibles |  | 396 |  |  | 282 |  |  | 1,150 |  |  | 846 |
Balance, end of period |  | 30,697 |  |  | 29,117 |  |  | 30,697 |  |  | 29,117 |
Other intangibles |  | $ | 8,081 |  |  | $ | 1,787 |  |  | $ | 8,081 |  |  | $ | 1,787 |
The following table presents estimated future amortization expense of other intangibles as of September 30, 2022:
($ in thousands) |  | Remainder of 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | 2027 and After |  | Total
Estimated future amortization expense |  | $ | 526 |  |  | $ | 1,799 |  |  | $ | 1,425 |  |  | $ | 1,110 |  |  | $ | 1,013 |  |  | $ | 2,208 |  |  | $ | 8,081 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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