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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets Disclosure | The following table presents the changes in CDI and CRI and the related accumulated amortization for the years indicated:
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (In thousands)
Gross Amount of CDI and CRI: |  |  |  |  |
Balance, beginning of year | $ | 236,264 |  |  | $ | 91,550 |  |  | $ | 133,850 |
Addition from the PacWest Bancorp merger | — |  |  | 145,464 |  |  | — |
Fully amortized portion | (57,500) |  |  | (750) |  |  | (42,300) |
Balance, end of year | 178,764 |  |  | 236,264 |  |  | 91,550 |
Accumulated Amortization: |  |  |  |  |
Balance, beginning of year | (70,787) |  |  | (60,169) |  |  | (88,893) |
Amortization expense | (32,533) |  |  | (11,368) |  |  | (13,576) |
Fully amortized portion | 57,500 |  |  | 750 |  |  | 42,300 |
Balance, end of year | (45,820) |  |  | (70,787) |  |  | (60,169) |
Net CDI and CRI, end of year | $ | 132,944 |  |  | $ | 165,477 |  |  | $ | 31,381 |
Schedule of Goodwill | The following table presents the changes in the carrying amount of goodwill for the years indicated:
| Goodwill
| (In thousands)
Balance, December 31, 2022 | $ | 1,376,736 |
Impairment | (1,376,736) |
Addition from the Merger with PacWest Bancorp | 198,627 |
Balance, December 31, 2023 | $ | 198,627 |
Purchase accounting adjustments - Merger with PacWest Bancorp | 15,894 |
Balance, December 31, 2024 | $ | 214,521 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The following table presents the estimated aggregate future amortization expense for our current CDI and CRI as of the date indicated:
| December 31, 2024
| (In thousands)
Year Ending December 31, |
2025 | $ | 27,657 |
2026 | 24,412 |
2027 | 21,166 |
2028 | 17,920 |
2029 | 14,675 |
Thereafter | 27,114 |
Net CDI and CRI | $ | 132,944 |

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