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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 Intangible Assets Disclosure [Text Block] | Goodwill and Other Intangible Assets The following tables show the activity in goodwill and other intangible assets for the three-month and the nine-month periods ended September 30, 2022 and 2021.
(in thousands) |  | Goodwill |  | Other intangible assets |  | Total
July 1, 2021 |  | $ | 159,595 |  |  | $ | 8,302 |  |  | $ | 167,897 |
Amortization |  | — |  |  | 420 |  |  | 420 |
September 30, 2021 |  | $ | 159,595 |  |  | $ | 7,882 |  |  | $ | 167,477 |
July 1, 2022 |  | $ | 159,595 |  |  | $ | 6,657 |  |  | $ | 166,252 |
Amortization |  | — |  |  | 341 |  |  | 341 |
September 30, 2022 |  | $ | 159,595 |  |  | $ | 6,316 |  |  | $ | 165,911 |
(in thousands) |  | Goodwill |  | Other intangible assets |  | Total
December 31, 2020 |  | $ | 159,595 |  |  | $ | 9,260 |  |  | $ | 168,855 |
Amortization |  | — |  |  | 1,378 |  |  | 1,378 |
September 30, 2021 |  | $ | 159,595 |  |  | $ | 7,882 |  |  | $ | 167,477 |
December 31, 2021 |  | $ | 159,595 |  |  | $ | 7,462 |  |  | $ | 167,057 |
Amortization |  | — |  |  | 1,146 |  |  | 1,146 |
September 30, 2022 |  | $ | 159,595 |  |  | $ | 6,316 |  |  | $ | 165,911 |
Park evaluates goodwill for impairment during the second quarter of each year, with financial data as of March 31. Based on the qualitative analysis performed as of April 1, 2022, the Company determined that goodwill for Park's reporting unit, PNB, was not impaired. Acquired Intangible Assets The following table shows the balance of acquired intangible assets as of September 30, 2022 and December 31, 2021.
|  | September 30, 2022 |  | December 31, 2021
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Other intangible assets: |  |  |  |  |  |  |  |
Core deposit intangible assets |  | $ | 14,456 |  |  | $ | 8,140 |  |  | $ | 14,456 |  |  | $ | 6,994 |
Trade name intangible assets |  | 1,300 |  |  | 1,300 |  |  | 1,300 |  |  | 1,300 |
Total |  | $ | 15,756 |  |  | $ | 9,440 |  |  | $ | 15,756 |  |  | $ | 8,294 |
Core deposit intangible assets are being amortized, on an accelerated basis, over a period of ten years. Aggregate amortization expense was $341,000 and $420,000 for the three months ended September 30, 2022 and 2021, respectively, and was $1.1 million and $1.4 million for the nine months ended September 30, 2022 and 2021, respectively. Estimated amortization expense related to core deposit intangible assets for each of the next five years follows:
(in thousands) |  | Total
Three months ending December 31, 2022 |  | $ | 341 |
2023 |  | 1,323 |
2024 |  | 1,215 |
2025 |  | 1,042 |
2026 |  | 887 |

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- References No definition available. + Details
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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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