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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill. The goodwill balance at both December 31, 2023 and 2022 was $56.6 million.
Other Intangible Assets. The following table sets forth the other intangible assets activity (in thousands):
December 31, 2023December 31, 2022
Gross
Carrying Value
Accumulated
Amortization
TotalGross
Carrying Value
Accumulated
Amortization
Total
Finite‑lived intangible assets:
Broker relationships$25,000 $(23,307)$1,693 $25,000 $(20,182)$4,818 
Borrower relationships14,400 (10,740)3,660 14,400 (9,300)5,100 
Below market leases4,010 (3,611)399 4,010 (3,485)525 
Infinite‑lived intangible assets:
Fannie Mae DUS license17,100 — 17,100 17,100 — 17,100 
Freddie Mac Program Plus license8,700 — 8,700 8,700 — 8,700 
FHA license3,200 — 3,200 3,200 — 3,200 
$72,410 $(37,658)$34,752 $72,410 $(32,967)$39,443 
The amortization expense recorded for these intangible assets was $4.7 million in each of 2023, 2022 and 2021.
At December 31, 2023, the weighted average remaining lives of our amortizable finite-lived intangible assets and the estimated annual amortization expense are as follows ($ in thousands):
Wtd. Avg.
Remaining Life
(in years)
Estimated Amortization Expense for the
Years Ending December 31,
2024202520262027
Finite‑lived intangible assets:
Broker relationships0.5$1,693 $— $— $— 
Borrower relationships2.51,440 1,440 780 — 
Below market leases3.2126 126 126 21 
2.0$3,259 $1,566 $906 $21 
See Note 20 for details of goodwill and other intangible assets by segment.