XML 52 R38.htm IDEA: XBRL DOCUMENT v3.24.0.1
Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of 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 
Summary of Future Amortization Expense
The expected amortization of capitalized MSRs recorded at December 31, 2023 is as follows (in thousands):
YearAmortization
2024$65,500 
202562,514 
202656,969 
202752,366 
202845,188 
Thereafter108,717 
Total$391,254 
At December 31, 2023, the weighted average remaining lives of our amortizable finite-lived intangible assets and the estimated annual amortization expense are as follows ($ 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