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Goodwill and Other Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Goodwill | The following is a summary of the gross carrying amount, accumulated amortization and net amount of amortizable intangible assets as of September 30, 2023 and December 31, 2022, and the carrying amount of unamortized intangible assets as of those same dates.
|  | September 30, 2023 |  | December 31, 2022
($ in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Amount
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Customer lists |  | $ | 2,700 |  |  | 2,087 |  |  | 613 |  |  | 2,700 |  |  | 1,847 |  |  | 853 |
Core deposit intangibles |  | 57,890 |  |  | 27,162 |  |  | 30,728 |  |  | 29,050 |  |  | 21,274 |  |  | 7,776 |
Other intangibles |  | 100 |  |  | 77 |  |  | 23 |  |  | 100 |  |  | 58 |  |  | 42 |
Intangibles before servicing assets |  | 60,690 |  |  | 29,326 |  |  | 31,364 |  |  | 31,850 |  |  | 23,179 |  |  | 8,671 |
SBA servicing assets |  | 13,728 |  |  | 10,213 |  |  | 3,515 |  |  | 13,264 |  |  | 9,260 |  |  | 4,004 |
Total amortizable intangible assets |  | $ | 74,418 |  |  | 39,539 |  |  | 34,879 |  |  | 45,114 |  |  | 32,439 |  |  | 12,675 |
Unamortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 478,750 |  |  |  |  |  |  | 364,263 |  |  |  |  |
SBA Servicing Assets | The following table presents the changes in the SBA servicing assets and SBA servicing income for the three and nine months ended September 30, 2023 and 2022:
|  | Three months ended September 30, |  | Nine months ended September 30,
($ in thousands) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Beginning balance, net |  | $ | 3,781 |  |  | 4,967 |  |  | 4,004 |  |  | 5,472 |
Add: New servicing assets |  | 191 |  |  | 131 |  |  | 464 |  |  | 1,158 |
Less: Amortization and impairment expense |  | 457 |  |  | 707 |  |  | 953 |  |  | 2,239 |
Ending balance, net |  | $ | 3,515 |  |  | 4,391 |  |  | 3,515 |  |  | 4,391 |
SBA guaranteed servicing income |  | $ | 846 |  |  | 1,120 |  |  | 2,693 |  |  | 2,901 |
Schedule of Goodwill | The following table presents the changes in carrying amounts of goodwill:
($ in thousands) |  | Total Goodwill
Balance at December 31, 2021 |  | $ | 364,263 |
Net activity during 2022 |  | — |
Balance at December 31, 2022 |  | 364,263 |
Additions from acquisition of GrandSouth |  | 114,487 |
Balance at September 30, 2023 |  | $ | 478,750 |
Schedule of the Estimated Amortization Expense | The following table presents the estimated amortization expense schedule related to acquisition-related amortizable intangible assets, excluding the SBA servicing assets. These amounts will be recorded as "Intangibles amortization expense" within the noninterest expense section of the Consolidated Statements of Income. These estimates are subject to change in future periods to the extent management determines it is necessary to make adjustments to the carrying value or estimated useful lives of amortized intangible assets.
($ in thousands) |  | Estimated Amortization Expense
October 1, 2023 to December 31, 2023 |  | $ | 1,856 |
2024 |  | 6,604 |
2025 |  | 5,672 |
2026 |  | 4,705 |
2027 |  | 3,951 |
Thereafter |  | 8,576 |
Total |  | $ | 31,364 |

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