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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Other Intangible Assets [Abstract] |
Goodwill and Other Intangible Assets | 8. Goodwill and Other Intangible Assets A summary of goodwill is as follows:
(In thousands) |  |  |
January 1, 2024 |  | $ | 361,851 |
Goodwill acquired |  |  | 812 |
December 31, 2024 |  | $ | 362,663 |
January 1, 2023 |  | $ | 281,204 |
Goodwill acquired |  |  | 80,647 |
December 31, 2023 |  | $ | 361,851 |
The Company has intangible assets with definite useful lives capitalized on its consolidated balance sheet in the form of core deposit and other identified intangible assets. These intangible assets are amortized over their estimated useful lives, which range primarily from one to twenty years. There was no impairment of goodwill recorded during the years ended December 31, 2024, 2023 and 2022. A summary of core deposit and other intangible assets follows:
|  | December 31, |
(In thousands) |  | 2024 |  |  | 2023 |
Core deposit intangibles: |  |  |  |  |  |
Gross carrying amount |  | $ | 31,188 |  |  | $ | 31,188 |
Less: accumulated amortization |  |  | 7,797 |  |  |  | 2,363 |
Net carrying amount |  | $ | 23,391 |  |  | $ | 28,825 |
Identified intangible assets: |  |  |  |  |  |  |  |
Gross carrying amount |  | $ | 34,189 |  |  | $ | 31,826 |
Less: accumulated amortization |  |  | 21,220 |  |  |  | 20,208 |
Net carrying amount |  | $ | 12,969 |  |  | $ | 11,618 |
Total intangibles: |  |  |  |  |  |  |  |
Gross carrying amount |  | $ | 65,377 |  |  | $ | 63,014 |
Less: accumulated amortization |  |  | 29,017 |  |  |  | 22,571 |
Net carrying amount |  | $ | 36,360 |  |  | $ | 40,443 |
Amortization expense on intangible assets with definite useful lives totaled $8.4 million for 2024, $4.7 million for 2023 and $2.3 million for 2022. Amortization expense on intangible assets with definite useful lives is expected to total $7.9 million for 2025, $6.9 million for 2026, $5.8 million for 2027, $4.8 million for 2028, $3.8 million for 2029 and $7.2 million thereafter. Other identified intangible assets include customer lists and non-compete agreements. During the years ended December 31, 2024, 2023 and 2022, there was no impairment of intangible assets.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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