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Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

The Company’s goodwill was $365.2 million for the years ending December 31, 2024 and 2023, respectively.

The table below presents a summary of intangible assets:

($ in thousands)			Years ended December 31,
			2024						2023
Core deposit intangible, net, beginning of year			$	12,318					$	16,919
Amortization			(3,834)						(4,601)
Core deposit intangible, net, end of year			$	8,484					$	12,318

Amortization expense on the core deposit intangibles was $3.8 million, $4.6 million, and $5.4 million for the years ended December 31, 2024, 2023, and 2022, respectively. The core deposit intangibles are being amortized over a 10-year period.

The following table reflects the amortization schedule for the core deposit intangible at December 31, 2024.

Year			Core Deposit Intangible ($ in thousands)
2025			$	3,068
2026			2,301
2027			1,535
2028			953
2029			396
After 2029			231
			$	8,484

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- References

No definition available.

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 350
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//350/tableOfContent

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