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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The Company’s goodwill is associated with its three operating segments, Banking, FirsTech, and Wealth Management. Goodwill is tested annually for impairment, and as part of this analysis, the reporting unit's carrying value is compared to its estimated fair value. Based on the impairment testing performed at December 31, 2022, there were no indicators of potential impairment based on the estimated fair value of those operating segments. The Company did not record any new goodwill during the year ended December 31, 2022. During 2021, in connection with the acquisition of CAC, the Company recorded goodwill totaling $6.3 million and other intangible assets totaling $8.8 million in the Banking operating segment, as well as other intangible assets totaling $8.5 million in the Wealth Management segment. The carrying amount of goodwill by operating segment is as follows (dollars in thousands):
| As of December 31,
| 2022 |  | 2021
Goodwill |  |  |
Banking | $ | 294,773 |  |  | $ | 294,773 |
FirsTech | 8,992 |  |  | 8,992 |
Wealth Management | 14,108 |  |  | 14,108 |
Total goodwill | $ | 317,873 |  |  | $ | 317,873 |
Indefinite-lived intangible assets, such as goodwill, are not amortized. Goodwill is the Company's only indefinite-lived intangible asset. Intangible Assets Core deposit and customer relationship intangible assets are amortized over the estimated period during which the Company expects to benefit from the assets. Intangible asset disclosures are as follows (dollars in thousands):
| As of December 31,
| 2022 |  | 2021
| Core deposit intangible |  | Customer relationship intangible |  | Total |  | Core deposit intangible |  | Customer relationship intangible |  | Total
Intangible Assets |  |  |  |  |  |  |  |  |  |  |
Intangible assets, gross | $ | 99,065 |  |  | $ | 33,138 |  |  | $ | 132,203 |  |  | $ | 99,065 |  |  | $ | 33,138 |  |  | $ | 132,203 |
Accumulated amortization | 63,476 |  |  | 22,304 |  |  | 85,780 |  |  | 55,161 |  |  | 18,991 |  |  | 74,152 |
Intangible assets, net | $ | 35,589 |  |  | $ | 10,834 |  |  | $ | 46,423 |  |  | $ | 43,904 |  |  | $ | 14,147 |  |  | $ | 58,051 |
Amortization expense related to intangible assets, as reflected in the Company's Consolidated Statements of Income, is presented in the table below (dollars in thousands):
| Years Ended December 31,
| 2022 |  | 2021 |  | 2020
Amortization Expense |  |  |  |  |
Core deposit intangible | $ | 8,315 |  |  | $ | 8,253 |  |  | $ | 7,753 |
Customer relationship intangible | 3,313 |  |  | 3,021 |  |  | 2,255 |
Amortization of intangible assets | $ | 11,628 |  |  | $ | 11,274 |  |  | $ | 10,008 |
Future expense for the amortization of intangible assets, as estimated, is summarized in the table below (dollars in thousands):
| As of December 31, 2022
| Core deposit intangible |  | Customer relationship intangible |  | Total
Estimated amortization expense |  |  |  |  |
2023 | $ | 7,616 |  |  | $ | 2,816 |  |  | $ | 10,432 |
2024 | 6,902 |  |  | 2,318 |  |  | 9,220 |
2025 | 5,956 |  |  | 1,887 |  |  | 7,843 |
2026 | 5,227 |  |  | 1,479 |  |  | 6,706 |
2027 | 4,490 |  |  | 1,091 |  |  | 5,581 |
Thereafter | 5,398 |  |  | 1,243 |  |  | 6,641 |
Total estimated amortization expense | $ | 35,589 |  |  | $ | 10,834 |  |  | $ | 46,423 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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