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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 The Company completed its annual assessment of the carrying value of goodwill during 2022 and concluded that its carrying value was not impaired. The Company's reporting unit had positive equity and a qualitative assessment was completed, indicating that it was not more likely than not that goodwill was impaired. The Company's goodwill balance at both December 31, 2022 and December 31, 2021 was $108.9 million. The Company believes that the customer relationships with the deposits acquired have an intangible value. In connection with acquisitions, the Company recorded a core deposit intangible, which represented the value that the acquiree had with their deposit customers. The fair value was estimated based on a discounted cash flow methodology that considered the type of deposit, estimated deposit retention, the cost of the deposit base and an alternate cost of funds. The following tables present the details of the Company's core deposit intangibles (in thousands):
| 2022 | 2021
Gross carrying amount | $ | 21,190 |  | $ | 21,190 |
Accumulated amortization | (14,397) |  | (13,011) |
| $ | 6,793 |  | $ | 8,179 |
Beginning balance | $ | 8,179 |  | $ | 9,651 |
Amortization expense | (1,386) |  | (1,472) |
Ending balance | $ | 6,793 |  | $ | 8,179 |
The core deposit intangibles are being amortized over 10 years. The estimated amortization expense for core deposit intangible assets for each of the next five years is as follows (in thousands):
2023 | $ | 1,220 |
2024 | 1,209 |
2025 | 1,185 |
2026 | 1,090 |
2027 | 1,090 |
Thereafter | 999 |
| $ | 6,793 |

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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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