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Goodwill and Other Intangibles | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLES | GOODWILL AND OTHER INTANGIBLES The following table presents goodwill as of the dates presented:
| December 31,
(dollars in thousands) | 2024 |  | 2023
Balance at beginning of year | $ | 373,424 |  |  | $ | 373,424 |
Additions | — |  |  | — |
Balance at End of Year | $ | 373,424 |  |  | $ | 373,424 |
Goodwill is reviewed for impairment annually or more frequently if it is determined that a triggering event has occurred. In our qualitative assessment performed for our annual impairment analysis as of October 1, 2024, we concluded that it is not more likely than not that fair value is less than carrying value. Based on this conclusion, a quantitative impairment test was not performed and we concluded that goodwill was not impaired. No events or circumstances since the October 1, 2024 annual impairment test were noted that would indicate goodwill was impaired at December 31, 2024. The following table presents a summary of intangible assets as of the dates presented:
| December 31,
(dollars in thousands) | 2024 |  | 2023
Gross carrying amount at beginning of year | $ | 31,340 |  |  | $ | 31,340 |
Additions | — |  |  | — |
Accumulated amortization | (28,285) |  |  | (27,281) |
Balance at End of Year | $ | 3,055 |  |  | $ | 4,059 |
Intangible assets of $3.1 million at December 31, 2024 relate to core deposit and wealth management customer relationships resulting from acquisitions. We determined the amount of identifiable intangible assets for our core deposits based upon an independent valuation. Other intangible assets are evaluated for impairment whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. There were no triggering events in 2024 requiring an impairment analysis to be completed. Amortization expense on finite-lived intangible assets totaled $1.0 million, $1.3 million and $1.5 million for 2024, 2023 and 2022. The following is a summary of the expected amortization expense for finite-lived intangible assets, assuming no new additions, for each of the five years following December 31, 2024 and thereafter:
(dollars in thousands) | Amount
2025 | $ | 846 |
2026 | 701 |
2027 | 593 |
2028 | 511 |
2029 | 404 |
Thereafter | — |
Total | $ | 3,055 |

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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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