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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 following table summarizes the Company’s goodwill intangible as of the dates indicated:
(in thousands) | December 31, 2022 |  | Additions |  | Reductions |  | December 31, 2021
Goodwill | $ | 304,442 |  |  | $ | 83,570 |  |  | $ | — |  |  | $ | 220,872 |
Impairment exists when a Company’s carrying value exceeds its fair value. Goodwill is evaluated for impairment annually. At September 30, 2022, the Company had positive equity and the Company elected to perform a qualitative assessment to determine if it was more likely than not that the fair value of the Company exceeded its carrying value, including goodwill. The qualitative assessment indicated that it was more likely than not that the fair value of the reporting unit exceeds its carrying value, resulting in no impairment. For each of the years in the three year period ended December 31, 2022, there were no impairment charges recognized. The following table summarizes the Company’s core deposit intangibles (“CDI”) as of the dates indicated:
(in thousands) | December 31, 2022 |  | December 31, 2021
Core deposit intangibles, gross | $ | 36,265 |  |  | $ | 37,725 |
Fully amortized portion | (8,074) |  |  | (1,460) |
Acquisition of VRB | 10,635 |  |  | — |
Core deposit intangibles, gross ending balance | 38,826 |  |  | 36,265 |
Accumulated amortization, gross | (23,896) |  |  | (19,891) |
Fully amortized portion | 8,074 |  |  | 1,460 |
Amortization expense | (6,334) |  |  | (5,465) |
Accumulated amortization, gross ending balance | (22,156) |  |  | (23,896) |
Core deposit intangible, net | $ | 16,670 |  | $ | 12,369
The Company's remaining CDI balance of $16,670,000 as of December 31, 2022 reflects balances recorded from the VRB acquisition on March 25, 2022 totaling $10,635,000, the FNBB acquisition on July 6, 2018 totaling $2,046,000, and the acquisition of three branch offices from Bank of America on March 18, 2016 totaling $6,614,000. The following table summarizes the Company’s estimated core deposit intangible amortization (dollars in thousands):
Years Ended | Estimated CDI Amortization
2023 | $ | 6,118 |
2024 | 4,120 |
2025 | 1,961 |
2026 | 1,527 |
2027 | 1,008 |
Thereafter | 1,936 |
| $ | 16,670 |

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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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