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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | GOODWILL AND INTANGIBLE ASSETS Goodwill and intangible assets consist of the following:
(Dollars in thousands) | December 31, 2022 |  | December 31, 2021
Goodwill | $ | 233,709 |  |  | $ | 233,727 |
| December 31, 2022 |  | December 31, 2021
(Dollars in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Core deposit intangibles | $ | 43,578 |  |  | $ | (35,347) |  |  | $ | 8,231 |  |  | $ | 43,578 |  |  | $ | (31,800) |  |  | $ | 11,778 |
Software intangible asset | 16,932 |  |  | (6,702) |  |  | 10,230 |  |  | 16,932 |  |  | (2,469) |  |  | 14,463 |
Other intangible assets | 30,410 |  |  | (16,813) |  |  | 13,597 |  |  | 29,560 |  |  | (12,672) |  |  | 16,888 |
| $ | 90,920 |  |  | $ | (58,862) |  |  | $ | 32,058 |  |  | $ | 90,070 |  |  | $ | (46,941) |  |  | $ | 43,129 |
The changes in goodwill and intangible assets by operating segment during the year are as follows:
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
December 31, 2022 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Total
Beginning balance |  | $ | 119,306 |  |  | $ | 63,275 |  |  | $ | 94,275 |  |  | $ | — |  |  | $ | 276,856 |
Acquired goodwill |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Acquired goodwill - measurement period adjustment |  | — |  |  | — |  |  | (18) |  |  | — |  |  | (18) |
Acquired intangibles |  | 751 |  |  | — |  |  | — |  |  | 100 |  |  | 851 |
Amortization of intangibles |  | (3,761) |  |  | (2,293) |  |  | (5,868) |  |  | — |  |  | (11,922) |
Ending balance |  | $ | 116,296 |  |  | $ | 60,982 |  |  | $ | 88,389 |  |  | $ | 100 |  |  | $ | 265,767 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
December 31, 2021 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Total
Beginning balance |  | $ | 123,882 |  |  | $ | 66,040 |  |  | $ | — |  |  | $ | — |  |  | $ | 189,922 |
Acquired goodwill |  | — |  |  | — |  |  | 73,697 |  |  | — |  |  | 73,697 |
Acquired goodwill - measurement period adjustment |  | — |  |  | 59 |  |  | (3,238) |  |  | — |  |  | (3,179) |
Acquired intangibles |  | — |  |  | — |  |  | 27,292 |  |  | — |  |  | 27,292 |
Amortization of intangibles |  | (4,576) |  |  | (2,824) |  |  | (3,476) |  |  | — |  |  | (10,876) |
Ending balance |  | $ | 119,306 |  |  | $ | 63,275 |  |  | $ | 94,275 |  |  | $ | — |  |  | $ | 276,856 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  |
December 31, 2020 |  | Banking |  | Factoring |  | Payments |  | Corporate |  | Total
Beginning balance |  | $ | 129,272 |  |  | $ | 61,014 |  |  | $ | — |  |  | $ | — |  |  | $ | 190,286 |
Acquired goodwill |  | — |  |  | 4,466 |  |  | — |  |  | — |  |  | 4,466 |
Acquired intangibles |  | — |  |  | 3,500 |  |  | — |  |  | — |  |  | 3,500 |
Amortization of intangibles |  | (5,390) |  |  | (2,940) |  |  | — |  |  | — |  |  | (8,330) |
Ending balance |  | $ | 123,882 |  |  | $ | 66,040 |  |  | $ | — |  |  | $ | — |  |  | $ | 189,922 |
Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value. The Company assesses goodwill for impairment at its reporting units that contain goodwill, Banking, Factoring, and Payments. A goodwill impairment test was performed on the Company's reporting units as of October 1, 2022. At the measurement date the Company elected to perform qualitative assessments to determine if it was more likely than not that the fair value of the reporting units exceeded their carrying values, including goodwill. The qualitative assessment indicated that it was more likely than not that the fair value of the reporting unit exceeded its carrying value, resulting in no impairment. After performing an impairment test of intangible assets during the years ended December 31, 2022, 2021, and 2020, it was determined that the fair value of the intangible assets exceeded their carrying amount and thus no intangible asset impairment was recorded. Except for software intangible assets that are amortized utilizing a straight line method, material acquired intangible assets are being amortized utilizing an accelerated method over their estimated useful lives, which range from 4 to 11 years. The future amortization schedule for the Company’s intangible assets with finite lives is as follows:
(Dollars in thousands) |
2023 | $ | 10,482 |
2024 | 9,159 |
2025 | 5,400 |
2026 | 2,480 |
2027 | 1,571 |
Thereafter | 2,115 |
| $ | 31,207 |
Amortization schedule excludes $851,000 of indefinite lived intangible assets.

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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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