v3.25.4

GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2025
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, 2025 |  | December 31, 2024
Goodwill | $ | 355,296 |  |  | $ | 241,949 |
| December 31, 2025 |  | December 31, 2024
(Dollars in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Core deposit intangibles | $ | 43,578 |  |  | $ | (41,836) |  |  | $ | 1,742 |  |  | $ | 43,578 |  |  | $ | (40,310) |  |  | $ | 3,268 |
Software intangible asset | 26,932 |  |  | (18,461) |  |  | 8,471 |  |  | 18,612 |  |  | (15,168) |  |  | 3,444 |
Customer relationship intangibles | 65,494 |  |  | (28,776) |  |  | 36,718 |  |  | 30,014 |  |  | (23,053) |  |  | 6,961 |
Other intangible assets | 3,641 |  |  | (2,684) |  |  | 957 |  |  | 5,627 |  |  | (3,041) |  |  | 2,586 |
| $ | 139,645 |  |  | $ | (91,757) |  |  | $ | 47,888 |  |  | $ | 97,831 |  |  | $ | (81,572) |  |  | $ | 16,259 |
The changes in goodwill and intangible assets by operating segment during the year are as follows:
(Dollars in thousands) |  |  |  |  |  |  |  |  |  | Total |  | Corporate |  |
December 31, 2025 |  | Banking |  | Factoring |  | Payments |  | Intelligence |  | Segments |  | and Other |  | Total
Beginning balance |  | $ | 110,974 |  |  | $ | 57,671 |  |  | $ | 77,985 |  |  | $ | 10,000 |  |  | $ | 256,630 |  |  | $ | 1,578 |  |  | $ | 258,208 |
Acquired goodwill |  | — |  |  | 16,293 |  |  | 15,601 |  |  | 81,453 |  |  | 113,347 |  |  | — |  |  | 113,347 |
Acquired intangibles |  | — |  |  | — |  |  | 14,625 |  |  | 29,180 |  |  | 43,805 |  |  | 119 |  |  | 43,924 |
Divestiture of intangibles |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (646) |  |  | (646) |
Amortization of intangibles |  | (1,540) |  |  | (772) |  |  | (4,751) |  |  | (3,713) |  |  | (10,776) |  |  | (806) |  |  | (11,582) |
Amortization of intangibles included in lease income |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (67) |  |  | (67) |
Ending balance |  | $ | 109,434 |  |  | $ | 73,192 |  |  | $ | 103,460 |  |  | $ | 116,920 |  |  | $ | 403,006 |  |  | $ | 178 |  |  | $ | 403,184 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  | Total |  | Corporate |  |
December 31, 2024 |  | Banking |  | Factoring |  | Payments |  | Intelligence |  | Segments |  | and Other |  | Total
Beginning balance |  | $ | 113,346 |  |  | $ | 59,161 |  |  | $ | 84,748 |  |  | $ | — |  |  | $ | 257,255 |  |  | $ | 100 |  |  | $ | 257,355 |
Acquired goodwill |  | — |  |  | — |  |  | — |  |  | 8,240 |  |  | 8,240 |  |  | — |  |  | 8,240 |
Acquired intangibles |  | — |  |  | — |  |  | — |  |  | 1,760 |  |  | 1,760 |  |  | 2,920 |  |  | 4,680 |
Amortization of intangibles |  | (2,372) |  |  | (1,490) |  |  | (6,763) |  |  | — |  |  | (10,625) |  |  | (1,367) |  |  | (11,992) |
Amortization of intangibles included in lease income |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (75) |  |  | (75) |
Ending balance |  | $ | 110,974 |  |  | $ | 57,671 |  |  | $ | 77,985 |  |  | $ | 10,000 |  |  | $ | 256,630 |  |  | $ | 1,578 |  |  | $ | 258,208 |
(Dollars in thousands) |  |  |  |  |  |  |  |  |  | Total |  | Corporate |  |
December 31, 2023 |  | Banking |  | Factoring |  | Payments |  | Intelligence |  | Segments |  | and Other |  | Total
Beginning balance |  | $ | 116,296 |  |  | $ | 60,982 |  |  | $ | 88,389 |  |  | $ | — |  |  | $ | 265,667 |  |  | $ | 100 |  |  | $ | 265,767 |
Acquired intangibles |  | — |  |  | — |  |  | 3,042 |  |  | — |  |  | 3,042 |  |  | — |  |  | 3,042 |
Amortization of intangibles |  | (2,950) |  |  | (1,821) |  |  | (6,683) |  |  | — |  |  | (11,454) |  |  | — |  |  | (11,454) |
Ending balance |  | $ | 113,346 |  |  | $ | 59,161 |  |  | $ | 84,748 |  |  | $ | — |  |  | $ | 257,255 |  |  | $ | 100 |  |  | $ | 257,355 |
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, Payments, and Intelligence. A quantitative goodwill impairment test was performed on the Company's reporting units as of October 1, 2025 which indicated that the fair value of the reporting units exceeded the reporting units' carrying value. After performing an impairment test of intangible assets during the years ended December 31, 2025, 2024, and 2023, it was determined that no indicators of impairment were present and thus, no intangible asset impairment charge 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. The useful lives of the Company's intangible assets 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) |
2026 | $ | 9,828 |
2027 | 8,487 |
2028 | 7,328 |
2029 | 6,064 |
2030 | 4,329 |
Thereafter | 11,002 |
| $ | 47,038 |
Amortization schedule excludes $850,000 of indefinite lived intangible assets.

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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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