XML 30 R14.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Goodwill, Intangible Assets, and Servicing Assets | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill, Intangible Assets, and Servicing Assets | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The carrying amount of the Company’s goodwill at December 31, 2024 and 2023, was $464.5 million. There was no impairment of goodwill recorded during the year ended December 31, 2024. Goodwill and other intangible assets generated from business combinations and deemed to have indefinite lives, are not subject to amortization and, instead, are tested for impairment annually at the reporting unit level unless a triggering event occurs, thereby requiring an updated assessment. Goodwill represents the excess of the purchase price over the sum of the estimated fair values of the tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed. Impairment exists when the carrying value of the goodwill exceeds the fair value of the reporting unit. At December 31, 2024, the Company performed a qualitative assessment to test for impairment and management has concluded that goodwill was more than likely not impaired. As such, the Company did not perform a quantitative analysis of goodwill impaired during the year ended December 31, 2024. The Company operates as single business unit, and therefore, goodwill impairment was assessed based on the Company as a whole. Intangible Assets The following table provides information regarding core deposit intangibles at December 31, 2024 and 2023:
|  |  |  |  |  | December 31, 2024 |  | December 31, 2023
Core Deposit Intangibles Related To: |  | Amortization Period |  | Gross Amount |  | Accumulated Amortization |  | Carrying Amount |  | Accumulated Amortization |  | Carrying Amount
|  |  |  | (Dollars in thousands)
Wilshire Bancorp acquisition |  | 10 years |  | $ | 18,138 |  |  | $ | (15,807) |  |  | $ | 2,331 |  |  | $ | (14,203) |  |  | $ | 3,935 |
Amortization expense related to core deposit intangible assets was $1.6 million, $1.8 million, and $1.9 million for the years ended December 31, 2024, 2023, and 2022, respectively. The estimated future amortization expense for core deposit intangibles is as follows: $1.5 million in 2025 and $829 thousand in 2026.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration