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Goodwill, Intangible Assets, and Servicing Assets
12 Months Ended
Dec. 31, 2025
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, 2025 and 2024, was $480.9 million and $464.5 million, respectively. The Company recorded goodwill of $16.5 million as a result of the Merger with Territorial. There was no impairment of goodwill recorded during the year ended December 31, 2025. See Note 19 “Business Combinations” for additional information regarding the Merger.
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, 2025, 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, 2025. The Company operates as single business unit, and therefore, goodwill impairment was assessed based on the Company as a whole.
Intangible Assets
A core deposit intangible asset of $46.5 million, representing 4.1% of core deposits, was recorded as part of the Merger with Territorial on April 2, 2025, and will amortize over a period of 15 years ending in 2040. See Note 19 “Business Combinations” for additional information regarding the Merger.
The following table provides information regarding core deposit intangibles at December 31, 2025 and 2024:
  December 31, 2025December 31, 2024
Core Deposit Intangibles Related To:Acquisition YearAmortization PeriodGross
Amount
Accumulated
Amortization
Carrying AmountAccumulated
Amortization
Carrying Amount
 (Dollars in thousands)
Wilshire Bancorp201610 years$18,138 $(17,310)$828 $(15,807)$2,331 
Territorial Bancorp202515 years46,520 (2,326)44,194 — — 
Total$64,658 $(19,636)$45,022 $(15,807)$2,331 
Amortization expense related to core deposit intangible assets was $3.8 million, $1.6 million, and $1.8 million for the years ended December 31, 2025, 2024, and 2023, respectively. The estimated future amortization expense for core deposit intangibles is as follows: $3.9 million in 2026, $3.1 million in 2027, $3.1 million in 2028, $3.1 million in 2029, $3.1 million in 2030, and $28.7 million thereafter.