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Goodwill, Core Deposit Intangible and Other Intangible Assets
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill, Core Deposit Intangible and Other Intangible Assets

Note 9—Goodwill, Core Deposit Intangible and Other Intangible Assets

The following tables summarize the changes in the Company’s goodwill, core deposit intangible assets, and customer relationship intangible assets for the three months ended March 31, 2022 and 2021:

 

 

 

For the Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

 

Goodwill

 

 

Core
Deposit
Intangible

 

 

Customer Relationship
Intangible

 

 

Goodwill

 

 

Core
Deposit
Intangible

 

 

Customer Relationship
Intangible

 

Beginning balance

 

$

148,353

 

 

$

15,004

 

 

$

2,201

 

 

$

148,353

 

 

$

21,809

 

 

$

2,469

 

Amortization

 

 

 

 

 

(1,529

)

 

 

(67

)

 

 

 

 

 

(1,683

)

 

 

(66

)

Ending balance

 

$

148,353

 

 

$

13,475

 

 

$

2,134

 

 

$

148,353

 

 

$

20,126

 

 

$

2,403

 

Accumulated amortization

 

N/A

 

 

$

41,991

 

 

$

1,082

 

 

N/A

 

 

$

33,340

 

 

$

813

 

Weighted average remaining
   amortization period

 

N/A

 

 

4.7 Years

 

 

8.0 Years

 

 

N/A

 

 

5.4 Years

 

 

9.0 Years

 

 

The following table presents the estimated amortization expense for core deposit intangible and customer relationship intangible assets remaining at March 31, 2022:

 

 

 

Estimated
Amortization

 

2022

 

$

4,789

 

2023

 

 

4,336

 

2024

 

 

2,286

 

2025

 

 

1,721

 

2026

 

 

1,157

 

Thereafter

 

 

1,320

 

Total

 

$

15,609