Goodwill, Core Deposit Intangible and Other Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill, Core Deposit Intangible and Other Intangible Assets

Note 10—Goodwill, Core Deposit Intangible and Other Intangible Assets

The Company’s annual goodwill test was performed as of November 30, 2024. The Company determined that no impairment existed as of that date. Refer to Note 1—Business and Summary of Significant Accounting Policies for discussion of goodwill.

The following table summarizes the changes in the Company’s goodwill and core deposit intangible assets for the years ended December 31, 2024, 2023, and 2022:


	2024								2023								2022
	Goodwill		Core Deposit Intangible			Customer Relationship Intangible			Goodwill		Core Deposit Intangible			Customer Relationship Intangible			Goodwill		Core Deposit Intangible			Customer Relationship Intangible
Beginning balance	$	181,705	$	20,393		$	1,380		$	148,353	$	8,886		$	1,648		$	148,353	$	15,004		$	2,201
Additions		—		—			—			33,352		17,250			—			—		—			—
Amortization or accretion		—		(5,112	)		(268	)		—		(5,743	)		(268	)		—		(6,118	)		(553	)
Ending balance	$	181,705	$	15,281		$	1,112		$	181,705	$	20,393		$	1,380		$	148,353	$	8,886		$	1,648
Accumulated amortization or accretion	N/A		$	57,435		$	2,104		N/A		$	52,323		$	1,836		N/A		$	46,580		$	1,568
Weighted average remaining amortization or accretion period	N/A		7.6 Years			4.2 Years			N/A		8.3 Years			5.2 Years			N/A		4.4 Years			6.2 Years

The Company added additional goodwill and core deposit intangible assets in conjunction with the Inland acquisition. Please refer to Note 3—Acquisition of a Business for further details.

The following table presents the estimated amortization expense for core deposit intangible and other intangible assets recognized at December 31, 2024:


	Estimated Amortization
2025	$	4,473
2026		3,566
2027		2,676
2028		2,101
2029		1,432
Thereafter		2,145
Total	$	16,393