XML 27 R14.htm IDEA: XBRL DOCUMENT
v3.22.4

Note 6 - Goodwill and Intangibles | 12 Months Ended
--- | ---
Dec. 31, 2022
Notes to Financial Statements |
Goodwill and Intangibles | Note 6. Goodwill and Intangibles The following table presents the changes in the carrying amount of goodwill for the years ended December 31, 2022, 2021 and 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
​ | ​ | (dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at the beginning of period | ​ | $ | 74,066 | ​ | $ | 74,066 | ​ | $ | 74,748
Acquisition of GFED | ​ | ​ | 63,541 | ​ | ​ | — | ​ | ​ | —
Sale of Bates Companies | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (182)
Goodwill impairment - Bates Companies | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (500)
Balance at the end of period | ​ | $ | 137,607 | ​ | $ | 74,066 | ​ | $ | 74,066
​ The following table presents the goodwill by reportable segment: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 | ​ | December 31, 2021 | ​ | December 31, 2020
​ | ​ | (dollars in thousands)
Commercial banking: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
QCBT | ​ | $ | 3,223 | ​ | $ | 3,223 | ​ | $ | 3,223
CRBT | ​ |  | 14,980 | ​ |  | 14,980 | ​ |  | 14,980
CSB | ​ | ​ | 9,888 | ​ | ​ | 9,888 | ​ | ​ | 9,888
GB | ​ |  | 109,516 | ​ |  | 45,975 | ​ |  | 45,975
​ | ​ | $ | 137,607 | ​ | $ | 74,066 | ​ | $ | 74,066
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ At November 30, 2022 and 2021 the Company’s management performed an annual internal assessment of goodwill at the reporting unit level and determined no impairment existed. During the first quarter of 2020, the Company incurred goodwill impairment expense of $500 thousand related to the Bates Companies reporting unit. This was the result of the announcement of a sale of the Bates Companies, as discussed in Note 2 to the Consolidated Financial Statements. ​ The following table presents the changes in core deposit intangibles (included in Intangibles on the consolidated balance sheets) during the years ended December 31, 2022, 2021 and 2020: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | (dollars in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Balance at the beginning of the period | ​ | $ | 9,349 | ​ | $ | 11,381 | ​ | $ | 13,466
Acquisition of GFED | ​ |  | 10,264 | ​ |  | — | ​ |  | —
Amortization expense | ​ |  | (2,854) | ​ |  | (2,032) | ​ |  | (2,085)
Balance at the end of the period | ​ | $ | 16,759 | ​ | $ | 9,349 | ​ | $ | 11,381
​ | ​ |  |  | ​ |  |  | ​ |  |
Gross carrying amount | ​ | $ | 29,519 | ​ | $ | 19,255 | ​ | $ | 19,255
Accumulated amortization | ​ |  | (12,760) | ​ |  | (9,906) | ​ |  | (7,874)
Net book value | ​ | $ | 16,759 | ​ | $ | 9,349 | ​ | $ | 11,381
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ ​ Note 6. Goodwill and Intangibles (continued) The following table presents the core deposit intangibles by reportable segment: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 | ​ | December 31, 2021 | ​ | December 31, 2020
​ | ​ | (dollars in thousands)
Commercial Banking: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
CRBT | ​ | $ | 1,225 | ​ | $ | 1,702 | ​ | $ | 2,189
CSB | ​ | ​ | 2,027 | ​ | ​ | 2,653 | ​ | ​ | 3,305
GB | ​ | ​ | 13,507 | ​ | ​ | 4,994 | ​ | ​ | 5,887
​ | ​ | $ | 16,759 | ​ | $ | 9,349 | ​ | $ | 11,381
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ The following table presents the estimated amortization of the core deposit intangibles: ​
​ | ​ | ​ | ​
​ |  | Amount
Years ending December 31, | ​ | (dollars in thousands)
2023 | ​ | $ | 2,938
2024 | ​ |  | 2,761
2025 | ​ |  | 2,645
2026 | ​ |  | 2,360
2027 | ​ |  | 1,874
Thereafter | ​ |  | 4,181
​ | ​ | $ | 16,759
​ The following table presents the changes in customer list intangible (included in Intangibles on the Consolidated Balance Sheets) during the years ended December 31, 2020. There was no activity during the year ended December 31, 2022 or 2021. ​
​ | ​ | ​ | ​
​ |  | 2020
​ | ​ | ​ | ​
Balance at the beginning of period | ​ | $ | 1,504
Sale of Bates Companies | ​ | ​ | (1,440)
Amortization | ​ |  | (64)
Balance at the end of period | ​ | $ | —
​ | ​ | ​ | ​
​ The customer list intangible relates to the Parent Company Only (“All Other”) reportable segment.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration