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Note 7 - Goodwill and Identifiable Intangible Assets

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note 7: Goodwill and Identifiable Intangible Assets

The Company has recorded goodwill and other identifiable intangibles associated with purchase business combinations. Goodwill is not amortized, but is evaluated for impairment at least annually. The Company did not recognize impairment during the three months ended March 31, 2025 and the year ended December 31, 2024, as no triggering events occurred during such periods. Identifiable intangibles are amortized to their estimated residual values over their expected useful lives. Such lives and residual values are also periodically reassessed to determine if any amortization period adjustments are indicated. During the three months ended March 31, 2025 and the year ended December 31, 2024, no such adjustments were recorded.

The carrying values of goodwill were:

		At March 31, 2025				At December 31, 2024
		(In thousands)
Goodwill		$	121,673			$	121,673

The gross carrying amount of identifiable intangible assets and accumulated amortization were:

		At March 31, 2025								At December 31, 2024
		Gross								Gross
		Carrying				Accumulated				Carrying				Accumulated
		Amount				Amortization				Amount				Amortization
		(In thousands)
Core deposit intangibles		$	56,808			$	(56,736	)		$	56,808			$	(56,683	)

As of March 31, 2025, the current period and estimated future amortization expense for identifiable intangible assets, to be fully amortized in 2025, was:

		Total
		Core
		Deposit
		Intangibles
		(In thousands)
For the three months ended March 31, 2025 (actual)		$	53
The remainder of 2025			72