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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 8 — Goodwill and Other Intangible Assets There were zero changes to the carrying amount of goodwill during the year ended December 31, 2023. During the year ended December 31, 2022, the Company recorded goodwill totaling $94.5 million and other intangible assets totaling $38.4 million in connection with the merger with BTH. The components of the Company’s goodwill and other intangible assets are as follows:
(Dollars in thousands) December 31, 2023 | Gross Carrying Amount at Period End |  | Net Carrying Amount at the Beginning of the Period |  | Mergers/Acquisitions |  | Accumulated Amortization |  | Net Carrying Amount at Period End
Goodwill |  |  | $ | 128,679 |  |  | $ | — |  |  | N/A |  | $ | 128,679 |
Other intangible assets: |  |  |  |  |  |  |  |  |
Core deposit intangibles | $ | 38,356 |  |  | $ | 34,940 |  |  | $ | — |  |  | $ | (10,944) |  |  | $ | 27,412 |
Relationship based intangibles | 19,650 |  |  | 13,710 |  |  | — |  |  | (7,369) |  |  | 12,281 |
Tradename | 818 |  |  | 727 |  |  | — |  |  | (181) |  |  | 637 |
Non-compete | 903 |  |  | 452 |  |  | — |  |  | (903) |  |  | — |
Naming rights | 5,250 |  |  | — |  |  | — |  |  | (128) |  |  | 5,122 |
Total | $ | 64,977 |  |  | $ | 49,829 |  |  | $ | — |  |  | $ | (19,525) |  |  | $ | 45,452 |
December 31, 2022 |  |  |  |  |  |  |  |  |
Goodwill |  |  | $ | 34,153 |  |  | $ | 94,526 |  |  | N/A |  | $ | 128,679 |
Other intangible assets: |  |  |  |  |  |  |  |  |
Core deposit intangibles | $ | 38,356 |  |  | $ | 12 |  |  | $ | 38,356 |  |  | $ | (3,428) |  |  | $ | 34,940 |
Relationship based intangibles | 19,650 |  |  | 15,229 |  |  | — |  |  | (5,940) |  |  | 13,710 |
Tradename | 818 |  |  | 818 |  |  | — |  |  | (91) |  |  | 727 |
Non-compete | 903 |  |  | 903 |  |  | — |  |  | (451) |  |  | 452 |
Total | $ | 59,727 |  |  | $ | 16,962 |  |  | $ | 38,356 |  |  | $ | (9,910) |  |  | $ | 49,829 |
During the year ended December 31, 2023, the Company acquired naming and logo rights on certain facilities and properties for $5.3 million for a defined period of time. Core deposit intangibles acquired during the year ended December 31, 2022, represent the value of the relationships that BTH had with their deposit customers and are amortized over 10 years using an accelerated amortization methodology. Amortization expense on other intangible assets totaled $9.6 million, $5.5 million and $844,000 for the years ended December 31, 2023, 2022 and 2021, respectively, and was included as a component of other noninterest expense in the consolidated statements of income. Estimated future amortization expense for intangible assets remaining at December 31, 2023, was as follows:
(Dollars in thousands) Years Ended December 31, |
2024 | $ | 7,979 |
2025 | 6,677 |
2026 | 5,619 |
2027 | 4,729 |
2028 | 4,008 |
Thereafter | 16,440 |
Total | $ | 45,452 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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