Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Note 8 — Goodwill and Other Intangible Assets

There were zero changes to the carrying amount of goodwill during the years ended December 31, 2024 or 2023.

The components of the Company’s goodwill and other intangible assets are as follows:


(Dollars in thousands) December 31, 2024	Gross Carrying Amount at Year End		Net Carrying Amount at the Beginning of the Year		Accumulated Amortization		Net Carrying Amount at Year End
Goodwill			$	128,679	N/A		$	128,679
Other intangible assets:
Core deposit intangibles	$	38,356	$	27,412	$	(17,010)	$	21,346
Relationship based intangibles	19,650		12,281		(8,888)		10,762
Tradename	818		637		(272)		546

Naming rights	5,250		5,122		(431)		4,819
Total	$	64,074	$	45,452	$	(26,601)	$	37,473
December 31, 2023
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

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.

Amortization expense on other intangible assets totaled $8.0 million, $9.6 million and $5.5 million for the years ended December 31, 2024, 2023 and 2022, 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, 2024, was as follows:


(Dollars in thousands) Years Ended December 31,
2025	$	6,677
2026	5,619
2027	4,729
2028	4,008
2029	3,441
Thereafter	12,999
Total	$	37,473