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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Goodwill | The following table details changes in the recorded amount of goodwill for the years ended December 31:
(Dollars in thousands) | 2024 | 2023
Goodwill, beginning of year | $ | 362,169 |  | $ | 292,397 |
Goodwill recorded from acquisitions | 1,030 |  | 69,772 |
Goodwill, end of year | $ | 363,199 |  | $ | 362,169 |
Summary of Other Intangible Assets | Other intangible assets were comprised of the following at December 31:
(Dollars in thousands) | Core Deposits |  | Customer Relationships |  | Indefinite-Lived Trade Names |  | Total
2024 |  |  |  |  |  |  |
Gross intangibles | $ | 54,186 |  |  | $ | 37,920 |  |  | $ | 2,491 |  |  | $ | 94,597 |
Intangibles recorded from acquisitions | — |  |  | 550 |  |  | — |  |  | 550 |
Accumulated amortization | (31,545) |  |  | (25,723) |  |  | — |  |  | (57,268) |
Total acquisition-related intangibles | $ | 22,641 |  |  | $ | 12,747 |  |  | $ | 2,491 |  |  | $ | 37,879 |
Servicing rights |  |  |  |  |  |  | 1,216 |
Non-compete agreements (a) |  |  |  |  |  |  | 128 |
Total other intangibles |  |  |  |  |  |  | $ | 39,223 |
2023 |  |  |  |  |  |  |
Gross intangibles | $ | 26,464 |  |  | $ | 37,920 |  |  | $ | 2,491 |  |  | $ | 66,875 |
Intangibles recorded from acquisitions | 27,722 |  |  | — |  |  | — |  |  | 27,722 |
Accumulated amortization | (25,670) |  |  | (20,680) |  |  | — |  |  | (46,350) |
Total acquisition-related intangibles | $ | 28,516 |  |  | $ | 17,240 |  |  | $ | 2,491 |  |  | $ | 48,247 |
Servicing rights |  |  |  |  |  |  | 1,385 |
Non-compete agreements (a) |  |  |  |  |  |  | 371 |
Total other intangibles |  |  |  |  |  |  | $ | 50,003 |
(a) Non-compete agreements were recognized due to acquisitions.
Summary of Future Amortization of Intangible Assets | The following table details estimated aggregate future amortization of other intangible assets at December 31, 2024:
(Dollars in thousands) |  | Core Deposits |  | Customer Relationships |  | Non-Compete Agreements |  | Total
2025 |  | $ | 4,609 |  |  | $ | 4,124 |  |  | $ | 112 |  |  | $ | 8,845 |
2026 |  | 3,736 |  |  | 3,036 |  |  | 16 |  |  | 6,788 |
2027 |  | 3,043 |  |  | 2,188 |  |  | — |  |  | 5,231 |
2028 |  | 2,608 |  |  | 1,462 |  |  | — |  |  | 4,070 |
2029 |  | 2,359 |  |  | 971 |  |  | — |  |  | 3,330 |
Thereafter |  | 6,286 |  |  | 966 |  |  | — |  |  | 7,252 |
Total |  | $ | 22,641 |  |  | $ | 12,747 |  |  | $ | 128 |  |  | $ | 35,516 |
Summary of Servicing Rights Activity | The following is an analysis of activity of servicing rights for the years ended December 31:
(Dollars in thousands) |  | 2024 |  | 2023 |  | 2022
Balance, beginning of year |  | $ | 1,385 |  |  | $ | 1,816 |  |  | $ | 2,218 |
Amortization |  | (349) |  |  | (457) |  |  | (594) |
Servicing rights originated |  | 180 |  |  | 27 |  |  | 180 |
Change in valuation allowance |  | — |  |  | (1) |  |  | 12 |
Balance, end of year |  | $ | 1,216 |  |  | $ | 1,385 |  |  | $ | 1,816 |
Summary of Discount Rates and Prepayment Speeds Servicing Rights | The following is the breakdown of the discount rates and prepayment speeds of servicing rights for the years ended December 31:
|  | 2024 | 2023
|  | Minimum | Maximum | Minimum | Maximum
Discount rates |  | 12.5 | % | 15.0 | % | 13.5 | % | 16.0 | %
Prepayment speeds |  | 9.4 | % | 16.0 | % | 7.7 | % | 16.1 | %

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