XML 64 R41.htm IDEA: XBRL DOCUMENT v3.25.0.1
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
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)20242023
Goodwill, beginning of year$362,169 $292,397 
Goodwill recorded from acquisitions1,030 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 DepositsCustomer RelationshipsIndefinite-Lived Trade NamesTotal
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 rights1,216 
Non-compete agreements (a)128 
Total other intangibles$39,223 
2023
Gross intangibles$26,464 $37,920 $2,491 $66,875 
Intangibles recorded from acquisitions27,722 — — 27,722 
Accumulated amortization(25,670)(20,680)— (46,350)
Total acquisition-related intangibles$28,516 $17,240 $2,491 $48,247 
Servicing rights1,385 
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 DepositsCustomer RelationshipsNon-Compete AgreementsTotal
2025$4,609 $4,124 $112 $8,845 
20263,736 3,036 16 6,788 
20273,043 2,188 — 5,231 
20282,608 1,462 — 4,070 
20292,359 971 — 3,330 
Thereafter6,286 966 — 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)202420232022
Balance, beginning of year$1,385 $1,816 $2,218 
Amortization(349)(457)(594)
Servicing rights originated180 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:
20242023
Minimum MaximumMinimumMaximum
Discount rates12.5 %15.0 %13.5 %16.0 %
Prepayment speeds9.4 %16.0 %7.7 %16.1 %