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Business Combinations (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Schedule of Estimated Fair Value of the Assets Acquired and the Liabilities Assumed as Date of Acquisition | The following table summarizes the estimated fair values of the assets acquired and the liabilities assumed by the Company at the date of the acquisition for Trident, net of total consideration paid (in thousands):
| At April 1, 2022
| Estimated Fair Value
Total purchase price: | $ | 7,084 |
Assets acquired: |
Cash and cash equivalents | $ | 45,693 |
Other current assets | 238 |
Premises and equipment | 18 |
ROU asset | 779 |
Other assets | 81 |
Total assets acquired | 46,809 |
Liabilities assumed: |
Lease liability | 779 |
Other liabilities | 43,937 |
Total liabilities assumed | $ | 44,716 |
Net assets acquired | $ | 2,093 |
Net assets attributable to non-controlling interest | $ | 836 |
Goodwill recorded | $ | 5,827 |
Schedule of Merger Related Expenses | The following table summarizes the merger related expenses for the years ended December 31, 2022, 2021 and 2020:
| For the Year Ended December 31,
| 2022 |  | 2021 |  | 2020
| (in thousands)
Data processing fees | $ | 790 |  |  | $ | 253 |  |  | $ | 3,758 |
Professional fees | 1,936 |  |  | 343 |  |  | 3,638 |
Employee severance payments | 7 |  |  | 663 |  |  | 7,727 |
Other/miscellaneous fees | 2 |  |  | 244 |  |  | 824 |
Merger related expenses | $ | 2,735 |  |  | $ | 1,503 |  |  | $ | 15,947 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The estimated future amortization expense for the core deposit intangibles over the next five years and thereafter is as follows (in thousands):
For the Year Ending December 31, |  | Amortization Expense
2023 |  | $ | 3,984 |
2024 |  | 3,250 |
2025 |  | 2,516 |
2026 |  | 1,784 |
2027 |  | 1,112 |
Thereafter |  | 851 |
Total |  | $ | 13,497 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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