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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets
| December 31 2022 |  | December 31 2021
Balance, January 1 | $ | 154,572 |  |  | $ | 151,238 |
Goodwill acquired | — |  |  | 3,334 |
Measurement period adjustment | 639 |  |  | — |
Balances, December 31 | $ | 155,211 |  |  | $ | 154,572 |
Goodwill is assessed for impairment annually, or more frequently if events occur or circumstances change that indicate an impairment may exist. When assessing goodwill for impairment, first, a qualitative assessment can be made to determine whether it is more likely than not that the estimated fair value of a reporting unit is less than its estimated carrying value. If the results of the qualitative assessment are not conclusive, a quantitative goodwill test is performed. Alternatively, a quantitative goodwill test can be performed without performing a qualitative assessment. No impairment loss was recorded in 2022 or 2021. The Company tested goodwill for impairment during 2022 and 2021. In both valuations, the fair value exceeded the Company’s carrying value, therefore, it was concluded goodwill is not impaired. For additional details related to impairment testing, see the “Goodwill and Intangible Assets” section of “Management’s Discussion and Analysis of Financial Condition and Results of Operations” included as Item 7 of this Annual Report on Form 10–K. As a result of acquisitions, the Company has recorded certain amortizable intangible assets related to core deposit intangibles. These core deposit intangibles are being amortized over seven years to ten years using an accelerated method. Amortizable intangible assets are summarized as follows:
| December 31, 2022 |  | December 31, 2021
| Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Amortizable intangible assets |  |  |  |  |  |  |
Core deposit intangible | $ | 42,220 |  |  | $ | (24,981) |  |  | $ | 40,590 |  |  | $ | (17,635) |
Amortization expense for intangible assets totaled $3.6 million, $3.9 million, and $3.8 million for the years ended December 31, 2022, 2021 and 2020. Estimated amortization for the years ending December 31 is as follows:
Year |  | Amount
2023 |  | $ | 3,612 |
2024 |  | 3,403 |
2025 |  | 3,044 |
2026 |  | 2,566 |
2027 |  | 2,119 |
Thereafter |  | 2,495 |
|  | $ | 17,239 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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