XML 40 R30.htm IDEA: XBRL DOCUMENT v3.23.3
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Other Intangible Assets
The following table presents changes in and components of other intangible assets for the three and nine months ended September 30, 2023 and 2022. During the three months ended September 30, 2023, the Company acquired an investment advisory firm and related accounts with assets under management of approximately $67.2 million. In connection with this acquisition, the Company recorded an intangible asset totaling $289 thousand associated with the customer list.
No impairment charges were recorded on other intangible assets during the three and nine months ended September 30, 2023 and September 30, 2022.
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Beginning of period$2,589 $3,610 $3,078 $4,183 
Acquired customer list289 — 289 — 
Amortization expense(228)(272)(717)(845)
Balance, end of period$2,650 $3,338 $2,650 $3,338 
Schedule of Components of Other Intangible Assets The following table presents the components of other identifiable intangible assets at September 30, 2023 and December 31, 2022:
September 30, 2023December 31, 2022
Gross AmountAccumulated
Amortization		Gross AmountAccumulated
Amortization
Amortized intangible assets:
Core deposit intangibles$8,390 $6,029 $8,390 $5,312 
Other customer relationship intangibles289 — 25 25 
Total$8,679 $6,029 $8,415 $5,337 
Schedule of Estimated Aggregated Amortization Expense The following table presents future estimated aggregate amortization expense for other identifiable intangible assets at September 30, 2023:
2023$291 
2024827 
2025648 
2026468 
2027289 
Thereafter127 
$2,650