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Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The carrying amount of goodwill and other intangible assets as of the dates indicated is summarized below (in thousands):

​

​	​	​	​	​	​	​
​		March 31,			December 31,
​	​	2021		​	2020
Goodwill:		​			​
Balance, beginning of period	​	$	74,135	​	$	65,614
Acquisition of PFG	​		323	​		8,521
Balance, end of the period	​	$	74,458	​	$	74,135

Finite-lived Intangible Assets Amortization Expense

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Core Deposit

Insurance Agency

Insurance Agency

​

​

Amortized other intangible assets:

​

Intangibles

​

Customer Relationships

​

Tradename

​

Total

​

Beginning balance January 1, 2021, gross

​

$

15,920

​

$

1,064

​

$

63

​

$

17,047

​

Less: accumulated amortization

​

​

(4,935)

​

​

(206)

​

​

(14)

​

​

(5,155)

​

Balance, March 31, 2021, other intangible assets, net

​

$

10,985

​

$

858

​

$

49

​

$

11,892

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Beginning balance January 1, 2020

​

$

14,550

​

$

-

​

$

-

​

$

14,550

​

Acquisition of PFG

​

​

1,370

​

​

1,064

​

​

63

​

​

2,497

​

Balance, December 31, 2020, other intangible assets, gross

​

​

15,920

​

​

1,064

​

​

63

​

​

17,047

​

Less: accumulated amortization

​

​

(4,540)

​

​

(161)

​

​

(10)

​

​

(4,711)

​

Balance, December 31, 2020, other intangible assets, net

​

$

11,380

​

$

903

​

$

53

​

$

12,336

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The estimated aggregate amortization expense for future periods for core deposit intangibles is as follows (in thousands):

​

​	​	​	​
Remainder of 2021		$	1,316
2022	​		1,697
2023	​		1,636
2024	​		1,588
2025	​	​	1,531
Thereafter	​		4,124
Total	​	$	11,892

X

- Definition

Tabular disclosure of amortization expense of assets, excluding financial assets, that lack physical substance, having a limited useful life.

+ References

No definition available.

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- References

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X

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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