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Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

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):

​

​	​	​	​	​	​	​
​		September 30,			December 31,
​	​	2022		​	2021
Goodwill:		​			​
Balance, beginning of period	​	$	91,565	​	$	74,135
Acquisition of PFG	​		—	​		323
Acquisition of Fountain	​		—	​		2,400
Acquisition of SCB	​	​	—	​	​	17,171
Acquisition of Sunbelt	​	​	4,580	​	​	—
Adjustment, due to sale	​	​	—	​	​	(2,464)
Balance, end of the period	​	$	96,145	​	$	91,565

Finite-lived Intangible Assets Amortization Expense

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Core Deposit

Customer Relationships

Tradename

​

​

Amortized other intangible assets:

​

Intangibles

​

Intangibles

​

Intangibles

​

Total

​

September 30, 2022:

​

​

​

​

​

​

​

​

​

​

​

​

​

Beginning balance January 1, 2022, gross

​

$

17,470

​

$

3,722

​

$

63

​

$

21,255

​

Acquisition of Sunbelt

​

​

-

​

​

1,948

​

​

-

​

​

1,948

​

Balance, September 30, 2022, other intangible assets, gross

​

​

17,470

​

​

5,670

​

​

63

​

​

23,203

​

Less: accumulated amortization

​

​

(7,575)

​

​

(1,280)

​

​

(33)

​

​

(8,888)

​

Balance, September 30, 2022, other intangible assets, net

​

$

9,895

​

$

4,390

​

$

30

​

$

14,315

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2021:

​

​

​

​

​

​

​

​

​

​

​

​

​

Beginning balance January 1, 2021, gross

​

$

15,920

​

$

1,064

​

$

63

​

$

17,047

​

Acquisition of Fountain

​

​

-

​

​

2,658

​

​

-

​

​

2,658

​

Acquisition of SCB

​

​

1,550

​

​

-

​

​

-

​

​

1,550

​

Balance, December 31, 2021, other intangible assets, gross

​

​

17,470

​

​

3,722

​

​

63

​

​

21,255

​

Less: accumulated amortization

​

​

(6,212)

​

​

(733)

​

​

(23)

​

​

(6,968)

​

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

​

$

11,258

​

$

2,989

​

$

40

​

$

14,287

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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

​

​	​	​	​
Remainder of 2022		$	688
2023	​		2,609
2024	​		2,438
2025	​		2,258
2026	​	​	2,086
Thereafter	​		4,236
Total	​	$	14,315

X

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

+ References

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