XML 25 R13.htm IDEA: XBRL DOCUMENT
v3.25.3

Goodwill and Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 5. Goodwill and Intangible Assets In accordance with FASB ASC No. 2021-03, “Goodwill and Other (Topic 350),” regarding testing goodwill for impairment provides an entity the option to first perform a qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. The Company performs its annual goodwill impairment test as of December 31 of each year, or more frequently if conditions warrant it. There were no conditions present to test goodwill at September 30, 2025. The Company’s other intangible assets consist of core deposit intangibles and customer relationship intangibles. They are initially recognized based on a valuation performed as of the consummation date. The core deposit intangible is amortized over the average remaining life of the acquired customer deposits and the leasing company’s client list is amortized over 8 years. During the third quarter of 2025, the Company sold SBKI (see Note 15 – Sale of Insurance Company for more information) and its customer relationship intangibles written off. The carrying amount of goodwill at September 30, 2025, was $90.4 million and $96.1 million at December 31, 2024. The reduction was from the write-off of goodwill from the sale of SBKI. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, |  | December 31,
​ | ​ | 2025 | ​ | 2024
Goodwill: |  | ​ |  |  | ​ |
Balance, beginning of period | ​ | $ | 96,145 | ​ | $ | 96,145
Write-off of goodwill from sale of SBKI | ​ | ​ | (5,773) | ​ | ​ | —
Balance, end of the period | ​ | $ | 90,372 | ​ | $ | 96,145
​ Other intangible assets as of the dates indicated is summarized below (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Core Deposit |  | Customer Relationships |  | ​ |
Amortized other intangible assets: | ​ | Intangibles | ​ | Intangibles | ​ | Total | ​
September 30, 2025: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance January 1, 2025, gross | ​ | $ | 17,470 | ​ | $ | 5,670 | ​ | $ | 23,140 | ​
Write-off of intangibles from sale of SBKI | ​ | ​ | - | ​ | ​ | (1,472) | ​ | ​ | (1,472) | ​
Less: accumulated amortization | ​ | ​ | (12,655) | ​ | ​ | (3,578) | ​ | ​ | (16,233) | ​
Balance, September 30, 2025, other intangible assets, net | ​ | $ | 4,815 | ​ | $ | 620 | ​ | $ | 5,435 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
December 31, 2024: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance January 1, 2024, gross | ​ | $ | 17,470 | ​ | $ | 5,670 | ​ | $ | 23,140 | ​
Less: accumulated amortization | ​ | ​ | (11,435) | ​ | ​ | (3,127) | ​ | ​ | (14,562) | ​
Balance, December 31, 2024, other intangible assets, net | ​ | $ | 6,035 | ​ | $ | 2,543 | ​ | $ | 8,578 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ The aggregate amortization expense for other intangible assets for the three and nine months ended September 30, 2025, was $536 thousand and $1.7 million, respectively, and for the three and nine months ended September 30, 2024, was $604 thousand and $1.8 million, respectively. As of September 30, 2025, the estimated aggregate amortization expense for future periods for other intangibles is as follows (in thousands): ​
​ | ​ | ​ | ​
Remainder of 2025 |  | $ | 478
2026 | ​ |  | 1,807
2027 | ​ |  | 1,664
2028 | ​ |  | 936
2029 | ​ | ​ | 505
Thereafter | ​ |  | 45
Total | ​ | $ | 5,435
​

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration