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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | (7.) GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The carrying amount of goodwill totaled $67.1 million as of both March 31, 2023 and December 31, 2022. The Company performs a goodwill impairment test on an annual basis as of October 1st or more frequently if events and circumstances warrant.
|  | Banking |  |  | All Other (1) |  |  | Total |
Balance, December 31, 2022 |  | $ | 48,536 |  |  | $ | 18,535 |  |  | $ | 67,071 |
Acquisitions |  |  | — |  |  |  | — |  |  |  | — |
Balance, March 31, 2023 |  | $ | 48,536 |  |  | $ | 18,535 |  |  | $ | 67,071 |
(1) All Other includes the SDN, Courier Capital and HNP Capital reporting units Goodwill is not amortized but, instead, is subject to impairment tests on at least an annual basis, and more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Based on the continued capital markets downturn due to macroeconomic pressures, including inflation, along with the sharp decline in the overall bank industry as a result of the collapses of Silicon Valley Bank and Signature Bank in March 2023, a goodwill impairment test was performed in the first quarter of 2023. Based on its qualitative assessment, the Company concluded that it was not more likely than not that goodwill was impaired as of March 31, 2023. Therefore, no quantitative assessment was deemed necessary as of March 31, 2023. Other Intangible Assets The Company has other intangible assets that are amortized, consisting of core deposit intangibles and other intangibles (primarily related to customer relationships). Gross carrying amount, accumulated amortization and net book value, were as follows (in thousands):
|  | March 31, |  |  | December 31, |
|  | 2023 |  |  | 2022 |
Core deposit intangibles: |  |  |  |  |  |
Gross carrying amount |  | $ | 2,042 |  |  | $ | 2,042 |
Accumulated amortization |  |  | (2,042 | ) |  |  | (2,042 | )
Net book value |  | $ | — |  |  | $ | — |
Other intangibles: |  |  |  |  |  |
Gross carrying amount |  | $ | 14,545 |  |  | $ | 14,545 |
Accumulated amortization |  |  | (8,436 | ) |  |  | (8,202 | )
Net book value |  | $ | 6,109 |  |  | $ | 6,343 |
Amortization expense for total other intangible assets was $234 thousand for the three months ended March 31, 2023, and $254 thousand for the three months ended March 31, 2022. As of March 31, 2023, the estimated amortization expense of other intangible assets for the remainder of 2023 and each of the next five years is as follows (in thousands):
2023 (remainder of year) | $ | 676 |
2024 |  | 838 |
2025 |  | 766 |
2026 |  | 694 |
2027 |  | 623 |
2028 |  | 551 |
Thereafter |  | 1,961 |
Total |  | 6,109 |

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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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