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Goodwill and Other Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of 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
Gross Carrying Amount Accumulated Amortization and Net Book Value 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

 
Estimated Amortization Expense of Other Intangible Assets 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