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Goodwill and Other Intangible Assets | 6 Months Ended
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Jun. 30, 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 June 30, 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, June 30, 2023 |  | $ | 48,536 |  |  | $ | 18,535 |  |  | $ | 67,071 |
(1) All Other includes the SDN and Courier 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 for bank stocks due to macroeconomic pressures, including inflation, along with volatility in the banking industry as a result of recent bank failures during the first half of 2023, a quantitative assessment of the Banking reporting unit was performed in the second quarter of 2023. Based on this quantitative assessment, the Company concluded that it was not more likely than not that goodwill was impaired as of June 30, 2023. A qualitative assessment was performed for the SDN and Courier Capital reporting units and the Company concluded no quantitative assessment was deemed necessary as of June 30, 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):
|  | June 30, |  |  | 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 |  |  | (8,666 | ) |  |  | (8,202 | )
Net book value |  | $ | 5,879 |  |  | $ | 6,343 |
Amortization expense for total other intangible assets was $230 thousand and $464 thousand for the three and six months ended June 30, 2023, and $249 thousand and $503 thousand for the three and six months ended June 30, 2022. As of June 30, 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) | $ | 446 |
2024 |  | 838 |
2025 |  | 766 |
2026 |  | 694 |
2027 |  | 623 |
2028 |  | 551 |
Thereafter |  | 1,961 |
Total | $ | 5,879 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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