Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

(6.) GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

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. The Company performs its annual goodwill impairment test as of October 1st. The Company did not identify an indication of goodwill impairment for any of its reporting units during the quarter ended September 30, 2025.

The carrying amount of goodwill totaled $58.1 million as of September 30, 2025 and December 31, 2024.

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):

(6.) GOODWILL AND OTHER INTANGIBLE ASSETS (Continued)


	September 30,			December 31,
	2025			2024
Core deposit intangibles:
Gross carrying amount	$	2,042		$	2,042
Accumulated amortization		(2,042	)		(2,042	)
Net book value	$	—		$	—

Other intangibles:
Gross carrying amount	$	7,243		$	7,243
Accumulated amortization		(4,921	)		(4,606	)
Net book value	$	2,322		$	2,637

Amortization expense for total other intangible assets was $103 thousand and $315 thousand for the three and nine months ended September 30, 2025 and $112 thousand and $443 thousand for the three and nine months ended September 30, 2024. The weighted average remaining amortization period for other intangibles was 11.5 years.

As of September 30, 2025, the estimated amortization expense of other intangible assets for the remainder of 2025 and each of the next five years is as follows (in thousands):


2025 (remainder of year)	$	100
2026		379
2027		343
2028		308
2029		272
2030		236
Thereafter		684
Total	$	2,322