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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | NOTE 10 – GOODWILL AND INTANGIBLE ASSETS Goodwill associated with the Company’s purchases of Crest in December 2024, Emlenton in January 2023 and other past acquisitions totaled $167.5 million at December 31, 2024 and $167.4 million at December 31, 2023. Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value, which is determined through an impairment test. Management performs goodwill impairment testing on an annual basis as of September 30, or whenever events or changes in circumstances indicate that the fair value of a reporting unit may be below its carrying value. As of September 30, 2024, no events or changes in circumstances indicated that the fair value of the reporting unit was below its carrying value. The Company will continue to monitor its goodwill for possible impairment. Acquired Intangible Assets Acquired intangible assets were as follows:
|  | 2024 |  |  | 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |
Other intangible: |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles |  | $ | 7,975 |  |  | $ | (7,088 | ) |  | $ | 7,210 |  |  | $ | (6,953 | )
Non-compete contracts |  |  | 457 |  |  |  | (426 | ) |  |  | 457 |  |  |  | (413 | )
Trade Name |  |  | 1,131 |  |  |  | (468 | ) |  |  | 1,126 |  |  |  | (440 | )
Core deposit intangible |  |  | 32,115 |  |  |  | (12,946 | ) |  |  | 32,115 |  |  |  | (10,260 | )
Total |  | $ | 41,678 |  |  | $ | (20,928 | ) |  | $ | 40,908 |  |  | $ | (18,066 | )
Aggregate intangible amortization expense was $2.9 million for 2024, $3.4 million for 2023 and $2.0 million for 2022. Estimated amortization expense for each of the next five years and thereafter:
2025 |  | $ | 2,899 |
2026 |  |  | 2,798 |
2027 |  |  | 2,684 |
2028 |  |  | 2,674 |
2029 |  |  | 2,665 |
Thereafter |  |  | 7,030 |
Total |  | $ | 20,750 |

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- 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
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