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GOODWILL AND OTHER INTANGIBLES | 9 Months Ended
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Sep. 30, 2025
GOODWILL AND OTHER INTANGIBLES |
GOODWILL AND OTHER INTANGIBLES | NOTE 12. GOODWILL AND OTHER INTANGIBLES The activity impacting goodwill as of September 30, 2025 and December 31, 2024 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | September 30, 2025 |  | December 31, 2024
Balance at beginning of year | ​ | $ | 119,477 | ​ | $ | 119,477
Acquisition (1) | ​ |  | 22,342 | ​ |  | —
Balance at end of year | ​ | $ | 141,819 | ​ | $ | 119,477
​
(1) | In the third quarter 2025, the Company completed its acquisition of Woodsville and recorded $22.3 million in goodwill. Refer to Note 2 for further details.
The components of other intangible assets as of September 30, 2025 and December 31, 2024 are as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2025
​ | ​ | Gross | ​ | Accumulated | ​ | Net Intangible
(in thousands) |  | Intangible Assets |  | Amortization |  | Assets
Core deposit intangible (non-maturity deposits) (1) | ​ | $ | 22,691 | ​ | $ | (6,435) | ​ | $ | 16,256
Customer list and other intangibles | ​ |  | 2,119 | ​ |  | (1,386) | ​ |  | 733
Total | ​ | $ | 24,810 | ​ | $ | (7,821) | ​ | $ | 16,989
​
(1) | In the third quarter 2025, the Company completed its acquisition of Woodsville and recorded $14.0 million in CDI assets that will amortize over a 10 year period. Refer to Note 2 for further details.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024
​ | ​ | Gross | ​ | Accumulated | ​ | Net Intangible
(in thousands) |  | Intangible Assets |  | Amortization |  | Assets
Core deposit intangible (non-maturity deposits) | ​ | $ | 9,483 | ​ | $ | (6,423) | ​ | $ | 3,060
Customer list and other intangibles | ​ |  | 2,118 | ​ |  | (1,240) | ​ |  | 878
Total | ​ | $ | 11,601 | ​ | $ | (7,663) | ​ | $ | 3,938
​ Other intangible assets are amortized on a straight-line basis over their estimated lives, which range from five years to 11 years. Amortization expenses related to intangibles for the three months ended September 30, 2025 and 2024 were $466 thousand and $233 thousand, respectively. Amortization expenses related to intangibles for the nine months ended September 30, 2025 and 2024 were $932 thousand and $699 thousand, respectively. The estimated aggregate future amortization expense for other intangible assets remaining at September 30, 2025 is as follows:
​ | ​ | ​ | ​
​ | ​ | Other Intangible
(in thousands) |  | Assets
2025 | ​ | $ | 582
2026 | ​ | ​ | 2,330
2027 | ​ |  | 2,330
2028 | ​ |  | 2,357
2029 | ​ |  | 1,583
2030 | ​ |  | 1,398
and thereafter | ​ |  | 6,409
Total | ​ | $ | 16,989
​

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