XML 32 R20.htm IDEA: XBRL DOCUMENT v3.25.3

GOODWILL AND OTHER INTANGIBLES

9 Months Ended

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

​

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration