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Goodwill and Other Intangibles

9 Months Ended

Sep. 30, 2024

6. Goodwill and Other Intangibles:

The following table provides information on the significant components of goodwill and other acquired intangible assets at September 30, 2024 and December 31, 2023.


	September 30, 2024
		Gross				Accumulated				Net
		Carrying				Impairment		Accumulated		Carrying
(Dollars in thousands)		Amount		Additions		Charges		Amortization		Amount
Goodwill	$	63,370	$	13,588	$		$		$	76,958
Total goodwill	$	63,370	$	13,588	$		$		$	76,958

Core deposit intangible	$		$	36,629	$		$	1,665	$	34,964
Wealth management customer list intangible				988				45		943
Total intangible assets, net	$		$	37,617	$		$	1,710	$	35,907



	December 31, 2023
		Gross				Accumulated				Net
		Carrying				Impairment		Accumulated		Carrying
(Dollars in thousands)		Amount		Additions		Charges		Amortization		Amount
Goodwill	$	63,370	$		$		$		$	63,370
Total goodwill	$	63,370	$		$		$		$	63,370

The aggregate amortization expense was $1.7 million for the three and nine months ended September 30, 2024. There was $29 thousand and $86 thousand of expense for the three and nine months ended September 30, 2023, respectively.

At September 30, 2024, estimated future remaining amortization of the core deposit intangible and wealth management customer list intangible within the years ending December 31, are as follows:


(Dollars in thousands)	CDI		Wealth management customer list intangible		Total
2024	$	1,665	$	45	$	1,710
2025		6,327		171		6,498
2026		5,661		153		5,814
2027		4,995		135		5,130
2028		4,329		117		4,446
Thereafter		11,987		322		12,309
Total amortizing intangible	$	34,964	$	943	$	35,907