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Goodwill and other intangibles

12 Months Ended

Dec. 31, 2024

9. Goodwill and other intangibles:

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


	December 31, 2024
		Gross				Accumulated				Net
		Carrying				Impairment		Accumulated		Carrying
(Dollars in thousands)		Amount		Additions		Charges		Amortization⁽¹⁾		Amount
Goodwill	$	63,370	$	12,616	$		$		$	75,986
Total goodwill	$	63,370	$	12,616	$		$		$	75,986

Core deposit intangible	$		$	36,629	$		$	3,330	$	33,299
Wealth management customer list intangible				988				90		898
Total intangible assets, net	$		$	37,617	$		$	3,420	$	34,197

	December 31, 2023
		Gross				Accumulated				Net
		Carrying				Impairment		Accumulated		Carrying
(Dollars in thousands)		Amount		Additions		Charges		Amortization⁽¹⁾		Amount
Goodwill	$	63,370	$		$		$		$	63,370
Total goodwill	$	63,370	$		$		$		$	63,370

Core deposit intangible	$	105	$		$		$	105	$
Total core deposit intangible	$	105	$		$		$	105	$

(1)

Core deposit intangible amortization is included in amortization of intangible assets in the consolidated statements of income and comprehensive income (loss). Wealth management customer list intangible amortization is included in wealth management income on the consolidated statements of income and comprehensive income (loss).

The aggregate amortization expense was $3.4 million and $0.1 million for the twelve months ended December 31, 2024 and December 31, 2023, respectively.

At December 31, 2024, estimated future remaining amortization of the core deposit intangible (“CDI”) 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
2025	$	6,327	$	171	$	6,498
2026		5,661		153		5,814
2027		4,995		135		5,130
2028		4,329		117		4,446
2029		3,663		99		3,762
Thereafter		8,324		223		8,547
Total amortizing intangible	$	33,299	$	898	$	34,197