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Goodwill and other intangibles

3 Months Ended

Mar. 31, 2025

6. Goodwill and other intangibles:

The following table provides information on the significant components of goodwill and other acquired intangible assets at March 31, 2025 and December 31, 2024.


	March 31, 2025
						Accumulated
		Beginning				Impairment		Accumulated		Ending
(Dollars in thousands)		Balance		Additions		Charges		Amortization⁽¹⁾		Balance
Goodwill	$	75,986	$		$		$		$	75,986
Total goodwill	$	75,986	$		$		$		$	75,986

Core deposit intangible	$	33,299	$		$		$	1,664	$	31,635
Wealth management customer list intangible		898						45		853
Total intangible assets, net	$	34,197	$		$		$	1,709	$	32,488

	December 31, 2024
						Accumulated
		Beginning				Impairment		Accumulated		Ending
(Dollars in thousands)		Balance		Additions		Charges		Amortization⁽¹⁾		Balance
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

(1)

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

The aggregate amortization expense was $1.7 million for the three months ended March 31, 2025. There was no amortization expense recorded for the three months ended March 31, 2024.

At March 31, 2025, 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
2025	$	4,662	$	126	$	4,788
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		8,325		223		8,548
Total amortizing intangible	$	31,635	$	853	$	32,488