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Goodwill and Intangibles
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangibles Goodwill and Intangibles
Goodwill and other intangible assets are presented in the table below. Changes in carrying amount of the Company’s goodwill and core deposit intangible (“CDI”) for the years ended December 31, 2023, 2022 and 2021 were as follows.
(dollars in thousands)GoodwillCDI
Balance, December 31, 2020$58,488 $4,624 
Amortization of intangibles— (1,163)
Balance, December 31, 202158,488 3,461 
Friendswood acquisition23,029 4,597 
Amortization of intangibles— (1,602)
Balance, December 31, 202281,517 6,456 
Amortization of intangibles— (1,601)
Balance, December 31, 2023$81,517 $4,855 
The weighted-average amortization period for CDI acquired is 11 years. The Company completed its annual impairment test of goodwill and other intangible assets as of December 31, 2023. The evaluation did not indicate impairment on its goodwill or other intangible assets.
Estimated future amortization expense for CDI remaining at December 31, 2023, was as follows.
(dollars in thousands)Amount
2024$1,298 
20251,087 
2026851 
2027618 
2028393 
Thereafter608 
Total CDI$4,855