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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 5. Goodwill and Intangible Assets Goodwill is the excess of the fair value of the consideration transferred over the fair value of the net assets acquired and the liabilities assumed as of the acquisition date. Core deposit intangibles represent the estimated future benefit of deposits related to an acquisition, and are recorded separately as an asset and amortized over an estimated useful life of 10 years. Goodwill and other intangible assets are evaluated for impairment annually or whenever events or circumstances indicate the carrying amount may be impaired. The following table summarizes the changes in the Company’s goodwill and core deposit intangible assets for the three months ended March 31, 2025 and 2024 (in thousands):
|  | For Three Months Ended March 31,
|  | 2025 |  | 2024
|  | Goodwill |  | Core Deposit Intangibles |  | Goodwill |  | Core Deposit Intangibles
Beginning Balance |  | $ | 96,828 |  |  | $ | 9,268 |  |  | $ | 53,777 |  |  | $ | — |
Additions |  | — |  |  | — |  |  | — |  |  | — |
Amortizations |  | — |  |  | (251) |  |  | — |  |  | — |
Ending Balance |  | $ | 96,828 |  |  | $ | 9,017 |  |  | $ | 53,777 |  |  | $ | — |
The following tables presents the estimated amortization expense for core deposit intangible assets remaining at March 31, 2025:
|  | Estimated Amortization
2025 |  | $ | 1,002 |
2026 |  | 1,002 |
2027 |  | 1,002 |
2028 |  | 1,002 |
2029 |  | 1,002 |
Thereafter |  | 4,007 |
Total |  | $ | 9,017 |

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- 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
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