Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

(7) Goodwill and Intangible Assets

The carrying amount of goodwill was $125,520 at June 30, 2024 and December 31, 2023.

Acquired intangible assets, other than goodwill, as of June 30, 2024 and December 31, 2023 were as follows:


	June 30, 2024						December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets:
Core deposit intangibles	$	12,668	$	6,935	$	5,733		12,668		6,178	$	6,490
Total amortized intangible assets	$	12,668	$	6,935	$	5,733	$	12,668	$	6,178	$	6,490

Aggregate core deposit intangible amortization expense was $366 and $399, for the three months ended June 30, 2024 and 2023, respectively. Aggregate core deposit intangible amortization expense was $757 and $797 for the six months ended June 30, 2024 and 2023, respectively.

Activity for mortgage servicing rights ("MSRs") for the three and six months ended June 30, 2024 and June 30, 2023 were as follows:


	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
Loan Servicing Rights:
Balance at Beginning of Period	$	2,999		$	3,059		$	3,018		$	2,689
Additions		59			88			109			524
Additions from acquisition		—			—			—			—
Disposals		—			—			—			—
Amortized to expense		(84	)		(91	)		(153	)		(157	)
Other charges		—			—			—			—
Change in valuation allowance		—			—			—			—
Balance at End of Period	$	2,974		$	3,056		$	2,974		$	3,056

There was no valuation allowance for the three and six months ended June 30, 2024 and June 30, 2023.

Estimated amortization expense for each of the next five years and thereafter is as follows:


	MSRs		Core deposit intangibles		Total
2024	$	84	$	721	$	805
2025		168		1,312		1,480
2026		166		1,193		1,359
2027		162		1,071		1,233
2028		155		782		937
Thereafter		2,239		654		2,893
	$	2,974	$	5,733	$	8,707