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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | (7) Goodwill and Intangible Assets The carrying amount of goodwill was $125,520 at September 30, 2024 and December 31, 2023. Acquired intangible assets, other than goodwill, as of September 30, 2024 and December 31, 2023 were as follows:
|  | September 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 |  |  | $ | 7,298 |  |  | $ | 5,370 |  |  |  | 12,668 |  |  |  | 6,178 |  |  | $ | 6,490 |
Total amortized intangible assets |  | $ | 12,668 |  |  | $ | 7,298 |  |  | $ | 5,370 |  |  | $ | 12,668 |  |  | $ | 6,178 |  |  | $ | 6,490 |
Aggregate core deposit intangible amortization expense was $363 and $398, for the three months ended September 30, 2024 and 2023, respectively. Aggregate core deposit intangible amortization expense was $1,121 and $1,195 for the nine months ended September 30, 2024 and 2023, respectively. Activity for mortgage servicing rights ("MSRs") for the three and nine months ended September 30, 2024 and September 30, 2023 were as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Mortgage Servicing Rights: |  |  |  |  |  |  |  |  |  |  |  |
Balance at Beginning of Period |  | $ | 2,974 |  |  | $ | 3,056 |  |  | $ | 3,018 |  |  | $ | 2,689 |
Additions |  |  | 90 |  |  |  | 76 |  |  |  | 199 |  |  |  | 600 |
Additions from acquisition |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortized to expense |  |  | (125 | ) |  |  | (86 | ) |  |  | (278 | ) |  |  | (243 | )
Other charges |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Change in valuation allowance |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance at End of Period |  | $ | 2,939 |  |  | $ | 3,046 |  |  | $ | 2,939 |  |  | $ | 3,046 |
There was no valuation allowance for the three and nine months ended September 30, 2024 and September 30, 2023. Estimated amortization expense for each of the next five years and thereafter is as follows:
|  | MSRs |  |  | Core deposit intangibles |  |  | Total |
2024 (1) |  | $ | 125 |  |  | $ | 358 |  |  | $ | 483 |
2025 |  |  | 166 |  |  |  | 1,312 |  |  |  | 1,478 |
2026 |  |  | 163 |  |  |  | 1,193 |  |  |  | 1,356 |
2027 |  |  | 157 |  |  |  | 1,071 |  |  |  | 1,228 |
2028 |  |  | 153 |  |  |  | 782 |  |  |  | 935 |
Thereafter |  |  | 2,175 |  |  |  | 654 |  |  |  | 2,829 |
|  | $ | 2,939 |  |  | $ | 5,370 |  |  | $ | 8,309 |
(1) 2024 includes 3 months of amortization expense consisting for October, November, and December 2024.

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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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