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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Intangible Assets, Other than Goodwill

Acquired intangible assets, other than goodwill, as of June 30, 2025 and December 31, 2024 were as follows:

 

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

12,668

 

 

$

8,332

 

 

$

4,336

 

 

 

12,668

 

 

 

7,662

 

 

$

5,006

 

Total amortized intangible assets

 

$

12,668

 

 

$

8,332

 

 

$

4,336

 

 

$

12,668

 

 

$

7,662

 

 

$

5,006

 

 

Schedule of Mortgage Servicing Rights (MSRs)

Activity for mortgage servicing rights ("MSRs") for the three and six months ended June 30, 2025 and June 30, 2024 were as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Mortgage Servicing Rights:

 

 

 

 

 

 

 

 

 

 

 

 

Balance at Beginning of Period

 

$

2,832

 

 

$

2,999

 

 

$

2,877

 

 

$

3,018

 

Additions

 

 

24

 

 

 

59

 

 

 

48

 

 

 

109

 

Additions from acquisition

 

 

 

 

 

 

 

 

 

 

 

 

Disposals

 

 

 

 

 

 

 

 

 

 

 

 

Amortized to expense

 

 

(81

)

 

 

(84

)

 

 

(150

)

 

 

(153

)

Other charges

 

 

 

 

 

 

 

 

 

 

 

 

Change in valuation allowance

 

 

 

 

 

 

 

 

 

 

 

 

Balance at End of Period

 

$

2,775

 

 

$

2,974

 

 

$

2,775

 

 

$

2,974

 

Schedule of Estimated Amortization Expense

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

 

 

 

MSRs

 

 

Core deposit
intangibles

 

 

Total

 

2025 (1)

 

$

81

 

 

$

635

 

 

$

716

 

2026

 

 

160

 

 

 

1,193

 

 

 

1,353

 

2027

 

 

157

 

 

 

1,071

 

 

 

1,228

 

2028

 

 

151

 

 

 

793

 

 

 

944

 

2029

 

 

148

 

 

 

282

 

 

 

430

 

Thereafter

 

 

2,078

 

 

 

362

 

 

 

2,440

 

 

$

2,775

 

 

$

4,336

 

 

$

7,111

 

 

(1) 2025 includes six months of amortization expense for the period from July 1, 2025 through December 31, 2025.