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Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Other Intangible Assets [Abstract]

Gross Carrying Value and Accumulated Amortization of Intangible Assets

The following table provides the gross carrying value and accumulated amortization of intangible assets as of June 30, 2023 and December 31, 2022 (in thousands):

	June 30, 2023							December 31, 2022
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	2,575	$	(1,510	)	$	1,065	$	2,336	$	(1,362	)	$	974
Core deposit intangibles		4,713		(1,707	)		3,006		1,943		(1,645	)		298
Total amortized intangible assets	$	7,288	$	(3,217	)	$	4,071	$	4,279	$	(3,007	)	$	1,272
Unamortized intangible assets:
Goodwill	$	84,758						$	31,376

(1) Excludes fully amortized intangible assets

Future Amortization Expense for Amortized Intangible Assets

The following table provides the current year and estimated future amortization expense for amortized intangible assets for the next five years (in thousands). We based our projections of amortization expense shown below on existing asset balances at June 30, 2023. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Total
Three months ended June 30, 2023 (actual)	$	75	$	31	$	106
Six months ended June 30, 2023 (actual)		148		62		210
Three months ended June 30, 2022 (actual)		78		40		118
Six months ended June 30, 2022 (actual)		160		80		240
Estimate for year ending December 31,
Remaining 2023		155		310		465
2024		271		564		835
2025		220		478		698
2026		170		395		565
2027		113		339		452
Thereafter		136		920		1,056
Total	$	1,065	$	3,006	$	4,071