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Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024 and December 31, 2023 (in thousands):

	June 30, 2024							December 31, 2023
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	2,501	$	(1,656	)	$	845	$	2,457	$	(1,502	)	$	955
Core deposit intangibles		4,713		(2,314	)		2,399		4,713		(2,018	)		2,695
Total amortized intangible assets	$	7,214	$	(3,970	)	$	3,244	$	7,170	$	(3,520	)	$	3,650
Unamortized intangible assets:
Goodwill	$	85,758						$	85,758

(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). The Company based its projections of amortization expense shown below on existing asset balances at June 30, 2024. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Total
Three months ended June 30, 2024 (actual)	$	74	$	147	$	221
Six months ended June 30, 2024 (actual)		154		296		450
Three months ended June 30, 2023 (actual)		75		31		106
Six months ended June 30, 2023 (actual)		148		62		210
Estimate for year ending December 31,
Remaining 2024		137		268		405
2025		235		478		713
2026		184		395		579
2027		127		339		466
2028		80		284		364
Thereafter		82		635		717
Total	$	845	$	2,399	$	3,244