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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill Goodwill represents the excess of the cost of acquired assets over the fair value of the underlying liabilities at the date of acquisition. Goodwill is not amortized but is reviewed for impairment annually, or between annual assessments if a triggering event occurs or circumstances change that would more likely than not result in the fair value of a reporting unit below its carrying amount. We completed our most recent annual goodwill impairment assessment during the third quarter of 2023 and determined that no goodwill impairment related to the Advisory or Trust segment was required. There was no goodwill impairment during the three and six months ended June 30, 2024 or June 30, 2023. Changes in goodwill were as follows (in thousands):
| Trust Segment |  | Advisory Segment |  | Total
Balance at December 31, 2023 | $ | 16,401 |  |  | $ | 23,100 |  |  | $ | 39,501 |
Balance at June 30, 2024 | $ | 16,401 |  |  | $ | 23,100 |  |  | $ | 39,501 |
| Trust Segment |  | Advisory Segment |  | Total
Balance at December 31, 2022 | $ | 16,401 |  |  | $ | 19,331 |  |  | $ | 35,732 |
Salient Acquisition adjustment 1 | — |  |  | (428) |  |  | (428) |
Broadmark Acquisition | — |  |  | 4,197 |  |  | 4,197 |
Balance at June 30, 2023 | $ | 16,401 |  |  | $ | 23,100 |  |  | $ | 39,501 |
1 Represents subsequent purchase price adjustments for the Salient Acquisition. Other Intangible Assets Our intangible assets represent the acquisition date fair value of acquired client relationships, trade names, non-compete agreements and internally developed software and are reflected net of amortization. In valuing these assets, we made significant estimates regarding their useful lives, growth rates and potential attrition. We periodically review intangible assets for events or circumstances that would indicate impairment. No intangible asset impairments were recorded during the three and six months ended June 30, 2024 or June 30, 2023.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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