Goodwill and Other Acquisition-Related Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill Assets by Business Segment

A summary of the Company’s goodwill assets by reporting unit is presented in the following table:

(In thousands)	December 31, 2021		Goodwill Acquired		Impairment Loss		Goodwill Adjustments		September 30, 2022
Community banking	$	545,671	$	—	$	—	$	—	$	545,671
Specialty finance	40,105		—		—		(2,070)		38,035
Wealth management	69,373		—		—		—		69,373
Total	$	655,149	$	—	$	—	$	(2,070)	$	653,079

Summary of Infinite-Lived Intangible Assets

A summary of acquisition-related intangible assets as of the dates shown and the expected amortization of finite-lived acquisition-related intangible assets as of September 30, 2022 is as follows:

(In thousands)	September 30, 2022		December 31, 2021		September 30, 2021
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	55,206	$	55,206	$	55,206
Accumulated amortization	(41,480)		(38,067)		(36,840)
Net carrying amount	$	13,726	$	17,139	$	18,366
Trademark with indefinite lives:
Carrying amount	5,800		5,800		5,800
Total net carrying amount	$	19,526	$	22,939	$	24,166
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,960	$	1,967	$	1,967
Accumulated amortization	(1,771)		(1,721)		(1,705)
Net carrying amount	$	189	$	246	$	262
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	20,430	$	20,430	$	20,430
Accumulated amortization	(16,525)		(15,308)		(14,740)
Net carrying amount	$	3,905	$	5,122	$	5,690
Total acquisition-related intangible assets:
Gross carrying amount	$	83,396	$	83,403	$	83,403
Accumulated amortization	(59,776)		(55,096)		(53,285)
Total other acquisition-related intangible assets, net	$	23,620	$	28,307	$	30,118

Summary of Finite-Lived Intangible Assets

A summary of acquisition-related intangible assets as of the dates shown and the expected amortization of finite-lived acquisition-related intangible assets as of September 30, 2022 is as follows:

(In thousands)	September 30, 2022		December 31, 2021		September 30, 2021
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	55,206	$	55,206	$	55,206
Accumulated amortization	(41,480)		(38,067)		(36,840)
Net carrying amount	$	13,726	$	17,139	$	18,366
Trademark with indefinite lives:
Carrying amount	5,800		5,800		5,800
Total net carrying amount	$	19,526	$	22,939	$	24,166
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,960	$	1,967	$	1,967
Accumulated amortization	(1,771)		(1,721)		(1,705)
Net carrying amount	$	189	$	246	$	262
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	20,430	$	20,430	$	20,430
Accumulated amortization	(16,525)		(15,308)		(14,740)
Net carrying amount	$	3,905	$	5,122	$	5,690
Total acquisition-related intangible assets:
Gross carrying amount	$	83,396	$	83,403	$	83,403
Accumulated amortization	(59,776)		(55,096)		(53,285)
Total other acquisition-related intangible assets, net	$	23,620	$	28,307	$	30,118

Estimated Amortization

Estimated amortization
Actual in nine months ended September 30, 2022	$	4,680
Estimated remaining in 2022	1,431
Estimated—2023	4,658
Estimated—2024	3,259
Estimated—2025	2,552
Estimated—2026	1,954