Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill allocated to each reporting unit at December 31, 2023 and 2022 is presented as follows:

(in thousands)	Wholesale Banking Reporting Unit		Community Banking Reporting Unit		Consumer Banking Reporting Unit		Wealth Management Reporting Unit		Total Goodwill
Balance as of December 31, 2021	$	171,636	$	256,323	$	—	$	24,431	$	452,390
Change in goodwill from reallocation	—		(114,701)		114,701		—		—
Balance as of December 31, 2022	$	171,636	$	141,622	$	114,701	$	24,431	$	452,390
Changes during the period from:
Reallocation	4,197		—		—		(4,197)		—
Acquisition	—		30,512		—		—		30,512
Divestiture	—		—		—		(2,462)		(2,462)
Balance as of December 31, 2023	$	175,833	$	172,134	$	114,701	$	17,772	$	480,440

Schedule of Other Intangible Assets

The following table shows the gross carrying amount and accumulated amortization of other intangible assets as of December 31, 2023 and 2022, which primarily consist of core deposit intangible assets. The CDI is being amortized over its estimated useful life of approximately ten years utilizing an accelerated method. Intangible assets resulting from the Qualpay acquisition, which primarily include client relationships, partner relationships, and developed technology, are being amortized on a straight-line basis over their estimated useful lives ranging from five to eight years. Aggregate other intangible assets amortization expense for the years ended December 31, 2023, 2022, and 2021 was $10.5 million, $8.5 million, and $9.5 million, respectively, and is included in other operating expense on the consolidated statements of income.

(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
December 31, 2023
CDI	$	57,400	$	(41,745)	$	15,655
Client Relationships	22,100		(8,078)		14,022
Partner Relationships	4,700		(548)		4,152
Developed Technology	11,091		(1,294)		9,797
Other	3,900		(1,598)		2,302
Total other intangible assets	$	99,191	$	(53,263)	$	45,928
December 31, 2022
CDI	$	57,400	$	(35,484)	$	21,916
Client Relationships	10,800		(6,136)		4,664
Partner Relationships	—		—		—
Developed Technology	—		—		—
Other	1,700		(1,156)		544
Total other intangible assets	$	69,900	$	(42,776)	$	27,124

Schedule of Finite-lived Intangible Assets Amortization Expense

The estimated amortization expense of other intangible assets for the next five years is as follows:

(in thousands)	Amortization Expense
2024	$	11,609
2025	10,510
2026	9,438
2027	8,067
2028	3,826