Wesbanco’s Consolidated Balance Sheets include goodwill of $1.1 billion as of December 31, 2023 and 2022, all of which relates to the Community Banking segment. Wesbanco’s other intangible assets of $35.5 million and $44.6 million at December 31, 2023 and 2022, respectively, primarily consist of core deposit and other customer list intangibles, which have finite lives and are amortized using straight line and accelerated methods. Other intangible assets are being amortized over estimated useful lives ranging from ten to sixteen years. Amortization of core deposit and customer list intangible assets totaled $9.1 million, $10.3 million and $11.5 million for the years ended December 31, 2023, 2022 and 2021, respectively. Wesbanco completed its annual goodwill impairment evaluation as of November 30, 2023 and determined that goodwill was not impaired as of such date as well as at December 31, 2023, as there were no significant changes in market conditions, consolidated operating results, or forecasted future results from November 30, 2023. Additionally, there were no events or changes in circumstances indicating impairment of other intangible assets as of December 31, 2023.

The following table shows Wesbanco’s capitalized other intangible assets and related accumulated amortization:


	December 31,
(in thousands)	2023			2022
Other intangible assets:
Gross carrying amount	$	98,271		$	110,358
Accumulated amortization		(62,765	)		(65,764	)
Net carrying amount of other intangible assets	$	35,506		$	44,594

The following table shows the amortization on Wesbanco’s other intangible assets for each of the next five years (in thousands):


Year	Amount
2024	$	8,251
2025		7,475
2026		6,737
2027		6,214
2028		4,501
2029 and thereafter		2,328
Total	$	35,506