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Goodwill and Other Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill
The following table details changes in the recorded amount of goodwill:
(Dollars in thousands)June 30, 2022December 31, 2021
Goodwill, beginning of year$264,193 $171,260 
Goodwill recorded from acquisitions25,783 92,933 
Goodwill, end of period$289,976 $264,193 
Summary of Finite Lived Intangible Assets
Other intangible assets were comprised of the following at June 30, 2022, and at December 31, 2021:
(Dollars in thousands)Core DepositsCustomer RelationshipsTotal
June 30, 2022
Gross intangibles$26,466 $25,173 $51,639 
Intangibles recorded from acquisitions (a)— 14,067 14,067 
Accumulated amortization(19,879)(12,178)(32,057)
Total acquisition-related intangibles$6,587 $27,062 $33,649 
Servicing rights2,016 
Indefinite-lived intangibles (b)2,491 
Total other intangibles$38,156 
December 31, 2021
Gross intangibles$22,233 $12,495 $34,728 
Intangibles recorded from acquisitions (c)4,233 13,014 17,247 
Accumulated amortization(19,048)(9,603)(28,651)
Total acquisition-related intangibles$7,418 $15,906 $23,324 
Servicing rights2,218 
Indefinite-lived intangibles (d)1,274 
Total other intangibles$26,816 
(a) Customer relationship intangible assets included $1.2 million of non-compete intangible assets related to the Vantage acquisition and
$0.1 million of non-compete intangible assets related to the Elite insurance agency acquisition.
(b) Included $1.2 million of trade name intangible assets related to the Vantage acquisition and $1.3 million of trade name
intangible assets related to the NSL acquisition.
(c) Customer relationship intangible assets consisted of $0.3 million of non-compete intangible assets related to the NSL acquisition.
(d) Included $1.3 million of trade name intangible assets related to the NSL acquisition.
Summary of Future Amortization of Intangible Assets
The following table details estimated aggregate future amortization of other intangible assets at June 30, 2022:
(Dollars in thousands)Core DepositsCustomer RelationshipsTotal
Remaining six months of 2022$788 $3,234 $4,022 
20231,257 6,269 7,526 
20241,058 5,325 6,383 
2025891 4,255 5,146 
2026731 3,114 3,845 
Thereafter1,862 4,865 6,727 
Total$6,587 $27,062 $33,649 
Summary of Mortgage Servicing Rights Activity
The following is an analysis of activity of servicing rights for the periods ended June 30, 2022 and December 31, 2021:
(Dollars in thousands)June 30, 2022December 31, 2021
Balance, beginning of year$2,218 $2,486 
Amortization(318)(775)
Servicing rights originated110 519 
Change in valuation allowance6 (12)
Balance, end of period$2,016 $2,218 
Summary of Discount Rates and Prepayment Speeds Servicing Rights
The following is the breakdown of the discount rates and prepayment speeds of servicing rights for the periods ended June 30, 2022 and December 31, 2021:
June 30, 2022December 31, 2021
Minimum MaximumMinimumMaximum
Discount rates9.8 %12.3 %8.3 %10.8 %
Prepayment speeds7.8 %23.2 %8.9 %27.1 %
Schedule of Acquired Indefinite-Lived Intangible Assets by Major Class
Other intangible assets were comprised of the following at June 30, 2022, and at December 31, 2021:
(Dollars in thousands)Core DepositsCustomer RelationshipsTotal
June 30, 2022
Gross intangibles$26,466 $25,173 $51,639 
Intangibles recorded from acquisitions (a)— 14,067 14,067 
Accumulated amortization(19,879)(12,178)(32,057)
Total acquisition-related intangibles$6,587 $27,062 $33,649 
Servicing rights2,016 
Indefinite-lived intangibles (b)2,491 
Total other intangibles$38,156 
December 31, 2021
Gross intangibles$22,233 $12,495 $34,728 
Intangibles recorded from acquisitions (c)4,233 13,014 17,247 
Accumulated amortization(19,048)(9,603)(28,651)
Total acquisition-related intangibles$7,418 $15,906 $23,324 
Servicing rights2,218 
Indefinite-lived intangibles (d)1,274 
Total other intangibles$26,816 
(a) Customer relationship intangible assets included $1.2 million of non-compete intangible assets related to the Vantage acquisition and
$0.1 million of non-compete intangible assets related to the Elite insurance agency acquisition.
(b) Included $1.2 million of trade name intangible assets related to the Vantage acquisition and $1.3 million of trade name
intangible assets related to the NSL acquisition.
(c) Customer relationship intangible assets consisted of $0.3 million of non-compete intangible assets related to the NSL acquisition.
(d) Included $1.3 million of trade name intangible assets related to the NSL acquisition.