Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table details changes in the recorded amount of goodwill for the years ended December 31:

(Dollars in thousands)	2023		2022
Goodwill, beginning of year	$	292,397	$	264,193
Goodwill recorded from acquisitions	69,772		28,204
Goodwill, end of year	$	362,169	$	292,397

Schedule of Other Intangible Assets

Other intangible assets were comprised of the following at December 31:

(Dollars in thousands)	Core Deposits		Customer Relationships		Indefinite-Lived Trade Names		Total
2023
Gross intangibles	$	26,464	$	37,920	$	2,491	$	66,875
Intangibles recorded from acquisitions	27,722		—		—		27,722
Accumulated amortization	(25,670)		(20,680)		—		(46,350)
Total acquisition-related intangibles	$	28,516	$	17,240	$	2,491	$	48,247
Servicing rights							1,385
Non-compete agreements (a)							371
Total other intangibles							$	50,003
2022
Gross intangibles	$	26,464	$	25,173	$	1,274	$	52,911
Intangibles recorded from acquisitions (b)	—		14,067		1,217		15,284
Accumulated amortization	(20,667)		(15,412)		—		(36,079)
Total acquisition-related intangibles	$	5,797	$	23,828	$	2,491	$	32,116
Servicing rights							1,816
Total other intangibles							$	33,932

(a) Non-compete agreements were recognized due to acquisitions.

(b) Peoples included in customer relationship intangibles intangible assets related to a non-compete agreements in the amount of $1.3 million at December 31, 2022.

Schedule of Future Amortization of Other Intangible Assets

The following table details estimated aggregate future amortization of other intangible assets at December 31, 2023:

(Dollars in thousands)	Core Deposits		Customer Relationships (a)		Total
2024	$	5,875	$	5,310	$	11,185
2025	4,609		4,221		8,830
2026	3,736		3,081		6,817
2027	3,043		2,256		5,299
2028	2,608		1,549		4,157
Thereafter	8,645		1,194		9,839
Total	$	28,516	$	17,611	$	46,127
(a) Peoples includes in customer relationship intangibles intangible assets related to a non-compete agreements.

Schedule of Servicing Rights Activity

The following is an analysis of activity of servicing rights for the years ended December 31:

(Dollars in thousands)	2023		2022		2021
Balance, beginning of year	$	1,816	$	2,218	$	2,486
Amortization	(457)		(594)		(936)
Servicing rights originated	27		180		519
Change in valuation allowance	(1)		12		149
Balance, end of year	$	1,385	$	1,816	$	2,218

Schedule 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 years ended December 31:

	2023				2022
	Minimum		Maximum		Minimum		Maximum
Discount rates	13.5	%	16.0	%	12.5	%	15.0	%
Prepayment speeds	7.7	%	16.1	%	6.5	%	23.8	%