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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets . GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the changes in the carrying amount of goodwill for the periods presented.

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

(Dollars in thousands)

 

Balance, beginning of period

 

$

663,707

 

 

$

663,707

 

Additions due to acquisitions

 

 

102,115

 

 

 

 

Balance, end of period

 

$

765,822

 

 

$

663,707

 

 

The following summarizes changes in CDI and the related accumulated amortization for the periods presented.

 

 

 

Year Ended December 31,

 

 

 

2022

 

 

2021

 

 

 

Gross CDI

 

 

Accumulated

 

 

Net CDI

 

 

Gross CDI

 

 

Accumulated

 

 

Net CDI

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

 

(Dollars in thousands)

 

Balance of intangible assets,
   beginning of period

 

$

93,297

 

 

$

(67,903

)

 

$

25,394

 

 

$

93,297

 

 

$

(59,663

)

 

$

33,634

 

      Additions due to acquisitions

 

 

3,914

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

(7,567

)

 

 

(3,652

)

 

 

 

 

 

(8,240

)

 

 

(8,240

)

Balance of intangible assets,
   end of period

 

$

97,211

 

 

$

(75,470

)

 

$

21,742

 

 

$

93,297

 

 

$

(67,903

)

 

$

25,394

 

 

 

The following table reflects the estimated amortization expense for the periods presented, as of December 31, 2022.

 

 

 

December 31,
2022

 

Year:

 

(Dollars in thousands)

 

2023

 

$

6,452

 

2024

 

 

5,324

 

2025

 

 

4,193

 

2026

 

 

2,822

 

2027

 

 

1,397

 

Thereafter

 

 

1,554

 

Total

 

$

21,742

 

 

At December 31, 2022 the weighted average remaining life of intangible assets is approximately 2.23 years.