GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2023

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

NOTE F: GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

The gross carrying amount and accumulated amortization for each type of identifiable intangible asset are as follows:

	March 31, 2023						December 31, 2022
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
(000’s omitted)	Amount		Amortization		Amount		Amount		Amortization		Amount
Amortizing intangible assets:
Core deposit intangibles	$	77,373	$	(66,265)	$	11,108	$	77,373	$	(65,069)	$	12,304
Other intangibles		120,462		(73,592)		46,870		119,813		(71,121)		48,692
Total amortizing intangibles	$	197,835	$	(139,857)	$	57,978	$	197,186	$	(136,190)	$	60,996

The estimated aggregate amortization expense for each of the five succeeding fiscal years ended December 31 is as follows:

(000’s omitted)
Apr - Dec 2023	$	10,153
2024		11,730
2025		9,994
2026		8,838
2027		3,408
Thereafter		13,855
Total	$	57,978

Shown below are the components of the Company’s goodwill at December 31, 2022 and March 31, 2023:

(000’s omitted)	December 31, 2022		Activity		March 31, 2023
Goodwill	$	841,841	$	1,095	$	842,936