GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 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:

	September 30, 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	$	(68,286)	$	9,087	$	77,373	$	(65,069)	$	12,304
Other intangibles		125,703		(78,852)		46,851		119,813		(71,121)		48,692
Total amortizing intangibles	$	203,076	$	(147,138)	$	55,938	$	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)
Oct - Dec 2023	$	3,563
2024		12,808
2025		10,927
2026		9,625
2027		4,049
Thereafter		14,966
Total	$	55,938

Shown below are the components of the Company’s goodwill at December 31, 2022 and September 30, 2023:

(000’s omitted)	December 31, 2022		Additions		September 30, 2023
Goodwill	$	841,841	$	3,555	$	845,396