GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2024

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, 2024						December 31, 2023
	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	$	(70,125)	$	7,248	$	77,373	$	(69,214)	$	8,159
Other intangibles		131,553		(84,152)		47,401		125,919		(81,487)		44,432
Total amortizing intangibles	$	208,926	$	(154,277)	$	54,649	$	203,292	$	(150,701)	$	52,591

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

(000’s omitted)
Apr - Dec 2024	$	9,940
2025		11,604
2026		10,216
2027		4,564
2028		3,434
Thereafter		14,891
Total	$	54,649

Shown below are the components of the Company’s goodwill at December 31, 2023 and March 31, 2024:

(000’s omitted)	December 31, 2023		Additions		March 31, 2024
Goodwill	$	845,396	$	4,394	$	849,790