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Intangible Assets and Goodwill
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill

(5) INTANGIBLE ASSETS AND GOODWILL

The following is a summary of intangible assets as of the date listed:

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

 

(Dollars in thousands)

 

September 30, 2023

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

33,550

 

 

$

(16,170

)

 

$

17,380

 

Customer relationship intangibles

 

 

3,350

 

 

 

(3,139

)

 

 

211

 

Total

 

$

36,900

 

 

$

(19,309

)

 

$

17,591

 

December 31, 2022

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

33,298

 

 

$

(13,615

)

 

$

19,683

 

Customer relationship intangibles

 

 

3,350

 

 

 

(3,050

)

 

 

300

 

Total

 

$

36,648

 

 

$

(16,665

)

 

$

19,983

 

 

The following is a summary of goodwill by business segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BancFirst Metropolitan Banks

 

 

BancFirst Community Banks

 

 

Pegasus

 

 

Worthington

 

 

Other Financial Services

 

 

Executive, Operations & Support

 

 

Consolidated

 

 

 

(Dollars in thousands)

 

Nine months ended September 30, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

13,767

 

 

$

61,212

 

 

$

68,855

 

 

$

32,133

 

 

$

5,464

 

 

$

624

 

 

$

182,055

 

Acquisitions

 

 

—

 

 

 

208

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

208

 

Balance at end of period

 

$

13,767

 

 

$

61,420

 

 

$

68,855

 

 

$

32,133

 

 

$

5,464

 

 

$

624

 

 

$

182,263

 

The Company purchased a branch from RCB bank on July 20, 2023, which added goodwill as shown in the table above. See Note (2) of the Notes to the Consolidated Financial Statements for disclosure regarding the Company's recent developments, including mergers and acquisitions.

Additional information for intangible assets can be found in Note (7) to the Company’s Annual Report on Form 10-K for the year ended December 31, 2022.