XML 50 R34.htm IDEA: XBRL DOCUMENT v3.24.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Information Concerning Intangible Assets with Finite Life

The Company analyzed its intangible assets on a quarterly basis throughout 2023, and concluded no impairment existed as of the balance sheet date. Information concerning intangible assets with a finite life is presented in the following table as of December 31, (dollars in thousands):

    

Gross

    

    

Net

Carrying

Accumulated

Carrying

Value

Amortization

Value

2023

 

  

 

  

 

  

Core deposit intangibles

$

85,491

$

68,599

$

16,892

Other amortizable intangibles

 

3,977

 

1,686

 

2,291

2022

 

  

 

  

 

  

Core deposit intangibles

$

85,491

$

60,363

$

25,128

Other amortizable intangibles

 

2,774

 

1,141

 

1,633

Schedule of goodwill and intangible assets by operating segment

The following table presents the Company’s goodwill and intangible assets by operating segment as of December 31, (dollars in thousands):

Wholesale Banking

Consumer Banking

Corporate Other

Total

2023

 

  

 

  

 

  

  

Goodwill

$

639,180

$

286,031

$

$

925,211

Intangible Assets

 

1,302

 

989

 

16,892

 

19,183

2022

 

  

 

  

 

  

 

  

Goodwill

$

639,180

$

286,031

$

$

925,211

Intangible Assets

 

1,558

 

75

 

25,128

 

26,761

Estimated Remaining Amortization Expense of Intangibles

As of December 31, 2023, the estimated remaining amortization expense of intangibles is as follows for the years ended (dollars in thousands):

2024

    

$

6,936

2025

5,289

2026

3,654

2027

2,068

2028

843

Thereafter

393

Total estimated amortization expense

$

19,183