Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles

Changes in the carrying amount and accumulated amortization of the Company’s core deposit premiums and other intangible assets at June 30, 2024 and December 31, 2023 were as follows: 

	June 30,		December 31,
(In thousands)	2024		2023
Core deposit premiums:
Balance, beginning of year	$	101,344	$	116,016
Amortization	(6,885)		(14,672)
Balance, end of period	94,459		101,344
Books of business and other intangibles:
Balance, beginning of year	11,301		12,935
Amortization	(817)		(1,634)
Balance, end of period	10,484		11,301
Total other intangible assets, net	$	104,943	$	112,645

The carrying basis and accumulated amortization of the Company’s other intangible assets at June 30, 2024 and December 31, 2023 were as follows: 

	June 30,		December 31,
(In thousands)	2024		2023
Core deposit premiums:
Gross carrying amount	$	177,624	$	187,467
Accumulated amortization	(83,165)		(86,123)
Core deposit premiums, net	94,459		101,344
Books of business and other intangibles:
Gross carrying amount	22,068		22,068
Accumulated amortization	(11,584)		(10,767)
Books of business and other intangibles, net	10,484		11,301
Total other intangible assets, net	$	104,943	$	112,645

Estimated Remaining Amortization Expense

The Company’s estimated remaining amortization expense on other intangible assets as of June 30, 2024 is as follows: 

(In thousands)	Year	Amortization Expense
	Remainder of 2024	$	7,701
	2025	12,819
	2026	12,346
	2027	12,218
	2028	11,312
	Thereafter	48,547
	Total	$	104,943