Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.22.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Information Concerning Intangible Assets with Finite Life

The Company analyzed its intangible assets on a quarterly basis throughout 2022, 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 (dollars in thousands):

    

Gross

    

    

Net

Carrying

Accumulated

Carrying

Value

Amortization

Value

December 31, 2022

 

  

 

  

 

  

Core deposit intangibles

$

85,491

$

60,363

$

25,128

Other amortizable intangibles

 

2,774

 

1,141

 

1,633

December 31, 2021

 

  

 

  

 

  

Core deposit intangibles

$

101,724

$

66,739

$

34,985

Other amortizable intangibles

 

14,893

 

6,566

 

8,327

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, 2022 and 2021 (dollars in thousands):

Wholesale Banking

Consumer Banking

Corporate Other

Total

December 31, 2022

 

  

 

  

 

  

  

Goodwill

$

629,630

$

295,581

$

$

925,211

Intangible Assets

 

 

1,633

 

25,128

 

26,761

December 31, 2021

 

  

 

  

 

  

 

  

Goodwill

$

629,630

$

305,930

$

$

935,560

Intangible Assets

 

 

8,327

 

34,985

 

43,312

Estimated Remaining Amortization Expense of Intangibles As of December 31, 2022, the estimated remaining amortization expense of intangibles for the years ended is as follows (dollars in thousands):

2023

    

$

8,518

2024

6,753

2025

5,154

2026

3,559

2027

1,986

Thereafter

791

Total estimated amortization expense

$

26,761