Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

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):

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​

​

​

​

​

​

​

​

​

​

    

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):

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​

​

​

​

​

​

​

​

​

​

​

​

​

Wholesale Banking

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Consumer Banking

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Corporate Other

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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):

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​

​

​

​

2024

    

$

6,936

2025

​

​

5,289

2026

​

​

3,654

2027

​

​

2,068

2028

​

​

843

Thereafter

​

​

393

Total estimated amortization expense

​

$

19,183

​