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):

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​

​

​

​

​

​

​

​

​

​

    

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):

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Wholesale Banking

​

Consumer Banking

​

Corporate Other

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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

​