Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangibles (Tables)

v3.22.0.1
Goodwill and Intangibles (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill and Other Intangible Assets

Goodwill and other intangible assets, which consist of core deposit intangibles, are summarized as follows:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

(Dollars in thousands)

 

Beginning goodwill

 

$

77,681

 

 

$

68,503

 

Measurement period adjustments

 

 

-

 

 

 

(2,278

)

Arising from business combinations

 

 

-

 

 

 

11,456

 

Ending goodwill

 

$

77,681

 

 

$

77,681

 

 

 

 

 

 

 

 

 

 

Core deposit intangible

 

$

19,722

 

 

$

19,722

 

Less: Accumulated amortization

 

 

(14,971

)

 

 

(11,904

)

Core deposit intangible, net

 

$

4,751

 

 

$

7,818

 

Schedule of Estimated Amortization Expense for Intangible Assets

The estimated amount of amortization expense for core deposit intangible assets to be recognized over the next five fiscal years is as follows:

 

Type of intangibles

 

2022

 

 

2023

 

 

2024

 

 

2025

 

 

2026

 

 

 

(Dollars in thousands)

 

Core deposit intangible

 

$

2,212

 

 

$

1,499

 

 

$

745

 

 

$

200

 

 

 

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