Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Other Intangibles (Tables)

v3.24.3
Goodwill and Other Intangibles (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill and Other Intangible Assets The Company’s intangible assets were as follows for the periods indicated:

 

 

 

 

 

September 30, 2024

 

 

December 31, 2023

 

 

 

Amortization
Period

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

 

 

 

(in thousands)

 

Core deposit intangible

 

10 years

 

$

2,213

 

 

$

(2,213

)

 

$

—

 

 

$

2,213

 

 

$

(2,145

)

 

$

68

 

Third-party originator's intangible

 

7 years

 

 

—

 

 

 

—

 

 

 

—

 

 

 

483

 

 

 

(483

)

 

 

—

 

Goodwill

 

N/A

 

 

11,031

 

 

 

—

 

 

 

11,031

 

 

 

11,031

 

 

 

—

 

 

 

11,031

 

Total intangible assets

 

 

 

$

13,244

 

 

$

(2,213

)

 

$

11,031

 

 

$

13,727

 

 

$

(2,628

)

 

$

11,099