Quarterly report [Sections 13 or 15(d)]

Goodwill and Other Intangibles

v3.25.1
Goodwill and Other Intangibles
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles

Note 6 — Goodwill

Goodwill of $11.0 million was recorded as a result of the acquisition of an equipment financing agreements portfolio in 2016.

 

 

 

 

 

March 31, 2025

 

 

December 31, 2024

 

 

 

Amortization
Period

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

 

 

 

(in thousands)

 

Goodwill

 

N/A

 

 

11,031

 

 

 

—

 

 

 

11,031

 

 

 

11,031

 

 

 

—

 

 

 

11,031

 

Total intangible assets

 

 

 

$

11,031

 

 

$

—

 

 

$

11,031

 

 

$

11,031

 

 

$

—

 

 

$

11,031

 

 

The Company performed an impairment analysis in the first quarter of 2025 and determined there was no impairment as of March 31, 2025. No triggering event occurred as of, or subsequent to March 31, 2025, that would require a reassessment of goodwill.