
(In thousands)	December 31, 2025		Goodwill Acquired		Impairment Loss		Goodwill Adjustments		June 30, 2026
Community banking	$	687,754	$	—	$	—	$	(11,331)	$	676,423
Specialty finance	38,211		—		—		10,590		48,801
Wealth management	71,995		—		—		—		71,995
Total	$	797,960	$	—	$	—	$	(741)	$	797,219

The specialty finance unit’s goodwill increased in the first six months of 2026 as $11.3 million of goodwill was reclassified from the community banking unit related to a line of business reclassification, partially offset by $741,000 of foreign currency translation adjustments related to the prior Canadian acquisitions. The line of business reclassification resulted from the reportable segment aggregation analysis performed following leadership changes occurring in 2026. The movement of this line of business between the two reporting units did not have a significant impact on the valuation of the Company’s reporting units as all reporting units had substantial excess in estimated fair value over the carrying value in the Company’s most recent quantitative assessment of goodwill.

The Company assesses each reporting unit’s goodwill for impairment on at least an annual basis and considers potential indicators of impairment at each reporting date between annual goodwill impairment tests. At October 1, 2025, the Company utilized a qualitative approach for its annual goodwill impairment tests of the community banking, specialty finance and wealth management reporting units and determined that no impairment existed at that time.

At each reporting date between annual goodwill impairment tests, the Company considers potential indicators of impairment. The Company assessed whether events and circumstances resulted in it being more likely than not that the fair value of any reporting unit was less than its carrying value. Potential impairment indicators considered include the condition of the economy and banking industry; government intervention and regulatory updates; the impact of recent events to financial performance and cost factors of the reporting units; performance of the Company’s stock and other relevant events.

At the conclusion of this assessment of all reporting units, the Company determined that as of June 30, 2026, it was more likely than not that the fair value of all reporting units exceeded the respective carrying value of such reporting unit.


(In thousands)	June 30, 2026		December 31, 2025		June 30, 2025
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	158,106	$	158,106	$	158,106
Accumulated amortization	(86,132)		(76,861)		(67,301)
Net carrying amount	$	71,974	$	81,245	$	90,805
Trademark with indefinite lives:
Carrying amount	11,500		11,500		13,800
Total net carrying amount	$	83,474	$	92,745	$	104,605
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,960	$	1,961	$	1,962
Accumulated amortization	(1,950)		(1,932)		(1,915)
Net carrying amount	$	10	$	29	$	47
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	26,630	$	26,630	$	26,630
Accumulated amortization	(21,995)		(21,405)		(20,787)
Net carrying amount	$	4,635	$	5,225	$	5,843
Total acquisition-related intangible assets:
Gross carrying amount	$	198,196	$	198,197	$	200,498
Accumulated amortization	(110,077)		(100,198)		(90,003)
Total other acquisition-related intangible assets, net	$	88,119	$	97,999	$	110,495

The core deposit intangibles recognized in connection with the Company’s bank acquisitions are amortized over a ten-year period on an accelerated basis. The customer list intangibles recognized in connection with the purchase of life insurance premium finance assets in 2009 are being amortized over an 18-year period on an accelerated basis. The customer list and other intangibles recognized in connection with prior acquisitions within the wealth management segment are being amortized over a period of up to ten years on a straight-line or accelerated basis. Indefinite-lived intangible assets consist of certain trade and domain names recognized in connection with prior acquisitions. As indefinite-lived intangible assets are not amortized, the Company assesses impairment on at least an annual basis. Total amortization expense associated with finite-lived acquisition-related intangibles totaled approximately $9.9 million and $11.2 million for the six months ended June 30, 2026 and 2025, respectively.