Dime Commercial Bancshares, Inc. /NY/ Goodwill & Intangibles Disclosure
8. GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill
At December 31, 2025 and 2024, the carrying amount of the Company’s goodwill was $155.8 million, respectively.
The Company performs its annual goodwill impairment test in the fourth quarter of every year, or more frequently if events or changes in circumstance indicate the asset might be impaired. It was determined during the annual impairment testing that no impairment was needed for the years ended December 31, 2025, 2024 and 2023.
The following table presents the change in Goodwill for the periods indicated:
Year Ended December 31, | |||||||||
(In thousands) | 2025 | | 2024 | | 2023 | ||||
Beginning of year | $ | 155,797 | $ | 155,797 | $ | 155,797 | |||
Impairment |
| - | - | - | |||||
End of year | $ | 155,797 | $ | 155,797 | $ | 155,797 | |||
Other Intangible Assets
The following table presents the carrying amount and accumulated amortization of intangible assets that are amortizable, all of which are core deposit intangibles:
Year Ended December 31, | ||||||
(In thousands) |
| 2025 |
| 2024 | ||
Gross carrying value | $ | 10,204 | $ | 10,204 | ||
Accumulated amortization |
| (7,266) |
| (6,308) | ||
Net carrying amount | $ | 2,938 | $ | 3,896 | ||
Amortization expense recognized on intangible assets was $1.0 million, $1.2 million and $1.4 million for the years ended December 31, 2025, 2024 and 2023, respectively.
Estimated amortization expense for each of the next five years and thereafter is as follows:
(In thousands) |
|
|
|
2026 | $ | 795 | |
2027 | 664 | ||
2028 | 560 | ||
2029 | 475 | ||
2030 | 411 | ||
Thereafter | 33 | ||
Total | $ | 2,938 |
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 20, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
| 2023 | Feb 22, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Mar 1, 2022 | |
| 2020 | Mar 15, 2021 | |
| 2019 | Mar 11, 2020 | |
| 2018 | Mar 11, 2019 | |
| 2017 | Mar 9, 2018 | |
| 2016 | Mar 10, 2017 | |
| 2015 | Mar 14, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.