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Goodwill and Other Intangibles (Tables)
3 Months Ended
Mar. 31, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the periods ended March 31, 2013 and December 31, 2012 by operating segment are as follows (in thousands):

 

     Bank     Institutional
Investment
Management
     Asset
Servicing
     Total  

Balances as of January 1, 2012

   $ 144,109      $ 47,529       $ 19,476       $ 211,114   

Goodwill disposals during period

     (1,356 )      —           —           (1,356 ) 
  

 

 

   

 

 

    

 

 

    

 

 

 

Balances as of December 31, 2012

   $ 142,753      $ 47,529       $ 19,476       $ 209,758   
  

 

 

   

 

 

    

 

 

    

 

 

 

Balances as of January 1, 2013

   $ 142,753      $ 47,529       $ 19,476       $ 209,758   
  

 

 

   

 

 

    

 

 

    

 

 

 

Balances as of March 31, 2013

   $ 142,753      $ 47,529       $ 19,476       $ 209,758   
  

 

 

   

 

 

    

 

 

    

 

 

 
Changes in Intangible Assets

Following are the intangible assets that continue to be subject to amortization as of March 31, 2013 and December 31, 2012 (in thousands):

 

     As of March 31, 2013  
     Gross Carrying
Amount
     Accumulated
Amortization
     Net Carrying
Amount
 

Core deposit intangible assets

   $ 36,497       $ 30,782       $ 5,715   

Customer relationships

     103,960         45,401         58,559   

Other intangible assets

     3,247         2,173         1,074   
  

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 143,704       $ 78,356       $ 65,348   
  

 

 

    

 

 

    

 

 

 
     As of December 31, 2012  
     Gross Carrying
Amount
     Accumulated
Amortization
     Net Carrying
Amount
 

Core deposit intangible assets

   $ 36,497       $ 30,403       $ 6,094   

Customer relationships

     103,960         42,399         61,561   

Other intangible assets

     3,247         2,099         1,148   
  

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 143,704       $ 74,901       $ 68,803   
  

 

 

    

 

 

    

 

 

 
Aggregate Amortization Expense Recognized

Following is the aggregate amortization expense recognized in each period (in thousands):

 

     Three Months Ended
March  31,
 
     2013      2012  

Aggregate amortization expense

   $ 3,456       $ 3,852   
  

 

 

    

 

 

 
Estimated Amortization Expense of Intangible Assets

Estimated amortization expense of intangible assets on future years (in thousands):

 

For the nine months ending December 31, 2013

   $ 9,763   

For the year ending December 31, 2014

     12,146   

For the year ending December 31, 2015

     9,550   

For the year ending December 31, 2016

     8,342   

For the year ending December 31, 2017

     7,098