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GOODWILL AND OTHER INTANGIBLES (Tables)
12 Months Ended
Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the years ended December 31, 2017 and December 31, 2016 by operating segment are as follows (in thousands):

 

 

 

Bank

 

 

Institutional

Investment

Management

 

 

Asset

Servicing

 

 

Total

 

Balances as of January 1, 2017

 

$

161,391

 

 

$

47,529

 

 

$

19,476

 

 

$

228,396

 

Discontinued assets

 

 

 

 

 

(47,529

)

 

 

 

 

 

(47,529

)

Balances as of December 31, 2017

 

$

161,391

 

 

$

 

 

$

19,476

 

 

$

180,867

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances as of January 1, 2016

 

$

161,341

 

 

$

47,529

 

 

$

19,476

 

 

$

228,346

 

Acquisition of Marquette

 

 

50

 

 

 

 

 

 

 

 

 

50

 

Discontinued assets

 

 

 

 

 

(47,529

)

 

 

 

 

 

(47,529

)

Balances as of December 31, 2016

 

$

161,391

 

 

$

 

 

$

19,476

 

 

$

180,867

 

 

Changes in Intangible Assets

Following are the intangible assets that continue to be subject to amortization as of December 31, 2017 and 2016 (in thousands):

 

 

As of December 31, 2017

 

 

Core Deposit Intangible Assets

 

 

Customer Relationships

 

 

Other Intangible Assets

 

 

Total

 

Gross Carrying Amount

$

50,059

 

 

$

71,342

 

 

$

3,254

 

 

$

124,655

 

Accumulated Amortization

 

42,209

 

 

 

58,935

 

 

 

3,254

 

 

 

104,398

 

Net Carrying Amounts

$

7,850

 

 

$

12,407

 

 

$

 

 

$

20,257

 

 

 

As of December 31, 2016

 

 

Core Deposit Intangible Assets

 

 

Customer Relationships

 

 

Other Intangible Assets

 

 

Total

 

Gross Carrying Amount

$

47,527

 

 

$

74,243

 

 

$

3,254

 

 

$

125,024

 

Accumulated Amortization

 

39,040

 

 

 

56,352

 

 

 

3,002

 

 

 

98,394

 

Net Carrying Amounts

$

8,487

 

 

$

17,891

 

 

$

252

 

 

$

26,630

 

 

Estimated Amortization Expense of Intangible Assets

The following table discloses the estimated amortization expense of intangible assets in future years (in thousands):

 

For the year ending December 31, 2018

 

$

5,713

 

For the year ending December 31, 2019

 

 

4,714

 

For the year ending December 31, 2020

 

 

3,759

 

For the year ending December 31, 2021

 

 

2,755

 

For the year ending December 31, 2022

 

 

1,815