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Goodwill and Other Intangibles
6 Months Ended
Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles

6. Goodwill and Other Intangibles

Changes in the carrying amount of goodwill for the periods ended June 30, 2018 and December 31, 2017 by reportable segment are as follows (in thousands):

 

 

 

Commercial Banking

 

 

Institutional Banking

 

 

Personal Banking

 

 

Healthcare Services

 

 

Total

 

Balances as of January 1, 2018

 

$

59,419

 

 

$

51,332

 

 

$

70,116

 

 

$

—

 

 

$

180,867

 

Balances as of June 30, 2018

 

$

59,419

 

 

$

51,332

 

 

$

70,116

 

 

$

—

 

 

$

180,867

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances as of January 1, 2017

 

$

59,419

 

 

$

98,861

 

 

$

70,116

 

 

$

—

 

 

$

228,396

 

Discontinued assets ─ goodwill and other intangibles, net

 

 

—

 

 

 

(47,529

)

 

 

—

 

 

 

—

 

 

 

(47,529

)

Balances as of December 31, 2017

 

$

59,419

 

 

$

51,332

 

 

$

70,116

 

 

$

—

 

 

$

180,867

 

 

The following table lists the finite-lived intangible assets that continue to be subject to amortization as of June 30, 2018 and December 31, 2017 (in thousands):

 

 

 

As of June 30, 2018

 

 

 

Core Deposit

Intangible

Assets

 

 

Customer Relationships

 

 

Other

Intangible

Assets

 

 

Total

 

Gross carrying amount

 

$

50,059

 

 

$

71,342

 

 

$

3,254

 

 

$

124,655

 

Accumulated amortization

 

 

43,728

 

 

 

60,463

 

 

 

3,254

 

 

 

107,445

 

Net carrying amount

 

$

6,331

 

 

$

10,879

 

 

$

—

 

 

$

17,210

 

 

 

 

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 amount

 

$

7,850

 

 

$

12,407

 

 

$

—

 

 

$

20,257

 

 

The following table has the aggregate amortization expense recognized in each period (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Aggregate amortization expense

 

$

1,485

 

 

$

1,924

 

 

$

3,047

 

 

$

3,970

 

 

The following table lists estimated amortization expense of intangible assets in future periods (in thousands):

 

For the six months ending December 31, 2018

 

$

2,666

 

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

 

For the year ending December 31, 2023

 

 

1,097