Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

A summary of the Company’s goodwill assets by business segment is presented in the following table:



(Dollars in thousands)	January 1, 2014		Goodwill Acquired		Impairment Loss		Goodwill Adjustments			December 31, 2014
Community banking	$	305,313	$	26,439	$	—	$	—		$	331,752
Specialty finance	37,370		6,545		—		(2,147		)	41,768
Wealth management	31,864		250		—		—			32,114
Total	$	374,547	$	33,234	$	—	$	(2,147	)	$	405,634

The community banking segment's goodwill increased $26.4 million in 2014 as a result of the acquisition of certain branches of Talmer Bank & Trust, the acquisition of the Pewaukee, Wisconsin branch of THE National Bank and the acquisition of the Stone Park branch office and certain related deposits of Urban Partnership Bank. The specialty finance segment's goodwill increased $4.4 million during this same period a result of the acquisitions of Policy Billing Services Inc. and Equity Premium Finance Inc., partially offset by foreign currency translation adjustments related to Canadian acquisitions.The wealth management banking segment's goodwill increased $250,000 as a result of the acquisition of the trust operations related to Talmer Bank & Trust.

A summary of finite-lived intangible assets as of the dates shown and the expected amortization as of December 31, 2014 is as follows:



	December 31,
(Dollars in thousands)	2014			2013
Community banking segment:
Core deposit intangibles:
Gross carrying amount	$	29,379		$	40,770
Accumulated amortization	(17,879		)	(29,189		)
Net carrying amount	$	11,500		$	11,581
Specialty finance segment:
Customer list intangibles:
Gross carrying amount	$	1,800		$	1,800
Accumulated amortization	(941		)	(805		)
Net carrying amount	$	859		$	995
Wealth management segment:
Customer list and other intangibles:
Gross carrying amount	$	7,940		$	7,690
Accumulated amortization	(1,488		)	(1,053		)
Net carrying amount	$	6,452		$	6,637
Total other intangible assets, net	$	18,811		$	19,213



Estimated amortization
Estimated—2015	$	3,519
Estimated—2016	2,833
Estimated—2017	2,346
Estimated—2018	2,052
Estimated—2019	1,722

The core deposit intangibles recognized in connection with prior 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 while the customer list intangibles recognized

in connection with prior acquisitions within the wealth management segment are being amortized over a ten-year period on a straight-line basis.

Total amortization expense associated with finite-lived intangibles in 2014, 2013 and 2012 was $4.7 million, $4.6 million and $4.3 million, respectively.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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