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Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets

A summary of the Company’s goodwill assets by business segment is presented in the following table:
(Dollars in thousands)
January 1,
2019
 
Goodwill
Acquired
 
Impairment
Loss
 
Goodwill Adjustments
 
March 31,
2019
Community banking
$
465,085

 
$

 
$

 
$
37

 
$
465,122

Specialty finance
38,343

 

 

 
480

 
38,823

Wealth management
69,713

 

 

 

 
69,713

Total
$
573,141

 
$

 
$

 
$
517

 
$
573,658



The community banking segment's goodwill increased $37,000 in the first quarter of 2019 primarily as a result of a purchase accounting adjustment related to the acquisition of Delaware Place Bank. The specialty finance segment's goodwill increased $480,000 in the first quarter of 2019 as a result of foreign currency translation adjustments related to the Canadian acquisitions.

At June 30, 2018, the Company utilized a qualitative approach for its annual goodwill impairment test of the community banking segment and determined that it is not more likely than not that an impairment existed at that time. At December 31, 2018, the Company utilized a quantitative approach for its annual goodwill impairment tests of the specialty finance and wealth management segments and determined that no impairment existed at that time. At each reporting date between annual goodwill impairment tests, the Company considers potential indicators of impairment. As of March 31, 2019, the Company identified no such indicators of goodwill impairment within the community banking, specialty finance and wealth management segments.

A summary of intangible assets as of the dates shown and the expected amortization of finite-lived intangible assets as of March 31, 2019 is as follows:
(Dollars in thousands)
March 31,
2019
 
December 31,
2018
 
March 31,
2018
Community banking segment:
 
 
 
 
 
Core deposit intangibles with finite lives:
 
 
 
 
 
Gross carrying amount
$
55,447

 
$
55,366

 
$
37,272

Accumulated amortization
(31,022
)
 
(29,406
)
 
(26,280
)
Net carrying amount
$
24,425

 
$
25,960

 
$
10,992

Trademark with indefinite lives:
 
 
 
 
 
Carrying amount
5,800

 
5,800

 
5,800

Total net carrying amount
$
30,225

 
$
31,760

 
$
16,792

Specialty finance segment:
 
 
 
 
 
Customer list intangibles with finite lives:
 
 
 
 
 
Gross carrying amount
$
1,961

 
$
1,958

 
$
1,967

Accumulated amortization
(1,468
)
 
(1,436
)
 
(1,335
)
Net carrying amount
$
493

 
$
522

 
$
632

Wealth management segment:
 
 
 
 
 
Customer list and other intangibles with finite lives:
 
 
 
 
 
Gross carrying amount
$
20,430

 
$
20,430

 
$
7,940

Accumulated amortization
(4,582
)
 
(3,288
)
 
(2,951
)
Net carrying amount
$
15,848

 
$
17,142

 
$
4,989

Total intangible assets:
 
 
 
 
 
Gross carrying amount
$
83,638

 
$
83,554

 
$
52,979

Accumulated amortization
(37,072
)
 
(34,130
)
 
(30,566
)
Total intangible assets, net
$
46,566

 
$
49,424

 
$
22,413


Estimated amortization
 
Actual in three months ended March 31, 2019
$
2,942

Estimated remaining in 2019
8,414

Estimated—2020
9,595

Estimated—2021
6,385

Estimated—2022
4,957

Estimated—2023
3,630



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. The customer list and other intangibles recognized in connection with prior acquisitions within the wealth management segment are being amortized over a period of up to ten years on a straight-line basis. Indefinite-lived intangible assets consist of certain trade and domain names recognized in connection with the Veterans First acquisition. As indefinite-lived intangible assets are not amortized, the Company assesses impairment on at least an annual basis.

Total amortization expense associated with finite-lived intangibles totaled approximately $2.9 million and $1.0 million for the three months ended March 31, 2019 and 2018, respectively.