Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2019

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, 2019		Goodwill Acquired		Impairment Loss		Goodwill Adjustments		June 30, 2019
Community banking	$	465,085	$	10,726	$	—	$	123	$	475,934
Specialty finance	38,343		—		—		921		39,264
Wealth management	69,713		—		—		—		69,713
Total	$	573,141	$	10,726	$	—	$	1,044	$	584,911

The community banking segment's goodwill increased $10.8 million in the first six months of 2019 primarily as a result the acquisition of ROC. The specialty finance segment's goodwill increased $921,000 in the first six months of 2019 as a result of foreign currency translation adjustments related to the Canadian acquisitions.

At June 30, 2019, 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 June 30, 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 June 30, 2019 is as follows:



(Dollars in thousands)	June 30, 2019			December 31, 2018			June 30, 2018
Community banking segment:
Core deposit intangibles with finite lives:
Gross carrying amount	$	58,423		$	55,366		$	37,272
Accumulated amortization	(32,652		)	(29,406		)	(27,126		)
Net carrying amount	$	25,771		$	25,960		$	10,146
Trademark with indefinite lives:
Carrying amount	5,800			5,800			5,800
Total net carrying amount	$	31,571		$	31,760		$	15,946
Specialty finance segment:
Customer list intangibles with finite lives:
Gross carrying amount	$	1,964		$	1,958		$	1,964
Accumulated amortization	(1,500		)	(1,436		)	(1,373		)
Net carrying amount	$	464		$	522		$	591
Wealth management segment:
Customer list and other intangibles with finite lives:
Gross carrying amount	$	20,430		$	20,430		$	7,940
Accumulated amortization	(5,877		)	(3,288		)	(3,063		)
Net carrying amount	$	14,553		$	17,142		$	4,877
Total intangible assets:
Gross carrying amount	$	86,617		$	83,554		$	52,976
Accumulated amortization	(40,029		)	(34,130		)	(31,562		)
Total intangible assets, net	$	46,588		$	49,424		$	21,414



Estimated amortization
Actual in six months ended June 30, 2019	$	5,899
Estimated remaining in 2019	5,773
Estimated—2020	10,105
Estimated—2021	6,852
Estimated—2022	5,368
Estimated—2023	3,977

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 $5.9 million and $2.0 million for the six months ended June 30, 2019 and 2018, respectively.