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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill
Changes in the carrying amount of the Corporation's goodwill by business segment for the years ended December 31, 2015 and 2014 were as follows:
(Dollars in thousands)
Banking
 
Wealth Management
 
Insurance
 
Consolidated
Balance at December 31, 2013
$
35,058

 
$
8,625

 
$
13,834

 
$
57,517

Addition to goodwill from acquisitions

 
6,809

 
3,391

 
10,200

Balance at December 31, 2014
35,058

 
15,434

 
17,225

 
67,717

Addition to goodwill from acquisitions
43,516

 

 
1,424

 
44,940

Balance at December 31, 2015
$
78,574

 
$
15,434

 
$
18,649

 
$
112,657

Components of Intangible Assets
The following table reflects the components of intangible assets at the dates indicated:
 
At December 31, 2015
 
At December 31, 2014
(Dollars in thousands)
Gross Carrying Amount
 
Accumulated Amortization and Fair Value Adjustments
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization and Fair Value Adjustments
 
Net Carrying Amount
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Core deposit intangibles
$
1,520

 
$
276

 
$
1,244

 
$

 
$

 
$

Customer related intangibles
14,227

 
8,728

 
5,499

 
13,397

 
6,726

 
6,671

Mortgage servicing rights
12,233

 
6,356

 
5,877

 
10,559

 
5,050

 
5,509

Total amortized intangible assets
$
27,980

 
$
15,360

 
$
12,620

 
$
23,956

 
$
11,776

 
$
12,180

Estimated Aggregate Amortization Expense
The estimated aggregate amortization expense for core deposit and customer related intangibles for each of the five succeeding fiscal years and thereafter follows:
Year
(Dollars in thousands)
Amount
2016
 
$
1,871

2017
 
1,544

2018
 
1,170

2019
 
847

2020
 
577

Thereafter
 
734

The estimated amortization expense of mortgage servicing rights for each of the five succeeding fiscal years and thereafter is as follows:
Year
(Dollars in thousands)
Amount
2016
 
$
902

2017
 
783

2018
 
672

2019
 
574

2020
 
489

Thereafter
 
2,457

Changes in Mortgage Servicing Rights
Changes in the mortgage servicing rights balance are summarized as follows:
 
For the Years Ended December 31,
(Dollars in thousands)
2015
 
2014
 
2013
Beginning of period
$
5,509

 
$
5,519

 
$
4,152

Servicing rights capitalized
1,674

 
1,118

 
2,485

Amortization of servicing rights
(1,306
)
 
(1,378
)
 
(1,365
)
Changes in valuation allowance

 
250

 
247

End of period
$
5,877

 
$
5,509

 
$
5,519

Mortgage loans serviced for others
$
863,947

 
$
796,835

 
$
751,891

Activity in Valuation Allowance for Mortgage Servicing Rights
Activity in the valuation allowance for mortgage servicing rights was as follows:
 
For the Years Ended December 31,
(Dollars in thousands)
2015
 
2014
 
2013
Valuation allowance, beginning of period
$

 
$
(250
)
 
$
(497
)
Additions

 

 

Reductions

 
250

 
247

Direct write-downs

 

 

Valuation allowance, end of period
$

 
$

 
$
(250
)