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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017 and 2016 were as follows:
(Dollars in thousands)
Banking
 
Wealth Management
 
Insurance
 
Consolidated
Balance at December 31, 2015
$
78,574

 
$
15,434

 
$
18,649

 
$
112,657

Addition to goodwill from acquisitions
59,902

 

 

 
59,902

Balance at December 31, 2016
138,476

 
15,434

 
18,649

 
172,559

Addition to goodwill from acquisitions

 

 

 

Balance at December 31, 2017
$
138,476

 
$
15,434

 
$
18,649

 
$
172,559

Components of Intangible Assets
The following table reflects the components of intangible assets at the dates indicated:
 
At December 31, 2017
 
At December 31, 2016
(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:
 
 
 
 
 
 
 
 
 
 
 
Covenants not to compete
$
710

 
$
580

 
$
130

 
$
710

 
$
205

 
$
505

Core deposit intangibles
6,788

 
2,135

 
4,653

 
6,788

 
1,004

 
5,784

Customer related intangibles
12,381

 
9,828

 
2,553

 
12,381

 
8,504

 
3,877

Servicing rights
15,855

 
9,282

 
6,573

 
14,369

 
7,884

 
6,485

Total amortized intangible assets
$
35,734

 
$
21,825

 
$
13,909

 
$
34,248

 
$
17,597

 
$
16,651

Estimated Aggregate Amortization Expense
The estimated aggregate amortization expense for covenants not to compete and core deposit and customer related intangibles for each of the five succeeding fiscal years and thereafter follows:
Year
(Dollars in thousands)
Amount
2018
 
$
2,114

2019
 
1,565

2020
 
1,200

2021
 
923

2022
 
666

Thereafter
 
868

The estimated amortization expense of servicing rights for each of the five succeeding fiscal years and thereafter is as follows:
Year
(Dollars in thousands)
Amount
2018
 
$
970

2019
 
841

2020
 
729

2021
 
628

2022
 
541

Thereafter
 
2,864

Changes in Mortgage Servicing Rights
Changes in the servicing rights balance are summarized as follows:
 
For the Years Ended December 31,
(Dollars in thousands)
2017
 
2016
 
2015
Beginning of period
$
6,485

 
$
5,877

 
$
5,509

Servicing rights capitalized
1,487

 
2,049

 
1,674

Acquired servicing rights

 
87

 

Amortization of servicing rights
(1,399
)
 
(1,528
)
 
(1,306
)
Changes in valuation allowance

 

 

End of period
$
6,573

 
$
6,485

 
$
5,877

Residential mortgage and SBA loans serviced for others
$
1,008,123

 
$
965,729

 
$
863,947

Activity in Valuation Allowance for Mortgage Servicing Rights
ctivity in the valuation allowance for the years ended December 31, 2017, 2016 and 2015.