Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

Goodwill increased $93.9 million to $211.3 million at June 30, 2019 from $117.3 million at December 31, 2018 due to the acquisition of Trinity, including $3.6 million recorded in the second quarter of 2019 from continued refinement of the fair values.

The table below presents a summary of intangible assets:

	Six months ended
(in thousands)	June 30, 2019
Gross core deposit intangible balance, beginning of period	$	20,574
Additions	23,066
Gross core deposit intangible, end of period	43,640
Accumulated amortization	(14,439		)
Core deposit intangible, net, end of year	$	29,201

Amortization expense on the core deposit intangibles was $1.6 million and $0.6 million for the quarters ended June 30, 2019 and 2018, and $2.4 million and $1.3 million for the six months ended June 30, 2019 and 2018, respectively. The core deposit intangibles are being amortized over a 10 year period.

The following table reflects the expected amortization schedule for the core deposit intangible (in thousands) at June 30, 2019.

Year	Core Deposit Intangible
2019	$	3,125
2020	5,608
2021	4,814
2022	4,085
2023	3,456
After 2023	8,113
	$	29,201