Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

Goodwill increased to $210.3 million as of December 31, 2019, compared to $117.3 million as of December 31, 2018 due to the acquisition of Trinity. The annual goodwill impairment evaluations in 2019, 2018, and 2017 did not identify any impairment.

The table below presents a summary of intangible assets:

($ in thousands)	Years ended December 31,
	2019			2018
Core deposit intangible, net, beginning of year	$	8,553		$	11,056
Additions from acquisition	23,066			—
Amortization	(5,543		)	(2,503		)
Core deposit intangible, net, end of year	$	26,076		$	8,553

Amortization expense on the core deposit intangibles was $5.5 million, $2.5 million, and $2.6 million for the years ended December 31, 2019, 2018, and 2017, respectively. The core deposit intangibles are being amortized over a 10-year period.

The following table reflects the amortization schedule for the core deposit intangible at December 31, 2019.

Year	Core Deposit Intangible ($ in thousands)
2020	$	5,608
2021	4,814
2022	4,085
2023	3,456
2024	2,828
After 2024	5,285
	$	26,076