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GOODWILL AND OTHER INTANGIBLES (Tables)
12 Months Ended
Dec. 31, 2016
Gross Amount and Accumulated Amortization of Other Intangible Assets [Table Text Block]
The following table shows the gross amount and accumulated amortization of the Corporation’s intangible assets recognized as part of Other Assets in the consolidated statements of financial condition:
As of
December 31,
2016 2015
(Dollars in thousands)
Core deposit intangible:
Gross amount, beginning of period$51,664$45,844
Addition as a result of acquisition-5,820
Accumulated amortization(44,466)(42,498)
Net carrying amount$7,198$9,166
Remaining amortization period8.1 years9.0 years
Purchased credit card relationship intangible:
Gross amount$24,465$24,465
Accumulated amortization(13,934)(11,146)
Net carrying amount$10,531$13,319
Remaining amortization period5 years5.8 years
Insurance customer relationship intangible:
Gross amount$1,067$-
Accumulated amortization(140)-
Net carrying amount$927$-
Remaining amortization period6.1 years-
Schedule of Expected Amortization Expense [Table Text Block]
The estimated aggregate annual amortization expense related to the intangible assets for future periods is as follows:
Amount
(In thousands)
2017$4,495
20183,519
20193,067
20202,851
20212,658
2022 and after2,066