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GOODWILL AND OTHER INTANGIBLES (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
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 indicated dates:

 

 

 

 

 

 

 

As of

 

As of

 

March 31,

 

December 31,

 

2020

 

2019

(Dollars in thousands)

 

 

 

 

 

Core deposit intangible:

 

 

 

 

 

Gross amount

$

51,664

 

$

51,664

Accumulated amortization (1)

 

(48,377)

 

 

(48,176)

Net carrying amount

$

3,287

 

$

3,488

 

 

 

 

 

 

Remaining amortization period (in years)

 

4.8

 

 

5.1

 

 

 

 

 

 

Purchased credit card relationship intangible:

 

 

 

 

 

Gross amount

$

24,465

 

$

24,465

Accumulated amortization (2)

 

(21,324)

 

 

(20,850)

Net carrying amount

$

3,141

 

$

3,615

 

 

 

 

 

 

Remaining amortization period (in years)

 

1.6

 

 

1.9

 

 

 

 

 

 

Insurance customer relationship intangible:

 

 

 

 

 

Gross amount

$

1,067

 

$

1,067

Accumulated amortization (3)

 

(635)

 

 

(597)

Net carrying amount

$

432

 

$

470

 

 

 

 

 

 

Remaining amortization period (in years)

 

2.8

 

 

3.0

The estimated aggregate annual amortization expense related to the intangible assets for future periods is as follows as of March 31, 2020:

 

 

 

 

 

 

 

 

Amount

 

(In thousands)

 

 

 

2020

$

2,138

 

2021

 

2,656

 

2022

 

915

 

2023

 

622

 

2024

 

457

 

2025 and after

 

72