GOODWILL AND OTHER INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and other Intangible Assets [Abstract]

Gross Amount and Accumulated Amortization of Other Intangible Assets [Table Text Block]

Year Ended December 31, 2021

Core deposit intangible

Purchased credit card

relationship intangible

Insurance customer

relationship intangible

Total

(In thousands)

Gross amount of intangible assets:

 Beginning balance

$

87,096

$

28,265

$

1,067

$

116,428

 Measurement period adjustment

(1)

448

-

-

448

 Ending balance

87,544

28,265

1,067

116,876

Accumulated amortization:

 Beginning balance

(51,254)

(23,532)

(749)

(75,535)

 Amortization

(7,719)

(3,535)

(153)

(11,407)

 Ending balance

(58,973)

(27,067)

(902)

(86,942)

Net intangible assets

$

28,571

$

1,198

$

165

$

29,934

Remaining amortization period (in years)

8.0

1.7

1.1

(1)

Measurement adjustment relates to fair value estimate update performed within 1 year of the closing date of the BSPR acquisition, in accordance with ASC 805.

Year Ended December 31, 2020

Core deposit intangible

Purchased credit card

relationship intangible

Insurance customer

relationship intangible

Total

(In thousands)

Gross amount of intangible assets:

 Beginning balance

$

51,664

$

24,465

$

1,067

$

77,196

 Additions due to acquisitions

35,432

3,800

-

39,232

 Ending balance

87,096

28,265

1,067

116,428

Accumulated amortization:

 Beginning balance

(48,176)

(20,850)

(597)

(69,623)

 Amortization

(3,078)

(2,682)

(152)

(5,912)

 Ending balance

(51,254)

(23,532)

(749)

(75,535)

Net intangible assets

$

35,842

$

4,733

$

318

$

40,893

Remaining amortization period (in years)

9.0

2.7

2.1

Year Ended December 31, 2019

Core deposit intangible

Purchased credit card

relationship intangible

Insurance customer

relationship intangible

Total

(In thousands)

Gross amount of intangible assets:

 Beginning balance

$

51,664

$

24,465

$

1,067

$

77,196

Accumulated amortization:

 Beginning balance

(47,329)

(18,763)

(445)

(66,537)

 Amortization

(847)

(2,087)

(152)

(3,086)

 Ending balance

(48,176)

(20,850)

(597)

(69,623)

Net intangible assets

$

3,488

$

3,615

$

470

$

7,573

Remaining amortization period (in years)

5.1

1.9

3.0

Schedule of Expected Amortization Expense [Table Text Block]

The estimated aggregate annual amortization expense related to the intangible assets for future periods was as follows as of December

31, 2021:

Amount

(In thousands)

2022

$

8,816

2023

7,736

2024

6,416

2025

3,509

2026

872

2027 and after

2,585

Schedule of Goodwill [Table Text Block]

Mortgage

Banking

Consumer

(Retail)

Banking

Commercial

and Corporate

Banking

United States

Operations

Total

(In thousands)

Goodwill, January 1, 2020

$

-

$

1,406

$

-

$

26,692

$

28,098

Merger and acquisitions

574

794

4,935

-

6,303

Adjustments

385

533

3,313

-

4,231

Goodwill, December 31, 2020

$

959

$

2,733

$

8,248

$

26,692

$

38,632

Adjustments

53

74

(148)

-

(21)

Goodwill, December 31, 2021

$

1,012

$

2,807

$

8,100

$

26,692

$

38,611