Goodwill and Other Intangibles

3 Months Ended

Mar. 31, 2015

Note 10

Goodwill and Other Intangibles

Information concerning total amortizable other intangible assets at March 31, 2015 is as follows:

	Commercial Banking				Mortgage Banking				Total
(In thousands)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Balance at December 31, 2014	$	3,080	$	775	$	1,781	$	1,781	$	4,861	$	2,556
2015 activity:
Amortization	—		197		—		—		—		197
Balance at March 31, 2015	$	3,080	$	972	$	1,781	$	1,781	$	4,861	$	2,753

The aggregate amortization expense was $197,000 and $200,000 for three months ended March 31, 2015 and 2014, respectively. The estimated amortization expense for the next five years and thereafter is as follows:

(In thousands)
2015 (April — December)	$	539
2016	595
2017	454
2018	313
2019	172
Thereafter	35

The carrying amount of goodwill at March 31, 2015 was as follows:

(In thousands)	Commercial Banking		Mortgage Banking		Total
Balance at December 31, 2014	$	24,887	$	10,120	$	35,007
Activity: None	—		—		—
Balance at March 31, 2015	$	24,887	$	10,120	$	35,007

Goodwill is evaluated for impairment on an annual basis or more frequently if events or circumstances warrant.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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