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GOODWILL AND OTHER INTANGIBLES (Tables)
12 Months Ended
Dec. 31, 2014
GOODWILL AND OTHER INTANGIBLES  
Schedule of increase in goodwill and goodwill by reporting units

 

(In thousands)

 

2014

 

2013

 

Balance, beginning of the period

 

$

256,871 

 

$

255,199 

 

Goodwill aquired:

 

 

 

 

 

New York Branch Acquisition

 

7,871 

 

 

Beacon Federal Bancorp, Inc. (1)

 

 

1,672 

 

Balance, end of the period

 

$

264,742 

 

$

256,871 

 

 

 

(1) 

Goodwill related to the acquisition of Beacon was adjusted due to the subsequent recognition of certain identifiable liabilities that had not been recognized as part of the original accounting.

 

Year-end goodwill relates to the following reporting units:

 

(In thousands)

 

2014

 

2013

 

 

 

 

 

 

 

Banking

 

$

241,566 

 

$

233,695 

 

Insurance

 

23,176 

 

23,176 

 

Total

 

$

264,742 

 

$

256,871 

 

 

Schedule of components of other intangible assets

 

(In thousands)

 

Gross Intangible
Assets

 

Accumulated
Amortization

 

Net Intangible
Assets

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

Non-maturity deposits

 

$

34,053

 

$

(25,656

)

$

8,397

 

Insurance contracts

 

7,558

 

(6,094

)

1,464

 

All other intangible assets

 

3,894

 

(2,227

)

1,667

 

Total

 

$

45,505

 

$

(33,977

)

$

11,528

 

 

 

 

 

 

 

 

 

December 31, 2013

 

 

 

 

 

 

 

Non-maturity deposits

 

$

31,503

 

$

(22,106

)

$

9,397

 

Insurance contracts

 

7,558

 

(5,320

)

2,238

 

All other intangible assets

 

3,894

 

(1,738

)

2,156

 

Total

 

$

42,955

 

$

(29,164

)

$

13,791