Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

(Amounts in thousands)
Goodwill
Balance at December 31, 2019	$	87,649
Goodwill acquired	94,159
Balance at March 31, 2020	$	181,808
Intangible assets
Balance at December 31, 2019	$	16,686
Intangible assets acquired	157,600
Amortization of intangible assets	(9,878		)
Balance at March 31, 2020	$	164,408

The addition of goodwill and intangible assets during the three months ended March 31, 2020 related to the acquisition of Sandler O'Neill, as discussed in Note 3. Management identified $157.6 million of intangible assets, consisting of customer relationships of $72.2 million and the Sandler trade name of $85.4 million. The customer relationships will be amortized over a weighted average life of 2.4 years. The Sandler trade name is an indefinite-lived intangible asset and will not be subject to amortization.

The following table summarizes the future aggregate amortization expense of the Company's intangible assets with determinable lives:

(Amounts in thousands)
Remainder of 2020	$	29,634
2021	15,042
2022	9,325
2023	7,427
2024	6,280
Thereafter	11,300
Total	$	79,008