XML 42 R31.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table presents the changes in the carrying amount of goodwill for the periods indicated:
Six Months Ended June 30,
(in thousands)2020
Goodwill, beginning of period
$91,918  
Fair value adjustment
2,059  
Total goodwill, end of period
$93,977  
Schedule of Finite-Lived Intangible Assets
The following table presents the gross carrying amount, accumulated amortization, and net carrying amount of other intangible assets at the dates indicated:
As of June 30, 2020As of December 31, 2019
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Core deposit intangible$41,745  $(23,932) $17,813  $41,745  $(21,032) $20,713  
Customer relationship intangible5,265  (2,000) 3,265  5,265  (1,195) 4,070  
Other
2,700  (2,375) 325  2,700  (2,305) 395  
$49,710  $(28,307) $21,403  $49,710  $(24,532) $25,178  
Indefinite-lived trade name intangible$7,040  $7,040  
Schedule of Indefinite-Lived Intangible Assets
The following table presents the gross carrying amount, accumulated amortization, and net carrying amount of other intangible assets at the dates indicated:
As of June 30, 2020As of December 31, 2019
(in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Core deposit intangible$41,745  $(23,932) $17,813  $41,745  $(21,032) $20,713  
Customer relationship intangible5,265  (2,000) 3,265  5,265  (1,195) 4,070  
Other
2,700  (2,375) 325  2,700  (2,305) 395  
$49,710  $(28,307) $21,403  $49,710  $(24,532) $25,178  
Indefinite-lived trade name intangible$7,040  $7,040  
Schedule of Future Amortization Expense
The following table provides the estimate future amortization expense for the remaining six months ending December 31, 2020 and the succeeding periods:
Core Deposit IntangibleCustomer Relationship IntangibleOtherTotal
Estimated Amortization Expense for the Year Ending December 31,
2020$2,507  $630  $63  $3,200  
20214,190  1,062  106  5,358  
20223,487  797  79  4,363  
20232,833  518  51  3,402  
20242,180  239  24  2,443  
Thereafter2,616  19   2,637  
Total$17,813  $3,265  $325  $21,403