XML 48 R17.htm IDEA: XBRL DOCUMENT v3.20.1
GOODWILL AND INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2020
GOODWILL AND INTANGIBLE ASSETS  
GOODWILL AND INTANGIBLE ASSETS

Note 9 – Goodwill and Intangible Assets

At March 31, 2020 and December 31, 2019, goodwill totaled $172.8 million and $171.8 million.

The following table summarizes the carrying amount of goodwill by segment at March 31, 2020 and December 31, 2019.

​

​

​

​

​

​

​

​

​

​

March 31, 

​

December 31, 

(dollars in thousands)

​

2020

​

2019

Banking

    

$

157,158

    

$

156,120

Commercial FHA origination and servicing

​

​

10,892

​

​

10,892

Wealth management

​

 

4,746

​

 

4,746

Total goodwill

​

$

172,796

​

$

171,758

​

The Company’s intangible assets, consisting of core deposit and customer relationship intangibles, as of March 31, 2020 and December 31, 2019 are summarized as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

March 31, 2020

​

December 31, 2019

 

​

​

Gross

​

​

​

​

​

​

​

Gross

​

​

​

​

​

​

 

​

​

Carrying

​

Accumulated

​

​

​

​

Carrying

​

Accumulated

​

​

​

 

(dollars in thousands)

​

Amount

​

Amortization

​

Total

​

Amount

​

Amortization

​

Total

 

Core deposit intangibles

    

$

57,012

    

$

(32,131)

    

$

24,881

    

$

57,012

    

$

(30,674)

    

$

26,338

​

Customer relationship intangibles

​

 

14,071

​

 

(5,828)

​

 

8,243

​

 

14,071

​

 

(5,523)

​

 

8,548

​

Total intangible assets

​

$

71,083

​

$

(37,959)

​

$

33,124

​

$

71,083

​

$

(36,197)

​

$

34,886

​

​

Amortization of intangible assets was $1.8 million for both the three months ended March 31, 2020 and 2019.