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.