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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2020
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedule of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Weighted-

    

 

    

 

 

    

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

Gross

 

 

 

 

Net

 

 

Amortization

 

Intangible

 

Accumulated

 

Intangible

(Dollars in thousands)

 

Period

 

Assets

 

Amortization

 

Assets

March 31, 2020

 

 

 

 

  

 

 

  

 

 

  

Core deposits

 

3.9 years

 

$

13,750

 

$

(13,069)

 

$

681

Customer relationships

 

8.8 years

 

 

6,629

 

 

(2,762)

 

 

3,867

Servicing assets

 

11.2 years

 

 

341

 

 

(189)

 

 

152

Total other intangible assets, net

 

 

 

$

20,720

 

$

(16,020)

 

$

4,700

December 31, 2019

 

 

 

 

  

 

 

  

 

 

  

Core deposits

 

4.2 years

 

$

13,750

 

$

(12,979)

 

$

771

Customer relationships

 

9.0 years

 

 

6,629

 

 

(2,651)

 

 

3,978

Servicing assets

 

12.8 years

 

 

368

 

 

(179)

 

 

189

Total other intangible assets, net

 

 

 

$

20,747

 

$

(15,809)

 

$

4,938

 

Schedule of changes in related servicing assets

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

(Dollars in thousands)

    

2020

    

2019

Balance at beginning of year

 

$

189

 

$

166

Increase from loan sales

 

 

 9

 

 

14

Decrease from serviced loans paid off or foreclosed

 

 

(26)

 

 

(19)

Amortization

 

 

(20)

 

 

(8)

Balance at end of period

 

$

152

 

$

153