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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS  
Schedules of changes in carrying value of goodwill

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2019

    

2018

 

 

(in thousands)

 

 

 

 

 

 

 

Balance, beginning of year

    

$

70,088

 

$

13,365

Goodwill acquired - Coastway

 

 

 —

 

 

56,396

Goodwill acquired - Cumberland Mortgage

 

 

 —

 

 

327

Measurement period fair value adjustments

 

 

(286)

 

 

 —

Balance, end of year

 

$

69,802

 

$

70,088

 

 

 

 

 

 

 

 

Schedule of intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 

 

 

2019

 

2018

 

 

(in thousands)

 

 

 

 

 

 

 

Gross amount of CDI:

 

 

 

 

 

 

Balance, beginning of year

 

$

8,952

 

$

 —

Additions due to acquisitions

 

 

 —

 

 

8,952

Balance, end of year

 

 

8,952

 

 

8,952

Accumulated amortization:

 

 

 

 

 

 

Balance, beginning of year

 

 

(618)

 

 

 —

Amortization

 

 

(2,299)

 

 

(618)

Balance, end of year

 

 

(2,917)

 

 

(618)

Net CDI, end of year

 

$

6,035

 

$

8,334