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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Change in the Carrying Value of Goodwill
The change in the carrying value of goodwill for the years ended December 31, 2020 and 2019 is summarized below for both the total Company and by the Company's reportable segments.
December 31,
(dollars in thousands)20202019
Consolidated
Carrying amount of goodwill at beginning of year$931,637 $503,434 
Additions related to acquisitions in current year— 430,497 
Fair value adjustments related to acquisitions in prior year(3,632)(2,294)
Carrying amount of goodwill at end of year$928,005 $931,637 
Banking Division
Carrying amount of goodwill at beginning of year$867,139 $438,144 
Additions related to acquisitions in current year— 430,497 
Fair value adjustments related to acquisitions in prior year(3,632)(1,502)
Carrying amount of goodwill at end of year$863,507 $867,139 
Premium Finance Division
Carrying amount of goodwill at beginning of year$64,498 $65,290 
Fair value adjustments related to acquisitions in prior year— (792)
Carrying amount of goodwill at end of year$64,498 $64,498 
Summary of Information Related to Acquired Intangible Assets
The following is a summary of information related to acquired intangible assets:
As of December 31, 2020As of December 31, 2019
(dollars in thousands)
Gross
Amount
Accumulated
Amortization
Gross
Amount
Accumulated
Amortization
Amortized intangible assets:
   Core deposit premiums$107,958 $50,829 $107,958 $34,220 
   Insurance agent relationships22,351 8,149 22,351 5,355 
   US Premium Finance trade name1,094 456 1,094 300 
   Non-compete agreement162 157 162 104 
$131,565 $59,591 $131,565 $39,979 
Estimated Amortization Expense
The estimated amortization expense for each of the next five years is as follows (in thousands):
2021$14,965 
202212,554 
202311,054 
20249,999 
20258,937 
Thereafter14,465 
$71,974