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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Change in the Carrying Value of Goodwill
The change in the carrying value of goodwill is summarized below:
 
 
 
December 31,
 
 
 
2016
 
2015
 
 
 
(dollars in thousands)
 
Carrying amount of goodwill at beginning of year
 
$
90,082
 
$
63,547
 
Additions related to acquisitions in current year
 
 
35,485
 
 
25,880
 
Fair value adjustments related to acquisitions in prior year
 
 
(35)
 
 
655
 
Carrying amount of goodwill at end of year
 
$
125,532
 
$
90,082
 
Summary of Information Related to Acquired Intangible Assets
Following is a summary of information related to acquired intangible assets:
 
 
 
As of December 31, 2016
 
As of December 31, 2015
 
 
 
Gross
Amount
 
Accumulated
Amortization
 
Gross
Amount
 
Accumulated
Amortization
 
 
 
(dollars in thousands)
 
Amortized intangible assets - core deposit premiums
 
$
26,250
 
$
8,822
 
$
21,504
 
$
4,446
 
Estimated Amortization Expense
The estimated amortization expense for each of the next five years is as follows (in thousands):
 
2017
 
$
3,932
 
2018
 
 
3,697
 
2019
 
 
3,622
 
2020
 
 
2,915
 
2021
 
 
1,691
 
Thereafter
 
 
1,571
 
 
 
$
17,428