Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and other intangible assets are presented in the tables below. During 2014, we recorded goodwill totaling $118.0 million and a core deposit intangible asset totaling $9.3 million in connection with the acquisition of WNB. During 2016, we recorded goodwill totaling $284 thousand and other intangible assets totaling $405 thousand in connection with an insurance acquisition. See Note 2 - Mergers and Acquisitions.

Goodwill. Year-end goodwill was as follows:



	2016		2015
Goodwill	$	654,952	$	654,668

Other Intangible Assets. Year-end other intangible assets were as follows:



	Gross Intangible Assets		Accumulated Amortization			Net Intangible Assets
2016
Core deposits	$	9,300	$	(4,002	)	$	5,298
Customer relationships	6,102		(4,692		)	1,410
Non-compete agreements	74		(6		)	68
	$	15,476	$	(8,700	)	$	6,776
2015
Core deposits	$	39,410	$	(32,324	)	$	7,086
Customer relationships	5,771		(4,214		)	1,557
Non-compete agreements	725		(568		)	157
	$	45,906	$	(37,106	)	$	8,800

Other intangible assets are amortized on an accelerated basis over their estimated lives, which range from 5 to 10 years. Amortization expense related to intangible assets totaled $2.4 million in 2016, $3.3 million in 2015, and $3.5 million in 2014. The estimated aggregate future amortization expense for intangible assets remaining as of December 31, 2016 is as follows:



2017	$	1,703
2018	1,424
2019	1,167
2020	918
2021	697
Thereafter	867
	$	6,776

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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