Intangible Assets

6 Months Ended

Jun. 30, 2018

7.	Intangible Assets

The following table summarizes intangible assets, net of amortization:

	June 30, 2018				December 31, 2017
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(In thousands)

Amortized intangible assets - core deposits	$	11,916	$	4,912	$	6,118	$	4,532
Unamortized intangible assets - goodwill	$	29,012			$	-

The $5.8 million and $29.0 million increases in the gross carrying amount of core deposit intangibles and goodwill, respectively are the result of our acquisition of TCSB (see note #16). There is no expected residual value relating to the core deposit intangible asset which is expected to be amortized over a period of 10 years (weighted average of 5.2 years).

Amortization of other intangibles has been estimated through 2022 in the following table.

	(In thousands)

Six months ending December 31, 2018	$	588
2019		1,089
2020		1,020
2021		970
2022		785
2023 and thereafter		2,552
Total	$	7,004

Changes in the carrying amount of goodwill for the six month period ending June 30, 2018 follows:

	(In thousands)

Balance at beginning of year	$	-
Acquired during the year		29,012
Balance at end of the period	$	29,012