INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2014

INTANGIBLE ASSETS [Abstract]

INTANGIBLE ASSETS

NOTE 7 – INTANGIBLE ASSETS

Intangible assets, net of amortization, at December 31 follows:

	2014				2013
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
	(In thousands)
Amortized intangible assets - core deposits	$	6,118	$	3,491	$	11,037	$	7,874

Intangible amortization expense was $0.5 million, $0.8 million and $1.1 million in 2014, 2013 and 2012, respectively.  During 2014, a core deposit intangible acquired in 2004 with an original balance of $4.9 million became fully amortized and was removed from the table above.  In addition, $12.7 million of core deposit balances at December 31, 2013 that had been fully amortized at that date have been removed from the table above.

A summary of estimated core deposit intangible amortization at December 31, 2014, follows:

	(In thousands)
2015	$	347
2016		347
2017		346
2018		346
2019		346
2020 and thereafter		895
Total	$	2,627