Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

The following table presents gross carrying value and accumulated amortization by major intangible asset class as of September 30, 2015 and December 31, 2014 (in thousands):

	September 30, 2015				December 31, 2014
	Gross Carrying Value		Accumulated Amortization		Gross Carrying Value		Accumulated Amortization
Goodwill not subject to amortization (effective 1/1/02)	$	43,528	$	3,760	$	29,513	$	3,760
Intangibles from branch acquisition	3,015		3,015		3,015		3,015
Core deposit intangibles	15,202		7,608		8,986		7,142
Other Intangibles	1,904		1,904		1,904		1,904
	$	63,649	$	16,287	$	43,418	$	15,821

Reconciliation of purchase price to goodwill recorded [Table Text Block]

The following table provides a reconciliation of the purchase price paid for the Branches and the amount of goodwill recorded (in thousands):

Purchase price				$	15,892
Less purchase accounting adjustments:
Fair value of loans	$	3,377
Fair value of premises and equipment	125
Fair value of time deposits	837
Core deposit intangible	(6,216		)
				(1,877		)
Resulting goodwill from acquisition				$	14,015

Schedule of Intangible Assets Amortization Expense [Table Text Block]

Total amortization expense for the nine months ended September 30, 2015 and 2014 was as follows (in thousands):

	September 30,
	2015		2014
Intangibles from branch acquisition	$	—	$	—
Core deposit intangibles	466		487
Other Intangibles	—		—
	$	466	$	487

Schedule of Expected Amortization Expense [Table Text Block]

Aggregate amortization expense for the current year and estimated amortization expense for each of the five succeeding years is shown in the table below (in thousands):

Aggregate amortization expense:
For period 01/01/15-09/30/15	$	466
Estimated amortization expense:
For period 10/01/15-12/31/15	$	410
For year ended 12/31/16	$	1,389
For year ended 12/31/17	$	1,139
For year ended 12/31/18	$	1,010
For year ended 12/31/19	$	896
For year ended 12/31/20	$	750