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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Sep. 30, 2014
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
Goodwill Carrying Amounts By Operating Segment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Community

 

Insurance

 

 

 

 

Banking

 

Agencies

 

Total

 

 

 

 

 

 

 

 

 

(In thousands)

Balance as of December 31, 2013

 

$      217,618

 

$     69,182

 

$     286,800

Goodwill recorded during the period

 

 -

 

4,698 

 

4,698 

Balance as of September 30, 2014

 

$      217,618

 

$     73,880

 

$     291,498

 

Carrying Value And Accumulated Amortization Of Identifiable Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

As of

 

 

September 30, 2014

 

December 31, 2013

 

 

Gross Carrying

 

Accumulated

 

Gross Carrying

 

Accumulated

 

 

Amount

 

Amortization

 

Amount

 

Amortization

 

 

 

 

 

 

 

 

 

Amortized intangible assets:

 

(In thousands)

Core deposit intangibles

 

$          27,801

 

$          22,653

 

$          27,801

 

$          22,256

Customer relationship intangibles

 

49,639 

 

$          30,951

 

46,967 

 

28,329 

Non-solicitation intangibles

 

1,650 

 

$               555

 

1,450 

 

242 

Total

 

$          79,090

 

$          54,159

 

$          76,218

 

$          50,827

 

 

 

 

 

 

 

 

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

Trade names

 

$               688

 

$                    -

 

$               688

 

$                    -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended

 

Nine months ended

 

 

September 30,

 

September 30,

 

 

2014

 

2013

 

2014

 

2013

 

 

 

 

 

 

 

 

 

Aggregate amortization expense for:

 

(In thousands)

Core deposit intangibles

 

$              130

 

$              141

 

$              397

 

$              441

Customer relationship intangibles

 

883 

 

507 

 

2,622 

 

1,597 

Non-solicitation intangibles

 

113 

 

38 

 

313 

 

113 

Total

 

$           1,126

 

$              686

 

$           3,332

 

$           2,151

 

Future Estimated Amortization Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer

 

Non-

 

 

 

 

Core Deposit

 

Relationship

 

Solicitation

 

 

 

 

Intangibles

 

Intangibles

 

Intangibles

 

Total

 

 

 

 

 

 

 

 

 

Estimated Amortization Expense:

 

(In thousands)

For year ending December 31, 2014

 

$              526

 

$           3,492

 

$              425

 

$           4,443

For year ending December 31, 2015

 

487 

 

3,134 

 

375 

 

3,996 

For year ending December 31, 2016

 

451 

 

2,673 

 

225 

 

3,349 

For year ending December 31, 2017

 

419 

 

2,380 

 

200 

 

2,999 

For year ending December 31, 2018

 

390 

 

2,009 

 

183 

 

2,582