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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2014
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
Goodwill Carrying Amounts by Operating Segment

 

 

 

 

 

 

 

 

 

2014

 

 

Community

 

Insurance

 

 

 

 

Banking

 

Agencies

 

Total

 

 

(In thousands)

Balance as of January 1, 2014

 

$          217,618

 

$          69,182

 

$            286,800

Goodwill recorded during the year

 

 -

 

4,698 

 

4,698 

Balance as of December 31, 2014

 

$          217,618

 

$          73,880

 

$            291,498

 

 

 

 

 

 

 

 

 

 

 

2013

 

 

Community

 

Insurance

 

 

 

 

Banking

 

Agencies

 

Total

 

 

(In thousands)

Balance as of January 1, 2013

 

$          217,618

 

$          57,555

 

$            275,173

Goodwill recorded during the year

 

 -

 

11,627 

 

11,627 

Balance as of December 31, 2013

 

$          217,618

 

$          69,182

 

$            286,800

 

Carrying Value and Accumulated Amortization of Identifiable Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

December 31, 2013

 

 

Gross Carrying

 

Accumulated

 

Gross Carrying

 

Accumulated

 

 

Amount

 

Amortization

 

Amount

 

Amortization

Amortized intangible assets:

 

(In thousands)

Core deposit intangibles

 

$                27,801

 

$            22,782

 

$                27,801

 

$            22,256

Customer relationship intangibles

 

49,639 

 

31,821 

 

46,967 

 

28,329 

Non-solicitation intangibles

 

1,650 

 

667 

 

1,450 

 

242 

Total

 

$                79,090

 

$            55,270

 

$                76,218

 

$            50,827

 

 

 

 

 

 

 

 

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

Trade names

 

$                     688

 

$                      -

 

$                     688

 

$                      -

 

Aggregate Amortization Expense

 

 

 

 

 

 

 

 

 

Year Ended

 

 

December 31,

 

 

2014

 

2013

 

2012

Aggregate amortization expense for:

 

(In thousands)

Core deposit intangibles

 

$                    526

 

$                582

 

$                    946

Customer relationship intangibles

 

3,492 

 

2,231 

 

2,163 

Non-solicitation intangibles

 

425 

 

166 

 

113 

Total

 

$                 4,443

 

$             2,979

 

$                 3,222

 

Future Estimated Amortization Expense

 

 

 

 

 

 

 

 

 

 

 

Core

 

Customer

 

Non-

 

 

 

 

Deposit

 

Relationship

 

Solicitation

 

 

 

 

Intangibles

 

Intangibles

 

Intangibles

 

Total

Estimated amortization expense:

 

(In thousands)

 

 

 

 

 

 

 

 

 

For the year ending December 31, 2015

 

487 

 

3,134 

 

375 

 

3,996 

For the year ending December 31, 2016

 

451 

 

2,673 

 

225 

 

3,349 

For the year ending December 31, 2017

 

419 

 

2,380 

 

200 

 

2,999 

For the year ending December 31, 2018

 

390 

 

2,009 

 

183 

 

2,582 

For the year ending December 31, 2019

 

363 

 

1,689 

 

 -

 

2,052