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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2016
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
Goodwill Carrying Amounts By Operating Segment



 

 

 

 

 

 



 

 

 

 

 

 



 

Community

 

Insurance

 

 



 

Banking

 

Agencies

 

Total



 

 

 

 

 

 



 

(In thousands)

Balance as of December 31, 2015

 

$      217,618

 

$     73,880

 

$     291,498

Goodwill recorded during the period

 

 -

 

 -

 

 -

Balance as of March 31, 2016

 

$      217,618

 

$     73,880

 

$     291,498



Carrying Value And Accumulated Amortization Of Identifiable Intangible Assets



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 





 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

Three months ended

 

 

 

 



 

March 31,

 

 

 

 



 

2016

 

2015

 

 

 

 



 

 

 

 

 

 

 

 

Aggregate amortization expense for:

 

(In thousands)

 

 

 

 

Core deposit intangibles

 

$              117

 

$                93

 

 

 

 

Customer relationship intangibles

 

638 

 

826 

 

 

 

 

Non-solicitation intangibles

 

125 

 

113 

 

 

 

 

Total

 

$              880

 

$           1,032

 

 

 

 



Aggregate amortization expense



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

As of

 

As of



 

March 31, 2016

 

December 31, 2015



 

Gross Carrying

 

Accumulated

 

Gross Carrying

 

Accumulated



 

Amount

 

Amortization

 

Amount

 

Amortization



 

 

 

 

 

 

 

 

Amortized intangible assets:

 

(In thousands)

Core deposit intangibles

 

$          27,801

 

$          23,386

 

$          27,801

 

$          23,269

Customer relationship intangibles

 

42,232 

 

$          28,154

 

49,639 

 

34,922 

Non-solicitation intangibles

 

1,200 

 

$               717

 

1,650 

 

1,042 

Total

 

$          71,233

 

$          52,257

 

$          79,090

 

$          59,233



 

 

 

 

 

 

 

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

Trade names

 

$               688

 

$                    -

 

$               688

 

$                    -



Future Estimated Amortization Expense



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

 

 

Customer

 

Non-

 

 



 

Core Deposit

 

Relationship

 

Solicitation

 

 



 

Intangibles

 

Intangibles

 

Intangibles

 

Total



 

 

 

 

 

 

 

 

Estimated Amortization Expense:

 

(In thousands)

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 

For the year ending December 31, 2020

 

340 

 

1,314 

 

 -

 

1,654