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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 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

 

 -

 

3,403 

 

3,403 

Balance as of September 30, 2016

 

$      217,618

 

$     77,283

 

$     294,901



Carrying Value And Accumulated Amortization Of Identifiable Intangible Assets



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

As of

 

As of



 

September 30, 2016

 

December 31, 2015



 

Gross Carrying

 

Accumulated

 

Gross Carrying

 

Accumulated



 

Amount

 

Amortization

 

Amount

 

Amortization



 

 

 

 

 

 

 

 

Amortized intangible assets:

 

(In thousands)

Core deposit intangibles

 

$          27,801

 

$          23,609

 

$          27,801

 

$          23,269

Customer relationship intangibles

 

43,918 

 

29,591 

 

49,639 

 

34,922 

Non-solicitation intangibles

 

1,550 

 

849 

 

1,650 

 

1,042 

Total

 

$          73,269

 

$          54,049

 

$          79,090

 

$          59,233



 

 

 

 

 

 

 

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

Trade names

 

$               688

 

$                    -

 

$               688

 

$                    -



Aggregate amortization expense



 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

Three months ended

 

Nine months ended



 

September 30,

 

September 30,



 

2016

 

2015

 

2016

 

2015



 

 

 

 

 

 

 

 

Aggregate amortization expense for:

 

(In thousands)

Core deposit intangibles

 

$              112

 

$              120

 

$              340

 

$              366

Customer relationship intangibles

 

737 

 

754 

 

2,075 

 

2,376 

Non-solicitation intangibles

 

74 

 

75 

 

257 

 

300 

Total

 

$              923

 

$              949

 

$           2,672

 

$           3,042



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

 

$           2,852

 

$              282

 

$           3,585

For the year ending December 31, 2017

 

419 

 

2,669 

 

298 

 

3,386 

For the year ending December 31, 2018

 

390 

 

2,267 

 

281 

 

2,938 

For the year ending December 31, 2019

 

363 

 

1,916 

 

98 

 

2,377 

For the year ending December 31, 2020

 

340 

 

1,511 

 

 -

 

1,851