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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
Goodwill Carrying Amounts by Operating Segment



 

 

 

 

 

 



 

2016



 

Community

 

Insurance

 

 



 

Banking

 

Agencies

 

Total



 

(In thousands)

Balance as of January 1, 2016

 

$          217,618

 

$          73,880

 

$            291,498

Goodwill recorded during the year

 

 -

 

9,300 

 

9,300 

Balance as of December 31, 2016

 

$          217,618

 

$          83,180

 

$            300,798







 

 

 

 

 

 



 

2015



 

Community

 

Insurance

 

 



 

Banking

 

Agencies

 

Total



 

(In thousands)

Balance as of January 1, 2015

 

$          217,618

 

$          73,880

 

$            291,498

Goodwill recorded during the year

 

 -

 

 -

 

 -

Balance as of December 31, 2015

 

$          217,618

 

$          73,880

 

$            291,498



Carrying Value and Accumulated Amortization of Identifiable Intangible Assets



 

 

 

 

 

 

 

 



 

 

 

 



 

December 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

 

$            23,721

 

$                27,801

 

$            23,269

Customer relationship intangibles

 

46,568 

 

30,406 

 

49,639 

 

34,922 

Non-solicitation intangibles

 

1,850 

 

886 

 

1,650 

 

1,042 

Total

 

$                76,219

 

$            55,013

 

$                79,090

 

$            59,233



 

 

 

 

 

 

 

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

Trade names

 

$                     688

 

$                      -

 

$                     688

 

$                      -



Aggregate Amortization Expense



 

 

 

 

 

 



 

Year Ended



 

December 31,



 

2016

 

2015

 

2014

Aggregate amortization expense for:

 

(In thousands)

Core deposit intangibles

 

$                    452

 

$                487

 

$                    526

Customer relationship intangibles

 

2,890 

 

3,101 

 

3,492 

Non-solicitation intangibles

 

294 

 

375 

 

425 

Total

 

$                 3,636

 

$             3,963

 

$                 4,443



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, 2017

 

$             419

 

$          3,147

 

$              448

 

$       4,014

For the year ending December 31, 2018

 

390 

 

2,696 

 

419 

 

3,505 

For the year ending December 31, 2019

 

363 

 

2,298 

 

97 

 

2,758 

For the year ending December 31, 2020

 

340 

 

1,844 

 

 -

 

2,184 

For the year ending December 31, 2021

 

251 

 

1,591 

 

 -

 

1,842