XML 41 R30.htm IDEA: XBRL DOCUMENT v3.7.0.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2017
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
Goodwill Carrying Amounts By Operating Segment



 

 

 

 

 

 



 

 

 

 

 

 



 

Community

 

Insurance

 

 



 

Banking

 

Agencies

 

Total



 

(In thousands)

Balance as of December 31, 2016

 

$      217,618

 

$     83,180

 

$     300,798

Goodwill recorded during the period

 

 -

 

 -

 

 -

Balance as of June 30, 2017

 

$      217,618

 

$     83,180

 

$     300,798



Aggregate amortization expense







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

As of

 

As of



 

June 30, 2017

 

December 31, 2016



 

Gross Carrying

 

Accumulated

 

Gross Carrying

 

Accumulated



 

Amount

 

Amortization

 

Amount

 

Amortization

Amortized intangible assets:

 

(In thousands)

Core deposit intangibles

 

$          27,801

 

$          23,932

 

$          27,801

 

$          23,721

Customer relationship intangibles

 

45,758 

 

$          31,201

 

46,568 

 

30,406 

Non-solicitation intangibles

 

1,650 

 

$               910

 

1,850 

 

886 

Total

 

$          75,209

 

$          56,043

 

$          76,219

 

$          55,013



 

 

 

 

 

 

 

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

Trade names

 

$               688

 

$                    -

 

$               688

 

$                    -







 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 



 

Three months ended

 

Six months ended



 

June 30,

 

June 30,



 

2017

 

2016

 

2017

 

2016



 

 

 

 

 

 

 

 

Aggregate amortization expense for:

 

(In thousands)

Core deposit intangibles

 

$              103

 

$              111

 

$              211

 

$              228

Customer relationship intangibles

 

795 

 

700 

 

1,605 

 

1,338 

Non-solicitation intangibles

 

112 

 

58 

 

224 

 

183 

Total

 

$           1,010

 

$              869

 

$           2,040

 

$           1,749



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, 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 

 

2,330 

 

97 

 

2,790 

For the year ending December 31, 2020

 

340 

 

2,014 

 

 -

 

2,354 

For the year ending December 31, 2021

 

251 

 

1,591 

 

 -

 

1,842