Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Goodwill

Goodwill at both March 31, 2021 and December 31, 2020 was $142.7 million, which was a result of revenue generating synergies expected from our acquisition of SVB Leerink in 2019 as well as our acquisition of WestRiver Group's debt fund business in December 2020.

Other Intangible Assets

The components of net other intangible assets were as follows:

	March 31, 2021						December 31, 2020
(Dollars in thousands)	Gross Amount		Accumulated Amortization		Net Carrying Amount		Gross Amount		Accumulated Amortization		Net Carrying Amount
Other intangible assets:
Customer relationships	$	42,000	$	8,591	$	33,409	$	42,000	$	7,636	$	34,364
Other	36,300		10,384		25,916		36,300		9,229		27,071
Total other intangible assets	$	78,300	$	18,975	$	59,325	$	78,300	$	16,865	$	61,435

For the three months ended March 31, 2021, we recorded amortization expense of $2.1 million. Assuming no future impairments of other intangible assets or additional acquisitions or dispositions, the following table presents the Company's future expected amortization expense for other intangible assets that will continue to be amortized as of March 31, 2021:

Years ended December 31, (Dollars in thousands)	Other Intangible Assets
2021 (excluding the three months ended March 31, 2021)	$	6,107
2022	8,141
2023	8,141
2024	8,141
2025	6,900
2026 and thereafter	21,895
Total future amortization expense	$	59,325