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Goodwill and Acquired Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired intangible assets consist of core deposit intangibles
Acquired intangible assets consist of core deposit intangibles ("CDI"), which are intangible assets arising from the purchase of deposits separately or from the acquistions of BANKshares in 2014 and Grand BANKshares in 2015. The change in balance for CDI is as follows:
 
 
 
2015
 
2014
 
2013
 
 
 
(In thousands)
 
Beginning of year
 
$
7,454
 
$
718
 
$
1,501
 
Acquired CDI
 
 
2,564
 
 
7,769
 
 
0
 
Amortization expense
 
 
(1,424)
 
 
(1,033)
 
 
(783)
 
End of year
 
$
8,594
 
$
7,454
 
$
718
 
Gross Carrying Amount and Accumulated Amortization of Intangible Asset
The gross carrying amount and accumulated amortization of the Company's intangible asset subject to amortization at December 31 is presented below.
 
 
 
2015
 
2014
 
 
 
Gross
 
 
 
Gross
 
 
 
 
 
Carrying
 
Accumulated
 
Carrying
 
Accumulated
 
 
 
Amount
 
Amortization
 
Amount
 
Amortization
 
 
 
(In thousands)
 
Deposit base
 
$
19,827
 
$
(11,233)
 
$
17,263
 
$
(9,809)
 
 
 
$
19,827
 
$
(11,233)
 
$
17,263
 
$
(9,809)