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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Other Intangible Assets and Related Amortization

The carrying value of intangible assets subject to amortization was as follows:

 

     December 31, 2015  
(in thousands)    Purchase
Value
     Accumulated
Amortization
     Carrying
Value
 

Core deposit intangibles

   $ 190,655       $ 97,026       $ 93,629   

Credit card and trust relationships

     22,400         12,735         9,665   

Trade name

     11,722         11,722         —     

Merchant processing relationships

     10,000         5,756         4,244   
  

 

 

    

 

 

    

 

 

 
   $ 234,777       $ 127,239       $ 107,538   
  

 

 

    

 

 

    

 

 

 

 

     December 31, 2014  
(in thousands)    Purchase
Value
     Accumulated
Amortization
     Carrying
Value
 

Core deposit intangibles

   $ 198,002       $ 85,254       $ 112,748   

Credit card and trust relationships

     22,400         10,366         12,034   

Non-compete agreements

     400         400         —     

Trade name

     11,722         9,334         2,388   

Merchant processing relationships

     10,000         4,360         5,640   
  

 

 

    

 

 

    

 

 

 
   $ 242,524       $ 109,714       $ 132,810   
  

 

 

    

 

 

    

 

 

 

 

     Years Ended December 31,  
(in thousands)    2015      2014      2013  

Aggregate amortization expense for:

        

Core deposit intangibles

   $ 18,031       $ 19,897       $ 21,905   

Credit card and trust relationships

     2,369         2,566         2,819   

Value of insurance business acquired

     —           34         148   

Non-compete agreements

     —           100         200   

Trade name

     2,388         2,605         2,605   

Merchant processing relationships

     1,396         1,595         1,793   
  

 

 

    

 

 

    

 

 

 
   $ 24,184       $ 26,797       $ 29,470   
  

 

 

    

 

 

    

 

 

 
Estimated Amortization Expense of Other Intangible Assets

The following table shows estimated amortization expense of other intangible assets for the five succeeding years and thereafter, calculated based on current amortization schedules (in thousands):

 

2016

   $ 19,782   

2017

     17,814   

2018

     15,842   

2019

     13,328   

2020

     10,529   

Thereafter

     30,243   
  

 

 

 
   $ 107,538