Goodwill and other intangible assets

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets Disclosure

Goodwill And Other Intangible Assets

Note 15 – Goodwill and other intangible assetsGoodwill

There were no changes in the carrying amount of goodwill for the quarters and six months ended June 30, 2019 and 2018.

The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments:

June 30, 2019
	Balance at				Balance at		Balance at				Balance at
	January 1,		Accumulated		January 1,		June 30,		Accumulated		June 30,
	2019		impairment		2019		2019		impairment		2019
(In thousands)	(gross amounts)		losses		(net amounts)		(gross amounts)		losses		(net amounts)
Banco Popular de Puerto Rico	$	324,049	$	3,801	$	320,248	$	324,049	$	3,801	$	320,248
Popular U.S.		515,285		164,411		350,874		515,285		164,411		350,874
Total Popular, Inc.	$	839,334	$	168,212	$	671,122	$	839,334	$	168,212	$	671,122

December 31, 2018
	Balance at				Balance at		Balance at				Balance at
	January 1,		Accumulated		January 1,		December 31,		Accumulated		December 31,
	2018		impairment		2018		2018		impairment		2018
(In thousands)	(gross amounts)		losses		(net amounts)		(gross amounts)		losses		(net amounts)
Banco Popular de Puerto Rico	$	280,221	$	3,801	$	276,420	$	324,049	$	3,801	$	320,248
Popular U.S.		515,285		164,411		350,874		515,285		164,411		350,874
Total Popular, Inc.	$	795,506	$	168,212	$	627,294	$	839,334	$	168,212	$	671,122

Other Intangible Assets

At June 30, 2019 and December 31, 2018, the Corporation had $6.1 million of identifiable intangible assets with indefinite useful lives, mostly associated with the E-LOAN trademark.

The following table reflects the components of other intangible assets subject to amortization:

		Gross Carrying			Accumulated		Net Carrying
(In thousands)			Amount		Amortization		Value
June 30, 2019
	Core deposits	$	37,224	$	27,931	$	9,293
	Other customer relationships		36,644		28,621		8,023
	Trademark		488		89		399
Total other intangible assets		$	74,356	$	56,641	$	17,715
December 31, 2018
	Core deposits	$	37,224	$	26,070	$	11,154
	Other customer relationships		34,915		25,847		9,068
	Trademark		488		41		447
Total other intangible assets		$	72,627	$	51,958	$	20,669

During the quarter ended June 30, 2019, the Corporation recognized $ 2.4 million in amortization expense related to other intangible assets with definite useful lives (June 30, 2018 - $ 2.3 million). During the six months ended June 30, 2019, the Corporation recognized $ 4.7 million in amortization related to other intangible assets with definite useful lives (June 30, 2018 - $ 4.6 million).

The following table presents the estimated amortization of the intangible assets with definite useful lives for each of the following periods:

(In thousands)
Remaining 2019	$	4,687
Year 2020		5,410
Year 2021		2,600
Year 2022		1,724
Year 2023		1,684
Later years		1,610