Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Note 17—Goodwill and Other Intangible Assets

The carrying amount of goodwill was $1.0 billion at June 30, 2019. Our other intangible assets, consisting of core deposit intangibles, noncompete intangibles, and client list intangibles are included on the face of the balance sheet. The following is a summary of gross carrying amounts and accumulated amortization of other intangible assets:

	June 30,		December 31,		June 30,
(Dollars in thousands)	2019		2018		2018
Gross carrying amount	$	119,501	$	121,736	$	121,736
Accumulated amortization		(63,150)		(58,836)		(51,761)
	$	56,351	$	62,900	$	69,975

Amortization expense totaled $3.3 million and $6.5 million for the three and six months ended June 30, 2019, respectively, compared to $3.7 million and $7.1 million for the three and six months ended June 30, 2018, respectively.  Other intangibles are amortized using either the straight-line method or an accelerated basis over their estimated useful lives, with lives generally between two and 15 years.  Estimated amortization expense for other intangibles for each of the next five quarters is as follows:

(Dollars in thousands)
Quarter ending:
September 30, 2019	$	3,268
December 31, 2019		3,267
March 31, 2020		3,007
June 30, 2020		2,995
September 30, 2020		2,945
Thereafter		40,869
	$	56,351