GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

The following table sets forth the carrying value of goodwill and other intangible assets, net of accumulated amortization, at December 31:



	2012		2011
	(Dollars in thousands)
Balances not subject to amortization:
Goodwill(1)	$	150,391	$	130,074
Balances subject to amortization:
Core deposit intangibles	10,328		9,660
Other identifiable intangible assets	1,425		988
Total other intangible assets	11,753		10,648
Total goodwill and other intangible assets	$	162,144	$	140,722


(1)	Approximately $38.3 million and $39.5 million is expected to be deductible for tax purposes at December 31, 2012 and 2011, respectively.

The changes in the carrying value of goodwill for the periods indicated were as follows:



	2012			2011		2010
	(Dollars in thousands)
Balance at beginning of year	$	130,074		$	129,617	$	129,348
Central acquisition	22,544			—		—
Impairment (1)	(2,227		)	—		—
Earn out payments from prior acquisitions	—			457		269
Balance at end of year	$	150,391		$	130,074	$	129,617


(1)	Amount represents the total amount of goodwill relating to Compass Exchange Advisors, LLC, which was acquired in January 2007.

The gross carrying amount and accumulated amortization of other intangible assets were as follows at the periods indicated:



	2012							2011
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(Dollars in thousands)
Core deposits	$	17,537	$	(7,209	)	$	10,328	$	17,638	$	(7,978	)	$	9,660
Other intangible assets	1,960		(535		)	1,425		1,330		(342		)	988
Total	$	19,497	$	(7,744	)	$	11,753	$	18,968	$	(8,320	)	$	10,648

Amortization of intangible assets for 2012 and 2011, were $1.7 million, for both periods and for 2010 was $2.0 million, respectively.

The following table sets forth the estimated annual amortization expense of intangible assets for each of the next five years:



Year	Amount
	(Dollars in thousands)
2013	$	2,109
2014	$	2,076
2015	$	1,914
2016	$	1,821
2017	$	1,800

The original weighted average amortization period for intangible assets is 9.9 years.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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