GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

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

	2019		2018
	(Dollars in thousands)
Balances not subject to amortization
Goodwill	$	506,206	$	256,105
Balances subject to amortization
Core deposit intangibles	28,016		13,692
Other intangible assets	1,270		1,558
Total other intangible assets	29,286		15,250
Total goodwill and other intangible assets	$	535,492	$	271,355

 

Schedule of Goodwill

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

	2019		2018
	(Dollars in thousands)
Balance at beginning of year	$	256,105	$	231,806
Acquisitions	250,101		24,299
Balance at end of year	$	506,206	$	256,105

Schedule of Other Intangible Assets

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

	December 31
	2019							2018
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
	(Dollars in thousands)
Core deposit intangibles	$	45,245	$	(17,229	)	$	28,016	$	34,137	$	(20,445	)	$	13,692
Other intangible assets	3,338		(2,068		)	1,270		3,103		(1,545		)	1,558
Total	$	48,583	$	(19,297	)	$	29,286	$	37,240	$	(21,990	)	$	15,250

 

Schedule of Intangible Assets Estimated Annual Amortization Expense

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)
2020	$	6,179
2021	$	5,315
2022	$	4,539
2023	$	3,948
2024	$	3,162