Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2011

Goodwill and Other Intangible Assets [Abstract]

(10)	Goodwill and other Intangible Assets

A summary of goodwill is as follows:

(In thousands)
January 1, 2011		114,841
Goodwill resulting from acquisitions		17,188
December 31, 2011	$	132,029

January 1, 2010		114,938
Goodwill resulting from acquisitions		-
Goodwill reclassification		(97	)
December 31, 2010	$	114,841

The Company has intangible assets with definite useful lives capitalized on its consolidated balance sheet in the form of core deposit and other identified intangible assets. These intangible assets are amortized over their estimated useful lives, which range primarily from one to twelve years.

A summary of core deposit and other intangible assets follows:

	December 31,
(In thousands)	2011		2010
Core deposit intangibles
Gross carrying amount	$	11,966	$	10,762
Less: accumulated amortization		6,401		5,517
Net carrying amount		5,565		5,245

Identified intangible assets
Gross carrying amount		20,919		18,556
Less: accumulated amortization		8,290		6,259
Net carrying amount		12,629		12,297

Total intangibles
Gross carrying amount		32,885		29,318
Less: accumulated amortization		14,691		11,776
Net carrying amount	$	18,194	$	17,542

Amortization expense on intangible assets with definite useful lives totaled $3.0 million for 2011, $3.1 million for 2010 and $3.2 million for 2009. Amortization expense on intangible assets with definite useful lives is expected to total $3.2 million for 2012, $3.0 million for 2013, $2.8 million for 2014, $2.6 million for 2015, $1.6 million for 2016 and $3.0 million thereafter. Identified intangible assets include customer lists, non-competes, and trademark intangibles. The Company also has $2.0 million in intangible assets that will not amortize.

- 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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