Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

The following table presents the carrying value for goodwill allocated by segments:



	Reportable Segment
(In thousands)	Community Banking		HSA Bank		Total
Balance at January 1, 2015	$	516,560	$	13,327	$	529,887
Goodwill acquired	—		8,486		8,486
Balance at June 30, 2015	$	516,560	$	21,813	$	538,373

The $8.5 million of goodwill arising from the acquisition is attributable primarily to expected synergies of the business combination. The full amount of goodwill recorded in the current period is expected to be deductible for income tax purposes.

The gross carrying amount and accumulated amortization of core deposit intangibles ("CDI") and customer relationships included in the reportable segments are as follows:



	At June 30, 2015							At December 31, 2014
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Community Banking CDI	$	49,420	$	(47,516	)	$	1,904	$	49,420	$	(46,754	)	$	2,666
HSA Bank:
CDI	22,000		(1,628		)	20,372		—		—			—
Customer relationships	21,000		(741		)	20,259		—		—			—
Total HSA Bank	43,000		(2,369		)	40,631		—		—			—
Total other intangible assets	$	92,420	$	(49,885	)	$	42,535	$	49,420	$	(46,754	)	$	2,666

For the six months ended June 30, 2015, $43.0 million of intangibles were added as a result of the acquisition at fair value, including $22.0 million of core deposit intangible assets with an estimated useful life of 9 years and $21.0 million of customer relationship intangible assets with an estimated useful life of 13 years.

Amortization expense on intangible assets for the three and six months ended June 30, 2015 and 2014 totaled $1.8 million and $3.1 million and $0.7 million and $1.8 million, respectively.

At June 30, 2015, the remaining estimated aggregate future amortization expense for intangible assets is as follows:



(In thousands)
Remainder of 2015	$	3,210
2016	5,652
2017	4,062
2018	3,847
2019	3,847
Thereafter	21,917

- 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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