Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

There has been no change during 2020 in the carrying amounts for goodwill. For additional information on goodwill refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2019.

Other intangible assets by reportable segment consisted of the following:

	At September 30, 2020						At December 31, 2019
(In thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
HSA Bank - Core deposits	$	26,625	$	14,875	$	11,750	$	22,000	$	13,073	$	8,927
HSA Bank - Customer relationships	21,000		9,221		11,779		21,000		8,010		12,990
Total other intangible assets	$	47,625	$	24,096	$	23,529	$	43,000	$	21,083	$	21,917

The change in gross carrying amount for core deposits resulted from the HSA division of Webster Bank completing an asset purchase of low cost, long duration, health savings account deposits, on July 30, 2020. The transaction gave rise to the recognition of a core deposit intangible asset, recorded at fair value, with an estimated useful life of 9 years.

At September 30, 2020, the remaining estimated aggregate future amortization expense for other intangible assets is as follows:

(In thousands)
Remainder of 2020	$	1,146
2021	4,513
2022	4,411
2023	4,315
2024	2,084
Thereafter	7,060