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Goodwill and Other Intangibles
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangibles
Goodwill and Other Intangibles
 
The following table presents activity in the Corporation's goodwill by its reporting units and finite-lived and indefinite-lived intangible assets, other than MSRs, for the three months ended June 30, 2018:
(dollars in thousands)
Balance
December 31, 2017
 
Additions
 
Adjustments
 
Amortization
 
Balance
June 30, 2018
 
Amortization
Period
Goodwill – Wealth
$
20,412

 
$

 
$

 
$

 
$
20,412

 
Indefinite
Goodwill – Banking
153,545

 

 
2,596

 

 
156,141

 
Indefinite
Goodwill – Insurance
5,932

 
677

 

 

 
6,609

 
Indefinite
Total Goodwill
$
179,889

 
$
677

 
$
2,596

 
$

 
$
183,162

 
 
Core deposit intangible
$
7,380

 
$

 
$

 
$
(742
)
 
$
6,638

 
10 years
Customer relationships
14,173

 
779

 

 
(833
)
 
14,119

 
10 to 20 years
Non-compete agreements
1,319

 

 

 
(121
)
 
1,198

 
5 to 10 years
Trade name
2,322

 

 

 
(32
)
 
2,290

 
3 years to Indefinite
Domain name
151

 

 

 

 
151

 
Indefinite
Favorable lease assets
621

 

 

 
(40
)
 
581

 
1 to 16 years
Total Intangible Assets
$
25,966

 
$
779

 
$

 
$
(1,768
)
 
$
24,977

 
 
Total Goodwill and Intangible Assets
$
205,855

 
$
1,456

 
$
2,596

 
$
(1,768
)
 
$
208,139

 
 

 

Management conducted its annual impairment tests for goodwill and indefinite-lived intangible assets as of October 31, 2017 using generally accepted valuation methods. Management determined that no impairment of goodwill or indefinite-lived intangible assets was identified as a result of the annual impairment analyses. Future impairment testing will be conducted each October 31, unless a triggering event occurs in the interim that would suggest possible impairment, in which case it would be tested as of the date of the triggering event. For the eight months ended June 30, 2018, management determined there were no events that would necessitate impairment testing of goodwill or indefinite-lived intangible assets.