Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2014

Goodwill And Other Intangible Assets

Goodwill and Other Intangible Assets

Note 10 – Goodwill and Other Intangible Assets

The following is a summary of the gross carrying amount and accumulated amortization of amortizable intangible assets as of June 30, 2014, December 31, 2013, and June 30, 2013 and the carrying amount of unamortized intangible assets as of those same dates.

	June 30, 2014				December 31, 2013				June 30, 2013
($ in thousands)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortizable intangible assets:
Customer lists	$	678		484		678		462		678		439
Core deposit premiums		8,560		6,308		8,560		5,942		8,560		5,525
Total	$	9,238		6,792		9,238		6,404		9,238		5,964
Unamortizable intangible assets:
Goodwill	$	65,835				65,835				65,835

Amortization expense totaled $194,000 and $220,000 for the three months ended June 30, 2014 and 2013, respectively. Amortization expense totaled $388,000 and $419,000 for the six months ended June 30, 2014 and 2013, respectively.

The following table presents the estimated amortization expense for the last two quarters of calendar year 2014 and for each of the four calendar years ending December 31, 2018 and the estimated amount amortizable thereafter. These estimates are subject to change in future periods to the extent management determines it is necessary to make adjustments to the carrying value or estimated useful lives of amortized intangible assets.

($ in thousands)	Estimated Amortization Expense
July 1 to December 31, 2014	$	388
2015		721
2016		654
2017		404
2018		129
Thereafter		150
Total	$	2,446