Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following tables detail the changes in carrying value of goodwill by segment during the years ended December 31, 2018 and 2017.

	As of December 31, 2017		Divestitures			As of December 31, 2018
	(In thousands)
Goodwill
Private Banking	$	—	$	—		$	—
Wealth Management and Trust	34,777		—			34,777
Affiliate Partners (2)	40,821		(17,991		)	22,830
Total goodwill	$	75,598	$	(17,991	)	57,607

	As of December 31, 2016		Impairment			Transfer to held for sale (1)			As of December 31, 2017
	(In thousands)
Goodwill
Private Banking	$	—	$	—		$	—		$	—
Wealth Management and Trust	34,777		—			—			34,777
Affiliate Partners	107,777		(24,901		)	(42,055		)	40,821
Total goodwill	$	142,554	$	(24,901	)	$	(42,055	)	$	75,598

___________________

(1) Remaining goodwill of Anchor was classified as held for sale as of December 31, 2017. Goodwill was eliminated at the time of the closing of the sale of Anchor in the second quarter of 2018.

(2) Sale of the Company's entire ownership interest in BOS closed in December 2018.

Schedule of Intangible Assets and Goodwill

The following table details total goodwill and the cumulative impairment charges thereon as of December 31, 2018 and 2017:

	Goodwill prior to impairment		Cumulative goodwill impairment			Goodwill
	(In thousands)
Private Banking	$	34,281	$	(34,281	)	$	—
Wealth Management and Trust	44,305		(9,528		)	34,777
Affiliate Partners (1)	97,992		(75,162		)	22,830
Total goodwill at December 31, 2018	$	176,578	$	(118,971	)	$	57,607
Private Banking	$	34,281	$	(34,281	)	$	—
Wealth Management and Trust	44,305		(9,528		)	34,777
Affiliate Partners (2)	115,983		(75,162		)	40,821
Total goodwill at December 31, 2017	$	194,569	$	(118,971	)	$	75,598

___________________

(1) Sale of the Company's entire ownership interest in BOS closed in December 2018.

(2) Remaining goodwill of Anchor was classified as held for sale as of December 31, 2017 and was eliminated when the sale was closed in April 2018.

Schedule of Finite-Lived Intangible Assets

The following table shows the gross and net carrying amounts of identifiable intangible assets at December 31, 2018 and 2017:

	2018						2017
	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
	(In thousands)
Advisory contracts (1) (2)	$	30,859	$	18,632	$	12,227	$	37,313	$	21,370	$	15,943
Trade names (2)	—		—		—		140		—		140
Total	$	30,859	$	18,632	$	12,227	$	37,453	$	21,370	$	16,083

___________________

(1) Intangible assets of Anchor were classified as held for sale as of December 31, 2017 and were eliminated when the sale were closed in April 2018.

(2) Sale of the company's entire ownership interest in BOS closed in December 2018.

Schedule of Expected Amortization Expense

The estimated annual amortization expense for these identifiable intangibles over the next five years is:

	Estimated intangible amortization expense
	(In thousands)
2019	$	2,654
2020	2,393
2021	1,915
2022	1,915
2023	1,915
2024 and thereafter	1,435