GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

Note 9 – Goodwill and Other Intangible Assets

The gross carrying amounts and accumulated amortization of intangible assets and goodwill are presented at December 31 in the following table:

		2019						Weighted			2018						Weighted
		Gross				Net		Average			Gross				Net		Average
		Carrying		Accumulated		Carrying		Remaining			Carrying		Accumulated		Carrying		Remaining
(Dollars in thousands)		Amount		Amortization		Amount		Life			Amount		Amortization		Amount		Life
Amortizing intangible assets:
Core deposit intangibles		$	10,678	$	(3,689)	$	6,989		8.0	years	$	10,678	$	(1,941)	$	8,737		9.0	years
Other identifiable intangibles		$	1,478	$	(626)	$	852		9.7	years	$	1,478	$	(427)	$	1,051		10.6	years
	Total amortizing intangible assets	$	12,156	$	(4,315)	$	7,841				$	12,156	$	(2,368)	$	9,788
Goodwill		$	347,149			$	347,149				$	347,149			$	347,149

The following table presents the net carrying amount of goodwill by segment for the periods indicated:

		Community				Investment
(In thousands)		Banking		Insurance		Management		Total
Balance December 31, 2017		$	69,991	$	6,788	$	8,989	$	85,768
	Acquisition of WashingtonFirst Bankshares Inc.		261,182		-		199		261,381
Balance December 31, 2018			331,173		6,788		9,188		347,149
	No Activity		-		-		-		-
Balance December 31, 2019		$	331,173	$	6,788	$	9,188	$	347,149

The following table presents the estimated future amortization expense for amortizing intangible assets within the years ending December 31:

(In thousands)		Amount
2020		$	1,717
2021			1,507
2022			1,295
2023			1,082
Thereafter			2,240
	Total amortizing intangible assets	$	7,841