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Goodwill and Other Intangibles (Tables)
6 Months Ended
Jun. 30, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill for the periods ended June 30, 2014 and December 31, 2013 by reportable segment are as follows (in thousands):

 

     Bank      Institutional
Investment
Management
     Asset
Servicing
     Total  

Balances as of January 1, 2013

   $ 142,753       $ 47,529       $ 19,476       $ 209,758   
  

 

 

    

 

 

    

 

 

    

 

 

 

Balances as of December 31, 2013

   $ 142,753       $ 47,529       $ 19,476       $ 209,758   
  

 

 

    

 

 

    

 

 

    

 

 

 

Balances as of January 1, 2014

   $ 142,753       $ 47,529       $ 19,476       $ 209,758   
  

 

 

    

 

 

    

 

 

    

 

 

 

Balances as of June 30, 2014

   $ 142,753       $ 47,529       $ 19,476       $ 209,758   
  

 

 

    

 

 

    

 

 

    

 

 

Changes in Intangible Assets

Following are the finite-lived intangible assets that continue to be subject to amortization as of June 30, 2014 and December 31, 2013 (in thousands):

 

     As of June 30, 2014  
     Gross Carrying
Amount
     Accumulated
Amortization
     Net Carrying
Amount
 

Core deposit intangible assets

   $ 36,497       $ 32,217       $ 4,280   

Customer relationships

     104,440         59,582         44,858   

Other intangible assets

     3,247         2,497         750   
  

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 144,184       $ 94,296       $ 49,888   
  

 

 

    

 

 

    

 

 

 

 

                                                                                             
     As of December 31, 2013  

Core deposit intangible assets

   $ 36,497       $ 31,674       $ 4,823   

Customer relationships

     103,960         54,062         49,898   

Other intangible assets

     3,247         2,383         864   
  

 

 

    

 

 

    

 

 

 

Total intangible assets

   $ 143,704       $ 88,119       $ 55,585   
  

 

 

    

 

 

    

 

 

 

Aggregate Amortization Expense Recognized

Following is the aggregate amortization expense recognized in each period (in thousands):

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2014      2013      2014      2013  

Aggregate amortization expense

   $ 3,074       $ 3,354       $ 6,176       $ 6,809   
  

 

 

    

 

 

    

 

 

    

 

 

 

Estimated Amortization Expense of Intangible Assets

Estimated amortization expense of intangible assets on future years (in thousands):

 

For the six months ending December 31, 2014

   $ 6,009   

For the year ending December 31, 2015

     9,619   

For the year ending December 31, 2016

     8,410   

For the year ending December 31, 2017

     7,167   

For the year ending December 31, 2018

     4,976