Goodwill and Other Intangibles

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

6. Goodwill and Other Intangibles

Changes in the carrying amount of goodwill for the periods ended June 30, 2016 and December 31, 2015 by reportable segment are as follows (in thousands):


	Bank		Institutional Investment Management		Asset Servicing		Total
Balances as of January 1, 2016	$	161,341	$	47,529	$	19,476	$	228,346
Acquisition of Marquette		50		—		—		50

Balances as of June 30, 2016	$	161,391	$	47,529	$	19,476	$	228,396

Balances as of January 1, 2015	$	142,753	$	47,529	$	19,476	$	209,758
Acquisition of Marquette		18,588		—		—		18,588

Balances as of December 31, 2015	$	161,341	$	47,529	$	19,476	$	228,346

The following table lists the finite-lived intangible assets that continue to be subject to amortization as of June 30, 2016 and December 31, 2015 (in thousands):


	As of June 30, 2016
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Core deposit intangible assets	$	47,527	$	37,371	$	10,156
Customer relationships		107,460		77,933		29,527
Other intangible assets		4,198		3,470		728

Total intangible assets	$	159,185	$	118,774	$	40,411


	As of December 31, 2015
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Core deposit intangible assets	$	36,497	$	33,613	$	2,884
Core deposit intangible-Marquette acquisition		11,030		1,838		9,192
Customer relationships		104,560		73,496		31,064
Customer relationship-Marquette acquisition		2,900		338		2,562
Other intangible assets		3,247		2,841		406
Other intangible assets-Marquette acquisition		951		277		674

Total intangible assets	$	159,185	$	112,403	$	46,782

The following table has the aggregate amortization expense recognized in each period (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Aggregate amortization expense	$	3,145	$	2,569	$	6,371	$	5,324

The following table lists estimated amortization expense of intangible assets in future periods (in thousands):


For the six months ending December 31, 2016	$	5,920
For the year ending December 31, 2017		10,180
For the year ending December 31, 2018		7,202
For the year ending December 31, 2019		5,822
For the year ending December 31, 2020		4,487
For the year ending December 31, 2021		3,101

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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