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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill
Changes in the carrying amount of the Corporation's goodwill by business segment for the years ended December 31, 2014 and 2013 were as follows:
(Dollars in thousands)
Banking
 
Wealth Management
 
Insurance
 
Consolidated
Balance at December 31, 2012
$
35,058

 
$
8,625

 
$
12,555

 
$
56,238

Addition to goodwill from acquisitions

 

 
1,279

 
1,279

Balance at December 31, 2013
35,058

 
8,625

 
13,834

 
57,517

Addition to goodwill from acquisitions

 
6,809

 
3,391

 
10,200

Balance at December 31, 2014
$
35,058

 
$
15,434

 
$
17,225

 
$
67,717

Components of Intangible Assets
The following table reflects the components of intangible assets at the dates indicated:
 
At December 31, 2014
 
At December 31, 2013
(Dollars in thousands)
Gross Carrying Amount
 
Accumulated Amortization and Fair Value Adjustments
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization and Fair Value Adjustments
 
Net Carrying Amount
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Customer related intangibles
$
13,397

 
$
6,726

 
$
6,671

 
$
7,513

 
$
4,854

 
$
2,659

Mortgage servicing rights
10,559

 
5,050

 
5,509

 
10,965

 
5,446

 
5,519

Total amortized intangible assets
$
23,956

 
$
11,776

 
$
12,180

 
$
18,478

 
$
10,300

 
$
8,178

Estimated Aggregate Amortization Expense
The estimated aggregate amortization expense for customer related intangibles for each of the five succeeding fiscal years follows:
Year
(Dollars in thousands)
Amount
2015
 
$
1,730

2016
 
1,411

2017
 
1,162

2018
 
868

2019
 
622

Thereafter
 
878

The estimated amortization expense of mortgage servicing rights for each of the five succeeding fiscal years is as follows:
Year
(Dollars in thousands)
Amount
2015
 
$
923

2016
 
787

2017
 
662

2018
 
556

2019
 
466

Thereafter
 
2,115

Changes in Mortgage Servicing Rights
Changes in the mortgage servicing rights balance are summarized as follows:
 
For the Years Ended December 31,
(Dollars in thousands)
2014
 
2013
 
2012
Beginning of period
$
5,519

 
$
4,152

 
$
2,739

Servicing rights capitalized
1,118

 
2,485

 
2,727

Amortization of servicing rights
(1,378
)
 
(1,365
)
 
(1,610
)
Changes in valuation allowance
250

 
247

 
296

End of period
$
5,509

 
$
5,519

 
$
4,152

Mortgage loans serviced for others
$
796,835

 
$
751,891

 
$
604,801

Activity in Valuation Allowance for Mortgage Servicing Rights
Activity in the valuation allowance for mortgage servicing rights was as follows:
 
For the Years Ended December 31,
(Dollars in thousands)
2014
 
2013
 
2012
Valuation allowance, beginning of period
$
(250
)
 
$
(497
)
 
$
(793
)
Additions

 

 

Reductions
250

 
247

 
296

Direct write-downs

 

 

Valuation allowance, end of period
$

 
$
(250
)
 
$
(497
)