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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2016
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 six months ended June 30, 2016 were as follows:
(Dollars in thousands)
Banking
 
Wealth Management
 
Insurance
 
Consolidated
Balance at December 31, 2015
$
78,574

 
$
15,434

 
$
18,649

 
$
112,657

Addition to goodwill from acquisitions

 

 

 

Balance at June 30, 2016
$
78,574

 
$
15,434

 
$
18,649

 
$
112,657

Components of Intangible Assets
The following table reflects the components of intangible assets at the dates indicated:
 
At June 30, 2016
 
At December 31, 2015
(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:
 
 
 
 
 
 
 
 
 
 
 
Core deposit intangibles
$
1,520

 
$
401

 
$
1,119

 
$
1,520

 
$
276

 
$
1,244

Customer related intangibles
12,381

 
7,719

 
4,662

 
14,227

 
8,728

 
5,499

Mortgage servicing rights
13,010

 
7,114

 
5,896

 
12,233

 
6,356

 
5,877

Total amortized intangible assets
$
26,911

 
$
15,234

 
$
11,677

 
$
27,980

 
$
15,360

 
$
12,620

Estimated Aggregate Amortization Expense
The estimated amortization expense of mortgage servicing rights for the remainder of 2016 and the succeeding fiscal years is as follows:
Year
(Dollars in thousands)
Amount
Remainder of 2016
 
$
559

2017
 
1,024

2018
 
846

2019
 
690

2020
 
560

Thereafter
 
2,217

The estimated aggregate amortization expense for core deposit and customer related intangibles for the remainder of 2016 and the succeeding fiscal years is as follows:
Year
(Dollars in thousands)
Amount
Remainder of 2016
 
$
909

2017
 
1,544

2018
 
1,170

2019
 
847

2020
 
577

Thereafter
 
734

Changes in Mortgage Servicing Rights
Changes in the mortgage servicing rights balance are summarized as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(Dollars in thousands)
2016
 
2015
 
2016
 
2015
Beginning of period
$
5,839

 
$
5,523

 
$
5,877

 
$
5,509

Servicing rights capitalized
466

 
499

 
777

 
881

Amortization of servicing rights
(409
)
 
(326
)
 
(758
)
 
(694
)
Changes in valuation allowance

 

 

 

End of period
$
5,896

 
$
5,696

 
$
5,896

 
$
5,696

Mortgage loans serviced for others
$
889,639

 
$
832,318

 
$
889,639

 
$
832,318