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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2018
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 three months ended March 31, 2018 were as follows:
(Dollars in thousands)
Banking
 
Wealth Management
 
Insurance
 
Consolidated
Balance at December 31, 2017
$
138,476

 
$
15,434

 
$
18,649

 
$
172,559

Addition to goodwill from acquisitions

 

 

 

Balance at March 31, 2018
$
138,476

 
$
15,434

 
$
18,649

 
$
172,559

Components of Intangible Assets
The following table reflects the components of intangible assets at the dates indicated:
 
At March 31, 2018
 
At December 31, 2017
(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:
 
 
 
 
 
 
 
 
 
 
 
Covenants not to compete
$
710

 
$
645

 
$
65

 
$
710

 
$
580

 
$
130

Core deposit intangibles
6,788

 
2,399

 
4,389

 
6,788

 
2,135

 
4,653

Customer related intangibles
12,381

 
10,094

 
2,287

 
12,381

 
9,828

 
2,553

Servicing rights
16,192

 
9,587

 
6,605

 
15,855

 
9,282

 
6,573

Total amortized intangible assets
$
36,071

 
$
22,725

 
$
13,346

 
$
35,734

 
$
21,825

 
$
13,909

Estimated Aggregate Amortization Expense
The estimated aggregate amortization expense for covenants not to compete and core deposit and customer related intangibles for the remainder of 2018 and the succeeding fiscal years is as follows:
Year
(Dollars in thousands)
Amount
Remainder of 2018
 
$
1,519

2019
 
1,565

2020
 
1,200

2021
 
923

2022
 
666

Thereafter
 
868

The estimated amortization expense of servicing rights for the remainder of 2018 and the succeeding fiscal years is as follows:
Year
(Dollars in thousands)
Amount
Remainder of 2018
 
$
874

2019
 
774

2020
 
684

2021
 
602

2022
 
529

Thereafter
 
3,142

Changes in Mortgage Servicing Rights
Changes in the servicing rights balance are summarized as follows:
 
Three Months Ended March 31,
(Dollars in thousands)
2018
 
2017
Beginning of period
$
6,573

 
$
6,485

Servicing rights capitalized
337

 
343

Amortization of servicing rights
(305
)
 
(326
)
Changes in valuation allowance

 

End of period
$
6,605

 
$
6,502

Residential mortgage and SBA loans serviced for others
$
1,012,677

 
$
972,617