XML 42 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2019
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, 2019 were as follows:
(Dollars in thousands)
Banking
 
Wealth Management
 
Insurance
 
Consolidated
Balance at December 31, 2018
$
138,476

 
$
15,434

 
$
18,649

 
$
172,559

Addition to goodwill from acquisitions

 

 

 

Balance at March 31, 2019
$
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, 2019
 
At December 31, 2018
(Dollars in thousands)
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
Covenants not to compete
$

 
$

 
$

 
$
710

 
$
710

 
$

Core deposit intangibles
6,788

 
3,376

 
3,412

 
6,788

 
3,143

 
3,645

Customer related intangibles
8,819

 
7,426

 
1,393

 
12,381

 
10,804

 
1,577

Servicing rights
17,639

 
10,914

 
6,725

 
17,314

 
10,546

 
6,768

Total amortized intangible assets
$
33,246

 
$
21,716

 
$
11,530

 
$
37,193

 
$
25,203

 
$
11,990

Estimated Aggregate Amortization Expense
The estimated aggregate amortization expense for core deposit and customer-related intangibles for the remainder of 2019 and the succeeding fiscal years is as follows:
Year
(Dollars in thousands)
Amount
Remainder of 2019
 
$
1,148

2020
 
1,200

2021
 
923

2022
 
666

2023
 
409

Thereafter
 
459

The estimated amortization expense of servicing rights for the remainder of 2019 and the succeeding fiscal years is as follows:
Year
(Dollars in thousands)
Amount
Remainder of 2019
 
$
1,017

2020
 
883

2021
 
759

2022
 
650

2023
 
555

Thereafter
 
2,861

Changes in Mortgage Servicing Rights
Changes in the servicing rights balance are summarized as follows:
 
Three Months Ended March 31,
(Dollars in thousands)
2019
 
2018
Beginning of period
$
6,768

 
$
6,573

Servicing rights capitalized
266

 
337

Amortization of servicing rights
(309
)
 
(305
)
End of period
$
6,725

 
$
6,605

Residential mortgage and SBA loans serviced for others
$
1,037,948

 
$
1,012,677