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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 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 June 30, 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 June 30, 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

 
3,609

 
3,179

 
6,788

 
3,143

 
3,645

Customer related intangibles
8,819

 
7,602

 
1,217

 
12,381

 
10,804

 
1,577

Servicing rights
17,960

 
11,361

 
6,599

 
17,314

 
10,546

 
6,768

Total amortized intangible assets
$
33,567

 
$
22,572

 
$
10,995

 
$
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
 
$
739

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
 
$
1,174

2020
 
993

2021
 
822

2022
 
678

2023
 
535

Thereafter
 
2,397


Changes in Mortgage Servicing Rights
Changes in the servicing rights balance are summarized as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(Dollars in thousands)
2019
 
2018
 
2019
 
2018
Beginning of period
$
6,725

 
$
6,605

 
$
6,768

 
$
6,573

Servicing rights capitalized
321

 
350

 
587

 
687

Amortization of servicing rights
(426
)
 
(305
)
 
(735
)
 
(610
)
Changes in valuation allowance
(21
)
 

 
(21
)
 

End of period
$
6,599

 
$
6,650

 
$
6,599

 
$
6,650

Residential mortgage and SBA loans serviced for others
$
1,042,438

 
$
1,019,233

 
$
1,042,438

 
$
1,019,233


Activity In Valuation Allowance For Mortgage Servicing Rights
Activity in the valuation allowance for mortgage servicing rights was as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(Dollars in thousands)
2019
 
2018
 
2019
 
2018
Valuation allowance, beginning of period
$

 
$

 
$

 
$

Additions
(21
)
 

 
(21
)
 

Valuation allowance, end of period
$
(21
)
 
$

 
$
(21
)
 
$