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Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2020
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, 2020 were as follows:
(Dollars in thousands)BankingWealth ManagementInsuranceConsolidated
Balance at December 31, 2019$138,476  $15,434  $18,649  $172,559  
Addition to goodwill from acquisitions—  —  —  —  
Balance at March 31, 2020$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, 2020At December 31, 2019
(Dollars in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Amortized intangible assets:
Core deposit intangibles$6,788  $4,229  $2,559  $6,788  $4,026  $2,762  
Customer related intangibles7,604  6,830  774  8,819  7,923  896  
Servicing rights19,686  13,246  6,440  19,160  12,534  6,626  
Total amortized intangible assets$34,078  $24,305  $9,773  $34,767  $24,483  $10,284  
Estimated Aggregate Amortization Expense
The estimated aggregate amortization expense for core deposit and customer-related intangibles for the remainder of 2020 and the succeeding fiscal years is as follows:
Year(Dollars in thousands)Amount
Remainder of 2020$875  
2021923  
2022666  
2023409  
2024267  
Thereafter193  
Changes In Servicing Rights
Changes in the servicing rights balance are summarized as follows:
 Three Months Ended March 31,
(Dollars in thousands)20202019
Beginning of period$6,626  $6,768  
Servicing rights capitalized526  266  
Amortization of servicing rights(657) (309) 
Changes in valuation allowance(55) —  
End of period$6,440  $6,725  
Loans serviced for others$1,087,174  $1,037,948  
Activity In Valuation Allowance For Mortgage Servicing Rights
Activity in the valuation allowance for mortgage servicing rights was as follows:
 Three Months Ended March 31,
(Dollars in thousands)20202019
Valuation allowance, beginning of period$—  $—  
Additions(55) —  
Valuation allowance, end of period$(55) $—  
Estimated Amortization Expense of Servicing Rights
The estimated amortization expense of servicing rights for the remainder of 2020 and the succeeding fiscal years is as follows:
Year(Dollars in thousands)Amount
Remainder of 2020$1,585  
20211,190  
2022908  
2023690  
2024467  
Thereafter1,600