GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 6. GOODWILL AND OTHER INTANGIBLE ASSETS

The following table provides information on the significant components of goodwill and other acquired intangible assets at December 31, 2014 and 2013. The Community Banking segment had goodwill of $2.5 million at the end of both 2014 and 2013. The Insurance segment had goodwill of $9.4 million and $9.9 million at the end of 2014 and 2013. The decrease of $500 thousand was the result of the sale of the assets and liabilities of Tri-State General Insurance, LTD on June 6, 2014. See Note 26 for further information regarding the Company’s business segments.

	December 31, 2014										December 31, 2013
									Weighted										Weighted
									Average										Average
	Gross		Accumulated				Net		Remaining		Gross		Accumulated				Net		Remaining
	Carrying		Impairment		Accumulated		Carrying		Life		Carrying		Impairment		Accumulated		Carrying		Life
(Dollars in thousands)	Amount		Charges		Amortization		Amount		(in years)		Amount		Charges		Amortization		Amount		(in years)

Goodwill	$	15,235	$	(2,637)	$	(667)	$	11,931		-	$	17,345	$	(4,224)	$	(667)	$	12,454		-

Other intangible assets
Amortizable
Employment agreements	$	440	$	-	$	(440)	$	-		-	$	1,730	$	-	$	(1,448)	$	282		1.7
Insurance expirations		1,270		-		(1,063)		207		2.4		1,270		-		(979)		291		3.4
Customer relationships		782		(95)		(343)		344		7.0		960		(126)		(352)		482		9.7
		2,492		(95)		(1,846)		551				3,960		(126)		(2,779)		1,055
Unamortizable
Carrier relationships		-		-		-		-		-		1,300		(45)		-		1,255		-
Trade name		780		-		-		780		-		1,210		-		-		1,210		-
		780		-		-		780				2,510		(45)		-		2,465
Total other intangible assets	$	3,272	$	(95)	$	(1,846)	$	1,331			$	6,470	$	(171)	$	(2,779)	$	3,520

The aggregate amortization expense was $201 thousand, $296 thousand, and $392 thousand for the years ended December 31, 2014, 2013, and 2012 respectively.

The following table provides information on current period and estimated future amortization expense for amortizable other intangible assets.

		Amortization
(Dollars in thousands)		Expense
Estimate for years ended December 31,	2015	133
	2016	133
	2017	85
	2018	42
	2019	42

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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