XML 36 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
Goodwill and Other Intangibles (Table)
6 Months Ended
Jun. 30, 2017
Goodwill and Other Intangibles [Abstract]  
Schedule of Components of Goodwill and Other Acquired Intangible Assets

The gross carrying amount and accumulated amortization of intangible assets is as follows:







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 June 30, 2017



 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted



 

Gross

 

Accumulated

 

 

 

 

Net

 

Average



 

Carrying

 

Impairment

 

Accumulated

 

Carrying

 

Remaining Life

(Dollars in thousands)

 

Amount

 

Charges

 

Amortization

 

Amount

 

(in years)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

30,511 

 

$

(2,637)

 

$

(667)

 

$

27,207 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortizable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employment agreements

 

$

440 

 

$

 -

 

$

(440)

 

$

 -

 

 -

Insurance expirations

 

 

1,270 

 

 

 -

 

 

(1,264)

 

 

 

0.1 

Customer relationships

 

 

795 

 

 

(95)

 

 

(461)

 

 

239 

 

5.1 

Core deposit intangible

 

 

3,954 

 

 

 -

 

 

(33)

 

 

3,921 

 

9.9 



 

 

6,459 

 

 

(95)

 

 

(2,198)

 

 

4,166 

 

 

Unamortizable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrier relationships

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

Trade name

 

 

780 

 

 

 -

 

 

 -

 

 

780 

 

 -



 

 

780 

 

 

 -

 

 

 -

 

 

780 

 

 

Total other intangible assets

 

$

7,239 

 

$

(95)

 

$

(2,198)

 

$

4,946 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2016



 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted



 

Gross

 

Accumulated

 

 

 

 

Net

 

Average



 

Carrying

 

Impairment

 

Accumulated

 

Carrying

 

Remaining Life

(Dollars in thousands)

 

Amount

 

Charges

 

Amortization

 

Amount

 

(in years)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

15,235 

 

$

(2,637)

 

$

(667)

 

$

11,931 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortizable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employment agreements

 

$

440 

 

$

 -

 

$

(440)

 

$

 -

 

 -

Insurance expirations

 

 

1,270 

 

 

 -

 

 

(1,233)

 

 

37 

 

0.4 

Customer relationships

 

 

795 

 

 

(95)

 

 

(438)

 

 

262 

 

5.6 

Core deposit intangible

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 -



 

 

2,505 

 

 

(95)

 

 

(2,111)

 

 

299 

 

 

Unamortizable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Carrier relationships

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

Trade name

 

 

780 

 

 

 -

 

 

 -

 

 

780 

 

 -



 

 

780 

 

 

 -

 

 

 -

 

 

780 

 

 

Total other intangible assets

 

$

3,285 

 

$

(95)

 

$

(2,111)

 

$

1,079 

 

 



Future Amortization Expense for Amortizable Other Intangible Assets

Estimated future amortizing expense for amortization intangibles within the years ending December 31, are as follows:







 

 

 

(Dollars in thousands)

 

 

 

June 30, 2017

 

$

88 

2018

 

 

442 

2019

 

 

442 

2020

 

 

395 

2021

 

 

439 

Thereafter

 

 

2,360 

Total amortizing intangible assets

 

$

4,166