XML 51 R38.htm IDEA: XBRL DOCUMENT v3.19.1
GOODWILL AND OTHER INTANGIBLE ASSETS (Table)
12 Months Ended
Dec. 31, 2018
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
Schedule of Components of Goodwill and Other Acquired Intangible Assets

The following table provides information on the significant components of goodwill and other acquired intangible assets at December 31, 2018 and 2017. On December 31, 2018 the Company sold its insurance subsidiary, Avon Dixon, LLC and discontinued operations of its premium finance company, Mubell, LLC, which have been removed from the table. In addition, on May 19, 2017, the Bank acquired three branches located in Arbutus, Owings Mills and Elkridge, Maryland from NWBI. The purchase of these branches resulted in core deposit intangibles of $4.0 million and goodwill of $15.0 million.





 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2018



 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted



 

Gross

 

Accumulated

 

 

 

 

Net

 

Average



 

Carrying

 

Impairment

 

Accumulated

 

Carrying

 

Remaining Life

(Dollars in thousands)

 

Amount

 

Charges

 

Amortization

 

Amount

 

(in years)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

19,728 

 

$

(1,543)

 

$

(667)

 

$

17,518 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortizable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangible

 

$

3,954 

 

$

 -

 

$

(1,097)

 

$

2,857 

 

7.2 

Total other intangible assets

 

$

3,954 

 

$

 -

 

$

(1,097)

 

$

2,857 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2017



 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted



 

Gross

 

Accumulated

 

 

 

 

Net

 

Average



 

Carrying

 

Impairment

 

Accumulated

 

Carrying

 

Remaining Life



 

Amount

 

Charges

 

Amortization

 

Amount

 

(in years)



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

$

19,728 

 

$

(1,543)

 

$

(667)

 

$

17,518 

 

 -



 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortizable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangible

 

 

3,954 

 

 

 -

 

 

(231)

 

 

3,723 

 

9.4 

Total other intangible assets

 

$

3,954 

 

$

 -

 

$

(231)

 

$

3,723 

 

 



Future Amortization Expense for Amortizable Other Intangible Assets

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,

2019 

 

 

$

605 



2020 

 

 

 

533 



2021 

 

 

 

461 



2022 

 

 

 

389 



2023 

 

 

 

317 



Thereafter

 

 

 

552