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Goodwill and Other Intangible Assets
9 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets

The following tables summarize the changes in the Company's goodwill and other intangible assets for the year ended December 31, 2014, and the nine months ended September 30, 2015. Goodwill and all other intangible assets are related to the Community Banking segment.
(in thousands)
Goodwill
 
 
Accumulated
 
 
Gross
Impairment
Total
Balance, December 31, 2013
$
877,239

$
(112,934
)
$
764,305

Net additions
1,021,920


1,021,920

Balance, December 31, 2014
1,899,159

(112,934
)
1,786,225

Net additions
2,415


2,415

Balance, September 30, 2015
$
1,901,574

$
(112,934
)
$
1,788,640



Goodwill represents the excess of the total acquisition price paid over the fair value of the assets acquired, net of the fair values of liabilities assumed. Additional information on the acquisitions and acquisition price allocations is provided in Note 2. The additions to goodwill in 2015 of $2.4 million relate to immaterial acquisition accounting adjustments.

(in thousands)
Other Intangible Assets
 
 
Accumulated
 
 
Gross
Amortization
Net
Balance, December 31, 2013
$
58,909

$
(46,531
)
$
12,378

Net additions
54,562


54,562

Amortization

(10,207
)
(10,207
)
Balance, December 31, 2014
113,471

(56,738
)
56,733

Amortization

(8,419
)
(8,419
)
Balance, September 30, 2015
$
113,471

$
(65,157
)
$
48,314



Intangible additions in 2014 relate to the Merger and represent the value of the core deposits, which includes all deposits except certificates of deposit. Core deposit intangible assets values were determined by an analysis of the cost differential between the core deposits inclusive of estimated servicing costs and alternative funding sources. The core deposit intangible recorded in connection with the Merger will be amortized on an accelerated basis over a period of 10 years.

The Company conducts its annual evaluation of goodwill for impairment as of its year end of December 31. Goodwill and other intangibles are required to be analyzed for impairment if certain triggering events occur. During the nine months ended September 30, 2015, management determined that no triggering events occurred that required an impairment analysis. The table below presents the forecasted amortization expense for other intangible assets acquired in all mergers:


(in thousands)
 
 
Expected
Year
Amortization
Remainder of 2015
$
2,806

2016
8,622

2017
6,756

2018
6,166

2019
5,618

Thereafter
18,346

 
$
48,314