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GOODWILL AND OTHER INTANGIBLES
12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES

Goodwill and other intangible assets are presented in the tables below. The Company completed one acquisition during 2017 which resulted in the capitalization of goodwill and other intangibles. In accordance with applicable accounting guidance, the Company allocated the amount paid to the fair value of the net assets acquired, with any excess amounts recorded as goodwill. There were three acquisitions during 2016. The goodwill balance is allocated to the consolidated Company. The activity impacting goodwill in 2017 and 2016 is as follows:
(In thousands)
 
2017
 
2016
Balance, beginning of the period
 
$
403,106

 
$
323,943

Goodwill acquired and adjusted:
 
 
 
 
Commerce Bank
 
116,181

 

44 Business Capital
 

 
15,892

Ronald N. Lazzaro, PC
 

 
5,492

First Choice Bank
 

 
58,036

Adjustments (1)
 

 
(257
)
Balance, end of the period
 
$
519,287

 
$
403,106

______________________________________________________________________________________________________
(1)
In 2016, goodwill related to the Hampden and Firestone acquisitions was adjusted since acquisition dates to reflect new information available during the one-year measurement period.

The Company tests goodwill impairment annually as of September 30, 2017 using third quarter data. The results of the qualitative assessment indicated it is more likely than not that the reporting unit's fair value exceeds its carrying amount, and accordingly, the two-step impairment test was not performed. If events or changes in circumstances indicate that impairment is possible, the Company will perform additional reviews. No impairment was recorded on goodwill for 2017, 2016 and 2015.

The components of other intangible assets are as follows:
(In thousands)
 
Gross Intangible
Assets
 
Accumulated
Amortization
 
Net Intangible
Assets
December 31, 2017
 
 

 
 

 
 

Non-maturity deposits (core deposit intangible)
 
$
66,923

 
$
(33,024
)
 
$
33,899

Insurance contracts
 
7,558

 
(7,526
)
 
32

All other intangible assets
 
7,810

 
(3,445
)
 
4,365

Total
 
$
82,291

 
$
(43,995
)
 
$
38,296

December 31, 2016
 
 

 
 

 
 

Non-maturity deposits (core deposit intangible)
 
$
44,523

 
$
(30,099
)
 
$
14,424

Insurance contracts
 
7,558

 
(7,504
)
 
54

All other intangible assets
 
7,866

 
(2,899
)
 
4,967

Total
 
$
59,947

 
$
(40,502
)
 
$
19,445



Other intangible assets are amortized on a straight-line or accelerated basis over their estimated lives, which range from four to fifteen years. Amortization expense related to intangibles totaled $3.5 million in 2017, $2.9 million in 2016, and $3.6 million in 2015.

The estimated aggregate future amortization expense for intangible assets remaining at year-end 2017 is as follows: 2018- $4.9 million; 2019- $4.7 million; 2020- $4.4 million; 2021- $4.2 million; 2022- $4.1 million; and thereafter- $16.0 million. For the years 2017, 2016, and 2015, no impairment charges were identified for the Company’s intangible assets.