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Goodwill and Other Intangible Assets (Notes)
9 Months Ended
Sep. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets
Changes in the carrying amount of the Company's goodwill for the nine months ended September 30, 2013 are as follows:
 
For the Nine Months Ended September 30, 2013
 
(In thousands)
Balance, beginning of period
$
89,878

Acquired goodwill - PIB
3,526

Acquired goodwill - Foster
29,665

Measurement period adjustment - PIB
(3,188
)
Impairment

Balance, end of period
$
119,881


 
 
The goodwill arising from the PIB acquisition was reduced by a net $3.2 million to $338 thousand due to adjustments to the deferred tax asset, which was provisional as of March 31, 2013, and other adjustments of certain acquisition date fair value asset and liability estimates during the nine months ended September 30, 2013.
Core deposit intangibles assets are amortized over their estimated lives, which range from seven to ten years. The Company acquired, through the acquisitions of PIB and Foster during the second and third quarters of 2013, respectively, core deposit intangibles which totaled $603 thousand and $2.8 million, respectively. Amortization expense related to core deposit intangible assets totaled $325 thousand and $302 thousand for the three months ended September 30, 2013 and 2012, respectively, and $837 thousand and $942 thousand for the nine months ended September 30, 2013 and 2012, respectively. The following table provides information regarding the core deposit intangibles at September 30, 2013:
 
 
 
As of September 30, 2013
 
 
 
Gross
Carrying
Amount
 
Accumulated
Amortization
Intangible assets:
Amortization
period
 
 
 
 
Core deposit—IBKNY acquisition
10 years
 
$
1,187

 
$
(1,187
)
Core deposit—Asiana Bank acquistion
10 years
 
1,018

 
(1,017
)
Core deposit—KEB, Broadway acquisition
10 years
 
2,726

 
(2,720
)
Core deposit—Center Financial Corporation acquisition
7 years
 
4,100

 
(1,748
)
Core deposit—PIB acquisition
7 years
 
$
603

 
$
(101
)
Core deposit—Foster acquisition
10 years
 
$
2,763

 
$
(63
)
Total
 
 
$
12,397

 
$
(6,836
)