Goodwill, Intangible And Other Assets (Tables)

12 Months Ended

Dec. 31, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

A summary of intangible assets and other assets is as follows:



(In Thousands)	2013		2012
Intangible assets:
Goodwill		$7,525		$7,525
Core deposit intangible	214		328
NBG customer relationships	203		317
Total		$7,942		$8,170
Other assets:
Investment in Low Income Housing Partnerships		$15,681		$5,974
Deferred taxes, net	8,776		9,991
Investment in RML Holding Company	5,953		6,153
Bank owned life insurance	2,678		2,726
Taxes receivable	1,526		1,432
Investment in PWA	1,484		1,575
Prepaid expenses	1,393		4,388
Note receivable from ECCM	339		339
Investment in ECCM	74		36
Investment in ECIA	61		56
Other assets	2,701		2,219
Total		$40,666		$34,889

Future Amortization Expense

The future amortization expense required on these assets is as follows:



(In Thousands)
2014		$204
2015	153
2016	42
2017	18
2018	—
Thereafter	—
Total		$417

Summary Balance Sheet And Income Statement Information For Affiliate

Below is summary balance sheet and income statement information for RML.



(In Thousands, Unaudited)	2013		2012
Assets
Cash		$11,852		$13,547
Loans held for sale	24,807		59,840
Other assets	14,084		15,777
Total Assets		$50,743		$89,164
Liabilities
Lines of credit		$21,949		$56,932
Other liabilities	5,652		7,481
Total Liabilities	27,601		64,413
Shareholders' Equity	23,142		24,751
Total Liabilities and Shareholders' Equity		$50,743		$89,164
Income/expense
Gross income		$22,224		$31,113
Total expense	18,313		20,033
Joint venture allocations	555		84
Net Income		$4,466		$11,164

Summary of Commitment to Invest in Low Income Housing Partnerships

The table below shows the Company's commitments to invest in various low income housing tax credit partnerships. The Company earns a return on its investments in the form of tax credits and deductions that flow through to it as a limited partner in these partnerships. The Company recognized amortization expense of $969,000, $921,000, and $902,000 in 2013, 2012, and 2011, respectively. The Company expects to fund its remaining $11.0 million in commitments on these investments through 2029.



(In Thousands)	Date of original commitment	Years over which tax credits are earned	Original commitment amount		Less: life to date contributions			Remaining commitment amount
R4	March 2013	17		$10,675		($909	)		$9,766
WNC	December 2012	16	2,500		(1,219		)	1,281
USA 57	December 2006	15	3,000		(3,000		)	—
Centerline XXXIII	September 2006	18	3,000		(3,000		)	—
Centerline XXII	January 2003	18	3,000		(3,000		)	—
Total				$22,175		($11,128	)		$11,047