Goodwill and Core Deposit Intangibles

12 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of the Company's goodwill are as follows:



	Goodwill
Balance, June 30, 2014	$	10,751
Additions	1,922
Balance, June 30, 2015	$	12,673
Additions	—
Balance, June 30, 2016	$	12,673

During 2015, the Company recorded $1,922 in goodwill as a result of the Bank of Commerce acquisition. During 2014, the Company recorded $10,751 in goodwill as a result of the acquisitions of Jefferson and BankGreenville. Adjustments of $936 were made to goodwill in relation to the final valuation of Jefferson acquisition which was adjusted as of the beginning of the period. See footnote 2 for more details regarding these acquisitions.

The Company added $8,796 in core deposit intangibles during 2015 related to the Branch Acquisition and Bank of Commerce. The Company added $4,060 in core deposits intangibles during 2014 related to the acquisitions of Jefferson and BankGreenville. Amortization expense related to core deposit intangibles was $2,907, $2,547, and $166 for the years ended June 30, 2016, 2015, and 2014, respectively.

Estimated amortization expense for each of the next five years and thereafter is as follows:



	June 30, 2016
2017	$	2,412
2018	1,920
2019	1,430
2020	943
2021	397
Thereafter	34
Total	$	7,136

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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