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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill

Goodwill and intangible assets consist of the following:

 

 

 

December 31

 

 

December 31,

 

(Dollars in thousands)

 

2014

 

 

2013

 

Goodwill

 

$

15,968

 

 

$

14,047

 

Core deposit intangibles

 

 

11,218

 

 

 

14,471

 

Other intangible assets

 

 

1,871

 

 

 

 

 

 

$

29,057

 

 

$

28,518

 

 

Schedule of Changes in Goodwill and Intangible Assets by Operating Segment

The changes in goodwill and intangible assets by operating segment during the year are as follows:

 

 

 

December 31, 2014

 

 

December 31, 2013

 

 

December 31, 2012

 

(Dollars in thousands)

 

Factoring

 

 

Banking

 

 

Total

 

 

Factoring

 

 

Banking

 

 

Total

 

 

Factoring

 

 

Banking

 

 

Total

 

Beginning balance

 

$

8,846

 

 

$

19,672

 

 

$

28,518

 

 

$

8,846

 

 

$

5,201

 

 

$

14,047

 

 

$

 

 

$

5,201

 

 

$

5,201

 

Acquired goodwill

 

 

 

 

 

1,921

 

 

 

1,921

 

 

 

 

 

 

 

 

 

 

 

 

8,846

 

 

 

 

 

 

8,846

 

Acquired intangibles

 

 

26

 

 

 

2,029

 

 

 

2,055

 

 

 

 

 

 

15,091

 

 

 

15,091

 

 

 

948

 

 

 

 

 

 

948

 

Divestiture

 

 

 

 

 

(514

)

 

 

(514

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of intangibles

 

 

(2

)

 

 

(2,921

)

 

 

(2,923

)

 

 

 

 

 

(620

)

 

 

(620

)

 

 

(948

)

 

 

 

 

 

(948

)

Ending balance

 

$

8,870

 

 

$

20,187

 

 

$

29,057

 

 

$

8,846

 

 

$

19,672

 

 

$

28,518

 

 

$

8,846

 

 

$

5,201

 

 

$

14,047

 

 

Schedule of Future Amortization Schedule for the Company's Intangible Assets

The future amortization schedule for the Company’s intangible assets is as follows:

 

(Dollars in thousands)

 

 

 

 

2015

 

$

2,708

 

2016

 

 

2,392

 

2017

 

 

2,076

 

2018

 

 

1,761

 

2019

 

 

1,445

 

Thereafter

 

 

2,707

 

 

 

$

13,089