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Goodwill, Core Deposit Intangible and Other Intangible Assets
9 Months Ended
Sep. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill, Core Deposit Intangible and Other Intangible Assets

Note 9—Goodwill, Core Deposit Intangible and Other Intangible Assets

The following tables summarize the changes in the Company’s goodwill, core deposit intangible assets, and customer relationship intangible assets for the three and nine months ended September 30, 2018 and 2017:  

 

 

 

Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

 

Goodwill

 

 

Core Deposit

Intangible

 

 

Customer Relationship

Intangible

 

 

Goodwill

 

 

Core Deposit

Intangible

 

 

Customer Relationship

Intangible

 

Beginning balance

 

$

54,562

 

 

$

16,720

 

 

$

 

 

$

51,975

 

 

$

19,776

 

 

$

 

Additions

 

 

72,974

 

 

 

19,060

 

 

 

3,216

 

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

(3,685

)

 

 

(89

)

 

 

 

 

 

(2,293

)

 

 

 

Ending balance

 

$

127,536

 

 

$

32,095

 

 

$

3,127

 

 

$

51,975

 

 

$

17,483

 

 

$

 

Accumulated amortization

 

N/A

 

 

$

17,151

 

 

$

89

 

 

N/A

 

 

$

12,703

 

 

N/A

 

Weighted average remaining

   amortization period

 

N/A

 

 

7.1 Years

 

 

11.7 Years

 

 

N/A

 

 

5.8 Years

 

 

N/A

 

 

 

 

Three Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

 

Goodwill

 

 

Core Deposit

Intangible

 

 

Customer Relationship

Intangible

 

 

Goodwill

 

 

Core Deposit

Intangible

 

 

Customer Relationship

Intangible

 

Beginning balance

 

$

127,536

 

 

$

33,917

 

 

$

3,194

 

 

$

51,975

 

 

$

18,247

 

 

$

 

Additions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization

 

 

 

 

 

(1,822

)

 

 

(67

)

 

 

 

 

 

(764

)

 

 

 

Ending balance

 

$

127,536

 

 

$

32,095

 

 

$

3,127

 

 

$

51,975

 

 

$

17,483

 

 

$

 

Accumulated amortization

 

N/A

 

 

$

17,151

 

 

$

89

 

 

N/A

 

 

$

12,703

 

 

N/A

 

Weighted average remaining

   amortization period

 

N/A

 

 

7.1 Years

 

 

11.7 Years

 

 

N/A

 

 

5.8 Years

 

 

N/A

 

The Company added additional goodwill, core deposit intangible assets, and customer relationship intangible assets in conjunction with the First Evanston acquisition. Please refer to Note 3—Acquisition of a Business for further details.

Additionally, the Company had other intangible assets of $26,000 and $36,000 as of September 30, 2018 and December 31, 2017, respectively, associated with trademark-related transactions.

The following table presents the estimated amortization expense for core deposit intangible, customer relationship intangible, and other intangible assets recognized at September 30, 2018:

 

 

 

Estimated

Amortization

 

2018

 

$

1,807

 

2019

 

 

6,945

 

2020

 

 

6,477

 

2021

 

 

6,026

 

2022

 

 

5,578

 

Thereafter

 

 

8,415

 

Total

 

$

35,248