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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Change in the Carrying Value of Goodwill
The change in the carrying value of goodwill for the years ended December 31, 2018 and 2017 is summarized below for both the total Company and by the Company's reportable segments.
 
December 31,
(dollars in thousands)
2018
 
2017
Consolidated
 
 
 
Carrying amount of goodwill at beginning of year
$
125,532

 
$
125,532

Additions related to acquisitions in current year
377,902

 

Carrying amount of goodwill at end of year
$
503,434

 
$
125,532

 
 
 
 
Banking Division
 
 
 
Carrying amount of goodwill at beginning of year
$
125,532

 
$
125,532

Additions related to acquisitions in current year
312,612

 

Carrying amount of goodwill at end of year
$
438,144

 
$
125,532

 
 
 
 
Premium Finance Division
 
 
 
Carrying amount of goodwill at beginning of year
$

 
$

Additions related to acquisitions in current year
$
65,290

 
$

Carrying amount of goodwill at end of year
$
65,290

 
$

Summary of Information Related to Acquired Intangible Assets
Following is a summary of information related to acquired intangible assets:
 
As of December 31, 2018
 
As of December 31, 2017
(dollars in thousands)
Gross
Amount
 
Accumulated
Amortization
 
Gross
Amount
 
Accumulated
Amortization
Amortized intangible assets:
 
 
 
 
 
 
 
   Core deposit premiums
$
57,348

 
$
19,512

 
$
26,250

 
$
12,754

   Insurance agent relationships
22,351

 
2,561

 

 

   US Premium Finance trade name
1,094

 
143

 

 

   Non-compete agreement
162

 
50

 

 

 
$
80,955

 
$
22,266

 
$
26,250

 
$
12,754

Estimated Amortization Expense
The estimated amortization expense for each of the next five years is as follows (in thousands):
2019
$
12,022

2020
10,491

2021
8,520

2022
6,887

2023
6,067

Thereafter
14,702

 
$
58,689