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Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

Note 9 - Goodwill and Other Intangible Assets

The following table summarizes the Company’s goodwill intangible as of the dates indicated:

 

(in thousands)    June 30,
2018
     Additions      Reductions      December 31,
2017
 

Goodwill

   $ 64,311        —          —        $ 64,311  
  

 

 

    

 

 

    

 

 

    

 

 

 

The following table summarizes the Company’s core deposit intangibles as of the dates indicated:

 

(in thousands)    June 30,
2018
     Additions      Reductions/
Amortization
     December 31,
2017
 

Core deposit intangibles

   $ 9,558        —          —        $ 9,558  

Accumulated amortization

     (5,062      —        $ (678      (4,384
  

 

 

    

 

 

    

 

 

    

 

 

 

Core deposit intangibles, net

   $ 4,496        —        $ (678    $ 5,174  
  

 

 

    

 

 

    

 

 

    

 

 

 

The Company recorded additions to its CDI of $2,046,000 in conjunction with the acquisition of three branch offices from Bank of America on March 18, 2016, $6,614,000 in conjunction with the North Valley Bancorp acquisition on October 3, 2014, $898,000 in conjunction with the Citizens acquisition on September 23, 2011, and $562,000 in conjunction with the Granite acquisition on May 28, 2010.    The following table summarizes the Company’s remaining estimated core deposit intangible amortization at December 31, 2017 (dollars in thousands):

 

Years Ended

  

Estimated Core Deposit
Intangible Amortization

 

2018

   $ 1,324  

2019

     1,228  

2020

     1,228  

2021

     969  

2022

     280  

Thereafter

     145