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

Note 8 - Goodwill and Other Intangible Assets

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

 

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

Goodwill

   $ 220,972        156,661        —        $ 64,311  

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

 

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

Core deposit intangibles

   $ 37,163        27,605        —        $ 9,558  

Accumulated amortization

     (6,452      —        $ (2,068      (4,384
  

 

 

    

 

 

    

 

 

    

 

 

 

Core deposit intangibles, net

   $ 30,711        27,605      $ (2,068    $ 5,174  
  

 

 

    

 

 

    

 

 

    

 

 

 

The Company recorded additions to its CDI of $27,605,000 in conjunction with the acquisition of FNB Bancorp as of July 6, 2018.    The following table summarizes the Company’s remaining estimated core deposit intangible amortization at September 30, 2018 (in thousands):

 

     Estimated Core Deposit  
Years Ended    Intangible Amortization  

2018

   $ 1,431  

2019

     5,723  

2020

     5,723  

2021

     5,465  

2022

     4,776  

Thereafter

     7,593