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Goodwill and Identifiable Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill by segment

The table below illustrates goodwill by segment for the years ended December 31, 2016 and 2015 ($ in thousands):

 

 

 

General

 

 

 

 

 

 

 

 

 

 

 

Banking

 

 

Insurance

 

 

Total

 

Balance as of January 1, 2015

 

$

321,132

 

 

$

44,368

 

 

$

365,500

 

Goodwill from purchase of insurance book of business during 2015

 

 

 

 

 

656

 

 

 

656

 

Balance as of December 31, 2015

 

 

321,132

 

 

 

45,024

 

 

 

366,156

 

Adjustment during 2016

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2016

 

$

321,132

 

 

$

45,024

 

 

$

366,156

 

 

Schedule of identifiable intangible assets

At December 31, 2016 and 2015, identifiable intangible assets consisted of the following ($ in thousands):

 

 

 

December 31, 2016

 

 

December 31, 2015

 

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Core deposit intangibles

 

$

85,824

 

 

$

67,843

 

 

$

17,981

 

 

$

85,824

 

 

$

61,603

 

 

$

24,221

 

Insurance intangibles

 

 

13,824

 

 

 

11,615

 

 

 

2,209

 

 

 

13,824

 

 

 

11,117

 

 

 

2,707

 

Banking charters

 

 

1,325

 

 

 

877

 

 

 

448

 

 

 

1,325

 

 

 

811

 

 

 

514

 

Borrower relationship intangible

 

 

690

 

 

 

648

 

 

 

42

 

 

 

690

 

 

 

586

 

 

 

104

 

Total

 

$

101,663

 

 

$

80,983

 

 

$

20,680

 

 

$

101,663

 

 

$

74,117

 

 

$

27,546

 

The following table illustrates the carrying amounts and remaining weighted-average amortization periods of identifiable intangible assets as of December 31, 2016 ($ in thousands):

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Average

 

 

 

Net Carrying

 

 

Amortization

 

 

 

Amount

 

 

Period in Years

 

Core deposit intangibles

 

$

17,981

 

 

 

5.6

 

Insurance intangibles

 

 

2,209

 

 

 

15.1

 

Banking charters

 

 

448

 

 

 

6.7

 

Borrower relationship intangible

 

 

42

 

 

 

0.6

 

Total

 

$

20,680

 

 

 

6.6