XML 58 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2011
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes the changes in goodwill:
 
2011
 
2010
 
2009
 
(in thousands)
Balance at beginning of year
$
535,518

 
$
534,862

 
$
534,385

Other goodwill additions, net
487

 
656

 
477

Balance at end of year
$
536,005

 
$
535,518

 
$
534,862

Schedule of Finite-Lived Intangible Assets by Major Class
The following table summarizes intangible assets as of December 31:
 
2011
 
2010
 
Gross
 
Accumulated
Amortization
 
Net
 
Gross
 
Accumulated
Amortization
 
Net
 
(in thousands)
Amortizing:
 
 
 
 
 
 
 
 
 
 
 
Core deposit
$
50,279

 
$
(44,134
)
 
$
6,145

 
$
50,279

 
$
(40,475
)
 
$
9,804

Other
11,403

 
(10,607
)
 
796

 
11,878

 
(10,484
)
 
1,394

Total amortizing
61,682

 
(54,741
)
 
6,941

 
62,157

 
(50,959
)
 
11,198

Non-amortizing
1,263

 

 
1,263

 
1,263

 

 
1,263

 
$
62,945

 
$
(54,741
)
 
$
8,204

 
$
63,420

 
$
(50,959
)
 
$
12,461

Schedule of Expected Amortization Expense
Core deposit intangible assets are amortized using an accelerated method over the estimated remaining life of the acquired core deposits. As of December 31, 2011, these assets had a weighted average remaining life of approximately four years. Other amortizing intangible assets, consisting primarily of premiums paid on branch acquisitions in prior years that did not qualify for business combinations accounting under FASB ASC Topic 810, had a weighted average remaining life of three years. All other amortizing intangible assets had a weighted average remaining life of approximately five years. Amortization expense related to intangible assets totaled $4.3 million, $5.2 million and $5.7 million in 2011, 2010 and 2009, respectively.
Amortization expense for the next five years is expected to be as follows (in thousands):
Year
 
2012
$
3,008

2013
2,240

2014
1,340

2015
310

2016
43