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Note 8 - Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2012

Goodwill and Intangible Assets Disclosure [Text Block]

8. GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents changes in the carrying amount of goodwill for the three-year period ended December 31, 2012.

Changes in the Carrying Amount of Goodwill

(Dollar amounts in thousands)

Balance at January 1, 2010	$	262,886
Goodwill acquired through FDIC-assisted transaction		7,941
Balance at December 31, 2010		270,827
Adjustment to goodwill recorded in 2010 (1)		(5,350	)
Adjusted balance at January 1, 2011		265,477
2011 activity		-
Balance at December 31, 2011		265,477
2012 activity		-
Balance at December 31, 2012	$	265,477

(1)	Goodwill was adjusted based on additional information received in 2011 relating to the acquisition date value of certain assets and liabilities.

The Company’s annual goodwill impairment test was performed as of October 1, 2012. It was determined that no impairment existed as of that date. For a discussion of the accounting policies for goodwill and other intangible assets, refer to Note 1, Summary of Significant Accounting Policies.”

The Company’s other intangible assets are core deposit premiums, which are being amortized over their estimated useful lives. The Company’s annual impairment testing was performed as of November 30, 2012 by comparing the carrying value of intangibles with our anticipated discounted future cash flows, and it was determined that no impairment existed as of that date.

Core Deposit Intangibles

(Dollar amounts in thousands)

	Years Ended December 31,
	2012									2011									2010
	Gross			Accumulated Amortization			Net			Gross			Accumulated Amortization			Net			Gross			Accumulated Amortization			Net
Balance at the beginning of the year	$	34,318		$	16,145			$18,173		$	42,832		$	22,276			$20,556		$	36,591		$	17,998			$18,593
Additions		781			-			781			1,419			-			1,419			6,242			-			6,242
Amortization expense		-			3,372			(3,372)			-			3,802			(3,802)			-			4,279			(4,279)
Fully amortized assets		(1,324	)		(1,324	)		-			(9,933	)		(9,933	)		-			(1	)		(1	)		-
Balance at the end of the year	$	33,775		$	18,193			$15,582		$	34,318		$	16,145			$18,173		$	42,832		$	22,276			$20,556
Weighted-average remaining life (in years)								6.4									6.9									7.3
Estimated useful lives (in years)							3.3	to	12.8							3.3	to	12.6							3.3	to	12.6

Scheduled Amortization of Other Intangible Assets

(Dollar amounts in thousands)

	Total
Year ending December 31,
2013	$	3,278
2014		2,689
2015		2,500
2016		2,424
2017		1,643
2018 and thereafter		3,048
Total	$	15,582

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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