Intangible Assets

12 Months Ended

Dec. 31, 2012

Intangible Assets [Abstract]

Intangible Assets

Note 10 – Intangible Assets

As a result of the acquisition of Alliance Bank Corporation in 2005, American Trust & Savings Bank in 2010 and Heartland in 2012, the Company has recorded certain amortizable intangible assets related to core deposit intangibles. The Core deposit intangible is being amortized over ten years using an accelerated method. Amortizable intangible assets are summarized as follows:

	December 31, 2012					December 31, 2011
	Gross  Carrying Amount		Accumulated Amortization			Gross  Carrying Amount		Accumulated Amortization
Amortizable intangible assets Core deposit intangible	$	6,969	$	(2,921	)	$	4,637	$	(2,345	)

Amortization expense for intangible assets totaled $576,000, $449,000, and $390,000 for the years ended December 31, 2012, 2011 and 2010. Estimated amortization for the years ending December 31 is as follows:

2013	$	759
2014		749
2015		602
2016		502
2017		502
Thereafter		934
	$	4,048