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GOODWILL AND INTANGIBLE ASSETS (Tables)
3 Months Ended
Mar. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Change in Goodwill

The change in goodwill during the periods presented is as follows:

 

 

March 31, 2017

 

 

December 31, 2016

 

 

(In thousands)

 

Beginning of the year

$

208

 

 

$

 

Effect of adjustments

 

824

 

 

 

 

Acquired goodwill OLCB

 

18,240

 

 

 

208

 

Acquired goodwill Eich Brothers Insurance

 

188

 

 

 

 

Impairment

 

 

 

End of the year

$

19,460

 

 

$

208

 

 

Schedule of Acquired Intangible Assets

Acquired Intangible Assets:

 

 

March 31, 2017

 

 

December 31, 2016

 

 

Gross

 

 

 

 

 

 

Gross

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Accumulated

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amortization

 

 

(In thousands)

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

$

11,184

 

 

$

9,002

 

 

$

8,952

 

 

$

8,947

 

Customer list intangible

 

2,162

 

 

 

72

 

 

 

1,400

 

 

 

44

 

Total

$

13,346

 

 

$

9,074

 

 

$

10,352

 

 

$

8,991

 

 

Estimated Amortization Expense

Estimated amortization expense for the remainder of 2017 and the next five years is as follows:

 

Remainder of 2017

$

336,000

 

2018

 

448,000

 

2019

 

448,000

 

2020

 

448,000

 

2021

 

448,000

 

2022

 

448,000