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

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

 

 

 

December 31, 2017

 

 

December 31, 2016

 

 

 

(In thousands)

 

Beginning of the year

 

$

208

 

 

$

 

Acquired goodwill-OLCB

 

 

19,168

 

 

 

 

Acquired goodwill-Insurance Agencies

 

 

209

 

 

 

208

 

Effect of Adjustments-James & Sons Insurance

 

 

636

 

 

 

 

Impairment

 

 

 

 

End of the year

 

$

20,221

 

 

$

208

 

 

Schedule of Acquired Intangible Assets

Acquired Intangible Assets

 

 

 

As of  December 31,

 

 

 

2017

 

 

2016

 

 

 

Gross

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Accumulated

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amortization

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

11,184

 

 

$

9,250

 

 

$

8,952

 

 

$

8,947

 

Customer list intangible

 

 

2,222

 

 

 

162

 

 

 

1,400

 

 

 

44

 

Total

 

$

13,406

 

 

$

9,412

 

 

$

10,352

 

 

$

8,991

 

 

Estimated Amortization Expense

Estimated amortization expense for the next five years is as follows:

 

 

Estimated

 

 

 

Amortization

 

 

 

Expense

 

2018

 

$

448,000

 

2019

 

 

448,000

 

2020

 

 

448,000

 

2021

 

 

448,000

 

2022

 

 

448,000