Core Deposit and Other Intangibles

9 Months Ended

Sep. 30, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Core Deposit and Other Intangibles

CORE DEPOSIT AND OTHER INTANGIBLES

On April 17, 2015, the C Financial acquisition resulted in a core deposit intangible of $981,000. Additionally, on June 12, 2015, the sale of FMIG resulted in an other intangible reduction of $742,000. Additional details of these transactions can be found in NOTE 2. ACQUISITIONS AND DIVESTITURES, included within the Notes to Consolidated Condensed Financial Statements of this Quarterly Report on Form 10-Q.

The carrying basis and accumulated amortization of recognized core deposit and other intangibles are noted below.

	September 30, 2015			September 30, 2014
Gross Carrying Amount	$	58,360		$	53,702
Core deposit and other intangibles acquired	981
Accumulated amortization	(44,472		)	(41,659		)
Core deposit and other intangibles reduction	(742		)
Core deposit and other intangibles	$	14,127		$	12,043

Estimated future amortization expense is summarized as follows:

	Amortization Expense
2015	$	693
2016	2,734
2017	2,697
2018	1,584
2019	1,356
After 2019	5,063
	$	14,127