GOODWILL

The Ameriana acquisition on December 31, 2015 and the C Financial acquisition on April 17, 2015 resulted in goodwill of $37,753,000 and $11,126,000, respectively. On June 12, 2015, the sale of FMIG resulted in a goodwill reduction of $8,474,000. Additionally, on November 7, 2014, the Community acquisition resulted in goodwill of $13,776,000. Details regarding the acquisitions and sale are discussed in Note 2. ACQUISITIONS AND DIVESTITURES, in the Notes to Consolidated Financial Statements included as Item 8 of this Annual Report on Form 10-K.

No impairment loss was recorded in 2015 or 2014. The Corporation tested goodwill for impairment during 2015 and 2014. In both valuations, the fair value exceeded the Corporation’s carrying value; therefore, it was concluded goodwill is not impaired. For additional details related to impairment testing, see the “GOODWILL” section of Management’s Discussion and Analysis of Financial Condition and Results of Operations included as Item 7 of this Annual Report on Form 10-K.



	2015			2014
Balance, January 1	$	202,724		$	188,948
Goodwill acquired	48,879			13,776
Goodwill reduction	$	(8,474	)
Balance, December 31	$	243,129		$	202,724