Core Deposit and Other Intangibles

3 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Core Deposit and Other Intangibles

CORE DEPOSIT AND OTHER INTANGIBLES

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

	March 31, 2016			March 31, 2015
Gross carrying amount	$	16,635		$	16,031
Accumulated amortization	(978		)	(721		)
Measurement period adjustment	2,142
Core deposit and other intangibles	$	17,799		$	15,310

Core deposit and other intangibles are recorded on the acquisition date of an entity. During the measurement period, the Corporation may record subsequent adjustments to core deposit and other intangibles for provisional amounts recorded at the acquisition date. There was a $2,142,000 measurement period adjustment recorded during the three months ended March 31, 2016 related to the Ameriana acquisition.

Estimated future amortization expense is summarized as follows:

	Amortization Expense
2016	$	2,933
2017	3,614
2018	2,299
2019	1,914
2020	1,733
After 2020	5,306
	$	17,799