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Other Intangibles
9 Months Ended
Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangibles
OTHER INTANGIBLES

Core deposit intangibles and other intangibles are recorded on the acquisition date of an entity. During the measurement period, the Corporation may record subsequent adjustments to these intangibles for provisional amounts recorded at the acquisition date. The IAB acquisition on July 14, 2017 resulted in a core deposit intangible of $13,638,000 and other intangibles, consisting of non-compete intangibles, of $3,765,000. The Arlington Bank acquisition on May 19, 2017 resulted in a core deposit intangible of $4,526,000. The Ameriana acquisition on December 31, 2015 resulted in a core deposit intangible of $5,342,000, of which, $2,142,000 was recorded as a measurement period adjustment in the first quarter of 2016. Details regarding the IAB and Arlington Bank acquisitions are discussed in NOTE 2. ACQUISITIONS, in the Notes to Consolidated Financial Statements of this Quarterly Report on Form 10-Q.


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

September 30, 2017

December 31, 2016
Gross carrying amount
$
63,940


$
61,798

Core deposit intangibles acquired
18,164



Other intangibles acquired
3,765

 
 
Measurement period adjustment


2,142

Accumulated amortization
(52,666
)

(49,074
)
Total other intangibles
$
33,203


$
14,866




The core deposit intangibles and other intangibles are being amortized primarily on an accelerated basis over their estimated useful lives, generally over a period of two to ten years. Estimated future amortization expense is summarized as follows:
 
Amortization Expense
2017
$
2,055

2018
6,719

2019
5,169

2020
3,632

2021
3,427

After 2021
12,201

 
$
33,203