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Note 21 - Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2011

Goodwill and Intangible Assets Disclosure [Text Block]

21.	Goodwill and Intangible Assets

In connection with its annual goodwill impairment analysis during 2009, the Company determined that the value of its previously recorded goodwill was significantly less than the carrying value. This resulted in a one-time, non-cash pretax impairment charge of $52.4 million or 100% of the carrying value. The impairment charge was recorded in noninterest expense and did not negatively impact the Company’s or its subsidiary banks’ regulatory or tangible capital ratios.

Acquired core deposit and customer relationship intangible assets were as follows as of December 31 for the years indicated.


	2011						2010
Amortized Intangible Assets (In thousands)	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Core deposit intangibles	$	12,765	$	10,965	$	1,800	$	12,765	$	10,050	$	2,715
Other customer relationship intangibles		3,689		3,080		609		3,689		2,852		837
Total	$	16,454	$	14,045	$	2,409	$	16,454	$	12,902	$	3,552

Aggregate amortization expense of core deposit and customer relationship intangible assets was $1.1 million, $1.4 million, and $2.0 million for 2011, 2010, and 2009, respectively. Core deposit and customer relationship intangible assets are scheduled to be fully amortized by 2015. Estimated amortization expense over the remaining four years is as follows:


(In thousands)	Amount
2012	$	1,014
2013		540
2014		405
2015		450

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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