GOODWILL AND INTANGIBLE ASSETS:

12 Months Ended

Dec. 31, 2011

GOODWILL AND INTANGIBLE ASSETS:

GOODWILL AND INTANGIBLE ASSETS:

9.     GOODWILL AND INTANGIBLE ASSETS:

The Corporation completed its annual impairment testing of goodwill during the second quarter of 2011 and 2010. Management does not believe any amount of goodwill is impaired.

Intangible assets subject to amortization at December 31, 2011 and 2010 are as follows:

	2011				2010
	Gross		Accumulated		Gross		Accumulated
(Dollar amounts in thousands)	Amount		Amortization		Amount		Amortization
Customer list intangible	$	4,055	$	3,409	$	4,055	$	3,222
Core deposit intangible	8,600		4,104		6,546		3,231
	$	12,655	$	7,513	$	10,601	$	6,453

In late December 2010 Forrest Sherer, Inc. paid $609 thousand to acquire an insurance agency. The only identifiable asset purchased was a customer list intangible of $609.

In late December 2011 First Financial Bank paid $47.0 million to acquire Freestar Bank. The intangible assets purchased were the core deposit intangible of $2.1 million and goodwill of $29.8million.

Aggregate amortization expense was $1.06 million, $1.38 million and $950 thousand for 2011, 2010 and 2009, respectively.

Estimated amortization expense for the next five years is as follows:

	In thousands
2012	$	1,356
2013	1,098
2014	799
2015	585
2016	444