NOTE R—ACQUISITIONS

In 2008, RIG acquired a book of business with an aggregate purchase price of $1,165,000, of which, all was classified as an intangible asset. Also, on December 31, 2008, RIG acquired Marks Insurance & Associates, Inc. with an aggregate purchase price of $1,853,000, of which $1,300,000 was recorded as an intangible asset and $553,000 was recorded as goodwill. The contingent consideration for both 2008 purchases was calculated based on 2011 results of operations. The contingent consideration of $338,000 is included in goodwill and the other liabilities section of the consolidated statement of condition and was subsequently paid on January 13, 2012.

In 2010, RIG acquired an additional book of business with an aggregate purchase price of $31,000, of which, all was classified as an intangible asset.

The carrying value and accumulated amortization of the intangible assets (customer lists) as of December 31, 2011 and 2010, are as follows:

	2011				2010

In thousands	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortized intangible assets	$	6,417	$	3,368	$	6,415	$	2,727

Amortization of the intangible assets for the five years subsequent to December 31, 2011, is expected to be as follows:

Years Ending	In thousands

2012	$	641
2013		641
2014		641
2015		316
2016		314