GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2020

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

NOTE F: GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

The gross carrying amount and accumulated amortization for each type of identifiable intangible asset are as follows:

	September 30, 2020						December 31, 2019
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
(000's omitted)	Amount		Amortization		Amount		Amount		Amortization		Amount
Amortizing intangible assets:
Core deposit intangibles	$	69,403	$	(54,217)	$	15,186	$	66,475	$	(50,057)	$	16,418
Other intangibles		90,462		(49,183)		41,279		89,266		(42,571)		46,695
Total amortizing intangibles	$	159,865	$	(103,400)	$	56,465	$	155,741	$	(92,628)	$	63,113

The estimated aggregate amortization expense for each of the five succeeding fiscal years ended December 31 is as follows:

	(000's omitted)
Oct - Dec 2020	$	3,525
2021		12,640
2022		10,844
2023		9,082
2024		7,551
Thereafter		12,823
Total	$	56,465

Shown below are the components of the Company’s goodwill at December 31, 2019 and September 30, 2020:

(000’s omitted)	December 31, 2019		Activity		September 30, 2020
Goodwill, net	$	773,810	$	19,939	$	793,749