GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2021

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:

	March 31, 2021						December 31, 2020
	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	$	(56,896)	$	12,507	$	69,403	$	(55,572)	$	13,831
Other intangibles		90,462		(53,380)		37,082		90,462		(51,353)		39,109
Total amortizing intangibles	$	159,865	$	(110,276)	$	49,589	$	159,865	$	(106,925)	$	52,940

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

	(000's omitted)
Apr - Dec 2021	$	9,289
2022		10,844
2023		9,082
2024		7,551
2025		6,374
Thereafter		6,449
Total	$	49,589

Shown below are the components of the Company’s goodwill at December 31, 2020 and March 31, 2021:

(000’s omitted)	December 31, 2020		Activity		March 31, 2021
Goodwill, net	$	793,708	$	(252)	$	793,456