GOODWILL AND IDENTIFIABLE INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 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:

	September 30, 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	$	(59,238)	$	10,165	$	69,403	$	(55,572)	$	13,831
Other intangibles		116,799		(57,987)		58,812		90,462		(51,353)		39,109
Total amortizing intangibles	$	186,202	$	(117,225)	$	68,977	$	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)
Oct - Dec 2021	$	3,751
2022		13,668
2023		11,595
2024		9,782
2025		8,349
Thereafter		21,832
Total	$	68,977

Shown below are the components of the Company’s goodwill at December 31, 2020 and September 30, 2021:

(000’s omitted)	December 31, 2020		Activity		September 30, 2021
Goodwill, net	$	793,708	$	5,419	$	799,127