Intangible Assets

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangibles

7. INTANGIBLE ASSETS

The following is a summary of intangible assets subject to amortization and those not subject to amortization:

	September 30, 2021
	Community Banking					Mortgage Banking				Total
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Core deposit intangible assets	$	101,767	($	80,519	)	$	0	$	0	$	101,767	($	80,519	)
Non-amortized intangible assets:
George Mason trade name	$	0				$	1,080			$	1,080
Crescent trade name		0					196				196
Total	$	0				$	1,276			$	1,276
Goodwill not subject to amortization	$	1,804,725				$	5,315			$	1,810,040
	December 31, 2020
	Community Banking					Mortgage Banking				Total
	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Core deposit intangible assets	$	101,767	($	76,120	)	$	0	$	0	$	101,767	($	76,120	)
Non-amortized intangible assets:
George Mason trade name	$	0				$	1,080			$	1,080
Crescent trade name		0					196				196
Total	$	0				$	1,276			$	1,276
Goodwill not subject to amortization	$	1,791,533				$	5,315			$	1,796,848

United incurred amortization expense of $1,466 and $4,399 for the three and nine months ended September 30, 2021 as compared to $1,691 and $4,914 for the three and nine months ended September 30, 2020, respectively.

For the first nine months of 2021, goodwill of $13,192 was recorded for the Carolina Financial acquisition due to measurement period adjustments in current and deferred income taxes. The following table provides a reconciliation of goodwill:

	Community Banking		Mortgage Banking		Total
Goodwill at December 31, 2020	$	1,791,533	$	5,315	$	1,796,848
Goodwill from Carolina Financial acquisition		13,192		0		13,192
Goodwill at September 30, 2021	$	1,804,725	$	5,315	$	1,810,040

The following table sets forth the anticipated amortization expense for intangible assets for the years subsequent to 2020:​​​​​​​

Year	Amount
2021	$	5,866
2022		4,983
2023		4,680
2024		3,255
2025		2,942
2026 and thereafter		3,921