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Goodwill and Acquired Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired intangible assets consist of core deposit intangibles
Acquired intangible assets consist of core deposit intangibles ("CDI"), which are intangible assets arising from the purchase of deposits separately or from the acquisitions of BANKshares in 2014, Grand Bankshares in 2015, and Floridian Financial Group and BMO Harris's Orlando operations, each in 2016. The change in balance for CDI is as follows:
 
 
 
2016
 
2015
 
2014
 
 
 
(In thousands)
 
Beginning of year
 
$
8,594
 
$
7,454
 
$
718
 
Acquired CDI
 
 
8,464
 
 
2,564
 
 
7,769
 
Amortization expense
 
 
(2,486)
 
 
(1,424)
 
 
(1,033)
 
End of year
 
$
14,572
 
$
8,594
 
$
7,454
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In months)
 
Remaining Average Amoritzation Period
 
 
64
 
 
67
 
 
71
 
Gross Carrying Amount and Accumulated Amortization of Intangible Asset
The gross carrying amount and accumulated amortization of the Company's intangible asset subject to amortization at December 31 is presented below.
 
 
 
2016
 
2015
 
 
 
Gross
 
 
 
Gross
 
 
 
 
 
Carrying
 
Accumulated
 
Carrying
 
Accumulated
 
 
 
Amount
 
Amortization
 
Amount
 
Amortization
 
 
 
(In thousands)
 
Deposit base
 
$
18,796
 
$
(4,224)
 
$
19,827
 
$
(11,233)