Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in goodwill for the year ended December 31, 2016 and 2015 for each reporting unit are shown in the table below:



	Banking			Financial Services			Total
December 31, 2014:
Goodwill	$	40,902		$	7,474		$	48,376
Accumulated impairment losses	—			(3,570		)	(3,570		)
Reported goodwill	40,902			3,904			44,806
2015 activity⁽¹⁾	50,851			—			50,851
December 31, 2015:
Goodwill	91,753			7,474			99,227
Accumulated impairment losses	—			(3,570		)	(3,570		)
Reported goodwill	91,753			3,904			95,657
2016 activity⁽¹⁾	(960		)	—			(960		)
December 31, 2016:
Goodwill	90,793			7,474			98,267
Accumulated impairment losses	—			(3,570		)	(3,570		)
Reported goodwill	$	90,793		$	3,904		$	94,697


(1)	On October 16, 2015, the Company completed the Merger and goodwill of $49.9 million after recording a measurement-period adjustment decreasing goodwill of $960,000 in 2016 upon completion of purchase accounting. Refer to Note 2 for additional details and discussion.

The Company performs its annual goodwill impairment assessment as of November 30^th, and at interim periods if indicators of potential impairment exist. The Company completed its annual goodwill impairment test as of November 30, 2016, 2015 and 2014 for each reporting unit and

. Other Intangible Assets

The changes in core deposit intangible and trust relationship intangible assets for the year ended December 31, 2016 and 2015 are shown in the table below:



	Core Deposit Intangible								Trust Relationship Intangible
	Gross		Accumulated Amortization			Net			Gross		Accumulated Amortization			Net			Total
Balance at December 31, 2014	$	17,300	$	(14,161	)	$	3,139		$	753	$	(527	)	$	226		$	3,365
2015 activity	6,608		(1,231		)	5,377			—		(75		)	(75		)	5,302
Balance at December 31, 2015	23,908		(15,392		)	8,516			753		(602		)	151			8,667
2016 activity	—		(1,828		)	(1,828		)	—		(75		)	(75		)	(1,903		)
Balance at December 31, 2016	$	23,908	$	(17,220	)	$	6,688		$	753	$	(677	)	$	76		$	6,764

On October 16, 2015, the Company completed the Merger and, in doing so, recorded core deposit intangible assets of $6.6 million. The core deposit intangible assets will amortize over a 10 year period using an accelerated depreciation method that aligns with the estimated economic benefit of the asset.

For the year ended December 31, 2016, 2015 and 2014, the Company recorded amortization expense of $1.9 million, $1.3 million and $1.1 million, respectively.

The following table reflects the expected amortization schedule for intangible assets over the period of estimated economic benefit (assuming no additional intangible assets are created or impaired):



	Core Deposit Intangible		Trust Relationship Intangible		Total
2017	$	1,735	$	76	$	1,811
2018	725		—		725
2019	705		—		705
2020	682		—		682
2021	655		—		655
Thereafter	2,186		—		2,186
Total	$	6,688	$	76	$	6,764

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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