Other Intangible Assets

12 Months Ended

Dec. 31, 2017

Goodwill

The changes in goodwill for the year ended December 31, 2017 and 2016 for each reporting unit are shown in the table below:



	Banking			Financial Services			Total
Balance as of January 1, 2016:
Goodwill	$	91,753		$	7,474		$	99,227
Accumulated impairment losses	—			(3,570		)	(3,570		)
Reported goodwill	91,753			3,904			95,657
Measurement-period adjustment (Note 2)	(960		)	—			(960		)
Balance as of 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
Balance as of January 1 and December 31, 2017:
Goodwill	$	90,793		$	7,474		$	98,267
Accumulated impairment losses	—			(3,570		)	(3,570		)
Reported goodwill	$	90,793		$	3,904		$	94,697

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, 2017, 2016 and 2015 for each reporting unit and determined there was no goodwill impairment.

Other Intangible Assets

The gross carrying amount and accumulated amortization of other intangible assets were as follows at the periods indicated:



	December 31,
	2017							2016
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Core deposit intangible	$	23,908	$	(18,953	)	$	4,955	$	23,908	$	(17,220	)	$	6,688
Trust relationship intangible	753		(753		)	—		753		(677		)	76
Total	$	24,661	$	(19,706	)	$	4,955	$	24,661	$	(17,897	)	$	6,764

For the year ended December 31, 2017, 2016 and 2015, the Company recorded amortization expense of $1.8 million, $1.9 million and $1.3 million, respectively.

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



	Core Deposit Intangible
2018	$	725
2019	705
2020	682
2021	655
2022	625
Thereafter	1,563
Total	$	4,955

- 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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