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Intangible Assets and Goodwill (Tables)
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

The following is a summary of intangible assets:

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

 

(Dollars in thousands)

 

As of March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

35,562

 

 

$

(14,540

)

 

$

21,022

 

Customer relationship intangibles

 

 

3,391

 

 

 

(2,563

)

 

 

828

 

Total

 

$

38,953

 

 

$

(17,103

)

 

$

21,850

 

As of December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

35,856

 

 

$

(14,131

)

 

$

21,725

 

Customer relationship intangibles

 

 

3,391

 

 

 

(2,508

)

 

 

883

 

Total

 

$

39,247

 

 

$

(16,639

)

 

$

22,608

 

Summary of Goodwill by Business Segment

The following is a summary of goodwill by business segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

Executive,

 

 

 

 

 

 

 

Metropolitan

 

 

Community

 

 

Pegasus

 

 

Financial

 

 

Operations

 

 

 

 

 

 

 

Banks

 

 

Banks

 

 

Bank

 

 

Services

 

 

& Support

 

 

Consolidated

 

 

 

(Dollars in thousands)

 

Three months ended March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at beginning of period

 

$

13,767

 

 

$

59,894

 

 

$

68,855

 

 

$

5,464

 

 

$

624

 

 

$

148,604

 

Acquisitions

 

 

 

 

 

1,319

 

 

 

 

 

 

 

 

 

 

 

 

1,319

 

Balance at beginning and end of period

 

$

13,767

 

 

$

61,213

 

 

$

68,855

 

 

$

5,464

 

 

$

624

 

 

$

149,923