Goodwill and other intangible assets

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure

Goodwill And Other Intangible Assets

Note 15 – Goodwill and other intangible assets

Goodwill

There were no changes in the carrying amount of goodwill for the quarters ended March 31, 2019 and 2018.

The following tables present the gross amount of goodwill and accumulated impairment losses by reportable segments:

March 31, 2019
	Balance at				Balance at		Balance at				Balance at
	January 1,		Accumulated		January 1,		March 31,		Accumulated		March 31,
	2019		impairment		2019		2019		impairment		2019
(In thousands)	(gross amounts)		losses		(net amounts)		(gross amounts)		losses		(net amounts)
Banco Popular de Puerto Rico	$	324,049	$	3,801	$	320,248	$	324,049	$	3,801	$	320,248
Popular U.S.		515,285		164,411		350,874		515,285		164,411		350,874
Total Popular, Inc.	$	839,334	$	168,212	$	671,122	$	839,334	$	168,212	$	671,122

December 31, 2018
	Balance at				Balance at		Balance at				Balance at
	January 1,		Accumulated		January 1,		December 31,		Accumulated		December 31,
	2018		impairment		2018		2018		impairment		2018
(In thousands)	(gross amounts)		losses		(net amounts)		(gross amounts)		losses		(net amounts)
Banco Popular de Puerto Rico	$	280,221	$	3,801	$	276,420	$	324,049	$	3,801	$	320,248
Popular U.S.		515,285		164,411		350,874		515,285		164,411		350,874
Total Popular, Inc.	$	795,506	$	168,212	$	627,294	$	839,334	$	168,212	$	671,122

Other Intangible Assets

At March 31,2019 and December 31, 2018, the Corporation had $ 6.1million of identifiable intangible assets with indefinite useful lives, mostly associated with the E-LOAN trademark.

The following table reflects the components of other intangible assets subject to amortization:

		Gross				Net
		Carrying		Accumulated		Carrying
(In thousands)		Amount		Amortization		Value
March 31, 2019
	Core deposits	$	37,224	$	27,000	$	10,224
	Other customer relationships		34,915		27,205		7,710
	Trademark		488		65		423
Total other intangible assets		$	72,627	$	54,270	$	18,357
December 31, 2018
	Core deposits	$	37,224	$	26,070	$	11,154
	Other customer relationships		34,915		25,847		9,068
	Trademark		488		41		447
Total other intangible assets		$	72,627	$	51,958	$	20,669

During the quarterended March 31,2019, the Corporation recognized $ 2.3 million in amortization expense related to other intangible assets with definite useful lives (March 31,2018 - $ 2.3 million).

The following table presents the estimated amortization of the intangible assets with definite useful lives for each of the following periods:

(In thousands)
Remaining 2019	$	6,828
Year 2020		5,065
Year 2021		2,254
Year 2022		1,378
Year 2023		1,338
Later years		1,494