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Goodwill and other intangibles
 9 Months Ended
Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Disclosure [Text Block] Goodwill and Other Intangible Assets
The following tables show the activity in goodwill and other intangible assets for the three-month and nine-month periods ended September 30, 2020 and 2019.
(in thousands)GoodwillOther
intangible assets		Total
July 1, 2019$158,057 $16,231 $174,288 
Acquired goodwill and other intangible assets(58)— (58)
Amortization— 741 741 
September 30, 2019$157,999 $15,490 $173,489 
July 1, 2020$159,595 $10,310 $169,905 
Acquired goodwill and other intangible assets— — — 
Amortization— 525 525 
September 30, 2020$159,595 $9,785 $169,380 
 
(in thousands)GoodwillOther
intangible assets		Total
December 31, 2018$112,739 $6,971 $119,710 
Acquired goodwill and other intangible assets45,260 10,251 55,511 
Amortization— 1,732 1,732 
September 30, 2019$157,999 $15,490 $173,489 
December 31, 2019$159,595 $11,523 $171,118 
Acquired goodwill and other intangible assets— — — 
Amortization— 1,738 1,738 
September 30, 2020$159,595 $9,785 $169,380 
 
Park evaluates goodwill for impairment during the second quarter of each year, with financial data as of March 31. Based on the analysis performed as of April 1, 2020, the Company determined that goodwill for Park's reporting unit, PNB, was not impaired. During each of the second and third quarters of 2020, management determined that the deterioration in general economic conditions as a result of the COVID-19 pandemic and responses thereto represented a triggering event prompting an evaluation of goodwill impairment. Based on the analysis performed during each of the second and third quarters of 2020, the Company determined that goodwill was not impaired. Management continues to monitor economic factors to evaluate goodwill impairment.

Acquired Intangible Assets

The following table shows the balance of acquired intangible assets as of September 30, 2020 and December 31, 2019.

September 30, 2020December 31, 2019
(in thousands)Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Other intangible assets:
Core deposit intangible assets$14,456 $4,671 $14,456 $2,933 
Trade name intangible assets1,300 1,300 1,300 1,300 
Total$15,756 $5,971 $15,756 $4,233 

During 2019, Park announced its 2020 rebranding initiative to operate all 12 banking divisions of PNB under one name. The NewDominion trade name intangible was initially recorded assuming an indefinite useful life. Considering Park's rebranding initiative, Park concluded that the trade name intangible represented a definite useful life asset, and impairment of $1.3 million was recorded during the fourth quarter of 2019.
Core deposit intangible assets are being amortized, on an accelerated basis, over a period of ten years. Aggregate amortization expense was $525,000 and $741,000 for the three months ended September 30, 2020 and 2019, respectively, and was $1.7 million for each of the nine months ended September 30, 2020 and 2019.

Estimated amortization expense related to core deposit intangible assets for each of the next five years follows:

(in thousands)Total
Three months ending December 31, 2020$525 
20211,798 
20221,487 
20231,323 
20241,215