GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets [Abstract]

Goodwill and Other Intangible Assets

Note 6 – Goodwill and Other Intangible Assets

The gross carrying amounts and accumulated amortization of intangible assets and goodwill are presented at the dates indicated in the following table:

		March 31, 2020						Weighted		December 31, 2019						Weighted
		Gross				Net		Average		Gross				Net		Average
		Carrying		Accumulated		Carrying		Remaining		Carrying		Accumulated		Carrying		Remaining
(Dollars in thousands)		Amount		Amortization		Amount		Life		Amount		Amortization		Amount		Life
Amortizing intangible assets:
Core deposit intangibles		$	10,678	$	(4,077)	$	6,601	7.8	years	$	10,678	$	(3,689)	$	6,989	8.0	years
Other identifiable intangibles			13,906		(726)		13,180	11.4	years		1,478		(626)		852	9.7	years
	Total amortizing intangible assets	$	24,584	$	(4,803)	$	19,781			$	12,156	$	(4,315)	$	7,841
Goodwill		$	369,708			$	369,708			$	347,149			$	347,149

The amount of goodwill by reportable segment is presented in the following table:

		Community				Investment
(In thousands)		Banking		Insurance		Management		Total
Balance December 31, 2019	$	331,173	$	6,788	$	9,188	$	347,149
Acquisition of Rembert Pendleton Jackson		-		-		22,559		22,559
Balance March 31, 2020	$	331,173	$	6,788	$	31,747	$	369,708

The following table presents the estimated future amortization expense for amortizing intangible assets within the years ending December 31:

(In thousands)		Amount
2020		$	2,893
2021			3,305
2022			2,939
2023			2,573
Thereafter			8,071
	Total amortizing intangible assets	$	19,781