Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

On February 28, 2014, the Company acquired GTRUST Financial Corporation ("GTRUST"), a Topeka-based independent trust and asset management company with approximately $631 million of assets under management or custody at the date of acquisition.

On April 30, 2014, the Company acquired MBM Advisors, a Houston-based independent, full service retirement and pension plan investment firm and an SEC registered investment adviser with approximately $1.3 billion of assets under management at the date of acquisition.

The purchase price for acquisitions in 2014 totaled approximately $27 million including $23 million paid in cash and $4 million of contingent consideration. The purchase price allocation included $14 million of identifiable intangible assets and $18 million of goodwill. The pro-forma impact of these transactions was not material to the Company's consolidated financial statements.

The following table presents the original cost and accumulated amortization of intangible assets (in thousands):



	December 31,
	2014		2013
Core deposit premiums	$	33,749	$	33,749
Less accumulated amortization	33,088		32,656
Net core deposit premiums	661		1,093

Other identifiable intangible assets	50,288		36,511
Less accumulated amortization	16,573		13,040
Net other identifiable intangible assets	33,715		23,471

Total intangible assets, net	$	34,376	$	24,564

Expected amortization expense for intangible assets that will continue to be amortized (in thousands):



	Core Deposit Premiums		Other Identifiable Intangible Assets		Total
2015	$	393	$	3,967	$	4,360
2016	247		3,967		4,214
2017	21		3,735		3,756
2018	—		3,078		3,078
2019	—		2,816		2,816
Thereafter	—		16,152		16,152
	$	661	$	33,715	$	34,376

The changes in the carrying value of goodwill by operating segment for the year ended December 31, 2014 are as follows (in thousands):



	Commercial			Consumer			Wealth Management		Total
Balance, December 31, 2012
Goodwill	$	271,162		$	39,251		$	51,794	$	362,207
Accumulated impairment losses	—			(228		)	—		(228		)
	271,162			39,023			51,794		361,979

Goodwill adjustments during 2013	(2,220		)	—			—		(2,220		)

Balance, December 31, 2013
Goodwill	268,942			39,251			51,794		359,987
Accumulated impairment losses	—			(228		)	—		(228		)
	268,942			39,023			51,794		359,759

Goodwill acquired during 2014	421			—			17,600		18,021

Balance, December 31, 2014
Goodwill	269,363			39,251			69,394		378,008
Accumulated Impairment	—			(228		)	—		(228		)
	$	269,363		$	39,023		$	69,394	$	377,780

The annual goodwill evaluations for 2014 and 2013 did not indicate impairment for any reporting unit. Economic conditions did not indicate that impairment existed for any identifiable intangible assets and therefore no impairment evaluation was performed.

- 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.

+ References+ Details