XML 64 R25.htm IDEA: XBRL DOCUMENT v3.21.1
GOODWILL, CORE DEPOSIT PREMIUM AND OTHER INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2021
Finite-Lived Intangible Assets [Line Items]  
Schedule of Gross Carrying Amount and Accumulated Amortization of Other Intangible Assets The gross carrying amount of these intangible assets and the associated accumulated amortization at March 31, 2021, and December 31, 2020, are presented in the table below, in thousands:
 March 31, 2021December 31, 2020
 Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount		Gross
Carrying
Amount		Accumulated
Amortization		Net
Carrying
Amount
Amortizing intangible assets:    
Core deposit intangibles$101,185 $61,477 $39,708 $101,185 $58,970 $42,215 
Customer relationship intangibles1,177 1,018 159 1,177 1,009 168 
Mortgage servicing rights11,781 5,563 6,218 11,268 6,079 5,189 
Commercial servicing rights7,054 6,319 735 7,054 6,191 863 
Total$121,197 $74,377 $46,820 $120,684 $72,249 $48,435 
Schedule of Estimated Future Amortization Expense of Amortizable Intangible Assets
The following table shows the estimated future amortization expense for amortizable intangible assets, in thousands:
 Core
Deposit
Intangibles		Customer
Relationship
Intangibles		Mortgage
Servicing
Rights		Commercial
Servicing
Rights		 
 
Total
Nine months ending December 31, 2021$6,852 $27 $1,201 $177 $8,257 
Year ending December 31, 
20227,702 34 1,254 207 9,197 
20236,739 33 1,075 149 7,996 
20245,591 33 896 98 6,618 
20254,700 32 717 104 5,553 
20263,533 — 538 — 4,071 
Thereafter4,591 — 537 — 5,128 
Total$39,708 $159 $6,218 $735 $46,820 
Schedule of Servicing Asset at Fair Value and Amortized Cost
The following table summarizes, in thousands, the book value, the fair value of each tranche of the mortgage servicing rights and any recorded valuation allowance at each respective subsidiary at March 31, 2021, and December 31, 2020:
March 31, 2021Book Value 15-Year TrancheFair Value 15-Year TrancheValuation Allowance
15-Year Tranche		Book Value 30-Year TrancheFair Value 30-Year TrancheValuation Allowance
30-Year Tranche
First Bank & Trust$1,667 $1,266 $401 $6,380 $4,952 $1,428 
December 31, 2020
First Bank & Trust$1,522 $1,100 $422 $5,445 $4,089 $1,356 

The following table summarizes, in thousands, the book value, the fair value of each tranche of the commercial servicing rights and any recorded valuation allowance at each respective subsidiary at March 31, 2021, and December 31, 2020:
Book Value
Less than
20 Years		Fair Value
Less than
20 Years		Valuation Allowance
15-Year Tranche		Book Value
More than
20 Years		Fair Value
More than
20 Years		Valuation Allowance
30-Year Tranche
March 31, 2021$80 $230 $— $655 $1,009 $— 
December 31, 2020$87 $203 $— $776 $1,085 $— 
Mortgage servicing rights  
Finite-Lived Intangible Assets [Line Items]  
Summary of Changes in Servicing Rights
The following table summarizes, in thousands, the changes in capitalized mortgage servicing rights for the three months ended March 31, 2021, and March 31, 2020:
 20212020
Balance at January 1,$5,189 $5,621 
Originations512 376 
Amortization(400)(307)
Sale of mortgage servicing rights— — 
Valuation adjustment917 (1,565)
Balance at period end$6,218 $4,125 
Mortgage servicing rights, net to servicing portfolio0.83 %0.67 %
Commercial servicing rights  
Finite-Lived Intangible Assets [Line Items]  
Summary of Changes in Servicing Rights
The following table summarizes, in thousands, the changes in capitalized commercial servicing rights for the three months ended March 31, 2021, and March 31, 2020:
20212020
Balance at January 1,$863 $1,115 
Originations— 38 
Amortization(128)(58)
Balance at period end $735 $1,095 
Fair value of commercial servicing rights $1,239 $1,407 
Commercial servicing rights, net to servicing portfolio 1.18 %1.41 %