Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

(7) Goodwill and Intangible Assets

There was no change in the carrying amount of goodwill of $76,851 for the periods ended September 30, 2019 and December 31, 2018. Goodwill is not amortized and, instead, management performs an evaluation of goodwill for impairment annually, or more frequently if events or changes in circumstances indicate that the asset might be impaired. Management last performed an evaluation of the Company’s goodwill during the fourth quarter of 2018 and concluded that the Company’s goodwill was not impaired at December 31, 2018.

Acquired intangible assets, other than goodwill, as of September 30, 2019 and December 31, 2018 were as follows:

	2019						2018
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets(1):
MSRs	$	2,255	$	623	$	1,632	$	2,110	$	446	$	1,664
Core deposit intangibles		14,792		7,814		6,978		14,792		7,104		7,688
Total amortized intangible assets	$	17,047	$	8,437	$	8,610	$	16,902	$	7,550	$	9,352

(1)	Excludes fully amortized intangible assets

Aggregate core deposit intangible amortization expense was $235, $26, $710 and $85 for the three and nine months ended September 30, 2019 and 2018, respectively.

Aggregate mortgage servicing rights amortization was $81, $22, $176 and $65 for the three and nine months ended September 30, 2019 and 2018, respectively.

Estimated amortization expense for each of the next five years and thereafter is as follows:

	MSRs		Core deposit intangibles		Total
2019	$	22	$	235	$	257
2020		87		913		1,000
2021		87		891		978
2022		87		868		955
2023		86		841		927
Thereafter		1,263		3,230		4,493
	$	1,632	$	6,978	$	8,610