XML 60 R47.htm IDEA: XBRL DOCUMENT v3.10.0.1
GOODWILL, OTHER INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)
 12 Months Ended
Dec. 31, 2018
Other Intangible Assets and Mortgage Servicing Rights [Abstract]  
Schedule of Changes in Goodwill and Intangible Assets
The following table summarizes the changes in the Company’s goodwill, CDI and LHI for the years ended December 31, 2018, 2017 and 2016 (in thousands):
 
Goodwill
 
CDI
 
LHI
 
Total
Balance, January 1, 2016
$
247,738

 
$
36,762

 
$
710

 
$
285,210

Amortization
—

 
(7,061
)
 
(249
)
 
(7,310
)
Other changes (1)
(3,155
)
 
—

 
—

 
(3,155
)
Balance, December 31, 2016
244,583

 
29,701

 
461

 
274,745

Amortization
—

 
(6,247
)
 
(184
)
 
(6,431
)
Adjustments to goodwill(2)
(1,924
)
 
(1,076
)
 
—

 
(3,000
)
Balance, December 31, 2017
242,659

 
22,378

 
277

 
265,314

Additions through acquisition(3)
96,495

 
16,368

 
—

 
112,863

Amortization
—

 
(6,047
)
 
(52
)
 
(6,099
)
Balance, December 31, 2018
$
339,154

 
$
32,699

 
$
225

 
$
372,078



(1) 
The adjustments to goodwill in 2016 related to changes in the preliminary goodwill recorded for the Starbuck Bancshares, Inc. acquisition including adjustments to loan discount, deferred taxes and REO valuations.
(2) 
Acquired Goodwill and CDI were adjusted for the sale of the Utah branches in 2017.
Schedule of Estimated Annual Amortization Expense
Estimated amortization expense in future years with respect to CDI as of December 31, 2018 (in thousands):
Year ended:
Estimated Amortization
2019
$
7,957

2020
6,888

2021
5,816

2022
4,651

Thereafter
7,387

Net carrying amount
$
32,699
Schedule of Mortgage Servicing Rights at Amortized Value
An analysis of the mortgage servicing rights for the years ended December 31, 2018, 2017 and 2016 is presented below (in thousands):
 
Years Ended December 31
 
2018
 
2017
 
2016
Balance, beginning of the year
$
14,738

 
$
15,249

 
$
13,295

Amounts capitalized
3,623

 
3,361

 
5,965

Additions through purchase
166

 
94

 
—

Amortization (1)
(3,889
)
 
(3,966
)
 
(4,011
)
Balance, end of the year (2)
$
14,638

 
$
14,738

 
$
15,249


(1) 
Amortization of mortgage servicing rights is recorded as a reduction of loan servicing income and any unamortized balance is fully written off if the loan repays in full.
(2) 
There was no valuation allowance as of December 31, 2018 and 2017.