GOODWILL, OTHER INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)

3 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Goodwill and Intangible Assets

The following table summarizes the changes in the Company’s goodwill and other intangibles for the three months ended March 31, 2019 and the year ended December 31, 2018 (in thousands):

	Goodwill		CDI			LHI			Total
Balance, December 31, 2017	$	242,659	$	22,378		$	277		$	265,314
Additions through acquisitions(1)	96,495		16,368			—			112,863
Amortization	—		(6,047		)	(52		)	(6,099		)
Balance, December 31, 2018	339,154		32,699			225			372,078
Amortization	—		(2,052		)	—			(2,052		)
Adjustments(2)	—		—			(225		)	(225		)
Balance, March 31, 2019	$	339,154	$	30,647		$	—		$	369,801

⁽¹⁾ The additions to goodwill and CDI in 2018 relate to the acquisition of Skagit.

⁽²⁾ The adjustment to LHI represents a reclassification to the right of use lease asset in connection with the implementation of Lease Topic 842.

Schedule of Estimated Annual Amortization Expense

The following table presents the estimated amortization expense with respect to CDI for the periods indicated (in thousands):

	Estimated Amortization
Remainder of 2019	$	5,905
2020	6,888
2021	5,816
2022	4,651
2023	3,237
Thereafter	4,150
	$	30,647

Schedule of Servicing Assets at Amortized Value

An analysis of our mortgage servicing rights for the three months ended March 31, 2019 and 2018 is presented below (in thousands):

	Three Months Ended March 31,
	2019			2018
Balance, beginning of the period	$	14,638		$	14,738
Additions—amounts capitalized	672			821
Additions—through purchase	47			15
Amortization (1)	(940		)	(957		)
Balance, end of the period (2)	$	14,417		$	14,617

⁽¹⁾  Amortization of mortgage servicing rights is recorded as a reduction of loan servicing income within mortgage banking operations and any unamortized balance is fully amortized if the loan repays in full.

⁽²⁾  There was no valuation allowance as of March 31, 2019 and 2018.