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GOODWILL, OTHER INTANGIBLE ASSETS AND MORTGAGE SERVICING RIGHTS (Tables)
9 Months Ended
Sep. 30, 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 nine months ended September 30, 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

 
(6,089
)
 
(8
)
 
(6,097
)
Adjustments(2)

 

 
(217
)
 
(217
)
Balance, September 30, 2019
$
339,154

 
$
26,610

 
$

 
$
365,764


(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
 
$
1,910

2020
 
6,875

2021
 
5,805

2022
 
4,643

2023
 
3,231

Thereafter
 
4,146

 
 
$
26,610


Schedule of Servicing Assets at Amortized Value
An analysis of our mortgage servicing rights for the three and nine months ended September 30, 2019 and 2018 is presented below (in thousands):
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Balance, beginning of the period
$
13,998

 
$
14,521

 
$
14,638

 
$
14,738

Additions—amounts capitalized
1,167

 
952

 
2,524

 
2,636

Additions—through purchase
36

 
47

 
105

 
92

Amortization (1)
(1,404
)
 
(999
)
 
(3,470
)
 
(2,945
)
Balance, end of the period (2)
$
13,797

 
$
14,521

 
$
13,797

 
$
14,521


(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 September 30, 2019 and 2018.