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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets [Text Block] | Goodwill and Intangible Assets On October 1, 2018, the Company acquired CoBiz Financial, Inc. ("CoBiz"), parent company of CoBiz Bank. The Company paid total consideration of $944 million, which included $243 million in cash along with the issuance of 7.2 million shares of BOK Financial common stock valued at $701 million in exchange for all the outstanding shares of CoBiz. Goodwill acquired was attributed to synergies expected to be gained through consolidation of administrative functions resulting in cost savings. The purchase price allocation was completed in 2019 with no significant change from the preliminary purchase price allocation.
On May 1, 2018, the Company acquired a majority voting interest in Switchgrass Holdings, LLC, a restaurant franchise owner and operator, pursuant to merchant banking regulations and restrictions. The purchase price for the acquisition was $14 million and included $6.7 million of intangible assets. The following table presents the original cost and accumulated amortization of intangible assets (in thousands):
|  | Dec. 31,
|  | 2019 |  | 2018
Core deposit premiums |  | $ | 103,200 |  |  | $ | 103,200 |
Less accumulated amortization |  | 19,364 |  |  | 5,032 |
Net core deposit premiums |  | 83,836 |  |  | 98,168 |
Other identifiable intangible assets |  | 74,372 |  |  | 63,497 |
Less accumulated amortization |  | 32,937 |  |  | 26,816 |
Net other identifiable intangible assets |  | 41,435 |  |  | 36,681 |
Total intangible assets, net |  | $ | 125,271 |  |  | $ | 134,849 |
Expected amortization expense for intangible assets that will continue to be amortized (in thousands):
|  | Core Deposit Premiums |  | Other Identifiable Intangible Assets |  | Total
2020 |  | $ | 12,892 |  |  | $ | 7,405 |  |  | $ | 20,297 |
2021 |  | 11,893 |  |  | 6,706 |  |  | 18,599 |
2022 |  | 10,981 |  |  | 5,339 |  |  | 16,320 |
2023 |  | 10,145 |  |  | 4,298 |  |  | 14,443 |
2024 |  | 9,379 |  |  | 3,284 |  |  | 12,663 |
Thereafter |  | 28,546 |  |  | 14,403 |  |  | 42,949 |
|  | $ | 83,836 |  |  | $ | 41,435 |  |  | $ | 125,271 |
The changes in the carrying value of goodwill by operating segment are as follows (in thousands):
|  | Commercial Banking |  | Consumer Banking |  | Wealth Management |  | Funds Management and Other |  | Total
Balance, December 31, 2017 |  | 313,270 |  |  | 43,458 |  |  | 90,702 |  |  | — |  |  | 447,430 |
Goodwill recognized during 2018 1 |  | — |  |  | — |  |  | — |  |  | 601,833 |  |  | 601,833 |
Balance, December 31, 2018 |  | 313,270 |  |  | 43,458 |  |  | 90,702 |  |  | 601,833 |  |  | 1,049,263 |
Adjustment 1 |  | 600,661 |  |  | — |  |  | — |  |  | (601,833 | ) |  | (1,172 | )
Balance, December 31, 2019 |  | $ | 913,931 |  |  | $ | 43,458 |  |  | $ | 90,702 |  |  | $ | — |  |  | $ | 1,048,091 |
1 | Goodwill related to the CoBiz acquisition was not yet allocated to the operating segments as of December 31, 2018 and was included in Funds Management and Other in 2018 then allocated during 2019.
The annual goodwill evaluations for 2019 and 2018 did not indicate impairment for any reporting unit. Economic conditions did not indicate that impairment existed for any identifiable intangible assets and therefore no impairment evaluation was performed.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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