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Goodwill And Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

Goodwill allocated to each reporting unit at December 31, 2020 and December 31, 2019 is presented as follows (the FMS reportable segment includes two reporting units of Consumer Mortgage and Wealth Management):

(in thousands)			Community Banking Reporting Unit						Wholesale Banking Reporting Unit						Consumer Mortgage Reporting Unit						Wealth Management Reporting Unit						Total
Balance as of December 31, 2018			$	17,825					$	11,936					$	3,123					$	24,431					$	57,315
Goodwill acquired			238,498						159,700						41,754						—						439,952
Balance as of December 31, 2019			$	256,323					$	171,636					$	44,877					$	24,431					$	497,267
Goodwill impairment			—						—						(44,877)						—						(44,877)
Balance as of December 31, 2020			$	256,323					$	171,636					$	—					$	24,431					$	452,390

Schedule of Other Intangible Assets

The following table shows the gross carrying amount and accumulated amortization of other intangible assets as of December 31, 2020 and 2019, which primarily consist of core deposit intangible assets acquired in the FCB acquisition. Core deposit intangible assets were $37.6 million at December 31, 2020. The CDI is being amortized over its estimated useful life of approximately ten years utilizing an accelerated method. A recoverability test was performed during the fourth quarter due to the extremely low interest rate environment, resulting in a conclusion that CDI is not impaired as of December 31, 2020. Aggregate other intangible assets amortization expense for the years ended December 31, 2020, 2019, and 2018 was $10.6 million, $11.6 million, and $1.2 million, respectively.

(in thousands)			Gross Carrying Amount						Accumulated Amortization						Net Carrying Value
December 31, 2020
CDI			$	57,400					$	(19,829)					$	37,571
Other			12,500						(4,959)						7,541
Total other intangible assets			$	69,900					$	(24,788)					$	45,112
December 31, 2019
CDI			57,400						(10,436)						$	46,964
Other			12,500						(3,793)						8,707
Total other intangible assets			$	69,900					$	(14,229)					$	55,671

Schedule of Finite-lived Intangible Assets Amortization Expense

The estimated amortization expense of other intangible assets for the next five years is as follows:

(in thousands)			Amortization Expense
2021			$	9,516
2022			8,472
2023			7,429
2024			6,366
2025			5,266

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
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