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INTANGIBLE ASSETS AND GOODWILL
12 Months Ended
Dec. 31, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL

(7) INTANGIBLE ASSETS AND GOODWILL

The following is a summary of intangible assets:

 

     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
 
     (Dollars in thousands)  

As of December 31, 2013

  

Core deposit intangibles

   $ 10,963       $ (4,620   $ 6,343   

Customer relationship intangibles

     5,699         (2,337     3,362   

Mortgage servicing intangibles

     718         (150     568   
  

 

 

    

 

 

   

 

 

 

Total

   $ 17,380       $ (7,107   $ 10,273   
  

 

 

    

 

 

   

 

 

 

As of December 31, 2012

  

Core deposit intangibles

   $ 14,800       $ (7,142   $ 7,658   

Customer relationship intangibles

     5,657         (1,986     3,671   

Mortgage servicing intangibles

     855         (101     754   
  

 

 

    

 

 

   

 

 

 

Total

   $ 21,312       $ (9,229   $ 12,083   
  

 

 

    

 

 

   

 

 

 

Estimated amortization of intangible assets for the next five years, as of December 31, 2013, is as follows (dollars in thousands):

 

Estimated Amortization

  

2014

   $ 1,557   

2015

     1,545   

2016

     1,303   

2017

     1,223   

2018

     1,214   

At December 31, 2013, the weighted-average remaining life of all intangible assets was approximately 7.4 years which consisted of customer relationship intangibles with a weighted-average life of 9.7 years, core deposit intangibles with a weighted-average life of 6.6 years and mortgage servicing intangibles with a weighted-average life of 3.3 years based on current prepayment assumptions.

The following is a summary of goodwill by business segment:

 

     Metropolitan
Banks
     Community
Banks
     Other
Financial
Services
     Executive,
Operations
& Support
     Consolidated  
     (Dollars in thousands)  

Year Ended December 31, 2013

              

Balance at beginning and end of period

   $ 8,078       $ 30,553       $ 5,464       $ 450       $ 44,545   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Year Ended December 31, 2012

              

Balance at beginning and end of period

   $ 8,078       $ 30,553       $ 5,464       $ 450       $ 44,545