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Intangible Assets
6 Months Ended
Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

(5)

INTANGIBLE ASSETS

The following is a summary of intangible assets:

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

 

(Dollars in thousands)

 

As of June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

13,198

 

 

$

(6,720

)

 

$

6,478

 

Customer relationship intangibles

 

 

5,699

 

 

 

(2,880

)

 

 

2,819

 

Mortgage servicing intangibles

 

 

595

 

 

 

(211

)

 

 

384

 

Total

 

$

19,492

 

 

$

(9,811

)

 

$

9,681

 

As of December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

13,198

 

 

$

(6,013

)

 

$

7,185

 

Customer relationship intangibles

 

 

5,699

 

 

 

(2,699

)

 

 

3,000

 

Mortgage servicing intangibles

 

 

643

 

 

 

(193

)

 

 

450

 

Total

 

$

19,540

 

 

$

(8,905

)

 

$

10,635

 

The following is a summary of goodwill by business segment:

 

 

 

 

 

 

 

 

 

 

 

Other

 

 

Executive,

 

 

 

 

 

 

 

Metropolitan

 

 

Community

 

 

Financial

 

 

Operations

 

 

 

 

 

 

 

Banks

 

 

Banks

 

 

Services

 

 

& Support

 

 

Consolidated

 

 

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2014

 

$

8,078

 

 

$

30,970

 

 

$

5,464

 

 

$

450

 

 

$

44,962

 

Impairment

 

 

 

 

 

(368

)

 

 

 

 

 

 

 

 

(368

)

Balance at June 30, 2015

 

$

8,078

 

 

$

30,602

 

 

$

5,464

 

 

$

450

 

 

$

44,594

 

In June 2015, the Company recorded an impairment loss of $368,000 after adopting a plan in the second quarter to close a small branch and leave a full-service ATM to serve the community.   

Additional information for intangible assets can be found in Note (7) to the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.