XML 28 R15.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Intangible Assets and Goodwill | 12 Months Ended
--- | ---
Dec. 31, 2018
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, 2018 |  |  |  |  |  |  |  |  |  |  |  |
Core deposit intangibles |  | $ | 25,907 |  |  | $ | (11,113 | ) |  | $ | 14,794 |
Customer relationship intangibles |  |  | 5,699 |  |  |  | (4,115 | ) |  |  | 1,584 |
Mortgage servicing intangibles |  |  | 397 |  |  |  | (305 | ) |  |  | 92 |
Total |  | $ | 32,003 |  |  | $ | (15,533 | ) |  | $ | 16,470 |
As of December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |
Core deposit intangibles |  | $ | 17,447 |  |  | $ | (8,451 | ) |  | $ | 8,996 |
Customer relationship intangibles |  |  | 5,699 |  |  |  | (3,767 | ) |  |  | 1,932 |
Mortgage servicing intangibles |  |  | 439 |  |  |  | (285 | ) |  |  | 154 |
Total |  | $ | 23,585 |  |  | $ | (12,503 | ) |  | $ | 11,082 |
Mortgage servicing intangibles are amortized based on current prepayment assumptions and are adjusted to fair value periodically, if impaired. Fair value is estimated based on the present value of future cash flows over several interest rate scenarios, which are then discounted at risk-adjusted rates. The Company considers portfolio characteristics, contractually specified servicing fees, prepayment assumptions, delinquency rates, late charges, other ancillary revenue, costs to service and other economic factors. When available, fair value estimates and assumptions are compared to observable market data and the recent market activity and actual portfolio experience. Estimated amortization of intangible assets for the next five years, as of December 31, 2018, is as follows (dollars in thousands):
Estimated Amortization |  |  |  |
2019 |  | $ | 3,056 |
2020 |  |  | 2,975 |
2021 |  |  | 2,246 |
2022 |  |  | 1,935 |
2023 |  |  | 1,811 |
At December 31, 2018, the weighted-average remaining life of all intangible assets was approximately 6.7 years which consisted of customer relationship intangibles with a weighted-average life of 5.1 years, core deposit intangibles with a weighted-average life of 6.9 years and mortgage servicing intangibles with a weighted-average life of 2.0 years based on current prepayment assumptions. The following is a summary of goodwill by business segment:
|  |  |  |  |  |  |  |  |  | Other |  |  | Executive, |  |  |  |  |
|  | Metropolitan |  |  | Community |  |  | Financial |  |  | Operations |  |  |  |  |
|  | Banks |  |  | Banks |  |  | Services |  |  | & Support |  |  | Consolidated |
|  | (Dollars in thousands) |
Year Ended December 31, 2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 8,078 |  |  | $ | 39,876 |  |  | $ | 5,464 |  |  | $ | 624 |  |  | $ | 54,042 |
Acquisitions |  |  | 5,689 |  |  |  | 20,018 |  |  |  | — |  |  |  | — |  |  |  | 25,707 |
Balance at end of period |  | $ | 13,767 |  |  | $ | 59,894 |  |  | $ | 5,464 |  |  | $ | 624 |  |  | $ | 79,749 |
Year Ended December 31, 2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning and end of period |  | $ | 8,078 |  |  | $ | 39,876 |  |  | $ | 5,464 |  |  | $ | 624 |  |  | $ | 54,042 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration