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Intangible Assets and Goodwill | 12 Months Ended
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Dec. 31, 2019
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, 2019 |  |  |  |  |  |  |  |  |  |  |  |
Core deposit intangibles |  | $ | 35,856 |  |  | $ | (14,131 | ) |  | $ | 21,725 |
Customer relationship intangibles |  |  | 3,391 |  |  |  | (2,508 | ) |  |  | 883 |
Total |  | $ | 39,247 |  |  | $ | (16,639 | ) |  | $ | 22,608 |
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 |
The evaluation of intangible assets for the year ended December 31, 2019 resulted in an impairment of customer relationship intangibles of approximately $353,000 related to BancFirst Insurance Services, Inc. Mortgage servicing intangibles were amortized based on prepayment assumptions and were adjusted to fair value periodically, if impaired. Fair value was estimated based on the present value of future cash flows over several interest rate scenarios, which were then discounted at risk-adjusted rates. The Company considered 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 were compared to observable market data, recent market activity and actual portfolio experience. Estimated amortization of intangible assets for the next five years, as of December 31, 2019, is as follows (dollars in thousands):
Estimated Amortization |  |  |  |
2020 |  | $ | 3,820 |
2021 |  |  | 3,090 |
2022 |  |  | 2,822 |
2023 |  |  | 2,806 |
2024 |  |  | 2,806 |
At December 31, 2019, the weighted-average remaining life of all intangible assets was approximately 7.6 years which consisted of customer relationship intangibles with a weighted-average life of 4.8 years and core deposit intangibles with a weighted-average life of 7.8 years. The following is a summary of goodwill by business segment:
|  |  |  |  |  |  |  |  |  |  |  |  |  | Other |  |  | Executive, |  |  |  |  |
|  | Metropolitan |  |  | Community |  |  | Pegasus |  |  | Financial |  |  | Operations |  |  |  |  |
|  | Banks |  |  | Banks |  |  | Bank |  |  | Services |  |  | & Support |  |  | Consolidated |
|  | (Dollars in thousands) |
Year Ended December 31, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | 13,767 |  |  | $ | 59,894 |  |  | $ | — |  |  | $ | 5,464 |  |  | $ | 624 |  |  | $ | 79,749 |
Acquisitions |  |  | — |  |  |  | — |  |  |  | 68,855 |  |  |  | — |  |  |  | — |  |  |  | 68,855 |
Balance at end of period |  | $ | 13,767 |  |  | $ | 59,894 |  |  | $ | 68,855 |  |  | $ | 5,464 |  |  | $ | 624 |  |  | $ | 148,604 |
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 |
The Company acquired Pegasus Bank on August 15, 2019, which added $68.9 million in goodwill. The Company did not apply push down accounting and therefore the goodwill associated with this acquisition is included at the holding company level.

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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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