XML 50 R40.htm IDEA: XBRL DOCUMENT v3.22.1
GOODWILL AND OTHER INTANGIBLES (Tables)
 3 Months Ended
Mar. 31, 2022
Goodwill and other Intangible Assets [Abstract]  
Gross Amount and Accumulated Amortization of Other Intangible Assets [Table Text Block]

 

 

As of

 

As of

 

 

March 31,

 

December 31,

 

 

2022

 

2021

(Dollars in thousands)

 

 

 

 

 

Core deposit intangible:

 

 

 

 

 

Gross amount

$

87,544

 

$

87,544

Accumulated amortization

 

(60,896)

 

 

(58,973)

 

Net carrying amount

$

26,648

 

$

28,571

 

 

 

 

 

 

 

Remaining amortization period (in years)

 

7.8

 

 

8.0

 

 

 

 

 

 

 

Purchased credit card relationship intangible:

 

 

 

 

 

Gross amount

$

3,800

 

$

3,800

Accumulated amortization

 

(2,927)

 

 

(2,602)

 

Net carrying amount

$

873

 

$

1,198

 

 

 

 

 

 

 

Remaining amortization period (in years)

 

1.4

 

 

1.7

 

 

 

 

 

 

 

Insurance customer relationship intangible:

 

 

 

 

 

Gross amount

$

1,067

 

$

1,067

Accumulated amortization

 

(940)

 

 

(902)

 

Net carrying amount

$

127

 

$

165

 

 

 

 

 

 

 

Remaining amortization period (in years)

 

0.8

 

 

1.1
Schedule of Expected Amortization Expense [Table Text Block]

 

 

 

Amount

(In thousands)

 

 

2022

$

6,550

2023

 

7,775

2024

 

6,429

2025

 

3,437

2026

 

872

2027 and after

 

2,585

 

 

 

 
Schedule of Goodwill [Table Text Block]

 

 

Mortgage Banking

 

Consumer (Retail) Banking

 

Commercial and Corporate Banking

 

United States Operations

 

Total

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill, January 1, 2020

$

-

 

$

1,406

 

$

-

 

$

26,692

 

$

28,098

 

Merger and acquisitions (1)

 

574

 

 

794

 

 

4,935

 

 

-

 

 

6,303

 

Measurement period adjustment (1)

 

385

 

 

533

 

 

3,313

 

 

-

 

 

4,231

Goodwill, December 31, 2020

$

959

 

$

2,733

 

$

8,248

 

$

26,692

 

$

38,632

 

Measurement period adjustment (2)

 

53

 

 

74

 

 

(148)

 

 

-

 

 

(21)

Goodwill, March 31, 2021

$

1,012

 

$

2,807

 

$

8,100

 

$

26,692

 

$

38,611

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Recognized in connection with the BSPR acquisition on September 1, 2020. Refer to Note 2 - Business Combination included in the 2021 Annual Report on Form 10-K for additional information.

(2)

Relates to the fair value estimate update performed within one year of the closing of the BSPR acquisition, in accordance with ASC Topic 805, "Business Combinations"("ASC 805").