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Intangible Assets
12 Months Ended
Dec. 31, 2013
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets
NOTE 8.     INTANGIBLE ASSETS

Intangible assets consist of the following:

 

(dollar amounts in thousands)    Estimated
Useful Life

In Years
     December 31,  
        2013     2012  

Trade Name

     Indefinite       $ 5,700      $ 5,700   

Customer Relationships

     11         9,100        9,100   
     

 

 

   

 

 

 
        14,800        14,800   

Less Accumulated Amortization

        (4,138     (3,313
     

 

 

   

 

 

 
              $ 10,662      $ 11,487   

Intangible assets with finite useful lives are amortized over their respective useful lives. Amortization expense for each of the years ended December 31, 2013, 2012 and 2011 was $0.8 million. Based on the carrying values at December 31, 2013 and assuming no subsequent impairment of the underlying assets, the annual amortization is expected to be $0.8 million in 2014 through 2018 and thereafter.