Goodwill And Other Intangible Assets

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

9.	GOODWILL AND OTHER INTANGIBLE ASSETS

The following table presents the changes in the carrying amount of goodwill for the periods presented.


	As of and for the Year Ended December 31,
	2016		2015
	(Dollars in thousands)
Balance, beginning of period	$	74,244	$	74,244
Addition from the CCB acquisition		15,289		-

Balance, end of period	$	89,533	$	74,244

The following summarizes activity of amortizable core deposit intangible (“CDI”) assets for the periods presented.


	As of and For the Year Ended December 31,
	2016						2015
	Gross CDI		Accumulated		Net CDI		Gross CDI		Accumulated		Net CDI
	Amount		Amortization		Amount		Amount		Amortization		Amount
	(Dollars in thousands)
Balance of intangible assets, beginning of period	$	34,089	$	(31,824)	$	2,265	$	34,089	$	(30,875)	$	3,214
Additions due to acquisitions		3,851						-

Balance of intangible assets, end of period	$	37,940	$	(32,930)	$	5,010	$	34,089	$	(31,824)	$	2,265

Aggregate amortization expense:
For year ended December 31,	$	1,106					$	949
Estimated Amortization Expense:
For the year ending December 31, 2017	$	1,066
For the year ending December 31, 2018		989
For the year ending December 31, 2019		751
For the year ending December 31, 2020		402
Thereafter		1,802

At December 31, 2016 the weighted average remaining life of intangible assets is approximately 3.41 years.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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