GOODWILL AND OTHER INTANGIBLE ASSETS, NET

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

At September 30, 2019 and December 31, 2018, the Company had goodwill of $37.1 million. The Company evaluates goodwill impairment as of August 31 each year, and more frequently if events or circumstances indicate that there may be impairment. The Company completed its most recent annual goodwill impairment test as of August 31, 2019 and determined that no goodwill impairment existed.

Core deposit intangibles are amortized over their useful lives ranging from four to ten years. As of September 30, 2019, the weighted average remaining amortization period for core deposit intangibles was approximately 4.9 years.



($ in thousands)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
September 30, 2019
Core deposit intangibles	$	30,904	$	26,299	$	4,605
December 31, 2018
Core deposit intangibles	$	30,904	$	24,558	$	6,346

Aggregate amortization of intangible assets was $500 thousand and $693 thousand for the three months ended September 30, 2019 and 2018, respectively and $1.7 million and $2.4 million for the nine months ended September 30, 2019 and 2018, respectively. The following table presents estimated future amortization expenses as of September 30, 2019:



($ in thousands)	Remainder of 2019		2020		2021		2022		2023		2024 and After		Total
Estimated future amortization expense	$	454	$	1,518	$	1,082	$	799	$	517	$	235	$	4,605