XML 78 R18.htm IDEA: XBRL DOCUMENT
v3.19.3

Goodwill and other intangibles | 9 Months Ended
--- | ---
Sep. 30, 2019
Goodwill [Line Items] |
Goodwill and Intangible Assets Disclosure [Text Block] | Goodwill and Other Intangible Assets The following table shows the activity in goodwill and other intangible assets for the nine months ended September 30, 2019 and 2018.
(in thousands) |  | Goodwill |  | Other intangible assets |  | Total
December 31, 2017 |  | $ | 72,334 |  |  | $ | — |  |  | $ | 72,334 |
Acquired goodwill and other intangible assets |  | 40,405 |  |  | 7,549 |  |  | 47,954 |
Amortization |  | — |  |  | 289 |  |  | 289 |
September 30, 2018 |  | $ | 112,739 |  |  | $ | 7,260 |  |  | $ | 119,999 |
December 31, 2018 |  | $ | 112,739 |  |  | $ | 6,971 |  |  | $ | 119,710 |
Acquired goodwill and other intangible assets |  | 45,260 |  |  | 10,251 |  |  | 55,511 |
Amortization |  | — |  |  | 1,732 |  |  | 1,732 |
September 30, 2019 |  | $ | 157,999 |  |  | $ | 15,490 |  |  | $ | 173,489 |
Park evaluates goodwill for impairment during the second quarter of each year, with financial data as of March 31. Based on the analysis performed during the second quarter of 2019, the Company determined that goodwill for Park's reporting unit, PNB, was not impaired. There have been no subsequent circumstances or events triggering an additional evaluation. Acquired Intangible Assets The following table shows the balance of acquired intangible assets as of September 30, 2019 and December 31, 2018.
|  | September 30, 2019 |  | December 31, 2018
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Other intangible assets: |  |  |  |  |  |  |  |
Core deposit intangible assets |  | $ | 16,500 |  |  | $ | 2,310 |  |  | $ | 6,249 |  |  | $ | 578 |
Trade name intangible assets |  | 1,300 |  |  | — |  |  | 1,300 |  |  | — |
Total |  | $ | 17,800 |  |  | $ | 2,310 |  |  | $ | 7,549 |  |  | $ | 578 |
Core deposit intangible assets are being amortized, on an accelerated basis, over a period of ten years. The trade name intangible is an indefinite life asset and is not amortized, but rather is assessed, at least annually, for impairment. Aggregate amortization expense was $741,000 and $1.7 million for the three and nine months ended September 30, 2019, respectively. Aggregate amortization expense was $289,000 for both the three and nine months ended September 30, 2018. Estimated amortization expense related to core deposit intangible assets for each of the periods listed below follows:
(in thousands) |  | Total
Three months ending December 31, 2019 |  | $ | 741 |
2020 |  | 2,502 |
2021 |  | 2,040 |
2022 |  | 1,725 |
2023 |  | 1,548 |

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_GoodwillLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration