XML 161 R17.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Goodwill and Other Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | Goodwill and Other Intangible Assets The following table shows the activity in goodwill and other intangible assets for the years ended December 31, 2019 and 2018.
(in thousands) |  | Goodwill |  | Other Intangible Assets |  | Total
January 1, 2018 |  | $ | 72,334 |  |  | $ | — |  |  | $ | 72,334 |
Acquired goodwill and other intangible assets |  | 40,405 |  |  | 7,549 |  |  | 47,954 |
Amortization |  | — |  |  | 578 |  |  | 578 |
December 31, 2018 |  | $ | 112,739 |  |  | $ | 6,971 |  |  | $ | 119,710 |
Acquired goodwill and other intangible assets |  | 46,856 |  |  | 8,207 |  |  | 55,063 |
Amortization |  | — |  |  | 2,355 |  |  | 2,355 |
Trade name intangible impairment |  | — |  |  | 1,300 |  |  | 1,300 |
December 31, 2019 |  | $ | 159,595 |  |  | $ | 11,523 |  |  | $ | 171,118 |
Goodwill impairment exists when a reporting unit's carrying value exceeds its fair value. At April 1, 2019, the Company's reporting unit, PNB, had positive equity and the Company elected to perform a qualitative assessment to determine if it was more likely than not that the fair value of the reporting unit exceeded its carrying value, including goodwill. The qualitative assessment indicated that it was more likely than not that the fair value of the reporting unit exceeded its carrying value, resulting in no impairment. 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 December 31, 2019 and 2018.
| 2019 |  |  |  | 2018 |  |
(in thousands) | Gross Carrying Amount |  | Accumulated Amortization/Impairment |  | Gross Carrying Amount |  | Accumulated Amortization
Other intangible assets: |  |  |  |  |  |  |
Core deposit intangibles | $ | 14,456 |  |  | $ | 2,933 |  |  | $ | 6,249 |  |  | $ | 578 |
Trade name intangible | 1,300 |  |  | 1,300 |  |  | 1,300 |  |  | — |
Total | $ | 15,756 |  |  | $ | 4,233 |  |  | $ | 7,549 |  |  | $ | 578 |
During 2019, Park announced its 2020 rebranding initiative to operate all 12 banking divisions of PNB under one name. The NewDominion trade name intangible was initially recorded assuming an indefinite useful life. Considering Park's rebranding initiative, Park concluded that the trade name intangible now represents a definite life asset, and impairment was recorded during 2019. Core deposit intangibles are being amortized, on an accelerated basis, over a period of ten years. Amortization expense for the core deposit intangibles was $2.4 million and $0.6 million for the years ended December 31, 2019 and 2018, respectively. The following is a schedule of estimated amortization expense for each of the next five years:
(in thousands) |  | Total
2020 |  | $ | 2,263 |
2021 |  | 1,798 |
2022 |  | 1,487 |
2023 |  | 1,323 |
2024 |  | 1,215 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

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