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Goodwill and other intangibles | 6 Months Ended
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Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | Goodwill and Other Intangible Assets The following tables show the activity in goodwill and other intangible assets for the three-month and six-month periods ended June 30, 2020 and 2019.
(in thousands) |  | Goodwill |  | Other intangible assets |  | Total
April 1, 2019 |  | $ | 112,739 |  |  | $ | 6,682 |  |  | $ | 119,421 |
Acquired goodwill and other intangible assets |  | 45,318 |  |  | 10,251 |  |  | 55,569 |
Amortization |  | — |  |  | 702 |  |  | 702 |
June 30, 2019 |  | $ | 158,057 |  |  | $ | 16,231 |  |  | $ | 174,288 |
April 1, 2020 |  | $ | 159,595 |  |  | $ | 10,917 |  |  | $ | 170,512 |
Acquired goodwill and other intangible assets |  | — |  |  | — |  |  | — |
Amortization |  | — |  |  | 607 |  |  | 607 |
June 30, 2020 |  | $ | 159,595 |  |  | $ | 10,310 |  |  | $ | 169,905 |
(in thousands) |  | Goodwill |  | Other intangible assets |  | Total
December 31, 2018 |  | $ | 112,739 |  |  | $ | 6,971 |  |  | $ | 119,710 |
Acquired goodwill and other intangible assets |  | 45,318 |  |  | 10,251 |  |  | 55,569 |
Amortization |  | — |  |  | 991 |  |  | 991 |
June 30, 2019 |  | $ | 158,057 |  |  | $ | 16,231 |  |  | $ | 174,288 |
December 31, 2019 |  | $ | 159,595 |  |  | $ | 11,523 |  |  | $ | 171,118 |
Acquired goodwill and other intangible assets |  | — |  |  | — |  |  | — |
Amortization |  | — |  |  | 1,213 |  |  | 1,213 |
June 30, 2020 |  | $ | 159,595 |  |  | $ | 10,310 |  |  | $ | 169,905 |
Park evaluates goodwill for impairment during the second quarter of each year, with financial data as of March 31. Based on the analysis performed as of April 1, 2020, the Company determined that goodwill for Park's reporting unit, PNB, was not impaired. During the second quarter of 2020, management determined that the deterioration in general economic conditions as a result of the COVID-19 pandemic and responses thereto represented a triggering event prompting an evaluation of goodwill impairment. Based on the analysis performed during the second quarter of 2020, the Company determined that goodwill was not impaired. Management continues to monitor economic factors to evaluate goodwill impairment. Acquired Intangible Assets The following table shows the balance of acquired intangible assets as of June 30, 2020 and December 31, 2019.
|  | June 30, 2020 |  |  |  | December 31, 2019 |  |
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Other intangible assets: |  |  |  |  |  |  |  |
Core deposit intangible assets |  | $ | 14,456 |  |  | $ | 4,146 |  |  | $ | 14,456 |  |  | $ | 2,933 |
Trade name intangible assets |  | 1,300 |  |  | 1,300 |  |  | 1,300 |  |  | 1,300 |
Total |  | $ | 15,756 |  |  | $ | 5,446 |  |  | $ | 15,756 |  |  | $ | 4,233 |
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 represented a definite useful life asset, and impairment was recorded during the fourth quarter of 2019. Core deposit intangible assets are being amortized, on an accelerated basis, over a period of ten years. Aggregate amortization expense was $607,000 and $702,000 for the three months ended June 30, 2020 and 2019, respectively and was $1.2 million and $991,000 for the six months ended June 30, 2020 and 2019, respectively. Estimated amortization expense related to core deposit intangible assets for each of the next five years follows:
(in thousands) |  | Total
Six months ending December 31, 2020 |  | $ | 1,050 |
2021 |  | 1,798 |
2022 |  | 1,487 |
2023 |  | 1,323 |
2024 |  | 1,215 |

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- 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
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