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Goodwill and Other Intangible Assets (Tables) - Other Intangible Assets
12 Months Ended
Dec. 31, 2019
Goodwill and Other Intangible Assets  
Schedule of other intangible assets

The following table sets forth the other intangible assets activity (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

December 31, 2018

 

 

Gross 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

Carrying

 

Accumulated

 

 

 

 Carrying

 

Accumulated

 

 

 

    

Value

    

Amortization

    

Total

    

Value

    

Amortization

    

Total

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Broker relationships

 

$

25,000

 

$

(10,807)

 

$

14,193

 

$

25,000

 

$

(7,683)

 

$

17,317

Borrower relationships

 

 

14,400

 

 

(4,980)

 

 

9,420

 

 

14,400

 

 

(3,540)

 

 

10,860

Below market leases

 

 

4,010

 

 

(2,548)

 

 

1,462

 

 

4,010

 

 

(1,811)

 

 

2,199

Acquired technology

 

 

900

 

 

(900)

 

 

 —

 

 

900

 

 

(737)

 

 

163

Infinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fannie Mae DUS license

 

 

17,100

 

 

 —

 

 

17,100

 

 

17,100

 

 

 —

 

 

17,100

Freddie Mac Program Plus license

 

 

8,700

 

 

 —

 

 

8,700

 

 

8,700

 

 

 —

 

 

8,700

FHA license

 

 

3,200

 

 

 —

 

 

3,200

 

 

3,200

 

 

 —

 

 

3,200

 

 

$

73,310

 

$

(19,235)

 

$

54,075

 

$

73,310

 

$

(13,771)

 

$

59,539

 

Schedule of estimated amortization expense for each of the succeeding five years

At December 31, 2019, the weighted average remaining lives of our amortizable finite-lived intangible assets and the estimated amortization expense for each of the succeeding five years are as follows ($ in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Wtd. Avg.

    

Estimated Amortization Expense for the 

 

 

Remaining Life

 

Years Ending December 31,

 

    

(in years)

    

2020

    

2021

    

2022

    

2023

    

2024

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Broker relationships

 

4.5

 

$

3,125

 

$

3,125

 

$

3,125

 

$

3,125

 

$

1,693

Borrower relationships

 

6.5

 

 

1,440

 

 

1,440

 

 

1,440

 

 

1,440

 

 

1,440

Below market leases

 

4.8

 

 

684

 

 

126

 

 

126

 

 

126

 

 

126

 

 

5.3

 

$

5,249

 

$

4,691

 

$

4,691

 

$

4,691

 

$

3,259