XML 26 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Goodwill and Other Intangible Assets
 3 Months Ended
Mar. 31, 2012
Goodwill And Other Intangible Assets  
Goodwill and Other Intangible Assets

Note 11 – Goodwill and Other Intangible Assets

 

The following is a summary of the gross carrying amount and accumulated amortization of amortizable intangible assets as of March 31, 2012, December 31, 2011, and March 31, 2011 and the carrying amount of unamortized intangible assets as of those same dates.

 

   March 31, 2012   December 31, 2011   March 31, 2011 

 

($ in thousands)
 

  Gross Carrying
Amount		   Accumulated
Amortization		   Gross Carrying
Amount		   Accumulated
Amortization		   Gross Carrying
Amount		   Accumulated
Amortization		 
Amortizable intangible assets:                              
  Customer lists  $678    372    678    357    678    313 
  Core deposit premiums   7,867    4,499    7,867    4,291    7,867    3,656 
       Total  $8,545    4,871    8,545    4,648    8,545    3,969 
                               
Unamortizable intangible assets:                              
  Goodwill  $65,835         65,835         65,835      

 

Amortization expense totaled $223,000 and $224,000 for the three months ended March 31, 2012 and 2011, respectively.

 

The following table presents the estimated amortization expense for the last three quarters of calendar year 2012 and for each of the four calendar years ending December 31, 2016 and the estimated amount amortizable thereafter. These estimates are subject to change in future periods to the extent management determines it is necessary to make adjustments to the carrying value or estimated useful lives of amortized intangible assets.

 

($ in thousands)
 		   Estimated Amortization
Expense		 
 April 1 to December 31, 2012   $669 
 2013    781 
 2014    678 
 2015    622 
 2016    555 
 Thereafter    369 
         Total   $3,674