XML 87 R35.htm IDEA: XBRL DOCUMENT v2.4.0.8
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2013
Goodwill And Other Intangible Assets Tables  
Summary of the gross carrying amount and accumulated amortization of amortizable intangible assets and the carrying amount of unamortized intangible assets

The following is a summary of the gross carrying amount and accumulated amortization of amortized intangible assets as of December 31, 2013 and December 31, 2012 and the carrying amount of unamortized intangible assets as of those same dates. In 2013, the Company recorded a core deposit premium intangible of $586,000 in connection with the acquisition of two branches, which is being amortized on a straight-line basis over the estimated life of the related deposits of seven years. In 2012, the Company recorded a core deposit premium intangible of $107,000 in connection with a branch acquisition, which is being amortized on a straight-line basis over the estimated life of the related deposits of seven years.

 

    December 31, 2013     December 31, 2012  

 

($ in thousands)

   Gross Carrying
Amount		     Accumulated
Amortization		     Gross Carrying
Amount		     Accumulated
Amortization		  
Amortized intangible assets:                                
   Customer lists   $ 678       462     $ 678       417  
   Core deposit premiums     8,560       5,942       7,974       5,128  
        Total   $ 9,238       6,404     $ 8,652       5,545  
                                 
Unamortized intangible assets:                                
   Goodwill   $ 65,835             $ 65,835          
Schedule of the estimated amortization expense for the five succeeding fiscal years

The following table presents the estimated amortization expense for intangible assets for each of the five calendar years ending December 31, 2018 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		  
2014   $ 777  
2015     721  
2016     654  
2017     404  
2018     129  
Thereafter     149  
         Total   $ 2,834