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Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2020

Goodwill and Other Intangible Assets

Schedule of carrying amount of goodwill by operating segment

The carrying amount of goodwill by operating segment, at December 31, 2020 and 2019 is as follows (dollars in thousands):


		As of December 31,
		2020			2019
Goodwill:
Banking		$	288,436		$	288,436
Remittance Processing			8,992			8,992
Wealth Management			14,108			14,108
Total goodwill		$	311,536		$	311,536

Schedule of other intangible asset disclosures

Core deposit and customer relationship intangible assets are amortized over the estimated period benefited. Intangible asset disclosures are as follows (dollars in thousands):


		As of and for the Years Ended December 31,
		2020									2019
					Customer									Customer
		Core deposit			relationship						Core deposit			relationship
		intangible			intangible			Total			intangible			intangible			Total
Intangible assets, gross		$	90,256		$	24,608		$	114,864		$	90,256		$	24,208		$	114,464
Accumulated amortization			46,909			15,970			62,879			39,156			13,715			52,871
Intangible assets, net		$	43,347		$	8,638		$	51,985		$	51,100		$	10,493		$	61,593

Amortization expense		$	7,753		$	2,255		$	10,008		$	7,963		$	1,584		$	9,547

Schedule of carrying amount of amortized intangible assets

Future expense for the amortization of intangible assets, as estimated at December 31, 2020, is summarized in the table below for the periods presented (dollars in thousands):


														Customer
											Core deposit			relationship
Estimated amortization expense at December 31, 2020:											intangible			intangible			Total
2021											$	7,259		$	2,060		$	9,319
2022												6,749			1,797			8,546
2023												6,226			1,469			7,695
2024												5,686			1,141			6,827
2025												4,915			879			5,794
Thereafter												12,512			1,292			13,804
Total estimated amortization expense											$	43,347		$	8,638		$	51,985