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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2017
GOODWILL AND OTHER INTANGIBLE ASSETS |
GOODWILL AND OTHER INTANGIBLE ASSETS | NOTE 8: GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill is not amortized and there have been no changes in goodwill during the years ended December 31, 2017 and 2016. The Company’s other intangibles are being amortized over their estimated useful lives of seven to twenty years. Based on the results of the Company’s assessment, management does not believe any impairment of goodwill or other intangible assets existed at December 31, 2017 or 2016.
Other intangibles assets at December 31, 2017 and 2016 are as follows: |  |  |  |  |  |  |  |  |  |  |
|  | Weighted |  | Gross |  |  |  |  | Net
|  | Amortization |  | Intangible |  | Accumulated |  | Intangible
(Dollars in thousands) |  | Period |  | Assets |  | Amortization |  | Assets
December 31, 2017 |  |  |  |  |  |  |  |  |  |  |
Other intangible assets, net |  |  |  |  |  |  |  |  |  |  |
Core deposits |  | 6.2 years |  | $ | 13,750 |  | $ | (12,051) |  | $ | 1,699
Customer relationships |  | 11.0 years |  |  | 6,629 |  |  | (1,767) |  |  | 4,862
Servicing assets |  | 17.3 years |  |  | 321 |  |  | (112) |  |  | 209
Total other intangible assets, net |  |  |  | $ | 20,700 |  | $ | (13,930) |  | $ | 6,770
December 31, 2016 |  |  |  |  |  |  |  |  |  |  |
Other intangible assets, net |  |  |  |  |  |  |  |  |  |  |
Core deposits |  | 7.1 years |  | $ | 13,750 |  | $ | (11,448) |  | $ | 2,302
Customer relationships |  | 12.0 years |  |  | 6,629 |  |  | (1,326) |  |  | 5,303
Servicing assets |  | 16.8 years |  |  | 263 |  |  | (77) |  |  | 186
Total other intangible assets, net |  |  |  | $ | 20,642 |  | $ | (12,851) |  | $ | 7,791
Servicing Assets A summary of the changes in the servicing assets is as follows:
|  | Year Ended
|  | December 31,
(Dollars in thousands) |  | 2017 |  | 2016
Balance at beginning of year |  | $ | 186 |  | $ | 136
Increase from loan sales |  |  | 58 |  |  | 80
Amortization charges |  |  | (35) |  |  | (30)
Balance at end of period |  | $ | 209 |  | $ | 186
Estimated future amortization for core deposits and customer relationship intangible assets were as follows at December 31, 2017:
(Dollars in thousands) |  | December 31, 2017
2018 |  | $ | 952
2019 |  |  | 860
2020 |  |  | 768
2021 |  |  | 675
2022 |  |  | 584
Thereafter |  |  | 2,722
Total |  | $ | 6,561

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- References No definition available. + Details
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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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