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Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

NOTE 5 - GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets consist of the following:

(Dollars in thousands)

 

September 30, 2018

 

 

December 31, 2017

 

Goodwill

 

$

158,728

 

 

$

44,126

 

 

  

 

September 30, 2018

 

 

December 31, 2017

 

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

(Dollars in thousands)

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Core deposit intangibles

 

$

43,578

 

 

$

(14,666

)

 

$

28,912

 

 

$

29,511

 

 

$

(11,335

)

 

$

18,176

 

Other intangible assets

 

 

15,700

 

 

 

(1,498

)

 

 

14,202

 

 

 

1,764

 

 

 

(288

)

 

 

1,476

 

 

 

$

59,278

 

 

$

(16,164

)

 

$

43,114

 

 

$

31,275

 

 

$

(11,623

)

 

$

19,652

 

 

The changes in goodwill and intangible assets during the three and nine months ended September 30, 2018 and 2017 are as follows:

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

(Dollars in thousands)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Beginning balance

 

$

117,777

 

 

$

43,322

 

 

$

63,778

 

 

$

46,531

 

Acquired goodwill

 

 

72,060

 

 

 

—

 

 

 

115,035

 

 

 

152

 

Acquired intangibles

 

 

14,069

 

 

 

—

 

 

 

28,004

 

 

 

—

 

Divestiture

 

 

—

 

 

 

—

 

 

 

(433

)

 

 

(1,339

)

Amortization of intangibles

 

 

(2,064

)

 

 

(870

)

 

 

(4,542

)

 

 

(2,892

)

Ending balance

 

$

201,842

 

 

$

42,452

 

 

$

201,842

 

 

$

42,452