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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets and Goodwill | The following table presents gross carrying value and accumulated amortization by major intangible asset class as of September 30, 2020 and December 31, 2019 (in thousands):
|  | September 30, 2020 |  |  | December 31, 2019 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Gross Carrying Value |  |  | Accumulated Amortization |
Goodwill not subject to amortization (effective 1/1/02) |  | $ | 108,752 |  |  | $ | 3,760 |  |  | $ | 108,752 |  |  | $ | 3,760 |
Intangibles from branch acquisition |  |  | 3,015 |  |  |  | 3,015 |  |  |  | 3,015 |  |  |  | 3,015 |
Core deposit intangibles |  |  | 32,355 |  |  |  | 20,214 |  |  |  | 32,355 |  |  |  | 17,746 |
Other intangibles |  |  | 16,389 |  |  |  | 4,896 |  |  |  | 16,129 |  |  |  | 3,917 |
|  | $ | 160,511 |  |  | $ | 31,885 |  |  | $ | 160,251 |  |  | $ | 28,438 |
Intangible Assets Mortgage Servicing Rights | The Company has mortgage servicing rights acquired in previous acquisitions. The following table summarizes the activity pertaining to mortgage servicing rights included in intangible assets as of September 30, 2020, September 30, 2019 and December 31, 2019 (in thousands):
|  | September 30, 2020 |  |  | September 30, 2019 |  |  | December 31, 2019 |
Beginning Balance |  | $ | 1,444 |  |  | $ | 2,101 |  |  | $ | 2,101 |
Valuation reserve |  |  | (328 | ) |  |  | (384 | ) |  |  | (380 | )
Mortgage servicing rights amortized |  |  | (415 | ) |  |  | (293 | ) |  |  | (411 | )
I/O Strip |  |  | (40 | ) |  |  | 145 |  |  |  | 134 |
Ending Balance |  | $ | 661 |  |  | $ | 1,569 |  |  | $ | 1,444 |
Schedule of Intangible Assets Amortization Expense | Total amortization expense for the nine months ended September 30, 2020 and 2019 was as follows (in thousands):
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Core deposit intangibles |  | $ | 804 |  |  | $ | 935 |  |  | $ | 2,468 |  |  | $ | 2,868 |
Customer list intangibles |  |  | 326 |  |  |  | 317 |  |  |  | 979 |  |  |  | 952 |
Mortgage servicing rights |  |  | 147 |  |  |  | 121 |  |  |  | 415 |  |  |  | 732 |
|  | $ | 1,277 |  |  | $ | 1,373 |  |  | $ | 3,862 |  |  | $ | 4,552 |
Schedule of Expected Amortization Expense | Aggregate amortization expense for the current year and estimated amortization expense for each of the five succeeding years is shown in the table below (in thousands):
Aggregate amortization expense: |  |  |  |
For period 01/01/20-9/30/20 |  | $ | 3,862 |
Estimated amortization expense: |  |  |  |
For period 10/01/20-12/31/20 |  |  | 1,169 |
For year ended 12/31/21 |  |  | 4,388 |
For year ended 12/31/22 |  |  | 3,931 |
For year ended 12/31/23 |  |  | 3,587 |
For year ended 12/31/24 |  |  | 2,946 |
For year ended 12/31/25 |  |  | 2,633 |

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