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Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Schedule of Assets Acquired and Liabilities Assumed

5 Arches Purchase Price Allocation

(In Thousands)		March 1, 2019
Purchase price:
Cash		$	12,575
Contingent consideration, at fair value		24,621
Purchase option, at fair value		5,082
Equity method investment, at fair value		8,052
Total consideration		$	50,330
Allocated to:
Tangible net assets acquired (1)		$	1,004
Goodwill		28,728
Intangible assets		24,800
Deferred tax liability		(4,202		)
Total net assets acquired		$	50,330

(1) 5 Arches net assets acquired consisted of assets of $19 million and liabilities of $18 million as of March 1, 2019.

Schedule of Finite-Lived Intangible Assets

Intangible Assets – Activity

(Dollars in Thousands)		Carrying Value at December 31, 2018				Additions				Amortization Expense				Carrying Value at March 31, 2019				Weighted Average Amortization Period (in years)
Finite-lived intangible assets:
Broker network		$	—			$	18,100			$	(301	)		$	17,799			5
Non-compete agreements		—				2,900				(81		)		2,819				3
Management fee on existing assets under management		—				2,600				(217		)		2,383				1
Tradename		—				1,200				(34		)		1,166				3
Total		$	—			$	24,800			$	(633	)		$	24,167			4

Finite-lived Intangible Assets Amortization Expense

Intangible Asset Amortization Expense by Year

(In Thousands)		March 31, 2019
2019 (9 months)		$	5,690
2020		5,420
2021		4,987
2022		3,848
2023 and thereafter		4,222
Total Future Intangible Asset Amortization		$	24,167

Schedule of Goodwill

Goodwill – Activity

(In Thousands)		Three Months Ended March 31, 2019
Beginning balance		$	—
Goodwill recognized from 5 Arches acquisition		28,728
Impairment		—
Ending Balance		$	28,728

Pro Forma Information

Unaudited Pro Forma Financial Information

		Three Months Ended March 31,
(In Thousands)		2019				2018
Supplementary pro forma information:
Net interest income		$	32,266			$	35,331
Non-interest income		43,849				40,968
Net income		50,311				46,035

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