XML 104 R17.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Goodwill and Other Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2014
Goodwill and Other Intangible Assets |
Note 9. | Goodwill and Other Intangible Assets
Goodwill Goodwill represents the excess of the purchase price over the fair value of net assets acquired. Goodwill is allocated to the appropriate reporting unit when acquired, if applicable. Before 2009, the cash consideration for meeting certain operating targets, under the agreement terms, was added to goodwill when paid. Beginning in 2009, the estimated future value of the cash consideration is recognized as goodwill at the acquisition date. As of December 31, 2014, there was no remaining potential cash consideration to be paid in connection with acquisitions that occurred before 2009. The Company analyzed the carrying value of goodwill as of October 31, 2014, and determined that no impairment charge was necessary. Additionally, the Company evaluated the impact of the sale of branches to CresCom and concluded that no impairment charge was necessary. The analysis performed for 2014 indicated no goodwill impairment at either reporting unit. The following table presents the activity in goodwill, by reporting unit, in the periods indicated:
(Amounts in thousands) |  | Community Banking |  |  | Insurance Services |  |  | Total |
Beginning balance, January 1, 2012 |  | $ | 75,599 |  |  | $ | 7,457 |  |  | $ | 83,056 |
Acquisitions and dispositions, net |  |  | 21,118 |  |  |  | — |  |  |  | 21,118 |
Cash consideration paid |  |  | — |  |  |  | 692 |  |  |  | 692 |
Ending balance, December 31, 2012 |  | $ | 96,717 |  |  | $ | 8,149 |  |  | $ | 104,866 |
Beginning balance, January 1, 2013 |  | $ | 96,717 |  |  | $ | 8,149 |  |  | $ | 104,866 |
Acquisitions and dispositions, net |  |  | (176 | ) |  |  | 324 |  |  |  | 148 |
Cash consideration paid |  |  | — |  |  |  | 441 |  |  |  | 441 |
Ending balance, December 31, 2013 |  | $ | 96,541 |  |  | $ | 8,914 |  |  | $ | 105,455 |
Beginning balance, January 1, 2014 |  | $ | 96,541 |  |  | $ | 8,914 |  |  | $ | 105,455 |
Acquisitions and dispositions, net |  |  | (6,454 | ) |  |  | — |  |  |  | (6,454 | )
Cash consideration paid |  |  | 1,368 |  |  |  | 353 |  |  |  | 1,721 |
Ending balance, December 31, 2014 |  | $ | 91,455 |  |  | $ | 9,267 |  |  | $ | 100,722 |
Other Intangible Assets The Company’s intangible assets also include core deposit and other identifiable intangible assets. Core deposit intangible assets are amortized over their estimated useful lives that range from 7 to 11 years. As of December 31, 2014, the remaining lives of core deposit intangible assets ranged from 1 to 11 years, and the weighted average remaining life was 9 years. Other identifiable intangible assets consist primarily of the value assigned to contractual rights arising from insurance agency acquisitions. Other identifiable intangible assets are amortized using the straight-line method. The following table presents the components of other intangible assets, by reporting unit, as of the dates indicated:
|  | December 31, |
|  | 2014 |  |  | 2013 |
(Amounts in thousands) |  | Community Banking |  |  | Insurance Services |  |  | Total |  |  | Community Banking |  |  | Insurance Services |  |  | Total |
Core deposit intangibles |  | $ | 12,282 |  |  | $ | — |  |  | $ | 12,282 |  |  | $ | 7,940 |  |  | $ | — |  |  | $ | 7,940 |
Accumulated amortization |  |  | (7,148 | ) |  |  | — |  |  |  | (7,148 | ) |  |  | (6,669 | ) |  |  | — |  |  |  | (6,669 | )
Core deposit intangibles, net |  |  | 5,134 |  |  |  | — |  |  |  | 5,134 |  |  |  | 1,271 |  |  |  | — |  |  |  | 1,271 |
Other identifiable intangibles |  |  | 535 |  |  |  | 3,711 |  |  |  | 4,246 |  |  |  | 535 |  |  |  | 3,711 |  |  |  | 4,246 |
Accumulated amortization |  |  | (437 | ) |  |  | (2,522 | ) |  |  | (2,959 | ) |  |  | (410 | ) |  |  | (2,241 | ) |  |  | (2,651 | )
Other identifiable intangibles, net |  |  | 98 |  |  |  | 1,189 |  |  |  | 1,287 |  |  |  | 125 |  |  |  | 1,470 |  |  |  | 1,595 |
Total other intangible assets, net |  | $ | 5,232 |  |  | $ | 1,189 |  |  | $ | 6,421 |  |  | $ | 1,396 |  |  | $ | 1,470 |  |  | $ | 2,866 |
Amortization expense for other intangible assets was $787 thousand in 2014, $729 thousand in 2013, and $804 thousand in 2012. The following schedule presents the estimated amortization expense for intangible assets, by year, as of December 31, 2014:
(Amounts in thousands) |  |  |
2015 |  | $ | 1,119 |
2016 |  |  | 1,040 |
2017 |  |  | 828 |
2018 |  |  | 631 |
2019 |  |  | 444 |
2020 and thereafter |  |  | 2,115 |
|  | $ | 6,177 |

X
- 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 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration