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Note 9 - Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]
Note
9
.
Goodwill and Other Intangible Assets
 
Goodwill
 
The company has
one
reporting unit for goodwill impairment testing purposes
-- Community Banking. Prior to
October 2016,
the Company maintained
two
reporting units -- Community Banking and Insurance Services. The Insurance Services reporting unit consisted of the Company’s wholly owned subsidiary Greenpoint, which was sold in
October 2016.
The Company performed its annual assessment of goodwill as of
October 31, 2017,
and concluded that
no
impairment charge was necessary.
No
events have occurred after the
2017
analysis to indicate potential impairment.
 
The
following table presents the changes in goodwill, by reporting unit, during the periods indicated:
 
   
Community Banking
    
Insurance Services
    
Total
  
(Amounts in thousands)
                        
Balance January 1, 2015
   $
91,455
     $
9,267
     $
100,722
  
Acquisitions and dispositions, net
    
-
      
(324
 )    
(324
 )
Cash consideration paid
    
-
      
88
      
88
  
Balance December 31, 2015
   $
91,455
     $
9,031
     $
100,486
  
                         
Balance January 1, 2016
   $
91,455
     $
9,031
     $
100,486
  
Acquisitions and dispositions, net
    
1,290
      
(5,997
 )    
(4,707
 )
Other
(1)
    
3,034
      
(3,034
 )    
-
  
Balance December 31, 2016
   $
95,779
     $
-
     $
95,779
  
                         
Balance January 1, 2017
   $
95,779
      
 
     $
95,779
  
Acquisitions and dispositions, net
    
-
      
 
      
-
  
Balance December 31, 2017
   $
95,779
      
 
     $
95,779
  
                                                                                                   
(
1
) Represents the transfer of goodwill after the sale of Greenpoint to
one
reporting unit
 
    
 
Other Intangible Assets
 
The Company
’s other intangible assets include core deposit and other identifiable intangibles. As of
December 31, 2017,
the remaining lives of core deposit intangibles ranged from
5
years to
8
years and the weighted average remaining life was
6
years. Other identifiable intangibles consist primarily of the value assigned to contractual rights arising from insurance agency acquisitions. The following table presents the components of other intangible assets as of the dates indicated:
 
   
December 31,
 
 
  
2017
    
2016
  
(Amounts in thousands)
                
Core deposit intangibles
   $
8,184
     $
11,536
  
Accumulated amortization
    
(2,161
 )    
(4,515
 )
Core deposit intangibles, net
    
6,023
      
7,021
  
Other identifiable intangibles
    
879
      
3,508
  
Accumulated amortization
    
(751
 )    
(3,322
 )
Other identifiable intangibles, net
    
128
      
186
  
Total other intangible assets, net
   $
6,151
     $
7,207
  
 
Amortization expense for
other intangible assets was
$1.06
million in
2017,
$1.14
million in
2016,
and
$1.12
million in
2015.
The following schedule presents the estimated amortization expense for intangible assets, by year, as of
December 31, 2017:
 
(Amounts in thousands)
        
2018
   $
1,044
  
2019
    
1,029
  
2020
    
1,029
  
2021
    
1,015
  
2022
    
997
  
2023 and thereafter
    
1,037
  
Total estimated amortization expense     $
6,151