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Note 9 - Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2018
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. In October 2018, the Company sold its remaining insurance agency assets to BI in exchange for an equity interest in BI. In connection with the divestiture, the Company recognized a one -time goodwill impairment charge of $1.49 million. The Company used the fair value of the equity interest in BI as the basis for determining the goodwill impairment. The Company performed its annual assessment of goodwill during the fourth quarter of 2018 and concluded that the carrying value of goodwill was not impaired. No events have occurred after the 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, 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 |
Balance January 1, 2018 |  | $ | 95,779 |  |  |  |  |  |  | $ | 95,779 |
Acquisitions and dispositions, net |  |  | (1,543 | ) |  |  |  |  |  |  | (1,543 | )
Impairment charges |  |  | (1,492 | ) |  |  |  |  |  |  | (1,492 | )
Balance December 31, 2018 |  | $ | 92,744 |  |  |  |  |  |  | $ | 92,744 |
( 1 ) Represents the transfer of goodwill after the sale of Greenpoint to one reporting unit |  |
Other Intangible Assets As of December 31, 2018, the remaining lives of core deposit intangibles ranged from 4 years to 7 years with a weighted average remaining life of 5 years. Other identifiable intangibles currently consist primarily of the value assigned to contractual rights arising from FCWM. The following table presents the components of other intangible assets as of the dates indicated:
|  | December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
(Amounts in thousands) |  |  |  |  |  |  |  |  |  |  |  |
Core deposit intangibles |  | $ | 8,184 |  |  | $ | 8,184 |  |  | $ | 11,536 |
Accumulated amortization |  |  | (3,158 | ) |  |  | (2,161 | ) |  |  | (4,515 | )
Core deposit intangibles, net |  |  | 5,026 |  |  |  | 6,023 |  |  |  | 7,021 |
Other identifiable intangibles |  |  | 535 |  |  |  | 879 |  |  |  | 3,508 |
Accumulated amortization |  |  | (535 | ) |  |  | (751 | ) |  |  | (3,322 | )
Other identifiable intangibles, net |  |  | - |  |  |  | 128 |  |  |  | 186 |
Total other intangible assets, net |  | $ | 5,026 |  |  | $ | 6,151 |  |  | $ | 7,207 |
Amortization expense for other intangible assets was $1.04 million in 2018, $1.06 million in 2017, and $1.14 million in 2016. The following schedule presents the estimated amortization expense for intangible assets, by year, as of December 31, 2018:
(Amounts in thousands) |  |  |  |
2019 |  | $ | 997 |
2020 |  |  | 997 |
2021 |  |  | 997 |
2022 |  |  | 997 |
2023 |  |  | 431 |
2024 and thereafter |  |  | 607 |
Total estimated amortization expense |  | $ | 5,026 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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