Note

Goodwill and Other Intangible Assets

Goodwill

The Company has

one

reporting unit for goodwill impairment testing purposes, Community Banking. 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

2019

and concluded that the carrying value of goodwill was

not

impaired.

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:

(Amounts in thousands)
Balance January 1, 2017	$	95,779
Acquisitions and dispositions, net		-
Balance December 31, 2017	$	95,779

Balance January 1, 2018	$	95,779
Acquisitions and dispositions, net		(1,543	)
Impairment charges		(1,492	)
Balance December 31, 2018	$	92,744

Balance January 1, 2019	$	92,744
Acquisitions and dispositions, net		36,821
Balance December 31, 2019	$	129,565

Other Intangible Assets

As of

December 31, 2019,

the remaining lives of core deposit intangibles ranged from

years to

years with a weighted average remaining life of

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,
	2019			2018			2017
(Amounts in thousands)
Core deposit intangibles	$	8,184		$	8,184		$	8,184
Acquisitions and dispositions, net		4,490			-			-
Accumulated amortization		(4,155	)		(3,158	)		(2,161	)
Core deposit intangibles, net		8,519			5,026			6,023
Other identifiable intangibles		-			535			879
Accumulated amortization		-			(535	)		(751	)
Other identifiable intangibles, net		-			-			128
Total other intangible assets, net	$	8,519		$	5,026		$	6,151

Amortization expense for other intangible assets was

$997

thousand in

2019,

$1.04

million in

2018,

and

$1.06

million in

2017.

The following schedule presents the estimated amortization expense for intangible assets, by year, as of

December 31, 2019:

(Amounts in thousands)
2020	$	1,446
2021		1,446
2022		1,446
2023		880
2024		856
2025 and thereafter		2,445
Total estimated amortization expense	$	8,519