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Intangible Assets (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Goodwill, gross [1] $ 104,168 $ 104,168
Goodwill, net [1] 104,168 104,168
Intangible assets, additions 1,338 602
Intangible assets, accumulated amortization (5,836) (4,808)
Intangible assets and goodwill, gross 111,710 111,625
Intangible assets, net 107,212 107,419
Core Deposits [Member]    
Intangible assets, gross [2] 7,070 7,070
Intangible assets, accumulated amortization [2] (5,355) (4,291)
Finite-Lived Intangible Assets, Net [2] 1,715 2,779
Excess Servicing [Member]    
Intangible assets, gross [3] 472 387
Intangible assets, additions [3] 993 602
Intangible assets, accumulated amortization [3] (481) (517)
Finite-Lived Intangible Assets, Net [3] 984 $ 472
Non-compete Agreements [Member]    
Intangible assets, additions [4] 345  
Finite-Lived Intangible Assets, Net [4] $ 345  
[1] The Company recorded an initial amount of unidentified intangible (goodwill) incident to the acquisition of Fidelity of approximately $360 thousand. Based on allowable adjustments through August 31, 2009, the unidentified intangible (goodwill) amounted to approximately $2.2 million. The Company recorded an initial amount of unidentified intangible (goodwill) incident to the acquisition of Virginia Heritage of approximately $102 million.
[2] In connection with the Fidelity and Virginia Heritage acquisitions, the Company made an allocation of the purchase price to core deposit intangibles which were $2.3 million and $4.6 million, respectively, based off of an independent evaluation and are included in intangible assets, net of accumulated amortization on the Consolidated Balance Sheets. The initial amount recorded for the Fidelity acquisition was $2.3 million. The amount of the core deposit intangible relating to the Fidelity acquisition at December 31, 2017 was $58 thousand, which is being amortized over its remaining economic life through 2018 as a component of other noninterest expense. The initial amount recorded for the Virginia Heritage acquisition was $4.6 million. The amount of the core deposit intangible relating to the Virginia Heritage acquisition at December 31, 2017 was $1.7 million, which is being amortized over its remaining economic life through 2020 as a component of other noninterest expense.
[3] The Company recognizes a servicing asset for the computed value of servicing fees on the sale of multifamily FHA loans and the sale of the guaranteed portion of SBA loans. Assumptions related to loan terms and amortization are made to arrive at the initial recorded values, which are included in other assets.
[4] The Company entered into a non-compete agreement for three years with its former Vice Chairman of the Bank. The amount of the non-compete intangible was $345 thousand, which is being amortized over its remaining term through 2020 as a component of professional fees.