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Intangible Assets (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Goodwill, gross [1] $ 104,168 $ 104,168
Goodwill, net [1] 104,168 104,168
Intangible assets and goodwill, gross 113,048 111,710
Intangible assets, additions 838 1,338
Intangible assets, accumulated amortization (7,448) (5,836)
FHA MSR Sales (672)  
Intangible assets, net 105,766 107,212
Core Deposits [Member]    
Intangible assets and goodwill, gross [2] 7,070 7,070
Intangible assets, additions [2]
Intangible assets, accumulated amortization [2] (6,312) (5,355)
Finite-Lived Intangible Assets, Net [2] 758 1,715
Excess Servicing [Member]    
Intangible assets and goodwill, gross [3] 1,465 472
Intangible assets, additions [3] 838 993
Intangible assets, accumulated amortization [3] (1,053) (481)
FHA MSR Sales [3] (672)  
Finite-Lived Intangible Assets, Net [3] 578 984
Non-compete Agreements [Member]    
Intangible assets and goodwill, gross [4] 345 0
Intangible assets, additions [4] 0 345
Intangible assets, accumulated amortization [4] (83)  
Finite-Lived Intangible Assets, Net [4] $ 262 $ 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 is 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 was fully amortized at December 31, 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, 2018 was $758 thousand, 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 is made to arrive at the initial recorded values, which are included in other assets. During 2018, the Company sold a portion of its FHA mortgage servicing rights totaling $672 thousand for a net loss of $71 thousand.
[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 $262 thousand, which is being amortized over its remaining term through 2020 as a component of professional fees.