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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2017
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | NOTE 7. GOODWILL AND OTHER INTANGIBLE ASSETS The following table provides information on the significant components of goodwill and other acquired intangible assets at December 31, 201 7 and 201 6. On May 19, 2017, the Bank acquired three branches located in Arbutus, Owings Mills and Elkridge, Maryland from NWBI. The purchase of these branches resulted in core deposit intangibles of $4.0 million and goodwill of $15.0 million. The Insurance segment had goodwill of $10.1 million at the end of 201 7 and $9.4 million at the end of 201 6 due to an immaterial reclassification between goodwill and deferred taxes of $702 thousand identified during 2017. See Note 27 for further information regarding the Company’s business segments. ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿December 31, 2017
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  | Weighted
﻿ |  | Gross |  | Accumulated |  |  |  |  | Net |  | Average
﻿ |  | Carrying |  | Impairment |  | Accumulated |  | Carrying |  | Remaining Life
﻿(Dollars in thousands) |  | Amount |  | Charges |  | Amortization |  | Amount |  | (in years)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Goodwill |  | $ | 30,922 |  | $ | (2,637) |  | $ | (667) |  | $ | 27,618 |  | -
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Amortizable |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Employment agreements |  | $ | 440 |  | $ | - |  | $ | (440) |  | $ | - |  | -
﻿Insurance expirations |  |  | 1,270 |  |  | - |  |  | (1,270) |  |  | - |  | -
﻿Customer relationships |  |  | 795 |  |  | (95) |  |  | (484) |  |  | 216 |  | 4.6
﻿Core deposit intangible |  |  | 3,954 |  |  | - |  |  | (231) |  |  | 3,723 |  | 9.4
﻿ |  |  | 6,459 |  |  | (95) |  |  | (2,425) |  |  | 3,939 |  |
﻿Unamortizable |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Trade name |  |  | 780 |  |  | - |  |  | - |  |  | 780 |  | -
﻿ |  |  | 780 |  |  | - |  |  | - |  |  | 780 |  |
﻿Total other intangible assets |  | $ | 7,239 |  | $ | (95) |  | $ | (2,425) |  | $ | 4,719 |  |
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿December 31, 2016
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  | Weighted
﻿ |  | Gross |  | Accumulated |  |  |  |  | Net |  | Average
﻿ |  | Carrying |  | Impairment |  | Accumulated |  | Carrying |  | Remaining Life
﻿ |  | Amount |  | Charges |  | Amortization |  | Amount |  | (in years)
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Goodwill |  | $ | 15,235 |  | $ | (2,637) |  | $ | (667) |  | $ | 11,931 |  | -
﻿ |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Other intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Amortizable |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Employment agreements |  | $ | 440 |  | $ | - |  | $ | (440) |  | $ | - |  | -
﻿Insurance expirations |  |  | 1,270 |  |  | - |  |  | (1,233) |  |  | 37 |  | 0.4
﻿Customer relationships |  |  | 795 |  |  | (95) |  |  | (438) |  |  | 262 |  | 5.6
﻿ |  |  | 2,505 |  |  | (95) |  |  | (2,111) |  |  | 299 |  |
﻿Unamortizable |  |  |  |  |  |  |  |  |  |  |  |  |  |
﻿Carrier relationships |  |  | - |  |  | - |  |  | - |  |  | - |  | -
﻿Trade name |  |  | 780 |  |  | - |  |  | - |  |  | 780 |  | -
﻿ |  |  | 780 |  |  | - |  |  | - |  |  | 780 |  |
﻿Total other intangible assets |  | $ | 3,285 |  | $ | (95) |  | $ | (2,111) |  | $ | 1,079 |  |
The aggregate amortization expense was $314 thousand, $131 thousand, and $133 thousand for the years ended December 31, 201 7, 201 6, and 201 5 respectively. ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ ﻿ The following table provides information on current period and estimated future amortization expense for amortizable other intangible assets. ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |
﻿ |  |  |  | Amortization
﻿(Dollars in thousands) |  |  | Expense
﻿Estimate for years ended December 31, | 2018 |  |  | $ | 442
﻿ | 2019 |  |  |  | 442
﻿ | 2020 |  |  |  | 442
﻿ | 2021 |  |  |  | 439
﻿ | 2022 |  |  |  | 427
﻿ | Thereafter |  |  |  | 1,747
﻿ ﻿

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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