Goodwill And Other Intangible Assets

9 Months Ended

Sep. 30, 2014

Goodwill And Other Intangible Assets [Abstract]

(6.) GOODWILL AND OTHER INTANGIBLE ASSETS

Intangible assets include core deposit intangibles, customer relationship intangibles, trade name intangibles and goodwill. Goodwill arises from the acquisition method of accounting for business combinations and represents the excess of the purchase price over the fair value of the net assets and other identifiable intangible assets acquired. Other intangible assets with definite lives include core deposit intangibles, customer relationship intangibles and trade name intangibles.

Goodwill is not subject to amortization and is instead evaluated for impairment on an annual basis or whenever events or changes in circumstances indicate the carrying value may not be recoverable. Impairment exists when the carrying value of goodwill exceeds its implied fair value.

The following table presents the changes in the carrying amount of goodwill for the period indicated:


Balance, December 31, 2013	$	48,536
Addition from the SDN acquisition		12,617
Balance, September 30, 2014	$	61,153

Goodwill and other intangible assets added during the period relates to the SDN acquisition, which was completed on August 1, 2014. See Note 2 Business Combinations for additional information.

The following table presents the changes in other intangible assets and the related accumulated amortization for the periods indicated:


		Three months ended						Nine months ended
		September 30,						September 30,
		2014			2013			2014			2013
Gross Other Intangible Assets:
Balance at beginning of period	$	2,042		$	2,042		$	2,042		$	2,042
Additions from the SDN acquisition		6,640			-			6,640			-
Balance at end of period		8,682			2,042			8,682			2,042
Accumulated Amortization:
Balance at beginning of period		(752	)		(388	)		(576	)		(189	)
Amortization		(196	)		(95	)		(372	)		(294	)
Balance at end of period		(948	)		(483	)		(948	)		(483	)
Net carrying value at end of period	$	7,734		$	1,559		$	7,734		$	1,559

Other intangible assets are amortized on either an accelerated or straight-line basis over their respective estimated useful lives ranging from three to 20 years and reviewed for impairment at least annually. The weighted average amortization period remaining for the Companys other intangible assets is 17.8 years.

As of September 30, 2014, the estimated other intangible asset amortization expense for the remainder of 2014 and each of the next five years is as follows (in thousands):


2014 (remainder of year)	$	248
2015		942
2016		864
2017		778
2018		689
2019		611

- 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.

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