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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | (6.)GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The carrying amount of goodwill totaled $66.1 million as of both March 31, 2020 and December 31, 2019. The Company performs a goodwill impairment test on an annual basis as of October 1st or more frequently if events and circumstances warrant.
|  | Banking |  |  | Non-Banking |  |  | Total |
Balance, December 31, 2019 |  | $ | 48,536 |  |  | $ | 17,526 |  |  | $ | 66,062 |
No activity during the period |  |  | — |  |  |  | — |  |  |  | — |
Balance, March 31, 2020 |  | $ | 48,536 |  |  | $ | 17,526 |  |  | $ | 66,062 |
Goodwill is not amortized but, instead, is subject to impairment tests on at least an annual basis, and more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Based on the recent decline in the capital markets and overall economic conditions as a result of the COVID-19 pandemic accompanied by a decline in the Company’s stock price, a goodwill impairment test was performed in the first quarter of 2020. Based on its qualitative assessment, the Company concluded that it was not more likely than not that goodwill was impaired as of March 31, 2020. Therefore, no quantitative assessment was deemed necessary as of March 31, 2020. Other Intangible Assets The Company has other intangible assets that are amortized, consisting of core deposit intangibles and other intangibles (primarily related to customer relationships). Gross carrying amount, accumulated amortization and net book value, were as follows (in thousands):
|  | March 31, |  |  | December 31, |
|  | 2020 |  |  | 2019 |
Other intangibles assets: |  |  |  |  |  |  |  |
Gross carrying amount |  | $ | 15,925 |  |  | $ | 15,925 |
Accumulated amortization |  |  | (7,358 | ) |  |  | (7,064 | )
Net book value |  | $ | 8,567 |  |  | $ | 8,861 |
Amortization expense for total other intangible assets was $294 thousand and $323 thousand for the three months ended March 31, 2020 and 2019, respectively. As of March 31, 2020, the estimated amortization expense of other intangible assets for the remainder of 2020 and each of the next five years is as follows (in thousands):
2020 (remainder of year) | $ | 840 |
2021 |  | 1,014 |
2022 |  | 923 |
2023 |  | 852 |
2024 |  | 783 |
2025 |  | 714 |

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- References No definition available. + Details
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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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