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GOODWILL AND OTHER INTANGIBLES
12 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLES
GOODWILL AND OTHER INTANGIBLES

The activity impacting goodwill in 2018 and 2017 is as follows:
(in thousands)
 
2018
 
2017
Balance at beginning of year
 
$
100,085

 
$
4,935

Acquisition
 

 
95,150

Balance at end of year
 
$
100,085

 
$
100,085



In 2018, the Company completed its annual goodwill impairment testing using data as of September 30, 2018. The analysis was performed at the consolidated Bank level of the Company, which is considered the smallest reporting unit carrying goodwill. The step one analysis under the guidance of ASC 350 was passed, and therefore step two of the goodwill impairment test was not performed and no goodwill impairment was recognized for the year ended December 31, 2018. No impairment was recorded in 2017 and 2016.

The components of other intangible assets in 2018 and 2017 are as follows:
 
 
2018
(in thousands)
 
Gross Intangible Assets
 
Accumulated Amortization
 
Net Intangible Assets
Core deposit intangible (non-maturity deposits)
 
$
8,586

 
$
(1,878
)
 
$
6,708

Customer list and other intangibles
 
919

 
(168
)
 
751

Total
 
$
9,505

 
$
(2,046
)
 
$
7,459


 
 
2017
(in thousands)
 
Gross Intangible Assets
 
Accumulated Amortization
 
Net Intangible Assets
Core deposit intangible (non-maturity deposits)
 
$
8,585

 
$
(1,136
)
 
$
7,449

Customer list and other intangibles
 
1,016

 
(82
)
 
934

Total
 
$
9,601

 
$
(1,218
)
 
$
8,383




Other intangible assets are amortized on a straight-line basis over their estimated lives, which range from eight and a half years to twelve years. Amortization expenses related to intangibles totaled $828 thousand in 2018, $812 thousand in 2017 and $92 thousand in 2016.

The estimated aggregate future amortization expense for other intangible assets remaining at year end 2018 is as follows:
(in thousands)
 
Other Intangible Assets
2019
 
827

2020
 
827

2021
 
742

2022
 
734

2023
 
734

and thereafter
 
3,595

Total other intangible assets
 
7,459