Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

(7) Goodwill and Intangible Assets

There has been no change in the carrying amount of goodwill of $76,851 for the periods ended June 30, 2019 and December 31, 2018. Goodwill is not amortized and, instead, management performs an evaluation of goodwill for impairment annually, or more frequently if events or changes in circumstances indicate that the asset might be impaired. Management last performed an evaluation of the Company’s goodwill during the fourth quarter of 2018 and concluded that the Company’s goodwill was not impaired at December 31, 2018.

Acquired intangible assets, other than goodwill, as of June 30, 2019 and December 31, 2018 were as follows:

	2019						2018
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets(1):
MSRs	$	2,183	$	541	$	1,642	$	2,110	$	446	$	1,664
Core deposit intangibles		14,792		7,579		7,213		14,792		7,104		7,688
Total amortized intangible assets	$	16,975	$	8,120	$	8,855	$	16,902	$	7,550	$	9,352

(1)	Excludes fully amortized intangible assets

Aggregate core deposit intangible amortization expense was $235, $26, $475 and $59 for the three and six-months ended June 30, 2019 and 2018, respectively.

Aggregate mortgage servicing rights amortization was $56, $27, $95 and $43 for the three and six-months ended June 30, 2019 and 2018, respectively.

Estimated amortization expense for each of the next five years and thereafter is as follows:

	MSRs		Core deposit intangibles		Total
2019	$	44	$	470	$	514
2020		88		913		1,001
2021		87		891		978
2022		88		868		956
2023		86		841		927
Thereafter		1,249		3,230		4,479
	$	1,642	$	7,213	$	8,855