GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2016
GOODWILL AND INTANGIBLE ASSETS  
Summarizes the carrying amount of goodwill by segment

Selected business segment financial information as of and for the years ended December 31, 2016, 2015 and 2014 were as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

    

Commercial FHA

    

 

 

    

 

 

 

 

 

 

 

 

Origination and

 

 

 

 

 

 

 

 

 

Banking

 

Servicing

 

Other

 

Total

 

December 31, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

109,950

 

$

1,003

 

$

(5,699)

 

$

105,254

 

Provision for loan losses

 

 

5,591

 

 

 —

 

 

 —

 

 

5,591

 

Noninterest income

 

 

47,646

 

 

22,979

 

 

1,432

 

 

72,057

 

Noninterest expense

 

 

100,062

 

 

15,104

 

 

6,132

 

 

121,298

 

Income (loss) before income taxes (benefit)

 

 

51,943

 

 

8,878

 

 

(10,399)

 

 

50,422

 

Income taxes (benefit)

 

 

17,129

 

 

3,332

 

 

(1,572)

 

 

18,889

 

Net income (loss)

 

$

34,814

 

$

5,546

 

$

(8,827)

 

$

31,533

 

Total assets

 

$

3,225,765

 

$

129,943

 

$

(121,985)

 

$

3,233,723

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

107,825

 

$

1,762

 

$

(4,680)

 

$

104,907

 

Provision for loan losses

 

 

11,127

 

 

 —

 

 

 —

 

 

11,127

 

Noninterest income

 

 

34,751

 

 

20,148

 

 

4,583

 

 

59,482

 

Noninterest expense

 

 

95,712

 

 

16,232

 

 

5,820

 

 

117,764

 

Income (loss) before income taxes (benefit)

 

 

35,737

 

 

5,678

 

 

(5,917)

 

 

35,498

 

Income taxes (benefit)

 

 

10,626

 

 

2,271

 

 

(1,806)

 

 

11,091

 

Net income (loss)

 

$

25,111

 

$

3,407

 

$

(4,111)

 

$

24,407

 

Total assets

 

$

2,886,539

 

$

89,242

 

$

(90,957)

 

$

2,884,824

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

Net interest income (expense)

 

$

66,449

 

$

 —

 

$

(1,851)

 

$

64,598

 

Provision for loan losses

 

 

92

 

 

 —

 

 

 —

 

 

92

 

Noninterest income

 

 

13,343

 

 

 —

 

 

7,098

 

 

20,441

 

Noninterest expense

 

 

63,351

 

 

 —

 

 

6,129

 

 

69,480

 

Income (loss) before income taxes (benefit)

 

 

16,349

 

 

 —

 

 

(882)

 

 

15,467

 

Income taxes (benefit)

 

 

5,181

 

 

 —

 

 

(530)

 

 

4,651

 

Net income (loss)

 

$

11,168

 

$

 —

 

$

(352)

 

$

10,816

 

Total assets

 

$

2,710,476

 

$

119,649

 

$

(153,511)

 

$

2,676,614

 

 

Schedule of intangible assets

 

The Company’s intangible assets, consisting of core deposit and trust relationship intangibles, as of December 31, 2016 and 2015 are summarized as follows (in thousands): 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2015

 

 

 

Gross

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

Carrying

 

Accumulated

 

 

 

 

Carrying

 

Accumulated

 

 

 

 

 

 

Amount

 

Amortization

 

Total

 

Amount

 

Amortization

 

Total

 

Core deposit intangibles

    

$

20,542

    

$

(16,181)

    

$

4,361

    

$

20,542

    

$

(14,471)

    

$

6,071

 

Trust relationship intangibles

 

 

5,471

 

 

(2,645)

 

 

2,826

 

 

3,141

 

 

(2,208)

 

 

933

 

Total intangible assets

 

$

26,013

 

$

(18,826)

 

$

7,187

 

$

23,683

 

$

(16,679)

 

$

7,004

 

 

Schedule of estimated future amortization expense of intangible assets

Estimated amortization expense for future years is as follows (in thousands):

 

 

 

 

 

 

    

Amount

 

Year ending December 31, 

 

 

 

 

2017

 

$

1,827

 

2018

 

 

1,247

 

2019

 

 

913

 

2020

 

 

597

 

2021

 

 

446

 

Thereafter

 

 

2,157

 

Total

 

$

7,187