Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
 Note 6 Goodwill and Other Intangible Assets             
        Wealth   
 (in thousands)   Banking  Insurance  Management  Total
 Balance at January 1, 2013  $64,534    19,560    8,211    92,305 
 Purchase Accounting Adjustments1   (165)   0    0    (165)
 Balance at December 31, 2013   64,369    19,560    8,211    92,140 
 Acquisitions   0    103    0    103 
 Balance at December 31, 2014   $64,369   $19,663   $8,211   $92,243 

 

1 The $165,000 reduction of goodwill in 2013 reflects and adjustment related to the completion of the final tax return related to the VIST acquisition.

 

Goodwill is assigned to reporting units. The Company reviews its goodwill and intangible assets annually, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below its carrying value. Based on the Company’s 2014 review, there was no impairment of its goodwill or intangible assets. The Company’s impairment testing is highly sensitive to certain assumptions and estimates used. In the event that economic or credit conditions deteriorate significantly, additional interim impairment tests may be required.

 

Other Intangible Assets

 

The following table provides information regarding our amortizing intangible assets

 

December 31, 2014  Gross Carrying  Accumulated  Net Carrying
(in thousands)  Amount  Amortization  Amount
Amortized intangible assets:         
 Core deposit intangible  $18,774   $10,538   $8,236 
 Customer relationships   8,252    3,423    4,829 
 Other intangibles   5,310    3,726    1,584 
Total intangible assets  $32,336   $17,687   $14,649 
                
December 31, 2013   Gross Carrying     Accumulated    Net Carrying  
(in thousands)   Amount    Amortization    Amount 
Amortized intangible assets:               
 Core deposit intangible  $18,774   $9,131   $9,643 
 Customer relationships   8,010    2,740    5,270 
 Other intangibles   4,957    3,572    1,385 
Total intangible assets  $31,741   $15,443   $16,298 

 

Amortization expense related to intangible assets totaled $2.1 million in 2014, $2.2 million in 2013 and $1.3 million in 2012. The estimated aggregate future amortization expense for intangible assets remaining as of December 31, 2014 is as follows:

 

Estimated amortization expense:*   
(in thousands)   
For the year ended December 31, 2015  $1,952 
For the year ended December 31, 2016   1,863 
For the year ended December 31, 2017   1,754 
For the year ended December 31, 2018   1,619 
For the year ended December 31, 2019   1,512 

*Excludes the amortization of mortgage servicing rights. Amortization of mortgage servicing rights was $149,000 in 2014, $232,000 in 2013 and $330,000 in 2012.