|
Goodwill and Other Intangible Assets (Tables)
|
12 Months Ended |
|
Dec. 31, 2014
|
| Goodwill And Other Intangible Assets Tables |
|
| Schedule of goodwill |
| |
| |
| |
| |
|
| |
| |
| |
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. |
|
| Schedule of amortizing 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 |
|
|
| Schedule of estimated amortization expense |
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. |
|