Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.20.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Information Concerning Intangible Assets with Finite Life

Due to the uncertainties driven by COVID-19, the Company analyzed its intangible assets on a quarterly basis throughout 2020, and concluded no impairment existed as of the balance sheet date. Information concerning intangible assets with a finite life is presented in the following table (dollars in thousands):

    

Gross

    

    

Net

Carrying

Accumulated

Carrying

Value

Amortization

Value

December 31, 2020

 

  

 

  

 

  

Core deposit intangibles

$

135,300

$

88,109

$

47,191

Other amortizable intangibles

 

15,240

 

5,246

 

9,994

December 31, 2019

 

  

 

  

 

  

Core deposit intangibles

$

135,300

$

73,336

$

61,964

Other amortizable intangibles

 

15,349

 

3,644

 

11,705

Estimated Remaining Amortization Expense of Intangibles As of December 31, 2020, the estimated remaining amortization expense of intangibles for the years ended is as follows (dollars in thousands):

2021

    

$

13,874

2022

11,490

2023

9,688

2024

7,818

2025

6,221

Thereafter

8,094

Total estimated amortization expense

$

57,185