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