Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.8.0.1
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill and Other Intangible Assets
Company's intangible assets were as follows for the periods indicated:
 
 
 
December 31, 2017
 
December 31, 2016
 
Amortization
Period
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
 
 
(In thousands)
Core deposit intangible
10 years
 
$
2,213

 
$
(1,119
)
 
$
1,094

 
$
2,213

 
$
(838
)
 
$
1,375

Third-party originators intangible
7 years
 
$
483

 
$
(64
)
 
$
419

 
$
483

 
$
—

 
$
483

Goodwill
N/A
 
$
11,031

 
$
—

 
$
11,031

 
$
11,031

 
$
—

 
$
11,031

Total intangible assets
 
 
$
13,727


$
(1,183
)

$
12,544


$
13,727


$
(838
)

$
12,889

Estimated Future Amortization Expense Related to Other Intangible Assets
Intangibles amortization expense for the years ended December 31, 2017, 2016 and 2015 was $345,000, $326,000 and $379,000, respectively, and estimated future amortization expense related to CDI and the third-party originators intangible for each of the next five years is as follows:
Year Ending December 31,
Amount
 
(In thousands)
2018
$
362

2019
309

2020
261

2021
216

2022
171

Thereafter
194