This excerpt taken from the ALNC 10-K filed Mar 14, 2006.
15. INTANGIBLE ASSETS
(Dollars in thousands)
The Company has a finite-lived intangible asset capitalized on its balance sheet pertaining to the acquisition of certain personal trust accounts and related assets under management from HSBC, USA, NA. A summary of the intangible asset at December 31 follows:
Amortization expense on the finite-lived intangible asset was $418 for 2005. There was no amortization expense for any prior periods. Annual amortization expense is expected to total $505 for the calendar years 2006 2010.