This excerpt taken from the WBNK 8-K filed Aug 10, 2009.
Goodwill and Other Intangible Assets
Goodwill and identified intangible assets are subject to impairment testing. The Companys approach to testing goodwill for impairment is to compare the business units carrying value to the implied fair value based on multiples of earnings and tangible book value for recently completed merger transactions. In the event the fair value is determined to be less than the carrying value, the asset is recorded at fair value as determined by the valuation model. As such, the Company classifies goodwill and other intangible assets subjected to nonrecurring fair value adjustments as Level 3.