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GOODWILL AND OTHER INTANGIBLE ASSETS, NET | 3 Months Ended
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Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS, NET | GOODWILL AND OTHER INTANGIBLE ASSETS, NET At March 31, 2020 and December 31, 2019, we had goodwill of $37.1 million. We evaluate goodwill impairment as of August 31 each year, and more frequently if events or circumstances indicate that there may be impairment. We completed our most recent annual goodwill impairment test as of August 31, 2019 and determined that no goodwill impairment existed. In the first quarter 2020, due to the observed market volatility resulting from the COVID-19 pandemic, we analyzed indicators related to potential goodwill impairment. Based on this analysis, we did no t identify any impairment to goodwill in the first quarter 2020, although there can be no assurance that prolonged market volatility resulting from the COVID-19 pandemic or other factors will not result in impairments to goodwill or other intangibles in future periods. Core deposit intangibles are amortized over their useful lives ranging from four to ten years. As of March 31, 2020, the weighted average remaining amortization period for core deposit intangibles was approximately 4.5 years.
($ in thousands) |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
March 31, 2020 |  |  |  |  |  |
Core deposit intangibles |  | $ | 30,904 |  |  | $ | 27,182 |  |  | $ | 3,722 |
December 31, 2019 |  |  |  |  |  |
Core deposit intangibles |  | $ | 30,904 |  |  | $ | 26,753 |  |  | $ | 4,151 |
Aggregate amortization of intangible assets was $429 thousand and $620 thousand for the three months ended March 31, 2020 and 2019. The following table presents estimated future amortization expenses as of March 31, 2020:
($ in thousands) |  | Remainder of 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Total
Estimated future amortization expense |  | $ | 1,089 |  |  | $ | 1,082 |  |  | $ | 799 |  |  | $ | 517 |  |  | $ | 235 |  |  | $ | 3,722 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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