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Note 4 - Goodwill | 6 Months Ended
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Jun. 30, 2024
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] |
(4) | Goodwill
As of June 30, 2024 and December 31, 2023, goodwill totaled $194 million, of which $172 million was attributed to the commercial banking segment and $22 million is attributed to WM&T. The composition of goodwill presented by respective acquisition and year follows:
|  | June 30, |  |  | December 31, |
(in thousands) |  | 2024 |  |  | 2023 |
Commonwealth Bancshares (2022) |  | $ | 58,244 |  |  | $ | 58,244 |
Kentucky Bancshares (2021) |  |  | 123,317 |  |  |  | 123,317 |
King Southern Bancorp (2019) |  |  | 11,831 |  |  |  | 11,831 |
Austin State Bank (1996) |  |  | 682 |  |  |  | 682 |
Total |  | $ | 194,074 |  |  | $ | 194,074 |
Note: The acquisition of The Bank Oldham County in 2013 resulted in a bargain purchase gain.
GAAP requires that goodwill and intangible assets with indefinite useful lives not be amortized, but instead be tested for impairment at least annually. Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value. Bancorp’s annual goodwill impairment test is conducted as of September 30 of each year or more often as situations dictate. At September 30, 2023, Bancorp performed its annual qualitative assessment to determine if it was more-likely-than-not that the fair value of the reporting units exceeded their carrying value, including goodwill. The qualitative assessment indicated that it was not more-likely-than-not that the carrying value of the reporting units exceeded their fair value.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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