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Goodwill And Other Intangible Assets | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS The Company completed its annual assessment of the carrying value of goodwill during 2020 and concluded that its carrying value was not impaired. The Company's reporting unit had positive equity and a qualitative assessment was completed, indicating that it was not more likely than not that goodwill was impaired. The following table presents a roll forward of the Company's goodwill activity (in thousands):
| 2020 | 2019
Beginning balance | $ | 108,941 |  | $ | 109,567 |
Goodwill and adjustments acquired in conjunction with the acquisition of Poage | — |  | (583) |
Goodwill and adjustments acquired in conjunction with the acquisition of Farmers Deposit | — |  | (43) |
Ending balance | $ | 108,941 |  | $ | 108,941 |
The Company believes that the customer relationships with the deposits acquired have an intangible value. In connection with acquisitions, the Company recorded a core deposit intangible, which represented the value that the acquiree had with their deposit customers. The fair value was estimated based on a discounted cash flow methodology that considered the type of deposit, estimated deposit retention, the cost of the deposit base and an alternate cost of funds. The following tables present the details of the Company's core deposit intangibles (in thousands):
| 2020 | 2019
Gross carrying amount | $ | 21,190 |  | $ | 21,190 |
Accumulated amortization | (11,539) |  | (9,890) |
| $ | 9,651 |  | $ | 11,300 |
Beginning balance | $ | 11,300 |  | $ | 13,281 |
Amortization expense | (1,649) |  | (1,981) |
Ending balance | $ | 9,651 |  | $ | 11,300 |
The core deposit intangibles are being amortized over 10 years. The estimated amortization expense for core deposit intangible assets for each of the next five years is as follows (in thousands):
2021 | $ | 1,472 |
2022 | 1,386 |
2023 | 1,220 |
2024 | 1,209 |
2025 | 1,185 |
Thereafter | 3,179 |
| $ | 9,651 |

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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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