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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Note 7 -- Goodwill and Intangible Assets The Company has goodwill from business combinations, intangible assets from branch acquisitions, identifiable intangible assets assigned to core deposit relationships and customer lists of business lines acquired. The following table presents gross carrying amount and accumulated amortization by major intangible asset class as of December 31, 2020 and 2019 (in thousands):
|  | 2020 |  |  | 2019 |
|  | Gross Carrying |  |  | Accumulated |  |  | Gross Carrying |  |  | Accumulated |
|  | Value |  |  | Amortization |  |  | Value |  |  | Amortization |
Goodwill not subject to amortization |  | $ | 108,752 |  |  | $ | 3,760 |  |  | $ | 108,752 |  |  | $ | 3,760 |
Intangibles from branch acquisition |  |  | 3,015 |  |  |  | 3,015 |  |  |  | 3,015 |  |  |  | 3,015 |
Core deposit intangibles |  |  | 32,355 |  |  |  | 20,910 |  |  |  | 32,355 |  |  |  | 17,746 |
Customer list intangibles |  |  | 16,389 |  |  |  | 5,222 |  |  |  | 16,129 |  |  |  | 3,917 |
|  | $ | 160,511 |  |  | $ | 32,907 |  |  | $ | 160,251 |  |  | $ | 28,438 |
All goodwill was assigned to the banking segment of the Company. This goodwill is not deductible for tax purposes. The unpaid principal balance of mortgage loans serviced for others was $126.8 million and $186.2 million at December 31, 2020 and 2019, respectively. The following table summarizes the activity pertaining to the mortgage servicing rights included in intangible assets as of December 31, 2020 and 2019 (in thousands):
|  | December 31, 2020 |  |  | December 31, 2019 |
Beginning Balance |  | $ | 1,444 |  |  | $ | 2,101 |
Acquired Balance |  |  | — |  |  |  | — |
Mortgage Servicing rights capitalized |  |  | — |  |  |  | — |
Valuation reserve |  |  | (273 | ) |  |  | (380 | )
Mortgage Servicing rights amortized |  |  | (593 | ) |  |  | (411 | )
I/O strip |  |  | (62 | ) |  |  | 134 |
Ending Balance |  | $ | 516 |  |  | $ | 1,444 |
Total amortization expense for the years ended December 31, 2020, 2019 and 2018 was as follows (in thousands):
|  | 2020 |  |  | 2019 |  |  | 2018 |
Core deposit intangibles |  | $ | 3,164 |  |  | $ | 3,729 |  |  | $ | 2,544 |
Customer list intangibles |  |  | 1,305 |  |  |  | 1,269 |  |  |  | 363 |
Mortgage Servicing Rights |  |  | 593 |  |  |  | 850 |  |  |  | 308 |
|  | $ | 5,062 |  |  | $ | 5,848 |  |  | $ | 3,215 |
Estimated amortization expense for each of the five succeeding years is shown in the table below (in thousands):
For year ended 12/31/21 |  | $ | 4,408 |
For year ended 12/31/22 |  |  | 3,526 |
For year ended 12/31/23 |  |  | 3,214 |
For year ended 12/31/24 |  |  | 2,946 |
For year ended 12/31/25 |  |  | 2,633 |
In accordance with the provisions of SFAS 142 ”Goodwill and Other Intangible Assets,” codified in ASC 350, the Company performed testing of goodwill for impairment as of September 30, 2019 and 2018, and determined, as of each of these dates, that goodwill was not impaired. Management also concluded that the remaining amounts and amortization periods were appropriate for all intangible assets. The weighted average amortization period for core deposit, customer lists and total intangibles was 3.32, 4.92 and 4.11, respectively, at December 31, 2020.

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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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