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CORE DEPOSIT INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2019
CORE DEPOSIT INTANGIBLE ASSETS  
CORE DEPOSIT INTANGIBLE ASSETS

NOTE 8 – CORE DEPOSIT INTANGIBLE ASSETS

Core deposit intangible assets as of December 31 are as follows:

 

 

 

 

 

 

 

 

 

    

2019

    

2018

 

 

(dollars in thousands)

Gross carrying amount

 

$

21,718

 

$

21,718

Accumulated amortization

 

 

(17,688)

 

 

(16,265)

Core deposit intangible assets, net

 

$

4,030

 

$

5,453

 

Amortization of core deposit intangible assets for the years subsequent to December 31, 2019 is expected to be as follows (dollars in thousands):

 

 

 

 

 

Year ended December 31, 

    

 

 

2020

 

$

1,232

2021

 

 

1,047

2022

 

 

852

2023

 

 

330

2024

 

 

316

Thereafter

 

 

253

Total

 

$

4,030