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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The following table presents changes in goodwill at June 30, 2020 and December 31, 2019:
| June 30, 2020 |  | December 31, 2019
Balance, beginning of year | $ | 19,925 |  |  | $ | 12,592 |
Acquired goodwill | — |  |  | 7,029 |
Adjustments to acquired goodwill (1) | (1,201) |  |  | 304 |
Balance, end of period | $ | 18,724 |  |  | $ | 19,925 |
(1) The Company finalized its purchase accounting adjustments associated with Hamilton as of May 1, 2020. Goodwill is not amortized but is reviewed for potential impairment on at least an annual basis, with testing between annual tests if an event occurs or circumstances change that could potentially reduce the fair value of a reporting unit. Due to the severe economic impact of COVID-19, the Company reviewed its goodwill for impairment. It was concluded that no impairment existed at June 30, 2020. Management will continue to evaluate current economic conditions to determine if a triggering event would impact the current valuations for these assets. The following table presents changes in other intangible assets for the three and six months ended June 30, 2020 and 2019:
| Three Months Ended June 30, |  |  |  | Six Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Beginning of period | $ | 6,717 |  |  | $ | 3,702 |  |  | $ | 7,180 |  |  | $ | 3,910 |
Acquired CDI | — |  |  | 4,550 |  |  | — |  |  | 4,550 |
Non-compete agreement | — |  |  | 290 |  |  | — |  |  | 290 |
Amortization Expense | (404) |  |  | (402) |  |  | (867) |  |  | (610) |
Impairment | (153) |  |  | — |  |  | (153) |  |  | — |
Balance, end of period | $ | 6,160 |  |  | $ | 8,140 |  |  | $ | 6,160 |  |  | $ | 8,140 |
During the three and six months ended June 30, 2020, the Company recorded an impairment charge of $153 thousand for the full remaining balance attributable to a customer list intangible asset due to the pending dissolution of Wheatland. No impairment charges were recorded in the three and six months ended June 30, 2019. The following table presents the components of other identifiable intangible assets at June 30, 2020 and December 31, 2019:
| June 30, 2020 |  |  |  | December 31, 2019 |  |
| Gross Amount |  | Accumulated Amortization |  | Gross Amount |  | Accumulated Amortization
Amortized intangible assets: |  |  |  |  |  |  |
Core deposit intangibles | $ | 8,390 |  |  | $ | 2,235 |  |  | $ | 8,390 |  |  | $ | 1,493 |
Other customer relationship intangibles | 174 |  |  | 169 |  |  | 524 |  |  | 338 |
Non-compete agreement | — |  |  | — |  |  | 290 |  |  | 193 |
Total | $ | 8,564 |  |  | $ | 2,404 |  |  | $ | 9,204 |  |  | $ | 2,024 |
The following table presents future estimated aggregate amortization expense for intangible assets remaining at June 30, 2020:
Remainder of 2020 | $ | 702 |
2021 | 1,275 |
2022 | 1,105 |
2023 | 935 |
2024 | 766 |
Thereafter | 1,377 |
| $ | 6,160 |

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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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