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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of in Changes in Goodwill

The following table presents changes in goodwill at September 30, 2020 and December 31, 2019:

			September 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.

Schedule of Changes in Other Intangible Assets

The following table presents changes in other intangible assets for the three and nine months ended September 30, 2020 and 2019:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2020						2019						2020						2019
Beginning of period			$	6,160					$	8,140					$	7,180					$	3,910
Acquired CDI			—						—						—						4,550
Non-compete agreement			—						—						—						290
Amortization Expense			(357)						(486)						(1,224)						(1,096)
Impairment			—						—						(153)						—
Balance, end of period			$	5,803					$	7,654					$	5,803					$	7,654

Schedule of Components of Other Intangible Assets

The following table presents the components of other identifiable intangible assets at September 30, 2020 and December 31, 2019:

			September 30, 2020												December 31, 2019
			Gross Amount						Accumulated Amortization						Gross Amount						Accumulated Amortization
Amortized intangible assets:
Core deposit intangibles			$	8,390					$	2,590					$	8,390					$	1,493
Other customer relationship intangibles			25						22						524						338
Non-compete agreement			—						—						290						193
Total			$	8,415					$	2,612					$	9,204					$	2,024

Schedule of Estimated Aggregated Amortization Expense

The following table presents future estimated aggregate amortization expense for intangible assets remaining at September 30, 2020:

Remainder of 2020			$	345
2021			1,275
2022			1,105
2023			935
2024			766
Thereafter			1,377
			$	5,803

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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-Paragraph 2
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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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