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GOODWILL AND OTHER INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
The following table presents changes in goodwill for the three months ended March 31, 2022 and 2021:
March 31, 2022March 31, 2021
Balance, beginning of year$18,724 $18,724 
Balance, end of period$18,724 $18,724 
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.
The Company conducted its last annual goodwill impairment test as of November 30, 2021 using generally accepted valuation methods. As a result of that impairment test, no goodwill impairment was identified. No changes occurred that would impact the results of that analysis through March 31, 2022.
The following table presents changes in and components of other intangible assets for the three months ended March 31, 2022 and 2021:
Three Months Ended March 31,
20222021
Beginning of period$4,183 $5,458 
Amortization expense(292)(334)
Balance, end of period$3,891 $5,124 
No impairment charges were recorded in the three months ended March 31, 2022 and March 31, 2021.
The following table presents the components of other identifiable intangible assets at March 31, 2022 and December 31, 2021:
March 31, 2022December 31, 2021
Gross AmountAccumulated
Amortization
Gross AmountAccumulated
Amortization
Amortized intangible assets:
Core deposit intangibles$8,390 $4,500 $8,390 $4,208 
Other customer relationship intangibles25 24 25 24 
Total$8,415 $4,524 $8,415 $4,232 

The following table presents future estimated aggregate amortization expense for intangible assets remaining at March 31, 2022:
2022$813 
2023935 
2024766 
2025596 
2026427 
Thereafter354 
$3,891