GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

At June 30, 2022 and 2021, goodwill was $18.7 million. No impairment charges were recorded in the three and six months ended June 30, 2022 and June 30, 2021.

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 June 30, 2022.

The following table presents changes in and components of other intangible assets for the three and six months ended June 30, 2022 and 2021:


	Three Months Ended June 30,				Six Months Ended June 30,
	2022		2021		2022		2021
Beginning of period	$	3,891	$	5,124	$	4,183	$	5,458



Amortization expense	(281)		(324)		(573)		(658)

Balance, end of period	$	3,610	$	4,800	$	3,610	$	4,800

No impairment charges were recorded in the three and six months ended June 30, 2022 and June 30, 2021.

The following table presents the components of other identifiable intangible assets at June 30, 2022 and December 31, 2021:


	June 30, 2022				December 31, 2021
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Amortized intangible assets:
Core deposit intangibles	$	8,390	$	4,781	$	8,390	$	4,208
Other customer relationship intangibles	25		24		25		24

Total	$	8,415	$	4,805	$	8,415	$	4,232

The following table presents future estimated aggregate amortization expense for intangible assets remaining at June 30, 2022:



Remainder of 2022	$	532
2023	935
2024	766
2025	596
2026	427
Thereafter	354
	$	3,610