XML 34 R15.htm IDEA: XBRL DOCUMENT
v3.22.4

GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS At December 31, 2022 and 2021, goodwill was $18.7 million. No impairment charges were recorded in December 31, 2022 and 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, 2022 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 December 31, 2022. The following table presents changes in and components of other intangible assets for the years ended December 31, 2022 and 2021. No impairment charge was recorded on other intangible assets during the years ended December 31, 2022 and 2021.
| 2022 |  | 2021
Balance, beginning of year | $ | 4,183 |  |  | $ | 5,458 |
Amortization expense | (1,105) |  |  | (1,275) |
Balance, end of year | $ | 3,078 |  |  | $ | 4,183 |
The following table presents the components of other identifiable intangible assets at December 31, 2022 and 2021.
| 2022 |  | 2021
| Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Amortized intangible assets: |  |  |  |  |  |  |
Core deposit intangibles | $ | 8,390 |  |  | $ | 5,312 |  |  | $ | 8,390 |  |  | $ | 4,208 |
Other client relationship intangibles | 25 |  |  | 25 |  |  | 25 |  |  | 24 |
Total | $ | 8,415 |  |  | $ | 5,337 |  |  | $ | 8,415 |  |  | $ | 4,232 |
The following table presents future estimated aggregate amortization expense at December 31, 2022.
2023 |  | $ | 935 |
2024 |  | 766 |
2025 |  | 596 |
2026 |  | 427 |
2027 |  | 258 |
Thereafter |  | 96 |
|  | $ | 3,078 |
The Company incurred amortization expense of $1.1 million, $1.3 million and $1.6 million in the years ending December 31, 2022, 2021 and 2020, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration