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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.
20222021
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.
20222021
Gross Carrying AmountAccumulated AmortizationGross Carrying AmountAccumulated Amortization
Amortized intangible assets:
Core deposit intangibles$8,390 $5,312 $8,390 $4,208 
Other client relationship intangibles25 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 
2024766 
2025596 
2026427 
2027258 
Thereafter96 
$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.