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Intangible Assets | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | Intangible Assets Intangible assets are included in the Consolidated Balance Sheets as a separate line item, net of accumulated amortization and consist of the following items:
(dollars in thousands) |  | Gross Intangible Assets |  | Additions |  | Accumulated Amortization |  | FHA MSR Sales |  | Net Intangible Assets
December 31, 2020 |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 104,168 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 104,168 |
Core deposit |  | 7,070 |  |  | — |  |  | (7,070) |  |  | — |  |  | — |
Excess servicing (1) |  | 2,478 |  |  | 667 |  |  | (2,199) |  |  | — |  |  | 946 |
Non-compete agreements |  | 345 |  |  | — |  |  | (345) |  |  | — |  |  | — |
|  | $ | 114,061 |  |  | $ | 667 |  |  | $ | (9,614) |  |  | $ | — |  |  | $ | 105,114 |
December 31, 2019 |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 104,168 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 104,168 |
Core deposit |  | 7,070 |  |  | — |  |  | (7,027) |  |  | — |  |  | 43 |
Excess servicing (1) |  | 1,465 |  |  | 1,013 |  |  | (1,971) |  |  | — |  |  | 507 |
Non-compete agreements |  | 345 |  |  | — |  |  | (324) |  |  | — |  |  | 21 |
|  | $ | 113,048 |  |  | $ | 1,013 |  |  | $ | (9,322) |  |  | $ | — |  |  | $ | 104,739 |
(1) The Company recognizes a servicing asset for the computed value of servicing fees on the sale of multifamily FHA loans and the sale of the guaranteed portion of SBA loans. Assumptions related to loan terms and amortization are made to arrive at the initial recorded values, which are included in other assets. The aggregate amortization expense was $292 thousand, $1.2 million, and $1.6 million for the years ended December 31, 2020, 2019, and 2018, respectively. The future estimated annual amortization expense is presented below:
Years Ending December 31: |  |
(dollars in thousands) |  | Amount
2021 |  | 66 |
2022 |  | 66 |
2023 |  | 66 |
2024 |  | 66 |
2025 |  | 66 |
Thereafter |  | 616 |
Total annual amortization |  | $ | 946 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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