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Intangible Assets
12 Months Ended
Dec. 31, 2022
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
AdditionsAccumulated
Amortization
FHA
MSR Sales
Net
Intangible
Assets
December 31, 2022          
Goodwill$104,168 $— $— $— $104,168 
Core deposit— — — — — 
Excess servicing (1)
87 67 (89)65 
Non-compete agreements— — — — — 
$104,255 $67 $(89)$— $104,233 
December 31, 2021
Goodwill$104,168 $— $— $— $104,168 
Core deposit7,070 — (7,070)— — 
Excess servicing (1)
139 130 (182)87 
Non-compete agreements345 — (345)— — 
$111,722 $130 $(7,597)$— $104,255 
(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 $89 thousand, $132 thousand and $292 thousand for the years ended December 31, 2022, 2021 and 2020, respectively.

The future estimated annual amortization expense is presented below:

Years Ending December 31:
(dollars in thousands)Amount
2023$
2024
2025
2026
2027
Thereafter20 
Total annual amortization$65