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Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2021

Goodwill and Other Intangible Assets

NOTE 5 Goodwill and Other Intangible Assets

The following table summarizes the carrying amount of goodwill, by segment, as of September 30, 2021 and December 31, 2020:


	September 30,		December 31,
(dollars in thousands)	2021		2020
Banking	$	20,131	$	20,131
Retirement and benefit services		10,070		10,070
Total goodwill	$	30,201	$	30,201

Goodwill is evaluated for impairment on an annual basis, at a minimum, and more frequently when the economic environment warrants. The Company determined that there was no goodwill impairment as of September 30, 2021.

The gross carrying amount and accumulated amortization for each type of identifiable intangible asset are as follows:


	September 30, 2021						December 31, 2020
(dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Total		Gross Carrying Amount		Accumulated Amortization		Total
Identifiable customer intangibles	$	43,346	$	(20,753)	$	22,593	$	43,346	$	(17,490)	$	25,856
Core deposit intangible assets		—		—		—		3,793		(3,730)		63
Total intangible assets	$	43,346	$	(20,753)	$	22,593	$	47,139	$	(21,220)	$	25,919

Amortization of intangible assets was $1.1 million and $1.0 million for the three months ended September 30, 2021, and 2020, respectively. Amortization of intangible assets was $3.3 million and $3.0 million for the nine months ended September 30, 2021, and 2020, respectively.