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Goodwill and Other Intangibles | 3 Months Ended
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Mar. 31, 2020
Goodwill and Other Intangibles [Abstract] |
Goodwill and Other Intangibles | Note 7 – Goodwill and Other Intangibles Due to the COVID-19 pandemic and its impact on market conditions, the Company performed a qualitative assessment of goodwill as of March 31, 2020. As a result of management’s qualitative evaluation of relevant events and circumstances at March 31, 2020, the Company concluded that it was not more likely than not that fair value was less than carrying value. Changes in the economic environment, operations, or other adverse events could result in future impairment charges which could have a material adverse impact on the Company's operating results. The following table provides information on the significant components of goodwill and other acquired intangible assets at March 31, 2020 and December 31, 2019.
March 31, 2020
|  |  |  |  |  |  |  |  |  |  |  |  |  | Weighted
|  | Gross |  | Accumulated |  |  |  |  | Net |  | Average
|  | Carrying |  | Impairment |  | Accumulated |  | Carrying |  | Remaining Life
(Dollars in thousands) |  | Amount |  | Charges |  | Amortization |  | Amount |  | (in years)
Goodwill |  | $ | 19,728 |  | $ | (1,543) |  | $ | (667) |  | $ | 17,518 |  |  | —
Other intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortizable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core deposit intangible |  | $ | 3,954 |  | $ | — |  | $ | (1,846) |  | $ | 2,108 |  |  | 5.4
Total other intangible assets |  | $ | 3,954 |  | $ | — |  | $ | (1,846) |  | $ | 2,108 |  |  |
December 31, 2019
|  |  |  |  |  |  |  |  |  |  |  |  |  | Weighted
|  | Gross |  |  | Accumulated |  |  |  |  | Net |  | Average
|  | Carrying |  | Impairment |  |  | Accumulated |  | Carrying |  | Remaining Life
(Dollars in thousands) |  | Amount |  | Charges |  |  | Amortization |  | Amount |  | (in years)
Goodwill |  | $ | 19,728 |  | $ | (1,543) |  | $ | (667) |  | $ | 17,518 |  |  | —
Other intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortizable |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core deposit intangible |  | $ | 3,954 |  | $ | — |  | $ | (1,702) |  | $ | 2,252 |  |  | 5.7
Total other intangible assets |  | $ | 3,954 |  | $ | — |  | $ | (1,702) |  | $ | 2,252 |  |  |
The aggregate amortization expense included in continuing operations was $144 thousand for the three months ended March 31, 2020 and $162 thousand for the three months ended March 31, 2019. At March 31, 2020, estimated future remaining amortization for amortizing intangibles within the years ending December 31, is as follows:
(Dollars in thousands) |  | Amortization Expense
2020 |  | $ | 389
2021 |  |  | 461
2022 |  |  | 389
2023 |  |  | 317
2024 |  |  | 246
2025 |  |  | 174
Thereafter |  |  | 132
Total amortizing intangible assets |  | $ | 2,108

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- 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 http://asc.fasb.org/topic&trid=2144416 + Details
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