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Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

(8.) GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The carrying amount of goodwill totaled $67.1 million as of both March 31, 2022 and December 31, 2021. The Company performs a goodwill impairment test on an annual basis as of October 1st or more frequently if events and circumstances warrant.


	Banking		All Other (1)		Total
Balance, December 31, 2021	$	48,536	$	18,535	$	67,071
Acquisitions		—		—		—
Balance, March 31, 2022	$	48,536	$	18,535	$	67,071

(1) All Other includes the SDN, Courier Capital and HNP Capital reporting units

Other Intangible Assets

The Company has other intangible assets that are amortized, consisting of core deposit intangibles and other intangibles (primarily related to customer relationships). Gross carrying amount, accumulated amortization and net book value, were as follows (in thousands):


	March 31,			December 31,
	2022			2021
Core deposit intangibles:
Gross carrying amount	$	2,042		$	2,042
Accumulated amortization		(2,041	)		(2,039	)
Net book value	$	1		$	3

Other intangibles:
Gross carrying amount	$	14,545		$	14,545
Accumulated amortization		(7,471	)		(7,219	)
Net book value	$	7,074		$	7,326

Amortization expense for total other intangible assets was $254 thousand and $271 thousand for the three months ended March 31, 2022 and 2021. As of March 31, 2022, the estimated amortization expense of other intangible assets for the remainder of 2022 and each of the next five years is as follows (in thousands):


2022 (remainder of year)	$	731
2023		910
2024		838
2025		766
2026		694
2027		623