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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets: Goodwill associated with the Company’s purchase of Maple Leaf in January 2020 and other past acquisitions totaled $47.4 million and $38.2 at September 30, 2020 and December 31, 2019. Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value, which is determined through a two-step impairment test. Management performs goodwill impairment testing on an annual basis as of September 30. The fair value of the reporting units is determined using a combination of a discounted cash flow method and a guideline public company method. Acquired Intangible Assets Acquired intangible assets were as follows:
| September 30, 2020 |  |  | December 31, 2019 |
(In Thousands of Dollars) | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles | $ | 7,210 |  |  | $ | (6,223 | ) |  | $ | 7,210 |  |  | $ | (5,938 | )
Non-compete contracts |  | 430 |  |  |  | (387 | ) |  |  | 430 |  |  |  | (384 | )
Trade name |  | 520 |  |  |  | (309 | ) |  |  | 520 |  |  |  | (277 | )
Core deposit intangible |  | 6,979 |  |  |  | (4,046 | ) |  |  | 6,254 |  |  |  | (3,371 | )
Total | $ | 15,139 |  |  | $ | (10,965 | ) |  | $ | 14,414 |  |  | $ | (9,970 | )
Aggregate amortization expense was $332 thousand and $995 thousand for the three and nine month periods ended September 30, 2020. Amortization expense was $326 thousand and $980 thousand for the three and nine months ended September 30, 2019. Estimated amortization expense for each of the next five periods and thereafter:
2020 (3 months) | $ | 331 |
2021 |  | 1,264 |
2022 |  | 1,090 |
2023 |  | 617 |
2024 |  | 314 |
Thereafter |  | 558 |
Total | $ | 4,174 |

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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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