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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2021
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 $45.8 million at September 30, 2021 and December 31, 2020. 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, 2021 |  |  | December 31, 2020 |
(In Thousands of Dollars) | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationship intangibles | $ | 7,210 |  |  | $ | (6,557 | ) |  | $ | 7,210 |  |  | $ | (6,318 | )
Non-compete contracts |  | 430 |  |  |  | (391 | ) |  |  | 430 |  |  |  | (388 | )
Trade name |  | 520 |  |  |  | (350 | ) |  |  | 520 |  |  |  | (320 | )
Core deposit intangible |  | 6,979 |  |  |  | (4,946 | ) |  |  | 6,979 |  |  |  | (4,271 | )
Total | $ | 15,139 |  |  | $ | (12,244 | ) |  | $ | 15,139 |  |  | $ | (11,297 | )
Aggregate amortization expense was $316 thousand and $948 thousand for the three and nine month periods ended September 30, 2021. Amortization expense was $332 thousand and $995 thousand for the three and nine months ended September 30, 2020. Estimated amortization expense for each of the next five periods and thereafter:
2021 (3 months) | $ | 318 |
2022 |  | 1,090 |
2023 |  | 617 |
2024 |  | 314 |
2025 |  | 253 |
Thereafter |  | 303 |
Total | $ | 2,895 |

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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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