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Intangible Assets

12 Months Ended

Dec. 31, 2023

Intangible Assets

Intangible Assets

Note 7: Intangible Assets

The following table presents a summary of intangible assets at December 31, 2023 and 2022:

​	​	​	​	​	​	​
​	​	December 31,
(dollars in thousands)		2023			2022
Core Deposit Intangible	​	$	1,093	​	$	1,093
Favorable Lease	​		445	​		445
Subtotal	​		1,538	​		1,538
Accumulated Amortization	​		(1,350)	​		(1,250)
Totals	​	$	188	​	$	288

​

Amortization expense of intangible assets was $100,000 for the year ended December 31, 2023, and $191,000 for the years ended December 31, 2022 and 2021.

The following table presents the estimated future amortization of the favorable lease asset for the next five years and thereafter. The projections of amortization expense are based on existing asset balances as of December 31, 2023.

​	​	​	​
​	​	Favorable
(dollars in thousands)		Lease
2024	​	$	34
2025	​		34
2026	​		34
2027	​		34
2028	​		34
Thereafter	​		18
Totals	​	$	188

​

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//350-30/tableOfContent

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X

- References

No definition available.

+ Details

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Namespace Prefix:	us-gaap_
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