XML 23 R12.htm IDEA: XBRL DOCUMENT v3.25.1

Goodwill and Other Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

Note 5: Goodwill and Other Intangible Assets

Goodwill was $12.0 million at March 31, 2025 and December 31, 2024. Goodwill is not amortized but is

subject to, at a minimum, an annual test for impairment. Other intangible assets consist of core deposit relationships and

favorable lease terms.

​

The following table presents a summary of other intangible assets at March 31, 2025 and December 31, 2024:

​

​	​	​	​	​	​	​
​	​	March 31,		​	December 31,
(dollars in thousands)		2025			2024
Core Deposit Intangible	​	$	8,833	​	$	8,833
Favorable Lease	​		445	​		445
Subtotal	​		9,278	​		9,278
Accumulated Amortization	​		(1,658)	​		(1,428)
Totals	​	$	7,620	​	$	7,850

​

Amortization expense of other intangible assets was $230,000 for the three months ended March 31, 2025 and $9,000 for the three months ended March 31, 2024. The core deposit intangible asset is amortized over its estimated useful life of ten years.

​

The following table presents the estimated future amortization of the core deposit intangible and favorable lease

assets for the next five years and thereafter. The projections of amortization expense are based on existing asset balances

as of March 31, 2025.

​	​	​	​	​	​	​
​	​	Core Deposit		​	Favorable
(dollars in thousands)	​	Intangible			Lease
2025	​	$	664	​	$	26
2026	​		871	​		34
2027	​		852	​		34
2028	​		830	​		34
2029	​		803	​		18
2030	​	​	773	​	​	—
Thereafter	​		2,681	​		—
Totals	​	$	7,474	​	$	146

​

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration