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Goodwill and Acquired Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

The change in the balance for goodwill was as follows:

 

(Dollars in thousands)

2024

 

 

2023

 

Balance, beginning of year

$

59,946

 

 

$

59,946

 

Adjustments

 

-

 

 

 

-

 

Balance, end of year

$

59,946

 

 

$

59,946

 

Schedule of Acquired Intangible Assets

Information for acquired intangible assets at December 31 is as follows:

 

 

2024

 

 

2023

 

 

Gross

 

 

 

 

 

Gross

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Accumulated

 

(Dollars in thousands)

Amount

 

 

Amortization

 

 

Amount

 

 

Amortization

 

Core deposit intangible

$

7,120

 

 

$

6,024

 

 

$

7,120

 

 

$

5,266

 

Schedule of Estimated Amortization Expense The estimated amortization expense for the next five years ending December 31 is as follows (dollars in thousands):

 

2025

 

560

 

2026

 

362

 

2027

 

164

 

2028

 

10

 

Thereafter

 

-

 

Total

$

1,096