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Significant Estimates and Concentrations
6 Months Ended
Jun. 30, 2021
Significant Estimates and Concentrations [Abstract]  
Significant Estimates and Concentrations
Note 10:
Significant Estimates and Concentrations
 
GAAP requires disclosure of certain significant estimates and current vulnerabilities due to certain concentrations.  Estimates related to the allowance for loan losses are reflected in Note 4 regarding loans.  Current vulnerabilities due to off-balance sheet credit risk are discussed in Note 9.
 
As of June 30, 2021, hospitality loans were 22% of gross total loans with outstanding balances of $208.6 million and unfunded commitments of $49.8 million; energy loans were 11% of gross total loans with outstanding balances of $104 million and unfunded commitments of $9.2 million.
 
The Company evaluates goodwill for potential goodwill impairment on an annual basis or more often based on consideration if any impairment indicators have occurred. A prolonged strain on the U.S. economy impacting the Company could result in goodwill being partially or fully impaired. At June 30, 2021, goodwill of $1.0 million was recorded on the consolidated balance sheet.