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Goodwill and Core Deposit Intangibles (Tables) | 12 Months Ended
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Dec. 31, 2023
Goodwill and Core Deposit Intangibles [Abstract] |
Summary of Goodwill and Intangible Assets | The following is a summary of goodwill and intangible assets (dollars in thousands):
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
As of December 31, 2023 |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 8,688 |  |  | $ | (230 | ) |  | $ | 8,458 |
Core deposit intangibles |  |  | 3,315 |  |  |  | (2,284 | ) |  |  | 1,031 |
Total |  | $ | 12,003 |  |  | $ | (2,514 | ) |  | $ | 9,489 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
As of December 31, 2022 |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 8,833 |  |  | $ | (230 | ) |  | $ | 8,603 |
Core deposit intangibles |  |  | 3,315 |  |  |  | (1,979 | ) |  |  | 1,336 |
Total |  | $ | 12,148 |  |  | $ | (2,209 | ) |  | $ | 9,939 |
Estimated Amortization Expense for Intangible Assets | Amortization expense for intangible assets totaled $305,000, $307,000 and $183,000 for the years ended December 31, 2023, 2022 and 2021, respectively. Estimated amortization expense for each of the remaining life is as follows (dollars in thousands):
2024 |  | $ | 155 |
2025 |  |  | 125 |
2026 |  |  | 125 |
2027 |  |  | 125 |
2028 |  |  | 125 |
Thereafter |  |  | 376 |
Total |  | $ | 1,031 |

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