XML 45 R26.htm IDEA: XBRL DOCUMENT v3.24.1
Significant Estimates and Concentrations
12 Months Ended
Dec. 31, 2023
Significant Estimates and Concentrations [Abstract]  
Significant Estimates and Concentrations
Note 18:
 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 6 regarding loans.
 
As of December 31, 2023, hospitality loans were 22% of gross total loans with outstanding balances of $298.5 million and unfunded commitments of $5.7 million; energy loans were 14% of gross total loans with outstanding balances of $190.6 million and unfunded commitments of $55.1 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 December 31, 2023, goodwill of $8.5 million was recorded on the consolidated balance sheet.