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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Intangible Assets

Acquired intangible assets were as follows as of year end.

 

 

 

2019

 

 

2018

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Core deposit intangible assets(1):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

 

14,792

 

 

 

8,049

 

 

 

6,743

 

 

 

14,792

 

 

 

7,104

 

 

 

7,688

 

Total core deposit intangible assets

 

$

14,792

 

 

$

8,049

 

 

$

6,743

 

 

$

14,792

 

 

$

7,104

 

 

$

7,688

 

 

(1)

Excludes fully amortized core deposit intangible assets

Schedule of Mortgage Servicing Rights (MSRs) and Related Valuation Allowance

Activity for mortgage servicing rights (MSRs) and the related valuation allowance follows:

 

 

 

2019

 

 

2018

 

Loan Servicing Rights:

 

 

 

 

 

 

 

 

Beginning of year

 

$

1,664

 

 

$

743

 

Additions

 

 

247

 

 

 

1,047

 

Disposals

 

 

 

 

 

 

Amortized to expense

 

 

247

 

 

 

126

 

Other Charges

 

 

 

 

 

 

Change in valuation allowance

 

 

102

 

 

 

 

End of year

 

$

1,562

 

 

$

1,664

 

 

 

 

 

 

 

 

 

 

Valuation allowance:

 

 

 

 

 

 

 

 

Beginning of year

 

$

 

 

$

 

Additions expensed

 

 

102

 

 

 

 

Reductions credited to operations

 

 

 

 

 

 

Direct write-offs

 

 

 

 

 

 

End of year

 

$

102

 

 

$

 

Schedule of Estimated Future Amortization Expense

Estimated amortization expense for each of the next five years and thereafter is as follows:

 

 

 

MSRs

 

 

Core deposit

intangibles

 

 

Total

 

2020

 

$

89

 

 

$

914

 

 

$

1,003

 

2021

 

 

89

 

 

 

891

 

 

 

980

 

2022

 

 

88

 

 

 

868

 

 

 

956

 

2023

 

 

87

 

 

 

840

 

 

 

927

 

2024

 

 

86

 

 

 

804

 

 

 

890

 

Thereafter

 

 

1,123

 

 

 

2,426

 

 

 

3,549

 

 

 

$

1,562

 

 

$

6,743

 

 

$

8,305