Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2021

(7) Goodwill and Intangible Assets

There was no change in the carrying amount of goodwill of $76,851 for the periods ended March 31, 2021 and December 31, 2020.

Acquired intangible assets, other than goodwill, as of March 31, 2021 and December 31, 2020 were as follows:

	2021						2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortized intangible assets(1):
Core deposit intangibles	$	8,527	$	2,920	$	5,607	$	8,527	$	2,698	$	5,829
Total amortized intangible assets	$	8,527	$	2,920	$	5,607	$	8,527	$	2,698	$	5,829

(1)	Excludes fully amortized intangible assets. Certain fully amortized assets were removed from the 2020 presentation.

Aggregate core deposit intangible amortization expense was $223 and $231 for the three months ended March 31, 2021 and 2020, respectively.

Activity for mortgage servicing rights (MSRs) and the related valuation allowance as of March 31, 2021 and March 31, 2020 were as follows:

	Three Months Ended March 31,
	2021		2020
Loan Servicing Rights:
Balance at Beginning of Period	$	2,246	$	1,562
Additions		194		106
Disposals		—		—
Amortized to expense		144		71
Other charges		—		—
Change in valuation allowance		72		41
Balance at End of Period	$	2,224	$	1,556


Valuation allowance:
Balance at Beginning of Period	$	204	$	102
Additions expensed		72		41
Reductions credited to operations		—		—
Direct write-offs		—		—
Balance at End of Period	$	276	$	143

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