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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | (7) Goodwill and Intangible Assets There was no change in the carrying amount of goodwill of $76,851 for the periods ended June 30, 2021 and December 31, 2020. Acquired intangible assets, other than goodwill, as of June 30, 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 |  |  | $ | 3,143 |  |  | $ | 5,384 |  |  | $ | 8,527 |  |  | $ | 2,698 |  |  | $ | 5,829 |
Total amortized intangible assets |  | $ | 8,527 |  |  | $ | 3,143 |  |  | $ | 5,384 |  |  | $ | 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, $228, $445 and $459 for the three- and six-months ended June 30, 2021 and 2020, respectively. Activity for mortgage servicing rights (MSRs) and the related valuation allowance as of June 30, 2021 and March 31, 2020 were as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Loan Servicing Rights: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at Beginning of Period |  | $ | 2,224 |  |  | $ | 1,556 |  |  | $ | 2,246 |  |  | $ | 1,562 |
Additions |  |  | 204 |  |  |  | 437 |  |  |  | 398 |  |  |  | 543 |
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortized to expense |  |  | (148 | ) |  |  | (155 | ) |  |  | (292 | ) |  |  | (226 | )
Other charges |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Change in valuation allowance |  |  | 465 |  |  |  | (121 | ) |  |  | 393 |  |  |  | (162 | )
Balance at End of Period |  | $ | 2,745 |  |  | $ | 1,717 |  |  | $ | 2,745 |  |  | $ | 1,717 |
Valuation allowance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at Beginning of Period |  | $ | 276 |  |  | $ | 143 |  |  | $ | 204 |  |  | $ | 102 |
Additions expensed |  |  | — |  |  |  | 121 |  |  |  | 72 |  |  |  | 162 |
Reductions credited to operations |  |  | (465 | ) |  |  | — |  |  |  | (465 | ) |  |  | — |
Direct write-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance at End of Period |  | $ | (189 | ) |  | $ | 264 |  |  | $ | (189 | ) |  | $ | 264 |
Estimated amortization expense for each of the next five years and thereafter is as follows:
|  | MSRs |  |  | Core deposit intangibles |  |  | Total |
2021 |  | $ | 67 |  |  | $ | 445 |  |  | $ | 512 |
2022 |  |  | 133 |  |  |  | 868 |  |  |  | 1,001 |
2023 |  |  | 132 |  |  |  | 841 |  |  |  | 973 |
2024 |  |  | 131 |  |  |  | 804 |  |  |  | 935 |
2025 |  |  | 131 |  |  |  | 708 |  |  |  | 839 |
Thereafter |  |  | 2,151 |  |  |  | 1,718 |  |  |  | 3,869 |
|  | $ | 2,745 |  |  | $ | 5,384 |  |  | $ | 8,129 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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