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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2022
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, 2022 and December 31, 2021. Acquired intangible assets, other than goodwill, as of June 30, 2022 and December 31, 2021 were as follows:
|  | 2022 |  |  | 2021 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core deposit intangibles |  | $ | 8,527 |  |  | $ | 4,021 |  |  | $ | 4,506 |  |  | $ | 8,527 |  |  | $ | 3,588 |  |  | $ | 4,939 |
Total amortized intangible assets |  | $ | 8,527 |  |  | $ | 4,021 |  |  | $ | 4,506 |  |  | $ | 8,527 |  |  | $ | 3,588 |  |  | $ | 4,939 |
Aggregate core deposit intangible amortization expense was $217, $223, $434 and $445 for the three- and six-months ended June 30, 2022 and 2021, respectively. Activity for mortgage servicing rights (MSRs) and the related valuation allowance for the three- and six-month periods ended June 30, 2022 and June 30, 2021 were as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Loan Servicing Rights: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at Beginning of Period |  | $ | 2,678 |  |  | $ | 2,224 |  |  | $ | 2,642 |  |  | $ | 2,246 |
Additions |  |  | 81 |  |  |  | 204 |  |  |  | 226 |  |  |  | 398 |
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortized to expense |  |  | (95 | ) |  |  | (148 | ) |  |  | (204 | ) |  |  | (292 | )
Other charges |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Change in valuation allowance |  |  | — |  |  |  | 465 |  |  |  | — |  |  |  | 393 |
Balance at End of Period |  | $ | 2,664 |  |  | $ | 2,745 |  |  | $ | 2,664 |  |  | $ | 2,745 |
Valuation allowance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at Beginning of Period |  | $ | — |  |  | $ | 276 |  |  | $ | — |  |  | $ | 204 |
Additions expensed |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 72 |
Reductions credited to operations |  |  | — |  |  |  | (465 | ) |  |  | — |  |  |  | (465 | )
Direct write-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance at End of Period |  | $ | — |  |  | $ | (189 | ) |  | $ | — |  |  | $ | (189 | )
Estimated amortization expense for each of the next five years and thereafter is as follows:
|  | MSRs |  |  | Core deposit intangibles |  |  | Total |
2022 |  | $ | 69 |  |  | $ | 435 |  |  | $ | 504 |
2023 |  |  | 139 |  |  |  | 841 |  |  |  | 980 |
2024 |  |  | 138 |  |  |  | 804 |  |  |  | 942 |
2025 |  |  | 138 |  |  |  | 708 |  |  |  | 846 |
2026 |  |  | 137 |  |  |  | 670 |  |  |  | 807 |
Thereafter |  |  | 2,043 |  |  |  | 1,048 |  |  |  | 3,091 |
|  | $ | 2,664 |  |  | $ | 4,506 |  |  | $ | 7,170 |

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- References No definition available. + Details
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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 https://asc.fasb.org/topic&trid=2144416 + Details
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