Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

(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