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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | (7) Goodwill and Intangible Assets The carrying amount of goodwill has increased $24,801 since December 31, 2021 as a result of the Comunibanc Corp. acquisition, discussed in Note 18. The balance of goodwill was $101,652 at September 30, 2022 and $76,851 at December 31, 2021. Acquired intangible assets, other than goodwill, as of September 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 |  | $ | 12,953 |  |  | $ | 4,478 |  |  | $ | 8,475 |  |  | $ | 8,527 |  |  | $ | 3,588 |  |  | $ | 4,939 |
Total amortized intangible assets |  | $ | 12,953 |  |  | $ | 4,478 |  |  | $ | 8,475 |  |  | $ | 8,527 |  |  | $ | 3,588 |  |  | $ | 4,939 |
Aggregate core deposit intangible amortization expense was $456, and $223, for the three-months ended September 30, 2022 and 2021, respectively, and $890 and $668 for the nine-months ended September 30, 2022 and 2021, respectively. Activity for mortgage servicing rights (MSRs) and the related valuation allowance for the three- and nine-month periods ended September 30, 2022 and September 30, 2021 were as follows:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Loan Servicing Rights: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at Beginning of Period |  | $ | 2,664 |  |  | $ | 2,745 |  |  | $ | 2,642 |  |  | $ | 2,246 |
Additions |  |  | 91 |  |  |  | 164 |  |  |  | 317 |  |  |  | 562 |
Additions from acquisition |  |  | 419 |  |  |  | — |  |  |  | 419 |  |  |  | — |
Disposals |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Amortized to expense |  |  | (95 | ) |  |  | (144 | ) |  |  | (299 | ) |  |  | (436 | )
Other charges |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Change in valuation allowance |  |  | — |  |  |  | (189 | ) |  |  | — |  |  |  | 204 |
Balance at End of Period |  | $ | 3,079 |  |  | $ | 2,576 |  |  | $ | 3,079 |  |  | $ | 2,576 |
Valuation allowance: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at Beginning of Period |  | $ | — |  |  | $ | (189 | ) |  | $ | — |  |  | $ | 204 |
Additions expensed |  |  | — |  |  |  | 189 |  |  |  | — |  |  |  | 261 |
Reductions credited to operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (465 | )
Direct write-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Balance at End of Period |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Estimated amortization expense for each of the next five years and thereafter is as follows:
|  | MSRs |  |  | Core deposit intangibles |  |  | Total |
2022 |  | $ | 40 |  |  | $ | 407 |  |  | $ | 447 |
2023 |  |  | 161 |  |  |  | 1,579 |  |  |  | 1,740 |
2024 |  |  | 160 |  |  |  | 1,488 |  |  |  | 1,648 |
2025 |  |  | 160 |  |  |  | 1,312 |  |  |  | 1,472 |
2026 |  |  | 159 |  |  |  | 1,193 |  |  |  | 1,352 |
Thereafter |  |  | 2,399 |  |  |  | 2,496 |  |  |  | 4,895 |
|  | $ | 3,079 |  |  | $ | 8,475 |  |  | $ | 11,554 |

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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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