The balance in goodwill is the result of a branch acquisition in Charlottesville, Virginia in 2011, the acquisition of River Bancorp, Inc. in 2016, the acquisition of a mortgage line of business in 2018, the 35% ownership acquisition in Hammond Insurance Agency, Inc. in 2019, and the acquisition of VCB in 2019. The purpose of these acquisitions was to expand the geographic service area by targeting attractive markets with potential to provide continued balance sheet growth and new opportunities for the Company. Management evaluates at least annually the recorded value of goodwill. Goodwill is not an amortizing intangible. In the event the asset suffers a decline in value based on criteria established in governing accounting standards, an impairment will be recorded.

	September 30, 2020		December 31, 2019
Goodwill
Charlottesville Branch Acquisition	$	366	$	366
River Bancorp, Inc. Acquisition		1,728		1,728
Mortgage Business Acquisition		600		600
Hammond Insurance Agency Acquisition		613		613
Virginia Community Bankshares, Inc. Acquisition		16,585		16,608
	$	19,892	$	19,915

Information concerning amortizable intangibles included in other assets on the balance sheet is as follows:

	September 30, 2020		December 31, 2019
Amortizable Intangibles
Customer-Based Intangible - MoneyWise Payroll	$	394	$	541
Customer-Based Intangible - Hammond Insurance Agency		350		375
Customer-Based Intangible - LenderSelect Mortgage Group		648		720
Core Deposit Intangible - River Community Bank		94		211
Core Deposit Intangible - Virginia Community Bank		1,444		1,690
Other		92		181
	$	3,022	$	3,718

Beginning the second quarter of 2020, the Company began recording mortgage servicing rights. At September 30, 2020, the Company was servicing approximately $435.4 million of loans originated by the mortgage division and sold to the secondary market. The initial recording of the mortgage servicing rights was at fair value and occurred in June 2020 and resulted in both an asset and mortgage loan servicing income of $1.6 million. Subsequently, the mortgage servicing asset is being measured using the amortization method and evaluated for impairment each quarter end. At September 30, 2020, the mortgage servicing asset was $3.2 million.