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Goodwill and Intangibles (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill

Information concerning goodwill by acquisition is as follows:

 

 

 

December 31,

 

(Dollars in thousands)

 

2020

 

 

2019

 

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

 

Schedule of Amortizable Intangible Assets

Information concerning amortizable intangible assets is as follows:

 

December 31, 2020

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Carrying Value

 

Core deposit intangibles

 

$

2,776

 

 

$

1,366

 

 

$

1,410

 

Other amortizable intangibles

 

 

2,528

 

 

 

1,016

 

 

 

1,512

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangibles

 

$

2,776

 

 

$

875

 

 

$

1,901

 

Other amortizable intangibles

 

 

2,339

 

 

 

522

 

 

 

1,817

 

Schedule of Estimated Amortization Expense

Estimated amortization expense for the next five years and thereafter as of December 31, 2020 is as follows:

 

(Dollars in thousands)

 

 

 

 

2021

 

$

759

 

2022

 

 

593

 

2023

 

 

394

 

2024

 

 

342

 

2025

 

 

293

 

Thereafter

 

 

541

 

Total

 

$

2,922