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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 7. Goodwill and Other Intangible Assets As of December 31, 2021 and 2020, goodwill totaled $26.8 million and $19.6 million, respectively. The following tables present information on amortizable intangible assets included on the consolidated balance sheets as of the dates stated.
|  | Gross |  |  |  |  |  | Net |
(Dollars in thousands) |  | Carrying |  |  | Accumulated |  |  | Carrying |
December 31, 2021 |  | Value |  |  | Amortization |  |  | Value |
Core deposit intangibles |  | $ | 9,626 |  |  | $ | (2,908 | ) |  | $ | 6,718 |
Other amortizable intangibles |  |  | 2,659 |  |  |  | (1,635 | ) |  |  | 1,024 |
Total |  | $ | 12,285 |  |  | $ | (4,543 | ) |  | $ | 7,742 |
|  | Gross |  |  |  |  |  | Net |
(Dollars in thousands) |  | Carrying |  |  | Accumulated |  |  | Carrying |
December 31, 2020 |  | Value |  |  | Amortization |  |  | Value |
Core deposit intangibles |  | $ | 2,776 |  |  | $ | (1,366 | ) |  | $ | 1,410 |
Other amortizable intangibles |  |  | 2,187 |  |  |  | (1,016 | ) |  |  | 1,171 |
Total |  | $ | 4,963 |  |  | $ | (2,382 | ) |  | $ | 2,581 |
As a result of the Bay Banks Merger, a core deposit intangible asset of $6.9 million was recorded as of the acquisition date and is being amortized on an accelerated basis over 10 years using the sum-of-years digits method. Intangible amortization expense is included in noninterest expense or interest and fees on loans in the consolidated statements of operations depending on the intangible. For the years ended December 31, 2021 and 2020, intangible amortization expense totaled $1.9 million and $825 thousand, respectively. The following table presents estimated intangible asset amortization expense of the core deposit intangibles and other amortizable intangibles for the next five years and thereafter from the date stated.
(Dollars in thousands) |  | December 31, 2021 |
2022 |  | $ | 1,808 |
2023 |  |  | 1,455 |
2024 |  |  | 1,251 |
2025 |  |  | 1,050 |
2026 |  |  | 864 |
Thereafter |  |  | 1,314 |
Total |  | $ | 7,742 |
Included in other amortizable intangibles were loan servicing assets of $362 thousand and $209 thousand as of December 31, 2021 and 2020, respectively, related to the sale of the government guaranteed portion of certain loans that the Company continues to service. Loan servicing assets of $266 thousand and $189 thousand were added during the years ended December 31, 2021 and 2020, respectively. The amortization of these intangibles is included in interest and fees on loans in the consolidated statement of operations. The Company retains MSR assets on mortgages originated and sold to the secondary market. As of December 31, 2021 and 2020, the carrying value of MSR assets included in the consolidate balance sheets were $16.5 million and $7.1 million, respectively.

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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 http://asc.fasb.org/topic&trid=2144416 + Details
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