Goodwill and other intangible assets acquired in a business combination and determined to have an indefinite useful life are not amortized but tested for impairment at least annually or more frequently if events and circumstances exist that indicate that an impairment test should be performed. Intangible assets with definite useful lives are amortized over their estimated useful lives, which range from 5 to 12 years. Goodwill is the only intangible asset with an indefinite life on the consolidated balance sheets.

As of September 30, 2022 and December 31, 2021, the Company's goodwill totaled $26.8 million.

The following table presents information on amortizable intangible assets included on the consolidated balance sheets as of the dates stated.


	As of September 30, 2022
(Dollars in thousands)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Core deposit intangibles	$	9,626	$	(3,991	)	$	5,635
Other amortizable intangibles		3,319		(1,938	)		1,381
Total	$	12,945	$	(5,929	)	$	7,016

	As of December 31, 2021
(Dollars in thousands)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Core deposit intangibles	$	9,626	$	(2,908	)	$	6,718
Other amortizable intangibles		2,463		(1,587	)		876
Total	$	12,089	$	(4,495	)	$	7,594

Included in other amortizable intangibles were loan servicing assets of $943 thousand and $362 thousand at September 30, 2022 and December 31, 2021, respectively, related to the servicing of the government guaranteed portion

of certain loans that the Company has sold. Loan servicing assets of $856 thousand were added during the nine months ended September 30, 2022. The amortization of these intangibles is included in interest and fees on loans in the consolidated statements of operations and totaled $274 thousand for the nine months ended September 30, 2022.

The Company retains servicing rights on mortgages originated and sold to the secondary market. Beginning January 1, 2022, the Company elected the fair value measurement method for accounting for MSR assets, pursuant to which assets are initially recorded at fair value and subsequently adjusted to fair value at each reporting period. Prior to this election, the Company accounted for MSR assets under the amortization method, whereby the MSR assets were recorded at the lower of cost or fair value. As of September 30, 2022, the fair value of MSR assets was $29.9 million, and at December 31, 2021, the carrying value of MSR assets under the amortization method was $16.5 million.