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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 12 – Goodwill and Other Intangible Assets The table below summarizes the changes in carrying amounts of goodwill and other intangibles, including core deposit intangibles, for the periods presented:
|  |  |  | Intangibles
(Dollars in thousands) |  | Goodwill |  | Gross |  | Accumulated Amortization |  | Net
Balance at January 1, 2024 |  | $ | 2,838 |  |  | $ | 600 |  |  | $ | (248) |  |  | $ | 352 |
Amortization expense |  | — |  |  | — |  |  | (90) |  |  | (90) |
Balance at December 31, 2024 |  | $ | 2,838 |  |  | $ | 600 |  |  | $ | (338) |  |  | $ | 262 |
Balance at January 1, 2023 |  | $ | 3,988 |  |  | $ | 3,820 |  |  | $ | (2,189) |  |  | $ | 1,631 |
Reduction of goodwill and intangibles resulting from sale of Chartwell |  | (1,150) |  |  | (3,220) |  |  | 2,133 |  |  | (1,087) |
Amortization expense |  | — |  |  | — |  |  | (192) |  |  | (192) |
Balance at December 31, 2023 |  | $ | 2,838 |  |  | $ | 600 |  |  | $ | (248) |  |  | $ | 352 |
Balance at January 1, 2022 |  | $ | 3,988 |  |  | $ | 3,820 |  |  | $ | (1,504) |  |  | $ | 2,316 |
Amortization expense |  | — |  |  | — |  |  | (685) |  |  | (685) |
Balance at December 31, 2022 |  | $ | 3,988 |  |  | $ | 3,820 |  |  | $ | (2,189) |  |  | $ | 1,631 |
Goodwill represents the excess of the purchase price over the fair value of acquired net assets under the acquisition method of accounting. Intangibles resulting represent customer relationships and trade name related to prior acquisitions. These items are amortized over four years and 10 years, respectively. The table below presents estimated amortization expense for our other intangible assets (dollars in thousands):
2025 |  | $ | 52 |
2026 |  | 40 |
2027 |  | 40 |
2028 |  | 40 |
2029 |  | 40 |
Thereafter |  | 50 |
|  | $ | 262 |
Goodwill and intangibles are evaluated for impairment if events and circumstances indicate a potential for impairment. No impairment charges were recorded for other intangible assets in any of the periods presented.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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