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Note 10 - Goodwill and Other Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] | 10. GOODWILL AND OTHER INTANGIBLE ASSETS, NE T Information related to the core deposit intangibles is as follows:
(In Thousands) |  | December 31, |
|  | 2019 |  |  | 2018 |
Gross amount |  | $ | 3,495 |  |  | $ | 2,034 |
Accumulated amortization |  |  | (2,248 | ) |  |  | (2,025 | )
Net |  | $ | 1,247 |  |  | $ | 9 |
Amortization expense was $223,000 in 2019, including $214,000 related to the Monument transaction described in Note 3, and $3,000 in 2018. The amount of amortization expense to be recognized in each of the ensuing five years is as follows:
(In Thousands) |  |  |  |
2020 |  | $ | 249 |
2021 |  |  | 193 |
2022 |  |  | 160 |
2023 |  |  | 133 |
2024 |  |  | 125 |
Changes in the carrying amount of goodwill are summarized in the following table:
(In Thousands) |  | December 31, |
|  | 2019 |  |  | 2018 |
Balance, beginning of period |  | $ | 11,942 |  |  | $ | 11,942 |
Goodwill arising in business combination |  |  | 16,446 |  |  |  | 0 |
Balance, end of period |  | $ | 28,388 |  |  | $ | 11,942 |
In testing goodwill for impairment as of December 31, 2019, the Corporation by-passed performing a qualitative assessment and performed a quantitative assessment based on comparison of the Corporation’s market capitalization to its stockholders’ equity, resulting in the determination that the fair value of its reporting unit, its community banking operation, exceeded its carrying value. Accordingly, there was no goodwill impairment at December 31, 2019. The Corporation’s assessment of goodwill for impairment at December 31, 2018 was based on assessment of qualitative factors to determine whether it was more likely than not that the fair value of its community banking operation was less than its carrying amount. The qualitative factors assessed included the Corporation’s recent financial performance, economic conditions in the Corporation’s market area, macroeconomic conditions and other factors. Based on the assessment of qualitative factors, the Corporation determined that it was not more likely than not that the fair value of the community banking operation had fallen below its carrying value, and therefore, the Corporation did not perform a more detailed, two -step goodwill impairment test and concluded there was no goodwill impairment as of December 31, 2018.

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- Definition The entire disclosure for all or part of the information related to 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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