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GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2022

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

7. GOODWILL AND OTHER INTANGIBLE ASSETS

Information related to core deposit intangibles is as follows:


(In Thousands)		June 30,			December 31,
		2022			2021
Gross amount		$	6,639		$	6,639
Accumulated amortization			(3,542)			(3,323)
Net		$	3,097		$	3,316

Amortization expense related to core deposit intangibles is included in other noninterest expense in the consolidated statements of income, as follows:


(In Thousands)		Three Months Ended						Six Months Ended
		June 30,			June 30,			June 30,			June 30,
		2022			2021			2022			2021
Amortization expense		$	109		$	134		$	219		$	268

Goodwill represents the excess of the cost of acquisitions over the fair value of the net assets acquired. At June 30, 2022 and December 31, 2021, the net carrying value of goodwill was $52,505,000.