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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The following is an analysis of the core deposit intangible activity for the years ended December 31:
| 2021 |  | 2020
(dollars in thousands) | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Amortizable intangible assets: |  |  |  |  |  |  |
Core deposit intangible | $ | 7,685 |  |  | $ | 2,464 |  |  | $ | 3,660 |  |  | $ | 1,389 |
Customer relationship intangible | 2,250 |  |  | 82 |  |  | — |  |  | — |
Total | 9,935 |  |  | 2,546 |  |  | 3,660 |  |  | 1,389 |
Unamortizable intangible assets: |  |  |  |  |  |  |
Goodwill | $ | 52,906 |  |  |  |  | $ | 15,992 |  |  |
Activity related to transactions since January 1, 2019 includes the following: (1)In connection with the SouthCrest, Inc. acquisition on August 1, 2021, the Company recorded $4.0 million in core deposit intangible and $35.0 million in goodwill. (2)In connection with insurance acquisitions that occurred on August 1, 2021, September 1, 2021, and October 1, 2021, the Company recorded $2.3 million in customer deposit intangibles and $1.9 million in goodwill. (3)In connection with the LBC Bancshares, Inc. acquisition on May 1, 2019, the Company recorded $3.1 million in a core deposit intangible and $15.7 million in goodwill. The company recorded a subsequent adjustment within the one year period allowed after the acquisition of $485,000 in 2020. (4)In connection with the May 1, 2019 acquisition of PFB Mortgage from Planters First Bank, the Company recorded $541,000 in goodwill. Amortization expense related to the core deposit intangible was $1.2 million and $785,000 at December 31, 2021 and 2020, respectively. The estimated future amortization expense for intangible assets remaining as of December 31, 2021 is as follows:
(dollars in thousands) |  | Amount
2022 |  | $ | 1,726 |
2023 |  | 1,471 |
2024 |  | 1,217 |
2025 |  | 962 |
2026 |  | 658 |
Thereafter |  | 1,355 |
Total |  | $ | 7,389 |

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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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