Note 6 – Goodwill and Other Intangible Assets

The following table provides the gross carrying value and accumulated amortization of intangible assets as of June 30, 2019 and December 31, 2018 (in thousands):

	June 30, 2019							December 31, 2018
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	1,788	$	(1,160	)	$	628	$	1,725	$	(1,066	)	$	659
Core deposit intangibles		1,786		(967	)		819		1,786		(851	)		935
Covenant not to compete		125		(112	)		13		125		(96	)		29
Total amortized intangible assets	$	3,699	$	(2,239	)	$	1,460	$	3,636	$	(2,013	)	$	1,623
Unamortized intangible assets:
Goodwill	$	23,296						$	23,296
(1) Excludes fully amortized intangible assets

The following table provides the current year and estimated future amortization expense for amortized intangible assets for the next five years (in thousands). We based our projections of amortization expense shown below on existing asset balances at June 30, 2019. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Covenant not to compete		Total
Three months ended June 30, 2019 (actual)	$	46	$	58	$	8	$	112
Six months ended June 30, 2019 (actual)		94		116		16		226
Three months ended June 30, 2018 (actual)		48		66		8		122
Six months ended June 30, 2018 (actual)		97		134		16		247
Estimate for year ending December 31,
Remaining 2019		92		114		13		219
2020		156		197		-		353
2021		122		165		-		287
2022		92		133		-		225
2023		67		100		-		167