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Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2022

Goodwill and Other Intangible Assets [Abstract]

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, 2022 and December 31, 2021 (in thousands):

	June 30, 2022							December 31, 2021
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	2,561	$	(1,486	)	$	1,075	$	2,499	$	(1,326	)	$	1,173
Core deposit intangibles		1,943		(1,569	)		374		1,943		(1,489	)		454
Total amortized intangible assets	$	4,504	$	(3,055	)	$	1,449	$	4,442	$	(2,815	)	$	1,627
Unamortized intangible assets:
Goodwill	$	31,376						$	31,376

(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, 2022. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Total
Three months ended June 30, 2022 (actual)	$	78	$	40	$	118
Six months ended June 30, 2022 (actual)		160		80		240
Three months ended June 30, 2021 (actual)		67		49		116
Six months ended June 30, 2021 (actual)		139		98		237
Estimate for year ending December 31,
Remaining 2022		151		76		227
2023		256		121		377
2024		202		86		288
2025		155		50		205
2026		114		17		131
Thereafter		197		24		221
Total	$	1,075	$	374	$	1,449