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Goodwill and Other Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2023
Goodwill and Other Intangible Assets [Abstract] |
Gross Carrying Value and Accumulated Amortization of Intangible Assets | The following table provides the gross carrying value and accumulated amortization of intangible assets as of March 31, 2023 and December 31, 2022 (in thousands):
|  | March 31, 2023 |  |  | December 31, 2022 |
|  | Gross carrying value |  |  | Accumulated amortization |  |  | Net carrying value |  |  | Gross carrying value |  |  | Accumulated amortization |  |  | Net carrying value |
Amortized intangible assets (1): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
MSRs |  | $ | 2,350 |  |  | $ | (1,436 | ) |  | $ | 914 |  |  | $ | 2,336 |  |  | $ | (1,362 | ) |  | $ | 974 |
Core deposit intangibles |  |  | 1,943 |  |  |  | (1,676 | ) |  |  | 267 |  |  |  | 1,943 |  |  |  | (1,645 | ) |  |  | 298 |
Total amortized intangible assets |  | $ | 4,293 |  |  | $ | (3,112 | ) |  | $ | 1,181 |  |  | $ | 4,279 |  |  | $ | (3,007 | ) |  | $ | 1,272 |
Unamortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 31,376 |  |  |  |  |  |  |  |  |  |  | $ | 31,376 |  |  |  |  |  |  |  |  |
(1) Excludes fully amortized intangible assets
Future Amortization Expense for 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 March 31, 2023. Future amortization expense may vary from these projections:
|  | MSRs |  |  | Core deposit intangibles |  |  | Total |
Three months ended March 31, 2023 (actual) |  | $ | 73 |  |  | $ | 31 |  |  | $ | 104 |
Three months ended March 31, 2022 (actual) |  |  | 82 |  |  |  | 40 |  |  |  | 122 |
Estimate for year ending December 31, |  |  |  |  |  |  |  |  |  |  |  |
Remaining 2023 |  |  | 197 |  |  |  | 91 |  |  |  | 288 |
2024 |  |  | 214 |  |  |  | 86 |  |  |  | 300 |
2025 |  |  | 165 |  |  |  | 50 |  |  |  | 215 |
2026 |  |  | 122 |  |  |  | 17 |  |  |  | 139 |
2027 |  |  | 89 |  |  |  | 12 |  |  |  | 101 |
Thereafter |  |  | 127 |  |  |  | 11 |  |  |  | 138 |
Total |  | $ | 914 |  |  | $ | 267 |  |  | $ | 1,181 |

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