Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2025

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 September 30, 2025 and December 31, 2024 (in thousands):

	September 30, 2025							December 31, 2024
	Gross carrying value		Accumulated amortization			Net carrying value		Gross carrying value		Accumulated amortization			Net carrying value
Amortized intangible assets (1):
MSRs	$	2,498	$	(1,888	)	$	610	$	2,478	$	(1,717	)	$	761
Core deposit intangibles		4,713		(2,949	)		1,764		4,713		(2,582	)		2,131
Total amortized intangible assets	$	7,211	$	(4,837	)	$	2,374	$	7,191	$	(4,299	)	$	2,892
Unamortized intangible assets:
Goodwill	$	85,758						$	85,758

(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). The Company based its projections of amortization expense shown below on existing asset balances at September 30, 2025. Future amortization expense may vary from these projections:

	MSRs		Core deposit intangibles		Total
Three months ended September 30, 2025 (actual)	$	68	$	113	$	181
Nine months ended September 30,2025 (actual)		202		367		569
Three months ended September 30, 2024 (actual)		70		136		206
Nine months ended September 30,2024 (actual)		224		432		656
Estimate for year ending December 31,
Remaining 2025		59		112		171
2026		202		395		597
2027		147		339		486
2028		100		284		384
2029		63		230		293
Thereafter		39		404		443
Total	$	610	$	1,764	$	2,374