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Intangible Assets

6 Months Ended

Jun. 30, 2022

Intangible Assets

Intangible Assets

6. Intangible Assets

During the six months ended June 30, 2022, there were no changes in the carrying value of the Company’s indefinite-lived intangible assets (goodwill and trademarks). The Company’s amortizable intangible assets, which were included within other assets in the Consolidated Condensed Balance Sheets (unaudited), consisted of the following:


					June 30, 2022									December 31, 2021
		Weighted			Gross									Gross
		Average			Carrying			Accumulated						Carrying			Accumulated
		Life (Years)			Amount			Amortization			Net			Amount			Amortization			Net

					(Dollars in thousands)									(Dollars in thousands)
Amortizable intangible assets
Customer relationships			15		$	3,500		$	(2,644)		$	856		$	3,500		$	(2,528)		$	972
Total amortizable intangible assets					$	3,500		$	(2,644)		$	856		$	3,500		$	(2,528)		$	972

Amortization expense related to the intangible assets was $58,000 in both the second quarters of 2022 and 2021. For both the six-month periods ended June 30, 2022 and June 30, 2021, amortization expense related to the intangible assets was $116,000.