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GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The changes in goodwill included in the core banking segment during the six month periods ended June 30, 2020 and 2019 were as follows (in thousands):
|  | 2020 |  | 2019
Beginning of year |  | $ | 21,824 |  |  | $ | 21,824 |
Acquired goodwill |  | — |  |  | — |
Ending balance June 30, |  | $ | 21,824 |  |  | $ | 21,824 |
Acquired intangible assets were as follows at June 30, 2020 and December 31, 2019 (in thousands):
|  | At June 30, 2020 |  |  |  | At December 31, 2019 |  |
|  | Balance Acquired |  | Accumulated Amortization |  | Balance Acquired |  | Accumulated Amortization
Core deposit intangibles |  | $ | 5,975 |  |  | $ | 5,906 |  |  | $ | 5,975 |  |  | $ | 5,832 |
Other customer relationship intangibles |  | 5,633 |  |  | 5,211 |  |  | 5,633 |  |  | 5,034 |
Total |  | $ | 11,608 |  |  | $ | 11,117 |  |  | $ | 11,608 |  |  | $ | 10,866 |
Aggregate amortization expense was $0.1 million and $0.2 million for the three month periods ended June 30, 2020 and 2019, respectively. Aggregate amortization expense was $0.3 million for both of the six month periods ended June 30, 2020 and 2019. The remaining estimated aggregate amortization expense at June 30, 2020 is listed below (in thousands):
Year |  | Estimated Expense
2020 |  | $ | 233 |
2021 |  | 258 |
2022 |  | — |
2023 |  | — |
2024 |  | — |
Total |  | $ | 491 |
The amount of goodwill reflected in the Corporation's Unaudited Consolidated Financial Statements is required to be tested by management for impairment on at least an annual basis. The test for impairment of goodwill on the identified reporting unit is considered a critical accounting estimate because it requires judgment on the part of management and the use of estimates related to the growth assumptions and market multiples used in the valuation model. The goodwill impairment testing is performed annually as of December 31 and no impairment charges were incurred. However, management did conclude that the current decline in macroeconomic conditions is a triggering event, but other mitigating factors did not warrant an interim quantitative impairment test. We continue to evaluate our qualitative assessment assumptions, which are subject to risks and uncertainties, including: (1) forecasted revenues, expenses, and cash flows; (2) current discount rates; (3) our market capitalization; (4) observable market transactions and multiples; (5) changes to the regulatory environment; and (6) the nature and amount of government support that has been and is expected to be provided in the future.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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