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GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in goodwill included in the core banking segment during the three month periods ended March 31, 2022 and 2021 were as follows (in thousands):


	2022		2021
Beginning of year	$	21,824	$	21,824
Acquired goodwill	—		—
Ending balance March 31,	$	21,824	$	21,824

Acquired intangible assets were as follows at March 31, 2022 and December 31, 2021 (in thousands):


	At March 31, 2022				At December 31, 2021
	Balance Acquired		Accumulated Amortization		Balance Acquired		Accumulated Amortization
Core deposit intangibles	$	5,975	$	5,975	$	5,975	$	5,974
Other customer relationship intangibles	5,633		5,629		5,633		5,619
Total	$	11,608	$	11,604	$	11,608	$	11,593

Aggregate amortization expense was $11 thousand and $0.1 million for the three month periods ended March 31, 2022 and 2021, respectively.

The remaining estimated aggregate amortization expense at March 31, 2022 is listed below (in thousands):


Year	Estimated Expense
2022	$	4





Total	$	4

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. Goodwill impairment testing is performed annually as of December 31 and no impairment charges were incurred.