XML 28 R16.htm IDEA: XBRL DOCUMENT
v3.23.1

GOODWILL, CORE DEPOSIT INTANGIBLE | 12 Months Ended
--- | ---
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL, CORE DEPOSIT INTANGIBLE | Note 7—GOODWILL, CORE DEPOSIT INTANGIBLE Intangible assets (excluding goodwill) consisted of the following: Schedule of Intangible Assets excluding Goodwill
|  | December 31, |
(Dollars in thousands) |  | 2022 |  |  | 2021 |  |  | 2020 |
Core deposit premiums, gross carrying amount |  | $ | 3,358 |  |  | $ | 3,358 |  |  | $ | 3,358 |
Other intangibles |  |  | 538 |  |  |  | 538 |  |  |  | 538 |
Gross carrying amount |  |  | 3,896 |  |  |  | 3,896 |  |  |  | 3,896 |
Accumulated amortization |  |  | (3,135 | ) |  |  | (2,977 | ) |  |  | (2,776 | )
Net |  | $ | 761 |  |  | $ | 919 |  |  | $ | 1,120 |
Based on the core deposit and other intangibles as of December 31, 2022, the following table presents the aggregate amortization expense for each of the succeeding years ending December 31: Schedule of Aggregate Amortization Expenses
(Dollars in thousands) |  | Amount |
2023 |  | $ | 157 |
2024 |  |  | 158 |
2025 |  |  | 157 |
2026 |  |  | 158 |
2027 and thereafter |  |  | 131 |
Total |  | $ | 761 |
Amortization of the intangibles amounted to $158 thousand, $201 thousand and $363 thousand for the years ended December 31, 2022, 2021 and 2020, respectively. Goodwill represents the excess of the purchase price over the sum of the estimated fair values of the tangible and identifiable intangible assets acquired less the estimated fair value of the liabilities assumed. Goodwill has an indefinite useful life and is evaluated for impairment annually or more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the asset’s fair value. Qualitative factors are assessed to first determine if it is more likely than not (more than 50%) that the carrying value of goodwill is less than fair value. During the year ended December 31, 2022, qualitative factors indicated it was more likely than not that the carrying value of goodwill was less than fair value, thus there were no indicators of impairment and no quantitative testing was performed. The Company’s carrying amount of goodwill at December 31, 2022, and 2021 and changes to the goodwill are summarized as follows: Schedule of Goodwill
|  | December 31, |
(In thousands) |  | 2022 |  |  | 2021 |
Balance—beginning of year |  | $ | 14,637 |  |  | $ | 14,637 |
Acquired Goodwill |  |  | — |  |  |  | — |
Impairment |  |  | — |  |  |  | — |
Balance, end of year |  | $ | 14,637 |  |  | $ | 14,637 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration