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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2021
Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets | NOTE 6: Goodwill and Other Intangible Assets ​ The carrying amount of goodwill was $25.19 million at September 30, 2021 and December 31, 2020. The following table presents the changes in goodwill during the nine months ended September 30, 2020. There were no changes in the recorded balance of goodwill during the three and nine months ended September 30, 2021. ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Community | ​ | Consumer |  | ​ | ​
(Dollars in thousands) |  | Banking |  | Finance |  | Total
Balance as of January 1, 2020 | ​ | $ | 3,702 | ​ | $ | 10,723 | ​ | $ | 14,425
Acquisition of Peoples Bankshares, Incorporated | ​ | ​ | 10,766 | ​ | ​ | — | ​ | ​ | 10,766
Balance at September 30, 2020 | ​ | $ | 14,468 | ​ | $ | 10,723 | ​ | $ | 25,191
​ The Corporation had $2.06 million and $2.29 million of other intangible assets as of September 30, 2021 and December 31, 2020, respectively. Other intangible assets were recognized in connection with the core deposits acquired from Peoples in 2020 and customer relationships acquired by C&F Wealth Management in 2016. The following table summarizes the gross carrying amounts and accumulated amortization of other intangible assets: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | September 30, | ​ | ​ | December 31,
​ | ​ | ​ | 2021 | ​ | ​ | 2020
​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | Carrying | ​ | Accumulated | ​ | ​ | Carrying | ​ | Accumulated
(Dollars in thousands) | ​ | ​ | Amount | ​ | Amortization | ​ | ​ | Amount | ​ | Amortization
Amortizable intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Core deposit intangibles | ​ | $ | 1,711 | ​ | $ | (287) | ​ | $ | 1,711 | ​ | $ | (171)
Other amortizable intangibles | ​ |  | 1,405 | ​ | ​ | (774) | ​ | ​ | 1,405 | ​ | ​ | (654)
Total | ​ | $ | 3,116 | ​ | $ | (1,061) | ​ | $ | 3,116 | ​ | $ | (825)
​ ​ Amortization expense was $79,000 and $83,000 for the three months ended September 30, 2021 and 2020, respectively and $236,000 and $248,000 for the nine months ended September 30, 2021 and 2020, respectively.

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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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