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Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2024
Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets | NOTE 5: Goodwill and Other Intangible Assets ​ The carrying amount of goodwill was $25.19 million at September 30, 2024 and December 31, 2023. There were no changes in the recorded balance of goodwill during the three and nine months ended September 30, 2024 or 2023. ​ The Corporation had $1.21 million and $1.41 million of other intangible assets as of September 30, 2024 and December 31, 2023, respectively. Other intangible assets were recognized in connection with the core deposits acquired from Peoples Bankshares, Incorporated 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,
​ | ​ | ​ | 2024 | ​ | ​ | 2023
​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | Carrying | ​ | Accumulated | ​ | ​ | Carrying | ​ | Accumulated
(Dollars in thousands) | ​ | ​ | Amount | ​ | Amortization | ​ | ​ | Amount | ​ | Amortization
Amortizable intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Core deposit intangibles | ​ | $ | 1,711 | ​ | $ | (673) | ​ | $ | 1,711 | ​ | $ | (588)
Other amortizable intangibles | ​ |  | 1,405 | ​ | ​ | (1,232) | ​ | ​ | 1,405 | ​ | ​ | (1,121)
Total | ​ | $ | 3,116 | ​ | $ | (1,905) | ​ | $ | 3,116 | ​ | $ | (1,709)
​ Amortization expense was $66,000 and $68,000 for the three months ended September 30, 2024 and 2023, respectively, and $196,000 and $204,000 for the nine months ended September 30, 2024 and 2023, respectively. ​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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