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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2025
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 March 31, 2025 and December 31, 2024. There were no changes in the recorded balance of goodwill during the three months ended March 31, 2025 or 2024. ​ The Corporation had $1.08 million and $1.15 million of other intangible assets as of March 31, 2025 and December 31, 2024, 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: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | March 31, | ​ | ​ | December 31,
​ | ​ | ​ | 2025 | ​ | ​ | 2024
​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | Carrying | ​ | Accumulated | ​ | ​ | Carrying | ​ | Accumulated
(Dollars in thousands) | ​ | ​ | Amount | ​ | Amortization | ​ | ​ | Amount | ​ | Amortization
Amortizable intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Core deposit intangibles | ​ | $ | 1,711 | ​ | $ | (726) | ​ | $ | 1,711 | ​ | $ | (700)
Other amortizable intangibles | ​ |  | 1,405 | ​ | ​ | (1,306) | ​ | ​ | 1,405 | ​ | ​ | (1,269)
Total | ​ | $ | 3,116 | ​ | $ | (2,032) | ​ | $ | 3,116 | ​ | $ | (1,969)
​ Amortization expense was $63,000 and $65,000 for the three months ended March 31, 2025 and 2024, 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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