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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS LCNB performs an impairment test of the carrying value of goodwill annually in the fourth quarter or sooner if circumstances indicate a possible impairment. Impairment indicators that may be considered include the condition of the economy and banking industry; estimated future cash flows; government intervention and regulatory updates; the impact of recent events to financial performance and cost factors of the reporting unit; performance of LCNB’s stock and other relevant events. These and other factors could lead to a conclusion that goodwill is impaired, which would require LCNB to write off the difference between the estimated fair value of the Company and its carrying value. Other intangible assets in the Consolidated Balance Sheets at December 31 were as follows (in thousands):
| 2022 |  | 2021
| Gross Intangible Assets |  | Accumulated Amortization |  | Net Intangible Assets |  | Gross Intangible Assets |  | Accumulated Amortization |  | Net Intangible Assets
Core deposit intangibles | $ | 8,544 |  |  | 7,588 |  |  | 956 |  |  | 8,544 |  |  | 7,110 |  |  | 1,434 |
Mortgage servicing rights | 2,408 |  |  | 1,537 |  |  | 871 |  |  | 2,323 |  |  | 1,284 |  |  | 1,039 |
Total | $ | 10,952 |  |  | 9,125 |  |  | 1,827 |  |  | 10,867 |  |  | 8,394 |  |  | 2,473 |
The estimated aggregate future amortization expense for each of the next five years for intangible assets remaining as of December 31, 2022 is as follows (in thousands):
2023 | $ | 647 |
2024 | 514 |
2025 | 302 |
2026 | 113 |
2027 | 86 |

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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 https://asc.fasb.org/topic&trid=2144416 + Details
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