Note 10 - Intangible Assets

3 Months Ended

Mar. 31, 2020

10.	Intangible assets

In conjunction with the acquisition of ISSB in

2019,

the Company recorded

$1.9

million in core deposit intangible assets. The following sets forth the carrying amounts and accumulated amortization of the intangible assets at

March 31, 2020

and

December 31, 2019:

(in thousands)

	2020				2019
	Gross		Accumulated		Gross		Accumulated
	Amount		Amortization		Amount		Amortization

Core deposit intangible asset	$	6,411	$	2,943	$	6,411	$	2,745
Customer list		535		261		535		242

Total	$	6,946	$	3,204	$	6,946	$	2,987

The weighted average life of the intangible assets is

4.0

years as of

March 31, 2020

and

4.2

years as of

December 31, 2019.

The following sets forth the activity related to the intangible assets for the

three

months ended

March 31, 2020

and

2019:

(in thousands)

	Three Months Ended
	March 31,
	2020			2019

Beginning intangible assets, net	$	3,959		$	2,678
Purchase		-			-
Amortization		(217	)		(164	)

Ending intangible assets, net	$	3,742		$	2,514

Estimated remaining amortization expense on intangible assets for the years ending

December 31

is as follows:

(in thousands)