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Note 9 - Intangible Assets

12 Months Ended

Dec. 31, 2020

Intangible Assets Disclosure [Text Block]

Note 9. Intangible Assets

The following sets forth the carrying amounts and accumulated amortization of all intangible assets at December 31, 2020 and 2019 (in thousands):

	2020				2019
	Gross		Accumulated		Gross		Accumulated
	Amount		Amortization		Amount		Amortization

Core deposit intangible asset	$	6,411	$	3,493	$	6,411	$	2,745
Customer list		535		320		535		242
Total	$	6,946	$	3,813	$	6,946	$	2,987

The weighted average life of the intangible assets is 3.6 and 4.2 years as of December 31, 2020 and 2019, respectively.

The amortization expense for the intangible assets totaled $826,000 and $610,000 for the years ended December 31, 2020 and 2019, respectively. Estimated remaining amortization expense on intangible assets is as follows for the years ending December 31 (in thousands):

2021	$	628
2022		574
2023		502
2024		337
2025		301
After		791

Total	$	3,133

The following sets forth the activity related to intangible assets for the years ended December 31, 2020 and 2019 (in thousands):

	2020			2019

Beginning intangibles, net	$	3,959		$	2,678
Acquisition		-			1,891
Amortization		(826	)		(610	)

Ending intangible asset, net	$	3,133		$	3,959