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Note 8 - Intangible Assets
3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

8.

  Intangible assets

 

The following sets forth the carrying amounts and accumulated amortization of the intangible assets at March 31, 2021 and December 31, 2020 (in thousands):

 

  

2021

  

2020

 
  

Gross

  

Accumulated

  

Gross

  

Accumulated

 
  

Amount

  

Amortization

  

Amount

  

Amortization

 
                 

Core deposit intangible asset

 $6,411  $3,633  $6,411  $3,493 

Customer list

  535   340   535   320 
                 

Total

 $6,946  $3,973  $6,946  $3,813 

 

The weighted average life of the intangible assets is approximately 4 years as of March 31, 2021 and December 31, 2020.

 

The following sets forth the activity related to the intangible assets for the three months ended March 31, 2021 and 2019 (in thousands):

 

  

Three Months Ended

 
  

March 31,

 
  

2021

  

2020

 
         

Beginning intangible assets, net

 $3,133  $3,959 

Amortization

  (160)  (217)
         

Ending intangible assets, net

 $2,973  $3,742 

 

Estimated remaining amortization expense on intangible assets for the years ending December 31 is as follows (in thousands):

 

2021

 $468 

2022

  574 

2023

  502 

2024

  337 

2025

  300 

2026

  268 

After

  524 
     

Total

 $2,973