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Note 8 - Intangible Assets

9 Months Ended

Sep. 30, 2021

Intangible Assets Disclosure [Text Block]

8.	Intangible assets

The following sets forth the carrying amounts and accumulated amortization of the intangible assets at September 30, 2021 and December 31, 2020 (in thousands):

	2021				2020
	Gross		Accumulated		Gross		Accumulated
	Amount		Amortization		Amount		Amortization

Core deposit intangible asset	$	6,411	$	3,913	$	6,411	$	3,493
Customer list		535		379		535		320

Total	$	6,946	$	4,292	$	6,946	$	3,813

The weighted average remaining life of the intangible assets is approximately 4 years as of September 30, 2021 and December 31, 2020.

The following sets forth the activity related to the intangible assets for the three and nine months ended September 30, 2021 and 2020 (in thousands):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2021			2020			2021			2020

Beginning intangible assets, net	$	2,813		$	3,525		$	3,133		$	3,959
Amortization		(159	)		(216	)		(479	)		(650	)

Ending intangible assets, net	$	2,654		$	3,309		$	2,654		$	3,309

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

2021	$	148
2022		575
2023		502
2024		337
2025		300
2026		268
After		524

Total	$	2,654