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Note 7 - Intangible Assets

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 7. Intangible Assets

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

		2021								2020
		Gross				Accumulated				Gross				Accumulated
		Amount				Amortization				Amount				Amortization
Core deposit intangible asset		$	6,411			$	4,043			$	6,411			$	3,493
Customer list			535				398				535				320
Total		$	6,946			$	4,441			$	6,946			$	3,813

The weighted average life of the intangible assets is approximately 3 and 4 years as of December 31, 2021 and 2020, respectively.

The amortization expense for the intangible assets totaled $628 thousand and $826 thousand for the years ended December 31, 2021 and 2020, respectively. Estimated remaining amortization expense on intangible assets is as follows for the years ending December 31 (in thousands):

2022		$	574
2023			502
2024			337
2025			301
2026			268
After			523
Total		$	2,505

The following sets forth the activity related to intangible assets for the years ended December 31, 2021 and 2020 (in thousands):

		2021				2020
Beginning intangibles, net		$	3,133			$	3,959
Amortization			(628	)			(826	)
Ending intangible asset, net		$	2,505			$	3,133

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

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