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Note 8 - Intangible Assets

9 Months Ended

Sep. 30, 2023

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, 2023 and December 31, 2022 (in thousands):

	2023				2022
	Gross		Accumulated		Gross		Accumulated
	Amount		Amortization		Amount		Amortization

Core deposit intangible asset	$	6,411	$	4,883	$	6,411	$	4,539
Customer list		535		520		535		476

Total	$	6,946	$	5,403	$	6,946	$	5,015

The weighted average remaining life of the intangible assets is approximately 3 years as of September 30, 2023 and December 31, 2022.

The following sets forth the activity related to the intangible assets for the three and nine months ended September 30, 2023 and 2022 (in thousands):

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2023			2022			2023			2022

Beginning intangible assets, net	$	1,673		$	2,212		$	1,931		$	2,505
Amortization		(130	)		(145	)		(388	)		(438	)

Ending intangible assets, net	$	1,543		$	2,067		$	1,543		$	2,067

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

2023		115
2024		337
2025		300
2026		268
2027		240
2028		190
After		93

Total	$	1,543