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Note 8 - Intangible Assets

9 Months Ended

Sep. 30, 2024

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 September 30, 2024 and  December 31, 2023 (in thousands):

		2024								2023
		Gross				Accumulated				Gross				Accumulated
		Amount				Amortization				Amount				Amortization
Core deposit intangible asset		$	6,411			$	5,241			$	6,411			$	4,982
Customer list			-				-				535				535
Total		$	6,411			$	5,241			$	6,946			$	5,517

The weighted average remaining life of the intangible assets is approximately 2.5 years as of September 30, 2024 and  December 31, 2023.

The following sets forth the activity related to the intangible assets for the three and nine months ended September 30, 2024 and 2023 (in thousands):

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2024				2023				2024				2023
Beginning intangible assets, net		$	1,256			$	1,673			$	1,429			$	1,931
Amortization			(86	)			(130	)			(259	)			(388	)
Ending intangible assets, net		$	1,170			$	1,543			$	1,170			$	1,543

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

2024		$	78
2025			301
2026			268
2027			240
2028			190
2029			93
Total		$	1,170

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

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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