XML 109 R14.htm IDEA: XBRL DOCUMENT
v3.20.1

Note F - Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2019
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | Note F – Goodwill and Intangible Assets Goodwill: The change in goodwill during the year is as follows:
|  | 2019 |  |  | 2018 |  |  | 2017 |
Beginning of year |  | $ | 7,371 |  |  | $ | 7,371 |  |  | $ | 7,801 |
Acquired goodwill |  |  | ---- |  |  |  | ---- |  |  |  | ---- |
Impairment |  |  | ---- |  |  |  | ---- |  |  |  | ---- |
Finalization of Milton branch sale |  |  | (52 | ) |  |  | ---- |  |  |  | ---- |
Finalization of Milton acquisition accounting |  |  | ---- |  |  |  | ---- |  |  |  | (430 | )
End of year |  | $ | 7,319 |  |  | $ | 7,371 |  |  | $ | 7,371 |
Impairment exists when a reporting unit’s carrying value of goodwill exceeds its fair value. At December 31, 2019 and 2018, the Company’s reporting unit had positive equity and the Company elected to perform a qualitative assessment to determine if it was more likely than not that fair value of the reporting unit exceeded its carrying value, including goodwill. The qualitative assessment indicated that it is more likely than not that fair value of goodwill is more than the carrying value, resulting in no impairment. Therefore, the Company did not proceed to step one of the annual goodwill impairment testing requirement. Acquired intangible assets: Acquired intangible assets were as follows at year-end:
|  | 2019 |  |  | 2018 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Core deposit intangibles |  | $ | 738 |  |  | $ | 564 |  |  | $ | 738 |  |  | $ | 359 |
Aggregate amortization expense was $206 for 2019, $135 for 2018 and $156 for 2017. Estimated amortization expense for each of the next five years:
2020 |  | $ | 62 |
2021 |  |  | 48 |
2022 |  |  | 35 |
2023 |  |  | 21 |
2024 |  |  | 8 |
Total |  | $ | 174 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and 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 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration