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Goodwill and Other Intangible Assets
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Other Intangible Assets

Note 4 - Goodwill And Other Intangible Assets

Goodwill and other intangible assets are presented in the tables below.

 

(dollars in thousands)

 

As of June 30, 2025

 

 

As of December 31, 2024

 

 

 

 

 

 

 

 

Goodwill

 

$

14,420

 

 

$

14,420

 

 

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

 

Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Core deposit intangible

 

$

1,868

 

 

$

1,127

 

 

$

741

 

 

$

1,868

 

 

$

1,037

 

 

$

831

 

 

 

 

 

 

 

 

 

As of June 30, 2025 future estimated annual amortization expense is as follows:

 

Year ending

 

 

 

(dollars in thousands)

 

 

 

2025

 

$

90

 

2026

 

 

180

 

2027

 

 

180

 

2028

 

 

180

 

2029

 

 

72

 

Thereafter

 

 

39

 

Total Estimated Amortization Expense

 

$

741

 

 

Management performed its annual analysis of goodwill and core deposit intangibles during the third quarter of 2024 and concluded that there was no impairment at September 30, 2024. At June 30, 2025, management's analysis concluded that there were no changes in the Company's financial statements or operations subsequent to the annual analysis that would indicate that it was more likely than not that goodwill or core deposit intangible was impaired.